North Carolina
Department of State Treasurer
Financial Information
City of Newton



Financial Profile | General Fund | Enterprise Funds | Cash, Investments and Financing
Annual Financial Information Report Detail | Water/Sewer Information
Electric System Information | Financial Graphs and Comparisons
Download Excel 97 Version of Financial Summary

Institute of Government North Carolina Cities Web Site

Go to North Carolina County and Municipal Financial Information Home Page
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Note: All data unless otherwise specified is for the 12 month period ending June, 30th of the designated year



Municipality Revenues and Expenditures Financial Profile
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201120102009200820072006

Revenues by Source







Property Tax$5,122,713 $5,055,130 $4,778,068 $4,438,510 $4,050,290 $3,670,356


Utility 19,749,301 18,840,802 17,481,052 16,430,176 16,042,537 14,078,721


Sales Tax 2,838,864 2,457,645 2,717,347 2,979,005 2,906,029 2,640,648


Sales & Services 773,439 710,806 681,695 576,949 563,606 458,119


Intergovernmental 1,914,623 1,793,401 2,824,287 2,181,871 1,894,544 1,904,975


Debt Proceeds 566,000 717,324 5,415,000 1,569,750 718,993 5,436,200


Other Miscellaneous 637,747 641,015 855,897 2,334,731 1,557,943 1,494,955


Total$31,602,687 30,216,123 34,753,346 30,510,992 27,733,942 29,683,974










Expenditures by Function







Utility$15,437,849 14,898,267 16,206,835 17,150,405 13,796,738 14,950,114


Debt Service 3,969,737 4,146,810 3,827,279 3,437,021 2,962,063 3,284,744


Transportation 886,786 845,505 899,378 914,444 1,211,639 825,604


General Government 2,069,369 2,224,688 2,490,877 2,354,751 2,095,161 2,110,674


Public Safety 4,713,161 4,926,689 5,253,174 4,654,281 4,545,879 4,605,490


Other 3,812,860 3,814,464 4,084,775 3,712,899 3,817,676 3,889,625


Total$30,889,762 30,856,423 32,762,318 32,223,801 28,429,156 29,666,251










Expenditures by Object







Salaries & Wages$9,193,286 9,645,788 9,603,078 9,022,037 8,841,931 8,348,204


Capital Outlay 1,726,759 2,112,807 4,774,662 5,123,263 2,937,667 5,014,513


Other Operating + Debt Service 19,969,717 19,097,828 18,384,578 18,078,501 16,649,558 16,303,534


Total$30,889,762 30,856,423 32,762,318 32,223,801 28,429,156 29,666,251



















Per Capita Revenues by Source







Property Tax$394 366 350 327 306 281


Utility 1,520 1,363 1,279 1,212 1,213 1,077


Sales Tax 218 179 197 220 219 201


Sales & Services 60 51 50 43 43 35


Intergovernmental 147 130 207 161 143 146


Debt Proceeds 44 52 396 116 54 416


Other Miscellaneous 49 46 63 172 118 114


Total$2,432 2,187 2,542 2,251 2,096 2,270










Per Capita Expenditures by Function







Utility$1,188 1,078 1,186 1,265 1,043 1,143


Debt Service 305 300 280 254 224 251


Transportation 68 61 66 67 92 63


General Government 160 161 182 174 157 163


Public Safety 363 357 384 343 344 352


Other 293 276 299 274 289 297


Total$2,377 2,233 2,397 2,377 2,149 2,269










Per Capita Expenditures by Object







Salaries & Wages$707 698 702 666 668 638


Capital Outlay 133 153 349 378 222 384


Other Operating 1,537 1,382 1,346 1,333 1,259 1,247


Total$2,377 2,233 2,397 2,377 2,149 2,269










Population GroupElectric 10,000 to 49,999 Electric 10,000 to 49,999 Electric 10,000 to 49,999 Electric 10,000 to 49,999 Electric 10,000 to 49,999 Electric 10,000 to 49,999


Number of Municipalites in Group 22 23 22 22 22 22


Average Population In Group 22,715 20,466 20,622 22,003 21,233 20,452


City of Newton Population 12,995 13,819 13,670 13,554 13,229 13,075

Group Average Per Capita Revenues by Source







Property Tax 415 404401365353344


Utility 2,002 1,7591,7421,8971,8361,894


Sales Tax 126 128143155155150


Sales & Services 136 11611111010497


Intergovernmental 203 216193172183211


Debt Proceeds 69 102317276201125


Other Miscellaneous 87 114127150178155


Total 3,038 2,8393,0343,1253,0102,976










Group Average Per Capita Expenditures by Function







Utility 1,850 1,7081,8151,9071,8171,915


Debt Service 175 175166147136192


Transportation 138 147121120116119


General Government 144 197184157136134


Public Safety 414 412412393374363


Other 299 283340357288270


Total 3,020 2,9223,0383,0812,8672,993










Group Average Per Capita Expenditures by Object







Salaries & Wages 634 628628623586561


Capital Outlay 239 358440429329352


Other Operating 2,147 1,9361,9692,0281,9522,080


Total 3,020 2,9223,0373,0802,8672,993


















General Fund
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201120102009200820072006

General Fund revenues$10,813,211 10,522,042 10,592,778 10,388,680 10,265,749 9,485,552

General Fund expenditures 10,659,755 11,256,979 11,302,296 10,440,052 9,568,033 9,725,933

Operating transfers in 5,000 215,000 - - - -

Operating transfers out 370,330 203,136 430,650 1,352,343 684,800 635,444

Capital leases and installment purchase proceeds 501,000 509,150 823,000 1,554,750 247,600 906,700

Other items - 45,631 57,626 - - -

Excess of revenues and other sources over (under) expenditures and other uses 289,126 (168,292) (259,542) 151,035 260,516 30,875










Fund balance available (FBA):







In dollars$3,284,559 2,709,662 3,071,265 2,890,405 2,998,605 2,695,911


FBA as a % of GF Net Expenditures:







Unit's FBA %31.2024.7428.1528.2329.9728.51


Group weighted average FBA %37.8538.2139.9638.6937.0140.17


State weighted average Electric Group34.7233.6034.3235.3233.9235.62


State weighted average FBA %39.5337.4737.0336.3436.5436.96

















Enterprise Funds:
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Water/Sewer, Electric













Combined financial results:







Working capital$2,038,626 594,851 (818,827) (1,067,080) 605,195 1,298,615


Quick ratio1.40 1.01 0.68 0.87 0.98 1.26


Net income1,443,285 1,559,620 1,161,598 1,266,584 47,135 (268,900)


Cashflow from operations4,190,818 3,664,716 1,289,840 2,298,526 1,634,814 1,156,114


Depreciation & Amortization Expense2,315,729 2,054,022 2,074,810 2,051,990 1,965,213 1,519,827


























Cash, Investments and Financing
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201120102009200820072006











Population at July 1st of the Previous Year12,99513,81913,67013,55413,22913,075


Population GroupElectric 10,000 to 49,999 Electric 10,000 to 49,999 Electric 10,000 to 49,999 Electric 10,000 to 49,999 Electric 10,000 to 49,999 Electric 10,000 to 49,999


Cash &Investments$8,661,762 $8,206,108 $8,618,539 $7,821,755 $8,759,337 $9,646,784


Investment Earnings16,851 14,675 64,562 250,566 388,770 287,448


Tax Rate Equivalent0.00160.00140.00680.02680.04420.0342


Tax Rate Equivalent Group weighted average0.00730.01050.03040.07070.07930.0520


Tax Rate Equivalent Statewide weighted average0.03170.02470.01330.05240.09200.0573


Latest year of Revaluation 200720072007200720032003


January 1, Prior Year Assessed Valuation$1,049,203,637 1,042,913,099 953,641,894 935,961,250 879,244,277 840,343,870


Tax Rate0.48000.48000.48000.46000.46000.4400


Tax Rate Group weighted average0.44100.43640.44110.44980.44540.4425


Tax Rate State Wide0.41220.40900.42620.42380.44500.4321


Assessment -to-Sales Ratio100.0097.8597.9497.7394.5896.47


Assessment -to-Sales Ratio Group weighted average101.3196.9388.6787.5590.1392.19


Assessment -to-Sales Ratio Statewide101.4798.2790.8188.5388.4192.28


Assessed Valuation Adjusted for Assesment to Sales Ratio$1,049,203,637 1,065,828,410 973,700,116 957,701,064 929,630,236 871,093,469


EffectiveTax Rate0.48000.46970.47010.44960.43510.4245


Group weighted average Effective Tax Rate0.44680.42300.39110.39380.40150.4080


Statewide weighted average Effective Tax Rate0.41830.40200.38700.37520.39340.3987


Percent Collected95.800096.570096.110095.900095.580095.6300


Percent Collected Group weighted average96.7896.7596.5496.7996.5196.74


Percent Collected Statewide97.4297.3597.3497.5697.5897.55


Percent Collected Excluding Motor Vehicles96.8797.7097.5297.4197.1097.25


Percent Collected Excluding Motor Vehicles Group weighted average97.6897.5497.5798.0397.7398.00


Percent Collected Excluding Motor Vehicles Statewide weighted average98.2598.2398.3098.6598.5998.61


Percent Collected Motor Vehicles Only 78.2378.2176.8376.7777.8176.84


Percent Collected Motor Vehicles Only Group weighted average86.3286.1284.7283.9484.2185.28


Percent Collected Motor Vehicles Only Statewide weighted average 86.4186.3886.5586.7486.7186.80


Tax Uncollected448,834 411,733 430,629 432,300 431,287 386,823


Tax Rate Equivalent0.04280.03950.04520.04620.04910.0460


Dominant County: Catawba






Debt Information








Population Group10,000 to 24,99910,000 to 24,99910,000 to 24,99910,000 to 24,99910,000 to 24,99910,000 to 24,999


Ratings:







Fitch







Moody'sAa3Aa3A2A2A2A2


S & PA+A+A+AAA











General Obligation Debt (GO) where the taxing power of the entrire municipality is pledged to pay the obligation




Enterprise GO Debt$80,657 502,920 934,671 1,375,912 1,821,897 2,252,923


General Government GO Debt4,343 27,080 50,329 74,088 98,103 132,077


Total General Obligation Debt85,000 530,000 985,000 1,450,000 1,920,000 2,385,000


Per Capita$7 38 72 107 145 182


Total Per Capita for the Population Group111 132 130 153 166 163


Total Per Capita Statewide450 449 455 456 478 495


Total per Assessed Valuation Adjusted for Current Year Sales0.0081%0.0497%0.1012%0.1514%0.2065%0.2738%


Total per Assessed Valuation Adjusted for Current Year Sales- Group Average0.1155%0.1377%0.1320%0.1585%0.1868%0.1912%


Total per Assessed Valuation Adjusted for Current Year Sales - Statewide0.4280%0.4134%0.3909%0.4132%0.4706%0.5275%


Total Authorized but not Issued General Obligation Debt
















Installment Sales Purchases and Lease Obligations







--Enterprise$12,883,396 14,671,373 16,388,960 13,159,958 14,465,716 15,580,632


--General Government2,214,462 2,166,986 2,063,424 1,976,821 1,534,664 1,701,696


Total*$15,097,858 16,838,359 18,452,383 15,136,779 16,000,380 17,282,328


* The total only includes the contracts that require Local Government Commission approval.




Revenue Bond Debt $0 0 0 0 0 0


















Annual Financial Information Report Detail
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LineSectionDescription201120102009200820072006

Population at July 1st of the Previous Year Adjusted for Boundry Changes12,99513,81913,67013,55413,22913,075









1.5AFISCAL Governmental Activities Assets16,219,74216,292,95516,734,27616,720,86315,286,04914,128,676
1.5BSUMMARYGovernmental Activities Liabilities5,320,9065,492,7365,879,0645,842,7784,762,5534,875,291
3.5A
Business Type Activities Assets49,233,58550,421,72651,125,66148,360,84947,995,44048,934,000
3.5B
Business Type Activities Liabilties15,751,03418,262,89020,590,98919,037,34419,922,59020,937,446
6.5A
Fiduciary Funds Assets





6.5B
Fiduciary Funds Liabilties





10.0PART 2Current Collections of Unit -Wide Levy4,948,5094,983,4524,543,9834,263,3883,911,0753,539,881
11.0TAXCurrent Collections of Special Tax Districts335,674370,110354,549332,767295,132291,783
12.0REVENUESPrior Years' Levy Collections129,56539,383193,263148,680116,201110,252
13.0
Penalties and Interest44,63932,29540,82226,44223,01420,223
14.0
Collections of Taxes Previously Written Off





15.0
Animal Tax



10
15.1
Solid Waste Disposal Tax9,3679,3166,308


16.0
1% Local Government Option Sales Tax1,519,7441,037,9001,202,0641,325,0181,266,3241,170,753
17.0
1/2% Local Government Option Sales Tax (40)781,858824,247666,209562,228557,110493,720
18.0
1/2% Local Government Option Sales Tax (42)543,466527,724514,552556,251551,323489,137
18.5
1/2% Local Government Option Sales Tax (44)-6,20467,774334,522535,508531,272487,038
19.0
Privilege Licenses


3809251,100
19.2
Privilege -- All other privileges and pemits440390470


20.0
Auto Licenses5,3773,967



21.0
Vehicle Tax for Public Transportation





22.0
Other Licenses89,51393,12493,21996,00998,41280,592
23.0
Local Occupancy Tax





24.0
Prepared Food Tax





25.0
911 Charges





26.0
Gross Short Term lease and Rental Tax





27.0FEDERALPayments In Lieu of Taxes - Federal359,750346,200315,850307,850291,750239,050
28.0INTERGOVEquitable Sharing of Fed. Forfeited Prop.16,81567,39129,3338,7801827,578
29.0REVENUESGeneral Government





30.0
Public Safety163,34824,37946,2123671,485212,673
31.0
Transportation - Streets





32.0
Transportation - All Other
38,351



33.0
Environmental Protection52,816




34.0
Econ. & Phys. Dev. - Housing/Comm. Dev.60,540101,6331,150,282564,492283,918271,091
35.0
Econ. & Phys. Dev. - All Other





36.0
Human Services: Health, Mental Hlt & Hosp





37.0
Human Services: All Other





38.0
Culture & Recreation





39.0STATEPayments In Lieu of Taxes - State





40.0INTERGOVUnauthorized Substance Tax9,43815,57014,9797,94413,450
41.0REVENUESTransitional Hold Harmless13,71716,060



42.0
Wireless Enhanced 911 Service Charges





42.1
Emergency Telephone Services Fund (ETSF) Revenues (Do not include interest)





42.2
ETSF Interest Income





43.0
Piped Natural Gas Charge Distribution





44.0
Utility Franchise Tax785,773776,181768,977735,324707,527676,425
45.0
Beer and Wine Tax60,90619,49760,87160,93859,08257,358
46.0
Powell Bill387,135385,243433,656477,979425,414432,563
50.0
Court Fees - Facilities and Arrest Fees4,3852,8964,1274,6266,9438,237
51.0
General Government





52.0
Public Safety


13,571104,793
53.0
Transportation - Streets





54.0
Transportation - All Other





55.0
Environmental Protection





56.0
Econ. & Phys. Dev. - Housing/Community Dev





57.0
Econ. & Phys. Dev. - All Other





58.0
Human Services -Health, Mental Health, Hosp





59.0
Human Services - All Other





60.0
Culture and Recreation





61.0LOCALPayments in Lieu of Taxes - Local





62.0INTERGOVGeneral Government





63.0REVENUESPublic Safety





64.0
Transportation - Streets





65.0
Transportation - All Other





66.0
Environmental Protection





67.0
Economic and Physical Development





68.0
Human Services - Health, Mental Hlt & Hosp





69.0
Human Services - All Other





70.0
Culture and Recreation





71.0PERMITS Building Permits





72.0& FEESInspection Fees31,93818,96518,25616,57317,22429,042
72.1
Amusements licensing and permit taxes





73.0
Other Permits8,3946,6256,55613,27117,26916,404
74.0SALES &Parking Revenues52,36847,2081,3851,5102,4511,990
75.0SERVICESRents and Royalties77,65413,11814,13324,15712,28910,194
76.0
Airport





77.0
Fire Protection Charges2,4002,4002,4002,4002,4002,400
78.0
Solid Waste547,614547,275557,169440,025445,337335,474
79.0
Ambulance and Rescue Squad Charges





80.0
Cemeteries18,55013,70023,86023,3507,26122,340
81.0
Recreation Service Revenues74,85387,10582,74876,32083,95479,729
82.0
Library Service Revenues





83.0
Other Cultural and Rec Service Revenues





84.0
Mass Transit - City Operated



9,914
85.0
Other Sales and Services


9,187
5,992
86.0UTILITYWater and Sewer Charges6,028,1945,958,7195,323,1704,741,0844,642,3484,136,895
87.0REVENUESElectric Charges13,721,10712,882,08312,157,88211,689,09211,400,1899,941,826
88.0
Gas Charges





88.1
Storm Water Fees





89.0MISC.Investment Earnings - Bond Proceeds





90.0REVENUESInvestment Earnings - All Other Funds16,85114,67564,562250,566388,770287,448
91.0
Special Assessments





92.0
Private Contributions and Donations



100,15017,679
93.0
Sales of Materials and Fixed Assets58,35194,785122,74171,82567,747112,969
94.0
Sale of Real Property





95.0
Nongovt Contr For Streets & Traffic Signals





96.0
ABC Mixed Drink Surcharge





97.0
ABC Profit Distribution





98.0
Other Miscellaneous Revenues81,84229,058145,77567,55562,751148,138
99.0
Proceeds of Sale of Bonds and Notes





100.0
Proceeds of Capital Leases/Install Purchases566,000717,3245,415,0001,569,750718,9935,436,200
101.0
Other

43,4611,485,785509,553509,800
102.0NON-REVSchool - Current Levy Collections





103.0RECEIPTSPrior Years' Levy Collections





104.0
Tax Collections for Other Units





105.0
Utilities Customer's Deposits





106.0
Deposits Other than Utility





107.0
Prepaid Taxes





108.0
Prepaid Privilege Licenses





109APART 4Governing Body - Salaries & Wages41,26853,77052,79545,77843,95837,371
109BGENERALGoverning Body - Other Direct1,12616,98212,60029,49618,29721,360
109CGOVTGoverning Body - Construction





109D
Governing Body - Purchase of P,P&E





110A
Administration - Salaries & Wages225,865230,006231,017217,749202,696246,856
110B
Administration - Other Direct88,25392,800104,775110,349108,705132,706
110C
Administration - Construction





110D
Administration - Purchase of P,P&E





111A
Elections - Salaries & Wages





111B
Elections - Other Direct





111C
Elections - Construction





111D
Elections - Purchase of P,P&E





112A
Finance - Salaries & Wages410,545388,204378,449413,714407,078406,350
112B
Finance - Other Direct178,440185,854241,924183,494193,382229,299
112C
Finance - Construction





112D
Finance - Purchase of P,P&E
47,430138,280389,459

113A
Taxes - Salaries & Wages





113B
Taxes - Other Direct





113C
Taxes - Construction





113D
Taxes - Purchase of P,P&E





114A
Legal - Salaries & Wages





114B
Legal - Other Direct





114C
Legal - Construction





114D
Legal - Purchase of P,P&E





115A
Public Buildings - Salaries & Wages119,973141,012



115B
Public Buildings - Other Direct

231,357141,265206,154128,951
115C
Public Buildings - Construction5,886




115D
Public Buildings - Purchase of P,P&E

10,041


116A
Court Facilities - Salaries & Wages





116B
Court Facilities - Other Direct





116C
Court Facilities - Construction





116D
Court Facilities - Purchase of P,P&E





117A
Central Services - Salaries & Wages176,318190,383196,225184,974181,033173,763
117B
Central Services - Other Direct70,75257,39748,87650,83654,62452,672
117C
Central Services - Construction





117D
Central Services - Purchase of P,P&E
33,025


56,474
118A
Gen. Govt. All Other - Salaries & Wages403,669310,901369,937308,462317,727296,113
118B
Gen. Govt. All Other - Other Direct334,213330,760371,466279,175361,507328,759
118C
Gen. Govt. All Other - Construction





118D
Gen. Govt. All Other - Purchase of P,P&E13,06145,586



119APUBLICPolice & Comm - Traffic Control - Salaries and Wages2,143,9582,275,5912,310,0452,191,7662,223,4112,137,591
119BSAFETYPolice & Comm - Traffic Control - Other Direct402,719419,990499,962483,520482,508556,732
119C
Police & Comm - Traffic Control - Construction





119D
Police & Comm - Traffic Control - Purchase of P,P&E49,535231,31740,608227,402179,771158,881
120A
Emergency Communications - Salaries & Wages





120B
Emergency Communications - Other Direct





120C
Emergency Communications - Construction





120D
Emergency Communications - Purchase of P,P&E





120B
Emergency Telephone Service Fund (ETSF) Expenditures - Operating





120C
ETSF Expenditures - Capital Construction





120D
ETSF Expenditures - Capital Purchases





121A
Emergency Mgmt - Salaries & Wages





121B
Emergency Mgmt - Other Direct





121C
Emergency Mgmt - Construction





121D
Emergency Mgmt - Purchase of P,P&E





122A
Fire - Salaries & Wages1,583,0541,571,4171,525,5331,386,5071,314,001
122B
Fire - Other Direct277,864244,165272,529212,955190,412
122C
Fire - Construction





122D
Fire - Purchase of P,P&E130,82633,125474,5125,72829,816
123A
Inspectors - Salaries & Wages




1,157,353
123B
Inspectors - Other Direct




455,147
123C
Inspectors - Construction





123D
Inspectors - Purchase of P,P&E




10,117
124A
Rescue Units - Salaries & Wages





124B
Rescue Units - Other Direct





124C
Rescue Units - Construction





124D
Rescue Units - Purchase of P,P&E





125A
Animal Control - Salaries & Wages





125B
Animal Control - Other Direct





125C
Animal Control - Construction





125D
Animal Control - Purchase of P,P&E





126A
Pub. Safety All Other - Salaries & Wages





126B
Pub. Safety All Other - Other Direct





126C
Pub. Safety All Other - Construction





126D
Pub. Safety All Other - Purchase of P,P&E





127ATRANSPORTraffic Engineering - Salaries & Wages





127BTATIONTraffic Engineering - Other Direct





127C
Traffic Engineering - Construction





127D
Traffic Engineering - Purchase of P,P&E





128A
Streets and Highways - Salaries & Wages208,092359,140347,816352,048279,983257,250
128B
Streets and Highways - Other Direct135,105132,831114,629147,469122,908107,365
128C
Streets and Highways - Construction





128D
Streets and Highways - Purchase of P,P&E67,117133,530
35,729322,811220,300
129A
Street Cleaning - Salaries & Wages





129B
Street Cleaning - Other Direct





129C
Street Cleaning - Construction





129D
Street Cleaning - Purchase of P,P&E





130A
Powell Bill - Salaries & Wages122,197126,058122,705107,615110,566118,016
130B
Powell Bill - Other Direct312,77187,388308,004265,559369,287115,189
130C
Powell Bill - Construction





130D
Powell Bill - Purchase of P,P&E14,954




131A
Parking Facilities - Salaries & Wages





131B
Parking Facilities - Other Direct5,6506,5586,2246,0246,0847,484
131C
Parking Facilities - Construction





131D
Parking Facilities - Purchase of P,P&E20,900




132A
Mass Transit - City - Salaries & Wages





132B
Mass Transit - City - Other Direct





132C
Mass Transit - City - Construction





132D
Mass Transit - City - Purchase of P,P&E





133B
Mass Transit - Private - Other Direct





134A
Airport - Salaries & Wages





134B
Airport - Other Direct





134C
Airport - Construction





134D
Airport - Purchase of P,P&E





135A
Transpor. All Other - Salaries & Wages





135B
Transpor. All Other - Other Direct





135C
Transpor. All Other - Construction





135D
Transpor. All Other - Purchase of P,P&E





136AENVIRONSolid Waste - Salaries & Wages503,728499,101512,883511,870469,432428,233
136BMENTALSolid Waste - Other Direct339,988354,361335,677307,846321,565287,991
136CPROTECTIONSolid Waste - Construction





136D
Solid Waste - Purchase of P,P&E10,238
329,518

118,585
137A
Drainage & Watershed - Salaries & Wages





137B
Drainage & Watershed - Other Direct





137C
Drainage & Watershed - Construction





137D
Drainage & Watershed - Purchase of P,P&E





138A
Cemeteries - Salaries & Wages





138B
Cemeteries - Other Direct





138C
Cemeteries - Construction





138D
Cemeteries - Purchase of P,P&E





139A
Environ. All Other - Salaries & Wages135,564178,164194,901150,267181,052203,916
139B
Environ. All Other - Other Direct76,49690,57837,61192,61968,65684,823
139C
Environ. All Other - Construction





139D
Environ. All Other - Purchase of P,P&E
40,047



140AECONOMICPlanning & Zoning - Salaries & Wages272,677318,940301,146261,001253,630246,277
140B& PHYSICALPlanning & Zoning - Other Direct73,19343,33644,96849,96061,05754,288
140CDEVELOPPlanning & Zoning - Construction





140D
Planning & Zoning - Purchase of P,P&E





141A
Economic Development - Salaries & Wages





141B
Economic Development - Other Direct830,368715,005181,03556,62577,334151,208
141C
Economic Development - Construction391,090170,216920,126908,0771,007,041788,336
141D
Economic Development - Purchase of P,P&E





142A
Community Development - Salaries & Wages





142B
Community Development - Other Direct





142C
Community Development - Construction





142D
Community Development - Purchase of P,P&E





143A
Housing & Urban Renewal - Salaries & Wages





143B
Housing & Urban Renewal - Other Direct





143C
Housing & Urban Renewal - Construction





143D
Housing & Urban Renewal - Purchase of P,P&E





144A
Special Empl Programs - Salaries & Wages





144B
Special Empl Programs - Other Direct





144C
Special Empl Programs - Construction





144D
Special Empl Programs - Purchase of P,P&E





145A
Econ. Dev. All Other - Salaries & Wages





145B
Econ. Dev. All Other - Other Direct





145C
Econ. Dev. All Other - Construction





145D
Econ. Dev. All Other - Purchase of P,P&E





146AHUMANHealth - Salaries & Wages





146BSERVICESHealth - Other Direct





146C
Health - Construction





146D
Health - Purchase of P,P&E





147A
Mental Health - Salaries & Wages





147B
Mental Health - Other Direct





147C
Mental Health - Construction





147D
Mental Health - Purchase of P,P&E





148A
Social Services - Salaries & Wages





148B
Social Services - Other Direct





148C
Social Services - Construction





148D
Social Services - Purchase of P,P&E





149B
Hospital-City - Other Direct





150B
Hospital-Private - Other Direct





151A
Legal Aid - Salaries & Wages





151B
Legal Aid - Other Direct





151C
Legal Aid - Construction





151D
Legal Aid - Purchase of P,P&E





152A
Human Serv. All Other - Salaries & Wages





152B
Human Serv. All Other - Other Direct





152C
Human Serv. All Other - Construction





152D
Human Serv. All Other - Purchase of P,P&E





153ACULTURE Recreation & Parks - Salaries & Wages751,500825,881840,591773,317754,839729,682
153BRECREATIONRecreation & Parks - Other Direct316,464330,515300,765331,631339,636353,509
153C
Recreation & Parks - Construction




128,408
153D
Recreation & Parks - Purchase of P,P&E34,983148,1289,32015,27328,924
154A
Coliseum - Salaries & Wages





154B
Coliseum - Other Direct





154C
Coliseum - Construction





154D
Coliseum - Purchase of P,P&E





155A
Museums - Salaries & Wages





155B
Museums - Other Direct





155C
Museums - Construction





155D
Museums - Purchase of P,P&E





156A
Libraries - Salaries & Wages





156B
Libraries - Other Direct





156C
Libraries - Construction





156D
Libraries - Purchase of P,P&E





157A
Cult. & Recr. All Other - Salaries & Wages





157B
Cult. & Recr. All Other - Other Direct76,571100,19276,234110,860120,063179,869
157C
Cult. & Recr. All Other - Construction





157D
Cult. & Recr. All Other - Purchase of P,P&E





158AUTILITYWater & Sewer - Salaries & Wages1,381,3981,477,0511,530,7131,475,5541,500,4731,390,983
158B
Water & Sewer - Other Direct 1,730,9211,694,0941,618,0012,293,9311,578,4671,380,605
158C
Water & Sewer - Construction40,64898,445489,6551,096,025103,350867,438
158D
Water & Sewer - Purchase of P,P&E442,393379,563183,7891,485,78543,712394,902
159A
Electric Power - Salaries & Wages713,480700,169688,322641,415602,052518,450
159B
Electric Power - Other Direct10,623,8819,796,5509,517,5429,197,9108,746,4428,126,664
159C
Electric Power - Construction295,466729,8832,089,933942,9331,110,6362,267,272
159D
Electric Power - Purchase of P,P&E209,66222,51288,88016,852111,6063,800
160A
Natural Gas - Salaries & Wages





160B
Natural Gas - Other Direct





160C
Natural Gas - Construction





160D
Natural Gas - Purchase of P,P&E





161.1A
Storm Water - Salaries & Wages





161.1B
Storm Water - Other Direct





161.1C
Storm Water - Construction





161.1D
Storm Water - Purchase of P,P&E





161BDEBTWater & Sewer - Interest & Fees322,957445,140487,583489,107521,694424,479
161DSERVICEWater & Sewer - Principal1,740,6621,738,3511,640,0361,563,8981,473,4391,459,047
162B
Electric - Interest & Fees237,668324,395244,489223,656100,60490,367
162D
Electric - Principal762,476711,527500,481468,398273,654758,674
163B
Gas - Interest & Fees





163D
Gas - Principal





164B
School - Interest & Fees





164D
School - Principal





165B
Hospital - Interest & Fees





165D
Hospital - Principal





166B
All Other - Interest & Fees133,930178,738161,982125,270106,265102,507
166D
All Other - Principal772,044748,659792,708566,692486,407449,670
167BPENSIONDirect Benefit Program - Other Direct





168BFRINGEFringe Benefits Unallocated





169B
Separation Allowance - Law Enforcement59,18082,35660,69580,59758,15761,205
170B
Separation Allowance - Other Employees





171B
Supplemental Retirement - Law Enforcement66,02568,72869,29065,80667,80368,464
172B
Fringe Benefits Other





173AINTERGOVMulti-Cnty Libr Dis,Cnty,Or Other - Recipient





173BEXPENDMulti-Cnty Libr Dis,Cnty,Or Other - Item #





173C
Multi-Cnty Libr Dis,Cnty,Or Other - Amount
100,578103,135


174A
Gen Gov Activities Shared W/ Cnty - Recipient





174B
Gen Gov Activities Shared W/ Cnty - Item #





174C
Gen Gov Activities Shared W/ Cnty - Amount


143,553134,447134,500
175A
Highways (Payments to State) - Recipient





175B
Highways (Payments to State) - Item No.





175C
Highways (Payments to State) - Amount





176A
Other - Intergovt. Expenditures - Recipient





176B
Other - Intergovt. Expenditures - Item #





176C
Other - Intergovt. Expenditures - Amount





177A
Other - Intergovt. Expenditures - Recipient





177B
Other - Intergovt. Expenditures - Item #





177C
Other - Intergovt. Expenditures - Amount





178A
Other - Intergovt. Expenditures - Recipient





178B
Other - Intergovt. Expenditures - Item #





178C
Other - Intergovt. Expenditures - Amount





179.0
Current year's levy -- Excluding motor vehicles4,866,107.4,860,762.004,406,365.004,119,942.003,768,455.003,408,447.00
180.0
Current year's levy -- Motor vehicles (only)296,293.299,876.00321,356.00325,644.00321,990.00293,072.00
181.0PART 6Uncollected Taxes - Current Year's Levy Except Mot Veh152,541.111,857.00109,273.00106,656.00109,297.0093,751.00
182.0OTHERUncollected Taxes - CY Levy -Motor Vehicles64,49065,32974,46575,65371,46267,887
183.0DATAPercentage of Taxes Collected - All Property %95.8096.5796.1195.9095.5895.63
184.0DATAPercentage of Taxes Collected - Exclude Motor Vehicles%96.8797.7097.5297.4197.1097.25
185.0
Percentage of Taxes Collected - Motor Vehicles %78.2378.2176.8376.7777.8176.84
186.0
Ttl Amt Salaries/Wages for Construction





187A
Capital Reserve Schools - July 1, 2009





187B
Capital Reserve Schools - June 30, 2010





188A
Capital Reserve Hospitals - July 1, 2009





188B
Capital Reserve Hospitals - June 30, 2010





189APART 7Cash On Hand & in Bank - Debt Service





189BCASH &Cash On Hand & in Bank - Construction Bond





189CINVESTCash On Hand & in Bank - All Other8,661,7628,206,1088,618,5397,821,7558,759,3379,646,784
190A PARTAppropriations Made During FY - B(1) - B(7)





190B 8Expenditures Made During FY - B(1) - B(7)





191.0
Investment in Property - B(1) - B(4)





192.0
Amount Expended During FY - B(5) and B(7)





193.0
Amount of Tax Revenues Taken Into Account





194APART 9Amount - Total Revenues31,978,01731,316,18035,183,99632,248,33528,419,24230,486,418
194BFISCALAmount - Subtract Refunding Bond Proceeds





194CSUMMARYAmount - Subtract Interfund Transfers In375,3301,100,057430,6501,737,343685,300802,444
194D
Amount - Net Revenues31,602,68730,216,12334,753,34630,510,99227,733,94229,683,974


Calculated amount31,602,68730,216,12334,753,34630,510,99227,733,94229,683,974


Amounts in AGREEMENT??YesYesYesYesYesYes


Difference





195A
Amount - Total Expenditures31,265,09231,956,48033,192,96833,961,14429,114,45630,468,695
195B
Amount - Subtract Pymts. to Refunded Debt Agent





195C
Amount - Subtract Interfund Transfers Out375,3301,100,057430,6501,737,343685,300802,444
195D
Amount - Net Expenditures30,889,76230,856,42332,762,31832,223,80128,429,15629,666,251


Calculated amount30,889,76230,856,42332,762,31832,223,80128,429,15629,666,251


Amounts in AGREEMENT??YesYesYesYesYesYes


Difference














401APart 10Number of residential accounts billed Water



14,711
401BWater /Number of residential accounts billed Sewer



14,711
402ASewer Amount processed and/or purchased in units Water1,413
4
895,425
402BOperationsAmount processed and/or purchased in units Sewer672
2
333,981
403A
Total amount billed in units - Water
1,087,786,1001,181,116,7001,056,455895,425
403B
Total amount billed in units - Sewer
313,515,600351,563,008345,898333,981
404A
Of the total in 403A above how many units were Residential W





404B
Of the total in 403B above how many units were Residential S





405A
Of the total in 403 above, how many units were Outside Muni W



57,778
405B
Of the total in 403 above, how many units were Outside Muni S



591
406A
Of the total in 405A above how many units were Residential W





406B
Of the total in 405B above how many units were Residential S





407A
Of the total in 403A, how many units were sold for redistribution



446,080
407B
Of the total in 403B how many unit were delivered in bulk





408A
Dollars related to 403A above3,179,3883,131,2952,818,6122,473,2112,309,912
408B
Dollars related to 403B above2,460,3612,493,1032,204,5651,765,7461,754,900
409A
Dollars related to 404A above





409B
Dollars related to 404B above





410A
Dollars related to 405A above



336,208
410B
Dollars related to 405B above



79,639
411A
Dollars related to 406A above





411B
Dollars related to 406B above





412A
Dollars related to 407A above



602,250
412B
Dollars related to 407B above





421A
Number of residential accounts billed - Water5,4495,4365,4155,994

421B
Number of residential accounts billed - Sewer4,2284,1894,1914,720

422A
Number of non-residential & bulk accounts billed - Water507558595


422B
Number of non-residential & bulk accounts billed - Sewer451500488


423A
Estimated percentage of accounts outside of municipal limits
































950.0
OfficialSerina Hinson

951.0
TitleFinance Director

952.0
Date12/21/201112/31/201012/31/200911/30/200811/30/200712/31/2006
953.0
ContactSerina Hinson

954.0
TitleFinance Director

955.0
Phone828-695-4258




956.0
Fax828-465-7419




957.0
E-Mail:


















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Key Ratios and Operations Statistics of Water and Sewer Systems for



City of Newton













201120102009200820072006








Population
12,99513,81913,67013,55413,22913,075
Population Group
Electric 10,000 and AboveElectric 10,000 and AboveElectric 10,000 and AboveElectric 10,000 and AboveElectric 10,000 and AboveElectric 10,000 and Above
Total Operating Revenues
$6,028,1945,958,7195,323,1704,741,0844,642,3484,136,895
Total Operating Revenues Per Capita
$464431389350351316
Group Weighted Average Revenues Per Capita452418375379387374
State Weighted Average Revenues Per Capita404384353365367356








% to Total Operating Revenues






Operating Expenses
88.75%88.91%97.52%111.14%101.33%95.65%
Group Weighted Average
85.07%91.85%92.75%84.06%79.65%80.09%
State Weighted Average
82.59%85.08%89.86%86.70%82.47%81.57%








Operating Margin
11.25%11.09%2.48%-11.14%-1.33%4.35%
Group Weighted Average
14.93%8.15%7.25%15.94%20.35%19.91%
State Weighted Average
17.41%14.92%10.14%13.30%17.53%18.43%








Operating Transfers In
0.00%2.80%4.04%3.03%6.03%8.14%
Group Weighted Average
1.63%0.73%1.07%2.22%0.96%1.05%
State Weighted Average
0.85%1.71%1.26%1.45%1.20%1.83%








Operating Transfers Out
0.00%3.67%0.00%8.12%0.01%0.00%
Group Weighted Average
3.31%2.67%2.58%5.01%3.50%2.45%
State Weighted Average
1.89%1.79%2.55%3.08%1.94%2.63%








Net Income before capital contributions
6.71%3.59%-2.66%-25.02%-4.00%1.31%
Group Weighted Average
8.95%3.85%0.44%11.93%16.08%2.47%
State Weighted Average
8.52%7.13%-10.44%7.19%11.65%9.59%








Key Ratios and Cash Flow














Quick Ratio
1.230.880.810.641.321.43
Group Weighted Average
4.143.893.313.283.433.14
State Weighted Average
3.483.202.812.962.902.82








Days Sales in Receivables
45.055.694.577.244.354.8
Group Weighted Average
49.151.658.652.256.752.4
State Weighted Average
54.458.958.655.260.057.8








Days Cash on Hand
139.9100.764.9108.4232.9267.7
Group Weighted Average
427.6409.9305.0362.9376.2349.0
State Weighted Average
505.4465.8424.9457.2497.5457.2








Cash flow from Operations
$2,436,2762,426,946724,1601,797,2441,505,4031,560,316








Debt to Equity
0.300.370.440.460.540.59
Group Weighted Average
0.290.290.320.350.450.48
State Weighted Average
0.600.600.570.560.560.52








Debt per Capita
5986828168179541,060
Group Weighted Average
646627846873845884
State Weighted Average
1,2821,2531,1291,1391,101988








Capital Expenditures:
201120102009200820072006


$483,041478,008673,4442,581,810147,0621,262,340










2005200420032002



$8,857,283212,71754,522138,109









Capital Contributions: Excluded from income above
$52,81501,179,5152,050,277277,115289,500
















Operating Statistics














Estimated population of the areas served Water000014,711NA
Estimated population of the areas served Sewer000014,711NA








Number of Gallons of Water Processed (000) omitted1,413040895,425NA
Number of Gallons of Sewage Processed (000) omitted672020333,981NA








Number of Gallons of Water Billed (000) omitted01,087,786,1001,181,116,7001,056,455895,425NA
Number of Gallons of Sewage Billed (000) omitted0313,515,600351,563,008345,898333,981NA








Ratio of Water Billed to Water Processed0.00000
333648785.31073
1.00000NA
Ratio of Sewage Billed to Sewage Processed0.00000
187001600.00000
1.00000NA








Total Revenue from Water Sales3,179,3883,131,2952,818,6122,473,2112,309,912NA
Total Revenue from Sewage Sales2,460,3612,493,1032,204,5651,765,7461,754,900NA








Water Revenue per 1000 gallons of Sales




157.01937NA
Sewage Revenue per 1000 gallons of Sales




119.29169NA








Group Average Sales per thousand Gallons Water$0.00019$0.01246$4.86341$7.69779$0.85985NA
Group Average Sales per thousand Gallons Sewage$0.00019$0.02977$6.22714$9.61699$1.05651NA








State Average Sales per thousand Gallons Water$0.00013$39.04205$39.12016$9.21753$4,470.42307NA
State Average Sales per thousand Gallons Sewage$0.00015$32.79990$40.21027$25.29767$2,448.46180NA








Residential Water Sales per thousand Gallons




NA
Residential Sewage Sales per thousand Gallons




NA








Water Sales per thousand Gallons outside Municipal Limits



5.81896NA
Sewage Sales per thousand Gallons outside Municipal Limits



134.75296NA








Total Water Sales per thousand gallons for Redistribution$0.000000.000000.000000.00000602,250.00000NA
Total Sewage Sales per thousand gallons for Redistribution$0.000000.000000.000000.000000.00000NA




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Key Ratios of Electric Systems for The




City of Newton













201120102009200820072006








Population
12,99513,81913,67013,55413,22913,075
Power Agency Group
N.C. Municipal Power Agency Number 1
Total Operating Revenues
$13,721,10712,588,73111,872,57111,395,26811,097,7639,669,207
Group Weighted Average
24,946,15623,064,70722,030,75722,254,71621,085,16320,184,548








% to Total Operating Revenues






Power Purchases
69.3%70.2%70.7%70.7%69.0%73.3%
Group Weighted Average
79.2%79.8%80.1%78.3%79.0%81.9%








Other Operating Expenses
23.9%23.4%28.4%29.2%33.9%33.8%
Group Weighted Average
15.7%16.2%18.2%17.1%17.6%17.5%








Operating Margin
6.8%6.4%1.0%0.0%-2.8%-7.1%
Group Weighted Average
5.1%4.0%1.7%4.6%3.4%0.6%








Operating Transfers In
0.0%4.1%0.0%3.4%0.0%0.0%
Group Weighted Average
0.6%0.1%0.2%0.2%1.7%0.3%








Operating Transfers Out
0.0%0.0%0.0%0.0%0.0%1.4%
Group Weighted Average Out
2.2%2.3%3.0%2.7%2.4%2.4%








Net Income
7.2%10.7%1.0%3.5%-0.4%-6.3%
Group Weighted Average
3.4%1.8%-1.2%3.5%4.9%-0.2%








Key Ratios and Cash Flow














Quick Ratio
1.61.10.51.30.61.0
Group Weighted Average
4.23.73.93.84.14.0








Coverage Ratio
1.091.121.021.061.020.87
Group Weighted Average
1.061.051.021.081.071.02








Days Sales in Receivables
33.341.034.333.736.837.3
Group Weighted Average
37.839.636.436.836.333.2








Days Cash on Hand
56.631.50.06.40.012.5
Group Weighted Average
122.0112.3109.5118.3114.5127.6








Cash flow from Operations
$1,754,5421,237,770565,680501,282129,411-404,202








Capital Expenditures:
$483,041478,008673,4442,581,810147,0621,262,340


















201120102009200820072006
Capital Contributions: Excluded from Income Above
$000000








Operating Transfers to the General Fund as a % of GF Revenues
201120102009200820072006


0.05%0.00%0.00%0.00%0.00%0.00%










200520042003200220012000


0.27%0.25%0.30%0.43%0.48%0.42%








Gross Electric Fund Assets as Cost
$18,671,98518,166,85717,414,46215,241,26614,346,85213,143,480
Estimated Tax Loss from Municipal Ownership of Utility
$89,626$87,20183,58970,11065,99657,831
Tax Rate Equivalent
0.00850.00840.00880.00750.00750.0069








Operating Transfers to the General Fund as a % of Gross Fixed Assets
0.03%0.00%0.00%0.00%0.00%0.00%








Operating Transfers to the General Fund as a Tax Rate Equivalent
0.00050.00000.00000.00000.00000.0000








Tax Rate Adjusted for Assessed to Sales Ratio
0.48000.46970.47010.44960.43510.4245








Tax Rate Adjusted Excluding Transfers
0.48050.46970.47010.44960.43510.4245








Weighted Average Group Rate Adjusted
0.44680.42300.39110.39380.40150.4080








Weighted Average Non Electric Adjusted Rate
0.42630.41910.40070.41070.43090.4353




Financial Graphs and Comparisons


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Analysis of Available Fund Balance:  General Fund

20072008200920102011
Unit's FBA %29.97%28.23%28.15%24.74%31.20%
Group average FBA %37.01%38.69%39.96%38.21%37.85%
State average Electric/Non Electric Group FBA %33.92%35.32%34.32%33.60%34.72%
State average FBA %36.54%36.34%37.01%37.47%39.53%






Municipal Population Group: Electric 10,000 to 49,999

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Analysis of Property Tax

20072008200920102011
Municipality95.58%95.90%96.11%96.57%95.80%
Pop. Group96.51%96.79%96.54%96.75%96.78%
Statewide97.58%97.56%97.34%97.35%97.42%






Municipal Population Group: Electric 10,000 to 49,999






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Analysis of General Obligation Debt

20072008200920102011
Municipality14510772387
Pop. Group166153130132111
Statewide478456455449450






Municipal Population Group: 10,000 to 24,999






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Analysis of Revenue

20072008200920102011
Property Tax$306327350366394
Utility1,2131,2121,2791,3631,520
Sales Tax219220197179218
Sales & Services4343505160
Intergovernmental143161207130147
Debt Proceeds541163965244
Other Miscellaneous118172634649
Total$2,0962,2512,5422,1872,432

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Analysis of Revenue for Fiscal 2011











2011
2011
CategoryRevenue
Per Capita
Property Tax$5,122,713
$394
Water/Sewer6,028,194
464
Electric13,721,107
1,056
Other Utilities0
0
Sales Tax2,838,864
218
Sales & Services773,439
60
Intergovernment1,914,623
147
Debt Proceeds566,000
44
Miscellaneous637,747
49
Total$31,602,687
$2,432





Municipal Population Group: Electric 10,000 to 49,999





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Analysis of Expenditures by Function for Fiscal 2011











2011
2011
CategoryExpenditures
Per Capita
General Government$2,069,369
$160
Water/Sewer3,595,360
277
Electric11,842,489
911
Other Utilities0
0
Debt Service3,969,737
305
Transportation886,786
68
Public Safety4,713,161
363
Other3,812,860
293
Total$30,889,762
$2,377





Municipal Population Group: Electric 10,000 to 49,999





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Analysis of Expenditures by Object for Fiscal 2011






2011
2011
CategoryExpenditures
Per Capita
Salaries & Wages$9,193,286
$707
Water/Sewer Capital483,041
37
Electric Capital505,128
39
Other Capital738,590
57
Other Operating19,969,717
1,537
Total$30,889,762
$2,377





Municipal Population Group: Electric 10,000 to 49,999






Last Updated 6/15/2012 11:27:47 AM