North Carolina
Department of State Treasurer
Financial Information
Town of Old Fort



Financial Profile | General Fund | Enterprise Funds | Cash, Investments and Financing
Annual Financial Information Report Detail | Water/Sewer 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
Go to McDowell County Map Page



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$316,656 $344,741 $369,624 $455,756 $414,269 $350,763


Utility 514,982 589,052 624,094 548,316 533,856 518,470


Sales Tax 138,521 150,172 208,491 217,585 215,830 201,436


Sales & Services 23,244 23,583 24,660 27,477 53,611 63,512


Intergovernmental 351,022 345,199 304,833 419,342 530,305 449,472


Debt Proceeds - - 85,000 - - 14,647


Other Miscellaneous 8,877 5,645 16,018 44,584 196,331 84,430


Total$1,353,302 1,458,392 1,632,720 1,713,060 1,944,202 1,682,730










Expenditures by Function







Utility$350,856 412,176 431,257 410,190 423,820 410,492


Debt Service 88,453 88,379 73,517 77,249 84,222 119,404


Transportation 142,214 139,715 182,945 204,755 207,786 171,337


General Government 272,231 292,731 306,509 240,982 230,497 191,611


Public Safety 192,010 245,636 291,083 270,244 317,125 331,317


Other 25,535 23,724 127,683 202,945 354,317 296,534


Total$1,071,299 1,202,361 1,412,994 1,406,365 1,617,767 1,520,695










Expenditures by Object







Salaries & Wages$336,094 466,073 491,181 497,488 520,131 550,876


Capital Outlay - 16,750 100,539 135,315 308,791 222,435


Other Operating + Debt Service 735,205 719,538 821,274 773,562 788,845 747,384


Total$1,071,299 1,202,361 1,412,994 1,406,365 1,617,767 1,520,695



















Per Capita Revenues by Source







Property Tax$348 351 376 467 426 362


Utility 567 599 636 562 549 536


Sales Tax 152 153 213 222 222 208


Sales & Services 26 24 25 28 55 66


Intergovernmental 386 351 310 430 546 464


Debt Proceeds - - 87 - - 15


Other Miscellaneous 10 6 16 46 202 87


Total$1,489 1,484 1,663 1,755 2,000 1,738










Per Capita Expenditures by Function







Utility$386 419 439 420 436 424


Debt Service 97 90 75 79 87 123


Transportation 156 142 186 210 214 177


General Government 301 298 313 247 236 199


Public Safety 211 250 296 277 326 342


Other 28 24 130 208 365 306


Total$1,179 1,223 1,439 1,441 1,664 1,571










Per Capita Expenditures by Object







Salaries & Wages$370 474 500 510 535 569


Capital Outlay - 17 102 139 318 230


Other Operating 809 732 837 792 811 772


Total$1,179 1,223 1,439 1,441 1,664 1,571










Population GroupNo Electric 500 to 999 No Electric 500 to 999 No Electric 500 to 999 No Electric 500 to 999 No Electric 500 to 999 No Electric 500 to 999


Number of Municipalites in Group 88 99 94 96 96 95


Average Population In Group 714 727 726 729 726 727


Town of Old Fort Population 909 983 982 976 972 968

Group Average Per Capita Revenues by Source







Property Tax 363 407400400335298


Utility 412 411406407350306


Sales Tax 122 134166191166155


Sales & Services 96 8391696551


Intergovernmental 293 326400304366360


Debt Proceeds 65 30105966773


Other Miscellaneous 223 162180254250188


Total 1,574 1,5531,7481,7211,5991,431










Group Average Per Capita Expenditures by Function







Utility 574 443428437404484


Debt Service 101 104110978371


Transportation 121 133122148153117


General Government 247 258309321313224


Public Safety 274 282301294250241


Other 190 281382291279292


Total 1,507 1,5011,6521,5881,4821,429










Group Average Per Capita Expenditures by Object







Salaries & Wages 406 421419406352309


Capital Outlay 319 242302298334370


Other Operating 782 838931884796750


Total 1,507 1,5011,6521,5881,4821,429


















General Fund
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201120102009200820072006

General Fund revenues$831,940 868,702 917,691 1,006,338 997,851 932,764

General Fund expenditures 655,170 724,986 916,656 792,048 862,377 818,149

Operating transfers in - - - - - 3,866

Operating transfers out - - - - - -

Capital leases and installment purchase proceeds - - 85,000 - 131,478 -

Other items 5,420 - - 500 - -

Excess of revenues and other sources over (under) expenditures and other uses 182,190 143,716 86,035 214,790 266,952 118,481










Fund balance available (FBA):







In dollars$1,346,719 1,167,069 1,018,949 924,208 710,827 466,268


FBA as a % of GF Net Expenditures:







Unit's FBA %205.55160.98122.52116.6997.2556.99


Group weighted average FBA %113.42100.33103.1788.62100.61101.57


State weighted average Non-Electric Group41.0738.7037.8936.6637.3937.38


State weighted average FBA %39.5337.4737.0336.3436.5436.96

















Enterprise Funds:
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Water/Sewer













Combined financial results:







Working capital$592,151 492,837 385,386 251,362 156,602 99,219


Quick ratio12.18 10.48 8.18 5.70 2.67 1.82


Net income(78,405)(75,331)(58,200)77,288 188,148 97,799


Cashflow from operations153,831 166,170 180,777 142,011 99,722 123,154


Depreciation & Amortization Expense199,718 204,281 212,725 148,037 154,551 156,590


























Cash, Investments and Financing
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201120102009200820072006











Population at July 1st of the Previous Year909983982976972968


Population GroupNo Electric 500 to 999 No Electric 500 to 999 No Electric 500 to 999 No Electric 500 to 999 No Electric 500 to 999 No Electric 500 to 999


Cash &Investments$1,807,117 $1,596,636 $1,344,374 $1,128,269 $837,543 $526,251


Investment Earnings505 769 9,380 32,161 33,711 17,167


Tax Rate Equivalent0.00050.00080.01010.03410.03610.0203


Tax Rate Equivalent Group weighted average0.00400.00510.01850.02450.03750.0327


Tax Rate Equivalent Statewide weighted average0.03170.02470.01330.05240.09200.0573


Latest year of Revaluation 200320032003200320032003


January 1, Prior Year Assessed Valuation$93,757,946 94,503,967 92,946,123 94,232,907 93,392,239 84,712,735


Tax Rate0.37000.42000.42000.45000.45000.4500


Tax Rate Group weighted average0.21320.19220.19100.19360.23100.2737


Tax Rate State Wide0.41220.40900.42620.42380.44500.4321


Assessment -to-Sales Ratio94.9982.0080.0085.1188.9890.40


Assessment -to-Sales Ratio Group weighted average96.17101.4487.4787.7577.6788.06


Assessment -to-Sales Ratio Statewide101.4798.2790.8188.5388.4192.28


Assessed Valuation Adjusted for Assesment to Sales Ratio$98,702,965 115,248,740 116,182,654 110,718,960 104,958,686 93,708,778


EffectiveTax Rate0.35150.34440.33600.38300.40040.4068


Group weighted average Effective Tax Rate0.20500.19500.16700.16990.17940.2410


Statewide weighted average Effective Tax Rate0.41830.40200.38700.37520.39340.3987


Percent Collected90.200089.770092.820097.020094.470090.3500


Percent Collected Group weighted average89.1394.2095.5996.1696.0295.56


Percent Collected Statewide97.4297.3597.3497.5697.5897.55


Percent Collected Excluding Motor Vehicles90.5490.2493.4997.9595.2390.95


Percent Collected Excluding Motor Vehicles Group weighted average96.5196.4296.7797.3697.3697.10


Percent Collected Excluding Motor Vehicles Statewide weighted average98.2598.2398.3098.6598.5998.61


Percent Collected Motor Vehicles Only 81.2078.7977.5276.6077.7379.12


Percent Collected Motor Vehicles Only Group weighted average76.8281.8883.9683.4781.4882.58


Percent Collected Motor Vehicles Only Statewide weighted average 86.4186.3886.5586.7486.7186.80


Tax Uncollected41,972 50,588 40,625 26,511 38,243 50,614


Tax Rate Equivalent0.04480.05350.04370.02810.04090.0597


Dominant County: McDowell






Debt Information








Population Group500 to 999500 to 999500 to 999500 to 999500 to 999500 to 999


Ratings:







Fitch







Moody's







S & P
















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




Enterprise GO Debt$953,000 974,500 995,000 1,014,500 1,033,000 1,051,000


General Government GO Debt0 0 0 0 0 0


Total General Obligation Debt953,000 974,500 995,000 1,014,500 1,033,000 1,051,000


Per Capita$1,048 991 1,013 1,039 1,063 1,086


Total Per Capita for the Population Group178 193 200 215 212 223


Total Per Capita Statewide450 449 455 456 478 495


Total per Assessed Valuation Adjusted for Current Year Sales0.9655%0.8456%0.8564%0.9163%0.9842%1.1216%


Total per Assessed Valuation Adjusted for Current Year Sales- Group Average0.0954%0.0895%0.0813%0.0884%0.1085%0.1673%


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$0 0 0 0 0 0


--General Government0 0 0 0 0 0


Total*$0 0 0 0 0 0


* 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 Changes909983982976972968









1.5AFISCAL Governmental Activities Assets3,497,3373,379,9983,265,1443,143,9632,996,5152,701,179
1.5BSUMMARYGovernmental Activities Liabilities48,59471,95891,00611,04036,32031,912
3.5A
Business Type Activities Assets7,879,4557,978,8378,076,1208,153,1138,125,7667,971,597
3.5B
Business Type Activities Liabilties981,7981,002,7761,024,7281,043,5201,093,4611,127,440
6.5A
Fiduciary Funds Assets





6.5B
Fiduciary Funds Liabilties





10.0PART 2Current Collections of Unit -Wide Levy296,178336,537360,431408,814405,606335,886
11.0TAXCurrent Collections of Special Tax Districts



15,483
12.0REVENUESPrior Years' Levy Collections18,7436,9946,86235,1518,6639,909
13.0
Penalties and Interest1,7351,2102,33111,791
4,968
14.0
Collections of Taxes Previously Written Off





15.0
Animal Tax





15.1
Solid Waste Disposal Tax





16.0
1% Local Government Option Sales Tax59,91560,88771,12264,96164,22362,769
17.0
1/2% Local Government Option Sales Tax (40)48,54848,98857,68957,07156,63451,153
18.0
1/2% Local Government Option Sales Tax (42)30,13936,48757,29556,76156,33150,906
18.5
1/2% Local Government Option Sales Tax (44)-813,81022,38538,79238,64236,608
19.0
Privilege Licenses2,2032,8422,9302,9733,6033,388
19.2
Privilege -- All other privileges and pemits





20.0
Auto Licenses





21.0
Vehicle Tax for Public Transportation





22.0
Other Licenses
943594917,9727,835
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 - Federal





28.0INTERGOVEquitable Sharing of Fed. Forfeited Prop.
55743479
12,231
29.0REVENUESGeneral Government


1,258
4,276
30.0
Public Safety1,5542,663



31.0
Transportation - Streets





32.0
Transportation - All Other
6,051



33.0
Environmental Protection


115,437218,293101,591
34.0
Econ. & Phys. Dev. - Housing/Comm. Dev.





35.0
Econ. & Phys. Dev. - All Other


19,401
14,123
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 Tax





41.0REVENUESTransitional Hold Harmless161,091155,024123,241106,380107,421110,327
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 Tax124,546123,886125,831133,488121,534114,871
45.0
Beer and Wine Tax





46.0
Powell Bill30,02530,97634,89438,99934,93435,784
50.0
Court Fees - Facilities and Arrest Fees





51.0
General Government





52.0
Public Safety





53.0
Transportation - Streets





54.0
Transportation - All Other





55.0
Environmental Protection



45,98153,254
56.0
Econ. & Phys. Dev. - Housing/Community Dev





57.0
Econ. & Phys. Dev. - All Other33,55824,96118,3792,425
1,765
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 Safety2481,5831,7451,4752,1421,250
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 Fees





72.1
Amusements licensing and permit taxes





73.0
Other Permits





74.0SALES &Parking Revenues





75.0SERVICESRents and Royalties11,68811,84713,85111,10012,78411,713
76.0
Airport





77.0
Fire Protection Charges





78.0
Solid Waste9,6319,4158,2859,07913,58211,115
79.0
Ambulance and Rescue Squad Charges





80.0
Cemeteries





81.0
Recreation Service Revenues


7,29826,00822,029
82.0
Library Service Revenues





83.0
Other Cultural and Rec Service Revenues





84.0
Mass Transit - City Operated





85.0
Other Sales and Services1,9252,3212,524
1,23718,655
86.0UTILITYWater and Sewer Charges514,982589,052624,094548,316533,856518,470
87.0REVENUESElectric Charges





88.0
Gas Charges





88.1
Storm Water Fees





89.0MISC.Investment Earnings - Bond Proceeds





90.0REVENUESInvestment Earnings - All Other Funds5057699,38032,16133,71117,167
91.0
Special Assessments





92.0
Private Contributions and Donations


-7,8987179,615
93.0
Sales of Materials and Fixed Assets5,4201,6241,3912,12431,44316,898
94.0
Sale of Real Property



101,500
95.0
Nongovt Contr For Streets & Traffic Signals





96.0
ABC Mixed Drink Surcharge





97.0
ABC Profit Distribution





98.0
Other Miscellaneous Revenues7493161,95814,7331,90229,527
99.0
Proceeds of Sale of Bonds and Notes

85,000

14,647
100.0
Proceeds of Capital Leases/Install Purchases





101.0
Other





102.0NON-REVSchool - Current Levy Collections





103.0RECEIPTSPrior Years' Levy Collections





104.0
Tax Collections for Other Units





105.0
Utilities Customer's Deposits


2,130

106.0
Deposits Other than Utility





107.0
Prepaid Taxes


339

108.0
Prepaid Privilege Licenses





109APART 4Governing Body - Salaries & Wages



91,91022,364
109BGENERALGoverning Body - Other Direct



138,587
109CGOVTGoverning Body - Construction





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





110A
Administration - Salaries & Wages90,59399,22998,29390,390
36,159
110B
Administration - Other Direct181,638193,502208,216150,592
133,088
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 & Wages





112B
Finance - Other Direct





112C
Finance - Construction





112D
Finance - Purchase of P,P&E





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 & Wages





115B
Public Buildings - Other Direct





115C
Public Buildings - Construction





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





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 & Wages





117B
Central Services - Other Direct





117C
Central Services - Construction





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





118A
Gen. Govt. All Other - Salaries & Wages





118B
Gen. Govt. All Other - Other Direct





118C
Gen. Govt. All Other - Construction





118D
Gen. Govt. All Other - Purchase of P,P&E





119APUBLICPolice & Comm - Traffic Control - Salaries and Wages114,728145,023169,101154,804151,635185,650
119BSAFETYPolice & Comm - Traffic Control - Other Direct68,10990,138110,017110,263112,601137,902
119C
Police & Comm - Traffic Control - Construction





119D
Police & Comm - Traffic Control - Purchase of P,P&E



47,526
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 & Wages





122B
Fire - Other Direct





122C
Fire - Construction





122D
Fire - Purchase of P,P&E





123A
Inspectors - Salaries & Wages





123B
Inspectors - Other Direct





123C
Inspectors - Construction





123D
Inspectors - Purchase of P,P&E





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 & Wages47,58041,87846,11953,33766,50774,202
128B
Streets and Highways - Other Direct90,68678,029103,38386,42989,67189,562
128C
Streets and Highways - Construction





128D
Streets and Highways - Purchase of P,P&E
16,750



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 & Wages





130B
Powell Bill - Other Direct3,9483,05833,44364,98951,6087,573
130C
Powell Bill - Construction





130D
Powell Bill - Purchase of P,P&E





131A
Parking Facilities - Salaries & Wages





131B
Parking Facilities - Other Direct





131C
Parking Facilities - Construction





131D
Parking Facilities - Purchase of P,P&E





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 & Wages





136BMENTALSolid Waste - Other Direct25,53523,72427,14426,61325,11722,044
136CPROTECTIONSolid Waste - Construction


111,064261,851189,552
136D
Solid Waste - Purchase of P,P&E

100,539


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 & Wages





139B
Environ. All Other - Other Direct





139C
Environ. All Other - Construction





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





140AECONOMICPlanning & Zoning - Salaries & Wages





140B& PHYSICALPlanning & Zoning - Other Direct





140CDEVELOPPlanning & Zoning - Construction





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





141A
Economic Development - Salaries & Wages





141B
Economic Development - Other Direct





141C
Economic Development - Construction





141D
Economic Development - Purchase of P,P&E





142A
Community Development - Salaries & Wages





142B
Community Development - Other Direct





142C
Community Development - Construction


24,251-58619,055
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 & Wages


23,25432,19230,824
153BRECREATIONRecreation & Parks - Other Direct


17,76335,74335,059
153C
Recreation & Parks - Construction





153D
Recreation & Parks - Purchase of P,P&E





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 Direct





157C
Cult. & Recr. All Other - Construction





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





158AUTILITYWater & Sewer - Salaries & Wages83,193179,943177,668175,703177,887201,677
158B
Water & Sewer - Other Direct 267,663232,233253,589234,487245,933194,987
158C
Water & Sewer - Construction





158D
Water & Sewer - Purchase of P,P&E




13,828
159A
Electric Power - Salaries & Wages





159B
Electric Power - Other Direct





159C
Electric Power - Construction





159D
Electric Power - Purchase of P,P&E





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 & Fees43,77344,69945,58046,51847,51149,031
161DSERVICEWater & Sewer - Principal21,50020,50019,50022,29322,79434,416
162B
Electric - Interest & Fees





162D
Electric - Principal





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 & Fees2,3153,0352625179192,248
166D
All Other - Principal20,86520,1458,1757,92112,99833,709
167BPENSIONDirect Benefit Program - Other Direct





168BFRINGEFringe Benefits Unallocated





169B
Separation Allowance - Law Enforcement5,1545,1635,871


170B
Separation Allowance - Other Employees





171B
Supplemental Retirement - Law Enforcement4,0195,3126,0945,1775,3637,765
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





174A
Gen Gov Activities Shared W/ Cnty - Recipient





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





174C
Gen Gov Activities Shared W/ Cnty - Amount





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 vehicles316,297.359,377.00372,025.00403,109.00410,890.00353,095.00
180.0
Current year's levy -- Motor vehicles (only)12,061.15,520.0016,420.0018,242.0018,639.0018,649.00
181.0PART 6Uncollected Taxes - Current Year's Levy Except Mot Veh29,911.35,068.0024,205.008,269.0019,604.0031,965.00
182.0OTHERUncollected Taxes - CY Levy -Motor Vehicles2,2683,2923,6924,2684,1513,893
183.0DATAPercentage of Taxes Collected - All Property %90.2089.7792.8297.0294.4790.35
184.0DATAPercentage of Taxes Collected - Exclude Motor Vehicles%90.5490.2493.4997.9595.2390.95
185.0
Percentage of Taxes Collected - Motor Vehicles %81.2078.7977.5276.6077.7379.12
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 Other1,807,1171,596,6361,344,3741,128,269837,543526,251
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 Revenues1,353,3021,458,3921,632,7201,713,0601,944,2021,686,596
194BFISCALAmount - Subtract Refunding Bond Proceeds





194CSUMMARYAmount - Subtract Interfund Transfers In




3,866
194D
Amount - Net Revenues1,353,3021,458,3921,632,7201,713,0601,944,2021,682,730


Calculated amount1,353,3021,458,3921,632,7201,713,0601,944,2021,682,730


Amounts in AGREEMENT??YesYesYesYesYesYes


Difference





195A
Amount - Total Expenditures1,071,2991,202,3611,412,9941,406,3651,617,7671,524,561
195B
Amount - Subtract Pymts. to Refunded Debt Agent





195C
Amount - Subtract Interfund Transfers Out




3,866
195D
Amount - Net Expenditures1,071,2991,202,3611,412,9941,406,3651,617,7671,520,695


Calculated amount1,071,2991,202,3611,412,9941,406,3651,617,7671,520,695


Amounts in AGREEMENT??YesYesYesYesYesYes


Difference














401APart 10Number of residential accounts billed Water



2,500
401BWater /Number of residential accounts billed Sewer



2,500
402ASewer Amount processed and/or purchased in units Water119131114,538139,908139,182,000
402BOperationsAmount processed and/or purchased in units Sewer7811098,29395,68210,215,000
403A
Total amount billed in units - Water736264,15553,058,203,00052,132,000
403B
Total amount billed in units - Sewer638285,26769,361,671,00061,155,000
404A
Of the total in 403A above how many units were Residential W272527,47427,337,203,00027,643,000
404B
Of the total in 403B above how many units were Residential S181516,98716,767,168,00016,582,000
405A
Of the total in 403 above, how many units were Outside Muni W



9,014,000
405B
Of the total in 403 above, how many units were Outside Muni S



410
406A
Of the total in 405A above how many units were Residential W



9,014,000
406B
Of the total in 405B above how many units were Residential S



410
407A
Of the total in 403A, how many units were sold for redistribution





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





408A
Dollars related to 403A above263,034214,422277,886260,153233,934
408B
Dollars related to 403B above251,145293,199552,871280,580210,156
409A
Dollars related to 404A above101,58598,005107,701111,157153,990
409B
Dollars related to 404B above57,62656,72664,12072,43783,540
410A
Dollars related to 405A above



73,869
410B
Dollars related to 405B above



4,652
411A
Dollars related to 406A above



73,869
411B
Dollars related to 406B above



4,652
412A
Dollars related to 407A above





412B
Dollars related to 407B above





421A
Number of residential accounts billed - Water668666665665

421B
Number of residential accounts billed - Sewer404403408403

422A
Number of non-residential & bulk accounts billed - Water10110178112

422B
Number of non-residential & bulk accounts billed - Sewer82827391

423A
Estimated percentage of accounts outside of municipal limits
































950.0
OfficialRenee' Taylor

951.0
TitleFinance Officer

952.0
Date10/31/201110/31/201010/31/200910/31/200810/31/200710/31/2006
953.0
ContactRenee' Taylor

954.0
TitleFinance Officer

955.0
Phone828-668-4244




956.0
Fax828-668-2007




957.0
E-Mail:


















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Key Ratios and Operations Statistics of Water and Sewer Systems for



Town of Old Fort













201120102009200820072006








Population
909983982976972968
Population Group
No Electric 500 to 999 No Electric 500 to 999 No Electric 500 to 999 No Electric 500 to 999 No Electric 500 to 999 No Electric 500 to 999
Total Operating Revenues
$514,982589,052624,094548,316533,856518,469
Total Operating Revenues Per Capita
$567599636562549536
Group Weighted Average Revenues Per Capita545516493499500409
State Weighted Average Revenues Per Capita404384353365367356








% to Total Operating Revenues






Operating Expenses
106.91%105.31%102.97%101.91%108.50%104.93%
Group Weighted Average
104.59%112.05%114.37%112.83%101.58%107.63%
State Weighted Average
82.59%85.08%89.86%86.70%82.47%81.57%








Operating Margin
-6.91%-5.31%-2.97%-1.91%-8.50%-4.93%
Group Weighted Average
-4.59%-12.05%-14.37%-12.83%-1.58%-7.63%
State Weighted Average
17.41%14.92%10.14%13.30%17.53%18.43%








Operating Transfers In
0.00%0.00%0.00%0.00%0.00%0.00%
Group Weighted Average
2.83%7.08%6.40%4.60%6.19%6.31%
State Weighted Average
0.85%1.71%1.26%1.45%1.20%1.83%








Operating Transfers Out
0.00%0.00%0.00%0.00%0.00%0.00%
Group Weighted Average
1.63%1.71%1.34%3.82%3.69%4.76%
State Weighted Average
1.89%1.79%2.55%3.08%1.94%2.63%








Net Income before capital contributions
-15.22%-12.79%-9.33%-5.19%-14.39%-12.75%
Group Weighted Average
2.16%-3.28%-5.73%-13.81%1.28%-1.87%
State Weighted Average
8.52%7.13%-10.44%7.19%11.65%9.59%








Key Ratios and Cash Flow














Quick Ratio
12.1810.488.185.702.671.82
Group Weighted Average
3.643.493.292.992.813.48
State Weighted Average
3.483.202.812.962.902.82








Days Sales in Receivables
95.174.863.460.776.176.5
Group Weighted Average
77.370.269.862.264.969.8
State Weighted Average
54.458.958.655.260.057.8








Days Cash on Hand
534.8372.5274.2178.991.254.1
Group Weighted Average
434.0392.0405.4372.3386.8391.1
State Weighted Average
505.4465.8424.9457.2497.5457.2








Cash flow from Operations
$153,831166,170180,777142,01199,722123,154








Debt to Equity
0.140.140.140.140.140.15
Group Weighted Average
0.110.130.140.150.160.17
State Weighted Average
0.600.600.570.560.560.52








Debt per Capita
1,0489911,0131,0391,1521,096
Group Weighted Average
553600641621654612
State Weighted Average
1,2821,2531,1291,1391,101988








Capital Expenditures:
201120102009200820072006


$0000013,828










2005200420032002



$008,63486,855









Capital Contributions: Excluded from income above
$000105,752264,991163,899
















Operating Statistics














Estimated population of the areas served Water00002,500NA
Estimated population of the areas served Sewer00002,500NA








Number of Gallons of Water Processed (000) omitted119131114,538139,908139,182,000NA
Number of Gallons of Sewage Processed (000) omitted7811098,29395,68210,215,000NA








Number of Gallons of Water Billed (000) omitted736264,15553,058,203,00052,132,000NA
Number of Gallons of Sewage Billed (000) omitted638285,26769,361,671,00061,155,000NA








Ratio of Water Billed to Water Processed0.610570.472490.56012379236.376760.37456NA
Ratio of Sewage Billed to Sewage Processed0.808400.749380.86748724918.699445.98678NA








Total Revenue from Water Sales263,034214,422277,886260,153233,934NA
Total Revenue from Sewage Sales251,145293,199552,871280,580210,156NA








Water Revenue per 1000 gallons of Sales




93.57360NA
Sewage Revenue per 1000 gallons of Sales




84.06240NA








Group Average Sales per thousand Gallons Water$0.00336$24.76610$28.47236$12,972.02948$5,350.70834NA
Group Average Sales per thousand Gallons Sewage$0.00971$42.19716$44.32771$10,951.56798$3,952.35744NA








State Average Sales per thousand Gallons Water$0.00336$24.76610$28.47236$12,972.02948$5,350.70834NA
State Average Sales per thousand Gallons Sewage$0.00971$42.19716$44.32771$10,951.56798$3,952.35744NA








Residential Water Sales per thousand Gallons$3,784.836073,990.431603.920110.000000.00557NA
Residential Sewage Sales per thousand Gallons$3,248.365283,877.375263.774650.000000.00504NA








Water Sales per thousand Gallons outside Municipal Limits



0.00819NA
Sewage Sales per thousand Gallons outside Municipal Limits



11.34634NA








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




Financial Graphs and Comparisons


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Analysis of Available Fund Balance:  General Fund

20072008200920102011
Unit's FBA %97.25%116.69%122.52%160.98%205.55%
Group average FBA %100.61%88.62%103.17%100.33%113.42%
State average Electric/Non Electric Group FBA %37.39%36.66%37.89%38.70%41.07%
State average FBA %36.54%36.34%100.61%37.47%39.53%






Municipal Population Group: No Electric 500 to 999

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Analysis of Property Tax

20072008200920102011
Municipality94.47%97.02%92.82%89.77%90.20%
Pop. Group96.02%96.16%95.59%94.20%89.13%
Statewide97.58%97.56%97.34%97.35%97.42%






Municipal Population Group: No Electric 500 to 999






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Analysis of General Obligation Debt

20072008200920102011
Municipality1,0631,0391,0139911,048
Pop. Group212215200193178
Statewide478456455449450






Municipal Population Group: 500 to 999






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Analysis of Revenue

20072008200920102011
Property Tax$426467376351348
Utility549562636599567
Sales Tax222222213153152
Sales & Services5528252426
Intergovernmental546430310351386
Debt Proceeds008700
Other Miscellaneous2024616610
Total$2,0001,7551,6631,4841,489

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Analysis of Revenue for Fiscal 2011











2011
2011
CategoryRevenue
Per Capita
Property Tax$316,656
$348
Water/Sewer514,982
567
Electric0
0
Other Utilities0
0
Sales Tax138,521
152
Sales & Services23,244
26
Intergovernment351,022
386
Debt Proceeds0
0
Miscellaneous8,877
10
Total$1,353,302
$1,489





Municipal Population Group: No Electric 500 to 999





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Analysis of Expenditures by Function for Fiscal 2011











2011
2011
CategoryExpenditures
Per Capita
General Government$272,231
$301
Water/Sewer350,856
386
Electric0
0
Other Utilities0
0
Debt Service88,453
97
Transportation142,214
156
Public Safety192,010
211
Other25,535
28
Total$1,071,299
$1,179





Municipal Population Group: No Electric 500 to 999





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Analysis of Expenditures by Object for Fiscal 2011






2011
2011
CategoryExpenditures
Per Capita
Salaries & Wages$336,094
$370
Water/Sewer Capital0
0
Electric Capital0
0
Capital Outlay0
0
Other Operating735,205
809
Total$1,071,299
$1,179





Municipal Population Group: No Electric 500 to 999






Last Updated 6/15/2012 11:28:29 AM