North Carolina
Department of State Treasurer
Financial Information
Town of Tryon



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 Polk County Map Page

The AFIR report that was due 10/31/2011 has not been received as of 06/12/2012The audit report that was due 10/31/2011 has not been received as of 06/12/2012


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$0 $1,201,901 $1,174,998 $1,173,519 $887,388 $855,711


Utility - 1,639,752 1,657,120 1,530,377 1,467,340 1,391,565


Sales Tax - 210,457 278,361 354,513 337,222 312,973


Sales & Services - 324,639 323,849 336,175 302,196 304,984


Intergovernmental - 1,281,019 302,396 265,072 737,542 421,894


Debt Proceeds - 2,114,949 487,405 34,445 437,045 536,995


Other Miscellaneous - 83,785 58,698 105,762 388,740 329,052


Total$0 6,856,502 4,282,827 3,799,863 4,557,473 4,153,174










Expenditures by Function







Utility$0 3,534,671 1,644,616 1,294,742 1,612,039 1,719,856


Debt Service - 595,711 331,657 329,865 353,563 319,924


Transportation - 353,855 310,500 372,970 586,978 574,718


General Government - 390,665 459,396 511,771 338,216 252,450


Public Safety - 900,267 1,284,698 862,051 851,605 833,429


Other - 582,587 659,821 628,158 538,750 887,588


Total$0 6,357,756 4,690,688 3,999,557 4,281,151 4,587,965










Expenditures by Object







Salaries & Wages$0 1,567,760 1,757,212 1,715,245 1,879,885 1,858,580


Capital Outlay - 2,285,951 1,168,103 358,985 556,001 1,141,416


Other Operating + Debt Service - 2,504,045 1,765,373 1,925,327 1,845,265 1,587,969


Total$0 6,357,756 4,690,688 3,999,557 4,281,151 4,587,965



















Per Capita Revenues by Source







Property Tax$0 676 669 666 501 483


Utility - 923 943 868 828 786


Sales Tax - 118 160 200 189 177


Sales & Services - 183 184 191 170 172


Intergovernmental - 721 172 150 416 238


Debt Proceeds - 1,190 277 20 247 303


Other Miscellaneous - 47 33 60 219 186


Total$0 3,858 2,438 2,155 2,570 2,345










Per Capita Expenditures by Function







Utility$0 1,989 936 734 909 971


Debt Service - 335 189 187 199 181


Transportation - 199 177 212 331 325


General Government - 220 261 291 192 142


Public Safety - 507 731 489 480 471


Other - 328 376 356 304 501


Total$0 3,578 2,670 2,269 2,415 2,591










Per Capita Expenditures by Object







Salaries & Wages$0 882 1,000 973 1,060 1,049


Capital Outlay - 1,286 665 204 314 645


Other Operating - 1,410 1,005 1,092 1,041 897


Total$0 3,578 2,670 2,269 2,415 2,591










Population GroupNo Electric 1,000 to 2,499 No Electric 1,000 to 2,499 No Electric 1,000 to 2,499 No Electric 1,000 to 2,499 No Electric 1,000 to 2,499 No Electric 1,000 to 2,499


Number of Municipalites in Group 103 96 100 101 101 103


Average Population In Group 1,619 1,660 1,652 1,661 1,642 1,638


Town of Tryon Population 1,652 1,777 1,757 1,763 1,773 1,771

Group Average Per Capita Revenues by Source







Property Tax 449 410422406369348


Utility 479 421427415423391


Sales Tax 160 151177199195179


Sales & Services 110 8784827672


Intergovernmental 271 238239222221246


Debt Proceeds 41 747512969170


Other Miscellaneous 139 106146192196160


Total 1,649 1,4871,5701,6451,5491,566










Group Average Per Capita Expenditures by Function







Utility 497 492531572461487


Debt Service 154 127154126110108


Transportation 145 141148140142131


General Government 241 202216265201222


Public Safety 397 345350384346326


Other 207 178201203206205


Total 1,641 1,4851,6001,6901,4661,479










Group Average Per Capita Expenditures by Object







Salaries & Wages 537 462480450427402


Capital Outlay 258 255302483305373


Other Operating 846 768818757733704


Total 1,641 1,4851,6001,6901,4651,479


















General Fund
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201120102009200820072006

General Fund revenues
1,385,933 1,395,179 1,497,178 1,586,325 1,490,371

General Fund expenditures
1,506,131 1,657,758 1,719,035 1,604,929 1,504,028

Operating transfers in
193,429 178,429 172,398 427,457 -

Operating transfers out
65,000 50,000 30,060 30,060 447,538

Capital leases and installment purchase proceeds
25,239 24,000 13,919 1,101 120,525

Other items
3,526 8,104 - - 5,700

Excess of revenues and other sources over (under) expenditures and other uses
36,996 (102,046) (65,600) 379,894 (334,970)










Fund balance available (FBA):







In dollars
281,363 270,772 344,161 350,219 153,092


FBA as a % of GF Net Expenditures:







Unit's FBA %
18.2016.0819.8321.438.36


Group weighted average FBA %64.1466.7966.0562.4565.4864.58


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, Sanitation













Combined financial results:







Working capital
150,746 (771,724) (536,056) 19,081 (115,601)


Quick ratio
1.10 0.34 0.31 0.98 0.57


Net income
958,305 177,145 (125,362)(408,109)(231,762)


Cashflow from operations
479,227 572,698 462,060 102,447 128,771


Depreciation & Amortization Expense
168,015 234,559 358,702 342,132 471,980


























Cash, Investments and Financing
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201120102009200820072006











Population at July 1st of the Previous Year1,6521,7771,7571,7631,7731,771


Population GroupNo Electric 1,000 to 2,499 No Electric 1,000 to 2,499 No Electric 1,000 to 2,499 No Electric 1,000 to 2,499 No Electric 1,000 to 2,499 No Electric 1,000 to 2,499


Cash &Investments$0 $797,780 $657,691 $641,673 $761,932 $500,589


Investment Earnings0 639 3,913 27,745 25,773 34,810


Tax Rate Equivalent0.00000.00040.00280.01990.01900.0261


Tax Rate Equivalent Group weighted average0.00340.00480.01310.02610.04090.0283


Tax Rate Equivalent Statewide weighted average0.03170.02470.01330.05240.09200.0573


Latest year of Revaluation 200920092001200120012001


January 1, Prior Year Assessed Valuation$168,020,098 169,159,180 140,912,484 139,429,959 135,926,643 133,477,254


Tax Rate0.52580.51580.61750.61750.61750.6175


Tax Rate Group weighted average0.27490.29700.29830.28600.34240.3297


Tax Rate State Wide0.41220.40900.42620.42380.44500.4321


Assessment -to-Sales Ratio88.5787.8960.8062.1668.4275.60


Assessment -to-Sales Ratio Group weighted average100.8097.6986.7788.9479.9685.71


Assessment -to-Sales Ratio Statewide101.4798.2790.8188.5388.4192.28


Assessed Valuation Adjusted for Assesment to Sales Ratio$189,703,170 192,466,925 231,763,954 224,308,171 198,665,073 176,557,214


EffectiveTax Rate0.46570.45330.37540.38380.42250.4668


Group weighted average Effective Tax Rate0.27710.29010.25890.25440.27370.2826


Statewide weighted average Effective Tax Rate0.41830.40200.38700.37520.39340.3987


Percent Collected0.000094.460095.640097.150096.650096.3400


Percent Collected Group weighted average96.4195.3295.9996.8697.1896.94


Percent Collected Statewide97.4297.3597.3497.5697.5897.55


Percent Collected Excluding Motor Vehicles0.0095.0296.5398.0398.0997.78


Percent Collected Excluding Motor Vehicles Group weighted average97.0495.9296.6797.7898.0197.76


Percent Collected Excluding Motor Vehicles Statewide weighted average98.2598.2398.3098.6598.5998.61


Percent Collected Motor Vehicles Only 0.0087.3386.4988.6985.9085.00


Percent Collected Motor Vehicles Only Group weighted average84.2085.2184.6085.1686.0785.54


Percent Collected Motor Vehicles Only Statewide weighted average 86.4186.3886.5586.7486.7186.80


Tax Uncollected0 97,451 95,151 87,837 117,967 113,134


Tax Rate Equivalent0.00000.05760.06750.06300.08680.0848


Dominant County: Polk






Debt Information








Population Group1,000 to 2,4991,000 to 2,4991,000 to 2,4991,000 to 2,4991,000 to 2,4991,000 to 2,499


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$0 0 0 0 20,000 70,000


General Government GO Debt0 0 0 0 0 0


Total General Obligation Debt0 0 0 0 20,000 70,000


Per Capita$0 0 0 0 11 40


Total Per Capita for the Population Group236 256 265 277 294 297


Total Per Capita Statewide450 449 455 456 478 495


Total per Assessed Valuation Adjusted for Current Year Sales0.0000%0.0000%0.0000%0.0000%0.0101%0.0396%


Total per Assessed Valuation Adjusted for Current Year Sales- Group Average0.1642%0.1838%0.1750%0.1852%0.2336%0.2606%


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 Government49,600 62,000 74,400 86,800 99,200 111,600


Total*$49,600 62,000 74,400 86,800 99,200 111,600


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




Revenue Bond Debt $62,511 83,348 104,185 125,021 145,858 166,695


















Annual Financial Information Report Detail
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LineSectionDescription201120102009200820072006

Population at July 1st of the Previous Year Adjusted for Boundry Changes1,6521,7771,7571,7631,7731,771









1.5AFISCAL Governmental Activities Assets
3,647,1063,777,9553,465,8523,477,5793,057,292
1.5BSUMMARYGovernmental Activities Liabilities
732,023852,609477,259604,386747,838
3.5A
Business Type Activities Assets
7,404,3052,259,2381,822,4642,040,9482,159,407
3.5B
Business Type Activities Liabilties
5,611,6621,424,9001,165,2711,250,100960,450
6.5A
Fiduciary Funds Assets
24,47417,04222,921

6.5B
Fiduciary Funds Liabilties
24,47417,04222,921

10.0PART 2Current Collections of Unit -Wide Levy
1,165,4171,146,2561,145,050840,262810,150
11.0TAXCurrent Collections of Special Tax Districts



302,415265,851
12.0REVENUESPrior Years' Levy Collections
29,82323,80926,76543,15640,964
13.0
Penalties and Interest
6,6614,9331,7043,9704,597
14.0
Collections of Taxes Previously Written Off





15.0
Animal Tax





15.1
Solid Waste Disposal Tax
1,197820


16.0
1% Local Government Option Sales Tax
78,42784,766101,31490,29886,349
17.0
1/2% Local Government Option Sales Tax (40)
79,13083,97095,30593,37384,890
18.0
1/2% Local Government Option Sales Tax (42)
48,77983,53494,85492,98884,550
18.5
1/2% Local Government Option Sales Tax (44)
4,12126,09163,04060,56357,184
19.0
Privilege Licenses





19.2
Privilege -- All other privileges and pemits





20.0
Auto Licenses





21.0
Vehicle Tax for Public Transportation





22.0
Other Licenses
3,3233,8144,13820,30919,262
23.0
Local Occupancy Tax
14,05613,53218,85113,401
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.




3,509
29.0REVENUESGeneral Government





30.0
Public Safety


6,982
13,279
31.0
Transportation - Streets





32.0
Transportation - All Other





33.0
Environmental Protection





34.0
Econ. & Phys. Dev. - Housing/Comm. Dev.





35.0
Econ. & Phys. Dev. - All Other
839,029
22,590

36.0
Human Services: Health, Mental Hlt & Hosp
53,816



37.0
Human Services: All Other





38.0
Culture & Recreation





39.0STATEPayments In Lieu of Taxes - State





40.0INTERGOVUnauthorized Substance Tax




919
41.0REVENUESTransitional Hold Harmless
116,54259,91533,30433,37440,123
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
9,83610,46012,250

44.0
Utility Franchise Tax
104,362102,31998,263100,10881,734
45.0
Beer and Wine Tax
2,5067,9188,1678,0037,840
46.0
Powell Bill
65,80974,41783,51674,90576,437
50.0
Court Fees - Facilities and Arrest Fees
1,894


1,232
51.0
General Government





52.0
Public Safety

136
93,84513,410
53.0
Transportation - Streets



114,597101,641
54.0
Transportation - All Other





55.0
Environmental Protection
8,703



56.0
Econ. & Phys. Dev. - Housing/Community Dev
55,717



57.0
Econ. & Phys. Dev. - All Other
20,46328,372


58.0
Human Services -Health, Mental Health, Hosp





59.0
Human Services - All Other





60.0
Culture and Recreation



232,54037,824
61.0LOCALPayments in Lieu of Taxes - Local





62.0INTERGOVGeneral Government





63.0REVENUESPublic Safety




2,063
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
2,342



70.0
Culture and Recreation

18,859
80,17041,883
71.0PERMITS Building Permits
2,7603,585


72.0& FEESInspection Fees





72.1
Amusements licensing and permit taxes





73.0
Other Permits



6,921878
74.0SALES &Parking Revenues



2,098510
75.0SERVICESRents and Royalties
42,89047,30357,63349,53928,802
76.0
Airport





77.0
Fire Protection Charges




22,443
78.0
Solid Waste
202,983212,765217,074199,682195,926
79.0
Ambulance and Rescue Squad Charges





80.0
Cemeteries





81.0
Recreation Service Revenues
66,83048,58647,94538,32324,640
82.0
Library Service Revenues





83.0
Other Cultural and Rec Service Revenues





84.0
Mass Transit - City Operated





85.0
Other Sales and Services
11,93615,19513,52312,55432,663
86.0UTILITYWater and Sewer Charges
1,639,7521,657,1201,530,3771,467,3401,391,565
87.0REVENUESElectric Charges





88.0
Gas Charges





88.1
Storm Water Fees





89.0MISC.Investment Earnings - Bond Proceeds





90.0REVENUESInvestment Earnings - All Other Funds
6393,91327,74525,77334,810
91.0
Special Assessments





92.0
Private Contributions and Donations
28,09415,91439,560

93.0
Sales of Materials and Fixed Assets
4,22611,629
7,6015,700
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

5,49115,468
2,551
98.0
Other Miscellaneous Revenues
29,490

12,320
99.0
Proceeds of Sale of Bonds and Notes





100.0
Proceeds of Capital Leases/Install Purchases
2,114,949487,40534,445437,045536,995
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

353109,748
4,662
106.0
Deposits Other than Utility





107.0
Prepaid Taxes





108.0
Prepaid Privilege Licenses





109APART 4Governing Body - Salaries & Wages
12,60013,749
13,0029,600
109BGENERALGoverning Body - Other Direct
17,6907,22969,83829,6818,027
109CGOVTGoverning Body - Construction





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





110A
Administration - Salaries & Wages
213,793185,614212,970224,686218,007
110B
Administration - Other Direct
146,582158,773173,12270,84716,816
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

94,03147,630

114C
Legal - Construction





114D
Legal - Purchase of P,P&E


8,211

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 Wages
389,056380,307371,092456,631433,263
119BSAFETYPolice & Comm - Traffic Control - Other Direct
179,795179,546190,84275,205185,684
119C
Police & Comm - Traffic Control - Construction





119D
Police & Comm - Traffic Control - Purchase of P,P&E
26,21324,68713,29313,447
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
68,68079,69876,13483,91579,181
122B
Fire - Other Direct
213,788119,695134,627199,246120,590
122C
Fire - Construction





122D
Fire - Purchase of P,P&E

478,03057,2985,513
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 & Wages
116,418118,121120,561154,663176,045
128B
Streets and Highways - Other Direct
153,327143,541161,938120,25673,686
128C
Streets and Highways - Construction
55,718

189,60187,672
128D
Streets and Highways - Purchase of P,P&E

20,56328,088
160,878
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 Direct
28,39228,27562,383122,45876,437
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
104,189153,689151,171149,840143,799
136BMENTALSolid Waste - Other Direct
110,91948,82371,37760,48356,597
136CPROTECTIONSolid Waste - Construction





136D
Solid Waste - Purchase of P,P&E





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
108,716145,012113,69932,78744,101
140CDEVELOPPlanning & Zoning - Construction





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





141A
Economic Development - Salaries & Wages





141B
Economic Development - Other Direct
24,1708,2014,500635
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





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
105,296112,297115,876107,153101,804
153BRECREATIONRecreation & Parks - Other Direct
119,907114,163110,07186,17075,785
153C
Recreation & Parks - Construction



62,91930,637
153D
Recreation & Parks - Purchase of P,P&E
9,39077,63661,46425,462427,570
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 & Wages
557,728713,737667,441689,995696,881
158B
Water & Sewer - Other Direct
782,313363,692436,670662,985588,316
158C
Water & Sewer - Construction

530,721181,042

158D
Water & Sewer - Purchase of P,P&E
2,194,63036,4669,589259,059434,659
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 & Fees
22,54534,11539,12641,24123,037
161DSERVICEWater & Sewer - Principal
421,782113,496132,470148,643161,379
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 & Fees
25,87114,03017,65222,55521,343
166D
All Other - Principal
125,513170,016140,617141,124114,165
167BPENSIONDirect Benefit Program - Other Direct





168BFRINGEFringe Benefits Unallocated





169B
Separation Allowance - Law Enforcement





170B
Separation Allowance - Other Employees





171B
Supplemental Retirement - Law Enforcement
22,73522,73518,76517,64814,711
172B
Fringe Benefits Other



13,3017,295
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 vehicles.758,981.00721,132.00712,756.00771,370.00758,504.00
180.0
Current year's levy -- Motor vehicles (only).59,622.0070,110.0073,777.00103,213.0096,308.00
181.0PART 6Uncollected Taxes - Current Year's Levy Except Mot Veh.37,829.0025,041.0014,060.0014,754.0016,826.00
182.0OTHERUncollected Taxes - CY Levy -Motor Vehicles
7,5569,4738,34314,55214,446
183.0DATAPercentage of Taxes Collected - All Property %0.0094.4695.6497.1596.6596.34
184.0DATAPercentage of Taxes Collected - Exclude Motor Vehicles%0.0095.0296.5398.0398.0997.78
185.0
Percentage of Taxes Collected - Motor Vehicles %0.0087.3386.4988.6985.9085.00
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 Other
797,780657,691641,673761,932500,589
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 Revenues
6,856,5024,282,8274,012,3215,002,1194,600,712
194BFISCALAmount - Subtract Refunding Bond Proceeds





194CSUMMARYAmount - Subtract Interfund Transfers In


212,458444,646447,538
194D
Amount - Net Revenues
6,856,5024,282,8273,799,8634,557,4734,153,174


Calculated amount
6,856,5024,282,8273,799,8634,557,4734,153,174


Amounts in AGREEMENT??YesYesYesYesYesYes


Difference





195A
Amount - Total Expenditures
6,357,7564,690,6884,212,0154,725,7975,035,503
195B
Amount - Subtract Pymts. to Refunded Debt Agent





195C
Amount - Subtract Interfund Transfers Out


212,458444,646447,538
195D
Amount - Net Expenditures
6,357,7564,690,6883,999,5574,281,1514,587,965


Calculated amount
6,357,7564,690,6883,999,5574,281,1514,587,965


Amounts in AGREEMENT??YesYesYesYesYesYes


Difference














401APart 10Number of residential accounts billed Water



1,889
401BWater /Number of residential accounts billed Sewer



752
402ASewer Amount processed and/or purchased in units Water
118,382,029159,199102,465115,147
402BOperationsAmount processed and/or purchased in units Sewer

226,23965,18285,096
403A
Total amount billed in units - Water
89,449,70091,82298,897108,967
403B
Total amount billed in units - Sewer
57,322,90063,89465,09984,946
404A
Of the total in 403A above how many units were Residential W
87,067,30084,34690,54897,888
404B
Of the total in 403B above how many units were Residential S
39,740,20039,64538,92945,125
405A
Of the total in 403 above, how many units were Outside Muni W



47,506
405B
Of the total in 403 above, how many units were Outside Muni S



1,770
406A
Of the total in 405A above how many units were Residential W



47,506
406B
Of the total in 405B above how many units were Residential S



1,770
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 above
1,103,6971,114,3451,012,367946,492
408B
Dollars related to 403B above
507,867527,038469,118478,047
409A
Dollars related to 404A above
1,088,7001,095,640973,795286,831
409B
Dollars related to 404B above
469,537470,918345,352394,423
410A
Dollars related to 405A above

1
614,733
410B
Dollars related to 405B above



21,325
411A
Dollars related to 406A above



901,564
411B
Dollars related to 406B above



21,325
412A
Dollars related to 407A above





412B
Dollars related to 407B above





421A
Number of residential accounts billed - Water
1,9091,925867

421B
Number of residential accounts billed - Sewer
973764742

422A
Number of non-residential & bulk accounts billed - Water
441,043

422B
Number of non-residential & bulk accounts billed - Sewer
4431

423A
Estimated percentage of accounts outside of municipal limits
11





























950.0
OfficialWill Crook

951.0
TitleTown Accountant

952.0
Date





953.0
ContactWill Crook

954.0
TitleTown Accountant

955.0
Phone828-859-6654




956.0
Fax828-859-6653




957.0
E-Mail:


















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Key Ratios and Operations Statistics of Water and Sewer Systems for



Town of Tryon













201120102009200820072006








Population
1,6521,7771,7571,7631,7731,771
Population Group
No Electric 1,000 to 2,499 No Electric 1,000 to 2,499 No Electric 1,000 to 2,499 No Electric 1,000 to 2,499 No Electric 1,000 to 2,499 No Electric 1,000 to 2,499
Total Operating Revenues

1,629,7801,657,1201,530,3771,467,3401,405,891
Total Operating Revenues Per Capita

917943868828794
Group Weighted Average Revenues Per Capita540511491492485464
State Weighted Average Revenues Per Capita404384353365367356








% to Total Operating Revenues






Operating Expenses

82.22%79.16%96.15%115.67%123.95%
Group Weighted Average
98.67%103.53%104.32%100.84%98.61%97.18%
State Weighted Average
82.59%85.08%89.86%86.70%82.47%81.57%








Operating Margin

17.78%20.84%3.85%-15.67%-23.95%
Group Weighted Average
1.33%-3.53%-4.32%-0.84%1.39%2.82%
State Weighted Average
17.41%14.92%10.14%13.30%17.53%18.43%








Operating Transfers In

0.61%0.60%0.65%0.00%9.07%
Group Weighted Average
2.39%9.32%5.23%5.30%2.84%3.65%
State Weighted Average
0.85%1.71%1.26%1.45%1.20%1.83%








Operating Transfers Out

9.20%9.05%9.46%8.69%0.00%
Group Weighted Average
2.00%1.97%5.24%2.83%2.13%9.41%
State Weighted Average
1.89%1.79%2.55%3.08%1.94%2.63%








Net Income before capital contributions

7.82%10.64%-7.82%-26.98%-14.80%
Group Weighted Average
-9.48%1.18%-23.75%1.30%-0.96%-2.72%
State Weighted Average
8.52%7.13%-10.44%7.19%11.65%9.59%








Key Ratios and Cash Flow














Quick Ratio

0.900.340.310.980.57
Group Weighted Average
3.563.373.102.843.253.58
State Weighted Average
3.483.202.812.962.902.82








Days Sales in Receivables
N/A22.221.813.621.218.4
Group Weighted Average
46.851.444.147.945.844.0
State Weighted Average
54.458.958.655.260.057.8








Days Cash on Hand

133.185.550.755.535.2
Group Weighted Average
358.6346.3349.2373.6497.2407.8
State Weighted Average
505.4465.8424.9457.2497.5457.2








Cash flow from Operations

479,227572,698462,060102,447128,771








Debt to Equity

2.470.871.301.240.59
Group Weighted Average
0.260.280.280.310.280.28
State Weighted Average
0.600.600.570.560.560.52








Debt per Capita

2,579439501564402
Group Weighted Average
834871824898782740
State Weighted Average
1,2821,2531,1291,1391,101988








Capital Expenditures:
201120102009200820072006


$02,194,630567,187190,631259,059434,659










2005200420032002



$124,202106,75710,286211,783









Capital Contributions: Excluded from income above
$0839,0290000
















Operating Statistics














Estimated population of the areas served Water00001,889NA
Estimated population of the areas served Sewer0000752NA








Number of Gallons of Water Processed (000) omitted0118,382,029159,199102,465115,147NA
Number of Gallons of Sewage Processed (000) omitted00226,23965,18285,096NA








Number of Gallons of Water Billed (000) omitted089,449,70091,82298,897108,967NA
Number of Gallons of Sewage Billed (000) omitted057,322,90063,89465,09984,946NA








Ratio of Water Billed to Water Processed
0.755600.576770.965180.94633NA
Ratio of Sewage Billed to Sewage Processed

0.282420.998730.99824NA








Total Revenue from Water Sales00000NA
Total Revenue from Sewage Sales0507,867527,038469,118478,047NA








Water Revenue per 1000 gallons of Sales




0.00000NA
Sewage Revenue per 1000 gallons of Sales




635.70080NA








Group Average Sales per thousand Gallons Water$0.00015$58.03901$27.87923$1,769.81984$14,046.04813NA
Group Average Sales per thousand Gallons Sewage$0.00021$70.05637$30.85954$824.88077$6,790.60081NA








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$0.000000.0125012.9898310.754462.93020NA
Residential Sewage Sales per thousand Gallons$0.000000.0118211.878378.871338.74068NA








Water Sales per thousand Gallons outside Municipal Limits$0.00000


12.94011NA
Sewage Sales per thousand Gallons outside Municipal Limits$0.00000


12.04802NA








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

20062007200820092010
Unit's FBA %8.36%21.43%19.83%16.08%18.20%
Group average FBA %64.58%65.48%62.45%66.05%66.79%
State average Electric/Non Electric Group FBA %37.38%37.39%36.66%37.89%38.70%
State average FBA %36.96%36.54%64.58%37.03%37.47%






Municipal Population Group: No Electric 1,000 to 2,499

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Analysis of Property Tax

20062007200820092010
Municipality96.34%96.65%97.15%95.64%94.46%
Pop. Group96.94%97.18%96.86%95.99%95.32%
Statewide97.55%97.58%97.56%97.34%97.35%






Municipal Population Group: No Electric 1,000 to 2,499






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Analysis of General Obligation Debt

20072008200920102011
Municipality110000
Pop. Group294277265256236
Statewide478456455449450






Municipal Population Group: 1,000 to 2,499






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Analysis of Revenue

20062007200820092010
Property Tax$483501666669676
Utility786828868943923
Sales Tax177189200160118
Sales & Services172170191184183
Intergovernmental238416150172721
Debt Proceeds303247202771,190
Other Miscellaneous186219603347
Total$2,3452,5702,1552,4383,858

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Analysis of Revenue for Fiscal 2011











2010
2010
CategoryRevenue
Per Capita
Property Tax$1,201,901
$676
Water/Sewer1,639,752
923
Electric0
0
Other Utilities0
0
Sales Tax210,457
118
Sales & Services324,639
183
Intergovernment1,281,019
721
Debt Proceeds2,114,949
1,190
Miscellaneous83,785
47
Total$6,856,502
$3,858





Municipal Population Group: No Electric 1,000 to 2,499





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Analysis of Expenditures by Function for Fiscal 2011











2010
2010
CategoryExpenditures
Per Capita
General Government$390,665
$220
Water/Sewer3,534,671
1,989
Electric0
0
Other Utilities0
0
Debt Service595,711
335
Transportation353,855
199
Public Safety900,267
507
Other582,587
328
Total$6,357,756
$3,578





Municipal Population Group: No Electric 1,000 to 2,499





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Analysis of Expenditures by Object for Fiscal 2011






2010
2010
CategoryExpenditures
Per Capita
Salaries & Wages$1,567,760
$882
Water/Sewer Capital2,194,630
1,235
Electric Capital0
0
Other Capital91,321
51
Other Operating2,504,045
1,410
Total$6,357,756
$3,578





Municipal Population Group: No Electric 1,000 to 2,499






Last Updated 6/15/2012 11:38:14 AM