North Carolina
Department of State Treasurer
Financial Information
Town of Walnut Cove



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 Stokes 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$408,878 $407,289 $383,412 $387,774 $379,477 $396,495


Utility 552,538 527,752 520,096 540,233 437,172 466,111


Sales Tax 87,303 100,634 137,237 165,390 172,855 152,677


Sales & Services 151,398 150,467 106,487 83,194 75,848 69,864


Intergovernmental 177,358 161,075 190,436 279,557 175,184 165,920


Debt Proceeds - - - 675,120 - -


Other Miscellaneous 130,655 112,072 475,245 122,569 99,407 76,303


Total$1,508,130 1,459,289 1,812,913 2,253,837 1,339,943 1,327,370










Expenditures by Function







Utility$469,276 431,124 461,806 467,557 390,392 413,360


Debt Service 137,237 134,413 323,363 88,342 88,296 97,808


Transportation 114,717 49,527 74,058 223,304 73,038 156,343


General Government 241,847 294,628 386,014 329,937 239,578 252,066


Public Safety 451,186 409,264 452,922 428,010 412,749 330,790


Other 166,996 171,245 354,975 792,825 143,367 107,231


Total$1,581,259 1,490,201 2,053,138 2,329,975 1,347,420 1,357,598










Expenditures by Object







Salaries & Wages$546,110 527,108 536,240 463,138 444,194 434,377


Capital Outlay 27,689 1,710 327,651 853,641 65,466 111,110


Other Operating + Debt Service 1,007,460 961,383 1,189,247 1,013,196 837,760 812,111


Total$1,581,259 1,490,201 2,053,138 2,329,975 1,347,420 1,357,598



















Per Capita Revenues by Source







Property Tax$286 256 242 247 242 254


Utility 386 332 328 344 278 299


Sales Tax 62 63 86 106 110 99


Sales & Services 106 95 67 53 48 45


Intergovernmental 124 101 120 178 112 106


Debt Proceeds - - - 430 - -


Other Miscellaneous 91 71 299 78 63 49


Total$1,055 918 1,142 1,436 853 852










Per Capita Expenditures by Function







Utility$328 271 291 298 249 265


Debt Service 96 85 204 56 56 63


Transportation 80 31 47 142 47 100


General Government 169 185 243 211 152 162


Public Safety 316 258 285 273 263 212


Other 117 108 224 505 91 69


Total$1,106 938 1,294 1,485 858 871










Per Capita Expenditures by Object







Salaries & Wages$382 332 338 295 283 279


Capital Outlay 19 1 206 544 42 71


Other Operating 705 605 750 646 533 521


Total$1,106 938 1,294 1,485 858 871










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 Walnut Cove Population 1,430 1,589 1,587 1,569 1,570 1,558

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$914,771 889,866 1,247,960 988,563 841,033 815,853

General Fund expenditures 1,023,708 970,702 1,502,995 1,774,076 868,732 846,430

Operating transfers in 95,500 52,250 44,150 10,000 13,890 -

Operating transfers out 40,000 - - 115,000 - -

Capital leases and installment purchase proceeds - - - 675,120 - -

Other items - - - - - -

Excess of revenues and other sources over (under) expenditures and other uses (53,437) (28,586) (210,885) (215,393) (13,809) (30,577)










Fund balance available (FBA):







In dollars$248,878 310,182 291,323 508,011 756,573 780,240


FBA as a % of GF Net Expenditures:







Unit's FBA %23.4031.9519.3841.8587.0992.18


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













Combined financial results:







Working capital$160,849 163,256 188,904 219,856 205,682 202,935


Quick ratio2.82 3.08 3.74 3.54 4.07 3.57


Net income(106,525)(131,195)(99,928)(69,896)(123,856)(30,201)


Cashflow from operations79,704 74,580 62,059 125,423 16,172 145,097


Depreciation & Amortization Expense125,883 130,892 129,059 140,453 149,419 154,251


























Cash, Investments and Financing
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201120102009200820072006











Population at July 1st of the Previous Year1,4301,5891,5871,5691,5701,558


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$631,755 $678,738 $652,932 $940,992 $1,070,306 $1,100,822


Investment Earnings4,295 6,264 14,681 46,824 39,288 26,901


Tax Rate Equivalent0.00420.00600.01500.04790.04070.0276


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 200920092005200520052005


January 1, Prior Year Assessed Valuation$102,458,517 103,635,146 98,019,640 97,847,099 96,589,733 97,608,911


Tax Rate0.40000.40000.40000.40000.40000.4000


Tax Rate Group weighted average0.27490.29700.29830.28600.34240.3297


Tax Rate State Wide0.41220.40900.42620.42380.44500.4321


Assessment -to-Sales Ratio96.5998.0689.4791.8395.7499.84


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$106,075,698 105,685,444 109,555,873 106,552,433 100,887,542 97,765,336


EffectiveTax Rate0.38640.39220.35790.36730.38300.3994


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 Collected96.350095.560095.680096.730097.190096.9800


Percent Collected Group weighted average96.4195.3295.9996.8697.1896.94


Percent Collected Statewide97.4297.3597.3497.5697.5897.55


Percent Collected Excluding Motor Vehicles97.2396.5497.0198.0998.3998.23


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 82.9182.3681.2782.3384.1684.07


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 Uncollected35,482 41,869 43,341 40,038 37,170 40,429


Tax Rate Equivalent0.03460.04040.04420.04090.03850.0414


Dominant County: Stokes






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$1,282,500 1,305,500 1,327,500 1,348,500 1,368,500 1,387,500


General Government GO Debt0 0 0 0 0 0


Total General Obligation Debt1,282,500 1,305,500 1,327,500 1,348,500 1,368,500 1,387,500


Per Capita$897 822 836 859 872 891


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 Sales1.2090%1.2353%1.2117%1.2656%1.3565%1.4192%


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 Government0 0 0 675,120 0 0


Total*$0 0 0 675,120 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 Changes1,4301,5891,5871,5691,5701,558









1.5AFISCAL Governmental Activities Assets1,660,8481,775,7671,925,4791,863,4531,092,7521,056,881
1.5BSUMMARYGovernmental Activities Liabilities500,248482,988591,672817,36830,75624,384
3.5A
Business Type Activities Assets4,444,9424,566,7374,714,3474,845,0104,916,0805,074,430
3.5B
Business Type Activities Liabilties1,351,2691,366,5391,382,9541,413,6891,414,8631,449,357
6.5A
Fiduciary Funds Assets57,04952,15551,33051,03748,87846,055
6.5B
Fiduciary Funds Liabilties4,3112902901,1501,150
10.0PART 2Current Collections of Unit -Wide Levy392,572395,231370,454372,877365,208375,724
11.0TAXCurrent Collections of Special Tax Districts





12.0REVENUESPrior Years' Levy Collections13,5268,92610,75012,12611,69817,662
13.0
Penalties and Interest2,7803,1322,2082,7712,5713,109
14.0
Collections of Taxes Previously Written Off





15.0
Animal Tax





15.1
Solid Waste Disposal Tax1,0791,082



16.0
1% Local Government Option Sales Tax29,88631,58433,71234,98536,52435,099
17.0
1/2% Local Government Option Sales Tax (40)40,21541,49444,93050,50052,74644,937
18.0
1/2% Local Government Option Sales Tax (42)17,20225,64644,75650,34752,58844,815
18.5
1/2% Local Government Option Sales Tax (44)
1,91013,83929,55830,99727,826
19.0
Privilege Licenses29,2718,9288,9577,8304,3303,687
19.2
Privilege -- All other privileges and pemits





20.0
Auto Licenses





21.0
Vehicle Tax for Public Transportation





22.0
Other Licenses12,25112,44312,50511,62410,96210,726
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.





29.0REVENUESGeneral Government





30.0
Public Safety





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





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 Harmless46,48138,03012,523


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 Tax73,73971,92771,57871,27668,55362,034
45.0
Beer and Wine Tax7,0162,2637,0467,2327,0406,727
46.0
Powell Bill49,14547,89653,78960,32253,43153,755
50.0
Court Fees - Facilities and Arrest Fees977959892837677896
51.0
General Government





52.0
Public Safety

41,50041,50041,28538,507
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

3,10898,3904,1984,001
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 Permits10,1378,999



72.0& FEESInspection Fees1,0802,42210,45615,17416,28317,395
72.1
Amusements licensing and permit taxes





73.0
Other Permits





74.0SALES &Parking Revenues





75.0SERVICESRents and Royalties41,62542,42642,87141,56340,44740,768
76.0
Airport





77.0
Fire Protection Charges





78.0
Solid Waste67,77366,54163,61641,63135,40129,096
79.0
Ambulance and Rescue Squad Charges





80.0
Cemeteries





81.0
Recreation Service Revenues





82.0
Library Service Revenues





83.0
Other Cultural and Rec Service Revenues





84.0
Mass Transit - City Operated





85.0
Other Sales and Services42,00041,500



86.0UTILITYWater and Sewer Charges552,538527,752520,096540,233437,172466,111
87.0REVENUESElectric Charges





88.0
Gas Charges





88.1
Storm Water Fees





89.0MISC.Investment Earnings - Bond Proceeds





90.0REVENUESInvestment Earnings - All Other Funds4,2956,26414,68146,82439,28826,901
91.0
Special Assessments





92.0
Private Contributions and Donations


5,000

93.0
Sales of Materials and Fixed Assets



12,006
94.0
Sale of Real Property





95.0
Nongovt Contr For Streets & Traffic Signals





96.0
ABC Mixed Drink Surcharge





97.0
ABC Profit Distribution14,105


13,89013,055
98.0
Other Miscellaneous Revenues47,33467,628405,36014,4302,6484,539
99.0
Proceeds of Sale of Bonds and Notes





100.0
Proceeds of Capital Leases/Install Purchases


675,120

101.0
Other11,1034,30623,28621,687

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 & Wages4,6084,7324,3964,3964,3964,396
109BGENERALGoverning Body - Other Direct23,67138,43336,29632,050

109CGOVTGoverning Body - Construction





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





110A
Administration - Salaries & Wages122,540123,686128,85495,46792,361112,956
110B
Administration - Other Direct69,03484,227115,369122,776141,928131,554
110C
Administration - Construction





110D
Administration - Purchase of P,P&E

4,326
8933,160
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 Direct21,99443,55020,78045,013

115C
Public Buildings - Construction

75,99330,235

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 Wages242,267243,784241,584228,093206,348194,828
119BSAFETYPolice & Comm - Traffic Control - Other Direct122,002111,319137,352125,140105,09496,795
119C
Police & Comm - Traffic Control - Construction





119D
Police & Comm - Traffic Control - Purchase of P,P&E27,689
34,65138,91462,194828
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 & Wages10,6498,0434,0273,124

122B
Fire - Other Direct38,00036,00035,30832,73930,00030,000
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

9,653


127BTATIONTraffic Engineering - Other Direct

64,405


127C
Traffic Engineering - Construction





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





128A
Streets and Highways - Salaries & Wages11,68210,774
6,52525,13540,962
128B
Streets and Highways - Other Direct16,84417,646
106,12747,903105,482
128C
Streets and Highways - Construction


110,652

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




9,899
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 Direct86,19121,107



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 Direct94,36089,55478,66570,46070,92963,006
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 Direct23,82826,91928,14629,97426,90510,318
140CDEVELOPPlanning & Zoning - Construction





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





141A
Economic Development - Salaries & Wages





141B
Economic Development - Other Direct2511,7711,7402,1951,088
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





153BRECREATIONRecreation & Parks - Other Direct





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 Direct25,00025,00025,00020,00020,00020,000
156C
Libraries - Construction

166,595645,379

156D
Libraries - Purchase of P,P&E





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





157B
Cult. & Recr. All Other - Other Direct23,55728,00144,55024,81724,44513,907
157C
Cult. & Recr. All Other - Construction





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





158AUTILITYWater & Sewer - Salaries & Wages154,364136,089147,726125,533115,95481,235
158B
Water & Sewer - Other Direct 314,912293,325267,994313,563272,059234,902
158C
Water & Sewer - Construction


9,186
90,473
158D
Water & Sewer - Purchase of P,P&E
1,71046,08619,2752,3796,750
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 & Fees65,27566,37567,33768,34269,29670,200
161DSERVICEWater & Sewer - Principal23,00022,00021,00020,00019,00027,608
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 & Fees17,03018,6279,457


166D
All Other - Principal31,93227,411225,569


167BPENSIONDirect Benefit Program - Other Direct





168BFRINGEFringe Benefits Unallocated





169B
Separation Allowance - Law Enforcement





170B
Separation Allowance - Other Employees





171B
Supplemental Retirement - Law Enforcement10,57910,118

9,1138,339
172B
Fringe Benefits Other

10,279


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 vehicles382,757.385,026.00354,435.00353,144.00344,901.00353,221.00
180.0
Current year's levy -- Motor vehicles (only)24,869.28,555.0032,746.0033,281.0031,613.0034,189.00
181.0PART 6Uncollected Taxes - Current Year's Levy Except Mot Veh10,613.13,314.0010,595.006,757.005,557.006,240.00
182.0OTHERUncollected Taxes - CY Levy -Motor Vehicles4,2495,0366,1325,8805,0075,446
183.0DATAPercentage of Taxes Collected - All Property %96.3595.5695.6896.7397.1996.98
184.0DATAPercentage of Taxes Collected - Exclude Motor Vehicles%97.2396.5497.0198.0998.3998.23
185.0
Percentage of Taxes Collected - Motor Vehicles %82.9182.3681.2782.3384.1684.07
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 Other631,755678,738652,932940,9921,070,3061,100,822
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 Revenues1,643,6301,511,5391,857,0632,253,8371,339,9431,327,370
194BFISCALAmount - Subtract Refunding Bond Proceeds





194CSUMMARYAmount - Subtract Interfund Transfers In135,50052,25044,150


194D
Amount - Net Revenues1,508,1301,459,2891,812,9132,253,8371,339,9431,327,370


Calculated amount1,508,1301,459,2891,812,9132,253,8371,339,9431,327,370


Amounts in AGREEMENT??YesYesYesYesYesYes


Difference





195A
Amount - Total Expenditures1,716,7591,542,4512,097,2882,329,9751,347,4201,357,598
195B
Amount - Subtract Pymts. to Refunded Debt Agent





195C
Amount - Subtract Interfund Transfers Out135,50052,25044,150


195D
Amount - Net Expenditures1,581,2591,490,2012,053,1382,329,9751,347,4201,357,598


Calculated amount1,581,2591,490,2012,053,1382,329,9751,347,4201,357,598


Amounts in AGREEMENT??YesYesYesYesYesYes


Difference














401APart 10Number of residential accounts billed Water





401BWater /Number of residential accounts billed Sewer





402ASewer Amount processed and/or purchased in units Water847672914,552

402BOperationsAmount processed and/or purchased in units Sewer83874246,550

403A
Total amount billed in units - Water656560913,908

403B
Total amount billed in units - Sewer41414045,906

404A
Of the total in 403A above how many units were Residential W43292943,211

404B
Of the total in 403B above how many units were Residential S31242426,432

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





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





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





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





408A
Dollars related to 403A above328,285320,020463,882334,015

408B
Dollars related to 403B above205,263213,736367,420208,756

409A
Dollars related to 404A above140,320144,577229,628


409B
Dollars related to 404B above125,683213,736230,328


410A
Dollars related to 405A above





410B
Dollars related to 405B above





411A
Dollars related to 406A above





411B
Dollars related to 406B above





412A
Dollars related to 407A above





412B
Dollars related to 407B above





421A
Number of residential accounts billed - Water684693686730

421B
Number of residential accounts billed - Sewer579575569669

422A
Number of non-residential & bulk accounts billed - Water137136136148

422B
Number of non-residential & bulk accounts billed - Sewer124122121141

423A
Estimated percentage of accounts outside of municipal limits
































950.0
OfficialLeslie A. Falstreau

951.0
TitleTown Clerk

952.0
Date02/17/201212/29/201002/15/201002/11/200901/14/200801/25/2007
953.0
ContactLeslie A. Falstreau

954.0
TitleTown Clerk

955.0
Phone336-591-4809




956.0
Fax336-591-7275




957.0
E-Mail:


















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Key Ratios and Operations Statistics of Water and Sewer Systems for



Town of Walnut Cove













201120102009200820072006








Population
1,4301,5891,5871,5691,5701,558
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
$552,538527,752520,096540,233425,241452,223
Total Operating Revenues Per Capita
$386332328344271290
Group Weighted Average Revenues Per Capita540511491492485464
State Weighted Average Revenues Per Capita404384353365367356








% to Total Operating Revenues






Operating Expenses
108.67%110.07%104.75%107.28%126.38%104.02%
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
-8.67%-10.07%-4.75%-7.28%-26.38%-4.02%
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
0.00%0.00%0.00%0.00%0.00%0.00%
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
10.04%9.90%8.49%1.85%0.00%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
-23.23%-24.86%-19.21%-12.94%-29.13%-6.68%
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
2.823.083.743.544.073.57
Group Weighted Average
3.563.373.102.843.253.58
State Weighted Average
3.483.202.812.962.902.82








Days Sales in Receivables
69.873.070.846.358.148.4
Group Weighted Average
46.851.444.147.945.844.0
State Weighted Average
54.458.958.655.260.057.8








Days Cash on Hand
74.898.2130.4190.4176.9213.4
Group Weighted Average
358.6346.3349.2373.6497.2407.8
State Weighted Average
505.4465.8424.9457.2497.5457.2








Cash flow from Operations
$79,70474,58062,059125,42316,172145,097








Debt to Equity
0.410.410.400.390.390.38
Group Weighted Average
0.260.280.280.310.280.28
State Weighted Average
0.600.600.570.560.560.52








Debt per Capita
897822836859872891
Group Weighted Average
834871824898782740
State Weighted Average
1,2821,2531,1291,1391,101988








Capital Expenditures:
201120102009200820072006


$01,71046,08628,4612,37997,223










2005200420032002



$61,44523,582225,61688,943









Capital Contributions: Excluded from income above
$21,83000000
















Operating Statistics














Estimated population of the areas served Water00000NA
Estimated population of the areas served Sewer00000NA








Number of Gallons of Water Processed (000) omitted847672914,5520NA
Number of Gallons of Sewage Processed (000) omitted83874246,5500NA








Number of Gallons of Water Billed (000) omitted656560913,9080NA
Number of Gallons of Sewage Billed (000) omitted41414045,9060NA








Ratio of Water Billed to Water Processed0.774880.857090.843580.99930
NA
Ratio of Sewage Billed to Sewage Processed0.486990.471800.952490.98617
NA








Total Revenue from Water Sales328,285320,020463,882334,0150NA
Total Revenue from Sewage Sales205,263213,736367,420208,7560NA








Water Revenue per 1000 gallons of Sales





NA
Sewage Revenue per 1000 gallons of Sales





NA








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$3,276.973384,907.569597,973.194440.00000
NA
Residential Sewage Sales per thousand Gallons$4,027.010578,913.094259,801.191490.00000
NA








Water Sales per thousand Gallons outside Municipal Limits




NA
Sewage Sales per thousand Gallons outside Municipal Limits




NA








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 %87.09%41.85%19.38%31.95%23.40%
Group average FBA %65.48%62.45%66.05%66.79%64.14%
State average Electric/Non Electric Group FBA %37.39%36.66%37.89%38.70%41.07%
State average FBA %36.54%36.34%65.48%37.47%39.53%






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

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Analysis of Property Tax

20072008200920102011
Municipality97.19%96.73%95.68%95.56%96.35%
Pop. Group97.18%96.86%95.99%95.32%96.41%
Statewide97.58%97.56%97.34%97.35%97.42%






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






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Analysis of General Obligation Debt

20072008200920102011
Municipality872859836822897
Pop. Group294277265256236
Statewide478456455449450






Municipal Population Group: 1,000 to 2,499






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Analysis of Revenue

20072008200920102011
Property Tax$242247242256286
Utility278344328332386
Sales Tax110106866362
Sales & Services48536795106
Intergovernmental112178120101124
Debt Proceeds0430000
Other Miscellaneous63782997191
Total$8531,4361,1429181,055

Go to top of page
Analysis of Revenue for Fiscal 2011











2011
2011
CategoryRevenue
Per Capita
Property Tax$408,878
$286
Water/Sewer552,538
386
Electric0
0
Other Utilities0
0
Sales Tax87,303
62
Sales & Services151,398
106
Intergovernment177,358
124
Debt Proceeds0
0
Miscellaneous130,655
91
Total$1,508,130
$1,055





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





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Analysis of Expenditures by Function for Fiscal 2011











2011
2011
CategoryExpenditures
Per Capita
General Government$241,847
$169
Water/Sewer469,276
328
Electric0
0
Other Utilities0
0
Debt Service137,237
96
Transportation114,717
80
Public Safety451,186
316
Other166,996
117
Total$1,581,259
$1,106





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





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Analysis of Expenditures by Object for Fiscal 2011






2011
2011
CategoryExpenditures
Per Capita
Salaries & Wages$546,110
$382
Water/Sewer Capital0
0
Electric Capital0
0
Capital Outlay27,689
19
Other Operating1,007,460
705
Total$1,581,259
$1,106





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






Last Updated 6/15/2012 11:39:14 AM