North Carolina
Department of State Treasurer
Financial Information
Town of Weaverville



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
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Note: All data unless otherwise specified is for the 12 month period ending June, 30th of the designated year



Municipality Revenues and Expenditures Financial Profile
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201120102009200820072006

Revenues by Source







Property Tax$2,603,095 $2,485,116 $2,403,512 $2,319,419 $2,384,773 $1,811,049


Utility 1,629,857 1,492,997 1,451,782 1,527,942 1,619,147 1,539,136


Sales Tax 798,946 774,228 957,261 942,066 864,212 680,501


Sales & Services 1,058,215 1,112,094 1,189,665 1,175,777 1,162,140 974,132


Intergovernmental 590,082 446,163 543,911 431,680 356,769 312,616


Debt Proceeds - - 1,360,000 - - 3,551,000


Other Miscellaneous 234,045 529,550 397,222 454,518 606,530 388,113


Total$6,914,240 6,840,148 8,303,353 6,851,402 6,993,571 9,256,547










Expenditures by Function







Utility$1,238,468 1,217,438 1,721,008 1,429,317 1,159,511 1,237,599


Debt Service 933,840 989,379 984,196 838,517 857,832 1,001,300


Transportation 686,803 449,838 555,786 535,578 1,018,258 554,502


General Government 712,408 677,745 764,288 677,235 558,259 537,176


Public Safety 2,734,604 3,665,945 3,511,046 3,224,523 4,537,306 2,013,260


Other 717,662 716,291 548,608 458,298 552,196 491,150


Total$7,023,785 7,716,636 8,084,932 7,163,468 8,683,362 5,834,987










Expenditures by Object







Salaries & Wages$3,832,369 3,580,113 2,716,245 2,337,827 2,221,334 2,011,556


Capital Outlay 574,355 1,236,131 2,004,601 1,837,128 3,496,682 882,693


Other Operating + Debt Service 2,617,061 2,900,392 3,364,086 2,988,513 2,965,346 2,940,738


Total$7,023,785 7,716,636 8,084,932 7,163,468 8,683,362 5,834,987



















Per Capita Revenues by Source







Property Tax$709 749 744 721 827 638


Utility 444 450 449 475 562 542


Sales Tax 216 233 297 294 301 239


Sales & Services 288 335 368 366 403 343


Intergovernmental 161 134 168 134 124 110


Debt Proceeds - - 421 - - 1,250


Other Miscellaneous 64 160 123 141 210 137


Total$1,882 2,061 2,570 2,131 2,427 3,259










Per Capita Expenditures by Function







Utility$337 367 533 445 402 436


Debt Service 254 298 305 261 298 353


Transportation 187 136 172 167 353 195


General Government 194 203 235 209 194 189


Public Safety 745 1,105 1,087 1,003 1,574 709


Other 195 216 170 143 192 173


Total$1,912 2,325 2,502 2,228 3,013 2,055










Per Capita Expenditures by Object







Salaries & Wages$1,043 1,079 841 727 771 708


Capital Outlay 156 372 620 571 1,213 311


Other Operating 713 874 1,041 930 1,029 1,036


Total$1,912 2,325 2,502 2,228 3,013 2,055










Population GroupNo Electric 2,500 to 9,999 No Electric 2,500 to 9,999 No Electric 2,500 to 9,999 No Electric 2,500 to 9,999 No Electric 2,500 to 9,999 No Electric 2,500 to 9,999


Number of Municipalites in Group 119 122 120 120 124 123


Average Population In Group 4,793 4,664 4,697 4,793 4,727 4,663


Town of Weaverville Population 3,673 3,319 3,231 3,215 2,882 2,840

Group Average Per Capita Revenues by Source







Property Tax 356 342346336310306


Utility 392 322314310313326


Sales Tax 125 125144160160154


Sales & Services 86 8885807874


Intergovernmental 237 202185180174160


Debt Proceeds 127 8020917110895


Other Miscellaneous 131 106105133160126


Total 1,454 1,2651,3881,3701,3031,241










Group Average Per Capita Expenditures by Function







Utility 422 419414370332305


Debt Service 111 1031001029698


Transportation 91 9595110111112


General Government 173 179185169159156


Public Safety 314 323318318310280


Other 242 220219230235209


Total 1,353 1,3391,3311,2991,2431,160










Group Average Per Capita Expenditures by Object







Salaries & Wages 447 431429414405390


Capital Outlay 250 325317279252205


Other Operating 655 583585606584564


Total 1,352 1,3391,3311,2991,2411,159


















General Fund
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201120102009200820072006

General Fund revenues$5,264,071 5,300,784 5,418,064 5,233,550 5,167,912 4,098,230

General Fund expenditures 5,509,533 6,205,889 6,061,448 4,405,969 4,742,330 3,647,720

Operating transfers in - 249,338 - - - -

Operating transfers out - - - - - 723,455

Capital leases and installment purchase proceeds - - 1,360,000 - - -

Other items - - - - - -

Excess of revenues and other sources over (under) expenditures and other uses (245,462) (655,767) 716,616 827,581 425,582 (272,945)










Fund balance available (FBA):







In dollars$4,534,899 4,831,920 5,447,443 4,756,327 3,969,260 3,569,431


FBA as a % of GF Net Expenditures:







Unit's FBA %82.3177.86115.87107.9583.7081.66


Group weighted average FBA %69.3067.3970.2565.0564.3162.32


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$2,233,955 2,085,181 2,043,708 2,536,734 2,660,469 2,423,294


Quick ratio7.88 7.68 5.98 7.90 7.97 9.04


Net income(109,752)(146,344)(277,821)(68,893)88,928 38,542


Cashflow from operations363,133 196,023 161,304 352,256 549,964 517,005


Depreciation & Amortization Expense343,182 346,045 337,515 323,301 324,790 329,465


























Cash, Investments and Financing
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201120102009200820072006











Population at July 1st of the Previous Year3,6733,3193,2313,2152,8822,840


Population GroupNo Electric 2,500 to 9,999 No Electric 2,500 to 9,999 No Electric 2,500 to 9,999 No Electric 2,500 to 9,999 No Electric 2,500 to 9,999 No Electric 2,500 to 9,999


Cash &Investments$7,169,886 $7,104,100 $8,230,074 $7,852,414 $8,707,396 $9,859,643


Investment Earnings47,976 98,368 242,578 349,711 485,367 269,581


Tax Rate Equivalent0.00670.01520.03670.04900.08740.0646


Tax Rate Equivalent Group weighted average0.00330.00550.01300.02940.04370.0322


Tax Rate Equivalent Statewide weighted average0.03170.02470.01330.05240.09200.0573


Latest year of Revaluation 200620062006200620062002


January 1, Prior Year Assessed Valuation$719,554,155 647,644,102 660,087,263 713,168,479 555,149,501 417,364,186


Tax Rate0.35500.35500.36500.38000.43000.4300


Tax Rate Group weighted average0.27780.25520.26970.26690.31160.3191


Tax Rate State Wide0.41220.40900.42620.42380.44500.4321


Assessment -to-Sales Ratio93.5393.5683.6087.4098.9182.61


Assessment -to-Sales Ratio Group weighted average102.19102.8492.1790.9283.5191.52


Assessment -to-Sales Ratio Statewide101.4798.2790.8188.5388.4192.28


Assessed Valuation Adjusted for Assesment to Sales Ratio$769,329,793 692,223,281 789,578,066 815,982,241 561,267,315 505,222,353


EffectiveTax Rate0.33200.33210.30510.33210.42530.3552


Group weighted average Effective Tax Rate0.28380.26240.24860.24270.26020.2921


Statewide weighted average Effective Tax Rate0.41830.40200.38700.37520.39340.3987


Percent Collected99.580099.360099.650099.770099.830099.5600


Percent Collected Group weighted average96.6795.4095.4195.8196.7096.72


Percent Collected Statewide97.4297.3597.3497.5697.5897.55


Percent Collected Excluding Motor Vehicles99.7499.4899.7999.9299.9899.96


Percent Collected Excluding Motor Vehicles Group weighted average97.3897.4397.5598.0697.9998.08


Percent Collected Excluding Motor Vehicles Statewide weighted average98.2598.2398.3098.6598.5998.61


Percent Collected Motor Vehicles Only 95.7196.2096.3596.6296.7793.05


Percent Collected Motor Vehicles Only Group weighted average85.3885.6085.2385.7586.0486.22


Percent Collected Motor Vehicles Only Statewide weighted average 86.4186.3886.5586.7486.7186.80


Tax Uncollected104,612 99,435 100,040 109,151 109,059 106,355


Tax Rate Equivalent0.01450.01540.01520.01530.01960.0255


Dominant County: Buncombe






Debt Information








Population Group2,500 to 4,9992,500 to 4,9992,500 to 4,9992,500 to 4,9992,500 to 4,9992,500 to 4,999


Ratings:







Fitch







Moody'sAa3Aa3A2A2A2A2


S & P
















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




Enterprise GO Debt$3,060,000 3,175,000 3,285,000 3,390,000 3,490,000 3,590,000


General Government GO Debt0 0 0 0 0 0


Total General Obligation Debt3,060,000 3,175,000 3,285,000 3,390,000 3,490,000 3,590,000


Per Capita$833 957 1,017 1,054 1,211 1,264


Total Per Capita for the Population Group113 107 158 152 149 162


Total Per Capita Statewide450 449 455 456 478 495


Total per Assessed Valuation Adjusted for Current Year Sales0.3977%0.4587%0.4160%0.4155%0.6218%0.7106%


Total per Assessed Valuation Adjusted for Current Year Sales- Group Average0.0898%0.0802%0.1078%0.1101%0.1223%0.1565%


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 Government2,867,333 3,264,781 3,697,943 4,131,105 4,564,267 4,997,429


Total*$2,867,333 3,264,781 3,697,943 4,131,105 4,564,267 4,997,429


* 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 Changes3,6733,3193,2313,2152,8822,840









1.5AFISCAL Governmental Activities Assets15,767,96215,910,28016,135,87014,165,23813,901,97812,188,737
1.5BSUMMARYGovernmental Activities Liabilities4,637,3014,791,8435,455,0194,419,8715,345,9635,155,014
3.5A
Business Type Activities Assets12,132,27212,314,34112,674,23813,047,84113,256,62213,214,294
3.5B
Business Type Activities Liabilties3,343,1683,415,4853,629,0373,724,8193,864,7073,911,307
6.5A
Fiduciary Funds Assets





6.5B
Fiduciary Funds Liabilties





10.0PART 2Current Collections of Unit -Wide Levy2,577,8462,439,5012,385,5582,312,1592,380,8941,807,040
11.0TAXCurrent Collections of Special Tax Districts





12.0REVENUESPrior Years' Levy Collections13,4851,4395,8912,459491508
13.0
Penalties and Interest11,76444,17612,0634,8013,3883,501
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 Tax377,085439,623469,983436,952403,901321,376
17.0
1/2% Local Government Option Sales Tax (40)140,355139,763174,336167,667152,088117,361
18.0
1/2% Local Government Option Sales Tax (42)180,645158,330171,660165,496150,107115,993
18.5
1/2% Local Government Option Sales Tax (44)100,86136,512141,282171,951158,116125,771
19.0
Privilege Licenses107,55813,2184,7884,7434,6784,298
19.2
Privilege -- All other privileges and pemits





20.0
Auto Licenses





21.0
Vehicle Tax for Public Transportation





22.0
Other Licenses





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 Safety40,99254,09860,699


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 Harmless4,191




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 Tax424,340294,354295,350266,548249,522212,363
45.0
Beer and Wine Tax17,0574,60814,43813,27012,74110,873
46.0
Powell Bill103,50290,657102,307106,99393,06486,770
50.0
Court Fees - Facilities and Arrest Fees





51.0
General Government

2,000


52.0
Public Safety
1,586
44,8691,4422,610
53.0
Transportation - Streets





54.0
Transportation - All Other





55.0
Environmental Protection

69,117


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
860



61.0LOCALPayments in Lieu of Taxes - Local





62.0INTERGOVGeneral Government





63.0REVENUESPublic Safety





64.0
Transportation - Streets





65.0
Transportation - All Other





66.0
Environmental Protection





67.0
Economic and Physical Development





68.0
Human Services - Health, Mental Hlt & Hosp





69.0
Human Services - All Other





70.0
Culture and Recreation





71.0PERMITS Building Permits





72.0& FEESInspection Fees24,20527,56867,23647,57354,44360,391
72.1
Amusements licensing and permit taxes





73.0
Other Permits





74.0SALES &Parking Revenues





75.0SERVICESRents and Royalties13,70513,705



76.0
Airport





77.0
Fire Protection Charges1,044,5101,098,3891,189,6651,175,7771,162,140967,770
78.0
Solid Waste





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 Services




6,362
86.0UTILITYWater and Sewer Charges1,629,8571,492,9971,451,7821,527,9421,619,1471,539,136
87.0REVENUESElectric Charges





88.0
Gas Charges





88.1
Storm Water Fees





89.0MISC.Investment Earnings - Bond Proceeds





90.0REVENUESInvestment Earnings - All Other Funds47,97698,368242,578349,711485,367269,581
91.0
Special Assessments





92.0
Private Contributions and Donations22,64918,3307,8413,3359,1852,572
93.0
Sales of Materials and Fixed Assets16,465


14,893
94.0
Sale of Real Property
349,300



95.0
Nongovt Contr For Streets & Traffic Signals





96.0
ABC Mixed Drink Surcharge





97.0
ABC Profit Distribution
3,000



98.0
Other Miscellaneous Revenues15,19219,76674,77949,15637,96451,271
99.0
Proceeds of Sale of Bonds and Notes





100.0
Proceeds of Capital Leases/Install Purchases

1,360,000

3,551,000
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-4,6593,299-6,336-9,0095,7393,765
106.0
Deposits Other than Utility





107.0
Prepaid Taxes





108.0
Prepaid Privilege Licenses





109APART 4Governing Body - Salaries & Wages20,66918,94720,15010,4507,8007,800
109BGENERALGoverning Body - Other Direct227,919223,704248,573210,476179,816165,287
109CGOVTGoverning Body - Construction

72,03766,199

109D
Governing Body - Purchase of P,P&E576309



110A
Administration - Salaries & Wages354,994328,479242,389218,611217,519186,269
110B
Administration - Other Direct97,54591,134167,004165,262151,652152,997
110C
Administration - Construction





110D
Administration - Purchase of P,P&E10,70515,17214,1356,2371,47224,823
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 Wages949,312840,105648,760564,907521,659424,014
119BSAFETYPolice & Comm - Traffic Control - Other Direct152,780164,637309,978320,022326,241261,524
119C
Police & Comm - Traffic Control - Construction





119D
Police & Comm - Traffic Control - Purchase of P,P&E150,962146,016215,420146,23992,26285,603
120A
Emergency Communications - Salaries & Wages





120B
Emergency Communications - Other Direct





120C
Emergency Communications - Construction





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





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





120C
ETSF Expenditures - Capital Construction





120D
ETSF Expenditures - Capital Purchases





121A
Emergency Mgmt - Salaries & Wages





121B
Emergency Mgmt - Other Direct





121C
Emergency Mgmt - Construction





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





122A
Fire - Salaries & Wages1,136,3221,133,690823,730651,046647,091616,159
122B
Fire - Other Direct243,957478,012458,488391,291397,078356,196
122C
Fire - Construction

11,6701,041,1242,492,517200,460
122D
Fire - Purchase of P,P&E65,399869,2311,012,35082,30636,17749,488
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 & Wages129,309132,00399,72491,79385,95881,295
128B
Streets and Highways - Other Direct183,931130,204177,510173,522197,027170,728
128C
Streets and Highways - Construction

242,510238,740

128D
Streets and Highways - Purchase of P,P&E341,212154,36410,266
368,556261,497
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 & Wages20,00419,38814,71914,64613,05712,067
130B
Powell Bill - Other Direct6,84613,87911,05713,97425,0859,415
130C
Powell Bill - Construction





130D
Powell Bill - Purchase of P,P&E5,501

2,903328,57519,500
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 & Wages341,168244,806184,494153,666148,026137,790
136BMENTALSolid Waste - Other Direct145,980244,011161,286137,629145,260137,508
136CPROTECTIONSolid Waste - Construction





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



122,85740,796
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





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 & Wages103,137103,02874,10959,12837,40440,563
153BRECREATIONRecreation & Parks - Other Direct37,74523,03541,40649,82239,08356,093
153C
Recreation & Parks - Construction





153D
Recreation & Parks - Purchase of P,P&E
8,44311,9121,0604,61627,839
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 & Wages777,454759,667608,170573,580542,820505,599
158B
Water & Sewer - Other Direct 461,014415,175698,537603,417567,041559,313
158C
Water & Sewer - Construction

414,301252,32049,650142,487
158D
Water & Sewer - Purchase of P,P&E
42,596


30,200
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 & Fees121,969126,257130,595134,461138,475143,682
161DSERVICEWater & Sewer - Principal131,409144,266139,266134,266134,265129,265
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 & Fees43,622185,408180,655172,342187,64472,638
166D
All Other - Principal636,840533,448533,680397,448397,448655,715
167BPENSIONDirect Benefit Program - Other Direct





168BFRINGEFringe Benefits Unallocated





169B
Separation Allowance - Law Enforcement





170B
Separation Allowance - Other Employees





171B
Supplemental Retirement - Law Enforcement35,87234,25430,65027,58824,28119,816
172B
Fringe Benefits Other89,63292,96875,40156,99354,95050,561
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 vehicles2,502,060.2,368,004.002,299,480.002,210,101.002,274,999.001,714,824.00
180.0
Current year's levy -- Motor vehicles (only)98,010.87,121.0095,241.00107,420.00108,558.00105,652.00
181.0PART 6Uncollected Taxes - Current Year's Levy Except Mot Veh6,602.12,314.004,799.001,731.00501.00703.00
182.0OTHERUncollected Taxes - CY Levy -Motor Vehicles4,2083,3103,4743,6313,5037,342
183.0DATAPercentage of Taxes Collected - All Property %99.5899.3699.6599.7799.8399.56
184.0DATAPercentage of Taxes Collected - Exclude Motor Vehicles%99.7499.4899.7999.9299.9899.96
185.0
Percentage of Taxes Collected - Motor Vehicles %95.7196.2096.3596.6296.7793.05
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 Other7,169,8867,104,1008,230,0747,852,4148,707,3969,859,643
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 Revenues6,914,2407,089,4868,303,3536,851,4026,993,5719,980,002
194BFISCALAmount - Subtract Refunding Bond Proceeds





194CSUMMARYAmount - Subtract Interfund Transfers In
249,338


723,455
194D
Amount - Net Revenues6,914,2406,840,1488,303,3536,851,4026,993,5719,256,547


Calculated amount6,914,2406,840,1488,303,3536,851,4026,993,5719,256,547


Amounts in AGREEMENT??YesYesYesYesYesYes


Difference





195A
Amount - Total Expenditures7,023,7857,965,9748,084,9327,163,4688,683,3626,558,442
195B
Amount - Subtract Pymts. to Refunded Debt Agent





195C
Amount - Subtract Interfund Transfers Out
249,338


723,455
195D
Amount - Net Expenditures7,023,7857,716,6368,084,9327,163,4688,683,3625,834,987


Calculated amount7,023,7857,716,6368,084,9327,163,4688,683,3625,834,987


Amounts in AGREEMENT??YesYesYesYesYesYes


Difference














401APart 10Number of residential accounts billed Water



5,760
401BWater /Number of residential accounts billed Sewer





402ASewer Amount processed and/or purchased in units Water194180178195,405123,282
402BOperationsAmount processed and/or purchased in units Sewer





403A
Total amount billed in units - Water159166150164,242123,282
403B
Total amount billed in units - Sewer





404A
Of the total in 403A above how many units were Residential W110990
60,018
404B
Of the total in 403B above how many units were Residential S





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



65,075
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



10,481
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 above1,565,3921,894,3821,791,6261,447,5751,642,848
408B
Dollars related to 403B above





409A
Dollars related to 404A above1,355,1271,683,126772,092
707,989
409B
Dollars related to 404B above





410A
Dollars related to 405A above



766,953
410B
Dollars related to 405B above





411A
Dollars related to 406A above



167,906
411B
Dollars related to 406B above





412A
Dollars related to 407A above





412B
Dollars related to 407B above





421A
Number of residential accounts billed - Water2,1642,1612,1812,067

421B
Number of residential accounts billed - Sewer





422A
Number of non-residential & bulk accounts billed - Water217217110224

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





423A
Estimated percentage of accounts outside of municipal limits
































950.0
OfficialJIM MCMILLAN

951.0
TitleFINANCE OFFICER

952.0
Date11/21/2011
01/25/201001/29/200901/28/200812/29/2006
953.0
ContactJIM MCMILLAN

954.0
TitleFINANCE OFFICER

955.0
Phone828-645-7116




956.0
Fax828-645-4476




957.0
E-Mail:


















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Key Ratios and Operations Statistics of Water and Sewer Systems for



Town of Weaverville













201120102009200820072006








Population
3,6733,3193,2313,2152,8822,840
Population Group
No Electric 2,500 to 9,999 No Electric 2,500 to 9,999 No Electric 2,500 to 9,999 No Electric 2,500 to 9,999 No Electric 2,500 to 9,999 No Electric 2,500 to 9,999
Total Operating Revenues
$1,629,8571,492,9971,451,7821,527,9421,619,1471,539,136
Total Operating Revenues Per Capita
$444450449475562542
Group Weighted Average Revenues Per Capita465442409396397412
State Weighted Average Revenues Per Capita404384353365367356








% to Total Operating Revenues






Operating Expenses
100.50%104.45%115.10%100.27%90.07%91.42%
Group Weighted Average
93.10%92.87%93.32%93.18%90.16%87.26%
State Weighted Average
82.59%85.08%89.86%86.70%82.47%81.57%








Operating Margin
-0.50%-4.45%-15.10%-0.27%9.93%8.58%
Group Weighted Average
6.90%7.13%6.68%6.82%9.84%12.74%
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
2.55%3.37%2.01%1.52%2.84%2.59%
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
5.13%4.49%7.69%4.05%4.95%2.33%
State Weighted Average
1.89%1.79%2.55%3.08%1.94%2.63%








Net Income before capital contributions
-6.73%-9.80%-19.14%-4.51%5.49%2.50%
Group Weighted Average
-5.62%3.49%0.41%2.42%-2.67%6.45%
State Weighted Average
8.52%7.13%-10.44%7.19%11.65%9.59%








Key Ratios and Cash Flow














Quick Ratio
7.887.685.987.907.979.04
Group Weighted Average
3.362.993.223.123.263.67
State Weighted Average
3.483.202.812.962.902.82








Days Sales in Receivables
53.050.649.146.054.250.8
Group Weighted Average
53.357.765.252.352.853.8
State Weighted Average
54.458.958.655.260.057.8








Days Cash on Hand
658.3663.3622.9823.3909.9857.4
Group Weighted Average
360.2368.6384.6439.3462.7413.2
State Weighted Average
505.4465.8424.9457.2497.5457.2








Cash flow from Operations
$363,133196,023161,304352,256549,964517,005








Debt to Equity
0.350.360.370.370.380.40
Group Weighted Average
0.410.400.400.310.280.25
State Weighted Average
0.600.600.570.560.560.52








Debt per Capita
8269531,0241,0721,2431,308
Group Weighted Average
924863806631533484
State Weighted Average
1,2821,2531,1291,1391,101988








Capital Expenditures:
201120102009200820072006


$042,596414,301252,32049,650172,687










2005200420032002



$60,839339,502459,241905,406









Capital Contributions: Excluded from income above
$000000
















Operating Statistics














Estimated population of the areas served Water00005,760NA
Estimated population of the areas served Sewer00000NA








Number of Gallons of Water Processed (000) omitted194180178195,405123,282NA
Number of Gallons of Sewage Processed (000) omitted00000NA








Number of Gallons of Water Billed (000) omitted159166150164,242123,282NA
Number of Gallons of Sewage Billed (000) omitted00000NA








Ratio of Water Billed to Water Processed0.822530.920300.840110.840521.00000NA
Ratio of Sewage Billed to Sewage Processed




NA








Total Revenue from Water Sales1,565,3921,894,3821,791,6261,447,5751,642,848NA
Total Revenue from Sewage Sales00000NA








Water Revenue per 1000 gallons of Sales




285.21667NA
Sewage Revenue per 1000 gallons of Sales





NA








Group Average Sales per thousand Gallons Water$0.00493$146.64376$40.01634$1,510.62899$1,842.80047NA
Group Average Sales per thousand Gallons Sewage$0.00751$72.11574$36.04590$1,288.89426$1,811.42912NA








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$1,266,473.8317815,512.682038,603.65500
11.79628NA
Residential Sewage Sales per thousand Gallons




NA








Water Sales per thousand Gallons outside Municipal Limits



11.78568NA
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 %83.70%107.95%115.87%77.86%82.31%
Group average FBA %64.31%65.05%70.25%67.39%69.30%
State average Electric/Non Electric Group FBA %37.39%36.66%37.89%38.70%41.07%
State average FBA %36.54%36.34%64.31%37.47%39.53%






Municipal Population Group: No Electric 2,500 to 9,999

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Analysis of Property Tax

20072008200920102011
Municipality99.83%99.77%99.65%99.36%99.58%
Pop. Group96.70%95.81%95.41%95.40%96.67%
Statewide97.58%97.56%97.34%97.35%97.42%






Municipal Population Group: No Electric 2,500 to 9,999






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Analysis of General Obligation Debt

20072008200920102011
Municipality1,2111,0541,017957833
Pop. Group149152158107113
Statewide478456455449450






Municipal Population Group: 2,500 to 4,999






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Analysis of Revenue

20072008200920102011
Property Tax$827721744749709
Utility562475449450444
Sales Tax301294297233216
Sales & Services403366368335288
Intergovernmental124134168134161
Debt Proceeds0042100
Other Miscellaneous21014112316064
Total$2,4272,1312,5702,0611,882

Go to top of page
Analysis of Revenue for Fiscal 2011











2011
2011
CategoryRevenue
Per Capita
Property Tax$2,603,095
$709
Water/Sewer1,629,857
444
Electric0
0
Other Utilities0
0
Sales Tax798,946
216
Sales & Services1,058,215
288
Intergovernment590,082
161
Debt Proceeds0
0
Miscellaneous234,045
64
Total$6,914,240
$1,882





Municipal Population Group: No Electric 2,500 to 9,999





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Analysis of Expenditures by Function for Fiscal 2011











2011
2011
CategoryExpenditures
Per Capita
General Government$712,408
$194
Water/Sewer1,238,468
337
Electric0
0
Other Utilities0
0
Debt Service933,840
254
Transportation686,803
187
Public Safety2,734,604
745
Other717,662
195
Total$7,023,785
$1,912





Municipal Population Group: No Electric 2,500 to 9,999





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Analysis of Expenditures by Object for Fiscal 2011






2011
2011
CategoryExpenditures
Per Capita
Salaries & Wages$3,832,369
$1,043
Water/Sewer Capital0
0
Electric Capital0
0
Capital Outlay574,355
156
Other Operating2,617,061
713
Total$7,023,785
$1,912





Municipal Population Group: No Electric 2,500 to 9,999






Last Updated 6/15/2012 11:39:59 AM