North Carolina
Department of State Treasurer
Financial Information
Village of Sugar Mountain



Financial Profile | General Fund | Enterprise Funds | Cash, Investments and Financing
Annual Financial Information Report Detail
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 Avery 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$1,164,322 $0 $1,072,010 $1,004,568 $956,012 $864,437


Utility - - - - - -


Sales Tax 64,514 - 66,714 83,509 75,711 61,985


Sales & Services 470,468 - 475,396 509,613 434,976 384,306


Intergovernmental 138,532 - 137,925 121,863 265,405 126,533


Debt Proceeds - - 890,200 24,486 - 625,000


Other Miscellaneous 271,238 - 160,294 361,889 199,762 255,897


Total$2,109,074 - 2,802,539 2,105,928 1,931,866 2,318,158










Expenditures by Function







Utility$0 - - - - -


Debt Service 332,471 - 363,282 342,723 231,659 152,494


Transportation 491,565 - 386,173 1,679,402 548,944 357,363


General Government 402,635 - 887,532 382,907 436,968 278,876


Public Safety 269,018 - 257,504 253,062 241,222 265,798


Other 870,322 - 430,118 467,886 1,067,450 405,381


Total$2,366,011 - 2,324,609 3,125,980 2,526,243 1,459,912










Expenditures by Object







Salaries & Wages$966,440 - 908,485 862,504 798,170 782,910


Capital Outlay 580,176 - 592,092 235,592 865,333 120,854


Other Operating + Debt Service 819,395 - 824,032 2,027,884 862,740 556,148


Total$2,366,011 - 2,324,609 3,125,980 2,526,243 1,459,912



















Per Capita Revenues by Source







Property Tax$5,880 - 4,340 4,117 4,000 3,632


Utility - - - - - -


Sales Tax 326 - 270 343 317 260


Sales & Services 2,376 - 1,925 2,089 1,820 1,615


Intergovernmental 700 - 558 499 1,110 532


Debt Proceeds - - 3,604 100 - 2,626


Other Miscellaneous 1,370 - 649 1,483 836 1,075


Total$10,652 - 11,346 8,631 8,083 9,740










Per Capita Expenditures by Function







Utility$0 - - - - -


Debt Service 1,679 - 1,471 1,405 969 641


Transportation 2,483 - 1,563 6,883 2,297 1,502


General Government 2,033 - 3,593 1,568 1,829 1,171


Public Safety 1,359 - 1,043 1,037 1,009 1,117


Other 4,396 - 1,741 1,918 4,466 1,703


Total$11,950 - 9,411 12,811 10,570 6,134










Per Capita Expenditures by Object







Salaries & Wages$4,881 - 3,678 3,535 3,340 3,290


Capital Outlay 2,930 - 2,397 966 3,621 508


Other Operating 4,139 - 3,336 8,310 3,609 2,336


Total$11,950 - 9,411 12,811 10,570 6,134










Population GroupNo Electric 499 and Below No Electric 499 and Below No Electric 499 and Below No Electric 499 and Below No Electric 499 and Below No Electric 499 and Below


Number of Municipalites in Group 118 112 116 117 117 119


Average Population In Group 264 256 261 260 259 260


Village of Sugar Mountain Population 198 247 247 244 239 238

Group Average Per Capita Revenues by Source







Property Tax 793 606450506464472


Utility 350 367275365338379


Sales Tax 153 123146163157148


Sales & Services 80 5750686268


Intergovernmental 445 442572538464331


Debt Proceeds 26 617766658274


Other Miscellaneous 224 154182273237250


Total 2,071 2,3661,7511,9791,7801,922










Group Average Per Capita Expenditures by Function







Utility 524 577642851468528


Debt Service 264 1787113482175


Transportation 156 162114204145154


General Government 444 336327311293305


Public Safety 391 274234254212239


Other 620 895258348482291


Total 2,399 2,4221,6462,1021,6821,692










Group Average Per Capita Expenditures by Object







Salaries & Wages 557 448348400361369


Capital Outlay 448 1,091627816449501


Other Operating 1,394 883671886872822


Total 2,399 2,4221,6462,1021,6821,692


















General Fund
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201120102009200820072006

General Fund revenues$1,509,621 1,444,826 1,414,372 1,545,068 1,503,438 1,250,742

General Fund expenditures 1,453,781 1,344,323 1,228,152 1,285,227 1,293,221 1,053,687

Operating transfers in - - - - - -

Operating transfers out - 162,360 80,865 311,446 60,600 60,600

Capital leases and installment purchase proceeds - - - - - -

Other items - - - - - -

Excess of revenues and other sources over (under) expenditures and other uses 55,840 (61,857) 105,355 (51,605) 149,617 136,455










Fund balance available (FBA):







In dollars$817,386 962,089 970,976 892,836 970,972 829,080


FBA as a % of GF Net Expenditures:







Unit's FBA %56.2263.8574.1855.9271.7274.40


Group weighted average FBA %98.47120.75124.89116.82119.63123.14


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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None













Combined financial results:







Working capital







Quick ratio







Net income







Cashflow from operations







Depreciation & Amortization Expense































Cash, Investments and Financing
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201120102009200820072006











Population at July 1st of the Previous Year198247247244239238


Population GroupNo Electric 499 and Below No Electric 499 and Below No Electric 499 and Below No Electric 499 and Below No Electric 499 and Below No Electric 499 and Below


Cash &Investments$960,954 $0 $1,525,829 $1,097,447 $1,051,899 $952,052


Investment Earnings7,537 0 25,666 80,860 80,314 26,453


Tax Rate Equivalent0.00210.00000.00760.02620.02800.0157


Tax Rate Equivalent Group weighted average0.00300.00530.01400.04030.05130.0318


Tax Rate Equivalent Statewide weighted average0.03170.02470.01330.05240.09200.0573


Latest year of Revaluation 201020062006200620062002


January 1, Prior Year Assessed Valuation$351,440,648 343,361,465 338,554,542 309,069,399 287,242,455 168,953,290


Tax Rate0.33000.33000.33000.33000.33000.5200


Tax Rate Group weighted average0.26060.31150.28210.26760.36510.3049


Tax Rate State Wide0.41220.40900.42620.42380.44500.4321


Assessment -to-Sales Ratio97.4193.3071.0782.33100.0072.36


Assessment -to-Sales Ratio Group weighted average101.92100.9486.1587.7375.6481.67


Assessment -to-Sales Ratio Statewide101.4798.2790.8188.5388.4192.28


Assessed Valuation Adjusted for Assesment to Sales Ratio$360,784,979 368,018,719 476,367,725 375,403,133 287,242,455 233,489,898


EffectiveTax Rate0.32150.30790.23450.27170.33000.3763


Group weighted average Effective Tax Rate0.26560.31440.24300.23480.27620.2490


Statewide weighted average Effective Tax Rate0.41830.40200.38700.37520.39340.3987


Percent Collected98.680097.760097.840098.760098.690097.5500


Percent Collected Group weighted average97.3195.4695.8796.3297.2597.71


Percent Collected Statewide97.4297.3597.3497.5697.5897.55


Percent Collected Excluding Motor Vehicles98.7697.8297.9098.9198.8597.96


Percent Collected Excluding Motor Vehicles Group weighted average97.7496.0296.7097.1297.7498.29


Percent Collected Excluding Motor Vehicles Statewide weighted average98.2598.2398.3098.6598.5998.61


Percent Collected Motor Vehicles Only 92.1493.6593.6989.1589.6682.60


Percent Collected Motor Vehicles Only Group weighted average81.5883.4082.9984.7783.5984.25


Percent Collected Motor Vehicles Only Statewide weighted average 86.4186.3886.5586.7486.7186.80


Tax Uncollected27,883 38,538 38,754 26,876 26,710 40,087


Tax Rate Equivalent0.00790.01120.01140.00870.00930.0237


Dominant County: Avery






Debt Information








Population GroupUnder 500Under 500Under 500Under 500Under 500Under 500


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 0 0


General Government GO Debt0 0 0 0 0 35,000


Total General Obligation Debt0 0 0 0 0 35,000


Per Capita$0 0 0 0 0 147


Total Per Capita for the Population Group479 591 161 155 201 217


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%0.0000%0.0150%


Total per Assessed Valuation Adjusted for Current Year Sales- Group Average0.1881%0.3447%0.0782%0.0794%0.1282%0.1208%


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 Government1,854,861 2,044,861 2,234,861 1,603,820 1,791,318 784,195


Total*$1,854,861 2,044,861 2,234,861 1,603,820 1,791,318 784,195


* 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 Changes198247247244239238









1.5AFISCAL Governmental Activities Assets3,656,042
3,702,6252,868,9752,627,8481,309,802
1.5BSUMMARYGovernmental Activities Liabilities1,556,009
1,811,5441,146,6501,272,614115,249
3.5A
Business Type Activities Assets2,523,299
2,134,6142,127,6911,974,4141,857,280
3.5B
Business Type Activities Liabilties464,216
636,835736,506851,228829,916
6.5A
Fiduciary Funds Assets





6.5B
Fiduciary Funds Liabilties





10.0PART 2Current Collections of Unit -Wide Levy1,153,463
1,068,727999,378948,140842,159
11.0TAXCurrent Collections of Special Tax Districts





12.0REVENUESPrior Years' Levy Collections




17,585
13.0
Penalties and Interest10,859
3,2835,1907,8724,693
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 Tax39,602
30,11341,19434,59625,547
17.0
1/2% Local Government Option Sales Tax (40)12,766
13,82214,59014,31412,644
18.0
1/2% Local Government Option Sales Tax (42)12,199
13,65814,42714,17112,543
18.5
1/2% Local Government Option Sales Tax (44)-53
9,12113,29812,63011,251
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





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



139,20011,652
31.0
Transportation - Streets





32.0
Transportation - All Other14,891




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 Harmless





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 Tax97,643
109,18890,11697,73085,986
45.0
Beer and Wine Tax1,089
1,0961,1011,0751,051
46.0
Powell Bill24,909
27,64130,64627,40027,844
50.0
Court Fees - Facilities and Arrest Fees





51.0
General Government





52.0
Public Safety





53.0
Transportation - Streets





54.0
Transportation - All Other





55.0
Environmental Protection





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





57.0
Econ. & Phys. Dev. - All Other





58.0
Human Services -Health, Mental Health, Hosp





59.0
Human Services - All Other





60.0
Culture and Recreation





61.0LOCALPayments in Lieu of Taxes - Local





62.0INTERGOVGeneral Government





63.0REVENUESPublic Safety





64.0
Transportation - Streets





65.0
Transportation - All Other





66.0
Environmental Protection





67.0
Economic and Physical Development





68.0
Human Services - Health, Mental Hlt & Hosp





69.0
Human Services - All Other





70.0
Culture and Recreation





71.0PERMITS Building Permits1,896
2,28711,12926,79922,647
72.0& FEESInspection Fees





72.1
Amusements licensing and permit taxes





73.0
Other Permits





74.0SALES &Parking Revenues250
29525260405
75.0SERVICESRents and Royalties





76.0
Airport





77.0
Fire Protection Charges





78.0
Solid Waste





79.0
Ambulance and Rescue Squad Charges





80.0
Cemeteries





81.0
Recreation Service Revenues453,453
457,357493,365414,001365,942
82.0
Library Service Revenues





83.0
Other Cultural and Rec Service Revenues





84.0
Mass Transit - City Operated





85.0
Other Sales and Services16,765
17,74416,22320,71517,959
86.0UTILITYWater and Sewer Charges





87.0REVENUESElectric Charges





88.0
Gas Charges





88.1
Storm Water Fees





89.0MISC.Investment Earnings - Bond Proceeds





90.0REVENUESInvestment Earnings - All Other Funds7,537
25,66680,86080,31426,453
91.0
Special Assessments





92.0
Private Contributions and Donations146,000
36,000

100,000
93.0
Sales of Materials and Fixed Assets





94.0
Sale of Real Property





95.0
Nongovt Contr For Streets & Traffic Signals





96.0
ABC Mixed Drink Surcharge





97.0
ABC Profit Distribution82,488
84,37784,31181,16069,190
98.0
Other Miscellaneous Revenues33,317
11,964185,58911,48937,607
99.0
Proceeds of Sale of Bonds and Notes





100.0
Proceeds of Capital Leases/Install Purchases

890,20024,486
625,000
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





106.0
Deposits Other than Utility





107.0
Prepaid Taxes





108.0
Prepaid Privilege Licenses





109APART 4Governing Body - Salaries & Wages8,119
9,5118,3438,0925,889
109BGENERALGoverning Body - Other Direct9,150
7,0609,8296,1509,859
109CGOVTGoverning Body - Construction





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





110A
Administration - Salaries & Wages249,523
223,487205,510192,592158,660
110B
Administration - Other Direct134,922
101,17098,167228,590104,468
110C
Administration - Construction





110D
Administration - Purchase of P,P&E921

61,0581,544
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

546,304


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 Wages223,146
212,188209,991185,168206,361
119BSAFETYPolice & Comm - Traffic Control - Other Direct35,330
35,02033,32629,21133,164
119C
Police & Comm - Traffic Control - Construction





119D
Police & Comm - Traffic Control - Purchase of P,P&E3,242
3,2103,05720,94920,872
120A
Emergency Communications - Salaries & Wages





120B
Emergency Communications - Other Direct





120C
Emergency Communications - Construction





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





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





120C
ETSF Expenditures - Capital Construction





120D
ETSF Expenditures - Capital Purchases





121A
Emergency Mgmt - Salaries & Wages





121B
Emergency Mgmt - Other Direct





121C
Emergency Mgmt - Construction





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





122A
Fire - Salaries & Wages





122B
Fire - Other Direct





122C
Fire - Construction





122D
Fire - Purchase of P,P&E





123A
Inspectors - Salaries & Wages





123B
Inspectors - Other Direct





123C
Inspectors - Construction





123D
Inspectors - Purchase of P,P&E





124A
Rescue Units - Salaries & Wages





124B
Rescue Units - Other Direct





124C
Rescue Units - Construction





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





125A
Animal Control - Salaries & Wages





125B
Animal Control - Other Direct





125C
Animal Control - Construction





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





126A
Pub. Safety All Other - Salaries & Wages





126B
Pub. Safety All Other - Other Direct





126C
Pub. Safety All Other - Construction





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





127ATRANSPORTraffic Engineering - Salaries & Wages





127BTATIONTraffic Engineering - Other Direct





127C
Traffic Engineering - Construction





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





128A
Streets and Highways - Salaries & Wages282,771
259,491251,465223,186196,875
128B
Streets and Highways - Other Direct98,953
84,1041,346,275181,17093,179
128C
Streets and Highways - Construction





128D
Streets and Highways - Purchase of P,P&E109,841
42,57881,662144,58867,309
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





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 Direct81,129
67,03372,60763,99660,159
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





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 & Wages202,881
203,808187,195189,132215,125
153BRECREATIONRecreation & Parks - Other Direct120,140
159,277118,269116,07097,424
153C
Recreation & Parks - Construction


51697,97832,673
153D
Recreation & Parks - Purchase of P,P&E466,172

89,764274
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





158B
Water & Sewer - Other Direct





158C
Water & Sewer - Construction





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





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





161DSERVICEWater & Sewer - Principal





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 & Fees94,797
103,21651,15962,71417,674
166D
All Other - Principal237,674
260,066291,564168,945134,820
167BPENSIONDirect Benefit Program - Other Direct





168BFRINGEFringe Benefits Unallocated





169B
Separation Allowance - Law Enforcement





170B
Separation Allowance - Other Employees





171B
Supplemental Retirement - Law Enforcement7,300
7,0866,6885,8945,401
172B
Fringe Benefits Other





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





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





173C
Multi-Cnty Libr Dis,Cnty,Or Other - Amount





174A
Gen Gov Activities Shared W/ Cnty - Recipient





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





174C
Gen Gov Activities Shared W/ Cnty - Amount





175A
Highways (Payments to State) - Recipient





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





175C
Highways (Payments to State) - Amount





176A
Other - Intergovt. Expenditures - Recipient





176B
Other - Intergovt. Expenditures - Item #





176C
Other - Intergovt. Expenditures - Amount





177A
Other - Intergovt. Expenditures - Recipient





177B
Other - Intergovt. Expenditures - Item #





177C
Other - Intergovt. Expenditures - Amount





178A
Other - Intergovt. Expenditures - Recipient





178B
Other - Intergovt. Expenditures - Item #





178C
Other - Intergovt. Expenditures - Amount





179.0
Current year's levy -- Excluding motor vehicles1,120,210.1,099,234.001,070,888.00980,855.00920,424.00840,940.00
180.0
Current year's levy -- Motor vehicles (only)13,988.14,524.0016,301.0016,226.0016,115.0022,952.00
181.0PART 6Uncollected Taxes - Current Year's Levy Except Mot Veh13,895.24,014.0022,453.0010,650.0010,595.0017,135.00
182.0OTHERUncollected Taxes - CY Levy -Motor Vehicles1,1009231,0281,7611,6663,993
183.0DATAPercentage of Taxes Collected - All Property %98.6897.7697.8498.7698.6997.55
184.0DATAPercentage of Taxes Collected - Exclude Motor Vehicles%98.7697.8297.9098.9198.8597.96
185.0
Percentage of Taxes Collected - Motor Vehicles %92.1493.6593.6989.1589.6682.60
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 Other960,954
1,525,8291,097,4471,051,899952,052
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 Revenues2,109,074
2,883,4042,418,6713,092,4662,382,940
194BFISCALAmount - Subtract Refunding Bond Proceeds



1,100,000
194CSUMMARYAmount - Subtract Interfund Transfers In

80,865312,74360,60064,782
194D
Amount - Net Revenues2,109,074
2,802,5392,105,9281,931,8662,318,158


Calculated amount2,109,074
2,802,5392,105,9281,931,8662,318,158


Amounts in AGREEMENT??YesYesYesYesYesYes


Difference





195A
Amount - Total Expenditures2,366,011
2,405,4743,438,7232,586,8431,524,694
195B
Amount - Subtract Pymts. to Refunded Debt Agent





195C
Amount - Subtract Interfund Transfers Out

80,865312,74360,60064,782
195D
Amount - Net Expenditures2,366,011
2,324,6093,125,9802,526,2431,459,912


Calculated amount2,366,011
2,324,6093,125,9802,526,2431,459,912


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 Water





402BOperationsAmount processed and/or purchased in units Sewer





403A
Total amount billed in units - Water





403B
Total amount billed in units - Sewer





404A
Of the total in 403A above how many units were Residential W





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





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





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 above





408B
Dollars related to 403B above





409A
Dollars related to 404A above





409B
Dollars related to 404B above





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 - Water





421B
Number of residential accounts billed - Sewer





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





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





423A
Estimated percentage of accounts outside of municipal limits
































950.0
OfficialKay Sudderth

951.0
TitleFinance Officer

952.0
Date01/00/190001/00/190001/00/190012/17/200812/03/200710/26/2006
953.0
ContactKay Sudderth

954.0
TitleFinance Officer

955.0
Phone828-898-9293




956.0
Fax828-898-9293




957.0
E-Mail:


















Financial Graphs and Comparisons


Go to top of page
Analysis of Available Fund Balance:  General Fund

20072008200920102011
Unit's FBA %71.72%55.92%74.18%63.85%56.22%
Group average FBA %119.63%116.82%124.89%120.75%98.47%
State average Electric/Non Electric Group FBA %37.39%36.66%37.89%38.70%41.07%
State average FBA %36.54%36.34%119.63%37.47%39.53%






Municipal Population Group: No Electric 499 and Below

Go to top of page
Analysis of Property Tax

20072008200920102011
Municipality98.69%98.76%97.84%97.76%98.68%
Pop. Group97.25%96.32%95.87%95.46%97.31%
Statewide97.58%97.56%97.34%97.35%97.42%






Municipal Population Group: No Electric 499 and Below






Go to top of page
Analysis of General Obligation Debt

20072008200920102011
Municipality00000
Pop. Group201155161591479
Statewide478456455449450






Municipal Population Group: Under 500






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Analysis of Revenue

20072008200920102011
Property Tax$4,0004,1174,34005,880
Utility00000
Sales Tax3173432700326
Sales & Services1,8202,0891,92502,376
Intergovernmental1,1104995580700
Debt Proceeds01003,60400
Other Miscellaneous8361,48364901,370
Total$8,0838,63111,346010,652

Go to top of page
Analysis of Revenue for Fiscal 2011











2011
2011
CategoryRevenue
Per Capita
Property Tax$1,164,322
$5,880
Water/Sewer0
0
Electric0
0
Utility0
0
Sales Tax64,514
326
Sales & Services470,468
2,376
Intergovernment138,532
700
Debt Proceeds0
0
Miscellaneous271,238
1,370
Total$2,109,074
$10,652





Municipal Population Group: No Electric 499 and Below





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Analysis of Expenditures by Function for Fiscal 2011











2011
2011
CategoryExpenditures
Per Capita
General Government$402,635
$2,033
Water/Sewer0
0
Electric0
0
Utilities0
0
Debt Service332,471
1,679
Transportation491,565
2,483
Public Safety269,018
1,359
Other870,322
4,396
Total$2,366,011
$11,950





Municipal Population Group: No Electric 499 and Below





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Analysis of Expenditures by Object for Fiscal 2011






2011
2011
CategoryExpenditures
Per Capita
Salaries & Wages$966,440
$4,881
Water/Sewer Capital0
0
Electric Capital0
0
Capital Outlay580,176
2,930
Other Operating819,395
4,139
Total$2,366,011
$11,950





Municipal Population Group: No Electric 499 and Below






Last Updated 6/15/2012 11:47:28 AM