North Carolina
Department of State Treasurer
Financial Information
Town of Broadway

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

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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 Go to top of page			2011	2010	2009	2008	2007	2006
	Revenues by Source
		Property Tax	$353,099	360,908	359,022	361,495	321,432	315,175
		Utility	364,798	363,786	361,611	351,976	345,745	346,348
		Sales Tax	191,657	185,761	196,316	220,777	209,835	192,243
		Sales & Services	92,652	105,194	92,715	91,243	90,789	71,429
		Intergovernmental	107,063	93,055	105,427	106,184	89,631	80,635
		Debt Proceeds	16,668	20,657	3,475	1,512	4,346	1,211
		Other Miscellaneous	30,546	64,984	31,960	44,327	27,645	21,619
		Total	$1,156,483	1,194,345	1,150,526	1,177,514	1,089,423	1,028,660

	Expenditures by Function
		Utility	$230,667	217,365	202,103	234,894	200,807	185,621
		Debt Service	81,549	73,304	74,236	75,149	74,969	74,585
		Transportation	201,089	26,065	25,970	46,263	36,488	23,656
		General Government	364,327	436,558	382,175	390,577	412,795	358,174
		Public Safety	231,128	245,312	231,921	203,905	224,389	214,376
		Other	100,494	94,107	85,214	75,109	69,738	64,244
		Total	$1,209,254	1,092,711	1,001,619	1,025,897	1,019,186	920,656

	Expenditures by Object
		Salaries & Wages	$496,898	460,784	458,439	439,779	487,000	476,678
		Capital Outlay	202,574	141,012	65,187	98,342	119,856	37,517
		Other Operating + Debt Service	509,782	490,915	477,993	487,776	412,330	406,461
		Total	$1,209,254	1,092,711	1,001,619	1,025,897	1,019,186	920,656


	Per Capita Revenues by Source
		Property Tax	$286	323	325	331	297	295
		Utility	296	326	327	323	320	325
		Sales Tax	155	167	178	202	193	180
		Sales & Services	75	94	84	84	84	67
		Intergovernmental	87	83	95	97	83	76
		Debt Proceeds	14	18	3	1	4	1
		Other Miscellaneous	25	58	29	41	26	20
		Total	$938	1,069	1,041	1,079	1,007	964

	Per Capita Expenditures by Function
		Utility	$187	195	183	215	186	174
		Debt Service	66	66	67	69	69	70
		Transportation	163	23	24	42	34	22
		General Government	296	390	345	358	382	336
		Public Safety	187	220	210	187	207	201
		Other	82	84	77	69	64	60
		Total	$981	978	906	940	942	863

	Per Capita Expenditures by Object
		Salaries & Wages	$403	413	415	403	450	447
		Capital Outlay	164	126	59	90	111	35
		Other Operating	414	439	432	447	381	381
		Total	$981	978	906	940	942	863

	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
		Number of Municipalites in Group	102	96	100	101	101	103
		Average Population In Group	1,623	1,660	1,652	1,661	1,642	1,638
		Town of Broadway Population	1,233	1,117	1,105	1,091	1,082	1,067
	Group Average Per Capita Revenues by Source
		Property Tax	433	414	422	406	369	348
		Utility	472	435	436	423	430	399
		Sales Tax	154	153	178	201	195	180
		Sales & Services	103	82	76	80	77	71
		Intergovernmental	274	233	228	217	220	243
		Debt Proceeds	36	39	33	46	38	46
		Other Miscellaneous	100	129	162	261	203	273
		Total	1,572	1,485	1,535	1,634	1,532	1,560

	Group Average Per Capita Expenditures by Function
		Utility	465	499	531	572	461	487
		Debt Service	139	130	154	126	110	108
		Transportation	148	142	148	140	142	131
		General Government	239	204	216	265	201	222
		Public Safety	391	348	350	384	346	326
		Other	197	177	201	203	206	205
		Total	1,579	1,500	1,600	1,690	1,466	1,479

	Group Average Per Capita Expenditures by Object
		Salaries & Wages	527	465	480	450	427	402
		Capital Outlay	244	258	302	483	305	373
		Other Operating	808	777	818	757	733	704
		Total	1,579	1,500	1,600	1,690	1,465	1,479


General Fund Go to top of page			2011	2010	2009	2008	2007	2006
	General Fund revenues		$777,256	806,470	788,127	821,829	742,582	681,202
	General Fund expenditures		897,038	802,042	725,280	715,854	743,410	660,450
	Operating transfers in		-	-	-	-	-	-
	Operating transfers out		-	-	-	-	-	-
	Capital leases and installment purchase proceeds		-	22,772	-	-	-	-
	Other items		-	-	-	-	-	-
	Excess of revenues and other sources over (under) expenditures and other uses		(119,782)	27,200	62,847	105,975	(828)	20,752

	Fund balance available (FBA):
		In dollars	$0	754,008	714,589	648,643	535,789	528,585
		FBA as a % of GF Net Expenditures:
		Unit's FBA %	0.00	96.76	98.53	90.61	72.07	80.03
		Group weighted average FBA %	73.24	66.79	66.05	62.44	65.48	64.58
		State weighted average Non-Electric Group	26.68	38.71	37.89	36.66	37.39	37.38
		State weighted average FBA %	29.01	37.47	37.03	36.35	36.54	36.96


Enterprise Funds: Go to top of page
	Water/Sewer

	Combined financial results:
		Working capital	$258,873	213,239	146,711	93,559	54,665	(29)
		Quick ratio	2.56	2.32	1.86	1.55	1.30	1.00
		Net income	24,072	32,303	72,034	39,599	8,075	24,795
		Cashflow from operations	164,573	190,453	160,551	134,078	133,689	177,211
		Depreciation & Amortization Expense	101,951	98,179	93,322	92,330	91,990	89,457



Cash, Investments and Financing Go to top of page			2011	2010	2009	2008	2007	2006

		Population at July 1st of the Previous Year	1,233	1,117	1,105	1,091	1,082	1,067
		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
		Cash &Investments	$890,869	$1,157,744	$997,894	$868,558	$759,383	$74,131
		Investment Earnings	9,171	13,540	14,319	23,401	21,832	15,925
		Tax Rate Equivalent	0.0113	0.0165	0.0177	0.0286	0.0320	0.0248
		Tax Rate Equivalent Group weighted average	0.0031	0.0045	0.0131	0.0261	0.0409	0.0283
		Tax Rate Equivalent Statewide weighted average	0.0156	0.0247	0.0133	0.0524	0.0920	0.0573
		Latest year of Revaluation	2007	2007	2007	2007	2003	2003
		January 1, Prior Year Assessed Valuation	$80,959,663	81,964,429	81,041,867	81,787,350	68,162,282	64,171,062
		Tax Rate	0.4400	0.4400	0.4400	0.4400	0.6100	0.4900
		Tax Rate Group weighted average	0.2777	0.2970	0.2983	0.2860	0.3424	0.3297
		Tax Rate State Wide	0.4122	0.4090	0.4262	0.4238	0.4450	0.4321
		Assessment -to-Sales Ratio	96.20	95.77	93.94	100.00	87.93	88.75
		Assessment -to-Sales Ratio Group weighted average	100.82	97.69	86.77	88.94	79.96	85.71
		Assessment -to-Sales Ratio Statewide	101.47	98.27	90.81	88.53	88.41	92.28
		Assessed Valuation Adjusted for Assesment to Sales Ratio	$84,157,654	85,584,660	86,269,818	81,787,350	77,518,801	72,305,422
		EffectiveTax Rate	0.4233	0.4214	0.4133	0.4400	0.5364	0.4349
		Group weighted average Effective Tax Rate	0.2800	0.2901	0.2589	0.2544	0.2737	0.2826
		Statewide weighted average Effective Tax Rate	0.4183	0.4020	0.3870	0.3752	0.3934	0.3987
		Percent Collected	97.3100	97.8200	97.7200	97.3500	96.8100	97.3900
		Percent Collected Group weighted average	96.53	95.37	95.99	96.86	97.18	96.94
		Percent Collected Statewide	97.59	97.36	97.34	97.56	97.58	97.55
		Percent Collected Excluding Motor Vehicles	98.14	98.68	98.75	98.70	98.01	99.01
		Percent Collected Excluding Motor Vehicles Group weighted average	97.18	95.99	96.67	97.78	98.01	97.76
		Percent Collected Excluding Motor Vehicles Statewide weighted average	98.35	98.23	98.30	98.65	98.59	98.61
		Percent Collected Motor Vehicles Only	89.64	89.80	89.46	87.01	88.84	86.83
		Percent Collected Motor Vehicles Only Group weighted average	84.33	85.45	84.60	85.16	86.07	85.54
		Percent Collected Motor Vehicles Only Statewide weighted average	87.28	86.34	86.55	86.74	86.71	86.80
		Tax Uncollected	40,799	38,981	43,299	45,881	48,108	44,501
		Tax Rate Equivalent	0.0504	0.0476	0.0534	0.0561	0.0706	0.0693
		Dominant County: Lee
	Debt Information
		Population Group	1,000 to 2,499	1,000 to 2,499	1,000 to 2,499	1,000 to 2,499	1,000 to 2,499	1,000 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	$610,000	635,000	668,000	700,000	731,000	760,000
		General Government GO Debt	0	0	0	0	0	0
		Total General Obligation Debt	610,000	635,000	668,000	700,000	731,000	760,000
		Per Capita	$495	568	605	642	676	712
		Total Per Capita for the Population Group	236	256	265	277	294	297
		Total Per Capita Statewide	450	449	455	456	478	495
		Total per Assessed Valuation Adjusted for Current Year Sales	0.7248%	0.7420%	0.7743%	0.8559%	0.9430%	1.0511%
		Total per Assessed Valuation Adjusted for Current Year Sales- Group Average	0.1642%	0.1838%	0.1750%	0.1852%	0.2336%	0.2606%
		Total per Assessed Valuation Adjusted for Current Year Sales - Statewide	0.4280%	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 Government	0	0	0	0	0	0
		Total*	$0	0	0	0	0	0
		* The total only includes the contracts that require Local Government Commission approval.
		Revenue Bond Debt	$0	0	0	0	0	0


Annual Financial Information Report Detail Go to top of page
Line	Section	Description	2011	2010	2009	2008	2007	2006
	Population at July 1st of the Previous Year Adjusted for Boundry Changes		1,233	1,117	1,105	1,091	1,082	1,067

1.5A	FISCAL	Governmental Activities Assets	1,499,605	1,545,582	1,398,240	1,299,478	1,178,032	1,100,802
1.5B	SUMMARY	Governmental Activities Liabilities	96,735	192,368	137,364	105,029	112,323	120,649
3.5A		Business Type Activities Assets	2,143,858	2,143,267	2,151,701	2,106,082	2,104,110	2,131,024
3.5B		Business Type Activities Liabilties	650,720	674,201	714,938	741,353	778,980	813,969
6.5A		Fiduciary Funds Assets
6.5B		Fiduciary Funds Liabilties
10.0	PART 2	Current Collections of Unit -Wide Levy	347,066	353,013	347,986	350,848	314,597	306,812
11.0	TAX	Current Collections of Special Tax Districts
12.0	REVENUES	Prior Years' Levy Collections	6,033	7,895	10,840	10,647	6,835	8,363
13.0		Penalties and Interest
14.0		Collections of Taxes Previously Written Off			196
15.0		Animal Tax
15.1		Solid Waste Disposal Tax	1,006
16.0		1% Local Government Option Sales Tax	81,779	78,488	82,022	93,824	86,260	85,143
17.0		1/2% Local Government Option Sales Tax (40)	70,634	64,844	51,264	43,835	43,074	36,243
18.0		1/2% Local Government Option Sales Tax (42)	39,076	37,595	39,554	43,425	42,703	35,857
18.5		1/2% Local Government Option Sales Tax (44)	168	4,834	23,476	39,693	37,798	35,000
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				14,529	5,813	5,694
23.0		Local Occupancy Tax
24.0		Prepared Food Tax
25.0		911 Charges
26.0		Gross Short Term lease and Rental Tax
27.0	FEDERAL	Payments In Lieu of Taxes - Federal
28.0	INTERGOV	Equitable Sharing of Fed. Forfeited Prop.
29.0	REVENUES	General Government
30.0		Public Safety					1,266
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
39.0	STATE	Payments In Lieu of Taxes - State
40.0	INTERGOV	Unauthorized Substance Tax		1,640	1,798	2,275
41.0	REVENUES	Transitional 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 Tax	67,532	55,659	55,348	56,573	45,844	39,239
45.0		Beer and Wine Tax	4,899	1,567	4,868	4,951	4,787	4,455
46.0		Powell Bill	34,632	34,189	38,018	42,385	37,734	36,941
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
61.0	LOCAL	Payments in Lieu of Taxes - Local
62.0	INTERGOV	General Government
63.0	REVENUES	Public Safety			5,395
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
71.0	PERMITS	Building Permits
72.0	& FEES	Inspection Fees
72.1		Amusements licensing and permit taxes
73.0		Other Permits
74.0	SALES &	Parking Revenues
75.0	SERVICES	Rents and Royalties	20,693	20,251	20,437	18,953	17,386	12,550
76.0		Airport
77.0		Fire Protection Charges
78.0		Solid Waste	60,659	65,668	66,653	66,665	66,478	58,879
79.0		Ambulance and Rescue Squad Charges
80.0		Cemeteries	11,300	19,275	5,625	5,625	6,925
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
86.0	UTILITY	Water and Sewer Charges	364,798	363,786	361,611	351,976	345,745	346,348
87.0	REVENUES	Electric Charges
88.0		Gas Charges
88.1		Storm Water Fees
89.0	MISC.	Investment Earnings - Bond Proceeds
90.0	REVENUES	Investment Earnings - All Other Funds	9,171	13,540	14,319	23,401	21,832	15,925
91.0		Special Assessments
92.0		Private Contributions and Donations	21,375	21,087	17,641	6,397
93.0		Sales of Materials and Fixed Assets		7,585
94.0		Sale of Real Property
95.0		Nongovt Contr For Streets & Traffic Signals
96.0		ABC Mixed Drink Surcharge
97.0		ABC Profit Distribution
98.0		Other Miscellaneous Revenues	5,668	20,657	3,475	1,512	4,346	1,211
99.0		Proceeds of Sale of Bonds and Notes	11,000
100.0		Proceeds of Capital Leases/Install Purchases		22,772
101.0		Other
102.0	NON-REV	School - Current Levy Collections
103.0	RECEIPTS	Prior Years' Levy Collections
104.0		Tax Collections for Other Units
105.0		Utilities Customer's Deposits		249
106.0		Deposits Other than Utility
107.0		Prepaid Taxes		-38
108.0		Prepaid Privilege Licenses
109A	PART 4	Governing Body - Salaries & Wages	9,301	9,301	9,301	9,301	8,640	7,860
109B	GENERAL	Governing Body - Other Direct	55	2,757	105	5,823	679	2,442
109C	GOVT	Governing Body - Construction
109D		Governing Body - Purchase of P,P&E
110A		Administration - Salaries & Wages	70,693	66,382	65,483	62,071	60,440	58,047
110B		Administration - Other Direct	47,879	39,405	40,635	44,291	42,994	45,713
110C		Administration - Construction
110D		Administration - Purchase of P,P&E		63,497	42,000	51,149
111A		Elections - Salaries & Wages
111B		Elections - Other Direct
111C		Elections - Construction
111D		Elections - Purchase of P,P&E
112A		Finance - Salaries & Wages	78,094	74,264	73,916	70,181	57,880	65,098
112B		Finance - Other Direct	27,777	26,475	26,179	30,394	34,302	30,031
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	91,711	86,977	85,258	79,999	77,752	74,756
115B		Public Buildings - Other Direct	38,817	35,882	38,960	33,119	32,513	36,374
115C		Public Buildings - Construction
115D		Public Buildings - Purchase of P,P&E		31,618		3,913	97,259	37,517
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			338	336	336	336
118C		Gen. Govt. All Other - Construction
118D		Gen. Govt. All Other - Purchase of P,P&E
119A	PUBLIC	Police & Comm - Traffic Control - Salaries and Wages	190,861	171,287	171,043	167,065	167,483	161,606
119B	SAFETY	Police & Comm - Traffic Control - Other Direct	25,617	37,815	26,770	23,382	25,515	15,107
119C		Police & Comm - Traffic Control - Construction
119D		Police & Comm - Traffic Control - Purchase of P,P&E	8,117	22,772	23,187	2,530	22,597
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						31,000
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
127A	TRANSPOR	Traffic Engineering - Salaries & Wages
127B	TATION	Traffic Engineering - Other Direct
127C		Traffic Engineering - Construction
127D		Traffic Engineering - Purchase of P,P&E
128A		Streets and Highways - Salaries & Wages
128B		Streets and Highways - Other Direct	33,259	26,065	25,970	46,263	36,488	23,656
128C		Streets and Highways - Construction
128D		Streets and Highways - Purchase of P,P&E
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	167,830
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
136A	ENVIRON	Solid Waste - Salaries & Wages					65,892	60,308
136B	MENTAL	Solid Waste - Other Direct	77,246	72,015	68,567	69,422
136C	PROTECTION	Solid 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	688	333
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
140A	ECONOMIC	Planning & Zoning - Salaries & Wages
140B	& PHYSICAL	Planning & Zoning - Other Direct
140C	DEVELOP	Planning & 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
146A	HUMAN	Health - Salaries & Wages
146B	SERVICES	Health - 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
153A	CULTURE	Recreation & Parks - Salaries & Wages
153B	RECREATION	Recreation & Parks - Other Direct	22,560	21,759	16,647	5,687
153C		Recreation & Parks - Construction
153D		Recreation & Parks - Purchase of P,P&E
154A		Coliseum - Salaries & Wages
154B		Coliseum - Other Direct
154C		Coliseum - Construction
154D		Coliseum - Purchase of P,P&E
155A		Museums - Salaries & Wages
155B		Museums - Other Direct
155C		Museums - Construction
155D		Museums - Purchase of P,P&E
156A		Libraries - Salaries & Wages
156B		Libraries - Other Direct
156C		Libraries - Construction
156D		Libraries - Purchase of P,P&E
157A		Cult. & Recr. All Other - Salaries & Wages
157B		Cult. & Recr. All Other - Other Direct					3,846	3,936
157C		Cult. & Recr. All Other - Construction
157D		Cult. & Recr. All Other - Purchase of P,P&E
158A	UTILITY	Water & Sewer - Salaries & Wages	56,238	52,573	53,438	51,162	48,913	49,003
158B		Water & Sewer - Other Direct	147,802	141,667	148,665	142,982	151,894	136,618
158C		Water & Sewer - Construction
158D		Water & Sewer - Purchase of P,P&E	26,627	23,125		40,750
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
161B	DEBT	Water & Sewer - Interest & Fees	45,549	40,304	42,236	44,149	29,000	27,000
161D	SERVICE	Water & Sewer - Principal	36,000	33,000	32,000	31,000	45,969	47,585
162B		Electric - Interest & Fees
162D		Electric - Principal
163B		Gas - Interest & Fees
163D		Gas - Principal
164B		School - Interest & Fees
164D		School - Principal
165B		Hospital - Interest & Fees
165D		Hospital - Principal
166B		All Other - Interest & Fees
166D		All Other - Principal
167B	PENSION	Direct Benefit Program - Other Direct
168B	FRINGE	Fringe Benefits Unallocated
169B		Separation Allowance - Law Enforcement		4,533	4,533	4,533	2,266
170B		Separation Allowance - Other Employees
171B		Supplemental Retirement - Law Enforcement	6,533	8,905	6,388	6,395	6,528	6,663
172B		Fringe Benefits Other
173A	INTERGOV	Multi-Cnty Libr Dis,Cnty,Or Other - Recipient
173B	EXPEND	Multi-Cnty Libr Dis,Cnty,Or Other - Item #
173C		Multi-Cnty Libr Dis,Cnty,Or Other - Amount
174A		Gen Gov Activities Shared W/ Cnty - Recipient
174B		Gen Gov Activities Shared W/ Cnty - Item #
174C		Gen Gov Activities Shared W/ Cnty - Amount
175A		Highways (Payments to State) - Recipient
175B		Highways (Payments to State) - Item No.
175C		Highways (Payments to State) - Amount
176A		Other - Intergovt. Expenditures - Recipient
176B		Other - Intergovt. Expenditures - Item #
176C		Other - Intergovt. Expenditures - Amount
177A		Other - Intergovt. Expenditures - Recipient
177B		Other - Intergovt. Expenditures - Item #
177C		Other - Intergovt. Expenditures - Amount
178A		Other - Intergovt. Expenditures - Recipient
178B		Other - Intergovt. Expenditures - Item #
178C		Other - Intergovt. Expenditures - Amount
179.0		Current year's levy -- Excluding motor vehicles	321,070.	325,296.00	316,766.00	318,666.00	282,490.00	273,246.00
180.0		Current year's levy -- Motor vehicles (only)	34,825.	34,679.00	39,332.00	41,743.00	42,478.00	41,786.00
181.0	PART 6	Uncollected Taxes - Current Year's Levy Except Mot Veh	5,974.	4,302.00	3,967.00	4,138.00	5,630.00	2,715.00
182.0	OTHER	Uncollected Taxes - CY Levy -Motor Vehicles	3,608	3,536	4,145	5,423	4,741	5,505
183.0	DATA	Percentage of Taxes Collected - All Property %	97.31	97.82	97.72	97.35	96.81	97.39
184.0	DATA	Percentage of Taxes Collected - Exclude Motor Vehicles%	98.14	98.68	98.75	98.70	98.01	99.01
185.0		Percentage of Taxes Collected - Motor Vehicles %	89.64	89.80	89.46	87.01	88.84	86.83
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
189A	PART 7	Cash On Hand & in Bank - Debt Service
189B	CASH &	Cash On Hand & in Bank - Construction Bond
189C	INVEST	Cash On Hand & in Bank - All Other	890,869	1,157,744	997,894	868,558	759,383	74,131
190A	PART	Appropriations Made During FY - B(1) - B(7)
190B	8	Expenditures 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
194A	PART 9	Amount - Total Revenues	1,756,489	1,194,345	1,150,526	1,177,514	1,089,423	1,028,660
194B	FISCAL	Amount - Subtract Refunding Bond Proceeds	599,000
194C	SUMMARY	Amount - Subtract Interfund Transfers In
194D		Amount - Net Revenues	1,157,489	1,194,345	1,150,526	1,177,514	1,089,423	1,028,660
		Calculated amount	1,157,489	1,194,345	1,150,526	1,177,514	1,089,423	1,028,660
		Amounts in AGREEMENT??	Yes	Yes	Yes	Yes	Yes	Yes
		Difference
195A		Amount - Total Expenditures	1,808,254	1,092,711	1,001,619	1,025,897	1,019,186	920,656
195B		Amount - Subtract Pymts. to Refunded Debt Agent	599,000
195C		Amount - Subtract Interfund Transfers Out
195D		Amount - Net Expenditures	1,209,254	1,092,711	1,001,619	1,025,897	1,019,186	920,656
		Calculated amount	1,209,254	1,092,711	1,001,619	1,025,897	1,019,186	920,656
		Amounts in AGREEMENT??	Yes	Yes	Yes	Yes	Yes	Yes
		Difference

401A	Part 10	Number of residential accounts billed Water					2,501
401B	Water /	Number of residential accounts billed Sewer					1,476
402A	Sewer	Amount processed and/or purchased in units Water	33	33,523,864	35	36,796	36,061
402B	Operations	Amount processed and/or purchased in units Sewer	20	25,500,000	25	23,869	28,292
403A		Total amount billed in units - Water	29	28,757,615	29	29,529	27,180
403B		Total amount billed in units - Sewer	24	24,034,415	23	25,196	23,815
404A		Of the total in 403A above how many units were Residential W	25	25,549	25	25,955	23,952
404B		Of the total in 403B above how many units were Residential S					2,517
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					2,501
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	195,207	194,149	193,935	193,614	178,932
408A		Dollars related to 403A above	164,413	164,891	161,553	170,173	162,663
408B		Dollars related to 403B above	176,115	175,826	174,878	174,172	161,035
409A		Dollars related to 404A above	145,744	147,125	143,214	151,580	138,879
409B		Dollars related to 404B above					27,433
410A		Dollars related to 405A above
410B		Dollars related to 405B above					27,029
411A		Dollars related to 406A above
411B		Dollars related to 406B above
412A		Dollars related to 407A above
412B		Dollars related to 407B above	633	622	617	612
421A		Number of residential accounts billed - Water	525	519	517	517
421B		Number of residential accounts billed - Sewer	54	55	54	54
422A		Number of non-residential & bulk accounts billed - Water	50	50	50	50
422B		Number of non-residential & bulk accounts billed - Sewer	2	2	2	2	2	2
423A		Estimated percentage of accounts outside of municipal limits



950.0		Official	Robert W. Stevens
951.0		Title	Town Manager
952.0		Date	10/31/2011	10/22/2010	10/09/2009	10/24/2008	10/31/2007	12/20/2006
953.0		Contact	Robert W. Stevens
954.0		Title	Town Manager
955.0		Phone	919-258-9922
956.0		Fax	919-258-9831
957.0		E-Mail:

Go to top of page Key Ratios and Operations Statistics of Water and Sewer Systems for
Town of Broadway

	2011	2010	2009	2008	2007	2006

Population	1,233	1,117	1,105	1,091	1,082	1,067
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	$0	364,134	358,986	351,976	345,745	346,348
Total Operating Revenues Per Capita	$0	326	325	323	320	325
Group Weighted Average Revenues Per Capita	34	289	290	290	274	263
State Weighted Average Revenues Per Capita	7	272	252	255	255	249

% to Total Operating Revenues
Operating Expenses	0.00%	80.31%	82.29%	81.39%	84.69%	79.42%
Group Weighted Average	99.05%	105.51%	106.51%	104.66%	105.75%	103.04%
State Weighted Average	91.62%	83.21%	87.12%	84.06%	80.00%	79.32%

Operating Margin	0.00%	19.69%	17.71%	18.61%	15.31%	20.58%
Group Weighted Average	0.95%	-5.51%	-6.51%	-4.66%	-5.75%	-3.04%
State Weighted Average	8.38%	16.79%	12.88%	15.94%	20.00%	20.68%

Operating Transfers In	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Group Weighted Average	16.51%	10.42%	6.34%	4.91%	3.25%	3.52%
State Weighted Average	27.09%	1.59%	1.20%	1.28%	1.10%	1.57%

Operating Transfers Out	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Group Weighted Average	18.35%	1.61%	7.42%	1.88%	2.88%	15.74%
State Weighted Average	52.67%	1.55%	2.65%	3.15%	1.86%	2.84%

Net Income before capital contributions	0.00%	8.87%	6.16%	5.57%	2.34%	7.16%
Group Weighted Average	-77.01%	11.11%	-26.45%	26.08%	15.63%	14.62%
State Weighted Average	643.66%	15.82%	-9.92%	18.20%	25.61%	24.40%

Key Ratios and Cash Flow

Quick Ratio	2.56	2.32	1.86	1.55	1.30	1.00
Group Weighted Average	3.96	3.33	3.09	2.80	3.18	3.56
State Weighted Average	4.02	3.21	2.82	2.96	2.91	2.83

Days Sales in Receivables	8.0	48.4	46.1	43.5	50.1	44.5
Group Weighted Average	4.1	45.5	45.4	50.5	49.9	43.3
State Weighted Average	1.2	57.9	58.5	56.7	61.6	59.8

Days Cash on Hand	0.0	614.1	427.9	362.0	329.2	295.7
Group Weighted Average	-105.6	471.6	447.9	455.0	692.9	524.2
State Weighted Average	-16.4	614.6	560.8	588.9	647.0	571.9

Cash flow from Operations	$164,573	190,453	160,551	134,078	133,689	177,211

Debt to Equity	0.00	0.43	0.46	0.51	0.55	0.58
Group Weighted Average	0.27	0.24	0.26	0.29	0.27	0.28
State Weighted Average	0.22	0.59	0.54	0.54	0.55	0.55

Debt per Capita	0	568	605	642	676	712
Group Weighted Average	38	422	451	482	433	421
State Weighted Average	8	897	783	781	761	733

Capital Expenditures:	2011	2010	2009	2008	2007	2006
	$0	0	0	0	0	0

	2005	2004	2003	2002
	$4,416	10,395	23,911	2,827

Capital Contributions: Excluded from income above	$0	0	49,921	20,000	0	0


Operating Statistics

Estimated population of the areas served Water	0	0	0	0	1,476	NA
Estimated population of the areas served Sewer	0	0	0	0	1,476	NA

Number of Gallons of Water Processed (000) omitted	33	33,523,864	35	36,796	36,061	NA
Number of Gallons of Sewage Processed (000) omitted	20	25,500,000	25	23,869	28,292	NA

Number of Gallons of Water Billed (000) omitted	29	28,757,615	29	29,529	27,180	NA
Number of Gallons of Sewage Billed (000) omitted	24	24,034,415	23	25,196	23,815	NA

Ratio of Water Billed to Water Processed	0.87565	0.85783	0.82115	0.80251	0.75372	NA
Ratio of Sewage Billed to Sewage Processed	1.20111	0.94253	0.93881	1.05560	0.84176	NA

Total Revenue from Water Sales	195,207	194,149	193,935	193,614	178,932	NA
Total Revenue from Sewage Sales	164,413	164,891	161,553	170,173	162,663	NA

Water Revenue per 1000 gallons of Sales					121.22764	NA
Sewage Revenue per 1000 gallons of Sales					110.20528	NA

Group Average Sales per thousand Gallons Water	$0.00016	$58.68442	$27.87923	$1,769.81984	$14,046.04813	NA
Group Average Sales per thousand Gallons Sewage	$0.00023	$82.78241	$36.57171	$899.82774	$7,994.92601	NA

State Average Sales per thousand Gallons Water	$0.00381	$25.16691	$28.47236	$12,972.02948	$5,350.70834	NA
State Average Sales per thousand Gallons Sewage	$0.00272	$48.57325	$47.83284	$11,816.81710	$3,994.76021	NA

Residential Water Sales per thousand Gallons	$6,930.91657	6.88195	6,917.64241	6.71054	6.72324	NA
Residential Sewage Sales per thousand Gallons	$6,980.09914	0.00693	7,114.45604	6.85169	6.64016	NA

Water Sales per thousand Gallons outside Municipal Limits					10.89909	NA
Sewage Sales per thousand Gallons outside Municipal Limits						NA

Total Water Sales per thousand gallons for Redistribution	$0.00000	0.00000	0.00000	0.00000	0.00000	NA
Total Sewage Sales per thousand gallons for Redistribution	$0.00000	0.00000	0.00000	0.00000	0.00000	NA

Financial Graphs and Comparisons

Analysis of Available Fund Balance: General Fund
Analysis of Property Tax Collection %
Analysis of General Obligation Debt
Analysis of Revenue (5 years)
Analyis of Revenue (most recent fiscal year)
Analysis of Expenditures by Function
Analysis of Expenditures by Object

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Analysis of Available Fund Balance: General Fund

	2007	2008	2009	2010	2011
Unit's FBA %	72.07%	90.61%	98.53%	96.76%	0.00%
Group average FBA %	65.48%	62.44%	66.05%	66.79%	73.24%
State average Electric/Non Electric Group FBA %	37.39%	36.66%	37.89%	38.71%	26.68%
State average FBA %	36.54%	36.35%	65.48%	37.47%	29.01%

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

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2007 2008 2009 2010 2011

Municipality 96.81% 97.35% 97.72% 97.82% 97.31%

Pop. Group 97.18% 96.86% 95.99% 95.37% 96.53%

Statewide 97.58% 97.56% 97.34% 97.36% 97.59%

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

	2007	2008	2009	2010	2011
Municipality	96.81%	97.35%	97.72%	97.82%	97.31%
Pop. Group	97.18%	96.86%	95.99%	95.37%	96.53%
Statewide	97.58%	97.56%	97.34%	97.36%	97.59%

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

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2007 2008 2009 2010 2011

Municipality 676 642 605 568 495

Pop. Group 294 277 265 256 236

Statewide 478 456 455 449 450

Municipal Population Group: 1,000 to 2,499

	2007	2008	2009	2010	2011
Municipality	676	642	605	568	495
Pop. Group	294	277	265	256	236
Statewide	478	456	455	449	450

Municipal Population Group: 1,000 to 2,499

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2007 2008 2009 2010 2011

Property Tax $297 331 325 323 286

Utility 320 323 327 326 296

Sales Tax 193 202 178 167 155

Sales & Services 84 84 84 94 75

Intergovernmental 83 97 95 83 87

Debt Proceeds 4 1 3 18 14

Other Miscellaneous 26 41 29 58 25

Total $1,007 1,079 1,041 1,069 938

	2007	2008	2009	2010	2011
Property Tax	$297	331	325	323	286
Utility	320	323	327	326	296
Sales Tax	193	202	178	167	155
Sales & Services	84	84	84	94	75
Intergovernmental	83	97	95	83	87
Debt Proceeds	4	1	3	18	14
Other Miscellaneous	26	41	29	58	25
Total	$1,007	1,079	1,041	1,069	938

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2011
2011

Category Revenue
Per Capita

Property Tax $353,099
$286

Water/Sewer 0
0

Electric 364,798
296

Other Utilities 0
0

Sales Tax 191,657
155

Sales & Services 92,652
75

Intergovernment 107,063
87

Debt Proceeds 16,668
14

Miscellaneous 30,546
25

Total $1,156,483
$938

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

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2011
2011

Category Expenditures
Per Capita

General Government $364,327
$296

Water/Sewer 0
0

Electric 230,667
187

Other Utilities 0
0

Debt Service 81,549
66

Transportation 201,089
163

Public Safety 231,128
187

Other 100,494
82

Total $1,209,254
$981

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

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2011
2011

Category Expenditures
Per Capita

Salaries & Wages $496,898
$403

Water/Sewer Capital 0
0

Electric Capital 26,627
22

Other Capital 175,947
143

Other Operating 509,782
414

Total $1,209,254
$981

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

Last Updated 2/7/2012 2:13:25 PM



	2011	2011
Category	Revenue	Per Capita
Property Tax	$353,099	$286
Water/Sewer	0	0
Electric	364,798	296
Other Utilities	0	0
Sales Tax	191,657	155
Sales & Services	92,652	75
Intergovernment	107,063	87
Debt Proceeds	16,668	14
Miscellaneous	30,546	25
Total	$1,156,483	$938

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

North CarolinaDepartment of State TreasurerFinancial InformationTown of Broadway

Financial Graphs and Comparisons

North Carolina
Department of State Treasurer
Financial Information
Town of Broadway