North Carolina
Department of State Treasurer
Financial Information
Town of Liberty

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 Go to top of page			2011	2010	2009	2008	2007	2006
	Revenues by Source
		Property Tax	$870,808	876,916	891,074	895,652	841,042	830,744
		Utility	734,829	737,990	700,148	660,939	696,459	619,987
		Sales Tax	468,396	445,877	470,021	520,154	509,014	468,129
		Sales & Services	246,069	248,111	217,799	184,173	183,244	109,363
		Intergovernmental	887,701	389,633	436,733	501,796	645,907	509,216
		Debt Proceeds	19,081	25,743	19,738	23,999	23,041	72,321
		Other Miscellaneous	30,354	44,483	82,923	119,405	136,286	178,232
		Total	$3,257,238	2,768,753	2,818,436	2,906,118	3,034,993	2,787,992

	Expenditures by Function
		Utility	$625,414	646,688	665,313	750,146	788,203	583,271
		Debt Service	51,337	51,338	66,882	65,727	69,910	70,139
		Transportation	247,991	265,460	257,147	299,848	277,426	456,617
		General Government	321,484	313,051	327,637	314,597	311,096	344,063
		Public Safety	1,366,982	786,257	803,885	865,501	771,897	721,376
		Other	500,936	459,526	497,263	539,191	480,761	450,904
		Total	$3,114,144	2,522,320	2,618,127	2,835,010	2,699,293	2,626,370

	Expenditures by Object
		Salaries & Wages	$1,350,341	1,350,743	1,383,783	1,341,812	1,269,230	1,235,610
		Capital Outlay	660,276	143,379	187,863	455,145	219,197	475,864
		Other Operating + Debt Service	1,103,527	1,028,198	1,046,481	1,038,053	1,210,866	914,896
		Total	$3,114,144	2,522,320	2,618,127	2,835,010	2,699,293	2,626,370


	Per Capita Revenues by Source
		Property Tax	$327	303	310	317	300	299
		Utility	276	255	244	234	248	223
		Sales Tax	175	153	163	185	181	169
		Sales & Services	92	86	76	65	65	39
		Intergovernmental	333	134	152	177	230	183
		Debt Proceeds	7	9	7	8	8	26
		Other Miscellaneous	11	15	29	42	49	64
		Total	$1,221	955	981	1,028	1,081	1,003

	Per Capita Expenditures by Function
		Utility	$235	223	232	265	281	210
		Debt Service	19	18	23	23	25	25
		Transportation	93	92	90	106	99	164
		General Government	120	107	114	111	110	124
		Public Safety	513	271	280	306	275	260
		Other	188	159	173	191	171	162
		Total	$1,168	870	912	1,002	961	945

	Per Capita Expenditures by Object
		Salaries & Wages	$506	466	482	474	452	445
		Capital Outlay	248	49	65	161	78	171
		Other Operating	414	355	365	367	431	329
		Total	$1,168	870	912	1,002	961	945

	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
		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 Liberty Population	2,667	2,898	2,872	2,828	2,808	2,779
	Group Average Per Capita Revenues by Source
		Property Tax	352	342	346	336	310	306
		Utility	539	323	315	313	317	332
		Sales Tax	125	125	144	160	159	152
		Sales & Services	144	85	82	78	76	71
		Intergovernmental	251	198	179	175	172	159
		Debt Proceeds	107	53	152	111	24	28
		Other Miscellaneous	144	120	157	179	229	189
		Total	1,662	1,246	1,375	1,352	1,287	1,237

	Group Average Per Capita Expenditures by Function
		Utility	423	419	414	370	332	305
		Debt Service	79	103	100	102	96	98
		Transportation	89	95	95	110	111	112
		General Government	167	179	185	169	159	156
		Public Safety	303	323	318	318	310	280
		Other	240	220	219	230	235	209
		Total	1,301	1,339	1,331	1,299	1,243	1,160

	Group Average Per Capita Expenditures by Object
		Salaries & Wages	450	431	429	414	405	390
		Capital Outlay	226	325	317	279	252	205
		Other Operating	624	583	585	606	584	564
		Total	1,300	1,339	1,331	1,299	1,241	1,159


General Fund Go to top of page			2011	2010	2009	2008	2007	2006
	General Fund revenues		$2,520,197	2,021,109	2,110,826	2,145,853	2,087,758	1,868,966
	General Fund expenditures		2,482,666	1,869,568	1,952,814	2,084,864	1,911,090	1,863,981
	Operating transfers in		37,038	-	-	-	5,540	46,540
	Operating transfers out		27,000	42,000	33,000	29,000	91,702	-
	Capital leases and installment purchase proceeds		-	-	-	80,000	-	65,810
	Other items		-	19,350	-	9,336	-	16,794
	Excess of revenues and other sources over (under) expenditures and other uses		47,569	128,891	125,012	121,325	90,506	134,129

	Fund balance available (FBA):
		In dollars	$0	1,232,856	1,088,016	975,943	879,078	788,262
		FBA as a % of GF Net Expenditures:
		Unit's FBA %	0.00	64.49	54.79	47.98	43.89	43.84
		Group weighted average FBA %	104.97	67.39	70.26	65.07	64.31	62.32
		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	$798,779	737,449	623,787	603,636	593,017	934,192
		Quick ratio	9.86	10.22	10.04	11.38	2.06	50.72
		Net income	(120,718)	12,072	(151,423)	(61,878)	(55,791)	(85,888)
		Cashflow from operations	88,159	105,101	65,175	(225,347)	201,787	272,958
		Depreciation & Amortization Expense	221,543	222,544	215,754	221,308	211,801	189,766



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

		Population at July 1st of the Previous Year	2,667	2,898	2,872	2,828	2,808	2,779
		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
		Cash &Investments	$2,127,342	$2,185,110	$1,911,304	$1,720,630	$1,792,251	$1,733,043
		Investment Earnings	6,773	15,418	44,601	70,939	98,560	60,746
		Tax Rate Equivalent	0.0040	0.0090	0.0260	0.0410	0.0600	0.0381
		Tax Rate Equivalent Group weighted average	0.0027	0.0055	0.0130	0.0294	0.0437	0.0322
		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	2001	2001
		January 1, Prior Year Assessed Valuation	$169,178,920	171,415,339	171,828,570	173,080,378	164,299,909	159,634,436
		Tax Rate	0.5125	0.5125	0.5125	0.5125	0.5125	0.5125
		Tax Rate Group weighted average	0.2778	0.2552	0.2697	0.2669	0.3116	0.3191
		Tax Rate State Wide	0.4122	0.4090	0.4262	0.4238	0.4450	0.4321
		Assessment -to-Sales Ratio	97.48	98.19	92.43	76.76	86.18	88.20
		Assessment -to-Sales Ratio Group weighted average	102.19	102.84	92.17	90.92	83.51	91.52
		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	$173,552,442	174,575,149	185,901,298	225,482,514	190,647,376	180,991,424
		EffectiveTax Rate	0.4996	0.5032	0.4737	0.3934	0.4417	0.4520
		Group weighted average Effective Tax Rate	0.2838	0.2624	0.2486	0.2427	0.2602	0.2921
		Statewide weighted average Effective Tax Rate	0.4183	0.4020	0.3870	0.3752	0.3934	0.3987
		Percent Collected	96.7600	97.3700	97.8700	97.8500	97.6000	97.8300
		Percent Collected Group weighted average	96.58	95.40	95.41	95.81	96.70	96.72
		Percent Collected Statewide	97.59	97.36	97.34	97.56	97.58	97.55
		Percent Collected Excluding Motor Vehicles	98.23	98.76	99.28	99.36	99.10	99.34
		Percent Collected Excluding Motor Vehicles Group weighted average	97.33	97.43	97.55	98.06	97.99	98.08
		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	84.64	85.49	86.45	86.07	85.94	86.87
		Percent Collected Motor Vehicles Only Group weighted average	85.29	85.60	85.23	85.75	86.04	86.22
		Percent Collected Motor Vehicles Only Statewide weighted average	87.28	86.34	86.55	86.74	86.71	86.80
		Tax Uncollected	108,172	101,749	104,622	108,043	103,653	106,769
		Tax Rate Equivalent	0.0639	0.0594	0.0609	0.0624	0.0631	0.0669
		Dominant County: Randolph
	Debt Information
		Population Group	2,500 to 4,999	2,500 to 4,999	2,500 to 4,999	2,500 to 4,999	2,500 to 4,999	2,500 to 4,999
		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 Debt	0	0	0	0	0	0
		Total General Obligation Debt	0	0	0	0	0	0
		Per Capita	$0	0	0	0	0	0
		Total Per Capita for the Population Group	113	107	158	152	149	162
		Total Per Capita Statewide	450	449	455	456	478	495
		Total per Assessed Valuation Adjusted for Current Year Sales	0.0000%	0.0000%	0.0000%	0.0000%	0.0000%	0.0000%
		Total per Assessed Valuation Adjusted for Current Year Sales- Group Average	0.0898%	0.0802%	0.1078%	0.1101%	0.1223%	0.1565%
		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	$109,157	115,221	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		2,667	2,898	2,872	2,828	2,808	2,779

1.5A	FISCAL	Governmental Activities Assets	3,780,648	3,313,354	3,254,244	3,167,982	2,919,578	2,952,603
1.5B	SUMMARY	Governmental Activities Liabilities	913,985	928,763	959,648	961,057	830,708	1,019,075
3.5A		Business Type Activities Assets	5,627,480	5,745,520	5,608,045	5,750,967	6,318,697	5,846,404
3.5B		Business Type Activities Liabilties	210,478	207,800	82,397	73,896	579,748	51,664
6.5A		Fiduciary Funds Assets
6.5B		Fiduciary Funds Liabilties
10.0	PART 2	Current Collections of Unit -Wide Levy	858,977	867,106	879,154	884,549	834,184	824,144
11.0	TAX	Current Collections of Special Tax Districts
12.0	REVENUES	Prior Years' Levy Collections	6,584	4,341	6,052	5,534	4,131	4,099
13.0		Penalties and Interest	5,247	5,469	5,868	5,569	2,727	2,501
14.0		Collections of Taxes Previously Written Off
15.0		Animal Tax	1,040	1,113	956
15.1		Solid Waste Disposal Tax	1,970	2,422	851
16.0		1% Local Government Option Sales Tax	16,086	11,921	15,139	19,353	15,630	11,936
17.0		1/2% Local Government Option Sales Tax (40)	452,310	433,956	454,882	500,801	493,384	456,193
18.0		1/2% Local Government Option Sales Tax (42)
18.5		1/2% Local Government Option Sales Tax (44)
19.0		Privilege Licenses		3,592	3,720	4,048	3,750	5,619
19.2		Privilege -- All other privileges and pemits	9,411
20.0		Auto Licenses
21.0		Vehicle Tax for Public Transportation
22.0		Other Licenses						16,999
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.			11,283		74,443	29,003
29.0	REVENUES	General Government
30.0		Public Safety	475,000
31.0		Transportation - Streets						99,816
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			3,278	35,000
39.0	STATE	Payments In Lieu of Taxes - State
40.0	INTERGOV	Unauthorized Substance Tax			6,974
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	3,233	3,239	3,225	3,373	3,108	3,639
44.0		Utility Franchise Tax	160,578	162,378	161,275	154,661	145,048	128,022
45.0		Beer and Wine Tax	12,812	4,096	12,700	12,935	12,557	12,133
46.0		Powell Bill	92,050	90,901	101,808	113,569	100,701	101,378
50.0		Court Fees - Facilities and Arrest Fees	4,359	3,007	2,866	3,879	2,795	1,883
51.0		General Government	411
52.0		Public Safety	120,905		6,044
53.0		Transportation - Streets
54.0		Transportation - All Other
55.0		Environmental Protection				80,452	218,330	45,093
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	6,353
60.0		Culture and Recreation	12,000					2,978
61.0	LOCAL	Payments in Lieu of Taxes - Local
62.0	INTERGOV	General Government		272	822	1,118	924	655
63.0	REVENUES	Public Safety		120,331	122,649	93,473	84,727	84,616
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		5,409	3,809	3,336	3,274
70.0		Culture and Recreation		12,000	12,000	12,000	12,000	10,000
71.0	PERMITS	Building Permits	1,190	1,139	900	1,475	1,117	5,290
72.0	& FEES	Inspection Fees	4,122	6,048	5,120	4,302	3,305	1,325
72.1		Amusements licensing and permit taxes
73.0		Other Permits
74.0	SALES &	Parking Revenues
75.0	SERVICES	Rents and Royalties	52,524	66,969	67,306	67,171	63,502	53,107
76.0		Airport
77.0		Fire Protection Charges
78.0		Solid Waste	164,519	138,221	122,358	92,249	82,856	41,902
79.0		Ambulance and Rescue Squad Charges
80.0		Cemeteries	18,125	33,275	16,150	16,475	29,150	6,200
81.0		Recreation Service Revenues	3,105	2,870	3,910	1,324	605	655
82.0		Library Service Revenues	7,796	6,776	8,075	6,954	7,131	7,499
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	734,829	737,990	700,148	660,939	696,459	619,987
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	6,773	15,418	44,601	70,939	98,560	60,746
91.0		Special Assessments
92.0		Private Contributions and Donations
93.0		Sales of Materials and Fixed Assets				5,408
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	7,818	5,173	15,626	21,233	17,554	12,443
98.0		Other Miscellaneous Revenues	19,081	25,743	19,738	23,999	23,041	72,321
99.0		Proceeds of Sale of Bonds and Notes
100.0		Proceeds of Capital Leases/Install Purchases						65,810
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	28,032	25,122	22,788	20,683	19,693	17,700
106.0		Deposits Other than Utility
107.0		Prepaid Taxes	4,440	2,947	4,688			2,957
108.0		Prepaid Privilege Licenses	8,365	4,143	3,730			5,918
109A	PART 4	Governing Body - Salaries & Wages	12,272	11,787	12,595	11,433	11,287
109B	GENERAL	Governing Body - Other Direct	808	1,400	111	1,062	678
109C	GOVT	Governing Body - Construction
109D		Governing Body - Purchase of P,P&E
110A		Administration - Salaries & Wages	175,990	169,554	168,600	152,240	143,390	159,679
110B		Administration - Other Direct	132,414	125,396	136,075	139,510	138,326	106,647
110C		Administration - Construction
110D		Administration - Purchase of P,P&E		3,570	10,256	8,933	10,824
111A		Elections - Salaries & Wages
111B		Elections - Other Direct		1,344		1,419		2,109
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						72,815
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					1,098	996
118B		Gen. Govt. All Other - Other Direct					5,493	1,817
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	497,687	486,151	496,658	474,043	447,348	440,085
119B	SAFETY	Police & Comm - Traffic Control - Other Direct	100,197	73,451	62,104	76,273	97,662	71,341
119C		Police & Comm - Traffic Control - Construction
119D		Police & Comm - Traffic Control - Purchase of P,P&E	42,472	24,148	32,792	24,935	57,178	42,203
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	104,895	100,503	97,598	93,590	63,414	55,177
122B		Fire - Other Direct	72,628	54,297	73,740	66,444	67,279	64,848
122C		Fire - Construction
122D		Fire - Purchase of P,P&E	499,893			89,112		23,607
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	43,378	77,189	81,926	101,959	60,674	57,320
128B		Streets and Highways - Other Direct	94,805	95,584	80,790	92,518	94,074	89,694
128C		Streets and Highways - Construction	90,148	89,199	88,247	81,357	101,935	309,603
128D		Streets and Highways - Purchase of P,P&E	19,660	3,488	6,184	24,014	20,743
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
136A	ENVIRON	Solid Waste - Salaries & Wages	34,749	6,207	32,776	31,282	50,054	68,433
136B	MENTAL	Solid Waste - Other Direct	187,313	181,650	182,962	176,127	163,074	149,805
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	11,366	18,368	10,665	12,108	17,480	7,093
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	872	969	969	969
140B	& PHYSICAL	Planning & Zoning - Other Direct	2,519	4,449	3,924	9,515
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	92,064	86,784	88,227	85,266	81,302	81,518
153B	RECREATION	Recreation & Parks - Other Direct	64,039	54,952	54,589	48,861	46,783	32,410
153C		Recreation & Parks - Construction
153D		Recreation & Parks - Purchase of P,P&E	4,455		10,950	73,240	2,595	19,756
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	83,750	88,439	87,891	83,655	82,925	75,278
156B		Libraries - Other Direct	19,809	12,254	8,278	11,393	10,626	11,891
156C		Libraries - Construction
156D		Libraries - Purchase of P,P&E		5,454	16,032	6,775	25,922	4,720
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
158A	UTILITY	Water & Sewer - Salaries & Wages	304,684	323,160	316,543	307,375	327,738	297,124
158B		Water & Sewer - Other Direct	317,082	306,008	325,368	295,992	460,465	210,172
158C		Water & Sewer - Construction						-950
158D		Water & Sewer - Purchase of P,P&E	3,648	17,520	23,402	146,779		76,925
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
161D	SERVICE	Water & Sewer - Principal	6,064	6,064
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	29,067	29,721	31,408	29,742		26,693
166D		All Other - Principal	16,206	15,553	35,474	35,985	69,910	43,446
167B	PENSION	Direct Benefit Program - Other Direct
168B	FRINGE	Fringe Benefits Unallocated
169B		Separation Allowance - Law Enforcement	19,392	16,474	10,637	10,637	10,637	456
170B		Separation Allowance - Other Employees
171B		Supplemental Retirement - Law Enforcement	29,818	31,233	30,356	30,467	28,379	23,659
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	780,857.	785,567.00	800,315.00	802,109.00	752,054.00	740,402.00
180.0		Current year's levy -- Motor vehicles (only)	94,334.	92,040.00	98,843.00	102,888.00	96,893.00	101,911.00
181.0	PART 6	Uncollected Taxes - Current Year's Levy Except Mot Veh	13,838.	9,709.00	5,779.00	5,155.00	6,760.00	4,858.00
182.0	OTHER	Uncollected Taxes - CY Levy -Motor Vehicles	14,489	13,353	13,396	14,328	13,626	13,379
183.0	DATA	Percentage of Taxes Collected - All Property %	96.76	97.37	97.87	97.85	97.60	97.83
184.0	DATA	Percentage of Taxes Collected - Exclude Motor Vehicles%	98.23	98.76	99.28	99.36	99.10	99.34
185.0		Percentage of Taxes Collected - Motor Vehicles %	84.64	85.49	86.45	86.07	85.94	86.87
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	2,127,342	2,185,110	1,911,304	1,720,630	1,792,251	1,733,043
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	3,259,208	2,771,175	2,819,287	2,906,118	3,034,993	2,787,992
194B	FISCAL	Amount - Subtract Refunding Bond Proceeds
194C	SUMMARY	Amount - Subtract Interfund Transfers In
194D		Amount - Net Revenues	3,259,208	2,771,175	2,819,287	2,906,118	3,034,993	2,787,992
		Calculated amount	3,259,208	2,771,175	2,819,287	2,906,118	3,034,993	2,787,992
		Amounts in AGREEMENT??	Yes	Yes	Yes	Yes	Yes	Yes
		Difference
195A		Amount - Total Expenditures	3,114,144	2,522,320	2,618,127	2,835,010	2,699,293	2,626,370
195B		Amount - Subtract Pymts. to Refunded Debt Agent
195C		Amount - Subtract Interfund Transfers Out
195D		Amount - Net Expenditures	3,114,144	2,522,320	2,618,127	2,835,010	2,699,293	2,626,370
		Calculated amount	3,114,144	2,522,320	2,618,127	2,835,010	2,699,293	2,626,370
		Amounts in AGREEMENT??	Yes	Yes	Yes	Yes	Yes	Yes
		Difference

401A	Part 10	Number of residential accounts billed Water					4,010
401B	Water /	Number of residential accounts billed Sewer					3,000
402A	Sewer	Amount processed and/or purchased in units Water	95	75,649	75,944	81,585	85,761
402B	Operations	Amount processed and/or purchased in units Sewer	115	145,134	143,933	114,808	141,609
403A		Total amount billed in units - Water	63	62,809	66,351	70,458	70,825
403B		Total amount billed in units - Sewer	60	67,952	62,380	65,103	65,170
404A		Of the total in 403A above how many units were Residential W	50	50,704	52,237	55,702	56,599
404B		Of the total in 403B above how many units were Residential S					5,588
405A		Of the total in 403 above, how many units were Outside Muni W					2,162
405B		Of the total in 403 above, how many units were Outside Muni S					4,010
406A		Of the total in 405A above how many units were Residential W					628
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	316,329	315,983	298,934	289,609	286,808
408A		Dollars related to 403A above	377,428	372,388	354,561	337,083	335,748
408B		Dollars related to 403B above	245,732	245,117	228,207	226,431	226,146
409A		Dollars related to 404A above	291,538	290,277	270,997	267,275	266,673
409B		Dollars related to 404B above					43,458
410A		Dollars related to 405A above					19,141
410B		Dollars related to 405B above					31,293
411A		Dollars related to 406A above					6,532
411B		Dollars related to 406B above
412A		Dollars related to 407A above
412B		Dollars related to 407B above	1,168	1,186	1,172	1,191
421A		Number of residential accounts billed - Water	1,070	1,068	1,056	1,073
421B		Number of residential accounts billed - Sewer	209	176	172	182
422A		Number of non-residential & bulk accounts billed - Water	154	154	158	159
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	Bridget C Langley
951.0		Title	Finance Officer/Town Clerk
952.0		Date	01/09/2012	12/07/2010	12/07/2009	11/20/2008	12/13/2007	10/27/2006
953.0		Contact	Bridget C Langley
954.0		Title	Finance Officer/Town Clerk
955.0		Phone	336-622-4276
956.0		Fax	336-622-2665
957.0		E-Mail:

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

	2011	2010	2009	2008	2007	2006

Population	2,667	2,898	2,872	2,828	2,808	2,779
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	$0	737,990	700,148	660,939	696,459	619,987
Total Operating Revenues Per Capita	$0	255	244	234	248	223
Group Weighted Average Revenues Per Capita	17	261	244	235	242	255
State Weighted Average Revenues Per Capita	7	272	252	255	255	249

% to Total Operating Revenues
Operating Expenses	0.00%	115.61%	122.81%	124.39%	144.02%	125.33%
Group Weighted Average	82.20%	92.72%	91.41%	92.91%	90.03%	86.35%
State Weighted Average	91.62%	83.21%	87.12%	84.06%	80.00%	79.32%

Operating Margin	0.00%	-15.61%	-22.81%	-24.39%	-44.02%	-25.33%
Group Weighted Average	17.80%	7.28%	8.59%	7.09%	9.97%	13.65%
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	21.89%	1.69%	1.70%	1.04%	1.49%	1.56%
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	67.66%	3.09%	9.31%	3.10%	2.59%	1.83%
State Weighted Average	52.67%	1.55%	2.65%	3.15%	1.86%	2.84%

Net Income before capital contributions	0.00%	-14.80%	-21.63%	-21.53%	-39.36%	-22.28%
Group Weighted Average	85.84%	19.63%	12.72%	18.01%	5.29%	17.80%
State Weighted Average	643.66%	15.82%	-9.92%	18.20%	25.61%	24.40%

Key Ratios and Cash Flow

Quick Ratio	9.86	10.22	10.04	11.38	2.06	50.72
Group Weighted Average	3.75	2.97	3.21	3.12	3.25	3.67
State Weighted Average	4.02	3.21	2.82	2.96	2.91	2.83

Days Sales in Receivables	8.0	71.3	66.5	67.7	197.5	61.8
Group Weighted Average	3.4	59.4	63.6	54.7	55.3	55.7
State Weighted Average	1.2	57.9	58.5	56.7	61.6	59.8

Days Cash on Hand	0.0	390.8	325.9	333.4	378.8	529.0
Group Weighted Average	-50.1	424.6	493.9	540.8	562.2	488.8
State Weighted Average	-16.4	614.6	560.8	588.9	647.0	571.9

Cash flow from Operations	$88,159	105,101	65,175	-225,347	201,787	272,958

Debt to Equity	0.00	0.02	0.00	0.00	0.00	0.00
Group Weighted Average	0.38	0.31	0.30	0.25	0.26	0.25
State Weighted Average	0.22	0.59	0.54	0.54	0.55	0.55

Debt per Capita	0	40	0	0	0	0
Group Weighted Average	20	384	357	309	307	288
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
	$696,809	29,185	221,970	379,883

Capital Contributions: Excluded from income above	$0	121,284	0	80,452	218,330	52,243


Operating Statistics

Estimated population of the areas served Water	0	0	0	0	3,000	NA
Estimated population of the areas served Sewer	0	0	0	0	3,000	NA

Number of Gallons of Water Processed (000) omitted	95	75,649	75,944	81,585	85,761	NA
Number of Gallons of Sewage Processed (000) omitted	115	145,134	143,933	114,808	141,609	NA

Number of Gallons of Water Billed (000) omitted	63	62,809	66,351	70,458	70,825	NA
Number of Gallons of Sewage Billed (000) omitted	60	67,952	62,380	65,103	65,170	NA

Ratio of Water Billed to Water Processed	0.66068	0.83027	0.87368	0.86361	0.82584	NA
Ratio of Sewage Billed to Sewage Processed	0.51696	0.46820	0.43340	0.56706	0.46021	NA

Total Revenue from Water Sales	316,329	315,983	298,934	289,609	286,808	NA
Total Revenue from Sewage Sales	377,428	372,388	354,561	337,083	335,748	NA

Water Revenue per 1000 gallons of Sales					95.60267	NA
Sewage Revenue per 1000 gallons of Sales					111.91600	NA

Group Average Sales per thousand Gallons Water	$0.00602	$146.64376	$40.01634	$1,510.62899	$1,842.80047	NA
Group Average Sales per thousand Gallons Sewage	$0.00883	$94.75591	$48.91229	$1,673.88245	$2,249.50353	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	$4,914.64000	4.83432	4.36866	4.06504	3.99558	NA
Residential Sewage Sales per thousand Gallons	$6,234.77951	5.20600	5.61275	5.19535	5.17872	NA

Water Sales per thousand Gallons outside Municipal Limits					7.77702	NA
Sewage Sales per thousand Gallons outside Municipal Limits					8.85338	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 %	43.89%	47.98%	54.79%	64.49%	0.00%
Group average FBA %	64.31%	65.07%	70.26%	67.39%	104.97%
State average Electric/Non Electric Group FBA %	37.39%	36.66%	37.89%	38.71%	26.68%
State average FBA %	36.54%	36.35%	64.31%	37.47%	29.01%

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

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2007 2008 2009 2010 2011

Municipality 97.60% 97.85% 97.87% 97.37% 96.76%

Pop. Group 96.70% 95.81% 95.41% 95.40% 96.58%

Statewide 97.58% 97.56% 97.34% 97.36% 97.59%

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

	2007	2008	2009	2010	2011
Municipality	97.60%	97.85%	97.87%	97.37%	96.76%
Pop. Group	96.70%	95.81%	95.41%	95.40%	96.58%
Statewide	97.58%	97.56%	97.34%	97.36%	97.59%

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

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2007 2008 2009 2010 2011

Municipality 0 0 0 0 0

Pop. Group 149 152 158 107 113

Statewide 478 456 455 449 450

Municipal Population Group: 2,500 to 4,999

	2007	2008	2009	2010	2011
Municipality	0	0	0	0	0
Pop. Group	149	152	158	107	113
Statewide	478	456	455	449	450

Municipal Population Group: 2,500 to 4,999

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2007 2008 2009 2010 2011

Property Tax $300 317 310 303 327

Utility 248 234 244 255 276

Sales Tax 181 185 163 153 175

Sales & Services 65 65 76 86 92

Intergovernmental 230 177 152 134 333

Debt Proceeds 8 8 7 9 7

Other Miscellaneous 49 42 29 15 11

Total $1,081 1,028 981 955 1,221

	2007	2008	2009	2010	2011
Property Tax	$300	317	310	303	327
Utility	248	234	244	255	276
Sales Tax	181	185	163	153	175
Sales & Services	65	65	76	86	92
Intergovernmental	230	177	152	134	333
Debt Proceeds	8	8	7	9	7
Other Miscellaneous	49	42	29	15	11
Total	$1,081	1,028	981	955	1,221

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2011
2011

Category Revenue
Per Capita

Property Tax $870,808
$327

Water/Sewer 0
0

Electric 734,829
276

Other Utilities 0
0

Sales Tax 468,396
175

Sales & Services 246,069
92

Intergovernment 887,701
333

Debt Proceeds 19,081
7

Miscellaneous 30,354
11

Total $3,257,238
$1,221

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

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2011
2011

Category Expenditures
Per Capita

General Government $321,484
$120

Water/Sewer 0
0

Electric 625,414
235

Other Utilities 0
0

Debt Service 51,337
19

Transportation 247,991
93

Public Safety 1,366,982
513

Other 500,936
188

Total $3,114,144
$1,168

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

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2011
2011

Category Expenditures
Per Capita

Salaries & Wages $1,350,341
$506

Water/Sewer Capital 0
0

Electric Capital 3,648
1

Other Capital 656,628
246

Other Operating 1,103,527
414

Total $3,114,144
$1,168

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

Last Updated 2/7/2012 2:28:45 PM



	2011	2011
Category	Revenue	Per Capita
Property Tax	$870,808	$327
Water/Sewer	0	0
Electric	734,829	276
Other Utilities	0	0
Sales Tax	468,396	175
Sales & Services	246,069	92
Intergovernment	887,701	333
Debt Proceeds	19,081	7
Miscellaneous	30,354	11
Total	$3,257,238	$1,221

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

North CarolinaDepartment of State TreasurerFinancial InformationTown of Liberty

Financial Graphs and Comparisons

North Carolina
Department of State Treasurer
Financial Information
Town of Liberty