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

Financial Profile | General Fund | Enterprise Funds | Cash, Investments and Financing
Annual Financial Information Report Detail | Water/Sewer Information
Financial Graphs and Comparisons
Download Excel 97 Version of Financial Summary

Institute of Government North Carolina Cities Web Site

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The AFIR report that was due 10/31/2011 has not been received as of 02/04/2012

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	$0	407,289	383,412	387,774	379,477	396,495
		Utility	-	569,252	520,096	540,233	437,172	466,111
		Sales Tax	-	100,634	137,237	165,390	172,855	152,677
		Sales & Services	-	108,967	106,487	83,194	75,848	69,864
		Intergovernmental	-	161,075	190,436	279,557	175,184	165,920
		Debt Proceeds	-	67,628	405,360	14,430	2,648	4,539
		Other Miscellaneous	-	39,056	46,599	761,572	96,759	71,764
		Total	$0	1,453,901	1,789,627	2,232,150	1,339,943	1,327,370

	Expenditures by Function
		Utility	$0	431,124	461,806	467,557	390,392	413,360
		Debt Service	-	134,413	323,363	88,342	88,296	97,808
		Transportation	-	49,527	74,058	223,304	73,038	156,343
		General Government	-	294,628	386,014	329,937	239,578	252,066
		Public Safety	-	409,264	452,922	428,010	412,749	330,790
		Other	-	171,245	354,975	792,825	143,367	107,231
		Total	$0	1,490,201	2,053,138	2,329,975	1,347,420	1,357,598

	Expenditures by Object
		Salaries & Wages	$0	527,108	536,240	463,138	444,194	434,377
		Capital Outlay	-	1,710	327,651	853,641	65,466	111,110
		Other Operating + Debt Service	-	961,383	1,189,247	1,013,196	837,760	812,111
		Total	$0	1,490,201	2,053,138	2,329,975	1,347,420	1,357,598


	Per Capita Revenues by Source
		Property Tax	$0	256	242	247	242	254
		Utility	-	358	328	344	278	299
		Sales Tax	-	63	87	107	109	99
		Sales & Services	-	69	67	53	48	45
		Intergovernmental	-	101	120	178	112	106
		Debt Proceeds	-	43	255	9	2	3
		Other Miscellaneous	-	25	29	485	62	46
		Total	$0	915	1,128	1,423	853	852

	Per Capita Expenditures by Function
		Utility	$0	271	291	298	249	265
		Debt Service	-	85	204	56	56	63
		Transportation	-	31	47	142	47	100
		General Government	-	185	243	211	152	162
		Public Safety	-	258	285	273	263	212
		Other	-	108	224	505	91	69
		Total	$0	938	1,294	1,485	858	871

	Per Capita Expenditures by Object
		Salaries & Wages	$0	332	338	295	283	279
		Capital Outlay	-	1	206	544	42	71
		Other Operating	-	605	750	646	533	521
		Total	$0	938	1,294	1,485	858	871

	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 Walnut Cove Population	1,430	1,589	1,587	1,569	1,570	1,558
	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		$914,771	889,866	1,247,960	988,563	841,033	815,853
	General Fund expenditures		1,023,708	970,702	1,502,995	1,774,076	868,732	846,430
	Operating transfers in		95,500	52,250	44,150	10,000	13,890	-
	Operating transfers out		40,000	-	-	115,000	-	-
	Capital leases and installment purchase proceeds		-	-	-	675,120	-	-
	Other items		-	-	-	-	-	-
	Excess of revenues and other sources over (under) expenditures and other uses		(53,437)	(28,586)	(210,885)	(215,393)	(13,809)	(30,577)

	Fund balance available (FBA):
		In dollars	$0	310,182	291,323	508,011	756,573	780,240
		FBA as a % of GF Net Expenditures:
		Unit's FBA %	0.00	31.95	19.38	41.85	87.09	92.18
		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	$160,849	163,256	188,904	219,856	205,682	202,935
		Quick ratio	2.82	3.08	3.74	3.54	4.07	3.57
		Net income	(106,525)	(131,195)	(99,928)	(69,896)	(123,856)	(30,201)
		Cashflow from operations	79,704	74,580	62,059	125,423	16,172	145,097
		Depreciation & Amortization Expense	125,883	130,892	129,059	140,453	149,419	154,251



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

		Population at July 1st of the Previous Year	1,430	1,589	1,587	1,569	1,570	1,558
		Population Group	No Electric 1,000 to 2,499	No Electric 1,000 to 2,499	No Electric 1,000 to 2,499	No Electric 1,000 to 2,499	No Electric 1,000 to 2,499	No Electric 1,000 to 2,499
		Cash &Investments	$0	$678,738	$652,932	$940,992	$1,070,306	$1,100,822
		Investment Earnings	0	6,264	14,681	46,824	39,288	26,901
		Tax Rate Equivalent	0.0000	0.0060	0.0150	0.0479	0.0407	0.0276
		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	2009	2009	2005	2005	2005	2005
		January 1, Prior Year Assessed Valuation	$102,458,517	103,635,146	98,019,640	97,847,099	96,589,733	97,608,911
		Tax Rate	0.4000	0.4000	0.4000	0.4000	0.4000	0.4000
		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	96.59	98.06	89.47	91.83	95.74	99.84
		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	$106,075,698	105,685,444	109,555,873	106,552,433	100,887,542	97,765,336
		EffectiveTax Rate	0.3864	0.3922	0.3579	0.3673	0.3830	0.3994
		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	0.0000	95.5600	95.6800	96.7300	97.1900	96.9800
		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	0.00	96.54	97.01	98.09	98.39	98.23
		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	0.00	82.36	81.27	82.33	84.16	84.07
		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	0	41,869	43,341	40,038	37,170	40,429
		Tax Rate Equivalent	0.0000	0.0404	0.0442	0.0409	0.0385	0.0414
		Dominant County: Stokes
	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	$1,282,500	1,305,500	1,327,500	1,348,500	1,368,500	1,387,500
		General Government GO Debt	0	0	0	0	0	0
		Total General Obligation Debt	1,282,500	1,305,500	1,327,500	1,348,500	1,368,500	1,387,500
		Per Capita	$897	822	836	859	872	891
		Total Per Capita for the Population 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	1.2090%	1.2353%	1.2117%	1.2656%	1.3565%	1.4192%
		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	675,120	0	0
		Total*	$0	0	0	675,120	0	0
		* The total only includes the contracts that require Local Government Commission approval.
		Revenue Bond Debt	$0	0	0	0	0	0


Annual Financial Information Report Detail 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		1,430	1,589	1,587	1,569	1,570	1,558

1.5A	FISCAL	Governmental Activities Assets		1,775,767	1,925,479	1,863,453	1,092,752	1,056,881
1.5B	SUMMARY	Governmental Activities Liabilities		482,988	591,672	817,368	30,756	24,384
3.5A		Business Type Activities Assets		4,566,737	4,714,347	4,845,010	4,916,080	5,074,430
3.5B		Business Type Activities Liabilties		1,366,539	1,382,954	1,413,689	1,414,863	1,449,357
6.5A		Fiduciary Funds Assets		52,155	51,330	51,037	48,878	46,055
6.5B		Fiduciary Funds Liabilties		290	290	1,150	1,150
10.0	PART 2	Current Collections of Unit -Wide Levy		395,231	370,454	372,877	365,208	375,724
11.0	TAX	Current Collections of Special Tax Districts
12.0	REVENUES	Prior Years' Levy Collections		8,926	10,750	12,126	11,698	17,662
13.0		Penalties and Interest		3,132	2,208	2,771	2,571	3,109
14.0		Collections of Taxes Previously Written Off
15.0		Animal Tax
15.1		Solid Waste Disposal Tax		1,082
16.0		1% Local Government Option Sales Tax		31,584	33,712	34,985	36,524	35,099
17.0		1/2% Local Government Option Sales Tax (40)		41,494	44,930	50,500	52,746	44,937
18.0		1/2% Local Government Option Sales Tax (42)		25,646	44,756	50,347	52,588	44,815
18.5		1/2% Local Government Option Sales Tax (44)		1,910	13,839	29,558	30,997	27,826
19.0		Privilege Licenses		8,928	8,957	7,830	4,330	3,687
19.2		Privilege -- All other privileges and pemits
20.0		Auto Licenses
21.0		Vehicle Tax for Public Transportation
22.0		Other Licenses		12,443	12,505	11,624	10,962	10,726
23.0		Local Occupancy Tax
24.0		Prepared Food Tax
25.0		911 Charges
26.0		Gross Short Term lease and Rental Tax
27.0	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
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
41.0	REVENUES	Transitional Hold Harmless		38,030	12,523
42.0		Wireless Enhanced 911 Service Charges
42.1		Emergency Telephone Services Fund (ETSF) Revenues (Do not include interest)
42.2		ETSF Interest Income
43.0		Piped Natural Gas Charge Distribution
44.0		Utility Franchise Tax		71,927	71,578	71,276	68,553	62,034
45.0		Beer and Wine Tax		2,263	7,046	7,232	7,040	6,727
46.0		Powell Bill		47,896	53,789	60,322	53,431	53,755
50.0		Court Fees - Facilities and Arrest Fees		959	892	837	677	896
51.0		General Government
52.0		Public Safety			41,500	41,500	41,285	38,507
53.0		Transportation - Streets
54.0		Transportation - All Other
55.0		Environmental Protection
56.0		Econ. & Phys. Dev. - Housing/Community Dev
57.0		Econ. & Phys. Dev. - All Other
58.0		Human Services -Health, Mental Health, Hosp
59.0		Human Services - All Other
60.0		Culture and Recreation
61.0	LOCAL	Payments in Lieu of Taxes - Local
62.0	INTERGOV	General Government
63.0	REVENUES	Public Safety			3,108	98,390	4,198	4,001
64.0		Transportation - Streets
65.0		Transportation - All Other
66.0		Environmental Protection
67.0		Economic and Physical Development
68.0		Human Services - Health, Mental Hlt & Hosp
69.0		Human Services - All Other
70.0		Culture and Recreation
71.0	PERMITS	Building Permits		8,999
72.0	& FEES	Inspection Fees		2,422	10,456	15,174	16,283	17,395
72.1		Amusements licensing and permit taxes
73.0		Other Permits
74.0	SALES &	Parking Revenues
75.0	SERVICES	Rents and Royalties		42,426	42,871	41,563	40,447	40,768
76.0		Airport
77.0		Fire Protection Charges
78.0		Solid Waste		66,541	63,616	41,631	35,401	29,096
79.0		Ambulance and Rescue Squad Charges
80.0		Cemeteries
81.0		Recreation Service Revenues
82.0		Library Service Revenues
83.0		Other Cultural and Rec Service Revenues
84.0		Mass Transit - City Operated
85.0		Other Sales and Services		41,500
86.0	UTILITY	Water and Sewer Charges		527,752	520,096	540,233	437,172	466,111
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		6,264	14,681	46,824	39,288	26,901
91.0		Special Assessments
92.0		Private Contributions and Donations				5,000
93.0		Sales of Materials and Fixed Assets					12,006
94.0		Sale of Real Property
95.0		Nongovt Contr For Streets & Traffic Signals
96.0		ABC Mixed Drink Surcharge
97.0		ABC Profit Distribution					13,890	13,055
98.0		Other Miscellaneous Revenues		67,628	405,360	14,430	2,648	4,539
99.0		Proceeds of Sale of Bonds and Notes
100.0		Proceeds of Capital Leases/Install Purchases				675,120
101.0		Other		4,306	23,286	21,687
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
106.0		Deposits Other than Utility
107.0		Prepaid Taxes
108.0		Prepaid Privilege Licenses
109A	PART 4	Governing Body - Salaries & Wages		4,732	4,396	4,396	4,396	4,396
109B	GENERAL	Governing Body - Other Direct		38,433	36,296	32,050
109C	GOVT	Governing Body - Construction
109D		Governing Body - Purchase of P,P&E
110A		Administration - Salaries & Wages		123,686	128,854	95,467	92,361	112,956
110B		Administration - Other Direct		84,227	115,369	122,776	141,928	131,554
110C		Administration - Construction
110D		Administration - Purchase of P,P&E			4,326		893	3,160
111A		Elections - Salaries & Wages
111B		Elections - Other Direct
111C		Elections - Construction
111D		Elections - Purchase of P,P&E
112A		Finance - Salaries & Wages
112B		Finance - Other Direct
112C		Finance - Construction
112D		Finance - Purchase of P,P&E
113A		Taxes - Salaries & Wages
113B		Taxes - Other Direct
113C		Taxes - Construction
113D		Taxes - Purchase of P,P&E
114A		Legal - Salaries & Wages
114B		Legal - Other Direct
114C		Legal - Construction
114D		Legal - Purchase of P,P&E
115A		Public Buildings - Salaries & Wages
115B		Public Buildings - Other Direct		43,550	20,780	45,013
115C		Public Buildings - Construction			75,993	30,235
115D		Public Buildings - Purchase of P,P&E
116A		Court Facilities - Salaries & Wages
116B		Court Facilities - Other Direct
116C		Court Facilities - Construction
116D		Court Facilities - Purchase of P,P&E
117A		Central Services - Salaries & Wages
117B		Central Services - Other Direct
117C		Central Services - Construction
117D		Central Services - Purchase of P,P&E
118A		Gen. Govt. All Other - Salaries & Wages
118B		Gen. Govt. All Other - Other Direct
118C		Gen. Govt. All Other - Construction
118D		Gen. Govt. All Other - Purchase of P,P&E
119A	PUBLIC	Police & Comm - Traffic Control - Salaries and Wages		243,784	241,584	228,093	206,348	194,828
119B	SAFETY	Police & Comm - Traffic Control - Other Direct		111,319	137,352	125,140	105,094	96,795
119C		Police & Comm - Traffic Control - Construction
119D		Police & Comm - Traffic Control - Purchase of P,P&E			34,651	38,914	62,194	828
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		8,043	4,027	3,124
122B		Fire - Other Direct		36,000	35,308	32,739	30,000	30,000
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			9,653
127B	TATION	Traffic Engineering - Other Direct			64,405
127C		Traffic Engineering - Construction
127D		Traffic Engineering - Purchase of P,P&E
128A		Streets and Highways - Salaries & Wages		10,774		6,525	25,135	40,962
128B		Streets and Highways - Other Direct		17,646		106,127	47,903	105,482
128C		Streets and Highways - Construction				110,652
128D		Streets and Highways - Purchase of P,P&E						9,899
129A		Street Cleaning - Salaries & Wages
129B		Street Cleaning - Other Direct
129C		Street Cleaning - Construction
129D		Street Cleaning - Purchase of P,P&E
130A		Powell Bill - Salaries & Wages
130B		Powell Bill - Other Direct		21,107
130C		Powell Bill - Construction
130D		Powell Bill - Purchase of P,P&E
131A		Parking Facilities - Salaries & Wages
131B		Parking Facilities - Other Direct
131C		Parking Facilities - Construction
131D		Parking Facilities - Purchase of P,P&E
132A		Mass Transit - City - Salaries & Wages
132B		Mass Transit - City - Other Direct
132C		Mass Transit - City - Construction
132D		Mass Transit - City - Purchase of P,P&E
133B		Mass Transit - Private - Other Direct
134A		Airport - Salaries & Wages
134B		Airport - Other Direct
134C		Airport - Construction
134D		Airport - Purchase of P,P&E
135A		Transpor. All Other - Salaries & Wages
135B		Transpor. All Other - Other Direct
135C		Transpor. All Other - Construction
135D		Transpor. All Other - Purchase of P,P&E
136A	ENVIRON	Solid Waste - Salaries & Wages
136B	MENTAL	Solid Waste - Other Direct		89,554	78,665	70,460	70,929	63,006
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
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		26,919	28,146	29,974	26,905	10,318
140C	DEVELOP	Planning & Zoning - Construction
140D		Planning & Zoning - Purchase of P,P&E
141A		Economic Development - Salaries & Wages
141B		Economic Development - Other Direct		1,771	1,740	2,195	1,088
141C		Economic Development - Construction
141D		Economic Development - Purchase of P,P&E
142A		Community Development - Salaries & Wages
142B		Community Development - Other Direct
142C		Community Development - Construction
142D		Community Development - Purchase of P,P&E
143A		Housing & Urban Renewal - Salaries & Wages
143B		Housing & Urban Renewal - Other Direct
143C		Housing & Urban Renewal - Construction
143D		Housing & Urban Renewal - Purchase of P,P&E
144A		Special Empl Programs - Salaries & Wages
144B		Special Empl Programs - Other Direct
144C		Special Empl Programs - Construction
144D		Special Empl Programs - Purchase of P,P&E
145A		Econ. Dev. All Other - Salaries & Wages
145B		Econ. Dev. All Other - Other Direct
145C		Econ. Dev. All Other - Construction
145D		Econ. Dev. All Other - Purchase of P,P&E
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
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		25,000	25,000	20,000	20,000	20,000
156C		Libraries - Construction			166,595	645,379
156D		Libraries - Purchase of P,P&E
157A		Cult. & Recr. All Other - Salaries & Wages
157B		Cult. & Recr. All Other - Other Direct		28,001	44,550	24,817	24,445	13,907
157C		Cult. & Recr. All Other - Construction
157D		Cult. & Recr. All Other - Purchase of P,P&E
158A	UTILITY	Water & Sewer - Salaries & Wages		136,089	147,726	125,533	115,954	81,235
158B		Water & Sewer - Other Direct		293,325	267,994	313,563	272,059	234,902
158C		Water & Sewer - Construction				9,186		90,473
158D		Water & Sewer - Purchase of P,P&E		1,710	46,086	19,275	2,379	6,750
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		66,375	67,337	68,342	69,296	70,200
161D	SERVICE	Water & Sewer - Principal		22,000	21,000	20,000	19,000	27,608
162B		Electric - Interest & Fees
162D		Electric - Principal
163B		Gas - Interest & Fees
163D		Gas - Principal
164B		School - Interest & Fees
164D		School - Principal
165B		Hospital - Interest & Fees
165D		Hospital - Principal
166B		All Other - Interest & Fees		18,627	9,457
166D		All Other - Principal		27,411	225,569
167B	PENSION	Direct Benefit Program - Other Direct
168B	FRINGE	Fringe Benefits Unallocated
169B		Separation Allowance - Law Enforcement
170B		Separation Allowance - Other Employees
171B		Supplemental Retirement - Law Enforcement		10,118			9,113	8,339
172B		Fringe Benefits Other			10,279
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	.	385,026.00	354,435.00	353,144.00	344,901.00	353,221.00
180.0		Current year's levy -- Motor vehicles (only)	.	28,555.00	32,746.00	33,281.00	31,613.00	34,189.00
181.0	PART 6	Uncollected Taxes - Current Year's Levy Except Mot Veh	.	13,314.00	10,595.00	6,757.00	5,557.00	6,240.00
182.0	OTHER	Uncollected Taxes - CY Levy -Motor Vehicles		5,036	6,132	5,880	5,007	5,446
183.0	DATA	Percentage of Taxes Collected - All Property %	0.00	95.56	95.68	96.73	97.19	96.98
184.0	DATA	Percentage of Taxes Collected - Exclude Motor Vehicles%	0.00	96.54	97.01	98.09	98.39	98.23
185.0		Percentage of Taxes Collected - Motor Vehicles %	0.00	82.36	81.27	82.33	84.16	84.07
186.0		Ttl Amt Salaries/Wages for Construction
187A		Capital Reserve Schools - July 1, 2009
187B		Capital Reserve Schools - June 30, 2010
188A		Capital Reserve Hospitals - July 1, 2009
188B		Capital Reserve Hospitals - June 30, 2010
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		678,738	652,932	940,992	1,070,306	1,100,822
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		1,511,539	1,857,063	2,253,837	1,339,943	1,327,370
194B	FISCAL	Amount - Subtract Refunding Bond Proceeds
194C	SUMMARY	Amount - Subtract Interfund Transfers In		52,250	44,150
194D		Amount - Net Revenues		1,459,289	1,812,913	2,253,837	1,339,943	1,327,370
		Calculated amount		1,459,289	1,812,913	2,253,837	1,339,943	1,327,370
		Amounts in AGREEMENT??	Yes	Yes	Yes	Yes	Yes	Yes
		Difference
195A		Amount - Total Expenditures		1,542,451	2,097,288	2,329,975	1,347,420	1,357,598
195B		Amount - Subtract Pymts. to Refunded Debt Agent
195C		Amount - Subtract Interfund Transfers Out		52,250	44,150
195D		Amount - Net Expenditures		1,490,201	2,053,138	2,329,975	1,347,420	1,357,598
		Calculated amount		1,490,201	2,053,138	2,329,975	1,347,420	1,357,598
		Amounts in AGREEMENT??	Yes	Yes	Yes	Yes	Yes	Yes
		Difference

401A	Part 10	Number of residential accounts billed Water
401B	Water /	Number of residential accounts billed Sewer
402A	Sewer	Amount processed and/or purchased in units Water		76	72	914,552
402B	Operations	Amount processed and/or purchased in units Sewer		87	42	46,550
403A		Total amount billed in units - Water		65	60	913,908
403B		Total amount billed in units - Sewer		41	40	45,906
404A		Of the total in 403A above how many units were Residential W		29	29	43,211
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		320,020	463,882	334,015
408A		Dollars related to 403A above		213,736	367,420	208,756
408B		Dollars related to 403B above		144,577	229,628
409A		Dollars related to 404A above		213,736	230,328
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		693	686	730
421A		Number of residential accounts billed - Water		575	569	669
421B		Number of residential accounts billed - Sewer		136	136	148
422A		Number of non-residential & bulk accounts billed - Water		122	121	141
422B		Number of non-residential & bulk accounts billed - Sewer		2	2	2	2	2
423A		Estimated percentage of accounts outside of municipal limits



950.0		Official	Leslie A. Falstreau
951.0		Title	Town Clerk/Finance Officer
952.0		Date
953.0		Contact	Leslie A. Falstreau
954.0		Title	Town Clerk/Finance Officer
955.0		Phone	336-591-4809
956.0		Fax	336-591-7275
957.0		E-Mail:

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

	2011	2010	2009	2008	2007	2006

Population	1,430	1,589	1,587	1,569	1,570	1,558
Population Group	No Electric 1,000 to 2,499	No Electric 1,000 to 2,499	No Electric 1,000 to 2,499	No Electric 1,000 to 2,499	No Electric 1,000 to 2,499	No Electric 1,000 to 2,499
Total Operating Revenues	$0	0	0	0	0	0
Total Operating Revenues Per Capita	$0	0	0	0	0	0
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%	0.00%	0.00%	0.00%	0.00%	0.00%
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%	0.00%	0.00%	0.00%	0.00%	0.00%
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%	0.00%	0.00%	0.00%	0.00%	0.00%
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	2.82	3.08	3.74	3.54	4.07	3.57
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	N/A	N/A	N/A	N/A	N/A
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	0.0	0.0	0.0	0.0	0.0
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	$79,704	74,580	62,059	125,423	16,172	145,097

Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.00
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	0	0	0	0	0
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
	$61,445	23,582	225,616	88,943

Capital Contributions: Excluded from income above	$0	0	0	0	0	0


Operating Statistics

Estimated population of the areas served Water	0	0	0	0	0	NA
Estimated population of the areas served Sewer	0	0	0	0	0	NA

Number of Gallons of Water Processed (000) omitted	0	76	72	914,552	0	NA
Number of Gallons of Sewage Processed (000) omitted	0	87	42	46,550	0	NA

Number of Gallons of Water Billed (000) omitted	0	65	60	913,908	0	NA
Number of Gallons of Sewage Billed (000) omitted	0	41	40	45,906	0	NA

Ratio of Water Billed to Water Processed		0.85709	0.84358	0.99930		NA
Ratio of Sewage Billed to Sewage Processed		0.47180	0.95249	0.98617		NA

Total Revenue from Water Sales	0	0	0	0	0	NA
Total Revenue from Sewage Sales	0	213,736	367,420	208,756	0	NA

Water Revenue per 1000 gallons of Sales						NA
Sewage Revenue per 1000 gallons of Sales						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	$0.00000	4,907.56959	7,973.19444	0.00000		NA
Residential Sewage Sales per thousand Gallons	$0.00000	8,913.09425	9,801.19149	0.00000		NA

Water Sales per thousand Gallons outside Municipal Limits	$0.00000					NA
Sewage Sales per thousand Gallons outside Municipal Limits	$0.00000					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 %	87.09%	41.85%	19.38%	31.95%	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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2006 2007 2008 2009 2010

Municipality 96.98% 97.19% 96.73% 95.68% 95.56%

Pop. Group 96.94% 97.18% 96.86% 95.99% 95.37%

Statewide 97.55% 97.58% 97.56% 97.34% 97.36%

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

	2006	2007	2008	2009	2010
Municipality	96.98%	97.19%	96.73%	95.68%	95.56%
Pop. Group	96.94%	97.18%	96.86%	95.99%	95.37%
Statewide	97.55%	97.58%	97.56%	97.34%	97.36%

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

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2007 2008 2009 2010 2011

Municipality 872 859 836 822 897

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	872	859	836	822	897
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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2006 2007 2008 2009 2010

Property Tax $254 242 247 242 256

Utility 299 278 344 328 358

Sales Tax 99 109 107 87 63

Sales & Services 45 48 53 67 69

Intergovernmental 106 112 178 120 101

Debt Proceeds 3 2 9 255 43

Other Miscellaneous 46 62 485 29 25

Total $852 853 1,423 1,128 915

	2006	2007	2008	2009	2010
Property Tax	$254	242	247	242	256
Utility	299	278	344	328	358
Sales Tax	99	109	107	87	63
Sales & Services	45	48	53	67	69
Intergovernmental	106	112	178	120	101
Debt Proceeds	3	2	9	255	43
Other Miscellaneous	46	62	485	29	25
Total	$852	853	1,423	1,128	915

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2010
2010

Category Revenue
Per Capita

Property Tax $407,289
$256

Water/Sewer 41,500
26

Electric 527,752
332

Other Utilities 0
0

Sales Tax 100,634
63

Sales & Services 108,967
69

Intergovernment 161,075
101

Debt Proceeds 67,628
43

Miscellaneous 39,056
25

Total $1,453,901
$915

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

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2010
2010

Category Expenditures
Per Capita

General Government $294,628
$185

Water/Sewer 28,001
18

Electric 431,124
271

Other Utilities -28,001
-18

Debt Service 134,413
85

Transportation 49,527
31

Public Safety 409,264
258

Other 171,245
108

Total $1,490,201
$938

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

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2010
2010

Category Expenditures
Per Capita

Salaries & Wages $527,108
$332

Water/Sewer Capital 0
0

Electric Capital 1,710
1

Other Capital 0
0

Other Operating 961,383
605

Total $1,490,201
$938

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

Last Updated 2/7/2012 2:45:57 PM



	2010	2010
Category	Revenue	Per Capita
Property Tax	$407,289	$256
Water/Sewer	41,500	26
Electric	527,752	332
Other Utilities	0	0
Sales Tax	100,634	63
Sales & Services	108,967	69
Intergovernment	161,075	101
Debt Proceeds	67,628	43
Miscellaneous	39,056	25
Total	$1,453,901	$915

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

North CarolinaDepartment of State TreasurerFinancial InformationTown of Walnut Cove

Financial Graphs and Comparisons

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