Cash Balance Summary

Actual State Treasurer's OfficeCash Balance 10/31/08 -$186,256 -$458,714November Receipts $3,011,543 $2,229,961November Disbursements $2,694,475 $1,614,220

Cash Balance 11/30/08 $130,812 $157,027

Chowan CountyInvestment Balance

10/31/2008 11/30/2008RBC Centura* $571,124* $574,747* Avg 4.83%US Treasury T-Bill $100,000 $100,000 2.30%BB&T Secured CD $25,000 $25,000 2.86%GNMA $13,278 $13,200 Avg 9.50%NCCMT $11,708 $11,787 Avg 2.01%Finistar-General Fund Operating $6,997 $477,207 2.85%Finistar-General Fund Reserve $0 $80,050 2.85%

Total Investment Balance $728,107 $1,281,991

*Hospital Reserve Account

Chowan County Long Term Capital Debt Payments effective January 1, 2009

Debt Paid from General Fund:

Public Safety Center - Building (USDA)* Public Safety Center - Equipment (USDA)*Balance $9,856,600 Balance $1,100,000

Next Payment $418,906(Interest Only) Next Payment $46,750(Interest Only)

Payments Annual Payments AnnualDue Date 10/31/2009 Due Date 10/23/2009Maturity Date 10/31/2049 Maturity Date 10/23/2024Interest Rate 4.25% Interest Rate 4.25%

Library (USDA)* Library (RBC)Balance $1,800,000 Balance $1,166,325Next Payment $81,000(Interest Only) Next Payment $140,802Payments Annual Payments AnnualDue Date 10/23/2009 Due Date 10/25/2009Maturity Date 10/23/2049 Maturity Date 10/25/2021Interest Rate 4.50% Interest Rate 4.38%

Northern Chowan Community Center/Adult Day Health Center (BB&T)Balance $2,426,530Next Payment $257,782Payments AnnualDue Date 5/31/2009Maturity Date 5/31/2021Interest Rate 4.09%

Debt Paid from School Capital Reserve Fund:(This designated fund is financed with a combination of Article 40 & 42 Sales Tax Revenue, ADM Funds, Lottery Proceeds and a General Fund contribution)

John A. Holmes High School (QZAB) Chowan Middle School (G.O. Bonds)

Balance $1,689,281 Balance $180,385Next Payment $103,573 Next Payment $96,540Payments Annual Payments AnnualDue Date 7/1/2009 Due Date 3/1/2009Maturity Date 7/1/2025 Maturity Date 3/1/2010Interst Rate 0% Interest Rate 4.2785%

D. F. Walker Elementary School (BB&T)Balance $6,850,892Next Payment $710,409Payments AnnualDue Date 3/15/2009Maturity Date 3/15/2020Interest Rate 4.05%

Debt Paid from Water Fund: (This designated fund is financed with utility fees)

Water System Expansion (G.O. Bonds) Water System Expansion (BB&T)

Balance $21,375 Balance $222,412Next Payment $11,440 Next Payment $222,412Payments Annual Payments AnnualDue Date 3/1/2009 Due Date 3/1/2009Maturity Date 3/1/2010 Maturity Date 3/1/2009Interest Rate 4.2785% Interest Rate 4.929%

Debt Paid from Fire Fund: Debt Paid by PCG Landfill Commission:

(This designated fund is financed with Ad Valorem Fire Taxes) (Chowan County's portion is paid from the Solid Waste

Fund which is a designated fund financed by landfill fees)

Center Hill Crossroads Fire Dept Fire Trucks (USDA)* Convenience Site Equipment (RBC)***

Balance $375,000 Balance $266,669

Next Payment $27,900 Next Payment $134,966

Payments Annual Payments Annual

Due Date 01/2010 Due Date 7/1/2009

Maturity Date 01/2030 Maturity Date 7/1/2010

Interest Rate 4.125% Interest Rate 3.13%

Debt Paid from Albemarle Learning Center Fund:(This fund is financed with a combination of an appropriation from the Chowan County General Fund and property rental income)

Albemarle Learning Center (USDA)* **** Albemarle Learning Center (BB&T)****

Balance $98,363 Principal Balance $113,828

Next Payment $10,038 Next Payment $3,225

Payments Annual Payments Monthly

Due Date 10/10/2009 Due Date 1/5/2009

Maturity Date 10/10/2025 Maturity Date 5/5/2012

Interest Rate 5.25% Interest Rate 7.38%

Debt Paid from Edenton-Chowan Economic Development Fund:(This fund is financed with an appropriation from the Chowan County General Fund and the Town of Edenton)

Airport Industrial Park Spec Building (RBC)*****Principal Balance $153,378Next Payment $2,000Payments MonthlyDue Date 1/9/2009Maturity Date 1/9/2011Interest Rate 8%

Debt Paid Directly by University Health Systems, Inc.:

Chowan Hospital (Revenue Bonds)** Chowan Hospital (BB&T)**

Balance $883,851.00 Balance $440,735.00Next Payment $235,144.00 Next Payment $12,027.00Payments Semi-Annual Payments MonthlyDue Date 4/1/2009 Due Date 1/25/2009Maturity Date 10/1/2010 Maturity Date 2012Interest Rate 5.07% Interest Rate 5.21%

*USDA loans require 10% of payment to be placed in a special savings account until one full annual payment has been acculumated.Equates to $77,698.40.

**University Health Systems, formerly Pitt Memorial Hospital, Inc., pursuant to 1998 lease agreement, makes these payments directlyon behalf of Chowan County.

***This debt is paid directly by the PCG Landfill Commission, however, the transaction is structured in Chowan County's name only.

****This debt is an obligation of Albemarle Learning Center, Inc. paid by Chowan County pursuant to agreement in consideration foroption to purchase property.

*****This debt is an obligation of the Edenton-Chowan Development Corporation, Inc. guaranteed with a "letter of comfort" givenby Chowan County.

Chowan County Short Term Financings as of 1/1/2009

E-911 Software (Wachovia Bank) Vehicles (Wachovia Bank)Balance $19,710 Balance $18,189Next Payment $4,966 Next Payment $6,100Payments Monthly Payments MonthlyDue Date 1/15/2009 Due Date 1/1/2009Maturity Date 4/15/2009 Maturity Date 3/1/2009Interest Rate 3.75% Interest Rate 3.70%

Fisher Field Ballfield Lights (BB&T) Vehicles (RBC Centura)Balance $59,939 Balance $62,644Next Payment $3,629 Next Payment $4,924Payments Monthly Payments MonthlyDue Date 1/15/2009 Due Date 1/23/2009Maturity Date 5/15/2010 Maturity Date 1/23/2010Interest Rate 3.88% Interest Rate 3.71%

Vehicles (RBC Centura) Balance $220,529 Next Payment $4,570 Payments Monthly Due Date 1/7/2009 Maturity Date 3/7/2013 Interest Rate 2.58%

Register of Deeds

Revenues November FYTD BudgetAvailable Budget

% Collected

Land Transfer Tax 22,888.00 104,786.50 200,000.00 95,213.50 52.39%

Register of Deeds Fees 5,123.12 36,218.37 100,000.00 63,781.63 36.22%

Total Revenues 28,011.12 141,004.87 0.00 300,000.00 158,995.13 47.00%

Register of Deeds

Expenses November FYTD Encumbrance Budget Available Budget % Used

Salaries & Wages-Regular 8,094.08 40,551.32 97,132.00 56,580.68 41.75%

Salaries & Wages-Part Time 289.80 2,324.70 7,300.00 4,975.30 31.85%

FICA 622.93 3,187.81 8,326.00 5,138.19 38.29%

Retirement 397.42 1,991.06 4,770.00 2,778.94 41.74%

Hospitalization 1,311.60 6,558.00 15,740.00 9,182.00 41.66%

Supplemental Pension 152.95 503.43 1,500.00 996.57 33.56%

Office Supplies 82.77 82.77 1,000.00 917.23 8.28%

Departmental Supplies 225.00 1,242.00 3,000.00 1,533.00 48.90%

Travel 10.00 1,200.00 1,190.00 0.83%

Telephone & Postage 27.47 105.40 900.00 794.60 11.71%

Printing 700.00 700.00 0.00%

Maintenance & Repair-Equip 46.20 1,634.90 2,000.00 365.10 81.75%

Insurance & Bonds 100.00 100.00 0.00%

Dues & Subscriptions 69.80 900.00 830.20 7.76%

Total Expenses 11,025.22 57,244.19 1,242.00 144,568.00 86,081.81 40.46%

Land Records

Expenses November FYTD Encumbrances BudgetAvailable Budget % Used

Salaries & Wages-Regular 7,384.18 36,994.72 88,610.00 51,615.28 41.75%

Salaries & Wages-Part Time 0.00 950.00 950.00 0.00%

FICA 560.58 2,808.54 6,852.00 4,043.46 40.99%

Retirement 362.58 1,816.52 4,354.00 2,537.48 41.72%

Hospitalization 874.40 4,372.00 10,494.00 6,122.00 41.66%

Office Supplies 108.50 200.00 91.50 54.25%

Departmental Supplies 209.29 562.07 1,500.00 937.93 37.47%

Travel 259.32 1,183.04 1,700.00 516.96 69.59%

Telephone & Postage 55.55 212.66 700.00 487.34 30.38%

Printing 100.00 150.00

Maintenance & Repair-Equip 750.00 750.00 0.00%

Dues & Subscriptions 50.00 50.00 0.00%

Total Land Records Expenses 9,705.90 48,058.05 100.00 116,310.00 68,101.95 41.40%