North Carolina
Department of State Treasurer
Financial Information
Town of Apex

Financial Profile | General Fund | Enterprise Funds | Cash, Investments and Financing
Annual Financial Information Report Detail | Water/Sewer Information
Electric System 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			2010	2009	2008	2007	2006	2005
	Revenues by Source
		Property Tax	$15,121,348	14,879,906	12,244,853	11,556,425	10,955,441	10,471,027
		Utility	38,696,871	36,924,985	38,334,323	39,098,502	32,224,637	27,561,759
		Sales Tax	4,842,500	5,099,936	5,704,460	5,397,563	4,898,017	4,421,506
		Sales & Services	3,214,563	2,925,464	2,906,204	2,806,907	2,564,236	2,397,349
		Intergovernmental	3,530,328	3,022,933	3,470,512	2,508,600	2,411,477	3,097,029
		Debt Proceeds	450,970	13,858,923	88,536	247,837	7,654,716	75,548
		Other Miscellaneous	2,372,274	11,912,952	5,054,092	6,373,319	4,367,421	3,603,727
		Total	$68,228,854	88,625,099	67,802,980	67,989,153	65,075,945	51,627,945

	Expenditures by Function
		Utility	$40,054,039	36,272,869	34,983,545	31,677,138	33,615,123	25,922,460
		Debt Service	6,956,132	2,874,784	1,947,556	1,954,979	1,551,817	1,901,243
		Transportation	2,802,279	3,377,126	7,601,781	4,018,438	1,910,945	2,351,359
		General Government	4,213,417	4,477,326	4,382,001	4,917,305	4,835,867	3,294,524
		Public Safety	16,724,025	16,975,649	11,166,258	10,601,243	9,851,605	7,991,976
		Other	6,787,560	8,825,958	8,582,831	7,088,361	9,681,183	7,540,004
		Total	$77,537,452	72,803,712	68,663,972	60,257,464	61,446,540	49,001,566

	Expenditures by Object
		Salaries & Wages	$21,688,703	21,134,663	19,457,206	16,673,872	15,112,409	12,960,025
		Capital Outlay	14,524,321	14,078,413	12,408,989	11,581,201	18,614,174	10,931,922
		Other Operating + Debt Service	41,324,428	37,590,636	36,797,777	32,002,391	27,719,957	25,109,619
		Total	$77,537,452	72,803,712	68,663,972	60,257,464	61,446,540	49,001,566


	Per Capita Revenues by Source
		Property Tax	$469	476	408	400	403	403
		Utility	1,199	1,182	1,279	1,354	1,184	1,062
		Sales Tax	149	163	189	187	180	171
		Sales & Services	100	94	97	97	94	92
		Intergovernmental	109	97	116	87	89	119
		Debt Proceeds	14	443	3	9	281	3
		Other Miscellaneous	74	381	169	221	160	139
		Total	$2,114	2,836	2,261	2,355	2,391	1,989

	Per Capita Expenditures by Function
		Utility	$1,241	1,161	1,167	1,097	1,235	999
		Debt Service	216	92	65	68	57	73
		Transportation	87	108	254	139	70	91
		General Government	131	144	146	171	178	126
		Public Safety	518	543	372	367	362	308
		Other	210	282	286	245	356	291
		Total	$2,403	2,330	2,290	2,087	2,258	1,888

	Per Capita Expenditures by Object
		Salaries & Wages	$672	676	649	577	555	499
		Capital Outlay	450	451	414	401	684	421
		Other Operating	1,281	1,203	1,227	1,109	1,019	968
		Total	$2,403	2,330	2,290	2,087	2,258	1,888

	Population Group		Electric 10,000 to 49,999	Electric 10,000 to 49,999	Electric 10,000 to 49,999	Electric 10,000 to 49,999	Electric 10,000 to 49,999	Electric 10,000 to 49,999
		Number of Municipalites in Group	23	22	22	22	22	22
		Average Population In Group	20,466	20,622	22,003	21,233	20,452	19,944
		Town of Apex Population	32,269	31,250	29,983	28,876	27,215	25,951
	Group Average Per Capita Revenues by Source
		Property Tax	389	401	365	353	344	334
		Utility	1,830	1,741	1,897	1,838	1,897	1,822
		Sales Tax	128	143	154	155	149	145
		Sales & Services	112	106	102	99	91	88
		Intergovernmental	219	190	170	182	209	237
		Debt Proceeds	48	114	152	79	102	75
		Other Miscellaneous	150	327	279	287	167	170
		Total	2,876	3,022	3,119	2,993	2,959	2,871

	Group Average Per Capita Expenditures by Function
		Utility	1,782	1,815	1,907	1,817	1,915	1,864
		Debt Service	174	166	147	136	192	151
		Transportation	143	117	116	113	115	120
		General Government	183	185	157	136	134	129
		Public Safety	419	415	397	377	367	352
		Other	287	340	357	288	270	279
		Total	2,988	3,038	3,081	2,867	2,993	2,895

	Group Average Per Capita Expenditures by Object
		Salaries & Wages	642	630	628	592	566	555
		Capital Outlay	375	454	439	337	363	386
		Other Operating	1,970	1,954	2,013	1,938	2,064	1,952
		Total	2,987	3,038	3,080	2,867	2,993	2,893


General Fund Go to top of page			2010	2009	2008	2007	2006	2005
	General Fund revenues		$27,928,543	27,224,099	25,533,939	24,392,951	22,755,231	22,410,137
	General Fund expenditures		29,529,700	26,952,418	24,938,941	22,709,908	20,689,468	20,419,542
	Operating transfers in		-	250,000	-	-	-	454,000
	Operating transfers out		1,563,385	-	409,000	3,768,487	1,309,407	746,575
	Capital leases and installment purchase proceeds		-	2,987,037	-	-	80,000	-
	Other items		-	-	-	-	-	-
	Excess of revenues and other sources over (under) expenditures and other uses		(3,164,542)	3,508,718	185,998	(2,085,444)	836,356	1,698,020

	Fund balance available (FBA):
		In dollars	$12,273,777	15,663,806	12,157,520	10,986,660	14,109,166	13,183,145
		FBA as a % of GF Net Expenditures:
		Unit's FBA %	39.47	65.36	47.96	41.49	64.37	62.28
		Group weighted average FBA %	38.21	39.96	38.75	37.01	40.17	41.78
		State weighted average Electric Group	33.61	34.57	35.35	33.92	35.62	36.67
		State weighted average FBA %	37.79	37.09	36.34	36.54	36.96	36.78


Enterprise Funds: Go to top of page
	Water/Sewer, Electric

	Combined financial results:
		Working capital	$48,252,095	46,615,579	46,118,792	41,487,929	32,367,475	33,001,702
		Quick ratio	10.23	10.89	10.37	11.74	9.33	9.86
		Net income	3,467,221	4,864,247	11,055,386	16,922,415	9,516,977	8,351,678
		Cashflow from operations	6,720,656	5,658,425	12,122,398	14,147,153	8,838,827	8,709,362
		Depreciation & Amortization Expense	5,672,884	5,356,984	5,160,550	5,096,655	4,477,202	4,108,691



Cash, Investments and Financing Go to top of page			2010	2009	2008	2007	2006	2005

		Population at July 1st of the Previous Year	32,269	31,250	29,983	28,876	27,215	25,951
		Population Group	Electric 10,000 to 49,999	Electric 10,000 to 49,999	Electric 10,000 to 49,999	Electric 10,000 to 49,999	Electric 10,000 to 49,999	Electric 10,000 to 49,999
		Cash &Investments	$0	0	0	0	0	0
		Investment Earnings	0	149,387	0	0	257,441	0
		Tax Rate Equivalent	0.0000	0.0035	0.0000	0.0000	0.0099	0.0000
		Tax Rate Equivalent Group weighted average	0.0001	0.0007	0.0019	0.0024	0.0015	0.0002
		Tax Rate Equivalent Statewide weighted average	0.0013	0.0034	0.0069	0.0101	0.0080	0.0043
		Latest year of Revaluation	2008	0	2000	2000	2000	2000
		January 1, Prior Year Assessed Valuation	$4,287,343,350	4,208,956,027	2,908,913,019	2,762,675,144	2,611,680,942	2,418,443,154
		Tax Rate	0.3400	0.3400	0.4000	0.4000	0.4000	0.4000
		Tax Rate Group weighted average	0.4364	0.4411	0.4498	0.4454	0.4425	0.4388
		Tax Rate State Wide	0.4060	0.4262	0.4238	0.4450	0.4321	0.4448
		Assessment -to-Sales Ratio	103.46	99.91	81.32	84.47	89.16	90.93
		Assessment -to-Sales Ratio Group weighted average	96.93	88.67	87.55	90.13	92.19	94.05
		Assessment -to-Sales Ratio Statewide	98.29	90.81	88.53	88.41	92.28	92.35
		Assessed Valuation Adjusted for Assesment to Sales Ratio	$4,143,962,256	4,212,747,500	3,577,118,813	3,270,599,200	2,929,206,978	2,659,675,744
		EffectiveTax Rate	0.3518	0.3397	0.3253	0.3379	0.3566	0.3637
		Group weighted average Effective Tax Rate	0.4230	0.3911	0.3938	0.4015	0.4080	0.4127
		Statewide weighted average Effective Tax Rate	0.3990	0.3870	0.3752	0.3934	0.3987	0.4108
		Percent Collected	99.1600	98.9500	98.5800	98.6200	98.7900	98.8800
		Percent Collected Group weighted average	96.64	96.54	96.79	96.51	96.74	97.03
		Percent Collected Statewide	97.61	97.36	97.56	97.58	97.55	97.42
		Percent Collected Excluding Motor Vehicles	99.67	99.52	99.46	99.51	99.68	99.68
		Percent Collected Excluding Motor Vehicles Group weighted average	97.39	97.57	98.03	97.73	98.00	98.16
		Percent Collected Excluding Motor Vehicles Statewide weighted average	98.30	98.31	98.65	98.59	98.61	98.36
		Percent Collected Motor Vehicles Only	92.23	92.28	91.45	91.65	91.77	92.56
		Percent Collected Motor Vehicles Only Group weighted average	85.57	84.72	83.94	84.21	85.28	86.42
		Percent Collected Motor Vehicles Only Statewide weighted average	86.89	86.67	86.74	86.71	86.80	87.31
		Tax Uncollected	1,045,606	1,194,303	1,337,051	1,292,206	1,211,392	1,144,944
		Tax Rate Equivalent	0.0244	0.0284	0.0460	0.0468	0.0464	0.0473
		Dominant County: Wake
	Debt Information
		Population Group	25,000 to 49,999	25,000 to 49,999	25,000 to 49,999	25,000 to 49,999	25,000 to 49,999	25,000 to 49,999
		Ratings:
		Fitch
		Moody's	Aa1	Aa3	Aa3	Aa3	Aa3	Aa3
		S & P	AAA	AAA	AA	AA	AA	AA

		General Obligation Debt (GO) where the taxing power of the entrire municipality is pledged to pay the obligation
		Enterprise GO Debt	$590,000	1,175,000	1,790,000	2,435,000	3,100,000	3,795,000
		General Government GO Debt	17,210,000	18,370,000	12,600,000	10,775,000	11,450,000	4,300,000
		Total General Obligation Debt	17,800,000	19,545,000	14,390,000	13,210,000	14,550,000	8,095,000
		Per Capita	$552	625	480	457	535	312
		Total Per Capita for the Population Group	220	221	247	243	283	320
		Total Per Capita Statewide	449	455	456	478	495	505
		Total per Assessed Valuation Adjusted for Current Year Sales	0.4295%	0.4639%	0.4023%	0.4039%	0.4967%	0.3044%
		Total per Assessed Valuation Adjusted for Current Year Sales- Group Average	0.2139%	0.2012%	0.2539%	0.2706%	0.3405%	0.4122%
		Total per Assessed Valuation Adjusted for Current Year Sales - Statewide	0.4104%	0.3909%	0.4132%	0.4706%	0.5275%	0.5588%
		Total Authorized but not Issued General Obligation Debt	$41,000,000	41,430,000	47,500,000	50,000,000	50,000,000	57,500,000

		Installment Sales Purchases and Lease Obligations
		--Enterprise	$0	0	0	0	0	0
		--General Government	8,190,000	8,645,000	0	0	0	0
		Total*	$8,190,000	8,645,000	0	0	0	0
		* The total only includes the contracts that require Local Government Commission approval.
		Revenue Bond Debt	$6,925,000	7,300,000	0	0	0	0


Annual Financial Information Report Detail Go to top of page
Line	Section	Description	2010	2009	2008	2007	2006	2005
	Population at July 1st of the Previous Year Adjusted for Boundry Changes		32,269	31,250	29,983	28,876	27,215	25,951

1.5A	FISCAL	Governmental Activities Assets	188,773,040	189,642,972	167,903,510	160,093,553	149,464,226	136,456,146
1.5B	SUMMARY	Governmental Activities Liabilities	30,397,950	34,513,979	15,436,104	13,704,739	13,796,809	6,216,172
3.5A		Business Type Activities Assets	166,413,518	163,063,244	151,772,143	140,303,667	122,882,596	113,827,611
3.5B		Business Type Activities Liabilties	13,475,124	13,592,071	7,165,217	6,752,127	6,253,471	6,715,464
6.5A		Fiduciary Funds Assets	411,122	406,414	387,168	342,053	295,005	259,217
6.5B		Fiduciary Funds Liabilties
10.0	PART 2	Current Collections of Unit -Wide Levy	14,986,938	14,729,155	12,090,741	11,405,623	10,828,864	10,334,639
11.0	TAX	Current Collections of Special Tax Districts
12.0	REVENUES	Prior Years' Levy Collections	104,603	117,858	124,665	121,667	102,464	112,340
13.0		Penalties and Interest	29,807	32,893	29,447	29,135	24,113	24,048
14.0		Collections of Taxes Previously Written Off
15.0		Animal Tax				22	58	86
15.1		Solid Waste Disposal Tax
16.0		1% Local Government Option Sales Tax	2,513,258	2,498,969	2,694,787	2,555,136	2,391,520	2,254,968
17.0		1/2% Local Government Option Sales Tax (40)	968,500	936,348	983,449	928,509	801,274	667,647
18.0		1/2% Local Government Option Sales Tax (42)	1,099,248	923,598	973,181	916,880	791,868	658,804
18.5		1/2% Local Government Option Sales Tax (44)	261,494	741,021	1,053,043	997,038	913,355	840,087
19.0		Privilege Licenses
19.2		Privilege -- All other privileges and pemits
20.0		Auto Licenses	134,137	133,842	129,565	125,878	119,964	111,363
21.0		Vehicle Tax for Public Transportation
22.0		Other Licenses		43,804	71,153	178,027	351,169	243,397
23.0		Local Occupancy Tax
24.0		Prepared Food Tax
25.0		911 Charges
26.0		Gross Short Term lease and Rental Tax	27,850	35,625	36,471	35,600	31,393	20,281
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	481,506	60,068	61,875	65,043
31.0		Transportation - Streets	107,595
32.0		Transportation - All Other
33.0		Environmental Protection						124,762
34.0		Econ. & Phys. Dev. - Housing/Comm. Dev.
35.0		Econ. & Phys. Dev. - All Other						2,733
36.0		Human Services: Health, Mental Hlt & Hosp
37.0		Human Services: All Other
38.0		Culture & Recreation			295,167	144,336
39.0	STATE	Payments In Lieu of Taxes - State
40.0	INTERGOV	Unauthorized Substance Tax
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	1,886,159	1,753,187	1,525,954	1,296,485	1,061,803	961,353
45.0		Beer and Wine Tax	44,581	134,653	133,014	122,979	114,624	109,613
46.0		Powell Bill	792,228	865,153	935,421	792,726	775,332	749,650
50.0		Court Fees - Facilities and Arrest Fees	19,917	21,683	20,435	10,206	10,206	7,485
51.0		General Government
52.0		Public Safety			25,959
53.0		Transportation - Streets
54.0		Transportation - All Other			297,500		312,289
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	41,229	72,304			50,000	775,159
61.0	LOCAL	Payments in Lieu of Taxes - Local	1,166	1,671	1,010	1,537	2,898	982
62.0	INTERGOV	General Government
63.0	REVENUES	Public Safety	62,774	78,589	137,706	39,688	52,932	57,402
64.0		Transportation - Streets						287,609
65.0		Transportation - All Other	1,500
66.0		Environmental Protection	63,823
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	16,917	7,894	6,102	196,234	282,086	939,228
71.0	PERMITS	Building Permits	461,222	553,018	911,313	928,605	1,047,324	761,631
72.0	& FEES	Inspection Fees
72.1		Amusements licensing and permit taxes
73.0		Other Permits	96,672	98,847	133,011	199,098	79,155	143,996
74.0	SALES &	Parking Revenues
75.0	SERVICES	Rents and Royalties
76.0		Airport
77.0		Fire Protection Charges
78.0		Solid Waste	2,312,047	2,261,945	2,073,277	1,945,548	1,742,823	1,706,812
79.0		Ambulance and Rescue Squad Charges	275,104
80.0		Cemeteries
81.0		Recreation Service Revenues	530,740	498,523	461,374	444,710	400,604	440,618
82.0		Library Service Revenues
83.0		Other Cultural and Rec Service Revenues		66,149	238,542	217,551	341,654	105,923
84.0		Mass Transit - City Operated
85.0		Other Sales and Services	1,228	1,188	390	374	2,993	574
86.0	UTILITY	Water and Sewer Charges	11,105,550	10,184,392	13,560,857	16,395,123	11,367,280	10,275,566
87.0	REVENUES	Electric Charges	27,590,093	26,739,405	24,773,076	22,703,005	20,854,364	17,285,619
88.0		Gas Charges
88.1		Storm Water Fees
89.0	MISC.	Investment Earnings - Bond Proceeds		149,387			257,441
90.0	REVENUES	Investment Earnings - All Other Funds	277,721	1,314,676	2,870,158	2,878,813	1,926,650	1,053,862
91.0		Special Assessments
92.0		Private Contributions and Donations	1,056,136	135,474	41,017	8,679	13,054	40,245
93.0		Sales of Materials and Fixed Assets	33,739	33,501	102,532	80,899	76,894	34,213
94.0		Sale of Real Property
95.0		Nongovt Contr For Streets & Traffic Signals	300,607	416,552	813,518	729,421	138,343	356,201
96.0		ABC Mixed Drink Surcharge
97.0		ABC Profit Distribution	91,795	99,575	108,734	86,916	74,438	63,501
98.0		Other Miscellaneous Revenues	450,970	200,859	88,536	247,837	154,716	75,548
99.0		Proceeds of Sale of Bonds and Notes		13,658,064			7,500,000
100.0		Proceeds of Capital Leases/Install Purchases		9,025,229		1,159,825	80,000
101.0		Other					308,335	19,741
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	53,091	33,847	13,601	40,481	32,401
106.0		Deposits Other than Utility
107.0		Prepaid Taxes	21,256	18,912	2,097	2,033	1,214
108.0		Prepaid Privilege Licenses
109A	PART 4	Governing Body - Salaries & Wages	45,781	45,767	44,571	43,320	40,051	40,792
109B	GENERAL	Governing Body - Other Direct	86,368	197,789	236,421	187,424	193,230	184,677
109C	GOVT	Governing Body - Construction
109D		Governing Body - Purchase of P,P&E
110A		Administration - Salaries & Wages	1,212,748	1,283,415	1,158,574	1,086,096	991,770	870,355
110B		Administration - Other Direct	978,316	1,041,466	1,023,447	822,217	869,289	749,662
110C		Administration - Construction
110D		Administration - Purchase of P,P&E	36,916	113,292	169,664	524,752	77,898	50,696
111A		Elections - Salaries & Wages
111B		Elections - Other Direct
111C		Elections - Construction
111D		Elections - Purchase of P,P&E
112A		Finance - Salaries & Wages	369,535	359,911	337,514	324,315	293,085	256,954
112B		Finance - Other Direct	310,073	285,513	267,624	240,762	240,002	261,460
112C		Finance - Construction
112D		Finance - Purchase of P,P&E		12,124		18,500		6,830
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	185,714	224,944	213,261	196,875	186,693	174,266
115B		Public Buildings - Other Direct	370,431	414,383	411,790	398,019	333,253	329,644
115C		Public Buildings - Construction				19,860	1,094,799
115D		Public Buildings - Purchase of P,P&E	172,430	28,977	55,931	28,968	58,067
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	188,409	182,871	173,558	153,449	126,962	120,390
117B		Central Services - Other Direct	51,877	47,790	81,549	57,401	75,611	45,025
117C		Central Services - Construction
117D		Central Services - Purchase of P,P&E		41,415	18,326	56,902	52,213	33,800
118A		Gen. Govt. All Other - Salaries & Wages	129,625	126,366	120,334	113,416	110,379	100,778
118B		Gen. Govt. All Other - Other Direct	75,194	71,303	69,437	67,159	82,751	69,195
118C		Gen. Govt. All Other - Construction
118D		Gen. Govt. All Other - Purchase of P,P&E				577,870	9,814
119A	PUBLIC	Police & Comm - Traffic Control - Salaries and Wages	5,077,297	4,867,470	4,305,761	4,020,123	3,466,758	3,003,802
119B	SAFETY	Police & Comm - Traffic Control - Other Direct	676,355	1,103,550	882,662	963,428	775,777	607,100
119C		Police & Comm - Traffic Control - Construction	4,797,649	2,834,909	364,698	189,452
119D		Police & Comm - Traffic Control - Purchase of P,P&E		140,095	206,938	294,038	486,745	403,595
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	14,551	15,668	14,046	15,576
121C		Emergency Mgmt - Construction
121D		Emergency Mgmt - Purchase of P,P&E
122A		Fire - Salaries & Wages	3,476,887	2,866,382	2,405,708	2,183,813	1,727,117	1,369,646
122B		Fire - Other Direct	436,762	504,014	548,064	515,165	468,857	526,586
122C		Fire - Construction		2,483,205	120,848	52,625
122D		Fire - Purchase of P,P&E		34,456	158,524	418,428	1,162,068	508,209
123A		Inspectors - Salaries & Wages	1,628,305	1,719,450	1,712,181	1,523,174	1,385,152	1,203,242
123B		Inspectors - Other Direct	141,654	98,206	105,485	99,888	94,331	94,332
123C		Inspectors - Construction		35,849	48,761	41,769	45,642	27,780
123D		Inspectors - Purchase of P,P&E	233,350
124A		Rescue Units - Salaries & Wages	31,085	60,000	80,000	80,000	60,000	80,000
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						12,512
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	394,797	372,131	318,072	272,910	246,064	348,394
128A		Streets and Highways - Salaries & Wages	590,406	1,066,595	1,435,387	435,899	760,370	497,578
128B		Streets and Highways - Other Direct	1,717,313	1,872,677	5,595,064	3,124,668	777,560	1,289,937
128C		Streets and Highways - Construction	99,763	65,723	253,258	184,961	126,951	215,450
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
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	838,342	844,023	805,372	680,796	592,073	569,356
136B	MENTAL	Solid Waste - Other Direct	2,079,949	2,010,545	1,979,383	1,829,511	1,721,501	1,621,198
136C	PROTECTION	Solid Waste - Construction
136D		Solid Waste - Purchase of P,P&E	14,300	170,182	98,735	144,029	103,571	85,156
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	21,752	19,314	21,648	21,247	22,496	21,654
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	873,610	868,907	791,052	757,698	685,143	617,726
140B	& PHYSICAL	Planning & Zoning - Other Direct	67,489	168,466	239,566	118,760	147,301	148,597
140C	DEVELOP	Planning & Zoning - Construction
140D		Planning & Zoning - Purchase of P,P&E			128,859	41,897		32,570
141A		Economic Development - Salaries & Wages
141B		Economic Development - Other Direct	72,147	135,045	114,716	64,308	63,730	57,482
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	1,403,292	1,390,111	1,229,310	1,025,850	930,653	870,947
153B	RECREATION	Recreation & Parks - Other Direct	1,172,870	1,210,707	1,109,719	903,989	849,485	800,610
153C		Recreation & Parks - Construction	104,365	1,603,203	1,868,920	1,457,753	4,488,487	547,249
153D		Recreation & Parks - Purchase of P,P&E	139,444	405,455	195,551	42,523	76,743	2,167,459
154A		Coliseum - Salaries & Wages
154B		Coliseum - Other Direct
154C		Coliseum - Construction
154D		Coliseum - Purchase of P,P&E
155A		Museums - Salaries & Wages
155B		Museums - Other Direct
155C		Museums - Construction
155D		Museums - Purchase of P,P&E
156A		Libraries - Salaries & Wages
156B		Libraries - Other Direct
156C		Libraries - Construction
156D		Libraries - Purchase of P,P&E
157A		Cult. & Recr. All Other - Salaries & Wages
157B		Cult. & Recr. All Other - Other Direct
157C		Cult. & Recr. All Other - Construction
157D		Cult. & Recr. All Other - Purchase of P,P&E
158A	UTILITY	Water & Sewer - Salaries & Wages	2,986,234	2,759,673	2,412,730	2,109,929	2,003,726	1,685,409
158B		Water & Sewer - Other Direct	3,471,311	3,857,787	2,891,528	2,619,476	2,384,027	2,254,168
158C		Water & Sewer - Construction	2,738,100	1,946,051	5,484,921	3,434,449	3,944,702	1,216,506
158D		Water & Sewer - Purchase of P,P&E	870,725	1,899,284	752,535	841,408		1,344,122
159A		Electric Power - Salaries & Wages	2,651,433	2,468,778	2,231,893	1,939,119	1,752,477	1,486,272
159B		Electric Power - Other Direct	22,413,754	21,449,234	19,045,490	17,794,650	16,889,781	13,991,877
159C		Electric Power - Construction	4,046,107	1,782,086	2,164,448	2,938,107	6,640,410	3,844,229
159D		Electric Power - Purchase of P,P&E	876,375	109,976				99,877
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	52,426	66,614	83,436	67,740	80,640	94,040
161D	SERVICE	Water & Sewer - Principal	642,700	672,700	708,520	620,000	645,000	670,000
162B		Electric - Interest & Fees	264,260			2,588	5,463	8,338
162D		Electric - Principal	375,000			45,000	50,000	50,000
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	1,086,746	860,470	460,600	498,155	395,676	265,216
166D		All Other - Principal	4,535,000	1,275,000	695,000	721,496	375,038	813,649
167B	PENSION	Direct Benefit Program - Other Direct
168B	FRINGE	Fringe Benefits Unallocated
169B		Separation Allowance - Law Enforcement	51,388	51,388	69,642	69,997	64,055	59,024
170B		Separation Allowance - Other Employees
171B		Supplemental Retirement - Law Enforcement	158,742	161,007	142,940	133,767	115,103	96,148
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	13,470,417.	13,114,274.00	10,421,737.00	9,779,713.00	9,277,319.00	8,882,367.00
180.0		Current year's levy -- Motor vehicles (only)	1,001,316.	1,131,974.00	1,280,360.00	1,244,209.00	1,181,619.00	1,116,344.00
181.0	PART 6	Uncollected Taxes - Current Year's Levy Except Mot Veh	44,290.	62,329.00	56,691.00	47,997.00	29,773.00	28,600.00
182.0	OTHER	Uncollected Taxes - CY Levy -Motor Vehicles	77,830	87,337	109,426	103,881	97,282	83,100
183.0	DATA	Percentage of Taxes Collected - All Property %	99.16	98.95	98.58	98.62	98.79	98.88
184.0	DATA	Percentage of Taxes Collected - Exclude Motor Vehicles%	99.67	99.52	99.46	99.51	99.68	99.68
185.0		Percentage of Taxes Collected - Motor Vehicles %	92.23	92.28	91.45	91.65	91.77	92.56
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	9,527,827	21,641,773	2,501,295	18,501,155	4,132,367
189C	INVEST	Cash On Hand & in Bank - All Other	63,713,996	58,324,862	60,390,168	59,090,702	49,218,470	49,579,171
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	70,392,239	89,004,805	68,662,950	74,764,155	67,301,424	53,807,711
194B	FISCAL	Amount - Subtract Refunding Bond Proceeds
194C	SUMMARY	Amount - Subtract Interfund Transfers In	2,163,385	379,706	859,970	6,775,002	1,917,144	2,160,025
194D		Amount - Net Revenues	68,228,854	88,625,099	67,802,980	67,989,153	65,384,280	51,647,686
		Calculated amount	68,228,854	88,625,099	67,802,980	67,989,153	65,384,280	51,647,686
		Amounts in AGREEMENT??	Yes	Yes	Yes	Yes	Yes	Yes
		Difference
195A		Amount - Total Expenditures	79,700,837	73,183,418	69,523,942	67,032,466	63,363,684	51,161,591
195B		Amount - Subtract Pymts. to Refunded Debt Agent
195C		Amount - Subtract Interfund Transfers Out	2,163,385	379,706	859,970	6,775,002	1,917,144	2,160,025
195D		Amount - Net Expenditures	77,537,452	72,803,712	68,663,972	60,257,464	61,446,540	49,001,566
		Calculated amount	77,537,452	72,803,712	68,663,972	60,257,464	61,446,540	49,001,566
		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	1,089	1,040	1,035,880
402B	Operations	Amount processed and/or purchased in units Sewer	893	878
403A		Total amount billed in units - Water	945	932	957,780
403B		Total amount billed in units - Sewer	871	878
404A		Of the total in 403A above how many units were Residential W	689	664	706,270
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	4,127,875	3,925,442	3,877,506	3,653,356
408A		Dollars related to 403A above	5,341,942	5,077,178
408B		Dollars related to 403B above	3,209,010	2,987,875	2,951,388	2,777,679
409A		Dollars related to 404A above	4,252,720	4,058,079
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	11,786	12,493	11,334
421A		Number of residential accounts billed - Water	10,700	11,400
421B		Number of residential accounts billed - Sewer	830	863	839
422A		Number of non-residential & bulk accounts billed - Water	830	809
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	Lee Smiley
951.0		Title	Finance Director
952.0		Date	11/16/2010	11/30/2009	11/07/2008	11/30/2007	10/31/2006	11/21/2005
953.0		Contact	Suzanne Parmentier
954.0		Title	Acct & Budget Analyst
955.0		Phone	919-249-3385
956.0		Fax	919-249-3329
957.0		E-Mail:

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

	2010	2009	2008	2007	2006	2005

Population	32,269	31,250	29,983	28,876	27,215	25,951
Population Group	Electric 10,000 and Above	Electric 10,000 and Above	Electric 10,000 and Above	Electric 10,000 and Above	Electric 10,000 and Above	Electric 10,000 and Above
Total Operating Revenues	$11,105,550	10,184,392	13,560,857	16,395,123	11,367,280	10,275,566
Total Operating Revenues Per Capita	$344	326	452	568	418	396
Group Weighted Average Revenues Per Capita	325	313	332	340	328	324
State Weighted Average Revenues Per Capita	306	290	293	293	286	262

% to Total Operating Revenues
Operating Expenses	102.75%	108.59%	69.22%	53.54%	70.61%	71.64%
Group Weighted Average	90.72%	96.69%	83.23%	78.74%	78.61%	82.45%
State Weighted Average	83.80%	88.94%	85.72%	81.18%	80.03%	84.59%

Operating Margin	-2.75%	-8.59%	30.78%	46.46%	29.39%	28.36%
Group Weighted Average	9.28%	3.31%	16.77%	21.26%	21.39%	17.55%
State Weighted Average	16.20%	11.06%	14.28%	18.82%	19.97%	15.41%

Operating Transfers In	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Group Weighted Average	0.87%	0.98%	1.48%	1.09%	0.69%	0.91%
State Weighted Average	1.47%	1.12%	1.21%	1.12%	1.45%	1.59%

Operating Transfers Out	0.00%	0.00%	0.00%	4.57%	0.00%	0.00%
Group Weighted Average	2.83%	2.69%	3.60%	4.23%	2.51%	2.95%
State Weighted Average	1.66%	2.70%	3.12%	1.85%	2.76%	2.79%

Net Income before capital contributions	-1.73%	-1.03%	44.03%	51.20%	37.51%	32.19%
Group Weighted Average	7.08%	-0.07%	14.29%	19.02%	3.22%	12.78%
State Weighted Average	12.99%	-9.68%	14.10%	18.23%	15.30%	15.64%

Key Ratios and Cash Flow

Quick Ratio	26.36	31.05	22.23	30.10	24.04	22.26
Group Weighted Average	3.89	3.31	3.28	3.43	3.14	2.98
State Weighted Average	3.20	2.81	2.96	2.90	2.82	1.82

Days Sales in Receivables	8.0	47.6	39.0	33.6	39.9	40.3
Group Weighted Average	51.7	68.3	52.8	56.2	52.9	52.9
State Weighted Average	58.8	58.6	56.1	60.7	58.1	60.0

Days Cash on Hand	2,168.6	2,160.1	2,813.7	2,861.6	2,385.8	2,332.7
Group Weighted Average	442.8	419.3	368.1	388.5	351.5	326.4
State Weighted Average	526.9	479.1	507.5	565.1	514.1	479.7

Cash flow from Operations	$4,408,028	3,147,761	9,000,414	11,320,575	6,972,188	6,549,240

Debt to Equity	0.01	0.02	0.03	0.03	0.03	0.04
Group Weighted Average	0.30	0.33	0.32	0.33	0.47	0.52
State Weighted Average	0.60	0.56	0.57	0.55	0.52	0.54

Debt per Capita	49	67	96	123	110	139
Group Weighted Average	502	557	772	736	766	798
State Weighted Average	997	927	932	886	798	753

Capital Expenditures:	2010	2009	2008	2007	2006	2005
	$0	0	0	0	0	0

	2004	2003	2002	2001
	$1,604,552	2,458,233	7,158,372	9,084,978

Capital Contributions: Excluded from income above	$2,748,433	3,461,680	2,607,899	6,163,639	3,738,621	3,798,699


Operating Statistics

Estimated population of the areas served Water	0	0	0	33,129	NA	NA
Estimated population of the areas served Sewer	0	0	0	0	NA	NA

Number of Gallons of Water Processed (000) omitted	1,089	1,040	1,035,880	0	NA	NA
Number of Gallons of Sewage Processed (000) omitted	893	878	0	0	NA	NA

Number of Gallons of Water Billed (000) omitted	945	932	957,780	0	NA	NA
Number of Gallons of Sewage Billed (000) omitted	871	878	0	0	NA	NA

Ratio of Water Billed to Water Processed	0.86745	0.89644	0.92461		NA	NA
Ratio of Sewage Billed to Sewage Processed	0.97618	1.00000			NA	NA

Total Revenue from Water Sales	4,127,875	3,925,442	3,877,506	3,653,356	NA	NA
Total Revenue from Sewage Sales	5,341,942	5,077,178	0	0	NA	NA

Water Revenue per 1000 gallons of Sales				110.27668	NA	NA
Sewage Revenue per 1000 gallons of Sales					NA	NA

Group Average Sales per thousand Gallons Water	$0.01246	$4.86341	$7.69779	$0.85985	NA	NA
Group Average Sales per thousand Gallons Sewage	$0.02977	$6.22266	$9.61680	$1.05699	NA	NA

State Average Sales per thousand Gallons Water	$39.04205	$39.12016	$9.21753	$4,470.42307	NA	NA
State Average Sales per thousand Gallons Sewage	$32.79990	$47.65407	$27.02160	$3,120.23568	NA	NA

Residential Water Sales per thousand Gallons	$4,657.82713	4,497.84733	4.17884		NA	NA
Residential Sewage Sales per thousand Gallons	$6,392.47223	6,472.21531			NA	NA

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

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

Go to top of page Key Ratios of Electric Systems for The
Town of Apex

	2010	2009	2008	2007	2006	2005

Population	32,269	31,250	29,983	28,876	27,215	25,951
Power Agency Group	N.C. Easterrn Municipal Power Agency
Total Operating Revenues	$27,513,966	26,739,405	24,781,873	22,727,919	20,854,364	17,285,619
Group Weighted Average	19,465,492	18,230,239	16,500,167	15,998,617	15,253,273	13,711,105

% to Total Operating Revenues
Power Purchases	75.9%	74.9%	71.4%	72.6%	75.5%	75.2%
Group Weighted Average	81.6%	82.2%	79.7%	80.6%	80.4%	79.5%

Other Operating Expenses	20.1%	19.6%	19.1%	18.9%	18.0%	18.3%
Group Weighted Average	14.9%	15.2%	17.3%	16.0%	16.2%	17.8%

Operating Margin	3.9%	5.5%	9.5%	8.5%	6.5%	6.5%
Group Weighted Average	3.5%	2.6%	3.0%	3.4%	3.4%	2.7%

Operating Transfers In	0.0%	0.0%	0.0%	1.8%	0.0%	0.0%
Group Weighted Average	0.0%	0.0%	0.3%	0.2%	0.0%	0.0%

Operating Transfers Out	0.0%	0.0%	0.0%	0.2%	0.0%	0.0%
Group Weighted Average Out	1.9%	2.1%	2.1%	2.3%	2.0%	2.4%

Net Income	3.3%	5.6%	10.0%	10.4%	7.3%	7.2%
Group Weighted Average	2.6%	2.3%	3.0%	2.3%	1.3%	0.6%

Key Ratios and Cash Flow

Quick Ratio	2.7	2.4	2.4	2.2	1.9	3.7
Group Weighted Average	2.7	2.6	2.6	2.6	2.9	3.2

Coverage Ratio	1.08	1.13	1.20	1.20	1.15	1.14
Group Weighted Average	1.07	1.07	1.08	1.07	1.06	1.04

Days Sales in Receivables	62.3	56.6	57.8	58.0	56.3	58.2
Group Weighted Average	45.0	41.3	43.2	41.2	43.0	43.9

Days Cash on Hand	69.5	57.5	52.5	36.7	33.6	150.4
Group Weighted Average	61.1	60.8	70.8	66.6	67.7	77.6

Cash flow from Operations	$2,312,628	2,510,664	3,121,984	2,826,578	1,866,639	2,160,122

Capital Expenditures:	$3,608,825	3,845,335	6,237,456	4,275,857	3,944,702	2,560,628


	2010	2009	2008	2007	2006	2005
Capital Contributions: Excluded from Income Above	$0	0	0	0	0	0

Operating Transfers to the General Fund as a % of GF Revenues	2010	2009	2008	2007	2006	2005
	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

	2004	2003	2002	2001	2000	1999
	0.59%	0.55%	0.55%	0.53%	0.54%	0.46%

Gross Electric Fund Assets as Cost	$42,363,740	37,441,258	35,560,624	33,499,451	30,680,250	24,078,551
Estimated Tax Loss from Municipal Ownership of Utility	$144,037	$127,300	142,242	133,998	122,721	96,314
Tax Rate Equivalent	0.0034	0.0030	0.0049	0.0049	0.0047	0.0040

Operating Transfers to the General Fund as a % of Gross Fixed Assets	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Operating Transfers to the General Fund as a Tax Rate Equivalent	0.0000	0.0000	0.0000	0.0000	0.0000	0.0000

Tax Rate Adjusted for Assessed to Sales Ratio	0.3518	0.3397	0.3253	0.3379	0.3566	0.3637

Tax Rate Adjusted Excluding Transfers	0.3518	0.3397	0.3253	0.3379	0.3566	0.3637

Weighted Average Group Rate Adjusted	0.4230	0.3911	0.3938	0.4015	0.4080	0.4127

Weighted Average Non Electric Adjusted Rate	0.4191	0.4007	0.4107	0.4309	0.4353	0.4419

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

	2006	2007	2008	2009	2010
Unit's FBA %	64.37%	41.49%	47.96%	65.36%	39.47%
Group average FBA %	40.17%	37.01%	38.75%	39.96%	38.21%
State average Electric/Non Electric Group FBA %	35.62%	33.92%	35.35%	34.57%	33.61%
State average FBA %	36.96%	36.54%	40.17%	37.09%	37.79%

Municipal Population Group: Electric 10,000 to 49,999

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2006 2007 2008 2009 2010

Municipality 98.79% 98.62% 98.58% 98.95% 99.16%

Pop. Group 96.74% 96.51% 96.79% 96.54% 96.64%

Statewide 97.55% 97.58% 97.56% 97.36% 97.61%

Municipal Population Group: Electric 10,000 to 49,999

	2006	2007	2008	2009	2010
Municipality	98.79%	98.62%	98.58%	98.95%	99.16%
Pop. Group	96.74%	96.51%	96.79%	96.54%	96.64%
Statewide	97.55%	97.58%	97.56%	97.36%	97.61%

Municipal Population Group: Electric 10,000 to 49,999

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2006 2007 2008 2009 2010

Municipality 535 457 480 625 552

Pop. Group 283 243 247 221 220

Statewide 495 478 456 455 449

Municipal Population Group: 25,000 to 49,999

	2006	2007	2008	2009	2010
Municipality	535	457	480	625	552
Pop. Group	283	243	247	221	220
Statewide	495	478	456	455	449

Municipal Population Group: 25,000 to 49,999

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2006 2007 2008 2009 2010

Property Tax $403 400 408 476 469

Utility 1,184 1,354 1,279 1,182 1,199

Sales Tax 180 187 189 163 149

Sales & Services 94 97 97 94 100

Intergovernmental 89 87 116 97 109

Debt Proceeds 281 9 3 443 14

Other Miscellaneous 160 221 169 381 74

Total $2,391 2,355 2,261 2,836 2,114

	2006	2007	2008	2009	2010
Property Tax	$403	400	408	476	469
Utility	1,184	1,354	1,279	1,182	1,199
Sales Tax	180	187	189	163	149
Sales & Services	94	97	97	94	100
Intergovernmental	89	87	116	97	109
Debt Proceeds	281	9	3	443	14
Other Miscellaneous	160	221	169	381	74
Total	$2,391	2,355	2,261	2,836	2,114

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2010
2010

Category Revenue
Per Capita

Property Tax $15,121,348
$469

Water/Sewer 1,228
0

Electric 11,105,550
344

Other Utilities 27,590,093
855

Sales Tax 4,842,500
149

Sales & Services 3,214,563
100

Intergovernment 3,530,328
109

Debt Proceeds 450,970
14

Miscellaneous 2,372,274
74

Total $68,228,854
$2,114

Municipal Population Group: Electric 10,000 to 49,999

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2010
2010

Category Expenditures
Per Capita

General Government $4,213,417
$131

Water/Sewer 0
0

Electric 10,066,370
312

Other Utilities 29,987,669
929

Debt Service 6,956,132
216

Transportation 2,802,279
87

Public Safety 16,724,025
518

Other 6,787,560
210

Total $77,537,452
$2,403

Municipal Population Group: Electric 10,000 to 49,999

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2010
2010

Category Expenditures
Per Capita

Salaries & Wages $21,688,703
$672

Water/Sewer Capital 0
0

Electric Capital 3,608,825
112

Other Capital 10,915,496
338

Other Operating 41,324,428
1,281

Total $77,537,452
$2,403

Municipal Population Group: Electric 10,000 to 49,999

Last Updated 5/4/2011 8:10:56 PM



	2010	2010
Category	Revenue	Per Capita
Property Tax	$15,121,348	$469
Water/Sewer	1,228	0
Electric	11,105,550	344
Other Utilities	27,590,093	855
Sales Tax	4,842,500	149
Sales & Services	3,214,563	100
Intergovernment	3,530,328	109
Debt Proceeds	450,970	14
Miscellaneous	2,372,274	74
Total	$68,228,854	$2,114

Municipal Population Group: Electric 10,000 to 49,999

North CarolinaDepartment of State TreasurerFinancial InformationTown of Apex

Financial Graphs and Comparisons

North Carolina
Department of State Treasurer
Financial Information
Town of Apex