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
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201020092008200720062005

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 GroupElectric 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 401365353344334


Utility 1,830 1,7411,8971,8381,8971,822


Sales Tax 128 143154155149145


Sales & Services 112 106102999188


Intergovernmental 219 190170182209237


Debt Proceeds 48 1141527910275


Other Miscellaneous 150 327279287167170


Total 2,876 3,0223,1192,9932,9592,871










Group Average Per Capita Expenditures by Function







Utility 1,782 1,8151,9071,8171,9151,864


Debt Service 174 166147136192151


Transportation 143 117116113115120


General Government 183 185157136134129


Public Safety 419 415397377367352


Other 287 340357288270279


Total 2,988 3,0383,0812,8672,9932,895










Group Average Per Capita Expenditures by Object







Salaries & Wages 642 630628592566555


Capital Outlay 375 454439337363386


Other Operating 1,970 1,9542,0131,9382,0641,952


Total 2,987 3,0383,0802,8672,9932,893


















General Fund
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201020092008200720062005

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 %39.4765.3647.9641.4964.3762.28


Group weighted average FBA %38.2139.9638.7537.0140.1741.78


State weighted average Electric Group33.6134.5735.3533.9235.6236.67


State weighted average FBA %37.7937.0936.3436.5436.9636.78

















Enterprise Funds:
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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 ratio10.23 10.89 10.37 11.74 9.33 9.86


Net income3,467,221 4,864,247 11,055,386 16,922,415 9,516,977 8,351,678


Cashflow from operations6,720,656 5,658,425 12,122,398 14,147,153 8,838,827 8,709,362


Depreciation & Amortization Expense5,672,884 5,356,984 5,160,550 5,096,655 4,477,202 4,108,691


























Cash, Investments and Financing
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201020092008200720062005











Population at July 1st of the Previous Year32,26931,25029,98328,87627,21525,951


Population GroupElectric 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 Earnings0 149,387 0 0 257,441 0


Tax Rate Equivalent0.00000.00350.00000.00000.00990.0000


Tax Rate Equivalent Group weighted average0.00010.00070.00190.00240.00150.0002


Tax Rate Equivalent Statewide weighted average0.00130.00340.00690.01010.00800.0043


Latest year of Revaluation 200802000200020002000


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 Rate0.34000.34000.40000.40000.40000.4000


Tax Rate Group weighted average0.43640.44110.44980.44540.44250.4388


Tax Rate State Wide0.40600.42620.42380.44500.43210.4448


Assessment -to-Sales Ratio103.4699.9181.3284.4789.1690.93


Assessment -to-Sales Ratio Group weighted average96.9388.6787.5590.1392.1994.05


Assessment -to-Sales Ratio Statewide98.2990.8188.5388.4192.2892.35


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 Rate0.35180.33970.32530.33790.35660.3637


Group weighted average Effective Tax Rate0.42300.39110.39380.40150.40800.4127


Statewide weighted average Effective Tax Rate0.39900.38700.37520.39340.39870.4108


Percent Collected99.160098.950098.580098.620098.790098.8800


Percent Collected Group weighted average96.6496.5496.7996.5196.7497.03


Percent Collected Statewide97.6197.3697.5697.5897.5597.42


Percent Collected Excluding Motor Vehicles99.6799.5299.4699.5199.6899.68


Percent Collected Excluding Motor Vehicles Group weighted average97.3997.5798.0397.7398.0098.16


Percent Collected Excluding Motor Vehicles Statewide weighted average98.3098.3198.6598.5998.6198.36


Percent Collected Motor Vehicles Only 92.2392.2891.4591.6591.7792.56


Percent Collected Motor Vehicles Only Group weighted average85.5784.7283.9484.2185.2886.42


Percent Collected Motor Vehicles Only Statewide weighted average 86.8986.6786.7486.7186.8087.31


Tax Uncollected1,045,606 1,194,303 1,337,051 1,292,206 1,211,392 1,144,944


Tax Rate Equivalent0.02440.02840.04600.04680.04640.0473


Dominant County: Wake






Debt Information








Population Group25,000 to 49,99925,000 to 49,99925,000 to 49,99925,000 to 49,99925,000 to 49,99925,000 to 49,999


Ratings:







Fitch







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S & PAAAAAAAAAAAAAA











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 Debt17,210,000 18,370,000 12,600,000 10,775,000 11,450,000 4,300,000


Total General Obligation Debt17,800,000 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 Group220 221 247 243 283 320


Total Per Capita Statewide449 455 456 478 495 505


Total per Assessed Valuation Adjusted for Current Year Sales0.4295%0.4639%0.4023%0.4039%0.4967%0.3044%


Total per Assessed Valuation Adjusted for Current Year Sales- Group Average0.2139%0.2012%0.2539%0.2706%0.3405%0.4122%


Total per Assessed Valuation Adjusted for Current Year Sales - Statewide0.4104%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 Government8,190,000 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
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LineSectionDescription201020092008200720062005

Population at July 1st of the Previous Year Adjusted for Boundry Changes32,26931,25029,98328,87627,21525,951









1.5AFISCAL Governmental Activities Assets188,773,040189,642,972167,903,510160,093,553149,464,226136,456,146
1.5BSUMMARYGovernmental Activities Liabilities30,397,95034,513,97915,436,10413,704,73913,796,8096,216,172
3.5A
Business Type Activities Assets166,413,518163,063,244151,772,143140,303,667122,882,596113,827,611
3.5B
Business Type Activities Liabilties13,475,12413,592,0717,165,2176,752,1276,253,4716,715,464
6.5A
Fiduciary Funds Assets411,122406,414387,168342,053295,005259,217
6.5B
Fiduciary Funds Liabilties





10.0PART 2Current Collections of Unit -Wide Levy14,986,93814,729,15512,090,74111,405,62310,828,86410,334,639
11.0TAXCurrent Collections of Special Tax Districts





12.0REVENUESPrior Years' Levy Collections104,603117,858124,665121,667102,464112,340
13.0
Penalties and Interest29,80732,89329,44729,13524,11324,048
14.0
Collections of Taxes Previously Written Off





15.0
Animal Tax


225886
15.1
Solid Waste Disposal Tax





16.0
1% Local Government Option Sales Tax2,513,2582,498,9692,694,7872,555,1362,391,5202,254,968
17.0
1/2% Local Government Option Sales Tax (40)968,500936,348983,449928,509801,274667,647
18.0
1/2% Local Government Option Sales Tax (42)1,099,248923,598973,181916,880791,868658,804
18.5
1/2% Local Government Option Sales Tax (44)261,494741,0211,053,043997,038913,355840,087
19.0
Privilege Licenses





19.2
Privilege -- All other privileges and pemits





20.0
Auto Licenses134,137133,842129,565125,878119,964111,363
21.0
Vehicle Tax for Public Transportation





22.0
Other Licenses
43,80471,153178,027351,169243,397
23.0
Local Occupancy Tax





24.0
Prepared Food Tax





25.0
911 Charges





26.0
Gross Short Term lease and Rental Tax27,85035,62536,47135,60031,39320,281
27.0FEDERALPayments In Lieu of Taxes - Federal





28.0INTERGOVEquitable Sharing of Fed. Forfeited Prop.





29.0REVENUESGeneral Government





30.0
Public Safety481,50660,06861,87565,043

31.0
Transportation - Streets107,595




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

295,167144,336

39.0STATEPayments In Lieu of Taxes - State





40.0INTERGOVUnauthorized Substance Tax





41.0REVENUESTransitional 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 Tax1,886,1591,753,1871,525,9541,296,4851,061,803961,353
45.0
Beer and Wine Tax44,581134,653133,014122,979114,624109,613
46.0
Powell Bill792,228865,153935,421792,726775,332749,650
50.0
Court Fees - Facilities and Arrest Fees19,91721,68320,43510,20610,2067,485
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 Recreation41,22972,304

50,000775,159
61.0LOCALPayments in Lieu of Taxes - Local1,1661,6711,0101,5372,898982
62.0INTERGOVGeneral Government





63.0REVENUESPublic Safety62,77478,589137,70639,68852,93257,402
64.0
Transportation - Streets




287,609
65.0
Transportation - All Other1,500




66.0
Environmental Protection63,823




67.0
Economic and Physical Development





68.0
Human Services - Health, Mental Hlt & Hosp





69.0
Human Services - All Other





70.0
Culture and Recreation16,9177,8946,102196,234282,086939,228
71.0PERMITS Building Permits461,222553,018911,313928,6051,047,324761,631
72.0& FEESInspection Fees





72.1
Amusements licensing and permit taxes





73.0
Other Permits96,67298,847133,011199,09879,155143,996
74.0SALES &Parking Revenues





75.0SERVICESRents and Royalties





76.0
Airport





77.0
Fire Protection Charges





78.0
Solid Waste2,312,0472,261,9452,073,2771,945,5481,742,8231,706,812
79.0
Ambulance and Rescue Squad Charges275,104




80.0
Cemeteries





81.0
Recreation Service Revenues530,740498,523461,374444,710400,604440,618
82.0
Library Service Revenues





83.0
Other Cultural and Rec Service Revenues
66,149238,542217,551341,654105,923
84.0
Mass Transit - City Operated





85.0
Other Sales and Services1,2281,1883903742,993574
86.0UTILITYWater and Sewer Charges11,105,55010,184,39213,560,85716,395,12311,367,28010,275,566
87.0REVENUESElectric Charges27,590,09326,739,40524,773,07622,703,00520,854,36417,285,619
88.0
Gas Charges





88.1
Storm Water Fees





89.0MISC.Investment Earnings - Bond Proceeds
149,387

257,441
90.0REVENUESInvestment Earnings - All Other Funds277,7211,314,6762,870,1582,878,8131,926,6501,053,862
91.0
Special Assessments





92.0
Private Contributions and Donations1,056,136135,47441,0178,67913,05440,245
93.0
Sales of Materials and Fixed Assets33,73933,501102,53280,89976,89434,213
94.0
Sale of Real Property





95.0
Nongovt Contr For Streets & Traffic Signals300,607416,552813,518729,421138,343356,201
96.0
ABC Mixed Drink Surcharge





97.0
ABC Profit Distribution91,79599,575108,73486,91674,43863,501
98.0
Other Miscellaneous Revenues450,970200,85988,536247,837154,71675,548
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
1,159,82580,000
101.0
Other



308,33519,741
102.0NON-REVSchool - Current Levy Collections





103.0RECEIPTSPrior Years' Levy Collections





104.0
Tax Collections for Other Units





105.0
Utilities Customer's Deposits53,09133,84713,60140,48132,401
106.0
Deposits Other than Utility





107.0
Prepaid Taxes21,25618,9122,0972,0331,214
108.0
Prepaid Privilege Licenses





109APART 4Governing Body - Salaries & Wages45,78145,76744,57143,32040,05140,792
109BGENERALGoverning Body - Other Direct86,368197,789236,421187,424193,230184,677
109CGOVTGoverning Body - Construction





109D
Governing Body - Purchase of P,P&E





110A
Administration - Salaries & Wages1,212,7481,283,4151,158,5741,086,096991,770870,355
110B
Administration - Other Direct978,3161,041,4661,023,447822,217869,289749,662
110C
Administration - Construction





110D
Administration - Purchase of P,P&E36,916113,292169,664524,75277,89850,696
111A
Elections - Salaries & Wages





111B
Elections - Other Direct





111C
Elections - Construction





111D
Elections - Purchase of P,P&E





112A
Finance - Salaries & Wages369,535359,911337,514324,315293,085256,954
112B
Finance - Other Direct310,073285,513267,624240,762240,002261,460
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 & Wages185,714224,944213,261196,875186,693174,266
115B
Public Buildings - Other Direct370,431414,383411,790398,019333,253329,644
115C
Public Buildings - Construction


19,8601,094,799
115D
Public Buildings - Purchase of P,P&E172,43028,97755,93128,96858,067
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 & Wages188,409182,871173,558153,449126,962120,390
117B
Central Services - Other Direct51,87747,79081,54957,40175,61145,025
117C
Central Services - Construction





117D
Central Services - Purchase of P,P&E
41,41518,32656,90252,21333,800
118A
Gen. Govt. All Other - Salaries & Wages129,625126,366120,334113,416110,379100,778
118B
Gen. Govt. All Other - Other Direct75,19471,30369,43767,15982,75169,195
118C
Gen. Govt. All Other - Construction





118D
Gen. Govt. All Other - Purchase of P,P&E


577,8709,814
119APUBLICPolice & Comm - Traffic Control - Salaries and Wages5,077,2974,867,4704,305,7614,020,1233,466,7583,003,802
119BSAFETYPolice & Comm - Traffic Control - Other Direct676,3551,103,550882,662963,428775,777607,100
119C
Police & Comm - Traffic Control - Construction4,797,6492,834,909364,698189,452

119D
Police & Comm - Traffic Control - Purchase of P,P&E
140,095206,938294,038486,745403,595
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 Direct14,55115,66814,04615,576

121C
Emergency Mgmt - Construction





121D
Emergency Mgmt - Purchase of P,P&E





122A
Fire - Salaries & Wages3,476,8872,866,3822,405,7082,183,8131,727,1171,369,646
122B
Fire - Other Direct436,762504,014548,064515,165468,857526,586
122C
Fire - Construction
2,483,205120,84852,625

122D
Fire - Purchase of P,P&E
34,456158,524418,4281,162,068508,209
123A
Inspectors - Salaries & Wages1,628,3051,719,4501,712,1811,523,1741,385,1521,203,242
123B
Inspectors - Other Direct141,65498,206105,48599,88894,33194,332
123C
Inspectors - Construction
35,84948,76141,76945,64227,780
123D
Inspectors - Purchase of P,P&E233,350




124A
Rescue Units - Salaries & Wages31,08560,00080,00080,00060,00080,000
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





127ATRANSPORTraffic Engineering - Salaries & Wages





127BTATIONTraffic Engineering - Other Direct





127C
Traffic Engineering - Construction





127D
Traffic Engineering - Purchase of P,P&E394,797372,131318,072272,910246,064348,394
128A
Streets and Highways - Salaries & Wages590,4061,066,5951,435,387435,899760,370497,578
128B
Streets and Highways - Other Direct1,717,3131,872,6775,595,0643,124,668777,5601,289,937
128C
Streets and Highways - Construction99,76365,723253,258184,961126,951215,450
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





136AENVIRONSolid Waste - Salaries & Wages838,342844,023805,372680,796592,073569,356
136BMENTALSolid Waste - Other Direct2,079,9492,010,5451,979,3831,829,5111,721,5011,621,198
136CPROTECTIONSolid Waste - Construction





136D
Solid Waste - Purchase of P,P&E14,300170,18298,735144,029103,57185,156
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 Direct21,75219,31421,64821,24722,49621,654
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





140AECONOMICPlanning & Zoning - Salaries & Wages873,610868,907791,052757,698685,143617,726
140B& PHYSICALPlanning & Zoning - Other Direct67,489168,466239,566118,760147,301148,597
140CDEVELOPPlanning & Zoning - Construction





140D
Planning & Zoning - Purchase of P,P&E

128,85941,897
32,570
141A
Economic Development - Salaries & Wages





141B
Economic Development - Other Direct72,147135,045114,71664,30863,73057,482
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





146AHUMANHealth - Salaries & Wages





146BSERVICESHealth - 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





153ACULTURE Recreation & Parks - Salaries & Wages1,403,2921,390,1111,229,3101,025,850930,653870,947
153BRECREATIONRecreation & Parks - Other Direct1,172,8701,210,7071,109,719903,989849,485800,610
153C
Recreation & Parks - Construction104,3651,603,2031,868,9201,457,7534,488,487547,249
153D
Recreation & Parks - Purchase of P,P&E139,444405,455195,55142,52376,7432,167,459
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





158AUTILITYWater & Sewer - Salaries & Wages2,986,2342,759,6732,412,7302,109,9292,003,7261,685,409
158B
Water & Sewer - Other Direct 3,471,3113,857,7872,891,5282,619,4762,384,0272,254,168
158C
Water & Sewer - Construction2,738,1001,946,0515,484,9213,434,4493,944,7021,216,506
158D
Water & Sewer - Purchase of P,P&E870,7251,899,284752,535841,408
1,344,122
159A
Electric Power - Salaries & Wages2,651,4332,468,7782,231,8931,939,1191,752,4771,486,272
159B
Electric Power - Other Direct22,413,75421,449,23419,045,49017,794,65016,889,78113,991,877
159C
Electric Power - Construction4,046,1071,782,0862,164,4482,938,1076,640,4103,844,229
159D
Electric Power - Purchase of P,P&E876,375109,976


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





161BDEBTWater & Sewer - Interest & Fees52,42666,61483,43667,74080,64094,040
161DSERVICEWater & Sewer - Principal642,700672,700708,520620,000645,000670,000
162B
Electric - Interest & Fees264,260

2,5885,4638,338
162D
Electric - Principal375,000

45,00050,00050,000
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 & Fees1,086,746860,470460,600498,155395,676265,216
166D
All Other - Principal4,535,0001,275,000695,000721,496375,038813,649
167BPENSIONDirect Benefit Program - Other Direct





168BFRINGEFringe Benefits Unallocated





169B
Separation Allowance - Law Enforcement51,38851,38869,64269,99764,05559,024
170B
Separation Allowance - Other Employees





171B
Supplemental Retirement - Law Enforcement158,742161,007142,940133,767115,10396,148
172B
Fringe Benefits Other





173AINTERGOVMulti-Cnty Libr Dis,Cnty,Or Other - Recipient





173BEXPENDMulti-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 vehicles13,470,417.13,114,274.0010,421,737.009,779,713.009,277,319.008,882,367.00
180.0
Current year's levy -- Motor vehicles (only)1,001,316.1,131,974.001,280,360.001,244,209.001,181,619.001,116,344.00
181.0PART 6Uncollected Taxes - Current Year's Levy Except Mot Veh44,290.62,329.0056,691.0047,997.0029,773.0028,600.00
182.0OTHERUncollected Taxes - CY Levy -Motor Vehicles77,83087,337109,426103,88197,28283,100
183.0DATAPercentage of Taxes Collected - All Property %99.1698.9598.5898.6298.7998.88
184.0DATAPercentage of Taxes Collected - Exclude Motor Vehicles%99.6799.5299.4699.5199.6899.68
185.0
Percentage of Taxes Collected - Motor Vehicles %92.2392.2891.4591.6591.7792.56
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





189APART 7Cash On Hand & in Bank - Debt Service





189BCASH &Cash On Hand & in Bank - Construction Bond9,527,82721,641,7732,501,29518,501,1554,132,367
189CINVESTCash On Hand & in Bank - All Other63,713,99658,324,86260,390,16859,090,70249,218,47049,579,171
190A PARTAppropriations Made During FY - B(1) - B(7)





190B 8Expenditures 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





194APART 9Amount - Total Revenues70,392,23989,004,80568,662,95074,764,15567,301,42453,807,711
194BFISCALAmount - Subtract Refunding Bond Proceeds





194CSUMMARYAmount - Subtract Interfund Transfers In2,163,385379,706859,9706,775,0021,917,1442,160,025
194D
Amount - Net Revenues68,228,85488,625,09967,802,98067,989,15365,384,28051,647,686


Calculated amount68,228,85488,625,09967,802,98067,989,15365,384,28051,647,686


Amounts in AGREEMENT??YesYesYesYesYesYes


Difference





195A
Amount - Total Expenditures79,700,83773,183,41869,523,94267,032,46663,363,68451,161,591
195B
Amount - Subtract Pymts. to Refunded Debt Agent





195C
Amount - Subtract Interfund Transfers Out2,163,385379,706859,9706,775,0021,917,1442,160,025
195D
Amount - Net Expenditures77,537,45272,803,71268,663,97260,257,46461,446,54049,001,566


Calculated amount77,537,45272,803,71268,663,97260,257,46461,446,54049,001,566


Amounts in AGREEMENT??YesYesYesYesYesYes


Difference














401APart 10Number of residential accounts billed Water





401BWater /Number of residential accounts billed Sewer





402ASewer Amount processed and/or purchased in units Water1,0891,0401,035,880


402BOperationsAmount processed and/or purchased in units Sewer893878



403A
Total amount billed in units - Water945932957,780


403B
Total amount billed in units - Sewer871878



404A
Of the total in 403A above how many units were Residential W689664706,270


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 bulk4,127,8753,925,4423,877,5063,653,356

408A
Dollars related to 403A above5,341,9425,077,178



408B
Dollars related to 403B above3,209,0102,987,8752,951,3882,777,679

409A
Dollars related to 404A above4,252,7204,058,079



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 above11,78612,49311,334


421A
Number of residential accounts billed - Water10,70011,400



421B
Number of residential accounts billed - Sewer830863839


422A
Number of non-residential & bulk accounts billed - Water830809



422B
Number of non-residential & bulk accounts billed - Sewer222222
423A
Estimated percentage of accounts outside of municipal limits
































950.0
OfficialLee Smiley

951.0
TitleFinance Director

952.0
Date11/16/201011/30/200911/07/200811/30/200710/31/200611/21/2005
953.0
ContactSuzanne Parmentier

954.0
TitleAcct & Budget Analyst

955.0
Phone919-249-3385




956.0
Fax919-249-3329




957.0
E-Mail:


















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Key Ratios and Operations Statistics of Water and Sewer Systems for



Town of Apex













201020092008200720062005








Population
32,26931,25029,98328,87627,21525,951
Population Group
Electric 10,000 and AboveElectric 10,000 and AboveElectric 10,000 and AboveElectric 10,000 and AboveElectric 10,000 and AboveElectric 10,000 and Above
Total Operating Revenues
$11,105,55010,184,39213,560,85716,395,12311,367,28010,275,566
Total Operating Revenues Per Capita
$344326452568418396
Group Weighted Average Revenues Per Capita325313332340328324
State Weighted Average Revenues Per Capita306290293293286262








% 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
26.3631.0522.2330.1024.0422.26
Group Weighted Average
3.893.313.283.433.142.98
State Weighted Average
3.202.812.962.902.821.82








Days Sales in Receivables
8.047.639.033.639.940.3
Group Weighted Average
51.768.352.856.252.952.9
State Weighted Average
58.858.656.160.758.160.0








Days Cash on Hand
2,168.62,160.12,813.72,861.62,385.82,332.7
Group Weighted Average
442.8419.3368.1388.5351.5326.4
State Weighted Average
526.9479.1507.5565.1514.1479.7








Cash flow from Operations
$4,408,0283,147,7619,000,41411,320,5756,972,1886,549,240








Debt to Equity
0.010.020.030.030.030.04
Group Weighted Average
0.300.330.320.330.470.52
State Weighted Average
0.600.560.570.550.520.54








Debt per Capita
496796123110139
Group Weighted Average
502557772736766798
State Weighted Average
997927932886798753








Capital Expenditures:
201020092008200720062005


$000000










2004200320022001



$1,604,5522,458,2337,158,3729,084,978









Capital Contributions: Excluded from income above
$2,748,4333,461,6802,607,8996,163,6393,738,6213,798,699
















Operating Statistics














Estimated population of the areas served Water00033,129NANA
Estimated population of the areas served Sewer0000NANA








Number of Gallons of Water Processed (000) omitted1,0891,0401,035,8800NANA
Number of Gallons of Sewage Processed (000) omitted89387800NANA








Number of Gallons of Water Billed (000) omitted945932957,7800NANA
Number of Gallons of Sewage Billed (000) omitted87187800NANA








Ratio of Water Billed to Water Processed0.867450.896440.92461
NANA
Ratio of Sewage Billed to Sewage Processed0.976181.00000

NANA








Total Revenue from Water Sales4,127,8753,925,4423,877,5063,653,356NANA
Total Revenue from Sewage Sales5,341,9425,077,17800NANA








Water Revenue per 1000 gallons of Sales



110.27668NANA
Sewage Revenue per 1000 gallons of Sales




NANA








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








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








Residential Water Sales per thousand Gallons$4,657.827134,497.847334.17884
NANA
Residential Sewage Sales per thousand Gallons$6,392.472236,472.21531

NANA








Water Sales per thousand Gallons outside Municipal Limits



NANA
Sewage Sales per thousand Gallons outside Municipal Limits



NANA








Total Water Sales per thousand gallons for Redistribution$0.000000.000000.000000.00000NANA
Total Sewage Sales per thousand gallons for Redistribution$0.000000.000000.000000.00000NANA




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Key Ratios of Electric Systems for The




Town of Apex













201020092008200720062005








Population
32,26931,25029,98328,87627,21525,951
Power Agency Group
N.C. Easterrn Municipal Power Agency
Total Operating Revenues
$27,513,96626,739,40524,781,87322,727,91920,854,36417,285,619
Group Weighted Average
19,465,49218,230,23916,500,16715,998,61715,253,27313,711,105








% 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
2.72.42.42.21.93.7
Group Weighted Average
2.72.62.62.62.93.2








Coverage Ratio
1.081.131.201.201.151.14
Group Weighted Average
1.071.071.081.071.061.04








Days Sales in Receivables
62.356.657.858.056.358.2
Group Weighted Average
45.041.343.241.243.043.9








Days Cash on Hand
69.557.552.536.733.6150.4
Group Weighted Average
61.160.870.866.667.777.6








Cash flow from Operations
$2,312,6282,510,6643,121,9842,826,5781,866,6392,160,122








Capital Expenditures:
$3,608,8253,845,3356,237,4564,275,8573,944,7022,560,628


















201020092008200720062005
Capital Contributions: Excluded from Income Above
$000000








Operating Transfers to the General Fund as a % of GF Revenues
201020092008200720062005


0.00%0.00%0.00%0.00%0.00%0.00%










200420032002200120001999


0.59%0.55%0.55%0.53%0.54%0.46%








Gross Electric Fund Assets as Cost
$42,363,74037,441,25835,560,62433,499,45130,680,25024,078,551
Estimated Tax Loss from Municipal Ownership of Utility
$144,037$127,300142,242133,998122,72196,314
Tax Rate Equivalent
0.00340.00300.00490.00490.00470.0040








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
0.00000.00000.00000.00000.00000.0000








Tax Rate Adjusted for Assessed to Sales Ratio
0.35180.33970.32530.33790.35660.3637








Tax Rate Adjusted Excluding Transfers
0.35180.33970.32530.33790.35660.3637








Weighted Average Group Rate Adjusted
0.42300.39110.39380.40150.40800.4127








Weighted Average Non Electric Adjusted Rate
0.41910.40070.41070.43090.43530.4419




Financial Graphs and Comparisons


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Analysis of Available Fund Balance:  General Fund

20062007200820092010
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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Analysis of Property Tax

20062007200820092010
Municipality98.79%98.62%98.58%98.95%99.16%
Pop. Group96.74%96.51%96.79%96.54%96.64%
Statewide97.55%97.58%97.56%97.36%97.61%






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






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Analysis of General Obligation Debt

20062007200820092010
Municipality535457480625552
Pop. Group283243247221220
Statewide495478456455449






Municipal Population Group: 25,000 to 49,999






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Analysis of Revenue

20062007200820092010
Property Tax$403400408476469
Utility1,1841,3541,2791,1821,199
Sales Tax180187189163149
Sales & Services94979794100
Intergovernmental898711697109
Debt Proceeds2819344314
Other Miscellaneous16022116938174
Total$2,3912,3552,2612,8362,114

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Analysis of Revenue for Fiscal 2010











2010
2010
CategoryRevenue
Per Capita
Property Tax$15,121,348
$469
Water/Sewer1,228
0
Electric11,105,550
344
Other Utilities27,590,093
855
Sales Tax4,842,500
149
Sales & Services3,214,563
100
Intergovernment3,530,328
109
Debt Proceeds450,970
14
Miscellaneous2,372,274
74
Total$68,228,854
$2,114





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





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Analysis of Expenditures by Function for Fiscal 2010











2010
2010
CategoryExpenditures
Per Capita
General Government$4,213,417
$131
Water/Sewer0
0
Electric10,066,370
312
Other Utilities29,987,669
929
Debt Service6,956,132
216
Transportation2,802,279
87
Public Safety16,724,025
518
Other6,787,560
210
Total$77,537,452
$2,403





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





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Analysis of Expenditures by Object for Fiscal 2010






2010
2010
CategoryExpenditures
Per Capita
Salaries & Wages$21,688,703
$672
Water/Sewer Capital0
0
Electric Capital3,608,825
112
Other Capital10,915,496
338
Other Operating41,324,428
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