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

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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			2009	2008	2007	2006	2005	2004
	Revenues by Source
		Property Tax	$14,879,906	12,244,853	11,556,425	10,955,441	10,471,027	9,901,059
		Utility	36,923,797	38,333,933	39,098,128	32,221,644	27,561,185	26,620,096
		Sales Tax	5,099,936	5,704,460	5,397,563	4,898,017	4,421,506	4,038,202
		Sales & Services	2,827,805	2,773,583	2,608,183	2,488,074	2,253,927	2,234,583
		Intergovernmental	2,995,202	3,440,143	2,669,234	2,662,170	4,015,976	2,296,950
		Debt Proceeds	22,683,293	-	1,159,825	7,580,000	-	-
		Other Miscellaneous	3,215,160	5,306,008	5,499,795	4,578,934	2,924,065	2,269,717
		Total	$88,625,099	67,802,980	67,989,153	65,384,280	51,647,686	47,360,607

	Expenditures by Function
		Utility	$36,272,869	34,983,545	31,677,138	33,615,123	25,922,460	20,687,426
		Debt Service	2,874,784	1,947,556	1,954,979	1,551,817	1,901,243	1,966,120
		Transportation	3,377,126	7,601,781	4,018,438	1,910,945	2,351,359	1,460,460
		General Government	4,477,326	4,382,001	4,917,305	4,835,867	3,294,524	3,242,922
		Public Safety	16,975,649	11,166,258	10,601,243	9,851,605	7,991,976	6,297,573
		Other	8,825,958	8,582,831	7,088,361	9,681,183	7,540,004	5,155,403
		Total	$72,803,712	68,663,972	60,257,464	61,446,540	49,001,566	38,809,904

	Expenditures by Object
		Salaries & Wages	$20,380,199	18,259,891	16,430,883	14,538,103	12,718,329	11,809,238
		Capital Outlay	15,578,959	17,685,981	14,432,959	19,145,670	11,873,465	4,088,986
		Other Operating + Debt Service	36,844,554	32,718,100	29,393,622	27,762,767	24,409,772	22,911,680
		Total	$72,803,712	68,663,972	60,257,464	61,446,540	49,001,566	38,809,904


	Per Capita Revenues by Source
		Property Tax	$476	408	400	403	403	400
		Utility	1,182	1,279	1,354	1,184	1,062	1,075
		Sales Tax	163	189	189	180	170	162
		Sales & Services	90	93	90	91	87	90
		Intergovernmental	96	115	92	98	155	93
		Debt Proceeds	726	-	40	279	-	-
		Other Miscellaneous	103	177	190	168	113	92
		Total	$2,836	2,261	2,355	2,403	1,990	1,912

	Per Capita Expenditures by Function
		Utility	$1,161	1,167	1,097	1,235	999	835
		Debt Service	92	65	68	57	73	79
		Transportation	108	254	139	70	91	59
		General Government	144	146	171	178	126	132
		Public Safety	543	372	367	362	308	254
		Other	282	286	245	356	291	208
		Total	$2,330	2,290	2,087	2,258	1,888	1,567

	Per Capita Expenditures by Object
		Salaries & Wages	$652	609	569	534	490	477
		Capital Outlay	499	590	500	703	458	165
		Other Operating	1,179	1,091	1,018	1,021	940	925
		Total	$2,330	2,290	2,087	2,258	1,888	1,567

	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	22	22	22	22	22	22
		Average Population In Group	20,622	22,003	21,233	20,452	19,944	19,612
		Town of Apex Population	31,250	29,983	28,876	27,215	25,951	24,764
	Group Average Per Capita Revenues by Source
		Property Tax	401	365	353	344	334	321
		Utility	1,742	1,897	1,836	1,894	1,821	1,793
		Sales Tax	143	155	155	150	146	137
		Sales & Services	111	110	104	97	90	88
		Intergovernmental	193	172	183	211	242	181
		Debt Proceeds	317	276	201	125	105	123
		Other Miscellaneous	127	150	178	155	142	117
		Total	3,034	3,125	3,010	2,976	2,880	2,760

	Group Average Per Capita Expenditures by Function
		Utility	1,815	1,907	1,817	1,915	1,864	1,781
		Debt Service	166	147	136	192	151	143
		Transportation	121	120	116	119	123	122
		General Government	185	158	134	135	131	117
		Public Safety	412	393	374	363	348	334
		Other	339	356	290	269	278	272
		Total	3,038	3,081	2,867	2,993	2,895	2,769

	Group Average Per Capita Expenditures by Object
		Salaries & Wages	628	623	586	561	551	531
		Capital Outlay	441	429	329	352	387	314
		Other Operating	1,969	2,029	1,952	2,080	1,957	1,924
		Total	3,038	3,081	2,867	2,993	2,895	2,769


General Fund Go to top of page			2009	2008	2007	2006	2005	2004
	General Fund revenues		$27,224,099	25,533,939	24,392,951	22,755,231	22,410,137	19,564,626
	General Fund expenditures		26,952,418	24,938,941	22,709,908	20,689,468	20,419,542	16,648,688
	Operating transfers in		250,000	-	-	-	454,000	-
	Operating transfers out		-	409,000	3,768,487	1,309,407	746,575	500,000
	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		3,508,718	185,998	(2,085,444)	836,356	1,698,020	2,415,938

	Fund balance available (FBA):
		In dollars	$15,663,806	12,157,520	10,986,660	14,109,166	13,183,145	11,905,866
		FBA as a % of GF Net Expenditures:
		Unit's FBA %	65.36	47.96	41.49	64.37	62.28	69.43
		Group weighted average FBA %	39.96	38.75	37.01	40.17	41.78	41.23
		State weighted average Electric Group	34.57	35.41	33.99	35.62	36.67	36.12
		State weighted average FBA %	37.00	36.34	36.55	36.96	36.78	36.35


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

	Combined financial results:
		Working capital	$46,615,579	46,118,792	41,487,929	32,367,475	33,001,702	31,435,043
		Quick ratio	10.89	10.37	11.74	9.33	9.86	12.10
		Net income	4,864,247	11,055,386	16,922,415	9,516,977	8,351,678	5,726,776
		Cashflow from operations	5,658,425	12,122,398	14,147,153	8,838,827	8,709,362	8,000,226
		Depreciation & Amortization Expense	5,356,984	5,160,550	5,096,655	4,477,202	4,108,691	4,004,643



Cash, Investments and Financing Go to top of page			2009	2008	2007	2006	2005	2004

		Population at July 1st of the Previous Year	31,250	29,983	28,876	27,215	25,951	24,764
		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	$58,324,862	60,390,168	59,090,702	49,218,470	49,579,171	46,168,910
		Investment Earnings	1,314,676	2,870,158	2,878,813	1,926,650	1,053,862	403,314
		Tax Rate Equivalent	0.0312	0.0987	0.1042	0.0738	0.0436	0.0173
		Tax Rate Equivalent Group weighted average	0.0304	0.0707	0.0793	0.0520	0.0389	0.0164
		Tax Rate Equivalent Statewide weighted average	0.0133	0.0524	0.0920	0.0573	0.0415	0.0340
		Latest year of Revaluation		2000	2000	2000	2000	2000
		January 1, Prior Year Assessed Valuation	$4,208,956,027	2,908,913,019	2,762,675,144	2,611,680,942	2,418,443,154	2,324,817,944
		Tax Rate	0.3400	0.4000	0.4000	0.4000	0.4000	0.4000
		Tax Rate Group weighted average	0.4411	0.4498	0.4454	0.4425	0.4388	0.4540
		Tax Rate State Wide	0.4267	0.4243	0.4452	0.4321	0.4448	0.4566
		Assessment -to-Sales Ratio	99.91	81.32	84.47	89.16	90.93	91.80
		Assessment -to-Sales Ratio Group weighted average	88.67	87.55	90.13	92.19	94.05	93.71
		Assessment -to-Sales Ratio Statewide	90.81	88.52	88.41	92.28	92.35	92.18
		Assessed Valuation Adjusted for Assesment to Sales Ratio	$4,212,747,500	3,577,118,813	3,270,599,200	2,929,206,978	2,659,675,744	2,532,481,420
		EffectiveTax Rate	0.3397	0.3253	0.3379	0.3566	0.3637	0.3672
		Group weighted average Effective Tax Rate	0.3911	0.3938	0.4015	0.4080	0.4127	0.4254
		Statewide weighted average Effective Tax Rate	0.3875	0.3756	0.3936	0.3987	0.4108	0.4209
		Percent Collected	98.95	98.58	98.62	98.79	98.88	98.70
		Percent Collected Group weighted average	96.95	96.79	96.51	96.74	97.03	96.47
		Percent Collected Statewide	97.78	97.64	97.59	97.55	97.42	97.31
		Percent Collected Excluding Motor Vehicles	99.52	99.46	99.51	99.68	99.68	99.45
		Percent Collected Excluding Motor Vehicles Group weighted average	97.57	98.03	97.73	98.00	98.16	97.83
		Percent Collected Excluding Motor Vehicles Statewide weighted average	98.31	98.65	98.59	98.61	98.36	98.39
		Percent Collected Motor Vehicles Only	92.28	91.45	91.65	91.77	92.56	92.65
		Percent Collected Motor Vehicles Only Group weighted average	84.72	83.94	84.21	85.28	86.42	85.54
		Percent Collected Motor Vehicles Only Statewide weighted average	86.66	86.74	86.71	86.80	87.31	87.46
		Tax Uncollected	87,436	166,117	151,878	127,055	111,700	122,691
		Tax Rate Equivalent	0.0021	0.0057	0.0055	0.0049	0.0046	0.0053
		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	10,000 to 24,999
		Ratings:
		Fitch
		Moody's	Aa3	Aa3	Aa3	Aa3	Aa3	Aa3
		S & P	AAA	AA	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	$1,175,000	1,790,000	2,435,000	3,100,000	3,795,000	4,515,000
		General Government GO Debt	18,370,000	12,600,000	10,775,000	11,450,000	4,300,000	4,650,000
		Total General Obligation Debt	19,545,000	14,390,000	13,210,000	14,550,000	8,095,000	9,165,000
		Per Capita	$625	480	457	535	312	370
		Total Per Capita for the Population Group	221	247	243	283	320	219
		Total Per Capita Statewide	455	456	478	495	505	548
		Total per Assessed Valuation Adjusted for Current Year Sales	0.4639%	0.4023%	0.4039%	0.4967%	0.3044%	0.3619%
		Total per Assessed Valuation Adjusted for Current Year Sales- Group Average	0.2012%	0.2539%	0.2706%	0.3405%	0.4122%	0.2755%
		Total per Assessed Valuation Adjusted for Current Year Sales - Statewide	0.3909%	0.4131%	0.4706%	0.5275%	0.5588%	0.6442%
		Total Authorized but not Issued General Obligation Debt	$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	8,645,000	0	0	0	0	0
		Total*	$8,645,000	0	0	0	0	0
		* The total only includes the contracts that require Local Government Commission approval.
		Revenue Bond Debt	$7,300,000	0	0	0	0	0


Annual Financial Information Report Detail Go to top of page
Line	Section	Description	2009	2008	2007	2006	2005	2004
	Population at July 1st of the Previous Year Adjusted for Boundry Changes		31,250	29,983	28,876	27,215	25,951	24,764

1A	Non GASB34	General Fund Assets
1B	FISCAL	General Fund Liabilities
2A	SUMMARY	Debt-service Assets
2B		Debt service Liabilities
3A		Enterprise Assets
3B		Enterprise Liabilities
4A		Internal Service Assets
4B		Internal service Liabilities
5A		Special Revenue Assets
1.5A	GASB34	Governmental Activities Assets	189,642,972	167,903,510	160,093,553	149,464,226	136,456,146	130,883,404
1.5B	FISCAL	Governmental Activities Liabilities	34,513,979	15,436,104	13,704,739	13,796,809	6,216,172	6,574,921
3.5A	SUMMARY	Business Type Activities Assets	163,063,244	151,772,143	140,303,667	122,882,596	113,827,611	105,269,327
3.5B		Business Type Activities Liabilties	13,592,071	7,165,217	6,752,127	6,253,471	6,715,464	6,508,858
6.5A		Fiduciary Funds Assets	406,414	387,168	342,053	295,005	259,217	232,583
6.5B		Fiduciary Funds Liabilties
5B		Special Revenue Liabilities
6A		Trust & Agency Assets
6B		Trust & Agency Liabilities
7A		Capital Project Assets
7B		Capital Project Liabilities
8A		General Fixed Assets
9B		General Long term debt - Liabilities
10	PART 2	Current collections of unit-wide levy	14,729,155	12,090,741	11,405,623	10,828,864	10,334,639	9,750,766
11	TAX	Current collection of special tax districts
12	REVENUES	Prior years' levy collections	117,858	124,665	121,667	102,464	112,340	122,864
13		Penalties and interest	32,893	29,447	29,135	24,113	24,048	27,429
14		Collection of taxes previously written off
15		Animal tax			22	58	86	72
15.1		Solid Waste Disposal Tax
16		1% Local government sales and use tax	2,498,969	2,694,787	2,555,136	2,391,520	2,254,968	2,037,307
17		1/2% Local government sales and use taxes (Article 40)	936,348	983,449	928,509	801,274	667,647	630,089
18		1/2% Local government sales and use taxes (Article 42)	923,598	973,181	916,880	791,868	658,804	619,123
18.5		1/2% Local government sales and use taxes (Article 44)	741,021	1,053,043	997,038	913,355	840,087	751,683
19		Licenses Privilege
19.1		Privilege - Occupational & business licensing & permit taxes
19.2		Privilege -- All other privileges and pemits
20		General Municipal Vehicle Tax	133,842	129,565	125,878	119,964	111,363	109,737
21		Vehicle Tax for Public Transportation
22		Other licenses - Include CATV	43,804	71,153	178,027	351,169	243,397	196,511
23		Local occupancy tax
24		Prepared food tax
25		911 charges
26		Gross Receipts Tax on Short Term Vehicles Leases	35,625	36,471	35,600	31,393	20,281	18,547
27	FEDERAL	FEDERAL Payment in lieu of taxes
28	INTERGOV	Equitable sharing of Federally forfeited property
29	REVENUES	General government
30		Public safety	60,068	61,875	65,043			59,426
31		Transportation - Streets
32		Transportation - All other
33		Utility franchise tax					124,762	111,785
34		Housing/community development
35		All Other					2,733	7,125
36		Human services: Health, mental health, hospitals
37		All other
38		Culture and recreation		295,167	144,336
39	STATE	State Payment in Lieu of Taxes
40	INTERGOV	Controlled substance tax
41	REVENUES	Intangibles tax reimbursement + Transistional Hold Harmless Revenues
42		Wireless Enhanced 911 Service Charges
43		Piped Natural Gas Charge Distribution
44		Utility franchise tax	1,753,187	1,525,954	1,296,485	1,061,803	961,353	967,002
45		Beer and Wine tax	134,653	133,014	122,979	114,624	109,613	101,386
46		Powell Bill	865,153	935,421	792,726	775,332	749,650	657,376
47		Food stamp purchases tax reimbursement
48		Inventories tax reimbursements
49		Senior Citizens Exemption - 50%
50		Court fees - Facilities and arrest fees	21,683	20,435	10,206	10,206	7,485	8,735
51		General Government
52		Public safety		25,959
53		Transportation - Streets
54		Transportation - All other		297,500		312,289		30,000
55		Environmental protection
56		Econ. & Phys. Dev. - Housing/Comm. Dev.
57		Econ. & Phys. Dev. - All Other
58		Human Services: Health, mental health, hospitals
59		All Other
60		Culture and recreation	72,304			50,000	775,159	41,408
61	LOCAL	LOCAL Payment in lieu of taxes	1,671	1,010	1,537	2,898	982	659
62	INTERGOV	General government
63	REVENUES	Public safety	78,589	137,706	39,688	52,932	57,402	77,719
64		Transportatin - Streets					287,609	12,391
65		Transportation - All other
66		Environmental protection
67		Economic and physical development
68		Human Services: Health, Mental Health & Hosp
69		Human Services: All Other
70		Culture and recreation	7,894	6,102	196,234	282,086	939,228	221,938
71	PERMITS	Building permits	553,018	911,313	928,605	1,047,324	761,631	812,599
72	& FEES	Inspection fees
72.1		Amusements licensing and permit taxes
73		Other permits	98,847	133,011	199,098	79,155	143,996	58,157
74	SALES &	Parking revenues
75	SERVICES	Rents and royalties
76		Airport
77		Fire protection charges
78		Solid waste	2,261,945	2,073,277	1,945,548	1,742,823	1,706,812	1,655,848
79		Ambulance and rescue squad charges
80		Cemeteries
81		Recreation service revenues	498,523	461,374	444,710	400,604	440,618	422,653
82		Library service revenues
83		Other cultural and recreational service revenues	66,149	238,542	217,551	341,654	105,923	155,860
84		Mass transit - city operated
85		Other sales and services	1,188	390	374	2,993	574	222
86	UTILITY	Water and sewer charges	10,184,392	13,560,857	16,395,123	11,367,280	10,275,566	10,150,424
87	REVENUES	Electric charges	26,739,405	24,773,076	22,703,005	20,854,364	17,285,619	16,469,672
88		Gas charges
88.1		Storm Water Fees
89	MISC.	On bond proceeds	149,387			257,441
90	REVENUES	On general and all other funds	1,314,676	2,870,158	2,878,813	1,926,650	1,053,862	403,314
91		Special assessments
92		Private contribution and donations	135,474	41,017	8,679	13,054	40,245	28,001
93		Sales of materials and fixed assets	33,501	102,532	80,899	76,894	34,213	8,290
94		Sales of real property
95		Nongovernment contributions for streets and traffic signals	416,552	813,518	729,421	138,343	356,201	190,100
96		Mixed drink surcharge
97		ABC profit distribution	99,575	108,734	86,916	74,438	63,501	44,669
98		Other miscellaneous revenues	200,859	88,536	247,837	154,716	75,548	399,720
99		Proceeds of the sale of bonds and notes	13,658,064			7,500,000
100		Proceeds of capital leases and installment purchases	9,025,229		1,159,825	80,000
101		Other				308,335	19,741
102	NON-REV	Supplemental schools taxes - current levy collections
103	RECEIPTS	Prior years' levy collections
104		Tax collections for units other than reporting unit
105		Utilities customers' deposits	33,847	13,601	40,481	32,401
106		Deposits other than utility
107		Prepaid taxes	18,912	2,097	2,033	1,214
108		Prepaid privilege licenses
109A	PART 4	Governing body - Salaries	45,767	44,571	43,320	40,051	40,792	40,361
109B	GENERAL	Governing body - All other Direct	197,789	236,421	187,424	193,230	184,677	87,541
109C	GOVT	Governing body - Construction
109D		Governing body - Land, Equipment and Existing Structures
110A		Administration - Salaries	1,283,415	1,158,574	1,086,096	991,770	870,355	952,392
110B		Administration - All other Direct	1,041,466	1,023,447	822,217	869,289	749,662	651,431
110C		Administration - Construction
110D		Administration - Land, Equipment and Existing Structures	113,292	169,664	524,752	77,898	50,696	65,434
111A		Elections (cost of) - Salaries
111B		Elections (cost of) - All other Direct
111C		Elections (cost of) - Construction
111D		Elections (cost of) - Land, Equipment and Existing Structures
112A		Finance - Salaries	359,911	337,514	324,315	293,085	256,954	241,753
112B		Finance - All other Direct	285,513	267,624	240,762	240,002	261,460	384,301
112C		Finance - Construction
112D		Finance - Land, Equipment. and Existing Structures	12,124		18,500		6,830
113A		Taxes - Salaries
113B		Taxes - All other Direct
113C		Taxes - Construction
113D		Taxes - Land, Equipment, and Existing Structures
114A		Legal - Salaries
114B		Legal - All other Direct
114C		Legal - Construction
114D		Legal - Land, Equipment, and Existing Structures
115A		Public Buildings - Salaries	224,944	213,261	196,875	186,693	174,266
115B		Public Buildings - All other Direct	414,383	411,790	398,019	333,253	329,644	250,695
115C		Public Buildings - Construction			19,860	1,094,799
115D		Public Buildings - Land, Equipment, and Existing Structures	28,977	55,931	28,968	58,067
116A		Court Facilities - Salaries
116B		Court Facilities - All other Direct
116C		Court Facilities - Construction
116D		Court Facilities - Land, Equipment, and Existing Structures
117A		Central Facilites - Salaries	182,871	173,558	153,449	126,962	120,390	291,059
117B		Central Facilities - All other Direct	47,790	81,549	57,401	75,611	45,025	59,820
117C		Central Facilites - Construction
117D		Central Facilites - Land, Equipment, and Existing Structures	41,415	18,326	56,902	52,213	33,800
118A		General Government All Other - Salaries	126,366	120,334	113,416	110,379	100,778	152,035
118B		General Government All Other - All other Direct	71,303	69,437	67,159	82,751	69,195	66,100
118C		General Government All Other - Construction
118D		General Government All Other - Land, Equipment, and Existing Structures			577,870	9,814
119A	PUBLIC	Police and Communications - Salaries	4,867,470	4,305,761	4,020,123	3,466,758	3,003,802	2,690,896
119B	SAFETY	Police and Communications - All other Direct	1,103,550	882,662	963,428	775,777	607,100	414,300
119C		Police and Communications - Construction	2,834,909	364,698	189,452
119D		Police and Communications - Land, Equipment and Existing Structures	140,095	206,938	294,038	486,745	403,595	119,463
120A		Emergency Communications - Salaries
120B		Emergency Communications - All other Direct
120C		Emergency Communications - Construction
120D		Emergency Communications - Land, Equipment and Existing Structures
121A		Emergency Management - Salaries
121B		Emergency Management - All other Direct	15,668	14,046	15,576
121C		Emergency Managment - Construction
121D		Emergency Management - Land, Equipment, and Existing Structures
122A		Fire - Salaries	2,866,382	2,405,708	2,183,813	1,727,117	1,369,646	1,210,066
122B		Fire - All other Direct	504,014	548,064	515,165	468,857	526,586	467,987
122C		Fire - Construction	2,483,205	120,848	52,625
122D		Fire - Land, Equipment, and Existing Structures	34,456	158,524	418,428	1,162,068	508,209
123A		Inspectors - Salaries	1,719,450	1,712,181	1,523,174	1,385,152	1,203,242	1,119,158
123B		Inspectors - All other Direct	98,206	105,485	99,888	94,331	94,332	43,980
123C		Inspectors - Construction
123D		Inspectors - Land, Equipment, and Existing Structures	35,849	48,761	41,769	45,642	27,780
124A		Rescue Units - Salaries
124B		Rescue Units - All other Direct	60,000	80,000	80,000	60,000	80,000	80,000
124C		Rescue Units - Construction
124D		Rescue Units - Land, Equipment, and Existing Structures
125A		Animal Control - Salaries
125B		Animal Control - All other Direct
125C		Animal Control - Construction
125D		Animal Control - Land, Equipment, and Existing Structures
126A		Public Safety All Other - Salaries
126B		Public Safety All Other - All other Direct					12,512	13,022
126C		Public Safety All Other - Construction
126D		Public Safety All Other - Land, Equipment, and Existing Structures
127A	TRANSPOR	Traffic Engineering - Salaries
127B	TATION	Traffic Engineering - All other Direct
127C		Traffic Engineering - Construction
127D		Traffic Engineering - Land, Equipment, and Existing Structures
128A		Streets and Highways - Salaries	372,131	318,072	272,910	246,064	348,394	305,974
128B		Streets and Highways - All other Direct	1,066,595	1,435,387	435,899	760,370	497,578	664,326
128C		Streets and Highways - Construction	1,872,677	5,595,064	3,124,668	777,560	1,289,937	483,449
128D		Streets and Highways - Land, Equipment and Existing Structures	65,723	253,258	184,961	126,951	215,450	6,711
129A		Street Cleaning - Salaries
129B		Street Cleaning - All other Direct
129C		Street Cleaning - Construction
129D		Street Cleaning - Land, Equipment, and Existing Structures
130A		State Street Aid Allocation - Powell Bill - Salries
130B		State Street Aid Allocation - Powell Bill - All other Direct
130C		State Street Aid Allocation - Powell Bill - Construction
130D		State Street Aid Allocation - Powell Bill - Land, Equipment, and Existing Structures
131A		Parking Facilities - Salaries
131B		Parking Facilities - All other Direct
131C		Parking Facilities - Construction
131D		Parking Facilites - Land, Equipment, and Existing Structures
132A		Mass Transit - City - Salaries
132B		Mass Transit - City - All other Direct
132C		Mass Transit - City - Construction
132D		Mass Transit - City - Land, Equipment, and Existing Structures
133B		Mass Transit - Private - All other Direct only
134A		Airport - Salaries
134B		Airport - All other Direct
134C		Airport - Construction
134D		Airport - Land, Equipment, and Existing Structures
135A		Transportation - All Other - Salaries
135B		Transportation - All Other - All other Direct
135C		Transportation - All Other - Construction
135D		Transportation - All Other - Land, Equipment, and Existing Structures
136A	ENVIRON	Solid Waste - Salaries	844,023	805,372	680,796	592,073	569,356	523,637
136B	MENTAL	Solid Waste - All other Direct	2,010,545	1,979,383	1,829,511	1,721,501	1,621,198	1,622,008
136C	PROTECTION	Solid Waste - Construction
136D		Solid Waste - Land, Equipment, and Existing Structures	170,182	98,735	144,029	103,571	85,156	47,069
137A		Drainage and Watershed - Salaries
137B		Drainage and Watershed - All other Direct
137C		Drainage and Watershed - Construction
137D		Drainage and Watershed - Land, Equipment, and Existing Structures
138A		Cemeteries - Salaries
138B		Cemeteries - All other Direct	19,314	21,648	21,247	22,496	21,654	21,154
138C		Cemeteries - Construction
138D		Cemeteries - Land, Equipment, and Existing Structures
139A		Environmental Protection - All Other - Salaries
139B		Environmental Protection - All Other - All other Direct
139C		Environmental Protection - All Other - Construction
139D		Environmental Protection All Other - Land, Equipment, and Existing Structures
140A	ECONOMIC	Planning and Zoning - Salaries	868,907	791,052	757,698	685,143	617,726	570,884
140B	& PHYSICAL	Planning and Zoning - All other Direct	168,466	239,566	118,760	147,301	148,597	263,267
140C	DEVELOP	Planning and Zoning - Construction
140D		Planning and Zoning - Land, Equipment, and Existing Structures		128,859	41,897		32,570
141A		Economic Development - Salaries
141B		Economic Development - All other Direct	135,045	114,716	64,308	63,730	57,482	55,890
141C		Economic Development - Construction
141D		Economic Development - Land, Equipment, and Existing Structures
142A		Community Development - Salaries
142B		Community Development - All other Direct
142C		Community Development - Construction
142D		Community Development - Land, Equipment, and Existing Structures
143A		Housing and Urban Renewal - Salaries
143B		Housing and Urban Renewal - All other Direct
143C		Housing and Urban Renewal - Construction
143D		Housing and Urban Renewal - Land, Equipment, and Existing Structures
144A		Special Employment Programs (JTPA) - Salaries
144B		Special Employment Programs (JTPA) - All other Direct
144C		Special Employment Programs (JTPA) - Construction
144D		Special Employment Programs (JTPA) - Land, Equipment, and Existing Structures
145A		Economic and Physical Development - All Other - Salaries [A]
145B		Economic and Physical Development - All Other - All other Direct
145C		Economic and Physical Development - All Other - Construction
145D		Economic and Physical Development - All Other - Land, Equipment, and Existing Structures
146A	HUMAN	Health - Salaries
146B	SERVICES	Health - All other Direct
146C		Health - Construction
146D		Health - Land, Equipment, and Existing Structures
147A		Mental Health - Salaries
147B		Mental Health - All other Direct
147C		Mental Health - Construction
147D		Mental Health - Land, Equipment, and Existing Structures
148A		Social Services - Salaries
148B		Social Services - All other Direct
148C		Social Services - Construction
148D		Social Services - Land, Equipment, and Existing Structures
149B		Subsidies Paid: Hospitals - City Owned - All other Direct
150B		Subsidies Paid: Hospitals - Private Owned - All other Direct
151A		Other Human Services: Legal Aid - Salaries
151B		Other Human Services: Legal Aid - All other Direct
151C		Other Human Services: Legal Aid - Construction
151D		Other Human Services: Legal Aid - Land, Equipment, and Existing Structures
152A		Human Services - All Other - Salaries
152B		Human Services - All Other - All other Direct
152C		Human Services - All Other - Construction
152D		Human Services - All Other - Land, Equipment, and Existing Structures
153A	CULTURE	Recreation and Parks - Salaries	1,390,111	1,229,310	1,025,850	930,653	870,947	808,338
153B	RECREATION	Recreation and Parks - All other Direct	1,210,707	1,109,719	903,989	849,485	800,610	859,956
153C		Recreation and Parks - Construction	1,603,203	1,868,920	1,457,753	4,488,487	547,249	121,634
153D		Recreation and Parks - Land, Equipment, and Existing Structures	405,455	195,551	42,523	76,743	2,167,459	261,566
154A		Coliseum - Salaries
154B		Coliseum - All other Direct
154C		Coliseum - Construction
154D		Coliseum - Land, Equipment, and Existing Structures
155A		Museums - Salaries
155B		Museums - All other Direct
155C		Museums - Construction
155D		Museums - Land, Equipment, and Existing Structures
156A		Libraries - Salaries
156B		Libraries - All other Direct
156C		Libraries - Construction
156D		Libraries - Land, Equipment, and Existing Structures
157A		Culture and Recreation - All Other - Salaries
157B		Human Services - All Other - All other Direct
157C		Human Services - All Other - Construction
157D		Human Services - All Other - Land, Equipment, and Existing Structures
158A	UTILITY	Water and Sewer - Salaries	2,759,673	2,412,730	2,109,929	2,003,726	1,685,409	1,485,785
158B		Water and Sewer - All other Direct	3,857,787	2,891,528	2,619,476	2,384,027	2,254,168	1,994,805
158C		Water and Sewer - Construction	1,946,051	5,484,921	3,434,449	3,944,702	1,216,506
158D		Water and Sewer - Land, Equipment, and Existing Structures	1,899,284	752,535	841,408		1,344,122	1,604,552
159A		Electric Power - Salaries	2,468,778	2,231,893	1,939,119	1,752,477	1,486,272	1,416,900
159B		Electric Power - All other Direct	21,449,234	19,045,490	17,794,650	16,889,781	13,991,877	12,806,276
159C		Electric Power - Construction	1,782,086	2,164,448	2,938,107	6,640,410	3,844,229
159D		Electric Power - Land, Equipment, and Existing Structures	109,976				99,877	1,379,108
160A		Natural Gas - Salries
160B		Natural Gas - All other Direct
160C		Natural Gas - Construction
160D		Natural Gas - Land, Equipment and Existing Structures
160.1A		Storm water salaries
160.1B		Storm water other operating
160.1C		Storm water contruction
160.1C		Storm water land, equipment and existing structures
161B	DEBT	Water and Sewer - Debt Service Interest Payments	66,614	83,436	67,740	80,640	94,040	72,495
161D	SERVICE	Water and Sewer - Debt Service Principal Payments	672,700	708,520	620,000	645,000	670,000	735,000
162B		Electric - Debt Service Interest Payments			2,588	5,463	8,338	11,213
162D		Electric - Debt Service Principal Payments			45,000	50,000	50,000	50,000
163B		Gas - Debt Service Interest Payments
163D		Gas - Debt Service Principal Payments
164B		School - Debt Service Interest Payments
164D		School - Debt Service Principal Payments
165B		Hospital - Debt Service Interest Payments
165D		Hospital - Debt Service Principal Payments
166B		All Other - Debt Service Interest Payments	860,470	460,600	498,155	395,676	265,216	307,333
166D		All Other - Debt Service Principal Payments	1,275,000	695,000	721,496	375,038	813,649	790,079
167B	PENSION	Direct Benefit Program - Pension Fund operated by the Unit
168B	FRINGE	Fringe Benefits Unallocated - (B)
169B		Separation Allowance - Law Enforcement Officers -(B)	51,388	69,642	69,997	64,055	59,024	51,440
170B		Separation Allowance - Other Employees - (B)
171B		Supplemental Retirement Income Plan for Law Enforcement Officers - (B)	161,007	142,940	133,767	115,103	96,148	87,261
172B		Fringe Benefits Other - (B)
173A		Multi-County Library District, County, or Other Municipality Authority
173B	INTERGOV	Multi-County Library District, County, or Other Municipality (Item number)
173C	EXPEND	Multi-County Library District, County, or Other Municipality (Amount)
174A		General Governmental Actitivies shared with the County (County)
174B		General Governmental Actitivies shared with the County (Item number)
174C		General Governmental Actitivies shared with the County (Amount)
175A		Highways (Payments to State) (State)
175B		Highways (Payments to State) (Item number)
175C		Highways (Payments to State) (Amount)
176A		Others - Name of Payee #1
176B		Others - 1 (B)
176C		Others - 1 (C)
177A		Others - Name of Payee #2
177B		Others - 2 (B)
177C		Others - 2 (C)
178A		Others - Name of Payee #3
178B		Others - 3 (B)
178C		Others - 3 (C)
179	PART 6	Current Year Levy Excluding Motor Vehicles	13,114,274	10,421,737	9,779,713	9,277,319	8,882,367	8,388,482
180	OTHER	Current Year Levy Motor Vehicles Only	1,131,974	1,280,360	1,244,209	1,181,619	1,116,344	1,041,693
181	DATA	Uncollected Taxes - Current Year's Levy - Excluding Motor Vehicles	62,329	56,691	47,997	29,773	28,600	46,086
182		Uncollected Taxes - Current Year's Levy - Motor Vehicles	87,337	109,426	103,881	97,282	83,100	76,605
183		Percentage of Taxes Collected - Current Year All Property	98.95	98.58	98.62	98.79	98.88	98.70
184		Percentage of Taxes Collected - Current Year - Excluding Motor Vehicles	99.52	99.46	99.51	99.68	99.68	99.45
185		Percentage of Taxes Collected - Current Year - Motor Vehicles	92.28	91.45	91.65	91.77	92.56	92.65
186		Total Amount of Expenditures for Salaries and Wages to Unit's Own Personnal
187A		Capital Reserve or Available Funds - Schools - July 1, Previous Year
187B		Capital Reserve or Available Funds - Schools - June 30, Current Year
188A		Capital Reserve or Available Funds - Hospitals - July 1, Previous Year
188B		Capital Reserve or Available Funds - Hospitals - June 30, Current Year
189A	PART 7	Cash on Hand and in Bank, and Securities - Held in Debt Service Fund
189B	CASH &	Cash on Hand and in Bank, and Securities - Construction Bond Fund - Unexpended bond proceeds	21,641,773	2,501,295	18,501,155	4,132,367
189C	INVEST	Cash on Hand and in Bank, and Securities - All Other	58,324,862	60,390,168	59,090,702	49,218,470	49,579,171	46,168,910
190A	PART	Appropriations made during the fiscal year pursuant to subsections b (1- 7)
190B	8	Expenditures made during the fiscal year pursuant to subsections b (1- 7)
191		Investment in Property Acquired at any time under G.S. 158
192		Amount Expended during the fiscal year pursuant to subsections b (5) and b (7)
193		Amount of Tax Revenues taken into account under G.S.
194A	PART 9	Amounts - Total Revenues and other financing sources per audit	89,004,805	68,662,950	74,764,155	67,301,424	53,807,711	48,671,522
194B	FISCAL	Amounts - Subtract proceeds of refunding debt
194C	SUMMARY	Amounts - Subtract interfund transfers in	379,706	859,970	6,775,002	1,917,144	2,160,025	1,310,915
194D		Amounts - Net Revenues per AFIR	88,625,099	67,802,980	67,989,153	65,384,280	51,647,686	47,360,607
		Calculated amount	88,625,099	67,802,980	67,989,153	65,384,280	51,647,686	47,360,607
		Amounts in AGREEMENT??	Yes	Yes	Yes	Yes	Yes	Yes
		Difference
195A		Amounts - Total Expenditures and other financing sources per audit	73,183,418	69,523,942	67,032,466	63,363,684	51,161,591	40,120,819
195B		Amounts - Subtract payments to refunding debt escrow agent
195C		Amounts - Subtract interfund transfers out	379,706	859,970	6,775,002	1,917,144	2,160,025	1,310,915
195D		Amounts Net Expenditures per AFIR	72,803,712	68,663,972	60,257,464	61,446,540	49,001,566	38,809,904
		Calculated amount	72,803,712	68,663,972	60,257,464	61,446,540	49,001,566	38,809,904
		Amounts in AGREEMENT??	Yes	Yes	Yes	Yes	Yes	Yes
		Difference

	PART 10

950		Name of Official Signatory	Lee Smiley
951		Title of Official	Finance Director
952		Date Certified	11/30/2009	11/07/2008	11/30/2007
953		Person to Contact	Suzanne Parmentier
954		Title of Person to Contact	Accounting & Budget Analyst
955		Telephone Number	919-249-3385
956		Facsimile Number	919-249-3329

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

	2009	2008	2007	2006	2005	2004

Population	31,250	29,983	28,876	27,215	25,951	24,764
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	$0	0	0	0	0	0
Total Operating Revenues Per Capita	$0	0	0	0	0	0
Group Weighted Average Revenues Per Capita	25	21	30	0	30	8
State Weighted Average Revenues Per Capita	2	20	12	15	16	3

% to Total Operating Revenues
Operating Expenses	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Group Weighted Average	138.07%	139.55%	78.12%	#DIV/0!	82.05%	82.44%
State Weighted Average	287.00%	89.94%	84.21%	104.54%	119.75%	338.51%

Operating Margin	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Group Weighted Average	-38.07%	-39.55%	21.88%	#DIV/0!	17.95%	17.56%
State Weighted Average	-187.00%	10.06%	15.79%	-4.54%	-19.75%	-238.51%

Operating Transfers In/(out)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Group Weighted Average	0.00%	-1.39%	-0.35%	#DIV/0!	0.00%	0.94%
State Weighted Average	0.00%	-0.70%	-0.66%	-1.84%	-2.09%	5.70%

Net Income before capital contributions	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Group Weighted Average	157.72%	321.69%	416.62%	#DIV/0!	297.41%	583.90%
State Weighted Average	968.20%	480.53%	1193.75%	778.98%	531.01%	2097.68%

Key Ratios and Cash Flow

Quick Ratio	31.05	22.23	30.10	24.04	22.26	23.69
Group Weighted Average	3.31	3.28	3.43	3.14	2.98	2.83
State Weighted Average	2.81	2.96	2.90	2.82	1.82	2.76

Days Sales in Receivables	N/A	N/A	N/A	N/A	N/A	N/A
Group Weighted Average	144.7	34.2	26.5	#DIV/0!	50.4	17.6
State Weighted Average	47.3	60.7	42.6	87.6	97.7	61.5

Days Cash on Hand	0.0	0.0	0.0	0.0	0.0	0.0
Group Weighted Average	-31.7	-131.7	-160.2	-18.5	-161.2	-100.9
State Weighted Average	-46.5	-344.5	-221.9	-343.5	-346.7	-208.8

Cash flow from Operations	$3,147,761	9,000,414	11,320,575	6,972,188	6,549,240	5,980,136

Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.00
Group Weighted Average	1.62	0.20	0.39	#DIV/0!	1.20	2.25
State Weighted Average	27.79	3.77	5.74	3.82	2.36	3.93

Debt per Capita	67	96	0	0	0	0
Group Weighted Average	312	91	271	435	574	142
State Weighted Average	754	535	335	660	675	266

Capital Expenditures:	2009	2008	2007	2006	2005	2004
	$3,845,335	6,237,456	4,275,857	3,944,702	2,560,628	1,604,552

	2003	2002	2001	2000
	$2,458,233	7,158,372	9,084,978	5,242,355

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


Operating Statistics

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

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

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

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

Total Revenue from Water Sales	3,925,442	3,877,506	3,653,356	NA	NA	NA
Total Revenue from Sewage Sales	5,077,178	0	0	NA	NA	NA

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

Group Average Sales per thousand Gallons Water	$4.87157	$7.69779	$0.85985	NA	NA	NA
Group Average Sales per thousand Gallons Sewage	$6.14194	$9.61607	$1.04845	NA	NA	NA

State Average Sales per thousand Gallons Water	$39.12016	$9.21753	$4,470.42307	NA	NA	NA
State Average Sales per thousand Gallons Sewage	$35.74438	$25.29767	$2,448.46180	NA	NA	NA

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

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

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

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

	2009	2008	2007	2006	2005	2004

Population	31,250	29,983	28,876	27,215	25,951	24,764
Power Agency Group	N.C. Easterrn Municipal Power Agency
Total Operating Revenues	$0	0	0	0	0	0
Group Weighted Average	0	1,422,796	0	0	121,301	0

% to Total Operating Revenues
Power Purchases	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Group Weighted Average	0.0%	23.2%	#DIV/0!	#DIV/0!	2115.3%	#DIV/0!

Other Operating Expenses	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Group Weighted Average	0.0%	27.2%	#DIV/0!	#DIV/0!	-2016.2%	#DIV/0!

Operating Margin	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Group Weighted Average	100.0%	49.6%	#DIV/0!	#DIV/0!	0.9%	#DIV/0!

Operating Transfers In/(out)	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Group Weighted Average In/(out)	0.0%	-0.7%	#DIV/0!	#DIV/0!	-4.5%	#DIV/0!

Net Income	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Group Weighted Average	#DIV/0!	36.9%	#DIV/0!	#DIV/0!	63.6%	#DIV/0!

Key Ratios and Cash Flow

Quick Ratio	2.4	2.4	2.2	1.9	3.7	5.9
Group Weighted Average	2.6	2.6	2.6	2.9	3.2	3.5

Coverage Ratio	0.00	0.00	0.00	0.00	0.00	0.00
Group Weighted Average	12.92	4.71	8.21	1.44	1.29	7.51

Days Sales in Receivables	0.0	0.0	0.0	0.0	0.0	0.0
Group Weighted Average	N/A	3.5	N/A	N/A	N/A	14.9

Days Cash on Hand	0.0	0.0	0.0	0.0	0.0	0.0
Group Weighted Average	-304.7	-8598.6	322.6	-46.3	-4.9	-638.1

Cash flow from Operations	$2,510,664	3,121,984	2,826,578	1,866,639	2,160,122	2,020,090

Capital Expenditures:	$1,892,062	2,164,448	2,938,107	6,640,410	3,944,106	1,379,108


	2009	2008	2007	2006	2005	2004
Capital Contributions: Excluded from Income Above	$0	0	0	0	0	0

Operating Transfers to the General Fund as a % of GF Revenues	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

	2003	2002	2001	2000	1999
	#VALUE!	#VALUE!	#VALUE!	9.00%	0.00%

Gross Electric Fund Assets as Cost	$0	0	0	0	0	0
Estimated Tax Loss from Municipal Ownership of Utility	$0	$0	0	0	0	0
Tax Rate Equivalent	0.0000	0.0000	0.0000	0.0000	0.0000	0.0000

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	0.3397	0.3253	0.3379	0.3566	0.3637	0.3672

Tax Rate Adjusted Excluding Transfers	0.3397	0.3253	0.3379	0.3566	0.3637	0.3672

Weighted Average Group Rate Adjusted	0.3911	0.3938	0.4015	0.4080	0.4127	0.4254

Weighted Average Non Electric Adjusted Rate	0.4007	0.4107	0.4309	0.4353	0.4419	0.4533

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

	2005	2006	2007	2008	2009
Unit's FBA %	62.28%	64.37%	41.49%	47.96%	65.36%
Group average FBA %	41.78%	40.17%	37.01%	38.75%	39.96%
State average Electric/Non Electric Group FBA %	36.67%	35.62%	33.99%	35.41%	34.57%
State average FBA %	36.78%	36.96%	41.78%	36.34%	37.00%

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

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2005 2006 2007 2008 2009

Municipality 98.88% 98.79% 98.62% 98.58% 98.95%

Pop. Group 97.03% 96.74% 96.51% 96.79% 96.95%

Statewide 97.42% 97.55% 97.59% 97.64% 97.78%

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

	2005	2006	2007	2008	2009
Municipality	98.88%	98.79%	98.62%	98.58%	98.95%
Pop. Group	97.03%	96.74%	96.51%	96.79%	96.95%
Statewide	97.42%	97.55%	97.59%	97.64%	97.78%

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

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2005 2006 2007 2008 2009

Municipality 312 535 457 480 625

Pop. Group 320 283 243 247 221

Statewide 505 495 478 456 455

Municipal Population Group: 25,000 to 49,999

	2005	2006	2007	2008	2009
Municipality	312	535	457	480	625
Pop. Group	320	283	243	247	221
Statewide	505	495	478	456	455

Municipal Population Group: 25,000 to 49,999

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2005 2006 2007 2008 2009

Property Tax $403 403 400 408 476

Utility 1,062 1,184 1,354 1,279 1,182

Sales Tax 170 180 189 189 163

Sales & Services 87 91 90 93 90

Intergovernmental 155 98 92 115 96

Debt Proceeds 0 279 40 0 726

Other Miscellaneous 113 168 190 177 103

Total $1,990 2,403 2,355 2,261 2,836

	2005	2006	2007	2008	2009
Property Tax	$403	403	400	408	476
Utility	1,062	1,184	1,354	1,279	1,182
Sales Tax	170	180	189	189	163
Sales & Services	87	91	90	93	90
Intergovernmental	155	98	92	115	96
Debt Proceeds	0	279	40	0	726
Other Miscellaneous	113	168	190	177	103
Total	$1,990	2,403	2,355	2,261	2,836

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2009
2009

Category Revenue
Per Capita

Property Tax $14,879,906
$476

Water/Sewer 10,184,392
326

Electric 26,739,405
856

Other Utilities 0
0

Sales Tax 5,099,936
163

Sales & Services 2,827,805
90

Intergovernment 2,995,202
96

Debt Proceeds 22,683,293
726

Miscellaneous 3,215,160
103

Total $88,625,099
$2,836

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

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2009
2009

Category Expenditures
Per Capita

General Government $4,477,326
$144

Water/Sewer 10,462,795
335

Electric 25,810,074
826

Other Utilities 0
0

Debt Service 2,874,784
92

Transportation 3,377,126
108

Public Safety 16,975,649
543

Other 8,825,958
282

Total $72,803,712
$2,330

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

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2009
2009

Category Expenditures
Per Capita

Salaries & Wages $20,380,199
$652

Water/Sewer Capital 3,845,335
123

Electric Capital 1,892,062
61

Other Capital 9,841,562
315

Other Operating 36,844,554
1,179

Total $72,803,712
$2,330

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

Last Updated 6/11/2010 9:20:07 AM



	2009	2009
Category	Revenue	Per Capita
Property Tax	$14,879,906	$476
Water/Sewer	10,184,392	326
Electric	26,739,405	856
Other Utilities	0	0
Sales Tax	5,099,936	163
Sales & Services	2,827,805	90
Intergovernment	2,995,202	96
Debt Proceeds	22,683,293	726
Miscellaneous	3,215,160	103
Total	$88,625,099	$2,836

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