North Carolina
Department of State Treasurer
Financial Information
City of Asheboro



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

Institute of Government North Carolina Cities Web Site

Go to North Carolina County and Municipal Financial Information Home Page
Go to Randolph County Map Page



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$11,770,534 11,531,005 11,190,147 10,125,704 9,977,077 9,816,418


Utility 11,009,857 10,558,841 11,406,078 10,065,963 9,184,811 9,130,031


Sales Tax 2,934,243 3,538,343 4,232,034 4,122,316 3,812,464 3,616,500


Sales & Services 1,422,077 1,528,070 1,581,051 1,402,619 1,278,566 1,300,861


Intergovernmental 4,209,298 4,762,170 3,726,805 3,086,749 2,643,765 3,930,803


Debt Proceeds 519,939 676,174 477,269 580,745 579,134 351,417


Other Miscellaneous 628,156 804,929 1,416,888 1,615,859 2,015,122 878,165


Total$32,494,104 33,399,532 34,030,272 30,999,955 29,490,939 29,024,195










Expenditures by Function







Utility$9,618,724 9,745,101 8,316,507 6,562,071 6,579,910 8,438,440


Debt Service 2,770,731 2,231,941 2,293,546 2,388,874 2,727,215 2,716,802


Transportation 2,981,861 3,681,897 3,375,418 2,864,638 2,432,969 3,352,241


General Government 2,399,611 2,360,851 2,326,015 2,236,969 2,248,728 2,052,625


Public Safety 9,676,631 9,415,863 9,152,688 8,376,645 8,586,418 7,517,736


Other 6,604,934 6,318,970 7,009,788 6,139,613 5,427,170 4,656,877


Total$34,052,492 33,754,623 32,473,962 28,568,810 28,002,410 28,734,721










Expenditures by Object







Salaries & Wages$18,577,585 17,592,803 16,243,077 15,024,590 14,568,456 14,044,794


Capital Outlay 2,451,868 4,124,469 3,850,843 2,339,098 2,545,805 5,309,928


Other Operating + Debt Service 13,023,039 12,037,351 12,380,042 11,205,122 10,888,149 9,379,999


Total$34,052,492 33,754,623 32,473,962 28,568,810 28,002,410 28,734,721



















Per Capita Revenues by Source







Property Tax$465 464 467 427 430 428


Utility 435 425 476 424 396 398


Sales Tax 115 143 177 174 163 158


Sales & Services 56 62 66 59 55 57


Intergovernmental 166 192 156 130 114 171


Debt Proceeds 21 27 20 24 25 15


Other Miscellaneous 25 32 59 68 87 38


Total$1,283 1,345 1,421 1,306 1,270 1,265










Per Capita Expenditures by Function







Utility$380 393 347 277 283 368


Debt Service 109 90 96 101 117 118


Transportation 118 148 141 121 105 146


General Government 95 95 97 93 97 89


Public Safety 382 379 382 353 370 328


Other 261 255 293 259 234 203


Total$1,345 1,360 1,356 1,204 1,206 1,252










Per Capita Expenditures by Object







Salaries & Wages$734 709 678 633 627 612


Capital Outlay 97 166 161 99 110 231


Other Operating 514 485 517 472 469 409


Total$1,345 1,360 1,356 1,204 1,206 1,252










Population GroupNo Electric 10,000 to 49,999 No Electric 10,000 to 49,999 No Electric 10,000 to 49,999 No Electric 10,000 to 49,999 No Electric 10,000 to 49,999 No Electric 10,000 to 49,999


Number of Municipalites in Group 42 41 38 34 32 32


Average Population In Group 19,501 19,477 20,391 20,926 20,968 20,289


City of Asheboro Population 25,321 24,827 23,940 23,729 23,219 22,947

Group Average Per Capita Revenues by Source







Property Tax 427 408403387370362


Utility 300 285320314312295


Sales Tax 122 135159156150145


Sales & Services 61 6073737163


Intergovernmental 149 146153142152156


Debt Proceeds 83 801877619103


Other Miscellaneous 94 194174213154136


Total 1,236 1,3081,4691,3611,2281,260










Group Average Per Capita Expenditures by Function







Utility 257 292270291263266


Debt Service 141 140137126136127


Transportation 113 141125120124122


General Government 150 144229139144143


Public Safety 341 329330325318310


Other 235 235253261229223


Total 1,237 1,2811,3441,2621,2141,191










Group Average Per Capita Expenditures by Object







Salaries & Wages 469 458465451446430


Capital Outlay 205 271304262229252


Other Operating 562 551574548538507


Total 1,236 1,2801,3431,2611,2131,189


















General Fund
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201020092008200720062005

General Fund revenues$21,278,766 21,369,850 21,568,281 19,620,405 18,865,116 18,325,001

General Fund expenditures 21,420,737 20,458,573 21,168,510 19,133,618 18,660,250 17,107,761

Operating transfers in 2,348 165,616 406,830 1,800,000 - -

Operating transfers out 776,053 1,290,591 785,509 164,467 191,806 100,902

Capital leases and installment purchase proceeds - - - - 693,017 52,765

Other items 28,389 - 28,666 4,515 35,570 -

Excess of revenues and other sources over (under) expenditures and other uses (887,287) (213,698) 49,758 2,126,835 741,647 1,169,103










Fund balance available (FBA):







In dollars$6,519,862 8,125,991 7,604,555 6,287,576 5,382,922 5,513,108


FBA as a % of GF Net Expenditures:







Unit's FBA %29.3737.3634.6432.5829.6432.14


Group weighted average FBA %44.2741.0843.4040.4438.0537.21


State weighted average Non-Electric Group39.1337.8936.6537.3937.3836.82


State weighted average FBA %37.7937.0936.3436.5436.9636.78

















Enterprise Funds:
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Water/Sewer













Combined financial results:







Working capital$9,191,939 9,784,350 9,455,308 9,177,247 8,673,212 7,397,309


Quick ratio4.03 4.74 3.81 2.98 3.95 3.86


Net income1,048,544 2,065,752 1,811,479 560,629 2,772,782 1,391,164


Cashflow from operations2,846,888 3,143,563 3,890,981 3,677,576 2,541,011 3,554,020


Depreciation & Amortization Expense1,559,168 1,517,887 1,446,701 1,340,188 1,286,376 1,340,089


























Cash, Investments and Financing
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201020092008200720062005











Population at July 1st of the Previous Year25,32124,82723,94023,72923,21922,947


Population GroupNo Electric 10,000 to 49,999 No Electric 10,000 to 49,999 No Electric 10,000 to 49,999 No Electric 10,000 to 49,999 No Electric 10,000 to 49,999 No Electric 10,000 to 49,999


Cash &Investments$0 0 0 0 0 0


Investment Earnings0 0 0 0 0 0


Tax Rate Equivalent0.00000.00000.00000.00000.00000.0000


Tax Rate Equivalent Group weighted average0.00050.00140.00330.00300.00400.0009


Tax Rate Equivalent Statewide weighted average0.00130.00340.00690.01010.00800.0043


Latest year of Revaluation 200702007200120012001


January 1, Prior Year Assessed Valuation$2,172,166,963 2,081,585,250 2,061,985,336 1,855,649,116 1,831,328,375 1,777,383,051


Tax Rate0.55000.55000.55000.55000.55000.5500


Tax Rate Group weighted average0.42560.43350.45640.47540.46630.4680


Tax Rate State Wide0.40600.42620.42380.44500.43210.4448


Assessment -to-Sales Ratio98.1992.4396.7686.1888.2089.08


Assessment -to-Sales Ratio Group weighted average98.4792.4489.9990.6393.3594.44


Assessment -to-Sales Ratio Statewide98.2990.8188.5388.4192.2892.35


Assessed Valuation Adjusted for Assesment to Sales Ratio$2,212,207,926 2,252,066,699 2,131,030,732 2,153,224,781 2,076,336,026 1,995,266,110


EffectiveTax Rate0.54000.50840.53220.47400.48510.4899


Group weighted average Effective Tax Rate0.41910.40070.41070.43090.43530.4419


Statewide weighted average Effective Tax Rate0.39900.38700.37520.39340.39870.4108


Percent Collected97.180097.690098.380098.430098.430098.4700


Percent Collected Group weighted average97.0097.1597.3997.2397.4897.36


Percent Collected Statewide97.6197.3697.5697.5897.5597.42


Percent Collected Excluding Motor Vehicles97.9798.5299.4499.5599.6599.63


Percent Collected Excluding Motor Vehicles Group weighted average97.6697.9298.3498.3098.5498.42


Percent Collected Excluding Motor Vehicles Statewide weighted average98.3098.3198.6598.5998.6198.36


Percent Collected Motor Vehicles Only 86.1486.9685.6285.7485.1685.64


Percent Collected Motor Vehicles Only Group weighted average87.4487.2787.0986.1587.3286.80


Percent Collected Motor Vehicles Only Statewide weighted average 86.8986.6786.7486.7186.8087.31


Tax Uncollected1,013,790 999,618 928,966 872,811 880,289 851,311


Tax Rate Equivalent0.04670.04800.04510.04700.04810.0479


Dominant County: Randolph






Debt Information








Population Group25,000 to 49,99910,000 to 24,99910,000 to 24,99910,000 to 24,99910,000 to 24,99910,000 to 24,999


Ratings:







Fitch







Moody'sAa3A2A2A2A2A2


S & PA+A+A+A+A+A+











General Obligation Debt (GO) where the taxing power of the entrire municipality is pledged to pay the obligation




Enterprise GO Debt$3,513,823 4,442,508 5,393,517 6,353,456 7,331,254 8,215,000


General Government GO Debt421,177 532,492 646,483 761,544 878,746 875,000


Total General Obligation Debt3,935,000 4,975,000 6,040,000 7,115,000 8,210,000 9,090,000


Per Capita$155 200 252 300 354 396


Total Per Capita for the Population Group220 130 153 166 163 190


Total Per Capita Statewide449 455 456 478 495 505


Total per Assessed Valuation Adjusted for Current Year Sales0.1779%0.2209%0.2834%0.3304%0.3954%0.4556%


Total per Assessed Valuation Adjusted for Current Year Sales- Group Average0.2139%0.1320%0.1585%0.1868%0.1912%0.2303%


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
















Installment Sales Purchases and Lease Obligations







--Enterprise$411,858 470,895 526,713 579,405 629,305 676,484


--General Government71,367 208,596 338,792 462,264 600,644 773,468


Total*$483,224 679,491 865,505 1,041,668 1,229,949 1,449,952


* The total only includes the contracts that require Local Government Commission approval.




Revenue Bond Debt $8,335,143 8,957,656 9,330,805 9,703,954 5,089,837 5,462,986


















Annual Financial Information Report Detail
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LineSectionDescription201020092008200720062005

Population at July 1st of the Previous Year Adjusted for Boundry Changes25,32124,82723,94023,72923,21922,947









1.5AFISCAL Governmental Activities Assets37,461,14937,898,27040,303,51813,954,99812,955,40914,282,425
1.5BSUMMARYGovernmental Activities Liabilities4,876,3694,493,4215,218,7502,236,9533,401,8505,194,432
3.5A
Business Type Activities Assets58,965,55959,437,67458,699,22611,420,60456,616,90456,179,312
3.5B
Business Type Activities Liabilties12,937,69714,458,35615,785,66014,991,69416,075,45118,410,636
6.5A
Fiduciary Funds Assets





6.5B
Fiduciary Funds Liabilties





10.0PART 2Current Collections of Unit -Wide Levy11,488,13811,316,66811,002,6289,957,4179,792,2859,602,532
11.0TAXCurrent Collections of Special Tax Districts





12.0REVENUESPrior Years' Levy Collections194,374169,917142,618130,453144,647172,232
13.0
Penalties and Interest88,02244,42044,90137,83440,14541,654
14.0
Collections of Taxes Previously Written Off





15.0
Animal Tax6355606256751,000685
15.1
Solid Waste Disposal Tax17,12111,142



16.0
1% Local Government Option Sales Tax1,228,7311,237,0881,305,0081,265,8101,206,4881,326,714
17.0
1/2% Local Government Option Sales Tax (40)959,374972,3491,088,8711,061,235958,205820,913
18.0
1/2% Local Government Option Sales Tax (42)700,531965,8621,083,1591,055,726953,755816,486
18.5
1/2% Local Government Option Sales Tax (44)45,607363,044754,996739,545694,016652,387
19.0
Privilege Licenses314,573276,475283,545279,408274,792257,079
19.2
Privilege -- All other privileges and pemits





20.0
Auto Licenses





21.0
Vehicle Tax for Public Transportation





22.0
Other Licenses25,90025,30325,515165,335155,713128,777
23.0
Local Occupancy Tax





24.0
Prepared Food Tax





25.0
911 Charges





26.0
Gross Short Term lease and Rental Tax21,88622,16619,04820,72520,89623,349
27.0FEDERALPayments In Lieu of Taxes - Federal





28.0INTERGOVEquitable Sharing of Fed. Forfeited Prop.50,15579,727



29.0REVENUESGeneral Government





30.0
Public Safety
5,712130,54374,90469,73942,639
31.0
Transportation - Streets





32.0
Transportation - All Other
24,200287,019252,534
198,021
33.0
Environmental Protection





34.0
Econ. & Phys. Dev. - Housing/Comm. Dev.





35.0
Econ. & Phys. Dev. - All Other
750,000



36.0
Human Services: Health, Mental Hlt & Hosp





37.0
Human Services: All Other





38.0
Culture & Recreation





39.0STATEPayments In Lieu of Taxes - State





40.0INTERGOVUnauthorized Substance Tax32,98137,800



41.0REVENUESTransitional Hold Harmless1,088,123430,458123,514131,024188,390263,639
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 Tax2,162,5202,091,4302,078,2911,749,7121,659,1991,651,726
45.0
Beer and Wine Tax35,83372,368



46.0
Powell Bill635,893694,070771,217679,297687,555685,865
50.0
Court Fees - Facilities and Arrest Fees24,05724,77822,85118,15310,62715,814
51.0
General Government





52.0
Public Safety136,927

35,345

53.0
Transportation - Streets




942,590
54.0
Transportation - All Other

152,887


55.0
Environmental Protection





56.0
Econ. & Phys. Dev. - Housing/Community Dev




100,000
57.0
Econ. & Phys. Dev. - All Other
199,000



58.0
Human Services -Health, Mental Health, Hosp





59.0
Human Services - All Other





60.0
Culture and Recreation


100,000

61.0LOCALPayments in Lieu of Taxes - Local20,04019,60415,5529,3057,3597,160
62.0INTERGOVGeneral Government


15,750

63.0REVENUESPublic Safety883303,267883


64.0
Transportation - Streets





65.0
Transportation - All Other





66.0
Environmental Protection





67.0
Economic and Physical Development

125,000


68.0
Human Services - Health, Mental Hlt & Hosp





69.0
Human Services - All Other
7,590



70.0
Culture and Recreation

50,000


71.0PERMITS Building Permits52,21748,95488,293114,23292,36791,757
72.0& FEESInspection Fees29,07530,60052,44243,45047,00045,820
72.1
Amusements licensing and permit taxes





73.0
Other Permits24,62523,86639,40844,38348,85747,977
74.0SALES &Parking Revenues





75.0SERVICESRents and Royalties79,82588,612111,04589,55466,29463,756
76.0
Airport8,2095,676
4,040

77.0
Fire Protection Charges





78.0
Solid Waste962,6541,024,0871,015,480838,317780,234798,774
79.0
Ambulance and Rescue Squad Charges





80.0
Cemeteries8003,0002,00017,70039,50037,500
81.0
Recreation Service Revenues345,964382,829413,118408,625343,681352,854
82.0
Library Service Revenues





83.0
Other Cultural and Rec Service Revenues





84.0
Mass Transit - City Operated





85.0
Other Sales and Services33,12028,49335,72230,60225,89724,848
86.0UTILITYWater and Sewer Charges10,976,73710,530,34811,370,35610,035,3619,158,9149,105,183
87.0REVENUESElectric Charges





88.0
Gas Charges





88.1
Storm Water Fees





89.0MISC.Investment Earnings - Bond Proceeds





90.0REVENUESInvestment Earnings - All Other Funds122,753387,646867,6391,007,829720,074300,233
91.0
Special Assessments





92.0
Private Contributions and Donations





93.0
Sales of Materials and Fixed Assets38,0035,39148,8294,93041,9961,049
94.0
Sale of Real Property





95.0
Nongovt Contr For Streets & Traffic Signals





96.0
ABC Mixed Drink Surcharge





97.0
ABC Profit Distribution45,00030,000



98.0
Other Miscellaneous Revenues519,939512,180477,269580,745579,134351,417
99.0
Proceeds of Sale of Bonds and Notes
163,994



100.0
Proceeds of Capital Leases/Install Purchases



682,18052,765
101.0
Other


4,5151,948,8882,870,980
102.0NON-REVSchool - Current Levy Collections





103.0RECEIPTSPrior Years' Levy Collections





104.0
Tax Collections for Other Units





105.0
Utilities Customer's Deposits





106.0
Deposits Other than Utility





107.0
Prepaid Taxes





108.0
Prepaid Privilege Licenses





109APART 4Governing Body - Salaries & Wages96,95582,71769,86161,40072,91871,840
109BGENERALGoverning Body - Other Direct77,04871,27540,33053,09054,51240,184
109CGOVTGoverning Body - Construction





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

10,676


110A
Administration - Salaries & Wages125,332119,971111,013105,645105,42597,137
110B
Administration - Other Direct43,30644,13645,65544,28945,22535,825
110C
Administration - Construction





110D
Administration - Purchase of P,P&E





111A
Elections - Salaries & Wages





111B
Elections - Other Direct





111C
Elections - Construction





111D
Elections - Purchase of P,P&E





112A
Finance - Salaries & Wages179,014165,666160,027229,244259,812249,274
112B
Finance - Other Direct67,28784,55959,92461,330126,24755,510
112C
Finance - Construction





112D
Finance - Purchase of P,P&E
6,731


1,842
113A
Taxes - Salaries & Wages





113B
Taxes - Other Direct154,627203,543189,548152,146130,791186,366
113C
Taxes - Construction





113D
Taxes - Purchase of P,P&E





114A
Legal - Salaries & Wages119,555112,178120,810121,512116,54698,936
114B
Legal - Other Direct25,25423,94421,61915,76914,81115,139
114C
Legal - Construction





114D
Legal - Purchase of P,P&E





115A
Public Buildings - Salaries & Wages




784
115B
Public Buildings - Other Direct82,11984,80069,39358,39789,21355,876
115C
Public Buildings - Construction





115D
Public Buildings - Purchase of P,P&E35,347

2,139
1,008
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 & Wages708,046629,822582,846557,014533,900524,548
117B
Central Services - Other Direct168,271151,543177,421235,532145,180124,750
117C
Central Services - Construction





117D
Central Services - Purchase of P,P&E
20,33720,6813085,044
118A
Gen. Govt. All Other - Salaries & Wages239,878228,807363,609321,331374,082366,307
118B
Gen. Govt. All Other - Other Direct272,490324,091276,761207,981167,387120,086
118C
Gen. Govt. All Other - Construction





118D
Gen. Govt. All Other - Purchase of P,P&E5,0826,7315,8419,8427,6357,213
119APUBLICPolice & Comm - Traffic Control - Salaries and Wages4,938,5214,702,4754,332,8164,046,7463,791,6703,715,820
119BSAFETYPolice & Comm - Traffic Control - Other Direct945,765683,118983,2871,002,509952,811645,193
119C
Police & Comm - Traffic Control - Construction





119D
Police & Comm - Traffic Control - Purchase of P,P&E43,85882,303255,432212,329766,230143,771
120A
Emergency Communications - Salaries & Wages





120B
Emergency Communications - Other Direct





120C
Emergency Communications - Construction





120D
Emergency Communications - Purchase of P,P&E





120B
Emergency Telephone Service Fund (ETSF) Expenditures - Operating





120C
ETSF Expenditures - Capital Construction





120D
ETSF Expenditures - Capital Purchases





121A
Emergency Mgmt - Salaries & Wages





121B
Emergency Mgmt - Other Direct





121C
Emergency Mgmt - Construction





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





122A
Fire - Salaries & Wages2,991,6692,799,7822,605,8562,398,9572,385,9112,201,977
122B
Fire - Other Direct430,888492,069365,919368,256366,717347,331
122C
Fire - Construction





122D
Fire - Purchase of P,P&E6,726175,695289,64240,15634,62864,815
123A
Inspectors - Salaries & Wages212,290201,987187,920184,232168,074168,716
123B
Inspectors - Other Direct9,55512,90216,38617,82413,63711,183
123C
Inspectors - Construction





123D
Inspectors - Purchase of P,P&E





124A
Rescue Units - Salaries & Wages





124B
Rescue Units - Other Direct





124C
Rescue Units - Construction





124D
Rescue Units - Purchase of P,P&E





125A
Animal Control - Salaries & Wages





125B
Animal Control - Other Direct





125C
Animal Control - Construction





125D
Animal Control - Purchase of P,P&E





126A
Pub. Safety All Other - Salaries & Wages





126B
Pub. Safety All Other - Other Direct





126C
Pub. Safety All Other - Construction





126D
Pub. Safety All Other - Purchase of P,P&E





127ATRANSPORTraffic Engineering - Salaries & Wages





127BTATIONTraffic Engineering - Other Direct





127C
Traffic Engineering - Construction





127D
Traffic Engineering - Purchase of P,P&E885,292834,513767,874730,127654,804651,056
128A
Streets and Highways - Salaries & Wages1,053,2441,040,556992,897869,284751,912692,778
128B
Streets and Highways - Other Direct120,086




128C
Streets and Highways - Construction3,08492,665421,968215,911249,435201,531
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 Direct36,00570,19149,31472,40467,63239,929
134C
Airport - Construction





134D
Airport - Purchase of P,P&E1,651
328,523222,955
1,138,672
135A
Transpor. All Other - Salaries & Wages566,528533,358500,866466,303465,788404,338
135B
Transpor. All Other - Other Direct287,640268,636308,271252,306243,398192,563
135C
Transpor. All Other - Construction
835,786



135D
Transpor. All Other - Purchase of P,P&E28,3316,1925,70535,348
31,374
136AENVIRONSolid Waste - Salaries & Wages784,195802,377752,705705,082712,397658,953
136BMENTALSolid Waste - Other Direct1,475,4861,294,3991,452,4841,147,5221,172,3551,050,961
136CPROTECTIONSolid Waste - Construction





136D
Solid Waste - Purchase of P,P&E
24,600516,69253,739215,07065,927
137A
Drainage & Watershed - Salaries & Wages





137B
Drainage & Watershed - Other Direct





137C
Drainage & Watershed - Construction





137D
Drainage & Watershed - Purchase of P,P&E





138A
Cemeteries - Salaries & Wages





138B
Cemeteries - Other Direct





138C
Cemeteries - Construction





138D
Cemeteries - Purchase of P,P&E





139A
Environ. All Other - Salaries & Wages





139B
Environ. All Other - Other Direct





139C
Environ. All Other - Construction





139D
Environ. All Other - Purchase of P,P&E





140AECONOMICPlanning & Zoning - Salaries & Wages403,896412,438378,864344,452345,883330,122
140B& PHYSICALPlanning & Zoning - Other Direct128,29922,76556,79354,06826,50330,038
140CDEVELOPPlanning & Zoning - Construction





140D
Planning & Zoning - Purchase of P,P&E4,233




141A
Economic Development - Salaries & Wages





141B
Economic Development - Other Direct524,035831,357726,572754,337155,773227,914
141C
Economic Development - Construction





141D
Economic Development - Purchase of P,P&E


201,619396,82214,894
142A
Community Development - Salaries & Wages





142B
Community Development - Other Direct198,39098723,526


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 & Wages1,762,0101,643,0531,542,7181,422,0821,345,385455,461
153BRECREATIONRecreation & Parks - Other Direct1,254,431811,141919,068999,132803,260468,436
153C
Recreation & Parks - Construction





153D
Recreation & Parks - Purchase of P,P&E
366,475403,209335,241103,503181,471
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 Direct69,959109,37896,581122,339119,37671,085
156C
Libraries - Construction





156D
Libraries - Purchase of P,P&E

140,576
30,843900
157A
Cult. & Recr. All Other - Salaries & Wages




869,312
157B
Cult. & Recr. All Other - Other Direct




196,383
157C
Cult. & Recr. All Other - Construction





157D
Cult. & Recr. All Other - Purchase of P,P&E




35,020
158AUTILITYWater & Sewer - Salaries & Wages4,396,4524,117,6163,540,2693,191,3063,138,7533,138,491
158B
Water & Sewer - Other Direct 3,784,0083,955,0444,092,2143,091,3813,359,3662,529,515
158C
Water & Sewer - Construction846,6201,295,111



158D
Water & Sewer - Purchase of P,P&E591,644377,330684,024279,38481,7912,770,434
159A
Electric Power - Salaries & Wages





159B
Electric Power - Other Direct





159C
Electric Power - Construction





159D
Electric Power - Purchase of P,P&E





160A
Natural Gas - Salaries & Wages





160B
Natural Gas - Other Direct





160C
Natural Gas - Construction





160D
Natural Gas - Purchase of P,P&E





161.1A
Storm Water - Salaries & Wages





161.1B
Storm Water - Other Direct





161.1C
Storm Water - Construction





161.1D
Storm Water - Purchase of P,P&E





161BDEBTWater & Sewer - Interest & Fees710,376307,682353,1241,758,9652,137,061611,423
161DSERVICEWater & Sewer - Principal1,551,1981,324,1581,333,088

1,340,341
162B
Electric - Interest & Fees





162D
Electric - Principal





163B
Gas - Interest & Fees





163D
Gas - Principal





164B
School - Interest & Fees





164D
School - Principal





165B
Hospital - Interest & Fees





165D
Hospital - Principal





166B
All Other - Interest & Fees58,99778,162105,377629,909590,154154,060
166D
All Other - Principal450,160521,939501,957

610,978
167BPENSIONDirect Benefit Program - Other Direct





168BFRINGEFringe Benefits Unallocated





169B
Separation Allowance - Law Enforcement
96,092


89,208
170B
Separation Allowance - Other Employees





171B
Supplemental Retirement - Law Enforcement97,359169,440115,430105,636106,740129,722
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 vehicles11,062,871.10,857,963.0010,418,299.009,376,267.009,197,752.009,030,114.00
180.0
Current year's levy -- Motor vehicles (only)788,678.838,528.00870,768.00830,846.00848,353.00817,903.00
181.0PART 6Uncollected Taxes - Current Year's Levy Except Mot Veh225,112.161,090.0058,198.0041,965.0031,936.0033,408.00
182.0OTHERUncollected Taxes - CY Levy -Motor Vehicles109,303109,337125,213118,472125,896117,429
183.0DATAPercentage of Taxes Collected - All Property %97.1897.6998.3898.4398.4398.47
184.0DATAPercentage of Taxes Collected - Exclude Motor Vehicles%97.9798.5299.4499.5599.6599.63
185.0
Percentage of Taxes Collected - Motor Vehicles %86.1486.9685.6285.7485.1685.64
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 Bond





189CINVESTCash On Hand & in Bank - All Other17,654,24919,237,90219,497,05729,711,27617,063,60515,546,777
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 Revenues34,320,83636,245,85234,030,27233,683,76531,439,82732,484,217
194BFISCALAmount - Subtract Refunding Bond Proceeds





194CSUMMARYAmount - Subtract Interfund Transfers In1,809,6112,835,178
2,679,295
589,042
194D
Amount - Net Revenues32,511,22533,410,67434,030,27231,004,47031,439,82731,895,175


Calculated amount32,511,22533,410,67434,030,27231,004,47031,439,82731,895,175


Amounts in AGREEMENT??YesYesYesYesYesYes


Difference





195A
Amount - Total Expenditures35,862,10336,589,80132,473,96231,248,10528,002,41029,323,763
195B
Amount - Subtract Pymts. to Refunded Debt Agent





195C
Amount - Subtract Interfund Transfers Out1,809,6112,835,178
2,679,295
589,042
195D
Amount - Net Expenditures34,052,49233,754,62332,473,96228,568,81028,002,41028,734,721


Calculated amount34,052,49233,754,62332,473,96228,568,81028,002,41028,734,721


Amounts in AGREEMENT??YesYesYesYesYesYes


Difference














401APart 10Number of residential accounts billed Water


11,686

401BWater /Number of residential accounts billed Sewer


23,000

402ASewer Amount processed and/or purchased in units Water1,574227,322,1951,818,0981,842,107

402BOperationsAmount processed and/or purchased in units Sewer1,442185,492,9021,335,9941,471,041

403A
Total amount billed in units - Water1,3741,259,400,7631,388,4061,311,900

403B
Total amount billed in units - Sewer1,075940,513,8291,028,4561,073,896

404A
Of the total in 403A above how many units were Residential W480460,924,527470,16462,777

404B
Of the total in 403B above how many units were Residential S


21,003

405A
Of the total in 403 above, how many units were Outside Muni W


7,799

405B
Of the total in 403 above, how many units were Outside Muni S


11,686

406A
Of the total in 405A above how many units were Residential W


1,320

406B
Of the total in 405B above how many units were Residential S


14,150

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 bulk6,024,2955,822,0176,370,1005,595,206

408A
Dollars related to 403A above4,457,5684,151,1514,406,4084,070,469

408B
Dollars related to 403B above2,560,8692,639,7652,595,7052,398,630

409A
Dollars related to 404A above1,957,0991,939,2271,894,2661,787,442

409B
Dollars related to 404B above


862,422

410A
Dollars related to 405A above


488,915

410B
Dollars related to 405B above


1,405,191

411A
Dollars related to 406A above


110,900

411B
Dollars related to 406B above


447,067

412A
Dollars related to 407A above





412B
Dollars related to 407B above10,20510,10010,364


421A
Number of residential accounts billed - Water8,4278,3628,577


421B
Number of residential accounts billed - Sewer1,6941,6391,670


422A
Number of non-residential & bulk accounts billed - Water1,5621,5231,559


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
































950.0
OfficialDeborah P Reaves

951.0
TitleFinance Director

952.0
Date12/14/201012/04/200912/05/200811/08/200711/13/200601/19/2006
953.0
ContactDeborah P Reaves

954.0
TitleFinance Director

955.0
Phone336-626-1201 ext 247




956.0
Fax336-626-1218




957.0
E-Mail:


















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Key Ratios and Operations Statistics of Water and Sewer Systems for



City of Asheboro













201020092008200720062005








Population
25,32124,82723,94023,72923,21922,947
Population Group
No Electric 10,000 to 49,999 No Electric 10,000 to 49,999 No Electric 10,000 to 49,999 No Electric 10,000 to 49,999 No Electric 10,000 to 49,999 No Electric 10,000 to 49,999
Total Operating Revenues
$10,976,73710,530,34811,370,35610,035,3619,158,9149,105,183
Total Operating Revenues Per Capita
$434424475423394397
Group Weighted Average Revenues Per Capita295279320312309294
State Weighted Average Revenues Per Capita306290293293286262








% to Total Operating Revenues






Operating Expenses
89.46%90.68%80.16%78.47%83.67%76.98%
Group Weighted Average
82.63%87.46%83.94%80.46%79.43%81.78%
State Weighted Average
83.80%88.94%85.72%81.18%80.03%84.59%








Operating Margin
10.54%9.32%19.84%21.53%16.33%23.02%
Group Weighted Average
17.37%12.54%16.06%19.54%20.57%18.22%
State Weighted Average
16.20%11.06%14.28%18.82%19.97%15.41%








Operating Transfers In
0.29%5.15%0.00%0.00%0.00%0.00%
Group Weighted Average
5.28%1.91%2.87%1.94%5.40%3.06%
State Weighted Average
1.47%1.12%1.21%1.12%1.45%1.59%








Operating Transfers Out
0.00%0.00%7.30%18.45%0.33%4.09%
Group Weighted Average
4.46%5.12%6.30%4.34%8.79%9.32%
State Weighted Average
1.66%2.70%3.12%1.85%2.76%2.79%








Net Income before capital contributions
5.52%13.86%13.78%5.59%17.44%15.28%
Group Weighted Average
32.60%14.97%26.37%26.00%13.04%22.53%
State Weighted Average
12.99%-9.68%14.10%18.23%15.30%15.64%








Key Ratios and Cash Flow














Quick Ratio
4.034.743.812.983.953.86
Group Weighted Average
3.083.133.213.223.183.04
State Weighted Average
3.202.812.962.902.821.82








Days Sales in Receivables
8.062.461.269.275.672.7
Group Weighted Average
57.255.154.154.846.160.0
State Weighted Average
58.858.656.160.758.160.0








Days Cash on Hand
419.6441.2446.4590.0470.9444.1
Group Weighted Average
595.9529.1549.0618.6530.0550.2
State Weighted Average
526.9479.1507.5565.1514.1479.7








Cash flow from Operations
$2,846,8883,143,5633,890,9813,677,5762,541,0113,554,020








Debt to Equity
0.260.030.340.340.360.38
Group Weighted Average
0.440.360.390.430.450.49
State Weighted Average
0.600.560.570.550.520.54








Debt per Capita
46652604589630627
Group Weighted Average
635477600631653708
State Weighted Average
997927932886798753








Capital Expenditures:
201020092008200720062005


$0000035,020










2004200320022001



$223,905150,415399,582784,067









Capital Contributions: Excluded from income above
$442,638606,183244,79901,175,2510
















Operating Statistics














Estimated population of the areas served Water00023,000NANA
Estimated population of the areas served Sewer00023,000NANA








Number of Gallons of Water Processed (000) omitted1,574227,322,1951,818,0981,842,107NANA
Number of Gallons of Sewage Processed (000) omitted1,442185,492,9021,335,9941,471,041NANA








Number of Gallons of Water Billed (000) omitted1,3741,259,400,7631,388,4061,311,900NANA
Number of Gallons of Sewage Billed (000) omitted1,075940,513,8291,028,4561,073,896NANA








Ratio of Water Billed to Water Processed0.873045.540160.763660.71217NANA
Ratio of Sewage Billed to Sewage Processed0.745865.070350.769810.73002NANA








Total Revenue from Water Sales6,024,2955,822,0176,370,1005,595,206NANA
Total Revenue from Sewage Sales4,457,5684,151,1514,406,4084,070,469NANA








Water Revenue per 1000 gallons of Sales



243.26983NANA
Sewage Revenue per 1000 gallons of Sales



176.97691NANA








Group Average Sales per thousand Gallons Water$37.70357$43.89276$8,202.96943$14,778.61260NANA
Group Average Sales per thousand Gallons Sewage$56.52978$61.44726$6,820.24527$15,323.42368NANA








State Average Sales per thousand Gallons Water$25.53413$28.47236$12,972.02948$5,350.70834NANA
State Average Sales per thousand Gallons Sewage$40.97199$44.63671$11,463.64343$3,991.93085NANA








Residential Water Sales per thousand Gallons$5,331.478360.005735.5208538.20874NANA
Residential Sewage Sales per thousand Gallons$5,231.066740.005145.1189235.31377NANA








Water Sales per thousand Gallons outside Municipal Limits


41.06185NANA
Sewage Sales per thousand Gallons outside Municipal Limits


62.68945NANA








Total Water Sales per thousand gallons for Redistribution$0.000000.000000.00000447,067.00000NANA
Total Sewage Sales per thousand gallons for Redistribution$0.000000.000000.000000.00000NANA




Financial Graphs and Comparisons


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Analysis of Available Fund Balance:  General Fund

20062007200820092010
Unit's FBA %29.64%32.58%34.64%37.36%29.37%
Group average FBA %38.05%40.44%43.40%41.08%44.27%
State average Electric/Non Electric Group FBA %37.38%37.39%36.65%37.89%39.13%
State average FBA %36.96%36.54%38.05%37.09%37.79%






Municipal Population Group: No Electric 10,000 to 49,999

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Analysis of Property Tax

20062007200820092010
Municipality98.43%98.43%98.38%97.69%97.18%
Pop. Group97.48%97.23%97.39%97.15%97.00%
Statewide97.55%97.58%97.56%97.36%97.61%






Municipal Population Group: No Electric 10,000 to 49,999






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Analysis of General Obligation Debt

20062007200820092010
Municipality354300252200155
Pop. Group163166153130220
Statewide495478456455449






Municipal Population Group: 10,000 to 24,999






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Analysis of Revenue

20062007200820092010
Property Tax$430427467464465
Utility396424476425435
Sales Tax163174177143115
Sales & Services5559666256
Intergovernmental114130156192166
Debt Proceeds2524202721
Other Miscellaneous8768593225
Total$1,2701,3061,4211,3451,283

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Analysis of Revenue for Fiscal 2010











2010
2010
CategoryRevenue
Per Capita
Property Tax$11,770,534
$465
Water/Sewer33,120
1
Electric10,976,737
434
Other Utilities0
0
Sales Tax2,934,243
115
Sales & Services1,422,077
56
Intergovernment4,209,298
166
Debt Proceeds519,939
21
Miscellaneous628,156
25
Total$32,494,104
$1,283





Municipal Population Group: No 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$2,399,611
$95
Water/Sewer0
0
Electric9,618,724
380
Other Utilities0
0
Debt Service2,770,731
109
Transportation2,981,861
118
Public Safety9,676,631
382
Other6,604,934
261
Total$34,052,492
$1,345





Municipal Population Group: No 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$18,577,585
$734
Water/Sewer Capital0
0
Electric Capital1,438,264
57
Other Capital1,013,604
40
Other Operating13,023,039
514
Total$34,052,492
$1,345





Municipal Population Group: No Electric 10,000 to 49,999






Last Updated 5/4/2011 8:11:02 PM