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

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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	$11,531,005	11,190,147	10,125,704	9,977,077	9,816,418	8,763,385
		Utility	10,530,348	11,370,356	10,035,361	9,158,914	9,105,183	8,278,250
		Sales Tax	3,538,343	4,232,034	4,122,316	3,812,464	3,616,500	3,421,604
		Sales & Services	1,532,697	1,577,365	1,388,838	1,255,606	1,277,732	1,271,039
		Intergovernmental	4,740,004	3,757,757	3,066,024	2,622,869	3,907,454	3,718,145
		Debt Proceeds	163,994	-	-	682,180	52,765	473,658
		Other Miscellaneous	1,363,141	1,902,613	2,266,227	3,930,717	4,119,123	937,338
		Total	$33,399,532	34,030,272	31,004,470	31,439,827	31,895,175	26,863,419

	Expenditures by Function
		Utility	$9,745,101	8,316,507	6,562,071	6,579,910	8,438,440	6,532,965
		Debt Service	2,231,941	2,293,546	2,388,874	2,727,215	2,716,802	2,752,719
		Transportation	3,681,897	3,375,418	2,864,638	2,432,969	3,352,241	3,154,154
		General Government	2,360,851	2,326,015	2,236,969	2,248,728	2,052,625	2,057,235
		Public Safety	9,415,863	9,152,688	8,376,645	8,586,418	7,517,736	6,814,713
		Other	6,318,970	7,009,788	6,139,613	5,427,170	4,656,877	4,507,370
		Total	$33,754,623	32,473,962	28,568,810	28,002,410	28,734,721	25,819,156

	Expenditures by Object
		Salaries & Wages	$17,386,760	16,018,054	14,885,433	14,471,348	14,003,072	13,118,270
		Capital Outlay	3,289,956	3,082,969	1,608,971	1,891,001	4,658,872	2,074,879
		Other Operating + Debt Service	13,077,907	13,372,939	12,074,406	11,640,061	10,072,777	10,626,007
		Total	$33,754,623	32,473,962	28,568,810	28,002,410	28,734,721	25,819,156


	Per Capita Revenues by Source
		Property Tax	$464	467	427	430	428	386
		Utility	424	475	423	394	397	365
		Sales Tax	142	177	173	165	157	150
		Sales & Services	62	66	59	54	56	56
		Intergovernmental	191	157	129	113	170	164
		Debt Proceeds	7	-	-	29	2	21
		Other Miscellaneous	55	79	96	169	180	41
		Total	$1,345	1,421	1,307	1,354	1,390	1,183

	Per Capita Expenditures by Function
		Utility	$393	347	277	283	368	288
		Debt Service	90	96	101	117	118	121
		Transportation	148	141	121	105	146	139
		General Government	95	97	93	97	89	91
		Public Safety	379	382	353	370	328	300
		Other	255	293	259	234	203	198
		Total	$1,360	1,356	1,204	1,206	1,252	1,137

	Per Capita Expenditures by Object
		Salaries & Wages	$700	669	627	623	610	578
		Capital Outlay	133	129	68	81	203	91
		Other Operating	527	558	509	502	439	468
		Total	$1,360	1,356	1,204	1,206	1,252	1,137

	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
		Number of Municipalites in Group	41	38	34	32	32	30
		Average Population In Group	19,477	20,391	20,926	20,968	20,289	20,607
		City of Asheboro Population	24,827	23,940	23,729	23,219	22,947	22,709
	Group Average Per Capita Revenues by Source
		Property Tax	408	403	387	370	362	348
		Utility	280	312	308	307	290	277
		Sales Tax	135	158	158	150	144	135
		Sales & Services	65	72	64	62	58	56
		Intergovernmental	150	154	143	153	156	150
		Debt Proceeds	180	248	156	73	149	117
		Other Miscellaneous	98	126	151	122	112	81
		Total	1,316	1,473	1,367	1,237	1,271	1,164

	Group Average Per Capita Expenditures by Function
		Utility	292	270	291	263	266	257
		Debt Service	140	137	126	136	127	128
		Transportation	145	128	125	129	127	114
		General Government	145	230	140	145	144	136
		Public Safety	325	327	320	313	305	291
		Other	234	252	260	228	222	212
		Total	1,281	1,344	1,262	1,214	1,191	1,138

	Group Average Per Capita Expenditures by Object
		Salaries & Wages	448	455	445	434	425	405
		Capital Outlay	261	292	247	214	242	199
		Other Operating	572	597	570	566	524	534
		Total	1,281	1,344	1,262	1,214	1,191	1,138


General Fund Go to top of page			2009	2008	2007	2006	2005	2004
	General Fund revenues		$21,369,850	21,568,281	19,620,405	18,865,116	18,325,001	16,828,409
	General Fund expenditures		20,458,573	21,168,510	19,133,618	18,660,250	17,107,761	16,006,143
	Operating transfers in		165,616	406,830	1,800,000	-	-	-
	Operating transfers out		1,290,591	785,509	164,467	191,806	100,902	140,815
	Capital leases and installment purchase proceeds		-	-	-	693,017	52,765	473,658
	Other items		-	28,666	4,515	35,570	-	43,523
	Excess of revenues and other sources over (under) expenditures and other uses		(213,698)	49,758	2,126,835	741,647	1,169,103	1,198,632

	Fund balance available (FBA):
		In dollars	$8,125,991	7,604,555	6,287,576	5,382,922	5,513,108	3,997,141
		FBA as a % of GF Net Expenditures:
		Unit's FBA %	37.36	34.64	32.58	29.64	32.14	25.50
		Group weighted average FBA %	41.08	43.40	40.44	38.05	37.21	36.30
		State weighted average Non-Electric Group	37.77	36.63	37.38	37.38	36.82	36.42
		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

	Combined financial results:
		Working capital	$9,784,350	9,455,308	9,177,247	8,673,212	7,397,309	5,359,481
		Quick ratio	4.74	3.81	2.98	3.95	3.86	3.05
		Net income	2,065,752	1,811,479	560,629	2,772,782	1,391,164	258,499
		Cashflow from operations	3,143,563	3,890,981	3,677,576	2,541,011	3,554,020	1,910,746
		Depreciation & Amortization Expense	1,517,887	1,446,701	1,340,188	1,286,376	1,340,089	1,355,206



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

		Population at July 1st of the Previous Year	24,827	23,940	23,729	23,219	22,947	22,709
		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
		Cash &Investments	$19,237,902	19,497,057	29,711,276	17,063,605	15,546,777	11,704,170
		Investment Earnings	387,646	867,639	1,007,829	720,074	300,233	124,850
		Tax Rate Equivalent	0.0186	0.0421	0.0543	0.0393	0.0169	0.0071
		Tax Rate Equivalent Group weighted average	0.0262	0.0393	0.0523	0.0385	0.0208	0.0095
		Tax Rate Equivalent Statewide weighted average	0.0133	0.0524	0.0920	0.0573	0.0415	0.0340
		Latest year of Revaluation		2007	2001	2001	2001	2001
		January 1, Prior Year Assessed Valuation	$2,081,585,250	2,061,985,336	1,855,649,116	1,831,328,375	1,777,383,051	1,762,839,021
		Tax Rate	0.5500	0.5500	0.5500	0.5500	0.5500	0.5000
		Tax Rate Group weighted average	0.4335	0.4564	0.4754	0.4663	0.4680	0.4734
		Tax Rate State Wide	0.4267	0.4243	0.4452	0.4321	0.4448	0.4566
		Assessment -to-Sales Ratio	92.43	96.76	86.18	88.20	89.08	90.01
		Assessment -to-Sales Ratio Group weighted average	92.44	89.99	90.63	93.35	94.44	95.74
		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	$2,252,066,699	2,131,030,732	2,153,224,781	2,076,336,026	1,995,266,110	1,958,492,413
		EffectiveTax Rate	0.5084	0.5322	0.4740	0.4851	0.4899	0.4501
		Group weighted average Effective Tax Rate	0.4007	0.4107	0.4309	0.4353	0.4419	0.4533
		Statewide weighted average Effective Tax Rate	0.3875	0.3756	0.3936	0.3987	0.4108	0.4209
		Percent Collected	97.69	98.38	98.43	98.43	98.47	97.64
		Percent Collected Group weighted average	97.32	97.39	97.23	97.48	97.36	96.78
		Percent Collected Statewide	97.78	97.64	97.59	97.55	97.42	97.31
		Percent Collected Excluding Motor Vehicles	98.52	99.44	99.55	99.65	99.63	98.63
		Percent Collected Excluding Motor Vehicles Group weighted average	97.92	98.34	98.30	98.54	98.42	97.92
		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	86.96	85.62	85.74	85.16	85.64	87.27
		Percent Collected Motor Vehicles Only Group weighted average	87.27	87.09	86.15	87.32	86.80	87.01
		Percent Collected Motor Vehicles Only Statewide weighted average	86.66	86.74	86.71	86.80	87.31	87.46
		Tax Uncollected	109,435	183,411	160,437	157,832	150,837	209,257
		Tax Rate Equivalent	0.0053	0.0089	0.0086	0.0086	0.0085	0.0119
		Dominant County: Randolph
	Debt Information
		Population Group	10,000 to 24,999	10,000 to 24,999	10,000 to 24,999	10,000 to 24,999	10,000 to 24,999	10,000 to 24,999
		Ratings:
		Fitch
		Moody's	A2	A2	A2	A2	A2	A2
		S & P	A+	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	$4,442,508	5,393,517	6,353,456	7,331,254	8,215,000	9,245,000
		General Government GO Debt	532,492	646,483	761,544	878,746	875,000	975,000
		Total General Obligation Debt	4,975,000	6,040,000	7,115,000	8,210,000	9,090,000	10,220,000
		Per Capita	$200	252	300	354	396	450
		Total Per Capita for the Population Group	130	153	166	163	190	219
		Total Per Capita Statewide	455	456	478	495	505	548
		Total per Assessed Valuation Adjusted for Current Year Sales	0.2209%	0.2834%	0.3304%	0.3954%	0.4556%	0.5218%
		Total per Assessed Valuation Adjusted for Current Year Sales- Group Average	0.1320%	0.1585%	0.1868%	0.1912%	0.2303%	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

		Installment Sales Purchases and Lease Obligations
		--Enterprise	$470,895	526,713	579,405	629,305	676,484	721,090
		--General Government	208,596	338,792	462,264	600,644	773,468	937,823
		Total*	$679,491	865,505	1,041,668	1,229,949	1,449,952	1,658,912
		* The total only includes the contracts that require Local Government Commission approval.
		Revenue Bond Debt	$3,970,389	4,343,538	4,716,687	5,089,837	5,462,986	3,250,000


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		24,827	23,940	23,729	23,219	22,947	22,709

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	37,898,270	40,303,518	13,954,998	12,955,409	14,282,425	12,583,633
1.5B	FISCAL	Governmental Activities Liabilities	4,493,421	5,218,750	2,236,953	3,401,850	5,194,432	4,794,134
3.5A	SUMMARY	Business Type Activities Assets	59,437,674	58,699,226	11,420,604	56,616,904	56,179,312	50,213,851
3.5B		Business Type Activities Liabilties	14,458,356	15,785,660	14,991,694	16,075,451	18,410,636	13,836,339
6.5A		Fiduciary Funds Assets
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	11,316,668	11,002,628	9,957,417	9,792,285	9,602,532	8,580,409
11	TAX	Current collection of special tax districts
12	REVENUES	Prior years' levy collections	169,917	142,618	130,453	144,647	172,232	146,614
13		Penalties and interest	44,420	44,901	37,834	40,145	41,654	36,362
14		Collection of taxes previously written off
15		Animal tax	560	625	675	1,000	685	750
15.1		Solid Waste Disposal Tax	11,142
16		1% Local government sales and use tax	1,237,088	1,305,008	1,265,810	1,206,488	1,326,714	1,221,261
17		1/2% Local government sales and use taxes (Article 40)	972,349	1,088,871	1,061,235	958,205	820,913	792,943
18		1/2% Local government sales and use taxes (Article 42)	965,862	1,083,159	1,055,726	953,755	816,486	787,555
18.5		1/2% Local government sales and use taxes (Article 44)	363,044	754,996	739,545	694,016	652,387	619,845
19		Licenses Privilege						244,562
19.1		Privilege - Occupational & business licensing & permit taxes	276,475	283,545	279,408	274,792	257,079
19.2		Privilege -- All other privileges and pemits
20		General Municipal Vehicle Tax
21		Vehicle Tax for Public Transportation
22		Other licenses - Include CATV	25,303	25,515	165,335	155,713	128,777	123,799
23		Local occupancy tax
24		Prepared food tax
25		911 charges
26		Gross Receipts Tax on Short Term Vehicles Leases	22,166	19,048	20,725	20,896	23,349	20,149
27	FEDERAL	FEDERAL Payment in lieu of taxes
28	INTERGOV	Equitable sharing of Federally forfeited property	79,727
29	REVENUES	General government
30		Public safety	5,712	130,543	74,904	69,739	42,639	47,582
31		Transportation - Streets
32		Transportation - All other	24,200	287,019	252,534		198,021	794,834
33		Utility franchise tax
34		Housing/community development
35		All Other	750,000					156,826
36		Human services: Health, mental health, hospitals
37		All other
38		Culture and recreation
39	STATE	State Payment in Lieu of Taxes
40	INTERGOV	Controlled substance tax	37,800
41	REVENUES	Intangibles tax reimbursement + Transistional Hold Harmless Revenues	430,458	123,514	131,024	188,390	263,639	263,639
42		Wireless Enhanced 911 Service Charges
43		Piped Natural Gas Charge Distribution
44		Utility franchise tax	2,091,430	2,078,291	1,749,712	1,659,199	1,651,726	1,615,343
45		Beer and Wine tax	72,368
46		Powell Bill	694,070	771,217	679,297	687,555	685,865	618,161
47		Food stamp purchases tax reimbursement
48		Inventories tax reimbursements
49		Senior Citizens Exemption - 50%
50		Court fees - Facilities and arrest fees	24,778	22,851	18,153	10,627	15,814	16,356
51		General Government						3,000
52		Public safety			35,345			4,825
53		Transportation - Streets					942,590	61,634
54		Transportation - All other		152,887
55		Environmental protection
56		Econ. & Phys. Dev. - Housing/Comm. Dev.					100,000
57		Econ. & Phys. Dev. - All Other	199,000
58		Human Services: Health, mental health, hospitals
59		All Other
60		Culture and recreation			100,000
61	LOCAL	LOCAL Payment in lieu of taxes	19,604	15,552	9,305	7,359	7,160	10,440
62	INTERGOV	General government			15,750
63	REVENUES	Public safety	303,267	883				125,505
64		Transportatin - Streets
65		Transportation - All other
66		Environmental protection
67		Economic and physical development		125,000
68		Human Services: Health, Mental Health & Hosp
69		Human Services: All Other	7,590
70		Culture and recreation		50,000
71	PERMITS	Building permits	48,954	88,293	114,232	92,367	91,757	94,087
72	& FEES	Inspection fees	30,600	52,442	43,450	47,000	45,820	45,878
72.1		Amusements licensing and permit taxes
73		Other permits	23,866	39,408	44,383	48,857	47,977	42,647
74	SALES &	Parking revenues
75	SERVICES	Rents and royalties	88,612	111,045	89,554	66,294	63,756	72,975
76		Airport	5,676		4,040			4,520
77		Fire protection charges						855
78		Solid waste	1,024,087	1,015,480	838,317	780,234	798,774	793,490
79		Ambulance and rescue squad charges
80		Cemeteries	3,000	2,000	17,700	39,500	37,500	27,210
81		Recreation service revenues	382,829	413,118	408,625	343,681	352,854	371,989
82		Library service revenues
83		Other cultural and recreational service revenues
84		Mass transit - city operated
85		Other sales and services	28,493	35,722	30,602	25,897	24,848
86	UTILITY	Water and sewer charges	10,530,348	11,370,356	10,035,361	9,158,914	9,105,183	8,278,250
87	REVENUES	Electric charges
88		Gas charges
88.1		Storm Water Fees
89	MISC.	On bond proceeds
90	REVENUES	On general and all other funds	387,646	867,639	1,007,829	720,074	300,233	124,850
91		Special assessments
92		Private contribution and donations
93		Sales of materials and fixed assets	5,391	48,829	4,930	41,996	1,049	45,781
94		Sales of real property						26,000
95		Nongovernment contributions for streets and traffic signals
96		Mixed drink surcharge
97		ABC profit distribution	30,000
98		Other miscellaneous revenues	512,180	477,269	580,745	579,134	351,417	168,835
99		Proceeds of the sale of bonds and notes	163,994					72,000
100		Proceeds of capital leases and installment purchases				682,180	52,765	401,658
101		Other			4,515	1,948,888	2,870,980
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						17,557
106		Deposits other than utility						30,308
107		Prepaid taxes						-1,479
108		Prepaid privilege licenses						-45,604
109A	PART 4	Governing body - Salaries	82,717	69,861	61,400	72,918	71,840	71,355
109B	GENERAL	Governing body - All other Direct	71,275	40,330	53,090	54,512	40,184	52,806
109C	GOVT	Governing body - Construction
109D		Governing body - Land, Equipment and Existing Structures		10,676
110A		Administration - Salaries	119,971	111,013	105,645	105,425	97,137	96,195
110B		Administration - All other Direct	44,136	45,655	44,289	45,225	35,825	37,847
110C		Administration - Construction
110D		Administration - Land, Equipment and Existing Structures
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	165,666	160,027	229,244	259,812	249,274	243,768
112B		Finance - All other Direct	84,559	59,924	61,330	126,247	55,510	57,590
112C		Finance - Construction
112D		Finance - Land, Equipment. and Existing Structures	6,731				1,842
113A		Taxes - Salaries
113B		Taxes - All other Direct	203,543	189,548	152,146	130,791	186,366	149,446
113C		Taxes - Construction
113D		Taxes - Land, Equipment, and Existing Structures
114A		Legal - Salaries	112,178	120,810	121,512	116,546	98,936	63,322
114B		Legal - All other Direct	23,944	21,619	15,769	14,811	15,139	15,255
114C		Legal - Construction
114D		Legal - Land, Equipment, and Existing Structures
115A		Public Buildings - Salaries					784	49,520
115B		Public Buildings - All other Direct	84,800	69,393	58,397	89,213	55,876
115C		Public Buildings - Construction
115D		Public Buildings - Land, Equipment, and Existing Structures			2,139		1,008	101,795
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	629,822	582,846	557,014	533,900	524,548	486,299
117B		Central Facilities - All other Direct	151,543	177,421	235,532	145,180	124,750	106,202
117C		Central Facilites - Construction
117D		Central Facilites - Land, Equipment, and Existing Structures	20,337	20,681	308	5,044		6,923
118A		General Government All Other - Salaries	228,807	363,609	321,331	374,082	366,307	363,791
118B		General Government All Other - All other Direct	324,091	276,761	207,981	167,387	120,086	139,863
118C		General Government All Other - Construction
118D		General Government All Other - Land, Equipment, and Existing Structures	6,731	5,841	9,842	7,635	7,213	15,258
119A	PUBLIC	Police and Communications - Salaries	4,702,475	4,332,816	4,046,746	3,791,670	3,715,820	3,177,526
119B	SAFETY	Police and Communications - All other Direct	683,118	983,287	1,002,509	952,811	645,193	555,355
119C		Police and Communications - Construction
119D		Police and Communications - Land, Equipment and Existing Structures	82,303	255,432	212,329	766,230	143,771	142,238
120A		Emergency Communications - Salaries
120B		Emergency Communications - All other Direct						143,000
120C		Emergency Communications - Construction
120D		Emergency Communications - Land, Equipment and Existing Structures
121A		Emergency Management - Salaries
121B		Emergency Management - All other Direct
121C		Emergency Managment - Construction
121D		Emergency Management - Land, Equipment, and Existing Structures
122A		Fire - Salaries	2,799,782	2,605,856	2,398,957	2,385,911	2,201,977	2,068,407
122B		Fire - All other Direct	492,069	365,919	368,256	366,717	347,331	296,510
122C		Fire - Construction
122D		Fire - Land, Equipment, and Existing Structures	175,695	289,642	40,156	34,628	64,815	36,971
123A		Inspectors - Salaries	201,987	187,920	184,232	168,074	168,716	162,846
123B		Inspectors - All other Direct	12,902	16,386	17,824	13,637	11,183	11,295
123C		Inspectors - Construction
123D		Inspectors - Land, Equipment, and Existing Structures						14,523
124A		Rescue Units - Salaries
124B		Rescue Units - All other Direct
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
126C		Public Safety All Other - Construction
126D		Public Safety All Other - Land, Equipment, and Existing Structures
127A	TRANSPOR	Traffic Engineering - Salaries						297,621
127B	TATION	Traffic Engineering - All other Direct						181,043
127C		Traffic Engineering - Construction
127D		Traffic Engineering - Land, Equipment, and Existing Structures						8,752
128A		Streets and Highways - Salaries	834,513	767,874	730,127	654,804	651,056	640,218
128B		Streets and Highways - All other Direct	1,040,556	992,897	869,284	751,912	692,778	586,785
128C		Streets and Highways - Construction
128D		Streets and Highways - Land, Equipment and Existing Structures	92,665	421,968	215,911	249,435	201,531	269,256
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	70,191	49,314	72,404	67,632	39,929	33,248
134C		Airport - Construction
134D		Airport - Land, Equipment, and Existing Structures		328,523	222,955		1,138,672	970,403
135A		Transportation - All Other - Salaries	533,358	500,866	466,303	465,788	404,338	134,283
135B		Transportation - All Other - All other Direct	268,636	308,271	252,306	243,398	192,563	27,055
135C		Transportation - All Other - Construction	835,786
135D		Transportation - All Other - Land, Equipment, and Existing Structures	6,192	5,705	35,348		31,374	5,490
136A	ENVIRON	Solid Waste - Salaries	802,377	752,705	705,082	712,397	658,953	681,744
136B	MENTAL	Solid Waste - All other Direct	1,294,399	1,452,484	1,147,522	1,172,355	1,050,961	1,032,852
136C	PROTECTION	Solid Waste - Construction
136D		Solid Waste - Land, Equipment, and Existing Structures	24,600	516,692	53,739	215,070	65,927	160,545
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
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	412,438	378,864	344,452	345,883	330,122	273,408
140B	& PHYSICAL	Planning and Zoning - All other Direct	22,765	56,793	54,068	26,503	30,038	35,581
140C	DEVELOP	Planning and Zoning - Construction
140D		Planning and Zoning - Land, Equipment, and Existing Structures
141A		Economic Development - Salaries
141B		Economic Development - All other Direct	831,357	726,572	754,337	155,773	227,914	129,602
141C		Economic Development - Construction
141D		Economic Development - Land, Equipment, and Existing Structures			201,619	396,822	14,894
142A		Community Development - Salaries
142B		Community Development - All other Direct	987	23,526				92,441
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	1,643,053	1,542,718	1,422,082	1,345,385	455,461	355,385
153B	RECREATION	Recreation and Parks - All other Direct	811,141	919,068	999,132	803,260	468,436	401,983
153C		Recreation and Parks - Construction
153D		Recreation and Parks - Land, Equipment, and Existing Structures	366,475	403,209	335,241	103,503	181,471	40,668
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	109,378	96,581	122,339	119,376	71,085	72,685
156C		Libraries - Construction
156D		Libraries - Land, Equipment, and Existing Structures		140,576		30,843	900	900
157A		Culture and Recreation - All Other - Salaries					869,312	927,558
157B		Human Services - All Other - All other Direct					196,383	224,766
157C		Human Services - All Other - Construction
157D		Human Services - All Other - Land, Equipment, and Existing Structures					35,020	77,252
158A	UTILITY	Water and Sewer - Salaries	4,117,616	3,540,269	3,191,306	3,138,753	3,138,491	3,025,024
158B		Water and Sewer - All other Direct	3,955,044	4,092,214	3,091,381	3,359,366	2,529,515	3,284,036
158C		Water and Sewer - Construction	1,295,111					109,548
158D		Water and Sewer - Land, Equipment, and Existing Structures	377,330	684,024	279,384	81,791	2,770,434	114,357
159A		Electric Power - Salaries
159B		Electric Power - All other Direct
159C		Electric Power - Construction
159D		Electric Power - Land, Equipment, and Existing Structures
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	307,682	353,124	1,758,965	2,137,061	611,423	673,883
161D	SERVICE	Water and Sewer - Debt Service Principal Payments	1,324,158	1,333,088			1,340,341	1,354,270
162B		Electric - Debt Service Interest Payments
162D		Electric - Debt Service Principal Payments
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	78,162	105,377	629,909	590,154	154,060	179,216
166D		All Other - Debt Service Principal Payments	521,939	501,957			610,978	545,350
167B	PENSION	Direct Benefit Program - Pension Fund operated by the Unit
168B	FRINGE	Fringe Benefits Unallocated - (B)
169B		Separation Allowance - Law Enforcement Officers -(B)	96,092				89,208	89,681
170B		Separation Allowance - Other Employees - (B)
171B		Supplemental Retirement Income Plan for Law Enforcement Officers - (B)	169,440	115,430	105,636	106,740	129,722	116,361
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	10,857,963	10,418,299	9,376,267	9,197,752	9,030,114	8,099,056
180	OTHER	Current Year Levy Motor Vehicles Only	838,528	870,768	830,846	848,353	817,903	773,431
181	DATA	Uncollected Taxes - Current Year's Levy - Excluding Motor Vehicles	161,090	58,198	41,965	31,936	33,408	110,774
182		Uncollected Taxes - Current Year's Levy - Motor Vehicles	109,337	125,213	118,472	125,896	117,429	98,483
183		Percentage of Taxes Collected - Current Year All Property	97.69	98.38	98.43	98.43	98.47	97.64
184		Percentage of Taxes Collected - Current Year - Excluding Motor Vehicles	98.52	99.44	99.55	99.65	99.63	98.63
185		Percentage of Taxes Collected - Current Year - Motor Vehicles	86.96	85.62	85.74	85.16	85.64	87.27
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						597,122
189C	INVEST	Cash on Hand and in Bank, and Securities - All Other	19,237,902	19,497,057	29,711,276	17,063,605	15,546,777	11,704,170
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	36,245,852	34,030,272	33,683,765	31,439,827	32,484,217	27,034,234
194B	FISCAL	Amounts - Subtract proceeds of refunding debt
194C	SUMMARY	Amounts - Subtract interfund transfers in	2,835,178		2,679,295		589,042	170,815
194D		Amounts - Net Revenues per AFIR	33,410,674	34,030,272	31,004,470	31,439,827	31,895,175	26,863,419
		Calculated amount	33,410,674	34,030,272	31,004,470	31,439,827	31,895,175	26,863,419
		Amounts in AGREEMENT??	Yes	Yes	Yes	Yes	Yes	Yes
		Difference
195A		Amounts - Total Expenditures and other financing sources per audit	36,589,801	32,473,962	31,248,105	28,002,410	29,323,763	25,989,971
195B		Amounts - Subtract payments to refunding debt escrow agent
195C		Amounts - Subtract interfund transfers out	2,835,178		2,679,295		589,042	170,815
195D		Amounts Net Expenditures per AFIR	33,754,623	32,473,962	28,568,810	28,002,410	28,734,721	25,819,156
		Calculated amount	33,754,623	32,473,962	28,568,810	28,002,410	28,734,721	25,819,156
		Amounts in AGREEMENT??	Yes	Yes	Yes	Yes	Yes	Yes
		Difference

	PART 10

950		Name of Official Signatory	Deborah P Reaves (Debbie)
951		Title of Official	Finance Director
952		Date Certified	12/04/2009	12/05/2008	11/08/2007
953		Person to Contact	Deborah P Reaves (Debbie)
954		Title of Person to Contact	Finance Director
955		Telephone Number	336-626-1201 ext 247
956		Facsimile Number	336-626-1218

Go to top of page Key Ratios and Operations Statistics of Water and Sewer Systems for
City of Asheboro

	2009	2008	2007	2006	2005	2004

Population	24,827	23,940	23,729	23,219	22,947	22,709
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	$0	0	0	0	0	0
Total Operating Revenues Per Capita	$0	0	0	0	0	0
Group Weighted Average Revenues Per Capita	0	27	15	31	8	0
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	#DIV/0!	81.68%	84.69%	127.82%	0.00%	#DIV/0!
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	#DIV/0!	18.32%	15.31%	-27.82%	100.00%	#DIV/0!
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	#DIV/0!	-6.46%	0.00%	-8.29%	0.00%	#DIV/0!
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	#DIV/0!	358.71%	634.58%	212.07%	1026.66%	#DIV/0!
State Weighted Average	968.20%	480.53%	1193.75%	778.98%	531.01%	2097.68%

Key Ratios and Cash Flow

Quick Ratio	4.74	3.81	2.98	3.95	3.86	3.05
Group Weighted Average	3.11	3.21	3.22	3.18	3.04	3.26
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	0.0
Group Weighted Average	#DIV/0!	31.7	49.3	46.0	135.5	0.0
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	-1,878.4	0.0
Group Weighted Average	-170.8	-186.5	-4.7	-105.1	-260.4	-92.5
State Weighted Average	-46.5	-344.5	-221.9	-343.5	-346.7	-208.8

Cash flow from Operations	$3,143,563	3,890,981	3,677,576	2,541,011	3,554,020	1,910,746

Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.00
Group Weighted Average	#DIV/0!	2.28	12.23	1.96	1.22	#DIV/0!
State Weighted Average	27.79	3.77	5.74	3.82	2.36	3.93

Debt per Capita	0	604	0	0	627	0
Group Weighted Average	77	325	217	295	220	58
State Weighted Average	754	535	335	660	675	266

Capital Expenditures:	2009	2008	2007	2006	2005	2004
	$1,672,441	684,024	279,384	81,791	2,770,434	223,905

	2003	2002	2001	2000
	$150,415	399,582	784,067	935,772

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


Operating Statistics

Estimated population of the areas served Water	0	0	23,000	NA	NA	NA
Estimated population of the areas served Sewer	0	0	23,000	NA	NA	NA

Number of Gallons of Water Processed (000) omitted	227,322,195	1,818,098	1,842,107	NA	NA	NA
Number of Gallons of Sewage Processed (000) omitted	185,492,902	1,335,994	1,471,041	NA	NA	NA

Number of Gallons of Water Billed (000) omitted	1,259,400,763	1,388,406	1,311,900	NA	NA	NA
Number of Gallons of Sewage Billed (000) omitted	940,513,829	1,028,456	1,073,896	NA	NA	NA

Ratio of Water Billed to Water Processed	5.54016	0.76366	0.71217	NA	NA	NA
Ratio of Sewage Billed to Sewage Processed	5.07035	0.76981	0.73002	NA	NA	NA

Total Revenue from Water Sales	5,822,017	6,370,100	5,595,206	NA	NA	NA
Total Revenue from Sewage Sales	4,151,151	4,406,408	4,070,469	NA	NA	NA

Water Revenue per 1000 gallons of Sales			243.26983	NA	NA	NA
Sewage Revenue per 1000 gallons of Sales			176.97691	NA	NA	NA

Group Average Sales per thousand Gallons Water	$43.89276	$8,202.96943	$14,778.61260	NA	NA	NA
Group Average Sales per thousand Gallons Sewage	$61.27470	$6,820.24527	$15,323.42368	NA	NA	NA

State Average Sales per thousand Gallons Water	$28.47236	$12,972.02948	$5,350.70834	NA	NA	NA
State Average Sales per thousand Gallons Sewage	$41.46915	$10,319.10819	$3,921.08643	NA	NA	NA

Residential Water Sales per thousand Gallons	$0.00573	5.52085	38.20874	NA	NA	NA
Residential Sewage Sales per thousand Gallons	$0.00514	5.11892	35.31377	NA	NA	NA

Water Sales per thousand Gallons outside Municipal Limits			41.06185	NA	NA	NA
Sewage Sales per thousand Gallons outside Municipal Limits			62.68945	NA	NA	NA

Total Water Sales per thousand gallons for Redistribution	$0.00000	0.00000	447,067.00000	NA	NA	NA
Total Sewage Sales per thousand gallons for Redistribution	$0.00000	0.00000	0.00000	NA	NA	NA

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 %	32.14%	29.64%	32.58%	34.64%	37.36%
Group average FBA %	37.21%	38.05%	40.44%	43.40%	41.08%
State average Electric/Non Electric Group FBA %	36.82%	37.38%	37.38%	36.63%	37.77%
State average FBA %	36.78%	36.96%	37.21%	36.34%	37.00%

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

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2005 2006 2007 2008 2009

Municipality 98.47% 98.43% 98.43% 98.38% 97.69%

Pop. Group 97.36% 97.48% 97.23% 97.39% 97.32%

Statewide 97.42% 97.55% 97.59% 97.64% 97.78%

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

	2005	2006	2007	2008	2009
Municipality	98.47%	98.43%	98.43%	98.38%	97.69%
Pop. Group	97.36%	97.48%	97.23%	97.39%	97.32%
Statewide	97.42%	97.55%	97.59%	97.64%	97.78%

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

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2005 2006 2007 2008 2009

Municipality 396 354 300 252 200

Pop. Group 190 163 166 153 130

Statewide 505 495 478 456 455

Municipal Population Group: 10,000 to 24,999

	2005	2006	2007	2008	2009
Municipality	396	354	300	252	200
Pop. Group	190	163	166	153	130
Statewide	505	495	478	456	455

Municipal Population Group: 10,000 to 24,999

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2005 2006 2007 2008 2009

Property Tax $428 430 427 467 464

Utility 397 394 423 475 424

Sales Tax 157 165 173 177 142

Sales & Services 56 54 59 66 62

Intergovernmental 170 113 129 157 191

Debt Proceeds 2 29 0 0 7

Other Miscellaneous 180 169 96 79 55

Total $1,390 1,354 1,307 1,421 1,345

	2005	2006	2007	2008	2009
Property Tax	$428	430	427	467	464
Utility	397	394	423	475	424
Sales Tax	157	165	173	177	142
Sales & Services	56	54	59	66	62
Intergovernmental	170	113	129	157	191
Debt Proceeds	2	29	0	0	7
Other Miscellaneous	180	169	96	79	55
Total	$1,390	1,354	1,307	1,421	1,345

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2009
2009

Category Revenue
Per Capita

Property Tax $11,531,005
$464

Water/Sewer 10,530,348
424

Electric 0
0

Other Utilities 0
0

Sales Tax 3,538,343
142

Sales & Services 1,532,697
62

Intergovernment 4,740,004
191

Debt Proceeds 163,994
7

Miscellaneous 1,363,141
55

Total $33,399,532
$1,345

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

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2009
2009

Category Expenditures
Per Capita

General Government $2,360,851
$95

Water/Sewer 9,745,101
393

Electric 0
0

Other Utilities 0
0

Debt Service 2,231,941
90

Transportation 3,681,897
148

Public Safety 9,415,863
379

Other 6,318,970
255

Total $33,754,623
$1,360

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

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2009
2009

Category Expenditures
Per Capita

Salaries & Wages $17,386,760
$700

Water/Sewer Capital 1,672,441
67

Electric Capital 0
0

Other Capital 1,617,515
65

Other Operating 13,077,907
527

Total $33,754,623
$1,360

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

Last Updated 6/11/2010 9:20:19 AM



	2009	2009
Category	Revenue	Per Capita
Property Tax	$11,531,005	$464
Water/Sewer	10,530,348	424
Electric	0	0
Other Utilities	0	0
Sales Tax	3,538,343	142
Sales & Services	1,532,697	62
Intergovernment	4,740,004	191
Debt Proceeds	163,994	7
Miscellaneous	1,363,141	55
Total	$33,399,532	$1,345

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

North CarolinaDepartment of State TreasurerFinancial InformationCity of Asheboro

Financial Graphs and Comparisons

North Carolina
Department of State Treasurer
Financial Information
City of Asheboro