North Carolina
Department of State Treasurer
Financial Information
City of Belmont

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			2010	2009	2008	2007	2006	2005
	Revenues by Source
		Property Tax	$5,095,317	4,865,087	4,638,528	3,774,457	3,090,498	2,945,610
		Utility	2,384,297	3,759,730	4,153,826	4,294,208	3,774,704	3,087,589
		Sales Tax	1,147,485	1,379,848	1,369,175	1,281,532	1,377,032	1,276,217
		Sales & Services	148,040	205,211	173,781	186,469	132,976	126,490
		Intergovernmental	1,140,465	3,315,590	1,943,039	1,747,552	1,577,457	1,611,296
		Debt Proceeds	-	-	-	-	-	-
		Other Miscellaneous	4,140,944	711,235	577,339	814,139	633,402	887,342
		Total	$14,056,548	14,236,701	12,855,688	12,098,357	10,586,069	9,934,544

	Expenditures by Function
		Utility	$5,714,032	3,849,419	5,956,154	4,154,961	3,312,404	3,335,744
		Debt Service	1,454,245	1,243,998	549,756	769,654	1,159,639	1,194,100
		Transportation	1,991,180	900,505	2,030,812	1,692,343	1,098,290	866,679
		General Government	856,398	885,501	871,680	721,247	674,264	1,158,005
		Public Safety	3,838,059	4,491,353	4,143,438	3,849,790	3,162,340	4,545,254
		Other	2,208,465	1,642,440	1,855,089	1,688,550	1,444,652	1,376,623
		Total	$16,062,379	13,013,216	15,406,929	12,876,545	10,851,589	12,476,405

	Expenditures by Object
		Salaries & Wages	$6,015,682	4,868,259	5,092,868	4,745,819	3,867,513	3,424,317
		Capital Outlay	2,781,922	1,914,633	3,174,306	1,769,916	1,431,737	3,051,337
		Other Operating + Debt Service	7,264,775	6,230,324	7,139,755	6,360,810	5,552,339	6,000,751
		Total	$16,062,379	13,013,216	15,406,929	12,876,545	10,851,589	12,476,405


	Per Capita Revenues by Source
		Property Tax	$487	474	468	399	338	331
		Utility	228	366	419	453	412	347
		Sales Tax	110	135	137	135	151	144
		Sales & Services	14	20	18	20	15	14
		Intergovernmental	109	323	196	185	172	181
		Debt Proceeds	-	-	-	-	-	-
		Other Miscellaneous	396	69	58	86	69	100
		Total	$1,344	1,387	1,296	1,278	1,157	1,117

	Per Capita Expenditures by Function
		Utility	$546	375	600	439	362	375
		Debt Service	139	121	55	81	127	134
		Transportation	190	88	205	179	120	97
		General Government	82	86	88	76	74	130
		Public Safety	367	438	418	407	345	511
		Other	211	160	187	178	158	155
		Total	$1,535	1,268	1,553	1,360	1,186	1,402

	Per Capita Expenditures by Object
		Salaries & Wages	$575	474	513	501	423	385
		Capital Outlay	266	187	320	187	156	343
		Other Operating	694	607	720	672	607	674
		Total	$1,535	1,268	1,553	1,360	1,186	1,402

	Population Group		No Electric 10,000 to 49,999	No Electric 10,000 to 49,999	No Electric 2,500 to 9,999	No Electric 2,500 to 9,999	No Electric 2,500 to 9,999	No Electric 2,500 to 9,999
		Number of Municipalites in Group	42	41	120	124	123	120
		Average Population In Group	19,501	19,477	4,793	4,727	4,663	4,600
		City of Belmont Population	10,461	10,264	9,921	9,470	9,153	8,897
	Group Average Per Capita Revenues by Source
		Property Tax	427	408	336	310	306	296
		Utility	300	285	313	317	332	313
		Sales Tax	122	135	160	159	152	147
		Sales & Services	61	60	78	76	71	66
		Intergovernmental	149	146	175	172	159	163
		Debt Proceeds	83	80	111	24	28	35
		Other Miscellaneous	94	194	179	229	189	134
		Total	1,236	1,308	1,352	1,287	1,237	1,154

	Group Average Per Capita Expenditures by Function
		Utility	257	292	370	332	305	290
		Debt Service	141	140	102	96	98	101
		Transportation	113	141	110	111	111	105
		General Government	150	144	168	159	156	157
		Public Safety	341	329	319	310	281	268
		Other	235	235	230	235	209	215
		Total	1,237	1,281	1,299	1,243	1,160	1,136

	Group Average Per Capita Expenditures by Object
		Salaries & Wages	469	458	423	414	398	394
		Capital Outlay	205	271	300	270	224	203
		Other Operating	562	551	576	557	537	535
		Total	1,236	1,280	1,299	1,241	1,159	1,132


General Fund Go to top of page			2010	2009	2008	2007	2006	2005
	General Fund revenues		$7,791,294	8,856,149	8,363,330	7,608,406	6,613,489	6,225,612
	General Fund expenditures		9,421,131	8,493,550	8,527,740	7,505,654	6,755,672	8,343,134
	Operating transfers in		69,975	-	-	45,148	55,480	-
	Operating transfers out		-	100,000	-	200,000	30,000	-
	Capital leases and installment purchase proceeds		1,542,850	-	284,977	252,351	80,270	-
	Other items		-	600,000	-	-	-	-
	Excess of revenues and other sources over (under) expenditures and other uses		(17,012)	862,599	120,567	200,251	(36,433)	(2,117,522)

	Fund balance available (FBA):
		In dollars	$3,345,819	3,311,392	1,636,407	2,269,714	2,123,602	2,295,444
		FBA as a % of GF Net Expenditures:
		Unit's FBA %	42.47	38.53	19.85	30.45	31.67	27.51
		Group weighted average FBA %	44.27	41.08	65.07	64.31	62.32	62.21
		State weighted average Non-Electric Group	39.13	37.89	36.65	37.39	37.38	36.82
		State weighted average FBA %	37.79	37.09	36.34	36.54	36.96	36.78


Enterprise Funds: Go to top of page
	Water/Sewer

	Combined financial results:
		Working capital	$2,230,556	2,694,321	1,712,176	2,577,623	2,504,716	2,010,243
		Quick ratio	3.26	4.55	3.01	4.93	3.87	3.04
		Net income	(373,784)	(90,104)	19,022	392,269	1,026,071	105,719
		Cashflow from operations	693,041	808,129	944,592	1,203,253	1,907,913	764,967
		Depreciation & Amortization Expense	922,600	838,259	830,263	771,894	720,198	728,570



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

		Population at July 1st of the Previous Year	10,461	10,264	9,921	9,470	9,153	8,897
		Population Group	No Electric 10,000 to 49,999	No Electric 10,000 to 49,999	No Electric 2,500 to 9,999	No Electric 2,500 to 9,999	No Electric 2,500 to 9,999	No Electric 2,500 to 9,999
		Cash &Investments	$0	0	0	0	0	0
		Investment Earnings	0	0	0	0	0	0
		Tax Rate Equivalent	0.0000	0.0000	0.0000	0.0000	0.0000	0.0000
		Tax Rate Equivalent Group weighted average	0.0005	0.0014	0.0012	0.0012	0.0003	0.0003
		Tax Rate Equivalent Statewide weighted average	0.0013	0.0034	0.0069	0.0101	0.0080	0.0043
		Latest year of Revaluation	2007	0	2007	2003	2003	2003
		January 1, Prior Year Assessed Valuation	$1,065,207,106	1,039,208,363	959,386,142	757,872,806	665,413,175	633,792,810
		Tax Rate	0.4750	0.4750	0.4750	0.4950	0.4600	0.4600
		Tax Rate Group weighted average	0.4256	0.4335	0.2669	0.3116	0.3191	0.3626
		Tax Rate State Wide	0.4060	0.4262	0.4238	0.4450	0.4321	0.4448
		Assessment -to-Sales Ratio	98.35	93.27	96.87	92.85	97.29	95.55
		Assessment -to-Sales Ratio Group weighted average	98.47	92.44	90.92	83.51	91.52	85.31
		Assessment -to-Sales Ratio Statewide	98.29	90.81	88.53	88.41	92.28	92.35
		Assessed Valuation Adjusted for Assesment to Sales Ratio	$1,083,077,891	1,114,193,592	990,385,199	816,233,501	683,948,170	663,310,110
		EffectiveTax Rate	0.4672	0.4430	0.4601	0.4596	0.4475	0.4395
		Group weighted average Effective Tax Rate	0.4191	0.4007	0.2427	0.2602	0.2921	0.3093
		Statewide weighted average Effective Tax Rate	0.3990	0.3870	0.3752	0.3934	0.3987	0.4108
		Percent Collected	96.6200	95.3600	97.4200	97.7500	97.1700	97.3100
		Percent Collected Group weighted average	97.00	97.15	95.81	96.70	96.72	96.85
		Percent Collected Statewide	97.61	97.36	97.56	97.58	97.55	97.42
		Percent Collected Excluding Motor Vehicles	97.15	95.81	98.15	98.68	98.09	98.13
		Percent Collected Excluding Motor Vehicles Group weighted average	97.66	97.92	98.06	97.99	98.08	97.96
		Percent Collected Excluding Motor Vehicles Statewide weighted average	98.30	98.31	98.65	98.59	98.61	98.36
		Percent Collected Motor Vehicles Only	88.80	89.26	87.87	87.10	87.71	88.43
		Percent Collected Motor Vehicles Only Group weighted average	87.44	87.27	85.75	86.04	86.22	85.87
		Percent Collected Motor Vehicles Only Statewide weighted average	86.89	86.67	86.74	86.71	86.80	87.31
		Tax Uncollected	457,737	536,467	411,975	343,744	325,213	300,246
		Tax Rate Equivalent	0.0430	0.0516	0.0429	0.0454	0.0489	0.0474
		Dominant County: Gaston
	Debt Information
		Population Group	10,000 to 24,999	10,000 to 24,999	5,000 to 9,999	5,000 to 9,999	5,000 to 9,999	5,000 to 9,999
		Ratings:
		Fitch
		Moody's
		S & P

		General Obligation Debt (GO) where the taxing power of the entrire municipality is pledged to pay the obligation
		Enterprise GO Debt	$0	0	0	0	0	0
		General Government GO Debt	0	0	0	0	0	0
		Total General Obligation Debt	0	0	0	0	0	0
		Per Capita	$0	0	0	0	0	0
		Total Per Capita for the Population Group	132	130	71	93	117	131
		Total Per Capita Statewide	449	455	456	478	495	505
		Total per Assessed Valuation Adjusted for Current Year Sales	0.0000%	0.0000%	0.0000%	0.0000%	0.0000%	0.0000%
		Total per Assessed Valuation Adjusted for Current Year Sales- Group Average	0.1377%	0.1320%	0.0577%	0.0861%	0.1199%	0.1450%
		Total per Assessed Valuation Adjusted for Current Year Sales - Statewide	0.4104%	0.3909%	0.4132%	0.4706%	0.5275%	0.5588%
		Total Authorized but not Issued General Obligation Debt	$12,000,000	12,000,000	12,000,000

		Installment Sales Purchases and Lease Obligations
		--Enterprise	$1,975,046	2,308,261	2,638,692	1,392,026	1,910,655	2,423,773
		--General Government	4,794,186	2,332,248	2,541,999	2,750,669	2,958,318	2,565,000
		Total*	$6,769,232	4,640,509	5,180,691	4,142,695	4,868,972	4,988,773
		* The total only includes the contracts that require Local Government Commission approval.
		Revenue Bond Debt	$724,368	869,268	1,014,168	1,159,068	1,303,968	1,448,868


Annual Financial Information Report Detail Go to top of page
Line	Section	Description	2010	2009	2008	2007	2006	2005
	Population at July 1st of the Previous Year Adjusted for Boundry Changes		10,461	10,264	9,921	9,470	9,153	8,897

1.5A	FISCAL	Governmental Activities Assets	14,885,964	13,320,676	11,164,930	10,418,693	9,793,768	10,115,751
1.5B	SUMMARY	Governmental Activities Liabilities	4,684,772	3,204,188	2,991,617	3,048,605	2,747,292	3,017,842
3.5A		Business Type Activities Assets	18,058,413	17,566,566	18,243,831	17,112,752	17,179,143	16,804,520
3.5B		Business Type Activities Liabilties	4,346,415	3,480,784	4,067,945	2,955,888	3,414,548	4,169,184
6.5A		Fiduciary Funds Assets
6.5B		Fiduciary Funds Liabilties
10.0	PART 2	Current Collections of Unit -Wide Levy	4,878,328	4,661,414	4,510,508	3,588,261	2,932,629	2,794,338
11.0	TAX	Current Collections of Special Tax Districts
12.0	REVENUES	Prior Years' Levy Collections	188,615	183,632	106,095	166,396	139,542	131,504
13.0		Penalties and Interest	28,374	20,041	21,925	19,800	18,327	19,768
14.0		Collections of Taxes Previously Written Off
15.0		Animal Tax
15.1		Solid Waste Disposal Tax		4,617
16.0		1% Local Government Option Sales Tax	518,840	542,917	495,971	549,758	554,087	495,205
17.0		1/2% Local Government Option Sales Tax (40)	321,800	326,955	315,318	263,389	288,005	275,316
18.0		1/2% Local Government Option Sales Tax (42)	275,995	324,148	313,027	261,480	285,983	273,007
18.5		1/2% Local Government Option Sales Tax (44)	30,850	185,828	244,859	206,905	248,957	232,689
19.0		Privilege Licenses
19.2		Privilege -- All other privileges and pemits	15,043	15,776	22,433	16,517	9,696	12,379
20.0		Auto Licenses
21.0		Vehicle Tax for Public Transportation	13,704
22.0		Other Licenses		16,798	16,341	56,638	85,793	90,815
23.0		Local Occupancy Tax	58,764	58,241
24.0		Prepared Food Tax
25.0		911 Charges
26.0		Gross Short Term lease and Rental Tax
27.0	FEDERAL	Payments In Lieu of Taxes - Federal		850,403
28.0	INTERGOV	Equitable Sharing of Fed. Forfeited Prop.
29.0	REVENUES	General Government	21,060
30.0		Public Safety	35,966	15,612	13,156	16,385	87,294	219,107
31.0		Transportation - Streets
32.0		Transportation - All Other
33.0		Environmental Protection
34.0		Econ. & Phys. Dev. - Housing/Comm. Dev.
35.0		Econ. & Phys. Dev. - All Other	58,764
36.0		Human Services: Health, Mental Hlt & Hosp
37.0		Human Services: All Other
38.0		Culture & Recreation
39.0	STATE	Payments In Lieu of Taxes - State
40.0	INTERGOV	Unauthorized Substance Tax					12,269	18,240
41.0	REVENUES	Transitional Hold Harmless
42.0		Wireless Enhanced 911 Service Charges
42.1		Emergency Telephone Services Fund (ETSF) Revenues (Do not include interest)
42.2		ETSF Interest Income
43.0		Piped Natural Gas Charge Distribution
44.0		Utility Franchise Tax	672,732	680,711	686,424	617,782	561,366	537,530
45.0		Beer and Wine Tax	14,641	44,555	43,623	41,360	39,298	39,075
46.0		Powell Bill	270,786	299,234	320,409	280,472	281,526	280,108
50.0		Court Fees - Facilities and Arrest Fees
51.0		General Government	21,060	29,047
52.0		Public Safety	21,238	9,531	12,612	10,212	10,041	9,860
53.0		Transportation - Streets
54.0		Transportation - All Other
55.0		Environmental Protection
56.0		Econ. & Phys. Dev. - Housing/Community Dev
57.0		Econ. & Phys. Dev. - All Other
58.0		Human Services -Health, Mental Health, Hosp
59.0		Human Services - All Other
60.0		Culture and Recreation		235,894
61.0	LOCAL	Payments in Lieu of Taxes - Local		850,403	762,824	781,341	585,663	507,376
62.0	INTERGOV	General Government			441
63.0	REVENUES	Public Safety	24,218	300,200	103,550
64.0		Transportation - Streets
65.0		Transportation - All Other
66.0		Environmental Protection
67.0		Economic and Physical Development
68.0		Human Services - Health, Mental Hlt & Hosp
69.0		Human Services - All Other
70.0		Culture and Recreation
71.0	PERMITS	Building Permits	50,057
72.0	& FEES	Inspection Fees	3,944	43,615
72.1		Amusements licensing and permit taxes
73.0		Other Permits		67,742	62,036	76,012	65,725	60,524
74.0	SALES &	Parking Revenues
75.0	SERVICES	Rents and Royalties	3,357	3,690	4,370	4,000	5,355	5,440
76.0		Airport
77.0		Fire Protection Charges	4,126	3,095	4,126	3,777	3,777	2,836
78.0		Solid Waste	6,995
79.0		Ambulance and Rescue Squad Charges
80.0		Cemeteries	17,770	13,895	10,735	47,045	9,635	4,260
81.0		Recreation Service Revenues	115,792	116,789	92,514	55,635	48,484	53,430
82.0		Library Service Revenues
83.0		Other Cultural and Rec Service Revenues
84.0		Mass Transit - City Operated
85.0		Other Sales and Services	8,227	7,916	25,433	32,692	15,036
86.0	UTILITY	Water and Sewer Charges	2,376,070	3,751,814	4,128,393	4,261,516	3,759,668	3,087,589
87.0	REVENUES	Electric Charges
88.0		Gas Charges
88.1		Storm Water Fees	383,546	385,537	368,479	30,257
89.0	MISC.	Investment Earnings - Bond Proceeds
90.0	REVENUES	Investment Earnings - All Other Funds	2,003,061	191,268	170,086	710,727	537,913	784,148
91.0		Special Assessments
92.0		Private Contributions and Donations
93.0		Sales of Materials and Fixed Assets
94.0		Sale of Real Property
95.0		Nongovt Contr For Streets & Traffic Signals
96.0		ABC Mixed Drink Surcharge
97.0		ABC Profit Distribution
98.0		Other Miscellaneous Revenues
99.0		Proceeds of Sale of Bonds and Notes
100.0		Proceeds of Capital Leases/Install Purchases	1,612,825
101.0		Other
102.0	NON-REV	School - Current Levy Collections
103.0	RECEIPTS	Prior Years' Levy Collections
104.0		Tax Collections for Other Units
105.0		Utilities Customer's Deposits	2,141	18,688	4,079	4,980	6,034	224
106.0		Deposits Other than Utility
107.0		Prepaid Taxes
108.0		Prepaid Privilege Licenses
109A	PART 4	Governing Body - Salaries & Wages	26,304	26,304	26,356
109B	GENERAL	Governing Body - Other Direct	30,347	28,897	38,664	59,547	60,390	53,684
109C	GOVT	Governing Body - Construction
109D		Governing Body - Purchase of P,P&E
110A		Administration - Salaries & Wages	296,343	281,393	274,092	254,930	224,816	174,925
110B		Administration - Other Direct	385,799	442,670	410,275	317,884	280,326	790,994
110C		Administration - Construction
110D		Administration - Purchase of P,P&E		10,642	14,554	8,266	33,598	1,453
111A		Elections - Salaries & Wages
111B		Elections - Other Direct
111C		Elections - Construction
111D		Elections - Purchase of P,P&E
112A		Finance - Salaries & Wages
112B		Finance - Other Direct
112C		Finance - Construction
112D		Finance - Purchase of P,P&E
113A		Taxes - Salaries & Wages
113B		Taxes - Other Direct
113C		Taxes - Construction
113D		Taxes - Purchase of P,P&E
114A		Legal - Salaries & Wages
114B		Legal - Other Direct	117,605	95,595	107,739	80,620	75,134	136,949
114C		Legal - Construction
114D		Legal - Purchase of P,P&E
115A		Public Buildings - Salaries & Wages
115B		Public Buildings - Other Direct
115C		Public Buildings - Construction
115D		Public Buildings - Purchase of P,P&E
116A		Court Facilities - Salaries & Wages
116B		Court Facilities - Other Direct
116C		Court Facilities - Construction
116D		Court Facilities - Purchase of P,P&E
117A		Central Services - Salaries & Wages
117B		Central Services - Other Direct
117C		Central Services - Construction
117D		Central Services - Purchase of P,P&E
118A		Gen. Govt. All Other - Salaries & Wages
118B		Gen. Govt. All Other - Other Direct
118C		Gen. Govt. All Other - Construction
118D		Gen. Govt. All Other - Purchase of P,P&E
119A	PUBLIC	Police & Comm - Traffic Control - Salaries and Wages	1,595,061	1,599,997	1,629,298	1,541,491	1,374,013	1,270,801
119B	SAFETY	Police & Comm - Traffic Control - Other Direct	956,869	909,470	1,328,556	1,277,046	904,266	717,290
119C		Police & Comm - Traffic Control - Construction
119D		Police & Comm - Traffic Control - Purchase of P,P&E	196,607	15,095	141,633	119,829	65,548	1,810,701
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 & Wages	616,525	546,381	526,522	490,112	434,851	360,921
122B		Fire - Other Direct	379,693	317,215	330,030	321,215	286,819	273,178
122C		Fire - Construction
122D		Fire - Purchase of P,P&E	13,985	1,049,798	134,529	13,224	1,157	9,579
123A		Inspectors - Salaries & Wages
123B		Inspectors - Other Direct
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	24,214
126B		Pub. Safety All Other - Other Direct
126C		Pub. Safety All Other - Construction
126D		Pub. Safety All Other - Purchase of P,P&E
127A	TRANSPOR	Traffic Engineering - Salaries & Wages
127B	TATION	Traffic Engineering - Other Direct
127C		Traffic Engineering - Construction
127D		Traffic Engineering - Purchase of P,P&E	308,745	307,782	337,297	332,595	278,925	230,683
128A		Streets and Highways - Salaries & Wages	1,556,541	552,920	875,851	951,976	506,339	381,571
128B		Streets and Highways - Other Direct			93,594	19,092	16,100	676
128C		Streets and Highways - Construction	125,894	39,803	403,661	108,208	15,400	23,000
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			320,409	280,472	281,526	230,749
130D		Powell Bill - Purchase of P,P&E
131A		Parking Facilities - Salaries & Wages
131B		Parking Facilities - Other Direct
131C		Parking Facilities - Construction
131D		Parking Facilities - Purchase of P,P&E
132A		Mass Transit - City - Salaries & Wages
132B		Mass Transit - City - Other Direct
132C		Mass Transit - City - Construction
132D		Mass Transit - City - Purchase of P,P&E
133B		Mass Transit - Private - Other Direct
134A		Airport - Salaries & Wages
134B		Airport - Other Direct
134C		Airport - Construction
134D		Airport - Purchase of P,P&E
135A		Transpor. All Other - Salaries & Wages
135B		Transpor. All Other - Other Direct
135C		Transpor. All Other - Construction
135D		Transpor. All Other - Purchase of P,P&E
136A	ENVIRON	Solid Waste - Salaries & Wages	73,940	65,060	64,093
136B	MENTAL	Solid Waste - Other Direct	1,266,563	691,402	777,421	714,328	779,411	727,974
136C	PROTECTION	Solid Waste - Construction
136D		Solid Waste - Purchase of P,P&E			127,946
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				78,831
139D		Environ. All Other - Purchase of P,P&E
140A	ECONOMIC	Planning & Zoning - Salaries & Wages	201,590	199,636	166,367	127,271	121,503	119,910
140B	& PHYSICAL	Planning & Zoning - Other Direct	132,299	137,629	137,306	275,973	95,720	94,557
140C	DEVELOP	Planning & Zoning - Construction					42,196
140D		Planning & Zoning - Purchase of P,P&E		11,820	42,530	6,500		8,860
141A		Economic Development - Salaries & Wages
141B		Economic Development - Other Direct	28,814	6,297
141C		Economic Development - Construction
141D		Economic Development - Purchase of P,P&E
142A		Community Development - Salaries & Wages
142B		Community Development - Other Direct
142C		Community Development - Construction
142D		Community Development - Purchase of P,P&E
143A		Housing & Urban Renewal - Salaries & Wages
143B		Housing & Urban Renewal - Other Direct
143C		Housing & Urban Renewal - Construction
143D		Housing & Urban Renewal - Purchase of P,P&E
144A		Special Empl Programs - Salaries & Wages
144B		Special Empl Programs - Other Direct
144C		Special Empl Programs - Construction
144D		Special Empl Programs - Purchase of P,P&E
145A		Econ. Dev. All Other - Salaries & Wages
145B		Econ. Dev. All Other - Other Direct
145C		Econ. Dev. All Other - Construction
145D		Econ. Dev. All Other - Purchase of P,P&E
146A	HUMAN	Health - Salaries & Wages
146B	SERVICES	Health - Other Direct
146C		Health - Construction
146D		Health - Purchase of P,P&E
147A		Mental Health - Salaries & Wages
147B		Mental Health - Other Direct
147C		Mental Health - Construction
147D		Mental Health - Purchase of P,P&E
148A		Social Services - Salaries & Wages
148B		Social Services - Other Direct
148C		Social Services - Construction
148D		Social Services - Purchase of P,P&E
149B		Hospital-City - Other Direct
150B		Hospital-Private - Other Direct
151A		Legal Aid - Salaries & Wages
151B		Legal Aid - Other Direct
151C		Legal Aid - Construction
151D		Legal Aid - Purchase of P,P&E
152A		Human Serv. All Other - Salaries & Wages
152B		Human Serv. All Other - Other Direct
152C		Human Serv. All Other - Construction
152D		Human Serv. All Other - Purchase of P,P&E
153A	CULTURE	Recreation & Parks - Salaries & Wages	230,206	226,989	206,827	196,157	158,864	148,884
153B	RECREATION	Recreation & Parks - Other Direct	275,053	300,276	328,811	278,204	238,434	273,680
153C		Recreation & Parks - Construction					7,327
153D		Recreation & Parks - Purchase of P,P&E		3,331	3,788	11,286	1,197	2,758
154A		Coliseum - Salaries & Wages
154B		Coliseum - Other Direct
154C		Coliseum - Construction
154D		Coliseum - Purchase of P,P&E
155A		Museums - Salaries & Wages
155B		Museums - Other Direct
155C		Museums - Construction
155D		Museums - Purchase of P,P&E
156A		Libraries - Salaries & Wages
156B		Libraries - Other Direct
156C		Libraries - Construction
156D		Libraries - Purchase of P,P&E
157A		Cult. & Recr. All Other - Salaries & Wages
157B		Cult. & Recr. All Other - Other Direct
157C		Cult. & Recr. All Other - Construction
157D		Cult. & Recr. All Other - Purchase of P,P&E
158A	UTILITY	Water & Sewer - Salaries & Wages	1,325,496	1,279,013	1,285,500	1,178,984	1,047,127	967,305
158B		Water & Sewer - Other Direct	1,953,791	1,905,746	2,890,196	2,154,577	1,560,414	1,634,885
158C		Water & Sewer - Construction	277,519	323,545	1,295,688	514,005	649,155	705,710
158D		Water & Sewer - Purchase of P,P&E	1,561,118	130,935	168,732	293,690	55,708	27,844
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	69,462	90,566	37,962	4,898
161.1B		Storm Water - Other Direct	228,592	97,732	94,537	5,797
161.1C		Storm Water - Construction
161.1D		Storm Water - Purchase of P,P&E	298,054	21,882	183,539	3,010
161B	DEBT	Water & Sewer - Interest & Fees	680,542	663,950	96,114	106,126	125,494	144,905
161D	SERVICE	Water & Sewer - Principal	138,541		453,642	663,528	658,019	652,622
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 & Fees	139,176	145,215			95,047	106,041
166D		All Other - Principal	495,986	434,833			281,079	290,532
167B	PENSION	Direct Benefit Program - Other Direct
168B	FRINGE	Fringe Benefits Unallocated
169B		Separation Allowance - Law Enforcement	18,562	18,562	18,562	18,658	26,977	37,341
170B		Separation Allowance - Other Employees
171B		Supplemental Retirement - Law Enforcement	36,543	34,835	34,308	68,215	68,709	65,443
172B		Fringe Benefits Other
173A	INTERGOV	Multi-Cnty Libr Dis,Cnty,Or Other - Recipient
173B	EXPEND	Multi-Cnty Libr Dis,Cnty,Or Other - Item #
173C		Multi-Cnty Libr Dis,Cnty,Or Other - Amount
174A		Gen Gov Activities Shared W/ Cnty - Recipient
174B		Gen Gov Activities Shared W/ Cnty - Item #
174C		Gen Gov Activities Shared W/ Cnty - Amount
175A		Highways (Payments to State) - Recipient
175B		Highways (Payments to State) - Item No.
175C		Highways (Payments to State) - Amount
176A		Other - Intergovt. Expenditures - Recipient
176B		Other - Intergovt. Expenditures - Item #
176C		Other - Intergovt. Expenditures - Amount
177A		Other - Intergovt. Expenditures - Recipient
177B		Other - Intergovt. Expenditures - Item #
177C		Other - Intergovt. Expenditures - Amount
178A		Other - Intergovt. Expenditures - Recipient
178B		Other - Intergovt. Expenditures - Item #
178C		Other - Intergovt. Expenditures - Amount
179.0		Current year's levy -- Excluding motor vehicles	4,745,273.	4,629,364.00	4,316,723.00	3,446,144.00	2,811,257.00	2,679,772.00
180.0		Current year's levy -- Motor vehicles (only)	322,343.	342,426.00	332,285.00	298,121.00	271,422.00	250,264.00
181.0	PART 6	Uncollected Taxes - Current Year's Levy Except Mot Veh	135,394.	194,041.00	79,690.00	45,623.00	53,791.00	49,982.00
182.0	OTHER	Uncollected Taxes - CY Levy -Motor Vehicles	36,103	36,771	40,315	38,464	33,363	28,944
183.0	DATA	Percentage of Taxes Collected - All Property %	96.62	95.36	97.42	97.75	97.17	97.31
184.0	DATA	Percentage of Taxes Collected - Exclude Motor Vehicles%	97.15	95.81	98.15	98.68	98.09	98.13
185.0		Percentage of Taxes Collected - Motor Vehicles %	88.80	89.26	87.87	87.10	87.71	88.43
186.0		Ttl Amt Salaries/Wages for Construction
187A		Capital Reserve Schools - July 1, 2009
187B		Capital Reserve Schools - June 30, 2010
188A		Capital Reserve Hospitals - July 1, 2009
188B		Capital Reserve Hospitals - June 30, 2010
189A	PART 7	Cash On Hand & in Bank - Debt Service
189B	CASH &	Cash On Hand & in Bank - Construction Bond
189C	INVEST	Cash On Hand & in Bank - All Other	7,776,772	7,839,525	4,596,579	5,803,589	5,919,897	5,683,621
190A	PART	Appropriations Made During FY - B(1) - B(7)
190B	8	Expenditures Made During FY - B(1) - B(7)
191.0		Investment in Property - B(1) - B(4)
192.0		Amount Expended During FY - B(5) and B(7)
193.0		Amount of Tax Revenues Taken Into Account
194A	PART 9	Amount - Total Revenues	14,126,523	14,241,318	12,855,688	12,098,357	10,586,069	9,934,544
194B	FISCAL	Amount - Subtract Refunding Bond Proceeds
194C	SUMMARY	Amount - Subtract Interfund Transfers In	69,975
194D		Amount - Net Revenues	14,056,548	14,241,318	12,855,688	12,098,357	10,586,069	9,934,544
		Calculated amount	14,056,548	14,241,318	12,855,688	12,098,357	10,586,069	9,934,544
		Amounts in AGREEMENT??	Yes	Yes	Yes	Yes	Yes	Yes
		Difference
195A		Amount - Total Expenditures	16,132,354	13,013,216	15,406,929	12,876,545	10,851,589	12,476,405
195B		Amount - Subtract Pymts. to Refunded Debt Agent
195C		Amount - Subtract Interfund Transfers Out	69,975
195D		Amount - Net Expenditures	16,062,379	13,013,216	15,406,929	12,876,545	10,851,589	12,476,405
		Calculated amount	16,062,379	13,013,216	15,406,929	12,876,545	10,851,589	12,476,405
		Amounts in AGREEMENT??	Yes	Yes	Yes	Yes	Yes	Yes
		Difference

401A	Part 10	Number of residential accounts billed Water				913,490
401B	Water /	Number of residential accounts billed Sewer				3,244
402A	Sewer	Amount processed and/or purchased in units Water				210,558,375
402B	Operations	Amount processed and/or purchased in units Sewer				173,873,825
403A		Total amount billed in units - Water	431,239,328	402,946,185	462,316,954	210,558,375
403B		Total amount billed in units - Sewer	388,930	362,317,660	388,453,618	173,873,825
404A		Of the total in 403A above how many units were Residential W	226,714,543	285,414,375	426,109,928	159,428,258
404B		Of the total in 403B above how many units were Residential S				1,828,256
405A		Of the total in 403 above, how many units were Outside Muni W				1,490,990
405B		Of the total in 403 above, how many units were Outside Muni S				913,490
406A		Of the total in 405A above how many units were Residential W				780,340
406B		Of the total in 405B above how many units were Residential S
407A		Of the total in 403A, how many units were sold for redistribution
407B		Of the total in 403B how many unit were delivered in bulk	2,134,852	1,993,685	2,016,243	1,220,036
408A		Dollars related to 403A above	1,917,426	1,702,893	1,855,560	823,069
408B		Dollars related to 403B above	1,396,372	1,441,342	1,695,081	841,572
409A		Dollars related to 404A above	1,252,515	1,150,493	1,730,865	742,723
409B		Dollars related to 404B above				199,025
410A		Dollars related to 405A above				14,581
410B		Dollars related to 405B above				9,393
411A		Dollars related to 406A above				7,605
411B		Dollars related to 406B above
412A		Dollars related to 407A above
412B		Dollars related to 407B above	4,110	4,411	4,709
421A		Number of residential accounts billed - Water	3,359	4,054	3,412
421B		Number of residential accounts billed - Sewer	355	345	448
422A		Number of non-residential & bulk accounts billed - Water	315	318	318
422B		Number of non-residential & bulk accounts billed - Sewer	2	2	2	2	2	2
423A		Estimated percentage of accounts outside of municipal limits



950.0		Official	Michelle Davis
951.0		Title	Deputy Finance Officer
952.0		Date	11/16/2010	01/07/2010	12/23/2008	01/07/2008	02/05/2007	03/14/2006
953.0		Contact	Michelle Davis
954.0		Title	Deputy Finance Officer
955.0		Phone	704-901-2061
956.0		Fax	704-825-0514
957.0		E-Mail:

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

	2010	2009	2008	2007	2006	2005

Population	10,461	10,264	9,921	9,470	9,153	8,897
Population Group	No Electric 10,000 to 49,999	No Electric 10,000 to 49,999	No Electric 2,500 to 9,999	No Electric 2,500 to 9,999	No Electric 2,500 to 9,999	No Electric 2,500 to 9,999
Total Operating Revenues	$4,330,520	4,181,509	4,387,021	4,639,951	4,443,045	4,229,406
Total Operating Revenues Per Capita	$414	407	442	490	485	475
Group Weighted Average Revenues Per Capita	295	279	275	278	288	272
State Weighted Average Revenues Per Capita	306	290	293	293	286	262

% to Total Operating Revenues
Operating Expenses	104.48%	99.74%	98.45%	89.92%	75.54%	94.89%
Group Weighted Average	82.63%	87.46%	92.27%	89.43%	86.85%	89.77%
State Weighted Average	83.80%	88.94%	85.72%	81.18%	80.03%	84.59%

Operating Margin	-4.48%	0.26%	1.55%	10.08%	24.46%	5.11%
Group Weighted Average	17.37%	12.54%	7.73%	10.57%	13.15%	10.23%
State Weighted Average	16.20%	11.06%	14.28%	18.82%	19.97%	15.41%

Operating Transfers In	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Group Weighted Average	5.28%	1.91%	0.98%	1.63%	1.57%	1.81%
State Weighted Average	1.47%	1.12%	1.21%	1.12%	1.45%	1.59%

Operating Transfers Out	1.62%	0.00%	0.00%	0.97%	0.04%	0.00%
Group Weighted Average	4.46%	5.12%	4.19%	3.11%	2.20%	2.67%
State Weighted Average	1.66%	2.70%	3.12%	1.85%	2.76%	2.79%

Net Income before capital contributions	-8.63%	-2.15%	0.43%	8.45%	23.09%	2.50%
Group Weighted Average	32.60%	14.97%	15.31%	4.36%	14.34%	18.20%
State Weighted Average	12.99%	-9.68%	14.10%	18.23%	15.30%	15.64%

Key Ratios and Cash Flow

Quick Ratio	3.26	4.55	3.01	4.93	3.87	3.04
Group Weighted Average	3.08	3.13	3.12	3.26	3.67	3.54
State Weighted Average	3.20	2.81	2.96	2.90	2.82	1.82

Days Sales in Receivables	8.0	50.0	49.2	52.4	52.4	65.2
Group Weighted Average	57.2	55.1	53.9	54.2	54.1	53.6
State Weighted Average	58.8	58.6	56.1	60.7	58.1	60.0

Days Cash on Hand	238.4	299.4	189.6	273.3	371.2	243.4
Group Weighted Average	595.9	529.1	485.2	520.4	454.6	443.8
State Weighted Average	526.9	479.1	507.5	565.1	514.1	479.7

Cash flow from Operations	$693,041	808,129	944,592	1,203,253	1,907,913	764,967

Debt to Equity	0.29	0.23	0.27	0.19	0.19	0.31
Group Weighted Average	0.44	0.36	0.24	0.26	0.24	0.25
State Weighted Average	0.60	0.56	0.57	0.55	0.52	0.54

Debt per Capita	385	316	380	288	284	435
Group Weighted Average	635	477	343	339	315	324
State Weighted Average	997	927	932	886	798	753

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

	2004	2003	2002	2001
	$1,092,607	317,214	56,078	169,055

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


Operating Statistics

Estimated population of the areas served Water	0	0	0	3,986	NA	NA
Estimated population of the areas served Sewer	0	0	0	3,244	NA	NA

Number of Gallons of Water Processed (000) omitted	0	0	0	210,558,375	NA	NA
Number of Gallons of Sewage Processed (000) omitted	0	0	0	173,873,825	NA	NA

Number of Gallons of Water Billed (000) omitted	431,239,328	402,946,185	462,316,954	210,558,375	NA	NA
Number of Gallons of Sewage Billed (000) omitted	388,930	362,317,660	388,453,618	173,873,825	NA	NA

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

Total Revenue from Water Sales	2,134,852	1,993,685	2,016,243	1,220,036	NA	NA
Total Revenue from Sewage Sales	1,917,426	1,702,893	1,855,560	823,069	NA	NA

Water Revenue per 1000 gallons of Sales				306.08028	NA	NA
Sewage Revenue per 1000 gallons of Sales				253.72041	NA	NA

Group Average Sales per thousand Gallons Water	$37.70357	$43.89276	$1,510.62899	$1,842.80047	NA	NA
Group Average Sales per thousand Gallons Sewage	$56.52978	$61.44726	$1,219.60613	$1,733.12394	NA	NA

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

Residential Water Sales per thousand Gallons	$0.00616	0.00505	0.00398	0.00528	NA	NA
Residential Sewage Sales per thousand Gallons	$4.93000	0.00470	0.00471	0.00468	NA	NA

Water Sales per thousand Gallons outside Municipal Limits				0.10886	NA	NA
Sewage Sales per thousand Gallons outside Municipal Limits				0.00978	NA	NA

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

Financial Graphs and Comparisons

Analysis of Available Fund Balance: General Fund
Analysis of Property Tax Collection %
Analysis of General Obligation Debt
Analysis of Revenue (5 years)
Analyis of Revenue (most recent fiscal year)
Analysis of Expenditures by Function
Analysis of Expenditures by Object

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Analysis of Available Fund Balance: General Fund

	2006	2007	2008	2009	2010
Unit's FBA %	31.67%	30.45%	19.85%	38.53%	42.47%
Group average FBA %	62.32%	64.31%	65.07%	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%	62.32%	37.09%	37.79%

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

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2006 2007 2008 2009 2010

Municipality 97.17% 97.75% 97.42% 95.36% 96.62%

Pop. Group 96.72% 96.70% 95.81% 97.15% 97.00%

Statewide 97.55% 97.58% 97.56% 97.36% 97.61%

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

	2006	2007	2008	2009	2010
Municipality	97.17%	97.75%	97.42%	95.36%	96.62%
Pop. Group	96.72%	96.70%	95.81%	97.15%	97.00%
Statewide	97.55%	97.58%	97.56%	97.36%	97.61%

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

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2006 2007 2008 2009 2010

Municipality 0 0 0 0 0

Pop. Group 117 93 71 130 132

Statewide 495 478 456 455 449

Municipal Population Group: 10,000 to 24,999

	2006	2007	2008	2009	2010
Municipality	0	0	0	0	0
Pop. Group	117	93	71	130	132
Statewide	495	478	456	455	449

Municipal Population Group: 10,000 to 24,999

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2006 2007 2008 2009 2010

Property Tax $338 399 468 474 487

Utility 412 453 419 366 228

Sales Tax 151 135 137 135 110

Sales & Services 15 20 18 20 14

Intergovernmental 172 185 196 323 109

Debt Proceeds 0 0 0 0 0

Other Miscellaneous 69 86 58 69 396

Total $1,157 1,278 1,296 1,387 1,344

	2006	2007	2008	2009	2010
Property Tax	$338	399	468	474	487
Utility	412	453	419	366	228
Sales Tax	151	135	137	135	110
Sales & Services	15	20	18	20	14
Intergovernmental	172	185	196	323	109
Debt Proceeds	0	0	0	0	0
Other Miscellaneous	69	86	58	69	396
Total	$1,157	1,278	1,296	1,387	1,344

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2010
2010

Category Revenue
Per Capita

Property Tax $5,095,317
$487

Water/Sewer 8,227
1

Electric 2,376,070
227

Other Utilities 0
0

Sales Tax 1,147,485
110

Sales & Services 148,040
14

Intergovernment 1,140,465
109

Debt Proceeds 0
0

Miscellaneous 4,140,944
396

Total $14,056,548
$1,344

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

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2010
2010

Category Expenditures
Per Capita

General Government $856,398
$82

Water/Sewer 0
0

Electric 5,117,924
489

Other Utilities 596,108
57

Debt Service 1,454,245
139

Transportation 1,991,180
190

Public Safety 3,838,059
367

Other 2,208,465
211

Total $16,062,379
$1,535

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

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2010
2010

Category Expenditures
Per Capita

Salaries & Wages $6,015,682
$575

Water/Sewer Capital 0
0

Electric Capital 1,838,637
176

Other Capital 943,285
90

Other Operating 7,264,775
694

Total $16,062,379
$1,535

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

Last Updated 5/4/2011 8:12:44 PM



	2010	2010
Category	Revenue	Per Capita
Property Tax	$5,095,317	$487
Water/Sewer	8,227	1
Electric	2,376,070	227
Other Utilities	0	0
Sales Tax	1,147,485	110
Sales & Services	148,040	14
Intergovernment	1,140,465	109
Debt Proceeds	0	0
Miscellaneous	4,140,944	396
Total	$14,056,548	$1,344

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

North CarolinaDepartment of State TreasurerFinancial InformationCity of Belmont

Financial Graphs and Comparisons

North Carolina
Department of State Treasurer
Financial Information
City of Belmont