North Carolina
Department of State Treasurer
Financial Information
City of Boiling Spring Lakes



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
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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		201020092008200720062005

Revenues by Source







Property Tax$804,026 799,484 810,519 728,307 674,983 613,642


Utility 562,462 803,055 835,678 1,078,639 346,007 55,079


Sales Tax 827,416 896,441 967,615 979,226 886,279 790,247


Sales & Services 137,048 136,343 174,326 174,043 118,623 46,960


Intergovernmental 575,247 544,892 606,745 495,149 521,972 433,683


Debt Proceeds 59 - - - - -


Other Miscellaneous 127,666 191,839 2,240,735 467,669 444,907 1,269,079


Total$3,033,924 3,372,054 5,635,618 3,923,033 2,992,771 3,208,690










Expenditures by Function







Utility$1,164,867 678,874 680,036 538,258 315,443 61,204


Debt Service 398,523 576,517 478,782 418,424 352,689 91,650


Transportation 453,014 531,263 819,559 891,738 1,734,824 538,973


General Government 701,121 1,737,665 1,696,321 769,966 501,265 558,016


Public Safety 779,623 770,490 682,851 719,391 668,521 388,634


Other 280,994 324,437 408,374 377,495 274,615 233,286


Total$3,778,142 4,619,246 4,765,923 3,715,272 3,847,357 1,871,763










Expenditures by Object







Salaries & Wages$1,321,910 1,378,011 1,352,606 1,314,102 1,432,006 677,665


Capital Outlay 998,442 1,365,043 1,543,429 687,946 1,102,157 291,864


Other Operating + Debt Service 1,457,790 1,876,192 1,869,888 1,713,224 1,313,194 902,234


Total$3,778,142 4,619,246 4,765,923 3,715,272 3,847,357 1,871,763



















Per Capita Revenues by Source







Property Tax$184 189 197 183 179 171


Utility 129 190 203 271 92 15


Sales Tax 189 211 236 246 235 222


Sales & Services 31 32 42 44 31 13


Intergovernmental 132 129 147 124 139 121


Debt Proceeds - - - - - -


Other Miscellaneous 29 45 545 117 118 354


Total$694 796 1,370 985 794 896










Per Capita Expenditures by Function







Utility$266 160 165 135 84 17


Debt Service 91 136 116 105 94 26


Transportation 104 125 199 224 461 151


General Government 161 411 413 193 132 155


Public Safety 178 182 166 181 177 109


Other 64 77 99 95 73 65


Total$864 1,091 1,158 933 1,021 523










Per Capita Expenditures by Object







Salaries & Wages$302 325 329 330 380 189


Capital Outlay 228 322 375 173 293 82


Other Operating 334 444 454 430 348 252


Total$864 1,091 1,158 933 1,021 523










Population GroupNo 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 No Electric 2,500 to 9,999 No Electric 2,500 to 9,999


Number of Municipalites in Group 122 120 120 124 123 120


Average Population In Group 4,664 4,697 4,793 4,727 4,663 4,600


City of Boiling Spring Lakes Population 4,372 4,235 4,115 3,983 3,767 3,580

Group Average Per Capita Revenues by Source







Property Tax 337 346336310306296


Utility 318 315313317332313


Sales Tax 123 144160159152147


Sales & Services 84 8278767166


Intergovernmental 194 179175172159163


Debt Proceeds 52 152111242835


Other Miscellaneous 118 157179229189134


Total 1,226 1,3751,3521,2871,2371,154










Group Average Per Capita Expenditures by Function







Utility 413 414370332305290


Debt Service 101 1001029698101


Transportation 93 95110111111105


General Government 178 185168159156157


Public Safety 319 318319310281268


Other 216 219230235209215


Total 1,320 1,3311,2991,2431,1601,136










Group Average Per Capita Expenditures by Object







Salaries & Wages 431 436423414398394


Capital Outlay 345 342300270224203


Other Operating 543 553576557537535


Total 1,319 1,3311,2991,2411,1591,132


















General Fund
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General Fund revenues$2,434,467 2,478,612 2,781,296 2,698,172 2,575,443 2,208,690

General Fund expenditures 2,583,510 2,826,648 3,054,371 3,000,959 3,412,448 1,810,559

Operating transfers in 209,337 584 - - - 233,025

Operating transfers out 170,075 - 259,186 - - 80,000

Capital leases and installment purchase proceeds 28,201 31,607 286,084 52,787 58,668 1,000,000

Other items - - - - - -

Excess of revenues and other sources over (under) expenditures and other uses (81,580) (315,845) (246,177) (250,000) (778,337) 1,551,156










Fund balance available (FBA):







In dollars$1,403,626 1,243,886 1,549,483 1,581,713 2,047,152 3,199,141


FBA as a % of GF Net Expenditures:







 Unit's FBA %51.5044.5051.1853.6561.04359.23


 Group weighted average FBA %68.0070.2665.0764.3162.3262.21


 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$451,162 440,615 429,464 68,914 411,023 2,153,071


Quick ratio2.20 1.72 1.91 1.11 1.79 93.15


Net income(143,437)(42,640)317,192 91,260 900,692 (104,769)


Cashflow from operations159,704 183,867 219,553 204,101 (87,057)(34,413)


Depreciation & Amortization Expense115,480 137,064 126,920 117,422 99,621 1,068


























Cash, Investments and Financing
Go to top of page		201020092008200720062005











Population at July 1st of the Previous Year4,3724,2354,1153,9833,7673,580


Population GroupNo 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 No Electric 2,500 to 9,999 No Electric 2,500 to 9,999


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 average0.00010.00070.00120.00120.00030.0003


Tax Rate Equivalent Statewide weighted average0.00130.00340.00690.01010.00800.0043


Latest year of Revaluation 200702007200320032003


January 1, Prior Year Assessed Valuation$676,369,226 673,894,668 655,701,962 291,153,429 261,575,433 242,556,106


Tax Rate0.12000.12000.12000.25000.25000.2500


Tax Rate Group weighted average0.24170.26970.26690.31160.31910.3626


Tax Rate State Wide0.40600.42620.42380.44500.43210.4448


Assessment -to-Sales Ratio113.5998.0799.2962.5080.0087.38


Assessment -to-Sales Ratio Group weighted average102.7392.1790.9283.5191.5285.31


Assessment -to-Sales Ratio Statewide98.2990.8188.5388.4192.2892.35


Assessed Valuation Adjusted for Assesment to Sales Ratio$595,447,862 687,156,794 660,390,736 465,845,486 326,969,291 277,587,670


EffectiveTax Rate0.13630.11770.11910.15630.20000.2185


Group weighted average Effective Tax Rate0.24830.24860.24270.26020.29210.3093


Statewide weighted average Effective Tax Rate0.39900.38700.37520.39340.39870.4108


Percent Collected95.330095.830095.800095.070095.570095.8700


Percent Collected Group weighted average96.6995.4195.8196.7096.7296.85


Percent Collected Statewide97.6197.3697.5697.5897.5597.42


Percent Collected Excluding Motor Vehicles96.0396.5896.7096.9897.2797.55


Percent Collected Excluding Motor Vehicles Group weighted average97.4497.5598.0697.9998.0897.96


Percent Collected Excluding Motor Vehicles Statewide weighted average98.3098.3198.6598.5998.6198.36


Percent Collected Motor Vehicles Only 83.4083.9786.1582.7184.5183.71


Percent Collected Motor Vehicles Only Group weighted average85.6385.2385.7586.0486.2285.87


Percent Collected Motor Vehicles Only Statewide weighted average 86.8986.6786.7486.7186.8087.31


Tax Uncollected75,628 73,888 92,596 116,853 103,818 86,879


Tax Rate Equivalent0.01120.01100.01410.04010.03970.0358


Dominant County: Brunswick






Debt Information








Population Group2,500 to 4,9992,500 to 4,9992,500 to 4,9992,500 to 4,9992,500 to 4,9992,500 to 4,999


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 4,397,000 4,450,000 4,500,000 4,500,000 4,500,000


General Government GO Debt0 0 0 0 0 0


Total General Obligation Debt0 4,397,000 4,450,000 4,500,000 4,500,000 4,500,000


Per Capita$0 1,038 1,081 1,130 1,195 1,257


Total Per Capita for the Population Group107 158 152 149 162 162


Total Per Capita Statewide449 455 456 478 495 505


Total per Assessed Valuation Adjusted for Current Year Sales0.0000%0.6399%0.6738%0.9660%1.3763%1.6211%


 Total per Assessed Valuation Adjusted for Current Year Sales- Group Average0.0809%0.1078%0.1101%0.1223%0.1565%0.1724%


 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$0 0 0 0 0 0


--General Government2,000,000 2,180,000 2,300,000 800,000 900,000 1,000,000


Total*$2,000,000 2,180,000 2,300,000 800,000 900,000 1,000,000


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




Revenue Bond Debt $0 0 0 0 0 0


















Annual Financial Information Report Detail
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LineSectionDescription201020092008200720062005

Population at July 1st of the Previous Year Adjusted for Boundry Changes4,3724,2354,1153,9833,7673,580









1.5AFISCAL Governmental Activities Assets5,364,8195,490,1515,982,3704,278,9934,359,7964,509,135
1.5BSUMMARYGovernmental Activities Liabilities2,424,7282,563,2392,828,9041,060,5921,194,5011,371,369
3.5A
Business Type Activities Assets3,678,0238,056,1508,029,0957,732,2327,780,2716,845,758
3.5B
Business Type Activities Liabilties369,7994,604,4894,534,7944,555,1244,694,4224,660,601
6.5A
Fiduciary Funds Assets





6.5B
Fiduciary Funds Liabilties





10.0PART 2Current Collections of Unit -Wide Levy778,209774,466771,408692,938630,108593,359
11.0TAXCurrent Collections of Special Tax Districts





12.0REVENUESPrior Years' Levy Collections21,75019,49431,70627,29934,13614,900
13.0
Penalties and Interest4,0675,5247,4058,07010,7395,383
14.0
Collections of Taxes Previously Written Off





15.0
Animal Tax7,5704,8751,6901,3911,1101,328
15.1
Solid Waste Disposal Tax





16.0
1% Local Government Option Sales Tax463,725412,336425,961403,240385,727395,123
17.0
1/2% Local Government Option Sales Tax (40)178,380188,657202,372197,509168,656197,562
18.0
1/2% Local Government Option Sales Tax (42)155,985186,302200,202195,269166,823197,562
18.5
1/2% Local Government Option Sales Tax (44)29,326109,146139,080183,208165,073
19.0
Privilege Licenses5,9953,2055,5294,5343,1793,353
19.2
Privilege -- All other privileges and pemits





20.0
Auto Licenses





21.0
Vehicle Tax for Public Transportation





22.0
Other Licenses

5,45645,72124,38621,016
23.0
Local Occupancy Tax





24.0
Prepared Food Tax





25.0
911 Charges





26.0
Gross Short Term lease and Rental Tax





27.0FEDERALPayments In Lieu of Taxes - Federal





28.0INTERGOVEquitable Sharing of Fed. Forfeited Prop.





29.0REVENUESGeneral Government





30.0
Public Safety





31.0
Transportation - Streets





32.0
Transportation - All Other





33.0
Environmental Protection



31,625
34.0
Econ. & Phys. Dev. - Housing/Comm. Dev.





35.0
Econ. & Phys. Dev. - All Other





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 Tax





41.0REVENUESTransitional Hold Harmless





42.0
Wireless Enhanced 911 Service Charges





42.1
Emergency Telephone Services Fund (ETSF) Revenues (Do not include interest)





42.2
ETSF Interest Income





43.0
Piped Natural Gas Charge Distribution





44.0
Utility Franchise Tax300,230209,468190,870149,380125,922109,547
45.0
Beer and Wine Tax6,04018,48018,34717,02215,81315,169
46.0
Powell Bill255,522284,691314,224276,582277,062275,387
50.0
Court Fees - Facilities and Arrest Fees





51.0
General Government





52.0
Public Safety3,4557,22329,33452,16571,550
53.0
Transportation - Streets





54.0
Transportation - All Other





55.0
Environmental Protection10,00025,03053,970


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





61.0LOCALPayments in Lieu of Taxes - Local





62.0INTERGOVGeneral Government





63.0REVENUESPublic Safety




33,580
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





71.0PERMITS Building Permits29,13236,46088,71796,304157,936154,509
72.0& FEESInspection Fees





72.1
Amusements licensing and permit taxes





73.0
Other Permits9,75016,50063,75079,75043,500
74.0SALES &Parking Revenues





75.0SERVICESRents and Royalties12,46612,10117,70511,37911,04810,726
76.0
Airport





77.0
Fire Protection Charges





78.0
Solid Waste





79.0
Ambulance and Rescue Squad Charges





80.0
Cemeteries





81.0
Recreation Service Revenues114,832107,74292,87182,91464,07536,234
82.0
Library Service Revenues





83.0
Other Cultural and Rec Service Revenues





84.0
Mass Transit - City Operated





85.0
Other Sales and Services32,13765,06162,92443,86779,75355,079
86.0UTILITYWater and Sewer Charges530,325737,994772,7541,034,772266,254
87.0REVENUESElectric Charges





88.0
Gas Charges





88.1
Storm Water Fees





89.0MISC.Investment Earnings - Bond Proceeds





90.0REVENUESInvestment Earnings - All Other Funds40,46992,372204,650224,902165,33958,184
91.0
Special Assessments





92.0
Private Contributions and Donations





93.0
Sales of Materials and Fixed Assets16,2991,0795,16617,8037,4544,559
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
15524,49724,22726,83526,130
98.0
Other Miscellaneous Revenues59




99.0
Proceeds of Sale of Bonds and Notes





100.0
Proceeds of Capital Leases/Install Purchases28,20153,6931,905,03052,78758,6681,000,000
101.0
Other





102.0NON-REVSchool - Current Levy Collections





103.0RECEIPTSPrior Years' Levy Collections





104.0
Tax Collections for Other Units





105.0
Utilities Customer's Deposits
4,1807,679


106.0
Deposits Other than Utility





107.0
Prepaid Taxes
-1,3511,002


108.0
Prepaid Privilege Licenses





109APART 4Governing Body - Salaries & Wages8,0007,8755,9005,1005,1005,250
109BGENERALGoverning Body - Other Direct41,34659,86747,69842,14033,53630,805
109CGOVTGoverning Body - Construction





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





110A
Administration - Salaries & Wages227,327267,029264,860221,101204,403156,231
110B
Administration - Other Direct272,336346,928373,122302,203204,438183,727
110C
Administration - Construction
856,220786,315


110D
Administration - Purchase of P,P&E
22,56047,3212,0327,3601,267
111A
Elections - Salaries & Wages





111B
Elections - Other Direct



98
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





114C
Legal - Construction





114D
Legal - Purchase of P,P&E





115A
Public Buildings - Salaries & Wages82,81581,77962,50654,560

115B
Public Buildings - Other Direct69,29776,84663,786124,57437,97755,582
115C
Public Buildings - Construction





115D
Public Buildings - Purchase of P,P&E
18,56142,567


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




83,838
118B
Gen. Govt. All Other - Other Direct

2,24618,2568,35341,316
118C
Gen. Govt. All Other - Construction





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





119APUBLICPolice & Comm - Traffic Control - Salaries and Wages367,220357,212329,735296,325256,460222,298
119BSAFETYPolice & Comm - Traffic Control - Other Direct198,103182,333171,756177,832137,664140,669
119C
Police & Comm - Traffic Control - Construction





119D
Police & Comm - Traffic Control - Purchase of P,P&E28,20140,42018,38537,06168,27117,721
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





122B
Fire - Other Direct





122C
Fire - Construction





122D
Fire - Purchase of P,P&E





123A
Inspectors - Salaries & Wages106,781106,92695,583131,70584,024
123B
Inspectors - Other Direct47,81552,09644,12262,80646,586
123C
Inspectors - Construction



13,050
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



17,9611,069
125A
Animal Control - Salaries & Wages



11,7371,737
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&E192,829211,190211,048197,949220,921195,988
128A
Streets and Highways - Salaries & Wages260,185307,657368,030445,440753,057134,777
128B
Streets and Highways - Other Direct





128C
Streets and Highways - Construction
12,416240,481248,349760,84662,724
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




145,484
130C
Powell Bill - Construction





130D
Powell Bill - Purchase of P,P&E





131A
Parking Facilities - Salaries & Wages





131B
Parking Facilities - Other Direct





131C
Parking Facilities - Construction





131D
Parking Facilities - Purchase of P,P&E





132A
Mass Transit - City - Salaries & Wages





132B
Mass Transit - City - Other Direct





132C
Mass Transit - City - Construction





132D
Mass Transit - City - Purchase of P,P&E





133B
Mass Transit - Private - Other Direct





134A
Airport - Salaries & Wages





134B
Airport - Other Direct





134C
Airport - Construction





134D
Airport - Purchase of P,P&E





135A
Transpor. All Other - Salaries & Wages





135B
Transpor. All Other - Other Direct





135C
Transpor. All Other - Construction





135D
Transpor. All Other - Purchase of P,P&E





136AENVIRONSolid Waste - Salaries & Wages





136BMENTALSolid Waste - Other Direct29,21820,57619,56920,71318,64319,328
136CPROTECTIONSolid Waste - Construction





136D
Solid Waste - Purchase of P,P&E





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 Direct4,0676,3076,3994,4263,1323,090
139C
Environ. All Other - Construction





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





140AECONOMICPlanning & Zoning - Salaries & Wages





140B& PHYSICALPlanning & Zoning - Other Direct




3,600
140CDEVELOPPlanning & Zoning - Construction





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





141A
Economic Development - Salaries & Wages





141B
Economic Development - Other Direct





141C
Economic Development - Construction





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





142A
Community Development - Salaries & Wages





142B
Community Development - Other Direct





142C
Community Development - Construction





142D
Community Development - Purchase of P,P&E





143A
Housing & Urban Renewal - Salaries & Wages





143B
Housing & Urban Renewal - Other Direct





143C
Housing & Urban Renewal - Construction





143D
Housing & Urban Renewal - Purchase of P,P&E





144A
Special Empl Programs - Salaries & Wages





144B
Special Empl Programs - Other Direct





144C
Special Empl Programs - Construction





144D
Special Empl Programs - Purchase of P,P&E





145A
Econ. Dev. All Other - Salaries & Wages





145B
Econ. Dev. All Other - Other Direct





145C
Econ. Dev. All Other - Construction





145D
Econ. Dev. All Other - Purchase of P,P&E





146AHUMANHealth - Salaries & Wages





146BSERVICESHealth - Other Direct





146C
Health - Construction





146D
Health - Purchase of P,P&E





147A
Mental Health - Salaries & Wages





147B
Mental Health - Other Direct





147C
Mental Health - Construction





147D
Mental Health - Purchase of P,P&E





148A
Social Services - Salaries & Wages





148B
Social Services - Other Direct





148C
Social Services - Construction





148D
Social Services - Purchase of P,P&E





149B
Hospital-City - Other Direct





150B
Hospital-Private - Other Direct





151A
Legal Aid - Salaries & Wages





151B
Legal Aid - Other Direct





151C
Legal Aid - Construction





151D
Legal Aid - Purchase of P,P&E





152A
Human Serv. All Other - Salaries & Wages





152B
Human Serv. All Other - Other Direct





152C
Human Serv. All Other - Construction





152D
Human Serv. All Other - Purchase of P,P&E





153ACULTURE Recreation & Parks - Salaries & Wages126,726121,011105,87390,80776,36155,741
153BRECREATIONRecreation & Parks - Other Direct117,543158,639276,533217,850162,731143,927
153C
Recreation & Parks - Construction





153D
Recreation & Parks - Purchase of P,P&E
17,904
43,69913,7487,600
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 - Construction3,440




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





158AUTILITYWater & Sewer - Salaries & Wages142,856128,522120,11969,06440,86417,793
158B
Water & Sewer - Other Direct 248,039364,580362,605310,338274,57937,916
158C
Water & Sewer - Construction773,97215,10130,362111,427

158D
Water & Sewer - Purchase of P,P&E
170,671166,95047,429
5,495
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 & Fees2,794190,483191,720176,055

161DSERVICEWater & Sewer - Principal23,53167,02153,481


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 & Fees92,34380,05938,95840,413165,15311,612
166D
All Other - Principal279,855238,954194,623201,956187,53680,038
167BPENSIONDirect Benefit Program - Other Direct





168BFRINGEFringe Benefits Unallocated





169B
Separation Allowance - Law Enforcement15,33415,3347,077
20,679
170B
Separation Allowance - Other Employees





171B
Supplemental Retirement - Law Enforcement16,16916,16916,19313,66212,0895,140
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 vehicles770,438.761,724.00736,949.00631,049.00572,438.00535,883.00
180.0
Current year's levy -- Motor vehicles (only)45,037.47,801.0068,255.0097,826.0088,211.0073,732.00
181.0PART 6Uncollected Taxes - Current Year's Levy Except Mot Veh30,591.26,087.0024,341.0019,027.0015,607.0013,147.00
182.0OTHERUncollected Taxes - CY Levy -Motor Vehicles7,4767,6629,45516,91013,66312,014
183.0DATAPercentage of Taxes Collected - All Property %95.3395.8395.8095.0795.5795.87
184.0DATAPercentage of Taxes Collected - Exclude Motor Vehicles%96.0396.5896.7096.9897.2797.55
185.0
Percentage of Taxes Collected - Motor Vehicles %83.4083.9786.1582.7184.5183.71
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




1,734,569
189CINVESTCash On Hand & in Bank - All Other4,394,1552,092,1842,252,1045,079,4882,302,9483,307,777
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 Revenues3,413,3363,372,6388,942,4423,923,0332,992,7713,208,690
194BFISCALAmount - Subtract Refunding Bond Proceeds





194CSUMMARYAmount - Subtract Interfund Transfers In379,4125843,306,824


194D
Amount - Net Revenues3,033,9243,372,0545,635,6183,923,0332,992,7713,208,690


Calculated amount3,033,9243,372,0545,635,6183,923,0332,992,7713,208,690


Amounts in AGREEMENT??YesYesYesYesYesYes


Difference





195A
Amount - Total Expenditures4,157,5544,619,8308,072,7473,715,2723,847,3571,871,763
195B
Amount - Subtract Pymts. to Refunded Debt Agent





195C
Amount - Subtract Interfund Transfers Out379,4125843,306,824


195D
Amount - Net Expenditures3,778,1424,619,2464,765,9233,715,2723,847,3571,871,763


Calculated amount3,778,1424,619,2464,765,9233,715,2723,847,3571,871,763


Amounts in AGREEMENT??YesYesYesYesYesYes


Difference














401APart 10Number of residential accounts billed Water





401BWater /Number of residential accounts billed Sewer





402ASewer Amount processed and/or purchased in units Water858589,37570,818

402BOperationsAmount processed and/or purchased in units Sewer





403A
Total amount billed in units - Water86884,35967,912

403B
Total amount billed in units - Sewer





404A
Of the total in 403A above how many units were Residential W807779,49066,116

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





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





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





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





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





407A
Of the total in 403A, how many units were sold for redistribution





407B
Of the total in 403B how many unit were delivered in bulk532,805628,765617,215556,612

408A
Dollars related to 403A above





408B
Dollars related to 403B above522,149615,175599,320549,018

409A
Dollars related to 404A above





409B
Dollars related to 404B above





410A
Dollars related to 405A above





410B
Dollars related to 405B above





411A
Dollars related to 406A above





411B
Dollars related to 406B above





412A
Dollars related to 407A above





412B
Dollars related to 407B above1,9021,9024,537


421A
Number of residential accounts billed - Water





421B
Number of residential accounts billed - Sewer88



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





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
































950.0
OfficialKaren A. Thompson

951.0
TitleFinance Officer

952.0
Date11/30/201011/13/200911/25/200811/30/200701/12/200611/18/2005
953.0
ContactKaren A. Thompson

954.0
TitleFinance Officer

955.0
Phone910-845-2614




956.0
Fax910-845-2040




957.0
E-Mail:

















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Key Ratios and Operations Statistics of Water and Sewer Systems for


City of Boiling Spring Lakes













201020092008200720062005








Population
4,3724,2354,1153,9833,7673,580
Population Group
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 No Electric 2,500 to 9,999 No Electric 2,500 to 9,999
Total Operating Revenues
$512,033673,308687,720616,408267,2060
Total Operating Revenues Per Capita
$117159167155710
Group Weighted Average Revenues Per Capita288283275278288272
State Weighted Average Revenues Per Capita306290293293286262








% to Total Operating Revenues






Operating Expenses
97.70%91.63%88.94%80.83%155.33%0.00%
Group Weighted Average
92.33%91.31%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
2.30%8.37%11.06%19.17%-55.33%0.00%
Group Weighted Average
7.67%8.69%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%37.69%0.00%0.00%0.00%
Group Weighted Average
1.46%1.47%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
42.88%0.00%0.00%0.00%0.00%0.00%
Group Weighted Average
3.56%9.03%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
-30.05%-7.55%43.01%10.17%-65.82%0.00%
Group Weighted Average
15.83%9.10%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
2.201.721.911.111.7993.15
Group Weighted Average
3.003.223.123.263.673.54
State Weighted Average
3.202.812.962.902.821.82








Days Sales in Receivables
8.059.751.659.087.7N/A
Group Weighted Average
58.161.853.954.254.153.6
State Weighted Average
58.858.656.160.758.160.0








Days Cash on Hand
693.0611.3486.6381.8248.411,364.3
Group Weighted Average
389.6441.3485.2520.4454.6443.8
State Weighted Average
526.9479.1507.5565.1514.1479.7








Cash flow from Operations
$159,704183,867219,553204,101-87,057-34,413








Debt to Equity
0.001.281.281.421.462.06
Group Weighted Average
0.290.280.240.260.240.25
State Weighted Average
0.600.560.570.550.520.54








Debt per Capita
01,0441,0851,1301,1951,257
Group Weighted Average
391386343339315324
State Weighted Average
997927932886798753








Capital Expenditures:
201020092008200720062005


$3,44000000










2004200320022001



$0065,8860









Capital Contributions: Excluded from income above
$10,4518,22221,42728,6001,076,560105,035
















Operating Statistics














Estimated population of the areas served Water0003,767NANA
Estimated population of the areas served Sewer0000NANA








Number of Gallons of Water Processed (000) omitted858589,37570,818NANA
Number of Gallons of Sewage Processed (000) omitted0000NANA








Number of Gallons of Water Billed (000) omitted86884,35967,912NANA
Number of Gallons of Sewage Billed (000) omitted0000NANA








Ratio of Water Billed to Water Processed1.011940.094120.943880.95897NANA
Ratio of Sewage Billed to Sewage Processed



NANA








Total Revenue from Water Sales532,805628,765617,215556,612NANA
Total Revenue from Sewage Sales0000NANA








Water Revenue per 1000 gallons of Sales



147.76002NANA
Sewage Revenue per 1000 gallons of Sales




NANA








Group Average Sales per thousand Gallons Water$146.31258$40.01634$1,510.62899$1,842.80047NANA
Group Average Sales per thousand Gallons Sewage$68.15979$34.27675$1,219.60613$1,733.12394NANA








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$6,514.647547,989.285717.539568.30386NANA
Residential Sewage Sales per thousand Gallons



NANA








Water Sales per thousand Gallons outside Municipal Limits



NANA
Sewage Sales per thousand Gallons outside Municipal Limits



NANA








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



Financial Graphs and Comparisons


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Analysis of Available Fund Balance: General Fund

20062007200820092010
Unit's FBA %61.04%53.65%51.18%44.50%51.50%
Group average FBA %62.32%64.31%65.07%70.26%68.00%
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 2,500 to 9,999

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Analysis of Property Tax

20062007200820092010
Municipality95.57%95.07%95.80%95.83%95.33%
Pop. Group96.72%96.70%95.81%95.41%96.69%
Statewide97.55%97.58%97.56%97.36%97.61%






Municipal Population Group: No Electric 2,500 to 9,999






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Analysis of General Obligation Debt

20062007200820092010
Municipality1,1951,1301,0811,0380
Pop. Group162149152158107
Statewide495478456455449






Municipal Population Group: 2,500 to 4,999






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Analysis of Revenue

20062007200820092010
Property Tax$179183197189184
Utility92271203190129
Sales Tax235246236211189
Sales & Services3144423231
Intergovernmental139124147129132
Debt Proceeds00000
Other Miscellaneous1181175454529
Total$7949851,370796694

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Analysis of Revenue for Fiscal 2010











2010
2010
CategoryRevenue
Per Capita
Property Tax$804,026
$184
Water/Sewer32,137
7
Electric530,325
121
Other Utilities0
0
Sales Tax827,416
189
Sales & Services137,048
31
Intergovernment575,247
132
Debt Proceeds59
0
Miscellaneous127,666
29
Total$3,033,924
$694





Municipal Population Group: No Electric 2,500 to 9,999





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Analysis of Expenditures by Function for Fiscal 2010











2010
2010
CategoryExpenditures
Per Capita
General Government$701,121
$161
Water/Sewer3,440
1
Electric1,164,867
266
Other Utilities-3,440
-1
Debt Service398,523
91
Transportation453,014
104
Public Safety779,623
178
Other280,994
64
Total$3,778,142
$864





Municipal Population Group: No Electric 2,500 to 9,999





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Analysis of Expenditures by Object for Fiscal 2010






2010
2010
CategoryExpenditures
Per Capita
Salaries & Wages$1,321,910
$302
Water/Sewer Capital3,440
1
Electric Capital773,972
177
Other Capital221,030
51
Other Operating1,457,790
334
Total$3,778,142
$864





Municipal Population Group: No Electric 2,500 to 9,999





Last Updated 5/4/2011 8:13:53 PM