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

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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	$799,484	810,519	728,307	674,983	613,642	580,250
		Utility	737,994	772,754	1,034,772	266,254	-	-
		Sales Tax	896,441	967,615	979,226	886,279	790,247	694,524
		Sales & Services	184,904	173,500	138,160	154,876	102,039	37,700
		Intergovernmental	544,892	606,745	495,149	521,972	433,683	370,580
		Debt Proceeds	53,693	1,905,030	52,787	58,668	1,000,000	194,107
		Other Miscellaneous	154,646	399,455	494,632	429,739	269,079	178,104
		Total	$3,372,054	5,635,618	3,923,033	2,992,771	3,208,690	2,055,265

	Expenditures by Function
		Utility	$678,874	680,036	538,258	315,443	61,204	-
		Debt Service	576,517	478,782	418,424	352,689	91,650	124,602
		Transportation	531,263	819,559	891,738	1,734,824	538,973	629,823
		General Government	1,737,665	1,696,321	769,966	501,265	558,016	530,921
		Public Safety	770,490	682,851	719,391	668,521	388,634	367,268
		Other	324,437	408,374	377,495	274,615	233,286	181,931
		Total	$4,619,246	4,765,923	3,715,272	3,847,357	1,871,763	1,834,545

	Expenditures by Object
		Salaries & Wages	$1,281,544	1,195,624	1,066,611	906,094	738,208	666,897
		Capital Outlay	1,153,853	1,332,381	489,997	863,275	94,807	252,065
		Other Operating + Debt Service	2,183,849	2,237,918	2,158,664	2,077,988	1,038,748	915,583
		Total	$4,619,246	4,765,923	3,715,272	3,847,357	1,871,763	1,834,545


	Per Capita Revenues by Source
		Property Tax	$189	197	183	179	171	169
		Utility	174	188	260	71	-	-
		Sales Tax	210	236	246	234	221	203
		Sales & Services	44	42	35	41	29	11
		Intergovernmental	129	147	124	139	121	108
		Debt Proceeds	13	463	13	16	279	57
		Other Miscellaneous	37	97	124	114	75	52
		Total	$796	1,370	985	794	896	600

	Per Capita Expenditures by Function
		Utility	$160	165	135	84	17	-
		Debt Service	136	116	105	94	26	36
		Transportation	125	199	224	461	151	184
		General Government	411	413	193	132	155	155
		Public Safety	182	166	181	177	109	107
		Other	77	99	95	73	65	53
		Total	$1,091	1,158	933	1,021	523	535

	Per Capita Expenditures by Object
		Salaries & Wages	$303	291	268	241	206	195
		Capital Outlay	272	324	123	229	26	74
		Other Operating	516	543	542	551	291	266
		Total	$1,091	1,158	933	1,021	523	535

	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
		Number of Municipalites in Group	119	117	120	119	116	114
		Average Population In Group	4,614	4,782	4,848	4,820	4,759	4,871
		City of Boiling Spring Lakes Population	4,235	4,115	3,983	3,767	3,580	3,427
	Group Average Per Capita Revenues by Source
		Property Tax	345	342	312	306	296	284
		Utility	313	319	316	326	307	292
		Sales Tax	140	162	158	154	146	140
		Sales & Services	86	82	79	74	70	68
		Intergovernmental	184	184	176	160	165	184
		Debt Proceeds	212	176	109	95	65	77
		Other Miscellaneous	105	127	161	126	110	97
		Total	1,385	1,392	1,311	1,241	1,159	1,142

	Group Average Per Capita Expenditures by Function
		Utility	415	381	334	305	290	305
		Debt Service	101	105	97	98	101	104
		Transportation	95	113	112	112	105	100
		General Government	185	172	160	156	154	159
		Public Safety	317	325	312	280	268	261
		Other	218	235	237	209	218	199
		Total	1,331	1,331	1,252	1,160	1,136	1,128

	Group Average Per Capita Expenditures by Object
		Salaries & Wages	430	425	408	390	385	359
		Capital Outlay	320	287	254	205	179	208
		Other Operating	581	619	590	565	572	561
		Total	1,331	1,331	1,252	1,160	1,136	1,128


General Fund Go to top of page			2009	2008	2007	2006	2005	2004
	General Fund revenues		$2,478,612	2,781,296	2,698,172	2,575,443	2,208,690	1,846,134
	General Fund expenditures		2,826,648	3,054,371	3,000,959	3,412,448	1,810,559	1,792,259
	Operating transfers in		584	-	-	-	233,025	-
	Operating transfers out		-	259,186	-	-	80,000	37,802
	Capital leases and installment purchase proceeds		31,607	286,084	52,787	58,668	1,000,000	194,107
	Other items		-	-	-	-	-	-
	Excess of revenues and other sources over (under) expenditures and other uses		(315,845)	(246,177)	(250,000)	(778,337)	1,551,156	210,180

	Fund balance available (FBA):
		In dollars	$1,243,886	1,549,483	1,581,713	2,047,152	3,199,141	1,601,683
		FBA as a % of GF Net Expenditures:
		Unit's FBA %	44.50	51.18	53.65	61.04	359.23	97.91
		Group weighted average FBA %	70.08	65.07	64.31	62.32	62.21	61.38
		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	$440,615	429,464	68,914	411,023	2,153,071	2,088,112
		Quick ratio	1.72	1.91	1.11	1.79	93.15	0.00
		Net income	(42,640)	317,192	91,260	900,692	(104,769)	2,030,740
		Cashflow from operations	183,867	219,553	204,101	(87,057)	(34,413)	0
		Depreciation & Amortization Expense	137,064	126,920	117,422	99,621	1,068	0



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

		Population at July 1st of the Previous Year	4,235	4,115	3,983	3,767	3,580	3,427
		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
		Cash &Investments	$2,092,184	2,252,104	5,079,488	2,302,948	3,307,777	1,668,021
		Investment Earnings	92,372	204,650	224,902	165,339	58,184	8,260
		Tax Rate Equivalent	0.0137	0.0312	0.0772	0.0632	0.0240	0.0036
		Tax Rate Equivalent Group weighted average	0.0129	0.0296	0.0439	0.0322	0.0212	0.0115
		Tax Rate Equivalent Statewide weighted average	0.0133	0.0524	0.0920	0.0573	0.0415	0.0340
		Latest year of Revaluation		2007	2003	2003	2003	2003
		January 1, Prior Year Assessed Valuation	$673,894,668	655,701,962	291,153,429	261,575,433	242,556,106	231,087,122
		Tax Rate	0.1200	0.1200	0.2500	0.2500	0.2500	0.2500
		Tax Rate Group weighted average	0.2710	0.2682	0.3126	0.3191	0.3626	0.3759
		Tax Rate State Wide	0.4267	0.4243	0.4452	0.4321	0.4448	0.4566
		Assessment -to-Sales Ratio	98.07	99.29	62.50	80.00	87.38	100.00
		Assessment -to-Sales Ratio Group weighted average	92.21	90.92	83.47	91.52	85.31	89.22
		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	$687,156,794	660,390,736	465,845,486	326,969,291	277,587,670	231,087,122
		EffectiveTax Rate	0.1177	0.1191	0.1563	0.2000	0.2185	0.2500
		Group weighted average Effective Tax Rate	0.2499	0.2438	0.2610	0.2921	0.3093	0.3354
		Statewide weighted average Effective Tax Rate	0.3875	0.3756	0.3936	0.3987	0.4108	0.4209
		Percent Collected	95.83	95.80	95.07	95.57	95.87	95.47
		Percent Collected Group weighted average	97.20	96.72	96.76	96.72	96.85	96.72
		Percent Collected Statewide	97.78	97.64	97.59	97.55	97.42	97.31
		Percent Collected Excluding Motor Vehicles	96.58	96.70	96.98	97.27	97.55	97.17
		Percent Collected Excluding Motor Vehicles Group weighted average	97.55	98.08	98.00	98.08	97.96	98.15
		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	83.97	86.15	82.71	84.51	83.71	82.68
		Percent Collected Motor Vehicles Only Group weighted average	85.15	85.75	86.04	86.22	85.87	85.65
		Percent Collected Motor Vehicles Only Statewide weighted average	86.66	86.74	86.71	86.80	87.31	87.46
		Tax Uncollected	7,758	33,796	35,937	29,270	25,161	26,211
		Tax Rate Equivalent	0.0012	0.0052	0.0123	0.0112	0.0104	0.0113
		Dominant County: Brunswick
	Debt Information
		Population Group	2,500 to 4,999	2,500 to 4,999	2,500 to 4,999	2,500 to 4,999	2,500 to 4,999	2,500 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	$4,397,000	4,450,000	4,500,000	4,500,000	4,500,000	4,500,000
		General Government GO Debt	0	0	0	0	0	0
		Total General Obligation Debt	4,397,000	4,450,000	4,500,000	4,500,000	4,500,000	4,500,000
		Per Capita	$1,038	1,081	1,130	1,195	1,257	1,313
		Total Per Capita for the Population Group	158	152	149	162	162	159
		Total Per Capita Statewide	455	456	478	495	505	548
		Total per Assessed Valuation Adjusted for Current Year Sales	0.6399%	0.6738%	0.9660%	1.3763%	1.6211%	1.9473%
		Total per Assessed Valuation Adjusted for Current Year Sales- Group Average	0.1078%	0.1101%	0.1223%	0.1565%	0.1724%	0.1878%
		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	$0	0	0	0	0	0
		--General Government	2,180,000	2,300,000	800,000	900,000	1,000,000	0
		Total*	$2,180,000	2,300,000	800,000	900,000	1,000,000	0
		* 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 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		4,235	4,115	3,983	3,767	3,580	3,427

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	5,490,151	5,982,370	4,278,993	4,359,796	4,509,135	2,558,422
1.5B	FISCAL	Governmental Activities Liabilities	2,563,239	2,828,904	1,060,592	1,194,501	1,371,369	704,320
3.5A	SUMMARY	Business Type Activities Assets	8,056,150	8,029,095	7,732,232	7,780,271	6,845,758	6,932,348
3.5B		Business Type Activities Liabilties	4,604,489	4,534,794	4,555,124	4,694,422	4,660,601	4,642,422
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	774,466	771,408	692,938	630,108	593,359	565,586
11	TAX	Current collection of special tax districts
12	REVENUES	Prior years' levy collections	19,494	31,706	27,299	34,136	14,900	9,085
13		Penalties and interest	5,524	7,405	8,070	10,739	5,383	5,579
14		Collection of taxes previously written off
15		Animal tax	4,875	1,690	1,391	1,110	1,328	1,468
15.1		Solid Waste Disposal Tax
16		1% Local government sales and use tax	412,336	425,961	403,240	385,727	395,123	347,262
17		1/2% Local government sales and use taxes (Article 40)	188,657	202,372	197,509	168,656	197,562	173,631
18		1/2% Local government sales and use taxes (Article 42)	186,302	200,202	195,269	166,823	197,562	173,631
18.5		1/2% Local government sales and use taxes (Article 44)	109,146	139,080	183,208	165,073
19		Licenses Privilege						2,910
19.1		Privilege - Occupational & business licensing & permit taxes	3,205	5,529	4,534	3,179	3,353
19.2		Privilege -- All other privileges and pemits
20		General Municipal Vehicle Tax
21		Vehicle Tax for Public Transportation
22		Other licenses - Include CATV		5,456	45,721	24,386	21,016	18,133
23		Local occupancy tax
24		Prepared food tax
25		911 charges
26		Gross Receipts Tax on Short Term Vehicles Leases
27	FEDERAL	FEDERAL Payment in lieu of taxes
28	INTERGOV	Equitable sharing of Federally forfeited property
29	REVENUES	General government
30		Public safety
31		Transportation - Streets
32		Transportation - All other
33		Utility franchise tax				31,625
34		Housing/community development
35		All Other
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
41	REVENUES	Intangibles tax reimbursement + Transistional Hold Harmless Revenues
42		Wireless Enhanced 911 Service Charges
43		Piped Natural Gas Charge Distribution
44		Utility franchise tax	209,468	190,870	149,380	125,922	109,547	101,549
45		Beer and Wine tax	18,480	18,347	17,022	15,813	15,169	14,203
46		Powell Bill	284,691	314,224	276,582	277,062	275,387	247,154
47		Food stamp purchases tax reimbursement
48		Inventories tax reimbursements
49		Senior Citizens Exemption - 50%
50		Court fees - Facilities and arrest fees
51		General Government
52		Public safety	7,223	29,334	52,165	71,550
53		Transportation - Streets
54		Transportation - All other
55		Environmental protection	25,030	53,970
56		Econ. & Phys. Dev. - Housing/Comm. Dev.
57		Econ. & Phys. Dev. - All Other
58		Human Services: Health, mental health, hospitals
59		All Other
60		Culture and recreation
61	LOCAL	LOCAL Payment in lieu of taxes
62	INTERGOV	General government
63	REVENUES	Public safety					33,580	7,674
64		Transportatin - Streets
65		Transportation - All other
66		Environmental protection
67		Economic and physical development
68		Human Services: Health, Mental Health & Hosp
69		Human Services: All Other
70		Culture and recreation
71	PERMITS	Building permits	36,460	88,717	96,304	157,936	154,509	91,891
72	& FEES	Inspection fees
72.1		Amusements licensing and permit taxes
73		Other permits	16,500	63,750	79,750	43,500
74	SALES &	Parking revenues
75	SERVICES	Rents and royalties	12,101	17,705	11,379	11,048	10,726	24,327
76		Airport
77		Fire protection charges
78		Solid waste
79		Ambulance and rescue squad charges
80		Cemeteries
81		Recreation service revenues	107,742	92,871	82,914	64,075	36,234
82		Library service revenues
83		Other cultural and recreational service revenues
84		Mass transit - city operated
85		Other sales and services	65,061	62,924	43,867	79,753	55,079	13,373
86	UTILITY	Water and sewer charges	737,994	772,754	1,034,772	266,254
87	REVENUES	Electric charges
88		Gas charges
88.1		Storm Water Fees
89	MISC.	On bond proceeds						15,024
90	REVENUES	On general and all other funds	92,372	204,650	224,902	165,339	58,184	8,260
91		Special assessments
92		Private contribution and donations
93		Sales of materials and fixed assets	1,079	5,166	17,803	7,454	4,559
94		Sales of real property
95		Nongovernment contributions for streets and traffic signals
96		Mixed drink surcharge
97		ABC profit distribution	155	24,497	24,227	26,835	26,130	11,645
98		Other miscellaneous revenues						705
99		Proceeds of the sale of bonds and notes
100		Proceeds of capital leases and installment purchases	53,693	1,905,030	52,787	58,668	1,000,000	194,107
101		Other						28,068
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	4,180	7,679
106		Deposits other than utility
107		Prepaid taxes	-1,351	1,002
108		Prepaid privilege licenses
109A	PART 4	Governing body - Salaries	7,875	5,900	5,100	5,100	5,250	5,100
109B	GENERAL	Governing body - All other Direct	59,867	47,698	42,140	33,536	30,805	31,334
109C	GOVT	Governing body - Construction
109D		Governing body - Land, Equipment and Existing Structures
110A		Administration - Salaries	267,029	264,860	221,101	204,403	156,231	174,881
110B		Administration - All other Direct	346,928	373,122	302,203	204,438	183,727	190,558
110C		Administration - Construction	856,220	786,315
110D		Administration - Land, Equipment and Existing Structures	22,560	47,321	2,032	7,360	1,267
111A		Elections (cost of) - Salaries
111B		Elections (cost of) - All other Direct				98		1,459
111C		Elections (cost of) - Construction
111D		Elections (cost of) - Land, Equipment and Existing Structures
112A		Finance - Salaries
112B		Finance - All other Direct
112C		Finance - Construction
112D		Finance - Land, Equipment. and Existing Structures
113A		Taxes - Salaries
113B		Taxes - All other Direct
113C		Taxes - Construction
113D		Taxes - Land, Equipment, and Existing Structures
114A		Legal - Salaries
114B		Legal - All other Direct
114C		Legal - Construction
114D		Legal - Land, Equipment, and Existing Structures
115A		Public Buildings - Salaries	81,779	62,506	54,560
115B		Public Buildings - All other Direct	76,846	63,786	124,574	37,977	55,582	22,098
115C		Public Buildings - Construction
115D		Public Buildings - Land, Equipment, and Existing Structures	18,561	42,567
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
117B		Central Facilities - All other Direct
117C		Central Facilites - Construction
117D		Central Facilites - Land, Equipment, and Existing Structures
118A		General Government All Other - Salaries					83,838	70,671
118B		General Government All Other - All other Direct		2,246	18,256	8,353	41,316	34,820
118C		General Government All Other - Construction
118D		General Government All Other - Land, Equipment, and Existing Structures
119A	PUBLIC	Police and Communications - Salaries	357,212	329,735	296,325	256,460	222,298	205,101
119B	SAFETY	Police and Communications - All other Direct	182,333	171,756	177,832	137,664	140,669	114,809
119C		Police and Communications - Construction
119D		Police and Communications - Land, Equipment and Existing Structures	40,420	18,385	37,061	68,271	17,721	33,940
120A		Emergency Communications - Salaries
120B		Emergency Communications - All other Direct
120C		Emergency Communications - Construction
120D		Emergency Communications - Land, Equipment and Existing Structures
121A		Emergency Management - Salaries
121B		Emergency Management - All other Direct
121C		Emergency Managment - Construction
121D		Emergency Management - Land, Equipment, and Existing Structures
122A		Fire - Salaries
122B		Fire - All other Direct
122C		Fire - Construction
122D		Fire - Land, Equipment, and Existing Structures
123A		Inspectors - Salaries	106,926	95,583	131,705	84,024
123B		Inspectors - All other Direct	52,096	44,122	62,806	46,586
123C		Inspectors - Construction
123D		Inspectors - Land, Equipment, and Existing Structures				13,050
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				17,961	1,069	3,447
125B		Animal Control - All other Direct				11,737	1,737	5,463
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
127B	TATION	Traffic Engineering - All other Direct
127C		Traffic Engineering - Construction
127D		Traffic Engineering - Land, Equipment, and Existing Structures
128A		Streets and Highways - Salaries	211,190	211,048	197,949	220,921	195,988	204,134
128B		Streets and Highways - All other Direct	307,657	368,030	445,440	753,057	134,777	82,905
128C		Streets and Highways - Construction
128D		Streets and Highways - Land, Equipment and Existing Structures	12,416	240,481	248,349	760,846	62,724	102,699
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					145,484	162,461
130C		State Street Aid Allocation - Powell Bill - Construction
130D		State Street Aid Allocation - Powell Bill - Land, Equipment, and Existing Structures						77,624
131A		Parking Facilities - Salaries
131B		Parking Facilities - All other Direct
131C		Parking Facilities - Construction
131D		Parking Facilites - Land, Equipment, and Existing Structures
132A		Mass Transit - City - Salaries
132B		Mass Transit - City - All other Direct
132C		Mass Transit - City - Construction
132D		Mass Transit - City - Land, Equipment, and Existing Structures
133B		Mass Transit - Private - All other Direct only
134A		Airport - Salaries
134B		Airport - All other Direct
134C		Airport - Construction
134D		Airport - Land, Equipment, and Existing Structures
135A		Transportation - All Other - Salaries
135B		Transportation - All Other - All other Direct
135C		Transportation - All Other - Construction
135D		Transportation - All Other - Land, Equipment, and Existing Structures
136A	ENVIRON	Solid Waste - Salaries
136B	MENTAL	Solid Waste - All other Direct	20,576	19,569	20,713	18,643	19,328	18,051
136C	PROTECTION	Solid Waste - Construction
136D		Solid Waste - Land, Equipment, and Existing Structures
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	6,307	6,399	4,426	3,132	3,090	3,060
139C		Environmental Protection - All Other - Construction
139D		Environmental Protection All Other - Land, Equipment, and Existing Structures
140A	ECONOMIC	Planning and Zoning - Salaries
140B	& PHYSICAL	Planning and Zoning - All other Direct					3,600
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
141C		Economic Development - Construction
141D		Economic Development - Land, Equipment, and Existing Structures
142A		Community Development - Salaries
142B		Community Development - All other Direct
142C		Community Development - Construction
142D		Community Development - Land, Equipment, and Existing Structures
143A		Housing and Urban Renewal - Salaries
143B		Housing and Urban Renewal - All other Direct
143C		Housing and Urban Renewal - Construction
143D		Housing and Urban Renewal - Land, Equipment, and Existing Structures
144A		Special Employment Programs (JTPA) - Salaries
144B		Special Employment Programs (JTPA) - All other Direct
144C		Special Employment Programs (JTPA) - Construction
144D		Special Employment Programs (JTPA) - Land, Equipment, and Existing Structures
145A		Economic and Physical Development - All Other - Salaries [A]
145B		Economic and Physical Development - All Other - All other Direct
145C		Economic and Physical Development - All Other - Construction
145D		Economic and Physical Development - All Other - Land, Equipment, and Existing Structures
146A	HUMAN	Health - Salaries
146B	SERVICES	Health - All other Direct
146C		Health - Construction
146D		Health - Land, Equipment, and Existing Structures
147A		Mental Health - Salaries
147B		Mental Health - All other Direct
147C		Mental Health - Construction
147D		Mental Health - Land, Equipment, and Existing Structures
148A		Social Services - Salaries
148B		Social Services - All other Direct
148C		Social Services - Construction
148D		Social Services - Land, Equipment, and Existing Structures
149B		Subsidies Paid: Hospitals - City Owned - All other Direct
150B		Subsidies Paid: Hospitals - Private Owned - All other Direct
151A		Other Human Services: Legal Aid - Salaries
151B		Other Human Services: Legal Aid - All other Direct
151C		Other Human Services: Legal Aid - Construction
151D		Other Human Services: Legal Aid - Land, Equipment, and Existing Structures
152A		Human Services - All Other - Salaries
152B		Human Services - All Other - All other Direct
152C		Human Services - All Other - Construction
152D		Human Services - All Other - Land, Equipment, and Existing Structures
153A	CULTURE	Recreation and Parks - Salaries	121,011	105,873	90,807	76,361	55,741	3,563
153B	RECREATION	Recreation and Parks - All other Direct	158,639	276,533	217,850	162,731	143,927	119,455
153C		Recreation and Parks - Construction
153D		Recreation and Parks - Land, Equipment, and Existing Structures	17,904		43,699	13,748	7,600	37,802
154A		Coliseum - Salaries
154B		Coliseum - All other Direct
154C		Coliseum - Construction
154D		Coliseum - Land, Equipment, and Existing Structures
155A		Museums - Salaries
155B		Museums - All other Direct
155C		Museums - Construction
155D		Museums - Land, Equipment, and Existing Structures
156A		Libraries - Salaries
156B		Libraries - All other Direct
156C		Libraries - Construction
156D		Libraries - Land, Equipment, and Existing Structures
157A		Culture and Recreation - All Other - Salaries
157B		Human Services - All Other - All other Direct
157C		Human Services - All Other - Construction
157D		Human Services - All Other - Land, Equipment, and Existing Structures
158A	UTILITY	Water and Sewer - Salaries	128,522	120,119	69,064	40,864	17,793
158B		Water and Sewer - All other Direct	364,580	362,605	310,338	274,579	37,916
158C		Water and Sewer - Construction	15,101	30,362	111,427
158D		Water and Sewer - Land, Equipment, and Existing Structures	170,671	166,950	47,429		5,495
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	190,483	191,720	176,055
161D	SERVICE	Water and Sewer - Debt Service Principal Payments	67,021	53,481
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	80,059	38,958	40,413	165,153	11,612	9,965
166D		All Other - Debt Service Principal Payments	238,954	194,623	201,956	187,536	80,038	114,637
167B	PENSION	Direct Benefit Program - Pension Fund operated by the Unit
168B	FRINGE	Fringe Benefits Unallocated - (B)
169B		Separation Allowance - Law Enforcement Officers -(B)	15,334	7,077		20,679
170B		Separation Allowance - Other Employees - (B)
171B		Supplemental Retirement Income Plan for Law Enforcement Officers - (B)	16,169	16,193	13,662	12,089	5,140	4,508
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	761,724	736,949	631,049	572,438	535,883	510,929
180	OTHER	Current Year Levy Motor Vehicles Only	47,801	68,255	97,826	88,211	73,732	67,716
181	DATA	Uncollected Taxes - Current Year's Levy - Excluding Motor Vehicles	26,087	24,341	19,027	15,607	13,147	14,484
182		Uncollected Taxes - Current Year's Levy - Motor Vehicles	7,662	9,455	16,910	13,663	12,014	11,727
183		Percentage of Taxes Collected - Current Year All Property	95.83	95.80	95.07	95.57	95.87	95.47
184		Percentage of Taxes Collected - Current Year - Excluding Motor Vehicles	96.58	96.70	96.98	97.27	97.55	97.17
185		Percentage of Taxes Collected - Current Year - Motor Vehicles	83.97	86.15	82.71	84.51	83.71	82.68
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					1,734,569	4,224,173
189C	INVEST	Cash on Hand and in Bank, and Securities - All Other	2,092,184	2,252,104	5,079,488	2,302,948	3,307,777	1,668,021
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	3,372,638	8,942,442	3,923,033	2,992,771	3,208,690	2,055,265
194B	FISCAL	Amounts - Subtract proceeds of refunding debt
194C	SUMMARY	Amounts - Subtract interfund transfers in	584	3,306,824
194D		Amounts - Net Revenues per AFIR	3,372,054	5,635,618	3,923,033	2,992,771	3,208,690	2,055,265
		Calculated amount	3,372,054	5,635,618	3,923,033	2,992,771	3,208,690	2,055,265
		Amounts in AGREEMENT??	Yes	Yes	Yes	Yes	Yes	Yes
		Difference
195A		Amounts - Total Expenditures and other financing sources per audit	4,619,830	8,072,747	3,715,272	3,847,357	1,871,763	1,834,545
195B		Amounts - Subtract payments to refunding debt escrow agent
195C		Amounts - Subtract interfund transfers out	584	3,306,824
195D		Amounts Net Expenditures per AFIR	4,619,246	4,765,923	3,715,272	3,847,357	1,871,763	1,834,545
		Calculated amount	4,619,246	4,765,923	3,715,272	3,847,357	1,871,763	1,834,545
		Amounts in AGREEMENT??	Yes	Yes	Yes	Yes	Yes	Yes
		Difference

	PART 10

950		Name of Official Signatory	Karen A. Thompson
951		Title of Official	Finance Officer
952		Date Certified	11/13/2009	11/25/2008	11/30/2007
953		Person to Contact	Karen A. Thompson
954		Title of Person to Contact	Finance Officer
955		Telephone Number	910-845-2614
956		Facsimile Number	910-845-2040

Go to top of page Key Ratios and Operations Statistics of Water and Sewer Systems for
City of Boiling Spring Lakes

	2009	2008	2007	2006	2005	2004

Population	4,235	4,115	3,983	3,767	3,580	3,427
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	$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	0	14	6	9
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!	71.48%	#DIV/0!	135.40%	131.80%	154.69%
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!	28.52%	#DIV/0!	-35.40%	-31.80%	-54.69%
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!	4.51%	#DIV/0!	-2.87%	-57.18%	24.81%
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!	296.26%	#DIV/0!	577.57%	1261.79%	829.88%
State Weighted Average	968.20%	480.53%	1193.75%	778.98%	531.01%	2097.68%

Key Ratios and Cash Flow

Quick Ratio	1.72	1.91	1.11	1.79	93.15	N/A
Group Weighted Average	3.20	3.12	3.26	3.67	3.54	4.02
State Weighted Average	2.81	2.96	2.90	2.82	1.82	2.76

Days Sales in Receivables	N/A	N/A	N/A	N/A	N/A	N/A
Group Weighted Average	#DIV/0!	54.1	#DIV/0!	60.6	119.9	110.9
State Weighted Average	47.3	60.7	42.6	87.6	97.7	61.5

Days Cash on Hand	0.0	0.0	0.0	0.0	0.0	0.0
Group Weighted Average	-5.2	-334.0	-25.4	-158.6	-68.6	-170.4
State Weighted Average	-46.5	-344.5	-221.9	-343.5	-346.7	-208.8

Cash flow from Operations	$183,867	219,553	204,101	-87,057	-34,413	0

Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.00
Group Weighted Average	0.49	0.49	#DIV/0!	0.96	0.56	1.19
State Weighted Average	27.79	3.77	5.74	3.82	2.36	3.93

Debt per Capita	0	0	0	0	0	0
Group Weighted Average	31	86	84	165	92	107
State Weighted Average	754	535	335	660	675	266

Capital Expenditures:	2009	2008	2007	2006	2005	2004
	$185,772	197,312	158,856	0	5,495	0

	2003	2002	2001	2000
	$0	65,886	0	0

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


Operating Statistics

Estimated population of the areas served Water	0	0	3,767	NA	NA	NA
Estimated population of the areas served Sewer	0	0	0	NA	NA	NA

Number of Gallons of Water Processed (000) omitted	85	89,375	70,818	NA	NA	NA
Number of Gallons of Sewage Processed (000) omitted	0	0	0	NA	NA	NA

Number of Gallons of Water Billed (000) omitted	8	84,359	67,912	NA	NA	NA
Number of Gallons of Sewage Billed (000) omitted	0	0	0	NA	NA	NA

Ratio of Water Billed to Water Processed	0.09412	0.94388	0.95897	NA	NA	NA
Ratio of Sewage Billed to Sewage Processed				NA	NA	NA

Total Revenue from Water Sales	628,765	617,215	556,612	NA	NA	NA
Total Revenue from Sewage Sales	0	0	0	NA	NA	NA

Water Revenue per 1000 gallons of Sales			147.76002	NA	NA	NA
Sewage Revenue per 1000 gallons of Sales				NA	NA	NA

Group Average Sales per thousand Gallons Water	$40.43905	$1,510.62899	$1,842.80047	NA	NA	NA
Group Average Sales per thousand Gallons Sewage	$34.24740	$1,202.09823	$1,724.69791	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	$7,989.28571	7.53956	8.30386	NA	NA	NA
Residential Sewage Sales per thousand Gallons				NA	NA	NA

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

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

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 %	359.23%	61.04%	53.65%	51.18%	44.50%
Group average FBA %	62.21%	62.32%	64.31%	65.07%	70.08%
State average Electric/Non Electric Group FBA %	36.82%	37.38%	37.38%	36.63%	37.77%
State average FBA %	36.78%	36.96%	62.21%	36.34%	37.00%

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

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2005 2006 2007 2008 2009

Municipality 95.87% 95.57% 95.07% 95.80% 95.83%

Pop. Group 96.85% 96.72% 96.76% 96.72% 97.20%

Statewide 97.42% 97.55% 97.59% 97.64% 97.78%

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

	2005	2006	2007	2008	2009
Municipality	95.87%	95.57%	95.07%	95.80%	95.83%
Pop. Group	96.85%	96.72%	96.76%	96.72%	97.20%
Statewide	97.42%	97.55%	97.59%	97.64%	97.78%

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

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2005 2006 2007 2008 2009

Municipality 1,257 1,195 1,130 1,081 1,038

Pop. Group 162 162 149 152 158

Statewide 505 495 478 456 455

Municipal Population Group: 2,500 to 4,999

	2005	2006	2007	2008	2009
Municipality	1,257	1,195	1,130	1,081	1,038
Pop. Group	162	162	149	152	158
Statewide	505	495	478	456	455

Municipal Population Group: 2,500 to 4,999

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2005 2006 2007 2008 2009

Property Tax $171 179 183 197 189

Utility 0 71 260 188 174

Sales Tax 221 234 246 236 210

Sales & Services 29 41 35 42 44

Intergovernmental 121 139 124 147 129

Debt Proceeds 279 16 13 463 13

Other Miscellaneous 75 114 124 97 37

Total $896 794 985 1,370 796

	2005	2006	2007	2008	2009
Property Tax	$171	179	183	197	189
Utility	0	71	260	188	174
Sales Tax	221	234	246	236	210
Sales & Services	29	41	35	42	44
Intergovernmental	121	139	124	147	129
Debt Proceeds	279	16	13	463	13
Other Miscellaneous	75	114	124	97	37
Total	$896	794	985	1,370	796

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2009
2009

Category Revenue
Per Capita

Property Tax $799,484
$189

Water/Sewer 737,994
174

Electric 0
0

Other Utilities 0
0

Sales Tax 896,441
210

Sales & Services 184,904
44

Intergovernment 544,892
129

Debt Proceeds 53,693
13

Miscellaneous 154,646
37

Total $3,372,054
$796

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

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2009
2009

Category Expenditures
Per Capita

General Government $1,737,665
$411

Water/Sewer 678,874
160

Electric 0
0

Other Utilities 0
0

Debt Service 576,517
136

Transportation 531,263
125

Public Safety 770,490
182

Other 324,437
77

Total $4,619,246
$1,091

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

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2009
2009

Category Expenditures
Per Capita

Salaries & Wages $1,281,544
$303

Water/Sewer Capital 185,772
44

Electric Capital 0
0

Other Capital 968,081
229

Other Operating 2,183,849
516

Total $4,619,246
$1,091

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

Last Updated 6/11/2010 9:25:54 AM



	2009	2009
Category	Revenue	Per Capita
Property Tax	$799,484	$189
Water/Sewer	737,994	174
Electric	0	0
Other Utilities	0	0
Sales Tax	896,441	210
Sales & Services	184,904	44
Intergovernment	544,892	129
Debt Proceeds	53,693	13
Miscellaneous	154,646	37
Total	$3,372,054	$796

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

North CarolinaDepartment of State TreasurerFinancial InformationCity of Boiling Spring Lakes

Financial Graphs and Comparisons

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