North Carolina
Department of State Treasurer
Financial Information
Town of China Grove



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$1,051,180 1,091,892 1,095,722 1,053,180 1,028,862 946,643


Utility 1,970,461 1,759,200 1,768,888 1,752,235 1,659,656 1,883,396


Sales Tax 500,913 654,590 722,783 711,592 682,750 601,522


Sales & Services 37,302 37,861 93,067 35,627 33,840 31,424


Intergovernmental 712,199 411,774 449,815 425,827 352,653 381,385


Debt Proceeds 7,774 39,009 2,490 31,812 18,077 40,083


Other Miscellaneous 19,366 53,732 159,917 107,095 93,122 125,778


Total$4,299,195 4,048,058 4,292,682 4,117,368 3,868,960 4,010,231










Expenditures by Function







Utility$1,443,402 1,345,819 1,278,028 1,350,618 1,175,602 1,780,821


Debt Service 636,613 698,352 743,710 546,017 551,862 511,631


Transportation 377,850 113,536 80,067 214,919 227,460 648,418


General Government 408,085 405,768 397,871 358,995 361,217 332,829


Public Safety 1,165,822 929,767 953,884 966,620 792,533 743,532


Other 783,092 699,106 694,083 722,637 620,015 75,764


Total$4,814,864 4,192,348 4,147,643 4,159,806 3,728,689 4,092,995










Expenditures by Object







Salaries & Wages$1,004,628 936,095 956,713 913,365 849,225 1,097,752


Capital Outlay 539,350 59,309 146,946 250,804 114,818 516,084


Other Operating + Debt Service 3,270,886 3,196,944 3,043,984 2,995,637 2,764,646 2,479,159


Total$4,814,864 4,192,348 4,147,643 4,159,806 3,728,689 4,092,995



















Per Capita Revenues by Source







Property Tax$239 251 255 248 244 241


Utility 448 404 412 413 393 479


Sales Tax 115 151 167 169 162 153


Sales & Services 8 9 22 8 8 8


Intergovernmental 162 95 105 100 84 97


Debt Proceeds 2 9 1 7 4 10


Other Miscellaneous 4 12 37 25 22 32


Total$978 931 999 970 917 1,020










Per Capita Expenditures by Function







Utility$328 309 297 318 279 453


Debt Service 145 161 173 129 131 130


Transportation 86 26 19 51 54 165


General Government 93 93 93 84 85 85


Public Safety 265 214 222 228 188 189


Other 178 161 161 170 147 19


Total$1,095 964 965 980 884 1,041










Per Capita Expenditures by Object







Salaries & Wages$229 215 223 215 201 279


Capital Outlay 123 14 34 59 27 131


Other Operating 743 735 708 706 656 631


Total$1,095 964 965 980 884 1,041










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


Town of China Grove Population 4,396 4,350 4,298 4,244 4,219 3,932

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$2,371,185 2,347,078 2,544,673 2,425,652 2,252,955 2,142,591

General Fund expenditures 2,765,702 2,227,026 2,215,511 2,348,570 2,081,621 1,922,060

Operating transfers in 189,400 - - - - -

Operating transfers out - 30,000 30,000 30,000 30,000 30,000

Capital leases and installment purchase proceeds - - - 55,305 - 60,860

Other items - - - - - -

Excess of revenues and other sources over (under) expenditures and other uses (205,117) 90,052 299,162 102,387 141,334 251,391










Fund balance available (FBA):







In dollars$1,182,161 1,624,847 1,501,438 1,199,172 1,103,896 981,558


FBA as a % of GF Net Expenditures:







 Unit's FBA %42.7471.9966.8651.6252.2851.90


 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($426,508) (329,110) 57,646 892,067 (53,300) (365,191)


Quick ratio0.60 0.69 1.05 1.70 0.96 0.56


Net income2,403 (126,076)250,186 1,339,124 882,504 458,593


Cashflow from operations384,845 442,399 506,949 395,547 194,744 440,857


Depreciation & Amortization Expense416,620 401,894 379,275 259,088 229,854 224,394


























Cash, Investments and Financing
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Population at July 1st of the Previous Year4,3964,3504,2984,2444,2193,932


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$284,784,164 289,671,074 292,251,464 260,222,450 254,657,572 242,197,119


Tax Rate0.38000.38000.38000.40000.40000.4000


Tax Rate Group weighted average0.24170.26970.26690.31160.31910.3626


Tax Rate State Wide0.40600.42620.42380.44500.43210.4448


Assessment -to-Sales Ratio97.7696.7299.7894.9098.3997.34


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$291,309,497 299,494,493 292,895,835 274,207,007 258,824,649 248,815,614


EffectiveTax Rate0.37150.36750.37920.37960.39360.3894


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 Collected95.020096.950097.560097.260097.220097.2500


Percent Collected Group weighted average96.6995.4195.8196.7096.7296.85


Percent Collected Statewide97.6197.3697.5697.5897.5597.42


Percent Collected Excluding Motor Vehicles95.7297.7498.3298.2598.1298.20


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 86.6788.1989.6187.8788.3387.19


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 Uncollected126,526 114,138 112,123 115,513 112,323 99,665


Tax Rate Equivalent0.04440.03940.03840.04440.04410.0412


Dominant County: Rowan






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 0 0 0 0 0


General Government GO Debt0 0 0 0 0 0


Total General Obligation Debt0 0 0 0 0 0


Per Capita$0 0 0 0 0 0


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%0.0000%0.0000%0.0000%0.0000%0.0000%


 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 Government0 0 0 0 0 0


Total*$0 0 0 0 0 0


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




Revenue Bond Debt $4,464,602 4,851,078 5,237,554 5,624,030 3,373,267 3,634,160


















Annual Financial Information Report Detail
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LineSectionDescription201020092008200720062005

Population at July 1st of the Previous Year Adjusted for Boundry Changes4,3964,3504,2984,2444,2193,932









1.5AFISCAL Governmental Activities Assets2,257,8773,270,1613,219,9022,872,8671,918,6161,764,376
1.5BSUMMARYGovernmental Activities Liabilities280,843221,041277,430323,312326,076415,484
3.5A
Business Type Activities Assets10,221,79610,365,96010,991,85911,404,459961,451158,449
3.5B
Business Type Activities Liabilties5,255,6235,402,1905,902,0136,564,7995,542,5433,908,290
6.5A
Fiduciary Funds Assets





6.5B
Fiduciary Funds Liabilties





10.0PART 2Current Collections of Unit -Wide Levy1,025,0341,064,9241,066,2881,013,8601,001,547871,005
11.0TAXCurrent Collections of Special Tax Districts





12.0REVENUESPrior Years' Levy Collections19,16617,98923,39528,31318,66857,339
13.0
Penalties and Interest6,9808,9796,03911,0078,64718,299
14.0
Collections of Taxes Previously Written Off





15.0
Animal Tax





15.1
Solid Waste Disposal Tax2,9642,000



16.0
1% Local Government Option Sales Tax224,597283,283249,158241,313245,969238,293
17.0
1/2% Local Government Option Sales Tax (40)148,379154,912172,752171,674156,699127,437
18.0
1/2% Local Government Option Sales Tax (42)119,808153,748171,718170,685155,822126,665
18.5
1/2% Local Government Option Sales Tax (44)8,12962,647129,155127,920124,260109,127
19.0
Privilege Licenses





19.2
Privilege -- All other privileges and pemits





20.0
Auto Licenses




72,959
21.0
Vehicle Tax for Public Transportation





22.0
Other Licenses4,6024,3624,28815,37126,62226,733
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




58,243
31.0
Transportation - Streets





32.0
Transportation - All Other198,255




33.0
Environmental Protection





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 Tax2,088




41.0REVENUESTransitional Hold Harmless127,321




42.0
Wireless Enhanced 911 Service Charges
55,418



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





42.2
ETSF Interest Income





43.0
Piped Natural Gas Charge Distribution15,59217,703



44.0
Utility Franchise Tax179,298153,283245,642220,517193,219177,365
45.0
Beer and Wine Tax6,20419,30219,55019,06418,62217,435
46.0
Powell Bill115,645129,896144,448124,442126,823120,933
50.0
Court Fees - Facilities and Arrest Fees6,2097,6316,8589,01911,1591,158
51.0
General Government





52.0
Public Safety61,58728,54133,31752,7852,8306,251
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





61.0LOCALPayments in Lieu of Taxes - Local





62.0INTERGOVGeneral Government





63.0REVENUESPublic Safety





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 Permits





72.0& FEESInspection Fees





72.1
Amusements licensing and permit taxes





73.0
Other Permits2,7503,04660,0893,9802,5251,425
74.0SALES &Parking Revenues





75.0SERVICESRents and Royalties7,55010,3859,65010,5759,9704,990
76.0
Airport





77.0
Fire Protection Charges21,22118,40118,81216,76517,55422,361
78.0
Solid Waste5,7816,0294,5164,3073,7912,648
79.0
Ambulance and Rescue Squad Charges





80.0
Cemeteries





81.0
Recreation Service Revenues





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
11,19819,02718,25319,42518,953
86.0UTILITYWater and Sewer Charges1,970,4611,748,0021,749,8611,733,9821,640,2311,864,443
87.0REVENUESElectric Charges





88.0
Gas Charges





88.1
Storm Water Fees





89.0MISC.Investment Earnings - Bond Proceeds





90.0REVENUESInvestment Earnings - All Other Funds7,24046,939152,96091,17658,52125,713
91.0
Special Assessments





92.0
Private Contributions and Donations





93.0
Sales of Materials and Fixed Assets

1,796247,97980
94.0
Sale of Real Property





95.0
Nongovt Contr For Streets & Traffic Signals





96.0
ABC Mixed Drink Surcharge





97.0
ABC Profit Distribution7,5242,431873524
293
98.0
Other Miscellaneous Revenues7,77439,0092,49031,81218,07740,083
99.0
Proceeds of Sale of Bonds and Notes





100.0
Proceeds of Capital Leases/Install Purchases





101.0
Other39,48761,60359,30756,45732,7208,700
102.0NON-REVSchool - Current Levy Collections





103.0RECEIPTSPrior Years' Levy Collections





104.0
Tax Collections for Other Units





105.0
Utilities Customer's Deposits





106.0
Deposits Other than Utility





107.0
Prepaid Taxes





108.0
Prepaid Privilege Licenses





109APART 4Governing Body - Salaries & Wages6,9906,7205,8005,6505,8755,650
109BGENERALGoverning Body - Other Direct25,96830,35919,29916,63517,9974,326
109CGOVTGoverning Body - Construction





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





110A
Administration - Salaries & Wages184,387195,653168,152173,712172,981172,525
110B
Administration - Other Direct188,160173,036158,254162,998164,364133,385
110C
Administration - Construction





110D
Administration - Purchase of P,P&E2,580
46,366


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




10,200
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




6,743
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





119APUBLICPolice & Comm - Traffic Control - Salaries and Wages395,164318,811374,747349,936303,768321,188
119BSAFETYPolice & Comm - Traffic Control - Other Direct217,735292,106216,668233,125194,399206,474
119C
Police & Comm - Traffic Control - Construction





119D
Police & Comm - Traffic Control - Purchase of P,P&E71,34359,30968,443108,63359,47329,638
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 & Wages138,780124,604112,04689,82785,70166,322
122B
Fire - Other Direct133,395116,336132,005115,821133,583105,066
122C
Fire - Construction





122D
Fire - Purchase of P,P&E189,380
32,13753,914

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





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&E




132,124
128A
Streets and Highways - Salaries & Wages




388,750
128B
Streets and Highways - Other Direct





128C
Streets and Highways - Construction




60,860
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 Direct179,594113,53680,067214,919227,46066,684
130C
Powell Bill - Construction





130D
Powell Bill - Purchase of P,P&E198,256




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 Direct





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 & Wages191,737179,417187,524165,737132,226
139B
Environ. All Other - Other Direct392,025384,977370,753348,767348,980
139C
Environ. All Other - Construction





139D
Environ. All Other - Purchase of P,P&E77,791


25,455
140AECONOMICPlanning & Zoning - Salaries & Wages





140B& PHYSICALPlanning & Zoning - Other Direct54,83359,16558,09662,48255,04331,182
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 & Wages





153BRECREATIONRecreation & Parks - Other Direct66,70675,54777,71078,21658,31144,582
153C
Recreation & Parks - Construction





153D
Recreation & Parks - Purchase of P,P&E


67,435

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





158AUTILITYWater & Sewer - Salaries & Wages87,570110,890108,444128,503148,674143,317
158B
Water & Sewer - Other Direct 1,355,8321,234,9291,169,5841,201,293997,0381,344,042
158C
Water & Sewer - Construction





158D
Water & Sewer - Purchase of P,P&E


20,82229,890293,462
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 & Fees130,364144,107178,708110,805121,653101,629
161DSERVICEWater & Sewer - Principal475,396475,396475,396349,813349,813288,485
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 & Fees4993,3446,7798,24410,44314,179
166D
All Other - Principal30,35475,50582,82777,15569,953107,338
167BPENSIONDirect Benefit Program - Other Direct





168BFRINGEFringe Benefits Unallocated





169B
Separation Allowance - Law Enforcement





170B
Separation Allowance - Other Employees





171B
Supplemental Retirement - Law Enforcement20,02518,60117,83815,36415,60914,844
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 vehicles994,823.1,007,054.00997,623.00943,400.00935,375.00886,996.00
180.0
Current year's levy -- Motor vehicles (only)83,965.91,403.0095,345.0098,990.0094,776.0083,674.00
181.0PART 6Uncollected Taxes - Current Year's Levy Except Mot Veh42,561.22,735.0016,778.0016,523.0017,547.0015,991.00
182.0OTHERUncollected Taxes - CY Levy -Motor Vehicles11,19310,7999,90212,00711,05710,715
183.0DATAPercentage of Taxes Collected - All Property %95.0296.9597.5697.2697.2297.25
184.0DATAPercentage of Taxes Collected - Exclude Motor Vehicles%95.7297.7498.3298.2598.1298.20
185.0
Percentage of Taxes Collected - Motor Vehicles %86.6788.1989.6187.8788.3387.19
186.0
Ttl Amt Salaries/Wages for Construction





187A
Capital Reserve Schools - July 1, 2009





187B
Capital Reserve Schools - June 30, 2010





188A
Capital Reserve Hospitals - July 1, 2009





188B
Capital Reserve Hospitals - June 30, 2010





189APART 7Cash On Hand & in Bank - Debt Service





189BCASH &Cash On Hand & in Bank - Construction Bond





189CINVESTCash On Hand & in Bank - All Other1,676,8902,462,2442,689,9672,957,0472,116,7151,128,805
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 Revenues4,341,6464,111,6614,351,9894,173,8253,901,6804,018,931
194BFISCALAmount - Subtract Refunding Bond Proceeds





194CSUMMARYAmount - Subtract Interfund Transfers In





194D
Amount - Net Revenues4,341,6464,111,6614,351,9894,173,8253,901,6804,018,931


Calculated amount4,341,6464,111,6614,351,9894,173,8253,901,6804,018,931


Amounts in AGREEMENT??YesYesYesYesYesYes


Difference





195A
Amount - Total Expenditures4,814,8644,192,3484,147,6434,159,8063,728,6894,092,995
195B
Amount - Subtract Pymts. to Refunded Debt Agent





195C
Amount - Subtract Interfund Transfers Out





195D
Amount - Net Expenditures4,814,8644,192,3484,147,6434,159,8063,728,6894,092,995


Calculated amount4,814,8644,192,3484,147,6434,159,8063,728,6894,092,995


Amounts in AGREEMENT??YesYesYesYesYesYes


Difference














401APart 10Number of residential accounts billed Water





401BWater /Number of residential accounts billed Sewer


1,572

402ASewer Amount processed and/or purchased in units Water100102133,090118,504

402BOperationsAmount processed and/or purchased in units Sewer1109999,71099,931

403A
Total amount billed in units - Water
91118,140122,267

403B
Total amount billed in units - Sewer
8295,230126,553

404A
Of the total in 403A above how many units were Residential W107

85,509

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 bulk765,261877,505970,849839,677

408A
Dollars related to 403A above813,470903,385724,931953,993

408B
Dollars related to 403B above


543,042

409A
Dollars related to 404A above


509,341

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 above1,6211,6081,596


421A
Number of residential accounts billed - Water1,5031,6831,502


421B
Number of residential accounts billed - Sewer24122764


422A
Number of non-residential & bulk accounts billed - Water18119455


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
































950.0
OfficialMARY JO BOPP

951.0
TitleFINANCE OFFICER

952.0
Date11/12/201012/07/200901/15/200911/27/200711/29/200601/09/2006
953.0
ContactMARY JO BOPP

954.0
TitleFINANCE OFFICER

955.0
Phone704-857-2466




956.0
Fax704-855-1855




957.0
E-Mail:

















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Key Ratios and Operations Statistics of Water and Sewer Systems for


Town of China Grove













201020092008200720062005








Population
4,3964,3504,2984,2444,2193,932
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
$1,969,0741,748,0021,749,8611,733,9821,640,2311,864,443
Total Operating Revenues Per Capita
$448402407409389474
Group Weighted Average Revenues Per Capita288283275278288272
State Weighted Average Revenues Per Capita306290293293286262








% to Total Operating Revenues






Operating Expenses
94.47%99.88%94.82%96.86%89.29%91.81%
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
5.53%0.12%5.18%3.14%10.71%8.19%
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%0.00%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
0.00%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
-0.90%-7.21%14.30%77.23%53.80%24.60%
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
0.600.691.051.700.960.56
Group Weighted Average
3.003.223.123.263.673.54
State Weighted Average
3.202.812.962.902.821.82








Days Sales in Receivables
8.040.938.642.295.228.2
Group Weighted Average
58.161.853.954.254.153.6
State Weighted Average
58.858.656.160.758.160.0








Days Cash on Hand
69.7145.3265.5400.9251.870.5
Group Weighted Average
389.6441.3485.2520.4454.6443.8
State Weighted Average
526.9479.1507.5565.1514.1479.7








Cash flow from Operations
$384,845442,399506,949395,547194,744440,857








Debt to Equity
0.931.031.101.251.390.86
Group Weighted Average
0.290.280.240.260.240.25
State Weighted Average
0.600.560.570.550.520.54








Debt per Capita
1,0561,1771,3011,4301,154924
Group Weighted Average
391386343339315324
State Weighted Average
997927932886798753








Capital Expenditures:
201020092008200720062005


$000000










2004200320022001



$104,1911,769,83263,720901,462









Capital Contributions: Excluded from income above
$20,20800000
















Operating Statistics














Estimated population of the areas served Water0001,510NANA
Estimated population of the areas served Sewer0001,572NANA








Number of Gallons of Water Processed (000) omitted100102133,090118,504NANA
Number of Gallons of Sewage Processed (000) omitted1109999,71099,931NANA








Number of Gallons of Water Billed (000) omitted091118,140122,267NANA
Number of Gallons of Sewage Billed (000) omitted08295,230126,553NANA








Ratio of Water Billed to Water Processed0.000000.892160.887671.03175NANA
Ratio of Sewage Billed to Sewage Processed0.000000.828280.955071.26640NANA








Total Revenue from Water Sales765,261877,505970,849839,677NANA
Total Revenue from Sewage Sales813,470903,385724,931953,993NANA








Water Revenue per 1000 gallons of Sales



556.07748NANA
Sewage Revenue per 1000 gallons of Sales



606.86578NANA








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$0.00000

6.35070NANA
Residential Sewage Sales per thousand Gallons$0.00000

8.05410NANA








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 %52.28%51.62%66.86%71.99%42.74%
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
Municipality97.22%97.26%97.56%96.95%95.02%
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
Municipality00000
Pop. Group162149152158107
Statewide495478456455449






Municipal Population Group: 2,500 to 4,999






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Analysis of Revenue

20062007200820092010
Property Tax$244248255251239
Utility393413412404448
Sales Tax162169167151115
Sales & Services882298
Intergovernmental8410010595162
Debt Proceeds47192
Other Miscellaneous222537124
Total$917970999931978

Go to top of page
Analysis of Revenue for Fiscal 2010











2010
2010
CategoryRevenue
Per Capita
Property Tax$1,051,180
$239
Water/Sewer0
0
Electric1,970,461
448
Other Utilities0
0
Sales Tax500,913
115
Sales & Services37,302
8
Intergovernment712,199
162
Debt Proceeds7,774
2
Miscellaneous19,366
4
Total$4,299,195
$978





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$408,085
$93
Water/Sewer0
0
Electric1,443,402
328
Other Utilities0
0
Debt Service636,613
145
Transportation377,850
86
Public Safety1,165,822
265
Other783,092
178
Total$4,814,864
$1,095





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$1,004,628
$229
Water/Sewer Capital0
0
Electric Capital0
0
Capital Outlay539,350
123
Other Operating3,270,886
743
Total$4,814,864
$1,095





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





Last Updated 5/4/2011 8:16:55 PM