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

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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	$1,091,892	1,095,722	1,053,180	1,028,862	946,643	893,093
		Utility	1,748,002	1,749,861	1,733,982	1,640,231	1,864,443	2,052,198
		Sales Tax	654,590	722,783	711,592	682,750	601,522	552,178
		Sales & Services	46,013	52,005	49,900	50,740	48,952	56,581
		Intergovernmental	411,774	449,815	425,827	352,653	381,385	451,311
		Debt Proceeds	-	-	-	-	-	-
		Other Miscellaneous	157,390	281,803	199,344	146,444	175,986	119,210
		Total	$4,109,661	4,351,989	4,173,825	3,901,680	4,018,931	4,124,571

	Expenditures by Function
		Utility	$1,345,819	1,278,028	1,350,618	1,175,602	1,780,821	1,531,812
		Debt Service	698,352	743,710	546,017	551,862	511,631	520,723
		Transportation	113,536	80,067	214,919	227,460	648,418	652,287
		General Government	405,768	397,871	358,995	361,217	332,829	324,240
		Public Safety	929,767	953,884	966,620	792,533	743,532	836,081
		Other	699,106	694,083	722,637	620,015	75,764	88,111
		Total	$4,192,348	4,147,643	4,159,806	3,728,689	4,092,995	3,953,254

	Expenditures by Object
		Salaries & Wages	$936,095	956,713	913,365	849,225	841,126	902,283
		Capital Outlay	59,309	146,946	250,804	114,818	383,960	149,987
		Other Operating + Debt Service	3,196,944	3,043,984	2,995,637	2,764,646	2,867,909	2,900,984
		Total	$4,192,348	4,147,643	4,159,806	3,728,689	4,092,995	3,953,254


	Per Capita Revenues by Source
		Property Tax	$251	255	248	244	241	227
		Utility	402	407	409	389	474	521
		Sales Tax	150	168	167	161	153	140
		Sales & Services	11	12	12	12	12	14
		Intergovernmental	95	105	100	84	97	115
		Debt Proceeds	-	-	-	-	-	-
		Other Miscellaneous	36	66	47	35	45	30
		Total	$945	1,013	983	925	1,022	1,047

	Per Capita Expenditures by Function
		Utility	$309	297	318	279	453	389
		Debt Service	161	173	129	131	130	132
		Transportation	26	19	51	54	165	166
		General Government	93	93	84	85	85	83
		Public Safety	214	222	228	188	189	212
		Other	161	161	170	147	19	22
		Total	$964	965	980	884	1,041	1,004

	Per Capita Expenditures by Object
		Salaries & Wages	$215	223	215	201	214	229
		Capital Outlay	14	34	59	27	98	38
		Other Operating	735	708	706	656	729	737
		Total	$964	965	980	884	1,041	1,004

	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
		Town of China Grove Population	4,350	4,298	4,244	4,219	3,932	3,939
	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		$2,347,078	2,544,673	2,425,652	2,252,955	2,142,591	2,069,982
	General Fund expenditures		2,227,026	2,215,511	2,348,570	2,081,621	1,922,060	2,050,556
	Operating transfers in		-	-	-	-	-	-
	Operating transfers out		30,000	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		90,052	299,162	102,387	141,334	251,391	(10,574)

	Fund balance available (FBA):
		In dollars	$1,624,847	1,501,438	1,199,172	1,103,896	981,558	418,235
		FBA as a % of GF Net Expenditures:
		Unit's FBA %	71.99	66.86	51.62	52.28	51.90	20.10
		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	($329,110)	57,646	892,067	(53,300)	(365,191)	(281,859)
		Quick ratio	0.69	1.05	1.70	0.96	0.56	0.75
		Net income	(126,076)	250,186	1,339,124	882,504	458,593	186,807
		Cashflow from operations	442,399	506,949	395,547	194,744	440,857	609,564
		Depreciation & Amortization Expense	401,894	379,275	259,088	229,854	224,394	217,207



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

		Population at July 1st of the Previous Year	4,350	4,298	4,244	4,219	3,932	3,939
		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	$2,462,244	2,689,967	2,957,047	2,116,715	1,128,805	500,076
		Investment Earnings	46,939	152,960	91,176	58,521	25,713	8,861
		Tax Rate Equivalent	0.0162	0.0523	0.0350	0.0230	0.0106	0.0035
		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	$289,671,074	292,251,464	260,222,450	254,657,572	242,197,119	251,036,875
		Tax Rate	0.3800	0.3800	0.4000	0.4000	0.4000	0.4000
		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	96.72	99.78	94.90	98.39	97.34	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	$299,494,493	292,895,835	274,207,007	258,824,649	248,815,614	251,036,875
		EffectiveTax Rate	0.3675	0.3792	0.3796	0.3936	0.3894	0.4000
		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	96.95	97.56	97.26	97.22	97.25	96.02
		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	97.74	98.32	98.25	98.12	98.20	96.68
		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	88.19	89.61	87.87	88.33	87.19	88.12
		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	10,896	26,680	28,530	28,604	26,706	42,234
		Tax Rate Equivalent	0.0038	0.0091	0.0110	0.0112	0.0110	0.0168
		Dominant County: Rowan
	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	$0	0	0	0	0	0
		General Government GO Debt	0	0	0	0	0	0
		Total General Obligation Debt	0	0	0	0	0	0
		Per Capita	$0	0	0	0	0	0
		Total Per Capita for the Population Group	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	0.0000%	0.0000%	0.0000%	0.0000%	0.0000%	0.0000%
		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	0	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	$4,851,078	5,237,554	5,624,030	3,373,267	3,634,160	3,895,054


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		4,350	4,298	4,244	4,219	3,932	3,939

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	3,270,161	3,219,902	2,872,867	1,918,616	1,764,376	2,225,728
1.5B	FISCAL	Governmental Activities Liabilities	221,041	277,430	323,312	326,076	415,484	459,942
3.5A	SUMMARY	Business Type Activities Assets	10,365,960	10,991,859	11,404,459	961,451	158,449
3.5B		Business Type Activities Liabilties	5,402,190	5,902,013	6,564,799	5,542,543	3,908,290
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	1,064,924	1,066,288	1,013,860	1,001,547	871,005	864,530
11	TAX	Current collection of special tax districts
12	REVENUES	Prior years' levy collections	17,989	23,395	28,313	18,668	57,339	23,087
13		Penalties and interest	8,979	6,039	11,007	8,647	18,299	5,476
14		Collection of taxes previously written off
15		Animal tax
15.1		Solid Waste Disposal Tax	2,000
16		1% Local government sales and use tax	283,283	249,158	241,313	245,969	238,293	209,462
17		1/2% Local government sales and use taxes (Article 40)	154,912	172,752	171,674	156,699	127,437	121,561
18		1/2% Local government sales and use taxes (Article 42)	153,748	171,718	170,685	155,822	126,665	120,694
18.5		1/2% Local government sales and use taxes (Article 44)	62,647	129,155	127,920	124,260	109,127	100,461
19		Licenses Privilege
19.1		Privilege - Occupational & business licensing & permit taxes
19.2		Privilege -- All other privileges and pemits
20		General Municipal Vehicle Tax					72,959	72,140
21		Vehicle Tax for Public Transportation
22		Other licenses - Include CATV	4,362	4,288	15,371	26,622	26,733	14,689
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					58,243	113,691
31		Transportation - Streets
32		Transportation - All other						19,416
33		Utility franchise tax
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	55,418
43		Piped Natural Gas Charge Distribution	17,703
44		Utility franchise tax	153,283	245,642	220,517	193,219	177,365	189,607
45		Beer and Wine tax	19,302	19,550	19,064	18,622	17,435	16,556
46		Powell Bill	129,896	144,448	124,442	126,823	120,933	107,988
47		Food stamp purchases tax reimbursement
48		Inventories tax reimbursements
49		Senior Citizens Exemption - 50%
50		Court fees - Facilities and arrest fees	7,631	6,858	9,019	11,159	1,158
51		General Government
52		Public safety	28,541	33,317	52,785	2,830	6,251	4,053
53		Transportation - Streets
54		Transportation - All other
55		Environmental protection
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
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
72	& FEES	Inspection fees
72.1		Amusements licensing and permit taxes
73		Other permits	3,046	60,089	3,980	2,525	1,425	995
74	SALES &	Parking revenues
75	SERVICES	Rents and royalties	10,385	9,650	10,575	9,970	4,990	4,320
76		Airport
77		Fire protection charges	18,401	18,812	16,765	17,554	22,361	33,332
78		Solid waste	6,029	4,516	4,307	3,791	2,648	369
79		Ambulance and rescue squad charges
80		Cemeteries
81		Recreation service revenues
82		Library service revenues
83		Other cultural and recreational service revenues
84		Mass transit - city operated
85		Other sales and services	11,198	19,027	18,253	19,425	18,953	18,560
86	UTILITY	Water and sewer charges	1,748,002	1,749,861	1,733,982	1,640,231	1,864,443	2,052,198
87	REVENUES	Electric charges
88		Gas charges
88.1		Storm Water Fees
89	MISC.	On bond proceeds
90	REVENUES	On general and all other funds	46,939	152,960	91,176	58,521	25,713	8,861
91		Special assessments
92		Private contribution and donations
93		Sales of materials and fixed assets		1,796	24	7,979	80	4,765
94		Sales of real property
95		Nongovernment contributions for streets and traffic signals
96		Mixed drink surcharge
97		ABC profit distribution	2,431	873	524		293	1,717
98		Other miscellaneous revenues	39,009	2,490	31,812	18,077	40,083	16,043
99		Proceeds of the sale of bonds and notes
100		Proceeds of capital leases and installment purchases
101		Other	61,603	59,307	56,457	32,720	8,700
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
106		Deposits other than utility
107		Prepaid taxes
108		Prepaid privilege licenses
109A	PART 4	Governing body - Salaries	6,720	5,800	5,650	5,875	5,650	5,650
109B	GENERAL	Governing body - All other Direct	30,359	19,299	16,635	17,997	4,326	4,612
109C	GOVT	Governing body - Construction
109D		Governing body - Land, Equipment and Existing Structures
110A		Administration - Salaries	195,653	168,152	173,712	172,981	172,525	156,175
110B		Administration - All other Direct	173,036	158,254	162,998	164,364	133,385	132,803
110C		Administration - Construction
110D		Administration - Land, Equipment and Existing Structures		46,366				12,490
111A		Elections (cost of) - Salaries
111B		Elections (cost of) - All other Direct
111C		Elections (cost of) - Construction
111D		Elections (cost of) - Land, Equipment and Existing Structures
112A		Finance - Salaries
112B		Finance - All other Direct					10,200	10,200
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					6,743	2,310
114C		Legal - Construction
114D		Legal - Land, Equipment, and Existing Structures
115A		Public Buildings - Salaries
115B		Public Buildings - All other Direct
115C		Public Buildings - Construction
115D		Public Buildings - Land, Equipment, and Existing Structures
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
118B		General Government All Other - All other Direct
118C		General Government All Other - Construction
118D		General Government All Other - Land, Equipment, and Existing Structures
119A	PUBLIC	Police and Communications - Salaries	318,811	374,747	349,936	303,768	321,188	361,301
119B	SAFETY	Police and Communications - All other Direct	292,106	216,668	233,125	194,399	206,474	270,846
119C		Police and Communications - Construction
119D		Police and Communications - Land, Equipment and Existing Structures	59,309	68,443	108,633	59,473	29,638	33,306
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	124,604	112,046	89,827	85,701	66,322	56,010
122B		Fire - All other Direct	116,336	132,005	115,821	133,583	105,066	98,389
122C		Fire - Construction
122D		Fire - Land, Equipment, and Existing Structures		32,137	53,914
123A		Inspectors - Salaries
123B		Inspectors - All other Direct
123C		Inspectors - Construction
123D		Inspectors - Land, Equipment, and Existing Structures
124A		Rescue Units - Salaries
124B		Rescue Units - All other Direct
124C		Rescue Units - Construction
124D		Rescue Units - Land, Equipment, and Existing Structures
125A		Animal Control - Salaries
125B		Animal Control - All other Direct
125C		Animal Control - Construction
125D		Animal Control - Land, Equipment, and Existing Structures
126A		Public Safety All Other - Salaries
126B		Public Safety All Other - All other Direct
126C		Public Safety All Other - Construction
126D		Public Safety All Other - Land, Equipment, and Existing Structures
127A	TRANSPOR	Traffic Engineering - Salaries
127B	TATION	Traffic Engineering - All other Direct
127C		Traffic Engineering - Construction
127D		Traffic Engineering - Land, Equipment, and Existing Structures
128A		Streets and Highways - Salaries					132,124	157,390
128B		Streets and Highways - All other Direct					388,750	321,583
128C		Streets and Highways - Construction
128D		Streets and Highways - Land, Equipment and Existing Structures					60,860
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	113,536	80,067	214,919	227,460	66,684	173,314
130C		State Street Aid Allocation - Powell Bill - Construction
130D		State Street Aid Allocation - Powell Bill - Land, Equipment, and Existing Structures
131A		Parking Facilities - Salaries
131B		Parking Facilities - All other Direct
131C		Parking Facilities - Construction
131D		Parking Facilites - Land, Equipment, and Existing Structures
132A		Mass Transit - City - Salaries
132B		Mass Transit - City - All other Direct
132C		Mass Transit - City - Construction
132D		Mass Transit - City - Land, Equipment, and Existing Structures
133B		Mass Transit - Private - All other Direct only
134A		Airport - Salaries
134B		Airport - All other Direct
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
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	179,417	187,524	165,737	132,226
139B		Environmental Protection - All Other - All other Direct	384,977	370,753	348,767	348,980
139C		Environmental Protection - All Other - Construction
139D		Environmental Protection All Other - Land, Equipment, and Existing Structures				25,455
140A	ECONOMIC	Planning and Zoning - Salaries
140B	& PHYSICAL	Planning and Zoning - All other Direct	59,165	58,096	62,482	55,043	31,182	24,377
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
153B	RECREATION	Recreation and Parks - All other Direct	75,547	77,710	78,216	58,311	44,582	63,734
153C		Recreation and Parks - Construction
153D		Recreation and Parks - Land, Equipment, and Existing Structures			67,435
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	110,890	108,444	128,503	148,674	143,317	165,757
158B		Water and Sewer - All other Direct	1,234,929	1,169,584	1,201,293	997,038	1,344,042	1,261,864
158C		Water and Sewer - Construction						104,191
158D		Water and Sewer - Land, Equipment, and Existing Structures			20,822	29,890	293,462
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	144,107	178,708	110,805	121,653	101,629	94,135
161D	SERVICE	Water and Sewer - Debt Service Principal Payments	475,396	475,396	349,813	349,813	288,485	276,751
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	3,344	6,779	8,244	10,443	14,179	16,829
166D		All Other - Debt Service Principal Payments	75,505	82,827	77,155	69,953	107,338	133,008
167B	PENSION	Direct Benefit Program - Pension Fund operated by the Unit
168B	FRINGE	Fringe Benefits Unallocated - (B)
169B		Separation Allowance - Law Enforcement Officers -(B)
170B		Separation Allowance - Other Employees - (B)
171B		Supplemental Retirement Income Plan for Law Enforcement Officers - (B)	18,601	17,838	15,364	15,609	14,844	16,229
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	1,007,054	997,623	943,400	935,375	886,996	978,904
180	OTHER	Current Year Levy Motor Vehicles Only	91,403	95,345	98,990	94,776	83,674	81,865
181	DATA	Uncollected Taxes - Current Year's Levy - Excluding Motor Vehicles	22,735	16,778	16,523	17,547	15,991	32,509
182		Uncollected Taxes - Current Year's Levy - Motor Vehicles	10,799	9,902	12,007	11,057	10,715	9,725
183		Percentage of Taxes Collected - Current Year All Property	96.95	97.56	97.26	97.22	97.25	96.02
184		Percentage of Taxes Collected - Current Year - Excluding Motor Vehicles	97.74	98.32	98.25	98.12	98.20	96.68
185		Percentage of Taxes Collected - Current Year - Motor Vehicles	88.19	89.61	87.87	88.33	87.19	88.12
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
189C	INVEST	Cash on Hand and in Bank, and Securities - All Other	2,462,244	2,689,967	2,957,047	2,116,715	1,128,805	500,076
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	4,111,661	4,351,989	4,173,825	3,901,680	4,018,931	4,124,571
194B	FISCAL	Amounts - Subtract proceeds of refunding debt
194C	SUMMARY	Amounts - Subtract interfund transfers in
194D		Amounts - Net Revenues per AFIR	4,111,661	4,351,989	4,173,825	3,901,680	4,018,931	4,124,571
		Calculated amount	4,111,661	4,351,989	4,173,825	3,901,680	4,018,931	4,124,571
		Amounts in AGREEMENT??	Yes	Yes	Yes	Yes	Yes	Yes
		Difference
195A		Amounts - Total Expenditures and other financing sources per audit	4,192,348	4,147,643	4,159,806	3,728,689	4,092,995	3,953,254
195B		Amounts - Subtract payments to refunding debt escrow agent
195C		Amounts - Subtract interfund transfers out
195D		Amounts Net Expenditures per AFIR	4,192,348	4,147,643	4,159,806	3,728,689	4,092,995	3,953,254
		Calculated amount	4,192,348	4,147,643	4,159,806	3,728,689	4,092,995	3,953,254
		Amounts in AGREEMENT??	Yes	Yes	Yes	Yes	Yes	Yes
		Difference

	PART 10

950		Name of Official Signatory	MARY JO BOPP
951		Title of Official	FINANCE OFFICER
952		Date Certified	12/07/2009	01/15/2009	11/27/2007
953		Person to Contact	MARY JO BOPP
954		Title of Person to Contact	FINANCE OFFICER
955		Telephone Number	704-857-2466
956		Facsimile Number	704-857-1844

Go to top of page Key Ratios and Operations Statistics of Water and Sewer Systems for
Town of China Grove

	2009	2008	2007	2006	2005	2004

Population	4,350	4,298	4,244	4,219	3,932	3,939
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	0.69	1.05	1.70	0.96	0.56	0.75
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	$442,399	506,949	395,547	194,744	440,857	609,564

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	1,154	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
	$0	0	20,822	29,890	293,462	104,191

	2003	2002	2001	2000
	$1,769,832	63,720	901,462	611,401

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


Operating Statistics

Estimated population of the areas served Water	0	0	1,510	NA	NA	NA
Estimated population of the areas served Sewer	0	0	1,572	NA	NA	NA

Number of Gallons of Water Processed (000) omitted	102	133,090	118,504	NA	NA	NA
Number of Gallons of Sewage Processed (000) omitted	99	99,710	99,931	NA	NA	NA

Number of Gallons of Water Billed (000) omitted	91	118,140	122,267	NA	NA	NA
Number of Gallons of Sewage Billed (000) omitted	82	95,230	126,553	NA	NA	NA

Ratio of Water Billed to Water Processed	0.89216	0.88767	1.03175	NA	NA	NA
Ratio of Sewage Billed to Sewage Processed	0.82828	0.95507	1.26640	NA	NA	NA

Total Revenue from Water Sales	877,505	970,849	839,677	NA	NA	NA
Total Revenue from Sewage Sales	903,385	724,931	953,993	NA	NA	NA

Water Revenue per 1000 gallons of Sales			556.07748	NA	NA	NA
Sewage Revenue per 1000 gallons of Sales			606.86578	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			6.35070	NA	NA	NA
Residential Sewage Sales per thousand Gallons			8.05410	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 %	51.90%	52.28%	51.62%	66.86%	71.99%
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 97.25% 97.22% 97.26% 97.56% 96.95%

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	97.25%	97.22%	97.26%	97.56%	96.95%
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 0 0 0 0 0

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	0	0	0	0	0
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 $241 244 248 255 251

Utility 474 389 409 407 402

Sales Tax 153 161 167 168 150

Sales & Services 12 12 12 12 11

Intergovernmental 97 84 100 105 95

Debt Proceeds 0 0 0 0 0

Other Miscellaneous 45 35 47 66 36

Total $1,022 925 983 1,013 945

	2005	2006	2007	2008	2009
Property Tax	$241	244	248	255	251
Utility	474	389	409	407	402
Sales Tax	153	161	167	168	150
Sales & Services	12	12	12	12	11
Intergovernmental	97	84	100	105	95
Debt Proceeds	0	0	0	0	0
Other Miscellaneous	45	35	47	66	36
Total	$1,022	925	983	1,013	945

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2009
2009

Category Revenue
Per Capita

Property Tax $1,091,892
$251

Water/Sewer 1,748,002
402

Electric 0
0

Other Utilities 0
0

Sales Tax 654,590
150

Sales & Services 46,013
11

Intergovernment 411,774
95

Debt Proceeds 0
0

Miscellaneous 157,390
36

Total $4,109,661
$945

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

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2009
2009

Category Expenditures
Per Capita

General Government $405,768
$93

Water/Sewer 1,345,819
309

Electric 0
0

Other Utilities 0
0

Debt Service 698,352
161

Transportation 113,536
26

Public Safety 929,767
214

Other 699,106
161

Total $4,192,348
$964

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

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2009
2009

Category Expenditures
Per Capita

Salaries & Wages $936,095
$215

Water/Sewer Capital 0
0

Electric Capital 0
0

Capital Outlay 59,309
14

Other Operating 3,196,944
735

Total $4,192,348
$964

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

Last Updated 6/11/2010 9:31:54 AM



	2009	2009
Category	Revenue	Per Capita
Property Tax	$1,091,892	$251
Water/Sewer	1,748,002	402
Electric	0	0
Other Utilities	0	0
Sales Tax	654,590	150
Sales & Services	46,013	11
Intergovernment	411,774	95
Debt Proceeds	0	0
Miscellaneous	157,390	36
Total	$4,109,661	$945

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

North CarolinaDepartment of State TreasurerFinancial InformationTown of China Grove

Financial Graphs and Comparisons

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