North Carolina
Department of State Treasurer
Financial Information
City of Claremont

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			2008	2007	2006	2005	2004	2003
	Revenues by Source
		Property Tax	$0	-	1,514,819	1,670,691	1,786,520	1,858,253
		Utility	-	-	1,022,155	646,470	526,822	551,644
		Sales Tax	-	-	221,534	211,086	244,419	169,902
		Sales & Services	-	-	236,235	199,679	194,629	209,643
		Intergovernmental	-	-	714,141	462,272	647,740	546,129
		Debt Proceeds	-	-	-	-	-	-
		Other Miscellaneous	-	-	257,019	96,549	153,656	59,528
		Total	$0	-	3,965,903	3,286,747	3,553,786	3,395,099

	Expenditures by Function
		Utility	$0	-	944,999	488,301	511,878	591,380
		Debt Service	-	-	480,150	506,867	522,087	517,476
		Transportation	-	-	491,073	185,301	210,578	121,486
		General Government	-	-	651,473	606,361	639,712	638,077
		Public Safety	-	-	872,409	816,773	736,060	858,271
		Other	-	-	550,296	614,435	918,509	755,478
		Total	$0	-	3,990,400	3,218,038	3,538,824	3,482,168

	Expenditures by Object
		Salaries & Wages	$0	-	916,160	928,071	868,406	838,068
		Capital Outlay	-	-	879,095	442,801	648,325	456,705
		Other Operating + Debt Service	-	-	2,195,145	1,847,166	2,022,093	2,187,395
		Total	$0	-	3,990,400	3,218,038	3,538,824	3,482,168


	Per Capita Revenues by Source
		Property Tax	$0	-	1,395	1,548	1,659	1,716
		Utility	-	-	941	599	489	509
		Sales Tax	-	-	203	197	227	157
		Sales & Services	-	-	218	185	181	194
		Intergovernmental	-	-	658	428	601	504
		Debt Proceeds	-	-	-	-	-	-
		Other Miscellaneous	-	-	237	89	143	55
		Total	$0	-	3,652	3,046	3,300	3,135

	Per Capita Expenditures by Function
		Utility	$0	-	870	453	475	546
		Debt Service	-	-	442	470	485	478
		Transportation	-	-	452	172	196	112
		General Government	-	-	600	561	594	589
		Public Safety	-	-	803	757	683	792
		Other	-	-	507	569	853	698
		Total	$0	-	3,674	2,982	3,286	3,215

	Per Capita Expenditures by Object
		Salaries & Wages	$0	-	844	860	806	774
		Capital Outlay	-	-	809	410	602	422
		Other Operating	-	-	2,021	1,712	1,878	2,019
		Total	$0	-	3,674	2,982	3,286	3,215

	Population Group		No Electric 1,000 to 2,499	No Electric 1,000 to 2,499	No Electric 1,000 to 2,499	No Electric 1,000 to 2,499	No Electric 1,000 to 2,499	No Electric 1,000 to 2,499
		Number of Municipalites in Group	102	101	103	103	106	107
		Average Population In Group	1,669	1,642	1,638	1,632	1,644	1,628
		City of Claremont Population	1,106	1,095	1,086	1,079	1,077	1,083
	Group Average Per Capita Revenues by Source
		Property Tax	365	370	348	331	319	306
		Utility	374	430	391	374	340	333
		Sales Tax	180	197	179	172	157	133
		Sales & Services	72	77	72	71	64	61
		Intergovernmental	200	221	246	220	257	307
		Debt Proceeds	114	69	170	89	82	56
		Other Miscellaneous	175	196	160	125	137	126
		Total	1,480	1,560	1,566	1,382	1,356	1,322

	Group Average Per Capita Expenditures by Function
		Utility	519	468	487	425	445	432
		Debt Service	113	111	108	107	86	103
		Transportation	126	144	131	132	139	108
		General Government	232	200	221	193	174	180
		Public Safety	346	347	326	294	315	264
		Other	184	204	206	170	159	169
		Total	1,520	1,474	1,479	1,321	1,318	1,256

	Group Average Per Capita Expenditures by Object
		Salaries & Wages	415	430	402	397	376	351
		Capital Outlay	437	305	373	283	317	298
		Other Operating	668	739	704	641	625	607
		Total	1,520	1,474	1,479	1,321	1,318	1,256


General Fund Go to top of page			2008	2007	2006	2005	2004	2003
	General Fund revenues		$2,637,794	2,585,946	2,495,339	2,516,507	2,645,142	2,695,074
	General Fund expenditures		2,298,353	2,177,784	2,346,282	2,185,854	2,288,980	2,446,953
	Operating transfers in		3,311	-	-	8,400	-	-
	Operating transfers out		53,200	236,200	630,987	254,967	275,199	157,915
	Capital leases and installment purchase proceeds		-	-	-	-	-	-
	Other items		5,910	67	-	1,550	-	-
	Excess of revenues and other sources over (under) expenditures and other uses		295,462	172,029	(481,930)	85,636	80,963	90,206

	Fund balance available (FBA):
		In dollars	$2,258,443	1,641,454	1,525,289	2,151,792	2,248,170	2,230,445
		FBA as a % of GF Net Expenditures:
		Unit's FBA %	96.04	68.00	51.23	88.16	87.68	85.63
		Group weighted average FBA %	62.48	65.63	64.79	69.64	70.93	74.33
		State weighted average Non-Electric Group	36.47	37.14	36.51	36.90	36.42	36.42
		State weighted average FBA %	36.20	36.37	36.31	36.76	36.35	36.06


Enterprise Funds: Go to top of page
	Water/Sewer

	Combined financial results:
		Working capital	$408,497	628,046	566,806	460,933	340,005	368,895
		Quick ratio	2.31	2.91	2.99	2.41	2.24	2.39
		Net income	277,847	600,623	564,034	202,905	446,991	(80,977)
		Cashflow from operations	104,839	30,754	101,130	150,667	9,411	1,687
		Depreciation & Amortization Expense	176,889	173,097	176,844	184,107	189,497	190,429



Cash, Investments and Financing Go to top of page			2008	2007	2006	2005	2004	2003

		Population at July 1st of the Previous Year	1,106	1,095	1,086	1,079	1,077	1,083
		Population Group	No Electric 1,000 to 2,499	No Electric 1,000 to 2,499	No Electric 1,000 to 2,499	No Electric 1,000 to 2,499	No Electric 1,000 to 2,499	No Electric 1,000 to 2,499
		Cash &Investments	$0	0	2,432,829	2,759,082	2,751,366	2,774,494
		Investment Earnings	0	0	100,058	56,016	26,813	33,954
		Tax Rate Equivalent	0.0000	0.0000	0.0296	0.0137	0.0067	0.0073
		Tax Rate Equivalent Group weighted average	0.0255	0.0404	0.0283	0.0164	0.0094	0.0147
		Tax Rate Equivalent Statewide weighted average	0.0524	0.0920	0.0573	0.0415	0.0340	0.0332
		Latest year of Revaluation	2007	2003	2003	2003	2003	1999
		January 1, Prior Year Assessed Valuation	$336,481,254	339,284,428	337,885,913	408,558,964	402,220,052	463,644,933
		Tax Rate	0.4600	0.4600	0.4500	0.4500	0.4500	0.4500
		Tax Rate Group weighted average	0.2861	0.3424	0.3297	0.3306	0.3386	0.3479
		Tax Rate State Wide	0.4254	0.4455	0.4321	0.4448	0.4566	0.4594
		Assessment -to-Sales Ratio	88.84	94.58	96.47	99.30	99.65	89.23
		Assessment -to-Sales Ratio Group weighted average	88.88	79.96	85.71	86.82	87.25	85.88
		Assessment -to-Sales Ratio Statewide	88.52	88.41	92.28	92.35	92.18	89.54
		Assessed Valuation Adjusted for Assesment to Sales Ratio	$378,749,723	358,727,456	350,249,728	411,439,037	403,632,767	519,606,559
		EffectiveTax Rate	0.4087	0.4351	0.4341	0.4469	0.4484	0.4015
		Group weighted average Effective Tax Rate	0.2543	0.2737	0.2826	0.2870	0.2954	0.2988
		Statewide weighted average Effective Tax Rate	0.3765	0.3939	0.3987	0.4108	0.4209	0.4113
		Percent Collected	0.00	0.00	98.88	98.96	98.72	99.39
		Percent Collected Group weighted average	97.63	97.17	96.94	96.84	96.44	96.05
		Percent Collected Statewide	97.97	97.59	97.55	97.42	97.31	96.96
		Percent Collected Excluding Motor Vehicles	0.00	0.00	99.45	99.37	99.37	99.75
		Percent Collected Excluding Motor Vehicles Group weighted average	97.84	98.00	97.76	97.85	97.46	97.65
		Percent Collected Excluding Motor Vehicles Statewide weighted average	98.66	98.59	98.61	98.36	98.26	98.31
		Percent Collected Motor Vehicles Only	0.00	0.00	84.53	88.30	78.99	87.46
		Percent Collected Motor Vehicles Only Group weighted average	85.24	85.98	85.54	86.22	84.94	83.89
		Percent Collected Motor Vehicles Only Statewide weighted average	86.74	86.71	86.80	87.31	87.62	86.69
		Tax Uncollected	0	0	16,948	17,456	23,112	12,691
		Tax Rate Equivalent	0.0000	0.0000	0.0050	0.0043	0.0057	0.0027
		Dominant County: Catawba
	Debt Information
		Population Group	1,000 to 2,499	1,000 to 2,499	1,000 to 2,499	1,000 to 2,499	1,000 to 2,499	1,000 to 2,499
		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	214,000	227,000	239,500	251,500
		General Government GO Debt	0	0	0	0	0	0
		Total General Obligation Debt	0	0	214,000	227,000	239,500	251,500
		Per Capita	$0	0	197	210	222	232
		Total Per Capita for the Population Group	274	294	297	306	297	#N/A
		Total Per Capita Statewide	456	478	495	505	548	#N/A
		Total per Assessed Valuation Adjusted for Current Year Sales	0.0000%	0.0000%	0.0611%	0.0552%	0.0593%	0.0484%
		Total per Assessed Valuation Adjusted for Current Year Sales- Group Average	0.1848%	0.2336%	0.2606%	0.2847%	0.2930%	#N/A
		Total per Assessed Valuation Adjusted for Current Year Sales - Statewide	0.4131%	0.4706%	0.5275%	0.5588%	0.6442%	#N/A
		Total Authorized but not Issued General Obligation Debt

		Installment Sales Purchases and Lease Obligations
		--Enterprise	$170,103	203,026	0	0	0	0
		--General Government	987,537	1,178,674	1,328,734	1,471,101	1,606,620	1,735,619
		Total*	$1,157,640	1,381,699	1,328,734	1,471,101	1,606,620	1,735,619
		* The total only includes the contracts that require Local Government Commission approval.
		Revenue Bond Debt	$883,553	1,030,812	1,178,070	1,325,329	1,472,588	1,619,847


Annual Financial Information Report Detail Go to top of page
Line	Section	Description	2008	2007	2006	2005	2004	2003
	Population at July 1st of the Previous Year Adjusted for Boundry Changes		1,106	1,095	1,086	1,079	1,077	1,083

1A	Non GASB34	General Fund Assets						2,265,639
1B	FISCAL	General Fund Liabilities						33,732
2A	SUMMARY	Debt-service Assets
2B		Debt service Liabilities
3A		Enterprise Assets						5,587,620
3B		Enterprise Liabilities						2,115,638
4A		Internal Service Assets
4B		Internal service Liabilities
5A		Special Revenue Assets
1.5A	GASB34	Governmental Activities Assets			7,550,185	7,869,892	7,851,862
1.5B	FISCAL	Governmental Activities Liabilities			1,412,778	1,569,078	1,730,394
3.5A	SUMMARY	Business Type Activities Assets			6,219,844	5,855,893	5,840,873
3.5B		Business Type Activities Liabilties			1,533,932	1,734,015	1,921,900
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						12,959
7B		Capital Project Liabilities						2,386
8A		General Fixed Assets						5,486,861
9B		General Long term debt - Liabilities						1,837,583
10	PART 2	Current collections of unit-wide levy			1,496,343	1,655,956	1,775,798	1,845,470
11	TAX	Current collection of special tax districts
12	REVENUES	Prior years' levy collections			14,605	12,483	7,432	11,331
13		Penalties and interest			3,871	2,252	3,290	1,452
14		Collection of taxes previously written off
15		Animal tax
16		1% Local government sales and use tax			97,347	100,475	114,272	87,914
17		1/2% Local government sales and use taxes (Article 40)			41,851	36,146	42,969	36,414
18		1/2% Local government sales and use taxes (Article 42)			41,464	35,767	42,401	35,960
18.5		1/2% Local government sales and use taxes (Article 44)			40,872	38,698	44,777	9,614
19		Licenses Privilege
19.1		Privilege - Occupational & business licensing & permit taxes
19.2		Privilege -- All other privileges and pemits
20		General Municipal Vehicle Tax
21		Vehicle Tax for Public Transportation
22		Other licenses - Include CATV
23		Local occupancy tax			21,613	15,804	13,738	16,501
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						49,226
30		Public safety			34,684			115,920
31		Transportation - Streets				25,898
32		Transportation - All other			7,840	3,400
33		Utility franchise tax				81,487
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			86,399	89,540
42		Wireless Enhanced 911 Service Charges
43		Piped Natural Gas Charge Distribution			17,712	16,869
44		Utility franchise tax			206,208	183,542	190,459	207,473
45		Beer and Wine tax			4,766	4,767	4,651	4,559
46		Powell Bill			42,430	42,729	38,899	42,431
47		Food stamp purchases tax reimbursement
48		Inventories tax reimbursements
49		Senior Citizens Exemption - 50%
50		Court fees - Facilities and arrest fees					939	1,333
51		General Government
52		Public safety				14,040
53		Transportation - Streets			314,102		2,070	97,092
54		Transportation - All other						2
55		Environmental protection
56		Econ. & Phys. Dev. - Housing/Comm. Dev.						28,093
57		Econ. & Phys. Dev. - All Other					382,907
58		Human Services: Health, mental health, hospitals
59		All Other
60		Culture and recreation					27,815
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			1,687	1,203
74	SALES &	Parking revenues
75	SERVICES	Rents and royalties
76		Airport
77		Fire protection charges			228,859	192,132	188,211	198,083
78		Solid waste
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			7,376	7,547	6,418	11,560
86	UTILITY	Water and sewer charges			1,022,155	646,470	526,822	551,644
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			100,058	56,016	26,813	33,954
91		Special assessments
92		Private contribution and donations			111,627	5,693
93		Sales of materials and fixed assets
94		Sales of real property
95		Nongovernment contributions for streets and traffic signals
96		Mixed drink surcharge
97		ABC profit distribution
98		Other miscellaneous revenues			22,034	16,283
99		Proceeds of the sale of bonds and notes
100		Proceeds of capital leases and installment purchases
101		Other				1,550	113,105	9,073
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				-2,891
106		Deposits other than utility
107		Prepaid taxes				1,771
108		Prepaid privilege licenses
109A	PART 4	Governing body - Salaries			9,500
109B	GENERAL	Governing body - All other Direct			63,640	10,675	9,675	10,215
109C	GOVT	Governing body - Construction
109D		Governing body - Land, Equipment and Existing Structures
110A		Administration - Salaries			170,834	191,369	178,147	189,554
110B		Administration - All other Direct			407,499	386,297	451,890	432,665
110C		Administration - Construction
110D		Administration - Land, Equipment and Existing Structures				18,020		5,643
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
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
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			418,468	421,261	390,635	363,498
119B	SAFETY	Police and Communications - All other Direct			190,117	132,912	139,221	89,820
119C		Police and Communications - Construction
119D		Police and Communications - Land, Equipment and Existing Structures				50,994		64,636
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			101,441	95,343	88,262	80,039
122B		Fire - All other Direct			147,958	93,654	106,422	111,148
122C		Fire - Construction
122D		Fire - Land, Equipment, and Existing Structures				8,500		138,506
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			2,051	1,727
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
128B		Streets and Highways - All other Direct				737	8,422	25,297
128C		Streets and Highways - Construction			428,189	25,898	3,920
128D		Streets and Highways - Land, Equipment and Existing Structures					188,757
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			49,560	5,720	9,479	96,189
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			13,324	52,568
135D		Transportation - All Other - Land, Equipment, and Existing Structures				100,378
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			215,917	220,098	211,362	204,977
139B		Environmental Protection - All Other - All other Direct			198,365	159,526	173,291	178,812
139C		Environmental Protection - All Other - Construction				101,859
139D		Environmental Protection All Other - Land, Equipment, and Existing Structures				25,935		28,973
140A	ECONOMIC	Planning and Zoning - Salaries
140B	& PHYSICAL	Planning and Zoning - All other Direct
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						170,046
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					431,180
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			34,772
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			46,253	55,712	78,208	172,670
153C		Recreation and Parks - Construction
153D		Recreation and Parks - Land, Equipment, and Existing Structures					5,605
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			35,296	27,343
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			19,693	23,962
157C		Human Services - All Other - Construction					18,863
157D		Human Services - All Other - Land, Equipment, and Existing Structures
158A	UTILITY	Water and Sewer - Salaries
158B		Water and Sewer - All other Direct			507,417	429,652	511,878	542,479
158C		Water and Sewer - Construction			437,582	58,649
158D		Water and Sewer - Land, Equipment, and Existing Structures						48,901
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			56,212	61,822	77,542	71,467
161D	SERVICE	Water and Sewer - Debt Service Principal Payments			201,394	201,358	200,858	202,322
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			69,729	77,987	86,172	93,952
166D		All Other - Debt Service Principal Payments			152,815	165,700	157,515	149,735
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)			12,374	12,382	11,520	10,624
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			1,455,364	1,611,437	1,740,792	2,019,047
180	OTHER	Current Year Levy Motor Vehicles Only			57,928	61,975	58,118	61,508
181	DATA	Uncollected Taxes - Current Year's Levy - Excluding Motor Vehicles			7,988	10,208	10,902	4,975
182		Uncollected Taxes - Current Year's Levy - Motor Vehicles			8,960	7,248	12,210	7,716
183		Percentage of Taxes Collected - Current Year All Property	.	0.00	98.88	98.96	98.72	99.39
184		Percentage of Taxes Collected - Current Year - Excluding Motor Vehicles	.	0.00	99.45	99.37	99.37	99.75
185		Percentage of Taxes Collected - Current Year - Motor Vehicles	.	0.00	84.53	88.30	78.99	87.46
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			2,432,829	2,759,082	2,751,366	2,774,494
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			4,596,890	3,550,114	3,873,874	3,565,764
194B	FISCAL	Amounts - Subtract proceeds of refunding debt
194C	SUMMARY	Amounts - Subtract interfund transfers in			630,987	263,367	320,088	170,665
194D		Amounts - Net Revenues per AFIR			3,965,903	3,286,747	3,553,786	3,395,099
		Calculated amount			3,965,903	3,286,747	3,553,786	3,395,099
		Amounts in AGREEMENT??	Yes	Yes	Yes	Yes	Yes	Yes
		Difference
195A		Amounts - Total Expenditures and other financing sources per audit			4,621,387	3,481,405	3,858,912	3,652,833
195B		Amounts - Subtract payments to refunding debt escrow agent
195C		Amounts - Subtract interfund transfers out			630,987	263,367	320,088	170,665
195D		Amounts Net Expenditures per AFIR			3,990,400	3,218,038	3,538,824	3,482,168
		Calculated amount			3,990,400	3,218,038	3,538,824	3,482,168
		Amounts in AGREEMENT??	Yes	Yes	Yes	Yes	Yes	Yes
		Difference

	PART 10

950		Name of Official Signatory
951		Title of Official
952		Date Certified			03/23/2007
953		Person to Contact
954		Title of Person to Contact
955		Telephone Number
956		Facsimile Number

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

	2008	2007	2006	2005	2004	2003

Population	1,106	1,095	1,086	1,079	1,077	1,083
Population Group	No Electric 1,000 to 2,499	No Electric 1,000 to 2,499	No Electric 1,000 to 2,499	No Electric 1,000 to 2,499	No Electric 1,000 to 2,499	No Electric 1,000 to 2,499
Total Operating Revenues	$736,475	654,609	617,125	587,821	534,158	547,812
Total Operating Revenues Per Capita	$666	598	568	545	496	506
Group Weighted Average Revenues Per Capita	488	489	467	452	424	406
State Weighted Average Revenues Per Capita	364	367	356	331	308	295

% to Total Operating Revenues
Operating Expenses	112.91%	115.18%	110.88%	103.39%	132.88%	135.32%
Group Weighted Average	100.93%	98.61%	97.18%	98.55%	100.51%	98.75%
State Weighted Average	86.74%	82.44%	81.55%	85.60%	89.13%	90.84%

Operating Margin	-12.91%	-15.18%	-10.88%	-3.39%	-32.88%	-35.32%
Group Weighted Average	-0.93%	1.39%	2.82%	1.45%	-0.51%	1.25%
State Weighted Average	13.26%	17.56%	18.45%	14.40%	10.87%	9.16%

Operating Transfers In/(out)	0.00%	32.84%	41.32%	36.12%	44.27%	27.84%
Group Weighted Average	2.57%	-0.11%	-0.40%	3.03%	2.95%	2.51%
State Weighted Average	3.96%	-0.78%	-0.58%	-0.79%	-1.21%	-0.99%

Net Income before capital contributions	-15.86%	14.24%	25.77%	24.54%	-2.14%	-14.78%
Group Weighted Average	-0.06%	-0.95%	-2.70%	3.62%	0.56%	1.84%
State Weighted Average	13.45%	11.89%	9.65%	8.63%	2.88%	0.31%

Key Ratios and Cash Flow

Quick Ratio	2.31	2.91	2.99	2.41	2.24	2.39
Group Weighted Average	2.84	3.21	3.58	3.47	4.12	3.57
State Weighted Average	2.95	2.90	2.82	1.81	2.76	3.04

Days Sales in Receivables	143.9	44.4	38.6	37.9	38.1	31.5
Group Weighted Average	47.9	45.8	44.0	43.6	43.3	44.9
State Weighted Average	55.3	59.9	57.8	59.9	65.7	60.0

Days Cash on Hand	150.4	298.7	487.5	477.6	335.2	338.6
Group Weighted Average	373.1	494.7	407.8	401.1	403.8	390.4
State Weighted Average	457.8	497.5	458.0	423.5	407.9	414.8

Cash flow from Operations	$104,839	30,754	101,130	150,667	9,411	1,687

Debt to Equity	0.19	0.24	0.32	0.41	0.43	0.54
Group Weighted Average	0.31	0.28	0.27	0.24	0.24	0.26
State Weighted Average	0.56	0.55	0.52	0.52	0.52	0.50

Debt per Capita	973	1,174	1,362	1,558	1,561	1,738
Group Weighted Average	889	788	739	702	625	629
State Weighted Average	1,136	1,091	989	929	855	852

Capital Expenditures:	2008	2007	2006	2005	2004	2003
	$0	0	437,582	58,649	0	48,901

	2002	2001	2000	1999
	$74,500	29,827	11,725	7,965

Capital Contributions: Excluded from income above	$394,631	507,396	405,030	58,649	458,416	0


Operating Statistics

Estimated population of the areas served Water	0	0	NA	NA	NA	NA
Estimated population of the areas served Sewer	0	0	NA	NA	NA	NA

Number of Gallons of Water Processed (000) omitted	0	0	NA	NA	NA	NA
Number of Gallons of Sewage Processed (000) omitted	0	0	NA	NA	NA	NA

Number of Gallons of Water Billed (000) omitted	0	0	NA	NA	NA	NA
Number of Gallons of Sewage Billed (000) omitted	0	0	NA	NA	NA	NA

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

Total Revenue from Water Sales	0	0	NA	NA	NA	NA
Total Revenue from Sewage Sales	0	0	NA	NA	NA	NA

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

Group Average Sales per thousand Gallons Water	$1,792.64271	$14,046.04813	NA	NA	NA	NA
Group Average Sales per thousand Gallons Sewage	$804.20668	$6,255.74662	NA	NA	NA	NA

State Average Sales per thousand Gallons Water	$13,144.87654	$5,350.70834	NA	NA	NA	NA
State Average Sales per thousand Gallons Sewage	$10,395.28087	$3,921.08643	NA	NA	NA	NA

Residential Water Sales per thousand Gallons			NA	NA	NA	NA
Residential Sewage Sales per thousand Gallons			NA	NA	NA	NA

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

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

	2004	2005	2006	2007	2008
Unit's FBA %	87.68%	88.16%	51.23%	68.00%	96.04%
Group average FBA %	70.93%	69.64%	64.79%	65.63%	62.48%
State average Electric/Non Electric Group FBA %	36.42%	36.90%	36.51%	37.14%	36.47%
State average FBA %	36.35%	36.76%	70.93%	36.37%	36.20%

Municipal Population Group: No Electric 1,000 to 2,499

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2004 2005 2006 2007 2008

Municipality 98.72% 98.96% 98.88% 0.00% 0.00%

Pop. Group 96.44% 96.84% 96.94% 97.17% 97.63%

Statewide 97.31% 97.42% 97.55% 97.59% 97.97%

Municipal Population Group: No Electric 1,000 to 2,499

	2004	2005	2006	2007	2008
Municipality	98.72%	98.96%	98.88%	0.00%	0.00%
Pop. Group	96.44%	96.84%	96.94%	97.17%	97.63%
Statewide	97.31%	97.42%	97.55%	97.59%	97.97%

Municipal Population Group: No Electric 1,000 to 2,499

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2004 2005 2006 2007 2008

Municipality 222 210 197 0 0

Pop. Group 297 306 297 294 274

Statewide 548 505 495 478 456

Municipal Population Group: 1,000 to 2,499

	2004	2005	2006	2007	2008
Municipality	222	210	197	0	0
Pop. Group	297	306	297	294	274
Statewide	548	505	495	478	456

Municipal Population Group: 1,000 to 2,499

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2004 2005 2006 2007 2008

Property Tax $1,659 1,548 1,395 0 0

Utility 489 599 941 0 0

Sales Tax 227 197 203 0 0

Sales & Services 181 185 218 0 0

Intergovernmental 601 428 658 0 0

Debt Proceeds 0 0 0 0 0

Other Miscellaneous 143 89 237 0 0

Total $3,300 3,046 3,652 0 0

	2004	2005	2006
Property Tax	$1,659	1,548	1,395
Utility	489	599	941
Sales Tax	227	197	203
Sales & Services	181	185	218
Intergovernmental	601	428	658
Debt Proceeds	0	0	0
Other Miscellaneous	143	89	237
Total	$3,300	3,046	3,652

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2008
2008

Category Revenue
Per Capita

$0
$0

Water/Sewer 0
0

Electric 0
0

Utility 0
0

Sales Tax 0
0

Sales & Services 0
0

Intergovernment 0
0

Debt Proceeds 0
0

Miscellaneous 0
0

Total $0
$0

Municipal Population Group: No Electric 1,000 to 2,499

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2008
2008

Category Expenditures
Per Capita

General Government $0
$0

Water/Sewer 0
0

Electric 0
0

Utilities 0
0

Debt Service 0
0

Transportation 0
0

Public Safety 0
0

Other 0
0

Total $0
$0

Municipal Population Group: No Electric 1,000 to 2,499

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2008
2008

Category Expenditures
Per Capita

Salaries & Wages $0
$0

Water/Sewer Capital 0
0

Electric Capital 0
0

Capital Outlay 0
0

Other Operating 0
0

Total $0
$0

Municipal Population Group: No Electric 1,000 to 2,499

Last Updated 8/27/2009 7:02:47 AM



	2008	2008
Category	Revenue	Per Capita
	$0	$0
Water/Sewer	0	0
Electric	0	0
Utility	0	0
Sales Tax	0	0
Sales & Services	0	0
Intergovernment	0	0
Debt Proceeds	0	0
Miscellaneous	0	0
Total	$0	$0

Municipal Population Group: No Electric 1,000 to 2,499

North CarolinaDepartment of State TreasurerFinancial InformationCity of Claremont

Financial Graphs and Comparisons

North Carolina
Department of State Treasurer
Financial Information
City of Claremont