North Carolina
Department of State Treasurer
Financial Information
City of Conover

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			2010	2009	2008	2007	2006	2005
	Revenues by Source
		Property Tax	$4,196,701	4,196,312	4,182,164	3,931,456	3,608,720	3,705,686
		Utility	3,543,999	3,550,970	3,346,308	3,230,934	3,255,918	3,148,894
		Sales Tax	1,457,802	1,531,043	1,780,345	1,695,608	1,541,920	1,379,795
		Sales & Services	243,485	231,460	189,344	187,567	191,176	178,889
		Intergovernmental	3,013,683	1,704,401	1,313,037	1,511,959	1,802,822	1,232,975
		Debt Proceeds	24,849	30,862	27,707	28,203	25,660	23,827
		Other Miscellaneous	73,919	2,353,634	2,555,040	819,254	2,441,510	1,040,437
		Total	$12,554,438	13,598,682	13,393,945	11,404,981	12,867,726	10,710,503

	Expenditures by Function
		Utility	$4,089,131	2,384,246	2,443,757	2,177,705	2,437,398	2,618,254
		Debt Service	889,170	2,763,801	914,214	936,480	2,433,479	936,483
		Transportation	972,322	1,450,611	1,189,015	1,237,652	1,066,225	892,166
		General Government	1,615,128	1,913,515	2,383,012	1,967,828	1,355,836	1,518,781
		Public Safety	3,197,216	4,111,094	3,074,603	3,091,888	2,909,964	4,460,947
		Other	2,737,356	2,456,337	1,637,608	1,573,923	2,625,508	3,133,983
		Total	$13,500,323	15,079,604	11,642,209	10,985,476	12,828,410	13,560,614

	Expenditures by Object
		Salaries & Wages	$5,203,393	5,231,127	5,007,027	4,639,601	4,541,078	4,412,592
		Capital Outlay	3,613,542	3,383,496	1,795,758	1,222,901	2,174,311	3,286,100
		Other Operating + Debt Service	4,642,558	6,436,656	4,810,524	5,094,074	6,084,121	4,291,672
		Total	$13,459,493	15,051,279	11,613,309	10,956,576	12,799,510	11,990,364


	Per Capita Revenues by Source
		Property Tax	$517	523	528	505	472	493
		Utility	437	443	422	415	425	419
		Sales Tax	180	190	225	217	202	184
		Sales & Services	30	29	24	24	25	24
		Intergovernmental	372	213	166	194	236	164
		Debt Proceeds	3	4	3	4	3	3
		Other Miscellaneous	9	294	323	105	319	139
		Total	$1,548	1,696	1,691	1,464	1,682	1,426

	Per Capita Expenditures by Function
		Utility	$504	297	308	279	319	349
		Debt Service	110	345	115	120	318	125
		Transportation	120	181	150	159	139	119
		General Government	199	239	302	253	177	202
		Public Safety	394	513	388	397	380	594
		Other	338	306	207	202	343	417
		Total	$1,665	1,881	1,470	1,410	1,676	1,806

	Per Capita Expenditures by Object
		Salaries & Wages	$642	653	632	595	593	588
		Capital Outlay	446	422	227	157	284	438
		Other Operating	572	803	607	654	796	571
		Total	$1,660	1,878	1,466	1,406	1,673	1,597

	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	122	120	120	124	123	120
		Average Population In Group	4,664	4,697	4,793	4,727	4,663	4,600
		City of Conover Population	8,110	8,016	7,922	7,792	7,652	7,510
	Group Average Per Capita Revenues by Source
		Property Tax	337	346	336	310	306	296
		Utility	318	315	313	317	332	313
		Sales Tax	123	144	160	159	152	147
		Sales & Services	84	82	78	76	71	66
		Intergovernmental	194	179	175	172	159	163
		Debt Proceeds	52	152	111	24	28	35
		Other Miscellaneous	118	157	179	229	189	134
		Total	1,226	1,375	1,352	1,287	1,237	1,154

	Group Average Per Capita Expenditures by Function
		Utility	413	414	370	332	305	290
		Debt Service	101	100	102	96	98	101
		Transportation	93	95	110	111	111	105
		General Government	178	185	168	159	156	157
		Public Safety	319	318	319	310	281	268
		Other	216	219	230	235	209	215
		Total	1,320	1,331	1,299	1,243	1,160	1,136

	Group Average Per Capita Expenditures by Object
		Salaries & Wages	431	436	423	414	398	394
		Capital Outlay	345	342	300	270	224	203
		Other Operating	543	553	576	557	537	535
		Total	1,319	1,331	1,299	1,241	1,159	1,132


General Fund Go to top of page			2010	2009	2008	2007	2006	2005
	General Fund revenues		$7,027,371	7,189,875	7,591,128	7,208,621	6,576,237	6,391,030
	General Fund expenditures		7,020,194	9,262,832	7,369,278	6,686,938	8,392,531	6,156,806
	Operating transfers in		485,390	596,887	585,402	360,268	463,000	435,000
	Operating transfers out		174,204	1,340,419	703,309	655,792	585,945	473,257
	Capital leases and installment purchase proceeds		-	1,917,230	-	21,680	1,915,000	-
	Other items		6,070	-	2,628	-	-	-
	Excess of revenues and other sources over (under) expenditures and other uses		324,433	(899,259)	106,571	247,839	(24,239)	195,967

	Fund balance available (FBA):
		In dollars	$3,364,411	3,139,086	3,861,199	3,961,683	3,838,823	3,874,842
		FBA as a % of GF Net Expenditures:
		Unit's FBA %	46.76	36.14	47.83	54.11	54.35	58.44
		Group weighted average FBA %	68.00	70.26	65.07	64.31	62.32	62.21
		State weighted average Non-Electric Group	39.13	37.89	36.65	37.39	37.38	36.82
		State weighted average FBA %	37.79	37.09	36.34	36.54	36.96	36.78


Enterprise Funds: Go to top of page
	Water/Sewer

	Combined financial results:
		Working capital	$4,076,113	3,672,398	3,232,030	3,035,877	2,692,431	2,815,829
		Quick ratio	5.59	6.09	4.87	5.75	4.98	5.14
		Net income	1,875,793	405,662	174,984	532,843	715,357	132,737
		Cashflow from operations	1,039,978	1,020,171	1,255,875	1,036,196	1,028,630	924,719
		Depreciation & Amortization Expense	811,489	782,615	772,666	758,101	723,955	694,839



Cash, Investments and Financing Go to top of page			2010	2009	2008	2007	2006	2005

		Population at July 1st of the Previous Year	8,110	8,016	7,922	7,792	7,652	7,510
		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	$0	0	0	0	0	0
		Investment Earnings	0	0	0	0	0	1,452
		Tax Rate Equivalent	0.0000	0.0000	0.0000	0.0000	0.0000	0.0001
		Tax Rate Equivalent Group weighted average	0.0001	0.0007	0.0012	0.0012	0.0003	0.0003
		Tax Rate Equivalent Statewide weighted average	0.0013	0.0034	0.0069	0.0101	0.0080	0.0043
		Latest year of Revaluation	2007	0	2007	2003	2003	2003
		January 1, Prior Year Assessed Valuation	$1,040,287,053	1,040,551,655	1,024,820,288	995,412,419	963,213,402	972,569,787
		Tax Rate	0.4000	0.4000	0.4000	0.4000	0.3800	0.3800
		Tax Rate Group weighted average	0.2417	0.2697	0.2669	0.3116	0.3191	0.3626
		Tax Rate State Wide	0.4060	0.4262	0.4238	0.4450	0.4321	0.4448
		Assessment -to-Sales Ratio	97.85	97.94	88.84	94.58	96.47	99.30
		Assessment -to-Sales Ratio Group weighted average	102.73	92.17	90.92	83.51	91.52	85.31
		Assessment -to-Sales Ratio Statewide	98.29	90.81	88.53	88.41	92.28	92.35
		Assessed Valuation Adjusted for Assesment to Sales Ratio	$1,063,144,663	1,062,437,875	1,153,557,281	1,052,455,508	998,459,005	979,425,767
		EffectiveTax Rate	0.3914	0.3918	0.3554	0.3783	0.3666	0.3773
		Group weighted average Effective Tax Rate	0.2483	0.2486	0.2427	0.2602	0.2921	0.3093
		Statewide weighted average Effective Tax Rate	0.3990	0.3870	0.3752	0.3934	0.3987	0.4108
		Percent Collected	96.1500	96.2800	97.4100	97.3500	96.9900	97.8000
		Percent Collected Group weighted average	96.69	95.41	95.81	96.70	96.72	96.85
		Percent Collected Statewide	97.61	97.36	97.56	97.58	97.55	97.42
		Percent Collected Excluding Motor Vehicles	96.84	96.95	98.24	98.16	97.87	98.64
		Percent Collected Excluding Motor Vehicles Group weighted average	97.44	97.55	98.06	97.99	98.08	97.96
		Percent Collected Excluding Motor Vehicles Statewide weighted average	98.30	98.31	98.65	98.59	98.61	98.36
		Percent Collected Motor Vehicles Only	84.38	85.71	85.52	85.04	85.33	85.95
		Percent Collected Motor Vehicles Only Group weighted average	85.63	85.23	85.75	86.04	86.22	85.87
		Percent Collected Motor Vehicles Only Statewide weighted average	86.89	86.67	86.74	86.71	86.80	87.31
		Tax Uncollected	363,347	377,031	343,774	310,028	328,641	292,243
		Tax Rate Equivalent	0.0349	0.0362	0.0335	0.0311	0.0341	0.0300
		Dominant County: Catawba
	Debt Information
		Population Group	5,000 to 9,999	5,000 to 9,999	5,000 to 9,999	5,000 to 9,999	5,000 to 9,999	5,000 to 9,999
		Ratings:
		Fitch
		Moody's	Aa2	A1	A1	A1	A1	A1
		S & P	A+	A+	A+	A+	A+	A+

		General Obligation Debt (GO) where the taxing power of the entrire municipality is pledged to pay the obligation
		Enterprise GO Debt	$1,000,000	1,125,000	1,250,000	1,375,000	1,500,000	1,625,000
		General Government GO Debt	0	0	0	0	0	0
		Total General Obligation Debt	1,000,000	1,125,000	1,250,000	1,375,000	1,500,000	1,625,000
		Per Capita	$123	140	158	176	196	216
		Total Per Capita for the Population Group	89	69	71	93	117	131
		Total Per Capita Statewide	449	455	456	478	495	505
		Total per Assessed Valuation Adjusted for Current Year Sales	0.0941%	0.1059%	0.1084%	0.1306%	0.1502%	0.1659%
		Total per Assessed Valuation Adjusted for Current Year Sales- Group Average	0.0700%	0.0531%	0.0577%	0.0861%	0.1199%	0.1450%
		Total per Assessed Valuation Adjusted for Current Year Sales - Statewide	0.4104%	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 Government	35,703	105,116	2,055,317	307,367	438,180	2,064,548
		Total*	$35,703	105,116	2,055,317	307,367	438,180	2,064,548
		* The total only includes the contracts that require Local Government Commission approval.
		Revenue Bond Debt	$1,726,113	1,114,000	1,365,400	1,616,800	1,868,200	2,119,600


Annual Financial Information Report Detail Go to top of page
Line	Section	Description	2010	2009	2008	2007	2006	2005
	Population at July 1st of the Previous Year Adjusted for Boundry Changes		8,110	8,016	7,922	7,792	7,652	7,510

1.5A	FISCAL	Governmental Activities Assets	33,776,369	32,842,353	32,950,046	30,547,261	29,178,742	28,110,271
1.5B	SUMMARY	Governmental Activities Liabilities	4,893,775	4,931,987	5,109,554	3,219,026	3,475,983	3,297,951
3.5A		Business Type Activities Assets	33,219,026	30,826,526	30,924,301	31,005,081	30,599,779	30,686,264
3.5B		Business Type Activities Liabilties	3,233,439	2,706,590	3,203,633	3,464,172	3,957,823	4,410,041
6.5A		Fiduciary Funds Assets	242,211	270,213	261,428	248,075	232,825	209,810
6.5B		Fiduciary Funds Liabilties	985					284
10.0	PART 2	Current Collections of Unit -Wide Levy	4,082,823	4,092,218	4,103,855	3,843,986	3,551,718	3,622,493
11.0	TAX	Current Collections of Special Tax Districts		80,128	75,589	68,548	50,869	50,484
12.0	REVENUES	Prior Years' Levy Collections	92,216	85,408	64,143	70,679	44,560	64,630
13.0		Penalties and Interest	21,662	18,686	14,166	16,791	12,442	18,563
14.0		Collections of Taxes Previously Written Off
15.0		Animal Tax
15.1		Solid Waste Disposal Tax
16.0		1% Local Government Option Sales Tax	625,796	660,056	802,167	738,135	677,555	656,770
17.0		1/2% Local Government Option Sales Tax (40)	286,816	299,671	332,510	325,444	291,293	236,275
18.0		1/2% Local Government Option Sales Tax (42)	312,246	295,927	328,949	322,058	288,596	233,794
18.5		1/2% Local Government Option Sales Tax (44)	232,944	275,389	316,719	309,971	284,476	252,956
19.0		Privilege Licenses	2,740	3,783	3,253	3,196	2,897	2,739
19.2		Privilege -- All other privileges and pemits
20.0		Auto Licenses
21.0		Vehicle Tax for Public Transportation
22.0		Other Licenses		84,162	80,916	107,667	63,360	58,534
23.0		Local Occupancy Tax
24.0		Prepared Food Tax
25.0		911 Charges
26.0		Gross Short Term lease and Rental Tax	1,309	1,485	1,404	2,071	1,618	1,274
27.0	FEDERAL	Payments In Lieu of Taxes - Federal
28.0	INTERGOV	Equitable Sharing of Fed. Forfeited Prop.	11,240	1,685	6,242	3,804
29.0	REVENUES	General Government	458,770
30.0		Public Safety		83,295	25,288	215,579	50,391	24,533
31.0		Transportation - Streets			5,608	44,158
32.0		Transportation - All Other
33.0		Environmental Protection	33,655
34.0		Econ. & Phys. Dev. - Housing/Comm. Dev.	349,663	458,268	22,723
35.0		Econ. & Phys. Dev. - All Other	863,512			69,509	280,000	33,540
36.0		Human Services: Health, Mental Hlt & Hosp
37.0		Human Services: All Other
38.0		Culture & Recreation
39.0	STATE	Payments In Lieu of Taxes - State
40.0	INTERGOV	Unauthorized Substance Tax	5,318	2,017	3,119	10,581	3,445	5,779
41.0	REVENUES	Transitional Hold Harmless	192,856	154,432	161,857	178,792	200,332	223,025
42.0		Wireless Enhanced 911 Service Charges
42.1		Emergency Telephone Services Fund (ETSF) Revenues (Do not include interest)
42.2		ETSF Interest Income
43.0		Piped Natural Gas Charge Distribution	75,000	86,688	90,475	91,613	90,782	95,072
44.0		Utility Franchise Tax	701,699	615,465	627,859	584,947	578,237	564,132
45.0		Beer and Wine Tax	11,433	35,578	35,893	34,577	33,171	31,161
46.0		Powell Bill	230,937	259,340	287,585	254,002	255,539	242,224
50.0		Court Fees - Facilities and Arrest Fees	5,113	3,648	3,605	3,819	5,567	4,875
51.0		General Government					2,500	1,750
52.0		Public Safety	70,678		2,308		1,240
53.0		Transportation - Streets
54.0		Transportation - All Other			20,000
55.0		Environmental Protection			14,071			5,610
56.0		Econ. & Phys. Dev. - Housing/Community Dev
57.0		Econ. & Phys. Dev. - All Other					300,000
58.0		Human Services -Health, Mental Health, Hosp
59.0		Human Services - All Other
60.0		Culture and Recreation
61.0	LOCAL	Payments in Lieu of Taxes - Local
62.0	INTERGOV	General Government	2,500	2,500	5,000	9,780
63.0	REVENUES	Public Safety				8,727
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
71.0	PERMITS	Building Permits
72.0	& FEES	Inspection Fees
72.1		Amusements licensing and permit taxes
73.0		Other Permits	2,474
74.0	SALES &	Parking Revenues
75.0	SERVICES	Rents and Royalties	70,207	64,464	64,464	63,723	66,391	62,077
76.0		Airport
77.0		Fire Protection Charges			16,434	16,435	16,270	16,215
78.0		Solid Waste	153,454	149,096	95,446	93,684	91,815	89,747
79.0		Ambulance and Rescue Squad Charges
80.0		Cemeteries	17,350	17,900	13,000	13,725	16,700	10,850
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	15,380	11,718	7,243	23,779	4,621	6,272
86.0	UTILITY	Water and Sewer Charges	3,528,619	3,539,252	3,339,065	3,207,155	3,251,297	3,142,622
87.0	REVENUES	Electric Charges
88.0		Gas Charges
88.1		Storm Water Fees
89.0	MISC.	Investment Earnings - Bond Proceeds						1,452
90.0	REVENUES	Investment Earnings - All Other Funds	42,044	232,882	492,740	544,431	383,029	220,557
91.0		Special Assessments					500	80
92.0		Private Contributions and Donations	1,000		2,340	23,750	25,855	1,725
93.0		Sales of Materials and Fixed Assets	28,135	35,449	16,838	71,662		4,866
94.0		Sale of Real Property
95.0		Nongovt Contr For Streets & Traffic Signals
96.0		ABC Mixed Drink Surcharge
97.0		ABC Profit Distribution
98.0		Other Miscellaneous Revenues	24,849	30,862	27,707	28,203	25,660	23,827
99.0		Proceeds of Sale of Bonds and Notes
100.0		Proceeds of Capital Leases/Install Purchases		1,917,230	1,883,364		1,915,000	700,000
101.0		Other	863,513			21,142	21,798	41,966
102.0	NON-REV	School - Current Levy Collections
103.0	RECEIPTS	Prior Years' Levy Collections
104.0		Tax Collections for Other Units
105.0		Utilities Customer's Deposits	10,923	7,978	19,085	24,927	202	855
106.0		Deposits Other than Utility	-5,699	16,387	-6,723	-30,716	6,097	-7,309
107.0		Prepaid Taxes	3,271	1,101		-2,960	2,960	201
108.0		Prepaid Privilege Licenses	12	-733	321	-621	3	481
109A	PART 4	Governing Body - Salaries & Wages
109B	GENERAL	Governing Body - Other Direct	119,459	123,365	119,040	133,124	102,274	100,884
109C	GOVT	Governing Body - Construction
109D		Governing Body - Purchase of P,P&E						21,843
110A		Administration - Salaries & Wages	464,948	496,227	471,782	449,987	444,293	477,090
110B		Administration - Other Direct	91,351	107,584	138,812	138,377	158,257	146,974
110C		Administration - Construction
110D		Administration - Purchase of P,P&E
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
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	36,681	65,635	60,837	30,940	15,295	17,718
114C		Legal - Construction
114D		Legal - Purchase of P,P&E
115A		Public Buildings - Salaries & Wages
115B		Public Buildings - Other Direct	85,400	100,679	96,683	487,122	82,890	69,386
115C		Public Buildings - Construction		82,240		13,695	37,968
115D		Public Buildings - Purchase of P,P&E						80,765
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	508,900	510,019	472,388	410,296	369,943	420,989
118B		Gen. Govt. All Other - Other Direct	308,389	402,582	341,585	229,053	139,921	131,760
118C		Gen. Govt. All Other - Construction			674,270
118D		Gen. Govt. All Other - Purchase of P,P&E		25,184	7,615	75,234	4,995	31,976
119A	PUBLIC	Police & Comm - Traffic Control - Salaries and Wages	1,320,809	1,311,405	1,322,249	1,192,766	1,199,670	1,195,236
119B	SAFETY	Police & Comm - Traffic Control - Other Direct	288,186	320,447	360,333	300,951	334,481	327,753
119C		Police & Comm - Traffic Control - Construction		1,043,311	115,910
119D		Police & Comm - Traffic Control - Purchase of P,P&E	69,030	159,587	76,735	93,298	92,813	89,509
120A		Emergency Communications - Salaries & Wages
120B		Emergency Communications - Other Direct
120C		Emergency Communications - Construction
120D		Emergency Communications - Purchase of P,P&E
120B		Emergency Telephone Service Fund (ETSF) Expenditures - Operating
120C		ETSF Expenditures - Capital Construction
120D		ETSF Expenditures - Capital Purchases
121A		Emergency Mgmt - Salaries & Wages
121B		Emergency Mgmt - Other Direct
121C		Emergency Mgmt - Construction
121D		Emergency Mgmt - Purchase of P,P&E
122A		Fire - Salaries & Wages	807,491	797,141	720,360	640,359	585,098	480,900
122B		Fire - Other Direct	285,892	317,367	365,666	649,894	511,768	413,680
122C		Fire - Construction	12,700			6,294	106,352	1,105,040
122D		Fire - Purchase of P,P&E	364,536	110,715	62,753	163,258	33,869	803,188
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
127A	TRANSPOR	Traffic Engineering - Salaries & Wages
127B	TATION	Traffic Engineering - Other Direct
127C		Traffic Engineering - Construction
127D		Traffic Engineering - Purchase of P,P&E	266,269	271,474	250,782	241,923	210,904	221,217
128A		Streets and Highways - Salaries & Wages	462,733	533,879	528,596	525,722	491,897	422,475
128B		Streets and Highways - Other Direct			80,180		65,282	34,861
128C		Streets and Highways - Construction		264,623	60,704	259,697	59,185	23,023
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	88,645	87,281	81,360	79,310	86,002	64,943
130B		Powell Bill - Other Direct	154,675	164,640	143,771	131,000	140,440	103,358
130C		Powell Bill - Construction						22,289
130D		Powell Bill - Purchase of P,P&E		128,714	43,622		12,515
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
136A	ENVIRON	Solid Waste - Salaries & Wages	339,954	385,309	350,538	334,571	335,519	298,885
136B	MENTAL	Solid Waste - Other Direct	286,380	302,355	291,025	268,303	276,892	243,814
136C	PROTECTION	Solid Waste - Construction
136D		Solid Waste - Purchase of P,P&E		142,899	151,895	173,026	58,895	7,268
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	188,189	167,850	184,401	162,673	151,297	81,370
138B		Cemeteries - Other Direct	102,311	129,909	112,242	107,663	116,710	55,824
138C		Cemeteries - Construction				2,825
138D		Cemeteries - Purchase of P,P&E		6,055	7,629			16,047
139A		Environ. All Other - Salaries & Wages
139B		Environ. All Other - Other Direct
139C		Environ. All Other - Construction
139D		Environ. All Other - Purchase of P,P&E
140A	ECONOMIC	Planning & Zoning - Salaries & Wages	184,116	182,092	179,381	152,636	149,662	157,950
140B	& PHYSICAL	Planning & Zoning - Other Direct	46,473	57,949	109,775	78,236	68,855	62,378
140C	DEVELOP	Planning & Zoning - Construction
140D		Planning & Zoning - Purchase of P,P&E			21,314
141A		Economic Development - Salaries & Wages
141B		Economic Development - Other Direct	85,504	58,723	56,819	53,826	55,349	81,584
141C		Economic Development - Construction	1,037,970	440,566		91,683	757,931	94,438
141D		Economic Development - Purchase of P,P&E			11,551	21,743
142A		Community Development - Salaries & Wages
142B		Community Development - Other Direct
142C		Community Development - Construction	10,055	485,038	28,733
142D		Community Development - Purchase of P,P&E
143A		Housing & Urban Renewal - Salaries & Wages
143B		Housing & Urban Renewal - Other Direct	345,126
143C		Housing & Urban Renewal - Construction
143D		Housing & Urban Renewal - Purchase of P,P&E					540,227
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
146A	HUMAN	Health - Salaries & Wages
146B	SERVICES	Health - 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
153A	CULTURE	Recreation & Parks - Salaries & Wages						81,371
153B	RECREATION	Recreation & Parks - Other Direct						54,194
153C		Recreation & Parks - Construction
153D		Recreation & Parks - Purchase of P,P&E						17,647
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
158A	UTILITY	Water & Sewer - Salaries & Wages	837,608	759,924	695,972	691,281	727,697	731,383
158B		Water & Sewer - Other Direct	1,398,541	1,401,232	1,465,540	1,406,199	1,451,044	1,135,021
158C		Water & Sewer - Construction	1,799,165	120,682	86,898	21,082	156,197	685,124
158D		Water & Sewer - Purchase of P,P&E	53,817	102,408	195,347	59,143	102,460	66,726
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
161B	DEBT	Water & Sewer - Interest & Fees	437,783		131,858	148,905	165,904	482,175
161D	SERVICE	Water & Sewer - Principal	97,612		457,450	462,668	461,290	182,855
162B		Electric - Interest & Fees		458,927
162D		Electric - Principal		114,761
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 & Fees	172,272	2,031,185	111,581	119,140	64,616	197,075
166D		All Other - Principal	181,503	158,928	213,325	205,767	1,741,669	74,378
167B	PENSION	Direct Benefit Program - Other Direct
168B	FRINGE	Fringe Benefits Unallocated
169B		Separation Allowance - Law Enforcement
170B		Separation Allowance - Other Employees
171B		Supplemental Retirement - Law Enforcement	48,572	51,121	50,597	45,068	45,913	45,641
172B		Fringe Benefits Other	8,184	3,612	14,340	3,021	10,366	5,527
173A	INTERGOV	Multi-Cnty Libr Dis,Cnty,Or Other - Recipient						County
173B	EXPEND	Multi-Cnty Libr Dis,Cnty,Or Other - Item #						156
173C		Multi-Cnty Libr Dis,Cnty,Or Other - Amount						19,396
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	Western Piedmont Transist	Western Piedmont Transit	Western Piedmint Transist	Piedmont Wagon	City of Hickory	City of Hickory/Piedmont wagon
176B		Other - Intergovt. Expenditures - Item #	132	132	132	132	132	132
176C		Other - Intergovt. Expenditures - Amount	52,331	55,085	77,902	83,000	62,500	64,892
177A		Other - Intergovt. Expenditures - Recipient	City of Hickory	City of Hickory	Hickory Water Plant Exp.	Hickory Water Plant Expan.	City of Hickory	City of Hickory
177B		Other - Intergovt. Expenditures - Item #	158	158	158	158	158	158
177C		Other - Intergovt. Expenditures - Amount	9,933	10,570	11,163	11,817	12,405	240,544
178A		Other - Intergovt. Expenditures - Recipient	City of Newton	City of Newton	Newton Sewer Plant capacity	Newton Sewer Plant	City of Newton	City of Newton
178B		Other - Intergovt. Expenditures - Item #	158	158	158	158	158	158
178C		Other - Intergovt. Expenditures - Amount	40,830	28,325	28,900	28,900	28,900	1,570,250
179.0		Current year's levy -- Excluding motor vehicles	4,009,595.	3,995,281.00	3,938,799.00	3,706,682.00	3,405,990.00	3,458,948.00
180.0		Current year's levy -- Motor vehicles (only)	236,780.	255,219.00	274,269.00	241,754.00	255,953.00	245,107.00
181.0	PART 6	Uncollected Taxes - Current Year's Levy Except Mot Veh	126,567.	121,812.00	69,505.00	68,274.00	72,688.00	47,136.00
182.0	OTHER	Uncollected Taxes - CY Levy -Motor Vehicles	36,985	36,469	39,708	36,177	37,537	34,426
183.0	DATA	Percentage of Taxes Collected - All Property %	96.15	96.28	97.41	97.35	96.99	97.80
184.0	DATA	Percentage of Taxes Collected - Exclude Motor Vehicles%	96.84	96.95	98.24	98.16	97.87	98.64
185.0		Percentage of Taxes Collected - Motor Vehicles %	84.38	85.71	85.52	85.04	85.33	85.95
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
189A	PART 7	Cash On Hand & in Bank - Debt Service
189B	CASH &	Cash On Hand & in Bank - Construction Bond
189C	INVEST	Cash On Hand & in Bank - All Other	10,365,073	10,578,731	12,341,222	10,071,777	9,972,272	9,984,232
190A	PART	Appropriations Made During FY - B(1) - B(7)
190B	8	Expenditures 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
194A	PART 9	Amount - Total Revenues	15,151,629	16,827,587	15,374,647	13,577,031	15,052,835	12,174,621
194B	FISCAL	Amount - Subtract Refunding Bond Proceeds
194C	SUMMARY	Amount - Subtract Interfund Transfers In	1,733,678	3,228,905	1,980,702	2,150,908	2,163,311	1,422,152
194D		Amount - Net Revenues	13,417,951	13,598,682	13,393,945	11,426,123	12,889,524	10,752,469
		Calculated amount	13,417,951	13,598,682	13,393,945	11,426,123	12,889,524	10,752,469
		Amounts in AGREEMENT??	Yes	Yes	Yes	Yes	Yes	Yes
		Difference
195A		Amount - Total Expenditures	15,234,001	18,308,509	13,622,911	13,136,384	14,991,721	14,982,766
195B		Amount - Subtract Pymts. to Refunded Debt Agent
195C		Amount - Subtract Interfund Transfers Out	1,733,678	3,228,905	1,980,702	2,150,908	2,163,311	1,422,152
195D		Amount - Net Expenditures	13,500,323	15,079,604	11,642,209	10,985,476	12,828,410	13,560,614
		Calculated amount	13,500,323	15,079,604	11,642,209	10,985,476	12,828,410	13,560,614
		Amounts in AGREEMENT??	Yes	Yes	Yes	Yes	Yes	Yes
		Difference

401A	Part 10	Number of residential accounts billed Water				88,346
401B	Water /	Number of residential accounts billed Sewer				3,345
402A	Sewer	Amount processed and/or purchased in units Water	705,863,074	551,582	779	682,814
402B	Operations	Amount processed and/or purchased in units Sewer	533,234,559	483,260	433	300,055
403A		Total amount billed in units - Water	488,717,888	525,397	577,580	551,528
403B		Total amount billed in units - Sewer	256,468,594	270,461	295,916	286,179
404A		Of the total in 403A above how many units were Residential W	260,091,629	264,974	297,556	261,083
404B		Of the total in 403B above how many units were Residential S				103,532
405A		Of the total in 403 above, how many units were Outside Muni W				2,139
405B		Of the total in 403 above, how many units were Outside Muni S				88,346
406A		Of the total in 405A above how many units were Residential W				2,139
406B		Of the total in 405B above how many units were Residential S				125,667
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 bulk	1,691,012	1,731,358	1,589,956	1,496,118
408A		Dollars related to 403A above	1,526,009	1,540,777	1,490,320	1,106,744
408B		Dollars related to 403B above	1,227,275	1,181,682	1,127,421	1,027,815
409A		Dollars related to 404A above	752,666	751,708	760,241	712,601
409B		Dollars related to 404B above				516,378
410A		Dollars related to 405A above				18,924
410B		Dollars related to 405B above				480,318
411A		Dollars related to 406A above				18,924
411B		Dollars related to 406B above				122,147
412A		Dollars related to 407A above
412B		Dollars related to 407B above	5,465	5,270	5,238
421A		Number of residential accounts billed - Water	3,509	3,104	3,080
421B		Number of residential accounts billed - Sewer	574	636	629
422A		Number of non-residential & bulk accounts billed - Water	475	515	508
422B		Number of non-residential & bulk accounts billed - Sewer	2	2	2	2	2	2
423A		Estimated percentage of accounts outside of municipal limits



950.0		Official	Vickie K Schlichting
951.0		Title	Finance Director
952.0		Date	10/25/2010	Novermber 9, 2009	11/14/2008	10/29/2007	11/07/2006	11/23/2005
953.0		Contact	Vickie Schlichting
954.0		Title	Finance Director
955.0		Phone	828-464-1191
956.0		Fax	828-465-5177
957.0		E-Mail:

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

	2010	2009	2008	2007	2006	2005

Population	8,110	8,016	7,922	7,792	7,652	7,510
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	$3,344,802	3,279,325	3,250,963	3,222,901	3,242,949	3,071,061
Total Operating Revenues Per Capita	$412	409	410	414	424	409
Group Weighted Average Revenues Per Capita	288	283	275	278	288	272
State Weighted Average Revenues Per Capita	306	290	293	293	286	262

% to Total Operating Revenues
Operating Expenses	91.12%	87.98%	91.59%	89.86%	90.81%	91.22%
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	8.88%	12.02%	8.41%	10.14%	9.19%	8.78%
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%	2.90%	0.11%	0.00%	0.00%	0.26%
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	7.47%	8.16%	7.69%	8.28%	8.09%	7.65%
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	-1.76%	4.75%	-0.69%	-0.09%	-2.46%	-4.10%
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	5.59	6.09	4.87	5.75	4.98	5.14
Group Weighted Average	3.00	3.22	3.12	3.26	3.67	3.54
State Weighted Average	3.20	2.81	2.96	2.90	2.82	1.82

Days Sales in Receivables	8.0	35.1	35.5	37.8	34.6	35.8
Group Weighted Average	58.1	61.8	53.9	54.2	54.1	53.6
State Weighted Average	58.8	58.6	56.1	60.7	58.1	60.0

Days Cash on Hand	710.9	691.0	616.5	566.8	498.1	547.5
Group Weighted Average	389.6	441.3	485.2	520.4	454.6	443.8
State Weighted Average	526.9	479.1	507.5	565.1	514.1	479.7

Cash flow from Operations	$1,039,978	1,020,171	1,255,875	1,036,196	1,028,630	924,719

Debt to Equity	0.09	0.09	0.10	0.12	0.14	0.16
Group Weighted Average	0.29	0.28	0.24	0.26	0.24	0.25
State Weighted Average	0.60	0.56	0.57	0.55	0.52	0.54

Debt per Capita	343	299	355	420	488	558
Group Weighted Average	391	386	343	339	315	324
State Weighted Average	997	927	932	886	798	753

Capital Expenditures:	2010	2009	2008	2007	2006	2005
	$0	0	0	0	0	0

	2004	2003	2002	2001
	$428,466	480,675	239,444	1,259,150

Capital Contributions: Excluded from income above	$1,934,723	249,959	197,408	535,742	795,284	258,626


Operating Statistics

Estimated population of the areas served Water	0	0	0	5,431	NA	NA
Estimated population of the areas served Sewer	0	0	0	3,345	NA	NA

Number of Gallons of Water Processed (000) omitted	705,863,074	551,582	779	682,814	NA	NA
Number of Gallons of Sewage Processed (000) omitted	533,234,559	483,260	433	300,055	NA	NA

Number of Gallons of Water Billed (000) omitted	488,717,888	525,397	577,580	551,528	NA	NA
Number of Gallons of Sewage Billed (000) omitted	256,468,594	270,461	295,916	286,179	NA	NA

Ratio of Water Billed to Water Processed	0.69237	0.95253	741.43774	0.80773	NA	NA
Ratio of Sewage Billed to Sewage Processed	0.48097	0.55966	683.40878	0.95376	NA	NA

Total Revenue from Water Sales	1,691,012	1,731,358	1,589,956	1,496,118	NA	NA
Total Revenue from Sewage Sales	1,526,009	1,540,777	1,490,320	1,106,744	NA	NA

Water Revenue per 1000 gallons of Sales				275.47744	NA	NA
Sewage Revenue per 1000 gallons of Sales				330.86517	NA	NA

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

State Average Sales per thousand Gallons Water	$25.53413	$28.47236	$12,972.02948	$5,350.70834	NA	NA
State Average Sales per thousand Gallons Sewage	$40.97199	$44.63671	$11,463.64343	$3,991.93085	NA	NA

Residential Water Sales per thousand Gallons	$0.00472	4.45961	3.78894	3.93674	NA	NA
Residential Sewage Sales per thousand Gallons	$0.00510	5.01530	4.56549	4.66148	NA	NA

Water Sales per thousand Gallons outside Municipal Limits				4.98762	NA	NA
Sewage Sales per thousand Gallons outside Municipal Limits				8.84712	NA	NA

Total Water Sales per thousand gallons for Redistribution	$0.00000	0.00000	0.00000	122,147.00000	NA	NA
Total Sewage Sales per thousand gallons for Redistribution	$0.00000	0.00000	0.00000	0.00000	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

	2006	2007	2008	2009	2010
Unit's FBA %	54.35%	54.11%	47.83%	36.14%	46.76%
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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2006 2007 2008 2009 2010

Municipality 96.99% 97.35% 97.41% 96.28% 96.15%

Pop. Group 96.72% 96.70% 95.81% 95.41% 96.69%

Statewide 97.55% 97.58% 97.56% 97.36% 97.61%

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

	2006	2007	2008	2009	2010
Municipality	96.99%	97.35%	97.41%	96.28%	96.15%
Pop. Group	96.72%	96.70%	95.81%	95.41%	96.69%
Statewide	97.55%	97.58%	97.56%	97.36%	97.61%

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

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2006 2007 2008 2009 2010

Municipality 196 176 158 140 123

Pop. Group 117 93 71 69 89

Statewide 495 478 456 455 449

Municipal Population Group: 5,000 to 9,999

	2006	2007	2008	2009	2010
Municipality	196	176	158	140	123
Pop. Group	117	93	71	69	89
Statewide	495	478	456	455	449

Municipal Population Group: 5,000 to 9,999

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2006 2007 2008 2009 2010

Property Tax $472 505 528 523 517

Utility 425 415 422 443 437

Sales Tax 202 217 225 190 180

Sales & Services 25 24 24 29 30

Intergovernmental 236 194 166 213 372

Debt Proceeds 3 4 3 4 3

Other Miscellaneous 319 105 323 294 9

Total $1,682 1,464 1,691 1,696 1,548

	2006	2007	2008	2009	2010
Property Tax	$472	505	528	523	517
Utility	425	415	422	443	437
Sales Tax	202	217	225	190	180
Sales & Services	25	24	24	29	30
Intergovernmental	236	194	166	213	372
Debt Proceeds	3	4	3	4	3
Other Miscellaneous	319	105	323	294	9
Total	$1,682	1,464	1,691	1,696	1,548

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2010
2010

Category Revenue
Per Capita

Property Tax $4,196,701
$517

Water/Sewer 15,380
2

Electric 3,528,619
435

Other Utilities 0
0

Sales Tax 1,457,802
180

Sales & Services 243,485
30

Intergovernment 3,013,683
372

Debt Proceeds 24,849
3

Miscellaneous 73,919
9

Total $12,554,438
$1,548

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

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2010
2010

Category Expenditures
Per Capita

General Government $1,615,128
$199

Water/Sewer 0
0

Electric 4,089,131
504

Other Utilities 0
0

Debt Service 889,170
110

Transportation 972,322
120

Public Safety 3,197,216
394

Other 2,737,356
338

Total $13,500,323
$1,665

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

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2010
2010

Category Expenditures
Per Capita

Salaries & Wages $5,203,393
$642

Water/Sewer Capital 0
0

Electric Capital 1,852,982
228

Other Capital 1,760,560
217

Other Operating 4,642,558
572

Total $13,459,493
$1,660

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

Last Updated 5/4/2011 8:18:22 PM



	2010	2010
Category	Revenue	Per Capita
Property Tax	$4,196,701	$517
Water/Sewer	15,380	2
Electric	3,528,619	435
Other Utilities	0	0
Sales Tax	1,457,802	180
Sales & Services	243,485	30
Intergovernment	3,013,683	372
Debt Proceeds	24,849	3
Miscellaneous	73,919	9
Total	$12,554,438	$1,548

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

North CarolinaDepartment of State TreasurerFinancial InformationCity of Conover

Financial Graphs and Comparisons

North Carolina
Department of State Treasurer
Financial Information
City of Conover