North Carolina
Department of State Treasurer
Financial Information
Town of Davidson



Financial Profile | General Fund | Enterprise Funds | Cash, Investments and Financing
Annual Financial Information Report Detail
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
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200820072006200520042003

Revenues by Source







Property Tax$4,027,379 3,779,058 3,583,962 3,367,478 3,052,092 2,700,867


Utility 39,327 34,698 18,582 - - -


Sales Tax 1,037,032 990,549 970,149 1,023,955 805,037 512,558


Sales & Services 359,123 308,521 289,826 256,134 227,182 176,417


Intergovernmental 1,156,628 2,052,550 1,474,569 1,363,377 1,222,797 1,777,626


Debt Proceeds 1,355,210 - 1,614,000 858,728 889,464 2,109,346


Other Miscellaneous 1,513,552 2,308,815 969,515 426,929 457,678 343,917


Total$9,488,251 9,474,191 8,920,603 7,296,601 6,654,250 7,620,731










Expenditures by Function







Utility$0 - - - - -


Debt Service 943,862 776,984 805,330 693,538 128,851 204,107


Transportation 952,541 2,968,845 1,895,642 1,204,856 787,924 727,276


General Government 1,203,519 1,199,836 976,318 983,386 1,334,140 773,752


Public Safety 2,581,035 1,659,357 1,779,861 1,951,301 1,880,963 1,576,750


Other 3,555,565 2,944,450 2,722,468 2,443,580 2,492,954 4,011,030


Total$9,236,522 9,549,472 8,179,619 7,276,661 6,624,832 7,292,915










Expenditures by Object







Salaries & Wages$3,023,287 2,782,108 2,725,326 2,565,564 2,479,974 2,079,336


Capital Outlay 1,819,611 1,578,222 842,740 317,587 1,400,005 3,204,080


Other Operating + Debt Service 4,393,624 5,189,142 4,611,553 4,393,510 2,744,853 2,009,499


Total$9,236,522 9,549,472 8,179,619 7,276,661 6,624,832 7,292,915



















Per Capita Revenues by Source







Property Tax$413 415 439 420 388 361


Utility 4 4 2 - - -


Sales Tax 106 108 118 127 102 68


Sales & Services 37 34 35 32 29 24


Intergovernmental 119 226 181 170 156 237


Debt Proceeds 139 - 198 107 113 282


Other Miscellaneous 155 254 119 53 58 46


Total$973 1,041 1,092 909 846 1,018










Per Capita Expenditures by Function







Utility$0 - - - - -


Debt Service 97 85 99 86 16 27


Transportation 98 326 232 150 100 97


General Government 122 133 119 123 171 103


Public Safety 265 182 218 243 239 211


Other 365 324 333 305 317 536


Total$947 1,050 1,001 907 843 974










Per Capita Expenditures by Object







Salaries & Wages$310 306 334 320 315 278


Capital Outlay 187 173 103 40 178 428


Other Operating 450 571 564 547 350 268


Total$947 1,050 1,001 907 843 974










Population GroupNo Electric 2,500 to 9,999 No Electric 2,500 to 9,999 No Electric 2,500 to 9,999 No Electric 2,500 to 9,999 No Electric 2,500 to 9,999 No Electric 2,500 to 9,999


Number of Municipalites in Group 119 121 119 116 114 111


Average Population In Group 4,702 4,808 4,820 4,759 4,871 4,838


Town of Davidson Population 9,751 9,099 8,168 8,024 7,862 7,489

Group Average Per Capita Revenues by Source







Property Tax 339 312306296284282


Utility 315 316326307292279


Sales Tax 160 158154146140120


Sales & Services 81 7974706867


Intergovernmental 182 176160165184179


Debt Proceeds 174 10995657769


Other Miscellaneous 126 16112611097132


Total 1,377 1,3111,2411,1591,1421,128










Group Average Per Capita Expenditures by Function







Utility 377 334305290305298


Debt Service 103 979810110497


Transportation 112 11211210510090


General Government 170 160156154159136


Public Safety 322 312280268261249


Other 233 237209218199214


Total 1,317 1,2521,1601,1361,1281,084










Group Average Per Capita Expenditures by Object







Salaries & Wages 421 408390385359354


Capital Outlay 284 254205179208172


Other Operating 612 590565572561558


Total 1,317 1,2521,1601,1361,1281,084


















General Fund
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200820072006200520042003

General Fund revenues$7,832,541 7,247,935 6,768,973 6,181,608 5,620,746 5,441,339

General Fund expenditures 8,225,368 6,711,324 6,368,917 6,533,242 6,431,631 7,286,905

Operating transfers in - - - - - -

Operating transfers out 324,140 408,601 108,684 - - -

Capital leases and installment purchase proceeds 730,210 - - 815,438 - 2,109,346

Other items 300,500 - - 43,290 899,869 36,022

Excess of revenues and other sources over (under) expenditures and other uses 313,743 128,010 291,372 507,094 88,984 299,802










Fund balance available (FBA):







In dollars$3,170,015 2,327,095 2,012,404 2,286,190 2,082,516 2,120,348


FBA as a % of GF Net Expenditures:







Unit's FBA %40.5432.6831.0739.9832.3840.95


Group weighted average FBA %65.0764.3162.3362.2261.3860.00


State weighted average Non-Electric Group36.4737.1436.5136.9036.4236.42


State weighted average FBA %36.2036.3736.3136.7636.3536.06

















Enterprise Funds:
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None













Combined financial results:







Working capital







Quick ratio







Net income







Cashflow from operations







Depreciation & Amortization Expense































Cash, Investments and Financing
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200820072006200520042003











Population at July 1st of the Previous Year9,7519,0998,1688,0247,8627,489


Population GroupNo Electric 2,500 to 9,999 No Electric 2,500 to 9,999 No Electric 2,500 to 9,999 No Electric 2,500 to 9,999 No Electric 2,500 to 9,999 No Electric 2,500 to 9,999


Cash &Investments$3,453,887 2,670,273 3,513,173 2,479,761 2,610,076 2,460,358


Investment Earnings143,214 158,071 135,537 74,542 55,492 70,601


Tax Rate Equivalent0.01210.01470.01290.00730.00590.0093


Tax Rate Equivalent Group weighted average0.02960.04390.03220.02120.01150.0166


Tax Rate Equivalent Statewide weighted average0.05240.09200.05730.04150.03400.0332


Latest year of Revaluation 200320032003200320031998


January 1, Prior Year Assessed Valuation$1,183,139,162 1,073,896,822 1,051,635,746 1,015,298,050 944,333,881 762,113,921


Tax Rate0.34500.19000.34500.34500.35500.3550


Tax Rate Group weighted average0.26820.31260.31910.36260.37590.3833


Tax Rate State Wide0.42540.44550.43210.44480.45660.4594


Assessment -to-Sales Ratio87.3393.7695.0695.8098.0887.61


Assessment -to-Sales Ratio Group weighted average90.9283.4791.5285.3189.2288.07


Assessment -to-Sales Ratio Statewide88.5288.4192.2892.3592.1889.54


Assessed Valuation Adjusted for Assesment to Sales Ratio$1,354,791,208 1,145,367,771 1,106,286,289 1,059,810,073 962,820,025 869,893,758


EffectiveTax Rate0.30130.17810.32800.33050.34820.3110


Group weighted average Effective Tax Rate0.24380.26100.29210.30930.33540.3376


Statewide weighted average Effective Tax Rate0.37650.39390.39870.41080.42090.4113


Percent Collected98.5598.1997.8898.2698.4597.74


Percent Collected Group weighted average97.4696.7696.7296.8596.7296.35


Percent Collected Statewide97.9797.5997.5597.4297.3196.96


Percent Collected Excluding Motor Vehicles98.9098.6198.2898.6898.9198.18


Percent Collected Excluding Motor Vehicles Group weighted average98.0898.0098.0897.9697.9197.84


Percent Collected Excluding Motor Vehicles Statewide weighted average98.6698.5998.6198.3698.2698.31


Percent Collected Motor Vehicles Only 94.2692.9593.2392.9692.8692.88


Percent Collected Motor Vehicles Only Group weighted average85.7586.0486.2285.8785.7684.39


Percent Collected Motor Vehicles Only Statewide weighted average 86.7486.7186.8087.3187.6286.69


Tax Uncollected18,057 69,159 77,076 60,900 47,953 61,655


Tax Rate Equivalent0.00150.00640.00730.00600.00510.0081


Dominant County: Mecklenburg






Debt Information








Population Group5,000 to 9,9995,000 to 9,9995,000 to 9,9995,000 to 9,9995,000 to 9,9995,000 to 9,999


Ratings:







Fitch







Moody's







S & P
















General Obligation Debt (GO) where the taxing power of the entrire municipality is pledged to pay the obligation




Enterprise GO Debt$0 0 0 0 0 0


General Government GO Debt0 0 0 0 0 0


Total General Obligation Debt0 0 0 0 0 0


Per Capita$0 0 0 0 0 0


Total Per Capita for the Population Group71 93 117 131 171 #N/A


Total Per Capita Statewide456 478 495 505 548 #N/A


Total per Assessed Valuation Adjusted for Current Year Sales0.0000%0.0000%0.0000%0.0000%0.0000%0.0000%


Total per Assessed Valuation Adjusted for Current Year Sales- Group Average0.0577%0.0861%0.1199%0.1450%0.2078%#N/A


Total per Assessed Valuation Adjusted for Current Year Sales - Statewide0.4131%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$0 0 0 0 0 0


--General Government4,638,580 4,364,435 4,766,784 3,550,536 3,220,509 3,072,898


Total*$4,638,580 4,364,435 4,766,784 3,550,536 3,220,509 3,072,898


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




Revenue Bond Debt $0 0 0 0 0 0


















Annual Financial Information Report Detail
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LineSectionDescription200820072006200520042003

Population at July 1st of the Previous Year Adjusted for Boundry Changes9,7519,0998,1688,0247,8627,489









1ANon GASB34General Fund Assets




2,921,480
1BFISCAL General Fund Liabilities




460,454
2ASUMMARYDebt-service Assets





2B
Debt service Liabilities





3A
Enterprise Assets





3B
Enterprise Liabilities





4A
Internal Service Assets





4B
Internal service Liabilities





5A
Special Revenue Assets




158,194
1.5AGASB34Governmental Activities Assets16,206,90914,853,80311,958,86011,090,94710,581,265
1.5BFISCAL Governmental Activities Liabilities6,009,0715,404,1846,120,4234,867,9434,610,234
3.5ASUMMARYBusiness Type Activities Assets





3.5B
Business Type Activities Liabilties





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




8,690,729
9B
General Long term debt - Liabilities




3,737,850
10PART 2Current collections of unit-wide levy3,965,6403,711,7963,576,0173,358,0523,021,6792,661,393
11TAXCurrent collection of special tax districts101,15545,075



12REVENUESPrior years' levy collections47,37752,128

19,28322,179
13
Penalties and interest14,36215,1347,9459,42611,13017,295
14
Collection of taxes previously written off





15
Animal tax1,0108007701,310930780
16
1% Local government sales and use tax537,077516,287500,567615,565434,492314,033
17
1/2% Local government sales and use taxes (Article 40)155,080147,157136,715120,819111,33589,506
18
1/2% Local government sales and use taxes (Article 42)152,751145,048135,018118,988109,11288,219
18.5
1/2% Local government sales and use taxes (Article 44)192,124182,057197,849168,583150,09820,800
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




69,213
23
Local occupancy tax24,82721,99023,77022,94417,37618,000
24
Prepared food tax79,37390,01981,41062,94842,37427,039
25
911 charges23,96250,83943,28447,73454,04925,754
26
Gross Receipts Tax on Short Term Vehicles Leases





27FEDERALFEDERAL Payment in lieu of taxes





28INTERGOVEquitable sharing of Federally forfeited property





29REVENUESGeneral government





30
Public safety43,00020,00020,969197,348194,510
31
Transportation - Streets





32
Transportation - All other





33
Utility franchise tax





34
Housing/community development


64,392133,635
35
All Other

241,848191,873

36
Human services: Health, mental health, hospitals





37
All other





38
Culture and recreation





39STATEState Payment in Lieu of Taxes





40INTERGOVControlled substance tax





41REVENUESIntangibles tax reimbursement + Transistional Hold Harmless Revenues


39,71430,506
42
Wireless Enhanced 911 Service Charges





43
Piped Natural Gas Charge Distribution





44
Utility franchise tax577,733482,650460,685462,501448,879341,127
45
Beer and Wine tax41,90937,79135,44234,80032,16331,035
46
Powell Bill298,486246,431241,140236,249203,891214,840
47
Food stamp purchases tax reimbursement





48
Inventories tax reimbursements





49
Senior Citizens Exemption - 50%





50
Court fees - Facilities and arrest fees





51
General Government





52
Public safety



17,713109,050
53
Transportation - Streets
350,000


55,688
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
614,945


34,024
61LOCALLOCAL Payment in lieu of taxes108,000108,000107,00069,00094,00063,000
62INTERGOVGeneral government




836,362
63REVENUESPublic safety87,50087,50087,50067,50067,50067,500
64
Transportatin - Streets





65
Transportation - All other




25,000
66
Environmental protection





67
Economic and physical development
105,233279,985


68
Human Services: Health, Mental Health & Hosp





69
Human Services: All Other





70
Culture and recreation





71PERMITS Building permits





72& FEESInspection fees





72.1
Amusements licensing and permit taxes





73
Other permits305,479457,41397,07734,34528,77216,475
74SALES &Parking revenues7,40513,9204,2779,1939,33513,605
75SERVICESRents and royalties87,36181,24290,58789,77198,071
76
Airport





77
Fire protection charges





78
Solid waste





79
Ambulance and rescue squad charges





80
Cemeteries17,60030,5008,30014,9008,2004,000
81
Recreation service revenues246,757182,859185,684

72,683
82
Library service revenues




74,662
83
Other cultural and recreational service revenues


136,192107,303
84
Mass transit - city operated





85
Other sales and services

9786,0784,27311,467
86UTILITYWater and sewer charges





87REVENUESElectric charges





88
Gas charges





88.1
Storm Water Fees39,32734,69818,582


89MISC.On bond proceeds





90REVENUESOn general and all other funds143,214158,071135,53774,54255,49270,601
91
Special assessments





92
Private contribution and donations53,7741,419,950519,51242,308160,349
93
Sales of materials and fixed assets





94
Sales of real property300,500




95
Nongovernment contributions for streets and traffic signals





96
Mixed drink surcharge





97
ABC profit distribution44,62542,50042,50040,00037,52534,375
98
Other miscellaneous revenues435,63322,15825,655100,79850,40645,658
99
Proceeds of the sale of bonds and notes


43,29039,490
100
Proceeds of capital leases and installment purchases1,355,210
1,614,000815,438849,9742,109,346
101
Other



10,40536,022
102NON-REVSupplemental schools taxes - current levy collections





103RECEIPTSPrior 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





109APART 4Governing body - Salaries30,19426,487


20,300
109BGENERALGoverning body - All other Direct51,49250,69078,59769,35361,84224,187
109CGOVTGoverning body - Construction





109D
Governing body - Land, Equipment and Existing Structures





110A
Administration - Salaries506,471504,365496,198440,328397,666332,803
110B
Administration - All other Direct430,780371,459196,758191,477136,901143,678
110C
Administration - Construction





110D
Administration - Land, Equipment and Existing Structures10,1079,294


5,929
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
41,61423,375


113C
Taxes - Construction





113D
Taxes - Land, Equipment, and Existing Structures





114A
Legal - Salaries





114B
Legal - All other Direct45,15856,31137,90148,86458,34650,936
114C
Legal - Construction





114D
Legal - Land, Equipment, and Existing Structures





115A
Public Buildings - Salaries





115B
Public Buildings - All other Direct129,317134,916131,449155,883283,404109,195
115C
Public Buildings - Construction





115D
Public Buildings - Land, Equipment, and Existing Structures


48,972360,62871,343
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
4,7001,29028,50935,35315,381
118C
General Government All Other - Construction





118D
General Government All Other - Land, Equipment, and Existing Structures

10,750


119APUBLICPolice and Communications - Salaries1,293,1221,124,8801,177,9491,214,4511,166,652967,214
119BSAFETYPolice and Communications - All other Direct210,876266,835298,355303,009305,203162,530
119C
Police and Communications - Construction




31,135
119D
Police and Communications - Land, Equipment and Existing Structures197,6248,50055,500118,372176,304230,319
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 - Salaries180,394139,197119,214104,23077,18663,973
122B
Fire - All other Direct104,457104,515105,564142,925127,83583,200
122C
Fire - Construction





122D
Fire - Land, Equipment, and Existing Structures577,985
10,60064,28521,740
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





127ATRANSPORTraffic Engineering - Salaries





127BTATIONTraffic Engineering - All other Direct





127C
Traffic Engineering - Construction





127D
Traffic Engineering - Land, Equipment, and Existing Structures





128A
Streets and Highways - Salaries289,769257,649225,357200,991193,532181,912
128B
Streets and Highways - All other Direct313,3811,012,402857,319876,478278,593296,843
128C
Streets and Highways - Construction





128D
Streets and Highways - Land, Equipment and Existing Structures197,8911,534,976732,62027,756192,947110,050
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



96,852
130B
State Street Aid Allocation - Powell Bill - All other Direct151,500163,81880,34674,74526,000138,471
130C
State Street Aid Allocation - Powell Bill - Construction





130D
State Street Aid Allocation - Powell Bill - Land, Equipment, and Existing Structures


24,886

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





136AENVIRONSolid Waste - Salaries





136BMENTALSolid Waste - All other Direct635,103560,980470,804405,454357,677312,204
136CPROTECTIONSolid Waste - Construction





136D
Solid Waste - Land, Equipment, and Existing Structures





137A
Drainage and Watershed - Salaries





137B
Drainage and Watershed - All other Direct





137C
Drainage and Watershed - Construction





137D
Drainage and Watershed - Land, Equipment, and Existing Structures





138A
Cemeteries - Salaries





138B
Cemeteries - All other Direct





138C
Cemeteries - Construction





138D
Cemeteries - Land, Equipment, and Existing Structures





139A
Environmental Protection - All Other - Salaries





139B
Environmental Protection - All Other - All other Direct





139C
Environmental Protection - All Other - Construction





139D
Environmental Protection All Other - Land, Equipment, and Existing Structures





140AECONOMICPlanning and Zoning - Salaries294,361283,886261,072231,647207,922193,482
140B& PHYSICALPlanning and Zoning - All other Direct274,045236,379128,918103,935102,37086,044
140CDEVELOPPlanning and Zoning - Construction





140D
Planning and Zoning - Land, Equipment, and Existing Structures



7,9115,377
141A
Economic Development - Salaries





141B
Economic Development - All other Direct

57,286


141C
Economic Development - Construction





141D
Economic Development - Land, Equipment, and Existing Structures





142A
Community Development - Salaries
45,31443,239


142B
Community Development - All other Direct254,567218,846314,617302,750215,65460,982
142C
Community Development - Construction





142D
Community Development - Land, Equipment, and Existing Structures

26,520
290,000
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 Direct307,392




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
52,50047,50047,50056,50072,500
145C
Economic and Physical Development - All Other - Construction





145D
Economic and Physical Development - All Other - Land, Equipment, and Existing Structures





146AHUMANHealth - Salaries





146BSERVICESHealth - 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





153ACULTURE Recreation and Parks - Salaries428,976400,330402,297373,917340,164319,652
153BRECREATIONRecreation and Parks - All other Direct525,1171,120,763963,465945,061564,281210,862
153C
Recreation and Parks - Construction





153D
Recreation and Parks - Land, Equipment, and Existing Structures836,00425,4526,75033,316350,4752,749,927
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





158AUTILITYWater and Sewer - Salaries





158B
Water and Sewer - All other Direct





158C
Water and Sewer - Construction





158D
Water and Sewer - Land, Equipment, and Existing Structures





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





161BDEBTWater and Sewer - Debt Service Interest Payments





161DSERVICEWater and Sewer - Debt Service Principal Payments





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 Payments943,862205,463211,375185,95448,601127,150
166D
All Other - Debt Service Principal Payments
571,521593,955507,58480,25076,957
167BPENSIONDirect Benefit Program - Pension Fund operated by the Unit





168BFRINGEFringe Benefits Unallocated - (B)





169B
Separation Allowance - Law Enforcement Officers -(B)




6,043
170B
Separation Allowance - Other Employees - (B)





171B
Supplemental Retirement Income Plan for Law Enforcement Officers - (B)16,57715,43012,6794,0296,04332,336
172B
Fringe Benefits Other - (B)





173A
Multi-County Library District, County, or Other Municipality Authority





173BINTERGOVMulti-County Library District, County, or Other Municipality (Item number)





173CEXPENDMulti-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 6Current Year Levy Excluding Motor Vehicles3,784,2543,530,2053,354,9203,247,3762,860,5932,494,846
180 OTHERCurrent Year Levy Motor Vehicles Only312,753286,482283,712254,994235,216229,672
181 DATAUncollected Taxes - Current Year's Levy - Excluding Motor Vehicles41,62248,96557,87042,95531,15645,301
182
Uncollected Taxes - Current Year's Levy - Motor Vehicles17,95820,19419,20617,94516,79716,354
183
Percentage of Taxes Collected - Current Year All Property98.5598.1997.8898.2698.4597.74
184
Percentage of Taxes Collected - Current Year - Excluding Motor Vehicles98.998.6198.2898.6898.9198.18
185
Percentage of Taxes Collected - Current Year - Motor Vehicles94.2692.9593.2392.9692.8692.88
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





189APART 7Cash on Hand and in Bank, and Securities - Held in Debt Service Fund





189BCASH &Cash on Hand and in Bank, and Securities - Construction Bond Fund - Unexpended bond proceeds





189CINVESTCash on Hand and in Bank, and Securities - All Other3,453,8872,670,2733,513,1732,479,7612,610,0762,460,358
190A PARTAppropriations made during the fiscal year pursuant to subsections b (1- 7)





190B 8Expenditures 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.





194APART 9Amounts - Total Revenues and other financing sources per audit9,812,3919,474,1918,920,6037,296,6016,654,2507,620,731
194BFISCALAmounts - Subtract proceeds of refunding debt





194CSUMMARYAmounts - Subtract interfund transfers in324,140




194D
Amounts - Net Revenues per AFIR9,488,2519,474,1918,920,6037,296,6016,654,2507,620,731


Calculated amount9,488,2519,474,1918,920,6037,296,6016,654,2507,620,731


Amounts in AGREEMENT??YesYesYesYesYesYes


Difference





195A
Amounts - Total Expenditures and other financing sources per audit9,560,6629,549,4728,179,6197,276,6616,624,8327,292,915
195B
Amounts - Subtract payments to refunding debt escrow agent





195C
Amounts - Subtract interfund transfers out324,140




195D
Amounts Net Expenditures per AFIR9,236,5229,549,4728,179,6197,276,6616,624,8327,292,915


Calculated amount9,236,5229,549,4728,179,6197,276,6616,624,8327,292,915


Amounts in AGREEMENT??YesYesYesYesYesYes


Difference















PART 10















950
Name of Official SignatoryPeggy Smith


951
Title of OfficialFinance Officer


952
Date Certified12/03/200811/29/200711/16/2006


953
Person to ContactPeggy Smith


954
Title of Person to ContactFinance Officer


955
Telephone Number704-940-9620


956
Facsimile Number704-892-3971






Financial Graphs and Comparisons


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Analysis of Available Fund Balance:  General Fund

20042005200620072008
Unit's FBA %32.38%39.98%31.07%32.68%40.54%
Group average FBA %61.38%62.22%62.33%64.31%65.07%
State average Electric/Non Electric Group FBA %36.42%36.90%36.51%37.14%36.47%
State average FBA %36.35%36.76%61.38%36.37%36.20%






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

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Analysis of Property Tax

20042005200620072008
Municipality98.45%98.26%97.88%98.19%98.55%
Pop. Group96.72%96.85%96.72%96.76%97.46%
Statewide97.31%97.42%97.55%97.59%97.97%






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






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Analysis of General Obligation Debt

20042005200620072008
Municipality00000
Pop. Group1711311179371
Statewide548505495478456






Municipal Population Group: 5,000 to 9,999






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Analysis of Revenue

20042005200620072008
Property Tax$388420439415413
Utility00244
Sales Tax102127118108106
Sales & Services2932353437
Intergovernmental156170181226119
Debt Proceeds1131071980139
Other Miscellaneous5853119254155
Total$8469091,0921,041973

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Analysis of Revenue for Fiscal 2008











2008
2008
CategoryRevenue
Per Capita
Property Tax$4,027,379
$413
Water/Sewer0
0
Electric0
0
Utility39,327
4
Sales Tax1,037,032
106
Sales & Services359,123
37
Intergovernment1,156,628
119
Debt Proceeds1,355,210
139
Miscellaneous1,513,552
155
Total$9,488,251
$973





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





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Analysis of Expenditures by Function for Fiscal 2008











2008
2008
CategoryExpenditures
Per Capita
General Government$1,203,519
$122
Water/Sewer0
0
Electric0
0
Utilities0
0
Debt Service943,862
97
Transportation952,541
98
Public Safety2,581,035
265
Other3,555,565
365
Total$9,236,522
$947





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





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Analysis of Expenditures by Object for Fiscal 2008






2008
2008
CategoryExpenditures
Per Capita
Salaries & Wages$3,023,287
$310
Water/Sewer Capital0
0
Electric Capital0
0
Capital Outlay1,819,611
187
Other Operating4,393,624
450
Total$9,236,522
$947





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






Last Updated 8/27/2009 7:08:02 AM