North Carolina
Department of State Treasurer
Financial Information
Town of Franklin

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			2009	2008	2007	2006	2005	2004
	Revenues by Source
		Property Tax	$1,545,449	1,542,405	1,499,066	1,452,561	1,469,156	1,475,726
		Utility	2,783,937	2,692,587	2,681,904	2,511,587	2,452,797	2,279,450
		Sales Tax	560,126	624,321	640,729	605,171	569,346	514,369
		Sales & Services	475,697	479,385	421,192	425,124	431,113	420,743
		Intergovernmental	703,313	610,843	720,528	1,055,627	1,480,881	546,094
		Debt Proceeds	5,000,000	471,299	95,952	78,242	-	75,650
		Other Miscellaneous	269,911	379,420	443,642	414,271	302,413	286,370
		Total	$11,338,433	6,800,260	6,503,013	6,542,583	6,705,706	5,598,402

	Expenditures by Function
		Utility	$3,416,808	3,633,434	1,796,652	1,924,027	2,666,409	1,725,263
		Debt Service	287,622	455,815	306,740	333,150	363,697	363,621
		Transportation	897,839	738,270	928,904	532,618	639,907	586,016
		General Government	1,895,897	814,670	786,103	731,213	2,277,814	582,993
		Public Safety	1,719,361	1,850,718	1,517,426	1,348,206	1,243,473	1,306,103
		Other	345,777	101,127	92,001	81,690	84,147	74,593
		Total	$8,563,304	7,594,034	5,427,826	4,950,904	7,275,447	4,638,589

	Expenditures by Object
		Salaries & Wages	$3,063,949	2,166,727	1,887,321	1,662,499	1,655,596	1,521,394
		Capital Outlay	2,946,223	2,535,236	923,099	774,854	3,069,698	838,544
		Other Operating + Debt Service	2,553,132	2,892,071	2,617,406	2,513,551	2,550,153	2,278,651
		Total	$8,563,304	7,594,034	5,427,826	4,950,904	7,275,447	4,638,589


	Per Capita Revenues by Source
		Property Tax	$398	403	397	390	403	407
		Utility	717	704	709	674	672	628
		Sales Tax	144	163	170	162	155	142
		Sales & Services	123	125	111	114	118	116
		Intergovernmental	181	160	191	283	406	150
		Debt Proceeds	1,288	123	25	21	-	21
		Other Miscellaneous	70	99	117	111	83	79
		Total	$2,921	1,777	1,720	1,755	1,837	1,543

	Per Capita Expenditures by Function
		Utility	$880	950	475	516	731	475
		Debt Service	74	119	81	89	100	100
		Transportation	231	193	246	143	175	161
		General Government	489	213	209	196	623	161
		Public Safety	443	484	401	362	341	360
		Other	89	26	24	22	23	21
		Total	$2,206	1,985	1,436	1,328	1,993	1,278

	Per Capita Expenditures by Object
		Salaries & Wages	$789	566	499	446	454	419
		Capital Outlay	759	663	244	208	841	231
		Other Operating	658	756	693	674	698	628
		Total	$2,206	1,985	1,436	1,328	1,993	1,278

	Population Group		No Electric 2,500 to 9,999	No Electric 2,500 to 9,999	No Electric 2,500 to 9,999	No Electric 2,500 to 9,999	No Electric 2,500 to 9,999	No Electric 2,500 to 9,999
		Number of Municipalites in Group	119	117	120	119	116	114
		Average Population In Group	4,614	4,782	4,848	4,820	4,759	4,871
		Town of Franklin Population	3,882	3,826	3,780	3,727	3,650	3,629
	Group Average Per Capita Revenues by Source
		Property Tax	345	342	312	306	296	284
		Utility	313	319	316	326	307	292
		Sales Tax	140	162	158	154	146	140
		Sales & Services	86	82	79	74	70	68
		Intergovernmental	184	184	176	160	165	184
		Debt Proceeds	212	176	109	95	65	77
		Other Miscellaneous	105	127	161	126	110	97
		Total	1,385	1,392	1,311	1,241	1,159	1,142

	Group Average Per Capita Expenditures by Function
		Utility	415	381	334	305	290	305
		Debt Service	101	105	97	98	101	104
		Transportation	95	113	112	112	105	100
		General Government	185	172	160	156	154	159
		Public Safety	317	325	312	280	268	261
		Other	218	235	237	209	218	199
		Total	1,331	1,331	1,252	1,160	1,136	1,128

	Group Average Per Capita Expenditures by Object
		Salaries & Wages	430	425	408	390	385	359
		Capital Outlay	320	287	254	205	179	208
		Other Operating	581	619	590	565	572	561
		Total	1,331	1,331	1,252	1,160	1,136	1,128


General Fund Go to top of page			2009	2008	2007	2006	2005	2004
	General Fund revenues		$3,461,023	3,393,526	3,467,415	3,187,366	3,139,681	2,951,392
	General Fund expenditures		4,044,624	3,637,091	3,395,795	2,793,438	4,327,292	2,634,789
	Operating transfers in		-	-	-	-	-	-
	Operating transfers out		-	-	-	-	-	-
	Capital leases and installment purchase proceeds		-	126,769	95,952	-	-	75,650
	Other items		-	12,400	-	86,187	701	3,200
	Excess of revenues and other sources over (under) expenditures and other uses		(583,601)	(104,396)	167,572	480,115	(1,186,910)	395,453

	Fund balance available (FBA):
		In dollars	$2,000,389	2,574,146	2,730,172	2,570,683	2,090,284	3,298,161
		FBA as a % of GF Net Expenditures:
		Unit's FBA %	49.46	73.33	82.74	92.03	48.30	128.88
		Group weighted average FBA %	70.08	65.07	64.31	62.32	62.21	61.38
		State weighted average Non-Electric Group	37.77	36.63	37.38	37.38	36.82	36.42
		State weighted average FBA %	37.00	36.34	36.55	36.96	36.78	36.35


Enterprise Funds: Go to top of page
	Water/Sewer

	Combined financial results:
		Working capital	$4,304,864	3,288,216	4,234,069	2,901,475	2,281,534	1,635,975
		Quick ratio	13.98	9.93	13.44	4.71	10.45	5.72
		Net income	611,113	644,853	979,096	1,494,075	1,770,992	945,845
		Cashflow from operations	763,349	961,960	1,073,240	1,223,019	930,442	1,122,615
		Depreciation & Amortization Expense	419,989	407,098	389,426	371,377	359,540	346,827



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

		Population at July 1st of the Previous Year	3,882	3,826	3,780	3,727	3,650	3,629
		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	$6,278,920	5,959,657	6,735,195	5,650,076	4,310,768	5,089,731
		Investment Earnings	76,774	256,765	300,981	180,692	79,097	33,061
		Tax Rate Equivalent	0.0122	0.0408	0.0641	0.0392	0.0176	0.0074
		Tax Rate Equivalent Group weighted average	0.0129	0.0296	0.0439	0.0322	0.0212	0.0115
		Tax Rate Equivalent Statewide weighted average	0.0133	0.0524	0.0920	0.0573	0.0415	0.0340
		Latest year of Revaluation		2007	2003	2003	2003	2003
		January 1, Prior Year Assessed Valuation	$630,884,681	629,254,809	469,317,931	460,494,589	448,393,355	444,458,266
		Tax Rate	0.2500	0.2500	0.3200	0.3200	0.3200	0.3600
		Tax Rate Group weighted average	0.2710	0.2682	0.3126	0.3191	0.3626	0.3759
		Tax Rate State Wide	0.4267	0.4243	0.4452	0.4321	0.4448	0.4566
		Assessment -to-Sales Ratio	95.88	100.00	77.43	89.86	96.00	100.00
		Assessment -to-Sales Ratio Group weighted average	92.21	90.92	83.47	91.52	85.31	89.22
		Assessment -to-Sales Ratio Statewide	90.81	88.52	88.41	92.28	92.35	92.18
		Assessed Valuation Adjusted for Assesment to Sales Ratio	$657,994,035	629,254,809	606,118,986	512,457,811	467,076,411	444,458,266
		EffectiveTax Rate	0.2397	0.2500	0.2478	0.2876	0.3072	0.3600
		Group weighted average Effective Tax Rate	0.2499	0.2438	0.2610	0.2921	0.3093	0.3354
		Statewide weighted average Effective Tax Rate	0.3875	0.3756	0.3936	0.3987	0.4108	0.4209
		Percent Collected	94.51	95.93	96.38	96.15	97.33	95.92
		Percent Collected Group weighted average	97.20	96.72	96.76	96.72	96.85	96.72
		Percent Collected Statewide	97.78	97.64	97.59	97.55	97.42	97.31
		Percent Collected Excluding Motor Vehicles	95.29	96.70	97.36	97.11	97.75	96.69
		Percent Collected Excluding Motor Vehicles Group weighted average	97.55	98.08	98.00	98.08	97.96	98.15
		Percent Collected Excluding Motor Vehicles Statewide weighted average	98.31	98.65	98.59	98.61	98.36	98.39
		Percent Collected Motor Vehicles Only	77.40	81.19	80.97	80.80	89.46	82.84
		Percent Collected Motor Vehicles Only Group weighted average	85.15	85.75	86.04	86.22	85.87	85.65
		Percent Collected Motor Vehicles Only Statewide weighted average	86.66	86.74	86.71	86.80	87.31	87.46
		Tax Uncollected	15,367	64,027	54,372	56,779	38,315	58,657
		Tax Rate Equivalent	0.0024	0.0102	0.0116	0.0123	0.0085	0.0132
		Dominant County: Macon
	Debt Information
		Population Group	2,500 to 4,999	2,500 to 4,999	2,500 to 4,999	2,500 to 4,999	2,500 to 4,999	2,500 to 4,999
		Ratings:
		Fitch
		Moody's
		S & P

		General Obligation Debt (GO) where the taxing power of the entrire municipality is pledged to pay the obligation
		Enterprise GO Debt	$132,000	155,000	177,000	198,000	218,000	237,000
		General Government GO Debt	0	0	0	0	0	0
		Total General Obligation Debt	132,000	155,000	177,000	198,000	218,000	237,000
		Per Capita	$34	41	47	53	60	65
		Total Per Capita for the Population Group	158	152	149	162	162	159
		Total Per Capita Statewide	455	456	478	495	505	548
		Total per Assessed Valuation Adjusted for Current Year Sales	0.0201%	0.0246%	0.0292%	0.0386%	0.0467%	0.0533%
		Total per Assessed Valuation Adjusted for Current Year Sales- Group Average	0.1078%	0.1101%	0.1223%	0.1565%	0.1724%	0.1878%
		Total per Assessed Valuation Adjusted for Current Year Sales - Statewide	0.3909%	0.4131%	0.4706%	0.5275%	0.5588%	0.6442%
		Total Authorized but not Issued General Obligation Debt

		Installment Sales Purchases and Lease Obligations
		--Enterprise	$3,115,000	85,194	249,064	404,614	552,264	692,416
		--General Government	1,885,000	22,682	66,309	107,722	147,031	184,345
		Total*	$5,000,000	107,875	315,374	512,335	699,295	876,761
		* The total only includes the contracts that require Local Government Commission approval.
		Revenue Bond Debt	$199,878	266,504	333,130	0	0	0


Annual Financial Information Report Detail Go to top of page
Line	Section	Description	2009	2008	2007	2006	2005	2004
	Population at July 1st of the Previous Year Adjusted for Boundry Changes		3,882	3,826	3,780	3,727	3,650	3,629

1A	Non GASB34	General Fund Assets
1B	FISCAL	General Fund Liabilities
2A	SUMMARY	Debt-service Assets
2B		Debt service Liabilities
3A		Enterprise Assets
3B		Enterprise Liabilities
4A		Internal Service Assets
4B		Internal service Liabilities
5A		Special Revenue Assets
1.5A	GASB34	Governmental Activities Assets	9,278,457	7,896,770	7,670,921	7,065,596	6,584,582	6,253,163
1.5B	FISCAL	Governmental Activities Liabilities	2,492,335	638,970	664,604	568,827	552,002	591,921
3.5A	SUMMARY	Business Type Activities Assets	20,782,888	17,340,895	16,848,062	16,054,613	14,677,602	13,172,847
3.5B		Business Type Activities Liabilties	3,591,832	760,952	912,972	775,733	892,797	1,159,034
6.5A		Fiduciary Funds Assets
6.5B		Fiduciary Funds Liabilties
5B		Special Revenue Liabilities
6A		Trust & Agency Assets
6B		Trust & Agency Liabilities
7A		Capital Project Assets
7B		Capital Project Liabilities
8A		General Fixed Assets
9B		General Long term debt - Liabilities
10	PART 2	Current collections of unit-wide levy	1,493,752	1,514,354	1,463,099	1,420,412	1,405,323	1,370,341
11	TAX	Current collection of special tax districts
12	REVENUES	Prior years' levy collections	41,142	20,947	28,185	22,587	50,646	85,447
13		Penalties and interest	10,555	7,104	7,782	9,562	13,187	19,938
14		Collection of taxes previously written off
15		Animal tax
15.1		Solid Waste Disposal Tax
16		1% Local government sales and use tax	243,692	283,488	297,880	298,620	285,251	253,741
17		1/2% Local government sales and use taxes (Article 40)	106,949	114,278	113,115	98,991	90,737	86,056
18		1/2% Local government sales and use taxes (Article 42)	105,590	112,970	111,774	97,948	89,651	84,780
18.5		1/2% Local government sales and use taxes (Article 44)	103,895	113,585	117,960	109,612	103,707	89,792
19		Licenses Privilege						22,490
19.1		Privilege - Occupational & business licensing & permit taxes	21,540	22,158	23,144	22,350
19.2		Privilege -- All other privileges and pemits					20,493
20		General Municipal Vehicle Tax
21		Vehicle Tax for Public Transportation
22		Other licenses - Include CATV			23,675	31,547	42,488	35,021
23		Local occupancy tax	91,857
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		3,621		64,208	2,132	10,482
29	REVENUES	General government					46,124
30		Public safety	66,120	67,873
31		Transportation - Streets			169,000
32		Transportation - All other
33		Utility franchise tax
34		Housing/community development
35		All Other
36		Human services: Health, mental health, hospitals
37		All other
38		Culture and recreation
39	STATE	State Payment in Lieu of Taxes
40	INTERGOV	Controlled substance tax
41	REVENUES	Intangibles tax reimbursement + Transistional Hold Harmless Revenues
42		Wireless Enhanced 911 Service Charges
43		Piped Natural Gas Charge Distribution	8,539	7,708	6,328	5,921	9,227	11,778
44		Utility franchise tax	418,854	314,326	296,644	241,926	240,075	224,019
45		Beer and Wine tax	17,182	17,412	16,841	16,122	16,063	15,401
46		Powell Bill	130,886	145,322	129,168	130,119	130,240	117,405
47		Food stamp purchases tax reimbursement
48		Inventories tax reimbursements
49		Senior Citizens Exemption - 50%
50		Court fees - Facilities and arrest fees	545	383	735	994	854	1,247
51		General Government	10,000				5,712
52		Public safety					16,755
53		Transportation - Streets	20,000
54		Transportation - All other
55		Environmental protection			48,459	490,985	861,390
56		Econ. & Phys. Dev. - Housing/Comm. Dev.
57		Econ. & Phys. Dev. - All Other
58		Human Services: Health, mental health, hospitals
59		All Other
60		Culture and recreation
61	LOCAL	LOCAL Payment in lieu of taxes
62	INTERGOV	General government
63	REVENUES	Public safety
64		Transportatin - Streets
65		Transportation - All other
66		Environmental protection	31,187	54,198	46,656		146,309	159,762
67		Economic and physical development				97,952
68		Human Services: Health, Mental Health & Hosp
69		Human Services: All Other			6,697	7,400	6,000	6,000
70		Culture and recreation
71	PERMITS	Building permits	4,525	4,575	1,500	2,250	2,900	2,100
72	& FEES	Inspection fees
72.1		Amusements licensing and permit taxes
73		Other permits	2,683	2,763	2,725	2,775	1,250
74	SALES &	Parking revenues
75	SERVICES	Rents and royalties	3,610	9,050	9,750	7,550	3,900	13,110
76		Airport
77		Fire protection charges	472,087	470,335	411,442	417,574	427,213	407,633
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
86	UTILITY	Water and sewer charges	2,783,937	2,692,587	2,681,904	2,511,587	2,452,797	2,279,450
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	76,774	256,765	300,981	180,692	79,097	33,061
91		Special assessments
92		Private contribution and donations
93		Sales of materials and fixed assets	3,750	12,400	15,606	58,812	9,396	24,395
94		Sales of real property						56,885
95		Nongovernment contributions for streets and traffic signals
96		Mixed drink surcharge
97		ABC profit distribution	50,000	50,000	51,740	50,000	50,000	50,000
98		Other miscellaneous revenues	18,782	30,759	24,271	65,845	96,789	59,218
99		Proceeds of the sale of bonds and notes
100		Proceeds of capital leases and installment purchases	5,000,000	471,299	95,952	78,242		75,650
101		Other						3,200
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						-655
106		Deposits other than utility
107		Prepaid taxes
108		Prepaid privilege licenses
109A	PART 4	Governing body - Salaries	33,315	32,295	32,295	30,000	30,000	29,700
109B	GENERAL	Governing body - All other Direct	146,802	166,927	186,818	195,797	142,799	122,007
109C	GOVT	Governing body - Construction
109D		Governing body - Land, Equipment and Existing Structures
110A		Administration - Salaries	418,308	312,957	249,474	228,120	212,545	186,356
110B		Administration - All other Direct	245,393	264,429	289,527	255,390	248,294	215,251
110C		Administration - Construction	847,314	5,174
110D		Administration - Land, Equipment and Existing Structures	146,110				1,627,294	9,875
111A		Elections (cost of) - Salaries
111B		Elections (cost of) - All other Direct		2,337	9,411
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		2,261
114B		Legal - All other Direct	58,655	28,290	18,578	21,906	16,882	19,804
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	1,078,424	790,837	725,663	640,395	628,578	573,760
119B	SAFETY	Police and Communications - All other Direct	182,266	328,662	280,754	299,012	298,846	261,166
119C		Police and Communications - Construction	29,624
119D		Police and Communications - Land, Equipment and Existing Structures	25,512	140,166	32,315	137,988	23,089	108,134
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	191,407	148,026	79,936	71,438	68,639	64,221
122B		Fire - All other Direct	124,709	103,016	161,475	161,628	157,868	122,075
122C		Fire - Construction		217,635
122D		Fire - Land, Equipment, and Existing Structures	48,815	86,423	204,342	6,468	37,205	150,453
123A		Inspectors - Salaries
123B		Inspectors - All other Direct
123C		Inspectors - Construction
123D		Inspectors - Land, Equipment, and Existing Structures
124A		Rescue Units - Salaries
124B		Rescue Units - All other Direct
124C		Rescue Units - Construction
124D		Rescue Units - Land, Equipment, and Existing Structures
125A		Animal Control - Salaries
125B		Animal Control - All other Direct
125C		Animal Control - Construction
125D		Animal Control - Land, Equipment, and Existing Structures
126A		Public Safety All Other - Salaries
126B		Public Safety All Other - All other Direct
126C		Public Safety All Other - Construction
126D		Public Safety All Other - Land, Equipment, and Existing Structures
127A	TRANSPOR	Traffic Engineering - Salaries
127B	TATION	Traffic Engineering - All other Direct
127C		Traffic Engineering - Construction
127D		Traffic Engineering - Land, Equipment, and Existing Structures
128A		Streets and Highways - Salaries	332,696	232,329	211,288	191,744	214,829	233,788
128B		Streets and Highways - All other Direct	288,063	275,013	269,213	256,672	235,474	247,635
128C		Streets and Highways - Construction	20,000		178,604		10,556
128D		Streets and Highways - Land, Equipment and Existing Structures	111,806	75,708	89,884	25,197		26,620
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	47,669	46,957	49,684	55,405	120,251	65,323
130C		State Street Aid Allocation - Powell Bill - Construction	97,605	32,555	130,231		58,797
130D		State Street Aid Allocation - Powell Bill - Land, Equipment, and Existing Structures		75,708		3,600		12,650
131A		Parking Facilities - Salaries
131B		Parking Facilities - All other Direct
131C		Parking Facilities - Construction
131D		Parking Facilites - Land, Equipment, and Existing Structures
132A		Mass Transit - City - Salaries
132B		Mass Transit - City - All other Direct
132C		Mass Transit - City - Construction
132D		Mass Transit - City - Land, Equipment, and Existing Structures
133B		Mass Transit - Private - All other Direct only
134A		Airport - Salaries
134B		Airport - All other Direct
134C		Airport - Construction
134D		Airport - Land, Equipment, and Existing Structures
135A		Transportation - All Other - Salaries
135B		Transportation - All Other - All other Direct
135C		Transportation - All Other - Construction
135D		Transportation - All Other - Land, Equipment, and Existing Structures
136A	ENVIRON	Solid Waste - Salaries
136B	MENTAL	Solid Waste - All other Direct
136C	PROTECTION	Solid Waste - Construction
136D		Solid Waste - Land, Equipment, and Existing Structures
137A		Drainage and Watershed - Salaries
137B		Drainage and Watershed - All other Direct
137C		Drainage and Watershed - Construction
137D		Drainage and Watershed - Land, Equipment, and Existing Structures
138A		Cemeteries - Salaries
138B		Cemeteries - All other Direct
138C		Cemeteries - Construction
138D		Cemeteries - Land, Equipment, and Existing Structures
139A		Environmental Protection - All Other - Salaries
139B		Environmental Protection - All Other - All other Direct
139C		Environmental Protection - All Other - Construction
139D		Environmental Protection All Other - Land, Equipment, and Existing Structures
140A	ECONOMIC	Planning and Zoning - Salaries	124,949
140B	& PHYSICAL	Planning and Zoning - All other Direct	123,886
140C	DEVELOP	Planning and Zoning - Construction
140D		Planning and Zoning - Land, Equipment, and Existing Structures
141A		Economic Development - Salaries
141B		Economic Development - All other Direct
141C		Economic Development - Construction
141D		Economic Development - Land, Equipment, and Existing Structures
142A		Community Development - Salaries
142B		Community Development - All other Direct
142C		Community Development - Construction
142D		Community Development - Land, Equipment, and Existing Structures
143A		Housing and Urban Renewal - Salaries
143B		Housing and Urban Renewal - All other Direct
143C		Housing and Urban Renewal - Construction
143D		Housing and Urban Renewal - Land, Equipment, and Existing Structures
144A		Special Employment Programs (JTPA) - Salaries
144B		Special Employment Programs (JTPA) - All other Direct
144C		Special Employment Programs (JTPA) - Construction
144D		Special Employment Programs (JTPA) - Land, Equipment, and Existing Structures
145A		Economic and Physical Development - All Other - Salaries [A]
145B		Economic and Physical Development - All Other - All other Direct
145C		Economic and Physical Development - All Other - Construction
145D		Economic and Physical Development - All Other - Land, Equipment, and Existing Structures
146A	HUMAN	Health - Salaries
146B	SERVICES	Health - All other Direct
146C		Health - Construction
146D		Health - Land, Equipment, and Existing Structures
147A		Mental Health - Salaries
147B		Mental Health - All other Direct
147C		Mental Health - Construction
147D		Mental Health - Land, Equipment, and Existing Structures
148A		Social Services - Salaries
148B		Social Services - All other Direct
148C		Social Services - Construction
148D		Social Services - Land, Equipment, and Existing Structures
149B		Subsidies Paid: Hospitals - City Owned - All other Direct
150B		Subsidies Paid: Hospitals - Private Owned - All other Direct
151A		Other Human Services: Legal Aid - Salaries
151B		Other Human Services: Legal Aid - All other Direct
151C		Other Human Services: Legal Aid - Construction
151D		Other Human Services: Legal Aid - Land, Equipment, and Existing Structures
152A		Human Services - All Other - Salaries
152B		Human Services - All Other - All other Direct
152C		Human Services - All Other - Construction
152D		Human Services - All Other - Land, Equipment, and Existing Structures
153A	CULTURE	Recreation and Parks - Salaries
153B	RECREATION	Recreation and Parks - All other Direct
153C		Recreation and Parks - Construction
153D		Recreation and Parks - Land, Equipment, and Existing Structures
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	20,000	20,000	20,000	12,500	12,500	12,500
155C		Museums - Construction
155D		Museums - Land, Equipment, and Existing Structures
156A		Libraries - Salaries
156B		Libraries - All other Direct
156C		Libraries - Construction
156D		Libraries - Land, Equipment, and Existing Structures
157A		Culture and Recreation - All Other - Salaries
157B		Human Services - All Other - All other Direct
157C		Human Services - All Other - Construction
157D		Human Services - All Other - Land, Equipment, and Existing Structures
158A	UTILITY	Water and Sewer - Salaries	884,850	648,022	588,665	500,802	501,005	433,569
158B		Water and Sewer - All other Direct	912,521	1,083,545	920,264	821,624	852,647	760,882
158C		Water and Sewer - Construction	1,611,487	1,858,806	179,199	555,088	1,306,632	426,817
158D		Water and Sewer - Land, Equipment, and Existing Structures	7,950	43,061	108,524	46,513	6,125	103,995
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	16,176	27,120	29,526	38,543	49,337	59,615
161D	SERVICE	Water and Sewer - Debt Service Principal Payments	176,092	266,344	178,872	169,856	207,853	197,500
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	10,765	5,333	10,047	11,493	16,074	16,977
166D		All Other - Debt Service Principal Payments	84,589	157,018	88,295	113,258	90,433	89,529
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)	38,604	35,953	32,941	31,277	29,248	26,294
172B		Fringe Benefits Other - (B)	76,942	61,127	52,001	49,190	50,230	46,510
173A		Multi-County Library District, County, or Other Municipality Authority		County	County	County	County	County
173B	INTERGOV	Multi-County Library District, County, or Other Municipality (Item number)		156	156	156	156	156
173C	EXPEND	Multi-County Library District, County, or Other Municipality (Amount)		20,000	20,000	20,000	21,417	15,583
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	1,471,817	1,495,714	1,409,725	1,386,766	1,363,285	1,356,504
180	OTHER	Current Year Levy Motor Vehicles Only	67,586	77,640	90,440	86,978	72,298	79,879
181	DATA	Uncollected Taxes - Current Year's Levy - Excluding Motor Vehicles	69,255	49,424	37,157	40,077	30,698	44,952
182		Uncollected Taxes - Current Year's Levy - Motor Vehicles	15,272	14,603	17,215	16,702	7,617	13,705
183		Percentage of Taxes Collected - Current Year All Property	94.51	95.93	96.38	96.15	97.33	95.92
184		Percentage of Taxes Collected - Current Year - Excluding Motor Vehicles	95.29	96.70	97.36	97.11	97.75	96.69
185		Percentage of Taxes Collected - Current Year - Motor Vehicles	77.4	81.19	80.97	80.80	89.46	82.84
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	6,278,920	5,959,657	6,735,195	5,650,076	4,310,768	5,089,731
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	11,338,433	6,800,260	6,503,013	6,542,583	6,705,706	5,598,402
194B	FISCAL	Amounts - Subtract proceeds of refunding debt
194C	SUMMARY	Amounts - Subtract interfund transfers in
194D		Amounts - Net Revenues per AFIR	11,338,433	6,800,260	6,503,013	6,542,583	6,705,706	5,598,402
		Calculated amount	11,338,433	6,800,260	6,503,013	6,542,583	6,705,706	5,598,402
		Amounts in AGREEMENT??	Yes	Yes	Yes	Yes	Yes	Yes
		Difference
195A		Amounts - Total Expenditures and other financing sources per audit	8,563,304	7,594,034	5,427,826	4,950,904	7,275,447	4,638,589
195B		Amounts - Subtract payments to refunding debt escrow agent
195C		Amounts - Subtract interfund transfers out
195D		Amounts Net Expenditures per AFIR	8,563,304	7,594,034	5,427,826	4,950,904	7,275,447	4,638,589
		Calculated amount	8,563,304	7,594,034	5,427,826	4,950,904	7,275,447	4,638,589
		Amounts in AGREEMENT??	Yes	Yes	Yes	Yes	Yes	Yes
		Difference

	PART 10

950		Name of Official Signatory	Janet A. Anderson
951		Title of Official	Finance Officer
952		Date Certified	11/06/2009	11/26/2008	10/30/2007
953		Person to Contact	Janet A. Anderson
954		Title of Person to Contact	Finance Officer
955		Telephone Number	828-524-2516
956		Facsimile Number	828-524-4540

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

	2009	2008	2007	2006	2005	2004

Population	3,882	3,826	3,780	3,727	3,650	3,629
Population Group	No Electric 2,500 to 9,999	No Electric 2,500 to 9,999	No Electric 2,500 to 9,999	No Electric 2,500 to 9,999	No Electric 2,500 to 9,999	No Electric 2,500 to 9,999
Total Operating Revenues	$0	0	0	0	0	0
Total Operating Revenues Per Capita	$0	0	0	0	0	0
Group Weighted Average Revenues Per Capita	0	27	0	14	6	9
State Weighted Average Revenues Per Capita	2	20	12	15	16	3

% to Total Operating Revenues
Operating Expenses	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Group Weighted Average	#DIV/0!	71.48%	#DIV/0!	135.40%	131.80%	154.69%
State Weighted Average	287.00%	89.94%	84.21%	104.54%	119.75%	338.51%

Operating Margin	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Group Weighted Average	#DIV/0!	28.52%	#DIV/0!	-35.40%	-31.80%	-54.69%
State Weighted Average	-187.00%	10.06%	15.79%	-4.54%	-19.75%	-238.51%

Operating Transfers In/(out)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Group Weighted Average	#DIV/0!	4.51%	#DIV/0!	-2.87%	-57.18%	24.81%
State Weighted Average	0.00%	-0.70%	-0.66%	-1.84%	-2.09%	5.70%

Net Income before capital contributions	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Group Weighted Average	#DIV/0!	296.26%	#DIV/0!	577.57%	1261.79%	829.88%
State Weighted Average	968.20%	480.53%	1193.75%	778.98%	531.01%	2097.68%

Key Ratios and Cash Flow

Quick Ratio	13.98	9.93	13.44	4.71	10.45	5.72
Group Weighted Average	3.20	3.12	3.26	3.67	3.54	4.02
State Weighted Average	2.81	2.96	2.90	2.82	1.82	2.76

Days Sales in Receivables	N/A	N/A	N/A	0.0	N/A	N/A
Group Weighted Average	#DIV/0!	54.1	#DIV/0!	60.6	119.9	110.9
State Weighted Average	47.3	60.7	42.6	87.6	97.7	61.5

Days Cash on Hand	0.0	0.0	0.0	0.0	0.0	0.0
Group Weighted Average	-5.2	-334.0	-25.4	-158.6	-68.6	-170.4
State Weighted Average	-46.5	-344.5	-221.9	-343.5	-346.7	-208.8

Cash flow from Operations	$763,349	961,960	1,073,240	1,223,019	930,442	1,122,615

Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.00
Group Weighted Average	0.49	0.49	#DIV/0!	0.96	0.56	1.19
State Weighted Average	27.79	3.77	5.74	3.82	2.36	3.93

Debt per Capita	0	0	0	163	0	215
Group Weighted Average	31	86	84	165	92	107
State Weighted Average	754	535	335	660	675	266

Capital Expenditures:	2009	2008	2007	2006	2005	2004
	$1,619,437	1,901,867	287,723	601,601	1,312,757	530,812

	2003	2002	2001	2000
	$893,991	274,097	363,484	1,016,227

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


Operating Statistics

Estimated population of the areas served Water	0	0	8,653	NA	NA	NA
Estimated population of the areas served Sewer	0	0	5,978	NA	NA	NA

Number of Gallons of Water Processed (000) omitted	406	422,044	448,880	NA	NA	NA
Number of Gallons of Sewage Processed (000) omitted	289	307,713	304,880	NA	NA	NA

Number of Gallons of Water Billed (000) omitted	303	298,087	305,016	NA	NA	NA
Number of Gallons of Sewage Billed (000) omitted	229	224,104	219,795	NA	NA	NA

Ratio of Water Billed to Water Processed	0.74631	0.70629	0.67950	NA	NA	NA
Ratio of Sewage Billed to Sewage Processed	0.79239	0.72829	0.72092	NA	NA	NA

Total Revenue from Water Sales	1,644,232	1,618,926	1,566,661	NA	NA	NA
Total Revenue from Sewage Sales	770,511	754,359	723,894	NA	NA	NA

Water Revenue per 1000 gallons of Sales			181.05409	NA	NA	NA
Sewage Revenue per 1000 gallons of Sales			121.09301	NA	NA	NA

Group Average Sales per thousand Gallons Water	$40.43905	$1,510.62899	$1,842.80047	NA	NA	NA
Group Average Sales per thousand Gallons Sewage	$34.24740	$1,202.09823	$1,724.69791	NA	NA	NA

State Average Sales per thousand Gallons Water	$28.47236	$12,972.02948	$5,350.70834	NA	NA	NA
State Average Sales per thousand Gallons Sewage	$41.46915	$10,319.10819	$3,921.08643	NA	NA	NA

Residential Water Sales per thousand Gallons	$5,643.47727	5.62767	5.32527	NA	NA	NA
Residential Sewage Sales per thousand Gallons	$4,139.66667	4.07543	3.83673	NA	NA	NA

Water Sales per thousand Gallons outside Municipal Limits			7.23416	NA	NA	NA
Sewage Sales per thousand Gallons outside Municipal Limits			5.51541	NA	NA	NA

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

Financial Graphs and Comparisons

Analysis of Available Fund Balance: General Fund
Analysis of Property Tax Collection %
Analysis of General Obligation Debt
Analysis of Revenue (5 years)
Analyis of Revenue (most recent fiscal year)
Analysis of Expenditures by Function
Analysis of Expenditures by Object

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Analysis of Available Fund Balance: General Fund

	2005	2006	2007	2008	2009
Unit's FBA %	48.30%	92.03%	82.74%	73.33%	49.46%
Group average FBA %	62.21%	62.32%	64.31%	65.07%	70.08%
State average Electric/Non Electric Group FBA %	36.82%	37.38%	37.38%	36.63%	37.77%
State average FBA %	36.78%	36.96%	62.21%	36.34%	37.00%

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

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2005 2006 2007 2008 2009

Municipality 97.33% 96.15% 96.38% 95.93% 94.51%

Pop. Group 96.85% 96.72% 96.76% 96.72% 97.20%

Statewide 97.42% 97.55% 97.59% 97.64% 97.78%

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

	2005	2006	2007	2008	2009
Municipality	97.33%	96.15%	96.38%	95.93%	94.51%
Pop. Group	96.85%	96.72%	96.76%	96.72%	97.20%
Statewide	97.42%	97.55%	97.59%	97.64%	97.78%

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

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2005 2006 2007 2008 2009

Municipality 60 53 47 41 34

Pop. Group 162 162 149 152 158

Statewide 505 495 478 456 455

Municipal Population Group: 2,500 to 4,999

	2005	2006	2007	2008	2009
Municipality	60	53	47	41	34
Pop. Group	162	162	149	152	158
Statewide	505	495	478	456	455

Municipal Population Group: 2,500 to 4,999

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2005 2006 2007 2008 2009

Property Tax $403 390 397 403 398

Utility 672 674 709 704 717

Sales Tax 155 162 170 163 144

Sales & Services 118 114 111 125 123

Intergovernmental 406 283 191 160 181

Debt Proceeds 0 21 25 123 1,288

Other Miscellaneous 83 111 117 99 70

Total $1,837 1,755 1,720 1,777 2,921

	2005	2006	2007	2008	2009
Property Tax	$403	390	397	403	398
Utility	672	674	709	704	717
Sales Tax	155	162	170	163	144
Sales & Services	118	114	111	125	123
Intergovernmental	406	283	191	160	181
Debt Proceeds	0	21	25	123	1,288
Other Miscellaneous	83	111	117	99	70
Total	$1,837	1,755	1,720	1,777	2,921

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2009
2009

Category Revenue
Per Capita

Property Tax $1,545,449
$398

Water/Sewer 2,783,937
717

Electric 0
0

Other Utilities 0
0

Sales Tax 560,126
144

Sales & Services 475,697
123

Intergovernment 703,313
181

Debt Proceeds 5,000,000
1,288

Miscellaneous 269,911
70

Total $11,338,433
$2,921

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

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2009
2009

Category Expenditures
Per Capita

General Government $1,895,897
$489

Water/Sewer 3,416,808
880

Electric 0
0

Other Utilities 0
0

Debt Service 287,622
74

Transportation 897,839
231

Public Safety 1,719,361
443

Other 345,777
89

Total $8,563,304
$2,206

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

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2009
2009

Category Expenditures
Per Capita

Salaries & Wages $3,063,949
$789

Water/Sewer Capital 1,619,437
417

Electric Capital 0
0

Other Capital 1,326,786
342

Other Operating 2,553,132
658

Total $8,563,304
$2,206

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

Last Updated 6/11/2010 9:43:48 AM



	2009	2009
Category	Revenue	Per Capita
Property Tax	$1,545,449	$398
Water/Sewer	2,783,937	717
Electric	0	0
Other Utilities	0	0
Sales Tax	560,126	144
Sales & Services	475,697	123
Intergovernment	703,313	181
Debt Proceeds	5,000,000	1,288
Miscellaneous	269,911	70
Total	$11,338,433	$2,921

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

North CarolinaDepartment of State TreasurerFinancial InformationTown of Franklin

Financial Graphs and Comparisons

North Carolina
Department of State Treasurer
Financial Information
Town of Franklin