North Carolina
Department of State Treasurer
Financial Information
City of Gastonia

Financial Profile | General Fund | Enterprise Funds | Cash, Investments and Financing
Annual Financial Information Report Detail | Electric System Information
Financial Graphs and Comparisons | Download Excel 97 Version of Financial Summary

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Note: All data unless otherwise specified is for the 12 month period ending June, 30th of the designated year

Municipality Revenues and Expenditures Financial Profile Go to top of page			2011	2010	2009	2008	2007	2006
	Revenues by Source
		Property Tax	$27,337,766	27,331,485	27,129,080	26,466,654	24,365,287	23,873,069
		Utility	102,054,153	95,914,812	93,686,470	93,687,503	87,820,658	86,575,088
		Sales Tax	9,456,007	9,728,778	9,988,923	9,988,922	9,988,923	9,988,923
		Sales & Services	2,879,213	2,956,332	3,083,689	3,588,230	3,168,194	3,182,178
		Intergovernmental	17,671,765	14,892,853	14,011,921	14,538,148	12,734,803	14,313,082
		Debt Proceeds	43,524,696	605,811	1,438,190	909,031	671,526	6,205,695
		Other Miscellaneous	6,292,961	5,819,478	6,728,048	8,890,046	9,317,954	17,299,680
		Total	$209,216,561	157,249,549	156,066,321	158,068,534	148,067,345	161,437,715

	Expenditures by Function
		Utility	$92,593,799	87,485,511	86,118,737	84,314,128	83,044,491	81,487,690
		Debt Service	11,309,380	10,472,701	10,693,387	12,932,787	13,397,411	14,201,701
		Transportation	17,281,189	7,285,912	6,793,101	6,660,734	6,339,198	6,840,610
		General Government	6,407,009	7,444,602	10,360,493	8,402,388	7,147,204	8,044,176
		Public Safety	28,652,140	28,595,378	27,849,777	26,561,560	25,226,572	22,687,200
		Other	16,759,685	16,504,959	16,025,010	16,913,820	14,797,831	13,783,213
		Total	$173,003,202	157,789,063	157,840,505	155,785,417	149,952,707	147,044,590

	Expenditures by Object
		Salaries & Wages	$48,959,181	50,832,281	50,586,450	48,763,871	45,826,607	43,529,946
		Capital Outlay	17,610,837	6,730,017	8,927,086	8,513,824	9,654,745	10,557,943
		Other Operating + Debt Service	106,433,184	100,226,765	98,326,969	98,507,722	94,471,355	92,956,701
		Total	$173,003,202	157,789,063	157,840,505	155,785,417	149,952,707	147,044,590


	Per Capita Revenues by Source
		Property Tax	$380	363	364	363	341	340
		Utility	1,420	1,274	1,257	1,286	1,230	1,232
		Sales Tax	132	130	135	138	141	142
		Sales & Services	40	39	41	49	44	45
		Intergovernmental	246	198	188	200	178	204
		Debt Proceeds	606	8	19	12	9	88
		Other Miscellaneous	88	77	90	122	131	246
		Total	$2,912	2,089	2,094	2,170	2,074	2,297

	Per Capita Expenditures by Function
		Utility	$1,289	1,162	1,156	1,157	1,163	1,160
		Debt Service	157	139	144	178	188	202
		Transportation	241	97	91	91	89	97
		General Government	89	99	138	115	101	114
		Public Safety	399	380	374	365	353	323
		Other	233	219	215	232	207	196
		Total	$2,408	2,096	2,118	2,138	2,101	2,092

	Per Capita Expenditures by Object
		Salaries & Wages	$681	675	679	669	642	619
		Capital Outlay	245	89	120	117	135	150
		Other Operating	1,482	1,332	1,319	1,352	1,324	1,323
		Total	$2,408	2,096	2,118	2,138	2,101	2,092

	Population Group		No Electric 50,000 and Above	Electric 50,000 and Above	Electric 50,000 and Above	Electric 50,000 and Above	Electric 50,000 and Above	Electric 50,000 and Above
		Number of Municipalites in Group	17	7	7	6	6	6
		Average Population In Group	176,186	94,302	89,553	93,335	89,628	87,652
		City of Gastonia Population	71,851	75,280	74,518	72,848	71,376	70,278
	Group Average Per Capita Revenues by Source
		Property Tax	477	395	402	392	391	345
		Utility	616	1,794	1,826	1,649	1,661	1,622
		Sales Tax	143	140	152	168	170	154
		Sales & Services	127	92	101	101	100	96
		Intergovernmental	220	202	187	183	178	193
		Debt Proceeds	314	415	110	184	41	431
		Other Miscellaneous	183	162	209	190	220	186
		Total	2,080	3,200	2,987	2,867	2,761	3,027

	Group Average Per Capita Expenditures by Function
		Utility	590	1,900	1,778	1,509	1,441	1,744
		Debt Service	197	184	219	246	306	236
		Transportation	204	150	156	174	165	169
		General Government	147	102	115	118	109	126
		Public Safety	396	396	408	394	384	376
		Other	348	281	269	255	255	245
		Total	1,882	3,013	2,945	2,696	2,660	2,896

	Group Average Per Capita Expenditures by Object
		Salaries & Wages	522	647	650	605	603	596
		Capital Outlay	293	292	290	300	321	347
		Other Operating	1,067	2,074	2,005	1,791	1,736	1,953
		Total	1,882	3,013	2,945	2,696	2,660	2,896


General Fund Go to top of page			2011	2010	2009	2008	2007	2006
	General Fund revenues		$55,279,816	54,361,516	54,843,835	54,467,968	52,314,971	50,348,227
	General Fund expenditures		60,831,637	55,188,283	55,677,752	53,967,104	51,254,004	49,299,010
	Operating transfers in		2,443,923	2,120,041	2,100,000	2,105,000	2,100,000	2,220,681
	Operating transfers out		1,184,721	2,011,917	2,663,463	2,904,316	1,641,158	847,524
	Capital leases and installment purchase proceeds		5,318,902	-	-	-	-	-
	Other items		-	-	-	-	-	-
	Excess of revenues and other sources over (under) expenditures and other uses		1,026,283	(718,643)	(1,397,380)	(298,452)	1,519,809	2,422,374

	Fund balance available (FBA):
		In dollars	$0	7,132,237	9,637,414	9,645,184	9,289,016	8,683,807
		FBA as a % of GF Net Expenditures:
		Unit's FBA %	0.00	12.47	16.52	16.96	17.56	17.32
		Group weighted average FBA %	28.78	26.70	27.32	29.59	28.33	29.05
		State weighted average Electric Group	38.21	33.60	34.33	35.35	33.92	35.62
		State weighted average FBA %	38.21	37.47	37.03	36.35	36.54	36.96


Enterprise Funds: Go to top of page
	Storm Water, Golf, Water/Sewer, Electric

	Combined financial results:
		Working capital	$26,849,032	25,567,889	21,252,320	20,095,200	15,980,688	14,270,723
		Quick ratio	3.33	2.74	2.56	2.48	1.92	1.82
		Net income	6,762,125	2,766,138	1,694,636	12,289,583	7,789,557	6,515,093
		Cashflow from operations	14,903,359	14,697,842	12,176,287	20,557,579	14,207,529	15,688,433
		Depreciation & Amortization Expense	6,326,754	6,655,642	6,565,321	6,454,874	6,146,695	6,247,722



Cash, Investments and Financing Go to top of page			2011	2010	2009	2008	2007	2006

		Population at July 1st of the Previous Year	71,851	75,280	74,518	72,848	71,376	70,278
		Population Group	No Electric 50,000 and Above	Electric 50,000 and Above	Electric 50,000 and Above	Electric 50,000 and Above	Electric 50,000 and Above	Electric 50,000 and Above
		Cash &Investments	$50,120,559	$38,035,121	$36,627,310	$40,504,238	$46,712,214	$47,568,972
		Investment Earnings	441,554	293,876	915,058	2,206,979	2,629,300	2,133,831
		Tax Rate Equivalent	0.0086	0.0057	0.0179	0.0444	0.0589	0.0491
		Tax Rate Equivalent Group weighted average	0.0253	0.0276	0.0461	0.0687	0.0841	0.0646
		Tax Rate Equivalent Statewide weighted average	0.0156	0.0247	0.0133	0.0524	0.0920	0.0573
		Latest year of Revaluation	2007	2007	2007	2007	2003	2003
		January 1, Prior Year Assessed Valuation	$5,112,034,174	5,144,327,985	5,115,214,978	4,969,472,571	4,462,023,289	4,343,447,220
		Tax Rate	0.5300	0.5300	0.5300	0.5300	0.5400	0.5400
		Tax Rate Group weighted average	0.4634	0.5062	0.5294	0.5409	0.5144	0.5264
		Tax Rate State Wide	0.4122	0.4090	0.4262	0.4238	0.4450	0.4321
		Assessment -to-Sales Ratio	103.22	98.35	93.27	96.87	92.85	97.29
		Assessment -to-Sales Ratio Group weighted average	101.57	99.45	91.72	89.44	92.87	96.08
		Assessment -to-Sales Ratio Statewide	101.47	98.27	90.81	88.53	88.41	92.28
		Assessed Valuation Adjusted for Assesment to Sales Ratio	$4,952,561,688	5,230,633,437	5,484,308,972	5,130,042,914	4,805,625,513	4,464,433,364
		EffectiveTax Rate	0.5471	0.5213	0.4943	0.5134	0.5014	0.5254
		Group weighted average Effective Tax Rate	0.4706	0.5034	0.4855	0.4837	0.4778	0.5058
		Statewide weighted average Effective Tax Rate	0.4183	0.4020	0.3870	0.3752	0.3934	0.3987
		Percent Collected	96.3100	96.0100	95.7000	95.9100	95.9000	95.9000
		Percent Collected Group weighted average	98.26	97.13	96.96	97.18	97.27	97.14
		Percent Collected Statewide	97.59	97.36	97.34	97.56	97.58	97.55
		Percent Collected Excluding Motor Vehicles	97.34	97.02	96.72	97.09	97.20	97.20
		Percent Collected Excluding Motor Vehicles Group weighted average	98.98	98.26	98.25	98.55	98.50	98.50
		Percent Collected Excluding Motor Vehicles Statewide weighted average	98.35	98.23	98.30	98.65	98.59	98.61
		Percent Collected Motor Vehicles Only	83.43	83.78	84.42	83.50	83.67	83.67
		Percent Collected Motor Vehicles Only Group weighted average	88.23	83.85	83.77	84.71	85.07	84.65
		Percent Collected Motor Vehicles Only Statewide weighted average	87.28	86.34	86.55	86.74	86.71	86.80
		Tax Uncollected	2,680,728	2,819,818	3,059,344	3,000,345	2,873,291	2,873,291
		Tax Rate Equivalent	0.0524	0.0548	0.0598	0.0604	0.0644	0.0662
		Dominant County: Gaston
	Debt Information
		Population Group	50,000 to 99,999	50,000 to 99,999	50,000 to 99,999	50,000 to 99,999	50,000 to 99,999	50,000 to 99,999
		Ratings:
		Fitch		AA-	AA-	AA-	AA-
		Moody's		Aa2		A2	A2	A2
		S & P		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	$0	1,513,931	2,753,192	3,810,109	5,085,358	6,922,301
		General Government GO Debt	0	12,556,069	14,511,808	16,584,891	16,649,642	19,292,699
		Total General Obligation Debt	0	14,070,000	17,265,000	20,395,000	21,735,000	26,215,000
		Per Capita	$0	187	232	280	305	373
		Total Per Capita for the Population Group	#N/A	139	165	348	346	372
		Total Per Capita Statewide	#N/A	449	455	456	478	495
		Total per Assessed Valuation Adjusted for Current Year Sales	0.0000%	0.2690%	0.3148%	0.3976%	0.4523%	0.5872%
		Total per Assessed Valuation Adjusted for Current Year Sales- Group Average	#N/A	0.1572%	0.1772%	0.3766%	0.3712%	0.4382%
		Total per Assessed Valuation Adjusted for Current Year Sales - Statewide	#N/A	0.4104%	0.3909%	0.4132%	0.4706%	0.5275%
		Total Authorized but not Issued General Obligation Debt	$0

		Installment Sales Purchases and Lease Obligations
		--Enterprise	$0	0	0	0	0	0
		--General Government	0	10,955,000	12,191,667	13,543,333	14,905,000	16,886,667
		Total*	$0	10,955,000	12,191,667	13,543,333	14,905,000	16,886,667
		* The total only includes the contracts that require Local Government Commission approval.
		Revenue Bond Debt	$0	38,290,562	41,040,000	43,780,000	47,215,000	50,695,000


Annual Financial Information Report Detail Go to top of page
Line	Section	Description	2011	2010	2009	2008	2007	2006
	Population at July 1st of the Previous Year Adjusted for Boundry Changes		71,851	75,280	74,518	72,848	71,376	70,278

1.5A	FISCAL	Governmental Activities Assets	234,767,092	197,550,760	204,568,664	208,793,214	205,470,326	205,541,394
1.5B	SUMMARY	Governmental Activities Liabilities	91,462,731	48,538,737	51,291,215	52,125,757	49,255,418	52,532,726
3.5A		Business Type Activities Assets	306,882,371	301,216,385	299,059,908	300,792,134	293,731,569	290,398,382
3.5B		Business Type Activities Liabilties	52,783,999	53,614,804	54,195,039	57,616,482	62,882,616	67,613,914
6.5A		Fiduciary Funds Assets
6.5B		Fiduciary Funds Liabilties
10.0	PART 2	Current Collections of Unit -Wide Levy	26,154,899	26,171,728	25,950,664	25,366,956	23,241,136	22,715,809
11.0	TAX	Current Collections of Special Tax Districts	116,753	115,524	109,822	115,197	96,400	93,177
12.0	REVENUES	Prior Years' Levy Collections	982,477	959,961	988,757	918,206	946,808	948,384
13.0		Penalties and Interest	200,390	199,796	189,659	181,492	177,343	208,876
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	3,404,163	3,502,360	3,596,012	3,596,012	3,596,013	3,496,123
17.0		1/2% Local Government Option Sales Tax (40)	2,174,881	2,237,619	2,297,453	2,297,452	2,297,452	2,397,342
18.0		1/2% Local Government Option Sales Tax (42)	2,174,882	2,237,619	2,297,452	2,297,452	2,297,452	2,397,342
18.5		1/2% Local Government Option Sales Tax (44)	1,702,081	1,751,180	1,798,006	1,798,006	1,798,006	1,698,116
19.0		Privilege Licenses	241,606	247,433	264,493	150,556	292,496	219,472
19.2		Privilege -- All other privileges and pemits	4,442	4,339	4,485	6,366	2,551	3,293
20.0		Auto Licenses	747,227	760,796	794,091	794,945	755,283	780,781
21.0		Vehicle Tax for Public Transportation						54,991
22.0		Other Licenses			65,067	92,848	585,567	547,674
23.0		Local Occupancy Tax	1,023,255	971,400	1,005,133	1,037,760	440,121	376,567
24.0		Prepared Food Tax
25.0		911 Charges
26.0		Gross Short Term lease and Rental Tax	59,379	54,439	56,976	61,364	59,486	54,991
27.0	FEDERAL	Payments In Lieu of Taxes - Federal
28.0	INTERGOV	Equitable Sharing of Fed. Forfeited Prop.	99,704	52,599	97,070	10,642		4,008
29.0	REVENUES	General Government
30.0		Public Safety	325,407	846,456	29,390	85,324	139,343	51,667
31.0		Transportation - Streets
32.0		Transportation - All Other	3,423,573	1,341,804	1,478,376	1,322,680	1,189,055	1,369,580
33.0		Environmental Protection
34.0		Econ. & Phys. Dev. - Housing/Comm. Dev.	3,077,414	3,600,219	1,932,690	2,455,316	2,499,608	2,405,882
35.0		Econ. & Phys. Dev. - All Other
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				6,149	5,500	6,000
40.0	INTERGOV	Unauthorized Substance Tax
41.0	REVENUES	Transitional Hold Harmless
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
44.0		Utility Franchise Tax	3,637,666	3,525,229	3,604,081	3,397,786	3,323,537	3,173,463
45.0		Beer and Wine Tax	331,788	106,282	327,159	328,786	317,568	303,925
46.0		Powell Bill	1,908,414	1,968,971	2,193,017	2,411,499	2,135,382	2,144,639
50.0		Court Fees - Facilities and Arrest Fees	21,840	21,754	22,148	19,206	17,498	21,965
51.0		General Government	23,914	78,059	228,251	47,639	114,536	83,127
52.0		Public Safety	41,967	73,143	144,354	75,616	99,339	72,498
53.0		Transportation - Streets	1,277,716	343,485	800,799	1,145,774	308,673	302,666
54.0		Transportation - All Other	493,356	119,556	88,862	208,271	332,464	1,196,827
55.0		Environmental Protection	83,747	231,163	125,000	118,056
56.0		Econ. & Phys. Dev. - Housing/Community Dev				19,160
57.0		Econ. & Phys. Dev. - All Other	31,035	29,700	15,164	29,335	16,970	47,828
58.0		Human Services -Health, Mental Health, Hosp
59.0		Human Services - All Other
60.0		Culture and Recreation		43,250	453,500
61.0	LOCAL	Payments in Lieu of Taxes - Local	2,834,845	2,456,744	2,415,084	2,053,633	1,927,844	1,832,018
62.0	INTERGOV	General Government						47,828
63.0	REVENUES	Public Safety
64.0		Transportation - Streets
65.0		Transportation - All Other
66.0		Environmental Protection
67.0		Economic and Physical Development						1,194,170
68.0		Human Services - Health, Mental Hlt & Hosp
69.0		Human Services - All Other				741,912	248,000
70.0		Culture and Recreation	100,000	100,000	100,000	100,000	100,000	100,000
71.0	PERMITS	Building Permits	626,451	390,896	708,593	857,476	857,476	588,006
72.0	& FEES	Inspection Fees		6,835	11,401	119,436	119,436	103,050
72.1		Amusements licensing and permit taxes
73.0		Other Permits		152,069	23,416	22,826	120,828	117,939
74.0	SALES &	Parking Revenues	2,178	1,191	1,774	1,013	2,591	2,041
75.0	SERVICES	Rents and Royalties	222,617	231,161	196,296	187,985	187,230	130,218
76.0		Airport	105,644	111,161	109,549	108,997	92,001	86,080
77.0		Fire Protection Charges	225	800	250	300	725	300
78.0		Solid Waste	1,684,896	1,618,707	1,726,924	1,563,481	1,216,901	1,112,172
79.0		Ambulance and Rescue Squad Charges
80.0		Cemeteries
81.0		Recreation Service Revenues	430,436	434,610	606,810	1,346,507	1,177,935	1,372,397
82.0		Library Service Revenues
83.0		Other Cultural and Rec Service Revenues	241,804	223,084	236,587	167,036	191,532	177,183
84.0		Mass Transit - City Operated	191,413	183,549	182,083	190,085	178,451	183,848
85.0		Other Sales and Services	1,357,916	1,363,270	1,621,977	1,533,241	1,570,753	1,686,725
86.0	UTILITY	Water and Sewer Charges	29,522,575	27,664,248	27,279,429	28,238,566	28,023,524	27,942,762
87.0	REVENUES	Electric Charges	71,173,662	66,887,294	64,785,064	63,915,696	58,226,381	56,945,601
88.0		Gas Charges
88.1		Storm Water Fees	2,042,697	2,080,898	2,048,742	2,036,181	2,001,118	1,993,764
89.0	MISC.	Investment Earnings - Bond Proceeds
90.0	REVENUES	Investment Earnings - All Other Funds	441,554	293,876	915,058	2,206,979	2,629,300	2,133,831
91.0		Special Assessments
92.0		Private Contributions and Donations	22,552	99,093	80,874	46,456	36,635	52,535
93.0		Sales of Materials and Fixed Assets	106,424	46,438	32,099	183,366	91,008	328,479
94.0		Sale of Real Property		1,950	128,190	260,638	624,193
95.0		Nongovt Contr For Streets & Traffic Signals
96.0		ABC Mixed Drink Surcharge
97.0		ABC Profit Distribution	820,000	700,000	460,000	532,000	608,000	508,000
98.0		Other Miscellaneous Revenues	1,350,738	519,884	1,438,190	909,031	671,526	585,695
99.0		Proceeds of Sale of Bonds and Notes	42,173,958	85,927				5,620,000
100.0		Proceeds of Capital Leases/Install Purchases				349,842	78,370	9,416,060
101.0		Other	599,900	467,841	500,454	480,892	428,532	661,738
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	8,920
106.0		Deposits Other than Utility
107.0		Prepaid Taxes	-6,082	180,927	180,603	115,645	-116,093	-115,821
108.0		Prepaid Privilege Licenses
109A	PART 4	Governing Body - Salaries & Wages	33,785	41,967	40,113	22,417	36,749	22,994
109B	GENERAL	Governing Body - Other Direct	254,440	272,690	236,786	316,518	192,622	229,278
109C	GOVT	Governing Body - Construction			3,003,666	1,423,982	520,987	302,356
109D		Governing Body - Purchase of P,P&E
110A		Administration - Salaries & Wages	1,163,650	1,518,358	1,645,657	1,554,071	1,512,726	1,278,348
110B		Administration - Other Direct	1,418,808	1,292,420	1,516,519	1,478,072	1,311,460	1,478,221
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	486,624	1,012,980	986,451	843,691	718,324	745,023
112B		Finance - Other Direct	221,029	542,321	164,841	256,987	370,902	387,658
112C		Finance - Construction				10,000	62,797
112D		Finance - Purchase of P,P&E			17,114
113A		Taxes - Salaries & Wages
113B		Taxes - Other Direct
113C		Taxes - Construction
113D		Taxes - Purchase of P,P&E
114A		Legal - Salaries & Wages	302,235	292,315	291,684	278,184	262,703	251,727
114B		Legal - Other Direct	30,696	40,305	39,762	39,518	39,020	42,803
114C		Legal - Construction
114D		Legal - Purchase of P,P&E
115A		Public Buildings - Salaries & Wages	551,527	599,093	633,070	609,845	568,686	522,496
115B		Public Buildings - Other Direct	306,269	279,540	205,838	217,794	220,288	192,431
115C		Public Buildings - Construction
115D		Public Buildings - Purchase of P,P&E			4,694	297	31
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	765,892	724,729	800,147	702,691	660,331	1,278,740
117B		Central Services - Other Direct	415,096	410,551	359,979	259,300	262,490	927,710
117C		Central Services - Construction	9,918	3,763				9,000
117D		Central Services - Purchase of P,P&E		4,000	13,295		11,226	27,068
118A		Gen. Govt. All Other - Salaries & Wages	386,377	362,190	365,228	339,241	348,873	320,739
118B		Gen. Govt. All Other - Other Direct	60,663	47,380	35,649	49,780	46,989	27,584
118C		Gen. Govt. All Other - Construction
118D		Gen. Govt. All Other - Purchase of P,P&E
119A	PUBLIC	Police & Comm - Traffic Control - Salaries and Wages	11,492,468	11,498,370	11,216,808	10,697,576	10,191,856	9,300,448
119B	SAFETY	Police & Comm - Traffic Control - Other Direct	3,095,107	3,506,487	3,086,412	2,804,229	2,444,275	1,686,845
119C		Police & Comm - Traffic Control - Construction
119D		Police & Comm - Traffic Control - Purchase of P,P&E	77,749	13,040	19,745	41,956	45,117	130,777
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	8,005,231	8,314,930	8,197,650	8,004,061	7,757,673	7,168,842
122B		Fire - Other Direct	1,784,123	1,354,062	1,308,836	1,240,194	1,238,562	1,124,467
122C		Fire - Construction
122D		Fire - Purchase of P,P&E	10,660	28,720			6,150	5,615
123A		Inspectors - Salaries & Wages	834,604	713,890	750,066	703,846	612,965	549,823
123B		Inspectors - Other Direct	358,562	130,544	126,219	118,007	114,786	59,034
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	1,350,090	1,783,837	1,722,608	1,687,264	1,618,415	1,629,608
126B		Pub. Safety All Other - Other Direct	150,288	3,949	67,669	12,878	44,489	-44,806
126C		Pub. Safety All Other - Construction
126D		Pub. Safety All Other - Purchase of P,P&E		6,033	17,542
127A	TRANSPOR	Traffic Engineering - Salaries & Wages
127B	TATION	Traffic Engineering - Other Direct
127C		Traffic Engineering - Construction
127D		Traffic Engineering - Purchase of P,P&E
128A		Streets and Highways - Salaries & Wages	1,177,883	1,182,856	1,154,932	1,181,445	1,059,939	1,015,072
128B		Streets and Highways - Other Direct	311,511	305,473	464,925	372,988	470,802	256,100
128C		Streets and Highways - Construction	9,270,582	1,096,248	359,702	819,411	442,944	334,858
128D		Streets and Highways - Purchase of P,P&E
129A		Street Cleaning - Salaries & Wages	108,021	100,858	88,880	62,606	-20,412	-30,245
129B		Street Cleaning - Other Direct			64,441	108,438	207,746	232,800
129C		Street Cleaning - Construction
129D		Street Cleaning - Purchase of P,P&E
130A		Powell Bill - Salaries & Wages	1,089,062	1,112,549	1,096,564	978,641	979,998	1,033,190
130B		Powell Bill - Other Direct	856,827	716,111	1,097,627	842,697	964,945	1,144,972
130C		Powell Bill - Construction
130D		Powell Bill - Purchase of P,P&E
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	1,325,660	1,235,588	1,201,720	1,169,041	1,024,130	898,660
132B		Mass Transit - City - Other Direct	962,423	792,106	963,501	993,601	777,318	765,442
132C		Mass Transit - City - Construction
132D		Mass Transit - City - Purchase of P,P&E	1,940,607	34,068	132,129	7,108	5,286	1,566
133B		Mass Transit - Private - Other Direct
134A		Airport - Salaries & Wages
134B		Airport - Other Direct	78,438	91,391	106,392	109,585	73,369	48,634
134C		Airport - Construction	160,175	618,664	62,288	15,173	353,133	1,139,561
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	3,373,041	3,481,058	3,568,328	3,699,704	3,541,094	3,452,837
136B	MENTAL	Solid Waste - Other Direct	2,189,853	2,069,558	2,152,322	2,074,886	1,379,848	1,651,114
136C	PROTECTION	Solid Waste - Construction
136D		Solid Waste - Purchase of P,P&E
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	149,897	158,393	157,416	157,009	146,908	122,295
138B		Cemeteries - Other Direct	24,843	19,791	30,876	23,723	22,729	31,317
138C		Cemeteries - Construction
138D		Cemeteries - Purchase of P,P&E					13,000	24,448
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	117,850	102,435	99,433	87,347
140B	& PHYSICAL	Planning & Zoning - Other Direct	9,399	14,850	11,768	9,107
140C	DEVELOP	Planning & Zoning - Construction
140D		Planning & Zoning - Purchase of P,P&E
141A		Economic Development - Salaries & Wages				11,640	17,403	9,567
141B		Economic Development - Other Direct	484,258	428,187	496,530	592,326	532,749	477,169
141C		Economic Development - Construction	1,179,794	583,800	1,265,503	403,690
141D		Economic Development - Purchase of P,P&E
142A		Community Development - Salaries & Wages	618,717	800,712	794,060	720,567	520,774	483,514
142B		Community Development - Other Direct	102,947	404,741	418,362	423,082	355,796	234,406
142C		Community Development - Construction
142D		Community Development - Purchase of P,P&E			3,073	8,674
143A		Housing & Urban Renewal - Salaries & Wages	157,083	299,457	367,814	547,365	462,241	410,182
143B		Housing & Urban Renewal - Other Direct	1,884,177	3,207,457	1,285,990	1,857,317	1,762,773	1,326,667
143C		Housing & Urban Renewal - Construction
143D		Housing & Urban Renewal - Purchase of P,P&E	14,903	122,573	86,497	339,976	414,073	601,697
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	2,601,109	2,515,744	2,483,777	2,362,133	1,757,489	1,626,920
153B	RECREATION	Recreation & Parks - Other Direct	1,004,142	1,067,464	992,677	918,652	893,685	692,920
153C		Recreation & Parks - Construction					15,686	80,463
153D		Recreation & Parks - Purchase of P,P&E					185,099
154A		Coliseum - Salaries & Wages
154B		Coliseum - Other Direct
154C		Coliseum - Construction
154D		Coliseum - Purchase of P,P&E
155A		Museums - Salaries & Wages	734,192	847,563	919,010	895,859	1,238,584	1,220,681
155B		Museums - Other Direct	490,894	381,176	409,392	378,423	424,590	301,444
155C		Museums - Construction
155D		Museums - Purchase of P,P&E					3,800
156A		Libraries - Salaries & Wages
156B		Libraries - Other Direct						177
156C		Libraries - Construction
156D		Libraries - Purchase of P,P&E
157A		Cult. & Recr. All Other - Salaries & Wages			158,049	607,172	516,046	489,225
157B		Cult. & Recr. All Other - Other Direct			200,663	667,194	584,308	546,170
157C		Cult. & Recr. All Other - Construction			123,470	127,974
157D		Cult. & Recr. All Other - Purchase of P,P&E					9,156
158A	UTILITY	Water & Sewer - Salaries & Wages	7,937,928	8,107,417	7,831,562	7,252,002	6,873,773	6,518,452
158B		Water & Sewer - Other Direct	13,120,572	12,309,195	12,541,550	11,870,301	11,417,555	10,643,884
158C		Water & Sewer - Construction	2,685,637	2,034,860	1,956,318	2,496,360	4,989,977	5,780,939
158D		Water & Sewer - Purchase of P,P&E	24,000	32,256	396,480	353,027	313,617	349,590
159A		Electric Power - Salaries & Wages	3,607,865	3,348,023	3,372,721	3,079,246	2,864,433	2,763,558
159B		Electric Power - Other Direct	61,352,886	57,775,838	56,770,674	55,167,039	52,746,881	52,205,690
159C		Electric Power - Construction	643,546	1,151,281	1,078,725	2,120,921	1,392,281	1,063,499
159D		Electric Power - Purchase of P,P&E	261,206	299,088	327,075		332,013	473,790
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	588,390	676,969	642,702	509,207	554,906	447,250
161.1B		Storm Water - Other Direct	1,039,709	1,048,961	1,141,160	1,120,750	1,020,683	1,008,322
161.1C		Storm Water - Construction	1,332,060	701,623	59,770	345,275	538,372	232,716
161.1D		Storm Water - Purchase of P,P&E
161B	DEBT	Water & Sewer - Interest & Fees	1,613,893	1,612,397	2,180,818	2,389,441	2,585,924	2,950,393
161D	SERVICE	Water & Sewer - Principal	4,078,467	4,378,901	3,805,139	5,153,515	5,331,232	5,464,233
162B		Electric - Interest & Fees	16,869	16,869	25,093
162D		Electric - Principal
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	2,022,227	1,064,767	1,190,809	1,289,228	1,424,770	1,596,901
166D		All Other - Principal	3,577,924	3,399,767	3,491,528	4,100,603	4,055,485	4,190,174
167B	PENSION	Direct Benefit Program - Other Direct
168B	FRINGE	Fringe Benefits Unallocated
169B		Separation Allowance - Law Enforcement	1,059,966	809,806	915,336	853,077	770,938	715,380
170B		Separation Allowance - Other Employees
171B		Supplemental Retirement - Law Enforcement	433,292	431,710	420,886	398,472	381,346	361,167
172B		Fringe Benefits Other	1,622,586
173A	INTERGOV	Multi-Cnty Libr Dis,Cnty,Or Other - Recipient
173B	EXPEND	Multi-Cnty Libr Dis,Cnty,Or Other - Item #
173C		Multi-Cnty Libr Dis,Cnty,Or Other - Amount
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
176B		Other - Intergovt. Expenditures - Item #
176C		Other - Intergovt. Expenditures - Amount
177A		Other - Intergovt. Expenditures - Recipient
177B		Other - Intergovt. Expenditures - Item #
177C		Other - Intergovt. Expenditures - Amount
178A		Other - Intergovt. Expenditures - Recipient
178B		Other - Intergovt. Expenditures - Item #
178C		Other - Intergovt. Expenditures - Amount
179.0		Current year's levy -- Excluding motor vehicles	25,237,831.	25,215,469.00	24,872,424.00	24,149,011.00	21,414,392.00	21,414,392.00
180.0		Current year's levy -- Motor vehicles (only)	2,009,400.	2,067,759.00	2,243,324.00	2,298,495.00	2,272,925.00	2,272,925.00
181.0	PART 6	Uncollected Taxes - Current Year's Levy Except Mot Veh	671,328.	752,059.00	816,020.00	701,850.00	600,366.00	600,366.00
182.0	OTHER	Uncollected Taxes - CY Levy -Motor Vehicles	332,980	335,466	349,597	379,233	371,146	371,146
183.0	DATA	Percentage of Taxes Collected - All Property %	96.31	96.01	95.70	95.91	95.90	95.90
184.0	DATA	Percentage of Taxes Collected - Exclude Motor Vehicles%	97.34	97.02	96.72	97.09	97.20	97.20
185.0		Percentage of Taxes Collected - Motor Vehicles %	83.43	83.78	84.42	83.50	83.67	83.67
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	35,135,297	9,409,238	12,348,588
189C	INVEST	Cash On Hand & in Bank - All Other	50,120,559	38,035,121	36,627,310	40,504,238	46,712,214	47,568,972
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	219,293,843	161,262,538	161,285,330	163,623,742	152,237,035	165,191,436
194B	FISCAL	Amount - Subtract Refunding Bond Proceeds	5,318,902
194C	SUMMARY	Amount - Subtract Interfund Transfers In	4,158,480	3,545,148	4,718,555	5,074,316	3,741,158	3,091,983
194D		Amount - Net Revenues	209,816,461	157,717,390	156,566,775	158,549,426	148,495,877	162,099,453
		Calculated amount	209,816,461	157,717,390	156,566,775	158,549,426	148,495,877	162,099,453
		Amounts in AGREEMENT??	Yes	Yes	Yes	Yes	Yes	Yes
		Difference
195A		Amount - Total Expenditures	182,439,025	161,334,211	162,559,060	160,859,733	153,693,865	156,041,698
195B		Amount - Subtract Pymts. to Refunded Debt Agent	5,277,343					5,905,125
195C		Amount - Subtract Interfund Transfers Out	4,158,480	3,545,148	4,718,555	5,074,316	3,741,158	3,091,983
195D		Amount - Net Expenditures	173,003,202	157,789,063	157,840,505	155,785,417	149,952,707	147,044,590
		Calculated amount	173,003,202	157,789,063	157,840,505	155,785,417	149,952,707	147,044,590
		Amounts in AGREEMENT??	Yes	Yes	Yes	Yes	Yes	Yes
		Difference

401A	Part 10	Number of residential accounts billed Water
401B	Water /	Number of residential accounts billed Sewer
402A	Sewer	Amount processed and/or purchased in units Water	4,547	4,412	4,183
402B	Operations	Amount processed and/or purchased in units Sewer	2,939	3,247	3,102
403A		Total amount billed in units - Water	3,323	3,187	3,206
403B		Total amount billed in units - Sewer	2,691	2,728	2,731
404A		Of the total in 403A above how many units were Residential W	1,369	1,327	1,301
404B		Of the total in 403B above how many units were Residential S
405A		Of the total in 403 above, how many units were Outside Muni W
405B		Of the total in 403 above, how many units were Outside Muni S
406A		Of the total in 405A above how many units were Residential W
406B		Of the total in 405B above how many units were Residential S
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	14,220,592	13,257,391	12,988,072
408A		Dollars related to 403A above	14,672,995	13,857,736	13,505,947
408B		Dollars related to 403B above	7,159,671	6,771,980	6,569,144
409A		Dollars related to 404A above	7,592,639	6,924,462	6,668,737
409B		Dollars related to 404B above
410A		Dollars related to 405A above
410B		Dollars related to 405B above
411A		Dollars related to 406A above
411B		Dollars related to 406B above
412A		Dollars related to 407A above
412B		Dollars related to 407B above	22,868	22,776	22,843
421A		Number of residential accounts billed - Water	20,858	20,665	20,635
421B		Number of residential accounts billed - Sewer	2,982	3,032	3,012
422A		Number of non-residential & bulk accounts billed - Water	2,700	2,713	2,681
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	Wendell Hendrix
951.0		Title	Controller
952.0		Date	01/13/2012	02/25/2011	01/06/2010	12/11/2008	12/21/2007	11/27/2006
953.0		Contact	Wendell Hendrix
954.0		Title	Controller
955.0		Phone	704-866-6963
956.0		Fax	704-866-6053
957.0		E-Mail:

Go to top of page Key Ratios of Electric Systems for The
City of Gastonia

	2011	2010	2009	2008	2007	2006

Population	71,851	75,280	74,518	72,848	71,376	70,278
Power Agency Group	N.C. Municipal Power Agency Number 1
Total Operating Revenues	$71,003,575	67,631,621	64,915,490	64,204,033	58,651,015	56,871,858
Group Weighted Average	#DIV/0!	19,972,911	19,086,441	19,247,063	18,178,758	17,456,939

% to Total Operating Revenues
Power Purchases	0.0%	76.8%	78.0%	78.0%	81.0%	83.0%
Group Weighted Average	0.0%	79.2%	79.4%	78.1%	78.6%	81.7%

Other Operating Expenses	92.6%	14.5%	15.1%	13.5%	14.1%	14.7%
Group Weighted Average	0.0%	16.6%	18.9%	17.4%	18.6%	17.9%

Operating Margin	7.4%	8.6%	6.9%	8.5%	4.9%	2.3%
Group Weighted Average	100.0%	4.2%	1.7%	4.5%	2.9%	0.3%

Operating Transfers In	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Group Weighted Average	0.0%	0.2%	0.2%	0.2%	1.9%	0.3%

Operating Transfers Out	2.8%	3.3%	3.4%	3.3%	3.6%	3.9%
Group Weighted Average Out	#DIV/0!	2.4%	3.3%	2.9%	2.6%	2.2%

Net Income	4.7%	5.4%	3.6%	5.8%	1.7%	-1.0%
Group Weighted Average	#DIV/0!	2.1%	-1.1%	4.0%	5.6%	-0.2%

Key Ratios and Cash Flow

Quick Ratio	3.7	3.2	3.0	2.6	2.4	2.5
Group Weighted Average	#DIV/0!	3.7	3.9	3.8	4.1	4.0

Coverage Ratio	0.00	1.14	1.12	1.15	1.10	1.07
Group Weighted Average	N/A	1.06	1.02	1.09	1.09	1.03

Days Sales in Receivables	0.0	50.0	43.3	43.3	45.8	41.0
Group Weighted Average	N/A	38.1	34.8	35.5	34.8	31.5

Days Cash on Hand	81.1	67.8	55.9	51.6	39.9	47.7
Group Weighted Average	N/A	108.4	104.7	112.9	107.1	123.8

Cash flow from Operations	$7,038,710	7,119,102	5,914,296	7,324,110	3,759,684	2,605,216

Capital Expenditures:	$2,709,637	2,067,116	2,352,798	2,849,387	5,303,594	6,130,529


	2011	2010	2009	2008	2007	2006
Capital Contributions: Excluded from Income Above	$0	0	0	17,598	86,896	327,464

Operating Transfers to the General Fund as a % of GF Revenues	2011	2010	2009	2008	2007	2006
	-3.62%	3.86%	3.83%	3.86%	4.01%	4.37%

	2005	2004	2003	2002	2001	2000
	0.31%	0.32%	0.36%	0.40%	0.23%	0.41%

Gross Electric Fund Assets as Cost	$87,157,057	90,724,832	82,378,566	79,422,084	76,054,898	72,941,573
Estimated Tax Loss from Municipal Ownership of Utility	$461,932	$480,842	436,606	420,937	410,696	393,884
Tax Rate Equivalent	0.0090	0.0093	0.0085	0.0085	0.0092	0.0091

Operating Transfers to the General Fund as a % of Gross Fixed Assets	-2.29%	2.31%	2.55%	2.64%	2.76%	3.02%

Operating Transfers to the General Fund as a Tax Rate Equivalent	-0.0391	0.0408	0.0411	0.0423	0.0471	0.0506

Tax Rate Adjusted for Assessed to Sales Ratio	0.5471	0.5213	0.4943	0.5134	0.5014	0.5254

Tax Rate Adjusted Excluding Transfers	0.5079	0.5621	0.5354	0.5557	0.5485	0.5760

Weighted Average Group Rate Adjusted	0.4706	0.5034	0.4855	0.4837	0.4778	0.5058

Weighted Average Non Electric Adjusted Rate	0.4706	0.4378	0.4373	0.4177	0.4365	0.4246

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

	2007	2008	2009	2010	2011
Unit's FBA %	17.56%	16.96%	16.52%	12.47%	0.00%
Group average FBA %	28.33%	29.59%	27.32%	26.70%	28.78%
State average Electric/Non Electric Group FBA %	33.92%	35.35%	34.33%	33.60%	38.21%
State average FBA %	36.54%	36.35%	28.33%	37.47%	38.21%

Municipal Population Group: Electric 50,000 and Above

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2007 2008 2009 2010 2011

Municipality 95.90% 95.91% 95.70% 96.01% 96.31%

Pop. Group 97.27% 97.18% 96.96% 97.13% 98.26%

Statewide 97.58% 97.56% 97.34% 97.36% 97.59%

Municipal Population Group: Electric 50,000 and Above

	2007	2008	2009	2010	2011
Municipality	95.90%	95.91%	95.70%	96.01%	96.31%
Pop. Group	97.27%	97.18%	96.96%	97.13%	98.26%
Statewide	97.58%	97.56%	97.34%	97.36%	97.59%

Municipal Population Group: Electric 50,000 and Above

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2007 2008 2009 2010 2011

Municipality 305 280 232 187 0

Pop. Group 346 348 165 139 #N/A

Statewide 478 456 455 449 #N/A

Municipal Population Group: 50,000 to 99,999

	2007	2008	2009	2010	2011
Municipality	305	280	232	187	0
Pop. Group	346	348	165	139	#N/A
Statewide	478	456	455	449	#N/A

Municipal Population Group: 50,000 to 99,999

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2007 2008 2009 2010 2011

Property Tax $341 363 364 363 380

Utility 1,230 1,286 1,257 1,274 1,420

Sales Tax 141 138 135 130 132

Sales & Services 44 49 41 39 40

Intergovernmental 178 200 188 198 246

Debt Proceeds 9 12 19 8 606

Other Miscellaneous 131 122 90 77 88

Total $2,074 2,170 2,094 2,089 2,912

	2007	2008	2009	2010	2011
Property Tax	$341	363	364	363	380
Utility	1,230	1,286	1,257	1,274	1,420
Sales Tax	141	138	135	130	132
Sales & Services	44	49	41	39	40
Intergovernmental	178	200	188	198	246
Debt Proceeds	9	12	19	8	606
Other Miscellaneous	131	122	90	77	88
Total	$2,074	2,170	2,094	2,089	2,912

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2011
2011

Category Revenue
Per Capita

Property Tax $27,337,766
$380

Water/Sewer 1,357,916
19

Electric 29,522,575
411

Other Utilities 71,173,662
991

Sales Tax 9,456,007
132

Sales & Services 2,879,213
40

Intergovernment 17,671,765
246

Debt Proceeds 43,524,696
606

Miscellaneous 6,292,961
88

Total $209,216,561
$2,912

Municipal Population Group: Electric 50,000 and Above

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2011
2011

Category Expenditures
Per Capita

General Government $6,407,009
$89

Water/Sewer 0
0

Electric 23,768,137
331

Other Utilities 68,825,662
958

Debt Service 11,309,380
157

Transportation 17,281,189
241

Public Safety 28,652,140
399

Other 16,759,685
233

Total $173,003,202
$2,408

Municipal Population Group: Electric 50,000 and Above

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2011
2011

Category Expenditures
Per Capita

Salaries & Wages $48,959,181
$681

Water/Sewer Capital 0
0

Electric Capital 2,709,637
38

Other Capital 14,901,200
207

Other Operating 106,433,184
1,482

Total $173,003,202
$2,408

Municipal Population Group: Electric 50,000 and Above

Last Updated 1/31/2012 4:10:55 PM



	2011	2011
Category	Revenue	Per Capita
Property Tax	$27,337,766	$380
Water/Sewer	1,357,916	19
Electric	29,522,575	411
Other Utilities	71,173,662	991
Sales Tax	9,456,007	132
Sales & Services	2,879,213	40
Intergovernment	17,671,765	246
Debt Proceeds	43,524,696	606
Miscellaneous	6,292,961	88
Total	$209,216,561	$2,912

Municipal Population Group: Electric 50,000 and Above

North CarolinaDepartment of State TreasurerFinancial InformationCity of Gastonia

Financial Graphs and Comparisons

North Carolina
Department of State Treasurer
Financial Information
City of Gastonia