North Carolina
Department of State Treasurer
Financial Information
City of Goldsboro

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

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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	$13,051,612	12,609,274	12,409,972	11,935,226	11,055,867	10,702,890
		Utility	13,587,428	13,473,834	14,828,963	13,353,501	11,777,788	11,112,544
		Sales Tax	5,615,126	6,111,961	6,071,408	5,724,056	5,620,443	5,370,194
		Sales & Services	3,343,597	3,212,781	3,044,035	3,037,130	3,085,773	2,951,565
		Intergovernmental	5,602,248	5,320,929	6,633,662	4,967,566	5,136,310	5,195,714
		Debt Proceeds	4,500,000	3,737,606	5,604,335	705,100	5,965,000	1,510,262
		Other Miscellaneous	2,969,413	3,317,156	3,815,981	3,167,039	2,531,970	1,935,056
		Total	$48,669,424	47,783,541	52,408,356	42,889,618	45,173,151	38,778,225

	Expenditures by Function
		Utility	$10,158,667	10,055,528	11,045,892	8,398,202	8,403,935	8,184,864
		Debt Service	7,106,536	7,276,670	6,875,952	7,093,281	6,974,479	5,395,792
		Transportation	2,663,689	3,403,367	2,887,426	3,860,971	3,173,859	3,113,318
		General Government	2,992,379	2,209,875	2,067,359	2,615,774	1,991,643	2,235,038
		Public Safety	14,611,706	13,535,802	13,267,287	13,149,828	12,583,796	11,194,275
		Other	14,621,455	13,219,288	11,704,339	11,203,743	9,146,352	7,888,957
		Total	$52,154,432	49,700,530	47,848,255	46,321,799	42,274,064	38,012,244

	Expenditures by Object
		Salaries & Wages	$23,841,898	22,455,895	20,895,370	20,584,312	19,906,603	18,700,014
		Capital Outlay	5,968,472	4,901,057	6,658,934	6,131,908	4,154,786	2,932,091
		Other Operating + Debt Service	22,344,062	22,343,578	20,293,951	19,605,579	18,212,675	16,380,139
		Total	$52,154,432	49,700,530	47,848,255	46,321,799	42,274,064	38,012,244


	Per Capita Revenues by Source
		Property Tax	$347	338	332	313	287	278
		Utility	361	361	397	350	306	288
		Sales Tax	148	164	162	149	146	140
		Sales & Services	89	86	81	80	80	77
		Intergovernmental	149	142	177	130	133	135
		Debt Proceeds	119	100	150	18	155	39
		Other Miscellaneous	79	89	102	83	66	50
		Total	$1,292	1,280	1,401	1,123	1,173	1,007

	Per Capita Expenditures by Function
		Utility	$270	269	295	220	218	212
		Debt Service	189	195	184	186	181	140
		Transportation	71	91	77	101	82	81
		General Government	79	60	56	69	53	58
		Public Safety	388	362	355	344	327	291
		Other	388	354	313	293	237	205
		Total	$1,385	1,331	1,280	1,213	1,098	987

	Per Capita Expenditures by Object
		Salaries & Wages	$633	601	559	539	517	485
		Capital Outlay	158	131	178	161	108	76
		Other Operating	594	599	543	513	473	426
		Total	$1,385	1,331	1,280	1,213	1,098	987

	Population Group		No Electric 10,000 to 49,999	No Electric 10,000 to 49,999	No Electric 10,000 to 49,999	No Electric 10,000 to 49,999	No Electric 10,000 to 49,999	No Electric 10,000 to 49,999
		Number of Municipalites in Group	41	38	34	32	32	30
		Average Population In Group	19,477	20,391	20,926	20,968	20,289	20,607
		City of Goldsboro Population	37,661	37,341	37,396	38,186	38,517	38,522
	Group Average Per Capita Revenues by Source
		Property Tax	408	403	387	370	362	348
		Utility	280	312	308	307	290	277
		Sales Tax	135	158	158	150	144	135
		Sales & Services	65	72	64	62	58	56
		Intergovernmental	150	154	143	153	156	150
		Debt Proceeds	180	248	156	73	149	117
		Other Miscellaneous	98	126	151	122	112	81
		Total	1,316	1,473	1,367	1,237	1,271	1,164

	Group Average Per Capita Expenditures by Function
		Utility	292	270	291	263	266	257
		Debt Service	140	137	126	136	127	128
		Transportation	145	128	125	129	127	114
		General Government	145	230	140	145	144	136
		Public Safety	325	327	320	313	305	291
		Other	234	252	260	228	222	212
		Total	1,281	1,344	1,262	1,214	1,191	1,138

	Group Average Per Capita Expenditures by Object
		Salaries & Wages	448	455	445	434	425	405
		Capital Outlay	261	292	247	214	242	199
		Other Operating	572	597	570	566	524	534
		Total	1,281	1,344	1,262	1,214	1,191	1,138


General Fund Go to top of page			2009	2008	2007	2006	2005	2004
	General Fund revenues		$29,000,621	28,322,096	28,043,964	26,541,164	25,990,216	24,383,544
	General Fund expenditures		35,392,238	28,669,184	27,441,010	27,270,050	25,864,381	24,010,666
	Operating transfers in		421,559	-	-	-	158,003	-
	Operating transfers out		-	-	-	60,000	268,446	-
	Capital leases and installment purchase proceeds		4,500,000	237,606	-	-	268,446	283,063
	Other items		-	-	-	705,100	-	-
	Excess of revenues and other sources over (under) expenditures and other uses		(1,470,058)	(109,482)	602,954	(83,786)	283,838	655,941

	Fund balance available (FBA):
		In dollars	$5,961,879	6,771,263	9,158,083	8,557,917	8,101,967	7,960,971
		FBA as a % of GF Net Expenditures:
		Unit's FBA %	19.30	23.82	33.37	31.31	31.32	33.55
		Group weighted average FBA %	41.08	43.40	40.44	38.05	37.21	36.30
		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, Hospital

	Combined financial results:
		Working capital	$6,505,373	7,208,467	8,768,855	5,375,910	4,698,588	4,045,972
		Quick ratio	2.06	2.02	2.40	1.80	1.73	1.73
		Net income	(184,358)	740,227	3,474,241	1,553,742	678,115	(211,644)
		Cashflow from operations	3,335,876	5,395,608	6,472,981	6,357,470	6,823,286	3,263,867
		Depreciation & Amortization Expense	3,256,422	3,255,491	3,082,506	3,048,807	3,055,322	2,790,159



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

		Population at July 1st of the Previous Year	37,661	37,341	37,396	38,186	38,517	38,522
		Population Group	No Electric 10,000 to 49,999	No Electric 10,000 to 49,999	No Electric 10,000 to 49,999	No Electric 10,000 to 49,999	No Electric 10,000 to 49,999	No Electric 10,000 to 49,999
		Cash &Investments	$24,872,138	29,310,310	29,995,366	26,064,674	28,480,349	17,467,880
		Investment Earnings	437,615	1,208,717	1,591,821	1,143,860	592,680	278,713
		Tax Rate Equivalent	0.0219	0.0622	0.0831	0.0623	0.0329	0.0152
		Tax Rate Equivalent Group weighted average	0.0262	0.0393	0.0523	0.0385	0.0208	0.0095
		Tax Rate Equivalent Statewide weighted average	0.0133	0.0524	0.0920	0.0573	0.0415	0.0340
		Latest year of Revaluation		2003	2003	2003	2003	2003
		January 1, Prior Year Assessed Valuation	$1,996,753,456	1,942,808,874	1,916,532,140	1,835,686,620	1,800,186,719	1,838,634,691
		Tax Rate	0.6500	0.6500	0.6500	0.6500	0.6000	0.6200
		Tax Rate Group weighted average	0.4335	0.4564	0.4754	0.4663	0.4680	0.4734
		Tax Rate State Wide	0.4267	0.4243	0.4452	0.4321	0.4448	0.4566
		Assessment -to-Sales Ratio	82.81	87.95	90.83	94.52	98.22	99.87
		Assessment -to-Sales Ratio Group weighted average	92.44	89.99	90.63	93.35	94.44	95.74
		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	$2,411,246,777	2,208,992,466	2,110,021,072	1,942,114,494	1,832,810,750	1,841,028,027
		EffectiveTax Rate	0.5383	0.5717	0.5904	0.6144	0.5893	0.6192
		Group weighted average Effective Tax Rate	0.4007	0.4107	0.4309	0.4353	0.4419	0.4533
		Statewide weighted average Effective Tax Rate	0.3875	0.3756	0.3936	0.3987	0.4108	0.4209
		Percent Collected	95.11	95.32	95.09	95.03	95.20	94.79
		Percent Collected Group weighted average	97.32	97.39	97.23	97.48	97.36	96.78
		Percent Collected Statewide	97.78	97.64	97.59	97.55	97.42	97.31
		Percent Collected Excluding Motor Vehicles	97.22	97.69	97.88	97.58	97.77	97.09
		Percent Collected Excluding Motor Vehicles Group weighted average	97.92	98.34	98.30	98.54	98.42	97.92
		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	77.66	77.30	73.27	74.71	75.22	75.82
		Percent Collected Motor Vehicles Only Group weighted average	87.27	87.09	86.15	87.32	86.80	87.01
		Percent Collected Motor Vehicles Only Statewide weighted average	86.66	86.74	86.71	86.80	87.31	87.46
		Tax Uncollected	316,285	602,721	610,718	596,079	527,688	559,720
		Tax Rate Equivalent	0.0158	0.0310	0.0319	0.0325	0.0293	0.0304
		Dominant County: Wayne
	Debt Information
		Population Group	25,000 to 49,999	25,000 to 49,999	25,000 to 49,999	25,000 to 49,999	25,000 to 49,999	25,000 to 49,999
		Ratings:
		Fitch
		Moody's	A1	A1	A1	A1	A1	A1
		S & P	AA-	AA-	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	$17,134,489	19,207,077	21,324,948	23,448,378	25,598,441	22,776,734
		General Government GO Debt	5,620,511	6,062,923	2,835,052	3,121,622	3,411,559	2,113,266
		Total General Obligation Debt	22,755,000	25,270,000	24,160,000	26,570,000	29,010,000	24,890,000
		Per Capita	$604	677	646	696	753	646
		Total Per Capita for the Population Group	221	247	243	283	320	318
		Total Per Capita Statewide	455	456	478	495	505	548
		Total per Assessed Valuation Adjusted for Current Year Sales	0.9437%	1.1440%	1.1450%	1.3681%	1.5828%	1.3520%
		Total per Assessed Valuation Adjusted for Current Year Sales- Group Average	0.2012%	0.2539%	0.2706%	0.3405%	0.4122%	0.4305%
		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	$16,100,000	16,100,000	19,600,000	19,600,000	19,600,000	18,565,000

		Installment Sales Purchases and Lease Obligations
		--Enterprise	$5,686,946	1,443,902	1,550,857	0	0	0
		--General Government	6,556,033	7,156,374	8,048,442	4,663,556	5,268,701	1,303,694
		Total*	$12,242,979	8,600,275	9,599,300	4,663,556	5,268,701	1,303,694
		* The total only includes the contracts that require Local Government Commission approval.
		Revenue Bond Debt	$12,017,482	13,948,380	15,879,279	17,810,177	19,741,075	21,666,615


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		37,661	37,341	37,396	38,186	38,517	38,522

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	78,340,148	65,222,247	58,222,759	52,480,003	38,087,951	31,194,686
1.5B	FISCAL	Governmental Activities Liabilities	20,402,967	17,356,581	14,166,763	11,885,710	11,047,443	5,465,969
3.5A	SUMMARY	Business Type Activities Assets	81,376,246	85,557,878	88,837,051	87,910,036	89,902,811	88,361,251
3.5B		Business Type Activities Liabilties	32,303,864	36,301,138	40,320,538	42,867,764	46,414,281	45,550,836
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	12,502,285	12,268,670	11,819,050	11,405,024	10,474,578	10,193,246
11	TAX	Current collection of special tax districts	68,399	71,219	71,393	72,476	74,882	75,741
12	REVENUES	Prior years' levy collections	453,783	252,500	506,876	425,928	475,675	429,012
13		Penalties and interest	95,544	88,104	84,046	104,274	105,614	80,632
14		Collection of taxes previously written off
15		Animal tax
15.1		Solid Waste Disposal Tax	11,239
16		1% Local government sales and use tax	2,361,722	2,212,458	2,139,564	2,182,583	2,342,600	2,355,367
17		1/2% Local government sales and use taxes (Article 40)	1,264,526	1,406,353	1,421,924	1,251,851	1,137,016	1,020,874
18		1/2% Local government sales and use taxes (Article 42)	1,254,419	1,396,784	1,412,817	1,244,982	1,129,147	1,020,874
18.5		1/2% Local government sales and use taxes (Article 44)	734,459	1,096,366	1,097,103	1,044,640	1,011,680	973,079
19		Licenses Privilege						251,638
19.1		Privilege - Occupational & business licensing & permit taxes	267,663	271,201	259,342	257,033	257,627
19.2		Privilege -- All other privileges and pemits
20		General Municipal Vehicle Tax
21		Vehicle Tax for Public Transportation
22		Other licenses - Include CATV	377,109	356,795	284,296	270,468	275,402	247,875
23		Local occupancy tax	490,139	485,030	506,042	455,171	463,450	469,488
24		Prepared food tax
25		911 charges
26		Gross Receipts Tax on Short Term Vehicles Leases	32,413	31,244	35,451	29,740	28,895	31,366
27	FEDERAL	FEDERAL Payment in lieu of taxes
28	INTERGOV	Equitable sharing of Federally forfeited property
29	REVENUES	General government
30		Public safety	91,239	43,408	303,775	114,538	166,651	54,486
31		Transportation - Streets				31,412	598,609	501,020
32		Transportation - All other				160,143	152,551	74,482
33		Utility franchise tax
34		Housing/community development	429,848	426,148	519,410	35,057	28,482	24,843
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	64,657	74,610	55,179	76,159	75,495
40	INTERGOV	Controlled substance tax				16,876	36,116	37,024
41	REVENUES	Intangibles tax reimbursement + Transistional Hold Harmless Revenues
42		Wireless Enhanced 911 Service Charges
43		Piped Natural Gas Charge Distribution
44		Utility franchise tax	2,776,936	2,122,141	1,997,527	1,878,513	1,843,880	1,793,550
45		Beer and Wine tax	167,697	172,261	172,549	170,136	170,510	166,232
46		Powell Bill	1,108,216	1,241,196	1,133,928	1,166,680	1,177,122	1,072,467
47		Food stamp purchases tax reimbursement
48		Inventories tax reimbursements
49		Senior Citizens Exemption - 50%
50		Court fees - Facilities and arrest fees	30,692	25,864	26,248	31,958	25,813	25,183
51		General Government
52		Public safety	173,650	229,034	121,119			7,585
53		Transportation - Streets	32,215
54		Transportation - All other		43,201	78,621
55		Environmental protection
56		Econ. & Phys. Dev. - Housing/Comm. Dev.	378,940	552,210	410,552	1,066,993	543,998	1,071,068
57		Econ. & Phys. Dev. - All Other
58		Human Services: Health, mental health, hospitals	79,674	79,674	72,951
59		All Other
60		Culture and recreation					2,700	3,150
61	LOCAL	LOCAL Payment in lieu of taxes						91,157
62	INTERGOV	General government
63	REVENUES	Public safety				86,446	40,893	10,770
64		Transportatin - Streets	238,484	279,576	164,272
65		Transportation - All other					138,977	130,225
66		Environmental protection
67		Economic and physical development		1,606	1,535,157
68		Human Services: Health, Mental Health & Hosp				72,951	69,612	69,612
69		Human Services: All Other	30,000	30,000	30,000	30,000	30,000	30,000
70		Culture and recreation			12,374	29,704	34,901	32,860
71	PERMITS	Building permits	83,353	154,595	218,656	192,421	130,911	154,071
72	& FEES	Inspection fees	188,682	255,818	211,369	241,063	149,199	115,968
72.1		Amusements licensing and permit taxes
73		Other permits	90,462	100,161	89,102	66,620	29,222	27,221
74	SALES &	Parking revenues
75	SERVICES	Rents and royalties
76		Airport
77		Fire protection charges
78		Solid waste	2,440,859	2,369,056	2,276,846	2,251,753	2,257,166	2,126,970
79		Ambulance and rescue squad charges					735	8,587
80		Cemeteries	158,856	115,084	107,943	76,194	82,815	69,060
81		Recreation service revenues	711,315	708,071	633,106	669,857	716,743	715,511
82		Library service revenues
83		Other cultural and recreational service revenues
84		Mass transit - city operated
85		Other sales and services	32,567	20,570	26,140	39,326	28,314	31,437
86	UTILITY	Water and sewer charges	13,587,428	13,471,934	14,828,963	13,353,501	11,777,788	11,112,544
87	REVENUES	Electric charges
88		Gas charges
88.1		Storm Water Fees		1,900
89	MISC.	On bond proceeds
90	REVENUES	On general and all other funds	437,615	1,208,717	1,591,821	1,143,860	592,680	278,713
91		Special assessments
92		Private contribution and donations
93		Sales of materials and fixed assets	25,848	41,038	63,120	68,246	160,401	18,999
94		Sales of real property
95		Nongovernment contributions for streets and traffic signals
96		Mixed drink surcharge
97		ABC profit distribution	93,800	85,044	64,798	59,741	48,604	43,733
98		Other miscellaneous revenues	813,930	256,294	420,591	302,793	319,802	217,965
99		Proceeds of the sale of bonds and notes		3,500,000			5,965,000
100		Proceeds of capital leases and installment purchases	4,500,000	237,606	5,604,335	705,100		1,510,262
101		Other				7,407	895	2,278
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	-24,433	31,155	17,929	24,895	48,147	18,481
106		Deposits other than utility			180	13,507	11,384
107		Prepaid taxes
108		Prepaid privilege licenses
109A	PART 4	Governing body - Salaries	237,630	102,717	99,350	100,782	98,403	100,310
109B	GENERAL	Governing body - All other Direct	684,767	187,566	133,819	399,103	312,418	107,158
109C	GOVT	Governing body - Construction
109D		Governing body - Land, Equipment and Existing Structures						7,000
110A		Administration - Salaries	631,737	553,837	491,036	446,760	445,321	437,304
110B		Administration - All other Direct	761,428	677,589	545,233	888,240	492,537	579,730
110C		Administration - Construction
110D		Administration - Land, Equipment and Existing Structures		28,236	145,020	175,172	72,704	332,383
111A		Elections (cost of) - Salaries					657,487
111B		Elections (cost of) - All other Direct					-448,382
111C		Elections (cost of) - Construction
111D		Elections (cost of) - Land, Equipment and Existing Structures					13,526
112A		Finance - Salaries	677,297	729,116	687,122	689,418		631,799
112B		Finance - All other Direct	-403,166	-419,778	-411,939	-421,848		-273,132
112C		Finance - Construction
112D		Finance - Land, Equipment. and Existing Structures
113A		Taxes - Salaries
113B		Taxes - All other Direct
113C		Taxes - Construction
113D		Taxes - Land, Equipment, and Existing Structures
114A		Legal - Salaries
114B		Legal - All other Direct
114C		Legal - Construction
114D		Legal - Land, Equipment, and Existing Structures
115A		Public Buildings - Salaries	158,240	152,207	159,378	133,365	128,627	122,459
115B		Public Buildings - All other Direct	244,446	198,385	218,340	197,952	219,002	190,027
115C		Public Buildings - Construction
115D		Public Buildings - Land, Equipment, and Existing Structures				6,830
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	6,121,177	5,755,647	5,567,250	5,610,181	5,496,067	5,048,870
119B	SAFETY	Police and Communications - All other Direct	1,034,541	1,019,266	1,042,649	960,201	787,331	720,552
119C		Police and Communications - Construction
119D		Police and Communications - Land, Equipment and Existing Structures	76,577	47,103		245,640	164,940	167,507
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	4,432,469	4,195,475	3,908,460	3,825,199	3,724,048	3,503,447
122B		Fire - All other Direct	556,565	311,785	304,688	387,792	390,354	329,369
122C		Fire - Construction
122D		Fire - Land, Equipment, and Existing Structures	28,486	10,000	377,175			27,442
123A		Inspectors - Salaries	558,513	448,292	421,587	456,572	387,294	371,338
123B		Inspectors - All other Direct	237,566	207,724	142,560	146,491	207,636	103,882
123C		Inspectors - Construction
123D		Inspectors - Land, Equipment, and Existing Structures					11,124
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	50,823	49,187	45,925	44,593	43,042	42,003
125B		Animal Control - All other Direct	27,801	44,545	27,272	27,826	24,797	19,850
125C		Animal Control - Construction
125D		Animal Control - Land, Equipment, and Existing Structures
126A		Public Safety All Other - Salaries	1,086,867	1,050,468	1,008,382	990,257	962,910	897,090
126B		Public Safety All Other - All other Direct	185,344	192,961	211,180	174,266	184,031	-169,856
126C		Public Safety All Other - Construction
126D		Public Safety All Other - Land, Equipment, and Existing Structures			8,800	79,516		6,595
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	1,652,137	1,657,840	1,476,121	1,318,116	1,392,108	1,388,603
128B		Streets and Highways - All other Direct	-120,614	453,646	221,196		633,116	125,385
128C		Streets and Highways - Construction				966,167
128D		Streets and Highways - Land, Equipment and Existing Structures			11,062	41,959	14,126	368,471
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	1,132,166	1,291,881	1,179,047	1,197,376	631,324	1,080,859
130C		State Street Aid Allocation - Powell Bill - Construction
130D		State Street Aid Allocation - Powell Bill - Land, Equipment, and Existing Structures					253,185
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				337,353	250,000	150,000
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	2,000,562	1,871,703	1,750,804	1,685,768	1,653,639	1,595,729
136B	MENTAL	Solid Waste - All other Direct	846,664	756,919	739,881	696,124	659,074	585,191
136C	PROTECTION	Solid Waste - Construction
136D		Solid Waste - Land, Equipment, and Existing Structures	178,948	107,074	165,826	149,882	142,489	39,795
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	250,351	227,224	220,549	221,889	220,036	203,081
138B		Cemeteries - All other Direct	39,715	46,246	50,425	54,377	62,849	44,961
138C		Cemeteries - Construction
138D		Cemeteries - Land, Equipment, and Existing Structures						26,500
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	718,994	725,295	647,028	616,586	493,620	445,364
140B	& PHYSICAL	Planning and Zoning - All other Direct	984,128	584,740	368,156	373,144	369,825	550,615
140C	DEVELOP	Planning and Zoning - Construction
140D		Planning and Zoning - Land, Equipment, and Existing Structures	29,528		193,875	184,042	11,771
141A		Economic Development - Salaries
141B		Economic Development - All other Direct	1,218,427	2,086,612	2,038,897			215,199
141C		Economic Development - Construction		3,427,208	974,861	2,591,535	1,372,347
141D		Economic Development - Land, Equipment, and Existing Structures
142A		Community Development - Salaries	359,478	340,158	285,194	256,377	239,697	229,482
142B		Community Development - All other Direct	209,022	110,911	981,192	1,464,690	765,544	1,002,405
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	60,000			70,020	109,395	89,613
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	1,892,564	1,791,129	1,641,545	1,603,115	1,581,555	1,508,629
153B	RECREATION	Recreation and Parks - All other Direct	864,900	688,903	859,769	828,758	905,743	812,104
153C		Recreation and Parks - Construction
153D		Recreation and Parks - Land, Equipment, and Existing Structures	279,159	17,901	600,795	90,686	274,005	286,940
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					5,000	2,500
155C		Museums - Construction
155D		Museums - Land, Equipment, and Existing Structures
156A		Libraries - Salaries
156B		Libraries - All other Direct	174,015	174,015	174,014	192,814	183,735	177,650
156C		Libraries - Construction
156D		Libraries - Land, Equipment, and Existing Structures
157A		Culture and Recreation - All Other - Salaries				71,714	89,718	67,496
157B		Human Services - All Other - All other Direct	15,000	263,250	11,528	52,222	6,310	5,703
157C		Human Services - All Other - Construction
157D		Human Services - All Other - Land, Equipment, and Existing Structures	4,500,000
158A	UTILITY	Water and Sewer - Salaries	3,013,059	2,805,600	2,485,639	2,513,620	2,293,031	2,107,010
158B		Water and Sewer - All other Direct	6,269,834	5,986,393	4,378,733	4,284,103	4,286,335	4,408,396
158C		Water and Sewer - Construction	61,725	468,288	3,732,369	1,368,272	1,642,208	1,004,246
158D		Water and Sewer - Land, Equipment, and Existing Structures	814,049	795,247	449,151	232,207	182,361	665,212
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	1,278,105	1,309,858	1,384,650	1,650,966	1,535,926	2,010,597
161D	SERVICE	Water and Sewer - Debt Service Principal Payments	4,106,995	4,152,140	4,109,015	4,035,962	4,346,542	2,612,475
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	338,011	483,920	307,088	337,845	214,985	54,275
166D		All Other - Debt Service Principal Payments	1,383,425	1,330,752	1,075,199	1,068,508	877,026	718,445
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)	214,977	203,349	201,359	201,294	200,222	126,186
172B		Fringe Benefits Other - (B)
173A		Multi-County Library District, County, or Other Municipality Authority
173B	INTERGOV	Multi-County Library District, County, or Other Municipality (Item number)
173C	EXPEND	Multi-County Library District, County, or Other Municipality (Amount)
174A		General Governmental Actitivies shared with the County (County)
174B		General Governmental Actitivies shared with the County (Item number)
174C		General Governmental Actitivies shared with the County (Amount)
175A		Highways (Payments to State) (State)
175B		Highways (Payments to State) (Item number)
175C		Highways (Payments to State) (Amount)
176A		Others - Name of Payee #1
176B		Others - 1 (B)
176C		Others - 1 (C)
177A		Others - Name of Payee #2
177B		Others - 2 (B)
177C		Others - 2 (C)
178A		Others - Name of Payee #3
178B		Others - 3 (B)
178C		Others - 3 (C)
179	PART 6	Current Year Levy Excluding Motor Vehicles	11,729,651	11,373,184	11,017,957	10,663,639	9,752,208	9,592,914
180	OTHER	Current Year Levy Motor Vehicles Only	1,415,448	1,498,207	1,411,811	1,337,464	1,250,058	1,160,052
181	DATA	Uncollected Taxes - Current Year's Levy - Excluding Motor Vehicles	326,624	262,605	233,358	257,856	217,876	279,206
182		Uncollected Taxes - Current Year's Levy - Motor Vehicles	316,190	340,116	377,360	338,223	309,812	280,514
183		Percentage of Taxes Collected - Current Year All Property	95.11	95.32	95.09	95.03	95.20	94.79
184		Percentage of Taxes Collected - Current Year - Excluding Motor Vehicles	97.22	97.69	97.88	97.58	97.77	97.09
185		Percentage of Taxes Collected - Current Year - Motor Vehicles	77.66	77.30	73.27	74.71	75.22	75.82
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	24,872,138	29,310,310	29,995,366	26,064,674	28,480,349	17,467,880
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	49,102,222	47,783,541	52,408,356	42,949,618	45,331,154	38,778,225
194B	FISCAL	Amounts - Subtract proceeds of refunding debt
194C	SUMMARY	Amounts - Subtract interfund transfers in	421,559			60,000	158,003
194D		Amounts - Net Revenues per AFIR	48,680,663	47,783,541	52,408,356	42,889,618	45,173,151	38,778,225
		Calculated amount	48,680,663	47,783,541	52,408,356	42,889,618	45,173,151	38,778,225
		Amounts in AGREEMENT??	Yes	Yes	Yes	Yes	Yes	Yes
		Difference
195A		Amounts - Total Expenditures and other financing sources per audit	52,575,991	49,700,530	47,848,255	46,381,799	42,432,067	38,012,244
195B		Amounts - Subtract payments to refunding debt escrow agent
195C		Amounts - Subtract interfund transfers out	421,559			60,000	158,003
195D		Amounts Net Expenditures per AFIR	52,154,432	49,700,530	47,848,255	46,321,799	42,274,064	38,012,244
		Calculated amount	52,154,432	49,700,530	47,848,255	46,321,799	42,274,064	38,012,244
		Amounts in AGREEMENT??	Yes	Yes	Yes	Yes	Yes	Yes
		Difference

	PART 10

950		Name of Official Signatory	Kaye A Scott
951		Title of Official	Finance Officer
952		Date Certified	12/01/2009	12/05/2008	12/10/2007
953		Person to Contact	Kaye A Scott
954		Title of Person to Contact	Finance Officer
955		Telephone Number	919-580-4354
956		Facsimile Number	919-580-4290

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

	2009	2008	2007	2006	2005	2004

Population	37,661	37,341	37,396	38,186	38,517	38,522
Population Group	No Electric 10,000 to 49,999	No Electric 10,000 to 49,999	No Electric 10,000 to 49,999	No Electric 10,000 to 49,999	No Electric 10,000 to 49,999	No Electric 10,000 to 49,999
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	15	31	8	0
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!	81.68%	84.69%	127.82%	0.00%	#DIV/0!
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!	18.32%	15.31%	-27.82%	100.00%	#DIV/0!
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!	-6.46%	0.00%	-8.29%	0.00%	#DIV/0!
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!	358.71%	634.58%	212.07%	1026.66%	#DIV/0!
State Weighted Average	968.20%	480.53%	1193.75%	778.98%	531.01%	2097.68%

Key Ratios and Cash Flow

Quick Ratio	2.06	2.02	2.40	1.80	1.73	1.73
Group Weighted Average	3.11	3.21	3.22	3.18	3.04	3.26
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	N/A	N/A	0.0
Group Weighted Average	#DIV/0!	31.7	49.3	46.0	135.5	0.0
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	-170.8	-186.5	-4.7	-105.1	-260.4	-92.5
State Weighted Average	-46.5	-344.5	-221.9	-343.5	-346.7	-208.8

Cash flow from Operations	$3,335,876	5,395,608	6,472,981	6,357,470	6,823,286	3,263,867

Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.00
Group Weighted Average	#DIV/0!	2.28	12.23	1.96	1.22	#DIV/0!
State Weighted Average	27.79	3.77	5.74	3.82	2.36	3.93

Debt per Capita	0	916	0	0	0	0
Group Weighted Average	77	325	217	295	220	58
State Weighted Average	754	535	335	660	675	266

Capital Expenditures:	2009	2008	2007	2006	2005	2004
	$875,774	1,263,535	4,181,520	1,600,479	1,824,569	1,669,458

	2003	2002	2001	2000
	$6,832,424	20,750,568	5,070,712	2,741,676

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


Operating Statistics

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

Number of Gallons of Water Processed (000) omitted	1,911	0	0	NA	NA	NA
Number of Gallons of Sewage Processed (000) omitted	2,131	0	0	NA	NA	NA

Number of Gallons of Water Billed (000) omitted	1,321	13,052	0	NA	NA	NA
Number of Gallons of Sewage Billed (000) omitted	1,543	16,936	0	NA	NA	NA

Ratio of Water Billed to Water Processed	0.69126			NA	NA	NA
Ratio of Sewage Billed to Sewage Processed	0.72407			NA	NA	NA

Total Revenue from Water Sales	3,967,218	3,661,697	0	NA	NA	NA
Total Revenue from Sewage Sales	8,494,639	6,881,475	0	NA	NA	NA

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

Group Average Sales per thousand Gallons Water	$43.89276	$8,202.96943	$14,778.61260	NA	NA	NA
Group Average Sales per thousand Gallons Sewage	$61.27470	$6,820.24527	$15,323.42368	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	$3,212.37627	309.57669		NA	NA	NA
Residential Sewage Sales per thousand Gallons	$4,948.97789	491.31298		NA	NA	NA

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

Go to top of page

Analysis of Available Fund Balance: General Fund

	2005	2006	2007	2008	2009
Unit's FBA %	31.32%	31.31%	33.37%	23.82%	19.30%
Group average FBA %	37.21%	38.05%	40.44%	43.40%	41.08%
State average Electric/Non Electric Group FBA %	36.82%	37.38%	37.38%	36.63%	37.77%
State average FBA %	36.78%	36.96%	37.21%	36.34%	37.00%

Municipal Population Group: No Electric 10,000 to 49,999

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2005 2006 2007 2008 2009

Municipality 95.20% 95.03% 95.09% 95.32% 95.11%

Pop. Group 97.36% 97.48% 97.23% 97.39% 97.32%

Statewide 97.42% 97.55% 97.59% 97.64% 97.78%

Municipal Population Group: No Electric 10,000 to 49,999

	2005	2006	2007	2008	2009
Municipality	95.20%	95.03%	95.09%	95.32%	95.11%
Pop. Group	97.36%	97.48%	97.23%	97.39%	97.32%
Statewide	97.42%	97.55%	97.59%	97.64%	97.78%

Municipal Population Group: No Electric 10,000 to 49,999

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2005 2006 2007 2008 2009

Municipality 753 696 646 677 604

Pop. Group 320 283 243 247 221

Statewide 505 495 478 456 455

Municipal Population Group: 25,000 to 49,999

	2005	2006	2007	2008	2009
Municipality	753	696	646	677	604
Pop. Group	320	283	243	247	221
Statewide	505	495	478	456	455

Municipal Population Group: 25,000 to 49,999

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2005 2006 2007 2008 2009

Property Tax $287 313 332 338 347

Utility 306 350 397 361 361

Sales Tax 146 149 162 164 148

Sales & Services 80 80 81 86 89

Intergovernmental 133 130 177 142 149

Debt Proceeds 155 18 150 100 119

Other Miscellaneous 66 83 102 89 79

Total $1,173 1,123 1,401 1,280 1,292

	2005	2006	2007	2008	2009
Property Tax	$287	313	332	338	347
Utility	306	350	397	361	361
Sales Tax	146	149	162	164	148
Sales & Services	80	80	81	86	89
Intergovernmental	133	130	177	142	149
Debt Proceeds	155	18	150	100	119
Other Miscellaneous	66	83	102	89	79
Total	$1,173	1,123	1,401	1,280	1,292

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2009
2009

Category Revenue
Per Capita

Property Tax $13,051,612
$347

Water/Sewer 13,587,428
361

Electric 0
0

Other Utilities 0
0

Sales Tax 5,615,126
148

Sales & Services 3,343,597
89

Intergovernment 5,602,248
149

Debt Proceeds 4,500,000
119

Miscellaneous 2,969,413
79

Total $48,669,424
$1,292

Municipal Population Group: No Electric 10,000 to 49,999

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2009
2009

Category Expenditures
Per Capita

General Government $2,992,379
$79

Water/Sewer 10,158,667
270

Electric 0
0

Other Utilities 0
0

Debt Service 7,106,536
189

Transportation 2,663,689
71

Public Safety 14,611,706
388

Other 14,621,455
388

Total $52,154,432
$1,385

Municipal Population Group: No Electric 10,000 to 49,999

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2009
2009

Category Expenditures
Per Capita

Salaries & Wages $23,841,898
$633

Water/Sewer Capital 875,774
23

Electric Capital 0
0

Other Capital 5,092,698
135

Other Operating 22,344,062
594

Total $52,154,432
$1,385

Municipal Population Group: No Electric 10,000 to 49,999

Last Updated 6/11/2010 9:46:22 AM



	2009	2009
Category	Revenue	Per Capita
Property Tax	$13,051,612	$347
Water/Sewer	13,587,428	361
Electric	0	0
Other Utilities	0	0
Sales Tax	5,615,126	148
Sales & Services	3,343,597	89
Intergovernment	5,602,248	149
Debt Proceeds	4,500,000	119
Miscellaneous	2,969,413	79
Total	$48,669,424	$1,292

Municipal Population Group: No Electric 10,000 to 49,999

North CarolinaDepartment of State TreasurerFinancial InformationCity of Goldsboro

Financial Graphs and Comparisons

North Carolina
Department of State Treasurer
Financial Information
City of Goldsboro