North Carolina
Department of State Treasurer
Financial Information
Town of Huntersville

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			2008	2007	2006	2005	2004	2003
	Revenues by Source
		Property Tax	$13,461,494	11,912,414	10,655,382	9,949,426	9,431,009	8,574,815
		Utility	9,308,061	7,355,631	7,140,993	6,343,750	6,296,981	5,719,111
		Sales Tax	3,301,146	3,039,139	2,832,418	2,793,482	2,221,014	1,591,681
		Sales & Services	2,634,510	1,999,119	1,810,218	1,582,253	1,494,021	1,218,887
		Intergovernmental	5,003,499	4,919,191	4,177,430	2,803,584	3,147,812	2,825,092
		Debt Proceeds	5,297,449	426,300	244,206	9,210,864	80,118	135,985
		Other Miscellaneous	3,863,030	4,109,204	3,759,493	2,980,176	2,164,351	1,929,170
		Total	$42,869,189	33,760,998	30,620,140	35,663,535	24,835,306	21,994,741

	Expenditures by Function
		Utility	$8,849,310	7,702,300	6,647,569	6,994,485	5,751,875	4,911,099
		Debt Service	2,070,045	2,119,592	2,293,117	1,694,361	1,294,253	1,367,864
		Transportation	5,091,297	4,248,414	4,634,300	3,070,716	2,614,053	2,906,494
		General Government	5,470,171	2,752,133	2,793,601	1,280,219	898,354	862,393
		Public Safety	9,038,852	7,713,283	6,314,105	4,823,621	4,889,110	4,324,119
		Other	8,150,195	9,195,812	5,991,407	9,605,194	4,576,624	4,115,615
		Total	$38,669,870	33,731,534	28,674,099	27,468,596	20,024,269	18,487,584

	Expenditures by Object
		Salaries & Wages	$7,443,309	6,254,052	5,470,875	4,804,407	4,382,410	4,003,469
		Capital Outlay	8,230,957	7,062,080	5,322,641	8,439,907	2,427,373	1,850,537
		Other Operating + Debt Service	22,995,604	20,415,402	17,880,583	14,224,282	13,214,486	12,633,578
		Total	$38,669,870	33,731,534	28,674,099	27,468,596	20,024,269	18,487,584


	Per Capita Revenues by Source
		Property Tax	$343	347	337	324	321	306
		Utility	238	214	226	207	214	204
		Sales Tax	84	88	89	92	75	57
		Sales & Services	67	58	57	52	51	44
		Intergovernmental	128	143	132	91	107	101
		Debt Proceeds	135	12	8	300	3	5
		Other Miscellaneous	99	120	119	97	74	69
		Total	$1,094	982	968	1,163	845	786

	Per Capita Expenditures by Function
		Utility	$226	224	210	228	196	175
		Debt Service	53	62	72	55	44	49
		Transportation	130	124	146	100	89	104
		General Government	139	80	89	43	30	31
		Public Safety	231	224	200	157	166	155
		Other	208	268	189	313	156	147
		Total	$987	982	906	896	681	661

	Per Capita Expenditures by Object
		Salaries & Wages	$190	182	173	157	149	143
		Capital Outlay	210	206	168	275	83	66
		Other Operating	587	594	565	464	449	452
		Total	$987	982	906	896	681	661

	Population Group		Electric 10,000 to 49,999	Electric 10,000 to 49,999	Electric 10,000 to 49,999	Electric 10,000 to 49,999	Electric 10,000 to 49,999	Electric 10,000 to 49,999
		Number of Municipalites in Group	22	22	22	22	22	21
		Average Population In Group	22,003	21,233	20,452	19,944	19,612	19,604
		Town of Huntersville Population	39,191	34,365	31,646	30,664	29,387	27,984
	Group Average Per Capita Revenues by Source
		Property Tax	346	353	344	334	321	311
		Utility	1,796	1,836	1,894	1,821	1,793	1,778
		Sales Tax	146	155	150	146	137	117
		Sales & Services	104	104	97	90	88	89
		Intergovernmental	163	183	211	242	181	234
		Debt Proceeds	261	201	125	105	123	143
		Other Miscellaneous	142	178	155	142	117	126
		Total	2,958	3,010	2,976	2,880	2,760	2,798

	Group Average Per Capita Expenditures by Function
		Utility	1,805	1,817	1,915	1,864	1,781	1,747
		Debt Service	139	136	192	151	143	131
		Transportation	114	116	119	123	122	92
		General Government	150	134	135	131	117	107
		Public Safety	372	374	363	348	334	316
		Other	337	290	269	278	272	300
		Total	2,917	2,867	2,993	2,895	2,769	2,693

	Group Average Per Capita Expenditures by Object
		Salaries & Wages	590	586	561	551	531	512
		Capital Outlay	406	329	352	387	314	278
		Other Operating	1,921	1,952	2,080	1,957	1,924	1,903
		Total	2,917	2,867	2,993	2,895	2,769	2,693


General Fund Go to top of page			2008	2007	2006	2005	2004	2003
	General Fund revenues		$23,230,847	21,092,174	18,530,828	17,817,618	16,412,387	14,395,521
	General Fund expenditures		19,719,177	18,297,428	16,449,587	13,340,880	11,341,501	10,682,510
	Operating transfers in		-	-	-	-	-	-
	Operating transfers out		958,688	479,319	614,959	501,234	157,800	205,908
	Capital leases and installment purchase proceeds		291,035	426,300	244,206	210,864	80,118	135,985
	Other items		-	-	-	-	-	-
	Excess of revenues and other sources over (under) expenditures and other uses		2,844,017	2,741,727	1,710,488	4,186,368	4,993,204	3,643,088

	Fund balance available (FBA):
		In dollars	$16,658,689	16,668,367	15,031,417	13,917,413	11,988,021	8,547,979
		FBA as a % of GF Net Expenditures:
		Unit's FBA %	81.71	90.83	89.36	102.10	104.98	79.50
		Group weighted average FBA %	38.75	37.01	40.17	41.78	41.23	43.15
		State weighted average Electric Group	35.36	34.02	35.69	36.30	36.12	34.92
		State weighted average FBA %	36.20	36.37	36.31	36.76	36.35	36.06


Enterprise Funds: Go to top of page
	Electric, Other

	Combined financial results:
		Working capital	($2,772,871)	(3,131,692)	(2,610,568)	(3,047,753)	(2,033,951)	(1,750,185)
		Quick ratio	2.45	2.68	3.33	3.16	3.93	3.70
		Net income	1,617,824	541,885	1,408,914	987,028	401,026	252,473
		Cashflow from operations	1,567,655	1,436,565	1,441,668	1,659,669	1,272,734	1,275,263
		Depreciation & Amortization Expense	508,821	459,024	412,580	355,063	312,954	300,612



Cash, Investments and Financing Go to top of page			2008	2007	2006	2005	2004	2003

		Population at July 1st of the Previous Year	39,191	34,365	31,646	30,664	29,387	27,984
		Population Group	Electric 10,000 to 49,999	Electric 10,000 to 49,999	Electric 10,000 to 49,999	Electric 10,000 to 49,999	Electric 10,000 to 49,999	Electric 10,000 to 49,999
		Cash &Investments	$29,564,657	24,801,422	22,146,239	24,144,919	15,953,522	11,842,937
		Investment Earnings	969,681	1,189,131	807,362	465,467	103,990	133,959
		Tax Rate Equivalent	0.0220	0.0291	0.0212	0.0131	0.0032	0.0048
		Tax Rate Equivalent Group weighted average	0.0707	0.0793	0.0520	0.0389	0.0164	0.0347
		Tax Rate Equivalent Statewide weighted average	0.0524	0.0920	0.0573	0.0415	0.0340	0.0332
		Latest year of Revaluation	2003	2003	2003	2003	2003	1998
		January 1, Prior Year Assessed Valuation	$4,411,920,939	4,086,235,372	3,807,022,819	3,563,080,373	3,242,515,718	2,789,295,142
		Tax Rate	0.2900	0.2900	0.2800	0.2800	0.3120	0.3120
		Tax Rate Group weighted average	0.4498	0.4454	0.4425	0.4388	0.4540	0.4506
		Tax Rate State Wide	0.4254	0.4455	0.4321	0.4448	0.4566	0.4594
		Assessment -to-Sales Ratio	87.33	93.76	95.06	95.80	98.08	87.61
		Assessment -to-Sales Ratio Group weighted average	87.55	90.13	92.19	94.05	93.71	91.03
		Assessment -to-Sales Ratio Statewide	88.52	88.41	92.28	92.35	92.18	89.54
		Assessed Valuation Adjusted for Assesment to Sales Ratio	$5,052,010,694	4,358,186,190	4,004,863,054	3,719,290,577	3,305,990,740	3,183,763,431
		EffectiveTax Rate	0.2533	0.2719	0.2662	0.2682	0.3060	0.2733
		Group weighted average Effective Tax Rate	0.3938	0.4015	0.4080	0.4127	0.4254	0.4102
		Statewide weighted average Effective Tax Rate	0.3765	0.3939	0.3987	0.4108	0.4209	0.4113
		Percent Collected	95.99	95.95	96.06	98.20	98.13	98.10
		Percent Collected Group weighted average	97.36	96.51	96.74	97.03	96.47	96.25
		Percent Collected Statewide	97.97	97.59	97.55	97.42	97.31	96.96
		Percent Collected Excluding Motor Vehicles	96.95	97.06	97.16	98.85	98.78	98.77
		Percent Collected Excluding Motor Vehicles Group weighted average	98.03	97.73	98.00	98.16	97.63	97.67
		Percent Collected Excluding Motor Vehicles Statewide weighted average	98.66	98.59	98.61	98.36	98.26	98.31
		Percent Collected Motor Vehicles Only	87.15	86.22	86.73	92.40	92.41	92.29
		Percent Collected Motor Vehicles Only Group weighted average	83.94	84.21	85.28	86.42	85.54	85.42
		Percent Collected Motor Vehicles Only Statewide weighted average	86.74	86.71	86.80	87.31	87.62	86.69
		Tax Uncollected	164,081	484,427	430,953	181,687	178,842	165,083
		Tax Rate Equivalent	0.0037	0.0119	0.0113	0.0051	0.0055	0.0059
		Dominant County: Mecklenburg
	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	Aa2
		S & P	AA

		General Obligation Debt (GO) where the taxing power of the entrire municipality is pledged to pay the obligation
		Enterprise GO Debt	$0	0	0	0	0	0
		General Government GO Debt	9,070,000	4,320,000	4,575,000	4,825,000	0	0
		Total General Obligation Debt	9,070,000	4,320,000	4,575,000	4,825,000	0	0
		Per Capita	$231	126	145	157	0	0
		Total Per Capita for the Population Group	247	243	283	320	318	#N/A
		Total Per Capita Statewide	456	478	495	505	548	#N/A
		Total per Assessed Valuation Adjusted for Current Year Sales	0.1795%	0.0991%	0.1142%	0.1297%	0.0000%	0.0000%
		Total per Assessed Valuation Adjusted for Current Year Sales- Group Average	0.2539%	0.2706%	0.3405%	0.4122%	0.4305%	#N/A
		Total per Assessed Valuation Adjusted for Current Year Sales - Statewide	0.4131%	0.4706%	0.5275%	0.5588%	0.6442%	#N/A
		Total Authorized but not Issued General Obligation Debt	$10,000,000	15,000,000	15,000,000	15,000,000	20,000,000

		Installment Sales Purchases and Lease Obligations
		--Enterprise	$699,725	849,472	991,847	1,127,213	1,255,917	1,378,285
		--General Government	9,159,316	10,127,843	11,078,129	12,010,908	8,660,376	9,293,773
		Total*	$9,859,041	10,977,315	12,069,975	13,138,121	9,916,293	10,672,058
		* The total only includes the contracts that require Local Government Commission approval.
		Revenue Bond Debt	$0	0	0	0	0	0


Annual Financial Information Report Detail Go to top of page
Line	Section	Description	2008	2007	2006	2005	2004	2003
	Population at July 1st of the Previous Year Adjusted for Boundry Changes		39,191	34,365	31,646	30,664	29,387	27,984

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	93,131,435	80,959,402	53,704,381	47,382,866	32,275,192	26,468,706
1.5B	FISCAL	Governmental Activities Liabilities	19,760,097	16,281,008	15,188,923	14,852,273	6,244,913	6,665,636
3.5A	SUMMARY	Business Type Activities Assets	19,095,635	17,647,137	17,432,023	16,344,456	15,666,925	15,572,915
3.5B		Business Type Activities Liabilties	4,489,334	4,658,660	4,985,431	5,306,778	5,616,275	5,923,291
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	13,317,164	11,793,063	10,588,983	9,876,599	9,316,063	8,509,878
11	TAX	Current collection of special tax districts
12	REVENUES	Prior years' levy collections	95,331	77,685	31,014	46,100	79,426	37,878
13		Penalties and interest	48,999	41,666	35,385	26,727	35,520	27,059
14		Collection of taxes previously written off
15		Animal tax
16		1% Local government sales and use tax	1,702,209	1,568,683	1,445,547	1,537,327	1,194,016	915,013
17		1/2% Local government sales and use taxes (Article 40)	496,832	456,612	406,833	370,462	309,050	261,079
18		1/2% Local government sales and use taxes (Article 42)	489,449	449,934	401,507	364,819	303,523	257,756
18.5		1/2% Local government sales and use taxes (Article 44)	612,656	563,910	578,531	520,874	414,425	157,833
19		Licenses Privilege
19.1		Privilege - Occupational & business licensing & permit taxes
19.2		Privilege -- All other privileges and pemits
20		General Municipal Vehicle Tax
21		Vehicle Tax for Public Transportation
22		Other licenses - Include CATV	64,864	225,721	278,169	176,508	175,218	143,463
23		Local occupancy tax	519,917	503,941	500,784	415,314	379,280	331,203
24		Prepared food tax	605,622	531,114	364,902	295,991	258,951	252,668
25		911 charges					4	152,846
26		Gross Receipts Tax on Short Term Vehicles Leases	115,627	57,616	11,276	4,015	4,126	2,376
27	FEDERAL	FEDERAL Payment in lieu of taxes
28	INTERGOV	Equitable sharing of Federally forfeited property
29	REVENUES	General government		254,120	495,880
30		Public safety
31		Transportation - Streets	20,000	15,000	5,000			146,810
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	28,500
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	1,798,178	1,669,212	1,120,347	1,049,701	1,139,367	912,554
45		Beer and Wine tax	158,299	145,524	135,441	130,075	120,184	113,941
46		Powell Bill	1,111,308	911,331	895,003	866,876	755,133	796,000
47		Food stamp purchases tax reimbursement
48		Inventories tax reimbursements
49		Senior Citizens Exemption - 50%
50		Court fees - Facilities and arrest fees
51		General Government
52		Public safety				34,953	17,229	34,903
53		Transportation - Streets						48,937
54		Transportation - All other
55		Environmental protection
56		Econ. & Phys. Dev. - Housing/Comm. Dev.	8,000
57		Econ. & Phys. Dev. - All Other	646,713	614,636	570,971	677,731	531,413	437,713
58		Human Services: Health, mental health, hospitals
59		All Other
60		Culture and recreation	108,825	547,753	66,600	4,391	123,153
61	LOCAL	LOCAL Payment in lieu of taxes					333,333	333,333
62	INTERGOV	General government	883,676	520,731	643,661
63	REVENUES	Public safety	240,000	240,884	244,527	2,202		901
64		Transportatin - Streets
65		Transportation - All other				37,655	128,000
66		Environmental protection
67		Economic and physical development
68		Human Services: Health, Mental Health & Hosp
69		Human Services: All Other
70		Culture and recreation
71	PERMITS	Building permits
72	& FEES	Inspection fees
72.1		Amusements licensing and permit taxes
73		Other permits	61,555	64,013	74,403	79,968	52,034	54,208
74	SALES &	Parking revenues
75	SERVICES	Rents and royalties
76		Airport
77		Fire protection charges
78		Solid waste	508,342
79		Ambulance and rescue squad charges
80		Cemeteries
81		Recreation service revenues	2,043,908	1,916,859	1,747,958	1,519,993	1,431,761	1,156,627
82		Library service revenues
83		Other cultural and recreational service revenues
84		Mass transit - city operated
85		Other sales and services	82,260	82,260	62,260	62,260	62,260	62,260
86	UTILITY	Water and sewer charges
87	REVENUES	Electric charges	9,308,061	7,355,631	7,140,993	6,343,750	6,296,981	5,719,111
88		Gas charges
88.1		Storm Water Fees
89	MISC.	On bond proceeds	97,180	201,553	241,905
90	REVENUES	On general and all other funds	969,681	1,189,131	807,362	465,467	103,990	133,959
91		Special assessments
92		Private contribution and donations	35,504	4,025
93		Sales of materials and fixed assets	15,738	2,067
94		Sales of real property
95		Nongovernment contributions for streets and traffic signals
96		Mixed drink surcharge
97		ABC profit distribution	44,625	42,500	42,500	40,000	39,900	32,000
98		Other miscellaneous revenues	1,332,717	1,287,523	1,438,192	1,502,913	1,150,848	826,447
99		Proceeds of the sale of bonds and notes	5,006,414			5,000,000
100		Proceeds of capital leases and installment purchases	291,035	426,300	244,206	4,210,864	80,118	135,985
101		Other
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
106		Deposits other than utility
107		Prepaid taxes
108		Prepaid privilege licenses
109A	PART 4	Governing body - Salaries	36,050	38,550	37,350	35,600	18,428	18,428
109B	GENERAL	Governing body - All other Direct	415,247	636,287	54,989	32,319	4,886	2,046
109C	GOVT	Governing body - Construction	478,066	477,177
109D		Governing body - Land, Equipment and Existing Structures	2,920,829	375,662	1,284,897
110A		Administration - Salaries	933,385	687,559	645,838	563,919	474,594	462,224
110B		Administration - All other Direct	678,927	536,898	500,214	315,633	400,446	306,458
110C		Administration - Construction
110D		Administration - Land, Equipment and Existing Structures	7,667		270,313	72,509		73,237
111A		Elections (cost of) - Salaries
111B		Elections (cost of) - All other Direct
111C		Elections (cost of) - Construction
111D		Elections (cost of) - Land, Equipment and Existing Structures
112A		Finance - Salaries
112B		Finance - All other Direct
112C		Finance - Construction
112D		Finance - Land, Equipment. and Existing Structures
113A		Taxes - Salaries
113B		Taxes - All other Direct
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
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				260,239
118C		General Government All Other - Construction
118D		General Government All Other - Land, Equipment, and Existing Structures
119A	PUBLIC	Police and Communications - Salaries	4,112,877	3,308,752	2,911,079	2,588,351	2,419,083	2,244,863
119B	SAFETY	Police and Communications - All other Direct	2,837,021	2,350,387	1,580,849	1,047,661	1,478,017	1,225,518
119C		Police and Communications - Construction
119D		Police and Communications - Land, Equipment and Existing Structures	458,751	548,465	522,041	283,708	135,204	135,985
120A		Emergency Communications - Salaries
120B		Emergency Communications - All other Direct	277,043	193,316	340,201	196,572	160,696	153,170
120C		Emergency Communications - Construction
120D		Emergency Communications - Land, Equipment and Existing Structures	13,967	75,936			31,910	52,923
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
122B		Fire - All other Direct	1,035,595	809,720	630,316	443,460	420,200	334,150
122C		Fire - Construction	28,087	11,000
122D		Fire - Land, Equipment, and Existing Structures
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	252,212	229,070	165,100	137,500	125,000	68,250
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	500,160	526,775	443,049	373,878	291,764	256,094
128B		Streets and Highways - All other Direct	3,073,691	2,752,826	2,789,923	1,605,568	1,495,984	1,798,339
128C		Streets and Highways - Construction		182,633			199,202	178,247
128D		Streets and Highways - Land, Equipment and Existing Structures	1,037,603	292,848	315,490	288,391	125,151	71,702
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
130C		State Street Aid Allocation - Powell Bill - Construction	479,843	493,332	1,085,838	802,879	501,952	602,112
130D		State Street Aid Allocation - Powell Bill - Land, Equipment, and Existing Structures
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	205,642	264,799	185,692	162,300	119,437	107,128
137C		Drainage and Watershed - Construction	112,496	2,404	42,663	46,047	18,312	72,185
137D		Drainage and Watershed - Land, Equipment, and Existing Structures				34,098
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	501,151	458,144	389,131	299,550	289,849	245,768
140B	& PHYSICAL	Planning and Zoning - All other Direct	384,750	495,539	308,085	280,920	181,831	312,421
140C	DEVELOP	Planning and Zoning - Construction
140D		Planning and Zoning - Land, Equipment, and Existing Structures	7,667		96	3,100	5,850
141A		Economic Development - Salaries	153,213	155,313	101,153	117,760	82,660
141B		Economic Development - All other Direct	189,665	187,590	29,206	26,957	17,689
141C		Economic Development - Construction
141D		Economic Development - Land, Equipment, and Existing Structures				3,969,633
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				43,240
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	817,829	750,420	677,797	595,254	528,610	503,536
153B	RECREATION	Recreation and Parks - All other Direct	4,680,993	3,690,778	3,683,914	3,183,652	2,857,796	2,639,256
153C		Recreation and Parks - Construction	1,058,434	3,080,575			122,528
153D		Recreation and Parks - Land, Equipment, and Existing Structures	38,355	110,250	573,670	754,330	281,687	174,087
154A		Coliseum - Salaries
154B		Coliseum - All other Direct
154C		Coliseum - Construction
154D		Coliseum - Land, Equipment, and Existing Structures
155A		Museums - Salaries
155B		Museums - All other Direct
155C		Museums - Construction
155D		Museums - Land, Equipment, and Existing Structures
156A		Libraries - Salaries
156B		Libraries - All other Direct
156C		Libraries - Construction
156D		Libraries - Land, Equipment, and Existing Structures
157A		Culture and Recreation - All Other - Salaries
157B		Human Services - All Other - All other Direct
157C		Human Services - All Other - Construction
157D		Human Services - All Other - Land, Equipment, and Existing Structures
158A	UTILITY	Water and Sewer - Salaries
158B		Water and Sewer - All other Direct
158C		Water and Sewer - Construction
158D		Water and Sewer - Land, Equipment, and Existing Structures
159A		Electric Power - Salaries	388,644	328,539	265,478	230,095	277,422	272,556
159B		Electric Power - All other Direct	6,871,474	5,961,963	5,154,458	4,579,178	4,468,876	4,148,484
159C		Electric Power - Construction	1,589,192	1,411,798	1,227,633	2,185,212	1,005,577	490,059
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
161D	SERVICE	Water and Sewer - Debt Service Principal Payments
162B		Electric - Debt Service Interest Payments	189,827	189,828	189,828	189,827	189,827	215,844
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	1,880,218	1,929,764	2,103,289	1,504,534	1,104,426	1,152,020
166D		All Other - Debt Service Principal Payments
167B	PENSION	Direct Benefit Program - Pension Fund operated by the Unit
168B	FRINGE	Fringe Benefits Unallocated - (B)				88,353	70,375	61,234
169B		Separation Allowance - Law Enforcement Officers -(B)	22,806	21,827	21,827
170B		Separation Allowance - Other Employees - (B)
171B		Supplemental Retirement Income Plan for Law Enforcement Officers - (B)	493	164,810	142,692	126,369	119,000	109,260
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	11,709,120	10,728,848	9,765,720	9,085,352	8,579,707	7,788,380
180	OTHER	Current Year Levy Motor Vehicles Only	1,276,064	1,224,016	1,158,959	1,016,619	974,028	897,565
181	DATA	Uncollected Taxes - Current Year's Levy - Excluding Motor Vehicles	356,755	315,782	277,160	104,462	104,900	95,889
182		Uncollected Taxes - Current Year's Levy - Motor Vehicles	163,985	168,645	153,793	77,225	73,942	69,194
183		Percentage of Taxes Collected - Current Year All Property	95.99	95.95	96.06	98.20	98.13	98.10
184		Percentage of Taxes Collected - Current Year - Excluding Motor Vehicles	96.95	97.06	97.16	98.85	98.78	98.77
185		Percentage of Taxes Collected - Current Year - Motor Vehicles	87.15	86.22	86.73	92.40	92.41	92.29
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	29,564,657	24,801,422	22,146,239	24,144,919	15,953,522	11,842,937
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	42,869,189	33,760,998	31,235,099	36,121,529	25,088,027	22,200,649
194B	FISCAL	Amounts - Subtract proceeds of refunding debt
194C	SUMMARY	Amounts - Subtract interfund transfers in			614,959	457,994	252,721	205,908
194D		Amounts - Net Revenues per AFIR	42,869,189	33,760,998	30,620,140	35,663,535	24,835,306	21,994,741
		Calculated amount	42,869,189	33,760,998	30,620,140	35,663,535	24,835,306	21,994,741
		Amounts in AGREEMENT??	Yes	Yes	Yes	Yes	Yes	Yes
		Difference
195A		Amounts - Total Expenditures and other financing sources per audit	38,669,870	33,731,534	29,289,058	27,926,590	20,276,990	18,693,492
195B		Amounts - Subtract payments to refunding debt escrow agent
195C		Amounts - Subtract interfund transfers out			614,959	457,994	252,721	205,908
195D		Amounts Net Expenditures per AFIR	38,669,870	33,731,534	28,674,099	27,468,596	20,024,269	18,487,584
		Calculated amount	38,669,870	33,731,534	28,674,099	27,468,596	20,024,269	18,487,584
		Amounts in AGREEMENT??	Yes	Yes	Yes	Yes	Yes	Yes
		Difference

	PART 10

950		Name of Official Signatory	Janet Stoner
951		Title of Official	Finance Director
952		Date Certified	10/28/2008	11/13/2007	10/31/2006
953		Person to Contact	Pattie Ellis
954		Title of Person to Contact	Assistant Finance Director
955		Telephone Number	704-875-6541
956		Facsimile Number	704-875-6546

Go to top of page Key Ratios of Electric Systems for The
Town of Huntersville

	2008	2007	2006	2005	2004	2003

Population	39,191	34,365	31,646	30,664	29,387	27,984
Power Agency Group	N.C. Municipal Power Agency Number 1
Total Operating Revenues	$9,308,061	7,355,631	7,140,993	6,343,749	6,296,981	5,719,111
Group Weighted Average	22,254,716	21,085,163	20,184,548	19,323,226	19,192,985	19,102,149

% to Total Operating Revenues
Power Purchases	65.4%	70.4%	63.1%	63.9%	63.3%	64.8%
Group Weighted Average	78.3%	79.0%	81.9%	82.3%	81.6%	79.1%

Other Operating Expenses	18.0%	21.3%	18.6%	17.6%	17.0%	17.7%
Group Weighted Average	17.1%	17.6%	17.5%	15.4%	15.3%	16.5%

Operating Margin	16.5%	8.2%	18.3%	18.5%	19.7%	17.4%
Group Weighted Average	4.6%	3.4%	0.6%	2.3%	3.1%	4.4%

Operating Transfers In/(out)	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Group Weighted Average In/(out)	-2.5%	-0.8%	-2.1%	0.3%	-1.9%	-0.9%

Net Income	16.5%	8.3%	18.1%	18.1%	18.8%	16.4%
Group Weighted Average	3.5%	4.9%	-0.2%	3.5%	1.8%	4.9%

Key Ratios and Cash Flow

Quick Ratio	2.4	2.7	3.3	3.2	3.9	3.7
Group Weighted Average	3.8	4.1	4.0	4.6	4.9	4.9

Coverage Ratio	1.30	1.17	1.43	1.32	1.33	1.28
Group Weighted Average	1.11	1.10	1.05	1.07	1.07	1.10

Days Sales in Receivables	55.0	46.8	58.7	43.2	47.6	42.9
Group Weighted Average	36.8	36.3	33.2	35.0	37.3	34.8

Days Cash on Hand	78.9	101.2	123.8	134.5	182.9	175.6
Group Weighted Average	118.3	114.5	127.6	147.3	147.5	155.0

Cash flow from Operations	$1,567,655	1,436,565	1,441,668	1,659,669	1,272,734	1,275,263

Capital Expenditures:	$1,589,192	1,411,798	1,227,633	2,185,212	1,005,577	490,059


	2008	2007	2006	2005	2004	2003
Capital Contributions: Excluded from Income Above	$0	0	0	0	0	0

Operating Transfers to the General Fund as a % of GF Revenues	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

	2002	2001	2000	1999	1998
	#VALUE!	#VALUE!	190.00%	0.00%	0.00%

Gross Electric Fund Assets as Cost	$16,634,097	15,044,905	13,656,281	12,428,652	10,059,320	9,432,808
Estimated Tax Loss from Municipal Ownership of Utility	$48,239	$43,630	38,238	34,800	31,385	29,430
Tax Rate Equivalent	0.0011	0.0011	0.0010	0.0010	0.0010	0.0011

Operating Transfers to the General Fund as a % of Gross Fixed Assets	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Operating Transfers to the General Fund as a Tax Rate Equivalent	0.0000	0.0000	0.0000	0.0000	0.0000	0.0000

Tax Rate Adjusted for Assessed to Sales Ratio	0.2533	0.2719	0.2662	0.2682	0.3060	0.2733

Tax Rate Adjusted Excluding Transfers	0.2533	0.2719	0.2662	0.2682	0.3060	0.2733

Weighted Average Group Rate Adjusted	0.3938	0.4015	0.4080	0.4127	0.4254	0.4102

Weighted Average Non Electric Adjusted Rate	0.4173	0.4328	0.4353	0.4419	0.4533	0.4288

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

	2004	2005	2006	2007	2008
Unit's FBA %	104.98%	102.10%	89.36%	90.83%	81.71%
Group average FBA %	41.23%	41.78%	40.17%	37.01%	38.75%
State average Electric/Non Electric Group FBA %	36.12%	36.30%	35.69%	34.02%	35.36%
State average FBA %	36.35%	36.76%	41.23%	36.37%	36.20%

Municipal Population Group: Electric 10,000 to 49,999

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2004 2005 2006 2007 2008

Municipality 98.13% 98.20% 96.06% 95.95% 95.99%

Pop. Group 96.47% 97.03% 96.74% 96.51% 97.36%

Statewide 97.31% 97.42% 97.55% 97.59% 97.97%

Municipal Population Group: Electric 10,000 to 49,999

	2004	2005	2006	2007	2008
Municipality	98.13%	98.20%	96.06%	95.95%	95.99%
Pop. Group	96.47%	97.03%	96.74%	96.51%	97.36%
Statewide	97.31%	97.42%	97.55%	97.59%	97.97%

Municipal Population Group: Electric 10,000 to 49,999

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2004 2005 2006 2007 2008

Municipality 0 157 145 126 231

Pop. Group 318 320 283 243 247

Statewide 548 505 495 478 456

Municipal Population Group: 25,000 to 49,999

	2004	2005	2006	2007	2008
Municipality	0	157	145	126	231
Pop. Group	318	320	283	243	247
Statewide	548	505	495	478	456

Municipal Population Group: 25,000 to 49,999

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2004 2005 2006 2007 2008

Property Tax $321 324 337 347 343

Utility 214 207 226 214 238

Sales Tax 75 92 89 88 84

Sales & Services 51 52 57 58 67

Intergovernmental 107 91 132 143 128

Debt Proceeds 3 300 8 12 135

Other Miscellaneous 74 97 119 120 99

Total $845 1,163 968 982 1,094

	2004	2005	2006	2007	2008
Property Tax	$321	324	337	347	343
Utility	214	207	226	214	238
Sales Tax	75	92	89	88	84
Sales & Services	51	52	57	58	67
Intergovernmental	107	91	132	143	128
Debt Proceeds	3	300	8	12	135
Other Miscellaneous	74	97	119	120	99
Total	$845	1,163	968	982	1,094

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2008
2008

Category Revenue
Per Capita

Property Tax $13,461,494
$343

Water/Sewer 0
0

Electric 9,308,061
238

Other Utilities 0
0

Sales Tax 3,301,146
84

Sales & Services 2,634,510
67

Intergovernment 5,003,499
128

Debt Proceeds 5,297,449
135

Miscellaneous 3,863,030
99

Total $42,869,189
$1,094

Municipal Population Group: Electric 10,000 to 49,999

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2008
2008

Category Expenditures
Per Capita

General Government $5,470,171
$139

Water/Sewer 0
0

Electric 8,849,310
226

Other Utilities 0
0

Debt Service 2,070,045
53

Transportation 5,091,297
130

Public Safety 9,038,852
231

Other 8,150,195
208

Total $38,669,870
$987

Municipal Population Group: Electric 10,000 to 49,999

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2008
2008

Category Expenditures
Per Capita

Salaries & Wages $7,443,309
$190

Water/Sewer Capital 0
0

Electric Capital 1,589,192
41

Other Capital 6,641,765
169

Other Operating 22,995,604
587

Total $38,669,870
$987

Municipal Population Group: Electric 10,000 to 49,999

Last Updated 8/27/2009 7:28:00 AM



	2008	2008
Category	Revenue	Per Capita
Property Tax	$13,461,494	$343
Water/Sewer	0	0
Electric	9,308,061	238
Other Utilities	0	0
Sales Tax	3,301,146	84
Sales & Services	2,634,510	67
Intergovernment	5,003,499	128
Debt Proceeds	5,297,449	135
Miscellaneous	3,863,030	99
Total	$42,869,189	$1,094

Municipal Population Group: Electric 10,000 to 49,999

North CarolinaDepartment of State TreasurerFinancial InformationTown of Huntersville

Financial Graphs and Comparisons

North Carolina
Department of State Treasurer
Financial Information
Town of Huntersville