North Carolina
Department of State Treasurer
Financial Information
Town of Landis

Financial Profile | General Fund | Enterprise Funds | Cash, Investments and Financing
Annual Financial Information Report Detail | Water/Sewer Information
Electric System 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	$914,548	847,734	617,340	642,994	551,941	540,026
		Utility	6,771,848	6,636,213	5,988,314	5,651,965	5,355,176	5,763,867
		Sales Tax	469,193	518,927	512,062	491,657	462,251	434,437
		Sales & Services	301,815	247,746	217,358	182,782	166,753	165,827
		Intergovernmental	506,385	552,413	437,717	368,925	372,983	370,018
		Debt Proceeds	-	-	-	-	-	1,750,000
		Other Miscellaneous	138,903	1,091,106	1,332,987	199,699	132,927	248,469
		Total	$9,102,692	9,894,139	9,105,778	7,538,022	7,042,031	9,272,644

	Expenditures by Function
		Utility	$5,568,399	5,458,839	5,582,260	5,399,934	5,328,177	6,230,431
		Debt Service	702,976	1,466,804	694,533	536,362	452,784	276,466
		Transportation	403,595	273,287	353,892	403,350	277,177	401,587
		General Government	389,454	402,006	402,441	343,764	421,982	244,296
		Public Safety	1,238,967	1,119,603	2,344,634	967,631	699,170	731,621
		Other	421,665	438,571	449,440	491,327	718,791	480,367
		Total	$8,725,056	9,159,110	9,827,200	8,142,368	7,898,081	8,364,768

	Expenditures by Object
		Salaries & Wages	$1,531,884	1,519,189	1,419,378	1,264,978	1,131,246	1,109,790
		Capital Outlay	446,021	374,157	1,876,901	733,362	614,052	1,557,203
		Other Operating + Debt Service	6,747,151	7,265,764	6,530,921	6,144,028	6,152,783	5,697,775
		Total	$8,725,056	9,159,110	9,827,200	8,142,368	7,898,081	8,364,768


	Per Capita Revenues by Source
		Property Tax	$295	276	203	212	182	178
		Utility	2,184	2,157	1,965	1,862	1,764	1,904
		Sales Tax	151	168	168	161	152	144
		Sales & Services	97	81	71	60	55	55
		Intergovernmental	163	180	144	122	123	122
		Debt Proceeds	-	-	-	-	-	578
		Other Miscellaneous	45	355	437	66	44	82
		Total	$2,935	3,217	2,988	2,483	2,320	3,063

	Per Capita Expenditures by Function
		Utility	$1,796	1,775	1,832	1,779	1,755	2,058
		Debt Service	227	477	228	177	149	91
		Transportation	130	89	116	133	91	133
		General Government	125	130	132	112	139	80
		Public Safety	400	364	769	319	230	242
		Other	136	143	148	162	237	159
		Total	$2,814	2,978	3,225	2,682	2,601	2,763

	Per Capita Expenditures by Object
		Salaries & Wages	$494	494	466	417	373	367
		Capital Outlay	144	122	616	242	202	514
		Other Operating	2,176	2,362	2,143	2,023	2,026	1,882
		Total	$2,814	2,978	3,225	2,682	2,601	2,763

	Population Group		Electric 2,500 to 9,999	Electric 2,500 to 9,999	Electric 2,500 to 9,999	Electric 2,500 to 9,999	Electric 2,500 to 9,999	Electric 2,500 to 9,999
		Number of Municipalites in Group	20	21	20	20	20	19
		Average Population In Group	4,967	5,139	5,149	5,074	4,832	4,875
		Town of Landis Population	3,101	3,076	3,047	3,036	3,036	3,027
	Group Average Per Capita Revenues by Source
		Property Tax	317	305	301	285	282	274
		Utility	1,775	2,051	1,895	1,850	1,792	1,806
		Sales Tax	135	158	162	152	152	142
		Sales & Services	125	145	120	119	117	119
		Intergovernmental	223	202	220	226	301	300
		Debt Proceeds	89	166	124	54	43	40
		Other Miscellaneous	226	218	184	125	98	126
		Total	2,890	3,245	3,006	2,811	2,785	2,807

	Group Average Per Capita Expenditures by Function
		Utility	1,689	1,907	1,700	1,712	1,726	1,753
		Debt Service	102	146	109	99	99	98
		Transportation	125	131	148	136	140	135
		General Government	192	161	181	163	174	180
		Public Safety	359	446	405	362	361	331
		Other	344	399	365	329	260	250
		Total	2,811	3,190	2,908	2,801	2,760	2,747

	Group Average Per Capita Expenditures by Object
		Salaries & Wages	631	654	595	593	595	576
		Capital Outlay	258	469	375	348	289	265
		Other Operating	1,922	2,067	1,938	1,860	1,876	1,906
		Total	2,811	3,190	2,908	2,801	2,760	2,747


General Fund Go to top of page			2009	2008	2007	2006	2005	2004
	General Fund revenues		$2,326,752	2,226,080	1,819,251	1,743,349	1,621,506	1,563,300
	General Fund expenditures		2,561,484	3,193,580	2,657,647	2,221,377	2,155,940	1,857,871
	Operating transfers in		140,000	200,000	200,000	247,110	182,147	504,166
	Operating transfers out		-	-	115,763	23,514	129,475	-
	Capital leases and installment purchase proceeds		-	1,024,637	425,160	-	49,710	98,194
	Other items		-	-	-	127,890	-	-
	Excess of revenues and other sources over (under) expenditures and other uses		(94,732)	257,137	(328,999)	(126,542)	(432,052)	307,789

	Fund balance available (FBA):
		In dollars	$7,338	106,800	(207,869)	185,161	317,926	766,760
		FBA as a % of GF Net Expenditures:
		Unit's FBA %	0.29	4.92	-8.85	8.25	14.22	43.57
		Group weighted average FBA %	41.37	39.94	37.68	39.10	37.99	38.97
		State weighted average Electric Group	34.57	35.41	33.99	35.62	36.67	36.12
		State weighted average FBA %	37.00	36.34	36.55	36.96	36.78	36.35


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

	Combined financial results:
		Working capital	$299,333	(329,294)	(714,572)	(334,966)	526,983	964,926
		Quick ratio	1.29	0.80	0.56	0.75	1.64	2.31
		Net income	653,553	742,873	(87,154)	(296,123)	(251,905)	(19,919)
		Cashflow from operations	897,580	1,412,424	1,072,057	930,734	367,138	500,391
		Depreciation & Amortization Expense	473,324	457,256	574,666	424,642	338,172	346,769



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

		Population at July 1st of the Previous Year	3,101	3,076	3,047	3,036	3,036	3,027
		Population Group	Electric 2,500 to 9,999	Electric 2,500 to 9,999	Electric 2,500 to 9,999	Electric 2,500 to 9,999	Electric 2,500 to 9,999	Electric 2,500 to 9,999
		Cash &Investments	$746,868	1,031,660	399,453	764,419	1,058,204	1,866,472
		Investment Earnings	19,546	27,624	28,015	33,793	28,939	9,126
		Tax Rate Equivalent	0.0084	0.0127	0.0148	0.0180	0.0159	0.0047
		Tax Rate Equivalent Group weighted average	0.0240	0.0548	0.0722	0.0561	0.0317	0.0186
		Tax Rate Equivalent Statewide weighted average	0.0133	0.0524	0.0920	0.0573	0.0415	0.0340
		Latest year of Revaluation		2007	2003	2003	2003	2003
		January 1, Prior Year Assessed Valuation	$232,758,107	217,442,058	189,179,681	187,698,550	181,975,053	194,835,816
		Tax Rate	0.4000	0.4000	0.3200	0.3200	0.2800	0.2800
		Tax Rate Group weighted average	0.3781	0.3834	0.4066	0.4094	0.4079	0.4137
		Tax Rate State Wide	0.4267	0.4243	0.4452	0.4321	0.4448	0.4566
		Assessment -to-Sales Ratio	96.72	99.78	94.90	98.39	97.34	100.00
		Assessment -to-Sales Ratio Group weighted average	90.58	86.68	89.35	90.83	92.37	92.16
		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	$240,651,475	217,921,485	199,346,345	190,769,946	186,947,866	194,835,816
		EffectiveTax Rate	0.3869	0.3991	0.3037	0.3148	0.2726	0.2800
		Group weighted average Effective Tax Rate	0.3425	0.3323	0.3633	0.3719	0.3768	0.3812
		Statewide weighted average Effective Tax Rate	0.3875	0.3756	0.3936	0.3987	0.4108	0.4209
		Percent Collected	95.19	96.66	96.89	94.99	90.84	94.38
		Percent Collected Group weighted average	96.15	95.89	96.00	95.42	95.70	95.36
		Percent Collected Statewide	97.78	97.64	97.59	97.55	97.42	97.31
		Percent Collected Excluding Motor Vehicles	95.67	97.37	97.90	95.56	91.06	94.98
		Percent Collected Excluding Motor Vehicles Group weighted average	96.84	97.21	97.38	96.96	97.08	96.47
		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	90.66	90.07	88.98	90.54	88.89	89.24
		Percent Collected Motor Vehicles Only Group weighted average	82.55	81.36	82.28	80.71	81.62	86.49
		Percent Collected Motor Vehicles Only Statewide weighted average	86.66	86.74	86.71	86.80	87.31	87.46
		Tax Uncollected	8,280	28,731	18,795	30,187	52,099	30,807
		Tax Rate Equivalent	0.0036	0.0132	0.0099	0.0161	0.0286	0.0158
		Dominant County: Rowan
	Debt Information
		Population Group	2,500 to 4,999	2,500 to 4,999	2,500 to 4,999	2,500 to 4,999	2,500 to 4,999	2,500 to 4,999
		Ratings:
		Fitch
		Moody's
		S & P

		General Obligation Debt (GO) where the taxing power of the entrire municipality is pledged to pay the obligation
		Enterprise GO Debt	$0	0	0	0	0	0
		General Government GO Debt	0	0	0	0	0	0
		Total General Obligation Debt	0	0	0	0	0	0
		Per Capita	$0	0	0	0	0	0
		Total Per Capita for the Population Group	158	152	149	162	162	159
		Total Per Capita Statewide	455	456	478	495	505	548
		Total per Assessed Valuation Adjusted for Current Year Sales	0.0000%	0.0000%	0.0000%	0.0000%	0.0000%	0.0000%
		Total per Assessed Valuation Adjusted for Current Year Sales- Group Average	0.1078%	0.1101%	0.1223%	0.1565%	0.1724%	0.1878%
		Total per Assessed Valuation Adjusted for Current Year Sales - Statewide	0.3909%	0.4131%	0.4706%	0.5275%	0.5588%	0.6442%
		Total Authorized but not Issued General Obligation Debt	$6,700,000	6,700,000	900,000	900,000	900,000

		Installment Sales Purchases and Lease Obligations
		--Enterprise	$1,536,807	1,882,727	2,211,962	2,524,813	3,027,157	3,298,931
		--General Government	0	0	913,951	0	0	0
		Total*	$1,536,807	1,882,727	3,125,913	2,524,813	3,027,157	3,298,931
		* 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	2009	2008	2007	2006	2005	2004
	Population at July 1st of the Previous Year Adjusted for Boundry Changes		3,101	3,076	3,047	3,036	3,036	3,027

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	4,310,736	3,947,403	3,822,483	2,674,432	2,562,995	2,729,265
1.5B	FISCAL	Governmental Activities Liabilities	1,857,271	1,650,679	1,549,711	238,760	211,848	245,536
3.5A	SUMMARY	Business Type Activities Assets	9,487,455	10,163,612	9,828,199	10,110,143	9,588,423	10,046,564
3.5B		Business Type Activities Liabilties	2,245,000	3,574,710	3,982,170	4,176,960	3,359,117	3,565,353
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	886,088	830,644	585,507	572,618	516,883	517,281
11	TAX	Current collection of special tax districts
12	REVENUES	Prior years' levy collections	15,317	15,792	28,903	63,140	28,431	19,512
13		Penalties and interest	13,143	1,298	2,930	7,236	6,627	3,233
14		Collection of taxes previously written off
15		Animal tax
15.1		Solid Waste Disposal Tax
16		1% Local government sales and use tax	202,409	178,885	173,649	177,126	183,121	164,798
17		1/2% Local government sales and use taxes (Article 40)	110,867	124,028	123,537	112,841	97,931	95,641
18		1/2% Local government sales and use taxes (Article 42)	110,035	123,286	122,825	112,209	97,338	94,958
18.5		1/2% Local government sales and use taxes (Article 44)	45,882	92,728	92,051	89,481	83,861	79,040
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
23		Local occupancy tax
24		Prepared food tax
25		911 charges
26		Gross Receipts Tax on Short Term Vehicles Leases
27	FEDERAL	FEDERAL Payment in lieu of taxes
28	INTERGOV	Equitable sharing of Federally forfeited property
29	REVENUES	General government
30		Public safety	86,817	128,589	8,910
31		Transportation - Streets
32		Transportation - All other
33		Utility franchise tax			51,870
34		Housing/community development
35		All Other
36		Human services: Health, mental health, hospitals
37		All other
38		Culture and recreation
39	STATE	State Payment in Lieu of Taxes
40	INTERGOV	Controlled substance tax
41	REVENUES	Intangibles tax reimbursement + Transistional Hold Harmless Revenues
42		Wireless Enhanced 911 Service Charges
43		Piped Natural Gas Charge Distribution	19,492	16,905	18,831
44		Utility franchise tax	199,246	199,337	179,684	196,535	194,111	206,867
45		Beer and Wine tax	13,814	14,036	13,719	13,410	13,398	13,026
46		Powell Bill	107,574	116,288	100,517	100,168	100,547	90,638
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	79,442	77,258	64,186	58,812	64,927	59,487
53		Transportation - Streets
54		Transportation - All other
55		Environmental protection
56		Econ. & Phys. Dev. - Housing/Comm. Dev.
57		Econ. & Phys. Dev. - All Other
58		Human Services: Health, mental health, hospitals
59		All Other
60		Culture and recreation
61	LOCAL	LOCAL Payment in lieu of taxes
62	INTERGOV	General government
63	REVENUES	Public safety
64		Transportatin - Streets
65		Transportation - All other
66		Environmental protection
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
74	SALES &	Parking revenues
75	SERVICES	Rents and royalties	6,210
76		Airport
77		Fire protection charges
78		Solid waste	226,903	182,393	151,476	111,377	112,976	112,759
79		Ambulance and rescue squad charges
80		Cemeteries
81		Recreation service revenues
82		Library service revenues
83		Other cultural and recreational service revenues	68,702	65,353	65,882	71,405	53,777	53,068
84		Mass transit - city operated
85		Other sales and services
86	UTILITY	Water and sewer charges	1,716,717	1,746,105	1,525,636	1,409,571	1,398,159	1,703,344
87	REVENUES	Electric charges	4,959,757	4,796,978	4,371,003	4,242,394	3,957,017	4,060,523
88		Gas charges
88.1		Storm Water Fees	95,374	93,130	91,675
89	MISC.	On bond proceeds
90	REVENUES	On general and all other funds	19,546	27,624	28,015	33,793	28,939	9,126
91		Special assessments
92		Private contribution and donations
93		Sales of materials and fixed assets
94		Sales of real property
95		Nongovernment contributions for streets and traffic signals
96		Mixed drink surcharge
97		ABC profit distribution	1,741				225	1,349
98		Other miscellaneous revenues	117,616	38,845	63,631	38,016	54,053	48,224
99		Proceeds of the sale of bonds and notes
100		Proceeds of capital leases and installment purchases						1,750,000
101		Other		1,024,637	1,241,341	127,890	49,710	189,770
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	2,125	4,200	1,200	2,400	900	2,250
109B	GENERAL	Governing body - All other Direct	22,145	11,723	9,807	7,210	8,967	12,177
109C	GOVT	Governing body - Construction
109D		Governing body - Land, Equipment and Existing Structures
110A		Administration - Salaries	148,681	185,139	165,733	136,362	127,428	66,283
110B		Administration - All other Direct	152,898	170,061	172,841	164,932	258,481	147,782
110C		Administration - Construction
110D		Administration - Land, Equipment and Existing Structures	7,500		27,522	13,020
111A		Elections (cost of) - Salaries
111B		Elections (cost of) - All other Direct				1,282
111C		Elections (cost of) - Construction
111D		Elections (cost of) - Land, Equipment and Existing Structures
112A		Finance - Salaries
112B		Finance - All other Direct	16,000	15,000	12,650	9,300	9,300	9,300
112C		Finance - Construction
112D		Finance - Land, Equipment. and Existing Structures
113A		Taxes - Salaries
113B		Taxes - All other Direct	13,683
113C		Taxes - Construction
113D		Taxes - Land, Equipment, and Existing Structures
114A		Legal - Salaries
114B		Legal - All other Direct	26,422	15,883	12,688	9,258	16,906	6,504
114C		Legal - Construction
114D		Legal - Land, Equipment, and Existing Structures
115A		Public Buildings - Salaries
115B		Public Buildings - All other Direct
115C		Public Buildings - Construction
115D		Public Buildings - Land, Equipment, and Existing Structures
116A		Court Facilities - Salaries
116B		Court Facilities - All other Direct
116C		Court Facilities - Construction
116D		Court Facilities - Land, Equipment, and Existing Structures
117A		Central Facilites - Salaries
117B		Central Facilities - All other Direct
117C		Central Facilites - Construction
117D		Central Facilites - Land, Equipment, and Existing Structures
118A		General Government All Other - Salaries
118B		General Government All Other - All other Direct
118C		General Government All Other - Construction
118D		General Government All Other - Land, Equipment, and Existing Structures
119A	PUBLIC	Police and Communications - Salaries	367,074	449,521	384,259	341,507	319,834	303,771
119B	SAFETY	Police and Communications - All other Direct	291,334	250,845	238,641	195,218	164,090	181,677
119C		Police and Communications - Construction
119D		Police and Communications - Land, Equipment and Existing Structures	133,690		94,160		49,960
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	156,778	116,181	88,402	48,660
122B		Fire - All other Direct	172,790	285,271	190,386	158,674	141,973	233,002
122C		Fire - Construction
122D		Fire - Land, Equipment, and Existing Structures	100,022		1,334,571	208,264
123A		Inspectors - Salaries
123B		Inspectors - All other Direct
123C		Inspectors - Construction
123D		Inspectors - Land, Equipment, and Existing Structures
124A		Rescue Units - Salaries
124B		Rescue Units - All other Direct
124C		Rescue Units - Construction
124D		Rescue Units - Land, Equipment, and Existing Structures
125A		Animal Control - Salaries
125B		Animal Control - All other Direct
125C		Animal Control - Construction
125D		Animal Control - Land, Equipment, and Existing Structures
126A		Public Safety All Other - Salaries
126B		Public Safety All Other - All other Direct
126C		Public Safety All Other - Construction
126D		Public Safety All Other - Land, Equipment, and Existing Structures
127A	TRANSPOR	Traffic Engineering - Salaries
127B	TATION	Traffic Engineering - All other Direct
127C		Traffic Engineering - Construction
127D		Traffic Engineering - Land, Equipment, and Existing Structures
128A		Streets and Highways - Salaries	129,700	97,191	99,466	119,484	85,763	100,588
128B		Streets and Highways - All other Direct	161,174	160,421	138,996	148,670	153,171	135,052
128C		Streets and Highways - Construction
128D		Streets and Highways - Land, Equipment and Existing Structures				27,300
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	112,721	15,675	115,430	107,896	38,243
130C		State Street Aid Allocation - Powell Bill - Construction						165,947
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	99,730	103,892	101,519	76,855	84,272	85,459
136B	MENTAL	Solid Waste - All other Direct	137,162	128,723	120,655	110,097	99,023	112,771
136C	PROTECTION	Solid Waste - Construction
136D		Solid Waste - Land, Equipment, and Existing Structures						101,907
137A		Drainage and Watershed - Salaries
137B		Drainage and Watershed - All other Direct
137C		Drainage and Watershed - Construction
137D		Drainage and Watershed - Land, Equipment, and Existing Structures
138A		Cemeteries - Salaries
138B		Cemeteries - All other Direct
138C		Cemeteries - Construction
138D		Cemeteries - Land, Equipment, and Existing Structures
139A		Environmental Protection - All Other - Salaries
139B		Environmental Protection - All Other - All other Direct
139C		Environmental Protection - All Other - Construction
139D		Environmental Protection All Other - Land, Equipment, and Existing Structures
140A	ECONOMIC	Planning and Zoning - Salaries
140B	& PHYSICAL	Planning and Zoning - All other Direct	3,865
140C	DEVELOP	Planning and Zoning - Construction
140D		Planning and Zoning - Land, Equipment, and Existing Structures
141A		Economic Development - Salaries
141B		Economic Development - All other Direct
141C		Economic Development - Construction
141D		Economic Development - Land, Equipment, and Existing Structures
142A		Community Development - Salaries
142B		Community Development - All other Direct
142C		Community Development - Construction
142D		Community Development - Land, Equipment, and Existing Structures
143A		Housing and Urban Renewal - Salaries
143B		Housing and Urban Renewal - All other Direct
143C		Housing and Urban Renewal - Construction
143D		Housing and Urban Renewal - Land, Equipment, and Existing Structures
144A		Special Employment Programs (JTPA) - Salaries
144B		Special Employment Programs (JTPA) - All other Direct
144C		Special Employment Programs (JTPA) - Construction
144D		Special Employment Programs (JTPA) - Land, Equipment, and Existing Structures
145A		Economic and Physical Development - All Other - Salaries [A]
145B		Economic and Physical Development - All Other - All other Direct
145C		Economic and Physical Development - All Other - Construction
145D		Economic and Physical Development - All Other - Land, Equipment, and Existing Structures
146A	HUMAN	Health - Salaries
146B	SERVICES	Health - All other Direct
146C		Health - Construction
146D		Health - Land, Equipment, and Existing Structures
147A		Mental Health - Salaries
147B		Mental Health - All other Direct
147C		Mental Health - Construction
147D		Mental Health - Land, Equipment, and Existing Structures
148A		Social Services - Salaries
148B		Social Services - All other Direct
148C		Social Services - Construction
148D		Social Services - Land, Equipment, and Existing Structures
149B		Subsidies Paid: Hospitals - City Owned - All other Direct
150B		Subsidies Paid: Hospitals - Private Owned - All other Direct
151A		Other Human Services: Legal Aid - Salaries
151B		Other Human Services: Legal Aid - All other Direct
151C		Other Human Services: Legal Aid - Construction
151D		Other Human Services: Legal Aid - Land, Equipment, and Existing Structures
152A		Human Services - All Other - Salaries
152B		Human Services - All Other - All other Direct
152C		Human Services - All Other - Construction
152D		Human Services - All Other - Land, Equipment, and Existing Structures
153A	CULTURE	Recreation and Parks - Salaries	82,521	87,011	88,437	81,059	65,746	58,396
153B	RECREATION	Recreation and Parks - All other Direct	98,387	118,945	138,829	163,841	132,084	121,834
153C		Recreation and Parks - Construction
153D		Recreation and Parks - Land, Equipment, and Existing Structures				59,475	337,666
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	113,517	81,319	76,481	68,409	97,927	220,053
158B		Water and Sewer - All other Direct	970,001	904,121	1,003,147	848,281	1,241,189	990,800
158C		Water and Sewer - Construction
158D		Water and Sewer - Land, Equipment, and Existing Structures	24,479	27,230	112,677	149,174	104,075	1,133,921
159A		Electric Power - Salaries	416,435	385,340	413,881	390,242	349,376	272,990
159B		Electric Power - All other Direct	3,804,090	3,636,537	3,611,186	3,667,699	3,413,259	3,457,239
159C		Electric Power - Construction
159D		Electric Power - Land, Equipment, and Existing Structures	180,330	346,927	307,971	276,129	122,351	155,428
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	15,323	9,395
160.1B		Storm water other operating	44,224	67,970	56,917
160.1C		Storm water contruction
160.1C		Storm water land, equipment and existing structures
161B	DEBT	Water and Sewer - Debt Service Interest Payments	94,102	99,811	152,937	136,402	130,186	89,589
161D	SERVICE	Water and Sewer - Debt Service Principal Payments	485,071	391,880	502,412	361,141	283,778	186,877
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	57,651	22,533	1,804	2,347	4,569
166D		All Other - Debt Service Principal Payments	66,152	952,580	37,380	36,472	34,251
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)	17,279	17,785	14,215	15,308	23,313	13,171
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	843,233	775,835	535,963	534,439	513,272	490,528
180	OTHER	Current Year Levy Motor Vehicles Only	87,591	83,540	68,339	68,366	55,710	57,560
181	DATA	Uncollected Taxes - Current Year's Levy - Excluding Motor Vehicles	36,551	20,435	11,267	23,722	45,910	24,613
182		Uncollected Taxes - Current Year's Levy - Motor Vehicles	8,185	8,296	7,528	6,465	6,189	6,194
183		Percentage of Taxes Collected - Current Year All Property	95.19	96.66	96.89	94.99	90.84	94.38
184		Percentage of Taxes Collected - Current Year - Excluding Motor Vehicles	95.67	97.37	97.90	95.56	91.06	94.98
185		Percentage of Taxes Collected - Current Year - Motor Vehicles	90.66	90.07	88.98	90.54	88.89	89.24
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	746,868	1,031,660	399,453	764,419	1,058,204	1,866,472
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	9,102,692	9,894,139	9,305,778	7,785,132	7,094,703	9,776,810
194B	FISCAL	Amounts - Subtract proceeds of refunding debt
194C	SUMMARY	Amounts - Subtract interfund transfers in			200,000	247,110	52,672	504,166
194D		Amounts - Net Revenues per AFIR	9,102,692	9,894,139	9,105,778	7,538,022	7,042,031	9,272,644
		Calculated amount	9,102,692	9,894,139	9,105,778	7,538,022	7,042,031	9,272,644
		Amounts in AGREEMENT??	Yes	Yes	Yes	Yes	Yes	Yes
		Difference
195A		Amounts - Total Expenditures and other financing sources per audit	8,725,056	9,159,110	10,027,200	8,389,478	7,950,753	8,868,934
195B		Amounts - Subtract payments to refunding debt escrow agent
195C		Amounts - Subtract interfund transfers out			200,000	247,110	52,672	504,166
195D		Amounts Net Expenditures per AFIR	8,725,056	9,159,110	9,827,200	8,142,368	7,898,081	8,364,768
		Calculated amount	8,725,056	9,159,110	9,827,200	8,142,368	7,898,081	8,364,768
		Amounts in AGREEMENT??	Yes	Yes	Yes	Yes	Yes	Yes
		Difference

	PART 10

950		Name of Official Signatory	Reed Linn
951		Title of Official	Town Administrator
952		Date Certified	01/21/2010	02/19/2009	12/04/2007
953		Person to Contact	Reed Linn
954		Title of Person to Contact	Town Administrator
955		Telephone Number	704-857-2411
956		Facsimile Number	704-855-3350

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

	2009	2008	2007	2006	2005	2004

Population	3,101	3,076	3,047	3,036	3,036	3,027
Population Group	Electric 2,500 to 9,999	Electric 2,500 to 9,999	Electric 2,500 to 9,999	Electric 2,500 to 9,999	Electric 2,500 to 9,999	Electric 2,500 to 9,999
Total Operating Revenues	$0	0	0	0	0	0
Total Operating Revenues Per Capita	$0	0	0	0	0	0
Group Weighted Average Revenues Per Capita	0	65	0	35	0	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!	97.33%	#DIV/0!	185.25%	#DIV/0!	#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!	2.67%	#DIV/0!	-85.25%	#DIV/0!	#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!	-1.33%	#DIV/0!	5.41%	#DIV/0!	#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!	69.46%	#DIV/0!	205.80%	#DIV/0!	#DIV/0!
State Weighted Average	968.20%	480.53%	1193.75%	778.98%	531.01%	2097.68%

Key Ratios and Cash Flow

Quick Ratio	0.48	0.46	0.33	0.32	0.59	0.95
Group Weighted Average	3.01	2.56	2.64	2.16	2.44	2.41
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	N/A
Group Weighted Average	#DIV/0!	32.2	#DIV/0!	78.3	#DIV/0!	136.2
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	-163.9	-250.1	-59.8	-556.4	0.0	-30.8
State Weighted Average	-46.5	-344.5	-221.9	-343.5	-346.7	-208.8

Cash flow from Operations	$411,956	684,203	728,901	605,272	122,151	348,811

Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.00
Group Weighted Average	1.49	0.11	0.16	0.35	0.61	0.02
State Weighted Average	27.79	3.77	5.74	3.82	2.36	3.93

Debt per Capita	0	0	0	0	930	0
Group Weighted Average	117	26	35	172	96	1
State Weighted Average	754	535	335	660	675	266

Capital Expenditures:	2009	2008	2007	2006	2005	2004
	$24,479	27,230	112,677	149,174	104,075	1,133,921

	2003	2002	2001	2000
	$416,324	101,745	1,698,067	688,917

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


Operating Statistics

Estimated population of the areas served Water	0	0	3,042	NA	NA	NA
Estimated population of the areas served Sewer	0	0	3,042	NA	NA	NA

Number of Gallons of Water Processed (000) omitted	96,199,158	9,037	106,736,900	NA	NA	NA
Number of Gallons of Sewage Processed (000) omitted	96,199,158	9,037	87,855,800	NA	NA	NA

Number of Gallons of Water Billed (000) omitted	85,150,600	98,686	99,592,700	NA	NA	NA
Number of Gallons of Sewage Billed (000) omitted	85,150,600	98,686	81,045,900	NA	NA	NA

Ratio of Water Billed to Water Processed	0.88515	10.92022	0.93307	NA	NA	NA
Ratio of Sewage Billed to Sewage Processed	0.88515	10.92022	0.92249	NA	NA	NA

Total Revenue from Water Sales	822,412	827,531	762,545	NA	NA	NA
Total Revenue from Sewage Sales	678,663	821,623	707,657	NA	NA	NA

Water Revenue per 1000 gallons of Sales			250.67226	NA	NA	NA
Sewage Revenue per 1000 gallons of Sales			232.62886	NA	NA	NA

Group Average Sales per thousand Gallons Water	$5.52170	$26,467.24286	$36.77508	NA	NA	NA
Group Average Sales per thousand Gallons Sewage	$5.17183	$23,894.52953	$53.71457	NA	NA	NA

State Average Sales per thousand Gallons Water	$39.12016	$9.21753	$4,470.42307	NA	NA	NA
State Average Sales per thousand Gallons Sewage	$35.74438	$25.29767	$2,448.46180	NA	NA	NA

Residential Water Sales per thousand Gallons	$0.01045	9.18414	0.00832	NA	NA	NA
Residential Sewage Sales per thousand Gallons	$0.00813	8.94292	0.00917	NA	NA	NA

Water Sales per thousand Gallons outside Municipal Limits			0.00775	NA	NA	NA
Sewage Sales per thousand Gallons outside Municipal Limits			0.00864	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

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

	2009	2008	2007	2006	2005	2004

Population	3,101	3,076	3,047	3,036	3,036	3,027
Power Agency Group	N.C. Municipal Power Agency Number 1
Total Operating Revenues	$0	0	0	0	0	0
Group Weighted Average	0	0	0	234,702	0	0

% to Total Operating Revenues
Power Purchases	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Group Weighted Average	0.0%	#DIV/0!	#DIV/0!	264.7%	#DIV/0!	#DIV/0!

Other Operating Expenses	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Group Weighted Average	0.0%	#DIV/0!	#DIV/0!	-68.5%	#DIV/0!	#DIV/0!

Operating Margin	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Group Weighted Average	100.0%	#DIV/0!	#DIV/0!	-96.1%	#DIV/0!	#DIV/0!

Operating Transfers In/(out)	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Group Weighted Average In/(out)	0.0%	#DIV/0!	#DIV/0!	-1.6%	#DIV/0!	#DIV/0!

Net Income	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Group Weighted Average	#DIV/0!	#DIV/0!	#DIV/0!	-9.0%	#DIV/0!	#DIV/0!

Key Ratios and Cash Flow

Quick Ratio	2.5	1.3	1.0	1.3	2.8	3.7
Group Weighted Average	3.9	3.8	4.1	4.0	4.6	4.9

Coverage Ratio	0.00	0.00	0.00	0.00	0.00	0.00
Group Weighted Average	1.44	N/A	8.99	1.93	N/A	48.62

Days Sales in Receivables	0.0	0.0	0.0	0.0	0.0	0.0
Group Weighted Average	0.0	N/A	N/A	0.0	N/A	N/A

Days Cash on Hand	0.0	0.0	0.0	0.0	0.0	0.0
Group Weighted Average	0.0	0.0	0.0	0.0	0.0	0.0

Cash flow from Operations	$485,624	728,221	343,156	325,462	244,987	151,580

Capital Expenditures:	$180,330	346,927	307,971	276,129	122,351	155,428


	2009	2008	2007	2006	2005	2004
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%

	2003	2002	2001	2000	1999
	#VALUE!	#VALUE!	#VALUE!	212.00%	10.35%

Gross Electric Fund Assets as Cost	$0	0	0	3,950,916	0	0
Estimated Tax Loss from Municipal Ownership of Utility	$0	$0	0	12,643	0	0
Tax Rate Equivalent	0.0000	0.0000	0.0000	0.0067	0.0000	0.0000

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	0.3869	0.3991	0.3037	0.3148	0.2726	0.2800

Tax Rate Adjusted Excluding Transfers	0.3869	0.3991	0.3037	0.3148	0.2726	0.2800

Weighted Average Group Rate Adjusted	0.3425	0.3323	0.3633	0.3719	0.3768	0.3812

Weighted Average Non Electric Adjusted Rate	0.2499	0.2438	0.2610	0.2921	0.3093	0.3354

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 %	14.22%	8.25%	-8.85%	4.92%	0.29%
Group average FBA %	37.99%	39.10%	37.68%	39.94%	41.37%
State average Electric/Non Electric Group FBA %	36.67%	35.62%	33.99%	35.41%	34.57%
State average FBA %	36.78%	36.96%	37.99%	36.34%	37.00%

Municipal Population Group: Electric 2,500 to 9,999

Go to top of page

2005 2006 2007 2008 2009

Municipality 90.84% 94.99% 96.89% 96.66% 95.19%

Pop. Group 95.70% 95.42% 96.00% 95.89% 96.15%

Statewide 97.42% 97.55% 97.59% 97.64% 97.78%

Municipal Population Group: Electric 2,500 to 9,999

	2005	2006	2007	2008	2009
Municipality	90.84%	94.99%	96.89%	96.66%	95.19%
Pop. Group	95.70%	95.42%	96.00%	95.89%	96.15%
Statewide	97.42%	97.55%	97.59%	97.64%	97.78%

Municipal Population Group: Electric 2,500 to 9,999

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2005 2006 2007 2008 2009

Municipality 0 0 0 0 0

Pop. Group 162 162 149 152 158

Statewide 505 495 478 456 455

Municipal Population Group: 2,500 to 4,999

	2005	2006	2007	2008	2009
Municipality	0	0	0	0	0
Pop. Group	162	162	149	152	158
Statewide	505	495	478	456	455

Municipal Population Group: 2,500 to 4,999

Go to top of page

2005 2006 2007 2008 2009

Property Tax $182 212 203 276 295

Utility 1,764 1,862 1,965 2,157 2,184

Sales Tax 152 161 168 168 151

Sales & Services 55 60 71 81 97

Intergovernmental 123 122 144 180 163

Debt Proceeds 0 0 0 0 0

Other Miscellaneous 44 66 437 355 45

Total $2,320 2,483 2,988 3,217 2,935

	2005	2006	2007	2008	2009
Property Tax	$182	212	203	276	295
Utility	1,764	1,862	1,965	2,157	2,184
Sales Tax	152	161	168	168	151
Sales & Services	55	60	71	81	97
Intergovernmental	123	122	144	180	163
Debt Proceeds	0	0	0	0	0
Other Miscellaneous	44	66	437	355	45
Total	$2,320	2,483	2,988	3,217	2,935

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2009
2009

Category Revenue
Per Capita

Property Tax $914,548
$295

Water/Sewer 1,716,717
554

Electric 4,959,757
1,599

Other Utilities 95,374
31

Sales Tax 469,193
151

Sales & Services 301,815
97

Intergovernment 506,385
163

Debt Proceeds 0
0

Miscellaneous 138,903
45

Total $9,102,692
$2,935

Municipal Population Group: Electric 2,500 to 9,999

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2009
2009

Category Expenditures
Per Capita

General Government $389,454
$125

Water/Sewer 1,107,997
357

Electric 4,400,855
1,419

Other Utilities 59,547
19

Debt Service 702,976
227

Transportation 403,595
130

Public Safety 1,238,967
400

Other 421,665
136

Total $8,725,056
$2,814

Municipal Population Group: Electric 2,500 to 9,999

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2009
2009

Category Expenditures
Per Capita

Salaries & Wages $1,531,884
$494

Water/Sewer Capital 24,479
8

Electric Capital 180,330
58

Other Capital 241,212
78

Other Operating 6,747,151
2,176

Total $8,725,056
$2,814

Municipal Population Group: Electric 2,500 to 9,999

Last Updated 6/11/2010 9:56:48 AM



	2009	2009
Category	Revenue	Per Capita
Property Tax	$914,548	$295
Water/Sewer	1,716,717	554
Electric	4,959,757	1,599
Other Utilities	95,374	31
Sales Tax	469,193	151
Sales & Services	301,815	97
Intergovernment	506,385	163
Debt Proceeds	0	0
Miscellaneous	138,903	45
Total	$9,102,692	$2,935

Municipal Population Group: Electric 2,500 to 9,999

North CarolinaDepartment of State TreasurerFinancial InformationTown of Landis

Financial Graphs and Comparisons

North Carolina
Department of State Treasurer
Financial Information
Town of Landis