North Carolina
Department of State Treasurer
Financial Information
Town of Maiden



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

Go to North Carolina County and Municipal Financial Information Home Page
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Note: All data unless otherwise specified is for the 12 month period ending June, 30th of the designated year



Municipality Revenues and Expenditures Financial Profile
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200820072006200520042003

Revenues by Source







Property Tax$1,440,638 1,422,403 1,289,677 1,233,943 1,140,306 1,148,960


Utility 7,641,250 7,104,134 6,618,210 6,207,988 6,413,905 6,643,568


Sales Tax 758,576 791,155 671,961 590,666 591,475 520,042


Sales & Services 273,341 257,367 161,537 158,326 99,705 70,430


Intergovernmental 495,848 520,709 481,490 464,946 480,402 795,977


Debt Proceeds - - - - - -


Other Miscellaneous 259,042 269,634 187,664 110,775 722,767 582,050


Total$10,868,695 10,365,402 9,410,539 8,766,644 9,448,560 9,761,027










Expenditures by Function







Utility$6,876,571 6,220,970 6,267,080 6,459,313 6,451,356 6,546,154


Debt Service 15,988 17,331 15,664 - 24,925 77,810


Transportation 396,011 329,651 421,421 560,261 483,979 485,865


General Government 543,958 528,361 571,061 522,400 519,959 886,930


Public Safety 1,452,284 1,013,155 1,094,747 1,071,611 1,635,920 1,171,001


Other 643,161 740,955 642,758 602,442 593,437 747,540


Total$9,927,973 8,850,423 9,012,731 9,216,027 9,709,576 9,915,300










Expenditures by Object







Salaries & Wages$1,582,631 1,495,102 1,849,590 1,895,761 1,904,574 1,809,603


Capital Outlay 761,340 48,209 218,752 395,780 1,262,282 855,640


Other Operating + Debt Service 7,584,002 7,307,112 6,944,389 6,924,486 6,542,720 7,250,057


Total$9,927,973 8,850,423 9,012,731 9,216,027 9,709,576 9,915,300



















Per Capita Revenues by Source







Property Tax$423 422 385 376 348 351


Utility 2,243 2,110 1,977 1,890 1,956 2,032


Sales Tax 223 236 202 179 181 160


Sales & Services 80 76 48 48 30 22


Intergovernmental 146 155 144 142 147 243


Debt Proceeds - - - - - -


Other Miscellaneous 76 80 56 34 220 178


Total$3,191 3,079 2,812 2,669 2,882 2,986










Per Capita Expenditures by Function







Utility$2,019 1,848 1,872 1,966 1,967 2,002


Debt Service 5 5 5 - 8 24


Transportation 116 98 126 171 148 149


General Government 160 157 171 159 158 271


Public Safety 426 301 327 326 499 358


Other 189 220 192 183 181 229


Total$2,915 2,629 2,693 2,805 2,961 3,033










Per Capita Expenditures by Object







Salaries & Wages$465 444 553 577 581 554


Capital Outlay 224 14 65 120 385 262


Other Operating 2,226 2,171 2,075 2,108 1,995 2,217


Total$2,915 2,629 2,693 2,805 2,961 3,033










Population GroupElectric 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 21 20 20 20 19 20


Average Population In Group 5,139 5,149 5,074 4,832 4,875 5,080


Town of Maiden Population 3,406 3,367 3,347 3,285 3,279 3,269

Group Average Per Capita Revenues by Source







Property Tax 280 301285282274267


Utility 1,888 1,8951,8501,7921,8061,724


Sales Tax 146 162152152142121


Sales & Services 133 120119117119126


Intergovernmental 186 220226301300255


Debt Proceeds 153 12454434034


Other Miscellaneous 201 18412598126113


Total 2,987 3,0062,8112,7852,8072,640










Group Average Per Capita Expenditures by Function







Utility 1,755 1,7001,7121,7261,7531,734


Debt Service 135 109999998107


Transportation 120 148136140135122


General Government 148 181163174180166


Public Safety 410 405362361331303


Other 368 365329260250243


Total 2,936 2,9082,8012,7602,7472,675










Group Average Per Capita Expenditures by Object







Salaries & Wages 602 595593595576520


Capital Outlay 432 375348289265363


Other Operating 1,902 1,9381,8601,8761,9061,792


Total 2,936 2,9082,8012,7602,7472,675


















General Fund
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200820072006200520042003

General Fund revenues$3,060,275 3,087,522 2,680,995 2,517,720 3,082,290 2,870,286

General Fund expenditures 3,032,838 2,417,518 2,643,683 2,741,114 3,232,295 3,134,912

Operating transfers in 414,165 9,403 - 82,000 124,565 550,134

Operating transfers out 65,311 - - - 66,000 -

Capital leases and installment purchase proceeds - - - - - -

Other items - - - - - -

Excess of revenues and other sources over (under) expenditures and other uses 376,291 679,407 37,312 (141,394) (91,440) 285,508










Fund balance available (FBA):







In dollars$1,811,100 1,429,924 840,073 786,647 888,878 931,124


FBA as a % of GF Net Expenditures:







Unit's FBA %58.4659.1531.7828.7026.9529.70


Group weighted average FBA %39.9437.6839.1038.1938.9739.36


State weighted average Electric Group35.3634.0235.6936.3036.1234.92


State weighted average FBA %36.2036.3736.3136.7636.3536.06

















Enterprise Funds:
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Electric, Water/Sewer













Combined financial results:







Working capital$3,594,306 2,777,079 1,886,397 1,693,329 2,066,665 2,381,202


Quick ratio7.16 14.85 10.22 9.58 7.52 13.45


Net income2,141,402 357,152 (197,038)(979,282)432,331 (572,055)


Cashflow from operations936,819 779,446 251,491 (135,122)55,240 397,485


Depreciation & Amortization Expense603,863 607,088 610,363 586,271 567,881 537,051


























Cash, Investments and Financing
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200820072006200520042003











Population at July 1st of the Previous Year3,4063,3673,3473,2853,2793,269


Population GroupElectric 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$6,564,773 5,480,415 4,226,271 4,124,611 4,421,473 4,833,917


Investment Earnings239,889 244,379 166,733 86,317 69,208 79,571


Tax Rate Equivalent0.06790.06940.05230.02690.02310.0290


Tax Rate Equivalent Group weighted average0.05480.07220.05610.03170.01860.0285


Tax Rate Equivalent Statewide weighted average0.05240.09200.05730.04150.03400.0332


Latest year of Revaluation 200720032003200320031999


January 1, Prior Year Assessed Valuation$353,120,586 352,025,234 318,550,054 321,369,226 300,174,663 274,231,482


Tax Rate0.40000.40000.38000.38000.38000.4000


Tax Rate Group weighted average0.38340.40660.40940.40790.41370.4341


Tax Rate State Wide0.42540.44550.43210.44480.45660.4594


Assessment -to-Sales Ratio97.7394.5896.4799.3099.6589.23


Assessment -to-Sales Ratio Group weighted average86.6889.3590.8392.3792.1686.98


Assessment -to-Sales Ratio Statewide88.5288.4192.2892.3592.1889.54


Assessed Valuation Adjusted for Assesment to Sales Ratio$361,322,609 372,198,387 330,206,338 323,634,669 301,228,964 307,331,034


EffectiveTax Rate0.39090.37830.36660.37730.37870.3569


Group weighted average Effective Tax Rate0.33230.36330.37190.37680.38120.3776


Statewide weighted average Effective Tax Rate0.37650.39390.39870.41080.42090.4113


Percent Collected97.5297.9397.7596.7397.4698.11


Percent Collected Group weighted average96.7496.0095.4295.7095.3695.32


Percent Collected Statewide97.9797.5997.5597.4297.3196.96


Percent Collected Excluding Motor Vehicles98.6499.0298.8497.7498.8799.30


Percent Collected Excluding Motor Vehicles Group weighted average97.2197.3896.9697.0896.1597.01


Percent Collected Excluding Motor Vehicles Statewide weighted average98.6698.5998.6198.3698.2698.31


Percent Collected Motor Vehicles Only 78.5380.0481.5381.7779.1982.52


Percent Collected Motor Vehicles Only Group weighted average81.3682.2880.7181.6291.4683.14


Percent Collected Motor Vehicles Only Statewide weighted average 86.7486.7186.8087.3187.6286.69


Tax Uncollected17,292 29,549 28,925 40,717 29,175 21,681


Tax Rate Equivalent0.00490.00840.00910.01270.00970.0079


Dominant County: Catawba






Debt Information








Population Group2,500 to 4,9992,500 to 4,9992,500 to 4,9992,500 to 4,9992,500 to 4,9992,500 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 Debt0 0 0 0 0 0


Total General Obligation Debt0 0 0 0 0 0


Per Capita$0 0 0 0 0 0


Total Per Capita for the Population Group152 149 162 162 159 #N/A


Total Per Capita Statewide456 478 495 505 548 #N/A


Total per Assessed Valuation Adjusted for Current Year Sales0.0000%0.0000%0.0000%0.0000%0.0000%0.0000%


Total per Assessed Valuation Adjusted for Current Year Sales- Group Average0.1101%0.1223%0.1565%0.1724%0.1878%#N/A


Total per Assessed Valuation Adjusted for Current Year Sales - Statewide0.4131%0.4706%0.5275%0.5588%0.6442%#N/A


Total Authorized but not Issued General Obligation Debt
















Installment Sales Purchases and Lease Obligations







--Enterprise$236,657 282,861 326,642 368,126 407,434 444,681


--General Government0 0 0 0 0 0


Total*$236,657 282,861 326,642 368,126 407,434 444,681


* 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
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LineSectionDescription200820072006200520042003

Population at July 1st of the Previous Year Adjusted for Boundry Changes3,4063,3673,3473,2853,2793,269









1ANon GASB34General Fund Assets




1,097,035
1BFISCAL General Fund Liabilities




105,470
2ASUMMARYDebt-service Assets





2B
Debt service Liabilities





3A
Enterprise Assets




12,634,971
3B
Enterprise Liabilities




836,143
4A
Internal Service Assets





4B
Internal service Liabilities





5A
Special Revenue Assets




2,060,144
1.5AGASB34Governmental Activities Assets7,346,8306,885,3846,442,5776,487,8736,736,416
1.5BFISCAL Governmental Activities Liabilities158,958129,863147,945212,813403,651
3.5ASUMMARYBusiness Type Activities Assets15,352,68612,009,80111,725,51011,986,3601,314,079
3.5B
Business Type Activities Liabilties1,799,294597,808670,672734,484911,921
6.5A
Fiduciary Funds Assets





6.5B
Fiduciary Funds Liabilties





5B
Special Revenue Liabilities




3,187
6A
Trust & Agency Assets





6B
Trust & Agency Liabilities





7A
Capital Project Assets





7B
Capital Project Liabilities





8A
General Fixed Assets




8,516,384
9B
General Long term debt - Liabilities




497,048
10PART 2Current collections of unit-wide levy1,407,8821,392,8931,248,0321,203,3841,119,6551,123,513
11TAXCurrent collection of special tax districts





12REVENUESPrior years' levy collections26,71924,01928,66124,90315,22319,609
13
Penalties and interest6,0375,49112,9845,6565,4285,838
14
Collection of taxes previously written off





15
Animal tax




36
16
1% Local government sales and use tax337,470379,893304,923253,555276,525269,265
17
1/2% Local government sales and use taxes (Article 40)143,037139,852122,295110,220103,985111,522
18
1/2% Local government sales and use taxes (Article 42)141,509138,441121,204109,046102,609110,135
18.5
1/2% Local government sales and use taxes (Article 44)136,560132,969123,539117,845108,35629,120
19
Licenses Privilege



488568
19.1
Privilege - Occupational & business licensing & permit taxes


498

19.2
Privilege -- All other privileges and pemits

343


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





27FEDERALFEDERAL Payment in lieu of taxes





28INTERGOVEquitable sharing of Federally forfeited property5,5445,7965,79919,026

29REVENUESGeneral government





30
Public safety
30,2501,5001,0009,000142,740
31
Transportation - Streets





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





39STATEState Payment in Lieu of Taxes





40INTERGOVControlled substance tax4,19815,68819,95619,79820,56233,770
41REVENUESIntangibles tax reimbursement + Transistional Hold Harmless Revenues





42
Wireless Enhanced 911 Service Charges





43
Piped Natural Gas Charge Distribution





44
Utility franchise tax335,848316,666275,948281,225315,569353,087
45
Beer and Wine tax15,51015,12414,52714,51414,03913,809
46
Powell Bill132,968118,680115,558111,762101,220108,542
47
Food stamp purchases tax reimbursement





48
Inventories tax reimbursements





49
Senior Citizens Exemption - 50%





50
Court fees - Facilities and arrest fees1,7801,5051,5171,6233,4035,100
51
General Government





52
Public safety




122,320
53
Transportation - Streets





54
Transportation - All other





55
Environmental protection





56
Econ. & Phys. Dev. - Housing/Comm. Dev.





57
Econ. & Phys. Dev. - All Other

29,287


58
Human Services: Health, mental health, hospitals





59
All Other





60
Culture and recreation





61LOCALLOCAL Payment in lieu of taxes
17,00017,39815,99816,60916,609
62INTERGOVGeneral government





63REVENUESPublic 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





71PERMITS Building permits





72& FEESInspection fees





72.1
Amusements licensing and permit taxes





73
Other permits525565410505300375
74SALES &Parking revenues





75SERVICESRents and royalties





76
Airport





77
Fire protection charges140,571121,45379,85881,19425,7723,000
78
Solid waste81,91775,25040,79641,36443,02839,441
79
Ambulance and rescue squad charges





80
Cemeteries13,3509,7505,4008,8006,2502,950
81
Recreation service revenues37,50350,91435,48326,96824,65525,039
82
Library service revenues





83
Other cultural and recreational service revenues





84
Mass transit - city operated





85
Other sales and services





86UTILITYWater and sewer charges2,536,2722,235,6812,030,9772,014,7001,805,0711,605,468
87REVENUESElectric charges5,104,9784,868,4534,587,2334,193,2884,608,8345,038,100
88
Gas charges





88.1
Storm Water Fees





89MISC.On bond proceeds





90REVENUESOn general and all other funds239,889244,379166,73386,31769,20879,571
91
Special assessments





92
Private contribution and donations
2,9005002,900653,816408,200
93
Sales of materials and fixed assets15,6926,7753,744-25,043-79,7607,581
94
Sales of real property





95
Nongovernment contributions for streets and traffic signals





96
Mixed drink surcharge





97
ABC profit distribution





98
Other miscellaneous revenues2,93615,01515,93445,59878,71585,719
99
Proceeds of the sale of bonds and notes





100
Proceeds of capital leases and installment purchases





101
Other





102NON-REVSupplemental schools taxes - current levy collections





103RECEIPTSPrior years' levy collections





104
Tax collections for units other than reporting unit





105
Utilities customers' deposits2,9155,8003,7372,3185,987755
106
Deposits other than utility




330
107
Prepaid taxes-107-1,207418


108
Prepaid privilege licenses





109APART 4Governing body - Salaries15,60012,60012,60015,60015,60015,300
109BGENERALGoverning body - All other Direct316,794325,334309,79974,58073,83056,846
109CGOVTGoverning body - Construction





109D
Governing body - Land, Equipment and Existing Structures


200,624200,624200,624
110A
Administration - Salaries36,58131,58320,97422,16621,69121,333
110B
Administration - All other Direct16,73715,58615,89414,99416,30113,580
110C
Administration - Construction





110D
Administration - Land, Equipment and Existing Structures





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 - Salaries28,65732,80233,65141,54843,35439,390
112B
Finance - All other Direct35,87341,98051,94751,37559,71246,360
112C
Finance - Construction





112D
Finance - Land, Equipment. and Existing Structures




4,441
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 Direct14,02510,61836,85911,5988,91510,083
114C
Legal - Construction





114D
Legal - Land, Equipment, and Existing Structures





115A
Public Buildings - Salaries





115B
Public Buildings - All other Direct25,16517,34120,36920,46520,381
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 - Salaries11,99413,59040,40524,35126,93025,633
117B
Central Facilities - All other Direct31,33226,92728,56330,09922,231446,019
117C
Central Facilites - Construction





117D
Central Facilites - Land, Equipment, and Existing Structures11,200

15,00010,3907,321
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





119APUBLICPolice and Communications - Salaries498,744474,486529,603544,520549,900534,443
119BSAFETYPolice and Communications - All other Direct286,089275,743343,537326,946305,657307,226
119C
Police and Communications - Construction





119D
Police and Communications - Land, Equipment and Existing Structures22,33942,21539,675
51,75089,877
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 - Salaries66,07243,73747,34140,27438,99637,243
122B
Fire - All other Direct144,023156,501112,316136,548143,28396,083
122C
Fire - Construction





122D
Fire - Land, Equipment, and Existing Structures414,165


522,17087,189
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





127ATRANSPORTraffic Engineering - Salaries




107,570
127BTATIONTraffic Engineering - All other Direct




188,587
127C
Traffic Engineering - Construction





127D
Traffic Engineering - Land, Equipment, and Existing Structures




29,244
128A
Streets and Highways - Salaries118,980106,136107,017105,601110,028
128B
Streets and Highways - All other Direct146,789124,823137,541143,237157,418
128C
Streets and Highways - Construction





128D
Streets and Highways - Land, Equipment and Existing Structures26,7385,99417,600146,36690,537
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 Direct79,00492,69856,438155,057109,621148,464
130C
State Street Aid Allocation - Powell Bill - Construction





130D
State Street Aid Allocation - Powell Bill - Land, Equipment, and Existing Structures24,500
102,82510,00016,37512,000
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





136AENVIRONSolid Waste - Salaries





136BMENTALSolid Waste - All other Direct195,566200,892217,689214,858208,081201,576
136CPROTECTIONSolid Waste - Construction





136D
Solid Waste - Land, Equipment, and Existing Structures





137A
Drainage and Watershed - Salaries





137B
Drainage and Watershed - All other Direct





137C
Drainage and Watershed - Construction





137D
Drainage and Watershed - Land, Equipment, and Existing Structures





138A
Cemeteries - Salaries





138B
Cemeteries - All other Direct28,7557,3507,26122,08116,38033,260
138C
Cemeteries - Construction





138D
Cemeteries - Land, Equipment, and Existing Structures





139A
Environmental Protection - All Other - Salaries





139B
Environmental Protection - All Other - All other Direct
193,60485,304


139C
Environmental Protection - All Other - Construction





139D
Environmental Protection All Other - Land, Equipment, and Existing Structures





140AECONOMICPlanning and Zoning - Salaries39,00913,38411,35411,98012,14811,684
140B& PHYSICALPlanning and Zoning - All other Direct68,28070,08561,20559,89667,74766,141
140CDEVELOPPlanning and Zoning - Construction





140D
Planning and Zoning - Land, Equipment, and Existing Structures




1,000
141A
Economic Development - Salaries





141B
Economic Development - All other Direct



1,0001,300
141C
Economic Development - Construction





141D
Economic Development - Land, Equipment, and Existing Structures




155,123
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





146AHUMANHealth - Salaries





146BSERVICESHealth - 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





153ACULTURE Recreation and Parks - Salaries109,73692,03089,78299,386105,25299,486
153BRECREATIONRecreation and Parks - All other Direct147,514151,099147,956183,754154,383132,270
153C
Recreation and Parks - Construction





153D
Recreation and Parks - Land, Equipment, and Existing Structures43,293
11,969-60012,93135,928
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 Direct11,00812,51110,23811,08715,5159,772
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





158AUTILITYWater and Sewer - Salaries464,675451,761669,178713,855708,758656,577
158B
Water and Sewer - All other Direct1,304,3791,179,3861,020,0981,195,053816,191625,035
158C
Water and Sewer - Construction





158D
Water and Sewer - Land, Equipment, and Existing Structures219,105
17,483
253,114139,696
159A
Electric Power - Salaries192,583222,993287,685276,480271,917260,944
159B
Electric Power - All other Direct4,695,8294,366,8304,243,4364,249,5354,296,9854,770,705
159C
Electric Power - Construction





159D
Electric Power - Land, Equipment, and Existing Structures

29,20024,390104,39193,197
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





161BDEBTWater and Sewer - Debt Service Interest Payments13,60113,11911,452
23,10025,054
161DSERVICEWater and Sewer - Debt Service Principal Payments2,3874,2124,212
1,82552,756
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





166D
All Other - Debt Service Principal Payments





167BPENSIONDirect Benefit Program - Pension Fund operated by the Unit





168BFRINGEFringe 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)20,85220,47322,27523,32324,16418,940
172B
Fringe Benefits Other - (B)





173A
Multi-County Library District, County, or Other Municipality Authority





173BINTERGOVMulti-County Library District, County, or Other Municipality (Item number)





173CEXPENDMulti-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 6Current Year Levy Excluding Motor Vehicles1,363,3431,343,7311,203,8071,165,1861,066,5571,063,700
180 OTHERCurrent Year Levy Motor Vehicles Only80,07481,88580,70378,91582,27481,494
181 DATAUncollected Taxes - Current Year's Levy - Excluding Motor Vehicles18,60413,20214,02126,32912,0527,437
182
Uncollected Taxes - Current Year's Levy - Motor Vehicles17,19416,34714,90414,38817,12314,244
183
Percentage of Taxes Collected - Current Year All Property97.5297.9397.7596.7397.4698.11
184
Percentage of Taxes Collected - Current Year - Excluding Motor Vehicles98.6499.0298.8497.7498.8799.30
185
Percentage of Taxes Collected - Current Year - Motor Vehicles78.5380.0481.5381.7779.1982.52
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





189APART 7Cash on Hand and in Bank, and Securities - Held in Debt Service Fund





189BCASH &Cash on Hand and in Bank, and Securities - Construction Bond Fund - Unexpended bond proceeds





189CINVESTCash on Hand and in Bank, and Securities - All Other6,564,7735,480,4154,226,2714,124,6114,421,4734,833,917
190A PARTAppropriations made during the fiscal year pursuant to subsections b (1- 7)





190B 8Expenditures 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.





194APART 9Amounts - Total Revenues and other financing sources per audit11,373,17110,420,8959,425,5398,863,6449,757,12510,561,618
194BFISCALAmounts - Subtract proceeds of refunding debt





194CSUMMARYAmounts - Subtract interfund transfers in504,47655,49315,00097,000308,565800,591
194D
Amounts - Net Revenues per AFIR10,868,69510,365,4029,410,5398,766,6449,448,5609,761,027


Calculated amount10,868,69510,365,4029,410,5398,766,6449,448,5609,761,027


Amounts in AGREEMENT??YesYesYesYesYesYes


Difference





195A
Amounts - Total Expenditures and other financing sources per audit10,432,4498,905,9169,027,7319,313,02710,018,14110,715,891
195B
Amounts - Subtract payments to refunding debt escrow agent





195C
Amounts - Subtract interfund transfers out504,47655,49315,00097,000308,565800,591
195D
Amounts Net Expenditures per AFIR9,927,9738,850,4239,012,7319,216,0279,709,5769,915,300


Calculated amount9,927,9738,850,4239,012,7319,216,0279,709,5769,915,300


Amounts in AGREEMENT??YesYesYesYesYesYes


Difference















PART 10















950
Name of Official SignatoryDIANNE LOWE


951
Title of OfficialFINANCE OFFICER


952
Date Certified10/31/200810/31/200710/31/2006


953
Person to ContactDIANNE LOWE


954
Title of Person to ContactFINANCE OFFICER


955
Telephone Number828-428-5003


956
Facsimile Number







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Key Ratios and Operations Statistics of Water and Sewer Systems for



Town of Maiden













200820072006200520042003








Population
3,4063,3673,3473,2853,2793,269
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
$2,536,2722,235,6812,030,9771,878,1301,805,0701,605,468
Total Operating Revenues Per Capita
$745664607572550491
Group Weighted Average Revenues Per Capita459448428419404402
State Weighted Average Revenues Per Capita364367356331308295








% to Total Operating Revenues






Operating Expenses
87.05%88.92%103.79%123.85%104.67%106.65%
Group Weighted Average
91.63%92.26%96.27%96.60%95.13%94.80%
State Weighted Average
86.74%82.44%81.55%85.60%89.13%90.84%








Operating Margin
12.95%11.08%-3.79%-23.85%-4.67%-6.65%
Group Weighted Average
8.37%7.74%3.73%3.40%4.87%5.20%
State Weighted Average
13.26%17.56%18.45%14.40%10.87%9.16%








Operating Transfers In/(out)
-0.99%-2.48%-0.74%-5.16%0.00%-9.02%
Group Weighted Average
-9.00%-5.05%-5.82%-4.73%-3.32%-8.90%
State Weighted Average
3.96%-0.78%-0.58%-0.79%-1.21%-0.99%








Net Income before capital contributions
14.24%10.62%-3.31%-30.13%-9.25%-14.80%
Group Weighted Average
3.24%3.60%-2.93%0.72%-2.03%-4.48%
State Weighted Average
13.45%11.89%9.65%8.63%2.88%0.31%








Key Ratios and Cash Flow














Quick Ratio
6.0718.0212.0911.215.8112.10
Group Weighted Average
2.372.642.192.442.412.86
State Weighted Average
2.952.902.821.812.763.04








Days Sales in Receivables
29.734.331.730.030.726.1
Group Weighted Average
48.250.155.556.764.871.7
State Weighted Average
55.359.957.859.965.760.0








Days Cash on Hand
448.3356.6226.6168.6236.3345.1
Group Weighted Average
217.5213.5174.3171.2183.7222.8
State Weighted Average
457.8497.5458.0423.5407.9414.8








Cash flow from Operations
$725,282558,649322,545-11,68827,620311,751








Debt to Equity
0.150.060.070.080.070.09
Group Weighted Average
0.150.140.160.150.140.16
State Weighted Average
0.560.550.520.520.520.50








Debt per Capita
419141161182182193
Group Weighted Average
360337367349331349
State Weighted Average
1,1361,091989929855852








Capital Expenditures:
200820072006200520042003


$219,105017,4830253,114139,696










2002200120001999



$412,44942,93921,791195,910









Capital Contributions: Excluded from income above
$1,732,957009,539818,143128,370
















Operating Statistics














Estimated population of the areas served Water03,570NANANANA
Estimated population of the areas served Sewer03,200NANANANA








Number of Gallons of Water Processed (000) omitted3,500467,000NANANANA
Number of Gallons of Sewage Processed (000) omitted200136,000NANANANA








Number of Gallons of Water Billed (000) omitted2465,000NANANANA
Number of Gallons of Sewage Billed (000) omitted1128,000NANANANA








Ratio of Water Billed to Water Processed0.000570.99572NANANANA
Ratio of Sewage Billed to Sewage Processed0.005000.94118NANANANA








Total Revenue from Water Sales128,1961,354,945NANANANA
Total Revenue from Sewage Sales53,403790,290NANANANA








Water Revenue per 1000 gallons of Sales

379.53641NANANANA
Sewage Revenue per 1000 gallons of Sales

246.96563NANANANA








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








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








Residential Water Sales per thousand Gallons$16,812.000004.89213NANANANA
Residential Sewage Sales per thousand Gallons$27,903.000005.63902NANANANA








Water Sales per thousand Gallons outside Municipal Limits
7.41747NANANANA
Sewage Sales per thousand Gallons outside Municipal Limits
9.37411NANANANA








Total Water Sales per thousand gallons for Redistribution$0.000000.00000NANANANA
Total Sewage Sales per thousand gallons for Redistribution$0.000000.00000NANANANA




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Key Ratios of Electric Systems for The




Town of Maiden













200820072006200520042003








Population
3,4063,3673,3473,2853,2793,269
Power Agency Group
N.C. Municipal Power Agency Number 1
Total Operating Revenues
$5,104,9784,868,4534,587,2334,193,2884,608,8335,014,582
Group Weighted Average
22,254,71621,085,16320,184,54819,323,22619,192,98519,102,149








% to Total Operating Revenues






Power Purchases
86.7%85.8%87.2%91.8%85.8%90.6%
Group Weighted Average
78.3%79.0%81.9%82.3%81.6%79.1%








Other Operating Expenses
12.7%12.0%15.8%18.4%18.3%12.5%
Group Weighted Average
17.1%17.6%17.5%15.4%15.3%16.5%








Operating Margin
0.6%2.2%-3.0%-10.2%-4.2%-3.1%
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%-0.1%-8.1%
Group Weighted Average In/(out)
-2.5%-0.8%-2.1%0.3%-1.9%-0.9%








Net Income
0.9%2.5%-2.8%-10.1%-4.7%-9.8%
Group Weighted Average
3.5%4.9%-0.2%3.5%1.8%4.9%








Key Ratios and Cash Flow














Quick Ratio
12.710.97.77.512.816.1
Group Weighted Average
3.84.14.04.64.94.9








Coverage Ratio
1.051.071.010.941.021.01
Group Weighted Average
1.111.101.051.071.071.10








Days Sales in Receivables
30.030.427.419.233.829.4
Group Weighted Average
36.836.333.235.037.334.8








Days Cash on Hand
50.535.817.225.335.638.2
Group Weighted Average
118.3114.5127.6147.3147.5155.0








Cash flow from Operations
$211,537220,797-71,054-123,43427,62085,734








Capital Expenditures:
$0029,20024,390104,39193,197


















200820072006200520042003
Capital Contributions: Excluded from Income Above
$0000026,753








Operating Transfers to the General Fund as a % of GF Revenues
0.00%0.00%0.00%0.00%4.04%14.09%










20022001200019991998


#VALUE!#VALUE!240.00%0.00%0.00%








Gross Electric Fund Assets as Cost
$5,044,5645,044,5645,044,5645,015,3654,990,9754,930,251
Estimated Tax Loss from Municipal Ownership of Utility
$20,178$20,17819,16919,05818,96619,721
Tax Rate Equivalent
0.00570.00570.00600.00590.00630.0072








Operating Transfers to the General Fund as a % of Gross Fixed Assets
0.00%0.00%0.00%0.00%2.50%8.20%








Operating Transfers to the General Fund as a Tax Rate Equivalent
0.00000.00000.00000.00000.04150.1475








Tax Rate Adjusted for Assessed to Sales Ratio
0.39090.37830.36660.37730.37870.3569








Tax Rate Adjusted Excluding Transfers
0.39090.37830.36660.37730.42020.5044








Weighted Average Group Rate Adjusted
0.33230.36330.37190.37680.38120.3776








Weighted Average Non Electric Adjusted Rate
0.24380.26100.29210.30930.33540.3376




Financial Graphs and Comparisons


Go to top of page
Analysis of Available Fund Balance:  General Fund

20042005200620072008
Unit's FBA %26.95%28.70%31.78%59.15%58.46%
Group average FBA %38.97%38.19%39.10%37.68%39.94%
State average Electric/Non Electric Group FBA %36.12%36.30%35.69%34.02%35.36%
State average FBA %36.35%36.76%38.97%36.37%36.20%






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

Go to top of page
Analysis of Property Tax

20042005200620072008
Municipality97.46%96.73%97.75%97.93%97.52%
Pop. Group95.36%95.70%95.42%96.00%96.74%
Statewide97.31%97.42%97.55%97.59%97.97%






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






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Analysis of General Obligation Debt

20042005200620072008
Municipality00000
Pop. Group159162162149152
Statewide548505495478456






Municipal Population Group: 2,500 to 4,999






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Analysis of Revenue

20042005200620072008
Property Tax$348376385422423
Utility1,9561,8901,9772,1102,243
Sales Tax181179202236223
Sales & Services3048487680
Intergovernmental147142144155146
Debt Proceeds00000
Other Miscellaneous22034568076
Total$2,8822,6692,8123,0793,191

Go to top of page
Analysis of Revenue for Fiscal 2008











2008
2008
CategoryRevenue
Per Capita
Property Tax$1,440,638
$423
Water/Sewer2,536,272
745
Electric5,104,978
1,499
Other Utilities0
0
Sales Tax758,576
223
Sales & Services273,341
80
Intergovernment495,848
146
Debt Proceeds0
0
Miscellaneous259,042
76
Total$10,868,695
$3,191





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





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Analysis of Expenditures by Function for Fiscal 2008











2008
2008
CategoryExpenditures
Per Capita
General Government$543,958
$160
Water/Sewer1,988,159
584
Electric4,888,412
1,435
Other Utilities0
0
Debt Service15,988
5
Transportation396,011
116
Public Safety1,452,284
426
Other643,161
189
Total$9,927,973
$2,915





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





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Analysis of Expenditures by Object for Fiscal 2008






2008
2008
CategoryExpenditures
Per Capita
Salaries & Wages$1,582,631
$465
Water/Sewer Capital219,105
64
Electric Capital0
0
Other Capital542,235
159
Other Operating7,584,002
2,226
Total$9,927,973
$2,915





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






Last Updated 8/27/2009 7:39:35 AM