North Carolina
Department of State Treasurer
Financial Information
Town of McAdenville

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

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

Municipality Revenues and Expenditures Financial Profile Go to top of page			2011	2010	2009	2008	2007	2006
	Revenues by Source
		Property Tax	$300,007	322,861	268,740	243,075	198,052	169,071
		Utility	309,609	267,801	254,274	305,951	339,764	403,326
		Sales Tax	67,914	76,530	89,408	87,237	88,697	88,697
		Sales & Services	-	-	-	-	-	-
		Intergovernmental	302,766	224,612	214,402	228,300	215,782	202,220
		Debt Proceeds	2,648	-	-	-	3,454	-
		Other Miscellaneous	2,597	3,799	12,573	14,517	21,108	38,963
		Total	$985,541	895,603	839,397	879,080	866,857	902,277

	Expenditures by Function
		Utility	$314,872	279,279	284,809	347,012	371,618	651,226
		Debt Service	-	289	1,150	8,417	8,130	7,266
		Transportation	15,804	106,576	7,561	21,451	15,660	169,355
		General Government	157,803	192,554	153,433	159,151	122,975	113,736
		Public Safety	252,188	223,972	327,989	300,755	307,181	255,395
		Other	86,814	59,706	53,572	48,000	43,904	42,396
		Total	$827,481	862,376	828,514	884,786	869,468	1,239,374

	Expenditures by Object
		Salaries & Wages	$13,926	143,512	132,653	119,157	101,414	126,784
		Capital Outlay	5,545	5,710	-	850	23,692	209,408
		Other Operating + Debt Service	808,010	713,154	695,861	764,779	744,362	903,182
		Total	$827,481	862,376	828,514	884,786	869,468	1,239,374


	Per Capita Revenues by Source
		Property Tax	$460	533	444	406	332	285
		Utility	475	442	420	512	570	679
		Sales Tax	105	126	148	146	149	149
		Sales & Services	-	-	-	-	-	-
		Intergovernmental	464	371	354	382	362	340
		Debt Proceeds	4	-	-	-	6	-
		Other Miscellaneous	4	6	21	24	35	66
		Total	$1,512	1,478	1,387	1,470	1,454	1,519

	Per Capita Expenditures by Function
		Utility	$483	461	471	580	624	1,096
		Debt Service	-	-	2	14	14	12
		Transportation	24	176	12	36	26	285
		General Government	242	317	253	267	206	192
		Public Safety	387	370	542	503	515	430
		Other	133	99	89	80	74	71
		Total	$1,269	1,423	1,369	1,480	1,459	2,086

	Per Capita Expenditures by Object
		Salaries & Wages	$21	237	219	199	170	213
		Capital Outlay	9	9	-	1	40	353
		Other Operating	1,239	1,177	1,150	1,280	1,249	1,520
		Total	$1,269	1,423	1,369	1,480	1,459	2,086

	Population Group		No Electric 500 to 999	No Electric 500 to 999	No Electric 500 to 999	No Electric 500 to 999	No Electric 500 to 999	No Electric 500 to 999
		Number of Municipalites in Group	92	99	94	96	96	95
		Average Population In Group	717	727	726	729	726	727
		Town of McAdenville Population	652	606	605	598	596	594
	Group Average Per Capita Revenues by Source
		Property Tax	433	411	400	400	335	298
		Utility	690	425	444	423	366	312
		Sales Tax	141	135	165	190	167	155
		Sales & Services	112	67	58	55	51	47
		Intergovernmental	283	320	399	298	361	357
		Debt Proceeds	129	35	90	96	29	45
		Other Miscellaneous	201	146	180	178	232	165
		Total	1,989	1,539	1,736	1,640	1,541	1,379

	Group Average Per Capita Expenditures by Function
		Utility	843	441	428	437	404	484
		Debt Service	167	105	110	97	83	71
		Transportation	144	135	122	148	153	117
		General Government	264	258	309	321	313	224
		Public Safety	338	283	301	294	250	241
		Other	233	279	382	291	279	292
		Total	1,989	1,501	1,652	1,588	1,482	1,429

	Group Average Per Capita Expenditures by Object
		Salaries & Wages	522	425	419	406	352	309
		Capital Outlay	418	241	302	298	334	370
		Other Operating	1,049	835	931	884	796	750
		Total	1,989	1,501	1,652	1,588	1,482	1,429


General Fund Go to top of page			2011	2010	2009	2008	2007	2006
	General Fund revenues		$656,166	629,375	586,963	572,919	523,973	479,099
	General Fund expenditures		492,941	583,097	543,705	537,774	497,850	588,148
	Operating transfers in		-	-	-	-	-	-
	Operating transfers out		56,850	355,548	-	-	-	-
	Capital leases and installment purchase proceeds		-	-	-	-	3,454	20,440
	Other items		-	-	-	-	-	-
	Excess of revenues and other sources over (under) expenditures and other uses		106,375	(309,270)	43,258	35,145	29,577	(88,609)

	Fund balance available (FBA):
		In dollars	$0	250,211	387,085	257,759	299,311	244,005
		FBA as a % of GF Net Expenditures:
		Unit's FBA %	0.00	26.66	71.19	47.93	60.54	42.98
		Group weighted average FBA %	91.95	100.58	103.21	88.65	100.61	101.57
		State weighted average Non-Electric Group	38.21	38.71	37.89	36.66	37.39	37.38
		State weighted average FBA %	38.21	37.47	37.03	36.35	36.54	36.96


Enterprise Funds: Go to top of page
	Water/Sewer

	Combined financial results:
		Working capital	$17,516	(34,169)	(350,047)	(291,514)	(222,906)	(162,937)
		Quick ratio	1.38	0.64	0.16	0.21	0.26	0.24
		Net income	37,122	329,611	(44,799)	(54,875)	(46,235)	(109,238)
		Cashflow from operations	(40,613)	(4,402)	(8,054)	(27,198)	(20,046)	(104,717)
		Depreciation & Amortization Expense	14,563	14,563	14,563	14,563	14,563	11,559



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

		Population at July 1st of the Previous Year	652	606	605	598	596	594
		Population Group	No Electric 500 to 999	No Electric 500 to 999	No Electric 500 to 999	No Electric 500 to 999	No Electric 500 to 999	No Electric 500 to 999
		Cash &Investments	$529,965	$488,964	$494,046	$463,047	$469,937	$484,910
		Investment Earnings	1,322	1,524	5,425	12,328	16,252	12,397
		Tax Rate Equivalent	0.0013	0.0015	0.0061	0.0153	0.0246	0.0222
		Tax Rate Equivalent Group weighted average	0.0032	0.0051	0.0185	0.0245	0.0375	0.0327
		Tax Rate Equivalent Statewide weighted average	0.0156	0.0247	0.0133	0.0524	0.0920	0.0573
		Latest year of Revaluation	2007	2007	2007	2007	2003	2003
		January 1, Prior Year Assessed Valuation	$99,316,874	102,457,378	88,233,742	80,411,500	66,114,092	55,803,754
		Tax Rate	0.3000	0.3000	0.3000	0.3000	0.3000	0.3000
		Tax Rate Group weighted average	0.2037	0.1922	0.1910	0.1936	0.2310	0.2737
		Tax Rate State Wide	0.4122	0.4090	0.4262	0.4238	0.4450	0.4321
		Assessment -to-Sales Ratio	103.22	98.35	93.27	96.87	92.85	97.29
		Assessment -to-Sales Ratio Group weighted average	98.51	101.44	87.47	87.75	77.67	88.06
		Assessment -to-Sales Ratio Statewide	101.47	98.27	90.81	88.53	88.41	92.28
		Assessed Valuation Adjusted for Assesment to Sales Ratio	$96,218,634	104,176,287	94,600,345	83,009,704	71,205,269	57,358,160
		EffectiveTax Rate	0.3097	0.2951	0.2798	0.2906	0.2786	0.2919
		Group weighted average Effective Tax Rate	0.2006	0.1950	0.1670	0.1699	0.1794	0.2410
		Statewide weighted average Effective Tax Rate	0.4183	0.4020	0.3870	0.3752	0.3934	0.3987
		Percent Collected	98.5300	98.8400	98.3900	97.8200	97.0700	96.3300
		Percent Collected Group weighted average	96.40	95.20	95.59	96.16	96.02	95.56
		Percent Collected Statewide	97.59	97.36	97.34	97.56	97.58	97.55
		Percent Collected Excluding Motor Vehicles	98.86	99.36	98.88	98.46	98.14	97.43
		Percent Collected Excluding Motor Vehicles Group weighted average	96.85	96.47	96.77	97.36	97.36	97.10
		Percent Collected Excluding Motor Vehicles Statewide weighted average	98.35	98.23	98.30	98.65	98.59	98.61
		Percent Collected Motor Vehicles Only	90.81	86.76	88.67	86.07	79.73	77.65
		Percent Collected Motor Vehicles Only Group weighted average	84.62	81.89	83.96	83.47	81.48	82.58
		Percent Collected Motor Vehicles Only Statewide weighted average	87.28	86.34	86.55	86.74	86.71	86.80
		Tax Uncollected	15,757	15,028	15,417	16,066	15,092	13,789
		Tax Rate Equivalent	0.0159	0.0147	0.0175	0.0200	0.0228	0.0247
		Dominant County: Gaston
	Debt Information
		Population Group	500 to 999	500 to 999	500 to 999	500 to 999	500 to 999	500 to 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	#N/A	193	200	215	212	223
		Total Per Capita Statewide	#N/A	449	455	456	478	495
		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	#N/A	0.0895%	0.0813%	0.0884%	0.1085%	0.1673%
		Total per Assessed Valuation Adjusted for Current Year Sales - Statewide	#N/A	0.4104%	0.3909%	0.4132%	0.4706%	0.5275%
		Total Authorized but not Issued General Obligation Debt	$0

		Installment Sales Purchases and Lease Obligations
		--Enterprise	$0	0	0	0	0	0
		--General Government	0	0	0	0	0	0
		Total*	$0	0	0	0	0	0
		* 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	2011	2010	2009	2008	2007	2006
	Population at July 1st of the Previous Year Adjusted for Boundry Changes		652	606	605	598	596	594

1.5A	FISCAL	Governmental Activities Assets	1,137,072	1,063,415	1,342,814	1,323,255	1,316,740	1,309,959
1.5B	SUMMARY	Governmental Activities Liabilities	29,761	15,146	34,201	24,958	15,229	17,412
3.5A		Business Type Activities Assets	540,754	559,280	256,713	298,285	384,821	457,920
3.5B		Business Type Activities Liabilties	23,020	78,668	105,712	102,485	134,146	161,010
6.5A		Fiduciary Funds Assets
6.5B		Fiduciary Funds Liabilties
10.0	PART 2	Current Collections of Unit -Wide Levy	296,274	316,008	260,697	237,096	192,714	166,493
11.0	TAX	Current Collections of Special Tax Districts
12.0	REVENUES	Prior Years' Levy Collections	3,111	5,800	5,788	4,524	4,913	2,090
13.0		Penalties and Interest	622	1,053	2,255	1,455	425	488
14.0		Collections of Taxes Previously Written Off
15.0		Animal Tax
15.1		Solid Waste Disposal Tax
16.0		1% Local Government Option Sales Tax	32,528	33,727	37,722	32,496	33,038	33,038
17.0		1/2% Local Government Option Sales Tax (40)	19,701	21,030	20,188	19,541	19,868	19,868
18.0		1/2% Local Government Option Sales Tax (42)	15,790	18,536	20,018	19,419	19,743	19,743
18.5		1/2% Local Government Option Sales Tax (44)	-105	3,237	11,480	15,781	16,048	16,048
19.0		Privilege Licenses
19.2		Privilege -- All other privileges and pemits
20.0		Auto Licenses
21.0		Vehicle Tax for Public Transportation
22.0		Other Licenses			1,155	1,414	3,856	4,876
23.0		Local Occupancy Tax
24.0		Prepared Food Tax
25.0		911 Charges
26.0		Gross Short Term lease and Rental Tax
27.0	FEDERAL	Payments In Lieu of Taxes - Federal
28.0	INTERGOV	Equitable Sharing of Fed. Forfeited Prop.
29.0	REVENUES	General Government
30.0		Public Safety
31.0		Transportation - Streets
32.0		Transportation - All Other
33.0		Environmental Protection
34.0		Econ. & Phys. Dev. - Housing/Comm. Dev.	19,668
35.0		Econ. & Phys. Dev. - All Other
36.0		Human Services: Health, Mental Hlt & Hosp
37.0		Human Services: All Other
38.0		Culture & Recreation
39.0	STATE	Payments In Lieu of Taxes - State
40.0	INTERGOV	Unauthorized Substance Tax
41.0	REVENUES	Transitional Hold Harmless	19,016	12,167
42.0		Wireless Enhanced 911 Service Charges
42.1		Emergency Telephone Services Fund (ETSF) Revenues (Do not include interest)
42.2		ETSF Interest Income
43.0		Piped Natural Gas Charge Distribution
44.0		Utility Franchise Tax	248,188	196,207	197,438	209,179	198,080	183,128
45.0		Beer and Wine Tax
46.0		Powell Bill	15,849	15,780	16,864	18,894	16,949	18,686
50.0		Court Fees - Facilities and Arrest Fees	45	458	100	227	753	406
51.0		General Government
52.0		Public Safety
53.0		Transportation - Streets
54.0		Transportation - All Other
55.0		Environmental Protection
56.0		Econ. & Phys. Dev. - Housing/Community Dev
57.0		Econ. & Phys. Dev. - All Other
58.0		Human Services -Health, Mental Health, Hosp
59.0		Human Services - All Other
60.0		Culture and Recreation
61.0	LOCAL	Payments in Lieu of Taxes - Local
62.0	INTERGOV	General Government
63.0	REVENUES	Public Safety
64.0		Transportation - Streets
65.0		Transportation - All Other
66.0		Environmental Protection
67.0		Economic and Physical Development
68.0		Human Services - Health, Mental Hlt & Hosp
69.0		Human Services - All Other
70.0		Culture and Recreation
71.0	PERMITS	Building Permits	275	275	275	775	1,000	1,250
72.0	& FEES	Inspection Fees
72.1		Amusements licensing and permit taxes
73.0		Other Permits
74.0	SALES &	Parking Revenues
75.0	SERVICES	Rents and Royalties
76.0		Airport
77.0		Fire Protection Charges
78.0		Solid Waste
79.0		Ambulance and Rescue Squad Charges
80.0		Cemeteries
81.0		Recreation Service Revenues
82.0		Library Service Revenues
83.0		Other Cultural and Rec Service Revenues
84.0		Mass Transit - City Operated
85.0		Other Sales and Services
86.0	UTILITY	Water and Sewer Charges	309,609	267,801	254,274	305,951	339,764	403,326
87.0	REVENUES	Electric Charges
88.0		Gas Charges
88.1		Storm Water Fees
89.0	MISC.	Investment Earnings - Bond Proceeds
90.0	REVENUES	Investment Earnings - All Other Funds	1,322	1,524	5,425	12,328	16,252	12,397
91.0		Special Assessments
92.0		Private Contributions and Donations	1,000	2,000
93.0		Sales of Materials and Fixed Assets			5,718
94.0		Sale of Real Property
95.0		Nongovt Contr For Streets & Traffic Signals
96.0		ABC Mixed Drink Surcharge
97.0		ABC Profit Distribution
98.0		Other Miscellaneous Revenues	2,648
99.0		Proceeds of Sale of Bonds and Notes					3,454
100.0		Proceeds of Capital Leases/Install Purchases						20,440
101.0		Other		1,677	2,139	539	516	588
102.0	NON-REV	School - Current Levy Collections
103.0	RECEIPTS	Prior Years' Levy Collections
104.0		Tax Collections for Other Units
105.0		Utilities Customer's Deposits
106.0		Deposits Other than Utility
107.0		Prepaid Taxes
108.0		Prepaid Privilege Licenses
109A	PART 4	Governing Body - Salaries & Wages
109B	GENERAL	Governing Body - Other Direct
109C	GOVT	Governing Body - Construction
109D		Governing Body - Purchase of P,P&E
110A		Administration - Salaries & Wages
110B		Administration - Other Direct
110C		Administration - Construction
110D		Administration - Purchase of P,P&E
111A		Elections - Salaries & Wages
111B		Elections - Other Direct		1,185		896		1,112
111C		Elections - Construction
111D		Elections - Purchase of P,P&E
112A		Finance - Salaries & Wages	9,705	58,479	48,561	38,232	27,483	34,202
112B		Finance - Other Direct	114,340	105,840	77,141	93,273	65,362	43,045
112C		Finance - Construction
112D		Finance - Purchase of P,P&E	5,545	5,710		850	3,453	10,278
113A		Taxes - Salaries & Wages
113B		Taxes - Other Direct
113C		Taxes - Construction
113D		Taxes - Purchase of P,P&E
114A		Legal - Salaries & Wages
114B		Legal - Other Direct	3,781	2,360	3,110	4,072	6,505	8,415
114C		Legal - Construction
114D		Legal - Purchase of P,P&E
115A		Public Buildings - Salaries & Wages
115B		Public Buildings - Other Direct	24,432	18,980	24,621	21,828	20,172	16,684
115C		Public Buildings - Construction
115D		Public Buildings - Purchase of P,P&E
116A		Court Facilities - Salaries & Wages
116B		Court Facilities - Other Direct
116C		Court Facilities - Construction
116D		Court Facilities - Purchase of P,P&E
117A		Central Services - Salaries & Wages
117B		Central Services - Other Direct
117C		Central Services - Construction
117D		Central Services - Purchase of P,P&E
118A		Gen. Govt. All Other - Salaries & Wages
118B		Gen. Govt. All Other - Other Direct
118C		Gen. Govt. All Other - Construction
118D		Gen. Govt. All Other - Purchase of P,P&E
119A	PUBLIC	Police & Comm - Traffic Control - Salaries and Wages		71,731	70,099	68,949	61,814	80,583
119B	SAFETY	Police & Comm - Traffic Control - Other Direct	198,188	93,734	199,236	179,232	178,300	85,487
119C		Police & Comm - Traffic Control - Construction
119D		Police & Comm - Traffic Control - Purchase of P,P&E					4,579	28,497
120A		Emergency Communications - Salaries & Wages
120B		Emergency Communications - Other Direct
120C		Emergency Communications - Construction
120D		Emergency Communications - Purchase of P,P&E
120B		Emergency Telephone Service Fund (ETSF) Expenditures - Operating
120C		ETSF Expenditures - Capital Construction
120D		ETSF Expenditures - Capital Purchases
121A		Emergency Mgmt - Salaries & Wages
121B		Emergency Mgmt - Other Direct
121C		Emergency Mgmt - Construction
121D		Emergency Mgmt - Purchase of P,P&E
122A		Fire - Salaries & Wages
122B		Fire - Other Direct	54,000	45,000	45,000	40,000	50,897	45,935
122C		Fire - Construction
122D		Fire - Purchase of P,P&E
123A		Inspectors - Salaries & Wages
123B		Inspectors - Other Direct
123C		Inspectors - Construction
123D		Inspectors - Purchase of P,P&E
124A		Rescue Units - Salaries & Wages
124B		Rescue Units - Other Direct
124C		Rescue Units - Construction
124D		Rescue Units - Purchase of P,P&E
125A		Animal Control - Salaries & Wages
125B		Animal Control - Other Direct
125C		Animal Control - Construction
125D		Animal Control - Purchase of P,P&E
126A		Pub. Safety All Other - Salaries & Wages
126B		Pub. Safety All Other - Other Direct
126C		Pub. Safety All Other - Construction
126D		Pub. Safety All Other - Purchase of P,P&E
127A	TRANSPOR	Traffic Engineering - Salaries & Wages
127B	TATION	Traffic Engineering - Other Direct
127C		Traffic Engineering - Construction
127D		Traffic Engineering - Purchase of P,P&E
128A		Streets and Highways - Salaries & Wages
128B		Streets and Highways - Other Direct	11,534	9,112	4,661	17,036
128C		Streets and Highways - Construction
128D		Streets and Highways - Purchase of P,P&E						20,412
129A		Street Cleaning - Salaries & Wages
129B		Street Cleaning - Other Direct
129C		Street Cleaning - Construction
129D		Street Cleaning - Purchase of P,P&E
130A		Powell Bill - Salaries & Wages
130B		Powell Bill - Other Direct	4,270	97,464	2,900	4,415		148,943
130C		Powell Bill - Construction					15,660
130D		Powell Bill - Purchase of P,P&E
131A		Parking Facilities - Salaries & Wages
131B		Parking Facilities - Other Direct
131C		Parking Facilities - Construction
131D		Parking Facilities - Purchase of P,P&E
132A		Mass Transit - City - Salaries & Wages
132B		Mass Transit - City - Other Direct
132C		Mass Transit - City - Construction
132D		Mass Transit - City - Purchase of P,P&E
133B		Mass Transit - Private - Other Direct
134A		Airport - Salaries & Wages
134B		Airport - Other Direct
134C		Airport - Construction
134D		Airport - Purchase of P,P&E
135A		Transpor. All Other - Salaries & Wages
135B		Transpor. All Other - Other Direct
135C		Transpor. All Other - Construction
135D		Transpor. All Other - Purchase of P,P&E
136A	ENVIRON	Solid Waste - Salaries & Wages
136B	MENTAL	Solid Waste - Other Direct	65,145	51,655	48,949	44,185	39,924	36,915
136C	PROTECTION	Solid Waste - Construction
136D		Solid Waste - Purchase of P,P&E
137A		Drainage & Watershed - Salaries & Wages
137B		Drainage & Watershed - Other Direct
137C		Drainage & Watershed - Construction
137D		Drainage & Watershed - Purchase of P,P&E
138A		Cemeteries - Salaries & Wages
138B		Cemeteries - Other Direct
138C		Cemeteries - Construction
138D		Cemeteries - Purchase of P,P&E
139A		Environ. All Other - Salaries & Wages
139B		Environ. All Other - Other Direct
139C		Environ. All Other - Construction
139D		Environ. All Other - Purchase of P,P&E
140A	ECONOMIC	Planning & Zoning - Salaries & Wages
140B	& PHYSICAL	Planning & Zoning - Other Direct
140C	DEVELOP	Planning & Zoning - Construction
140D		Planning & Zoning - Purchase of P,P&E
141A		Economic Development - Salaries & Wages
141B		Economic Development - Other Direct
141C		Economic Development - Construction
141D		Economic Development - Purchase of P,P&E
142A		Community Development - Salaries & Wages
142B		Community Development - Other Direct	19,668
142C		Community Development - Construction
142D		Community Development - Purchase of P,P&E
143A		Housing & Urban Renewal - Salaries & Wages
143B		Housing & Urban Renewal - Other Direct
143C		Housing & Urban Renewal - Construction
143D		Housing & Urban Renewal - Purchase of P,P&E
144A		Special Empl Programs - Salaries & Wages
144B		Special Empl Programs - Other Direct
144C		Special Empl Programs - Construction
144D		Special Empl Programs - Purchase of P,P&E
145A		Econ. Dev. All Other - Salaries & Wages
145B		Econ. Dev. All Other - Other Direct
145C		Econ. Dev. All Other - Construction
145D		Econ. Dev. All Other - Purchase of P,P&E
146A	HUMAN	Health - Salaries & Wages
146B	SERVICES	Health - Other Direct
146C		Health - Construction
146D		Health - Purchase of P,P&E
147A		Mental Health - Salaries & Wages
147B		Mental Health - Other Direct
147C		Mental Health - Construction
147D		Mental Health - Purchase of P,P&E
148A		Social Services - Salaries & Wages
148B		Social Services - Other Direct
148C		Social Services - Construction
148D		Social Services - Purchase of P,P&E
149B		Hospital-City - Other Direct
150B		Hospital-Private - Other Direct
151A		Legal Aid - Salaries & Wages
151B		Legal Aid - Other Direct
151C		Legal Aid - Construction
151D		Legal Aid - Purchase of P,P&E
152A		Human Serv. All Other - Salaries & Wages
152B		Human Serv. All Other - Other Direct
152C		Human Serv. All Other - Construction
152D		Human Serv. All Other - Purchase of P,P&E
153A	CULTURE	Recreation & Parks - Salaries & Wages
153B	RECREATION	Recreation & Parks - Other Direct
153C		Recreation & Parks - Construction
153D		Recreation & Parks - Purchase of P,P&E
154A		Coliseum - Salaries & Wages
154B		Coliseum - Other Direct
154C		Coliseum - Construction
154D		Coliseum - Purchase of P,P&E
155A		Museums - Salaries & Wages
155B		Museums - Other Direct
155C		Museums - Construction
155D		Museums - Purchase of P,P&E
156A		Libraries - Salaries & Wages
156B		Libraries - Other Direct
156C		Libraries - Construction
156D		Libraries - Purchase of P,P&E
157A		Cult. & Recr. All Other - Salaries & Wages
157B		Cult. & Recr. All Other - Other Direct
157C		Cult. & Recr. All Other - Construction
157D		Cult. & Recr. All Other - Purchase of P,P&E
158A	UTILITY	Water & Sewer - Salaries & Wages	4,221	13,302	13,993	11,976	12,117	11,999
158B		Water & Sewer - Other Direct	310,651	265,977	270,816	335,036	359,501	489,006
158C		Water & Sewer - Construction
158D		Water & Sewer - Purchase of P,P&E						150,221
159A		Electric Power - Salaries & Wages
159B		Electric Power - Other Direct
159C		Electric Power - Construction
159D		Electric Power - Purchase of P,P&E
160A		Natural Gas - Salaries & Wages
160B		Natural Gas - Other Direct
160C		Natural Gas - Construction
160D		Natural Gas - Purchase of P,P&E
161.1A		Storm Water - Salaries & Wages
161.1B		Storm Water - Other Direct
161.1C		Storm Water - Construction
161.1D		Storm Water - Purchase of P,P&E
161B	DEBT	Water & Sewer - Interest & Fees
161D	SERVICE	Water & Sewer - Principal
162B		Electric - Interest & Fees
162D		Electric - Principal
163B		Gas - Interest & Fees
163D		Gas - Principal
164B		School - Interest & Fees
164D		School - Principal
165B		Hospital - Interest & Fees
165D		Hospital - Principal
166B		All Other - Interest & Fees				463	896
166D		All Other - Principal		289	1,150	7,954	7,234	7,266
167B	PENSION	Direct Benefit Program - Other Direct
168B	FRINGE	Fringe Benefits Unallocated
169B		Separation Allowance - Law Enforcement		9,920	10,029	9,247	8,500	10,936
170B		Separation Allowance - Other Employees	2,001	8,051	4,623	3,815	3,980	5,481
171B		Supplemental Retirement - Law Enforcement		3,587	3,625	3,327	3,091	3,957
172B		Fringe Benefits Other
173A	INTERGOV	Multi-Cnty Libr Dis,Cnty,Or Other - Recipient
173B	EXPEND	Multi-Cnty Libr Dis,Cnty,Or Other - Item #
173C		Multi-Cnty Libr Dis,Cnty,Or Other - Amount
174A		Gen Gov Activities Shared W/ Cnty - Recipient
174B		Gen Gov Activities Shared W/ Cnty - Item #
174C		Gen Gov Activities Shared W/ Cnty - Amount
175A		Highways (Payments to State) - Recipient
175B		Highways (Payments to State) - Item No.
175C		Highways (Payments to State) - Amount
176A		Other - Intergovt. Expenditures - Recipient
176B		Other - Intergovt. Expenditures - Item #
176C		Other - Intergovt. Expenditures - Amount
177A		Other - Intergovt. Expenditures - Recipient
177B		Other - Intergovt. Expenditures - Item #
177C		Other - Intergovt. Expenditures - Amount
178A		Other - Intergovt. Expenditures - Recipient
178B		Other - Intergovt. Expenditures - Item #
178C		Other - Intergovt. Expenditures - Amount
179.0		Current year's levy -- Excluding motor vehicles	288,229.	306,645.00	252,370.00	229,862.00	186,916.00	163,244.00
180.0		Current year's levy -- Motor vehicles (only)	12,474.	13,060.00	12,585.00	12,522.00	11,623.00	9,591.00
181.0	PART 6	Uncollected Taxes - Current Year's Levy Except Mot Veh	3,283.	1,968.00	2,832.00	3,544.00	3,469.00	4,198.00
182.0	OTHER	Uncollected Taxes - CY Levy -Motor Vehicles	1,146	1,729	1,426	1,744	2,356	2,144
183.0	DATA	Percentage of Taxes Collected - All Property %	98.53	98.84	98.39	97.82	97.07	96.33
184.0	DATA	Percentage of Taxes Collected - Exclude Motor Vehicles%	98.86	99.36	98.88	98.46	98.14	97.43
185.0		Percentage of Taxes Collected - Motor Vehicles %	90.81	86.76	88.67	86.07	79.73	77.65
186.0		Ttl Amt Salaries/Wages for Construction
187A		Capital Reserve Schools - July 1, 2009
187B		Capital Reserve Schools - June 30, 2010
188A		Capital Reserve Hospitals - July 1, 2009
188B		Capital Reserve Hospitals - June 30, 2010
189A	PART 7	Cash On Hand & in Bank - Debt Service
189B	CASH &	Cash On Hand & in Bank - Construction Bond
189C	INVEST	Cash On Hand & in Bank - All Other	529,965	488,964	494,046	463,047	469,937	484,910
190A	PART	Appropriations Made During FY - B(1) - B(7)
190B	8	Expenditures Made During FY - B(1) - B(7)
191.0		Investment in Property - B(1) - B(4)
192.0		Amount Expended During FY - B(5) and B(7)
193.0		Amount of Tax Revenues Taken Into Account
194A	PART 9	Amount - Total Revenues	1,042,391	1,252,828	841,536	879,619	867,373	902,865
194B	FISCAL	Amount - Subtract Refunding Bond Proceeds
194C	SUMMARY	Amount - Subtract Interfund Transfers In	56,850	355,548
194D		Amount - Net Revenues	985,541	897,280	841,536	879,619	867,373	902,865
		Calculated amount	985,541	897,280	841,536	879,619	867,373	902,865
		Amounts in AGREEMENT??	Yes	Yes	Yes	Yes	Yes	Yes
		Difference
195A		Amount - Total Expenditures	884,331	1,217,924	828,514	884,786	869,468	1,239,374
195B		Amount - Subtract Pymts. to Refunded Debt Agent
195C		Amount - Subtract Interfund Transfers Out	56,850	355,548
195D		Amount - Net Expenditures	827,481	862,376	828,514	884,786	869,468	1,239,374
		Calculated amount	827,481	862,376	828,514	884,786	869,468	1,239,374
		Amounts in AGREEMENT??	Yes	Yes	Yes	Yes	Yes	Yes
		Difference

401A	Part 10	Number of residential accounts billed Water
401B	Water /	Number of residential accounts billed Sewer
402A	Sewer	Amount processed and/or purchased in units Water	66		60,255	82,015
402B	Operations	Amount processed and/or purchased in units Sewer	11
403A		Total amount billed in units - Water			51	71,237
403B		Total amount billed in units - Sewer			9
404A		Of the total in 403A above how many units were Residential W			16	14,801
404B		Of the total in 403B above how many units were Residential S
405A		Of the total in 403 above, how many units were Outside Muni W
405B		Of the total in 403 above, how many units were Outside Muni S
406A		Of the total in 405A above how many units were Residential W
406B		Of the total in 405B above how many units were Residential S
407A		Of the total in 403A, how many units were sold for redistribution
407B		Of the total in 403B how many unit were delivered in bulk	239,296		254,274	250,235
408A		Dollars related to 403A above	55,057		36,404
408B		Dollars related to 403B above	80,316		117,377	59,204
409A		Dollars related to 404A above	55,057		36,404	44,836
409B		Dollars related to 404B above
410A		Dollars related to 405A above
410B		Dollars related to 405B above
411A		Dollars related to 406A above
411B		Dollars related to 406B above
412A		Dollars related to 407A above
412B		Dollars related to 407B above	276		295	278
421A		Number of residential accounts billed - Water	172		172	171
421B		Number of residential accounts billed - Sewer	1		1	1
422A		Number of non-residential & bulk accounts billed - Water
422B		Number of non-residential & bulk accounts billed - Sewer	2	2	2	2	2	2
423A		Estimated percentage of accounts outside of municipal limits



950.0		Official	R. Gene McCombs
951.0		Title	Town Administrator
952.0		Date	10/14/2011	11/15/2010	11/25/2009	10/27/2008	05/07/2008	01/16/2007
953.0		Contact	R. Gene McCombs
954.0		Title	Town Administrator
955.0		Phone	704-824-3190
956.0		Fax
957.0		E-Mail:

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

	2011	2010	2009	2008	2007	2006

Population	652	606	605	598	596	594
Population Group	No Electric 500 to 999	No Electric 500 to 999	No Electric 500 to 999	No Electric 500 to 999	No Electric 500 to 999	No Electric 500 to 999
Total Operating Revenues	$309,609	267,801	254,274	305,951	339,764	403,326
Total Operating Revenues Per Capita	$475	442	420	512	570	679
Group Weighted Average Revenues Per Capita	137	275	277	274	258	215
State Weighted Average Revenues Per Capita	20	273	252	255	255	249

% to Total Operating Revenues
Operating Expenses	106.40%	109.72%	117.74%	118.18%	113.66%	127.08%
Group Weighted Average	106.09%	108.37%	108.99%	108.37%	108.05%	109.50%
State Weighted Average	92.57%	83.23%	87.16%	84.09%	80.04%	79.35%

Operating Margin	-6.40%	-9.72%	-17.74%	-18.18%	-13.66%	-27.08%
Group Weighted Average	-6.09%	-8.37%	-8.99%	-8.37%	-8.05%	-9.50%
State Weighted Average	7.43%	16.77%	12.84%	15.91%	19.96%	20.65%

Operating Transfers In	18.36%	5.88%	0.00%	0.00%	0.00%	0.00%
Group Weighted Average	4.09%	1.06%	5.05%	4.83%	8.65%	8.02%
State Weighted Average	11.39%	1.58%	1.20%	1.31%	1.10%	1.56%

Operating Transfers Out	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Group Weighted Average	2.11%	0.62%	0.69%	0.94%	4.11%	5.64%
State Weighted Average	17.30%	1.55%	2.65%	3.15%	1.85%	2.84%

Net Income before capital contributions	11.99%	123.08%	-17.62%	-17.94%	-13.61%	-27.08%
Group Weighted Average	48.01%	28.10%	44.73%	20.28%	46.94%	46.03%
State Weighted Average	212.96%	15.81%	-9.94%	18.14%	25.59%	24.27%

Key Ratios and Cash Flow

Quick Ratio	1.38	0.64	0.16	0.21	0.26	0.24
Group Weighted Average	3.80	3.46	3.30	2.93	2.76	3.51
State Weighted Average	3.94	3.21	2.82	2.96	2.91	2.83

Days Sales in Receivables	8.0	39.0	50.6	31.0	48.3	48.1
Group Weighted Average	24.9	62.5	55.9	47.5	49.0	47.0
State Weighted Average	13.0	57.9	58.5	56.6	61.6	59.8

Days Cash on Hand	31.1	43.9	42.4	54.7	34.2	0.0
Group Weighted Average	-2,184.7	602.4	648.8	600.1	591.3	635.4
State Weighted Average	-80.4	613.4	559.6	588.2	645.7	570.9

Cash flow from Operations	-$40,613	-4,402	-8,054	-27,198	-20,046	-104,717

Debt to Equity	0.00	0.06	0.37	0.00	0.00	0.00
Group Weighted Average	0.12	0.12	0.12	0.13	0.14	0.15
State Weighted Average	0.31	0.59	0.54	0.54	0.55	0.55

Debt per Capita	0	47	94	0	0	0
Group Weighted Average	160	273	283	311	316	288
State Weighted Average	34	897	784	781	761	733

Capital Expenditures:	2011	2010	2009	2008	2007	2006
	$0	0	0	0	0	0

	2005	2004	2003	2002
	$0	0	0	0

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


Operating Statistics

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

Number of Gallons of Water Processed (000) omitted	66	0	60,255	82,015	0	NA
Number of Gallons of Sewage Processed (000) omitted	11	0	0	0	0	NA

Number of Gallons of Water Billed (000) omitted	0	0	51	71,237	0	NA
Number of Gallons of Sewage Billed (000) omitted	0	0	9	0	0	NA

Ratio of Water Billed to Water Processed	0.00000		0.00085	0.86859		NA
Ratio of Sewage Billed to Sewage Processed	0.00000					NA

Total Revenue from Water Sales	239,296	0	254,274	250,235	0	NA
Total Revenue from Sewage Sales	55,057	0	36,404	0	0	NA

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

Group Average Sales per thousand Gallons Water	$0.00342	$25.16691	$28.47236	$12,972.02948	$5,350.70834	NA
Group Average Sales per thousand Gallons Sewage	$0.00223	$48.57325	$47.83284	$11,816.81710	$3,994.76021	NA

State Average Sales per thousand Gallons Water	$0.00342	$25.16691	$28.47236	$12,972.02948	$5,350.70834	NA
State Average Sales per thousand Gallons Sewage	$0.00223	$48.57325	$47.83284	$11,816.81710	$3,994.76021	NA

Residential Water Sales per thousand Gallons			7,519.34657	4.00000		NA
Residential Sewage Sales per thousand Gallons			4,000.43956	4.00000		NA

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

Total Water Sales per thousand gallons for Redistribution	$0.00000	0.00000	0.00000	0.00000	0.00000	NA
Total Sewage Sales per thousand gallons for Redistribution	$0.00000	0.00000	0.00000	0.00000	0.00000	NA

Financial Graphs and Comparisons

Analysis of Available Fund Balance: General Fund
Analysis of Property Tax Collection %
Analysis of General Obligation Debt
Analysis of Revenue (5 years)
Analyis of Revenue (most recent fiscal year)
Analysis of Expenditures by Function
Analysis of Expenditures by Object

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Analysis of Available Fund Balance: General Fund

	2007	2008	2009	2010	2011
Unit's FBA %	60.54%	47.93%	71.19%	26.66%	0.00%
Group average FBA %	100.61%	88.65%	103.21%	100.58%	91.95%
State average Electric/Non Electric Group FBA %	37.39%	36.66%	37.89%	38.71%	38.21%
State average FBA %	36.54%	36.35%	100.61%	37.47%	38.21%

Municipal Population Group: No Electric 500 to 999

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2007 2008 2009 2010 2011

Municipality 97.07% 97.82% 98.39% 98.84% 98.53%

Pop. Group 96.02% 96.16% 95.59% 95.20% 96.40%

Statewide 97.58% 97.56% 97.34% 97.36% 97.59%

Municipal Population Group: No Electric 500 to 999

	2007	2008	2009	2010	2011
Municipality	97.07%	97.82%	98.39%	98.84%	98.53%
Pop. Group	96.02%	96.16%	95.59%	95.20%	96.40%
Statewide	97.58%	97.56%	97.34%	97.36%	97.59%

Municipal Population Group: No Electric 500 to 999

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2007 2008 2009 2010 2011

Municipality 0 0 0 0 0

Pop. Group 212 215 200 193 #N/A

Statewide 478 456 455 449 #N/A

Municipal Population Group: 500 to 999

	2007	2008	2009	2010	2011
Municipality	0	0	0	0	0
Pop. Group	212	215	200	193	#N/A
Statewide	478	456	455	449	#N/A

Municipal Population Group: 500 to 999

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2007 2008 2009 2010 2011

Property Tax $332 406 444 533 460

Utility 570 512 420 442 475

Sales Tax 149 146 148 126 105

Sales & Services 0 0 0 0 0

Intergovernmental 362 382 354 371 464

Debt Proceeds 6 0 0 0 4

Other Miscellaneous 35 24 21 6 4

Total $1,454 1,470 1,387 1,478 1,512

	2007	2008	2009	2010	2011
Property Tax	$332	406	444	533	460
Utility	570	512	420	442	475
Sales Tax	149	146	148	126	105
Sales & Services	0	0	0	0	0
Intergovernmental	362	382	354	371	464
Debt Proceeds	6	0	0	0	4
Other Miscellaneous	35	24	21	6	4
Total	$1,454	1,470	1,387	1,478	1,512

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2011
2011

Category Revenue
Per Capita

Property Tax $300,007
$460

Water/Sewer 0
0

Electric 309,609
475

Other Utilities 0
0

Sales Tax 67,914
105

Sales & Services 0
0

Intergovernment 302,766
464

Debt Proceeds 2,648
4

Miscellaneous 2,597
4

Total $985,541
$1,512

Municipal Population Group: No Electric 500 to 999

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2011
2011

Category Expenditures
Per Capita

General Government $157,803
$242

Water/Sewer 0
0

Electric 314,872
483

Other Utilities 0
0

Debt Service 0
0

Transportation 15,804
24

Public Safety 252,188
387

Other 86,814
133

Total $827,481
$1,269

Municipal Population Group: No Electric 500 to 999

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2011
2011

Category Expenditures
Per Capita

Salaries & Wages $13,926
$21

Water/Sewer Capital 0
0

Electric Capital 0
0

Capital Outlay 5,545
9

Other Operating 808,010
1,239

Total $827,481
$1,269

Municipal Population Group: No Electric 500 to 999

Last Updated 1/31/2012 4:19:48 PM



	2011	2011
Category	Revenue	Per Capita
Property Tax	$300,007	$460
Water/Sewer	0	0
Electric	309,609	475
Other Utilities	0	0
Sales Tax	67,914	105
Sales & Services	0	0
Intergovernment	302,766	464
Debt Proceeds	2,648	4
Miscellaneous	2,597	4
Total	$985,541	$1,512

Municipal Population Group: No Electric 500 to 999

North CarolinaDepartment of State TreasurerFinancial InformationTown of McAdenville

Financial Graphs and Comparisons

North Carolina
Department of State Treasurer
Financial Information
Town of McAdenville