North Carolina
Department of State Treasurer
Financial Information
Town of Pineville

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

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

Municipality Revenues and Expenditures Financial Profile Go to top of page			2008	2007	2006	2005	2004	2003
	Revenues by Source
		Property Tax	$3,710,257	3,555,102	3,468,831	3,096,341	2,921,157	2,502,017
		Utility	12,069,749	11,259,617	11,074,797	10,903,962	11,028,653	10,533,584
		Sales Tax	995,001	958,024	851,057	805,233	661,338	449,636
		Sales & Services	94,048	101,026	78,542	77,839	64,655	85,425
		Intergovernmental	1,729,433	1,448,940	1,317,037	1,290,289	1,232,105	1,243,681
		Debt Proceeds	-	-	750,000	1,225,066	-	-
		Other Miscellaneous	2,573,719	2,769,077	2,160,989	1,632,811	1,129,651	1,153,558
		Total	$21,172,207	20,091,786	19,701,253	19,031,541	17,037,559	15,967,901

	Expenditures by Function
		Utility	$11,648,767	12,985,927	12,214,737	11,152,381	10,250,568	10,188,779
		Debt Service	430,129	454,211	393,613	301,551	118,750	128,309
		Transportation	526,441	642,119	633,552	585,748	587,863	417,285
		General Government	883,794	1,355,313	502,269	326,358	285,779	239,849
		Public Safety	3,814,770	3,568,582	3,346,379	4,190,335	2,755,511	2,563,159
		Other	2,250,988	3,063,370	1,541,068	1,382,478	1,484,467	972,330
		Total	$19,554,889	22,069,522	18,631,618	17,938,851	15,482,938	14,509,711

	Expenditures by Object
		Salaries & Wages	$3,601,006	3,379,893	3,319,844	3,314,057	3,018,480	2,798,856
		Capital Outlay	2,512,106	6,000,397	2,514,382	3,125,909	1,376,370	1,427,805
		Other Operating + Debt Service	13,441,777	12,689,232	12,797,392	11,498,885	11,088,088	10,283,050
		Total	$19,554,889	22,069,522	18,631,618	17,938,851	15,482,938	14,509,711


	Per Capita Revenues by Source
		Property Tax	$504	515	513	748	735	621
		Utility	1,638	1,633	1,636	2,634	2,775	2,616
		Sales Tax	135	139	125	195	166	112
		Sales & Services	13	15	12	19	16	21
		Intergovernmental	235	210	195	312	310	309
		Debt Proceeds	-	-	111	296	-	-
		Other Miscellaneous	349	401	319	394	284	286
		Total	$2,874	2,913	2,911	4,598	4,286	3,965

	Per Capita Expenditures by Function
		Utility	$1,581	1,883	1,805	2,694	2,579	2,530
		Debt Service	58	66	58	73	30	32
		Transportation	71	93	94	142	148	104
		General Government	120	197	74	79	72	60
		Public Safety	518	517	494	1,012	693	636
		Other	306	444	228	334	373	241
		Total	$2,654	3,200	2,753	4,334	3,895	3,603

	Per Capita Expenditures by Object
		Salaries & Wages	$489	490	491	801	759	695
		Capital Outlay	341	870	372	755	346	355
		Other Operating	1,824	1,840	1,890	2,778	2,790	2,553
		Total	$2,654	3,200	2,753	4,334	3,895	3,603

	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	21	20	20	20	19	20
		Average Population In Group	5,139	5,149	5,074	4,832	4,875	5,080
		Town of Pineville Population	7,368	6,897	6,768	4,139	3,975	4,027
	Group Average Per Capita Revenues by Source
		Property Tax	280	301	285	282	274	267
		Utility	1,888	1,895	1,850	1,792	1,806	1,724
		Sales Tax	146	162	152	152	142	121
		Sales & Services	133	120	119	117	119	126
		Intergovernmental	186	220	226	301	300	255
		Debt Proceeds	153	124	54	43	40	34
		Other Miscellaneous	201	184	125	98	126	113
		Total	2,987	3,006	2,811	2,785	2,807	2,640

	Group Average Per Capita Expenditures by Function
		Utility	1,755	1,700	1,712	1,726	1,753	1,734
		Debt Service	135	109	99	99	98	107
		Transportation	120	148	136	140	135	122
		General Government	148	181	163	174	180	166
		Public Safety	410	405	362	361	331	303
		Other	368	365	329	260	250	243
		Total	2,936	2,908	2,801	2,760	2,747	2,675

	Group Average Per Capita Expenditures by Object
		Salaries & Wages	602	595	593	595	576	520
		Capital Outlay	432	375	348	289	265	363
		Other Operating	1,902	1,938	1,860	1,876	1,906	1,792
		Total	2,936	2,908	2,801	2,760	2,747	2,675


General Fund Go to top of page			2008	2007	2006	2005	2004	2003
	General Fund revenues		$8,408,642	8,010,750	7,289,654	6,470,213	5,823,502	5,268,569
	General Fund expenditures		7,656,584	8,512,377	6,046,228	6,628,249	5,095,897	4,165,555
	Operating transfers in		847,648	450,000	-	-	-	-
	Operating transfers out		450,000	500,000	602,000	465,000	420,000	-
	Capital leases and installment purchase proceeds		-	-	-	1,225,066	-	-
	Other items		19,445	45,035	4,595	156,753	11,637	-
	Excess of revenues and other sources over (under) expenditures and other uses		1,169,151	(506,592)	646,021	758,783	319,242	1,103,014

	Fund balance available (FBA):
		In dollars	$7,695,724	6,066,168	6,861,240	6,779,011	6,003,554	5,567,647
		FBA as a % of GF Net Expenditures:
		Unit's FBA %	94.93	67.31	103.20	115.52	108.84	133.66
		Group weighted average FBA %	39.94	37.68	39.10	38.19	38.97	39.36
		State weighted average Electric Group	35.36	34.02	35.69	36.30	36.12	34.92
		State weighted average FBA %	36.20	36.37	36.31	36.76	36.35	36.06


Enterprise Funds: Go to top of page
	Other, Electric

	Combined financial results:
		Working capital	$10,372,579	9,766,250	11,298,567	10,961,460	5,065,336	9,551,025
		Quick ratio	3.82	3.45	4.03	4.70	5.42	5.18
		Net income	931,640	781,851	937,710	1,161,029	793,271	991,200
		Cashflow from operations	1,013,006	127,210	431,696	1,078,156	995,230	992,429
		Depreciation & Amortization Expense	414,877	372,426	325,338	287,888	285,235	294,794



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

		Population at July 1st of the Previous Year	7,368	6,897	6,768	4,139	3,975	4,027
		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	$18,203,837	16,832,678	19,012,289	18,663,148	16,548,962	14,764,453
		Investment Earnings	728,951	939,705	740,349	324,948	125,378	142,581
		Tax Rate Equivalent	0.0602	0.0791	0.0661	0.0326	0.0143	0.0165
		Tax Rate Equivalent Group weighted average	0.0548	0.0722	0.0561	0.0317	0.0186	0.0285
		Tax Rate Equivalent Statewide weighted average	0.0524	0.0920	0.0573	0.0415	0.0340	0.0332
		Latest year of Revaluation	2003	2003	2003	2003	2003	1998
		January 1, Prior Year Assessed Valuation	$1,210,267,267	1,187,677,399	1,120,639,466	995,661,287	874,420,557	864,635,943
		Tax Rate	0.3000	0.3000	0.3000	0.3000	0.3000	0.3000
		Tax Rate Group weighted average	0.3834	0.4066	0.4094	0.4079	0.4137	0.4341
		Tax Rate State Wide	0.4254	0.4455	0.4321	0.4448	0.4566	0.4594
		Assessment -to-Sales Ratio	87.33	93.76	95.06	95.80	98.08	87.61
		Assessment -to-Sales Ratio Group weighted average	86.68	89.35	90.83	92.37	92.16	86.98
		Assessment -to-Sales Ratio Statewide	88.52	88.41	92.28	92.35	92.18	89.54
		Assessed Valuation Adjusted for Assesment to Sales Ratio	$1,385,855,109	1,266,720,775	1,178,875,937	1,039,312,408	891,538,088	986,914,671
		EffectiveTax Rate	0.2620	0.2813	0.2852	0.2874	0.2942	0.2628
		Group weighted average Effective Tax Rate	0.3323	0.3633	0.3719	0.3768	0.3812	0.3776
		Statewide weighted average Effective Tax Rate	0.3765	0.3939	0.3987	0.4108	0.4209	0.4113
		Percent Collected	98.64	98.44	98.47	98.50	95.87	96.85
		Percent Collected Group weighted average	96.74	96.00	95.42	95.70	95.36	95.32
		Percent Collected Statewide	97.97	97.59	97.55	97.42	97.31	96.96
		Percent Collected Excluding Motor Vehicles	99.32	99.17	99.25	98.96	96.04	97.09
		Percent Collected Excluding Motor Vehicles Group weighted average	97.21	97.38	96.96	97.08	96.15	97.01
		Percent Collected Excluding Motor Vehicles Statewide weighted average	98.66	98.59	98.61	98.36	98.26	98.31
		Percent Collected Motor Vehicles Only	84.53	83.29	81.91	87.25	91.82	91.54
		Percent Collected Motor Vehicles Only Group weighted average	81.36	82.28	80.71	81.62	91.46	83.14
		Percent Collected Motor Vehicles Only Statewide weighted average	86.74	86.71	86.80	87.31	87.62	86.69
		Tax Uncollected	26,494	55,368	53,241	45,654	124,022	80,349
		Tax Rate Equivalent	0.0022	0.0047	0.0048	0.0046	0.0142	0.0093
		Dominant County: Mecklenburg
	Debt Information
		Population Group	5,000 to 9,999	5,000 to 9,999	5,000 to 9,999	2,500 to 4,999	2,500 to 4,999	2,500 to 4,999
		Ratings:
		Fitch
		Moody's	A2	A2	A2	A2	A2	A2
		S & P	BBB+	BBB+	BBB+	BBB+	BBB+	BBB+

		General Obligation Debt (GO) where the taxing power of the entrire municipality is pledged to pay the obligation
		Enterprise GO Debt	$0	0	90,000	185,000	285,000	385,000
		General Government GO Debt	0	0	0	0	0	0
		Total General Obligation Debt	0	0	90,000	185,000	285,000	385,000
		Per Capita	$0	0	13	45	72	96
		Total Per Capita for the Population Group	71	93	117	162	159	#N/A
		Total Per Capita Statewide	456	478	495	505	548	#N/A
		Total per Assessed Valuation Adjusted for Current Year Sales	0.0000%	0.0000%	0.0076%	0.0178%	0.0320%	0.0390%
		Total per Assessed Valuation Adjusted for Current Year Sales- Group Average	0.0577%	0.0861%	0.1199%	0.1724%	0.1878%	#N/A
		Total per Assessed Valuation Adjusted for Current Year Sales - Statewide	0.4131%	0.4706%	0.5275%	0.5588%	0.6442%	#N/A
		Total Authorized but not Issued General Obligation Debt

		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	2008	2007	2006	2005	2004	2003
	Population at July 1st of the Previous Year Adjusted for Boundry Changes		7,368	6,897	6,768	4,139	3,975	4,027

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	19,066,738	17,303,866	14,641,201	15,088,248	11,102,805	10,219,673
1.5B	FISCAL	Governmental Activities Liabilities	1,096,198	1,551,628	1,300,639	2,087,044	244,174	196,628
3.5A	SUMMARY	Business Type Activities Assets	24,887,470	24,125,938	23,819,390	22,161,637	20,900,755	19,406,521
3.5B		Business Type Activities Liabilties	1,664,880	1,834,988	2,310,291	1,590,248	1,490,395	1,336,648
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	3,639,243	3,489,396	3,421,073	3,013,989	2,883,757	2,459,688
11	TAX	Current collection of special tax districts
12	REVENUES	Prior years' levy collections	41,595	40,732	31,609	62,330	23,593	32,140
13		Penalties and interest	29,419	24,974	16,149	20,022	13,807	10,189
14		Collection of taxes previously written off
15		Animal tax
16		1% Local government sales and use tax	513,063	494,464	434,320	443,096	355,584	334,163
17		1/2% Local government sales and use taxes (Article 40)	149,754	143,951	122,280	106,809	92,004	50,256
18		1/2% Local government sales and use taxes (Article 42)	147,529	141,845	120,679	105,187	90,352	49,468
18.5		1/2% Local government sales and use taxes (Article 44)	184,655	177,764	173,778	150,141	123,398	15,749
19		Licenses Privilege					232,385	234,910
19.1		Privilege - Occupational & business licensing & permit taxes	571,613	538,802	317,679	270,158
19.2		Privilege -- All other privileges and pemits
20		General Municipal Vehicle Tax
21		Vehicle Tax for Public Transportation
22		Other licenses - Include CATV	45,831	47,890	37,127	34,917	32,349	30,202
23		Local occupancy tax	521,381	466,596	442,231	332,038	290,335	298,933
24		Prepared food tax	456,602	443,877	363,384	326,360	274,253	304,000
25		911 charges	66,608	119,093	87,276	76,844	88,357	72,237
26		Gross Receipts Tax on Short Term Vehicles Leases	74,362	77,460	71,988	29,948
27	FEDERAL	FEDERAL Payment in lieu of taxes
28	INTERGOV	Equitable sharing of Federally forfeited property
29	REVENUES	General government
30		Public safety	3,250	1,750	15,291	139,624	139,222	178,818
31		Transportation - Streets
32		Transportation - All other
33		Utility franchise tax
34		Housing/community development
35		All Other						18,487
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	8,239	5,876	2,518	6,914	1,802	3,532
41	REVENUES	Intangibles tax reimbursement + Transistional Hold Harmless Revenues				24,365	24,365
42		Wireless Enhanced 911 Service Charges	155,246	115,709	84,292	70,832	64,903	56,697
43		Piped Natural Gas Charge Distribution
44		Utility franchise tax	617,799	563,066	546,393	518,389	512,602	493,213
45		Beer and Wine tax	31,770	30,561	28,732	17,595	17,295	15,172
46		Powell Bill	200,572	177,596	175,667	118,030	107,645	108,298
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
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	53,313	56,587	94,350		43,532	40,087
62	INTERGOV	General government
63	REVENUES	Public safety	115,921	70,936	56,172	100,245	49,355	54,724
64		Transportatin - Streets
65		Transportation - All other						26,400
66		Environmental protection	299,846	297,989	293,757	294,295	271,384	248,253
67		Economic and physical development
68		Human Services: Health, Mental Health & Hosp
69		Human Services: All Other
70		Culture and recreation	243,477	128,870	19,865
71	PERMITS	Building permits
72	& FEES	Inspection fees
72.1		Amusements licensing and permit taxes
73		Other permits	15,685	15,820	12,455	8,678	12,600	10,508
74	SALES &	Parking revenues
75	SERVICES	Rents and royalties			133	950	1,150	1,450
76		Airport
77		Fire protection charges
78		Solid waste
79		Ambulance and rescue squad charges
80		Cemeteries
81		Recreation service revenues	94,048	101,026	78,409	76,889	63,505	83,975
82		Library service revenues
83		Other cultural and recreational service revenues
84		Mass transit - city operated
85		Other sales and services
86	UTILITY	Water and sewer charges
87	REVENUES	Electric charges	10,233,367	9,543,880	9,390,454	9,304,422	9,367,539	9,089,225
88		Gas charges	1,836,382	1,715,737	1,684,343	1,599,540	1,661,114	1,444,359
88.1		Storm Water Fees
89	MISC.	On bond proceeds
90	REVENUES	On general and all other funds	728,951	939,705	740,349	324,948	125,378	142,581
91		Special assessments
92		Private contribution and donations
93		Sales of materials and fixed assets	24,145	45,035	4,595	156,753	11,637
94		Sales of real property
95		Nongovernment contributions for streets and traffic signals
96		Mixed drink surcharge
97		ABC profit distribution	44,625	42,500	42,500	40,000	39,900	32,000
98		Other miscellaneous revenues	23,916	32,299	41,405	32,167	22,457	28,187
99		Proceeds of the sale of bonds and notes
100		Proceeds of capital leases and installment purchases			750,000	1,225,066
101		Other
102	NON-REV	Supplemental schools taxes - current levy collections
103	RECEIPTS	Prior years' levy collections
104		Tax collections for units other than reporting unit
105		Utilities customers' deposits
106		Deposits other than utility
107		Prepaid taxes
108		Prepaid privilege licenses
109A	PART 4	Governing body - Salaries	20,301	18,000	17,254	18,000	16,700	14,600
109B	GENERAL	Governing body - All other Direct	145,949	176,507	145,940	68,158	69,524	42,005
109C	GOVT	Governing body - Construction
109D		Governing body - Land, Equipment and Existing Structures		751,375
110A		Administration - Salaries	123,070	112,156	126,702	123,108	77,262	90,854
110B		Administration - All other Direct	129,739	139,667	162,373	117,092	122,293	92,390
110C		Administration - Construction	464,735
110D		Administration - Land, Equipment and Existing Structures		157,608	50,000
111A		Elections (cost of) - Salaries
111B		Elections (cost of) - All other Direct
111C		Elections (cost of) - Construction
111D		Elections (cost of) - Land, Equipment and Existing Structures
112A		Finance - Salaries
112B		Finance - All other Direct
112C		Finance - Construction
112D		Finance - Land, Equipment. and Existing Structures
113A		Taxes - Salaries
113B		Taxes - All other Direct
113C		Taxes - Construction
113D		Taxes - Land, Equipment, and Existing Structures
114A		Legal - Salaries
114B		Legal - All other Direct
114C		Legal - Construction
114D		Legal - Land, Equipment, and Existing Structures
115A		Public Buildings - Salaries
115B		Public Buildings - All other Direct
115C		Public Buildings - Construction
115D		Public Buildings - Land, Equipment, and Existing Structures
116A		Court Facilities - Salaries
116B		Court Facilities - All other Direct
116C		Court Facilities - Construction
116D		Court Facilities - Land, Equipment, and Existing Structures
117A		Central Facilites - Salaries
117B		Central Facilities - All other Direct
117C		Central Facilites - Construction
117D		Central Facilites - Land, Equipment, and Existing Structures
118A		General Government All Other - Salaries
118B		General Government All Other - All other Direct
118C		General Government All Other - Construction
118D		General Government All Other - Land, Equipment, and Existing Structures
119A	PUBLIC	Police and Communications - Salaries	2,011,475	1,927,723	1,817,994	1,654,676	1,641,786	1,493,715
119B	SAFETY	Police and Communications - All other Direct	844,429	776,612	897,591	750,428	780,321	706,502
119C		Police and Communications - Construction
119D		Police and Communications - Land, Equipment and Existing Structures	483,095	220,291	270,821	802,112	174,924	160,628
120A		Emergency Communications - Salaries
120B		Emergency Communications - All other Direct	86,641	57,268	25,464	35,061	26,247	39,580
120C		Emergency Communications - Construction
120D		Emergency Communications - Land, Equipment and Existing Structures		269,644	151,900	31,900		13,136
121A		Emergency Management - Salaries
121B		Emergency Management - All other Direct
121C		Emergency Managment - Construction
121D		Emergency Management - Land, Equipment, and Existing Structures
122A		Fire - Salaries
122B		Fire - All other Direct	270,362	198,721	109,933	126,153	98,157	85,529
122C		Fire - Construction
122D		Fire - Land, Equipment, and Existing Structures				725,066
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	217,263	202,406	268,862	263,149	228,150	171,841
128B		Streets and Highways - All other Direct	219,222	241,373	199,644	210,608	169,948	147,153
128C		Streets and Highways - Construction
128D		Streets and Highways - Land, Equipment and Existing Structures		24,906	20,685	7,324	61,657	10,159
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	28,537	14,575	15,356	15,031	14,599	35,434
130B		State Street Aid Allocation - Powell Bill - All other Direct	61,419	52,118	109,555	65,376	54,199	52,698
130C		State Street Aid Allocation - Powell Bill - Construction			19,450	24,260
130D		State Street Aid Allocation - Powell Bill - Land, Equipment, and Existing Structures		106,741			59,310
131A		Parking Facilities - Salaries
131B		Parking Facilities - All other Direct
131C		Parking Facilities - Construction
131D		Parking Facilites - Land, Equipment, and Existing Structures
132A		Mass Transit - City - Salaries
132B		Mass Transit - City - All other Direct
132C		Mass Transit - City - Construction
132D		Mass Transit - City - Land, Equipment, and Existing Structures
133B		Mass Transit - Private - All other Direct only
134A		Airport - Salaries
134B		Airport - All other Direct
134C		Airport - Construction
134D		Airport - Land, Equipment, and Existing Structures
135A		Transportation - All Other - Salaries
135B		Transportation - All Other - All other Direct
135C		Transportation - All Other - Construction
135D		Transportation - All Other - Land, Equipment, and Existing Structures
136A	ENVIRON	Solid Waste - Salaries
136B	MENTAL	Solid Waste - All other Direct	270,654	238,875	259,336	172,841	184,912	168,179
136C	PROTECTION	Solid Waste - Construction
136D		Solid Waste - Land, Equipment, and Existing Structures
137A		Drainage and Watershed - Salaries	79,772	61,820	6,870	8,152
137B		Drainage and Watershed - All other Direct	142,645	68,690	126,629	115,211	163,367	81,354
137C		Drainage and Watershed - Construction
137D		Drainage and Watershed - Land, Equipment, and Existing Structures	88,621	204,110		51,955		36,340
138A		Cemeteries - Salaries
138B		Cemeteries - All other Direct		366
138C		Cemeteries - Construction
138D		Cemeteries - Land, Equipment, and Existing Structures		5,000
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	101,716	74,716	66,906	107,472	77,922	70,245
140B	& PHYSICAL	Planning and Zoning - All other Direct	80,250	59,477	88,050	55,266	38,512	34,533
140C	DEVELOP	Planning and Zoning - Construction
140D		Planning and Zoning - Land, Equipment, and Existing Structures	7,950			88,444
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	99,846	113,399	183,076	167,615	160,153	138,266
153B	RECREATION	Recreation and Parks - All other Direct	149,351	155,427	198,071	235,735	215,573	187,044
153C		Recreation and Parks - Construction
153D		Recreation and Parks - Land, Equipment, and Existing Structures	76,601		40,221	55,899
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	86,153	88,777
157B		Human Services - All Other - All other Direct	418,793	320,260	326,390	318,362	175,103	138,545
157C		Human Services - All Other - Construction	524,747
157D		Human Services - All Other - Land, Equipment, and Existing Structures	38,782	1,615,126	245,519	5,526	468,925	117,824
158A	UTILITY	Water and Sewer - Salaries
158B		Water and Sewer - All other Direct
158C		Water and Sewer - Construction
158D		Water and Sewer - Land, Equipment, and Existing Structures
159A		Electric Power - Salaries	423,023	411,139	384,926	374,085	333,129	332,791
159B		Electric Power - All other Direct	8,820,527	8,453,085	8,609,406	8,071,310	7,964,097	7,611,862
159C		Electric Power - Construction			1,213,391	813,346	200,954	354,178
159D		Electric Power - Land, Equipment, and Existing Structures	446,109	1,976,425
160A		Natural Gas - Salries	409,850	355,182	431,898	582,769	468,779	451,110
160B		Natural Gas - All other Direct	1,167,792	1,120,925	1,072,721	790,794	873,009	703,298
160C		Natural Gas - Construction			502,395	520,077	410,600	722,660
160D		Natural Gas - Land, Equipment and Existing Structures	381,466	669,171				12,880
160.1A		Storm water salaries
160.1B		Storm water other operating
160.1C		Storm water contruction
160.1C		Storm water land, equipment and existing structures
161B	DEBT	Water and Sewer - Debt Service Interest Payments
161D	SERVICE	Water and Sewer - Debt Service Principal Payments
162B		Electric - Debt Service Interest Payments	15,705	22,728	28,938	16,057	18,750	23,309
162D		Electric - Debt Service Principal Payments	147,192	164,251	164,251	100,000	100,000	105,000
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	18,732	26,904	24,598	27,423
166D		All Other - Debt Service Principal Payments	248,500	240,328	175,826	158,071
167B	PENSION	Direct Benefit Program - Pension Fund operated by the Unit
168B	FRINGE	Fringe Benefits Unallocated - (B)
169B		Separation Allowance - Law Enforcement Officers -(B)	41,032	41,032
170B		Separation Allowance - Other Employees - (B)	71,636	44,741
171B		Supplemental Retirement Income Plan for Law Enforcement Officers - (B)	77,736	77,291	72,676	64,939	34,076	64,069
172B		Fringe Benefits Other - (B)	13,471	12,586
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	3,554,713	3,393,399	3,323,039	2,913,546	2,883,415	2,437,073
180	OTHER	Current Year Levy Motor Vehicles Only	170,583	162,528	156,690	120,207	119,297	110,242
181	DATA	Uncollected Taxes - Current Year's Levy - Excluding Motor Vehicles	24,246	28,205	24,898	30,325	114,264	71,026
182		Uncollected Taxes - Current Year's Levy - Motor Vehicles	26,395	27,163	28,343	15,329	9,758	9,323
183		Percentage of Taxes Collected - Current Year All Property	98.64	98.44	98.47	98.50	95.87	96.85
184		Percentage of Taxes Collected - Current Year - Excluding Motor Vehicles	99.32	99.17	99.25	98.96	96.04	97.09
185		Percentage of Taxes Collected - Current Year - Motor Vehicles	84.53	83.29	81.91	87.25	91.82	91.54
186		Total Amount of Expenditures for Salaries and Wages to Unit's Own Personnal					105,965	113,371
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	18,203,837	16,832,678	19,012,289	18,663,148	16,548,962	14,764,453
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	22,469,855	21,041,786	20,303,253	19,578,391	17,547,756	15,967,901
194B	FISCAL	Amounts - Subtract proceeds of refunding debt
194C	SUMMARY	Amounts - Subtract interfund transfers in	1,297,648	950,000	602,000	546,850	510,197
194D		Amounts - Net Revenues per AFIR	21,172,207	20,091,786	19,701,253	19,031,541	17,037,559	15,967,901
		Calculated amount	21,172,207	20,091,786	19,701,253	19,031,541	17,037,559	15,967,901
		Amounts in AGREEMENT??	Yes	Yes	Yes	Yes	Yes	Yes
		Difference
195A		Amounts - Total Expenditures and other financing sources per audit	20,852,537	23,019,522	19,233,618	18,485,701	15,993,135	14,509,711
195B		Amounts - Subtract payments to refunding debt escrow agent
195C		Amounts - Subtract interfund transfers out	1,297,648	950,000	602,000	546,850	510,197
195D		Amounts Net Expenditures per AFIR	19,554,889	22,069,522	18,631,618	17,938,851	15,482,938	14,509,711
		Calculated amount	19,554,889	22,069,522	18,631,618	17,938,851	15,482,938	14,509,711
		Amounts in AGREEMENT??	Yes	Yes	Yes	Yes	Yes	Yes
		Difference

	PART 10

950		Name of Official Signatory	Ann Wilson
951		Title of Official	Finance Director
952		Date Certified	10/30/2008	10/31/2007	10/31/2006
953		Person to Contact	Ann Wilson
954		Title of Person to Contact	Finance Director
955		Telephone Number	1-704-889-1722
956		Facsimile Number	1-704-889-7329

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

	2008	2007	2006	2005	2004	2003

Population	7,368	6,897	6,768	4,139	3,975	4,027
Power Agency Group	N.C. Municipal Power Agency Number 1
Total Operating Revenues	$10,233,367	9,543,881	9,390,454	9,304,422	9,367,539	9,089,225
Group Weighted Average	22,254,716	21,085,163	20,184,548	19,323,226	19,192,985	19,102,149

% to Total Operating Revenues
Power Purchases	82.2%	84.7%	85.1%	81.4%	80.4%	78.7%
Group Weighted Average	78.3%	79.0%	81.9%	82.3%	81.6%	79.1%

Other Operating Expenses	12.2%	12.7%	14.1%	12.4%	11.2%	11.9%
Group Weighted Average	17.1%	17.6%	17.5%	15.4%	15.3%	16.5%

Operating Margin	5.6%	2.6%	0.8%	6.1%	8.4%	9.3%
Group Weighted Average	4.6%	3.4%	0.6%	2.3%	3.1%	4.4%

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

Net Income	6.7%	4.5%	2.5%	6.8%	8.5%	9.4%
Group Weighted Average	3.5%	4.9%	-0.2%	3.5%	1.8%	4.9%

Key Ratios and Cash Flow

Quick Ratio	3.8	3.4	4.0	4.7	5.4	5.2
Group Weighted Average	3.8	4.1	4.0	4.6	4.9	4.9

Coverage Ratio	1.11	1.07	1.05	1.11	1.13	1.14
Group Weighted Average	1.11	1.10	1.05	1.07	1.07	1.10

Days Sales in Receivables	52.5	52.2	51.1	51.9	54.1	47.6
Group Weighted Average	36.8	36.3	33.2	35.0	37.3	34.8

Days Cash on Hand	126.2	112.9	188.9	199.5	193.1	169.3
Group Weighted Average	118.3	114.5	127.6	147.3	147.5	155.0

Cash flow from Operations	$1,013,006	127,210	431,696	1,078,156	995,230	992,429

Capital Expenditures:	$446,109	1,976,425	1,213,391	813,346	200,954	354,178


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

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

	2002	2001	2000	1999	1998
	#VALUE!	#VALUE!	302.00%	0.00%	0.00%

Gross Electric Fund Assets as Cost	$14,513,476	14,068,741	12,082,445	10,941,800	10,128,454	9,927,500
Estimated Tax Loss from Municipal Ownership of Utility	$43,540	$42,206	36,247	32,825	30,385	29,783
Tax Rate Equivalent	0.0036	0.0036	0.0032	0.0033	0.0035	0.0034

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	0.2620	0.2813	0.2852	0.2874	0.2942	0.2628

Tax Rate Adjusted Excluding Transfers	0.2620	0.2813	0.2852	0.2874	0.2942	0.2628

Weighted Average Group Rate Adjusted	0.3323	0.3633	0.3719	0.3768	0.3812	0.3776

Weighted Average Non Electric Adjusted Rate	0.2438	0.2610	0.2921	0.3093	0.3354	0.3376

Financial Graphs and Comparisons

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

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Analysis of Available Fund Balance: General Fund

	2004	2005	2006	2007	2008
Unit's FBA %	108.84%	115.52%	103.20%	67.31%	94.93%
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

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2004 2005 2006 2007 2008

Municipality 95.87% 98.50% 98.47% 98.44% 98.64%

Pop. Group 95.36% 95.70% 95.42% 96.00% 96.74%

Statewide 97.31% 97.42% 97.55% 97.59% 97.97%

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

	2004	2005	2006	2007	2008
Municipality	95.87%	98.50%	98.47%	98.44%	98.64%
Pop. Group	95.36%	95.70%	95.42%	96.00%	96.74%
Statewide	97.31%	97.42%	97.55%	97.59%	97.97%

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

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2004 2005 2006 2007 2008

Municipality 72 45 13 0 0

Pop. Group 159 162 117 93 71

Statewide 548 505 495 478 456

Municipal Population Group: 5,000 to 9,999

	2004	2005	2006	2007	2008
Municipality	72	45	13	0	0
Pop. Group	159	162	117	93	71
Statewide	548	505	495	478	456

Municipal Population Group: 5,000 to 9,999

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2004 2005 2006 2007 2008

Property Tax $735 748 513 515 504

Utility 2,775 2,634 1,636 1,633 1,638

Sales Tax 166 195 125 139 135

Sales & Services 16 19 12 15 13

Intergovernmental 310 312 195 210 235

Debt Proceeds 0 296 111 0 0

Other Miscellaneous 284 394 319 401 349

Total $4,286 4,598 2,911 2,913 2,874

	2004	2005	2006	2007	2008
Property Tax	$735	748	513	515	504
Utility	2,775	2,634	1,636	1,633	1,638
Sales Tax	166	195	125	139	135
Sales & Services	16	19	12	15	13
Intergovernmental	310	312	195	210	235
Debt Proceeds	0	296	111	0	0
Other Miscellaneous	284	394	319	401	349
Total	$4,286	4,598	2,911	2,913	2,874

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2008
2008

Category Revenue
Per Capita

Property Tax $3,710,257
$504

Water/Sewer 0
0

Electric 10,233,367
1,389

Other Utilities 1,836,382
249

Sales Tax 995,001
135

Sales & Services 94,048
13

Intergovernment 1,729,433
235

Debt Proceeds 0
0

Miscellaneous 2,573,719
349

Total $21,172,207
$2,874

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

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2008
2008

Category Expenditures
Per Capita

General Government $883,794
$120

Water/Sewer 0
0

Electric 9,689,659
1,315

Other Utilities 1,959,108
266

Debt Service 430,129
58

Transportation 526,441
71

Public Safety 3,814,770
518

Other 2,250,988
306

Total $19,554,889
$2,654

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

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2008
2008

Category Expenditures
Per Capita

Salaries & Wages $3,601,006
$489

Water/Sewer Capital 0
0

Electric Capital 446,109
61

Other Capital 2,065,997
280

Other Operating 13,441,777
1,824

Total $19,554,889
$2,654

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

Last Updated 8/27/2009 7:55:34 AM



	2008	2008
Category	Revenue	Per Capita
Property Tax	$3,710,257	$504
Water/Sewer	0	0
Electric	10,233,367	1,389
Other Utilities	1,836,382	249
Sales Tax	995,001	135
Sales & Services	94,048	13
Intergovernment	1,729,433	235
Debt Proceeds	0	0
Miscellaneous	2,573,719	349
Total	$21,172,207	$2,874

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

North CarolinaDepartment of State TreasurerFinancial InformationTown of Pineville

Financial Graphs and Comparisons

North Carolina
Department of State Treasurer
Financial Information
Town of Pineville