North Carolina
Department of State Treasurer
Financial Information
Town of Rowland

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			2008	2007	2006	2005	2004	2003
	Revenues by Source
		Property Tax	$341,074	285,063	304,226	229,621	229,879	241,017
		Utility	392,737	392,821	387,707	384,709	373,866	344,746
		Sales Tax	229,922	220,874	202,886	185,042	177,633	153,539
		Sales & Services	162,817	140,305	147,871	142,296	137,961	134,598
		Intergovernmental	196,011	276,772	165,095	174,693	272,236	204,982
		Debt Proceeds	-	-	-	-	-	-
		Other Miscellaneous	48,425	96,186	95,264	69,085	73,403	114,837
		Total	$1,370,986	1,412,021	1,303,049	1,185,446	1,264,978	1,193,719

	Expenditures by Function
		Utility	$398,857	541,299	349,580	353,203	384,820	480,227
		Debt Service	81,420	68,640	56,677	56,679	56,652	57,225
		Transportation	99,570	147,579	105,581	88,837	75,188	82,511
		General Government	162,887	423,098	269,526	217,988	220,705	152,792
		Public Safety	430,992	481,850	428,927	417,477	366,977	361,536
		Other	145,350	140,855	134,376	167,118	185,148	182,897
		Total	$1,319,076	1,803,321	1,344,667	1,301,302	1,289,490	1,317,188

	Expenditures by Object
		Salaries & Wages	$637,668	683,567	621,338	592,231	571,306	532,765
		Capital Outlay	10,287	350,327	98,086	45,005	-	151,699
		Other Operating + Debt Service	671,121	769,427	625,243	664,066	718,184	632,724
		Total	$1,319,076	1,803,321	1,344,667	1,301,302	1,289,490	1,317,188


	Per Capita Revenues by Source
		Property Tax	$292	244	262	199	200	210
		Utility	337	336	334	333	326	300
		Sales Tax	197	190	176	160	155	134
		Sales & Services	140	120	127	123	120	117
		Intergovernmental	168	237	142	151	237	178
		Debt Proceeds	-	-	-	-	-	-
		Other Miscellaneous	41	82	82	60	64	100
		Total	$1,175	1,209	1,123	1,026	1,102	1,039

	Per Capita Expenditures by Function
		Utility	$342	463	301	306	335	418
		Debt Service	70	59	49	49	49	50
		Transportation	85	126	91	77	65	72
		General Government	139	362	232	189	193	132
		Public Safety	369	413	370	361	320	315
		Other	125	121	116	145	161	159
		Total	$1,130	1,544	1,159	1,127	1,123	1,146

	Per Capita Expenditures by Object
		Salaries & Wages	$546	585	536	513	498	464
		Capital Outlay	9	300	85	39	-	132
		Other Operating	575	659	538	575	625	550
		Total	$1,130	1,544	1,159	1,127	1,123	1,146

	Population Group		No Electric 1,000 to 2,499	No Electric 1,000 to 2,499	No Electric 1,000 to 2,499	No Electric 1,000 to 2,499	No Electric 1,000 to 2,499	No Electric 1,000 to 2,499
		Number of Municipalites in Group	102	101	103	103	106	107
		Average Population In Group	1,669	1,642	1,638	1,632	1,644	1,628
		Town of Rowland Population	1,167	1,168	1,160	1,155	1,148	1,149
	Group Average Per Capita Revenues by Source
		Property Tax	365	370	348	331	319	306
		Utility	374	430	391	374	340	333
		Sales Tax	180	197	179	172	157	133
		Sales & Services	72	77	72	71	64	61
		Intergovernmental	200	221	246	220	257	307
		Debt Proceeds	114	69	170	89	82	56
		Other Miscellaneous	175	196	160	125	137	126
		Total	1,480	1,560	1,566	1,382	1,356	1,322

	Group Average Per Capita Expenditures by Function
		Utility	519	468	487	425	445	432
		Debt Service	113	111	108	107	86	103
		Transportation	126	144	131	132	139	108
		General Government	232	200	221	193	174	180
		Public Safety	346	347	326	294	315	264
		Other	184	204	206	170	159	169
		Total	1,520	1,474	1,479	1,321	1,318	1,256

	Group Average Per Capita Expenditures by Object
		Salaries & Wages	415	430	402	397	376	351
		Capital Outlay	437	305	373	283	317	298
		Other Operating	668	739	704	641	625	607
		Total	1,520	1,474	1,479	1,321	1,318	1,256


General Fund Go to top of page			2008	2007	2006	2005	2004	2003
	General Fund revenues		$975,579	1,013,241	908,756	748,958	836,112	766,028
	General Fund expenditures		847,100	1,193,382	947,208	837,776	811,324	718,624
	Operating transfers in		-	-	-	-	-	34
	Operating transfers out		-	-	-	-	-	-
	Capital leases and installment purchase proceeds		-	125,000	-	-	-	-
	Other items		-	-	-	-	-	-
	Excess of revenues and other sources over (under) expenditures and other uses		128,479	(55,141)	(38,452)	(88,818)	24,788	47,438

	Fund balance available (FBA):
		In dollars	$240,325	123,310	187,720	224,279	316,629	288,625
		FBA as a % of GF Net Expenditures:
		Unit's FBA %	28.37	11.54	19.82	26.77	39.03	40.16
		Group weighted average FBA %	62.48	65.63	64.79	69.64	70.93	74.33
		State weighted average Non-Electric Group	36.47	37.14	36.51	36.90	36.42	36.42
		State weighted average FBA %	36.20	36.37	36.31	36.76	36.35	36.06


Enterprise Funds: Go to top of page
	Water/Sewer

	Combined financial results:
		Working capital	$41,488	119,277	286,807	299,271	317,136	356,589
		Quick ratio	1.61	2.64	7.21	8.84	10.44	10.74
		Net income	(193,431)	(86,026)	(136,426)	(139,805)	(203,446)	20,520
		Cashflow from operations	(28,908)	(2,792)	40,989	44,452	(19,613)	37,294
		Depreciation & Amortization Expense	146,333	137,780	138,062	135,540	176,993	180,238



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

		Population at July 1st of the Previous Year	1,167	1,168	1,160	1,155	1,148	1,149
		Population Group	No Electric 1,000 to 2,499	No Electric 1,000 to 2,499	No Electric 1,000 to 2,499	No Electric 1,000 to 2,499	No Electric 1,000 to 2,499	No Electric 1,000 to 2,499
		Cash &Investments	$295,989	287,108	503,572	552,888	643,843	669,881
		Investment Earnings	12,574	23,527	21,507	8,952	5,515	11,137
		Tax Rate Equivalent	0.0268	0.0491	0.0443	0.0290	0.0174	0.0348
		Tax Rate Equivalent Group weighted average	0.0255	0.0404	0.0283	0.0164	0.0094	0.0147
		Tax Rate Equivalent Statewide weighted average	0.0524	0.0920	0.0573	0.0415	0.0340	0.0332
		Latest year of Revaluation	2005	2005	2005	1996	1996	1996
		January 1, Prior Year Assessed Valuation	$46,877,626	47,910,379	48,526,586	30,899,500	31,647,925	31,963,399
		Tax Rate	0.7300	0.7300	0.7300	0.7800	0.7300	0.7300
		Tax Rate Group weighted average	0.2861	0.3424	0.3297	0.3306	0.3386	0.3479
		Tax Rate State Wide	0.4254	0.4455	0.4321	0.4448	0.4566	0.4594
		Assessment -to-Sales Ratio	89.72	90.46	97.30	90.58	90.58	89.88
		Assessment -to-Sales Ratio Group weighted average	88.88	79.96	85.71	86.82	87.25	85.88
		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	$52,248,803	52,963,054	49,873,161	34,112,939	34,939,197	35,562,304
		EffectiveTax Rate	0.6550	0.6604	0.7103	0.7065	0.6612	0.6561
		Group weighted average Effective Tax Rate	0.2543	0.2737	0.2826	0.2870	0.2954	0.2988
		Statewide weighted average Effective Tax Rate	0.3765	0.3939	0.3987	0.4108	0.4209	0.4113
		Percent Collected	88.47	86.55	85.86	93.42	95.96	95.74
		Percent Collected Group weighted average	97.63	97.17	96.94	96.84	96.44	96.05
		Percent Collected Statewide	97.97	97.59	97.55	97.42	97.31	96.96
		Percent Collected Excluding Motor Vehicles	90.61	84.86	83.85	91.98	95.33	95.04
		Percent Collected Excluding Motor Vehicles Group weighted average	97.84	98.00	97.76	97.85	97.46	97.65
		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	71.14	100.00	100.00	100.00	100.00	100.00
		Percent Collected Motor Vehicles Only Group weighted average	85.24	85.98	85.54	86.22	84.94	83.89
		Percent Collected Motor Vehicles Only Statewide weighted average	86.74	86.71	86.80	87.31	87.62	86.69
		Tax Uncollected	10,644	43,826	48,759	15,806	9,259	9,865
		Tax Rate Equivalent	0.0227	0.0915	0.1005	0.0512	0.0293	0.0309
		Dominant County: Robeson
	Debt Information
		Population Group	1,000 to 2,499	1,000 to 2,499	1,000 to 2,499	1,000 to 2,499	1,000 to 2,499	1,000 to 2,499
		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	$898,300	913,500	927,600	941,200	954,200	966,600
		General Government GO Debt	0	0	0	0	0	0
		Total General Obligation Debt	898,300	913,500	927,600	941,200	954,200	966,600
		Per Capita	$770	782	800	815	831	841
		Total Per Capita for the Population Group	274	294	297	306	297	#N/A
		Total Per Capita Statewide	456	478	495	505	548	#N/A
		Total per Assessed Valuation Adjusted for Current Year Sales	1.7193%	1.7248%	1.8599%	2.7591%	2.7310%	2.7180%
		Total per Assessed Valuation Adjusted for Current Year Sales- Group Average	0.1848%	0.2336%	0.2606%	0.2847%	0.2930%	#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	$375,000		375,000	375,000	375,000	375,000

		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		1,167	1,168	1,160	1,155	1,148	1,149

1A	Non GASB34	General Fund Assets						392,071
1B	FISCAL	General Fund Liabilities						46,829
2A	SUMMARY	Debt-service Assets
2B		Debt service Liabilities
3A		Enterprise Assets						6,076,174
3B		Enterprise Liabilities						1,003,434
4A		Internal Service Assets
4B		Internal service Liabilities
5A		Special Revenue Assets						11,422
1.5A	GASB34	Governmental Activities Assets	936,926	868,967	695,368	634,787	770,823
1.5B	FISCAL	Governmental Activities Liabilities	139,972	148,719	61,144	59,455	32,446
3.5A	SUMMARY	Business Type Activities Assets	5,286,014	5,518,518	5,565,264	5,707,832	5,856,677
3.5B		Business Type Activities Liabilties	972,408	1,011,481	972,201	978,343	987,383
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						1,334,533
9B		General Long term debt - Liabilities						15,980
10	PART 2	Current collections of unit-wide levy	294,399	282,129	296,049	224,382	220,154	221,245
11	TAX	Current collection of special tax districts		17,719
12	REVENUES	Prior years' levy collections	39,157		7,815	4,414	7,480	14,315
13		Penalties and interest	7,518	2,934	362	825	2,245	5,457
14		Collection of taxes previously written off
15		Animal tax
16		1% Local government sales and use tax	229,922	220,874	202,886	185,042	177,633	52,233
17		1/2% Local government sales and use taxes (Article 40)						46,657
18		1/2% Local government sales and use taxes (Article 42)						46,246
18.5		1/2% Local government sales and use taxes (Article 44)						8,403
19		Licenses Privilege					2,937	3,505
19.1		Privilege - Occupational & business licensing & permit taxes	3,057	17,340	3,779	2,290
19.2		Privilege -- All other privileges and pemits
20		General Municipal Vehicle Tax
21		Vehicle Tax for Public Transportation
22		Other licenses - Include CATV	13,792	19,175	25,342			3,455
23		Local occupancy tax				32,541	36,362	35,261
24		Prepared food tax
25		911 charges
26		Gross Receipts Tax on Short Term Vehicles Leases
27	FEDERAL	FEDERAL Payment in lieu of taxes	3,874	3,211	4,468	3,771	3,538	2,938
28	INTERGOV	Equitable sharing of Federally forfeited property	74,685	31,798	39,924	23,200	34,859	47,899
29	REVENUES	General government	2,572	150,720	30,822	10,052	97,441	19,151
30		Public safety
31		Transportation - Streets
32		Transportation - All other
33		Utility franchise tax
34		Housing/community development				43,863	26,235
35		All Other
36		Human services: Health, mental health, hospitals
37		All other						17,822
38		Culture and recreation
39	STATE	State Payment in Lieu of Taxes
40	INTERGOV	Controlled substance tax
41	REVENUES	Intangibles tax reimbursement + Transistional Hold Harmless Revenues
42		Wireless Enhanced 911 Service Charges
43		Piped Natural Gas Charge Distribution				998	664	4,024
44		Utility franchise tax	53,796	34,867	32,642	29,107	31,306	33,960
45		Beer and Wine tax	5,380	5,242	5,102	5,081	4,935	4,868
46		Powell Bill	53,395	47,744	48,586	48,810	44,103	48,543
47		Food stamp purchases tax reimbursement
48		Inventories tax reimbursements
49		Senior Citizens Exemption - 50%
50		Court fees - Facilities and arrest fees	2,309	3,190	3,551	4,811	3,255	3,752
51		General Government
52		Public safety
53		Transportation - Streets
54		Transportation - All other
55		Environmental protection					25,900
56		Econ. & Phys. Dev. - Housing/Comm. Dev.				5,000		22,025
57		Econ. & Phys. Dev. - All Other
58		Human Services: Health, mental health, hospitals
59		All Other
60		Culture and recreation
61	LOCAL	LOCAL Payment in lieu of taxes
62	INTERGOV	General government
63	REVENUES	Public safety
64		Transportatin - Streets
65		Transportation - All other
66		Environmental protection
67		Economic and physical development
68		Human Services: Health, Mental Health & Hosp
69		Human Services: All Other
70		Culture and recreation
71	PERMITS	Building permits
72	& FEES	Inspection fees
72.1		Amusements licensing and permit taxes
73		Other permits	475			50	275	525
74	SALES &	Parking revenues
75	SERVICES	Rents and royalties	9,052	200	8,975	10,600	8,850	10,616
76		Airport
77		Fire protection charges
78		Solid waste	153,765	140,105	138,896	131,696	129,111	123,982
79		Ambulance and rescue squad charges
80		Cemeteries
81		Recreation service revenues
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	392,737	392,821	387,707	384,709	373,866	344,746
87	REVENUES	Electric charges
88		Gas charges
88.1		Storm Water Fees
89	MISC.	On bond proceeds
90	REVENUES	On general and all other funds	12,574	23,527	21,507	8,952	5,515	11,137
91		Special assessments
92		Private contribution and donations
93		Sales of materials and fixed assets					500	11,882
94		Sales of real property
95		Nongovernment contributions for streets and traffic signals
96		Mixed drink surcharge
97		ABC profit distribution
98		Other miscellaneous revenues	18,527	18,425	44,636	25,252	27,814	49,072
99		Proceeds of the sale of bonds and notes
100		Proceeds of capital leases and installment purchases
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		13,315	17,908	16,370	7,135	7,200
109B	GENERAL	Governing body - All other Direct	72,043	61,788	56,647	56,305	92,280	46,541
109C	GOVT	Governing body - Construction
109D		Governing body - Land, Equipment and Existing Structures		224,571	74,900
110A		Administration - Salaries	59,799	74,884	74,276	78,293	93,399	74,634
110B		Administration - All other Direct	31,045	46,144	37,351	32,525	27,891	19,984
110C		Administration - Construction
110D		Administration - Land, Equipment and Existing Structures		2,396	8,444	34,495
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						4,433
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	306,097	343,189	314,997	294,619	251,768	234,605
119B	SAFETY	Police and Communications - All other Direct	98,214	117,628	84,992	85,814	88,148	84,848
119C		Police and Communications - Construction
119D		Police and Communications - Land, Equipment and Existing Structures	3,197		600	8,694		18,802
120A		Emergency Communications - Salaries
120B		Emergency Communications - All other Direct
120C		Emergency Communications - Construction
120D		Emergency Communications - Land, Equipment and Existing Structures
121A		Emergency Management - Salaries
121B		Emergency Management - All other Direct
121C		Emergency Managment - Construction
121D		Emergency Management - Land, Equipment, and Existing Structures
122A		Fire - Salaries						2,000
122B		Fire - All other Direct	13,581	10,353	18,870	19,049	18,420	12,959
122C		Fire - Construction
122D		Fire - Land, Equipment, and Existing Structures
123A		Inspectors - Salaries
123B		Inspectors - All other Direct
123C		Inspectors - Construction
123D		Inspectors - Land, Equipment, and Existing Structures
124A		Rescue Units - Salaries
124B		Rescue Units - All other Direct
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
128B		Streets and Highways - All other Direct		86,539	52,074	37,502	38,037	42,787
128C		Streets and Highways - Construction
128D		Streets and Highways - Land, Equipment and Existing Structures
129A		Street Cleaning - Salaries
129B		Street Cleaning - All other Direct	35,100
129C		Street Cleaning - Construction
129D		Street Cleaning - Land, Equipment, and Existing Structures
130A		State Street Aid Allocation - Powell Bill - Salries	39,778	40,921	37,589	34,404	26,802	25,293
130B		State Street Aid Allocation - Powell Bill - All other Direct	24,692	20,119	15,918	16,931	10,349	14,431
130C		State Street Aid Allocation - Powell Bill - Construction
130D		State Street Aid Allocation - Powell Bill - Land, Equipment, and Existing Structures
131A		Parking Facilities - Salaries
131B		Parking Facilities - All other Direct
131C		Parking Facilities - Construction
131D		Parking Facilites - Land, Equipment, and Existing Structures
132A		Mass Transit - City - Salaries
132B		Mass Transit - City - All other Direct
132C		Mass Transit - City - Construction
132D		Mass Transit - City - Land, Equipment, and Existing Structures
133B		Mass Transit - Private - All other Direct only
134A		Airport - Salaries
134B		Airport - All other Direct
134C		Airport - Construction
134D		Airport - Land, Equipment, and Existing Structures
135A		Transportation - All Other - Salaries
135B		Transportation - All Other - All other Direct
135C		Transportation - All Other - Construction
135D		Transportation - All Other - Land, Equipment, and Existing Structures
136A	ENVIRON	Solid Waste - Salaries
136B	MENTAL	Solid Waste - All other Direct	143,382	139,463	142,704	113,258	126,584	121,785
136C	PROTECTION	Solid Waste - Construction
136D		Solid Waste - Land, Equipment, and Existing Structures
137A		Drainage and Watershed - Salaries
137B		Drainage and Watershed - All other Direct
137C		Drainage and Watershed - Construction
137D		Drainage and Watershed - Land, Equipment, and Existing Structures
138A		Cemeteries - Salaries
138B		Cemeteries - All other Direct
138C		Cemeteries - Construction
138D		Cemeteries - Land, Equipment, and Existing Structures
139A		Environmental Protection - All Other - Salaries
139B		Environmental Protection - All Other - All other Direct
139C		Environmental Protection - All Other - Construction
139D		Environmental Protection All Other - Land, Equipment, and Existing Structures
140A	ECONOMIC	Planning and Zoning - Salaries
140B	& PHYSICAL	Planning and Zoning - All other Direct
140C	DEVELOP	Planning and Zoning - Construction
140D		Planning and Zoning - Land, Equipment, and Existing Structures
141A		Economic Development - Salaries
141B		Economic Development - All other Direct
141C		Economic Development - Construction
141D		Economic Development - Land, Equipment, and Existing Structures
142A		Community Development - Salaries
142B		Community Development - All other Direct			-8,798	53,644	36,695
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						5,755
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						35,280
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						20,077
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
153B	RECREATION	Recreation and Parks - All other Direct	1,968				21,869
153C		Recreation and Parks - Construction
153D		Recreation and Parks - Land, Equipment, and Existing Structures
154A		Coliseum - Salaries
154B		Coliseum - All other Direct
154C		Coliseum - Construction
154D		Coliseum - Land, Equipment, and Existing Structures
155A		Museums - Salaries
155B		Museums - All other Direct
155C		Museums - Construction
155D		Museums - Land, Equipment, and Existing Structures
156A		Libraries - Salaries
156B		Libraries - All other Direct
156C		Libraries - Construction
156D		Libraries - Land, Equipment, and Existing Structures
157A		Culture and Recreation - All Other - Salaries
157B		Human Services - All Other - All other Direct		1,392	470	216
157C		Human Services - All Other - Construction
157D		Human Services - All Other - Land, Equipment, and Existing Structures
158A	UTILITY	Water and Sewer - Salaries	231,994	211,258	176,568	168,545	192,202	189,033
158B		Water and Sewer - All other Direct	159,773	206,681	158,870	182,842	192,618	158,297
158C		Water and Sewer - Construction
158D		Water and Sewer - Land, Equipment, and Existing Structures	7,090	123,360	14,142	1,816		132,897
159A		Electric Power - Salaries
159B		Electric Power - All other Direct
159C		Electric Power - Construction
159D		Electric Power - Land, Equipment, and Existing Structures
160A		Natural Gas - Salries
160B		Natural Gas - All other Direct
160C		Natural Gas - Construction
160D		Natural Gas - Land, Equipment and Existing Structures
160.1A		Storm water salaries
160.1B		Storm water other operating
160.1C		Storm water contruction
160.1C		Storm water land, equipment and existing structures
161B	DEBT	Water and Sewer - Debt Service Interest Payments	43,648	44,227	43,077	43,679	56,652	44,825
161D	SERVICE	Water and Sewer - Debt Service Principal Payments	29,471	24,413	13,600	13,000		12,400
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	5,625
166D		All Other - Debt Service Principal Payments	2,676
167B	PENSION	Direct Benefit Program - Pension Fund operated by the Unit
168B	FRINGE	Fringe Benefits Unallocated - (B)
169B		Separation Allowance - Law Enforcement Officers -(B)
170B		Separation Allowance - Other Employees - (B)
171B		Supplemental Retirement Income Plan for Law Enforcement Officers - (B)	9,903	10,680	9,468	9,301	8,641	8,322
172B		Fringe Benefits Other - (B)
173A		Multi-County Library District, County, or Other Municipality Authority
173B	INTERGOV	Multi-County Library District, County, or Other Municipality (Item number)
173C	EXPEND	Multi-County Library District, County, or Other Municipality (Amount)
174A		General Governmental Actitivies shared with the County (County)
174B		General Governmental Actitivies shared with the County (Item number)
174C		General Governmental Actitivies shared with the County (Amount)
175A		Highways (Payments to State) (State)
175B		Highways (Payments to State) (Item number)
175C		Highways (Payments to State) (Amount)
176A		Others - Name of Payee #1
176B		Others - 1 (B)
176C		Others - 1 (C)
177A		Others - Name of Payee #2
177B		Others - 2 (B)
177C		Others - 2 (C)
178A		Others - Name of Payee #3
178B		Others - 3 (B)
178C		Others - 3 (C)
179	PART 6	Current Year Levy Excluding Motor Vehicles	296,187	289,380	301,972	197,160	198,402	198,971
180	OTHER	Current Year Levy Motor Vehicles Only	36,576	36,576	42,836	43,028	31,025	32,615
181	DATA	Uncollected Taxes - Current Year's Levy - Excluding Motor Vehicles	27,808	43,826	48,759	15,806	9,259	9,865
182		Uncollected Taxes - Current Year's Levy - Motor Vehicles	10,556
183		Percentage of Taxes Collected - Current Year All Property	88.47	86.55	85.86	93.42	95.96	95.74
184		Percentage of Taxes Collected - Current Year - Excluding Motor Vehicles	90.61	84.86	83.85	91.98	95.33	95.04
185		Percentage of Taxes Collected - Current Year - Motor Vehicles	71.14	100.00	100.00	100.00	100.00	100.00
186		Total Amount of Expenditures for Salaries and Wages to Unit's Own Personnal
187A		Capital Reserve or Available Funds - Schools - July 1, Previous Year
187B		Capital Reserve or Available Funds - Schools - June 30, Current Year
188A		Capital Reserve or Available Funds - Hospitals - July 1, Previous Year
188B		Capital Reserve or Available Funds - Hospitals - June 30, Current Year
189A	PART 7	Cash on Hand and in Bank, and Securities - Held in Debt Service Fund
189B	CASH &	Cash on Hand and in Bank, and Securities - Construction Bond Fund - Unexpended bond proceeds
189C	INVEST	Cash on Hand and in Bank, and Securities - All Other	295,989	287,108	503,572	552,888	643,843	669,881
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	1,370,986	1,412,021	1,303,049	1,185,446	1,264,978	1,193,753
194B	FISCAL	Amounts - Subtract proceeds of refunding debt
194C	SUMMARY	Amounts - Subtract interfund transfers in						34
194D		Amounts - Net Revenues per AFIR	1,370,986	1,412,021	1,303,049	1,185,446	1,264,978	1,193,719
		Calculated amount	1,370,986	1,412,021	1,303,049	1,185,446	1,264,978	1,193,719
		Amounts in AGREEMENT??	Yes	Yes	Yes	Yes	Yes	Yes
		Difference
195A		Amounts - Total Expenditures and other financing sources per audit	1,319,076	1,803,321	1,344,667	1,301,302	1,289,490	1,317,222
195B		Amounts - Subtract payments to refunding debt escrow agent
195C		Amounts - Subtract interfund transfers out						34
195D		Amounts Net Expenditures per AFIR	1,319,076	1,803,321	1,344,667	1,301,302	1,289,490	1,317,188
		Calculated amount	1,319,076	1,803,321	1,344,667	1,301,302	1,289,490	1,317,188
		Amounts in AGREEMENT??	Yes	Yes	Yes	Yes	Yes	Yes
		Difference

	PART 10

950		Name of Official Signatory	Janet Kelly
951		Title of Official	Finance Officer
952		Date Certified	12/16/2008	01/18/2008	12/29/2006
953		Person to Contact	Janet Kelly
954		Title of Person to Contact	Finance Officer
955		Telephone Number	910-422-3333
956		Facsimile Number	910-422-8191

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

	2008	2007	2006	2005	2004	2003

Population	1,167	1,168	1,160	1,155	1,148	1,149
Population Group	No Electric 1,000 to 2,499	No Electric 1,000 to 2,499	No Electric 1,000 to 2,499	No Electric 1,000 to 2,499	No Electric 1,000 to 2,499	No Electric 1,000 to 2,499
Total Operating Revenues	$392,737	392,821	387,707	384,709	373,866	379,189
Total Operating Revenues Per Capita	$337	336	334	333	326	330
Group Weighted Average Revenues Per Capita	488	489	467	452	424	406
State Weighted Average Revenues Per Capita	364	367	356	331	308	295

% to Total Operating Revenues
Operating Expenses	138.82%	141.47%	122.13%	126.57%	150.27%	139.13%
Group Weighted Average	100.93%	98.61%	97.18%	98.55%	100.51%	98.75%
State Weighted Average	86.74%	82.44%	81.55%	85.60%	89.13%	90.84%

Operating Margin	-38.82%	-41.47%	-22.13%	-26.57%	-50.27%	-39.13%
Group Weighted Average	-0.93%	1.39%	2.82%	1.45%	-0.51%	1.25%
State Weighted Average	13.26%	17.56%	18.45%	14.40%	10.87%	9.16%

Operating Transfers In/(out)	0.00%	0.00%	0.00%	0.00%	0.00%	-0.01%
Group Weighted Average	2.57%	-0.11%	-0.40%	3.03%	2.95%	2.51%
State Weighted Average	3.96%	-0.78%	-0.58%	-0.79%	-1.21%	-0.99%

Net Income before capital contributions	-49.25%	-51.21%	-35.19%	-37.64%	-61.34%	-48.95%
Group Weighted Average	-0.06%	-0.95%	-2.70%	3.62%	0.56%	1.84%
State Weighted Average	13.45%	11.89%	9.65%	8.63%	2.88%	0.31%

Key Ratios and Cash Flow

Quick Ratio	1.61	2.64	7.21	8.84	10.44	10.74
Group Weighted Average	2.84	3.21	3.58	3.47	4.12	3.57
State Weighted Average	2.95	2.90	2.82	1.81	2.76	3.04

Days Sales in Receivables	46.8	34.7	46.8	29.3	36.8	35.1
Group Weighted Average	47.9	45.8	44.0	43.6	43.3	44.9
State Weighted Average	55.3	59.9	57.8	59.9	65.7	60.0

Days Cash on Hand	46.9	131.5	305.1	315.4	293.8	375.5
Group Weighted Average	373.1	494.7	407.8	401.1	403.8	390.4
State Weighted Average	457.8	497.5	458.0	423.5	407.9	414.8

Cash flow from Operations	-$28,908	-2,792	40,989	44,452	-19,613	37,294

Debt to Equity	0.22	0.21	0.20	0.20	0.19	0.19
Group Weighted Average	0.31	0.28	0.27	0.24	0.24	0.26
State Weighted Average	0.56	0.55	0.52	0.52	0.52	0.50

Debt per Capita	799	824	800	815	820	830
Group Weighted Average	889	788	739	702	625	629
State Weighted Average	1,136	1,091	989	929	855	852

Capital Expenditures:	2008	2007	2006	2005	2004	2003
	$7,090	123,360	14,142	1,816	0	132,897

	2002	2001	2000	1999
	$1,278,405	605,392	446,897	262,298

Capital Contributions: Excluded from income above	$0	115,140	0	5,000	25,900	206,124


Operating Statistics

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

Number of Gallons of Water Processed (000) omitted	0	0	NA	NA	NA	NA
Number of Gallons of Sewage Processed (000) omitted	0	0	NA	NA	NA	NA

Number of Gallons of Water Billed (000) omitted	0	0	NA	NA	NA	NA
Number of Gallons of Sewage Billed (000) omitted	0	0	NA	NA	NA	NA

Ratio of Water Billed to Water Processed			NA	NA	NA	NA
Ratio of Sewage Billed to Sewage Processed			NA	NA	NA	NA

Total Revenue from Water Sales	0	0	NA	NA	NA	NA
Total Revenue from Sewage Sales	0	0	NA	NA	NA	NA

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

Group Average Sales per thousand Gallons Water	$1,792.64271	$14,046.04813	NA	NA	NA	NA
Group Average Sales per thousand Gallons Sewage	$804.20668	$6,255.74662	NA	NA	NA	NA

State Average Sales per thousand Gallons Water	$13,144.87654	$5,350.70834	NA	NA	NA	NA
State Average Sales per thousand Gallons Sewage	$10,395.28087	$3,921.08643	NA	NA	NA	NA

Residential Water Sales per thousand Gallons			NA	NA	NA	NA
Residential Sewage Sales per thousand Gallons			NA	NA	NA	NA

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

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

	2004	2005	2006	2007	2008
Unit's FBA %	39.03%	26.77%	19.82%	11.54%	28.37%
Group average FBA %	70.93%	69.64%	64.79%	65.63%	62.48%
State average Electric/Non Electric Group FBA %	36.42%	36.90%	36.51%	37.14%	36.47%
State average FBA %	36.35%	36.76%	70.93%	36.37%	36.20%

Municipal Population Group: No Electric 1,000 to 2,499

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2004 2005 2006 2007 2008

Municipality 95.96% 93.42% 85.86% 86.55% 88.47%

Pop. Group 96.44% 96.84% 96.94% 97.17% 97.63%

Statewide 97.31% 97.42% 97.55% 97.59% 97.97%

Municipal Population Group: No Electric 1,000 to 2,499

	2004	2005	2006	2007	2008
Municipality	95.96%	93.42%	85.86%	86.55%	88.47%
Pop. Group	96.44%	96.84%	96.94%	97.17%	97.63%
Statewide	97.31%	97.42%	97.55%	97.59%	97.97%

Municipal Population Group: No Electric 1,000 to 2,499

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2004 2005 2006 2007 2008

Municipality 831 815 800 782 770

Pop. Group 297 306 297 294 274

Statewide 548 505 495 478 456

Municipal Population Group: 1,000 to 2,499

	2004	2005	2006	2007	2008
Municipality	831	815	800	782	770
Pop. Group	297	306	297	294	274
Statewide	548	505	495	478	456

Municipal Population Group: 1,000 to 2,499

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2004 2005 2006 2007 2008

Property Tax $200 199 262 244 292

Utility 326 333 334 336 337

Sales Tax 155 160 176 190 197

Sales & Services 120 123 127 120 140

Intergovernmental 237 151 142 237 168

Debt Proceeds 0 0 0 0 0

Other Miscellaneous 64 60 82 82 41

Total $1,102 1,026 1,123 1,209 1,175

	2004	2005	2006	2007	2008
Property Tax	$200	199	262	244	292
Utility	326	333	334	336	337
Sales Tax	155	160	176	190	197
Sales & Services	120	123	127	120	140
Intergovernmental	237	151	142	237	168
Debt Proceeds	0	0	0	0	0
Other Miscellaneous	64	60	82	82	41
Total	$1,102	1,026	1,123	1,209	1,175

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2008
2008

Category Revenue
Per Capita

Property Tax $341,074
$292

Water/Sewer 392,737
337

Electric 0
0

Other Utilities 0
0

Sales Tax 229,922
197

Sales & Services 162,817
140

Intergovernment 196,011
168

Debt Proceeds 0
0

Miscellaneous 48,425
41

Total $1,370,986
$1,175

Municipal Population Group: No Electric 1,000 to 2,499

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2008
2008

Category Expenditures
Per Capita

General Government $162,887
$139

Water/Sewer 398,857
342

Electric 0
0

Other Utilities 0
0

Debt Service 81,420
70

Transportation 99,570
85

Public Safety 430,992
369

Other 145,350
125

Total $1,319,076
$1,130

Municipal Population Group: No Electric 1,000 to 2,499

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2008
2008

Category Expenditures
Per Capita

Salaries & Wages $637,668
$546

Water/Sewer Capital 7,090
6

Electric Capital 0
0

Other Capital 3,197
3

Other Operating 671,121
575

Total $1,319,076
$1,130

Municipal Population Group: No Electric 1,000 to 2,499

Last Updated 8/27/2009 8:04:47 AM



	2008	2008
Category	Revenue	Per Capita
Property Tax	$341,074	$292
Water/Sewer	392,737	337
Electric	0	0
Other Utilities	0	0
Sales Tax	229,922	197
Sales & Services	162,817	140
Intergovernment	196,011	168
Debt Proceeds	0	0
Miscellaneous	48,425	41
Total	$1,370,986	$1,175

Municipal Population Group: No Electric 1,000 to 2,499

North CarolinaDepartment of State TreasurerFinancial InformationTown of Rowland

Financial Graphs and Comparisons

North Carolina
Department of State Treasurer
Financial Information
Town of Rowland