North Carolina
Department of State Treasurer
Financial Information
City of Sanford



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

Institute of Government North Carolina Cities Web Site

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



Municipality Revenues and Expenditures Financial Profile
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201120102009200820072006

Revenues by Source







Property Tax$11,901,529 11,750,718 11,799,974 11,341,608 10,715,061 10,101,885


Utility 17,407,532 17,050,691 16,056,807 14,472,468 14,650,534 14,527,068


Sales Tax 4,898,749 4,579,199 4,911,842 5,392,560 4,998,479 4,574,090


Sales & Services 1,488,403 1,349,704 1,374,521 1,392,456 1,281,522 1,247,007


Intergovernmental 4,699,554 4,182,633 3,207,437 3,271,451 2,859,238 2,836,737


Debt Proceeds 56,054,095 215,000 165,000 160,000 140,000 87,500


Other Miscellaneous 1,601,827 1,455,291 1,727,753 2,294,079 3,422,649 1,888,970


Total$98,051,689 40,583,236 39,243,334 38,324,622 38,067,483 35,263,257










Expenditures by Function







Utility$16,504,702 10,510,306 9,412,282 9,471,270 9,737,617 8,726,083


Debt Service 17,898,652 3,399,451 3,706,501 3,975,349 4,212,870 4,127,891


Transportation 2,441,138 2,503,096 2,582,826 2,601,835 2,537,988 2,768,459


General Government 4,085,296 4,021,650 3,079,096 2,941,037 2,758,354 2,887,042


Public Safety 13,025,913 12,335,939 12,449,384 11,004,425 10,764,775 9,897,573


Other 7,201,273 5,547,771 5,943,507 5,446,829 5,801,022 5,053,894


Total$61,156,974 38,318,213 37,173,596 35,440,745 35,812,626 33,460,942










Expenditures by Object







Salaries & Wages$19,549,529 18,225,214 18,017,329 17,470,725 16,772,129 15,909,000


Capital Outlay 7,675,740 2,877,269 2,378,721 1,782,930 2,692,176 2,089,023


Other Operating + Debt Service 33,931,705 17,215,730 16,777,546 16,187,090 16,348,321 15,462,919


Total$61,156,974 38,318,213 37,173,596 35,440,745 35,812,626 33,460,942



















Per Capita Revenues by Source







Property Tax$422 416 424 416 402 390


Utility 618 604 577 531 550 561


Sales Tax 174 161 178 197 188 177


Sales & Services 53 48 49 51 48 48


Intergovernmental 167 148 115 120 107 110


Debt Proceeds 1,989 8 6 6 5 3


Other Miscellaneous 57 52 62 84 129 73


Total$3,480 1,437 1,411 1,405 1,429 1,362










Per Capita Expenditures by Function







Utility$586 372 338 347 366 337


Debt Service 635 120 133 146 158 159


Transportation 87 89 93 95 95 107


General Government 144 142 111 108 104 113


Public Safety 462 437 448 404 404 382


Other 256 196 214 200 218 195


Total$2,170 1,356 1,337 1,300 1,345 1,293










Per Capita Expenditures by Object







Salaries & Wages$694 645 648 641 630 615


Capital Outlay 272 102 86 65 101 81


Other Operating 1,204 609 603 594 614 597


Total$2,170 1,356 1,337 1,300 1,345 1,293










Population GroupNo Electric 10,000 to 49,999 No Electric 10,000 to 49,999 No Electric 10,000 to 49,999 No Electric 10,000 to 49,999 No Electric 10,000 to 49,999 No Electric 10,000 to 49,999


Number of Municipalites in Group 65 42 41 38 34 32


Average Population In Group 20,627 19,501 19,477 20,391 20,926 20,968


City of Sanford Population 28,178 28,249 27,806 27,271 26,633 25,883

Group Average Per Capita Revenues by Source







Property Tax 411 427408403387370


Utility 955 300285320314312


Sales Tax 125 121135159156150


Sales & Services 78 6160737371


Intergovernmental 168 151146153142152


Debt Proceeds 132 83801877619


Other Miscellaneous 126 94194174213154


Total 1,995 1,2371,3081,4691,3611,228










Group Average Per Capita Expenditures by Function







Utility 872 257292270291263


Debt Service 162 141140137126136


Transportation 124 118145128125129


General Government 134 150144229139144


Public Safety 353 336325327320313


Other 274 235235253261229


Total 1,919 1,2371,2811,3441,2621,214










Group Average Per Capita Expenditures by Object







Salaries & Wages 515 459448455445434


Capital Outlay 209 186261292247214


Other Operating 1,194 591571596569565


Total 1,918 1,2361,2801,3431,2611,213


















General Fund
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201120102009200820072006

General Fund revenues$23,470,283 22,956,488 23,473,105 23,989,111 22,097,152 20,019,126

General Fund expenditures 24,456,184 23,598,250 23,035,502 21,259,353 20,724,837 19,130,018

Operating transfers in - - - - - -

Operating transfers out 337,728 52,450 116,540 303,800 74,099 107,319

Capital leases and installment purchase proceeds - 397,000 - - 1,138,000 -

Other items - - (893,400) - - 62,374

Excess of revenues and other sources over (under) expenditures and other uses (1,323,629) (297,212) (572,337) 2,425,958 2,436,216 844,163










Fund balance available (FBA):







In dollars$0 10,756,922 10,956,925 11,350,750 9,698,506 7,590,494


FBA as a % of GF Net Expenditures:







Unit's FBA %0.0046.2647.3352.6449.3339.46


Group weighted average FBA %58.4544.2741.0843.4040.4438.05


State weighted average Non-Electric Group38.2138.7137.8936.6637.3937.38


State weighted average FBA %38.2137.4737.0336.3536.5436.96

















Enterprise Funds:
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Water/Sewer













Combined financial results:







Working capital$35,234,742 15,400,736 13,407,865 14,091,771 15,562,680 13,019,824


Quick ratio7.92 4.84 4.05 4.05 4.47 4.20


Net income4,075,552 5,355,019 6,559,341 8,818,049 4,989,032 7,691,721


Cashflow from operations(7,979,932)5,782,739 7,872,014 6,151,167 6,682,253 7,951,652


Depreciation & Amortization Expense3,513,356 3,531,103 3,312,574 3,133,756 3,013,407 2,727,496


























Cash, Investments and Financing
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201120102009200820072006











Population at July 1st of the Previous Year28,17828,24927,80627,27126,63325,883


Population GroupNo Electric 10,000 to 49,999 No Electric 10,000 to 49,999 No Electric 10,000 to 49,999 No Electric 10,000 to 49,999 No Electric 10,000 to 49,999 No Electric 10,000 to 49,999


Cash &Investments$33,826,142 $29,946,330 $30,329,847 $29,925,601 $29,187,441 $24,399,489


Investment Earnings444,770 313,081 672,215 1,191,466 1,414,578 899,586


Tax Rate Equivalent0.02070.01480.03190.06020.08020.0526


Tax Rate Equivalent Group weighted average0.00570.00940.02620.03930.05230.0385


Tax Rate Equivalent Statewide weighted average0.01560.02470.01330.05240.09200.0573


Latest year of Revaluation 200720072007200720032003


January 1, Prior Year Assessed Valuation$2,150,856,685 2,116,383,788 2,104,515,027 1,979,529,880 1,764,747,044 1,708,695,233


Tax Rate0.54000.54000.54000.55000.61000.5900


Tax Rate Group weighted average0.42740.42560.43350.45640.47540.4663


Tax Rate State Wide0.41220.40900.42620.42380.44500.4321


Assessment -to-Sales Ratio96.2095.7793.94100.0087.9388.75


Assessment -to-Sales Ratio Group weighted average101.4698.4792.4489.9990.6393.35


Assessment -to-Sales Ratio Statewide101.4798.2790.8188.5388.4192.28


Assessed Valuation Adjusted for Assesment to Sales Ratio$2,235,817,760 2,209,860,904 2,240,275,737 1,979,529,880 2,006,990,838 1,925,290,403


EffectiveTax Rate0.51950.51720.50730.55000.53640.5236


Group weighted average Effective Tax Rate0.43360.41910.40070.41070.43090.4353


Statewide weighted average Effective Tax Rate0.41830.40200.38700.37520.39340.3987


Percent Collected97.700098.220097.900097.090096.770096.7500


Percent Collected Group weighted average96.9096.9596.9997.3997.2397.48


Percent Collected Statewide97.5997.3697.3497.5697.5897.55


Percent Collected Excluding Motor Vehicles98.6499.1899.0098.3998.1498.13


Percent Collected Excluding Motor Vehicles Group weighted average97.7397.6697.8398.3498.3098.54


Percent Collected Excluding Motor Vehicles Statewide weighted average98.3598.2398.3098.6598.5998.61


Percent Collected Motor Vehicles Only 84.7885.7284.9883.7283.6583.65


Percent Collected Motor Vehicles Only Group weighted average86.7887.4486.5187.0986.1587.32


Percent Collected Motor Vehicles Only Statewide weighted average 87.2886.3486.5586.7486.7186.80


Tax Uncollected961,154 919,919 1,019,602 1,158,504 1,197,538 1,135,929


Tax Rate Equivalent0.04470.04350.04840.05850.06790.0665


Dominant County: Lee






Debt Information








Population Group25,000 to 49,99925,000 to 49,99925,000 to 49,99925,000 to 49,99925,000 to 49,99925,000 to 49,999


Ratings:







Fitch







Moody's
A1A1A1A1A1


S & P
A+A+A+A+A+











General Obligation Debt (GO) where the taxing power of the entrire municipality is pledged to pay the obligation




Enterprise GO Debt$0 1,165,000 2,295,000 3,445,000 4,615,000 5,805,000


General Government GO Debt0 0 0 0 0 0


Total General Obligation Debt0 1,165,000 2,295,000 3,445,000 4,615,000 5,805,000


Per Capita$0 41 83 126 173 224


Total Per Capita for the Population Group#N/A220 221 247 243 283


Total Per Capita Statewide#N/A449 455 456 478 495


Total per Assessed Valuation Adjusted for Current Year Sales0.0000%0.0527%0.1024%0.1740%0.2299%0.3015%


Total per Assessed Valuation Adjusted for Current Year Sales- Group Average#N/A0.2139%0.2012%0.2539%0.2706%0.3405%


Total per Assessed Valuation Adjusted for Current Year Sales - Statewide#N/A0.4104%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 13,684,695 15,167,391 16,605,093 17,999,450 16,535,140


--General Government0 785,072 1,029,532 1,297,827 1,634,969 1,968,002


Total*$0 14,469,766 16,196,923 17,902,920 19,634,419 18,503,142


* The total only includes the contracts that require Local Government Commission approval.




Revenue Bond Debt $0 1,170,000 1,267,500 1,365,000 1,462,500 1,560,000


















Annual Financial Information Report Detail
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LineSectionDescription201120102009200820072006

Population at July 1st of the Previous Year Adjusted for Boundry Changes28,17828,24927,80627,27126,63325,883









1.5AFISCAL Governmental Activities Assets43,025,63941,270,56541,091,35141,850,68040,527,48736,337,436
1.5BSUMMARYGovernmental Activities Liabilities5,322,3085,585,1024,300,6894,300,6894,578,4333,502,340
3.5A
Business Type Activities Assets168,931,396107,986,621100,677,281100,677,28194,782,00690,969,451
3.5B
Business Type Activities Liabilties76,279,45319,410,23024,015,25024,015,25026,938,02427,061,143
6.5A
Fiduciary Funds Assets





6.5B
Fiduciary Funds Liabilties





10.0PART 2Current Collections of Unit -Wide Levy11,668,49911,472,28211,412,35810,925,65310,383,5809,797,708
11.0TAXCurrent Collections of Special Tax Districts51,87153,53454,87154,08156,86556,599
12.0REVENUESPrior Years' Levy Collections184,388208,229302,850339,543264,248246,634
13.0
Penalties and Interest48,64270,20784,76676,41267,23357,543
14.0
Collections of Taxes Previously Written Off





15.0
Animal Tax





15.1
Solid Waste Disposal Tax18,78419,13212,508


16.0
1% Local Government Option Sales Tax2,066,6401,962,1412,057,6462,291,1692,031,8932,023,015
17.0
1/2% Local Government Option Sales Tax (40)973,287929,237997,4401,071,9931,035,140865,577
18.0
1/2% Local Government Option Sales Tax (42)992,527927,711987,3481,061,7691,029,529855,001
18.5
1/2% Local Government Option Sales Tax (44)866,295760,110869,408967,629901,917830,497
19.0
Privilege Licenses





19.2
Privilege -- All other privileges and pemits3,75542,493286,116212,4735,1153,980
20.0
Auto Licenses





21.0
Vehicle Tax for Public Transportation





22.0
Other Licenses223,834227,395260,378221,285157,059163,918
23.0
Local Occupancy Tax





24.0
Prepared Food Tax





25.0
911 Charges





26.0
Gross Short Term lease and Rental Tax





27.0FEDERALPayments In Lieu of Taxes - Federal





28.0INTERGOVEquitable Sharing of Fed. Forfeited Prop.2,479
11,6495,6962,92516,670
29.0REVENUESGeneral Government963,798239,491



30.0
Public Safety193,906278,430
54,9347,63222,121
31.0
Transportation - Streets





32.0
Transportation - All Other429,531728,266288,095171,680

33.0
Environmental Protection36,277138,871



34.0
Econ. & Phys. Dev. - Housing/Comm. Dev.





35.0
Econ. & Phys. Dev. - All Other130,759




36.0
Human Services: Health, Mental Hlt & Hosp





37.0
Human Services: All Other





38.0
Culture & Recreation





39.0STATEPayments In Lieu of Taxes - State





40.0INTERGOVUnauthorized Substance Tax7123,29454,03952,88040,73619,680
41.0REVENUESTransitional Hold Harmless





42.0
Wireless Enhanced 911 Service Charges

304,783


42.1
Emergency Telephone Services Fund (ETSF) Revenues (Do not include interest)505,989327,183



42.2
ETSF Interest Income





43.0
Piped Natural Gas Charge Distribution





44.0
Utility Franchise Tax1,445,3701,511,7801,465,6591,519,4031,387,9091,179,328
45.0
Beer and Wine Tax62,25219,82961,23661,34158,48252,632
46.0
Powell Bill760,294746,466831,724914,972800,387768,240
50.0
Court Fees - Facilities and Arrest Fees15,1847,84810,7109,35912,70717,836
51.0
General Government77,15886,180



52.0
Public Safety
46,03944,150
2,0301,853
53.0
Transportation - Streets





54.0
Transportation - All Other1,05026,950



55.0
Environmental Protection





56.0
Econ. & Phys. Dev. - Housing/Community Dev

112,500454,578524,499742,196
57.0
Econ. & Phys. Dev. - All Other43,586




58.0
Human Services -Health, Mental Health, Hosp





59.0
Human Services - All Other





60.0
Culture and Recreation





61.0LOCALPayments in Lieu of Taxes - Local31,20922,00622,89221,60815,73116,181
62.0INTERGOVGeneral Government





63.0REVENUESPublic Safety





64.0
Transportation - Streets





65.0
Transportation - All Other





66.0
Environmental Protection





67.0
Economic and Physical Development


5,0006,200
68.0
Human Services - Health, Mental Hlt & Hosp





69.0
Human Services - All Other





70.0
Culture and Recreation





71.0PERMITS Building Permits367,185289,050288,166426,514520,259375,724
72.0& FEESInspection Fees





72.1
Amusements licensing and permit taxes





73.0
Other Permits





74.0SALES &Parking Revenues





75.0SERVICESRents and Royalties109,43830,51030,51030,51031,71030,510
76.0
Airport





77.0
Fire Protection Charges





78.0
Solid Waste865,947886,057884,586846,786837,187817,415
79.0
Ambulance and Rescue Squad Charges





80.0
Cemeteries





81.0
Recreation Service Revenues513,018433,137459,425515,160412,625399,082
82.0
Library Service Revenues





83.0
Other Cultural and Rec Service Revenues





84.0
Mass Transit - City Operated





85.0
Other Sales and Services124,492424,547109,889123,91937,672
86.0UTILITYWater and Sewer Charges17,283,04016,626,14415,946,91814,348,54914,612,86214,527,068
87.0REVENUESElectric Charges





88.0
Gas Charges





88.1
Storm Water Fees





89.0MISC.Investment Earnings - Bond Proceeds424,944




90.0REVENUESInvestment Earnings - All Other Funds444,770313,081672,2151,191,4661,414,578899,586
91.0
Special Assessments 2,6417,24175,53325,83125,41426,641
92.0
Private Contributions and Donations





93.0
Sales of Materials and Fixed Assets82,827125,49790,474162,429105,359167,774
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




70,000
98.0
Other Miscellaneous Revenues170,000215,000165,000160,000140,00087,500
99.0
Proceeds of Sale of Bonds and Notes55,884,095




100.0
Proceeds of Capital Leases/Install Purchases
397,000

1,138,000124,748
101.0
Other17,515,5081,686,0231,457,7751,795,1351,718,8771,767,236
102.0NON-REVSchool - Current Levy Collections





103.0RECEIPTSPrior Years' Levy Collections





104.0
Tax Collections for Other Units





105.0
Utilities Customer's Deposits4,065-12,554-86,46048,6889,750
106.0
Deposits Other than Utility





107.0
Prepaid Taxes6,437-6,077-7,0121,8473,265
108.0
Prepaid Privilege Licenses





109APART 4Governing Body - Salaries & Wages160,533154,428135,494137,353142,449132,604
109BGENERALGoverning Body - Other Direct75,39674,32067,38957,89064,58375,108
109CGOVTGoverning Body - Construction





109D
Governing Body - Purchase of P,P&E


5,937900
110A
Administration - Salaries & Wages310,730313,580293,590281,029284,158287,352
110B
Administration - Other Direct65,35866,01763,61164,10363,60954,679
110C
Administration - Construction





110D
Administration - Purchase of P,P&E



9,3417,536
111A
Elections - Salaries & Wages





111B
Elections - Other Direct
20,584
22,781
11,855
111C
Elections - Construction





111D
Elections - Purchase of P,P&E





112A
Finance - Salaries & Wages417,512423,420425,948423,010413,490341,633
112B
Finance - Other Direct305,858303,090297,237257,388248,045227,425
112C
Finance - Construction





112D
Finance - Purchase of P,P&E



3,5281,798
113A
Taxes - Salaries & Wages





113B
Taxes - Other Direct





113C
Taxes - Construction





113D
Taxes - Purchase of P,P&E





114A
Legal - Salaries & Wages93,009103,43570,14670,22482,55977,244
114B
Legal - Other Direct59,56671,73663,96833,40122,51121,502
114C
Legal - Construction





114D
Legal - Purchase of P,P&E


27,7957851,790
115A
Public Buildings - Salaries & Wages285,784324,490292,465389,784376,329353,950
115B
Public Buildings - Other Direct1,118,399813,562766,749551,614549,310644,821
115C
Public Buildings - Construction





115D
Public Buildings - Purchase of P,P&E245,109557,143110,39860,92946,260138,350
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 & Wages13,92945,10491,61792,26614,4098,804
117B
Central Services - Other Direct352,037337,08975,94893,36084,912113,965
117C
Central Services - Construction





117D
Central Services - Purchase of P,P&E30,27526,6488,910
16,60323,560
118A
Gen. Govt. All Other - Salaries & Wages288,789274,431246,331311,132226,547256,441
118B
Gen. Govt. All Other - Other Direct247,32196,40856,61461,04149,04156,997
118C
Gen. Govt. All Other - Construction





118D
Gen. Govt. All Other - Purchase of P,P&E15,69116,16512,681
58,98549,628
119APUBLICPolice & Comm - Traffic Control - Salaries and Wages6,535,5666,168,6425,894,7245,597,5425,350,7845,180,126
119BSAFETYPolice & Comm - Traffic Control - Other Direct1,232,0521,427,5441,378,6841,171,2031,053,531967,702
119C
Police & Comm - Traffic Control - Construction





119D
Police & Comm - Traffic Control - Purchase of P,P&E683,365622,496611,169106,273531,41084,001
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 & Wages3,160,8003,004,0952,938,8512,895,3512,881,9912,722,075
122B
Fire - Other Direct563,703441,036436,588456,348358,365351,570
122C
Fire - Construction





122D
Fire - Purchase of P,P&E136,459313,858634,47456,43532,66839,455
123A
Inspectors - Salaries & Wages318,762309,977375,254407,892393,708383,182
123B
Inspectors - Other Direct56,99848,29158,98265,35653,93561,457
123C
Inspectors - Construction





123D
Inspectors - Purchase of P,P&E27,193

132,1331,70018,878
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





127ATRANSPORTraffic Engineering - Salaries & Wages





127BTATIONTraffic Engineering - Other Direct





127C
Traffic Engineering - Construction





127D
Traffic Engineering - Purchase of P,P&E





128A
Streets and Highways - Salaries & Wages850,670745,521758,771764,169752,249689,099
128B
Streets and Highways - Other Direct663,6381,727,399801,627634,974713,130980,590
128C
Streets and Highways - Construction





128D
Streets and Highways - Purchase of P,P&E166,53630,176190,704282,720272,222330,530
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 Direct760,294
831,724919,972800,387768,240
130C
Powell Bill - Construction





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





136AENVIRONSolid Waste - Salaries & Wages817,830791,961783,488764,064720,379645,201
136BMENTALSolid Waste - Other Direct1,514,0291,606,1591,694,6291,740,7101,729,3941,567,423
136CPROTECTIONSolid Waste - Construction





136D
Solid Waste - Purchase of P,P&E178,803
100,325227,788432,508149,398
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





140AECONOMICPlanning & Zoning - Salaries & Wages1,093,2681,047,1321,013,922921,158880,674831,856
140B& PHYSICALPlanning & Zoning - Other Direct113,288117,935237,859118,361104,455101,082
140CDEVELOPPlanning & Zoning - Construction





140D
Planning & Zoning - Purchase of P,P&E


13,31411,3495,053
141A
Economic Development - Salaries & Wages





141B
Economic Development - Other Direct193,878218,670245,400173,964326,605168,795
141C
Economic Development - Construction





141D
Economic Development - Purchase of P,P&E





142A
Community Development - Salaries & Wages





142B
Community Development - Other Direct1,785,0661,258,426431,964493,202771,819751,537
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 Direct376,446187,048227,025200,657200,497205,491
145C
Econ. Dev. All Other - Construction





145D
Econ. Dev. All Other - Purchase of P,P&E





146AHUMANHealth - Salaries & Wages





146BSERVICESHealth - 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





153ACULTURE Recreation & Parks - Salaries & Wages407,409
372,382340,451339,539371,533
153BRECREATIONRecreation & Parks - Other Direct268,255
205,076320,705259,786256,525
153C
Recreation & Parks - Construction





153D
Recreation & Parks - Purchase of P,P&E46,866
81,706132,45524,017
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





158AUTILITYWater & Sewer - Salaries & Wages4,794,9384,518,9984,324,3464,075,3003,912,8643,627,900
158B
Water & Sewer - Other Direct 5,564,3214,680,5254,459,5824,658,8194,574,8533,859,137
158C
Water & Sewer - Construction2,872,106




158D
Water & Sewer - Purchase of P,P&E3,273,3371,310,783628,354737,1511,249,9001,239,046
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





161BDEBTWater & Sewer - Interest & Fees1,894,416694,794818,247965,9701,031,0071,106,670
161DSERVICEWater & Sewer - Principal16,004,2362,704,6572,888,2543,009,3793,181,8633,021,221
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





166D
All Other - Principal





167BPENSIONDirect Benefit Program - Other Direct





168BFRINGEFringe Benefits Unallocated





169B
Separation Allowance - Law Enforcement123,186
120,658


170B
Separation Allowance - Other Employees

297,125


171B
Supplemental Retirement - Law Enforcement187,829

115,892106,68389,127
172B
Fringe Benefits Other406,135320,440252,606


173AINTERGOVMulti-Cnty Libr Dis,Cnty,Or Other - Recipient





173BEXPENDMulti-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 vehicles11,133,478.10,849,766.0010,745,114.0010,259,796.009,713,469.009,162,373.00
180.0
Current year's levy -- Motor vehicles (only)809,739.830,557.00912,036.00993,027.001,016,935.00964,496.00
181.0PART 6Uncollected Taxes - Current Year's Levy Except Mot Veh151,415.89,362.00107,566.00165,477.00180,603.00171,433.00
182.0OTHERUncollected Taxes - CY Levy -Motor Vehicles123,220118,598136,982161,693166,221157,728
183.0DATAPercentage of Taxes Collected - All Property %97.7098.2297.9097.0996.7796.75
184.0DATAPercentage of Taxes Collected - Exclude Motor Vehicles%98.6499.1899.0098.3998.1498.13
185.0
Percentage of Taxes Collected - Motor Vehicles %84.7885.7284.9883.7283.6583.65
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





189APART 7Cash On Hand & in Bank - Debt Service





189BCASH &Cash On Hand & in Bank - Construction Bond35,719,870




189CINVESTCash On Hand & in Bank - All Other33,826,14229,946,33030,329,84729,925,60129,187,44124,399,489
190A PARTAppropriations Made During FY - B(1) - B(7)





190B 8Expenditures 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





194APART 9Amount - Total Revenues115,782,70942,338,39140,763,61740,169,75739,836,36037,137,812
194BFISCALAmount - Subtract Refunding Bond Proceeds





194CSUMMARYAmount - Subtract Interfund Transfers In196,72850,00050,00050,00050,000107,319
194D
Amount - Net Revenues115,585,98142,288,39140,713,61740,119,75739,786,36037,030,493


Calculated amount115,585,98142,288,39140,713,61740,119,75739,786,36037,030,493


Amounts in AGREEMENT??YesYesYesYesYesYes


Difference





195A
Amount - Total Expenditures61,353,70238,368,21337,223,59635,490,74535,862,62633,568,261
195B
Amount - Subtract Pymts. to Refunded Debt Agent





195C
Amount - Subtract Interfund Transfers Out196,72850,00050,00050,00050,000107,319
195D
Amount - Net Expenditures61,156,97438,318,21337,173,59635,440,74535,812,62633,460,942


Calculated amount61,156,97438,318,21337,173,59635,440,74535,812,62633,460,942


Amounts in AGREEMENT??YesYesYesYesYesYes


Difference














401APart 10Number of residential accounts billed Water



288,003
401BWater /Number of residential accounts billed Sewer





402ASewer Amount processed and/or purchased in units Water
276,230257,442272,0112,421,008
402BOperationsAmount processed and/or purchased in units Sewer
207,175195,948178,1661,553,264
403A
Total amount billed in units - Water
214,955189,370251,8751,637,433
403B
Total amount billed in units - Sewer
128,949131,498151,6691,039,654
404A
Of the total in 403A above how many units were Residential W
101,525101,291114,495717,349
404B
Of the total in 403B above how many units were Residential S



667,324
405A
Of the total in 403 above, how many units were Outside Muni W



169,387
405B
Of the total in 403 above, how many units were Outside Muni S



288,003
406A
Of the total in 405A above how many units were Residential W



3,287
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 bulk6,560,0159,628,7568,664,3219,835,9628,662,175
408A
Dollars related to 403A above2,941,8996,554,9606,062,4076,359,7395,837,494
408B
Dollars related to 403B above10,179,1896,085,8505,796,8575,930,9045,177,449
409A
Dollars related to 404A above675,7182,794,9482,122,8412,462,0871,917,151
409B
Dollars related to 404B above



4,755,255
410A
Dollars related to 405A above



1,292,125
410B
Dollars related to 405B above



2,955,407
411A
Dollars related to 406A above



26,955
411B
Dollars related to 406B above





412A
Dollars related to 407A above





412B
Dollars related to 407B above15,43115,26215,33815,119

421A
Number of residential accounts billed - Water7,8737,7667,7117,569

421B
Number of residential accounts billed - Sewer1,6771,6741,6491,658

422A
Number of non-residential & bulk accounts billed - Water1,2571,2611,3021,302

422B
Number of non-residential & bulk accounts billed - Sewer222222
423A
Estimated percentage of accounts outside of municipal limits
































950.0
OfficialMelissa C. Cardinali

951.0
TitleFinancial Services Director

952.0
Date12/23/201111/01/201001/04/201010/28/200811/15/200710/24/2006
953.0
Contactsame

954.0
Title


955.0
Phone919-775-8209




956.0
Fax919-775-5084




957.0
E-Mail:


















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Key Ratios and Operations Statistics of Water and Sewer Systems for



City of Sanford













201120102009200820072006








Population
28,17828,24927,80627,27126,63325,883
Population Group
No Electric 10,000 to 49,999 No Electric 10,000 to 49,999 No Electric 10,000 to 49,999 No Electric 10,000 to 49,999 No Electric 10,000 to 49,999 No Electric 10,000 to 49,999
Total Operating Revenues
$000000
Total Operating Revenues Per Capita
$000000
Group Weighted Average Revenues Per Capita62292255292284281
State Weighted Average Revenues Per Capita20273252255255249








% to Total Operating Revenues






Operating Expenses
0.00%0.00%0.00%0.00%0.00%0.00%
Group Weighted Average
89.72%81.31%86.77%84.07%79.92%78.69%
State Weighted Average
92.57%83.23%87.16%84.09%80.04%79.35%








Operating Margin
0.00%0.00%0.00%0.00%0.00%0.00%
Group Weighted Average
10.28%18.69%13.23%15.93%20.08%21.31%
State Weighted Average
7.43%16.77%12.84%15.91%19.96%20.65%








Operating Transfers In
0.00%0.00%0.00%0.00%0.00%0.00%
Group Weighted Average
7.90%5.48%1.60%3.01%1.90%5.63%
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
11.07%4.03%4.70%5.87%4.30%9.15%
State Weighted Average
17.30%1.55%2.65%3.15%1.85%2.84%








Net Income before capital contributions
0.00%0.00%0.00%0.00%0.00%0.00%
Group Weighted Average
60.39%35.72%15.82%28.68%27.81%13.28%
State Weighted Average
212.96%15.81%-9.94%18.14%25.59%24.27%








Key Ratios and Cash Flow














Quick Ratio
7.924.844.054.054.474.20
Group Weighted Average
3.923.163.263.273.323.27
State Weighted Average
3.943.212.822.962.912.83








Days Sales in Receivables
8.0N/AN/AN/AN/AN/A
Group Weighted Average
33.158.955.954.357.347.9
State Weighted Average
13.057.958.556.661.659.8








Days Cash on Hand
0.00.00.00.00.00.0
Group Weighted Average
-563.7620.1545.1556.3635.7535.4
State Weighted Average
-80.4613.4559.6588.2645.7570.9








Cash flow from Operations
-$7,979,9325,782,7397,872,0146,151,1676,682,2537,951,652








Debt to Equity
0.000.000.000.000.000.00
Group Weighted Average
0.370.460.370.410.450.46
State Weighted Average
0.310.590.540.540.550.55








Debt per Capita
000000
Group Weighted Average
120654445568594607
State Weighted Average
34897784781761733








Capital Expenditures:
201120102009200820072006


$000000










2005200420032002



$9,215,0971,114,400463,721375,089









Capital Contributions: Excluded from income above
$000000
















Operating Statistics














Estimated population of the areas served Water00000NA
Estimated population of the areas served Sewer00000NA








Number of Gallons of Water Processed (000) omitted0276,230257,442272,0112,421,008NA
Number of Gallons of Sewage Processed (000) omitted0207,175195,948178,1661,553,264NA








Number of Gallons of Water Billed (000) omitted0214,955189,370251,8751,637,433NA
Number of Gallons of Sewage Billed (000) omitted0128,949131,498151,6691,039,654NA








Ratio of Water Billed to Water Processed
0.778170.735580.925970.67634NA
Ratio of Sewage Billed to Sewage Processed
0.622420.671090.851280.66934NA








Total Revenue from Water Sales6,560,0159,628,7568,664,3219,835,9628,662,175NA
Total Revenue from Sewage Sales2,941,8996,554,9606,062,4076,359,7395,837,494NA








Water Revenue per 1000 gallons of Sales





NA
Sewage Revenue per 1000 gallons of Sales





NA








Group Average Sales per thousand Gallons Water$0.00627$37.70357$43.89276$8,202.96943$14,778.61260NA
Group Average Sales per thousand Gallons Sewage$0.00633$67.57647$70.12682$7,248.67586$17,123.03994NA








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








Residential Water Sales per thousand Gallons
59.9443557.2297351.800557.21748NA
Residential Sewage Sales per thousand Gallons
48.9757544.2369140.108945.38142NA








Water Sales per thousand Gallons outside Municipal Limits



7.12586NA
Sewage Sales per thousand Gallons outside Municipal Limits



7.62824NA








Total Water Sales per thousand gallons for Redistribution$0.000000.000000.000000.000000.00000NA
Total Sewage Sales per thousand gallons for Redistribution$0.000000.000000.000000.000000.00000NA




Financial Graphs and Comparisons


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

20072008200920102011
Unit's FBA %49.33%52.64%47.33%46.26%0.00%
Group average FBA %40.44%43.40%41.08%44.27%58.45%
State average Electric/Non Electric Group FBA %37.39%36.66%37.89%38.71%38.21%
State average FBA %36.54%36.35%40.44%37.47%38.21%






Municipal Population Group: No Electric 10,000 to 49,999

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Analysis of Property Tax

20072008200920102011
Municipality96.77%97.09%97.90%98.22%97.70%
Pop. Group97.23%97.39%96.99%96.95%96.90%
Statewide97.58%97.56%97.34%97.36%97.59%






Municipal Population Group: No Electric 10,000 to 49,999






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Analysis of General Obligation Debt

20072008200920102011
Municipality17312683410
Pop. Group243247221220#N/A
Statewide478456455449#N/A






Municipal Population Group: 25,000 to 49,999






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Analysis of Revenue

20072008200920102011
Property Tax$402416424416422
Utility550531577604618
Sales Tax188197178161174
Sales & Services4851494853
Intergovernmental107120115148167
Debt Proceeds56681,989
Other Miscellaneous12984625257
Total$1,4291,4051,4111,4373,480

Go to top of page
Analysis of Revenue for Fiscal 2011











2011
2011
CategoryRevenue
Per Capita
Property Tax$11,901,529
$422
Water/Sewer124,492
4
Electric17,283,040
613
Other Utilities0
0
Sales Tax4,898,749
174
Sales & Services1,488,403
53
Intergovernment4,699,554
167
Debt Proceeds56,054,095
1,989
Miscellaneous1,601,827
57
Total$98,051,689
$3,480





Municipal Population Group: No Electric 10,000 to 49,999





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Analysis of Expenditures by Function for Fiscal 2011











2011
2011
CategoryExpenditures
Per Capita
General Government$4,085,296
$144
Water/Sewer0
0
Electric16,504,702
586
Other Utilities0
0
Debt Service17,898,652
635
Transportation2,441,138
87
Public Safety13,025,913
462
Other7,201,273
256
Total$61,156,974
$2,170





Municipal Population Group: No Electric 10,000 to 49,999





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Analysis of Expenditures by Object for Fiscal 2011






2011
2011
CategoryExpenditures
Per Capita
Salaries & Wages$19,549,529
$694
Water/Sewer Capital0
0
Electric Capital6,145,443
218
Other Capital1,530,297
54
Other Operating33,931,705
1,204
Total$61,156,974
$2,170





Municipal Population Group: No Electric 10,000 to 49,999






Last Updated 1/31/2012 4:28:33 PM