North Carolina
Department of State Treasurer
Financial Information
Town of Siler City

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 Go to top of page			2009	2008	2007	2006	2005	2004
	Revenues by Source
		Property Tax	$1,871,050	1,978,276	1,869,597	1,799,241	1,683,236	1,520,792
		Utility	4,863,106	4,943,738	4,384,538	4,565,418	3,858,508	3,846,756
		Sales Tax	1,596,779	1,777,562	1,708,324	1,504,676	1,354,946	1,220,622
		Sales & Services	244,679	248,659	238,968	230,708	224,643	234,464
		Intergovernmental	1,995,605	3,271,190	1,302,303	1,668,493	947,217	890,609
		Debt Proceeds	-	8,049,447	8,000,000	-	84,006	-
		Other Miscellaneous	437,460	751,320	783,774	479,354	358,759	301,741
		Total	$11,008,679	21,020,192	18,287,504	10,247,890	8,511,315	8,014,984

	Expenditures by Function
		Utility	$9,750,982	15,085,671	4,406,654	3,409,285	3,371,945	3,429,945
		Debt Service	1,439,423	1,588,711	982,141	954,229	951,655	930,900
		Transportation	989,837	1,091,792	1,102,728	936,015	927,173	789,540
		General Government	813,028	815,300	861,922	771,716	723,782	646,407
		Public Safety	2,096,495	2,168,130	2,605,155	1,800,077	1,683,003	1,707,708
		Other	1,130,293	1,468,478	1,224,946	1,700,698	959,162	992,227
		Total	$16,220,058	22,218,082	11,183,546	9,572,020	8,616,720	8,496,727

	Expenditures by Object
		Salaries & Wages	$3,011,315	3,176,200	3,070,413	2,754,719	2,575,367	2,485,370
		Capital Outlay	6,523,743	11,430,889	1,936,137	1,252,334	509,785	589,515
		Other Operating + Debt Service	6,685,000	7,610,993	6,176,996	5,564,967	5,531,568	5,421,842
		Total	$16,220,058	22,218,082	11,183,546	9,572,020	8,616,720	8,496,727


	Per Capita Revenues by Source
		Property Tax	$220	236	228	227	217	202
		Utility	571	591	534	575	496	512
		Sales Tax	187	212	208	190	174	163
		Sales & Services	29	30	29	29	29	31
		Intergovernmental	234	391	159	210	122	118
		Debt Proceeds	-	961	975	-	11	-
		Other Miscellaneous	51	90	95	60	46	40
		Total	$1,292	2,511	2,228	1,291	1,095	1,066

	Per Capita Expenditures by Function
		Utility	$1,144	1,802	537	430	434	456
		Debt Service	169	190	120	120	122	124
		Transportation	116	130	134	118	119	105
		General Government	95	98	105	97	94	86
		Public Safety	246	259	317	227	217	227
		Other	133	175	149	214	123	132
		Total	$1,903	2,654	1,362	1,206	1,109	1,130

	Per Capita Expenditures by Object
		Salaries & Wages	$353	379	374	347	331	331
		Capital Outlay	766	1,365	236	158	66	78
		Other Operating	784	910	752	701	712	721
		Total	$1,903	2,654	1,362	1,206	1,109	1,130

	Population Group		No Electric 2,500 to 9,999	No Electric 2,500 to 9,999	No Electric 2,500 to 9,999	No Electric 2,500 to 9,999	No Electric 2,500 to 9,999	No Electric 2,500 to 9,999
		Number of Municipalites in Group	119	117	120	119	116	114
		Average Population In Group	4,614	4,782	4,848	4,820	4,759	4,871
		Town of Siler City Population	8,522	8,372	8,209	7,937	7,773	7,519
	Group Average Per Capita Revenues by Source
		Property Tax	345	342	312	306	296	284
		Utility	313	319	316	326	307	292
		Sales Tax	140	162	158	154	146	140
		Sales & Services	86	82	79	74	70	68
		Intergovernmental	184	184	176	160	165	184
		Debt Proceeds	212	176	109	95	65	77
		Other Miscellaneous	105	127	161	126	110	97
		Total	1,385	1,392	1,311	1,241	1,159	1,142

	Group Average Per Capita Expenditures by Function
		Utility	415	381	334	305	290	305
		Debt Service	101	105	97	98	101	104
		Transportation	95	113	112	112	105	100
		General Government	185	172	160	156	154	159
		Public Safety	317	325	312	280	268	261
		Other	218	235	237	209	218	199
		Total	1,331	1,331	1,252	1,160	1,136	1,128

	Group Average Per Capita Expenditures by Object
		Salaries & Wages	430	425	408	390	385	359
		Capital Outlay	320	287	254	205	179	208
		Other Operating	581	619	590	565	572	561
		Total	1,331	1,331	1,252	1,160	1,136	1,128


General Fund Go to top of page			2009	2008	2007	2006	2005	2004
	General Fund revenues		$5,069,166	5,512,292	5,486,175	4,845,929	4,463,773	4,094,590
	General Fund expenditures		5,168,338	5,732,068	5,947,137	4,756,303	4,558,644	4,404,939
	Operating transfers in		24,596	200,296	214,907	180,502	278,548	176,725
	Operating transfers out		26,000	16,667	42,280	10,314	86,930	1,331
	Capital leases and installment purchase proceeds		-	162,044	541,251	-	84,006	-
	Other items		2,710	-	4,818	-	-	12,292
	Excess of revenues and other sources over (under) expenditures and other uses		(97,866)	125,897	257,734	259,814	180,753	(122,663)

	Fund balance available (FBA):
		In dollars	$2,310,056	2,296,254	2,205,528	2,036,027	1,712,220	1,613,289
		FBA as a % of GF Net Expenditures:
		Unit's FBA %	44.47	41.10	40.48	42.71	37.54	36.61
		Group weighted average FBA %	70.08	65.07	64.31	62.32	62.21	61.38
		State weighted average Non-Electric Group	37.77	36.63	37.38	37.38	36.82	36.42
		State weighted average FBA %	37.00	36.34	36.55	36.96	36.78	36.35


Enterprise Funds: Go to top of page
	Water/Sewer

	Combined financial results:
		Working capital	$1,081,433	2,172,294	10,684,634	3,234,008	2,740,227	2,925,640
		Quick ratio	1.47	3.04	14.29	4.42	4.15	4.44
		Net income	1,156,929	1,964,496	231,362	2,364,448	(248,393)	(60,913)
		Cashflow from operations	1,266,923	701,347	809,714	1,400,713	802,864	729,075
		Depreciation & Amortization Expense	882,221	879,073	834,669	788,221	793,993	790,599



Cash, Investments and Financing Go to top of page			2009	2008	2007	2006	2005	2004

		Population at July 1st of the Previous Year	8,522	8,372	8,209	7,937	7,773	7,519
		Population Group	No Electric 2,500 to 9,999	No Electric 2,500 to 9,999	No Electric 2,500 to 9,999	No Electric 2,500 to 9,999	No Electric 2,500 to 9,999	No Electric 2,500 to 9,999
		Cash &Investments	$5,630,058	15,057,075	14,002,288	6,249,814	5,656,176	5,752,697
		Investment Earnings	226,338	518,259	345,033	234,009	126,130	84,329
		Tax Rate Equivalent	0.0540	0.1190	0.0817	0.0576	0.0329	0.0227
		Tax Rate Equivalent Group weighted average	0.0129	0.0296	0.0439	0.0322	0.0212	0.0115
		Tax Rate Equivalent Statewide weighted average	0.0133	0.0524	0.0920	0.0573	0.0415	0.0340
		Latest year of Revaluation		2005	2005	2004	2001	2001
		January 1, Prior Year Assessed Valuation	$419,407,619	435,619,177	422,165,059	406,089,322	383,496,668	371,755,740
		Tax Rate	0.4500	0.4500	0.4500	0.4300	0.4300	0.4100
		Tax Rate Group weighted average	0.2710	0.2682	0.3126	0.3191	0.3626	0.3759
		Tax Rate State Wide	0.4267	0.4243	0.4452	0.4321	0.4448	0.4566
		Assessment -to-Sales Ratio	88.63	89.90	97.53	100.00	89.76	94.02
		Assessment -to-Sales Ratio Group weighted average	92.21	90.92	83.47	91.52	85.31	89.22
		Assessment -to-Sales Ratio Statewide	90.81	88.52	88.41	92.28	92.35	92.18
		Assessed Valuation Adjusted for Assesment to Sales Ratio	$473,211,801	484,559,707	432,856,617	406,089,322	427,246,734	395,400,702
		EffectiveTax Rate	0.3988	0.4046	0.4389	0.4300	0.3860	0.3855
		Group weighted average Effective Tax Rate	0.2499	0.2438	0.2610	0.2921	0.3093	0.3354
		Statewide weighted average Effective Tax Rate	0.3875	0.3756	0.3936	0.3987	0.4108	0.4209
		Percent Collected	94.99	92.69	93.05	97.15	96.75	96.25
		Percent Collected Group weighted average	97.20	96.72	96.76	96.72	96.85	96.72
		Percent Collected Statewide	97.78	97.64	97.59	97.55	97.42	97.31
		Percent Collected Excluding Motor Vehicles	96.16	93.51	93.88	98.43	98.07	97.60
		Percent Collected Excluding Motor Vehicles Group weighted average	97.55	98.08	98.00	98.08	97.96	98.15
		Percent Collected Excluding Motor Vehicles Statewide weighted average	98.31	98.65	98.59	98.61	98.36	98.39
		Percent Collected Motor Vehicles Only	81.83	83.65	84.04	84.62	82.39	82.10
		Percent Collected Motor Vehicles Only Group weighted average	85.15	85.75	86.04	86.22	85.87	85.65
		Percent Collected Motor Vehicles Only Statewide weighted average	86.66	86.74	86.71	86.80	87.31	87.46
		Tax Uncollected	28,205	144,604	132,904	51,163	54,170	56,947
		Tax Rate Equivalent	0.0067	0.0332	0.0315	0.0126	0.0141	0.0153
		Dominant County: Chatham
	Debt Information
		Population Group	5,000 to 9,999	5,000 to 9,999	5,000 to 9,999	5,000 to 9,999	5,000 to 9,999	5,000 to 9,999
		Ratings:
		Fitch
		Moody's					Baa1	Baa1
		S & P					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	0	0	40,000	80,000
		General Government GO Debt	0	0	0	0	0	0
		Total General Obligation Debt	0	0	0	0	40,000	80,000
		Per Capita	$0	0	0	0	5	11
		Total Per Capita for the Population Group	69	71	93	117	131	171
		Total Per Capita Statewide	455	456	478	495	505	548
		Total per Assessed Valuation Adjusted for Current Year Sales	0.0000%	0.0000%	0.0000%	0.0000%	0.0094%	0.0202%
		Total per Assessed Valuation Adjusted for Current Year Sales- Group Average	0.0531%	0.0577%	0.0861%	0.1199%	0.1450%	0.2078%
		Total per Assessed Valuation Adjusted for Current Year Sales - Statewide	0.3909%	0.4131%	0.4706%	0.5275%	0.5588%	0.6442%
		Total Authorized but not Issued General Obligation Debt

		Installment Sales Purchases and Lease Obligations
		--Enterprise	$15,466,042	16,000,000	8,000,000	0	0	0
		--General Government	533,333	600,000	666,667	733,333	800,000	866,667
		Total*	$15,999,375	16,600,000	8,666,667	733,333	800,000	866,667
		* The total only includes the contracts that require Local Government Commission approval.
		Revenue Bond Debt	$2,253,328	2,688,833	3,124,338	3,559,843	3,995,348	4,430,852


Annual Financial Information Report Detail Go to top of page
Line	Section	Description	2009	2008	2007	2006	2005	2004
	Population at July 1st of the Previous Year Adjusted for Boundry Changes		8,522	8,372	8,209	7,937	7,773	7,519

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	10,172,556	10,362,452	10,022,961	8,757,736	8,612,537	8,160,741
1.5B	FISCAL	Governmental Activities Liabilities	1,467,622	1,801,120	2,026,089	1,457,733	1,626,950	1,692,199
3.5A	SUMMARY	Business Type Activities Assets	37,735,695	38,757,714	27,118,800	19,400,149	17,391,896	18,077,472
3.5B		Business Type Activities Liabilties	19,142,808	21,321,756	11,647,338	4,160,049	4,516,244	4,953,427
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	1,794,025	1,834,886	1,779,890	1,741,778	1,612,832	1,463,440
11	TAX	Current collection of special tax districts
12	REVENUES	Prior years' levy collections	61,312	122,999	66,034	43,015	55,623	46,716
13		Penalties and interest	15,713	20,391	23,673	14,448	14,781	10,636
14		Collection of taxes previously written off
15		Animal tax
15.1		Solid Waste Disposal Tax	3,896
16		1% Local government sales and use tax	612,685	571,388	542,816	480,422	470,269	405,762
17		1/2% Local government sales and use taxes (Article 40)	408,758	441,999	427,980	373,878	319,138	297,859
18		1/2% Local government sales and use taxes (Article 42)	405,959	439,253	425,392	371,980	317,493	295,918
18.5		1/2% Local government sales and use taxes (Article 44)	169,377	324,922	312,136	278,396	248,046	221,083
19		Licenses Privilege						15,483
19.1		Privilege - Occupational & business licensing & permit taxes	16,113	16,570	16,160	16,088	15,630
19.2		Privilege -- All other privileges and pemits
20		General Municipal Vehicle Tax	27,053	29,233	29,444	28,794	27,425	26,942
21		Vehicle Tax for Public Transportation
22		Other licenses - Include CATV	46,165	42,795	35,814	35,827	35,723	35,352
23		Local occupancy tax
24		Prepared food tax
25		911 charges
26		Gross Receipts Tax on Short Term Vehicles Leases	3,990	5,209	6,696	5,628	1,487	935
27	FEDERAL	FEDERAL Payment in lieu of taxes
28	INTERGOV	Equitable sharing of Federally forfeited property
29	REVENUES	General government
30		Public safety	54,301
31		Transportation - Streets						4,219
32		Transportation - All other
33		Utility franchise tax
34		Housing/community development
35		All Other
36		Human services: Health, mental health, hospitals
37		All other
38		Culture and recreation	42,181
39	STATE	State Payment in Lieu of Taxes
40	INTERGOV	Controlled substance tax	5,845	6,375	9,618	11,701	8,236	9,009
41	REVENUES	Intangibles tax reimbursement + Transistional Hold Harmless Revenues
42		Wireless Enhanced 911 Service Charges
43		Piped Natural Gas Charge Distribution	32,378	34,623	46,193	50,793	57,856	59,418
44		Utility franchise tax	351,207	350,838	347,356	354,219	344,598	341,581
45		Beer and Wine tax	37,598	37,814	35,865	34,333	33,281	31,811
46		Powell Bill	243,817	269,698	235,573	236,856	232,580	205,931
47		Food stamp purchases tax reimbursement
48		Inventories tax reimbursements
49		Senior Citizens Exemption - 50%
50		Court fees - Facilities and arrest fees	82,395	64,528	43,712	44,792	54,581	45,339
51		General Government
52		Public safety	1,041	158,250	165,356	11,843
53		Transportation - Streets
54		Transportation - All other	150,000	31,138	161,700	28,649	23,130
55		Environmental protection	714,767	1,800,000
56		Econ. & Phys. Dev. - Housing/Comm. Dev.			40,460	597,040
57		Econ. & Phys. Dev. - All Other
58		Human Services: Health, mental health, hospitals
59		All Other
60		Culture and recreation		287,304
61	LOCAL	LOCAL Payment in lieu of taxes
62	INTERGOV	General government	15,966	14,895	15,895	15,422
63	REVENUES	Public safety	239,482	191,916	175,256	194,348	170,458	170,804
64		Transportatin - Streets
65		Transportation - All other
66		Environmental protection
67		Economic and physical development				66,000
68		Human Services: Health, Mental Health & Hosp
69		Human Services: All Other
70		Culture and recreation	24,627	23,811	25,319	22,497	22,497	22,497
71	PERMITS	Building permits	47,421	70,834	230,774	82,340	85,573	90,215
72	& FEES	Inspection fees	12,514	22,363	61,005	26,414	23,744	12,400
72.1		Amusements licensing and permit taxes
73		Other permits		1,350	1,560	300	600	600
74	SALES &	Parking revenues
75	SERVICES	Rents and royalties	36,372	35,601	34,703	28,235	26,735	25,798
76		Airport	142	154	1,325	2,860	2,232	2,534
77		Fire protection charges
78		Solid waste	182,992	180,002	179,290	178,336	174,898	175,104
79		Ambulance and rescue squad charges
80		Cemeteries	1,500	5,000	2,000	1,500		4,500
81		Recreation service revenues	23,673	27,902	21,650	19,777	20,778	26,528
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	4,863,106	4,943,738	4,384,538	4,565,418	3,858,508	3,846,756
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	226,338	518,259	345,033	234,009	126,130	84,329
91		Special assessments
92		Private contribution and donations	14,901	2,000	15,192	4,610		5,579
93		Sales of materials and fixed assets	2,710					12,292
94		Sales of real property
95		Nongovernment contributions for streets and traffic signals
96		Mixed drink surcharge
97		ABC profit distribution	35,010	32,153	36,564	34,069	12,407	4,270
98		Other miscellaneous revenues	5,245	10,554	5,532	11,275	30,040	13,344
99		Proceeds of the sale of bonds and notes
100		Proceeds of capital leases and installment purchases		8,049,447	8,000,000		84,006
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	8	14,101	12,627	23,084	20,946	24,023
106		Deposits other than utility
107		Prepaid taxes	8,898	7,039	13,184	7,522	18,881	7,479
108		Prepaid privilege licenses	9,015	9,697	8,991	10,690	8,497	14,449
109A	PART 4	Governing body - Salaries	40,560	40,560	39,573	38,419	37,300	33,300
109B	GENERAL	Governing body - All other Direct	19,944	20,988	21,025	17,780	16,452	16,453
109C	GOVT	Governing body - Construction
109D		Governing body - Land, Equipment and Existing Structures
110A		Administration - Salaries	141,916	142,121	134,913	127,884	119,584	114,269
110B		Administration - All other Direct	51,835	50,186	51,579	46,349	43,774	45,625
110C		Administration - Construction
110D		Administration - Land, Equipment and Existing Structures	925		3,213
111A		Elections (cost of) - Salaries
111B		Elections (cost of) - All other Direct		2,397				1,297
111C		Elections (cost of) - Construction
111D		Elections (cost of) - Land, Equipment and Existing Structures
112A		Finance - Salaries	135,760	135,016	130,505	122,765	116,812	111,980
112B		Finance - All other Direct	128,795	120,715	114,270	110,716	103,412	103,241
112C		Finance - Construction
112D		Finance - Land, Equipment. and Existing Structures					3,705	4,807
113A		Taxes - Salaries
113B		Taxes - All other Direct
113C		Taxes - Construction
113D		Taxes - Land, Equipment, and Existing Structures
114A		Legal - Salaries			116,656	56,996
114B		Legal - All other Direct	68,346	60,601			38,950	32,658
114C		Legal - Construction
114D		Legal - Land, Equipment, and Existing Structures
115A		Public Buildings - Salaries	20,047	31,032	29,852	28,314	26,831	25,853
115B		Public Buildings - All other Direct	114,126	110,505	93,354	104,147	86,667	78,458
115C		Public Buildings - Construction
115D		Public Buildings - Land, Equipment, and Existing Structures	8,915	2,000	34,783	24,445	50,585
116A		Court Facilities - Salaries						26,744
116B		Court Facilities - All other Direct	13,988	16,425	15,516	14,910	12,000	10,653
116C		Court Facilities - Construction
116D		Court Facilities - Land, Equipment, and Existing Structures
117A		Central Facilites - Salaries	28,989	31,861	27,210	28,347	25,283
117B		Central Facilities - All other Direct	38,882	47,403	49,473	44,811	42,427	41,069
117C		Central Facilites - Construction
117D		Central Facilites - Land, Equipment, and Existing Structures		3,490		5,833
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	1,049,979	1,040,213	980,499	860,662	813,017	800,425
119B	SAFETY	Police and Communications - All other Direct	594,773	595,253	521,706	476,710	453,802	451,467
119C		Police and Communications - Construction
119D		Police and Communications - Land, Equipment and Existing Structures	24,915	65,132	185,623	15,310	20,644	100,181
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	91,360	101,138	68,131	38,865	29,022	8,000
122B		Fire - All other Direct	115,080	128,395	166,937	173,730	152,887	144,786
122C		Fire - Construction
122D		Fire - Land, Equipment, and Existing Structures	39,820	37,919	482,526	43,901	36,518	22,125
123A		Inspectors - Salaries	95,443	98,131	93,155	88,007	83,350	80,303
123B		Inspectors - All other Direct	42,580	44,943	41,766	43,937	36,324	41,029
123C		Inspectors - Construction
123D		Inspectors - Land, Equipment, and Existing Structures		2,498	1,562	494	669	2,020
124A		Rescue Units - Salaries
124B		Rescue Units - All other Direct		12,500	12,500	12,500	12,500	12,500
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			150	150	150	150
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						6,600
127C		Traffic Engineering - Construction
127D		Traffic Engineering - Land, Equipment, and Existing Structures
128A		Streets and Highways - Salaries	300,786	333,357	303,654	296,406	280,412	267,859
128B		Streets and Highways - All other Direct	293,933	307,395	264,978	305,335	222,886	193,465
128C		Streets and Highways - Construction
128D		Streets and Highways - Land, Equipment and Existing Structures	2,694	69,857			89,831
129A		Street Cleaning - Salaries
129B		Street Cleaning - All other Direct
129C		Street Cleaning - Construction
129D		Street Cleaning - Land, Equipment, and Existing Structures
130A		State Street Aid Allocation - Powell Bill - Salries
130B		State Street Aid Allocation - Powell Bill - All other Direct	179,432	278,387	289,291	200,755	240,570	250,159
130C		State Street Aid Allocation - Powell Bill - Construction
130D		State Street Aid Allocation - Powell Bill - Land, Equipment, and Existing Structures					15,992
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	84,275	67,199	75,582	72,977	68,382	71,457
134C		Airport - Construction		35,597	169,223	50,542
134D		Airport - Land, Equipment, and Existing Structures	128,717			10,000	9,100
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	542,800	524,875	499,346	480,752	454,158	441,205
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	90,087	89,588	85,101	81,107	77,516	74,657
140B	& PHYSICAL	Planning and Zoning - All other Direct	40,979	41,233	39,761	34,699	32,102	34,539
140C	DEVELOP	Planning and Zoning - Construction
140D		Planning and Zoning - Land, Equipment, and Existing Structures		1,525			5,664
141A		Economic Development - Salaries
141B		Economic Development - All other Direct			2,500	2,500	25,000	30,100
141C		Economic Development - Construction			55,619
141D		Economic Development - Land, Equipment, and Existing Structures
142A		Community Development - Salaries
142B		Community Development - All other Direct				25,000	29,000
142C		Community Development - Construction
142D		Community Development - Land, Equipment, and Existing Structures				717,161
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	20,000	20,000
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		34,650	30,500	17,500	16,000	23,500
152C		Human Services - All Other - Construction
152D		Human Services - All Other - Land, Equipment, and Existing Structures
153A	CULTURE	Recreation and Parks - Salaries	133,475	117,378	102,348	101,682	99,403	105,585
153B	RECREATION	Recreation and Parks - All other Direct	235,633	247,495	216,923	204,457	195,830	245,640
153C		Recreation and Parks - Construction
153D		Recreation and Parks - Land, Equipment, and Existing Structures	7,094	41,406	143,203	1,396	6,003	19,443
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	17,044	19,865	14,800	15,604	15,986	15,683
156C		Libraries - Construction
156D		Libraries - Land, Equipment, and Existing Structures			13,845			815
157A		Culture and Recreation - All Other - Salaries
157B		Human Services - All Other - All other Direct		27,948	21,000	18,840	2,500	1,060
157C		Human Services - All Other - Construction	43,181	302,515
157D		Human Services - All Other - Land, Equipment, and Existing Structures
158A	UTILITY	Water and Sewer - Salaries	882,913	1,015,805	958,816	885,265	866,837	836,395
158B		Water and Sewer - All other Direct	2,600,587	3,200,916	2,601,298	2,140,768	2,234,034	2,153,426
158C		Water and Sewer - Construction	5,818,105	10,853,471	738,756
158D		Water and Sewer - Land, Equipment, and Existing Structures	449,377	15,479	107,784	383,252	271,074	440,124
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	372,846	459,537	134,039	153,224	172,526	191,338
161D	SERVICE	Water and Sewer - Debt Service Principal Payments	755,994	715,291	464,374	475,505	475,505	470,505
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	52,504	60,361	46,424	52,717	55,904	73,567
166D		All Other - Debt Service Principal Payments	258,079	353,522	337,304	272,783	247,720	195,490
167B	PENSION	Direct Benefit Program - Pension Fund operated by the Unit
168B	FRINGE	Fringe Benefits Unallocated - (B)
169B		Separation Allowance - Law Enforcement Officers -(B)			11,469	11,469	11,469	11,469
170B		Separation Allowance - Other Employees - (B)
171B		Supplemental Retirement Income Plan for Law Enforcement Officers - (B)	42,545	42,008	39,131	34,342	32,651	33,253
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	1,734,054	1,815,666	1,751,008	1,625,811	1,526,344	1,388,646
180	OTHER	Current Year Levy Motor Vehicles Only	154,663	163,825	161,786	167,130	140,658	131,744
181	DATA	Uncollected Taxes - Current Year's Levy - Excluding Motor Vehicles	66,582	117,825	107,080	25,454	29,402	33,359
182		Uncollected Taxes - Current Year's Levy - Motor Vehicles	28,110	26,779	25,824	25,709	24,768	23,588
183		Percentage of Taxes Collected - Current Year All Property	94.99	92.69	93.05	97.15	96.75	96.25
184		Percentage of Taxes Collected - Current Year - Excluding Motor Vehicles	96.16	93.51	93.88	98.43	98.07	97.60
185		Percentage of Taxes Collected - Current Year - Motor Vehicles	81.83	83.65	84.04	84.62	82.39	82.10
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	5,630,058	15,057,075	14,002,288	6,249,814	5,656,176	5,752,697
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	11,058,575	21,231,859	19,040,064	10,445,253	9,030,415	8,391,315
194B	FISCAL	Amounts - Subtract proceeds of refunding debt
194C	SUMMARY	Amounts - Subtract interfund transfers in	46,000	211,667	752,560	197,363	519,100	376,331
194D		Amounts - Net Revenues per AFIR	11,012,575	21,020,192	18,287,504	10,247,890	8,511,315	8,014,984
		Calculated amount	11,012,575	21,020,192	18,287,504	10,247,890	8,511,315	8,014,984
		Amounts in AGREEMENT??	Yes	Yes	Yes	Yes	Yes	Yes
		Difference
195A		Amounts - Total Expenditures and other financing sources per audit	16,266,058	22,429,749	11,936,106	9,769,383	9,135,820	8,873,058
195B		Amounts - Subtract payments to refunding debt escrow agent
195C		Amounts - Subtract interfund transfers out	46,000	211,667	752,560	197,363	519,100	376,331
195D		Amounts Net Expenditures per AFIR	16,220,058	22,218,082	11,183,546	9,572,020	8,616,720	8,496,727
		Calculated amount	16,220,058	22,218,082	11,183,546	9,572,020	8,616,720	8,496,727
		Amounts in AGREEMENT??	Yes	Yes	Yes	Yes	Yes	Yes
		Difference

	PART 10

950		Name of Official Signatory	Wanda G. Ingold
951		Title of Official	Finance Director
952		Date Certified	12/17/2009	12/11/2008	01/24/2008
953		Person to Contact	Wanda G. Ingold
954		Title of Person to Contact	Finance Director
955		Telephone Number	919-742-4733
956		Facsimile Number	919-663-3874

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

	2009	2008	2007	2006	2005	2004

Population	8,522	8,372	8,209	7,937	7,773	7,519
Population Group	No Electric 2,500 to 9,999	No Electric 2,500 to 9,999	No Electric 2,500 to 9,999	No Electric 2,500 to 9,999	No Electric 2,500 to 9,999	No Electric 2,500 to 9,999
Total Operating Revenues	$0	0	0	0	0	0
Total Operating Revenues Per Capita	$0	0	0	0	0	0
Group Weighted Average Revenues Per Capita	0	27	0	14	6	9
State Weighted Average Revenues Per Capita	2	20	12	15	16	3

% to Total Operating Revenues
Operating Expenses	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Group Weighted Average	#DIV/0!	71.48%	#DIV/0!	135.40%	131.80%	154.69%
State Weighted Average	287.00%	89.94%	84.21%	104.54%	119.75%	338.51%

Operating Margin	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Group Weighted Average	#DIV/0!	28.52%	#DIV/0!	-35.40%	-31.80%	-54.69%
State Weighted Average	-187.00%	10.06%	15.79%	-4.54%	-19.75%	-238.51%

Operating Transfers In/(out)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Group Weighted Average	#DIV/0!	4.51%	#DIV/0!	-2.87%	-57.18%	24.81%
State Weighted Average	0.00%	-0.70%	-0.66%	-1.84%	-2.09%	5.70%

Net Income before capital contributions	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Group Weighted Average	#DIV/0!	296.26%	#DIV/0!	577.57%	1261.79%	829.88%
State Weighted Average	968.20%	480.53%	1193.75%	778.98%	531.01%	2097.68%

Key Ratios and Cash Flow

Quick Ratio	1.47	3.04	14.29	4.42	4.15	4.44
Group Weighted Average	3.20	3.12	3.26	3.67	3.54	4.02
State Weighted Average	2.81	2.96	2.90	2.82	1.82	2.76

Days Sales in Receivables	N/A	N/A	N/A	N/A	N/A	N/A
Group Weighted Average	#DIV/0!	54.1	#DIV/0!	60.6	119.9	110.9
State Weighted Average	47.3	60.7	42.6	87.6	97.7	61.5

Days Cash on Hand	0.0	-4,986.2	0.0	0.0	0.0	0.0
Group Weighted Average	-5.2	-334.0	-25.4	-158.6	-68.6	-170.4
State Weighted Average	-46.5	-344.5	-221.9	-343.5	-346.7	-208.8

Cash flow from Operations	$1,266,923	701,347	809,714	1,400,713	802,864	729,075

Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.00
Group Weighted Average	0.49	0.49	#DIV/0!	0.96	0.56	1.19
State Weighted Average	27.79	3.77	5.74	3.82	2.36	3.93

Debt per Capita	0	0	0	0	0	0
Group Weighted Average	31	86	84	165	92	107
State Weighted Average	754	535	335	660	675	266

Capital Expenditures:	2009	2008	2007	2006	2005	2004
	$6,267,482	10,868,950	846,540	383,252	271,074	440,124

	2003	2002	2001	2000
	$850,571	676,397	339,636	79,694

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


Operating Statistics

Estimated population of the areas served Water	0	0	8,400	NA	NA	NA
Estimated population of the areas served Sewer	0	0	8,400	NA	NA	NA

Number of Gallons of Water Processed (000) omitted	816	954,715	963,167	NA	NA	NA
Number of Gallons of Sewage Processed (000) omitted	825	823,239	934,931	NA	NA	NA

Number of Gallons of Water Billed (000) omitted	564	728,598	855,044	NA	NA	NA
Number of Gallons of Sewage Billed (000) omitted	418	579,117	682,364	NA	NA	NA

Ratio of Water Billed to Water Processed	0.69166	0.76316	0.88774	NA	NA	NA
Ratio of Sewage Billed to Sewage Processed	0.50594	0.70346	0.72985	NA	NA	NA

Total Revenue from Water Sales	2,999,266	2,978,844	2,369,869	NA	NA	NA
Total Revenue from Sewage Sales	1,412,063	1,821,125	1,904,264	NA	NA	NA

Water Revenue per 1000 gallons of Sales			282.12726	NA	NA	NA
Sewage Revenue per 1000 gallons of Sales			226.69810	NA	NA	NA

Group Average Sales per thousand Gallons Water	$40.43905	$1,510.62899	$1,842.80047	NA	NA	NA
Group Average Sales per thousand Gallons Sewage	$34.24740	$1,202.09823	$1,724.69791	NA	NA	NA

State Average Sales per thousand Gallons Water	$28.47236	$12,972.02948	$5,350.70834	NA	NA	NA
State Average Sales per thousand Gallons Sewage	$41.46915	$10,319.10819	$3,921.08643	NA	NA	NA

Residential Water Sales per thousand Gallons	$7,084.45605	5.28516	3.09742	NA	NA	NA
Residential Sewage Sales per thousand Gallons	$4,231.35263	3.85569	2.45550	NA	NA	NA

Water Sales per thousand Gallons outside Municipal Limits			30.62947	NA	NA	NA
Sewage Sales per thousand Gallons outside Municipal Limits			6.07985	NA	NA	NA

Total Water Sales per thousand gallons for Redistribution	$0.00000	0.00000	398,363.00000	NA	NA	NA
Total Sewage Sales per thousand gallons for Redistribution	$0.00000	0.00000	0.00000	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

	2005	2006	2007	2008	2009
Unit's FBA %	37.54%	42.71%	40.48%	41.10%	44.47%
Group average FBA %	62.21%	62.32%	64.31%	65.07%	70.08%
State average Electric/Non Electric Group FBA %	36.82%	37.38%	37.38%	36.63%	37.77%
State average FBA %	36.78%	36.96%	62.21%	36.34%	37.00%

Municipal Population Group: No Electric 2,500 to 9,999

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2005 2006 2007 2008 2009

Municipality 96.75% 97.15% 93.05% 92.69% 94.99%

Pop. Group 96.85% 96.72% 96.76% 96.72% 97.20%

Statewide 97.42% 97.55% 97.59% 97.64% 97.78%

Municipal Population Group: No Electric 2,500 to 9,999

	2005	2006	2007	2008	2009
Municipality	96.75%	97.15%	93.05%	92.69%	94.99%
Pop. Group	96.85%	96.72%	96.76%	96.72%	97.20%
Statewide	97.42%	97.55%	97.59%	97.64%	97.78%

Municipal Population Group: No Electric 2,500 to 9,999

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2005 2006 2007 2008 2009

Municipality 5 0 0 0 0

Pop. Group 131 117 93 71 69

Statewide 505 495 478 456 455

Municipal Population Group: 5,000 to 9,999

	2005	2006	2007	2008	2009
Municipality	5	0	0	0	0
Pop. Group	131	117	93	71	69
Statewide	505	495	478	456	455

Municipal Population Group: 5,000 to 9,999

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2005 2006 2007 2008 2009

Property Tax $217 227 228 236 220

Utility 496 575 534 591 571

Sales Tax 174 190 208 212 187

Sales & Services 29 29 29 30 29

Intergovernmental 122 210 159 391 234

Debt Proceeds 11 0 975 961 0

Other Miscellaneous 46 60 95 90 51

Total $1,095 1,291 2,228 2,511 1,292

	2005	2006	2007	2008	2009
Property Tax	$217	227	228	236	220
Utility	496	575	534	591	571
Sales Tax	174	190	208	212	187
Sales & Services	29	29	29	30	29
Intergovernmental	122	210	159	391	234
Debt Proceeds	11	0	975	961	0
Other Miscellaneous	46	60	95	90	51
Total	$1,095	1,291	2,228	2,511	1,292

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2009
2009

Category Revenue
Per Capita

Property Tax $1,871,050
$220

Water/Sewer 4,863,106
571

Electric 0
0

Other Utilities 0
0

Sales Tax 1,596,779
187

Sales & Services 244,679
29

Intergovernment 1,995,605
234

Debt Proceeds 0
0

Miscellaneous 437,460
51

Total $11,008,679
$1,292

Municipal Population Group: No Electric 2,500 to 9,999

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2009
2009

Category Expenditures
Per Capita

General Government $813,028
$95

Water/Sewer 9,750,982
1,144

Electric 0
0

Other Utilities 0
0

Debt Service 1,439,423
169

Transportation 989,837
116

Public Safety 2,096,495
246

Other 1,130,293
133

Total $16,220,058
$1,903

Municipal Population Group: No Electric 2,500 to 9,999

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2009
2009

Category Expenditures
Per Capita

Salaries & Wages $3,011,315
$353

Water/Sewer Capital 6,267,482
735

Electric Capital 0
0

Other Capital 256,261
30

Other Operating 6,685,000
784

Total $16,220,058
$1,903

Municipal Population Group: No Electric 2,500 to 9,999

Last Updated 6/11/2010 10:27:09 AM



	2009	2009
Category	Revenue	Per Capita
Property Tax	$1,871,050	$220
Water/Sewer	4,863,106	571
Electric	0	0
Other Utilities	0	0
Sales Tax	1,596,779	187
Sales & Services	244,679	29
Intergovernment	1,995,605	234
Debt Proceeds	0	0
Miscellaneous	437,460	51
Total	$11,008,679	$1,292

Municipal Population Group: No Electric 2,500 to 9,999

North CarolinaDepartment of State TreasurerFinancial InformationTown of Siler City

Financial Graphs and Comparisons

North Carolina
Department of State Treasurer
Financial Information
Town of Siler City