North Carolina
Department of State Treasurer
Financial Information
City of Asheboro



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
Go to Randolph County Map Page



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$11,923,685 $11,770,534 $11,531,005 $11,190,147 $10,125,704 $9,977,077


Utility 12,530,048 10,976,737 10,530,348 11,370,356 10,035,361 9,158,914


Sales Tax 2,926,393 2,934,243 3,538,343 4,232,034 4,122,316 3,812,464


Sales & Services 1,929,813 1,430,572 1,532,697 1,577,365 1,388,838 1,255,606


Intergovernmental 4,518,656 4,187,412 4,740,004 3,757,757 3,066,024 2,622,869


Debt Proceeds 822,835 - 163,994 - - 682,180


Other Miscellaneous 1,174,132 1,211,727 1,374,283 1,902,613 2,266,227 3,930,717


Total$35,825,562 32,511,225 33,410,674 34,030,272 31,004,470 31,439,827










Expenditures by Function







Utility$9,167,102 9,618,724 9,745,101 8,316,507 6,562,071 6,579,910


Debt Service 2,307,091 2,770,731 2,231,941 2,293,546 2,388,874 2,727,215


Transportation 3,308,450 2,981,861 3,681,897 3,375,418 2,864,638 2,432,969


General Government 2,662,792 2,399,611 2,360,851 2,326,015 2,236,969 2,248,728


Public Safety 10,288,725 9,676,631 9,415,863 9,152,688 8,376,645 8,586,418


Other 7,319,315 6,604,934 6,318,970 7,009,788 6,139,613 5,427,170


Total$35,053,475 34,052,492 33,754,623 32,473,962 28,568,810 28,002,410










Expenditures by Object







Salaries & Wages$19,191,912 18,409,633 17,386,760 16,018,054 14,885,433 14,471,348


Capital Outlay 1,587,035 1,686,662 3,289,956 3,082,969 1,608,971 1,891,001


Other Operating + Debt Service 14,274,528 13,956,197 13,077,907 13,372,939 12,074,406 11,640,061


Total$35,053,475 34,052,492 33,754,623 32,473,962 28,568,810 28,002,410



















Per Capita Revenues by Source







Property Tax$472 465 464 467 427 430


Utility 496 434 424 475 423 394


Sales Tax 116 116 143 177 173 165


Sales & Services 76 56 62 66 59 54


Intergovernmental 179 165 191 157 129 113


Debt Proceeds 33 - 7 - - 29


Other Miscellaneous 46 48 55 79 96 169


Total$1,418 1,284 1,346 1,421 1,307 1,354










Per Capita Expenditures by Function







Utility$363 380 393 347 277 283


Debt Service 91 109 90 96 101 117


Transportation 131 118 148 141 121 105


General Government 106 95 95 97 93 97


Public Safety 407 382 379 382 353 370


Other 290 261 255 293 259 234


Total$1,388 1,345 1,360 1,356 1,204 1,206










Per Capita Expenditures by Object







Salaries & Wages$760 727 700 669 627 623


Capital Outlay 63 67 133 129 68 81


Other Operating 565 551 527 558 509 502


Total$1,388 1,345 1,360 1,356 1,204 1,206










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 43 42 41 38 34 32


Average Population In Group 19,559 19,501 19,477 20,391 20,926 20,968


City of Asheboro Population 25,262 25,321 24,827 23,940 23,729 23,219

Group Average Per Capita Revenues by Source







Property Tax 423 427408403387370


Utility 311 297280312308307


Sales Tax 122 122134158158150


Sales & Services 67 6765726462


Intergovernmental 171 153150154143153


Debt Proceeds 157 9718024815673


Other Miscellaneous 120 8499126151122


Total 1,371 1,2471,3161,4731,3671,237










Group Average Per Capita Expenditures by Function







Utility 281 257292270291263


Debt Service 158 141140137126136


Transportation 114 118145128125129


General Government 138 150144229139144


Public Safety 331 336325327320313


Other 266 235235253261229


Total 1,288 1,2371,2811,3441,2621,214










Group Average Per Capita Expenditures by Object







Salaries & Wages 453 459448455445434


Capital Outlay 209 186261292247214


Other Operating 624 591571596569565


Total 1,286 1,2361,2801,3431,2611,213


















General Fund
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201120102009200820072006

General Fund revenues$21,895,580 21,278,766 21,369,850 21,568,281 19,620,405 18,865,116

General Fund expenditures 23,040,085 21,420,737 20,458,573 21,168,510 19,133,618 18,660,250

Operating transfers in 31,994 2,348 165,616 406,830 1,800,000 -

Operating transfers out 510,175 776,053 1,290,591 785,509 164,467 191,806

Capital leases and installment purchase proceeds 822,835 - - - - 693,017

Other items - 28,389 - 28,666 4,515 35,570

Excess of revenues and other sources over (under) expenditures and other uses (799,851) (887,287) (213,698) 49,758 2,126,835 741,647










Fund balance available (FBA):







In dollars$5,695,556 6,519,862 8,125,991 7,604,555 6,287,576 5,382,922


FBA as a % of GF Net Expenditures:







Unit's FBA %25.0629.3737.3634.6432.5829.64


Group weighted average FBA %49.7744.2741.0843.4040.4338.05


State weighted average Non-Electric Group41.0738.7037.8936.6637.3937.38


State weighted average FBA %39.5337.4737.0336.3436.5436.96

















Enterprise Funds:
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Water/Sewer













Combined financial results:







Working capital$10,014,295 9,191,939 9,784,350 9,455,308 9,177,247 8,673,212


Quick ratio4.53 4.03 4.74 3.81 2.98 3.95


Net income3,061,486 1,048,544 2,065,752 1,811,479 560,629 2,772,782


Cashflow from operations3,359,910 2,846,888 3,143,563 3,890,981 3,677,576 2,541,011


Depreciation & Amortization Expense1,597,843 1,559,168 1,517,887 1,446,701 1,340,188 1,286,376


























Cash, Investments and Financing
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201120102009200820072006











Population at July 1st of the Previous Year25,26225,32124,82723,94023,72923,219


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$15,697,657 $17,654,249 $19,237,902 $19,497,057 $29,711,276 $17,063,605


Investment Earnings67,550 122,753 387,646 867,639 1,007,829 720,074


Tax Rate Equivalent0.00310.00570.01860.04210.05430.0393


Tax Rate Equivalent Group weighted average0.00650.00940.02620.03930.05230.0385


Tax Rate Equivalent Statewide weighted average0.03170.02470.01330.05240.09200.0573


Latest year of Revaluation 200720072007200720012001


January 1, Prior Year Assessed Valuation$2,178,506,401 2,172,166,963 2,081,585,250 2,061,985,336 1,855,649,116 1,831,328,375


Tax Rate0.55000.55000.55000.55000.55000.5500


Tax Rate Group weighted average0.41990.42560.43350.45640.47540.4663


Tax Rate State Wide0.41220.40900.42620.42380.44500.4321


Assessment -to-Sales Ratio97.4898.1992.4396.7686.1888.20


Assessment -to-Sales Ratio Group weighted average101.5498.4792.4489.9990.6393.35


Assessment -to-Sales Ratio Statewide101.4798.2790.8188.5388.4192.28


Assessed Valuation Adjusted for Assesment to Sales Ratio$2,234,823,965 2,212,207,926 2,252,066,699 2,131,030,732 2,153,224,781 2,076,336,026


EffectiveTax Rate0.53610.54000.50840.53220.47400.4851


Group weighted average Effective Tax Rate0.42630.41910.40070.41070.43090.4353


Statewide weighted average Effective Tax Rate0.41830.40200.38700.37520.39340.3987


Percent Collected97.180097.180097.690098.380098.430098.4300


Percent Collected Group weighted average96.9596.9596.9997.3997.2397.48


Percent Collected Statewide97.4297.3597.3497.5697.5897.55


Percent Collected Excluding Motor Vehicles97.9797.9798.5299.4499.5599.65


Percent Collected Excluding Motor Vehicles Group weighted average97.8097.6697.8398.3498.3098.54


Percent Collected Excluding Motor Vehicles Statewide weighted average98.2598.2398.3098.6598.5998.61


Percent Collected Motor Vehicles Only 85.8586.1486.9685.6285.7485.16


Percent Collected Motor Vehicles Only Group weighted average86.5087.4486.5187.0986.1587.32


Percent Collected Motor Vehicles Only Statewide weighted average 86.4186.3886.5586.7486.7186.80


Tax Uncollected1,003,386 1,013,790 999,618 928,966 872,811 880,289


Tax Rate Equivalent0.04610.04670.04800.04510.04700.0481


Dominant County: Randolph






Debt Information








Population Group25,000 to 49,99925,000 to 49,99910,000 to 24,99910,000 to 24,99910,000 to 24,99910,000 to 24,999


Ratings:







Fitch







Moody'sAa3Aa3A2A2A2A2


S & PA+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$2,602,997 3,513,823 4,442,508 5,393,517 6,353,456 7,331,254


General Government GO Debt312,003 421,177 532,492 646,483 761,544 878,746


Total General Obligation Debt2,915,000 3,935,000 4,975,000 6,040,000 7,115,000 8,210,000


Per Capita$115 155 200 252 300 354


Total Per Capita for the Population Group232 220 130 153 166 163


Total Per Capita Statewide450 449 455 456 478 495


Total per Assessed Valuation Adjusted for Current Year Sales0.1304%0.1779%0.2209%0.2834%0.3304%0.3954%


Total per Assessed Valuation Adjusted for Current Year Sales- Group Average0.2405%0.2139%0.1320%0.1585%0.1868%0.1912%


Total per Assessed Valuation Adjusted for Current Year Sales - Statewide0.4280%0.4134%0.3909%0.4132%0.4706%0.5275%


Total Authorized but not Issued General Obligation Debt
















Installment Sales Purchases and Lease Obligations







--Enterprise$349,415 411,858 470,895 526,713 579,405 629,305


--General Government0 71,367 208,596 338,792 462,264 600,644


Total*$349,415 483,224 679,491 865,505 1,041,668 1,229,949


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




Revenue Bond Debt $7,712,631 8,335,143 8,957,656 9,330,805 9,703,954 5,089,837


















Annual Financial Information Report Detail
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LineSectionDescription201120102009200820072006

Population at July 1st of the Previous Year Adjusted for Boundry Changes25,26225,32124,82723,94023,72923,219









1.5AFISCAL Governmental Activities Assets36,937,28937,461,14937,898,27040,303,51813,954,99812,955,409
1.5BSUMMARYGovernmental Activities Liabilities5,782,7034,876,3694,493,4215,218,7502,236,9533,401,850
3.5A
Business Type Activities Assets60,655,29058,965,55959,437,67458,699,22611,420,60456,616,904
3.5B
Business Type Activities Liabilties11,565,94212,937,69714,458,35615,785,66014,991,69416,075,451
6.5A
Fiduciary Funds Assets





6.5B
Fiduciary Funds Liabilties





10.0PART 2Current Collections of Unit -Wide Levy11,571,82911,488,13811,316,66811,002,6289,957,4179,792,285
11.0TAXCurrent Collections of Special Tax Districts





12.0REVENUESPrior Years' Levy Collections269,173194,374169,917142,618130,453144,647
13.0
Penalties and Interest82,68388,02244,42044,90137,83440,145
14.0
Collections of Taxes Previously Written Off





15.0
Animal Tax7256355606256751,000
15.1
Solid Waste Disposal Tax17,28817,12111,142


16.0
1% Local Government Option Sales Tax1,286,3261,228,7311,237,0881,305,0081,265,8101,206,488
17.0
1/2% Local Government Option Sales Tax (40)988,101959,374972,3491,088,8711,061,235958,205
18.0
1/2% Local Government Option Sales Tax (42)647,989700,531965,8621,083,1591,055,726953,755
18.5
1/2% Local Government Option Sales Tax (44)3,97745,607363,044754,996739,545694,016
19.0
Privilege Licenses303,089314,573276,475283,545279,408274,792
19.2
Privilege -- All other privileges and pemits





20.0
Auto Licenses





21.0
Vehicle Tax for Public Transportation





22.0
Other Licenses29,57825,90025,30325,515165,335155,713
23.0
Local Occupancy Tax





24.0
Prepared Food Tax





25.0
911 Charges





26.0
Gross Short Term lease and Rental Tax23,45121,88622,16619,04820,72520,896
27.0FEDERALPayments In Lieu of Taxes - Federal





28.0INTERGOVEquitable Sharing of Fed. Forfeited Prop.105,78950,15579,727


29.0REVENUESGeneral Government





30.0
Public Safety

5,712130,54374,90469,739
31.0
Transportation - Streets





32.0
Transportation - All Other

24,200287,019252,534
33.0
Environmental Protection





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





35.0
Econ. & Phys. Dev. - All Other50,975
750,000


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 Tax
32,98137,800


41.0REVENUESTransitional Hold Harmless1,266,0051,088,123430,458123,514131,024188,390
42.0
Wireless Enhanced 911 Service Charges





42.1
Emergency Telephone Services Fund (ETSF) Revenues (Do not include interest)





42.2
ETSF Interest Income





43.0
Piped Natural Gas Charge Distribution





44.0
Utility Franchise Tax2,148,7362,162,5202,091,4302,078,2911,749,7121,659,199
45.0
Beer and Wine Tax112,40635,83372,368


46.0
Powell Bill648,593635,893694,070771,217679,297687,555
50.0
Court Fees - Facilities and Arrest Fees19,23824,05724,77822,85118,15310,627
51.0
General Government





52.0
Public Safety144,849136,927

35,345
53.0
Transportation - Streets





54.0
Transportation - All Other


152,887

55.0
Environmental Protection





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





57.0
Econ. & Phys. Dev. - All Other

199,000


58.0
Human Services -Health, Mental Health, Hosp





59.0
Human Services - All Other





60.0
Culture and Recreation



100,000
61.0LOCALPayments in Lieu of Taxes - Local21,18220,04019,60415,5529,3057,359
62.0INTERGOVGeneral Government



15,750
63.0REVENUESPublic Safety883883303,267883

64.0
Transportation - Streets





65.0
Transportation - All Other





66.0
Environmental Protection





67.0
Economic and Physical Development


125,000

68.0
Human Services - Health, Mental Hlt & Hosp





69.0
Human Services - All Other

7,590


70.0
Culture and Recreation


50,000

71.0PERMITS Building Permits68,49552,21748,95488,293114,23292,367
72.0& FEESInspection Fees32,13329,07530,60052,44243,45047,000
72.1
Amusements licensing and permit taxes





73.0
Other Permits24,50024,62523,86639,40844,38348,857
74.0SALES &Parking Revenues





75.0SERVICESRents and Royalties74,58579,82588,612111,04589,55466,294
76.0
Airport100,5428,2095,676
4,040
77.0
Fire Protection Charges





78.0
Solid Waste988,687962,6541,024,0871,015,480838,317780,234
79.0
Ambulance and Rescue Squad Charges





80.0
Cemeteries2,2008003,0002,00017,70039,500
81.0
Recreation Service Revenues359,623345,964382,829413,118408,625343,681
82.0
Library Service Revenues





83.0
Other Cultural and Rec Service Revenues377,871




84.0
Mass Transit - City Operated





85.0
Other Sales and Services26,30533,12028,49335,72230,60225,897
86.0UTILITYWater and Sewer Charges12,530,04810,976,73710,530,34811,370,35610,035,3619,158,914
87.0REVENUESElectric Charges





88.0
Gas Charges





88.1
Storm Water Fees





89.0MISC.Investment Earnings - Bond Proceeds





90.0REVENUESInvestment Earnings - All Other Funds67,550122,753387,646867,6391,007,829720,074
91.0
Special Assessments





92.0
Private Contributions and Donations





93.0
Sales of Materials and Fixed Assets27,80538,0035,39148,8294,93041,996
94.0
Sale of Real Property





95.0
Nongovt Contr For Streets & Traffic Signals





96.0
ABC Mixed Drink Surcharge





97.0
ABC Profit Distribution105,00045,00030,000


98.0
Other Miscellaneous Revenues82,843519,939512,180477,269580,745579,134
99.0
Proceeds of Sale of Bonds and Notes

163,994


100.0
Proceeds of Capital Leases/Install Purchases822,835



682,180
101.0
Other391,675


4,5151,948,888
102.0NON-REVSchool - Current Levy Collections





103.0RECEIPTSPrior Years' Levy Collections





104.0
Tax Collections for Other Units





105.0
Utilities Customer's Deposits





106.0
Deposits Other than Utility





107.0
Prepaid Taxes





108.0
Prepaid Privilege Licenses





109APART 4Governing Body - Salaries & Wages96,00396,95582,71769,86161,40072,918
109BGENERALGoverning Body - Other Direct57,06377,04871,27540,33053,09054,512
109CGOVTGoverning Body - Construction





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


10,676

110A
Administration - Salaries & Wages208,120125,332119,971111,013105,645105,425
110B
Administration - Other Direct116,14343,30644,13645,65544,28945,225
110C
Administration - Construction





110D
Administration - Purchase of P,P&E





111A
Elections - Salaries & Wages





111B
Elections - Other Direct





111C
Elections - Construction





111D
Elections - Purchase of P,P&E





112A
Finance - Salaries & Wages183,712179,014165,666160,027229,244259,812
112B
Finance - Other Direct65,40967,28784,55959,92461,330126,247
112C
Finance - Construction





112D
Finance - Purchase of P,P&E

6,731


113A
Taxes - Salaries & Wages





113B
Taxes - Other Direct161,003154,627203,543189,548152,146130,791
113C
Taxes - Construction





113D
Taxes - Purchase of P,P&E





114A
Legal - Salaries & Wages121,600119,555112,178120,810121,512116,546
114B
Legal - Other Direct22,98225,25423,94421,61915,76914,811
114C
Legal - Construction





114D
Legal - Purchase of P,P&E





115A
Public Buildings - Salaries & Wages





115B
Public Buildings - Other Direct111,80382,11984,80069,39358,39789,213
115C
Public Buildings - Construction





115D
Public Buildings - Purchase of P,P&E
35,347

2,139
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 & Wages763,051708,046629,822582,846557,014533,900
117B
Central Services - Other Direct279,155168,271151,543177,421235,532145,180
117C
Central Services - Construction





117D
Central Services - Purchase of P,P&E22,772
20,33720,6813085,044
118A
Gen. Govt. All Other - Salaries & Wages168,658239,878228,807363,609321,331374,082
118B
Gen. Govt. All Other - Other Direct280,954272,490324,091276,761207,981167,387
118C
Gen. Govt. All Other - Construction





118D
Gen. Govt. All Other - Purchase of P,P&E4,3645,0826,7315,8419,8427,635
119APUBLICPolice & Comm - Traffic Control - Salaries and Wages4,822,8804,938,5214,702,4754,332,8164,046,7463,791,670
119BSAFETYPolice & Comm - Traffic Control - Other Direct1,079,438945,765683,118983,2871,002,509952,811
119C
Police & Comm - Traffic Control - Construction





119D
Police & Comm - Traffic Control - Purchase of P,P&E328,70343,85882,303255,432212,329766,230
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 & Wages2,927,0472,991,6692,799,7822,605,8562,398,9572,385,911
122B
Fire - Other Direct395,554430,888492,069365,919368,256366,717
122C
Fire - Construction





122D
Fire - Purchase of P,P&E26,4526,726175,695289,64240,15634,628
123A
Inspectors - Salaries & Wages438,075212,290201,987187,920184,232168,074
123B
Inspectors - Other Direct19,8089,55512,90216,38617,82413,637
123C
Inspectors - Construction





123D
Inspectors - Purchase of P,P&E





124A
Rescue Units - Salaries & Wages





124B
Rescue Units - Other Direct





124C
Rescue Units - Construction





124D
Rescue Units - Purchase of P,P&E





125A
Animal Control - Salaries & Wages





125B
Animal Control - Other Direct





125C
Animal Control - Construction





125D
Animal Control - Purchase of P,P&E





126A
Pub. Safety All Other - Salaries & Wages





126B
Pub. Safety All Other - Other Direct





126C
Pub. Safety All Other - Construction





126D
Pub. Safety All Other - Purchase of P,P&E





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 & Wages986,853885,292834,513767,874730,127654,804
128B
Streets and Highways - Other Direct1,235,0681,053,2441,040,556992,897869,284751,912
128C
Streets and Highways - Construction
120,086



128D
Streets and Highways - Purchase of P,P&E3,9983,08492,665421,968215,911249,435
129A
Street Cleaning - Salaries & Wages





129B
Street Cleaning - Other Direct





129C
Street Cleaning - Construction





129D
Street Cleaning - Purchase of P,P&E





130A
Powell Bill - Salaries & Wages





130B
Powell Bill - Other Direct





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 Direct45,98336,00570,19149,31472,40467,632
134C
Airport - Construction





134D
Airport - Purchase of P,P&E111,4191,651
328,523222,955
135A
Transpor. All Other - Salaries & Wages632,556566,528533,358500,866466,303465,788
135B
Transpor. All Other - Other Direct271,173287,640268,636308,271252,306243,398
135C
Transpor. All Other - Construction

835,786


135D
Transpor. All Other - Purchase of P,P&E21,40028,3316,1925,70535,348
136AENVIRONSolid Waste - Salaries & Wages847,460784,195802,377752,705705,082712,397
136BMENTALSolid Waste - Other Direct1,251,2901,475,4861,294,3991,452,4841,147,5221,172,355
136CPROTECTIONSolid Waste - Construction





136D
Solid Waste - Purchase of P,P&E484,026
24,600516,69253,739215,070
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 & Wages490,037403,896412,438378,864344,452345,883
140B& PHYSICALPlanning & Zoning - Other Direct66,172128,29922,76556,79354,06826,503
140CDEVELOPPlanning & Zoning - Construction





140D
Planning & Zoning - Purchase of P,P&E
4,233



141A
Economic Development - Salaries & Wages





141B
Economic Development - Other Direct820,135524,035831,357726,572754,337155,773
141C
Economic Development - Construction





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



201,619396,822
142A
Community Development - Salaries & Wages





142B
Community Development - Other Direct
198,39098723,526

142C
Community Development - Construction





142D
Community Development - Purchase of P,P&E





143A
Housing & Urban Renewal - Salaries & Wages





143B
Housing & Urban Renewal - Other Direct





143C
Housing & Urban Renewal - Construction





143D
Housing & Urban Renewal - Purchase of P,P&E





144A
Special Empl Programs - Salaries & Wages





144B
Special Empl Programs - Other Direct





144C
Special Empl Programs - Construction





144D
Special Empl Programs - Purchase of P,P&E





145A
Econ. Dev. All Other - Salaries & Wages





145B
Econ. Dev. All Other - Other Direct





145C
Econ. Dev. All Other - Construction





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





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 & Wages513,4281,762,0101,643,0531,542,7181,422,0821,345,385
153BRECREATIONRecreation & Parks - Other Direct447,2731,254,431811,141919,068999,132803,260
153C
Recreation & Parks - Construction





153D
Recreation & Parks - Purchase of P,P&E134,187
366,475403,209335,241103,503
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 Direct78,52069,959109,37896,581122,339119,376
156C
Libraries - Construction





156D
Libraries - Purchase of P,P&E53,944

140,576
30,843
157A
Cult. & Recr. All Other - Salaries & Wages1,393,517




157B
Cult. & Recr. All Other - Other Direct538,470




157C
Cult. & Recr. All Other - Construction





157D
Cult. & Recr. All Other - Purchase of P,P&E200,856




158AUTILITYWater & Sewer - Salaries & Wages4,598,9154,396,4524,117,6163,540,2693,191,3063,138,753
158B
Water & Sewer - Other Direct 4,373,2733,784,0083,955,0444,092,2143,091,3813,359,366
158C
Water & Sewer - Construction44,726846,6201,295,111


158D
Water & Sewer - Purchase of P,P&E150,188591,644377,330684,024279,38481,791
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 & Fees350,900710,376307,682353,1241,758,9652,137,061
161DSERVICEWater & Sewer - Principal1,533,3391,551,1981,324,1581,333,088

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 & Fees44,25658,99778,162105,377629,909590,154
166D
All Other - Principal378,596450,160521,939501,957

167BPENSIONDirect Benefit Program - Other Direct





168BFRINGEFringe Benefits Unallocated





169B
Separation Allowance - Law Enforcement76,206
96,092


170B
Separation Allowance - Other Employees





171B
Supplemental Retirement - Law Enforcement174,56297,359169,440115,430105,636106,740
172B
Fringe Benefits Other





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 vehicles11,148,938.11,062,871.0010,857,963.0010,418,299.009,376,267.009,197,752.00
180.0
Current year's levy -- Motor vehicles (only)777,362.788,678.00838,528.00870,768.00830,846.00848,353.00
181.0PART 6Uncollected Taxes - Current Year's Levy Except Mot Veh226,024.225,112.00161,090.0058,198.0041,965.0031,936.00
182.0OTHERUncollected Taxes - CY Levy -Motor Vehicles110,024109,303109,337125,213118,472125,896
183.0DATAPercentage of Taxes Collected - All Property %97.1897.1897.6998.3898.4398.43
184.0DATAPercentage of Taxes Collected - Exclude Motor Vehicles%97.9797.9798.5299.4499.5599.65
185.0
Percentage of Taxes Collected - Motor Vehicles %85.8586.1486.9685.6285.7485.16
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 Bond





189CINVESTCash On Hand & in Bank - All Other15,697,65717,654,24919,237,90219,497,05729,711,27617,063,605
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 Revenues37,467,73134,320,83636,245,85234,030,27233,683,76531,439,827
194BFISCALAmount - Subtract Refunding Bond Proceeds





194CSUMMARYAmount - Subtract Interfund Transfers In1,642,1691,809,6112,835,178
2,679,295
194D
Amount - Net Revenues35,825,56232,511,22533,410,67434,030,27231,004,47031,439,827


Calculated amount35,825,56232,511,22533,410,67434,030,27231,004,47031,439,827


Amounts in AGREEMENT??YesYesYesYesYesYes


Difference





195A
Amount - Total Expenditures36,695,64435,862,10336,589,80132,473,96231,248,10528,002,410
195B
Amount - Subtract Pymts. to Refunded Debt Agent





195C
Amount - Subtract Interfund Transfers Out1,642,1691,809,6112,835,178
2,679,295
195D
Amount - Net Expenditures35,053,47534,052,49233,754,62332,473,96228,568,81028,002,410


Calculated amount35,053,47534,052,49233,754,62332,473,96228,568,81028,002,410


Amounts in AGREEMENT??YesYesYesYesYesYes


Difference














401APart 10Number of residential accounts billed Water



23,000
401BWater /Number of residential accounts billed Sewer



23,000
402ASewer Amount processed and/or purchased in units Water1,5911,574227,322,1951,818,0981,842,107
402BOperationsAmount processed and/or purchased in units Sewer1,2141,442185,492,9021,335,9941,471,041
403A
Total amount billed in units - Water1,3361,3741,259,400,7631,388,4061,311,900
403B
Total amount billed in units - Sewer1,1111,075940,513,8291,028,4561,073,896
404A
Of the total in 403A above how many units were Residential W483480460,924,527470,16462,777
404B
Of the total in 403B above how many units were Residential S388374376,956,280370,05250,616
405A
Of the total in 403 above, how many units were Outside Muni W



21,003
405B
Of the total in 403 above, how many units were Outside Muni S



7,799
406A
Of the total in 405A above how many units were Residential W



11,686
406B
Of the total in 405B above how many units were Residential S



1,320
407A
Of the total in 403A, how many units were sold for redistribution



14,150
407B
Of the total in 403B how many unit were delivered in bulk





408A
Dollars related to 403A above6,632,8216,024,2955,822,0176,370,1005,595,206
408B
Dollars related to 403B above5,173,6414,457,5684,151,1514,406,4084,070,469
409A
Dollars related to 404A above3,277,0582,560,8692,639,7652,595,7052,398,630
409B
Dollars related to 404B above2,556,5201,957,0991,939,2271,894,2661,787,442
410A
Dollars related to 405A above



862,422
410B
Dollars related to 405B above



488,915
411A
Dollars related to 406A above



1,405,191
411B
Dollars related to 406B above



110,900
412A
Dollars related to 407A above



447,067
412B
Dollars related to 407B above





421A
Number of residential accounts billed - Water10,30310,20510,10010,364

421B
Number of residential accounts billed - Sewer8,4998,4278,3628,577

422A
Number of non-residential & bulk accounts billed - Water1,7001,6941,6391,670

422B
Number of non-residential & bulk accounts billed - Sewer1,5881,5621,5231,559

423A
Estimated percentage of accounts outside of municipal limits
































950.0
OfficialDeborah P Reaves

951.0
TitleFinance Director

952.0
Date12/20/201112/14/201012/04/200912/05/200811/08/200711/13/2006
953.0
Contact


954.0
Title


955.0
Phone336-626-1201 ext 247




956.0
Fax336-626-1218




957.0
E-Mail:


















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Key Ratios and Operations Statistics of Water and Sewer Systems for



City of Asheboro













201120102009200820072006








Population
25,26225,32124,82723,94023,72923,219
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
$12,371,20010,976,73710,530,34811,370,35610,035,3619,158,914
Total Operating Revenues Per Capita
$490434424475423394
Group Weighted Average Revenues Per Capita466453400439434426
State Weighted Average Revenues Per Capita404384353365367356








% to Total Operating Revenues






Operating Expenses
86.16%89.46%90.68%80.16%78.47%83.67%
Group Weighted Average
82.23%82.97%86.15%83.28%80.53%79.92%
State Weighted Average
82.59%85.08%89.86%86.70%82.47%81.57%








Operating Margin
13.84%10.54%9.32%19.84%21.53%16.33%
Group Weighted Average
17.77%17.03%13.85%16.72%19.47%20.08%
State Weighted Average
17.41%14.92%10.14%13.30%17.53%18.43%








Operating Transfers In
0.00%0.29%5.15%0.00%0.00%0.00%
Group Weighted Average
0.96%3.79%1.33%2.11%1.39%4.10%
State Weighted Average
0.85%1.71%1.26%1.45%1.20%1.83%








Operating Transfers Out
5.92%0.00%0.00%7.30%18.45%0.33%
Group Weighted Average
2.58%3.57%3.69%4.67%3.12%6.52%
State Weighted Average
1.89%1.79%2.55%3.08%1.94%2.63%








Net Income before capital contributions
6.51%5.52%13.86%13.78%5.59%17.44%
Group Weighted Average
9.58%12.65%7.77%13.17%14.01%7.26%
State Weighted Average
8.52%7.13%-10.44%7.19%11.65%9.59%








Key Ratios and Cash Flow














Quick Ratio
4.534.034.743.812.983.95
Group Weighted Average
3.563.073.133.213.223.18
State Weighted Average
3.483.202.812.962.902.82








Days Sales in Receivables
64.765.062.461.269.275.6
Group Weighted Average
59.259.356.153.954.848.8
State Weighted Average
54.458.958.655.260.057.8








Days Cash on Hand
397.0419.6441.2446.4590.0470.9
Group Weighted Average
493.0466.8434.9453.0486.1420.5
State Weighted Average
505.4465.8424.9457.2497.5457.2








Cash flow from Operations
$3,359,9102,846,8883,143,5633,890,9813,677,5762,541,011








Debt to Equity
0.210.260.030.340.340.36
Group Weighted Average
0.490.440.380.440.510.49
State Weighted Average
0.600.600.570.560.560.52








Debt per Capita
40746652604589630
Group Weighted Average
1,0749707068971,001945
State Weighted Average
1,2821,2531,1291,1391,101988








Capital Expenditures:
201120102009200820072006


$194,9141,438,2641,672,441684,024279,38481,791










2005200420032002



$2,770,434223,905150,415399,582









Capital Contributions: Excluded from income above
$2,255,680442,638606,183244,79901,175,251
















Operating Statistics














Estimated population of the areas served Water000023,000NA
Estimated population of the areas served Sewer000023,000NA








Number of Gallons of Water Processed (000) omitted1,5911,574227,322,1951,818,0981,842,107NA
Number of Gallons of Sewage Processed (000) omitted1,2141,442185,492,9021,335,9941,471,041NA








Number of Gallons of Water Billed (000) omitted1,3361,3741,259,400,7631,388,4061,311,900NA
Number of Gallons of Sewage Billed (000) omitted1,1111,075940,513,8291,028,4561,073,896NA








Ratio of Water Billed to Water Processed0.839720.873045.540160.763660.71217NA
Ratio of Sewage Billed to Sewage Processed0.915160.745865.070350.769810.73002NA








Total Revenue from Water Sales6,632,8216,024,2955,822,0176,370,1005,595,206NA
Total Revenue from Sewage Sales5,173,6414,457,5684,151,1514,406,4084,070,469NA








Water Revenue per 1000 gallons of Sales




243.26983NA
Sewage Revenue per 1000 gallons of Sales




176.97691NA








Group Average Sales per thousand Gallons Water$0.00985$37.70357$43.89276$8,202.96943$14,778.61260NA
Group Average Sales per thousand Gallons Sewage$0.00914$56.52978$61.44726$6,820.24527$15,323.42368NA








State Average Sales per thousand Gallons Water$0.00336$24.76610$28.47236$12,972.02948$5,350.70834NA
State Average Sales per thousand Gallons Sewage$0.00971$42.19716$44.32771$10,951.56798$3,952.35744NA








Residential Water Sales per thousand Gallons$6,784.799175,331.478360.005735.5208538.20874NA
Residential Sewage Sales per thousand Gallons$6,588.969075,231.066740.005145.1189235.31377NA








Water Sales per thousand Gallons outside Municipal Limits



41.06185NA
Sewage Sales per thousand Gallons outside Municipal Limits



62.68945NA








Total Water Sales per thousand gallons for Redistribution$0.000000.000000.000000.00000447,067.00000NA
Total Sewage Sales per thousand gallons for Redistribution$0.000000.000000.000000.000000.00000NA




Financial Graphs and Comparisons


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Analysis of Available Fund Balance:  General Fund

20072008200920102011
Unit's FBA %32.58%34.64%37.36%29.37%25.06%
Group average FBA %40.43%43.40%41.08%44.27%49.77%
State average Electric/Non Electric Group FBA %37.39%36.66%37.89%38.70%41.07%
State average FBA %36.54%36.34%40.43%37.47%39.53%






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

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Analysis of Property Tax

20072008200920102011
Municipality98.43%98.38%97.69%97.18%97.18%
Pop. Group97.23%97.39%96.99%96.95%96.95%
Statewide97.58%97.56%97.34%97.35%97.42%






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






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Analysis of General Obligation Debt

20072008200920102011
Municipality300252200155115
Pop. Group166153130220232
Statewide478456455449450






Municipal Population Group: 25,000 to 49,999






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Analysis of Revenue

20072008200920102011
Property Tax$427467464465472
Utility423475424434496
Sales Tax173177143116116
Sales & Services5966625676
Intergovernmental129157191165179
Debt Proceeds007033
Other Miscellaneous9679554846
Total$1,3071,4211,3461,2841,418

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Analysis of Revenue for Fiscal 2011











2011
2011
CategoryRevenue
Per Capita
Property Tax$11,923,685
$472
Water/Sewer12,530,048
496
Electric0
0
Other Utilities0
0
Sales Tax2,926,393
116
Sales & Services1,929,813
76
Intergovernment4,518,656
179
Debt Proceeds822,835
33
Miscellaneous1,174,132
46
Total$35,825,562
$1,418





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$2,662,792
$106
Water/Sewer9,167,102
363
Electric0
0
Other Utilities0
0
Debt Service2,307,091
91
Transportation3,308,450
131
Public Safety10,288,725
407
Other7,319,315
290
Total$35,053,475
$1,388





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$19,191,912
$760
Water/Sewer Capital194,914
8
Electric Capital0
0
Other Capital1,392,121
55
Other Operating14,274,528
565
Total$35,053,475
$1,388





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






Last Updated 6/15/2012 11:04:07 AM