North Carolina
Department of State Treasurer
Financial Information
Town of Boiling Springs



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 Cleveland 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$787,729 $785,076 $0 $721,919 $682,777 $697,621


Utility 1,415,211 1,324,077 - 1,320,217 1,298,008 1,129,084


Sales Tax 209,436 224,715 - 303,880 295,757 232,656


Sales & Services 168,287 157,836 - 131,298 127,347 128,014


Intergovernmental 454,516 464,735 - 345,030 305,159 322,575


Debt Proceeds - - - - - -


Other Miscellaneous 195,628 113,377 - 241,427 242,167 189,850


Total$3,230,807 3,069,816 - 3,063,771 2,951,215 2,699,800










Expenditures by Function







Utility$1,401,640 984,446 - 908,706 971,339 910,209


Debt Service 263,401 267,199 - 280,539 200,583 197,913


Transportation 203,793 64,810 - 58,719 47,204 145,759


General Government 364,717 350,615 - 359,800 610,783 309,893


Public Safety 602,470 619,097 - 520,039 496,669 430,001


Other 297,886 314,454 - 310,487 269,383 250,185


Total$3,133,907 2,600,621 - 2,438,290 2,595,961 2,243,960










Expenditures by Object







Salaries & Wages$785,587 831,778 - 754,700 706,983 651,077


Capital Outlay 534,674 145,711 - 219,245 535,853 208,569


Other Operating + Debt Service 1,813,646 1,623,132 - 1,464,345 1,353,125 1,384,314


Total$3,133,907 2,600,621 - 2,438,290 2,595,961 2,243,960



















Per Capita Revenues by Source







Property Tax$169 183 - 175 169 175


Utility 304 308 - 320 321 282


Sales Tax 45 52 - 73 73 58


Sales & Services 36 37 - 32 32 32


Intergovernmental 98 108 - 84 76 81


Debt Proceeds - - - - - -


Other Miscellaneous 42 26 - 59 60 47


Total$694 714 - 743 731 675










Per Capita Expenditures by Function







Utility$301 229 - 220 240 228


Debt Service 57 62 - 68 50 50


Transportation 44 15 - 14 12 36


General Government 79 82 - 88 151 76


Public Safety 129 144 - 126 123 108


Other 64 73 - 75 67 63


Total$674 605 - 591 643 561










Per Capita Expenditures by Object







Salaries & Wages$169 193 - 183 175 163


Capital Outlay 115 34 - 53 133 52


Other Operating 390 378 - 355 335 346


Total$674 605 - 591 643 561










Population GroupNo 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 119 122 120 120 124 123


Average Population In Group 4,793 4,664 4,697 4,793 4,727 4,663


Town of Boiling Springs Population 4,653 4,301 4,268 4,123 4,039 3,997

Group Average Per Capita Revenues by Source







Property Tax 356 342346336310306


Utility 392 322314310313326


Sales Tax 125 125144160160154


Sales & Services 86 8885807874


Intergovernmental 237 202185180174160


Debt Proceeds 127 8020917110895


Other Miscellaneous 131 106105133160126


Total 1,454 1,2651,3881,3701,3031,241










Group Average Per Capita Expenditures by Function







Utility 422 419414370332305


Debt Service 111 1031001029698


Transportation 91 9595110111112


General Government 173 179185169159156


Public Safety 314 323318318310280


Other 242 220219230235209


Total 1,353 1,3391,3311,2991,2431,160










Group Average Per Capita Expenditures by Object







Salaries & Wages 447 431429414405390


Capital Outlay 250 325317279252205


Other Operating 655 583585606584564


Total 1,352 1,3391,3311,2991,2411,159


















General Fund
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201120102009200820072006

General Fund revenues$1,666,388 1,701,701 1,729,371 1,687,922 1,617,379 1,481,065

General Fund expenditures 1,468,866 1,348,976 1,718,357 1,249,045 1,424,039 1,135,838

Operating transfers in - - - - - -

Operating transfers out - - - - - -

Capital leases and installment purchase proceeds - - - - - -

Other items - - - - - -

Excess of revenues and other sources over (under) expenditures and other uses 197,522 352,725 11,014 438,877 193,340 345,227










Fund balance available (FBA):







In dollars$2,509,595 2,309,651 1,955,586 1,957,042 1,450,538 1,286,324


FBA as a % of GF Net Expenditures:







Unit's FBA %170.85171.22113.81156.68101.86113.25


Group weighted average FBA %69.3067.3970.2565.0564.3162.32


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$641,153 743,917 629,503 477,275 292,567 79,564


Quick ratio3.65 3.82 3.62 3.00 2.03 1.35


Net income342,636 159,117 186,633 217,575 209,525 125,437


Cashflow from operations476,405 442,173 457,152 466,077 464,204 294,453


Depreciation & Amortization Expense240,640 245,553 246,263 245,875 224,502 208,230


























Cash, Investments and Financing
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201120102009200820072006











Population at July 1st of the Previous Year4,6534,3014,2684,1234,0393,997


Population GroupNo 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$3,223,418 $3,143,660 $0 $2,516,858 $1,890,414 $1,442,556


Investment Earnings38,262 43,508 0 99,047 88,010 45,071


Tax Rate Equivalent0.01420.01620.00000.04120.03850.0206


Tax Rate Equivalent Group weighted average0.00330.00550.01300.02940.04370.0322


Tax Rate Equivalent Statewide weighted average0.03170.02470.01330.05240.09200.0573


Latest year of Revaluation 200820082008200420042004


January 1, Prior Year Assessed Valuation$268,931,046 267,983,219 265,081,421 240,416,544 228,847,783 219,201,375


Tax Rate0.29000.29000.29000.30000.30000.3000


Tax Rate Group weighted average0.27780.25520.26970.26690.31160.3191


Tax Rate State Wide0.41220.40900.42620.42380.44500.4321


Assessment -to-Sales Ratio97.0297.5297.8584.5292.2192.45


Assessment -to-Sales Ratio Group weighted average102.19102.8492.1790.9283.5191.52


Assessment -to-Sales Ratio Statewide101.4798.2790.8188.5388.4192.28


Assessed Valuation Adjusted for Assesment to Sales Ratio$277,191,348 274,798,215 270,905,898 284,449,295 248,181,090 237,102,623


EffectiveTax Rate0.28140.28280.28380.25360.27660.2774


Group weighted average Effective Tax Rate0.28380.26240.24860.24270.26020.2921


Statewide weighted average Effective Tax Rate0.41830.40200.38700.37520.39340.3987


Percent Collected97.880097.62000.000097.540097.510097.8600


Percent Collected Group weighted average96.6795.4095.4195.8196.7096.72


Percent Collected Statewide97.4297.3597.3497.5697.5897.55


Percent Collected Excluding Motor Vehicles98.6798.400.0098.6798.5798.81


Percent Collected Excluding Motor Vehicles Group weighted average97.3897.4397.5598.0697.9998.08


Percent Collected Excluding Motor Vehicles Statewide weighted average98.2598.2398.3098.6598.5998.61


Percent Collected Motor Vehicles Only 91.6691.560.0090.5290.8093.01


Percent Collected Motor Vehicles Only Group weighted average85.3885.6085.2385.7586.0486.22


Percent Collected Motor Vehicles Only Statewide weighted average 86.4186.3886.5586.7486.7186.80


Tax Uncollected97,123 99,258 0 109,065 101,829 119,312


Tax Rate Equivalent0.03610.03700.00000.04540.04450.0544


Dominant County: Cleveland






Debt Information








Population Group2,500 to 4,9992,500 to 4,9992,500 to 4,9992,500 to 4,9992,500 to 4,9992,500 to 4,999


Ratings:







Fitch







Moody's







S & P
















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




Enterprise GO Debt$0 0 0 0 0 0


General Government GO Debt0 0 0 0 0 0


Total General Obligation Debt0 0 0 0 0 0


Per Capita$0 0 0 0 0 0


Total Per Capita for the Population Group113 107 158 152 149 162


Total Per Capita Statewide450 449 455 456 478 495


Total per Assessed Valuation Adjusted for Current Year Sales0.0000%0.0000%0.0000%0.0000%0.0000%0.0000%


Total per Assessed Valuation Adjusted for Current Year Sales- Group Average0.0898%0.0802%0.1078%0.1101%0.1223%0.1565%


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$859,269 910,985 960,645 1,008,329 1,054,116 1,098,083


--General Government0 0 0 0 0 0


Total*$859,269 910,985 960,645 1,008,329 1,054,116 1,098,083


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




Revenue Bond Debt $1,171,117 1,313,469 1,455,822 1,598,175 1,740,528 778,965


















Annual Financial Information Report Detail
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LineSectionDescription201120102009200820072006

Population at July 1st of the Previous Year Adjusted for Boundry Changes4,6534,3014,2684,1234,0393,997









1.5AFISCAL Governmental Activities Assets3,686,3733,527,422
3,094,4332,711,9792,232,355
1.5BSUMMARYGovernmental Activities Liabilities19,52012,099
54,188156,848207,894
3.5A
Business Type Activities Assets5,689,0195,562,924
5,580,2655,596,0224,456,761
3.5B
Business Type Activities Liabilties2,074,0942,290,635
2,653,7262,887,0581,957,322
6.5A
Fiduciary Funds Assets





6.5B
Fiduciary Funds Liabilties





10.0PART 2Current Collections of Unit -Wide Levy767,924755,406
708,851668,948675,719
11.0TAXCurrent Collections of Special Tax Districts





12.0REVENUESPrior Years' Levy Collections17,99626,049
14,37312,96519,184
13.0
Penalties and Interest1,8093,621
-1,3058642,718
14.0
Collections of Taxes Previously Written Off





15.0
Animal Tax





15.1
Solid Waste Disposal Tax





16.0
1% Local Government Option Sales Tax96,70994,190
97,12295,08079,891
17.0
1/2% Local Government Option Sales Tax (40)67,48466,359
76,64273,99355,480
18.0
1/2% Local Government Option Sales Tax (42)47,17055,406
76,21973,58155,208
18.5
1/2% Local Government Option Sales Tax (44)-1,9278,760
53,89753,10342,077
19.0
Privilege Licenses2,2992,363


1,671
19.2
Privilege -- All other privileges and pemits


1,8731,803
20.0
Auto Licenses





21.0
Vehicle Tax for Public Transportation





22.0
Other Licenses


23,38925,34321,044
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.





29.0REVENUESGeneral Government





30.0
Public Safety





31.0
Transportation - Streets





32.0
Transportation - All Other





33.0
Environmental Protection





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





35.0
Econ. & Phys. Dev. - All Other





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





41.0REVENUESTransitional Hold Harmless68,64648,687



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 Tax191,777189,685
145,770130,196118,595
45.0
Beer and Wine Tax





46.0
Powell Bill118,014116,960
142,921143,282130,085
50.0
Court Fees - Facilities and Arrest Fees6,9579,473
11,45913,93213,665
51.0
General Government





52.0
Public Safety2,98199,930
44,88017,7497,315
53.0
Transportation - Streets





54.0
Transportation - All Other




8,580
55.0
Environmental Protection




44,335
56.0
Econ. & Phys. Dev. - Housing/Community Dev





57.0
Econ. & Phys. Dev. - All Other





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 - Local





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





68.0
Human Services - Health, Mental Hlt & Hosp





69.0
Human Services - All Other





70.0
Culture and Recreation66,141




71.0PERMITS Building Permits





72.0& FEESInspection Fees





72.1
Amusements licensing and permit taxes





73.0
Other Permits





74.0SALES &Parking Revenues





75.0SERVICESRents and Royalties





76.0
Airport





77.0
Fire Protection Charges





78.0
Solid Waste168,287157,836
131,298127,347128,014
79.0
Ambulance and Rescue Squad Charges





80.0
Cemeteries





81.0
Recreation Service Revenues





82.0
Library Service Revenues





83.0
Other Cultural and Rec Service Revenues





84.0
Mass Transit - City Operated





85.0
Other Sales and Services





86.0UTILITYWater and Sewer Charges1,415,2111,324,077
1,320,2171,298,0081,129,084
87.0REVENUESElectric Charges





88.0
Gas Charges





88.1
Storm Water Fees





89.0MISC.Investment Earnings - Bond Proceeds





90.0REVENUESInvestment Earnings - All Other Funds38,26243,508
99,04788,01045,071
91.0
Special Assessments





92.0
Private Contributions and Donations





93.0
Sales of Materials and Fixed Assets





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





98.0
Other Miscellaneous Revenues





99.0
Proceeds of Sale of Bonds and Notes





100.0
Proceeds of Capital Leases/Install Purchases





101.0
Other155,06767,506
117,118127,011122,064
102.0NON-REVSchool - Current Levy Collections





103.0RECEIPTSPrior Years' Levy Collections





104.0
Tax Collections for Other Units





105.0
Utilities Customer's Deposits


2,334426258
106.0
Deposits Other than Utility





107.0
Prepaid Taxes





108.0
Prepaid Privilege Licenses





109APART 4Governing Body - Salaries & Wages8,4008,400
8,400

109BGENERALGoverning Body - Other Direct



83,85172,848
109CGOVTGoverning Body - Construction





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





110A
Administration - Salaries & Wages164,159163,860
151,681141,170129,297
110B
Administration - Other Direct169,946161,679
186,34890,05683,664
110C
Administration - Construction





110D
Administration - Purchase of P,P&E9,6875,192
3,913282,01811,060
111A
Elections - Salaries & Wages





111B
Elections - Other Direct





111C
Elections - Construction





111D
Elections - Purchase of P,P&E





112A
Finance - Salaries & Wages





112B
Finance - Other Direct





112C
Finance - Construction





112D
Finance - Purchase of P,P&E





113A
Taxes - Salaries & Wages





113B
Taxes - Other Direct





113C
Taxes - Construction





113D
Taxes - Purchase of P,P&E





114A
Legal - Salaries & Wages





114B
Legal - Other Direct





114C
Legal - Construction





114D
Legal - Purchase of P,P&E





115A
Public Buildings - Salaries & Wages





115B
Public Buildings - Other Direct12,52511,484
9,45813,68813,024
115C
Public Buildings - Construction





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





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 & Wages





117B
Central Services - Other Direct





117C
Central Services - Construction





117D
Central Services - Purchase of P,P&E





118A
Gen. Govt. All Other - Salaries & Wages





118B
Gen. Govt. All Other - Other Direct





118C
Gen. Govt. All Other - Construction





118D
Gen. Govt. All Other - Purchase of P,P&E





119APUBLICPolice & Comm - Traffic Control - Salaries and Wages269,561289,631
250,965219,150212,493
119BSAFETYPolice & Comm - Traffic Control - Other Direct158,608152,990
156,779135,181116,414
119C
Police & Comm - Traffic Control - Construction





119D
Police & Comm - Traffic Control - Purchase of P,P&E35,16842,038
29,41932,33526,425
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 & Wages





122B
Fire - Other Direct129,000123,601
20,14615,33714,826
122C
Fire - Construction





122D
Fire - Purchase of P,P&E


52,27484,51350,003
123A
Inspectors - Salaries & Wages





123B
Inspectors - Other Direct





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 & Wages





128B
Streets and Highways - Other Direct37,67239,111
37,47836,16038,093
128C
Streets and Highways - Construction





128D
Streets and Highways - Purchase of P,P&E





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 Direct166,12125,699
21,24111,044107,666
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 & Wages62,05961,725
60,52246,83442,328
136BMENTALSolid Waste - Other Direct100,87990,421
91,73081,96975,987
136CPROTECTIONSolid Waste - Construction





136D
Solid Waste - Purchase of P,P&E
2,303
44,93330,53030,530
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 & Wages





140B& PHYSICALPlanning & Zoning - Other Direct





140CDEVELOPPlanning & Zoning - Construction





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





141A
Economic Development - Salaries & Wages





141B
Economic Development - Other Direct





141C
Economic Development - Construction





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





142A
Community Development - Salaries & Wages





142B
Community Development - Other Direct





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 & Wages40,68271,433
49,92154,25347,656
153BRECREATIONRecreation & Parks - Other Direct94,26688,572
63,38146,70152,184
153C
Recreation & Parks - Construction





153D
Recreation & Parks - Purchase of P,P&E



9,0961,500
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 & Wages240,726236,729
233,211245,576219,303
158B
Water & Sewer - Other Direct 671,095651,539
586,789628,402601,855
158C
Water & Sewer - Construction





158D
Water & Sewer - Purchase of P,P&E489,81996,178
88,70697,36189,051
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 & Fees69,32275,177
92,39966,83163,910
161DSERVICEWater & Sewer - Principal194,079192,022
188,140133,752134,003
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 Enforcement





170B
Separation Allowance - Other Employees





171B
Supplemental Retirement - Law Enforcement10,13310,837
10,45610,1539,840
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 vehicles696,714.685,532.000.00625,992.00592,687.00578,038.00
180.0
Current year's levy -- Motor vehicles (only)87,827.88,293.000.00100,739.0093,339.00112,423.00
181.0PART 6Uncollected Taxes - Current Year's Levy Except Mot Veh9,296.10,965.000.008,326.008,490.006,889.00
182.0OTHERUncollected Taxes - CY Levy -Motor Vehicles7,3217,454
9,5548,5887,853
183.0DATAPercentage of Taxes Collected - All Property %97.8897.620.0097.5497.5197.86
184.0DATAPercentage of Taxes Collected - Exclude Motor Vehicles%98.6798.400.0098.6798.5798.81
185.0
Percentage of Taxes Collected - Motor Vehicles %91.6691.560.0090.5290.8093.01
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 Other3,223,4183,143,660
2,516,8581,890,4141,442,556
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 Revenues3,230,8073,069,816
3,063,7712,951,2152,699,800
194BFISCALAmount - Subtract Refunding Bond Proceeds





194CSUMMARYAmount - Subtract Interfund Transfers In





194D
Amount - Net Revenues3,230,8073,069,816
3,063,7712,951,2152,699,800


Calculated amount3,230,8073,069,816
3,063,7712,951,2152,699,800


Amounts in AGREEMENT??YesYesYesYesYesYes


Difference





195A
Amount - Total Expenditures3,133,9072,600,621
2,438,2902,595,9612,243,960
195B
Amount - Subtract Pymts. to Refunded Debt Agent





195C
Amount - Subtract Interfund Transfers Out





195D
Amount - Net Expenditures3,133,9072,600,621
2,438,2902,595,9612,243,960


Calculated amount3,133,9072,600,621
2,438,2902,595,9612,243,960


Amounts in AGREEMENT??YesYesYesYesYesYes


Difference














401APart 10Number of residential accounts billed Water





401BWater /Number of residential accounts billed Sewer





402ASewer Amount processed and/or purchased in units Water





402BOperationsAmount processed and/or purchased in units Sewer





403A
Total amount billed in units - Water





403B
Total amount billed in units - Sewer





404A
Of the total in 403A above how many units were Residential W





404B
Of the total in 403B above how many units were Residential S





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





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





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





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 bulk





408A
Dollars related to 403A above





408B
Dollars related to 403B above





409A
Dollars related to 404A above





409B
Dollars related to 404B above





410A
Dollars related to 405A above





410B
Dollars related to 405B above





411A
Dollars related to 406A above





411B
Dollars related to 406B above





412A
Dollars related to 407A above





412B
Dollars related to 407B above





421A
Number of residential accounts billed - Water





421B
Number of residential accounts billed - Sewer





422A
Number of non-residential & bulk accounts billed - Water





422B
Number of non-residential & bulk accounts billed - Sewer





423A
Estimated percentage of accounts outside of municipal limits
































950.0
OfficialRhonda Allen

951.0
TitleFinance Director

952.0
Date10/03/201110/29/2010
09/27/200810/30/200710/28/2006
953.0
ContactRhonda Allen

954.0
TitleFinance Director

955.0
Phone704-434-2357




956.0
Fax704-434-2358




957.0
E-Mail:


















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Key Ratios and Operations Statistics of Water and Sewer Systems for



Town of Boiling Springs













201120102009200820072006








Population
4,6534,3014,2684,1234,0393,997
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
$1,415,2111,324,0771,323,5891,320,2171,298,0081,129,084
Total Operating Revenues Per Capita
$304308310320321282
Group Weighted Average Revenues Per Capita465442409396397412
State Weighted Average Revenues Per Capita404384353365367356








% to Total Operating Revenues






Operating Expenses
81.43%85.63%84.18%80.73%81.47%91.17%
Group Weighted Average
93.10%92.87%93.32%93.18%90.16%87.26%
State Weighted Average
82.59%85.08%89.86%86.70%82.47%81.57%








Operating Margin
18.57%14.37%15.82%19.27%18.53%8.83%
Group Weighted Average
6.90%7.13%6.68%6.82%9.84%12.74%
State Weighted Average
17.41%14.92%10.14%13.30%17.53%18.43%








Operating Transfers In
0.00%0.00%0.00%0.00%0.00%0.00%
Group Weighted Average
2.55%3.37%2.01%1.52%2.84%2.59%
State Weighted Average
0.85%1.71%1.26%1.45%1.20%1.83%








Operating Transfers Out
0.00%0.00%0.00%0.00%0.00%0.00%
Group Weighted Average
5.13%4.49%7.69%4.05%4.95%2.33%
State Weighted Average
1.89%1.79%2.55%3.08%1.94%2.63%








Net Income before capital contributions
24.21%12.02%14.10%16.48%16.14%11.11%
Group Weighted Average
-5.62%3.49%0.41%2.42%-2.67%6.45%
State Weighted Average
8.52%7.13%-10.44%7.19%11.65%9.59%








Key Ratios and Cash Flow














Quick Ratio
3.653.823.623.002.031.35
Group Weighted Average
3.362.993.223.123.263.67
State Weighted Average
3.483.202.812.962.902.82








Days Sales in Receivables
47.848.846.148.151.154.4
Group Weighted Average
53.357.765.252.352.853.8
State Weighted Average
54.458.958.655.260.057.8








Days Cash on Hand
277.9337.7294.0241.8171.355.3
Group Weighted Average
360.2368.6384.6439.3462.7413.2
State Weighted Average
505.4465.8424.9457.2497.5457.2








Cash flow from Operations
$476,405442,173457,152466,077464,204294,453








Debt to Equity
0.560.680.780.891.030.75
Group Weighted Average
0.410.400.400.310.280.25
State Weighted Average
0.600.600.570.560.560.52








Debt per Capita
436517566632692470
Group Weighted Average
924863806631533484
State Weighted Average
1,2821,2531,1291,1391,101988








Capital Expenditures:
201120102009200820072006


$489,81996,178088,70697,36189,051










2005200420032002



$168,380129,77982,25524,141









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) omitted00000NA
Number of Gallons of Sewage Processed (000) omitted00000NA








Number of Gallons of Water Billed (000) omitted00000NA
Number of Gallons of Sewage Billed (000) omitted00000NA








Ratio of Water Billed to Water Processed




NA
Ratio of Sewage Billed to Sewage Processed




NA








Total Revenue from Water Sales00000NA
Total Revenue from Sewage Sales00000NA








Water Revenue per 1000 gallons of Sales





NA
Sewage Revenue per 1000 gallons of Sales





NA








Group Average Sales per thousand Gallons Water$0.00493$146.64376$40.01634$1,510.62899$1,842.80047NA
Group Average Sales per thousand Gallons Sewage$0.00751$72.11574$36.04590$1,288.89426$1,811.42912NA








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




NA
Residential Sewage Sales per thousand Gallons




NA








Water Sales per thousand Gallons outside Municipal Limits




NA
Sewage Sales per thousand Gallons outside Municipal Limits




NA








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


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Analysis of Available Fund Balance:  General Fund

20072008200920102011
Unit's FBA %101.86%156.68%113.81%171.22%170.85%
Group average FBA %64.31%65.05%70.25%67.39%69.30%
State average Electric/Non Electric Group FBA %37.39%36.66%37.89%38.70%41.07%
State average FBA %36.54%36.34%64.31%37.47%39.53%






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

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Analysis of Property Tax

20072008200920102011
Municipality97.51%97.54%0.00%97.62%97.88%
Pop. Group96.70%95.81%95.41%95.40%96.67%
Statewide97.58%97.56%97.34%97.35%97.42%






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






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Analysis of General Obligation Debt

20072008200920102011
Municipality00000
Pop. Group149152158107113
Statewide478456455449450






Municipal Population Group: 2,500 to 4,999






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Analysis of Revenue

20072008200920102011
Property Tax$1691750183169
Utility3213200308304
Sales Tax737305245
Sales & Services323203736
Intergovernmental7684010898
Debt Proceeds00000
Other Miscellaneous605902642
Total$7317430714694

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Analysis of Revenue for Fiscal 2011











2011
2011
CategoryRevenue
Per Capita
Property Tax$787,729
$169
Water/Sewer1,415,211
304
Electric0
0
Other Utilities0
0
Sales Tax209,436
45
Sales & Services168,287
36
Intergovernment454,516
98
Debt Proceeds0
0
Miscellaneous195,628
42
Total$3,230,807
$694





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





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Analysis of Expenditures by Function for Fiscal 2011











2011
2011
CategoryExpenditures
Per Capita
General Government$364,717
$79
Water/Sewer1,401,640
301
Electric0
0
Other Utilities0
0
Debt Service263,401
57
Transportation203,793
44
Public Safety602,470
129
Other297,886
64
Total$3,133,907
$674





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





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Analysis of Expenditures by Object for Fiscal 2011






2011
2011
CategoryExpenditures
Per Capita
Salaries & Wages$785,587
$169
Water/Sewer Capital489,819
105
Electric Capital0
0
Other Capital44,855
10
Other Operating1,813,646
390
Total$3,133,907
$674





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






Last Updated 6/15/2012 11:06:52 AM