North Carolina
Department of State Treasurer
Financial Information
Town of Canton



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 Haywood 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$2,617,431 $2,466,801 $2,401,210 $2,512,069 $2,260,343 $2,219,248


Utility 1,836,523 1,756,183 1,702,835 1,367,918 1,293,857 1,193,583


Sales Tax 822,718 817,724 863,243 995,798 968,029 929,375


Sales & Services 344,655 313,930 246,015 195,977 186,749 150,803


Intergovernmental 1,219,292 1,103,703 1,169,262 1,023,630 1,046,158 999,000


Debt Proceeds 344,122 - 232,797 783,606 87,798 221,511


Other Miscellaneous 174,704 157,700 197,581 283,723 332,100 184,871


Total$7,359,445 6,616,041 6,812,943 7,162,721 6,175,034 5,898,391










Expenditures by Function







Utility$1,327,135 1,361,377 1,222,728 1,168,065 1,287,898 1,128,369


Debt Service 423,080 432,812 498,582 546,175 540,861 283,269


Transportation 1,178,720 1,032,377 1,036,617 876,974 1,066,323 913,152


General Government 969,429 1,093,633 1,005,632 1,131,919 1,179,883 1,106,164


Public Safety 2,298,492 2,018,107 2,181,448 1,809,027 1,890,767 1,771,855


Other 520,218 523,988 522,864 655,536 689,212 724,935


Total$6,717,074 6,462,294 6,467,871 6,187,696 6,654,944 5,927,744










Expenditures by Object







Salaries & Wages$2,516,497 2,873,649 2,726,963 2,732,792 2,780,487 2,537,035


Capital Outlay 526,766 141,385 476,176 61,542 380,492 301,112


Other Operating + Debt Service 3,673,811 3,447,260 3,264,732 3,393,362 3,493,965 3,089,597


Total$6,717,074 6,462,294 6,467,871 6,187,696 6,654,944 5,927,744



















Per Capita Revenues by Source







Property Tax$618 602 591 615 551 538


Utility 434 429 419 335 315 289


Sales Tax 195 200 212 244 236 226


Sales & Services 81 77 61 48 46 37


Intergovernmental 288 269 288 251 255 242


Debt Proceeds 81 - 57 192 21 54


Other Miscellaneous 41 38 49 69 81 45


Total$1,738 1,615 1,677 1,754 1,505 1,431










Per Capita Expenditures by Function







Utility$313 332 301 286 314 274


Debt Service 100 106 123 134 132 69


Transportation 278 252 255 215 260 221


General Government 229 266 247 276 287 268


Public Safety 543 493 537 443 461 430


Other 123 128 129 161 168 176


Total$1,586 1,577 1,592 1,515 1,622 1,438










Per Capita Expenditures by Object







Salaries & Wages$594 701 671 669 678 615


Capital Outlay 124 35 117 15 93 73


Other Operating 868 841 804 831 851 750


Total$1,586 1,577 1,592 1,515 1,622 1,438










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 Canton Population 4,235 4,097 4,063 4,083 4,103 4,123

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$5,146,476 4,823,121 4,737,239 4,996,827 4,640,701 4,457,755

General Fund expenditures 5,230,063 4,938,059 5,030,853 4,761,372 5,084,627 4,707,310

Operating transfers in - - 35,291 783,606 7,891 -

Operating transfers out - - - 1,605 - -

Capital leases and installment purchase proceeds 344,122 - 232,797 - 87,798 71,511

Other items 20,504 - 81,614 933 23,410 150,000

Excess of revenues and other sources over (under) expenditures and other uses 281,039 (114,938) 56,088 1,018,389 (324,827) (28,044)










Fund balance available (FBA):







In dollars$2,186,246 2,032,047 2,144,293 2,173,948 1,193,820 1,544,482


FBA as a % of GF Net Expenditures:







Unit's FBA %44.7541.1544.6945.6423.8933.32


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$1,274,675 818,669 457,460 142,257 149,470 112,400


Quick ratio5.78 3.11 3.88 1.81 1.58 1.25


Net income702,649 403,810 286,702 387 320,608 170,365


Cashflow from operations570,691 544,660 451,648 201,189 (152,793)279,927


Depreciation & Amortization Expense175,954 178,332 179,089 178,431 179,096 120,159


























Cash, Investments and Financing
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201120102009200820072006











Population at July 1st of the Previous Year4,2354,0974,0634,0834,1034,123


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$3,170,794 $3,034,210 $2,703,111 $2,502,910 $2,037,578 $3,559,523


Investment Earnings11,550 12,142 37,501 89,909 93,597 83,486


Tax Rate Equivalent0.00270.00280.00880.02080.02190.0236


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 200620062006200620062002


January 1, Prior Year Assessed Valuation$426,169,454 427,408,297 423,816,301 432,069,251 426,583,549 354,491,177


Tax Rate0.58000.58000.58000.58000.53000.6100


Tax Rate Group weighted average0.27780.25520.26970.26690.31160.3191


Tax Rate State Wide0.41220.40900.42620.42380.44500.4321


Assessment -to-Sales Ratio97.0688.9384.1586.36100.0077.98


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$439,078,358 480,612,051 503,643,851 500,311,777 426,583,549 454,592,430


EffectiveTax Rate0.56290.51580.48810.50090.53000.4757


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 Collected95.150095.260094.620095.130094.610095.8400


Percent Collected Group weighted average96.6795.4095.4195.8196.7096.72


Percent Collected Statewide97.4297.3597.3497.5697.5897.55


Percent Collected Excluding Motor Vehicles96.0596.0095.5396.4096.0197.15


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 79.0282.5981.0077.3073.4378.14


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 Uncollected236,775 230,604 257,412 254,800 229,247 209,562


Tax Rate Equivalent0.05560.05400.06070.05900.05370.0591


Dominant County: Haywood






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$0 0 0 0 20,000 40,000


--General Government240,000 395,714 551,429 707,143 920,276 1,814,465


Total*$240,000 395,714 551,429 707,143 940,276 1,854,465


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




Revenue Bond Debt $1,682,204 1,794,351 1,906,498 2,018,645 2,130,792 2,242,939


















Annual Financial Information Report Detail
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LineSectionDescription201120102009200820072006

Population at July 1st of the Previous Year Adjusted for Boundry Changes4,2354,0974,0634,0834,1034,123









1.5AFISCAL Governmental Activities Assets12,129,12010,383,57510,104,3018,773,8957,929,2118,521,690
1.5BSUMMARYGovernmental Activities Liabilities2,500,0681,628,6431,152,3801,175,4086,577,0342,559,113
3.5A
Business Type Activities Assets8,371,9867,810,9467,197,7217,063,9057,301,3017,365,521
3.5B
Business Type Activities Liabilties2,075,5922,217,2011,984,2842,115,3884,948,1302,737,999
6.5A
Fiduciary Funds Assets





6.5B
Fiduciary Funds Liabilties





10.0PART 2Current Collections of Unit -Wide Levy2,514,3042,373,1472,334,0512,434,1922,190,1772,114,183
11.0TAXCurrent Collections of Special Tax Districts





12.0REVENUESPrior Years' Levy Collections77,45270,48250,48259,46552,30585,073
13.0
Penalties and Interest25,67523,17216,67718,41217,86119,992
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 Tax331,652338,741358,489401,440380,675386,337
17.0
1/2% Local Government Option Sales Tax (40)174,792168,989179,196208,623207,291186,887
18.0
1/2% Local Government Option Sales Tax (42)158,602159,040177,263206,791205,397185,442
18.5
1/2% Local Government Option Sales Tax (44)157,672150,954148,295178,944174,666170,709
19.0
Privilege Licenses45,71530,83410,1179,9739,7569,056
19.2
Privilege -- All other privileges and pemits





20.0
Auto Licenses





21.0
Vehicle Tax for Public Transportation





22.0
Other Licenses
5,8889,90571,08475,59945,461
23.0
Local Occupancy Tax





24.0
Prepared Food Tax





25.0
911 Charges





26.0
Gross Short Term lease and Rental Tax5,614504657783607768
27.0FEDERALPayments In Lieu of Taxes - Federal





28.0INTERGOVEquitable Sharing of Fed. Forfeited Prop.





29.0REVENUESGeneral Government


39

30.0
Public Safety
3,563

4,736
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 Tax1,7971,3763,3353,0617,160
41.0REVENUESTransitional Hold Harmless138,696131,278104,613104,028106,177124,077
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 Distribution6,17311,65611,48413,30313,59515,497
44.0
Utility Franchise Tax837,981718,415759,644621,949582,606554,889
45.0
Beer and Wine Tax18,0575,79518,33718,90018,63018,207
46.0
Powell Bill129,172126,073143,040160,813144,906147,940
50.0
Court Fees - Facilities and Arrest Fees2,4563,5383,6373,6912,0551,927
51.0
General Government





52.0
Public Safety



2,500
53.0
Transportation - Streets
235



54.0
Transportation - All Other





55.0
Environmental Protection
24,00016,000


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





57.0
Econ. & Phys. Dev. - All Other4,203




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 Safety74,55775,77467,29166,34665,41469,174
64.0
Transportation - Streets





65.0
Transportation - All Other





66.0
Environmental Protection



32,756
67.0
Economic and Physical Development



35,62324,376
68.0
Human Services - Health, Mental Hlt & Hosp





69.0
Human Services - All Other





70.0
Culture and Recreation6,2002,00041,88131,50030,00042,913
71.0PERMITS Building Permits8,95430,37211,09323,43612,27510,092
72.0& FEESInspection Fees10,3706,0205,2054,5153,2434,420
72.1
Amusements licensing and permit taxes





73.0
Other Permits





74.0SALES &Parking Revenues2,8733,5112,8262,7961,109310
75.0SERVICESRents and Royalties12,89113,34011,14011,04019,40617,715
76.0
Airport





77.0
Fire Protection Charges69,52064,88066,43163,72758,97643,331
78.0
Solid Waste178,568159,503100,16450,02250,18349,607
79.0
Ambulance and Rescue Squad Charges





80.0
Cemeteries





81.0
Recreation Service Revenues69,90560,22957,22658,86541,49431,312
82.0
Library Service Revenues





83.0
Other Cultural and Rec Service Revenues10,89812,4678,2289,52715,5814,618
84.0
Mass Transit - City Operated





85.0
Other Sales and Services




3,910
86.0UTILITYWater and Sewer Charges1,836,5231,756,1831,702,8351,367,9181,293,8571,193,583
87.0REVENUESElectric Charges





88.0
Gas Charges





88.1
Storm Water Fees





89.0MISC.Investment Earnings - Bond Proceeds





90.0REVENUESInvestment Earnings - All Other Funds11,55012,14237,50189,90993,59783,486
91.0
Special Assessments





92.0
Private Contributions and Donations7,3096,9461,0101,39812,905
93.0
Sales of Materials and Fixed Assets25,8703,43983,1784,51934,9145,462
94.0
Sale of Real Property





95.0
Nongovt Contr For Streets & Traffic Signals





96.0
ABC Mixed Drink Surcharge





97.0
ABC Profit Distribution600

59

98.0
Other Miscellaneous Revenues54,56710,85538,91578,04781,31326,126
99.0
Proceeds of Sale of Bonds and Notes





100.0
Proceeds of Capital Leases/Install Purchases344,122
232,797783,60687,798221,511
101.0
Other4,15550,700

7,891
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 Taxes264120



108.0
Prepaid Privilege Licenses855,265



109APART 4Governing Body - Salaries & Wages14,64714,47614,53314,53314,53314,533
109BGENERALGoverning Body - Other Direct48,05053,86161,82965,79062,21072,738
109CGOVTGoverning Body - Construction





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





110A
Administration - Salaries & Wages89,32192,51791,02563,95999,69589,600
110B
Administration - Other Direct26,71127,63328,94624,79337,27034,578
110C
Administration - Construction





110D
Administration - Purchase of P,P&E





111A
Elections - Salaries & Wages





111B
Elections - Other Direct
9,154



111C
Elections - Construction





111D
Elections - Purchase of P,P&E





112A
Finance - Salaries & Wages237,959341,526304,985394,676393,242375,004
112B
Finance - Other Direct226,646238,143206,858235,625225,905197,691
112C
Finance - Construction





112D
Finance - Purchase of P,P&E
10,285



113A
Taxes - Salaries & Wages





113B
Taxes - Other Direct





113C
Taxes - Construction





113D
Taxes - Purchase of P,P&E





114A
Legal - Salaries & Wages8,6458,5638,6128,6128,6128,612
114B
Legal - Other Direct404040848821,675
114C
Legal - Construction





114D
Legal - Purchase of P,P&E





115A
Public Buildings - Salaries & Wages





115B
Public Buildings - Other Direct86,98191,69280,620108,877110,941103,303
115C
Public Buildings - Construction





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

9,300


116A
Court Facilities - Salaries & Wages





116B
Court Facilities - Other Direct
4,3104,2775,6072,0002,000
116C
Court Facilities - Construction





116D
Court Facilities - Purchase of P,P&E





117A
Central Services - Salaries & Wages98,84196,25590,497119,021125,158118,364
117B
Central Services - Other Direct124,42798,10789,77081,78677,31777,973
117C
Central Services - Construction





117D
Central Services - Purchase of P,P&E
4,9449,670


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





118B
Gen. Govt. All Other - Other Direct7,1612,1274,6708,55622,11810,093
118C
Gen. Govt. All Other - Construction





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





119APUBLICPolice & Comm - Traffic Control - Salaries and Wages752,282874,380832,780785,771765,246687,864
119BSAFETYPolice & Comm - Traffic Control - Other Direct603,531571,304512,181486,514460,625452,203
119C
Police & Comm - Traffic Control - Construction





119D
Police & Comm - Traffic Control - Purchase of P,P&E

256,274
116,03263,585
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 & Wages277,974320,905350,074321,483303,413272,172
122B
Fire - Other Direct282,431219,511199,030174,044194,225180,156
122C
Fire - Construction





122D
Fire - Purchase of P,P&E347,652


5,54576,156
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


6,0006,0002,400
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 Direct1,3211,3751,5501,2881,3021,760
127C
Traffic Engineering - Construction





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





128A
Streets and Highways - Salaries & Wages339,625305,388284,647285,738281,570245,631
128B
Streets and Highways - Other Direct553,006492,068448,235443,598432,466424,384
128C
Streets and Highways - Construction





128D
Streets and Highways - Purchase of P,P&E
9,500



129A
Street Cleaning - Salaries & Wages





129B
Street Cleaning - Other Direct13,51918,59615,57620,29321,23125,084
129C
Street Cleaning - Construction





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





130A
Powell Bill - Salaries & Wages





130B
Powell Bill - Other Direct17,8867,7275,9631,668

130C
Powell Bill - Construction92,46888,847129,78720,169168,02351,210
130D
Powell Bill - Purchase of P,P&E68,65017,22046,347
28,66020,849
131A
Parking Facilities - Salaries & Wages





131B
Parking Facilities - Other Direct18,66418,35418,33818,33818,33317,256
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 & Wages26,38726,24142,63544,01672,19285,480
135B
Transpor. All Other - Other Direct47,19447,06143,53941,86642,54641,498
135C
Transpor. All Other - Construction





135D
Transpor. All Other - Purchase of P,P&E





136AENVIRONSolid Waste - Salaries & Wages55,51277,44973,23669,04869,87676,401
136BMENTALSolid Waste - Other Direct86,95291,35784,41481,34182,42395,061
136CPROTECTIONSolid Waste - Construction





136D
Solid Waste - Purchase of P,P&E



21,81689,312
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 & Wages3,3404,9508,172
3,962
138B
Cemeteries - Other Direct1,1801,5163588,821289,054
138C
Cemeteries - Construction





138D
Cemeteries - Purchase of P,P&E



6,000
139A
Environ. All Other - Salaries & Wages





139B
Environ. All Other - Other Direct4,6564,3355,4374,1322,7983,250
139C
Environ. All Other - Construction





139D
Environ. All Other - Purchase of P,P&E





140AECONOMICPlanning & Zoning - Salaries & Wages





140B& PHYSICALPlanning & Zoning - Other Direct17,72819,15716,84925,07918,44229,757
140CDEVELOPPlanning & Zoning - Construction





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





141A
Economic Development - Salaries & Wages





141B
Economic Development - Other Direct20,3593,6591,00919,79032,82687,986
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 & Wages95,822101,108101,894133,653142,843110,169
153BRECREATIONRecreation & Parks - Other Direct128,497121,340128,096206,326198,900138,039
153C
Recreation & Parks - Construction





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

8,46311,644

154A
Coliseum - Salaries & Wages





154B
Coliseum - Other Direct





154C
Coliseum - Construction





154D
Coliseum - Purchase of P,P&E





155A
Museums - Salaries & Wages6,0565,9375,362
3,805
155B
Museums - Other Direct10,91711,72010,79913,81518,97643,933
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 & Wages36,03530,52228,18528,30728,337
157B
Cult. & Recr. All Other - Other Direct53,16450,93850,59053,58058,18041,973
157C
Cult. & Recr. All Other - Construction





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





158AUTILITYWater & Sewer - Salaries & Wages474,051573,432490,326463,975468,003453,205
158B
Water & Sewer - Other Direct 835,088777,356716,067674,361785,479675,164
158C
Water & Sewer - Construction





158D
Water & Sewer - Purchase of P,P&E17,99610,58916,33529,72934,416
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 & Fees159,877162,860214,289258,259282,41992,065
161DSERVICEWater & Sewer - Principal





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 & Fees263,203269,952284,293287,916258,442191,204
166D
All Other - Principal





167BPENSIONDirect Benefit Program - Other Direct





168BFRINGEFringe Benefits Unallocated





169B
Separation Allowance - Law Enforcement10,3962,3033,1727,61213,03217,871
170B
Separation Allowance - Other Employees





171B
Supplemental Retirement - Law Enforcement24,22629,70427,93727,60326,64919,448
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 vehicles2,483,140.2,334,782.002,312,683.002,372,698.002,156,401.002,040,358.00
180.0
Current year's levy -- Motor vehicles (only)138,703.137,254.00153,992.00169,485.00143,285.00151,463.00
181.0PART 6Uncollected Taxes - Current Year's Levy Except Mot Veh98,072.93,350.00103,420.0085,315.0085,962.0058,099.00
182.0OTHERUncollected Taxes - CY Levy -Motor Vehicles29,10123,89429,25338,46938,07033,110
183.0DATAPercentage of Taxes Collected - All Property %95.1595.2694.6295.1394.6195.84
184.0DATAPercentage of Taxes Collected - Exclude Motor Vehicles%96.0596.0095.5396.4096.0197.15
185.0
Percentage of Taxes Collected - Motor Vehicles %79.0282.5981.0077.3073.4378.14
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 Other3,170,7943,034,2102,703,1112,502,9102,037,5783,559,523
190A PARTAppropriations Made During FY - B(1) - B(7)159,877162,860214,289258,259282,41992,065
190B 8Expenditures Made During FY - B(1) - B(7)159,877162,860214,289258,259282,41992,065
191.0
Investment in Property - B(1) - B(4)





192.0
Amount Expended During FY - B(5) and B(7)159,877162,860214,289258,259282,41992,065
193.0
Amount of Tax Revenues Taken Into Account





194APART 9Amount - Total Revenues7,359,4456,616,0416,812,9437,162,7216,175,0345,898,391
194BFISCALAmount - Subtract Refunding Bond Proceeds





194CSUMMARYAmount - Subtract Interfund Transfers In





194D
Amount - Net Revenues7,359,4456,616,0416,812,9437,162,7216,175,0345,898,391


Calculated amount7,359,4456,616,0416,812,9437,162,7216,175,0345,898,391


Amounts in AGREEMENT??YesYesYesYesYesYes


Difference





195A
Amount - Total Expenditures6,717,0746,462,2946,467,8716,187,6966,654,9445,927,744
195B
Amount - Subtract Pymts. to Refunded Debt Agent





195C
Amount - Subtract Interfund Transfers Out





195D
Amount - Net Expenditures6,717,0746,462,2946,467,8716,187,6966,654,9445,927,744


Calculated amount6,717,0746,462,2946,467,8716,187,6966,654,9445,927,744


Amounts in AGREEMENT??YesYesYesYesYesYes


Difference














401APart 10Number of residential accounts billed Water



3,093
401BWater /Number of residential accounts billed Sewer



2,103
402ASewer Amount processed and/or purchased in units Water
411,615413,269469,157444,083
402BOperationsAmount processed and/or purchased in units Sewer
219,000219,000216,000137,334
403A
Total amount billed in units - Water
242,738248,585317,876454,014
403B
Total amount billed in units - Sewer
130,244135,998139,856137,334
404A
Of the total in 403A above how many units were Residential W
121,264139,676134,000206,655
404B
Of the total in 403B above how many units were Residential S
81,20885,41489,26187,061
405A
Of the total in 403 above, how many units were Outside Muni W



143,618
405B
Of the total in 403 above, how many units were Outside Muni S



24,899
406A
Of the total in 405A above how many units were Residential W



130,010
406B
Of the total in 405B above how many units were Residential S



8,210
407A
Of the total in 403A, how many units were sold for redistribution



75,507
407B
Of the total in 403B how many unit were delivered in bulk





408A
Dollars related to 403A above1,459,0851,403,1361,4311,1051,036
408B
Dollars related to 403B above344,678259,406243210205
409A
Dollars related to 404A above764,814769,333851674633
409B
Dollars related to 404B above202,778158,376167126253
410A
Dollars related to 405A above



550
410B
Dollars related to 405B above



52
411A
Dollars related to 406A above



344
411B
Dollars related to 406B above



136
412A
Dollars related to 407A above



128
412B
Dollars related to 407B above





421A
Number of residential accounts billed - Water2,8852,8582,8112,835

421B
Number of residential accounts billed - Sewer1,9651,9621,9001,917

422A
Number of non-residential & bulk accounts billed - Water284248242222

422B
Number of non-residential & bulk accounts billed - Sewer230203199193

423A
Estimated percentage of accounts outside of municipal limits
































950.0
OfficialA. B. Matthews

951.0
TitleTown Manager

952.0
Date10/21/201110/27/201011/04/200910/31/200810/30/200710/25/2006
953.0
ContactJacqueline K. Edwards

954.0
TitleFinance Officer

955.0
Phone(828) 648-2363




956.0
Fax(828) 646-3419




957.0
E-Mail:


















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Key Ratios and Operations Statistics of Water and Sewer Systems for



Town of Canton













201120102009200820072006








Population
4,2354,0974,0634,0834,1034,123
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
$1,840,4861,757,4821,704,8351,370,4511,321,8561,193,583
Total Operating Revenues Per Capita
$435429420336322289
Group Weighted Average Revenues Per Capita465442409396397412
State Weighted Average Revenues Per Capita404384353365367356








% to Total Operating Revenues






Operating Expenses
80.69%87.01%81.27%96.08%108.38%104.60%
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
19.31%12.99%18.73%3.92%-8.38%-4.60%
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%8.78%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%0.04%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
17.17%12.15%16.82%0.03%-7.58%14.27%
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
5.783.113.881.811.581.25
Group Weighted Average
3.362.993.223.123.263.67
State Weighted Average
3.483.202.812.962.902.82








Days Sales in Receivables
54.140.141.537.341.436.9
Group Weighted Average
53.357.765.252.352.853.8
State Weighted Average
54.458.958.655.260.057.8








Days Cash on Hand
345.3226.0130.059.778.0142.7
Group Weighted Average
360.2368.6384.6439.3462.7413.2
State Weighted Average
505.4465.8424.9457.2497.5457.2








Cash flow from Operations
$570,691544,660451,648201,189-152,793279,927








Debt to Equity
0.270.320.370.390.460.49
Group Weighted Average
0.410.400.400.310.280.25
State Weighted Average
0.600.600.570.560.560.52








Debt per Capita
397438469468552552
Group Weighted Average
924863806631533484
State Weighted Average
1,2821,2531,1291,1391,101988








Capital Expenditures:
201120102009200820072006


$17,99610,58916,33529,72934,4160










2005200420032002



$0035,33731,594









Capital Contributions: Excluded from income above
$386,631190,22400420,7910
















Operating Statistics














Estimated population of the areas served Water00003,093NA
Estimated population of the areas served Sewer00002,103NA








Number of Gallons of Water Processed (000) omitted0411,615413,269469,157444,083NA
Number of Gallons of Sewage Processed (000) omitted0219,000219,000216,000137,334NA








Number of Gallons of Water Billed (000) omitted0242,738248,585317,876454,014NA
Number of Gallons of Sewage Billed (000) omitted0130,244135,998139,856137,334NA








Ratio of Water Billed to Water Processed0.864860.589720.601510.677551.02236NA
Ratio of Sewage Billed to Sewage Processed0.500000.594720.621000.647481.00000NA








Total Revenue from Water Sales1,459,0851,403,1361,4311,1051,036NA
Total Revenue from Sewage Sales344,678259,406243210205NA








Water Revenue per 1000 gallons of Sales




0.33495NA
Sewage Revenue per 1000 gallons of Sales




0.09748NA








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$6,373,450.000006.344280.006090.005030.00306NA
Residential Sewage Sales per thousand Gallons$2,534,725.000001.950250.001960.001410.00291NA








Water Sales per thousand Gallons outside Municipal Limits



0.00383NA
Sewage Sales per thousand Gallons outside Municipal Limits



0.00209NA








Total Water Sales per thousand gallons for Redistribution$0.000000.000000.000000.00000128.00000NA
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 %23.89%45.64%44.69%41.15%44.75%
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
Municipality94.61%95.13%94.62%95.26%95.15%
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$551615591602618
Utility315335419429434
Sales Tax236244212200195
Sales & Services4648617781
Intergovernmental255251288269288
Debt Proceeds2119257081
Other Miscellaneous8169493841
Total$1,5051,7541,6771,6151,738

Go to top of page
Analysis of Revenue for Fiscal 2011











2011
2011
CategoryRevenue
Per Capita
Property Tax$2,617,431
$618
Water/Sewer1,836,523
434
Electric0
0
Other Utilities0
0
Sales Tax822,718
195
Sales & Services344,655
81
Intergovernment1,219,292
288
Debt Proceeds344,122
81
Miscellaneous174,704
41
Total$7,359,445
$1,738





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$969,429
$229
Water/Sewer1,327,135
313
Electric0
0
Other Utilities0
0
Debt Service423,080
100
Transportation1,178,720
278
Public Safety2,298,492
543
Other520,218
123
Total$6,717,074
$1,586





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$2,516,497
$594
Water/Sewer Capital17,996
4
Electric Capital0
0
Other Capital508,770
120
Other Operating3,673,811
868
Total$6,717,074
$1,586





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






Last Updated 6/15/2012 11:08:48 AM