North Carolina
Department of State Treasurer
Financial Information
City of Conover



Financial Profile | General Fund | Enterprise Funds | Cash, Investments and Financing
Annual Financial Information Report Detail | Water/Sewer Information
Financial Graphs and Comparisons
Download Excel 97 Version of Financial Summary

Institute of Government North Carolina Cities Web Site

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



Municipality Revenues and Expenditures Financial Profile
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201120102009200820072006

Revenues by Source







Property Tax$4,371,832 $4,196,701 $4,196,312 $4,182,164 $3,931,456 $3,608,720


Utility 3,519,973 3,528,619 3,539,252 3,339,065 3,207,155 3,251,297


Sales Tax 1,518,032 1,457,802 1,531,043 1,780,345 1,695,608 1,541,920


Sales & Services 309,951 256,391 243,178 196,587 211,346 195,797


Intergovernmental 3,367,829 3,012,374 1,702,916 1,311,633 1,509,888 1,801,204


Debt Proceeds - - 1,917,230 1,883,364 - 1,915,000


Other Miscellaneous 89,822 966,064 468,751 700,787 870,670 575,586


Total$13,177,439 13,417,951 13,598,682 13,393,945 11,426,123 12,889,524










Expenditures by Function







Utility$2,460,004 4,089,131 2,384,246 2,443,757 2,177,705 2,437,398


Debt Service 857,777 889,170 2,763,801 914,214 936,480 2,433,479


Transportation 985,290 972,322 1,450,611 1,189,015 1,237,652 1,066,225


General Government 1,628,618 1,615,128 1,913,515 2,383,012 1,967,828 1,355,836


Public Safety 3,236,745 3,197,216 4,111,094 3,074,603 3,091,888 2,909,964


Other 3,635,643 2,737,356 2,456,337 1,637,608 1,573,923 2,625,508


Total$12,804,077 13,500,323 15,079,604 11,642,209 10,985,476 12,828,410










Expenditures by Object







Salaries & Wages$5,189,666 5,006,929 4,968,722 4,729,213 4,355,802 4,260,085


Capital Outlay 2,738,891 3,347,273 3,112,022 1,625,156 980,978 2,028,689


Other Operating + Debt Service 4,834,987 5,105,291 6,970,535 5,258,940 5,619,796 6,510,736


Total$12,763,544 13,459,493 15,051,279 11,613,309 10,956,576 12,799,510



















Per Capita Revenues by Source







Property Tax$534 517 523 528 505 472


Utility 430 435 442 421 412 425


Sales Tax 186 180 192 225 216 201


Sales & Services 38 32 30 25 27 26


Intergovernmental 412 371 212 166 194 235


Debt Proceeds - - 239 238 - 250


Other Miscellaneous 11 119 58 88 112 75


Total$1,611 1,654 1,696 1,691 1,466 1,684










Per Capita Expenditures by Function







Utility$301 504 297 308 279 319


Debt Service 105 110 345 115 120 318


Transportation 120 120 181 150 159 139


General Government 199 199 239 302 253 177


Public Safety 396 394 513 388 397 380


Other 444 338 306 207 202 343


Total$1,565 1,665 1,881 1,470 1,410 1,676










Per Capita Expenditures by Object







Salaries & Wages$634 617 620 597 559 557


Capital Outlay 335 413 388 205 126 265


Other Operating 591 630 870 664 721 851


Total$1,560 1,660 1,878 1,466 1,406 1,673










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


City of Conover Population 8,180 8,110 8,016 7,922 7,792 7,652

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$7,298,575 7,027,371 7,189,875 7,591,128 7,208,621 6,576,237

General Fund expenditures 7,302,592 7,020,194 9,262,832 7,369,278 6,686,938 8,392,531

Operating transfers in 450,000 485,390 596,887 585,402 360,268 463,000

Operating transfers out 351,184 174,204 1,340,419 703,309 655,792 585,945

Capital leases and installment purchase proceeds - - 1,917,230 - 21,680 1,915,000

Other items 11,175 6,070 - 2,628 - -

Excess of revenues and other sources over (under) expenditures and other uses 105,974 324,433 (899,259) 106,571 247,839 (24,239)










Fund balance available (FBA):







In dollars$3,796,148 3,364,411 3,139,086 3,861,199 3,961,683 3,838,823


FBA as a % of GF Net Expenditures:







Unit's FBA %49.6046.7636.1447.8354.1154.35


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$4,295,117 4,076,113 3,672,398 3,232,030 3,035,877 2,692,431


Quick ratio6.70 5.59 6.09 4.87 5.75 4.98


Net income18,191 1,875,793 405,662 174,984 532,843 715,357


Cashflow from operations1,217,242 1,039,978 1,020,171 1,255,875 1,036,196 1,028,630


Depreciation & Amortization Expense836,679 811,489 782,615 772,666 758,101 723,955


























Cash, Investments and Financing
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201120102009200820072006











Population at July 1st of the Previous Year8,1808,1108,0167,9227,7927,652


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$10,232,847 $10,365,073 $10,578,731 $12,341,222 $10,071,777 $9,972,272


Investment Earnings24,490 42,044 232,882 492,740 544,431 383,029


Tax Rate Equivalent0.00240.00400.02240.04810.05470.0398


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 200720072007200720032003


January 1, Prior Year Assessed Valuation$1,041,649,926 1,040,287,053 1,040,551,655 1,024,820,288 995,412,419 963,213,402


Tax Rate0.40000.40000.40000.40000.40000.3800


Tax Rate Group weighted average0.27780.25520.26970.26690.31160.3191


Tax Rate State Wide0.41220.40900.42620.42380.44500.4321


Assessment -to-Sales Ratio100.0097.8597.9488.8494.5896.47


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$1,041,649,926 1,063,144,663 1,062,437,875 1,153,557,281 1,052,455,508 998,459,005


EffectiveTax Rate0.40000.39140.39180.35540.37830.3666


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 Collected97.030096.150096.280097.410097.350096.9900


Percent Collected Group weighted average96.6795.4095.4195.8196.7096.72


Percent Collected Statewide97.4297.3597.3497.5697.5897.55


Percent Collected Excluding Motor Vehicles97.8196.8496.9598.2498.1697.87


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 83.9584.3885.7185.5285.0485.33


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 Uncollected328,485 363,347 377,031 343,774 310,028 328,641


Tax Rate Equivalent0.03150.03490.03620.03350.03110.0341


Dominant County: Catawba






Debt Information








Population Group5,000 to 9,9995,000 to 9,9995,000 to 9,9995,000 to 9,9995,000 to 9,9995,000 to 9,999


Ratings:







Fitch







Moody'sAa2Aa2A1A1A1A1


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$875,000 1,000,000 1,125,000 1,250,000 1,375,000 1,500,000


General Government GO Debt0 0 0 0 0 0


Total General Obligation Debt875,000 1,000,000 1,125,000 1,250,000 1,375,000 1,500,000


Per Capita$107 123 140 158 176 196


Total Per Capita for the Population Group79 89 69 71 93 117


Total Per Capita Statewide450 449 455 456 478 495


Total per Assessed Valuation Adjusted for Current Year Sales0.0840%0.0941%0.1059%0.1084%0.1306%0.1502%


Total per Assessed Valuation Adjusted for Current Year Sales- Group Average0.0680%0.0786%0.0531%0.0577%0.0861%0.1199%


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 0 0


--General Government0 35,703 105,116 2,055,317 307,367 438,180


Total*$0 35,703 105,116 2,055,317 307,367 438,180


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




Revenue Bond Debt $1,431,537 1,726,113 1,114,000 1,365,400 1,616,800 1,868,200


















Annual Financial Information Report Detail
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LineSectionDescription201120102009200820072006

Population at July 1st of the Previous Year Adjusted for Boundry Changes8,1808,1108,0167,9227,7927,652









1.5AFISCAL Governmental Activities Assets36,066,46933,776,36932,842,35332,950,04630,547,26129,178,742
1.5BSUMMARYGovernmental Activities Liabilities5,212,4684,893,7754,931,9875,109,5543,219,0263,475,983
3.5A
Business Type Activities Assets32,671,05933,219,02630,826,52630,924,30131,005,08130,599,779
3.5B
Business Type Activities Liabilties2,670,7213,233,4392,706,5903,203,6333,464,1723,957,823
6.5A
Fiduciary Funds Assets192,023242,211270,213261,428248,075232,825
6.5B
Fiduciary Funds Liabilties860985



10.0PART 2Current Collections of Unit -Wide Levy4,137,1484,082,8234,092,2184,103,8553,843,9863,551,718
11.0TAXCurrent Collections of Special Tax Districts

80,12875,58968,54850,869
12.0REVENUESPrior Years' Levy Collections195,23292,21685,40864,14370,67944,560
13.0
Penalties and Interest39,45221,66218,68614,16616,79112,442
14.0
Collections of Taxes Previously Written Off





15.0
Animal Tax





15.1
Solid Waste Disposal Tax5,498




16.0
1% Local Government Option Sales Tax662,578625,796660,056802,167738,135677,555
17.0
1/2% Local Government Option Sales Tax (40)294,876286,816299,671332,510325,444291,293
18.0
1/2% Local Government Option Sales Tax (42)317,936312,246295,927328,949322,058288,596
18.5
1/2% Local Government Option Sales Tax (44)242,642232,944275,389316,719309,971284,476
19.0
Privilege Licenses3,5692,7403,7833,2533,1962,897
19.2
Privilege -- All other privileges and pemits





20.0
Auto Licenses





21.0
Vehicle Tax for Public Transportation





22.0
Other Licenses

84,16280,916107,66763,360
23.0
Local Occupancy Tax





24.0
Prepared Food Tax





25.0
911 Charges





26.0
Gross Short Term lease and Rental Tax1,6861,3091,4851,4042,0711,618
27.0FEDERALPayments In Lieu of Taxes - Federal





28.0INTERGOVEquitable Sharing of Fed. Forfeited Prop.1,52611,2401,6856,2423,804
29.0REVENUESGeneral Government2,031,536458,770



30.0
Public Safety

83,29525,288215,57950,391
31.0
Transportation - Streets


5,60844,158
32.0
Transportation - All Other





33.0
Environmental Protection
33,655



34.0
Econ. & Phys. Dev. - Housing/Comm. Dev.
349,663458,26822,723

35.0
Econ. & Phys. Dev. - All Other27,690863,512

69,509280,000
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 Tax2,6375,3182,0173,11910,5813,445
41.0REVENUESTransitional Hold Harmless192,556192,856154,432161,857178,792200,332
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 Distribution65,66375,00086,68890,47591,61390,782
44.0
Utility Franchise Tax697,846701,699615,465627,859584,947578,237
45.0
Beer and Wine Tax35,74411,43335,57835,89334,57733,171
46.0
Powell Bill237,627230,937259,340287,585254,002255,539
50.0
Court Fees - Facilities and Arrest Fees5,0275,1133,6483,6053,8195,567
51.0
General Government15,206



2,500
52.0
Public Safety47,59770,678
2,308
1,240
53.0
Transportation - Streets





54.0
Transportation - All Other


20,000

55.0
Environmental Protection


14,071

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





57.0
Econ. & Phys. Dev. - All Other




300,000
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 Government2,5002,5002,5005,0009,780
63.0REVENUESPublic Safety4,674


8,727
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 Recreation





71.0PERMITS Building Permits





72.0& FEESInspection Fees11,000




72.1
Amusements licensing and permit taxes





73.0
Other Permits6,3312,474



74.0SALES &Parking Revenues





75.0SERVICESRents and Royalties72,19170,20764,46464,46463,72366,391
76.0
Airport





77.0
Fire Protection Charges


16,43416,43516,270
78.0
Solid Waste214,078153,454149,09695,44693,68491,815
79.0
Ambulance and Rescue Squad Charges





80.0
Cemeteries14,40017,35017,90013,00013,72516,700
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 Services9,28215,38011,7187,24323,7794,621
86.0UTILITYWater and Sewer Charges3,519,9733,528,6193,539,2523,339,0653,207,1553,251,297
87.0REVENUESElectric Charges





88.0
Gas Charges





88.1
Storm Water Fees





89.0MISC.Investment Earnings - Bond Proceeds





90.0REVENUESInvestment Earnings - All Other Funds24,49042,044232,882492,740544,431383,029
91.0
Special Assessments




500
92.0
Private Contributions and Donations
1,000
2,34023,75025,855
93.0
Sales of Materials and Fixed Assets11,25728,13535,44916,83871,662
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 Revenues25,99124,84930,86227,70728,20325,660
99.0
Proceeds of Sale of Bonds and Notes





100.0
Proceeds of Capital Leases/Install Purchases

1,917,2301,883,364
1,915,000
101.0
Other
863,513

21,14221,798
102.0NON-REVSchool - Current Levy Collections





103.0RECEIPTSPrior Years' Levy Collections





104.0
Tax Collections for Other Units





105.0
Utilities Customer's Deposits5,03210,9237,97819,08524,927202
106.0
Deposits Other than Utility-1,399-5,69916,387-6,723-30,7166,097
107.0
Prepaid Taxes2443,2711,101
-2,9602,960
108.0
Prepaid Privilege Licenses1,57012-733321-6213
109APART 4Governing Body - Salaries & Wages





109BGENERALGoverning Body - Other Direct96,535119,459123,365119,040133,124102,274
109CGOVTGoverning Body - Construction





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





110A
Administration - Salaries & Wages470,265464,948496,227471,782449,987444,293
110B
Administration - Other Direct96,77391,351107,584138,812138,377158,257
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 & 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 Direct44,05536,68165,63560,83730,94015,295
114C
Legal - Construction





114D
Legal - Purchase of P,P&E





115A
Public Buildings - Salaries & Wages





115B
Public Buildings - Other Direct96,52385,400100,67996,683487,12282,890
115C
Public Buildings - Construction

82,240
13,69537,968
115D
Public Buildings - Purchase of P,P&E30,000




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 & Wages527,600508,900510,019472,388410,296369,943
118B
Gen. Govt. All Other - Other Direct261,512308,389402,582341,585229,053139,921
118C
Gen. Govt. All Other - Construction


674,270

118D
Gen. Govt. All Other - Purchase of P,P&E5,355
25,1847,61575,2344,995
119APUBLICPolice & Comm - Traffic Control - Salaries and Wages1,375,1791,320,8091,311,4051,322,2491,192,7661,199,670
119BSAFETYPolice & Comm - Traffic Control - Other Direct328,706288,186320,447360,333300,951334,481
119C
Police & Comm - Traffic Control - Construction

1,043,311115,910

119D
Police & Comm - Traffic Control - Purchase of P,P&E230,53469,030159,58776,73593,29892,813
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 & Wages856,952807,491797,141720,360640,359585,098
122B
Fire - Other Direct329,584285,892317,367365,666649,894511,768
122C
Fire - Construction49,50012,700

6,294106,352
122D
Fire - Purchase of P,P&E15,483364,536110,71562,753163,25833,869
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 & Wages248,777266,269271,474250,782241,923210,904
128B
Streets and Highways - Other Direct488,114462,733533,879528,596525,722491,897
128C
Streets and Highways - Construction


80,180
65,282
128D
Streets and Highways - Purchase of P,P&E

264,62360,704259,69759,185
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 & Wages96,85788,64587,28181,36079,31086,002
130B
Powell Bill - Other Direct151,542154,675164,640143,771131,000140,440
130C
Powell Bill - Construction





130D
Powell Bill - Purchase of P,P&E

128,71443,622
12,515
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 & Wages375,694339,954385,309350,538334,571335,519
136BMENTALSolid Waste - Other Direct271,741286,380302,355291,025268,303276,892
136CPROTECTIONSolid Waste - Construction





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

142,899151,895173,02658,895
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 & Wages197,347188,189167,850184,401162,673151,297
138B
Cemeteries - Other Direct101,027102,311129,909112,242107,663116,710
138C
Cemeteries - Construction



2,825
138D
Cemeteries - Purchase of P,P&E

6,0557,629

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 & Wages180,199184,116182,092179,381152,636149,662
140B& PHYSICALPlanning & Zoning - Other Direct55,24646,47357,949109,77578,23668,855
140CDEVELOPPlanning & Zoning - Construction





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


21,314

141A
Economic Development - Salaries & Wages





141B
Economic Development - Other Direct68,44885,50458,72356,81953,82655,349
141C
Economic Development - Construction2,287,9211,037,970440,566
91,683757,931
141D
Economic Development - Purchase of P,P&E


11,55121,743
142A
Community Development - Salaries & Wages





142B
Community Development - Other Direct





142C
Community Development - Construction
10,055485,03828,733

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





143A
Housing & Urban Renewal - Salaries & Wages





143B
Housing & Urban Renewal - Other Direct
345,126



143C
Housing & Urban Renewal - Construction





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




540,227
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 & Wages





153BRECREATIONRecreation & Parks - Other Direct





153C
Recreation & Parks - Construction





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





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 & Wages860,796837,608759,924695,972691,281727,697
158B
Water & Sewer - Other Direct 1,479,1101,398,5411,401,2321,465,5401,406,1991,451,044
158C
Water & Sewer - Construction88,3071,799,165120,68286,89821,082156,197
158D
Water & Sewer - Purchase of P,P&E31,79153,817102,408195,34759,143102,460
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 & Fees81,540437,783
131,858148,905165,904
161DSERVICEWater & Sewer - Principal458,67497,612
457,450462,668461,290
162B
Electric - Interest & Fees

458,927


162D
Electric - Principal

114,761


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 & Fees174,870172,2722,031,185111,581119,14064,616
166D
All Other - Principal142,693181,503158,928213,325205,7671,741,669
167BPENSIONDirect Benefit Program - Other Direct





168BFRINGEFringe Benefits Unallocated





169B
Separation Allowance - Law Enforcement





170B
Separation Allowance - Other Employees





171B
Supplemental Retirement - Law Enforcement50,80748,57251,12150,59745,06845,913
172B
Fringe Benefits Other-18,1843,61214,3403,02110,366
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 - RecipientWestern Piedmont TransistWestern Piedmont TransistWestern Piedmont TransitWestern Piedmint TransistPiedmont WagonCity of Hickory
176B
Other - Intergovt. Expenditures - Item #132132132132132132
176C
Other - Intergovt. Expenditures - Amount52,33152,33155,08577,90283,00062,500
177A
Other - Intergovt. Expenditures - RecipientCity of HickoryCity of HickoryCity of HickoryHickory Water Plant Exp.Hickory Water Plant Expan.City of Hickory
177B
Other - Intergovt. Expenditures - Item #158158158158158158
177C
Other - Intergovt. Expenditures - Amount5,1579,93310,57011,16311,81712,405
178A
Other - Intergovt. Expenditures - RecipientCity of NewtonCity of NewtonCity of NewtonNewton Sewer Plant capacityNewton Sewer PlantCity of Newton
178B
Other - Intergovt. Expenditures - Item #158158158158158158
178C
Other - Intergovt. Expenditures - Amount40,53340,83028,32528,90028,90028,900
179.0
Current year's levy -- Excluding motor vehicles4,023,200.4,009,595.003,995,281.003,938,799.003,706,682.003,405,990.00
180.0
Current year's levy -- Motor vehicles (only)240,520.236,780.00255,219.00274,269.00241,754.00255,953.00
181.0PART 6Uncollected Taxes - Current Year's Levy Except Mot Veh87,965.126,567.00121,812.0069,505.0068,274.0072,688.00
182.0OTHERUncollected Taxes - CY Levy -Motor Vehicles38,60836,98536,46939,70836,17737,537
183.0DATAPercentage of Taxes Collected - All Property %97.0396.1596.2897.4197.3596.99
184.0DATAPercentage of Taxes Collected - Exclude Motor Vehicles%97.8196.8496.9598.2498.1697.87
185.0
Percentage of Taxes Collected - Motor Vehicles %83.9584.3885.7185.5285.0485.33
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 Other10,232,84710,365,07310,578,73112,341,22210,071,7779,972,272
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 Revenues14,736,17915,151,62916,827,58715,374,64713,577,03115,052,835
194BFISCALAmount - Subtract Refunding Bond Proceeds





194CSUMMARYAmount - Subtract Interfund Transfers In1,558,7401,733,6783,228,9051,980,7022,150,9082,163,311
194D
Amount - Net Revenues13,177,43913,417,95113,598,68213,393,94511,426,12312,889,524


Calculated amount13,177,43913,417,95113,598,68213,393,94511,426,12312,889,524


Amounts in AGREEMENT??YesYesYesYesYesYes


Difference





195A
Amount - Total Expenditures14,362,81715,234,00118,308,50913,622,91113,136,38414,991,721
195B
Amount - Subtract Pymts. to Refunded Debt Agent





195C
Amount - Subtract Interfund Transfers Out1,558,7401,733,6783,228,9051,980,7022,150,9082,163,311
195D
Amount - Net Expenditures12,804,07713,500,32315,079,60411,642,20910,985,47612,828,410


Calculated amount12,804,07713,500,32315,079,60411,642,20910,985,47612,828,410


Amounts in AGREEMENT??YesYesYesYesYesYes


Difference














401APart 10Number of residential accounts billed Water



5,431
401BWater /Number of residential accounts billed Sewer



3,345
402ASewer Amount processed and/or purchased in units Water743,804705,863,074551,582779682,814
402BOperationsAmount processed and/or purchased in units Sewer463,270533,234,559483,260433300,055
403A
Total amount billed in units - Water521,896488,717,888525,397577,580551,528
403B
Total amount billed in units - Sewer293,285256,468,594270,461295,916286,179
404A
Of the total in 403A above how many units were Residential W278,613260,091,629264,974297,556261,083
404B
Of the total in 403B above how many units were Residential S151,241147,689,863149,883166,519152,870
405A
Of the total in 403 above, how many units were Outside Muni W



103,532
405B
Of the total in 403 above, how many units were Outside Muni S



2,139
406A
Of the total in 405A above how many units were Residential W



88,346
406B
Of the total in 405B above how many units were Residential S



2,139
407A
Of the total in 403A, how many units were sold for redistribution



125,667
407B
Of the total in 403B how many unit were delivered in bulk





408A
Dollars related to 403A above1,843,7861,691,0121,731,3581,589,9561,496,118
408B
Dollars related to 403B above1,661,5951,526,0091,540,7771,490,3201,106,744
409A
Dollars related to 404A above1,331,7871,227,2751,181,6821,127,4211,027,815
409B
Dollars related to 404B above782,365752,666751,708760,241712,601
410A
Dollars related to 405A above



516,378
410B
Dollars related to 405B above



18,924
411A
Dollars related to 406A above



480,318
411B
Dollars related to 406B above



18,924
412A
Dollars related to 407A above



122,147
412B
Dollars related to 407B above





421A
Number of residential accounts billed - Water4,8915,4655,2705,238

421B
Number of residential accounts billed - Sewer3,0343,5093,1043,080

422A
Number of non-residential & bulk accounts billed - Water574574636629

422B
Number of non-residential & bulk accounts billed - Sewer475475515508

423A
Estimated percentage of accounts outside of municipal limits
































950.0
OfficialVickie Schlichting

951.0
TitleFinance Director

952.0
Date10/20/201110/25/2010Novermber 9, 200911/14/200810/29/200711/07/2006
953.0
ContactVickie Schlichting

954.0
TitleFinance Director

955.0
Phone828-464-1191




956.0
Fax828-465-5177




957.0
E-Mail:


















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Key Ratios and Operations Statistics of Water and Sewer Systems for



City of Conover













201120102009200820072006








Population
8,1808,1108,0167,9227,7927,652
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
$3,481,7553,344,8023,279,3253,250,9633,222,9013,242,949
Total Operating Revenues Per Capita
$426412409410414424
Group Weighted Average Revenues Per Capita465442409396397412
State Weighted Average Revenues Per Capita404384353365367356








% to Total Operating Revenues






Operating Expenses
92.69%91.12%87.98%91.59%89.86%90.81%
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
7.31%8.88%12.02%8.41%10.14%9.19%
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%2.90%0.11%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
5.97%7.47%8.16%7.69%8.28%8.09%
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
-0.67%-1.76%4.75%-0.69%-0.09%-2.46%
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
6.705.596.094.875.754.98
Group Weighted Average
3.362.993.223.123.263.67
State Weighted Average
3.483.202.812.962.902.82








Days Sales in Receivables
39.139.135.135.537.834.6
Group Weighted Average
53.357.765.252.352.853.8
State Weighted Average
54.458.958.655.260.057.8








Days Cash on Hand
712.3710.9691.0616.5566.8498.1
Group Weighted Average
360.2368.6384.6439.3462.7413.2
State Weighted Average
505.4465.8424.9457.2497.5457.2








Cash flow from Operations
$1,217,2421,039,9781,020,1711,255,8751,036,1961,028,630








Debt to Equity
0.080.090.090.100.120.14
Group Weighted Average
0.410.400.400.310.280.25
State Weighted Average
0.600.600.570.560.560.52








Debt per Capita
284343299355420488
Group Weighted Average
924863806631533484
State Weighted Average
1,2821,2531,1291,1391,101988








Capital Expenditures:
201120102009200820072006


$120,0981,852,982223,090282,24580,225258,657










2005200420032002



$751,850428,466480,675239,444









Capital Contributions: Excluded from income above
$41,3451,934,723249,959197,408535,742795,284
















Operating Statistics














Estimated population of the areas served Water00005,431NA
Estimated population of the areas served Sewer00003,345NA








Number of Gallons of Water Processed (000) omitted743,804705,863,074551,582779682,814NA
Number of Gallons of Sewage Processed (000) omitted463,270533,234,559483,260433300,055NA








Number of Gallons of Water Billed (000) omitted521,896488,717,888525,397577,580551,528NA
Number of Gallons of Sewage Billed (000) omitted293,285256,468,594270,461295,916286,179NA








Ratio of Water Billed to Water Processed0.701660.692370.95253741.437740.80773NA
Ratio of Sewage Billed to Sewage Processed0.633080.480970.55966683.408780.95376NA








Total Revenue from Water Sales1,843,7861,691,0121,731,3581,589,9561,496,118NA
Total Revenue from Sewage Sales1,661,5951,526,0091,540,7771,490,3201,106,744NA








Water Revenue per 1000 gallons of Sales




275.47744NA
Sewage Revenue per 1000 gallons of Sales




330.86517NA








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$4.780070.004724.459613.788943.93674NA
Residential Sewage Sales per thousand Gallons$5.172970.005105.015304.565494.66148NA








Water Sales per thousand Gallons outside Municipal Limits



4.98762NA
Sewage Sales per thousand Gallons outside Municipal Limits



8.84712NA








Total Water Sales per thousand gallons for Redistribution$0.000000.000000.000000.00000122,147.00000NA
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 %54.11%47.83%36.14%46.76%49.60%
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
Municipality97.35%97.41%96.28%96.15%97.03%
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
Municipality176158140123107
Pop. Group9371698979
Statewide478456455449450






Municipal Population Group: 5,000 to 9,999






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Analysis of Revenue

20072008200920102011
Property Tax$505528523517534
Utility412421442435430
Sales Tax216225192180186
Sales & Services2725303238
Intergovernmental194166212371412
Debt Proceeds023823900
Other Miscellaneous112885811911
Total$1,4661,6911,6961,6541,611

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Analysis of Revenue for Fiscal 2011











2011
2011
CategoryRevenue
Per Capita
Property Tax$4,371,832
$534
Water/Sewer3,519,973
430
Electric0
0
Other Utilities0
0
Sales Tax1,518,032
186
Sales & Services309,951
38
Intergovernment3,367,829
412
Debt Proceeds0
0
Miscellaneous89,822
11
Total$13,177,439
$1,611





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$1,628,618
$199
Water/Sewer2,460,004
301
Electric0
0
Other Utilities0
0
Debt Service857,777
105
Transportation985,290
120
Public Safety3,236,745
396
Other3,635,643
444
Total$12,804,077
$1,565





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$5,189,666
$634
Water/Sewer Capital120,098
15
Electric Capital0
0
Other Capital2,618,793
320
Other Operating4,834,987
591
Total$12,763,544
$1,560





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






Last Updated 6/15/2012 11:11:29 AM