North Carolina
Department of State Treasurer
Financial Information
Town of Cornelius



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

Institute of Government North Carolina Cities Web Site

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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$9,983,272 $9,930,887 $9,493,370 $9,088,881 $8,610,559 $7,700,788


Utility 5,147,060 4,611,403 4,337,916 5,066,388 4,348,319 4,040,184


Sales Tax 2,124,137 2,166,112 2,274,258 2,596,339 2,340,783 2,217,266


Sales & Services 357,728 6,246 338,510 343,120 295,682 246,331


Intergovernmental 3,084,856 4,284,851 3,143,966 2,486,837 2,320,984 1,949,496


Debt Proceeds 2,560,000 3,900,000 544,665 1,750,000 3,475,670 1,239,500


Other Miscellaneous 2,363,226 2,529,323 2,476,845 3,223,322 3,465,830 2,798,452


Total$25,620,279 27,428,822 22,609,530 24,554,887 24,857,827 20,192,017










Expenditures by Function







Utility$4,557,866 4,484,110 4,462,930 4,363,169 3,758,635 3,514,502


Debt Service 2,693,334 2,555,556 2,694,376 4,330,754 2,504,138 2,925,358


Transportation 6,625,126 4,619,080 2,505,342 2,531,863 2,761,397 2,357,259


General Government 1,706,979 2,079,626 1,839,183 1,678,739 1,516,876 1,435,555


Public Safety 6,674,839 6,994,922 6,106,648 7,532,067 5,444,935 4,691,929


Other 6,777,798 5,158,847 4,597,909 4,432,502 4,791,193 4,258,400


Total$29,035,942 25,892,141 22,206,388 24,869,094 20,777,174 19,183,003










Expenditures by Object







Salaries & Wages$7,131,234 6,587,282 4,773,385 4,564,989 4,345,494 3,889,059


Capital Outlay 8,793,778 6,691,547 3,133,755 5,432,299 3,917,129 2,851,352


Other Operating + Debt Service 13,110,930 12,613,312 13,831,995 14,871,806 12,514,551 12,442,592


Total$29,035,942 25,892,141 21,739,135 24,869,094 20,777,174 19,183,003



















Per Capita Revenues by Source







Property Tax$400 400 397 396 405 449


Utility 206 186 181 221 205 236


Sales Tax 85 87 95 114 109 130


Sales & Services 14 - 14 15 14 14


Intergovernmental 123 172 131 108 109 114


Debt Proceeds 102 157 23 76 164 72


Other Miscellaneous 95 102 104 140 163 163


Total$1,025 1,104 945 1,070 1,169 1,178










Per Capita Expenditures by Function







Utility$182 180 187 190 177 205


Debt Service 108 103 113 189 118 171


Transportation 265 186 105 110 130 137


General Government 69 83 76 74 71 84


Public Safety 267 282 255 328 256 274


Other 271 208 192 193 225 248


Total$1,162 1,042 928 1,084 977 1,119










Per Capita Expenditures by Object







Salaries & Wages$285 265 199 199 204 227


Capital Outlay 352 269 131 237 184 166


Other Operating 525 508 578 648 589 726


Total$1,162 1,042 908 1,084 977 1,119










Population GroupElectric 10,000 to 49,999 Electric 10,000 to 49,999 Electric 10,000 to 49,999 Electric 10,000 to 49,999 Electric 10,000 to 49,999 Electric 10,000 to 49,999


Number of Municipalites in Group 22 23 22 22 22 22


Average Population In Group 22,715 20,466 20,622 22,003 21,233 20,452


Town of Cornelius Population 24,984 24,847 23,929 22,946 21,256 17,144

Group Average Per Capita Revenues by Source







Property Tax 415 404401365353344


Utility 2,002 1,7591,7421,8971,8361,894


Sales Tax 126 128143155155150


Sales & Services 136 11611111010497


Intergovernmental 203 216193172183211


Debt Proceeds 69 102317276201125


Other Miscellaneous 87 114127150178155


Total 3,038 2,8393,0343,1253,0102,976










Group Average Per Capita Expenditures by Function







Utility 1,850 1,7081,8151,9071,8171,915


Debt Service 175 175166147136192


Transportation 138 147121120116119


General Government 144 197184157136134


Public Safety 414 412412393374363


Other 299 283340357288270


Total 3,020 2,9223,0383,0812,8672,993










Group Average Per Capita Expenditures by Object







Salaries & Wages 634 628628623586561


Capital Outlay 239 358440429329352


Other Operating 2,147 1,9361,9692,0281,9522,080


Total 3,020 2,9223,0373,0802,8672,993


















General Fund
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201120102009200820072006

General Fund revenues$17,762,151 18,260,505 17,586,574 17,680,079 16,313,337 14,778,064

General Fund expenditures 17,278,589 17,696,364 17,068,465 17,717,229 15,097,437 13,747,413

Operating transfers in 11,131 - - - - -

Operating transfers out 2,001,234 680,000 1,671,876 1,252,042 1,334,327 1,206,273

Capital leases and installment purchase proceeds 110,000 399,553 544,665 1,750,000 475,670 410,000

Other items - - 79,814 - - -

Excess of revenues and other sources over (under) expenditures and other uses (1,396,541) 283,694 (529,288) 460,808 357,243 234,378










Fund balance available (FBA):







In dollars$8,199,279 9,564,737 8,970,029 9,782,762 9,352,225 9,388,238


FBA as a % of GF Net Expenditures:







Unit's FBA %42.7753.2149.3056.8158.6164.55


Group weighted average FBA %37.8538.2139.9638.6937.0140.17


State weighted average Electric Group34.7233.6034.3235.3233.9235.62


State weighted average FBA %39.5337.4737.0336.3436.5436.96

















Enterprise Funds:
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Electric













Combined financial results:







Working capital$932,373 552,426 776,567 814,916 450,686 264,318


Quick ratio2.31 1.49 2.22 2.61 1.53 1.17


Net income351,456 258,789 42,120 986,764 430,060 216,253


Cashflow from operations732,584 480,665 413,596 1,177,885 673,824 464,606


Depreciation & Amortization Expense326,898 313,280 288,786 252,781 240,169 231,059


























Cash, Investments and Financing
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201120102009200820072006











Population at July 1st of the Previous Year24,98424,84723,92922,94621,25617,144


Population GroupElectric 10,000 to 49,999 Electric 10,000 to 49,999 Electric 10,000 to 49,999 Electric 10,000 to 49,999 Electric 10,000 to 49,999 Electric 10,000 to 49,999


Cash &Investments$13,753,339 $18,175,028 $19,029,139 $16,777,632 $17,422,085 $11,948,210


Investment Earnings97,582 123,040 281,657 721,699 740,873 517,141


Tax Rate Equivalent0.00250.00320.00750.02000.02170.0163


Tax Rate Equivalent Group weighted average0.00730.01050.03040.07070.07930.0520


Tax Rate Equivalent Statewide weighted average0.03170.02470.01330.05240.09200.0573


Latest year of Revaluation 200320032003200320032003


January 1, Prior Year Assessed Valuation$3,849,696,032 3,848,974,435 3,753,766,045 3,601,984,969 3,408,181,329 3,163,928,940


Tax Rate0.27500.27500.27500.27500.27500.2600


Tax Rate Group weighted average0.44100.43640.44110.44980.44540.4425


Tax Rate State Wide0.41220.40900.42620.42380.44500.4321


Assessment -to-Sales Ratio96.0088.9382.9087.3393.7695.06


Assessment -to-Sales Ratio Group weighted average101.3196.9388.6787.5590.1392.19


Assessment -to-Sales Ratio Statewide101.4798.2790.8188.5388.4192.28


Assessed Valuation Adjusted for Assesment to Sales Ratio$4,010,100,033 4,328,094,496 4,528,065,193 4,124,567,696 3,635,005,684 3,328,349,400


EffectiveTax Rate0.26400.24460.22800.24020.25780.2472


Group weighted average Effective Tax Rate0.44680.42300.39110.39380.40150.4080


Statewide weighted average Effective Tax Rate0.41830.40200.38700.37520.39340.3987


Percent Collected98.290098.160097.400097.890097.980097.9000


Percent Collected Group weighted average96.7896.7596.5496.7996.5196.74


Percent Collected Statewide97.4297.3597.3497.5697.5897.55


Percent Collected Excluding Motor Vehicles98.6898.6898.1098.6698.7798.78


Percent Collected Excluding Motor Vehicles Group weighted average97.6897.5497.5798.0397.7398.00


Percent Collected Excluding Motor Vehicles Statewide weighted average98.2598.2398.3098.6598.5998.61


Percent Collected Motor Vehicles Only 92.9391.2290.7691.0490.9790.10


Percent Collected Motor Vehicles Only Group weighted average86.3286.1284.7283.9484.2185.28


Percent Collected Motor Vehicles Only Statewide weighted average 86.4186.3886.5586.7486.7186.80


Tax Uncollected852,114 858,679 1,188,152 1,155,955 1,073,957 955,217


Tax Rate Equivalent0.02210.02230.03170.03210.03150.0302


Dominant County: Mecklenburg






Debt Information








Population Group10,000 to 24,99910,000 to 24,99910,000 to 24,99910,000 to 24,99910,000 to 24,99910,000 to 24,999


Ratings:







FitchAAAAAAAAAAAA


Moody's







S & PAAAAAAAAAAAAAA











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 Debt1,975,000 2,075,000 2,200,000 2,300,000 2,400,000 2,500,000


Total General Obligation Debt1,975,000 2,075,000 2,200,000 2,300,000 2,400,000 2,500,000


Per Capita$79 84 92 100 113 146


Total Per Capita for the Population Group111 132 130 153 166 163


Total Per Capita Statewide450 449 455 456 478 495


Total per Assessed Valuation Adjusted for Current Year Sales0.0493%0.0479%0.0486%0.0558%0.0660%0.0751%


Total per Assessed Valuation Adjusted for Current Year Sales- Group Average0.1155%0.1377%0.1320%0.1585%0.1868%0.1912%


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


Total Authorized but not Issued General Obligation Debt
















Installment Sales Purchases and Lease Obligations







--Enterprise$0 0 0 0 44,274 297,658


--General Government12,233,333 11,519,336 11,767,196 12,064,580 13,492,698 11,832,757


Total*$12,233,333 11,519,336 11,767,196 12,064,580 13,536,972 12,130,415


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




Revenue Bond Debt $0 0 0 0 0 0


















Annual Financial Information Report Detail
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LineSectionDescription201120102009200820072006

Population at July 1st of the Previous Year Adjusted for Boundry Changes24,98424,84723,92922,94621,25617,144









1.5AFISCAL Governmental Activities Assets57,995,07655,622,74252,150,86647,912,92549,430,30442,878,221
1.5BSUMMARYGovernmental Activities Liabilities16,497,25016,551,55116,813,03516,646,25518,573,54015,865,032
3.5A
Business Type Activities Assets6,704,7496,397,4506,079,0665,954,2945,055,5314,885,294
3.5B
Business Type Activities Liabilties475,241519,398459,803377,151465,152724,975
6.5A
Fiduciary Funds Assets





6.5B
Fiduciary Funds Liabilties





10.0PART 2Current Collections of Unit -Wide Levy9,808,6709,723,2969,336,7318,954,5488,486,6597,484,060
11.0TAXCurrent Collections of Special Tax Districts





12.0REVENUESPrior Years' Levy Collections107,158133,57498,28681,37173,880159,959
13.0
Penalties and Interest67,44474,01758,35352,96250,02056,769
14.0
Collections of Taxes Previously Written Off





15.0
Animal Tax3,660




15.1
Solid Waste Disposal Tax16,55416,5126,906


16.0
1% Local Government Option Sales Tax1,051,9311,090,8921,140,3561,338,7801,208,2621,131,620
17.0
1/2% Local Government Option Sales Tax (40)352,491348,209367,865390,760351,669318,441
18.0
1/2% Local Government Option Sales Tax (42)509,643475,240362,091384,953346,526314,273
18.5
1/2% Local Government Option Sales Tax (44)210,072251,771403,946481,846434,326452,932
19.0
Privilege Licenses
5,564102,981160,809110,949108,329
19.2
Privilege -- All other privileges and pemits65,27949,325



20.0
Auto Licenses911,893892,858957,160980,093905,818802,853
21.0
Vehicle Tax for Public Transportation





22.0
Other Licenses19,28020,05919,69732,096103,848151,850
23.0
Local Occupancy Tax192,887178,553203,152253,764246,862244,013
24.0
Prepared Food Tax262,331271,263309,702319,593348,476241,534
25.0
911 Charges



133,518119,929
26.0
Gross Short Term lease and Rental Tax177,719151,347168,656190,905145,03253,923
27.0FEDERALPayments In Lieu of Taxes - Federal





28.0INTERGOVEquitable Sharing of Fed. Forfeited Prop.48,364




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.



552,71899,000
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
351,776



39.0STATEPayments In Lieu of Taxes - State





40.0INTERGOVUnauthorized Substance Tax2,441135,8835,8933,6532,60365,023
41.0REVENUESTransitional Hold Harmless





42.0
Wireless Enhanced 911 Service Charges

313,888263,613155,193139,447
42.1
Emergency Telephone Services Fund (ETSF) Revenues (Do not include interest)288,711288,711



42.2
ETSF Interest Income4,6763,932



43.0
Piped Natural Gas Charge Distribution





44.0
Utility Franchise Tax1,316,1111,821,3661,099,8591,016,328773,967653,175
45.0
Beer and Wine Tax109,51034,316103,05097,91477,40371,674
46.0
Powell Bill623,477600,392655,120683,064516,846493,884
50.0
Court Fees - Facilities and Arrest Fees





51.0
General Government





52.0
Public Safety171,818309,685418,445287,043228,316
53.0
Transportation - Streets





54.0
Transportation - All Other

30,69112,538

55.0
Environmental Protection13,82539,466
37,684

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

172,866


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 Recreation192,883307,117
65,5001,8932,092
61.0LOCALPayments in Lieu of Taxes - Local





62.0INTERGOVGeneral Government





63.0REVENUESPublic Safety295,19011,639344,154

350,201
64.0
Transportation - Streets
360,985



65.0
Transportation - All Other



12,045
66.0
Environmental Protection





67.0
Economic and Physical Development12,85015,000
19,500
75,000
68.0
Human Services - Health, Mental Hlt & Hosp





69.0
Human Services - All Other





70.0
Culture and Recreation5,0004,583



71.0PERMITS Building Permits35,89454,007



72.0& FEESInspection Fees





72.1
Amusements licensing and permit taxes





73.0
Other Permits

70,247127,87297,03480,656
74.0SALES &Parking Revenues





75.0SERVICESRents and Royalties5,4116,2465,60010,65514,1457,628
76.0
Airport





77.0
Fire Protection Charges





78.0
Solid Waste





79.0
Ambulance and Rescue Squad Charges





80.0
Cemeteries





81.0
Recreation Service Revenues352,317
332,910332,465281,537238,703
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 Charges





87.0REVENUESElectric Charges4,786,9034,267,3803,998,0994,753,9044,050,7213,760,433
88.0
Gas Charges





88.1
Storm Water Fees360,157344,023339,817312,484297,598279,751
89.0MISC.Investment Earnings - Bond Proceeds





90.0REVENUESInvestment Earnings - All Other Funds97,582123,040281,657721,699740,873517,141
91.0
Special Assessments





92.0
Private Contributions and Donations269,054328,518
153,781349,770277,860
93.0
Sales of Materials and Fixed Assets12,6314,980
2,500

94.0
Sale of Real Property





95.0
Nongovt Contr For Streets & Traffic Signals





96.0
ABC Mixed Drink Surcharge





97.0
ABC Profit Distribution55,26052,63270,75044,62542,50042,500
98.0
Other Miscellaneous Revenues243,202380,665206,123235,585241,150157,864
99.0
Proceeds of Sale of Bonds and Notes
2,075,000



100.0
Proceeds of Capital Leases/Install Purchases2,560,0001,825,000544,6651,750,0003,475,6701,239,500
101.0
Other

79,814


102.0NON-REVSchool - Current Levy Collections





103.0RECEIPTSPrior Years' Levy Collections





104.0
Tax Collections for Other Units





105.0
Utilities Customer's Deposits9,75412,040-1,1067,9174,281-21,619
106.0
Deposits Other than Utility





107.0
Prepaid Taxes





108.0
Prepaid Privilege Licenses





109APART 4Governing Body - Salaries & Wages52,89452,89416,99349,56747,93342,256
109BGENERALGoverning Body - Other Direct14,77215,90252,05118,76716,56418,196
109CGOVTGoverning Body - Construction





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





110A
Administration - Salaries & Wages1,026,1711,007,937712,630699,135691,134598,990
110B
Administration - Other Direct402,828882,1501,005,200866,172761,245654,252
110C
Administration - Construction





110D
Administration - Purchase of P,P&E141,543120,74352,30945,098

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 Direct





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 Direct68,771



121,861
118C
Gen. Govt. All Other - Construction





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





119APUBLICPolice & Comm - Traffic Control - Salaries and Wages3,189,1122,853,7381,918,2241,835,4041,816,9891,647,253
119BSAFETYPolice & Comm - Traffic Control - Other Direct697,708716,0851,180,6891,005,819996,9211,029,449
119C
Police & Comm - Traffic Control - Construction





119D
Police & Comm - Traffic Control - Purchase of P,P&E225,904654,702468,971287,80228,224
120A
Emergency Communications - Salaries & Wages

432,005447,619390,897382,667
120B
Emergency Communications - Other Direct

283,766314,615284,922284,093
120C
Emergency Communications - Construction





120D
Emergency Communications - Purchase of P,P&E

68,34163,082

120B
Emergency Telephone Service Fund (ETSF) Expenditures - Operating61,28482,490



120C
ETSF Expenditures - Capital Construction





120D
ETSF Expenditures - Capital Purchases193,863




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 Direct1,063,000953,0001,021,000900,0001,286,670782,423
122C
Fire - Construction



461,582
122D
Fire - Purchase of P,P&E39,820372,32264,5852,477,128
410,000
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 & Wages99,59980,69641,21339,65038,58337,129
125B
Animal Control - Other Direct63,98939,88128,03426,19425,19423,432
125C
Animal Control - Construction

467,253


125D
Animal Control - Purchase of P,P&E10,500216,097
4,937

126A
Pub. Safety All Other - Salaries & Wages663,802608,531



126B
Pub. Safety All Other - Other Direct65,95658,448



126C
Pub. Safety All Other - Construction





126D
Pub. Safety All Other - Purchase of P,P&E174,649244,427



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 & Wages445,815443,043353,762343,155317,967314,856
128B
Streets and Highways - Other Direct622,216609,534631,480620,077633,010918,342
128C
Streets and Highways - Construction4,761,7502,751,924
352,425349,734525,822
128D
Streets and Highways - Purchase of P,P&E212,228394,177824,360282,837534,602403,857
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 Direct112,38884,19057,343131,01834,74627,463
130C
Powell Bill - Construction
242,892616,461790,681891,338166,919
130D
Powell Bill - Purchase of P,P&E383,368

11,670

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 Direct87,36193,32021,936


135C
Transpor. All Other - Construction





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





136AENVIRONSolid Waste - Salaries & Wages





136BMENTALSolid Waste - Other Direct1,697,8171,752,4311,847,0251,642,0791,322,5371,246,660
136CPROTECTIONSolid Waste - Construction





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





137A
Drainage & Watershed - Salaries & Wages





137B
Drainage & Watershed - Other Direct


28,02021,95019,026
137C
Drainage & Watershed - Construction


54,50010,00017,756
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 & Wages446,981371,848334,807285,073240,028214,765
140B& PHYSICALPlanning & Zoning - Other Direct174,415110,567260,029281,240200,813159,436
140CDEVELOPPlanning & Zoning - Construction





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



18,236
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



554,353222,670
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



7,06916,482
145B
Econ. Dev. All Other - Other Direct

559,588584,254551,799499,829
145C
Econ. Dev. All Other - Construction


6,300

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 & Wages761,393708,396553,289508,516462,978370,819
153BRECREATIONRecreation & Parks - Other Direct625,175613,583742,745829,821713,278633,926
153C
Recreation & Parks - Construction2,331,183996,120

487,6633,952
153D
Recreation & Parks - Purchase of P,P&E
44,059300,426212,699
853,079
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 Direct175,000




156C
Libraries - Construction





156D
Libraries - Purchase of P,P&E





157A
Cult. & Recr. All Other - Salaries & Wages





157B
Cult. & Recr. All Other - Other Direct565,834561,843



157C
Cult. & Recr. All Other - Construction



200,489
157D
Cult. & Recr. All Other - Purchase of P,P&E





158AUTILITYWater & Sewer - Salaries & Wages





158B
Water & Sewer - Other Direct





158C
Water & Sewer - Construction





158D
Water & Sewer - Purchase of P,P&E





159A
Electric Power - Salaries & Wages384,183377,709410,462356,870331,916263,842
159B
Electric Power - Other Direct3,713,6823,302,5083,251,1733,163,1593,045,8113,003,363
159C
Electric Power - Construction





159D
Electric Power - Purchase of P,P&E298,408654,084719,256843,140380,908247,297
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 Direct141,031149,80962,993


161.1C
Storm Water - Construction

19,046


161.1D
Storm Water - Purchase of P,P&E20,562




161BDEBTWater & Sewer - Interest & Fees





161DSERVICEWater & Sewer - Principal





162B
Electric - Interest & Fees13,00017,0008,9334,44117,87355,501
162D
Electric - Principal

80,00045,127337,071264,014
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 & Fees472,561590,266554,222668,321570,243607,311
166D
All Other - Principal2,207,7731,948,2902,051,2213,612,8651,578,9511,998,532
167BPENSIONDirect Benefit Program - Other Direct





168BFRINGEFringe Benefits Unallocated





169B
Separation Allowance - Law Enforcement18,48517,77732,53747,61731,66316,880
170B
Separation Allowance - Other Employees





171B
Supplemental Retirement - Law Enforcement107,16896,728100,03082,20083,29078,603
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 vehicles9,947,158.9,879,844.009,560,251.009,140,373.008,631,601.007,602,920.00
180.0
Current year's levy -- Motor vehicles (only)720,813.727,858.001,006,444.001,033,558.00967,425.00862,684.00
181.0PART 6Uncollected Taxes - Current Year's Levy Except Mot Veh131,301.130,821.00181,708.00122,397.00106,532.0092,533.00
182.0OTHERUncollected Taxes - CY Levy -Motor Vehicles50,98763,89393,01492,61687,31385,434
183.0DATAPercentage of Taxes Collected - All Property %98.2998.1697.4097.8997.9897.90
184.0DATAPercentage of Taxes Collected - Exclude Motor Vehicles%98.6898.6898.1098.6698.7798.78
185.0
Percentage of Taxes Collected - Motor Vehicles %92.9391.2290.7691.0490.9790.10
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 Other13,753,33918,175,02819,029,13916,777,63217,422,08511,948,210
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 Revenues32,412,64428,208,82224,281,40625,806,92926,192,15421,398,290
194BFISCALAmount - Subtract Refunding Bond Proceeds





194CSUMMARYAmount - Subtract Interfund Transfers In6,792,365780,0001,671,8761,252,0421,334,3271,206,273
194D
Amount - Net Revenues25,620,27927,428,82222,609,53024,554,88724,857,82720,192,017


Calculated amount25,620,27927,428,82222,609,53024,554,88724,857,82720,192,017


Amounts in AGREEMENT??YesYesYesYesYesYes


Difference





195A
Amount - Total Expenditures35,828,30726,672,14123,878,26426,121,13622,111,50120,389,276
195B
Amount - Subtract Pymts. to Refunded Debt Agent





195C
Amount - Subtract Interfund Transfers Out6,792,365780,0001,671,8761,252,0421,334,3271,206,273
195D
Amount - Net Expenditures29,035,94225,892,14122,206,38824,869,09420,777,17419,183,003


Calculated amount29,035,94225,892,14122,206,38824,869,09420,777,17419,183,003


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
OfficialJulie Niswong

951.0
TitleAccountant

952.0
Date12/07/201111/24/201012/21/200902/04/200912/21/200711/01/2006
953.0
ContactJulie Niswong

954.0
TitleAccountant

955.0
Phone704-892-6031




956.0
Fax704-896-2465




957.0
E-Mail:


















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Key Ratios of Electric Systems for The




Town of Cornelius













201120102009200820072006








Population
24,98424,84723,92922,94621,25617,144
Power Agency Group
N.C. Municipal Power Agency Number 1
Total Operating Revenues
$4,786,9034,267,3803,998,0994,753,9044,050,7213,760,433
Group Weighted Average
24,946,15623,064,70722,030,75722,254,71621,085,16320,184,548








% to Total Operating Revenues






Power Purchases
69.7%69.8%69.5%57.7%67.8%71.6%
Group Weighted Average
79.2%79.8%80.1%78.3%79.0%81.9%








Other Operating Expenses
22.7%23.8%29.3%21.6%21.6%21.4%
Group Weighted Average
15.7%16.2%18.2%17.1%17.6%17.5%








Operating Margin
7.6%6.4%1.2%20.6%10.7%7.0%
Group Weighted Average
5.1%4.0%1.7%4.6%3.4%0.6%








Operating Transfers In
0.0%0.0%0.0%0.0%0.0%0.0%
Group Weighted Average
0.6%0.1%0.2%0.2%1.7%0.3%








Operating Transfers Out
0.0%0.0%0.0%0.0%0.0%0.0%
Group Weighted Average Out
2.2%2.3%3.0%2.7%2.4%2.4%








Net Income
7.3%6.1%1.1%20.8%10.6%5.8%
Group Weighted Average
3.4%1.8%-1.2%3.5%4.9%-0.2%








Key Ratios and Cash Flow














Quick Ratio
2.31.52.22.61.51.2
Group Weighted Average
4.23.73.93.84.14.0








Coverage Ratio
1.201.151.121.431.111.01
Group Weighted Average
1.061.051.021.081.071.02








Days Sales in Receivables
43.456.049.036.740.444.8
Group Weighted Average
37.839.636.436.836.333.2








Days Cash on Hand
73.459.164.258.836.844.3
Group Weighted Average
122.0112.3109.5118.3114.5127.6








Cash flow from Operations
$732,584480,665413,5961,177,885673,824464,606








Capital Expenditures:
$000000


















201120102009200820072006
Capital Contributions: Excluded from Income Above
$000000








Operating Transfers to the General Fund as a % of GF Revenues
201120102009200820072006


0.00%0.00%0.00%0.00%0.00%0.00%










200520042003200220012000


0.09%0.09%0.07%0.10%0.11%0.17%








Gross Electric Fund Assets as Cost
$8,635,1838,336,7767,890,5667,020,4556,571,5406,190,632
Estimated Tax Loss from Municipal Ownership of Utility
$23,747$22,92621,69919,30618,07216,096
Tax Rate Equivalent
0.00060.00060.00060.00050.00050.0005








Operating Transfers to the General Fund as a % of Gross Fixed Assets
0.00%0.00%0.00%0.00%0.00%0.00%








Operating Transfers to the General Fund as a Tax Rate Equivalent
0.00000.00000.00000.00000.00000.0000








Tax Rate Adjusted for Assessed to Sales Ratio
0.26400.24460.22800.24020.25780.2472








Tax Rate Adjusted Excluding Transfers
0.26400.24460.22800.24020.25780.2472








Weighted Average Group Rate Adjusted
0.44680.42300.39110.39380.40150.4080








Weighted Average Non Electric Adjusted Rate
0.42630.41910.40070.41070.43090.4353




Financial Graphs and Comparisons


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Analysis of Available Fund Balance:  General Fund

20072008200920102011
Unit's FBA %58.61%56.81%49.30%53.21%42.77%
Group average FBA %37.01%38.69%39.96%38.21%37.85%
State average Electric/Non Electric Group FBA %33.92%35.32%34.32%33.60%34.72%
State average FBA %36.54%36.34%37.01%37.47%39.53%






Municipal Population Group: Electric 10,000 to 49,999

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Analysis of Property Tax

20072008200920102011
Municipality97.98%97.89%97.40%98.16%98.29%
Pop. Group96.51%96.79%96.54%96.75%96.78%
Statewide97.58%97.56%97.34%97.35%97.42%






Municipal Population Group: Electric 10,000 to 49,999






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Analysis of General Obligation Debt

20072008200920102011
Municipality113100928479
Pop. Group166153130132111
Statewide478456455449450






Municipal Population Group: 10,000 to 24,999






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Analysis of Revenue

20072008200920102011
Property Tax$405396397400400
Utility205221181186206
Sales Tax109114958785
Sales & Services141514014
Intergovernmental109108131172123
Debt Proceeds1647623157102
Other Miscellaneous16314010410295
Total$1,1691,0709451,1041,025

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Analysis of Revenue for Fiscal 2011











2011
2011
CategoryRevenue
Per Capita
Property Tax$9,983,272
$400
Water/Sewer0
0
Electric4,786,903
192
Other Utilities360,157
14
Sales Tax2,124,137
85
Sales & Services357,728
14
Intergovernment3,084,856
123
Debt Proceeds2,560,000
102
Miscellaneous2,363,226
95
Total$25,620,279
$1,025





Municipal Population Group: Electric 10,000 to 49,999





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Analysis of Expenditures by Function for Fiscal 2011











2011
2011
CategoryExpenditures
Per Capita
General Government$1,706,979
$69
Water/Sewer0
0
Electric4,396,273
176
Other Utilities161,593
6
Debt Service2,693,334
108
Transportation6,625,126
265
Public Safety6,674,839
267
Other6,777,798
271
Total$29,035,942
$1,162





Municipal Population Group: Electric 10,000 to 49,999





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Analysis of Expenditures by Object for Fiscal 2011






2011
2011
CategoryExpenditures
Per Capita
Salaries & Wages$7,131,234
$285
Water/Sewer Capital0
0
Electric Capital298,408
12
Other Capital8,495,370
340
Other Operating13,110,930
525
Total$29,035,942
$1,162





Municipal Population Group: Electric 10,000 to 49,999






Last Updated 6/15/2012 11:11:40 AM