North Carolina
Department of State Treasurer
Financial Information
Town of Franklin



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 Macon 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$1,669,529 $1,573,686 $1,545,449 $1,542,405 $1,499,066 $1,452,561


Utility 2,711,972 2,559,545 2,783,937 2,692,587 2,681,904 2,511,587


Sales Tax 485,917 492,595 560,126 624,321 640,729 605,171


Sales & Services 491,810 482,427 475,697 479,385 421,192 425,124


Intergovernmental 719,835 577,136 703,313 610,843 720,528 1,055,627


Debt Proceeds 27,350 2,619,500 5,000,000 471,299 95,952 78,242


Other Miscellaneous 274,225 322,189 269,911 379,420 443,642 414,271


Total$6,380,638 8,627,078 11,338,433 6,800,260 6,503,013 6,542,583










Expenditures by Function







Utility$2,347,644 4,338,886 3,416,808 3,633,434 1,796,652 1,924,027


Debt Service 875,393 659,584 287,622 455,815 306,740 333,150


Transportation 419,606 669,037 897,839 738,270 928,904 532,618


General Government 693,324 646,524 1,895,897 834,670 806,103 751,213


Public Safety 1,689,592 2,592,807 1,719,361 1,850,718 1,517,426 1,348,206


Other 399,928 365,574 345,777 81,127 72,001 61,690


Total$6,425,487 9,272,412 8,563,304 7,594,034 5,427,826 4,950,904










Expenditures by Object







Salaries & Wages$3,160,703 3,008,273 3,063,949 2,166,727 1,887,321 1,662,499


Capital Outlay 273,934 3,277,250 2,946,223 2,535,236 923,099 774,854


Other Operating + Debt Service 2,990,850 2,986,889 2,553,132 2,892,071 2,617,406 2,513,551


Total$6,425,487 9,272,412 8,563,304 7,594,034 5,427,826 4,950,904



















Per Capita Revenues by Source







Property Tax$434 404 398 403 397 390


Utility 705 656 717 704 709 674


Sales Tax 126 126 144 163 170 162


Sales & Services 128 124 123 125 111 114


Intergovernmental 187 148 181 160 191 283


Debt Proceeds 7 672 1,288 123 25 21


Other Miscellaneous 71 83 70 99 117 111


Total$1,658 2,213 2,921 1,777 1,720 1,755










Per Capita Expenditures by Function







Utility$610 1,113 880 950 475 516


Debt Service 227 169 74 119 81 89


Transportation 109 172 231 193 246 143


General Government 181 165 489 218 214 201


Public Safety 439 665 443 484 401 362


Other 104 94 89 21 19 17


Total$1,670 2,378 2,206 1,985 1,436 1,328










Per Capita Expenditures by Object







Salaries & Wages$821 772 789 566 499 446


Capital Outlay 71 841 759 663 244 208


Other Operating 778 765 658 756 693 674


Total$1,670 2,378 2,206 1,985 1,436 1,328










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 Franklin Population 3,848 3,899 3,882 3,826 3,780 3,727

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$3,584,500 3,407,223 3,461,023 3,393,526 3,467,415 3,187,366

General Fund expenditures 3,402,600 3,520,841 4,044,624 3,637,091 3,395,795 2,793,438

Operating transfers in 13,955 - - - - -

Operating transfers out - - - - - -

Capital leases and installment purchase proceeds 27,350 - - 126,769 95,952 -

Other items - - - 12,400 - 86,187

Excess of revenues and other sources over (under) expenditures and other uses 223,205 (113,618) (583,601) (104,396) 167,572 480,115










Fund balance available (FBA):







In dollars$2,192,617 1,694,451 2,000,389 2,574,146 2,730,172 2,570,683


FBA as a % of GF Net Expenditures:







Unit's FBA %64.9648.1349.4673.3382.7492.03


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$3,888,980 3,118,320 4,304,864 3,288,216 4,234,069 2,901,475


Quick ratio8.50 4.65 13.98 9.93 13.44 4.71


Net income(154,323)397,077 611,113 644,853 979,096 1,494,075


Cashflow from operations84,100 764,916 763,349 961,960 1,073,240 1,223,019


Depreciation & Amortization Expense435,431 471,790 419,989 407,098 389,426 371,377


























Cash, Investments and Financing
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201120102009200820072006











Population at July 1st of the Previous Year3,8483,8993,8823,8263,7803,727


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$5,605,219 $5,239,267 $6,278,920 $5,959,657 $6,735,195 $5,650,076


Investment Earnings12,377 14,134 76,774 256,765 300,981 180,692


Tax Rate Equivalent0.00190.00220.01220.04080.06410.0392


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$642,028,745 636,281,700 630,884,681 629,254,809 469,317,931 460,494,589


Tax Rate0.25000.25000.25000.25000.32000.3200


Tax Rate Group weighted average0.27780.25520.26970.26690.31160.3191


Tax Rate State Wide0.41220.40900.42620.42380.44500.4321


Assessment -to-Sales Ratio112.94109.2995.88100.0077.4389.86


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$568,468,873 582,195,718 657,994,035 629,254,809 606,118,986 512,457,811


EffectiveTax Rate0.28240.27320.23970.25000.24780.2876


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 Collected95.090094.370094.510095.930096.380096.1500


Percent Collected Group weighted average96.6795.4095.4195.8196.7096.72


Percent Collected Statewide97.4297.3597.3497.5697.5897.55


Percent Collected Excluding Motor Vehicles95.8495.0395.2996.7097.3697.11


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 74.5675.9677.4081.1980.9780.80


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 Uncollected122,822 130,464 136,841 127,064 127,597 127,055


Tax Rate Equivalent0.01910.02050.02170.02020.02720.0276


Dominant County: Macon






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$84,000 108,000 132,000 155,000 177,000 198,000


General Government GO Debt0 0 0 0 0 0


Total General Obligation Debt84,000 108,000 132,000 155,000 177,000 198,000


Per Capita$22 28 34 41 47 53


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 Sales0.0148%0.0186%0.0201%0.0246%0.0292%0.0386%


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$5,302,063 5,577,925 3,115,000 85,194 249,064 404,614


--General Government1,633,667 1,759,333 1,885,000 22,682 66,309 107,722


Total*$6,935,730 7,337,258 5,000,000 107,875 315,374 512,335


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




Revenue Bond Debt $66,626 133,252 199,878 266,504 333,130 0


















Annual Financial Information Report Detail
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LineSectionDescription201120102009200820072006

Population at July 1st of the Previous Year Adjusted for Boundry Changes3,8483,8993,8823,8263,7803,727









1.5AFISCAL Governmental Activities Assets8,940,4948,919,3509,278,4577,896,7707,670,9217,065,596
1.5BSUMMARYGovernmental Activities Liabilities2,380,1572,425,2872,492,335638,970664,604568,827
3.5A
Business Type Activities Assets23,148,67023,993,67320,782,88817,340,89516,848,06216,054,613
3.5B
Business Type Activities Liabilties5,714,8606,405,5403,591,832760,952912,972775,733
6.5A
Fiduciary Funds Assets





6.5B
Fiduciary Funds Liabilties





10.0PART 2Current Collections of Unit -Wide Levy1,557,2321,503,4581,493,7521,514,3541,463,0991,420,412
11.0TAXCurrent Collections of Special Tax Districts





12.0REVENUESPrior Years' Levy Collections85,48055,20141,14220,94728,18522,587
13.0
Penalties and Interest26,81715,02710,5557,1047,7829,562
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 Tax214,607219,675243,692283,488297,880298,620
17.0
1/2% Local Government Option Sales Tax (40)93,34092,261106,949114,278113,11598,991
18.0
1/2% Local Government Option Sales Tax (42)102,46395,140105,590112,970111,77497,948
18.5
1/2% Local Government Option Sales Tax (44)75,50785,519103,895113,585117,960109,612
19.0
Privilege Licenses37,52765,56021,54022,15823,14422,350
19.2
Privilege -- All other privileges and pemits





20.0
Auto Licenses





21.0
Vehicle Tax for Public Transportation





22.0
Other Licenses



23,67531,547
23.0
Local Occupancy Tax102,149102,92791,857


24.0
Prepared Food Tax





25.0
911 Charges





26.0
Gross Short Term lease and Rental Tax





27.0FEDERALPayments In Lieu of Taxes - Federal





28.0INTERGOVEquitable Sharing of Fed. Forfeited Prop.


3,621
64,208
29.0REVENUESGeneral Government





30.0
Public Safety27,937
66,12067,873

31.0
Transportation - Streets



169,000
32.0
Transportation - All Other





33.0
Environmental Protection





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





35.0
Econ. & Phys. Dev. - All Other





36.0
Human Services: Health, Mental Hlt & Hosp





37.0
Human Services: All Other





38.0
Culture & Recreation





39.0STATEPayments In Lieu of Taxes - State





40.0INTERGOVUnauthorized Substance Tax





41.0REVENUESTransitional Hold Harmless





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 Distribution12,10111,3988,5397,7086,3285,921
44.0
Utility Franchise Tax412,584425,148418,854314,326296,644241,926
45.0
Beer and Wine Tax17,1845,53717,18217,41216,84116,122
46.0
Powell Bill117,595116,782130,886145,322129,168130,119
50.0
Court Fees - Facilities and Arrest Fees640571545383735994
51.0
General Government100,00016,45010,000


52.0
Public Safety





53.0
Transportation - Streets

20,000


54.0
Transportation - All Other





55.0
Environmental Protection



48,459490,985
56.0
Econ. & Phys. Dev. - Housing/Community Dev





57.0
Econ. & Phys. Dev. - All Other





58.0
Human Services -Health, Mental Health, Hosp





59.0
Human Services - All Other





60.0
Culture and Recreation





61.0LOCALPayments in Lieu of Taxes - Local





62.0INTERGOVGeneral Government





63.0REVENUESPublic Safety





64.0
Transportation - Streets





65.0
Transportation - All Other





66.0
Environmental Protection31,7941,25031,18754,19846,656
67.0
Economic and Physical Development




97,952
68.0
Human Services - Health, Mental Hlt & Hosp





69.0
Human Services - All Other



6,6977,400
70.0
Culture and Recreation





71.0PERMITS Building Permits9,7928,0204,5254,5751,5002,250
72.0& FEESInspection Fees





72.1
Amusements licensing and permit taxes





73.0
Other Permits3,6172,4692,6832,7632,7252,775
74.0SALES &Parking Revenues





75.0SERVICESRents and Royalties10,1005,4003,6109,0509,7507,550
76.0
Airport





77.0
Fire Protection Charges481,710477,027472,087470,335411,442417,574
78.0
Solid Waste





79.0
Ambulance and Rescue Squad Charges





80.0
Cemeteries





81.0
Recreation Service Revenues





82.0
Library Service Revenues





83.0
Other Cultural and Rec Service Revenues





84.0
Mass Transit - City Operated





85.0
Other Sales and Services





86.0UTILITYWater and Sewer Charges2,711,9722,559,5452,783,9372,692,5872,681,9042,511,587
87.0REVENUESElectric Charges





88.0
Gas Charges





88.1
Storm Water Fees





89.0MISC.Investment Earnings - Bond Proceeds





90.0REVENUESInvestment Earnings - All Other Funds12,37714,13476,774256,765300,981180,692
91.0
Special Assessments





92.0
Private Contributions and Donations





93.0
Sales of Materials and Fixed Assets
15,5003,75012,40015,60658,812
94.0
Sale of Real Property





95.0
Nongovt Contr For Streets & Traffic Signals





96.0
ABC Mixed Drink Surcharge





97.0
ABC Profit Distribution70,00070,00050,00050,00051,74050,000
98.0
Other Miscellaneous Revenues38,76343,57918,78230,75924,27165,845
99.0
Proceeds of Sale of Bonds and Notes





100.0
Proceeds of Capital Leases/Install Purchases27,3502,619,5005,000,000471,29995,95278,242
101.0
Other





102.0NON-REVSchool - Current Levy Collections





103.0RECEIPTSPrior Years' Levy Collections





104.0
Tax Collections for Other Units





105.0
Utilities Customer's Deposits





106.0
Deposits Other than Utility





107.0
Prepaid Taxes





108.0
Prepaid Privilege Licenses





109APART 4Governing Body - Salaries & Wages34,54632,29533,31532,29532,29530,000
109BGENERALGoverning Body - Other Direct124,56382,393146,802166,927186,818195,797
109CGOVTGoverning Body - Construction





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





110A
Administration - Salaries & Wages376,885461,527418,308312,957249,474228,120
110B
Administration - Other Direct16,1109,185245,393264,429289,527255,390
110C
Administration - Construction

847,3145,174

110D
Administration - Purchase of P,P&E
21,978146,110


111A
Elections - Salaries & Wages





111B
Elections - Other Direct


2,3379,411
111C
Elections - Construction





111D
Elections - Purchase of P,P&E





112A
Finance - Salaries & Wages85,934




112B
Finance - Other Direct11,061




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


2,261

114B
Legal - Other Direct44,22539,14658,65528,29018,57821,906
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 Direct





118C
Gen. Govt. All Other - Construction





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





119APUBLICPolice & Comm - Traffic Control - Salaries and Wages1,095,5721,038,3801,078,424790,837725,663640,395
119BSAFETYPolice & Comm - Traffic Control - Other Direct174,423206,287182,266328,662280,754299,012
119C
Police & Comm - Traffic Control - Construction

29,624


119D
Police & Comm - Traffic Control - Purchase of P,P&E28,164995,22725,512140,16632,315137,988
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 & Wages191,729169,141191,407148,02679,93671,438
122B
Fire - Other Direct97,708127,775124,709103,016161,475161,628
122C
Fire - Construction


217,635

122D
Fire - Purchase of P,P&E49,49616,09648,81586,423204,3426,468
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 & Wages186,225312,268332,696232,329211,288191,744
128B
Streets and Highways - Other Direct164,409183,030288,063275,013269,213256,672
128C
Streets and Highways - Construction

20,000
178,604
128D
Streets and Highways - Purchase of P,P&E
11,000111,80675,70889,88425,197
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 Direct68,972162,73947,66946,95749,68455,405
130C
Powell Bill - Construction

97,60532,555130,231
130D
Powell Bill - Purchase of P,P&E


75,708
3,600
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 & Wages





136BMENTALSolid Waste - Other Direct





136CPROTECTIONSolid Waste - Construction





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





137A
Drainage & Watershed - Salaries & Wages





137B
Drainage & Watershed - Other Direct





137C
Drainage & Watershed - Construction





137D
Drainage & Watershed - Purchase of P,P&E





138A
Cemeteries - Salaries & Wages





138B
Cemeteries - Other Direct





138C
Cemeteries - Construction





138D
Cemeteries - Purchase of P,P&E





139A
Environ. All Other - Salaries & Wages





139B
Environ. All Other - Other Direct





139C
Environ. All Other - Construction





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





140AECONOMICPlanning & Zoning - Salaries & Wages63,80163,584124,949


140B& PHYSICALPlanning & Zoning - Other Direct155,319110,815123,886


140CDEVELOPPlanning & Zoning - Construction





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





141A
Economic Development - Salaries & Wages67,56467,450



141B
Economic Development - Other Direct36,22139,012



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 & 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

20,00020,00020,00012,500
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 & Wages1,058,447863,628884,850648,022588,665500,802
158B
Water & Sewer - Other Direct 1,092,9231,242,309912,5211,083,545920,264821,624
158C
Water & Sewer - Construction155,7842,227,2141,611,4871,858,806179,199555,088
158D
Water & Sewer - Purchase of P,P&E40,4905,7357,95043,061108,52446,513
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 & Fees270,523137,13416,17627,12029,52638,543
161DSERVICEWater & Sewer - Principal366,493247,201176,092266,344178,872169,856
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 & Fees74,58282,20610,7655,33310,04711,493
166D
All Other - Principal163,795193,04384,589157,01888,295113,258
167BPENSIONDirect Benefit Program - Other Direct





168BFRINGEFringe Benefits Unallocated





169B
Separation Allowance - Law Enforcement12,694




170B
Separation Allowance - Other Employees





171B
Supplemental Retirement - Law Enforcement39,80639,90138,60435,95332,94131,277
172B
Fringe Benefits Other77,02384,71376,94261,12752,00149,190
173AINTERGOVMulti-Cnty Libr Dis,Cnty,Or Other - Recipient


CountyCountyCounty
173BEXPENDMulti-Cnty Libr Dis,Cnty,Or Other - Item #


156156156
173C
Multi-Cnty Libr Dis,Cnty,Or Other - Amount


20,00020,00020,000
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 vehicles1,572,989.1,529,152.001,471,817.001,495,714.001,409,725.001,386,766.00
180.0
Current year's levy -- Motor vehicles (only)57,340.54,480.0067,586.0077,640.0090,440.0086,978.00
181.0PART 6Uncollected Taxes - Current Year's Levy Except Mot Veh65,482.75,984.0069,255.0049,424.0037,157.0040,077.00
182.0OTHERUncollected Taxes - CY Levy -Motor Vehicles14,58913,09715,27214,60317,21516,702
183.0DATAPercentage of Taxes Collected - All Property %95.0994.3794.5195.9396.3896.15
184.0DATAPercentage of Taxes Collected - Exclude Motor Vehicles%95.8495.0395.2996.7097.3697.11
185.0
Percentage of Taxes Collected - Motor Vehicles %74.5675.9677.4081.1980.9780.80
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 Other5,605,2195,239,2676,278,9205,959,6576,735,1955,650,076
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 Revenues6,394,5938,627,07811,338,4336,800,2606,503,0136,542,583
194BFISCALAmount - Subtract Refunding Bond Proceeds





194CSUMMARYAmount - Subtract Interfund Transfers In13,955




194D
Amount - Net Revenues6,380,6388,627,07811,338,4336,800,2606,503,0136,542,583


Calculated amount6,380,6388,627,07811,338,4336,800,2606,503,0136,542,583


Amounts in AGREEMENT??YesYesYesYesYesYes


Difference





195A
Amount - Total Expenditures6,439,4429,272,4128,563,3047,594,0345,427,8264,950,904
195B
Amount - Subtract Pymts. to Refunded Debt Agent





195C
Amount - Subtract Interfund Transfers Out13,955




195D
Amount - Net Expenditures6,425,4879,272,4128,563,3047,594,0345,427,8264,950,904


Calculated amount6,425,4879,272,4128,563,3047,594,0345,427,8264,950,904


Amounts in AGREEMENT??YesYesYesYesYesYes


Difference














401APart 10Number of residential accounts billed Water



8,653
401BWater /Number of residential accounts billed Sewer



5,978
402ASewer Amount processed and/or purchased in units Water
392406422,044448,880
402BOperationsAmount processed and/or purchased in units Sewer
324289307,713304,880
403A
Total amount billed in units - Water
295303298,087305,016
403B
Total amount billed in units - Sewer
224229224,104219,795
404A
Of the total in 403A above how many units were Residential W
127132132,393134,243
404B
Of the total in 403B above how many units were Residential S
788182,42182,273
405A
Of the total in 403 above, how many units were Outside Muni W



117,602
405B
Of the total in 403 above, how many units were Outside Muni S



50,117
406A
Of the total in 405A above how many units were Residential W



49,122
406B
Of the total in 405B above how many units were Residential S



10,964
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 above1,859,9031,630,4851,644,2321,618,9261,566,661
408B
Dollars related to 403B above758,428752,252770,511754,359723,894
409A
Dollars related to 404A above858,35173,316744,939745,064714,880
409B
Dollars related to 404B above331,240328,719335,313335,901315,659
410A
Dollars related to 405A above



850,752
410B
Dollars related to 405B above



276,416
411A
Dollars related to 406A above



403,901
411B
Dollars related to 406B above



88,607
412A
Dollars related to 407A above





412B
Dollars related to 407B above





421A
Number of residential accounts billed - Water2,8022,8132,8102,803

421B
Number of residential accounts billed - Sewer1,8001,8051,8051,805

422A
Number of non-residential & bulk accounts billed - Water695706704689

422B
Number of non-residential & bulk accounts billed - Sewer626633631618

423A
Estimated percentage of accounts outside of municipal limits
































950.0
OfficialJanet A. Anderson

951.0
TitleFinance Officer

952.0
Date10/26/201110/20/201011/06/200911/26/200810/30/200710/31/2006
953.0
ContactJanet A. Anderson

954.0
TitleFinance Officer

955.0
Phone828-524-2516




956.0
Fax828-524-4540




957.0
E-Mail:


















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Key Ratios and Operations Statistics of Water and Sewer Systems for



Town of Franklin













201120102009200820072006








Population
3,8483,8993,8823,8263,7803,727
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
$2,711,9722,559,5452,783,9372,692,5872,681,9042,511,587
Total Operating Revenues Per Capita
$705656717704709674
Group Weighted Average Revenues Per Capita465442409396397412
State Weighted Average Revenues Per Capita404384353365367356








% to Total Operating Revenues






Operating Expenses
97.81%104.15%80.82%80.87%72.00%68.72%
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
2.19%-4.15%19.18%19.13%28.00%31.28%
Group Weighted Average
6.90%7.13%6.68%6.82%9.84%12.74%
State Weighted Average
17.41%14.92%10.14%13.30%17.53%18.43%








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








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








Net Income before capital contributions
-5.69%-7.95%21.95%23.95%34.70%39.94%
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
8.504.6513.989.9313.444.71
Group Weighted Average
3.362.993.223.123.263.67
State Weighted Average
3.483.202.812.962.902.82








Days Sales in Receivables
58.859.952.649.084.6117.0
Group Weighted Average
53.357.765.252.352.853.8
State Weighted Average
54.458.958.655.260.057.8








Days Cash on Hand
626.9575.3833.8676.5927.3804.6
Group Weighted Average
360.2368.6384.6439.3462.7413.2
State Weighted Average
505.4465.8424.9457.2497.5457.2








Cash flow from Operations
$84,100764,916763,349961,9601,073,2401,223,019








Debt to Equity
0.310.330.200.030.050.04
Group Weighted Average
0.410.400.400.310.280.25
State Weighted Average
0.600.600.570.560.560.52








Debt per Capita
1,4171,492888133205163
Group Weighted Average
924863806631533484
State Weighted Average
1,2821,2531,1291,1391,101988








Capital Expenditures:
201120102009200820072006


$196,2742,232,9491,619,4371,901,867287,723601,601










2005200420032002



$1,312,757530,812893,991274,097









Capital Contributions: Excluded from income above
$0600,6000048,459490,985
















Operating Statistics














Estimated population of the areas served Water00008,653NA
Estimated population of the areas served Sewer00005,978NA








Number of Gallons of Water Processed (000) omitted0392406422,044448,880NA
Number of Gallons of Sewage Processed (000) omitted0324289307,713304,880NA








Number of Gallons of Water Billed (000) omitted0295303298,087305,016NA
Number of Gallons of Sewage Billed (000) omitted0224229224,104219,795NA








Ratio of Water Billed to Water Processed0.750000.752550.746310.706290.67950NA
Ratio of Sewage Billed to Sewage Processed0.821430.691360.792390.728290.72092NA








Total Revenue from Water Sales1,859,9031,630,4851,644,2321,618,9261,566,661NA
Total Revenue from Sewage Sales758,428752,252770,511754,359723,894NA








Water Revenue per 1000 gallons of Sales




181.05409NA
Sewage Revenue per 1000 gallons of Sales




121.09301NA








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$6,602,700.00000577.291345,643.477275.627675.32527NA
Residential Sewage Sales per thousand Gallons$4,140,500.000004,214.346154,139.666674.075433.83673NA








Water Sales per thousand Gallons outside Municipal Limits



7.23416NA
Sewage Sales per thousand Gallons outside Municipal Limits



5.51541NA








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




Financial Graphs and Comparisons


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Analysis of Available Fund Balance:  General Fund

20072008200920102011
Unit's FBA %82.74%73.33%49.46%48.13%64.96%
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
Municipality96.38%95.93%94.51%94.37%95.09%
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
Municipality4741342822
Pop. Group149152158107113
Statewide478456455449450






Municipal Population Group: 2,500 to 4,999






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Analysis of Revenue

20072008200920102011
Property Tax$397403398404434
Utility709704717656705
Sales Tax170163144126126
Sales & Services111125123124128
Intergovernmental191160181148187
Debt Proceeds251231,2886727
Other Miscellaneous11799708371
Total$1,7201,7772,9212,2131,658

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Analysis of Revenue for Fiscal 2011











2011
2011
CategoryRevenue
Per Capita
Property Tax$1,669,529
$434
Water/Sewer2,711,972
705
Electric0
0
Other Utilities0
0
Sales Tax485,917
126
Sales & Services491,810
128
Intergovernment719,835
187
Debt Proceeds27,350
7
Miscellaneous274,225
71
Total$6,380,638
$1,658





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$693,324
$181
Water/Sewer2,347,644
610
Electric0
0
Other Utilities0
0
Debt Service875,393
227
Transportation419,606
109
Public Safety1,689,592
439
Other399,928
104
Total$6,425,487
$1,670





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$3,160,703
$821
Water/Sewer Capital196,274
51
Electric Capital0
0
Other Capital77,660
20
Other Operating2,990,850
778
Total$6,425,487
$1,670





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






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