North Carolina
Department of State Treasurer
Financial Information
Town of Gibsonville



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 Guilford County Map Page

The AFIR report that was due 10/31/2011 has not been received as of 06/12/2012


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$0 $2,315,544 $2,076,867 $2,013,204 $1,938,316 $1,704,931


Utility - 2,432,445 1,985,207 1,836,737 1,904,970 1,895,766


Sales Tax - 717,300 758,513 911,673 702,646 644,801


Sales & Services - 1,910,199 1,476,783 914,096 736,683 516,304


Intergovernmental - 522,459 489,154 480,290 439,513 304,939


Debt Proceeds - 190,498 79,905 229,500 1,200 -


Other Miscellaneous - 88,727 118,516 290,620 261,587 335,392


Total$0 8,177,172 6,984,945 6,676,120 5,984,915 5,402,133










Expenditures by Function







Utility$0 2,410,916 2,003,911 2,214,022 2,030,334 1,420,159


Debt Service - 176,448 191,571 274,507 265,649 300,386


Transportation - 590,343 444,587 574,390 350,664 313,453


General Government - 796,359 859,722 938,184 659,831 636,106


Public Safety - 1,459,198 1,373,029 1,395,781 1,173,520 1,099,119


Other - 2,394,468 1,895,558 1,494,367 1,202,009 814,432


Total$0 7,827,732 6,768,378 6,891,251 5,682,007 4,583,655










Expenditures by Object







Salaries & Wages$0 2,694,075 2,462,133 2,845,896 2,310,912 2,009,459


Capital Outlay - 591,424 213,367 453,324 25,110 13,570


Other Operating + Debt Service - 4,542,233 4,092,878 3,592,031 3,345,985 2,560,626


Total$0 7,827,732 6,768,378 6,891,251 5,682,007 4,583,655



















Per Capita Revenues by Source







Property Tax$0 387 360 370 363 369


Utility - 407 344 338 357 410


Sales Tax - 120 130 168 133 140


Sales & Services - 319 256 168 138 112


Intergovernmental - 87 85 88 82 66


Debt Proceeds - 32 14 42 - -


Other Miscellaneous - 15 21 53 49 73


Total$0 1,367 1,210 1,227 1,122 1,170










Per Capita Expenditures by Function







Utility$0 403 347 407 381 307


Debt Service - 30 33 50 50 65


Transportation - 99 77 106 66 68


General Government - 133 149 172 123 138


Public Safety - 244 238 257 220 238


Other - 400 328 275 225 176


Total$0 1,309 1,172 1,267 1,065 992










Per Capita Expenditures by Object







Salaries & Wages$0 451 426 523 433 435


Capital Outlay - 99 37 83 5 3


Other Operating - 759 709 661 627 554


Total$0 1,309 1,172 1,267 1,065 992










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 Gibsonville Population 6,437 5,980 5,775 5,439 5,335 4,619

Group Average Per Capita Revenues by Source







Property Tax 356 342346336310306


Utility 392 322314310313326


Sales Tax 125 125144160160154


Sales & Services 86 8885807874


Intergovernmental 237 202185180174160


Debt Proceeds 127 8020917110895


Other Miscellaneous 131 106105133160126


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










Group Average Per Capita Expenditures by Function







Utility 422 419414370332305


Debt Service 111 1031001029698


Transportation 91 9595110111112


General Government 173 179185169159156


Public Safety 314 323318318310280


Other 242 220219230235209


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










Group Average Per Capita Expenditures by Object







Salaries & Wages 447 431429414405390


Capital Outlay 250 325317279252205


Other Operating 655 583585606584564


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


















General Fund
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201120102009200820072006

General Fund revenues$5,311,055 5,420,262 4,937,123 4,597,121 4,070,012 3,498,657

General Fund expenditures 5,195,689 5,246,547 4,735,206 4,608,523 3,587,605 3,097,394

Operating transfers in 5,040 6,840 4,500 4,500 4,500 4,500

Operating transfers out - - 85,000 - - -

Capital leases and installment purchase proceeds 253,000 129,200 79,905 114,750 - -

Other items 18,958 6,351 3,250 - - -

Excess of revenues and other sources over (under) expenditures and other uses 392,364 316,106 204,572 107,848 486,907 405,763










Fund balance available (FBA):







In dollars$2,745,392 2,408,724 2,065,350 1,946,591 1,778,782 1,425,337


FBA as a % of GF Net Expenditures:







Unit's FBA %55.5447.0743.5743.3249.5846.02


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, Housing













Combined financial results:







Working capital$454,108 464,099 142,014 184,728 430,204 490,594


Quick ratio4.27 4.07 2.34 2.83 3.21 4.40


Net income(2,494)(389,499)(70,743)(317,052)(176,301)237,857


Cashflow from operations79,204 66,840 (12,385)(298,116)(156,147)349,067


Depreciation & Amortization Expense56,533 76,629 91,902 79,745 91,977 92,505


























Cash, Investments and Financing
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201120102009200820072006











Population at July 1st of the Previous Year6,4375,9805,7755,4395,3354,619


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$0 $2,939,307 $2,277,718 $2,171,319 $2,319,662 $2,077,376


Investment Earnings0 30,420 56,149 87,849 130,576 81,597


Tax Rate Equivalent0.00000.00670.01380.02300.03460.0247


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 200920042004200420042004


January 1, Prior Year Assessed Valuation$457,083,255 456,905,254 406,303,984 381,970,038 377,204,466 330,356,737


Tax Rate0.51000.51500.51500.51500.51500.5150


Tax Rate Group weighted average0.27780.25520.26970.26690.31160.3191


Tax Rate State Wide0.41220.40900.42620.42380.44500.4321


Assessment -to-Sales Ratio103.0795.0291.6092.7296.1298.69


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$443,468,764 480,851,667 443,563,301 411,960,783 392,430,780 334,741,855


EffectiveTax Rate0.52570.48940.47170.47750.49500.5083


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 Collected0.000095.750095.960096.080096.440096.4100


Percent Collected Group weighted average96.6795.4095.4195.8196.7096.72


Percent Collected Statewide97.4297.3597.3497.5697.5897.55


Percent Collected Excluding Motor Vehicles0.0096.4896.7896.9097.1996.24


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 0.0088.2188.9889.6790.0897.80


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 Uncollected0 278,501 280,214 279,280 255,964 241,390


Tax Rate Equivalent0.00000.06100.06900.07310.06790.0731


Dominant County: Guilford






Debt Information








Population Group5,000 to 9,9995,000 to 9,9995,000 to 9,9995,000 to 9,9995,000 to 9,9992,500 to 4,999


Ratings:







Fitch







Moody'sBaa1Baa1Baa1Baa1Baa1Baa1


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$0 0 0 0 0 0


General Government GO Debt0 0 0 50,000 125,000 200,000


Total General Obligation Debt0 0 0 50,000 125,000 200,000


Per Capita$0 0 0 9 23 43


Total Per Capita for the Population Group79 89 69 71 93 162


Total Per Capita Statewide450 449 455 456 478 495


Total per Assessed Valuation Adjusted for Current Year Sales0.0000%0.0000%0.0000%0.0121%0.0319%0.0597%


Total per Assessed Valuation Adjusted for Current Year Sales- Group Average0.0680%0.0786%0.0531%0.0577%0.0861%0.1565%


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


Total Authorized but not Issued General Obligation Debt
















Installment Sales Purchases and Lease Obligations







--Enterprise$0 0 0 0 0 0


--General Government0 0 0 0 0 0


Total*$0 0 0 0 0 0


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




Revenue Bond Debt $58,233 61,298 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 Changes6,4375,9805,7755,4395,3354,619









1.5AFISCAL Governmental Activities Assets
4,908,1414,405,6214,019,4503,557,6353,149,061
1.5BSUMMARYGovernmental Activities Liabilities
687,916616,768672,892560,108708,802
3.5A
Business Type Activities Assets
1,945,1792,076,7472,175,1762,479,0552,662,375
3.5B
Business Type Activities Liabilties
550,015180,436182,293169,120176,139
6.5A
Fiduciary Funds Assets





6.5B
Fiduciary Funds Liabilties





10.0PART 2Current Collections of Unit -Wide Levy
2,219,7042,007,3152,003,8721,917,6421,692,999
11.0TAXCurrent Collections of Special Tax Districts
12,20614,015


12.0REVENUESPrior Years' Levy Collections
80,01355,358


13.0
Penalties and Interest
15,82714,1949,33220,67411,932
14.0
Collections of Taxes Previously Written Off





15.0
Animal Tax





15.1
Solid Waste Disposal Tax
3,9521,637


16.0
1% Local Government Option Sales Tax
303,870326,953382,902298,494283,713
17.0
1/2% Local Government Option Sales Tax (40)
146,792149,532173,218138,675128,960
18.0
1/2% Local Government Option Sales Tax (42)
147,593147,755173,218137,343116,064
18.5
1/2% Local Government Option Sales Tax (44)
119,045134,273182,335128,134116,064
19.0
Privilege Licenses
8,4767,5203,1204,0684,297
19.2
Privilege -- All other privileges and pemits





20.0
Auto Licenses





21.0
Vehicle Tax for Public Transportation





22.0
Other Licenses





23.0
Local Occupancy Tax





24.0
Prepared Food Tax





25.0
911 Charges





26.0
Gross Short Term lease and Rental Tax





27.0FEDERALPayments In Lieu of Taxes - Federal





28.0INTERGOVEquitable Sharing of Fed. Forfeited Prop.





29.0REVENUESGeneral Government





30.0
Public Safety





31.0
Transportation - Streets





32.0
Transportation - All Other





33.0
Environmental Protection





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





35.0
Econ. & Phys. Dev. - All Other





36.0
Human Services: Health, Mental Hlt & Hosp





37.0
Human Services: All Other





38.0
Culture & Recreation





39.0STATEPayments In Lieu of Taxes - State





40.0INTERGOVUnauthorized Substance Tax
7,546



41.0REVENUESTransitional Hold Harmless
7,7737,565


42.0
Wireless Enhanced 911 Service Charges





42.1
Emergency Telephone Services Fund (ETSF) Revenues (Do not include interest)





42.2
ETSF Interest Income





43.0
Piped Natural Gas Charge Distribution





44.0
Utility Franchise Tax
298,502282,762268,093267,885134,094
45.0
Beer and Wine Tax
8,23724,42624,57520,87220,203
46.0
Powell Bill
158,043171,545185,209146,895147,982
50.0
Court Fees - Facilities and Arrest Fees
3,1572,8562,4133,8612,660
51.0
General Government





52.0
Public Safety
1,655



53.0
Transportation - Streets





54.0
Transportation - All Other





55.0
Environmental Protection





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





57.0
Econ. & Phys. Dev. - All Other





58.0
Human Services -Health, Mental Health, Hosp





59.0
Human Services - All Other





60.0
Culture and Recreation





61.0LOCALPayments in Lieu of Taxes - Local





62.0INTERGOVGeneral Government





63.0REVENUESPublic Safety





64.0
Transportation - Streets





65.0
Transportation - All Other





66.0
Environmental Protection





67.0
Economic and Physical Development





68.0
Human Services - Health, Mental Hlt & Hosp





69.0
Human Services - All Other





70.0
Culture and Recreation
37,546



71.0PERMITS Building Permits
5,7058,3655,825

72.0& FEESInspection Fees
4,500

5,3105,190
72.1
Amusements licensing and permit taxes





73.0
Other Permits
9,60316,711


74.0SALES &Parking Revenues





75.0SERVICESRents and Royalties
152,583



76.0
Airport





77.0
Fire Protection Charges


12,7769,263565
78.0
Solid Waste
164,959144,225105,16198,05094,352
79.0
Ambulance and Rescue Squad Charges





80.0
Cemeteries
12,7201,34010,94413,33610,100
81.0
Recreation Service Revenues
1,524,1581,270,92227,64927,10028,077
82.0
Library Service Revenues
55,77956,009494542487
83.0
Other Cultural and Rec Service Revenues





84.0
Mass Transit - City Operated





85.0
Other Sales and Services

4,287757,072588,392382,723
86.0UTILITYWater and Sewer Charges
2,404,1161,962,7461,836,7371,904,9701,895,766
87.0REVENUESElectric Charges





88.0
Gas Charges





88.1
Storm Water Fees
28,32922,461


89.0MISC.Investment Earnings - Bond Proceeds





90.0REVENUESInvestment Earnings - All Other Funds
30,42056,14987,849130,57681,597
91.0
Special Assessments





92.0
Private Contributions and Donations





93.0
Sales of Materials and Fixed Assets
6,3513,250


94.0
Sale of Real Property





95.0
Nongovt Contr For Streets & Traffic Signals





96.0
ABC Mixed Drink Surcharge





97.0
ABC Profit Distribution





98.0
Other Miscellaneous Revenues
7,51410,869193,826121,633244,308
99.0
Proceeds of Sale of Bonds and Notes



1,200
100.0
Proceeds of Capital Leases/Install Purchases
190,49879,905229,500

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



4,450
106.0
Deposits Other than Utility





107.0
Prepaid Taxes



-111
108.0
Prepaid Privilege Licenses





109APART 4Governing Body - Salaries & Wages
17,65518,26626,762

109BGENERALGoverning Body - Other Direct
22,02717,56416,80627,13236,064
109CGOVTGoverning Body - Construction





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





110A
Administration - Salaries & Wages
299,347286,832372,317323,833297,378
110B
Administration - Other Direct
77,71773,94451,41626,28924,776
110C
Administration - Construction
17,206



110D
Administration - Purchase of P,P&E
7,08050,23789,722
3,095
111A
Elections - Salaries & Wages





111B
Elections - Other Direct
4,145



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
18,57118,84325,57824,34922,291
115B
Public Buildings - Other Direct
31,52533,41626,11123,53421,659
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
40,99240,58348,649

118B
Gen. Govt. All Other - Other Direct
260,094320,037280,823234,694230,843
118C
Gen. Govt. All Other - Construction





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





119APUBLICPolice & Comm - Traffic Control - Salaries and Wages
640,831631,677815,405733,020714,239
119BSAFETYPolice & Comm - Traffic Control - Other Direct
237,212254,817108,480152,548136,881
119C
Police & Comm - Traffic Control - Construction





119D
Police & Comm - Traffic Control - Purchase of P,P&E
80,51696,683


120A
Emergency Communications - Salaries & Wages





120B
Emergency Communications - Other Direct





120C
Emergency Communications - Construction





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





120B
Emergency Telephone Service Fund (ETSF) Expenditures - Operating





120C
ETSF Expenditures - Capital Construction





120D
ETSF Expenditures - Capital Purchases





121A
Emergency Mgmt - Salaries & Wages





121B
Emergency Mgmt - Other Direct





121C
Emergency Mgmt - Construction





121D
Emergency Mgmt - Purchase of P,P&E





122A
Fire - Salaries & Wages
230,288223,890233,740167,275154,182
122B
Fire - Other Direct
131,529118,693210,821101,89768,661
122C
Fire - Construction





122D
Fire - Purchase of P,P&E
89,823



123A
Inspectors - Salaries & Wages





123B
Inspectors - Other Direct





123C
Inspectors - Construction





123D
Inspectors - Purchase of P,P&E





124A
Rescue Units - Salaries & Wages





124B
Rescue Units - Other Direct





124C
Rescue Units - Construction





124D
Rescue Units - Purchase of P,P&E





125A
Animal Control - Salaries & Wages





125B
Animal Control - Other Direct





125C
Animal Control - Construction





125D
Animal Control - Purchase of P,P&E





126A
Pub. Safety All Other - Salaries & Wages





126B
Pub. Safety All Other - Other Direct





126C
Pub. Safety All Other - Construction





126D
Pub. Safety All Other - Purchase of P,P&E





127ATRANSPORTraffic Engineering - Salaries & Wages





127BTATIONTraffic Engineering - Other Direct





127C
Traffic Engineering - Construction





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





128A
Streets and Highways - Salaries & Wages
161,906161,173198,689178,213140,843
128B
Streets and Highways - Other Direct
126,980121,72262,86137,35541,600
128C
Streets and Highways - Construction





128D
Streets and Highways - Purchase of P,P&E
42,90526,78633,880

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

25015,17723,58115,905
130B
Powell Bill - Other Direct
63,918100,710110,68898,400100,168
130C
Powell Bill - Construction





130D
Powell Bill - Purchase of P,P&E
72,000



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
37,870
143143134
135B
Transpor. All Other - Other Direct
69,75233,94621,27912,97214,803
135C
Transpor. All Other - Construction
15,012



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


131,673

136AENVIRONSolid Waste - Salaries & Wages
30,57630,75038,57334,38339,187
136BMENTALSolid Waste - Other Direct
211,167226,853213,027197,546185,361
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
14,54814,25313,83715,07412,242
138C
Cemeteries - Construction





138D
Cemeteries - Purchase of P,P&E





139A
Environ. All Other - Salaries & Wages





139B
Environ. All Other - Other Direct





139C
Environ. All Other - Construction





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





140AECONOMICPlanning & Zoning - Salaries & Wages



45,35441,690
140B& PHYSICALPlanning & Zoning - Other Direct



38,6124,247
140CDEVELOPPlanning & Zoning - Construction





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





141A
Economic Development - Salaries & Wages





141B
Economic Development - Other Direct





141C
Economic Development - Construction





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





142A
Community Development - Salaries & Wages





142B
Community Development - Other Direct





142C
Community Development - Construction





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





143A
Housing & Urban Renewal - Salaries & Wages





143B
Housing & Urban Renewal - Other Direct
128,952



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
920,708175,259199,488175,164158,171
153BRECREATIONRecreation & Parks - Other Direct
835,458137,544103,077111,26861,651
153C
Recreation & Parks - Construction





153D
Recreation & Parks - Purchase of P,P&E
73,47739,43970,155

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
57,78455,94864,44267,54571,688
156B
Libraries - Other Direct
34,29531,55118,72621,02218,151
156C
Libraries - Construction





156D
Libraries - Purchase of P,P&E
1,682222


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

551,270516,260270,196113,010
157B
Cult. & Recr. All Other - Other Direct

563,608256,782225,845109,034
157C
Cult. & Recr. All Other - Construction





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





158AUTILITYWater & Sewer - Salaries & Wages
237,547267,392290,673267,856240,741
158B
Water & Sewer - Other Direct
1,981,6461,736,5191,795,4551,737,3681,168,943
158C
Water & Sewer - Construction
125,701



158D
Water & Sewer - Purchase of P,P&E
66,022
127,89425,11010,475
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 & Fees
4,4007,3632,0344,0686,102
161DSERVICEWater & Sewer - Principal
9,8749,47860,00060,00060,000
162B
Electric - Interest & Fees





162D
Electric - Principal





163B
Gas - Interest & Fees





163D
Gas - Principal





164B
School - Interest & Fees





164D
School - Principal





165B
Hospital - Interest & Fees





165D
Hospital - Principal





166B
All Other - Interest & Fees
18,80421,953
37,51146,619
166D
All Other - Principal
143,370152,777212,473164,070187,665
167BPENSIONDirect Benefit Program - Other Direct





168BFRINGEFringe Benefits Unallocated





169B
Separation Allowance - Law Enforcement
20,25419,758


170B
Separation Allowance - Other Employees





171B
Supplemental Retirement - Law Enforcement
28,74527,51127,33518,78025,156
172B
Fringe Benefits Other
85,82168,861


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 vehicles.2,111,893.001,871,746.001,744,743.001,737,265.001,528,134.00
180.0
Current year's levy -- Motor vehicles (only).204,221.00220,010.00225,229.00207,208.00183,908.00
181.0PART 6Uncollected Taxes - Current Year's Levy Except Mot Veh.74,280.0060,204.0054,051.0048,756.0057,482.00
182.0OTHERUncollected Taxes - CY Levy -Motor Vehicles
24,07924,23723,25620,5604,040
183.0DATAPercentage of Taxes Collected - All Property %0.0095.7595.9696.0896.4496.41
184.0DATAPercentage of Taxes Collected - Exclude Motor Vehicles%0.0096.4896.7896.9097.1996.24
185.0
Percentage of Taxes Collected - Motor Vehicles %0.0088.2188.9889.6790.0897.80
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 Other
2,939,3072,277,7182,171,3192,319,6622,077,376
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 Revenues
8,184,0127,074,4456,680,6206,172,5465,406,633
194BFISCALAmount - Subtract Refunding Bond Proceeds





194CSUMMARYAmount - Subtract Interfund Transfers In
6,84089,5004,500187,6314,500
194D
Amount - Net Revenues
8,177,1726,984,9456,676,1205,984,9155,402,133


Calculated amount
8,177,1726,984,9456,676,1205,984,9155,402,133


Amounts in AGREEMENT??YesYesYesYesYesYes


Difference





195A
Amount - Total Expenditures
7,834,5726,857,8786,895,7515,869,6384,588,155
195B
Amount - Subtract Pymts. to Refunded Debt Agent





195C
Amount - Subtract Interfund Transfers Out
6,84089,5004,500187,6314,500
195D
Amount - Net Expenditures
7,827,7326,768,3786,891,2515,682,0074,583,655


Calculated amount
7,827,7326,768,3786,891,2515,682,0074,583,655


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
263248
143,270
402BOperationsAmount processed and/or purchased in units Sewer
324270
290,191
403A
Total amount billed in units - Water
263248


403B
Total amount billed in units - Sewer
324269


404A
Of the total in 403A above how many units were Residential W
236223


404B
Of the total in 403B above how many units were Residential S
265220


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
1,096,110936,730740,229

408B
Dollars related to 403B above
1,778,0151,300,2321,110,740

409A
Dollars related to 404A above
782,166843,057596,238

409B
Dollars related to 404B above
1,045,2931,118,200663,270

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
2,9632,882


421B
Number of residential accounts billed - Sewer
2,6992,607


422A
Number of non-residential & bulk accounts billed - Water
158207


422B
Number of non-residential & bulk accounts billed - Sewer
133166


423A
Estimated percentage of accounts outside of municipal limits
































950.0
OfficialScott Tesh

951.0
TitleFinance Officer

952.0
Date





953.0
ContactJames P. Winston, II

954.0
TitleCPA

955.0
Phone919-693-5196




956.0
Fax919-693-7614




957.0
E-Mail:


















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Key Ratios and Operations Statistics of Water and Sewer Systems for



Town of Gibsonville













201120102009200820072006








Population
6,4375,9805,7755,4395,3354,619
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
$2,267,3922,404,1161,962,7461,836,7371,947,6651,620,226
Total Operating Revenues Per Capita
$352402340338365351
Group Weighted Average Revenues Per Capita465442409396397412
State Weighted Average Revenues Per Capita404384353365367356








% to Total Operating Revenues






Operating Expenses
99.94%96.06%107.57%117.21%110.17%89.09%
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
0.06%3.94%-7.57%-17.21%-10.17%10.91%
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%4.33%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
-0.11%-19.15%-3.60%-17.26%-10.29%10.66%
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
4.274.662.342.833.214.40
Group Weighted Average
3.362.993.223.123.263.67
State Weighted Average
3.483.202.812.962.902.82








Days Sales in Receivables
45.049.232.741.337.137.2
Group Weighted Average
53.357.765.252.352.853.8
State Weighted Average
54.458.958.655.260.057.8








Days Cash on Hand
55.949.615.110.376.6127.5
Group Weighted Average
360.2368.6384.6439.3462.7413.2
State Weighted Average
505.4465.8424.9457.2497.5457.2








Cash flow from Operations
$79,20466,840-12,385-298,116-156,147349,067








Debt to Equity
0.110.300.060.060.030.05
Group Weighted Average
0.410.400.400.310.280.25
State Weighted Average
0.600.600.570.560.560.52








Debt per Capita
257518211126
Group Weighted Average
924863806631533484
State Weighted Average
1,2821,2531,1291,1391,101988








Capital Expenditures:
201120102009200820072006


$0191,7230127,89425,11010,475










2005200420032002



$13,545105,6348,12516,336









Capital Contributions: Excluded from income above
$061,2980024,07665,131
















Operating Statistics














Estimated population of the areas served Water00000NA
Estimated population of the areas served Sewer00000NA








Number of Gallons of Water Processed (000) omitted02632480143,270NA
Number of Gallons of Sewage Processed (000) omitted03242700290,191NA








Number of Gallons of Water Billed (000) omitted026324800NA
Number of Gallons of Sewage Billed (000) omitted032426900NA








Ratio of Water Billed to Water Processed
1.000001.00000
0.00000NA
Ratio of Sewage Billed to Sewage Processed
1.000000.99630
0.00000NA








Total Revenue from Water Sales00000NA
Total Revenue from Sewage Sales01,778,0151,300,2321,110,7400NA








Water Revenue per 1000 gallons of Sales





NA
Sewage Revenue per 1000 gallons of Sales





NA








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








State Average Sales per thousand Gallons Water$0.00336$24.76610$28.47236$12,972.02948$5,350.70834NA
State Average Sales per thousand Gallons Sewage$0.00971$42.19716$44.32771$10,951.56798$3,952.35744NA








Residential Water Sales per thousand Gallons$0.000003,314.262713,780.52466

NA
Residential Sewage Sales per thousand Gallons$0.000003,944.501895,082.72727

NA








Water Sales per thousand Gallons outside Municipal Limits$0.00000



NA
Sewage Sales per thousand Gallons outside Municipal Limits$0.00000



NA








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




Financial Graphs and Comparisons


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Analysis of Available Fund Balance:  General Fund

20072008200920102011
Unit's FBA %49.58%43.32%43.57%47.07%55.54%
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

20062007200820092010
Municipality96.41%96.44%96.08%95.96%95.75%
Pop. Group96.72%96.70%95.81%95.41%95.40%
Statewide97.55%97.58%97.56%97.34%97.35%






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






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Analysis of General Obligation Debt

20072008200920102011
Municipality239000
Pop. Group9371698979
Statewide478456455449450






Municipal Population Group: 5,000 to 9,999






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Analysis of Revenue

20062007200820092010
Property Tax$369363370360387
Utility410357338344407
Sales Tax140133168130120
Sales & Services112138168256319
Intergovernmental6682888587
Debt Proceeds00421432
Other Miscellaneous7349532115
Total$1,1701,1221,2271,2101,367

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Analysis of Revenue for Fiscal 2011











2010
2010
CategoryRevenue
Per Capita
Property Tax$2,315,544
$387
Water/Sewer2,404,116
402
Electric0
0
Other Utilities28,329
5
Sales Tax717,300
120
Sales & Services1,910,199
319
Intergovernment522,459
87
Debt Proceeds190,498
32
Miscellaneous88,727
15
Total$8,177,172
$1,367





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





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Analysis of Expenditures by Function for Fiscal 2011











2010
2010
CategoryExpenditures
Per Capita
General Government$796,359
$133
Water/Sewer2,410,916
403
Electric0
0
Other Utilities0
0
Debt Service176,448
30
Transportation590,343
99
Public Safety1,459,198
244
Other2,394,468
400
Total$7,827,732
$1,309





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





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Analysis of Expenditures by Object for Fiscal 2011






2010
2010
CategoryExpenditures
Per Capita
Salaries & Wages$2,694,075
$451
Water/Sewer Capital191,723
32
Electric Capital0
0
Other Capital399,701
67
Other Operating4,542,233
759
Total$7,827,732
$1,309





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






Last Updated 6/15/2012 11:16:55 AM