North Carolina
Department of State Treasurer
Financial Information
Town of Granite Falls



Financial Profile | General Fund | Enterprise Funds | Cash, Investments and Financing
Annual Financial Information Report Detail | Water/Sewer Information
Electric System 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 Caldwell 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$1,451,203 $1,518,690 $1,347,019 $1,308,464 $1,297,104 $1,245,955


Utility 7,263,061 6,664,371 6,562,002 6,344,948 6,057,271 5,643,907


Sales Tax 554,516 566,724 728,432 788,270 813,228 726,619


Sales & Services 312,016 259,333 188,544 190,431 213,726 239,401


Intergovernmental 1,743,565 537,007 477,828 635,800 845,874 1,890,535


Debt Proceeds - - - - - 172,210


Other Miscellaneous 457,878 613,511 349,459 389,467 534,590 351,967


Total$11,782,239 10,159,636 9,653,284 9,657,380 9,761,793 10,270,594










Expenditures by Function







Utility$7,953,109 6,032,184 6,133,169 6,281,523 5,697,138 6,454,090


Debt Service 297,757 298,261 280,301 419,293 411,955 362,537


Transportation 568,026 516,525 562,287 677,597 653,775 611,365


General Government 573,999 474,806 461,645 571,491 833,374 715,757


Public Safety 1,397,634 1,599,945 1,448,468 1,494,219 1,335,654 1,225,723


Other 577,628 540,595 513,133 507,352 557,545 617,644


Total$11,368,153 9,462,316 9,399,003 9,951,475 9,489,441 9,987,116










Expenditures by Object







Salaries & Wages$1,810,968 1,728,614 1,755,334 1,912,186 1,517,066 2,312,145


Capital Outlay 1,817,497 412,718 216,631 616,552 1,396,909 1,889,823


Other Operating + Debt Service 7,739,688 7,320,984 7,427,038 7,422,737 6,575,466 5,785,148


Total$11,368,153 9,462,316 9,399,003 9,951,475 9,489,441 9,987,116



















Per Capita Revenues by Source







Property Tax$307 304 271 267 268 262


Utility 1,536 1,333 1,318 1,294 1,250 1,185


Sales Tax 116 113 146 160 168 153


Sales & Services 66 52 38 39 44 50


Intergovernmental 369 107 96 130 175 397


Debt Proceeds - - - - - 36


Other Miscellaneous 97 123 70 79 110 74


Total$2,491 2,032 1,939 1,969 2,015 2,157










Per Capita Expenditures by Function







Utility$1,681 1,207 1,232 1,281 1,176 1,355


Debt Service 63 60 56 86 85 76


Transportation 120 103 113 138 135 128


General Government 122 95 93 116 172 151


Public Safety 295 320 291 305 276 257


Other 122 108 103 103 115 130


Total$2,403 1,893 1,888 2,029 1,959 2,097










Per Capita Expenditures by Object







Salaries & Wages$383 346 353 390 313 486


Capital Outlay 384 83 44 126 288 397


Other Operating 1,636 1,464 1,491 1,513 1,358 1,214


Total$2,403 1,893 1,888 2,029 1,959 2,097










Population GroupElectric 2,500 to 9,999 Electric 2,500 to 9,999 Electric 2,500 to 9,999 Electric 2,500 to 9,999 Electric 2,500 to 9,999 Electric 2,500 to 9,999


Number of Municipalites in Group 21 19 20 21 20 20


Average Population In Group 5,155 4,773 4,967 5,139 5,149 5,074


Town of Granite Falls Population 4,730 4,999 4,979 4,904 4,845 4,762

Group Average Per Capita Revenues by Source







Property Tax 336 308317304301285


Utility 2,187 1,8281,7751,9601,8951,850


Sales Tax 130 112134161162152


Sales & Services 166 131125137120119


Intergovernmental 313 248223196220226


Debt Proceeds 141 708915312454


Other Miscellaneous 143 211227231184125


Total 3,416 2,9082,8903,1423,0062,811










Group Average Per Capita Expenditures by Function







Utility 1,929 1,6871,6891,8071,7001,712


Debt Service 150 13610214410999


Transportation 139 106125127148136


General Government 202 189192161181163


Public Safety 427 399359424405362


Other 423 385344420365329


Total 3,270 2,9022,8113,0832,9082,801










Group Average Per Capita Expenditures by Object







Salaries & Wages 673 597631637595593


Capital Outlay 349 274258438375348


Other Operating 2,243 2,0261,9182,0081,9381,860


Total 3,265 2,8972,8073,0832,9082,801


















General Fund
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201120102009200820072006

General Fund revenues$3,203,266 3,118,981 3,057,518 3,173,543 3,102,088 2,868,576

General Fund expenditures 3,197,522 3,218,141 3,053,845 3,318,277 2,915,782 2,706,987

Operating transfers in - - - - - -

Operating transfers out - - - - 283,338 67,049

Capital leases and installment purchase proceeds - 235,000 - - - -

Other items - - - - - -

Excess of revenues and other sources over (under) expenditures and other uses 5,744 135,840 3,673 (144,734) (97,032) 94,540










Fund balance available (FBA):







In dollars$1,300,900 1,329,537 1,164,745 1,151,820 1,251,580 1,398,030


FBA as a % of GF Net Expenditures:







Unit's FBA %40.6844.5738.1434.7139.1250.40


Group weighted average FBA %48.5647.3441.3239.9437.6839.10


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, Water/Sewer













Combined financial results:







Working capital$3,420,978 3,264,601 2,551,703 2,192,398 2,589,074 2,018,173


Quick ratio3.31 4.12 3.41 2.77 2.63 2.69


Net income1,440,618 216,457 (164,279)442,758 1,056,118 1,534,929


Cashflow from operations1,150,892 1,027,093 513,050 556,040 421,098 421,744


Depreciation & Amortization Expense665,456 807,640 822,383 745,075 719,266 739,385


























Cash, Investments and Financing
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201120102009200820072006











Population at July 1st of the Previous Year4,7304,9994,9794,9044,8454,762


Population GroupElectric 2,500 to 9,999 Electric 2,500 to 9,999 Electric 2,500 to 9,999 Electric 2,500 to 9,999 Electric 2,500 to 9,999 Electric 2,500 to 9,999


Cash &Investments$3,610,788 $3,704,096 $2,843,747 $2,586,165 $2,704,811 $3,045,047


Investment Earnings42,085 57,563 67,082 90,209 146,403 71,376


Tax Rate Equivalent0.01130.01540.01850.02610.04320.0217


Tax Rate Equivalent Group weighted average0.00750.01030.02400.05600.07220.0561


Tax Rate Equivalent Statewide weighted average0.03170.02470.01330.05240.09200.0573


Latest year of Revaluation 200520052005200520052005


January 1, Prior Year Assessed Valuation$373,452,874 374,760,087 363,532,420 346,019,652 338,524,200 329,532,981


Tax Rate0.42000.42000.42000.42000.42000.4200


Tax Rate Group weighted average0.39140.37330.37810.38340.40660.4094


Tax Rate State Wide0.41220.40900.42620.42380.44500.4321


Assessment -to-Sales Ratio96.5690.7985.8588.8891.87100.00


Assessment -to-Sales Ratio Group weighted average98.1396.0190.5886.6889.3590.83


Assessment -to-Sales Ratio Statewide101.4798.2790.8188.5388.4192.28


Assessed Valuation Adjusted for Assesment to Sales Ratio$386,757,326 412,776,833 423,450,693 389,311,040 368,481,768 329,532,981


EffectiveTax Rate0.40560.38130.36060.37330.38590.4200


Group weighted average Effective Tax Rate0.38410.35840.34250.33230.36330.3719


Statewide weighted average Effective Tax Rate0.41830.40200.38700.37520.39340.3987


Percent Collected94.430095.640093.560096.000096.000095.6500


Percent Collected Group weighted average95.7996.1895.8295.9996.0095.42


Percent Collected Statewide97.4297.3597.3497.5697.5897.55


Percent Collected Excluding Motor Vehicles95.2496.5794.5397.1997.1096.63


Percent Collected Excluding Motor Vehicles Group weighted average96.7797.2096.8497.3097.3896.96


Percent Collected Excluding Motor Vehicles Statewide weighted average98.2598.2398.3098.6598.5998.61


Percent Collected Motor Vehicles Only 84.0284.1382.6883.7085.0986.14


Percent Collected Motor Vehicles Only Group weighted average81.5682.1682.5581.9682.2880.71


Percent Collected Motor Vehicles Only Statewide weighted average 86.4186.3886.5586.7486.7186.80


Tax Uncollected182,848 165,864 200,646 164,380 168,388 171,842


Tax Rate Equivalent0.04900.04430.05520.04750.04970.0521


Dominant County: Caldwell






Debt Information








Population Group2,500 to 4,9992,500 to 4,9992,500 to 4,9992,500 to 4,9992,500 to 4,9992,500 to 4,999


Ratings:







Fitch







Moody's







S & P
















General Obligation Debt (GO) where the taxing power of the entrire municipality is pledged to pay the obligation




Enterprise GO Debt$0 0 0 0 0 0


General Government GO Debt0 0 0 0 0 0


Total General Obligation Debt0 0 0 0 0 0


Per Capita$0 0 0 0 0 0


Total Per Capita for the Population Group113 107 158 152 149 162


Total Per Capita Statewide450 449 455 456 478 495


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


Total per Assessed Valuation Adjusted for Current Year Sales- Group Average0.0898%0.0802%0.1078%0.1101%0.1223%0.1565%


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


Total Authorized but not Issued General Obligation Debt
















Installment Sales Purchases and Lease Obligations







--Enterprise$155,371 305,049 449,243 588,155 856,977 1,115,896


--General Government333,333 366,667 400,000 433,333 466,667 500,000


Total*$488,704 671,715 849,243 1,021,488 1,323,643 1,615,896


* 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 Changes4,7304,9994,9794,9044,8454,762









1.5AFISCAL Governmental Activities Assets6,175,3496,711,3656,504,0526,618,1785,393,6081,933,770
1.5BSUMMARYGovernmental Activities Liabilities730,614773,978609,415595,351645,765159,143
3.5A
Business Type Activities Assets20,302,88518,584,82718,512,88718,955,22818,860,89017,948,655
3.5B
Business Type Activities Liabilties1,267,551990,1111,134,6281,412,6901,761,1101,904,993
6.5A
Fiduciary Funds Assets





6.5B
Fiduciary Funds Liabilties





10.0PART 2Current Collections of Unit -Wide Levy1,388,9421,395,7281,321,0021,282,5541,252,8661,212,545
11.0TAXCurrent Collections of Special Tax Districts





12.0REVENUESPrior Years' Levy Collections47,234101,07217,86717,70234,12626,128
13.0
Penalties and Interest15,02721,8908,1508,20810,1127,282
14.0
Collections of Taxes Previously Written Off





15.0
Animal Tax





15.1
Solid Waste Disposal Tax3,3523,4431,476


16.0
1% Local Government Option Sales Tax255,700230,432265,719224,626271,279242,862
17.0
1/2% Local Government Option Sales Tax (40)181,318179,089190,775207,886201,360173,871
18.0
1/2% Local Government Option Sales Tax (42)120,063135,810189,418206,664200,320178,735
18.5
1/2% Local Government Option Sales Tax (44)-2,56521,39382,520149,094140,269131,151
19.0
Privilege Licenses4,0253,8253,3573,5253,1722,970
19.2
Privilege -- All other privileges and pemits





20.0
Auto Licenses107,769114,970117,054124,550126,124121,899
21.0
Vehicle Tax for Public Transportation





22.0
Other Licenses52,75154,19258,48153,63742,68341,062
23.0
Local Occupancy Tax





24.0
Prepared Food Tax





25.0
911 Charges





26.0
Gross Short Term lease and Rental Tax2,2941018942

27.0FEDERALPayments In Lieu of Taxes - Federal





28.0INTERGOVEquitable Sharing of Fed. Forfeited Prop.





29.0REVENUESGeneral Government45,000




30.0
Public Safety





31.0
Transportation - Streets





32.0
Transportation - All Other





33.0
Environmental Protection




373,500
34.0
Econ. & Phys. Dev. - Housing/Comm. Dev.




567,407
35.0
Econ. & Phys. Dev. - All Other





36.0
Human Services: Health, Mental Hlt & Hosp





37.0
Human Services: All Other





38.0
Culture & Recreation





39.0STATEPayments In Lieu of Taxes - State





40.0INTERGOVUnauthorized Substance Tax1,4268,5431,7633,0091,867202
41.0REVENUESTransitional Hold Harmless193,761139,73953,581


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 Tax221,255214,228216,951209,187222,551201,014
45.0
Beer and Wine Tax22,0337,10122,02422,318

46.0
Powell Bill149,835149,567167,560185,129161,677162,682
50.0
Court Fees - Facilities and Arrest Fees5,2603,5732,9925,5563,0303,617
51.0
General Government





52.0
Public Safety
8,2568,70718,1507,0166,027
53.0
Transportation - Streets





54.0
Transportation - All Other





55.0
Environmental Protection




440,000
56.0
Econ. & Phys. Dev. - Housing/Community Dev





57.0
Econ. & Phys. Dev. - All Other1,091,195

192,451

58.0
Human Services -Health, Mental Health, Hosp





59.0
Human Services - All Other





60.0
Culture and Recreation



80,233136,086
61.0LOCALPayments in Lieu of Taxes - Local





62.0INTERGOVGeneral Government4,0006,0004,250


63.0REVENUESPublic Safety





64.0
Transportation - Streets





65.0
Transportation - All Other





66.0
Environmental Protection3,300




67.0
Economic and Physical Development



369,500
68.0
Human Services - Health, Mental Hlt & Hosp





69.0
Human Services - All Other





70.0
Culture and Recreation6,500




71.0PERMITS Building Permits





72.0& FEESInspection Fees





72.1
Amusements licensing and permit taxes





73.0
Other Permits3,1502,2551,9003,4024,6551,979
74.0SALES &Parking Revenues





75.0SERVICESRents and Royalties52,80535,80235,88328,08213,20016,650
76.0
Airport





77.0
Fire Protection Charges63,65165,91965,10059,79555,87257,091
78.0
Solid Waste9,0999,5128,61010,0359,2569,255
79.0
Ambulance and Rescue Squad Charges3,264




80.0
Cemeteries22,34022,18218,95526,04114,98820,855
81.0
Recreation Service Revenues62,93058,55957,39663,49053,53959,270
82.0
Library Service Revenues





83.0
Other Cultural and Rec Service Revenues1,056862



84.0
Mass Transit - City Operated





85.0
Other Sales and Services96,87166,4972,6002,98866,87176,280
86.0UTILITYWater and Sewer Charges1,645,2341,446,0371,394,4481,452,7191,459,9941,389,033
87.0REVENUESElectric Charges5,617,8275,218,3345,167,5544,892,2294,597,2774,254,874
88.0
Gas Charges





88.1
Storm Water Fees





89.0MISC.Investment Earnings - Bond Proceeds





90.0REVENUESInvestment Earnings - All Other Funds42,08557,56367,08290,209146,40371,376
91.0
Special Assessments 456319,6438,5711,9987,324
92.0
Private Contributions and Donations5,0005,0008,0005,4001,0003,250
93.0
Sales of Materials and Fixed Assets11,2982,22411,2765,765
1,152
94.0
Sale of Real Property18,502




95.0
Nongovt Contr For Streets & Traffic Signals





96.0
ABC Mixed Drink Surcharge



21,51820,773
97.0
ABC Profit Distribution29,31430,52042,68334,40334,3417,948
98.0
Other Miscellaneous Revenues178,293308,87828,31859,963152,69672,234
99.0
Proceeds of Sale of Bonds and Notes





100.0
Proceeds of Capital Leases/Install Purchases




172,210
101.0
Other
30,000



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 & Wages9,6009,6009,600


109BGENERALGoverning Body - Other Direct11,4346,75224,17234,63130,23931,129
109CGOVTGoverning Body - Construction





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





110A
Administration - Salaries & Wages265,777268,843273,136257,690210,420188,200
110B
Administration - Other Direct285,982188,191153,570271,637158,704134,065
110C
Administration - Construction


2,033396,169333,790
110D
Administration - Purchase of P,P&E1,2061,4201,1675,50037,84228,573
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 Direct





118C
Gen. Govt. All Other - Construction





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





119APUBLICPolice & Comm - Traffic Control - Salaries and Wages672,640629,802636,912633,789586,597536,753
119BSAFETYPolice & Comm - Traffic Control - Other Direct148,071141,169142,966151,444166,000140,465
119C
Police & Comm - Traffic Control - Construction





119D
Police & Comm - Traffic Control - Purchase of P,P&E51,76755,16384,79266,63457,13051,081
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 & Wages370,067358,047364,003347,519326,085314,746
122B
Fire - Other Direct111,563124,873157,332130,781111,755107,434
122C
Fire - Construction





122D
Fire - Purchase of P,P&E1,401237,1854,575104,67330,54016,389
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 & Wages281,054261,481291,121264,120237,478228,670
128B
Streets and Highways - Other Direct164,555145,412136,214177,031176,048160,520
128C
Streets and Highways - Construction





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



2,347
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 Direct122,417109,632134,952236,446237,902222,175
130C
Powell Bill - Construction





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





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 Direct174,194171,658183,148160,830153,194146,489
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 & Wages





140B& PHYSICALPlanning & Zoning - Other Direct





140CDEVELOPPlanning & Zoning - Construction





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





141A
Economic Development - Salaries & Wages





141B
Economic Development - Other Direct48,804




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 & Wages211,830200,841180,562167,962156,486160,348
153BRECREATIONRecreation & Parks - Other Direct131,328154,558149,423175,309142,482158,133
153C
Recreation & Parks - Construction





153D
Recreation & Parks - Purchase of P,P&E11,47213,538
3,2511,26010,975
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



104,123141,699
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 & Wages


115,849
447,455
158B
Water & Sewer - Other Direct 1,041,8091,031,9361,096,2361,119,0261,043,866600,218
158C
Water & Sewer - Construction1,470,58747,71565,47581,148

158D
Water & Sewer - Purchase of P,P&E35,67538,92959,455123,498106,6241,155,437
159A
Electric Power - Salaries & Wages


125,257
435,973
159B
Electric Power - Other Direct5,159,6494,894,8364,910,8364,486,9303,885,7743,663,128
159C
Electric Power - Construction94,956




159D
Electric Power - Purchase of P,P&E150,43318,7681,167229,815660,874151,879
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 & Fees6,83210,51014,26220,53624,78532,258
161DSERVICEWater & Sewer - Principal154,040135,362131,257282,988274,511251,178
162B
Electric - Interest & Fees2,7964,2935,8257,3044,40113,176
162D
Electric - Principal48,32361,82660,64538,81437,26347,979
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 & Fees21,85036,01817,23918,37222,460
166D
All Other - Principal63,91650,25251,07351,27948,53517,946
167BPENSIONDirect Benefit Program - Other Direct





168BFRINGEFringe Benefits Unallocated





169B
Separation Allowance - Law Enforcement20,13732,55737,18138,58338,58338,582
170B
Separation Allowance - Other Employees





171B
Supplemental Retirement - Law Enforcement21,98821,14920,70720,79618,96420,273
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 vehicles1,458,376.1,447,014.001,397,177.001,318,878.001,292,186.001,254,682.00
180.0
Current year's levy -- Motor vehicles (only)113,413.116,180.00124,238.00127,356.00130,917.00129,511.00
181.0PART 6Uncollected Taxes - Current Year's Levy Except Mot Veh69,435.49,684.0076,408.0037,024.0037,471.0042,331.00
182.0OTHERUncollected Taxes - CY Levy -Motor Vehicles18,12618,43421,52120,75619,51617,950
183.0DATAPercentage of Taxes Collected - All Property %94.4395.6493.5696.0096.0095.65
184.0DATAPercentage of Taxes Collected - Exclude Motor Vehicles%95.2496.5794.5397.1997.1096.63
185.0
Percentage of Taxes Collected - Motor Vehicles %84.0284.1382.6883.7085.0986.14
186.0
Ttl Amt Salaries/Wages for Construction





187A
Capital Reserve Schools - July 1, 2009





187B
Capital Reserve Schools - June 30, 2010





188A
Capital Reserve Hospitals - July 1, 2009





188B
Capital Reserve Hospitals - June 30, 2010





189APART 7Cash On Hand & in Bank - Debt Service





189BCASH &Cash On Hand & in Bank - Construction Bond





189CINVESTCash On Hand & in Bank - All Other3,610,7883,704,0962,843,7472,586,1652,704,8113,045,047
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 Revenues12,255,04610,159,6369,718,2849,739,3809,917,79310,203,545
194BFISCALAmount - Subtract Refunding Bond Proceeds





194CSUMMARYAmount - Subtract Interfund Transfers In472,807
65,00082,000156,000-67,049
194D
Amount - Net Revenues11,782,23910,159,6369,653,2849,657,3809,761,79310,270,594


Calculated amount11,782,23910,159,6369,653,2849,657,3809,761,79310,270,594


Amounts in AGREEMENT??YesYesYesYesYesYes


Difference





195A
Amount - Total Expenditures11,840,9609,510,3169,464,00310,033,4759,645,4419,920,067
195B
Amount - Subtract Pymts. to Refunded Debt Agent
48,000



195C
Amount - Subtract Interfund Transfers Out472,807
65,00082,000156,000-67,049
195D
Amount - Net Expenditures11,368,1539,462,3169,399,0039,951,4759,489,4419,987,116


Calculated amount11,368,1539,462,3169,399,0039,951,4759,489,4419,987,116


Amounts in AGREEMENT??YesYesYesYesYesYes


Difference














401APart 10Number of residential accounts billed Water



12,000
401BWater /Number of residential accounts billed Sewer



4,845
402ASewer Amount processed and/or purchased in units Water336400401468460,631
402BOperationsAmount processed and/or purchased in units Sewer113127127121148,090
403A
Total amount billed in units - Water117340346384353,717
403B
Total amount billed in units - Sewer118120120109110,980
404A
Of the total in 403A above how many units were Residential W143109126124160,536
404B
Of the total in 403B above how many units were Residential S8075844276,496
405A
Of the total in 403 above, how many units were Outside Muni W



49,330
405B
Of the total in 403 above, how many units were Outside Muni S



613
406A
Of the total in 405A above how many units were Residential W



20,494
406B
Of the total in 405B above how many units were Residential S



613
407A
Of the total in 403A, how many units were sold for redistribution



159,310
407B
Of the total in 403B how many unit were delivered in bulk





408A
Dollars related to 403A above1,124,407992,812932,580998,968962,096
408B
Dollars related to 403B above528,188471,059442,102434,668418,812
409A
Dollars related to 404A above645,401530,523568,118385,547746,492
409B
Dollars related to 404B above418,097363,158343,38737,683314,479
410A
Dollars related to 405A above



164,322
410B
Dollars related to 405B above



6,114
411A
Dollars related to 406A above



58,182
411B
Dollars related to 406B above



6,114
412A
Dollars related to 407A above



226,633
412B
Dollars related to 407B above





421A
Number of residential accounts billed - Water2,3252,3172,3632,388

421B
Number of residential accounts billed - Sewer1,6661,6651,7051,715

422A
Number of non-residential & bulk accounts billed - Water2172162153

422B
Number of non-residential & bulk accounts billed - Sewer204203201


423A
Estimated percentage of accounts outside of municipal limits
































950.0
OfficialMARSHA HARBISON

951.0
TitleFINANCE OFFICER

952.0
Date10/31/201111/30/201012/11/200911/26/200812/11/2007November 22,2006
953.0
ContactSAME

954.0
TitleSAME

955.0
Phone828-396-3131




956.0
Fax828-396-3133




957.0
E-Mail:


















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Key Ratios and Operations Statistics of Water and Sewer Systems for



Town of Granite Falls













201120102009200820072006








Population
4,7304,9994,9794,9044,8454,762
Population Group
Electric 2,500 to 9,999 Electric 2,500 to 9,999 Electric 2,500 to 9,999 Electric 2,500 to 9,999 Electric 2,500 to 9,999 Electric 2,500 to 9,999
Total Operating Revenues
$1,663,7701,470,8011,394,4481,452,7191,459,9941,389,422
Total Operating Revenues Per Capita
$352294280296301292
Group Weighted Average Revenues Per Capita482434434459448428
State Weighted Average Revenues Per Capita404384353365367356








% to Total Operating Revenues






Operating Expenses
91.87%113.45%124.13%131.46%110.17%116.26%
Group Weighted Average
92.79%95.98%96.23%91.63%92.26%96.27%
State Weighted Average
82.59%85.08%89.86%86.70%82.47%81.57%








Operating Margin
8.13%-13.45%-24.13%-31.46%-10.17%-16.26%
Group Weighted Average
7.21%4.02%3.77%8.37%7.74%3.73%
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%3.60%
Group Weighted Average
2.06%3.18%0.73%0.56%1.26%1.85%
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
3.87%4.71%7.68%9.56%6.31%7.68%
State Weighted Average
1.89%1.79%2.55%3.08%1.94%2.63%








Net Income before capital contributions
7.89%-11.79%-24.77%-30.82%-4.95%-9.86%
Group Weighted Average
2.46%1.12%-7.09%0.66%3.60%-2.97%
State Weighted Average
8.52%7.13%-10.44%7.19%11.65%9.59%








Key Ratios and Cash Flow














Quick Ratio
2.625.304.183.903.382.99
Group Weighted Average
3.292.783.012.562.642.16
State Weighted Average
3.483.202.812.962.902.82








Days Sales in Receivables
160.856.056.053.254.243.6
Group Weighted Average
52.148.845.948.250.155.5
State Weighted Average
54.458.958.655.260.057.8








Days Cash on Hand
259.1319.1234.2185.6321.6302.3
Group Weighted Average
271.1255.6220.5217.5213.5174.3
State Weighted Average
505.4465.8424.9457.2497.5457.2








Cash flow from Operations
$504,041409,685286,300115,800356,500334,485








Debt to Equity
0.010.020.030.040.070.09
Group Weighted Average
0.170.190.140.150.140.16
State Weighted Average
0.600.600.570.560.560.52








Debt per Capita
194976109160224
Group Weighted Average
445478340360337367
State Weighted Average
1,2821,2531,1291,1391,101988








Capital Expenditures:
201120102009200820072006


$1,506,26286,644124,930204,646106,6241,155,437










2005200420032002



$829,404467,507162,790419,328









Capital Contributions: Excluded from income above
$1,042,391001,092,750156,0001,685,907
















Operating Statistics














Estimated population of the areas served Water000012,000NA
Estimated population of the areas served Sewer00004,845NA








Number of Gallons of Water Processed (000) omitted336400401468460,631NA
Number of Gallons of Sewage Processed (000) omitted113127127121148,090NA








Number of Gallons of Water Billed (000) omitted117340346384353,717NA
Number of Gallons of Sewage Billed (000) omitted118120120109110,980NA








Ratio of Water Billed to Water Processed0.349120.850000.862840.820510.76790NA
Ratio of Sewage Billed to Sewage Processed1.039480.944880.944880.900830.74941NA








Total Revenue from Water Sales1,124,407992,812932,580998,968962,096NA
Total Revenue from Sewage Sales528,188471,059442,102434,668418,812NA








Water Revenue per 1000 gallons of Sales




80.17467NA
Sewage Revenue per 1000 gallons of Sales




86.44211NA








Group Average Sales per thousand Gallons Water$0.00943$63.97030$5.52170$24,036.64247$36.77508NA
Group Average Sales per thousand Gallons Sewage$0.00789$67.01963$5.56525$23,235.35221$57.41311NA








State Average Sales per thousand Gallons Water$0.00013$39.04205$39.12016$9.21753$4,470.42307NA
State Average Sales per thousand Gallons Sewage$0.00015$32.79990$40.21027$25.29767$2,448.46180NA








Residential Water Sales per thousand Gallons$4,512.661594,867.183494,508.873023,109.250004.65000NA
Residential Sewage Sales per thousand Gallons$5,245.884574,842.106674,087.94048897.214294.11105NA








Water Sales per thousand Gallons outside Municipal Limits



3.33108NA
Sewage Sales per thousand Gallons outside Municipal Limits



9.97390NA








Total Water Sales per thousand gallons for Redistribution$0.000000.000000.000000.00000226,633.00000NA
Total Sewage Sales per thousand gallons for Redistribution$0.000000.000000.000000.000000.00000NA




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Key Ratios of Electric Systems for The




Town of Granite Falls













201120102009200820072006








Population
4,7304,9994,9794,9044,8454,762
Power Agency Group
N.C. Municipal Power Agency Number 1
Total Operating Revenues
$5,779,0085,476,7655,185,9234,986,5064,613,1134,267,406
Group Weighted Average
24,946,15623,064,70722,030,75722,254,71621,085,16320,184,548








% to Total Operating Revenues






Power Purchases
70.2%70.0%70.2%68.2%69.4%73.4%
Group Weighted Average
79.2%79.8%80.1%78.3%79.0%81.9%








Other Operating Expenses
24.5%23.0%26.4%36.0%18.1%27.2%
Group Weighted Average
15.7%16.2%18.2%17.1%17.6%17.5%








Operating Margin
5.3%7.0%3.4%-4.2%12.4%-0.6%
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
0.8%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
4.6%7.1%3.5%-4.1%13.1%-0.3%
Group Weighted Average
3.4%1.8%-1.2%3.5%4.9%-0.2%








Key Ratios and Cash Flow














Quick Ratio
3.93.73.12.42.22.5
Group Weighted Average
4.23.73.93.84.14.0








Coverage Ratio
1.101.131.080.981.221.03
Group Weighted Average
1.061.051.021.081.071.02








Days Sales in Receivables
48.951.956.060.477.642.4
Group Weighted Average
37.839.636.436.836.333.2








Days Cash on Hand
116.5104.965.750.844.262.4
Group Weighted Average
122.0112.3109.5118.3114.5127.6








Cash flow from Operations
$646,851617,408226,750440,24064,59887,259








Capital Expenditures:
$1,506,26286,644124,930204,646106,6241,155,437


















201120102009200820072006
Capital Contributions: Excluded from Income Above
$0000369,5000








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


0.62%0.63%NANANANA








Gross Electric Fund Assets as Cost
$6,135,5015,985,0685,978,7085,977,5415,876,0355,219,945
Estimated Tax Loss from Municipal Ownership of Utility
$25,769$25,13725,11125,10624,67921,924
Tax Rate Equivalent
0.00690.00670.00690.00730.00730.0067








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
0.40560.38130.36060.37330.38590.4200








Tax Rate Adjusted Excluding Transfers
0.40560.38130.36060.37330.38590.4200








Weighted Average Group Rate Adjusted
0.38410.35840.34250.33230.36330.3719








Weighted Average Non Electric Adjusted Rate
0.28380.26240.24860.24270.26020.2921




Financial Graphs and Comparisons


Go to top of page
Analysis of Available Fund Balance:  General Fund

20072008200920102011
Unit's FBA %39.12%34.71%38.14%44.57%40.68%
Group average FBA %37.68%39.94%41.32%47.34%48.56%
State average Electric/Non Electric Group FBA %33.92%35.32%34.32%33.60%34.72%
State average FBA %36.54%36.34%37.68%37.47%39.53%






Municipal Population Group: Electric 2,500 to 9,999

Go to top of page
Analysis of Property Tax

20072008200920102011
Municipality96.00%96.00%93.56%95.64%94.43%
Pop. Group96.00%95.99%95.82%96.18%95.79%
Statewide97.58%97.56%97.34%97.35%97.42%






Municipal Population Group: Electric 2,500 to 9,999






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Analysis of General Obligation Debt

20072008200920102011
Municipality00000
Pop. Group149152158107113
Statewide478456455449450






Municipal Population Group: 2,500 to 4,999






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Analysis of Revenue

20072008200920102011
Property Tax$268267271304307
Utility1,2501,2941,3181,3331,536
Sales Tax168160146113116
Sales & Services4439385266
Intergovernmental17513096107369
Debt Proceeds00000
Other Miscellaneous110797012397
Total$2,0151,9691,9392,0322,491

Go to top of page
Analysis of Revenue for Fiscal 2011











2011
2011
CategoryRevenue
Per Capita
Property Tax$1,451,203
$307
Water/Sewer1,645,234
348
Electric5,617,827
1,188
Other Utilities0
0
Sales Tax554,516
116
Sales & Services312,016
66
Intergovernment1,743,565
369
Debt Proceeds0
0
Miscellaneous457,878
97
Total$11,782,239
$2,491





Municipal Population Group: 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$573,999
$122
Water/Sewer2,548,071
539
Electric5,405,038
1,143
Other Utilities0
0
Debt Service297,757
63
Transportation568,026
120
Public Safety1,397,634
295
Other577,628
122
Total$11,368,153
$2,403





Municipal Population Group: 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$1,810,968
$383
Water/Sewer Capital1,506,262
318
Electric Capital245,389
52
Other Capital65,846
14
Other Operating7,739,688
1,636
Total$11,368,153
$2,403





Municipal Population Group: Electric 2,500 to 9,999






Last Updated 6/15/2012 11:17:21 AM