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



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

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Note: All data unless otherwise specified is for the 12 month period ending June, 30th of the designated year



Municipality Revenues and Expenditures Financial Profile
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201120102009200820072006

Revenues by Source







Property Tax$699,136 $686,473 $0 $0 $593,312 $563,610


Utility - - - - - -


Sales Tax 280,324 283,313 - - 379,831 364,047


Sales & Services 214,373 211,500 - - 26,177 24,732


Intergovernmental 273,599 258,732 - - 443,360 216,920


Debt Proceeds - - - - 43,350 -


Other Miscellaneous 229,883 64,166 - - 378,258 110,578


Total$1,697,315 1,504,184 - - 1,864,288 1,279,887










Expenditures by Function







Utility$0 - - - - -


Debt Service - - - - 15,410 110,810


Transportation 410,479 285,798 - - 128,277 203,991


General Government 338,844 404,142 - - 326,728 255,021


Public Safety 778,833 710,278 - - 636,446 523,530


Other 245,328 167,756 - - 880,647 161,864


Total$1,773,484 1,567,974 - - 1,987,508 1,255,216










Expenditures by Object







Salaries & Wages$591,898 631,192 - - 466,170 342,559


Capital Outlay - - - - 736,520 104,890


Other Operating + Debt Service 1,181,586 936,782 - - 784,818 807,767


Total$1,773,484 1,567,974 - - 1,987,508 1,255,216



















Per Capita Revenues by Source







Property Tax$238 277 - - 258 250


Utility - - - - - -


Sales Tax 96 115 - - 165 162


Sales & Services 73 85 - - 11 11


Intergovernmental 93 104 - - 193 96


Debt Proceeds - - - - 19 -


Other Miscellaneous 78 26 - - 165 49


Total$578 607 - - 811 568










Per Capita Expenditures by Function







Utility$0 - - - - -


Debt Service - - - - 7 49


Transportation 140 115 - - 56 91


General Government 115 163 - - 142 113


Public Safety 265 287 - - 277 232


Other 84 68 - - 383 72


Total$604 633 - - 865 557










Per Capita Expenditures by Object







Salaries & Wages$202 255 - - 203 152


Capital Outlay - - - - 321 47


Other Operating 402 378 - - 341 358


Total$604 633 - - 865 557










Population GroupNo Electric 2,500 to 9,999 No Electric 1,000 to 2,499 No Electric 1,000 to 2,499 No Electric 1,000 to 2,499 No Electric 1,000 to 2,499 No Electric 1,000 to 2,499


Number of Municipalites in Group 119 96 100 101 101 103


Average Population In Group 4,793 1,660 1,652 1,661 1,642 1,638


Town of Granite Quarry Population 2,935 2,479 2,458 2,436 2,298 2,252

Group Average Per Capita Revenues by Source







Property Tax 356 410422406369348


Utility 392 421427415423391


Sales Tax 125 151177199195179


Sales & Services 86 8784827672


Intergovernmental 237 238239222221246


Debt Proceeds 127 747512969170


Other Miscellaneous 131 106146192196160


Total 1,454 1,4871,5701,6451,5491,566










Group Average Per Capita Expenditures by Function







Utility 422 492531572461487


Debt Service 111 127154126110108


Transportation 91 141148140142131


General Government 173 202216265201222


Public Safety 314 345350384346326


Other 242 178201203206205


Total 1,353 1,4851,6001,6901,4661,479










Group Average Per Capita Expenditures by Object







Salaries & Wages 447 462480450427402


Capital Outlay 250 255302483305373


Other Operating 655 768818757733704


Total 1,352 1,4851,6001,6901,4651,479


















General Fund
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201120102009200820072006

General Fund revenues$1,697,315 1,504,184 1,542,913 1,490,158 1,363,452 1,259,886

General Fund expenditures 1,773,484 1,567,974 1,585,431 1,626,691 1,315,570 1,247,737

Operating transfers in - - - - - -

Operating transfers out - - - - 160,954 55,000

Capital leases and installment purchase proceeds - - - - 43,350 -

Other items - - 1 - - 14,024

Excess of revenues and other sources over (under) expenditures and other uses (76,169) (63,790) (42,517) (136,533) (69,722) (28,827)










Fund balance available (FBA):







In dollars$1,185,903 1,250,524 1,236,100 1,222,647 1,096,371 1,434,148


FBA as a % of GF Net Expenditures:







Unit's FBA %66.8779.7577.9775.1676.50110.09


Group weighted average FBA %69.3066.7966.0562.4565.4864.58


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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None













Combined financial results:







Working capital







Quick ratio







Net income







Cashflow from operations







Depreciation & Amortization Expense































Cash, Investments and Financing
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201120102009200820072006











Population at July 1st of the Previous Year2,9352,4792,4582,4362,2982,252


Population GroupNo Electric 2,500 to 9,999 No Electric 1,000 to 2,499 No Electric 1,000 to 2,499 No Electric 1,000 to 2,499 No Electric 1,000 to 2,499 No Electric 1,000 to 2,499


Cash &Investments$1,260,658 $1,321,461 $0 $0 $1,181,229 $1,571,296


Investment Earnings6,510 13,321 0 0 84,753 37,455


Tax Rate Equivalent0.00300.00620.00000.00000.04700.0221


Tax Rate Equivalent Group weighted average0.00330.00480.01310.02610.04090.0283


Tax Rate Equivalent Statewide weighted average0.03170.02470.01330.05240.09200.0573


Latest year of Revaluation 200720072007200720032003


January 1, Prior Year Assessed Valuation$213,663,052 216,560,609 216,758,654 208,080,832 180,306,424 169,375,298


Tax Rate0.33000.33000.33000.33000.33000.3300


Tax Rate Group weighted average0.27780.29700.29830.28600.34240.3297


Tax Rate State Wide0.41220.40900.42620.42380.44500.4321


Assessment -to-Sales Ratio104.6097.7696.7299.7894.9098.39


Assessment -to-Sales Ratio Group weighted average102.1997.6986.7788.9479.9685.71


Assessment -to-Sales Ratio Statewide101.4798.2790.8188.5388.4192.28


Assessed Valuation Adjusted for Assesment to Sales Ratio$204,266,780 221,522,718 224,109,444 208,539,619 189,996,232 172,146,862


EffectiveTax Rate0.34520.32260.31920.32930.31320.3247


Group weighted average Effective Tax Rate0.28380.29010.25890.25440.27370.2826


Statewide weighted average Effective Tax Rate0.41830.40200.38700.37520.39340.3987


Percent Collected96.270096.42000.00000.000097.900095.8000


Percent Collected Group weighted average96.6795.3295.9996.8697.1896.94


Percent Collected Statewide97.4297.3597.3497.5697.5897.55


Percent Collected Excluding Motor Vehicles96.9197.180.000.0098.8298.54


Percent Collected Excluding Motor Vehicles Group weighted average97.3895.9296.6797.7898.0197.76


Percent Collected Excluding Motor Vehicles Statewide weighted average98.2598.2398.3098.6598.5998.61


Percent Collected Motor Vehicles Only 90.4890.020.000.0091.3580.85


Percent Collected Motor Vehicles Only Group weighted average85.3885.2184.6085.1686.0785.54


Percent Collected Motor Vehicles Only Statewide weighted average 86.4186.3886.5586.7486.7186.80


Tax Uncollected89,996 93,578 0 0 77,752 96,505


Tax Rate Equivalent0.04210.04320.00000.00000.04310.0570


Dominant County: Rowan






Debt Information








Population Group2,500 to 4,9991,000 to 2,4991,000 to 2,4991,000 to 2,4991,000 to 2,4991,000 to 2,499


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 256 265 277 294 297


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%0.1838%0.1750%0.1852%0.2336%0.2606%


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 $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 Changes2,9352,4792,4582,4362,2982,252









1.5AFISCAL Governmental Activities Assets3,670,2473,506,282

3,796,0633,289,419
1.5BSUMMARYGovernmental Activities Liabilities91,83291,401

120,05976,171
3.5A
Business Type Activities Assets





3.5B
Business Type Activities Liabilties





6.5A
Fiduciary Funds Assets





6.5B
Fiduciary Funds Liabilties





10.0PART 2Current Collections of Unit -Wide Levy695,042682,517

573,502553,671
11.0TAXCurrent Collections of Special Tax Districts





12.0REVENUESPrior Years' Levy Collections



17,0906,502
13.0
Penalties and Interest4,0943,956

2,7203,437
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 Tax130,924126,905

128,807131,153
17.0
1/2% Local Government Option Sales Tax (40)85,69583,843

91,63583,553
18.0
1/2% Local Government Option Sales Tax (42)64,74867,699

91,10883,085
18.5
1/2% Local Government Option Sales Tax (44)-1,0434,866

68,28166,256
19.0
Privilege Licenses37,2846,982

3,7983,412
19.2
Privilege -- All other privileges and pemits





20.0
Auto Licenses





21.0
Vehicle Tax for Public Transportation





22.0
Other Licenses



13,66623,078
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



12,75654,985
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





41.0REVENUESTransitional Hold Harmless87,89561,768



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 Distribution9,21713,299

9,548
44.0
Utility Franchise Tax96,440109,337

79,59770,886
45.0
Beer and Wine Tax10,9263,506

10,1769,929
46.0
Powell Bill68,72968,076

73,09874,590
50.0
Court Fees - Facilities and Arrest Fees





51.0
General Government





52.0
Public Safety3922,746

8,1856,530
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



250,000
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





71.0PERMITS Building Permits





72.0& FEESInspection Fees





72.1
Amusements licensing and permit taxes





73.0
Other Permits





74.0SALES &Parking Revenues





75.0SERVICESRents and Royalties8,4126,766



76.0
Airport





77.0
Fire Protection Charges





78.0
Solid Waste97,55498,234

26,17724,732
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 Services108,407106,500



86.0UTILITYWater and Sewer Charges





87.0REVENUESElectric Charges





88.0
Gas Charges





88.1
Storm Water Fees





89.0MISC.Investment Earnings - Bond Proceeds





90.0REVENUESInvestment Earnings - All Other Funds6,51013,321

84,75337,455
91.0
Special Assessments





92.0
Private Contributions and Donations6,825


208,9216,350
93.0
Sales of Materials and Fixed Assets3,995



14,024
94.0
Sale of Real Property





95.0
Nongovt Contr For Streets & Traffic Signals





96.0
ABC Mixed Drink Surcharge





97.0
ABC Profit Distribution2,5357,817

280
98.0
Other Miscellaneous Revenues172,73436,046

66,8407,449
99.0
Proceeds of Sale of Bonds and Notes





100.0
Proceeds of Capital Leases/Install Purchases



43,350
101.0
Other




18,810
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 & Wages8,4009,000

10,5009,000
109BGENERALGoverning Body - Other Direct32,27949,677

1,7871,808
109CGOVTGoverning Body - Construction





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





110A
Administration - Salaries & Wages162,092153,440

115,96569,159
110B
Administration - Other Direct136,073192,025

173,632144,266
110C
Administration - Construction





110D
Administration - Purchase of P,P&E




6,935
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



7,0005,900
112C
Finance - Construction





112D
Finance - Purchase of P,P&E





113A
Taxes - Salaries & Wages





113B
Taxes - Other Direct



13,96913,388
113C
Taxes - Construction





113D
Taxes - Purchase of P,P&E





114A
Legal - Salaries & Wages





114B
Legal - Other Direct



3,8754,565
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 Wages255,343242,203

249,500184,530
119BSAFETYPolice & Comm - Traffic Control - Other Direct225,150194,309

182,988109,585
119C
Police & Comm - Traffic Control - Construction





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



44,71018,359
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 & Wages82,460150,533

17,89012,464
122B
Fire - Other Direct215,880123,233

130,729134,617
122C
Fire - Construction





122D
Fire - Purchase of P,P&E




56,117
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 & Wages60,84476,016

53,47946,515
128B
Streets and Highways - Other Direct144,34552,473

49,31053,805
128C
Streets and Highways - Construction





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



19,87216,000
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 Direct205,290157,309

5,61687,671
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 Direct146,263146,285

165,790105,999
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



9,83710,820
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





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 & Wages22,759


18,83620,891
153BRECREATIONRecreation & Parks - Other Direct76,30621,471

14,24616,675
153C
Recreation & Parks - Construction





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



671,9387,479
154A
Coliseum - Salaries & Wages





154B
Coliseum - Other Direct





154C
Coliseum - Construction





154D
Coliseum - Purchase of P,P&E





155A
Museums - Salaries & Wages





155B
Museums - Other Direct





155C
Museums - Construction





155D
Museums - Purchase of P,P&E





156A
Libraries - Salaries & Wages





156B
Libraries - Other Direct





156C
Libraries - Construction





156D
Libraries - Purchase of P,P&E





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





157B
Cult. & Recr. All Other - Other Direct





157C
Cult. & Recr. All Other - Construction





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





158AUTILITYWater & Sewer - Salaries & Wages





158B
Water & Sewer - Other Direct





158C
Water & Sewer - Construction





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





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





161DSERVICEWater & Sewer - Principal





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




810
166D
All Other - Principal



15,410110,000
167BPENSIONDirect Benefit Program - Other Direct





168BFRINGEFringe Benefits Unallocated





169B
Separation Allowance - Law Enforcement





170B
Separation Allowance - Other Employees





171B
Supplemental Retirement - Law Enforcement



10,6297,858
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 vehicles634,894.637,576.000.000.00514,112.00488,547.00
180.0
Current year's levy -- Motor vehicles (only)70,361.75,629.000.000.0071,670.0089,374.00
181.0PART 6Uncollected Taxes - Current Year's Levy Except Mot Veh19,635.17,949.000.000.006,082.007,131.00
182.0OTHERUncollected Taxes - CY Levy -Motor Vehicles6,7007,551

6,19817,119
183.0DATAPercentage of Taxes Collected - All Property %96.2796.420.000.0097.9095.80
184.0DATAPercentage of Taxes Collected - Exclude Motor Vehicles%96.9197.180.000.0098.8298.54
185.0
Percentage of Taxes Collected - Motor Vehicles %90.4890.020.000.0091.3580.85
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 Other1,260,6581,321,461

1,181,2291,571,296
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 Revenues1,697,3151,504,184

2,025,2421,334,887
194BFISCALAmount - Subtract Refunding Bond Proceeds





194CSUMMARYAmount - Subtract Interfund Transfers In



160,95455,000
194D
Amount - Net Revenues1,697,3151,504,184

1,864,2881,279,887


Calculated amount1,697,3151,504,184

1,864,2881,279,887


Amounts in AGREEMENT??YesYesYesYesYesYes


Difference





195A
Amount - Total Expenditures1,773,4841,567,974

2,148,4621,310,216
195B
Amount - Subtract Pymts. to Refunded Debt Agent





195C
Amount - Subtract Interfund Transfers Out



160,95455,000
195D
Amount - Net Expenditures1,773,4841,567,974

1,987,5081,255,216


Calculated amount1,773,4841,567,974

1,987,5081,255,216


Amounts in AGREEMENT??YesYesYesYesYesYes


Difference














401APart 10Number of residential accounts billed Water





401BWater /Number of residential accounts billed Sewer





402ASewer Amount processed and/or purchased in units Water





402BOperationsAmount processed and/or purchased in units Sewer





403A
Total amount billed in units - Water





403B
Total amount billed in units - Sewer





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





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





405A
Of the total in 403 above, how many units were Outside Muni W





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





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





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





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





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





408A
Dollars related to 403A above





408B
Dollars related to 403B above





409A
Dollars related to 404A above





409B
Dollars related to 404B above





410A
Dollars related to 405A above





410B
Dollars related to 405B above





411A
Dollars related to 406A above





411B
Dollars related to 406B above





412A
Dollars related to 407A above





412B
Dollars related to 407B above





421A
Number of residential accounts billed - Water





421B
Number of residential accounts billed - Sewer





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





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





423A
Estimated percentage of accounts outside of municipal limits
































950.0
OfficialMARY S. PONDS

951.0
TitleMAYOR

952.0
Date10/28/201102/15/2010

11/12/200901/24/2007
953.0
ContactBECKY SHIVES

954.0
TitleTOWN CLERK

955.0
Phone704-279-5596




956.0
Fax704-279-6648




957.0
E-Mail:


















Financial Graphs and Comparisons


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

20072008200920102011
Unit's FBA %76.50%75.16%77.97%79.75%66.87%
Group average FBA %65.48%62.45%66.05%66.79%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%65.48%37.47%39.53%






Municipal Population Group: No Electric 1,000 to 2,499

Go to top of page
Analysis of Property Tax

20072008200920102011
Municipality97.90%0.00%0.00%96.42%96.27%
Pop. Group97.18%96.86%95.99%95.32%96.67%
Statewide97.58%97.56%97.34%97.35%97.42%






Municipal Population Group: No Electric 1,000 to 2,499






Go to top of page
Analysis of General Obligation Debt

20072008200920102011
Municipality00000
Pop. Group294277265256113
Statewide478456455449450






Municipal Population Group: 1,000 to 2,499






Go to top of page
Analysis of Revenue

20072008200920102011
Property Tax$25800277238
Utility00000
Sales Tax1650011596
Sales & Services11008573
Intergovernmental1930010493
Debt Proceeds190000
Other Miscellaneous165002678
Total$81100607578

Go to top of page
Analysis of Revenue for Fiscal 2011











2011
2011
CategoryRevenue
Per Capita
Property Tax$699,136
$238
Water/Sewer0
0
Electric0
0
Utility0
0
Sales Tax280,324
96
Sales & Services214,373
73
Intergovernment273,599
93
Debt Proceeds0
0
Miscellaneous229,883
78
Total$1,697,315
$578





Municipal Population Group: No Electric 1,000 to 2,499





Go to top of page
Analysis of Expenditures by Function for Fiscal 2011











2011
2011
CategoryExpenditures
Per Capita
General Government$338,844
$115
Water/Sewer0
0
Electric0
0
Utilities0
0
Debt Service0
0
Transportation410,479
140
Public Safety778,833
265
Other245,328
84
Total$1,773,484
$604





Municipal Population Group: No Electric 1,000 to 2,499





Go to top of page
Analysis of Expenditures by Object for Fiscal 2011






2011
2011
CategoryExpenditures
Per Capita
Salaries & Wages$591,898
$202
Water/Sewer Capital0
0
Electric Capital0
0
Capital Outlay0
0
Other Operating1,181,586
402
Total$1,773,484
$604





Municipal Population Group: No Electric 1,000 to 2,499






Last Updated 6/15/2012 11:17:26 AM