North Carolina
Department of State Treasurer
Financial Information
City of Hickory



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
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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$23,584,753 $23,700,135 $23,572,789 $23,356,678 $22,051,829 $21,628,919


Utility 21,120,751 20,664,697 19,530,500 19,738,401 17,799,545 16,892,729


Sales Tax 6,438,217 6,530,878 7,929,816 9,036,935 8,671,927 7,922,096


Sales & Services 5,049,491 4,681,611 4,786,419 4,976,333 4,670,342 4,513,733


Intergovernmental 25,773,033 11,713,180 8,815,082 11,310,886 10,116,657 12,159,784


Debt Proceeds - 671,305 1,042,685 - - -


Other Miscellaneous 3,597,663 5,072,310 4,873,606 6,915,251 7,560,007 5,791,868


Total$85,563,908 73,034,116 70,550,897 75,334,484 70,870,307 68,909,129










Expenditures by Function







Utility$28,677,008 16,054,048 11,612,565 12,174,605 10,349,305 13,555,966


Debt Service 5,181,899 5,413,012 5,607,046 5,700,252 5,780,230 6,735,710


Transportation 8,162,971 7,382,584 6,855,197 8,142,557 7,433,065 9,089,780


General Government 7,626,465 8,157,852 7,951,364 7,621,544 7,171,619 7,178,589


Public Safety 21,840,729 20,953,175 19,731,016 18,226,064 16,860,505 16,365,396


Other 13,439,289 13,202,137 14,529,132 15,111,564 14,679,772 13,944,667


Total$84,928,361 71,162,808 66,286,320 66,976,586 62,274,496 66,870,108










Expenditures by Object







Salaries & Wages$26,573,145 27,248,527 25,897,922 26,169,759 24,900,501 24,199,882


Capital Outlay 22,044,489 7,921,000 5,222,965 5,142,751 4,300,748 9,187,130


Other Operating + Debt Service 36,095,252 35,815,868 34,957,114 35,388,712 32,811,822 33,190,866


Total$84,712,886 70,985,395 66,078,001 66,701,222 62,013,071 66,577,878



















Per Capita Revenues by Source







Property Tax$588 576 578 576 548 554


Utility 527 502 479 487 443 433


Sales Tax 161 159 195 223 215 203


Sales & Services 126 114 117 123 116 116


Intergovernmental 643 285 216 279 252 312


Debt Proceeds - 16 26 - - -


Other Miscellaneous 90 123 120 171 188 148


Total$2,135 1,775 1,731 1,859 1,762 1,766










Per Capita Expenditures by Function







Utility$715 390 285 300 257 347


Debt Service 129 132 138 141 144 173


Transportation 204 179 168 201 185 233


General Government 191 198 195 188 179 185


Public Safety 545 509 484 450 419 419


Other 335 321 356 373 365 357


Total$2,119 1,729 1,626 1,653 1,549 1,714










Per Capita Expenditures by Object







Salaries & Wages$663 662 635 646 619 620


Capital Outlay 550 192 128 127 107 235


Other Operating 900 871 858 873 816 851


Total$2,113 1,725 1,621 1,646 1,542 1,706










Population GroupNo Electric 10,000 to 49,999 No Electric 10,000 to 49,999 No Electric 10,000 to 49,999 No Electric 10,000 to 49,999 No Electric 10,000 to 49,999 No Electric 10,000 to 49,999


Number of Municipalites in Group 43 42 41 38 34 32


Average Population In Group 19,559 19,501 19,477 20,391 20,926 20,968


City of Hickory Population 40,084 41,149 40,761 40,522 40,214 39,018

Group Average Per Capita Revenues by Source







Property Tax 423 427408403387370


Utility 311 297280312308307


Sales Tax 122 122134158158150


Sales & Services 67 6765726462


Intergovernmental 171 153150154143153


Debt Proceeds 157 9718024815673


Other Miscellaneous 120 8499126151122


Total 1,371 1,2471,3161,4731,3671,237










Group Average Per Capita Expenditures by Function







Utility 281 257292270291263


Debt Service 158 141140137126136


Transportation 114 118145128125129


General Government 138 150144229139144


Public Safety 331 336325327320313


Other 266 235235253261229


Total 1,288 1,2371,2811,3441,2621,214










Group Average Per Capita Expenditures by Object







Salaries & Wages 453 459448455445434


Capital Outlay 209 186261292247214


Other Operating 624 591571596569565


Total 1,286 1,2361,2801,3431,2611,213


















General Fund
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201120102009200820072006

General Fund revenues$43,058,757 43,279,379 42,796,286 45,838,312 42,129,278 40,736,121

General Fund expenditures 39,454,483 39,827,690 40,315,938 39,505,846 37,086,516 36,462,094

Operating transfers in 2,700,205 607,937 792,389 856,585 590,266 941,738

Operating transfers out 3,242,623 3,192,313 6,171,983 3,230,633 3,161,154 3,380,299

Capital leases and installment purchase proceeds - - - - 194,667 -

Other items - - - - - -

Excess of revenues and other sources over (under) expenditures and other uses 3,061,856 867,313 (2,899,246) 3,958,418 2,666,541 1,835,466










Fund balance available (FBA):







In dollars$24,067,939 13,650,865 14,127,504 15,352,989 12,355,443 10,210,631


FBA as a % of GF Net Expenditures:







Unit's FBA %56.3731.7330.3935.9230.8525.63


Group weighted average FBA %49.7744.2741.0843.4040.4338.05


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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Sanitation, Recycle, Airport Operation, Storm Water, Sludge Compost Fund, Water/Sewer













Combined financial results:







Working capital$18,001,885 18,677,992 11,046,334 (428,969) 7,759,442 5,818,662


Quick ratio4.91 4.85 3.06 2.66 2.33 1.93


Net income2,343,859 8,698,448 2,148,454 6,993,591 3,238,686 2,927,688


Cashflow from operations5,336,439 7,916,213 7,440,571 7,217,289 6,334,908 5,071,805


Depreciation & Amortization Expense3,225,200 3,187,181 3,182,803 3,194,374 3,195,904 3,122,234


























Cash, Investments and Financing
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201120102009200820072006











Population at July 1st of the Previous Year40,08441,14940,76140,52240,21439,018


Population GroupNo Electric 10,000 to 49,999 No Electric 10,000 to 49,999 No Electric 10,000 to 49,999 No Electric 10,000 to 49,999 No Electric 10,000 to 49,999 No Electric 10,000 to 49,999


Cash &Investments$51,225,377 $50,067,746 $47,005,436 $40,106,908 $32,451,948 $27,787,752


Investment Earnings610,920 1,119,322 1,596,848 2,168,661 1,814,380 945,108


Tax Rate Equivalent0.01320.02390.03500.04780.04110.0219


Tax Rate Equivalent Group weighted average0.00650.00940.02620.03930.05230.0385


Tax Rate Equivalent Statewide weighted average0.03170.02470.01330.05240.09200.0573


Latest year of Revaluation 200720072007200720032003


January 1, Prior Year Assessed Valuation$4,612,134,090 4,683,430,170 4,558,057,887 4,532,587,743 4,413,355,452 4,320,283,002


Tax Rate0.50000.50000.50000.50000.50000.5000


Tax Rate Group weighted average0.41990.42560.43350.45640.47540.4663


Tax Rate State Wide0.41220.40900.42620.42380.44500.4321


Assessment -to-Sales Ratio100.0097.8597.94100.0094.5896.47


Assessment -to-Sales Ratio Group weighted average101.5498.4792.4489.9990.6393.35


Assessment -to-Sales Ratio Statewide101.4798.2790.8188.5388.4192.28


Assessed Valuation Adjusted for Assesment to Sales Ratio$4,612,134,090 4,786,336,403 4,653,928,821 4,532,587,743 4,666,267,130 4,478,369,443


EffectiveTax Rate0.50000.48930.48970.50000.47290.4824


Group weighted average Effective Tax Rate0.42630.41910.40070.41070.43090.4353


Statewide weighted average Effective Tax Rate0.41830.40200.38700.37520.39340.3987


Percent Collected96.510096.530096.640097.340097.340097.6700


Percent Collected Group weighted average96.9596.9596.9997.3997.2397.48


Percent Collected Statewide97.4297.3597.3497.5697.5897.55


Percent Collected Excluding Motor Vehicles97.2797.2897.4398.2598.2898.63


Percent Collected Excluding Motor Vehicles Group weighted average97.8097.6697.8398.3498.3098.54


Percent Collected Excluding Motor Vehicles Statewide weighted average98.2598.2398.3098.6598.5998.61


Percent Collected Motor Vehicles Only 84.2884.4985.5185.0885.6585.63


Percent Collected Motor Vehicles Only Group weighted average86.5087.4486.5187.0986.1587.32


Percent Collected Motor Vehicles Only Statewide weighted average 86.4186.3886.5586.7486.7186.80


Tax Uncollected2,005,816 2,029,262 2,159,743 2,004,630 2,012,455 1,875,962


Tax Rate Equivalent0.04350.04330.04740.04420.04560.0434


Dominant County: Catawba






Debt Information








Population Group25,000 to 49,99925,000 to 49,99925,000 to 49,99925,000 to 49,99925,000 to 49,99925,000 to 49,999


Ratings:







Fitch







Moody'sAa2Aa2Aa3Aa3Aa3Aa3


S & PAAAAAA-AA-AA-AA-











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




Enterprise GO Debt$56,000 743,000 1,745,250 2,769,250 3,811,750 4,876,000


General Government GO Debt104,000 507,000 724,750 945,750 1,173,250 1,404,000


Total General Obligation Debt160,000 1,250,000 2,470,000 3,715,000 4,985,000 6,280,000


Per Capita$4 30 61 92 124 161


Total Per Capita for the Population Group232 220 221 247 243 283


Total Per Capita Statewide450 449 455 456 478 495


Total per Assessed Valuation Adjusted for Current Year Sales0.0035%0.0261%0.0531%0.0820%0.1068%0.1402%


Total per Assessed Valuation Adjusted for Current Year Sales- Group Average0.2405%0.2139%0.2012%0.2539%0.2706%0.3405%


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$15,827,513 17,373,833 18,920,153 20,466,474 22,012,794 23,559,114


--General Government3,287,379 4,151,599 5,004,157 4,750,598 5,476,643 6,192,083


Total*$19,114,893 21,525,432 23,924,311 25,217,072 27,489,437 29,751,197


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




Revenue Bond Debt $4,311,089 4,260,000 4,970,000 5,680,000 6,390,000 7,100,000


















Annual Financial Information Report Detail
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LineSectionDescription201120102009200820072006

Population at July 1st of the Previous Year Adjusted for Boundry Changes40,08441,14940,76140,52240,21439,018









1.5AFISCAL Governmental Activities Assets102,061,481100,238,662104,738,573102,400,634103,080,808100,434,160
1.5BSUMMARYGovernmental Activities Liabilities19,379,11719,279,27519,077,98318,440,12219,372,77620,461,485
3.5A
Business Type Activities Assets153,208,618136,854,656129,525,696131,810,675127,595,900127,515,171
3.5B
Business Type Activities Liabilties34,552,27121,776,42923,274,51225,608,44728,069,79031,094,024
6.5A
Fiduciary Funds Assets





6.5B
Fiduciary Funds Liabilties





10.0PART 2Current Collections of Unit -Wide Levy22,862,18523,094,37123,050,70422,744,26421,613,69721,128,187
11.0TAXCurrent Collections of Special Tax Districts





12.0REVENUESPrior Years' Levy Collections583,326491,189418,664511,160354,480405,070
13.0
Penalties and Interest139,242114,575103,421101,25483,65295,662
14.0
Collections of Taxes Previously Written Off





15.0
Animal Tax





15.1
Solid Waste Disposal Tax34,09028,24712,196


16.0
1% Local Government Option Sales Tax3,349,8923,294,2223,826,2814,017,2623,776,3093,510,142
17.0
1/2% Local Government Option Sales Tax (40)1,477,0971,461,7091,560,5041,706,7201,662,1821,482,319
18.0
1/2% Local Government Option Sales Tax (42)1,624,7451,572,9511,541,3511,688,5971,648,1621,468,581
18.5
1/2% Local Government Option Sales Tax (44)-13,517201,9961,001,6801,624,3561,585,2741,461,054
19.0
Privilege Licenses1,074,2081,119,2471,169,0471,177,8561,114,5481,064,401
19.2
Privilege -- All other privileges and pemits8721,0709201,3261,0631,084
20.0
Auto Licenses153,545151,761150,895157,152153,193149,143
21.0
Vehicle Tax for Public Transportation





22.0
Other Licenses86,65658,300103,914102,816258,773422,592
23.0
Local Occupancy Tax1,231,4591,067,127937,5041,132,7981,105,8451,012,157
24.0
Prepared Food Tax





25.0
911 Charges





26.0
Gross Short Term lease and Rental Tax103,67682,39773,52783,47475,42181,271
27.0FEDERALPayments In Lieu of Taxes - Federal





28.0INTERGOVEquitable Sharing of Fed. Forfeited Prop.56,946124,57462,30132,55029,857
29.0REVENUESGeneral Government69,579139,721



30.0
Public Safety732,920880,103231,420336,471244,48441,451
31.0
Transportation - Streets
80,0006,495668,385130,720306,114
32.0
Transportation - All Other2,142,073373,90388,9901,046,1181,140,0212,985,541
33.0
Environmental Protection14,435,571671,305



34.0
Econ. & Phys. Dev. - Housing/Comm. Dev.380,862220,284456,086405,733425,534468,016
35.0
Econ. & Phys. Dev. - All Other
149,760110,54511,404

36.0
Human Services: Health, Mental Hlt & Hosp





37.0
Human Services: All Other





38.0
Culture & Recreation
20,9993,81115,0002,0001,000
39.0STATEPayments In Lieu of Taxes - State31,27527,35017,25011,4395,14612,879
40.0INTERGOVUnauthorized Substance Tax15,56520,19925,553


41.0REVENUESTransitional Hold Harmless382,286379,067189,293181,108196,495316,612
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 Tax3,265,7513,267,4753,268,1373,254,4622,746,2122,500,144
45.0
Beer and Wine Tax181,36958,141181,498184,740175,817171,660
46.0
Powell Bill1,185,8301,157,4291,305,1071,453,3811,276,7981,301,182
50.0
Court Fees - Facilities and Arrest Fees154,983175,024175,228169,391167,278158,309
51.0
General Government

3,545


52.0
Public Safety21,52370,56482,96776,72496,57997,163
53.0
Transportation - Streets129,283583,454167,602293,625286,872680,186
54.0
Transportation - All Other281,59645,9342,230236,571415,896233,366
55.0
Environmental Protection166,500844,479
25,000
408,044
56.0
Econ. & Phys. Dev. - Housing/Community Dev16,26815,06366,931


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 Recreation27,96728,49934,89031,49133,74837,810
61.0LOCALPayments in Lieu of Taxes - Local





62.0INTERGOVGeneral Government
51,613



63.0REVENUESPublic Safety391,433390,053145,779149,330153,618128,865
64.0
Transportation - Streets7,59422,721153,334
12,000
65.0
Transportation - All Other16,13918,53913,739621,814650,627669,027
66.0
Environmental Protection1,405,2151,612,6261,735,1031,824,7021,646,1701,362,893
67.0
Economic and Physical Development79,50586,28888,69691,10593,51395,922
68.0
Human Services - Health, Mental Hlt & Hosp





69.0
Human Services - All Other





70.0
Culture and Recreation195,000198,013198,552190,342187,272183,600
71.0PERMITS Building Permits2,1752,0649802,5971,3612,457
72.0& FEESInspection Fees





72.1
Amusements licensing and permit taxes





73.0
Other Permits





74.0SALES &Parking Revenues77,56270,51182,851106,870121,036125,216
75.0SERVICESRents and Royalties787,009786,959826,786823,323836,199842,461
76.0
Airport290,021347,142358,424310,286278,596336,021
77.0
Fire Protection Charges157,798149,592163,477153,951142,143120,478
78.0
Solid Waste3,380,5232,967,8662,972,7052,872,6942,551,3592,362,467
79.0
Ambulance and Rescue Squad Charges





80.0
Cemeteries32,51158,91648,41935,10037,75950,413
81.0
Recreation Service Revenues230,567208,810225,280347,137415,638444,607
82.0
Library Service Revenues64,47169,07679,54787,69683,09486,233
83.0
Other Cultural and Rec Service Revenues





84.0
Mass Transit - City Operated

4,480208,561182,741140,205
85.0
Other Sales and Services29,02922,73924,45030,71521,7775,632
86.0UTILITYWater and Sewer Charges21,120,48120,663,79719,525,93419,733,21717,799,54516,892,729
87.0REVENUESElectric Charges





88.0
Gas Charges





88.1
Storm Water Fees2709004,5665,184

89.0MISC.Investment Earnings - Bond Proceeds





90.0REVENUESInvestment Earnings - All Other Funds610,9201,119,3221,596,8482,168,6611,814,380945,108
91.0
Special Assessments 10,3311,63038,84036,82674,49316,842
92.0
Private Contributions and Donations23,98984,139167,867320,4282,226,2461,046,374
93.0
Sales of Materials and Fixed Assets4,11836,55385,28362,31674,94693,458
94.0
Sale of Real Property31,969
15,7481,145,427
146,356
95.0
Nongovt Contr For Streets & Traffic Signals





96.0
ABC Mixed Drink Surcharge





97.0
ABC Profit Distribution





98.0
Other Miscellaneous Revenues229,6551,320,453520,037523,574465,071810,625
99.0
Proceeds of Sale of Bonds and Notes





100.0
Proceeds of Capital Leases/Install Purchases
671,3051,042,685


101.0
Other



194,667
102.0NON-REVSchool - Current Levy Collections





103.0RECEIPTSPrior Years' Levy Collections





104.0
Tax Collections for Other Units





105.0
Utilities Customer's Deposits33,31842,30045,21385,01515,6308,761
106.0
Deposits Other than Utility-7,5801,36494016,012-1,59613,985
107.0
Prepaid Taxes-11,34713,5146,9592,136-23,44119,678
108.0
Prepaid Privilege Licenses401,360-108,993107,799-80,319-328,490266,939
109APART 4Governing Body - Salaries & Wages81,38386,40182,07883,81780,89057,150
109BGENERALGoverning Body - Other Direct498,545397,529314,497255,314246,641268,882
109CGOVTGoverning Body - Construction





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





110A
Administration - Salaries & Wages1,045,7341,186,7961,258,4141,107,9281,074,7261,071,591
110B
Administration - Other Direct473,143594,767548,260529,278504,802470,941
110C
Administration - Construction





110D
Administration - Purchase of P,P&E6,2644,88715,77319,6985,49813,033
111A
Elections - Salaries & Wages





111B
Elections - Other Direct


36,393
31,365
111C
Elections - Construction





111D
Elections - Purchase of P,P&E





112A
Finance - Salaries & Wages789,637796,515758,842684,182729,995772,447
112B
Finance - Other Direct592,281610,699357,779361,892295,930259,580
112C
Finance - Construction





112D
Finance - Purchase of P,P&E7,33925,31110,21611,1618,41516,647
113A
Taxes - Salaries & Wages





113B
Taxes - Other Direct





113C
Taxes - Construction





113D
Taxes - Purchase of P,P&E





114A
Legal - Salaries & Wages115,197116,164115,458113,17773,29942,630
114B
Legal - Other Direct111,42597,178130,60698,436152,645116,225
114C
Legal - Construction





114D
Legal - Purchase of P,P&E1,7982,6101,4561,5676,394
115A
Public Buildings - Salaries & Wages





115B
Public Buildings - Other Direct350,923355,616372,667
473,026400,125
115C
Public Buildings - Construction
4,0938,470109,201

115D
Public Buildings - Purchase of P,P&E
85,10999,277
18,528119,929
116A
Court Facilities - Salaries & Wages





116B
Court Facilities - Other Direct62,66555,92055,08286,01855,915104,075
116C
Court Facilities - Construction





116D
Court Facilities - Purchase of P,P&E





117A
Central Services - Salaries & Wages1,835,0252,062,3642,052,2631,976,6401,993,5931,905,147
117B
Central Services - Other Direct1,415,6431,545,0831,493,8531,745,0861,281,3531,272,915
117C
Central Services - Construction





117D
Central Services - Purchase of P,P&E239,463130,810262,010387,742144,055249,563
118A
Gen. Govt. All Other - Salaries & Wages





118B
Gen. Govt. All Other - Other Direct

14,36314,01425,9146,344
118C
Gen. Govt. All Other - Construction





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





119APUBLICPolice & Comm - Traffic Control - Salaries and Wages6,294,0306,275,0866,022,1745,689,8235,158,9144,859,900
119BSAFETYPolice & Comm - Traffic Control - Other Direct3,522,1142,851,3213,173,2522,808,6382,616,2362,561,331
119C
Police & Comm - Traffic Control - Construction
41,800



119D
Police & Comm - Traffic Control - Purchase of P,P&E624,5641,599,6821,492,284764,980665,945613,749
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 & Wages7,016,6806,528,1225,862,9635,733,2355,495,4985,305,276
122B
Fire - Other Direct3,100,2083,122,3302,426,3772,193,6882,113,5712,070,033
122C
Fire - Construction





122D
Fire - Purchase of P,P&E734,72285,641311,108455,403416,267104,368
123A
Inspectors - Salaries & Wages




353,060
123B
Inspectors - Other Direct




140,362
123C
Inspectors - Construction





123D
Inspectors - Purchase of P,P&E




6,137
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 & Wages57,73557,53057,35059,41254,08153,705
125B
Animal Control - Other Direct35,57729,58335,57137,10132,33616,749
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


163,75710,945
126C
Pub. Safety All Other - Construction





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





127ATRANSPORTraffic Engineering - Salaries & Wages223,479465,357406,418351,083354,487345,332
127BTATIONTraffic Engineering - Other Direct994,751794,2851,180,3011,055,088990,039952,702
127C
Traffic Engineering - Construction


406,945293,67734,781
127D
Traffic Engineering - Purchase of P,P&E3,97069,109172,74423,02769,15860,376
128A
Streets and Highways - Salaries & Wages800,6161,459,616799,462859,248867,772756,320
128B
Streets and Highways - Other Direct1,210,935861,9331,023,301947,649731,556767,240
128C
Streets and Highways - Construction1,709,7751,403,176923,090136,981193,046
128D
Streets and Highways - Purchase of P,P&E158,044302,418182,93851,151206,42331,766
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 & Wages683,186482,910620,203473,499409,778521,603
130B
Powell Bill - Other Direct472,684541,559513,378835,156610,527601,366
130C
Powell Bill - Construction29,960139,395223,125205,685175,309208,920
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


950,477886,970893,110
132B
Mass Transit - City - Other Direct

94,900976,022838,886815,691
132C
Mass Transit - City - Construction
458,93730,88514,765100
132D
Mass Transit - City - Purchase of P,P&E


102,29828,9121,623,353
133B
Mass Transit - Private - Other Direct





134A
Airport - Salaries & Wages117,451171,739161,857164,918137,081175,596
134B
Airport - Other Direct594,295223,058299,518341,256317,850535,059
134C
Airport - Construction1,161,2757,21267,667165,544292,584765,168
134D
Airport - Purchase of P,P&E2,5501,8802,13081,76528,9101,397
135A
Transpor. All Other - Salaries & Wages





135B
Transpor. All Other - Other Direct

153,280


135C
Transpor. All Other - Construction





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





136AENVIRONSolid Waste - Salaries & Wages994,1071,027,4251,040,8871,055,5931,034,5131,067,018
136BMENTALSolid Waste - Other Direct1,986,4682,449,2143,134,0132,883,2932,845,0602,784,462
136CPROTECTIONSolid Waste - Construction





136D
Solid Waste - Purchase of P,P&E992,361508,173382,573466,632299,291236,334
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 & Wages68,003103,516110,687202,269178,321170,491
138B
Cemeteries - Other Direct64,28773,150141,403216,651166,923182,459
138C
Cemeteries - Construction





138D
Cemeteries - Purchase of P,P&E


6,700

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 & Wages484,968643,203653,434700,524645,903263,072
140B& PHYSICALPlanning & Zoning - Other Direct198,810290,939333,451277,705336,312138,135
140CDEVELOPPlanning & Zoning - Construction





140D
Planning & Zoning - Purchase of P,P&E1,7737,54123,0889,86111,7461,426
141A
Economic Development - Salaries & Wages





141B
Economic Development - Other Direct1,608,3091,386,4861,208,4971,626,9681,368,8271,490,916
141C
Economic Development - Construction




153,425
141D
Economic Development - Purchase of P,P&E


230,503293,311
142A
Community Development - Salaries & Wages





142B
Community Development - Other Direct492,852323,584430,948534,006476,785480,934
142C
Community Development - Construction





142D
Community Development - Purchase of P,P&E8,83945,011174,841
47,322211,005
143A
Housing & Urban Renewal - Salaries & Wages





143B
Housing & Urban Renewal - Other Direct72,56796,733136,62986,773130,74738,328
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 & Wages1,609,6051,602,6761,717,4591,644,0581,624,7891,546,139
153BRECREATIONRecreation & Parks - Other Direct1,482,2841,428,4921,590,7991,570,5881,514,8291,481,854
153C
Recreation & Parks - Construction87,844




153D
Recreation & Parks - Purchase of P,P&E
76,598154,941166,937343,117295,015
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 & Wages893,608955,7621,013,7291,028,752996,051983,236
156B
Libraries - Other Direct1,067,4101,042,150952,795936,002956,682872,008
156C
Libraries - Construction22,773




156D
Libraries - Purchase of P,P&E8,3129,32163,576177,63497,546103,731
157A
Cult. & Recr. All Other - Salaries & Wages





157B
Cult. & Recr. All Other - Other Direct41,30540,41241,21265,30556,665135,938
157C
Cult. & Recr. All Other - Construction





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





158AUTILITYWater & Sewer - Salaries & Wages3,406,2963,172,5343,117,2173,239,4183,103,8403,057,059
158B
Water & Sewer - Other Direct 8,609,1679,543,6027,503,1267,568,9186,590,2716,161,900
158C
Water & Sewer - Construction15,681,0782,460,655180,569780,991366,5143,950,824
158D
Water & Sewer - Purchase of P,P&E508,759396,334365,503365,580288,680386,183
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 & Wages56,40554,81147,02751,706

161.1B
Storm Water - Other Direct362,277370,815324,422167,992

161.1C
Storm Water - Construction
55,29774,701


161.1D
Storm Water - Purchase of P,P&E53,026




161BDEBTWater & Sewer - Interest & Fees572,664664,769757,724851,273945,0181,087,832
161DSERVICEWater & Sewer - Principal2,543,7342,810,2112,832,2112,851,2112,885,1692,883,687
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 & Fees326,481381,674423,852461,589518,803598,844
166D
All Other - Principal1,739,0201,556,3581,593,2591,536,1791,431,2402,165,347
167BPENSIONDirect Benefit Program - Other Direct





168BFRINGEFringe Benefits Unallocated





169B
Separation Allowance - Law Enforcement140,636119,058112,91392,70783,62976,467
170B
Separation Allowance - Other Employees





171B
Supplemental Retirement - Law Enforcement314,463243,022237,024227,320213,083204,259
172B
Fringe Benefits Other





173AINTERGOVMulti-Cnty Libr Dis,Cnty,Or Other - RecipientAuthorityCountyMunicipalityAuthorityCountyMunicipality



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





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





174A
Gen Gov Activities Shared W/ Cnty - RecipientCountyCountyCountyCountyCountyCounty
174B
Gen Gov Activities Shared W/ Cnty - Item #117117117117117117
174C
Gen Gov Activities Shared W/ Cnty - Amount165,27827,54933,76918,60726,68353,184
175A
Highways (Payments to State) - RecipientStateState



175B
Highways (Payments to State) - Item No.





175C
Highways (Payments to State) - Amount





176A
Other - Intergovt. Expenditures - RecipientLandfill feesLandfill FeesLandfill FeesLandfill FeesLandfill feesLandfill fees
176B
Other - Intergovt. Expenditures - Item #136136136136136136
176C
Other - Intergovt. Expenditures - Amount733,186747,864785,992746,476797,570797,599
177A
Other - Intergovt. Expenditures - RecipientEconomic DevelopmentEconomic DevelopmentEconomic DevelopmentEconomic Development Serv.Economic Development Serv.Economic development services
177B
Other - Intergovt. Expenditures - Item #141141141141141141
177C
Other - Intergovt. Expenditures - Amount138,865138,925196,090184,363169,354165,728
178A
Other - Intergovt. Expenditures - Recipient

Others - SpecifyOthers - SpecifyOthers - SpecifyAll other
178B
Other - Intergovt. Expenditures - Item #





178C
Other - Intergovt. Expenditures - Amount215,475177,413208,319275,364261,425292,230
179.0
Current year's levy -- Excluding motor vehicles22,327,233.22,507,378.0022,269,625.0021,742,329.0020,546,036.0020,054,224.00
180.0
Current year's levy -- Motor vehicles (only)1,396,196.1,418,106.001,587,478.001,624,484.001,659,100.001,601,224.00
181.0PART 6Uncollected Taxes - Current Year's Levy Except Mot Veh609,620.611,156.00572,265.00380,146.00353,355.00274,738.00
182.0OTHERUncollected Taxes - CY Levy -Motor Vehicles219,480219,957229,973242,403238,072230,042
183.0DATAPercentage of Taxes Collected - All Property %96.5196.5396.6497.3497.3497.67
184.0DATAPercentage of Taxes Collected - Exclude Motor Vehicles%97.2797.2897.4398.2598.2898.63
185.0
Percentage of Taxes Collected - Motor Vehicles %84.2884.4985.5185.0885.6585.63
186.0
Ttl Amt Salaries/Wages for Construction176,44894,259324,430440,862374,322115,387
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 Other51,225,37750,067,74647,005,43640,106,90832,451,94827,787,752
190A PARTAppropriations Made During FY - B(1) - B(7)28,4728,00035,716259,31944,250125,950
190B 8Expenditures Made During FY - B(1) - B(7)
7,1867,162337,73726,88588,158
191.0
Investment in Property - B(1) - B(4)





192.0
Amount Expended During FY - B(5) and B(7)
7,1867,162


193.0
Amount of Tax Revenues Taken Into Account
7,1867,162


194APART 9Amount - Total Revenues91,714,89187,589,03480,667,93482,965,50776,178,30374,472,978
194BFISCALAmount - Subtract Refunding Bond Proceeds





194CSUMMARYAmount - Subtract Interfund Transfers In6,150,98314,554,91810,117,0377,631,0235,307,9965,563,849
194D
Amount - Net Revenues85,563,90873,034,11670,550,89775,334,48470,870,30768,909,129


Calculated amount85,563,90873,034,11670,550,89775,334,48470,870,30768,909,129


Amounts in AGREEMENT??YesYesYesYesYesYes


Difference





195A
Amount - Total Expenditures91,079,34485,717,72676,403,35774,607,60967,582,49272,433,957
195B
Amount - Subtract Pymts. to Refunded Debt Agent





195C
Amount - Subtract Interfund Transfers Out6,150,98314,554,91810,117,0377,631,0235,307,9965,563,849
195D
Amount - Net Expenditures84,928,36171,162,80866,286,32066,976,58662,274,49666,870,108


Calculated amount84,928,36171,162,80866,286,32066,976,58662,274,49666,870,108


Amounts in AGREEMENT??YesYesYesYesYesYes


Difference














401APart 10Number of residential accounts billed Water



25,099
401BWater /Number of residential accounts billed Sewer



14,348
402ASewer Amount processed and/or purchased in units Water4,4334,3854,4934,761,0004,688,000
402BOperationsAmount processed and/or purchased in units Sewer1,9802,0822,0842,022,0002,305,000
403A
Total amount billed in units - Water3,7893,7483,8274,168,0004,050,000
403B
Total amount billed in units - Sewer1,7071,7951,7911,896,0001,989,000
404A
Of the total in 403A above how many units were Residential W1,4401,4241,4541,565,0001,514,000
404B
Of the total in 403B above how many units were Residential S649682787835,000806,000
405A
Of the total in 403 above, how many units were Outside Muni W



613,000
405B
Of the total in 403 above, how many units were Outside Muni S



78,000
406A
Of the total in 405A above how many units were Residential W



481,000
406B
Of the total in 405B above how many units were Residential S



47,000
407A
Of the total in 403A, how many units were sold for redistribution



1,449,000
407B
Of the total in 403B how many unit were delivered in bulk



337,000
408A
Dollars related to 403A above5,478,4305,368,6184,956,2545,206,9934,843,288
408B
Dollars related to 403B above4,673,9314,800,5874,274,9353,958,2573,568,923
409A
Dollars related to 404A above2,684,4312,630,6232,449,8452,566,9982,374,309
409B
Dollars related to 404B above2,196,7482,256,2762,007,9041,839,0891,568,225
410A
Dollars related to 405A above



1,506,582
410B
Dollars related to 405B above



291,855
411A
Dollars related to 406A above



1,183,755
411B
Dollars related to 406B above



176,025
412A
Dollars related to 407A above



1,052,438
412B
Dollars related to 407B above



341,348
421A
Number of residential accounts billed - Water23,00422,91722,77922,413

421B
Number of residential accounts billed - Sewer12,50212,45412,41012,363

422A
Number of non-residential & bulk accounts billed - Water2,8012,7942,7933,043

422B
Number of non-residential & bulk accounts billed - Sewer2,1802,1712,1802,197

423A
Estimated percentage of accounts outside of municipal limits
































950.0
OfficialDeanna L. Rios

951.0
TitleFinance Officer

952.0
Date02/20/201212/10/201011/12/200911/06/200811/14/200712/15/2006
953.0
ContactAmanda Stanley

954.0
TitleSenior Accountant

955.0
Phone828-323-7466




956.0
Fax828-323-7550




957.0
E-Mail:


















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Key Ratios and Operations Statistics of Water and Sewer Systems for



City of Hickory













201120102009200820072006








Population
40,08441,14940,76140,52240,21439,018
Population Group
No Electric 10,000 to 49,999 No Electric 10,000 to 49,999 No Electric 10,000 to 49,999 No Electric 10,000 to 49,999 No Electric 10,000 to 49,999 No Electric 10,000 to 49,999
Total Operating Revenues
$21,120,48120,663,79719,640,99319,440,71717,799,54516,892,729
Total Operating Revenues Per Capita
$527502482480443433
Group Weighted Average Revenues Per Capita466453400439434426
State Weighted Average Revenues Per Capita404384353365367356








% to Total Operating Revenues






Operating Expenses
78.14%78.33%80.37%80.19%80.81%81.75%
Group Weighted Average
82.23%82.97%86.15%83.28%80.53%79.92%
State Weighted Average
82.59%85.08%89.86%86.70%82.47%81.57%








Operating Margin
21.86%21.67%19.63%19.81%19.19%18.25%
Group Weighted Average
17.77%17.03%13.85%16.72%19.47%20.08%
State Weighted Average
17.41%14.92%10.14%13.30%17.53%18.43%








Operating Transfers In
1.21%33.89%0.96%1.15%0.56%0.00%
Group Weighted Average
0.96%3.79%1.33%2.11%1.39%4.10%
State Weighted Average
0.85%1.71%1.26%1.45%1.20%1.83%








Operating Transfers Out
12.41%17.37%14.26%11.40%7.44%6.84%
Group Weighted Average
2.58%3.57%3.69%4.67%3.12%6.52%
State Weighted Average
1.89%1.79%2.55%3.08%1.94%2.63%








Net Income before capital contributions
8.13%35.68%3.71%6.97%20.14%11.15%
Group Weighted Average
9.58%12.65%7.77%13.17%14.01%7.26%
State Weighted Average
8.52%7.13%-10.44%7.19%11.65%9.59%








Key Ratios and Cash Flow














Quick Ratio
4.914.633.062.662.331.93
Group Weighted Average
3.563.073.133.213.223.18
State Weighted Average
3.483.202.812.962.902.82








Days Sales in Receivables
41.942.140.643.346.842.1
Group Weighted Average
59.259.356.153.954.848.8
State Weighted Average
54.458.958.655.260.057.8








Days Cash on Hand
428.7488.0283.6249.6226.8192.3
Group Weighted Average
493.0466.8434.9453.0486.1420.5
State Weighted Average
505.4465.8424.9457.2497.5457.2








Cash flow from Operations
$5,336,4397,916,2137,440,5717,217,2896,334,9085,071,805








Debt to Equity
0.330.210.260.300.360.42
Group Weighted Average
0.490.440.380.440.510.49
State Weighted Average
0.600.600.570.560.560.52








Debt per Capita
757454517582657753
Group Weighted Average
1,0749707068971,001945
State Weighted Average
1,2821,2531,1291,1391,101988








Capital Expenditures:
201120102009200820072006


$16,189,8372,856,989546,0721,146,571655,1944,337,007










2005200420032002



$7,361,4243,943,2927,435,6162,150,261









Capital Contributions: Excluded from income above
$626,8222,053,2051,419,8412,437,055306,927248,044
















Operating Statistics














Estimated population of the areas served Water000025,099NA
Estimated population of the areas served Sewer000014,348NA








Number of Gallons of Water Processed (000) omitted4,4334,3854,4934,761,0004,688,000NA
Number of Gallons of Sewage Processed (000) omitted1,9802,0822,0842,022,0002,305,000NA








Number of Gallons of Water Billed (000) omitted3,7893,7483,8274,168,0004,050,000NA
Number of Gallons of Sewage Billed (000) omitted1,7071,7951,7911,896,0001,989,000NA








Ratio of Water Billed to Water Processed0.854730.854700.851770.875450.86391NA
Ratio of Sewage Billed to Sewage Processed0.862120.862070.859400.937690.86291NA








Total Revenue from Water Sales5,478,4305,368,6184,956,2545,206,9934,843,288NA
Total Revenue from Sewage Sales4,673,9314,800,5874,274,9353,958,2573,568,923NA








Water Revenue per 1000 gallons of Sales




192.96737NA
Sewage Revenue per 1000 gallons of Sales




248.74010NA








Group Average Sales per thousand Gallons Water$0.00985$37.70357$43.89276$8,202.96943$14,778.61260NA
Group Average Sales per thousand Gallons Sewage$0.00914$56.52978$61.44726$6,820.24527$15,323.42368NA








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$1,864.188191,847.153041,684.900281.640251.56824NA
Residential Sewage Sales per thousand Gallons$3,384.819723,307.449652,551.339262.202501.94569NA








Water Sales per thousand Gallons outside Municipal Limits



2.45772NA
Sewage Sales per thousand Gallons outside Municipal Limits



3.74173NA








Total Water Sales per thousand gallons for Redistribution$0.000000.000000.000000.000001,052,438.00000NA
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 %30.85%35.92%30.39%31.73%56.37%
Group average FBA %40.43%43.40%41.08%44.27%49.77%
State average Electric/Non Electric Group FBA %37.39%36.66%37.89%38.70%41.07%
State average FBA %36.54%36.34%40.43%37.47%39.53%






Municipal Population Group: No Electric 10,000 to 49,999

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Analysis of Property Tax

20072008200920102011
Municipality97.34%97.34%96.64%96.53%96.51%
Pop. Group97.23%97.39%96.99%96.95%96.95%
Statewide97.58%97.56%97.34%97.35%97.42%






Municipal Population Group: No Electric 10,000 to 49,999






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Analysis of General Obligation Debt

20072008200920102011
Municipality1249261304
Pop. Group243247221220232
Statewide478456455449450






Municipal Population Group: 25,000 to 49,999






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Analysis of Revenue

20072008200920102011
Property Tax$548576578576588
Utility443487479502527
Sales Tax215223195159161
Sales & Services116123117114126
Intergovernmental252279216285643
Debt Proceeds0026160
Other Miscellaneous18817112012390
Total$1,7621,8591,7311,7752,135

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Analysis of Revenue for Fiscal 2011











2011
2011
CategoryRevenue
Per Capita
Property Tax$23,584,753
$588
Water/Sewer21,120,481
527
Electric0
0
Other Utilities270
0
Sales Tax6,438,217
161
Sales & Services5,049,491
126
Intergovernment25,773,033
643
Debt Proceeds0
0
Miscellaneous3,597,663
90
Total$85,563,908
$2,135





Municipal Population Group: No Electric 10,000 to 49,999





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Analysis of Expenditures by Function for Fiscal 2011











2011
2011
CategoryExpenditures
Per Capita
General Government$7,626,465
$191
Water/Sewer28,205,300
704
Electric0
0
Other Utilities471,708
12
Debt Service5,181,899
129
Transportation8,162,971
204
Public Safety21,840,729
545
Other13,439,289
335
Total$84,928,361
$2,119





Municipal Population Group: No Electric 10,000 to 49,999





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Analysis of Expenditures by Object for Fiscal 2011






2011
2011
CategoryExpenditures
Per Capita
Salaries & Wages$26,573,145
$663
Water/Sewer Capital16,189,837
404
Electric Capital0
0
Other Capital5,854,652
146
Other Operating36,095,252
900
Total$84,712,886
$2,113





Municipal Population Group: No Electric 10,000 to 49,999






Last Updated 6/15/2012 11:19:02 AM