North Carolina
Department of State Treasurer
Financial Information
Town of Huntersville



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

Institute of Government North Carolina Cities Web Site

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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$15,346,128 $14,779,608 $14,316,120 $13,461,494 $11,912,414 $10,655,382


Utility 11,314,481 10,109,402 9,423,625 9,308,061 7,355,631 7,140,993


Sales Tax 2,840,422 2,874,502 2,946,122 3,301,146 3,039,139 2,832,418


Sales & Services 3,114,466 2,966,999 2,952,034 2,634,510 1,999,119 1,810,218


Intergovernmental 5,212,250 6,525,207 6,128,504 5,003,499 4,919,191 4,177,430


Debt Proceeds 7,621,444 400,063 17,349,717 5,297,449 426,300 244,206


Other Miscellaneous 3,471,880 2,943,272 3,514,363 3,863,030 4,109,204 3,759,493


Total$48,921,071 40,599,053 56,630,485 42,869,189 33,760,998 30,620,140










Expenditures by Function







Utility$9,993,962 8,918,873 9,067,733 8,849,310 7,702,300 6,647,569


Debt Service 3,677,816 3,140,158 2,106,316 2,070,045 2,119,592 2,293,117


Transportation 8,145,546 6,118,086 5,293,136 5,091,297 4,248,414 4,634,300


General Government 1,807,234 17,337,180 3,188,415 5,470,171 2,752,133 2,793,601


Public Safety 10,667,768 12,122,725 10,712,944 9,038,852 7,713,283 6,314,105


Other 7,639,258 7,702,514 7,973,264 8,150,195 9,195,812 5,991,407


Total$41,931,584 55,339,536 38,341,808 38,669,870 33,731,534 28,674,099










Expenditures by Object







Salaries & Wages$8,372,304 8,722,158 8,085,828 7,443,309 6,254,052 5,470,875


Capital Outlay 7,919,612 21,342,062 5,137,245 8,230,957 7,062,080 5,322,641


Other Operating + Debt Service 25,639,668 25,275,316 25,118,735 22,995,604 20,415,402 17,880,583


Total$41,931,584 55,339,536 38,341,808 38,669,870 33,731,534 28,674,099



















Per Capita Revenues by Source







Property Tax$327 359 356 343 347 337


Utility 241 245 235 238 214 226


Sales Tax 60 70 74 84 88 89


Sales & Services 66 72 73 67 58 57


Intergovernmental 111 158 153 128 143 132


Debt Proceeds 162 10 432 135 12 8


Other Miscellaneous 74 71 87 99 120 119


Total$1,041 985 1,410 1,094 982 968










Per Capita Expenditures by Function







Utility$213 216 226 226 224 210


Debt Service 78 76 52 53 62 72


Transportation 173 148 132 130 124 146


General Government 38 422 79 139 80 89


Public Safety 227 294 267 231 224 200


Other 163 187 199 208 268 189


Total$892 1,343 955 987 982 906










Per Capita Expenditures by Object







Salaries & Wages$178 212 201 190 182 173


Capital Outlay 169 518 128 210 206 168


Other Operating 545 613 626 587 594 565


Total$892 1,343 955 987 982 906










Population GroupElectric 10,000 to 49,999 Electric 10,000 to 49,999 Electric 10,000 to 49,999 Electric 10,000 to 49,999 Electric 10,000 to 49,999 Electric 10,000 to 49,999


Number of Municipalites in Group 22 23 22 22 22 22


Average Population In Group 22,715 20,466 20,622 22,003 21,233 20,452


Town of Huntersville Population 46,994 41,216 40,167 39,191 34,365 31,646

Group Average Per Capita Revenues by Source







Property Tax 415 404401365353344


Utility 2,002 1,7591,7421,8971,8361,894


Sales Tax 126 128143155155150


Sales & Services 136 11611111010497


Intergovernmental 203 216193172183211


Debt Proceeds 69 102317276201125


Other Miscellaneous 87 114127150178155


Total 3,038 2,8393,0343,1253,0102,976










Group Average Per Capita Expenditures by Function







Utility 1,850 1,7081,8151,9071,8171,915


Debt Service 175 175166147136192


Transportation 138 147121120116119


General Government 144 197184157136134


Public Safety 414 412412393374363


Other 299 283340357288270


Total 3,020 2,9223,0383,0812,8672,993










Group Average Per Capita Expenditures by Object







Salaries & Wages 634 628628623586561


Capital Outlay 239 358440429329352


Other Operating 2,147 1,9361,9692,0281,9522,080


Total 3,020 2,9223,0373,0802,8672,993


















General Fund
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201120102009200820072006

General Fund revenues$24,381,171 24,441,485 24,014,245 23,230,847 21,092,174 18,530,828

General Fund expenditures 22,987,695 24,293,896 22,222,570 19,719,177 18,297,428 16,449,587

Operating transfers in - - - - - -

Operating transfers out 872,421 390,761 524,637 958,688 479,319 614,959

Capital leases and installment purchase proceeds - 274,670 278,480 291,035 426,300 244,206

Other items - - - - - -

Excess of revenues and other sources over (under) expenditures and other uses 521,055 31,498 1,545,518 2,844,017 2,741,727 1,710,488










Fund balance available (FBA):







In dollars$23,263,333 22,747,179 22,287,181 16,439,309 16,668,367 15,031,417


FBA as a % of GF Net Expenditures:







Unit's FBA %97.5093.1999.1980.6490.8389.36


Group weighted average FBA %37.8538.2139.9638.6937.0140.17


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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Aquatic Center, Electric













Combined financial results:







Working capital$4,662,707 (1,655,129) (2,645,819) (2,772,871) (3,131,692) (2,610,568)


Quick ratio4.09 0.71 2.63 2.45 2.68 3.33


Net income1,676,375 1,489,228 824,380 1,617,824 541,885 1,408,914


Cashflow from operations2,342,610 2,119,163 1,717,567 1,567,655 1,436,565 1,441,668


Depreciation & Amortization Expense612,712 583,480 552,805 508,821 459,024 412,580


























Cash, Investments and Financing
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201120102009200820072006











Population at July 1st of the Previous Year46,99441,21640,16739,19134,36531,646


Population GroupElectric 10,000 to 49,999 Electric 10,000 to 49,999 Electric 10,000 to 49,999 Electric 10,000 to 49,999 Electric 10,000 to 49,999 Electric 10,000 to 49,999


Cash &Investments$28,907,852 $32,139,075 $30,346,773 $29,564,657 $24,801,422 $22,146,239


Investment Earnings54,217 76,466 368,447 969,681 1,189,131 807,362


Tax Rate Equivalent0.00110.00160.00780.02200.02910.0212


Tax Rate Equivalent Group weighted average0.00730.01050.03040.07070.07930.0520


Tax Rate Equivalent Statewide weighted average0.03170.02470.01330.05240.09200.0573


Latest year of Revaluation 200320032003200320032003


January 1, Prior Year Assessed Valuation$4,982,279,532 4,870,688,863 4,704,953,552 4,411,920,939 4,086,235,372 3,807,022,819


Tax Rate0.29000.29000.29000.29000.29000.2800


Tax Rate Group weighted average0.44100.43640.44110.44980.44540.4425


Tax Rate State Wide0.41220.40900.42620.42380.44500.4321


Assessment -to-Sales Ratio96.0088.9382.9087.3393.7695.06


Assessment -to-Sales Ratio Group weighted average101.3196.9388.6787.5590.1392.19


Assessment -to-Sales Ratio Statewide101.4798.2790.8188.5388.4192.28


Assessed Valuation Adjusted for Assesment to Sales Ratio$5,189,874,513 5,476,991,862 5,675,456,637 5,052,010,694 4,358,186,190 4,004,863,054


EffectiveTax Rate0.27840.25790.24040.25330.27190.2662


Group weighted average Effective Tax Rate0.44680.42300.39110.39380.40150.4080


Statewide weighted average Effective Tax Rate0.41830.40200.38700.37520.39340.3987


Percent Collected97.710098.160095.180095.990095.950096.0600


Percent Collected Group weighted average96.7896.7596.5496.7996.5196.74


Percent Collected Statewide97.4297.3597.3497.5697.5897.55


Percent Collected Excluding Motor Vehicles98.8698.7696.7896.9597.0697.16


Percent Collected Excluding Motor Vehicles Group weighted average97.6897.5497.5798.0397.7398.00


Percent Collected Excluding Motor Vehicles Statewide weighted average98.2598.2398.3098.6598.5998.61


Percent Collected Motor Vehicles Only 84.7791.4980.4887.1586.2286.73


Percent Collected Motor Vehicles Only Group weighted average86.3286.1284.7283.9484.2185.28


Percent Collected Motor Vehicles Only Statewide weighted average 86.4186.3886.5586.7486.7186.80


Tax Uncollected1,339,544 1,329,841 1,762,451 1,632,819 1,539,798 1,436,119


Tax Rate Equivalent0.02690.02730.03750.03700.03770.0377


Dominant County: Mecklenburg






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'sAaaAaaAa2Aa2



S & PAA+AA+AA+AA












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 Debt15,385,000 8,335,000 8,815,000 9,070,000 4,320,000 4,575,000


Total General Obligation Debt15,385,000 8,335,000 8,815,000 9,070,000 4,320,000 4,575,000


Per Capita$327 202 219 231 126 145


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 Sales0.2964%0.1522%0.1553%0.1795%0.0991%0.1142%


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$2,470,000 2,470,000 10,000,000 10,000,000 15,000,000 15,000,000











Installment Sales Purchases and Lease Obligations







--Enterprise$202,336 376,570 542,225 699,725 849,472 991,847


--General Government23,148,227 24,443,286 25,326,060 9,159,316 10,127,843 11,078,129


Total*$23,350,563 24,819,856 25,868,285 9,859,041 10,977,315 12,069,975


* 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 Changes46,99441,21640,16739,19134,36531,646









1.5AFISCAL Governmental Activities Assets130,555,947121,143,497117,889,35993,131,43580,959,40253,704,381
1.5BSUMMARYGovernmental Activities Liabilities40,397,07535,430,07934,465,74719,760,09716,281,00815,188,923
3.5A
Business Type Activities Assets22,467,05221,338,55319,559,65319,095,63517,647,13717,432,023
3.5B
Business Type Activities Liabilties3,597,5814,418,6444,128,9724,489,3344,658,6604,985,431
6.5A
Fiduciary Funds Assets





6.5B
Fiduciary Funds Liabilties





10.0PART 2Current Collections of Unit -Wide Levy15,139,08514,597,63914,154,81013,317,16411,793,06310,588,983
11.0TAXCurrent Collections of Special Tax Districts





12.0REVENUESPrior Years' Levy Collections122,476108,28991,87295,33177,68531,014
13.0
Penalties and Interest84,56773,68069,43848,99941,66635,385
14.0
Collections of Taxes Previously Written Off





15.0
Animal Tax





15.1
Solid Waste Disposal Tax27,939




16.0
1% Local Government Option Sales Tax1,406,6171,447,6691,477,0481,702,2091,568,6831,445,547
17.0
1/2% Local Government Option Sales Tax (40)780,394708,693607,810496,832456,612406,833
18.0
1/2% Local Government Option Sales Tax (42)681,479630,688469,225489,449449,934401,507
18.5
1/2% Local Government Option Sales Tax (44)-28,06887,452392,039612,656563,910578,531
19.0
Privilege Licenses





19.2
Privilege -- All other privileges and pemits





20.0
Auto Licenses





21.0
Vehicle Tax for Public Transportation





22.0
Other Licenses

47,24064,864225,721278,169
23.0
Local Occupancy Tax414,608350,858415,775519,917503,941500,784
24.0
Prepared Food Tax593,394590,558628,705605,622531,114364,902
25.0
911 Charges





26.0
Gross Short Term lease and Rental Tax125,868114,306106,460115,62757,61611,276
27.0FEDERALPayments In Lieu of Taxes - Federal





28.0INTERGOVEquitable Sharing of Fed. Forfeited Prop.





29.0REVENUESGeneral Government45,186704,814

254,120495,880
30.0
Public Safety





31.0
Transportation - Streets15,80018,50020,00020,00015,0005,000
32.0
Transportation - All Other99,096




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
6,0006,50028,500

41.0REVENUESTransitional Hold Harmless





42.0
Wireless Enhanced 911 Service Charges





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





42.2
ETSF Interest Income





43.0
Piped Natural Gas Charge Distribution





44.0
Utility Franchise Tax2,392,9633,198,3931,962,7401,798,1781,669,2121,120,347
45.0
Beer and Wine Tax181,65557,304176,006158,299145,524135,441
46.0
Powell Bill1,059,8771,022,3831,113,1351,111,308911,331895,003
50.0
Court Fees - Facilities and Arrest Fees





51.0
General Government





52.0
Public Safety





53.0
Transportation - Streets





54.0
Transportation - All Other





55.0
Environmental Protection





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

35,2388,000

57.0
Econ. & Phys. Dev. - All Other735,424726,201698,438646,713614,636570,971
58.0
Human Services -Health, Mental Health, Hosp





59.0
Human Services - All Other





60.0
Culture and Recreation

18,482108,825547,75366,600
61.0LOCALPayments in Lieu of Taxes - Local





62.0INTERGOVGeneral Government426,409540,3621,851,965883,676520,731643,661
63.0REVENUESPublic Safety255,840251,250246,000240,000240,884244,527
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 Permits40,30633,09952,57061,55564,01374,403
74.0SALES &Parking Revenues30,002




75.0SERVICESRents and Royalties





76.0
Airport





77.0
Fire Protection Charges





78.0
Solid Waste853,241867,797832,534508,342

79.0
Ambulance and Rescue Squad Charges





80.0
Cemeteries





81.0
Recreation Service Revenues2,143,9142,011,8932,032,1912,043,9081,916,8591,747,958
82.0
Library Service Revenues





83.0
Other Cultural and Rec Service Revenues





84.0
Mass Transit - City Operated





85.0
Other Sales and Services87,30987,30987,30982,26082,26062,260
86.0UTILITYWater and Sewer Charges





87.0REVENUESElectric Charges11,314,48110,109,4029,423,6259,308,0617,355,6317,140,993
88.0
Gas Charges





88.1
Storm Water Fees





89.0MISC.Investment Earnings - Bond Proceeds9,54611,58351,21297,180201,553241,905
90.0REVENUESInvestment Earnings - All Other Funds54,21776,466368,447969,6811,189,131807,362
91.0
Special Assessments





92.0
Private Contributions and Donations28,77544,087180,94035,5044,025
93.0
Sales of Materials and Fixed Assets
33,97319,51115,7382,067
94.0
Sale of Real Property





95.0
Nongovt Contr For Streets & Traffic Signals





96.0
ABC Mixed Drink Surcharge





97.0
ABC Profit Distribution55,26052,63270,75044,62542,50042,500
98.0
Other Miscellaneous Revenues2,121,9671,635,7101,572,7531,332,7171,287,5231,438,192
99.0
Proceeds of Sale of Bonds and Notes7,621,444
17,046,2055,006,414

100.0
Proceeds of Capital Leases/Install Purchases
400,063303,512291,035426,300244,206
101.0
Other





102.0NON-REVSchool - Current Levy Collections





103.0RECEIPTSPrior Years' Levy Collections





104.0
Tax Collections for Other Units





105.0
Utilities Customer's Deposits





106.0
Deposits Other than Utility





107.0
Prepaid Taxes





108.0
Prepaid Privilege Licenses





109APART 4Governing Body - Salaries & Wages37,30037,30037,30036,05038,55037,350
109BGENERALGoverning Body - Other Direct101,249526,194834,160415,247636,28754,989
109CGOVTGoverning Body - Construction-42,59515,044,340308,371478,066477,177
109D
Governing Body - Purchase of P,P&E126,363384,470612,0572,920,829375,6621,284,897
110A
Administration - Salaries & Wages769,063789,684792,944933,385687,559645,838
110B
Administration - Other Direct588,929542,297589,286678,927536,898500,214
110C
Administration - Construction49,000




110D
Administration - Purchase of P,P&E15,05012,89514,2977,667
270,313
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 & Wages94,529




114B
Legal - Other Direct41,108




114C
Legal - Construction





114D
Legal - Purchase of P,P&E765




115A
Public Buildings - Salaries & Wages





115B
Public Buildings - Other Direct26,473




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 Wages4,569,8264,845,6864,559,4784,112,8773,308,7522,911,079
119BSAFETYPolice & Comm - Traffic Control - Other Direct2,571,1192,931,3922,813,1102,837,0212,350,3871,580,849
119C
Police & Comm - Traffic Control - Construction





119D
Police & Comm - Traffic Control - Purchase of P,P&E371,580379,514494,214458,751548,465522,041
120A
Emergency Communications - Salaries & Wages





120B
Emergency Communications - Other Direct

317,951277,043193,316340,201
120C
Emergency Communications - Construction





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


13,96775,936
120B
Emergency Telephone Service Fund (ETSF) Expenditures - Operating193,321329,511



120C
ETSF Expenditures - Capital Construction





120D
ETSF Expenditures - Capital Purchases





121A
Emergency Mgmt - Salaries & Wages





121B
Emergency Mgmt - Other Direct





121C
Emergency Mgmt - Construction





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





122A
Fire - Salaries & Wages





122B
Fire - Other Direct1,544,1011,275,9351,260,5951,035,595809,720630,316
122C
Fire - Construction772,3491,776,679409,68428,08711,000
122D
Fire - Purchase of P,P&E

282,214


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 Direct327,212327,212327,212252,212229,070165,100
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 & Wages541,253644,918575,958500,160526,775443,049
128B
Streets and Highways - Other Direct2,916,5063,281,7013,282,9963,073,6912,752,8262,789,923
128C
Streets and Highways - Construction1,863,319942,085117,488
182,633
128D
Streets and Highways - Purchase of P,P&E1,629,513311,658375,0451,037,603292,848315,490
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 & Wages72,806




130B
Powell Bill - Other Direct12,671




130C
Powell Bill - Construction1,109,478937,724941,649479,843493,3321,085,838
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 Direct





136CPROTECTIONSolid Waste - Construction





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





137A
Drainage & Watershed - Salaries & Wages32,491




137B
Drainage & Watershed - Other Direct401,712330,903311,198205,642264,799185,692
137C
Drainage & Watershed - Construction
101,6595,989112,4962,40442,663
137D
Drainage & Watershed - Purchase of P,P&E58,515




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 & Wages558,384591,198561,609501,151458,144389,131
140B& PHYSICALPlanning & Zoning - Other Direct257,491296,855452,831384,750495,539308,085
140CDEVELOPPlanning & Zoning - Construction





140D
Planning & Zoning - Purchase of P,P&E765

7,667
96
141A
Economic Development - Salaries & Wages177,744181,148176,659153,213155,313101,153
141B
Economic Development - Other Direct265,833303,629245,202189,665187,59029,206
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 & Wages880,003911,252943,676817,829750,420677,797
153BRECREATIONRecreation & Parks - Other Direct4,004,1064,325,4674,749,7214,680,9933,690,7783,683,914
153C
Recreation & Parks - Construction897,504643,203312,3791,058,4343,080,575
153D
Recreation & Parks - Purchase of P,P&E104,71017,200214,00038,355110,250573,670
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 & Wages445,584391,461438,204388,644328,539265,478
159B
Electric Power - Other Direct8,585,0827,736,7777,579,6716,871,4745,961,9635,154,458
159C
Electric Power - Construction963,296790,6351,049,8581,589,1921,411,7981,227,633
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 & Fees189,828189,827189,827189,827189,828189,828
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 & Fees3,487,9882,950,3311,916,4891,880,2181,929,7642,103,289
166D
All Other - Principal





167BPENSIONDirect Benefit Program - Other Direct





168BFRINGEFringe Benefits Unallocated





169B
Separation Allowance - Law Enforcement26,08419,40120,24022,80621,82721,827
170B
Separation Allowance - Other Employees





171B
Supplemental Retirement - Law Enforcement292,176237,395228,246493164,810142,692
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 vehicles13,363,800.13,038,642.0012,466,765.0011,709,120.0010,728,848.009,765,720.00
180.0
Current year's levy -- Motor vehicles (only)1,186,898.1,167,994.001,361,342.001,276,064.001,224,016.001,158,959.00
181.0PART 6Uncollected Taxes - Current Year's Levy Except Mot Veh152,646.161,847.00401,109.00356,755.00315,782.00277,160.00
182.0OTHERUncollected Taxes - CY Levy -Motor Vehicles180,73199,353265,723163,985168,645153,793
183.0DATAPercentage of Taxes Collected - All Property %97.7198.1695.1895.9995.9596.06
184.0DATAPercentage of Taxes Collected - Exclude Motor Vehicles%98.8698.7696.7896.9597.0697.16
185.0
Percentage of Taxes Collected - Motor Vehicles %84.7791.4980.4887.1586.2286.73
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 Other28,907,85232,139,07530,346,77329,564,65724,801,42222,146,239
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 Revenues48,921,07140,599,05356,630,48542,869,18933,760,99831,235,099
194BFISCALAmount - Subtract Refunding Bond Proceeds





194CSUMMARYAmount - Subtract Interfund Transfers In




614,959
194D
Amount - Net Revenues48,921,07140,599,05356,630,48542,869,18933,760,99830,620,140


Calculated amount48,921,07140,599,05356,630,48542,869,18933,760,99830,620,140


Amounts in AGREEMENT??YesYesYesYesYesYes


Difference





195A
Amount - Total Expenditures41,931,58455,339,53638,341,80838,669,87033,731,53429,289,058
195B
Amount - Subtract Pymts. to Refunded Debt Agent





195C
Amount - Subtract Interfund Transfers Out




614,959
195D
Amount - Net Expenditures41,931,58455,339,53638,341,80838,669,87033,731,53428,674,099


Calculated amount41,931,58455,339,53638,341,80838,669,87033,731,53428,674,099


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
OfficialJanet H. Stoner

951.0
TitleFinance Director

952.0
Date10/25/201110/27/201010/21/200910/28/200811/13/200710/31/2006
953.0
ContactPattie Ellis

954.0
TitleAssistant Fiance Director

955.0
Phone704-875-6571




956.0
Fax704-948-6020




957.0
E-Mail:


















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Key Ratios of Electric Systems for The




Town of Huntersville













201120102009200820072006








Population
46,99441,21640,16739,19134,36531,646
Power Agency Group
N.C. Municipal Power Agency Number 1
Total Operating Revenues
$11,320,22610,109,4029,427,1039,308,0617,355,6317,140,993
Group Weighted Average
24,946,15623,064,70722,030,75722,254,71621,085,16320,184,548








% to Total Operating Revenues






Power Purchases
69.2%69.0%71.1%65.4%70.4%63.1%
Group Weighted Average
79.2%79.8%80.1%78.3%79.0%81.9%








Other Operating Expenses
16.0%17.1%19.8%18.0%21.3%18.6%
Group Weighted Average
15.7%16.2%18.2%17.1%17.6%17.5%








Operating Margin
14.8%13.8%9.1%16.5%8.2%18.3%
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
0.0%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
14.8%13.7%8.8%16.5%8.3%18.1%
Group Weighted Average
3.4%1.8%-1.2%3.5%4.9%-0.2%








Key Ratios and Cash Flow














Quick Ratio
4.12.72.62.42.73.3
Group Weighted Average
4.23.73.93.84.14.0








Coverage Ratio
1.261.251.181.301.171.33
Group Weighted Average
1.061.051.021.081.071.02








Days Sales in Receivables
41.251.046.755.046.858.7
Group Weighted Average
37.839.636.436.836.333.2








Days Cash on Hand
174.0144.293.678.9101.2123.8
Group Weighted Average
122.0112.3109.5118.3114.5127.6








Cash flow from Operations
$2,342,6102,119,1631,717,5671,567,6551,436,5651,441,668








Capital Expenditures:
$000000


















201120102009200820072006
Capital Contributions: Excluded from Income Above
$000000








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


0.16%0.22%0.21%0.19%0.11%0.16%








Gross Electric Fund Assets as Cost
$19,428,94518,465,64917,683,95516,634,09715,044,90513,656,281
Estimated Tax Loss from Municipal Ownership of Utility
$56,344$53,55051,28348,23943,63038,238
Tax Rate Equivalent
0.00110.00110.00110.00110.00110.0010








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
0.27840.25790.24040.25330.27190.2662








Tax Rate Adjusted Excluding Transfers
0.27840.25790.24040.25330.27190.2662








Weighted Average Group Rate Adjusted
0.44680.42300.39110.39380.40150.4080








Weighted Average Non Electric Adjusted Rate
0.42630.41910.40070.41070.43090.4353




Financial Graphs and Comparisons


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

20072008200920102011
Unit's FBA %90.83%80.64%99.19%93.19%97.50%
Group average FBA %37.01%38.69%39.96%38.21%37.85%
State average Electric/Non Electric Group FBA %33.92%35.32%34.32%33.60%34.72%
State average FBA %36.54%36.34%37.01%37.47%39.53%






Municipal Population Group: Electric 10,000 to 49,999

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Analysis of Property Tax

20072008200920102011
Municipality95.95%95.99%95.18%98.16%97.71%
Pop. Group96.51%96.79%96.54%96.75%96.78%
Statewide97.58%97.56%97.34%97.35%97.42%






Municipal Population Group: Electric 10,000 to 49,999






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Analysis of General Obligation Debt

20072008200920102011
Municipality126231219202327
Pop. Group243247221220232
Statewide478456455449450






Municipal Population Group: 25,000 to 49,999






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Analysis of Revenue

20072008200920102011
Property Tax$347343356359327
Utility214238235245241
Sales Tax8884747060
Sales & Services5867737266
Intergovernmental143128153158111
Debt Proceeds1213543210162
Other Miscellaneous12099877174
Total$9821,0941,4109851,041

Go to top of page
Analysis of Revenue for Fiscal 2011











2011
2011
CategoryRevenue
Per Capita
Property Tax$15,346,128
$327
Water/Sewer0
0
Electric11,314,481
241
Other Utilities0
0
Sales Tax2,840,422
60
Sales & Services3,114,466
66
Intergovernment5,212,250
111
Debt Proceeds7,621,444
162
Miscellaneous3,471,880
74
Total$48,921,071
$1,041





Municipal Population Group: 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$1,807,234
$38
Water/Sewer0
0
Electric9,993,962
213
Other Utilities0
0
Debt Service3,677,816
78
Transportation8,145,546
173
Public Safety10,667,768
227
Other7,639,258
163
Total$41,931,584
$892





Municipal Population Group: 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$8,372,304
$178
Water/Sewer Capital0
0
Electric Capital963,296
20
Other Capital6,956,316
148
Other Operating25,639,668
545
Total$41,931,584
$892





Municipal Population Group: Electric 10,000 to 49,999






Last Updated 6/15/2012 11:20:04 AM