North Carolina
Department of State Treasurer
Financial Information
City of Lexington



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

Institute of Government North Carolina Cities Web Site

Go to North Carolina County and Municipal Financial Information Home Page
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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$8,064,247 $8,153,287 $8,090,264 $7,766,698 $7,104,130 $7,043,243


Utility 69,782,595 67,296,368 68,132,164 68,356,038 67,198,931 72,490,930


Sales Tax 2,389,501 2,507,982 3,162,816 3,676,924 3,698,872 3,452,265


Sales & Services 1,612,232 1,619,411 1,545,989 1,634,819 1,576,071 1,479,882


Intergovernmental 6,883,025 6,968,403 7,870,885 3,907,459 4,195,326 3,782,015


Debt Proceeds - 4,200,000 907,970 4,326,138 4,115,252 328,948


Other Miscellaneous 1,282,543 1,288,462 1,532,336 2,096,863 2,419,584 2,059,533


Total$90,014,143 92,033,913 91,242,424 91,764,939 90,308,166 90,636,816










Expenditures by Function







Utility$64,455,141 60,947,718 63,813,701 65,624,802 65,710,827 70,419,744


Debt Service 3,961,675 3,525,119 3,691,221 3,663,826 3,632,966 3,344,741


Transportation 2,042,786 1,641,427 1,466,123 2,006,869 1,570,623 2,492,441


General Government 3,289,233 3,201,200 3,563,403 3,685,202 4,107,580 3,577,398


Public Safety 10,582,554 10,600,332 10,106,340 8,864,725 8,583,089 8,486,035


Other 5,618,905 5,793,429 5,410,768 5,736,883 4,753,053 4,204,258


Total$89,950,294 85,709,225 88,051,556 89,582,307 88,358,138 92,524,617










Expenditures by Object







Salaries & Wages$17,221,947 16,844,407 17,277,279 15,965,350 15,750,311 15,253,121


Capital Outlay 5,058,679 4,149,202 4,352,823 5,763,591 5,647,956 4,419,002


Other Operating + Debt Service 67,669,668 64,715,616 66,421,454 67,853,366 66,959,871 72,852,494


Total$89,950,294 85,709,225 88,051,556 89,582,307 88,358,138 92,524,617



















Per Capita Revenues by Source







Property Tax$424 381 378 367 339 337


Utility 3,673 3,142 3,187 3,232 3,211 3,465


Sales Tax 126 117 149 174 177 165


Sales & Services 85 76 72 77 75 71


Intergovernmental 362 325 368 185 200 181


Debt Proceeds - 196 42 205 197 16


Other Miscellaneous 67 60 72 99 116 98


Total$4,737 4,297 4,268 4,339 4,315 4,333










Per Capita Expenditures by Function







Utility$3,392 2,845 2,985 3,103 3,140 3,366


Debt Service 208 165 173 173 174 160


Transportation 108 77 69 95 75 119


General Government 173 149 166 175 196 171


Public Safety 557 495 473 419 410 406


Other 296 270 253 271 227 201


Total$4,734 4,001 4,119 4,236 4,222 4,423










Per Capita Expenditures by Object







Salaries & Wages$906 786 808 755 753 729


Capital Outlay 266 194 204 273 270 211


Other Operating 3,562 3,021 3,107 3,208 3,199 3,483


Total$4,734 4,001 4,119 4,236 4,222 4,423










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


City of Lexington Population 19,001 21,420 21,378 21,149 20,927 20,918

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$15,573,654 15,204,844 15,644,897 15,939,951 15,303,802 14,768,582

General Fund expenditures 17,136,974 17,198,863 18,601,613 17,911,807 17,307,171 16,930,455

Operating transfers in 2,932,978 2,649,181 2,591,004 2,530,974 2,496,701 2,424,277

Operating transfers out 312,244 297,949 849,900 1,255,788 1,644,703 461,994

Capital leases and installment purchase proceeds 34,031 - 907,970 401,138 215,252 328,948

Other items - - - - - -

Excess of revenues and other sources over (under) expenditures and other uses 1,091,445 357,213 (307,642) (295,532) (936,119) 129,358










Fund balance available (FBA):







In dollars$6,025,435 5,371,107 5,091,351 5,228,503 5,495,750 6,483,344


FBA as a % of GF Net Expenditures:







Unit's FBA %34.6030.7027.4627.8629.3338.00


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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Water/Sewer, Electric, Golf, Natural Gas Fund













Combined financial results:







Working capital$10,044,356 15,581,543 8,456,937 14,508,787 15,030,918 13,419,660


Quick ratio2.65 2.86 2.09 2.51 2.54 2.14


Net income549,637 2,688,779 3,654,550 (1,064,720)1,357,728 2,834,244


Cashflow from operations4,579,065 5,162,459 3,070,419 3,289,234 2,686,032 3,634,676


Depreciation & Amortization Expense2,127,042 2,151,503 2,162,179 2,197,119 2,242,865 2,118,437


























Cash, Investments and Financing
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201120102009200820072006











Population at July 1st of the Previous Year19,00121,42021,37821,14920,92720,918


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$31,946,623 $29,377,996 $25,015,609 $23,012,886 $22,821,797 $23,553,949


Investment Earnings150,832 215,237 553,621 1,092,960 1,262,398 993,125


Tax Rate Equivalent0.01030.01450.03670.07430.09570.0764


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 200720072007200720012001


January 1, Prior Year Assessed Valuation$1,459,004,878 1,488,129,320 1,508,387,273 1,470,687,603 1,319,497,992 1,299,944,968


Tax Rate0.56000.56000.56000.53500.54500.5450


Tax Rate Group weighted average0.44100.43640.44110.44980.44540.4425


Tax Rate State Wide0.41220.40900.42620.42380.44500.4321


Assessment -to-Sales Ratio100.54100.3699.98100.0093.1292.32


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$1,451,168,568 1,482,791,271 1,508,689,011 1,470,687,603 1,416,986,675 1,408,085,971


EffectiveTax Rate0.56300.56200.55990.53500.50750.5031


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 Collected93.810094.110094.700095.770096.380096.9300


Percent Collected Group weighted average96.7896.7596.5496.7996.5196.74


Percent Collected Statewide97.4297.3597.3497.5697.5897.55


Percent Collected Excluding Motor Vehicles94.6995.1795.9196.9898.2298.63


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 76.6573.5774.7177.0371.3571.89


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 Uncollected823,957 798,072 793,298 705,877 613,457 543,218


Tax Rate Equivalent0.05650.05360.05260.04800.04650.0418


Dominant County: Davidson






Debt Information








Population Group10,000 to 24,99910,000 to 24,99910,000 to 24,99910,000 to 24,99910,000 to 24,99910,000 to 24,999


Ratings:







Fitch







Moody'sA1A1A3A3A3A3


S & PAA-AA-A+A+A+A+











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




Enterprise GO Debt$4,271,139 4,730,000 5,270,000 5,820,000 6,435,000 7,035,000


General Government GO Debt971,861 1,150,000 1,445,000 1,730,000 2,000,000 2,260,000


Total General Obligation Debt5,243,000 5,880,000 6,715,000 7,550,000 8,435,000 9,295,000


Per Capita$276 275 314 357 403 444


Total Per Capita for the Population Group111 132 130 153 166 163


Total Per Capita Statewide450 449 455 456 478 495


Total per Assessed Valuation Adjusted for Current Year Sales0.3613%0.3965%0.4451%0.5134%0.5953%0.6601%


Total per Assessed Valuation Adjusted for Current Year Sales- Group Average0.1155%0.1377%0.1320%0.1585%0.1868%0.1912%


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$9,652,682 10,607,645 9,123,330 9,915,511 6,662,136 7,220,759


--General Government2,891,161 3,108,460 1,326,195 1,439,447 1,548,233 1,653,030


Total*$12,543,842 13,716,105 10,449,526 11,354,958 8,210,369 8,873,789


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




Revenue Bond Debt $3,009,853 3,694,954 4,353,585 4,986,771 5,595,495 2,281,000


















Annual Financial Information Report Detail
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LineSectionDescription201120102009200820072006

Population at July 1st of the Previous Year Adjusted for Boundry Changes19,00121,42021,37821,14920,92720,918









1.5AFISCAL Governmental Activities Assets60,340,97358,678,96255,394,90454,425,72054,153,14752,216,642
1.5BSUMMARYGovernmental Activities Liabilities8,449,6228,382,0336,143,8005,236,5505,502,8585,614,684
3.5A
Business Type Activities Assets128,727,096128,870,821123,170,753121,252,557117,615,156114,906,174
3.5B
Business Type Activities Liabilties24,465,58926,527,45925,583,39028,002,45625,530,20923,872,908
6.5A
Fiduciary Funds Assets





6.5B
Fiduciary Funds Liabilties





10.0PART 2Current Collections of Unit -Wide Levy7,704,5347,804,1907,800,6507,489,5806,886,1036,826,346
11.0TAXCurrent Collections of Special Tax Districts101,66991,02299,84996,36781,41079,817
12.0REVENUESPrior Years' Levy Collections300,278280,677236,989216,797169,066168,684
13.0
Penalties and Interest59,43568,42052,62560,32148,96148,213
14.0
Collections of Taxes Previously Written Off





15.0
Animal Tax





15.1
Solid Waste Disposal Tax14,520




16.0
1% Local Government Option Sales Tax1,053,8591,027,1131,095,7261,141,4551,153,9451,126,358
17.0
1/2% Local Government Option Sales Tax (40)810,970808,647860,058942,475943,892851,527
18.0
1/2% Local Government Option Sales Tax (42)525,439613,863854,575937,568938,978847,517
18.5
1/2% Local Government Option Sales Tax (44)-76758,359352,457655,426662,057626,863
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 Licenses1,2941,0261,5656,18191,299160,687
23.0
Local Occupancy Tax257,833238,894217,503236,654272,584282,872
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.1,062,8301,105,711901,198658,146910,76789,012
29.0REVENUESGeneral Government93,803




30.0
Public Safety284,020162,00793,91087,227110,397273,667
31.0
Transportation - Streets



727674,743
32.0
Transportation - All Other





33.0
Environmental Protection48,418




34.0
Econ. & Phys. Dev. - Housing/Comm. Dev.659,2991,358,292636,069499,186130,81615,392
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 Tax17,74515,64027,86328,95015,51812,358
41.0REVENUESTransitional Hold Harmless846,504682,903239,054


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 Distribution2,8425,7409,21248,87768,14371,196
44.0
Utility Franchise Tax1,714,4231,602,8481,611,1431,599,7631,427,2091,322,167
45.0
Beer and Wine Tax94,40630,49194,97996,39894,52291,011
46.0
Powell Bill612,196608,433683,769761,749681,193688,408
50.0
Court Fees - Facilities and Arrest Fees8,8378,7299,5229,2379,21511,072
51.0
General Government276,967




52.0
Public Safety36,49477,17667,32536,27937,09234,746
53.0
Transportation - Streets





54.0
Transportation - All Other433,67428,2991157,0277,063867
55.0
Environmental Protection
61,4089,55973,606676,535395,736
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



25,65693,748
61.0LOCALPayments in Lieu of Taxes - Local2,0672,0675171,0144731,892
62.0INTERGOVGeneral Government





63.0REVENUESPublic Safety




6,000
64.0
Transportation - Streets





65.0
Transportation - All Other





66.0
Environmental Protection
1,218,6593,486,650


67.0
Economic and Physical Development688,500




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 Fees202,391124,296148,021178,377199,570159,090
72.1
Amusements licensing and permit taxes





73.0
Other Permits





74.0SALES &Parking Revenues7,3557,3107,74510,70511,45011,719
75.0SERVICESRents and Royalties89,16693,72113,7006,4503,9505,300
76.0
Airport





77.0
Fire Protection Charges





78.0
Solid Waste810,296763,352753,466757,902760,686707,655
79.0
Ambulance and Rescue Squad Charges





80.0
Cemeteries82,60077,20064,70078,95071,20091,150
81.0
Recreation Service Revenues611,917655,970695,198763,768710,576653,457
82.0
Library Service Revenues





83.0
Other Cultural and Rec Service Revenues





84.0
Mass Transit - City Operated





85.0
Other Sales and Services10,89821,85811,18017,04418,20910,601
86.0UTILITYWater and Sewer Charges8,223,3117,661,0117,426,6587,131,2817,290,9826,652,075
87.0REVENUESElectric Charges47,773,67144,599,15242,552,55343,229,95442,010,80442,646,571
88.0
Gas Charges13,785,61315,036,20518,152,95317,994,80317,897,14523,192,284
88.1
Storm Water Fees





89.0MISC.Investment Earnings - Bond Proceeds1,2479866,21463,212123,17711,892
90.0REVENUESInvestment Earnings - All Other Funds150,832215,237553,6211,092,9601,262,398993,125
91.0
Special Assessments





92.0
Private Contributions and Donations40,05465,52299,11492,24951,276107,864
93.0
Sales of Materials and Fixed Assets91,981204,090128,19057,589109,26959,945
94.0
Sale of Real Property





95.0
Nongovt Contr For Streets & Traffic Signals





96.0
ABC Mixed Drink Surcharge





97.0
ABC Profit Distribution195,025188,618225,002228,897199,276169,660
98.0
Other Miscellaneous Revenues225,697158,77153,25744,37729,32534,581
99.0
Proceeds of Sale of Bonds and Notes



3,900,000
100.0
Proceeds of Capital Leases/Install Purchases
4,200,000907,9704,326,138215,252328,948
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 Deposits32,9123,5709,604-7,33651,33484,140
106.0
Deposits Other than Utility2,7304,362-2,2451,5106,55512,383
107.0
Prepaid Taxes





108.0
Prepaid Privilege Licenses





109APART 4Governing Body - Salaries & Wages12,48713,48212,96211,52511,76916,516
109BGENERALGoverning Body - Other Direct701843553668319661
109CGOVTGoverning Body - Construction





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





110A
Administration - Salaries & Wages744,069792,834802,028630,057622,134542,796
110B
Administration - Other Direct1,570,0681,519,9531,561,2021,535,9921,666,2241,804,991
110C
Administration - Construction





110D
Administration - Purchase of P,P&E





111A
Elections - Salaries & Wages





111B
Elections - Other Direct





111C
Elections - Construction





111D
Elections - Purchase of P,P&E





112A
Finance - Salaries & Wages209,877181,494251,447199,543213,238157,142
112B
Finance - Other Direct10,5239,54615,63613,98327,06311,653
112C
Finance - Construction





112D
Finance - Purchase of P,P&E





113A
Taxes - Salaries & Wages





113B
Taxes - Other Direct





113C
Taxes - Construction





113D
Taxes - Purchase of P,P&E





114A
Legal - Salaries & Wages

14,52211,45012,20010,470
114B
Legal - Other Direct10,34411,56027,11723,99927,63623,033
114C
Legal - Construction





114D
Legal - Purchase of P,P&E





115A
Public Buildings - Salaries & Wages169,208159,349174,193166,632151,575139,548
115B
Public Buildings - Other Direct184,84734,23145,525105,44678,87960,258
115C
Public Buildings - Construction





115D
Public Buildings - Purchase of P,P&E
18,5641,288
54,524
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 & Wages116,739185,700208,851200,663259,157183,311
118B
Gen. Govt. All Other - Other Direct135,995198,421395,266352,527358,463256,897
118C
Gen. Govt. All Other - Construction
26,15552,813432,717579,547370,122
118D
Gen. Govt. All Other - Purchase of P,P&E124,37549,068

44,852
119APUBLICPolice & Comm - Traffic Control - Salaries and Wages4,360,3614,205,4214,278,9573,991,8373,982,2473,844,162
119BSAFETYPolice & Comm - Traffic Control - Other Direct1,108,5411,133,010851,271885,438736,272661,002
119C
Police & Comm - Traffic Control - Construction432,1441,071,498106,10997,210

119D
Police & Comm - Traffic Control - Purchase of P,P&E160,189212,909209,066211,128205,948265,282
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 & Wages2,651,4432,677,4772,673,4402,503,1142,484,9612,433,986
122B
Fire - Other Direct318,218348,797366,919445,044459,123433,181
122C
Fire - Construction688,359270,276



122D
Fire - Purchase of P,P&E77,220
959,19262,60951,698213,093
123A
Inspectors - Salaries & Wages463,717410,623421,055412,557403,346361,337
123B
Inspectors - Other Direct138,042102,75080,725102,638107,34279,439
123C
Inspectors - Construction





123D
Inspectors - Purchase of P,P&E18,0004,142



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 & Wages173,471158,284162,729160,943148,810166,246
127BTATIONTraffic Engineering - Other Direct47,44523,93925,21636,72642,06633,716
127C
Traffic Engineering - Construction 230,18641,009



127D
Traffic Engineering - Purchase of P,P&E
32,629


7,195
128A
Streets and Highways - Salaries & Wages590,816548,712549,277517,140433,993592,414
128B
Streets and Highways - Other Direct288,11297,20973,171126,037
143,050
128C
Streets and Highways - Construction441,74091,1375,805379,970230,464852,946
128D
Streets and Highways - Purchase of P,P&E17,697

13,99617,2178,466
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 & Wages110,458117,337139,506119,674159,21634,103
130B
Powell Bill - Other Direct142,861531,171510,419652,383538,857654,305
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 & Wages860,210882,010871,493814,325823,162812,382
136BMENTALSolid Waste - Other Direct877,102811,626871,996865,848889,031847,965
136CPROTECTIONSolid Waste - Construction





136D
Solid Waste - Purchase of P,P&E
133,07414,800403,138129,362159,986
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 & Wages465,298457,992472,052409,630403,652416,863
138B
Cemeteries - Other Direct134,355108,721113,814124,035118,100114,622
138C
Cemeteries - Construction





138D
Cemeteries - Purchase of P,P&E12,400
5,73555,49928,53323,233
139A
Environ. All Other - Salaries & Wages





139B
Environ. All Other - Other Direct





139C
Environ. All Other - Construction





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





140AECONOMICPlanning & Zoning - Salaries & Wages





140B& PHYSICALPlanning & Zoning - Other Direct





140CDEVELOPPlanning & Zoning - Construction





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





141A
Economic Development - Salaries & Wages
98,64488,54195,76676,019
141B
Economic Development - Other Direct111,162241,773148,668446,356210,96519,626
141C
Economic Development - Construction533,32663,457220,212598,388523,7448,400
141D
Economic Development - Purchase of P,P&E
68,300
207,219

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 Direct1,094,3991,460,242684,428


143C
Housing & Urban Renewal - Construction
17,740109,226


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 & Wages827,966821,458896,369859,414826,557835,936
153BRECREATIONRecreation & Parks - Other Direct429,223391,052621,767440,588463,754457,855
153C
Recreation & Parks - Construction



9,370273,444
153D
Recreation & Parks - Purchase of P,P&E23,3665,08581,216102,7388,6719,304
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 & Wages2,481,4162,335,0422,373,5902,195,3212,163,6712,082,956
158B
Water & Sewer - Other Direct 3,503,1643,571,2463,354,3923,208,4143,269,4393,124,687
158C
Water & Sewer - Construction682,521310,547238,42389,5541,231,407537,413
158D
Water & Sewer - Purchase of P,P&E23,950189,31863,18279,706117,046
159A
Electric Power - Salaries & Wages1,682,6391,635,3531,734,2481,593,1901,564,1231,610,454
159B
Electric Power - Other Direct42,885,56338,850,18837,973,96939,078,41738,301,61539,112,027
159C
Electric Power - Construction150,750244,8851,494,3441,565,159841,8681,275,017
159D
Electric Power - Purchase of P,P&E85,000102,48558,702134,91758,50036,933
160A
Natural Gas - Salaries & Wages1,301,7721,163,1951,152,0191,072,5691,010,4811,012,499
160B
Natural Gas - Other Direct10,300,91011,348,53514,638,12215,277,91215,637,47221,249,590
160C
Natural Gas - Construction1,332,5531,177,216703,2151,262,0891,455,309333,612
160D
Natural Gas - Purchase of P,P&E24,90319,70829,49567,55459,89644,556
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 & Fees263,114271,477293,744321,296347,751374,359
161DSERVICEWater & Sewer - Principal864,856529,406543,477607,587597,794604,720
162B
Electric - Interest & Fees221,224257,198283,311234,244178,512195,743
162D
Electric - Principal547,851656,279628,703509,038425,680431,949
163B
Gas - Interest & Fees260,603188,973218,592247,214218,928179,804
163D
Gas - Principal908,484796,837771,139746,436775,131506,030
164B
School - Interest & Fees





164D
School - Principal





165B
Hospital - Interest & Fees





165D
Hospital - Principal





166B
All Other - Interest & Fees266,927160,962170,712173,822197,271213,680
166D
All Other - Principal628,616663,987781,543824,189891,899838,456
167BPENSIONDirect Benefit Program - Other Direct





168BFRINGEFringe Benefits Unallocated





169B
Separation Allowance - Law Enforcement25,67329,43528,09427,32025,02266,991
170B
Separation Allowance - Other Employees





171B
Supplemental Retirement - Law Enforcement140,647133,994131,512125,830127,130127,562
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 - RecipientTourism AuthorityTourism AuthorityTourism AuthorityTourism AuthorityTourism AuthorityTourism Authority
176B
Other - Intergovt. Expenditures - Item #153153153153153153
176C
Other - Intergovt. Expenditures - Amount250,098232,255210,451313,939242,133224,642
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 vehicles7,882,669.7,958,169.007,827,982.007,419,134.006,710,932.006,653,688.00
180.0
Current year's levy -- Motor vehicles (only)405,631.413,980.00473,114.00481,995.00493,909.00452,270.00
181.0PART 6Uncollected Taxes - Current Year's Levy Except Mot Veh418,326.384,092.00320,184.00223,882.00119,548.0090,948.00
182.0OTHERUncollected Taxes - CY Levy -Motor Vehicles94,714109,412119,654110,716141,523127,137
183.0DATAPercentage of Taxes Collected - All Property %93.8194.1194.7095.7796.3896.93
184.0DATAPercentage of Taxes Collected - Exclude Motor Vehicles%94.6995.1795.9196.9898.2298.63
185.0
Percentage of Taxes Collected - Motor Vehicles %76.6573.5774.7177.0371.3571.89
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 Bond739,9603,727,045859,6813,111,7282,466,570247,974
189CINVESTCash On Hand & in Bank - All Other31,946,62329,377,99625,015,60923,012,88622,821,79723,553,949
190A PARTAppropriations Made During FY - B(1) - B(7)
68,300
269,960

190B 8Expenditures Made During FY - B(1) - B(7)189,80468,345112269,388
8,400
191.0
Investment in Property - B(1) - B(4)2,763,2722,641,7682,573,4232,573,3112,303,9232,303,923
192.0
Amount Expended During FY - B(5) and B(7)





193.0
Amount of Tax Revenues Taken Into Account





194APART 9Amount - Total Revenues99,531,10896,230,54394,814,82895,887,15894,695,78293,873,919
194BFISCALAmount - Subtract Refunding Bond Proceeds6,054,000




194CSUMMARYAmount - Subtract Interfund Transfers In3,462,9654,196,6303,572,4044,122,2194,387,6163,237,103
194D
Amount - Net Revenues90,014,14392,033,91391,242,42491,764,93990,308,16690,636,816


Calculated amount90,014,14392,033,91391,242,42491,764,93990,308,16690,636,816


Amounts in AGREEMENT??YesYesYesYesYesYes


Difference





195A
Amount - Total Expenditures99,293,25989,905,85591,623,96093,704,52692,745,75495,761,720
195B
Amount - Subtract Pymts. to Refunded Debt Agent5,880,000




195C
Amount - Subtract Interfund Transfers Out3,462,9654,196,6303,572,4044,122,2194,387,6163,237,103
195D
Amount - Net Expenditures89,950,29485,709,22588,051,55689,582,30788,358,13892,524,617


Calculated amount89,950,29485,709,22588,051,55689,582,30788,358,13892,524,617


Amounts in AGREEMENT??YesYesYesYesYesYes


Difference














401APart 10Number of residential accounts billed Water



21,762
401BWater /Number of residential accounts billed Sewer



21,762
402ASewer Amount processed and/or purchased in units Water986893,000,0009851,110,000933,000
402BOperationsAmount processed and/or purchased in units Sewer1,0901,203,000,000952750,0001,142,000
403A
Total amount billed in units - Water885823,205,250876932,000941,000
403B
Total amount billed in units - Sewer635646,518,000643675,000702,000
404A
Of the total in 403A above how many units were Residential W350352,980,000356377,000368,000
404B
Of the total in 403B above how many units were Residential S337301,251,750331331,000315,000
405A
Of the total in 403 above, how many units were Outside Muni W



254,000
405B
Of the total in 403 above, how many units were Outside Muni S



62,000
406A
Of the total in 405A above how many units were Residential W



37,000
406B
Of the total in 405B above how many units were Residential S



7,000
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 above3,628,8383,337,3813,287,1653,259,8763,221,792
408B
Dollars related to 403B above4,364,0244,027,8063,844,4593,651,5283,784,965
409A
Dollars related to 404A above1,773,2431,707,6211,616,9081,612,5091,550,965
409B
Dollars related to 404B above2,407,5572,089,5932,057,5661,969,5852,046,039
410A
Dollars related to 405A above



919,898
410B
Dollars related to 405B above



708,353
411A
Dollars related to 406A above



291,782
411B
Dollars related to 406B above



77,043
412A
Dollars related to 407A above





412B
Dollars related to 407B above





421A
Number of residential accounts billed - Water7,0027,0027,0547,069

421B
Number of residential accounts billed - Sewer6,7486,6996,7516,701

422A
Number of non-residential & bulk accounts billed - Water1,2671,2751,2841,264

422B
Number of non-residential & bulk accounts billed - Sewer1,1921,2381,2121,336

423A
Estimated percentage of accounts outside of municipal limits

1





























950.0
OfficialTerra Greene

951.0
TitleDirector of Finance

952.0
Date10/25/201110/13/201010/22/200910/30/200812/17/200711/21/2006
953.0
ContactWendy Everhart

954.0
TitleSenior Accountant

955.0
Phone(336) 248-3925




956.0
Fax(336) 248-2907




957.0
E-Mail:


















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Key Ratios and Operations Statistics of Water and Sewer Systems for



City of Lexington













201120102009200820072006








Population
19,00121,42021,37821,14920,92720,918
Population Group
Electric 10,000 and AboveElectric 10,000 and AboveElectric 10,000 and AboveElectric 10,000 and AboveElectric 10,000 and AboveElectric 10,000 and Above
Total Operating Revenues
$8,223,3117,661,0117,426,6587,131,2817,290,9826,652,075
Total Operating Revenues Per Capita
$433358347337348318
Group Weighted Average Revenues Per Capita452418375379387374
State Weighted Average Revenues Per Capita404384353365367356








% to Total Operating Revenues






Operating Expenses
91.00%93.56%93.62%90.17%89.57%92.10%
Group Weighted Average
85.07%91.85%92.75%84.06%79.65%80.09%
State Weighted Average
82.59%85.08%89.86%86.70%82.47%81.57%








Operating Margin
9.00%6.44%6.38%9.83%10.43%7.90%
Group Weighted Average
14.93%8.15%7.25%15.94%20.35%19.91%
State Weighted Average
17.41%14.92%10.14%13.30%17.53%18.43%








Operating Transfers In
0.00%0.00%5.39%0.00%0.89%0.00%
Group Weighted Average
1.63%0.73%1.07%2.22%0.96%1.05%
State Weighted Average
0.85%1.71%1.26%1.45%1.20%1.83%








Operating Transfers Out
8.97%6.97%7.16%9.55%10.75%9.30%
Group Weighted Average
3.31%2.67%2.58%5.01%3.50%2.45%
State Weighted Average
1.89%1.79%2.55%3.08%1.94%2.63%








Net Income before capital contributions
-4.19%-3.68%1.49%-2.15%-3.15%-5.33%
Group Weighted Average
8.95%3.85%0.44%11.93%16.08%2.47%
State Weighted Average
8.52%7.13%-10.44%7.19%11.65%9.59%








Key Ratios and Cash Flow














Quick Ratio
2.772.142.613.393.022.54
Group Weighted Average
4.143.893.313.283.433.14
State Weighted Average
3.483.202.812.962.902.82








Days Sales in Receivables
51.849.851.348.647.547.2
Group Weighted Average
49.151.658.652.256.752.4
State Weighted Average
54.458.958.655.260.057.8








Days Cash on Hand
71.465.758.965.271.674.5
Group Weighted Average
427.6409.9305.0362.9376.2349.0
State Weighted Average
505.4465.8424.9457.2497.5457.2








Cash flow from Operations
$1,739,1151,678,8791,639,3031,720,3231,780,0261,386,437








Debt to Equity
0.160.180.180.220.230.25
Group Weighted Average
0.290.290.320.350.450.48
State Weighted Average
0.600.600.570.560.560.52








Debt per Capita
329324321350383412
Group Weighted Average
646627846873845884
State Weighted Average
1,2821,2531,1291,1391,101988








Capital Expenditures:
201120102009200820072006


$706,471499,865301,605169,2601,348,453537,413










2005200420032002



$807,4754,500,108922,442193,699









Capital Contributions: Excluded from income above
$01,218,6593,486,65069,574676,5352,834,177
















Operating Statistics














Estimated population of the areas served Water000021,762NA
Estimated population of the areas served Sewer000021,762NA








Number of Gallons of Water Processed (000) omitted986893,000,0009851,110,000933,000NA
Number of Gallons of Sewage Processed (000) omitted1,0901,203,000,000952750,0001,142,000NA








Number of Gallons of Water Billed (000) omitted885823,205,250876932,000941,000NA
Number of Gallons of Sewage Billed (000) omitted635646,518,000643675,000702,000NA








Ratio of Water Billed to Water Processed0.897570.921840.889340.839641.00857NA
Ratio of Sewage Billed to Sewage Processed0.582570.537420.675420.900000.61471NA








Total Revenue from Water Sales3,628,8383,337,3813,287,1653,259,8763,221,792NA
Total Revenue from Sewage Sales4,364,0244,027,8063,844,4593,651,5283,784,965NA








Water Revenue per 1000 gallons of Sales




148.04669NA
Sewage Revenue per 1000 gallons of Sales




173.92542NA








Group Average Sales per thousand Gallons Water$0.00019$0.01246$4.86341$7.69779$0.85985NA
Group Average Sales per thousand Gallons Sewage$0.00019$0.02977$6.22714$9.61699$1.05651NA








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








Residential Water Sales per thousand Gallons$5,066.408570.004844,541.876404.277214.21458NA
Residential Sewage Sales per thousand Gallons$7,144.086050.006946,216.211485.950416.49536NA








Water Sales per thousand Gallons outside Municipal Limits



3.62165NA
Sewage Sales per thousand Gallons outside Municipal Limits



11.42505NA








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




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Key Ratios of Electric Systems for The




City of Lexington













201120102009200820072006








Population
19,00121,42021,37821,14920,92720,918
Power Agency Group
N.C. Municipal Power Agency Number 1
Total Operating Revenues
$47,773,67144,599,15242,552,55343,229,95442,010,80442,646,571
Group Weighted Average
24,946,15623,064,70722,030,75722,254,71621,085,16320,184,548








% to Total Operating Revenues






Power Purchases
80.1%77.7%78.3%78.2%78.3%79.1%
Group Weighted Average
79.2%79.8%80.1%78.3%79.0%81.9%








Other Operating Expenses
14.8%15.6%18.9%17.8%19.6%18.0%
Group Weighted Average
15.7%16.2%18.2%17.1%17.6%17.5%








Operating Margin
5.0%6.7%2.8%4.0%2.1%3.0%
Group Weighted Average
5.1%4.0%1.7%4.6%3.4%0.6%








Operating Transfers In
0.8%0.0%0.0%0.0%3.1%0.3%
Group Weighted Average
0.6%0.1%0.2%0.2%1.7%0.3%








Operating Transfers Out
3.5%3.9%4.0%8.4%4.1%4.5%
Group Weighted Average Out
2.2%2.3%3.0%2.7%2.4%2.4%








Net Income
1.9%1.4%-1.5%-4.2%1.5%-0.9%
Group Weighted Average
3.4%1.8%-1.2%3.5%4.9%-0.2%








Key Ratios and Cash Flow














Quick Ratio
2.62.22.02.42.52.1
Group Weighted Average
4.23.73.93.84.14.0








Coverage Ratio
1.071.071.041.011.091.05
Group Weighted Average
1.061.051.021.081.071.02








Days Sales in Receivables
49.149.346.946.244.343.0
Group Weighted Average
37.839.636.436.836.333.2








Days Cash on Hand
42.240.931.534.236.739.9
Group Weighted Average
122.0112.3109.5118.3114.5127.6








Cash flow from Operations
$2,839,9503,483,5801,431,1161,568,911906,0062,248,239








Capital Expenditures:
$706,471499,865301,605169,2601,348,453537,413


















201120102009200820072006
Capital Contributions: Excluded from Income Above
$000000








Operating Transfers to the General Fund as a % of GF Revenues
201120102009200820072006


9.74%9.98%10.64%9.46%9.80%9.14%










200520042003200220012000


0.80%0.84%0.77%0.77%0.82%0.88%








Gross Electric Fund Assets as Cost
$58,912,43258,755,83958,085,13957,948,50656,100,05955,117,871
Estimated Tax Loss from Municipal Ownership of Utility
$329,910$329,033325,277310,025305,745300,392
Tax Rate Equivalent
0.02260.02210.02160.02110.02320.0231








Operating Transfers to the General Fund as a % of Gross Fixed Assets
2.58%2.58%2.86%2.60%2.67%2.45%








Operating Transfers to the General Fund as a Tax Rate Equivalent
0.10400.10190.11030.10250.11370.1039








Tax Rate Adjusted for Assessed to Sales Ratio
0.56300.56200.55990.53500.50750.5031








Tax Rate Adjusted Excluding Transfers
0.66700.66400.67020.63750.62120.6070








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


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Analysis of Available Fund Balance:  General Fund

20072008200920102011
Unit's FBA %29.33%27.86%27.46%30.70%34.60%
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
Municipality96.38%95.77%94.70%94.11%93.81%
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
Municipality403357314275276
Pop. Group166153130132111
Statewide478456455449450






Municipal Population Group: 10,000 to 24,999






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Analysis of Revenue

20072008200920102011
Property Tax$339367378381424
Utility3,2113,2323,1873,1423,673
Sales Tax177174149117126
Sales & Services7577727685
Intergovernmental200185368325362
Debt Proceeds197205421960
Other Miscellaneous11699726067
Total$4,3154,3394,2684,2974,737

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Analysis of Revenue for Fiscal 2011











2011
2011
CategoryRevenue
Per Capita
Property Tax$8,064,247
$424
Water/Sewer8,223,311
433
Electric47,773,671
2,514
Other Utilities13,785,613
726
Sales Tax2,389,501
126
Sales & Services1,612,232
85
Intergovernment6,883,025
362
Debt Proceeds0
0
Miscellaneous1,282,543
67
Total$90,014,143
$4,737





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$3,289,233
$173
Water/Sewer6,691,051
352
Electric44,803,952
2,358
Other Utilities12,960,138
682
Debt Service3,961,675
208
Transportation2,042,786
108
Public Safety10,582,554
557
Other5,618,905
296
Total$89,950,294
$4,734





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$17,221,947
$906
Water/Sewer Capital706,471
37
Electric Capital235,750
12
Other Capital4,116,458
217
Other Operating67,669,668
3,562
Total$89,950,294
$4,734





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






Last Updated 6/15/2012 11:22:45 AM