North Carolina
Department of State Treasurer
Financial Information
City of Lincolnton



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$4,714,523 $4,754,810 $4,689,312 $4,010,196 $3,563,729 $3,663,714


Utility 14,429,940 13,258,941 12,875,217 13,084,302 12,912,093 12,306,255


Sales Tax 2,166,206 2,125,811 2,266,490 2,444,284 2,404,911 2,193,439


Sales & Services 109,917 157,761 132,819 122,768 49,377 38,356


Intergovernmental 1,401,577 1,438,137 1,453,096 1,512,027 1,429,209 1,678,529


Debt Proceeds - - - - 779,000 20,248,000


Other Miscellaneous 387,537 1,283,908 1,159,873 1,838,683 1,234,848 876,596


Total$23,209,700 23,019,368 22,576,807 23,012,260 22,373,167 41,004,889










Expenditures by Function







Utility$10,903,392 10,004,034 10,377,704 10,479,332 9,265,887 10,532,416


Debt Service 2,788,837 2,804,295 2,716,034 2,628,080 2,476,424 20,638,487


Transportation 2,123,215 1,682,920 1,831,035 1,822,251 1,359,748 1,468,047


General Government 1,912,226 2,021,940 1,865,643 1,908,677 2,326,817 2,167,693


Public Safety 4,317,733 4,178,256 3,995,512 3,785,059 4,320,420 3,960,989


Other 2,203,014 2,213,979 2,402,164 2,119,281 1,499,360 1,613,793


Total$24,248,417 22,905,424 23,188,092 22,742,680 21,248,656 40,381,425










Expenditures by Object







Salaries & Wages$9,307,590 9,373,164 8,282,587 8,504,677 8,010,141 7,705,554


Capital Outlay 1,131,617 815,312 1,476,571 1,660,108 1,728,773 2,701,516


Other Operating + Debt Service 13,809,210 12,716,948 13,428,934 12,577,895 11,509,742 29,974,355


Total$24,248,417 22,905,424 23,188,092 22,742,680 21,248,656 40,381,425



















Per Capita Revenues by Source







Property Tax$447 412 414 363 330 346


Utility 1,369 1,149 1,138 1,183 1,197 1,163


Sales Tax 206 183 201 220 223 207


Sales & Services 10 14 12 11 5 4


Intergovernmental 133 125 128 137 132 159


Debt Proceeds - - - - 72 1,913


Other Miscellaneous 37 111 102 166 114 83


Total$2,202 1,994 1,995 2,080 2,073 3,875










Per Capita Expenditures by Function







Utility$1,034 867 917 947 859 995


Debt Service 265 243 240 238 229 1,950


Transportation 201 146 162 165 126 139


General Government 182 174 165 172 216 205


Public Safety 410 362 353 342 400 374


Other 209 192 212 192 139 153


Total$2,301 1,984 2,049 2,056 1,969 3,816










Per Capita Expenditures by Object







Salaries & Wages$883 812 732 769 742 728


Capital Outlay 107 71 130 150 160 255


Other Operating 1,311 1,101 1,187 1,137 1,067 2,833


Total$2,301 1,984 2,049 2,056 1,969 3,816










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 Lincolnton Population 10,540 11,543 11,316 11,061 10,791 10,582

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$8,706,717 8,729,300 8,964,277 8,713,322 8,154,482 7,894,933

General Fund expenditures 9,698,634 9,393,152 9,496,630 9,051,441 8,384,893 8,134,538

Operating transfers in - 381,600 375,000 372,500 - 4,277

Operating transfers out - - - - 454,861 318,398

Capital leases and installment purchase proceeds - - - - 629,000 308,000

Other items - 950,000 - - - -

Excess of revenues and other sources over (under) expenditures and other uses (991,917) 667,748 (157,353) 34,381 (56,272) (245,726)










Fund balance available (FBA):







In dollars$4,697,304 5,451,580 5,009,920 5,072,464 4,398,484 4,506,014


FBA as a % of GF Net Expenditures:







Unit's FBA %48.4358.0452.7556.0453.5755.32


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













Combined financial results:







Working capital$7,223,009 7,214,989 7,710,616 8,278,308 8,100,794 7,118,852


Quick ratio3.13 3.37 3.72 4.09 4.14 4.08


Net income140,534 (972,544)(475,461)382,836 356,352 1,392,306


Cashflow from operations3,197,837 2,875,432 2,533,290 2,879,100 3,431,109 2,550,127


Depreciation & Amortization Expense2,107,136 2,178,755 2,176,722 2,170,653 2,143,246 2,118,441


























Cash, Investments and Financing
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201120102009200820072006











Population at July 1st of the Previous Year10,54011,54311,31611,06110,79110,582


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$14,798,364 $15,343,389 $15,300,118 $16,049,193 $14,960,655 $13,833,842


Investment Earnings61,430 63,731 289,612 718,483 797,003 597,632


Tax Rate Equivalent0.00730.00750.03400.09970.11200.0851


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 200820082008200420042004


January 1, Prior Year Assessed Valuation$839,548,130 848,790,524 852,819,846 720,493,532 711,461,884 702,525,514


Tax Rate0.56000.56000.56000.56000.56000.5600


Tax Rate Group weighted average0.44100.43640.44110.44980.44540.4425


Tax Rate State Wide0.41220.40900.42620.42380.44500.4321


Assessment -to-Sales Ratio98.67107.0199.1984.0790.0795.96


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$850,864,630 793,188,042 859,784,097 857,016,215 789,898,839 732,102,453


EffectiveTax Rate0.55260.59930.55550.47080.50440.5374


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 Collected97.580097.830097.060097.330097.460097.0300


Percent Collected Group weighted average96.7896.7596.5496.7996.5196.74


Percent Collected Statewide97.4297.3597.3497.5697.5897.55


Percent Collected Excluding Motor Vehicles98.4898.7398.0598.6898.6398.06


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 85.4586.1782.8184.7486.0887.20


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 Uncollected395,908 397,763 393,658 438,928 424,544 453,863


Tax Rate Equivalent0.04720.04690.04620.06090.05970.0646


Dominant County: Lincoln






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's







S & P
















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




Enterprise GO Debt$0 0 0 0 0 0


General Government GO Debt0 0 0 0 0 0


Total General Obligation Debt0 0 0 0 0 0


Per Capita$0 0 0 0 0 0


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


Total Per Capita Statewide450 449 455 456 478 495


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


Total per Assessed Valuation Adjusted for Current Year Sales- Group Average0.1155%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$0 0 0 0 0 0


--General Government0 0 0 0 0 0


Total*$0 0 0 0 0 0


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




Revenue Bond Debt $22,378,414 24,075,873 25,710,873 27,205,873 28,550,873 29,765,873


















Annual Financial Information Report Detail
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LineSectionDescription201120102009200820072006

Population at July 1st of the Previous Year Adjusted for Boundry Changes10,54011,54311,31611,06110,79110,582









1.5AFISCAL Governmental Activities Assets26,958,54528,134,18128,034,89928,621,54627,676,29627,170,335
1.5BSUMMARYGovernmental Activities Liabilities1,986,6931,801,3711,623,9241,585,4111,480,938930,871
3.5A
Business Type Activities Assets48,312,70649,468,70751,780,94553,565,75454,497,98755,136,631
3.5B
Business Type Activities Liabilties23,417,79024,714,32526,054,01827,363,36628,678,43729,673,431
6.5A
Fiduciary Funds Assets



34,02432,921
6.5B
Fiduciary Funds Liabilties



34,02432,921
10.0PART 2Current Collections of Unit -Wide Levy4,587,2594,602,0444,586,5813,907,1613,521,3743,517,234
11.0TAXCurrent Collections of Special Tax Districts





12.0REVENUESPrior Years' Levy Collections90,807120,76676,57479,63420,484105,704
13.0
Penalties and Interest36,45732,00026,15723,40121,87140,776
14.0
Collections of Taxes Previously Written Off





15.0
Animal Tax





15.1
Solid Waste Disposal Tax





16.0
1% Local Government Option Sales Tax759,094745,745808,827862,281851,141807,698
17.0
1/2% Local Government Option Sales Tax (40)1,031,834912,422678,408572,831561,426493,962
18.0
1/2% Local Government Option Sales Tax (42)378,801422,578526,710569,066557,718490,990
18.5
1/2% Local Government Option Sales Tax (44)-3,52345,066252,545440,106434,626400,789
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





23.0
Local Occupancy Tax41,54850,52644,39557,02761,57356,200
24.0
Prepared Food Tax





25.0
911 Charges





26.0
Gross Short Term lease and Rental Tax13,89712,51913,27513,37315,10614,553
27.0FEDERALPayments In Lieu of Taxes - Federal22,95017,20917,61218,15416,28719,702
28.0INTERGOVEquitable Sharing of Fed. Forfeited Prop.3,357
13,38410,5607,58110,235
29.0REVENUESGeneral Government
22,002



30.0
Public Safety
74,6534,61652,6094,48083,041
31.0
Transportation - Streets





32.0
Transportation - All Other



53,383120,123
33.0
Environmental Protection





34.0
Econ. & Phys. Dev. - Housing/Comm. Dev.





35.0
Econ. & Phys. Dev. - All Other24,000
25,000


36.0
Human Services: Health, Mental Hlt & Hosp





37.0
Human Services: All Other





38.0
Culture & Recreation




6,000
39.0STATEPayments In Lieu of Taxes - State





40.0INTERGOVUnauthorized Substance Tax





41.0REVENUESTransitional Hold Harmless110,645108,36346,00650,29372,278107,078
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 Tax860,398888,871949,800948,544888,067771,097
45.0
Beer and Wine Tax50,91916,14049,67549,70847,81746,073
46.0
Powell Bill316,399310,899346,488381,987338,602515,180
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





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





61.0LOCALPayments in Lieu of Taxes - Local





62.0INTERGOVGeneral Government





63.0REVENUESPublic Safety3,709




64.0
Transportation - Streets

515172714
65.0
Transportation - All Other





66.0
Environmental Protection





67.0
Economic and Physical Development9,200




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 Permits9,83514,86418,79417,38014,49316,725
74.0SALES &Parking Revenues1,9604,8755,4751,2152,1654,336
75.0SERVICESRents and Royalties



2,0002,400
76.0
Airport





77.0
Fire Protection Charges





78.0
Solid Waste
2,69616,16616,38916,58816,411
79.0
Ambulance and Rescue Squad Charges





80.0
Cemeteries9,60057,30026,85033,63822,3169,964
81.0
Recreation Service Revenues93,47089,21880,74065,237

82.0
Library Service Revenues





83.0
Other Cultural and Rec Service Revenues





84.0
Mass Transit - City Operated





85.0
Other Sales and Services4,8873,6723,5886,2896,3085,245
86.0UTILITYWater and Sewer Charges7,972,7467,072,4456,677,5236,857,8836,870,5096,488,820
87.0REVENUESElectric Charges6,457,1946,186,4966,197,6946,226,4196,041,5845,817,435
88.0
Gas Charges





88.1
Storm Water Fees





89.0MISC.Investment Earnings - Bond Proceeds





90.0REVENUESInvestment Earnings - All Other Funds61,43063,731289,612718,483797,003597,632
91.0
Special Assessments



2,000
92.0
Private Contributions and Donations95,44032,21444,36034,37559,29023,700
93.0
Sales of Materials and Fixed Assets32,9993,17811,23922,65382,0733,456
94.0
Sale of Real Property





95.0
Nongovt Contr For Streets & Traffic Signals





96.0
ABC Mixed Drink Surcharge





97.0
ABC Profit Distribution118,776133,397160,064160,446168,305135,804
98.0
Other Miscellaneous Revenues13,61223,47944,43448,16835,00528,526
99.0
Proceeds of Sale of Bonds and Notes



779,00020,248,000
100.0
Proceeds of Capital Leases/Install Purchases





101.0
Other
950,000533,700766,778

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 & Wages52,65067,35750,274164,900159,168135,524
109BGENERALGoverning Body - Other Direct629,683659,325622,053666,898699,897664,710
109CGOVTGoverning Body - Construction





109D
Governing Body - Purchase of P,P&E
92,86425,000


110A
Administration - Salaries & Wages505,048498,880489,844455,187448,498411,734
110B
Administration - Other Direct76,94585,39682,34564,38162,31359,610
110C
Administration - Construction





110D
Administration - Purchase of P,P&E22,407



8,469
111A
Elections - Salaries & Wages





111B
Elections - Other Direct





111C
Elections - Construction





111D
Elections - Purchase of P,P&E





112A
Finance - Salaries & Wages553,575536,367540,474500,547497,499498,967
112B
Finance - Other Direct59,15674,25153,65356,76456,83166,746
112C
Finance - Construction





112D
Finance - Purchase of P,P&E5,112




113A
Taxes - Salaries & Wages





113B
Taxes - Other Direct





113C
Taxes - Construction





113D
Taxes - Purchase of P,P&E





114A
Legal - Salaries & Wages





114B
Legal - Other Direct





114C
Legal - Construction





114D
Legal - Purchase of P,P&E





115A
Public Buildings - Salaries & Wages





115B
Public Buildings - Other Direct7,6507,5002,000


115C
Public Buildings - Construction



402,611321,933
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 Wages2,072,0882,060,3031,943,7401,910,7741,881,0741,694,620
119BSAFETYPolice & Comm - Traffic Control - Other Direct255,694281,439246,398142,318213,648213,205
119C
Police & Comm - Traffic Control - Construction





119D
Police & Comm - Traffic Control - Purchase of P,P&E86,57195,786109,215107,974125,22154,845
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 & Wages1,458,0031,381,4691,379,9821,292,9441,238,1361,238,630
122B
Fire - Other Direct179,028221,766175,852223,658143,686270,606
122C
Fire - Construction





122D
Fire - Purchase of P,P&E131,69724,26233,8675,858640,330412,113
123A
Inspectors - Salaries & Wages





123B
Inspectors - Other Direct





123C
Inspectors - Construction





123D
Inspectors - Purchase of P,P&E





124A
Rescue Units - Salaries & Wages





124B
Rescue Units - Other Direct





124C
Rescue Units - Construction





124D
Rescue Units - Purchase of P,P&E





125A
Animal Control - Salaries & Wages





125B
Animal Control - Other Direct





125C
Animal Control - Construction





125D
Animal Control - Purchase of P,P&E





126A
Pub. Safety All Other - Salaries & Wages





126B
Pub. Safety All Other - Other Direct





126C
Pub. Safety All Other - Construction





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





127ATRANSPORTraffic Engineering - Salaries & Wages217,742207,539206,248191,991189,855183,919
127BTATIONTraffic Engineering - Other Direct61,07469,68283,88973,48552,47451,536
127C
Traffic Engineering - Construction





127D
Traffic Engineering - Purchase of P,P&E5,671
14,37485,322

128A
Streets and Highways - Salaries & Wages638,462610,748614,288554,117521,585481,655
128B
Streets and Highways - Other Direct172,035183,442147,560170,050142,843157,048
128C
Streets and Highways - Construction





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

89,95069,577
25,407
129A
Street Cleaning - Salaries & Wages





129B
Street Cleaning - Other Direct





129C
Street Cleaning - Construction





129D
Street Cleaning - Purchase of P,P&E





130A
Powell Bill - Salaries & Wages
349,829



130B
Powell Bill - Other Direct726,580
332,054385,438228,073375,470
130C
Powell Bill - Construction





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



18,355
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 Direct103,91839,364162,859114,09231,17325,116
134C
Airport - Construction





134D
Airport - Purchase of P,P&E





135A
Transpor. All Other - Salaries & Wages165,507161,313158,225154,806154,650147,982
135B
Transpor. All Other - Other Direct27,58326,49021,58823,37320,74019,914
135C
Transpor. All Other - Construction





135D
Transpor. All Other - Purchase of P,P&E4,64334,513



136AENVIRONSolid Waste - Salaries & Wages608,249555,647539,563464,794495,632497,948
136BMENTALSolid Waste - Other Direct285,218290,193280,871291,537283,961258,549
136CPROTECTIONSolid Waste - Construction





136D
Solid Waste - Purchase of P,P&E
118,682139,0036,661

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 & Wages173,635165,917163,449155,256157,624154,533
138B
Cemeteries - Other Direct31,06828,53523,95222,35619,24521,153
138C
Cemeteries - Construction





138D
Cemeteries - Purchase of P,P&E
12,12857,074

12,460
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 & Wages207,063196,739206,939199,061202,183196,074
140B& PHYSICALPlanning & Zoning - Other Direct34,35630,49738,47025,32531,69628,952
140CDEVELOPPlanning & Zoning - Construction





140D
Planning & Zoning - Purchase of P,P&E55,79542,89619,49845,800124,696175,754
141A
Economic Development - Salaries & Wages





141B
Economic Development - Other Direct





141C
Economic Development - Construction





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





142A
Community Development - Salaries & Wages109,786112,540118,170102,635109,330106,756
142B
Community Development - Other Direct59,25666,97296,45367,71266,57079,431
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 & Wages383,906367,432363,737335,4035,793
153BRECREATIONRecreation & Parks - Other Direct204,881196,353194,740175,6992,630
153C
Recreation & Parks - Construction




82,183
153D
Recreation & Parks - Purchase of P,P&E49,80129,448160,245227,042

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 & Wages1,778,8551,760,9731,149,2861,675,1611,615,5991,626,268
158B
Water & Sewer - Other Direct 1,857,8131,822,3672,501,9851,812,8621,738,0881,860,780
158C
Water & Sewer - Construction





158D
Water & Sewer - Purchase of P,P&E495,268254,951828,345986,441331,3431,468,523
159A
Electric Power - Salaries & Wages383,021340,111358,368347,101333,515330,944
159B
Electric Power - Other Direct6,113,7835,715,8505,539,7205,532,3345,161,1255,106,072
159C
Electric Power - Construction





159D
Electric Power - Purchase of P,P&E274,652109,782
125,43386,217139,829
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 & Fees916,076986,1111,035,6011,095,3961,139,556885,000
161DSERVICEWater & Sewer - Principal1,697,4591,635,0001,495,0001,345,0001,215,00019,725,355
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 & Fees23,76231,71039,45146,99438,15123,452
166D
All Other - Principal151,540151,474145,982140,69083,7174,680
167BPENSIONDirect Benefit Program - Other Direct





168BFRINGEFringe Benefits Unallocated





169B
Separation Allowance - Law Enforcement57,81953,59650,22447,12923,90425,564
170B
Separation Allowance - Other Employees





171B
Supplemental Retirement - Law Enforcement76,83359,63556,23454,40454,42151,406
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 vehicles4,422,478.4,411,056.004,400,635.003,662,993.003,627,166.003,637,628.00
180.0
Current year's levy -- Motor vehicles (only)328,871.341,751.00307,977.00390,496.00374,973.00383,376.00
181.0PART 6Uncollected Taxes - Current Year's Levy Except Mot Veh67,037.56,012.0085,681.0048,432.0049,571.0070,487.00
182.0OTHERUncollected Taxes - CY Levy -Motor Vehicles47,86347,26552,95059,60352,18149,066
183.0DATAPercentage of Taxes Collected - All Property %97.5897.8397.0697.3397.4697.03
184.0DATAPercentage of Taxes Collected - Exclude Motor Vehicles%98.4898.7398.0598.6898.6398.06
185.0
Percentage of Taxes Collected - Motor Vehicles %85.4586.1782.8184.7486.0887.20
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 Other14,798,36415,343,38915,300,11816,049,19314,960,65513,833,842
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 Revenues23,209,70023,400,96822,951,80723,384,76022,828,02841,327,564
194BFISCALAmount - Subtract Refunding Bond Proceeds





194CSUMMARYAmount - Subtract Interfund Transfers In
381,600375,000372,500454,861322,675
194D
Amount - Net Revenues23,209,70023,019,36822,576,80723,012,26022,373,16741,004,889


Calculated amount23,209,70023,019,36822,576,80723,012,26022,373,16741,004,889


Amounts in AGREEMENT??YesYesYesYesYesYes


Difference





195A
Amount - Total Expenditures24,248,41723,287,02423,563,09223,115,18021,703,51740,704,100
195B
Amount - Subtract Pymts. to Refunded Debt Agent





195C
Amount - Subtract Interfund Transfers Out
381,600375,000372,500454,861322,675
195D
Amount - Net Expenditures24,248,41722,905,42423,188,09222,742,68021,248,65640,381,425


Calculated amount24,248,41722,905,42423,188,09222,742,68021,248,65640,381,425


Amounts in AGREEMENT??YesYesYesYesYesYes


Difference














401APart 10Number of residential accounts billed Water



11,000
401BWater /Number of residential accounts billed Sewer



11,000
402ASewer Amount processed and/or purchased in units Water1,018
3


402BOperationsAmount processed and/or purchased in units Sewer865
2


403A
Total amount billed in units - Water832647,005,024570,757,928742,729,494,0001,094,552
403B
Total amount billed in units - Sewer765737,300,224766,398,298890,579,138,000938,950
404A
Of the total in 403A above how many units were Residential W256228,892,341237,759,428248,720,853,000256,296
404B
Of the total in 403B above how many units were Residential S165169,580,882173,976,714180,681,143,000185,807
405A
Of the total in 403 above, how many units were Outside Muni W



61,142
405B
Of the total in 403 above, how many units were Outside Muni S



33,643
406A
Of the total in 405A above how many units were Residential W



41,216
406B
Of the total in 405B above how many units were Residential S



6,547
407A
Of the total in 403A, how many units were sold for redistribution



48,974
407B
Of the total in 403B how many unit were delivered in bulk





408A
Dollars related to 403A above3,290,1492,540,9602,085,4482,186,7062,891,509
408B
Dollars related to 403B above4,582,9944,041,3653,775,9483,822,4483,908,728
409A
Dollars related to 404A above1,371,3901,238,1991,100,6251,011,4881,013,806
409B
Dollars related to 404B above1,403,0701,279,6111,128,7441,020,4231,022,321
410A
Dollars related to 405A above



389,546
410B
Dollars related to 405B above



314,685
411A
Dollars related to 406A above



278,577
411B
Dollars related to 406B above



76,695
412A
Dollars related to 407A above



76,036
412B
Dollars related to 407B above





421A
Number of residential accounts billed - Water4,3114,3134,7664,748

421B
Number of residential accounts billed - Sewer3,3023,2843,4973,447

422A
Number of non-residential & bulk accounts billed - Water723725861851

422B
Number of non-residential & bulk accounts billed - Sewer645649712691

423A
Estimated percentage of accounts outside of municipal limits
































950.0
OfficialGeorgetta Willimas

951.0
TitleFinance Director

952.0
Date10/31/201110/31/201010/31/200910/31/200810/31/200712/01/2006
953.0
ContactGeorgetta Williams

954.0
TitleFinance Director

955.0
Phone704-736-8980




956.0
Fax704-736-8999




957.0
E-Mail:


















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Key Ratios and Operations Statistics of Water and Sewer Systems for



City of Lincolnton













201120102009200820072006








Population
10,54011,54311,31611,06110,79110,582
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
$7,972,7467,072,4456,677,5236,857,8836,870,5096,488,820
Total Operating Revenues Per Capita
$756613590620637613
Group Weighted Average Revenues Per Capita452418375379387374
State Weighted Average Revenues Per Capita404384353365367356








% to Total Operating Revenues






Operating Expenses
76.46%84.81%89.02%86.81%84.18%90.01%
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
23.54%15.19%10.98%13.19%15.82%9.99%
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%0.00%0.00%0.00%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
0.00%5.06%5.27%5.10%0.00%0.00%
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
11.41%-4.55%-9.57%-5.70%1.98%0.91%
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
2.732.482.592.922.972.95
Group Weighted Average
4.143.893.313.283.433.14
State Weighted Average
3.483.202.812.962.902.82








Days Sales in Receivables
33.231.733.932.834.141.0
Group Weighted Average
49.151.658.652.256.752.4
State Weighted Average
54.458.958.655.260.057.8








Days Cash on Hand
460.0410.8416.1438.7451.7360.6
Group Weighted Average
427.6409.9305.0362.9376.2349.0
State Weighted Average
505.4465.8424.9457.2497.5457.2








Cash flow from Operations
$3,832,9653,233,0612,830,3712,842,7673,278,7232,498,253








Debt to Equity
1.091.231.291.361.461.53
Group Weighted Average
0.290.290.320.350.450.48
State Weighted Average
0.600.600.570.560.560.52








Debt per Capita
2,0492,0112,1892,3672,5432,701
Group Weighted Average
646627846873845884
State Weighted Average
1,2821,2531,1291,1391,101988








Capital Expenditures:
201120102009200820072006


$495,268254,951828,345986,441331,3431,468,523










2005200420032002



$26,178654,2563,748,21313,251,226









Capital Contributions: Excluded from income above
$00533,700766,7788,2001,243,195
















Operating Statistics














Estimated population of the areas served Water000011,000NA
Estimated population of the areas served Sewer000011,000NA








Number of Gallons of Water Processed (000) omitted1,0180300NA
Number of Gallons of Sewage Processed (000) omitted8650200NA








Number of Gallons of Water Billed (000) omitted832647,005,024570,757,928742,729,494,0001,094,552NA
Number of Gallons of Sewage Billed (000) omitted765737,300,224766,398,298890,579,138,000938,950NA








Ratio of Water Billed to Water Processed0.81708
200971101.40845

NA
Ratio of Sewage Billed to Sewage Processed0.88403
311544023.57724

NA








Total Revenue from Water Sales3,290,1492,540,9602,085,4482,186,7062,891,509NA
Total Revenue from Sewage Sales4,582,9944,041,3653,775,9483,822,4483,908,728NA








Water Revenue per 1000 gallons of Sales




262.86445NA
Sewage Revenue per 1000 gallons of Sales




355.33891NA








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$5,358.038680.005410.004630.000003.95561NA
Residential Sewage Sales per thousand Gallons$8,506.032130.007550.006490.000015.50206NA








Water Sales per thousand Gallons outside Municipal Limits



6.37117NA
Sewage Sales per thousand Gallons outside Municipal Limits



9.35365NA








Total Water Sales per thousand gallons for Redistribution$0.000000.000000.000000.0000076,036.00000NA
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 Lincolnton













201120102009200820072006








Population
10,54011,54311,31611,06110,79110,582
Power Agency Group
N.C. Municipal Power Agency Number 1
Total Operating Revenues
$6,457,1946,186,4966,197,6946,226,4196,041,5845,817,435
Group Weighted Average
24,946,15623,064,70722,030,75722,254,71621,085,16320,184,548








% to Total Operating Revenues






Power Purchases
86.1%84.2%81.0%79.6%77.9%80.4%
Group Weighted Average
79.2%79.8%80.1%78.3%79.0%81.9%








Other Operating Expenses
26.2%26.5%25.9%22.9%22.3%20.7%
Group Weighted Average
15.7%16.2%18.2%17.1%17.6%17.5%








Operating Margin
-12.2%-10.7%-6.9%-2.5%-0.1%-1.1%
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%0.4%0.4%0.4%0.0%0.1%
Group Weighted Average Out
2.2%2.3%3.0%2.7%2.4%2.4%








Net Income
-11.9%-10.5%-6.0%0.1%3.5%1.5%
Group Weighted Average
3.4%1.8%-1.2%3.5%4.9%-0.2%








Key Ratios and Cash Flow














Quick Ratio
4.05.66.77.07.26.7
Group Weighted Average
4.23.73.93.84.14.0








Coverage Ratio
0.890.910.961.041.081.05
Group Weighted Average
1.061.051.021.081.071.02








Days Sales in Receivables
39.330.332.432.332.528.9
Group Weighted Average
37.839.636.436.836.333.2








Days Cash on Hand
168.8220.0245.6265.3266.0245.9
Group Weighted Average
122.0112.3109.5118.3114.5127.6








Cash flow from Operations
-$635,128-357,629-297,08136,333152,38651,874








Capital Expenditures:
$495,268254,951828,345986,441331,3431,468,523


















201120102009200820072006
Capital Contributions: Excluded from Income Above
$000000








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


0.00%0.27%0.26%0.26%0.00%0.05%










200520042003200220012000


0.60%0.84%0.87%0.85%0.65%0.53%








Gross Electric Fund Assets as Cost
$4,616,9074,355,5854,314,9854,244,6784,119,2464,033,028
Estimated Tax Loss from Municipal Ownership of Utility
$25,855$24,39124,16423,77023,06822,585
Tax Rate Equivalent
0.00310.00290.00280.00330.00320.0032








Operating Transfers to the General Fund as a % of Gross Fixed Assets
0.00%0.54%0.53%0.53%0.00%0.11%








Operating Transfers to the General Fund as a Tax Rate Equivalent
0.00000.00280.00270.00310.00000.0006








Tax Rate Adjusted for Assessed to Sales Ratio
0.55260.59930.55550.47080.50440.5374








Tax Rate Adjusted Excluding Transfers
0.55260.60200.55820.47390.50440.5380








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 %53.57%56.04%52.75%58.04%48.43%
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
Municipality97.46%97.33%97.06%97.83%97.58%
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
Municipality00000
Pop. Group166153130132111
Statewide478456455449450






Municipal Population Group: 10,000 to 24,999






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Analysis of Revenue

20072008200920102011
Property Tax$330363414412447
Utility1,1971,1831,1381,1491,369
Sales Tax223220201183206
Sales & Services511121410
Intergovernmental132137128125133
Debt Proceeds720000
Other Miscellaneous11416610211137
Total$2,0732,0801,9951,9942,202

Go to top of page
Analysis of Revenue for Fiscal 2011











2011
2011
CategoryRevenue
Per Capita
Property Tax$4,714,523
$447
Water/Sewer7,972,746
756
Electric6,457,194
613
Other Utilities0
0
Sales Tax2,166,206
206
Sales & Services109,917
10
Intergovernment1,401,577
133
Debt Proceeds0
0
Miscellaneous387,537
37
Total$23,209,700
$2,202





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$1,912,226
$182
Water/Sewer4,131,936
392
Electric6,771,456
642
Other Utilities0
0
Debt Service2,788,837
265
Transportation2,123,215
201
Public Safety4,317,733
410
Other2,203,014
209
Total$24,248,417
$2,301





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$9,307,590
$883
Water/Sewer Capital495,268
47
Electric Capital274,652
26
Other Capital361,697
34
Other Operating13,809,210
1,311
Total$24,248,417
$2,301





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






Last Updated 6/15/2012 11:23:07 AM