North Carolina
Department of State Treasurer
Financial Information
City of Lowell



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

Institute of Government North Carolina Cities Web Site

Go to North Carolina County and Municipal Financial Information Home Page
Go to Gaston County Map Page



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$1,022,538 $1,024,782 $1,021,880 $973,299 $822,190 $787,763


Utility 858,800 865,960 776,240 841,963 935,215 891,003


Sales Tax 225,863 234,817 292,739 297,734 295,482 262,524


Sales & Services 73,431 70,502 67,146 62,136 61,730 57,805


Intergovernmental 423,243 421,039 369,451 385,967 350,565 339,274


Debt Proceeds 22,325 22,302 - 21,000 291,709 -


Other Miscellaneous 47,210 41,622 47,059 87,169 129,224 93,478


Total$2,673,410 2,681,024 2,574,515 2,669,268 2,886,115 2,431,847










Expenditures by Function







Utility$850,205 727,761 826,126 1,071,297 850,127 768,374


Debt Service 37,632 59,772 87,018 83,346 51,443 68,365


Transportation 365,813 323,535 272,165 290,397 330,498 273,599


General Government 542,325 533,438 501,983 532,145 464,381 422,024


Public Safety 734,865 703,637 692,529 690,671 643,385 584,691


Other 192,266 185,529 198,645 161,387 154,752 131,088


Total$2,723,106 2,533,672 2,578,466 2,829,243 2,494,586 2,248,141










Expenditures by Object







Salaries & Wages$850,373 840,359 844,256 792,896 716,419 646,021


Capital Outlay 122,296 43,655 40,656 281,915 238,314 90,490


Other Operating + Debt Service 1,750,437 1,649,658 1,693,554 1,754,432 1,539,853 1,511,630


Total$2,723,106 2,533,672 2,578,466 2,829,243 2,494,586 2,248,141



















Per Capita Revenues by Source







Property Tax$290 369 371 358 306 296


Utility 243 312 281 310 348 335


Sales Tax 64 84 106 109 110 99


Sales & Services 21 25 24 23 23 22


Intergovernmental 120 152 134 142 130 127


Debt Proceeds 6 8 - 8 108 -


Other Miscellaneous 13 15 17 32 48 35


Total$757 965 933 982 1,073 914










Per Capita Expenditures by Function







Utility$241 262 300 394 316 289


Debt Service 11 22 32 31 19 26


Transportation 104 116 99 107 123 103


General Government 153 192 181 196 173 158


Public Safety 208 253 251 254 239 220


Other 54 67 72 59 58 49


Total$771 912 935 1,041 928 845










Per Capita Expenditures by Object







Salaries & Wages$241 302 306 292 266 243


Capital Outlay 35 16 15 104 89 34


Other Operating 495 594 614 645 573 568


Total$771 912 935 1,041 928 845










Population GroupNo Electric 2,500 to 9,999 No Electric 2,500 to 9,999 No Electric 2,500 to 9,999 No Electric 2,500 to 9,999 No Electric 2,500 to 9,999 No Electric 2,500 to 9,999


Number of Municipalites in Group 119 122 120 120 124 123


Average Population In Group 4,793 4,664 4,697 4,793 4,727 4,663


City of Lowell Population 3,531 2,779 2,758 2,719 2,689 2,662

Group Average Per Capita Revenues by Source







Property Tax 356 342346336310306


Utility 392 322314310313326


Sales Tax 125 125144160160154


Sales & Services 86 8885807874


Intergovernmental 237 202185180174160


Debt Proceeds 127 8020917110895


Other Miscellaneous 131 106105133160126


Total 1,454 1,2651,3881,3701,3031,241










Group Average Per Capita Expenditures by Function







Utility 422 419414370332305


Debt Service 111 1031001029698


Transportation 91 9595110111112


General Government 173 179185169159156


Public Safety 314 323318318310280


Other 242 220219230235209


Total 1,353 1,3391,3311,2991,2431,160










Group Average Per Capita Expenditures by Object







Salaries & Wages 447 431429414405390


Capital Outlay 250 325317279252205


Other Operating 655 583585606584564


Total 1,352 1,3391,3311,2991,2411,159


















General Fund
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201120102009200820072006

General Fund revenues$1,790,382 1,790,719 1,793,497 1,786,575 1,625,945 1,532,048

General Fund expenditures 1,845,082 1,773,594 1,720,796 1,730,127 1,644,459 1,454,456

Operating transfers in - - - - 650 650

Operating transfers out - - - - - -

Capital leases and installment purchase proceeds 22,325 22,302 - - 96,709 -

Other items - - - - - -

Excess of revenues and other sources over (under) expenditures and other uses (32,375) 39,427 72,701 56,448 78,845 78,242










Fund balance available (FBA):







In dollars$918,405 947,665 905,148 837,509 737,963 679,220


FBA as a % of GF Net Expenditures:







Unit's FBA %50.3954.1152.6048.4147.6846.70


Group weighted average FBA %69.3067.3970.2565.0564.3162.32


State weighted average Non-Electric Group41.0738.7037.8936.6637.3937.38


State weighted average FBA %39.5337.4737.0336.3436.5436.96

















Enterprise Funds:
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Water/Sewer













Combined financial results:







Working capital$440,579 427,615 305,288 375,338 409,950 319,116


Quick ratio5.39 5.47 3.95 4.75 5.77 5.92


Net income(91,823)5,870 (179,563)(133,506)22,847 13,068


Cashflow from operations34,155 137,099 (41,372)(18,042)180,881 146,977


Depreciation & Amortization Expense136,869 135,251 137,310 149,269 159,438 159,294


























Cash, Investments and Financing
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201120102009200820072006











Population at July 1st of the Previous Year3,5312,7792,7582,7192,6892,662


Population GroupNo Electric 2,500 to 9,999 No Electric 2,500 to 9,999 No Electric 2,500 to 9,999 No Electric 2,500 to 9,999 No Electric 2,500 to 9,999 No Electric 2,500 to 9,999


Cash &Investments$1,441,371 $1,481,058 $1,311,041 $1,303,862 $1,409,155 $1,031,313


Investment Earnings1,689 1,855 6,765 42,744 47,010 30,552


Tax Rate Equivalent0.00070.00070.00270.01770.02310.0154


Tax Rate Equivalent Group weighted average0.00330.00550.01300.02940.04370.0322


Tax Rate Equivalent Statewide weighted average0.03170.02470.01330.05240.09200.0573


Latest year of Revaluation 200720072007200720032003


January 1, Prior Year Assessed Valuation$255,056,075 256,391,522 252,835,477 241,645,070 203,548,796 198,722,129


Tax Rate0.40000.40000.40000.40000.40000.4000


Tax Rate Group weighted average0.27780.25520.26970.26690.31160.3191


Tax Rate State Wide0.41220.40900.42620.42380.44500.4321


Assessment -to-Sales Ratio103.2298.3593.2796.8792.8597.29


Assessment -to-Sales Ratio Group weighted average102.19102.8492.1790.9283.5191.52


Assessment -to-Sales Ratio Statewide101.4798.2790.8188.5388.4192.28


Assessed Valuation Adjusted for Assesment to Sales Ratio$247,099,472 260,692,956 271,079,100 249,452,947 219,223,259 204,257,507


EffectiveTax Rate0.41290.39340.37310.38750.37140.3892


Group weighted average Effective Tax Rate0.28380.26240.24860.24270.26020.2921


Statewide weighted average Effective Tax Rate0.41830.40200.38700.37520.39340.3987


Percent Collected95.740096.180096.430096.340095.880093.1800


Percent Collected Group weighted average96.6795.4095.4195.8196.7096.72


Percent Collected Statewide97.4297.3597.3497.5697.5897.55


Percent Collected Excluding Motor Vehicles96.8597.3297.5797.7597.2494.14


Percent Collected Excluding Motor Vehicles Group weighted average97.3897.4397.5598.0697.9998.08


Percent Collected Excluding Motor Vehicles Statewide weighted average98.2598.2398.3098.6598.5998.61


Percent Collected Motor Vehicles Only 82.9183.5984.4882.2683.5284.78


Percent Collected Motor Vehicles Only Group weighted average85.3885.6085.2385.7586.0486.22


Percent Collected Motor Vehicles Only Statewide weighted average 86.4186.3886.5586.7486.7186.80


Tax Uncollected111,710 110,565 110,429 107,963 100,943 125,235


Tax Rate Equivalent0.04380.04310.04370.04470.04960.0630


Dominant County: Gaston






Debt Information








Population Group2,500 to 4,9992,500 to 4,9992,500 to 4,9992,500 to 4,9992,500 to 4,9992,500 to 4,999


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 Group113 107 158 152 149 162


Total Per Capita Statewide450 449 455 456 478 495


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


Total per Assessed Valuation Adjusted for Current Year Sales- Group Average0.0898%0.0802%0.1078%0.1101%0.1223%0.1565%


Total per Assessed Valuation Adjusted for Current Year Sales - Statewide0.4280%0.4134%0.3909%0.4132%0.4706%0.5275%


Total Authorized but not Issued General Obligation Debt
















Installment Sales Purchases and Lease Obligations







--Enterprise$0 0 0 0 0 0


--General Government0 0 0 0 0 0


Total*$0 0 0 0 0 0


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




Revenue Bond Debt $0 0 0 0 0 0


















Annual Financial Information Report Detail
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LineSectionDescription201120102009200820072006

Population at July 1st of the Previous Year Adjusted for Boundry Changes3,5312,7792,7582,7192,6892,662









1.5AFISCAL Governmental Activities Assets2,661,7522,781,6062,783,0062,793,6402,786,2192,691,905
1.5BSUMMARYGovernmental Activities Liabilities210,935161,499135,567151,423190,824140,743
3.5A
Business Type Activities Assets3,181,2493,236,3453,304,5943,506,0323,633,2693,409,971
3.5B
Business Type Activities Liabilties211,518222,010248,910270,785264,51664,065
6.5A
Fiduciary Funds Assets





6.5B
Fiduciary Funds Liabilties





10.0PART 2Current Collections of Unit -Wide Levy980,024986,218976,285935,657781,437750,647
11.0TAXCurrent Collections of Special Tax Districts





12.0REVENUESPrior Years' Levy Collections34,35431,24736,53031,06033,81330,087
13.0
Penalties and Interest8,1607,3179,0656,5826,9407,029
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 Tax107,637106,167115,174107,856107,97397,763
17.0
1/2% Local Government Option Sales Tax (40)66,40365,85269,35268,56767,48258,815
18.0
1/2% Local Government Option Sales Tax (42)52,21056,48068,75768,06866,99358,443
18.5
1/2% Local Government Option Sales Tax (44)-3876,31839,45653,24353,03447,503
19.0
Privilege Licenses4,341
3,8283,1403,4794,325
19.2
Privilege -- All other privileges and pemits
3,199



20.0
Auto Licenses





21.0
Vehicle Tax for Public Transportation





22.0
Other Licenses



18,73522,265
23.0
Local Occupancy Tax





24.0
Prepared Food Tax





25.0
911 Charges





26.0
Gross Short Term lease and Rental Tax34,09822,91426,15633,09634,62610,767
27.0FEDERALPayments In Lieu of Taxes - Federal





28.0INTERGOVEquitable Sharing of Fed. Forfeited Prop.





29.0REVENUESGeneral Government





30.0
Public Safety



5
31.0
Transportation - Streets





32.0
Transportation - All Other





33.0
Environmental Protection





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





35.0
Econ. & Phys. Dev. - All Other





36.0
Human Services: Health, Mental Hlt & Hosp





37.0
Human Services: All Other





38.0
Culture & Recreation





39.0STATEPayments In Lieu of Taxes - State





40.0INTERGOVUnauthorized Substance Tax





41.0REVENUESTransitional Hold Harmless100,63191,62645,574


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

15,38313,72614,403
44.0
Utility Franchise Tax155,968151,883131,680125,670102,580100,341
45.0
Beer and Wine Tax12,2483,93412,60113,32012,02911,714
46.0
Powell Bill72,54571,90980,64489,37179,74881,039
50.0
Court Fees - Facilities and Arrest Fees1,3231,3851,7661,5442,0452,741
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


17,0004,59810,829
61.0LOCALPayments in Lieu of Taxes - Local80,528100,30281,803125,336135,157132,610
62.0INTERGOVGeneral Government





63.0REVENUESPublic Safety





64.0
Transportation - Streets





65.0
Transportation - All Other





66.0
Environmental Protection





67.0
Economic and Physical Development





68.0
Human Services - Health, Mental Hlt & Hosp





69.0
Human Services - All Other





70.0
Culture and Recreation





71.0PERMITS Building Permits





72.0& FEESInspection Fees





72.1
Amusements licensing and permit taxes





73.0
Other Permits4,0523,4803,5503,5503,895
74.0SALES &Parking Revenues




3,125
75.0SERVICESRents and Royalties





76.0
Airport





77.0
Fire Protection Charges





78.0
Solid Waste54,67555,64752,75351,84049,42347,864
79.0
Ambulance and Rescue Squad Charges





80.0
Cemeteries





81.0
Recreation Service Revenues18,09814,85514,39310,29612,3076,816
82.0
Library Service Revenues





83.0
Other Cultural and Rec Service Revenues





84.0
Mass Transit - City Operated





85.0
Other Sales and Services658




86.0UTILITYWater and Sewer Charges858,800865,960776,240841,963935,215891,003
87.0REVENUESElectric Charges





88.0
Gas Charges





88.1
Storm Water Fees





89.0MISC.Investment Earnings - Bond Proceeds





90.0REVENUESInvestment Earnings - All Other Funds1,6891,8556,76542,74447,01030,552
91.0
Special Assessments





92.0
Private Contributions and Donations





93.0
Sales of Materials and Fixed Assets





94.0
Sale of Real Property





95.0
Nongovt Contr For Streets & Traffic Signals





96.0
ABC Mixed Drink Surcharge





97.0
ABC Profit Distribution





98.0
Other Miscellaneous Revenues3,03010,1746,7604,63921,47925,569
99.0
Proceeds of Sale of Bonds and Notes





100.0
Proceeds of Capital Leases/Install Purchases22,32522,302
21,000291,709
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-125-100-2,3604252,848241
106.0
Deposits Other than Utility





107.0
Prepaid Taxes-176182-5989
-5,876
108.0
Prepaid Privilege Licenses



-28
109APART 4Governing Body - Salaries & Wages15,60015,60015,60015,60015,60011,100
109BGENERALGoverning Body - Other Direct





109CGOVTGoverning Body - Construction





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





110A
Administration - Salaries & Wages220,642232,258220,596206,079172,825142,693
110B
Administration - Other Direct254,788232,890223,761227,888209,857193,821
110C
Administration - Construction



7,4245,874
110D
Administration - Purchase of P,P&E
5,7811,18427,82916,93840,010
111A
Elections - Salaries & Wages





111B
Elections - Other Direct
3,067
2,301
3,651
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 & Wages





114B
Legal - Other Direct51,29539,35440,84251,01541,73724,875
114C
Legal - Construction





114D
Legal - Purchase of P,P&E





115A
Public Buildings - Salaries & Wages





115B
Public Buildings - Other Direct
4,488
1,433

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 Wages321,415322,850322,076306,817270,486256,543
119BSAFETYPolice & Comm - Traffic Control - Other Direct208,686191,497181,954201,848178,835174,760
119C
Police & Comm - Traffic Control - Construction





119D
Police & Comm - Traffic Control - Purchase of P,P&E24,73824,20324,38026,76352,50715,470
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 & Wages





122B
Fire - Other Direct164,000149,000148,100140,000128,000125,000
122C
Fire - Construction





122D
Fire - Purchase of P,P&E





123A
Inspectors - Salaries & Wages





123B
Inspectors - Other Direct





123C
Inspectors - Construction





123D
Inspectors - Purchase of P,P&E





124A
Rescue Units - Salaries & Wages





124B
Rescue Units - Other Direct





124C
Rescue Units - Construction





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





125A
Animal Control - Salaries & Wages





125B
Animal Control - Other Direct





125C
Animal Control - Construction





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





126A
Pub. Safety All Other - Salaries & Wages





126B
Pub. Safety All Other - Other Direct





126C
Pub. Safety All Other - Construction





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





127ATRANSPORTraffic Engineering - Salaries & Wages





127BTATIONTraffic Engineering - Other Direct





127C
Traffic Engineering - Construction





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





128A
Streets and Highways - Salaries & Wages100,454112,216111,502101,78495,491112,291
128B
Streets and Highways - Other Direct182,801203,743155,173172,853153,687160,815
128C
Streets and Highways - Construction82,5587,576
6,75025,500
128D
Streets and Highways - Purchase of P,P&E

5,4909,01055,820493
129A
Street Cleaning - Salaries & Wages





129B
Street Cleaning - Other Direct





129C
Street Cleaning - Construction





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





130A
Powell Bill - Salaries & Wages





130B
Powell Bill - Other Direct





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 & Wages70,18163,21548,53038,57242,07031,251
136BMENTALSolid Waste - Other Direct122,085122,314144,606116,455
94,962
136CPROTECTIONSolid Waste - Construction





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

5,4896,3605,3004,875
137A
Drainage & Watershed - Salaries & Wages





137B
Drainage & Watershed - Other Direct



107,382
137C
Drainage & Watershed - Construction





137D
Drainage & Watershed - Purchase of P,P&E





138A
Cemeteries - Salaries & Wages





138B
Cemeteries - Other Direct

20


138C
Cemeteries - Construction





138D
Cemeteries - Purchase of P,P&E





139A
Environ. All Other - Salaries & Wages





139B
Environ. All Other - Other Direct





139C
Environ. All Other - Construction





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





140AECONOMICPlanning & Zoning - Salaries & Wages





140B& PHYSICALPlanning & Zoning - Other Direct





140CDEVELOPPlanning & Zoning - Construction





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





141A
Economic Development - Salaries & Wages





141B
Economic Development - Other Direct





141C
Economic Development - Construction





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





142A
Community Development - Salaries & Wages





142B
Community Development - Other Direct





142C
Community Development - Construction





142D
Community Development - Purchase of P,P&E





143A
Housing & Urban Renewal - Salaries & Wages





143B
Housing & Urban Renewal - Other Direct





143C
Housing & Urban Renewal - Construction





143D
Housing & Urban Renewal - Purchase of P,P&E





144A
Special Empl Programs - Salaries & Wages





144B
Special Empl Programs - Other Direct





144C
Special Empl Programs - Construction





144D
Special Empl Programs - Purchase of P,P&E





145A
Econ. Dev. All Other - Salaries & Wages





145B
Econ. Dev. All Other - Other Direct





145C
Econ. Dev. All Other - Construction





145D
Econ. Dev. All Other - Purchase of P,P&E





146AHUMANHealth - Salaries & Wages





146BSERVICESHealth - Other Direct





146C
Health - Construction





146D
Health - Purchase of P,P&E





147A
Mental Health - Salaries & Wages





147B
Mental Health - Other Direct





147C
Mental Health - Construction





147D
Mental Health - Purchase of P,P&E





148A
Social Services - Salaries & Wages





148B
Social Services - Other Direct





148C
Social Services - Construction





148D
Social Services - Purchase of P,P&E





149B
Hospital-City - Other Direct





150B
Hospital-Private - Other Direct





151A
Legal Aid - Salaries & Wages





151B
Legal Aid - Other Direct





151C
Legal Aid - Construction





151D
Legal Aid - Purchase of P,P&E





152A
Human Serv. All Other - Salaries & Wages





152B
Human Serv. All Other - Other Direct





152C
Human Serv. All Other - Construction





152D
Human Serv. All Other - Purchase of P,P&E





153ACULTURE Recreation & Parks - Salaries & Wages





153BRECREATIONRecreation & Parks - Other Direct





153C
Recreation & Parks - Construction





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





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 & Wages122,08194,220125,952124,044119,94792,143
158B
Water & Sewer - Other Direct 713,124627,446696,061742,050655,355652,463
158C
Water & Sewer - Construction
6,095
147,64070,51022,295
158D
Water & Sewer - Purchase of P,P&E15,000
4,11357,5634,3151,473
159A
Electric Power - Salaries & Wages





159B
Electric Power - Other Direct





159C
Electric Power - Construction





159D
Electric Power - Purchase of P,P&E





160A
Natural Gas - Salaries & Wages





160B
Natural Gas - Other Direct





160C
Natural Gas - Construction





160D
Natural Gas - Purchase of P,P&E





161.1A
Storm Water - Salaries & Wages





161.1B
Storm Water - Other Direct





161.1C
Storm Water - Construction





161.1D
Storm Water - Purchase of P,P&E





161BDEBTWater & Sewer - Interest & Fees5,9036,8577,8038,284
652
161DSERVICEWater & Sewer - Principal21,91624,66723,72119,535
24,659
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 & Fees6856921,8933,7953,8583,543
166D
All Other - Principal9,12827,55653,60151,73247,58539,511
167BPENSIONDirect Benefit Program - Other Direct





168BFRINGEFringe Benefits Unallocated





169B
Separation Allowance - Law Enforcement





170B
Separation Allowance - Other Employees





171B
Supplemental Retirement - Law Enforcement16,02616,08716,01915,24313,55712,918
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 vehicles942,630.940,058.00924,420.00883,070.00734,380.00722,724.00
180.0
Current year's levy -- Motor vehicles (only)82,031.85,368.0087,958.0088,088.0080,643.0082,886.00
181.0PART 6Uncollected Taxes - Current Year's Levy Except Mot Veh29,679.25,197.0022,471.0019,875.0020,300.0042,349.00
182.0OTHERUncollected Taxes - CY Levy -Motor Vehicles14,01714,01113,65115,62713,28612,614
183.0DATAPercentage of Taxes Collected - All Property %95.7496.1896.4396.3495.8893.18
184.0DATAPercentage of Taxes Collected - Exclude Motor Vehicles%96.8597.3297.5797.7597.2494.14
185.0
Percentage of Taxes Collected - Motor Vehicles %82.9183.5984.4882.2683.5284.78
186.0
Ttl Amt Salaries/Wages for Construction





187A
Capital Reserve Schools - July 1, 2009





187B
Capital Reserve Schools - June 30, 2010





188A
Capital Reserve Hospitals - July 1, 2009





188B
Capital Reserve Hospitals - June 30, 2010





189APART 7Cash On Hand & in Bank - Debt Service





189BCASH &Cash On Hand & in Bank - Construction Bond





189CINVESTCash On Hand & in Bank - All Other1,441,3711,481,0581,311,0411,303,8621,409,1551,031,313
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 Revenues2,673,4102,681,0242,574,5152,669,2682,886,7652,432,497
194BFISCALAmount - Subtract Refunding Bond Proceeds





194CSUMMARYAmount - Subtract Interfund Transfers In



650650
194D
Amount - Net Revenues2,673,4102,681,0242,574,5152,669,2682,886,1152,431,847


Calculated amount2,673,4102,681,0242,574,5152,669,2682,886,1152,431,847


Amounts in AGREEMENT??YesYesYesYesYesYes


Difference





195A
Amount - Total Expenditures2,723,1062,533,6722,578,4662,829,2432,495,2362,248,791
195B
Amount - Subtract Pymts. to Refunded Debt Agent





195C
Amount - Subtract Interfund Transfers Out



650650
195D
Amount - Net Expenditures2,723,1062,533,6722,578,4662,829,2432,494,5862,248,141


Calculated amount2,723,1062,533,6722,578,4662,829,2432,494,5862,248,141


Amounts in AGREEMENT??YesYesYesYesYesYes


Difference














401APart 10Number of residential accounts billed Water



2,689
401BWater /Number of residential accounts billed Sewer



2,689
402ASewer Amount processed and/or purchased in units Water109109109114,208116,508
402BOperationsAmount processed and/or purchased in units Sewer109109109
116,508
403A
Total amount billed in units - Water88868687,72096,545
403B
Total amount billed in units - Sewer77767684,05196,545
404A
Of the total in 403A above how many units were Residential W74767583,53679,162
404B
Of the total in 403B above how many units were Residential S67666672,48859,301
405A
Of the total in 403 above, how many units were Outside Muni W



5,216
405B
Of the total in 403 above, how many units were Outside Muni S



47
406A
Of the total in 405A above how many units were Residential W



5,196
406B
Of the total in 405B above how many units were Residential S



47
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 above444,583426,279402,887440,579443,584
408B
Dollars related to 403B above344,002332,277312,190336,500335,860
409A
Dollars related to 404A above367,658364,152340,856370,917350,740
409B
Dollars related to 404B above300,862292,775272,630297,051275,415
410A
Dollars related to 405A above



42,985
410B
Dollars related to 405B above



285
411A
Dollars related to 406A above



42,768
411B
Dollars related to 406B above



285
412A
Dollars related to 407A above





412B
Dollars related to 407B above





421A
Number of residential accounts billed - Water1,5351,6281,5871,490

421B
Number of residential accounts billed - Sewer1,4091,3561,3251,320

422A
Number of non-residential & bulk accounts billed - Water99969997

422B
Number of non-residential & bulk accounts billed - Sewer93929288

423A
Estimated percentage of accounts outside of municipal limits
































950.0
OfficialMartha D Huffstetler

951.0
TitleFinance Officer

952.0
Date12/30/201110/28/201011/12/200910/28/200810/29/200712/14/2006
953.0
ContactMartha D Huffstetler

954.0
TitleFinance Officer

955.0
Phone704-824-3518




956.0
Fax704-824-4700




957.0
E-Mail:


















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Key Ratios and Operations Statistics of Water and Sewer Systems for



City of Lowell













201120102009200820072006








Population
3,5312,7792,7582,7192,6892,662
Population Group
No Electric 2,500 to 9,999 No Electric 2,500 to 9,999 No Electric 2,500 to 9,999 No Electric 2,500 to 9,999 No Electric 2,500 to 9,999 No Electric 2,500 to 9,999
Total Operating Revenues
$889,961877,034793,142843,223954,741923,514
Total Operating Revenues Per Capita
$252316288310355347
Group Weighted Average Revenues Per Capita465442409396397412
State Weighted Average Revenues Per Capita404384353365367356








% to Total Operating Revenues






Operating Expenses
109.72%98.59%121.94%121.04%98.92%99.28%
Group Weighted Average
93.10%92.87%93.32%93.18%90.16%87.26%
State Weighted Average
82.59%85.08%89.86%86.70%82.47%81.57%








Operating Margin
-9.72%1.41%-21.94%-21.04%1.08%0.72%
Group Weighted Average
6.90%7.13%6.68%6.82%9.84%12.74%
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
2.55%3.37%2.01%1.52%2.84%2.59%
State Weighted Average
0.85%1.71%1.26%1.45%1.20%1.83%








Operating Transfers Out
0.00%0.00%0.00%0.00%0.00%0.00%
Group Weighted Average
5.13%4.49%7.69%4.05%4.95%2.33%
State Weighted Average
1.89%1.79%2.55%3.08%1.94%2.63%








Net Income before capital contributions
-10.32%0.67%-22.64%-19.94%2.39%1.42%
Group Weighted Average
-5.62%3.49%0.41%2.42%-2.67%6.45%
State Weighted Average
8.52%7.13%-10.44%7.19%11.65%9.59%








Key Ratios and Cash Flow














Quick Ratio
5.395.473.954.755.775.92
Group Weighted Average
3.362.993.223.123.263.67
State Weighted Average
3.483.202.812.962.902.82








Days Sales in Receivables
55.645.843.941.442.546.2
Group Weighted Average
53.357.765.252.352.853.8
State Weighted Average
54.458.958.655.260.057.8








Days Cash on Hand
170.7200.6129.7154.9179.7129.1
Group Weighted Average
360.2368.6384.6439.3462.7413.2
State Weighted Average
505.4465.8424.9457.2497.5457.2








Cash flow from Operations
$34,155137,099-41,372-18,042180,881146,977








Debt to Equity
0.040.050.060.060.060.00
Group Weighted Average
0.410.400.400.310.280.25
State Weighted Average
0.600.600.570.560.560.52








Debt per Capita
36536372730
Group Weighted Average
924863806631533484
State Weighted Average
1,2821,2531,1291,1391,101988








Capital Expenditures:
201120102009200820072006


$15,0006,0954,113205,20374,82523,768










2005200420032002



$34,187161,34532,44163,312









Capital Contributions: Excluded from income above
$00034,65000
















Operating Statistics














Estimated population of the areas served Water00002,689NA
Estimated population of the areas served Sewer00002,689NA








Number of Gallons of Water Processed (000) omitted109109109114,208116,508NA
Number of Gallons of Sewage Processed (000) omitted1091091090116,508NA








Number of Gallons of Water Billed (000) omitted88868687,72096,545NA
Number of Gallons of Sewage Billed (000) omitted77767684,05196,545NA








Ratio of Water Billed to Water Processed0.805710.788990.788990.768070.82866NA
Ratio of Sewage Billed to Sewage Processed0.708100.697250.69725
0.82866NA








Total Revenue from Water Sales444,583426,279402,887440,579443,584NA
Total Revenue from Sewage Sales344,002332,277312,190336,500335,860NA








Water Revenue per 1000 gallons of Sales




164.96244NA
Sewage Revenue per 1000 gallons of Sales




124.90145NA








Group Average Sales per thousand Gallons Water$0.00493$146.64376$40.01634$1,510.62899$1,842.80047NA
Group Average Sales per thousand Gallons Sewage$0.00751$72.11574$36.04590$1,288.89426$1,811.42912NA








State Average Sales per thousand Gallons Water$0.00336$24.76610$28.47236$12,972.02948$5,350.70834NA
State Average Sales per thousand Gallons Sewage$0.00971$42.19716$44.32771$10,951.56798$3,952.35744NA








Residential Water Sales per thousand Gallons$4,981.810164,791.473684,544.746674.440214.43066NA
Residential Sewage Sales per thousand Gallons$4,503.922014,435.984854,130.757584.097934.64436NA








Water Sales per thousand Gallons outside Municipal Limits



8.24099NA
Sewage Sales per thousand Gallons outside Municipal Limits



6.06383NA








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




Financial Graphs and Comparisons


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Analysis of Available Fund Balance:  General Fund

20072008200920102011
Unit's FBA %47.68%48.41%52.60%54.11%50.39%
Group average FBA %64.31%65.05%70.25%67.39%69.30%
State average Electric/Non Electric Group FBA %37.39%36.66%37.89%38.70%41.07%
State average FBA %36.54%36.34%64.31%37.47%39.53%






Municipal Population Group: No Electric 2,500 to 9,999

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Analysis of Property Tax

20072008200920102011
Municipality95.88%96.34%96.43%96.18%95.74%
Pop. Group96.70%95.81%95.41%95.40%96.67%
Statewide97.58%97.56%97.34%97.35%97.42%






Municipal Population Group: No Electric 2,500 to 9,999






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Analysis of General Obligation Debt

20072008200920102011
Municipality00000
Pop. Group149152158107113
Statewide478456455449450






Municipal Population Group: 2,500 to 4,999






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Analysis of Revenue

20072008200920102011
Property Tax$306358371369290
Utility348310281312243
Sales Tax1101091068464
Sales & Services2323242521
Intergovernmental130142134152120
Debt Proceeds1088086
Other Miscellaneous4832171513
Total$1,073982933965757

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Analysis of Revenue for Fiscal 2011











2011
2011
CategoryRevenue
Per Capita
Property Tax$1,022,538
$290
Water/Sewer858,800
243
Electric0
0
Other Utilities0
0
Sales Tax225,863
64
Sales & Services73,431
21
Intergovernment423,243
120
Debt Proceeds22,325
6
Miscellaneous47,210
13
Total$2,673,410
$757





Municipal Population Group: No Electric 2,500 to 9,999





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Analysis of Expenditures by Function for Fiscal 2011











2011
2011
CategoryExpenditures
Per Capita
General Government$542,325
$153
Water/Sewer850,205
241
Electric0
0
Other Utilities0
0
Debt Service37,632
11
Transportation365,813
104
Public Safety734,865
208
Other192,266
54
Total$2,723,106
$771





Municipal Population Group: No Electric 2,500 to 9,999





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Analysis of Expenditures by Object for Fiscal 2011






2011
2011
CategoryExpenditures
Per Capita
Salaries & Wages$850,373
$241
Water/Sewer Capital15,000
4
Electric Capital0
0
Other Capital107,296
30
Other Operating1,750,437
495
Total$2,723,106
$771





Municipal Population Group: No Electric 2,500 to 9,999






Last Updated 6/15/2012 11:23:38 AM