North Carolina
Department of State Treasurer
Financial Information
Town of Madison



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 Rockingham 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$1,563,356 $1,580,441 $1,598,544 $1,633,142 $1,626,035 $1,699,180


Utility 1,591,473 1,585,051 1,397,598 1,486,351 1,405,016 1,285,633


Sales Tax 262,206 273,381 344,249 390,056 385,216 358,789


Sales & Services 152,253 130,080 130,247 142,428 145,464 133,442


Intergovernmental 723,267 988,598 977,120 583,802 593,728 523,794


Debt Proceeds 54,900 - - 89,000 56,000 50,000


Other Miscellaneous 147,438 67,827 138,194 207,669 245,760 214,320


Total$4,494,893 4,625,378 4,585,952 4,532,448 4,457,219 4,265,158










Expenditures by Function







Utility$892,560 1,166,425 1,139,936 1,019,438 866,511 785,535


Debt Service 563,717 575,901 611,033 631,639 839,115 718,581


Transportation 357,997 416,742 532,822 401,168 583,792 482,724


General Government 630,054 568,945 687,587 522,511 498,243 532,657


Public Safety 1,146,343 1,105,681 924,199 1,080,070 860,403 991,954


Other 444,153 834,070 864,832 481,914 450,837 296,474


Total$4,034,824 4,667,764 4,760,409 4,136,740 4,098,901 3,807,925










Expenditures by Object







Salaries & Wages$1,378,803 1,400,728 1,364,843 1,324,974 1,229,071 1,375,266


Capital Outlay 146,804 123,407 178,050 334,097 238,787 256,182


Other Operating + Debt Service 2,509,217 3,143,629 3,217,516 2,477,669 2,631,043 2,176,477


Total$4,034,824 4,667,764 4,760,409 4,136,740 4,098,901 3,807,925



















Per Capita Revenues by Source







Property Tax$695 715 721 736 729 765


Utility 708 717 631 670 630 579


Sales Tax 116 124 155 176 174 161


Sales & Services 68 59 59 64 65 60


Intergovernmental 322 447 441 263 266 236


Debt Proceeds 24 - - 40 25 23


Other Miscellaneous 66 31 62 94 110 96


Total$1,999 2,093 2,069 2,043 1,999 1,920










Per Capita Expenditures by Function







Utility$397 528 514 459 389 354


Debt Service 251 261 276 285 376 324


Transportation 159 189 240 181 262 217


General Government 280 257 311 235 223 240


Public Safety 510 500 417 487 386 447


Other 197 377 390 217 202 133


Total$1,794 2,112 2,148 1,864 1,838 1,715










Per Capita Expenditures by Object







Salaries & Wages$613 634 616 597 551 619


Capital Outlay 65 56 80 151 107 115


Other Operating 1,116 1,422 1,452 1,116 1,180 981


Total$1,794 2,112 2,148 1,864 1,838 1,715










Population GroupNo Electric 1,000 to 2,499 No Electric 1,000 to 2,499 No Electric 1,000 to 2,499 No Electric 1,000 to 2,499 No Electric 1,000 to 2,499 No Electric 1,000 to 2,499


Number of Municipalites in Group 103 96 100 101 101 103


Average Population In Group 1,619 1,660 1,652 1,661 1,642 1,638


Town of Madison Population 2,249 2,210 2,216 2,219 2,230 2,221

Group Average Per Capita Revenues by Source







Property Tax 449 410422406369348


Utility 479 421427415423391


Sales Tax 160 151177199195179


Sales & Services 110 8784827672


Intergovernmental 271 238239222221246


Debt Proceeds 41 747512969170


Other Miscellaneous 139 106146192196160


Total 1,649 1,4871,5701,6451,5491,566










Group Average Per Capita Expenditures by Function







Utility 497 492531572461487


Debt Service 154 127154126110108


Transportation 145 141148140142131


General Government 241 202216265201222


Public Safety 397 345350384346326


Other 207 178201203206205


Total 1,641 1,4851,6001,6901,4661,479










Group Average Per Capita Expenditures by Object







Salaries & Wages 537 462480450427402


Capital Outlay 258 255302483305373


Other Operating 846 768818757733704


Total 1,641 1,4851,6001,6901,4651,479


















General Fund
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201120102009200820072006

General Fund revenues$2,766,088 2,662,152 2,807,264 2,853,531 2,870,310 2,822,655

General Fund expenditures 2,699,846 2,671,397 2,806,537 2,616,636 2,615,084 2,613,321

Operating transfers in 50,000 63,278 50,000 51,221 50,000 75,027

Operating transfers out - 277,680 427,000 152,000 90,000 72,000

Capital leases and installment purchase proceeds - - - 89,000 56,000 34,000

Other items 54,900 - - - 25,068 -

Excess of revenues and other sources over (under) expenditures and other uses 171,142 (223,647) (376,273) 225,116 296,294 246,361










Fund balance available (FBA):







In dollars$1,503,762 1,323,320 1,550,209 2,000,933 1,763,825 1,457,341


FBA as a % of GF Net Expenditures:







Unit's FBA %55.7044.8747.9474.6766.5854.97


Group weighted average FBA %64.1466.7966.0562.4565.4864.58


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$611,486 601,319 606,376 609,141 584,203 644,927


Quick ratio2.35 2.44 2.42 2.47 2.22 2.61


Net income(36,842)(87,714)111,224 80,948 112,195 106,980


Cashflow from operations740,782 437,340 444,096 598,368 731,382 584,857


Depreciation & Amortization Expense327,915 334,556 328,392 307,888 295,571 303,898


























Cash, Investments and Financing
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201120102009200820072006











Population at July 1st of the Previous Year2,2492,2102,2162,2192,2302,221


Population GroupNo Electric 1,000 to 2,499 No Electric 1,000 to 2,499 No Electric 1,000 to 2,499 No Electric 1,000 to 2,499 No Electric 1,000 to 2,499 No Electric 1,000 to 2,499


Cash &Investments$2,511,876 $2,637,797 $2,637,797 $3,009,868 $2,829,165 $2,576,034


Investment Earnings6,561 11,204 48,378 121,559 144,774 105,083


Tax Rate Equivalent0.00310.00510.02200.05430.06400.0454


Tax Rate Equivalent Group weighted average0.00340.00480.01310.02610.04090.0283


Tax Rate Equivalent Statewide weighted average0.03170.02470.01330.05240.09200.0573


Latest year of Revaluation 200320032003200320032003


January 1, Prior Year Assessed Valuation$214,718,174 218,357,611 220,132,628 223,948,345 226,104,116 231,279,771


Tax Rate0.73000.73000.73000.73000.73000.7300


Tax Rate Group weighted average0.27490.29700.29830.28600.34240.3297


Tax Rate State Wide0.41220.40900.42620.42380.44500.4321


Assessment -to-Sales Ratio98.8291.6488.0889.7688.9295.56


Assessment -to-Sales Ratio Group weighted average100.8097.6986.7788.9479.9685.71


Assessment -to-Sales Ratio Statewide101.4798.2790.8188.5388.4192.28


Assessed Valuation Adjusted for Assesment to Sales Ratio$217,282,103 238,277,620 249,923,510 249,496,819 254,278,133 242,025,713


EffectiveTax Rate0.72140.66900.64300.65520.64910.6976


Group weighted average Effective Tax Rate0.27710.29010.25890.25440.27370.2826


Statewide weighted average Effective Tax Rate0.41830.40200.38700.37520.39340.3987


Percent Collected97.390097.430097.130097.080097.200097.7500


Percent Collected Group weighted average96.4195.3295.9996.8697.1896.94


Percent Collected Statewide97.4297.3597.3497.5697.5897.55


Percent Collected Excluding Motor Vehicles98.0898.1298.0298.1397.9398.55


Percent Collected Excluding Motor Vehicles Group weighted average97.0495.9296.6797.7898.0197.76


Percent Collected Excluding Motor Vehicles Statewide weighted average98.2598.2398.3098.6598.5998.61


Percent Collected Motor Vehicles Only 87.0886.9384.8283.1587.2586.99


Percent Collected Motor Vehicles Only Group weighted average84.2085.2184.6085.1686.0785.54


Percent Collected Motor Vehicles Only Statewide weighted average 86.4186.3886.5586.7486.7186.80


Tax Uncollected128,084 125,763 137,828 142,652 144,611 141,999


Tax Rate Equivalent0.05970.05760.06260.06370.06400.0614


Dominant County: Rockingham






Debt Information








Population Group1,000 to 2,4991,000 to 2,4991,000 to 2,4991,000 to 2,4991,000 to 2,4991,000 to 2,499


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$1,683,000 1,777,000 1,868,000 1,954,000 2,038,000 2,145,000


General Government GO Debt0 0 0 0 0 0


Total General Obligation Debt1,683,000 1,777,000 1,868,000 1,954,000 2,038,000 2,145,000


Per Capita$748 804 843 881 914 966


Total Per Capita for the Population Group236 256 265 277 294 297


Total Per Capita Statewide450 449 455 456 478 495


Total per Assessed Valuation Adjusted for Current Year Sales0.7746%0.7458%0.7474%0.7832%0.8015%0.8863%


Total per Assessed Valuation Adjusted for Current Year Sales- Group Average0.1642%0.1838%0.1750%0.1852%0.2336%0.2606%


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 7,473 36,850 151,669


--General Government647,915 746,332 844,749 947,437 1,062,641 1,177,383


Total*$647,915 746,332 844,749 954,910 1,099,490 1,329,052


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




Revenue Bond Debt $200,338 244,641 288,944 333,246 377,549 421,851


















Annual Financial Information Report Detail
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LineSectionDescription201120102009200820072006

Population at July 1st of the Previous Year Adjusted for Boundry Changes2,2492,2102,2162,2192,2302,221









1.5AFISCAL Governmental Activities Assets4,381,3004,261,6224,568,8574,881,3384,683,3484,412,347
1.5BSUMMARYGovernmental Activities Liabilities1,272,3161,318,9521,389,7921,429,2481,574,5361,797,804
3.5A
Business Type Activities Assets8,451,2988,701,6009,032,4289,172,7599,410,8259,598,386
3.5B
Business Type Activities Liabilties3,873,1014,086,5614,329,6754,581,2304,900,2445,200,000
6.5A
Fiduciary Funds Assets





6.5B
Fiduciary Funds Liabilties





10.0PART 2Current Collections of Unit -Wide Levy1,523,9901,540,3201,553,1611,583,5921,596,6401,663,987
11.0TAXCurrent Collections of Special Tax Districts





12.0REVENUESPrior Years' Levy Collections30,39431,97536,28640,23022,81228,128
13.0
Penalties and Interest8,9728,1469,0979,3206,5837,065
14.0
Collections of Taxes Previously Written Off





15.0
Animal Tax
1,173



15.1
Solid Waste Disposal Tax1,484
1,033


16.0
1% Local Government Option Sales Tax121,112117,224125,803122,050118,427115,894
17.0
1/2% Local Government Option Sales Tax (40)83,21783,46989,92899,79999,47489,407
18.0
1/2% Local Government Option Sales Tax (42)58,36765,90989,28799,27798,97588,996
18.5
1/2% Local Government Option Sales Tax (44)-4906,77939,23168,93068,34064,492
19.0
Privilege Licenses72,02523,69922,50123,95022,51924,566
19.2
Privilege -- All other privileges and pemits





20.0
Auto Licenses





21.0
Vehicle Tax for Public Transportation





22.0
Other Licenses5,5883,0534,0823,84614,15823,565
23.0
Local Occupancy Tax





24.0
Prepared Food Tax





25.0
911 Charges





26.0
Gross Short Term lease and Rental Tax1941506871,2041,466
27.0FEDERALPayments In Lieu of Taxes - Federal





28.0INTERGOVEquitable Sharing of Fed. Forfeited Prop.22,6275851,567


29.0REVENUESGeneral Government188,385172,149118,02192,33791,86498,209
30.0
Public Safety256,107204,416235,454141,062172,187118,698
31.0
Transportation - Streets





32.0
Transportation - All Other





33.0
Environmental Protection





34.0
Econ. & Phys. Dev. - Housing/Comm. Dev.
343,536331,214


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 Harmless





42.0
Wireless Enhanced 911 Service Charges





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





42.2
ETSF Interest Income





43.0
Piped Natural Gas Charge Distribution





44.0
Utility Franchise Tax139,731154,864160,593178,258188,084169,028
45.0
Beer and Wine Tax9,7403,1619,96510,27210,0369,872
46.0
Powell Bill68,99468,81577,79787,46678,36480,339
50.0
Court Fees - Facilities and Arrest Fees1,1701,9101,3112,1371,5961,743
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 Safety35,72937,58538,20071,59047,94245,905
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 Recreation7841,5772,9986803,655
71.0PERMITS Building Permits14,34815,13623,84622,29126,046
72.0& FEESInspection Fees




14,583
72.1
Amusements licensing and permit taxes





73.0
Other Permits





74.0SALES &Parking Revenues





75.0SERVICESRents and Royalties





76.0
Airport





77.0
Fire Protection Charges





78.0
Solid Waste134,412116,910117,546119,627120,256121,437
79.0
Ambulance and Rescue Squad Charges





80.0
Cemeteries11,9708,4908,50011,21515,6258,005
81.0
Recreation Service Revenues





82.0
Library Service Revenues





83.0
Other Cultural and Rec Service Revenues





84.0
Mass Transit - City Operated





85.0
Other Sales and Services5,8714,6804,20111,5869,5834,000
86.0UTILITYWater and Sewer Charges1,591,4731,585,0511,397,5981,486,3511,405,0161,285,633
87.0REVENUESElectric Charges





88.0
Gas Charges





88.1
Storm Water Fees





89.0MISC.Investment Earnings - Bond Proceeds





90.0REVENUESInvestment Earnings - All Other Funds6,56111,20448,378121,559144,774105,083
91.0
Special Assessments





92.0
Private Contributions and Donations





93.0
Sales of Materials and Fixed Assets16,1767,6032,6541,8113,7752,820
94.0
Sale of Real Property4,000




95.0
Nongovt Contr For Streets & Traffic Signals





96.0
ABC Mixed Drink Surcharge





97.0
ABC Profit Distribution26,122
26,68426,80225,06825,027
98.0
Other Miscellaneous Revenues1,1155,9188,9666,7238,21617,210
99.0
Proceeds of Sale of Bonds and Notes





100.0
Proceeds of Capital Leases/Install Purchases54,900

89,00056,00050,000
101.0
Other





102.0NON-REVSchool - Current Levy Collections





103.0RECEIPTSPrior Years' Levy Collections





104.0
Tax Collections for Other Units





105.0
Utilities Customer's Deposits





106.0
Deposits Other than Utility





107.0
Prepaid Taxes





108.0
Prepaid Privilege Licenses





109APART 4Governing Body - Salaries & Wages11,40011,40011,40010,26010,26010,260
109BGENERALGoverning Body - Other Direct1,4132,1061,6592,3717391,412
109CGOVTGoverning Body - Construction





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





110A
Administration - Salaries & Wages99,91899,55299,522109,725102,532104,569
110B
Administration - Other Direct72,61376,42977,90681,23489,06881,135
110C
Administration - Construction





110D
Administration - Purchase of P,P&E





111A
Elections - Salaries & Wages





111B
Elections - Other Direct
4,6298726,2514041,593
111C
Elections - Construction





111D
Elections - Purchase of P,P&E





112A
Finance - Salaries & Wages120,541120,917108,14191,72185,637103,605
112B
Finance - Other Direct75,88572,77566,35856,98558,16059,712
112C
Finance - Construction





112D
Finance - Purchase of P,P&E
1,274



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 Direct19,05519,42521,86723,41122,70929,852
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 & Wages54,26513,88912,45012,06512,00012,046
118B
Gen. Govt. All Other - Other Direct152,916146,549287,412128,488116,734128,473
118C
Gen. Govt. All Other - Construction





118D
Gen. Govt. All Other - Purchase of P,P&E22,048




119APUBLICPolice & Comm - Traffic Control - Salaries and Wages537,277535,950486,559475,794415,511423,000
119BSAFETYPolice & Comm - Traffic Control - Other Direct344,065308,685259,683295,217249,160261,245
119C
Police & Comm - Traffic Control - Construction




50,702
119D
Police & Comm - Traffic Control - Purchase of P,P&E83,10520,764
44,37813,262105,097
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 & Wages75,66574,75373,39877,27675,05562,590
122B
Fire - Other Direct76,53066,28374,19672,88169,33871,715
122C
Fire - Construction





122D
Fire - Purchase of P,P&E7,65674,969
89,00011,404
123A
Inspectors - Salaries & Wages12,67514,90720,11520,26921,41812,350
123B
Inspectors - Other Direct





123C
Inspectors - Construction





123D
Inspectors - Purchase of P,P&E





124A
Rescue Units - Salaries & Wages





124B
Rescue Units - Other Direct1,5001,5001,5001,5001,5001,500
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 & Wages174,802171,805169,834171,235178,102
127BTATIONTraffic Engineering - Other Direct183,195231,659362,988228,469302,952
127C
Traffic Engineering - Construction





127D
Traffic Engineering - Purchase of P,P&E
13,278
1,464102,738
128A
Streets and Highways - Salaries & Wages




178,286
128B
Streets and Highways - Other Direct




222,886
128C
Streets and Highways - Construction




72,854
128D
Streets and Highways - Purchase of P,P&E




8,698
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 & Wages





136BMENTALSolid Waste - Other Direct173,315183,183182,611176,748176,24117,422
136CPROTECTIONSolid Waste - Construction





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





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 & Wages39,39646,65962,07346,34443,83450,486
138B
Cemeteries - Other Direct33,61128,05131,74830,00327,93325,871
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 & Wages32,56231,56834,63332,32233,00732,428
140B& PHYSICALPlanning & Zoning - Other Direct14,40413,78717,35814,62015,67814,054
140CDEVELOPPlanning & Zoning - Construction





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





141A
Economic Development - Salaries & Wages





141B
Economic Development - Other Direct10,020388,556368,23438,2706,9189,327
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




140,000
153BRECREATIONRecreation & Parks - Other Direct140,000140,000159,680142,000142,000
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 Direct8452,2668,4951,6075,2266,886
157C
Cult. & Recr. All Other - Construction





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





158AUTILITYWater & Sewer - Salaries & Wages220,302279,328286,718277,963251,715245,646
158B
Water & Sewer - Other Direct 638,263873,975675,168542,220503,413521,058
158C
Water & Sewer - Construction33,99513,122178,050199,255111,3837,708
158D
Water & Sewer - Purchase of P,P&E




11,123
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 & Fees127,135215,806215,494218,104246,912251,040
161DSERVICEWater & Sewer - Principal276,625193,511197,190200,870317,733214,006
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 & Fees28,66136,48042,40247,75752,38759,246
166D
All Other - Principal131,296130,104155,947164,908222,083194,289
167BPENSIONDirect Benefit Program - Other Direct





168BFRINGEFringe Benefits Unallocated





169B
Separation Allowance - Law Enforcement





170B
Separation Allowance - Other Employees





171B
Supplemental Retirement - Law Enforcement7,8707,8708,7483,7553,7553,755
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 vehicles1,488,314.1,495,394.001,498,371.001,524,286.001,536,168.001,589,849.00
180.0
Current year's levy -- Motor vehicles (only)99,489.97,642.00108,181.00114,115.00112,772.00119,009.00
181.0PART 6Uncollected Taxes - Current Year's Levy Except Mot Veh28,595.28,121.0029,647.0028,537.0031,839.0022,990.00
182.0OTHERUncollected Taxes - CY Levy -Motor Vehicles12,85712,75816,42319,22614,37315,481
183.0DATAPercentage of Taxes Collected - All Property %97.3997.4397.1397.0897.2097.75
184.0DATAPercentage of Taxes Collected - Exclude Motor Vehicles%98.0898.1298.0298.1397.9398.55
185.0
Percentage of Taxes Collected - Motor Vehicles %87.0886.9384.8283.1587.2586.99
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 Other2,511,8762,637,7972,637,7973,009,8682,829,1652,576,034
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 Revenues4,494,8934,625,3784,585,9524,532,4484,457,2194,265,158
194BFISCALAmount - Subtract Refunding Bond Proceeds





194CSUMMARYAmount - Subtract Interfund Transfers In





194D
Amount - Net Revenues4,494,8934,625,3784,585,9524,532,4484,457,2194,265,158


Calculated amount4,494,8934,625,3784,585,9524,532,4484,457,2194,265,158


Amounts in AGREEMENT??YesYesYesYesYesYes


Difference





195A
Amount - Total Expenditures4,034,8244,667,7644,760,4094,136,7404,098,9013,807,925
195B
Amount - Subtract Pymts. to Refunded Debt Agent





195C
Amount - Subtract Interfund Transfers Out





195D
Amount - Net Expenditures4,034,8244,667,7644,760,4094,136,7404,098,9013,807,925


Calculated amount4,034,8244,667,7644,760,4094,136,7404,098,9013,807,925


Amounts in AGREEMENT??YesYesYesYesYesYes


Difference














401APart 10Number of residential accounts billed Water





401BWater /Number of residential accounts billed Sewer





402ASewer Amount processed and/or purchased in units Water219193196200,404265,560
402BOperationsAmount processed and/or purchased in units Sewer145162144133,523121,198
403A
Total amount billed in units - Water144132138145,542140,106
403B
Total amount billed in units - Sewer10596100104,030103,323
404A
Of the total in 403A above how many units were Residential W37393941,43141,926
404B
Of the total in 403B above how many units were Residential S35363739,02739,354
405A
Of the total in 403 above, how many units were Outside Muni W



11,132
405B
Of the total in 403 above, how many units were Outside Muni S



4,521
406A
Of the total in 405A above how many units were Residential W



1,897
406B
Of the total in 405B above how many units were Residential S



608
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 above780,831709,221763,546834,236825,485
408B
Dollars related to 403B above733,440685,205614,811615,383572,951
409A
Dollars related to 404A above269,459262,716267,863279,722282,415
409B
Dollars related to 404B above258,504249,745221,725213,523214,804
410A
Dollars related to 405A above



58,103
410B
Dollars related to 405B above



22,246
411A
Dollars related to 406A above



25,179
411B
Dollars related to 406B above



6,727
412A
Dollars related to 407A above





412B
Dollars related to 407B above





421A
Number of residential accounts billed - Water891903
899

421B
Number of residential accounts billed - Sewer830842
836

422A
Number of non-residential & bulk accounts billed - Water246245
253

422B
Number of non-residential & bulk accounts billed - Sewer215215
223

423A
Estimated percentage of accounts outside of municipal limits
































950.0
OfficialS. Danielle Acord

951.0
TitleFinance Director

952.0
Date10/10/201110/27/201012/17/200910/30/200805/08/2009 1/12/2007
953.0
ContactS. Danielle Acord

954.0
TitleFinance Director

955.0
Phone336-427-2271




956.0
Fax336-427-2565




957.0
E-Mail:


















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Key Ratios and Operations Statistics of Water and Sewer Systems for



Town of Madison













201120102009200820072006








Population
2,2492,2102,2162,2192,2302,221
Population Group
No Electric 1,000 to 2,499 No Electric 1,000 to 2,499 No Electric 1,000 to 2,499 No Electric 1,000 to 2,499 No Electric 1,000 to 2,499 No Electric 1,000 to 2,499
Total Operating Revenues
$1,591,4731,585,0511,397,5981,486,3511,405,0161,285,633
Total Operating Revenues Per Capita
$708717631670630579
Group Weighted Average Revenues Per Capita540511491492485464
State Weighted Average Revenues Per Capita404384353365367356








% to Total Operating Revenues






Operating Expenses
76.25%95.58%92.32%75.90%74.78%77.11%
Group Weighted Average
98.67%103.53%104.32%100.84%98.61%97.18%
State Weighted Average
82.59%85.08%89.86%86.70%82.47%81.57%








Operating Margin
23.75%4.42%7.68%24.10%25.22%22.89%
Group Weighted Average
1.33%-3.53%-4.32%-0.84%1.39%2.82%
State Weighted Average
17.41%14.92%10.14%13.30%17.53%18.43%








Operating Transfers In
0.00%12.16%27.05%6.73%2.85%1.56%
Group Weighted Average
2.39%9.32%5.23%5.30%2.84%3.65%
State Weighted Average
0.85%1.71%1.26%1.45%1.20%1.83%








Operating Transfers Out
3.14%0.00%0.00%0.00%0.00%0.00%
Group Weighted Average
2.00%1.97%5.24%2.83%2.13%9.41%
State Weighted Average
1.89%1.79%2.55%3.08%1.94%2.63%








Net Income before capital contributions
-2.31%-5.53%7.96%5.45%7.99%8.32%
Group Weighted Average
-9.48%1.18%-23.75%1.30%-0.96%-2.72%
State Weighted Average
8.52%7.13%-10.44%7.19%11.65%9.59%








Key Ratios and Cash Flow














Quick Ratio
2.352.442.422.472.222.61
Group Weighted Average
3.563.373.102.843.253.58
State Weighted Average
3.483.202.812.962.902.82








Days Sales in Receivables
44.038.751.247.851.756.6
Group Weighted Average
46.851.444.147.945.844.0
State Weighted Average
54.458.958.655.260.057.8








Days Cash on Hand
302.3220.9282.4327.5380.4425.4
Group Weighted Average
358.6346.3349.2373.6497.2407.8
State Weighted Average
505.4465.8424.9457.2497.5457.2








Cash flow from Operations
$740,782437,340444,096598,368731,382584,857








Debt to Equity
0.800.850.890.971.051.16
Group Weighted Average
0.260.280.280.310.280.28
State Weighted Average
0.600.600.570.560.560.52








Debt per Capita
1,6261,7781,8952,0122,1202,306
Group Weighted Average
834871824898782740
State Weighted Average
1,2821,2531,1291,1391,101988








Capital Expenditures:
201120102009200820072006


$33,99513,122178,050199,255111,38318,831










2005200420032002



$223,3201,014,084589,182151,903









Capital Contributions: Excluded from income above
$000000
















Operating Statistics














Estimated population of the areas served Water00000NA
Estimated population of the areas served Sewer00000NA








Number of Gallons of Water Processed (000) omitted219193196200,404265,560NA
Number of Gallons of Sewage Processed (000) omitted145162144133,523121,198NA








Number of Gallons of Water Billed (000) omitted144132138145,542140,106NA
Number of Gallons of Sewage Billed (000) omitted10596100104,030103,323NA








Ratio of Water Billed to Water Processed0.657270.686520.704130.726240.52759NA
Ratio of Sewage Billed to Sewage Processed0.727370.595770.696670.779120.85251NA








Total Revenue from Water Sales780,831709,221763,546834,236825,485NA
Total Revenue from Sewage Sales733,440685,205614,811615,383572,951NA








Water Revenue per 1000 gallons of Sales





NA
Sewage Revenue per 1000 gallons of Sales





NA








Group Average Sales per thousand Gallons Water$0.00015$58.03901$27.87923$1,769.81984$14,046.04813NA
Group Average Sales per thousand Gallons Sewage$0.00021$70.05637$30.85954$824.88077$6,790.60081NA








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$7,214.434006,797.309186,850.716116.751516.73603NA
Residential Sewage Sales per thousand Gallons$7,402.762606,857.358596,020.228075.471165.45825NA








Water Sales per thousand Gallons outside Municipal Limits



5.21946NA
Sewage Sales per thousand Gallons outside Municipal Limits



4.92059NA








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 %66.58%74.67%47.94%44.87%55.70%
Group average FBA %65.48%62.45%66.05%66.79%64.14%
State average Electric/Non Electric Group FBA %37.39%36.66%37.89%38.70%41.07%
State average FBA %36.54%36.34%65.48%37.47%39.53%






Municipal Population Group: No Electric 1,000 to 2,499

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Analysis of Property Tax

20072008200920102011
Municipality97.20%97.08%97.13%97.43%97.39%
Pop. Group97.18%96.86%95.99%95.32%96.41%
Statewide97.58%97.56%97.34%97.35%97.42%






Municipal Population Group: No Electric 1,000 to 2,499






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Analysis of General Obligation Debt

20072008200920102011
Municipality914881843804748
Pop. Group294277265256236
Statewide478456455449450






Municipal Population Group: 1,000 to 2,499






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Analysis of Revenue

20072008200920102011
Property Tax$729736721715695
Utility630670631717708
Sales Tax174176155124116
Sales & Services6564595968
Intergovernmental266263441447322
Debt Proceeds25400024
Other Miscellaneous11094623166
Total$1,9992,0432,0692,0931,999

Go to top of page
Analysis of Revenue for Fiscal 2011











2011
2011
CategoryRevenue
Per Capita
Property Tax$1,563,356
$695
Water/Sewer1,591,473
708
Electric0
0
Other Utilities0
0
Sales Tax262,206
116
Sales & Services152,253
68
Intergovernment723,267
322
Debt Proceeds54,900
24
Miscellaneous147,438
66
Total$4,494,893
$1,999





Municipal Population Group: No Electric 1,000 to 2,499





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Analysis of Expenditures by Function for Fiscal 2011











2011
2011
CategoryExpenditures
Per Capita
General Government$630,054
$280
Water/Sewer892,560
397
Electric0
0
Other Utilities0
0
Debt Service563,717
251
Transportation357,997
159
Public Safety1,146,343
510
Other444,153
197
Total$4,034,824
$1,794





Municipal Population Group: No Electric 1,000 to 2,499





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Analysis of Expenditures by Object for Fiscal 2011






2011
2011
CategoryExpenditures
Per Capita
Salaries & Wages$1,378,803
$613
Water/Sewer Capital33,995
15
Electric Capital0
0
Other Capital112,809
50
Other Operating2,509,217
1,116
Total$4,034,824
$1,794





Municipal Population Group: No Electric 1,000 to 2,499






Last Updated 6/15/2012 11:24:10 AM