North Carolina
Department of State Treasurer
Financial Information
Town of Maiden



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
Go to Catawba County Map Page

The AFIR report that was due 10/31/2011 has not been received as of 06/12/2012


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$0 $1,592,483 $1,492,000 $1,440,638 $1,422,403 $1,289,677


Utility - 7,209,306 6,671,114 7,641,250 7,104,134 6,618,210


Sales Tax - 536,296 616,834 758,576 791,155 671,961


Sales & Services - 300,176 278,573 273,341 257,367 161,537


Intergovernmental - 774,472 701,583 495,848 520,709 481,490


Debt Proceeds - 164,467 55,591 - - -


Other Miscellaneous - 99,789 324,522 259,042 269,634 187,664


Total$0 10,676,989 10,140,217 10,868,695 10,365,402 9,410,539










Expenditures by Function







Utility$0 7,024,789 7,044,882 6,876,571 6,220,970 6,267,080


Debt Service - 219,581 78,372 15,988 17,331 15,664


Transportation - 367,297 325,212 396,011 329,651 421,421


General Government - 712,547 584,924 543,958 528,361 571,061


Public Safety - 1,128,531 1,035,219 1,452,284 1,013,155 1,094,747


Other - 616,658 587,923 643,161 740,955 642,758


Total$0 10,069,403 9,656,532 9,927,973 8,850,423 9,012,731










Expenditures by Object







Salaries & Wages$0 1,491,132 1,440,198 1,582,631 1,495,102 1,849,590


Capital Outlay - 411,342 455,754 761,340 48,209 218,752


Other Operating + Debt Service - 8,166,929 7,760,580 7,584,002 7,307,112 6,944,389


Total$0 10,069,403 9,656,532 9,927,973 8,850,423 9,012,731



















Per Capita Revenues by Source







Property Tax$0 459 435 423 422 385


Utility - 2,080 1,943 2,243 2,110 1,977


Sales Tax - 155 180 223 236 202


Sales & Services - 87 81 80 76 48


Intergovernmental - 223 204 146 155 144


Debt Proceeds - 47 16 - - -


Other Miscellaneous - 29 95 76 80 56


Total$0 3,080 2,954 3,191 3,079 2,812










Per Capita Expenditures by Function







Utility$0 2,027 2,052 2,019 1,848 1,872


Debt Service - 63 23 5 5 5


Transportation - 106 95 116 98 126


General Government - 205 170 160 157 171


Public Safety - 326 302 426 301 327


Other - 178 171 189 220 192


Total$0 2,905 2,813 2,915 2,629 2,693










Per Capita Expenditures by Object







Salaries & Wages$0 430 420 465 444 553


Capital Outlay - 119 133 224 14 65


Other Operating - 2,356 2,260 2,226 2,171 2,075


Total$0 2,905 2,813 2,915 2,629 2,693










Population GroupElectric 2,500 to 9,999 Electric 2,500 to 9,999 Electric 2,500 to 9,999 Electric 2,500 to 9,999 Electric 2,500 to 9,999 Electric 2,500 to 9,999


Number of Municipalites in Group 21 19 20 21 20 20


Average Population In Group 5,155 4,773 4,967 5,139 5,149 5,074


Town of Maiden Population 3,327 3,466 3,433 3,406 3,367 3,347

Group Average Per Capita Revenues by Source







Property Tax 336 308317304301285


Utility 2,187 1,8281,7751,9601,8951,850


Sales Tax 130 112134161162152


Sales & Services 166 131125137120119


Intergovernmental 313 248223196220226


Debt Proceeds 141 708915312454


Other Miscellaneous 143 211227231184125


Total 3,416 2,9082,8903,1423,0062,811










Group Average Per Capita Expenditures by Function







Utility 1,929 1,6871,6891,8071,7001,712


Debt Service 150 13610214410999


Transportation 139 106125127148136


General Government 202 189192161181163


Public Safety 427 399359424405362


Other 423 385344420365329


Total 3,270 2,9022,8113,0832,9082,801










Group Average Per Capita Expenditures by Object







Salaries & Wages 673 597631637595593


Capital Outlay 349 274258438375348


Other Operating 2,243 2,0261,9182,0081,9381,860


Total 3,265 2,8972,8073,0832,9082,801


















General Fund
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201120102009200820072006

General Fund revenues$3,241,215 3,011,448 2,937,968 3,060,275 3,087,522 2,680,995

General Fund expenditures 2,726,615 2,825,033 2,533,278 3,032,838 2,417,518 2,643,683

Operating transfers in 10,000 - 50,000 414,165 9,403 -

Operating transfers out 45,000 48,800 100,311 65,311 - -

Capital leases and installment purchase proceeds - - - - - -

Other items 5,400 8,747 18,616 - - -

Excess of revenues and other sources over (under) expenditures and other uses 485,000 146,362 372,995 376,291 679,407 37,312










Fund balance available (FBA):







In dollars$2,811,624 2,351,866 2,250,825 1,811,100 1,429,924 840,073


FBA as a % of GF Net Expenditures:







Unit's FBA %101.4481.8485.4758.4659.1531.78


Group weighted average FBA %48.5647.3441.3239.9437.6839.10


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$4,220,384 4,128,015 3,553,890 3,594,306 2,777,079 1,886,397


Quick ratio10.13 10.53 9.06 7.16 14.85 10.22


Net income(218,530)473,698 29,896 2,141,402 357,152 (197,038)


Cashflow from operations904,513 641,085 390,016 936,819 779,446 251,491


Depreciation & Amortization Expense630,687 628,122 597,670 603,863 607,088 610,363


























Cash, Investments and Financing
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201120102009200820072006











Population at July 1st of the Previous Year3,3273,4663,4333,4063,3673,347


Population GroupElectric 2,500 to 9,999 Electric 2,500 to 9,999 Electric 2,500 to 9,999 Electric 2,500 to 9,999 Electric 2,500 to 9,999 Electric 2,500 to 9,999


Cash &Investments$0 $7,664,947 $7,211,778 $6,564,773 $5,480,415 $4,226,271


Investment Earnings0 47,475 140,903 239,889 244,379 166,733


Tax Rate Equivalent0.00000.01220.03810.06790.06940.0523


Tax Rate Equivalent Group weighted average0.00750.01030.02400.05600.07220.0561


Tax Rate Equivalent Statewide weighted average0.03170.02470.01330.05240.09200.0573


Latest year of Revaluation 200720072007200720032003


January 1, Prior Year Assessed Valuation$413,614,124 388,671,197 370,162,561 353,120,586 352,025,234 318,550,054


Tax Rate0.40000.40000.40000.40000.40000.3800


Tax Rate Group weighted average0.39140.37330.37810.38340.40660.4094


Tax Rate State Wide0.41220.40900.42620.42380.44500.4321


Assessment -to-Sales Ratio100.0097.8597.9497.7394.5896.47


Assessment -to-Sales Ratio Group weighted average98.1396.0190.5886.6889.3590.83


Assessment -to-Sales Ratio Statewide101.4798.2790.8188.5388.4192.28


Assessed Valuation Adjusted for Assesment to Sales Ratio$413,614,124 397,211,239 377,948,296 361,322,609 372,198,387 330,206,338


EffectiveTax Rate0.40000.39140.39180.39090.37830.3666


Group weighted average Effective Tax Rate0.38410.35840.34250.33230.36330.3719


Statewide weighted average Effective Tax Rate0.41830.40200.38700.37520.39340.3987


Percent Collected0.000097.280096.790097.520097.930097.7500


Percent Collected Group weighted average95.7996.1895.8295.9996.0095.42


Percent Collected Statewide97.4297.3597.3497.5697.5897.55


Percent Collected Excluding Motor Vehicles0.0098.1397.9198.6499.0298.84


Percent Collected Excluding Motor Vehicles Group weighted average96.7797.2096.8497.3097.3896.96


Percent Collected Excluding Motor Vehicles Statewide weighted average98.2598.2398.3098.6598.5998.61


Percent Collected Motor Vehicles Only 0.0080.0177.3678.5380.0481.53


Percent Collected Motor Vehicles Only Group weighted average81.5682.1682.5581.9682.2880.71


Percent Collected Motor Vehicles Only Statewide weighted average 86.4186.3886.5586.7486.7186.80


Tax Uncollected0 102,483 112,107 98,678 95,087 94,724


Tax Rate Equivalent0.00000.02640.03030.02790.02700.0297


Dominant County: Catawba






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$94,548 148,113 198,831 236,657 282,861 326,642


--General Government0 0 0 0 0 0


Total*$94,548 148,113 198,831 236,657 282,861 326,642


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




Revenue Bond Debt $1,028,862 1,131,748 1,234,634 0 0 0


















Annual Financial Information Report Detail
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LineSectionDescription201120102009200820072006

Population at July 1st of the Previous Year Adjusted for Boundry Changes3,3273,4663,4333,4063,3673,347









1.5AFISCAL Governmental Activities Assets

7,696,8917,346,8306,885,3846,442,577
1.5BSUMMARYGovernmental Activities Liabilities

180,419158,958129,863147,945
3.5A
Business Type Activities Assets

15,213,56215,352,68612,009,80111,725,510
3.5B
Business Type Activities Liabilties

1,646,9821,799,294597,808670,672
6.5A
Fiduciary Funds Assets





6.5B
Fiduciary Funds Liabilties





10.0PART 2Current Collections of Unit -Wide Levy
1,539,4501,461,6881,407,8821,392,8931,248,032
11.0TAXCurrent Collections of Special Tax Districts





12.0REVENUESPrior Years' Levy Collections
45,33024,31126,71924,01928,661
13.0
Penalties and Interest
7,7036,0016,0375,49112,984
14.0
Collections of Taxes Previously Written Off





15.0
Animal Tax





15.1
Solid Waste Disposal Tax
2,3391,585


16.0
1% Local Government Option Sales Tax
267,914283,807337,470379,893304,923
17.0
1/2% Local Government Option Sales Tax (40)
122,834128,841143,037139,852122,295
18.0
1/2% Local Government Option Sales Tax (42)
133,725127,231141,509138,441121,204
18.5
1/2% Local Government Option Sales Tax (44)
11,82376,955136,560132,969123,539
19.0
Privilege Licenses





19.2
Privilege -- All other privileges and pemits




343
20.0
Auto Licenses





21.0
Vehicle Tax for Public Transportation





22.0
Other Licenses





23.0
Local Occupancy Tax





24.0
Prepared Food Tax





25.0
911 Charges





26.0
Gross Short Term lease and Rental Tax





27.0FEDERALPayments In Lieu of Taxes - Federal





28.0INTERGOVEquitable Sharing of Fed. Forfeited Prop.
2,2206,2535,5445,7965,799
29.0REVENUESGeneral Government





30.0
Public Safety



30,2501,500
31.0
Transportation - Streets





32.0
Transportation - All Other





33.0
Environmental Protection
245,164209,912


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


4,19815,68819,956
41.0REVENUESTransitional Hold Harmless
87,94041,393


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
26,21032,802


44.0
Utility Franchise Tax
300,260274,738335,848316,666275,948
45.0
Beer and Wine Tax
4,89615,29615,51015,12414,527
46.0
Powell Bill
106,200119,519132,968118,680115,558
50.0
Court Fees - Facilities and Arrest Fees
1,5821,6701,7801,5051,517
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




29,287
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



17,00017,398
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 Permits
2,6452,985525565410
74.0SALES &Parking Revenues





75.0SERVICESRents and Royalties





76.0
Airport





77.0
Fire Protection Charges
124,969140,238140,571121,45379,858
78.0
Solid Waste
113,60681,62681,91775,25040,796
79.0
Ambulance and Rescue Squad Charges





80.0
Cemeteries
12,7008,90013,3509,7505,400
81.0
Recreation Service Revenues
48,90147,80937,50350,91435,483
82.0
Library Service Revenues





83.0
Other Cultural and Rec Service Revenues





84.0
Mass Transit - City Operated





85.0
Other Sales and Services





86.0UTILITYWater and Sewer Charges
2,240,1702,227,7882,536,2722,235,6812,030,977
87.0REVENUESElectric Charges
4,969,1364,443,3265,104,9784,868,4534,587,233
88.0
Gas Charges





88.1
Storm Water Fees





89.0MISC.Investment Earnings - Bond Proceeds





90.0REVENUESInvestment Earnings - All Other Funds
47,475140,903239,889244,379166,733
91.0
Special Assessments





92.0
Private Contributions and Donations

138,233
2,900500
93.0
Sales of Materials and Fixed Assets


15,6926,7753,744
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 Revenues
38,56316,8002,93615,01515,934
99.0
Proceeds of Sale of Bonds and Notes
164,46755,591


100.0
Proceeds of Capital Leases/Install Purchases





101.0
Other
8,76724,016


102.0NON-REVSchool - Current Levy Collections





103.0RECEIPTSPrior Years' Levy Collections





104.0
Tax Collections for Other Units





105.0
Utilities Customer's Deposits


2,9155,8003,737
106.0
Deposits Other than Utility





107.0
Prepaid Taxes


-107-1,207418
108.0
Prepaid Privilege Licenses





109APART 4Governing Body - Salaries & Wages
15,60015,60015,60012,60012,600
109BGENERALGoverning Body - Other Direct
413,689293,640316,794325,334309,799
109CGOVTGoverning Body - Construction





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





110A
Administration - Salaries & Wages
42,52847,84536,58131,58320,974
110B
Administration - Other Direct
24,13525,28716,73715,58615,894
110C
Administration - Construction





110D
Administration - Purchase of P,P&E





111A
Elections - Salaries & Wages





111B
Elections - Other Direct





111C
Elections - Construction





111D
Elections - Purchase of P,P&E





112A
Finance - Salaries & Wages
41,16229,49828,65732,80233,651
112B
Finance - Other Direct
54,42059,91535,87341,98051,947
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 Direct
41,66641,08214,02510,61836,859
114C
Legal - Construction





114D
Legal - Purchase of P,P&E





115A
Public Buildings - Salaries & Wages





115B
Public Buildings - Other Direct
23,68924,83425,16517,34120,369
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
10,3569,82911,99413,59040,405
117B
Central Services - Other Direct
45,30237,39431,33226,92728,563
117C
Central Services - Construction





117D
Central Services - Purchase of P,P&E


11,200

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 Wages
486,977464,754498,744474,486529,603
119BSAFETYPolice & Comm - Traffic Control - Other Direct
388,236352,430286,089275,743343,537
119C
Police & Comm - Traffic Control - Construction





119D
Police & Comm - Traffic Control - Purchase of P,P&E


22,33942,21539,675
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
57,20456,68966,07243,73747,341
122B
Fire - Other Direct
173,515139,882144,023156,501112,316
122C
Fire - Construction





122D
Fire - Purchase of P,P&E


414,165

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 & Wages
127,484117,839118,980106,136107,017
128B
Streets and Highways - Other Direct
191,702157,627146,789124,823137,541
128C
Streets and Highways - Construction





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


26,7385,99417,600
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
48,11149,74679,00492,69856,438
130C
Powell Bill - Construction





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


24,500
102,825
131A
Parking Facilities - Salaries & Wages





131B
Parking Facilities - Other Direct





131C
Parking Facilities - Construction





131D
Parking Facilities - Purchase of P,P&E





132A
Mass Transit - City - Salaries & Wages





132B
Mass Transit - City - Other Direct





132C
Mass Transit - City - Construction





132D
Mass Transit - City - Purchase of P,P&E





133B
Mass Transit - Private - Other Direct





134A
Airport - Salaries & Wages





134B
Airport - Other Direct





134C
Airport - Construction





134D
Airport - Purchase of P,P&E





135A
Transpor. All Other - Salaries & Wages





135B
Transpor. All Other - Other Direct





135C
Transpor. All Other - Construction





135D
Transpor. All Other - Purchase of P,P&E





136AENVIRONSolid Waste - Salaries & Wages





136BMENTALSolid Waste - Other Direct
205,424205,669195,566200,892217,689
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 & Wages





138B
Cemeteries - Other Direct
16,00026,01628,7557,3507,261
138C
Cemeteries - Construction





138D
Cemeteries - Purchase of P,P&E





139A
Environ. All Other - Salaries & Wages





139B
Environ. All Other - Other Direct



193,60485,304
139C
Environ. All Other - Construction





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





140AECONOMICPlanning & Zoning - Salaries & Wages
37,68435,15539,00913,38411,354
140B& PHYSICALPlanning & Zoning - Other Direct
90,21644,07868,28070,08561,205
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
116,758111,883109,73692,03089,782
153BRECREATIONRecreation & Parks - Other Direct
138,484148,194147,514151,099147,956
153C
Recreation & Parks - Construction





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


43,293
11,969
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
12,09216,92811,00812,51110,238
156C
Libraries - Construction





156D
Libraries - Purchase of P,P&E





157A
Cult. & Recr. All Other - Salaries & Wages





157B
Cult. & Recr. All Other - Other Direct





157C
Cult. & Recr. All Other - Construction





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





158AUTILITYWater & Sewer - Salaries & Wages
296,818294,530464,675451,761669,178
158B
Water & Sewer - Other Direct
1,427,2181,709,4151,304,3791,179,3861,020,098
158C
Water & Sewer - Construction
411,342455,754


158D
Water & Sewer - Purchase of P,P&E


219,105
17,483
159A
Electric Power - Salaries & Wages
258,561256,576192,583222,993287,685
159B
Electric Power - Other Direct
4,630,8504,328,6074,695,8294,366,8304,243,436
159C
Electric Power - Construction





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




29,200
160A
Natural Gas - Salaries & Wages





160B
Natural Gas - Other Direct





160C
Natural Gas - Construction





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





161.1A
Storm Water - Salaries & Wages





161.1B
Storm Water - Other Direct





161.1C
Storm Water - Construction





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





161BDEBTWater & Sewer - Interest & Fees
47,68414,66813,60113,11911,452
161DSERVICEWater & Sewer - Principal
171,89763,7042,3874,2124,212
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 & Fees





166D
All Other - Principal





167BPENSIONDirect Benefit Program - Other Direct





168BFRINGEFringe Benefits Unallocated





169B
Separation Allowance - Law Enforcement





170B
Separation Allowance - Other Employees





171B
Supplemental Retirement - Law Enforcement
22,59921,46420,85220,47322,275
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 vehicles.1,508,183.001,427,981.001,363,343.001,343,731.001,203,807.00
180.0
Current year's levy -- Motor vehicles (only).74,300.0082,213.0080,074.0081,885.0080,703.00
181.0PART 6Uncollected Taxes - Current Year's Levy Except Mot Veh.28,183.0029,894.0018,604.0013,202.0014,021.00
182.0OTHERUncollected Taxes - CY Levy -Motor Vehicles
14,85018,61217,19416,34714,904
183.0DATAPercentage of Taxes Collected - All Property %0.0097.2896.7997.5297.9397.75
184.0DATAPercentage of Taxes Collected - Exclude Motor Vehicles%0.0098.1397.9198.6499.0298.84
185.0
Percentage of Taxes Collected - Motor Vehicles %0.0080.0177.3678.5380.0481.53
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 Other
7,664,9477,211,7786,564,7735,480,4154,226,271
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 Revenues
10,931,55810,392,96511,373,17110,420,8959,425,539
194BFISCALAmount - Subtract Refunding Bond Proceeds





194CSUMMARYAmount - Subtract Interfund Transfers In
254,569252,748504,47655,49315,000
194D
Amount - Net Revenues
10,676,98910,140,21710,868,69510,365,4029,410,539


Calculated amount
10,676,98910,140,21710,868,69510,365,4029,410,539


Amounts in AGREEMENT??YesYesYesYesYesYes


Difference





195A
Amount - Total Expenditures
10,323,9729,909,28010,432,4498,905,9169,027,731
195B
Amount - Subtract Pymts. to Refunded Debt Agent





195C
Amount - Subtract Interfund Transfers Out
254,569252,748504,47655,49315,000
195D
Amount - Net Expenditures
10,069,4039,656,5329,927,9738,850,4239,012,731


Calculated amount
10,069,4039,656,5329,927,9738,850,4239,012,731


Amounts in AGREEMENT??YesYesYesYesYesYes


Difference














401APart 10Number of residential accounts billed Water



3,570
401BWater /Number of residential accounts billed Sewer



3,200
402ASewer Amount processed and/or purchased in units Water
504,570,1005513,500467,000
402BOperationsAmount processed and/or purchased in units Sewer
129,502,000113200136,000
403A
Total amount billed in units - Water
452,220,1054162465,000
403B
Total amount billed in units - Sewer
421,823,7453921128,000
404A
Of the total in 403A above how many units were Residential W
76,794,48584279,000
404B
Of the total in 403B above how many units were Residential S
58,270,25562159,000
405A
Of the total in 403 above, how many units were Outside Muni W



19,000
405B
Of the total in 403 above, how many units were Outside Muni S



19,000
406A
Of the total in 405A above how many units were Residential W



18,000
406B
Of the total in 405B above how many units were Residential S



28,000
407A
Of the total in 403A, how many units were sold for redistribution





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





408A
Dollars related to 403A above
1,348,9411,308,480128,1961,354,945
408B
Dollars related to 403B above
718,741721,08053,403790,290
409A
Dollars related to 404A above
416,946419,18433,624386,478
409B
Dollars related to 404B above
392,517408,39627,903332,702
410A
Dollars related to 405A above



140,932
410B
Dollars related to 405B above



178,108
411A
Dollars related to 406A above



135,260
411B
Dollars related to 406B above



28,836
412A
Dollars related to 407A above





412B
Dollars related to 407B above





421A
Number of residential accounts billed - Water
1,6101,6161,604

421B
Number of residential accounts billed - Sewer
1,2841,2921,278

422A
Number of non-residential & bulk accounts billed - Water
202187207

422B
Number of non-residential & bulk accounts billed - Sewer
203216194

423A
Estimated percentage of accounts outside of municipal limits
































950.0
OfficialDIANNE LOWE

951.0
TitleFINANCE OFFICER

952.0
Date





953.0
ContactDIANNE LOWE

954.0
TitleFINANCE OFFICER

955.0
Phone828-428-5003




956.0
Fax828-428-5017




957.0
E-Mail:


















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Key Ratios and Operations Statistics of Water and Sewer Systems for



Town of Maiden













201120102009200820072006








Population
3,3273,4663,4333,4063,3673,347
Population Group
Electric 2,500 to 9,999 Electric 2,500 to 9,999 Electric 2,500 to 9,999 Electric 2,500 to 9,999 Electric 2,500 to 9,999 Electric 2,500 to 9,999
Total Operating Revenues
$2,385,6692,240,1702,227,7882,536,2722,235,6812,030,977
Total Operating Revenues Per Capita
$717646649745664607
Group Weighted Average Revenues Per Capita482434434459448428
State Weighted Average Revenues Per Capita404384353365367356








% to Total Operating Revenues






Operating Expenses
88.94%95.00%103.23%87.05%88.92%103.79%
Group Weighted Average
92.79%95.98%96.23%91.63%92.26%96.27%
State Weighted Average
82.59%85.08%89.86%86.70%82.47%81.57%








Operating Margin
11.06%5.00%-3.23%12.95%11.08%-3.79%
Group Weighted Average
7.21%4.02%3.77%8.37%7.74%3.73%
State Weighted Average
17.41%14.92%10.14%13.30%17.53%18.43%








Operating Transfers In
0.00%7.62%2.58%0.00%0.00%0.00%
Group Weighted Average
2.06%3.18%0.73%0.56%1.26%1.85%
State Weighted Average
0.85%1.71%1.26%1.45%1.20%1.83%








Operating Transfers Out
18.75%0.67%1.12%0.99%2.48%0.74%
Group Weighted Average
3.87%4.71%7.68%9.56%6.31%7.68%
State Weighted Average
1.89%1.79%2.55%3.08%1.94%2.63%








Net Income before capital contributions
-8.65%11.06%-1.20%14.24%10.62%-3.31%
Group Weighted Average
2.46%1.12%-7.09%0.66%3.60%-2.97%
State Weighted Average
8.52%7.13%-10.44%7.19%11.65%9.59%








Key Ratios and Cash Flow














Quick Ratio
10.0210.798.896.0718.0212.09
Group Weighted Average
3.292.783.012.562.642.16
State Weighted Average
3.483.202.812.962.902.82








Days Sales in Receivables
43.331.027.729.734.331.7
Group Weighted Average
52.148.845.948.250.155.5
State Weighted Average
54.458.958.655.260.057.8








Days Cash on Hand
583.9574.8452.7448.3356.6226.6
Group Weighted Average
271.1255.6220.5217.5213.5174.3
State Weighted Average
505.4465.8424.9457.2497.5457.2








Cash flow from Operations
$467,662536,537414,757725,282558,649322,545








Debt to Equity
0.120.130.140.150.060.07
Group Weighted Average
0.170.190.140.150.140.16
State Weighted Average
0.600.600.570.560.560.52








Debt per Capita
371407413419141161
Group Weighted Average
445478340360337367
State Weighted Average
1,2821,2531,1291,1391,101988








Capital Expenditures:
201120102009200820072006


$0411,342455,754219,105017,483










2005200420032002



$0253,114139,696412,449









Capital Contributions: Excluded from income above
$32,794245,164348,1451,732,95700
















Operating Statistics














Estimated population of the areas served Water00003,570NA
Estimated population of the areas served Sewer00003,200NA








Number of Gallons of Water Processed (000) omitted0504,570,1005513,500467,000NA
Number of Gallons of Sewage Processed (000) omitted0129,502,000113200136,000NA








Number of Gallons of Water Billed (000) omitted0452,220,1054162465,000NA
Number of Gallons of Sewage Billed (000) omitted0421,823,7453921128,000NA








Ratio of Water Billed to Water Processed
0.896250.753570.000570.99572NA
Ratio of Sewage Billed to Sewage Processed
3.257283.462030.005000.94118NA








Total Revenue from Water Sales00000NA
Total Revenue from Sewage Sales0718,741721,08053,403790,290NA








Water Revenue per 1000 gallons of Sales




0.00000NA
Sewage Revenue per 1000 gallons of Sales




246.96563NA








Group Average Sales per thousand Gallons Water$0.00943$63.97030$5.52170$24,036.64247$36.77508NA
Group Average Sales per thousand Gallons Sewage$0.00789$67.01963$5.56525$23,235.35221$57.41311NA








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$0.000000.005435,013.5629716,812.000004.89213NA
Residential Sewage Sales per thousand Gallons$0.000000.006746,561.6323927,903.000005.63902NA








Water Sales per thousand Gallons outside Municipal Limits$0.00000


7.41747NA
Sewage Sales per thousand Gallons outside Municipal Limits$0.00000


9.37411NA








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




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Key Ratios of Electric Systems for The




Town of Maiden













201120102009200820072006








Population
3,3273,4663,4333,4063,3673,347
Power Agency Group
N.C. Municipal Power Agency Number 1
Total Operating Revenues
$5,676,5084,969,1364,443,3265,104,9784,868,4534,587,233
Group Weighted Average
24,946,15623,064,70722,030,75722,254,71621,085,16320,184,548








% to Total Operating Revenues






Power Purchases
84.7%96.4%102.3%86.7%85.8%87.2%
Group Weighted Average
79.2%79.8%80.1%78.3%79.0%81.9%








Other Operating Expenses
9.9%3.7%4.0%12.7%12.0%15.8%
Group Weighted Average
15.7%16.2%18.2%17.1%17.6%17.5%








Operating Margin
5.4%0.0%-6.3%0.6%2.2%-3.0%
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
6.3%0.4%0.5%0.0%0.0%0.0%
Group Weighted Average Out
2.2%2.3%3.0%2.7%2.4%2.4%








Net Income
-0.8%-0.4%-6.6%0.9%2.5%-2.8%
Group Weighted Average
3.4%1.8%-1.2%3.5%4.9%-0.2%








Key Ratios and Cash Flow














Quick Ratio
10.49.89.512.710.97.7
Group Weighted Average
4.23.73.93.84.14.0








Coverage Ratio
1.031.030.971.051.071.01
Group Weighted Average
1.061.051.021.081.071.02








Days Sales in Receivables
31.332.130.530.030.427.4
Group Weighted Average
37.839.636.436.836.333.2








Days Cash on Hand
47.144.748.350.535.817.2
Group Weighted Average
122.0112.3109.5118.3114.5127.6








Cash flow from Operations
$436,851104,548-24,741211,537220,797-71,054








Capital Expenditures:
$0411,342455,754219,105017,483


















201120102009200820072006
Capital Contributions: Excluded from Income Above
$000000








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


0.00%0.00%0.00%0.00%0.00%0.00%










200520042003200220012000


0.31%0.34%0.41%0.75%0.93%1.29%








Gross Electric Fund Assets as Cost
$5,186,4785,186,4785,083,9235,044,5645,044,5645,044,564
Estimated Tax Loss from Municipal Ownership of Utility
$20,746$20,74620,33620,17820,17819,169
Tax Rate Equivalent
0.00500.00530.00550.00570.00570.0060








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








Operating Transfers to the General Fund as a Tax Rate Equivalent
0.00000.00000.00000.00000.00000.0000








Tax Rate Adjusted for Assessed to Sales Ratio
0.40000.39140.39180.39090.37830.3666








Tax Rate Adjusted Excluding Transfers
0.40000.39140.39180.39090.37830.3666








Weighted Average Group Rate Adjusted
0.38410.35840.34250.33230.36330.3719








Weighted Average Non Electric Adjusted Rate
0.28380.26240.24860.24270.26020.2921




Financial Graphs and Comparisons


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Analysis of Available Fund Balance:  General Fund

20072008200920102011
Unit's FBA %59.15%58.46%85.47%81.84%101.44%
Group average FBA %37.68%39.94%41.32%47.34%48.56%
State average Electric/Non Electric Group FBA %33.92%35.32%34.32%33.60%34.72%
State average FBA %36.54%36.34%37.68%37.47%39.53%






Municipal Population Group: Electric 2,500 to 9,999

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Analysis of Property Tax

20062007200820092010
Municipality97.75%97.93%97.52%96.79%97.28%
Pop. Group95.42%96.00%95.99%95.82%96.18%
Statewide97.55%97.58%97.56%97.34%97.35%






Municipal Population Group: 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

20062007200820092010
Property Tax$385422423435459
Utility1,9772,1102,2431,9432,080
Sales Tax202236223180155
Sales & Services4876808187
Intergovernmental144155146204223
Debt Proceeds0001647
Other Miscellaneous5680769529
Total$2,8123,0793,1912,9543,080

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Analysis of Revenue for Fiscal 2011











2010
2010
CategoryRevenue
Per Capita
Property Tax$1,592,483
$459
Water/Sewer2,240,170
646
Electric4,969,136
1,434
Other Utilities0
0
Sales Tax536,296
155
Sales & Services300,176
87
Intergovernment774,472
223
Debt Proceeds164,467
47
Miscellaneous99,789
29
Total$10,676,989
$3,080





Municipal Population Group: Electric 2,500 to 9,999





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Analysis of Expenditures by Function for Fiscal 2011











2010
2010
CategoryExpenditures
Per Capita
General Government$712,547
$205
Water/Sewer2,135,378
616
Electric4,889,411
1,411
Other Utilities0
0
Debt Service219,581
63
Transportation367,297
106
Public Safety1,128,531
326
Other616,658
178
Total$10,069,403
$2,905





Municipal Population Group: Electric 2,500 to 9,999





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Analysis of Expenditures by Object for Fiscal 2011






2010
2010
CategoryExpenditures
Per Capita
Salaries & Wages$1,491,132
$430
Water/Sewer Capital411,342
119
Electric Capital0
0
Other Capital0
0
Other Operating8,166,929
2,356
Total$10,069,403
$2,905





Municipal Population Group: Electric 2,500 to 9,999






Last Updated 6/15/2012 11:24:21 AM