North Carolina
Department of State Treasurer
Financial Information
City of Mount Holly



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

The Audit report was received 12/15/2011 but has not yet been reviewed.


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$5,542,755 $5,480,989 $5,201,442 $0 $4,070,645 $3,134,940


Utility 6,028,659 5,728,632 4,962,560 - 5,122,536 4,398,708


Sales Tax 1,407,272 1,300,140 1,619,975 - 1,311,942 1,515,821


Sales & Services 658,707 672,352 604,131 - 540,484 508,844


Intergovernmental 2,381,004 2,341,066 2,177,655 - 4,202,967 2,582,020


Debt Proceeds - 1,400,000 3,129,738 - 6,035,000 4,216,862


Other Miscellaneous 702,680 553,001 457,736 - 725,020 808,760


Total$16,721,077 17,476,180 18,153,237 - 22,008,594 17,165,955










Expenditures by Function







Utility$4,099,482 3,958,785 5,616,300 - 3,898,024 4,233,269


Debt Service 1,864,700 1,581,953 1,612,873 - 1,482,376 1,020,209


Transportation 1,852,878 2,008,181 1,333,646 - 1,551,545 630,088


General Government 1,195,527 1,352,439 1,731,078 - 2,452,157 1,015,854


Public Safety 3,902,920 3,877,583 3,777,286 - 3,461,159 3,907,525


Other 1,312,440 1,142,428 1,579,196 - 4,641,970 5,416,146


Total$14,227,947 13,921,369 15,650,379 - 17,487,231 16,223,091










Expenditures by Object







Salaries & Wages$5,177,374 6,450,641 6,252,363 - 6,067,618 4,449,085


Capital Outlay 1,149,193 1,087,328 3,431,187 - 6,108,229 5,267,767


Other Operating + Debt Service 7,901,380 6,383,400 5,966,829 - 5,311,384 6,506,239


Total$14,227,947 13,921,369 15,650,379 - 17,487,231 16,223,091



















Per Capita Revenues by Source







Property Tax$405 465 457 - 406 319


Utility 441 486 436 - 511 447


Sales Tax 104 110 142 - 132 153


Sales & Services 48 57 53 - 54 52


Intergovernmental 174 199 191 - 419 263


Debt Proceeds - 119 275 - 602 429


Other Miscellaneous 51 47 40 - 72 82


Total$1,223 1,483 1,594 - 2,196 1,745










Per Capita Expenditures by Function







Utility$300 336 493 - 389 430


Debt Service 136 134 142 - 148 104


Transportation 135 170 117 - 155 64


General Government 88 115 151 - 245 104


Public Safety 285 329 332 - 345 397


Other 96 97 139 - 463 551


Total$1,040 1,181 1,374 - 1,745 1,650










Per Capita Expenditures by Object







Salaries & Wages$379 547 549 - 606 452


Capital Outlay 84 92 301 - 610 536


Other Operating 577 542 524 - 529 662


Total$1,040 1,181 1,374 - 1,745 1,650










Population GroupNo Electric 10,000 to 49,999 No Electric 10,000 to 49,999 No Electric 10,000 to 49,999 No Electric 10,000 to 49,999 No Electric 10,000 to 49,999 No Electric 2,500 to 9,999


Number of Municipalites in Group 43 42 41 38 34 123


Average Population In Group 19,559 19,501 19,477 20,391 20,926 4,663


City of Mount Holly Population 13,677 11,787 11,387 10,213 10,020 9,835

Group Average Per Capita Revenues by Source







Property Tax 423 427408403387306


Utility 311 297280312308326


Sales Tax 122 122134158158154


Sales & Services 67 6765726474


Intergovernmental 171 153150154143160


Debt Proceeds 157 9718024815695


Other Miscellaneous 120 8499126151126


Total 1,371 1,2471,3161,4731,3671,241










Group Average Per Capita Expenditures by Function







Utility 281 257292270291305


Debt Service 158 14114013712698


Transportation 114 118145128125112


General Government 138 150144229139156


Public Safety 331 336325327320280


Other 266 235235253261209


Total 1,288 1,2371,2811,3441,2621,160










Group Average Per Capita Expenditures by Object







Salaries & Wages 453 459448455445390


Capital Outlay 209 186261292247205


Other Operating 624 591571596569564


Total 1,286 1,2361,2801,3431,2611,159


















General Fund
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201120102009200820072006

General Fund revenues
9,423,040 9,240,435 8,781,263 7,889,744 6,832,985

General Fund expenditures
8,603,089 8,505,686 7,772,331 7,576,008 6,940,934

Operating transfers in
- - 484,400 105,000 200,000

Operating transfers out
50,000 2,414,561 300,000 387,280 918,000

Capital leases and installment purchase proceeds
- 129,738 - - -

Other items
- - - - 84,862

Excess of revenues and other sources over (under) expenditures and other uses
769,951 (1,550,074) 1,193,332 31,456 (741,087)










Fund balance available (FBA):







In dollars
3,093,325 2,192,717 3,122,067 2,831,057 2,787,263


FBA as a % of GF Net Expenditures:







Unit's FBA %
35.7520.3238.6835.5535.47


Group weighted average FBA %49.7744.2741.0843.4040.4362.32


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, Housing













Combined financial results:







Working capital
4,565,642 2,283,108 2,012,570 771,516 794,002


Quick ratio
4.65 2.74 2.38 1.74 1.71


Net income
2,152,905 557,663 1,394,016 682,877 1,744,087


Cashflow from operations
2,309,681 1,780,405 2,631,923 2,198,264 1,307,487


Depreciation & Amortization Expense
1,092,087 1,028,827 974,083 929,644 897,131


























Cash, Investments and Financing
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201120102009200820072006











Population at July 1st of the Previous Year13,67711,78711,38710,21310,0209,835


Population GroupNo Electric 10,000 to 49,999 No Electric 10,000 to 49,999 No Electric 10,000 to 49,999 No Electric 10,000 to 49,999 No Electric 10,000 to 49,999 No Electric 2,500 to 9,999


Cash &Investments$13,525,044 $11,028,231 $10,035,820 $0 $12,172,503 $5,882,257


Investment Earnings26,954 29,050 111,944 0 293,747 170,928


Tax Rate Equivalent0.00220.00240.01090.00000.03550.0222


Tax Rate Equivalent Group weighted average0.00650.00940.02620.03930.05230.0322


Tax Rate Equivalent Statewide weighted average0.03170.02470.01330.05240.09200.0573


Latest year of Revaluation 200720072007200720032003


January 1, Prior Year Assessed Valuation$1,218,994,786 1,198,084,733 1,026,245,887 1,026,245,887 826,728,414 771,050,474


Tax Rate0.53000.53000.53000.54000.54000.4500


Tax Rate Group weighted average0.41990.42560.43350.45640.47540.3191


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 average101.5498.4792.4489.9990.6391.52


Assessment -to-Sales Ratio Statewide101.4798.2790.8188.5388.4192.28


Assessed Valuation Adjusted for Assesment to Sales Ratio$1,180,967,628 1,218,184,782 1,100,295,794 1,059,405,272 890,391,399 792,527,982


EffectiveTax Rate0.54710.52130.49430.52310.50140.4378


Group weighted average Effective Tax Rate0.42630.41910.40070.41070.43090.2921


Statewide weighted average Effective Tax Rate0.41830.40200.38700.37520.39340.3987


Percent Collected96.210096.400095.59000.000096.160095.8300


Percent Collected Group weighted average96.9596.9596.9997.3997.2396.72


Percent Collected Statewide97.4297.3597.3497.5697.5897.55


Percent Collected Excluding Motor Vehicles97.1797.3096.480.0097.4997.08


Percent Collected Excluding Motor Vehicles Group weighted average97.8097.6697.8398.3498.3098.08


Percent Collected Excluding Motor Vehicles Statewide weighted average98.2598.2398.3098.6598.5998.61


Percent Collected Motor Vehicles Only 85.5785.8086.110.0082.5184.29


Percent Collected Motor Vehicles Only Group weighted average86.5087.4486.5187.0986.1586.22


Percent Collected Motor Vehicles Only Statewide weighted average 86.4186.3886.5586.7486.7186.80


Tax Uncollected604,806 560,555 616,481 0 458,188 394,013


Tax Rate Equivalent0.04960.04680.06010.00000.05540.0511


Dominant County: Gaston






Debt Information








Population Group10,000 to 24,99910,000 to 24,99910,000 to 24,99910,000 to 24,99910,000 to 24,9995,000 to 9,999


Ratings:







Fitch







Moody'saa3aa3A2A2A2A2


S & PAA-AA-AA-AAA











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




Enterprise GO Debt$150,000 550,000 955,000 1,360,000 1,745,000 2,115,000


General Government GO Debt4,550,000 4,700,000 3,400,000 3,500,000 3,600,000 3,600,000


Total General Obligation Debt4,700,000 5,250,000 4,355,000 4,860,000 5,345,000 5,715,000


Per Capita$344 445 382 476 533 581


Total Per Capita for the Population Group111 132 130 153 166 117


Total Per Capita Statewide450 449 455 456 478 495


Total per Assessed Valuation Adjusted for Current Year Sales0.3980%0.4310%0.3958%0.4587%0.6003%0.7211%


Total per Assessed Valuation Adjusted for Current Year Sales- Group Average0.1155%0.1377%0.1320%0.1585%0.1868%0.1199%


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

1,400,000 1,400,000 1,400,000 1,400,000











Installment Sales Purchases and Lease Obligations







--Enterprise$2,662,500 2,812,500 2,962,500 0 0 0


--General Government5,867,607 6,260,000 6,410,000 6,560,000 6,710,000 825,000


Total*$8,530,107 9,072,500 9,372,500 6,560,000 6,710,000 825,000


* 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 Changes13,67711,78711,38710,21310,0209,835









1.5AFISCAL Governmental Activities Assets31,345,22930,162,43627,837,276
25,538,66915,063,631
1.5BSUMMARYGovernmental Activities Liabilities11,467,29612,163,91911,043,171
12,385,0995,584,092
3.5A
Business Type Activities Assets33,383,57231,718,49630,386,418
26,344,44026,374,696
3.5B
Business Type Activities Liabilties4,254,3114,979,4095,800,236
3,709,9354,405,381
6.5A
Fiduciary Funds Assets





6.5B
Fiduciary Funds Liabilties





10.0PART 2Current Collections of Unit -Wide Levy5,410,4055,227,1125,023,282
3,936,7033,027,940
11.0TAXCurrent Collections of Special Tax Districts





12.0REVENUESPrior Years' Levy Collections94,910210,292142,090
110,98388,581
13.0
Penalties and Interest37,44043,58536,070
22,95918,419
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 Tax676,666588,279650,879
479,259757,911
17.0
1/2% Local Government Option Sales Tax (40)407,037364,635389,832
299,718378,955
18.0
1/2% Local Government Option Sales Tax (42)326,260312,651386,348
297,547378,955
18.5
1/2% Local Government Option Sales Tax (44)-2,69134,575192,916
235,418
19.0
Privilege Licenses19,84916,49014,548
14,86915,389
19.2
Privilege -- All other privileges and pemits





20.0
Auto Licenses9,8609,6469,775
8,4438,205
21.0
Vehicle Tax for Public Transportation





22.0
Other Licenses112,061113,699123,105
46,53490,021
23.0
Local Occupancy Tax
9,524



24.0
Prepared Food Tax





25.0
911 Charges



49,72639,227
26.0
Gross Short Term lease and Rental Tax





27.0FEDERALPayments In Lieu of Taxes - Federal





28.0INTERGOVEquitable Sharing of Fed. Forfeited Prop.





29.0REVENUESGeneral Government




62,098
30.0
Public Safety
68,884

29,165
31.0
Transportation - Streets





32.0
Transportation - All Other





33.0
Environmental Protection





34.0
Econ. & Phys. Dev. - Housing/Comm. Dev.471,613419,720375,262
285,504328,311
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 Harmless512,452446,729278,767
183,342
42.0
Wireless Enhanced 911 Service Charges

170,952
104,24279,204
42.1
Emergency Telephone Services Fund (ETSF) Revenues (Do not include interest)153,968141,137



42.2
ETSF Interest Income542825



43.0
Piped Natural Gas Charge Distribution89,238109,534136,321
119,616
44.0
Utility Franchise Tax523,227502,553521,719
515,999572,445
45.0
Beer and Wine Tax51,95016,24445,866
44,44242,999
46.0
Powell Bill322,058


315,543319,049
50.0
Court Fees - Facilities and Arrest Fees

322,947


51.0
General Government





52.0
Public Safety





53.0
Transportation - Streets
308,175



54.0
Transportation - All Other





55.0
Environmental Protection



2,241,108
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
89,300118,782


61.0LOCALPayments in Lieu of Taxes - Local211,681237,965207,039
314,445270,574
62.0INTERGOVGeneral Government





63.0REVENUESPublic Safety





64.0
Transportation - Streets





65.0
Transportation - All Other





66.0
Environmental Protection8,187


49,561907,340
67.0
Economic and Physical Development36,088




68.0
Human Services - Health, Mental Hlt & Hosp





69.0
Human Services - All Other





70.0
Culture and Recreation





71.0PERMITS Building Permits29,19621,090



72.0& FEESInspection Fees





72.1
Amusements licensing and permit taxes





73.0
Other Permits1,291
14,772
44,63059,800
74.0SALES &Parking Revenues





75.0SERVICESRents and Royalties70,487105,627126,525
127,689103,886
76.0
Airport





77.0
Fire Protection Charges





78.0
Solid Waste529,560515,927424,865
353,081327,283
79.0
Ambulance and Rescue Squad Charges




20,997
80.0
Cemeteries





81.0
Recreation Service Revenues58,66050,79852,741
55,65352,342
82.0
Library Service Revenues





83.0
Other Cultural and Rec Service Revenues



4,0614,336
84.0
Mass Transit - City Operated





85.0
Other Sales and Services





86.0UTILITYWater and Sewer Charges5,796,7345,506,3644,740,154
4,959,1434,245,376
87.0REVENUESElectric Charges





88.0
Gas Charges





88.1
Storm Water Fees231,925222,268222,406
163,393153,332
89.0MISC.Investment Earnings - Bond Proceeds
7,396


72,568
90.0REVENUESInvestment Earnings - All Other Funds26,95429,050111,944
293,747170,928
91.0
Special Assessments





92.0
Private Contributions and Donations4,27512,00328,631

11,653
93.0
Sales of Materials and Fixed Assets282,495
26,402


94.0
Sale of Real Property15,900




95.0
Nongovt Contr For Streets & Traffic Signals





96.0
ABC Mixed Drink Surcharge





97.0
ABC Profit Distribution





98.0
Other Miscellaneous Revenues200,799334,103128,559
267,071340,969
99.0
Proceeds of Sale of Bonds and Notes
1,400,000


3,600,000
100.0
Proceeds of Capital Leases/Install Purchases

3,129,738
6,035,000616,862
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-3,05616,4851,021

22,000
106.0
Deposits Other than Utility-8,9312,054-567


107.0
Prepaid Taxes112-573,955


108.0
Prepaid Privilege Licenses





109APART 4Governing Body - Salaries & Wages43,20046,55144,567
42,000
109BGENERALGoverning Body - Other Direct107,946130,911166,598
90,223158,196
109CGOVTGoverning Body - Construction





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





110A
Administration - Salaries & Wages381,767491,579523,333
409,342242,036
110B
Administration - Other Direct604,603610,240774,692
469,520615,622
110C
Administration - Construction





110D
Administration - Purchase of P,P&E

129,738


111A
Elections - Salaries & Wages





111B
Elections - Other Direct





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 Direct





114C
Legal - Construction





114D
Legal - Purchase of P,P&E





115A
Public Buildings - Salaries & Wages





115B
Public Buildings - Other Direct





115C
Public Buildings - Construction

14,878
1,441,072
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 & Wages14,56546,78049,668


117B
Central Services - Other Direct43,44626,37827,604


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 Wages1,608,3191,947,8341,857,676
1,951,9711,489,984
119BSAFETYPolice & Comm - Traffic Control - Other Direct870,505457,408516,633
265,4041,001,665
119C
Police & Comm - Traffic Control - Construction





119D
Police & Comm - Traffic Control - Purchase of P,P&E85,82857,941176,700
82,644
120A
Emergency Communications - Salaries & Wages





120B
Emergency Communications - Other Direct

44,058
55,81860,621
120C
Emergency Communications - Construction





120D
Emergency Communications - Purchase of P,P&E





120B
Emergency Telephone Service Fund (ETSF) Expenditures - Operating69,136105,623



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 & Wages726,877878,141865,470
835,956602,356
122B
Fire - Other Direct423,408276,768236,880
184,786670,574
122C
Fire - Construction





122D
Fire - Purchase of P,P&E34,64474,2747,110
48,996
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 & Wages523,921704,717743,641
256,729179,371
128B
Streets and Highways - Other Direct929,450805,079385,597
205,878239,820
128C
Streets and Highways - Construction

158,082
508,926
128D
Streets and Highways - Purchase of P,P&E224,474102,160



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

2,634
37,44247,605
130B
Powell Bill - Other Direct175,033396,22543,692
269,321102,002
130C
Powell Bill - Construction



198,840
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



46,64627,511
135B
Transpor. All Other - Other Direct



27,76333,779
135C
Transpor. All Other - Construction





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





136AENVIRONSolid Waste - Salaries & Wages



476,782333,119
136BMENTALSolid Waste - Other Direct

160,149
382,344445,380
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





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 & Wages177,008298,485239,305
193,310194,446
140B& PHYSICALPlanning & Zoning - Other Direct98,68159,87999,876
152,673129,270
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




3,454,682
142D
Community Development - Purchase of P,P&E





143A
Housing & Urban Renewal - Salaries & Wages77,63990,07292,372
106,710144,920
143B
Housing & Urban Renewal - Other Direct236,377252,678268,418
177,559204,368
143C
Housing & Urban Renewal - Construction43,08150,720

43,910133,213
143D
Housing & Urban Renewal - Purchase of P,P&E8,300




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 & Wages211,907212,556243,873
226,882161,360
153BRECREATIONRecreation & Parks - Other Direct200,256167,093169,372
116,799184,513
153C
Recreation & Parks - Construction76,153
284,116

30,875
153D
Recreation & Parks - Purchase of P,P&E
10,94521,715
2,765,001
154A
Coliseum - Salaries & Wages





154B
Coliseum - Other Direct





154C
Coliseum - Construction





154D
Coliseum - Purchase of P,P&E





155A
Museums - Salaries & Wages





155B
Museums - Other Direct





155C
Museums - Construction





155D
Museums - Purchase of P,P&E





156A
Libraries - Salaries & Wages





156B
Libraries - Other Direct





156C
Libraries - Construction





156D
Libraries - Purchase of P,P&E





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





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





157C
Cult. & Recr. All Other - Construction





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





158AUTILITYWater & Sewer - Salaries & Wages1,332,9861,628,3031,557,319
1,483,8481,026,377
158B
Water & Sewer - Other Direct 1,975,9631,421,9331,278,321
1,395,3361,557,895
158C
Water & Sewer - Construction384,953662,2332,346,399
668,3811,410,954
158D
Water & Sewer - Purchase of P,P&E291,760129,055292,449
350,459238,043
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 & Wages10,049
32,505


161.1B
Storm Water - Other Direct103,771117,261109,307


161.1C
Storm Water - Construction





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





161BDEBTWater & Sewer - Interest & Fees155,565185,735114,914
145,684171,933
161DSERVICEWater & Sewer - Principal634,988637,394571,786
740,657820,414
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 & Fees460,535376,010493,110
197,4398,238
166D
All Other - Principal613,612382,814433,063
398,59619,624
167BPENSIONDirect Benefit Program - Other Direct





168BFRINGEFringe Benefits Unallocated





169B
Separation Allowance - Law Enforcement13,73913,73913,739
13,73918,920
170B
Separation Allowance - Other Employees





171B
Supplemental Retirement - Law Enforcement70,46465,85559,020
21,84563,405
172B
Fringe Benefits Other183,038




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 vehicles5,118,434.4,996,406.004,807,722.000.003,729,245.002,857,138.00
180.0
Current year's levy -- Motor vehicles (only)459,710.425,864.00447,063.000.00364,717.00310,692.00
181.0PART 6Uncollected Taxes - Current Year's Levy Except Mot Veh145,096.134,691.00169,418.000.0093,471.0083,321.00
182.0OTHERUncollected Taxes - CY Levy -Motor Vehicles66,33660,46762,085
63,78848,815
183.0DATAPercentage of Taxes Collected - All Property %96.2196.4095.590.0096.1695.83
184.0DATAPercentage of Taxes Collected - Exclude Motor Vehicles%97.1797.3096.480.0097.4997.08
185.0
Percentage of Taxes Collected - Motor Vehicles %85.5785.8086.110.0082.5184.29
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 Bond1,420,4951,400,000


900,000
189CINVESTCash On Hand & in Bank - All Other13,525,04411,028,23110,035,820
12,172,5035,882,257
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 Revenues16,731,08017,856,18020,908,973
23,158,51018,555,955
194BFISCALAmount - Subtract Refunding Bond Proceeds





194CSUMMARYAmount - Subtract Interfund Transfers In10,003380,0002,755,736
1,149,9161,390,000
194D
Amount - Net Revenues16,721,07717,476,18018,153,237
22,008,59417,165,955


Calculated amount16,721,07717,476,18018,153,237
22,008,59417,165,955


Amounts in AGREEMENT??YesYesYesYesYesYes


Difference





195A
Amount - Total Expenditures14,237,95014,301,36918,406,115
18,637,14717,613,091
195B
Amount - Subtract Pymts. to Refunded Debt Agent





195C
Amount - Subtract Interfund Transfers Out10,003380,0002,755,736
1,149,9161,390,000
195D
Amount - Net Expenditures14,227,94713,921,36915,650,379
17,487,23116,223,091


Calculated amount14,227,94713,921,36915,650,379
17,487,23116,223,091


Amounts in AGREEMENT??YesYesYesYesYesYes


Difference














401APart 10Number of residential accounts billed Water



10,000
401BWater /Number of residential accounts billed Sewer



10,000
402ASewer Amount processed and/or purchased in units Water870739868
778,680
402BOperationsAmount processed and/or purchased in units Sewer689737690
920,280
403A
Total amount billed in units - Water809738,518,631767,143,051
728,340
403B
Total amount billed in units - Sewer573468,858,547449,588,133
461,060
404A
Of the total in 403A above how many units were Residential W359340,088,000316,371,000
326,650
404B
Of the total in 403B above how many units were Residential S280301,678,000281,512,000
284,870
405A
Of the total in 403 above, how many units were Outside Muni W



21,840
405B
Of the total in 403 above, how many units were Outside Muni S



1,300
406A
Of the total in 405A above how many units were Residential W



21,840
406B
Of the total in 405B above how many units were Residential S



1,300
407A
Of the total in 403A, how many units were sold for redistribution



191,390
407B
Of the total in 403B how many unit were delivered in bulk





408A
Dollars related to 403A above2,044,7841,977,1261,829,323
2,108,715
408B
Dollars related to 403B above2,048,9011,754,4241,583,718
1,357,155
409A
Dollars related to 404A above1,399,8241,313,9801,141,993
1,023,205
409B
Dollars related to 404B above1,014,2661,010,229881,698
763,510
410A
Dollars related to 405A above



130,567
410B
Dollars related to 405B above



6,623
411A
Dollars related to 406A above



130,567
411B
Dollars related to 406B above



6,623
412A
Dollars related to 407A above



499,760
412B
Dollars related to 407B above





421A
Number of residential accounts billed - Water5,3145,2245,102


421B
Number of residential accounts billed - Sewer4,6764,6034,515


422A
Number of non-residential & bulk accounts billed - Water364334360


422B
Number of non-residential & bulk accounts billed - Sewer282266281


423A
Estimated percentage of accounts outside of municipal limits
































950.0
OfficialAfrica E. Otis

951.0
TitleFinance Officer

952.0
Date01/06/201203/24/201103/10/2010
02/08/200801/16/2007
953.0
ContactAfrica E. Otis

954.0
TitleFinance Officer

955.0
Phone704-951-3002




956.0
Fax704-827-5672




957.0
E-Mail:


















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Key Ratios and Operations Statistics of Water and Sewer Systems for



City of Mount Holly













201120102009200820072006








Population
13,67711,78711,38710,21310,0209,835
Population Group
No Electric 10,000 to 49,999 No Electric 10,000 to 49,999 No Electric 10,000 to 49,999 No Electric 10,000 to 49,999 No Electric 10,000 to 49,999 No Electric 2,500 to 9,999
Total Operating Revenues

5,947,0165,049,2375,730,9635,267,6494,240,218
Total Operating Revenues Per Capita

505443561526431
Group Weighted Average Revenues Per Capita466453400439434412
State Weighted Average Revenues Per Capita404384353365367356








% to Total Operating Revenues






Operating Expenses

71.69%79.67%76.82%72.59%81.93%
Group Weighted Average
82.23%82.97%86.15%83.28%80.53%87.26%
State Weighted Average
82.59%85.08%89.86%86.70%82.47%81.57%








Operating Margin

28.31%20.33%23.18%27.41%18.07%
Group Weighted Average
17.77%17.03%13.85%16.72%19.47%12.74%
State Weighted Average
17.41%14.92%10.14%13.30%17.53%18.43%








Operating Transfers In

0.00%0.00%1.74%0.00%6.41%
Group Weighted Average
0.96%3.79%1.33%2.11%1.39%2.59%
State Weighted Average
0.85%1.71%1.26%1.45%1.20%1.83%








Operating Transfers Out

0.00%6.76%7.49%13.40%8.42%
Group Weighted Average
2.58%3.57%3.69%4.67%3.12%2.33%
State Weighted Average
1.89%1.79%2.55%3.08%1.94%2.63%








Net Income before capital contributions

26.48%12.21%15.95%12.96%41.13%
Group Weighted Average
9.58%12.65%7.77%13.17%14.01%6.45%
State Weighted Average
8.52%7.13%-10.44%7.19%11.65%9.59%








Key Ratios and Cash Flow














Quick Ratio

4.702.742.381.741.71
Group Weighted Average
3.563.073.133.213.223.67
State Weighted Average
3.483.202.812.962.902.82








Days Sales in Receivables
N/A87.843.656.258.841.6
Group Weighted Average
59.259.356.153.954.853.8
State Weighted Average
54.458.958.655.260.057.8








Days Cash on Hand

450.3267.5223.0129.1190.4
Group Weighted Average
493.0466.8434.9453.0486.1413.2
State Weighted Average
505.4465.8424.9457.2497.5457.2








Cash flow from Operations

2,309,6811,780,4052,631,9232,198,2641,307,487








Debt to Equity

0.140.170.080.110.16
Group Weighted Average
0.490.440.380.440.510.25
State Weighted Average
0.600.600.570.560.560.52








Debt per Capita

304351176243326
Group Weighted Average
1,0749707068971,001484
State Weighted Average
1,2821,2531,1291,1391,101988








Capital Expenditures:
201120102009200820072006


$676,713791,2882,638,84801,018,8401,648,997










2005200420032002



$1,982,891704,608634,486376,075









Capital Contributions: Excluded from income above
$0635,0000351,70600
















Operating Statistics














Estimated population of the areas served Water000010,000NA
Estimated population of the areas served Sewer000010,000NA








Number of Gallons of Water Processed (000) omitted8707398680778,680NA
Number of Gallons of Sewage Processed (000) omitted6897376900920,280NA








Number of Gallons of Water Billed (000) omitted809738,518,631767,143,0510728,340NA
Number of Gallons of Sewage Billed (000) omitted573468,858,547449,588,1330461,060NA








Ratio of Water Billed to Water Processed0.92976999808.61425884029.42105
0.93535NA
Ratio of Sewage Billed to Sewage Processed0.83114635783.50668651964.40349
0.50100NA








Total Revenue from Water Sales2,044,7841,977,1261,829,32302,108,715NA
Total Revenue from Sewage Sales2,048,9011,754,4241,583,71801,357,155NA








Water Revenue per 1000 gallons of Sales




210.87150NA
Sewage Revenue per 1000 gallons of Sales




135.71550NA








Group Average Sales per thousand Gallons Water$0.00985$37.70357$43.89276$8,202.96943$14,778.61260NA
Group Average Sales per thousand Gallons Sewage$0.00914$56.52978$61.44726$6,820.24527$15,323.42368NA








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$3,896.626210.003860.00361
3.13242NA
Residential Sewage Sales per thousand Gallons$3,617.985300.003350.00313
2.68021NA








Water Sales per thousand Gallons outside Municipal Limits



5.97834NA
Sewage Sales per thousand Gallons outside Municipal Limits



5.09462NA








Total Water Sales per thousand gallons for Redistribution$0.000000.000000.000000.00000499,760.00000NA
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

20062007200820092010
Unit's FBA %35.47%35.55%38.68%20.32%35.75%
Group average FBA %62.32%40.43%43.40%41.08%44.27%
State average Electric/Non Electric Group FBA %37.38%37.39%36.66%37.89%38.70%
State average FBA %36.96%36.54%62.32%37.03%37.47%






Municipal Population Group: No Electric 10,000 to 49,999

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Analysis of Property Tax

20072008200920102011
Municipality96.16%0.00%95.59%96.40%96.21%
Pop. Group97.23%97.39%96.99%96.95%96.95%
Statewide97.58%97.56%97.34%97.35%97.42%






Municipal Population Group: No Electric 10,000 to 49,999






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Analysis of General Obligation Debt

20072008200920102011
Municipality533476382445344
Pop. Group166153130132111
Statewide478456455449450






Municipal Population Group: 10,000 to 24,999






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Analysis of Revenue

20072008200920102011
Property Tax$4060457465405
Utility5110436486441
Sales Tax1320142110104
Sales & Services540535748
Intergovernmental4190191199174
Debt Proceeds60202751190
Other Miscellaneous720404751
Total$2,19601,5941,4831,223

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Analysis of Revenue for Fiscal 2011











2011
2011
CategoryRevenue
Per Capita
Property Tax$5,542,755
$405
Water/Sewer5,796,734
424
Electric0
0
Other Utilities231,925
17
Sales Tax1,407,272
104
Sales & Services658,707
48
Intergovernment2,381,004
174
Debt Proceeds0
0
Miscellaneous702,680
51
Total$16,721,077
$1,223





Municipal Population Group: No Electric 10,000 to 49,999





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Analysis of Expenditures by Function for Fiscal 2011











2011
2011
CategoryExpenditures
Per Capita
General Government$1,195,527
$88
Water/Sewer3,985,662
291
Electric0
0
Other Utilities113,820
8
Debt Service1,864,700
136
Transportation1,852,878
135
Public Safety3,902,920
285
Other1,312,440
96
Total$14,227,947
$1,040





Municipal Population Group: No Electric 10,000 to 49,999





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Analysis of Expenditures by Object for Fiscal 2011






2011
2011
CategoryExpenditures
Per Capita
Salaries & Wages$5,177,374
$379
Water/Sewer Capital676,713
49
Electric Capital0
0
Other Capital472,480
35
Other Operating7,901,380
577
Total$14,227,947
$1,040





Municipal Population Group: No Electric 10,000 to 49,999






Last Updated 6/15/2012 11:26:49 AM