North Carolina
Department of State Treasurer
Financial Information
Town of Rutherfordton



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
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Note: All data unless otherwise specified is for the 12 month period ending June, 30th of the designated year



Municipality Revenues and Expenditures Financial Profile
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201120102009200820072006

Revenues by Source







Property Tax$1,594,882 $1,600,106 $1,626,287 $1,603,849 $1,419,119 $1,416,709


Utility 723,075 601,727 578,021 599,870 589,979 598,722


Sales Tax 479,350 488,558 580,048 703,640 701,614 616,282


Sales & Services 289,818 252,839 268,971 263,660 228,569 212,245


Intergovernmental 1,134,941 769,640 942,948 874,452 521,337 558,374


Debt Proceeds 5,095 - 84,205 184,135 591,952 291,150


Other Miscellaneous 213,015 273,987 2,336,660 559,211 405,198 302,169


Total$4,440,176 3,986,857 6,417,140 4,788,817 4,457,768 3,995,651










Expenditures by Function







Utility$506,072 806,004 438,932 497,105 1,098,241 544,038


Debt Service 311,908 344,126 341,671 328,386 240,166 240,506


Transportation 61,829 108,634 99,668 45,886 200,045 315,370


General Government 428,444 387,779 401,239 426,675 566,325 581,708


Public Safety 1,380,628 1,312,530 1,385,648 1,395,451 1,227,346 1,406,489


Other 1,192,111 1,114,351 1,830,243 1,949,151 844,547 884,574


Total$3,880,992 4,073,424 4,497,401 4,642,654 4,176,670 3,972,685










Expenditures by Object







Salaries & Wages$2,016,455 2,087,568 2,145,980 2,066,926 1,898,707 1,791,089


Capital Outlay 84,344 119,152 832,218 932,888 934,962 704,307


Other Operating + Debt Service 1,780,193 1,866,704 1,519,203 1,642,840 1,343,001 1,477,289


Total$3,880,992 4,073,424 4,497,401 4,642,654 4,176,670 3,972,685



















Per Capita Revenues by Source







Property Tax$377 384 391 390 343 341


Utility 171 144 139 146 143 144


Sales Tax 114 117 140 170 169 149


Sales & Services 69 61 65 64 55 51


Intergovernmental 269 185 227 213 126 135


Debt Proceeds 1 - 20 45 143 70


Other Miscellaneous 50 66 563 136 98 73


Total$1,051 957 1,545 1,164 1,077 963










Per Capita Expenditures by Function







Utility$120 193 106 121 265 131


Debt Service 74 83 82 80 58 58


Transportation 15 26 24 11 48 76


General Government 100 94 96 103 138 140


Public Safety 327 315 334 339 296 339


Other 282 267 441 474 204 213


Total$918 978 1,083 1,128 1,009 957










Per Capita Expenditures by Object







Salaries & Wages$477 501 517 502 459 431


Capital Outlay 20 29 200 227 226 170


Other Operating 421 448 366 399 324 356


Total$918 978 1,083 1,128 1,009 957










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


Number of Municipalites in Group 119 122 120 120 124 123


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


Town of Rutherfordton Population 4,226 4,166 4,154 4,115 4,140 4,151

Group Average Per Capita Revenues by Source







Property Tax 356 342346336310306


Utility 392 322314310313326


Sales Tax 125 125144160160154


Sales & Services 86 8885807874


Intergovernmental 237 202185180174160


Debt Proceeds 127 8020917110895


Other Miscellaneous 131 106105133160126


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










Group Average Per Capita Expenditures by Function







Utility 422 419414370332305


Debt Service 111 1031001029698


Transportation 91 9595110111112


General Government 173 179185169159156


Public Safety 314 323318318310280


Other 242 220219230235209


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










Group Average Per Capita Expenditures by Object







Salaries & Wages 447 431429414405390


Capital Outlay 250 325317279252205


Other Operating 655 583585606584564


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


















General Fund
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201120102009200820072006

General Fund revenues$3,254,492 3,201,098 3,526,182 3,373,714 3,066,887 2,967,106

General Fund expenditures 3,145,703 3,027,807 3,485,875 3,360,590 2,908,283 3,258,501

Operating transfers in 51,160 37,500 - - 37,500 42,700

Operating transfers out - - 30,359 61,121 - -

Capital leases and installment purchase proceeds - - 84,205 184,135 - 291,150

Other items - - - - - -

Excess of revenues and other sources over (under) expenditures and other uses 159,949 210,791 94,153 136,138 196,104 42,455










Fund balance available (FBA):







In dollars$1,911,422 1,712,679 1,481,785 1,424,978 1,287,612 1,061,319


FBA as a % of GF Net Expenditures:







Unit's FBA %60.7656.5643.1844.0144.2735.77


Group weighted average FBA %69.3067.3970.2565.0564.3162.32


State weighted average Non-Electric Group41.0738.7037.8936.6637.3937.38


State weighted average FBA %39.5337.4737.0336.3436.5436.96

















Enterprise Funds:
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Water/Sewer













Combined financial results:







Working capital$19,026 (76,510) 336,873 277,138 307,688 314,507


Quick ratio1.04 0.84 1.84 1.76 1.84 1.79


Net income391,150 (103,199)2,065,328 24,090 147,482 39,850


Cashflow from operations329,243 169,113 157,275 129,012 197,665 165,763


Depreciation & Amortization Expense214,840 179,764 177,465 143,809 136,175 126,314


























Cash, Investments and Financing
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201120102009200820072006











Population at July 1st of the Previous Year4,2264,1664,1544,1154,1404,151


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


Cash &Investments$2,491,824 $2,760,279 $2,445,130 $2,380,655 $2,113,942 $1,717,230


Investment Earnings64,189 70,294 (26,279)98,066 149,308 101,505


Tax Rate Equivalent0.02080.0226-0.00840.03140.05650.0397


Tax Rate Equivalent Group weighted average0.00330.00550.01300.02940.04370.0322


Tax Rate Equivalent Statewide weighted average0.03170.02470.01330.05240.09200.0573


Latest year of Revaluation 200720072007200720022002


January 1, Prior Year Assessed Valuation$308,897,925 310,582,871 313,506,326 311,969,622 264,382,322 255,841,282


Tax Rate0.52000.52000.52000.52000.54000.5400


Tax Rate Group weighted average0.27780.25520.26970.26690.31160.3191


Tax Rate State Wide0.41220.40900.42620.42380.44500.4321


Assessment -to-Sales Ratio100.4893.2993.2493.6482.4588.61


Assessment -to-Sales Ratio Group weighted average102.19102.8492.1790.9283.5191.52


Assessment -to-Sales Ratio Statewide101.4798.2790.8188.5388.4192.28


Assessed Valuation Adjusted for Assesment to Sales Ratio$307,422,298 332,921,933 336,235,871 333,158,503 320,657,759 288,727,324


EffectiveTax Rate0.52250.48510.48480.48690.44520.4785


Group weighted average Effective Tax Rate0.28380.26240.24860.24270.26020.2921


Statewide weighted average Effective Tax Rate0.41830.40200.38700.37520.39340.3987


Percent Collected95.750096.650097.320096.850097.040097.2500


Percent Collected Group weighted average96.6795.4095.4195.8196.7096.72


Percent Collected Statewide97.4297.3597.3497.5697.5897.55


Percent Collected Excluding Motor Vehicles96.4897.5198.4597.9098.3398.49


Percent Collected Excluding Motor Vehicles Group weighted average97.3897.4397.5598.0697.9998.08


Percent Collected Excluding Motor Vehicles Statewide weighted average98.2598.2398.3098.6598.5998.61


Percent Collected Motor Vehicles Only 86.2085.9084.2085.3984.6085.85


Percent Collected Motor Vehicles Only Group weighted average85.3885.6085.2385.7586.0486.22


Percent Collected Motor Vehicles Only Statewide weighted average 86.4186.3886.5586.7486.7186.80


Tax Uncollected168,242 157,154 151,702 167,329 156,014 156,360


Tax Rate Equivalent0.05450.05060.04840.05360.05900.0611


Dominant County: Rutherford






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$245,603 401,628 551,756 696,210 835,205 968,947


--General Government0 0 0 0 0 0


Total*$245,603 401,628 551,756 696,210 835,205 968,947


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




Revenue Bond Debt $569,181 498,486 529,641 560,797 591,952 0


















Annual Financial Information Report Detail
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LineSectionDescription201120102009200820072006

Population at July 1st of the Previous Year Adjusted for Boundry Changes4,2264,1664,1544,1154,1404,151









1.5AFISCAL Governmental Activities Assets6,578,2256,634,3156,506,1096,107,0215,101,3434,754,620
1.5BSUMMARYGovernmental Activities Liabilities328,249524,117539,956715,081542,388436,172
3.5A
Business Type Activities Assets7,340,7337,134,7357,255,3125,326,8345,479,6944,908,459
3.5B
Business Type Activities Liabilties922,8791,128,0801,145,4581,282,3081,459,2581,035,505
6.5A
Fiduciary Funds Assets429,977444,017407,819528,053596,341540,935
6.5B
Fiduciary Funds Liabilties





10.0PART 2Current Collections of Unit -Wide Levy1,556,8811,572,3591,594,4391,577,5461,395,6971,364,771
11.0TAXCurrent Collections of Special Tax Districts9,1736,87612,31613,76110,72514,183
12.0REVENUESPrior Years' Levy Collections27,35217,50123,39817,22615,56040,338
13.0
Penalties and Interest10,64910,2468,4509,0777,86211,600
14.0
Collections of Taxes Previously Written Off





15.0
Animal Tax





15.1
Solid Waste Disposal Tax2,8242,8311,915


16.0
1% Local Government Option Sales Tax231,097228,690230,971240,423237,189213,363
17.0
1/2% Local Government Option Sales Tax (40)136,023135,080144,200169,414169,870145,980
18.0
1/2% Local Government Option Sales Tax (42)112,692114,312142,989168,374168,849145,195
18.5
1/2% Local Government Option Sales Tax (44)-46210,47661,888125,429125,706111,744
19.0
Privilege Licenses58,82964,12363,25057,10634,55838,370
19.2
Privilege -- All other privileges and pemits





20.0
Auto Licenses





21.0
Vehicle Tax for Public Transportation





22.0
Other Licenses4,1244,15645,55637,69335,47454,761
23.0
Local Occupancy Tax





24.0
Prepared Food Tax





25.0
911 Charges





26.0
Gross Short Term lease and Rental Tax1,5911,0299761,2371,1581,336
27.0FEDERALPayments In Lieu of Taxes - Federal





28.0INTERGOVEquitable Sharing of Fed. Forfeited Prop.





29.0REVENUESGeneral Government





30.0
Public Safety21,0862,041

20,00033,811
31.0
Transportation - Streets





32.0
Transportation - All Other





33.0
Environmental Protection





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





35.0
Econ. & Phys. Dev. - All Other





36.0
Human Services: Health, Mental Hlt & Hosp





37.0
Human Services: All Other





38.0
Culture & Recreation





39.0STATEPayments In Lieu of Taxes - State





40.0INTERGOVUnauthorized Substance Tax1,435464171

11,180
41.0REVENUESTransitional Hold Harmless129,618113,53346,205


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 Tax378,130386,032351,818339,810322,781308,227
45.0
Beer and Wine Tax18,3615,92518,48019,07118,75718,295
46.0
Powell Bill131,523130,713146,116164,252147,327150,472
50.0
Court Fees - Facilities and Arrest Fees4,0723,1033,1863,8093,7723,739
51.0
General Government





52.0
Public Safety
4,729



53.0
Transportation - Streets





54.0
Transportation - All Other





55.0
Environmental Protection152,424119,900
100,0008,70030,300
56.0
Econ. & Phys. Dev. - Housing/Community Dev





57.0
Econ. & Phys. Dev. - All Other46,292




58.0
Human Services -Health, Mental Health, Hosp





59.0
Human Services - All Other





60.0
Culture and Recreation

201,472204,277

61.0LOCALPayments in Lieu of Taxes - Local





62.0INTERGOVGeneral Government


750

63.0REVENUESPublic Safety2,0001,200


2,350
64.0
Transportation - Streets
2,000



65.0
Transportation - All Other





66.0
Environmental Protection250,000




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

175,50042,483

71.0PERMITS Building Permits





72.0& FEESInspection Fees





72.1
Amusements licensing and permit taxes





73.0
Other Permits380


1,175665
74.0SALES &Parking Revenues1,0208509426287751,240
75.0SERVICESRents and Royalties10,77199862815,5043101,727
76.0
Airport





77.0
Fire Protection Charges234,607227,145246,141234,459214,449198,731
78.0
Solid Waste14,307




79.0
Ambulance and Rescue Squad Charges





80.0
Cemeteries1,6945,4661,0257,0503,2001,658
81.0
Recreation Service Revenues23,33515,37018,3422,9057,8756,863
82.0
Library Service Revenues





83.0
Other Cultural and Rec Service Revenues





84.0
Mass Transit - City Operated





85.0
Other Sales and Services4,0843,0101,8933,1141,9602,026
86.0UTILITYWater and Sewer Charges723,075601,727578,021599,870589,979598,722
87.0REVENUESElectric Charges





88.0
Gas Charges





88.1
Storm Water Fees





89.0MISC.Investment Earnings - Bond Proceeds





90.0REVENUESInvestment Earnings - All Other Funds64,18970,294-26,27998,066149,308101,505
91.0
Special Assessments





92.0
Private Contributions and Donations3,50057,3902,193,518286,881120,00045,250
93.0
Sales of Materials and Fixed Assets2,0814,8752,1103,5601,565958
94.0
Sale of Real Property





95.0
Nongovt Contr For Streets & Traffic Signals





96.0
ABC Mixed Drink Surcharge





97.0
ABC Profit Distribution18,4007,00019,78014,0007,000
98.0
Other Miscellaneous Revenues47,92455,41323,51846,90744,23545,141
99.0
Proceeds of Sale of Bonds and Notes





100.0
Proceeds of Capital Leases/Install Purchases5,095
84,205184,135591,952291,150
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


5,74223,5625,933
109APART 4Governing Body - Salaries & Wages11,26711,53211,42311,86310,9509,498
109BGENERALGoverning Body - Other Direct16,2825,0805,0983,0514,7504,249
109CGOVTGoverning Body - Construction





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





110A
Administration - Salaries & Wages187,915192,345197,758190,932174,691209,134
110B
Administration - Other Direct191,638163,449156,728161,270174,111212,968
110C
Administration - Construction





110D
Administration - Purchase of P,P&E

15,61920,197

111A
Elections - Salaries & Wages





111B
Elections - Other Direct
2,548
1,732
1,783
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 Direct21,34212,82514,61337,63037,33531,400
114C
Legal - Construction





114D
Legal - Purchase of P,P&E





115A
Public Buildings - Salaries & Wages





115B
Public Buildings - Other Direct





115C
Public Buildings - Construction





115D
Public Buildings - Purchase of P,P&E





116A
Court Facilities - Salaries & Wages





116B
Court Facilities - Other Direct





116C
Court Facilities - Construction





116D
Court Facilities - Purchase of P,P&E





117A
Central Services - Salaries & Wages





117B
Central Services - Other Direct





117C
Central Services - Construction





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





118A
Gen. Govt. All Other - Salaries & Wages



108,56754,846
118B
Gen. Govt. All Other - Other Direct



44,92157,830
118C
Gen. Govt. All Other - Construction



11,000
118D
Gen. Govt. All Other - Purchase of P,P&E





119APUBLICPolice & Comm - Traffic Control - Salaries and Wages700,312716,777742,234703,159664,085627,934
119BSAFETYPolice & Comm - Traffic Control - Other Direct107,80790,003117,675141,88597,810104,587
119C
Police & Comm - Traffic Control - Construction





119D
Police & Comm - Traffic Control - Purchase of P,P&E53,45125,37153,75079,7889,66057,078
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 & Wages371,169370,226373,826364,949334,470292,318
122B
Fire - Other Direct106,68175,37469,44378,98768,65374,441
122C
Fire - Construction





122D
Fire - Purchase of P,P&E



23,425223,615
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



2,7002,325
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





128B
Streets and Highways - Other Direct





128C
Streets and Highways - Construction





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





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 & Wages30,43222,15019,82019,79518,57725,244
130B
Powell Bill - Other Direct29,49616,1407,98116,0912,8708,530
130C
Powell Bill - Construction
70,34471,86710,000178,598281,596
130D
Powell Bill - Purchase of P,P&E1,901




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 & Wages526,902540,535560,752533,432480,776467,417
136BMENTALSolid Waste - Other Direct209,120184,822195,039217,790184,406188,038
136CPROTECTIONSolid Waste - Construction





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


75,131
56,851
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 Direct1,0844103641,0031,815499
138C
Cemeteries - Construction





138D
Cemeteries - Purchase of P,P&E


9,000

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 & Wages47,546




140B& PHYSICALPlanning & Zoning - Other Direct2,927




140CDEVELOPPlanning & Zoning - Construction





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





141A
Economic Development - Salaries & Wages





141B
Economic Development - Other Direct46,292




141C
Economic Development - Construction





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





142A
Community Development - Salaries & Wages
107,047111,758123,714

142B
Community Development - Other Direct
59,99876,74385,688

142C
Community Development - Construction


11,937

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


52,639

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 & Wages16,760




145B
Econ. Dev. All Other - Other Direct56,620




145C
Econ. Dev. All Other - Construction





145D
Econ. Dev. All Other - Purchase of P,P&E5,000




146AHUMANHealth - Salaries & Wages





146BSERVICESHealth - Other Direct





146C
Health - Construction





146D
Health - Purchase of P,P&E





147A
Mental Health - Salaries & Wages





147B
Mental Health - Other Direct





147C
Mental Health - Construction





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





148A
Social Services - Salaries & Wages





148B
Social Services - Other Direct





148C
Social Services - Construction





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





149B
Hospital-City - Other Direct





150B
Hospital-Private - Other Direct





151A
Legal Aid - Salaries & Wages





151B
Legal Aid - Other Direct





151C
Legal Aid - Construction





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





152A
Human Serv. All Other - Salaries & Wages





152B
Human Serv. All Other - Other Direct





152C
Human Serv. All Other - Construction





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





153ACULTURE Recreation & Parks - Salaries & Wages





153BRECREATIONRecreation & Parks - Other Direct69,32221,15765,80744,82953,90642,289
153C
Recreation & Parks - Construction


90,479

153D
Recreation & Parks - Purchase of P,P&E13,932
309,750


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 & Wages124,152126,956128,409119,082106,591104,698
156B
Libraries - Other Direct18,05449,98917,98819,17317,05324,782
156C
Libraries - Construction





156D
Libraries - Purchase of P,P&E10,06023,4374,650


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





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





157C
Cult. & Recr. All Other - Construction

358,983565,254

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





158AUTILITYWater & Sewer - Salaries & Wages





158B
Water & Sewer - Other Direct 506,072806,004421,333478,642385,962458,871
158C
Water & Sewer - Construction



707,67982,222
158D
Water & Sewer - Purchase of P,P&E

17,59918,4634,6002,945
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 & Fees25,06231,64338,00149,39536,40441,459
161DSERVICEWater & Sewer - Principal204,155181,283175,610170,310133,742128,687
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 & Fees4,3157,91110,43711,8799,1006,123
166D
All Other - Principal78,376123,289117,62396,80260,92064,237
167BPENSIONDirect Benefit Program - Other Direct





168BFRINGEFringe Benefits Unallocated44,340




169B
Separation Allowance - Law Enforcement11,0155,643



170B
Separation Allowance - Other Employees





171B
Supplemental Retirement - Law Enforcement30,19329,13628,72026,68326,54324,191
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 vehicles1,498,961.1,492,889.001,496,870.001,479,710.001,298,619.001,260,667.00
180.0
Current year's levy -- Motor vehicles (only)115,528.119,965.00128,486.00136,318.00134,315.00137,318.00
181.0PART 6Uncollected Taxes - Current Year's Levy Except Mot Veh52,714.37,189.0023,216.0031,011.0021,699.0019,042.00
182.0OTHERUncollected Taxes - CY Levy -Motor Vehicles15,94516,92020,29919,91420,68419,432
183.0DATAPercentage of Taxes Collected - All Property %95.7596.6597.3296.8597.0497.25
184.0DATAPercentage of Taxes Collected - Exclude Motor Vehicles%96.4897.5198.4597.9098.3398.49
185.0
Percentage of Taxes Collected - Motor Vehicles %86.2085.9084.2085.3984.6085.85
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 Other2,491,8242,760,2792,445,1302,380,6552,113,9421,717,230
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 Revenues4,477,6764,024,3576,454,6404,826,3174,495,2684,038,351
194BFISCALAmount - Subtract Refunding Bond Proceeds





194CSUMMARYAmount - Subtract Interfund Transfers In37,50037,50037,50037,50037,50042,700
194D
Amount - Net Revenues4,440,1763,986,8576,417,1404,788,8174,457,7683,995,651


Calculated amount4,440,1763,986,8576,417,1404,788,8174,457,7683,995,651


Amounts in AGREEMENT??YesYesYesYesYesYes


Difference





195A
Amount - Total Expenditures3,918,4924,110,9244,534,9014,680,1544,214,1704,015,385
195B
Amount - Subtract Pymts. to Refunded Debt Agent





195C
Amount - Subtract Interfund Transfers Out37,50037,50037,50037,50037,50042,700
195D
Amount - Net Expenditures3,880,9924,073,4244,497,4014,642,6544,176,6703,972,685


Calculated amount3,880,9924,073,4244,497,4014,642,6544,176,6703,972,685


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 Water





402BOperationsAmount processed and/or purchased in units Sewer176254166140,481

403A
Total amount billed in units - Water





403B
Total amount billed in units - Sewer116111122257,011

404A
Of the total in 403A above how many units were Residential W





404B
Of the total in 403B above how many units were Residential S625960249,265

405A
Of the total in 403 above, how many units were Outside Muni W





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





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





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





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





408B
Dollars related to 403B above747,274626,201591,346608,300

409A
Dollars related to 404A above





409B
Dollars related to 404B above418,147347,781211,755531,125

410A
Dollars related to 405A above





410B
Dollars related to 405B above





411A
Dollars related to 406A above





411B
Dollars related to 406B above





412A
Dollars related to 407A above





412B
Dollars related to 407B above





421A
Number of residential accounts billed - Water





421B
Number of residential accounts billed - Sewer1,3891,3941,3691,599

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





422B
Number of non-residential & bulk accounts billed - Sewer20920720512

423A
Estimated percentage of accounts outside of municipal limits
































950.0
OfficialRussell Scherer

951.0
TitleFinance Director

952.0
Date01/04/2012January 11,201101/15/201001/15/200901/14/200812/06/2006
953.0
ContactRussell Scherer

954.0
TitleFinance Director

955.0
Phone828-287-3520




956.0
Fax828-286-8054




957.0
E-Mail:


















Go to top of page
Key Ratios and Operations Statistics of Water and Sewer Systems for



Town of Rutherfordton













201120102009200820072006








Population
4,2264,1664,1544,1154,1404,151
Population Group
No Electric 2,500 to 9,999 No Electric 2,500 to 9,999 No Electric 2,500 to 9,999 No Electric 2,500 to 9,999 No Electric 2,500 to 9,999 No Electric 2,500 to 9,999
Total Operating Revenues
$723,075601,727578,021599,870589,979598,722
Total Operating Revenues Per Capita
$171144139146143144
Group Weighted Average Revenues Per Capita465442409396397412
State Weighted Average Revenues Per Capita404384353365367356








% to Total Operating Revenues






Operating Expenses
85.28%125.83%103.59%103.00%88.50%97.74%
Group Weighted Average
93.10%92.87%93.32%93.18%90.16%87.26%
State Weighted Average
82.59%85.08%89.86%86.70%82.47%81.57%








Operating Margin
14.72%-25.83%-3.59%-3.00%11.50%2.26%
Group Weighted Average
6.90%7.13%6.68%6.82%9.84%12.74%
State Weighted Average
17.41%14.92%10.14%13.30%17.53%18.43%








Operating Transfers In
0.00%0.00%0.00%0.00%0.00%0.00%
Group Weighted Average
2.55%3.37%2.01%1.52%2.84%2.59%
State Weighted Average
0.85%1.71%1.26%1.45%1.20%1.83%








Operating Transfers Out
5.19%6.23%6.49%6.25%6.36%7.13%
Group Weighted Average
5.13%4.49%7.69%4.05%4.95%2.33%
State Weighted Average
1.89%1.79%2.55%3.08%1.94%2.63%








Net Income before capital contributions
-1.56%-37.08%-12.96%-12.65%25.00%1.60%
Group Weighted Average
-5.62%3.49%0.41%2.42%-2.67%6.45%
State Weighted Average
8.52%7.13%-10.44%7.19%11.65%9.59%








Key Ratios and Cash Flow














Quick Ratio
1.040.841.841.761.841.79
Group Weighted Average
3.362.993.223.123.263.67
State Weighted Average
3.483.202.812.962.902.82








Days Sales in Receivables
29.331.682.055.862.770.1
Group Weighted Average
53.357.765.252.352.853.8
State Weighted Average
54.458.958.655.260.057.8








Days Cash on Hand
406.7229.5482.1424.9542.8464.5
Group Weighted Average
360.2368.6384.6439.3462.7413.2
State Weighted Average
505.4465.8424.9457.2497.5457.2








Cash flow from Operations
$329,243169,113157,275129,012197,665165,763








Debt to Equity
0.130.170.180.310.350.25
Group Weighted Average
0.410.400.400.310.280.25
State Weighted Average
0.600.600.570.560.560.52








Debt per Capita
205239260305345233
Group Weighted Average
924863806631533484
State Weighted Average
1,2821,2531,1291,1391,101988








Capital Expenditures:
201120102009200820072006


$0017,59918,463712,27985,167










2005200420032002



$41,8290032,716









Capital Contributions: Excluded from income above
$402,424119,9002,140,241100,000030,300
















Operating Statistics














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








Number of Gallons of Water Processed (000) omitted00000NA
Number of Gallons of Sewage Processed (000) omitted176254166140,4810NA








Number of Gallons of Water Billed (000) omitted00000NA
Number of Gallons of Sewage Billed (000) omitted116111122257,0110NA








Ratio of Water Billed to Water Processed




NA
Ratio of Sewage Billed to Sewage Processed0.657270.436490.734941.82951
NA








Total Revenue from Water Sales00000NA
Total Revenue from Sewage Sales747,274626,201591,346608,3000NA








Water Revenue per 1000 gallons of Sales





NA
Sewage Revenue per 1000 gallons of Sales





NA








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








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








Residential Water Sales per thousand Gallons




NA
Residential Sewage Sales per thousand Gallons$6,745.394425,848.007403,529.250002.13076
NA








Water Sales per thousand Gallons outside Municipal Limits




NA
Sewage Sales per thousand Gallons outside Municipal Limits




NA








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


Go to top of page
Analysis of Available Fund Balance:  General Fund

20072008200920102011
Unit's FBA %44.27%44.01%43.18%56.56%60.76%
Group average FBA %64.31%65.05%70.25%67.39%69.30%
State average Electric/Non Electric Group FBA %37.39%36.66%37.89%38.70%41.07%
State average FBA %36.54%36.34%64.31%37.47%39.53%






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

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Analysis of Property Tax

20072008200920102011
Municipality97.04%96.85%97.32%96.65%95.75%
Pop. Group96.70%95.81%95.41%95.40%96.67%
Statewide97.58%97.56%97.34%97.35%97.42%






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






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Analysis of General Obligation Debt

20072008200920102011
Municipality00000
Pop. Group149152158107113
Statewide478456455449450






Municipal Population Group: 2,500 to 4,999






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Analysis of Revenue

20072008200920102011
Property Tax$343390391384377
Utility143146139144171
Sales Tax169170140117114
Sales & Services5564656169
Intergovernmental126213227185269
Debt Proceeds143452001
Other Miscellaneous981365636650
Total$1,0771,1641,5459571,051

Go to top of page
Analysis of Revenue for Fiscal 2011











2011
2011
CategoryRevenue
Per Capita
Property Tax$1,594,882
$377
Water/Sewer723,075
171
Electric0
0
Other Utilities0
0
Sales Tax479,350
114
Sales & Services289,818
69
Intergovernment1,134,941
269
Debt Proceeds5,095
1
Miscellaneous213,015
50
Total$4,440,176
$1,051





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





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Analysis of Expenditures by Function for Fiscal 2011











2011
2011
CategoryExpenditures
Per Capita
General Government$428,444
$100
Water/Sewer506,072
120
Electric0
0
Other Utilities0
0
Debt Service311,908
74
Transportation61,829
15
Public Safety1,380,628
327
Other1,192,111
282
Total$3,880,992
$918





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





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Analysis of Expenditures by Object for Fiscal 2011






2011
2011
CategoryExpenditures
Per Capita
Salaries & Wages$2,016,455
$477
Water/Sewer Capital0
0
Electric Capital0
0
Capital Outlay84,344
20
Other Operating1,780,193
421
Total$3,880,992
$918





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






Last Updated 6/15/2012 11:33:18 AM