North Carolina
Department of State Treasurer
Financial Information
City of Shelby



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
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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$7,577,457 $7,642,791 $7,841,040 $6,879,575 $6,432,801 $6,618,948


Utility 41,539,114 42,554,159 45,683,137 45,498,622 43,012,960 58,806,399


Sales Tax 2,732,493 2,669,105 2,786,724 2,966,595 2,971,686 2,759,114


Sales & Services 1,484,585 1,397,101 1,392,641 1,242,458 982,069 1,011,778


Intergovernmental 7,819,607 5,325,259 6,410,341 5,537,313 4,571,548 3,929,472


Debt Proceeds 965,726 9,249,562 2,138,496 4,556,425 456,055 696,655


Other Miscellaneous 896,781 989,382 1,264,967 1,910,664 2,251,917 2,241,098


Total$63,015,763 69,827,359 67,517,346 68,591,652 60,679,036 76,063,464










Expenditures by Function







Utility$37,850,621 36,602,407 44,478,192 41,845,315 36,228,372 53,839,135


Debt Service 5,099,152 4,717,346 4,656,558 4,756,461 3,648,194 5,037,752


Transportation 2,490,190 3,468,401 2,973,136 2,082,533 1,422,790 1,965,273


General Government 5,359,545 3,650,276 3,800,667 3,683,574 2,865,014 3,064,861


Public Safety 9,813,755 9,585,657 9,197,657 9,200,448 9,234,942 8,273,740


Other 4,748,720 5,343,906 6,050,959 5,951,817 6,217,758 5,911,192


Total$65,361,983 63,367,993 71,157,169 67,520,148 59,617,070 78,091,953










Expenditures by Object







Salaries & Wages$15,528,190 16,404,764 16,305,503 15,993,409 15,551,578 15,275,105


Capital Outlay 9,514,705 7,427,023 12,793,068 8,779,068 4,364,421 6,053,824


Other Operating + Debt Service 40,319,088 39,536,206 42,058,598 42,747,671 39,701,071 56,763,024


Total$65,361,983 63,367,993 71,157,169 67,520,148 59,617,070 78,091,953



















Per Capita Revenues by Source







Property Tax$372 368 377 332 308 317


Utility 2,040 2,047 2,195 2,193 2,062 2,817


Sales Tax 135 127 134 142 142 134


Sales & Services 73 67 67 60 47 48


Intergovernmental 384 256 308 267 219 188


Debt Proceeds 47 445 103 220 22 33


Other Miscellaneous 44 48 61 92 108 107


Total$3,095 3,358 3,245 3,306 2,908 3,644










Per Capita Expenditures by Function







Utility$1,859 1,760 2,138 2,017 1,736 2,579


Debt Service 250 227 224 229 175 241


Transportation 122 167 143 100 68 94


General Government 265 176 182 178 138 148


Public Safety 482 461 442 444 443 396


Other 233 257 291 287 298 283


Total$3,211 3,048 3,420 3,255 2,858 3,741










Per Capita Expenditures by Object







Salaries & Wages$763 789 784 771 745 732


Capital Outlay 467 357 615 423 209 290


Other Operating 1,981 1,902 2,021 2,061 1,904 2,719


Total$3,211 3,048 3,420 3,255 2,858 3,741










Population GroupElectric 10,000 to 49,999 Electric 10,000 to 49,999 Electric 10,000 to 49,999 Electric 10,000 to 49,999 Electric 10,000 to 49,999 Electric 10,000 to 49,999


Number of Municipalites in Group 22 23 22 22 22 22


Average Population In Group 22,715 20,466 20,622 22,003 21,233 20,452


City of Shelby Population 20,358 20,793 20,808 20,745 20,863 20,876

Group Average Per Capita Revenues by Source







Property Tax 415 404401365353344


Utility 2,002 1,7591,7421,8971,8361,894


Sales Tax 126 128143155155150


Sales & Services 136 11611111010497


Intergovernmental 203 216193172183211


Debt Proceeds 69 102317276201125


Other Miscellaneous 87 114127150178155


Total 3,038 2,8393,0343,1253,0102,976










Group Average Per Capita Expenditures by Function







Utility 1,850 1,7081,8151,9071,8171,915


Debt Service 175 175166147136192


Transportation 138 147121120116119


General Government 144 197184157136134


Public Safety 414 412412393374363


Other 299 283340357288270


Total 3,020 2,9223,0383,0812,8672,993










Group Average Per Capita Expenditures by Object







Salaries & Wages 634 628628623586561


Capital Outlay 239 358440429329352


Other Operating 2,147 1,9361,9692,0281,9522,080


Total 3,020 2,9223,0373,0802,8672,993


















General Fund
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201120102009200820072006

General Fund revenues$15,193,241 15,207,890 15,698,049 15,323,414 14,134,126 13,691,298

General Fund expenditures 17,842,301 17,142,401 17,274,148 17,232,692 16,470,383 16,847,701

Operating transfers in 2,334,350 2,400,031 2,335,000 2,075,000 2,094,150 2,793,500

Operating transfers out 404,050 469,869 344,061 63,700 271,200 77,000

Capital leases and installment purchase proceeds 509,895 707,073 365,936 245,750 172,478 508,976

Other items 53,848 28,114 12,799 10,838 46,574 130,541

Excess of revenues and other sources over (under) expenditures and other uses (155,017) 730,838 793,575 358,610 (294,255) 199,614










Fund balance available (FBA):







In dollars$4,346,331 4,034,299 4,660,532 4,269,987 3,592,481 3,880,989


FBA as a % of GF Net Expenditures:







Unit's FBA %24.5123.8627.0125.0421.6823.64


Group weighted average FBA %37.8538.2139.9638.6937.0140.17


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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Gas, Electric, Water/Sewer, Housing













Combined financial results:







Working capital$6,781,809 22,425,384 16,227,270 20,606,866 19,888,145 17,259,189


Quick ratio1.76 3.98 1.38 2.49 2.63 2.39


Net income4,177,260 3,304,217 4,895,987 3,155,572 5,751,295 2,351,568


Cashflow from operations6,373,246 3,070,431 4,163,245 5,329,559 5,206,744 4,272,641


Depreciation & Amortization Expense2,085,156 2,030,563 1,970,270 1,860,455 1,761,210 1,601,400


























Cash, Investments and Financing
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201120102009200820072006











Population at July 1st of the Previous Year20,35820,79320,80820,74520,86320,876


Population GroupElectric 10,000 to 49,999 Electric 10,000 to 49,999 Electric 10,000 to 49,999 Electric 10,000 to 49,999 Electric 10,000 to 49,999 Electric 10,000 to 49,999


Cash &Investments$24,587,119 $28,415,565 $22,262,051 $26,163,622 $23,127,755 $22,706,794


Investment Earnings253,821 386,985 609,981 1,314,866 1,313,659 1,013,824


Tax Rate Equivalent0.01520.02300.03570.08160.08640.0683


Tax Rate Equivalent Group weighted average0.00730.01050.03040.07070.07930.0520


Tax Rate Equivalent Statewide weighted average0.03170.02470.01330.05240.09200.0573


Latest year of Revaluation 200820082008200420042004


January 1, Prior Year Assessed Valuation$1,668,834,283 1,685,785,918 1,710,432,062 1,612,186,876 1,521,046,068 1,483,492,873


Tax Rate0.43500.43500.43500.43500.42000.4200


Tax Rate Group weighted average0.44100.43640.44110.44980.44540.4425


Tax Rate State Wide0.41220.40900.42620.42380.44500.4321


Assessment -to-Sales Ratio97.0297.5297.8584.5292.2192.45


Assessment -to-Sales Ratio Group weighted average101.3196.9388.6787.5590.1392.19


Assessment -to-Sales Ratio Statewide101.4798.2790.8188.5388.4192.28


Assessed Valuation Adjusted for Assesment to Sales Ratio$1,720,093,056 1,728,656,602 1,748,014,371 1,907,461,992 1,649,545,676 1,604,643,454


EffectiveTax Rate0.42200.42420.42560.36770.38730.3883


Group weighted average Effective Tax Rate0.44680.42300.39110.39380.40150.4080


Statewide weighted average Effective Tax Rate0.41830.40200.38700.37520.39340.3987


Percent Collected96.960096.830095.830096.190090.620096.2000


Percent Collected Group weighted average96.7896.7596.5496.7996.5196.74


Percent Collected Statewide97.4297.3597.3497.5697.5897.55


Percent Collected Excluding Motor Vehicles97.7697.7196.9197.3991.3897.52


Percent Collected Excluding Motor Vehicles Group weighted average97.6897.5497.5798.0397.7398.00


Percent Collected Excluding Motor Vehicles Statewide weighted average98.2598.2398.3098.6598.5998.61


Percent Collected Motor Vehicles Only 85.9385.3983.6983.8482.7984.63


Percent Collected Motor Vehicles Only Group weighted average86.3286.1284.7283.9484.2185.28


Percent Collected Motor Vehicles Only Statewide weighted average 86.4186.3886.5586.7486.7186.80


Tax Uncollected680,128 708,090 819,944 787,236 1,174,664 839,470


Tax Rate Equivalent0.04080.04200.04790.04880.07720.0566


Dominant County: Cleveland






Debt Information








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


Ratings:







Fitch







Moody'sA1A1A3A3A3A3


S & PAAAAAA











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




Enterprise GO Debt$0 0 0 0 262,308 533,077


General Government GO Debt0 0 0 0 47,692 96,923


Total General Obligation Debt0 0 0 0 310,000 630,000


Per Capita$0 0 0 0 15 30


Total Per Capita for the Population Group111 132 130 153 166 163


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%0.0188%0.0393%


Total per Assessed Valuation Adjusted for Current Year Sales- Group Average0.1155%0.1377%0.1320%0.1585%0.1868%0.1912%


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$80,000 100,000 120,000 140,000 192,750 245,500


--General Government1,735,771 2,051,673 2,367,574 1,481,707 1,837,577 2,185,821


Total*$1,815,771 2,151,673 2,487,574 1,621,707 2,030,327 2,431,321


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




Revenue Bond Debt $30,225,518 32,793,701 26,870,699 29,228,455 27,323,325 29,233,694


















Annual Financial Information Report Detail
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LineSectionDescription201120102009200820072006

Population at July 1st of the Previous Year Adjusted for Boundry Changes20,35820,79320,80820,74520,86320,876









1.5AFISCAL Governmental Activities Assets43,023,42241,989,37741,211,55237,610,95337,208,88131,917,315
1.5BSUMMARYGovernmental Activities Liabilities6,097,9256,504,4156,489,3175,102,8775,999,1437,047,257
3.5A
Business Type Activities Assets119,345,783115,513,632106,896,744104,240,72398,901,41897,038,521
3.5B
Business Type Activities Liabilties36,639,24037,356,86732,044,19634,284,16231,065,14134,953,539
6.5A
Fiduciary Funds Assets335,238328,455380,988270,699256,350238,622
6.5B
Fiduciary Funds Liabilties335,2381,742


111
10.0PART 2Current Collections of Unit -Wide Levy7,281,9117,273,5617,351,4866,200,3926,175,9366,294,949
11.0TAXCurrent Collections of Special Tax Districts108,071112,103109,873105,636143,229151,523
12.0REVENUESPrior Years' Levy Collections240,223310,551368,145630,057209,547267,799
13.0
Penalties and Interest55,32358,679121,40949,12647,31856,200
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 Tax991,3571,011,235987,690990,364980,823910,559
17.0
1/2% Local Government Option Sales Tax (40)1,306,7101,227,495722,309732,580734,866676,527
18.0
1/2% Local Government Option Sales Tax (42)452,89244,487717,402728,537730,789673,116
18.5
1/2% Local Government Option Sales Tax (44)-18,466385,888359,323515,114525,208498,912
19.0
Privilege Licenses





19.2
Privilege -- All other privileges and pemits95012,50027,4692,0154,5802,920
20.0
Auto Licenses





21.0
Vehicle Tax for Public Transportation





22.0
Other Licenses



121,166180,671
23.0
Local Occupancy Tax126,791110,685101,314119,913108,049103,621
24.0
Prepared Food Tax





25.0
911 Charges





26.0
Gross Short Term lease and Rental Tax27,58924,24823,44024,33822,92725,391
27.0FEDERALPayments In Lieu of Taxes - Federal
58,79457,46156,100

28.0INTERGOVEquitable Sharing of Fed. Forfeited Prop.
15,71011,29621,25046,877
29.0REVENUESGeneral Government
14,456193,589


30.0
Public Safety328,100279,086301,025
77,431791
31.0
Transportation - Streets





32.0
Transportation - All Other322,1941,056,8811,359,540
78,789
33.0
Environmental Protection

4,993

260,977
34.0
Econ. & Phys. Dev. - Housing/Comm. Dev.689,732703,2631,006,916709,822458,177778,135
35.0
Econ. & Phys. Dev. - All Other1,398,9002,3912,4662,625

36.0
Human Services: Health, Mental Hlt & Hosp





37.0
Human Services: All Other





38.0
Culture & Recreation456,08643,914



39.0STATEPayments In Lieu of Taxes - State





40.0INTERGOVUnauthorized Substance Tax





41.0REVENUESTransitional Hold Harmless





42.0
Wireless Enhanced 911 Service Charges

114,710122,130128,72392,549
42.1
Emergency Telephone Services Fund (ETSF) Revenues (Do not include interest)119,017119,017



42.2
ETSF Interest Income





43.0
Piped Natural Gas Charge Distribution





44.0
Utility Franchise Tax1,581,8811,540,0521,550,8771,503,3491,263,6961,181,332
45.0
Beer and Wine Tax93,59331,17893,19096,10394,33192,566
46.0
Powell Bill595,352592,441669,053752,594676,467693,001
50.0
Court Fees - Facilities and Arrest Fees10,18713,60612,72012,33812,378
51.0
General Government

34,663


52.0
Public Safety


162,919164,164145,990
53.0
Transportation - Streets


247,34164,988
54.0
Transportation - All Other


663,660586,998
55.0
Environmental Protection





56.0
Econ. & Phys. Dev. - Housing/Community Dev574,757577,064563,855954,618787,410498,095
57.0
Econ. & Phys. Dev. - All Other600,225

114,135

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




16,923
62.0INTERGOVGeneral Government

154,000

10,000
63.0REVENUESPublic Safety190,084277,406264,987114,000114,000114,000
64.0
Transportation - Streets

15,000


65.0
Transportation - All Other141,642


17,11945,113
66.0
Environmental Protection


1,450

67.0
Economic and Physical Development717,857




68.0
Human Services - Health, Mental Hlt & Hosp


2,879

69.0
Human Services - All Other





70.0
Culture and Recreation





71.0PERMITS Building Permits224,657212,424169,694190,331210,819183,772
72.0& FEESInspection Fees46,68037,29341,56725,68025,50734,151
72.1
Amusements licensing and permit taxes





73.0
Other Permits4694,3882,0912801,0603,288
74.0SALES &Parking Revenues22030949
4651,140
75.0SERVICESRents and Royalties15,64015,36815,47924,95419,35133,931
76.0
Airport247,396196,173182,395103,406
1,300
77.0
Fire Protection Charges

4111,8561,8114,750
78.0
Solid Waste682,459589,315630,290582,589538,371543,261
79.0
Ambulance and Rescue Squad Charges





80.0
Cemeteries11,88122,83033,07548,77859,63569,258
81.0
Recreation Service Revenues322,868338,268320,162308,804280,558272,057
82.0
Library Service Revenues





83.0
Other Cultural and Rec Service Revenues





84.0
Mass Transit - City Operated





85.0
Other Sales and Services204,121235,117209,880172,07181,87886,081
86.0UTILITYWater and Sewer Charges8,393,8878,255,1339,071,7867,429,4227,147,3316,888,473
87.0REVENUESElectric Charges18,659,49117,833,71718,093,88417,717,64717,107,00815,475,239
88.0
Gas Charges14,485,73616,465,30918,517,46720,351,55318,758,62136,442,687
88.1
Storm Water Fees





89.0MISC.Investment Earnings - Bond Proceeds





90.0REVENUESInvestment Earnings - All Other Funds253,821386,985609,9811,314,8661,313,6591,013,824
91.0
Special Assessments




44,789
92.0
Private Contributions and Donations
9,3804,94721,646140,9175,253
93.0
Sales of Materials and Fixed Assets53,84828,11412,79910,83871,047328,773
94.0
Sale of Real Property





95.0
Nongovt Contr For Streets & Traffic Signals





96.0
ABC Mixed Drink Surcharge





97.0
ABC Profit Distribution53,90551,26279,53295,12188,95769,080
98.0
Other Miscellaneous Revenues

82,260

94,042
99.0
Proceeds of Sale of Bonds and Notes


1,074,269

100.0
Proceeds of Capital Leases/Install Purchases965,7269,249,5622,138,4963,482,156456,055696,655
101.0
Other





102.0NON-REVSchool - Current Levy Collections





103.0RECEIPTSPrior Years' Levy Collections





104.0
Tax Collections for Other Units





105.0
Utilities Customer's Deposits





106.0
Deposits Other than Utility





107.0
Prepaid Taxes





108.0
Prepaid Privilege Licenses





109APART 4Governing Body - Salaries & Wages55,74654,59261,09764,04469,87759,549
109BGENERALGoverning Body - Other Direct19,75122,28918,16123,43320,02025,002
109CGOVTGoverning Body - Construction





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





110A
Administration - Salaries & Wages255,792256,339256,177260,763223,661208,027
110B
Administration - Other Direct96,918135,53691,926109,96794,55986,436
110C
Administration - Construction2,671




110D
Administration - Purchase of P,P&E



5,295
111A
Elections - Salaries & Wages




23,055
111B
Elections - Other Direct





111C
Elections - Construction





111D
Elections - Purchase of P,P&E





112A
Finance - Salaries & Wages431,1901,292,9551,259,2421,176,7841,151,3081,124,847
112B
Finance - Other Direct152,455508,620470,983320,877384,832314,086
112C
Finance - Construction





112D
Finance - Purchase of P,P&E30,48364,375365,850251,54314,507317,632
113A
Taxes - Salaries & Wages



127,987127,152
113B
Taxes - Other Direct163,800168,441171,725146,724

113C
Taxes - Construction





113D
Taxes - Purchase of P,P&E





114A
Legal - Salaries & Wages





114B
Legal - Other Direct17,11624,93535,04029,44525,58417,077
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 & Wages533,059541,174534,818595,302334,611324,497
117B
Central Services - Other Direct203,736224,235123,048168,364138,071100,644
117C
Central Services - Construction





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


34,4995,462
118A
Gen. Govt. All Other - Salaries & Wages1,337,798196,800228,017363,985150,813200,295
118B
Gen. Govt. All Other - Other Direct2,045,278159,985184,583124,721118,427136,562
118C
Gen. Govt. All Other - Construction





118D
Gen. Govt. All Other - Purchase of P,P&E13,752

13,123

119APUBLICPolice & Comm - Traffic Control - Salaries and Wages4,688,1074,631,0974,429,2034,532,1484,359,1513,848,893
119BSAFETYPolice & Comm - Traffic Control - Other Direct823,413899,779900,191977,1501,044,629625,254
119C
Police & Comm - Traffic Control - Construction





119D
Police & Comm - Traffic Control - Purchase of P,P&E172,778363,071124,465194,271294,844206,230
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 & Wages2,808,4752,838,0252,779,7752,658,7002,694,1412,864,924
122B
Fire - Other Direct403,618355,331308,075391,643346,816285,821
122C
Fire - Construction





122D
Fire - Purchase of P,P&E589,906
98,68322,21131,238
123A
Inspectors - Salaries & Wages
219,761211,978219,671227,862216,014
123B
Inspectors - Other Direct
53,86767,96852,20465,84344,803
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 & Wages34,789




126B
Pub. Safety All Other - Other Direct50,894




126C
Pub. Safety All Other - Construction





126D
Pub. Safety All Other - Purchase of P,P&E4,056




127ATRANSPORTraffic Engineering - Salaries & Wages




1,375
127BTATIONTraffic Engineering - Other Direct





127C
Traffic Engineering - Construction





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





128A
Streets and Highways - Salaries & Wages299,326257,285289,527281,048187,877653,764
128B
Streets and Highways - Other Direct538,353435,666435,527434,782425,923
128C
Streets and Highways - Construction





128D
Streets and Highways - Purchase of P,P&E100,77515,65226,80913,6255,195104,546
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 & Wages164,844159,948154,575147,141229,662247,541
130B
Powell Bill - Other Direct29,82536,00446,813369,085173,815327,481
130C
Powell Bill - Construction211,556424,996195,06978,658135,259100,872
130D
Powell Bill - Purchase of P,P&E




172,408
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 & Wages52,58845,16643,95736,122

134B
Airport - Other Direct359,365233,834249,997191,93854,53361,762
134C
Airport - Construction299,8961,859,8501,530,862
210,526295,524
134D
Airport - Purchase of P,P&E


530,134

135A
Transpor. All Other - Salaries & Wages317,028




135B
Transpor. All Other - Other Direct113,404




135C
Transpor. All Other - Construction





135D
Transpor. All Other - Purchase of P,P&E3,230




136AENVIRONSolid Waste - Salaries & Wages713,574713,175690,012606,515616,440786,829
136BMENTALSolid Waste - Other Direct563,723505,770534,596504,626461,305415,409
136CPROTECTIONSolid Waste - Construction





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

42,399
8,164621,315
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 & Wages
257,535259,828466,841203,954179,891
140B& PHYSICALPlanning & Zoning - Other Direct
77,983166,006231,72598,524106,374
140CDEVELOPPlanning & Zoning - Construction





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


21,376

141A
Economic Development - Salaries & Wages


37,22033,549
141B
Economic Development - Other Direct
202,796185,53538,249109,447786
141C
Economic Development - Construction


11,089149,682
141D
Economic Development - Purchase of P,P&E



6,383
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 & Wages271,100340,211351,826313,184319,818224,764
143B
Housing & Urban Renewal - Other Direct875,933742,838853,299716,8891,276,6061,036,541
143C
Housing & Urban Renewal - Construction75,102227,434714,358588,964439,11556,895
143D
Housing & Urban Renewal - Purchase of P,P&E166,604
18,381284,449260,947240,167
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



143,30598,734
145C
Econ. Dev. All Other - Construction





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



55,000
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 & Wages1,205,0651,203,5111,231,0211,221,6861,226,3941,324,048
153BRECREATIONRecreation & Parks - Other Direct640,734675,411595,053600,218504,316486,333
153C
Recreation & Parks - Construction





153D
Recreation & Parks - Purchase of P,P&E236,88563,88665,51544,82125,06675,090
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 & Wages1,256,1521,791,6891,834,9511,561,9371,746,7501,642,997
158B
Water & Sewer - Other Direct 2,780,9703,596,3132,654,4862,045,0442,240,9851,588,486
158C
Water & Sewer - Construction1,720,1072,869,7756,658,5122,645,181

158D
Water & Sewer - Purchase of P,P&E1,305,499512,393435,8361,954,4651,479,6261,196,597
159A
Electric Power - Salaries & Wages495,005643,753684,299547,106656,662678,095
159B
Electric Power - Other Direct15,904,05914,359,52814,480,71014,233,11013,819,17213,338,202
159C
Electric Power - Construction3,334,993377,2342,015,997166,259

159D
Electric Power - Purchase of P,P&E289,042472,794260,665593,747923,9422,126,567
160A
Natural Gas - Salaries & Wages608,552961,7481,005,200903,212991,061538,548
160B
Natural Gas - Other Direct9,198,87210,841,61714,207,86915,864,60114,056,00432,189,662
160C
Natural Gas - Construction532,565125,06635,0421,103,822

160D
Natural Gas - Purchase of P,P&E424,80550,497204,625226,831314,170539,981
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 & Fees943,986558,071638,303528,430583,571602,736
161DSERVICEWater & Sewer - Principal1,770,4741,675,9991,665,0911,320,1841,299,5481,480,330
162B
Electric - Interest & Fees268,473283,699153,956200,011313,961320,746
162D
Electric - Principal465,314444,843411,908443,442430,672391,267
163B
Gas - Interest & Fees241,774228,148235,421229,317247,586275,276
163D
Gas - Principal610,674562,972545,823774,824772,856755,096
164B
School - Interest & Fees





164D
School - Principal





165B
Hospital - Interest & Fees





165D
Hospital - Principal





166B
All Other - Interest & Fees103,53194,64981,425136,335
193,084
166D
All Other - Principal694,926868,965924,6311,123,918
1,019,217
167BPENSIONDirect Benefit Program - Other Direct





168BFRINGEFringe Benefits Unallocated
333,356343,130263,965279,743258,016
169B
Separation Allowance - Law Enforcement79,99774,133102,30275,73681,704101,339
170B
Separation Allowance - Other Employees





171B
Supplemental Retirement - Law Enforcement157,722150,593175,01776,71488,71480,462
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 vehicles7,114,277.7,095,423.006,858,366.006,395,930.006,388,393.006,032,786.00
180.0
Current year's levy -- Motor vehicles (only)521,042.545,266.00608,108.00620,306.00624,062.00689,758.00
181.0PART 6Uncollected Taxes - Current Year's Levy Except Mot Veh159,086.162,824.00211,836.00166,930.00550,602.00149,712.00
182.0OTHERUncollected Taxes - CY Levy -Motor Vehicles73,31079,64699,194100,227107,428106,001
183.0DATAPercentage of Taxes Collected - All Property %96.9696.8395.8396.1990.6296.20
184.0DATAPercentage of Taxes Collected - Exclude Motor Vehicles%97.7697.7196.9197.3991.3897.52
185.0
Percentage of Taxes Collected - Motor Vehicles %85.9385.3983.6983.8482.7984.63
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 Other24,587,11928,415,56522,262,05126,163,62223,127,75522,706,794
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 Revenues66,700,26374,369,76670,811,95771,272,61867,954,91380,928,804
194BFISCALAmount - Subtract Refunding Bond Proceeds





194CSUMMARYAmount - Subtract Interfund Transfers In3,684,5004,542,4073,294,6112,680,9667,275,8774,865,340
194D
Amount - Net Revenues63,015,76369,827,35967,517,34668,591,65260,679,03676,063,464


Calculated amount63,015,76369,827,35967,517,34668,591,65260,679,03676,063,464


Amounts in AGREEMENT??YesYesYesYesYesYes


Difference





195A
Amount - Total Expenditures69,046,48367,910,40074,451,78070,201,11466,892,94782,957,293
195B
Amount - Subtract Pymts. to Refunded Debt Agent





195C
Amount - Subtract Interfund Transfers Out3,684,5004,542,4073,294,6112,680,9667,275,8774,865,340
195D
Amount - Net Expenditures65,361,98363,367,99371,157,16967,520,14859,617,07078,091,953


Calculated amount65,361,98363,367,99371,157,16967,520,14859,617,07078,091,953


Amounts in AGREEMENT??YesYesYesYesYesYes


Difference














401APart 10Number of residential accounts billed Water



20,863
401BWater /Number of residential accounts billed Sewer



20,863
402ASewer Amount processed and/or purchased in units Water1,5781,4821,4511,751,1741,828,860
402BOperationsAmount processed and/or purchased in units Sewer823825841930,3011,009,530
403A
Total amount billed in units - Water1,3181,1181,2511,473,3841,484,048
403B
Total amount billed in units - Sewer664580689732,528736,969
404A
Of the total in 403A above how many units were Residential W4473914461,260,720

404B
Of the total in 403B above how many units were Residential S344298352687,336

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



194,365
405B
Of the total in 403 above, how many units were Outside Muni S



45,612
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



151,230
407B
Of the total in 403B how many unit were delivered in bulk





408A
Dollars related to 403A above3,740,8343,205,1823,532,4553,535,6423,278,137
408B
Dollars related to 403B above4,333,7453,859,5144,324,3354,007,0963,679,145
409A
Dollars related to 404A above1,884,2181,663,6811,681,1603,025,318

409B
Dollars related to 404B above2,496,8452,219,0642,248,1093,759,885

410A
Dollars related to 405A above



456,689
410B
Dollars related to 405B above



271,634
411A
Dollars related to 406A above





411B
Dollars related to 406B above





412A
Dollars related to 407A above



275,537
412B
Dollars related to 407B above





421A
Number of residential accounts billed - Water8,0708,0398,0228,614

421B
Number of residential accounts billed - Sewer6,6896,6556,6357,101

422A
Number of non-residential & bulk accounts billed - Water1,5171,5621,5321,434

422B
Number of non-residential & bulk accounts billed - Sewer1,1511,2111,1891,181

423A
Estimated percentage of accounts outside of municipal limits
































950.0
OfficialJustin Merritt

951.0
TitleFinance Director

952.0
Date03/20/201203/30/201103/04/201003/25/200904/17/200703/23/2007
953.0
ContactJustin Merritt

954.0
TitleFinance Director

955.0
Phone704-484-6834




956.0
Fax





957.0
E-Mail:


















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Key Ratios and Operations Statistics of Water and Sewer Systems for



City of Shelby













201120102009200820072006








Population
20,35820,79320,80820,74520,86320,876
Population Group
Electric 10,000 and AboveElectric 10,000 and AboveElectric 10,000 and AboveElectric 10,000 and AboveElectric 10,000 and AboveElectric 10,000 and Above
Total Operating Revenues
$8,393,8877,300,5127,401,7857,227,0277,131,7766,959,718
Total Operating Revenues Per Capita
$412351356348342333
Group Weighted Average Revenues Per Capita452418375379387374
State Weighted Average Revenues Per Capita404384353365367356








% to Total Operating Revenues






Operating Expenses
76.67%84.50%87.53%80.00%74.56%73.38%
Group Weighted Average
85.07%91.85%92.75%84.06%79.65%80.09%
State Weighted Average
82.59%85.08%89.86%86.70%82.47%81.57%








Operating Margin
23.33%15.50%12.47%20.00%25.44%26.62%
Group Weighted Average
14.93%8.15%7.25%15.94%20.35%19.91%
State Weighted Average
17.41%14.92%10.14%13.30%17.53%18.43%








Operating Transfers In
0.00%0.21%0.00%0.00%0.00%14.15%
Group Weighted Average
1.63%0.73%1.07%2.22%0.96%1.05%
State Weighted Average
0.85%1.71%1.26%1.45%1.20%1.83%








Operating Transfers Out
0.00%0.21%0.00%0.00%0.00%0.00%
Group Weighted Average
3.31%2.67%2.58%5.01%3.50%2.45%
State Weighted Average
1.89%1.79%2.55%3.08%1.94%2.63%








Net Income before capital contributions
14.14%8.85%5.40%15.49%25.17%33.60%
Group Weighted Average
8.95%3.85%0.44%11.93%16.08%2.47%
State Weighted Average
8.52%7.13%-10.44%7.19%11.65%9.59%








Key Ratios and Cash Flow














Quick Ratio
1.531.800.501.762.082.06
Group Weighted Average
4.143.893.313.283.433.14
State Weighted Average
3.483.202.812.962.902.82








Days Sales in Receivables
52.656.645.949.764.264.1
Group Weighted Average
49.151.658.652.256.752.4
State Weighted Average
54.458.958.655.260.057.8








Days Cash on Hand
246.0332.58.1384.0269.5218.7
Group Weighted Average
427.6409.9305.0362.9376.2349.0
State Weighted Average
505.4465.8424.9457.2497.5457.2








Cash flow from Operations
$4,275,1341,488,6183,080,8323,158,5243,146,1392,946,268








Debt to Equity
0.510.590.440.520.490.55
Group Weighted Average
0.290.290.320.350.450.48
State Weighted Average
0.600.600.570.560.560.52








Debt per Capita
9661,014717795720760
Group Weighted Average
646627846873845884
State Weighted Average
1,2821,2531,1291,1391,101988








Capital Expenditures:
201120102009200820072006


$3,025,6063,382,1687,094,3484,599,6461,479,6261,196,597










2005200420032002



$2,054,5222,134,8685,907,8001,161,642









Capital Contributions: Excluded from income above
$1,678,635954,6211,670,001000
















Operating Statistics














Estimated population of the areas served Water000020,863NA
Estimated population of the areas served Sewer000020,863NA








Number of Gallons of Water Processed (000) omitted1,5781,4821,4511,751,1741,828,860NA
Number of Gallons of Sewage Processed (000) omitted823825841930,3011,009,530NA








Number of Gallons of Water Billed (000) omitted1,3181,1181,2511,473,3841,484,048NA
Number of Gallons of Sewage Billed (000) omitted664580689732,528736,969NA








Ratio of Water Billed to Water Processed0.835520.754390.862160.841370.81146NA
Ratio of Sewage Billed to Sewage Processed0.806910.703030.819260.787410.73001NA








Total Revenue from Water Sales3,740,8343,205,1823,532,4553,535,6423,278,137NA
Total Revenue from Sewage Sales4,333,7453,859,5144,324,3354,007,0963,679,145NA








Water Revenue per 1000 gallons of Sales




157.12683NA
Sewage Revenue per 1000 gallons of Sales




176.34784NA








Group Average Sales per thousand Gallons Water$0.00019$0.01246$4.86341$7.69779$0.85985NA
Group Average Sales per thousand Gallons Sewage$0.00019$0.02977$6.22714$9.61699$1.05651NA








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$4,212.425674,254.938623,769.417042.39967
NA
Residential Sewage Sales per thousand Gallons$7,250.471887,446.523496,386.673305.47023
NA








Water Sales per thousand Gallons outside Municipal Limits



2.34965NA
Sewage Sales per thousand Gallons outside Municipal Limits



5.95532NA








Total Water Sales per thousand gallons for Redistribution$0.000000.000000.000000.00000275,537.00000NA
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




City of Shelby













201120102009200820072006








Population
20,35820,79320,80820,74520,86320,876
Power Agency Group
N.C. Municipal Power Agency Number 1
Total Operating Revenues
$18,659,49117,591,31317,397,79917,333,31316,906,66915,529,360
Group Weighted Average
24,946,15623,064,70722,030,75722,254,71621,085,16320,184,548








% to Total Operating Revenues






Power Purchases
77.6%86.7%82.9%73.0%80.9%76.0%
Group Weighted Average
79.2%79.8%80.1%78.3%79.0%81.9%








Other Operating Expenses
16.9%8.3%8.1%17.1%7.2%17.3%
Group Weighted Average
15.7%16.2%18.2%17.1%17.6%17.5%








Operating Margin
5.6%5.0%9.0%9.9%11.9%6.7%
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
2.9%3.0%3.1%2.7%2.8%11.4%
Group Weighted Average Out
2.2%2.3%3.0%2.7%2.4%2.4%








Net Income
1.5%0.7%5.8%8.2%12.1%-4.8%
Group Weighted Average
3.4%1.8%-1.2%3.5%4.9%-0.2%








Key Ratios and Cash Flow














Quick Ratio
2.03.23.93.53.12.6
Group Weighted Average
4.23.73.93.84.14.0








Coverage Ratio
1.061.051.111.151.180.97
Group Weighted Average
1.061.051.021.081.071.02








Days Sales in Receivables
54.454.548.246.544.239.2
Group Weighted Average
37.839.636.436.836.333.2








Days Cash on Hand
63.9122.9129.8145.6123.0111.9
Group Weighted Average
122.0112.3109.5118.3114.5127.6








Cash flow from Operations
$2,098,1121,581,8131,082,4132,171,0352,060,6051,326,373








Capital Expenditures:
$3,025,6063,382,1687,094,3484,599,6461,479,6261,196,597


















201120102009200820072006
Capital Contributions: Excluded from Income Above
$1,036,347242,404696,085000








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


3.52%3.51%3.41%3.10%3.36%3.46%










200520042003200220012000


0.80%0.49%0.43%0.44%0.42%0.69%








Gross Electric Fund Assets as Cost
$26,677,79023,053,75521,748,29819,339,85718,509,25317,308,660
Estimated Tax Loss from Municipal Ownership of Utility
$116,048$100,28494,60584,12877,73972,696
Tax Rate Equivalent
0.00700.00590.00550.00520.00510.0049








Operating Transfers to the General Fund as a % of Gross Fixed Assets
2.00%2.32%2.46%2.46%2.57%2.74%








Operating Transfers to the General Fund as a Tax Rate Equivalent
0.03200.03170.03130.02950.03120.0320








Tax Rate Adjusted for Assessed to Sales Ratio
0.42200.42420.42560.36770.38730.3883








Tax Rate Adjusted Excluding Transfers
0.45410.45590.45690.39710.41850.4203








Weighted Average Group Rate Adjusted
0.44680.42300.39110.39380.40150.4080








Weighted Average Non Electric Adjusted Rate
0.42630.41910.40070.41070.43090.4353




Financial Graphs and Comparisons


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Analysis of Available Fund Balance:  General Fund

20072008200920102011
Unit's FBA %21.68%25.04%27.01%23.86%24.51%
Group average FBA %37.01%38.69%39.96%38.21%37.85%
State average Electric/Non Electric Group FBA %33.92%35.32%34.32%33.60%34.72%
State average FBA %36.54%36.34%37.01%37.47%39.53%






Municipal Population Group: Electric 10,000 to 49,999

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Analysis of Property Tax

20072008200920102011
Municipality90.62%96.19%95.83%96.83%96.96%
Pop. Group96.51%96.79%96.54%96.75%96.78%
Statewide97.58%97.56%97.34%97.35%97.42%






Municipal Population Group: Electric 10,000 to 49,999






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Analysis of General Obligation Debt

20072008200920102011
Municipality150000
Pop. Group166153130132111
Statewide478456455449450






Municipal Population Group: 10,000 to 24,999






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Analysis of Revenue

20072008200920102011
Property Tax$308332377368372
Utility2,0622,1932,1952,0472,040
Sales Tax142142134127135
Sales & Services4760676773
Intergovernmental219267308256384
Debt Proceeds2222010344547
Other Miscellaneous10892614844
Total$2,9083,3063,2453,3583,095

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Analysis of Revenue for Fiscal 2011











2011
2011
CategoryRevenue
Per Capita
Property Tax$7,577,457
$372
Water/Sewer8,393,887
412
Electric18,659,491
917
Other Utilities14,485,736
712
Sales Tax2,732,493
135
Sales & Services1,484,585
73
Intergovernment7,819,607
384
Debt Proceeds965,726
47
Miscellaneous896,781
44
Total$63,015,763
$3,095





Municipal Population Group: 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$5,359,545
$265
Water/Sewer7,062,728
347
Electric20,023,099
984
Other Utilities10,764,794
529
Debt Service5,099,152
250
Transportation2,490,190
122
Public Safety9,813,755
482
Other4,748,720
233
Total$65,361,983
$3,211





Municipal Population Group: 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$15,528,190
$763
Water/Sewer Capital3,025,606
149
Electric Capital3,624,035
178
Other Capital2,865,064
141
Other Operating40,319,088
1,981
Total$65,361,983
$3,211





Municipal Population Group: Electric 10,000 to 49,999






Last Updated 6/15/2012 11:34:40 AM