North Carolina
Department of State Treasurer
Financial Information
Town of Spencer



Financial Profile | General Fund | Enterprise Funds | Cash, Investments and Financing
Annual Financial Information Report Detail
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$1,255,845 $1,292,647 $1,278,643 $1,244,639 $1,089,160 $1,041,542


Utility - - - - - -


Sales Tax 509,307 498,212 526,617 579,207 573,971 542,999


Sales & Services 373,851 389,341 401,451 349,853 356,122 323,550


Intergovernmental 290,396 299,137 304,183 307,393 290,459 339,378


Debt Proceeds - 385,000 - 419,000 - -


Other Miscellaneous 71,029 58,283 68,273 107,628 122,678 91,830


Total$2,500,428 2,922,620 2,579,167 3,007,720 2,432,390 2,339,299










Expenditures by Function







Utility$0 - - - - -


Debt Service 287,504 230,146 318,301 241,347 200,244 195,451


Transportation 435,506 603,594 393,052 376,591 457,158 686,785


General Government 324,853 319,109 324,771 292,108 285,458 269,666


Public Safety 901,158 955,235 1,312,789 952,099 824,787 877,426


Other 644,940 624,558 419,595 429,630 427,925 386,741


Total$2,593,961 2,732,642 2,768,508 2,291,775 2,195,572 2,416,069










Expenditures by Object







Salaries & Wages$1,464,499 1,396,563 1,436,454 1,347,882 1,267,966 1,251,601


Capital Outlay 288,518 497,195 - 124,357 169,800 440,455


Other Operating + Debt Service 840,944 838,884 1,332,054 819,536 757,806 724,013


Total$2,593,961 2,732,642 2,768,508 2,291,775 2,195,572 2,416,069



















Per Capita Revenues by Source







Property Tax$384 371 371 364 321 307


Utility - - - - - -


Sales Tax 155 143 153 169 168 160


Sales & Services 114 112 116 102 105 95


Intergovernmental 89 86 88 90 86 100


Debt Proceeds - 111 - 123 - -


Other Miscellaneous 22 17 20 32 36 27


Total$764 840 748 880 716 689










Per Capita Expenditures by Function







Utility$0 - - - - -


Debt Service 88 66 92 71 59 58


Transportation 133 173 114 110 135 202


General Government 100 93 94 85 84 79


Public Safety 275 274 381 279 243 259


Other 197 179 122 126 126 114


Total$793 785 803 671 647 712










Per Capita Expenditures by Object







Salaries & Wages$448 401 417 395 373 369


Capital Outlay 88 143 - 36 50 130


Other Operating 257 241 386 240 224 213


Total$793 785 803 671 647 712










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 Spencer Population 3,272 3,481 3,448 3,416 3,396 3,394

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$2,500,428 2,537,499 2,579,167 2,588,720 2,432,390 2,339,299

General Fund expenditures 2,400,489 2,522,808 2,768,508 2,291,775 2,195,572 2,416,069

Operating transfers in 270,370 - - - - -

Operating transfers out 145,939 142,616 - - - -

Capital leases and installment purchase proceeds - - - 419,000 - -

Other items - - - - - -

Excess of revenues and other sources over (under) expenditures and other uses 224,370 (127,925) (189,341) 715,945 236,818 (76,770)










Fund balance available (FBA):







In dollars$1,667,920 1,379,011 1,577,922 1,748,276 1,004,184 785,011


FBA as a % of GF Net Expenditures:







Unit's FBA %65.5051.7457.0093.3545.7432.49


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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None













Combined financial results:







Working capital







Quick ratio







Net income







Cashflow from operations







Depreciation & Amortization Expense































Cash, Investments and Financing
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201120102009200820072006











Population at July 1st of the Previous Year3,2723,4813,4483,4163,3963,394


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$1,745,422 $1,831,271 $1,635,338 $1,816,053 $1,143,801 $838,486


Investment Earnings7,435 7,234 16,331 46,689 45,865 29,061


Tax Rate Equivalent0.00350.00340.00780.02240.02470.0164


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 200720072007200720032003


January 1, Prior Year Assessed Valuation$211,298,105 211,751,863 210,530,619 208,487,832 185,920,381 177,424,832


Tax Rate0.60000.60000.60000.60000.58000.5800


Tax Rate Group weighted average0.27780.25520.26970.26690.31160.3191


Tax Rate State Wide0.41220.40900.42620.42380.44500.4321


Assessment -to-Sales Ratio104.6097.7696.7299.7894.9098.39


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$202,005,837 216,603,788 217,670,202 208,947,517 195,911,887 180,328,115


EffectiveTax Rate0.62760.58660.58030.59870.55040.5707


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 Collected95.230095.410094.570096.820095.710095.9000


Percent Collected Group weighted average96.6795.4095.4195.8196.7096.72


Percent Collected Statewide97.4297.3597.3497.5697.5897.55


Percent Collected Excluding Motor Vehicles96.0796.3395.5297.9597.0697.12


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 83.8383.9483.2785.0683.2785.07


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 Uncollected134,241 137,066 155,736 131,131 134,526 131,978


Tax Rate Equivalent0.06350.06470.07400.06290.07240.0744


Dominant County: Rowan






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$510,000 565,000 620,000 670,000 715,000 765,000


General Government GO Debt0 0 0 0 0 0


Total General Obligation Debt510,000 565,000 620,000 670,000 715,000 765,000


Per Capita$156 162 180 196 211 225


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 Sales0.2525%0.2608%0.2848%0.3207%0.3650%0.4242%


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$0 0 0 0 0 0


--General Government662,162 758,055 430,448 487,841 545,235 602,628


Total*$662,162 758,055 430,448 487,841 545,235 602,628


* 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 Changes3,2723,4813,4483,4163,3963,394









1.5AFISCAL Governmental Activities Assets5,077,6165,190,3894,699,8514,649,0384,134,6203,915,104
1.5BSUMMARYGovernmental Activities Liabilities1,636,7581,821,2321,519,4341,689,7241,494,3861,532,718
3.5A
Business Type Activities Assets





3.5B
Business Type Activities Liabilties





6.5A
Fiduciary Funds Assets





6.5B
Fiduciary Funds Liabilties





10.0PART 2Current Collections of Unit -Wide Levy1,185,7431,211,0821,231,6971,202,7711,034,6871,000,892
11.0TAXCurrent Collections of Special Tax Districts





12.0REVENUESPrior Years' Levy Collections59,81570,51038,80032,74044,39732,282
13.0
Penalties and Interest10,28711,0558,1469,12810,0768,368
14.0
Collections of Taxes Previously Written Off





15.0
Animal Tax4547



15.1
Solid Waste Disposal Tax2,3312,387



16.0
1% Local Government Option Sales Tax184,516177,523185,825200,460194,726198,180
17.0
1/2% Local Government Option Sales Tax (40)118,832117,794125,349137,846138,428123,394
18.0
1/2% Local Government Option Sales Tax (42)91,31697,142124,453137,014137,633122,703
18.5
1/2% Local Government Option Sales Tax (44)114,643105,75390,990103,887103,18498,722
19.0
Privilege Licenses40,6642,7292,7852,5283,0373,046
19.2
Privilege -- All other privileges and pemits





20.0
Auto Licenses





21.0
Vehicle Tax for Public Transportation





22.0
Other Licenses



11,41811,542
23.0
Local Occupancy Tax





24.0
Prepared Food Tax





25.0
911 Charges





26.0
Gross Short Term lease and Rental Tax





27.0FEDERALPayments In Lieu of Taxes - Federal





28.0INTERGOVEquitable Sharing of Fed. Forfeited Prop.
1,500
3,162
933
29.0REVENUESGeneral Government





30.0
Public Safety




64,026
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 Tax2,4922,2716,3854,6734,3032,167
41.0REVENUESTransitional Hold Harmless





42.0
Wireless Enhanced 911 Service Charges





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





42.2
ETSF Interest Income





43.0
Piped Natural Gas Charge Distribution





44.0
Utility Franchise Tax149,103156,590146,997148,472132,700122,279
45.0
Beer and Wine Tax15,3424,91815,34115,64315,33614,947
46.0
Powell Bill103,876102,508115,134128,583115,479116,326
50.0
Court Fees - Facilities and Arrest Fees1,8452,9522,931


51.0
General Government
10,903



52.0
Public Safety17,73817,39517,3956,86022,641
53.0
Transportation - Streets





54.0
Transportation - All Other





55.0
Environmental Protection





56.0
Econ. & Phys. Dev. - Housing/Community Dev





57.0
Econ. & Phys. Dev. - All Other





58.0
Human Services -Health, Mental Health, Hosp





59.0
Human Services - All Other





60.0
Culture and Recreation
100



61.0LOCALPayments in Lieu of Taxes - Local





62.0INTERGOVGeneral Government





63.0REVENUESPublic Safety





64.0
Transportation - Streets




18,700
65.0
Transportation - All Other





66.0
Environmental Protection





67.0
Economic and Physical Development





68.0
Human Services - Health, Mental Hlt & Hosp





69.0
Human Services - All Other





70.0
Culture and Recreation





71.0PERMITS Building Permits1,4202,1678,509


72.0& FEESInspection Fees





72.1
Amusements licensing and permit taxes





73.0
Other Permits


8,0024,9748,805
74.0SALES &Parking Revenues





75.0SERVICESRents and Royalties





76.0
Airport





77.0
Fire Protection Charges
2,925



78.0
Solid Waste220,949225,543219,645181,143185,362150,246
79.0
Ambulance and Rescue Squad Charges4,0201,095



80.0
Cemeteries





81.0
Recreation Service Revenues





82.0
Library Service Revenues100250



83.0
Other Cultural and Rec Service Revenues





84.0
Mass Transit - City Operated





85.0
Other Sales and Services148,782159,528181,806168,710170,760173,304
86.0UTILITYWater and Sewer Charges





87.0REVENUESElectric Charges





88.0
Gas Charges





88.1
Storm Water Fees





89.0MISC.Investment Earnings - Bond Proceeds





90.0REVENUESInvestment Earnings - All Other Funds7,4357,23416,33146,68945,86529,061
91.0
Special Assessments





92.0
Private Contributions and Donations8302,40022,9866,42211,72015,222
93.0
Sales of Materials and Fixed Assets8,16220,715
1,550

94.0
Sale of Real Property




21,052
95.0
Nongovt Contr For Streets & Traffic Signals





96.0
ABC Mixed Drink Surcharge





97.0
ABC Profit Distribution3,55610,9631,934701421
98.0
Other Miscellaneous Revenues6,5869,64115,72841,73645,2433,102
99.0
Proceeds of Sale of Bonds and Notes





100.0
Proceeds of Capital Leases/Install Purchases
385,000
419,000

101.0
Other





102.0NON-REVSchool - Current Levy Collections





103.0RECEIPTSPrior Years' Levy Collections





104.0
Tax Collections for Other Units





105.0
Utilities Customer's Deposits





106.0
Deposits Other than Utility





107.0
Prepaid Taxes





108.0
Prepaid Privilege Licenses





109APART 4Governing Body - Salaries & Wages16,86517,22417,22412,91812,91814,818
109BGENERALGoverning Body - Other Direct24,37637,29543,84724,60925,75831,760
109CGOVTGoverning Body - Construction





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





110A
Administration - Salaries & Wages204,605190,970186,122178,153172,878145,780
110B
Administration - Other Direct79,00773,62077,57871,12673,90474,655
110C
Administration - Construction





110D
Administration - Purchase of P,P&E


5,302
2,653
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





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





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 Wages597,769605,258626,661593,853558,201560,030
119BSAFETYPolice & Comm - Traffic Control - Other Direct121,225133,277113,755114,402116,419113,058
119C
Police & Comm - Traffic Control - Construction





119D
Police & Comm - Traffic Control - Purchase of P,P&E14,73046,717
94,41536,54949,416
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 & Wages82,78281,27977,65868,80139,19740,999
122B
Fire - Other Direct70,38468,378474,34061,03753,15541,547
122C
Fire - Construction





122D
Fire - Purchase of P,P&E




53,043
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 & Wages259,757233,851254,903234,736244,256240,948
128B
Streets and Highways - Other Direct119,685129,099138,149122,855107,817117,184
128C
Streets and Highways - Construction





128D
Streets and Highways - Purchase of P,P&E56,064240,644
19,000
328,653
129A
Street Cleaning - Salaries & Wages





129B
Street Cleaning - Other Direct





129C
Street Cleaning - Construction





129D
Street Cleaning - Purchase of P,P&E





130A
Powell Bill - Salaries & Wages





130B
Powell Bill - Other Direct



16,996
130C
Powell Bill - Construction



88,089
130D
Powell Bill - Purchase of P,P&E





131A
Parking Facilities - Salaries & Wages





131B
Parking Facilities - Other Direct





131C
Parking Facilities - Construction





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





132A
Mass Transit - City - Salaries & Wages





132B
Mass Transit - City - Other Direct





132C
Mass Transit - City - Construction





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





133B
Mass Transit - Private - Other Direct





134A
Airport - Salaries & Wages





134B
Airport - Other Direct





134C
Airport - Construction





134D
Airport - Purchase of P,P&E





135A
Transpor. All Other - Salaries & Wages





135B
Transpor. All Other - Other Direct





135C
Transpor. All Other - Construction





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





136AENVIRONSolid Waste - Salaries & Wages209,825183,991179,957164,211157,921159,009
136BMENTALSolid Waste - Other Direct91,98394,15178,226105,310103,73196,225
136CPROTECTIONSolid Waste - Construction





136D
Solid Waste - Purchase of P,P&E24,252


45,162
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 & Wages86,99683,99087,68588,16275,68881,412
140B& PHYSICALPlanning & Zoning - Other Direct11,96819,73935,62335,69812,21210,848
140CDEVELOPPlanning & Zoning - Construction





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





141A
Economic Development - Salaries & Wages





141B
Economic Development - Other Direct





141C
Economic Development - Construction





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





142A
Community Development - Salaries & Wages





142B
Community Development - Other Direct





142C
Community Development - Construction





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





143A
Housing & Urban Renewal - Salaries & Wages





143B
Housing & Urban Renewal - Other Direct





143C
Housing & Urban Renewal - Construction





143D
Housing & Urban Renewal - Purchase of P,P&E





144A
Special Empl Programs - Salaries & Wages





144B
Special Empl Programs - Other Direct





144C
Special Empl Programs - Construction





144D
Special Empl Programs - Purchase of P,P&E





145A
Econ. Dev. All Other - Salaries & Wages





145B
Econ. Dev. All Other - Other Direct





145C
Econ. Dev. All Other - Construction





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





146AHUMANHealth - Salaries & Wages





146BSERVICESHealth - Other Direct





146C
Health - Construction





146D
Health - Purchase of P,P&E





147A
Mental Health - Salaries & Wages





147B
Mental Health - Other Direct





147C
Mental Health - Construction





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





148A
Social Services - Salaries & Wages





148B
Social Services - Other Direct





148C
Social Services - Construction





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





149B
Hospital-City - Other Direct





150B
Hospital-Private - Other Direct





151A
Legal Aid - Salaries & Wages





151B
Legal Aid - Other Direct





151C
Legal Aid - Construction





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





152A
Human Serv. All Other - Salaries & Wages





152B
Human Serv. All Other - Other Direct





152C
Human Serv. All Other - Construction





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





153ACULTURE Recreation & Parks - Salaries & Wages





153BRECREATIONRecreation & Parks - Other Direct10,94815,44111,31813,75715,41312,260
153C
Recreation & Parks - Construction





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




6,690
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 & Wages5,900
6,2447,0486,9078,605
156B
Libraries - Other Direct9,59617,41220,5429,80410,89111,692
156C
Libraries - Construction193,472209,834



156D
Libraries - Purchase of P,P&E


5,640

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





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





157C
Cult. & Recr. All Other - Construction





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





158AUTILITYWater & Sewer - Salaries & Wages





158B
Water & Sewer - Other Direct





158C
Water & Sewer - Construction





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





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 & Fees





161DSERVICEWater & Sewer - Principal





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 & Fees287,50470,703242,782158,94075,80081,543
166D
All Other - Principal
159,44375,51982,407124,444113,908
167BPENSIONDirect Benefit Program - Other Direct





168BFRINGEFringe Benefits Unallocated





169B
Separation Allowance - Law Enforcement





170B
Separation Allowance - Other Employees





171B
Supplemental Retirement - Law Enforcement14,26820,32620,37519,59121,26619,333
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 vehicles1,180,358.1,172,248.001,209,741.001,124,123.00975,279.00930,487.00
180.0
Current year's levy -- Motor vehicles (only)87,898.94,075.00101,584.00108,056.00105,818.00105,193.00
181.0PART 6Uncollected Taxes - Current Year's Levy Except Mot Veh46,343.42,991.0054,152.0023,075.0028,708.0026,785.00
182.0OTHERUncollected Taxes - CY Levy -Motor Vehicles14,20915,11216,99416,14617,70315,701
183.0DATAPercentage of Taxes Collected - All Property %95.2395.4194.5796.8295.7195.90
184.0DATAPercentage of Taxes Collected - Exclude Motor Vehicles%96.0796.3395.5297.9597.0697.12
185.0
Percentage of Taxes Collected - Motor Vehicles %83.8383.9483.2785.0683.2785.07
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 Other1,745,4221,831,2711,635,3381,816,0531,143,801838,486
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 Revenues2,500,4282,922,6202,579,1673,007,7202,432,3902,339,299
194BFISCALAmount - Subtract Refunding Bond Proceeds





194CSUMMARYAmount - Subtract Interfund Transfers In





194D
Amount - Net Revenues2,500,4282,922,6202,579,1673,007,7202,432,3902,339,299


Calculated amount2,500,4282,922,6202,579,1673,007,7202,432,3902,339,299


Amounts in AGREEMENT??YesYesYesYesYesYes


Difference





195A
Amount - Total Expenditures2,593,9612,732,6422,768,5082,291,7752,195,5722,416,069
195B
Amount - Subtract Pymts. to Refunded Debt Agent





195C
Amount - Subtract Interfund Transfers Out





195D
Amount - Net Expenditures2,593,9612,732,6422,768,5082,291,7752,195,5722,416,069


Calculated amount2,593,9612,732,6422,768,5082,291,7752,195,5722,416,069


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 Sewer





403A
Total amount billed in units - Water





403B
Total amount billed in units - Sewer





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 S





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 above





409A
Dollars related to 404A above





409B
Dollars related to 404B above





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 - Sewer





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





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





423A
Estimated percentage of accounts outside of municipal limits
































950.0
OfficialLarry Smith

951.0
TitleTown Manager

952.0
Date11/30/201112/02/201011/12/200910/28/200811/05/200711/01/2006
953.0
ContactBrent H Parks

954.0
TitleCPA

955.0
Phone704-633-8700




956.0
Fax704-637-5700




957.0
E-Mail:


















Financial Graphs and Comparisons


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

20072008200920102011
Unit's FBA %45.74%93.35%57.00%51.74%65.50%
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

Go to top of page
Analysis of Property Tax

20072008200920102011
Municipality95.71%96.82%94.57%95.41%95.23%
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






Go to top of page
Analysis of General Obligation Debt

20072008200920102011
Municipality211196180162156
Pop. Group149152158107113
Statewide478456455449450






Municipal Population Group: 2,500 to 4,999






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Analysis of Revenue

20072008200920102011
Property Tax$321364371371384
Utility00000
Sales Tax168169153143155
Sales & Services105102116112114
Intergovernmental8690888689
Debt Proceeds012301110
Other Miscellaneous3632201722
Total$716880748840764

Go to top of page
Analysis of Revenue for Fiscal 2011











2011
2011
CategoryRevenue
Per Capita
Property Tax$1,255,845
$384
Water/Sewer0
0
Electric0
0
Utility0
0
Sales Tax509,307
155
Sales & Services373,851
114
Intergovernment290,396
89
Debt Proceeds0
0
Miscellaneous71,029
22
Total$2,500,428
$764





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





Go to top of page
Analysis of Expenditures by Function for Fiscal 2011











2011
2011
CategoryExpenditures
Per Capita
General Government$324,853
$100
Water/Sewer0
0
Electric0
0
Utilities0
0
Debt Service287,504
88
Transportation435,506
133
Public Safety901,158
275
Other644,940
197
Total$2,593,961
$793





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$1,464,499
$448
Water/Sewer Capital0
0
Electric Capital0
0
Capital Outlay288,518
88
Other Operating840,944
257
Total$2,593,961
$793





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






Last Updated 6/15/2012 11:35:34 AM