North Carolina
Department of State Treasurer
Financial Information
Town of Taylorsville



Financial Profile | General Fund | Enterprise Funds | Cash, Investments and Financing
Annual Financial Information Report Detail | Water/Sewer Information
Financial Graphs and Comparisons
Download Excel 97 Version of Financial Summary

Institute of Government North Carolina Cities Web Site

Go to North Carolina County and Municipal Financial Information Home Page
Go to Alexander County Map Page



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$651,137 $635,969 $636,712 $652,719 $565,118 $571,185


Utility 1,668,213 1,672,266 1,525,526 1,391,903 1,272,242 1,266,539


Sales Tax 230,520 249,803 352,587 396,332 385,394 369,285


Sales & Services 51,720 59,483 54,768 53,136 58,927 68,092


Intergovernmental 1,539,620 1,358,499 349,825 447,479 1,013,132 648,116


Debt Proceeds 159,513 446,067 948,747 - - 1,624,577


Other Miscellaneous 312,799 194,066 236,280 149,705 185,725 184,026


Total$4,613,522 4,616,153 4,104,445 3,091,274 3,480,538 4,731,820










Expenditures by Function







Utility$2,723,653 2,837,899 1,451,551 1,063,094 872,651 1,930,750


Debt Service 234,931 197,576 360,906 140,822 133,616 471,863


Transportation 416,875 430,704 539,916 547,830 576,778 343,961


General Government 396,799 204,886 211,774 208,810 154,086 209,682


Public Safety 820,979 761,224 944,582 788,370 767,651 688,872


Other 125,781 103,667 95,613 567,947 953,813 35,482


Total$4,719,018 4,535,956 3,604,342 3,316,873 3,458,595 3,680,610










Expenditures by Object







Salaries & Wages$722,611 739,362 790,247 713,869 679,470 1,120,334


Capital Outlay 1,655,684 1,762,355 642,287 866,077 1,184,019 1,110,797


Other Operating + Debt Service 2,340,723 2,034,239 2,171,808 1,736,927 1,595,106 1,449,479


Total$4,719,018 4,535,956 3,604,342 3,316,873 3,458,595 3,680,610



















Per Capita Revenues by Source







Property Tax$309 329 330 330 287 296


Utility 791 866 790 705 646 656


Sales Tax 110 129 182 200 196 192


Sales & Services 25 31 28 27 30 35


Intergovernmental 730 704 181 227 515 336


Debt Proceeds 76 231 491 - - 842


Other Miscellaneous 148 101 122 76 94 95


Total$2,189 2,391 2,124 1,565 1,768 2,452










Per Capita Expenditures by Function







Utility$1,292 1,470 751 538 443 1,000


Debt Service 111 102 187 71 68 244


Transportation 198 223 279 277 293 178


General Government 189 106 111 106 79 110


Public Safety 389 394 489 399 390 357


Other 60 54 49 288 484 18


Total$2,239 2,349 1,866 1,679 1,757 1,907










Per Capita Expenditures by Object







Salaries & Wages$343 383 409 361 345 580


Capital Outlay 785 913 332 439 601 576


Other Operating 1,111 1,053 1,125 879 811 751


Total$2,239 2,349 1,866 1,679 1,757 1,907










Population GroupNo Electric 1,000 to 2,499 No Electric 1,000 to 2,499 No Electric 1,000 to 2,499 No Electric 1,000 to 2,499 No Electric 1,000 to 2,499 No Electric 1,000 to 2,499


Number of Municipalites in Group 103 96 100 101 101 103


Average Population In Group 1,619 1,660 1,652 1,661 1,642 1,638


Town of Taylorsville Population 2,108 1,931 1,932 1,975 1,969 1,930

Group Average Per Capita Revenues by Source







Property Tax 449 410422406369348


Utility 479 421427415423391


Sales Tax 160 151177199195179


Sales & Services 110 8784827672


Intergovernmental 271 238239222221246


Debt Proceeds 41 747512969170


Other Miscellaneous 139 106146192196160


Total 1,649 1,4871,5701,6451,5491,566










Group Average Per Capita Expenditures by Function







Utility 497 492531572461487


Debt Service 154 127154126110108


Transportation 145 141148140142131


General Government 241 202216265201222


Public Safety 397 345350384346326


Other 207 178201203206205


Total 1,641 1,4851,6001,6901,4661,479










Group Average Per Capita Expenditures by Object







Salaries & Wages 537 462480450427402


Capital Outlay 258 255302483305373


Other Operating 846 768818757733704


Total 1,641 1,4851,6001,6901,4651,479


















General Fund
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201120102009200820072006

General Fund revenues$1,634,156 1,511,804 1,556,600 1,606,935 1,565,033 1,372,546

General Fund expenditures 1,799,565 1,533,038 1,986,819 1,614,065 1,572,177 1,323,953

Operating transfers in - - - - - 60,000

Operating transfers out - - - - - -

Capital leases and installment purchase proceeds - - 298,747 154,000 - -

Other items - - - - - -

Excess of revenues and other sources over (under) expenditures and other uses (165,409) (21,234) (131,472) 146,870 (7,144) 108,593










Fund balance available (FBA):







In dollars$540,650 696,683 730,975 876,807 647,346 671,801


FBA as a % of GF Net Expenditures:







Unit's FBA %30.0445.4443.3060.0541.1850.74


Group weighted average FBA %64.1466.7966.0562.4565.4864.58


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$1,111,618 1,043,810 315,161 434,422 555,952 479,702


Quick ratio6.11 5.60 2.70 11.79 4.18 2.67


Net income1,016,103 1,039,364 15,547 180,354 789,125 583,412


Cashflow from operations(72,815)287,864 366,954 335,606 393,754 487,386


Depreciation & Amortization Expense330,577 308,339 307,428 306,165 281,243 253,581


























Cash, Investments and Financing
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201120102009200820072006











Population at July 1st of the Previous Year2,1081,9311,9321,9751,9691,930


Population GroupNo Electric 1,000 to 2,499 No Electric 1,000 to 2,499 No Electric 1,000 to 2,499 No Electric 1,000 to 2,499 No Electric 1,000 to 2,499 No Electric 1,000 to 2,499


Cash &Investments$1,232,005 $1,632,282 $1,079,453 $1,158,302 $1,260,946 $723,979


Investment Earnings4,015 8,323 25,060 50,201 72,802 41,013


Tax Rate Equivalent0.00220.00460.01360.02730.04680.0271


Tax Rate Equivalent Group weighted average0.00340.00480.01310.02610.04090.0283


Tax Rate Equivalent Statewide weighted average0.03170.02470.01330.05240.09200.0573


Latest year of Revaluation 200720072007200720022002


January 1, Prior Year Assessed Valuation$180,488,775 180,653,210 183,787,756 183,707,772 155,425,870 151,064,915


Tax Rate0.35000.35000.35000.35000.37000.3700


Tax Rate Group weighted average0.27490.29700.29830.28600.34240.3297


Tax Rate State Wide0.41220.40900.42620.42380.44500.4321


Assessment -to-Sales Ratio92.5591.4194.7497.0684.3090.27


Assessment -to-Sales Ratio Group weighted average100.8097.6986.7788.9479.9685.71


Assessment -to-Sales Ratio Statewide101.4798.2790.8188.5388.4192.28


Assessed Valuation Adjusted for Assesment to Sales Ratio$195,017,585 197,629,592 193,991,720 189,272,380 184,372,325 167,347,862


EffectiveTax Rate0.32390.31990.33160.33970.31190.3340


Group weighted average Effective Tax Rate0.27710.29010.25890.25440.27370.2826


Statewide weighted average Effective Tax Rate0.41830.40200.38700.37520.39340.3987


Percent Collected96.680096.210095.790096.370094.630096.9200


Percent Collected Group weighted average96.4195.3295.9996.8697.1896.94


Percent Collected Statewide97.4297.3597.3497.5697.5897.55


Percent Collected Excluding Motor Vehicles97.3396.7296.3997.0995.3697.76


Percent Collected Excluding Motor Vehicles Group weighted average97.0495.9296.6797.7898.0197.76


Percent Collected Excluding Motor Vehicles Statewide weighted average98.2598.2398.3098.6598.5998.61


Percent Collected Motor Vehicles Only 84.3086.9386.2284.7184.8885.30


Percent Collected Motor Vehicles Only Group weighted average84.2085.2184.6085.1686.0785.54


Percent Collected Motor Vehicles Only Statewide weighted average 86.4186.3886.5586.7486.7186.80


Tax Uncollected47,907 52,472 59,504 55,041 64,931 50,084


Tax Rate Equivalent0.02650.02900.03240.03000.04180.0332


Dominant County: Alexander






Debt Information








Population Group1,000 to 2,4991,000 to 2,4991,000 to 2,4991,000 to 2,4991,000 to 2,4991,000 to 2,499


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 Group236 256 265 277 294 297


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 Average0.1642%0.1838%0.1750%0.1852%0.2336%0.2606%


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$538,591 595,331 650,000 0 0 0


--General Government0 0 0 0 0 0


Total*$538,591 595,331 650,000 0 0 0


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




Revenue Bond Debt $576,070 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 Changes2,1081,9311,9321,9751,9691,930









1.5AFISCAL Governmental Activities Assets1,762,4661,798,3211,924,7792,004,3951,700,3801,502,836
1.5BSUMMARYGovernmental Activities Liabilities401,731344,716322,615235,36544,06175,757
3.5A
Business Type Activities Assets9,915,7048,866,9497,441,7306,852,9146,777,3736,137,523
3.5B
Business Type Activities Liabilties2,272,2512,237,7991,853,7441,280,4741,385,2871,534,563
6.5A
Fiduciary Funds Assets





6.5B
Fiduciary Funds Liabilties





10.0PART 2Current Collections of Unit -Wide Levy587,024578,363584,969646,492561,370543,077
11.0TAXCurrent Collections of Special Tax Districts





12.0REVENUESPrior Years' Levy Collections56,15552,00046,560

23,156
13.0
Penalties and Interest7,9585,6065,1836,2273,7484,952
14.0
Collections of Taxes Previously Written Off





15.0
Animal Tax





15.1
Solid Waste Disposal Tax1,2981,348594


16.0
1% Local Government Option Sales Tax86,47672,89856,06392,11589,969107,667
17.0
1/2% Local Government Option Sales Tax (40)97,89998,073126,866117,250113,41298,396
18.0
1/2% Local Government Option Sales Tax (42)46,10871,070126,369116,871113,04798,147
18.5
1/2% Local Government Option Sales Tax (44)377,76243,28970,09668,96665,075
19.0
Privilege Licenses6,4556,0215,1624,9263,916
19.2
Privilege -- All other privileges and pemits




5,886
20.0
Auto Licenses





21.0
Vehicle Tax for Public Transportation





22.0
Other Licenses




44,993
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.





29.0REVENUESGeneral Government





30.0
Public Safety





31.0
Transportation - Streets





32.0
Transportation - All Other





33.0
Environmental Protection





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


77,429

35.0
Econ. & Phys. Dev. - All Other



576,385447,386
36.0
Human Services: Health, Mental Hlt & Hosp





37.0
Human Services: All Other





38.0
Culture & Recreation





39.0STATEPayments In Lieu of Taxes - State





40.0INTERGOVUnauthorized Substance Tax





41.0REVENUESTransitional Hold Harmless110,93677,37429,820


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 Tax205,544214,480210,309212,742192,402130,338
45.0
Beer and Wine Tax8,528
8,8709,0708,7218,419
46.0
Powell Bill54,41854,16261,98869,40061,49661,973
50.0
Court Fees - Facilities and Arrest Fees





51.0
General Government





52.0
Public Safety9,99529,57019,99519,73924,296
53.0
Transportation - Streets


59,099126,632
54.0
Transportation - All Other





55.0
Environmental Protection159,513446,067



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





57.0
Econ. & Phys. Dev. - All Other990,686536,84618,843


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





62.0INTERGOVGeneral Government





63.0REVENUESPublic Safety





64.0
Transportation - Streets





65.0
Transportation - All Other





66.0
Environmental Protection





67.0
Economic and Physical Development



23,200
68.0
Human Services - Health, Mental Hlt & Hosp





69.0
Human Services - All Other





70.0
Culture and Recreation





71.0PERMITS Building Permits





72.0& FEESInspection Fees





72.1
Amusements licensing and permit taxes





73.0
Other Permits8009756503,1561,074950
74.0SALES &Parking Revenues2502251,4051,3802,325400
75.0SERVICESRents and Royalties36,17938,90137,68639,88031,58744,517
76.0
Airport





77.0
Fire Protection Charges





78.0
Solid Waste1,2918728271,0861,315
79.0
Ambulance and Rescue Squad Charges





80.0
Cemeteries14,00019,48514,85010,79013,87020,420
81.0
Recreation Service Revenues





82.0
Library Service Revenues





83.0
Other Cultural and Rec Service Revenues



9,830
84.0
Mass Transit - City Operated





85.0
Other Sales and Services




2,755
86.0UTILITYWater and Sewer Charges1,668,2131,672,2661,525,5261,391,9031,272,2421,266,539
87.0REVENUESElectric Charges





88.0
Gas Charges





88.1
Storm Water Fees





89.0MISC.Investment Earnings - Bond Proceeds





90.0REVENUESInvestment Earnings - All Other Funds4,0158,32325,06050,20172,80241,013
91.0
Special Assessments





92.0
Private Contributions and Donations

45,656


93.0
Sales of Materials and Fixed Assets

3,352


94.0
Sale of Real Property





95.0
Nongovt Contr For Streets & Traffic Signals





96.0
ABC Mixed Drink Surcharge





97.0
ABC Profit Distribution26,94223,11619,75114,88427,21931,986
98.0
Other Miscellaneous Revenues273,289154,283136,05576,53880,71459,198
99.0
Proceeds of Sale of Bonds and Notes159,513446,067948,747


100.0
Proceeds of Capital Leases/Install Purchases




1,624,577
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 & Wages35,80935,29834,65722,49316,23014,672
109BGENERALGoverning Body - Other Direct2,9571,8993,1433,0703,1551,510
109CGOVTGoverning Body - Construction





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





110A
Administration - Salaries & Wages70,07265,53063,22762,93649,308111,365
110B
Administration - Other Direct85,65673,04987,26987,57464,63553,808
110C
Administration - Construction





110D
Administration - Purchase of P,P&E





111A
Elections - Salaries & Wages





111B
Elections - Other Direct





111C
Elections - Construction





111D
Elections - Purchase of P,P&E





112A
Finance - Salaries & Wages





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 Direct20,60523,67617,60432,73720,75828,327
115C
Public Buildings - Construction





115D
Public Buildings - Purchase of P,P&E181,7005,4345,874


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 Wages601,790537,662585,574523,468524,826535,345
119BSAFETYPolice & Comm - Traffic Control - Other Direct131,249119,44595,81986,008107,36885,579
119C
Police & Comm - Traffic Control - Construction





119D
Police & Comm - Traffic Control - Purchase of P,P&E43417,966167,88184,81637,129
120A
Emergency Communications - Salaries & Wages





120B
Emergency Communications - Other Direct





120C
Emergency Communications - Construction





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





120B
Emergency Telephone Service Fund (ETSF) Expenditures - Operating





120C
ETSF Expenditures - Capital Construction





120D
ETSF Expenditures - Capital Purchases





121A
Emergency Mgmt - Salaries & Wages





121B
Emergency Mgmt - Other Direct





121C
Emergency Mgmt - Construction





121D
Emergency Mgmt - Purchase of P,P&E





122A
Fire - Salaries & Wages





122B
Fire - Other Direct58,00058,00058,00056,05050,25048,651
122C
Fire - Construction





122D
Fire - Purchase of P,P&E





123A
Inspectors - Salaries & Wages





123B
Inspectors - Other Direct



1,550
123C
Inspectors - Construction





123D
Inspectors - Purchase of P,P&E





124A
Rescue Units - Salaries & Wages





124B
Rescue Units - Other Direct2,0002,0002,0002,750

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 Direct6,0006,00016,33416,10610,120230
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 & Wages14,940100,872106,789104,97289,10698,582
128B
Streets and Highways - Other Direct381,846328,559427,182335,819315,126184,736
128C
Streets and Highways - Construction





128D
Streets and Highways - Purchase of P,P&E20,0891,2735,945


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




57,993
130C
Powell Bill - Construction


107,039172,546
130D
Powell Bill - Purchase of P,P&E




2,650
131A
Parking Facilities - Salaries & Wages





131B
Parking Facilities - Other Direct





131C
Parking Facilities - Construction





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





132A
Mass Transit - City - Salaries & Wages





132B
Mass Transit - City - Other Direct





132C
Mass Transit - City - Construction





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





133B
Mass Transit - Private - Other Direct





134A
Airport - Salaries & Wages





134B
Airport - Other Direct





134C
Airport - Construction





134D
Airport - Purchase of P,P&E





135A
Transpor. All Other - Salaries & Wages





135B
Transpor. All Other - Other Direct





135C
Transpor. All Other - Construction





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





136AENVIRONSolid Waste - Salaries & Wages





136BMENTALSolid Waste - Other Direct





136CPROTECTIONSolid Waste - Construction





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





137A
Drainage & Watershed - Salaries & Wages





137B
Drainage & Watershed - Other Direct





137C
Drainage & Watershed - Construction





137D
Drainage & Watershed - Purchase of P,P&E





138A
Cemeteries - Salaries & Wages





138B
Cemeteries - Other Direct1,8541,8301,6338812201,591
138C
Cemeteries - Construction





138D
Cemeteries - Purchase of P,P&E





139A
Environ. All Other - Salaries & Wages





139B
Environ. All Other - Other Direct11,233




139C
Environ. All Other - Construction





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





140AECONOMICPlanning & Zoning - Salaries & Wages





140B& PHYSICALPlanning & Zoning - Other Direct





140CDEVELOPPlanning & Zoning - Construction





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





141A
Economic Development - Salaries & Wages





141B
Economic Development - Other Direct




12,853
141C
Economic Development - Construction

25,350


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





142A
Community Development - Salaries & Wages





142B
Community Development - Other Direct





142C
Community Development - Construction


499,091880,151
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 Direct




4,032
153C
Recreation & Parks - Construction





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




12,559
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 Direct20,33334,0329,0888,4078,699
157C
Cult. & Recr. All Other - Construction





157D
Cult. & Recr. All Other - Purchase of P,P&E23,37610,755
3,73264,743
158AUTILITYWater & Sewer - Salaries & Wages




360,370
158B
Water & Sewer - Other Direct 1,293,5681,110,9721,014,314891,695843,201474,792
158C
Water & Sewer - Construction1,266,1371,641,065214,208

1,065,588
158D
Water & Sewer - Purchase of P,P&E163,94885,862223,029171,39929,45030,000
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 & Fees46,18749,42026,53724,6711,9362,542
161DSERVICEWater & Sewer - Principal138,380115,599114,085115,952131,680423,365
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 & Fees7,1877,9136,184199
1,815
166D
All Other - Principal43,17724,644214,100

44,141
167BPENSIONDirect Benefit Program - Other Direct





168BFRINGEFringe Benefits Unallocated





169B
Separation Allowance - Law Enforcement





170B
Separation Allowance - Other Employees





171B
Supplemental Retirement - Law Enforcement21,50620,15118,97419,17236,40819,067
172B
Fringe Benefits Other68,98557,05059,54255,836

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




Alexander Co. Rescue/EMS
176B
Other - Intergovt. Expenditures - Item #




125b
176C
Other - Intergovt. Expenditures - Amount




1,500
177A
Other - Intergovt. Expenditures - Recipient




Alexander Co. Board of Elections
177B
Other - Intergovt. Expenditures - Item #




126b
177C
Other - Intergovt. Expenditures - Amount




2,947
178A
Other - Intergovt. Expenditures - Recipient





178B
Other - Intergovt. Expenditures - Item #





178C
Other - Intergovt. Expenditures - Amount





179.0
Current year's levy -- Excluding motor vehicles600,863.598,387.00602,430.00604,276.00533,890.00526,331.00
180.0
Current year's levy -- Motor vehicles (only)31,880.32,823.0037,755.0037,440.0040,158.0038,320.00
181.0PART 6Uncollected Taxes - Current Year's Levy Except Mot Veh16,027.19,649.0021,749.0017,601.0024,773.0011,764.00
182.0OTHERUncollected Taxes - CY Levy -Motor Vehicles5,0044,2895,2045,7246,0715,633
183.0DATAPercentage of Taxes Collected - All Property %96.6896.2195.7996.3794.6396.92
184.0DATAPercentage of Taxes Collected - Exclude Motor Vehicles%97.3396.7296.3997.0995.3697.76
185.0
Percentage of Taxes Collected - Motor Vehicles %84.3086.9386.2284.7184.8885.30
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

650,000


189CINVESTCash On Hand & in Bank - All Other1,232,0051,632,2821,079,4531,158,3021,260,946723,979
190A PARTAppropriations Made During FY - B(1) - B(7)



7,144
190B 8Expenditures Made During FY - B(1) - B(7)



1,565,033
191.0
Investment in Property - B(1) - B(4)



150,000
192.0
Amount Expended During FY - B(5) and B(7)



1,572,177
193.0
Amount of Tax Revenues Taken Into Account



1,366,842
194APART 9Amount - Total Revenues4,613,5224,616,1534,104,4453,091,2743,768,9074,811,182
194BFISCALAmount - Subtract Refunding Bond Proceeds





194CSUMMARYAmount - Subtract Interfund Transfers In



288,36979,362
194D
Amount - Net Revenues4,613,5224,616,1534,104,4453,091,2743,480,5384,731,820


Calculated amount4,613,5224,616,1534,104,4453,091,2743,480,5384,731,820


Amounts in AGREEMENT??YesYesYesYesYesYes


Difference





195A
Amount - Total Expenditures4,719,0184,535,9563,604,3423,316,8733,746,9643,759,972
195B
Amount - Subtract Pymts. to Refunded Debt Agent





195C
Amount - Subtract Interfund Transfers Out



288,36979,362
195D
Amount - Net Expenditures4,719,0184,535,9563,604,3423,316,8733,458,5953,680,610


Calculated amount4,719,0184,535,9563,604,3423,316,8733,458,5953,680,610


Amounts in AGREEMENT??YesYesYesYesYesYes


Difference














401APart 10Number of residential accounts billed Water



3,000
401BWater /Number of residential accounts billed Sewer



4,500
402ASewer Amount processed and/or purchased in units Water138130124,086,184124,448109,743,000,000
402BOperationsAmount processed and/or purchased in units Sewer116126120,158,997247,163249,836,107,000
403A
Total amount billed in units - Water1089691,567,08090,526109,743,000,000
403B
Total amount billed in units - Sewer116119113,779,464247,163249,838,107,000
404A
Of the total in 403A above how many units were Residential W765854,940,248


404B
Of the total in 403B above how many units were Residential S707268,227,679


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 above613,119
563,015


408B
Dollars related to 403B above911,503
795,975


409A
Dollars related to 404A above415,300
301,114


409B
Dollars related to 404B above498,500
390,796


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 - Water925925925


421B
Number of residential accounts billed - Sewer781781781


422A
Number of non-residential & bulk accounts billed - Water199199199


422B
Number of non-residential & bulk accounts billed - Sewer225225225


423A
Estimated percentage of accounts outside of municipal limits
































950.0
OfficialDavid Odom

951.0
TitleTown Manager/Finance Officer

952.0
Date11/17/201102/22/201101/00/190012/23/200812/13/200710/20/2006
953.0
ContactDavid Odom

954.0
TitleTown Manager/Finance Officer

955.0
Phone828-632-2218




956.0
Fax828-632-7964




957.0
E-Mail:


















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Key Ratios and Operations Statistics of Water and Sewer Systems for



Town of Taylorsville













201120102009200820072006








Population
2,1081,9311,9321,9751,9691,930
Population Group
No Electric 1,000 to 2,499 No Electric 1,000 to 2,499 No Electric 1,000 to 2,499 No Electric 1,000 to 2,499 No Electric 1,000 to 2,499 No Electric 1,000 to 2,499
Total Operating Revenues
$1,668,2131,672,2661,525,5261,391,9031,272,2421,266,539
Total Operating Revenues Per Capita
$791866790705646656
Group Weighted Average Revenues Per Capita540511491492485464
State Weighted Average Revenues Per Capita404384353365367356








% to Total Operating Revenues






Operating Expenses
105.33%93.85%100.83%91.91%88.38%85.96%
Group Weighted Average
98.67%103.53%104.32%100.84%98.61%97.18%
State Weighted Average
82.59%85.08%89.86%86.70%82.47%81.57%








Operating Margin
-5.33%6.15%-0.83%8.09%11.62%14.04%
Group Weighted Average
1.33%-3.53%-4.32%-0.84%1.39%2.82%
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
2.39%9.32%5.23%5.30%2.84%3.65%
State Weighted Average
0.85%1.71%1.26%1.45%1.20%1.83%








Operating Transfers Out
0.00%0.00%0.00%0.00%0.00%4.74%
Group Weighted Average
2.00%1.97%5.24%2.83%2.13%9.41%
State Weighted Average
1.89%1.79%2.55%3.08%1.94%2.63%








Net Income before capital contributions
-8.04%3.38%-1.97%7.39%14.90%10.74%
Group Weighted Average
-9.48%1.18%-23.75%1.30%-0.96%-2.72%
State Weighted Average
8.52%7.13%-10.44%7.19%11.65%9.59%








Key Ratios and Cash Flow














Quick Ratio
6.115.602.7011.794.182.67
Group Weighted Average
3.563.373.102.843.253.58
State Weighted Average
3.483.202.812.962.902.82








Days Sales in Receivables
40.144.346.555.034.431.4
Group Weighted Average
46.851.444.147.945.844.0
State Weighted Average
54.458.958.655.260.057.8








Days Cash on Hand
161.3171.485.575.8258.0263.2
Group Weighted Average
358.6346.3349.2373.6497.2407.8
State Weighted Average
505.4465.8424.9457.2497.5457.2








Cash flow from Operations
-$72,815287,864366,954335,606393,754487,386








Debt to Equity
0.280.320.320.220.250.32
Group Weighted Average
0.260.280.280.310.280.28
State Weighted Average
0.600.600.570.560.560.52








Debt per Capita
1,0021,083912620681763
Group Weighted Average
834871824898782740
State Weighted Average
1,2821,2531,1291,1391,101988








Capital Expenditures:
201120102009200820072006


$1,430,0851,726,927437,237171,39929,4501,095,588










2005200420032002



$30,085301,338101,97944,191









Capital Contributions: Excluded from income above
$1,150,199982,91345,65677,429599,585447,386
















Operating Statistics














Estimated population of the areas served Water00003,000NA
Estimated population of the areas served Sewer00004,500NA








Number of Gallons of Water Processed (000) omitted138130124,086,184124,448109,743,000,000NA
Number of Gallons of Sewage Processed (000) omitted116126120,158,997247,163249,836,107,000NA








Number of Gallons of Water Billed (000) omitted1089691,567,08090,526109,743,000,000NA
Number of Gallons of Sewage Billed (000) omitted116119113,779,464247,163249,838,107,000NA








Ratio of Water Billed to Water Processed0.784110.737970.737930.727421.00000NA
Ratio of Sewage Billed to Sewage Processed1.000000.946900.946911.000001.00001NA








Total Revenue from Water Sales613,1190563,01500NA
Total Revenue from Sewage Sales911,5030795,97500NA








Water Revenue per 1000 gallons of Sales




0.00000NA
Sewage Revenue per 1000 gallons of Sales




0.00000NA








Group Average Sales per thousand Gallons Water$0.00015$58.03901$27.87923$1,769.81984$14,046.04813NA
Group Average Sales per thousand Gallons Sewage$0.00021$70.05637$30.85954$824.88077$6,790.60081NA








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$5,470.231820.000000.00548

NA
Residential Sewage Sales per thousand Gallons$7,170.598390.000000.00573

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


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Analysis of Available Fund Balance:  General Fund

20072008200920102011
Unit's FBA %41.18%60.05%43.30%45.44%30.04%
Group average FBA %65.48%62.45%66.05%66.79%64.14%
State average Electric/Non Electric Group FBA %37.39%36.66%37.89%38.70%41.07%
State average FBA %36.54%36.34%65.48%37.47%39.53%






Municipal Population Group: No Electric 1,000 to 2,499

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Analysis of Property Tax

20072008200920102011
Municipality94.63%96.37%95.79%96.21%96.68%
Pop. Group97.18%96.86%95.99%95.32%96.41%
Statewide97.58%97.56%97.34%97.35%97.42%






Municipal Population Group: No Electric 1,000 to 2,499






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Analysis of General Obligation Debt

20072008200920102011
Municipality00000
Pop. Group294277265256236
Statewide478456455449450






Municipal Population Group: 1,000 to 2,499






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Analysis of Revenue

20072008200920102011
Property Tax$287330330329309
Utility646705790866791
Sales Tax196200182129110
Sales & Services3027283125
Intergovernmental515227181704730
Debt Proceeds0049123176
Other Miscellaneous9476122101148
Total$1,7681,5652,1242,3912,189

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Analysis of Revenue for Fiscal 2011











2011
2011
CategoryRevenue
Per Capita
Property Tax$651,137
$309
Water/Sewer1,668,213
791
Electric0
0
Other Utilities0
0
Sales Tax230,520
110
Sales & Services51,720
25
Intergovernment1,539,620
730
Debt Proceeds159,513
76
Miscellaneous312,799
148
Total$4,613,522
$2,189





Municipal Population Group: No Electric 1,000 to 2,499





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Analysis of Expenditures by Function for Fiscal 2011











2011
2011
CategoryExpenditures
Per Capita
General Government$396,799
$189
Water/Sewer2,723,653
1,292
Electric0
0
Other Utilities0
0
Debt Service234,931
111
Transportation416,875
198
Public Safety820,979
389
Other125,781
60
Total$4,719,018
$2,239





Municipal Population Group: No Electric 1,000 to 2,499





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Analysis of Expenditures by Object for Fiscal 2011






2011
2011
CategoryExpenditures
Per Capita
Salaries & Wages$722,611
$343
Water/Sewer Capital1,430,085
678
Electric Capital0
0
Other Capital225,599
107
Other Operating2,340,723
1,111
Total$4,719,018
$2,239





Municipal Population Group: No Electric 1,000 to 2,499






Last Updated 6/15/2012 11:37:36 AM