North Carolina
Department of State Treasurer
Financial Information
City of High Shoals



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

Institute of Government North Carolina Cities Web Site

Go to North Carolina County and Municipal Financial Information Home Page
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Note: All data unless otherwise specified is for the 12 month period ending June, 30th of the designated year



Municipality Revenues and Expenditures Financial Profile
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201120102009200820072006

Revenues by Source







Property Tax$137,135 $0 $121,084 $0 $124,042 $114,683


Utility 158,533 - 180,457 - 161,899 111,491


Sales Tax 34,332 - 34,024 - 42,568 39,048


Sales & Services 27,704 - 28,239 - 34,334 17,682


Intergovernmental 57,239 - 155,871 - 119,305 105,057


Debt Proceeds - - - - - 70,862


Other Miscellaneous 81,003 - 13,891 - 14,959 30,177


Total$495,946 - 533,566 - 497,107 489,000










Expenditures by Function







Utility$136,221 - 151,671 - 131,949 148,756


Debt Service 34,417 - 50,890 - 51,023 43,999


Transportation 84,573 - 124,436 - 78,787 175,478


General Government 192,242 - 122,817 - 116,553 105,690


Public Safety 129 - 251 - 235 248


Other 30,041 - 91,872 - 38,193 35,986


Total$477,623 - 541,937 - 416,740 510,157










Expenditures by Object







Salaries & Wages$160,905 - 153,113 - 138,401 97,094


Capital Outlay 45,607 - 14,109 - 8,481 129,348


Other Operating + Debt Service 271,111 - 374,715 - 269,858 283,715


Total$477,623 - 541,937 - 416,740 510,157



















Per Capita Revenues by Source







Property Tax$197 - 151 - 161 153


Utility 227 - 225 - 211 148


Sales Tax 50 - 43 - 55 51


Sales & Services 40 - 35 - 45 24


Intergovernmental 82 - 194 - 155 140


Debt Proceeds - - - - - 94


Other Miscellaneous 116 - 17 - 19 40


Total$712 - 665 - 646 650










Per Capita Expenditures by Function







Utility$195 - 189 - 172 198


Debt Service 49 - 63 - 66 59


Transportation 121 - 155 - 102 233


General Government 277 - 154 - 152 140


Public Safety - - - - - -


Other 43 - 115 - 50 48


Total$685 - 676 - 542 678










Per Capita Expenditures by Object







Salaries & Wages$231 - 191 - 180 129


Capital Outlay 65 - 18 - 11 172


Other Operating 389 - 467 - 351 377


Total$685 - 676 - 542 678










Population GroupNo Electric 500 to 999 No Electric 500 to 999 No Electric 500 to 999 No Electric 500 to 999 No Electric 500 to 999 No Electric 500 to 999


Number of Municipalites in Group 88 99 94 96 96 95


Average Population In Group 714 727 726 729 726 727


City of High Shoals Population 697 812 802 785 769 752

Group Average Per Capita Revenues by Source







Property Tax 363 407400400335298


Utility 412 411406407350306


Sales Tax 122 134166191166155


Sales & Services 96 8391696551


Intergovernmental 293 326400304366360


Debt Proceeds 65 30105966773


Other Miscellaneous 223 162180254250188


Total 1,574 1,5531,7481,7211,5991,431










Group Average Per Capita Expenditures by Function







Utility 574 443428437404484


Debt Service 101 104110978371


Transportation 121 133122148153117


General Government 247 258309321313224


Public Safety 274 282301294250241


Other 190 281382291279292


Total 1,507 1,5011,6521,5881,4821,429










Group Average Per Capita Expenditures by Object







Salaries & Wages 406 421419406352309


Capital Outlay 319 242302298334370


Other Operating 782 838931884796750


Total 1,507 1,5011,6521,5881,4821,429


















General Fund
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201120102009200820072006

General Fund revenues$333,512 320,193 352,632 331,582 335,208 305,506

General Fund expenditures 339,885 496,354 379,823 252,307 246,965 325,100

Operating transfers in - - - - - -

Operating transfers out - - - - - 129,219

Capital leases and installment purchase proceeds - - - - - 55,545

Other items - - - (37,715) - -

Excess of revenues and other sources over (under) expenditures and other uses (6,373) (176,161) (27,191) 41,560 88,243 (93,268)










Fund balance available (FBA):







In dollars$179,171 184,852 362,687 387,809 278,147 201,671


FBA as a % of GF Net Expenditures:







Unit's FBA %52.7237.2495.49153.71112.6350.57


Group weighted average FBA %113.42100.33103.1788.62100.61101.57


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$88,438 58,799 13,952 (3,858) (92,188) (89,480)


Quick ratio6.10 4.34 1.56 0.86 0.16 0.14


Net income6,845 28,200 2,524 65,529 (11,034)(160,844)


Cashflow from operations27,137 54,970 26,616 57,968 28,257 (93,845)


Depreciation & Amortization Expense22,794 24,517 25,002 25,289 34,584 37,739


























Cash, Investments and Financing
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201120102009200820072006











Population at July 1st of the Previous Year697812802785769752


Population GroupNo Electric 500 to 999 No Electric 500 to 999 No Electric 500 to 999 No Electric 500 to 999 No Electric 500 to 999 No Electric 500 to 999


Cash &Investments$271,653 $0 $387,975 $0 $289,350 $219,008


Investment Earnings437 0 6,484 0 6,102 3,429


Tax Rate Equivalent0.00140.00000.02140.00000.02250.0128


Tax Rate Equivalent Group weighted average0.00400.00510.01850.02450.03750.0327


Tax Rate Equivalent Statewide weighted average0.03170.02470.01330.05240.09200.0573


Latest year of Revaluation 200720072007200720032003


January 1, Prior Year Assessed Valuation$30,735,033 30,262,747 30,253,105 28,836,151 27,083,439 26,748,497


Tax Rate0.40000.40000.40000.40000.43000.4300


Tax Rate Group weighted average0.21320.19220.19100.19360.23100.2737


Tax Rate State Wide0.41220.40900.42620.42380.44500.4321


Assessment -to-Sales Ratio103.2298.3593.2796.8792.8597.29


Assessment -to-Sales Ratio Group weighted average96.17101.4487.4787.7577.6788.06


Assessment -to-Sales Ratio Statewide101.4798.2790.8188.5388.4192.28


Assessed Valuation Adjusted for Assesment to Sales Ratio$29,776,238 30,770,460 32,436,051 29,767,886 29,169,024 27,493,573


EffectiveTax Rate0.41290.39340.37310.38750.39930.4183


Group weighted average Effective Tax Rate0.20500.19500.16700.16990.17940.2410


Statewide weighted average Effective Tax Rate0.41830.40200.38700.37520.39340.3987


Percent Collected94.610093.850093.88000.000094.150090.0000


Percent Collected Group weighted average89.1394.2095.5996.1696.0295.56


Percent Collected Statewide97.4297.3597.3497.5697.5897.55


Percent Collected Excluding Motor Vehicles95.8995.5895.750.0096.4590.84


Percent Collected Excluding Motor Vehicles Group weighted average96.5196.4296.7797.3697.3697.10


Percent Collected Excluding Motor Vehicles Statewide weighted average98.2598.2398.3098.6598.5998.61


Percent Collected Motor Vehicles Only 79.5878.2177.350.0076.7583.82


Percent Collected Motor Vehicles Only Group weighted average76.8281.8883.9683.4781.4882.58


Percent Collected Motor Vehicles Only Statewide weighted average 86.4186.3886.5586.7486.7186.80


Tax Uncollected16,493 16,893 16,860 0 17,192 23,069


Tax Rate Equivalent0.05370.05580.05570.00000.06350.0862


Dominant County: Gaston






Debt Information








Population Group500 to 999500 to 999500 to 999500 to 999500 to 999500 to 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$128,000 148,000 167,000 185,000 202,000 218,000


General Government GO Debt0 0 0 0 0 0


Total General Obligation Debt128,000 148,000 167,000 185,000 202,000 218,000


Per Capita$184 182 208 236 263 290


Total Per Capita for the Population Group178 193 200 215 212 223


Total Per Capita Statewide450 449 455 456 478 495


Total per Assessed Valuation Adjusted for Current Year Sales0.4299%0.4810%0.5149%0.6215%0.6925%0.7929%


Total per Assessed Valuation Adjusted for Current Year Sales- Group Average0.0954%0.0895%0.0813%0.0884%0.1085%0.1673%


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 Government0 0 0 0 0 0


Total*$0 0 0 0 0 0


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




Revenue Bond Debt $0 0 6,321 12,641 18,962 25,282


















Annual Financial Information Report Detail
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LineSectionDescription201120102009200820072006

Population at July 1st of the Previous Year Adjusted for Boundry Changes697812802785769752









1.5AFISCAL Governmental Activities Assets702,406
803,511
569,548504,577
1.5BSUMMARYGovernmental Activities Liabilities138,046
191,509
51,19864,198
3.5A
Business Type Activities Assets665,718
639,926
795,665833,547
3.5B
Business Type Activities Liabilties17,328
26,581
250,373277,221
6.5A
Fiduciary Funds Assets





6.5B
Fiduciary Funds Liabilties





10.0PART 2Current Collections of Unit -Wide Levy134,128
113,079
109,499103,961
11.0TAXCurrent Collections of Special Tax Districts





12.0REVENUESPrior Years' Levy Collections1,846
6,723
12,4798,714
13.0
Penalties and Interest1,161
1,282
2,0642,008
14.0
Collections of Taxes Previously Written Off





15.0
Animal Tax





15.1
Solid Waste Disposal Tax

236


16.0
1% Local Government Option Sales Tax12,719
13,673
15,55514,544
17.0
1/2% Local Government Option Sales Tax (40)7,849
8,188
9,7228,747
18.0
1/2% Local Government Option Sales Tax (42)6,169
8,115
9,6518,692
18.5
1/2% Local Government Option Sales Tax (44)7,595
4,048
7,6407,065
19.0
Privilege Licenses180
130
10080
19.2
Privilege -- All other privileges and pemits





20.0
Auto Licenses





21.0
Vehicle Tax for Public Transportation





22.0
Other Licenses

3,490
2,4412,344
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.





35.0
Econ. & Phys. Dev. - All Other





36.0
Human Services: Health, Mental Hlt & Hosp





37.0
Human Services: All Other





38.0
Culture & Recreation





39.0STATEPayments In Lieu of Taxes - State





40.0INTERGOVUnauthorized Substance Tax





41.0REVENUESTransitional Hold Harmless11,819
12,267
10,023
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 Tax22,288
18,424
22,73514,693
45.0
Beer and Wine Tax





46.0
Powell Bill20,406
21,610
21,09821,395
50.0
Court Fees - Facilities and Arrest Fees





51.0
General Government2,726




52.0
Public Safety

31,872


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





61.0LOCALPayments in Lieu of Taxes - Local

71,698
65,44968,969
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





68.0
Human Services - Health, Mental Hlt & Hosp





69.0
Human Services - All Other





70.0
Culture and Recreation





71.0PERMITS Building Permits150
675
1,2501,650
72.0& FEESInspection Fees





72.1
Amusements licensing and permit taxes





73.0
Other Permits

425
1,010
74.0SALES &Parking Revenues





75.0SERVICESRents and Royalties50




76.0
Airport





77.0
Fire Protection Charges





78.0
Solid Waste25,263
26,839
30,00913,862
79.0
Ambulance and Rescue Squad Charges





80.0
Cemeteries

1,400
4,3253,800
81.0
Recreation Service Revenues91



20
82.0
Library Service Revenues





83.0
Other Cultural and Rec Service Revenues





84.0
Mass Transit - City Operated





85.0
Other Sales and Services2,300




86.0UTILITYWater and Sewer Charges158,533
180,457
161,899111,491
87.0REVENUESElectric Charges





88.0
Gas Charges





88.1
Storm Water Fees





89.0MISC.Investment Earnings - Bond Proceeds





90.0REVENUESInvestment Earnings - All Other Funds437
6,484
6,1023,429
91.0
Special Assessments





92.0
Private Contributions and Donations





93.0
Sales of Materials and Fixed Assets



1,63821,287
94.0
Sale of Real Property





95.0
Nongovt Contr For Streets & Traffic Signals





96.0
ABC Mixed Drink Surcharge





97.0
ABC Profit Distribution





98.0
Other Miscellaneous Revenues80,236
2,451
2,4181,387
99.0
Proceeds of Sale of Bonds and Notes





100.0
Proceeds of Capital Leases/Install Purchases




70,862
101.0
Other





102.0NON-REVSchool - Current Levy Collections





103.0RECEIPTSPrior Years' Levy Collections





104.0
Tax Collections for Other Units





105.0
Utilities Customer's Deposits1,306
-1,250
4751,650
106.0
Deposits Other than Utility





107.0
Prepaid Taxes




-513
108.0
Prepaid Privilege Licenses





109APART 4Governing Body - Salaries & Wages8,913
5,000


109BGENERALGoverning Body - Other Direct





109CGOVTGoverning Body - Construction





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





110A
Administration - Salaries & Wages38,077
59,710
51,67636,441
110B
Administration - Other Direct100,545
58,107
63,09665,377
110C
Administration - Construction




2,118
110D
Administration - Purchase of P,P&E44,707


1,781
111A
Elections - Salaries & Wages





111B
Elections - Other Direct




1,754
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 Wages





119BSAFETYPolice & Comm - Traffic Control - Other Direct129
251
235248
119C
Police & Comm - Traffic Control - Construction





119D
Police & Comm - Traffic Control - Purchase of P,P&E





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 Direct





122C
Fire - Construction





122D
Fire - Purchase of P,P&E





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 & Wages52,072
42,567
41,92322,282
128B
Streets and Highways - Other Direct26,621
74,600
29,93441,283
128C
Streets and Highways - Construction





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



3,70073,599
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 Direct4,980


230
130C
Powell Bill - Construction

7,269

38,314
130D
Powell Bill - Purchase of P,P&E900


3,000
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 & Wages12,014




136BMENTALSolid Waste - Other Direct8,617
26,662
36,35933,659
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 Direct516
225


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





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





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 & Wages2,033




153BRECREATIONRecreation & Parks - Other Direct6,861
64,985
1,8342,327
153C
Recreation & Parks - Construction





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





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 & Wages47,796
45,836
44,80238,371
158B
Water & Sewer - Other Direct 88,425
98,995
87,14795,068
158C
Water & Sewer - Construction

6,840


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




15,317
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 & Fees322
4,122
12,77113,382
161DSERVICEWater & Sewer - Principal1,195
6,321
25,05522,919
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 & Fees8,566
9,250
3,2821,903
166D
All Other - Principal24,334
31,197
9,9155,795
167BPENSIONDirect Benefit Program - Other Direct





168BFRINGEFringe Benefits Unallocated





169B
Separation Allowance - Law Enforcement





170B
Separation Allowance - Other Employees





171B
Supplemental Retirement - Law Enforcement





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 vehicles130,637.109,337.00108,197.000.00102,767.00101,759.00
180.0
Current year's levy -- Motor vehicles (only)11,128.12,058.0012,260.000.0013,541.0013,748.00
181.0PART 6Uncollected Taxes - Current Year's Levy Except Mot Veh5,365.4,835.004,600.000.003,651.009,321.00
182.0OTHERUncollected Taxes - CY Levy -Motor Vehicles2,2722,6272,777
3,1482,225
183.0DATAPercentage of Taxes Collected - All Property %94.6193.8593.880.0094.1590.00
184.0DATAPercentage of Taxes Collected - Exclude Motor Vehicles%95.8995.5895.750.0096.4590.84
185.0
Percentage of Taxes Collected - Motor Vehicles %79.5878.2177.350.0076.7583.82
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 Other271,653
387,975
289,350219,008
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 Revenues495,946
533,566
497,107618,219
194BFISCALAmount - Subtract Refunding Bond Proceeds





194CSUMMARYAmount - Subtract Interfund Transfers In




129,219
194D
Amount - Net Revenues495,946
533,566
497,107489,000


Calculated amount495,946
533,566
497,107489,000


Amounts in AGREEMENT??YesYesYesYesYesYes


Difference





195A
Amount - Total Expenditures477,623
541,937
416,740639,376
195B
Amount - Subtract Pymts. to Refunded Debt Agent





195C
Amount - Subtract Interfund Transfers Out




129,219
195D
Amount - Net Expenditures477,623
541,937
416,740510,157


Calculated amount477,623
541,937
416,740510,157


Amounts in AGREEMENT??YesYesYesYesYesYes


Difference














401APart 10Number of residential accounts billed Water



550
401BWater /Number of residential accounts billed Sewer



300
402ASewer Amount processed and/or purchased in units Water17
10
10,292
402BOperationsAmount processed and/or purchased in units Sewer7
6
5,525
403A
Total amount billed in units - Water9
10
10,292
403B
Total amount billed in units - Sewer5
6
5,525
404A
Of the total in 403A above how many units were Residential W8
10
8,843
404B
Of the total in 403B above how many units were Residential S4
6
4,307
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



10,292
407B
Of the total in 403B how many unit were delivered in bulk



5,525
408A
Dollars related to 403A above101,072


94,287
408B
Dollars related to 403B above63,457


88,329
409A
Dollars related to 404A above79,654
105,253
91,330
409B
Dollars related to 404B above40,448
66,777
87,704
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



94,287
412B
Dollars related to 407B above



88,329
421A
Number of residential accounts billed - Water204
219


421B
Number of residential accounts billed - Sewer90
94


422A
Number of non-residential & bulk accounts billed - Water10
9


422B
Number of non-residential & bulk accounts billed - Sewer5
2


423A
Estimated percentage of accounts outside of municipal limits
































950.0
OfficialLucy Williams

951.0
TitleClerk

952.0
Date05/11/201201/00/190003/09/2010
01/03/200801/26/2007
953.0
ContactLucy Williams

954.0
TitleClerk

955.0
Phone704-735-1651




956.0
Fax704-735-5595




957.0
E-Mail:


















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Key Ratios and Operations Statistics of Water and Sewer Systems for



City of High Shoals













201120102009200820072006








Population
697812802785769752
Population Group
No Electric 500 to 999 No Electric 500 to 999 No Electric 500 to 999 No Electric 500 to 999 No Electric 500 to 999 No Electric 500 to 999
Total Operating Revenues
$166,176171,405180,108185,850168,172111,512
Total Operating Revenues Per Capita
$238211225237219148
Group Weighted Average Revenues Per Capita545516493499500409
State Weighted Average Revenues Per Capita404384353365367356








% to Total Operating Revenues






Operating Expenses
95.69%83.29%98.09%77.49%99.03%153.51%
Group Weighted Average
104.59%112.05%114.37%112.83%101.58%107.63%
State Weighted Average
82.59%85.08%89.86%86.70%82.47%81.57%








Operating Margin
4.31%16.71%1.91%22.51%0.97%-53.51%
Group Weighted Average
-4.59%-12.05%-14.37%-12.83%-1.58%-7.63%
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%115.88%
Group Weighted Average
2.83%7.08%6.40%4.60%6.19%6.31%
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%0.00%
Group Weighted Average
1.63%1.71%1.34%3.82%3.69%4.76%
State Weighted Average
1.89%1.79%2.55%3.08%1.94%2.63%








Net Income before capital contributions
4.12%16.45%1.40%22.23%-6.56%-144.24%
Group Weighted Average
2.16%-3.28%-5.73%-13.81%1.28%-1.87%
State Weighted Average
8.52%7.13%-10.44%7.19%11.65%9.59%








Key Ratios and Cash Flow














Quick Ratio
6.104.341.560.860.160.14
Group Weighted Average
3.643.493.292.992.813.48
State Weighted Average
3.483.202.812.962.902.82








Days Sales in Receivables
50.140.640.140.537.736.4
Group Weighted Average
77.370.269.862.264.969.8
State Weighted Average
54.458.958.655.260.057.8








Days Cash on Hand
222.3177.046.49.50.08.4
Group Weighted Average
434.0392.0405.4372.3386.8391.1
State Weighted Average
505.4465.8424.9457.2497.5457.2








Cash flow from Operations
$27,13754,97026,61657,96828,257-93,845








Debt to Equity
0.000.000.020.030.430.46
Group Weighted Average
0.110.130.140.150.160.17
State Weighted Average
0.600.600.570.560.560.52








Debt per Capita
211426302342
Group Weighted Average
553600641621654612
State Weighted Average
1,2821,2531,1291,1391,101988








Capital Expenditures:
201120102009200820072006


$006,8400015,317










2005200420032002



$150,9837,140024,174









Capital Contributions: Excluded from income above
$00024,21300
















Operating Statistics














Estimated population of the areas served Water0000550NA
Estimated population of the areas served Sewer0000300NA








Number of Gallons of Water Processed (000) omitted17010010,292NA
Number of Gallons of Sewage Processed (000) omitted70605,525NA








Number of Gallons of Water Billed (000) omitted9010010,292NA
Number of Gallons of Sewage Billed (000) omitted50605,525NA








Ratio of Water Billed to Water Processed0.53933
1.00000
1.00000NA
Ratio of Sewage Billed to Sewage Processed0.71537
1.09091
1.00000NA








Total Revenue from Water Sales101,07200094,287NA
Total Revenue from Sewage Sales63,45700088,329NA








Water Revenue per 1000 gallons of Sales




171.43091NA
Sewage Revenue per 1000 gallons of Sales




294.43000NA








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








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$10,251.53925
11,079.26316
10.32794NA
Residential Sewage Sales per thousand Gallons$11,361.65730
11,129.50000
20.36313NA








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$0.000000.000000.000000.0000094,287.00000NA
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 %112.63%153.71%95.49%37.24%52.72%
Group average FBA %100.61%88.62%103.17%100.33%113.42%
State average Electric/Non Electric Group FBA %37.39%36.66%37.89%38.70%41.07%
State average FBA %36.54%36.34%100.61%37.47%39.53%






Municipal Population Group: No Electric 500 to 999

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Analysis of Property Tax

20072008200920102011
Municipality94.15%0.00%93.88%93.85%94.61%
Pop. Group96.02%96.16%95.59%94.20%89.13%
Statewide97.58%97.56%97.34%97.35%97.42%






Municipal Population Group: No Electric 500 to 999






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Analysis of General Obligation Debt

20072008200920102011
Municipality263236208182184
Pop. Group212215200193178
Statewide478456455449450






Municipal Population Group: 500 to 999






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Analysis of Revenue

20072008200920102011
Property Tax$16101510197
Utility21102250227
Sales Tax55043050
Sales & Services45035040
Intergovernmental1550194082
Debt Proceeds00000
Other Miscellaneous190170116
Total$64606650712

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Analysis of Revenue for Fiscal 2011











2011
2011
CategoryRevenue
Per Capita
Property Tax$137,135
$197
Water/Sewer158,533
227
Electric0
0
Other Utilities0
0
Sales Tax34,332
50
Sales & Services27,704
40
Intergovernment57,239
82
Debt Proceeds0
0
Miscellaneous81,003
116
Total$495,946
$712





Municipal Population Group: No Electric 500 to 999





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Analysis of Expenditures by Function for Fiscal 2011











2011
2011
CategoryExpenditures
Per Capita
General Government$192,242
$277
Water/Sewer136,221
195
Electric0
0
Other Utilities0
0
Debt Service34,417
49
Transportation84,573
121
Public Safety129
0
Other30,041
43
Total$477,623
$685





Municipal Population Group: No Electric 500 to 999





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Analysis of Expenditures by Object for Fiscal 2011






2011
2011
CategoryExpenditures
Per Capita
Salaries & Wages$160,905
$231
Water/Sewer Capital0
0
Electric Capital0
0
Capital Outlay45,607
65
Other Operating271,111
389
Total$477,623
$685





Municipal Population Group: No Electric 500 to 999






Last Updated 6/15/2012 11:42:40 AM