North Carolina
Department of State Treasurer
Financial Information
Town of Rutherford College



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 Burke 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$113,802 $118,952 $115,180 $111,690 $93,998 $103,740


Utility 552,917 554,160 436,283 239,946 226,500 218,103


Sales Tax 154,996 155,483 203,078 245,992 236,098 218,347


Sales & Services - - - - - -


Intergovernmental 236,956 359,439 471,761 165,725 144,600 147,593


Debt Proceeds 12,861 64,710 - - 995,000 -


Other Miscellaneous 27,763 13,437 563,257 99,281 104,446 74,551


Total$1,099,295 1,266,181 1,789,559 862,634 1,800,642 762,334










Expenditures by Function







Utility$474,327 651,814 707,529 274,676 262,630 225,846


Debt Service 151,809 147,691 120,603 67,178 67,343 67,484


Transportation 68,474 96,017 105,941 106,591 51,797 213,064


General Government 331,600 252,750 299,819 1,395,649 395,635 197,703


Public Safety - - - 50 - -


Other 71,282 68,845 64,144 55,365 54,314 58,577


Total$1,097,492 1,217,117 1,298,036 1,899,509 831,719 762,674










Expenditures by Object







Salaries & Wages$102,656 83,287 83,658 57,265 58,436 56,569


Capital Outlay 38,877 133,102 18,874 1,214,139 218,176 125,824


Other Operating + Debt Service 955,959 1,000,728 1,195,504 628,105 555,107 580,281


Total$1,097,492 1,217,117 1,298,036 1,899,509 831,719 762,674



















Per Capita Revenues by Source







Property Tax$85 91 88 86 72 80


Utility 412 424 334 185 174 168


Sales Tax 114 120 155 189 183 169


Sales & Services - - - - - -


Intergovernmental 177 275 362 128 111 114


Debt Proceeds 10 50 - - 765 -


Other Miscellaneous 21 10 432 77 80 58


Total$819 970 1,371 665 1,385 589










Per Capita Expenditures by Function







Utility$353 499 542 212 202 174


Debt Service 113 113 92 52 52 52


Transportation 51 74 81 82 40 165


General Government 248 193 231 1,076 304 153


Public Safety - - - - - -


Other 53 53 49 43 42 45


Total$818 932 995 1,465 640 589










Per Capita Expenditures by Object







Salaries & Wages$76 64 64 44 45 44


Capital Outlay 29 102 14 936 168 97


Other Operating 713 766 917 485 427 448


Total$818 932 995 1,465 640 589










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 Rutherford College Population 1,342 1,306 1,305 1,297 1,300 1,295

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$516,024 501,446 504,595 571,638 552,776 526,932

General Fund expenditures 524,470 470,726 523,018 353,291 283,570 427,926

Operating transfers in - - - - - -

Operating transfers out 8,768 71,424 140,000 293,678 341,985 149,456

Capital leases and installment purchase proceeds - - - - - -

Other items - - - - - -

Excess of revenues and other sources over (under) expenditures and other uses (17,214) (40,704) (158,423) (75,331) (72,779) (50,450)










Fund balance available (FBA):







In dollars$927,607 947,821 975,476 1,137,948 1,219,905 1,292,098


FBA as a % of GF Net Expenditures:







Unit's FBA %173.96174.83147.13175.89195.01223.79


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$1,107,805 911,439 893,080 534,308 509,747 473,090


Quick ratio19.66 5.85 13.91 14.97 15.17 14.69


Net income(55,841)38,968 538,147 (51,424)(49,125)(44,400)


Cashflow from operations117,682 102,281 38,377 (23,896)36,237 (5,692)


Depreciation & Amortization Expense127,139 131,199 130,540 101,260 100,283 100,283


























Cash, Investments and Financing
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201120102009200820072006











Population at July 1st of the Previous Year1,3421,3061,3051,2971,3001,295


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$2,058,782 $2,046,352 $2,008,853 $1,797,002 $2,838,634 $1,872,234


Investment Earnings14,619 9,137 21,840 89,327 82,811 61,935


Tax Rate Equivalent0.01270.00780.01920.07970.08770.0617


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 200720072007200720012001


January 1, Prior Year Assessed Valuation$115,094,396 116,683,876 113,621,797 112,096,930 94,403,204 100,430,406


Tax Rate0.10000.10000.10000.10000.10000.1000


Tax Rate Group weighted average0.27490.29700.29830.28600.34240.3297


Tax Rate State Wide0.41220.40900.42620.42380.44500.4321


Assessment -to-Sales Ratio104.49100.0096.41100.0081.3184.50


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$110,148,719 116,683,876 117,852,709 112,096,930 116,102,821 118,852,551


EffectiveTax Rate0.10450.10000.09640.10000.08130.0845


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 Collected96.600097.650096.200095.790096.800096.9600


Percent Collected Group weighted average96.4195.3295.9996.8697.1896.94


Percent Collected Statewide97.4297.3597.3497.5697.5897.55


Percent Collected Excluding Motor Vehicles96.9698.1096.7196.8897.5797.92


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 92.1892.1190.7385.9289.7887.25


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 Uncollected11,868 10,757 12,966 14,484 11,334 10,971


Tax Rate Equivalent0.01030.00920.01140.01290.01200.0109


Dominant County: Burke






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$1,046,000 1,063,000 1,079,000 1,094,500 1,109,000 1,123,000


General Government GO Debt0 0 0 0 0 0


Total General Obligation Debt1,046,000 1,063,000 1,079,000 1,094,500 1,109,000 1,123,000


Per Capita$779 814 827 844 853 867


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 Sales0.9496%0.9110%0.9155%0.9764%0.9552%0.9449%


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$0 0 0 0 0 0


--General Government0 0 0 995,000 995,000 0


Total*$0 0 0 995,000 995,000 0


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




Revenue Bond Debt $73,692 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 Changes1,3421,3061,3051,2971,3001,295









1.5AFISCAL Governmental Activities Assets2,452,7432,662,7102,757,3972,949,9382,837,7041,699,930
1.5BSUMMARYGovernmental Activities Liabilities977,173987,0061,004,4071,009,5531,002,47010,993
3.5A
Business Type Activities Assets4,963,5004,984,1584,837,0503,833,7103,898,3743,960,585
3.5B
Business Type Activities Liabilties1,608,4811,690,5731,582,4331,117,2401,130,4801,143,566
6.5A
Fiduciary Funds Assets





6.5B
Fiduciary Funds Liabilties





10.0PART 2Current Collections of Unit -Wide Levy110,693113,440109,080109,13291,10197,776
11.0TAXCurrent Collections of Special Tax Districts





12.0REVENUESPrior Years' Levy Collections2,3914,1774,2412,0322,4575,121
13.0
Penalties and Interest7181,3351,859526440843
14.0
Collections of Taxes Previously Written Off





15.0
Animal Tax





15.1
Solid Waste Disposal Tax876




16.0
1% Local Government Option Sales Tax69,69365,78169,41374,90270,29471,096
17.0
1/2% Local Government Option Sales Tax (40)53,26851,48356,17063,93962,00254,135
18.0
1/2% Local Government Option Sales Tax (42)33,29738,28455,83663,62361,80753,903
18.5
1/2% Local Government Option Sales Tax (44)-1,262-6521,65943,52841,99539,213
19.0
Privilege Licenses





19.2
Privilege -- All other privileges and pemits





20.0
Auto Licenses





21.0
Vehicle Tax for Public Transportation





22.0
Other Licenses2,1421,9382,5532,33618,50312,104
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 Other12,86064,711



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 Harmless56,17447,75311,743


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 Tax123,902127,149106,744110,33694,98196,794
45.0
Beer and Wine Tax





46.0
Powell Bill44,02043,86749,39355,38949,61950,799
50.0
Court Fees - Facilities and Arrest Fees





51.0
General Government





52.0
Public Safety





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
75,959303,881


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





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 Permits





74.0SALES &Parking Revenues





75.0SERVICESRents and Royalties





76.0
Airport





77.0
Fire Protection Charges





78.0
Solid Waste





79.0
Ambulance and Rescue Squad Charges





80.0
Cemeteries





81.0
Recreation Service Revenues





82.0
Library Service Revenues





83.0
Other Cultural and Rec Service Revenues





84.0
Mass Transit - City Operated





85.0
Other Sales and Services





86.0UTILITYWater and Sewer Charges552,917554,160436,283239,946226,500218,103
87.0REVENUESElectric Charges





88.0
Gas Charges





88.1
Storm Water Fees





89.0MISC.Investment Earnings - Bond Proceeds





90.0REVENUESInvestment Earnings - All Other Funds14,6199,13721,84089,32782,81161,935
91.0
Special Assessments





92.0
Private Contributions and Donations

537,104


93.0
Sales of Materials and Fixed Assets





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 Revenues10,1262,3621,7607,6183,132512
99.0
Proceeds of Sale of Bonds and Notes





100.0
Proceeds of Capital Leases/Install Purchases12,86164,710

995,000
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

-7757525275
106.0
Deposits Other than Utility





107.0
Prepaid Taxes





108.0
Prepaid Privilege Licenses





109APART 4Governing Body - Salaries & Wages





109BGENERALGoverning Body - Other Direct19,10222,13620,95417,11615,41810,628
109CGOVTGoverning Body - Construction





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





110A
Administration - Salaries & Wages





110B
Administration - Other Direct113,25985,162114,06554,45752,76735,069
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 & Wages102,65683,28783,65857,26558,43656,569
112B
Finance - Other Direct75,50655,66364,67458,76050,07450,533
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 Direct21,0772,8216,8153,6877643,486
115C
Public Buildings - Construction


1,204,364218,17641,418
115D
Public Buildings - Purchase of P,P&E
3,6819,653


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 Direct





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


50

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 & Wages





128B
Streets and Highways - Other Direct
14,77414,51915,43013,76989,991
128C
Streets and Highways - Construction





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





129A
Street Cleaning - Salaries & Wages





129B
Street Cleaning - Other Direct





129C
Street Cleaning - Construction





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





130A
Powell Bill - Salaries & Wages





130B
Powell Bill - Other Direct68,47481,24391,42291,16138,02838,667
130C
Powell Bill - Construction





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




84,406
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 Direct53,05950,41647,46138,67437,61036,111
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 Direct





138C
Cemeteries - Construction





138D
Cemeteries - Purchase of P,P&E





139A
Environ. All Other - Salaries & Wages





139B
Environ. All Other - Other Direct





139C
Environ. All Other - Construction





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





140AECONOMICPlanning & Zoning - Salaries & Wages





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 Direct14,42914,42912,68313,23612,70412,466
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 Direct3,7944,0004,0003,4554,00010,000
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 & Wages





158B
Water & Sewer - Other Direct 435,450522,393698,308264,901262,630225,846
158C
Water & Sewer - Construction38,877129,421



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

9,2219,775

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 & Fees72,43043,11751,98952,67853,34353,984
161DSERVICEWater & Sewer - Principal26,2659,99715,50014,50014,00013,500
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 & Fees42,68073,43543,536


166D
All Other - Principal10,43421,1429,578


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 vehicles105,941.107,445.00103,837.00102,644.0084,839.0091,783.00
180.0
Current year's levy -- Motor vehicles (only)8,648.8,720.009,547.0011,280.009,272.009,059.00
181.0PART 6Uncollected Taxes - Current Year's Levy Except Mot Veh3,220.2,037.003,419.003,204.002,062.001,912.00
182.0OTHERUncollected Taxes - CY Levy -Motor Vehicles6766888851,5889481,155
183.0DATAPercentage of Taxes Collected - All Property %96.6097.6596.2095.7996.8096.96
184.0DATAPercentage of Taxes Collected - Exclude Motor Vehicles%96.9698.1096.7196.8897.5797.92
185.0
Percentage of Taxes Collected - Motor Vehicles %92.1892.1190.7385.9289.7887.25
186.0
Ttl Amt Salaries/Wages for Construction





187A
Capital Reserve Schools - July 1, 2009





187B
Capital Reserve Schools - June 30, 2010





188A
Capital Reserve Hospitals - July 1, 2009





188B
Capital Reserve Hospitals - June 30, 2010





189APART 7Cash On Hand & in Bank - Debt Service





189BCASH &Cash On Hand & in Bank - Construction Bond





189CINVESTCash On Hand & in Bank - All Other2,058,7822,046,3522,008,8531,797,0022,838,6341,872,234
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 Revenues1,225,8141,337,6051,934,5591,161,3122,147,627916,790
194BFISCALAmount - Subtract Refunding Bond Proceeds





194CSUMMARYAmount - Subtract Interfund Transfers In126,51971,424145,000298,678346,985154,456
194D
Amount - Net Revenues1,099,2951,266,1811,789,559862,6341,800,642762,334


Calculated amount1,099,2951,266,1811,789,559862,6341,800,642762,334


Amounts in AGREEMENT??YesYesYesYesYesYes


Difference





195A
Amount - Total Expenditures1,224,0111,288,5411,443,0362,198,1871,178,704917,130
195B
Amount - Subtract Pymts. to Refunded Debt Agent





195C
Amount - Subtract Interfund Transfers Out126,51971,424145,000298,678346,985154,456
195D
Amount - Net Expenditures1,097,4921,217,1171,298,0361,899,509831,719762,674


Calculated amount1,097,4921,217,1171,298,0361,899,509831,719762,674


Amounts in AGREEMENT??YesYesYesYesYesYes


Difference














401APart 10Number of residential accounts billed Water





401BWater /Number of residential accounts billed Sewer



1,295
402ASewer Amount processed and/or purchased in units Water5447,689,0004,800,000


402BOperationsAmount processed and/or purchased in units Sewer4854,849,0004,600,0005,8105,151
403A
Total amount billed in units - Water3738,870,0003,400,000


403B
Total amount billed in units - Sewer4954,849,0004,6005,8105,150
404A
Of the total in 403A above how many units were Residential W3029,688,0002,400,000


404B
Of the total in 403B above how many units were Residential S1717,246,0001,4001,9002,023
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



6
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



6
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 above224,101307,699310,860


408B
Dollars related to 403B above234,835240,786242,40018,80018,362
409A
Dollars related to 404A above185,415189,432226,272


409B
Dollars related to 404B above110,028109,68283,4008,70010,770
410A
Dollars related to 405A above





410B
Dollars related to 405B above



5,600
411A
Dollars related to 406A above





411B
Dollars related to 406B above



5,600
412A
Dollars related to 407A above





412B
Dollars related to 407B above





421A
Number of residential accounts billed - Water777740739


421B
Number of residential accounts billed - Sewer431434483470

422A
Number of non-residential & bulk accounts billed - Water624953


422B
Number of non-residential & bulk accounts billed - Sewer54444348

423A
Estimated percentage of accounts outside of municipal limits
































950.0
OfficialGaynell Donnelly

951.0
TitleFinance Officer

952.0
Date09/21/201110/18/201009/24/200909/15/200808/23/200709/06/2006
953.0
ContactGaynell Donnelly

954.0
TitleFinance Officer

955.0
Phone828-874-0333




956.0
Fax828-874-0022




957.0
E-Mail:


















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Key Ratios and Operations Statistics of Water and Sewer Systems for



Town of Rutherford College













201120102009200820072006








Population
1,3421,3061,3051,2971,3001,295
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
$552,917554,803436,283239,946226,500218,103
Total Operating Revenues Per Capita
$412425334185174168
Group Weighted Average Revenues Per Capita540511491492485464
State Weighted Average Revenues Per Capita404384353365367356








% to Total Operating Revenues






Operating Expenses
101.75%104.11%120.33%152.60%160.23%149.53%
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
-1.75%-4.11%-20.33%-52.60%-60.23%-49.53%
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
1.59%11.97%30.94%46.05%52.45%47.24%
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%0.00%
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
-12.43%-18.33%-69.41%-21.43%-21.69%-20.36%
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
19.665.8513.9114.9715.1714.69
Group Weighted Average
3.563.373.102.843.253.58
State Weighted Average
3.483.202.812.962.902.82








Days Sales in Receivables
31.133.544.242.443.543.5
Group Weighted Average
46.851.444.147.945.844.0
State Weighted Average
54.458.958.655.260.057.8








Days Cash on Hand
939.2798.4842.0751.6707.1778.7
Group Weighted Average
358.6346.3349.2373.6497.2407.8
State Weighted Average
505.4465.8424.9457.2497.5457.2








Cash flow from Operations
$117,682102,28138,377-23,89636,237-5,692








Debt to Equity
0.470.480.480.400.400.40
Group Weighted Average
0.260.280.280.310.280.28
State Weighted Average
0.600.600.570.560.560.52








Debt per Capita
1,1741,2171,185844853867
Group Weighted Average
834871824898782740
State Weighted Average
1,2821,2531,1291,1391,101988








Capital Expenditures:
201120102009200820072006


$38,877129,4219,2219,77500










2005200420032002



$06,270247,9011,325,908









Capital Contributions: Excluded from income above
$12,860140,670840,985000
















Operating Statistics














Estimated population of the areas served Water00000NA
Estimated population of the areas served Sewer00001,295NA








Number of Gallons of Water Processed (000) omitted5447,689,0004,800,00000NA
Number of Gallons of Sewage Processed (000) omitted4854,849,0004,600,0005,8105,151NA








Number of Gallons of Water Billed (000) omitted3738,870,0003,400,00000NA
Number of Gallons of Sewage Billed (000) omitted4954,849,0004,6005,8105,150NA








Ratio of Water Billed to Water Processed0.684390.815070.70833

NA
Ratio of Sewage Billed to Sewage Processed1.014651.000000.001001.000000.99981NA








Total Revenue from Water Sales224,101307,699310,86000NA
Total Revenue from Sewage Sales234,835240,786242,40018,80018,362NA








Water Revenue per 1000 gallons of Sales





NA
Sewage Revenue per 1000 gallons of Sales




14.17915NA








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$6,186.686690.006380.09428

NA
Residential Sewage Sales per thousand Gallons$6,316.188290.0063659.571434.578955.32378NA








Water Sales per thousand Gallons outside Municipal Limits




NA
Sewage Sales per thousand Gallons outside Municipal Limits



933.33333NA








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 %195.01%175.89%147.13%174.83%173.96%
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
Municipality96.80%95.79%96.20%97.65%96.60%
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
Municipality853844827814779
Pop. Group294277265256236
Statewide478456455449450






Municipal Population Group: 1,000 to 2,499






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Analysis of Revenue

20072008200920102011
Property Tax$7286889185
Utility174185334424412
Sales Tax183189155120114
Sales & Services00000
Intergovernmental111128362275177
Debt Proceeds765005010
Other Miscellaneous80774321021
Total$1,3856651,371970819

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Analysis of Revenue for Fiscal 2011











2011
2011
CategoryRevenue
Per Capita
Property Tax$113,802
$85
Water/Sewer552,917
412
Electric0
0
Other Utilities0
0
Sales Tax154,996
114
Sales & Services0
0
Intergovernment236,956
177
Debt Proceeds12,861
10
Miscellaneous27,763
21
Total$1,099,295
$819





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$331,600
$248
Water/Sewer474,327
353
Electric0
0
Other Utilities0
0
Debt Service151,809
113
Transportation68,474
51
Public Safety0
0
Other71,282
53
Total$1,097,492
$818





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$102,656
$76
Water/Sewer Capital38,877
29
Electric Capital0
0
Other Capital0
0
Other Operating955,959
713
Total$1,097,492
$818





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






Last Updated 6/15/2012 11:43:28 AM