North Carolina
Department of State Treasurer
Financial Information
City of King



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 Stokes 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$2,170,898 $2,216,934 $2,050,942 $1,904,103 $1,825,102 $1,723,849


Utility 4,417,954 4,065,486 3,886,835 3,799,297 3,630,848 3,434,381


Sales Tax 473,603 531,445 711,684 774,337 754,011 685,324


Sales & Services 821,376 782,880 639,217 640,356 603,413 564,836


Intergovernmental 1,112,055 1,189,423 859,157 969,685 873,416 960,585


Debt Proceeds 89,100 998,260 - - - -


Other Miscellaneous 196,215 151,333 309,687 553,453 684,543 872,964


Total$9,281,201 9,935,761 8,457,522 8,641,231 8,371,333 8,241,939










Expenditures by Function







Utility$3,146,002 3,990,777 2,649,367 3,334,431 3,193,084 3,212,643


Debt Service 306,550 307,781 1,308,761 556,446 438,215 425,675


Transportation 420,899 307,500 419,191 616,140 572,599 709,219


General Government 639,115 797,031 598,562 629,205 774,918 569,971


Public Safety 2,791,873 2,737,459 2,552,901 2,282,434 2,656,666 2,209,366


Other 957,968 847,705 1,002,216 1,041,237 1,336,120 1,136,545


Total$8,262,407 8,988,253 8,530,998 8,459,893 8,971,602 8,263,419










Expenditures by Object







Salaries & Wages$4,177,077 3,997,873 3,946,326 3,739,217 3,597,163 3,259,634


Capital Outlay 214,337 1,266,485 498,962 848,830 1,570,306 1,411,456


Other Operating + Debt Service 3,870,993 3,723,895 4,085,710 3,871,846 3,804,133 3,592,329


Total$8,262,407 8,988,253 8,530,998 8,459,893 8,971,602 8,263,419



















Per Capita Revenues by Source







Property Tax$314 334 311 292 287 278


Utility 639 613 589 583 571 553


Sales Tax 68 80 108 120 119 110


Sales & Services 119 118 97 98 95 91


Intergovernmental 161 179 130 149 137 155


Debt Proceeds 13 151 - - - -


Other Miscellaneous 28 23 47 85 108 141


Total$1,342 1,498 1,282 1,327 1,317 1,328










Per Capita Expenditures by Function







Utility$455 602 401 512 502 518


Debt Service 44 46 198 85 69 69


Transportation 61 46 64 95 90 114


General Government 92 120 91 97 123 92


Public Safety 404 413 387 350 418 356


Other 138 128 152 160 210 183


Total$1,194 1,355 1,293 1,299 1,412 1,332










Per Capita Expenditures by Object







Salaries & Wages$604 603 598 574 566 525


Capital Outlay 31 191 76 130 247 227


Other Operating 559 561 619 595 599 580


Total$1,194 1,355 1,293 1,299 1,412 1,332










Population GroupNo Electric 2,500 to 9,999 No Electric 2,500 to 9,999 No Electric 2,500 to 9,999 No Electric 2,500 to 9,999 No Electric 2,500 to 9,999 No Electric 2,500 to 9,999


Number of Municipalites in Group 119 122 120 120 124 123


Average Population In Group 4,793 4,664 4,697 4,793 4,727 4,663


City of King Population 6,918 6,631 6,599 6,514 6,356 6,206

Group Average Per Capita Revenues by Source







Property Tax 356 342346336310306


Utility 392 322314310313326


Sales Tax 125 125144160160154


Sales & Services 86 8885807874


Intergovernmental 237 202185180174160


Debt Proceeds 127 8020917110895


Other Miscellaneous 131 106105133160126


Total 1,454 1,2651,3881,3701,3031,241










Group Average Per Capita Expenditures by Function







Utility 422 419414370332305


Debt Service 111 1031001029698


Transportation 91 9595110111112


General Government 173 179185169159156


Public Safety 314 323318318310280


Other 242 220219230235209


Total 1,353 1,3391,3311,2991,2431,160










Group Average Per Capita Expenditures by Object







Salaries & Wages 447 431429414405390


Capital Outlay 250 325317279252205


Other Operating 655 583585606584564


Total 1,352 1,3391,3311,2991,2411,159


















General Fund
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201120102009200820072006

General Fund revenues$4,663,598 4,783,842 4,531,831 4,661,410 4,627,151 4,565,243

General Fund expenditures 4,741,322 4,613,003 4,406,938 4,907,422 5,165,631 4,580,070

Operating transfers in 14,452 26,725 5,252 1,216 2,410 -

Operating transfers out 18,721 27,066 2,536 15,303 14,597 31,243

Capital leases and installment purchase proceeds 89,100 77,718 - 273,636 543,057 44,000

Other items 21,555 4,728 4,178 817 22,000 38,247

Excess of revenues and other sources over (under) expenditures and other uses 28,662 252,944 131,787 14,354 14,390 36,177










Fund balance available (FBA):







In dollars$2,486,573 2,517,574 2,061,712 1,930,216 1,845,496 2,189,764


FBA as a % of GF Net Expenditures:







Unit's FBA %53.2355.1846.7641.5239.8047.94


Group weighted average FBA %69.3067.3970.2565.0564.3162.32


State weighted average Non-Electric Group41.0738.7037.8936.6637.3937.38


State weighted average FBA %39.5337.4737.0336.3436.5436.96

















Enterprise Funds:
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Water/Sewer













Combined financial results:







Working capital$3,583,138 2,845,016 2,078,207 1,664,660 1,142,252 667,143


Quick ratio4.70 5.64 4.07 2.66 2.09 1.73


Net income889,946 982,665 985,801 1,048,050 1,729,759 1,178,861


Cashflow from operations1,484,753 1,210,176 1,112,869 1,107,012 982,196 1,174,811


Depreciation & Amortization Expense592,791 558,672 568,543 553,692 514,673 483,153


























Cash, Investments and Financing
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201120102009200820072006











Population at July 1st of the Previous Year6,9186,6316,5996,5146,3566,206


Population GroupNo Electric 2,500 to 9,999 No Electric 2,500 to 9,999 No Electric 2,500 to 9,999 No Electric 2,500 to 9,999 No Electric 2,500 to 9,999 No Electric 2,500 to 9,999


Cash &Investments$5,863,284 $4,655,000 $4,012,497 $3,949,404 $3,526,111 $3,395,285


Investment Earnings48,915 18,468 68,707 178,931 200,632 141,568


Tax Rate Equivalent0.00840.00310.01250.03360.03910.0292


Tax Rate Equivalent Group weighted average0.00330.00550.01300.02940.04370.0322


Tax Rate Equivalent Statewide weighted average0.03170.02470.01330.05240.09200.0573


Latest year of Revaluation 200920092005200520052005


January 1, Prior Year Assessed Valuation$583,231,369 587,837,376 550,889,154 531,937,257 513,062,453 485,416,531


Tax Rate0.37990.37990.35990.35990.35990.3599


Tax Rate Group weighted average0.27780.25520.26970.26690.31160.3191


Tax Rate State Wide0.41220.40900.42620.42380.44500.4321


Assessment -to-Sales Ratio96.5998.0689.4791.8395.7499.84


Assessment -to-Sales Ratio Group weighted average102.19102.8492.1790.9283.5191.52


Assessment -to-Sales Ratio Statewide101.4798.2790.8188.5388.4192.28


Assessed Valuation Adjusted for Assesment to Sales Ratio$603,821,689 599,467,037 615,724,996 579,263,048 535,891,428 486,194,442


EffectiveTax Rate0.36690.37250.32200.33050.34460.3593


Group weighted average Effective Tax Rate0.28380.26240.24860.24270.26020.2921


Statewide weighted average Effective Tax Rate0.41830.40200.38700.37520.39340.3987


Percent Collected97.300098.110098.010098.720098.170097.4800


Percent Collected Group weighted average96.6795.4095.4195.8196.7096.72


Percent Collected Statewide97.4297.3597.3497.5697.5897.55


Percent Collected Excluding Motor Vehicles98.1198.6298.5799.3898.7198.95


Percent Collected Excluding Motor Vehicles Group weighted average97.3897.4397.5598.0697.9998.08


Percent Collected Excluding Motor Vehicles Statewide weighted average98.2598.2398.3098.6598.5998.61


Percent Collected Motor Vehicles Only 87.5192.2192.1292.5492.9384.41


Percent Collected Motor Vehicles Only Group weighted average85.3885.6085.2385.7586.0486.22


Percent Collected Motor Vehicles Only Statewide weighted average 86.4186.3886.5586.7486.7186.80


Tax Uncollected209,682 201,644 205,132 192,212 191,908 193,127


Tax Rate Equivalent0.03600.03430.03720.03610.03740.0398


Dominant County: Stokes






Debt Information








Population Group5,000 to 9,9995,000 to 9,9995,000 to 9,9995,000 to 9,9995,000 to 9,9995,000 to 9,999


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$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 Group79 89 69 71 93 117


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 Average0.0680%0.0786%0.0531%0.0577%0.0861%0.1199%


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$1,713,948 139,449 163,948 187,483 210,094 231,815


--General Government674,258 871,686 1,086,159 1,300,068 1,513,432 1,126,269


Total*$2,388,206 1,011,135 1,250,107 1,487,552 1,723,526 1,358,085


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




Revenue Bond Debt $497,967 542,700 587,432 1,152,165 1,696,898 2,221,631


















Annual Financial Information Report Detail
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LineSectionDescription201120102009200820072006

Population at July 1st of the Previous Year Adjusted for Boundry Changes6,9186,6316,5996,5146,3566,206









1.5AFISCAL Governmental Activities Assets12,609,70512,805,77112,667,75512,632,14912,192,99811,359,336
1.5BSUMMARYGovernmental Activities Liabilities1,679,8741,877,0452,204,6852,477,2042,531,7162,088,581
3.5A
Business Type Activities Assets21,872,63819,787,47318,228,48417,779,02117,241,98416,050,075
3.5B
Business Type Activities Liabilties3,097,6061,902,3881,326,0641,862,4012,373,4152,911,265
6.5A
Fiduciary Funds Assets





6.5B
Fiduciary Funds Liabilties





10.0PART 2Current Collections of Unit -Wide Levy2,139,8722,171,5072,012,3571,857,9801,777,5081,687,758
11.0TAXCurrent Collections of Special Tax Districts





12.0REVENUESPrior Years' Levy Collections22,34241,61635,22441,51940,58228,634
13.0
Penalties and Interest8,6843,8113,3614,6047,0127,457
14.0
Collections of Taxes Previously Written Off





15.0
Animal Tax





15.1
Solid Waste Disposal Tax4,4955,5681,961


16.0
1% Local Government Option Sales Tax176,942180,628711,684186,750181,345195,680
17.0
1/2% Local Government Option Sales Tax (40)204,198205,582
224,836218,980186,935
18.0
1/2% Local Government Option Sales Tax (42)96,574134,452
224,015218,194177,232
18.5
1/2% Local Government Option Sales Tax (44)-4,11110,783
138,736135,492125,477
19.0
Privilege Licenses





19.2
Privilege -- All other privileges and pemits





20.0
Auto Licenses27,98214,659



21.0
Vehicle Tax for Public Transportation





22.0
Other Licenses9,684
56,09051,67224,43640,827
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.7,612
1,059


29.0REVENUESGeneral Government





30.0
Public Safety83,128171,184
5,4148,438116,080
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 - State199,075
171,977171,944174,674171,011
40.0INTERGOVUnauthorized Substance Tax1,71213,8821,7423,485

41.0REVENUESTransitional Hold Harmless231,322184,701



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 Tax344,731359,856312,734447,253291,019260,913
45.0
Beer and Wine Tax29,0839,36229,06729,08327,84026,744
46.0
Powell Bill188,221186,178210,142231,006202,533201,683
50.0
Court Fees - Facilities and Arrest Fees2,1175,2073,6008,6095,3904,334
51.0
General Government1,0001,250



52.0
Public Safety14,3047,500

17,3104,852
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 Other1,7501,750



60.0
Culture and Recreation




174,968
61.0LOCALPayments in Lieu of Taxes - Local
204,909



62.0INTERGOVGeneral Government





63.0REVENUESPublic Safety
35,644128,83672,891146,212
64.0
Transportation - Streets8,0008,000



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 Permits30,19030,19746,98066,71378,85774,732
72.0& FEESInspection Fees





72.1
Amusements licensing and permit taxes





73.0
Other Permits





74.0SALES &Parking Revenues
251,3009252,1803,603
75.0SERVICESRents and Royalties28,18936,754



76.0
Airport





77.0
Fire Protection Charges610,190588,790566,288563,925545,125520,418
78.0
Solid Waste21,9356,670
1,0501,0201,545
79.0
Ambulance and Rescue Squad Charges





80.0
Cemeteries





81.0
Recreation Service Revenues
27,90533,40925,18722,15825,822
82.0
Library Service Revenues





83.0
Other Cultural and Rec Service Revenues52,69431,73315,29224,67320,9866,075
84.0
Mass Transit - City Operated





85.0
Other Sales and Services108,36891,00322,92824,59611,9447,373
86.0UTILITYWater and Sewer Charges4,417,9544,065,4863,886,8353,799,2973,630,8483,434,381
87.0REVENUESElectric Charges





88.0
Gas Charges





88.1
Storm Water Fees





89.0MISC.Investment Earnings - Bond Proceeds





90.0REVENUESInvestment Earnings - All Other Funds48,91518,46868,707178,931200,632141,568
91.0
Special Assessments





92.0
Private Contributions and Donations
16,9236002,100234,165503,425
93.0
Sales of Materials and Fixed Assets21,5554,728
14,2415,422
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 Revenues20,0422,541134,426239,796141,031112,412
99.0
Proceeds of Sale of Bonds and Notes





100.0
Proceeds of Capital Leases/Install Purchases89,100998,260



101.0
Other33,35258,249923


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 & Wages13,82814,25214,02514,76614,50814,513
109BGENERALGoverning Body - Other Direct78,14151,69332,61638,00851,80348,307
109CGOVTGoverning Body - Construction





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





110A
Administration - Salaries & Wages88,63382,94483,423196,898198,249179,232
110B
Administration - Other Direct85,81198,84918,840162,786133,875111,910
110C
Administration - Construction





110D
Administration - Purchase of P,P&E

27,995566131,2174,254
111A
Elections - Salaries & Wages





111B
Elections - Other Direct





111C
Elections - Construction





111D
Elections - Purchase of P,P&E





112A
Finance - Salaries & Wages95,183108,632108,060


112B
Finance - Other Direct26,80423,31219,187


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

19,83237,30139,89638,615
115B
Public Buildings - Other Direct51,219104,771115,19299,068177,190104,763
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 & Wages56,96448,775



117B
Central Services - Other Direct108,892108,444



117C
Central Services - Construction





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





118A
Gen. Govt. All Other - Salaries & Wages31,43829,18429,27527,97327,23758,130
118B
Gen. Govt. All Other - Other Direct2,202126,175119,50251,83994310,247
118C
Gen. Govt. All Other - Construction





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

10,615


119APUBLICPolice & Comm - Traffic Control - Salaries and Wages1,228,6581,250,8831,163,7861,087,1041,148,0111,046,383
119BSAFETYPolice & Comm - Traffic Control - Other Direct280,397185,063158,806132,781169,060224,333
119C
Police & Comm - Traffic Control - Construction





119D
Police & Comm - Traffic Control - Purchase of P,P&E
78,92961,40256,399110,79247,705
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 & Wages971,510870,341837,782732,330630,237534,078
122B
Fire - Other Direct253,012211,183228,994150,455179,543264,225
122C
Fire - Construction





122D
Fire - Purchase of P,P&E
101,74165,81845,769338,22216,153
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 Direct7,711



2,040
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

80,35276,94072,55860,285
128B
Streets and Highways - Other Direct
78,20689,484481,428191,15560,914
128C
Streets and Highways - Construction





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

116,680
256,645588,020
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 & Wages91,73890,086



130B
Powell Bill - Other Direct329,161133,436



130C
Powell Bill - Construction





130D
Powell Bill - Purchase of P,P&E
5,772



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

51,57048,08441,956
135B
Transpor. All Other - Other Direct

81,1059,51610,285
135C
Transpor. All Other - Construction





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


172

136AENVIRONSolid Waste - Salaries & Wages17,26015,42814,25013,83513,30714,387
136BMENTALSolid Waste - Other Direct334,867331,380308,033347,803328,551323,685
136CPROTECTIONSolid Waste - Construction





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

17,319


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 & Wages118,637111,543162,452143,039137,689127,436
140B& PHYSICALPlanning & Zoning - Other Direct13,95310,81227,48219,70118,76421,530
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
3,2673,05517,9857,4084,281
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


64,493498,212
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

87,45880,52386,02986,141
152C
Human Serv. All Other - Construction





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





153ACULTURE Recreation & Parks - Salaries & Wages89,74782,36979,80680,38374,87472,969
153BRECREATIONRecreation & Parks - Other Direct249,485210,57546,14781,851154,340132,648
153C
Recreation & Parks - Construction





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

173,080


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 Direct38,49936,18011,384133,9109,11412,801
156C
Libraries - Construction





156D
Libraries - Purchase of P,P&E

26,053


157A
Cult. & Recr. All Other - Salaries & Wages39,07735,47833,00825,990

157B
Cult. & Recr. All Other - Other Direct56,44310,67312,68931,7247,832340,667
157C
Cult. & Recr. All Other - Construction





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





158AUTILITYWater & Sewer - Salaries & Wages1,334,4041,257,9581,268,7051,254,5741,198,6411,113,606
158B
Water & Sewer - Other Direct 1,597,2611,652,7761,380,6621,333,9331,261,0131,343,713
158C
Water & Sewer - Construction


635,568635,568631,061
158D
Water & Sewer - Purchase of P,P&E214,3371,080,043
110,35697,862124,263
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 & Fees23,32426,573
80,837106,843127,999
161DSERVICEWater & Sewer - Principal283,226281,2081,308,761


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 & Fees


475,609331,372297,676
166D
All Other - Principal





167BPENSIONDirect Benefit Program - Other Direct





168BFRINGEFringe Benefits Unallocated





169B
Separation Allowance - Law Enforcement


42,87144,97341,437
170B
Separation Allowance - Other Employees





171B
Supplemental Retirement - Law Enforcement50,58539,31936,31334,72535,82833,012
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 vehicles2,051,558.2,035,203.001,871,289.001,713,382.001,640,712.001,576,023.00
180.0
Current year's levy -- Motor vehicles (only)171,010.173,485.00178,444.00181,576.00170,823.00176,526.00
181.0PART 6Uncollected Taxes - Current Year's Levy Except Mot Veh38,672.28,159.0026,688.0010,636.0021,085.0016,601.00
182.0OTHERUncollected Taxes - CY Levy -Motor Vehicles21,35613,50914,05713,54912,08527,527
183.0DATAPercentage of Taxes Collected - All Property %97.3098.1198.0198.7298.1797.48
184.0DATAPercentage of Taxes Collected - Exclude Motor Vehicles%98.1198.6298.5799.3898.7198.95
185.0
Percentage of Taxes Collected - Motor Vehicles %87.5192.2192.1292.5492.9384.41
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 Other5,863,2844,655,0004,012,4973,949,4043,526,1113,395,285
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 Revenues9,281,2019,935,7618,457,5228,641,2318,371,3338,241,939
194BFISCALAmount - Subtract Refunding Bond Proceeds





194CSUMMARYAmount - Subtract Interfund Transfers In





194D
Amount - Net Revenues9,281,2019,935,7618,457,5228,641,2318,371,3338,241,939


Calculated amount9,281,2019,935,7618,457,5228,641,2318,371,3338,241,939


Amounts in AGREEMENT??YesYesYesYesYesYes


Difference





195A
Amount - Total Expenditures8,262,4078,988,2538,530,9988,459,8938,971,6028,263,419
195B
Amount - Subtract Pymts. to Refunded Debt Agent





195C
Amount - Subtract Interfund Transfers Out





195D
Amount - Net Expenditures8,262,4078,988,2538,530,9988,459,8938,971,6028,263,419


Calculated amount8,262,4078,988,2538,530,9988,459,8938,971,6028,263,419


Amounts in AGREEMENT??YesYesYesYesYesYes


Difference














401APart 10Number of residential accounts billed Water



7,890
401BWater /Number of residential accounts billed Sewer



2,900
402ASewer Amount processed and/or purchased in units Water



93,381
402BOperationsAmount processed and/or purchased in units Sewer



31,034
403A
Total amount billed in units - Water
97,98488
403B
Total amount billed in units - Sewer
33,00033
404A
Of the total in 403A above how many units were Residential W
87,53087
404B
Of the total in 403B above how many units were Residential S
22,71533
405A
Of the total in 403 above, how many units were Outside Muni W



5
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



5
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 above2,460,1542,271,980407,719407,432393,942
408B
Dollars related to 403B above1,896,7721,595,007275,738253,613227,634
409A
Dollars related to 404A above
730,584360,636358,634348,964
409B
Dollars related to 404B above
1,184,672216,048198,980179,873
410A
Dollars related to 405A above

1
265,778
410B
Dollars related to 405B above



54,163
411A
Dollars related to 406A above



251,564
411B
Dollars related to 406B above



45,662
412A
Dollars related to 407A above





412B
Dollars related to 407B above





421A
Number of residential accounts billed - Water7,6057,5087,5307,534

421B
Number of residential accounts billed - Sewer2,4062,0762,7152,688

422A
Number of non-residential & bulk accounts billed - Water439449454460

422B
Number of non-residential & bulk accounts billed - Sewer
273285293

423A
Estimated percentage of accounts outside of municipal limits111





























950.0
OfficialSusan O"Brien

951.0
TitleDirector of Finance and Personnel

952.0
Date10/31/201111/01/201011/16/200910/28/200811/05/200712/04/2006
953.0
Contactsame as above

954.0
Title


955.0
Phone336-944-6878




956.0
Fax336-422-7178




957.0
E-Mail:


















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Key Ratios and Operations Statistics of Water and Sewer Systems for



City of King













201120102009200820072006








Population
6,9186,6316,5996,5146,3566,206
Population Group
No Electric 2,500 to 9,999 No Electric 2,500 to 9,999 No Electric 2,500 to 9,999 No Electric 2,500 to 9,999 No Electric 2,500 to 9,999 No Electric 2,500 to 9,999
Total Operating Revenues
$4,417,9544,065,4863,886,8353,799,2973,630,8483,434,382
Total Operating Revenues Per Capita
$639613589583571553
Group Weighted Average Revenues Per Capita465442409396397412
State Weighted Average Revenues Per Capita404384353365367356








% to Total Operating Revenues






Operating Expenses
79.65%84.13%83.51%84.60%84.02%85.34%
Group Weighted Average
93.10%92.87%93.32%93.18%90.16%87.26%
State Weighted Average
82.59%85.08%89.86%86.70%82.47%81.57%








Operating Margin
20.35%15.87%16.49%15.40%15.98%14.66%
Group Weighted Average
6.90%7.13%6.68%6.82%9.84%12.74%
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%0.06%
Group Weighted Average
2.55%3.37%2.01%1.52%2.84%2.59%
State Weighted Average
0.85%1.71%1.26%1.45%1.20%1.83%








Operating Transfers Out
0.33%0.66%1.48%1.65%0.07%0.00%
Group Weighted Average
5.13%4.49%7.69%4.05%4.95%2.33%
State Weighted Average
1.89%1.79%2.55%3.08%1.94%2.63%








Net Income before capital contributions
20.14%14.25%25.36%15.08%15.79%12.45%
Group Weighted Average
-5.62%3.49%0.41%2.42%-2.67%6.45%
State Weighted Average
8.52%7.13%-10.44%7.19%11.65%9.59%








Key Ratios and Cash Flow














Quick Ratio
4.705.644.072.662.091.73
Group Weighted Average
3.362.993.223.123.263.67
State Weighted Average
3.483.202.812.962.902.82








Days Sales in Receivables
68.874.883.571.272.871.8
Group Weighted Average
53.357.765.252.352.853.8
State Weighted Average
54.458.958.655.260.057.8








Days Cash on Hand
372.1340.3257.0273.4222.9151.3
Group Weighted Average
360.2368.6384.6439.3462.7413.2
State Weighted Average
505.4465.8424.9457.2497.5457.2








Cash flow from Operations
$1,484,7531,210,1761,112,8691,107,012982,1961,174,811








Debt to Equity
0.140.080.050.090.130.19
Group Weighted Average
0.410.400.400.310.280.25
State Weighted Average
0.600.600.570.560.560.52








Debt per Capita
388225129225311398
Group Weighted Average
924863806631533484
State Weighted Average
1,2821,2531,1291,1391,101988








Capital Expenditures:
201120102009200820072006


$214,3371,080,0430745,924733,430755,324










2005200420032002



$650,867675,082599,775649,556









Capital Contributions: Excluded from income above
$0403,4270475,2851,156,330751,297
















Operating Statistics














Estimated population of the areas served Water00007,890NA
Estimated population of the areas served Sewer00002,900NA








Number of Gallons of Water Processed (000) omitted000093,381NA
Number of Gallons of Sewage Processed (000) omitted000031,034NA








Number of Gallons of Water Billed (000) omitted097,98488NA
Number of Gallons of Sewage Billed (000) omitted033,00033NA








Ratio of Water Billed to Water Processed



0.00009NA
Ratio of Sewage Billed to Sewage Processed



0.00010NA








Total Revenue from Water Sales2,460,1542,271,980407,719407,432393,942NA
Total Revenue from Sewage Sales1,896,7721,595,007275,738253,613227,634NA








Water Revenue per 1000 gallons of Sales




49.92928NA
Sewage Revenue per 1000 gallons of Sales




78.49448NA








Group Average Sales per thousand Gallons Water$0.00493$146.64376$40.01634$1,510.62899$1,842.80047NA
Group Average Sales per thousand Gallons Sewage$0.00751$72.11574$36.04590$1,288.89426$1,811.42912NA








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
92,478.9873447.8932344,829.2500049,852.00000NA
Residential Sewage Sales per thousand Gallons
564,129.5238179.5756966,326.6666759,957.66667NA








Water Sales per thousand Gallons outside Municipal Limits



53,155.60000NA
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 %39.80%41.52%46.76%55.18%53.23%
Group average FBA %64.31%65.05%70.25%67.39%69.30%
State average Electric/Non Electric Group FBA %37.39%36.66%37.89%38.70%41.07%
State average FBA %36.54%36.34%64.31%37.47%39.53%






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

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Analysis of Property Tax

20072008200920102011
Municipality98.17%98.72%98.01%98.11%97.30%
Pop. Group96.70%95.81%95.41%95.40%96.67%
Statewide97.58%97.56%97.34%97.35%97.42%






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






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Analysis of General Obligation Debt

20072008200920102011
Municipality00000
Pop. Group9371698979
Statewide478456455449450






Municipal Population Group: 5,000 to 9,999






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Analysis of Revenue

20072008200920102011
Property Tax$287292311334314
Utility571583589613639
Sales Tax1191201088068
Sales & Services959897118119
Intergovernmental137149130179161
Debt Proceeds00015113
Other Miscellaneous10885472328
Total$1,3171,3271,2821,4981,342

Go to top of page
Analysis of Revenue for Fiscal 2011











2011
2011
CategoryRevenue
Per Capita
Property Tax$2,170,898
$314
Water/Sewer4,417,954
639
Electric0
0
Other Utilities0
0
Sales Tax473,603
68
Sales & Services821,376
119
Intergovernment1,112,055
161
Debt Proceeds89,100
13
Miscellaneous196,215
28
Total$9,281,201
$1,342





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





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Analysis of Expenditures by Function for Fiscal 2011











2011
2011
CategoryExpenditures
Per Capita
General Government$639,115
$92
Water/Sewer3,146,002
455
Electric0
0
Other Utilities0
0
Debt Service306,550
44
Transportation420,899
61
Public Safety2,791,873
404
Other957,968
138
Total$8,262,407
$1,194





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





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Analysis of Expenditures by Object for Fiscal 2011






2011
2011
CategoryExpenditures
Per Capita
Salaries & Wages$4,177,077
$604
Water/Sewer Capital214,337
31
Electric Capital0
0
Other Capital0
0
Other Operating3,870,993
559
Total$8,262,407
$1,194





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






Last Updated 6/15/2012 11:46:59 AM