North Carolina
Department of State Treasurer
Financial Information
Town of Huntersville

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

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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 Go to top of page			2011	2010	2009	2008	2007	2006
	Revenues by Source
		Property Tax	$15,346,128	14,779,608	14,316,120	13,461,494	11,912,414	10,655,382
		Utility	11,401,790	10,196,711	9,510,934	9,390,321	7,437,891	7,203,253
		Sales Tax	2,840,422	2,874,502	2,946,122	3,301,146	3,039,139	2,832,418
		Sales & Services	3,067,463	2,912,789	2,917,295	2,613,805	1,980,872	1,822,361
		Intergovernmental	5,338,118	6,639,513	6,234,964	5,119,126	4,976,807	4,188,706
		Debt Proceeds	9,743,411	1,635,710	18,618,958	6,339,131	1,287,523	1,438,192
		Other Miscellaneous	1,155,800	1,560,220	2,086,092	2,644,166	3,126,352	2,479,828
		Total	$48,893,132	40,599,053	56,630,485	42,869,189	33,760,998	30,620,140

	Expenditures by Function
		Utility	$9,993,962	8,918,873	9,067,733	8,849,310	7,702,300	6,647,569
		Debt Service	3,677,816	3,140,158	2,106,316	2,070,045	2,119,592	2,293,117
		Transportation	8,145,546	6,118,086	5,293,136	5,091,297	4,248,414	4,634,300
		General Government	1,807,234	17,337,180	3,188,415	5,470,171	2,752,133	2,793,601
		Public Safety	10,667,768	12,122,725	10,712,944	9,038,852	7,713,283	6,314,105
		Other	7,639,258	7,702,514	7,973,264	8,150,195	9,195,812	5,991,407
		Total	$41,931,584	55,339,536	38,341,808	38,669,870	33,731,534	28,674,099

	Expenditures by Object
		Salaries & Wages	$8,372,304	8,722,158	8,085,828	7,443,309	6,254,052	5,470,875
		Capital Outlay	7,919,612	21,342,062	5,137,245	8,230,957	7,062,080	5,322,641
		Other Operating + Debt Service	25,639,668	25,275,316	25,118,735	22,995,604	20,415,402	17,880,583
		Total	$41,931,584	55,339,536	38,341,808	38,669,870	33,731,534	28,674,099


	Per Capita Revenues by Source
		Property Tax	$327	359	356	343	347	337
		Utility	243	247	237	240	216	228
		Sales Tax	59	69	73	84	88	90
		Sales & Services	65	71	73	67	58	58
		Intergovernmental	114	161	155	131	145	132
		Debt Proceeds	207	40	464	162	37	45
		Other Miscellaneous	25	38	52	67	91	78
		Total	$1,040	985	1,410	1,094	982	968

	Per Capita Expenditures by Function
		Utility	$213	216	226	226	224	210
		Debt Service	78	76	52	53	62	72
		Transportation	173	148	132	130	124	146
		General Government	38	422	79	139	80	89
		Public Safety	227	294	267	231	224	200
		Other	163	187	199	208	268	189
		Total	$892	1,343	955	987	982	906

	Per Capita Expenditures by Object
		Salaries & Wages	$178	212	201	190	182	173
		Capital Outlay	169	518	128	210	206	168
		Other Operating	545	613	626	587	594	565
		Total	$892	1,343	955	987	982	906

	Population Group		Electric 10,000 to 49,999	Electric 10,000 to 49,999	Electric 10,000 to 49,999	Electric 10,000 to 49,999	Electric 10,000 to 49,999	Electric 10,000 to 49,999
		Number of Municipalites in Group	22	23	22	22	22	22
		Average Population In Group	22,715	20,466	20,622	22,003	21,233	20,452
		Town of Huntersville Population	46,994	41,216	40,167	39,191	34,365	31,646
	Group Average Per Capita Revenues by Source
		Property Tax	406	389	401	365	353	344
		Utility	2,103	1,830	1,741	1,897	1,838	1,897
		Sales Tax	126	129	143	154	155	149
		Sales & Services	112	112	106	102	99	91
		Intergovernmental	196	221	190	170	182	209
		Debt Proceeds	79	48	114	152	79	102
		Other Miscellaneous	99	150	327	279	287	167
		Total	3,121	2,879	3,022	3,119	2,993	2,959

	Group Average Per Capita Expenditures by Function
		Utility	1,936	1,782	1,815	1,907	1,817	1,915
		Debt Service	175	174	166	147	136	192
		Transportation	144	147	121	120	116	119
		General Government	130	183	184	157	136	134
		Public Safety	410	415	412	393	374	363
		Other	303	287	340	357	288	270
		Total	3,098	2,988	3,038	3,081	2,867	2,993

	Group Average Per Capita Expenditures by Object
		Salaries & Wages	641	644	628	623	586	561
		Capital Outlay	236	358	440	429	329	352
		Other Operating	2,221	1,986	1,969	2,028	1,952	2,080
		Total	3,098	2,988	3,037	3,080	2,867	2,993


General Fund Go to top of page			2011	2010	2009	2008	2007	2006
	General Fund revenues		$24,381,171	24,441,485	24,014,245	23,230,847	21,092,174	18,530,828
	General Fund expenditures		22,987,695	24,293,896	22,222,570	19,719,177	18,297,428	16,449,587
	Operating transfers in		-	-	-	-	-	-
	Operating transfers out		872,421	390,761	524,637	958,688	479,319	614,959
	Capital leases and installment purchase proceeds		-	274,670	278,480	291,035	426,300	244,206
	Other items		-	-	-	-	-	-
	Excess of revenues and other sources over (under) expenditures and other uses		521,055	31,498	1,545,518	2,844,017	2,741,727	1,710,488

	Fund balance available (FBA):
		In dollars	$0	22,747,179	22,287,181	16,658,689	16,668,367	15,031,417
		FBA as a % of GF Net Expenditures:
		Unit's FBA %	0.00	93.19	99.19	81.71	90.83	89.36
		Group weighted average FBA %	76.50	38.21	39.96	38.75	37.01	40.17
		State weighted average Electric Group	67.13	33.60	34.33	35.35	33.92	35.62
		State weighted average FBA %	29.01	37.47	37.03	36.35	36.54	36.96


Enterprise Funds: Go to top of page
	Aquatic Center, Electric

	Combined financial results:
		Working capital	$4,662,707	(1,655,129)	(2,645,819)	(2,772,871)	(3,131,692)	(2,610,568)
		Quick ratio	4.09	0.71	2.63	2.45	2.68	3.33
		Net income	1,676,375	1,489,228	824,380	1,617,824	541,885	1,408,914
		Cashflow from operations	2,342,610	2,119,163	1,717,567	1,567,655	1,436,565	1,441,668
		Depreciation & Amortization Expense	612,712	583,480	552,805	508,821	459,024	412,580



Cash, Investments and Financing Go to top of page			2011	2010	2009	2008	2007	2006

		Population at July 1st of the Previous Year	46,994	41,216	40,167	39,191	34,365	31,646
		Population Group	Electric 10,000 to 49,999	Electric 10,000 to 49,999	Electric 10,000 to 49,999	Electric 10,000 to 49,999	Electric 10,000 to 49,999	Electric 10,000 to 49,999
		Cash &Investments	$28,907,852	$32,139,075	$30,346,773	$29,564,657	$24,801,422	$22,146,239
		Investment Earnings	54,217	76,466	368,447	969,681	1,189,131	807,362
		Tax Rate Equivalent	0.0011	0.0016	0.0078	0.0220	0.0291	0.0212
		Tax Rate Equivalent Group weighted average	0.0064	0.0102	0.0304	0.0707	0.0793	0.0520
		Tax Rate Equivalent Statewide weighted average	0.0156	0.0247	0.0133	0.0524	0.0920	0.0573
		Latest year of Revaluation	2003	2003	2003	2003	2003	2003
		January 1, Prior Year Assessed Valuation	$4,982,279,532	4,870,688,863	4,704,953,552	4,411,920,939	4,086,235,372	3,807,022,819
		Tax Rate	0.2900	0.2900	0.2900	0.2900	0.2900	0.2800
		Tax Rate Group weighted average	0.4410	0.4364	0.4411	0.4498	0.4454	0.4425
		Tax Rate State Wide	0.4122	0.4090	0.4262	0.4238	0.4450	0.4321
		Assessment -to-Sales Ratio	96.00	88.93	82.90	87.33	93.76	95.06
		Assessment -to-Sales Ratio Group weighted average	101.31	96.93	88.67	87.55	90.13	92.19
		Assessment -to-Sales Ratio Statewide	101.47	98.27	90.81	88.53	88.41	92.28
		Assessed Valuation Adjusted for Assesment to Sales Ratio	$5,189,874,513	5,476,991,862	5,675,456,637	5,052,010,694	4,358,186,190	4,004,863,054
		EffectiveTax Rate	0.2784	0.2579	0.2404	0.2533	0.2719	0.2662
		Group weighted average Effective Tax Rate	0.4468	0.4230	0.3911	0.3938	0.4015	0.4080
		Statewide weighted average Effective Tax Rate	0.4183	0.4020	0.3870	0.3752	0.3934	0.3987
		Percent Collected	97.7100	98.1600	95.1800	95.9900	95.9500	96.0600
		Percent Collected Group weighted average	96.54	96.58	96.54	96.79	96.51	96.74
		Percent Collected Statewide	97.59	97.36	97.34	97.56	97.58	97.55
		Percent Collected Excluding Motor Vehicles	98.86	98.76	96.78	96.95	97.06	97.16
		Percent Collected Excluding Motor Vehicles Group weighted average	97.46	97.39	97.57	98.03	97.73	98.00
		Percent Collected Excluding Motor Vehicles Statewide weighted average	98.35	98.23	98.30	98.65	98.59	98.61
		Percent Collected Motor Vehicles Only	84.77	91.49	80.48	87.15	86.22	86.73
		Percent Collected Motor Vehicles Only Group weighted average	85.60	85.57	84.72	83.94	84.21	85.28
		Percent Collected Motor Vehicles Only Statewide weighted average	87.28	86.34	86.55	86.74	86.71	86.80
		Tax Uncollected	1,339,544	1,329,841	1,762,451	1,632,819	1,539,798	1,436,119
		Tax Rate Equivalent	0.0269	0.0273	0.0375	0.0370	0.0377	0.0377
		Dominant County: Mecklenburg
	Debt Information
		Population Group	25,000 to 49,999	25,000 to 49,999	25,000 to 49,999	25,000 to 49,999	25,000 to 49,999	25,000 to 49,999
		Ratings:
		Fitch
		Moody's	Aaa	Aaa	Aa2	Aa2
		S & P	AA+	AA+	AA+	AA

		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 Debt	15,385,000	8,335,000	8,815,000	9,070,000	4,320,000	4,575,000
		Total General Obligation Debt	15,385,000	8,335,000	8,815,000	9,070,000	4,320,000	4,575,000
		Per Capita	$327	202	219	231	126	145
		Total Per Capita for the Population Group	232	220	221	247	243	283
		Total Per Capita Statewide	450	449	455	456	478	495
		Total per Assessed Valuation Adjusted for Current Year Sales	0.2964%	0.1522%	0.1553%	0.1795%	0.0991%	0.1142%
		Total per Assessed Valuation Adjusted for Current Year Sales- Group Average	0.2405%	0.2139%	0.2012%	0.2539%	0.2706%	0.3405%
		Total per Assessed Valuation Adjusted for Current Year Sales - Statewide	0.4280%	0.4134%	0.3909%	0.4132%	0.4706%	0.5275%
		Total Authorized but not Issued General Obligation Debt	$2,470,000	2,470,000	10,000,000	10,000,000	15,000,000	15,000,000

		Installment Sales Purchases and Lease Obligations
		--Enterprise	$202,336	376,570	542,225	699,725	849,472	991,847
		--General Government	23,148,227	24,443,286	25,326,060	9,159,316	10,127,843	11,078,129
		Total*	$23,350,563	24,819,856	25,868,285	9,859,041	10,977,315	12,069,975
		* The total only includes the contracts that require Local Government Commission approval.
		Revenue Bond Debt	$0	0	0	0	0	0


Annual Financial Information Report Detail Go to top of page
Line	Section	Description	2011	2010	2009	2008	2007	2006
	Population at July 1st of the Previous Year Adjusted for Boundry Changes		46,994	41,216	40,167	39,191	34,365	31,646

1.5A	FISCAL	Governmental Activities Assets	130,555,947	121,143,497	117,889,359	93,131,435	80,959,402	53,704,381
1.5B	SUMMARY	Governmental Activities Liabilities	40,397,075	35,430,079	34,465,747	19,760,097	16,281,008	15,188,923
3.5A		Business Type Activities Assets	22,467,052	21,338,553	19,559,653	19,095,635	17,647,137	17,432,023
3.5B		Business Type Activities Liabilties	3,597,581	4,418,644	4,128,972	4,489,334	4,658,660	4,985,431
6.5A		Fiduciary Funds Assets
6.5B		Fiduciary Funds Liabilties
10.0	PART 2	Current Collections of Unit -Wide Levy	15,139,085	14,597,639	14,154,810	13,317,164	11,793,063	10,588,983
11.0	TAX	Current Collections of Special Tax Districts
12.0	REVENUES	Prior Years' Levy Collections	122,476	108,289	91,872	95,331	77,685	31,014
13.0		Penalties and Interest	84,567	73,680	69,438	48,999	41,666	35,385
14.0		Collections of Taxes Previously Written Off
15.0		Animal Tax
15.1		Solid Waste Disposal Tax	27,939
16.0		1% Local Government Option Sales Tax	1,406,617	1,447,669	1,477,048	1,702,209	1,568,683	1,445,547
17.0		1/2% Local Government Option Sales Tax (40)	780,394	708,693	607,810	496,832	456,612	406,833
18.0		1/2% Local Government Option Sales Tax (42)	681,479	630,688	469,225	489,449	449,934	401,507
18.5		1/2% Local Government Option Sales Tax (44)	-28,068	87,452	392,039	612,656	563,910	578,531
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 Licenses			47,240	64,864	225,721	278,169
23.0		Local Occupancy Tax	414,608	350,858	415,775	519,917	503,941	500,784
24.0		Prepared Food Tax	593,394	590,558	628,705	605,622	531,114	364,902
25.0		911 Charges
26.0		Gross Short Term lease and Rental Tax	125,868	114,306	106,460	115,627	57,616	11,276
27.0	FEDERAL	Payments In Lieu of Taxes - Federal
28.0	INTERGOV	Equitable Sharing of Fed. Forfeited Prop.
29.0	REVENUES	General Government	45,186	704,814			254,120	495,880
30.0		Public Safety
31.0		Transportation - Streets	15,800	18,500	20,000	20,000	15,000	5,000
32.0		Transportation - All Other	99,096
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
39.0	STATE	Payments In Lieu of Taxes - State
40.0	INTERGOV	Unauthorized Substance Tax		6,000	6,500	28,500
41.0	REVENUES	Transitional Hold Harmless
42.0		Wireless Enhanced 911 Service Charges
42.1		Emergency Telephone Services Fund (ETSF) Revenues (Do not include interest)
42.2		ETSF Interest Income
43.0		Piped Natural Gas Charge Distribution
44.0		Utility Franchise Tax	2,392,963	3,198,393	1,962,740	1,798,178	1,669,212	1,120,347
45.0		Beer and Wine Tax	181,655	57,304	176,006	158,299	145,524	135,441
46.0		Powell Bill	1,059,877	1,022,383	1,113,135	1,111,308	911,331	895,003
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			35,238	8,000
57.0		Econ. & Phys. Dev. - All Other	735,424	726,201	698,438	646,713	614,636	570,971
58.0		Human Services -Health, Mental Health, Hosp
59.0		Human Services - All Other
60.0		Culture and Recreation			18,482	108,825	547,753	66,600
61.0	LOCAL	Payments in Lieu of Taxes - Local
62.0	INTERGOV	General Government	426,409	540,362	1,851,965	883,676	520,731	643,661
63.0	REVENUES	Public Safety	255,840	251,250	246,000	240,000	240,884	244,527
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
71.0	PERMITS	Building Permits
72.0	& FEES	Inspection Fees
72.1		Amusements licensing and permit taxes
73.0		Other Permits	40,306	33,099	52,570	61,555	64,013	74,403
74.0	SALES &	Parking Revenues	30,002
75.0	SERVICES	Rents and Royalties
76.0		Airport
77.0		Fire Protection Charges
78.0		Solid Waste	853,241	867,797	832,534	508,342
79.0		Ambulance and Rescue Squad Charges
80.0		Cemeteries
81.0		Recreation Service Revenues	2,143,914	2,011,893	2,032,191	2,043,908	1,916,859	1,747,958
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	87,309	87,309	87,309	82,260	82,260	62,260
86.0	UTILITY	Water and Sewer Charges
87.0	REVENUES	Electric Charges	11,314,481	10,109,402	9,423,625	9,308,061	7,355,631	7,140,993
88.0		Gas Charges
88.1		Storm Water Fees
89.0	MISC.	Investment Earnings - Bond Proceeds	9,546	11,583	51,212	97,180	201,553	241,905
90.0	REVENUES	Investment Earnings - All Other Funds	54,217	76,466	368,447	969,681	1,189,131	807,362
91.0		Special Assessments
92.0		Private Contributions and Donations	28,775	44,087	180,940	35,504	4,025
93.0		Sales of Materials and Fixed Assets		33,973	19,511	15,738	2,067
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	55,260	52,632	70,750	44,625	42,500	42,500
98.0		Other Miscellaneous Revenues	2,121,967	1,635,710	1,572,753	1,332,717	1,287,523	1,438,192
99.0		Proceeds of Sale of Bonds and Notes	7,621,444		17,046,205	5,006,414
100.0		Proceeds of Capital Leases/Install Purchases		400,063	303,512	291,035	426,300	244,206
101.0		Other
102.0	NON-REV	School - Current Levy Collections
103.0	RECEIPTS	Prior 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
109A	PART 4	Governing Body - Salaries & Wages	37,300	37,300	37,300	36,050	38,550	37,350
109B	GENERAL	Governing Body - Other Direct	101,249	526,194	834,160	415,247	636,287	54,989
109C	GOVT	Governing Body - Construction	-42,595	15,044,340	308,371	478,066	477,177
109D		Governing Body - Purchase of P,P&E	126,363	384,470	612,057	2,920,829	375,662	1,284,897
110A		Administration - Salaries & Wages	769,063	789,684	792,944	933,385	687,559	645,838
110B		Administration - Other Direct	588,929	542,297	589,286	678,927	536,898	500,214
110C		Administration - Construction	49,000
110D		Administration - Purchase of P,P&E	15,050	12,895	14,297	7,667		270,313
111A		Elections - Salaries & Wages
111B		Elections - Other Direct
111C		Elections - Construction
111D		Elections - Purchase of P,P&E
112A		Finance - Salaries & Wages
112B		Finance - Other Direct
112C		Finance - Construction
112D		Finance - Purchase of P,P&E
113A		Taxes - Salaries & Wages
113B		Taxes - Other Direct
113C		Taxes - Construction
113D		Taxes - Purchase of P,P&E
114A		Legal - Salaries & Wages	94,529
114B		Legal - Other Direct	41,108
114C		Legal - Construction
114D		Legal - Purchase of P,P&E	765
115A		Public Buildings - Salaries & Wages
115B		Public Buildings - Other Direct	26,473
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
119A	PUBLIC	Police & Comm - Traffic Control - Salaries and Wages	4,569,826	4,845,686	4,559,478	4,112,877	3,308,752	2,911,079
119B	SAFETY	Police & Comm - Traffic Control - Other Direct	2,571,119	2,931,392	2,813,110	2,837,021	2,350,387	1,580,849
119C		Police & Comm - Traffic Control - Construction
119D		Police & Comm - Traffic Control - Purchase of P,P&E	371,580	379,514	494,214	458,751	548,465	522,041
120A		Emergency Communications - Salaries & Wages
120B		Emergency Communications - Other Direct			317,951	277,043	193,316	340,201
120C		Emergency Communications - Construction
120D		Emergency Communications - Purchase of P,P&E				13,967	75,936
120B		Emergency Telephone Service Fund (ETSF) Expenditures - Operating	193,321	329,511
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	1,544,101	1,275,935	1,260,595	1,035,595	809,720	630,316
122C		Fire - Construction	772,349	1,776,679	409,684	28,087	11,000
122D		Fire - Purchase of P,P&E			282,214
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	327,212	327,212	327,212	252,212	229,070	165,100
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
127A	TRANSPOR	Traffic Engineering - Salaries & Wages
127B	TATION	Traffic Engineering - Other Direct
127C		Traffic Engineering - Construction
127D		Traffic Engineering - Purchase of P,P&E
128A		Streets and Highways - Salaries & Wages	541,253	644,918	575,958	500,160	526,775	443,049
128B		Streets and Highways - Other Direct	2,916,506	3,281,701	3,282,996	3,073,691	2,752,826	2,789,923
128C		Streets and Highways - Construction	1,863,319	942,085	117,488		182,633
128D		Streets and Highways - Purchase of P,P&E	1,629,513	311,658	375,045	1,037,603	292,848	315,490
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	72,806
130B		Powell Bill - Other Direct	12,671
130C		Powell Bill - Construction	1,109,478	937,724	941,649	479,843	493,332	1,085,838
130D		Powell Bill - Purchase of P,P&E
131A		Parking Facilities - Salaries & Wages
131B		Parking Facilities - Other Direct
131C		Parking Facilities - Construction
131D		Parking Facilities - Purchase of P,P&E
132A		Mass Transit - City - Salaries & Wages
132B		Mass Transit - City - Other Direct
132C		Mass Transit - City - Construction
132D		Mass Transit - City - Purchase of P,P&E
133B		Mass Transit - Private - Other Direct
134A		Airport - Salaries & Wages
134B		Airport - Other Direct
134C		Airport - Construction
134D		Airport - Purchase of P,P&E
135A		Transpor. All Other - Salaries & Wages
135B		Transpor. All Other - Other Direct
135C		Transpor. All Other - Construction
135D		Transpor. All Other - Purchase of P,P&E
136A	ENVIRON	Solid Waste - Salaries & Wages
136B	MENTAL	Solid Waste - Other Direct
136C	PROTECTION	Solid Waste - Construction
136D		Solid Waste - Purchase of P,P&E
137A		Drainage & Watershed - Salaries & Wages	32,491
137B		Drainage & Watershed - Other Direct	401,712	330,903	311,198	205,642	264,799	185,692
137C		Drainage & Watershed - Construction		101,659	5,989	112,496	2,404	42,663
137D		Drainage & Watershed - Purchase of P,P&E	58,515
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
140A	ECONOMIC	Planning & Zoning - Salaries & Wages	558,384	591,198	561,609	501,151	458,144	389,131
140B	& PHYSICAL	Planning & Zoning - Other Direct	257,491	296,855	452,831	384,750	495,539	308,085
140C	DEVELOP	Planning & Zoning - Construction
140D		Planning & Zoning - Purchase of P,P&E	765			7,667		96
141A		Economic Development - Salaries & Wages	177,744	181,148	176,659	153,213	155,313	101,153
141B		Economic Development - Other Direct	265,833	303,629	245,202	189,665	187,590	29,206
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
146A	HUMAN	Health - Salaries & Wages
146B	SERVICES	Health - 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
153A	CULTURE	Recreation & Parks - Salaries & Wages	880,003	911,252	943,676	817,829	750,420	677,797
153B	RECREATION	Recreation & Parks - Other Direct	4,004,106	4,325,467	4,749,721	4,680,993	3,690,778	3,683,914
153C		Recreation & Parks - Construction	897,504	643,203	312,379	1,058,434	3,080,575
153D		Recreation & Parks - Purchase of P,P&E	104,710	17,200	214,000	38,355	110,250	573,670
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
158A	UTILITY	Water & Sewer - Salaries & Wages
158B		Water & Sewer - Other Direct
158C		Water & Sewer - Construction
158D		Water & Sewer - Purchase of P,P&E
159A		Electric Power - Salaries & Wages	445,584	391,461	438,204	388,644	328,539	265,478
159B		Electric Power - Other Direct	8,585,082	7,736,777	7,579,671	6,871,474	5,961,963	5,154,458
159C		Electric Power - Construction	963,296	790,635	1,049,858	1,589,192	1,411,798	1,227,633
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
161B	DEBT	Water & Sewer - Interest & Fees
161D	SERVICE	Water & Sewer - Principal
162B		Electric - Interest & Fees	189,828	189,827	189,827	189,827	189,828	189,828
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	3,487,988	2,950,331	1,916,489	1,880,218	1,929,764	2,103,289
166D		All Other - Principal
167B	PENSION	Direct Benefit Program - Other Direct
168B	FRINGE	Fringe Benefits Unallocated
169B		Separation Allowance - Law Enforcement	26,084	19,401	20,240	22,806	21,827	21,827
170B		Separation Allowance - Other Employees
171B		Supplemental Retirement - Law Enforcement	292,176	237,395	228,246	493	164,810	142,692
172B		Fringe Benefits Other
173A	INTERGOV	Multi-Cnty Libr Dis,Cnty,Or Other - Recipient
173B	EXPEND	Multi-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 vehicles	13,363,800.	13,038,642.00	12,466,765.00	11,709,120.00	10,728,848.00	9,765,720.00
180.0		Current year's levy -- Motor vehicles (only)	1,186,898.	1,167,994.00	1,361,342.00	1,276,064.00	1,224,016.00	1,158,959.00
181.0	PART 6	Uncollected Taxes - Current Year's Levy Except Mot Veh	152,646.	161,847.00	401,109.00	356,755.00	315,782.00	277,160.00
182.0	OTHER	Uncollected Taxes - CY Levy -Motor Vehicles	180,731	99,353	265,723	163,985	168,645	153,793
183.0	DATA	Percentage of Taxes Collected - All Property %	97.71	98.16	95.18	95.99	95.95	96.06
184.0	DATA	Percentage of Taxes Collected - Exclude Motor Vehicles%	98.86	98.76	96.78	96.95	97.06	97.16
185.0		Percentage of Taxes Collected - Motor Vehicles %	84.77	91.49	80.48	87.15	86.22	86.73
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
189A	PART 7	Cash On Hand & in Bank - Debt Service
189B	CASH &	Cash On Hand & in Bank - Construction Bond
189C	INVEST	Cash On Hand & in Bank - All Other	28,907,852	32,139,075	30,346,773	29,564,657	24,801,422	22,146,239
190A	PART	Appropriations Made During FY - B(1) - B(7)
190B	8	Expenditures 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
194A	PART 9	Amount - Total Revenues	48,921,071	40,599,053	56,630,485	42,869,189	33,760,998	31,235,099
194B	FISCAL	Amount - Subtract Refunding Bond Proceeds
194C	SUMMARY	Amount - Subtract Interfund Transfers In						614,959
194D		Amount - Net Revenues	48,921,071	40,599,053	56,630,485	42,869,189	33,760,998	30,620,140
		Calculated amount	48,921,071	40,599,053	56,630,485	42,869,189	33,760,998	30,620,140
		Amounts in AGREEMENT??	Yes	Yes	Yes	Yes	Yes	Yes
		Difference
195A		Amount - Total Expenditures	41,931,584	55,339,536	38,341,808	38,669,870	33,731,534	29,289,058
195B		Amount - Subtract Pymts. to Refunded Debt Agent
195C		Amount - Subtract Interfund Transfers Out						614,959
195D		Amount - Net Expenditures	41,931,584	55,339,536	38,341,808	38,669,870	33,731,534	28,674,099
		Calculated amount	41,931,584	55,339,536	38,341,808	38,669,870	33,731,534	28,674,099
		Amounts in AGREEMENT??	Yes	Yes	Yes	Yes	Yes	Yes
		Difference

401A	Part 10	Number of residential accounts billed Water
401B	Water /	Number of residential accounts billed Sewer
402A	Sewer	Amount processed and/or purchased in units Water
402B	Operations	Amount processed and/or purchased in units Sewer
403A		Total amount billed in units - Water
403B		Total amount billed in units - Sewer
404A		Of the total in 403A above how many units were Residential W
404B		Of the total in 403B above how many units were Residential S
405A		Of the total in 403 above, how many units were Outside Muni W
405B		Of the total in 403 above, how many units were Outside Muni S
406A		Of the total in 405A above how many units were Residential W
406B		Of the total in 405B above how many units were Residential S
407A		Of the total in 403A, how many units were sold for redistribution
407B		Of the total in 403B how many unit were delivered in bulk
408A		Dollars related to 403A above
408B		Dollars related to 403B above
409A		Dollars related to 404A above
409B		Dollars related to 404B above
410A		Dollars related to 405A above
410B		Dollars related to 405B above
411A		Dollars related to 406A above
411B		Dollars related to 406B above
412A		Dollars related to 407A above
412B		Dollars related to 407B above
421A		Number of residential accounts billed - Water
421B		Number of residential accounts billed - Sewer
422A		Number of non-residential & bulk accounts billed - Water
422B		Number of non-residential & bulk accounts billed - Sewer	2	2	2	2	2	2
423A		Estimated percentage of accounts outside of municipal limits



950.0		Official	Janet H. Stoner
951.0		Title	Finance Director
952.0		Date	10/25/2011	10/27/2010	10/21/2009	10/28/2008	11/13/2007	10/31/2006
953.0		Contact	Pattie Ellis
954.0		Title	Assistant Fiance Director
955.0		Phone	704-875-6571
956.0		Fax	704-948-6020
957.0		E-Mail:

Go to top of page Key Ratios of Electric Systems for The
Town of Huntersville

	2011	2010	2009	2008	2007	2006

Population	46,994	41,216	40,167	39,191	34,365	31,646
Power Agency Group	N.C. Municipal Power Agency Number 1
Total Operating Revenues	$11,320,226	10,109,402	9,427,103	9,308,061	7,355,631	7,140,993
Group Weighted Average	17,307,416	19,972,911	19,086,441	19,247,063	18,178,758	17,456,939

% to Total Operating Revenues
Power Purchases	0.0%	69.0%	71.1%	65.4%	70.4%	63.1%
Group Weighted Average	8.7%	79.2%	79.4%	78.1%	78.6%	81.7%

Other Operating Expenses	85.2%	17.1%	19.8%	18.0%	21.3%	18.6%
Group Weighted Average	86.0%	16.6%	18.9%	17.4%	18.6%	17.9%

Operating Margin	14.8%	13.8%	9.1%	16.5%	8.2%	18.3%
Group Weighted Average	5.3%	4.2%	1.7%	4.5%	2.9%	0.3%

Operating Transfers In	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Group Weighted Average	1.0%	0.2%	0.2%	0.2%	1.9%	0.3%

Operating Transfers Out	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Group Weighted Average Out	2.8%	2.4%	3.3%	2.9%	2.6%	2.2%

Net Income	14.8%	13.7%	8.8%	16.5%	8.3%	18.1%
Group Weighted Average	5.2%	2.1%	-1.1%	4.0%	5.6%	-0.2%

Key Ratios and Cash Flow

Quick Ratio	4.1	2.7	2.6	2.4	2.7	3.3
Group Weighted Average	4.3	3.7	3.9	3.8	4.1	4.0

Coverage Ratio	0.00	1.25	1.18	1.30	1.17	1.33
Group Weighted Average	2.02	1.06	1.02	1.09	1.09	1.03

Days Sales in Receivables	0.0	51.0	46.7	55.0	46.8	58.7
Group Weighted Average	468.8	38.1	34.8	35.5	34.8	31.5

Days Cash on Hand	174.0	144.2	93.6	78.9	101.2	123.8
Group Weighted Average	168.4	108.4	104.7	112.9	107.1	123.8

Cash flow from Operations	$2,342,610	2,119,163	1,717,567	1,567,655	1,436,565	1,441,668

Capital Expenditures:	$0	0	0	0	0	0


	2011	2010	2009	2008	2007	2006
Capital Contributions: Excluded from Income Above	$0	0	0	0	0	0

Operating Transfers to the General Fund as a % of GF Revenues	2011	2010	2009	2008	2007	2006
	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

	2005	2004	2003	2002	2001	2000
	0.16%	0.22%	0.21%	0.19%	0.11%	0.16%

Gross Electric Fund Assets as Cost	$19,428,945	18,465,649	17,683,955	16,634,097	15,044,905	13,656,281
Estimated Tax Loss from Municipal Ownership of Utility	$56,344	$53,550	51,283	48,239	43,630	38,238
Tax Rate Equivalent	0.0011	0.0011	0.0011	0.0011	0.0011	0.0010

Operating Transfers to the General Fund as a % of Gross Fixed Assets	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Operating Transfers to the General Fund as a Tax Rate Equivalent	0.0000	0.0000	0.0000	0.0000	0.0000	0.0000

Tax Rate Adjusted for Assessed to Sales Ratio	0.2784	0.2579	0.2404	0.2533	0.2719	0.2662

Tax Rate Adjusted Excluding Transfers	0.2784	0.2579	0.2404	0.2533	0.2719	0.2662

Weighted Average Group Rate Adjusted	0.4468	0.4230	0.3911	0.3938	0.4015	0.4080

Weighted Average Non Electric Adjusted Rate	0.4263	0.4191	0.4007	0.4107	0.4309	0.4353

Financial Graphs and Comparisons

Analysis of Available Fund Balance: General Fund
Analysis of Property Tax Collection %
Analysis of General Obligation Debt
Analysis of Revenue (5 years)
Analyis of Revenue (most recent fiscal year)
Analysis of Expenditures by Function
Analysis of Expenditures by Object

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Analysis of Available Fund Balance: General Fund

	2007	2008	2009	2010	2011
Unit's FBA %	90.83%	81.71%	99.19%	93.19%	0.00%
Group average FBA %	37.01%	38.75%	39.96%	38.21%	76.50%
State average Electric/Non Electric Group FBA %	33.92%	35.35%	34.33%	33.60%	67.13%
State average FBA %	36.54%	36.35%	37.01%	37.47%	29.01%

Municipal Population Group: Electric 10,000 to 49,999

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2007 2008 2009 2010 2011

Municipality 95.95% 95.99% 95.18% 98.16% 97.71%

Pop. Group 96.51% 96.79% 96.54% 96.58% 96.54%

Statewide 97.58% 97.56% 97.34% 97.36% 97.59%

Municipal Population Group: Electric 10,000 to 49,999

	2007	2008	2009	2010	2011
Municipality	95.95%	95.99%	95.18%	98.16%	97.71%
Pop. Group	96.51%	96.79%	96.54%	96.58%	96.54%
Statewide	97.58%	97.56%	97.34%	97.36%	97.59%

Municipal Population Group: Electric 10,000 to 49,999

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2007 2008 2009 2010 2011

Municipality 126 231 219 202 327

Pop. Group 243 247 221 220 232

Statewide 478 456 455 449 450

Municipal Population Group: 25,000 to 49,999

	2007	2008	2009	2010	2011
Municipality	126	231	219	202	327
Pop. Group	243	247	221	220	232
Statewide	478	456	455	449	450

Municipal Population Group: 25,000 to 49,999

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2007 2008 2009 2010 2011

Property Tax $347 343 356 359 327

Utility 216 240 237 247 243

Sales Tax 88 84 73 69 59

Sales & Services 58 67 73 71 65

Intergovernmental 145 131 155 161 114

Debt Proceeds 37 162 464 40 207

Other Miscellaneous 91 67 52 38 25

Total $982 1,094 1,410 985 1,040

	2007	2008	2009	2010	2011
Property Tax	$347	343	356	359	327
Utility	216	240	237	247	243
Sales Tax	88	84	73	69	59
Sales & Services	58	67	73	71	65
Intergovernmental	145	131	155	161	114
Debt Proceeds	37	162	464	40	207
Other Miscellaneous	91	67	52	38	25
Total	$982	1,094	1,410	985	1,040

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2011
2011

Category Revenue
Per Capita

Property Tax $15,346,128
$327

Water/Sewer 87,309
2

Electric 0
0

Other Utilities 11,314,481
241

Sales Tax 2,840,422
59

Sales & Services 3,067,463
65

Intergovernment 5,338,118
114

Debt Proceeds 9,743,411
207

Miscellaneous 1,155,800
25

Total $48,893,132
$1,040

Municipal Population Group: Electric 10,000 to 49,999

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2011
2011

Category Expenditures
Per Capita

General Government $1,807,234
$38

Water/Sewer 0
0

Electric 0
0

Utilities 9,993,962
213

Debt Service 3,677,816
78

Transportation 8,145,546
173

Public Safety 10,667,768
227

Other 7,639,258
163

Total $41,931,584
$892

Municipal Population Group: Electric 10,000 to 49,999

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2011
2011

Category Expenditures
Per Capita

Salaries & Wages $8,372,304
$178

Water/Sewer Capital 0
0

Electric Capital 0
0

Capital Outlay 7,919,612
169

Other Operating 25,639,668
545

Total $41,931,584
$892

Municipal Population Group: Electric 10,000 to 49,999

Last Updated 2/7/2012 2:25:45 PM



	2011	2011
Category	Revenue	Per Capita
Property Tax	$15,346,128	$327
Water/Sewer	87,309	2
Electric	0	0
Other Utilities	11,314,481	241
Sales Tax	2,840,422	59
Sales & Services	3,067,463	65
Intergovernment	5,338,118	114
Debt Proceeds	9,743,411	207
Miscellaneous	1,155,800	25
Total	$48,893,132	$1,040

Municipal Population Group: Electric 10,000 to 49,999

North CarolinaDepartment of State TreasurerFinancial InformationTown of Huntersville

Financial Graphs and Comparisons

North Carolina
Department of State Treasurer
Financial Information
Town of Huntersville