North Carolina
Department of State Treasurer
Financial Information
Town of Pineville

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

Institute of Government North Carolina Cities Web Site

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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	$4,223,609	4,219,239	3,926,355	3,710,257	3,555,102	3,468,831
		Utility	12,579,945	11,981,465	11,709,799	12,069,749	11,259,617	11,074,797
		Sales Tax	847,580	840,737	852,633	995,001	958,024	851,057
		Sales & Services	130,603	132,362	108,598	109,733	116,846	90,997
		Intergovernmental	1,706,824	1,575,239	1,673,295	1,560,318	1,397,530	1,369,160
		Debt Proceeds	36,209	79,807	125,740	23,916	32,299	41,405
		Other Miscellaneous	6,301,404	5,265,624	2,246,590	2,703,233	2,772,368	2,805,006
		Total	$25,826,174	24,094,473	20,643,010	21,172,207	20,091,786	19,701,253

	Expenditures by Function
		Utility	$10,225,883	9,651,760	12,043,779	11,648,767	12,985,927	12,214,737
		Debt Service	840,298	552,137	430,023	430,129	454,211	393,613
		Transportation	893,975	611,636	709,596	526,441	642,119	633,552
		General Government	3,768,014	3,643,126	648,900	883,794	1,355,313	502,269
		Public Safety	6,871,537	4,352,904	3,569,398	3,814,770	3,568,582	3,346,379
		Other	3,210,986	3,630,973	2,080,046	2,250,988	3,063,370	1,541,068
		Total	$25,810,693	22,442,536	19,481,742	19,554,889	22,069,522	18,631,618

	Expenditures by Object
		Salaries & Wages	$3,788,875	3,263,822	3,660,015	3,601,006	3,379,893	3,319,844
		Capital Outlay	6,797,151	4,773,691	2,045,514	2,512,106	6,000,397	2,514,382
		Other Operating + Debt Service	15,224,667	14,405,023	13,776,213	13,441,777	12,689,232	12,797,392
		Total	$25,810,693	22,442,536	19,481,742	19,554,889	22,069,522	18,631,618


	Per Capita Revenues by Source
		Property Tax	$562	545	523	504	515	513
		Utility	1,674	1,547	1,561	1,638	1,633	1,636
		Sales Tax	114	108	114	135	138	127
		Sales & Services	17	17	14	15	17	13
		Intergovernmental	227	203	223	212	203	202
		Debt Proceeds	5	10	17	3	5	6
		Other Miscellaneous	839	680	300	367	402	414
		Total	$3,438	3,110	2,752	2,874	2,913	2,911

	Per Capita Expenditures by Function
		Utility	$1,361	1,246	1,606	1,581	1,883	1,805
		Debt Service	112	71	57	58	66	58
		Transportation	119	79	95	71	93	94
		General Government	501	470	86	120	197	74
		Public Safety	915	562	476	518	517	494
		Other	427	469	277	306	444	228
		Total	$3,435	2,897	2,597	2,654	3,200	2,753

	Per Capita Expenditures by Object
		Salaries & Wages	$504	421	488	489	490	491
		Capital Outlay	905	616	273	341	870	372
		Other Operating	2,026	1,860	1,836	1,824	1,840	1,890
		Total	$3,435	2,897	2,597	2,654	3,200	2,753

	Population Group		Electric 2,500 to 9,999	Electric 2,500 to 9,999	Electric 2,500 to 9,999	Electric 2,500 to 9,999	Electric 2,500 to 9,999	Electric 2,500 to 9,999
		Number of Municipalites in Group	21	19	20	21	20	20
		Average Population In Group	5,155	4,773	4,967	5,139	5,149	5,074
		Town of Pineville Population	7,513	7,747	7,501	7,368	6,897	6,768
	Group Average Per Capita Revenues by Source
		Property Tax	335	308	317	305	301	285
		Utility	1,926	1,860	1,798	2,069	1,907	1,868
		Sales Tax	123	114	134	158	162	152
		Sales & Services	120	98	100	122	104	99
		Intergovernmental	321	242	221	197	218	223
		Debt Proceeds	27	120	122	86	44	24
		Other Miscellaneous	170	118	165	237	227	136
		Total	3,022	2,860	2,857	3,174	2,963	2,787

	Group Average Per Capita Expenditures by Function
		Utility	1,595	1,687	1,689	1,907	1,700	1,712
		Debt Service	125	136	102	146	109	99
		Transportation	145	106	125	131	148	136
		General Government	205	189	192	161	181	163
		Public Safety	421	399	359	446	405	362
		Other	450	385	344	399	365	329
		Total	2,941	2,902	2,811	3,190	2,908	2,801

	Group Average Per Capita Expenditures by Object
		Salaries & Wages	639	597	631	654	595	593
		Capital Outlay	343	274	258	469	375	348
		Other Operating	1,952	2,026	1,918	2,067	1,938	1,860
		Total	2,934	2,897	2,807	3,190	2,908	2,801


General Fund Go to top of page			2011	2010	2009	2008	2007	2006
	General Fund revenues		$8,489,741	8,370,173	8,420,466	8,408,642	8,010,750	7,289,654
	General Fund expenditures		12,667,205	9,142,650	7,230,808	7,656,584	8,512,377	6,046,228
	Operating transfers in		1,594,025	1,041,876	553,064	847,648	450,000	-
	Operating transfers out		1,550,000	1,000,000	500,000	450,000	500,000	602,000
	Capital leases and installment purchase proceeds		4,500,000	3,385,000	-	-	-	-
	Other items		-	-	7,851	19,445	45,035	4,595
	Excess of revenues and other sources over (under) expenditures and other uses		366,561	2,654,399	1,250,573	1,169,151	(506,592)	646,021

	Fund balance available (FBA):
		In dollars	$0	11,386,546	8,776,721	7,695,724	6,066,168	6,861,240
		FBA as a % of GF Net Expenditures:
		Unit's FBA %	0.00	168.50	113.53	94.93	67.31	103.20
		Group weighted average FBA %	38.17	47.34	41.37	39.94	37.68	39.10
		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
	Other, Electric

	Combined financial results:
		Working capital	$5,196,510	9,521,580	10,193,713	10,372,579	9,766,250	11,298,567
		Quick ratio	31.97	5.72	3.94	3.82	3.45	4.03
		Net income	531,683	50,864	50,382	931,640	781,851	937,710
		Cashflow from operations	(5,534)	735,245	760,353	1,013,006	127,210	431,696
		Depreciation & Amortization Expense	410,797	429,731	429,136	414,877	372,426	325,338



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

		Population at July 1st of the Previous Year	7,513	7,747	7,501	7,368	6,897	6,768
		Population Group	Electric 2,500 to 9,999	Electric 2,500 to 9,999	Electric 2,500 to 9,999	Electric 2,500 to 9,999	Electric 2,500 to 9,999	Electric 2,500 to 9,999
		Cash &Investments	$21,954,410	$20,549,704	$19,692,024	$18,203,837	$16,832,678	$19,012,289
		Investment Earnings	62,865	160,754	416,926	728,951	939,705	740,349
		Tax Rate Equivalent	0.0048	0.0124	0.0335	0.0602	0.0791	0.0661
		Tax Rate Equivalent Group weighted average	0.0060	0.0103	0.0240	0.0548	0.0722	0.0561
		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	$1,296,543,791	1,295,737,233	1,245,751,321	1,210,267,267	1,187,677,399	1,120,639,466
		Tax Rate	0.3200	0.3200	0.3200	0.3000	0.3000	0.3000
		Tax Rate Group weighted average	0.3914	0.3733	0.3781	0.3834	0.4066	0.4094
		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	98.13	96.01	90.58	86.68	89.35	90.83
		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	$1,350,566,449	1,457,030,511	1,502,715,707	1,385,855,109	1,266,720,775	1,178,875,937
		EffectiveTax Rate	0.3072	0.2846	0.2653	0.2620	0.2813	0.2852
		Group weighted average Effective Tax Rate	0.3841	0.3584	0.3425	0.3323	0.3633	0.3719
		Statewide weighted average Effective Tax Rate	0.4183	0.4020	0.3870	0.3752	0.3934	0.3987
		Percent Collected	98.5800	98.6800	98.2100	98.6400	98.4400	98.4700
		Percent Collected Group weighted average	96.22	96.18	95.82	95.89	96.00	95.42
		Percent Collected Statewide	97.59	97.36	97.34	97.56	97.58	97.55
		Percent Collected Excluding Motor Vehicles	98.97	99.19	98.78	99.32	99.17	99.25
		Percent Collected Excluding Motor Vehicles Group weighted average	97.07	97.20	96.84	97.21	97.38	96.96
		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	87.31	84.56	85.11	84.53	83.29	81.91
		Percent Collected Motor Vehicles Only Group weighted average	82.33	82.16	82.55	81.36	82.28	80.71
		Percent Collected Motor Vehicles Only Statewide weighted average	87.28	86.34	86.55	86.74	86.71	86.80
		Tax Uncollected	185,394	180,539	211,620	194,829	190,733	181,588
		Tax Rate Equivalent	0.0143	0.0139	0.0170	0.0161	0.0161	0.0162
		Dominant County: Mecklenburg
	Debt Information
		Population Group	5,000 to 9,999	5,000 to 9,999	5,000 to 9,999	5,000 to 9,999	5,000 to 9,999	5,000 to 9,999
		Ratings:
		Fitch
		Moody's	A2	A2	A2	A2	A2	A2
		S & P	BBB+	BBB+	BBB+	BBB+	BBB+	BBB+

		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	90,000
		General Government GO Debt	0	0	0	0	0	0
		Total General Obligation Debt	0	0	0	0	0	90,000
		Per Capita	$0	0	0	0	0	13
		Total Per Capita for the Population Group	79	89	69	71	93	117
		Total Per Capita Statewide	450	449	455	456	478	495
		Total per Assessed Valuation Adjusted for Current Year Sales	0.0000%	0.0000%	0.0000%	0.0000%	0.0000%	0.0076%
		Total per Assessed Valuation Adjusted for Current Year Sales- Group Average	0.0680%	0.0786%	0.0531%	0.0577%	0.0861%	0.1199%
		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

		Installment Sales Purchases and Lease Obligations
		--Enterprise	$0	0	0	0	0	0
		--General Government	7,152,250	3,215,750	0	0	0	0
		Total*	$7,152,250	3,215,750	0	0	0	0
		* 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		7,513	7,747	7,501	7,368	6,897	6,768

1.5A	FISCAL	Governmental Activities Assets	32,363,477	26,491,534	20,918,999	19,066,738	17,303,866	14,641,201
1.5B	SUMMARY	Governmental Activities Liabilities	10,352,705	5,295,648	1,144,312	1,096,198	1,551,628	1,300,639
3.5A		Business Type Activities Assets	23,862,673	25,385,635	24,903,189	24,887,470	24,125,938	23,819,390
3.5B		Business Type Activities Liabilties	508,591	2,061,799	1,630,217	1,664,880	1,834,988	2,310,291
6.5A		Fiduciary Funds Assets
6.5B		Fiduciary Funds Liabilties
10.0	PART 2	Current Collections of Unit -Wide Levy	4,154,568	4,119,423	3,863,810	3,639,243	3,489,396	3,421,073
11.0	TAX	Current Collections of Special Tax Districts
12.0	REVENUES	Prior Years' Levy Collections	44,960	57,363	32,448	41,595	40,732	31,609
13.0		Penalties and Interest	24,081	42,453	30,097	29,419	24,974	16,149
14.0		Collections of Taxes Previously Written Off
15.0		Animal Tax
15.1		Solid Waste Disposal Tax			3,429
16.0		1% Local Government Option Sales Tax	419,748	423,409	465,641	513,063	494,464	434,320
17.0		1/2% Local Government Option Sales Tax (40)	141,701	135,133	137,899	149,754	143,951	122,280
18.0		1/2% Local Government Option Sales Tax (42)	203,361	184,510	135,736	147,529	141,845	120,679
18.5		1/2% Local Government Option Sales Tax (44)	82,770	97,685	113,357	184,655	177,764	173,778
19.0		Privilege Licenses	514,747	577,873	610,274	571,613	538,802	317,679
19.2		Privilege -- All other privileges and pemits	2,264	9,446
20.0		Auto Licenses
21.0		Vehicle Tax for Public Transportation	187,107	155,851
22.0		Other Licenses	71,013	66,708	51,123	45,831	47,890	37,127
23.0		Local Occupancy Tax	420,406	355,266	421,598	521,381	466,596	442,231
24.0		Prepared Food Tax	478,254	492,861	470,197	456,602	443,877	363,384
25.0		911 Charges				66,608	119,093	87,276
26.0		Gross Short Term lease and Rental Tax	56,965	53,648	62,722	74,362	77,460	71,988
27.0	FEDERAL	Payments In Lieu of Taxes - Federal
28.0	INTERGOV	Equitable Sharing of Fed. Forfeited Prop.
29.0	REVENUES	General Government
30.0		Public Safety	39,659	44,675	4,757	3,250	1,750	15,291
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
39.0	STATE	Payments In Lieu of Taxes - State
40.0	INTERGOV	Unauthorized Substance Tax	2,713	5,618	6,012	8,239	5,876	2,518
41.0	REVENUES	Transitional Hold Harmless
42.0		Wireless Enhanced 911 Service Charges	230,948	230,948	230,948	155,246	115,709	84,292
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	691,091	644,181	633,247	617,799	563,066	546,393
45.0		Beer and Wine Tax	34,144	10,698	33,090	31,770	30,561	28,732
46.0		Powell Bill	175,144	168,843	188,849	200,572	177,596	175,667
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
58.0		Human Services -Health, Mental Health, Hosp
59.0		Human Services - All Other
60.0		Culture and Recreation	46,255
61.0	LOCAL	Payments in Lieu of Taxes - Local			53,064	53,313	56,587	94,350
62.0	INTERGOV	General Government
63.0	REVENUES	Public Safety	98,559	96,093	106,743	115,921	70,936	56,172
64.0		Transportation - Streets
65.0		Transportation - All Other
66.0		Environmental Protection	331,346	320,535	353,863	299,846	297,989	293,757
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	5,000	4,583	197,871	243,477	128,870	19,865
71.0	PERMITS	Building Permits
72.0	& FEES	Inspection Fees
72.1		Amusements licensing and permit taxes
73.0		Other Permits	15,535	19,944	14,222	15,685	15,820	12,455
74.0	SALES &	Parking Revenues	11,004	11,764
75.0	SERVICES	Rents and Royalties						133
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	104,064	100,654	94,376	94,048	101,026	78,409
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	1,654,437	1,754,242
86.0	UTILITY	Water and Sewer Charges
87.0	REVENUES	Electric Charges	10,925,508	10,227,223	9,920,434	10,233,367	9,543,880	9,390,454
88.0		Gas Charges			1,789,365	1,836,382	1,715,737	1,684,343
88.1		Storm Water Fees
89.0	MISC.	Investment Earnings - Bond Proceeds
90.0	REVENUES	Investment Earnings - All Other Funds	62,865	160,754	416,926	728,951	939,705	740,349
91.0		Special Assessments	4,488
92.0		Private Contributions and Donations		4,650
93.0		Sales of Materials and Fixed Assets			7,851	24,145	45,035	4,595
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	36,209	79,807	125,740	23,916	32,299	41,405
99.0		Proceeds of Sale of Bonds and Notes
100.0		Proceeds of Capital Leases/Install Purchases	4,500,000	3,385,000				750,000
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	20,338	20,048	21,301	20,301	18,000	17,254
109B	GENERAL	Governing Body - Other Direct	189,081	162,448	131,827	145,949	176,507	145,940
109C	GOVT	Governing Body - Construction
109D		Governing Body - Purchase of P,P&E	29,687				751,375
110A		Administration - Salaries & Wages	199,920	190,735	146,979	123,070	112,156	126,702
110B		Administration - Other Direct	222,246	125,093	140,429	129,739	139,667	162,373
110C		Administration - Construction			208,364	464,735
110D		Administration - Purchase of P,P&E	616,154	121,559			157,608	50,000
111A		Elections - Salaries & Wages
111B		Elections - Other Direct
111C		Elections - Construction
111D		Elections - Purchase of P,P&E
112A		Finance - Salaries & Wages
112B		Finance - Other Direct
112C		Finance - Construction
112D		Finance - Purchase of P,P&E
113A		Taxes - Salaries & Wages
113B		Taxes - Other Direct
113C		Taxes - Construction
113D		Taxes - Purchase of P,P&E
114A		Legal - Salaries & Wages
114B		Legal - Other Direct
114C		Legal - Construction
114D		Legal - Purchase of P,P&E
115A		Public Buildings - Salaries & Wages
115B		Public Buildings - Other Direct
115C		Public Buildings - Construction
115D		Public Buildings - Purchase of P,P&E
116A		Court Facilities - Salaries & Wages
116B		Court Facilities - Other Direct
116C		Court Facilities - Construction
116D		Court Facilities - Purchase of P,P&E
117A		Central Services - Salaries & Wages
117B		Central Services - Other Direct
117C		Central Services - Construction
117D		Central Services - Purchase of P,P&E
118A		Gen. Govt. All Other - Salaries & Wages	37,474	12,701
118B		Gen. Govt. All Other - Other Direct	1,572,638	1,739,877
118C		Gen. Govt. All Other - Construction
118D		Gen. Govt. All Other - Purchase of P,P&E	880,476	1,270,665
119A	PUBLIC	Police & Comm - Traffic Control - Salaries and Wages	2,167,754	1,865,573	1,977,423	2,011,475	1,927,723	1,817,994
119B	SAFETY	Police & Comm - Traffic Control - Other Direct	995,188	1,024,902	872,454	844,429	776,612	897,591
119C		Police & Comm - Traffic Control - Construction
119D		Police & Comm - Traffic Control - Purchase of P,P&E	2,603,192	524,155	122,008	483,095	220,291	270,821
120A		Emergency Communications - Salaries & Wages
120B		Emergency Communications - Other Direct			44,364	86,641	57,268	25,464
120C		Emergency Communications - Construction
120D		Emergency Communications - Purchase of P,P&E					269,644	151,900
120B		Emergency Telephone Service Fund (ETSF) Expenditures - Operating	32,141	52,134
120C		ETSF Expenditures - Capital Construction
120D		ETSF Expenditures - Capital Purchases	313,525	410,001
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	311,016	359,546	414,959	270,362	198,721	109,933
122C		Fire - Construction
122D		Fire - Purchase of P,P&E	350,183		21,064
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
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	279,737	222,613	220,973	217,263	202,406	268,862
128B		Streets and Highways - Other Direct	272,258	224,548	223,548	219,222	241,373	199,644
128C		Streets and Highways - Construction
128D		Streets and Highways - Purchase of P,P&E	286,186	111,169	218,979		24,906	20,685
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	37,925	29,732	28,988	28,537	14,575	15,356
130B		Powell Bill - Other Direct	17,869	23,574	17,108	61,419	52,118	109,555
130C		Powell Bill - Construction						19,450
130D		Powell Bill - Purchase of P,P&E					106,741
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	401,181	291,465	286,348	270,654	238,875	259,336
136C	PROTECTION	Solid Waste - Construction
136D		Solid Waste - Purchase of P,P&E
137A		Drainage & Watershed - Salaries & Wages	105,113	83,544	89,231	79,772	61,820	6,870
137B		Drainage & Watershed - Other Direct	153,526	150,738	164,712	142,645	68,690	126,629
137C		Drainage & Watershed - Construction
137D		Drainage & Watershed - Purchase of P,P&E	213,483		10,680	88,621	204,110
138A		Cemeteries - Salaries & Wages
138B		Cemeteries - Other Direct					366
138C		Cemeteries - Construction
138D		Cemeteries - Purchase of P,P&E					5,000
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	154,939	141,909	128,033	101,716	74,716	66,906
140B	& PHYSICAL	Planning & Zoning - Other Direct	101,564	106,826	72,548	80,250	59,477	88,050
140C	DEVELOP	Planning & Zoning - Construction
140D		Planning & Zoning - Purchase of P,P&E		20,385	11,995	7,950
141A		Economic Development - Salaries & Wages
141B		Economic Development - Other Direct
141C		Economic Development - Construction
141D		Economic Development - Purchase of P,P&E
142A		Community Development - Salaries & Wages
142B		Community Development - Other Direct
142C		Community Development - Construction
142D		Community Development - Purchase of P,P&E
143A		Housing & Urban Renewal - Salaries & Wages
143B		Housing & Urban Renewal - Other Direct
143C		Housing & Urban Renewal - Construction
143D		Housing & Urban Renewal - Purchase of P,P&E
144A		Special Empl Programs - Salaries & Wages
144B		Special Empl Programs - Other Direct
144C		Special Empl Programs - Construction
144D		Special Empl Programs - Purchase of P,P&E
145A		Econ. Dev. All Other - Salaries & Wages
145B		Econ. Dev. All Other - Other Direct
145C		Econ. Dev. All Other - Construction
145D		Econ. Dev. All Other - Purchase of P,P&E
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	134,465	134,734	107,459	99,846	113,399	183,076
153B	RECREATION	Recreation & Parks - Other Direct	169,926	160,289	133,541	149,351	155,427	198,071
153C		Recreation & Parks - Construction
153D		Recreation & Parks - Purchase of P,P&E		41,134		76,601		40,221
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	155,094	87,307	81,843	86,153	88,777
157B		Cult. & Recr. All Other - Other Direct	376,590	318,926	417,966	418,793	320,260	326,390
157C		Cult. & Recr. All Other - Construction			476,269	524,747
157D		Cult. & Recr. All Other - Purchase of P,P&E	1,245,105	2,093,716	37,244	38,782	1,615,126	245,519
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	463,975	422,792	446,021	423,023	411,139	384,926
159B		Electric Power - Other Direct	9,502,748	9,048,061	8,938,638	8,820,527	8,453,085	8,609,406
159C		Electric Power - Construction						1,213,391
159D		Electric Power - Purchase of P,P&E	259,160	180,907	368,274	446,109	1,976,425
160A		Natural Gas - Salaries & Wages			411,764	409,850	355,182	431,898
160B		Natural Gas - Other Direct			1,308,445	1,167,792	1,120,925	1,072,721
160C		Natural Gas - Construction						502,395
160D		Natural Gas - Purchase of P,P&E			570,637	381,466	669,171
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	141	4,962	10,395	15,705	22,728	28,938
162D		Electric - Principal	81,210	157,786	152,396	147,192	164,251	164,251
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	195,447	74,034	10,282	18,732	26,904	24,598
166D		All Other - Principal	563,500	315,355	256,950	248,500	240,328	175,826
167B	PENSION	Direct Benefit Program - Other Direct
168B	FRINGE	Fringe Benefits Unallocated
169B		Separation Allowance - Law Enforcement	14,315	36,579	41,032	41,032	41,032
170B		Separation Allowance - Other Employees				71,636	44,741
171B		Supplemental Retirement - Law Enforcement	84,223	80,014	76,094	77,736	77,291	72,676
172B		Fringe Benefits Other			62,177	13,471	12,586
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	4,081,491.	4,072,682.00	3,789,400.00	3,554,713.00	3,393,399.00	3,323,039.00
180.0		Current year's levy -- Motor vehicles (only)	143,453.	147,413.00	165,309.00	170,583.00	162,528.00	156,690.00
181.0	PART 6	Uncollected Taxes - Current Year's Levy Except Mot Veh	41,941.	33,126.00	46,311.00	24,246.00	28,205.00	24,898.00
182.0	OTHER	Uncollected Taxes - CY Levy -Motor Vehicles	18,208	22,757	24,611	26,395	27,163	28,343
183.0	DATA	Percentage of Taxes Collected - All Property %	98.58	98.68	98.21	98.64	98.44	98.47
184.0	DATA	Percentage of Taxes Collected - Exclude Motor Vehicles%	98.97	99.19	98.78	99.32	99.17	99.25
185.0		Percentage of Taxes Collected - Motor Vehicles %	87.31	84.56	85.11	84.53	83.29	81.91
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	21,954,410	20,549,704	19,692,024	18,203,837	16,832,678	19,012,289
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	28,970,199	26,136,349	21,646,439	22,469,855	21,041,786	20,303,253
194B	FISCAL	Amount - Subtract Refunding Bond Proceeds
194C	SUMMARY	Amount - Subtract Interfund Transfers In	3,144,025	2,041,876	1,000,000	1,297,648	950,000	602,000
194D		Amount - Net Revenues	25,826,174	24,094,473	20,646,439	21,172,207	20,091,786	19,701,253
		Calculated amount	25,826,174	24,094,473	20,646,439	21,172,207	20,091,786	19,701,253
		Amounts in AGREEMENT??	Yes	Yes	Yes	Yes	Yes	Yes
		Difference
195A		Amount - Total Expenditures	28,954,718	24,484,412	20,481,742	20,852,537	23,019,522	19,233,618
195B		Amount - Subtract Pymts. to Refunded Debt Agent
195C		Amount - Subtract Interfund Transfers Out	3,144,025	2,041,876	1,000,000	1,297,648	950,000	602,000
195D		Amount - Net Expenditures	25,810,693	22,442,536	19,481,742	19,554,889	22,069,522	18,631,618
		Calculated amount	25,810,693	22,442,536	19,481,742	19,554,889	22,069,522	18,631,618
		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	Ann Wilson
951.0		Title	Finance Officer
952.0		Date	12/07/2011	10/28/2010	11/04/2009	10/30/2008	10/31/2007	10/31/2006
953.0		Contact	Ann Wilson
954.0		Title	Finance Officer
955.0		Phone	704-889-1722
956.0		Fax	704-889-7329
957.0		E-Mail:

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

	2011	2010	2009	2008	2007	2006

Population	7,513	7,747	7,501	7,368	6,897	6,768
Power Agency Group	N.C. Municipal Power Agency Number 1
Total Operating Revenues	$10,925,508	10,227,223	9,920,434	10,233,367	9,543,881	9,390,454
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%	84.5%	84.9%	82.2%	84.7%	85.1%
Group Weighted Average	8.7%	79.2%	79.4%	78.1%	78.6%	81.7%

Other Operating Expenses	95.0%	12.3%	13.6%	12.2%	12.7%	14.1%
Group Weighted Average	86.0%	16.6%	18.9%	17.4%	18.6%	17.9%

Operating Margin	5.0%	3.2%	1.5%	5.6%	2.6%	0.8%
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	0.3%	0.3%	0.4%	0.0%	0.0%	0.0%
Group Weighted Average Out	2.8%	2.4%	3.3%	2.9%	2.6%	2.2%

Net Income	4.9%	3.1%	1.7%	6.7%	4.5%	2.5%
Group Weighted Average	5.2%	2.1%	-1.1%	4.0%	5.6%	-0.2%

Key Ratios and Cash Flow

Quick Ratio	32.0	4.4	3.9	3.8	3.4	4.0
Group Weighted Average	4.3	3.7	3.9	3.8	4.1	4.0

Coverage Ratio	0.00	1.07	1.06	1.11	1.07	1.05
Group Weighted Average	2.02	1.06	1.02	1.09	1.09	1.03

Days Sales in Receivables	0.0	54.1	51.7	52.5	52.2	51.1
Group Weighted Average	468.8	38.1	34.8	35.5	34.8	31.5

Days Cash on Hand	124.7	146.1	134.8	126.2	112.9	188.9
Group Weighted Average	168.4	108.4	104.7	112.9	107.1	123.8

Cash flow from Operations	-$5,534	735,245	760,353	1,013,006	127,210	431,696

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
	0.32%	0.34%	0.47%	0.00%	0.00%	0.00%

	2005	2004	2003	2002	2001	2000
	0.98%	1.05%	0.99%	1.16%	1.02%	1.18%

Gross Electric Fund Assets as Cost	$15,306,560	15,047,400	14,881,749	14,513,476	14,068,741	12,082,445
Estimated Tax Loss from Municipal Ownership of Utility	$48,981	$48,152	47,622	43,540	42,206	36,247
Tax Rate Equivalent	0.0038	0.0037	0.0038	0.0036	0.0036	0.0032

Operating Transfers to the General Fund as a % of Gross Fixed Assets	0.18%	0.19%	0.27%	0.00%	0.00%	0.00%

Operating Transfers to the General Fund as a Tax Rate Equivalent	0.0021	0.0022	0.0032	0.0000	0.0000	0.0000

Tax Rate Adjusted for Assessed to Sales Ratio	0.3072	0.2846	0.2653	0.2620	0.2813	0.2852

Tax Rate Adjusted Excluding Transfers	0.3093	0.2868	0.2685	0.2620	0.2813	0.2852

Weighted Average Group Rate Adjusted	0.3841	0.3584	0.3425	0.3323	0.3633	0.3719

Weighted Average Non Electric Adjusted Rate	0.2838	0.2624	0.2486	0.2427	0.2602	0.2921

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 %	67.31%	94.93%	113.53%	168.50%	0.00%
Group average FBA %	37.68%	39.94%	41.37%	47.34%	38.17%
State average Electric/Non Electric Group FBA %	33.92%	35.35%	34.33%	33.60%	67.13%
State average FBA %	36.54%	36.35%	37.68%	37.47%	29.01%

Municipal Population Group: Electric 2,500 to 9,999

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2007 2008 2009 2010 2011

Municipality 98.44% 98.64% 98.21% 98.68% 98.58%

Pop. Group 96.00% 95.89% 95.82% 96.18% 96.22%

Statewide 97.58% 97.56% 97.34% 97.36% 97.59%

Municipal Population Group: Electric 2,500 to 9,999

	2007	2008	2009	2010	2011
Municipality	98.44%	98.64%	98.21%	98.68%	98.58%
Pop. Group	96.00%	95.89%	95.82%	96.18%	96.22%
Statewide	97.58%	97.56%	97.34%	97.36%	97.59%

Municipal Population Group: Electric 2,500 to 9,999

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2007 2008 2009 2010 2011

Municipality 0 0 0 0 0

Pop. Group 93 71 69 89 79

Statewide 478 456 455 449 450

Municipal Population Group: 5,000 to 9,999

	2007	2008	2009	2010	2011
Municipality	0	0	0	0	0
Pop. Group	93	71	69	89	79
Statewide	478	456	455	449	450

Municipal Population Group: 5,000 to 9,999

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2007 2008 2009 2010 2011

Property Tax $515 504 523 545 562

Utility 1,633 1,638 1,561 1,547 1,674

Sales Tax 138 135 114 108 114

Sales & Services 17 15 14 17 17

Intergovernmental 203 212 223 203 227

Debt Proceeds 5 3 17 10 5

Other Miscellaneous 402 367 300 680 839

Total $2,913 2,874 2,752 3,110 3,438

	2007	2008	2009	2010	2011
Property Tax	$515	504	523	545	562
Utility	1,633	1,638	1,561	1,547	1,674
Sales Tax	138	135	114	108	114
Sales & Services	17	15	14	17	17
Intergovernmental	203	212	223	203	227
Debt Proceeds	5	3	17	10	5
Other Miscellaneous	402	367	300	680	839
Total	$2,913	2,874	2,752	3,110	3,438

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2011
2011

Category Revenue
Per Capita

Property Tax $4,223,609
$562

Water/Sewer 1,654,437
220

Electric 0
0

Other Utilities 10,925,508
1,454

Sales Tax 847,580
114

Sales & Services 130,603
17

Intergovernment 1,706,824
227

Debt Proceeds 36,209
5

Miscellaneous 6,301,404
839

Total $25,826,174
$3,438

Municipal Population Group: Electric 2,500 to 9,999

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2011
2011

Category Expenditures
Per Capita

General Government $3,768,014
$501

Water/Sewer 1,776,789
236

Electric 0
0

Other Utilities 8,449,094
1,125

Debt Service 840,298
112

Transportation 893,975
119

Public Safety 6,871,537
915

Other 3,210,986
427

Total $25,810,693
$3,435

Municipal Population Group: Electric 2,500 to 9,999

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2011
2011

Category Expenditures
Per Capita

Salaries & Wages $3,788,875
$504

Water/Sewer Capital 1,245,105
166

Electric Capital 0
0

Other Capital 5,552,046
739

Other Operating 15,224,667
2,026

Total $25,810,693
$3,435

Municipal Population Group: Electric 2,500 to 9,999

Last Updated 2/7/2012 2:36:13 PM



	2011	2011
Category	Revenue	Per Capita
Property Tax	$4,223,609	$562
Water/Sewer	1,654,437	220
Electric	0	0
Other Utilities	10,925,508	1,454
Sales Tax	847,580	114
Sales & Services	130,603	17
Intergovernment	1,706,824	227
Debt Proceeds	36,209	5
Miscellaneous	6,301,404	839
Total	$25,826,174	$3,438

Municipal Population Group: Electric 2,500 to 9,999

North CarolinaDepartment of State TreasurerFinancial InformationTown of Pineville

Financial Graphs and Comparisons

North Carolina
Department of State Treasurer
Financial Information
Town of Pineville