North Carolina
Department of State Treasurer
Financial Information
City of Kannapolis

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

Institute of Government North Carolina Cities Web Site

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

Municipality Revenues and Expenditures Financial Profile Go to top of page			2009	2008	2007	2006	2005	2004
	Revenues by Source
		Property Tax	$17,588,594	13,273,196	12,121,715	11,282,250	10,782,943	9,853,321
		Utility	13,419,941	15,407,626	13,624,058	11,136,835	10,068,384	9,294,390
		Sales Tax	4,979,383	5,412,376	5,221,276	4,953,702	4,901,069	4,706,519
		Sales & Services	519,561	468,155	324,505	179,690	190,175	226,568
		Intergovernmental	5,147,601	5,613,478	4,016,743	4,145,982	4,067,073	4,439,560
		Debt Proceeds	2,188,250	11,460,807	6,766,680	2,589,280	4,503,000	237,905
		Other Miscellaneous	2,980,854	5,067,448	8,449,136	3,449,014	3,974,054	1,508,607
		Total	$46,824,184	56,703,086	50,524,113	37,736,753	38,486,698	30,266,870

	Expenditures by Function
		Utility	$9,252,188	11,889,174	8,242,533	8,696,710	8,282,051	10,125,046
		Debt Service	8,537,731	7,381,285	7,874,770	6,876,762	6,445,869	6,611,524
		Transportation	6,534,947	7,613,012	7,642,842	7,419,736	4,940,876	4,702,408
		General Government	5,067,776	4,547,302	4,384,853	4,168,325	2,842,177	2,525,526
		Public Safety	15,112,399	12,705,966	10,323,412	10,110,276	8,894,632	8,432,062
		Other	6,440,720	8,380,502	6,553,639	6,315,939	4,635,776	4,941,820
		Total	$50,945,761	52,517,241	45,022,049	43,587,748	36,041,381	37,338,386

	Expenditures by Object
		Salaries & Wages	$12,633,637	11,436,036	11,021,757	12,371,725	9,655,837	8,894,909
		Capital Outlay	7,638,831	12,702,860	7,729,357	9,776,871	4,918,549	7,266,355
		Other Operating + Debt Service	30,673,293	28,378,345	26,270,935	21,439,152	21,466,995	21,177,122
		Total	$50,945,761	52,517,241	45,022,049	43,587,748	36,041,381	37,338,386


	Per Capita Revenues by Source
		Property Tax	$399	310	294	281	275	255
		Utility	304	360	330	277	257	240
		Sales Tax	112	127	125	124	125	122
		Sales & Services	12	11	8	4	5	6
		Intergovernmental	117	131	97	103	104	115
		Debt Proceeds	50	268	164	65	115	6
		Other Miscellaneous	68	118	205	86	101	39
		Total	$1,062	1,325	1,223	940	982	783

	Per Capita Expenditures by Function
		Utility	$210	278	200	217	211	262
		Debt Service	194	172	191	171	164	171
		Transportation	148	178	185	185	126	122
		General Government	114	106	105	104	74	64
		Public Safety	343	297	250	252	227	218
		Other	146	196	159	157	118	128
		Total	$1,155	1,227	1,090	1,086	920	965

	Per Capita Expenditures by Object
		Salaries & Wages	$286	267	267	308	246	230
		Capital Outlay	173	297	187	244	126	188
		Other Operating	696	663	636	534	548	547
		Total	$1,155	1,227	1,090	1,086	920	965

	Population Group		No Electric 10,000 to 49,999	No Electric 10,000 to 49,999	No Electric 10,000 to 49,999	No Electric 10,000 to 49,999	No Electric 10,000 to 49,999	No Electric 10,000 to 49,999
		Number of Municipalites in Group	41	38	34	32	32	30
		Average Population In Group	19,477	20,391	20,926	20,968	20,289	20,607
		City of Kannapolis Population	44,102	42,806	41,298	40,141	39,187	38,679
	Group Average Per Capita Revenues by Source
		Property Tax	408	403	387	370	362	348
		Utility	280	312	308	307	290	277
		Sales Tax	135	158	158	150	144	135
		Sales & Services	65	72	64	62	58	56
		Intergovernmental	150	154	143	153	156	150
		Debt Proceeds	180	248	156	73	149	117
		Other Miscellaneous	98	126	151	122	112	81
		Total	1,316	1,473	1,367	1,237	1,271	1,164

	Group Average Per Capita Expenditures by Function
		Utility	292	270	291	263	266	257
		Debt Service	140	137	126	136	127	128
		Transportation	145	128	125	129	127	114
		General Government	145	230	140	145	144	136
		Public Safety	325	327	320	313	305	291
		Other	234	252	260	228	222	212
		Total	1,281	1,344	1,262	1,214	1,191	1,138

	Group Average Per Capita Expenditures by Object
		Salaries & Wages	448	455	445	434	425	405
		Capital Outlay	261	292	247	214	242	199
		Other Operating	572	597	570	566	524	534
		Total	1,281	1,344	1,262	1,214	1,191	1,138


General Fund Go to top of page			2009	2008	2007	2006	2005	2004
	General Fund revenues		$28,193,757	25,708,563	22,157,681	20,597,824	21,685,213	18,564,227
	General Fund expenditures		28,699,722	25,400,218	24,454,137	22,409,228	19,639,692	19,001,792
	Operating transfers in		2,582	335,000	325,051	1,002,801	102,574	-
	Operating transfers out		312,775	459,698	1,195,332	927,473	2,584,785	707,460
	Capital leases and installment purchase proceeds		-	-	-	59,608	37,600	-
	Other items		-	-	4,486,953	-	-	-
	Excess of revenues and other sources over (under) expenditures and other uses		(816,158)	183,647	1,320,216	(1,676,468)	(399,090)	(1,145,025)

	Fund balance available (FBA):
		In dollars	$3,905,439	3,991,024	4,293,535	1,881,613	4,490,655	4,871,732
		FBA as a % of GF Net Expenditures:
		Unit's FBA %	13.46	15.43	16.74	8.08	20.24	24.72
		Group weighted average FBA %	41.08	43.40	40.44	38.05	37.21	36.30
		State weighted average Non-Electric Group	37.77	36.63	37.38	37.38	36.82	36.42
		State weighted average FBA %	37.00	36.34	36.55	36.96	36.78	36.35


Enterprise Funds: Go to top of page
	None

	Combined financial results:
		Working capital
		Quick ratio
		Net income
		Cashflow from operations
		Depreciation & Amortization Expense



Cash, Investments and Financing Go to top of page			2009	2008	2007	2006	2005	2004

		Population at July 1st of the Previous Year	44,102	42,806	41,298	40,141	39,187	38,679
		Population Group	No Electric 10,000 to 49,999	No Electric 10,000 to 49,999	No Electric 10,000 to 49,999	No Electric 10,000 to 49,999	No Electric 10,000 to 49,999	No Electric 10,000 to 49,999
		Cash &Investments	$14,033,802	15,033,010	12,732,050	9,576,680	12,654,465	12,376,938
		Investment Earnings	139,086	118,491	171,481	379,898	264,906	325,195
		Tax Rate Equivalent	0.0039	0.0045	0.0072	0.0168	0.0122	0.0165
		Tax Rate Equivalent Group weighted average	0.0262	0.0393	0.0523	0.0385	0.0208	0.0095
		Tax Rate Equivalent Statewide weighted average	0.0133	0.0524	0.0920	0.0573	0.0415	0.0340
		Latest year of Revaluation		2004	2004	2004	2004	1999
		January 1, Prior Year Assessed Valuation	$3,552,625,467	2,632,825,258	2,371,208,845	2,259,901,993	2,174,556,872	1,971,146,131
		Tax Rate	0.4970	0.4970	0.4970	0.4970	0.4970	0.5300
		Tax Rate Group weighted average	0.4335	0.4564	0.4754	0.4663	0.4680	0.4734
		Tax Rate State Wide	0.4267	0.4243	0.4452	0.4321	0.4448	0.4566
		Assessment -to-Sales Ratio	100.00	89.93	96.03	98.33	100.00	89.45
		Assessment -to-Sales Ratio Group weighted average	92.44	89.99	90.63	93.35	94.44	95.74
		Assessment -to-Sales Ratio Statewide	90.81	88.52	88.41	92.28	92.35	92.18
		Assessed Valuation Adjusted for Assesment to Sales Ratio	$3,552,625,467	2,927,638,450	2,469,237,577	2,298,283,325	2,174,556,872	2,203,628,989
		EffectiveTax Rate	0.4970	0.4470	0.4773	0.4887	0.4970	0.4741
		Group weighted average Effective Tax Rate	0.4007	0.4107	0.4309	0.4353	0.4419	0.4533
		Statewide weighted average Effective Tax Rate	0.3875	0.3756	0.3936	0.3987	0.4108	0.4209
		Percent Collected	97.50	97.70	97.47	96.71	96.09	90.67
		Percent Collected Group weighted average	97.32	97.39	97.23	97.48	97.36	96.78
		Percent Collected Statewide	97.78	97.64	97.59	97.55	97.42	97.31
		Percent Collected Excluding Motor Vehicles	98.12	98.67	98.60	97.78	97.26	91.43
		Percent Collected Excluding Motor Vehicles Group weighted average	97.92	98.34	98.30	98.54	98.42	97.92
		Percent Collected Excluding Motor Vehicles Statewide weighted average	98.31	98.65	98.59	98.61	98.36	98.39
		Percent Collected Motor Vehicles Only	89.19	88.45	87.40	87.65	85.82	84.52
		Percent Collected Motor Vehicles Only Group weighted average	87.27	87.09	86.15	87.32	86.80	87.01
		Percent Collected Motor Vehicles Only Statewide weighted average	86.66	86.74	86.71	86.80	87.31	87.46
		Tax Uncollected	131,794	303,151	301,663	370,856	423,307	983,267
		Tax Rate Equivalent	0.0037	0.0115	0.0127	0.0164	0.0195	0.0499
		Dominant County: Cabarrus
	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	A3	A3	A3	A3	A3	A3
		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	90,000	390,000	695,000
		General Government GO Debt	0	0	0	0	0	0
		Total General Obligation Debt	0	0	0	90,000	390,000	695,000
		Per Capita	$0	0	0	2	10	18
		Total Per Capita for the Population Group	221	247	243	283	320	318
		Total Per Capita Statewide	455	456	478	495	505	548
		Total per Assessed Valuation Adjusted for Current Year Sales	0.0000%	0.0000%	0.0000%	0.0039%	0.0179%	0.0315%
		Total per Assessed Valuation Adjusted for Current Year Sales- Group Average	0.2012%	0.2539%	0.2706%	0.3405%	0.4122%	0.4305%
		Total per Assessed Valuation Adjusted for Current Year Sales - Statewide	0.3909%	0.4131%	0.4706%	0.5275%	0.5588%	0.6442%
		Total Authorized but not Issued General Obligation Debt

		Installment Sales Purchases and Lease Obligations
		--Enterprise	$4,945,446	5,298,447	3,957,576	1,209,402	438,645	0
		--General Government	13,331,848	15,006,655	8,908,668	8,653,815	9,036,930	7,093,573
		Total*	$18,277,293	20,305,102	12,866,244	9,863,217	9,475,575	7,093,573
		* The total only includes the contracts that require Local Government Commission approval.
		Revenue Bond Debt	$26,561,717	29,027,620	31,411,274	33,848,142	35,973,669	38,013,285


Annual Financial Information Report Detail Go to top of page
Line	Section	Description	2009	2008	2007	2006	2005	2004
	Population at July 1st of the Previous Year Adjusted for Boundry Changes		44,102	42,806	41,298	40,141	39,187	38,679

1A	Non GASB34	General Fund Assets
1B	FISCAL	General Fund Liabilities
2A	SUMMARY	Debt-service Assets
2B		Debt service Liabilities
3A		Enterprise Assets
3B		Enterprise Liabilities
4A		Internal Service Assets
4B		Internal service Liabilities
5A		Special Revenue Assets
1.5A	GASB34	Governmental Activities Assets	145,289,447	147,250,774	138,566,457	131,121,799	121,525,505	121,234,253
1.5B	FISCAL	Governmental Activities Liabilities	25,988,826	25,733,346	19,162,119	16,138,942	14,460,198	11,837,245
3.5A	SUMMARY	Business Type Activities Assets	86,604,046	88,684,446	82,320,141	76,714,534	76,613,167	74,865,293
3.5B		Business Type Activities Liabilties	33,184,754	36,244,440	36,604,519	39,171,064	42,000,827	44,461,869
6.5A		Fiduciary Funds Assets	51,392	35,692	19,728	6,461	144,362	279,290
6.5B		Fiduciary Funds Liabilties
5B		Special Revenue Liabilities
6A		Trust & Agency Assets
6B		Trust & Agency Liabilities
7A		Capital Project Assets
7B		Capital Project Liabilities
8A		General Fixed Assets
9B		General Long term debt - Liabilities
10	PART 2	Current collections of unit-wide levy	17,025,308	12,880,767	11,659,350	10,937,439	10,417,022	9,573,467
11	TAX	Current collection of special tax districts
12	REVENUES	Prior years' levy collections	464,697	299,390	350,695	344,811	365,921	279,854
13		Penalties and interest	98,589	93,039	111,670
14		Collection of taxes previously written off
15		Animal tax
15.1		Solid Waste Disposal Tax	12,884
16		1% Local government sales and use tax	2,069,367	2,251,898	2,150,914	2,085,100	2,219,200	2,175,441
17		1/2% Local government sales and use taxes (Article 40)	1,026,383	1,088,841	1,061,144	979,714	893,746	870,672
18		1/2% Local government sales and use taxes (Article 42)	1,321,881	1,077,853	1,050,879	970,907	885,579	860,567
18.5		1/2% Local government sales and use taxes (Article 44)	561,752	993,784	958,339	917,981	902,544	799,839
19		Licenses Privilege						127,723
19.1		Privilege - Occupational & business licensing & permit taxes	157,956	196,566	147,455	118,386	124,290
19.2		Privilege -- All other privileges and pemits
20		General Municipal Vehicle Tax	339,111	336,156	214,362	164,722	159,316	154,171
21		Vehicle Tax for Public Transportation	170,620	168,078	160,159	164,722	159,315	85,533
22		Other licenses - Include CATV	56,736	54,356	267,060	327,980	287,029	182,285
23		Local occupancy tax
24		Prepared food tax
25		911 charges
26		Gross Receipts Tax on Short Term Vehicles Leases	3,950	4,931	4,368	3,905	4,450	3,848
27	FEDERAL	FEDERAL Payment in lieu of taxes
28	INTERGOV	Equitable sharing of Federally forfeited property		25,875	9,496		6,868	13,335
29	REVENUES	General government
30		Public safety	81,993	265,925	36,931		34,620	277,867
31		Transportation - Streets
32		Transportation - All other	1,127,939
33		Utility franchise tax
34		Housing/community development	323,797	1,005,063	572,626	491,675	404,618	593,848
35		All Other
36		Human services: Health, mental health, hospitals
37		All other
38		Culture and recreation	204,484			288,344
39	STATE	State Payment in Lieu of Taxes
40	INTERGOV	Controlled substance tax	10,752	14,408	6,132	9,141	79,959	27,136
41	REVENUES	Intangibles tax reimbursement + Transistional Hold Harmless Revenues
42		Wireless Enhanced 911 Service Charges
43		Piped Natural Gas Charge Distribution
44		Utility franchise tax	1,667,388	1,521,435	1,180,235	1,021,585	1,024,098	1,065,688
45		Beer and Wine tax	192,241	190,235	181,387	173,086	171,205	164,265
46		Powell Bill	1,331,241	1,448,001	1,266,278	1,282,688	1,261,996	1,132,497
47		Food stamp purchases tax reimbursement
48		Inventories tax reimbursements
49		Senior Citizens Exemption - 50%
50		Court fees - Facilities and arrest fees	25,064	29,747	33,929	43,801	33,063	33,199
51		General Government
52		Public safety		24,380				48,940
53		Transportation - Streets			100,789	708,890	153,270
54		Transportation - All other	78,169	408,256	33,431		699,300	1,076,465
55		Environmental protection			258,230
56		Econ. & Phys. Dev. - Housing/Comm. Dev.				26,192	188,477	1,040
57		Econ. & Phys. Dev. - All Other
58		Human Services: Health, mental health, hospitals
59		All Other
60		Culture and recreation	64,024	534,063	325,578	70,310
61	LOCAL	LOCAL Payment in lieu of taxes
62	INTERGOV	General government
63	REVENUES	Public safety	20,509	26,090	11,701	1,000	9,599	5,280
64		Transportatin - Streets				7,500
65		Transportation - All other
66		Environmental protection				21,770
67		Economic and physical development	20,000	120,000
68		Human Services: Health, Mental Health & Hosp
69		Human Services: All Other
70		Culture and recreation
71	PERMITS	Building permits
72	& FEES	Inspection fees	61,872	95,295	79,038	86,500	68,000	32,326
72.1		Amusements licensing and permit taxes
73		Other permits
74	SALES &	Parking revenues				215	690	500
75	SERVICES	Rents and royalties	89,197	86,289	88,637	74,713	91,872	126,483
76		Airport
77		Fire protection charges	40,034	54,793	1,769	1,599	1,726	6,923
78		Solid waste	50,170	83,049	83,557
79		Ambulance and rescue squad charges
80		Cemeteries
81		Recreation service revenues	205,271	189,834	100,931	48,219	44,766	39,115
82		Library service revenues
83		Other cultural and recreational service revenues	76,279
84		Mass transit - city operated
85		Other sales and services	58,610	54,190	49,611	54,944	51,121	53,547
86	UTILITY	Water and sewer charges	12,031,398	13,966,784	13,406,101	11,136,835	10,068,384	9,294,390
87	REVENUES	Electric charges
88		Gas charges
88.1		Storm Water Fees	1,388,543	1,440,842	217,957
89	MISC.	On bond proceeds	148,189	511,901	512,471	221,409	243,552	22,617
90	REVENUES	On general and all other funds	139,086	118,491	171,481	379,898	264,906	325,195
91		Special assessments	5,872	106,072	10,041	283,706	13,881
92		Private contribution and donations	249,162	1,513,431	965,282	126,263	65,504	89,321
93		Sales of materials and fixed assets	1,419	63,693		19,024		55,385
94		Sales of real property	103,160	1,004,776	5,058,595	1,161,305	2,283,341	52,405
95		Nongovernment contributions for streets and traffic signals					1,561	2,550
96		Mixed drink surcharge
97		ABC profit distribution	15,750	5,625	3,375		673	4,041
98		Other miscellaneous revenues	1,527,971	888,077	855,449	391,194	298,236	371,207
99		Proceeds of the sale of bonds and notes			741,930
100		Proceeds of capital leases and installment purchases	2,188,250	11,460,807	6,024,750	2,589,280	4,503,000	237,905
101		Other
102	NON-REV	Supplemental schools taxes - current levy collections
103	RECEIPTS	Prior years' levy collections
104		Tax collections for units other than reporting unit
105		Utilities customers' deposits	-11,587	-2,246	2,883	5,884	1,191	9,080
106		Deposits other than utility	7,293
107		Prepaid taxes	-3,944	-10,277	10,819	4,502	-2,081	-14,028
108		Prepaid privilege licenses	-17,284	12,530	-12,034	16,715	31,297	16,878
109A	PART 4	Governing body - Salaries	62,560	66,160	75,248	51,129	46,750	46,952
109B	GENERAL	Governing body - All other Direct	86,588	73,527	63,124	42,987	31,326	31,409
109C	GOVT	Governing body - Construction
109D		Governing body - Land, Equipment and Existing Structures
110A		Administration - Salaries	654,939	536,998	594,570	657,061	472,497	506,341
110B		Administration - All other Direct	2,644,410	2,536,744	2,280,567	1,778,039	1,321,368	1,075,514
110C		Administration - Construction					42,475
110D		Administration - Land, Equipment and Existing Structures	133,859	56,519	267,067	106,282
111A		Elections (cost of) - Salaries
111B		Elections (cost of) - All other Direct
111C		Elections (cost of) - Construction
111D		Elections (cost of) - Land, Equipment and Existing Structures
112A		Finance - Salaries	426,426	405,311	405,651	433,676	348,102	328,507
112B		Finance - All other Direct	445,890	350,108	253,780	182,598	242,621	226,880
112C		Finance - Construction
112D		Finance - Land, Equipment. and Existing Structures				477,337
113A		Taxes - Salaries
113B		Taxes - All other Direct
113C		Taxes - Construction
113D		Taxes - Land, Equipment, and Existing Structures
114A		Legal - Salaries
114B		Legal - All other Direct	333,206	282,557	245,316	236,174	141,623	135,512
114C		Legal - Construction
114D		Legal - Land, Equipment, and Existing Structures
115A		Public Buildings - Salaries
115B		Public Buildings - All other Direct
115C		Public Buildings - Construction
115D		Public Buildings - Land, Equipment, and Existing Structures
116A		Court Facilities - Salaries
116B		Court Facilities - All other Direct
116C		Court Facilities - Construction
116D		Court Facilities - Land, Equipment, and Existing Structures
117A		Central Facilites - Salaries
117B		Central Facilities - All other Direct
117C		Central Facilites - Construction
117D		Central Facilites - Land, Equipment, and Existing Structures
118A		General Government All Other - Salaries
118B		General Government All Other - All other Direct
118C		General Government All Other - Construction
118D		General Government All Other - Land, Equipment, and Existing Structures
119A	PUBLIC	Police and Communications - Salaries	4,514,818	4,164,443	4,277,277	4,935,834	3,881,812	3,875,702
119B	SAFETY	Police and Communications - All other Direct	1,919,597	2,071,535	1,820,244	1,074,027	1,693,921	1,693,832
119C		Police and Communications - Construction
119D		Police and Communications - Land, Equipment and Existing Structures	1,363,980	444,972	469,652	250,440	266,251	169,906
120A		Emergency Communications - Salaries
120B		Emergency Communications - All other Direct
120C		Emergency Communications - Construction
120D		Emergency Communications - Land, Equipment and Existing Structures
121A		Emergency Management - Salaries
121B		Emergency Management - All other Direct
121C		Emergency Managment - Construction
121D		Emergency Management - Land, Equipment, and Existing Structures
122A		Fire - Salaries	3,294,228	2,344,185	2,426,567	2,560,596	1,855,158	1,495,498
122B		Fire - All other Direct	1,653,135	1,248,052	856,685	372,672	772,270	712,530
122C		Fire - Construction	1,543,512	1,461,770	102,343	145,857	96,634
122D		Fire - Land, Equipment, and Existing Structures	471,471	628,385	52,775	456,234	38,021	200,109
123A		Inspectors - Salaries
123B		Inspectors - All other Direct
123C		Inspectors - Construction
123D		Inspectors - Land, Equipment, and Existing Structures
124A		Rescue Units - Salaries
124B		Rescue Units - All other Direct
124C		Rescue Units - Construction
124D		Rescue Units - Land, Equipment, and Existing Structures
125A		Animal Control - Salaries
125B		Animal Control - All other Direct
125C		Animal Control - Construction
125D		Animal Control - Land, Equipment, and Existing Structures
126A		Public Safety All Other - Salaries
126B		Public Safety All Other - All other Direct
126C		Public Safety All Other - Construction
126D		Public Safety All Other - Land, Equipment, and Existing Structures
127A	TRANSPOR	Traffic Engineering - Salaries	484,451	482,106	472,149	206,388	270,554	256,587
127B	TATION	Traffic Engineering - All other Direct	976,268	1,176,754	1,107,006	692,124	750,470	604,886
127C		Traffic Engineering - Construction
127D		Traffic Engineering - Land, Equipment, and Existing Structures				5,537		8,313
128A		Streets and Highways - Salaries				146,746
128B		Streets and Highways - All other Direct	550,196	612,814	487,769	638,259	445,551	417,734
128C		Streets and Highways - Construction	2,517,028	4,140,670	4,109,343	711,848	2,103,491	1,904,223
128D		Streets and Highways - Land, Equipment and Existing Structures	385,006	151,583	81,312		101,757	54,844
129A		Street Cleaning - Salaries
129B		Street Cleaning - All other Direct
129C		Street Cleaning - Construction
129D		Street Cleaning - Land, Equipment, and Existing Structures
130A		State Street Aid Allocation - Powell Bill - Salries	302,445	318,401	656,041	763,301	520,989	424,993
130B		State Street Aid Allocation - Powell Bill - All other Direct	1,047,330	543,942	595,465	512,274	546,456	904,651
130C		State Street Aid Allocation - Powell Bill - Construction				3,525,687
130D		State Street Aid Allocation - Powell Bill - Land, Equipment, and Existing Structures	31,332					26,683
131A		Parking Facilities - Salaries
131B		Parking Facilities - All other Direct
131C		Parking Facilities - Construction
131D		Parking Facilites - Land, Equipment, and Existing Structures
132A		Mass Transit - City - Salaries
132B		Mass Transit - City - All other Direct	240,891	186,742	133,757	217,572	201,608	99,494
132C		Mass Transit - City - Construction
132D		Mass Transit - City - Land, Equipment, and Existing Structures
133B		Mass Transit - Private - All other Direct only
134A		Airport - Salaries
134B		Airport - All other Direct
134C		Airport - Construction
134D		Airport - Land, Equipment, and Existing Structures
135A		Transportation - All Other - Salaries
135B		Transportation - All Other - All other Direct
135C		Transportation - All Other - Construction
135D		Transportation - All Other - Land, Equipment, and Existing Structures
136A	ENVIRON	Solid Waste - Salaries				85,652	329,872	359,869
136B	MENTAL	Solid Waste - All other Direct	2,810,752	2,807,868	2,343,727	2,397,683	2,042,517	1,918,927
136C	PROTECTION	Solid Waste - Construction
136D		Solid Waste - Land, Equipment, and Existing Structures
137A		Drainage and Watershed - Salaries
137B		Drainage and Watershed - All other Direct
137C		Drainage and Watershed - Construction	621	1,294,237	721,857
137D		Drainage and Watershed - Land, Equipment, and Existing Structures
138A		Cemeteries - Salaries
138B		Cemeteries - All other Direct	8,646	10,125	9,300		9,992	12,225
138C		Cemeteries - Construction
138D		Cemeteries - Land, Equipment, and Existing Structures
139A		Environmental Protection - All Other - Salaries
139B		Environmental Protection - All Other - All other Direct
139C		Environmental Protection - All Other - Construction
139D		Environmental Protection All Other - Land, Equipment, and Existing Structures
140A	ECONOMIC	Planning and Zoning - Salaries
140B	& PHYSICAL	Planning and Zoning - All other Direct	777,870	711,182	616,869	457,827	569,396	494,990
140C	DEVELOP	Planning and Zoning - Construction
140D		Planning and Zoning - Land, Equipment, and Existing Structures
141A		Economic Development - Salaries
141B		Economic Development - All other Direct	130	6,042	21,731		14,993	8,026
141C		Economic Development - Construction	154,061	43,811	83,164	615,210	63,752	150,148
141D		Economic Development - Land, Equipment, and Existing Structures
142A		Community Development - Salaries
142B		Community Development - All other Direct	421,742	419,220	549,029	389,132	365,970	512,818
142C		Community Development - Construction	51,689	252,698		184,802
142D		Community Development - Land, Equipment, and Existing Structures	8,540	84,378
143A		Housing and Urban Renewal - Salaries
143B		Housing and Urban Renewal - All other Direct			66,813		9,734	76,207
143C		Housing and Urban Renewal - Construction	258,903	472,558	189,690		264,211	3,640
143D		Housing and Urban Renewal - Land, Equipment, and Existing Structures			90,900
144A		Special Employment Programs (JTPA) - Salaries
144B		Special Employment Programs (JTPA) - All other Direct
144C		Special Employment Programs (JTPA) - Construction
144D		Special Employment Programs (JTPA) - Land, Equipment, and Existing Structures
145A		Economic and Physical Development - All Other - Salaries [A]
145B		Economic and Physical Development - All Other - All other Direct
145C		Economic and Physical Development - All Other - Construction
145D		Economic and Physical Development - All Other - Land, Equipment, and Existing Structures
146A	HUMAN	Health - Salaries
146B	SERVICES	Health - All other Direct
146C		Health - Construction
146D		Health - Land, Equipment, and Existing Structures
147A		Mental Health - Salaries
147B		Mental Health - All other Direct
147C		Mental Health - Construction
147D		Mental Health - Land, Equipment, and Existing Structures
148A		Social Services - Salaries
148B		Social Services - All other Direct
148C		Social Services - Construction
148D		Social Services - Land, Equipment, and Existing Structures
149B		Subsidies Paid: Hospitals - City Owned - All other Direct
150B		Subsidies Paid: Hospitals - Private Owned - All other Direct
151A		Other Human Services: Legal Aid - Salaries
151B		Other Human Services: Legal Aid - All other Direct
151C		Other Human Services: Legal Aid - Construction
151D		Other Human Services: Legal Aid - Land, Equipment, and Existing Structures
152A		Human Services - All Other - Salaries
152B		Human Services - All Other - All other Direct
152C		Human Services - All Other - Construction
152D		Human Services - All Other - Land, Equipment, and Existing Structures
153A	CULTURE	Recreation and Parks - Salaries	671,053	557,714	509,915	517,166	327,253	260,254
153B	RECREATION	Recreation and Parks - All other Direct	824,422	758,577	706,999	608,356	531,616	565,407
153C		Recreation and Parks - Construction	289,150	909,893	527,205	1,027,614	59,595	449,496
153D		Recreation and Parks - Land, Equipment, and Existing Structures	112,683	7,321	94,001	32,046	43,493	124,123
154A		Coliseum - Salaries
154B		Coliseum - All other Direct
154C		Coliseum - Construction
154D		Coliseum - Land, Equipment, and Existing Structures
155A		Museums - Salaries
155B		Museums - All other Direct
155C		Museums - Construction
155D		Museums - Land, Equipment, and Existing Structures
156A		Libraries - Salaries
156B		Libraries - All other Direct
156C		Libraries - Construction
156D		Libraries - Land, Equipment, and Existing Structures
157A		Culture and Recreation - All Other - Salaries
157B		Human Services - All Other - All other Direct
157C		Human Services - All Other - Construction
157D		Human Services - All Other - Land, Equipment, and Existing Structures
158A	UTILITY	Water and Sewer - Salaries	1,776,510	2,041,412	1,592,365	2,014,176	1,602,850	1,340,206
158B		Water and Sewer - All other Direct	5,848,731	6,134,835	5,613,225	4,444,557	4,840,332	4,609,970
158C		Water and Sewer - Construction		2,100,908	940,048	2,205,694	1,499,394	4,081,375
158D		Water and Sewer - Land, Equipment, and Existing Structures	316,996	17,549		32,283	339,475	93,495
159A		Electric Power - Salaries
159B		Electric Power - All other Direct
159C		Electric Power - Construction
159D		Electric Power - Land, Equipment, and Existing Structures
160A		Natural Gas - Salries
160B		Natural Gas - All other Direct
160C		Natural Gas - Construction
160D		Natural Gas - Land, Equipment and Existing Structures
160.1A		Storm water salaries	446,207	519,306	11,974
160.1B		Storm water other operating	863,744	439,556	84,921
160.1C		Storm water contruction
160.1C		Storm water land, equipment and existing structures		635,608
161B	DEBT	Water and Sewer - Debt Service Interest Payments	1,496,752	1,538,784	1,700,137	1,785,365	1,819,375	1,709,178
161D	SERVICE	Water and Sewer - Debt Service Principal Payments	3,205,048	3,010,874	3,058,836	2,943,434	2,802,163	2,729,118
162B		Electric - Debt Service Interest Payments
162D		Electric - Debt Service Principal Payments
163B		Gas - Debt Service Interest Payments
163D		Gas - Debt Service Principal Payments
164B		School - Debt Service Interest Payments
164D		School - Debt Service Principal Payments
165B		Hospital - Debt Service Interest Payments
165D		Hospital - Debt Service Principal Payments
166B		All Other - Debt Service Interest Payments	646,067	405,192	378,078	402,869	177,399	302,753
166D		All Other - Debt Service Principal Payments	3,189,864	2,426,435	2,737,719	1,745,094	1,646,932	1,870,475
167B	PENSION	Direct Benefit Program - Pension Fund operated by the Unit
168B	FRINGE	Fringe Benefits Unallocated - (B)
169B		Separation Allowance - Law Enforcement Officers -(B)	167,455	174,985	146,927	149,743	136,617	125,350
170B		Separation Allowance - Other Employees - (B)	50,458	44,878	22,439	451	3,382	5,690
171B		Supplemental Retirement Income Plan for Law Enforcement Officers - (B)	184,203	167,639	170,942	164,873	153,948	159,135
172B		Fringe Benefits Other - (B)
173A		Multi-County Library District, County, or Other Municipality Authority
173B	INTERGOV	Multi-County Library District, County, or Other Municipality (Item number)
173C	EXPEND	Multi-County Library District, County, or Other Municipality (Amount)
174A		General Governmental Actitivies shared with the County (County)	County	County	County		County	County
174B		General Governmental Actitivies shared with the County (Item number)	113	111 and 113	113	111&113	111 & 113	111 & 113
174C		General Governmental Actitivies shared with the County (Amount)	279,898	239,378	199,530	203,042	195,415	174,411
175A		Highways (Payments to State) (State)
175B		Highways (Payments to State) (Item number)
175C		Highways (Payments to State) (Amount)
176A		Others - Name of Payee #1
176B		Others - 1 (B)
176C		Others - 1 (C)
177A		Others - Name of Payee #2
177B		Others - 2 (B)
177C		Others - 2 (C)
178A		Others - Name of Payee #3
178B		Others - 3 (B)
178C		Others - 3 (C)
179	PART 6	Current Year Levy Excluding Motor Vehicles	16,399,852	11,900,790	10,726,068	10,093,493	9,719,683	9,393,170
180	OTHER	Current Year Levy Motor Vehicles Only	1,218,068	1,251,715	1,205,628	1,188,717	1,104,205	1,150,729
181	DATA	Uncollected Taxes - Current Year's Levy - Excluding Motor Vehicles	309,061	158,570	149,813	224,043	266,686	805,168
182		Uncollected Taxes - Current Year's Levy - Motor Vehicles	131,696	144,581	151,850	146,813	156,621	178,099
183		Percentage of Taxes Collected - Current Year All Property	97.5	97.70	97.47	96.71	96.09	90.67
184		Percentage of Taxes Collected - Current Year - Excluding Motor Vehicles	98.12	98.67	98.60	97.78	97.26	91.43
185		Percentage of Taxes Collected - Current Year - Motor Vehicles	89.19	88.45	87.40	87.65	85.82	84.52
186		Total Amount of Expenditures for Salaries and Wages to Unit's Own Personnal
187A		Capital Reserve or Available Funds - Schools - July 1, Previous Year
187B		Capital Reserve or Available Funds - Schools - June 30, Current Year
188A		Capital Reserve or Available Funds - Hospitals - July 1, Previous Year
188B		Capital Reserve or Available Funds - Hospitals - June 30, Current Year
189A	PART 7	Cash on Hand and in Bank, and Securities - Held in Debt Service Fund	2,932,020	2,941,805	3,090,040	3,004,927	2,978,257	2,940,711
189B	CASH &	Cash on Hand and in Bank, and Securities - Construction Bond Fund - Unexpended bond proceeds	480,000	3,280,196	2,386,267	455,557	3,620,755	1,077,102
189C	INVEST	Cash on Hand and in Bank, and Securities - All Other	11,101,782	12,091,205	9,642,010	6,571,753	9,676,208	9,436,227
190A	PART	Appropriations made during the fiscal year pursuant to subsections b (1- 7)
190B	8	Expenditures made during the fiscal year pursuant to subsections b (1- 7)	154,191	49,853	104,895	615,755	84,846	158,174
191		Investment in Property Acquired at any time under G.S. 158	2,020,567	1,866,376	1,816,523	1,816,523	1,816,523	1,816,523
192		Amount Expended during the fiscal year pursuant to subsections b (5) and b (7)	154,191	49,853	104,895	615,755	84,846	158,174
193		Amount of Tax Revenues taken into account under G.S.
194A	PART 9	Amounts - Total Revenues and other financing sources per audit	47,714,707	58,231,664	52,196,337	39,955,371	41,649,264	30,974,330
194B	FISCAL	Amounts - Subtract proceeds of refunding debt
194C	SUMMARY	Amounts - Subtract interfund transfers in	877,639	1,528,578	1,672,224	2,218,618	3,162,566	707,460
194D		Amounts - Net Revenues per AFIR	46,837,068	56,703,086	50,524,113	37,736,753	38,486,698	30,266,870
		Calculated amount	46,837,068	56,703,086	50,524,113	37,736,753	38,486,698	30,266,870
		Amounts in AGREEMENT??	Yes	Yes	Yes	Yes	Yes	Yes
		Difference
195A		Amounts - Total Expenditures and other financing sources per audit	51,823,400	54,045,819	46,694,273	45,806,366	39,203,947	38,045,846
195B		Amounts - Subtract payments to refunding debt escrow agent
195C		Amounts - Subtract interfund transfers out	877,639	1,528,578	1,672,224	2,218,618	3,162,566	707,460
195D		Amounts Net Expenditures per AFIR	50,945,761	52,517,241	45,022,049	43,587,748	36,041,381	37,338,386
		Calculated amount	50,945,761	52,517,241	45,022,049	43,587,748	36,041,381	37,338,386
		Amounts in AGREEMENT??	Yes	Yes	Yes	Yes	Yes	Yes
		Difference

	PART 10

950		Name of Official Signatory	Michael W. Shinn
951		Title of Official	Finance Director
952		Date Certified	11/03/2009	10/31/2008	10/31/2007
953		Person to Contact	Chris Welch
954		Title of Person to Contact	Deputy Finance Director
955		Telephone Number	704-920-4306
956		Facsimile Number	704-938-5919

Go to top of page Key Ratios and Operations Statistics of Water and Sewer Systems for
City of Kannapolis

	2009	2008	2007	2006	2005	2004

Population	44,102	42,806	41,298	40,141	39,187	38,679
Population Group	No Electric 10,000 to 49,999	No Electric 10,000 to 49,999	No Electric 10,000 to 49,999	No Electric 10,000 to 49,999	No Electric 10,000 to 49,999	No Electric 10,000 to 49,999
Total Operating Revenues	$0	0	0	0	0	0
Total Operating Revenues Per Capita	$0	0	0	0	0	0
Group Weighted Average Revenues Per Capita	0	27	15	31	8	0
State Weighted Average Revenues Per Capita	2	20	12	15	16	3

% to Total Operating Revenues
Operating Expenses	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Group Weighted Average	#DIV/0!	81.68%	84.69%	127.82%	0.00%	#DIV/0!
State Weighted Average	287.00%	89.94%	84.21%	104.54%	119.75%	338.51%

Operating Margin	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Group Weighted Average	#DIV/0!	18.32%	15.31%	-27.82%	100.00%	#DIV/0!
State Weighted Average	-187.00%	10.06%	15.79%	-4.54%	-19.75%	-238.51%

Operating Transfers In/(out)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Group Weighted Average	#DIV/0!	-6.46%	0.00%	-8.29%	0.00%	#DIV/0!
State Weighted Average	0.00%	-0.70%	-0.66%	-1.84%	-2.09%	5.70%

Net Income before capital contributions	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Group Weighted Average	#DIV/0!	358.71%	634.58%	212.07%	1026.66%	#DIV/0!
State Weighted Average	968.20%	480.53%	1193.75%	778.98%	531.01%	2097.68%

Key Ratios and Cash Flow

Quick Ratio	1.14	1.18	0.90	0.46	0.75	1.22
Group Weighted Average	3.11	3.21	3.22	3.18	3.04	3.26
State Weighted Average	2.81	2.96	2.90	2.82	1.82	2.76

Days Sales in Receivables	N/A	N/A	N/A	N/A	N/A	N/A
Group Weighted Average	#DIV/0!	31.7	49.3	46.0	135.5	0.0
State Weighted Average	47.3	60.7	42.6	87.6	97.7	61.5

Days Cash on Hand	0.0	0.0	0.0	0.0	0.0	0.0
Group Weighted Average	-170.8	-186.5	-4.7	-105.1	-260.4	-92.5
State Weighted Average	-46.5	-344.5	-221.9	-343.5	-346.7	-208.8

Cash flow from Operations	$4,313,594	5,442,726	5,227,940	4,713,437	3,693,011	2,880,507

Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.00
Group Weighted Average	#DIV/0!	2.28	12.23	1.96	1.22	#DIV/0!
State Weighted Average	27.79	3.77	5.74	3.82	2.36	3.93

Debt per Capita	0	0	0	0	1,016	0
Group Weighted Average	77	325	217	295	220	58
State Weighted Average	754	535	335	660	675	266

Capital Expenditures:	2009	2008	2007	2006	2005	2004
	$316,996	2,118,457	940,048	2,237,977	1,838,869	4,174,870

	2003	2002	2001	2000
	$10,284,122	9,153,053	1,113,310	1,313,774

Capital Contributions: Excluded from income above	$0	0	0	0	0	0


Operating Statistics

Estimated population of the areas served Water	0	0	41,273	NA	NA	NA
Estimated population of the areas served Sewer	0	0	41,273	NA	NA	NA

Number of Gallons of Water Processed (000) omitted	1,420	1,498,697	1,227,070	NA	NA	NA
Number of Gallons of Sewage Processed (000) omitted	1,349	1,389,218	1,462,000	NA	NA	NA

Number of Gallons of Water Billed (000) omitted	1,094	1,454,616	1,116,437	NA	NA	NA
Number of Gallons of Sewage Billed (000) omitted	847	872,318	889,375	NA	NA	NA

Ratio of Water Billed to Water Processed	0.77042	0.97059	0.90984	NA	NA	NA
Ratio of Sewage Billed to Sewage Processed	0.62787	0.62792	0.60833	NA	NA	NA

Total Revenue from Water Sales	5,942,253	7,033,784	6,163,016	NA	NA	NA
Total Revenue from Sewage Sales	5,114,737	5,368,856	5,320,416	NA	NA	NA

Water Revenue per 1000 gallons of Sales			149.32319	NA	NA	NA
Sewage Revenue per 1000 gallons of Sales			128.90791	NA	NA	NA

Group Average Sales per thousand Gallons Water	$43.89276	$8,202.96943	$14,778.61260	NA	NA	NA
Group Average Sales per thousand Gallons Sewage	$61.27470	$6,820.24527	$15,323.42368	NA	NA	NA

State Average Sales per thousand Gallons Water	$28.47236	$12,972.02948	$5,350.70834	NA	NA	NA
State Average Sales per thousand Gallons Sewage	$41.46915	$10,319.10819	$3,921.08643	NA	NA	NA

Residential Water Sales per thousand Gallons	$6,391.47083	6.33782	6.01400	NA	NA	NA
Residential Sewage Sales per thousand Gallons	$6,473.16741	6.37906	6.21472	NA	NA	NA

Water Sales per thousand Gallons outside Municipal Limits			4.18359	NA	NA	NA
Sewage Sales per thousand Gallons outside Municipal Limits			6.74979	NA	NA	NA

Total Water Sales per thousand gallons for Redistribution	$0.00000	0.00000	410,445.00000	NA	NA	NA
Total Sewage Sales per thousand gallons for Redistribution	$0.00000	0.00000	0.00000	NA	NA	NA

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

	2005	2006	2007	2008	2009
Unit's FBA %	20.24%	8.08%	16.74%	15.43%	13.46%
Group average FBA %	37.21%	38.05%	40.44%	43.40%	41.08%
State average Electric/Non Electric Group FBA %	36.82%	37.38%	37.38%	36.63%	37.77%
State average FBA %	36.78%	36.96%	37.21%	36.34%	37.00%

Municipal Population Group: No Electric 10,000 to 49,999

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2005 2006 2007 2008 2009

Municipality 96.09% 96.71% 97.47% 97.70% 97.50%

Pop. Group 97.36% 97.48% 97.23% 97.39% 97.32%

Statewide 97.42% 97.55% 97.59% 97.64% 97.78%

Municipal Population Group: No Electric 10,000 to 49,999

	2005	2006	2007	2008	2009
Municipality	96.09%	96.71%	97.47%	97.70%	97.50%
Pop. Group	97.36%	97.48%	97.23%	97.39%	97.32%
Statewide	97.42%	97.55%	97.59%	97.64%	97.78%

Municipal Population Group: No Electric 10,000 to 49,999

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2005 2006 2007 2008 2009

Municipality 10 2 0 0 0

Pop. Group 320 283 243 247 221

Statewide 505 495 478 456 455

Municipal Population Group: 25,000 to 49,999

	2005	2006	2007	2008	2009
Municipality	10	2	0	0	0
Pop. Group	320	283	243	247	221
Statewide	505	495	478	456	455

Municipal Population Group: 25,000 to 49,999

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2005 2006 2007 2008 2009

Property Tax $275 281 294 310 399

Utility 257 277 330 360 304

Sales Tax 125 124 125 127 112

Sales & Services 5 4 8 11 12

Intergovernmental 104 103 97 131 117

Debt Proceeds 115 65 164 268 50

Other Miscellaneous 101 86 205 118 68

Total $982 940 1,223 1,325 1,062

	2005	2006	2007	2008	2009
Property Tax	$275	281	294	310	399
Utility	257	277	330	360	304
Sales Tax	125	124	125	127	112
Sales & Services	5	4	8	11	12
Intergovernmental	104	103	97	131	117
Debt Proceeds	115	65	164	268	50
Other Miscellaneous	101	86	205	118	68
Total	$982	940	1,223	1,325	1,062

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2009
2009

Category Revenue
Per Capita

Property Tax $17,588,594
$399

Water/Sewer 12,031,398
273

Electric 0
0

Other Utilities 1,388,543
31

Sales Tax 4,979,383
112

Sales & Services 519,561
12

Intergovernment 5,147,601
117

Debt Proceeds 2,188,250
50

Miscellaneous 2,980,854
68

Total $46,824,184
$1,062

Municipal Population Group: No Electric 10,000 to 49,999

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2009
2009

Category Expenditures
Per Capita

General Government $5,067,776
$114

Water/Sewer 7,942,237
180

Electric 0
0

Other Utilities 1,309,951
30

Debt Service 8,537,731
194

Transportation 6,534,947
148

Public Safety 15,112,399
343

Other 6,440,720
146

Total $50,945,761
$1,155

Municipal Population Group: No Electric 10,000 to 49,999

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2009
2009

Category Expenditures
Per Capita

Salaries & Wages $12,633,637
$286

Water/Sewer Capital 316,996
7

Electric Capital 0
0

Other Capital 7,321,835
166

Other Operating 30,673,293
696

Total $50,945,761
$1,155

Municipal Population Group: No Electric 10,000 to 49,999

Last Updated 6/11/2010 10:54:00 AM



	2009	2009
Category	Revenue	Per Capita
Property Tax	$17,588,594	$399
Water/Sewer	12,031,398	273
Electric	0	0
Other Utilities	1,388,543	31
Sales Tax	4,979,383	112
Sales & Services	519,561	12
Intergovernment	5,147,601	117
Debt Proceeds	2,188,250	50
Miscellaneous	2,980,854	68
Total	$46,824,184	$1,062

Municipal Population Group: No Electric 10,000 to 49,999

North CarolinaDepartment of State TreasurerFinancial InformationCity of Kannapolis

Financial Graphs and Comparisons

North Carolina
Department of State Treasurer
Financial Information
City of Kannapolis