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									City of Rock Hill,
 South Carolina
    Nov 21, 2008




                     1
        Current City Ratings
   In Determining Credit Quality – the Rating
    Agencies will evaluate governmental
    entities on the following criteria
    – Local Economy
    – Existing Debt
    – Current Finances
    – Management of the Government



                                                 2
        Current City Ratings
   Moody’s and Standard & Poor’s Rating Agencies issue
    ratings on governments across the U.S.

        Moody’s            Standard & Poor’s
          Aaa                    AAA
          Aa                      AA              Investment
           A                       A              Grade
         Baa                     BBB
          Ba                      BB
                                                  Less than
           B                       B
                                                  Investment
         Caa                     CCC
                                                  Grade
          Ca                       C
           C                       D
                                                               3
        Current City Ratings
   Within Credit Quality Bonds – there are
    additional segregations on the rating

       Moody’s          Standard & Poor’s
         Aaa                 AAA
         Aa1                 AA+
         Aa2                 AA
         Aa3                 AA-
          A1                  A+
          A2                  A
          A3                  A-
        Baa1                 BBB
                                              4
       Current City Ratings
The Rating Agencies have assigned the
 following upgrades to the City of Rock Hill
   General Government
    – Standard and Poor’s: A- to A+

    – Moody’s: A3 to A1

   Combined Utility System
    – Standard and Poor’s: BBB to A

    – Moody’s: Baa1 to A2



                                               5
           Current City Ratings
   A quick review of the City’s presentation
    to the Rating Agencies reveals strengths in
    all four areas that are considered:
    – Local Economy
    – Existing Debt
    – Current Finances
          General Government
          Combined Utility System
    – Management of the Government
                                                  6
I. Local Economy




                   7
   City Population Growth
   Since Last Decennial Census
                      70,000

                                                                                              64,858

                                                                                     61,620
   Total Population




                      60,000                                                59,554
                                                                   57,902
                                                          56,114
                                                 53,940
                                        51,253
                               49,765
                      50,000




                      40,000
                               2000     2001     2002     2003     2004     2005     2006     2007


Source: U.S Census                                                                                     8
      Fastest-growing Municipalities in S.C.
      Total Population Growth thru 2008
                                             Mount Pleasant
                                                 Summerville
                                                    Rock Hill                            15,093
                                                 Charleston
                                           North Charleston
                                                   Columbia
         Population Increase since 2000




                                                Goose Creek
                                               Myrtle Beach
                                                      Greer
                                                  Port Royal
                                                  Lexington
                                                    Mauldin
                                          North Myrtle Beach
                                                      Aiken
                                                    Conway
                                                    Bluffton
                                                  Greenville
                                              North Augusta
                                                   Hanahan
                                                                                                           9
Source: U.S. Census                                             0   5,000   10,000   15,000       20,000
York County Total Labor Force
1990-2007
2007
2006
2005
2004
2003
2002
2001
2000
1999
1998
1997
1996
1995
1994
1993
1992
1991
1990

       0   20,000   40,000      60,000           80,000   100,000   120,000
                             Total Labor Force                           10
Median Household Effective Buying Income
Among Highest in the State/Region in 2008


     Concord                                                                                        $42,259
    Charlotte                                                                                      $41,654

     Monroe                                                                               $38,151

  Charleston                                                                           $35,896

     Rock Hill                                                                     $34,654

    Gastonia                                                                     $34,539

   Kannapolis                                                                  $32,824

    Columbia                                                                 $31,485

   Greenville                                                            $30,946

N. Charleston                                                          $29,682

 Spartanburg                                                       $27,170

             $0   $5,000   $10,000   $15,000   $20,000   $25,000   $30,000    $35,000    $40,000    $45,000    $50,000



                                                                                                     Source: Nielson Claritas 11
Per Capita Aggregate Household EBI
Among Highest in the State/Region in 2008
    Charlotte                                                             $23,289

  Charleston                                                       $21,379

     Concord                                                 $19,928

   Greenville                                                $19,837

     Rock Hill                                       $17,768

    Columbia                                       $17,397

    Gastonia                                      $17,089

     Monroe                                     $16,168

   Kannapolis                                  $15,695

 Spartanburg                               $15,423

N. Charleston                        $13,449

             $0   $5,000   $10,000   $15,000             $20,000          $25,000               $30,000
                                                    Source: Nielson Claritas/US Census Bureau             12
      Retail Sales & Growth Trends
      City and County - Since 1990


                                $5,000                                                                                                                                                                                                                  $ 4 ,9 5 9
                                                                                                                                                                                                                                           $ 4 ,7 3 4

                                $4,500
                                                                                                                                                                                                                              $ 3 ,9 9 1
                                $4,000
      Retail Sales (millions)




                                                                                                                                                                                                                 $ 3 ,6 7 4

                                $3,500                                                                                                                                                 $ 3 ,2 8 5
                                                                                                                                                                                                    $ 3 ,3 5 7
                                                                                                                                                                          $ 3 ,1 7 2
                                                                                                                                                             $ 3 ,0 6 3
                                $3,000                                                                                                          $ 2 ,8 2 7

                                                                                                                                   $ 2 ,4 9 5
                                $2,500                                                                                $ 2 ,3 7 9
                                                                                                         $ 2 ,2 1 4

                                $2,000                                         $ 1 ,8 8 1
                                                                                            $ 1 ,9 8 1

                                                                  $ 1 ,6 1 3                                                                                                                                                                     $ 1 ,6 3 3
                                          $ 1 ,4 5 5 $ 1 ,5 0 3                                                                                                                                                                     $ 1 ,5 1 1
                                $1,500
                                                                                                                                                                                                                       $ 1 ,2 3 5
                                                                                                                                                                                                    $ 1 ,0 7 6
                                                                                                                                                                                 $ 9 7 0 $ 1 ,0 2 0
                                $1,000                                   $781         $769
                                                                                                   $921         $915
                                                                                                                             $809         $808         $836
                                                                                                                                                                    $911

                                         $601    $608       $649
                                 $500

                                   $0
                                          1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2003 2004 2005 2006 2007


                                                                                                                City                 County
                                                                                                                                                                                                                                                                     13
Source: South Carolina Department of Revenue
Major new Businesses in Rock Hill
Last 10 years
                   Compact Power Services (45 employees) TechPark – 1998
                   West Marine Products (285 employees) Firetower Road –
                    1998
                   Tyco Electronics – formerly AMP (449 employees) Porter
                    Road – 1995
                   State Farm Distribution Facility (25) Porter Road – 1997
                   ATS Carolina (95 employees) Waterford – 2000
                   Transaxle Manufacturing of America (150) Waterford –
                    2002
                   C.C. Dickson (74 employees) TechPark - 2000
                   Hyosung Corporation (40 employees) Waterford – 2002
                   Spirit/PalmettoNet (18 employees) TechPark – 2001
                   Atotech USA (178 employees) Waterford – 2001 expansion
                   Composite Resources (12 employees) TechPark – 2004
                   Performance Food Group (60 employees) Firetower – 2005
                   Atlas Copco (87 employees) Waterford – 2004
                   3D Systems Corp. (145 employees) Waterford – 2007
                   Williams & Fudge (150 employees) – Textile Corridor
                    2007 expansion
                                                                               14
Major Business Centers
Within Rock Hill City Limits
                                         Approximate
     Location                Employees    Investment

  TechPark Business Park      1,026      $ 66,050,000
  Waterford Business Park      882       $126,000,000
  Airport Industrial Park      599       $ 24,386,000
  Southway Industrial Park     149       $ 12,402,000
  Antrim Business Park           25      $ 3,500,000
  Downtown                    1,055      $ 37,680,000
  Textile Corridor              200      $ 19,400,000
                              3,936      $289,418,000


                                                        15
II. Existing Debt




                    16
CITY OF ROCK HILL, SOUTH CAROLINA
General Obligation/COPs/TIF/Stormwater
Principal of Outstanding Debt

           Gen Obligation      Gen Obligation    Gen Obligation    Cert of Particip    Tax Increment      Tax Increment          Stormwater          Stormwater            Stormwater
Year        Series 1997         Series 2003        Series 2005       Series 2005        Series 2007       Series 2008A           Series 2006A       Series 2006B          Series 2006C
1-Jan      Principal Coupon   Principal Coupon   Principal Coupon Principal Coupon    Principal Coupon Principal Coupon Principal Coupon Principal Coupon               Principal Couponn    Total      .


2009          65,000 4.800%    200,000 5.000%    485,000 3.250%    460,000 3.000%      215,000 4.370%              0 2.910%    124,563    2.250%    84,754     3.750%    120,689    2.250%    1,755,006
2010          65,000 4.900%    250,000 3.250%    500,000 3.250%    475,000 3.000%      235,000 4.370%              0 2.910%    129,300    2.250%    86,677     3.750%    123.428    2.250%    1,864,405
2011          70,000 5.000%    250,000 3.250%    515,000 3.500%    490,000 3.250%      250,000 4.370%              0 2.910%    134,217    2.250%    88,644     3.750%    126.229    2.250%    1,924,090
2012          75,000 5.000%    250,000 3.500%    535,000 3.250%    505,000 3.500%      275,000 4.370% 2,750,000 2.910%         139,322    2.250%    90,656     3.750%    129.093    2.250%    4,749,069
2013          75,000 5.000%    275,000 3.250%                      525,000 3.500%      295,000 4.370%                          144,620    2.250%    92,713     3.750%    132,022    2.250%    1,539,354
2014          80,000 5.100%    275,000 3.375%                      540,000 3.750%      315,000 4.370%                          150,120    2.250%    94,816     3.750%    135,018    2.250%    1,589,954
2015          85,000 5.125%    300,000 3.500%                      560,000 3.750%                                              155,829    2.250%    96,968     3.750%    138,081    2.250%    1,335,878
2016          90,000 5.125%    300,000 3.750%                      580,000 4.000%                                              161,755    2.250%    99,168     3.750%    141,214    2.250%    1,372,137
2017          95,000 5.125%    300,000 3.750%                      605,000 4.000%                                              167,907    2.250%   101,418     3.750%    144,419    2.250%    1,413,744
2018        100,000 5.125%     350,000 4.000%                      630,000 4.000%                                              174,293    2.250%   103,719     3.750%    147,696    2.250%    1,505,708
2019                           350,000 4.000%                      655,000 4.000%                                              180,921    2.250%   106,073     3.750%    151,047    2.250%    1,443,041
2020                           350,000 4.000%                      680,000 4.000%                                              187,802    2.250%   108,480     3.750%    154,474    2.250%    1,480,756
2021                           350,000 4.100%                      710,000 4.000%                                              194,944    2.250%   110,941     3.750%    157,979    2.250%    1,523,864
2022                           400,000 4.125%                      735,000 4.000%                                              202,358    2.250%   113,458     3.750%    161,564    2.250%    1,612,380
2023                           400,000 4.125%                      765,000 4.000%                                              210,054    2.250%   116,033     3.750%    165,230    2.250%    1,656,317
2024                                                               795,000 4.500%                                              218,042    2.250%   118,666     3.750%    168,979    2.250%    1,300,687
2025                                                               835,000 4.500%                                              226,334    2.250%   121,358     3.750%    172,813    2.250%    1,355,506
2026                                                                                                                           115,827    2.250%    61,534     3.750%    131, 929   2.250%      309,290


Total       800,000           4,600,000          2,035,000         10,545,000          1,585,000        15,120,000            3,018,206            1,796,076            7,352,000            29,731,185


Call Date 05/01/09@100%       04/01/13@100%       Not Callable    01/01/15@100%       Not Callable      05/01/09@100%         Anytime@100%      Anytime@100%       Anytime@100%


Adv. Ref.       0 Times         0 Times             N/A            0 Times              N/A             0 Times                0 Times             0 Times              0 Times              Weighted
Eligibility     Eligible        Eligible            N/A            Eligible             N/A             Eligible               Eligible             Eligible            Eligible             Avg. Int
Wt.Avg                                                                                                                                                                                         Rate
Int Rate       5.0434%         3.8167%            3.3133%          3.8789%              4.370%          2.910%                 2.250%               3.750%               2.250%              3.3129%




                                                                                                                                                                                                            17
 General Obligation Bonds
 Aggregate Debt Service

$1,200,000


$1,000,000


 $800,000


 $600,000


 $400,000


 $200,000


       $0
             '08   '09   '10   '11    '12   '13   '14   '15   '16   '17     '18   '19   '20   '21   '22




                         2005 Ref of 1993 A/B     1997 New Money          2003 New Money


                                                                                                          18
GO Principal Outstanding
By Year

                                             $10,000
Total Outstanding Principal (in thousands)




                                              $8,000
                                                       $7,435
                                                                $6,685

                                              $6,000                     $5,870

                                                                                  $5,035

                                                                                           $4,175
                                              $4,000                                                $3,825
                                                                                                             $3,470
                                                                                                                      $3,085
                                                                                                                               $2,695
                                                                                                                                        $2,300
                                              $2,000                                                                                             $1,850
                                                                                                                                                          $1,500
                                                                                                                                                                   $1,150
                                                                                                                                                                            $800
                                                                                                                                                                                   $400
                                                 $0
                                                       2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022

                                                                                                                                                                                          19
Total GO Debt Per Capita
1999-2008

                            $500


                            $400
 Total GO Debt Per Capita




                            $300


                            $200                                              $175.98
                                                                                        $160.52 $148.94
                                   $128.37 $125.80                                                        $132.51
                                                   $112.94 $102.92                                                  $116.73
                            $100                                     $90.84



                             $0
                                    1999    2000    2001   2002      2003     2004       2005    2006     2007       2008

                                                                                                                              20
Total GO Debt Per Assessed Valuation
1999-2008

                                        10%
 Total GO Debt Per Assessed Valuation




                                        8%
                                                                                    6.09%
                                              5.75% 5.54%
                                                                                            5.50%
                                                                                                    5.04%
                                        5%                  4.44%
                                                                                                            3.96%
                                                                    3.44%                                             3.50%
                                                                            3.11%
                                        3%



                                        0%
                                              1999   2000   2001    2002    2003    2004    2005    2006    2007     2008*

                                                                                                              *Projected      21
General Obligation Debt Margin
City’s Legal Debt Margin


                        FY 04-05          FY 05-06          FY 06-07          FY 07-08


Assessed Value      $171,076,148      $175,979,600      $206,396,667      $213,443,497


8% Debt Limit           13,686,092        14,078,368        16,511,733        17,075,480

Total Existing
Outstanding Debt        (9,295,000)       (8,870,000)       (8,165,000)       (7,435,000)


Legal Debt Margin   $    4,391,092    $    5,208,368    $    8,346,733    $    9,640,480




                                                                                         22
CITY OF ROCK HILL, SOUTH CAROLINA
Combined Debt
Principal of Outstanding
                         Utility System Revenue Bonds
               AMBAC               AMBAC                  FSA                 FSA                 FSA               FSA                FSA                 FSA               FSA
              Series 1998A       Series 1998C         Series 2000A        Series 2000B        Series 2000C       Series 2003A       Series 2003A       Series 2003A      Series 2003B         Series 2008
Year        Refunding of 1988 Refunding of 1994        New Money          New Money         Refunding of 1991 Refunding of 1991 Refunding of 1993      New Money          New Money        Refunding of 1998B
1-Jan       Principal Coupon    Principal Coupon     Principal Coupon   Principal Coupon Principal Coupon Principal Coupon Principal Coupon Principal Coupon Principal Coupon               Principal Coupon      Total      .


2009        390,000    4.400%   350,000     4.400%    555,000 5.000%                        2,020,000 5.000%                       955,000 5.000%     990,000 5.000%                        286,000    3.710%     5,546,000
2010                            365,000     4.500%    585,000 5.000%                         965,000 5.000%                      1,000,000 5.000% 1,040,000 5.000%                          394.000    3.710%     4,349,000
2011                            385,000     4.600%    610,000 5.125%                        1,015,000 5.000%                     1,050,000 5.000% 1,095,000 5.000%                          409.000    3.710%     4,564,000
2012                            400,000     4.625%    645,000 5.125%                        1,070,000 5.000%                     1,100,000 4.000% 1,145,000 5.000%                          424.000    3.710%     4,784,000
2013                            420,000     4.750%    675,000 5.250%                        1,125,000 5.125%                     1,150,000 5.250% 1,200,000 4.000%                          440,000    3.710%     5,010,000
2014                            440,000     4.800%    710,000 5.375%                        1,175,000 5.125%                     1,200,000 4.000% 1,255,000 5.250%                          456,000    3.710%     5,236,000
2015                            460,000     4.900%    750,000 5.400%                        1,235,000 5.250%                     1,265,000 5.375% 1,315,000 4.000%                          473,000    3.710%     5,498,000
2016                            485,000     5.000%                       835,000 4.000%                        1,340,000 5.375% 1,330,000 5.375% 1,390,000 5.375%                           490,000    3.710%     5,870,000
2017                            505,000     5.000%                       865,000 4.000%                        1,410,000 5.375% 1,400,000 5.375% 1,465,000 5.375%                           508,000    3.710%     6,153,000
2018                            535,000     5.000%                       900,000 4.000%                        1,490,000 5.375% 1,475,000 5.375% 1,545,000 5.375%                           527,000    3.710%     6,472,000
2019                            560,000     5.000%                       935,000 4.000%                                          1,555,000 5.375% 1,630,000 5.375%                          547,000    3.710%     5,227,000
2020                            585,000     5.000%                       975,000 4.000%                                          1,640,000 5.375% 1,720,000 5.375%                          567,000    3.710%     5,487,000
2021                            615,000     5.000%                      1,015,000 4.000%                                                             1,815,000 5.375%                       588,000    3.710%     4,033,000
2022                                                                    1,055,000 4.000%                                                             1,915,000 5.375%                       610,000    3.710%     3,580,000
2023                                                                    1,095,000 4.000%                                                             2,025,000 5.375%                       633,000    3.710%     3,753,000
2024                                                                    1,140,000 4.000%                                                             2,125,000 4.750%                                             3,265,000
2025                                                                    1,185,000 4.000%                                                             2,230,000 4.750%                                             3,415,000
2026                                                                                                                                                 2,345,000 5.000%                                             2,345,000
2027                                                                                                                                                 2,465,000 5.000%                                             2,465,000
2028                                                                                                                                                 2,590,000 5.000%                                             2,590,000
2029                                                                                                                                                 2,725,000 5.000%                                             2,725,000
2030                                                                                                                                                 2,185,000 5.000%    675,000 4.000%                           2,860,000
2031                                                                                                                                                                    2,985,000 4.000%                          2,985,000
2032                                                                                                                                                                    3,105,000 4.000%                          3,105,000
2033                                                                                                                                                                    3,235,000 4.000%                          3,235,000


Total      390,000              6,105,000            4,530,000          10,000,000          8,605,000          4,240,000         15,120,000          38,210,000         10,000,000         7,352,000            104,552,000


Call Date Not Callable       01/01/08 @ 101%     01/01/10 @ 101%     Anytime @ 100%        01/01/10 @ 101% 01/01/13 @100%       01/01/13 @ 100%    01/01/13 @ 100%    Anytime @ 100%       01/01/10 @ 100%


Adv. Ref.        N/A            1 Time               0 Times            0 Times              1 Time            1 Time             1 Time             0 Times            0 Times             0 Times              Weighted
Eligibility      N/A            Not Eligible         Eligible           Eligible             Not Eligible      Not Eligible       Not Eligible       Eligible           Eligible            Eligible             Avg. Int.
Wt.Avg                                                                                                                                                                                                             Rate          23
Int Rate       4.400%           4.8468%              5.1969%            4.000%               5.0693%           5.375%             5.0818%            5.0620%            4.000%              3.710%                4.7710%
Combined Utility System Bonds
Aggregate Debt Service

$10,000,000

 $9,000,000

 $8,000,000

 $7,000,000

 $6,000,000

 $5,000,000

 $4,000,000

 $3,000,000

 $2,000,000

 $1,000,000

        $0
              '08 '09 '10 '11 '12 '13 '14 '15 '16 '17 '18 '19 '20 '21 '22 '23 '24 '25 '26 '27 '28 '29 '30 '31 '32

      Series 1998A Ref of Series 1988 New Money                   Series 2000A New Money
      Series 2000C Partial Ref of Series 1991                     Series 2003A Partial Ref of Series 1991
      Series 2003A Ref of Series 1993                             Series 1998C Ref of Series 1994 New Money
      Series 2008 Ref of Serie 1998B New Money                    Series 2000B New Money
      Series 2003A New Money                                      Series 2003B New Money
                                                                                                                    24
      City of Rock Hill Debt Coverage
      Utility System Debt Coverage Ratios: 1998-2008
                             3
                                                      2.61                 2.54
                                 2.42                                                    2.37
                                                                    2.31          2.30           2.30
                                               2.08          2.09
       Debt Coverage Ratio




                             2
                                        1.70




                             1




                             0
                                 '98    '99    '01    '02    '03    '04    '05    '06    '07     '08*
Previous Covenants Require a 1.20x coverage ratio                                               *Projected   25
Source: City of Rock Hill Finance Department
III.Current Finances




                       26
Multi-Year Budgeting
                  Balanced budgets for
                   2008/2009 and
                   2009/2010
                  Summarized expense
                   projections for personnel,
                   operating, and capital
                   expenses for 2010/11,
                   2011/12 & 2012/13
                  2008/09-2012/13 Line
                   Item Projections for all
                   revenues
                                                27
  Summary of Revenues/Expenses
  2008/09-2012/13
                                 2008/09       2009/10        2010/11*       2011/12*       2012/13*
EXPENSES BY FUND
 Total General Fund Expenses   $50,108,249   $51,417,274    $54,223,965    $56,392,924    $58,648,641
 Total Utility Fund Expenses    98,903,658   103,194,414    109,077,110    112,340,078    117,073,843
 Total Stormwater Expenses       2,168,501     2,220,545      2,309,367      2,401,741      2,497,811
  Total Expenses               151,180,408   156,832,233    165,610,441    171,134,743    178,220,295

EXPENSES BY CATEGORY
 Total Personal Expenses        40,735,848    42,230,098     44,341,603     46,558,683     48,886,618
 Total Operating Expenses       42,925,398    44,072,490     47,518,330     48,597,959     50,821,257
 Total Purchased Power          56,929,872    58,637,768     60,103,712     61,606,305     63,146,463
 Total Capital Expenses         10,589,290    11,891,877     13,646,796     14,371,796     15,365,958
  Total Expenses               151,180,408   156,832,233    165,610,441    171,134,743    178,220,295

REVENUES BY FUND
 Total General Fund Revenues    42,832,068     44,917,274    46,264,792     47,652,736     49,082,318
 Total Utility Fund Revenues   106,179,839    109,694,415   114,740,166    117,099,805    120,860,211
 Total Stormwater Revenues       2,168,501      2,220,544     2,287,160      2,355,775      2,426,448
 Total Revenues                151,180,408   156,832,233    163,292,119    167,108,316    172,368,977

TOTAL DIFFERENCE IN
  REVENUES /EXPENSES                   $0             $0    $(2,318,322)   $(4,026,427)   $(5,851,317)

                                                                                          *Projected     28
Summary of Previous Gaps
Taken From Prior Long Range Financial Plans and Long
Range Budget Projections
              2000       2001/02     2002/03     2003/04      2004/05     2005/06     2006/07     2007/08     2008/09     2009/10     2010/11*   2011/12*     2012/13*


 1999      (1,658,869) (1,838,912) (2,981,955) (4,879,638) (5,901,501)           -          -            -           -           -           -           -            -
 2000        (69,856)   (965,524) (1,365,947) (2,976,400) (3,281,377) (5,602,313)           -            -           -           -           -           -            -
 2001/02                1,540,883   (765,652) (1,719,719) (2,549,757) (3,206,406) (5,210,945)            -           -           -           -           -            -
 2002/03                            (119,110)   (586,526)      (2,158)   (569,281) (1,217,753) (4,125,569)           -           -           -           -            -
 2003/04                                        (281,188)    (105,524)   (423,556)   (115,564) (3,564,889) (5,243,562)           -           -           -            -
 2004/05                                                     1,740,000   (159,907) (1,704,710) (3,357,457) (5,123,851) (7,009,864)           -           -            -
 2005/06                                                                 4,154,365    (30,401) (1,566,319) (3,209,714) (4,966,268) (6,841,928)           -            -
 2006/07                                                                             3,865,569 (1,216,915) (3,793,428) (5,518,837) (7,360,472) (8,489,645)            -
 2007/08                                                                                          390,361 (1,536,407) (3,132,505) (4,838,486) (6,660,127) (8,603,476)
 2008/09                                                                                                            0           0 (2,318,322) (4,026,427) (5,851,317)


                                                                                                                                                             *Projected




                                                                                                                                                                          29
      City of Rock Hill Cash Balances
      March 1 Funds Held by State Investment Pool
                                 Thousands
                                     $25,000
                                                                                                                                 $22,034
                                                                                                                       $20,284
                                     $20,000
        Total March 1 Cash Balance




                                                                                                             $15,952
                                     $15,000
                                                                                                   $11,590
                                     $10,000
                                                                          $7,013 $7,119
                                                                                          $5,955
                                               $4,923
                                      $5,000            $3,399
                                                                 $2,526

                                         $0
                                                '99      '00      '01      '02    '03      '04      '05       '06       '07       '08

                                                                                                                                           30
Source: City of Rock Hill Finance Department
General Government Finances




                              31
General Fund Revenues/Expenditures
Historical Review
                                                $60
Total Revenues and Expenditures (in millions)




                                                $55
                                                $50
                                                $45
                                                $40
                                                $35
                                                $30
                                                $25
                                                $20
                                                $15
                                                $10
                                                      90   91   92    93   94   95   96    97   98   99 '01 '02 '03 '04 '05 '06 '07 '08*

                                                                     Expenditures         Revenues      Revenues Plus Transfers
                                                                                                                                                32
                                                                                                                                  * Projected
Rock Hill’s Tax Rates
From Fiscal Year 2000/2001 - 2008/2009
                                120
                                        106
                                                                                102      102
Annual Tax Rate (in millions)




                                100                  98        98       98                         95        95       95

                                80


                                60


                                40


                                20


                                 0
                                       '00/01     '01/02 *   '02/03   '03/04   '04/05   '05/06   '06/07*   '07/08   '08/09

                                  •Year of Reassessment                                                                      33
Rock Hill’s Total Tax Rates
1995-2007
                   400



                   300
Tax Millage Rate




                                                              243                     265     271    262     275
                                     225   229   233   239          234   244   255
                         209   217
                   200



                   100
                         100   100   100   104   104   104    106   98    98    98    102     102     95      95

                    0
                         1995 1996 1997 1998 1999 2000 2001 2002* 2003 2004 2005 2006 2007* 2008

                                             Rock Hill       County & Schools
                   Includes City, County and School Tax Millage Rates
                                                                                            * Year of Reassessment   34
Comparison of City Tax Rates
Rock Hill City Tax Rates Compared to S.C. Cities, PMPA
Cities, Regional Cities, & York County Cities
                       150                                                                                                                                                               1. Lancaster *
                             140

                                   138

                                         135



                                                                                                                                                                                         2. Monroe
                                                                                                                                                                                         3. Gastonia
                                               127

                                                     124

                                                                                                                                                                                         4. Anderson
                                                                                                                                                                                         5. Laurens*
                                                           116

                                                                 115

                                                                       115

                                                                             112
                                                                                                                                                                                         6. Gaffney


                                                                                   110
                                                                                                                                                                                         7. York




                                                                                               105
                                                                                         105



                                                                                                     103
                                                                                                                                                                                         8. Charlotte




                                                                                                           99

                                                                                                                99
                       100                                                                                                                                                               9. Concord




                                                                                                                     95
Current Millage Rate




                                                                                                                          93

                                                                                                                               93
                                                                                                                                    90
                                                                                                                                                                                         10. Clover




                                                                                                                                         90
                                                                                                                                              88
                                                                                                                                                                                         11. Sumter*




                                                                                                                                                   83

                                                                                                                                                        81
                                                                                                                                                                                         12. Spartanburg




                                                                                                                                                             76

                                                                                                                                                                  74
                                                                                                                                                                                         13. Columbia*
                                                                                                                                                                                         14. Abbeville*




                                                                                                                                                                       61
                                                                                                                                                                                         15. Clinton*




                                                                                                                                                                            55
                                                                                                                                                                                         16. Rock Hill (16)
                                                                                                                                                                                         17. Greer
                        50                                                                                                                                                               18. N. Charleston*




                                                                                                                                                                                  39
                                                                                                                                                                                         19. Greenville
                                                                                                                                                                                         20. Newberry
                                                                                                                                                                                         21. Westminster
                                                                                                                                                                                         22. Tega Cay
                                                                                                                                                                                         23. Fort Mill
                                                                                                                                                                                         24. Charleston*
                                                                                                                                                                                         25. Union
                         0                                                                                                                                                               26. Easley*
                                                                                                                                                                                         27. Florence*
                             1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28                                                                                  28. Mt. Pleasant*

                                                                                                                                                                                                              35
                                                                                                                                                                                 * Local Option Sales Tax
Taxpayer Concentration
2001-2007
        Total Assessed   Total of Top 10    Top 10 Total
 Year        Value         Taxpayers       Assessed Value
 2007    206,396,667       18,607,287          9.02%

 2006    175,979,600       16,810,076          9.55%

 2005    169,004,408       16,591,322          9.82%

 2004    162,203,455       16,823,873         10.37%

 2003    157,339,139       15,241,531          9.69%

 2002    153,230,931       14,023,952          9.15%

 2001    126,553,454       11,176,259          8.83%




                                                            36
General Fund Equity
General Fund Equity and Unreserved Fund Equity
Thousands
 $14,000
                                                                                             $12,761

 $12,000
                                                                                $10,678

 $10,000

                                                                $7,711
  $8,000
                                                   $6,384
  $6,000                           $5,367


  $4,000               $3,200
            $2,717                                                                  $2,970
                                                                    $2,474                       $2,403
  $2,000
                                        $543           $743
                $343       $343
      $0
             00/01     '01/02       '02/03          '03/04       '04/05          '05/06       '06/07

                                                                                                          37
                       General Fund Equity     Unreserved General Fund Equity
General Fund Equity
General Fund Cash and Investments
Thousands
  $7,000
                                                              $6,090    $6,038    $5,957
  $6,000


  $5,000
                      $4,341        $4,298

  $4,000


  $3,000
            $2,396                               $2,486


  $2,000


  $1,000


      $0
            00/01    '01/02        '02/03       '03/04      '04/05     '05/06    '06/07


                               General Fund Cash and Investments                           38
Combined Utility System Finances




                                   39
                           Trend in Electric Customers
                           1998-2008
                           35,000

                                                                                                                                       29,088    29,584
                           30,000                                                                                            27,911
                                                                                                       26,252      26,906
                                                                                 25,152    25,487
                           25,000                                     23,910
Total Electric Customers




                                              22,398     22,684
                                    21,611
                           20,000

                           15,000

                           10,000

                            5,000                                                                                                                    3,333
                                        2,952          3,065     3,132     3,208      3,265         3,088     3,146     3,221    3,245      3,321

                               0
                                       1998      1999          2000      2001*      2002      2003          2004      2005      2006      2007      2008

                                                                       Residential         Commercial/Industrial
*Fiscal Year changed to end June 30.
Source: City of Rock Hill, Finance Department                                                                                                              40
As of June 30, 2007, 89.55% of the electric system customers were located inside the City limits.
    Trend in Water Customers
    1998-2008
                             35,000


                             30,000                                                                                           28,075   28,688
                                                                                                                     26,927
                                                                                                            25,903
                                                                                                   24,921
                             25,000                                          23,540       24,040
                                                        22,514   22,521
                                               21,434
                                      20,663
     Total Water Customers




                             20,000


                             15,000


                             10,000


                              5,000


                                 0
                                      1998     1999     2000     2001**       2002         2003    2004     2005     2006     2007     2008

                                                                                 Water Customers
**Fiscal Year changed to end June 30, 2001.
Source: City of Rock Hill, Finance Department.                                                                                                  41
As of June 30, 2007, 81.05% of the water system customers were located within the City limits.
Trend in Wastewater Customers
1998-2008
35,000

                                                                                                 28,828   29,541
30,000                                                                                  27,735
                                                                               26,427
                                                                      25,120
25,000                                                24,093 24,448
                                  23,055     23,258
           21,011      21,928
20,000

15,000

10,000

 5,000

     0
            1998       1999        2000      2001*     2002   2003    2004     2005     2006     2007     2008

                                                      Wastewater Customers
*Fiscal Year changed to end June 30, 2001.                                                                         42
Comparison of Electric/Water/Wastewater Rates
Rock Hill Residential Rates Compared to S.C. Cities, PMPA
Cities, Regional Cities, & York County Cities     $236



                                                                                                                                                                                                                                                      1.N. Charlstn
                                                                                                                                                                                                                                                      2. Greenville
                                           $240                                                                                                                                                                                                       3. Charleston
                                                         $212




                                                                                                                                                                                                                                                      4. Laurens
Combined Electric, Water and Sewer Rates




                                                                                                                                                                                                                                                      5. Gastonia
                                                                $189




                                                                                                                                                                                                                                                      6. Clinton
                                                                       $184




                                           $200
                                                                              $175




                                                                                                                                                                                                                                                      7. W'minster
                                                                                     $171

                                                                                            $169



                                                                                                          $168
                                                                                                   $168



                                                                                                                 $164
                                                                                                                                                                                                                                                      8. Clover



                                                                                                                        $163

                                                                                                                               $160

                                                                                                                                      $160

                                                                                                                                             $157
                                                                                                                                                                                                                                                      9. Mt. Pleasant




                                                                                                                                                    $154

                                                                                                                                                           $153



                                                                                                                                                                         $152
                                                                                                                                                                  $153



                                                                                                                                                                                $148
                                                                                                                                                                                       $147



                                                                                                                                                                                                     $144
                                                                                                                                                                                              $146
                                           $160                                                                                                                                                                                                       10. Tega Cay




                                                                                                                                                                                                            $144

                                                                                                                                                                                                                   $144

                                                                                                                                                                                                                          $143

                                                                                                                                                                                                                                 $140

                                                                                                                                                                                                                                        $139
                                                                                                                                                                                                                                                      11. Abbeville




                                                                                                                                                                                                                                               $129
                                                                                                                                                                                                                                                      12. Concord
                                                                                                                                                                                                                                                      13. Easley
                                           $120                                                                                                                                                                                                       14. Lancaster
                                                                                                                                                                                                                                                      15. Columbia
                                                                                                                                                                                                                                                      16. Florence
                                                                                                                                                                                                                                                      17. Union
                                            $80                                                                                                                                                                                                       18. Rock Hill (20)
                                                                                                                                                                                                                                                      19. Anderson
                                                                                                                                                                                                                                                      20. Greer
                                                                                                                                                                                                                                                      21. Newberry
                                            $40                                                                                                                                                                                                       22. Monroe
                                                                                                                                                                                                                                                      23. Fort Mill
                                                                                                                                                                                                                                                      24. York
                                             $0                                                                                                                                                                                                       25. Spartburg
                                                                                                                                                                                                                                                      26. Sumter
                                                  1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28                                                                                                                          27. Charlotte
                                                                                                                                                                                                                                                      28. Gaffney

                                                                                                                                                                                                                                                                     43
    Comparison of Electric/Water/Wastewater Rates
    Rock Hill Commercial Rates Compared to S.C. Cities, PMPA
    Cities, Regional Cities, & York County Cities
                                             $4,779


                                    $5,000
                                                                                                                                                                                                                                                                                                         1. N. Charlstn
                                                      $4,329



                                                                                                                                                                                                                                                                                                         2.W'minster
                                                                                                                                                                                                                                                                                                         3. Charleston
                                                               $4,012

                                                                        $3,869
Electric Rate(90kW and 27,000 kWh




                                                                                 $3,854                                                                                                                                                                                                                  4. Concord
                                    $4,000                                                $3,608                                                                                                                                                                                                         5. Greenville

                                                                                                   $3,521
                                                                                                                                                                                                                                                                                                         6. Columbia
     commercial/industrial rate)




                                                                                                            $3,376




                                                                                                                              $3,221
                                                                                                                     $3,244
                                                                                                                                                                                                                                                                                                         7. Mt. Pleasant




                                                                                                                                       $3,150

                                                                                                                                                $3,118

                                                                                                                                                         $3,107

                                                                                                                                                                  $3,091

                                                                                                                                                                           $3,041

                                                                                                                                                                                    $3,024

                                                                                                                                                                                             $2,985
                                                                                                                                                                                                                                                                                                         8. Gastonia




                                                                                                                                                                                                      $2,975

                                                                                                                                                                                                               $2,900

                                                                                                                                                                                                                        $2,856

                                                                                                                                                                                                                                 $2,838

                                                                                                                                                                                                                                          $2,809
                                                                                                                                                                                                                                                                                                         9. Union




                                                                                                                                                                                                                                                   $2,752

                                                                                                                                                                                                                                                            $2,747

                                                                                                                                                                                                                                                                     $2,707

                                                                                                                                                                                                                                                                              $2,659
                                    $3,000




                                                                                                                                                                                                                                                                                       $2,641
                                                                                                                                                                                                                                                                                                         10. Laurens




                                                                                                                                                                                                                                                                                                $2,584
                                                                                                                                                                                                                                                                                                         11. Easley
                                                                                                                                                                                                                                                                                                         12. Clinton
                                                                                                                                                                                                                                                                                                         13. Clover
                                                                                                                                                                                                                                                                                                         14. Abbeville
                                    $2,000                                                                                                                                                                                                                                                               15. Newberry
                                                                                                                                                                                                                                                                                                         16. Gaffney
                                                                                                                                                                                                                                                                                                         17. Charlotte
                                                                                                                                                                                                                                                                                                         18. Rock Hill (17)
                                                                                                                                                                                                                                                                                                         19. Fort Mill
                                    $1,000                                                                                                                                                                                                                                                               20. Lancaster
                                                                                                                                                                                                                                                                                                         21. Spartburg
                                                                                                                                                                                                                                                                                                         22. Greer
                                                                                                                                                                                                                                                                                                         23. Florence
                                                                                                                                                                                                                                                                                                         24. York
                                       $0                                                                                                                                                                                                                                                                25. Anderson
                                             1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28                                                                                                                                                                                  26. Sumter
                                                                                                                                                                                                                                                                                                         27. Monroe
                                                                                                                                                                                                                                                                                                         28. Tega Cay

                                                                                                                                                                                                                                                                                                                         44
Comparison of Electric/Water/Wastewater Rates
Rock Hill Industrial Rates Compared to S.C. Cities, PMPA
Cities, Regional Cities, & York County Cities
                                             $6,193

                                                      $5,449
                                                                                                                                                                                                                                                                                                         1. N. Charlstn
                                                               $4,956

                                                                        $4,870
                                                                                                                                                                                                                                                                                                         2. Greenville


                                                                                 $4,619
                                    $5,000                                                                                                                                                                                                                                                               3. W'minster
                                                                                                                                                                                                                                                                                                         4. Charleston

                                                                                          $4,279
Electric Rate(90kW and 27,000 kWh




                                                                                                   $4,187
                                                                                                                                                                                                                                                                                                         5. Concord



                                                                                                            $4,095

                                                                                                                     $4,020

                                                                                                                              $3,991
                                                                                                                                                                                                                                                                                                         6. Mt. Pleasant




                                                                                                                                       $3,914

                                                                                                                                                $3,873

                                                                                                                                                         $3,791
                                                                                                                                                                                                                                                                                                         7. Columbia




                                                                                                                                                                  $3,735
     commercial/industrial rate)




                                                                                                                                                                           $3,705

                                                                                                                                                                                    $3,666

                                                                                                                                                                                             $3,624
                                    $4,000




                                                                                                                                                                                                      $3,612

                                                                                                                                                                                                               $3,572
                                                                                                                                                                                                                                                                                                         8. Gastonia




                                                                                                                                                                                                                        $3,529

                                                                                                                                                                                                                                 $3,488

                                                                                                                                                                                                                                          $3,418

                                                                                                                                                                                                                                                   $3,406

                                                                                                                                                                                                                                                            $3,370
                                                                                                                                                                                                                                                                                                         9. Clover




                                                                                                                                                                                                                                                                     $3,228

                                                                                                                                                                                                                                                                              $3,226

                                                                                                                                                                                                                                                                                       $3,104
                                                                                                                                                                                                                                                                                                         10. Laurens




                                                                                                                                                                                                                                                                                                $2,960
                                                                                                                                                                                                                                                                                                         11. Clinton
                                    $3,000                                                                                                                                                                                                                                                               12. Greer
                                                                                                                                                                                                                                                                                                         13. Charlotte
                                                                                                                                                                                                                                                                                                         14. Easley
                                                                                                                                                                                                                                                                                                         15. Union
                                                                                                                                                                                                                                                                                                         16. Fort Mill
                                    $2,000                                                                                                                                                                                                                                                               17. Abbeville
                                                                                                                                                                                                                                                                                                         18. Lancaster
                                                                                                                                                                                                                                                                                                         19. Spartburg
                                                                                                                                                                                                                                                                                                         20. Newberry
                                    $1,000                                                                                                                                                                                                                                                               21. Rock Hill (14)
                                                                                                                                                                                                                                                                                                         22. Gaffney
                                                                                                                                                                                                                                                                                                         23. York
                                                                                                                                                                                                                                                                                                         24. Anderson
                                                                                                                                                                                                                                                                                                         25. Monroe
                                       $0                                                                                                                                                                                                                                                                26. Florence
                                             1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28                                                                                                                                                                                  27. Tega Cay
                                                                                                                                                                                                                                                                                                         28. Sumter

                                                                                                                                                                                                                                                                                                                         45
               Electric System
               Summary of Revenues & Expenses
                                             $80

                                             $70
Electric Revenues & Expenses (in millions)




                                             $60

                                             $50

                                             $40

                                             $30

                                             $20

                                             $10

                                             $0
                                                      95          96          97     98   99   '00/01   '01/02   '02/03   '03/04   '04/05   '05/06   '06/07   '07/08

                                                                                                 Revenues        Expenses
                                              •Projected                                                                                                               46
                                              •All numbers are prior to transfers.
Water System
Summary of Revenues & Expenses
                                          $14
Water Revenues & Expenses (in millions)




                                          $12


                                          $10


                                           $8


                                           $6


                                           $4


                                           $2


                                           $0
                                                     95         96          97   98   99   '00/01   '01/02   '02/03   '03/04   '04/05   '05/06   '06/07 '07/08*

                                                                                           Revenues          Expenses
                                          *Projected
                                          All numbers are prior to transfers.                                                                                     47
Wastewater System
Summary of Revenues & Expenses
                                               $16
Wastewater Revenues & Expenses (in millions)




                                               $14

                                               $12

                                               $10

                                                $8

                                                $6

                                                $4

                                                $2

                                                $0
                                                          95          96         97      98   99   '00/01   '01/02   '02/03   '03/04   '04/05   '05/06   '06/07   '07/08

                                                                                                    Revenues         Expenses

                                               All projections are prior to transfers.                                                                                     48
Utility System
Summary of Revenues & Expenses
                                                   $120
Utility System Revenues & Expenses (in millions)




                                                   $100


                                                   $80


                                                   $60


                                                   $40


                                                   $20


                                                    $0
                                                          96   97   98   99   '00/01    '01/02    '02/03   '03/04   '04/05   '05/06   '06/07   '07/08

                                                                                       Revenues      Expenses

                                                                                                                                                        49
Enterprise Fund Transfers
To the General Fund
                                                               59%
                                                        60%
Percent of General Fund Expenses Covered by Utilities




                                                                     42% 42%
                                                                               38% 38%
                                                        40%
                                                                                         32% 31%
                                                                                                   28%
                                                                                                         23%
                                                                                                               18%
                                                        20%
                                                                                                                     12%                                     13% 13%
                                                                                                                                     10% 11% 11%                             11% 12%
                                                                                                                             8%



                                                        0%
                                                                                                                           1

                                                                                                                                   2

                                                                                                                                           3

                                                                                                                                                   4

                                                                                                                                                           5

                                                                                                                                                                   6

                                                                                                                                                                           7

                                                                                                                                                                                   8
                                                              89

                                                                   90

                                                                        91

                                                                             92

                                                                                  93

                                                                                       94

                                                                                            95

                                                                                                 96

                                                                                                      97

                                                                                                           98

                                                                                                                  99

                                                                                                                        /0

                                                                                                                                /0

                                                                                                                                        /0

                                                                                                                                                /0

                                                                                                                                                        /0

                                                                                                                                                                /0

                                                                                                                                                                        /0

                                                                                                                                                                                /0
                                                                                                                       '00

                                                                                                                               '01

                                                                                                                                       '02

                                                                                                                                               '03

                                                                                                                                                       '04

                                                                                                                                                               '05

                                                                                                                                                                       '06

                                                                                                                                                                               '07
                                                                                                               Revenues
                                                                                                                                                                                       50
IV. Management of the Government




                                   51
                        Rock Hill City Council
                                                                                        Number of
Name                                              Occupation                          Years on Council

*A. Douglas Echols, Jr.,                          Retired                                   18
     Mayor
Kathy S. Pender                                   Civic Leader                               4
John P. Gettys, Jr.                               Attorney                                   5
Susie B. Hinton                                   Community Activist                         1
James C. Reno, Jr.                                Banker                                    10
Osbey Roddey                                      Retired-Education                         18
Kevin H. Sutton                                   Marketing & Sales                         14
     Mayor Pro Tempore

*Years of service include 8 years of previous service
**Mayor Echols currently serves on the National League of Cities Board of Directors
                                                                                                         52
                 Management Team
Carey F. Smith, City Manager
   City Manager since April 2002
   Previously served as City Manager of Daytona Beach, FL
   Former City Manager of Myrtle Beach, S.C., Hilton Head Island, S.C., and Tarpon
    Springs, FL
   Masters in Public Administration, University of Georgia
   Bachelors in Political Science, The Citadel
   Past President of the South Carolina City and County Management Association
   Past Board Member of the Florida City and County Management Association
   Currently Serving on ICMA’s Strategic Planning Committee and the PMPA Board

Gerald E. Schapiro, Assistant City Manager
   Assistant City Manager since 1999
   Previously served as Finance Director from 1977-1999
   Employed with the City since 1970
   Masters in Business Administration, Columbia University Graduate Business
    School
   Bachelors in Economics, University of Pittsburgh
   Past President of the Municipal Finance Officers, Clerks and Treasurers
    Association of S.C.

                                                                                      53
               Management Team
David B. Vehaun, Management Services Administrator
   Has served as Finance Director since 1999
   Formerly served as Budget Officer from 1989-1999
   Previously worked with the City of Charlotte
   Masters in Public Administration, University of North Carolina at Chapel Hill
   Bachelor’s in Government & Public Service, Winthrop University
   Certificate of Completion from the Advanced Government Finance Institute,
    University of Wisconsin School of Business
   Past President of the Government Finance Officers Association of South Carolina
   Past President of the Municipal Finance Officers, Clerks and Treasurers
    Association of S.C.
   Formerly served on GFOA National Budget Committee (3 years as Chair) and
    National Nominating Committee
   Currently serves on GFOA National Executive Board

Steven Gibson
   Administrative Services Director
   Employed with the City since 1990
   Bachelor of Science with emphasis in Business Admin. From Winthrop University
   Certificate of Completion from the Advanced Government Finance Institute,
    University of Wisconsin School of Business
   Serves as Examiner for South Carolina Governor’s Quality Award
   Serves as Primary Coordinator for ICMA Center for Performance Measurement
                                                                                      54
              Management Team
Andrew C. Cooper
   Controller
   Has held position since 1988
   Bachelors degree in Accounting, University of North Carolina at Chapel Hill
   Certified Public Accountant since 1984
   Four years public accounting experience with emphasis in governmental
    accounting
   Twenty-one years electrical utilities accounting experience

Anne P. Bunton
   Customer Service Director
   Employed with the City since 2005
   Formerly Served as York County Treasurer and Finance Director from 1991-2005
   Bachelors of Science with emphasis in Business Admin. from Winthrop University
   Certified Public Accountant since 1990
   Serves on the S.C. Association of Certified Public Accountants Board




                                                                                     55
                Management Team
Nick Stegall
   Public Services Administrator-Previously served as Utilities Director
   Employed with the City since 1991
   Associate of Applied Science, York Technical College
   Bachelor of Science in Electrical Engineering, Clemson University
   Registered Professional Engineer
   Previously employed by South Carolina Electric & Gas Company
   Previously served as Utilities Director and City Manager for the City of Camden,
    S.C.
   Serves on the PMPA Board and as Vice President of the Water Quality
    Association
   Appointed to the Catawba/Wateree River Basin Advisory Board

James G. “Jimmy” Bagley, Jr., P.E.
   Former Utilities Director – now serving as Chief Information Officer
   Employed with the City since 1989
   Bachelor of Science in Electrical Engineering, Clemson University
   Masters of Business Administration, Winthrop University
   Past President of the S.C. Society of Professional Engineers, Catawba Chapter
   Past President of the S.C. Association of Municipal Power Systems Board
   Member of the American Public Power Association Transmission and
    Distribution Committee
   Registered Professional Engineer and Licensed Electrical Contractor for S.C.       56
Conclusion




             57
Credit Strengths and
      Summary
           Diversified economic base
           Close Proximity to
            Charlotte
           Long Range Financial
            Planning and Multi-Year
            Budgeting




                                        58
Credit Strengths and
      Summary
           The City’s Strategic Planning
            Process
           This process aids in assessing
            the City’s financial ability,
            assists the City Council in
            evaluating the impact of local
            decision-making on the City,
            and plays a crucial role in the
            annual budget process.

                                              59
Credit Strengths and
      Summary
           City Services are
            competitively priced
           The City continues to
            provide high quality
            services
           Sports Tourism is a
            growing sector in our
            economy



                                    60
Presentation available online at
  www.cityofrockhill.com then
click on Departments &Finance

or request through an email at
 dvehaun@cityofrockhill.com



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