North Carolina
Department of State Treasurer
Financial Information
Town of Atlantic Beach

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

Institute of Government North Carolina Cities Web Site

Go to North Carolina County and Municipal Financial Information Home Page
Go to Carteret County Map Page

Note: All data unless otherwise specified is for the 12 month period ending June, 30th of the designated year

Municipality Revenues and Expenditures Financial Profile Go to top of page			2011	2010	2009	2008	2007	2006
	Revenues by Source
		Property Tax	$2,871,282	2,911,432	2,845,137	3,390,177	2,371,155	2,039,078
		Utility	1,077,242	1,021,386	958,818	1,071,384	1,094,242	1,119,962
		Sales Tax	829,358	841,881	1,044,378	993,403	905,207	848,824
		Sales & Services	838,554	808,277	800,174	745,014	738,303	663,097
		Intergovernmental	488,661	336,815	464,975	343,158	950,037	1,101,338
		Debt Proceeds	56,648	27,476	-	-	54,197	41,748
		Other Miscellaneous	560,417	547,581	689,020	483,705	1,292,108	6,453,278
		Total	$6,722,162	6,494,848	6,802,502	7,026,841	7,405,249	12,267,325

	Expenditures by Function
		Utility	$856,363	682,521	660,169	942,777	696,890	460,298
		Debt Service	485,145	506,493	544,787	590,678	632,544	481,028
		Transportation	757,111	431,225	430,558	420,091	2,072,804	986,741
		General Government	1,112,958	1,157,645	1,235,362	1,120,346	1,120,261	5,228,298
		Public Safety	2,852,588	2,782,434	2,658,210	3,121,487	2,868,494	2,625,591
		Other	630,673	554,942	506,903	567,086	837,754	496,823
		Total	$6,694,838	6,115,260	6,035,989	6,762,465	8,228,747	10,278,779

	Expenditures by Object
		Salaries & Wages	$3,560,975	3,529,539	3,466,285	3,261,833	2,463,294	2,072,990
		Capital Outlay	218,699	65,234	41,719	655,969	1,284,636	4,111,660
		Other Operating + Debt Service	2,915,164	2,520,487	2,527,985	2,844,663	4,480,817	4,094,129
		Total	$6,694,838	6,115,260	6,035,989	6,762,465	8,228,747	10,278,779


	Per Capita Revenues by Source
		Property Tax	$1,913	1,600	1,581	1,884	1,309	1,132
		Utility	718	561	533	596	604	622
		Sales Tax	551	463	579	552	500	471
		Sales & Services	559	444	445	414	407	368
		Intergovernmental	326	185	258	191	524	612
		Debt Proceeds	38	15	-	-	30	23
		Other Miscellaneous	373	301	383	269	713	3,583
		Total	$4,478	3,569	3,779	3,906	4,087	6,811

	Per Capita Expenditures by Function
		Utility	$571	375	367	524	385	256
		Debt Service	323	278	303	328	349	267
		Transportation	504	237	239	234	1,144	548
		General Government	742	636	685	623	618	2,902
		Public Safety	1,900	1,529	1,477	1,735	1,583	1,458
		Other	420	305	282	315	462	276
		Total	$4,460	3,360	3,353	3,759	4,541	5,707

	Per Capita Expenditures by Object
		Salaries & Wages	$2,372	1,939	1,926	1,813	1,359	1,151
		Capital Outlay	146	36	23	365	709	2,283
		Other Operating	1,942	1,385	1,404	1,581	2,473	2,273
		Total	$4,460	3,360	3,353	3,759	4,541	5,707

	Population Group		No Electric 1,000 to 2,499	No Electric 1,000 to 2,499	No Electric 1,000 to 2,499	No Electric 1,000 to 2,499	No Electric 1,000 to 2,499	No Electric 1,000 to 2,499
		Number of Municipalites in Group	102	96	100	101	101	103
		Average Population In Group	1,623	1,660	1,652	1,661	1,642	1,638
		Town of Atlantic Beach Population	1,501	1,820	1,800	1,799	1,812	1,801
	Group Average Per Capita Revenues by Source
		Property Tax	433	414	422	406	369	348
		Utility	472	435	436	423	430	399
		Sales Tax	154	153	178	201	195	180
		Sales & Services	103	82	76	80	77	71
		Intergovernmental	274	233	228	217	220	243
		Debt Proceeds	36	39	33	46	38	46
		Other Miscellaneous	100	129	162	261	203	273
		Total	1,572	1,485	1,535	1,634	1,532	1,560

	Group Average Per Capita Expenditures by Function
		Utility	465	499	531	572	461	487
		Debt Service	139	130	154	126	110	108
		Transportation	148	142	148	140	142	131
		General Government	239	204	216	265	201	222
		Public Safety	391	348	350	384	346	326
		Other	197	177	201	203	206	205
		Total	1,579	1,500	1,600	1,690	1,466	1,479

	Group Average Per Capita Expenditures by Object
		Salaries & Wages	527	465	480	450	427	402
		Capital Outlay	244	258	302	483	305	373
		Other Operating	808	777	818	757	733	704
		Total	1,579	1,500	1,600	1,690	1,465	1,479


General Fund Go to top of page			2011	2010	2009	2008	2007	2006
	General Fund revenues		$5,496,946	5,300,077	5,688,951	6,015,583	6,233,398	5,166,657
	General Fund expenditures		5,838,475	5,432,739	5,349,686	5,734,428	7,413,129	9,701,225
	Operating transfers in		376,413	355,737	384,995	1,621,573	856,789	168,000
	Operating transfers out		-	-	-	-	-	1,562,426
	Capital leases and installment purchase proceeds		-	-	-	-	-	4,018,650
	Other items		10,896	21,726	6,748	406,387	-	1,820,000
	Excess of revenues and other sources over (under) expenditures and other uses		45,780	244,801	731,008	2,309,115	(322,942)	(90,344)

	Fund balance available (FBA):
		In dollars	$0	5,133,654	4,892,254	4,159,169	1,761,205	1,801,342
		FBA as a % of GF Net Expenditures:
		Unit's FBA %	0.00	94.49	91.45	72.53	23.76	24.86
		Group weighted average FBA %	73.24	66.79	66.05	62.44	65.48	64.58
		State weighted average Non-Electric Group	26.68	38.71	37.89	36.66	37.39	37.38
		State weighted average FBA %	29.01	37.47	37.03	36.35	36.54	36.96


Enterprise Funds: Go to top of page
	Utility System Operations, Water/Sewer

	Combined financial results:
		Working capital	$2,355,099	2,367,924	2,165,073	2,030,076	2,317,331	2,356,223
		Quick ratio	40.63	47.14	36.98	23.64	14.13	17.74
		Net income	(85,735)	4,140	(72,680)	(329,388)	(137,810)	241,987
		Cashflow from operations	497,288	484,826	462,783	107,278	363,443	544,944
		Depreciation & Amortization Expense	225,071	223,592	230,658	220,648	206,878	220,545



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

		Population at July 1st of the Previous Year	1,501	1,820	1,800	1,799	1,812	1,801
		Population Group	No Electric 1,000 to 2,499	No Electric 1,000 to 2,499	No Electric 1,000 to 2,499	No Electric 1,000 to 2,499	No Electric 1,000 to 2,499	No Electric 1,000 to 2,499
		Cash &Investments	$7,822,883	$7,940,686	$7,416,219	$5,736,901	$6,010,140	$6,262,880
		Investment Earnings	25,700	48,533	117,921	184,911	220,984	166,560
		Tax Rate Equivalent	0.0011	0.0021	0.0052	0.0082	0.0242	0.0190
		Tax Rate Equivalent Group weighted average	0.0031	0.0045	0.0131	0.0261	0.0409	0.0283
		Tax Rate Equivalent Statewide weighted average	0.0156	0.0247	0.0133	0.0524	0.0920	0.0573
		Latest year of Revaluation	2007	2007	2007	2007	2001	2001
		January 1, Prior Year Assessed Valuation	$2,290,420,194	2,289,273,153	2,279,404,438	2,248,602,162	912,648,118	876,432,470
		Tax Rate	0.1250	0.1250	0.1250	0.1500	0.2600	0.2300
		Tax Rate Group weighted average	0.2777	0.2970	0.2983	0.2860	0.3424	0.3297
		Tax Rate State Wide	0.4122	0.4090	0.4262	0.4238	0.4450	0.4321
		Assessment -to-Sales Ratio	98.03	112.65	98.40	100.00	60.44	77.79
		Assessment -to-Sales Ratio Group weighted average	100.82	97.69	86.77	88.94	79.96	85.71
		Assessment -to-Sales Ratio Statewide	101.47	98.27	90.81	88.53	88.41	92.28
		Assessed Valuation Adjusted for Assesment to Sales Ratio	$2,336,448,224	2,032,199,870	2,316,467,925	2,248,602,162	1,510,006,813	1,126,664,700
		EffectiveTax Rate	0.1225	0.1408	0.1230	0.1500	0.1571	0.1789
		Group weighted average Effective Tax Rate	0.2800	0.2901	0.2589	0.2544	0.2737	0.2826
		Statewide weighted average Effective Tax Rate	0.4183	0.4020	0.3870	0.3752	0.3934	0.3987
		Percent Collected	99.5600	99.7700	98.5500	100.4200	99.5400	100.4000
		Percent Collected Group weighted average	96.53	95.37	95.99	96.86	97.18	96.94
		Percent Collected Statewide	97.59	97.36	97.34	97.56	97.58	97.55
		Percent Collected Excluding Motor Vehicles	99.66	99.87	98.64	100.28	99.96	100.01
		Percent Collected Excluding Motor Vehicles Group weighted average	97.18	95.99	96.67	97.78	98.01	97.76
		Percent Collected Excluding Motor Vehicles Statewide weighted average	98.35	98.23	98.30	98.65	98.59	98.61
		Percent Collected Motor Vehicles Only	87.94	87.73	88.75	112.47	82.49	115.31
		Percent Collected Motor Vehicles Only Group weighted average	84.33	85.45	84.60	85.16	86.07	85.54
		Percent Collected Motor Vehicles Only Statewide weighted average	87.28	86.34	86.55	86.74	86.71	86.80
		Tax Uncollected	34,615	27,688	64,740	28,768	58,734	51,291
		Tax Rate Equivalent	0.0015	0.0012	0.0028	0.0013	0.0064	0.0059
		Dominant County: Carteret
	Debt Information
		Population Group	1,000 to 2,499	1,000 to 2,499	1,000 to 2,499	1,000 to 2,499	1,000 to 2,499	1,000 to 2,499
		Ratings:
		Fitch
		Moody's
		S & P

		General Obligation Debt (GO) where the taxing power of the entrire municipality is pledged to pay the obligation
		Enterprise GO Debt	$0	0	0	25,000	116,643	219,343
		General Government GO Debt	0	0	0	0	0	0
		Total General Obligation Debt	0	0	0	25,000	116,643	219,343
		Per Capita	$0	0	0	14	64	122
		Total Per Capita for the Population Group	236	256	265	277	294	297
		Total Per Capita Statewide	450	449	455	456	478	495
		Total per Assessed Valuation Adjusted for Current Year Sales	0.0000%	0.0000%	0.0000%	0.0011%	0.0077%	0.0195%
		Total per Assessed Valuation Adjusted for Current Year Sales- Group Average	0.1642%	0.1838%	0.1750%	0.1852%	0.2336%	0.2606%
		Total per Assessed Valuation Adjusted for Current Year Sales - Statewide	0.4280%	0.4134%	0.3909%	0.4132%	0.4706%	0.5275%
		Total Authorized but not Issued General Obligation Debt

		Installment Sales Purchases and Lease Obligations
		--Enterprise	$0	0	0	0	0	0
		--General Government	2,666,667	5,866,667	6,133,333	6,400,000	6,666,667	6,933,333
		Total*	$2,666,667	5,866,667	6,133,333	6,400,000	6,666,667	6,933,333
		* The total only includes the contracts that require Local Government Commission approval.
		Revenue Bond Debt	$0	0	0	0	0	0


Annual Financial Information Report Detail Go to top of page
Line	Section	Description	2011	2010	2009	2008	2007	2006
	Population at July 1st of the Previous Year Adjusted for Boundry Changes		1,501	1,820	1,800	1,799	1,812	1,801

1.5A	FISCAL	Governmental Activities Assets	12,303,228	12,244,222	12,142,019	11,804,286	10,534,677	9,967,993
1.5B	SUMMARY	Governmental Activities Liabilities	3,644,157	4,024,154	4,215,155	4,654,551	4,632,217	4,744,409
3.5A		Business Type Activities Assets	5,473,990	5,549,499	5,550,994	5,652,332	6,090,320	6,266,382
3.5B		Business Type Activities Liabilties	79,136	68,910	74,546	103,202	211,802	250,054
6.5A		Fiduciary Funds Assets
6.5B		Fiduciary Funds Liabilties
10.0	PART 2	Current Collections of Unit -Wide Levy	2,855,990	2,859,813	2,829,468	3,376,501	2,366,932	2,028,551
11.0	TAX	Current Collections of Special Tax Districts					4,836
12.0	REVENUES	Prior Years' Levy Collections	5,479	39,261	7,295	6,794	4,223	6,598
13.0		Penalties and Interest	9,813	12,358	8,374	6,882		3,929
14.0		Collections of Taxes Previously Written Off
15.0		Animal Tax
15.1		Solid Waste Disposal Tax	1,218	953
16.0		1% Local Government Option Sales Tax	829,358	841,881	1,044,378	993,403	905,207	848,824
17.0		1/2% Local Government Option Sales Tax (40)
18.0		1/2% Local Government Option Sales Tax (42)
18.5		1/2% Local Government Option Sales Tax (44)
19.0		Privilege Licenses	20,699	20,270	21,539	17,534	18,779	16,206
19.2		Privilege -- All other privileges and pemits
20.0		Auto Licenses
21.0		Vehicle Tax for Public Transportation
22.0		Other Licenses	124,288	124,388	128,329	120,394	111,049	39,130
23.0		Local Occupancy Tax						100,000
24.0		Prepared Food Tax
25.0		911 Charges
26.0		Gross Short Term lease and Rental Tax
27.0	FEDERAL	Payments In Lieu of Taxes - Federal
28.0	INTERGOV	Equitable Sharing of Fed. Forfeited Prop.
29.0	REVENUES	General Government					68,876	174,043
30.0		Public Safety
31.0		Transportation - Streets
32.0		Transportation - All Other
33.0		Environmental Protection
34.0		Econ. & Phys. Dev. - Housing/Comm. Dev.
35.0		Econ. & Phys. Dev. - All Other
36.0		Human Services: Health, Mental Hlt & Hosp
37.0		Human Services: All Other
38.0		Culture & Recreation
39.0	STATE	Payments In Lieu of Taxes - State	1,554	1,554	1,554	1,554	1,423	1,423
40.0	INTERGOV	Unauthorized Substance Tax
41.0	REVENUES	Transitional Hold Harmless
42.0		Wireless Enhanced 911 Service Charges
42.1		Emergency Telephone Services Fund (ETSF) Revenues (Do not include interest)
42.2		ETSF Interest Income
43.0		Piped Natural Gas Charge Distribution
44.0		Utility Franchise Tax	256,912	255,869	247,975	230,099	219,402	209,139
45.0		Beer and Wine Tax	8,021	2,567	8,079	8,347	8,138	7,911
46.0		Powell Bill	61,817	61,129	69,048	77,853	69,583	70,706
50.0		Court Fees - Facilities and Arrest Fees	1,346	1,904	2,390	2,945	3,887	2,850
51.0		General Government					438,584
52.0		Public Safety	79,011	13,792	4,804	7,360	9,000	620,266
53.0		Transportation - Streets	80,000				93,561
54.0		Transportation - All Other
55.0		Environmental Protection			30,000
56.0		Econ. & Phys. Dev. - Housing/Community Dev
57.0		Econ. & Phys. Dev. - All Other
58.0		Human Services -Health, Mental Health, Hosp
59.0		Human Services - All Other
60.0		Culture and Recreation			81,125
61.0	LOCAL	Payments in Lieu of Taxes - Local
62.0	INTERGOV	General Government			20,000	15,000	15,000
63.0	REVENUES	Public Safety					22,583	15,000
64.0		Transportation - Streets
65.0		Transportation - All Other
66.0		Environmental Protection
67.0		Economic and Physical Development
68.0		Human Services - Health, Mental Hlt & Hosp
69.0		Human Services - All Other
70.0		Culture and Recreation
71.0	PERMITS	Building Permits	108,684	110,320	157,144	74,236	166,432	216,887
72.0	& FEES	Inspection Fees
72.1		Amusements licensing and permit taxes
73.0		Other Permits	13,820	17,070	19,325	21,525	21,150	20,208
74.0	SALES &	Parking Revenues	48,552	4,160	8,614	31,139	38,625	36,529
75.0	SERVICES	Rents and Royalties	76,554	120,027	120,193	124,871	116,140	64,910
76.0		Airport
77.0		Fire Protection Charges
78.0		Solid Waste	588,104	584,393	583,402	504,988	487,260	468,175
79.0		Ambulance and Rescue Squad Charges	111,524	82,627	68,640	62,491	75,128	73,275
80.0		Cemeteries
81.0		Recreation Service Revenues
82.0		Library Service Revenues
83.0		Other Cultural and Rec Service Revenues
84.0		Mass Transit - City Operated
85.0		Other Sales and Services	21,341	10,514	9,428	7,573	3,639	6,508
86.0	UTILITY	Water and Sewer Charges	1,055,901	1,010,872	949,390	1,063,811	1,090,603	1,113,454
87.0	REVENUES	Electric Charges
88.0		Gas Charges
88.1		Storm Water Fees	161,890	183,675	195,514
89.0	MISC.	Investment Earnings - Bond Proceeds
90.0	REVENUES	Investment Earnings - All Other Funds	25,700	48,533	117,921	184,911	220,984	166,560
91.0		Special Assessments
92.0		Private Contributions and Donations	8,936	6,693	6,451	21,756	698,998	2,012
93.0		Sales of Materials and Fixed Assets	7,298
94.0		Sale of Real Property
95.0		Nongovt Contr For Streets & Traffic Signals
96.0		ABC Mixed Drink Surcharge
97.0		ABC Profit Distribution	102,922	53,702	62,122	64,874	71,030	73,833
98.0		Other Miscellaneous Revenues	56,648	27,476			54,197	41,748
99.0		Proceeds of Sale of Bonds and Notes
100.0		Proceeds of Capital Leases/Install Purchases						5,838,650
101.0		Other	3,598		37,448	67,254	25,588	7,000
102.0	NON-REV	School - Current Levy Collections
103.0	RECEIPTS	Prior Years' Levy Collections
104.0		Tax Collections for Other Units
105.0		Utilities Customer's Deposits
106.0		Deposits Other than Utility
107.0		Prepaid Taxes
108.0		Prepaid Privilege Licenses
109A	PART 4	Governing Body - Salaries & Wages	20,142	19,939	16,426	20,567	16,000
109B	GENERAL	Governing Body - Other Direct	57,077	103,129	110,633	131,858	135,491	148,100
109C	GOVT	Governing Body - Construction
109D		Governing Body - Purchase of P,P&E
110A		Administration - Salaries & Wages	230,453	215,420	199,078	240,975	128,729	106,982
110B		Administration - Other Direct	57,707	112,850	99,081	107,282	129,784	79,451
110C		Administration - Construction
110D		Administration - Purchase of P,P&E						71,119
111A		Elections - Salaries & Wages
111B		Elections - Other Direct
111C		Elections - Construction
111D		Elections - Purchase of P,P&E
112A		Finance - Salaries & Wages	151,194	149,604	156,843	155,562	103,272	94,586
112B		Finance - Other Direct	97,340	50,395	52,800	61,779	100,203	97,103
112C		Finance - Construction
112D		Finance - Purchase of P,P&E
113A		Taxes - Salaries & Wages
113B		Taxes - Other Direct
113C		Taxes - Construction
113D		Taxes - Purchase of P,P&E
114A		Legal - Salaries & Wages
114B		Legal - Other Direct
114C		Legal - Construction
114D		Legal - Purchase of P,P&E
115A		Public Buildings - Salaries & Wages	313,506	312,868	315,972	273,585	265,740	180,403
115B		Public Buildings - Other Direct	185,539	193,440	284,529	128,738	241,042	437,087
115C		Public Buildings - Construction
115D		Public Buildings - Purchase of P,P&E						4,013,467
116A		Court Facilities - Salaries & Wages
116B		Court Facilities - Other Direct
116C		Court Facilities - Construction
116D		Court Facilities - Purchase of P,P&E
117A		Central Services - Salaries & Wages
117B		Central Services - Other Direct
117C		Central Services - Construction
117D		Central Services - Purchase of P,P&E
118A		Gen. Govt. All Other - Salaries & Wages
118B		Gen. Govt. All Other - Other Direct
118C		Gen. Govt. All Other - Construction
118D		Gen. Govt. All Other - Purchase of P,P&E
119A	PUBLIC	Police & Comm - Traffic Control - Salaries and Wages	1,196,495	1,240,476	1,029,334	889,094	891,419	752,401
119B	SAFETY	Police & Comm - Traffic Control - Other Direct	247,838	215,467	183,888	185,340	568,621	729,038
119C		Police & Comm - Traffic Control - Construction
119D		Police & Comm - Traffic Control - Purchase of P,P&E	46,714	27,773		154,835	140,706
120A		Emergency Communications - Salaries & Wages			194,380	242,597
120B		Emergency Communications - Other Direct			23,400	26,256
120C		Emergency Communications - Construction
120D		Emergency Communications - Purchase of P,P&E
120B		Emergency Telephone Service Fund (ETSF) Expenditures - Operating
120C		ETSF Expenditures - Capital Construction
120D		ETSF Expenditures - Capital Purchases
121A		Emergency Mgmt - Salaries & Wages
121B		Emergency Mgmt - Other Direct					11,230	16,814
121C		Emergency Mgmt - Construction
121D		Emergency Mgmt - Purchase of P,P&E
122A		Fire - Salaries & Wages	865,265	859,340	838,674	845,314	597,383	516,790
122B		Fire - Other Direct	152,808	138,152	123,492	155,099	383,102	425,296
122C		Fire - Construction
122D		Fire - Purchase of P,P&E	11,733			360,564
123A		Inspectors - Salaries & Wages	183,088	171,947	166,670	129,636	108,767	73,482
123B		Inspectors - Other Direct	34,505	36,383	19,635	43,378	75,609	45,800
123C		Inspectors - Construction
123D		Inspectors - Purchase of P,P&E					14,584
124A		Rescue Units - Salaries & Wages
124B		Rescue Units - Other Direct	10,257	8,943	4,400	18,595
124C		Rescue Units - Construction
124D		Rescue Units - Purchase of P,P&E
125A		Animal Control - Salaries & Wages
125B		Animal Control - Other Direct
125C		Animal Control - Construction
125D		Animal Control - Purchase of P,P&E
126A		Pub. Safety All Other - Salaries & Wages	40,111	34,784	34,142	33,545	33,573	27,669
126B		Pub. Safety All Other - Other Direct	9,024	8,706	3,651	5,436	10,005	9,345
126C		Pub. Safety All Other - Construction
126D		Pub. Safety All Other - Purchase of P,P&E
127A	TRANSPOR	Traffic Engineering - Salaries & Wages
127B	TATION	Traffic Engineering - Other Direct
127C		Traffic Engineering - Construction
127D		Traffic Engineering - Purchase of P,P&E
128A		Streets and Highways - Salaries & Wages	179,917	172,350	171,361	169,375	133,214	134,563
128B		Streets and Highways - Other Direct	224,063	219,562	216,428	212,049	645,748	830,322
128C		Streets and Highways - Construction
128D		Streets and Highways - Purchase of P,P&E			9,387	11,804	1,093,630	7,848
129A		Street Cleaning - Salaries & Wages
129B		Street Cleaning - Other Direct
129C		Street Cleaning - Construction
129D		Street Cleaning - Purchase of P,P&E
130A		Powell Bill - Salaries & Wages
130B		Powell Bill - Other Direct	353,131	39,313	33,382	26,863	200,212	14,008
130C		Powell Bill - Construction
130D		Powell Bill - Purchase of P,P&E
131A		Parking Facilities - Salaries & Wages
131B		Parking Facilities - Other Direct
131C		Parking Facilities - Construction
131D		Parking Facilities - Purchase of P,P&E
132A		Mass Transit - City - Salaries & Wages
132B		Mass Transit - City - Other Direct
132C		Mass Transit - City - Construction
132D		Mass Transit - City - Purchase of P,P&E
133B		Mass Transit - Private - Other Direct
134A		Airport - Salaries & Wages
134B		Airport - Other Direct
134C		Airport - Construction
134D		Airport - Purchase of P,P&E
135A		Transpor. All Other - Salaries & Wages
135B		Transpor. All Other - Other Direct
135C		Transpor. All Other - Construction
135D		Transpor. All Other - Purchase of P,P&E
136A	ENVIRON	Solid Waste - Salaries & Wages	44,722	41,560	40,967	40,870	27,227	20,699
136B	MENTAL	Solid Waste - Other Direct	383,086	377,415	353,449	344,653	355,367	372,039
136C	PROTECTION	Solid Waste - Construction
136D		Solid Waste - Purchase of P,P&E
137A		Drainage & Watershed - Salaries & Wages
137B		Drainage & Watershed - Other Direct
137C		Drainage & Watershed - Construction
137D		Drainage & Watershed - Purchase of P,P&E
138A		Cemeteries - Salaries & Wages
138B		Cemeteries - Other Direct
138C		Cemeteries - Construction
138D		Cemeteries - Purchase of P,P&E
139A		Environ. All Other - Salaries & Wages
139B		Environ. All Other - Other Direct				31,175	335,135
139C		Environ. All Other - Construction
139D		Environ. All Other - Purchase of P,P&E
140A	ECONOMIC	Planning & Zoning - Salaries & Wages	69,543	67,127	66,755	66,281	25,813	43,660
140B	& PHYSICAL	Planning & Zoning - Other Direct	20,034	12,328	45,732	84,107	94,212	41,199
140C	DEVELOP	Planning & Zoning - Construction
140D		Planning & Zoning - Purchase of P,P&E						19,226
141A		Economic Development - Salaries & Wages
141B		Economic Development - Other Direct
141C		Economic Development - Construction
141D		Economic Development - Purchase of P,P&E
142A		Community Development - Salaries & Wages
142B		Community Development - Other Direct
142C		Community Development - Construction
142D		Community Development - Purchase of P,P&E
143A		Housing & Urban Renewal - Salaries & Wages
143B		Housing & Urban Renewal - Other Direct
143C		Housing & Urban Renewal - Construction
143D		Housing & Urban Renewal - Purchase of P,P&E
144A		Special Empl Programs - Salaries & Wages
144B		Special Empl Programs - Other Direct
144C		Special Empl Programs - Construction
144D		Special Empl Programs - Purchase of P,P&E
145A		Econ. Dev. All Other - Salaries & Wages
145B		Econ. Dev. All Other - Other Direct
145C		Econ. Dev. All Other - Construction
145D		Econ. Dev. All Other - Purchase of P,P&E
146A	HUMAN	Health - Salaries & Wages
146B	SERVICES	Health - Other Direct
146C		Health - Construction
146D		Health - Purchase of P,P&E
147A		Mental Health - Salaries & Wages
147B		Mental Health - Other Direct
147C		Mental Health - Construction
147D		Mental Health - Purchase of P,P&E
148A		Social Services - Salaries & Wages
148B		Social Services - Other Direct
148C		Social Services - Construction
148D		Social Services - Purchase of P,P&E
149B		Hospital-City - Other Direct
150B		Hospital-Private - Other Direct
151A		Legal Aid - Salaries & Wages
151B		Legal Aid - Other Direct
151C		Legal Aid - Construction
151D		Legal Aid - Purchase of P,P&E
152A		Human Serv. All Other - Salaries & Wages
152B		Human Serv. All Other - Other Direct
152C		Human Serv. All Other - Construction
152D		Human Serv. All Other - Purchase of P,P&E
153A	CULTURE	Recreation & Parks - Salaries & Wages	14,073
153B	RECREATION	Recreation & Parks - Other Direct	78,323	23,556
153C		Recreation & Parks - Construction
153D		Recreation & Parks - Purchase of P,P&E	5,931	23,338
154A		Coliseum - Salaries & Wages
154B		Coliseum - Other Direct
154C		Coliseum - Construction
154D		Coliseum - Purchase of P,P&E
155A		Museums - Salaries & Wages
155B		Museums - Other Direct
155C		Museums - Construction
155D		Museums - Purchase of P,P&E
156A		Libraries - Salaries & Wages
156B		Libraries - Other Direct
156C		Libraries - Construction
156D		Libraries - Purchase of P,P&E
157A		Cult. & Recr. All Other - Salaries & Wages
157B		Cult. & Recr. All Other - Other Direct
157C		Cult. & Recr. All Other - Construction
157D		Cult. & Recr. All Other - Purchase of P,P&E
158A	UTILITY	Water & Sewer - Salaries & Wages	252,466	244,124	235,683	154,432	132,157	121,755
158B		Water & Sewer - Other Direct	449,576	383,726	338,817	659,579	529,017	338,543
158C		Water & Sewer - Construction
158D		Water & Sewer - Purchase of P,P&E	154,321	14,123	32,332	128,766	35,716
159A		Electric Power - Salaries & Wages
159B		Electric Power - Other Direct
159C		Electric Power - Construction
159D		Electric Power - Purchase of P,P&E
160A		Natural Gas - Salaries & Wages
160B		Natural Gas - Other Direct
160C		Natural Gas - Construction
160D		Natural Gas - Purchase of P,P&E
161.1A		Storm Water - Salaries & Wages
161.1B		Storm Water - Other Direct		40,548	53,337
161.1C		Storm Water - Construction
161.1D		Storm Water - Purchase of P,P&E
161B	DEBT	Water & Sewer - Interest & Fees			1,134	8,415	16,028	21,656
161D	SERVICE	Water & Sewer - Principal			25,000	76,845	102,700	95,600
162B		Electric - Interest & Fees
162D		Electric - Principal
163B		Gas - Interest & Fees
163D		Gas - Principal
164B		School - Interest & Fees
164D		School - Principal
165B		Hospital - Interest & Fees
165D		Hospital - Principal
166B		All Other - Interest & Fees	140,428	164,310	178,922	182,122	196,026	24,129
166D		All Other - Principal	344,717	342,183	339,731	323,296	317,790	339,643
167B	PENSION	Direct Benefit Program - Other Direct
168B	FRINGE	Fringe Benefits Unallocated
169B		Separation Allowance - Law Enforcement	17,617	5,850
170B		Separation Allowance - Other Employees
171B		Supplemental Retirement - Law Enforcement	37,133	34,613	36,544	31,798	33,495	28,956
172B		Fringe Benefits Other	14,961	9,618
173A	INTERGOV	Multi-Cnty Libr Dis,Cnty,Or Other - Recipient
173B	EXPEND	Multi-Cnty Libr Dis,Cnty,Or Other - Item #
173C		Multi-Cnty Libr Dis,Cnty,Or Other - Amount
174A		Gen Gov Activities Shared W/ Cnty - Recipient
174B		Gen Gov Activities Shared W/ Cnty - Item #
174C		Gen Gov Activities Shared W/ Cnty - Amount
175A		Highways (Payments to State) - Recipient
175B		Highways (Payments to State) - Item No.
175C		Highways (Payments to State) - Amount
176A		Other - Intergovt. Expenditures - Recipient
176B		Other - Intergovt. Expenditures - Item #
176C		Other - Intergovt. Expenditures - Amount
177A		Other - Intergovt. Expenditures - Recipient
177B		Other - Intergovt. Expenditures - Item #
177C		Other - Intergovt. Expenditures - Amount
178A		Other - Intergovt. Expenditures - Recipient
178B		Other - Intergovt. Expenditures - Item #
178C		Other - Intergovt. Expenditures - Amount
179.0		Current year's levy -- Excluding motor vehicles	2,842,800.	2,843,720.00	2,845,262.00	3,353,751.00	2,321,673.00	1,985,137.00
180.0		Current year's levy -- Motor vehicles (only)	24,852.	23,882.00	26,040.00	38,195.00	57,872.00	51,459.00
181.0	PART 6	Uncollected Taxes - Current Year's Levy Except Mot Veh	9,763.	3,806.00	38,700.00	-9,427.00	862.00	-168.00
182.0	OTHER	Uncollected Taxes - CY Levy -Motor Vehicles	2,998	2,930	2,929	-4,764	10,132	-7,877
183.0	DATA	Percentage of Taxes Collected - All Property %	99.56	99.77	98.55	100.42	99.54	100.40
184.0	DATA	Percentage of Taxes Collected - Exclude Motor Vehicles%	99.66	99.87	98.64	100.28	99.96	100.01
185.0		Percentage of Taxes Collected - Motor Vehicles %	87.94	87.73	88.75	112.47	82.49	115.31
186.0		Ttl Amt Salaries/Wages for Construction
187A		Capital Reserve Schools - July 1, 2009
187B		Capital Reserve Schools - June 30, 2010
188A		Capital Reserve Hospitals - July 1, 2009
188B		Capital Reserve Hospitals - June 30, 2010
189A	PART 7	Cash On Hand & in Bank - Debt Service
189B	CASH &	Cash On Hand & in Bank - Construction Bond
189C	INVEST	Cash On Hand & in Bank - All Other	7,822,883	7,940,686	7,416,219	5,736,901	6,010,140	6,262,880
190A	PART	Appropriations Made During FY - B(1) - B(7)
190B	8	Expenditures Made During FY - B(1) - B(7)
191.0		Investment in Property - B(1) - B(4)
192.0		Amount Expended During FY - B(5) and B(7)
193.0		Amount of Tax Revenues Taken Into Account
194A	PART 9	Amount - Total Revenues	6,726,978	6,495,801	6,839,950	7,094,095	7,430,837	12,274,325
194B	FISCAL	Amount - Subtract Refunding Bond Proceeds
194C	SUMMARY	Amount - Subtract Interfund Transfers In
194D		Amount - Net Revenues	6,726,978	6,495,801	6,839,950	7,094,095	7,430,837	12,274,325
		Calculated amount	6,726,978	6,495,801	6,839,950	7,094,095	7,430,837	12,274,325
		Amounts in AGREEMENT??	Yes	Yes	Yes	Yes	Yes	Yes
		Difference
195A		Amount - Total Expenditures	6,694,838	6,115,260	6,035,989	6,762,465	8,228,747	10,278,779
195B		Amount - Subtract Pymts. to Refunded Debt Agent
195C		Amount - Subtract Interfund Transfers Out
195D		Amount - Net Expenditures	6,694,838	6,115,260	6,035,989	6,762,465	8,228,747	10,278,779
		Calculated amount	6,694,838	6,115,260	6,035,989	6,762,465	8,228,747	10,278,779
		Amounts in AGREEMENT??	Yes	Yes	Yes	Yes	Yes	Yes
		Difference

401A	Part 10	Number of residential accounts billed Water
401B	Water /	Number of residential accounts billed Sewer
402A	Sewer	Amount processed and/or purchased in units Water	250	229,047,000	246,000	244,000	242,367,000
402B	Operations	Amount processed and/or purchased in units Sewer
403A		Total amount billed in units - Water		185,023,781	193,000	193,000	179,310,120
403B		Total amount billed in units - Sewer
404A		Of the total in 403A above how many units were Residential W		158,167,072	158,000	167,000	109,110,210
404B		Of the total in 403B above how many units were Residential S					488,300
405A		Of the total in 403 above, how many units were Outside Muni W
405B		Of the total in 403 above, how many units were Outside Muni S
406A		Of the total in 405A above how many units were Residential W
406B		Of the total in 405B above how many units were Residential S
407A		Of the total in 403A, how many units were sold for redistribution
407B		Of the total in 403B how many unit were delivered in bulk	1,689,331	973,027	875,659	818,831	745,143
408A		Dollars related to 403A above
408B		Dollars related to 403B above	1,520,398	866,842	752,947	726,815	453,420
409A		Dollars related to 404A above
409B		Dollars related to 404B above					17,424
410A		Dollars related to 405A above
410B		Dollars related to 405B above
411A		Dollars related to 406A above
411B		Dollars related to 406B above
412A		Dollars related to 407A above
412B		Dollars related to 407B above	6,243	6,243	6,252	6,267
421A		Number of residential accounts billed - Water
421B		Number of residential accounts billed - Sewer	717	746	746	754
422A		Number of non-residential & bulk accounts billed - Water
422B		Number of non-residential & bulk accounts billed - Sewer	2	2	2	2	2	2
423A		Estimated percentage of accounts outside of municipal limits



950.0		Official	Sabrina Simpson
951.0		Title	Admin Services Director
952.0		Date	10/31/2011	11/10/2010	11/04/2009	11/12/2008	01/23/2008	12/29/2006
953.0		Contact	Sabrina Simpson
954.0		Title	Admin Services Director
955.0		Phone	252 726-2121
956.0		Fax	252 726-5115
957.0		E-Mail:

Go to top of page Key Ratios and Operations Statistics of Water and Sewer Systems for
Town of Atlantic Beach

	2011	2010	2009	2008	2007	2006

Population	1,501	1,820	1,800	1,799	1,812	1,801
Population Group	No Electric 1,000 to 2,499	No Electric 1,000 to 2,499	No Electric 1,000 to 2,499	No Electric 1,000 to 2,499	No Electric 1,000 to 2,499	No Electric 1,000 to 2,499
Total Operating Revenues	$0	1,171,130	1,089,455	967,728	967,400	1,018,458
Total Operating Revenues Per Capita	$0	643	605	538	534	565
Group Weighted Average Revenues Per Capita	34	289	290	290	274	263
State Weighted Average Revenues Per Capita	7	272	252	255	255	249

% to Total Operating Revenues
Operating Expenses	0.00%	76.16%	78.80%	106.92%	89.73%	66.85%
Group Weighted Average	99.05%	105.51%	106.51%	104.66%	105.75%	103.04%
State Weighted Average	91.62%	83.21%	87.12%	84.06%	80.00%	79.32%

Operating Margin	0.00%	23.84%	21.20%	-6.92%	10.27%	33.15%
Group Weighted Average	0.95%	-5.51%	-6.51%	-4.66%	-5.75%	-3.04%
State Weighted Average	8.38%	16.79%	12.88%	15.94%	20.00%	20.68%

Operating Transfers In	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Group Weighted Average	16.51%	10.42%	6.34%	4.91%	3.25%	3.52%
State Weighted Average	27.09%	1.59%	1.20%	1.28%	1.10%	1.57%

Operating Transfers Out	0.00%	30.38%	32.86%	36.18%	35.59%	16.50%
Group Weighted Average	18.35%	1.61%	7.42%	1.88%	2.88%	15.74%
State Weighted Average	52.67%	1.55%	2.65%	3.15%	1.86%	2.84%

Net Income before capital contributions	0.00%	0.35%	-6.67%	-34.04%	-14.25%	23.76%
Group Weighted Average	-77.01%	11.11%	-26.45%	26.08%	15.63%	14.62%
State Weighted Average	643.66%	15.82%	-9.92%	18.20%	25.61%	24.40%

Key Ratios and Cash Flow

Quick Ratio	40.63	47.14	36.98	23.64	14.13	17.74
Group Weighted Average	3.96	3.33	3.09	2.80	3.18	3.56
State Weighted Average	4.02	3.21	2.82	2.96	2.91	2.83

Days Sales in Receivables	8.0	60.8	64.9	60.8	61.5	63.7
Group Weighted Average	4.1	45.5	45.4	50.5	49.9	43.3
State Weighted Average	1.2	57.9	58.5	56.7	61.6	59.8

Days Cash on Hand	0.0	1,212.7	1,185.4	868.6	1,283.3	1,853.0
Group Weighted Average	-105.6	471.6	447.9	455.0	692.9	524.2
State Weighted Average	-16.4	614.6	560.8	588.9	647.0	571.9

Cash flow from Operations	$497,288	484,826	462,783	107,278	363,443	544,944

Debt to Equity	0.00	0.00	0.00	0.00	0.02	0.04
Group Weighted Average	0.27	0.24	0.26	0.29	0.27	0.28
State Weighted Average	0.22	0.59	0.54	0.54	0.55	0.55

Debt per Capita	0	0	0	0	64	118
Group Weighted Average	38	422	451	482	433	421
State Weighted Average	8	897	783	781	761	733

Capital Expenditures:	2011	2010	2009	2008	2007	2006
	$0	0	0	0	0	0

	2005	2004	2003	2002
	$0	0	60,613	61,268

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


Operating Statistics

Estimated population of the areas served Water	0	0	0	0	6,300	NA
Estimated population of the areas served Sewer	0	0	0	0	0	NA

Number of Gallons of Water Processed (000) omitted	250	229,047,000	246,000	244,000	242,367,000	NA
Number of Gallons of Sewage Processed (000) omitted	0	0	0	0	0	NA

Number of Gallons of Water Billed (000) omitted	0	185,023,781	193,000	193,000	179,310,120	NA
Number of Gallons of Sewage Billed (000) omitted	0	0	0	0	0	NA

Ratio of Water Billed to Water Processed	0.00004	0.80780	0.78455	0.79098	0.73983	NA
Ratio of Sewage Billed to Sewage Processed						NA

Total Revenue from Water Sales	1,689,331	973,027	875,659	818,831	745,143	NA
Total Revenue from Sewage Sales	0	0	0	0	0	NA

Water Revenue per 1000 gallons of Sales					118.27667	NA
Sewage Revenue per 1000 gallons of Sales						NA

Group Average Sales per thousand Gallons Water	$0.00016	$58.68442	$27.87923	$1,769.81984	$14,046.04813	NA
Group Average Sales per thousand Gallons Sewage	$0.00023	$82.78241	$36.57171	$899.82774	$7,994.92601	NA

State Average Sales per thousand Gallons Water	$0.00381	$25.16691	$28.47236	$12,972.02948	$5,350.70834	NA
State Average Sales per thousand Gallons Sewage	$0.00272	$48.57325	$47.83284	$11,816.81710	$3,994.76021	NA

Residential Water Sales per thousand Gallons	$152,039,800.00000	0.00548	4.76549	4.35219	0.00416	NA
Residential Sewage Sales per thousand Gallons						NA

Water Sales per thousand Gallons outside Municipal Limits					0.03568	NA
Sewage Sales per thousand Gallons outside Municipal Limits						NA

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

Financial Graphs and Comparisons

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

Go to top of page

Analysis of Available Fund Balance: General Fund

	2007	2008	2009	2010	2011
Unit's FBA %	23.76%	72.53%	91.45%	94.49%	0.00%
Group average FBA %	65.48%	62.44%	66.05%	66.79%	73.24%
State average Electric/Non Electric Group FBA %	37.39%	36.66%	37.89%	38.71%	26.68%
State average FBA %	36.54%	36.35%	65.48%	37.47%	29.01%

Municipal Population Group: No Electric 1,000 to 2,499

Go to top of page

2007 2008 2009 2010 2011

Municipality 99.54% 100.42% 98.55% 99.77% 99.56%

Pop. Group 97.18% 96.86% 95.99% 95.37% 96.53%

Statewide 97.58% 97.56% 97.34% 97.36% 97.59%

Municipal Population Group: No Electric 1,000 to 2,499

	2007	2008	2009	2010	2011
Municipality	99.54%	100.42%	98.55%	99.77%	99.56%
Pop. Group	97.18%	96.86%	95.99%	95.37%	96.53%
Statewide	97.58%	97.56%	97.34%	97.36%	97.59%

Municipal Population Group: No Electric 1,000 to 2,499

Go to top of page

2007 2008 2009 2010 2011

Municipality 64 14 0 0 0

Pop. Group 294 277 265 256 236

Statewide 478 456 455 449 450

Municipal Population Group: 1,000 to 2,499

	2007	2008	2009	2010	2011
Municipality	64	14	0	0	0
Pop. Group	294	277	265	256	236
Statewide	478	456	455	449	450

Municipal Population Group: 1,000 to 2,499

Go to top of page

2007 2008 2009 2010 2011

Property Tax $1,309 1,884 1,581 1,600 1,913

Utility 604 596 533 561 718

Sales Tax 500 552 579 463 551

Sales & Services 407 414 445 444 559

Intergovernmental 524 191 258 185 326

Debt Proceeds 30 0 0 15 38

Other Miscellaneous 713 269 383 301 373

Total $4,087 3,906 3,779 3,569 4,478

	2007	2008	2009	2010	2011
Property Tax	$1,309	1,884	1,581	1,600	1,913
Utility	604	596	533	561	718
Sales Tax	500	552	579	463	551
Sales & Services	407	414	445	444	559
Intergovernmental	524	191	258	185	326
Debt Proceeds	30	0	0	15	38
Other Miscellaneous	713	269	383	301	373
Total	$4,087	3,906	3,779	3,569	4,478

Go to top of page

2011
2011

Category Revenue
Per Capita

Property Tax $2,871,282
$1,913

Water/Sewer 21,341
14

Electric 1,055,901
703

Other Utilities 0
0

Sales Tax 829,358
551

Sales & Services 838,554
559

Intergovernment 488,661
326

Debt Proceeds 56,648
38

Miscellaneous 560,417
373

Total $6,722,162
$4,478

Municipal Population Group: No Electric 1,000 to 2,499

Go to top of page

2011
2011

Category Expenditures
Per Capita

General Government $1,112,958
$742

Water/Sewer 0
0

Electric 856,363
571

Other Utilities 0
0

Debt Service 485,145
323

Transportation 757,111
504

Public Safety 2,852,588
1,900

Other 630,673
420

Total $6,694,838
$4,460

Municipal Population Group: No Electric 1,000 to 2,499

Go to top of page

2011
2011

Category Expenditures
Per Capita

Salaries & Wages $3,560,975
$2,372

Water/Sewer Capital 0
0

Electric Capital 154,321
103

Other Capital 64,378
43

Other Operating 2,915,164
1,942

Total $6,694,838
$4,460

Municipal Population Group: No Electric 1,000 to 2,499

Last Updated 2/7/2012 2:10:15 PM



	2011	2011
Category	Revenue	Per Capita
Property Tax	$2,871,282	$1,913
Water/Sewer	21,341	14
Electric	1,055,901	703
Other Utilities	0	0
Sales Tax	829,358	551
Sales & Services	838,554	559
Intergovernment	488,661	326
Debt Proceeds	56,648	38
Miscellaneous	560,417	373
Total	$6,722,162	$4,478

Municipal Population Group: No Electric 1,000 to 2,499

North CarolinaDepartment of State TreasurerFinancial InformationTown of Atlantic Beach

Financial Graphs and Comparisons

North Carolina
Department of State Treasurer
Financial Information
Town of Atlantic Beach