North Carolina
Department of State Treasurer
Financial Information
Town of Beaufort



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

The AFIR report that was due 10/31/2011 has not been received as of 02/04/2012The audit report that was due 10/31/2011 has not been received as of 02/04/2012


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		201120102009200820072006

Revenues by Source







Property Tax$0 2,161,460 2,048,942 1,784,809 1,733,507 1,668,159


Utility - 3,074,216 3,272,376 3,247,852 3,331,111 2,732,293


Sales Tax - 609,043 564,394 885,663 865,911 722,500


Sales & Services - 167,148 351,290 563,002 642,458 569,223


Intergovernmental - 2,338,187 2,429,325 831,151 521,929 478,142


Debt Proceeds - 2,696,152 11,204,832 5,000,260 637,250 74,058


Other Miscellaneous - 2,401,598 1,223,153 722,475 875,663 1,485,721


Total$0 13,447,804 21,094,312 13,035,212 8,607,829 7,730,096










Expenditures by Function







Utility$0 9,994,398 14,630,543 9,229,899 2,410,896 1,995,501


Debt Service - 1,597,001 741,979 401,928 423,530 567,547


Transportation - 827,881 786,629 813,851 856,256 943,448


General Government - 709,474 701,107 676,125 663,244 578,325


Public Safety - 2,017,893 2,319,646 1,975,291 1,857,099 1,805,451


Other - 560,658 590,022 1,132,763 420,016 519,023


Total$0 15,707,305 19,769,926 14,229,857 6,631,041 6,409,295










Expenditures by Object







Salaries & Wages$0 2,686,753 2,174,572 2,407,977 2,256,130 1,752,980


Capital Outlay - 8,634,003 13,416,276 8,246,269 638,452 1,128,789


Other Operating + Debt Service - 4,386,549 4,179,078 3,575,611 3,736,459 3,527,526


Total$0 15,707,305 19,769,926 14,229,857 6,631,041 6,409,295



















Per Capita Revenues by Source







Property Tax$0 534 514 449 433 422


Utility - 759 821 817 832 690


Sales Tax - 151 143 222 216 183


Sales & Services - 41 88 142 160 144


Intergovernmental - 578 610 209 130 121


Debt Proceeds - 666 2,812 1,258 159 19


Other Miscellaneous - 593 307 182 219 375


Total$0 3,322 5,295 3,279 2,149 1,954










Per Capita Expenditures by Function







Utility$0 2,469 3,672 2,322 602 504


Debt Service - 395 186 101 106 143


Transportation - 205 197 205 214 238


General Government - 174 177 170 165 148


Public Safety - 498 582 497 464 456


Other - 139 148 285 105 131


Total$0 3,880 4,962 3,580 1,656 1,620










Per Capita Expenditures by Object







Salaries & Wages$0 664 546 606 563 443


Capital Outlay - 2,133 3,368 2,075 159 285


Other Operating - 1,083 1,048 899 934 892


Total$0 3,880 4,962 3,580 1,656 1,620










Population GroupNo Electric 2,500 to 9,999 No Electric 2,500 to 9,999 No Electric 2,500 to 9,999 No Electric 2,500 to 9,999 No Electric 2,500 to 9,999 No Electric 2,500 to 9,999


Number of Municipalites in Group 119 122 120 120 124 123


Average Population In Group 4,793 4,664 4,697 4,793 4,727 4,663


Town of Beaufort Population 4,054 4,048 3,984 3,975 4,005 3,957

Group Average Per Capita Revenues by Source







Property Tax 352 342346336310306


Utility 539 323315313317332


Sales Tax 125 125144160159152


Sales & Services 144 8582787671


Intergovernmental 251 198179175172159


Debt Proceeds 107 531521112428


Other Miscellaneous 144 120157179229189


Total 1,662 1,2461,3751,3521,2871,237










Group Average Per Capita Expenditures by Function







Utility 423 419414370332305


Debt Service 79 1031001029698


Transportation 89 9595110111112


General Government 167 179185169159156


Public Safety 303 323318318310280


Other 240 220219230235209


Total 1,301 1,3391,3311,2991,2431,160










Group Average Per Capita Expenditures by Object







Salaries & Wages 450 431429414405390


Capital Outlay 226 325317279252205


Other Operating 624 583585606584564


Total 1,300 1,3391,3311,2991,2411,159


















General Fund
Go to top of page		201120102009200820072006

General Fund revenues
 3,842,467 3,840,508 4,370,071 3,996,316 3,782,462

General Fund expenditures
 3,364,024 3,402,973 3,918,336 3,232,646 3,155,654

Operating transfers in
 - - - - -

Operating transfers out
 540,327 434,550 574,225 429,350 393,773

Capital leases and installment purchase proceeds
 - - - 86,424 219,054

Other items
 - - - - -

Excess of revenues and other sources over (under) expenditures and other uses
 (61,884) 2,985 (122,490) 420,744 452,089










Fund balance available (FBA):







In dollars
 3,689,687 3,754,532 3,715,073 3,827,805 3,440,332


FBA as a % of GF Net Expenditures:







 Unit's FBA %
94.5097.8482.69107.05103.30


 Group weighted average FBA %104.9767.3970.2665.0764.3162.32


 State weighted average Non-Electric Group26.6838.7137.8936.6637.3937.38


 State weighted average FBA %29.0137.4737.0336.3536.5436.96

















Enterprise Funds:
Go to top of page






Capital Projects, Water/Sewer













Combined financial results:







Working capital
 53,680 3,384,066 1,887,114 2,941,034 1,687,506


Quick ratio
1.02 2.37 1.95 7.57 5.02


Net income
4,249,764 3,577,537 1,617,974 1,435,610 1,172,054


Cashflow from operations
1,439,490 1,607,746 1,333,580 1,163,594 872,255


Depreciation & Amortization Expense
240,309 222,976 215,056 200,087 183,716


























Cash, Investments and Financing
Go to top of page		201120102009200820072006











Population at July 1st of the Previous Year4,0544,0483,9843,9754,0053,957


Population GroupNo Electric 2,500 to 9,999 No Electric 2,500 to 9,999 No Electric 2,500 to 9,999 No Electric 2,500 to 9,999 No Electric 2,500 to 9,999 No Electric 2,500 to 9,999


Cash &Investments$0 $7,879,364 $7,784,627 $9,295,686 $8,576,251 $6,643,692


Investment Earnings0 35,632 156,000 387,981 384,429 139,483


Tax Rate Equivalent0.00000.00370.01630.04240.08350.0324


Tax Rate Equivalent Group weighted average0.00270.00550.01300.02940.04370.0322


Tax Rate Equivalent Statewide weighted average0.01560.02470.01330.05240.09200.0573


Latest year of Revaluation 200720072007200720012001


January 1, Prior Year Assessed Valuation$970,487,132 973,552,483 954,856,649 915,137,957 460,499,031 430,962,050


Tax Rate0.22000.22000.22000.19000.38000.3800


Tax Rate Group weighted average0.27780.25520.26970.26690.31160.3191


Tax Rate State Wide0.41220.40900.42620.42380.44500.4321


Assessment -to-Sales Ratio98.03112.6598.40100.0060.4477.79


Assessment -to-Sales Ratio Group weighted average102.19102.8492.1790.9283.5191.52


Assessment -to-Sales Ratio Statewide101.4798.2790.8188.5388.4192.28


Assessed Valuation Adjusted for Assesment to Sales Ratio$989,989,934 864,227,681 970,382,773 915,137,957 761,911,037 554,007,006


EffectiveTax Rate0.21570.24780.21650.19000.22970.2956


Group weighted average Effective Tax Rate0.28380.26240.24860.24270.26020.2921


Statewide weighted average Effective Tax Rate0.41830.40200.38700.37520.39340.3987


Percent Collected0.000096.880095.470098.640097.960097.7300


Percent Collected Group weighted average96.5895.4095.4195.8196.7096.72


Percent Collected Statewide97.5997.3697.3497.5697.5897.55


Percent Collected Excluding Motor Vehicles0.0097.2195.7699.1598.8498.58


Percent Collected Excluding Motor Vehicles Group weighted average97.3397.4397.5598.0697.9998.08


Percent Collected Excluding Motor Vehicles Statewide weighted average98.3598.2398.3098.6598.5998.61


Percent Collected Motor Vehicles Only 0.0084.7785.1386.9684.6584.71


Percent Collected Motor Vehicles Only Group weighted average85.2985.6085.2385.7586.0486.22


Percent Collected Motor Vehicles Only Statewide weighted average 87.2886.3486.5586.7486.7186.80


Tax Uncollected0 115,157 144,799 88,268 126,418 124,492


Tax Rate Equivalent0.00000.01180.01520.00960.02750.0289


Dominant County: Carteret






Debt Information








Population Group2,500 to 4,9992,500 to 4,9992,500 to 4,9992,500 to 4,9992,500 to 4,9992,500 to 4,999


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 51,800 98,400 140,400


General Government GO Debt0 0 0 0 0 0


Total General Obligation Debt0 0 0 51,800 98,400 140,400


Per Capita$0 0 0 13 25 35


Total Per Capita for the Population Group113 107 158 152 149 162


Total Per Capita Statewide450 449 455 456 478 495


Total per Assessed Valuation Adjusted for Current Year Sales0.0000%0.0000%0.0000%0.0057%0.0129%0.0253%


 Total per Assessed Valuation Adjusted for Current Year Sales- Group Average0.0898%0.0802%0.1078%0.1101%0.1223%0.1565%


 Total per Assessed Valuation Adjusted for Current Year Sales - Statewide0.4280%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 Government1,500,000 0 0 0 0 0


Total*$1,500,000 0 0 0 0 0


* The total only includes the contracts that require Local Government Commission approval.




Revenue Bond Debt $18,133,707 19,254,865 6,352,423 1,134,618 572,178 602,293


















Annual Financial Information Report Detail
Go to top of page





LineSectionDescription201120102009200820072006

Population at July 1st of the Previous Year Adjusted for Boundry Changes4,0544,0483,9843,9754,0053,957









1.5AFISCAL Governmental Activities Assets
6,467,4706,607,0066,609,7136,066,1625,554,836
1.5BSUMMARYGovernmental Activities Liabilities
655,405577,151512,808652,225704,012
3.5A
Business Type Activities Assets
36,652,54031,753,29517,248,3329,191,6627,386,379
3.5B
Business Type Activities Liabilties
19,552,13818,902,6577,975,2311,536,5351,166,862
6.5A
Fiduciary Funds Assets





6.5B
Fiduciary Funds Liabilties





10.0PART 2Current Collections of Unit -Wide Levy
2,082,1842,007,0251,744,9281,696,4131,641,446
11.0TAXCurrent Collections of Special Tax Districts

232,68493,577193,720288,675
12.0REVENUESPrior Years' Levy Collections
65,30430,15828,38630,44519,001
13.0
Penalties and Interest
13,97211,75911,4956,6497,712
14.0
Collections of Taxes Previously Written Off





15.0
Animal Tax





15.1
Solid Waste Disposal Tax
199,232



16.0
1% Local Government Option Sales Tax
356,856241,715442,832432,955361,250
17.0
1/2% Local Government Option Sales Tax (40)
110,502120,858221,416216,478180,625
18.0
1/2% Local Government Option Sales Tax (42)
108,914120,858221,415216,478180,625
18.5
1/2% Local Government Option Sales Tax (44)
32,77180,963


19.0
Privilege Licenses
26,01630,03630,74434,55926,241
19.2
Privilege -- All other privileges and pemits





20.0
Auto Licenses





21.0
Vehicle Tax for Public Transportation





22.0
Other Licenses

678
29,29628,119
23.0
Local Occupancy Tax





24.0
Prepared Food Tax





25.0
911 Charges





26.0
Gross Short Term lease and Rental Tax





27.0FEDERALPayments In Lieu of Taxes - Federal





28.0INTERGOVEquitable Sharing of Fed. Forfeited Prop.





29.0REVENUESGeneral Government





30.0
Public Safety
23,738114,94053,29273,778119,987
31.0
Transportation - Streets





32.0
Transportation - All Other





33.0
Environmental Protection

47,500


34.0
Econ. & Phys. Dev. - Housing/Comm. Dev.




5,783
35.0
Econ. & Phys. Dev. - All Other


288,927

36.0
Human Services: Health, Mental Hlt & Hosp





37.0
Human Services: All Other





38.0
Culture & Recreation





39.0STATEPayments In Lieu of Taxes - State





40.0INTERGOVUnauthorized Substance Tax





41.0REVENUESTransitional 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
273,706265,762248,947222,006197,039
45.0
Beer and Wine Tax
5,68217,85218,44917,88117,123
46.0
Powell Bill
110,763122,629137,746122,743123,847
50.0
Court Fees - Facilities and Arrest Fees
14,69912,5738,1496,1354,860
51.0
General Government





52.0
Public Safety
354,441

26,707
53.0
Transportation - Streets





54.0
Transportation - All Other





55.0
Environmental Protection
1,555,1581,764,205


56.0
Econ. & Phys. Dev. - Housing/Community Dev





57.0
Econ. & Phys. Dev. - All Other



52,679
58.0
Human Services -Health, Mental Health, Hosp





59.0
Human Services - All Other





60.0
Culture and Recreation





61.0LOCALPayments in Lieu of Taxes - Local




9,503
62.0INTERGOVGeneral Government





63.0REVENUESPublic Safety

83,86475,641

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





71.0PERMITS Building Permits
86,39972,32196,04273,633114,587
72.0& FEESInspection Fees





72.1
Amusements licensing and permit taxes





73.0
Other Permits





74.0SALES &Parking Revenues





75.0SERVICESRents and Royalties
164,898135,493112,708183,102111,481
76.0
Airport





77.0
Fire Protection Charges





78.0
Solid Waste

213,037449,294459,356454,492
79.0
Ambulance and Rescue Squad Charges





80.0
Cemeteries
2,2502,7601,000
3,250
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
72,06072,774
1,750
86.0UTILITYWater and Sewer Charges
3,002,1563,199,6023,247,8523,329,3612,732,293
87.0REVENUESElectric Charges





88.0
Gas Charges





88.1
Storm Water Fees





89.0MISC.Investment Earnings - Bond Proceeds





90.0REVENUESInvestment Earnings - All Other Funds
35,632156,000387,981384,429139,483
91.0
Special Assessments





92.0
Private Contributions and Donations
1,599,214424,14610,40034,300500
93.0
Sales of Materials and Fixed Assets





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
8,3378,402103,73139,30248,072
98.0
Other Miscellaneous Revenues
99,316126,866124,675120,99874,058
99.0
Proceeds of Sale of Bonds and Notes
2,596,83611,077,9664,875,585516,252
100.0
Proceeds of Capital Leases/Install Purchases
646,000298,886
86,424840,044
101.0
Other





102.0NON-REVSchool - Current Levy Collections





103.0RECEIPTSPrior Years' Levy Collections





104.0
Tax Collections for Other Units





105.0
Utilities Customer's Deposits




15,419
106.0
Deposits Other than Utility





107.0
Prepaid Taxes





108.0
Prepaid Privilege Licenses





109APART 4Governing Body - Salaries & Wages
14,30016,90015,60015,60015,600
109BGENERALGoverning Body - Other Direct
81,24342,43664,04469,52761,946
109CGOVTGoverning Body - Construction





109D
Governing Body - Purchase of P,P&E





110A
Administration - Salaries & Wages
243,567206,218193,541190,546181,590
110B
Administration - Other Direct
202,889198,988189,186164,524108,462
110C
Administration - Construction





110D
Administration - Purchase of P,P&E


5,856
29,893
111A
Elections - Salaries & Wages





111B
Elections - Other Direct


3,900
575
111C
Elections - Construction





111D
Elections - Purchase of P,P&E





112A
Finance - Salaries & Wages
35,20026,11541,61440,40238,478
112B
Finance - Other Direct
33,54766,79421,37321,42021,481
112C
Finance - Construction





112D
Finance - Purchase of P,P&E





113A
Taxes - Salaries & Wages
37,62041,63240,61739,43337,142
113B
Taxes - Other Direct





113C
Taxes - Construction





113D
Taxes - Purchase of P,P&E





114A
Legal - Salaries & Wages





114B
Legal - Other Direct
61,108102,024100,394121,79283,158
114C
Legal - Construction





114D
Legal - Purchase of P,P&E





115A
Public Buildings - Salaries & Wages





115B
Public Buildings - Other Direct





115C
Public Buildings - Construction





115D
Public Buildings - Purchase of P,P&E





116A
Court Facilities - Salaries & Wages





116B
Court Facilities - Other Direct





116C
Court Facilities - Construction





116D
Court Facilities - Purchase of P,P&E





117A
Central Services - Salaries & Wages





117B
Central Services - Other Direct





117C
Central Services - Construction





117D
Central Services - Purchase of P,P&E





118A
Gen. Govt. All Other - Salaries & Wages





118B
Gen. Govt. All Other - Other Direct





118C
Gen. Govt. All Other - Construction





118D
Gen. Govt. All Other - Purchase of P,P&E





119APUBLICPolice & Comm - Traffic Control - Salaries and Wages
711,042684,557622,500621,349568,377
119BSAFETYPolice & Comm - Traffic Control - Other Direct
384,585398,544425,282364,451356,989
119C
Police & Comm - Traffic Control - Construction





119D
Police & Comm - Traffic Control - Purchase of P,P&E
9,931
5,94020,80288,996
120A
Emergency Communications - Salaries & Wages





120B
Emergency Communications - Other Direct





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





121C
Emergency Mgmt - Construction





121D
Emergency Mgmt - Purchase of P,P&E





122A
Fire - Salaries & Wages
436,224430,043452,151341,298347,669
122B
Fire - Other Direct
345,412359,920337,166346,867267,169
122C
Fire - Construction





122D
Fire - Purchase of P,P&E
1,000313,00933,950
25,500
123A
Inspectors - Salaries & Wages
51,05842,34118,89942,10971,871
123B
Inspectors - Other Direct
40,14460,69771,65598,50053,983
123C
Inspectors - Construction





123D
Inspectors - Purchase of P,P&E




4,595
124A
Rescue Units - Salaries & Wages





124B
Rescue Units - Other Direct





124C
Rescue Units - Construction





124D
Rescue Units - Purchase of P,P&E





125A
Animal Control - Salaries & Wages





125B
Animal Control - Other Direct





125C
Animal Control - Construction





125D
Animal Control - Purchase of P,P&E





126A
Pub. Safety All Other - Salaries & Wages





126B
Pub. Safety All Other - Other Direct





126C
Pub. Safety All Other - Construction





126D
Pub. Safety All Other - Purchase of P,P&E





127ATRANSPORTraffic Engineering - Salaries & Wages





127BTATIONTraffic Engineering - Other Direct





127C
Traffic Engineering - Construction





127D
Traffic Engineering - Purchase of P,P&E





128A
Streets and Highways - Salaries & Wages
472,623227,529429,380398,496393,352
128B
Streets and Highways - Other Direct
258,073479,255278,379312,919268,198
128C
Streets and Highways - Construction





128D
Streets and Highways - Purchase of P,P&E

8,241
80,770164,506
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

15,88712,94140,346
130B
Powell Bill - Other Direct
97,18555,71793,15123,725112,224
130C
Powell Bill - Construction





130D
Powell Bill - Purchase of P,P&E




5,168
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





136AENVIRONSolid Waste - Salaries & Wages
214,215191,844203,966198,77298,901
136BMENTALSolid Waste - Other Direct
191,474187,180184,410172,024235,820
136CPROTECTIONSolid 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





139C
Environ. All Other - Construction





139D
Environ. All Other - Purchase of P,P&E





140AECONOMICPlanning & Zoning - Salaries & Wages
63,81042,34118,899

140B& PHYSICALPlanning & Zoning - Other Direct
40,14460,69771,655

140CDEVELOPPlanning & Zoning - Construction





140D
Planning & Zoning - Purchase of P,P&E





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




127,876
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





146AHUMANHealth - Salaries & Wages





146BSERVICESHealth - 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





153ACULTURE Recreation & Parks - Salaries & Wages





153BRECREATIONRecreation & Parks - Other Direct
40,32068,98519,81619,74714,976
153C
Recreation & Parks - Construction





153D
Recreation & Parks - Purchase of P,P&E

13,850614,16729,47328,950
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
5,00010,00010,000
2,500
156C
Libraries - Construction





156D
Libraries - Purchase of P,P&E





157A
Cult. & Recr. All Other - Salaries & Wages





157B
Cult. & Recr. All Other - Other Direct
5,69515,1259,850
10,000
157C
Cult. & Recr. All Other - Construction





157D
Cult. & Recr. All Other - Purchase of P,P&E





158AUTILITYWater & Sewer - Salaries & Wages
407,094249,165357,869327,779
158B
Water & Sewer - Other Direct
964,2321,300,2021,285,6741,575,7101,342,196
158C
Water & Sewer - Construction
7,875,87012,835,9417,362,645

158D
Water & Sewer - Purchase of P,P&E
747,202245,235223,711507,407653,305
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





161.1C
Storm Water - Construction





161.1D
Storm Water - Purchase of P,P&E





161BDEBTWater & Sewer - Interest & Fees
380,064161,82623,63635,83834,327
161DSERVICEWater & Sewer - Principal
1,121,158413,270192,193213,323406,776
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
8,8299,2309,76512,9348,566
166D
All Other - Principal
86,950157,653176,334161,435117,878
167BPENSIONDirect Benefit Program - Other Direct





168BFRINGEFringe Benefits Unallocated





169B
Separation Allowance - Law Enforcement





170B
Separation Allowance - Other Employees





171B
Supplemental Retirement - Law Enforcement
38,49730,5357,74821,72320,302
172B
Fringe Benefits Other





173AINTERGOVMulti-Cnty Libr Dis,Cnty,Or Other - Recipient





173BEXPENDMulti-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.2,092,372.002,044,262.001,706,517.001,624,274.001,577,471.00
180.0
Current year's levy -- Motor vehicles (only).56,810.0058,102.0073,731.00107,534.00102,033.00
181.0PART 6Uncollected Taxes - Current Year's Levy Except Mot Veh.58,347.0086,697.0014,537.0018,884.0022,459.00
182.0OTHERUncollected Taxes - CY Levy -Motor Vehicles
8,6518,6419,61316,51115,599
183.0DATAPercentage of Taxes Collected - All Property %0.0096.8895.4798.6497.9697.73
184.0DATAPercentage of Taxes Collected - Exclude Motor Vehicles%0.0097.2195.7699.1598.8498.58
185.0
Percentage of Taxes Collected - Motor Vehicles %0.0084.7785.1386.9684.6584.71
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





189APART 7Cash On Hand & in Bank - Debt Service





189BCASH &Cash On Hand & in Bank - Construction Bond





189CINVESTCash On Hand & in Bank - All Other
7,879,3647,784,6279,295,6868,576,2516,643,692
190A PARTAppropriations Made During FY - B(1) - B(7)





190B 8Expenditures 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





194APART 9Amount - Total Revenues
16,803,87721,528,86213,609,4379,037,1798,123,869
194BFISCALAmount - Subtract Refunding Bond Proceeds





194CSUMMARYAmount - Subtract Interfund Transfers In
3,156,841434,550574,225429,350393,773
194D
Amount - Net Revenues
13,647,03621,094,31213,035,2128,607,8297,730,096


Calculated amount
13,647,03621,094,31213,035,2128,607,8297,730,096


Amounts in AGREEMENT??YesYesYesYesYesYes


Difference





195A
Amount - Total Expenditures
18,864,14620,204,47614,804,0827,060,3916,803,068
195B
Amount - Subtract Pymts. to Refunded Debt Agent





195C
Amount - Subtract Interfund Transfers Out
3,156,841434,550574,225429,350393,773
195D
Amount - Net Expenditures
15,707,30519,769,92614,229,8576,631,0416,409,295


Calculated amount
15,707,30519,769,92614,229,8576,631,0416,409,295


Amounts in AGREEMENT??YesYesYesYesYesYes


Difference














401APart 10Number of residential accounts billed Water



3,611
401BWater /Number of residential accounts billed Sewer



4,540
402ASewer Amount processed and/or purchased in units Water
2092078,075,200186,898
402BOperationsAmount processed and/or purchased in units Sewer
2482477,529,700304,139
403A
Total amount billed in units - Water
1561532,960156,534
403B
Total amount billed in units - Sewer
1351312,621145,063
404A
Of the total in 403A above how many units were Residential W
1031012,960111,940
404B
Of the total in 403B above how many units were Residential S



3,705
405A
Of the total in 403 above, how many units were Outside Muni W



4,379
405B
Of the total in 403 above, how many units were Outside Muni S



3,611
406A
Of the total in 405A above how many units were Residential W



2,899
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
780,611807,57870,794632,902
408A
Dollars related to 403A above
2,029,7682,013,720203,3971,845,805
408B
Dollars related to 403B above
653,444662,79849,749593,812
409A
Dollars related to 404A above
1,584,3211,515,984138,2781,613,251
409B
Dollars related to 404B above



39,096
410A
Dollars related to 405A above



289,547
410B
Dollars related to 405B above



38,477
411A
Dollars related to 406A above



68,477
411B
Dollars related to 406B above





412A
Dollars related to 407A above





412B
Dollars related to 407B above
3,0122,9732,667

421A
Number of residential accounts billed - Water
2,7182,6812,361

421B
Number of residential accounts billed - Sewer
325314293

422A
Number of non-residential & bulk accounts billed - Water
311308260

422B
Number of non-residential & bulk accounts billed - Sewer
22222
423A
Estimated percentage of accounts outside of municipal limits
































950.0
OfficialLee Carroll

951.0
TitleAccountant

952.0
Date





953.0
ContactLee Carroll

954.0
TitleAccountant

955.0
Phone2527282141




956.0
Fax2527287931




957.0
E-Mail:

















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


Town of Beaufort













201120102009200820072006








Population
4,0544,0483,9843,9754,0053,957
Population Group
No Electric 2,500 to 9,999 No Electric 2,500 to 9,999 No Electric 2,500 to 9,999 No Electric 2,500 to 9,999 No Electric 2,500 to 9,999 No Electric 2,500 to 9,999
Total Operating Revenues

2,843,0792,947,9522,981,9953,124,5162,271,884
Total Operating Revenues Per Capita

702740750780574
Group Weighted Average Revenues Per Capita17261244235242255
State Weighted Average Revenues Per Capita7272252255255249








% to Total Operating Revenues






Operating Expenses

56.75%60.15%62.58%67.32%67.17%
Group Weighted Average
82.20%92.72%91.41%92.91%90.03%86.35%
State Weighted Average
91.62%83.21%87.12%84.06%80.00%79.32%








Operating Margin

43.25%39.85%37.42%32.68%32.83%
Group Weighted Average
17.80%7.28%8.59%7.09%9.97%13.65%
State Weighted Average
8.38%16.79%12.88%15.94%20.00%20.68%








Operating Transfers In

0.00%0.00%2.84%0.00%0.00%
Group Weighted Average
21.89%1.69%1.70%1.04%1.49%1.56%
State Weighted Average
27.09%1.59%1.20%1.28%1.10%1.57%








Operating Transfers Out

0.00%0.00%2.84%0.00%0.00%
Group Weighted Average
67.66%3.09%9.31%3.10%2.59%1.83%
State Weighted Average
52.67%1.55%2.65%3.15%1.86%2.84%








Net Income before capital contributions

38.60%47.32%50.90%45.95%51.59%
Group Weighted Average
85.84%19.63%12.72%18.01%5.29%17.80%
State Weighted Average
643.66%15.82%-9.92%18.20%25.61%24.40%








Key Ratios and Cash Flow














Quick Ratio

1.022.371.957.575.02
Group Weighted Average
3.752.973.213.123.253.67
State Weighted Average
4.023.212.822.962.912.83








Days Sales in Receivables
8.060.3486.438.241.040.1
Group Weighted Average
3.459.463.654.755.355.7
State Weighted Average
1.257.958.556.761.659.8








Days Cash on Hand

462.7460.0790.2583.6508.3
Group Weighted Average
-50.1424.6493.9540.8562.2488.8
State Weighted Average
-16.4614.6560.8588.9647.0571.9








Cash flow from Operations

1,439,4901,607,7461,333,5801,163,594872,255








Debt to Equity

1.101.300.660.170.15
Group Weighted Average
0.380.310.300.250.260.25
State Weighted Average
0.220.590.540.540.550.55








Debt per Capita

4,6624,2041,530315236
Group Weighted Average
20384357309307288
State Weighted Average
8897783781761733








Capital Expenditures:
201120102009200820072006


$000000










2005200420032002



$822,55936,87878,536124,067









Capital Contributions: Excluded from income above
$03,152,3722,182,593100,00000
















Operating Statistics














Estimated population of the areas served Water00003,888NA
Estimated population of the areas served Sewer00004,540NA








Number of Gallons of Water Processed (000) omitted02092078,075,200186,898NA
Number of Gallons of Sewage Processed (000) omitted02482477,529,700304,139NA








Number of Gallons of Water Billed (000) omitted01561532,960156,534NA
Number of Gallons of Sewage Billed (000) omitted01351312,621145,063NA








Ratio of Water Billed to Water Processed
0.746410.739130.000370.83754NA
Ratio of Sewage Billed to Sewage Processed
0.544350.530360.000350.47696NA








Total Revenue from Water Sales00000NA
Total Revenue from Sewage Sales02,029,7682,013,720203,3971,845,805NA








Water Revenue per 1000 gallons of Sales




0.00000NA
Sewage Revenue per 1000 gallons of Sales




406.56498NA








Group Average Sales per thousand Gallons Water$0.00602$146.64376$40.01634$1,510.62899$1,842.80047NA
Group Average Sales per thousand Gallons Sewage$0.00883$94.75591$48.91229$1,673.88245$2,249.50353NA








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








Residential Water Sales per thousand Gallons$0.000006,344.116506,562.3564416.807095.30473NA
Residential Sewage Sales per thousand Gallons$0.0000017,801.3595517,425.1034552.7577315.85692NA








Water Sales per thousand Gallons outside Municipal Limits$0.00000


10.55223NA
Sewage Sales per thousand Gallons outside Municipal Limits$0.00000


66.12172NA








Total Water Sales per thousand gallons for Redistribution$0.000000.000000.000000.000000.00000NA
Total Sewage Sales per thousand gallons for Redistribution$0.000000.000000.000000.000000.00000NA



Financial Graphs and Comparisons


Go to top of page
Analysis of Available Fund Balance: General Fund

20062007200820092010
Unit's FBA %103.30%107.05%82.69%97.84%94.50%
Group average FBA %62.32%64.31%65.07%70.26%67.39%
State average Electric/Non Electric Group FBA %37.38%37.39%36.66%37.89%38.71%
State average FBA %36.96%36.54%62.32%37.03%37.47%






Municipal Population Group: No Electric 2,500 to 9,999

Go to top of page
Analysis of Property Tax

20062007200820092010
Municipality97.73%97.96%98.64%95.47%96.88%
Pop. Group96.72%96.70%95.81%95.41%95.40%
Statewide97.55%97.58%97.56%97.34%97.36%






Municipal Population Group: No Electric 2,500 to 9,999






Go to top of page
Analysis of General Obligation Debt

20072008200920102011
Municipality2513000
Pop. Group149152158107113
Statewide478456455449450






Municipal Population Group: 2,500 to 4,999






Go to top of page
Analysis of Revenue

20062007200820092010
Property Tax$422433449514534
Utility690832817821759
Sales Tax183216222143151
Sales & Services1441601428841
Intergovernmental121130209610578
Debt Proceeds191591,2582,812666
Other Miscellaneous375219182307593
Total$1,9542,1493,2795,2953,322

Go to top of page
Analysis of Revenue for Fiscal 2011











2010
2010
CategoryRevenue
Per Capita
Property Tax$2,161,460
$534
Water/Sewer72,060
18
Electric3,002,156
742
Other Utilities0
0
Sales Tax609,043
151
Sales & Services167,148
41
Intergovernment2,338,187
578
Debt Proceeds2,696,152
666
Miscellaneous2,401,598
593
Total$13,447,804
$3,322





Municipal Population Group: No Electric 2,500 to 9,999





Go to top of page
Analysis of Expenditures by Function for Fiscal 2011











2010
2010
CategoryExpenditures
Per Capita
General Government$709,474
$174
Water/Sewer5,695
1
Electric9,994,398
2,469
Other Utilities-5,695
-1
Debt Service1,597,001
395
Transportation827,881
205
Public Safety2,017,893
498
Other560,658
139
Total$15,707,305
$3,880





Municipal Population Group: No Electric 2,500 to 9,999





Go to top of page
Analysis of Expenditures by Object for Fiscal 2011






2010
2010
CategoryExpenditures
Per Capita
Salaries & Wages$2,686,753
$664
Water/Sewer Capital0
0
Electric Capital8,623,072
2,130
Other Capital10,931
3
Other Operating4,386,549
1,083
Total$15,707,305
$3,880





Municipal Population Group: No Electric 2,500 to 9,999





Last Updated 2/7/2012 2:11:16 PM