North Carolina
Department of State Treasurer
Financial Information
Town of Kill Devil Hills

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 Dare 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	$5,547,407	5,376,059	5,334,182	5,175,494	5,102,799	5,005,676
		Utility	3,263,813	3,067,440	3,004,985	3,125,681	3,006,796	3,544,010
		Sales Tax	1,675,213	1,641,254	1,698,855	1,808,517	1,843,856	1,715,824
		Sales & Services	129,805	129,838	133,356	109,554	68,708	91,494
		Intergovernmental	946,660	851,700	816,875	703,770	873,377	798,257
		Debt Proceeds	770,018	846,795	756,914	947,416	932,473	1,151,304
		Other Miscellaneous	3,265,645	3,126,684	2,951,950	3,772,372	6,157,033	11,931,710
		Total	$15,598,561	15,039,770	14,697,117	15,642,804	17,985,042	24,238,275

	Expenditures by Function
		Utility	$2,931,408	4,929,753	4,940,875	6,121,016	2,764,695	3,696,727
		Debt Service	653,365	743,363	937,212	1,028,166	3,183,690	2,781,327
		Transportation	780,016	882,134	1,392,870	1,708,299	1,864,747	1,502,911
		General Government	2,838,157	3,134,469	2,977,664	3,296,030	4,449,521	6,385,879
		Public Safety	5,474,026	5,185,254	4,612,086	4,744,917	4,673,807	4,384,036
		Other	2,137,538	2,214,240	2,266,346	2,701,882	2,345,627	2,499,544
		Total	$14,814,510	17,089,213	17,127,053	19,600,310	19,282,087	21,250,424

	Expenditures by Object
		Salaries & Wages	$7,867,261	8,037,449	7,910,487	7,678,215	7,006,744	6,451,245
		Capital Outlay	1,332,872	3,103,474	3,314,980	5,959,707	3,998,128	7,608,070
		Other Operating + Debt Service	5,614,377	5,948,290	5,901,586	5,962,388	8,277,215	7,191,109
		Total	$14,814,510	17,089,213	17,127,053	19,600,310	19,282,087	21,250,424


	Per Capita Revenues by Source
		Property Tax	$831	782	784	759	744	740
		Utility	489	446	442	458	439	524
		Sales Tax	252	239	250	265	269	255
		Sales & Services	19	19	20	16	10	14
		Intergovernmental	142	124	120	103	127	118
		Debt Proceeds	115	123	111	139	136	170
		Other Miscellaneous	489	455	434	553	898	1,765
		Total	$2,337	2,188	2,161	2,293	2,623	3,586

	Per Capita Expenditures by Function
		Utility	$439	717	727	897	403	547
		Debt Service	98	108	138	151	464	411
		Transportation	117	128	205	250	272	222
		General Government	425	457	438	484	649	945
		Public Safety	820	754	678	696	682	649
		Other	320	322	333	396	342	370
		Total	$2,219	2,486	2,519	2,874	2,812	3,144

	Per Capita Expenditures by Object
		Salaries & Wages	$1,178	1,169	1,163	1,126	1,022	954
		Capital Outlay	200	451	487	874	583	1,125
		Other Operating	841	866	869	874	1,207	1,065
		Total	$2,219	2,486	2,519	2,874	2,812	3,144

	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
		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 Kill Devil Hills Population	6,676	6,875	6,800	6,821	6,856	6,760
	Group Average Per Capita Revenues by Source
		Property Tax	352	342	346	336	310	306
		Utility	539	323	315	313	317	332
		Sales Tax	125	125	144	160	159	152
		Sales & Services	144	85	82	78	76	71
		Intergovernmental	251	198	179	175	172	159
		Debt Proceeds	107	53	152	111	24	28
		Other Miscellaneous	144	120	157	179	229	189
		Total	1,662	1,246	1,375	1,352	1,287	1,237

	Group Average Per Capita Expenditures by Function
		Utility	423	419	414	370	332	305
		Debt Service	79	103	100	102	96	98
		Transportation	89	95	95	110	111	112
		General Government	167	179	185	169	159	156
		Public Safety	303	323	318	318	310	280
		Other	240	220	219	230	235	209
		Total	1,301	1,339	1,331	1,299	1,243	1,160

	Group Average Per Capita Expenditures by Object
		Salaries & Wages	450	431	429	414	405	390
		Capital Outlay	226	325	317	279	252	205
		Other Operating	624	583	585	606	584	564
		Total	1,300	1,339	1,331	1,299	1,241	1,159


General Fund Go to top of page			2011	2010	2009	2008	2007	2006
	General Fund revenues		$11,634,987	11,195,581	11,269,592	11,505,039	11,787,917	11,478,892
	General Fund expenditures		11,880,289	12,065,078	12,077,613	12,923,944	12,961,471	15,833,195
	Operating transfers in		-	696,556	438,231	-	-	290,311
	Operating transfers out		-	-	-	867,604	2,203,484	-
	Capital leases and installment purchase proceeds		567,696	559,212	141,988	456,294	884,429	2,845,910
	Other items		24,569	12,417	28,930	37,688	1,836,548	2,440,000
	Excess of revenues and other sources over (under) expenditures and other uses		346,963	398,688	(198,872)	(1,792,527)	(656,061)	1,221,918

	Fund balance available (FBA):
		In dollars	$0	5,634,762	5,475,366	5,558,240	6,848,344	7,678,053
		FBA as a % of GF Net Expenditures:
		Unit's FBA %	0.00	48.97	45.87	41.68	47.96	59.12
		Group weighted average FBA %	104.97	67.39	70.26	65.07	64.31	62.32
		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
	Water/Sewer

	Combined financial results:
		Working capital	$3,905,751	3,531,623	5,277,352	7,053,351	9,637,766	8,940,094
		Quick ratio	6.21	5.75	6.08	5.68	15.22	14.81
		Net income	(421,266)	(743,229)	(369,504)	257,723	259,524	1,257,748
		Cashflow from operations	331,789	417,197	449,964	347,768	284,841	(708,721)
		Depreciation & Amortization Expense	871,037	764,752	741,689	543,611	537,986	375,734



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

		Population at July 1st of the Previous Year	6,676	6,875	6,800	6,821	6,856	6,760
		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
		Cash &Investments	$10,110,585	$11,453,274	$13,005,387	$14,747,124	$18,089,719	$19,300,840
		Investment Earnings	166,479	246,813	398,325	792,379	1,031,914	742,797
		Tax Rate Equivalent	0.0062	0.0093	0.0152	0.0304	0.0405	0.0302
		Tax Rate Equivalent Group weighted average	0.0027	0.0055	0.0130	0.0294	0.0437	0.0322
		Tax Rate Equivalent Statewide weighted average	0.0156	0.0247	0.0133	0.0524	0.0920	0.0573
		Latest year of Revaluation	2005	2005	2005	2005	2005	2005
		January 1, Prior Year Assessed Valuation	$2,670,662,456	2,653,933,629	2,627,796,337	2,604,617,207	2,547,401,001	2,462,366,598
		Tax Rate	0.2050	0.2050	0.2050	0.2000	0.2000	0.2000
		Tax Rate Group weighted average	0.2778	0.2552	0.2697	0.2669	0.3116	0.3191
		Tax Rate State Wide	0.4122	0.4090	0.4262	0.4238	0.4450	0.4321
		Assessment -to-Sales Ratio	118.73	112.83	92.46	83.08	82.84	98.94
		Assessment -to-Sales Ratio Group weighted average	102.19	102.84	92.17	90.92	83.51	91.52
		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	$2,249,357,750	2,352,152,467	2,842,089,917	3,135,071,265	3,075,085,709	2,488,747,320
		EffectiveTax Rate	0.2434	0.2313	0.1895	0.1662	0.1657	0.1979
		Group weighted average Effective Tax Rate	0.2838	0.2624	0.2486	0.2427	0.2602	0.2921
		Statewide weighted average Effective Tax Rate	0.4183	0.4020	0.3870	0.3752	0.3934	0.3987
		Percent Collected	98.5500	97.7000	98.1100	98.8000	99.3800	99.1900
		Percent Collected Group weighted average	96.58	95.40	95.41	95.81	96.70	96.72
		Percent Collected Statewide	97.59	97.36	97.34	97.56	97.58	97.55
		Percent Collected Excluding Motor Vehicles	98.78	97.96	98.38	99.10	99.70	99.57
		Percent Collected Excluding Motor Vehicles Group weighted average	97.33	97.43	97.55	98.06	97.99	98.08
		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	87.12	85.16	86.93	87.59	87.90	88.22
		Percent Collected Motor Vehicles Only Group weighted average	85.29	85.60	85.23	85.75	86.04	86.22
		Percent Collected Motor Vehicles Only Statewide weighted average	87.28	86.34	86.55	86.74	86.71	86.80
		Tax Uncollected	174,194	218,725	213,348	182,061	150,579	190,010
		Tax Rate Equivalent	0.0065	0.0082	0.0081	0.0070	0.0059	0.0077
		Dominant County: Dare
	Debt Information
		Population Group	5,000 to 9,999	5,000 to 9,999	5,000 to 9,999	5,000 to 9,999	5,000 to 9,999	5,000 to 9,999
		Ratings:
		Fitch
		Moody's
		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	0	0	0
		General Government GO Debt	0	0	0	0	0	0
		Total General Obligation Debt	0	0	0	0	0	0
		Per Capita	$0	0	0	0	0	0
		Total Per Capita for the Population Group	79	89	69	71	93	117
		Total Per Capita Statewide	450	449	455	456	478	495
		Total per Assessed Valuation Adjusted for Current Year Sales	0.0000%	0.0000%	0.0000%	0.0000%	0.0000%	0.0000%
		Total per Assessed Valuation Adjusted for Current Year Sales- Group Average	0.0680%	0.0786%	0.0531%	0.0577%	0.0861%	0.1199%
		Total per Assessed Valuation Adjusted for Current Year Sales - Statewide	0.4280%	0.4134%	0.3909%	0.4132%	0.4706%	0.5275%
		Total Authorized but not Issued General Obligation Debt

		Installment Sales Purchases and Lease Obligations
		--Enterprise	$0	0	0	0	0	0
		--General Government	2,150,010	2,388,900	2,627,790	2,866,680	3,105,570	3,344,460
		Total*	$2,150,010	2,388,900	2,627,790	2,866,680	3,105,570	3,344,460
		* The total only includes the contracts that require Local Government Commission approval.
		Revenue Bond Debt	$53,448	56,261	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		6,676	6,875	6,800	6,821	6,856	6,760

1.5A	FISCAL	Governmental Activities Assets	9,906,821	9,565,813	9,157,158	9,111,652	10,225,808	11,942,021
1.5B	SUMMARY	Governmental Activities Liabilities	642,493	719,507	609,162	442,797	554,099	639,296
3.5A		Business Type Activities Assets	17,409,058	18,568,630	19,481,436	19,533,054	18,445,227	18,136,345
3.5B		Business Type Activities Liabilties	1,012,785	1,751,091	1,920,668	1,602,782	772,678	723,320
6.5A		Fiduciary Funds Assets	301,860	287,370	276,895	316,814	353,646
6.5B		Fiduciary Funds Liabilties	287,074	275,326	259,530	234,078	225,658
10.0	PART 2	Current Collections of Unit -Wide Levy	5,410,837	5,315,580	5,273,936	5,149,612	5,065,505	4,956,986
11.0	TAX	Current Collections of Special Tax Districts
12.0	REVENUES	Prior Years' Levy Collections	119,163	43,319	43,411	14,517	20,961	30,019
13.0		Penalties and Interest	17,407	17,160	16,835	11,365	16,333	18,671
14.0		Collections of Taxes Previously Written Off
15.0		Animal Tax
15.1		Solid Waste Disposal Tax	4,602	4,722	2,053
16.0		1% Local Government Option Sales Tax	1,012,005	1,058,296	1,016,329	988,389	1,003,097	971,961
17.0		1/2% Local Government Option Sales Tax (40)	206,814	205,097	220,004	246,059	252,803	213,606
18.0		1/2% Local Government Option Sales Tax (42)	455,901	251,624	212,067	238,881	245,715	207,518
18.5		1/2% Local Government Option Sales Tax (44)	493	126,237	250,455	335,188	342,241	322,739
19.0		Privilege Licenses	37,333	35,380	37,317	37,580	38,300	38,829
19.2		Privilege -- All other privileges and pemits
20.0		Auto Licenses
21.0		Vehicle Tax for Public Transportation
22.0		Other Licenses
23.0		Local Occupancy Tax	2,208,047	2,071,521	2,099,149	2,123,715	2,003,400	1,664,929
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.			52,028
29.0	REVENUES	General Government	65,283
30.0		Public Safety	208,436	40,403	939
31.0		Transportation - Streets
32.0		Transportation - All Other
33.0		Environmental Protection
34.0		Econ. & Phys. Dev. - Housing/Comm. Dev.
35.0		Econ. & Phys. Dev. - All Other
36.0		Human Services: Health, Mental Hlt & Hosp
37.0		Human Services: All Other
38.0		Culture & Recreation
39.0	STATE	Payments In Lieu of Taxes - State
40.0	INTERGOV	Unauthorized Substance Tax	5,927	3,337	6,699	2,454	5,247	9,592
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	2,543	2,295	1,848	1,628
44.0		Utility Franchise Tax	359,988	363,721	325,929	326,617	356,751	376,285
45.0		Beer and Wine Tax	30,301	9,699	30,633	31,581	30,547	29,209
46.0		Powell Bill	230,330	227,731	257,718	289,492	257,732	258,113
50.0		Court Fees - Facilities and Arrest Fees	5,430	5,763	3,915	4,755	10,374	12,786
51.0		General Government			50,000	24,675
52.0		Public Safety		168,090			24,375	34,772
53.0		Transportation - Streets
54.0		Transportation - All Other
55.0		Environmental Protection	14,984			22,568
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
61.0	LOCAL	Payments in Lieu of Taxes - Local
62.0	INTERGOV	General Government	23,438	24,000	24,325		188,351	77,500
63.0	REVENUES	Public Safety
64.0		Transportation - Streets
65.0		Transportation - All Other		6,661	62,841
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	129,854	136,203	165,419	220,819	230,162	429,292
72.0	& FEES	Inspection Fees	83,127	23,227	26,640	48,148	77,977	129,149
72.1		Amusements licensing and permit taxes	2,460	2,500	2,545	2,565	2,545	2,200
73.0		Other Permits	25,909	24,006	26,618	2,900	4,750	7,350
74.0	SALES &	Parking Revenues	1,895	2,000	2,825	4,485	5,976	10,079
75.0	SERVICES	Rents and Royalties	72,295	66,288	64,119	62,303	17,741	24,340
76.0		Airport
77.0		Fire Protection Charges
78.0		Solid Waste	29,706	37,544	39,794	39,866	40,241	49,725
79.0		Ambulance and Rescue Squad Charges
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	9,177	9,051	7,576	5,680	8,403	7,678
86.0	UTILITY	Water and Sewer Charges	3,254,636	3,058,389	2,997,409	3,120,001	2,998,393	3,536,332
87.0	REVENUES	Electric Charges
88.0		Gas Charges
88.1		Storm Water Fees
89.0	MISC.	Investment Earnings - Bond Proceeds
90.0	REVENUES	Investment Earnings - All Other Funds	166,479	246,813	398,325	792,379	1,031,914	742,797
91.0		Special Assessments
92.0		Private Contributions and Donations	1,100		200	500	500	2,000
93.0		Sales of Materials and Fixed Assets				37,688
94.0		Sale of Real Property	24,569	12,417	28,930		1,836,548	2,440,000
95.0		Nongovt Contr For Streets & Traffic Signals
96.0		ABC Mixed Drink Surcharge	34,137	29,668	35,662	38,077	36,893	39,804
97.0		ABC Profit Distribution	10,843	9,743	15,775	14,607	14,365	13,450
98.0		Other Miscellaneous Revenues	770,018	846,795	756,914	947,416	932,473	1,151,304
99.0		Proceeds of Sale of Bonds and Notes
100.0		Proceeds of Capital Leases/Install Purchases	567,696	559,212	141,988	456,294	884,429	6,429,260
101.0		Other		657,697	528,572	356,923	363,705	290,311
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	5,062	5,355	5,588	16,028	7,649	20,749
106.0		Deposits Other than Utility	-3,482	4,444
107.0		Prepaid Taxes	-632	-566
108.0		Prepaid Privilege Licenses	1,516	-2,618	4,204	24,568	27,907	30,442
109A	PART 4	Governing Body - Salaries & Wages
109B	GENERAL	Governing Body - Other Direct	43,656	44,952	39,763	38,190	35,910	30,600
109C	GOVT	Governing Body - Construction
109D		Governing Body - Purchase of P,P&E
110A		Administration - Salaries & Wages	415,832	520,081	505,959	482,876	454,511	406,925
110B		Administration - Other Direct	155,765	205,185	264,262	225,093	241,136	225,115
110C		Administration - Construction
110D		Administration - Purchase of P,P&E						13,119
111A		Elections - Salaries & Wages
111B		Elections - Other Direct		4,514				2,483
111C		Elections - Construction
111D		Elections - Purchase of P,P&E
112A		Finance - Salaries & Wages	465,523	590,494	575,772	563,405	502,871	464,613
112B		Finance - Other Direct	682,136	614,025	631,355	558,020	517,527	468,026
112C		Finance - Construction
112D		Finance - Purchase of P,P&E					15,361	5,850
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	69,174	88,539	97,433	97,320	184,283	26,173
114C		Legal - Construction
114D		Legal - Purchase of P,P&E
115A		Public Buildings - Salaries & Wages	224,839	264,421	258,889	241,058	216,601	177,662
115B		Public Buildings - Other Direct	223,125	234,864	228,510	263,398	291,798	256,030
115C		Public Buildings - Construction	293,383	192,002	108,565	498,231	1,093,413	1,735,847
115D		Public Buildings - Purchase of P,P&E	61,813	137,008	29,226	92,656	677,815	2,375,504
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	190,596	225,572	223,786	215,160	194,643	172,252
118B		Gen. Govt. All Other - Other Direct	12,315	12,812	14,144	20,623	23,652	25,680
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	2,129,370	1,943,724	1,863,008	1,909,896	1,741,728	1,572,594
119B	SAFETY	Police & Comm - Traffic Control - Other Direct	255,104	163,047	149,735	161,826	208,293	253,448
119C		Police & Comm - Traffic Control - Construction
119D		Police & Comm - Traffic Control - Purchase of P,P&E	201,244	218,094	102,718	137,822	138,144	263,775
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	1,542,798	1,465,602	1,510,456	1,384,377	1,272,694	1,169,656
122B		Fire - Other Direct	195,878	213,376	250,489	276,591	303,741	305,865
122C		Fire - Construction
122D		Fire - Purchase of P,P&E	285,787	371,607		90,031	270,562	66,166
123A		Inspectors - Salaries & Wages
123B		Inspectors - Other Direct
123C		Inspectors - Construction
123D		Inspectors - Purchase of P,P&E
124A		Rescue Units - Salaries & Wages	467,345	456,838	440,176
124B		Rescue Units - Other Direct	59,155	58,058	57,961
124C		Rescue Units - Construction
124D		Rescue Units - Purchase of P,P&E	31,834		7,578
125A		Animal Control - Salaries & Wages	116,121	119,038	118,153	112,369	103,366	92,601
125B		Animal Control - Other Direct	11,103	11,335	11,272	13,325	15,805	16,396
125C		Animal Control - Construction
125D		Animal Control - Purchase of P,P&E					26,938	22,211
126A		Pub. Safety All Other - Salaries & Wages				444,441	414,276	420,541
126B		Pub. Safety All Other - Other Direct				75,586	79,094	70,308
126C		Pub. Safety All Other - Construction
126D		Pub. Safety All Other - Purchase of P,P&E				34,112		34,978
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	262,189	302,455	286,080	276,610	256,476	227,041
128B		Streets and Highways - Other Direct	190,418	264,146	217,087	185,999	161,579	165,807
128C		Streets and Highways - Construction	231,033	157,199	633,181	942,417	884,215	696,017
128D		Streets and Highways - Purchase of P,P&E	8,541				303,310	119,796
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	15,726	17,747	16,436	18,473	18,924	19,570
130C		Powell Bill - Construction	72,109	140,587	240,086	284,800	240,243	274,680
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	628,749	634,428	637,770	608,800	555,933	511,384
136B	MENTAL	Solid Waste - Other Direct	903,995	875,026	886,200	924,069	901,838	839,280
136C	PROTECTION	Solid Waste - Construction
136D		Solid Waste - Purchase of P,P&E	12,993		46,314	475,522	195,559	543,318
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
140A	ECONOMIC	Planning & Zoning - Salaries & Wages	535,352	646,422	633,015	604,113	549,409	528,062
140B	& PHYSICAL	Planning & Zoning - Other Direct	56,449	58,364	63,047	89,378	109,395	77,500
140C	DEVELOP	Planning & Zoning - Construction
140D		Planning & Zoning - Purchase of P,P&E					33,493
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
153B	RECREATION	Recreation & Parks - Other Direct
153C		Recreation & Parks - Construction
153D		Recreation & Parks - Purchase of P,P&E
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	888,547	868,374	857,423	835,110	744,236	707,914
158B		Water & Sewer - Other Direct	1,908,726	2,174,402	1,936,140	1,881,790	1,901,384	1,532,004
158C		Water & Sewer - Construction	40,440	1,766,806	2,147,312	3,380,866		1,327,155
158D		Water & Sewer - Purchase of P,P&E	93,695	120,171		23,250	119,075	129,654
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
161B	DEBT	Water & Sewer - Interest & Fees	2,813
161D	SERVICE	Water & Sewer - Principal
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	650,552	743,363	118,522	137,800	198,012	164,105
166D		All Other - Principal			818,690	890,366	2,985,678	2,617,222
167B	PENSION	Direct Benefit Program - Other Direct
168B	FRINGE	Fringe Benefits Unallocated
169B		Separation Allowance - Law Enforcement	108,381	97,620	37,000	37,000	36,000	36,000
170B		Separation Allowance - Other Employees
171B		Supplemental Retirement - Law Enforcement	69,906	66,915	63,540	67,541	63,166	59,497
172B		Fringe Benefits Other
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	5,371,500.	5,319,949.00	5,251,074.00	5,067,907.00	4,950,574.00	4,808,930.00
180.0		Current year's levy -- Motor vehicles (only)	108,491.	110,110.00	128,506.00	136,403.00	135,600.00	169,503.00
181.0	PART 6	Uncollected Taxes - Current Year's Levy Except Mot Veh	65,703.	108,615.00	84,842.00	45,658.00	14,979.00	20,507.00
182.0	OTHER	Uncollected Taxes - CY Levy -Motor Vehicles	13,974	16,335	16,792	16,927	16,404	19,968
183.0	DATA	Percentage of Taxes Collected - All Property %	98.55	97.70	98.11	98.80	99.38	99.19
184.0	DATA	Percentage of Taxes Collected - Exclude Motor Vehicles%	98.78	97.96	98.38	99.10	99.70	99.57
185.0		Percentage of Taxes Collected - Motor Vehicles %	87.12	85.16	86.93	87.59	87.90	88.22
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	10,110,585	11,453,274	13,005,387	14,747,124	18,089,719	19,300,840
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	15,603,163	15,702,189	15,227,742	15,999,727	18,348,747	24,528,586
194B	FISCAL	Amount - Subtract Refunding Bond Proceeds
194C	SUMMARY	Amount - Subtract Interfund Transfers In
194D		Amount - Net Revenues	15,603,163	15,702,189	15,227,742	15,999,727	18,348,747	24,528,586
		Calculated amount	15,603,163	15,702,189	15,227,742	15,999,727	18,348,747	24,528,586
		Amounts in AGREEMENT??	Yes	Yes	Yes	Yes	Yes	Yes
		Difference
195A		Amount - Total Expenditures	14,814,510	17,089,213	17,127,053	19,600,310	19,282,087	21,250,424
195B		Amount - Subtract Pymts. to Refunded Debt Agent
195C		Amount - Subtract Interfund Transfers Out
195D		Amount - Net Expenditures	14,814,510	17,089,213	17,127,053	19,600,310	19,282,087	21,250,424
		Calculated amount	14,814,510	17,089,213	17,127,053	19,600,310	19,282,087	21,250,424
		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	445	451	443	475,223
402B	Operations	Amount processed and/or purchased in units Sewer	12	17	11	10,385
403A		Total amount billed in units - Water	301	371	362	357,120
403B		Total amount billed in units - Sewer	11	11	11	10,385
404A		Of the total in 403A above how many units were Residential W	284	350	342	337,144
404B		Of the total in 403B above how many units were Residential S
405A		Of the total in 403 above, how many units were Outside Muni W
405B		Of the total in 403 above, how many units were Outside Muni S
406A		Of the total in 405A above how many units were Residential W
406B		Of the total in 405B above how many units were Residential S
407A		Of the total in 403A, how many units were sold for redistribution
407B		Of the total in 403B how many unit were delivered in bulk	2,842,116	3,227,183	2,966,492	2,928,397
408A		Dollars related to 403A above	154,990	164,759	187,008	182,645
408B		Dollars related to 403B above	2,684,324	3,048,043	2,801,851	2,764,595
409A		Dollars related to 404A above	144,272	153,181	173,427	169,154
409B		Dollars related to 404B above
410A		Dollars related to 405A above
410B		Dollars related to 405B above
411A		Dollars related to 406A above
411B		Dollars related to 406B above
412A		Dollars related to 407A above
412B		Dollars related to 407B above	5,750	5,734	5,701	5,654
421A		Number of residential accounts billed - Water	175	172	166	163
421B		Number of residential accounts billed - Sewer	338	337	335	335
422A		Number of non-residential & bulk accounts billed - Water	13	13	13	13
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	Beverly Brooks
951.0		Title	Finance Director
952.0		Date	01/09/2012	12/13/2010	12/29/2009	12/02/2008	12/31/2007	11/28/2006
953.0		Contact	Amy Miller
954.0		Title	Assistant Finance Director
955.0		Phone	252-449-5338
956.0		Fax	252-480-4074
957.0		E-Mail:

Go to top of page Key Ratios and Operations Statistics of Water and Sewer Systems for
Town of Kill Devil Hills

	2011	2010	2009	2008	2007	2006

Population	6,676	6,875	6,800	6,821	6,856	6,760
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	$0	2,838,968	2,706,069	2,647,709	2,559,413	2,543,352
Total Operating Revenues Per Capita	$0	413	398	388	373	376
Group Weighted Average Revenues Per Capita	17	261	244	235	242	255
State Weighted Average Revenues Per Capita	7	272	252	255	255	249

% to Total Operating Revenues
Operating Expenses	0.00%	111.73%	109.20%	108.46%	109.52%	91.58%
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	0.00%	-11.73%	-9.20%	-8.46%	-9.52%	8.42%
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%	0.00%	0.00%	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%	24.62%	20.90%	14.88%	15.62%	11.41%
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	0.00%	-33.91%	-24.42%	-8.10%	-7.01%	10.41%
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	6.21	5.75	6.08	5.68	15.22	14.81
Group Weighted Average	3.75	2.97	3.21	3.12	3.25	3.67
State Weighted Average	4.02	3.21	2.82	2.96	2.91	2.83

Days Sales in Receivables	8.0	97.7	88.3	86.4	85.8	82.3
Group Weighted Average	3.4	59.4	63.6	54.7	55.3	55.7
State Weighted Average	1.2	57.9	58.5	56.7	61.6	59.8

Days Cash on Hand	0.0	507.0	899.4	1,099.9	1,536.0	1,661.4
Group Weighted Average	-50.1	424.6	493.9	540.8	562.2	488.8
State Weighted Average	-16.4	614.6	560.8	588.9	647.0	571.9

Cash flow from Operations	$331,789	417,197	449,964	347,768	284,841	-708,721

Debt to Equity	0.00	0.00	0.01	0.00	0.00	0.00
Group Weighted Average	0.38	0.31	0.30	0.25	0.26	0.25
State Weighted Average	0.22	0.59	0.54	0.54	0.55	0.55

Debt per Capita	0	8	16	0	0	0
Group Weighted Average	20	384	357	309	307	288
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
	$419,471	817,275	211,959	127,418

Capital Contributions: Excluded from income above	$149,060	219,421	291,340	472,292	438,980	992,980


Operating Statistics

Estimated population of the areas served Water	0	0	0	0	0	NA
Estimated population of the areas served Sewer	0	0	0	0	0	NA

Number of Gallons of Water Processed (000) omitted	445	451	443	475,223	0	NA
Number of Gallons of Sewage Processed (000) omitted	12	17	11	10,385	0	NA

Number of Gallons of Water Billed (000) omitted	301	371	362	357,120	0	NA
Number of Gallons of Sewage Billed (000) omitted	11	11	11	10,385	0	NA

Ratio of Water Billed to Water Processed	0.67542	0.82270	0.81583	0.75148		NA
Ratio of Sewage Billed to Sewage Processed	0.89741	0.69124	1.03383	1.00000		NA

Total Revenue from Water Sales	2,842,116	3,227,183	2,966,492	2,928,397	0	NA
Total Revenue from Sewage Sales	154,990	164,759	187,008	182,645	0	NA

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

Group Average Sales per thousand Gallons Water	$0.00602	$146.64376	$40.01634	$1,510.62899	$1,842.80047	NA
Group Average Sales per thousand Gallons Sewage	$0.00883	$94.75591	$48.91229	$1,673.88245	$2,249.50353	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	$9,445.85875	8,699.99429	8,199.97951	8.20004		NA
Residential Sewage Sales per thousand Gallons	$14,398.43313	14,396.71053	17,002.64706	17.58723		NA

Water Sales per thousand Gallons outside Municipal Limits						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

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Analysis of Available Fund Balance: General Fund

	2007	2008	2009	2010	2011
Unit's FBA %	47.96%	41.68%	45.87%	48.97%	0.00%
Group average FBA %	64.31%	65.07%	70.26%	67.39%	104.97%
State average Electric/Non Electric Group FBA %	37.39%	36.66%	37.89%	38.71%	26.68%
State average FBA %	36.54%	36.35%	64.31%	37.47%	29.01%

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

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2007 2008 2009 2010 2011

Municipality 99.38% 98.80% 98.11% 97.70% 98.55%

Pop. Group 96.70% 95.81% 95.41% 95.40% 96.58%

Statewide 97.58% 97.56% 97.34% 97.36% 97.59%

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

	2007	2008	2009	2010	2011
Municipality	99.38%	98.80%	98.11%	97.70%	98.55%
Pop. Group	96.70%	95.81%	95.41%	95.40%	96.58%
Statewide	97.58%	97.56%	97.34%	97.36%	97.59%

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

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2007 2008 2009 2010 2011

Municipality 0 0 0 0 0

Pop. Group 93 71 69 89 79

Statewide 478 456 455 449 450

Municipal Population Group: 5,000 to 9,999

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

Municipal Population Group: 5,000 to 9,999

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2007 2008 2009 2010 2011

Property Tax $744 759 784 782 831

Utility 439 458 442 446 489

Sales Tax 269 265 250 239 252

Sales & Services 10 16 20 19 19

Intergovernmental 127 103 120 124 142

Debt Proceeds 136 139 111 123 115

Other Miscellaneous 898 553 434 455 489

Total $2,623 2,293 2,161 2,188 2,337

	2007	2008	2009	2010	2011
Property Tax	$744	759	784	782	831
Utility	439	458	442	446	489
Sales Tax	269	265	250	239	252
Sales & Services	10	16	20	19	19
Intergovernmental	127	103	120	124	142
Debt Proceeds	136	139	111	123	115
Other Miscellaneous	898	553	434	455	489
Total	$2,623	2,293	2,161	2,188	2,337

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2011
2011

Category Revenue
Per Capita

Property Tax $5,547,407
$831

Water/Sewer 9,177
1

Electric 3,254,636
488

Other Utilities 0
0

Sales Tax 1,675,213
252

Sales & Services 129,805
19

Intergovernment 946,660
142

Debt Proceeds 770,018
115

Miscellaneous 3,265,645
489

Total $15,598,561
$2,337

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

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2011
2011

Category Expenditures
Per Capita

General Government $2,838,157
$425

Water/Sewer 0
0

Electric 2,931,408
439

Other Utilities 0
0

Debt Service 653,365
98

Transportation 780,016
117

Public Safety 5,474,026
820

Other 2,137,538
320

Total $14,814,510
$2,219

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

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2011
2011

Category Expenditures
Per Capita

Salaries & Wages $7,867,261
$1,178

Water/Sewer Capital 0
0

Electric Capital 134,135
20

Other Capital 1,198,737
180

Other Operating 5,614,377
841

Total $14,814,510
$2,219

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

Last Updated 2/7/2012 2:26:52 PM



	2011	2011
Category	Revenue	Per Capita
Property Tax	$5,547,407	$831
Water/Sewer	9,177	1
Electric	3,254,636	488
Other Utilities	0	0
Sales Tax	1,675,213	252
Sales & Services	129,805	19
Intergovernment	946,660	142
Debt Proceeds	770,018	115
Miscellaneous	3,265,645	489
Total	$15,598,561	$2,337

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

North CarolinaDepartment of State TreasurerFinancial InformationTown of Kill Devil Hills

Financial Graphs and Comparisons

North Carolina
Department of State Treasurer
Financial Information
Town of Kill Devil Hills