North Carolina
Department of State Treasurer
Financial Information
Town of Kure 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

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

Municipality Revenues and Expenditures Financial Profile Go to top of page			2011	2010	2009	2008	2007	2006
	Revenues by Source
		Property Tax	$1,592,182	1,612,834	1,563,831	1,609,749	1,229,177	1,164,014
		Utility	1,811,888	1,591,176	1,506,393	1,704,728	1,285,622	1,533,887
		Sales Tax	422,614	422,814	543,424	484,764	477,265	440,648
		Sales & Services	382,096	457,729	384,430	248,588	251,894	163,331
		Intergovernmental	341,688	1,582,404	1,052,977	251,260	301,099	335,551
		Debt Proceeds	23,625	-	81,870	41,983	32,201	147,213
		Other Miscellaneous	516,667	665,690	151,256	4,450,559	850,422	314,765
		Total	$5,090,760	6,332,647	5,284,181	8,791,631	4,427,680	4,099,409

	Expenditures by Function
		Utility	$1,300,259	1,744,965	1,299,884	1,979,895	3,291,583	1,637,495
		Debt Service	465,199	1,443,008	1,566,093	1,038,719	261,466	238,211
		Transportation	78,489	26,814	51,320	15,417	164,440	6,546
		General Government	450,487	498,704	400,744	570,110	530,995	360,134
		Public Safety	1,422,024	1,320,005	1,294,724	1,269,723	1,158,146	1,049,585
		Other	1,034,772	966,141	1,046,945	5,028,465	1,149,891	637,284
		Total	$4,751,230	5,999,637	5,659,710	9,902,329	6,556,521	3,929,255

	Expenditures by Object
		Salaries & Wages	$2,109,389	2,005,090	2,153,716	1,941,186	1,576,943	1,612,854
		Capital Outlay	464,916	826,865	456,828	5,067,260	2,115,891	674,110
		Other Operating + Debt Service	2,176,925	3,167,682	3,049,166	2,893,883	2,863,687	1,642,291
		Total	$4,751,230	5,999,637	5,659,710	9,902,329	6,556,521	3,929,255


	Per Capita Revenues by Source
		Property Tax	$788	723	711	745	600	593
		Utility	897	714	685	789	628	781
		Sales Tax	209	189	246	226	233	224
		Sales & Services	189	205	175	115	123	83
		Intergovernmental	169	710	479	116	147	171
		Debt Proceeds	12	-	37	19	16	75
		Other Miscellaneous	256	299	69	2,060	415	160
		Total	$2,520	2,840	2,402	4,070	2,162	2,087

	Per Capita Expenditures by Function
		Utility	$644	782	591	917	1,607	834
		Debt Service	230	647	712	481	128	121
		Transportation	39	12	23	7	80	3
		General Government	223	224	182	263	259	185
		Public Safety	704	592	589	588	566	534
		Other	512	433	476	2,328	561	324
		Total	$2,352	2,690	2,573	4,584	3,201	2,001

	Per Capita Expenditures by Object
		Salaries & Wages	$1,044	899	979	899	770	821
		Capital Outlay	230	371	208	2,346	1,033	343
		Other Operating	1,078	1,420	1,386	1,339	1,398	837
		Total	$2,352	2,690	2,573	4,584	3,201	2,001

	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	112	96	100	101	101	103
		Average Population In Group	1,623	1,660	1,652	1,661	1,642	1,638
		Town of Kure Beach Population	2,020	2,230	2,200	2,160	2,048	1,964
	Group Average Per Capita Revenues by Source
		Property Tax	440	414	422	406	369	348
		Utility	553	435	436	423	430	399
		Sales Tax	158	153	178	201	195	180
		Sales & Services	105	82	76	80	77	71
		Intergovernmental	277	233	228	217	220	243
		Debt Proceeds	35	39	33	46	38	46
		Other Miscellaneous	106	129	162	261	203	273
		Total	1,674	1,485	1,535	1,634	1,532	1,560

	Group Average Per Capita Expenditures by Function
		Utility	556	499	531	572	461	487
		Debt Service	142	130	154	126	110	108
		Transportation	149	142	148	140	142	131
		General Government	243	204	216	265	201	222
		Public Safety	402	348	350	384	346	326
		Other	204	177	201	203	206	205
		Total	1,696	1,500	1,600	1,690	1,466	1,479

	Group Average Per Capita Expenditures by Object
		Salaries & Wages	548	465	480	450	427	402
		Capital Outlay	258	258	302	483	305	373
		Other Operating	890	777	818	757	733	704
		Total	1,696	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		$0	3,092,699	2,973,956	2,869,849	2,719,210	2,660,500
	General Fund expenditures		-	2,969,664	2,885,944	3,036,301	3,193,535	2,188,949
	Operating transfers in		-	-	-	-	-	-
	Operating transfers out		-	-	-	-	-	-
	Capital leases and installment purchase proceeds		-	18,623	61,720	137,700	451,155	61,228
	Other items		-	-	-	-	-	-
	Excess of revenues and other sources over (under) expenditures and other uses		-	141,658	149,732	(28,752)	(23,170)	532,779

	Fund balance available (FBA):
		In dollars	$0	1,499,433	1,394,059	1,270,685	1,250,857	1,549,232
		FBA as a % of GF Net Expenditures:
		Unit's FBA %	0.00	50.81	49.36	43.84	45.61	72.81
		Group weighted average FBA %	73.24	66.79	66.05	62.44	65.48	64.58
		State weighted average Non-Electric Group	38.21	38.71	37.89	36.66	37.39	37.38
		State weighted average FBA %	38.21	37.47	37.03	36.35	36.54	36.96


Enterprise Funds: Go to top of page
	Water/Sewer

	Combined financial results:
		Working capital	$0	762,778	586,724	618,461	660,479	2,180,547
		Quick ratio	0.00	5.39	4.42	1.66	1.77	8.82
		Net income	152,119	604,794	59,932	240,653	(379,694)	171,328
		Cashflow from operations	409,286	222,142	292,422	(209,881)	16,301	501,361
		Depreciation & Amortization Expense	217,459	248,124	231,068	159,176	140,775	89,315



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

		Population at July 1st of the Previous Year	2,020	2,230	2,200	2,160	2,048	1,964
		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	$2,435,783	$2,311,006	$2,118,555	$2,315,592	$2,802,833	$4,105,675
		Investment Earnings	4,441	6,542	36,584	71,269	209,843	77,336
		Tax Rate Equivalent	0.0004	0.0006	0.0031	0.0060	0.0500	0.0197
		Tax Rate Equivalent Group weighted average	0.0032	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	1999	1999
		January 1, Prior Year Assessed Valuation	$1,182,182,635	1,179,905,760	1,190,620,600	1,192,860,108	419,355,676	393,389,001
		Tax Rate	0.1350	0.1350	0.1350	0.1350	0.2950	0.2950
		Tax Rate Group weighted average	0.2802	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	113.00	104.59	93.69	97.03	67.33	81.83
		Assessment -to-Sales Ratio Group weighted average	100.84	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	$1,046,179,323	1,128,124,830	1,270,808,624	1,229,372,470	622,836,293	480,739,339
		EffectiveTax Rate	0.1526	0.1412	0.1265	0.1310	0.1986	0.2414
		Group weighted average Effective Tax Rate	0.2826	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	99.1800	99.5100	98.5200	99.0400	99.1000	99.4200
		Percent Collected Group weighted average	96.37	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	99.51	99.51	98.66	99.29	99.54	99.76
		Percent Collected Excluding Motor Vehicles Group weighted average	97.01	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	81.90	99.64	89.49	88.79	90.27	92.97
		Percent Collected Motor Vehicles Only Group weighted average	84.23	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	37,983	31,404	47,715	50,080	63,499	61,184
		Tax Rate Equivalent	0.0032	0.0027	0.0040	0.0042	0.0151	0.0156
		Dominant County: New Hanover
	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	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	#N/A	256	265	277	294	297
		Total Per Capita Statewide	#N/A	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	#N/A	0.1838%	0.1750%	0.1852%	0.2336%	0.2606%
		Total per Assessed Valuation Adjusted for Current Year Sales - Statewide	#N/A	0.4104%	0.3909%	0.4132%	0.4706%	0.5275%
		Total Authorized but not Issued General Obligation Debt	$0

		Installment Sales Purchases and Lease Obligations
		--Enterprise	$0	1,389,669	1,487,551	1,693,783	1,889,197	833,054
		--General Government	0	2,327,324	2,458,837	3,889,721	305,000	0
		Total*	$0	3,716,994	3,946,388	5,583,503	2,194,197	833,054
		* 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		2,020	2,230	2,200	2,160	2,048	1,964

1.5A	FISCAL	Governmental Activities Assets	6,760,787	9,001,325	8,938,415	9,054,790	6,018,772	6,074,141
1.5B	SUMMARY	Governmental Activities Liabilities	2,320,849	2,650,106	3,823,276	4,665,405	1,486,592	1,176,352
3.5A		Business Type Activities Assets	7,080,908	6,928,284	6,381,301	6,676,325	6,501,241	5,546,362
3.5B		Business Type Activities Liabilties	1,229,080	959,053	1,016,864	1,371,820	1,437,389	102,816
6.5A		Fiduciary Funds Assets
6.5B		Fiduciary Funds Liabilties
10.0	PART 2	Current Collections of Unit -Wide Levy	1,584,911	1,605,579	1,557,261	1,604,212	1,225,950	1,161,136
11.0	TAX	Current Collections of Special Tax Districts
12.0	REVENUES	Prior Years' Levy Collections	1,503
13.0		Penalties and Interest	5,768	7,255	6,570	5,537	3,227	2,878
14.0		Collections of Taxes Previously Written Off
15.0		Animal Tax
15.1		Solid Waste Disposal Tax	1,492
16.0		1% Local Government Option Sales Tax	230,657	422,814	543,424	484,764	477,265	440,648
17.0		1/2% Local Government Option Sales Tax (40)	80,979
18.0		1/2% Local Government Option Sales Tax (42)	111,667
18.5		1/2% Local Government Option Sales Tax (44)	-689
19.0		Privilege Licenses	2,941
19.2		Privilege -- All other privileges and pemits
20.0		Auto Licenses	8,985	8,066
21.0		Vehicle Tax for Public Transportation
22.0		Other Licenses		52,417	7,068	8,928	31,866	41,557
23.0		Local Occupancy Tax					119,036
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
30.0		Public Safety		48,241	28,218	77,793	120,857	122,343
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		29,910
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	750
41.0	REVENUES	Transitional Hold Harmless	54,405	47,067
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	148,177	97,559	89,021	83,870	94,234	72,694
45.0		Beer and Wine Tax	9,828	3,138	9,701	9,434	8,875	8,202
46.0		Powell Bill	64,283	63,468	70,956	76,762	67,069	65,742
50.0		Court Fees - Facilities and Arrest Fees			2,512	2,530	5,842	3,208
51.0		General Government
52.0		Public Safety	2,500
53.0		Transportation - Streets
54.0		Transportation - All Other
55.0		Environmental Protection	61,745		352,558	871	4,222	63,362
56.0		Econ. & Phys. Dev. - Housing/Community Dev
57.0		Econ. & Phys. Dev. - All Other		578,542
58.0		Human Services -Health, Mental Health, Hosp
59.0		Human Services - All Other
60.0		Culture and Recreation		714,479	500,011
61.0	LOCAL	Payments in Lieu of Taxes - Local
62.0	INTERGOV	General Government
63.0	REVENUES	Public Safety
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	119,108	500,000		500,000
71.0	PERMITS	Building Permits	32,838	30,693	33,600	23,536	23,693	96,454
72.0	& FEES	Inspection Fees
72.1		Amusements licensing and permit taxes
73.0		Other Permits	2,952	85,569	193,527	43,266	88,561	14,913
74.0	SALES &	Parking Revenues	560
75.0	SERVICES	Rents and Royalties	97,865	93,393	78,611	94,877	76,460	63,169
76.0		Airport
77.0		Fire Protection Charges						6,371
78.0		Solid Waste	258,155	278,767	112,292	110,445	86,873	78,878
79.0		Ambulance and Rescue Squad Charges
80.0		Cemeteries
81.0		Recreation Service Revenues	22,564
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	265,071	177,086	121,990	148,067	175,128	293,772
86.0	UTILITY	Water and Sewer Charges	1,546,817	1,414,090	1,384,403	1,556,661	1,110,494	1,240,115
87.0	REVENUES	Electric Charges
88.0		Gas Charges
88.1		Storm Water Fees	171,901
89.0	MISC.	Investment Earnings - Bond Proceeds
90.0	REVENUES	Investment Earnings - All Other Funds	4,441	6,542	36,584	71,269	209,843	77,336
91.0		Special Assessments
92.0		Private Contributions and Donations
93.0		Sales of Materials and Fixed Assets	4,301
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	11,071	11,062	12,284	15,057	14,829	10,270
98.0		Other Miscellaneous Revenues	23,625		81,870	41,983	32,201	147,213
99.0		Proceeds of Sale of Bonds and Notes
100.0		Proceeds of Capital Leases/Install Purchases	161,081	56,910	61,720	3,831,769	451,155	89,148
101.0		Other		25,117
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	-180
106.0		Deposits Other than Utility
107.0		Prepaid Taxes
108.0		Prepaid Privilege Licenses
109A	PART 4	Governing Body - Salaries & Wages	14,873	12,434	12,976	14,568	14,452
109B	GENERAL	Governing Body - Other Direct	32,729	15,367	7,440	14,093	14,342	19,365
109C	GOVT	Governing Body - Construction	97,932
109D		Governing Body - Purchase of P,P&E
110A		Administration - Salaries & Wages	69,275	139,940	114,071	134,778	136,549	120,271
110B		Administration - Other Direct	153,003	217,320	217,012	326,598	355,655	216,121
110C		Administration - Construction
110D		Administration - Purchase of P,P&E				17,239
111A		Elections - Salaries & Wages
111B		Elections - Other Direct		4,839		6,097
111C		Elections - Construction
111D		Elections - Purchase of P,P&E
112A		Finance - Salaries & Wages	57,805	71,981	33,424	36,803
112B		Finance - Other Direct	24,870	36,823	15,821	19,934
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
115B		Public Buildings - Other Direct					9,997	4,377
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
119A	PUBLIC	Police & Comm - Traffic Control - Salaries and Wages	738,770	679,909	696,731	674,858	640,695	664,270
119B	SAFETY	Police & Comm - Traffic Control - Other Direct	122,288	97,454	10,477	77,919	153,971	63,887
119C		Police & Comm - Traffic Control - Construction
119D		Police & Comm - Traffic Control - Purchase of P,P&E	79,863	25,209	65,336	86,214	122,842	61,228
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	144,004	142,918	152,340	109,064	56,872	47,014
122B		Fire - Other Direct	39,642	44,281	45,076	45,593	49,219	33,219
122C		Fire - Construction
122D		Fire - Purchase of P,P&E	19,033	50,994	6,480
123A		Inspectors - Salaries & Wages	71,738	73,328	71,390	64,159	66,553	102,179
123B		Inspectors - Other Direct	21,571	13,432	9,866	27,941	12,382	14,316
123C		Inspectors - Construction
123D		Inspectors - Purchase of P,P&E
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	138,969	103,996	114,695	105,313
126B		Pub. Safety All Other - Other Direct	16,472	16,438	12,053	11,461
126C		Pub. Safety All Other - Construction
126D		Pub. Safety All Other - Purchase of P,P&E		4,262	33,314
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			51,308
128B		Streets and Highways - Other Direct		26,814	12	15,417	164,440	6,546
128C		Streets and Highways - Construction
128D		Streets and Highways - Purchase of P,P&E
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	78,489
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	395,398	451,845	408,849	394,585	238,687	243,320
136B	MENTAL	Solid Waste - Other Direct	392,664	361,753	416,012	460,696	587,323	318,710
136C	PROTECTION	Solid Waste - Construction
136D		Solid Waste - Purchase of P,P&E		35,545		6,906	192,297
137A		Drainage & Watershed - Salaries & Wages	43,451
137B		Drainage & Watershed - Other Direct	1,345
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				12,393	29,606	75,254
139C		Environ. All Other - Construction			86,785
139D		Environ. All Other - Purchase of P,P&E
140A	ECONOMIC	Planning & Zoning - Salaries & Wages
140B	& PHYSICAL	Planning & Zoning - Other Direct
140C	DEVELOP	Planning & Zoning - Construction
140D		Planning & Zoning - Purchase of P,P&E
141A		Economic Development - Salaries & Wages
141B		Economic Development - Other Direct		5,338
141C		Economic Development - Construction		1,781
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				53,963	101,978
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	16,947	26,267	40,587
153C		Recreation & Parks - Construction	110,888	80,234	94,712	499,922
153D		Recreation & Parks - Purchase of P,P&E				3,600,000
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	30,911	3,378
157C		Cult. & Recr. All Other - Construction
157D		Cult. & Recr. All Other - Purchase of P,P&E
158A	UTILITY	Water & Sewer - Salaries & Wages	435,106	328,739	497,932	407,058	423,135	435,800
158B		Water & Sewer - Other Direct	707,953	787,386	631,751	715,858	1,067,696	588,813
158C		Water & Sewer - Construction
158D		Water & Sewer - Purchase of P,P&E	157,200	628,840	170,201	856,979	1,800,752	612,882
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	32,545	26,714	27,380	53,569	1,181	1,143
161D	SERVICE	Water & Sewer - Principal	96,253	76,386	218,050	220,249	40,616	30,517
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	92,649	39,490	47,219	56,137	43,849	45,957
166D		All Other - Principal	243,752	1,300,418	1,273,444	708,764	175,820	160,594
167B	PENSION	Direct Benefit Program - Other Direct
168B	FRINGE	Fringe Benefits Unallocated
169B		Separation Allowance - Law Enforcement	1,704
170B		Separation Allowance - Other Employees
171B		Supplemental Retirement - Law Enforcement	27,970	67,784	76,966	67,201	55,612	63,472
172B		Fringe Benefits Other	43,168
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	1,567,755.	1,574,711.00	1,631,906.00	1,604,363.00	1,174,484.00	1,103,291.00
180.0		Current year's levy -- Motor vehicles (only)	30,312.	23,691.00	25,821.00	38,719.00	58,112.00	58,506.00
181.0	PART 6	Uncollected Taxes - Current Year's Levy Except Mot Veh	7,671.	7,713.00	21,894.00	11,361.00	5,387.00	2,678.00
182.0	OTHER	Uncollected Taxes - CY Levy -Motor Vehicles	5,485	86	2,714	4,340	5,656	4,112
183.0	DATA	Percentage of Taxes Collected - All Property %	99.18	99.51	98.52	99.04	99.10	99.42
184.0	DATA	Percentage of Taxes Collected - Exclude Motor Vehicles%	99.51	99.51	98.66	99.29	99.54	99.76
185.0		Percentage of Taxes Collected - Motor Vehicles %	81.90	99.64	89.49	88.79	90.27	92.97
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	2,435,783	2,311,006	2,118,555	2,315,592	2,802,833	4,105,675
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	5,908,348	6,357,764	5,284,181	8,791,631	4,427,680	4,099,409
194B	FISCAL	Amount - Subtract Refunding Bond Proceeds
194C	SUMMARY	Amount - Subtract Interfund Transfers In	816,096
194D		Amount - Net Revenues	5,092,252	6,357,764	5,284,181	8,791,631	4,427,680	4,099,409
		Calculated amount	5,092,252	6,357,764	5,284,181	8,791,631	4,427,680	4,099,409
		Amounts in AGREEMENT??	Yes	Yes	Yes	Yes	Yes	Yes
		Difference
195A		Amount - Total Expenditures	5,567,326	5,999,637	5,659,710	9,902,329	6,556,521	3,929,255
195B		Amount - Subtract Pymts. to Refunded Debt Agent
195C		Amount - Subtract Interfund Transfers Out	816,096
195D		Amount - Net Expenditures	4,751,230	5,999,637	5,659,710	9,902,329	6,556,521	3,929,255
		Calculated amount	4,751,230	5,999,637	5,659,710	9,902,329	6,556,521	3,929,255
		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					2,048
402A	Sewer	Amount processed and/or purchased in units Water	136	133	130	136,283	156,200
402B	Operations	Amount processed and/or purchased in units Sewer	115	123	107	99,592	116,400
403A		Total amount billed in units - Water	120	131	117	133,185	148,399
403B		Total amount billed in units - Sewer	109	112	110	125,698	152,357
404A		Of the total in 403A above how many units were Residential W	100	99	95	108,640	124,616
404B		Of the total in 403B above how many units were Residential S					6,479
405A		Of the total in 403 above, how many units were Outside Muni W					14,887
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	509,914	551,397	505,865	547,773	495,859
408A		Dollars related to 403A above	775,418	764,306	759,072	805,891	830,873
408B		Dollars related to 403B above	422,819	425,715	411,878	108,639,779	427,153
409A		Dollars related to 404A above	698,202	692,588	683,481	108,364,929	752,701
409B		Dollars related to 404B above					16,217
410A		Dollars related to 405A above					38,871
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	2,108	2,076	1,998	1,978
421A		Number of residential accounts billed - Water	2,059	2,031	2,010	1,978
421B		Number of residential accounts billed - Sewer	47	45	48	97
422A		Number of non-residential & bulk accounts billed - Water	41	40	97	48
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	Arlen Copenhaver
951.0		Title	Finance Officer
952.0		Date	10/12/2011	11/24/2010	12/02/2009	11/14/2007	11/30/2007	01/17/2007
953.0		Contact	Arlen Copenhaver
954.0		Title	Finance Officer
955.0		Phone	(910) 458-8216
956.0		Fax	(910) 458-7421
957.0		E-Mail:

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

	2011	2010	2009	2008	2007	2006

Population	2,020	2,230	2,200	2,160	2,048	1,964
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	$1,546,817	1,414,090	1,384,403	1,556,661	1,110,494	1,240,115
Total Operating Revenues Per Capita	$766	634	629	721	542	631
Group Weighted Average Revenues Per Capita	58	297	297	297	281	269
State Weighted Average Revenues Per Capita	20	273	252	255	255	249

% to Total Operating Revenues
Operating Expenses	90.97%	96.33%	98.29%	82.36%	146.93%	89.82%
Group Weighted Average	103.02%	105.32%	106.92%	104.99%	106.17%	103.30%
State Weighted Average	92.57%	83.23%	87.16%	84.09%	80.04%	79.35%

Operating Margin	9.03%	3.67%	1.71%	17.64%	-46.93%	10.18%
Group Weighted Average	-3.02%	-5.32%	-6.92%	-4.99%	-6.17%	-3.30%
State Weighted Average	7.43%	16.77%	12.84%	15.91%	19.96%	20.65%

Operating Transfers In	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Group Weighted Average	12.93%	10.13%	6.19%	5.84%	3.17%	3.43%
State Weighted Average	11.39%	1.58%	1.20%	1.31%	1.10%	1.56%

Operating Transfers Out	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Group Weighted Average	6.09%	1.61%	7.24%	1.88%	2.81%	15.35%
State Weighted Average	17.30%	1.55%	2.65%	3.15%	1.85%	2.84%

Net Income before capital contributions	6.97%	1.86%	0.55%	15.46%	-34.19%	13.82%
Group Weighted Average	-55.14%	10.80%	-26.66%	24.94%	15.24%	13.69%
State Weighted Average	212.96%	15.81%	-9.94%	18.14%	25.59%	24.27%

Key Ratios and Cash Flow

Quick Ratio	N/A	5.39	4.42	1.66	1.77	8.82
Group Weighted Average	3.81	3.33	3.09	2.80	3.18	3.56
State Weighted Average	3.94	3.21	2.82	2.96	2.91	2.83

Days Sales in Receivables	8.0	58.2	43.9	61.1	38.1	31.0
Group Weighted Average	8.8	45.4	45.4	50.2	49.7	43.7
State Weighted Average	13.0	57.9	58.5	56.6	61.6	59.8

Days Cash on Hand	293.2	233.4	191.4	237.3	341.5	834.8
Group Weighted Average	-408.0	452.5	429.1	447.8	667.7	505.0
State Weighted Average	-80.4	613.4	559.6	588.2	645.7	570.9

Cash flow from Operations	$409,286	222,142	292,422	-209,881	16,301	501,361

Debt to Equity	0.19	0.15	0.17	0.22	0.25	0.00
Group Weighted Average	0.21	0.25	0.27	0.29	0.27	0.28
State Weighted Average	0.31	0.59	0.54	0.54	0.55	0.55

Debt per Capita	563	403	426	535	626	13
Group Weighted Average	63	433	463	494	439	428
State Weighted Average	34	897	784	781	761	733

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

	2005	2004	2003	2002
	$71,538	93,687	302,404	111,181

Capital Contributions: Excluded from income above	$44,270	578,542	52,382	0	0	0


Operating Statistics

Estimated population of the areas served Water	0	0	0	0	2,048	NA
Estimated population of the areas served Sewer	0	0	0	0	2,048	NA

Number of Gallons of Water Processed (000) omitted	136	133	130	136,283	156,200	NA
Number of Gallons of Sewage Processed (000) omitted	115	123	107	99,592	116,400	NA

Number of Gallons of Water Billed (000) omitted	120	131	117	133,185	148,399	NA
Number of Gallons of Sewage Billed (000) omitted	109	112	110	125,698	152,357	NA

Ratio of Water Billed to Water Processed	0.87879	0.98323	0.90000	0.97727	0.95006	NA
Ratio of Sewage Billed to Sewage Processed	0.95000	0.91301	1.02804	1.26213	1.30891	NA

Total Revenue from Water Sales	509,914	551,397	505,865	547,773	495,859	NA
Total Revenue from Sewage Sales	775,418	764,306	759,072	805,891	830,873	NA

Water Revenue per 1000 gallons of Sales					242.11865	NA
Sewage Revenue per 1000 gallons of Sales					405.69971	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	$0.00022	$82.78241	$36.57171	$899.82774	$7,994.92601	NA

State Average Sales per thousand Gallons Water	$0.00342	$25.16691	$28.47236	$12,972.02948	$5,350.70834	NA
State Average Sales per thousand Gallons Sewage	$0.00223	$48.57325	$47.83284	$11,816.81710	$3,994.76021	NA

Residential Water Sales per thousand Gallons	$4,238.36207	4,306.24115	4,335.55789	999.99797	3.42775	NA
Residential Sewage Sales per thousand Gallons	$7,412.69774	7,126.85738	7,271.07447	999.99934	5.97652	NA

Water Sales per thousand Gallons outside Municipal Limits					2.50301	NA
Sewage Sales per thousand Gallons outside Municipal Limits					2.61107	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 %	45.61%	43.84%	49.36%	50.81%	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%	38.21%
State average FBA %	36.54%	36.35%	65.48%	37.47%	38.21%

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

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2007 2008 2009 2010 2011

Municipality 99.10% 99.04% 98.52% 99.51% 99.18%

Pop. Group 97.18% 96.86% 95.99% 95.37% 96.37%

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	99.10%	99.04%	98.52%	99.51%	99.18%
Pop. Group	97.18%	96.86%	95.99%	95.37%	96.37%
Statewide	97.58%	97.56%	97.34%	97.36%	97.59%

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

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2007 2008 2009 2010 2011

Municipality 0 0 0 0 0

Pop. Group 294 277 265 256 #N/A

Statewide 478 456 455 449 #N/A

Municipal Population Group: 1,000 to 2,499

	2007	2008	2009	2010	2011
Municipality	0	0	0	0	0
Pop. Group	294	277	265	256	#N/A
Statewide	478	456	455	449	#N/A

Municipal Population Group: 1,000 to 2,499

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2007 2008 2009 2010 2011

Property Tax $600 745 711 723 788

Utility 628 789 685 714 897

Sales Tax 233 226 246 189 209

Sales & Services 123 115 175 205 189

Intergovernmental 147 116 479 710 169

Debt Proceeds 16 19 37 0 12

Other Miscellaneous 415 2,060 69 299 256

Total $2,162 4,070 2,402 2,840 2,520

	2007	2008	2009	2010	2011
Property Tax	$600	745	711	723	788
Utility	628	789	685	714	897
Sales Tax	233	226	246	189	209
Sales & Services	123	115	175	205	189
Intergovernmental	147	116	479	710	169
Debt Proceeds	16	19	37	0	12
Other Miscellaneous	415	2,060	69	299	256
Total	$2,162	4,070	2,402	2,840	2,520

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2011
2011

Category Revenue
Per Capita

Property Tax $1,592,182
$788

Water/Sewer 265,071
131

Electric 1,546,817
766

Other Utilities 0
0

Sales Tax 422,614
209

Sales & Services 382,096
189

Intergovernment 341,688
169

Debt Proceeds 23,625
12

Miscellaneous 516,667
256

Total $5,090,760
$2,520

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

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2011
2011

Category Expenditures
Per Capita

General Government $450,487
$223

Water/Sewer 30,911
15

Electric 1,300,259
644

Other Utilities -30,911
-15

Debt Service 465,199
230

Transportation 78,489
39

Public Safety 1,422,024
704

Other 1,034,772
512

Total $4,751,230
$2,352

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

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2011
2011

Category Expenditures
Per Capita

Salaries & Wages $2,109,389
$1,044

Water/Sewer Capital 0
0

Electric Capital 157,200
78

Other Capital 307,716
152

Other Operating 2,176,925
1,078

Total $4,751,230
$2,352

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

Last Updated 1/31/2012 4:16:04 PM



	2011	2011
Category	Revenue	Per Capita
Property Tax	$1,592,182	$788
Water/Sewer	265,071	131
Electric	1,546,817	766
Other Utilities	0	0
Sales Tax	422,614	209
Sales & Services	382,096	189
Intergovernment	341,688	169
Debt Proceeds	23,625	12
Miscellaneous	516,667	256
Total	$5,090,760	$2,520

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

North CarolinaDepartment of State TreasurerFinancial InformationTown of Kure Beach

Financial Graphs and Comparisons

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