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			2009	2008	2007	2006	2005	2004
	Revenues by Source
		Property Tax	$1,563,831	1,609,749	1,229,177	1,164,014	1,064,366	1,002,401
		Utility	1,384,403	1,556,661	1,110,494	1,240,115	1,285,114	1,289,273
		Sales Tax	543,424	484,764	477,265	440,648	413,129	381,941
		Sales & Services	312,893	353,389	338,461	442,190	416,887	133,492
		Intergovernmental	1,052,977	751,260	301,099	335,551	208,213	224,415
		Debt Proceeds	61,720	3,831,769	451,155	89,148	130,709	-
		Other Miscellaneous	364,933	204,039	520,029	387,743	224,257	366,758
		Total	$5,284,181	8,791,631	4,427,680	4,099,409	3,742,675	3,398,280

	Expenditures by Function
		Utility	$1,299,884	1,979,895	3,291,583	1,637,495	1,074,727	933,003
		Debt Service	1,566,093	1,038,719	261,466	238,211	131,473	25,845
		Transportation	51,320	15,417	164,440	6,546	579,048	420,109
		General Government	400,744	570,110	530,995	360,134	329,029	428,637
		Public Safety	1,294,724	1,269,723	1,158,146	1,049,585	1,059,229	790,666
		Other	1,046,945	5,028,465	1,149,891	637,284	117,241	292,863
		Total	$5,659,710	9,902,329	6,556,521	3,929,255	3,290,747	2,891,123

	Expenditures by Object
		Salaries & Wages	$2,153,716	1,941,186	1,576,943	1,612,854	1,366,904	1,331,745
		Capital Outlay	456,828	5,067,260	2,115,891	674,110	272,473	319,895
		Other Operating + Debt Service	3,049,166	2,893,883	2,863,687	1,642,291	1,651,370	1,239,483
		Total	$5,659,710	9,902,329	6,556,521	3,929,255	3,290,747	2,891,123


	Per Capita Revenues by Source
		Property Tax	$711	745	600	593	573	571
		Utility	629	721	542	631	692	735
		Sales Tax	247	224	234	225	223	217
		Sales & Services	142	164	165	225	224	76
		Intergovernmental	479	348	147	171	112	128
		Debt Proceeds	28	1,774	220	45	70	-
		Other Miscellaneous	166	94	254	197	121	209
		Total	$2,402	4,070	2,162	2,087	2,015	1,936

	Per Capita Expenditures by Function
		Utility	$591	917	1,607	834	579	532
		Debt Service	712	481	128	121	71	15
		Transportation	23	7	80	3	312	239
		General Government	182	263	259	185	177	243
		Public Safety	589	588	566	534	570	451
		Other	476	2,328	561	324	63	167
		Total	$2,573	4,584	3,201	2,001	1,772	1,647

	Per Capita Expenditures by Object
		Salaries & Wages	$979	899	770	821	736	759
		Capital Outlay	208	2,346	1,033	343	147	182
		Other Operating	1,386	1,339	1,398	837	889	706
		Total	$2,573	4,584	3,201	2,001	1,772	1,647

	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	100	101	101	103	102	106
		Average Population In Group	1,652	1,661	1,642	1,638	1,648	1,644
		Town of Kure Beach Population	2,200	2,160	2,048	1,964	1,857	1,755
	Group Average Per Capita Revenues by Source
		Property Tax	399	406	369	348	331	319
		Utility	405	415	423	391	374	340
		Sales Tax	169	199	195	179	172	157
		Sales & Services	79	82	76	72	71	64
		Intergovernmental	226	222	221	246	220	257
		Debt Proceeds	71	129	69	170	89	82
		Other Miscellaneous	138	192	196	160	125	137
		Total	1,487	1,645	1,549	1,566	1,382	1,356

	Group Average Per Capita Expenditures by Function
		Utility	504	572	461	487	425	445
		Debt Service	147	126	110	108	107	86
		Transportation	139	140	142	131	132	139
		General Government	204	265	201	221	193	174
		Public Safety	331	384	346	326	294	315
		Other	190	203	206	206	170	159
		Total	1,515	1,690	1,466	1,479	1,321	1,318

	Group Average Per Capita Expenditures by Object
		Salaries & Wages	453	450	427	402	397	376
		Capital Outlay	287	483	305	373	283	317
		Other Operating	775	757	734	704	641	625
		Total	1,515	1,690	1,466	1,479	1,321	1,318


General Fund Go to top of page			2009	2008	2007	2006	2005	2004
	General Fund revenues		$2,973,956	2,869,849	2,719,210	2,660,500	2,298,270	2,088,085
	General Fund expenditures		2,885,944	3,036,301	3,193,535	2,188,949	3,038,355	1,899,789
	Operating transfers in		-	-	-	-	20,000	-
	Operating transfers out		-	-	-	-	-	-
	Capital leases and installment purchase proceeds		61,720	137,700	451,155	61,228	1,005,709	-
	Other items		-	-	-	-	-	-
	Excess of revenues and other sources over (under) expenditures and other uses		149,732	(28,752)	(23,170)	532,779	285,624	188,296

	Fund balance available (FBA):
		In dollars	$1,394,059	1,270,685	1,250,857	1,549,232	1,271,883	1,047,032
		FBA as a % of GF Net Expenditures:
		Unit's FBA %	49.36	43.84	45.61	72.81	62.57	55.11
		Group weighted average FBA %	65.92	62.44	65.48	64.58	69.64	70.93
		State weighted average Non-Electric Group	37.77	36.63	37.38	37.38	36.82	36.42
		State weighted average FBA %	37.00	36.34	36.55	36.96	36.78	36.35


Enterprise Funds: Go to top of page
	Water/Sewer

	Combined financial results:
		Working capital	$586,724	618,461	660,479	2,180,547	2,521,315	2,228,969
		Quick ratio	4.42	1.66	1.77	8.82	59.42	46.81
		Net income	59,932	240,653	(379,694)	171,328	209,472	307,625
		Cashflow from operations	292,422	(209,881)	16,301	501,361	330,046	372,345
		Depreciation & Amortization Expense	231,068	159,176	140,775	89,315	70,582	159,094



Cash, Investments and Financing Go to top of page			2009	2008	2007	2006	2005	2004

		Population at July 1st of the Previous Year	2,200	2,160	2,048	1,964	1,857	1,755
		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	$2,118,555	2,315,592	2,802,833	4,105,675	4,005,816	3,541,201
		Investment Earnings	36,584	71,269	209,843	77,336	59,085	24,706
		Tax Rate Equivalent	0.0031	0.0060	0.0500	0.0197	0.0165	0.0073
		Tax Rate Equivalent Group weighted average	0.0130	0.0261	0.0409	0.0283	0.0164	0.0094
		Tax Rate Equivalent Statewide weighted average	0.0133	0.0524	0.0920	0.0573	0.0415	0.0340
		Latest year of Revaluation		2007	1999	1999	1999	1999
		January 1, Prior Year Assessed Valuation	$1,190,620,600	1,192,860,108	419,355,676	393,389,001	358,493,827	339,094,510
		Tax Rate	0.1350	0.1350	0.2950	0.2950	0.2950	0.2950
		Tax Rate Group weighted average	0.2983	0.2860	0.3424	0.3297	0.3306	0.3386
		Tax Rate State Wide	0.4267	0.4243	0.4452	0.4321	0.4448	0.4566
		Assessment -to-Sales Ratio	93.69	97.03	67.33	81.83	91.33	92.87
		Assessment -to-Sales Ratio Group weighted average	86.77	88.94	79.96	85.71	86.82	87.25
		Assessment -to-Sales Ratio Statewide	90.81	88.52	88.41	92.28	92.35	92.18
		Assessed Valuation Adjusted for Assesment to Sales Ratio	$1,270,808,624	1,229,372,470	622,836,293	480,739,339	392,525,815	365,128,147
		EffectiveTax Rate	0.1265	0.1310	0.1986	0.2414	0.2694	0.2740
		Group weighted average Effective Tax Rate	0.2589	0.2544	0.2737	0.2826	0.2870	0.2954
		Statewide weighted average Effective Tax Rate	0.3875	0.3756	0.3936	0.3987	0.4108	0.4209
		Percent Collected	98.52	99.04	99.10	99.42	99.26	99.26
		Percent Collected Group weighted average	96.68	96.86	97.18	96.94	96.84	96.44
		Percent Collected Statewide	97.78	97.64	97.59	97.55	97.42	97.31
		Percent Collected Excluding Motor Vehicles	98.66	99.29	99.54	99.76	99.67	99.65
		Percent Collected Excluding Motor Vehicles Group weighted average	96.67	97.78	98.01	97.76	97.85	97.87
		Percent Collected Excluding Motor Vehicles Statewide weighted average	98.31	98.65	98.59	98.61	98.36	98.39
		Percent Collected Motor Vehicles Only	89.49	88.79	90.27	92.97	91.93	92.27
		Percent Collected Motor Vehicles Only Group weighted average	84.59	85.16	86.07	85.54	86.22	84.36
		Percent Collected Motor Vehicles Only Statewide weighted average	86.66	86.74	86.71	86.80	87.31	87.46
		Tax Uncollected	2,813	15,701	11,043	6,790	7,890	7,394
		Tax Rate Equivalent	0.0002	0.0013	0.0026	0.0017	0.0022	0.0022
		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	265	277	294	297	306	297
		Total Per Capita Statewide	455	456	478	495	505	548
		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	0.1750%	0.1852%	0.2336%	0.2606%	0.2847%	0.2930%
		Total per Assessed Valuation Adjusted for Current Year Sales - Statewide	0.3909%	0.4131%	0.4706%	0.5275%	0.5588%	0.6442%
		Total Authorized but not Issued General Obligation Debt

		Installment Sales Purchases and Lease Obligations
		--Enterprise	$1,487,551	1,693,783	1,889,197	833,054	875,000	0
		--General Government	2,458,837	3,889,721	305,000	0	0	0
		Total*	$3,946,388	5,583,503	2,194,197	833,054	875,000	0
		* 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	2009	2008	2007	2006	2005	2004
	Population at July 1st of the Previous Year Adjusted for Boundry Changes		2,200	2,160	2,048	1,964	1,857	1,755

1A	Non GASB34	General Fund Assets
1B	FISCAL	General Fund Liabilities
2A	SUMMARY	Debt-service Assets
2B		Debt service Liabilities
3A		Enterprise Assets
3B		Enterprise Liabilities
4A		Internal Service Assets
4B		Internal service Liabilities
5A		Special Revenue Assets
1.5A	GASB34	Governmental Activities Assets	8,938,415	9,054,790	6,018,772	6,074,141	4,845,750	4,425,335
1.5B	FISCAL	Governmental Activities Liabilities	3,823,276	4,665,405	1,486,592	1,176,352	473,970	382,598
3.5A	SUMMARY	Business Type Activities Assets	6,381,301	6,676,325	6,501,241	5,546,362	5,334,055	5,145,137
3.5B		Business Type Activities Liabilties	1,016,864	1,371,820	1,437,389	102,816	61,837	82,391
6.5A		Fiduciary Funds Assets
6.5B		Fiduciary Funds Liabilties
5B		Special Revenue Liabilities
6A		Trust & Agency Assets
6B		Trust & Agency Liabilities
7A		Capital Project Assets
7B		Capital Project Liabilities
8A		General Fixed Assets
9B		General Long term debt - Liabilities
10	PART 2	Current collections of unit-wide levy	1,557,261	1,604,212	1,225,950	1,161,136	1,061,295	994,159
11	TAX	Current collection of special tax districts
12	REVENUES	Prior years' levy collections						5,277
13		Penalties and interest	6,570	5,537	3,227	2,878	3,071	2,965
14		Collection of taxes previously written off
15		Animal tax
15.1		Solid Waste Disposal Tax
16		1% Local government sales and use tax	543,424	484,764	477,265	440,648	413,129	205,680
17		1/2% Local government sales and use taxes (Article 40)						60,832
18		1/2% Local government sales and use taxes (Article 42)						59,853
18.5		1/2% Local government sales and use taxes (Article 44)						55,576
19		Licenses Privilege						3,966
19.1		Privilege - Occupational & business licensing & permit taxes
19.2		Privilege -- All other privileges and pemits
20		General Municipal Vehicle Tax						12,315
21		Vehicle Tax for Public Transportation					11,005
22		Other licenses - Include CATV	7,068	8,928	31,866	41,557	32,388	17,430
23		Local occupancy tax			119,036
24		Prepared food tax
25		911 charges
26		Gross Receipts Tax on Short Term Vehicles Leases
27	FEDERAL	FEDERAL Payment in lieu of taxes
28	INTERGOV	Equitable sharing of Federally forfeited property
29	REVENUES	General government
30		Public safety	28,218	77,793	120,857	122,343
31		Transportation - Streets
32		Transportation - All other
33		Utility franchise tax
34		Housing/community development
35		All Other
36		Human services: Health, mental health, hospitals
37		All other						28,706
38		Culture and recreation
39	STATE	State Payment in Lieu of Taxes
40	INTERGOV	Controlled substance tax					260
41	REVENUES	Intangibles tax reimbursement + Transistional Hold Harmless Revenues
42		Wireless Enhanced 911 Service Charges
43		Piped Natural Gas Charge Distribution
44		Utility franchise tax	89,021	83,870	94,234	72,694	56,828	81,956
45		Beer and Wine tax	9,701	9,434	8,875	8,202	7,768	6,996
46		Powell Bill	70,956	76,762	67,069	65,742	63,803	55,220
47		Food stamp purchases tax reimbursement
48		Inventories tax reimbursements
49		Senior Citizens Exemption - 50%
50		Court fees - Facilities and arrest fees	2,512	2,530	5,842	3,208	3,536
51		General Government
52		Public safety						15,641
53		Transportation - Streets
54		Transportation - All other
55		Environmental protection	352,558	871	4,222	63,362	76,018	35,896
56		Econ. & Phys. Dev. - Housing/Comm. Dev.
57		Econ. & Phys. Dev. - All Other
58		Human Services: Health, mental health, hospitals
59		All Other
60		Culture and recreation	500,011
61	LOCAL	LOCAL Payment in lieu of taxes
62	INTERGOV	General government
63	REVENUES	Public safety
64		Transportatin - Streets
65		Transportation - All other
66		Environmental protection
67		Economic and physical development
68		Human Services: Health, Mental Health & Hosp
69		Human Services: All Other
70		Culture and recreation		500,000
71	PERMITS	Building permits	33,600	23,536	23,693	96,454	107,002	80,761
72	& FEES	Inspection fees
72.1		Amusements licensing and permit taxes
73		Other permits	193,527	43,266	88,561	14,913	10,908	182,150
74	SALES &	Parking revenues
75	SERVICES	Rents and royalties	78,611	94,877	76,460	63,169	54,342	46,617
76		Airport
77		Fire protection charges				6,371	21,000
78		Solid waste	112,292	110,445	86,873	78,878	100,414	28,170
79		Ambulance and rescue squad charges
80		Cemeteries
81		Recreation service revenues						6,904
82		Library service revenues
83		Other cultural and recreational service revenues
84		Mass transit - city operated
85		Other sales and services	121,990	148,067	175,128	293,772	241,131	51,801
86	UTILITY	Water and sewer charges	1,384,403	1,556,661	1,110,494	1,240,115	1,285,114	1,289,273
87	REVENUES	Electric charges
88		Gas charges
88.1		Storm Water Fees
89	MISC.	On bond proceeds
90	REVENUES	On general and all other funds	36,584	71,269	209,843	77,336	59,085	24,706
91		Special assessments
92		Private contribution and donations
93		Sales of materials and fixed assets
94		Sales of real property
95		Nongovernment contributions for streets and traffic signals
96		Mixed drink surcharge
97		ABC profit distribution	12,284	15,057	14,829	10,270	3,869	4,550
98		Other miscellaneous revenues	81,870	41,983	32,201	147,213		40,880
99		Proceeds of the sale of bonds and notes
100		Proceeds of capital leases and installment purchases	61,720	3,831,769	451,155	89,148	130,709
101		Other
102	NON-REV	Supplemental schools taxes - current levy collections
103	RECEIPTS	Prior years' levy collections
104		Tax collections for units other than reporting unit
105		Utilities customers' deposits
106		Deposits other than utility
107		Prepaid taxes
108		Prepaid privilege licenses
109A	PART 4	Governing body - Salaries	12,976	14,568	14,452		13,933
109B	GENERAL	Governing body - All other Direct	7,440	14,093	14,342	19,365	3,783
109C	GOVT	Governing body - Construction
109D		Governing body - Land, Equipment and Existing Structures
110A		Administration - Salaries	114,071	134,778	136,549	120,271	101,982	169,536
110B		Administration - All other Direct	217,012	326,598	355,655	216,121	194,185	217,560
110C		Administration - Construction
110D		Administration - Land, Equipment and Existing Structures		17,239				3,611
111A		Elections (cost of) - Salaries
111B		Elections (cost of) - All other Direct		6,097
111C		Elections (cost of) - Construction
111D		Elections (cost of) - Land, Equipment and Existing Structures
112A		Finance - Salaries	33,424	36,803
112B		Finance - All other Direct	15,821	19,934
112C		Finance - Construction
112D		Finance - Land, Equipment. and Existing Structures
113A		Taxes - Salaries
113B		Taxes - All other Direct
113C		Taxes - Construction
113D		Taxes - Land, Equipment, and Existing Structures
114A		Legal - Salaries
114B		Legal - All other Direct						24,000
114C		Legal - Construction
114D		Legal - Land, Equipment, and Existing Structures
115A		Public Buildings - Salaries
115B		Public Buildings - All other Direct			9,997	4,377	15,146	13,930
115C		Public Buildings - Construction
115D		Public Buildings - Land, Equipment, and Existing Structures
116A		Court Facilities - Salaries
116B		Court Facilities - All other Direct
116C		Court Facilities - Construction
116D		Court Facilities - Land, Equipment, and Existing Structures
117A		Central Facilites - Salaries
117B		Central Facilities - All other Direct
117C		Central Facilites - Construction
117D		Central Facilites - Land, Equipment, and Existing Structures
118A		General Government All Other - Salaries
118B		General Government All Other - All other Direct
118C		General Government All Other - Construction
118D		General Government All Other - Land, Equipment, and Existing Structures
119A	PUBLIC	Police and Communications - Salaries	696,731	674,858	640,695	664,270	535,440	482,098
119B	SAFETY	Police and Communications - All other Direct	10,477	77,919	153,971	63,887	108,860	40,773
119C		Police and Communications - Construction
119D		Police and Communications - Land, Equipment and Existing Structures	65,336	86,214	122,842	61,228	82,902	63,009
120A		Emergency Communications - Salaries
120B		Emergency Communications - All other Direct
120C		Emergency Communications - Construction
120D		Emergency Communications - Land, Equipment and Existing Structures
121A		Emergency Management - Salaries
121B		Emergency Management - All other Direct
121C		Emergency Managment - Construction
121D		Emergency Management - Land, Equipment, and Existing Structures
122A		Fire - Salaries	152,340	109,064	56,872	47,014	48,767	45,953
122B		Fire - All other Direct	45,076	45,593	49,219	33,219	35,601	19,063
122C		Fire - Construction
122D		Fire - Land, Equipment, and Existing Structures	6,480				97,445	52,654
123A		Inspectors - Salaries	71,390	64,159	66,553	102,179	93,070
123B		Inspectors - All other Direct	9,866	27,941	12,382	14,316	9,943
123C		Inspectors - Construction
123D		Inspectors - Land, Equipment, and Existing Structures
124A		Rescue Units - Salaries
124B		Rescue Units - All other Direct
124C		Rescue Units - Construction
124D		Rescue Units - Land, Equipment, and Existing Structures
125A		Animal Control - Salaries
125B		Animal Control - All other Direct
125C		Animal Control - Construction
125D		Animal Control - Land, Equipment, and Existing Structures
126A		Public Safety All Other - Salaries	114,695	105,313				70,391
126B		Public Safety All Other - All other Direct	12,053	11,461
126C		Public Safety All Other - Construction
126D		Public Safety All Other - Land, Equipment, and Existing Structures	33,314
127A	TRANSPOR	Traffic Engineering - Salaries
127B	TATION	Traffic Engineering - All other Direct
127C		Traffic Engineering - Construction
127D		Traffic Engineering - Land, Equipment, and Existing Structures
128A		Streets and Highways - Salaries	51,308				237,873	250,570
128B		Streets and Highways - All other Direct	12	15,417	164,440	6,546	341,175	62,191
128C		Streets and Highways - Construction
128D		Streets and Highways - Land, Equipment and Existing Structures						51,407
129A		Street Cleaning - Salaries
129B		Street Cleaning - All other Direct
129C		Street Cleaning - Construction
129D		Street Cleaning - Land, Equipment, and Existing Structures
130A		State Street Aid Allocation - Powell Bill - Salries
130B		State Street Aid Allocation - Powell Bill - All other Direct						55,941
130C		State Street Aid Allocation - Powell Bill - Construction
130D		State Street Aid Allocation - Powell Bill - Land, Equipment, and Existing Structures
131A		Parking Facilities - Salaries
131B		Parking Facilities - All other Direct
131C		Parking Facilities - Construction
131D		Parking Facilites - Land, Equipment, and Existing Structures
132A		Mass Transit - City - Salaries
132B		Mass Transit - City - All other Direct
132C		Mass Transit - City - Construction
132D		Mass Transit - City - Land, Equipment, and Existing Structures
133B		Mass Transit - Private - All other Direct only
134A		Airport - Salaries
134B		Airport - All other Direct
134C		Airport - Construction
134D		Airport - Land, Equipment, and Existing Structures
135A		Transportation - All Other - Salaries
135B		Transportation - All Other - All other Direct
135C		Transportation - All Other - Construction
135D		Transportation - All Other - Land, Equipment, and Existing Structures
136A	ENVIRON	Solid Waste - Salaries	408,849	394,585	238,687	243,320
136B	MENTAL	Solid Waste - All other Direct	416,012	460,696	587,323	318,710	2,667	192,709
136C	PROTECTION	Solid Waste - Construction
136D		Solid Waste - Land, Equipment, and Existing Structures		6,906	192,297
137A		Drainage and Watershed - Salaries						8,313
137B		Drainage and Watershed - All other Direct						3,828
137C		Drainage and Watershed - Construction
137D		Drainage and Watershed - Land, Equipment, and Existing Structures						55,527
138A		Cemeteries - Salaries
138B		Cemeteries - All other Direct
138C		Cemeteries - Construction
138D		Cemeteries - Land, Equipment, and Existing Structures
139A		Environmental Protection - All Other - Salaries
139B		Environmental Protection - All Other - All other Direct		12,393	29,606	75,254		32,486
139C		Environmental Protection - All Other - Construction	86,785				20,588
139D		Environmental Protection All Other - Land, Equipment, and Existing Structures
140A	ECONOMIC	Planning and Zoning - Salaries
140B	& PHYSICAL	Planning and Zoning - All other Direct
140C	DEVELOP	Planning and Zoning - Construction
140D		Planning and Zoning - Land, Equipment, and Existing Structures
141A		Economic Development - Salaries
141B		Economic Development - All other Direct
141C		Economic Development - Construction
141D		Economic Development - Land, Equipment, and Existing Structures
142A		Community Development - Salaries
142B		Community Development - All other Direct
142C		Community Development - Construction
142D		Community Development - Land, Equipment, and Existing Structures
143A		Housing and Urban Renewal - Salaries
143B		Housing and Urban Renewal - All other Direct
143C		Housing and Urban Renewal - Construction
143D		Housing and Urban Renewal - Land, Equipment, and Existing Structures
144A		Special Employment Programs (JTPA) - Salaries
144B		Special Employment Programs (JTPA) - All other Direct
144C		Special Employment Programs (JTPA) - Construction
144D		Special Employment Programs (JTPA) - Land, Equipment, and Existing Structures
145A		Economic and Physical Development - All Other - Salaries [A]
145B		Economic and Physical Development - All Other - All other Direct		53,963	101,978		93,986
145C		Economic and Physical Development - All Other - Construction
145D		Economic and Physical Development - All Other - Land, Equipment, and Existing Structures
146A	HUMAN	Health - Salaries
146B	SERVICES	Health - All other Direct
146C		Health - Construction
146D		Health - Land, Equipment, and Existing Structures
147A		Mental Health - Salaries
147B		Mental Health - All other Direct
147C		Mental Health - Construction
147D		Mental Health - Land, Equipment, and Existing Structures
148A		Social Services - Salaries
148B		Social Services - All other Direct
148C		Social Services - Construction
148D		Social Services - Land, Equipment, and Existing Structures
149B		Subsidies Paid: Hospitals - City Owned - All other Direct
150B		Subsidies Paid: Hospitals - Private Owned - All other Direct
151A		Other Human Services: Legal Aid - Salaries
151B		Other Human Services: Legal Aid - All other Direct
151C		Other Human Services: Legal Aid - Construction
151D		Other Human Services: Legal Aid - Land, Equipment, and Existing Structures
152A		Human Services - All Other - Salaries
152B		Human Services - All Other - All other Direct
152C		Human Services - All Other - Construction
152D		Human Services - All Other - Land, Equipment, and Existing Structures
153A	CULTURE	Recreation and Parks - Salaries
153B	RECREATION	Recreation and Parks - All other Direct	40,587
153C		Recreation and Parks - Construction	94,712	499,922
153D		Recreation and Parks - Land, Equipment, and Existing Structures		3,600,000
154A		Coliseum - Salaries
154B		Coliseum - All other Direct
154C		Coliseum - Construction
154D		Coliseum - Land, Equipment, and Existing Structures
155A		Museums - Salaries
155B		Museums - All other Direct
155C		Museums - Construction
155D		Museums - Land, Equipment, and Existing Structures
156A		Libraries - Salaries
156B		Libraries - All other Direct
156C		Libraries - Construction
156D		Libraries - Land, Equipment, and Existing Structures
157A		Culture and Recreation - All Other - Salaries
157B		Human Services - All Other - All other Direct
157C		Human Services - All Other - Construction
157D		Human Services - All Other - Land, Equipment, and Existing Structures
158A	UTILITY	Water and Sewer - Salaries	497,932	407,058	423,135	435,800	335,839	304,884
158B		Water and Sewer - All other Direct	631,751	715,858	1,067,696	588,813	667,350	534,432
158C		Water and Sewer - Construction
158D		Water and Sewer - Land, Equipment, and Existing Structures	170,201	856,979	1,800,752	612,882	71,538	93,687
159A		Electric Power - Salaries
159B		Electric Power - All other Direct
159C		Electric Power - Construction
159D		Electric Power - Land, Equipment, and Existing Structures
160A		Natural Gas - Salries
160B		Natural Gas - All other Direct
160C		Natural Gas - Construction
160D		Natural Gas - Land, Equipment and Existing Structures
160.1A		Storm water salaries
160.1B		Storm water other operating
160.1C		Storm water contruction
160.1C		Storm water land, equipment and existing structures
161B	DEBT	Water and Sewer - Debt Service Interest Payments	27,380	53,569	1,181	1,143	1,921	2,677
161D	SERVICE	Water and Sewer - Debt Service Principal Payments	218,050	220,249	40,616	30,517	30,156	23,168
162B		Electric - Debt Service Interest Payments
162D		Electric - Debt Service Principal Payments
163B		Gas - Debt Service Interest Payments
163D		Gas - Debt Service Principal Payments
164B		School - Debt Service Interest Payments
164D		School - Debt Service Principal Payments
165B		Hospital - Debt Service Interest Payments
165D		Hospital - Debt Service Principal Payments
166B		All Other - Debt Service Interest Payments	47,219	56,137	43,849	45,957	13,200
166D		All Other - Debt Service Principal Payments	1,273,444	708,764	175,820	160,594	86,196
167B	PENSION	Direct Benefit Program - Pension Fund operated by the Unit
168B	FRINGE	Fringe Benefits Unallocated - (B)
169B		Separation Allowance - Law Enforcement Officers -(B)
170B		Separation Allowance - Other Employees - (B)
171B		Supplemental Retirement Income Plan for Law Enforcement Officers - (B)	76,966	67,201	55,612	63,472	47,201	16,725
172B		Fringe Benefits Other - (B)
173A		Multi-County Library District, County, or Other Municipality Authority
173B	INTERGOV	Multi-County Library District, County, or Other Municipality (Item number)
173C	EXPEND	Multi-County Library District, County, or Other Municipality (Amount)
174A		General Governmental Actitivies shared with the County (County)
174B		General Governmental Actitivies shared with the County (Item number)
174C		General Governmental Actitivies shared with the County (Amount)
175A		Highways (Payments to State) (State)
175B		Highways (Payments to State) (Item number)
175C		Highways (Payments to State) (Amount)
176A		Others - Name of Payee #1
176B		Others - 1 (B)
176C		Others - 1 (C)
177A		Others - Name of Payee #2
177B		Others - 2 (B)
177C		Others - 2 (C)
178A		Others - Name of Payee #3
178B		Others - 3 (B)
178C		Others - 3 (C)
179	PART 6	Current Year Levy Excluding Motor Vehicles	1,631,906	1,604,363	1,174,484	1,103,291	1,003,813	944,717
180	OTHER	Current Year Levy Motor Vehicles Only	25,821	38,719	58,112	58,506	57,231	52,762
181	DATA	Uncollected Taxes - Current Year's Levy - Excluding Motor Vehicles	21,894	11,361	5,387	2,678	3,272	3,318
182		Uncollected Taxes - Current Year's Levy - Motor Vehicles	2,714	4,340	5,656	4,112	4,618	4,076
183		Percentage of Taxes Collected - Current Year All Property	98.52	99.04	99.10	99.42	99.26	99.26
184		Percentage of Taxes Collected - Current Year - Excluding Motor Vehicles	98.66	99.29	99.54	99.76	99.67	99.65
185		Percentage of Taxes Collected - Current Year - Motor Vehicles	89.49	88.79	90.27	92.97	91.93	92.27
186		Total Amount of Expenditures for Salaries and Wages to Unit's Own Personnal
187A		Capital Reserve or Available Funds - Schools - July 1, Previous Year
187B		Capital Reserve or Available Funds - Schools - June 30, Current Year
188A		Capital Reserve or Available Funds - Hospitals - July 1, Previous Year
188B		Capital Reserve or Available Funds - Hospitals - June 30, Current Year
189A	PART 7	Cash on Hand and in Bank, and Securities - Held in Debt Service Fund
189B	CASH &	Cash on Hand and in Bank, and Securities - Construction Bond Fund - Unexpended bond proceeds
189C	INVEST	Cash on Hand and in Bank, and Securities - All Other	2,118,555	2,315,592	2,802,833	4,105,675	4,005,816	3,541,201
190A	PART	Appropriations made during the fiscal year pursuant to subsections b (1- 7)
190B	8	Expenditures made during the fiscal year pursuant to subsections b (1- 7)
191		Investment in Property Acquired at any time under G.S. 158
192		Amount Expended during the fiscal year pursuant to subsections b (5) and b (7)
193		Amount of Tax Revenues taken into account under G.S.
194A	PART 9	Amounts - Total Revenues and other financing sources per audit	5,284,181	8,791,631	4,427,680	4,099,409	3,742,675	3,398,280
194B	FISCAL	Amounts - Subtract proceeds of refunding debt
194C	SUMMARY	Amounts - Subtract interfund transfers in
194D		Amounts - Net Revenues per AFIR	5,284,181	8,791,631	4,427,680	4,099,409	3,742,675	3,398,280
		Calculated amount	5,284,181	8,791,631	4,427,680	4,099,409	3,742,675	3,398,280
		Amounts in AGREEMENT??	Yes	Yes	Yes	Yes	Yes	Yes
		Difference
195A		Amounts - Total Expenditures and other financing sources per audit	5,659,710	9,902,329	6,556,521	3,929,255	3,290,747	2,891,123
195B		Amounts - Subtract payments to refunding debt escrow agent
195C		Amounts - Subtract interfund transfers out
195D		Amounts Net Expenditures per AFIR	5,659,710	9,902,329	6,556,521	3,929,255	3,290,747	2,891,123
		Calculated amount	5,659,710	9,902,329	6,556,521	3,929,255	3,290,747	2,891,123
		Amounts in AGREEMENT??	Yes	Yes	Yes	Yes	Yes	Yes
		Difference

	PART 10

950		Name of Official Signatory	JENNIFER WATSON
951		Title of Official	JR. FINANCE OFFICER
952		Date Certified	12/02/2009	11/14/2007	11/30/2007
953		Person to Contact	JENNIFER WATSON
954		Title of Person to Contact	JR. FINANCE OFFICER
955		Telephone Number	910-458-8216
956		Facsimile Number	910-458-7421

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

	2009	2008	2007	2006	2005	2004

Population	2,200	2,160	2,048	1,964	1,857	1,755
Population Group	No Electric 1,000 to 2,499	No Electric 1,000 to 2,499	No Electric 1,000 to 2,499	No Electric 1,000 to 2,499	No Electric 1,000 to 2,499	No Electric 1,000 to 2,499
Total Operating Revenues	$0	0	0	0	0	0
Total Operating Revenues Per Capita	$0	0	0	0	0	0
Group Weighted Average Revenues Per Capita	0	75	3	32	8	0
State Weighted Average Revenues Per Capita	2	20	12	15	16	3

% to Total Operating Revenues
Operating Expenses	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Group Weighted Average	#DIV/0!	98.01%	139.02%	116.33%	209.74%	298.37%
State Weighted Average	287.00%	89.94%	84.21%	104.54%	119.75%	338.51%

Operating Margin	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Group Weighted Average	#DIV/0!	1.99%	-39.02%	-16.33%	-109.74%	-198.37%
State Weighted Average	-187.00%	10.06%	15.79%	-4.54%	-19.75%	-238.51%

Operating Transfers In/(out)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Group Weighted Average	#DIV/0!	0.43%	-118.05%	2.69%	0.00%	34.58%
State Weighted Average	0.00%	-0.70%	-0.66%	-1.84%	-2.09%	5.70%

Net Income before capital contributions	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Group Weighted Average	#DIV/0!	153.87%	3582.80%	394.35%	1307.56%	44686.13%
State Weighted Average	968.20%	480.53%	1193.75%	778.98%	531.01%	2097.68%

Key Ratios and Cash Flow

Quick Ratio	4.42	1.66	1.77	8.82	59.42	46.81
Group Weighted Average	3.11	2.84	3.25	3.58	3.48	4.12
State Weighted Average	2.81	2.96	2.90	2.82	1.82	2.76

Days Sales in Receivables	N/A	N/A	N/A	N/A	N/A	N/A
Group Weighted Average	#DIV/0!	39.3	#DIV/0!	25.2	72.0	42.6
State Weighted Average	47.3	60.7	42.6	87.6	97.7	61.5

Days Cash on Hand	0.0	0.0	0.0	0.0	0.0	0.0
Group Weighted Average	-34.4	-914.3	-151.5	-72.9	-18.2	-46.6
State Weighted Average	-46.5	-344.5	-221.9	-343.5	-346.7	-208.8

Cash flow from Operations	$292,422	-209,881	16,301	501,361	330,046	372,345

Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.00
Group Weighted Average	1.85	0.48	11.68	2.57	0.33	0.25
State Weighted Average	27.79	3.77	5.74	3.82	2.36	3.93

Debt per Capita	0	0	0	0	15	0
Group Weighted Average	30	299	213	244	107	61
State Weighted Average	754	535	335	660	675	266

Capital Expenditures:	2009	2008	2007	2006	2005	2004
	$170,201	856,979	1,800,752	612,882	71,538	93,687

	2003	2002	2001	2000
	$302,404	111,181	174,675	38,333

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


Operating Statistics

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

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

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

Ratio of Water Billed to Water Processed	0.90000	0.97727	0.95006	NA	NA	NA
Ratio of Sewage Billed to Sewage Processed	1.02804	1.26213	1.30891	NA	NA	NA

Total Revenue from Water Sales	505,865	547,773	495,859	NA	NA	NA
Total Revenue from Sewage Sales	759,072	805,891	830,873	NA	NA	NA

Water Revenue per 1000 gallons of Sales			242.11865	NA	NA	NA
Sewage Revenue per 1000 gallons of Sales			405.69971	NA	NA	NA

Group Average Sales per thousand Gallons Water	$27.87923	$1,769.81984	$14,046.04813	NA	NA	NA
Group Average Sales per thousand Gallons Sewage	$29.30419	$799.17941	$6,255.74662	NA	NA	NA

State Average Sales per thousand Gallons Water	$28.47236	$12,972.02948	$5,350.70834	NA	NA	NA
State Average Sales per thousand Gallons Sewage	$41.46915	$10,319.10819	$3,921.08643	NA	NA	NA

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

Water Sales per thousand Gallons outside Municipal Limits			2.50301	NA	NA	NA
Sewage Sales per thousand Gallons outside Municipal Limits			2.61107	NA	NA	NA

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

	2005	2006	2007	2008	2009
Unit's FBA %	62.57%	72.81%	45.61%	43.84%	49.36%
Group average FBA %	69.64%	64.58%	65.48%	62.44%	65.92%
State average Electric/Non Electric Group FBA %	36.82%	37.38%	37.38%	36.63%	37.77%
State average FBA %	36.78%	36.96%	69.64%	36.34%	37.00%

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

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2005 2006 2007 2008 2009

Municipality 99.26% 99.42% 99.10% 99.04% 98.52%

Pop. Group 96.84% 96.94% 97.18% 96.86% 96.68%

Statewide 97.42% 97.55% 97.59% 97.64% 97.78%

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

	2005	2006	2007	2008	2009
Municipality	99.26%	99.42%	99.10%	99.04%	98.52%
Pop. Group	96.84%	96.94%	97.18%	96.86%	96.68%
Statewide	97.42%	97.55%	97.59%	97.64%	97.78%

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

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2005 2006 2007 2008 2009

Municipality 0 0 0 0 0

Pop. Group 306 297 294 277 265

Statewide 505 495 478 456 455

Municipal Population Group: 1,000 to 2,499

	2005	2006	2007	2008	2009
Municipality	0	0	0	0	0
Pop. Group	306	297	294	277	265
Statewide	505	495	478	456	455

Municipal Population Group: 1,000 to 2,499

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2005 2006 2007 2008 2009

Property Tax $573 593 600 745 711

Utility 692 631 542 721 629

Sales Tax 223 225 234 224 247

Sales & Services 224 225 165 164 142

Intergovernmental 112 171 147 348 479

Debt Proceeds 70 45 220 1,774 28

Other Miscellaneous 121 197 254 94 166

Total $2,015 2,087 2,162 4,070 2,402

	2005	2006	2007	2008	2009
Property Tax	$573	593	600	745	711
Utility	692	631	542	721	629
Sales Tax	223	225	234	224	247
Sales & Services	224	225	165	164	142
Intergovernmental	112	171	147	348	479
Debt Proceeds	70	45	220	1,774	28
Other Miscellaneous	121	197	254	94	166
Total	$2,015	2,087	2,162	4,070	2,402

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2009
2009

Category Revenue
Per Capita

Property Tax $1,563,831
$711

Water/Sewer 1,384,403
629

Electric 0
0

Other Utilities 0
0

Sales Tax 543,424
247

Sales & Services 312,893
142

Intergovernment 1,052,977
479

Debt Proceeds 61,720
28

Miscellaneous 364,933
166

Total $5,284,181
$2,402

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

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2009
2009

Category Expenditures
Per Capita

General Government $400,744
$182

Water/Sewer 1,299,884
591

Electric 0
0

Other Utilities 0
0

Debt Service 1,566,093
712

Transportation 51,320
23

Public Safety 1,294,724
589

Other 1,046,945
476

Total $5,659,710
$2,573

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

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2009
2009

Category Expenditures
Per Capita

Salaries & Wages $2,153,716
$979

Water/Sewer Capital 170,201
77

Electric Capital 0
0

Other Capital 286,627
130

Other Operating 3,049,166
1,386

Total $5,659,710
$2,573

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

Last Updated 6/11/2010 9:56:05 AM



	2009	2009
Category	Revenue	Per Capita
Property Tax	$1,563,831	$711
Water/Sewer	1,384,403	629
Electric	0	0
Other Utilities	0	0
Sales Tax	543,424	247
Sales & Services	312,893	142
Intergovernment	1,052,977	479
Debt Proceeds	61,720	28
Miscellaneous	364,933	166
Total	$5,284,181	$2,402

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