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

Go to North Carolina County and Municipal Financial Information Home Page
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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
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201120102009200820072006

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 GroupNo 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 414422406369348


Utility 553 435436423430399


Sales Tax 158 153178201195180


Sales & Services 105 8276807771


Intergovernmental 277 233228217220243


Debt Proceeds 35 3933463846


Other Miscellaneous 106 129162261203273


Total 1,674 1,4851,5351,6341,5321,560










Group Average Per Capita Expenditures by Function







Utility 556 499531572461487


Debt Service 142 130154126110108


Transportation 149 142148140142131


General Government 243 204216265201222


Public Safety 402 348350384346326


Other 204 177201203206205


Total 1,696 1,5001,6001,6901,4661,479










Group Average Per Capita Expenditures by Object







Salaries & Wages 548 465480450427402


Capital Outlay 258 258302483305373


Other Operating 890 777818757733704


Total 1,696 1,5001,6001,6901,4651,479


















General Fund
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201120102009200820072006

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 %0.0050.8149.3643.8445.6172.81


Group weighted average FBA %73.2466.7966.0562.4465.4864.58


State weighted average Non-Electric Group38.2138.7137.8936.6637.3937.38


State weighted average FBA %38.2137.4737.0336.3536.5436.96

















Enterprise Funds:
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Water/Sewer













Combined financial results:







Working capital$0 762,778 586,724 618,461 660,479 2,180,547


Quick ratio0.00 5.39 4.42 1.66 1.77 8.82


Net income152,119 604,794 59,932 240,653 (379,694)171,328


Cashflow from operations409,286 222,142 292,422 (209,881)16,301 501,361


Depreciation & Amortization Expense217,459 248,124 231,068 159,176 140,775 89,315


























Cash, Investments and Financing
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201120102009200820072006











Population at July 1st of the Previous Year2,0202,2302,2002,1602,0481,964


Population GroupNo 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 Earnings4,441 6,542 36,584 71,269 209,843 77,336


Tax Rate Equivalent0.00040.00060.00310.00600.05000.0197


Tax Rate Equivalent Group weighted average0.00320.00450.01310.02610.04090.0283


Tax Rate Equivalent Statewide weighted average0.01560.02470.01330.05240.09200.0573


Latest year of Revaluation 200720072007200719991999


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 Rate0.13500.13500.13500.13500.29500.2950


Tax Rate Group weighted average0.28020.29700.29830.28600.34240.3297


Tax Rate State Wide0.41220.40900.42620.42380.44500.4321


Assessment -to-Sales Ratio113.00104.5993.6997.0367.3381.83


Assessment -to-Sales Ratio Group weighted average100.8497.6986.7788.9479.9685.71


Assessment -to-Sales Ratio Statewide101.4798.2790.8188.5388.4192.28


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 Rate0.15260.14120.12650.13100.19860.2414


Group weighted average Effective Tax Rate0.28260.29010.25890.25440.27370.2826


Statewide weighted average Effective Tax Rate0.41830.40200.38700.37520.39340.3987


Percent Collected99.180099.510098.520099.040099.100099.4200


Percent Collected Group weighted average96.3795.3795.9996.8697.1896.94


Percent Collected Statewide97.5997.3697.3497.5697.5897.55


Percent Collected Excluding Motor Vehicles99.5199.5198.6699.2999.5499.76


Percent Collected Excluding Motor Vehicles Group weighted average97.0195.9996.6797.7898.0197.76


Percent Collected Excluding Motor Vehicles Statewide weighted average98.3598.2398.3098.6598.5998.61


Percent Collected Motor Vehicles Only 81.9099.6489.4988.7990.2792.97


Percent Collected Motor Vehicles Only Group weighted average84.2385.4584.6085.1686.0785.54


Percent Collected Motor Vehicles Only Statewide weighted average 87.2886.3486.5586.7486.7186.80


Tax Uncollected37,983 31,404 47,715 50,080 63,499 61,184


Tax Rate Equivalent0.00320.00270.00400.00420.01510.0156


Dominant County: New Hanover






Debt Information








Population Group1,000 to 2,4991,000 to 2,4991,000 to 2,4991,000 to 2,4991,000 to 2,4991,000 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 Debt0 0 0 0 0 0


Total General Obligation Debt0 0 0 0 0 0


Per Capita$0 0 0 0 0 0


Total Per Capita for the Population Group#N/A256 265 277 294 297


Total Per Capita Statewide#N/A449 455 456 478 495


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


Total per Assessed Valuation Adjusted for Current Year Sales- Group Average#N/A0.1838%0.1750%0.1852%0.2336%0.2606%


Total per Assessed Valuation Adjusted for Current Year Sales - Statewide#N/A0.4104%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 Government0 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
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LineSectionDescription201120102009200820072006

Population at July 1st of the Previous Year Adjusted for Boundry Changes2,0202,2302,2002,1602,0481,964









1.5AFISCAL Governmental Activities Assets6,760,7879,001,3258,938,4159,054,7906,018,7726,074,141
1.5BSUMMARYGovernmental Activities Liabilities2,320,8492,650,1063,823,2764,665,4051,486,5921,176,352
3.5A
Business Type Activities Assets7,080,9086,928,2846,381,3016,676,3256,501,2415,546,362
3.5B
Business Type Activities Liabilties1,229,080959,0531,016,8641,371,8201,437,389102,816
6.5A
Fiduciary Funds Assets





6.5B
Fiduciary Funds Liabilties





10.0PART 2Current Collections of Unit -Wide Levy1,584,9111,605,5791,557,2611,604,2121,225,9501,161,136
11.0TAXCurrent Collections of Special Tax Districts





12.0REVENUESPrior Years' Levy Collections1,503




13.0
Penalties and Interest5,7687,2556,5705,5373,2272,878
14.0
Collections of Taxes Previously Written Off





15.0
Animal Tax





15.1
Solid Waste Disposal Tax1,492




16.0
1% Local Government Option Sales Tax230,657422,814543,424484,764477,265440,648
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 Licenses2,941




19.2
Privilege -- All other privileges and pemits





20.0
Auto Licenses8,9858,066



21.0
Vehicle Tax for Public Transportation





22.0
Other Licenses
52,4177,0688,92831,86641,557
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





27.0FEDERALPayments In Lieu of Taxes - Federal





28.0INTERGOVEquitable Sharing of Fed. Forfeited Prop.





29.0REVENUESGeneral Government





30.0
Public Safety
48,24128,21877,793120,857122,343
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





39.0STATEPayments In Lieu of Taxes - State





40.0INTERGOVUnauthorized Substance Tax750




41.0REVENUESTransitional Hold Harmless54,40547,067



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 Tax148,17797,55989,02183,87094,23472,694
45.0
Beer and Wine Tax9,8283,1389,7019,4348,8758,202
46.0
Powell Bill64,28363,46870,95676,76267,06965,742
50.0
Court Fees - Facilities and Arrest Fees

2,5122,5305,8423,208
51.0
General Government





52.0
Public Safety2,500




53.0
Transportation - Streets





54.0
Transportation - All Other





55.0
Environmental Protection61,745
352,5588714,22263,362
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
714,479500,011


61.0LOCALPayments in Lieu of Taxes - Local





62.0INTERGOVGeneral Government





63.0REVENUESPublic 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 Recreation119,108500,000
500,000

71.0PERMITS Building Permits32,83830,69333,60023,53623,69396,454
72.0& FEESInspection Fees





72.1
Amusements licensing and permit taxes





73.0
Other Permits2,95285,569193,52743,26688,56114,913
74.0SALES &Parking Revenues560




75.0SERVICESRents and Royalties97,86593,39378,61194,87776,46063,169
76.0
Airport





77.0
Fire Protection Charges




6,371
78.0
Solid Waste258,155278,767112,292110,44586,87378,878
79.0
Ambulance and Rescue Squad Charges





80.0
Cemeteries





81.0
Recreation Service Revenues22,564




82.0
Library Service Revenues





83.0
Other Cultural and Rec Service Revenues





84.0
Mass Transit - City Operated





85.0
Other Sales and Services265,071177,086121,990148,067175,128293,772
86.0UTILITYWater and Sewer Charges1,546,8171,414,0901,384,4031,556,6611,110,4941,240,115
87.0REVENUESElectric Charges





88.0
Gas Charges





88.1
Storm Water Fees171,901




89.0MISC.Investment Earnings - Bond Proceeds





90.0REVENUESInvestment Earnings - All Other Funds4,4416,54236,58471,269209,84377,336
91.0
Special Assessments





92.0
Private Contributions and Donations





93.0
Sales of Materials and Fixed Assets4,301




94.0
Sale of Real Property





95.0
Nongovt Contr For Streets & Traffic Signals





96.0
ABC Mixed Drink Surcharge





97.0
ABC Profit Distribution11,07111,06212,28415,05714,82910,270
98.0
Other Miscellaneous Revenues23,625
81,87041,98332,201147,213
99.0
Proceeds of Sale of Bonds and Notes





100.0
Proceeds of Capital Leases/Install Purchases161,08156,91061,7203,831,769451,15589,148
101.0
Other
25,117



102.0NON-REVSchool - Current Levy Collections





103.0RECEIPTSPrior 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





109APART 4Governing Body - Salaries & Wages14,87312,43412,97614,56814,452
109BGENERALGoverning Body - Other Direct32,72915,3677,44014,09314,34219,365
109CGOVTGoverning Body - Construction97,932




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





110A
Administration - Salaries & Wages69,275139,940114,071134,778136,549120,271
110B
Administration - Other Direct153,003217,320217,012326,598355,655216,121
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 & Wages57,80571,98133,42436,803

112B
Finance - Other Direct24,87036,82315,82119,934

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



9,9974,377
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





119APUBLICPolice & Comm - Traffic Control - Salaries and Wages738,770679,909696,731674,858640,695664,270
119BSAFETYPolice & Comm - Traffic Control - Other Direct122,28897,45410,47777,919153,97163,887
119C
Police & Comm - Traffic Control - Construction





119D
Police & Comm - Traffic Control - Purchase of P,P&E79,86325,20965,33686,214122,84261,228
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 & Wages144,004142,918152,340109,06456,87247,014
122B
Fire - Other Direct39,64244,28145,07645,59349,21933,219
122C
Fire - Construction





122D
Fire - Purchase of P,P&E19,03350,9946,480


123A
Inspectors - Salaries & Wages71,73873,32871,39064,15966,553102,179
123B
Inspectors - Other Direct21,57113,4329,86627,94112,38214,316
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 & Wages138,969103,996114,695105,313

126B
Pub. Safety All Other - Other Direct16,47216,43812,05311,461

126C
Pub. Safety All Other - Construction





126D
Pub. Safety All Other - Purchase of P,P&E
4,26233,314


127ATRANSPORTraffic Engineering - Salaries & Wages





127BTATIONTraffic Engineering - Other Direct





127C
Traffic Engineering - Construction





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





128A
Streets and Highways - Salaries & Wages

51,308


128B
Streets and Highways - Other Direct
26,8141215,417164,4406,546
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 Direct78,489




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





136AENVIRONSolid Waste - Salaries & Wages395,398451,845408,849394,585238,687243,320
136BMENTALSolid Waste - Other Direct392,664361,753416,012460,696587,323318,710
136CPROTECTIONSolid Waste - Construction





136D
Solid Waste - Purchase of P,P&E
35,545
6,906192,297
137A
Drainage & Watershed - Salaries & Wages43,451




137B
Drainage & Watershed - Other Direct1,345




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


12,39329,60675,254
139C
Environ. All Other - Construction

86,785


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





140AECONOMICPlanning & Zoning - Salaries & Wages





140B& PHYSICALPlanning & Zoning - Other Direct





140CDEVELOPPlanning & 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


53,963101,978
145C
Econ. Dev. All Other - Construction





145D
Econ. Dev. All Other - Purchase of P,P&E





146AHUMANHealth - Salaries & Wages





146BSERVICESHealth - Other Direct





146C
Health - Construction





146D
Health - Purchase of P,P&E





147A
Mental Health - Salaries & Wages





147B
Mental Health - Other Direct





147C
Mental Health - Construction





147D
Mental Health - Purchase of P,P&E





148A
Social Services - Salaries & Wages





148B
Social Services - Other Direct





148C
Social Services - Construction





148D
Social Services - Purchase of P,P&E





149B
Hospital-City - Other Direct





150B
Hospital-Private - Other Direct





151A
Legal Aid - Salaries & Wages





151B
Legal Aid - Other Direct





151C
Legal Aid - Construction





151D
Legal Aid - Purchase of P,P&E





152A
Human Serv. All Other - Salaries & Wages





152B
Human Serv. All Other - Other Direct





152C
Human Serv. All Other - Construction





152D
Human Serv. All Other - Purchase of P,P&E





153ACULTURE Recreation & Parks - Salaries & Wages





153BRECREATIONRecreation & Parks - Other Direct16,94726,26740,587


153C
Recreation & Parks - Construction110,88880,23494,712499,922

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 Direct30,9113,378



157C
Cult. & Recr. All Other - Construction





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





158AUTILITYWater & Sewer - Salaries & Wages435,106328,739497,932407,058423,135435,800
158B
Water & Sewer - Other Direct 707,953787,386631,751715,8581,067,696588,813
158C
Water & Sewer - Construction





158D
Water & Sewer - Purchase of P,P&E157,200628,840170,201856,9791,800,752612,882
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





161BDEBTWater & Sewer - Interest & Fees32,54526,71427,38053,5691,1811,143
161DSERVICEWater & Sewer - Principal96,25376,386218,050220,24940,61630,517
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 & Fees92,64939,49047,21956,13743,84945,957
166D
All Other - Principal243,7521,300,4181,273,444708,764175,820160,594
167BPENSIONDirect Benefit Program - Other Direct





168BFRINGEFringe Benefits Unallocated





169B
Separation Allowance - Law Enforcement1,704




170B
Separation Allowance - Other Employees





171B
Supplemental Retirement - Law Enforcement27,97067,78476,96667,20155,61263,472
172B
Fringe Benefits Other43,168




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





173BEXPENDMulti-Cnty Libr Dis,Cnty,Or Other - Item #





173C
Multi-Cnty Libr Dis,Cnty,Or Other - Amount





174A
Gen Gov Activities Shared W/ Cnty - Recipient





174B
Gen Gov Activities Shared W/ Cnty - Item #





174C
Gen Gov Activities Shared W/ Cnty - Amount





175A
Highways (Payments to State) - Recipient





175B
Highways (Payments to State) - Item No.





175C
Highways (Payments to State) - Amount





176A
Other - Intergovt. Expenditures - Recipient





176B
Other - Intergovt. Expenditures - Item #





176C
Other - Intergovt. Expenditures - Amount





177A
Other - Intergovt. Expenditures - Recipient





177B
Other - Intergovt. Expenditures - Item #





177C
Other - Intergovt. Expenditures - Amount





178A
Other - Intergovt. Expenditures - Recipient





178B
Other - Intergovt. Expenditures - Item #





178C
Other - Intergovt. Expenditures - Amount





179.0
Current year's levy -- Excluding motor vehicles1,567,755.1,574,711.001,631,906.001,604,363.001,174,484.001,103,291.00
180.0
Current year's levy -- Motor vehicles (only)30,312.23,691.0025,821.0038,719.0058,112.0058,506.00
181.0PART 6Uncollected Taxes - Current Year's Levy Except Mot Veh7,671.7,713.0021,894.0011,361.005,387.002,678.00
182.0OTHERUncollected Taxes - CY Levy -Motor Vehicles5,485862,7144,3405,6564,112
183.0DATAPercentage of Taxes Collected - All Property %99.1899.5198.5299.0499.1099.42
184.0DATAPercentage of Taxes Collected - Exclude Motor Vehicles%99.5199.5198.6699.2999.5499.76
185.0
Percentage of Taxes Collected - Motor Vehicles %81.9099.6489.4988.7990.2792.97
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





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





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





189CINVESTCash On Hand & in Bank - All Other2,435,7832,311,0062,118,5552,315,5922,802,8334,105,675
190A PARTAppropriations Made During FY - B(1) - B(7)





190B 8Expenditures Made During FY - B(1) - B(7)





191.0
Investment in Property - B(1) - B(4)





192.0
Amount Expended During FY - B(5) and B(7)





193.0
Amount of Tax Revenues Taken Into Account





194APART 9Amount - Total Revenues5,908,3486,357,7645,284,1818,791,6314,427,6804,099,409
194BFISCALAmount - Subtract Refunding Bond Proceeds





194CSUMMARYAmount - Subtract Interfund Transfers In816,096




194D
Amount - Net Revenues5,092,2526,357,7645,284,1818,791,6314,427,6804,099,409


Calculated amount5,092,2526,357,7645,284,1818,791,6314,427,6804,099,409


Amounts in AGREEMENT??YesYesYesYesYesYes


Difference





195A
Amount - Total Expenditures5,567,3265,999,6375,659,7109,902,3296,556,5213,929,255
195B
Amount - Subtract Pymts. to Refunded Debt Agent





195C
Amount - Subtract Interfund Transfers Out816,096




195D
Amount - Net Expenditures4,751,2305,999,6375,659,7109,902,3296,556,5213,929,255


Calculated amount4,751,2305,999,6375,659,7109,902,3296,556,5213,929,255


Amounts in AGREEMENT??YesYesYesYesYesYes


Difference














401APart 10Number of residential accounts billed Water





401BWater /Number of residential accounts billed Sewer



2,048
402ASewer Amount processed and/or purchased in units Water136133130136,283156,200
402BOperationsAmount processed and/or purchased in units Sewer11512310799,592116,400
403A
Total amount billed in units - Water120131117133,185148,399
403B
Total amount billed in units - Sewer109112110125,698152,357
404A
Of the total in 403A above how many units were Residential W1009995108,640124,616
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 bulk509,914551,397505,865547,773495,859
408A
Dollars related to 403A above775,418764,306759,072805,891830,873
408B
Dollars related to 403B above422,819425,715411,878108,639,779427,153
409A
Dollars related to 404A above698,202692,588683,481108,364,929752,701
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 above2,1082,0761,9981,978

421A
Number of residential accounts billed - Water2,0592,0312,0101,978

421B
Number of residential accounts billed - Sewer47454897

422A
Number of non-residential & bulk accounts billed - Water41409748

422B
Number of non-residential & bulk accounts billed - Sewer222222
423A
Estimated percentage of accounts outside of municipal limits
































950.0
OfficialArlen Copenhaver

951.0
TitleFinance Officer

952.0
Date10/12/201111/24/201012/02/200911/14/200711/30/200701/17/2007
953.0
ContactArlen Copenhaver

954.0
TitleFinance Officer

955.0
Phone(910) 458-8216




956.0
Fax(910) 458-7421




957.0
E-Mail:


















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Key Ratios and Operations Statistics of Water and Sewer Systems for



Town of Kure Beach













201120102009200820072006








Population
2,0202,2302,2002,1602,0481,964
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
$1,546,8171,414,0901,384,4031,556,6611,110,4941,240,115
Total Operating Revenues Per Capita
$766634629721542631
Group Weighted Average Revenues Per Capita58297297297281269
State Weighted Average Revenues Per Capita20273252255255249








% 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/A5.394.421.661.778.82
Group Weighted Average
3.813.333.092.803.183.56
State Weighted Average
3.943.212.822.962.912.83








Days Sales in Receivables
8.058.243.961.138.131.0
Group Weighted Average
8.845.445.450.249.743.7
State Weighted Average
13.057.958.556.661.659.8








Days Cash on Hand
293.2233.4191.4237.3341.5834.8
Group Weighted Average
-408.0452.5429.1447.8667.7505.0
State Weighted Average
-80.4613.4559.6588.2645.7570.9








Cash flow from Operations
$409,286222,142292,422-209,88116,301501,361








Debt to Equity
0.190.150.170.220.250.00
Group Weighted Average
0.210.250.270.290.270.28
State Weighted Average
0.310.590.540.540.550.55








Debt per Capita
56340342653562613
Group Weighted Average
63433463494439428
State Weighted Average
34897784781761733








Capital Expenditures:
201120102009200820072006


$000000










2005200420032002



$71,53893,687302,404111,181









Capital Contributions: Excluded from income above
$44,270578,54252,382000
















Operating Statistics














Estimated population of the areas served Water00002,048NA
Estimated population of the areas served Sewer00002,048NA








Number of Gallons of Water Processed (000) omitted136133130136,283156,200NA
Number of Gallons of Sewage Processed (000) omitted11512310799,592116,400NA








Number of Gallons of Water Billed (000) omitted120131117133,185148,399NA
Number of Gallons of Sewage Billed (000) omitted109112110125,698152,357NA








Ratio of Water Billed to Water Processed0.878790.983230.900000.977270.95006NA
Ratio of Sewage Billed to Sewage Processed0.950000.913011.028041.262131.30891NA








Total Revenue from Water Sales509,914551,397505,865547,773495,859NA
Total Revenue from Sewage Sales775,418764,306759,072805,891830,873NA








Water Revenue per 1000 gallons of Sales




242.11865NA
Sewage Revenue per 1000 gallons of Sales




405.69971NA








Group Average Sales per thousand Gallons Water$0.00016$58.68442$27.87923$1,769.81984$14,046.04813NA
Group Average Sales per thousand Gallons Sewage$0.00022$82.78241$36.57171$899.82774$7,994.92601NA








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








Residential Water Sales per thousand Gallons$4,238.362074,306.241154,335.55789999.997973.42775NA
Residential Sewage Sales per thousand Gallons$7,412.697747,126.857387,271.07447999.999345.97652NA








Water Sales per thousand Gallons outside Municipal Limits



2.50301NA
Sewage Sales per thousand Gallons outside Municipal Limits



2.61107NA








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




Financial Graphs and Comparisons


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Analysis of Available Fund Balance:  General Fund

20072008200920102011
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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Analysis of Property Tax

20072008200920102011
Municipality99.10%99.04%98.52%99.51%99.18%
Pop. Group97.18%96.86%95.99%95.37%96.37%
Statewide97.58%97.56%97.34%97.36%97.59%






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






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Analysis of General Obligation Debt

20072008200920102011
Municipality00000
Pop. Group294277265256#N/A
Statewide478456455449#N/A






Municipal Population Group: 1,000 to 2,499






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Analysis of Revenue

20072008200920102011
Property Tax$600745711723788
Utility628789685714897
Sales Tax233226246189209
Sales & Services123115175205189
Intergovernmental147116479710169
Debt Proceeds161937012
Other Miscellaneous4152,06069299256
Total$2,1624,0702,4022,8402,520

Go to top of page
Analysis of Revenue for Fiscal 2011











2011
2011
CategoryRevenue
Per Capita
Property Tax$1,592,182
$788
Water/Sewer265,071
131
Electric1,546,817
766
Other Utilities0
0
Sales Tax422,614
209
Sales & Services382,096
189
Intergovernment341,688
169
Debt Proceeds23,625
12
Miscellaneous516,667
256
Total$5,090,760
$2,520





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





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Analysis of Expenditures by Function for Fiscal 2011











2011
2011
CategoryExpenditures
Per Capita
General Government$450,487
$223
Water/Sewer30,911
15
Electric1,300,259
644
Other Utilities-30,911
-15
Debt Service465,199
230
Transportation78,489
39
Public Safety1,422,024
704
Other1,034,772
512
Total$4,751,230
$2,352





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





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Analysis of Expenditures by Object for Fiscal 2011






2011
2011
CategoryExpenditures
Per Capita
Salaries & Wages$2,109,389
$1,044
Water/Sewer Capital0
0
Electric Capital157,200
78
Other Capital307,716
152
Other Operating2,176,925
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