North Carolina
Department of State Treasurer
Financial Information
Town of Manteo

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 Go to top of page			2011	2010	2009	2008	2007	2006
	Revenues by Source
		Property Tax	$1,649,405	1,504,290	1,429,143	1,398,430	1,367,039	1,341,577
		Utility	1,665,355	1,628,153	1,346,787	1,441,557	1,270,270	1,426,582
		Sales Tax	465,460	449,576	465,741	496,125	496,369	476,832
		Sales & Services	225,340	232,703	220,907	260,341	152,590	36,167
		Intergovernmental	264,624	463,227	548,464	664,021	242,435	446,813
		Debt Proceeds	11,292	12,109	13,366	15,778	16,406	-
		Other Miscellaneous	808,084	776,618	971,870	1,702,977	1,155,640	1,240,851
		Total	$5,089,560	5,066,676	4,996,278	5,979,229	4,700,749	4,968,822

	Expenditures by Function
		Utility	$1,559,376	1,487,102	1,711,629	2,467,603	1,257,785	1,353,662
		Debt Service	286,065	293,180	302,878	253,636	233,093	249,226
		Transportation	292,239	405,522	369,211	292,367	16,819	189,394
		General Government	995,774	997,403	1,140,276	1,365,778	1,157,298	613,481
		Public Safety	939,992	884,372	822,508	956,565	871,010	902,952
		Other	1,037,896	878,555	987,392	936,128	1,366,552	1,329,182
		Total	$5,111,342	4,946,134	5,333,894	6,272,077	4,902,557	4,637,897

	Expenditures by Object
		Salaries & Wages	$1,459,670	1,486,238	1,439,905	1,290,411	1,245,889	1,095,139
		Capital Outlay	615,622	463,833	803,414	1,730,114	1,110,472	545,655
		Other Operating + Debt Service	3,036,050	2,996,063	3,090,575	3,251,552	2,546,196	2,997,103
		Total	$5,111,342	4,946,134	5,333,894	6,272,077	4,902,557	4,637,897


	Per Capita Revenues by Source
		Property Tax	$1,151	1,441	1,370	1,312	1,253	1,187
		Utility	1,162	1,560	1,291	1,352	1,164	1,262
		Sales Tax	325	429	446	465	456	423
		Sales & Services	157	223	212	244	140	32
		Intergovernmental	185	444	526	623	222	395
		Debt Proceeds	8	12	13	15	15	-
		Other Miscellaneous	564	744	932	1,598	1,059	1,098
		Total	$3,552	4,853	4,790	5,609	4,309	4,397

	Per Capita Expenditures by Function
		Utility	$1,088	1,424	1,641	2,315	1,153	1,198
		Debt Service	200	281	290	238	214	221
		Transportation	204	388	354	274	15	168
		General Government	695	956	1,093	1,282	1,061	542
		Public Safety	656	847	789	897	798	799
		Other	724	842	947	878	1,253	1,176
		Total	$3,567	4,738	5,114	5,884	4,494	4,104

	Per Capita Expenditures by Object
		Salaries & Wages	$1,019	1,424	1,381	1,211	1,142	969
		Capital Outlay	430	444	770	1,623	1,018	483
		Other Operating	2,118	2,870	2,963	3,050	2,334	2,652
		Total	$3,567	4,738	5,114	5,884	4,494	4,104

	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	102	96	100	101	101	103
		Average Population In Group	1,623	1,660	1,652	1,661	1,642	1,638
		Town of Manteo Population	1,433	1,044	1,043	1,066	1,091	1,130
	Group Average Per Capita Revenues by Source
		Property Tax	433	414	422	406	369	348
		Utility	472	435	436	423	430	399
		Sales Tax	154	153	178	201	195	180
		Sales & Services	103	82	76	80	77	71
		Intergovernmental	274	233	228	217	220	243
		Debt Proceeds	36	39	33	46	38	46
		Other Miscellaneous	100	129	162	261	203	273
		Total	1,572	1,485	1,535	1,634	1,532	1,560

	Group Average Per Capita Expenditures by Function
		Utility	465	499	531	572	461	487
		Debt Service	139	130	154	126	110	108
		Transportation	148	142	148	140	142	131
		General Government	239	204	216	265	201	222
		Public Safety	391	348	350	384	346	326
		Other	197	177	201	203	206	205
		Total	1,579	1,500	1,600	1,690	1,466	1,479

	Group Average Per Capita Expenditures by Object
		Salaries & Wages	527	465	480	450	427	402
		Capital Outlay	244	258	302	483	305	373
		Other Operating	808	777	818	757	733	704
		Total	1,579	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		$3,222,857	3,235,549	3,314,630	3,524,842	3,198,115	3,411,005
	General Fund expenditures		2,921,939	2,978,355	3,129,049	3,402,745	3,211,556	3,024,063
	Operating transfers in		-	-	-	-	-	-
	Operating transfers out		-	141,300	433,300	8,300	22,300	12,800
	Capital leases and installment purchase proceeds		-	-	-	-	-	-
	Other items		-	-	-	-	-	-
	Excess of revenues and other sources over (under) expenditures and other uses		300,918	115,894	(247,719)	113,797	(35,741)	374,142

	Fund balance available (FBA):
		In dollars	$0	2,885,804	3,028,770	3,181,950	3,119,089	3,178,597
		FBA as a % of GF Net Expenditures:
		Unit's FBA %	0.00	92.50	85.02	93.28	96.45	104.67
		Group weighted average FBA %	73.24	66.79	66.05	62.44	65.48	64.58
		State weighted average Non-Electric Group	26.68	38.71	37.89	36.66	37.39	37.38
		State weighted average FBA %	29.01	37.47	37.03	36.35	36.54	36.96


Enterprise Funds: Go to top of page
	Water/Sewer

	Combined financial results:
		Working capital	($25,397)	123,453	143,382	258,298	799,475	960,424
		Quick ratio	0.93	1.34	1.38	1.41	3.12	3.68
		Net income	(74,266)	15,804	72,561	(118,629)	(82,936)	22,356
		Cashflow from operations	292,610	211,947	(193,298)	(156,767)	(10,050)	271,950
		Depreciation & Amortization Expense	269,761	274,267	262,357	226,761	214,670	210,304



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

		Population at July 1st of the Previous Year	1,433	1,044	1,043	1,066	1,091	1,130
		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	$3,997,478	$3,911,668	$4,049,205	$4,534,721	$4,720,289	$4,941,291
		Investment Earnings	4,867	7,696	75,512	208,154	276,760	210,436
		Tax Rate Equivalent	0.0007	0.0011	0.0110	0.0314	0.0426	0.0339
		Tax Rate Equivalent Group weighted average	0.0031	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	2005	2005	2005	2005	2005	2005
		January 1, Prior Year Assessed Valuation	$694,777,111	697,416,723	685,099,402	663,719,686	649,912,575	619,947,006
		Tax Rate	0.2350	0.2150	0.2150	0.2150	0.2150	0.2150
		Tax Rate Group weighted average	0.2777	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	118.73	112.83	92.46	83.08	82.84	98.94
		Assessment -to-Sales Ratio Group weighted average	100.82	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	$585,174,018	618,112,845	740,968,421	798,892,256	784,539,564	626,588,848
		EffectiveTax Rate	0.2790	0.2426	0.1988	0.1786	0.1781	0.2127
		Group weighted average Effective Tax Rate	0.2800	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	99.1200	98.2100	97.9000	99.0700	99.4800	99.3300
		Percent Collected Group weighted average	96.53	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	99.29	98.42	98.10	99.29	99.71	99.58
		Percent Collected Excluding Motor Vehicles Group weighted average	97.18	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	89.38	87.00	88.56	89.26	90.07	90.27
		Percent Collected Motor Vehicles Only Group weighted average	84.33	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	39,726	50,035	58,303	40,843	36,274	42,050
		Tax Rate Equivalent	0.0057	0.0072	0.0085	0.0062	0.0056	0.0068
		Dominant County: Dare
	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	$270,000	302,500	333,500	363,000	391,000	417,500
		General Government GO Debt	0	0	0	0	0	0
		Total General Obligation Debt	270,000	302,500	333,500	363,000	391,000	417,500
		Per Capita	$188	290	320	341	358	369
		Total Per Capita for the Population Group	236	256	265	277	294	297
		Total Per Capita Statewide	450	449	455	456	478	495
		Total per Assessed Valuation Adjusted for Current Year Sales	0.0461%	0.0489%	0.0450%	0.0454%	0.0498%	0.0666%
		Total per Assessed Valuation Adjusted for Current Year Sales- Group Average	0.1642%	0.1838%	0.1750%	0.1852%	0.2336%	0.2606%
		Total per Assessed Valuation Adjusted for Current Year Sales - Statewide	0.4280%	0.4134%	0.3909%	0.4132%	0.4706%	0.5275%
		Total Authorized but not Issued General Obligation Debt

		Installment Sales Purchases and Lease Obligations
		--Enterprise	$0	0	0	0	0	0
		--General Government	67,912	86,864	105,816	124,768	143,720	162,672
		Total*	$67,912	86,864	105,816	124,768	143,720	162,672
		* The total only includes the contracts that require Local Government Commission approval.
		Revenue Bond Debt	$918,312	1,102,489	1,286,665	1,470,841	885,073	1,032,585


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		1,433	1,044	1,043	1,066	1,091	1,130

1.5A	FISCAL	Governmental Activities Assets	9,202,452	8,954,979	8,540,298	8,562,531	7,353,958	6,605,413
1.5B	SUMMARY	Governmental Activities Liabilities	383,496	468,885	377,775	509,306	411,667	373,125
3.5A		Business Type Activities Assets	6,851,621	6,831,617	7,022,145	7,167,994	6,745,717	6,984,391
3.5B		Business Type Activities Liabilties	1,425,510	1,601,240	1,807,573	2,025,982	1,485,076	1,640,814
6.5A		Fiduciary Funds Assets
6.5B		Fiduciary Funds Liabilties
10.0	PART 2	Current Collections of Unit -Wide Levy	1,619,364	1,472,007	1,415,885	1,388,900	1,356,225	1,320,822
11.0	TAX	Current Collections of Special Tax Districts
12.0	REVENUES	Prior Years' Levy Collections	25,380	26,153	8,247	5,945	7,123	15,133
13.0		Penalties and Interest	4,661	6,130	5,011	3,585	3,691	5,622
14.0		Collections of Taxes Previously Written Off
15.0		Animal Tax
15.1		Solid Waste Disposal Tax	700	727
16.0		1% Local Government Option Sales Tax	266,747	289,876	275,038	271,142	270,031	270,115
17.0		1/2% Local Government Option Sales Tax (40)	126,688	56,182	60,315	67,501	68,058	59,361
18.0		1/2% Local Government Option Sales Tax (42)	57,449	68,964	58,139	65,531	66,150	57,669
18.5		1/2% Local Government Option Sales Tax (44)	14,576	34,554	72,249	91,951	92,130	89,687
19.0		Privilege Licenses	10,189	17,984	15,369	15,972	17,131	18,799
19.2		Privilege -- All other privileges and pemits
20.0		Auto Licenses
21.0		Vehicle Tax for Public Transportation
22.0		Other Licenses	5,382	5,081	5,579	5,499	17,367
23.0		Local Occupancy Tax	609,962	566,287	575,416	582,705	538,048	464,208
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				22,835		43,131
31.0		Transportation - Streets
32.0		Transportation - All Other
33.0		Environmental Protection
34.0		Econ. & Phys. Dev. - Housing/Comm. Dev.
35.0		Econ. & Phys. Dev. - All Other
36.0		Human Services: Health, Mental Hlt & Hosp
37.0		Human Services: All Other
38.0		Culture & Recreation
39.0	STATE	Payments In Lieu of Taxes - State
40.0	INTERGOV	Unauthorized Substance Tax						298
41.0	REVENUES	Transitional Hold Harmless
42.0		Wireless Enhanced 911 Service Charges
42.1		Emergency Telephone Services Fund (ETSF) Revenues (Do not include interest)
42.2		ETSF Interest Income
43.0		Piped Natural Gas Charge Distribution
44.0		Utility Franchise Tax	190,934	172,578	176,993	169,495	116,176	107,397
45.0		Beer and Wine Tax	4,601	1,488	4,787	5,026	5,106	4,960
46.0		Powell Bill	23,566	23,500	27,210	30,648	28,473	28,991
50.0		Court Fees - Facilities and Arrest Fees	644	1,296	961	1,791	1,715	606
51.0		General Government	15,690	33,333	16,667		34,200	261,430
52.0		Public Safety
53.0		Transportation - Streets
54.0		Transportation - All Other
55.0		Environmental Protection	29,189	231,032	76,846	145,138
56.0		Econ. & Phys. Dev. - Housing/Community Dev
57.0		Econ. & Phys. Dev. - All Other
58.0		Human Services -Health, Mental Health, Hosp
59.0		Human Services - All Other
60.0		Culture and Recreation
61.0	LOCAL	Payments in Lieu of Taxes - Local
62.0	INTERGOV	General Government			245,000	289,088	56,765
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
71.0	PERMITS	Building Permits	34,342	30,858	51,747	63,302	86,304	182,677
72.0	& FEES	Inspection Fees
72.1		Amusements licensing and permit taxes
73.0		Other Permits
74.0	SALES &	Parking Revenues	460	450	775	590	950	500
75.0	SERVICES	Rents and Royalties	33,229	39,548	21,233	16,780	6,923	6,593
76.0		Airport
77.0		Fire Protection Charges
78.0		Solid Waste
79.0		Ambulance and Rescue Squad Charges
80.0		Cemeteries	19,500	6,700	17,450	47,150	7,850	1,450
81.0		Recreation Service Revenues				195,821	136,867	27,624
82.0		Library Service Revenues
83.0		Other Cultural and Rec Service Revenues	172,151	186,005	181,449
84.0		Mass Transit - City Operated
85.0		Other Sales and Services
86.0	UTILITY	Water and Sewer Charges	1,665,355	1,628,153	1,346,787	1,441,557	1,270,270	1,426,582
87.0	REVENUES	Electric Charges
88.0		Gas Charges
88.1		Storm Water Fees
89.0	MISC.	Investment Earnings - Bond Proceeds
90.0	REVENUES	Investment Earnings - All Other Funds	4,867	7,696	75,512	208,154	276,760	210,436
91.0		Special Assessments	126,625	124,316	113,911	161,569	198,301	296,302
92.0		Private Contributions and Donations						20,000
93.0		Sales of Materials and Fixed Assets	5,874	14,747	16,426	20,024	12,051	10,307
94.0		Sale of Real Property						24,363
95.0		Nongovt Contr For Streets & Traffic Signals
96.0		ABC Mixed Drink Surcharge
97.0		ABC Profit Distribution	10,843	9,649	15,775	14,607	9,678	13,759
98.0		Other Miscellaneous Revenues	11,292	12,109	13,366	15,778	16,406
99.0		Proceeds of Sale of Bonds and Notes
100.0		Proceeds of Capital Leases/Install Purchases			102,135	631,145
101.0		Other
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
106.0		Deposits Other than Utility
107.0		Prepaid Taxes
108.0		Prepaid Privilege Licenses
109A	PART 4	Governing Body - Salaries & Wages	38,400	38,400	37,950	26,450	25,800	23,400
109B	GENERAL	Governing Body - Other Direct	21,631	22,831	14,868	16,698	9,209	15,622
109C	GOVT	Governing Body - Construction
109D		Governing Body - Purchase of P,P&E
110A		Administration - Salaries & Wages	189,804	184,790	181,385	155,888	154,428	129,799
110B		Administration - Other Direct	216,726	144,792	203,437	247,670	155,173	170,023
110C		Administration - Construction
110D		Administration - Purchase of P,P&E
111A		Elections - Salaries & Wages
111B		Elections - Other Direct	5,130
111C		Elections - Construction
111D		Elections - Purchase of P,P&E
112A		Finance - Salaries & Wages	81,595	89,815	86,644	76,470	69,688	65,725
112B		Finance - Other Direct	83,552	61,017	44,421	43,660	47,273	38,341
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	48,125	65,588	58,686
114C		Legal - Construction
114D		Legal - Purchase of P,P&E
115A		Public Buildings - Salaries & Wages
115B		Public Buildings - Other Direct	109,662	117,279	129,346	228,971	101,542	170,571
115C		Public Buildings - Construction	65,239	231,032	30,118		127,720
115D		Public Buildings - Purchase of P,P&E	135,910	41,859	353,421	569,971	466,465
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	356,098	353,318	348,366	374,340	346,298	367,568
119B	SAFETY	Police & Comm - Traffic Control - Other Direct	252,126	246,203	222,150	279,572	273,379	261,704
119C		Police & Comm - Traffic Control - Construction
119D		Police & Comm - Traffic Control - Purchase of P,P&E	73,860	31,008	5,445	54,570	15,220	27,377
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
122B		Fire - Other Direct	232,000	228,000	221,000	221,000	221,000	221,000
122C		Fire - Construction
122D		Fire - Purchase of P,P&E
123A		Inspectors - Salaries & Wages
123B		Inspectors - Other Direct
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
126B		Pub. Safety All Other - Other Direct
126C		Pub. Safety All Other - Construction
126D		Pub. Safety All Other - Purchase of P,P&E
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	120,521	126,360	123,973	117,811
128B		Streets and Highways - Other Direct	134,470	169,627	189,098	149,984	11,425	10,421
128C		Streets and Highways - Construction						90,313
128D		Streets and Highways - Purchase of P,P&E	36,848			10,508		47,530
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	400	109,535	16,220	14,064	5,394	1,358
130C		Powell Bill - Construction			39,920			39,772
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	120,521	126,360	123,973	117,811	224,018	206,131
136B	MENTAL	Solid Waste - Other Direct	248,509	246,485	268,820	252,041	384,470	415,236
136C	PROTECTION	Solid Waste - Construction
136D		Solid Waste - Purchase of P,P&E		50,681			161,966	46,966
137A		Drainage & Watershed - Salaries & Wages
137B		Drainage & Watershed - Other Direct
137C		Drainage & Watershed - Construction
137D		Drainage & Watershed - Purchase of P,P&E
138A		Cemeteries - Salaries & Wages
138B		Cemeteries - Other Direct	1,000	20,230	20,041	18,125	11,423	10,946
138C		Cemeteries - Construction			15,947		21,183
138D		Cemeteries - Purchase of P,P&E
139A		Environ. All Other - Salaries & Wages
139B		Environ. All Other - Other Direct
139C		Environ. All Other - Construction
139D		Environ. All Other - Purchase of P,P&E
140A	ECONOMIC	Planning & Zoning - Salaries & Wages	116,075	114,268	123,465	106,541	102,347	82,142
140B	& PHYSICAL	Planning & Zoning - Other Direct	140,251	90,143	203,455	214,503	129,885	413,337
140C	DEVELOP	Planning & Zoning - Construction					111,637	119,390
140D		Planning & Zoning - Purchase of P,P&E			5,000	13,880	7,227
141A		Economic Development - Salaries & Wages
141B		Economic Development - Other Direct
141C		Economic Development - Construction
141D		Economic Development - Purchase of P,P&E
142A		Community Development - Salaries & Wages
142B		Community Development - Other Direct
142C		Community Development - Construction
142D		Community Development - Purchase of P,P&E
143A		Housing & Urban Renewal - Salaries & Wages
143B		Housing & Urban Renewal - Other Direct
143C		Housing & Urban Renewal - Construction
143D		Housing & Urban Renewal - Purchase of P,P&E
144A		Special Empl Programs - Salaries & Wages
144B		Special Empl Programs - Other Direct
144C		Special Empl Programs - Construction
144D		Special Empl Programs - Purchase of P,P&E
145A		Econ. Dev. All Other - Salaries & Wages
145B		Econ. Dev. All Other - Other Direct
145C		Econ. Dev. All Other - Construction
145D		Econ. Dev. All Other - Purchase of P,P&E
146A	HUMAN	Health - Salaries & Wages
146B	SERVICES	Health - Other Direct
146C		Health - Construction
146D		Health - Purchase of P,P&E
147A		Mental Health - Salaries & Wages
147B		Mental Health - Other Direct
147C		Mental Health - Construction
147D		Mental Health - Purchase of P,P&E
148A		Social Services - Salaries & Wages
148B		Social Services - Other Direct
148C		Social Services - Construction
148D		Social Services - Purchase of P,P&E
149B		Hospital-City - Other Direct
150B		Hospital-Private - Other Direct
151A		Legal Aid - Salaries & Wages
151B		Legal Aid - Other Direct
151C		Legal Aid - Construction
151D		Legal Aid - Purchase of P,P&E
152A		Human Serv. All Other - Salaries & Wages
152B		Human Serv. All Other - Other Direct
152C		Human Serv. All Other - Construction
152D		Human Serv. All Other - Purchase of P,P&E
153A	CULTURE	Recreation & Parks - Salaries & Wages	54,289	54,754	53,414		31,483
153B	RECREATION	Recreation & Parks - Other Direct	146,868	136,232	125,700	142,772	57,034
153C		Recreation & Parks - Construction	164,747				79,000
153D		Recreation & Parks - Purchase of P,P&E				13,021
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	45,636	39,402	47,577	57,434	44,879	35,034
157C		Cult. & Recr. All Other - Construction
157D		Cult. & Recr. All Other - Purchase of P,P&E
158A	UTILITY	Water & Sewer - Salaries & Wages	382,367	398,173	360,735	315,100	291,827	220,374
158B		Water & Sewer - Other Direct	1,037,991	979,676	997,331	1,084,339	845,904	958,981
158C		Water & Sewer - Construction			353,563	1,046,824	47,424	102,570
158D		Water & Sewer - Purchase of P,P&E	139,018	109,253		21,340	72,630	71,737
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	46,447	54,285	64,439	52,298	59,081	66,214
161D	SERVICE	Water & Sewer - Principal	216,676	215,176	213,675	175,512	174,012	183,012
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	3,721	4,767	5,812	6,874
166D		All Other - Principal	19,221	18,952	18,952	18,952
167B	PENSION	Direct Benefit Program - Other Direct
168B	FRINGE	Fringe Benefits Unallocated
169B		Separation Allowance - Law Enforcement	9,629	9,629	9,629	10,366		9,629
170B		Separation Allowance - Other Employees
171B		Supplemental Retirement - Law Enforcement	16,279	16,214	15,918	16,717	15,113	15,674
172B		Fringe Benefits Other
173A	INTERGOV	Multi-Cnty Libr Dis,Cnty,Or Other - Recipient
173B	EXPEND	Multi-Cnty Libr Dis,Cnty,Or Other - Item #
173C		Multi-Cnty Libr Dis,Cnty,Or Other - Amount
174A		Gen Gov Activities Shared W/ Cnty - Recipient
174B		Gen Gov Activities Shared W/ Cnty - Item #
174C		Gen Gov Activities Shared W/ Cnty - Amount
175A		Highways (Payments to State) - Recipient
175B		Highways (Payments to State) - Item No.
175C		Highways (Payments to State) - Amount
176A		Other - Intergovt. Expenditures - Recipient
176B		Other - Intergovt. Expenditures - Item #
176C		Other - Intergovt. Expenditures - Amount
177A		Other - Intergovt. Expenditures - Recipient
177B		Other - Intergovt. Expenditures - Item #
177C		Other - Intergovt. Expenditures - Amount
178A		Other - Intergovt. Expenditures - Recipient
178B		Other - Intergovt. Expenditures - Item #
178C		Other - Intergovt. Expenditures - Amount
179.0		Current year's levy -- Excluding motor vehicles	1,605,451.	1,472,040.00	1,439,572.00	1,394,214.00	1,352,233.00	1,313,808.00
180.0		Current year's levy -- Motor vehicles (only)	28,323.	26,739.00	31,003.00	30,882.00	32,290.00	36,550.00
181.0	PART 6	Uncollected Taxes - Current Year's Levy Except Mot Veh	11,403.	23,296.00	27,300.00	9,961.00	3,984.00	5,500.00
182.0	OTHER	Uncollected Taxes - CY Levy -Motor Vehicles	3,007	3,476	3,546	3,318	3,207	3,557
183.0	DATA	Percentage of Taxes Collected - All Property %	99.12	98.21	97.90	99.07	99.48	99.33
184.0	DATA	Percentage of Taxes Collected - Exclude Motor Vehicles%	99.29	98.42	98.10	99.29	99.71	99.58
185.0		Percentage of Taxes Collected - Motor Vehicles %	89.38	87.00	88.56	89.26	90.07	90.27
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	3,997,478	3,911,668	4,049,205	4,534,721	4,720,289	4,941,291
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	5,090,260	5,067,403	4,996,278	5,979,229	4,700,749	4,968,822
194B	FISCAL	Amount - Subtract Refunding Bond Proceeds
194C	SUMMARY	Amount - Subtract Interfund Transfers In
194D		Amount - Net Revenues	5,090,260	5,067,403	4,996,278	5,979,229	4,700,749	4,968,822
		Calculated amount	5,090,260	5,067,403	4,996,278	5,979,229	4,700,749	4,968,822
		Amounts in AGREEMENT??	Yes	Yes	Yes	Yes	Yes	Yes
		Difference
195A		Amount - Total Expenditures	5,111,342	4,946,134	5,333,894	6,272,077	4,902,557	4,637,897
195B		Amount - Subtract Pymts. to Refunded Debt Agent
195C		Amount - Subtract Interfund Transfers Out
195D		Amount - Net Expenditures	5,111,342	4,946,134	5,333,894	6,272,077	4,902,557	4,637,897
		Calculated amount	5,111,342	4,946,134	5,333,894	6,272,077	4,902,557	4,637,897
		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					1,100
402A	Sewer	Amount processed and/or purchased in units Water	106	100	110
402B	Operations	Amount processed and/or purchased in units Sewer	102	118	103
403A		Total amount billed in units - Water	65	76	80
403B		Total amount billed in units - Sewer	69	61	61
404A		Of the total in 403A above how many units were Residential W	37	57	42
404B		Of the total in 403B above how many units were Residential S
405A		Of the total in 403 above, how many units were Outside Muni W
405B		Of the total in 403 above, how many units were Outside Muni S
406A		Of the total in 405A above how many units were Residential W
406B		Of the total in 405B above how many units were Residential S
407A		Of the total in 403A, how many units were sold for redistribution
407B		Of the total in 403B how many unit were delivered in bulk	561,939	543,778	486,134
408A		Dollars related to 403A above	1,020,424	960,284	780,353
408B		Dollars related to 403B above	337,163	405,357
409A		Dollars related to 404A above	612,254	710,610
409B		Dollars related to 404B above
410A		Dollars related to 405A above
410B		Dollars related to 405B above
411A		Dollars related to 406A above
411B		Dollars related to 406B above
412A		Dollars related to 407A above
412B		Dollars related to 407B above	1,294	1,105	1,304
421A		Number of residential accounts billed - Water	1,074	1,068	1,053
421B		Number of residential accounts billed - Sewer	239	404	178
422A		Number of non-residential & bulk accounts billed - Water	177	180	193
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	Shannon Twiddy
951.0		Title	Finance Officer
952.0		Date	11/15/2011	01/05/2011	12/22/2009	01/21/2009	11/27/2007	12/06/2006
953.0		Contact	Teresa Osborne
954.0		Title	Auditor for local government
955.0		Phone	252-473-2133
956.0		Fax
957.0		E-Mail:

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

	2011	2010	2009	2008	2007	2006

Population	1,433	1,044	1,043	1,066	1,091	1,130
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	1,637,753	1,297,419	1,199,795	1,079,898	1,426,582
Total Operating Revenues Per Capita	$0	1,569	1,244	1,126	990	1,262
Group Weighted Average Revenues Per Capita	34	289	290	290	274	263
State Weighted Average Revenues Per Capita	7	272	252	255	255	249

% to Total Operating Revenues
Operating Expenses	0.00%	101.85%	125.32%	135.77%	125.77%	97.33%
Group Weighted Average	99.05%	105.51%	106.51%	104.66%	105.75%	103.04%
State Weighted Average	91.62%	83.21%	87.12%	84.06%	80.00%	79.32%

Operating Margin	0.00%	-1.85%	-25.32%	-35.77%	-25.77%	2.67%
Group Weighted Average	0.95%	-5.51%	-6.51%	-4.66%	-5.75%	-3.04%
State Weighted Average	8.38%	16.79%	12.88%	15.94%	20.00%	20.68%

Operating Transfers In	0.00%	6.11%	30.83%	0.00%	0.00%	0.00%
Group Weighted Average	16.51%	10.42%	6.34%	4.91%	3.25%	3.52%
State Weighted Average	27.09%	1.59%	1.20%	1.28%	1.10%	1.57%

Operating Transfers Out	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Group Weighted Average	18.35%	1.61%	7.42%	1.88%	2.88%	15.74%
State Weighted Average	52.67%	1.55%	2.65%	3.15%	1.86%	2.84%

Net Income before capital contributions	0.00%	0.96%	1.05%	-36.26%	-7.68%	1.57%
Group Weighted Average	-77.01%	11.11%	-26.45%	26.08%	15.63%	14.62%
State Weighted Average	643.66%	15.82%	-9.92%	18.20%	25.61%	24.40%

Key Ratios and Cash Flow

Quick Ratio	0.93	1.34	1.38	1.41	3.12	3.68
Group Weighted Average	3.96	3.33	3.09	2.80	3.18	3.56
State Weighted Average	4.02	3.21	2.82	2.96	2.91	2.83

Days Sales in Receivables	8.0	74.6	78.0	64.0	72.1	78.3
Group Weighted Average	4.1	45.5	45.4	50.5	49.9	43.3
State Weighted Average	1.2	57.9	58.5	56.7	61.6	59.8

Days Cash on Hand	0.0	46.0	67.3	132.4	308.8	333.4
Group Weighted Average	-105.6	471.6	447.9	455.0	692.9	524.2
State Weighted Average	-16.4	614.6	560.8	588.9	647.0	571.9

Cash flow from Operations	$292,610	211,947	-193,298	-156,767	-10,050	271,950

Debt to Equity	0.00	0.27	0.31	0.38	0.24	0.27
Group Weighted Average	0.27	0.24	0.26	0.29	0.27	0.28
State Weighted Average	0.22	0.59	0.54	0.54	0.55	0.55

Debt per Capita	0	1,346	1,553	1,835	1,170	1,296
Group Weighted Average	38	422	451	482	433	421
State Weighted Average	8	897	783	781	761	733

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

	2005	2004	2003	2002
	$0	234,606	575,342	0

Capital Contributions: Excluded from income above	$0	0	58,968	316,362	0	0


Operating Statistics

Estimated population of the areas served Water	0	0	0	0	1,100	NA
Estimated population of the areas served Sewer	0	0	0	0	1,100	NA

Number of Gallons of Water Processed (000) omitted	106	100	110	0	0	NA
Number of Gallons of Sewage Processed (000) omitted	102	118	103	0	0	NA

Number of Gallons of Water Billed (000) omitted	65	76	80	0	0	NA
Number of Gallons of Sewage Billed (000) omitted	69	61	61	0	0	NA

Ratio of Water Billed to Water Processed	0.61321	0.75950	0.73253			NA
Ratio of Sewage Billed to Sewage Processed	0.67647	0.51415	0.59303			NA

Total Revenue from Water Sales	561,939	543,778	486,134	0	0	NA
Total Revenue from Sewage Sales	1,020,424	960,284	780,353	0	0	NA

Water Revenue per 1000 gallons of Sales					0.00000	NA
Sewage Revenue per 1000 gallons of Sales					0.00000	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	$0.00023	$82.78241	$36.57171	$899.82774	$7,994.92601	NA

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

Residential Water Sales per thousand Gallons	$9,112.51351	7,160.51934	0.00000			NA
Residential Sewage Sales per thousand Gallons	$19,750.12903	24,785.83886	0.00000			NA

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

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

Financial Graphs and Comparisons

Analysis of Available Fund Balance: General Fund
Analysis of Property Tax Collection %
Analysis of General Obligation Debt
Analysis of Revenue (5 years)
Analyis of Revenue (most recent fiscal year)
Analysis of Expenditures by Function
Analysis of Expenditures by Object

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Analysis of Available Fund Balance: General Fund

	2007	2008	2009	2010	2011
Unit's FBA %	96.45%	93.28%	85.02%	92.50%	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%	26.68%
State average FBA %	36.54%	36.35%	65.48%	37.47%	29.01%

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

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2007 2008 2009 2010 2011

Municipality 99.48% 99.07% 97.90% 98.21% 99.12%

Pop. Group 97.18% 96.86% 95.99% 95.37% 96.53%

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	99.48%	99.07%	97.90%	98.21%	99.12%
Pop. Group	97.18%	96.86%	95.99%	95.37%	96.53%
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 358 341 320 290 188

Pop. Group 294 277 265 256 236

Statewide 478 456 455 449 450

Municipal Population Group: 1,000 to 2,499

	2007	2008	2009	2010	2011
Municipality	358	341	320	290	188
Pop. Group	294	277	265	256	236
Statewide	478	456	455	449	450

Municipal Population Group: 1,000 to 2,499

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2007 2008 2009 2010 2011

Property Tax $1,253 1,312 1,370 1,441 1,151

Utility 1,164 1,352 1,291 1,560 1,162

Sales Tax 456 465 446 429 325

Sales & Services 140 244 212 223 157

Intergovernmental 222 623 526 444 185

Debt Proceeds 15 15 13 12 8

Other Miscellaneous 1,059 1,598 932 744 564

Total $4,309 5,609 4,790 4,853 3,552

	2007	2008	2009	2010	2011
Property Tax	$1,253	1,312	1,370	1,441	1,151
Utility	1,164	1,352	1,291	1,560	1,162
Sales Tax	456	465	446	429	325
Sales & Services	140	244	212	223	157
Intergovernmental	222	623	526	444	185
Debt Proceeds	15	15	13	12	8
Other Miscellaneous	1,059	1,598	932	744	564
Total	$4,309	5,609	4,790	4,853	3,552

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2011
2011

Category Revenue
Per Capita

Property Tax $1,649,405
$1,151

Water/Sewer 0
0

Electric 1,665,355
1,162

Other Utilities 0
0

Sales Tax 465,460
325

Sales & Services 225,340
157

Intergovernment 264,624
185

Debt Proceeds 11,292
8

Miscellaneous 808,084
564

Total $5,089,560
$3,552

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

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2011
2011

Category Expenditures
Per Capita

General Government $995,774
$695

Water/Sewer 45,636
32

Electric 1,559,376
1,088

Other Utilities -45,636
-32

Debt Service 286,065
200

Transportation 292,239
204

Public Safety 939,992
656

Other 1,037,896
724

Total $5,111,342
$3,567

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

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2011
2011

Category Expenditures
Per Capita

Salaries & Wages $1,459,670
$1,019

Water/Sewer Capital 0
0

Electric Capital 139,018
97

Other Capital 476,604
333

Other Operating 3,036,050
2,118

Total $5,111,342
$3,567

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

Last Updated 2/7/2012 2:30:28 PM



	2011	2011
Category	Revenue	Per Capita
Property Tax	$1,649,405	$1,151
Water/Sewer	0	0
Electric	1,665,355	1,162
Other Utilities	0	0
Sales Tax	465,460	325
Sales & Services	225,340	157
Intergovernment	264,624	185
Debt Proceeds	11,292	8
Miscellaneous	808,084	564
Total	$5,089,560	$3,552

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

North CarolinaDepartment of State TreasurerFinancial InformationTown of Manteo

Financial Graphs and Comparisons

North Carolina
Department of State Treasurer
Financial Information
Town of Manteo