North Carolina
Department of State Treasurer
Financial Information
Town of Nags Head

Financial Profile | General Fund | Enterprise Funds | Cash, Investments and Financing
Annual Financial Information Report Detail | Water/Sewer Information
Financial Graphs and Comparisons
Download Excel 97 Version of Financial Summary

Institute of Government North Carolina Cities Web Site

Go to North Carolina County and Municipal Financial Information Home Page
Go to Dare County Map Page

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

Municipality Revenues and Expenditures Financial Profile Go to top of page			2011	2010	2009	2008	2007	2006
	Revenues by Source
		Property Tax	$4,857,519	4,549,222	4,515,776	4,512,391	4,482,387	4,440,726
		Utility	2,769,133	2,472,748	2,751,567	3,062,603	3,176,672	3,507,002
		Sales Tax	1,368,335	1,280,452	1,409,845	1,585,496	1,628,612	1,686,091
		Sales & Services	467,734	495,779	682,454	818,278	879,527	1,005,001
		Intergovernmental	18,726,706	808,423	1,740,956	1,023,094	628,895	2,868,259
		Debt Proceeds	18,098,215	63,576	80,380	89,400	87,960	85,004
		Other Miscellaneous	3,431,333	2,821,015	3,637,432	3,598,860	4,308,275	3,841,041
		Total	$49,718,975	12,491,215	14,818,410	14,690,122	15,192,328	17,433,124

	Expenditures by Function
		Utility	$1,615,324	1,727,915	2,013,235	2,093,348	4,051,075	3,216,974
		Debt Service	1,100,894	1,152,756	1,352,434	1,509,293	1,658,903	1,851,072
		Transportation	603,332	731,357	622,228	785,341	472,493	761,206
		General Government	2,500,293	2,139,297	4,102,195	2,270,955	2,284,431	3,501,824
		Public Safety	4,506,374	4,029,781	4,166,682	4,662,062	4,090,997	4,069,619
		Other	11,004,012	3,398,837	3,522,901	3,675,925	3,474,150	4,200,440
		Total	$21,330,229	13,179,943	15,779,675	14,996,924	16,032,049	17,601,135

	Expenditures by Object
		Salaries & Wages	$5,677,240	5,657,329	6,067,043	5,751,271	5,639,141	5,274,939
		Capital Outlay	8,849,384	890,285	2,537,659	1,794,093	2,818,515	4,387,098
		Other Operating + Debt Service	6,803,605	6,632,329	7,174,973	7,451,560	7,574,393	7,939,098
		Total	$21,330,229	13,179,943	15,779,675	14,996,924	16,032,049	17,601,135


	Per Capita Revenues by Source
		Property Tax	$1,764	1,453	1,460	1,450	1,431	1,421
		Utility	1,005	790	890	984	1,014	1,122
		Sales Tax	496	410	457	508	519	540
		Sales & Services	170	158	221	263	281	322
		Intergovernmental	6,800	258	563	329	201	918
		Debt Proceeds	6,572	20	26	29	28	27
		Other Miscellaneous	1,246	901	1,176	1,156	1,375	1,229
		Total	$18,053	3,990	4,793	4,719	4,849	5,579

	Per Capita Expenditures by Function
		Utility	$587	552	651	672	1,293	1,029
		Debt Service	400	368	437	485	529	592
		Transportation	219	234	201	252	151	244
		General Government	907	682	1,327	730	729	1,121
		Public Safety	1,636	1,287	1,348	1,498	1,306	1,302
		Other	3,996	1,086	1,139	1,181	1,109	1,344
		Total	$7,745	4,209	5,103	4,818	5,117	5,632

	Per Capita Expenditures by Object
		Salaries & Wages	$2,061	1,807	1,962	1,848	1,800	1,688
		Capital Outlay	3,213	284	821	576	900	1,404
		Other Operating	2,471	2,118	2,320	2,394	2,417	2,540
		Total	$7,745	4,209	5,103	4,818	5,117	5,632

	Population Group		No Electric 2,500 to 9,999	No Electric 2,500 to 9,999	No Electric 2,500 to 9,999	No Electric 2,500 to 9,999	No Electric 2,500 to 9,999	No Electric 2,500 to 9,999
		Number of Municipalites in Group	119	122	120	120	124	123
		Average Population In Group	4,793	4,664	4,697	4,793	4,727	4,663
		Town of Nags Head Population	2,754	3,131	3,092	3,113	3,133	3,125
	Group Average Per Capita Revenues by Source
		Property Tax	352	342	346	336	310	306
		Utility	539	323	315	313	317	332
		Sales Tax	125	125	144	160	159	152
		Sales & Services	144	85	82	78	76	71
		Intergovernmental	251	198	179	175	172	159
		Debt Proceeds	107	53	152	111	24	28
		Other Miscellaneous	144	120	157	179	229	189
		Total	1,662	1,246	1,375	1,352	1,287	1,237

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

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


General Fund Go to top of page			2011	2010	2009	2008	2007	2006
	General Fund revenues		$10,282,121	10,008,478	11,269,409	11,105,240	10,878,506	13,382,828
	General Fund expenditures		10,700,333	10,169,376	12,547,107	11,904,369	10,692,979	13,230,086
	Operating transfers in		139,199	231,131	165,501	143,273	180,042	421,632
	Operating transfers out		209,408	171,377	65,223	96,892	126,714	946,497
	Capital leases and installment purchase proceeds		896,205	105,900	671,481	312,426	880,526	864,273
	Other items		-	-	-	-	-	-
	Excess of revenues and other sources over (under) expenditures and other uses		407,784	4,756	(505,939)	(440,322)	1,119,381	492,150

	Fund balance available (FBA):
		In dollars	$0	7,794,913	7,721,718	8,377,211	7,838,763	7,357,729
		FBA as a % of GF Net Expenditures:
		Unit's FBA %	0.00	76.16	64.67	71.67	78.87	55.27
		Group weighted average FBA %	104.97	67.39	70.26	65.07	64.31	62.32
		State weighted average Non-Electric Group	26.68	38.71	37.89	36.66	37.39	37.38
		State weighted average FBA %	29.01	37.47	37.03	36.35	36.54	36.96


Enterprise Funds: Go to top of page
	Other, Storm Water, Water/Sewer

	Combined financial results:
		Working capital	$3,262,335	3,565,095	3,928,830	4,126,757	3,930,637	5,546,437
		Quick ratio	4.93	5.26	5.44	5.43	4.57	6.89
		Net income	(248,853)	(412,725)	(666,091)	114,749	976,878	350,775
		Cashflow from operations	(54,160)	(347,821)	(25,614)	44,903	26,965	332,750
		Depreciation & Amortization Expense	269,532	273,966	318,564	398,623	303,036	268,809



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

		Population at July 1st of the Previous Year	2,754	3,131	3,092	3,113	3,133	3,125
		Population Group	No Electric 2,500 to 9,999	No Electric 2,500 to 9,999	No Electric 2,500 to 9,999	No Electric 2,500 to 9,999	No Electric 2,500 to 9,999	No Electric 2,500 to 9,999
		Cash &Investments	$27,053,098	$12,857,654	$13,690,468	$14,614,892	$14,918,243	$15,712,487
		Investment Earnings	157,511	206,039	411,519	685,853	846,154	561,275
		Tax Rate Equivalent	0.0051	0.0067	0.0134	0.0225	0.0279	0.0189
		Tax Rate Equivalent Group weighted average	0.0027	0.0055	0.0130	0.0294	0.0437	0.0322
		Tax Rate Equivalent Statewide weighted average	0.0156	0.0247	0.0133	0.0524	0.0920	0.0573
		Latest year of Revaluation	2005	2005	2005	2005	2005	2005
		January 1, Prior Year Assessed Valuation	$3,092,110,803	3,095,036,135	3,081,008,343	3,051,602,255	3,031,302,794	2,969,933,801
		Tax Rate	0.1575	0.1475	0.1475	0.1475	0.1475	0.1475
		Tax Rate Group weighted average	0.2778	0.2552	0.2697	0.2669	0.3116	0.3191
		Tax Rate State Wide	0.4122	0.4090	0.4262	0.4238	0.4450	0.4321
		Assessment -to-Sales Ratio	118.73	112.83	92.46	83.08	82.84	98.94
		Assessment -to-Sales Ratio Group weighted average	102.19	102.84	92.17	90.92	83.51	91.52
		Assessment -to-Sales Ratio Statewide	101.47	98.27	90.81	88.53	88.41	92.28
		Assessed Valuation Adjusted for Assesment to Sales Ratio	$2,604,321,404	2,743,096,814	3,332,260,808	3,673,088,896	3,659,225,971	3,001,752,376
		EffectiveTax Rate	0.1870	0.1664	0.1364	0.1225	0.1222	0.1459
		Group weighted average Effective Tax Rate	0.2838	0.2624	0.2486	0.2427	0.2602	0.2921
		Statewide weighted average Effective Tax Rate	0.4183	0.4020	0.3870	0.3752	0.3934	0.3987
		Percent Collected	99.7500	99.6800	99.6500	99.9600	99.9600	99.9700
		Percent Collected Group weighted average	96.58	95.40	95.41	95.81	96.70	96.72
		Percent Collected Statewide	97.59	97.36	97.34	97.56	97.58	97.55
		Percent Collected Excluding Motor Vehicles	99.79	99.73	99.71	99.98	99.98	99.99
		Percent Collected Excluding Motor Vehicles Group weighted average	97.33	97.43	97.55	98.06	97.99	98.08
		Percent Collected Excluding Motor Vehicles Statewide weighted average	98.35	98.23	98.30	98.65	98.59	98.61
		Percent Collected Motor Vehicles Only	95.26	94.32	94.69	98.36	98.35	99.12
		Percent Collected Motor Vehicles Only Group weighted average	85.29	85.60	85.23	85.75	86.04	86.22
		Percent Collected Motor Vehicles Only Statewide weighted average	87.28	86.34	86.55	86.74	86.71	86.80
		Tax Uncollected	57,997	59,512	64,822	55,583	60,251	98,709
		Tax Rate Equivalent	0.0019	0.0019	0.0021	0.0018	0.0020	0.0033
		Dominant County: Dare
	Debt Information
		Population Group	2,500 to 4,999	2,500 to 4,999	2,500 to 4,999	2,500 to 4,999	2,500 to 4,999	2,500 to 4,999
		Ratings:
		Fitch
		Moody's
		S & P

		General Obligation Debt (GO) where the taxing power of the entrire municipality is pledged to pay the obligation
		Enterprise GO Debt	$0	0	0	0	0	0
		General Government GO Debt	0	0	0	0	0	0
		Total General Obligation Debt	0	0	0	0	0	0
		Per Capita	$0	0	0	0	0	0
		Total Per Capita for the Population Group	113	107	158	152	149	162
		Total Per Capita Statewide	450	449	455	456	478	495
		Total per Assessed Valuation Adjusted for Current Year Sales	0.0000%	0.0000%	0.0000%	0.0000%	0.0000%	0.0000%
		Total per Assessed Valuation Adjusted for Current Year Sales- Group Average	0.0898%	0.0802%	0.1078%	0.1101%	0.1223%	0.1565%
		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	$635,967	702,784	767,125	829,080	888,738	950,688
		--General Government	1,940,369	2,388,906	2,934,226	3,032,666	3,604,684	4,214,715
		Total*	$2,576,336	3,091,690	3,701,351	3,861,746	4,493,422	5,165,403
		* The total only includes the contracts that require Local Government Commission approval.
		Revenue Bond Debt	$18,000,000	0	0	0	0	0


Annual Financial Information Report Detail Go to top of page
Line	Section	Description	2011	2010	2009	2008	2007	2006
	Population at July 1st of the Previous Year Adjusted for Boundry Changes		2,754	3,131	3,092	3,113	3,133	3,125

1.5A	FISCAL	Governmental Activities Assets	68,601,672	28,760,226	29,441,459	27,644,925	27,808,113	27,241,921
1.5B	SUMMARY	Governmental Activities Liabilities	25,761,946	3,925,061	4,586,547	5,002,411	5,865,133	6,234,486
3.5A		Business Type Activities Assets	12,097,546	12,329,008	12,804,037	13,598,205	13,764,411	12,722,025
3.5B		Business Type Activities Liabilties	1,486,451	1,534,473	1,596,777	1,724,854	2,005,809	1,940,301
6.5A		Fiduciary Funds Assets	165,576	208,074	242,300	229,729	250,546	221,297
6.5B		Fiduciary Funds Liabilties		208,074			635
10.0	PART 2	Current Collections of Unit -Wide Levy	4,830,408	4,522,141	4,505,615	4,500,442	4,473,031	4,430,887
11.0	TAX	Current Collections of Special Tax Districts
12.0	REVENUES	Prior Years' Levy Collections	12,222	14,468	938	932	-1,056	1,006
13.0		Penalties and Interest	14,889	12,613	9,223	11,017	10,412	8,833
14.0		Collections of Taxes Previously Written Off
15.0		Animal Tax
15.1		Solid Waste Disposal Tax
16.0		1% Local Government Option Sales Tax	809,268	788,670	821,119	866,525	886,005	955,163
17.0		1/2% Local Government Option Sales Tax (40)	174,307	173,024	189,763	215,707	223,288	209,897
18.0		1/2% Local Government Option Sales Tax (42)	384,352	212,209	182,919	209,413	217,028	203,920
18.5		1/2% Local Government Option Sales Tax (44)	408	106,549	216,044	293,851	302,291	317,111
19.0		Privilege Licenses	37,014	36,455	36,540	38,807	38,995	40,309
19.2		Privilege -- All other privileges and pemits
20.0		Auto Licenses	679	537	704	818	269	192
21.0		Vehicle Tax for Public Transportation
22.0		Other Licenses	209,510	202,477	212,882	196,119	133,955	59,200
23.0		Local Occupancy Tax	1,852,917	1,748,369	1,814,235	1,863,955	1,770,246	1,650,845
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.		21,586
29.0	REVENUES	General Government				282,318		2,177,301
30.0		Public Safety	142,253	5,000	2,500	38,593	57,760	52,440
31.0		Transportation - Streets
32.0		Transportation - All Other				93,994
33.0		Environmental Protection
34.0		Econ. & Phys. Dev. - Housing/Comm. Dev.
35.0		Econ. & Phys. Dev. - All Other	3,927
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	8,017	1,510	8,568	1,487	6,704	12,719
41.0	REVENUES	Transitional Hold Harmless	43,842	104,174	55,264
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	1,609	687	439	337	359	112
44.0		Utility Franchise Tax	375,739	378,745	351,139	347,805	293,105	313,028
45.0		Beer and Wine Tax	13,800	4,410	13,980	14,432	14,121	13,666
46.0		Powell Bill	117,984	116,195	131,622	147,771	132,433	134,348
50.0		Court Fees - Facilities and Arrest Fees	5,123	4,494	5,856	4,519	6,331	9,041
51.0		General Government	3,110	126,294
52.0		Public Safety	8,398	15,364	3,795	8,399
53.0		Transportation - Streets
54.0		Transportation - All Other
55.0		Environmental Protection		2,149	937
56.0		Econ. & Phys. Dev. - Housing/Community Dev
57.0		Econ. & Phys. Dev. - All Other					29,900
58.0		Human Services -Health, Mental Health, Hosp
59.0		Human Services - All Other
60.0		Culture and Recreation			1,148,088	58,486	88,182	155,604
61.0	LOCAL	Payments in Lieu of Taxes - Local
62.0	INTERGOV	General Government
63.0	REVENUES	Public Safety
64.0		Transportation - Streets
65.0		Transportation - All Other
66.0		Environmental Protection
67.0		Economic and Physical Development	18,002,904	27,815	18,768	24,953
68.0		Human Services - Health, Mental Hlt & Hosp
69.0		Human Services - All Other
70.0		Culture and Recreation		145,193	51,292	19,496	10,770	64,633
71.0	PERMITS	Building Permits	130,980	151,172	162,949	201,371	231,999	258,312
72.0	& FEES	Inspection Fees	9,205	10,725	53,935	35,019	59,070	78,384
72.1		Amusements licensing and permit taxes
73.0		Other Permits	126,977	152,532	241,173	333,252	322,728	399,152
74.0	SALES &	Parking Revenues
75.0	SERVICES	Rents and Royalties	340,757	335,317	441,281	485,026	556,799	605,849
76.0		Airport
77.0		Fire Protection Charges
78.0		Solid Waste
79.0		Ambulance and Rescue Squad Charges
80.0		Cemeteries
81.0		Recreation Service Revenues		7,930
82.0		Library Service Revenues
83.0		Other Cultural and Rec Service Revenues
84.0		Mass Transit - City Operated
85.0		Other Sales and Services	384,657	382,123	359,153	516,826	652,435	1,053,725
86.0	UTILITY	Water and Sewer Charges	2,384,476	2,090,625	2,392,414	2,545,777	2,524,237	2,453,277
87.0	REVENUES	Electric Charges
88.0		Gas Charges
88.1		Storm Water Fees	113,252	112,612	112,368	112,378	111,720	110,796
89.0	MISC.	Investment Earnings - Bond Proceeds
90.0	REVENUES	Investment Earnings - All Other Funds	157,511	206,039	411,519	685,853	846,154	561,275
91.0		Special Assessments			134	499	499	499
92.0		Private Contributions and Donations	7,533	9,145	8,045	10,095	12,135	21,498
93.0		Sales of Materials and Fixed Assets	28,674	52,980	49,912	69,340	74,029	55,702
94.0		Sale of Real Property
95.0		Nongovt Contr For Streets & Traffic Signals
96.0		ABC Mixed Drink Surcharge	34,137	29,762	35,661	38,077	36,893	39,804
97.0		ABC Profit Distribution	10,843	9,649	15,775	14,607	14,365	13,451
98.0		Other Miscellaneous Revenues	98,215	63,576	80,380	89,400	87,960	85,004
99.0		Proceeds of Sale of Bonds and Notes	18,000,000
100.0		Proceeds of Capital Leases/Install Purchases	839,078	105,900	671,481	312,426	967,176	886,141
101.0		Other	74,180				8,724	18,908
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	3,780	-915	-3,740	2,180	500
106.0		Deposits Other than Utility	-4,855	1,900	2,945	-22,101	-57,219
107.0		Prepaid Taxes	1,057	-6,927	337	-1,624	-3,012
108.0		Prepaid Privilege Licenses	405	1,782	-2,124	484	-1,007
109A	PART 4	Governing Body - Salaries & Wages	34,114	33,592	39,253
109B	GENERAL	Governing Body - Other Direct	78,856	52,951	57,256	71,206	92,373	202,025
109C	GOVT	Governing Body - Construction
109D		Governing Body - Purchase of P,P&E		12,000		700	109	6,634
110A		Administration - Salaries & Wages	336,305	328,429	335,589	242,186	299,745	229,213
110B		Administration - Other Direct	81,200	67,556	78,442	100,956	85,786	60,941
110C		Administration - Construction				9,850
110D		Administration - Purchase of P,P&E
111A		Elections - Salaries & Wages
111B		Elections - Other Direct
111C		Elections - Construction
111D		Elections - Purchase of P,P&E
112A		Finance - Salaries & Wages	293,444	288,312	345,503	326,250	306,698	439,874
112B		Finance - Other Direct	284,932	255,199	300,275	296,930	330,192	325,389
112C		Finance - Construction
112D		Finance - Purchase of P,P&E	57,127
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	201,566	131,193	123,388	85,312	62,886	69,814
114C		Legal - Construction
114D		Legal - Purchase of P,P&E
115A		Public Buildings - Salaries & Wages	146,282	145,164	155,111	166,576	160,788	180,501
115B		Public Buildings - Other Direct	126,254	93,996	137,620	162,814	258,954	268,873
115C		Public Buildings - Construction					11,046	1,261,392
115D		Public Buildings - Purchase of P,P&E		33,857	1,844,850	20,035	4,602	17,809
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	299,131	268,606	251,262	267,641	229,147	146,152
117B		Central Services - Other Direct	194,900	168,225	181,200	201,577	181,303	76,838
117C		Central Services - Construction
117D		Central Services - Purchase of P,P&E	89,289	7,280		15,404
118A		Gen. Govt. All Other - Salaries & Wages	275,669	271,536	268,746	253,928	246,344	167,350
118B		Gen. Govt. All Other - Other Direct	1,224	-18,599	-16,300	24,286	14,458	24,204
118C		Gen. Govt. All Other - Construction
118D		Gen. Govt. All Other - Purchase of P,P&E				25,304		24,815
119A	PUBLIC	Police & Comm - Traffic Control - Salaries and Wages	1,109,220	1,077,510	1,206,202	1,087,096	1,086,415	1,090,926
119B	SAFETY	Police & Comm - Traffic Control - Other Direct	557,513	467,527	510,246	488,766	483,744	528,135
119C		Police & Comm - Traffic Control - Construction
119D		Police & Comm - Traffic Control - Purchase of P,P&E	243,211	155,813		156,917	79,901	145,742
120A		Emergency Communications - Salaries & Wages
120B		Emergency Communications - Other Direct
120C		Emergency Communications - Construction
120D		Emergency Communications - Purchase of P,P&E
120B		Emergency Telephone Service Fund (ETSF) Expenditures - Operating
120C		ETSF Expenditures - Capital Construction
120D		ETSF Expenditures - Capital Purchases
121A		Emergency Mgmt - Salaries & Wages
121B		Emergency Mgmt - Other Direct
121C		Emergency Mgmt - Construction
121D		Emergency Mgmt - Purchase of P,P&E
122A		Fire - Salaries & Wages	1,247,894	1,256,324	1,289,620	1,228,364	1,180,282	1,025,437
122B		Fire - Other Direct	534,648	530,209	534,519	631,937	605,975	630,464
122C		Fire - Construction
122D		Fire - Purchase of P,P&E	164,826	5,745	10,066	498,355		15,434
123A		Inspectors - Salaries & Wages
123B		Inspectors - Other Direct
123C		Inspectors - Construction
123D		Inspectors - Purchase of P,P&E
124A		Rescue Units - Salaries & Wages	359,628	352,419	350,776	362,126	391,994	362,546
124B		Rescue Units - Other Direct	87,004	76,903	90,564	97,544	103,092	89,936
124C		Rescue Units - Construction
124D		Rescue Units - Purchase of P,P&E	87,173		32,424		6,999	37,582
125A		Animal Control - Salaries & Wages	40,443	40,094	38,277	42,791	42,318	43,342
125B		Animal Control - Other Direct	16,015	15,972	16,593	19,356	20,141	20,622
125C		Animal Control - Construction
125D		Animal Control - Purchase of P,P&E	5,932
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	152,253	151,089	161,443	173,376	167,351	187,869
128B		Streets and Highways - Other Direct	315,344	368,939	322,934	305,514	190,892	187,872
128C		Streets and Highways - Construction		81,685		107,339
128D		Streets and Highways - Purchase of P,P&E						126,164
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	6,862		12,604	12,747
130C		Powell Bill - Construction	128,873	129,644	125,247	186,365	114,250	259,301
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	363,109	369,362	420,877	447,495	423,195	404,002
136B	MENTAL	Solid Waste - Other Direct	1,004,099	1,009,884	986,837	1,016,639	996,124	966,014
136C	PROTECTION	Solid Waste - Construction					4,656	3,987
136D		Solid Waste - Purchase of P,P&E		18,685	64,181	473,109	57,749	529,266
137A		Drainage & Watershed - Salaries & Wages
137B		Drainage & Watershed - Other Direct
137C		Drainage & Watershed - Construction
137D		Drainage & Watershed - Purchase of P,P&E
138A		Cemeteries - Salaries & Wages
138B		Cemeteries - Other Direct
138C		Cemeteries - Construction						3,849
138D		Cemeteries - Purchase of P,P&E
139A		Environ. All Other - Salaries & Wages
139B		Environ. All Other - Other Direct
139C		Environ. All Other - Construction			145,226	60,535	227,818	200,347
139D		Environ. All Other - Purchase of P,P&E
140A	ECONOMIC	Planning & Zoning - Salaries & Wages	481,103	547,811	621,935	601,370	583,362	524,555
140B	& PHYSICAL	Planning & Zoning - Other Direct	125,560	121,344	137,071	148,443	151,550	189,944
140C	DEVELOP	Planning & Zoning - Construction
140D		Planning & Zoning - Purchase of P,P&E			24,674			23,501
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					2,074	40,870
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	100	100	100			10,000
145C		Econ. Dev. All Other - Construction	8,052,830	276,679
145D		Econ. Dev. All Other - Purchase of P,P&E
146A	HUMAN	Health - Salaries & Wages
146B	SERVICES	Health - Other Direct	3,000					10,000
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	3,500
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	31,610	30,483	33,028	100	1,500	10,000
152C		Human Serv. All Other - Construction
152D		Human Serv. All Other - Purchase of P,P&E
153A	CULTURE	Recreation & Parks - Salaries & Wages
153B	RECREATION	Recreation & Parks - Other Direct	15,655	14,000	19,000	20,000	20,000	22,227
153C		Recreation & Parks - Construction						25,000
153D		Recreation & Parks - Purchase of P,P&E
154A		Coliseum - Salaries & Wages
154B		Coliseum - Other Direct
154C		Coliseum - Construction
154D		Coliseum - Purchase of P,P&E
155A		Museums - Salaries & Wages
155B		Museums - Other Direct
155C		Museums - Construction
155D		Museums - Purchase of P,P&E
156A		Libraries - Salaries & Wages
156B		Libraries - Other Direct
156C		Libraries - Construction
156D		Libraries - Purchase of P,P&E
157A		Cult. & Recr. All Other - Salaries & Wages
157B		Cult. & Recr. All Other - Other Direct	34,567		19,000	19,000	19,000	24,000
157C		Cult. & Recr. All Other - Construction			120,312	16,354	163,292	430,433
157D		Cult. & Recr. All Other - Purchase of P,P&E
158A	UTILITY	Water & Sewer - Salaries & Wages	519,093	507,578	562,390	552,072	521,502	473,172
158B		Water & Sewer - Other Direct	1,045,827	1,026,410	1,165,897	1,297,646	1,274,138	1,367,247
158C		Water & Sewer - Construction			170,679	208,783	428,470	1,231,645
158D		Water & Sewer - Purchase of P,P&E	17,053			5,221	1,632,973	44,197
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	19,552	19,503	20,059
161.1B		Storm Water - Other Direct	10,729	5,527	94,210	19,804	107,342	100,713
161.1C		Storm Water - Construction	3,070	168,897
161.1D		Storm Water - Purchase of P,P&E				9,822	86,650
161B	DEBT	Water & Sewer - Interest & Fees	28,387	30,970	34,636	39,992	42,905	49,644
161D	SERVICE	Water & Sewer - Principal	82,670	76,668	109,411	128,226	150,352	224,857
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	79,966	108,593	135,207	191,655	217,670	220,647
166D		All Other - Principal	909,871	936,525	1,073,180	1,149,420	1,247,976	1,355,924
167B	PENSION	Direct Benefit Program - Other Direct
168B	FRINGE	Fringe Benefits Unallocated
169B		Separation Allowance - Law Enforcement			30,000		36,656	28,886
170B		Separation Allowance - Other Employees
171B		Supplemental Retirement - Law Enforcement	52,867	51,265	57,395	48,810	53,480	50,567
172B		Fringe Benefits Other	42,936	127,360	137,694	134,468	122,255	115,166
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 #						109(b)
174C		Gen Gov Activities Shared W/ Cnty - Amount						1,000
175A		Highways (Payments to State) - Recipient
175B		Highways (Payments to State) - Item No.
175C		Highways (Payments to State) - Amount
176A		Other - Intergovt. Expenditures - Recipient	Water purchased for resale Dare County	Water Purchased for Resale Dare County	Water purchases for resale Dare County	Water purchases for resale Dare County	Water purchases for res	DMV billing & collection Dare County
176B		Other - Intergovt. Expenditures - Item #	158(b)	158 (b)	158 (b)	158 (b)	158b	112(b)
176C		Other - Intergovt. Expenditures - Amount	845,211	882,505	792,242	737,590	700,738	1,187
177A		Other - Intergovt. Expenditures - Recipient	DMV billing & collection Dare County	DMV Billing & Collection Dare County	DMV billing & collection Dare County	DMV billing & collection Dare County	DMV billing & coll	Water purchases for resale Dare County
177B		Other - Intergovt. Expenditures - Item #	112(b)	112 (b)	112 (b)	112 (b)	112b	158(b)
177C		Other - Intergovt. Expenditures - Amount	732	624	724	822	837	665,092
178A		Other - Intergovt. Expenditures - Recipient
178B		Other - Intergovt. Expenditures - Item #
178C		Other - Intergovt. Expenditures - Amount
179.0		Current year's levy -- Excluding motor vehicles	4,824,029.	4,516,532.00	4,492,374.00	4,447,136.00	4,415,579.00	4,333,606.00
180.0		Current year's levy -- Motor vehicles (only)	47,923.	47,448.00	51,762.00	54,896.00	59,341.00	98,429.00
181.0	PART 6	Uncollected Taxes - Current Year's Levy Except Mot Veh	10,074.	12,064.00	13,060.00	687.00	910.00	280.00
182.0	OTHER	Uncollected Taxes - CY Levy -Motor Vehicles	2,272	2,693	2,746	903	978	868
183.0	DATA	Percentage of Taxes Collected - All Property %	99.75	99.68	99.65	99.96	99.96	99.97
184.0	DATA	Percentage of Taxes Collected - Exclude Motor Vehicles%	99.79	99.73	99.71	99.98	99.98	99.99
185.0		Percentage of Taxes Collected - Motor Vehicles %	95.26	94.32	94.69	98.36	98.35	99.12
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	27,053,098	12,857,654	13,690,468	14,614,892	14,918,243	15,712,487
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	50,141,762	12,893,723	15,049,134	14,930,287	15,516,658	18,820,161
194B	FISCAL	Amount - Subtract Refunding Bond Proceeds
194C	SUMMARY	Amount - Subtract Interfund Transfers In	348,607	402,508	230,724	240,165	315,606	1,368,129
194D		Amount - Net Revenues	49,793,155	12,491,215	14,818,410	14,690,122	15,201,052	17,452,032
		Calculated amount	49,793,155	12,491,215	14,818,410	14,690,122	15,201,052	17,452,032
		Amounts in AGREEMENT??	Yes	Yes	Yes	Yes	Yes	Yes
		Difference
195A		Amount - Total Expenditures	21,678,836	13,582,451	16,010,399	15,237,089	16,347,655	18,969,264
195B		Amount - Subtract Pymts. to Refunded Debt Agent
195C		Amount - Subtract Interfund Transfers Out	348,607	402,508	230,724	240,165	315,606	1,368,129
195D		Amount - Net Expenditures	21,330,229	13,179,943	15,779,675	14,996,924	16,032,049	17,601,135
		Calculated amount	21,330,229	13,179,943	15,779,675	14,996,924	16,032,049	17,601,135
		Amounts in AGREEMENT??	Yes	Yes	Yes	Yes	Yes	Yes
		Difference

401A	Part 10	Number of residential accounts billed Water
401B	Water /	Number of residential accounts billed Sewer
402A	Sewer	Amount processed and/or purchased in units Water	461	429,640	439	425,424,000	456,376
402B	Operations	Amount processed and/or purchased in units Sewer
403A		Total amount billed in units - Water	368	357,376	384	374,297,700	409,973
403B		Total amount billed in units - Sewer
404A		Of the total in 403A above how many units were Residential W	258	245,646	252	261,132,400	268,691
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					29,737
407A		Of the total in 403A, how many units were sold for redistribution
407B		Of the total in 403B how many unit were delivered in bulk	2,312,364	2,058,641	2,192,000	2,091,592	2,071,592
408A		Dollars related to 403A above
408B		Dollars related to 403B above	1,645,369	1,416,994	1,445,000	1,476,046	1,493,761
409A		Dollars related to 404A above
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					43,921
412A		Dollars related to 407A above
412B		Dollars related to 407B above	4,333	4,315	4,317	4,314
421A		Number of residential accounts billed - Water
421B		Number of residential accounts billed - Sewer	391	396	388	361
422A		Number of non-residential & bulk accounts billed - Water
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	Kimberly Kenny
951.0		Title	Finance Officer
952.0		Date	10/21/2011	10/25/2010	10/31/2009	10/31/2008	10/26/2007	10/27/2006
953.0		Contact	Kimberly Kenny
954.0		Title	Finance Officer
955.0		Phone	252-449-2020
956.0		Fax	252-441-4680
957.0		E-Mail:

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

	2011	2010	2009	2008	2007	2006

Population	2,754	3,131	3,092	3,113	3,133	3,125
Population Group	No Electric 2,500 to 9,999	No Electric 2,500 to 9,999	No Electric 2,500 to 9,999	No Electric 2,500 to 9,999	No Electric 2,500 to 9,999	No Electric 2,500 to 9,999
Total Operating Revenues	$0	2,082,921	2,398,309	2,628,194	2,636,011	2,556,310
Total Operating Revenues Per Capita	$0	665	776	844	841	818
Group Weighted Average Revenues Per Capita	17	261	244	235	242	255
State Weighted Average Revenues Per Capita	7	272	252	255	255	249

% to Total Operating Revenues
Operating Expenses	0.00%	129.94%	118.31%	113.56%	106.43%	108.76%
Group Weighted Average	82.20%	92.72%	91.41%	92.91%	90.03%	86.35%
State Weighted Average	91.62%	83.21%	87.12%	84.06%	80.00%	79.32%

Operating Margin	0.00%	-29.94%	-18.31%	-13.56%	-6.43%	-8.76%
Group Weighted Average	17.80%	7.28%	8.59%	7.09%	9.97%	13.65%
State Weighted Average	8.38%	16.79%	12.88%	15.94%	20.00%	20.68%

Operating Transfers In	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Group Weighted Average	21.89%	1.69%	1.70%	1.04%	1.49%	1.56%
State Weighted Average	27.09%	1.59%	1.20%	1.28%	1.10%	1.57%

Operating Transfers Out	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Group Weighted Average	67.66%	3.09%	9.31%	3.10%	2.59%	1.83%
State Weighted Average	52.67%	1.55%	2.65%	3.15%	1.86%	2.84%

Net Income before capital contributions	0.00%	-30.80%	-33.60%	-8.28%	0.66%	-3.69%
Group Weighted Average	85.84%	19.63%	12.72%	18.01%	5.29%	17.80%
State Weighted Average	643.66%	15.82%	-9.92%	18.20%	25.61%	24.40%

Key Ratios and Cash Flow

Quick Ratio	4.93	5.03	5.44	5.43	4.57	6.89
Group Weighted Average	3.75	2.97	3.21	3.12	3.25	3.67
State Weighted Average	4.02	3.21	2.82	2.96	2.91	2.83

Days Sales in Receivables	8.0	74.2	66.7	66.0	66.7	70.4
Group Weighted Average	3.4	59.4	63.6	54.7	55.3	55.7
State Weighted Average	1.2	57.9	58.5	56.7	61.6	59.8

Days Cash on Hand	0.0	546.9	577.9	581.9	608.1	846.1
Group Weighted Average	-50.1	424.6	493.9	540.8	562.2	488.8
State Weighted Average	-16.4	614.6	560.8	588.9	647.0	571.9

Cash flow from Operations	-$54,160	-347,821	-25,614	44,903	26,965	332,750

Debt to Equity	0.00	0.07	0.08	0.08	0.09	0.11
Group Weighted Average	0.38	0.31	0.30	0.25	0.26	0.25
State Weighted Average	0.22	0.59	0.54	0.54	0.55	0.55

Debt per Capita	0	224	264	278	314	358
Group Weighted Average	20	384	357	309	307	288
State Weighted Average	8	897	783	781	761	733

Capital Expenditures:	2011	2010	2009	2008	2007	2006
	$0	0	120,312	16,354	163,292	430,433

	2005	2004	2003	2002
	$582,752	135,822	289,643	790,794

Capital Contributions: Excluded from income above	$85,000	90,000	151,000	240,350	876,404	330,395


Operating Statistics

Estimated population of the areas served Water	0	0	0	0	3,133	NA
Estimated population of the areas served Sewer	0	0	0	0	0	NA

Number of Gallons of Water Processed (000) omitted	461	429,640	439	425,424,000	456,376	NA
Number of Gallons of Sewage Processed (000) omitted	0	0	0	0	0	NA

Number of Gallons of Water Billed (000) omitted	368	357,376	384	374,297,700	409,973	NA
Number of Gallons of Sewage Billed (000) omitted	0	0	0	0	0	NA

Ratio of Water Billed to Water Processed	0.79771	0.83180	0.87385	0.87982	0.89832	NA
Ratio of Sewage Billed to Sewage Processed						NA

Total Revenue from Water Sales	2,312,364	2,058,641	2,192,000	2,091,592	2,071,592	NA
Total Revenue from Sewage Sales	0	0	0	0	0	NA

Water Revenue per 1000 gallons of Sales					661.21673	NA
Sewage Revenue per 1000 gallons of Sales						NA

Group Average Sales per thousand Gallons Water	$0.00602	$146.64376	$40.01634	$1,510.62899	$1,842.80047	NA
Group Average Sales per thousand Gallons Sewage	$0.00883	$94.75591	$48.91229	$1,673.88245	$2,249.50353	NA

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

Residential Water Sales per thousand Gallons	$6,383.33721	5.76844	5,726.62783	0.00565	5.55940	NA
Residential Sewage Sales per thousand Gallons						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	43,921.00000	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

Go to top of page

Analysis of Available Fund Balance: General Fund

	2007	2008	2009	2010	2011
Unit's FBA %	78.87%	71.67%	64.67%	76.16%	0.00%
Group average FBA %	64.31%	65.07%	70.26%	67.39%	104.97%
State average Electric/Non Electric Group FBA %	37.39%	36.66%	37.89%	38.71%	26.68%
State average FBA %	36.54%	36.35%	64.31%	37.47%	29.01%

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

Go to top of page

2007 2008 2009 2010 2011

Municipality 99.96% 99.96% 99.65% 99.68% 99.75%

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

Statewide 97.58% 97.56% 97.34% 97.36% 97.59%

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

	2007	2008	2009	2010	2011
Municipality	99.96%	99.96%	99.65%	99.68%	99.75%
Pop. Group	96.70%	95.81%	95.41%	95.40%	96.58%
Statewide	97.58%	97.56%	97.34%	97.36%	97.59%

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

Go to top of page

2007 2008 2009 2010 2011

Municipality 0 0 0 0 0

Pop. Group 149 152 158 107 113

Statewide 478 456 455 449 450

Municipal Population Group: 2,500 to 4,999

	2007	2008	2009	2010	2011
Municipality	0	0	0	0	0
Pop. Group	149	152	158	107	113
Statewide	478	456	455	449	450

Municipal Population Group: 2,500 to 4,999

Go to top of page

2007 2008 2009 2010 2011

Property Tax $1,431 1,450 1,460 1,453 1,764

Utility 1,014 984 890 790 1,005

Sales Tax 519 508 457 410 496

Sales & Services 281 263 221 158 170

Intergovernmental 201 329 563 258 6,800

Debt Proceeds 28 29 26 20 6,572

Other Miscellaneous 1,375 1,156 1,176 901 1,246

Total $4,849 4,719 4,793 3,990 18,053

	2007	2008	2009	2010	2011
Property Tax	$1,431	1,450	1,460	1,453	1,764
Utility	1,014	984	890	790	1,005
Sales Tax	519	508	457	410	496
Sales & Services	281	263	221	158	170
Intergovernmental	201	329	563	258	6,800
Debt Proceeds	28	29	26	20	6,572
Other Miscellaneous	1,375	1,156	1,176	901	1,246
Total	$4,849	4,719	4,793	3,990	18,053

Go to top of page

2011
2011

Category Revenue
Per Capita

Property Tax $4,857,519
$1,764

Water/Sewer 384,657
140

Electric 2,384,476
866

Other Utilities 0
0

Sales Tax 1,368,335
496

Sales & Services 467,734
170

Intergovernment 18,726,706
6,800

Debt Proceeds 18,098,215
6,572

Miscellaneous 3,431,333
1,246

Total $49,718,975
$18,053

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

Go to top of page

2011
2011

Category Expenditures
Per Capita

General Government $2,500,293
$907

Water/Sewer 34,567
13

Electric 1,581,973
574

Other Utilities -1,216
0

Debt Service 1,100,894
400

Transportation 603,332
219

Public Safety 4,506,374
1,636

Other 11,004,012
3,996

Total $21,330,229
$7,745

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

Go to top of page

2011
2011

Category Expenditures
Per Capita

Salaries & Wages $5,677,240
$2,061

Water/Sewer Capital 0
0

Electric Capital 17,053
6

Other Capital 8,832,331
3,207

Other Operating 6,803,605
2,471

Total $21,330,229
$7,745

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

Last Updated 2/7/2012 2:33:26 PM



	2011	2011
Category	Revenue	Per Capita
Property Tax	$4,857,519	$1,764
Water/Sewer	384,657	140
Electric	2,384,476	866
Other Utilities	0	0
Sales Tax	1,368,335	496
Sales & Services	467,734	170
Intergovernment	18,726,706	6,800
Debt Proceeds	18,098,215	6,572
Miscellaneous	3,431,333	1,246
Total	$49,718,975	$18,053

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

North CarolinaDepartment of State TreasurerFinancial InformationTown of Nags Head

Financial Graphs and Comparisons

North Carolina
Department of State Treasurer
Financial Information
Town of Nags Head