North Carolina
Department of State Treasurer
Financial Information
Town of Ocean Isle 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

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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			2008	2007	2006	2005	2004	2003
	Revenues by Source
		Property Tax	$2,101,646	1,639,153	1,549,404	1,558,704	1,600,355	1,294,167
		Utility	2,472,494	2,422,041	2,695,040	1,938,382	1,948,236	1,722,314
		Sales Tax	123,799	122,558	116,114	114,487	63,583	81,182
		Sales & Services	582,561	568,336	548,334	130,882	161,066	311,324
		Intergovernmental	380,008	856,157	412,324	1,363,810	276,463	293,442
		Debt Proceeds	-	1,800,000	-	103,129	-	-
		Other Miscellaneous	2,459,751	2,228,965	1,893,664	1,429,163	1,329,517	1,313,851
		Total	$8,120,259	9,637,210	7,214,880	6,638,557	5,379,220	5,016,280

	Expenditures by Function
		Utility	$1,822,854	1,998,817	1,635,629	1,533,059	1,869,908	1,939,711
		Debt Service	676,938	542,143	587,582	603,623	582,460	591,802
		Transportation	1,126,558	1,322,814	566,985	584,670	556,460	334,880
		General Government	605,029	2,627,921	544,988	520,311	508,358	467,297
		Public Safety	1,108,523	1,062,743	926,275	926,533	885,786	870,013
		Other	1,938,083	2,040,274	877,890	2,444,812	640,972	904,205
		Total	$7,277,985	9,594,712	5,139,349	6,613,008	5,043,944	5,107,908

	Expenditures by Object
		Salaries & Wages	$2,146,294	2,048,993	1,783,091	1,642,759	1,935,151	1,270,025
		Capital Outlay	670,328	2,333,461	294,005	306,436	124,254	518,936
		Other Operating + Debt Service	4,461,363	5,212,258	3,062,253	4,663,813	2,984,539	3,318,947
		Total	$7,277,985	9,594,712	5,139,349	6,613,008	5,043,944	5,107,908


	Per Capita Revenues by Source
		Property Tax	$4,137	3,272	3,221	3,374	3,572	2,882
		Utility	4,867	4,834	5,603	4,196	4,349	3,836
		Sales Tax	244	245	242	248	141	181
		Sales & Services	1,147	1,134	1,140	283	360	693
		Intergovernmental	748	1,709	857	2,952	617	654
		Debt Proceeds	-	3,593	-	223	-	-
		Other Miscellaneous	4,842	4,449	3,937	3,093	2,968	2,926
		Total	$15,985	19,236	15,000	14,369	12,007	11,172

	Per Capita Expenditures by Function
		Utility	$3,588	3,990	3,400	3,318	4,174	4,320
		Debt Service	1,333	1,082	1,222	1,307	1,300	1,318
		Transportation	2,218	2,640	1,179	1,266	1,242	746
		General Government	1,191	5,246	1,133	1,126	1,135	1,040
		Public Safety	2,182	2,121	1,926	2,005	1,977	1,938
		Other	3,815	4,072	1,825	5,292	1,431	2,014
		Total	$14,327	19,151	10,685	14,314	11,259	11,376

	Per Capita Expenditures by Object
		Salaries & Wages	$4,225	4,090	3,707	3,556	4,320	2,829
		Capital Outlay	1,320	4,658	611	663	277	1,156
		Other Operating	8,782	10,403	6,367	10,095	6,662	7,391
		Total	$14,327	19,151	10,685	14,314	11,259	11,376

	Population Group		No Electric 500 to 999	No Electric 500 to 999	No Electric 499 and Below	No Electric 499 and Below	No Electric 499 and Below	No Electric 499 and Below
		Number of Municipalites in Group	95	96	119	121	124	126
		Average Population In Group	730	726	260	262	266	267
		Town of Ocean Isle Beach Population	508	501	481	462	448	449
	Group Average Per Capita Revenues by Source
		Property Tax	374	335	472	449	472	437
		Utility	384	350	379	292	291	261
		Sales Tax	176	166	148	145	134	116
		Sales & Services	62	65	68	50	62	65
		Intergovernmental	271	366	331	618	491	397
		Debt Proceeds	83	67	274	13	96	23
		Other Miscellaneous	240	250	250	212	230	253
		Total	1,590	1,599	1,922	1,779	1,776	1,552

	Group Average Per Capita Expenditures by Function
		Utility	390	404	528	445	399	436
		Debt Service	90	83	175	151	82	75
		Transportation	137	153	154	172	151	117
		General Government	301	312	305	288	295	273
		Public Safety	273	250	239	212	252	221
		Other	274	280	291	528	402	297
		Total	1,465	1,482	1,692	1,796	1,581	1,419

	Group Average Per Capita Expenditures by Object
		Salaries & Wages	378	352	369	327	348	298
		Capital Outlay	262	334	500	456	500	423
		Other Operating	825	796	823	1,013	733	698
		Total	1,465	1,482	1,692	1,796	1,581	1,419


General Fund Go to top of page			2008	2007	2006	2005	2004	2003
	General Fund revenues		$3,791,852	3,506,922	3,116,681	3,646,325	2,550,002	2,399,881
	General Fund expenditures		4,413,418	5,914,228	2,344,492	3,761,912	2,162,793	1,877,903
	Operating transfers in		474,004	300,000	200,000	75,000	75,000	75,000
	Operating transfers out		-	-	-	-	-	200,000
	Capital leases and installment purchase proceeds		-	1,800,000	-	103,129	-	-
	Other items		-	-	-	-	-	-
	Excess of revenues and other sources over (under) expenditures and other uses		(147,562)	(307,306)	972,189	62,542	462,209	396,978

	Fund balance available (FBA):
		In dollars	$2,996,706	3,285,806	3,589,352	2,625,732	2,569,830	2,110,810
		FBA as a % of GF Net Expenditures:
		Unit's FBA %	67.90	79.86	153.10	71.77	118.82	101.58
		Group weighted average FBA %	87.97	100.30	122.45	109.03	128.31	118.72
		State weighted average Non-Electric Group	36.47	37.14	36.51	36.90	36.42	36.42
		State weighted average FBA %	36.20	36.37	36.31	36.76	36.35	36.06


Enterprise Funds: Go to top of page
	Water/Sewer

	Combined financial results:
		Working capital	$2,896,590	2,372,970	2,025,306	1,340,449	1,191,329	1,562,257
		Quick ratio	6.38	5.54	4.66	3.47	3.04	3.04
		Net income	590,791	609,523	939,737	346,635	(197,382)	124,448
		Cashflow from operations	623,247	697,435	1,035,769	550,481	(145,877)	(28,967)
		Depreciation & Amortization Expense	271,874	297,710	259,613	268,258	249,961	259,112



Cash, Investments and Financing Go to top of page			2008	2007	2006	2005	2004	2003

		Population at July 1st of the Previous Year	508	501	481	462	448	449
		Population Group	No Electric 500 to 999	No Electric 500 to 999	No Electric 499 and Below	No Electric 499 and Below	No Electric 499 and Below	No Electric 499 and Below
		Cash &Investments	$6,498,327	6,325,149	6,616,890	5,151,003	4,937,009	4,803,096
		Investment Earnings	410,840	397,378	219,448	104,934	47,271	56,530
		Tax Rate Equivalent	0.0157	0.0338	0.0150	0.0102	0.0047	0.0070
		Tax Rate Equivalent Group weighted average	0.0243	0.0375	0.0318	0.0173	0.0098	0.0129
		Tax Rate Equivalent Statewide weighted average	0.0524	0.0920	0.0573	0.0415	0.0340	0.0332
		Latest year of Revaluation	2007	2003	2003	2003	2003	1999
		January 1, Prior Year Assessed Valuation	$2,622,441,516	1,174,136,582	1,465,616,237	1,027,366,952	1,002,641,806	812,950,216
		Tax Rate	0.0800	0.1400	0.1400	0.1500	0.1600	0.1600
		Tax Rate Group weighted average	0.1929	0.2310	0.3049	0.3181	0.3240	0.3336
		Tax Rate State Wide	0.4254	0.4455	0.4321	0.4448	0.4566	0.4594
		Assessment -to-Sales Ratio	99.29	62.50	80.00	87.38	100.00	81.22
		Assessment -to-Sales Ratio Group weighted average	87.77	77.67	81.67	87.64	94.38	82.33
		Assessment -to-Sales Ratio Statewide	88.52	88.41	92.28	92.35	92.18	89.54
		Assessed Valuation Adjusted for Assesment to Sales Ratio	$2,641,193,993	1,878,618,531	1,832,020,296	1,175,746,111	1,002,641,806	1,000,923,684
		EffectiveTax Rate	0.0794	0.0875	0.1120	0.1311	0.1600	0.1300
		Group weighted average Effective Tax Rate	0.1693	0.1794	0.2490	0.2788	0.3058	0.2746
		Statewide weighted average Effective Tax Rate	0.3765	0.3939	0.3987	0.4108	0.4209	0.4113
		Percent Collected	99.30	99.38	99.72	99.57	99.49	99.84
		Percent Collected Group weighted average	97.29	96.02	97.71	97.79	97.61	89.81
		Percent Collected Statewide	97.97	97.59	97.55	97.42	97.31	96.96
		Percent Collected Excluding Motor Vehicles	99.33	99.46	99.81	99.66	99.57	99.92
		Percent Collected Excluding Motor Vehicles Group weighted average	97.38	97.36	98.29	98.48	98.45	98.35
		Percent Collected Excluding Motor Vehicles Statewide weighted average	98.66	98.59	98.61	98.36	98.26	98.31
		Percent Collected Motor Vehicles Only	92.79	91.25	90.49	90.38	89.32	89.17
		Percent Collected Motor Vehicles Only Group weighted average	82.90	81.48	84.25	84.13	83.78	84.50
		Percent Collected Motor Vehicles Only Statewide weighted average	86.74	86.71	86.80	87.31	87.62	86.69
		Tax Uncollected	864	10,167	4,370	6,785	8,176	2,088
		Tax Rate Equivalent	0.0000	0.0009	0.0003	0.0007	0.0008	0.0003
		Dominant County: Brunswick
	Debt Information
		Population Group	500 to 999	500 to 999	Under 500	Under 500	Under 500	Under 500
		Ratings:
		Fitch
		Moody's
		S & P				BBB	BBB	BBB

		General Obligation Debt (GO) where the taxing power of the entrire municipality is pledged to pay the obligation
		Enterprise GO Debt	$0	0	110,000	255,000	410,000	570,000
		General Government GO Debt	0	0	0	0	0	0
		Total General Obligation Debt	0	0	110,000	255,000	410,000	570,000
		Per Capita	$0	0	229	552	915	1,269
		Total Per Capita for the Population Group	216	212	217	236	300	#N/A
		Total Per Capita Statewide	456	478	495	505	548	#N/A
		Total per Assessed Valuation Adjusted for Current Year Sales	0.0000%	0.0000%	0.0060%	0.0217%	0.0409%	0.0569%
		Total per Assessed Valuation Adjusted for Current Year Sales- Group Average	0.0884%	0.1085%	0.1208%	0.1597%	0.2110%	#N/A
		Total per Assessed Valuation Adjusted for Current Year Sales - Statewide	0.4131%	0.4706%	0.5275%	0.5588%	0.6442%	#N/A
		Total Authorized but not Issued General Obligation Debt

		Installment Sales Purchases and Lease Obligations
		--Enterprise	$2,103,309	2,370,453	2,624,575	2,866,312	3,096,265	3,315,010
		--General Government	1,957,075	1,800,000	0	0	0	0
		Total*	$4,060,384	4,170,453	2,624,575	2,866,312	3,096,265	3,315,010
		* The total only includes the contracts that require Local Government Commission approval.
		Revenue Bond Debt	$0	0	0	0	0	0


Annual Financial Information Report Detail Go to top of page
Line	Section	Description	2008	2007	2006	2005	2004	2003
	Population at July 1st of the Previous Year Adjusted for Boundry Changes		508	501	481	462	448	449

1A	Non GASB34	General Fund Assets						2,211,126
1B	FISCAL	General Fund Liabilities						69,917
2A	SUMMARY	Debt-service Assets
2B		Debt service Liabilities
3A		Enterprise Assets						15,005,378
3B		Enterprise Liabilities						4,286,140
4A		Internal Service Assets
4B		Internal service Liabilities
5A		Special Revenue Assets						643,188
1.5A	GASB34	Governmental Activities Assets	7,764,839	7,535,238	6,103,456	5,168,119	5,006,155
1.5B	FISCAL	Governmental Activities Liabilities	1,979,646	2,039,111	172,290	381,257	154,704
3.5A	SUMMARY	Business Type Activities Assets	15,335,809	15,030,992	14,765,034	14,194,412	14,210,176
3.5B		Business Type Activities Liabilties	2,327,555	2,613,529	2,957,094	3,326,209	3,688,320
6.5A		Fiduciary Funds Assets
6.5B		Fiduciary Funds Liabilties
5B		Special Revenue Liabilities						7,870
6A		Trust & Agency Assets
6B		Trust & Agency Liabilities
7A		Capital Project Assets
7B		Capital Project Liabilities
8A		General Fixed Assets						2,909,748
9B		General Long term debt - Liabilities						35,975
10	PART 2	Current collections of unit-wide levy	2,094,456	1,635,105	1,546,175	1,556,244	1,597,551	1,291,992
11	TAX	Current collection of special tax districts						5,594
12	REVENUES	Prior years' levy collections
13		Penalties and interest	7,190	4,048	3,229	2,460	2,804	2,175
14		Collection of taxes previously written off
15		Animal tax
16		1% Local government sales and use tax	123,799	122,558	116,114	114,487	63,583	37,986
17		1/2% Local government sales and use taxes (Article 40)						19,759
18		1/2% Local government sales and use taxes (Article 42)						19,553
18.5		1/2% Local government sales and use taxes (Article 44)						3,884
19		Licenses Privilege						2,145
19.1		Privilege - Occupational & business licensing & permit taxes
19.2		Privilege -- All other privileges and pemits
20		General Municipal Vehicle Tax
21		Vehicle Tax for Public Transportation
22		Other licenses - Include CATV	7,706	81,947	73,375	67,185	88,933	55,357
23		Local occupancy tax	931,623	851,134	825,320	760,882	717,483	727,752
24		Prepared food tax
25		911 charges
26		Gross Receipts Tax on Short Term Vehicles Leases
27	FEDERAL	FEDERAL Payment in lieu of taxes
28	INTERGOV	Equitable sharing of Federally forfeited property
29	REVENUES	General government
30		Public safety					55,342	29,485
31		Transportation - Streets
32		Transportation - All other
33		Utility franchise tax					7,787	8,425
34		Housing/community development
35		All Other	48,268	26,279	39,315
36		Human services: Health, mental health, hospitals
37		All other
38		Culture and recreation
39	STATE	State Payment in Lieu of Taxes
40	INTERGOV	Controlled substance tax
41	REVENUES	Intangibles tax reimbursement + Transistional Hold Harmless Revenues
42		Wireless Enhanced 911 Service Charges
43		Piped Natural Gas Charge Distribution
44		Utility franchise tax	168,378	163,943	149,166	137,198	127,865	117,180
45		Beer and Wine tax	2,623	2,189	2,431	1,983	1,928	1,927
46		Powell Bill	33,906	29,899	29,348	29,230	26,499	29,077
47		Food stamp purchases tax reimbursement
48		Inventories tax reimbursements
49		Senior Citizens Exemption - 50%
50		Court fees - Facilities and arrest fees	12,146	19,780	7,985	15,390	18,362	13,172
51		General Government
52		Public safety	61,006	7,289	33,604	33,631
53		Transportation - Streets
54		Transportation - All other		347,972	74,289
55		Environmental protection	3,491	240,756	66,061	1,146,378	17,377
56		Econ. & Phys. Dev. - Housing/Comm. Dev.
57		Econ. & Phys. Dev. - All Other					21,303
58		Human Services: Health, mental health, hospitals
59		All Other
60		Culture and recreation
61	LOCAL	LOCAL Payment in lieu of taxes
62	INTERGOV	General government
63	REVENUES	Public safety
64		Transportatin - Streets
65		Transportation - All other	43,780
66		Environmental protection	6,410	18,050	10,125
67		Economic and physical development						94,176
68		Human Services: Health, Mental Health & Hosp
69		Human Services: All Other
70		Culture and recreation
71	PERMITS	Building permits	215,367	215,836	390,306	330,129	380,287	298,954
72	& FEES	Inspection fees
72.1		Amusements licensing and permit taxes
73		Other permits	5,850	9,250	13,600	14,800	16,800	19,065
74	SALES &	Parking revenues
75	SERVICES	Rents and royalties	36,000	36,000	39,000	87,886	63,407	75,298
76		Airport	38,384	33,689	32,637	37,302	74,087
77		Fire protection charges
78		Solid waste				2,725		2,025
79		Ambulance and rescue squad charges
80		Cemeteries
81		Recreation service revenues
82		Library service revenues
83		Other cultural and recreational service revenues				2,969	23,572	234,001
84		Mass transit - city operated
85		Other sales and services	508,177	498,647	476,697
86	UTILITY	Water and sewer charges	2,472,494	2,422,041	2,695,040	1,938,382	1,948,236	1,722,314
87	REVENUES	Electric charges
88		Gas charges
88.1		Storm Water Fees
89	MISC.	On bond proceeds
90	REVENUES	On general and all other funds	410,840	397,378	219,448	104,934	47,271	56,530
91		Special assessments
92		Private contribution and donations
93		Sales of materials and fixed assets						777
94		Sales of real property
95		Nongovernment contributions for streets and traffic signals
96		Mixed drink surcharge
97		ABC profit distribution	160,716	58,045	46,130	42,310	26,651	100,280
98		Other miscellaneous revenues	53,645	115,375	25,485	108,923	52,092	47,397
99		Proceeds of the sale of bonds and notes
100		Proceeds of capital leases and installment purchases		1,800,000		103,129
101		Other	674,004	500,000	300,000
102	NON-REV	Supplemental schools taxes - current levy collections
103	RECEIPTS	Prior years' levy collections
104		Tax collections for units other than reporting unit
105		Utilities customers' deposits
106		Deposits other than utility
107		Prepaid taxes
108		Prepaid privilege licenses
109A	PART 4	Governing body - Salaries	14,000
109B	GENERAL	Governing body - All other Direct	7,056	19,555
109C	GOVT	Governing body - Construction
109D		Governing body - Land, Equipment and Existing Structures
110A		Administration - Salaries	310,366	301,896	279,792	272,178	235,465	177,228
110B		Administration - All other Direct	155,577	309,001	185,004	184,704	190,334	195,935
110C		Administration - Construction
110D		Administration - Land, Equipment and Existing Structures		1,900,000				4,116
111A		Elections (cost of) - Salaries
111B		Elections (cost of) - All other Direct
111C		Elections (cost of) - Construction
111D		Elections (cost of) - Land, Equipment and Existing Structures
112A		Finance - Salaries
112B		Finance - All other Direct
112C		Finance - Construction
112D		Finance - Land, Equipment. and Existing Structures
113A		Taxes - Salaries
113B		Taxes - All other Direct
113C		Taxes - Construction
113D		Taxes - Land, Equipment, and Existing Structures
114A		Legal - Salaries
114B		Legal - All other Direct
114C		Legal - Construction
114D		Legal - Land, Equipment, and Existing Structures
115A		Public Buildings - Salaries
115B		Public Buildings - All other Direct	118,030	97,469	80,192	63,429	82,559	90,018
115C		Public Buildings - Construction
115D		Public Buildings - Land, Equipment, and Existing Structures
116A		Court Facilities - Salaries
116B		Court Facilities - All other Direct
116C		Court Facilities - Construction
116D		Court Facilities - Land, Equipment, and Existing Structures
117A		Central Facilites - Salaries
117B		Central Facilities - All other Direct
117C		Central Facilites - Construction
117D		Central Facilites - Land, Equipment, and Existing Structures
118A		General Government All Other - Salaries
118B		General Government All Other - All other Direct
118C		General Government All Other - Construction
118D		General Government All Other - Land, Equipment, and Existing Structures
119A	PUBLIC	Police and Communications - Salaries	768,878	712,064	603,375	581,225	582,677	536,107
119B	SAFETY	Police and Communications - All other Direct	29,360	72,382	85,131	98,468	92,657	92,756
119C		Police and Communications - Construction
119D		Police and Communications - Land, Equipment and Existing Structures	35,999	22,042	22,042	44,562	50,731	74,395
120A		Emergency Communications - Salaries
120B		Emergency Communications - All other Direct
120C		Emergency Communications - Construction
120D		Emergency Communications - Land, Equipment and Existing Structures
121A		Emergency Management - Salaries
121B		Emergency Management - All other Direct
121C		Emergency Managment - Construction
121D		Emergency Management - Land, Equipment, and Existing Structures
122A		Fire - Salaries
122B		Fire - All other Direct
122C		Fire - Construction
122D		Fire - Land, Equipment, and Existing Structures
123A		Inspectors - Salaries	167,176	153,798	120,871	134,792	88,915	111,063
123B		Inspectors - All other Direct	29,383	35,492	34,020	35,255	31,548	34,035
123C		Inspectors - Construction
123D		Inspectors - Land, Equipment, and Existing Structures	5,000				16,529
124A		Rescue Units - Salaries
124B		Rescue Units - All other Direct
124C		Rescue Units - Construction
124D		Rescue Units - Land, Equipment, and Existing Structures						3,851
125A		Animal Control - Salaries
125B		Animal Control - All other Direct
125C		Animal Control - Construction
125D		Animal Control - Land, Equipment, and Existing Structures
126A		Public Safety All Other - Salaries
126B		Public Safety All Other - All other Direct
126C		Public Safety All Other - Construction
126D		Public Safety All Other - Land, Equipment, and Existing Structures
127A	TRANSPOR	Traffic Engineering - Salaries
127B	TATION	Traffic Engineering - All other Direct
127C		Traffic Engineering - Construction
127D		Traffic Engineering - Land, Equipment, and Existing Structures
128A		Streets and Highways - Salaries	185,252	193,662	173,084	145,042	129,622	82,853
128B		Streets and Highways - All other Direct	263,139	575,775	150,080	321,897	397,388	202,203
128C		Streets and Highways - Construction
128D		Streets and Highways - Land, Equipment and Existing Structures	566,323	139,188	139,188	117,731	29,450	49,824
129A		Street Cleaning - Salaries
129B		Street Cleaning - All other Direct
129C		Street Cleaning - Construction
129D		Street Cleaning - Land, Equipment, and Existing Structures
130A		State Street Aid Allocation - Powell Bill - Salries
130B		State Street Aid Allocation - Powell Bill - All other Direct
130C		State Street Aid Allocation - Powell Bill - Construction
130D		State Street Aid Allocation - Powell Bill - Land, Equipment, and Existing Structures
131A		Parking Facilities - Salaries
131B		Parking Facilities - All other Direct
131C		Parking Facilities - Construction
131D		Parking Facilites - Land, Equipment, and Existing Structures
132A		Mass Transit - City - Salaries
132B		Mass Transit - City - All other Direct
132C		Mass Transit - City - Construction
132D		Mass Transit - City - Land, Equipment, and Existing Structures
133B		Mass Transit - Private - All other Direct only
134A		Airport - Salaries
134B		Airport - All other Direct	111,844	414,189	104,633
134C		Airport - Construction
134D		Airport - Land, Equipment, and Existing Structures
135A		Transportation - All Other - Salaries
135B		Transportation - All Other - All other Direct
135C		Transportation - All Other - Construction
135D		Transportation - All Other - Land, Equipment, and Existing Structures
136A	ENVIRON	Solid Waste - Salaries
136B	MENTAL	Solid Waste - All other Direct	98,084	75,018	82,578	52,196	109,361	80,714
136C	PROTECTION	Solid Waste - Construction
136D		Solid Waste - Land, Equipment, and Existing Structures
137A		Drainage and Watershed - Salaries
137B		Drainage and Watershed - All other Direct					41,109	37,063
137C		Drainage and Watershed - Construction
137D		Drainage and Watershed - Land, Equipment, and Existing Structures
138A		Cemeteries - Salaries
138B		Cemeteries - All other Direct
138C		Cemeteries - Construction
138D		Cemeteries - Land, Equipment, and Existing Structures
139A		Environmental Protection - All Other - Salaries
139B		Environmental Protection - All Other - All other Direct	1,158,393	1,081,586	216,347	1,591,312	15,627	42,395
139C		Environmental Protection - All Other - Construction
139D		Environmental Protection All Other - Land, Equipment, and Existing Structures
140A	ECONOMIC	Planning and Zoning - Salaries	113,659	83,624	46,742	43,946	38,801	19,858
140B	& PHYSICAL	Planning and Zoning - All other Direct	37,504	52,714	43,214	20,948	7,291	12,609
140C	DEVELOP	Planning and Zoning - Construction
140D		Planning and Zoning - Land, Equipment, and Existing Structures	5,000					13,074
141A		Economic Development - Salaries
141B		Economic Development - All other Direct	525,443	747,332	489,009	736,410		698,492
141C		Economic Development - Construction
141D		Economic Development - Land, Equipment, and Existing Structures
142A		Community Development - Salaries
142B		Community Development - All other Direct
142C		Community Development - Construction
142D		Community Development - Land, Equipment, and Existing Structures
143A		Housing and Urban Renewal - Salaries
143B		Housing and Urban Renewal - All other Direct
143C		Housing and Urban Renewal - Construction
143D		Housing and Urban Renewal - Land, Equipment, and Existing Structures
144A		Special Employment Programs (JTPA) - Salaries
144B		Special Employment Programs (JTPA) - All other Direct
144C		Special Employment Programs (JTPA) - Construction
144D		Special Employment Programs (JTPA) - Land, Equipment, and Existing Structures
145A		Economic and Physical Development - All Other - Salaries [A]					428,783
145B		Economic and Physical Development - All Other - All other Direct
145C		Economic and Physical Development - All Other - Construction
145D		Economic and Physical Development - All Other - Land, Equipment, and Existing Structures
146A	HUMAN	Health - Salaries
146B	SERVICES	Health - All other Direct
146C		Health - Construction
146D		Health - Land, Equipment, and Existing Structures
147A		Mental Health - Salaries
147B		Mental Health - All other Direct
147C		Mental Health - Construction
147D		Mental Health - Land, Equipment, and Existing Structures
148A		Social Services - Salaries
148B		Social Services - All other Direct
148C		Social Services - Construction
148D		Social Services - Land, Equipment, and Existing Structures
149B		Subsidies Paid: Hospitals - City Owned - All other Direct
150B		Subsidies Paid: Hospitals - Private Owned - All other Direct
151A		Other Human Services: Legal Aid - Salaries
151B		Other Human Services: Legal Aid - All other Direct
151C		Other Human Services: Legal Aid - Construction
151D		Other Human Services: Legal Aid - Land, Equipment, and Existing Structures
152A		Human Services - All Other - Salaries
152B		Human Services - All Other - All other Direct
152C		Human Services - All Other - Construction
152D		Human Services - All Other - Land, Equipment, and Existing Structures
153A	CULTURE	Recreation and Parks - Salaries
153B	RECREATION	Recreation and Parks - All other Direct
153C		Recreation and Parks - Construction
153D		Recreation and Parks - Land, Equipment, and Existing Structures
154A		Coliseum - Salaries
154B		Coliseum - All other Direct
154C		Coliseum - Construction
154D		Coliseum - Land, Equipment, and Existing Structures
155A		Museums - Salaries
155B		Museums - All other Direct
155C		Museums - Construction
155D		Museums - Land, Equipment, and Existing Structures
156A		Libraries - Salaries
156B		Libraries - All other Direct
156C		Libraries - Construction
156D		Libraries - Land, Equipment, and Existing Structures
157A		Culture and Recreation - All Other - Salaries
157B		Human Services - All Other - All other Direct
157C		Human Services - All Other - Construction
157D		Human Services - All Other - Land, Equipment, and Existing Structures
158A	UTILITY	Water and Sewer - Salaries	586,963	603,949	559,227	465,576	430,888	342,916
158B		Water and Sewer - All other Direct	1,177,885	1,122,637	943,627	923,340	1,411,476	1,223,119
158C		Water and Sewer - Construction
158D		Water and Sewer - Land, Equipment, and Existing Structures	58,006	272,231	132,775	144,143	27,544	373,676
159A		Electric Power - Salaries
159B		Electric Power - All other Direct
159C		Electric Power - Construction
159D		Electric Power - Land, Equipment, and Existing Structures
160A		Natural Gas - Salries
160B		Natural Gas - All other Direct
160C		Natural Gas - Construction
160D		Natural Gas - Land, Equipment and Existing Structures
160.1A		Storm water salaries
160.1B		Storm water other operating
160.1C		Storm water contruction
160.1C		Storm water land, equipment and existing structures
161B	DEBT	Water and Sewer - Debt Service Interest Payments	116,705	136,120	159,600	174,678	193,158	213,719
161D	SERVICE	Water and Sewer - Debt Service Principal Payments	287,721	384,026	405,986	406,949	389,302	378,083
162B		Electric - Debt Service Interest Payments
162D		Electric - Debt Service Principal Payments
163B		Gas - Debt Service Interest Payments
163D		Gas - Debt Service Principal Payments
164B		School - Debt Service Interest Payments
164D		School - Debt Service Principal Payments
165B		Hospital - Debt Service Interest Payments
165D		Hospital - Debt Service Principal Payments
166B		All Other - Debt Service Interest Payments	71,935	2,094	2,746
166D		All Other - Debt Service Principal Payments	200,577	19,903	19,250	21,996
167B	PENSION	Direct Benefit Program - Pension Fund operated by the Unit
168B	FRINGE	Fringe Benefits Unallocated - (B)
169B		Separation Allowance - Law Enforcement Officers -(B)
170B		Separation Allowance - Other Employees - (B)
171B		Supplemental Retirement Income Plan for Law Enforcement Officers - (B)	72,727	66,965	60,836	32,231	22,729	17,806
172B		Fringe Benefits Other - (B)
173A		Multi-County Library District, County, or Other Municipality Authority
173B	INTERGOV	Multi-County Library District, County, or Other Municipality (Item number)
173C	EXPEND	Multi-County Library District, County, or Other Municipality (Amount)
174A		General Governmental Actitivies shared with the County (County)
174B		General Governmental Actitivies shared with the County (Item number)
174C		General Governmental Actitivies shared with the County (Amount)
175A		Highways (Payments to State) (State)
175B		Highways (Payments to State) (Item number)
175C		Highways (Payments to State) (Amount)
176A		Others - Name of Payee #1
176B		Others - 1 (B)
176C		Others - 1 (C)
177A		Others - Name of Payee #2
177B		Others - 2 (B)
177C		Others - 2 (C)
178A		Others - Name of Payee #3
178B		Others - 3 (B)
178C		Others - 3 (C)
179	PART 6	Current Year Levy Excluding Motor Vehicles	2,092,895	1,637,702	1,534,083	1,555,278	1,591,744	1,290,356
180	OTHER	Current Year Levy Motor Vehicles Only	10,604	14,711	15,711	14,781	12,384	10,319
181	DATA	Uncollected Taxes - Current Year's Levy - Excluding Motor Vehicles	14,052	8,880	2,876	5,363	6,854	970
182		Uncollected Taxes - Current Year's Levy - Motor Vehicles	765	1,287	1,494	1,422	1,322	1,118
183		Percentage of Taxes Collected - Current Year All Property	99.3	99.38	99.72	99.57	99.49	99.84
184		Percentage of Taxes Collected - Current Year - Excluding Motor Vehicles	99.33	99.46	99.81	99.66	99.57	99.92
185		Percentage of Taxes Collected - Current Year - Motor Vehicles	92.79	91.25	90.49	90.38	89.32	89.17
186		Total Amount of Expenditures for Salaries and Wages to Unit's Own Personnal
187A		Capital Reserve or Available Funds - Schools - July 1, Previous Year
187B		Capital Reserve or Available Funds - Schools - June 30, Current Year
188A		Capital Reserve or Available Funds - Hospitals - July 1, Previous Year
188B		Capital Reserve or Available Funds - Hospitals - June 30, Current Year
189A	PART 7	Cash on Hand and in Bank, and Securities - Held in Debt Service Fund
189B	CASH &	Cash on Hand and in Bank, and Securities - Construction Bond Fund - Unexpended bond proceeds
189C	INVEST	Cash on Hand and in Bank, and Securities - All Other	6,498,327	6,325,149	6,616,890	5,151,003	4,937,009	4,803,096
190A	PART	Appropriations made during the fiscal year pursuant to subsections b (1- 7)
190B	8	Expenditures made during the fiscal year pursuant to subsections b (1- 7)
191		Investment in Property Acquired at any time under G.S. 158
192		Amount Expended during the fiscal year pursuant to subsections b (5) and b (7)
193		Amount of Tax Revenues taken into account under G.S.
194A	PART 9	Amounts - Total Revenues and other financing sources per audit	8,120,259	9,637,210	7,214,880	6,813,557	5,479,220	5,391,280
194B	FISCAL	Amounts - Subtract proceeds of refunding debt
194C	SUMMARY	Amounts - Subtract interfund transfers in				175,000	100,000	375,000
194D		Amounts - Net Revenues per AFIR	8,120,259	9,637,210	7,214,880	6,638,557	5,379,220	5,016,280
		Calculated amount	8,120,259	9,637,210	7,214,880	6,638,557	5,379,220	5,016,280
		Amounts in AGREEMENT??	Yes	Yes	Yes	Yes	Yes	Yes
		Difference
195A		Amounts - Total Expenditures and other financing sources per audit	7,277,985	9,594,712	5,139,349	6,788,008	5,143,944	5,482,908
195B		Amounts - Subtract payments to refunding debt escrow agent
195C		Amounts - Subtract interfund transfers out				175,000	100,000	375,000
195D		Amounts Net Expenditures per AFIR	7,277,985	9,594,712	5,139,349	6,613,008	5,043,944	5,107,908
		Calculated amount	7,277,985	9,594,712	5,139,349	6,613,008	5,043,944	5,107,908
		Amounts in AGREEMENT??	Yes	Yes	Yes	Yes	Yes	Yes
		Difference

	PART 10

950		Name of Official Signatory	Daisy Ivey
951		Title of Official	Finance Officer
952		Date Certified	11/04/2008	11/30/2007	10/25/2006
953		Person to Contact	Daisy Ivey
954		Title of Person to Contact	Finance Officer
955		Telephone Number	910-579-2166
956		Facsimile Number

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

	2008	2007	2006	2005	2004	2003

Population	508	501	481	462	448	449
Population Group	No Electric 500 to 999	No Electric 500 to 999	No Electric 499 and Below	No Electric 499 and Below	No Electric 499 and Below	No Electric 499 and Below
Total Operating Revenues	$2,375,678	2,339,744	2,637,956	1,993,635	1,948,236	1,722,314
Total Operating Revenues Per Capita	$4,677	4,670	5,484	4,315	4,349	3,836
Group Weighted Average Revenues Per Capita	491	503	650	500	458	433
State Weighted Average Revenues Per Capita	364	367	356	331	308	295

% to Total Operating Revenues
Operating Expenses	86.34%	85.20%	67.03%	82.79%	107.89%	101.17%
Group Weighted Average	111.96%	101.46%	96.89%	104.72%	113.88%	111.86%
State Weighted Average	86.74%	82.44%	81.55%	85.60%	89.13%	90.84%

Operating Margin	13.66%	14.80%	32.97%	17.21%	-7.89%	-1.17%
Group Weighted Average	-11.96%	-1.46%	3.11%	-4.72%	-13.88%	-11.86%
State Weighted Average	13.26%	17.56%	18.45%	14.40%	10.87%	9.16%

Operating Transfers In/(out)	8.42%	8.55%	3.79%	5.02%	5.13%	17.42%
Group Weighted Average	-0.20%	2.51%	11.19%	4.46%	-1.78%	-1.67%
State Weighted Average	3.96%	-0.78%	-0.58%	-0.79%	-1.21%	-0.99%

Net Income before capital contributions	24.87%	26.05%	35.62%	17.39%	-10.13%	7.23%
Group Weighted Average	-7.18%	1.42%	12.89%	-5.37%	-12.02%	-13.35%
State Weighted Average	13.45%	11.89%	9.65%	8.63%	2.88%	0.31%

Key Ratios and Cash Flow

Quick Ratio	6.38	5.54	4.66	3.47	3.04	3.04
Group Weighted Average	2.98	2.79	2.92	1.92	2.91	3.17
State Weighted Average	2.95	2.90	2.82	1.81	2.76	3.04

Days Sales in Receivables	63.1	72.9	62.8	67.8	73.6	64.7
Group Weighted Average	62.5	65.0	57.8	67.2	65.9	57.3
State Weighted Average	55.3	59.9	57.8	59.9	65.7	60.0

Days Cash on Hand	596.1	508.5	498.2	394.0	273.1	490.2
Group Weighted Average	382.6	386.6	421.0	376.8	361.6	392.6
State Weighted Average	457.8	497.5	458.0	423.5	407.9	414.8

Cash flow from Operations	$623,247	697,435	1,035,769	550,481	-145,877	-28,967

Debt to Equity	0.16	0.19	0.20	0.29	0.30	0.33
Group Weighted Average	0.15	0.16	0.15	0.13	0.12	0.14
State Weighted Average	0.56	0.55	0.52	0.52	0.52	0.50

Debt per Capita	4,183	4,815	5,015	6,932	6,967	7,853
Group Weighted Average	613	660	920	611	531	577
State Weighted Average	1,136	1,091	989	929	855	852

Capital Expenditures:	2008	2007	2006	2005	2004	2003
	$58,006	272,231	132,775	144,143	27,544	373,676

	2002	2001	2000	1999
	$1,024,556	2,773,371	765,957	576,857

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


Operating Statistics

Estimated population of the areas served Water	0	25,000	NA	NA	NA	NA
Estimated population of the areas served Sewer	0	25,000	NA	NA	NA	NA

Number of Gallons of Water Processed (000) omitted	234,338,000	230,000	NA	NA	NA	NA
Number of Gallons of Sewage Processed (000) omitted	99,335,426	106,000	NA	NA	NA	NA

Number of Gallons of Water Billed (000) omitted	204,794,990	229,000	NA	NA	NA	NA
Number of Gallons of Sewage Billed (000) omitted	146,845,251	163,000	NA	NA	NA	NA

Ratio of Water Billed to Water Processed	0.87393	0.99565	NA	NA	NA	NA
Ratio of Sewage Billed to Sewage Processed	1.47828	1.53774	NA	NA	NA	NA

Total Revenue from Water Sales	1,278,356	1,230,639	NA	NA	NA	NA
Total Revenue from Sewage Sales	1,146,233	1,099,996	NA	NA	NA	NA

Water Revenue per 1000 gallons of Sales		49.22556	NA	NA	NA	NA
Sewage Revenue per 1000 gallons of Sales		43.99984	NA	NA	NA	NA

Group Average Sales per thousand Gallons Water	$13,144.87654	$5,350.70834	NA	NA	NA	NA
Group Average Sales per thousand Gallons Sewage	$10,395.28087	$3,921.08643	NA	NA	NA	NA

State Average Sales per thousand Gallons Water	$13,144.87654	$5,350.70834	NA	NA	NA	NA
State Average Sales per thousand Gallons Sewage	$10,395.28087	$3,921.08643	NA	NA	NA	NA

Residential Water Sales per thousand Gallons	$0.00652	5.46850	NA	NA	NA	NA
Residential Sewage Sales per thousand Gallons	$0.00807	6.88599	NA	NA	NA	NA

Water Sales per thousand Gallons outside Municipal Limits		4.19473	NA	NA	NA	NA
Sewage Sales per thousand Gallons outside Municipal Limits			NA	NA	NA	NA

Total Water Sales per thousand gallons for Redistribution	$0.00000	30,642.00000	NA	NA	NA	NA
Total Sewage Sales per thousand gallons for Redistribution	$0.00000	0.00000	NA	NA	NA	NA

Financial Graphs and Comparisons

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

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Analysis of Available Fund Balance: General Fund

	2004	2005	2006	2007	2008
Unit's FBA %	118.82%	71.77%	153.10%	79.86%	67.90%
Group average FBA %	128.31%	109.03%	122.45%	100.30%	87.97%
State average Electric/Non Electric Group FBA %	36.42%	36.90%	36.51%	37.14%	36.47%
State average FBA %	36.35%	36.76%	128.31%	36.37%	36.20%

Municipal Population Group: No Electric 500 to 999

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2004 2005 2006 2007 2008

Municipality 99.49% 99.57% 99.72% 99.38% 99.30%

Pop. Group 97.61% 97.79% 97.71% 96.02% 97.29%

Statewide 97.31% 97.42% 97.55% 97.59% 97.97%

Municipal Population Group: No Electric 500 to 999

	2004	2005	2006	2007	2008
Municipality	99.49%	99.57%	99.72%	99.38%	99.30%
Pop. Group	97.61%	97.79%	97.71%	96.02%	97.29%
Statewide	97.31%	97.42%	97.55%	97.59%	97.97%

Municipal Population Group: No Electric 500 to 999

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2004 2005 2006 2007 2008

Municipality 915 552 229 0 0

Pop. Group 300 236 217 212 216

Statewide 548 505 495 478 456

Municipal Population Group: 500 to 999

	2004	2005	2006	2007	2008
Municipality	915	552	229	0	0
Pop. Group	300	236	217	212	216
Statewide	548	505	495	478	456

Municipal Population Group: 500 to 999

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2004 2005 2006 2007 2008

Property Tax $3,572 3,374 3,221 3,272 4,137

Utility 4,349 4,196 5,603 4,834 4,867

Sales Tax 141 248 242 245 244

Sales & Services 360 283 1,140 1,134 1,147

Intergovernmental 617 2,952 857 1,709 748

Debt Proceeds 0 223 0 3,593 0

Other Miscellaneous 2,968 3,093 3,937 4,449 4,842

Total $12,007 14,369 15,000 19,236 15,985

	2004	2005	2006	2007	2008
Property Tax	$3,572	3,374	3,221	3,272	4,137
Utility	4,349	4,196	5,603	4,834	4,867
Sales Tax	141	248	242	245	244
Sales & Services	360	283	1,140	1,134	1,147
Intergovernmental	617	2,952	857	1,709	748
Debt Proceeds	0	223	0	3,593	0
Other Miscellaneous	2,968	3,093	3,937	4,449	4,842
Total	$12,007	14,369	15,000	19,236	15,985

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2008
2008

Category Revenue
Per Capita

Property Tax $2,101,646
$4,137

Water/Sewer 2,472,494
4,867

Electric 0
0

Other Utilities 0
0

Sales Tax 123,799
244

Sales & Services 582,561
1,147

Intergovernment 380,008
748

Debt Proceeds 0
0

Miscellaneous 2,459,751
4,842

Total $8,120,259
$15,985

Municipal Population Group: No Electric 500 to 999

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2008
2008

Category Expenditures
Per Capita

General Government $605,029
$1,191

Water/Sewer 1,822,854
3,588

Electric 0
0

Other Utilities 0
0

Debt Service 676,938
1,333

Transportation 1,126,558
2,218

Public Safety 1,108,523
2,182

Other 1,938,083
3,815

Total $7,277,985
$14,327

Municipal Population Group: No Electric 500 to 999

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2008
2008

Category Expenditures
Per Capita

Salaries & Wages $2,146,294
$4,225

Water/Sewer Capital 58,006
114

Electric Capital 0
0

Other Capital 612,322
1,205

Other Operating 4,461,363
8,782

Total $7,277,985
$14,327

Municipal Population Group: No Electric 500 to 999

Last Updated 8/27/2009 7:51:31 AM



	2008	2008
Category	Revenue	Per Capita
Property Tax	$2,101,646	$4,137
Water/Sewer	2,472,494	4,867
Electric	0	0
Other Utilities	0	0
Sales Tax	123,799	244
Sales & Services	582,561	1,147
Intergovernment	380,008	748
Debt Proceeds	0	0
Miscellaneous	2,459,751	4,842
Total	$8,120,259	$15,985

Municipal Population Group: No Electric 500 to 999

North CarolinaDepartment of State TreasurerFinancial InformationTown of Ocean Isle Beach

Financial Graphs and Comparisons

North Carolina
Department of State Treasurer
Financial Information
Town of Ocean Isle Beach