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

Institute of Government North Carolina Cities Web Site

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

Municipality Revenues and Expenditures Financial Profile Go to top of page			2009	2008	2007	2006	2005	2004
	Revenues by Source
		Property Tax	$2,395,869	2,101,646	1,639,153	1,549,404	1,558,704	1,600,355
		Utility	2,553,695	2,472,494	2,422,041	2,695,040	1,938,382	1,948,236
		Sales Tax	109,378	123,799	122,558	116,114	114,487	63,583
		Sales & Services	1,477,951	582,561	568,336	548,334	130,882	161,066
		Intergovernmental	1,608,487	380,008	856,157	412,324	1,363,810	276,463
		Debt Proceeds	585,430	-	1,800,000	-	103,129	-
		Other Miscellaneous	2,610,661	2,459,751	2,228,965	1,893,664	1,429,163	1,329,517
		Total	$11,341,471	8,120,259	9,637,210	7,214,880	6,638,557	5,379,220

	Expenditures by Function
		Utility	$2,029,617	1,822,854	1,998,817	1,635,629	1,533,059	1,869,908
		Debt Service	778,684	676,938	542,143	587,582	603,623	582,460
		Transportation	460,793	1,126,558	1,322,814	566,985	584,670	556,460
		General Government	791,317	605,029	2,627,921	544,988	520,311	508,358
		Public Safety	2,345,140	1,108,523	1,062,743	926,275	926,533	885,786
		Other	3,352,889	1,938,083	2,040,274	877,890	2,444,812	640,972
		Total	$9,758,440	7,277,985	9,594,712	5,139,349	6,613,008	5,043,944

	Expenditures by Object
		Salaries & Wages	$2,647,108	2,146,294	2,048,993	1,783,091	1,642,759	1,935,151
		Capital Outlay	668,215	670,328	2,333,461	294,005	306,436	124,254
		Other Operating + Debt Service	6,443,117	4,461,363	5,212,258	3,062,253	4,663,813	2,984,539
		Total	$9,758,440	7,277,985	9,594,712	5,139,349	6,613,008	5,043,944


	Per Capita Revenues by Source
		Property Tax	$4,679	4,137	3,272	3,221	3,374	3,572
		Utility	4,988	4,867	4,834	5,603	4,196	4,349
		Sales Tax	213	244	245	242	248	141
		Sales & Services	2,887	1,147	1,134	1,140	283	360
		Intergovernmental	3,142	748	1,709	857	2,952	617
		Debt Proceeds	1,143	-	3,593	-	223	-
		Other Miscellaneous	5,099	4,842	4,449	3,937	3,093	2,968
		Total	$22,151	15,985	19,236	15,000	14,369	12,007

	Per Capita Expenditures by Function
		Utility	$3,964	3,588	3,990	3,400	3,318	4,174
		Debt Service	1,521	1,333	1,082	1,222	1,307	1,300
		Transportation	900	2,218	2,640	1,179	1,266	1,242
		General Government	1,545	1,191	5,246	1,133	1,126	1,135
		Public Safety	4,580	2,182	2,121	1,926	2,005	1,977
		Other	6,549	3,815	4,072	1,825	5,292	1,431
		Total	$19,059	14,327	19,151	10,685	14,314	11,259

	Per Capita Expenditures by Object
		Salaries & Wages	$5,170	4,225	4,090	3,707	3,556	4,320
		Capital Outlay	1,305	1,320	4,658	611	663	277
		Other Operating	12,584	8,782	10,403	6,367	10,095	6,662
		Total	$19,059	14,327	19,151	10,685	14,314	11,259

	Population Group		No Electric 500 to 999	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
		Number of Municipalites in Group	94	96	96	119	121	124
		Average Population In Group	726	729	726	260	262	266
		Town of Ocean Isle Beach Population	512	508	501	481	462	448
	Group Average Per Capita Revenues by Source
		Property Tax	371	402	335	472	449	472
		Utility	376	407	350	379	292	291
		Sales Tax	154	191	166	148	145	134
		Sales & Services	84	69	65	68	50	62
		Intergovernmental	368	290	366	331	618	491
		Debt Proceeds	98	87	67	274	13	96
		Other Miscellaneous	168	255	250	250	212	230
		Total	1,619	1,701	1,599	1,922	1,779	1,776

	Group Average Per Capita Expenditures by Function
		Utility	389	413	404	528	445	399
		Debt Service	102	98	83	175	151	82
		Transportation	113	149	153	154	172	151
		General Government	287	324	312	305	288	295
		Public Safety	278	293	250	239	212	252
		Other	357	293	280	291	528	402
		Total	1,526	1,570	1,482	1,692	1,796	1,581

	Group Average Per Capita Expenditures by Object
		Salaries & Wages	386	404	352	369	327	348
		Capital Outlay	276	278	334	500	456	500
		Other Operating	864	888	796	823	1,013	733
		Total	1,526	1,570	1,482	1,692	1,796	1,581


General Fund Go to top of page			2009	2008	2007	2006	2005	2004
	General Fund revenues		$6,189,126	3,791,852	3,506,922	3,116,681	3,646,325	2,550,002
	General Fund expenditures		6,152,035	4,413,418	5,914,228	2,344,492	3,761,912	2,162,793
	Operating transfers in		350,000	474,004	300,000	200,000	75,000	75,000
	Operating transfers out		-	-	-	-	-	-
	Capital leases and installment purchase proceeds		585,430	-	1,800,000	-	103,129	-
	Other items		-	-	-	-	-	-
	Excess of revenues and other sources over (under) expenditures and other uses		972,521	(147,562)	(307,306)	972,189	62,542	462,209

	Fund balance available (FBA):
		In dollars	$3,945,143	2,996,706	3,285,806	3,589,352	2,625,732	2,569,830
		FBA as a % of GF Net Expenditures:
		Unit's FBA %	70.87	67.90	79.86	153.10	71.77	118.82
		Group weighted average FBA %	103.50	87.97	100.30	123.14	110.05	128.31
		State weighted average Non-Electric Group	37.77	36.63	37.38	37.38	36.82	36.42
		State weighted average FBA %	37.00	36.34	36.55	36.96	36.78	36.35


Enterprise Funds: Go to top of page
	Water/Sewer

	Combined financial results:
		Working capital	$3,099,873	2,896,590	2,372,970	2,025,306	1,340,449	1,191,329
		Quick ratio	6.13	6.38	5.54	4.66	3.47	3.04
		Net income	317,885	590,791	609,523	939,737	346,635	(197,382)
		Cashflow from operations	482,117	623,247	697,435	1,035,769	550,481	(145,877)
		Depreciation & Amortization Expense	259,308	271,874	297,710	259,613	268,258	249,961



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

		Population at July 1st of the Previous Year	512	508	501	481	462	448
		Population Group	No Electric 500 to 999	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
		Cash &Investments	$7,710,592	6,498,327	6,325,149	6,616,890	5,151,003	4,937,009
		Investment Earnings	1,030,820	410,840	397,378	219,448	104,934	47,271
		Tax Rate Equivalent	0.0390	0.0157	0.0338	0.0150	0.0102	0.0047
		Tax Rate Equivalent Group weighted average	0.0185	0.0244	0.0375	0.0318	0.0173	0.0098
		Tax Rate Equivalent Statewide weighted average	0.0133	0.0524	0.0920	0.0573	0.0415	0.0340
		Latest year of Revaluation		2007	2003	2003	2003	2003
		January 1, Prior Year Assessed Valuation	$2,640,888,866	2,622,441,516	1,174,136,582	1,465,616,237	1,027,366,952	1,002,641,806
		Tax Rate	0.0900	0.0800	0.1400	0.1400	0.1500	0.1600
		Tax Rate Group weighted average	0.1910	0.1936	0.2310	0.3049	0.3181	0.3240
		Tax Rate State Wide	0.4267	0.4243	0.4452	0.4321	0.4448	0.4566
		Assessment -to-Sales Ratio	98.07	99.29	62.50	80.00	87.38	100.00
		Assessment -to-Sales Ratio Group weighted average	87.47	87.67	77.67	81.67	87.64	94.38
		Assessment -to-Sales Ratio Statewide	90.81	88.52	88.41	92.28	92.35	92.18
		Assessed Valuation Adjusted for Assesment to Sales Ratio	$2,692,861,085	2,641,193,993	1,878,618,531	1,832,020,296	1,175,746,111	1,002,641,806
		EffectiveTax Rate	0.0883	0.0794	0.0875	0.1120	0.1311	0.1600
		Group weighted average Effective Tax Rate	0.1670	0.1697	0.1794	0.2490	0.2788	0.3058
		Statewide weighted average Effective Tax Rate	0.3875	0.3756	0.3936	0.3987	0.4108	0.4209
		Percent Collected	99.49	99.30	99.38	99.72	99.57	99.49
		Percent Collected Group weighted average	96.93	96.28	96.02	97.71	97.79	97.61
		Percent Collected Statewide	97.78	97.64	97.59	97.55	97.42	97.31
		Percent Collected Excluding Motor Vehicles	99.52	99.33	99.46	99.81	99.66	99.57
		Percent Collected Excluding Motor Vehicles Group weighted average	96.83	97.42	97.36	98.29	98.48	98.56
		Percent Collected Excluding Motor Vehicles Statewide weighted average	98.31	98.65	98.59	98.61	98.36	98.39
		Percent Collected Motor Vehicles Only	91.43	92.79	91.25	90.49	90.38	89.32
		Percent Collected Motor Vehicles Only Group weighted average	83.80	83.23	81.48	84.25	84.13	83.38
		Percent Collected Motor Vehicles Only Statewide weighted average	86.66	86.74	86.71	86.80	87.31	87.46
		Tax Uncollected	827	14,817	10,167	4,370	6,785	8,176
		Tax Rate Equivalent	0.0000	0.0006	0.0009	0.0003	0.0007	0.0008
		Dominant County: Brunswick
	Debt Information
		Population Group	500 to 999	500 to 999	500 to 999	Under 500	Under 500	Under 500
		Ratings:
		Fitch
		Moody's
		S & P					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	0	110,000	255,000	410,000
		General Government GO Debt	0	0	0	0	0	0
		Total General Obligation Debt	0	0	0	110,000	255,000	410,000
		Per Capita	$0	0	0	229	552	915
		Total Per Capita for the Population Group	200	215	212	217	236	300
		Total Per Capita Statewide	455	456	478	495	505	548
		Total per Assessed Valuation Adjusted for Current Year Sales	0.0000%	0.0000%	0.0000%	0.0060%	0.0217%	0.0409%
		Total per Assessed Valuation Adjusted for Current Year Sales- Group Average	0.0813%	0.0883%	0.1085%	0.1208%	0.1597%	0.2110%
		Total per Assessed Valuation Adjusted for Current Year Sales - Statewide	0.3909%	0.4131%	0.4706%	0.5275%	0.5588%	0.6442%
		Total Authorized but not Issued General Obligation Debt

		Installment Sales Purchases and Lease Obligations
		--Enterprise	$1,822,477	2,103,309	2,370,453	2,624,575	2,866,312	3,096,265
		--General Government	1,743,368	1,957,075	1,800,000	0	0	0
		Total*	$3,565,844	4,060,384	4,170,453	2,624,575	2,866,312	3,096,265
		* The total only includes the contracts that require Local Government Commission approval.
		Revenue Bond Debt	$0	0	0	0	0	0


Annual Financial Information Report Detail Go to top of page
Line	Section	Description	2009	2008	2007	2006	2005	2004
	Population at July 1st of the Previous Year Adjusted for Boundry Changes		512	508	501	481	462	448

1A	Non GASB34	General Fund Assets
1B	FISCAL	General Fund Liabilities
2A	SUMMARY	Debt-service Assets
2B		Debt service Liabilities
3A		Enterprise Assets
3B		Enterprise Liabilities
4A		Internal Service Assets
4B		Internal service Liabilities
5A		Special Revenue Assets
1.5A	GASB34	Governmental Activities Assets	9,907,334	7,764,839	7,535,238	6,103,456	5,168,119	5,006,155
1.5B	FISCAL	Governmental Activities Liabilities	2,311,926	1,979,646	2,039,111	172,290	381,257	154,704
3.5A	SUMMARY	Business Type Activities Assets	15,788,877	15,335,809	15,030,992	14,765,034	14,194,412	14,210,176
3.5B		Business Type Activities Liabilties	13,326,139	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
6A		Trust & Agency Assets
6B		Trust & Agency Liabilities
7A		Capital Project Assets
7B		Capital Project Liabilities
8A		General Fixed Assets
9B		General Long term debt - Liabilities
10	PART 2	Current collections of unit-wide levy	2,377,822	2,094,456	1,635,105	1,546,175	1,556,244	1,597,551
11	TAX	Current collection of special tax districts
12	REVENUES	Prior years' levy collections
13		Penalties and interest	18,047	7,190	4,048	3,229	2,460	2,804
14		Collection of taxes previously written off
15		Animal tax
15.1		Solid Waste Disposal Tax
16		1% Local government sales and use tax	109,378	123,799	122,558	116,114	114,487	63,583
17		1/2% Local government sales and use taxes (Article 40)
18		1/2% Local government sales and use taxes (Article 42)
18.5		1/2% Local government sales and use taxes (Article 44)
19		Licenses Privilege
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	101,485	7,706	81,947	73,375	67,185	88,933
23		Local occupancy tax	882,277	931,623	851,134	825,320	760,882	717,483
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	90,360					55,342
31		Transportation - Streets
32		Transportation - All other
33		Utility franchise tax						7,787
34		Housing/community development
35		All Other	801,668	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	174,255	168,378	163,943	149,166	137,198	127,865
45		Beer and Wine tax	2,601	2,623	2,189	2,431	1,983	1,928
46		Powell Bill	30,533	33,906	29,899	29,348	29,230	26,499
47		Food stamp purchases tax reimbursement
48		Inventories tax reimbursements
49		Senior Citizens Exemption - 50%
50		Court fees - Facilities and arrest fees	2,945	12,146	19,780	7,985	15,390	18,362
51		General Government
52		Public safety	23,294	61,006	7,289	33,604	33,631
53		Transportation - Streets
54		Transportation - All other			347,972	74,289
55		Environmental protection	928	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	476,385	43,780
66		Environmental protection	5,518	6,410	18,050	10,125
67		Economic and physical development
68		Human Services: Health, Mental Health & Hosp
69		Human Services: All Other
70		Culture and recreation
71	PERMITS	Building permits	161,441	215,367	215,836	390,306	330,129	380,287
72	& FEES	Inspection fees
72.1		Amusements licensing and permit taxes
73		Other permits	5,725	5,850	9,250	13,600	14,800	16,800
74	SALES &	Parking revenues
75	SERVICES	Rents and royalties	36,000	36,000	36,000	39,000	87,886	63,407
76		Airport	37,147	38,384	33,689	32,637	37,302	74,087
77		Fire protection charges
78		Solid waste					2,725
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
84		Mass transit - city operated
85		Other sales and services	1,404,804	508,177	498,647	476,697
86	UTILITY	Water and sewer charges	2,553,695	2,472,494	2,422,041	2,695,040	1,938,382	1,948,236
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	1,030,820	410,840	397,378	219,448	104,934	47,271
91		Special assessments
92		Private contribution and donations
93		Sales of materials and fixed assets
94		Sales of real property
95		Nongovernment contributions for streets and traffic signals
96		Mixed drink surcharge
97		ABC profit distribution	78,913	160,716	58,045	46,130	42,310	26,651
98		Other miscellaneous revenues		53,645	115,375	25,485	108,923	52,092
99		Proceeds of the sale of bonds and notes
100		Proceeds of capital leases and installment purchases	585,430		1,800,000		103,129
101		Other	350,000	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	16,353	14,000
109B	GENERAL	Governing body - All other Direct	6,071	7,056	19,555
109C	GOVT	Governing body - Construction
109D		Governing body - Land, Equipment and Existing Structures
110A		Administration - Salaries	358,981	310,366	301,896	279,792	272,178	235,465
110B		Administration - All other Direct	161,805	155,577	309,001	185,004	184,704	190,334
110C		Administration - Construction
110D		Administration - Land, Equipment and Existing Structures			1,900,000
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	248,107	118,030	97,469	80,192	63,429	82,559
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	657,727	768,878	712,064	603,375	581,225	582,677
119B	SAFETY	Police and Communications - All other Direct	85,577	29,360	72,382	85,131	98,468	92,657
119C		Police and Communications - Construction
119D		Police and Communications - Land, Equipment and Existing Structures	63,725	35,999	22,042	22,042	44,562	50,731
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	499,182
122B		Fire - All other Direct	232,732
122C		Fire - Construction
122D		Fire - Land, Equipment, and Existing Structures	521,705
123A		Inspectors - Salaries	180,445	167,176	153,798	120,871	134,792	88,915
123B		Inspectors - All other Direct	20,964	29,383	35,492	34,020	35,255	31,548
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
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	192,581	185,252	193,662	173,084	145,042	129,622
128B		Streets and Highways - All other Direct	268,212	263,139	575,775	150,080	321,897	397,388
128C		Streets and Highways - Construction
128D		Streets and Highways - Land, Equipment and Existing Structures		566,323	139,188	139,188	117,731	29,450
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	117,000	98,084	75,018	82,578	52,196	109,361
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
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	1,919,768	1,158,393	1,081,586	216,347	1,591,312	15,627
139C		Environmental Protection - All Other - Construction
139D		Environmental Protection All Other - Land, Equipment, and Existing Structures
140A	ECONOMIC	Planning and Zoning - Salaries	117,291	113,659	83,624	46,742	43,946	38,801
140B	& PHYSICAL	Planning and Zoning - All other Direct	27,293	37,504	52,714	43,214	20,948	7,291
140C	DEVELOP	Planning and Zoning - Construction
140D		Planning and Zoning - Land, Equipment, and Existing Structures		5,000
141A		Economic Development - Salaries
141B		Economic Development - All other Direct	1,171,537	525,443	747,332	489,009	736,410
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	624,548	586,963	603,949	559,227	465,576	430,888
158B		Water and Sewer - All other Direct	1,322,284	1,177,885	1,122,637	943,627	923,340	1,411,476
158C		Water and Sewer - Construction
158D		Water and Sewer - Land, Equipment, and Existing Structures	82,785	58,006	272,231	132,775	144,143	27,544
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	103,016	116,705	136,120	159,600	174,678	193,158
161D	SERVICE	Water and Sewer - Debt Service Principal Payments	302,235	287,721	384,026	405,986	406,949	389,302
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	80,945	71,935	2,094	2,746
166D		All Other - Debt Service Principal Payments	292,488	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)	83,083	72,727	66,965	60,836	32,231	22,729
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	2,368,689	2,092,895	1,637,702	1,534,083	1,555,278	1,591,744
180	OTHER	Current Year Levy Motor Vehicles Only	8,494	10,604	14,711	15,711	14,781	12,384
181	DATA	Uncollected Taxes - Current Year's Levy - Excluding Motor Vehicles	11,338	14,052	8,880	2,876	5,363	6,854
182		Uncollected Taxes - Current Year's Levy - Motor Vehicles	728	765	1,287	1,494	1,422	1,322
183		Percentage of Taxes Collected - Current Year All Property	99.49	99.30	99.38	99.72	99.57	99.49
184		Percentage of Taxes Collected - Current Year - Excluding Motor Vehicles	99.52	99.33	99.46	99.81	99.66	99.57
185		Percentage of Taxes Collected - Current Year - Motor Vehicles	91.43	92.79	91.25	90.49	90.38	89.32
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	7,710,592	6,498,327	6,325,149	6,616,890	5,151,003	4,937,009
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	11,341,471	8,120,259	9,637,210	7,214,880	6,813,557	5,479,220
194B	FISCAL	Amounts - Subtract proceeds of refunding debt
194C	SUMMARY	Amounts - Subtract interfund transfers in					175,000	100,000
194D		Amounts - Net Revenues per AFIR	11,341,471	8,120,259	9,637,210	7,214,880	6,638,557	5,379,220
		Calculated amount	11,341,471	8,120,259	9,637,210	7,214,880	6,638,557	5,379,220
		Amounts in AGREEMENT??	Yes	Yes	Yes	Yes	Yes	Yes
		Difference
195A		Amounts - Total Expenditures and other financing sources per audit	9,758,440	7,277,985	9,594,712	5,139,349	6,788,008	5,143,944
195B		Amounts - Subtract payments to refunding debt escrow agent
195C		Amounts - Subtract interfund transfers out					175,000	100,000
195D		Amounts Net Expenditures per AFIR	9,758,440	7,277,985	9,594,712	5,139,349	6,613,008	5,043,944
		Calculated amount	9,758,440	7,277,985	9,594,712	5,139,349	6,613,008	5,043,944
		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	12/02/2009	11/04/2008	11/30/2007
953		Person to Contact	Daisy Ivey
954		Title of Person to Contact	Finance Officer
955		Telephone Number	910-579-2166
956		Facsimile Number	910-579-8804

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

	2009	2008	2007	2006	2005	2004

Population	512	508	501	481	462	448
Population Group	No Electric 500 to 999	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
Total Operating Revenues	$0	0	0	0	0	0
Total Operating Revenues Per Capita	$0	0	0	0	0	0
Group Weighted Average Revenues Per Capita	0	22	0	0	44	6
State Weighted Average Revenues Per Capita	2	20	12	15	16	3

% to Total Operating Revenues
Operating Expenses	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Group Weighted Average	#DIV/0!	119.28%	#DIV/0!	#DIV/0!	6.43%	287.79%
State Weighted Average	287.00%	89.94%	84.21%	104.54%	119.75%	338.51%

Operating Margin	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Group Weighted Average	#DIV/0!	-19.28%	#DIV/0!	#DIV/0!	93.57%	-187.79%
State Weighted Average	-187.00%	10.06%	15.79%	-4.54%	-19.75%	-238.51%

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

Net Income before capital contributions	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Group Weighted Average	#DIV/0!	692.85%	#DIV/0!	#DIV/0!	1247.98%	5241.12%
State Weighted Average	968.20%	480.53%	1193.75%	778.98%	531.01%	2097.68%

Key Ratios and Cash Flow

Quick Ratio	6.13	6.38	5.54	4.66	3.47	3.04
Group Weighted Average	3.34	2.98	2.81	2.91	1.94	2.91
State Weighted Average	2.81	2.96	2.90	2.82	1.82	2.76

Days Sales in Receivables	N/A	N/A	N/A	N/A	N/A	N/A
Group Weighted Average	38.8	#DIV/0!	#DIV/0!	#DIV/0!	0.0	35.4
State Weighted Average	47.3	60.7	42.6	87.6	97.7	61.5

Days Cash on Hand	0.0	0.0	0.0	0.0	0.0	0.0
Group Weighted Average	0.0	-100.2	-41.0	0.0	0.0	-16.4
State Weighted Average	-46.5	-344.5	-221.9	-343.5	-346.7	-208.8

Cash flow from Operations	$482,117	623,247	697,435	1,035,769	550,481	-145,877

Debt to Equity	0.00	0.00	0.19	0.00	0.00	0.00
Group Weighted Average	0.00	3.58	0.23	1.73	0.11	0.19
State Weighted Average	27.79	3.77	5.74	3.82	2.36	3.93

Debt per Capita	0	4,183	4,815	0	0	0
Group Weighted Average	0	176	73	114	50	18
State Weighted Average	754	535	335	660	675	266

Capital Expenditures:	2009	2008	2007	2006	2005	2004
	$82,785	58,006	272,231	132,775	144,143	27,544

	2003	2002	2001	2000
	$373,676	1,024,556	2,773,371	765,957

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


Operating Statistics

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

Number of Gallons of Water Processed (000) omitted	212	234,338,000	230,000	NA	NA	NA
Number of Gallons of Sewage Processed (000) omitted	108	99,335,426	106,000	NA	NA	NA

Number of Gallons of Water Billed (000) omitted	202	204,794,990	229,000	NA	NA	NA
Number of Gallons of Sewage Billed (000) omitted	132	146,845,251	163,000	NA	NA	NA

Ratio of Water Billed to Water Processed	0.95014	0.87393	0.99565	NA	NA	NA
Ratio of Sewage Billed to Sewage Processed	1.22262	1.47828	1.53774	NA	NA	NA

Total Revenue from Water Sales	1,281,197	1,278,356	1,230,639	NA	NA	NA
Total Revenue from Sewage Sales	1,102,232	1,146,233	1,099,996	NA	NA	NA

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

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

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

Residential Water Sales per thousand Gallons	$7,138.30495	0.00652	5.46850	NA	NA	NA
Residential Sewage Sales per thousand Gallons	$8,982.07571	0.00807	6.88599	NA	NA	NA

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

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

Financial Graphs and Comparisons

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

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Analysis of Available Fund Balance: General Fund

	2005	2006	2007	2008	2009
Unit's FBA %	71.77%	153.10%	79.86%	67.90%	70.87%
Group average FBA %	110.05%	123.14%	100.30%	87.97%	103.50%
State average Electric/Non Electric Group FBA %	36.82%	37.38%	37.38%	36.63%	37.77%
State average FBA %	36.78%	36.96%	110.05%	36.34%	37.00%

Municipal Population Group: No Electric 500 to 999

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2005 2006 2007 2008 2009

Municipality 99.57% 99.72% 99.38% 99.30% 99.49%

Pop. Group 97.79% 97.71% 96.02% 96.28% 96.93%

Statewide 97.42% 97.55% 97.59% 97.64% 97.78%

Municipal Population Group: No Electric 500 to 999

	2005	2006	2007	2008	2009
Municipality	99.57%	99.72%	99.38%	99.30%	99.49%
Pop. Group	97.79%	97.71%	96.02%	96.28%	96.93%
Statewide	97.42%	97.55%	97.59%	97.64%	97.78%

Municipal Population Group: No Electric 500 to 999

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2005 2006 2007 2008 2009

Municipality 552 229 0 0 0

Pop. Group 236 217 212 215 200

Statewide 505 495 478 456 455

Municipal Population Group: 500 to 999

	2005	2006	2007	2008	2009
Municipality	552	229	0	0	0
Pop. Group	236	217	212	215	200
Statewide	505	495	478	456	455

Municipal Population Group: 500 to 999

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2005 2006 2007 2008 2009

Property Tax $3,374 3,221 3,272 4,137 4,679

Utility 4,196 5,603 4,834 4,867 4,988

Sales Tax 248 242 245 244 213

Sales & Services 283 1,140 1,134 1,147 2,887

Intergovernmental 2,952 857 1,709 748 3,142

Debt Proceeds 223 0 3,593 0 1,143

Other Miscellaneous 3,093 3,937 4,449 4,842 5,099

Total $14,369 15,000 19,236 15,985 22,151

	2005	2006	2007	2008	2009
Property Tax	$3,374	3,221	3,272	4,137	4,679
Utility	4,196	5,603	4,834	4,867	4,988
Sales Tax	248	242	245	244	213
Sales & Services	283	1,140	1,134	1,147	2,887
Intergovernmental	2,952	857	1,709	748	3,142
Debt Proceeds	223	0	3,593	0	1,143
Other Miscellaneous	3,093	3,937	4,449	4,842	5,099
Total	$14,369	15,000	19,236	15,985	22,151

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2009
2009

Category Revenue
Per Capita

Property Tax $2,395,869
$4,679

Water/Sewer 2,553,695
4,988

Electric 0
0

Other Utilities 0
0

Sales Tax 109,378
213

Sales & Services 1,477,951
2,887

Intergovernment 1,608,487
3,142

Debt Proceeds 585,430
1,143

Miscellaneous 2,610,661
5,099

Total $11,341,471
$22,151

Municipal Population Group: No Electric 500 to 999

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2009
2009

Category Expenditures
Per Capita

General Government $791,317
$1,545

Water/Sewer 2,029,617
3,964

Electric 0
0

Other Utilities 0
0

Debt Service 778,684
1,521

Transportation 460,793
900

Public Safety 2,345,140
4,580

Other 3,352,889
6,549

Total $9,758,440
$19,059

Municipal Population Group: No Electric 500 to 999

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2009
2009

Category Expenditures
Per Capita

Salaries & Wages $2,647,108
$5,170

Water/Sewer Capital 82,785
162

Electric Capital 0
0

Other Capital 585,430
1,143

Other Operating 6,443,117
12,584

Total $9,758,440
$19,059

Municipal Population Group: No Electric 500 to 999

Last Updated 6/11/2010 10:12:38 AM



	2009	2009
Category	Revenue	Per Capita
Property Tax	$2,395,869	$4,679
Water/Sewer	2,553,695	4,988
Electric	0	0
Other Utilities	0	0
Sales Tax	109,378	213
Sales & Services	1,477,951	2,887
Intergovernment	1,608,487	3,142
Debt Proceeds	585,430	1,143
Miscellaneous	2,610,661	5,099
Total	$11,341,471	$22,151

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