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

Go to North Carolina County and Municipal Financial Information Home Page
Go to Brunswick 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
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200820072006200520042003

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 GroupNo 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 335472449472437


Utility 384 350379292291261


Sales Tax 176 166148145134116


Sales & Services 62 6568506265


Intergovernmental 271 366331618491397


Debt Proceeds 83 67274139623


Other Miscellaneous 240 250250212230253


Total 1,590 1,5991,9221,7791,7761,552










Group Average Per Capita Expenditures by Function







Utility 390 404528445399436


Debt Service 90 831751518275


Transportation 137 153154172151117


General Government 301 312305288295273


Public Safety 273 250239212252221


Other 274 280291528402297


Total 1,465 1,4821,6921,7961,5811,419










Group Average Per Capita Expenditures by Object







Salaries & Wages 378 352369327348298


Capital Outlay 262 334500456500423


Other Operating 825 7968231,013733698


Total 1,465 1,4821,6921,7961,5811,419


















General Fund
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200820072006200520042003

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 %67.9079.86153.1071.77118.82101.58


Group weighted average FBA %87.97100.30122.45109.03128.31118.72


State weighted average Non-Electric Group36.4737.1436.5136.9036.4236.42


State weighted average FBA %36.2036.3736.3136.7636.3536.06

















Enterprise Funds:
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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 ratio6.38 5.54 4.66 3.47 3.04 3.04


Net income590,791 609,523 939,737 346,635 (197,382)124,448


Cashflow from operations623,247 697,435 1,035,769 550,481 (145,877)(28,967)


Depreciation & Amortization Expense271,874 297,710 259,613 268,258 249,961 259,112


























Cash, Investments and Financing
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200820072006200520042003











Population at July 1st of the Previous Year508501481462448449


Population GroupNo 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 Earnings410,840 397,378 219,448 104,934 47,271 56,530


Tax Rate Equivalent0.01570.03380.01500.01020.00470.0070


Tax Rate Equivalent Group weighted average0.02430.03750.03180.01730.00980.0129


Tax Rate Equivalent Statewide weighted average0.05240.09200.05730.04150.03400.0332


Latest year of Revaluation 200720032003200320031999


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 Rate0.08000.14000.14000.15000.16000.1600


Tax Rate Group weighted average0.19290.23100.30490.31810.32400.3336


Tax Rate State Wide0.42540.44550.43210.44480.45660.4594


Assessment -to-Sales Ratio99.2962.5080.0087.38100.0081.22


Assessment -to-Sales Ratio Group weighted average87.7777.6781.6787.6494.3882.33


Assessment -to-Sales Ratio Statewide88.5288.4192.2892.3592.1889.54


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 Rate0.07940.08750.11200.13110.16000.1300


Group weighted average Effective Tax Rate0.16930.17940.24900.27880.30580.2746


Statewide weighted average Effective Tax Rate0.37650.39390.39870.41080.42090.4113


Percent Collected99.3099.3899.7299.5799.4999.84


Percent Collected Group weighted average97.2996.0297.7197.7997.6189.81


Percent Collected Statewide97.9797.5997.5597.4297.3196.96


Percent Collected Excluding Motor Vehicles99.3399.4699.8199.6699.5799.92


Percent Collected Excluding Motor Vehicles Group weighted average97.3897.3698.2998.4898.4598.35


Percent Collected Excluding Motor Vehicles Statewide weighted average98.6698.5998.6198.3698.2698.31


Percent Collected Motor Vehicles Only 92.7991.2590.4990.3889.3289.17


Percent Collected Motor Vehicles Only Group weighted average82.9081.4884.2584.1383.7884.50


Percent Collected Motor Vehicles Only Statewide weighted average 86.7486.7186.8087.3187.6286.69


Tax Uncollected864 10,167 4,370 6,785 8,176 2,088


Tax Rate Equivalent0.00000.00090.00030.00070.00080.0003


Dominant County: Brunswick






Debt Information








Population Group500 to 999500 to 999Under 500Under 500Under 500Under 500


Ratings:







Fitch







Moody's







S & P


BBBBBBBBB











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 Debt0 0 0 0 0 0


Total General Obligation Debt0 0 110,000 255,000 410,000 570,000


Per Capita$0 0 229 552 915 1,269


Total Per Capita for the Population Group216 212 217 236 300 #N/A


Total Per Capita Statewide456 478 495 505 548 #N/A


Total per Assessed Valuation Adjusted for Current Year Sales0.0000%0.0000%0.0060%0.0217%0.0409%0.0569%


Total per Assessed Valuation Adjusted for Current Year Sales- Group Average0.0884%0.1085%0.1208%0.1597%0.2110%#N/A


Total per Assessed Valuation Adjusted for Current Year Sales - Statewide0.4131%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 Government1,957,075 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
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LineSectionDescription200820072006200520042003

Population at July 1st of the Previous Year Adjusted for Boundry Changes508501481462448449









1ANon GASB34General Fund Assets




2,211,126
1BFISCAL General Fund Liabilities




69,917
2ASUMMARYDebt-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
1.5AGASB34Governmental Activities Assets7,764,8397,535,2386,103,4565,168,1195,006,155
1.5BFISCAL Governmental Activities Liabilities1,979,6462,039,111172,290381,257154,704
3.5ASUMMARYBusiness Type Activities Assets15,335,80915,030,99214,765,03414,194,41214,210,176
3.5B
Business Type Activities Liabilties2,327,5552,613,5292,957,0943,326,2093,688,320
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
10PART 2Current collections of unit-wide levy2,094,4561,635,1051,546,1751,556,2441,597,5511,291,992
11TAXCurrent collection of special tax districts




5,594
12REVENUESPrior years' levy collections





13
Penalties and interest7,1904,0483,2292,4602,8042,175
14
Collection of taxes previously written off





15
Animal tax





16
1% Local government sales and use tax123,799122,558116,114114,48763,58337,986
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 CATV7,70681,94773,37567,18588,93355,357
23
Local occupancy tax931,623851,134825,320760,882717,483727,752
24
Prepared food tax





25
911 charges





26
Gross Receipts Tax on Short Term Vehicles Leases





27FEDERALFEDERAL Payment in lieu of taxes





28INTERGOVEquitable sharing of Federally forfeited property





29REVENUESGeneral government





30
Public safety



55,34229,485
31
Transportation - Streets





32
Transportation - All other





33
Utility franchise tax



7,7878,425
34
Housing/community development





35
All Other48,26826,27939,315


36
Human services: Health, mental health, hospitals





37
All other





38
Culture and recreation





39STATEState Payment in Lieu of Taxes





40INTERGOVControlled substance tax





41REVENUESIntangibles tax reimbursement + Transistional Hold Harmless Revenues





42
Wireless Enhanced 911 Service Charges





43
Piped Natural Gas Charge Distribution





44
Utility franchise tax168,378163,943149,166137,198127,865117,180
45
Beer and Wine tax2,6232,1892,4311,9831,9281,927
46
Powell Bill33,90629,89929,34829,23026,49929,077
47
Food stamp purchases tax reimbursement





48
Inventories tax reimbursements





49
Senior Citizens Exemption - 50%





50
Court fees - Facilities and arrest fees12,14619,7807,98515,39018,36213,172
51
General Government





52
Public safety61,0067,28933,60433,631

53
Transportation - Streets





54
Transportation - All other
347,97274,289


55
Environmental protection3,491240,75666,0611,146,37817,377
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





61LOCALLOCAL Payment in lieu of taxes





62INTERGOVGeneral government





63REVENUESPublic safety





64
Transportatin - Streets





65
Transportation - All other43,780




66
Environmental protection6,41018,05010,125


67
Economic and physical development




94,176
68
Human Services: Health, Mental Health & Hosp





69
Human Services: All Other





70
Culture and recreation





71PERMITS Building permits215,367215,836390,306330,129380,287298,954
72& FEESInspection fees





72.1
Amusements licensing and permit taxes





73
Other permits5,8509,25013,60014,80016,80019,065
74SALES &Parking revenues





75SERVICESRents and royalties36,00036,00039,00087,88663,40775,298
76
Airport38,38433,68932,63737,30274,087
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


2,96923,572234,001
84
Mass transit - city operated





85
Other sales and services508,177498,647476,697


86UTILITYWater and sewer charges2,472,4942,422,0412,695,0401,938,3821,948,2361,722,314
87REVENUESElectric charges





88
Gas charges





88.1
Storm Water Fees





89MISC.On bond proceeds





90REVENUESOn general and all other funds410,840397,378219,448104,93447,27156,530
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 distribution160,71658,04546,13042,31026,651100,280
98
Other miscellaneous revenues53,645115,37525,485108,92352,09247,397
99
Proceeds of the sale of bonds and notes





100
Proceeds of capital leases and installment purchases
1,800,000
103,129

101
Other674,004500,000300,000


102NON-REVSupplemental schools taxes - current levy collections





103RECEIPTSPrior 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





109APART 4Governing body - Salaries14,000




109BGENERALGoverning body - All other Direct7,05619,555



109CGOVTGoverning body - Construction





109D
Governing body - Land, Equipment and Existing Structures





110A
Administration - Salaries310,366301,896279,792272,178235,465177,228
110B
Administration - All other Direct155,577309,001185,004184,704190,334195,935
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 Direct118,03097,46980,19263,42982,55990,018
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





119APUBLICPolice and Communications - Salaries768,878712,064603,375581,225582,677536,107
119BSAFETYPolice and Communications - All other Direct29,36072,38285,13198,46892,65792,756
119C
Police and Communications - Construction





119D
Police and Communications - Land, Equipment and Existing Structures35,99922,04222,04244,56250,73174,395
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 - Salaries167,176153,798120,871134,79288,915111,063
123B
Inspectors - All other Direct29,38335,49234,02035,25531,54834,035
123C
Inspectors - Construction





123D
Inspectors - Land, Equipment, and Existing Structures5,000


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





127ATRANSPORTraffic Engineering - Salaries





127BTATIONTraffic Engineering - All other Direct





127C
Traffic Engineering - Construction





127D
Traffic Engineering - Land, Equipment, and Existing Structures





128A
Streets and Highways - Salaries185,252193,662173,084145,042129,62282,853
128B
Streets and Highways - All other Direct263,139575,775150,080321,897397,388202,203
128C
Streets and Highways - Construction





128D
Streets and Highways - Land, Equipment and Existing Structures566,323139,188139,188117,73129,45049,824
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 Direct111,844414,189104,633


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





136AENVIRONSolid Waste - Salaries





136BMENTALSolid Waste - All other Direct98,08475,01882,57852,196109,36180,714
136CPROTECTIONSolid Waste - Construction





136D
Solid Waste - Land, Equipment, and Existing Structures





137A
Drainage and Watershed - Salaries





137B
Drainage and Watershed - All other Direct



41,10937,063
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 Direct1,158,3931,081,586216,3471,591,31215,62742,395
139C
Environmental Protection - All Other - Construction





139D
Environmental Protection All Other - Land, Equipment, and Existing Structures





140AECONOMICPlanning and Zoning - Salaries113,65983,62446,74243,94638,80119,858
140B& PHYSICALPlanning and Zoning - All other Direct37,50452,71443,21420,9487,29112,609
140CDEVELOPPlanning and Zoning - Construction





140D
Planning and Zoning - Land, Equipment, and Existing Structures5,000



13,074
141A
Economic Development - Salaries





141B
Economic Development - All other Direct525,443747,332489,009736,410
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





146AHUMANHealth - Salaries





146BSERVICESHealth - 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





153ACULTURE Recreation and Parks - Salaries





153BRECREATIONRecreation 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





158AUTILITYWater and Sewer - Salaries586,963603,949559,227465,576430,888342,916
158B
Water and Sewer - All other Direct1,177,8851,122,637943,627923,3401,411,4761,223,119
158C
Water and Sewer - Construction





158D
Water and Sewer - Land, Equipment, and Existing Structures58,006272,231132,775144,14327,544373,676
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





161BDEBTWater and Sewer - Debt Service Interest Payments116,705136,120159,600174,678193,158213,719
161DSERVICEWater and Sewer - Debt Service Principal Payments287,721384,026405,986406,949389,302378,083
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 Payments71,9352,0942,746


166D
All Other - Debt Service Principal Payments200,57719,90319,25021,996

167BPENSIONDirect Benefit Program - Pension Fund operated by the Unit





168BFRINGEFringe 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)72,72766,96560,83632,23122,72917,806
172B
Fringe Benefits Other - (B)





173A
Multi-County Library District, County, or Other Municipality Authority





173BINTERGOVMulti-County Library District, County, or Other Municipality (Item number)





173CEXPENDMulti-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 6Current Year Levy Excluding Motor Vehicles2,092,8951,637,7021,534,0831,555,2781,591,7441,290,356
180 OTHERCurrent Year Levy Motor Vehicles Only10,60414,71115,71114,78112,38410,319
181 DATAUncollected Taxes - Current Year's Levy - Excluding Motor Vehicles14,0528,8802,8765,3636,854970
182
Uncollected Taxes - Current Year's Levy - Motor Vehicles7651,2871,4941,4221,3221,118
183
Percentage of Taxes Collected - Current Year All Property99.399.3899.7299.5799.4999.84
184
Percentage of Taxes Collected - Current Year - Excluding Motor Vehicles99.3399.4699.8199.6699.5799.92
185
Percentage of Taxes Collected - Current Year - Motor Vehicles92.7991.2590.4990.3889.3289.17
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





189APART 7Cash on Hand and in Bank, and Securities - Held in Debt Service Fund





189BCASH &Cash on Hand and in Bank, and Securities - Construction Bond Fund - Unexpended bond proceeds





189CINVESTCash on Hand and in Bank, and Securities - All Other6,498,3276,325,1496,616,8905,151,0034,937,0094,803,096
190A PARTAppropriations made during the fiscal year pursuant to subsections b (1- 7)





190B 8Expenditures 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.





194APART 9Amounts - Total Revenues and other financing sources per audit8,120,2599,637,2107,214,8806,813,5575,479,2205,391,280
194BFISCALAmounts - Subtract proceeds of refunding debt





194CSUMMARYAmounts - Subtract interfund transfers in


175,000100,000375,000
194D
Amounts - Net Revenues per AFIR8,120,2599,637,2107,214,8806,638,5575,379,2205,016,280


Calculated amount8,120,2599,637,2107,214,8806,638,5575,379,2205,016,280


Amounts in AGREEMENT??YesYesYesYesYesYes


Difference





195A
Amounts - Total Expenditures and other financing sources per audit7,277,9859,594,7125,139,3496,788,0085,143,9445,482,908
195B
Amounts - Subtract payments to refunding debt escrow agent





195C
Amounts - Subtract interfund transfers out


175,000100,000375,000
195D
Amounts Net Expenditures per AFIR7,277,9859,594,7125,139,3496,613,0085,043,9445,107,908


Calculated amount7,277,9859,594,7125,139,3496,613,0085,043,9445,107,908


Amounts in AGREEMENT??YesYesYesYesYesYes


Difference















PART 10















950
Name of Official SignatoryDaisy Ivey


951
Title of OfficialFinance Officer


952
Date Certified11/04/200811/30/200710/25/2006


953
Person to ContactDaisy Ivey


954
Title of Person to ContactFinance Officer


955
Telephone Number910-579-2166


956
Facsimile Number







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Key Ratios and Operations Statistics of Water and Sewer Systems for



Town of Ocean Isle Beach













200820072006200520042003








Population
508501481462448449
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
$2,375,6782,339,7442,637,9561,993,6351,948,2361,722,314
Total Operating Revenues Per Capita
$4,6774,6705,4844,3154,3493,836
Group Weighted Average Revenues Per Capita491503650500458433
State Weighted Average Revenues Per Capita364367356331308295








% 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
6.385.544.663.473.043.04
Group Weighted Average
2.982.792.921.922.913.17
State Weighted Average
2.952.902.821.812.763.04








Days Sales in Receivables
63.172.962.867.873.664.7
Group Weighted Average
62.565.057.867.265.957.3
State Weighted Average
55.359.957.859.965.760.0








Days Cash on Hand
596.1508.5498.2394.0273.1490.2
Group Weighted Average
382.6386.6421.0376.8361.6392.6
State Weighted Average
457.8497.5458.0423.5407.9414.8








Cash flow from Operations
$623,247697,4351,035,769550,481-145,877-28,967








Debt to Equity
0.160.190.200.290.300.33
Group Weighted Average
0.150.160.150.130.120.14
State Weighted Average
0.560.550.520.520.520.50








Debt per Capita
4,1834,8155,0156,9326,9677,853
Group Weighted Average
613660920611531577
State Weighted Average
1,1361,091989929855852








Capital Expenditures:
200820072006200520042003


$58,006272,231132,775144,14327,544373,676










2002200120001999



$1,024,5562,773,371765,957576,857









Capital Contributions: Excluded from income above
$000000
















Operating Statistics














Estimated population of the areas served Water025,000NANANANA
Estimated population of the areas served Sewer025,000NANANANA








Number of Gallons of Water Processed (000) omitted234,338,000230,000NANANANA
Number of Gallons of Sewage Processed (000) omitted99,335,426106,000NANANANA








Number of Gallons of Water Billed (000) omitted204,794,990229,000NANANANA
Number of Gallons of Sewage Billed (000) omitted146,845,251163,000NANANANA








Ratio of Water Billed to Water Processed0.873930.99565NANANANA
Ratio of Sewage Billed to Sewage Processed1.478281.53774NANANANA








Total Revenue from Water Sales1,278,3561,230,639NANANANA
Total Revenue from Sewage Sales1,146,2331,099,996NANANANA








Water Revenue per 1000 gallons of Sales

49.22556NANANANA
Sewage Revenue per 1000 gallons of Sales

43.99984NANANANA








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








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








Residential Water Sales per thousand Gallons$0.006525.46850NANANANA
Residential Sewage Sales per thousand Gallons$0.008076.88599NANANANA








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

NANANANA








Total Water Sales per thousand gallons for Redistribution$0.0000030,642.00000NANANANA
Total Sewage Sales per thousand gallons for Redistribution$0.000000.00000NANANANA




Financial Graphs and Comparisons


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Analysis of Available Fund Balance:  General Fund

20042005200620072008
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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Analysis of Property Tax

20042005200620072008
Municipality99.49%99.57%99.72%99.38%99.30%
Pop. Group97.61%97.79%97.71%96.02%97.29%
Statewide97.31%97.42%97.55%97.59%97.97%






Municipal Population Group: No Electric 500 to 999






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Analysis of General Obligation Debt

20042005200620072008
Municipality91555222900
Pop. Group300236217212216
Statewide548505495478456






Municipal Population Group: 500 to 999






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Analysis of Revenue

20042005200620072008
Property Tax$3,5723,3743,2213,2724,137
Utility4,3494,1965,6034,8344,867
Sales Tax141248242245244
Sales & Services3602831,1401,1341,147
Intergovernmental6172,9528571,709748
Debt Proceeds022303,5930
Other Miscellaneous2,9683,0933,9374,4494,842
Total$12,00714,36915,00019,23615,985

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Analysis of Revenue for Fiscal 2008











2008
2008
CategoryRevenue
Per Capita
Property Tax$2,101,646
$4,137
Water/Sewer2,472,494
4,867
Electric0
0
Other Utilities0
0
Sales Tax123,799
244
Sales & Services582,561
1,147
Intergovernment380,008
748
Debt Proceeds0
0
Miscellaneous2,459,751
4,842
Total$8,120,259
$15,985





Municipal Population Group: No Electric 500 to 999





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Analysis of Expenditures by Function for Fiscal 2008











2008
2008
CategoryExpenditures
Per Capita
General Government$605,029
$1,191
Water/Sewer1,822,854
3,588
Electric0
0
Other Utilities0
0
Debt Service676,938
1,333
Transportation1,126,558
2,218
Public Safety1,108,523
2,182
Other1,938,083
3,815
Total$7,277,985
$14,327





Municipal Population Group: No Electric 500 to 999





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Analysis of Expenditures by Object for Fiscal 2008






2008
2008
CategoryExpenditures
Per Capita
Salaries & Wages$2,146,294
$4,225
Water/Sewer Capital58,006
114
Electric Capital0
0
Other Capital612,322
1,205
Other Operating4,461,363
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