North Carolina
Department of State Treasurer
Financial Information
Town of Shallotte



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

Institute of Government North Carolina Cities Web Site

Go to North Carolina County and Municipal Financial Information Home Page
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Note: All data unless otherwise specified is for the 12 month period ending June, 30th of the designated year



Municipality Revenues and Expenditures Financial Profile
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200920082007200620052004

Revenues by Source







Property Tax$2,311,211 1,939,774 1,175,170 1,185,245 934,688 915,360


Utility 2,648,166 3,123,650 2,792,546 2,675,479 2,003,506 1,748,720


Sales Tax 415,556 448,356 460,226 422,687 384,585 340,907


Sales & Services 464,966 282,958 271,700 218,338 2,925 4,000


Intergovernmental 485,553 2,073,621 453,912 491,418 376,534 317,753


Debt Proceeds - 274,235 - - - 195,000


Other Miscellaneous 297,469 659,820 (2,616,043) 350,139 441,021 381,226


Total$6,622,921 8,802,414 2,537,511 5,343,306 4,143,259 3,902,966










Expenditures by Function







Utility$2,995,322 2,703,823 3,211,532 1,631,934 1,454,377 1,399,349


Debt Service 68,312 96,039 80,003 244,185 236,552 251,402


Transportation 374,771 348,060 265,488 278,966 232,565 231,278


General Government 703,693 540,268 428,082 504,982 708,215 443,669


Public Safety 1,757,080 3,307,588 1,520,237 1,183,346 1,169,576 1,094,466


Other 196,129 165,572 129,803 60,870 41,402 6,410


Total$6,095,307 7,161,350 5,635,145 3,904,283 3,842,687 3,426,574










Expenditures by Object







Salaries & Wages$1,949,618 1,904,231 1,887,889 1,303,805 1,522,862 1,398,654


Capital Outlay 966,411 2,400,886 1,700,199 904,192 1,127,748 869,755


Other Operating + Debt Service 3,179,278 2,856,233 2,047,057 1,696,286 1,192,077 1,158,165


Total$6,095,307 7,161,350 5,635,145 3,904,283 3,842,687 3,426,574



















Per Capita Revenues by Source







Property Tax$1,178 1,017 638 670 549 549


Utility 1,350 1,637 1,515 1,513 1,176 1,050


Sales Tax 212 234 250 240 224 205


Sales & Services 237 148 147 123 2 2


Intergovernmental 247 1,087 246 278 221 191


Debt Proceeds - 144 - - - 117


Other Miscellaneous 152 346 (1,419) 198 259 229


Total$3,376 4,613 1,377 3,022 2,431 2,343










Per Capita Expenditures by Function







Utility$1,527 1,417 1,743 923 854 840


Debt Service 35 50 43 138 139 151


Transportation 191 182 144 158 136 139


General Government 358 283 233 286 416 266


Public Safety 896 1,734 825 669 686 657


Other 100 87 70 34 24 4


Total$3,107 3,753 3,058 2,208 2,255 2,057










Per Capita Expenditures by Object







Salaries & Wages$994 998 1,024 737 894 840


Capital Outlay 493 1,258 923 511 662 522


Other Operating 1,620 1,497 1,111 960 699 695


Total$3,107 3,753 3,058 2,208 2,255 2,057










Population GroupNo Electric 1,000 to 2,499 No Electric 1,000 to 2,499 No Electric 1,000 to 2,499 No Electric 1,000 to 2,499 No Electric 1,000 to 2,499 No Electric 1,000 to 2,499


Number of Municipalites in Group 100 101 101 103 102 106


Average Population In Group 1,652 1,661 1,642 1,638 1,648 1,644


Town of Shallotte Population 1,962 1,908 1,843 1,768 1,704 1,666

Group Average Per Capita Revenues by Source







Property Tax 399 406369348331319


Utility 405 415423391374340


Sales Tax 169 199195179172157


Sales & Services 79 8276727164


Intergovernmental 226 222221246220257


Debt Proceeds 71 129691708982


Other Miscellaneous 138 192196160125137


Total 1,487 1,6451,5491,5661,3821,356










Group Average Per Capita Expenditures by Function







Utility 504 572461487425445


Debt Service 147 12611010810786


Transportation 139 140142131132139


General Government 204 265201221193174


Public Safety 331 384346326294315


Other 190 203206206170159


Total 1,515 1,6901,4661,4791,3211,318










Group Average Per Capita Expenditures by Object







Salaries & Wages 453 450427402397376


Capital Outlay 287 483305373283317


Other Operating 775 757734704641625


Total 1,515 1,6901,4661,4791,3211,318


















General Fund
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200920082007200620052004

General Fund revenues$3,950,004 3,855,073 2,797,626 2,585,442 2,095,671 1,968,523

General Fund expenditures 3,071,980 3,382,978 2,218,028 2,097,933 2,212,995 1,855,741

Operating transfers in - - - - - -

Operating transfers out - - 304,128 - - -

Capital leases and installment purchase proceeds - 725,000 - - - 195,000

Other items - 25,751 - 576 603 5,626

Excess of revenues and other sources over (under) expenditures and other uses 878,024 1,222,846 275,470 488,085 (116,721) 313,408










Fund balance available (FBA):







In dollars$3,776,891 1,510,378 1,845,380 1,587,870 1,208,315 1,245,704


FBA as a % of GF Net Expenditures:







Unit's FBA %122.9556.8273.1775.6954.6075.01


Group weighted average FBA %65.9262.4465.4864.5869.6470.93


State weighted average Non-Electric Group37.7736.6337.3837.3836.8236.42


State weighted average FBA %37.0036.3436.5536.9636.7836.35

















Enterprise Funds:
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Water/Sewer













Combined financial results:







Working capital$3,300,471 3,545,850 2,653,029 2,864,501 1,909,759 1,501,376


Quick ratio17.12 17.56 21.82 13.51 7.84 8.13


Net income142,797 1,343,382 (2,468,733)1,361,063 1,911,068 622,140


Cashflow from operations800,668 1,163,265 4,507,494 1,424,707 1,052,862 768,782


Depreciation & Amortization Expense260,864 226,871 193,177 279,225 261,329 241,983


























Cash, Investments and Financing
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200920082007200620052004











Population at July 1st of the Previous Year1,9621,9081,8431,7681,7041,666


Population GroupNo Electric 1,000 to 2,499 No Electric 1,000 to 2,499 No Electric 1,000 to 2,499 No Electric 1,000 to 2,499 No Electric 1,000 to 2,499 No Electric 1,000 to 2,499


Cash &Investments$7,002,427 4,883,185 4,543,394 4,446,283 3,219,744 2,750,831


Investment Earnings38,912 140,561 203,162 135,296 52,040 12,852


Tax Rate Equivalent0.00440.01630.04750.03630.01320.0041


Tax Rate Equivalent Group weighted average0.01300.02610.04090.02830.01640.0094


Tax Rate Equivalent Statewide weighted average0.01330.05240.09200.05730.04150.0340


Latest year of Revaluation
20072003200320032003


January 1, Prior Year Assessed Valuation$882,549,172 862,223,269 427,987,126 372,892,578 394,457,061 310,588,164


Tax Rate0.27000.27000.32000.31000.29000.2900


Tax Rate Group weighted average0.29830.28600.34240.32970.33060.3386


Tax Rate State Wide0.42670.42430.44520.43210.44480.4566


Assessment -to-Sales Ratio98.0799.2962.5080.0087.38100.00


Assessment -to-Sales Ratio Group weighted average86.7788.9479.9685.7186.8287.25


Assessment -to-Sales Ratio Statewide90.8188.5288.4192.2892.3592.18


Assessed Valuation Adjusted for Assesment to Sales Ratio$899,917,581 868,388,830 684,779,402 466,115,723 451,427,170 310,588,164


EffectiveTax Rate0.26480.26810.20000.24800.25340.2900


Group weighted average Effective Tax Rate0.25890.25440.27370.28260.28700.2954


Statewide weighted average Effective Tax Rate0.38750.37560.39360.39870.41080.4209


Percent Collected92.1191.7692.9396.6493.9299.33


Percent Collected Group weighted average96.6896.8697.1896.9496.8496.44


Percent Collected Statewide97.7897.6497.5997.5597.4297.31


Percent Collected Excluding Motor Vehicles92.2491.9293.2397.1594.2799.86


Percent Collected Excluding Motor Vehicles Group weighted average96.6797.7898.0197.7697.8597.87


Percent Collected Excluding Motor Vehicles Statewide weighted average98.3198.6598.5998.6198.3698.39


Percent Collected Motor Vehicles Only 86.7286.3787.3385.8985.8186.13


Percent Collected Motor Vehicles Only Group weighted average84.5985.1686.0785.5486.2284.36


Percent Collected Motor Vehicles Only Statewide weighted average 86.6686.7486.7186.8087.3187.46


Tax Uncollected7,382 168,981 86,481 39,293 59,995 6,105


Tax Rate Equivalent0.00080.01960.02020.01050.01520.0020


Dominant County: Brunswick






Debt Information








Population Group1,000 to 2,4991,000 to 2,4991,000 to 2,4991,000 to 2,4991,000 to 2,4991,000 to 2,499


Ratings:







Fitch







Moody's







S & P
















General Obligation Debt (GO) where the taxing power of the entrire municipality is pledged to pay the obligation




Enterprise GO Debt$0 0 0 0 0 0


General Government GO Debt0 0 0 0 0 0


Total General Obligation Debt0 0 0 0 0 0


Per Capita$0 0 0 0 0 0


Total Per Capita for the Population Group265 277 294 297 306 297


Total Per Capita Statewide455 456 478 495 505 548


Total per Assessed Valuation Adjusted for Current Year Sales0.0000%0.0000%0.0000%0.0000%0.0000%0.0000%


Total per Assessed Valuation Adjusted for Current Year Sales- Group Average0.1750%0.1852%0.2336%0.2606%0.2847%0.2930%


Total per Assessed Valuation Adjusted for Current Year Sales - Statewide0.3909%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$0 0 0 0 0 0


--General Government0 0 0 0 0 0


Total*$0 0 0 0 0 0


* The total only includes the contracts that require Local Government Commission approval.




Revenue Bond Debt $834,605 949,306 1,064,007 1,178,709 1,293,410 1,408,111


















Annual Financial Information Report Detail
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LineSectionDescription200920082007200620052004

Population at July 1st of the Previous Year Adjusted for Boundry Changes1,9621,9081,8431,7681,7041,666









1ANon GASB34General Fund Assets





1BFISCAL General Fund Liabilities





2ASUMMARYDebt-service Assets





2B
Debt service Liabilities





3A
Enterprise Assets





3B
Enterprise Liabilities





4A
Internal Service Assets





4B
Internal service Liabilities





5A
Special Revenue Assets





1.5AGASB34Governmental Activities Assets8,368,7337,290,8494,382,2753,758,4173,054,2292,522,693
1.5BFISCAL Governmental Activities Liabilities2,068,6952,037,486342,842306,025344,175381,882
3.5ASUMMARYBusiness Type Activities Assets12,512,56712,366,89910,559,17714,183,96312,981,98311,112,767
3.5B
Business Type Activities Liabilties247,323244,452162,3411,318,3941,477,4771,519,329
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





10PART 2Current collections of unit-wide levy2,202,7971,831,1351,136,8321,130,069926,432898,524
11TAXCurrent collection of special tax districts





12REVENUESPrior years' levy collections81,66495,66932,01051,2654,40110,509
13
Penalties and interest26,75012,9706,3283,9113,8556,327
14
Collection of taxes previously written off





15
Animal tax





15.1
Solid Waste Disposal Tax888




16
1% Local government sales and use tax191,146179,543190,816184,005175,743150,987
17
1/2% Local government sales and use taxes (Article 40)87,45693,75992,81580,41569,36464,404
18
1/2% Local government sales and use taxes (Article 42)86,36492,75491,76279,54073,38263,521
18.5
1/2% Local government sales and use taxes (Article 44)50,59082,30084,83378,72766,09661,995
19
Licenses Privilege




21,071
19.1
Privilege - Occupational & business licensing & permit taxes17,8979,60713,53737,39517,990
19.2
Privilege -- All other privileges and pemits





20
General Municipal Vehicle Tax





21
Vehicle Tax for Public Transportation





22
Other licenses - Include CATV

11,871


23
Local occupancy tax42,77242,55144,88939,99333,43027,027
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


10,50010,500
30
Public safety74,4891,616,62138,06497,78313,22316,150
31
Transportation - Streets





32
Transportation - All other





33
Utility franchise tax




1,163
34
Housing/community development





35
All Other





36
Human services: Health, mental health, hospitals





37
All other





38
Culture and recreation





39STATEState Payment in Lieu of Taxes





40INTERGOVControlled substance tax
891



41REVENUESIntangibles tax reimbursement + Transistional Hold Harmless Revenues





42
Wireless Enhanced 911 Service Charges





43
Piped Natural Gas Charge Distribution





44
Utility franchise tax310,697299,180259,885229,945197,886183,878
45
Beer and Wine tax8,5698,4907,9897,5267,3746,983
46
Powell Bill82,01889,029
71,47470,94861,199
47
Food stamp purchases tax reimbursement





48
Inventories tax reimbursements





49
Senior Citizens Exemption - 50%





50
Court fees - Facilities and arrest fees1,1039273014035155
51
General Government


1,00015,000
52
Public safety5,170


3,317
53
Transportation - Streets

75,292


54
Transportation - All other





55
Environmental protection





56
Econ. & Phys. Dev. - Housing/Comm. Dev.





57
Econ. & Phys. Dev. - All Other




7,208
58
Human Services: Health, mental health, hospitals





59
All Other





60
Culture and recreation


15,000

61LOCALLOCAL Payment in lieu of taxes





62INTERGOVGeneral government





63REVENUESPublic safety3,29452,05869,58950,00058,25136,698
64
Transportatin - Streets





65
Transportation - All other





66
Environmental protection





67
Economic and physical development

2,632

4,319
68
Human Services: Health, Mental Health & Hosp





69
Human Services: All Other





70
Culture and recreation2136,4254318,050

71PERMITS Building permits27,888




72& FEESInspection fees29,61034,49826,3107,3005,1389,407
72.1
Amusements licensing and permit taxes





73
Other permits
247,532180,99720,24016,88916,536
74SALES &Parking revenues





75SERVICESRents and royalties





76
Airport





77
Fire protection charges459,765281,374268,474218,3382,9254,000
78
Solid waste





79
Ambulance and rescue squad charges





80
Cemeteries





81
Recreation service revenues





82
Library service revenues





83
Other cultural and recreational service revenues





84
Mass transit - city operated





85
Other sales and services5,2011,5843,226


86UTILITYWater and sewer charges2,648,1663,123,6502,792,5462,675,4792,003,5061,748,720
87REVENUESElectric charges





88
Gas charges





88.1
Storm Water Fees





89MISC.On bond proceeds





90REVENUESOn general and all other funds38,912140,561203,162135,29652,04012,852
91
Special assessments
2,492
6,000219,312212,924
92
Private contribution and donations


10,00721,01733,812
93
Sales of materials and fixed assets
6,881
2,233603-15,943
94
Sales of real property

-3,170,499


95
Nongovernment contributions for streets and traffic signals





96
Mixed drink surcharge
5,250
4,706

97
ABC profit distribution117,250115,80048,00048,00048,00048,000
98
Other miscellaneous revenues23,14054,64825,69038,96926,60215,540
99
Proceeds of the sale of bonds and notes
250,000


195,000
100
Proceeds of capital leases and installment purchases
24,235



101
Other





102NON-REVSupplemental schools taxes - current levy collections





103RECEIPTSPrior years' levy collections





104
Tax collections for units other than reporting unit





105
Utilities customers' deposits9,8407,54014,694-18,4678,9629,954
106
Deposits other than utility20,645




107
Prepaid taxes
-35,670-1,21420,2149,6886,982
108
Prepaid privilege licenses1,703

851,18911,846
109APART 4Governing body - Salaries27,74617,23718,3186,7506,7506,750
109BGENERALGoverning body - All other Direct23,30721,63029,25712,16010,96015,387
109CGOVTGoverning body - Construction
78,106
41,130

109D
Governing body - Land, Equipment and Existing Structures165,930
14,0527,794277,39116,989
110A
Administration - Salaries229,963165,405200,355216,286230,831224,275
110B
Administration - All other Direct212,347225,144133,970195,702114,750109,240
110C
Administration - Construction





110D
Administration - Land, Equipment and Existing Structures35332,7465,1689,99049,26053,331
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 Direct17,095
926812616558
113C
Taxes - Construction





113D
Taxes - Land, Equipment, and Existing Structures





114A
Legal - Salaries





114B
Legal - All other Direct26,952
21,11614,35812,15617,139
114C
Legal - Construction





114D
Legal - Land, Equipment, and Existing Structures





115A
Public Buildings - Salaries





115B
Public Buildings - All other Direct

4,920
5,501
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 - Salaries565,826530,057589,366395,775469,664445,052
119BSAFETYPolice and Communications - All other Direct347,051306,555131,383235,36688,680101,374
119C
Police and Communications - Construction





119D
Police and Communications - Land, Equipment and Existing Structures80,863579,42665,867109,52162,10458,499
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
15,949
15,000

121C
Emergency Managment - Construction





121D
Emergency Management - Land, Equipment, and Existing Structures





122A
Fire - Salaries375,255295,362341,659189,916244,012178,575
122B
Fire - All other Direct294,394227,91699,485136,10164,54175,669
122C
Fire - Construction
1,074,549180,5057,672126,326
122D
Fire - Land, Equipment, and Existing Structures2,342201,59075,27646,21880,491198,855
123A
Inspectors - Salaries41,49239,124


3,409
123B
Inspectors - All other Direct26,61714,9701,8392,1321,6452,842
123C
Inspectors - Construction





123D
Inspectors - Land, Equipment, and Existing Structures





124A
Rescue Units - Salaries





124B
Rescue Units - All other Direct

15,000
15,00015,000
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


13,126

126C
Public Safety All Other - Construction





126D
Public Safety All Other - Land, Equipment, and Existing Structures


15,398

127ATRANSPORTraffic Engineering - Salaries





127BTATIONTraffic Engineering - All other Direct





127C
Traffic Engineering - Construction





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





128A
Streets and Highways - Salaries90,66690,04944,72752,98587,15785,206
128B
Streets and Highways - All other Direct143,682119,708107,63643,74714,93024,901
128C
Streets and Highways - Construction


107,10757,34559,743
128D
Streets and Highways - Land, Equipment and Existing Structures58,40547,49837,4552,0451,158
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 Direct82,01890,805
73,08271,97561,428
130C
State Street Aid Allocation - Powell Bill - Construction





130D
State Street Aid Allocation - Powell Bill - Land, Equipment, and Existing Structures

75,670


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





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 Direct





136CPROTECTIONSolid Waste - Construction





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





137A
Drainage and Watershed - Salaries





137B
Drainage and Watershed - All other Direct





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





139C
Environmental Protection - All Other - Construction





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





140AECONOMICPlanning and Zoning - Salaries64,25971,46359,258


140B& PHYSICALPlanning and Zoning - All other Direct34,75131,6525,904


140CDEVELOPPlanning and Zoning - Construction





140D
Planning and Zoning - Land, Equipment, and Existing Structures
1,469



141A
Economic Development - Salaries





141B
Economic Development - All other Direct29,11834,127

3,0003,000
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]





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 Direct4,049962



153C
Recreation and Parks - Construction5,34522,899



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


969858941
155C
Museums - Construction


15,177
2,469
155D
Museums - Land, Equipment, and Existing Structures



489
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
3,0003,8853,000

157C
Human Services - All Other - Construction





157D
Human Services - All Other - Land, Equipment, and Existing Structures

15,611


158AUTILITYWater and Sewer - Salaries554,411695,534634,206442,093484,448455,387
158B
Water and Sewer - All other Direct1,787,7381,645,6861,346,731647,701496,745464,093
158C
Water and Sewer - Construction




453,482
158D
Water and Sewer - Land, Equipment, and Existing Structures653,173362,6031,230,595542,140473,18426,387
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 Payments


38,98642,43446,446
161DSERVICEWater and Sewer - Debt Service Principal Payments


114,701114,701125,039
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 Payments11,43480,8024,8636,75710,89910,795
166D
All Other - Debt Service Principal Payments56,87815,23775,14083,74168,51869,122
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)23,24022,09019,85717,12117,11315,191
172B
Fringe Benefits Other - (B)58,607
45,14541,72437,055
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 Vehicles2,336,4681,991,9901,160,9951,116,678945,007869,524
180 OTHERCurrent Year Levy Motor Vehicles Only54,90559,63962,31852,68441,42035,105
181 DATAUncollected Taxes - Current Year's Levy - Excluding Motor Vehicles181,286160,85578,58831,85954,1181,235
182
Uncollected Taxes - Current Year's Levy - Motor Vehicles7,2908,1267,8937,4345,8774,870
183
Percentage of Taxes Collected - Current Year All Property92.1191.7692.9396.6493.9299.33
184
Percentage of Taxes Collected - Current Year - Excluding Motor Vehicles92.2491.9293.2397.1594.2799.86
185
Percentage of Taxes Collected - Current Year - Motor Vehicles86.7286.3787.3385.8985.8186.13
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 Other7,002,4274,883,1854,543,3944,446,2833,219,7442,750,831
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 audit6,623,8098,802,4142,841,6395,343,3064,143,2593,923,585
194BFISCALAmounts - Subtract proceeds of refunding debt





194CSUMMARYAmounts - Subtract interfund transfers in

304,128

20,619
194D
Amounts - Net Revenues per AFIR6,623,8098,802,4142,537,5115,343,3064,143,2593,902,966


Calculated amount6,623,8098,802,4142,537,5115,343,3064,143,2593,902,966


Amounts in AGREEMENT??YesYesYesYesYesYes


Difference





195A
Amounts - Total Expenditures and other financing sources per audit6,095,3077,161,3505,939,2733,904,2833,842,6873,447,193
195B
Amounts - Subtract payments to refunding debt escrow agent





195C
Amounts - Subtract interfund transfers out

304,128

20,619
195D
Amounts Net Expenditures per AFIR6,095,3077,161,3505,635,1453,904,2833,842,6873,426,574


Calculated amount6,095,3077,161,3505,635,1453,904,2833,842,6873,426,574


Amounts in AGREEMENT??YesYesYesYesYesYes


Difference















PART 10















950
Name of Official SignatoryMaria O. Gaither


951
Title of OfficialFinance Officer


952
Date Certified11/23/200912/08/200811/14/2007


953
Person to ContactMaria O. Gaither


954
Title of Person to ContactFinance Officer


955
Telephone Number910 754-4032


956
Facsimile Number910 754-2740






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Key Ratios and Operations Statistics of Water and Sewer Systems for



Town of Shallotte













200920082007200620052004








Population
1,9621,9081,8431,7681,7041,666
Population Group
No Electric 1,000 to 2,499 No Electric 1,000 to 2,499 No Electric 1,000 to 2,499 No Electric 1,000 to 2,499 No Electric 1,000 to 2,499 No Electric 1,000 to 2,499
Total Operating Revenues
$03,123,6500000
Total Operating Revenues Per Capita
$01,6370000
Group Weighted Average Revenues Per Capita07533280
State Weighted Average Revenues Per Capita2201215163








% to Total Operating Revenues






Operating Expenses
0.00%66.53%0.00%0.00%0.00%0.00%
Group Weighted Average
#DIV/0!98.01%139.02%116.33%209.74%298.37%
State Weighted Average
287.00%89.94%84.21%104.54%119.75%338.51%








Operating Margin
0.00%33.47%0.00%0.00%0.00%0.00%
Group Weighted Average
#DIV/0!1.99%-39.02%-16.33%-109.74%-198.37%
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!0.43%-118.05%2.69%0.00%34.58%
State Weighted Average
0.00%-0.70%-0.66%-1.84%-2.09%5.70%








Net Income before capital contributions
0.00%20.48%0.00%0.00%0.00%0.00%
Group Weighted Average
#DIV/0!153.87%3582.80%394.35%1307.56%44686.13%
State Weighted Average
968.20%480.53%1193.75%778.98%531.01%2097.68%








Key Ratios and Cash Flow














Quick Ratio
17.1217.5621.8213.517.848.13
Group Weighted Average
3.112.843.253.583.484.12
State Weighted Average
2.812.962.902.821.822.76








Days Sales in Receivables
N/A85.3N/AN/AN/AN/A
Group Weighted Average
#DIV/0!39.3#DIV/0!25.272.042.6
State Weighted Average
47.360.742.687.697.761.5








Days Cash on Hand
0.0645.70.00.00.00.0
Group Weighted Average
-34.4-914.3-151.5-72.9-18.2-46.6
State Weighted Average
-46.5-344.5-221.9-343.5-346.7-208.8








Cash flow from Operations
$800,6681,163,2654,507,4941,424,7071,052,862768,782








Debt to Equity
0.000.000.000.000.000.00
Group Weighted Average
1.850.4811.682.570.330.25
State Weighted Average
27.793.775.743.822.363.93








Debt per Capita
00066700
Group Weighted Average
3029921324410761
State Weighted Average
754535335660675266








Capital Expenditures:
200920082007200620052004


$653,173362,6031,230,595542,140473,184479,869










2003200220012000



$391,829209,724225,382172,480









Capital Contributions: Excluded from income above
$0703,5400000
















Operating Statistics














Estimated population of the areas served Water001,773NANANA
Estimated population of the areas served Sewer001,773NANANA








Number of Gallons of Water Processed (000) omitted141165,340129,600NANANA
Number of Gallons of Sewage Processed (000) omitted123110,750114,900NANANA








Number of Gallons of Water Billed (000) omitted128133,180113,500NANANA
Number of Gallons of Sewage Billed (000) omitted124138,500121,700NANANA








Ratio of Water Billed to Water Processed0.907220.805490.87577NANANA
Ratio of Sewage Billed to Sewage Processed1.009791.250561.05918NANANA








Total Revenue from Water Sales886,663771,567644,000NANANA
Total Revenue from Sewage Sales1,274,2561,274,7931,000,000NANANA








Water Revenue per 1000 gallons of Sales


363.22617NANANA
Sewage Revenue per 1000 gallons of Sales


564.01579NANANA








Group Average Sales per thousand Gallons Water$27.87923$1,769.81984$14,046.04813NANANA
Group Average Sales per thousand Gallons Sewage$29.30419$799.17941$6,255.74662NANANA








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








Residential Water Sales per thousand Gallons


NANANA
Residential Sewage Sales per thousand Gallons


NANANA








Water Sales per thousand Gallons outside Municipal Limits

10.00000NANANA
Sewage Sales per thousand Gallons outside Municipal Limits

10.00000NANANA








Total Water Sales per thousand gallons for Redistribution$0.000000.000000.00000NANANA
Total Sewage Sales per thousand gallons for Redistribution$0.000000.000000.00000NANANA




Financial Graphs and Comparisons


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Analysis of Available Fund Balance:  General Fund

20052006200720082009
Unit's FBA %54.60%75.69%73.17%56.82%122.95%
Group average FBA %69.64%64.58%65.48%62.44%65.92%
State average Electric/Non Electric Group FBA %36.82%37.38%37.38%36.63%37.77%
State average FBA %36.78%36.96%69.64%36.34%37.00%






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

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Analysis of Property Tax

20052006200720082009
Municipality93.92%96.64%92.93%91.76%92.11%
Pop. Group96.84%96.94%97.18%96.86%96.68%
Statewide97.42%97.55%97.59%97.64%97.78%






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






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Analysis of General Obligation Debt

20052006200720082009
Municipality00000
Pop. Group306297294277265
Statewide505495478456455






Municipal Population Group: 1,000 to 2,499






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Analysis of Revenue

20052006200720082009
Property Tax$5496706381,0171,178
Utility1,1761,5131,5151,6371,350
Sales Tax224240250234212
Sales & Services2123147148237
Intergovernmental2212782461,087247
Debt Proceeds0001440
Other Miscellaneous259198-1,419346152
Total$2,4313,0221,3774,6133,376

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Analysis of Revenue for Fiscal 2009











2009
2009
CategoryRevenue
Per Capita
Property Tax$2,311,211
$1,178
Water/Sewer2,648,166
1,350
Electric0
0
Other Utilities0
0
Sales Tax415,556
212
Sales & Services464,966
237
Intergovernment485,553
247
Debt Proceeds0
0
Miscellaneous297,469
152
Total$6,622,921
$3,376





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





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Analysis of Expenditures by Function for Fiscal 2009











2009
2009
CategoryExpenditures
Per Capita
General Government$703,693
$358
Water/Sewer2,995,322
1,527
Electric0
0
Other Utilities0
0
Debt Service68,312
35
Transportation374,771
191
Public Safety1,757,080
896
Other196,129
100
Total$6,095,307
$3,107





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





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Analysis of Expenditures by Object for Fiscal 2009






2009
2009
CategoryExpenditures
Per Capita
Salaries & Wages$1,949,618
$994
Water/Sewer Capital653,173
333
Electric Capital0
0
Other Capital313,238
160
Other Operating3,179,278
1,620
Total$6,095,307
$3,107





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






Last Updated 6/11/2010 10:26:32 AM