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

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

Municipality Revenues and Expenditures Financial Profile Go to top of page			2008	2007	2006	2005	2004	2003
	Revenues by Source
		Property Tax	$1,939,774	1,175,170	1,185,245	934,688	915,360	822,758
		Utility	3,123,650	2,792,546	2,675,479	2,003,506	1,748,720	1,693,094
		Sales Tax	448,356	460,226	422,687	384,585	340,907	276,868
		Sales & Services	282,958	271,700	218,338	2,925	4,000	87,698
		Intergovernmental	2,073,621	453,912	491,418	376,534	317,753	485,691
		Debt Proceeds	274,235	-	-	-	195,000	-
		Other Miscellaneous	659,820	(2,616,043)	350,139	441,021	381,226	341,646
		Total	$8,802,414	2,537,511	5,343,306	4,143,259	3,902,966	3,707,755

	Expenditures by Function
		Utility	$2,703,823	3,211,532	1,631,934	1,454,377	1,399,349	1,215,904
		Debt Service	96,039	80,003	244,185	236,552	251,402	339,352
		Transportation	348,060	265,488	278,966	232,565	231,278	203,938
		General Government	540,268	428,082	504,982	708,215	443,669	343,086
		Public Safety	3,307,588	1,520,237	1,183,346	1,169,576	1,094,466	806,840
		Other	165,572	129,803	60,870	41,402	6,410	83,220
		Total	$7,161,350	5,635,145	3,904,283	3,842,687	3,426,574	2,992,340

	Expenditures by Object
		Salaries & Wages	$1,904,231	1,887,889	1,303,805	1,522,862	1,398,654	1,273,731
		Capital Outlay	2,400,886	1,700,199	904,192	1,127,748	869,755	557,439
		Other Operating + Debt Service	2,856,233	2,047,057	1,696,286	1,192,077	1,158,165	1,161,170
		Total	$7,161,350	5,635,145	3,904,283	3,842,687	3,426,574	2,992,340


	Per Capita Revenues by Source
		Property Tax	$1,017	638	670	549	549	506
		Utility	1,637	1,515	1,513	1,176	1,050	1,041
		Sales Tax	234	250	240	224	205	170
		Sales & Services	148	147	123	2	2	54
		Intergovernmental	1,087	246	278	221	191	299
		Debt Proceeds	144	-	-	-	117	-
		Other Miscellaneous	346	(1,419)	198	259	229	210
		Total	$4,613	1,377	3,022	2,431	2,343	2,280

	Per Capita Expenditures by Function
		Utility	$1,417	1,743	923	854	840	748
		Debt Service	50	43	138	139	151	209
		Transportation	182	144	158	136	139	125
		General Government	283	233	286	416	266	211
		Public Safety	1,734	825	669	686	657	496
		Other	87	70	34	24	4	51
		Total	$3,753	3,058	2,208	2,255	2,057	1,840

	Per Capita Expenditures by Object
		Salaries & Wages	$998	1,024	737	894	840	783
		Capital Outlay	1,258	923	511	662	522	343
		Other Operating	1,497	1,111	960	699	695	714
		Total	$3,753	3,058	2,208	2,255	2,057	1,840

	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
		Number of Municipalites in Group	102	101	103	103	106	107
		Average Population In Group	1,669	1,642	1,638	1,632	1,644	1,628
		Town of Shallotte Population	1,908	1,843	1,768	1,704	1,666	1,626
	Group Average Per Capita Revenues by Source
		Property Tax	365	370	348	331	319	306
		Utility	374	430	391	374	340	333
		Sales Tax	180	197	179	172	157	133
		Sales & Services	72	77	72	71	64	61
		Intergovernmental	200	221	246	220	257	307
		Debt Proceeds	114	69	170	89	82	56
		Other Miscellaneous	175	196	160	125	137	126
		Total	1,480	1,560	1,566	1,382	1,356	1,322

	Group Average Per Capita Expenditures by Function
		Utility	519	468	487	425	445	432
		Debt Service	113	111	108	107	86	103
		Transportation	126	144	131	132	139	108
		General Government	232	200	221	193	174	180
		Public Safety	346	347	326	294	315	264
		Other	184	204	206	170	159	169
		Total	1,520	1,474	1,479	1,321	1,318	1,256

	Group Average Per Capita Expenditures by Object
		Salaries & Wages	415	430	402	397	376	351
		Capital Outlay	437	305	373	283	317	298
		Other Operating	668	739	704	641	625	607
		Total	1,520	1,474	1,479	1,321	1,318	1,256


General Fund Go to top of page			2008	2007	2006	2005	2004	2003
	General Fund revenues		$3,855,073	2,797,626	2,585,442	2,095,671	1,968,523	1,657,077
	General Fund expenditures		3,382,978	2,218,028	2,097,933	2,212,995	1,855,741	1,440,621
	Operating transfers in		-	-	-	-	-	102,516
	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		1,222,846	275,470	488,085	(116,721)	313,408	318,972

	Fund balance available (FBA):
		In dollars	$1,510,378	1,845,380	1,587,870	1,208,315	1,245,704	1,010,615
		FBA as a % of GF Net Expenditures:
		Unit's FBA %	56.82	73.17	75.69	54.60	75.01	70.15
		Group weighted average FBA %	62.48	65.63	64.79	69.64	70.93	74.33
		State weighted average Non-Electric Group	36.47	37.14	36.51	36.90	36.42	36.42
		State weighted average FBA %	36.20	36.37	36.31	36.76	36.35	36.06


Enterprise Funds: Go to top of page
	Water/Sewer

	Combined financial results:
		Working capital	$3,545,850	2,653,029	2,864,501	1,909,759	1,501,376	1,325,527
		Quick ratio	17.56	21.82	13.51	7.84	8.13	7.56
		Net income	1,343,382	(2,468,733)	1,361,063	1,911,068	622,140	798,367
		Cashflow from operations	1,163,265	4,507,494	1,424,707	1,052,862	768,782	921,761
		Depreciation & Amortization Expense	226,871	193,177	279,225	261,329	241,983	253,910



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

		Population at July 1st of the Previous Year	1,908	1,843	1,768	1,704	1,666	1,626
		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
		Cash &Investments	$4,883,185	4,543,394	4,446,283	3,219,744	2,750,831	2,531,549
		Investment Earnings	140,561	203,162	135,296	52,040	12,852	16,111
		Tax Rate Equivalent	0.0163	0.0475	0.0363	0.0132	0.0041	0.0060
		Tax Rate Equivalent Group weighted average	0.0255	0.0404	0.0283	0.0164	0.0094	0.0147
		Tax Rate Equivalent Statewide weighted average	0.0524	0.0920	0.0573	0.0415	0.0340	0.0332
		Latest year of Revaluation	2007	2003	2003	2003	2003	1999
		January 1, Prior Year Assessed Valuation	$862,223,269	427,987,126	372,892,578	394,457,061	310,588,164	270,658,476
		Tax Rate	0.2700	0.3200	0.3100	0.2900	0.2900	0.3100
		Tax Rate Group weighted average	0.2861	0.3424	0.3297	0.3306	0.3386	0.3479
		Tax Rate State Wide	0.4254	0.4455	0.4321	0.4448	0.4566	0.4594
		Assessment -to-Sales Ratio	99.29	62.50	80.00	87.38	100.00	81.22
		Assessment -to-Sales Ratio Group weighted average	88.88	79.96	85.71	86.82	87.25	85.88
		Assessment -to-Sales Ratio Statewide	88.52	88.41	92.28	92.35	92.18	89.54
		Assessed Valuation Adjusted for Assesment to Sales Ratio	$868,388,830	684,779,402	466,115,723	451,427,170	310,588,164	333,241,167
		EffectiveTax Rate	0.2681	0.2000	0.2480	0.2534	0.2900	0.2518
		Group weighted average Effective Tax Rate	0.2543	0.2737	0.2826	0.2870	0.2954	0.2988
		Statewide weighted average Effective Tax Rate	0.3765	0.3939	0.3987	0.4108	0.4209	0.4113
		Percent Collected	91.76	92.93	96.64	93.92	99.33	98.91
		Percent Collected Group weighted average	97.63	97.17	96.94	96.84	96.44	96.05
		Percent Collected Statewide	97.97	97.59	97.55	97.42	97.31	96.96
		Percent Collected Excluding Motor Vehicles	91.92	93.23	97.15	94.27	99.86	99.41
		Percent Collected Excluding Motor Vehicles Group weighted average	97.84	98.00	97.76	97.85	97.46	97.65
		Percent Collected Excluding Motor Vehicles Statewide weighted average	98.66	98.59	98.61	98.36	98.26	98.31
		Percent Collected Motor Vehicles Only	86.37	87.33	85.89	85.81	86.13	87.41
		Percent Collected Motor Vehicles Only Group weighted average	85.24	85.98	85.54	86.22	84.94	83.89
		Percent Collected Motor Vehicles Only Statewide weighted average	86.74	86.71	86.80	87.31	87.62	86.69
		Tax Uncollected	8,218	86,481	39,293	59,995	6,105	8,893
		Tax Rate Equivalent	0.0010	0.0202	0.0105	0.0152	0.0020	0.0033
		Dominant County: Brunswick
	Debt Information
		Population Group	1,000 to 2,499	1,000 to 2,499	1,000 to 2,499	1,000 to 2,499	1,000 to 2,499	1,000 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	5,000
		General Government GO Debt	0	0	0	0	0	0
		Total General Obligation Debt	0	0	0	0	0	5,000
		Per Capita	$0	0	0	0	0	3
		Total Per Capita for the Population Group	274	294	297	306	297	#N/A
		Total Per Capita Statewide	456	478	495	505	548	#N/A
		Total per Assessed Valuation Adjusted for Current Year Sales	0.0000%	0.0000%	0.0000%	0.0000%	0.0000%	0.0015%
		Total per Assessed Valuation Adjusted for Current Year Sales- Group Average	0.1848%	0.2336%	0.2606%	0.2847%	0.2930%	#N/A
		Total per Assessed Valuation Adjusted for Current Year Sales - Statewide	0.4131%	0.4706%	0.5275%	0.5588%	0.6442%	#N/A
		Total Authorized but not Issued General Obligation Debt

		Installment Sales Purchases and Lease Obligations
		--Enterprise	$0	0	0	0	0	0
		--General Government	0	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	$949,306	1,064,007	1,178,709	1,293,410	1,408,111	1,522,812


Annual Financial Information Report Detail Go to top of page
Line	Section	Description	2008	2007	2006	2005	2004	2003
	Population at July 1st of the Previous Year Adjusted for Boundry Changes		1,908	1,843	1,768	1,704	1,666	1,626

1A	Non GASB34	General Fund Assets						1,332,327
1B	FISCAL	General Fund Liabilities						210,357
2A	SUMMARY	Debt-service Assets
2B		Debt service Liabilities
3A		Enterprise Assets						10,637,398
3B		Enterprise Liabilities						1,624,302
4A		Internal Service Assets
4B		Internal service Liabilities
5A		Special Revenue Assets
1.5A	GASB34	Governmental Activities Assets	7,290,849	4,382,275	3,758,417	3,054,229	2,522,693
1.5B	FISCAL	Governmental Activities Liabilities	2,037,486	342,842	306,025	344,175	381,882
3.5A	SUMMARY	Business Type Activities Assets	12,366,899	10,559,177	14,183,963	12,981,983	11,112,767
3.5B		Business Type Activities Liabilties	244,452	162,341	1,318,394	1,477,477	1,519,329
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						20,207
7B		Capital Project Liabilities
8A		General Fixed Assets						1,889,983
9B		General Long term debt - Liabilities						215,542
10	PART 2	Current collections of unit-wide levy	1,831,135	1,136,832	1,130,069	926,432	898,524	802,089
11	TAX	Current collection of special tax districts
12	REVENUES	Prior years' levy collections	95,669	32,010	51,265	4,401	10,509	13,256
13		Penalties and interest	12,970	6,328	3,911	3,855	6,327	7,413
14		Collection of taxes previously written off
15		Animal tax
16		1% Local government sales and use tax	179,543	190,816	184,005	175,743	150,987	129,434
17		1/2% Local government sales and use taxes (Article 40)	93,759	92,815	80,415	69,364	64,404	67,382
18		1/2% Local government sales and use taxes (Article 42)	92,754	91,762	79,540	73,382	63,521	66,647
18.5		1/2% Local government sales and use taxes (Article 44)	82,300	84,833	78,727	66,096	61,995	13,405
19		Licenses Privilege					21,071	16,127
19.1		Privilege - Occupational & business licensing & permit taxes	9,607	13,537	37,395	17,990
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 tax	42,551	44,889	39,993	33,430	27,027	23,100
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			10,500	10,500
30		Public safety	1,616,621	38,064	97,783	13,223	16,150	31,405
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
39	STATE	State Payment in Lieu of Taxes
40	INTERGOV	Controlled substance tax	891
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	299,180	259,885	229,945	197,886	183,878	172,905
45		Beer and Wine tax	8,490	7,989	7,526	7,374	6,983	6,367
46		Powell Bill	89,029		71,474	70,948	61,199	61,450
47		Food stamp purchases tax reimbursement
48		Inventories tax reimbursements
49		Senior Citizens Exemption - 50%
50		Court fees - Facilities and arrest fees	927	30	140	35	155	625
51		General Government			1,000	15,000
52		Public safety				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
61	LOCAL	LOCAL Payment in lieu of taxes
62	INTERGOV	General government
63	REVENUES	Public safety	52,058	69,589	50,000	58,251	36,698	212,939
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 recreation	6,425	431	8,050
71	PERMITS	Building permits
72	& FEES	Inspection fees	34,498	26,310	7,300	5,138	9,407	7,230
72.1		Amusements licensing and permit taxes
73		Other permits	247,532	180,997	20,240	16,889	16,536	22,939
74	SALES &	Parking revenues
75	SERVICES	Rents and royalties
76		Airport
77		Fire protection charges	281,374	268,474	218,338	2,925	4,000
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						32,732
84		Mass transit - city operated
85		Other sales and services	1,584	3,226				54,966
86	UTILITY	Water and sewer charges	3,123,650	2,792,546	2,675,479	2,003,506	1,748,720	1,693,094
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	140,561	203,162	135,296	52,040	12,852	16,111
91		Special assessments	2,492		6,000	219,312	212,924
92		Private contribution and donations			10,007	21,017	33,812
93		Sales of materials and fixed assets	6,881		2,233	603	-15,943	100
94		Sales of real property		-3,170,499				159,170
95		Nongovernment contributions for streets and traffic signals
96		Mixed drink surcharge	5,250		4,706
97		ABC profit distribution	115,800	48,000	48,000	48,000	48,000	73,000
98		Other miscellaneous revenues	54,648	25,690	38,969	26,602	15,540	23,869
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
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	7,540	14,694	-18,467	8,962	9,954	15,903
106		Deposits other than utility
107		Prepaid taxes	-35,670	-1,214	20,214	9,688	6,982	180
108		Prepaid privilege licenses			85	1,189	11,846	8,559
109A	PART 4	Governing body - Salaries	17,237	18,318	6,750	6,750	6,750	6,750
109B	GENERAL	Governing body - All other Direct	21,630	29,257	12,160	10,960	15,387	5,900
109C	GOVT	Governing body - Construction	78,106		41,130
109D		Governing body - Land, Equipment and Existing Structures		14,052	7,794	277,391	16,989	9,044
110A		Administration - Salaries	165,405	200,355	216,286	230,831	224,275	209,010
110B		Administration - All other Direct	225,144	133,970	195,702	114,750	109,240	95,098
110C		Administration - Construction
110D		Administration - Land, Equipment and Existing Structures	32,746	5,168	9,990	49,260	53,331	2,431
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		926	812	616	558	464
113C		Taxes - Construction
113D		Taxes - Land, Equipment, and Existing Structures
114A		Legal - Salaries
114B		Legal - All other Direct		21,116	14,358	12,156	17,139	14,389
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
119A	PUBLIC	Police and Communications - Salaries	530,057	589,366	395,775	469,664	445,052	411,990
119B	SAFETY	Police and Communications - All other Direct	306,555	131,383	235,366	88,680	101,374	67,229
119C		Police and Communications - Construction
119D		Police and Communications - Land, Equipment and Existing Structures	579,426	65,867	109,521	62,104	58,499	37,493
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 - Salaries	295,362	341,659	189,916	244,012	178,575	136,635
122B		Fire - All other Direct	227,916	99,485	136,101	64,541	75,669	52,815
122C		Fire - Construction	1,074,549	180,505	7,672	126,326		39,969
122D		Fire - Land, Equipment, and Existing Structures	201,590	75,276	46,218	80,491	198,855	24,376
123A		Inspectors - Salaries	39,124				3,409	6,753
123B		Inspectors - All other Direct	14,970	1,839	2,132	1,645	2,842	1,184
123C		Inspectors - Construction
123D		Inspectors - Land, Equipment, and Existing Structures
124A		Rescue Units - Salaries
124B		Rescue Units - All other Direct		15,000		15,000	15,000	15,000
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
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	90,049	44,727	52,985	87,157	85,206	77,360
128B		Streets and Highways - All other Direct	119,708	107,636	43,747	14,930	24,901	62,628
128C		Streets and Highways - Construction			107,107	57,345	59,743
128D		Streets and Highways - Land, Equipment and Existing Structures	47,498	37,455	2,045	1,158		2,500
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	90,805		73,082	71,975	61,428	61,450
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
136A	ENVIRON	Solid Waste - Salaries
136B	MENTAL	Solid Waste - All other Direct
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
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
140A	ECONOMIC	Planning and Zoning - Salaries	71,463	59,258
140B	& PHYSICAL	Planning and Zoning - All other Direct	31,652	5,904
140C	DEVELOP	Planning and Zoning - Construction
140D		Planning and Zoning - Land, Equipment, and Existing Structures	1,469
141A		Economic Development - Salaries
141B		Economic Development - All other Direct	34,127			3,000	3,000	3,000
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
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	962
153C		Recreation and Parks - Construction	22,899
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			969	858	941	873
155C		Museums - Construction			15,177		2,469	49,797
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	3,000	3,885	3,000
157C		Human Services - All Other - Construction
157D		Human Services - All Other - Land, Equipment, and Existing Structures		15,611
158A	UTILITY	Water and Sewer - Salaries	695,534	634,206	442,093	484,448	455,387	425,233
158B		Water and Sewer - All other Direct	1,645,686	1,346,731	647,701	496,745	464,093	398,842
158C		Water and Sewer - Construction					453,482
158D		Water and Sewer - Land, Equipment, and Existing Structures	362,603	1,230,595	542,140	473,184	26,387	391,829
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			38,986	42,434	46,446	52,471
161D	SERVICE	Water and Sewer - Debt Service Principal Payments			114,701	114,701	125,039	243,159
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	80,802	4,863	6,757	10,899	10,795	11,213
166D		All Other - Debt Service Principal Payments	15,237	75,140	83,741	68,518	69,122	32,509
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)	22,090	19,857	17,121	17,113	15,191	13,396
172B		Fringe Benefits Other - (B)		45,145	41,724	37,055		29,550
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	1,991,990	1,160,995	1,116,678	945,007	869,524	779,192
180	OTHER	Current Year Levy Motor Vehicles Only	59,639	62,318	52,684	41,420	35,105	34,382
181	DATA	Uncollected Taxes - Current Year's Levy - Excluding Motor Vehicles	160,855	78,588	31,859	54,118	1,235	4,566
182		Uncollected Taxes - Current Year's Levy - Motor Vehicles	8,126	7,893	7,434	5,877	4,870	4,327
183		Percentage of Taxes Collected - Current Year All Property	91.76	92.93	96.64	93.92	99.33	98.91
184		Percentage of Taxes Collected - Current Year - Excluding Motor Vehicles	91.92	93.23	97.15	94.27	99.86	99.41
185		Percentage of Taxes Collected - Current Year - Motor Vehicles	86.37	87.33	85.89	85.81	86.13	87.41
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	4,883,185	4,543,394	4,446,283	3,219,744	2,750,831	2,531,549
190A	PART	Appropriations made during the fiscal year pursuant to subsections b (1- 7)
190B	8	Expenditures made during the fiscal year pursuant to subsections b (1- 7)
191		Investment in Property Acquired at any time under G.S. 158
192		Amount Expended during the fiscal year pursuant to subsections b (5) and b (7)
193		Amount of Tax Revenues taken into account under G.S.
194A	PART 9	Amounts - Total Revenues and other financing sources per audit	8,802,414	2,841,639	5,343,306	4,143,259	3,923,585	3,707,755
194B	FISCAL	Amounts - Subtract proceeds of refunding debt
194C	SUMMARY	Amounts - Subtract interfund transfers in		304,128			20,619
194D		Amounts - Net Revenues per AFIR	8,802,414	2,537,511	5,343,306	4,143,259	3,902,966	3,707,755
		Calculated amount	8,802,414	2,537,511	5,343,306	4,143,259	3,902,966	3,707,755
		Amounts in AGREEMENT??	Yes	Yes	Yes	Yes	Yes	Yes
		Difference
195A		Amounts - Total Expenditures and other financing sources per audit	7,161,350	5,939,273	3,904,283	3,842,687	3,447,193	2,992,340
195B		Amounts - Subtract payments to refunding debt escrow agent
195C		Amounts - Subtract interfund transfers out		304,128			20,619
195D		Amounts Net Expenditures per AFIR	7,161,350	5,635,145	3,904,283	3,842,687	3,426,574	2,992,340
		Calculated amount	7,161,350	5,635,145	3,904,283	3,842,687	3,426,574	2,992,340
		Amounts in AGREEMENT??	Yes	Yes	Yes	Yes	Yes	Yes
		Difference

	PART 10

950		Name of Official Signatory	Maria Gaither
951		Title of Official	Finance Officer
952		Date Certified	12/08/2008	11/14/2007	11/20/2006
953		Person to Contact	Maria Gaither
954		Title of Person to Contact	Finance Officer
955		Telephone Number	910 754-4032
956		Facsimile Number	910 754-2740

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

	2008	2007	2006	2005	2004	2003

Population	1,908	1,843	1,768	1,704	1,666	1,626
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	$3,123,650	2,792,546	2,675,479	2,003,506	1,748,720	1,693,094
Total Operating Revenues Per Capita	$1,637	1,515	1,513	1,176	1,050	1,041
Group Weighted Average Revenues Per Capita	488	489	467	452	424	406
State Weighted Average Revenues Per Capita	364	367	356	331	308	295

% to Total Operating Revenues
Operating Expenses	66.53%	61.25%	50.97%	63.10%	66.91%	64.81%
Group Weighted Average	100.93%	98.61%	97.18%	98.55%	100.51%	98.75%
State Weighted Average	86.74%	82.44%	81.55%	85.60%	89.13%	90.84%

Operating Margin	33.47%	38.75%	49.03%	36.90%	33.09%	35.19%
Group Weighted Average	-0.93%	1.39%	2.82%	1.45%	-0.51%	1.25%
State Weighted Average	13.26%	17.56%	18.45%	14.40%	10.87%	9.16%

Operating Transfers In/(out)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Group Weighted Average	2.57%	-0.11%	-0.40%	3.03%	2.95%	2.51%
State Weighted Average	3.96%	-0.78%	-0.58%	-0.79%	-1.21%	-0.99%

Net Income before capital contributions	20.48%	-88.40%	50.83%	36.23%	29.61%	42.07%
Group Weighted Average	-0.06%	-0.95%	-2.70%	3.62%	0.56%	1.84%
State Weighted Average	13.45%	11.89%	9.65%	8.63%	2.88%	0.31%

Key Ratios and Cash Flow

Quick Ratio	17.56	21.82	13.51	7.84	8.13	7.56
Group Weighted Average	2.84	3.21	3.58	3.47	4.12	3.57
State Weighted Average	2.95	2.90	2.82	1.81	2.76	3.04

Days Sales in Receivables	85.3	63.8	82.1	63.4	62.6	67.9
Group Weighted Average	47.9	45.8	44.0	43.6	43.3	44.9
State Weighted Average	55.3	59.9	57.8	59.9	65.7	60.0

Days Cash on Hand	645.7	597.4	896.0	683.9	557.9	566.9
Group Weighted Average	373.1	494.7	407.8	401.1	403.8	390.4
State Weighted Average	457.8	497.5	458.0	423.5	407.9	414.8

Cash flow from Operations	$1,163,265	4,507,494	1,424,707	1,052,862	768,782	921,761

Debt to Equity	0.00	0.00	0.09	0.11	0.13	0.16
Group Weighted Average	0.31	0.28	0.27	0.24	0.24	0.26
State Weighted Average	0.56	0.55	0.52	0.52	0.52	0.50

Debt per Capita	0	0	667	759	776	875
Group Weighted Average	889	788	739	702	625	629
State Weighted Average	1,136	1,091	989	929	855	852

Capital Expenditures:	2008	2007	2006	2005	2004	2003
	$362,603	1,230,595	542,140	473,184	479,869	391,829

	2002	2001	2000	1999
	$209,724	225,382	172,480	211,985

Capital Contributions: Excluded from income above	$703,540	0	1,000	1,185,140	104,267	86,100


Operating Statistics

Estimated population of the areas served Water	0	1,773	NA	NA	NA	NA
Estimated population of the areas served Sewer	0	1,773	NA	NA	NA	NA

Number of Gallons of Water Processed (000) omitted	165,340	129,600	NA	NA	NA	NA
Number of Gallons of Sewage Processed (000) omitted	110,750	114,900	NA	NA	NA	NA

Number of Gallons of Water Billed (000) omitted	133,180	113,500	NA	NA	NA	NA
Number of Gallons of Sewage Billed (000) omitted	138,500	121,700	NA	NA	NA	NA

Ratio of Water Billed to Water Processed	0.80549	0.87577	NA	NA	NA	NA
Ratio of Sewage Billed to Sewage Processed	1.25056	1.05918	NA	NA	NA	NA

Total Revenue from Water Sales	771,567	644,000	NA	NA	NA	NA
Total Revenue from Sewage Sales	1,274,793	1,000,000	NA	NA	NA	NA

Water Revenue per 1000 gallons of Sales		363.22617	NA	NA	NA	NA
Sewage Revenue per 1000 gallons of Sales		564.01579	NA	NA	NA	NA

Group Average Sales per thousand Gallons Water	$1,792.64271	$14,046.04813	NA	NA	NA	NA
Group Average Sales per thousand Gallons Sewage	$804.20668	$6,255.74662	NA	NA	NA	NA

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

Residential Water Sales per thousand Gallons			NA	NA	NA	NA
Residential Sewage Sales per thousand Gallons			NA	NA	NA	NA

Water Sales per thousand Gallons outside Municipal Limits		10.00000	NA	NA	NA	NA
Sewage Sales per thousand Gallons outside Municipal Limits		10.00000	NA	NA	NA	NA

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

Financial Graphs and Comparisons

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

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Analysis of Available Fund Balance: General Fund

	2004	2005	2006	2007	2008
Unit's FBA %	75.01%	54.60%	75.69%	73.17%	56.82%
Group average FBA %	70.93%	69.64%	64.79%	65.63%	62.48%
State average Electric/Non Electric Group FBA %	36.42%	36.90%	36.51%	37.14%	36.47%
State average FBA %	36.35%	36.76%	70.93%	36.37%	36.20%

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

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2004 2005 2006 2007 2008

Municipality 99.33% 93.92% 96.64% 92.93% 91.76%

Pop. Group 96.44% 96.84% 96.94% 97.17% 97.63%

Statewide 97.31% 97.42% 97.55% 97.59% 97.97%

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

	2004	2005	2006	2007	2008
Municipality	99.33%	93.92%	96.64%	92.93%	91.76%
Pop. Group	96.44%	96.84%	96.94%	97.17%	97.63%
Statewide	97.31%	97.42%	97.55%	97.59%	97.97%

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

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2004 2005 2006 2007 2008

Municipality 0 0 0 0 0

Pop. Group 297 306 297 294 274

Statewide 548 505 495 478 456

Municipal Population Group: 1,000 to 2,499

	2004	2005	2006	2007	2008
Municipality	0	0	0	0	0
Pop. Group	297	306	297	294	274
Statewide	548	505	495	478	456

Municipal Population Group: 1,000 to 2,499

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2004 2005 2006 2007 2008

Property Tax $549 549 670 638 1,017

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

Sales Tax 205 224 240 250 234

Sales & Services 2 2 123 147 148

Intergovernmental 191 221 278 246 1,087

Debt Proceeds 117 0 0 0 144

Other Miscellaneous 229 259 198 -1,419 346

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

	2004	2005	2006	2007	2008
Property Tax	$549	549	670	638	1,017
Utility	1,050	1,176	1,513	1,515	1,637
Sales Tax	205	224	240	250	234
Sales & Services	2	2	123	147	148
Intergovernmental	191	221	278	246	1,087
Debt Proceeds	117	0	0	0	144
Other Miscellaneous	229	259	198	-1,419	346
Total	$2,343	2,431	3,022	1,377	4,613

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2008
2008

Category Revenue
Per Capita

Property Tax $1,939,774
$1,017

Water/Sewer 3,123,650
1,637

Electric 0
0

Other Utilities 0
0

Sales Tax 448,356
234

Sales & Services 282,958
148

Intergovernment 2,073,621
1,087

Debt Proceeds 274,235
144

Miscellaneous 659,820
346

Total $8,802,414
$4,613

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

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2008
2008

Category Expenditures
Per Capita

General Government $540,268
$283

Water/Sewer 2,703,823
1,417

Electric 0
0

Other Utilities 0
0

Debt Service 96,039
50

Transportation 348,060
182

Public Safety 3,307,588
1,734

Other 165,572
87

Total $7,161,350
$3,753

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

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2008
2008

Category Expenditures
Per Capita

Salaries & Wages $1,904,231
$998

Water/Sewer Capital 362,603
190

Electric Capital 0
0

Other Capital 2,038,283
1,068

Other Operating 2,856,233
1,497

Total $7,161,350
$3,753

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

Last Updated 8/27/2009 8:09:14 AM



	2008	2008
Category	Revenue	Per Capita
Property Tax	$1,939,774	$1,017
Water/Sewer	3,123,650	1,637
Electric	0	0
Other Utilities	0	0
Sales Tax	448,356	234
Sales & Services	282,958	148
Intergovernment	2,073,621	1,087
Debt Proceeds	274,235	144
Miscellaneous	659,820	346
Total	$8,802,414	$4,613

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

North CarolinaDepartment of State TreasurerFinancial InformationTown of Shallotte

Financial Graphs and Comparisons

North Carolina
Department of State Treasurer
Financial Information
Town of Shallotte