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 Go to top of page			2011	2010	2009	2008	2007	2006
	Revenues by Source
		Property Tax	$2,309,605	2,359,306	2,311,211	1,939,774	1,175,170	1,185,245
		Utility	2,524,380	1,982,160	2,653,367	3,125,234	2,795,772	2,675,479
		Sales Tax	303,842	318,257	415,556	448,356	460,226	422,687
		Sales & Services	510,359	498,319	459,765	528,906	449,471	238,578
		Intergovernmental	596,009	624,310	485,340	2,067,196	453,481	483,368
		Debt Proceeds	15,862	10,593	23,140	304,648	25,690	38,969
		Other Miscellaneous	312,799	191,226	274,542	388,300	(2,822,299)	298,980
		Total	$6,572,856	5,984,171	6,622,921	8,802,414	2,537,511	5,343,306

	Expenditures by Function
		Utility	$2,512,424	2,406,499	2,995,322	2,703,823	3,211,532	1,631,934
		Debt Service	144,992	153,752	68,312	96,039	80,003	244,185
		Transportation	362,735	308,635	374,771	348,060	265,488	278,966
		General Government	1,349,601	938,476	703,693	540,268	428,082	504,982
		Public Safety	1,764,336	2,074,167	1,757,080	3,307,588	1,520,237	1,183,346
		Other	204,297	162,040	196,129	165,572	129,803	60,870
		Total	$6,338,385	6,043,569	6,095,307	7,161,350	5,635,145	3,904,283

	Expenditures by Object
		Salaries & Wages	$2,012,616	2,042,668	1,949,618	1,904,231	1,887,889	1,303,805
		Capital Outlay	1,116,944	956,908	966,411	2,400,886	1,700,199	904,192
		Other Operating + Debt Service	3,208,825	3,043,993	3,179,278	2,856,233	2,047,057	1,696,286
		Total	$6,338,385	6,043,569	6,095,307	7,161,350	5,635,145	3,904,283


	Per Capita Revenues by Source
		Property Tax	$624	1,181	1,178	1,017	638	670
		Utility	682	992	1,352	1,638	1,517	1,513
		Sales Tax	83	160	213	234	249	240
		Sales & Services	138	249	234	277	244	135
		Intergovernmental	161	312	247	1,083	246	273
		Debt Proceeds	4	5	12	160	14	22
		Other Miscellaneous	85	96	140	204	(1,531)	169
		Total	$1,777	2,995	3,376	4,613	1,377	3,022

	Per Capita Expenditures by Function
		Utility	$679	1,204	1,527	1,417	1,743	923
		Debt Service	39	77	35	50	43	138
		Transportation	98	154	191	182	144	158
		General Government	366	471	358	283	233	286
		Public Safety	477	1,038	896	1,734	825	669
		Other	55	81	100	87	70	34
		Total	$1,714	3,025	3,107	3,753	3,058	2,208

	Per Capita Expenditures by Object
		Salaries & Wages	$544	1,022	994	998	1,024	737
		Capital Outlay	302	479	493	1,258	923	511
		Other Operating	868	1,524	1,620	1,497	1,111	960
		Total	$1,714	3,025	3,107	3,753	3,058	2,208

	Population Group		No Electric 2,500 to 9,999	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	119	96	100	101	101	103
		Average Population In Group	4,793	1,660	1,652	1,661	1,642	1,638
		Town of Shallotte Population	3,699	1,998	1,962	1,908	1,843	1,768
	Group Average Per Capita Revenues by Source
		Property Tax	352	414	422	406	369	348
		Utility	539	435	436	423	430	399
		Sales Tax	125	153	178	201	195	180
		Sales & Services	144	82	76	80	77	71
		Intergovernmental	251	233	228	217	220	243
		Debt Proceeds	107	39	33	46	38	46
		Other Miscellaneous	144	129	162	261	203	273
		Total	1,662	1,485	1,535	1,634	1,532	1,560

	Group Average Per Capita Expenditures by Function
		Utility	423	499	531	572	461	487
		Debt Service	79	130	154	126	110	108
		Transportation	89	142	148	140	142	131
		General Government	167	204	216	265	201	222
		Public Safety	303	348	350	384	346	326
		Other	240	177	201	203	206	205
		Total	1,301	1,500	1,600	1,690	1,466	1,479

	Group Average Per Capita Expenditures by Object
		Salaries & Wages	450	465	480	450	427	402
		Capital Outlay	226	258	302	483	305	373
		Other Operating	624	777	818	757	733	704
		Total	1,300	1,500	1,600	1,690	1,465	1,479


General Fund Go to top of page			2011	2010	2009	2008	2007	2006
	General Fund revenues		$3,972,247	3,997,466	3,950,004	3,855,073	2,797,626	2,585,442
	General Fund expenditures		3,800,150	3,637,070	3,071,980	3,382,978	2,218,028	2,097,933
	Operating transfers in		-	26,772	-	-	-	-
	Operating transfers out		-	-	-	-	304,128	-
	Capital leases and installment purchase proceeds		59,414	-	-	725,000	-	-
	Other items		2,782	-	-	25,751	-	576
	Excess of revenues and other sources over (under) expenditures and other uses		234,293	387,168	878,024	1,222,846	275,470	488,085

	Fund balance available (FBA):
		In dollars	$0	4,238,019	3,776,891	1,510,378	1,845,380	1,587,870
		FBA as a % of GF Net Expenditures:
		Unit's FBA %	0.00	116.52	122.95	56.82	73.17	75.69
		Group weighted average FBA %	104.97	66.79	66.05	62.44	65.48	64.58
		State weighted average Non-Electric Group	26.68	38.71	37.89	36.66	37.39	37.38
		State weighted average FBA %	29.01	37.47	37.03	36.35	36.54	36.96


Enterprise Funds: Go to top of page
	Water/Sewer

	Combined financial results:
		Working capital	$2,944,332	2,916,715	3,300,471	3,545,850	2,653,029	2,864,501
		Quick ratio	14.81	15.54	17.12	17.56	21.82	13.51
		Net income	1,922,517	(587,064)	142,797	1,343,382	(2,468,733)	1,361,063
		Cashflow from operations	664,102	251,013	800,668	1,163,265	4,507,494	1,424,707
		Depreciation & Amortization Expense	287,961	281,973	260,864	226,871	193,177	279,225



Cash, Investments and Financing Go to top of page			2011	2010	2009	2008	2007	2006

		Population at July 1st of the Previous Year	3,699	1,998	1,962	1,908	1,843	1,768
		Population Group	No Electric 2,500 to 9,999	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	$7,277,025	$7,098,292	$7,002,427	$4,883,185	$4,543,394	$4,446,283
		Investment Earnings	16,829	12,367	38,912	140,561	203,162	135,296
		Tax Rate Equivalent	0.0018	0.0013	0.0044	0.0163	0.0475	0.0363
		Tax Rate Equivalent Group weighted average	0.0027	0.0045	0.0131	0.0261	0.0409	0.0283
		Tax Rate Equivalent Statewide weighted average	0.0156	0.0247	0.0133	0.0524	0.0920	0.0573
		Latest year of Revaluation	2007	2007	2007	2007	2003	2003
		January 1, Prior Year Assessed Valuation	$943,197,145	932,947,407	882,549,172	862,223,269	427,987,126	372,892,578
		Tax Rate	0.2700	0.2700	0.2700	0.2700	0.3200	0.3100
		Tax Rate Group weighted average	0.2778	0.2970	0.2983	0.2860	0.3424	0.3297
		Tax Rate State Wide	0.4122	0.4090	0.4262	0.4238	0.4450	0.4321
		Assessment -to-Sales Ratio	97.27	113.59	98.07	99.29	62.50	80.00
		Assessment -to-Sales Ratio Group weighted average	102.19	97.69	86.77	88.94	79.96	85.71
		Assessment -to-Sales Ratio Statewide	101.47	98.27	90.81	88.53	88.41	92.28
		Assessed Valuation Adjusted for Assesment to Sales Ratio	$969,669,112	821,328,820	899,917,581	868,388,830	684,779,402	466,115,723
		EffectiveTax Rate	0.2626	0.3067	0.2648	0.2681	0.2000	0.2480
		Group weighted average Effective Tax Rate	0.2838	0.2901	0.2589	0.2544	0.2737	0.2826
		Statewide weighted average Effective Tax Rate	0.4183	0.4020	0.3870	0.3752	0.3934	0.3987
		Percent Collected	88.7300	90.5500	92.1100	91.7600	92.9300	96.6400
		Percent Collected Group weighted average	96.58	95.37	95.99	96.86	97.18	96.94
		Percent Collected Statewide	97.59	97.36	97.34	97.56	97.58	97.55
		Percent Collected Excluding Motor Vehicles	88.79	90.62	92.24	91.92	93.23	97.15
		Percent Collected Excluding Motor Vehicles Group weighted average	97.33	95.99	96.67	97.78	98.01	97.76
		Percent Collected Excluding Motor Vehicles Statewide weighted average	98.35	98.23	98.30	98.65	98.59	98.61
		Percent Collected Motor Vehicles Only	85.31	87.19	86.72	86.37	87.33	85.89
		Percent Collected Motor Vehicles Only Group weighted average	85.29	85.45	84.60	85.16	86.07	85.54
		Percent Collected Motor Vehicles Only Statewide weighted average	87.28	86.34	86.55	86.74	86.71	86.80
		Tax Uncollected	313,097	269,055	236,191	220,494	140,906	84,543
		Tax Rate Equivalent	0.0332	0.0288	0.0268	0.0256	0.0329	0.0227
		Dominant County: Brunswick
	Debt Information
		Population Group	2,500 to 4,999	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	0
		General Government GO Debt	0	0	0	0	0	0
		Total General Obligation Debt	0	0	0	0	0	0
		Per Capita	$0	0	0	0	0	0
		Total Per Capita for the Population Group	113	256	265	277	294	297
		Total Per Capita Statewide	450	449	455	456	478	495
		Total per Assessed Valuation Adjusted for Current Year Sales	0.0000%	0.0000%	0.0000%	0.0000%	0.0000%	0.0000%
		Total per Assessed Valuation Adjusted for Current Year Sales- Group Average	0.0898%	0.1838%	0.1750%	0.1852%	0.2336%	0.2606%
		Total per Assessed Valuation Adjusted for Current Year Sales - Statewide	0.4280%	0.4134%	0.3909%	0.4132%	0.4706%	0.5275%
		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	$605,202	719,904	834,605	949,306	1,064,007	1,178,709


Annual Financial Information Report Detail Go to top of page
Line	Section	Description	2011	2010	2009	2008	2007	2006
	Population at July 1st of the Previous Year Adjusted for Boundry Changes		3,699	1,998	1,962	1,908	1,843	1,768

1.5A	FISCAL	Governmental Activities Assets	12,319,992	9,390,064	8,368,733	7,290,849	4,382,275	3,758,417
1.5B	SUMMARY	Governmental Activities Liabilities	2,016,941	2,027,796	2,068,695	2,037,486	342,842	306,025
3.5A		Business Type Activities Assets	13,857,930	11,918,407	12,512,567	12,366,899	10,559,177	14,183,963
3.5B		Business Type Activities Liabilties	257,233	240,227	247,323	244,452	162,341	1,318,394
6.5A		Fiduciary Funds Assets
6.5B		Fiduciary Funds Liabilties
10.0	PART 2	Current Collections of Unit -Wide Levy	2,165,579	2,188,781	2,202,797	1,831,135	1,136,832	1,130,069
11.0	TAX	Current Collections of Special Tax Districts
12.0	REVENUES	Prior Years' Levy Collections	120,984	141,822	81,664	95,669	32,010	51,265
13.0		Penalties and Interest	23,042	28,703	26,750	12,970	6,328	3,911
14.0		Collections of Taxes Previously Written Off
15.0		Animal Tax
15.1		Solid Waste Disposal Tax	2,470	202	888
16.0		1% Local Government Option Sales Tax	146,132	149,750	191,146	179,543	190,816	184,005
17.0		1/2% Local Government Option Sales Tax (40)	84,202	82,647	87,456	93,759	92,815	80,415
18.0		1/2% Local Government Option Sales Tax (42)	74,709	72,271	86,364	92,754	91,762	79,540
18.5		1/2% Local Government Option Sales Tax (44)	-1,201	13,589	50,590	82,300	84,833	78,727
19.0		Privilege Licenses	82,690	23,284	17,897	9,607	13,537	37,395
19.2		Privilege -- All other privileges and pemits
20.0		Auto Licenses
21.0		Vehicle Tax for Public Transportation
22.0		Other Licenses		8,230			11,871
23.0		Local Occupancy Tax	31,746	35,105	42,772	42,551	44,889	39,993
24.0		Prepared Food Tax
25.0		911 Charges
26.0		Gross Short Term lease and Rental Tax
27.0	FEDERAL	Payments In Lieu of Taxes - Federal
28.0	INTERGOV	Equitable Sharing of Fed. Forfeited Prop.		569
29.0	REVENUES	General Government						10,500
30.0		Public Safety	64,021	94,242	74,489	1,616,621	38,064	97,783
31.0		Transportation - Streets		1,650
32.0		Transportation - All Other
33.0		Environmental Protection
34.0		Econ. & Phys. Dev. - Housing/Comm. Dev.
35.0		Econ. & Phys. Dev. - All Other
36.0		Human Services: Health, Mental Hlt & Hosp
37.0		Human Services: All Other
38.0		Culture & Recreation
39.0	STATE	Payments In Lieu of Taxes - State
40.0	INTERGOV	Unauthorized Substance Tax				891
41.0	REVENUES	Transitional Hold Harmless	77,629	65,103
42.0		Wireless Enhanced 911 Service Charges
42.1		Emergency Telephone Services Fund (ETSF) Revenues (Do not include interest)
42.2		ETSF Interest Income
43.0		Piped Natural Gas Charge Distribution
44.0		Utility Franchise Tax	343,701	333,848	310,697	299,180	259,885	229,945
45.0		Beer and Wine Tax	8,806	2,798	8,569	8,490	7,989	7,526
46.0		Powell Bill	75,831	74,718	82,018	89,029		71,474
50.0		Court Fees - Facilities and Arrest Fees	423	821	1,103	927	30	140
51.0		General Government						1,000
52.0		Public Safety	7,023		5,170
53.0		Transportation - Streets					75,292
54.0		Transportation - All Other
55.0		Environmental Protection
56.0		Econ. & Phys. Dev. - Housing/Community Dev
57.0		Econ. & Phys. Dev. - All Other		23,985
58.0		Human Services -Health, Mental Health, Hosp
59.0		Human Services - All Other
60.0		Culture and Recreation						15,000
61.0	LOCAL	Payments in Lieu of Taxes - Local
62.0	INTERGOV	General Government		1,849
63.0	REVENUES	Public Safety	18,575	24,727	3,294	52,058	69,589	50,000
64.0		Transportation - Streets
65.0		Transportation - All Other
66.0		Environmental Protection
67.0		Economic and Physical Development					2,632
68.0		Human Services - Health, Mental Hlt & Hosp
69.0		Human Services - All Other
70.0		Culture and Recreation	315	110	213	6,425	431	8,050
71.0	PERMITS	Building Permits			27,888
72.0	& FEES	Inspection Fees	31,185	26,635	29,610	34,498	26,310	7,300
72.1		Amusements licensing and permit taxes
73.0		Other Permits	32,544	18,992		247,532	180,997	20,240
74.0	SALES &	Parking Revenues
75.0	SERVICES	Rents and Royalties
76.0		Airport
77.0		Fire Protection Charges	475,976	479,327	459,765	281,374	268,474	218,338
78.0		Solid Waste
79.0		Ambulance and Rescue Squad Charges
80.0		Cemeteries
81.0		Recreation Service Revenues
82.0		Library Service Revenues
83.0		Other Cultural and Rec Service Revenues	1,839
84.0		Mass Transit - City Operated
85.0		Other Sales and Services	2,166	2,387	5,201	1,584	3,226
86.0	UTILITY	Water and Sewer Charges	2,522,214	1,979,773	2,648,166	3,123,650	2,792,546	2,675,479
87.0	REVENUES	Electric Charges
88.0		Gas Charges
88.1		Storm Water Fees
89.0	MISC.	Investment Earnings - Bond Proceeds
90.0	REVENUES	Investment Earnings - All Other Funds	16,829	12,367	38,912	140,561	203,162	135,296
91.0		Special Assessments				2,492		6,000
92.0		Private Contributions and Donations		100				10,007
93.0		Sales of Materials and Fixed Assets	14,406	300		6,881		2,233
94.0		Sale of Real Property					-3,170,499
95.0		Nongovt Contr For Streets & Traffic Signals
96.0		ABC Mixed Drink Surcharge	1,814	2,695		5,250		4,706
97.0		ABC Profit Distribution	74,400	82,400	117,250	115,800	48,000	48,000
98.0		Other Miscellaneous Revenues	15,862	10,593	23,140	54,648	25,690	38,969
99.0		Proceeds of Sale of Bonds and Notes				250,000
100.0		Proceeds of Capital Leases/Install Purchases	59,414			24,235
101.0		Other	2,006,765
102.0	NON-REV	School - Current Levy Collections
103.0	RECEIPTS	Prior Years' Levy Collections
104.0		Tax Collections for Other Units
105.0		Utilities Customer's Deposits	5,931	8,140	9,840	7,540	14,694	-18,467
106.0		Deposits Other than Utility			20,645
107.0		Prepaid Taxes		-20,645		-35,670	-1,214	20,214
108.0		Prepaid Privilege Licenses	9,095	-3,683	1,703			85
109A	PART 4	Governing Body - Salaries & Wages	24,574	27,550	27,746	17,237	18,318	6,750
109B	GENERAL	Governing Body - Other Direct	31,375	30,234	23,307	21,630	29,257	12,160
109C	GOVT	Governing Body - Construction		24,713		78,106		41,130
109D		Governing Body - Purchase of P,P&E	771,657	2,018	165,930		14,052	7,794
110A		Administration - Salaries & Wages	246,659	206,878	229,963	165,405	200,355	216,286
110B		Administration - Other Direct	225,836	208,969	212,347	225,144	133,970	195,702
110C		Administration - Construction		375,762
110D		Administration - Purchase of P,P&E	1,265	20,978	353	32,746	5,168	9,990
111A		Elections - Salaries & Wages
111B		Elections - Other Direct		1,427
111C		Elections - Construction
111D		Elections - Purchase of P,P&E
112A		Finance - Salaries & Wages
112B		Finance - Other Direct
112C		Finance - Construction
112D		Finance - Purchase of P,P&E
113A		Taxes - Salaries & Wages
113B		Taxes - Other Direct	17,640	17,029	17,095		926	812
113C		Taxes - Construction
113D		Taxes - Purchase of P,P&E
114A		Legal - Salaries & Wages
114B		Legal - Other Direct	25,841	22,918	26,952		21,116	14,358
114C		Legal - Construction
114D		Legal - Purchase of P,P&E
115A		Public Buildings - Salaries & Wages
115B		Public Buildings - Other Direct	4,754				4,920
115C		Public Buildings - Construction
115D		Public Buildings - Purchase of P,P&E
116A		Court Facilities - Salaries & Wages
116B		Court Facilities - Other Direct
116C		Court Facilities - Construction
116D		Court Facilities - Purchase of P,P&E
117A		Central Services - Salaries & Wages
117B		Central Services - Other Direct
117C		Central Services - Construction
117D		Central Services - Purchase of P,P&E
118A		Gen. Govt. All Other - Salaries & Wages
118B		Gen. Govt. All Other - Other Direct
118C		Gen. Govt. All Other - Construction
118D		Gen. Govt. All Other - Purchase of P,P&E
119A	PUBLIC	Police & Comm - Traffic Control - Salaries and Wages	576,319	594,595	565,826	530,057	589,366	395,775
119B	SAFETY	Police & Comm - Traffic Control - Other Direct	335,135	332,714	347,051	306,555	131,383	235,366
119C		Police & Comm - Traffic Control - Construction
119D		Police & Comm - Traffic Control - Purchase of P,P&E	28,440	69,596	80,863	579,426	65,867	109,521
120A		Emergency Communications - Salaries & Wages
120B		Emergency Communications - Other Direct
120C		Emergency Communications - Construction
120D		Emergency Communications - Purchase of P,P&E
120B		Emergency Telephone Service Fund (ETSF) Expenditures - Operating
120C		ETSF Expenditures - Capital Construction
120D		ETSF Expenditures - Capital Purchases
121A		Emergency Mgmt - Salaries & Wages
121B		Emergency Mgmt - Other Direct				15,949		15,000
121C		Emergency Mgmt - Construction
121D		Emergency Mgmt - Purchase of P,P&E
122A		Fire - Salaries & Wages	440,723	465,512	375,255	295,362	341,659	189,916
122B		Fire - Other Direct	255,189	222,687	294,394	227,916	99,485	136,101
122C		Fire - Construction				1,074,549	180,505	7,672
122D		Fire - Purchase of P,P&E	14,306	291,758	2,342	201,590	75,276	46,218
123A		Inspectors - Salaries & Wages	42,749	42,648	41,492	39,124
123B		Inspectors - Other Direct	26,874	29,850	26,617	14,970	1,839	2,132
123C		Inspectors - Construction
123D		Inspectors - Purchase of P,P&E
124A		Rescue Units - Salaries & Wages
124B		Rescue Units - Other Direct					15,000
124C		Rescue Units - Construction
124D		Rescue Units - Purchase of P,P&E
125A		Animal Control - Salaries & Wages
125B		Animal Control - Other Direct
125C		Animal Control - Construction
125D		Animal Control - Purchase of P,P&E
126A		Pub. Safety All Other - Salaries & Wages
126B		Pub. Safety All Other - Other Direct	12,331					13,126
126C		Pub. Safety All Other - Construction
126D		Pub. Safety All Other - Purchase of P,P&E	5,758					15,398
127A	TRANSPOR	Traffic Engineering - Salaries & Wages
127B	TATION	Traffic Engineering - Other Direct
127C		Traffic Engineering - Construction
127D		Traffic Engineering - Purchase of P,P&E
128A		Streets and Highways - Salaries & Wages	98,272	87,848	90,666	90,049	44,727	52,985
128B		Streets and Highways - Other Direct	125,961	146,048	143,682	119,708	107,636	43,747
128C		Streets and Highways - Construction						107,107
128D		Streets and Highways - Purchase of P,P&E	104,614		58,405	47,498	37,455	2,045
129A		Street Cleaning - Salaries & Wages
129B		Street Cleaning - Other Direct
129C		Street Cleaning - Construction
129D		Street Cleaning - Purchase of P,P&E
130A		Powell Bill - Salaries & Wages
130B		Powell Bill - Other Direct	33,888	8,586	82,018	90,805		73,082
130C		Powell Bill - Construction
130D		Powell Bill - Purchase of P,P&E		66,153			75,670
131A		Parking Facilities - Salaries & Wages
131B		Parking Facilities - Other Direct
131C		Parking Facilities - Construction
131D		Parking Facilities - Purchase of P,P&E
132A		Mass Transit - City - Salaries & Wages
132B		Mass Transit - City - Other Direct
132C		Mass Transit - City - Construction
132D		Mass Transit - City - Purchase of P,P&E
133B		Mass Transit - Private - Other Direct
134A		Airport - Salaries & Wages
134B		Airport - Other Direct
134C		Airport - Construction
134D		Airport - Purchase of P,P&E
135A		Transpor. All Other - Salaries & Wages
135B		Transpor. All Other - Other Direct
135C		Transpor. All Other - Construction
135D		Transpor. All Other - Purchase of P,P&E
136A	ENVIRON	Solid Waste - Salaries & Wages
136B	MENTAL	Solid Waste - Other Direct
136C	PROTECTION	Solid Waste - Construction
136D		Solid Waste - Purchase of P,P&E
137A		Drainage & Watershed - Salaries & Wages
137B		Drainage & Watershed - Other Direct
137C		Drainage & Watershed - Construction
137D		Drainage & Watershed - Purchase of P,P&E
138A		Cemeteries - Salaries & Wages
138B		Cemeteries - Other Direct
138C		Cemeteries - Construction
138D		Cemeteries - Purchase of P,P&E
139A		Environ. All Other - Salaries & Wages
139B		Environ. All Other - Other Direct
139C		Environ. All Other - Construction
139D		Environ. All Other - Purchase of P,P&E
140A	ECONOMIC	Planning & Zoning - Salaries & Wages	83,239	79,406	64,259	71,463	59,258
140B	& PHYSICAL	Planning & Zoning - Other Direct	42,662	48,930	34,751	31,652	5,904
140C	DEVELOP	Planning & Zoning - Construction
140D		Planning & Zoning - Purchase of P,P&E	5,656			1,469
141A		Economic Development - Salaries & Wages
141B		Economic Development - Other Direct	3,099		29,118	34,127
141C		Economic Development - Construction
141D		Economic Development - Purchase of P,P&E
142A		Community Development - Salaries & Wages
142B		Community Development - Other Direct		3,000
142C		Community Development - Construction
142D		Community Development - Purchase of P,P&E
143A		Housing & Urban Renewal - Salaries & Wages
143B		Housing & Urban Renewal - Other Direct
143C		Housing & Urban Renewal - Construction
143D		Housing & Urban Renewal - Purchase of P,P&E
144A		Special Empl Programs - Salaries & Wages
144B		Special Empl Programs - Other Direct
144C		Special Empl Programs - Construction
144D		Special Empl Programs - Purchase of P,P&E
145A		Econ. Dev. All Other - Salaries & Wages
145B		Econ. Dev. All Other - Other Direct
145C		Econ. Dev. All Other - Construction
145D		Econ. Dev. All Other - Purchase of P,P&E
146A	HUMAN	Health - Salaries & Wages
146B	SERVICES	Health - Other Direct
146C		Health - Construction
146D		Health - Purchase of P,P&E
147A		Mental Health - Salaries & Wages
147B		Mental Health - Other Direct
147C		Mental Health - Construction
147D		Mental Health - Purchase of P,P&E
148A		Social Services - Salaries & Wages
148B		Social Services - Other Direct
148C		Social Services - Construction
148D		Social Services - Purchase of P,P&E
149B		Hospital-City - Other Direct
150B		Hospital-Private - Other Direct
151A		Legal Aid - Salaries & Wages
151B		Legal Aid - Other Direct
151C		Legal Aid - Construction
151D		Legal Aid - Purchase of P,P&E
152A		Human Serv. All Other - Salaries & Wages
152B		Human Serv. All Other - Other Direct
152C		Human Serv. All Other - Construction
152D		Human Serv. All Other - Purchase of P,P&E
153A	CULTURE	Recreation & Parks - Salaries & Wages
153B	RECREATION	Recreation & Parks - Other Direct		1,023	4,049	962
153C		Recreation & Parks - Construction		29,681	5,345	22,899
153D		Recreation & Parks - Purchase of P,P&E
154A		Coliseum - Salaries & Wages
154B		Coliseum - Other Direct
154C		Coliseum - Construction
154D		Coliseum - Purchase of P,P&E
155A		Museums - Salaries & Wages
155B		Museums - Other Direct	1,587					969
155C		Museums - Construction						15,177
155D		Museums - Purchase of P,P&E	358
156A		Libraries - Salaries & Wages
156B		Libraries - Other Direct
156C		Libraries - Construction
156D		Libraries - Purchase of P,P&E
157A		Cult. & Recr. All Other - Salaries & Wages
157B		Cult. & Recr. All Other - Other Direct				3,000	3,885	3,000
157C		Cult. & Recr. All Other - Construction
157D		Cult. & Recr. All Other - Purchase of P,P&E					15,611
158A	UTILITY	Water & Sewer - Salaries & Wages	500,081	538,231	554,411	695,534	634,206	442,093
158B		Water & Sewer - Other Direct	1,827,453	1,792,019	1,787,738	1,645,686	1,346,731	647,701
158C		Water & Sewer - Construction
158D		Water & Sewer - Purchase of P,P&E	184,890	76,249	653,173	362,603	1,230,595	542,140
159A		Electric Power - Salaries & Wages
159B		Electric Power - Other Direct
159C		Electric Power - Construction
159D		Electric Power - Purchase of P,P&E
160A		Natural Gas - Salaries & Wages
160B		Natural Gas - Other Direct
160C		Natural Gas - Construction
160D		Natural Gas - Purchase of P,P&E
161.1A		Storm Water - Salaries & Wages
161.1B		Storm Water - Other Direct
161.1C		Storm Water - Construction
161.1D		Storm Water - Purchase of P,P&E
161B	DEBT	Water & Sewer - Interest & Fees						38,986
161D	SERVICE	Water & Sewer - Principal						114,701
162B		Electric - Interest & Fees
162D		Electric - Principal
163B		Gas - Interest & Fees
163D		Gas - Principal
164B		School - Interest & Fees
164D		School - Principal
165B		Hospital - Interest & Fees
165D		Hospital - Principal
166B		All Other - Interest & Fees	66,409	68,528	11,434	80,802	4,863	6,757
166D		All Other - Principal	78,583	85,224	56,878	15,237	75,140	83,741
167B	PENSION	Direct Benefit Program - Other Direct
168B	FRINGE	Fringe Benefits Unallocated
169B		Separation Allowance - Law Enforcement
170B		Separation Allowance - Other Employees
171B		Supplemental Retirement - Law Enforcement	26,512	24,807	23,240	22,090	19,857	17,121
172B		Fringe Benefits Other	67,696		58,607		45,145	41,724
173A	INTERGOV	Multi-Cnty Libr Dis,Cnty,Or Other - Recipient
173B	EXPEND	Multi-Cnty Libr Dis,Cnty,Or Other - Item #
173C		Multi-Cnty Libr Dis,Cnty,Or Other - Amount
174A		Gen Gov Activities Shared W/ Cnty - Recipient
174B		Gen Gov Activities Shared W/ Cnty - Item #
174C		Gen Gov Activities Shared W/ Cnty - Amount
175A		Highways (Payments to State) - Recipient
175B		Highways (Payments to State) - Item No.
175C		Highways (Payments to State) - Amount
176A		Other - Intergovt. Expenditures - Recipient
176B		Other - Intergovt. Expenditures - Item #
176C		Other - Intergovt. Expenditures - Amount
177A		Other - Intergovt. Expenditures - Recipient
177B		Other - Intergovt. Expenditures - Item #
177C		Other - Intergovt. Expenditures - Amount
178A		Other - Intergovt. Expenditures - Recipient
178B		Other - Intergovt. Expenditures - Item #
178C		Other - Intergovt. Expenditures - Amount
179.0		Current year's levy -- Excluding motor vehicles	2,396,255.	2,370,561.00	2,336,468.00	1,991,990.00	1,160,995.00	1,116,678.00
180.0		Current year's levy -- Motor vehicles (only)	44,478.	46,624.00	54,905.00	59,639.00	62,318.00	52,684.00
181.0	PART 6	Uncollected Taxes - Current Year's Levy Except Mot Veh	268,619.	222,431.00	181,286.00	160,855.00	78,588.00	31,859.00
182.0	OTHER	Uncollected Taxes - CY Levy -Motor Vehicles	6,534	5,973	7,290	8,126	7,893	7,434
183.0	DATA	Percentage of Taxes Collected - All Property %	88.73	90.55	92.11	91.76	92.93	96.64
184.0	DATA	Percentage of Taxes Collected - Exclude Motor Vehicles%	88.79	90.62	92.24	91.92	93.23	97.15
185.0		Percentage of Taxes Collected - Motor Vehicles %	85.31	87.19	86.72	86.37	87.33	85.89
186.0		Ttl Amt Salaries/Wages for Construction
187A		Capital Reserve Schools - July 1, 2009
187B		Capital Reserve Schools - June 30, 2010
188A		Capital Reserve Hospitals - July 1, 2009
188B		Capital Reserve Hospitals - June 30, 2010
189A	PART 7	Cash On Hand & in Bank - Debt Service
189B	CASH &	Cash On Hand & in Bank - Construction Bond
189C	INVEST	Cash On Hand & in Bank - All Other	7,277,025	7,098,292	7,002,427	4,883,185	4,543,394	4,446,283
190A	PART	Appropriations Made During FY - B(1) - B(7)
190B	8	Expenditures Made During FY - B(1) - B(7)
191.0		Investment in Property - B(1) - B(4)
192.0		Amount Expended During FY - B(5) and B(7)
193.0		Amount of Tax Revenues Taken Into Account
194A	PART 9	Amount - Total Revenues	8,582,091	6,011,145	6,623,809	8,802,414	2,841,639	5,343,306
194B	FISCAL	Amount - Subtract Refunding Bond Proceeds
194C	SUMMARY	Amount - Subtract Interfund Transfers In		26,772			304,128
194D		Amount - Net Revenues	8,582,091	5,984,373	6,623,809	8,802,414	2,537,511	5,343,306
		Calculated amount	8,582,091	5,984,373	6,623,809	8,802,414	2,537,511	5,343,306
		Amounts in AGREEMENT??	Yes	Yes	Yes	Yes	Yes	Yes
		Difference
195A		Amount - Total Expenditures	6,338,385	6,070,341	6,095,307	7,161,350	5,939,273	3,904,283
195B		Amount - Subtract Pymts. to Refunded Debt Agent
195C		Amount - Subtract Interfund Transfers Out		26,772			304,128
195D		Amount - Net Expenditures	6,338,385	6,043,569	6,095,307	7,161,350	5,635,145	3,904,283
		Calculated amount	6,338,385	6,043,569	6,095,307	7,161,350	5,635,145	3,904,283
		Amounts in AGREEMENT??	Yes	Yes	Yes	Yes	Yes	Yes
		Difference

401A	Part 10	Number of residential accounts billed Water
401B	Water /	Number of residential accounts billed Sewer					1,773
402A	Sewer	Amount processed and/or purchased in units Water	146	152,208,500	141	165,340	129,600
402B	Operations	Amount processed and/or purchased in units Sewer	113	115,684,283	123	110,750	114,900
403A		Total amount billed in units - Water	126	135,712,518	128	133,180	113,500
403B		Total amount billed in units - Sewer	112	111,000,994	124	138,500	121,700
404A		Of the total in 403A above how many units were Residential W
404B		Of the total in 403B above how many units were Residential S					100
405A		Of the total in 403 above, how many units were Outside Muni W					11,600
405B		Of the total in 403 above, how many units were Outside Muni S
406A		Of the total in 405A above how many units were Residential W
406B		Of the total in 405B above how many units were Residential S
407A		Of the total in 403A, how many units were sold for redistribution
407B		Of the total in 403B how many unit were delivered in bulk	885,227	814,628	886,663	771,567	644,000
408A		Dollars related to 403A above	1,274,244	1,091,358	1,274,256	1,274,793	1,000,000
408B		Dollars related to 403B above
409A		Dollars related to 404A above
409B		Dollars related to 404B above					1,000
410A		Dollars related to 405A above					116,000
410B		Dollars related to 405B above
411A		Dollars related to 406A above
411B		Dollars related to 406B above
412A		Dollars related to 407A above
412B		Dollars related to 407B above	1,822		1,650	1,566
421A		Number of residential accounts billed - Water	1,727		1,711	1,689
421B		Number of residential accounts billed - Sewer		1,763
422A		Number of non-residential & bulk accounts billed - Water		1,711
422B		Number of non-residential & bulk accounts billed - Sewer	2	2	2	2	2	2
423A		Estimated percentage of accounts outside of municipal limits



950.0		Official	Mimi Gaither
951.0		Title	Finance Officer
952.0		Date	11/14/2011	11/08/2010	11/23/2009	12/08/2008	11/14/2007	11/20/2006
953.0		Contact	Mimi Gaither
954.0		Title	Finance Officer
955.0		Phone	910-754-4032
956.0		Fax	910-754-2740
957.0		E-Mail:

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

	2011	2010	2009	2008	2007	2006

Population	3,699	1,998	1,962	1,908	1,843	1,768
Population Group	No Electric 2,500 to 9,999	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	$0	0	0	0	0	0
Total Operating Revenues Per Capita	$0	0	0	0	0	0
Group Weighted Average Revenues Per Capita	17	289	290	290	274	263
State Weighted Average Revenues Per Capita	7	272	252	255	255	249

% to Total Operating Revenues
Operating Expenses	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Group Weighted Average	82.20%	105.51%	106.51%	104.66%	105.75%	103.04%
State Weighted Average	91.62%	83.21%	87.12%	84.06%	80.00%	79.32%

Operating Margin	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Group Weighted Average	17.80%	-5.51%	-6.51%	-4.66%	-5.75%	-3.04%
State Weighted Average	8.38%	16.79%	12.88%	15.94%	20.00%	20.68%

Operating Transfers In	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Group Weighted Average	21.89%	10.42%	6.34%	4.91%	3.25%	3.52%
State Weighted Average	27.09%	1.59%	1.20%	1.28%	1.10%	1.57%

Operating Transfers Out	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Group Weighted Average	67.66%	1.61%	7.42%	1.88%	2.88%	15.74%
State Weighted Average	52.67%	1.55%	2.65%	3.15%	1.86%	2.84%

Net Income before capital contributions	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Group Weighted Average	85.84%	11.11%	-26.45%	26.08%	15.63%	14.62%
State Weighted Average	643.66%	15.82%	-9.92%	18.20%	25.61%	24.40%

Key Ratios and Cash Flow

Quick Ratio	14.81	15.54	17.12	17.56	21.82	13.51
Group Weighted Average	3.75	3.33	3.09	2.80	3.18	3.56
State Weighted Average	4.02	3.21	2.82	2.96	2.91	2.83

Days Sales in Receivables	8.0	N/A	N/A	N/A	N/A	N/A
Group Weighted Average	3.4	45.5	45.4	50.5	49.9	43.3
State Weighted Average	1.2	57.9	58.5	56.7	61.6	59.8

Days Cash on Hand	0.0	0.0	0.0	0.0	0.0	0.0
Group Weighted Average	-50.1	471.6	447.9	455.0	692.9	524.2
State Weighted Average	-16.4	614.6	560.8	588.9	647.0	571.9

Cash flow from Operations	$664,102	251,013	800,668	1,163,265	4,507,494	1,424,707

Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.00
Group Weighted Average	0.38	0.24	0.26	0.29	0.27	0.28
State Weighted Average	0.22	0.59	0.54	0.54	0.55	0.55

Debt per Capita	0	0	0	0	0	0
Group Weighted Average	20	422	451	482	433	421
State Weighted Average	8	897	783	781	761	733

Capital Expenditures:	2011	2010	2009	2008	2007	2006
	$0	0	0	0	15,611	0

	2005	2004	2003	2002
	$473,184	479,869	391,829	209,724

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


Operating Statistics

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

Number of Gallons of Water Processed (000) omitted	146	152,208,500	141	165,340	129,600	NA
Number of Gallons of Sewage Processed (000) omitted	113	115,684,283	123	110,750	114,900	NA

Number of Gallons of Water Billed (000) omitted	126	135,712,518	128	133,180	113,500	NA
Number of Gallons of Sewage Billed (000) omitted	112	111,000,994	124	138,500	121,700	NA

Ratio of Water Billed to Water Processed	0.86283	0.89162	0.90722	0.80549	0.87577	NA
Ratio of Sewage Billed to Sewage Processed	0.98492	0.95952	1.00979	1.25056	1.05918	NA

Total Revenue from Water Sales	885,227	814,628	886,663	771,567	644,000	NA
Total Revenue from Sewage Sales	1,274,244	1,091,358	1,274,256	1,274,793	1,000,000	NA

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

Group Average Sales per thousand Gallons Water	$0.00602	$58.68442	$27.87923	$1,769.81984	$14,046.04813	NA
Group Average Sales per thousand Gallons Sewage	$0.00883	$82.78241	$36.57171	$899.82774	$7,994.92601	NA

State Average Sales per thousand Gallons Water	$0.00381	$25.16691	$28.47236	$12,972.02948	$5,350.70834	NA
State Average Sales per thousand Gallons Sewage	$0.00272	$48.57325	$47.83284	$11,816.81710	$3,994.76021	NA

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

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

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

	2007	2008	2009	2010	2011
Unit's FBA %	73.17%	56.82%	122.95%	116.52%	0.00%
Group average FBA %	65.48%	62.44%	66.05%	66.79%	104.97%
State average Electric/Non Electric Group FBA %	37.39%	36.66%	37.89%	38.71%	26.68%
State average FBA %	36.54%	36.35%	65.48%	37.47%	29.01%

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

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2007 2008 2009 2010 2011

Municipality 92.93% 91.76% 92.11% 90.55% 88.73%

Pop. Group 97.18% 96.86% 95.99% 95.37% 96.58%

Statewide 97.58% 97.56% 97.34% 97.36% 97.59%

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

	2007	2008	2009	2010	2011
Municipality	92.93%	91.76%	92.11%	90.55%	88.73%
Pop. Group	97.18%	96.86%	95.99%	95.37%	96.58%
Statewide	97.58%	97.56%	97.34%	97.36%	97.59%

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

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2007 2008 2009 2010 2011

Municipality 0 0 0 0 0

Pop. Group 294 277 265 256 113

Statewide 478 456 455 449 450

Municipal Population Group: 1,000 to 2,499

	2007	2008	2009	2010	2011
Municipality	0	0	0	0	0
Pop. Group	294	277	265	256	113
Statewide	478	456	455	449	450

Municipal Population Group: 1,000 to 2,499

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2007 2008 2009 2010 2011

Property Tax $638 1,017 1,178 1,181 624

Utility 1,517 1,638 1,352 992 682

Sales Tax 249 234 213 160 83

Sales & Services 244 277 234 249 138

Intergovernmental 246 1,083 247 312 161

Debt Proceeds 14 160 12 5 4

Other Miscellaneous -1,531 204 140 96 85

Total $1,377 4,613 3,376 2,995 1,777

	2007	2008	2009	2010	2011
Property Tax	$638	1,017	1,178	1,181	624
Utility	1,517	1,638	1,352	992	682
Sales Tax	249	234	213	160	83
Sales & Services	244	277	234	249	138
Intergovernmental	246	1,083	247	312	161
Debt Proceeds	14	160	12	5	4
Other Miscellaneous	-1,531	204	140	96	85
Total	$1,377	4,613	3,376	2,995	1,777

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2011
2011

Category Revenue
Per Capita

Property Tax $2,309,605
$624

Water/Sewer 2,166
1

Electric 2,522,214
682

Other Utilities 0
0

Sales Tax 303,842
83

Sales & Services 510,359
138

Intergovernment 596,009
161

Debt Proceeds 15,862
4

Miscellaneous 312,799
85

Total $6,572,856
$1,777

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

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2011
2011

Category Expenditures
Per Capita

General Government $1,349,601
$366

Water/Sewer 0
0

Electric 2,512,424
679

Other Utilities 0
0

Debt Service 144,992
39

Transportation 362,735
98

Public Safety 1,764,336
477

Other 204,297
55

Total $6,338,385
$1,714

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

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2011
2011

Category Expenditures
Per Capita

Salaries & Wages $2,012,616
$544

Water/Sewer Capital 0
0

Electric Capital 184,890
50

Other Capital 932,054
252

Other Operating 3,208,825
868

Total $6,338,385
$1,714

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

Last Updated 2/5/2012 2:29:24 PM



	2011	2011
Category	Revenue	Per Capita
Property Tax	$2,309,605	$624
Water/Sewer	2,166	1
Electric	2,522,214	682
Other Utilities	0	0
Sales Tax	303,842	83
Sales & Services	510,359	138
Intergovernment	596,009	161
Debt Proceeds	15,862	4
Miscellaneous	312,799	85
Total	$6,572,856	$1,777

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