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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200820072006200520042003

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 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 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 370348331319306


Utility 374 430391374340333


Sales Tax 180 197179172157133


Sales & Services 72 7772716461


Intergovernmental 200 221246220257307


Debt Proceeds 114 69170898256


Other Miscellaneous 175 196160125137126


Total 1,480 1,5601,5661,3821,3561,322










Group Average Per Capita Expenditures by Function







Utility 519 468487425445432


Debt Service 113 11110810786103


Transportation 126 144131132139108


General Government 232 200221193174180


Public Safety 346 347326294315264


Other 184 204206170159169


Total 1,520 1,4741,4791,3211,3181,256










Group Average Per Capita Expenditures by Object







Salaries & Wages 415 430402397376351


Capital Outlay 437 305373283317298


Other Operating 668 739704641625607


Total 1,520 1,4741,4791,3211,3181,256


















General Fund
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200820072006200520042003

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 %56.8273.1775.6954.6075.0170.15


Group weighted average FBA %62.4865.6364.7969.6470.9374.33


State weighted average Non-Electric Group36.4737.1436.5136.9036.4236.42


State weighted average FBA %36.2036.3736.3136.7636.3536.06

















Enterprise Funds:
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Water/Sewer













Combined financial results:







Working capital$3,545,850 2,653,029 2,864,501 1,909,759 1,501,376 1,325,527


Quick ratio17.56 21.82 13.51 7.84 8.13 7.56


Net income1,343,382 (2,468,733)1,361,063 1,911,068 622,140 798,367


Cashflow from operations1,163,265 4,507,494 1,424,707 1,052,862 768,782 921,761


Depreciation & Amortization Expense226,871 193,177 279,225 261,329 241,983 253,910


























Cash, Investments and Financing
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200820072006200520042003











Population at July 1st of the Previous Year1,9081,8431,7681,7041,6661,626


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$4,883,185 4,543,394 4,446,283 3,219,744 2,750,831 2,531,549


Investment Earnings140,561 203,162 135,296 52,040 12,852 16,111


Tax Rate Equivalent0.01630.04750.03630.01320.00410.0060


Tax Rate Equivalent Group weighted average0.02550.04040.02830.01640.00940.0147


Tax Rate Equivalent Statewide weighted average0.05240.09200.05730.04150.03400.0332


Latest year of Revaluation 200720032003200320031999


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 Rate0.27000.32000.31000.29000.29000.3100


Tax Rate Group weighted average0.28610.34240.32970.33060.33860.3479


Tax Rate State Wide0.42540.44550.43210.44480.45660.4594


Assessment -to-Sales Ratio99.2962.5080.0087.38100.0081.22


Assessment -to-Sales Ratio Group weighted average88.8879.9685.7186.8287.2585.88


Assessment -to-Sales Ratio Statewide88.5288.4192.2892.3592.1889.54


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 Rate0.26810.20000.24800.25340.29000.2518


Group weighted average Effective Tax Rate0.25430.27370.28260.28700.29540.2988


Statewide weighted average Effective Tax Rate0.37650.39390.39870.41080.42090.4113


Percent Collected91.7692.9396.6493.9299.3398.91


Percent Collected Group weighted average97.6397.1796.9496.8496.4496.05


Percent Collected Statewide97.9797.5997.5597.4297.3196.96


Percent Collected Excluding Motor Vehicles91.9293.2397.1594.2799.8699.41


Percent Collected Excluding Motor Vehicles Group weighted average97.8498.0097.7697.8597.4697.65


Percent Collected Excluding Motor Vehicles Statewide weighted average98.6698.5998.6198.3698.2698.31


Percent Collected Motor Vehicles Only 86.3787.3385.8985.8186.1387.41


Percent Collected Motor Vehicles Only Group weighted average85.2485.9885.5486.2284.9483.89


Percent Collected Motor Vehicles Only Statewide weighted average 86.7486.7186.8087.3187.6286.69


Tax Uncollected8,218 86,481 39,293 59,995 6,105 8,893


Tax Rate Equivalent0.00100.02020.01050.01520.00200.0033


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 5,000


General Government GO Debt0 0 0 0 0 0


Total General Obligation Debt0 0 0 0 0 5,000


Per Capita$0 0 0 0 0 3


Total Per Capita for the Population Group274 294 297 306 297 #N/A


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


Total per Assessed Valuation Adjusted for Current Year Sales0.0000%0.0000%0.0000%0.0000%0.0000%0.0015%


Total per Assessed Valuation Adjusted for Current Year Sales- Group Average0.1848%0.2336%0.2606%0.2847%0.2930%#N/A


Total per Assessed Valuation Adjusted for Current Year Sales - Statewide0.4131%0.4706%0.5275%0.5588%0.6442%#N/A


Total Authorized but not Issued General Obligation Debt
















Installment Sales Purchases and Lease Obligations







--Enterprise$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 $949,306 1,064,007 1,178,709 1,293,410 1,408,111 1,522,812


















Annual Financial Information Report Detail
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LineSectionDescription200820072006200520042003

Population at July 1st of the Previous Year Adjusted for Boundry Changes1,9081,8431,7681,7041,6661,626









1ANon GASB34General Fund Assets




1,332,327
1BFISCAL General Fund Liabilities




210,357
2ASUMMARYDebt-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





1.5AGASB34Governmental Activities Assets7,290,8494,382,2753,758,4173,054,2292,522,693
1.5BFISCAL Governmental Activities Liabilities2,037,486342,842306,025344,175381,882
3.5ASUMMARYBusiness Type Activities Assets12,366,89910,559,17714,183,96312,981,98311,112,767
3.5B
Business Type Activities Liabilties244,452162,3411,318,3941,477,4771,519,329
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




20,207
7B
Capital Project Liabilities





8A
General Fixed Assets




1,889,983
9B
General Long term debt - Liabilities




215,542
10PART 2Current collections of unit-wide levy1,831,1351,136,8321,130,069926,432898,524802,089
11TAXCurrent collection of special tax districts





12REVENUESPrior years' levy collections95,66932,01051,2654,40110,50913,256
13
Penalties and interest12,9706,3283,9113,8556,3277,413
14
Collection of taxes previously written off





15
Animal tax





16
1% Local government sales and use tax179,543190,816184,005175,743150,987129,434
17
1/2% Local government sales and use taxes (Article 40)93,75992,81580,41569,36464,40467,382
18
1/2% Local government sales and use taxes (Article 42)92,75491,76279,54073,38263,52166,647
18.5
1/2% Local government sales and use taxes (Article 44)82,30084,83378,72766,09661,99513,405
19
Licenses Privilege



21,07116,127
19.1
Privilege - Occupational & business licensing & permit taxes9,60713,53737,39517,990

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 tax42,55144,88939,99333,43027,02723,100
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 safety1,616,62138,06497,78313,22316,15031,405
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





39STATEState Payment in Lieu of Taxes





40INTERGOVControlled substance tax891




41REVENUESIntangibles tax reimbursement + Transistional Hold Harmless Revenues





42
Wireless Enhanced 911 Service Charges





43
Piped Natural Gas Charge Distribution





44
Utility franchise tax299,180259,885229,945197,886183,878172,905
45
Beer and Wine tax8,4907,9897,5267,3746,9836,367
46
Powell Bill89,029
71,47470,94861,19961,450
47
Food stamp purchases tax reimbursement





48
Inventories tax reimbursements





49
Senior Citizens Exemption - 50%





50
Court fees - Facilities and arrest fees9273014035155625
51
General Government

1,00015,000

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


61LOCALLOCAL Payment in lieu of taxes





62INTERGOVGeneral government





63REVENUESPublic safety52,05869,58950,00058,25136,698212,939
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 recreation6,4254318,050


71PERMITS Building permits





72& FEESInspection fees34,49826,3107,3005,1389,4077,230
72.1
Amusements licensing and permit taxes





73
Other permits247,532180,99720,24016,88916,53622,939
74SALES &Parking revenues





75SERVICESRents and royalties





76
Airport





77
Fire protection charges281,374268,474218,3382,9254,000
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




32,732
84
Mass transit - city operated





85
Other sales and services1,5843,226


54,966
86UTILITYWater and sewer charges3,123,6502,792,5462,675,4792,003,5061,748,7201,693,094
87REVENUESElectric charges





88
Gas charges





88.1
Storm Water Fees





89MISC.On bond proceeds





90REVENUESOn general and all other funds140,561203,162135,29652,04012,85216,111
91
Special assessments2,492
6,000219,312212,924
92
Private contribution and donations

10,00721,01733,812
93
Sales of materials and fixed assets6,881
2,233603-15,943100
94
Sales of real property
-3,170,499


159,170
95
Nongovernment contributions for streets and traffic signals





96
Mixed drink surcharge5,250
4,706


97
ABC profit distribution115,80048,00048,00048,00048,00073,000
98
Other miscellaneous revenues54,64825,69038,96926,60215,54023,869
99
Proceeds of the sale of bonds and notes250,000


195,000
100
Proceeds of capital leases and installment purchases24,235




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' deposits7,54014,694-18,4678,9629,95415,903
106
Deposits other than utility





107
Prepaid taxes-35,670-1,21420,2149,6886,982180
108
Prepaid privilege licenses

851,18911,8468,559
109APART 4Governing body - Salaries17,23718,3186,7506,7506,7506,750
109BGENERALGoverning body - All other Direct21,63029,25712,16010,96015,3875,900
109CGOVTGoverning body - Construction78,106
41,130


109D
Governing body - Land, Equipment and Existing Structures
14,0527,794277,39116,9899,044
110A
Administration - Salaries165,405200,355216,286230,831224,275209,010
110B
Administration - All other Direct225,144133,970195,702114,750109,24095,098
110C
Administration - Construction





110D
Administration - Land, Equipment and Existing Structures32,7465,1689,99049,26053,3312,431
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
926812616558464
113C
Taxes - Construction





113D
Taxes - Land, Equipment, and Existing Structures





114A
Legal - Salaries





114B
Legal - All other Direct
21,11614,35812,15617,13914,389
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





119APUBLICPolice and Communications - Salaries530,057589,366395,775469,664445,052411,990
119BSAFETYPolice and Communications - All other Direct306,555131,383235,36688,680101,37467,229
119C
Police and Communications - Construction





119D
Police and Communications - Land, Equipment and Existing Structures579,42665,867109,52162,10458,49937,493
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 Direct15,949
15,000


121C
Emergency Managment - Construction





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





122A
Fire - Salaries295,362341,659189,916244,012178,575136,635
122B
Fire - All other Direct227,91699,485136,10164,54175,66952,815
122C
Fire - Construction1,074,549180,5057,672126,326
39,969
122D
Fire - Land, Equipment, and Existing Structures201,59075,27646,21880,491198,85524,376
123A
Inspectors - Salaries39,124


3,4096,753
123B
Inspectors - All other Direct14,9701,8392,1321,6452,8421,184
123C
Inspectors - Construction





123D
Inspectors - Land, Equipment, and Existing Structures





124A
Rescue Units - Salaries





124B
Rescue Units - All other Direct
15,000
15,00015,00015,000
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 - Salaries90,04944,72752,98587,15785,20677,360
128B
Streets and Highways - All other Direct119,708107,63643,74714,93024,90162,628
128C
Streets and Highways - Construction

107,10757,34559,743
128D
Streets and Highways - Land, Equipment and Existing Structures47,49837,4552,0451,158
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 Direct90,805
73,08271,97561,42861,450
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





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 - Salaries71,46359,258



140B& PHYSICALPlanning and Zoning - All other Direct31,6525,904



140CDEVELOPPlanning and Zoning - Construction





140D
Planning and Zoning - Land, Equipment, and Existing Structures1,469




141A
Economic Development - Salaries





141B
Economic Development - All other Direct34,127

3,0003,0003,000
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 Direct962




153C
Recreation and Parks - Construction22,899




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

969858941873
155C
Museums - Construction

15,177
2,46949,797
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 Direct3,0003,8853,000


157C
Human Services - All Other - Construction





157D
Human Services - All Other - Land, Equipment, and Existing Structures
15,611



158AUTILITYWater and Sewer - Salaries695,534634,206442,093484,448455,387425,233
158B
Water and Sewer - All other Direct1,645,6861,346,731647,701496,745464,093398,842
158C
Water and Sewer - Construction



453,482
158D
Water and Sewer - Land, Equipment, and Existing Structures362,6031,230,595542,140473,18426,387391,829
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





161BDEBTWater and Sewer - Debt Service Interest Payments

38,98642,43446,44652,471
161DSERVICEWater and Sewer - Debt Service Principal Payments

114,701114,701125,039243,159
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 Payments80,8024,8636,75710,89910,79511,213
166D
All Other - Debt Service Principal Payments15,23775,14083,74168,51869,12232,509
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)22,09019,85717,12117,11315,19113,396
172B
Fringe Benefits Other - (B)
45,14541,72437,055
29,550
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 Vehicles1,991,9901,160,9951,116,678945,007869,524779,192
180 OTHERCurrent Year Levy Motor Vehicles Only59,63962,31852,68441,42035,10534,382
181 DATAUncollected Taxes - Current Year's Levy - Excluding Motor Vehicles160,85578,58831,85954,1181,2354,566
182
Uncollected Taxes - Current Year's Levy - Motor Vehicles8,1267,8937,4345,8774,8704,327
183
Percentage of Taxes Collected - Current Year All Property91.7692.9396.6493.9299.3398.91
184
Percentage of Taxes Collected - Current Year - Excluding Motor Vehicles91.9293.2397.1594.2799.8699.41
185
Percentage of Taxes Collected - Current Year - Motor Vehicles86.3787.3385.8985.8186.1387.41
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





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 Other4,883,1854,543,3944,446,2833,219,7442,750,8312,531,549
190A PARTAppropriations made during the fiscal year pursuant to subsections b (1- 7)





190B 8Expenditures made during the fiscal year pursuant to subsections b (1- 7)





191
Investment in Property Acquired at any time under G.S. 158





192
Amount Expended during the fiscal year pursuant to subsections b (5) and b (7)





193
Amount of Tax Revenues taken into account under G.S.





194APART 9Amounts - Total Revenues and other financing sources per audit8,802,4142,841,6395,343,3064,143,2593,923,5853,707,755
194BFISCALAmounts - Subtract proceeds of refunding debt





194CSUMMARYAmounts - Subtract interfund transfers in
304,128

20,619
194D
Amounts - Net Revenues per AFIR8,802,4142,537,5115,343,3064,143,2593,902,9663,707,755


Calculated amount8,802,4142,537,5115,343,3064,143,2593,902,9663,707,755


Amounts in AGREEMENT??YesYesYesYesYesYes


Difference





195A
Amounts - Total Expenditures and other financing sources per audit7,161,3505,939,2733,904,2833,842,6873,447,1932,992,340
195B
Amounts - Subtract payments to refunding debt escrow agent





195C
Amounts - Subtract interfund transfers out
304,128

20,619
195D
Amounts Net Expenditures per AFIR7,161,3505,635,1453,904,2833,842,6873,426,5742,992,340


Calculated amount7,161,3505,635,1453,904,2833,842,6873,426,5742,992,340


Amounts in AGREEMENT??YesYesYesYesYesYes


Difference















PART 10















950
Name of Official SignatoryMaria Gaither


951
Title of OfficialFinance Officer


952
Date Certified12/08/200811/14/200711/20/2006


953
Person to ContactMaria 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













200820072006200520042003








Population
1,9081,8431,7681,7041,6661,626
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
$3,123,6502,792,5462,675,4792,003,5061,748,7201,693,094
Total Operating Revenues Per Capita
$1,6371,5151,5131,1761,0501,041
Group Weighted Average Revenues Per Capita488489467452424406
State Weighted Average Revenues Per Capita364367356331308295








% 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
17.5621.8213.517.848.137.56
Group Weighted Average
2.843.213.583.474.123.57
State Weighted Average
2.952.902.821.812.763.04








Days Sales in Receivables
85.363.882.163.462.667.9
Group Weighted Average
47.945.844.043.643.344.9
State Weighted Average
55.359.957.859.965.760.0








Days Cash on Hand
645.7597.4896.0683.9557.9566.9
Group Weighted Average
373.1494.7407.8401.1403.8390.4
State Weighted Average
457.8497.5458.0423.5407.9414.8








Cash flow from Operations
$1,163,2654,507,4941,424,7071,052,862768,782921,761








Debt to Equity
0.000.000.090.110.130.16
Group Weighted Average
0.310.280.270.240.240.26
State Weighted Average
0.560.550.520.520.520.50








Debt per Capita
00667759776875
Group Weighted Average
889788739702625629
State Weighted Average
1,1361,091989929855852








Capital Expenditures:
200820072006200520042003


$362,6031,230,595542,140473,184479,869391,829










2002200120001999



$209,724225,382172,480211,985









Capital Contributions: Excluded from income above
$703,54001,0001,185,140104,26786,100
















Operating Statistics














Estimated population of the areas served Water01,773NANANANA
Estimated population of the areas served Sewer01,773NANANANA








Number of Gallons of Water Processed (000) omitted165,340129,600NANANANA
Number of Gallons of Sewage Processed (000) omitted110,750114,900NANANANA








Number of Gallons of Water Billed (000) omitted133,180113,500NANANANA
Number of Gallons of Sewage Billed (000) omitted138,500121,700NANANANA








Ratio of Water Billed to Water Processed0.805490.87577NANANANA
Ratio of Sewage Billed to Sewage Processed1.250561.05918NANANANA








Total Revenue from Water Sales771,567644,000NANANANA
Total Revenue from Sewage Sales1,274,7931,000,000NANANANA








Water Revenue per 1000 gallons of Sales

363.22617NANANANA
Sewage Revenue per 1000 gallons of Sales

564.01579NANANANA








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








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








Residential Water Sales per thousand Gallons

NANANANA
Residential Sewage Sales per thousand Gallons

NANANANA








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








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




Financial Graphs and Comparisons


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Analysis of Available Fund Balance:  General Fund

20042005200620072008
Unit's FBA %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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Analysis of Property Tax

20042005200620072008
Municipality99.33%93.92%96.64%92.93%91.76%
Pop. Group96.44%96.84%96.94%97.17%97.63%
Statewide97.31%97.42%97.55%97.59%97.97%






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






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Analysis of General Obligation Debt

20042005200620072008
Municipality00000
Pop. Group297306297294274
Statewide548505495478456






Municipal Population Group: 1,000 to 2,499






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Analysis of Revenue

20042005200620072008
Property Tax$5495496706381,017
Utility1,0501,1761,5131,5151,637
Sales Tax205224240250234
Sales & Services22123147148
Intergovernmental1912212782461,087
Debt Proceeds117000144
Other Miscellaneous229259198-1,419346
Total$2,3432,4313,0221,3774,613

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Analysis of Revenue for Fiscal 2008











2008
2008
CategoryRevenue
Per Capita
Property Tax$1,939,774
$1,017
Water/Sewer3,123,650
1,637
Electric0
0
Other Utilities0
0
Sales Tax448,356
234
Sales & Services282,958
148
Intergovernment2,073,621
1,087
Debt Proceeds274,235
144
Miscellaneous659,820
346
Total$8,802,414
$4,613





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





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Analysis of Expenditures by Function for Fiscal 2008











2008
2008
CategoryExpenditures
Per Capita
General Government$540,268
$283
Water/Sewer2,703,823
1,417
Electric0
0
Other Utilities0
0
Debt Service96,039
50
Transportation348,060
182
Public Safety3,307,588
1,734
Other165,572
87
Total$7,161,350
$3,753





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





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Analysis of Expenditures by Object for Fiscal 2008






2008
2008
CategoryExpenditures
Per Capita
Salaries & Wages$1,904,231
$998
Water/Sewer Capital362,603
190
Electric Capital0
0
Other Capital2,038,283
1,068
Other Operating2,856,233
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