North Carolina
Department of State Treasurer
Financial Information
City of Southport

Financial Profile | General Fund | Enterprise Funds | Cash, Investments and Financing
Annual Financial Information Report Detail | Water/Sewer Information
Electric System 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			2009	2008	2007	2006	2005	2004
	Revenues by Source
		Property Tax	$1,630,132	1,364,426	1,254,446	1,161,522	1,256,625	1,310,724
		Utility	8,934,771	8,956,568	8,776,427	9,102,349	7,191,007	7,135,896
		Sales Tax	601,296	694,100	697,250	644,209	591,349	533,208
		Sales & Services	339,225	338,022	329,081	636,231	571,930	475,210
		Intergovernmental	1,198,080	860,118	728,911	2,171,265	503,712	492,728
		Debt Proceeds	3,784,000	73,264	584,169	1,348,070	124,531	287,663
		Other Miscellaneous	405,873	605,128	746,229	681,242	550,892	342,331
		Total	$16,893,377	12,891,626	13,116,513	15,744,888	10,790,046	10,577,760

	Expenditures by Function
		Utility	$8,937,277	8,990,926	9,103,947	11,942,384	6,703,911	5,892,780
		Debt Service	385,560	389,968	439,371	202,907	257,880	325,813
		Transportation	224,172	236,558	417,431	299,522	324,920	222,883
		General Government	1,214,680	1,267,819	1,225,523	1,217,932	1,336,089	1,067,054
		Public Safety	1,646,288	1,503,366	2,099,661	1,217,665	1,217,791	1,023,478
		Other	425,202	398,332	385,835	347,631	287,871	345,509
		Total	$12,833,179	12,786,969	13,671,768	15,228,041	10,128,462	8,877,517

	Expenditures by Object
		Salaries & Wages	$2,020,066	1,997,147	1,939,310	1,666,561	1,380,421	1,303,859
		Capital Outlay	1,299,383	2,127,498	2,954,983	5,641,929	1,420,258	650,611
		Other Operating + Debt Service	9,513,730	8,662,324	8,777,475	7,919,551	7,327,783	6,923,047
		Total	$12,833,179	12,786,969	13,671,768	15,228,041	10,128,462	8,877,517


	Per Capita Revenues by Source
		Property Tax	$550	465	439	434	484	512
		Utility	3,014	3,053	3,069	3,400	2,771	2,790
		Sales Tax	204	237	243	241	229	208
		Sales & Services	114	115	115	238	220	186
		Intergovernmental	404	293	255	811	194	193
		Debt Proceeds	1,277	25	204	504	48	112
		Other Miscellaneous	137	206	261	254	212	134
		Total	$5,700	4,394	4,586	5,882	4,158	4,135

	Per Capita Expenditures by Function
		Utility	$3,015	3,064	3,183	4,461	2,583	2,304
		Debt Service	130	133	154	76	99	127
		Transportation	76	81	146	112	125	87
		General Government	411	432	428	454	516	417
		Public Safety	555	512	734	455	469	400
		Other	143	136	135	130	111	135
		Total	$4,330	4,358	4,780	5,688	3,903	3,470

	Per Capita Expenditures by Object
		Salaries & Wages	$682	681	678	623	532	510
		Capital Outlay	438	725	1,033	2,108	547	254
		Other Operating	3,210	2,952	3,069	2,957	2,824	2,706
		Total	$4,330	4,358	4,780	5,688	3,903	3,470

	Population Group		Electric 2,500 to 9,999	Electric 2,500 to 9,999	Electric 2,500 to 9,999	Electric 2,500 to 9,999	Electric 2,500 to 9,999	Electric 2,500 to 9,999
		Number of Municipalites in Group	20	21	20	20	20	19
		Average Population In Group	4,967	5,139	5,149	5,074	4,832	4,875
		City of Southport Population	2,964	2,934	2,860	2,677	2,595	2,558
	Group Average Per Capita Revenues by Source
		Property Tax	317	305	301	285	282	274
		Utility	1,775	2,051	1,895	1,850	1,792	1,806
		Sales Tax	135	158	162	152	152	142
		Sales & Services	125	145	120	119	117	119
		Intergovernmental	223	202	220	226	301	300
		Debt Proceeds	89	166	124	54	43	40
		Other Miscellaneous	226	218	184	125	98	126
		Total	2,890	3,245	3,006	2,811	2,785	2,807

	Group Average Per Capita Expenditures by Function
		Utility	1,689	1,907	1,700	1,712	1,726	1,753
		Debt Service	102	146	109	99	99	98
		Transportation	125	131	148	136	140	135
		General Government	192	161	181	163	174	180
		Public Safety	359	446	405	362	361	331
		Other	344	399	365	329	260	250
		Total	2,811	3,190	2,908	2,801	2,760	2,747

	Group Average Per Capita Expenditures by Object
		Salaries & Wages	631	654	595	593	595	576
		Capital Outlay	258	469	375	348	289	265
		Other Operating	1,922	2,067	1,938	1,860	1,876	1,906
		Total	2,811	3,190	2,908	2,801	2,760	2,747


General Fund Go to top of page			2009	2008	2007	2006	2005	2004
	General Fund revenues		$4,139,752	3,711,018	3,550,597	3,497,921	3,329,856	2,961,083
	General Fund expenditures		3,628,153	3,564,003	4,288,657	3,158,811	3,181,980	2,670,248
	Operating transfers in		-	-	-	-	256,533	-
	Operating transfers out		-	-	-	-	-	166,122
	Capital leases and installment purchase proceeds		-	16,670	380,451	58,201	22,332	224,201
	Other items		-	-	-	-	-	-
	Excess of revenues and other sources over (under) expenditures and other uses		511,599	163,685	(357,609)	397,311	426,741	348,914

	Fund balance available (FBA):
		In dollars	$2,511,036	1,990,982	1,811,383	2,171,041	1,821,341	1,389,957
		FBA as a % of GF Net Expenditures:
		Unit's FBA %	69.21	56.13	46.35	70.02	57.64	53.21
		Group weighted average FBA %	41.37	39.94	37.68	39.10	37.99	38.97
		State weighted average Electric Group	34.57	35.41	33.99	35.62	36.67	36.12
		State weighted average FBA %	37.00	36.34	36.55	36.96	36.78	36.35


Enterprise Funds: Go to top of page
	Water/Sewer, Capital Projects, Electric

	Combined financial results:
		Working capital	$2,230,295	2,359,742	2,519,788	2,703,669	2,971,411	2,771,573
		Quick ratio	3.48	4.22	3.09	3.47	5.28	8.63
		Net income	(1,157,602)	2,296,200	1,526,595	4,693,659	965,292	1,417,328
		Cashflow from operations	497,109	(59,974)	638,977	569,247	1,082,606	345,837
		Depreciation & Amortization Expense	565,404	494,380	437,900	393,494	349,666	322,117



Cash, Investments and Financing Go to top of page			2009	2008	2007	2006	2005	2004

		Population at July 1st of the Previous Year	2,964	2,934	2,860	2,677	2,595	2,558
		Population Group	Electric 2,500 to 9,999	Electric 2,500 to 9,999	Electric 2,500 to 9,999	Electric 2,500 to 9,999	Electric 2,500 to 9,999	Electric 2,500 to 9,999
		Cash &Investments	$4,981,708	5,960,879	6,333,003	6,678,446	5,004,204	3,994,862
		Investment Earnings	50,369	212,390	310,784	192,877	87,751	18,949
		Tax Rate Equivalent	0.0054	0.0236	0.0669	0.0453	0.0215	0.0049
		Tax Rate Equivalent Group weighted average	0.0240	0.0548	0.0722	0.0561	0.0317	0.0186
		Tax Rate Equivalent Statewide weighted average	0.0133	0.0524	0.0920	0.0573	0.0415	0.0340
		Latest year of Revaluation		2007	2003	2003	2003	2003
		January 1, Prior Year Assessed Valuation	$927,464,608	899,551,924	464,354,217	425,860,949	408,520,332	390,052,230
		Tax Rate	0.1800	0.1500	0.2700	0.2700	0.3000	0.3300
		Tax Rate Group weighted average	0.3781	0.3834	0.4066	0.4094	0.4079	0.4137
		Tax Rate State Wide	0.4267	0.4243	0.4452	0.4321	0.4448	0.4566
		Assessment -to-Sales Ratio	98.07	99.29	62.50	80.00	87.38	100.00
		Assessment -to-Sales Ratio Group weighted average	90.58	86.68	89.35	90.83	92.37	92.16
		Assessment -to-Sales Ratio Statewide	90.81	88.52	88.41	92.28	92.35	92.18
		Assessed Valuation Adjusted for Assesment to Sales Ratio	$945,716,945	905,984,413	742,966,747	532,326,186	467,521,552	390,052,230
		EffectiveTax Rate	0.1765	0.1489	0.1688	0.2160	0.2621	0.3300
		Group weighted average Effective Tax Rate	0.3425	0.3323	0.3633	0.3719	0.3768	0.3812
		Statewide weighted average Effective Tax Rate	0.3875	0.3756	0.3936	0.3987	0.4108	0.4209
		Percent Collected	95.54	96.92	97.67	98.04	97.68	97.40
		Percent Collected Group weighted average	96.15	95.89	96.00	95.42	95.70	95.36
		Percent Collected Statewide	97.78	97.64	97.59	97.55	97.42	97.31
		Percent Collected Excluding Motor Vehicles	95.74	97.24	98.23	98.62	98.33	98.15
		Percent Collected Excluding Motor Vehicles Group weighted average	96.84	97.21	97.38	96.96	97.08	96.47
		Percent Collected Excluding Motor Vehicles Statewide weighted average	98.31	98.65	98.59	98.61	98.36	98.39
		Percent Collected Motor Vehicles Only	87.57	88.35	87.87	88.51	85.75	84.12
		Percent Collected Motor Vehicles Only Group weighted average	82.55	81.36	82.28	80.71	81.62	86.49
		Percent Collected Motor Vehicles Only Statewide weighted average	86.66	86.74	86.71	86.80	87.31	87.46
		Tax Uncollected	5,022	42,268	29,331	22,573	28,803	33,577
		Tax Rate Equivalent	0.0005	0.0047	0.0063	0.0053	0.0071	0.0086
		Dominant County: Brunswick
	Debt Information
		Population Group	2,500 to 4,999	2,500 to 4,999	2,500 to 4,999	2,500 to 4,999	2,500 to 4,999	2,500 to 4,999
		Ratings:
		Fitch
		Moody's	Baa1	Baa1	Baa1	Baa1	Baa1	Baa1
		S & P

		General Obligation Debt (GO) where the taxing power of the entrire municipality is pledged to pay the obligation
		Enterprise GO Debt	$101,500	123,500	180,500	252,000	322,500	392,000
		General Government GO Debt	0	0	0	0	0	0
		Total General Obligation Debt	101,500	123,500	180,500	252,000	322,500	392,000
		Per Capita	$34	42	63	94	124	153
		Total Per Capita for the Population Group	158	152	149	162	162	159
		Total Per Capita Statewide	455	456	478	495	505	548
		Total per Assessed Valuation Adjusted for Current Year Sales	0.0107%	0.0136%	0.0243%	0.0473%	0.0690%	0.1005%
		Total per Assessed Valuation Adjusted for Current Year Sales- Group Average	0.1078%	0.1101%	0.1223%	0.1565%	0.1724%	0.1878%
		Total per Assessed Valuation Adjusted for Current Year Sales - Statewide	0.3909%	0.4131%	0.4706%	0.5275%	0.5588%	0.6442%
		Total Authorized but not Issued General Obligation Debt

		Installment Sales Purchases and Lease Obligations
		--Enterprise	$0	0	0	0	0	0
		--General Government	3,784,000	0	0	0	0	0
		Total*	$3,784,000	0	0	0	0	0
		* The total only includes the contracts that require Local Government Commission approval.
		Revenue Bond Debt	$1,160,820	1,229,103	1,296,771	0	0	0


Annual Financial Information Report Detail Go to top of page
Line	Section	Description	2009	2008	2007	2006	2005	2004
	Population at July 1st of the Previous Year Adjusted for Boundry Changes		2,964	2,934	2,860	2,677	2,595	2,558

1A	Non GASB34	General Fund Assets
1B	FISCAL	General Fund Liabilities
2A	SUMMARY	Debt-service Assets
2B		Debt service Liabilities
3A		Enterprise Assets
3B		Enterprise Liabilities
4A		Internal Service Assets
4B		Internal service Liabilities
5A		Special Revenue Assets
1.5A	GASB34	Governmental Activities Assets	13,190,344	8,833,958	8,534,517	5,594,828	4,981,950	4,417,639
1.5B	FISCAL	Governmental Activities Liabilities	4,138,358	456,159	654,243	381,621	338,973	463,334
3.5A	SUMMARY	Business Type Activities Assets	23,218,317	22,428,701	20,707,875	19,107,552	12,869,868	11,572,515
3.5B		Business Type Activities Liabilties	4,023,923	2,076,705	2,652,079	2,572,379	1,034,325	702,264
6.5A		Fiduciary Funds Assets
6.5B		Fiduciary Funds Liabilties
5B		Special Revenue Liabilities
6A		Trust & Agency Assets
6B		Trust & Agency Liabilities
7A		Capital Project Assets
7B		Capital Project Liabilities
8A		General Fixed Assets
9B		General Long term debt - Liabilities
10	PART 2	Current collections of unit-wide levy	1,587,439	1,332,144	1,230,277	1,127,999	1,224,327	1,259,420
11	TAX	Current collection of special tax districts
12	REVENUES	Prior years' levy collections	31,401	25,371	23,644	23,627	21,244	36,253
13		Penalties and interest	11,292	6,911	525	9,896	11,054	15,051
14		Collection of taxes previously written off
15		Animal tax	2,020	2,407	3,255	4,350	4,400	4,000
15.1		Solid Waste Disposal Tax	1,365
16		1% Local government sales and use tax	255,847	277,892	289,103	311,024	239,681	236,261
17		1/2% Local government sales and use taxes (Article 40)	134,608	145,181	140,609	122,691	106,535	100,695
18		1/2% Local government sales and use taxes (Article 42)	132,928	143,625	139,014	90,536	136,130	99,311
18.5		1/2% Local government sales and use taxes (Article 44)	77,913	127,402	128,524	119,958	109,003	96,941
19		Licenses Privilege						18,033
19.1		Privilege - Occupational & business licensing & permit taxes	18,338	17,914	15,685	16,890	16,741
19.2		Privilege -- All other privileges and pemits
20		General Municipal Vehicle Tax
21		Vehicle Tax for Public Transportation
22		Other licenses - Include CATV		7,958	69,935	37,495	23,903	21,862
23		Local occupancy tax	17,777	13,145	12,187	13,385	20,835	28,879
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
30		Public safety	79,593			95,969		31,999
31		Transportation - Streets
32		Transportation - All other
33		Utility franchise tax
34		Housing/community development					7,986
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
41	REVENUES	Intangibles tax reimbursement + Transistional Hold Harmless Revenues	38,361
42		Wireless Enhanced 911 Service Charges
43		Piped Natural Gas Charge Distribution
44		Utility franchise tax	287,351	250,792	187,699	175,042	155,383	145,171
45		Beer and Wine tax	13,177	13,174	12,097	11,462	11,322
46		Powell Bill	106,024	116,932	100,870	100,262	100,044	88,213
47		Food stamp purchases tax reimbursement
48		Inventories tax reimbursements
49		Senior Citizens Exemption - 50%
50		Court fees - Facilities and arrest fees				133	55	130
51		General Government					164,139	25,854
52		Public safety	6,214	51,219	41,839	64,542	35,900
53		Transportation - Streets
54		Transportation - All other
55		Environmental protection				1,686,000
56		Econ. & Phys. Dev. - Housing/Comm. Dev.
57		Econ. & Phys. Dev. - All Other
58		Human Services: Health, mental health, hospitals
59		All Other
60		Culture and recreation	11,631
61	LOCAL	LOCAL Payment in lieu of taxes
62	INTERGOV	General government
63	REVENUES	Public safety	655,729	428,001	386,406	37,855	28,883	22,991
64		Transportatin - Streets
65		Transportation - All other
66		Environmental protection
67		Economic and physical development						178,370
68		Human Services: Health, Mental Health & Hosp
69		Human Services: All Other
70		Culture and recreation
71	PERMITS	Building permits	106,926	106,371	107,743	183,356	150,220	95,194
72	& FEES	Inspection fees	1,780	2,560	4,155
72.1		Amusements licensing and permit taxes
73		Other permits	3,030	23,010	14,203
74	SALES &	Parking revenues
75	SERVICES	Rents and royalties	138,373	130,643	127,856	138,787	123,015	126,973
76		Airport
77		Fire protection charges		17,000	17,000	335,667	302,237	293,667
78		Solid waste	92,106	91,863	88,450	84,966	80,242
79		Ambulance and rescue squad charges	81,220	67,897	59,997	22,170	28,615	17,000
80		Cemeteries	9,350	13,989	19,735	17,545	10,215	16,290
81		Recreation service revenues	18,176	16,630	16,043	15,196	12,786	14,176
82		Library service revenues
83		Other cultural and recreational service revenues					4,140
84		Mass transit - city operated
85		Other sales and services				21,900	10,680	7,104
86	UTILITY	Water and sewer charges	2,143,126	2,842,234	2,553,334	2,843,788	2,101,914	2,229,364
87	REVENUES	Electric charges	6,791,645	6,111,684	6,205,918	6,253,261	5,082,731	4,906,532
88		Gas charges
88.1		Storm Water Fees		2,650	17,175	5,300	6,362
89	MISC.	On bond proceeds
90	REVENUES	On general and all other funds	50,369	212,390	310,784	192,877	87,751	18,949
91		Special assessments					21,250
92		Private contribution and donations	19,783	7,822	9,615	16,528	16,463	18,544
93		Sales of materials and fixed assets	4,547	5,209	1,739	16,303	9,852
94		Sales of real property
95		Nongovernment contributions for streets and traffic signals					22,875
96		Mixed drink surcharge	30,968	31,940	29,406	31,361	29,266	13,587
97		ABC profit distribution	139,403	141,080	130,289	116,417	117,765	93,328
98		Other miscellaneous revenues	10,932	33,322	37,233	52,280	29,571	29,955
99		Proceeds of the sale of bonds and notes				1,289,869	19,207
100		Proceeds of capital leases and installment purchases	3,784,000	73,264	584,169	58,201	105,324	287,663
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		-31,872	-2,804	6,889	1,893	4,344
106		Deposits other than utility
107		Prepaid taxes		103	-10,097	8,879	1,320	-1,856
108		Prepaid privilege licenses
109A	PART 4	Governing body - Salaries	32,625	32,441	35,924	33,010	25,690	9,600
109B	GENERAL	Governing body - All other Direct	154,966	148,825	118,697	169,704	155,308	130,385
109C	GOVT	Governing body - Construction
109D		Governing body - Land, Equipment and Existing Structures				8,094	8,795
110A		Administration - Salaries	223,043	209,202	217,731	192,753	151,267	138,758
110B		Administration - All other Direct	227,812	218,104	227,691	225,156	206,541	193,792
110C		Administration - Construction
110D		Administration - Land, Equipment and Existing Structures				15,363	12,381
111A		Elections (cost of) - Salaries
111B		Elections (cost of) - All other Direct				1,020
111C		Elections (cost of) - Construction
111D		Elections (cost of) - Land, Equipment and Existing Structures
112A		Finance - Salaries
112B		Finance - All other Direct
112C		Finance - Construction
112D		Finance - Land, Equipment. and Existing Structures
113A		Taxes - Salaries
113B		Taxes - All other Direct
113C		Taxes - Construction
113D		Taxes - Land, Equipment, and Existing Structures
114A		Legal - Salaries
114B		Legal - All other Direct
114C		Legal - Construction
114D		Legal - Land, Equipment, and Existing Structures
115A		Public Buildings - Salaries	81,728	77,656	76,822	64,987	68,495	54,627
115B		Public Buildings - All other Direct	204,018	216,125	278,134	239,152	229,590	258,653
115C		Public Buildings - Construction					217,164
115D		Public Buildings - Land, Equipment, and Existing Structures		76,956	7,198	12,345	51,253	64,353
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	48,094	49,917	53,571	34,774	21,167	40,103
117B		Central Facilities - All other Direct	66,790	60,861	63,217	55,928	52,588	57,251
117C		Central Facilites - Construction
117D		Central Facilites - Land, Equipment, and Existing Structures	5,863	5,292		5,653	9,368
118A		General Government All Other - Salaries	89,761	74,819	71,384	36,556	49,648	59,323
118B		General Government All Other - All other Direct	79,980	97,621	75,154	97,245	76,834	60,209
118C		General Government All Other - Construction
118D		General Government All Other - Land, Equipment, and Existing Structures				26,192
119A	PUBLIC	Police and Communications - Salaries	480,822	462,792	423,042	383,579	320,907	364,127
119B	SAFETY	Police and Communications - All other Direct	316,449	323,510	301,384	241,970	192,411	217,730
119C		Police and Communications - Construction
119D		Police and Communications - Land, Equipment and Existing Structures	19,883	20,607	17,812	46,149	22,332	22,181
120A		Emergency Communications - Salaries
120B		Emergency Communications - All other Direct
120C		Emergency Communications - Construction
120D		Emergency Communications - Land, Equipment and Existing Structures
121A		Emergency Management - Salaries
121B		Emergency Management - All other Direct
121C		Emergency Managment - Construction
121D		Emergency Management - Land, Equipment, and Existing Structures
122A		Fire - Salaries	59,094	48,531	48,319	27,383	1,980	7,045
122B		Fire - All other Direct	135,270	170,349	211,710	138,536	173,405	137,031
122C		Fire - Construction		47,719
122D		Fire - Land, Equipment, and Existing Structures	235,515		646,097	8,798	213,203	38,678
123A		Inspectors - Salaries	126,933	138,809	130,448	118,886	108,406	91,529
123B		Inspectors - All other Direct	76,718	91,737	90,802	76,654	84,749	65,169
123C		Inspectors - Construction
123D		Inspectors - Land, Equipment, and Existing Structures			23,989
124A		Rescue Units - Salaries	83,494	75,868	70,980	32,966	1,980	1,980
124B		Rescue Units - All other Direct	74,507	86,537	99,525	84,477	57,632	61,925
124C		Rescue Units - Construction
124D		Rescue Units - Land, Equipment, and Existing Structures				27,156	12,405
125A		Animal Control - Salaries
125B		Animal Control - All other Direct
125C		Animal Control - Construction
125D		Animal Control - Land, Equipment, and Existing Structures
126A		Public Safety All Other - Salaries
126B		Public Safety All Other - All other Direct
126C		Public Safety All Other - Construction
126D		Public Safety All Other - Land, Equipment, and Existing Structures
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	87,809	89,143	89,045	82,647	69,493	65,681
128B		Streets and Highways - All other Direct	104,954	111,434	144,633	127,031	102,899	100,993
128C		Streets and Highways - Construction
128D		Streets and Highways - Land, Equipment and Existing Structures			91,354
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	31,409	35,981	85,399	76,619	136,658	56,209
130C		State Street Aid Allocation - Powell Bill - Construction
130D		State Street Aid Allocation - Powell Bill - Land, Equipment, and Existing Structures			7,000	13,225	15,870
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	95,461	91,248	83,222	109,355	91,737
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	28	639	2,204		74
138C		Cemeteries - Construction
138D		Cemeteries - Land, Equipment, and Existing Structures		21,350
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
140B	& PHYSICAL	Planning and Zoning - All other Direct
140C	DEVELOP	Planning and Zoning - Construction
140D		Planning and Zoning - Land, Equipment, and Existing Structures
141A		Economic Development - Salaries
141B		Economic Development - All other Direct						185,677
141C		Economic Development - Construction
141D		Economic Development - Land, Equipment, and Existing Structures
142A		Community Development - Salaries
142B		Community Development - All other Direct					34,033
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	139,349	140,206	126,679	92,432	65,034	58,736
153B	RECREATION	Recreation and Parks - All other Direct	179,559	115,785	149,909	86,637	96,993	84,523
153C		Recreation and Parks - Construction
153D		Recreation and Parks - Land, Equipment, and Existing Structures	10,805	29,104	23,821	59,207		16,573
154A		Coliseum - Salaries
154B		Coliseum - All other Direct
154C		Coliseum - Construction
154D		Coliseum - Land, Equipment, and Existing Structures
155A		Museums - Salaries
155B		Museums - All other Direct
155C		Museums - Construction
155D		Museums - Land, Equipment, and Existing Structures
156A		Libraries - Salaries
156B		Libraries - All other Direct
156C		Libraries - Construction
156D		Libraries - Land, Equipment, and Existing Structures
157A		Culture and Recreation - All Other - Salaries
157B		Human Services - All Other - All other Direct
157C		Human Services - All Other - Construction
157D		Human Services - All Other - Land, Equipment, and Existing Structures
158A	UTILITY	Water and Sewer - Salaries	396,180	414,855	427,194	415,326	367,199	301,974
158B		Water and Sewer - All other Direct	1,292,221	1,107,425	1,167,216	900,699	889,128	876,362
158C		Water and Sewer - Construction	208,585	475,001	31,550	2,010,743	592,002
158D		Water and Sewer - Land, Equipment, and Existing Structures	123,000	398,950	908,646	2,210,290		423,471
159A		Electric Power - Salaries	171,134	182,908	168,171	151,262	129,155	110,376
159B		Electric Power - All other Direct	6,050,425	5,359,268	5,203,654	5,055,350	4,460,942	4,095,242
159C		Electric Power - Construction	695,732			1,198,714	265,485
159D		Electric Power - Land, Equipment, and Existing Structures		1,052,519	1,197,516			85,355
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	39,268	47,026	58,813	22,530	26,111	30,319
161D	SERVICE	Water and Sewer - Debt Service Principal Payments	221,337	177,870	213,207	104,316	84,610	92,413
162B		Electric - Debt Service Interest Payments	342	556			287	560
162D		Electric - Debt Service Principal Payments	6,802	6,588	7,144		5,793	5,520
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	9,338	13,736	5,423	5,538	8,475	10,708
166D		All Other - Debt Service Principal Payments	108,473	144,192	154,784	70,523	132,604	186,293
167B	PENSION	Direct Benefit Program - Pension Fund operated by the Unit
168B	FRINGE	Fringe Benefits Unallocated - (B)
169B		Separation Allowance - Law Enforcement Officers -(B)	14,458	14,458	14,458	14,458	13,253
170B		Separation Allowance - Other Employees - (B)
171B		Supplemental Retirement Income Plan for Law Enforcement Officers - (B)	23,145	22,449	21,095	16,653	15,128	16,083
172B		Fringe Benefits Other - (B)
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	1,621,883	1,325,084	1,192,045	1,084,602	1,178,131	1,224,231
180	OTHER	Current Year Levy Motor Vehicles Only	39,632	49,329	67,563	65,969	64,259	68,766
181	DATA	Uncollected Taxes - Current Year's Levy - Excluding Motor Vehicles	69,150	36,519	21,134	14,996	19,646	22,659
182		Uncollected Taxes - Current Year's Levy - Motor Vehicles	4,926	5,749	8,197	7,577	9,157	10,918
183		Percentage of Taxes Collected - Current Year All Property	95.54	96.92	97.67	98.04	97.68	97.40
184		Percentage of Taxes Collected - Current Year - Excluding Motor Vehicles	95.74	97.24	98.23	98.62	98.33	98.15
185		Percentage of Taxes Collected - Current Year - Motor Vehicles	87.57	88.35	87.87	88.51	85.75	84.12
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	4,981,708	5,960,879	6,333,003	6,678,446	5,004,204	3,994,862
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	16,894,742	13,072,833	13,116,513	15,744,888	11,070,513	10,743,882
194B	FISCAL	Amounts - Subtract proceeds of refunding debt
194C	SUMMARY	Amounts - Subtract interfund transfers in		181,207			280,467	166,122
194D		Amounts - Net Revenues per AFIR	16,894,742	12,891,626	13,116,513	15,744,888	10,790,046	10,577,760
		Calculated amount	16,894,742	12,891,626	13,116,513	15,744,888	10,790,046	10,577,760
		Amounts in AGREEMENT??	Yes	Yes	Yes	Yes	Yes	Yes
		Difference
195A		Amounts - Total Expenditures and other financing sources per audit	12,833,179	12,968,176	13,671,768	15,228,041	10,408,929	9,043,639
195B		Amounts - Subtract payments to refunding debt escrow agent
195C		Amounts - Subtract interfund transfers out		181,207			280,467	166,122
195D		Amounts Net Expenditures per AFIR	12,833,179	12,786,969	13,671,768	15,228,041	10,128,462	8,877,517
		Calculated amount	12,833,179	12,786,969	13,671,768	15,228,041	10,128,462	8,877,517
		Amounts in AGREEMENT??	Yes	Yes	Yes	Yes	Yes	Yes
		Difference

	PART 10

950		Name of Official Signatory	Patty B. Miller
951		Title of Official	Finance Officer
952		Date Certified	11/28/2009	11/24/2008	12/19/2007
953		Person to Contact	Patty B. Miller
954		Title of Person to Contact	Finance Officer
955		Telephone Number	(910) 457-7906
956		Facsimile Number

Go to top of page Key Ratios and Operations Statistics of Water and Sewer Systems for
City of Southport

	2009	2008	2007	2006	2005	2004

Population	2,964	2,934	2,860	2,677	2,595	2,558
Population Group	Electric 2,500 to 9,999	Electric 2,500 to 9,999	Electric 2,500 to 9,999	Electric 2,500 to 9,999	Electric 2,500 to 9,999	Electric 2,500 to 9,999
Total Operating Revenues	$0	1,715,197	0	0	0	0
Total Operating Revenues Per Capita	$0	585	0	0	0	0
Group Weighted Average Revenues Per Capita	0	65	0	35	0	0
State Weighted Average Revenues Per Capita	2	20	12	15	16	3

% to Total Operating Revenues
Operating Expenses	0.00%	107.43%	0.00%	0.00%	0.00%	0.00%
Group Weighted Average	#DIV/0!	97.33%	#DIV/0!	185.25%	#DIV/0!	#DIV/0!
State Weighted Average	287.00%	89.94%	84.21%	104.54%	119.75%	338.51%

Operating Margin	0.00%	-7.43%	0.00%	0.00%	0.00%	0.00%
Group Weighted Average	#DIV/0!	2.67%	#DIV/0!	-85.25%	#DIV/0!	#DIV/0!
State Weighted Average	-187.00%	10.06%	15.79%	-4.54%	-19.75%	-238.51%

Operating Transfers In/(out)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Group Weighted Average	#DIV/0!	-1.33%	#DIV/0!	5.41%	#DIV/0!	#DIV/0!
State Weighted Average	0.00%	-0.70%	-0.66%	-1.84%	-2.09%	5.70%

Net Income before capital contributions	0.00%	-8.15%	0.00%	0.00%	0.00%	0.00%
Group Weighted Average	#DIV/0!	69.46%	#DIV/0!	205.80%	#DIV/0!	#DIV/0!
State Weighted Average	968.20%	480.53%	1193.75%	778.98%	531.01%	2097.68%

Key Ratios and Cash Flow

Quick Ratio	1.39	1.66	0.81	0.86	1.78	1.59
Group Weighted Average	3.01	2.56	2.64	2.16	2.44	2.41
State Weighted Average	2.81	2.96	2.90	2.82	1.82	2.76

Days Sales in Receivables	N/A	47.5	N/A	N/A	N/A	N/A
Group Weighted Average	#DIV/0!	32.2	#DIV/0!	78.3	#DIV/0!	136.2
State Weighted Average	47.3	60.7	42.6	87.6	97.7	61.5

Days Cash on Hand	0.0	38.5	0.0	0.0	0.0	0.0
Group Weighted Average	-163.9	-250.1	-59.8	-556.4	0.0	-30.8
State Weighted Average	-46.5	-344.5	-221.9	-343.5	-346.7	-208.8

Cash flow from Operations	$257,223	158,619	-24,385	133,540	154,182	50,679

Debt to Equity	0.00	0.12	0.15	0.00	0.00	0.00
Group Weighted Average	1.49	0.11	0.16	0.35	0.61	0.02
State Weighted Average	27.79	3.77	5.74	3.82	2.36	3.93

Debt per Capita	0	502	558	0	0	0
Group Weighted Average	117	26	35	172	96	1
State Weighted Average	754	535	335	660	675	266

Capital Expenditures:	2009	2008	2007	2006	2005	2004
	$331,585	873,951	940,196	4,221,033	592,002	423,471

	2003	2002	2001	2000
	$140,522	285,972	235,126	274,060

Capital Contributions: Excluded from income above	$0	1,918,104	0	0	0	0


Operating Statistics

Estimated population of the areas served Water	0	0	2,532	NA	NA	NA
Estimated population of the areas served Sewer	0	0	1,853	NA	NA	NA

Number of Gallons of Water Processed (000) omitted	169	204,355	207,619	NA	NA	NA
Number of Gallons of Sewage Processed (000) omitted	100	96,000	121,451	NA	NA	NA

Number of Gallons of Water Billed (000) omitted	148	180,437	183,590	NA	NA	NA
Number of Gallons of Sewage Billed (000) omitted	92	93,980	101,209	NA	NA	NA

Ratio of Water Billed to Water Processed	0.87678	0.88296	0.88426	NA	NA	NA
Ratio of Sewage Billed to Sewage Processed	0.92000	0.97896	0.83333	NA	NA	NA

Total Revenue from Water Sales	893,197	983,417	994,636	NA	NA	NA
Total Revenue from Sewage Sales	1,100,289	756,108	825,871	NA	NA	NA

Water Revenue per 1000 gallons of Sales			392.82622	NA	NA	NA
Sewage Revenue per 1000 gallons of Sales			445.69401	NA	NA	NA

Group Average Sales per thousand Gallons Water	$5.52170	$26,467.24286	$36.77508	NA	NA	NA
Group Average Sales per thousand Gallons Sewage	$5.17183	$23,894.52953	$53.71457	NA	NA	NA

State Average Sales per thousand Gallons Water	$39.12016	$9.21753	$4,470.42307	NA	NA	NA
State Average Sales per thousand Gallons Sewage	$35.74438	$25.29767	$2,448.46180	NA	NA	NA

Residential Water Sales per thousand Gallons	$6,035.11486	5.45020	5.41770	NA	NA	NA
Residential Sewage Sales per thousand Gallons	$11,959.66304	8.04541	8.16005	NA	NA	NA

Water Sales per thousand Gallons outside Municipal Limits			5.41772	NA	NA	NA
Sewage Sales per thousand Gallons outside Municipal Limits				NA	NA	NA

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

Go to top of page Key Ratios of Electric Systems for The
City of Southport

	2009	2008	2007	2006	2005	2004

Population	2,964	2,934	2,860	2,677	2,595	2,558
Power Agency Group	N.C. Easterrn Municipal Power Agency
Total Operating Revenues	$0	5,716,266	0	0	0	0
Group Weighted Average	0	1,422,796	0	0	121,301	0

% to Total Operating Revenues
Power Purchases	0.0%	81.3%	0.0%	0.0%	0.0%	0.0%
Group Weighted Average	0.0%	23.2%	#DIV/0!	#DIV/0!	2115.3%	#DIV/0!

Other Operating Expenses	0.0%	18.7%	0.0%	0.0%	0.0%	0.0%
Group Weighted Average	0.0%	27.2%	#DIV/0!	#DIV/0!	-2016.2%	#DIV/0!

Operating Margin	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Group Weighted Average	100.0%	49.6%	#DIV/0!	#DIV/0!	0.9%	#DIV/0!

Operating Transfers In/(out)	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Group Weighted Average In/(out)	0.0%	-0.7%	#DIV/0!	#DIV/0!	-4.5%	#DIV/0!

Net Income	0.0%	2.1%	0.0%	0.0%	0.0%	0.0%
Group Weighted Average	#DIV/0!	36.9%	#DIV/0!	#DIV/0!	63.6%	#DIV/0!

Key Ratios and Cash Flow

Quick Ratio	4.6	5.4	3.8	5.3	6.7	24.5
Group Weighted Average	2.6	2.6	2.6	2.9	3.2	3.5

Coverage Ratio	0.00	1.06	1.22	0.00	0.00	0.00
Group Weighted Average	12.92	4.71	8.21	1.44	1.29	7.51

Days Sales in Receivables	0.0	25.2	0.0	0.0	0.0	0.0
Group Weighted Average	N/A	3.5	N/A	N/A	N/A	14.9

Days Cash on Hand	0.0	152.4	0.0	0.0	0.0	0.0
Group Weighted Average	-304.7	-8598.6	322.6	-46.3	-4.9	-638.1

Cash flow from Operations	$239,886	-218,593	663,362	435,707	928,424	295,158

Capital Expenditures:	$695,732	1,052,519	1,197,516	1,198,714	265,485	85,355


	2009	2008	2007	2006	2005	2004
Capital Contributions: Excluded from Income Above	$0	395,418	0	0	0	0

Operating Transfers to the General Fund as a % of GF Revenues	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

	2003	2002	2001	2000	1999
	#VALUE!	#VALUE!	#VALUE!	363.00%	0.00%

Gross Electric Fund Assets as Cost	$0	0	0	0	0	0
Estimated Tax Loss from Municipal Ownership of Utility	$0	$0	0	0	0	0
Tax Rate Equivalent	0.0000	0.0000	0.0000	0.0000	0.0000	0.0000

Operating Transfers to the General Fund as a % of Gross Fixed Assets	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Operating Transfers to the General Fund as a Tax Rate Equivalent	0.0000	0.0000	0.0000	0.0000	0.0000	0.0000

Tax Rate Adjusted for Assessed to Sales Ratio	0.1765	0.1489	0.1688	0.2160	0.2621	0.3300

Tax Rate Adjusted Excluding Transfers	0.1765	0.1489	0.1688	0.2160	0.2621	0.3300

Weighted Average Group Rate Adjusted	0.3425	0.3323	0.3633	0.3719	0.3768	0.3812

Weighted Average Non Electric Adjusted Rate	0.2499	0.2438	0.2610	0.2921	0.3093	0.3354

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

	2005	2006	2007	2008	2009
Unit's FBA %	57.64%	70.02%	46.35%	56.13%	69.21%
Group average FBA %	37.99%	39.10%	37.68%	39.94%	41.37%
State average Electric/Non Electric Group FBA %	36.67%	35.62%	33.99%	35.41%	34.57%
State average FBA %	36.78%	36.96%	37.99%	36.34%	37.00%

Municipal Population Group: Electric 2,500 to 9,999

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2005 2006 2007 2008 2009

Municipality 97.68% 98.04% 97.67% 96.92% 95.54%

Pop. Group 95.70% 95.42% 96.00% 95.89% 96.15%

Statewide 97.42% 97.55% 97.59% 97.64% 97.78%

Municipal Population Group: Electric 2,500 to 9,999

	2005	2006	2007	2008	2009
Municipality	97.68%	98.04%	97.67%	96.92%	95.54%
Pop. Group	95.70%	95.42%	96.00%	95.89%	96.15%
Statewide	97.42%	97.55%	97.59%	97.64%	97.78%

Municipal Population Group: Electric 2,500 to 9,999

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2005 2006 2007 2008 2009

Municipality 124 94 63 42 34

Pop. Group 162 162 149 152 158

Statewide 505 495 478 456 455

Municipal Population Group: 2,500 to 4,999

	2005	2006	2007	2008	2009
Municipality	124	94	63	42	34
Pop. Group	162	162	149	152	158
Statewide	505	495	478	456	455

Municipal Population Group: 2,500 to 4,999

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2005 2006 2007 2008 2009

Property Tax $484 434 439 465 550

Utility 2,771 3,400 3,069 3,053 3,014

Sales Tax 229 241 243 237 204

Sales & Services 220 238 115 115 114

Intergovernmental 194 811 255 293 404

Debt Proceeds 48 504 204 25 1,277

Other Miscellaneous 212 254 261 206 137

Total $4,158 5,882 4,586 4,394 5,700

	2005	2006	2007	2008	2009
Property Tax	$484	434	439	465	550
Utility	2,771	3,400	3,069	3,053	3,014
Sales Tax	229	241	243	237	204
Sales & Services	220	238	115	115	114
Intergovernmental	194	811	255	293	404
Debt Proceeds	48	504	204	25	1,277
Other Miscellaneous	212	254	261	206	137
Total	$4,158	5,882	4,586	4,394	5,700

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2009
2009

Category Revenue
Per Capita

Property Tax $1,630,132
$550

Water/Sewer 2,143,126
723

Electric 6,791,645
2,291

Other Utilities 0
0

Sales Tax 601,296
204

Sales & Services 339,225
114

Intergovernment 1,198,080
404

Debt Proceeds 3,784,000
1,277

Miscellaneous 405,873
137

Total $16,893,377
$5,700

Municipal Population Group: Electric 2,500 to 9,999

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2009
2009

Category Expenditures
Per Capita

General Government $1,214,680
$411

Water/Sewer 2,019,986
682

Electric 6,917,291
2,334

Other Utilities 0
0

Debt Service 385,560
130

Transportation 224,172
76

Public Safety 1,646,288
555

Other 425,202
143

Total $12,833,179
$4,330

Municipal Population Group: Electric 2,500 to 9,999

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2009
2009

Category Expenditures
Per Capita

Salaries & Wages $2,020,066
$682

Water/Sewer Capital 331,585
112

Electric Capital 695,732
235

Other Capital 272,066
92

Other Operating 9,513,730
3,210

Total $12,833,179
$4,330

Municipal Population Group: Electric 2,500 to 9,999

Last Updated 6/11/2010 10:28:24 AM



	2009	2009
Category	Revenue	Per Capita
Property Tax	$1,630,132	$550
Water/Sewer	2,143,126	723
Electric	6,791,645	2,291
Other Utilities	0	0
Sales Tax	601,296	204
Sales & Services	339,225	114
Intergovernment	1,198,080	404
Debt Proceeds	3,784,000	1,277
Miscellaneous	405,873	137
Total	$16,893,377	$5,700

Municipal Population Group: Electric 2,500 to 9,999

North CarolinaDepartment of State TreasurerFinancial InformationCity of Southport

Financial Graphs and Comparisons

North Carolina
Department of State Treasurer
Financial Information
City of Southport