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

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

Municipality Revenues and Expenditures Financial Profile Go to top of page			2008	2007	2006	2005	2004	2003
	Revenues by Source
		Property Tax	$1,364,426	1,254,446	1,161,522	1,256,625	1,310,724	1,098,087
		Utility	8,956,568	8,776,427	9,102,349	7,191,007	7,135,896	6,002,771
		Sales Tax	694,100	697,250	644,209	591,349	533,208	453,224
		Sales & Services	338,022	329,081	636,231	571,930	475,210	446,877
		Intergovernmental	860,118	728,911	2,171,265	503,712	492,728	364,240
		Debt Proceeds	73,264	584,169	1,348,070	124,531	287,663	20,590
		Other Miscellaneous	605,128	746,229	681,242	550,892	342,331	354,842
		Total	$12,891,626	13,116,513	15,744,888	10,790,046	10,577,760	8,740,631

	Expenditures by Function
		Utility	$8,990,926	9,103,947	11,942,384	6,703,911	5,892,780	5,475,410
		Debt Service	389,968	439,371	202,907	257,880	325,813	294,560
		Transportation	236,558	417,431	299,522	324,920	222,883	243,008
		General Government	1,267,819	1,225,523	1,217,932	1,336,089	1,067,054	908,015
		Public Safety	1,503,366	2,099,661	1,217,665	1,217,791	1,023,478	926,362
		Other	398,332	385,835	347,631	287,871	345,509	308,919
		Total	$12,786,969	13,671,768	15,228,041	10,128,462	8,877,517	8,156,274

	Expenditures by Object
		Salaries & Wages	$1,997,147	1,939,310	1,666,561	1,380,421	1,303,859	1,217,220
		Capital Outlay	2,127,498	2,954,983	5,641,929	1,420,258	650,611	327,079
		Other Operating + Debt Service	8,662,324	8,777,475	7,919,551	7,327,783	6,923,047	6,611,975
		Total	$12,786,969	13,671,768	15,228,041	10,128,462	8,877,517	8,156,274


	Per Capita Revenues by Source
		Property Tax	$465	439	434	484	512	433
		Utility	3,053	3,069	3,400	2,771	2,790	2,369
		Sales Tax	237	243	241	229	208	179
		Sales & Services	115	115	238	220	186	176
		Intergovernmental	293	255	811	194	193	144
		Debt Proceeds	25	204	504	48	112	8
		Other Miscellaneous	206	261	254	212	134	140
		Total	$4,394	4,586	5,882	4,158	4,135	3,449

	Per Capita Expenditures by Function
		Utility	$3,064	3,183	4,461	2,583	2,304	2,161
		Debt Service	133	154	76	99	127	116
		Transportation	81	146	112	125	87	96
		General Government	432	428	454	516	417	358
		Public Safety	512	734	455	469	400	366
		Other	136	135	130	111	135	122
		Total	$4,358	4,780	5,688	3,903	3,470	3,219

	Per Capita Expenditures by Object
		Salaries & Wages	$681	678	623	532	510	480
		Capital Outlay	725	1,033	2,108	547	254	129
		Other Operating	2,952	3,069	2,957	2,824	2,706	2,610
		Total	$4,358	4,780	5,688	3,903	3,470	3,219

	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	21	20	20	20	19	20
		Average Population In Group	5,139	5,149	5,074	4,832	4,875	5,080
		City of Southport Population	2,934	2,860	2,677	2,595	2,558	2,534
	Group Average Per Capita Revenues by Source
		Property Tax	280	301	285	282	274	267
		Utility	1,888	1,895	1,850	1,792	1,806	1,724
		Sales Tax	146	162	152	152	142	121
		Sales & Services	133	120	119	117	119	126
		Intergovernmental	186	220	226	301	300	255
		Debt Proceeds	153	124	54	43	40	34
		Other Miscellaneous	201	184	125	98	126	113
		Total	2,987	3,006	2,811	2,785	2,807	2,640

	Group Average Per Capita Expenditures by Function
		Utility	1,755	1,700	1,712	1,726	1,753	1,734
		Debt Service	135	109	99	99	98	107
		Transportation	120	148	136	140	135	122
		General Government	148	181	163	174	180	166
		Public Safety	410	405	362	361	331	303
		Other	368	365	329	260	250	243
		Total	2,936	2,908	2,801	2,760	2,747	2,675

	Group Average Per Capita Expenditures by Object
		Salaries & Wages	602	595	593	595	576	520
		Capital Outlay	432	375	348	289	265	363
		Other Operating	1,902	1,938	1,860	1,876	1,906	1,792
		Total	2,936	2,908	2,801	2,760	2,747	2,675


General Fund Go to top of page			2008	2007	2006	2005	2004	2003
	General Fund revenues		$3,711,018	3,550,597	3,497,921	3,329,856	2,961,083	2,488,858
	General Fund expenditures		3,564,003	4,288,657	3,158,811	3,181,980	2,670,248	2,461,122
	Operating transfers in		-	-	-	256,533	-	96,141
	Operating transfers out		-	-	-	-	166,122	7,000
	Capital leases and installment purchase proceeds		16,670	380,451	58,201	22,332	224,201	20,590
	Other items		-	-	-	-	-	-
	Excess of revenues and other sources over (under) expenditures and other uses		163,685	(357,609)	397,311	426,741	348,914	137,467

	Fund balance available (FBA):
		In dollars	$1,990,982	1,811,383	2,171,041	1,821,341	1,389,957	1,019,407
		FBA as a % of GF Net Expenditures:
		Unit's FBA %	56.13	46.35	70.02	57.64	53.21	41.65
		Group weighted average FBA %	39.94	37.68	39.10	38.19	38.97	39.36
		State weighted average Electric Group	35.36	34.02	35.69	36.30	36.12	34.92
		State weighted average FBA %	36.20	36.37	36.31	36.76	36.35	36.06


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

	Combined financial results:
		Working capital	$2,359,742	2,519,788	2,703,669	2,971,411	2,771,573	2,229,660
		Quick ratio	4.22	3.09	3.47	5.28	8.63	5.28
		Net income	2,296,200	1,526,595	4,699,630	965,292	1,417,328	493,337
		Cashflow from operations	(59,974)	638,977	569,247	1,082,606	345,837	490,384
		Depreciation & Amortization Expense	494,380	437,900	393,494	349,666	322,117	311,564



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

		Population at July 1st of the Previous Year	2,934	2,860	2,677	2,595	2,558	2,534
		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	$5,960,879	6,333,003	6,678,446	5,004,204	3,994,862	3,375,522
		Investment Earnings	212,390	310,784	192,877	87,751	18,949	29,813
		Tax Rate Equivalent	0.0236	0.0669	0.0453	0.0215	0.0049	0.0110
		Tax Rate Equivalent Group weighted average	0.0548	0.0722	0.0561	0.0317	0.0186	0.0285
		Tax Rate Equivalent Statewide weighted average	0.0524	0.0920	0.0573	0.0415	0.0340	0.0332
		Latest year of Revaluation	2007	2003	2003	2003	2003	1999
		January 1, Prior Year Assessed Valuation	$899,551,924	464,354,217	425,860,949	408,520,332	390,052,230	271,657,462
		Tax Rate	0.1500	0.2700	0.2700	0.3000	0.3300	0.4000
		Tax Rate Group weighted average	0.3834	0.4066	0.4094	0.4079	0.4137	0.4341
		Tax Rate State Wide	0.4254	0.4455	0.4321	0.4448	0.4566	0.4594
		Assessment -to-Sales Ratio	99.29	62.50	80.00	87.38	100.00	81.22
		Assessment -to-Sales Ratio Group weighted average	86.68	89.35	90.83	92.37	92.16	86.98
		Assessment -to-Sales Ratio Statewide	88.52	88.41	92.28	92.35	92.18	89.54
		Assessed Valuation Adjusted for Assesment to Sales Ratio	$905,984,413	742,966,747	532,326,186	467,521,552	390,052,230	334,471,143
		EffectiveTax Rate	0.1489	0.1688	0.2160	0.2621	0.3300	0.3249
		Group weighted average Effective Tax Rate	0.3323	0.3633	0.3719	0.3768	0.3812	0.3776
		Statewide weighted average Effective Tax Rate	0.3765	0.3939	0.3987	0.4108	0.4209	0.4113
		Percent Collected	96.92	97.67	98.04	97.68	97.40	96.76
		Percent Collected Group weighted average	96.74	96.00	95.42	95.70	95.36	95.32
		Percent Collected Statewide	97.97	97.59	97.55	97.42	97.31	96.96
		Percent Collected Excluding Motor Vehicles	97.24	98.23	98.62	98.33	98.15	98.33
		Percent Collected Excluding Motor Vehicles Group weighted average	97.21	97.38	96.96	97.08	96.15	97.01
		Percent Collected Excluding Motor Vehicles Statewide weighted average	98.66	98.59	98.61	98.36	98.26	98.31
		Percent Collected Motor Vehicles Only	88.35	87.87	88.51	85.75	84.12	76.41
		Percent Collected Motor Vehicles Only Group weighted average	81.36	82.28	80.71	81.62	91.46	83.14
		Percent Collected Motor Vehicles Only Statewide weighted average	86.74	86.71	86.80	87.31	87.62	86.69
		Tax Uncollected	5,846	29,331	22,573	28,803	33,577	35,067
		Tax Rate Equivalent	0.0006	0.0063	0.0053	0.0071	0.0086	0.0129
		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	$123,500	180,500	252,000	322,500	392,000	460,500
		General Government GO Debt	0	0	0	0	0	0
		Total General Obligation Debt	123,500	180,500	252,000	322,500	392,000	460,500
		Per Capita	$42	63	94	124	153	182
		Total Per Capita for the Population Group	152	149	162	162	159	#N/A
		Total Per Capita Statewide	456	478	495	505	548	#N/A
		Total per Assessed Valuation Adjusted for Current Year Sales	0.0136%	0.0243%	0.0473%	0.0690%	0.1005%	0.1377%
		Total per Assessed Valuation Adjusted for Current Year Sales- Group Average	0.1101%	0.1223%	0.1565%	0.1724%	0.1878%	#N/A
		Total per Assessed Valuation Adjusted for Current Year Sales - Statewide	0.4131%	0.4706%	0.5275%	0.5588%	0.6442%	#N/A
		Total Authorized but not Issued General Obligation Debt

		Installment Sales Purchases and Lease Obligations
		--Enterprise	$0	0	0	0	0	0
		--General Government	0	0	0	0	0	228,065
		Total*	$0	0	0	0	0	228,065
		* The total only includes the contracts that require Local Government Commission approval.
		Revenue Bond Debt	$1,229,103	1,296,771	0	0	0	0


Annual Financial Information Report Detail Go to top of page
Line	Section	Description	2008	2007	2006	2005	2004	2003
	Population at July 1st of the Previous Year Adjusted for Boundry Changes		2,934	2,860	2,677	2,595	2,558	2,534

1A	Non GASB34	General Fund Assets						1,401,902
1B	FISCAL	General Fund Liabilities						125,097
2A	SUMMARY	Debt-service Assets
2B		Debt service Liabilities
3A		Enterprise Assets						10,360,376
3B		Enterprise Liabilities						907,453
4A		Internal Service Assets
4B		Internal service Liabilities
5A		Special Revenue Assets						61,949
1.5A	GASB34	Governmental Activities Assets	8,833,958	8,534,517	5,594,828	4,981,950	4,417,639
1.5B	FISCAL	Governmental Activities Liabilities	456,159	654,243	381,621	338,973	463,334
3.5A	SUMMARY	Business Type Activities Assets	22,428,701	20,707,875	19,107,552	12,869,868	11,572,515
3.5B		Business Type Activities Liabilties	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						11,652
6A		Trust & Agency Assets
6B		Trust & Agency Liabilities
7A		Capital Project Assets
7B		Capital Project Liabilities
8A		General Fixed Assets						4,352,454
9B		General Long term debt - Liabilities						353,598
10	PART 2	Current collections of unit-wide levy	1,332,144	1,230,277	1,127,999	1,224,327	1,259,420	1,048,700
11	TAX	Current collection of special tax districts
12	REVENUES	Prior years' levy collections	25,371	23,644	23,627	21,244	36,253	38,132
13		Penalties and interest	6,911	525	9,896	11,054	15,051	11,255
14		Collection of taxes previously written off
15		Animal tax	2,407	3,255	4,350	4,400	4,000	4,390
16		1% Local government sales and use tax	277,892	289,103	311,024	239,681	236,261	202,943
17		1/2% Local government sales and use taxes (Article 40)	145,181	140,609	122,691	106,535	100,695	103,772
18		1/2% Local government sales and use taxes (Article 42)	143,625	139,014	90,536	136,130	99,311	102,791
18.5		1/2% Local government sales and use taxes (Article 44)	127,402	128,524	119,958	109,003	96,941	43,718
19		Licenses Privilege					18,033	11,581
19.1		Privilege - Occupational & business licensing & permit taxes	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	20,812
23		Local occupancy tax	13,145	12,187	13,385	20,835	28,879	28,556
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			95,969		31,999
31		Transportation - Streets
32		Transportation - All other
33		Utility franchise tax
34		Housing/community development				7,986		18,246
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
42		Wireless Enhanced 911 Service Charges
43		Piped Natural Gas Charge Distribution
44		Utility franchise tax	250,792	187,699	175,042	155,383	145,171	142,375
45		Beer and Wine tax	13,174	12,097	11,462	11,322		10,422
46		Powell Bill	116,932	100,870	100,262	100,044	88,213	95,409
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	220
51		General Government				164,139	25,854
52		Public safety	51,219	41,839	64,542	35,900		21,061
53		Transportation - Streets
54		Transportation - All other
55		Environmental protection			1,686,000			15,000
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						5,060
61	LOCAL	LOCAL Payment in lieu of taxes
62	INTERGOV	General government
63	REVENUES	Public safety	428,001	386,406	37,855	28,883	22,991	56,447
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	106,371	107,743	183,356	150,220	95,194	90,412
72	& FEES	Inspection fees	2,560	4,155
72.1		Amusements licensing and permit taxes
73		Other permits	23,010	14,203
74	SALES &	Parking revenues
75	SERVICES	Rents and royalties	130,643	127,856	138,787	123,015	126,973	69,555
76		Airport
77		Fire protection charges	17,000	17,000	335,667	302,237	293,667	277,996
78		Solid waste	91,863	88,450	84,966	80,242		76,104
79		Ambulance and rescue squad charges	67,897	59,997	22,170	28,615	17,000
80		Cemeteries	13,989	19,735	17,545	10,215	16,290	6,660
81		Recreation service revenues	16,630	16,043	15,196	12,786	14,176	11,025
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	5,537
86	UTILITY	Water and sewer charges	2,842,234	2,553,334	2,843,788	2,101,914	2,229,364	1,237,238
87	REVENUES	Electric charges	6,111,684	6,205,918	6,253,261	5,082,731	4,906,532	4,765,533
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	212,390	310,784	192,877	87,751	18,949	29,813
91		Special assessments				21,250
92		Private contribution and donations	7,822	9,615	16,528	16,463	18,544	53,477
93		Sales of materials and fixed assets	5,209	1,739	16,303	9,852		5,911
94		Sales of real property
95		Nongovernment contributions for streets and traffic signals				22,875
96		Mixed drink surcharge	31,940	29,406	31,361	29,266	13,587	79,369
97		ABC profit distribution	141,080	130,289	116,417	117,765	93,328	16,772
98		Other miscellaneous revenues	33,322	37,233	52,280	29,571	29,955	13,749
99		Proceeds of the sale of bonds and notes			1,289,869	19,207
100		Proceeds of capital leases and installment purchases	73,264	584,169	58,201	105,324	287,663	20,590
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	-32,188
106		Deposits other than utility
107		Prepaid taxes	103	-10,097	8,879	1,320	-1,856	1,690
108		Prepaid privilege licenses
109A	PART 4	Governing body - Salaries	32,441	35,924	33,010	25,690	9,600	9,600
109B	GENERAL	Governing body - All other Direct	148,825	118,697	169,704	155,308	130,385	115,529
109C	GOVT	Governing body - Construction
109D		Governing body - Land, Equipment and Existing Structures			8,094	8,795
110A		Administration - Salaries	209,202	217,731	192,753	151,267	138,758	129,395
110B		Administration - All other Direct	218,104	227,691	225,156	206,541	193,792	162,535
110C		Administration - Construction
110D		Administration - Land, Equipment and Existing Structures			15,363	12,381		10,591
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	77,656	76,822	64,987	68,495	54,627	56,658
115B		Public Buildings - All other Direct	216,125	278,134	239,152	229,590	258,653	223,060
115C		Public Buildings - Construction				217,164
115D		Public Buildings - Land, Equipment, and Existing Structures	76,956	7,198	12,345	51,253	64,353	5,552
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	49,917	53,571	34,774	21,167	40,103	43,779
117B		Central Facilities - All other Direct	60,861	63,217	55,928	52,588	57,251	57,973
117C		Central Facilites - Construction
117D		Central Facilites - Land, Equipment, and Existing Structures	5,292		5,653	9,368
118A		General Government All Other - Salaries	74,819	71,384	36,556	49,648	59,323	31,832
118B		General Government All Other - All other Direct	97,621	75,154	97,245	76,834	60,209	61,511
118C		General Government All Other - Construction
118D		General Government All Other - Land, Equipment, and Existing Structures			26,192
119A	PUBLIC	Police and Communications - Salaries	462,792	423,042	383,579	320,907	364,127	324,021
119B	SAFETY	Police and Communications - All other Direct	323,510	301,384	241,970	192,411	217,730	278,464
119C		Police and Communications - Construction
119D		Police and Communications - Land, Equipment and Existing Structures	20,607	17,812	46,149	22,332	22,181	23,088
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	48,531	48,319	27,383	1,980	7,045	1,500
122B		Fire - All other Direct	170,349	211,710	138,536	173,405	137,031	76,238
122C		Fire - Construction	47,719
122D		Fire - Land, Equipment, and Existing Structures		646,097	8,798	213,203	38,678
123A		Inspectors - Salaries	138,809	130,448	118,886	108,406	91,529	82,021
123B		Inspectors - All other Direct	91,737	90,802	76,654	84,749	65,169	61,907
123C		Inspectors - Construction
123D		Inspectors - Land, Equipment, and Existing Structures		23,989
124A		Rescue Units - Salaries	75,868	70,980	32,966	1,980	1,980	1,500
124B		Rescue Units - All other Direct	86,537	99,525	84,477	57,632	61,925	62,425
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	89,143	89,045	82,647	69,493	65,681	57,265
128B		Streets and Highways - All other Direct	111,434	144,633	127,031	102,899	100,993	85,785
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	35,981	85,399	76,619	136,658	56,209	99,958
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	91,248	83,222	109,355	91,737		82,243
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	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						25,551
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	140,206	126,679	92,432	65,034	58,736	90,103
153B	RECREATION	Recreation and Parks - All other Direct	115,785	149,909	86,637	96,993	84,523	111,022
153C		Recreation and Parks - Construction
153D		Recreation and Parks - Land, Equipment, and Existing Structures	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	414,855	427,194	415,326	367,199	301,974	282,632
158B		Water and Sewer - All other Direct	1,107,425	1,167,216	900,699	889,128	876,362	815,122
158C		Water and Sewer - Construction	475,001	31,550	2,010,743	592,002
158D		Water and Sewer - Land, Equipment, and Existing Structures	398,950	908,646	2,210,290		423,471	140,522
159A		Electric Power - Salaries	182,908	168,171	151,262	129,155	110,376	106,914
159B		Electric Power - All other Direct	5,359,268	5,203,654	5,055,350	4,460,942	4,095,242	3,982,894
159C		Electric Power - Construction			1,198,714	265,485
159D		Electric Power - Land, Equipment, and Existing Structures	1,052,519	1,197,516			85,355	147,326
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	47,026	58,813	22,530	26,111	30,319	37,903
161D	SERVICE	Water and Sewer - Debt Service Principal Payments	177,870	213,207	104,316	84,610	92,413	67,965
162B		Electric - Debt Service Interest Payments	556			287	560	820
162D		Electric - Debt Service Principal Payments	6,588	7,144		5,793	5,520	5,260
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	13,736	5,423	5,538	8,475	10,708	18,825
166D		All Other - Debt Service Principal Payments	144,192	154,784	70,523	132,604	186,293	163,787
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	13,253
170B		Separation Allowance - Other Employees - (B)
171B		Supplemental Retirement Income Plan for Law Enforcement Officers - (B)	22,449	21,095	16,653	15,128	16,083	15,198
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	1,325,084	1,192,045	1,084,602	1,178,131	1,224,231	1,006,480
180	OTHER	Current Year Levy Motor Vehicles Only	49,329	67,563	65,969	64,259	68,766	77,287
181	DATA	Uncollected Taxes - Current Year's Levy - Excluding Motor Vehicles	36,519	21,134	14,996	19,646	22,659	16,836
182		Uncollected Taxes - Current Year's Levy - Motor Vehicles	5,749	8,197	7,577	9,157	10,918	18,231
183		Percentage of Taxes Collected - Current Year All Property	96.92	97.67	98.04	97.68	97.40	96.76
184		Percentage of Taxes Collected - Current Year - Excluding Motor Vehicles	97.24	98.23	98.62	98.33	98.15	98.33
185		Percentage of Taxes Collected - Current Year - Motor Vehicles	88.35	87.87	88.51	85.75	84.12	76.41
186		Total Amount of Expenditures for Salaries and Wages to Unit's Own Personnal
187A		Capital Reserve or Available Funds - Schools - July 1, Previous Year
187B		Capital Reserve or Available Funds - Schools - June 30, Current Year
188A		Capital Reserve or Available Funds - Hospitals - July 1, Previous Year
188B		Capital Reserve or Available Funds - Hospitals - June 30, Current Year
189A	PART 7	Cash on Hand and in Bank, and Securities - Held in Debt Service Fund
189B	CASH &	Cash on Hand and in Bank, and Securities - Construction Bond Fund - Unexpended bond proceeds
189C	INVEST	Cash on Hand and in Bank, and Securities - All Other	5,960,879	6,333,003	6,678,446	5,004,204	3,994,862	3,375,522
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	13,072,833	13,116,513	15,744,888	11,070,513	10,743,882	8,747,631
194B	FISCAL	Amounts - Subtract proceeds of refunding debt
194C	SUMMARY	Amounts - Subtract interfund transfers in	181,207			280,467	166,122	7,000
194D		Amounts - Net Revenues per AFIR	12,891,626	13,116,513	15,744,888	10,790,046	10,577,760	8,740,631
		Calculated amount	12,891,626	13,116,513	15,744,888	10,790,046	10,577,760	8,740,631
		Amounts in AGREEMENT??	Yes	Yes	Yes	Yes	Yes	Yes
		Difference
195A		Amounts - Total Expenditures and other financing sources per audit	12,968,176	13,671,768	15,228,041	10,408,929	9,043,639	8,163,274
195B		Amounts - Subtract payments to refunding debt escrow agent
195C		Amounts - Subtract interfund transfers out	181,207			280,467	166,122	7,000
195D		Amounts Net Expenditures per AFIR	12,786,969	13,671,768	15,228,041	10,128,462	8,877,517	8,156,274
		Calculated amount	12,786,969	13,671,768	15,228,041	10,128,462	8,877,517	8,156,274
		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	11/24/2008	12/19/2007	01/10/2007
953		Person to Contact	Patty B. Miller
954		Title of Person to Contact	Finance Officer
955		Telephone Number	910-457-7900
956		Facsimile Number	910-457-7905

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

	2008	2007	2006	2005	2004	2003

Population	2,934	2,860	2,677	2,595	2,558	2,534
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	$1,715,197	1,613,454	1,437,139	1,378,001	1,238,993	1,051,751
Total Operating Revenues Per Capita	$585	564	537	531	484	415
Group Weighted Average Revenues Per Capita	459	448	428	419	404	402
State Weighted Average Revenues Per Capita	364	367	356	331	308	295

% to Total Operating Revenues
Operating Expenses	107.43%	116.28%	110.52%	109.18%	113.66%	125.11%
Group Weighted Average	91.63%	92.26%	96.27%	96.60%	95.13%	94.80%
State Weighted Average	86.74%	82.44%	81.55%	85.60%	89.13%	90.84%

Operating Margin	-7.43%	-16.28%	-10.52%	-9.18%	-13.66%	-25.11%
Group Weighted Average	8.37%	7.74%	3.73%	3.40%	4.87%	5.20%
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	-9.00%	-5.05%	-5.82%	-4.73%	-3.32%	-8.90%
State Weighted Average	3.96%	-0.78%	-0.58%	-0.79%	-1.21%	-0.99%

Net Income before capital contributions	-8.15%	-15.61%	-1.97%	-9.93%	-16.09%	-28.34%
Group Weighted Average	3.24%	3.60%	-2.93%	0.72%	-2.03%	-4.48%
State Weighted Average	13.45%	11.89%	9.65%	8.63%	2.88%	0.31%

Key Ratios and Cash Flow

Quick Ratio	1.66	0.81	0.86	1.78	1.59	3.59
Group Weighted Average	2.37	2.64	2.19	2.44	2.41	2.86
State Weighted Average	2.95	2.90	2.82	1.81	2.76	3.04

Days Sales in Receivables	47.5	49.9	47.4	44.5	47.7	40.2
Group Weighted Average	48.2	50.1	55.5	56.7	64.8	71.7
State Weighted Average	55.3	59.9	57.8	59.9	65.7	60.0

Days Cash on Hand	38.5	4.2	54.5	48.1	70.6	68.6
Group Weighted Average	217.5	213.5	174.3	171.2	183.7	222.8
State Weighted Average	457.8	497.5	458.0	423.5	407.9	414.8

Cash flow from Operations	$158,619	-24,385	133,540	154,182	50,679	-118,748

Debt to Equity	0.12	0.15	0.18	0.07	0.06	0.07
Group Weighted Average	0.15	0.14	0.16	0.15	0.14	0.16
State Weighted Average	0.56	0.55	0.52	0.52	0.52	0.50

Debt per Capita	502	558	663	167	128	147
Group Weighted Average	360	337	367	349	331	349
State Weighted Average	1,136	1,091	989	929	855	852

Capital Expenditures:	2008	2007	2006	2005	2004	2003
	$873,951	940,196	4,221,033	592,002	423,471	140,522

	2002	2001	2000	1999
	$285,972	235,126	274,060	380,825

Capital Contributions: Excluded from income above	$1,918,104	939,880	3,696,752	744,206	990,371	200,487


Operating Statistics

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

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

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

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

Total Revenue from Water Sales	983,417	994,636	NA	NA	NA	NA
Total Revenue from Sewage Sales	756,108	825,871	NA	NA	NA	NA

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

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

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

Residential Water Sales per thousand Gallons	$5.45020	5.41770	NA	NA	NA	NA
Residential Sewage Sales per thousand Gallons	$8.04541	8.16005	NA	NA	NA	NA

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

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

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

	2008	2007	2006	2005	2004	2003

Population	2,934	2,860	2,677	2,595	2,558	2,534
Power Agency Group	N.C. Easterrn Municipal Power Agency
Total Operating Revenues	$5,716,266	5,732,143	5,610,349	5,038,421	4,906,532	4,735,520
Group Weighted Average	23,671,347	22,937,381	21,737,041	19,645,818	19,658,475	19,102,654

% to Total Operating Revenues
Power Purchases	81.3%	79.9%	78.9%	77.3%	74.0%	74.6%
Group Weighted Average	80.0%	81.0%	81.5%	80.3%	79.6%	79.5%

Other Operating Expenses	18.7%	16.5%	16.1%	15.7%	13.6%	13.8%
Group Weighted Average	16.7%	15.9%	16.3%	17.5%	16.8%	16.5%

Operating Margin	0.0%	3.6%	5.0%	7.0%	12.4%	11.6%
Group Weighted Average	3.3%	3.1%	2.1%	2.2%	3.6%	4.0%

Operating Transfers In/(out)	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Group Weighted Average In/(out)	-1.9%	-2.4%	-1.7%	-2.4%	-2.3%	-2.0%

Net Income	2.1%	6.4%	6.9%	7.9%	12.6%	12.0%
Group Weighted Average	1.9%	1.3%	0.7%	0.4%	1.7%	2.4%

Key Ratios and Cash Flow

Quick Ratio	5.4	3.8	5.3	6.7	24.5	5.6
Group Weighted Average	2.6	25.0	2.9	3.2	3.5	3.4

Coverage Ratio	1.06	1.11	1.11	1.13	1.19	1.19
Group Weighted Average	1.08	1.07	1.06	1.05	1.08	1.09

Days Sales in Receivables	25.2	26.3	29.5	24.1	31.7	25.1
Group Weighted Average	42.6	41.6	42.3	43.7	44.9	42.0

Days Cash on Hand	152.4	208.7	207.5	236.7	193.5	179.6
Group Weighted Average	68.8	62.7	72.7	87.9	90.0	91.3

Cash flow from Operations	-$218,593	663,362	435,707	928,424	295,158	617,650

Capital Expenditures:	$1,052,519	1,197,516	1,198,714	265,485	85,355	147,326


	2008	2007	2006	2005	2004	2003
Capital Contributions: Excluded from Income Above	$395,418	473,776	642,912	44,310	0	30,013

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

	2002	2001	2000	1999	1998
	#VALUE!	#VALUE!	363.00%	0.00%	-4.37%

Gross Electric Fund Assets as Cost	$7,519,598	6,479,028	5,292,605	4,093,891	3,828,406	3,743,052
Estimated Tax Loss from Municipal Ownership of Utility	$11,279	$17,493	14,290	12,282	12,634	14,972
Tax Rate Equivalent	0.0013	0.0038	0.0034	0.0030	0.0032	0.0055

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	0.1489	0.1688	0.2160	0.2621	0.3300	0.3249

Tax Rate Adjusted Excluding Transfers	0.1489	0.1688	0.2160	0.2621	0.3300	0.3249

Weighted Average Group Rate Adjusted	0.3323	0.3633	0.3719	0.3768	0.3812	0.3776

Weighted Average Non Electric Adjusted Rate	0.2438	0.2610	0.2921	0.3093	0.3354	0.3376

Financial Graphs and Comparisons

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

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Analysis of Available Fund Balance: General Fund

	2004	2005	2006	2007	2008
Unit's FBA %	53.21%	57.64%	70.02%	46.35%	56.13%
Group average FBA %	38.97%	38.19%	39.10%	37.68%	39.94%
State average Electric/Non Electric Group FBA %	36.12%	36.30%	35.69%	34.02%	35.36%
State average FBA %	36.35%	36.76%	38.97%	36.37%	36.20%

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

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2004 2005 2006 2007 2008

Municipality 97.40% 97.68% 98.04% 97.67% 96.92%

Pop. Group 95.36% 95.70% 95.42% 96.00% 96.74%

Statewide 97.31% 97.42% 97.55% 97.59% 97.97%

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

	2004	2005	2006	2007	2008
Municipality	97.40%	97.68%	98.04%	97.67%	96.92%
Pop. Group	95.36%	95.70%	95.42%	96.00%	96.74%
Statewide	97.31%	97.42%	97.55%	97.59%	97.97%

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

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2004 2005 2006 2007 2008

Municipality 153 124 94 63 42

Pop. Group 159 162 162 149 152

Statewide 548 505 495 478 456

Municipal Population Group: 2,500 to 4,999

	2004	2005	2006	2007	2008
Municipality	153	124	94	63	42
Pop. Group	159	162	162	149	152
Statewide	548	505	495	478	456

Municipal Population Group: 2,500 to 4,999

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2004 2005 2006 2007 2008

Property Tax $512 484 434 439 465

Utility 2,790 2,771 3,400 3,069 3,053

Sales Tax 208 229 241 243 237

Sales & Services 186 220 238 115 115

Intergovernmental 193 194 811 255 293

Debt Proceeds 112 48 504 204 25

Other Miscellaneous 134 212 254 261 206

Total $4,135 4,158 5,882 4,586 4,394

	2004	2005	2006	2007	2008
Property Tax	$512	484	434	439	465
Utility	2,790	2,771	3,400	3,069	3,053
Sales Tax	208	229	241	243	237
Sales & Services	186	220	238	115	115
Intergovernmental	193	194	811	255	293
Debt Proceeds	112	48	504	204	25
Other Miscellaneous	134	212	254	261	206
Total	$4,135	4,158	5,882	4,586	4,394

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2008
2008

Category Revenue
Per Capita

Property Tax $1,364,426
$465

Water/Sewer 2,842,234
969

Electric 6,111,684
2,083

Other Utilities 2,650
1

Sales Tax 694,100
237

Sales & Services 338,022
115

Intergovernment 860,118
293

Debt Proceeds 73,264
25

Miscellaneous 605,128
206

Total $12,891,626
$4,394

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

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2008
2008

Category Expenditures
Per Capita

General Government $1,267,819
$432

Water/Sewer 2,396,231
817

Electric 6,594,695
2,248

Other Utilities 0
0

Debt Service 389,968
133

Transportation 236,558
81

Public Safety 1,503,366
512

Other 398,332
136

Total $12,786,969
$4,358

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

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2008
2008

Category Expenditures
Per Capita

Salaries & Wages $1,997,147
$681

Water/Sewer Capital 873,951
298

Electric Capital 1,052,519
359

Other Capital 201,028
69

Other Operating 8,662,324
2,952

Total $12,786,969
$4,358

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

Last Updated 8/27/2009 8:11:46 AM



	2008	2008
Category	Revenue	Per Capita
Property Tax	$1,364,426	$465
Water/Sewer	2,842,234	969
Electric	6,111,684	2,083
Other Utilities	2,650	1
Sales Tax	694,100	237
Sales & Services	338,022	115
Intergovernment	860,118	293
Debt Proceeds	73,264	25
Miscellaneous	605,128	206
Total	$12,891,626	$4,394

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