North Carolina
Department of State Treasurer
Financial Information
Town of Sunset Beach



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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200920082007200620052004

Revenues by Source







Property Tax$2,246,729 2,798,595 1,549,989 1,333,651 1,263,351 1,113,978


Utility - - 1,365,860 1,271,301 1,166,342 1,109,254


Sales Tax 719,082 724,977 575,869 528,495 454,667 408,799


Sales & Services 829,348 522,646 530,944 509,608 465,377 436,595


Intergovernmental 391,219 377,779 337,978 456,384 311,555 285,896


Debt Proceeds - - - - 3,100,000 -


Other Miscellaneous 1,774,697 1,690,629 1,932,247 1,744,861 1,479,052 1,582,161


Total$5,961,075 6,114,626 6,292,887 5,844,300 8,240,344 4,936,683










Expenditures by Function







Utility$0 - 838,956 945,155 1,631,358 737,268


Debt Service 492,171 398,784 792,163 640,483 253,964 154,989


Transportation 344,457 352,936 245,590 143,555 454,382 397,473


General Government 1,029,679 1,287,483 895,951 1,005,186 1,516,753 946,965


Public Safety 2,288,568 2,746,540 1,773,404 2,357,836 2,384,790 1,351,134


Other 2,118,511 223,711 340,806 331,585 394,615 222,543


Total$6,273,386 5,009,454 4,886,870 5,423,800 6,635,862 3,810,372










Expenditures by Object







Salaries & Wages$2,763,273 2,398,173 2,120,076 2,031,824 1,890,828 1,865,829


Capital Outlay 2,109,883 1,186,439 322,467 1,132,266 2,638,558 278,324


Other Operating + Debt Service 1,400,230 1,424,842 2,444,327 2,259,710 2,106,476 1,666,219


Total$6,273,386 5,009,454 4,886,870 5,423,800 6,635,862 3,810,372



















Per Capita Revenues by Source







Property Tax$662 850 508 603 636 566


Utility - - 447 575 588 564


Sales Tax 211 219 188 240 229 209


Sales & Services 244 159 174 230 234 222


Intergovernmental 115 115 111 206 157 145


Debt Proceeds - - - - 1,562 -


Other Miscellaneous 523 513 633 789 745 804


Total$1,755 1,856 2,061 2,643 4,151 2,510










Per Capita Expenditures by Function







Utility$0 - 275 427 822 375


Debt Service 145 121 259 290 128 79


Transportation 101 107 80 65 229 202


General Government 303 391 293 455 764 481


Public Safety 674 834 581 1,066 1,201 687


Other 624 68 112 150 199 113


Total$1,847 1,521 1,600 2,453 3,343 1,937










Per Capita Expenditures by Object







Salaries & Wages$814 728 694 919 953 949


Capital Outlay 621 360 106 512 1,329 141


Other Operating 412 433 800 1,022 1,061 847


Total$1,847 1,521 1,600 2,453 3,343 1,937










Population GroupNo Electric 2,500 to 9,999 No Electric 2,500 to 9,999 No Electric 2,500 to 9,999 No Electric 1,000 to 2,499 No Electric 1,000 to 2,499 No Electric 1,000 to 2,499


Number of Municipalites in Group 119 117 120 103 102 106


Average Population In Group 4,614 4,782 4,848 1,638 1,648 1,644


Town of Sunset Beach Population 3,396 3,294 3,054 2,211 1,985 1,967

Group Average Per Capita Revenues by Source







Property Tax 345 342312348331319


Utility 313 319316391374340


Sales Tax 140 162158179172157


Sales & Services 86 8279727164


Intergovernmental 184 184176246220257


Debt Proceeds 212 1761091708982


Other Miscellaneous 105 127161160125137


Total 1,385 1,3921,3111,5661,3821,356










Group Average Per Capita Expenditures by Function







Utility 415 381334487425445


Debt Service 101 1059710810786


Transportation 95 113112131132139


General Government 185 172160221193174


Public Safety 317 325312326294315


Other 218 235237206170159


Total 1,331 1,3311,2521,4791,3211,318










Group Average Per Capita Expenditures by Object







Salaries & Wages 430 425408402397376


Capital Outlay 320 287254373283317


Other Operating 581 619590704641625


Total 1,331 1,3311,2521,4791,3211,318


















General Fund
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200920082007200620052004

General Fund revenues$5,923,696 6,037,842 4,805,930 4,480,823 3,916,909 3,794,540

General Fund expenditures 6,273,386 4,965,750 3,577,246 3,421,007 2,981,549 2,776,584

Operating transfers in - 685,382 2,152,905 190,000 - -

Operating transfers out 570,000 456,000 356,000 174,963 373,458 70,000

Capital leases and installment purchase proceeds - 485,000 - - - -

Other items - - - - - -

Excess of revenues and other sources over (under) expenditures and other uses (919,690) 1,786,474 3,025,589 1,074,853 561,902 947,956










Fund balance available (FBA):







In dollars$7,136,575 8,033,034 6,238,861 3,246,296 2,252,957 1,692,010


FBA as a % of GF Net Expenditures:







Unit's FBA %104.28162.72158.6290.2867.1559.44


Group weighted average FBA %70.0865.0764.3164.5869.6470.93


State weighted average Non-Electric Group37.7736.6337.3837.3836.8236.42


State weighted average FBA %37.0036.3436.5536.9636.7836.35

















Enterprise Funds:
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None













Combined financial results:







Working capital







Quick ratio







Net income







Cashflow from operations







Depreciation & Amortization Expense































Cash, Investments and Financing
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200920082007200620052004











Population at July 1st of the Previous Year3,3963,2943,0542,2111,9851,967


Population GroupNo Electric 2,500 to 9,999 No Electric 2,500 to 9,999 No Electric 2,500 to 9,999 No Electric 1,000 to 2,499 No Electric 1,000 to 2,499 No Electric 1,000 to 2,499


Cash &Investments$9,774,128 9,914,182 8,100,817 6,738,384 5,479,521 4,999,609


Investment Earnings17,304 10,564 12,516 26,109 113,212 45,332


Tax Rate Equivalent0.00070.00040.00120.00250.01120.0049


Tax Rate Equivalent Group weighted average0.01290.02960.04390.02830.01640.0094


Tax Rate Equivalent Statewide weighted average0.01330.05240.09200.05730.04150.0340


Latest year of Revaluation
20072003200320032003


January 1, Prior Year Assessed Valuation$2,515,191,825 2,445,154,578 1,076,000,764 1,029,909,780 1,007,566,685 929,247,823


Tax Rate0.09000.11500.14500.13000.13000.1200


Tax Rate Group weighted average0.27100.26820.31260.32970.33060.3386


Tax Rate State Wide0.42670.42430.44520.43210.44480.4566


Assessment -to-Sales Ratio98.0799.2962.5080.0087.38100.00


Assessment -to-Sales Ratio Group weighted average92.2190.9283.4785.7186.8287.25


Assessment -to-Sales Ratio Statewide90.8188.5288.4192.2892.3592.18


Assessed Valuation Adjusted for Assesment to Sales Ratio$2,564,690,349 2,462,639,317 1,721,601,222 1,287,387,225 1,153,086,158 929,247,823


EffectiveTax Rate0.08830.11420.09060.10400.11360.1200


Group weighted average Effective Tax Rate0.24990.24380.26100.28260.28700.2954


Statewide weighted average Effective Tax Rate0.38750.37560.39360.39870.41080.4209


Percent Collected98.3699.4199.7099.3099.4399.43


Percent Collected Group weighted average97.2096.7296.7696.9496.8496.44


Percent Collected Statewide97.7897.6497.5997.5597.4297.31


Percent Collected Excluding Motor Vehicles98.4399.4999.8599.4699.5899.59


Percent Collected Excluding Motor Vehicles Group weighted average97.5598.0898.0097.7697.8597.87


Percent Collected Excluding Motor Vehicles Statewide weighted average98.3198.6598.5998.6198.3698.39


Percent Collected Motor Vehicles Only 94.8494.8293.9293.3293.9292.58


Percent Collected Motor Vehicles Only Group weighted average85.1585.7586.0485.5486.2284.36


Percent Collected Motor Vehicles Only Statewide weighted average 86.6686.7486.7186.8087.3187.46


Tax Uncollected2,230 16,446 4,699 9,399 7,187 6,363


Tax Rate Equivalent0.00010.00070.00040.00090.00070.0007


Dominant County: Brunswick






Debt Information








Population Group2,500 to 4,9992,500 to 4,9992,500 to 4,9991,000 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 0


General Government GO Debt0 0 0 0 0 0


Total General Obligation Debt0 0 0 0 0 0


Per Capita$0 0 0 0 0 0


Total Per Capita for the Population Group158 152 149 297 306 297


Total Per Capita Statewide455 456 478 495 505 548


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


Total per Assessed Valuation Adjusted for Current Year Sales- Group Average0.1078%0.1101%0.1223%0.2606%0.2847%0.2930%


Total per Assessed Valuation Adjusted for Current Year Sales - Statewide0.3909%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 Government1,860,000 2,170,000 2,480,000 2,790,000 3,100,000 0


Total*$1,860,000 2,170,000 2,480,000 2,790,000 3,100,000 0


* The total only includes the contracts that require Local Government Commission approval.




Revenue Bond Debt $0 0 0 125,960 251,921 377,881


















Annual Financial Information Report Detail
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LineSectionDescription200920082007200620052004

Population at July 1st of the Previous Year Adjusted for Boundry Changes3,3963,2943,0542,2111,9851,967









1ANon GASB34General Fund Assets





1BFISCAL General Fund Liabilities





2ASUMMARYDebt-service Assets





2B
Debt service Liabilities





3A
Enterprise Assets





3B
Enterprise Liabilities





4A
Internal Service Assets





4B
Internal service Liabilities





5A
Special Revenue Assets





1.5AGASB34Governmental Activities Assets17,178,93415,597,63113,089,4559,681,9618,410,7154,406,229
1.5BFISCAL Governmental Activities Liabilities2,624,4822,859,6892,687,4663,059,6873,282,358157,812
3.5ASUMMARYBusiness Type Activities Assets


5,043,3674,993,6404,811,603
3.5B
Business Type Activities Liabilties


595,726753,181931,445
6.5A
Fiduciary Funds Assets47,69036,04625,69063,09051,38742,813
6.5B
Fiduciary Funds Liabilties

38,93739,03129,59532,056
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





10PART 2Current collections of unit-wide levy2,228,4012,793,8391,538,5201,328,8151,256,6681,110,990
11TAXCurrent collection of special tax districts





12REVENUESPrior years' levy collections14,0461,8688,0861,9434,071551
13
Penalties and interest4,2822,8883,3832,8932,6122,437
14
Collection of taxes previously written off





15
Animal tax





15.1
Solid Waste Disposal Tax





16
1% Local government sales and use tax324,621289,680238,774229,909207,779181,099
17
1/2% Local government sales and use taxes (Article 40)151,888151,956116,131100,62382,00077,214
18
1/2% Local government sales and use taxes (Article 42)150,032150,331114,81499,52981,08076,154
18.5
1/2% Local government sales and use taxes (Article 44)92,541133,010106,15098,43483,80874,332
19
Licenses Privilege




420
19.1
Privilege - Occupational & business licensing & permit taxes450405405435390
19.2
Privilege -- All other privileges and pemits





20
General Municipal Vehicle Tax





21
Vehicle Tax for Public Transportation





22
Other licenses - Include CATV46,32337,85514,02015,026

23
Local occupancy tax854,579942,740921,394905,099801,930816,233
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





30
Public safety


11,26510,500
31
Transportation - Streets





32
Transportation - All other





33
Utility franchise tax


124,898

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 tax





41REVENUESIntangibles tax reimbursement + Transistional Hold Harmless Revenues





42
Wireless Enhanced 911 Service Charges





43
Piped Natural Gas Charge Distribution





44
Utility franchise tax241,331224,832222,144204,463183,244176,756
45
Beer and Wine tax14,79314,0669,9919,4668,7078,358
46
Powell Bill135,095138,881105,578104,767101,27396,525
47
Food stamp purchases tax reimbursement





48
Inventories tax reimbursements





49
Senior Citizens Exemption - 50%





50
Court fees - Facilities and arrest fees





51
General Government





52
Public safety





53
Transportation - Streets





54
Transportation - All other





55
Environmental protection

2651,5257,8314,257
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





61LOCALLOCAL Payment in lieu of taxes





62INTERGOVGeneral government





63REVENUESPublic safety





64
Transportatin - Streets





65
Transportation - All other





66
Environmental protection





67
Economic and physical development





68
Human Services: Health, Mental Health & Hosp





69
Human Services: All Other





70
Culture and recreation





71PERMITS Building permits162,594249,061413,490463,371430,943254,822
72& FEESInspection fees1,6003,3008,7509,0509,8304,740
72.1
Amusements licensing and permit taxes





73
Other permits3,0054,2756,0254,1803,0152,160
74SALES &Parking revenues





75SERVICESRents and royalties

29,51928,65914,44312,726
76
Airport





77
Fire protection charges823,334517,348495,819474,941444,596416,951
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





84
Mass transit - city operated





85
Other sales and services6,0145,2985,6066,0086,3386,918
86UTILITYWater and sewer charges

1,365,8601,271,3011,166,3421,109,254
87REVENUESElectric charges





88
Gas charges





88.1
Storm Water Fees





89MISC.On bond proceeds128,781346,397387,333247,846

90REVENUESOn general and all other funds17,30410,56412,51626,109113,21245,332
91
Special assessments
30010018473,288406,949
92
Private contribution and donations5,6886,1281,8561,5002501,920
93
Sales of materials and fixed assets



3,7004,000
94
Sales of real property





95
Nongovernment contributions for streets and traffic signals





96
Mixed drink surcharge
4,77525,41824,425

97
ABC profit distribution5,55284,829140,94047,63622,09420,531
98
Other miscellaneous revenues548,821


20,40025,054
99
Proceeds of the sale of bonds and notes





100
Proceeds of capital leases and installment purchases



3,100,000
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' deposits

124,935
13,9334,812
106
Deposits other than utility



1,000
107
Prepaid taxes





108
Prepaid privilege licenses





109APART 4Governing body - Salaries





109BGENERALGoverning body - All other Direct34,47425,06417,48117,38812,44415,566
109CGOVTGoverning body - Construction





109D
Governing body - Land, Equipment and Existing Structures





110A
Administration - Salaries679,319656,268542,207526,459504,599510,789
110B
Administration - All other Direct95,229127,03497,96488,18377,08099,586
110C
Administration - Construction





110D
Administration - Land, Equipment and Existing Structures41,73911,873
59,198

111A
Elections (cost of) - Salaries





111B
Elections (cost of) - All other Direct
1,955
1,294
1,090
111C
Elections (cost of) - Construction





111D
Elections (cost of) - Land, Equipment and Existing Structures





112A
Finance - Salaries95,07274,93868,98162,29756,12653,534
112B
Finance - All other Direct25,09425,64528,53424,47324,51721,520
112C
Finance - Construction





112D
Finance - Land, Equipment. and Existing Structures





113A
Taxes - Salaries





113B
Taxes - All other Direct17,1123,1943,2292,9422,3002,662
113C
Taxes - Construction





113D
Taxes - Land, Equipment, and Existing Structures





114A
Legal - Salaries





114B
Legal - All other Direct18,685104,12730,69914,01413,81144,995
114C
Legal - Construction





114D
Legal - Land, Equipment, and Existing Structures





115A
Public Buildings - Salaries





115B
Public Buildings - All other Direct22,95585,78670,98061,99039,74539,763
115C
Public Buildings - Construction



786,131157,460
115D
Public Buildings - Land, Equipment, and Existing Structures
171,59935,876146,948

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 - Salaries856,213730,726649,473635,222620,991564,654
119BSAFETYPolice and Communications - All other Direct70,40077,73755,65861,60965,27881,880
119C
Police and Communications - Construction

88,387253,135

119D
Police and Communications - Land, Equipment and Existing Structures68,66729,37849,35312,30456,04143,814
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 - Salaries650,852516,862448,960403,812342,044375,048
122B
Fire - All other Direct135,412104,372124,982101,37878,77890,652
122C
Fire - Construction


585,0001,014,046
122D
Fire - Land, Equipment, and Existing Structures68,853864,03823,88944,634

123A
Inspectors - Salaries309,626276,464244,144175,421145,250128,771
123B
Inspectors - All other Direct56,19646,97838,83841,84021,62516,436
123C
Inspectors - Construction





123D
Inspectors - Land, Equipment, and Existing Structures
36,996



124A
Rescue Units - Salaries





124B
Rescue Units - All other Direct





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





126C
Public Safety All Other - Construction





126D
Public Safety All Other - Land, Equipment, and Existing Structures





127ATRANSPORTraffic Engineering - Salaries





127BTATIONTraffic Engineering - All other Direct





127C
Traffic Engineering - Construction





127D
Traffic Engineering - Land, Equipment, and Existing Structures





128A
Streets and Highways - Salaries144,031120,915

71,59878,993
128B
Streets and Highways - All other Direct120,286112,10251,98942,268294,351213,821
128C
Streets and Highways - Construction





128D
Streets and Highways - Land, Equipment and Existing Structures27,39448,399124,962

12,500
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 Direct52,74647,36468,639101,28788,43392,159
130C
State Street Aid Allocation - Powell Bill - Construction





130D
State Street Aid Allocation - Powell Bill - Land, Equipment, and Existing Structures
24,156



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 Direct90,84173,764190,181162,876141,522109,568
136CPROTECTIONSolid Waste - Construction





136D
Solid Waste - Land, Equipment, and Existing Structures





137A
Drainage and Watershed - Salaries





137B
Drainage and Watershed - All other Direct10,43811,27420,03570,993135,01427,029
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 - Salaries





140B& PHYSICALPlanning and Zoning - All other Direct12,03252,41041,70323,90519,74410,067
140CDEVELOPPlanning and Zoning - Construction





140D
Planning and Zoning - Land, Equipment, and Existing Structures





141A
Economic Development - Salaries





141B
Economic Development - All other Direct15,00015,00020,00020,00027,7505,000
141C
Economic Development - Construction





141D
Economic Development - Land, Equipment, and Existing Structures





142A
Community Development - Salaries





142B
Community Development - All other Direct3,0003,0003,0002,5002,5001,500
142C
Community Development - Construction





142D
Community Development - Land, Equipment, and Existing Structures1,903,230




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]28,16022,00026,10012,31112,53013,157
145B
Economic and Physical Development - All Other - All other Direct20,81025,84413,06512,68117,20319,472
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 Direct35,00020,20026,32526,20025,55026,400
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

397


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
219
11912,80210,350
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 Direct





153C
Recreation and Parks - Construction





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





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





158AUTILITYWater and Sewer - Salaries

140,211216,302137,690140,883
158B
Water and Sewer - All other Direct

698,745697,806711,328531,835
158C
Water and Sewer - Construction




64,550
158D
Water and Sewer - Land, Equipment, and Existing Structures


31,047782,340
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

9,58715,82921,26513,100
161DSERVICEWater and Sewer - Debt Service Principal Payments

372,694203,674201,513125,960
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 Payments89,95788,78499,882110,9801,9612,536
166D
All Other - Debt Service Principal Payments402,214310,000310,000310,00029,22513,393
167BPENSIONDirect Benefit Program - Pension Fund operated by the Unit





168BFRINGEFringe Benefits Unallocated - (B)





169B
Separation Allowance - Law Enforcement Officers -(B)30,00028,55219,37010,69010,69010,690
170B
Separation Allowance - Other Employees - (B)





171B
Supplemental Retirement Income Plan for Law Enforcement Officers - (B)42,34934,43730,35032,79130,04739,189
172B
Fringe Benefits Other - (B)





173A
Multi-County Library District, County, or Other Municipality Authority




AuthorityCountyMunicipality
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)




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)




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 Vehicles2,224,5592,760,3811,513,8701,296,4291,228,6221,089,820
180 OTHERCurrent Year Levy Motor Vehicles Only41,35047,17139,21936,82933,12624,827
181 DATAUncollected Taxes - Current Year's Levy - Excluding Motor Vehicles34,97614,0032,3136,9395,1724,520
182
Uncollected Taxes - Current Year's Levy - Motor Vehicles2,1322,4432,3862,4602,0151,843
183
Percentage of Taxes Collected - Current Year All Property98.3699.4199.7099.3099.4399.43
184
Percentage of Taxes Collected - Current Year - Excluding Motor Vehicles98.4399.4999.8599.4699.5899.59
185
Percentage of Taxes Collected - Current Year - Motor Vehicles94.8494.8293.9293.3293.9292.58
186
Total Amount of Expenditures for Salaries and Wages to Unit's Own Personnal
2,461,1622,169,7962,075,3051,931,5651,915,708
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


400,1261,151,348
189CINVESTCash on Hand and in Bank, and Securities - All Other9,774,1289,914,1828,100,8176,738,3845,479,5214,999,609
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 audit6,531,0756,599,6268,345,7926,034,3009,146,7375,188,668
194BFISCALAmounts - Subtract proceeds of refunding debt





194CSUMMARYAmounts - Subtract interfund transfers in570,000485,0002,052,905190,000906,393251,985
194D
Amounts - Net Revenues per AFIR5,961,0756,114,6266,292,8875,844,3008,240,3444,936,683


Calculated amount5,961,0756,114,6266,292,8875,844,3008,240,3444,936,683


Amounts in AGREEMENT??YesYesYesYesYesYes


Difference





195A
Amounts - Total Expenditures and other financing sources per audit6,843,3865,494,4546,939,7755,613,8007,542,2554,062,357
195B
Amounts - Subtract payments to refunding debt escrow agent





195C
Amounts - Subtract interfund transfers out570,000485,0002,052,905190,000906,393251,985
195D
Amounts Net Expenditures per AFIR6,273,3865,009,4544,886,8705,423,8006,635,8623,810,372


Calculated amount6,273,3865,009,4544,886,8705,423,8006,635,8623,810,372


Amounts in AGREEMENT??YesYesYesYesYesYes


Difference















PART 10















950
Name of Official SignatoryDONNA ROGERS


951
Title of OfficialFINANCE DIRECTOR


952
Date Certified01/12/201001/29/200911/28/2007


953
Person to ContactDONNA ROGERS


954
Title of Person to ContactFINANCE DIRECTOR


955
Telephone Number910-579-6297


956
Facsimile Number910-579-1840






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Key Ratios and Operations Statistics of Water and Sewer Systems for



Town of Sunset Beach













200920082007200620052004








Population
3,3963,2943,0542,2111,9851,967
Population Group
No Electric 2,500 to 9,999 No Electric 2,500 to 9,999 No Electric 2,500 to 9,999 No Electric 1,000 to 2,499 No Electric 1,000 to 2,499 No Electric 1,000 to 2,499
Total Operating Revenues
$000000
Total Operating Revenues Per Capita
$000000
Group Weighted Average Revenues Per Capita02703280
State Weighted Average Revenues Per Capita2201215163








% to Total Operating Revenues






Operating Expenses
0.00%0.00%0.00%0.00%0.00%0.00%
Group Weighted Average
#DIV/0!71.48%#DIV/0!116.33%209.74%298.37%
State Weighted Average
287.00%89.94%84.21%104.54%119.75%338.51%








Operating Margin
0.00%0.00%0.00%0.00%0.00%0.00%
Group Weighted Average
#DIV/0!28.52%#DIV/0!-16.33%-109.74%-198.37%
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!4.51%#DIV/0!2.69%0.00%34.58%
State Weighted Average
0.00%-0.70%-0.66%-1.84%-2.09%5.70%








Net Income before capital contributions
0.00%0.00%0.00%0.00%0.00%0.00%
Group Weighted Average
#DIV/0!296.26%#DIV/0!394.35%1307.56%44686.13%
State Weighted Average
968.20%480.53%1193.75%778.98%531.01%2097.68%








Key Ratios and Cash Flow














Quick Ratio
N/AN/AN/A4.915.067.28
Group Weighted Average
3.203.123.263.583.484.12
State Weighted Average
2.812.962.902.821.822.76








Days Sales in Receivables
N/AN/AN/AN/AN/AN/A
Group Weighted Average
#DIV/0!54.1#DIV/0!25.272.042.6
State Weighted Average
47.360.742.687.697.761.5








Days Cash on Hand
0.00.00.00.00.00.0
Group Weighted Average
-5.2-334.0-25.4-72.9-18.2-46.6
State Weighted Average
-46.5-344.5-221.9-343.5-346.7-208.8








Cash flow from Operations
$00417,232461,094305,047398,358








Debt to Equity
0.000.000.000.000.140.00
Group Weighted Average
0.490.49#DIV/0!2.570.330.25
State Weighted Average
27.793.775.743.822.363.93








Debt per Capita
00002900
Group Weighted Average
31868424410761
State Weighted Average
754535335660675266








Capital Expenditures:
200920082007200620052004


$00031,047782,34064,550










2003200220012000



$087,2571,679506,556









Capital Contributions: Excluded from income above
$00347,227000
















Operating Statistics














Estimated population of the areas served Water004,000NANANA
Estimated population of the areas served Sewer000NANANA








Number of Gallons of Water Processed (000) omitted00227,000NANANA
Number of Gallons of Sewage Processed (000) omitted000NANANA








Number of Gallons of Water Billed (000) omitted00181,000NANANA
Number of Gallons of Sewage Billed (000) omitted000NANANA








Ratio of Water Billed to Water Processed

0.79736NANANA
Ratio of Sewage Billed to Sewage Processed


NANANA








Total Revenue from Water Sales001,061,525NANANA
Total Revenue from Sewage Sales000NANANA








Water Revenue per 1000 gallons of Sales


265.38125NANANA
Sewage Revenue per 1000 gallons of Sales



NANANA








Group Average Sales per thousand Gallons Water$40.43905$1,510.62899$1,842.80047NANANA
Group Average Sales per thousand Gallons Sewage$34.24740$1,202.09823$1,724.69791NANANA








State Average Sales per thousand Gallons Water$28.47236$12,972.02948$5,350.70834NANANA
State Average Sales per thousand Gallons Sewage$41.46915$10,319.10819$3,921.08643NANANA








Residential Water Sales per thousand Gallons

5.86308NANANA
Residential Sewage Sales per thousand Gallons


NANANA








Water Sales per thousand Gallons outside Municipal Limits

5.60250NANANA
Sewage Sales per thousand Gallons outside Municipal Limits


NANANA








Total Water Sales per thousand gallons for Redistribution$0.000000.000000.00000NANANA
Total Sewage Sales per thousand gallons for Redistribution$0.000000.000000.00000NANANA




Financial Graphs and Comparisons


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Analysis of Available Fund Balance:  General Fund

20052006200720082009
Unit's FBA %67.15%90.28%158.62%162.72%104.28%
Group average FBA %69.64%64.58%64.31%65.07%70.08%
State average Electric/Non Electric Group FBA %36.82%37.38%37.38%36.63%37.77%
State average FBA %36.78%36.96%69.64%36.34%37.00%






Municipal Population Group: No Electric 2,500 to 9,999

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Analysis of Property Tax

20052006200720082009
Municipality99.43%99.30%99.70%99.41%98.36%
Pop. Group96.84%96.94%96.76%96.72%97.20%
Statewide97.42%97.55%97.59%97.64%97.78%






Municipal Population Group: No Electric 2,500 to 9,999






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Analysis of General Obligation Debt

20052006200720082009
Municipality00000
Pop. Group306297149152158
Statewide505495478456455






Municipal Population Group: 2,500 to 4,999






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Analysis of Revenue

20052006200720082009
Property Tax$636603508850662
Utility58857544700
Sales Tax229240188219211
Sales & Services234230174159244
Intergovernmental157206111115115
Debt Proceeds1,5620000
Other Miscellaneous745789633513523
Total$4,1512,6432,0611,8561,755

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Analysis of Revenue for Fiscal 2009











2009
2009
CategoryRevenue
Per Capita
Property Tax$2,246,729
$662
Water/Sewer0
0
Electric0
0
Utility0
0
Sales Tax719,082
211
Sales & Services829,348
244
Intergovernment391,219
115
Debt Proceeds0
0
Miscellaneous1,774,697
523
Total$5,961,075
$1,755





Municipal Population Group: No Electric 2,500 to 9,999





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Analysis of Expenditures by Function for Fiscal 2009











2009
2009
CategoryExpenditures
Per Capita
General Government$1,029,679
$303
Water/Sewer0
0
Electric0
0
Utilities0
0
Debt Service492,171
145
Transportation344,457
101
Public Safety2,288,568
674
Other2,118,511
624
Total$6,273,386
$1,847





Municipal Population Group: No Electric 2,500 to 9,999





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Analysis of Expenditures by Object for Fiscal 2009






2009
2009
CategoryExpenditures
Per Capita
Salaries & Wages$2,763,273
$814
Water/Sewer Capital0
0
Electric Capital0
0
Capital Outlay2,109,883
621
Other Operating1,400,230
412
Total$6,273,386
$1,847





Municipal Population Group: No Electric 2,500 to 9,999






Last Updated 6/11/2010 10:32:13 AM