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
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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	$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 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
		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	342	312	348	331	319
		Utility	313	319	316	391	374	340
		Sales Tax	140	162	158	179	172	157
		Sales & Services	86	82	79	72	71	64
		Intergovernmental	184	184	176	246	220	257
		Debt Proceeds	212	176	109	170	89	82
		Other Miscellaneous	105	127	161	160	125	137
		Total	1,385	1,392	1,311	1,566	1,382	1,356

	Group Average Per Capita Expenditures by Function
		Utility	415	381	334	487	425	445
		Debt Service	101	105	97	108	107	86
		Transportation	95	113	112	131	132	139
		General Government	185	172	160	221	193	174
		Public Safety	317	325	312	326	294	315
		Other	218	235	237	206	170	159
		Total	1,331	1,331	1,252	1,479	1,321	1,318

	Group Average Per Capita Expenditures by Object
		Salaries & Wages	430	425	408	402	397	376
		Capital Outlay	320	287	254	373	283	317
		Other Operating	581	619	590	704	641	625
		Total	1,331	1,331	1,252	1,479	1,321	1,318


General Fund Go to top of page			2009	2008	2007	2006	2005	2004
	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 %	104.28	162.72	158.62	90.28	67.15	59.44
		Group weighted average FBA %	70.08	65.07	64.31	64.58	69.64	70.93
		State weighted average Non-Electric Group	37.77	36.63	37.38	37.38	36.82	36.42
		State weighted average FBA %	37.00	36.34	36.55	36.96	36.78	36.35


Enterprise Funds: Go to top of page
	None

	Combined financial results:
		Working capital
		Quick ratio
		Net income
		Cashflow from operations
		Depreciation & Amortization Expense



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

		Population at July 1st of the Previous Year	3,396	3,294	3,054	2,211	1,985	1,967
		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
		Cash &Investments	$9,774,128	9,914,182	8,100,817	6,738,384	5,479,521	4,999,609
		Investment Earnings	17,304	10,564	12,516	26,109	113,212	45,332
		Tax Rate Equivalent	0.0007	0.0004	0.0012	0.0025	0.0112	0.0049
		Tax Rate Equivalent Group weighted average	0.0129	0.0296	0.0439	0.0283	0.0164	0.0094
		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	$2,515,191,825	2,445,154,578	1,076,000,764	1,029,909,780	1,007,566,685	929,247,823
		Tax Rate	0.0900	0.1150	0.1450	0.1300	0.1300	0.1200
		Tax Rate Group weighted average	0.2710	0.2682	0.3126	0.3297	0.3306	0.3386
		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	92.21	90.92	83.47	85.71	86.82	87.25
		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	$2,564,690,349	2,462,639,317	1,721,601,222	1,287,387,225	1,153,086,158	929,247,823
		EffectiveTax Rate	0.0883	0.1142	0.0906	0.1040	0.1136	0.1200
		Group weighted average Effective Tax Rate	0.2499	0.2438	0.2610	0.2826	0.2870	0.2954
		Statewide weighted average Effective Tax Rate	0.3875	0.3756	0.3936	0.3987	0.4108	0.4209
		Percent Collected	98.36	99.41	99.70	99.30	99.43	99.43
		Percent Collected Group weighted average	97.20	96.72	96.76	96.94	96.84	96.44
		Percent Collected Statewide	97.78	97.64	97.59	97.55	97.42	97.31
		Percent Collected Excluding Motor Vehicles	98.43	99.49	99.85	99.46	99.58	99.59
		Percent Collected Excluding Motor Vehicles Group weighted average	97.55	98.08	98.00	97.76	97.85	97.87
		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	94.84	94.82	93.92	93.32	93.92	92.58
		Percent Collected Motor Vehicles Only Group weighted average	85.15	85.75	86.04	85.54	86.22	84.36
		Percent Collected Motor Vehicles Only Statewide weighted average	86.66	86.74	86.71	86.80	87.31	87.46
		Tax Uncollected	2,230	16,446	4,699	9,399	7,187	6,363
		Tax Rate Equivalent	0.0001	0.0007	0.0004	0.0009	0.0007	0.0007
		Dominant County: Brunswick
	Debt Information
		Population Group	2,500 to 4,999	2,500 to 4,999	2,500 to 4,999	1,000 to 2,499	1,000 to 2,499	1,000 to 2,499
		Ratings:
		Fitch
		Moody's
		S & P

		General Obligation Debt (GO) where the taxing power of the entrire municipality is pledged to pay the obligation
		Enterprise GO Debt	$0	0	0	0	0	0
		General Government GO Debt	0	0	0	0	0	0
		Total General Obligation Debt	0	0	0	0	0	0
		Per Capita	$0	0	0	0	0	0
		Total Per Capita for the Population Group	158	152	149	297	306	297
		Total Per Capita Statewide	455	456	478	495	505	548
		Total per Assessed Valuation Adjusted for Current Year Sales	0.0000%	0.0000%	0.0000%	0.0000%	0.0000%	0.0000%
		Total per Assessed Valuation Adjusted for Current Year Sales- Group Average	0.1078%	0.1101%	0.1223%	0.2606%	0.2847%	0.2930%
		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	1,860,000	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 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		3,396	3,294	3,054	2,211	1,985	1,967

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	17,178,934	15,597,631	13,089,455	9,681,961	8,410,715	4,406,229
1.5B	FISCAL	Governmental Activities Liabilities	2,624,482	2,859,689	2,687,466	3,059,687	3,282,358	157,812
3.5A	SUMMARY	Business Type Activities Assets				5,043,367	4,993,640	4,811,603
3.5B		Business Type Activities Liabilties				595,726	753,181	931,445
6.5A		Fiduciary Funds Assets	47,690	36,046	25,690	63,090	51,387	42,813
6.5B		Fiduciary Funds Liabilties			38,937	39,031	29,595	32,056
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
10	PART 2	Current collections of unit-wide levy	2,228,401	2,793,839	1,538,520	1,328,815	1,256,668	1,110,990
11	TAX	Current collection of special tax districts
12	REVENUES	Prior years' levy collections	14,046	1,868	8,086	1,943	4,071	551
13		Penalties and interest	4,282	2,888	3,383	2,893	2,612	2,437
14		Collection of taxes previously written off
15		Animal tax
15.1		Solid Waste Disposal Tax
16		1% Local government sales and use tax	324,621	289,680	238,774	229,909	207,779	181,099
17		1/2% Local government sales and use taxes (Article 40)	151,888	151,956	116,131	100,623	82,000	77,214
18		1/2% Local government sales and use taxes (Article 42)	150,032	150,331	114,814	99,529	81,080	76,154
18.5		1/2% Local government sales and use taxes (Article 44)	92,541	133,010	106,150	98,434	83,808	74,332
19		Licenses Privilege						420
19.1		Privilege - Occupational & business licensing & permit taxes	450	405	405	435	390
19.2		Privilege -- All other privileges and pemits
20		General Municipal Vehicle Tax
21		Vehicle Tax for Public Transportation
22		Other licenses - Include CATV	46,323	37,855	14,020	15,026
23		Local occupancy tax	854,579	942,740	921,394	905,099	801,930	816,233
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				11,265	10,500
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
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	241,331	224,832	222,144	204,463	183,244	176,756
45		Beer and Wine tax	14,793	14,066	9,991	9,466	8,707	8,358
46		Powell Bill	135,095	138,881	105,578	104,767	101,273	96,525
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			265	1,525	7,831	4,257
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
61	LOCAL	LOCAL Payment in lieu of taxes
62	INTERGOV	General government
63	REVENUES	Public 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
71	PERMITS	Building permits	162,594	249,061	413,490	463,371	430,943	254,822
72	& FEES	Inspection fees	1,600	3,300	8,750	9,050	9,830	4,740
72.1		Amusements licensing and permit taxes
73		Other permits	3,005	4,275	6,025	4,180	3,015	2,160
74	SALES &	Parking revenues
75	SERVICES	Rents and royalties			29,519	28,659	14,443	12,726
76		Airport
77		Fire protection charges	823,334	517,348	495,819	474,941	444,596	416,951
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 services	6,014	5,298	5,606	6,008	6,338	6,918
86	UTILITY	Water and sewer charges			1,365,860	1,271,301	1,166,342	1,109,254
87	REVENUES	Electric charges
88		Gas charges
88.1		Storm Water Fees
89	MISC.	On bond proceeds	128,781	346,397	387,333	247,846
90	REVENUES	On general and all other funds	17,304	10,564	12,516	26,109	113,212	45,332
91		Special assessments		300	100	184	73,288	406,949
92		Private contribution and donations	5,688	6,128	1,856	1,500	250	1,920
93		Sales of materials and fixed assets					3,700	4,000
94		Sales of real property
95		Nongovernment contributions for streets and traffic signals
96		Mixed drink surcharge		4,775	25,418	24,425
97		ABC profit distribution	5,552	84,829	140,940	47,636	22,094	20,531
98		Other miscellaneous revenues	548,821				20,400	25,054
99		Proceeds of the sale of bonds and notes
100		Proceeds of capital leases and installment purchases					3,100,000
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			124,935		13,933	4,812
106		Deposits other than utility					1,000
107		Prepaid taxes
108		Prepaid privilege licenses
109A	PART 4	Governing body - Salaries
109B	GENERAL	Governing body - All other Direct	34,474	25,064	17,481	17,388	12,444	15,566
109C	GOVT	Governing body - Construction
109D		Governing body - Land, Equipment and Existing Structures
110A		Administration - Salaries	679,319	656,268	542,207	526,459	504,599	510,789
110B		Administration - All other Direct	95,229	127,034	97,964	88,183	77,080	99,586
110C		Administration - Construction
110D		Administration - Land, Equipment and Existing Structures	41,739	11,873		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 - Salaries	95,072	74,938	68,981	62,297	56,126	53,534
112B		Finance - All other Direct	25,094	25,645	28,534	24,473	24,517	21,520
112C		Finance - Construction
112D		Finance - Land, Equipment. and Existing Structures
113A		Taxes - Salaries
113B		Taxes - All other Direct	17,112	3,194	3,229	2,942	2,300	2,662
113C		Taxes - Construction
113D		Taxes - Land, Equipment, and Existing Structures
114A		Legal - Salaries
114B		Legal - All other Direct	18,685	104,127	30,699	14,014	13,811	44,995
114C		Legal - Construction
114D		Legal - Land, Equipment, and Existing Structures
115A		Public Buildings - Salaries
115B		Public Buildings - All other Direct	22,955	85,786	70,980	61,990	39,745	39,763
115C		Public Buildings - Construction					786,131	157,460
115D		Public Buildings - Land, Equipment, and Existing Structures		171,599	35,876	146,948
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
119A	PUBLIC	Police and Communications - Salaries	856,213	730,726	649,473	635,222	620,991	564,654
119B	SAFETY	Police and Communications - All other Direct	70,400	77,737	55,658	61,609	65,278	81,880
119C		Police and Communications - Construction			88,387	253,135
119D		Police and Communications - Land, Equipment and Existing Structures	68,667	29,378	49,353	12,304	56,041	43,814
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 - Salaries	650,852	516,862	448,960	403,812	342,044	375,048
122B		Fire - All other Direct	135,412	104,372	124,982	101,378	78,778	90,652
122C		Fire - Construction				585,000	1,014,046
122D		Fire - Land, Equipment, and Existing Structures	68,853	864,038	23,889	44,634
123A		Inspectors - Salaries	309,626	276,464	244,144	175,421	145,250	128,771
123B		Inspectors - All other Direct	56,196	46,978	38,838	41,840	21,625	16,436
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
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	144,031	120,915			71,598	78,993
128B		Streets and Highways - All other Direct	120,286	112,102	51,989	42,268	294,351	213,821
128C		Streets and Highways - Construction
128D		Streets and Highways - Land, Equipment and Existing Structures	27,394	48,399	124,962			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 Direct	52,746	47,364	68,639	101,287	88,433	92,159
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
136A	ENVIRON	Solid Waste - Salaries
136B	MENTAL	Solid Waste - All other Direct	90,841	73,764	190,181	162,876	141,522	109,568
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	10,438	11,274	20,035	70,993	135,014	27,029
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
140A	ECONOMIC	Planning and Zoning - Salaries
140B	& PHYSICAL	Planning and Zoning - All other Direct	12,032	52,410	41,703	23,905	19,744	10,067
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	15,000	15,000	20,000	20,000	27,750	5,000
141C		Economic Development - Construction
141D		Economic Development - Land, Equipment, and Existing Structures
142A		Community Development - Salaries
142B		Community Development - All other Direct	3,000	3,000	3,000	2,500	2,500	1,500
142C		Community Development - Construction
142D		Community Development - Land, Equipment, and Existing Structures	1,903,230
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]	28,160	22,000	26,100	12,311	12,530	13,157
145B		Economic and Physical Development - All Other - All other Direct	20,810	25,844	13,065	12,681	17,203	19,472
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	35,000	20,200	26,325	26,200	25,550	26,400
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		119	12,802	10,350
152C		Human Services - All Other - Construction
152D		Human Services - All Other - Land, Equipment, and Existing Structures
153A	CULTURE	Recreation and Parks - Salaries
153B	RECREATION	Recreation 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
158A	UTILITY	Water and Sewer - Salaries			140,211	216,302	137,690	140,883
158B		Water and Sewer - All other Direct			698,745	697,806	711,328	531,835
158C		Water and Sewer - Construction						64,550
158D		Water and Sewer - Land, Equipment, and Existing Structures				31,047	782,340
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
161B	DEBT	Water and Sewer - Debt Service Interest Payments			9,587	15,829	21,265	13,100
161D	SERVICE	Water and Sewer - Debt Service Principal Payments			372,694	203,674	201,513	125,960
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 Payments	89,957	88,784	99,882	110,980	1,961	2,536
166D		All Other - Debt Service Principal Payments	402,214	310,000	310,000	310,000	29,225	13,393
167B	PENSION	Direct Benefit Program - Pension Fund operated by the Unit
168B	FRINGE	Fringe Benefits Unallocated - (B)
169B		Separation Allowance - Law Enforcement Officers -(B)	30,000	28,552	19,370	10,690	10,690	10,690
170B		Separation Allowance - Other Employees - (B)
171B		Supplemental Retirement Income Plan for Law Enforcement Officers - (B)	42,349	34,437	30,350	32,791	30,047	39,189
172B		Fringe Benefits Other - (B)
173A		Multi-County Library District, County, or Other Municipality Authority						AuthorityCountyMunicipality
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)						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 6	Current Year Levy Excluding Motor Vehicles	2,224,559	2,760,381	1,513,870	1,296,429	1,228,622	1,089,820
180	OTHER	Current Year Levy Motor Vehicles Only	41,350	47,171	39,219	36,829	33,126	24,827
181	DATA	Uncollected Taxes - Current Year's Levy - Excluding Motor Vehicles	34,976	14,003	2,313	6,939	5,172	4,520
182		Uncollected Taxes - Current Year's Levy - Motor Vehicles	2,132	2,443	2,386	2,460	2,015	1,843
183		Percentage of Taxes Collected - Current Year All Property	98.36	99.41	99.70	99.30	99.43	99.43
184		Percentage of Taxes Collected - Current Year - Excluding Motor Vehicles	98.43	99.49	99.85	99.46	99.58	99.59
185		Percentage of Taxes Collected - Current Year - Motor Vehicles	94.84	94.82	93.92	93.32	93.92	92.58
186		Total Amount of Expenditures for Salaries and Wages to Unit's Own Personnal		2,461,162	2,169,796	2,075,305	1,931,565	1,915,708
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
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				400,126	1,151,348
189C	INVEST	Cash on Hand and in Bank, and Securities - All Other	9,774,128	9,914,182	8,100,817	6,738,384	5,479,521	4,999,609
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	6,531,075	6,599,626	8,345,792	6,034,300	9,146,737	5,188,668
194B	FISCAL	Amounts - Subtract proceeds of refunding debt
194C	SUMMARY	Amounts - Subtract interfund transfers in	570,000	485,000	2,052,905	190,000	906,393	251,985
194D		Amounts - Net Revenues per AFIR	5,961,075	6,114,626	6,292,887	5,844,300	8,240,344	4,936,683
		Calculated amount	5,961,075	6,114,626	6,292,887	5,844,300	8,240,344	4,936,683
		Amounts in AGREEMENT??	Yes	Yes	Yes	Yes	Yes	Yes
		Difference
195A		Amounts - Total Expenditures and other financing sources per audit	6,843,386	5,494,454	6,939,775	5,613,800	7,542,255	4,062,357
195B		Amounts - Subtract payments to refunding debt escrow agent
195C		Amounts - Subtract interfund transfers out	570,000	485,000	2,052,905	190,000	906,393	251,985
195D		Amounts Net Expenditures per AFIR	6,273,386	5,009,454	4,886,870	5,423,800	6,635,862	3,810,372
		Calculated amount	6,273,386	5,009,454	4,886,870	5,423,800	6,635,862	3,810,372
		Amounts in AGREEMENT??	Yes	Yes	Yes	Yes	Yes	Yes
		Difference

	PART 10

950		Name of Official Signatory	DONNA ROGERS
951		Title of Official	FINANCE DIRECTOR
952		Date Certified	01/12/2010	01/29/2009	11/28/2007
953		Person to Contact	DONNA ROGERS
954		Title of Person to Contact	FINANCE DIRECTOR
955		Telephone Number	910-579-6297
956		Facsimile Number	910-579-1840

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

	2009	2008	2007	2006	2005	2004

Population	3,396	3,294	3,054	2,211	1,985	1,967
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	$0	0	0	0	0	0
Total Operating Revenues Per Capita	$0	0	0	0	0	0
Group Weighted Average Revenues Per Capita	0	27	0	32	8	0
State Weighted Average Revenues Per Capita	2	20	12	15	16	3

% 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/A	N/A	N/A	4.91	5.06	7.28
Group Weighted Average	3.20	3.12	3.26	3.58	3.48	4.12
State Weighted Average	2.81	2.96	2.90	2.82	1.82	2.76

Days Sales in Receivables	N/A	N/A	N/A	N/A	N/A	N/A
Group Weighted Average	#DIV/0!	54.1	#DIV/0!	25.2	72.0	42.6
State Weighted Average	47.3	60.7	42.6	87.6	97.7	61.5

Days Cash on Hand	0.0	0.0	0.0	0.0	0.0	0.0
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	$0	0	417,232	461,094	305,047	398,358

Debt to Equity	0.00	0.00	0.00	0.00	0.14	0.00
Group Weighted Average	0.49	0.49	#DIV/0!	2.57	0.33	0.25
State Weighted Average	27.79	3.77	5.74	3.82	2.36	3.93

Debt per Capita	0	0	0	0	290	0
Group Weighted Average	31	86	84	244	107	61
State Weighted Average	754	535	335	660	675	266

Capital Expenditures:	2009	2008	2007	2006	2005	2004
	$0	0	0	31,047	782,340	64,550

	2003	2002	2001	2000
	$0	87,257	1,679	506,556

Capital Contributions: Excluded from income above	$0	0	347,227	0	0	0


Operating Statistics

Estimated population of the areas served Water	0	0	4,000	NA	NA	NA
Estimated population of the areas served Sewer	0	0	0	NA	NA	NA

Number of Gallons of Water Processed (000) omitted	0	0	227,000	NA	NA	NA
Number of Gallons of Sewage Processed (000) omitted	0	0	0	NA	NA	NA

Number of Gallons of Water Billed (000) omitted	0	0	181,000	NA	NA	NA
Number of Gallons of Sewage Billed (000) omitted	0	0	0	NA	NA	NA

Ratio of Water Billed to Water Processed			0.79736	NA	NA	NA
Ratio of Sewage Billed to Sewage Processed				NA	NA	NA

Total Revenue from Water Sales	0	0	1,061,525	NA	NA	NA
Total Revenue from Sewage Sales	0	0	0	NA	NA	NA

Water Revenue per 1000 gallons of Sales			265.38125	NA	NA	NA
Sewage Revenue per 1000 gallons of Sales				NA	NA	NA

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

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

Residential Water Sales per thousand Gallons			5.86308	NA	NA	NA
Residential Sewage Sales per thousand Gallons				NA	NA	NA

Water Sales per thousand Gallons outside Municipal Limits			5.60250	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

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 %	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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2005 2006 2007 2008 2009

Municipality 99.43% 99.30% 99.70% 99.41% 98.36%

Pop. Group 96.84% 96.94% 96.76% 96.72% 97.20%

Statewide 97.42% 97.55% 97.59% 97.64% 97.78%

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

	2005	2006	2007	2008	2009
Municipality	99.43%	99.30%	99.70%	99.41%	98.36%
Pop. Group	96.84%	96.94%	96.76%	96.72%	97.20%
Statewide	97.42%	97.55%	97.59%	97.64%	97.78%

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

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2005 2006 2007 2008 2009

Municipality 0 0 0 0 0

Pop. Group 306 297 149 152 158

Statewide 505 495 478 456 455

Municipal Population Group: 2,500 to 4,999

	2005	2006	2007	2008	2009
Municipality	0	0	0	0	0
Pop. Group	306	297	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 $636 603 508 850 662

Utility 588 575 447 0 0

Sales Tax 229 240 188 219 211

Sales & Services 234 230 174 159 244

Intergovernmental 157 206 111 115 115

Debt Proceeds 1,562 0 0 0 0

Other Miscellaneous 745 789 633 513 523

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

	2005	2006	2007	2008	2009
Property Tax	$636	603	508	850	662
Utility	588	575	447	0	0
Sales Tax	229	240	188	219	211
Sales & Services	234	230	174	159	244
Intergovernmental	157	206	111	115	115
Debt Proceeds	1,562	0	0	0	0
Other Miscellaneous	745	789	633	513	523
Total	$4,151	2,643	2,061	1,856	1,755

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2009
2009

Category Revenue
Per Capita

Property Tax $2,246,729
$662

Water/Sewer 0
0

Electric 0
0

Utility 0
0

Sales Tax 719,082
211

Sales & Services 829,348
244

Intergovernment 391,219
115

Debt Proceeds 0
0

Miscellaneous 1,774,697
523

Total $5,961,075
$1,755

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

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2009
2009

Category Expenditures
Per Capita

General Government $1,029,679
$303

Water/Sewer 0
0

Electric 0
0

Utilities 0
0

Debt Service 492,171
145

Transportation 344,457
101

Public Safety 2,288,568
674

Other 2,118,511
624

Total $6,273,386
$1,847

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

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2009
2009

Category Expenditures
Per Capita

Salaries & Wages $2,763,273
$814

Water/Sewer Capital 0
0

Electric Capital 0
0

Capital Outlay 2,109,883
621

Other Operating 1,400,230
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



	2009	2009
Category	Revenue	Per Capita
Property Tax	$2,246,729	$662
Water/Sewer	0	0
Electric	0	0
Utility	0	0
Sales Tax	719,082	211
Sales & Services	829,348	244
Intergovernment	391,219	115
Debt Proceeds	0	0
Miscellaneous	1,774,697	523
Total	$5,961,075	$1,755

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

North CarolinaDepartment of State TreasurerFinancial InformationTown of Sunset Beach

Financial Graphs and Comparisons

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