North Carolina
Department of State Treasurer
Financial Information
Town of Holden 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

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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	$1,555,954	1,343,417	1,314,901	1,271,555	1,231,985	1,079,740
		Utility	3,569,151	1,832,517	952,328	669,121	692,864	660,707
		Sales Tax	229,118	224,958	216,396	194,633	182,706	150,768
		Sales & Services	2,185	12,567	104,797	58,245	47,670	40,300
		Intergovernmental	352,549	179,630	242,930	187,859	139,678	137,424
		Debt Proceeds	4,112,202	169,709	-	8,620,000	-	-
		Other Miscellaneous	2,021,928	4,519,444	3,606,565	1,746,571	11,190,432	1,266,325
		Total	$11,843,087	8,282,242	6,437,917	12,747,984	13,485,335	3,335,264

	Expenditures by Function
		Utility	$2,596,599	2,146,872	6,931,176	9,947,160	3,995,867	735,921
		Debt Service	1,347,715	817,772	728,205	-	-	-
		Transportation	290,593	429,783	590,282	382,854	215,686	174,636
		General Government	2,834,419	913,533	672,120	669,754	730,825	540,998
		Public Safety	1,004,394	1,058,301	748,983	662,169	662,871	527,970
		Other	2,472,756	712,871	663,732	524,119	1,452,969	486,601
		Total	$10,546,476	6,079,132	10,334,498	12,186,056	7,058,218	2,466,126

	Expenditures by Object
		Salaries & Wages	$1,252,554	1,084,320	953,955	905,418	842,447	749,262
		Capital Outlay	1,900,885	1,455,211	6,247,861	9,617,537	3,634,962	203,311
		Other Operating + Debt Service	7,393,037	3,539,601	3,132,682	1,663,101	2,580,809	1,513,553
		Total	$10,546,476	6,079,132	10,334,498	12,186,056	7,058,218	2,466,126


	Per Capita Revenues by Source
		Property Tax	$1,671	1,468	1,479	1,477	1,474	1,284
		Utility	3,834	2,003	1,071	777	829	786
		Sales Tax	246	247	244	225	218	179
		Sales & Services	2	14	118	68	57	48
		Intergovernmental	379	196	273	218	167	163
		Debt Proceeds	4,417	185	-	10,012	-	-
		Other Miscellaneous	2,172	4,939	4,057	2,029	13,386	1,506
		Total	$12,721	9,052	7,242	14,806	16,131	3,966

	Per Capita Expenditures by Function
		Utility	$2,789	2,346	7,797	11,553	4,780	875
		Debt Service	1,448	894	819	-	-	-
		Transportation	312	470	664	445	258	208
		General Government	3,044	998	755	777	874	642
		Public Safety	1,079	1,157	843	769	793	628
		Other	2,656	779	747	609	1,738	579
		Total	$11,328	6,644	11,625	14,153	8,443	2,932

	Per Capita Expenditures by Object
		Salaries & Wages	$1,345	1,185	1,073	1,052	1,008	891
		Capital Outlay	2,042	1,590	7,028	11,170	4,348	242
		Other Operating	7,941	3,869	3,524	1,931	3,087	1,799
		Total	$11,328	6,644	11,625	14,153	8,443	2,932

	Population Group		No Electric 500 to 999	No Electric 500 to 999	No Electric 500 to 999	No Electric 500 to 999	No Electric 500 to 999	No Electric 500 to 999
		Number of Municipalites in Group	95	96	95	96	93	94
		Average Population In Group	730	726	727	731	737	734
		Town of Holden Beach Population	931	915	889	861	836	841
	Group Average Per Capita Revenues by Source
		Property Tax	374	335	298	276	259	231
		Utility	384	350	306	270	262	260
		Sales Tax	176	166	155	150	138	113
		Sales & Services	62	65	51	49	42	42
		Intergovernmental	271	366	360	367	365	261
		Debt Proceeds	83	67	73	139	104	55
		Other Miscellaneous	240	250	188	130	324	93
		Total	1,590	1,599	1,431	1,381	1,494	1,055

	Group Average Per Capita Expenditures by Function
		Utility	390	404	484	538	482	358
		Debt Service	90	83	71	58	77	53
		Transportation	137	153	117	109	99	94
		General Government	301	312	224	211	263	186
		Public Safety	273	250	241	219	197	165
		Other	274	280	292	192	180	136
		Total	1,465	1,482	1,429	1,327	1,298	992

	Group Average Per Capita Expenditures by Object
		Salaries & Wages	378	352	309	299	279	254
		Capital Outlay	262	334	370	432	442	251
		Other Operating	825	796	750	596	577	487
		Total	1,465	1,482	1,429	1,327	1,298	992


General Fund Go to top of page			2008	2007	2006	2005	2004	2003
	General Fund revenues		$2,296,938	2,211,038	2,468,145	1,960,594	1,939,789	1,528,584
	General Fund expenditures		3,419,903	2,536,039	2,004,845	1,722,496	1,659,121	1,308,483
	Operating transfers in		500,000	13,775	10,000	10,000	10,000	10,000
	Operating transfers out		-	15,270	72,773	142,083	271,900	102,000
	Capital leases and installment purchase proceeds		75,337	169,709	-	-	-	-
	Other items		-	-	5,436	3,313	18,635	-
	Excess of revenues and other sources over (under) expenditures and other uses		(547,628)	(156,787)	405,963	109,328	37,403	128,101

	Fund balance available (FBA):
		In dollars	$1,027,598	1,596,308	1,731,381	1,345,352	1,232,097	1,199,888
		FBA as a % of GF Net Expenditures:
		Unit's FBA %	30.72	67.03	83.33	72.15	63.81	85.07
		Group weighted average FBA %	87.97	100.30	101.57	105.22	108.69	116.79
		State weighted average Non-Electric Group	36.47	37.14	36.51	36.90	36.42	36.42
		State weighted average FBA %	36.20	36.37	36.31	36.76	36.35	36.06


Enterprise Funds: Go to top of page
	Water/Sewer

	Combined financial results:
		Working capital	$1,824,117	1,658,135	1,444,391	1,709,728	2,851,140	701,736
		Quick ratio	3.68	3.37	2.81	3.56	45.09	11.61
		Net income	(157,549)	1,299,060	1,536,864	235,676	9,889,981	14,425
		Cashflow from operations	(562,171)	2,148,233	56,044	132,912	1,196,908	44,837
		Depreciation & Amortization Expense	458,702	455,944	69,282	66,591	64,731	76,002



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

		Population at July 1st of the Previous Year	931	915	889	861	836	841
		Population Group	No Electric 500 to 999	No Electric 500 to 999	No Electric 500 to 999	No Electric 500 to 999	No Electric 500 to 999	No Electric 500 to 999
		Cash &Investments	$10,776,645	9,221,018	6,879,425	10,681,876	9,249,448	11,310,980
		Investment Earnings	305,214	339,995	339,508	225,122	125,518	131,648
		Tax Rate Equivalent	0.0135	0.0457	0.0469	0.0320	0.0184	0.0230
		Tax Rate Equivalent Group weighted average	0.0243	0.0375	0.0327	0.0200	0.0130	0.0213
		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	$2,262,924,985	743,636,134	723,222,235	703,427,204	680,853,684	571,772,881
		Tax Rate	0.0690	0.1800	0.1800	0.1800	0.1800	0.1900
		Tax Rate Group weighted average	0.1929	0.2310	0.2737	0.3263	0.3351	0.3430
		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	87.77	77.67	88.06	77.84	81.47	86.18
		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	$2,279,106,642	1,189,817,814	904,027,794	805,020,833	680,853,684	703,980,400
		EffectiveTax Rate	0.0685	0.1125	0.1440	0.1573	0.1800	0.1543
		Group weighted average Effective Tax Rate	0.1693	0.1794	0.2410	0.2540	0.2730	0.2956
		Statewide weighted average Effective Tax Rate	0.3765	0.3939	0.3987	0.4108	0.4209	0.4113
		Percent Collected	98.87	99.37	99.38	99.47	99.28	98.70
		Percent Collected Group weighted average	97.29	96.02	95.56	95.90	94.77	94.02
		Percent Collected Statewide	97.97	97.59	97.55	97.42	97.31	96.96
		Percent Collected Excluding Motor Vehicles	98.90	99.39	99.49	99.55	99.39	98.84
		Percent Collected Excluding Motor Vehicles Group weighted average	97.38	97.36	97.10	96.98	96.27	96.08
		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	94.16	98.13	92.49	94.04	90.91	88.61
		Percent Collected Motor Vehicles Only Group weighted average	82.90	81.48	82.58	83.94	82.54	82.40
		Percent Collected Motor Vehicles Only Statewide weighted average	86.74	86.71	86.80	87.31	87.62	86.69
		Tax Uncollected	747	8,490	8,020	6,731	8,830	14,064
		Tax Rate Equivalent	0.0000	0.0011	0.0011	0.0010	0.0013	0.0025
		Dominant County: Brunswick
	Debt Information
		Population Group	500 to 999	500 to 999	500 to 999	500 to 999	500 to 999	500 to 999
		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	216	212	223	227	267	#N/A
		Total Per Capita Statewide	456	478	495	505	548	#N/A
		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	0.0884%	0.1085%	0.1673%	0.1884%	0.2559%	#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	$7,285,787	7,758,465	8,213,882	8,620,000	0	0
		--General Government	4,000,000	0	0	0	0	0
		Total*	$11,285,787	7,758,465	8,213,882	8,620,000	0	0
		* The total only includes the contracts that require Local Government Commission approval.
		Revenue Bond Debt	$0	0	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		931	915	889	861	836	841

1A	Non GASB34	General Fund Assets						1,570,442
1B	FISCAL	General Fund Liabilities						312,765
2A	SUMMARY	Debt-service Assets
2B		Debt service Liabilities
3A		Enterprise Assets						10,758,109
3B		Enterprise Liabilities						6,729,294
4A		Internal Service Assets
4B		Internal service Liabilities
5A		Special Revenue Assets						2,257,472
1.5A	GASB34	Governmental Activities Assets	12,462,804	8,325,047	7,267,267	6,188,952	5,096,483
1.5B	FISCAL	Governmental Activities Liabilities	4,590,787	333,202	149,756	141,516	127,708
3.5A	SUMMARY	Business Type Activities Assets	23,797,673	24,916,068	24,228,466	23,461,600	14,324,971
3.5B		Business Type Activities Liabilties	6,964,826	7,925,672	8,537,130	9,307,128	406,175
6.5A		Fiduciary Funds Assets
6.5B		Fiduciary Funds Liabilties
5B		Special Revenue Liabilities						63,255
6A		Trust & Agency Assets
6B		Trust & Agency Liabilities
7A		Capital Project Assets
7B		Capital Project Liabilities
8A		General Fixed Assets						1,881,206
9B		General Long term debt - Liabilities						25,381
10	PART 2	Current collections of unit-wide levy	1,548,608	1,329,577	1,296,027	1,262,066	1,217,619	1,072,410
11	TAX	Current collection of special tax districts
12	REVENUES	Prior years' levy collections	2,339	9,006	12,227	7,535	8,762	4,843
13		Penalties and interest	5,007	4,834	6,647	1,954	5,604	2,487
14		Collection of taxes previously written off
15		Animal tax
16		1% Local government sales and use tax	95,136	91,681	93,498	89,269	80,769	67,510
17		1/2% Local government sales and use taxes (Article 40)	46,623	45,777	41,512	34,935	34,456	34,520
18		1/2% Local government sales and use taxes (Article 42)	46,115	45,261	41,060	34,542	34,014	34,195
18.5		1/2% Local government sales and use taxes (Article 44)	41,244	42,239	40,326	35,887	33,467	14,543
19		Licenses Privilege					8,303	6,688
19.1		Privilege - Occupational & business licensing & permit taxes	7,421	9,237	9,335	9,810
19.2		Privilege -- All other privileges and pemits
20		General Municipal Vehicle Tax	2,643	3,339	5,006	4,744	5,446	2,366
21		Vehicle Tax for Public Transportation
22		Other licenses - Include CATV	7,555	58,804	34,204	33,310	29,579	27,484
23		Local occupancy tax	1,487,243	1,495,606	1,098,392	1,010,038	923,588	875,588
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			11,913
31		Transportation - Streets
32		Transportation - All other
33		Utility franchise tax
34		Housing/community development
35		All Other		11,400
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	189,444	120,878	104,942	96,145	91,672	82,683
45		Beer and Wine tax	4,215	4,017	3,803	3,700	3,612	3,467
46		Powell Bill	48,965	43,330	43,424	43,167	39,263	42,412
47		Food stamp purchases tax reimbursement
48		Inventories tax reimbursements
49		Senior Citizens Exemption - 50%
50		Court fees - Facilities and arrest fees	160	5	30	80	60	135
51		General Government					3,759
52		Public safety			3,818	10,406	1,312	8,727
53		Transportation - Streets			75,000
54		Transportation - All other
55		Environmental protection	109,765			34,361
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	65,734	115,998	118,346	102,850	99,376	70,628
72	& FEES	Inspection fees	48,181	102,247	37,840	23,900	22,490	13,380
72.1		Amusements licensing and permit taxes
73		Other permits	20,474	27,472	15,760	13,434	18,048	12,700
74	SALES &	Parking revenues	75	1,050	1,863	1,425	3,450	1,250
75	SERVICES	Rents and royalties			102,934	56,820	44,220	39,050
76		Airport
77		Fire protection charges
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	2,110	11,517
86	UTILITY	Water and sewer charges	3,569,151	1,832,517	952,328	669,121	692,864	660,707
87	REVENUES	Electric charges
88		Gas charges
88.1		Storm Water Fees
89	MISC.	On bond proceeds
90	REVENUES	On general and all other funds	305,214	339,995	339,508	225,122	125,518	131,648
91		Special assessments	13,122	6,813	538,487	180,458	258,429	109,517
92		Private contribution and donations			1,545	41,780	24,348	1,500
93		Sales of materials and fixed assets	28,121	37,541	7,654	4,218	19,434	1,733
94		Sales of real property
95		Nongovernment contributions for streets and traffic signals
96		Mixed drink surcharge
97		ABC profit distribution
98		Other miscellaneous revenues	25,152	3,300	2,130	3,203	2,602	2,746
99		Proceeds of the sale of bonds and notes	4,112,202	169,709
100		Proceeds of capital leases and installment purchases				8,620,000
101		Other	11,068	2,319,092	1,398,358	93,704	9,653,271	10,347
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
106		Deposits other than utility
107		Prepaid taxes
108		Prepaid privilege licenses
109A	PART 4	Governing body - Salaries	12,674	7,800	7,500	7,800	7,800	7,800
109B	GENERAL	Governing body - All other Direct	385,022	231,614	59,115	64,493	65,927	39,937
109C	GOVT	Governing body - Construction
109D		Governing body - Land, Equipment and Existing Structures	915,084
110A		Administration - Salaries	256,229	241,320	251,425	254,946	239,496	214,180
110B		Administration - All other Direct	313,862	430,717	283,074	287,115	370,869	228,793
110C		Administration - Construction
110D		Administration - Land, Equipment and Existing Structures	58,218	2,082	22,373		9,357	8,192
111A		Elections (cost of) - Salaries
111B		Elections (cost of) - All other Direct
111C		Elections (cost of) - Construction
111D		Elections (cost of) - Land, Equipment and Existing Structures
112A		Finance - Salaries
112B		Finance - All other Direct
112C		Finance - Construction
112D		Finance - Land, Equipment. and Existing Structures
113A		Taxes - Salaries
113B		Taxes - All other Direct
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
115B		Public Buildings - All other Direct	99,157		47,414	52,787	36,741	33,824
115C		Public Buildings - Construction	794,173
115D		Public Buildings - Land, Equipment, and Existing Structures
116A		Court Facilities - Salaries
116B		Court Facilities - All other Direct
116C		Court Facilities - Construction
116D		Court Facilities - Land, Equipment, and Existing Structures
117A		Central Facilites - Salaries
117B		Central Facilities - All other Direct
117C		Central Facilites - Construction
117D		Central Facilites - Land, Equipment, and Existing Structures
118A		General Government All Other - Salaries
118B		General Government All Other - All other Direct			1,219	2,613	635	8,272
118C		General Government All Other - Construction
118D		General Government All Other - Land, Equipment, and Existing Structures
119A	PUBLIC	Police and Communications - Salaries	411,563	398,930	328,795	282,399	257,734	230,253
119B	SAFETY	Police and Communications - All other Direct	229,790	214,656	161,949	144,431	146,367	110,309
119C		Police and Communications - Construction
119D		Police and Communications - Land, Equipment and Existing Structures	77,605	119,204	35,718	42,098	44,776	26,087
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
122B		Fire - All other Direct
122C		Fire - Construction
122D		Fire - Land, Equipment, and Existing Structures
123A		Inspectors - Salaries	159,487	171,240	129,741	118,220	113,571	102,327
123B		Inspectors - All other Direct	95,485	108,236	77,386	62,018	61,752	48,528
123C		Inspectors - Construction
123D		Inspectors - Land, Equipment, and Existing Structures		25,049			25,846
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	77,601	63,548	91,976	76,313	69,259	54,706
128B		Streets and Highways - All other Direct	211,829	324,174	333,306	150,318	89,297	70,823
128C		Streets and Highways - Construction
128D		Streets and Highways - Land, Equipment and Existing Structures	1,163	42,061		35,500	32,607	33,328
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			165,000	120,723	24,523	15,779
130C		State Street Aid Allocation - Powell Bill - Construction
130D		State Street Aid Allocation - Powell Bill - Land, Equipment, and Existing Structures
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	34,859	31,240	27,687	24,581	21,641	20,367
136B	MENTAL	Solid Waste - All other Direct	62,894	43,504	76,730	86,132	87,959	103,778
136C	PROTECTION	Solid Waste - Construction
136D		Solid Waste - Land, Equipment, and Existing Structures						14,341
137A		Drainage and Watershed - Salaries
137B		Drainage and Watershed - All other Direct
137C		Drainage and Watershed - Construction
137D		Drainage and Watershed - Land, Equipment, and Existing Structures
138A		Cemeteries - Salaries
138B		Cemeteries - All other Direct
138C		Cemeteries - Construction
138D		Cemeteries - Land, Equipment, and Existing Structures
139A		Environmental Protection - All Other - Salaries
139B		Environmental Protection - All Other - All other Direct
139C		Environmental Protection - All Other - Construction
139D		Environmental Protection All Other - Land, Equipment, and Existing Structures
140A	ECONOMIC	Planning and Zoning - Salaries
140B	& PHYSICAL	Planning and Zoning - All other Direct				4,266	1,377	2,888
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
141C		Economic Development - Construction
141D		Economic Development - Land, Equipment, and Existing Structures
142A		Community Development - Salaries
142B		Community Development - All other Direct
142C		Community Development - Construction
142D		Community Development - Land, Equipment, and Existing Structures
143A		Housing and Urban Renewal - Salaries
143B		Housing and Urban Renewal - All other Direct
143C		Housing and Urban Renewal - Construction
143D		Housing and Urban Renewal - Land, Equipment, and Existing Structures
144A		Special Employment Programs (JTPA) - Salaries
144B		Special Employment Programs (JTPA) - All other Direct
144C		Special Employment Programs (JTPA) - Construction
144D		Special Employment Programs (JTPA) - Land, Equipment, and Existing Structures
145A		Economic and Physical Development - All Other - Salaries [A]	28,427	23,485
145B		Economic and Physical Development - All Other - All other Direct	2,346,368	604,447	526,131	185,821	1,212,645	327,187
145C		Economic and Physical Development - All Other - Construction
145D		Economic and Physical Development - All Other - Land, Equipment, and Existing Structures	208	10,195				2,548
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
153B	RECREATION	Recreation and Parks - All other Direct			33,184	2,675	13,416	15,492
153C		Recreation and Parks - Construction					78,907
153D		Recreation and Parks - Land, Equipment, and Existing Structures				220,644	37,024
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	271,714	146,757	116,831	141,159	132,946	119,629
158B		Water and Sewer - All other Direct	2,270,451	743,495	624,575	486,706	456,476	497,477
158C		Water and Sewer - Construction		1,256,620	6,162,316	9,293,699	3,400,745	86,105
158D		Water and Sewer - Land, Equipment, and Existing Structures	54,434		27,454	25,596	5,700	32,710
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	275,974	302,676	322,087
161D	SERVICE	Water and Sewer - Debt Service Principal Payments	985,667	455,418	406,118
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	6,162
166D		All Other - Debt Service Principal Payments	79,912	59,678
167B	PENSION	Direct Benefit Program - Pension Fund operated by the Unit
168B	FRINGE	Fringe Benefits Unallocated - (B)
169B		Separation Allowance - Law Enforcement Officers -(B)
170B		Separation Allowance - Other Employees - (B)
171B		Supplemental Retirement Income Plan for Law Enforcement Officers - (B)	30,464	20,986	15,394	13,003	12,825	10,466
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	1,553,648	1,317,211	1,282,950	1,249,428	1,210,448	1,071,198
180	OTHER	Current Year Levy Motor Vehicles Only	11,104	21,262	20,429	18,176	15,617	14,341
181	DATA	Uncollected Taxes - Current Year's Levy - Excluding Motor Vehicles	17,088	8,092	6,486	5,648	7,410	12,430
182		Uncollected Taxes - Current Year's Levy - Motor Vehicles	648	398	1,534	1,083	1,420	1,634
183		Percentage of Taxes Collected - Current Year All Property	98.87	99.37	99.38	99.47	99.28	98.70
184		Percentage of Taxes Collected - Current Year - Excluding Motor Vehicles	98.9	99.39	99.49	99.55	99.39	98.84
185		Percentage of Taxes Collected - Current Year - Motor Vehicles	94.16	98.13	92.49	94.04	90.91	88.61
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	10,776,645	9,221,018	6,879,425	10,681,876	9,249,448	11,310,980
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	12,343,087	8,311,287	6,520,690	12,900,067	13,767,235	3,447,264
194B	FISCAL	Amounts - Subtract proceeds of refunding debt
194C	SUMMARY	Amounts - Subtract interfund transfers in	500,000	29,045	82,773	152,083	281,900	112,000
194D		Amounts - Net Revenues per AFIR	11,843,087	8,282,242	6,437,917	12,747,984	13,485,335	3,335,264
		Calculated amount	11,843,087	8,282,242	6,437,917	12,747,984	13,485,335	3,335,264
		Amounts in AGREEMENT??	Yes	Yes	Yes	Yes	Yes	Yes
		Difference
195A		Amounts - Total Expenditures and other financing sources per audit	11,046,476	6,108,177	10,417,271	12,338,139	7,340,118	2,578,126
195B		Amounts - Subtract payments to refunding debt escrow agent
195C		Amounts - Subtract interfund transfers out	500,000	29,045	82,773	152,083	281,900	112,000
195D		Amounts Net Expenditures per AFIR	10,546,476	6,079,132	10,334,498	12,186,056	7,058,218	2,466,126
		Calculated amount	10,546,476	6,079,132	10,334,498	12,186,056	7,058,218	2,466,126
		Amounts in AGREEMENT??	Yes	Yes	Yes	Yes	Yes	Yes
		Difference

	PART 10

950		Name of Official Signatory	David W Hewett
951		Title of Official	Finance Officer
952		Date Certified	04/16/2009	04/10/2008	12/11/2006
953		Person to Contact	Marcie Spivey
954		Title of Person to Contact	CPA
955		Telephone Number	910-842-6844
956		Facsimile Number	910-842-9315

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

	2008	2007	2006	2005	2004	2003

Population	931	915	889	861	836	841
Population Group	No Electric 500 to 999	No Electric 500 to 999	No Electric 500 to 999	No Electric 500 to 999	No Electric 500 to 999	No Electric 500 to 999
Total Operating Revenues	$1,996,482	4,139,575	1,036,918	739,613	772,588	660,707
Total Operating Revenues Per Capita	$2,144	4,524	1,166	859	924	786
Group Weighted Average Revenues Per Capita	491	503	404	361	365	358
State Weighted Average Revenues Per Capita	364	367	356	331	308	295

% to Total Operating Revenues
Operating Expenses	150.94%	62.64%	78.18%	94.47%	84.85%	104.90%
Group Weighted Average	111.96%	101.46%	106.83%	114.56%	109.27%	110.60%
State Weighted Average	86.74%	82.44%	81.55%	85.60%	89.13%	90.84%

Operating Margin	-50.94%	37.36%	21.82%	5.53%	15.15%	-4.90%
Group Weighted Average	-11.96%	-1.46%	-6.83%	-14.56%	-9.27%	-10.60%
State Weighted Average	13.26%	17.56%	18.45%	14.40%	10.87%	9.16%

Operating Transfers In/(out)	-25.04%	-0.33%	-0.96%	-1.35%	-1.29%	0.00%
Group Weighted Average	-0.20%	2.51%	0.61%	-21.67%	-4.23%	0.57%
State Weighted Average	3.96%	-0.78%	-0.58%	-0.79%	-1.21%	-0.99%

Net Income before capital contributions	-7.89%	31.38%	140.98%	31.86%	1280.11%	2.18%
Group Weighted Average	-7.18%	1.42%	-1.26%	-30.31%	59.19%	-9.31%
State Weighted Average	13.45%	11.89%	9.65%	8.63%	2.88%	0.31%

Key Ratios and Cash Flow

Quick Ratio	3.68	3.37	2.81	3.56	45.09	11.61
Group Weighted Average	2.98	2.79	3.48	3.33	3.71	3.95
State Weighted Average	2.95	2.90	2.82	1.81	2.76	3.04

Days Sales in Receivables	185.6	266.9	582.9	891.6	1,197.3	102.8
Group Weighted Average	62.5	65.0	69.8	81.8	129.3	57.5
State Weighted Average	55.3	59.9	57.8	59.9	65.7	60.0

Days Cash on Hand	225.3	246.3	496.0	397.4	395.1	310.6
Group Weighted Average	382.6	386.6	400.6	362.5	421.0	387.4
State Weighted Average	457.8	497.5	458.0	423.5	407.9	414.8

Cash flow from Operations	-$562,171	2,148,233	56,044	132,912	1,196,908	44,837

Debt to Equity	0.37	0.46	0.52	0.61	0.02	0.00
Group Weighted Average	0.15	0.16	0.17	0.19	0.15	0.15
State Weighted Average	0.56	0.55	0.52	0.52	0.52	0.50

Debt per Capita	6,755	8,479	9,239	10,012	395	0
Group Weighted Average	613	660	612	625	501	435
State Weighted Average	1,136	1,091	989	929	855	852

Capital Expenditures:	2008	2007	2006	2005	2004	2003
	$54,434	1,256,620	6,189,770	9,319,295	3,406,445	118,815

	2002	2001	2000	1999
	$326,590	240,924	316,438	91,597

Capital Contributions: Excluded from income above	$0	0	75,000	0	0	0


Operating Statistics

Estimated population of the areas served Water	0	2,379	NA	NA	NA	NA
Estimated population of the areas served Sewer	0	2,379	NA	NA	NA	NA

Number of Gallons of Water Processed (000) omitted	148,631,700	148,978,700	NA	NA	NA	NA
Number of Gallons of Sewage Processed (000) omitted	148,631,700	148,978,700	NA	NA	NA	NA

Number of Gallons of Water Billed (000) omitted	104,435,012	127,307,356	NA	NA	NA	NA
Number of Gallons of Sewage Billed (000) omitted	96,358,108	57,464,352	NA	NA	NA	NA

Ratio of Water Billed to Water Processed	0.70264	0.85453	NA	NA	NA	NA
Ratio of Sewage Billed to Sewage Processed	0.64830	0.38572	NA	NA	NA	NA

Total Revenue from Water Sales	705,177	1,120,685	NA	NA	NA	NA
Total Revenue from Sewage Sales	791,625	481,789	NA	NA	NA	NA

Water Revenue per 1000 gallons of Sales		471.07398	NA	NA	NA	NA
Sewage Revenue per 1000 gallons of Sales		202.51744	NA	NA	NA	NA

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

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

Residential Water Sales per thousand Gallons	$0.00675	0.00880	NA	NA	NA	NA
Residential Sewage Sales per thousand Gallons	$0.00822	0.00838	NA	NA	NA	NA

Water Sales per thousand Gallons outside Municipal Limits			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

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 %	63.81%	72.15%	83.33%	67.03%	30.72%
Group average FBA %	108.69%	105.22%	101.57%	100.30%	87.97%
State average Electric/Non Electric Group FBA %	36.42%	36.90%	36.51%	37.14%	36.47%
State average FBA %	36.35%	36.76%	108.69%	36.37%	36.20%

Municipal Population Group: No Electric 500 to 999

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2004 2005 2006 2007 2008

Municipality 99.28% 99.47% 99.38% 99.37% 98.87%

Pop. Group 94.77% 95.90% 95.56% 96.02% 97.29%

Statewide 97.31% 97.42% 97.55% 97.59% 97.97%

Municipal Population Group: No Electric 500 to 999

	2004	2005	2006	2007	2008
Municipality	99.28%	99.47%	99.38%	99.37%	98.87%
Pop. Group	94.77%	95.90%	95.56%	96.02%	97.29%
Statewide	97.31%	97.42%	97.55%	97.59%	97.97%

Municipal Population Group: No Electric 500 to 999

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2004 2005 2006 2007 2008

Municipality 0 0 0 0 0

Pop. Group 267 227 223 212 216

Statewide 548 505 495 478 456

Municipal Population Group: 500 to 999

	2004	2005	2006	2007	2008
Municipality	0	0	0	0	0
Pop. Group	267	227	223	212	216
Statewide	548	505	495	478	456

Municipal Population Group: 500 to 999

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2004 2005 2006 2007 2008

Property Tax $1,474 1,477 1,479 1,468 1,671

Utility 829 777 1,071 2,003 3,834

Sales Tax 218 225 244 247 246

Sales & Services 57 68 118 14 2

Intergovernmental 167 218 273 196 379

Debt Proceeds 0 10,012 0 185 4,417

Other Miscellaneous 13,386 2,029 4,057 4,939 2,172

Total $16,131 14,806 7,242 9,052 12,721

	2004	2005	2006	2007	2008
Property Tax	$1,474	1,477	1,479	1,468	1,671
Utility	829	777	1,071	2,003	3,834
Sales Tax	218	225	244	247	246
Sales & Services	57	68	118	14	2
Intergovernmental	167	218	273	196	379
Debt Proceeds	0	10,012	0	185	4,417
Other Miscellaneous	13,386	2,029	4,057	4,939	2,172
Total	$16,131	14,806	7,242	9,052	12,721

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2008
2008

Category Revenue
Per Capita

Property Tax $1,555,954
$1,671

Water/Sewer 3,569,151
3,834

Electric 0
0

Other Utilities 0
0

Sales Tax 229,118
246

Sales & Services 2,185
2

Intergovernment 352,549
379

Debt Proceeds 4,112,202
4,417

Miscellaneous 2,021,928
2,172

Total $11,843,087
$12,721

Municipal Population Group: No Electric 500 to 999

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2008
2008

Category Expenditures
Per Capita

General Government $2,834,419
$3,044

Water/Sewer 2,596,599
2,789

Electric 0
0

Other Utilities 0
0

Debt Service 1,347,715
1,448

Transportation 290,593
312

Public Safety 1,004,394
1,079

Other 2,472,756
2,656

Total $10,546,476
$11,328

Municipal Population Group: No Electric 500 to 999

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2008
2008

Category Expenditures
Per Capita

Salaries & Wages $1,252,554
$1,345

Water/Sewer Capital 54,434
58

Electric Capital 0
0

Other Capital 1,846,451
1,983

Other Operating 7,393,037
7,941

Total $10,546,476
$11,328

Municipal Population Group: No Electric 500 to 999

Last Updated 8/27/2009 8:35:03 AM



	2008	2008
Category	Revenue	Per Capita
Property Tax	$1,555,954	$1,671
Water/Sewer	3,569,151	3,834
Electric	0	0
Other Utilities	0	0
Sales Tax	229,118	246
Sales & Services	2,185	2
Intergovernment	352,549	379
Debt Proceeds	4,112,202	4,417
Miscellaneous	2,021,928	2,172
Total	$11,843,087	$12,721

Municipal Population Group: No Electric 500 to 999

North CarolinaDepartment of State TreasurerFinancial InformationTown of Holden Beach

Financial Graphs and Comparisons

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