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			2011	2010	2009	2008	2007	2006
	Revenues by Source
		Property Tax	$1,536,086	1,516,856	1,500,826	1,555,954	1,343,417	1,314,901
		Utility	1,972,042	3,225,239	3,554,117	3,571,261	1,844,034	952,328
		Sales Tax	137,914	153,821	198,418	229,118	224,958	216,396
		Sales & Services	8,890	7,465	178,135	20,549	28,522	120,557
		Intergovernmental	283,013	838,311	1,875,869	352,549	179,630	242,930
		Debt Proceeds	4,122	169,648	1,304,339	4,137,354	173,009	2,130
		Other Miscellaneous	3,424,236	1,502,448	1,709,377	1,965,234	2,169,580	2,190,317
		Total	$7,366,303	7,413,788	10,321,081	11,832,019	5,963,150	5,039,559

	Expenditures by Function
		Utility	$2,475,068	2,393,614	2,646,641	2,596,599	2,146,872	6,931,176
		Debt Service	1,443,065	1,257,658	1,277,141	1,347,715	817,772	728,205
		Transportation	217,956	228,329	274,895	290,593	429,783	590,282
		General Government	671,786	691,506	3,529,694	2,834,419	913,533	672,120
		Public Safety	815,772	794,766	924,255	1,004,394	1,058,301	748,983
		Other	2,289,504	1,084,768	3,646,646	2,472,756	712,871	663,732
		Total	$7,913,151	6,450,641	12,299,272	10,546,476	6,079,132	10,334,498

	Expenditures by Object
		Salaries & Wages	$1,162,736	1,116,877	1,237,083	1,252,554	1,084,320	953,955
		Capital Outlay	1,372,803	108,658	3,497,170	1,900,885	1,455,211	6,247,861
		Other Operating + Debt Service	5,377,612	5,225,106	7,565,019	7,393,037	3,539,601	3,132,682
		Total	$7,913,151	6,450,641	12,299,272	10,546,476	6,079,132	10,334,498


	Per Capita Revenues by Source
		Property Tax	$2,653	1,574	1,592	1,671	1,468	1,479
		Utility	3,406	3,346	3,769	3,836	2,015	1,071
		Sales Tax	238	158	210	246	247	244
		Sales & Services	15	8	189	22	31	136
		Intergovernmental	489	870	1,989	379	196	273
		Debt Proceeds	7	176	1,383	4,444	189	2
		Other Miscellaneous	5,914	1,559	1,813	2,111	2,371	2,464
		Total	$12,722	7,691	10,945	12,709	6,517	5,669

	Per Capita Expenditures by Function
		Utility	$4,275	2,483	2,807	2,789	2,346	7,797
		Debt Service	2,492	1,305	1,354	1,448	894	819
		Transportation	376	237	292	312	470	664
		General Government	1,161	718	3,743	3,044	998	755
		Public Safety	1,409	824	980	1,079	1,157	843
		Other	3,954	1,125	3,867	2,656	779	747
		Total	$13,667	6,692	13,043	11,328	6,644	11,625

	Per Capita Expenditures by Object
		Salaries & Wages	$2,008	1,159	1,312	1,345	1,185	1,073
		Capital Outlay	2,371	113	3,709	2,042	1,590	7,028
		Other Operating	9,288	5,420	8,022	7,941	3,869	3,524
		Total	$13,667	6,692	13,043	11,328	6,644	11,625

	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	88	99	94	96	96	95
		Average Population In Group	714	727	726	729	726	727
		Town of Holden Beach Population	579	964	943	931	915	889
	Group Average Per Capita Revenues by Source
		Property Tax	393	411	400	400	335	298
		Utility	445	425	444	423	366	312
		Sales Tax	129	135	165	190	167	155
		Sales & Services	81	67	58	55	51	47
		Intergovernmental	272	320	399	298	361	357
		Debt Proceeds	88	35	90	96	29	45
		Other Miscellaneous	193	146	180	178	232	165
		Total	1,601	1,539	1,736	1,640	1,541	1,379

	Group Average Per Capita Expenditures by Function
		Utility	563	441	428	437	404	484
		Debt Service	118	105	110	97	83	71
		Transportation	114	135	122	148	153	117
		General Government	246	258	309	321	313	224
		Public Safety	308	283	301	294	250	241
		Other	205	279	382	291	279	292
		Total	1,554	1,501	1,652	1,588	1,482	1,429

	Group Average Per Capita Expenditures by Object
		Salaries & Wages	426	425	419	406	352	309
		Capital Outlay	320	241	302	298	334	370
		Other Operating	808	835	931	884	796	750
		Total	1,554	1,501	1,652	1,588	1,482	1,429


General Fund Go to top of page			2011	2010	2009	2008	2007	2006
	General Fund revenues		$2,167,651	-	-	-	-	-
	General Fund expenditures		2,417,858	-	-	-	-	-
	Operating transfers in		811,089	-	-	-	-	-
	Operating transfers out		63,684	-	-	-	-	-
	Capital leases and installment purchase proceeds		69,614	-	-	-	-	-
	Other items		-	-	-	-	-	-
	Excess of revenues and other sources over (under) expenditures and other uses		566,812	-	-	-	-	-

	Fund balance available (FBA):
		In dollars	$1,223,715	663,035	1,456,722	1,027,598	1,596,308	1,731,381
		FBA as a % of GF Net Expenditures:
		Unit's FBA %	50.74	21.40	78.39	30.72	67.03	83.33
		Group weighted average FBA %	125.41	100.58	103.21	88.65	100.61	101.57
		State weighted average Non-Electric Group	26.68	38.71	37.89	36.66	37.39	37.38
		State weighted average FBA %	29.01	37.47	37.03	36.35	36.54	36.96


Enterprise Funds: Go to top of page
	Water/Sewer

	Combined financial results:
		Working capital	$1,980,762	-	-	-	-	-
		Quick ratio	3.66	0.00	0.00	0.00	0.00	0.00
		Net income	274,418	0	0	0	0	0
		Cashflow from operations	538,720	0	0	0	0	0
		Depreciation & Amortization Expense	489,485	0	0	0	0	0



Cash, Investments and Financing Go to top of page			2011	2010	2009	2008	2007	2006

		Population at July 1st of the Previous Year	579	964	943	931	915	889
		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	$9,130,796	$9,107,493	$7,169,343	$10,776,645	$9,221,018	$6,879,425
		Investment Earnings	12,954	10,077	164,659	305,214	339,995	339,508
		Tax Rate Equivalent	0.0006	0.0005	0.0074	0.0135	0.0457	0.0469
		Tax Rate Equivalent Group weighted average	0.0034	0.0051	0.0185	0.0245	0.0375	0.0327
		Tax Rate Equivalent Statewide weighted average	0.0156	0.0247	0.0133	0.0524	0.0920	0.0573
		Latest year of Revaluation	2007	2007	2007	2007	2003	2003
		January 1, Prior Year Assessed Valuation	$2,221,534,213	2,218,186,427	2,229,664,753	2,262,924,985	743,636,134	723,222,235
		Tax Rate	0.0690	0.0690	0.0690	0.0690	0.1800	0.1800
		Tax Rate Group weighted average	0.2132	0.1922	0.1910	0.1936	0.2310	0.2737
		Tax Rate State Wide	0.4122	0.4090	0.4262	0.4238	0.4450	0.4321
		Assessment -to-Sales Ratio	97.27	113.59	98.07	99.29	62.50	80.00
		Assessment -to-Sales Ratio Group weighted average	96.17	101.44	87.47	87.75	77.67	88.06
		Assessment -to-Sales Ratio Statewide	101.47	98.27	90.81	88.53	88.41	92.28
		Assessed Valuation Adjusted for Assesment to Sales Ratio	$2,283,884,253	1,952,800,798	2,273,544,155	2,279,106,642	1,189,817,814	904,027,794
		EffectiveTax Rate	0.0671	0.0784	0.0677	0.0685	0.1125	0.1440
		Group weighted average Effective Tax Rate	0.2050	0.1950	0.1670	0.1699	0.1794	0.2410
		Statewide weighted average Effective Tax Rate	0.4183	0.4020	0.3870	0.3752	0.3934	0.3987
		Percent Collected	95.7200	96.1100	96.3400	98.8700	99.3700	99.3800
		Percent Collected Group weighted average	96.25	95.20	95.59	96.16	96.02	95.56
		Percent Collected Statewide	97.59	97.36	97.34	97.56	97.58	97.55
		Percent Collected Excluding Motor Vehicles	95.74	96.12	96.35	98.90	99.39	99.49
		Percent Collected Excluding Motor Vehicles Group weighted average	96.64	96.47	96.77	97.36	97.36	97.10
		Percent Collected Excluding Motor Vehicles Statewide weighted average	98.35	98.23	98.30	98.65	98.59	98.61
		Percent Collected Motor Vehicles Only	91.56	92.67	92.77	94.16	98.13	92.49
		Percent Collected Motor Vehicles Only Group weighted average	84.30	81.89	83.96	83.47	81.48	82.58
		Percent Collected Motor Vehicles Only Statewide weighted average	87.28	86.34	86.55	86.74	86.71	86.80
		Tax Uncollected	71,220	65,139	62,252	28,192	29,354	26,915
		Tax Rate Equivalent	0.0032	0.0029	0.0028	0.0012	0.0039	0.0037
		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	178	193	200	215	212	223
		Total Per Capita Statewide	450	449	455	456	478	495
		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	0.0954%	0.0895%	0.0813%	0.0884%	0.1085%	0.1673%
		Total per Assessed Valuation Adjusted for Current Year Sales - Statewide	0.4280%	0.4134%	0.3909%	0.4132%	0.4706%	0.5275%
		Total Authorized but not Issued General Obligation Debt

		Installment Sales Purchases and Lease Obligations
		--Enterprise	$5,198,492	5,726,976	6,236,162	6,726,755	7,758,465	8,213,882
		--General Government	3,191,954	3,600,000	3,800,000	4,000,000	0	0
		Total*	$8,390,446	9,326,976	10,036,162	10,726,755	7,758,465	8,213,882
		* 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	2011	2010	2009	2008	2007	2006
	Population at July 1st of the Previous Year Adjusted for Boundry Changes		579	964	943	931	915	889

1.5A	FISCAL	Governmental Activities Assets	13,851,464	13,400,808	13,032,378	12,462,804	8,325,047	7,267,267
1.5B	SUMMARY	Governmental Activities Liabilities	4,305,371	4,671,368	5,106,111	4,590,787	333,202	149,756
3.5A		Business Type Activities Assets	23,081,746	23,420,614	23,536,705	23,797,673	24,916,068	24,228,466
3.5B		Business Type Activities Liabilties	5,420,589	6,033,875	6,648,082	6,964,826	7,925,672	8,537,130
6.5A		Fiduciary Funds Assets
6.5B		Fiduciary Funds Liabilties
10.0	PART 2	Current Collections of Unit -Wide Levy	1,474,420	1,474,580	1,496,186	1,548,608	1,329,577	1,296,027
11.0	TAX	Current Collections of Special Tax Districts
12.0	REVENUES	Prior Years' Levy Collections	50,304	34,889	553	2,339	9,006	12,227
13.0		Penalties and Interest	11,362	7,387	4,087	5,007	4,834	6,647
14.0		Collections of Taxes Previously Written Off
15.0		Animal Tax
15.1		Solid Waste Disposal Tax
16.0		1% Local Government Option Sales Tax	62,255	69,055	82,756	95,136	91,681	93,498
17.0		1/2% Local Government Option Sales Tax (40)	40,526	39,777	43,825	46,623	45,777	41,512
18.0		1/2% Local Government Option Sales Tax (42)	35,691	35,309	43,302	46,115	45,261	41,060
18.5		1/2% Local Government Option Sales Tax (44)	-558	9,680	28,535	41,244	42,239	40,326
19.0		Privilege Licenses	6,487	7,544	7,942	7,421	9,237	9,335
19.2		Privilege -- All other privileges and pemits
20.0		Auto Licenses	3,364	2,689	3,511	2,643	3,339	5,006
21.0		Vehicle Tax for Public Transportation
22.0		Other Licenses	8,771	7,483	59,911	7,555	58,804	34,204
23.0		Local Occupancy Tax	1,520,605	1,345,386	1,392,260	1,487,243	1,495,606	1,098,392
24.0		Prepared Food Tax
25.0		911 Charges
26.0		Gross Short Term lease and Rental Tax
27.0	FEDERAL	Payments In Lieu of Taxes - Federal
28.0	INTERGOV	Equitable Sharing of Fed. Forfeited Prop.
29.0	REVENUES	General Government
30.0		Public Safety						11,913
31.0		Transportation - Streets
32.0		Transportation - All Other
33.0		Environmental Protection			1,668,953
34.0		Econ. & Phys. Dev. - Housing/Comm. Dev.
35.0		Econ. & Phys. Dev. - All Other					11,400
36.0		Human Services: Health, Mental Hlt & Hosp
37.0		Human Services: All Other
38.0		Culture & Recreation
39.0	STATE	Payments In Lieu of Taxes - State
40.0	INTERGOV	Unauthorized Substance Tax
41.0	REVENUES	Transitional Hold Harmless	37,476	28,197	9,150
42.0		Wireless Enhanced 911 Service Charges
42.1		Emergency Telephone Services Fund (ETSF) Revenues (Do not include interest)
42.2		ETSF Interest Income
43.0		Piped Natural Gas Charge Distribution
44.0		Utility Franchise Tax	201,048	200,131	149,218	189,444	120,878	104,942
45.0		Beer and Wine Tax	4,249	1,345	4,181	4,215	4,017	3,803
46.0		Powell Bill	40,042	39,399	44,160	48,965	43,330	43,424
50.0		Court Fees - Facilities and Arrest Fees	198	239	207	160	5	30
51.0		General Government
52.0		Public Safety						3,818
53.0		Transportation - Streets						75,000
54.0		Transportation - All Other
55.0		Environmental Protection		569,000		109,765
56.0		Econ. & Phys. Dev. - Housing/Community Dev
57.0		Econ. & Phys. Dev. - All Other
58.0		Human Services -Health, Mental Health, Hosp
59.0		Human Services - All Other
60.0		Culture and Recreation
61.0	LOCAL	Payments in Lieu of Taxes - Local
62.0	INTERGOV	General Government
63.0	REVENUES	Public Safety
64.0		Transportation - Streets
65.0		Transportation - All Other
66.0		Environmental Protection
67.0		Economic and Physical Development
68.0		Human Services - Health, Mental Hlt & Hosp
69.0		Human Services - All Other
70.0		Culture and Recreation
71.0	PERMITS	Building Permits	72,529	75,626	39,613	65,734	115,998	118,346
72.0	& FEES	Inspection Fees	52,386	49,917	41,600	48,181	102,247	37,840
72.1		Amusements licensing and permit taxes
73.0		Other Permits	8,365	7,140	178,110	20,474	27,472	15,760
74.0	SALES &	Parking Revenues	525	325	25	75	1,050	1,863
75.0	SERVICES	Rents and Royalties						102,934
76.0		Airport
77.0		Fire Protection Charges
78.0		Solid Waste
79.0		Ambulance and Rescue Squad Charges
80.0		Cemeteries
81.0		Recreation Service Revenues
82.0		Library Service Revenues
83.0		Other Cultural and Rec Service Revenues
84.0		Mass Transit - City Operated
85.0		Other Sales and Services	240,309	132,446	453,717	2,110	11,517
86.0	UTILITY	Water and Sewer Charges	1,731,733	3,092,793	3,100,400	3,569,151	1,832,517	952,328
87.0	REVENUES	Electric Charges
88.0		Gas Charges
88.1		Storm Water Fees
89.0	MISC.	Investment Earnings - Bond Proceeds
90.0	REVENUES	Investment Earnings - All Other Funds	12,954	10,077	164,659	305,214	339,995	339,508
91.0		Special Assessments	1,670,701			13,122	6,813	538,487
92.0		Private Contributions and Donations	200					1,545
93.0		Sales of Materials and Fixed Assets	6,625	3,726	-119	28,121	37,541	7,654
94.0		Sale of Real Property
95.0		Nongovt Contr For Streets & Traffic Signals
96.0		ABC Mixed Drink Surcharge
97.0		ABC Profit Distribution
98.0		Other Miscellaneous Revenues	4,122	169,648	121,575	25,152	3,300	2,130
99.0		Proceeds of Sale of Bonds and Notes			1,182,764	4,112,202	169,709
100.0		Proceeds of Capital Leases/Install Purchases	69,614
101.0		Other	49,610	6,382	89,971	11,068	2,319,092	1,398,358
102.0	NON-REV	School - Current Levy Collections
103.0	RECEIPTS	Prior Years' Levy Collections
104.0		Tax Collections for Other Units
105.0		Utilities Customer's Deposits
106.0		Deposits Other than Utility
107.0		Prepaid Taxes
108.0		Prepaid Privilege Licenses
109A	PART 4	Governing Body - Salaries & Wages	7,800	7,229	7,764	12,674	7,800	7,500
109B	GENERAL	Governing Body - Other Direct	103,141	118,695	152,290	385,022	231,614	59,115
109C	GOVT	Governing Body - Construction
109D		Governing Body - Purchase of P,P&E		43,839	268,713	915,084
110A		Administration - Salaries & Wages	246,013	268,230	287,504	256,229	241,320	251,425
110B		Administration - Other Direct	304,710	312,996	252,012	313,862	430,717	283,074
110C		Administration - Construction
110D		Administration - Purchase of P,P&E				58,218	2,082	22,373
111A		Elections - Salaries & Wages
111B		Elections - Other Direct
111C		Elections - Construction
111D		Elections - Purchase of P,P&E
112A		Finance - Salaries & Wages
112B		Finance - Other Direct
112C		Finance - Construction
112D		Finance - Purchase of P,P&E
113A		Taxes - Salaries & Wages
113B		Taxes - Other Direct
113C		Taxes - Construction
113D		Taxes - Purchase of P,P&E
114A		Legal - Salaries & Wages
114B		Legal - Other Direct
114C		Legal - Construction
114D		Legal - Purchase of P,P&E
115A		Public Buildings - Salaries & Wages
115B		Public Buildings - Other Direct	3,122	3,890	261,480	99,157		47,414
115C		Public Buildings - Construction	7,000	-63,373	2,299,931	794,173
115D		Public Buildings - Purchase of P,P&E
116A		Court Facilities - Salaries & Wages
116B		Court Facilities - Other Direct
116C		Court Facilities - Construction
116D		Court Facilities - Purchase of P,P&E
117A		Central Services - Salaries & Wages
117B		Central Services - Other Direct
117C		Central Services - Construction
117D		Central Services - Purchase of P,P&E
118A		Gen. Govt. All Other - Salaries & Wages
118B		Gen. Govt. All Other - Other Direct						1,219
118C		Gen. Govt. All Other - Construction
118D		Gen. Govt. All Other - Purchase of P,P&E
119A	PUBLIC	Police & Comm - Traffic Control - Salaries and Wages	324,800	355,483	418,470	411,563	398,930	328,795
119B	SAFETY	Police & Comm - Traffic Control - Other Direct	226,395	227,325	237,357	229,790	214,656	161,949
119C		Police & Comm - Traffic Control - Construction
119D		Police & Comm - Traffic Control - Purchase of P,P&E	26,478			77,605	119,204	35,718
120A		Emergency Communications - Salaries & Wages
120B		Emergency Communications - Other Direct
120C		Emergency Communications - Construction
120D		Emergency Communications - Purchase of P,P&E
120B		Emergency Telephone Service Fund (ETSF) Expenditures - Operating
120C		ETSF Expenditures - Capital Construction
120D		ETSF Expenditures - Capital Purchases
121A		Emergency Mgmt - Salaries & Wages
121B		Emergency Mgmt - Other Direct
121C		Emergency Mgmt - Construction
121D		Emergency Mgmt - Purchase of P,P&E
122A		Fire - Salaries & Wages
122B		Fire - Other Direct
122C		Fire - Construction
122D		Fire - Purchase of P,P&E
123A		Inspectors - Salaries & Wages	97,909	83,892	137,129	159,487	171,240	129,741
123B		Inspectors - Other Direct	86,233	99,376	101,258	95,485	108,236	77,386
123C		Inspectors - Construction
123D		Inspectors - Purchase of P,P&E	34,347				25,049
124A		Rescue Units - Salaries & Wages
124B		Rescue Units - Other Direct
124C		Rescue Units - Construction
124D		Rescue Units - Purchase of P,P&E
125A		Animal Control - Salaries & Wages
125B		Animal Control - Other Direct
125C		Animal Control - Construction
125D		Animal Control - Purchase of P,P&E
126A		Pub. Safety All Other - Salaries & Wages
126B		Pub. Safety All Other - Other Direct
126C		Pub. Safety All Other - Construction
126D		Pub. Safety All Other - Purchase of P,P&E
127A	TRANSPOR	Traffic Engineering - Salaries & Wages
127B	TATION	Traffic Engineering - Other Direct
127C		Traffic Engineering - Construction
127D		Traffic Engineering - Purchase of P,P&E
128A		Streets and Highways - Salaries & Wages	62,835	67,883	95,429	77,601	63,548	91,976
128B		Streets and Highways - Other Direct	155,121	160,446	179,466	211,829	324,174	333,306
128C		Streets and Highways - Construction
128D		Streets and Highways - Purchase of P,P&E				1,163	42,061
129A		Street Cleaning - Salaries & Wages
129B		Street Cleaning - Other Direct
129C		Street Cleaning - Construction
129D		Street Cleaning - Purchase of P,P&E
130A		Powell Bill - Salaries & Wages
130B		Powell Bill - Other Direct						165,000
130C		Powell Bill - Construction
130D		Powell Bill - Purchase of P,P&E
131A		Parking Facilities - Salaries & Wages
131B		Parking Facilities - Other Direct
131C		Parking Facilities - Construction
131D		Parking Facilities - Purchase of P,P&E
132A		Mass Transit - City - Salaries & Wages
132B		Mass Transit - City - Other Direct
132C		Mass Transit - City - Construction
132D		Mass Transit - City - Purchase of P,P&E
133B		Mass Transit - Private - Other Direct
134A		Airport - Salaries & Wages
134B		Airport - Other Direct
134C		Airport - Construction
134D		Airport - Purchase of P,P&E
135A		Transpor. All Other - Salaries & Wages
135B		Transpor. All Other - Other Direct
135C		Transpor. All Other - Construction
135D		Transpor. All Other - Purchase of P,P&E
136A	ENVIRON	Solid Waste - Salaries & Wages	38,922	35,564	39,851	34,859	31,240	27,687
136B	MENTAL	Solid Waste - Other Direct	72,618	63,759	60,930	62,894	43,504	76,730
136C	PROTECTION	Solid Waste - Construction
136D		Solid Waste - Purchase of P,P&E
137A		Drainage & Watershed - Salaries & Wages
137B		Drainage & Watershed - Other Direct
137C		Drainage & Watershed - Construction
137D		Drainage & Watershed - Purchase of P,P&E
138A		Cemeteries - Salaries & Wages
138B		Cemeteries - Other Direct
138C		Cemeteries - Construction
138D		Cemeteries - Purchase of P,P&E
139A		Environ. All Other - Salaries & Wages
139B		Environ. All Other - Other Direct	18,187	39,262	307,552
139C		Environ. All Other - Construction		47,772	542,081
139D		Environ. All Other - Purchase of P,P&E
140A	ECONOMIC	Planning & Zoning - Salaries & Wages
140B	& PHYSICAL	Planning & Zoning - Other Direct
140C	DEVELOP	Planning & Zoning - Construction
140D		Planning & Zoning - Purchase of P,P&E
141A		Economic Development - Salaries & Wages
141B		Economic Development - Other Direct
141C		Economic Development - Construction
141D		Economic Development - Purchase of P,P&E
142A		Community Development - Salaries & Wages
142B		Community Development - Other Direct
142C		Community Development - Construction
142D		Community Development - Purchase of P,P&E
143A		Housing & Urban Renewal - Salaries & Wages
143B		Housing & Urban Renewal - Other Direct
143C		Housing & Urban Renewal - Construction
143D		Housing & Urban Renewal - Purchase of P,P&E
144A		Special Empl Programs - Salaries & Wages
144B		Special Empl Programs - Other Direct
144C		Special Empl Programs - Construction
144D		Special Empl Programs - Purchase of P,P&E
145A		Econ. Dev. All Other - Salaries & Wages	163,033	99,224	24,887	28,427	23,485
145B		Econ. Dev. All Other - Other Direct	761,517	770,966	2,671,166	2,346,368	604,447	526,131
145C		Econ. Dev. All Other - Construction
145D		Econ. Dev. All Other - Purchase of P,P&E	1,235,227	28,221	179	208	10,195
146A	HUMAN	Health - Salaries & Wages
146B	SERVICES	Health - Other Direct
146C		Health - Construction
146D		Health - Purchase of P,P&E
147A		Mental Health - Salaries & Wages
147B		Mental Health - Other Direct
147C		Mental Health - Construction
147D		Mental Health - Purchase of P,P&E
148A		Social Services - Salaries & Wages
148B		Social Services - Other Direct
148C		Social Services - Construction
148D		Social Services - Purchase of P,P&E
149B		Hospital-City - Other Direct
150B		Hospital-Private - Other Direct
151A		Legal Aid - Salaries & Wages
151B		Legal Aid - Other Direct
151C		Legal Aid - Construction
151D		Legal Aid - Purchase of P,P&E
152A		Human Serv. All Other - Salaries & Wages
152B		Human Serv. All Other - Other Direct
152C		Human Serv. All Other - Construction
152D		Human Serv. All Other - Purchase of P,P&E
153A	CULTURE	Recreation & Parks - Salaries & Wages
153B	RECREATION	Recreation & Parks - Other Direct						33,184
153C		Recreation & Parks - Construction
153D		Recreation & Parks - Purchase of P,P&E
154A		Coliseum - Salaries & Wages
154B		Coliseum - Other Direct
154C		Coliseum - Construction
154D		Coliseum - Purchase of P,P&E
155A		Museums - Salaries & Wages
155B		Museums - Other Direct
155C		Museums - Construction
155D		Museums - Purchase of P,P&E
156A		Libraries - Salaries & Wages
156B		Libraries - Other Direct
156C		Libraries - Construction
156D		Libraries - Purchase of P,P&E
157A		Cult. & Recr. All Other - Salaries & Wages
157B		Cult. & Recr. All Other - Other Direct
157C		Cult. & Recr. All Other - Construction
157D		Cult. & Recr. All Other - Purchase of P,P&E
158A	UTILITY	Water & Sewer - Salaries & Wages	221,424	199,372	226,049	271,714	146,757	116,831
158B		Water & Sewer - Other Direct	2,183,893	2,142,043	2,034,326	2,270,451	743,495	624,575
158C		Water & Sewer - Construction					1,256,620	6,162,316
158D		Water & Sewer - Purchase of P,P&E	69,751	52,199	386,266	54,434		27,454
159A		Electric Power - Salaries & Wages
159B		Electric Power - Other Direct
159C		Electric Power - Construction
159D		Electric Power - Purchase of P,P&E
160A		Natural Gas - Salaries & Wages
160B		Natural Gas - Other Direct
160C		Natural Gas - Construction
160D		Natural Gas - Purchase of P,P&E
161.1A		Storm Water - Salaries & Wages
161.1B		Storm Water - Other Direct
161.1C		Storm Water - Construction
161.1D		Storm Water - Purchase of P,P&E
161B	DEBT	Water & Sewer - Interest & Fees	233,897	232,683	265,961	275,974	302,676	322,087
161D	SERVICE	Water & Sewer - Principal	598,242	588,080	572,170	985,667	455,418	406,118
162B		Electric - Interest & Fees
162D		Electric - Principal
163B		Gas - Interest & Fees
163D		Gas - Principal
164B		School - Interest & Fees
164D		School - Principal
165B		Hospital - Interest & Fees
165D		Hospital - Principal
166B		All Other - Interest & Fees	183,623	184,970	158,609	6,162
166D		All Other - Principal	427,303	251,925	280,401	79,912	59,678
167B	PENSION	Direct Benefit Program - Other Direct
168B	FRINGE	Fringe Benefits Unallocated
169B		Separation Allowance - Law Enforcement
170B		Separation Allowance - Other Employees
171B		Supplemental Retirement - Law Enforcement	19,610	28,690	30,041	30,464	20,986	15,394
172B		Fringe Benefits Other
173A	INTERGOV	Multi-Cnty Libr Dis,Cnty,Or Other - Recipient
173B	EXPEND	Multi-Cnty Libr Dis,Cnty,Or Other - Item #
173C		Multi-Cnty Libr Dis,Cnty,Or Other - Amount
174A		Gen Gov Activities Shared W/ Cnty - Recipient
174B		Gen Gov Activities Shared W/ Cnty - Item #
174C		Gen Gov Activities Shared W/ Cnty - Amount
175A		Highways (Payments to State) - Recipient
175B		Highways (Payments to State) - Item No.
175C		Highways (Payments to State) - Amount
176A		Other - Intergovt. Expenditures - Recipient
176B		Other - Intergovt. Expenditures - Item #
176C		Other - Intergovt. Expenditures - Amount
177A		Other - Intergovt. Expenditures - Recipient
177B		Other - Intergovt. Expenditures - Item #
177C		Other - Intergovt. Expenditures - Amount
178A		Other - Intergovt. Expenditures - Recipient
178B		Other - Intergovt. Expenditures - Item #
178C		Other - Intergovt. Expenditures - Amount
179.0		Current year's levy -- Excluding motor vehicles	1,530,676.	1,518,561.00	1,525,549.00	1,553,648.00	1,317,211.00	1,282,950.00
180.0		Current year's levy -- Motor vehicles (only)	6,008.	6,275.00	6,581.00	11,104.00	21,262.00	20,429.00
181.0	PART 6	Uncollected Taxes - Current Year's Levy Except Mot Veh	65,212.	58,864.00	55,671.00	17,088.00	8,092.00	6,486.00
182.0	OTHER	Uncollected Taxes - CY Levy -Motor Vehicles	507	460	476	648	398	1,534
183.0	DATA	Percentage of Taxes Collected - All Property %	95.72	96.11	96.34	98.87	99.37	99.38
184.0	DATA	Percentage of Taxes Collected - Exclude Motor Vehicles%	95.74	96.12	96.35	98.90	99.39	99.49
185.0		Percentage of Taxes Collected - Motor Vehicles %	91.56	92.67	92.77	94.16	98.13	92.49
186.0		Ttl Amt Salaries/Wages for Construction
187A		Capital Reserve Schools - July 1, 2009
187B		Capital Reserve Schools - June 30, 2010
188A		Capital Reserve Hospitals - July 1, 2009
188B		Capital Reserve Hospitals - June 30, 2010
189A	PART 7	Cash On Hand & in Bank - Debt Service
189B	CASH &	Cash On Hand & in Bank - Construction Bond
189C	INVEST	Cash On Hand & in Bank - All Other	9,130,796	9,107,493	7,169,343	10,776,645	9,221,018	6,879,425
190A	PART	Appropriations Made During FY - B(1) - B(7)
190B	8	Expenditures Made During FY - B(1) - B(7)
191.0		Investment in Property - B(1) - B(4)
192.0		Amount Expended During FY - B(5) and B(7)
193.0		Amount of Tax Revenues Taken Into Account
194A	PART 9	Amount - Total Revenues	8,290,686	8,207,729	10,571,052	12,343,087	8,311,287	6,520,690
194B	FISCAL	Amount - Subtract Refunding Bond Proceeds
194C	SUMMARY	Amount - Subtract Interfund Transfers In	874,773	787,559	160,000	500,000	29,045	82,773
194D		Amount - Net Revenues	7,415,913	7,420,170	10,411,052	11,843,087	8,282,242	6,437,917
		Calculated amount	7,415,913	7,420,170	10,411,052	11,843,087	8,282,242	6,437,917
		Amounts in AGREEMENT??	Yes	Yes	Yes	Yes	Yes	Yes
		Difference
195A		Amount - Total Expenditures	8,787,924	7,238,200	12,459,272	11,046,476	6,108,177	10,417,271
195B		Amount - Subtract Pymts. to Refunded Debt Agent
195C		Amount - Subtract Interfund Transfers Out	874,773	787,559	160,000	500,000	29,045	82,773
195D		Amount - Net Expenditures	7,913,151	6,450,641	12,299,272	10,546,476	6,079,132	10,334,498
		Calculated amount	7,913,151	6,450,641	12,299,272	10,546,476	6,079,132	10,334,498
		Amounts in AGREEMENT??	Yes	Yes	Yes	Yes	Yes	Yes
		Difference

401A	Part 10	Number of residential accounts billed Water
401B	Water /	Number of residential accounts billed Sewer					2,379
402A	Sewer	Amount processed and/or purchased in units Water	149	142,796,500	126,480,000	148,631,700	148,978,700
402B	Operations	Amount processed and/or purchased in units Sewer	149	82,571,000	126,480,000	148,631,700	148,978,700
403A		Total amount billed in units - Water	114	117,501,409	111,341,450	104,435,012	127,307,356
403B		Total amount billed in units - Sewer	84	86,042,104	103,913,367	96,358,108	57,464,352
404A		Of the total in 403A above how many units were Residential W	114	117,501,409	111,341,450	104,435,012	127,307,356
404B		Of the total in 403B above how many units were Residential S
405A		Of the total in 403 above, how many units were Outside Muni W
405B		Of the total in 403 above, how many units were Outside Muni S
406A		Of the total in 405A above how many units were Residential W
406B		Of the total in 405B above how many units were Residential S
407A		Of the total in 403A, how many units were sold for redistribution
407B		Of the total in 403B how many unit were delivered in bulk	721,793	700,555	719,124	705,177	1,120,685
408A		Dollars related to 403A above	771,492	735,200	785,949	791,625	481,789
408B		Dollars related to 403B above	721,793	700,555	719,124	705,177	1,120,685
409A		Dollars related to 404A above	771,492	735,200	785,959	791,625	481,789
409B		Dollars related to 404B above
410A		Dollars related to 405A above
410B		Dollars related to 405B above
411A		Dollars related to 406A above
411B		Dollars related to 406B above
412A		Dollars related to 407A above
412B		Dollars related to 407B above	2,408	2,539	2,389	2,382
421A		Number of residential accounts billed - Water	2,251	2,272	1,984	2,382
421B		Number of residential accounts billed - Sewer
422A		Number of non-residential & bulk accounts billed - Water
422B		Number of non-residential & bulk accounts billed - Sewer	2	2	2	2	2	2
423A		Estimated percentage of accounts outside of municipal limits



950.0		Official	David Hewett
951.0		Title	Town Manager
952.0		Date	12/20/2011	11/08/2010	11/24/2009	04/16/2009	04/10/2008	12/11/2006
953.0		Contact	David Hewett
954.0		Title	Town Manager
955.0		Phone	910-842-6488
956.0		Fax	910-842-9315
957.0		E-Mail:

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

	2011	2010	2009	2008	2007	2006

Population	579	964	943	931	915	889
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	$0	0	0	0	0	0
Total Operating Revenues Per Capita	$0	0	0	0	0	0
Group Weighted Average Revenues Per Capita	24	275	277	274	258	215
State Weighted Average Revenues Per Capita	7	272	252	255	255	249

% to Total Operating Revenues
Operating Expenses	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Group Weighted Average	109.63%	108.37%	108.99%	108.37%	108.05%	109.50%
State Weighted Average	91.62%	83.21%	87.12%	84.06%	80.00%	79.32%

Operating Margin	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Group Weighted Average	-9.63%	-8.37%	-8.99%	-8.37%	-8.05%	-9.50%
State Weighted Average	8.38%	16.79%	12.88%	15.94%	20.00%	20.68%

Operating Transfers In	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Group Weighted Average	9.10%	1.06%	5.05%	4.83%	8.65%	8.02%
State Weighted Average	27.09%	1.59%	1.20%	1.28%	1.10%	1.57%

Operating Transfers Out	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Group Weighted Average	8.76%	0.62%	0.69%	0.94%	4.11%	5.64%
State Weighted Average	52.67%	1.55%	2.65%	3.15%	1.86%	2.84%

Net Income before capital contributions	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Group Weighted Average	285.37%	28.10%	44.73%	20.28%	46.94%	46.03%
State Weighted Average	643.66%	15.82%	-9.92%	18.20%	25.61%	24.40%

Key Ratios and Cash Flow

Quick Ratio	3.66	N/A	N/A	N/A	N/A	N/A
Group Weighted Average	3.85	3.46	3.30	2.93	2.76	3.51
State Weighted Average	4.02	3.21	2.82	2.96	2.91	2.83

Days Sales in Receivables	8.0	N/A	N/A	N/A	N/A	N/A
Group Weighted Average	3.7	62.5	55.9	47.5	49.0	47.0
State Weighted Average	1.2	57.9	58.5	56.7	61.6	59.8

Days Cash on Hand	0.0	0.0	0.0	0.0	0.0	0.0
Group Weighted Average	-35.5	602.4	648.8	600.1	591.3	635.4
State Weighted Average	-16.4	614.6	560.8	588.9	647.0	571.9

Cash flow from Operations	$538,720	0	0	0	0	0

Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.00
Group Weighted Average	0.02	0.12	0.12	0.13	0.14	0.15
State Weighted Average	0.22	0.59	0.54	0.54	0.55	0.55

Debt per Capita	0	0	0	0	0	0
Group Weighted Average	5	273	283	311	316	288
State Weighted Average	8	897	783	781	761	733

Capital Expenditures:	2011	2010	2009	2008	2007	2006
	$0	0	0	0	0	0

	2005	2004	2003	2002
	$9,319,295	3,406,445	118,815	326,590

Capital Contributions: Excluded from income above	$0	0	0	0	0	0


Operating Statistics

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

Number of Gallons of Water Processed (000) omitted	149	142,796,500	126,480,000	148,631,700	148,978,700	NA
Number of Gallons of Sewage Processed (000) omitted	149	82,571,000	126,480,000	148,631,700	148,978,700	NA

Number of Gallons of Water Billed (000) omitted	114	117,501,409	111,341,450	104,435,012	127,307,356	NA
Number of Gallons of Sewage Billed (000) omitted	84	86,042,104	103,913,367	96,358,108	57,464,352	NA

Ratio of Water Billed to Water Processed	0.76435	0.82286	0.88031	0.70264	0.85453	NA
Ratio of Sewage Billed to Sewage Processed	0.56556	1.04204	0.82158	0.64830	0.38572	NA

Total Revenue from Water Sales	721,793	700,555	719,124	705,177	1,120,685	NA
Total Revenue from Sewage Sales	771,492	735,200	785,949	791,625	481,789	NA

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

Group Average Sales per thousand Gallons Water	$0.00381	$25.16691	$28.47236	$12,972.02948	$5,350.70834	NA
Group Average Sales per thousand Gallons Sewage	$0.00272	$48.57325	$47.83284	$11,816.81710	$3,994.76021	NA

State Average Sales per thousand Gallons Water	$0.00381	$25.16691	$28.47236	$12,972.02948	$5,350.70834	NA
State Average Sales per thousand Gallons Sewage	$0.00272	$48.57325	$47.83284	$11,816.81710	$3,994.76021	NA

Residential Water Sales per thousand Gallons	$6,352.69319	0.00596	0.00646	0.00675	0.00880	NA
Residential Sewage Sales per thousand Gallons	$9,176.78125	0.00854	0.00756	0.00822	0.00838	NA

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

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

	2007	2008	2009	2010	2011
Unit's FBA %	67.03%	30.72%	78.39%	21.40%	50.74%
Group average FBA %	100.61%	88.65%	103.21%	100.58%	125.41%
State average Electric/Non Electric Group FBA %	37.39%	36.66%	37.89%	38.71%	26.68%
State average FBA %	36.54%	36.35%	100.61%	37.47%	29.01%

Municipal Population Group: No Electric 500 to 999

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2007 2008 2009 2010 2011

Municipality 99.37% 98.87% 96.34% 96.11% 95.72%

Pop. Group 96.02% 96.16% 95.59% 95.20% 96.25%

Statewide 97.58% 97.56% 97.34% 97.36% 97.59%

Municipal Population Group: No Electric 500 to 999

	2007	2008	2009	2010	2011
Municipality	99.37%	98.87%	96.34%	96.11%	95.72%
Pop. Group	96.02%	96.16%	95.59%	95.20%	96.25%
Statewide	97.58%	97.56%	97.34%	97.36%	97.59%

Municipal Population Group: No Electric 500 to 999

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2007 2008 2009 2010 2011

Municipality 0 0 0 0 0

Pop. Group 212 215 200 193 178

Statewide 478 456 455 449 450

Municipal Population Group: 500 to 999

	2007	2008	2009	2010	2011
Municipality	0	0	0	0	0
Pop. Group	212	215	200	193	178
Statewide	478	456	455	449	450

Municipal Population Group: 500 to 999

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2007 2008 2009 2010 2011

Property Tax $1,468 1,671 1,592 1,574 2,653

Utility 2,015 3,836 3,769 3,346 3,406

Sales Tax 247 246 210 158 238

Sales & Services 31 22 189 8 15

Intergovernmental 196 379 1,989 870 489

Debt Proceeds 189 4,444 1,383 176 7

Other Miscellaneous 2,371 2,111 1,813 1,559 5,914

Total $6,517 12,709 10,945 7,691 12,722

	2007	2008	2009	2010	2011
Property Tax	$1,468	1,671	1,592	1,574	2,653
Utility	2,015	3,836	3,769	3,346	3,406
Sales Tax	247	246	210	158	238
Sales & Services	31	22	189	8	15
Intergovernmental	196	379	1,989	870	489
Debt Proceeds	189	4,444	1,383	176	7
Other Miscellaneous	2,371	2,111	1,813	1,559	5,914
Total	$6,517	12,709	10,945	7,691	12,722

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2011
2011

Category Revenue
Per Capita

Property Tax $1,536,086
$2,653

Water/Sewer 240,309
415

Electric 1,731,733
2,991

Other Utilities 0
0

Sales Tax 137,914
238

Sales & Services 8,890
15

Intergovernment 283,013
489

Debt Proceeds 4,122
7

Miscellaneous 3,424,236
5,914

Total $7,366,303
$12,722

Municipal Population Group: No Electric 500 to 999

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2011
2011

Category Expenditures
Per Capita

General Government $671,786
$1,161

Water/Sewer 0
0

Electric 2,475,068
4,275

Other Utilities 0
0

Debt Service 1,443,065
2,492

Transportation 217,956
376

Public Safety 815,772
1,409

Other 2,289,504
3,954

Total $7,913,151
$13,667

Municipal Population Group: No Electric 500 to 999

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2011
2011

Category Expenditures
Per Capita

Salaries & Wages $1,162,736
$2,008

Water/Sewer Capital 0
0

Electric Capital 69,751
120

Other Capital 1,303,052
2,251

Other Operating 5,377,612
9,288

Total $7,913,151
$13,667

Municipal Population Group: No Electric 500 to 999

Last Updated 2/5/2012 2:37:33 PM



	2011	2011
Category	Revenue	Per Capita
Property Tax	$1,536,086	$2,653
Water/Sewer	240,309	415
Electric	1,731,733	2,991
Other Utilities	0	0
Sales Tax	137,914	238
Sales & Services	8,890	15
Intergovernment	283,013	489
Debt Proceeds	4,122	7
Miscellaneous	3,424,236	5,914
Total	$7,366,303	$12,722

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