North Carolina
Department of State Treasurer
Financial Information
Town of Pine Knoll Shores

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

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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	$1,596,069	1,635,373	1,565,682	1,153,825	1,037,117	1,010,728
		Utility	814,608	642,543	646,788	579,173	520,133	308,826
		Sales Tax	692,483	699,788	719,766	908,802	955,237	903,141
		Sales & Services	471,663	451,829	440,686	391,037	429,562	284,790
		Intergovernmental	292,482	288,237	347,359	289,583	4,072,755	459,093
		Debt Proceeds	41,154	28,315	30,294	47,579	52,327	4,060,472
		Other Miscellaneous	1,435,266	876,835	924,841	1,556,372	1,843,541	1,678,196
		Total	$5,343,725	4,622,920	4,675,416	4,926,371	8,910,672	8,705,246

	Expenditures by Function
		Utility	$565,269	418,166	466,492	256,032	204,557	3,841,571
		Debt Service	2,491,455	2,259,614	2,326,775	2,367,077	1,036,101	1,091,939
		Transportation	150,804	165,826	70,217	51,800	67,683	133,150
		General Government	808,453	713,683	725,955	665,754	622,228	521,792
		Public Safety	1,333,521	1,324,474	1,311,117	1,364,820	1,811,567	1,340,753
		Other	1,504,730	463,990	419,428	383,947	4,299,769	466,241
		Total	$6,854,232	5,345,753	5,319,984	5,089,430	8,041,905	7,395,446

	Expenditures by Object
		Salaries & Wages	$1,258,989	1,323,967	1,270,886	1,235,155	957,440	851,000
		Capital Outlay	819,463	177,948	46,850	45,813	544,243	3,897,797
		Other Operating + Debt Service	4,775,780	3,843,838	4,002,248	3,808,462	6,540,222	2,646,649
		Total	$6,854,232	5,345,753	5,319,984	5,089,430	8,041,905	7,395,446


	Per Capita Revenues by Source
		Property Tax	$1,188	1,001	976	721	643	631
		Utility	606	393	403	362	322	193
		Sales Tax	514	428	448	567	593	564
		Sales & Services	351	277	275	244	266	178
		Intergovernmental	218	176	216	181	2,523	287
		Debt Proceeds	31	17	19	30	32	2,536
		Other Miscellaneous	1,068	537	576	972	1,142	1,048
		Total	$3,976	2,829	2,913	3,077	5,521	5,437

	Per Capita Expenditures by Function
		Utility	$421	256	291	160	127	2,399
		Debt Service	1,854	1,383	1,450	1,478	642	682
		Transportation	112	101	44	32	42	83
		General Government	601	437	452	417	386	327
		Public Safety	992	811	817	852	1,122	837
		Other	1,120	284	261	240	2,664	291
		Total	$5,100	3,272	3,315	3,179	4,983	4,619

	Per Capita Expenditures by Object
		Salaries & Wages	$937	810	792	771	593	532
		Capital Outlay	610	109	29	29	337	2,435
		Other Operating	3,553	2,353	2,494	2,379	4,053	1,652
		Total	$5,100	3,272	3,315	3,179	4,983	4,619

	Population Group		No Electric 1,000 to 2,499	No Electric 1,000 to 2,499	No Electric 1,000 to 2,499	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	102	96	100	101	101	103
		Average Population In Group	1,623	1,660	1,652	1,661	1,642	1,638
		Town of Pine Knoll Shores Population	1,344	1,634	1,605	1,601	1,614	1,601
	Group Average Per Capita Revenues by Source
		Property Tax	433	414	422	406	369	348
		Utility	472	435	436	423	430	399
		Sales Tax	154	153	178	201	195	180
		Sales & Services	103	82	76	80	77	71
		Intergovernmental	274	233	228	217	220	243
		Debt Proceeds	36	39	33	46	38	46
		Other Miscellaneous	100	129	162	261	203	273
		Total	1,572	1,485	1,535	1,634	1,532	1,560

	Group Average Per Capita Expenditures by Function
		Utility	465	499	531	572	461	487
		Debt Service	139	130	154	126	110	108
		Transportation	148	142	148	140	142	131
		General Government	239	204	216	265	201	222
		Public Safety	391	348	350	384	346	326
		Other	197	177	201	203	206	205
		Total	1,579	1,500	1,600	1,690	1,466	1,479

	Group Average Per Capita Expenditures by Object
		Salaries & Wages	527	465	480	450	427	402
		Capital Outlay	244	258	302	483	305	373
		Other Operating	808	777	818	757	733	704
		Total	1,579	1,500	1,600	1,690	1,465	1,479


General Fund Go to top of page			2011	2010	2009	2008	2007	2006
	General Fund revenues		$3,040,115	-	-	-	-	-
	General Fund expenditures		3,827,203	-	-	-	-	-
	Operating transfers in		50,000	-	-	-	-	-
	Operating transfers out		-	-	-	-	-	-
	Capital leases and installment purchase proceeds		574,607	-	-	-	-	-
	Other items		-	-	-	-	-	-
	Excess of revenues and other sources over (under) expenditures and other uses		(162,481)	-	-	-	-	-

	Fund balance available (FBA):
		In dollars	$1,435,038	1,564,846	1,550,642	863,304	3,362,845	4,139,715
		FBA as a % of GF Net Expenditures:
		Unit's FBA %	44.12	48.17	57.63	12.24	45.45	120.38
		Group weighted average FBA %	73.24	66.79	66.05	62.44	65.48	64.58
		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	$500,617	-	-	-	-	-
		Quick ratio	5.50	0.00	0.00	0.00	0.00	0.00
		Net income	214,538	0	0	0	0	0
		Cashflow from operations	364,813	0	0	0	0	0
		Depreciation & Amortization Expense	115,752	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	1,344	1,634	1,605	1,601	1,614	1,601
		Population Group	No Electric 1,000 to 2,499	No Electric 1,000 to 2,499	No Electric 1,000 to 2,499	No Electric 1,000 to 2,499	No Electric 1,000 to 2,499	No Electric 1,000 to 2,499
		Cash &Investments	$2,447,753	$4,068,521	$4,650,916	$1,531,255	$4,054,171	$4,564,010
		Investment Earnings	7,354	10,730	79,955	221,958	285,705	173,589
		Tax Rate Equivalent	0.0005	0.0008	0.0058	0.0165	0.0495	0.0310
		Tax Rate Equivalent Group weighted average	0.0031	0.0045	0.0131	0.0261	0.0409	0.0283
		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	2001	2001
		January 1, Prior Year Assessed Valuation	$1,386,717,419	1,383,670,483	1,381,250,031	1,348,812,366	577,091,229	560,025,713
		Tax Rate	0.1150	0.1150	0.1150	0.0850	0.1800	0.1800
		Tax Rate Group weighted average	0.2777	0.2970	0.2983	0.2860	0.3424	0.3297
		Tax Rate State Wide	0.4122	0.4090	0.4262	0.4238	0.4450	0.4321
		Assessment -to-Sales Ratio	98.03	112.65	98.40	100.00	60.44	77.79
		Assessment -to-Sales Ratio Group weighted average	100.82	97.69	86.77	88.94	79.96	85.71
		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	$1,414,584,738	1,228,291,596	1,403,709,381	1,348,812,366	954,816,726	719,919,929
		EffectiveTax Rate	0.1127	0.1295	0.1132	0.0850	0.1088	0.1400
		Group weighted average Effective Tax Rate	0.2800	0.2901	0.2589	0.2544	0.2737	0.2826
		Statewide weighted average Effective Tax Rate	0.4183	0.4020	0.3870	0.3752	0.3934	0.3987
		Percent Collected	98.4700	99.3700	98.0900	99.9100	99.8000	99.8200
		Percent Collected Group weighted average	96.53	95.37	95.99	96.86	97.18	96.94
		Percent Collected Statewide	97.59	97.36	97.34	97.56	97.58	97.55
		Percent Collected Excluding Motor Vehicles	98.50	99.40	98.11	99.95	99.98	100.00
		Percent Collected Excluding Motor Vehicles Group weighted average	97.18	95.99	96.67	97.78	98.01	97.76
		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	95.08	95.16	94.41	96.39	93.78	93.98
		Percent Collected Motor Vehicles Only Group weighted average	84.33	85.45	84.60	85.16	86.07	85.54
		Percent Collected Motor Vehicles Only Statewide weighted average	87.28	86.34	86.55	86.74	86.71	86.80
		Tax Uncollected	53,764	32,686	63,032	26,406	30,311	30,319
		Tax Rate Equivalent	0.0039	0.0024	0.0046	0.0020	0.0053	0.0054
		Dominant County: Carteret
	Debt Information
		Population Group	1,000 to 2,499	1,000 to 2,499	1,000 to 2,499	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	$3,804,000	5,647,000	7,404,000	9,143,000	10,835,000	11,146,000
		General Government GO Debt	0	0	0	0	0	0
		Total General Obligation Debt	3,804,000	5,647,000	7,404,000	9,143,000	10,835,000	11,146,000
		Per Capita	$2,830	3,456	4,613	5,711	6,713	6,962
		Total Per Capita for the Population Group	236	256	265	277	294	297
		Total Per Capita Statewide	450	449	455	456	478	495
		Total per Assessed Valuation Adjusted for Current Year Sales	0.2689%	0.4597%	0.5275%	0.6779%	1.1348%	1.5482%
		Total per Assessed Valuation Adjusted for Current Year Sales- Group Average	0.1642%	0.1838%	0.1750%	0.1852%	0.2336%	0.2606%
		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	$1,600,000	1,600,000	1,600,000	1,600,000	1,600,000	1,600,000

		Installment Sales Purchases and Lease Obligations
		--Enterprise	$0	0	0	0	0	0
		--General Government	440,420	162,222	188,889	215,556	242,222	268,889
		Total*	$440,420	162,222	188,889	215,556	242,222	268,889
		* 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		1,344	1,634	1,605	1,601	1,614	1,601

1.5A	FISCAL	Governmental Activities Assets	7,758,622	8,562,110	9,415,362	9,833,085	10,228,988	9,387,813
1.5B	SUMMARY	Governmental Activities Liabilities	2,631,009	4,296,274	6,076,015	7,892,090	4,321,784	9,729,467
3.5A		Business Type Activities Assets	4,105,669	3,921,134	3,979,371	4,261,407	9,635,659	4,101,149
3.5B		Business Type Activities Liabilties	3,876,346	3,906,351	3,957,239	3,989,129	4,016,000	4,016,000
6.5A		Fiduciary Funds Assets	31,175	16,732	29,169	41,078	52,185	50,418
6.5B		Fiduciary Funds Liabilties
10.0	PART 2	Current Collections of Unit -Wide Levy	1,575,019	1,580,922	1,559,021	1,149,058	1,033,170	1,007,732
11.0	TAX	Current Collections of Special Tax Districts	763,651	773,456	755,987	1,249,095	1,211,072	1,167,468
12.0	REVENUES	Prior Years' Levy Collections	14,245	44,567	1,710	2,497	1,565	2,674
13.0		Penalties and Interest	6,805	9,884	4,951	2,270	2,382	322
14.0		Collections of Taxes Previously Written Off
15.0		Animal Tax
15.1		Solid Waste Disposal Tax			732
16.0		1% Local Government Option Sales Tax	417,894	328,294	321,801	400,887	477,619	451,571
17.0		1/2% Local Government Option Sales Tax (40)	127,618	126,231	145,623	172,153	238,809	225,785
18.0		1/2% Local Government Option Sales Tax (42)	146,434	124,413	143,550	170,002	238,809	225,785
18.5		1/2% Local Government Option Sales Tax (44)	537	120,850	108,792	165,760
19.0		Privilege Licenses				3,877	3,304	3,489
19.2		Privilege -- All other privileges and pemits	4,807	3,868	3,774
20.0		Auto Licenses
21.0		Vehicle Tax for Public Transportation
22.0		Other Licenses	33,472	35,462	36,100	35,850	32,181	30,282
23.0		Local Occupancy Tax						225,000
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	15,000	5,320	26,416	68,615	211,696	286,963
31.0		Transportation - Streets
32.0		Transportation - All Other	63,677	27,298
33.0		Environmental Protection	10,891
34.0		Econ. & Phys. Dev. - Housing/Comm. Dev.
35.0		Econ. & Phys. Dev. - All Other					3,543,854
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
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	136,237	131,267	131,944	120,583	124,586	101,606
45.0		Beer and Wine Tax	7,202	2,715	7,851	7,822	7,234	6,952
46.0		Powell Bill	49,522	48,750	55,063	61,238	54,724	55,263
50.0		Court Fees - Facilities and Arrest Fees	2,838	5,339	4,720	4,915	8,733	8,309
51.0		General Government
52.0		Public Safety	465	40,400	1,300	2,185	79,876
53.0		Transportation - Streets
54.0		Transportation - All Other
55.0		Environmental Protection		21,087	114,230	11,747	42,052
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	6,650	6,061	5,835	12,478
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	33,840	27,449	32,358	43,742	36,026	59,733
72.0	& FEES	Inspection Fees
72.1		Amusements licensing and permit taxes
73.0		Other Permits
74.0	SALES &	Parking Revenues
75.0	SERVICES	Rents and Royalties	80,222	69,260	64,342	63,600	96,000
76.0		Airport
77.0		Fire Protection Charges
78.0		Solid Waste	352,677	342,495	342,166	298,216	304,261	258,909
79.0		Ambulance and Rescue Squad Charges	38,764	40,074	34,178	29,221	29,301	25,881
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
86.0	UTILITY	Water and Sewer Charges	814,608	642,543	646,788	579,173	520,133	308,826
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	7,354	10,730	79,955	221,958	285,705	173,589
91.0		Special Assessments
92.0		Private Contributions and Donations	17,535	22,702	16,667			10,000
93.0		Sales of Materials and Fixed Assets		3,168		1,850	3,189	8,635
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	41,154	28,315	30,294	47,579	52,327	60,072
99.0		Proceeds of Sale of Bonds and Notes						4,000,400
100.0		Proceeds of Capital Leases/Install Purchases	574,607				272,064
101.0		Other
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						2,250
106.0		Deposits Other than Utility
107.0		Prepaid Taxes
108.0		Prepaid Privilege Licenses
109A	PART 4	Governing Body - Salaries & Wages	18,000	18,000	18,000	18,000	9,000	23,310
109B	GENERAL	Governing Body - Other Direct	92,701	96,525	97,017	91,049	74,259	64,468
109C	GOVT	Governing Body - Construction
109D		Governing Body - Purchase of P,P&E
110A		Administration - Salaries & Wages	215,290	198,440	198,286	238,294	140,718	120,375
110B		Administration - Other Direct	201,458	180,984	149,418	98,811	120,082	81,144
110C		Administration - Construction
110D		Administration - Purchase of P,P&E						8,312
111A		Elections - Salaries & Wages
111B		Elections - Other Direct
111C		Elections - Construction
111D		Elections - Purchase of P,P&E
112A		Finance - Salaries & Wages					36,481	33,851
112B		Finance - Other Direct					13,960	11,544
112C		Finance - Construction
112D		Finance - Purchase of P,P&E
113A		Taxes - Salaries & Wages					37,440	36,818
113B		Taxes - Other Direct
113C		Taxes - Construction
113D		Taxes - Purchase of P,P&E
114A		Legal - Salaries & Wages
114B		Legal - Other Direct					24,657	17,314
114C		Legal - Construction
114D		Legal - Purchase of P,P&E
115A		Public Buildings - Salaries & Wages	85,930	89,809	79,377	86,449	28,859	16,000
115B		Public Buildings - Other Direct	84,665	71,838	183,857	133,151	99,132	83,671
115C		Public Buildings - Construction
115D		Public Buildings - Purchase of P,P&E	110,409	58,087			37,640	24,985
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
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	228,882	343,780	315,721	336,067	289,244	275,057
119B	SAFETY	Police & Comm - Traffic Control - Other Direct	156,239	148,037	196,209	219,198	276,087	181,749
119C		Police & Comm - Traffic Control - Construction
119D		Police & Comm - Traffic Control - Purchase of P,P&E	26,923		18,661		47,321	23,675
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	104,147	62,608	55,527	51,280	46,585	43,108
121B		Emergency Mgmt - Other Direct	67,121	47,893	24,968	28,558	46,864	195,941
121C		Emergency Mgmt - Construction
121D		Emergency Mgmt - Purchase of P,P&E					38,883
122A		Fire - Salaries & Wages	365,591	373,493	352,934	342,534	134,282	105,117
122B		Fire - Other Direct	257,727	226,881	207,433	207,315	141,594	89,633
122C		Fire - Construction
122D		Fire - Purchase of P,P&E		7,516	7,467	2,266	364,101
123A		Inspectors - Salaries & Wages	70,713	71,086	70,504	96,706	89,557	82,566
123B		Inspectors - Other Direct	31,297	28,221	31,582	50,602	47,349	52,322
123C		Inspectors - Construction
123D		Inspectors - Purchase of P,P&E	14,156
124A		Rescue Units - Salaries & Wages					134,283	105,177
124B		Rescue Units - Other Direct					141,594	89,633
124C		Rescue Units - Construction
124D		Rescue Units - Purchase of P,P&E						84,054
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					593	730
128B		Streets and Highways - Other Direct	24,655	89,376	28,956	25,928	32,937	105,474
128C		Streets and Highways - Construction
128D		Streets and Highways - Purchase of P,P&E
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	6,869	4,416	7,932	630	10,398	3,335
130B		Powell Bill - Other Direct	33,180	13,010	33,329	25,242	23,755	23,611
130C		Powell Bill - Construction
130D		Powell Bill - Purchase of P,P&E	13,323
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	72,777	59,024
135D		Transpor. All Other - Purchase of P,P&E
136A	ENVIRON	Solid Waste - Salaries & Wages						5,556
136B	MENTAL	Solid Waste - Other Direct					290,794	291,167
136C	PROTECTION	Solid Waste - Construction
136D		Solid Waste - Purchase of P,P&E
137A		Drainage & Watershed - Salaries & Wages
137B		Drainage & Watershed - Other Direct					62,410	29,651
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				88
139B		Environ. All Other - Other Direct	803,967	137,978	102,412	42,558	54,485
139C		Environ. All Other - Construction
139D		Environ. All Other - Purchase of P,P&E	372,555	1,500	3,041
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						139,867
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
145B		Econ. Dev. All Other - Other Direct	328,208	324,512	313,975	341,301	3,892,080
145C		Econ. Dev. All Other - Construction
145D		Econ. Dev. All Other - Purchase of P,P&E
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
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	163,567	162,335	172,605	65,107
158B		Water & Sewer - Other Direct	192,382	204,010	276,206	145,069	148,259	84,800
158C		Water & Sewer - Construction
158D		Water & Sewer - Purchase of P,P&E	209,320	51,821	17,681	43,547	56,298	3,756,771
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				2,309
161.1C		Storm Water - Construction
161.1D		Storm Water - Purchase of P,P&E
161B	DEBT	Water & Sewer - Interest & Fees	158,890	160,956	163,103	165,000	165,000	125,408
161D	SERVICE	Water & Sewer - Principal	52,000	50,000	48,000	46,000
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	139,578	211,040	299,372	383,336	440,858	464,870
166D		All Other - Principal	2,140,987	1,837,618	1,816,300	1,772,741	430,243	501,661
167B	PENSION	Direct Benefit Program - Other Direct
168B	FRINGE	Fringe Benefits Unallocated
169B		Separation Allowance - Law Enforcement			12,321	12,321
170B		Separation Allowance - Other Employees
171B		Supplemental Retirement - Law Enforcement	10,725	14,959	17,790	17,973	13,823	12,721
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	2,356,595.	2,350,658.00	2,341,254.00	2,375,029.00	1,005,247.00	977,412.00
180.0		Current year's levy -- Motor vehicles (only)	18,382.	18,674.00	18,896.00	25,176.00	30,062.00	30,319.00
181.0	PART 6	Uncollected Taxes - Current Year's Levy Except Mot Veh	35,382.	14,012.00	44,136.00	1,230.00	249.00	0.00
182.0	OTHER	Uncollected Taxes - CY Levy -Motor Vehicles	904	903	1,056	910	1,870	1,825
183.0	DATA	Percentage of Taxes Collected - All Property %	98.47	99.37	98.09	99.91	99.80	99.82
184.0	DATA	Percentage of Taxes Collected - Exclude Motor Vehicles%	98.50	99.40	98.11	99.95	99.98	100.00
185.0		Percentage of Taxes Collected - Motor Vehicles %	95.08	95.16	94.41	96.39	93.78	93.98
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	2,447,753	4,068,521	4,650,916	1,531,255	4,054,171	4,564,010
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	5,393,725	5,099,920	4,957,533	9,516,518	9,208,753	8,720,246
194B	FISCAL	Amount - Subtract Refunding Bond Proceeds
194C	SUMMARY	Amount - Subtract Interfund Transfers In	50,000	477,000	281,385	4,590,147	298,081	15,000
194D		Amount - Net Revenues	5,343,725	4,622,920	4,676,148	4,926,371	8,910,672	8,705,246
		Calculated amount	5,343,725	4,622,920	4,676,148	4,926,371	8,910,672	8,705,246
		Amounts in AGREEMENT??	Yes	Yes	Yes	Yes	Yes	Yes
		Difference
195A		Amount - Total Expenditures	6,904,232	5,822,753	5,601,369	9,679,577	8,339,986	7,410,446
195B		Amount - Subtract Pymts. to Refunded Debt Agent
195C		Amount - Subtract Interfund Transfers Out	50,000	477,000	281,385	4,590,147	298,081	15,000
195D		Amount - Net Expenditures	6,854,232	5,345,753	5,319,984	5,089,430	8,041,905	7,395,446
		Calculated amount	6,854,232	5,345,753	5,319,984	5,089,430	8,041,905	7,395,446
		Amounts in AGREEMENT??	Yes	Yes	Yes	Yes	Yes	Yes
		Difference

401A	Part 10	Number of residential accounts billed Water					12,977
401B	Water /	Number of residential accounts billed Sewer
402A	Sewer	Amount processed and/or purchased in units Water	146	144	148	215,119	126,957
402B	Operations	Amount processed and/or purchased in units Sewer
403A		Total amount billed in units - Water	122	108	134	192,042	126,957
403B		Total amount billed in units - Sewer
404A		Of the total in 403A above how many units were Residential W	98	87	133	163,596	104,105
404B		Of the total in 403B above how many units were Residential S					13,511
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					12,977
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	746,885	614,307	675,809	592,640	666,604
408A		Dollars related to 403A above
408B		Dollars related to 403B above	619,950	526,813	670,000	506,446	646,301
409A		Dollars related to 404A above
409B		Dollars related to 404B above					75,671
410A		Dollars related to 405A above
410B		Dollars related to 405B above					72,262
411A		Dollars related to 406A above
411B		Dollars related to 406B above
412A		Dollars related to 407A above
412B		Dollars related to 407B above	1,643	1,565	3,868	1,576
421A		Number of residential accounts billed - Water
421B		Number of residential accounts billed - Sewer	58	58	78	72
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	Julie Anderson
951.0		Title	Finance Director
952.0		Date	12/14/2011	10/22/2010	11/18/2009	11/18/2008	03/28/2008	02/14/2007
953.0		Contact	Julie Anderson
954.0		Title	Finance Director
955.0		Phone	252-247-4353
956.0		Fax	252-247-4355
957.0		E-Mail:

Go to top of page Key Ratios and Operations Statistics of Water and Sewer Systems for
Town of Pine Knoll Shores

	2011	2010	2009	2008	2007	2006

Population	1,344	1,634	1,605	1,601	1,614	1,601
Population Group	No Electric 1,000 to 2,499	No Electric 1,000 to 2,499	No Electric 1,000 to 2,499	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	34	289	290	290	274	263
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	99.05%	105.51%	106.51%	104.66%	105.75%	103.04%
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	0.95%	-5.51%	-6.51%	-4.66%	-5.75%	-3.04%
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	16.51%	10.42%	6.34%	4.91%	3.25%	3.52%
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	18.35%	1.61%	7.42%	1.88%	2.88%	15.74%
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	-77.01%	11.11%	-26.45%	26.08%	15.63%	14.62%
State Weighted Average	643.66%	15.82%	-9.92%	18.20%	25.61%	24.40%

Key Ratios and Cash Flow

Quick Ratio	5.50	N/A	N/A	N/A	N/A	N/A
Group Weighted Average	3.96	3.33	3.09	2.80	3.18	3.56
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	4.1	45.5	45.4	50.5	49.9	43.3
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	-105.6	471.6	447.9	455.0	692.9	524.2
State Weighted Average	-16.4	614.6	560.8	588.9	647.0	571.9

Cash flow from Operations	$364,813	0	0	0	0	0

Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.00
Group Weighted Average	0.27	0.24	0.26	0.29	0.27	0.28
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	38	422	451	482	433	421
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
	$0	0	0	0

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	3,876	NA
Estimated population of the areas served Sewer	0	0	0	0	0	NA

Number of Gallons of Water Processed (000) omitted	146	144	148	215,119	126,957	NA
Number of Gallons of Sewage Processed (000) omitted	0	0	0	0	0	NA

Number of Gallons of Water Billed (000) omitted	122	108	134	192,042	126,957	NA
Number of Gallons of Sewage Billed (000) omitted	0	0	0	0	0	NA

Ratio of Water Billed to Water Processed	0.83698	0.74901	0.90607	0.89272	1.00000	NA
Ratio of Sewage Billed to Sewage Processed						NA

Total Revenue from Water Sales	746,885	614,307	675,809	592,640	666,604	NA
Total Revenue from Sewage Sales	0	0	0	0	0	NA

Water Revenue per 1000 gallons of Sales					171.98246	NA
Sewage Revenue per 1000 gallons of Sales						NA

Group Average Sales per thousand Gallons Water	$0.00016	$58.68442	$27.87923	$1,769.81984	$14,046.04813	NA
Group Average Sales per thousand Gallons Sewage	$0.00023	$82.78241	$36.57171	$899.82774	$7,994.92601	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	$6,307.35578	6,036.58760	5,022.11229	3.09571	6.20816	NA
Residential Sewage Sales per thousand Gallons						NA

Water Sales per thousand Gallons outside Municipal Limits					5.60070	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 %	45.45%	12.24%	57.63%	48.17%	44.12%
Group average FBA %	65.48%	62.44%	66.05%	66.79%	73.24%
State average Electric/Non Electric Group FBA %	37.39%	36.66%	37.89%	38.71%	26.68%
State average FBA %	36.54%	36.35%	65.48%	37.47%	29.01%

Municipal Population Group: No Electric 1,000 to 2,499

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2007 2008 2009 2010 2011

Municipality 99.80% 99.91% 98.09% 99.37% 98.47%

Pop. Group 97.18% 96.86% 95.99% 95.37% 96.53%

Statewide 97.58% 97.56% 97.34% 97.36% 97.59%

Municipal Population Group: No Electric 1,000 to 2,499

	2007	2008	2009	2010	2011
Municipality	99.80%	99.91%	98.09%	99.37%	98.47%
Pop. Group	97.18%	96.86%	95.99%	95.37%	96.53%
Statewide	97.58%	97.56%	97.34%	97.36%	97.59%

Municipal Population Group: No Electric 1,000 to 2,499

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2007 2008 2009 2010 2011

Municipality 6,713 5,711 4,613 3,456 2,830

Pop. Group 294 277 265 256 236

Statewide 478 456 455 449 450

Municipal Population Group: 1,000 to 2,499

	2007	2008	2009	2010	2011
Municipality	6,713	5,711	4,613	3,456	2,830
Pop. Group	294	277	265	256	236
Statewide	478	456	455	449	450

Municipal Population Group: 1,000 to 2,499

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2007 2008 2009 2010 2011

Property Tax $643 721 976 1,001 1,188

Utility 322 362 403 393 606

Sales Tax 593 567 448 428 514

Sales & Services 266 244 275 277 351

Intergovernmental 2,523 181 216 176 218

Debt Proceeds 32 30 19 17 31

Other Miscellaneous 1,142 972 576 537 1,068

Total $5,521 3,077 2,913 2,829 3,976

	2007	2008	2009	2010	2011
Property Tax	$643	721	976	1,001	1,188
Utility	322	362	403	393	606
Sales Tax	593	567	448	428	514
Sales & Services	266	244	275	277	351
Intergovernmental	2,523	181	216	176	218
Debt Proceeds	32	30	19	17	31
Other Miscellaneous	1,142	972	576	537	1,068
Total	$5,521	3,077	2,913	2,829	3,976

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2011
2011

Category Revenue
Per Capita

Property Tax $1,596,069
$1,188

Water/Sewer 0
0

Electric 814,608
606

Other Utilities 0
0

Sales Tax 692,483
514

Sales & Services 471,663
351

Intergovernment 292,482
218

Debt Proceeds 41,154
31

Miscellaneous 1,435,266
1,068

Total $5,343,725
$3,976

Municipal Population Group: No Electric 1,000 to 2,499

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2011
2011

Category Expenditures
Per Capita

General Government $808,453
$601

Water/Sewer 0
0

Electric 565,269
421

Other Utilities 0
0

Debt Service 2,491,455
1,854

Transportation 150,804
112

Public Safety 1,333,521
992

Other 1,504,730
1,120

Total $6,854,232
$5,100

Municipal Population Group: No Electric 1,000 to 2,499

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2011
2011

Category Expenditures
Per Capita

Salaries & Wages $1,258,989
$937

Water/Sewer Capital 0
0

Electric Capital 209,320
156

Other Capital 610,143
454

Other Operating 4,775,780
3,553

Total $6,854,232
$5,100

Municipal Population Group: No Electric 1,000 to 2,499

Last Updated 2/7/2012 2:49:41 PM



	2011	2011
Category	Revenue	Per Capita
Property Tax	$1,596,069	$1,188
Water/Sewer	0	0
Electric	814,608	606
Other Utilities	0	0
Sales Tax	692,483	514
Sales & Services	471,663	351
Intergovernment	292,482	218
Debt Proceeds	41,154	31
Miscellaneous	1,435,266	1,068
Total	$5,343,725	$3,976

Municipal Population Group: No Electric 1,000 to 2,499

North CarolinaDepartment of State TreasurerFinancial InformationTown of Pine Knoll Shores

Financial Graphs and Comparisons

North Carolina
Department of State Treasurer
Financial Information
Town of Pine Knoll Shores