North Carolina
Department of State Treasurer
Financial Information
Town of Caswell 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

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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	$473,602	447,416	426,619	434,146	413,106	382,751
		Utility	280,520	260,812	239,748	252,737	198,893	202,024
		Sales Tax	116,716	119,606	111,341	98,947	88,203	72,161
		Sales & Services	-	-	-	-	-	-
		Intergovernmental	72,723	74,091	78,236	62,791	58,537	47,860
		Debt Proceeds	-	-	-	-	-	-
		Other Miscellaneous	390,839	384,858	342,962	279,243	269,529	248,817
		Total	$1,334,400	1,286,783	1,198,906	1,127,864	1,028,268	953,613

	Expenditures by Function
		Utility	$166,421	304,233	185,281	306,248	178,316	186,110
		Debt Service	-	-	-	-	-	18,128
		Transportation	-	2,291	-	-	-	750
		General Government	394,664	370,336	343,240	315,399	262,062	220,208
		Public Safety	353,629	276,253	272,142	266,254	248,551	249,653
		Other	153,632	106,853	123,346	99,473	72,836	57,564
		Total	$1,068,346	1,059,966	924,009	987,374	761,765	732,413

	Expenditures by Object
		Salaries & Wages	$532,128	489,986	329,284	323,588	240,476	237,966
		Capital Outlay	74,570	61,183	70,647	145,218	3,919	13,301
		Other Operating + Debt Service	461,648	508,797	524,078	518,568	517,370	481,146
		Total	$1,068,346	1,059,966	924,009	987,374	761,765	732,413


	Per Capita Revenues by Source
		Property Tax	$970	936	925	980	972	943
		Utility	575	546	520	571	468	498
		Sales Tax	239	250	242	223	207	177
		Sales & Services	-	-	-	-	-	-
		Intergovernmental	149	155	170	142	138	118
		Debt Proceeds	-	-	-	-	-	-
		Other Miscellaneous	801	805	744	630	634	613
		Total	$2,734	2,692	2,601	2,546	2,419	2,349

	Per Capita Expenditures by Function
		Utility	$341	636	402	691	420	458
		Debt Service	-	-	-	-	-	45
		Transportation	-	5	-	-	-	2
		General Government	808	775	744	712	616	542
		Public Safety	725	578	590	601	585	615
		Other	315	224	268	225	171	142
		Total	$2,189	2,218	2,004	2,229	1,792	1,804

	Per Capita Expenditures by Object
		Salaries & Wages	$1,090	1,025	714	730	566	586
		Capital Outlay	153	128	153	328	9	33
		Other Operating	946	1,065	1,137	1,171	1,217	1,185
		Total	$2,189	2,218	2,004	2,229	1,792	1,804

	Population Group		No Electric 499 and Below	No Electric 499 and Below	No Electric 499 and Below	No Electric 499 and Below	No Electric 499 and Below	No Electric 499 and Below
		Number of Municipalites in Group	117	117	119	121	124	126
		Average Population In Group	260	259	260	262	266	267
		Town of Caswell Beach Population	488	478	461	443	425	406
	Group Average Per Capita Revenues by Source
		Property Tax	478	467	472	449	472	437
		Utility	337	340	379	292	291	261
		Sales Tax	149	157	148	145	134	116
		Sales & Services	64	62	68	50	62	65
		Intergovernmental	507	467	331	618	491	397
		Debt Proceeds	62	59	274	13	96	23
		Other Miscellaneous	257	238	250	212	230	253
		Total	1,854	1,790	1,922	1,779	1,776	1,552

	Group Average Per Capita Expenditures by Function
		Utility	796	471	528	445	399	436
		Debt Service	126	83	175	151	82	75
		Transportation	191	145	154	172	151	117
		General Government	290	295	305	288	295	273
		Public Safety	240	213	239	212	252	221
		Other	329	486	291	528	402	297
		Total	1,972	1,693	1,692	1,796	1,581	1,419

	Group Average Per Capita Expenditures by Object
		Salaries & Wages	378	363	369	327	348	298
		Capital Outlay	763	453	500	456	500	423
		Other Operating	831	877	823	1,013	733	698
		Total	1,972	1,693	1,692	1,796	1,581	1,419


General Fund Go to top of page			2008	2007	2006	2005	2004	2003
	General Fund revenues		$771,493	743,068	708,909	662,070	629,636	570,550
	General Fund expenditures		856,157	794,178	691,044	607,629	545,301	510,769
	Operating transfers in		159,500	148,216	-	41,925	100,145	93,831
	Operating transfers out		65,500	218,647	147,612	-	-	-
	Capital leases and installment purchase proceeds		-	-	-	-	-	-
	Other items		-	-	-	-	-	-
	Excess of revenues and other sources over (under) expenditures and other uses		9,336	(121,541)	(129,747)	96,366	184,480	153,612

	Fund balance available (FBA):
		In dollars	$738,632	712,466	824,750	961,362	903,411	720,139
		FBA as a % of GF Net Expenditures:
		Unit's FBA %	80.14	70.34	98.34	158.22	165.67	140.99
		Group weighted average FBA %	115.47	118.43	122.45	109.03	128.31	118.72
		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	$282,466	250,348	156,804	126,513	173,170	164,789
		Quick ratio	18.87	15.54	11.12	3.37	4.08	9.35
		Net income	32,629	84,556	42,063	33,338	9,540	13,678
		Cashflow from operations	138,223	104,506	57,878	37,203	58,529	9,862
		Depreciation & Amortization Expense	9,489	8,990	8,793	6,893	6,341	6,743



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

		Population at July 1st of the Previous Year	488	478	461	443	425	406
		Population Group	No Electric 499 and Below	No Electric 499 and Below	No Electric 499 and Below	No Electric 499 and Below	No Electric 499 and Below	No Electric 499 and Below
		Cash &Investments	$2,548,023	2,379,292	2,111,348	1,902,180	1,813,600	1,521,347
		Investment Earnings	118,353	92,350	81,348	40,197	21,513	29,031
		Tax Rate Equivalent	0.0275	0.0454	0.0408	0.0207	0.0112	0.0198
		Tax Rate Equivalent Group weighted average	0.0397	0.0508	0.0318	0.0173	0.0098	0.0129
		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	$430,501,166	203,275,444	199,192,823	194,385,109	191,415,226	146,687,296
		Tax Rate	0.1100	0.2200	0.2100	0.2200	0.2100	0.2700
		Tax Rate Group weighted average	0.2676	0.3651	0.3049	0.3181	0.3240	0.3336
		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	87.73	75.64	81.67	87.64	94.38	82.33
		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	$433,579,581	325,240,710	248,991,029	222,459,498	191,415,226	180,604,895
		EffectiveTax Rate	0.1092	0.1375	0.1680	0.1922	0.2100	0.2193
		Group weighted average Effective Tax Rate	0.2348	0.2762	0.2490	0.2788	0.3058	0.2746
		Statewide weighted average Effective Tax Rate	0.3765	0.3939	0.3987	0.4108	0.4209	0.4113
		Percent Collected	98.91	99.61	99.74	98.34	99.58	95.68
		Percent Collected Group weighted average	96.62	97.25	97.71	97.79	97.61	89.81
		Percent Collected Statewide	97.97	97.59	97.55	97.42	97.31	96.96
		Percent Collected Excluding Motor Vehicles	98.97	99.78	99.88	98.43	99.74	95.71
		Percent Collected Excluding Motor Vehicles Group weighted average	97.13	97.74	98.29	98.48	98.45	98.35
		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	95.23	93.01	94.37	94.67	93.40	94.31
		Percent Collected Motor Vehicles Only Group weighted average	84.84	83.54	84.25	84.13	83.78	84.50
		Percent Collected Motor Vehicles Only Statewide weighted average	86.74	86.71	86.80	87.31	87.62	86.69
		Tax Uncollected	504	1,762	1,098	7,074	1,697	17,056
		Tax Rate Equivalent	0.0001	0.0009	0.0006	0.0036	0.0009	0.0116
		Dominant County: Brunswick
	Debt Information
		Population Group	Under 500	Under 500	Under 500	Under 500	Under 500	Under 500
		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	155	201	217	236	300	#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	0.0794%	0.1282%	0.1208%	0.1597%	0.2110%	#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	$0	0	0	0	0	0
		--General Government	0	0	0	0	0	0
		Total*	$0	0	0	0	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		488	478	461	443	425	406

1A	Non GASB34	General Fund Assets						829,446
1B	FISCAL	General Fund Liabilities						84,779
2A	SUMMARY	Debt-service Assets
2B		Debt service Liabilities
3A		Enterprise Assets						389,045
3B		Enterprise Liabilities						19,726
4A		Internal Service Assets
4B		Internal service Liabilities
5A		Special Revenue Assets						600,051
1.5A	GASB34	Governmental Activities Assets	7,202,377	6,794,091	6,614,445	6,385,997	6,212,211
1.5B	FISCAL	Governmental Activities Liabilities	100,638	119,053	101,524	101,808	99,555
3.5A	SUMMARY	Business Type Activities Assets	587,253	556,035	469,747	465,481	435,069
3.5B		Business Type Activities Liabilties	15,808	17,219	15,487	53,284	56,210
6.5A		Fiduciary Funds Assets
6.5B		Fiduciary Funds Liabilties
5B		Special Revenue Liabilities						4,813
6A		Trust & Agency Assets
6B		Trust & Agency Liabilities
7A		Capital Project Assets						54,032
7B		Capital Project Liabilities
8A		General Fixed Assets						300,189
9B		General Long term debt - Liabilities						17,169
10	PART 2	Current collections of unit-wide levy	471,880	446,489	418,338	419,992	401,901	377,869
11	TAX	Current collection of special tax districts
12	REVENUES	Prior years' levy collections	893	489	6,582	11,613	8,094	4,379
13		Penalties and interest	829	438	1,699	2,541	3,111	503
14		Collection of taxes previously written off
15		Animal tax
16		1% Local government sales and use tax	46,593	49,738	48,107	45,382	38,993	32,312
17		1/2% Local government sales and use taxes (Article 40)	24,329	24,195	21,359	17,760	16,634	16,522
18		1/2% Local government sales and use taxes (Article 42)	24,068	23,920	21,126	17,560	16,420	16,366
18.5		1/2% Local government sales and use taxes (Article 44)	21,726	21,753	20,749	18,245	16,156	6,961
19		Licenses Privilege					5,830	3,168
19.1		Privilege - Occupational & business licensing & permit taxes	5,408	5,908	5,030	7,278
19.2		Privilege -- All other privileges and pemits
20		General Municipal Vehicle Tax
21		Vehicle Tax for Public Transportation
22		Other licenses - Include CATV	766	6,271	5,890	5,410	4,995	4,633
23		Local occupancy tax	204,546	231,659	203,212	173,855	166,169	151,600
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						2,420
31		Transportation - Streets
32		Transportation - All other
33		Utility franchise tax
34		Housing/community development
35		All Other
36		Human services: Health, mental health, hospitals
37		All other
38		Culture and recreation
39	STATE	State Payment in Lieu of Taxes
40	INTERGOV	Controlled substance tax
41	REVENUES	Intangibles tax reimbursement + Transistional Hold Harmless Revenues
42		Wireless Enhanced 911 Service Charges
43		Piped Natural Gas Charge Distribution
44		Utility franchise tax	46,809	41,586	36,421	34,674	32,890	34,274
45		Beer and Wine tax	2,202	2,083	1,957	1,881	1,744	1,659
46		Powell Bill	12,312	10,720	10,567	10,249	8,903	9,507
47		Food stamp purchases tax reimbursement
48		Inventories tax reimbursements
49		Senior Citizens Exemption - 50%
50		Court fees - Facilities and arrest fees
51		General Government	11,400				15,000
52		Public safety			300	487
53		Transportation - Streets
54		Transportation - All other
55		Environmental protection
56		Econ. & Phys. Dev. - Housing/Comm. Dev.
57		Econ. & Phys. Dev. - All Other		19,702	28,991
58		Human Services: Health, mental health, hospitals
59		All Other
60		Culture and recreation				15,500
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	27,752				57,454	38,185
72	& FEES	Inspection fees		33,887	29,092	30,325
72.1		Amusements licensing and permit taxes
73		Other permits						75
74	SALES &	Parking revenues
75	SERVICES	Rents and royalties
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
86	UTILITY	Water and sewer charges	280,520	260,812	239,748	252,737	198,893	202,024
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	118,353	92,350	81,348	40,197	21,513	29,031
91		Special assessments
92		Private contribution and donations
93		Sales of materials and fixed assets
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	34,014	14,783				15,273
99		Proceeds of the sale of bonds and notes
100		Proceeds of capital leases and installment purchases
101		Other			18,390	22,178	13,568	6,852
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	5,676	5,676	5,400
109B	GENERAL	Governing body - All other Direct	22,682	8,979	15,820	17,619	14,347	24,639
109C	GOVT	Governing body - Construction
109D		Governing body - Land, Equipment and Existing Structures
110A		Administration - Salaries	234,638	220,512	116,432	130,151	71,945	66,913
110B		Administration - All other Direct	63,904	71,098	124,641	102,968	123,125	50,886
110C		Administration - Construction
110D		Administration - Land, Equipment and Existing Structures
111A		Elections (cost of) - Salaries
111B		Elections (cost of) - All other Direct			858
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	25,818	34,089	34,505	26,498	16,540	12,894
115B		Public Buildings - All other Direct	31,946	29,982	45,584	38,163	36,105	39,342
115C		Public Buildings - Construction
115D		Public Buildings - Land, Equipment, and Existing Structures	10,000
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						25,534
118C		General Government All Other - Construction
118D		General Government All Other - Land, Equipment, and Existing Structures
119A	PUBLIC	Police and Communications - Salaries	230,908	205,607	148,313	142,201	130,604	138,255
119B	SAFETY	Police and Communications - All other Direct	38,552	41,406	85,604	85,386	84,469	73,639
119C		Police and Communications - Construction
119D		Police and Communications - Land, Equipment and Existing Structures	26,600
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					850	7,650
122C		Fire - Construction
122D		Fire - Land, Equipment, and Existing Structures
123A		Inspectors - Salaries	9,900	7,490	24,634	24,738	21,387	19,904
123B		Inspectors - All other Direct	37,627	12,980	7,197	7,424	5,414	4,357
123C		Inspectors - Construction
123D		Inspectors - Land, Equipment, and Existing Structures
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
128B		Streets and Highways - All other Direct						750
128C		Streets and Highways - Construction
128D		Streets and Highways - Land, Equipment and Existing Structures
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		2,291
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
136B	MENTAL	Solid Waste - All other Direct	26,815	26,748	32,748	25,617	26,965	26,902
136C	PROTECTION	Solid Waste - Construction
136D		Solid Waste - Land, Equipment, and Existing Structures
137A		Drainage and Watershed - Salaries
137B		Drainage and Watershed - All other Direct
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			12,000	12,000	10,000	10,000
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
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	12,096	27,278
141C		Economic Development - Construction
141D		Economic Development - Land, Equipment, and Existing Structures	16,689
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]
145B		Economic and Physical Development - All Other - All other Direct	27,015		40,267	32,053	35,871	20,662
145C		Economic and Physical Development - All Other - Construction			36,008
145D		Economic and Physical Development - All Other - Land, Equipment, and Existing Structures	21,281
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	49,736	52,827
153C		Recreation and Parks - Construction
153D		Recreation and Parks - Land, Equipment, and Existing Structures
154A		Coliseum - Salaries
154B		Coliseum - All other Direct
154C		Coliseum - Construction
154D		Coliseum - Land, Equipment, and Existing Structures
155A		Museums - Salaries
155B		Museums - All other Direct
155C		Museums - Construction
155D		Museums - Land, Equipment, and Existing Structures
156A		Libraries - Salaries
156B		Libraries - All other Direct
156C		Libraries - Construction
156D		Libraries - Land, Equipment, and Existing Structures
157A		Culture and Recreation - All Other - Salaries
157B		Human Services - All Other - All other Direct			2,323	7,518
157C		Human Services - All Other - Construction				22,285
157D		Human Services - All Other - Land, Equipment, and Existing Structures
158A	UTILITY	Water and Sewer - Salaries	25,188	16,612
158B		Water and Sewer - All other Direct	141,233	135,166	150,642	183,315	174,397	172,809
158C		Water and Sewer - Construction		61,183	34,639	122,933	3,919	13,301
158D		Water and Sewer - Land, Equipment, and Existing Structures
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		91,272
160.1C		Storm water contruction
160.1C		Storm water land, equipment and existing structures
161B	DEBT	Water and Sewer - Debt Service Interest Payments
161D	SERVICE	Water and Sewer - Debt Service Principal Payments
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						1,084
166D		All Other - Debt Service Principal Payments						17,044
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)	10,042	8,770	6,394	6,505	5,827	5,848
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	468,608	436,775	408,549	417,750	393,331	385,559
180	OTHER	Current Year Levy Motor Vehicles Only	8,494	11,476	10,887	9,532	10,089	9,366
181	DATA	Uncollected Taxes - Current Year's Levy - Excluding Motor Vehicles	4,817	960	485	6,566	1,031	16,523
182		Uncollected Taxes - Current Year's Levy - Motor Vehicles	405	802	613	508	666	533
183		Percentage of Taxes Collected - Current Year All Property	98.91	99.61	99.74	98.34	99.58	95.68
184		Percentage of Taxes Collected - Current Year - Excluding Motor Vehicles	98.97	99.78	99.88	98.43	99.74	95.71
185		Percentage of Taxes Collected - Current Year - Motor Vehicles	95.23	93.01	94.37	94.67	93.40	94.31
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	2,548,023	2,379,292	2,111,348	1,902,180	1,813,600	1,521,347
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	1,428,400	1,286,783	1,239,906	1,160,097	1,053,413	1,047,444
194B	FISCAL	Amounts - Subtract proceeds of refunding debt
194C	SUMMARY	Amounts - Subtract interfund transfers in	94,000		41,000	32,233	25,145	93,831
194D		Amounts - Net Revenues per AFIR	1,334,400	1,286,783	1,198,906	1,127,864	1,028,268	953,613
		Calculated amount	1,334,400	1,286,783	1,198,906	1,127,864	1,028,268	953,613
		Amounts in AGREEMENT??	Yes	Yes	Yes	Yes	Yes	Yes
		Difference
195A		Amounts - Total Expenditures and other financing sources per audit	1,162,346	1,059,966	965,009	1,019,607	786,910	826,244
195B		Amounts - Subtract payments to refunding debt escrow agent
195C		Amounts - Subtract interfund transfers out	94,000		41,000	32,233	25,145	93,831
195D		Amounts Net Expenditures per AFIR	1,068,346	1,059,966	924,009	987,374	761,765	732,413
		Calculated amount	1,068,346	1,059,966	924,009	987,374	761,765	732,413
		Amounts in AGREEMENT??	Yes	Yes	Yes	Yes	Yes	Yes
		Difference

	PART 10

950		Name of Official Signatory	JUDY WILLIAMSON
951		Title of Official	FINANCE OFFICER
952		Date Certified	12/31/2008	03/25/2008	12/08/2006
953		Person to Contact	Clement Goodson
954		Title of Person to Contact	Auditor
955		Telephone Number	910-278-5471
956		Facsimile Number	910-392-4650

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

	2008	2007	2006	2005	2004	2003

Population	488	478	461	443	425	406
Population Group	No Electric 499 and Below	No Electric 499 and Below	No Electric 499 and Below	No Electric 499 and Below	No Electric 499 and Below	No Electric 499 and Below
Total Operating Revenues	$280,520	260,812	239,748	252,737	198,893	202,024
Total Operating Revenues Per Capita	$575	546	520	571	468	498
Group Weighted Average Revenues Per Capita	595	613	650	500	458	433
State Weighted Average Revenues Per Capita	364	367	356	331	308	295

% to Total Operating Revenues
Operating Expenses	59.14%	61.64%	66.50%	75.26%	90.87%	85.54%
Group Weighted Average	108.83%	101.54%	96.89%	104.72%	113.88%	111.86%
State Weighted Average	86.74%	82.44%	81.55%	85.60%	89.13%	90.84%

Operating Margin	40.86%	38.36%	33.50%	24.74%	9.13%	14.46%
Group Weighted Average	-8.83%	-1.54%	3.11%	-4.72%	-13.88%	-11.86%
State Weighted Average	13.26%	17.56%	18.45%	14.40%	10.87%	9.16%

Operating Transfers In/(out)	-32.08%	-9.24%	-17.10%	-12.75%	-12.64%	-11.80%
Group Weighted Average	-37.54%	5.75%	11.19%	4.46%	-1.78%	-1.67%
State Weighted Average	3.96%	-0.78%	-0.58%	-0.79%	-1.21%	-0.99%

Net Income before capital contributions	11.63%	32.42%	17.54%	13.19%	4.80%	4.12%
Group Weighted Average	-49.57%	1.56%	12.89%	-5.37%	-12.02%	-13.35%
State Weighted Average	13.45%	11.89%	9.65%	8.63%	2.88%	0.31%

Key Ratios and Cash Flow

Quick Ratio	18.87	15.54	11.12	3.37	4.08	9.35
Group Weighted Average	2.94	2.93	2.92	1.92	2.91	3.17
State Weighted Average	2.95	2.90	2.82	1.81	2.76	3.04

Days Sales in Receivables	98.2	130.4	102.2	98.4	116.4	105.2
Group Weighted Average	60.9	93.0	57.8	67.2	65.9	57.3
State Weighted Average	55.3	59.9	57.8	59.9	65.7	60.0

Days Cash on Hand	523.0	427.8	215.3	178.8	353.0	278.1
Group Weighted Average	405.4	377.8	421.0	376.8	361.6	392.6
State Weighted Average	457.8	497.5	458.0	423.5	407.9	414.8

Cash flow from Operations	$138,223	104,506	57,878	37,203	58,529	9,862

Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.00
Group Weighted Average	0.14	0.15	0.15	0.13	0.12	0.14
State Weighted Average	0.56	0.55	0.52	0.52	0.52	0.50

Debt per Capita	0	0	0	0	0	0
Group Weighted Average	855	883	920	611	531	577
State Weighted Average	1,136	1,091	989	929	855	852

Capital Expenditures:	2008	2007	2006	2005	2004	2003
	$0	61,183	34,639	122,933	3,919	13,301

	2002	2001	2000	1999
	$110,640	0	0	0

Capital Contributions: Excluded from income above	$0	0	0	0	0	5,351


Operating Statistics

Estimated population of the areas served Water	0	2,500	NA	NA	NA	NA
Estimated population of the areas served Sewer	0	0	NA	NA	NA	NA

Number of Gallons of Water Processed (000) omitted	45,091	50,493	NA	NA	NA	NA
Number of Gallons of Sewage Processed (000) omitted	0	0	NA	NA	NA	NA

Number of Gallons of Water Billed (000) omitted	43,688	46,967	NA	NA	NA	NA
Number of Gallons of Sewage Billed (000) omitted	0	0	NA	NA	NA	NA

Ratio of Water Billed to Water Processed	0.96889	0.93017	NA	NA	NA	NA
Ratio of Sewage Billed to Sewage Processed			NA	NA	NA	NA

Total Revenue from Water Sales	251,988	251,012	NA	NA	NA	NA
Total Revenue from Sewage Sales	0	0	NA	NA	NA	NA

Water Revenue per 1000 gallons of Sales		100.40480	NA	NA	NA	NA
Sewage Revenue per 1000 gallons of Sales			NA	NA	NA	NA

Group Average Sales per thousand Gallons Water	$3,526.31757	$3,934.54117	NA	NA	NA	NA
Group Average Sales per thousand Gallons Sewage	$2,331.22681	$2,500.46314	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	$5.96898	5.68858	NA	NA	NA	NA
Residential Sewage Sales per thousand Gallons			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 %	165.67%	158.22%	98.34%	70.34%	80.14%
Group average FBA %	128.31%	109.03%	122.45%	118.43%	115.47%
State average Electric/Non Electric Group FBA %	36.42%	36.90%	36.51%	37.14%	36.47%
State average FBA %	36.35%	36.76%	128.31%	36.37%	36.20%

Municipal Population Group: No Electric 499 and Below

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2004 2005 2006 2007 2008

Municipality 99.58% 98.34% 99.74% 99.61% 98.91%

Pop. Group 97.61% 97.79% 97.71% 97.25% 96.62%

Statewide 97.31% 97.42% 97.55% 97.59% 97.97%

Municipal Population Group: No Electric 499 and Below

	2004	2005	2006	2007	2008
Municipality	99.58%	98.34%	99.74%	99.61%	98.91%
Pop. Group	97.61%	97.79%	97.71%	97.25%	96.62%
Statewide	97.31%	97.42%	97.55%	97.59%	97.97%

Municipal Population Group: No Electric 499 and Below

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2004 2005 2006 2007 2008

Municipality 0 0 0 0 0

Pop. Group 300 236 217 201 155

Statewide 548 505 495 478 456

Municipal Population Group: Under 500

	2004	2005	2006	2007	2008
Municipality	0	0	0	0	0
Pop. Group	300	236	217	201	155
Statewide	548	505	495	478	456

Municipal Population Group: Under 500

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2004 2005 2006 2007 2008

Property Tax $972 980 925 936 970

Utility 468 571 520 546 575

Sales Tax 207 223 242 250 239

Sales & Services 0 0 0 0 0

Intergovernmental 138 142 170 155 149

Debt Proceeds 0 0 0 0 0

Other Miscellaneous 634 630 744 805 801

Total $2,419 2,546 2,601 2,692 2,734

	2004	2005	2006	2007	2008
Property Tax	$972	980	925	936	970
Utility	468	571	520	546	575
Sales Tax	207	223	242	250	239
Sales & Services	0	0	0	0	0
Intergovernmental	138	142	170	155	149
Debt Proceeds	0	0	0	0	0
Other Miscellaneous	634	630	744	805	801
Total	$2,419	2,546	2,601	2,692	2,734

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2008
2008

Category Revenue
Per Capita

Property Tax $473,602
$970

Water/Sewer 280,520
575

Electric 0
0

Other Utilities 0
0

Sales Tax 116,716
239

Sales & Services 0
0

Intergovernment 72,723
149

Debt Proceeds 0
0

Miscellaneous 390,839
801

Total $1,334,400
$2,734

Municipal Population Group: No Electric 499 and Below

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2008
2008

Category Expenditures
Per Capita

General Government $394,664
$808

Water/Sewer 166,421
341

Electric 0
0

Other Utilities 0
0

Debt Service 0
0

Transportation 0
0

Public Safety 353,629
725

Other 153,632
315

Total $1,068,346
$2,189

Municipal Population Group: No Electric 499 and Below

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2008
2008

Category Expenditures
Per Capita

Salaries & Wages $532,128
$1,090

Water/Sewer Capital 0
0

Electric Capital 0
0

Capital Outlay 74,570
153

Other Operating 461,648
946

Total $1,068,346
$2,189

Municipal Population Group: No Electric 499 and Below

Last Updated 8/27/2009 8:36:16 AM



	2008	2008
Category	Revenue	Per Capita
Property Tax	$473,602	$970
Water/Sewer	280,520	575
Electric	0	0
Other Utilities	0	0
Sales Tax	116,716	239
Sales & Services	0	0
Intergovernment	72,723	149
Debt Proceeds	0	0
Miscellaneous	390,839	801
Total	$1,334,400	$2,734

Municipal Population Group: No Electric 499 and Below

North CarolinaDepartment of State TreasurerFinancial InformationTown of Caswell Beach

Financial Graphs and Comparisons

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