North Carolina
Department of State Treasurer
Financial Information
Village of Bald Head Island

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

Go to North Carolina County and Municipal Financial Information Home Page
Go to Brunswick County Map Page

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	$6,582,549	$5,364,807	$5,102,103	$4,640,625	$4,528,602	$4,345,397
		Utility	1,781,793	1,934,002	1,765,294	2,472,357	2,297,831	1,591,141
		Sales Tax	50,381	50,413	54,630	58,574	59,512	53,655
		Sales & Services	15,549	14,104	16,951	4,250	9,379	468
		Intergovernmental	545,230	462,141	328,229	246,117	512,277	513,795
		Debt Proceeds	-	15,000,000	-	-	-	6,900,000
		Other Miscellaneous	1,450,156	1,302,115	1,139,240	2,009,144	1,783,551	1,801,444
		Total	$10,425,658	24,127,582	8,406,447	9,431,067	9,191,152	15,205,900

	Expenditures by Function
		Utility	$1,301,120	1,457,594	2,360,062	2,645,582	1,735,068	5,400,680
		Debt Service	3,493,870	2,770,413	609,530	612,692	612,692	2,831,996
		Transportation	10,559	91,129	51,457	313,929	412,414	172,698
		General Government	1,343,935	1,246,080	1,365,445	1,048,161	1,095,404	866,169
		Public Safety	1,883,939	1,991,629	2,008,424	1,925,739	2,049,789	1,898,708
		Other	2,729,617	18,527,382	2,437,436	2,655,668	3,291,699	2,070,758
		Total	$10,763,040	26,084,227	8,832,354	9,201,771	9,197,066	13,241,009

	Expenditures by Object
		Salaries & Wages	$2,507,393	2,553,482	2,486,741	2,347,037	2,052,366	1,636,834
		Capital Outlay	614,968	18,144,527	2,940,059	3,422,320	3,646,243	6,784,741
		Other Operating + Debt Service	7,640,679	5,386,218	3,405,554	3,432,414	3,498,457	4,819,434
		Total	$10,763,040	26,084,227	8,832,354	9,201,771	9,197,066	13,241,009


	Per Capita Revenues by Source
		Property Tax	$41,400	20,321	19,776	18,489	18,791	18,976
		Utility	11,206	7,326	6,842	9,850	9,535	6,948
		Sales Tax	317	191	211	232	246	233
		Sales & Services	98	53	66	17	39	2
		Intergovernmental	3,429	1,751	1,272	981	2,126	2,244
		Debt Proceeds	-	56,818	-	-	-	30,131
		Other Miscellaneous	9,120	4,932	4,416	8,005	7,401	7,867
		Total	$65,570	91,392	32,583	37,574	38,138	66,401

	Per Capita Expenditures by Function
		Utility	$8,183	5,521	9,148	10,540	7,199	23,584
		Debt Service	21,974	10,494	2,363	2,441	2,542	12,367
		Transportation	66	345	199	1,251	1,711	754
		General Government	8,453	4,721	5,292	4,176	4,546	3,782
		Public Safety	11,849	7,544	7,785	7,672	8,505	8,291
		Other	17,167	70,179	9,447	10,580	13,659	9,043
		Total	$67,692	98,804	34,234	36,660	38,162	57,821

	Per Capita Expenditures by Object
		Salaries & Wages	$15,770	9,672	9,639	9,351	8,516	7,148
		Capital Outlay	3,868	68,729	11,396	13,635	15,130	29,628
		Other Operating	48,054	20,403	13,199	13,674	14,516	21,045
		Total	$67,692	98,804	34,234	36,660	38,162	57,821

	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	118	112	116	117	117	119
		Average Population In Group	264	256	261	260	259	260
		Village of Bald Head Island Population	159	264	258	251	241	229
	Group Average Per Capita Revenues by Source
		Property Tax	812	614	450	506	464	472
		Utility	354	370	275	365	338	379
		Sales Tax	156	121	146	163	157	148
		Sales & Services	82	58	50	68	62	68
		Intergovernmental	451	445	572	538	464	331
		Debt Proceeds	27	628	76	66	58	274
		Other Miscellaneous	225	156	182	273	237	250
		Total	2,107	2,392	1,751	1,979	1,780	1,922

	Group Average Per Capita Expenditures by Function
		Utility	533	582	642	851	468	528
		Debt Service	270	181	71	134	82	175
		Transportation	158	162	114	204	145	154
		General Government	445	336	327	311	293	305
		Public Safety	395	278	234	254	212	239
		Other	637	910	258	348	482	291
		Total	2,438	2,449	1,646	2,102	1,682	1,692

	Group Average Per Capita Expenditures by Object
		Salaries & Wages	568	454	348	400	361	369
		Capital Outlay	452	1,108	627	816	449	501
		Other Operating	1,418	887	671	886	872	822
		Total	2,438	2,449	1,646	2,102	1,682	1,692


General Fund Go to top of page			2011	2010	2009	2008	2007	2006
	General Fund revenues		$8,641,487	7,179,655	6,573,145	6,378,942	6,807,547	6,830,971
	General Fund expenditures		8,861,879	6,305,405	4,287,356	5,022,263	4,310,365	6,014,445
	Operating transfers in		-	4,626	-	22,992	-	2,662,182
	Operating transfers out		-	730,802	2,842,448	2,932,005	1,146,389	2,356,708
	Capital leases and installment purchase proceeds		-	-	-	-	-	-
	Other items		-	-	-	-	-	-
	Excess of revenues and other sources over (under) expenditures and other uses		(220,392)	148,074	(556,659)	(1,552,334)	1,350,793	1,122,000

	Fund balance available (FBA):
		In dollars	$5,027,224	4,408,971	4,250,325	4,834,504	6,411,737	5,069,422
		FBA as a % of GF Net Expenditures:
		Unit's FBA %	56.73	62.66	59.61	60.78	117.50	60.56
		Group weighted average FBA %	98.59	120.75	124.89	116.82	119.63	123.14
		State weighted average Non-Electric Group	40.91	38.70	37.89	36.66	37.39	37.38
		State weighted average FBA %	39.42	37.47	37.03	36.34	36.54	36.96


Enterprise Funds: Go to top of page
	None

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



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

		Population at July 1st of the Previous Year	159	264	258	251	241	229
		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	$6,066,890	$6,534,145	$8,577,553	$8,291,487	$8,413,775	$8,603,071
		Investment Earnings	21,085	26,248	140,443	840,936	469,985	324,342
		Tax Rate Equivalent	0.0011	0.0013	0.0071	0.0430	0.0483	0.0348
		Tax Rate Equivalent Group weighted average	0.0029	0.0052	0.0140	0.0403	0.0513	0.0318
		Tax Rate Equivalent Statewide weighted average	0.0317	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	$1,996,398,778	1,990,993,993	1,981,843,730	1,954,278,489	973,298,494	932,816,096
		Tax Rate	0.3275	0.2700	0.2600	0.2400	0.4650	0.4650
		Tax Rate Group weighted average	0.2606	0.3115	0.2821	0.2676	0.3651	0.3049
		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	101.92	100.94	86.15	87.73	75.64	81.67
		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	$2,052,430,120	1,752,789,852	2,020,846,059	1,968,253,086	1,557,277,590	1,166,020,120
		EffectiveTax Rate	0.3186	0.3067	0.2550	0.2383	0.2906	0.3720
		Group weighted average Effective Tax Rate	0.2656	0.3144	0.2430	0.2348	0.2762	0.2490
		Statewide weighted average Effective Tax Rate	0.4183	0.4020	0.3870	0.3752	0.3934	0.3987
		Percent Collected	98.2100	97.6400	98.0000	98.7000	99.6900	99.9400
		Percent Collected Group weighted average	97.33	95.46	95.87	96.32	97.25	97.71
		Percent Collected Statewide	97.43	97.36	97.34	97.56	97.58	97.55
		Percent Collected Excluding Motor Vehicles	98.21	97.64	98.00	98.70	99.69	99.95
		Percent Collected Excluding Motor Vehicles Group weighted average	97.77	96.03	96.70	97.12	97.74	98.29
		Percent Collected Excluding Motor Vehicles Statewide weighted average	98.32	98.23	98.30	98.65	98.59	98.61
		Percent Collected Motor Vehicles Only	96.74	99.27	98.21	100.00	88.71	94.27
		Percent Collected Motor Vehicles Only Group weighted average	81.59	83.33	82.99	84.77	83.59	84.25
		Percent Collected Motor Vehicles Only Statewide weighted average	86.42	86.34	86.55	86.74	86.71	86.80
		Tax Uncollected	125,742	134,457	104,338	61,175	15,262	4,716
		Tax Rate Equivalent	0.0063	0.0068	0.0053	0.0031	0.0016	0.0005
		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	$11,060,926	13,352,181	0	0	0	0
		General Government GO Debt	0	0	0	0	0	0
		Total General Obligation Debt	11,060,926	13,352,181	0	0	0	0
		Per Capita	$69,566	50,576	0	0	0	0
		Total Per Capita for the Population Group	479	591	161	155	201	217
		Total Per Capita Statewide	450	449	455	456	478	495
		Total per Assessed Valuation Adjusted for Current Year Sales	0.5389%	0.7618%	0.0000%	0.0000%	0.0000%	0.0000%
		Total per Assessed Valuation Adjusted for Current Year Sales- Group Average	0.1881%	0.3447%	0.0782%	0.0794%	0.1282%	0.1208%
		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	$2,000,000	2,000,000

		Installment Sales Purchases and Lease Obligations
		--Enterprise	$4,811,936	5,229,811	5,633,015	6,014,251	6,379,080	6,729,778
		--General Government	0	0	0	0	0	0
		Total*	$4,811,936	5,229,811	5,633,015	6,014,251	6,379,080	6,729,778
		* 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		159	264	258	251	241	229

1.5A	FISCAL	Governmental Activities Assets	10,483,426	11,136,197	13,051,617	13,732,749	12,253,203	11,987,812
1.5B	SUMMARY	Governmental Activities Liabilities	11,589,335	14,097,788	624,392	502,503	460,700	444,953
3.5A		Business Type Activities Assets	11,768,555	11,912,735	11,931,897	10,584,948	9,492,483	8,509,582
3.5B		Business Type Activities Liabilties	4,896,595	5,316,938	5,784,767	6,161,453	6,527,792	6,810,072
6.5A		Fiduciary Funds Assets
6.5B		Fiduciary Funds Liabilties
10.0	PART 2	Current Collections of Unit -Wide Levy	6,438,170	5,254,626	5,048,438	4,612,787	4,512,585	4,335,785
11.0	TAX	Current Collections of Special Tax Districts	398,083	257,728
12.0	REVENUES	Prior Years' Levy Collections	117,118	88,046	38,355	19,715	1,940	4,023
13.0		Penalties and Interest	27,261	22,135	15,310	8,123	14,077	5,589
14.0		Collections of Taxes Previously Written Off
15.0		Animal Tax
15.1		Solid Waste Disposal Tax	42	137	117
16.0		1% Local Government Option Sales Tax	29,552	28,254	25,129	23,454	24,671	23,349
17.0		1/2% Local Government Option Sales Tax (40)	11,121	10,868	11,498	12,250	12,004	10,212
18.0		1/2% Local Government Option Sales Tax (42)	9,867	9,504	11,354	12,118	11,868	10,101
18.5		1/2% Local Government Option Sales Tax (44)	-159	1,787	6,649	10,752	10,969	9,993
19.0		Privilege Licenses
19.2		Privilege -- All other privileges and pemits
20.0		Auto Licenses
21.0		Vehicle Tax for Public Transportation
22.0		Other Licenses					10,818	20,358
23.0		Local Occupancy Tax	812,546	693,165	657,416	635,520	618,585	606,390
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
31.0		Transportation - Streets
32.0		Transportation - All Other
33.0		Environmental Protection
34.0		Econ. & Phys. Dev. - Housing/Comm. Dev.
35.0		Econ. & Phys. Dev. - All Other	210,901	182,893
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	30,575	33,139	31,807	32,131	33,786	33,551
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	144,892	87,718	82,914	75,298	57,256	42,403
45.0		Beer and Wine Tax	1,164	368	1,127	1,110	1,035	958
46.0		Powell Bill	38,275	37,794	42,197	46,603	36,854	36,928
50.0		Court Fees - Facilities and Arrest Fees
51.0		General Government	1,700	2,540	66,673	3,000	279,710	301,522
52.0		Public Safety	4,200	3,000	2,000
53.0		Transportation - Streets
54.0		Transportation - All Other
55.0		Environmental Protection		1,153	511	2,375	3,036	1,833
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	113,523	113,536	101,000	85,600	100,600	96,600
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	30,399	81,289	54,927	101,012	223,369	402,794
72.0	& FEES	Inspection Fees
72.1		Amusements licensing and permit taxes
73.0		Other Permits	173,825	213,155	247,621	411,754	431,386	401,927
74.0	SALES &	Parking Revenues
75.0	SERVICES	Rents and Royalties
76.0		Airport
77.0		Fire Protection Charges
78.0		Solid Waste
79.0		Ambulance and Rescue Squad Charges	15,549	14,104	16,951	4,250	9,379	468
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	1,781,793	1,934,002	1,765,294	2,472,357	2,297,831	1,591,141
87.0	REVENUES	Electric Charges
88.0		Gas Charges
88.1		Storm Water Fees
89.0	MISC.	Investment Earnings - Bond Proceeds		6,080
90.0	REVENUES	Investment Earnings - All Other Funds	21,085	26,248	140,443	840,936	469,985	324,342
91.0		Special Assessments
92.0		Private Contributions and Donations
93.0		Sales of Materials and Fixed Assets	1,200	1,000	2,050	650
94.0		Sale of Real Property
95.0		Nongovt Contr For Streets & Traffic Signals						30,000
96.0		ABC Mixed Drink Surcharge
97.0		ABC Profit Distribution
98.0		Other Miscellaneous Revenues	12,976	23,313	36,666	19,272	29,408	15,633
99.0		Proceeds of Sale of Bonds and Notes		15,000,000				6,900,000
100.0		Proceeds of Capital Leases/Install Purchases
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
106.0		Deposits Other than Utility
107.0		Prepaid Taxes
108.0		Prepaid Privilege Licenses
109A	PART 4	Governing Body - Salaries & Wages
109B	GENERAL	Governing Body - Other Direct	37,766	30,354	46,346	40,383	23,726	18,161
109C	GOVT	Governing Body - Construction
109D		Governing Body - Purchase of P,P&E
110A		Administration - Salaries & Wages	411,512	457,597	473,263	390,686	392,005	298,377
110B		Administration - Other Direct	888,457	737,534	786,577	609,106	679,673	549,631
110C		Administration - Construction
110D		Administration - Purchase of P,P&E	6,200	20,595	59,259	7,986
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
115C		Public Buildings - Construction
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
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	1,159,546	1,129,642	615,798	609,520	561,390	506,811
119B	SAFETY	Police & Comm - Traffic Control - Other Direct	552,992	588,201	312,571	335,371	330,638	320,275
119C		Police & Comm - Traffic Control - Construction
119D		Police & Comm - Traffic Control - Purchase of P,P&E	9,900			25,005		30,602
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			499,636	427,317	416,189	411,840
122B		Fire - Other Direct			323,232	283,163	332,997	337,835
122C		Fire - Construction				13,690
122D		Fire - Purchase of P,P&E					251,370	140,798
123A		Inspectors - Salaries & Wages	61,081	148,851	144,755	132,060	73,468	77,975
123B		Inspectors - Other Direct	29,993	81,570	83,565	71,035	44,065	47,379
123C		Inspectors - Construction
123D		Inspectors - Purchase of P,P&E					13,417
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
128B		Streets and Highways - Other Direct	10,559	91,129	51,457	313,929	387,151	142,698
128C		Streets and Highways - Construction					25,263	30,000
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
130B		Powell Bill - Other Direct
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	328,086	326,479	329,502	304,372	268,259	189,106
136B	MENTAL	Solid Waste - Other Direct	517,578	467,722	466,107	413,108	383,307	310,108
136C	PROTECTION	Solid Waste - Construction			30,226	239,174
136D		Solid Waste - Purchase of P,P&E		11,995	9,501	662,000	71,223	55,715
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
139C		Environ. All Other - Construction
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	76,910
141B		Economic Development - Other Direct	1,411,326
141C		Economic Development - Construction	395,717	17,721,186	1,575,406	921,234	2,538,941	1,515,829
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
145B		Econ. Dev. All Other - Other Direct			26,694	115,780	29,969
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	470,258	490,913	423,787	483,082	341,055	152,725
158B		Water & Sewer - Other Direct	627,711	575,930	670,608	609,269	647,984	236,158
158C		Water & Sewer - Construction	197,453	371,838	759,835	1,286,897	411,093
158D		Water & Sewer - Purchase of P,P&E	5,698	18,913	505,832	266,334	334,936	5,011,797
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	182,166	196,838	228,295	247,863	261,994	139,833
161D	SERVICE	Water & Sewer - Principal	417,875	403,204	381,235	364,829	350,698	170,222
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	601,339	522,552				133,162
166D		All Other - Principal	2,292,490	1,647,819				2,388,779
167B	PENSION	Direct Benefit Program - Other Direct
168B	FRINGE	Fringe Benefits Unallocated
169B		Separation Allowance - Law Enforcement	16,659	16,659
170B		Separation Allowance - Other Employees
171B		Supplemental Retirement - Law Enforcement	53,768	26,706	28,867	28,578	26,255	25,193
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	6,960,365.	5,644,346.00	5,150,441.00	4,672,986.00	4,525,113.00	4,335,644.00
180.0		Current year's levy -- Motor vehicles (only)	827.	1,228.00	1,171.00	488.00	1,382.00	2,358.00
181.0	PART 6	Uncollected Taxes - Current Year's Levy Except Mot Veh	124,915.	133,229.00	103,167.00	60,687.00	13,880.00	2,358.00
182.0	OTHER	Uncollected Taxes - CY Levy -Motor Vehicles	27	9	21		156	135
183.0	DATA	Percentage of Taxes Collected - All Property %	98.21	97.64	98.00	98.70	99.69	99.94
184.0	DATA	Percentage of Taxes Collected - Exclude Motor Vehicles%	98.21	97.64	98.00	98.70	99.69	99.95
185.0		Percentage of Taxes Collected - Motor Vehicles %	96.74	99.27	98.21	100.00	88.71	94.27
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	6,066,890	6,534,145	8,577,553	8,291,487	8,413,775	8,603,071
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	10,960,406	26,526,480	11,248,895	12,363,072	10,337,541	15,205,900
194B	FISCAL	Amount - Subtract Refunding Bond Proceeds
194C	SUMMARY	Amount - Subtract Interfund Transfers In	534,748	2,398,898	2,842,448	2,932,005	1,146,389
194D		Amount - Net Revenues	10,425,658	24,127,582	8,406,447	9,431,067	9,191,152	15,205,900
		Calculated amount	10,425,658	24,127,582	8,406,447	9,431,067	9,191,152	15,205,900
		Amounts in AGREEMENT??	Yes	Yes	Yes	Yes	Yes	Yes
		Difference
195A		Amount - Total Expenditures	11,297,788	28,483,125	11,674,802	12,133,776	10,343,455	13,241,009
195B		Amount - Subtract Pymts. to Refunded Debt Agent
195C		Amount - Subtract Interfund Transfers Out	534,748	2,398,898	2,842,448	2,932,005	1,146,389
195D		Amount - Net Expenditures	10,763,040	26,084,227	8,832,354	9,201,771	9,197,066	13,241,009
		Calculated amount	10,763,040	26,084,227	8,832,354	9,201,771	9,197,066	13,241,009
		Amounts in AGREEMENT??	Yes	Yes	Yes	Yes	Yes	Yes
		Difference

401A	Part 10	Number of residential accounts billed Water					5,283
401B	Water /	Number of residential accounts billed Sewer
402A	Sewer	Amount processed and/or purchased in units Water	69	68	73	73,802	84,646
402B	Operations	Amount processed and/or purchased in units Sewer	47	44	38		37,428
403A		Total amount billed in units - Water	62	63	67	68,811	83,784
403B		Total amount billed in units - Sewer	47	9	8	6,069	37,033
404A		Of the total in 403A above how many units were Residential W	5	51	52	55,233	27,649
404B		Of the total in 403B above how many units were Residential S	39	35			24,812
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
408A		Dollars related to 403A above	704,681	724,924	711,504	654,565	657,531
408B		Dollars related to 403B above	716,229	706,441	666,332	642,151	594,406
409A		Dollars related to 404A above	563,072	567,955	552,669	525,255	216,985
409B		Dollars related to 404B above	687,266	621,384	581,383	584,436	398,252
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
421A		Number of residential accounts billed - Water	1,127	1,102	1,095	1,083
421B		Number of residential accounts billed - Sewer	1,097	1,079	1,066	1,041
422A		Number of non-residential & bulk accounts billed - Water	89	100	94	83
422B		Number of non-residential & bulk accounts billed - Sewer	43	43	41	38
423A		Estimated percentage of accounts outside of municipal limits



950.0		Official	Calvin R. Peck, Jr.
951.0		Title	Village Manager
952.0		Date	10/31/2011	11/22/2010	11/16/2009	10/31/2008	11/30/2007	12/28/2006
953.0		Contact	Calvin R. Peck, Jr.
954.0		Title	Village Manager
955.0		Phone	(910)457-9700
956.0		Fax	(910)457-6206
957.0		E-Mail:

Go to top of page Key Ratios and Operations Statistics of Water and Sewer Systems for
Village of Bald Head Island

	2011	2010	2009	2008	2007	2006

Population	159	264	258	251	241	229
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	$1,690,713	1,821,323	1,681,598	1,681,427	1,900,488	821,537
Total Operating Revenues Per Capita	$10,633	6,899	6,518	6,699	7,886	3,587
Group Weighted Average Revenues Per Capita	765	690	619	599	604	640
State Weighted Average Revenues Per Capita	404	384	353	365	367	356

% to Total Operating Revenues
Operating Expenses	78.28%	71.27%	78.38%	76.95%	61.89%	58.17%
Group Weighted Average	110.68%	105.59%	107.10%	108.87%	101.63%	97.03%
State Weighted Average	81.99%	85.08%	89.86%	86.70%	82.47%	81.57%

Operating Margin	21.72%	28.73%	21.62%	23.05%	38.11%	41.83%
Group Weighted Average	-10.68%	-5.59%	-7.10%	-8.87%	-1.63%	2.97%
State Weighted Average	18.01%	14.92%	10.14%	13.30%	17.53%	18.43%

Operating Transfers In	0.00%	0.33%	88.61%	29.74%	18.42%	402.74%
Group Weighted Average	2.21%	1.85%	18.65%	13.41%	7.06%	34.55%
State Weighted Average	0.83%	1.71%	1.26%	1.45%	1.20%	1.83%

Operating Transfers Out	0.00%	0.00%	0.00%	0.00%	0.00%	288.14%
Group Weighted Average	0.63%	0.06%	1.57%	1.55%	1.24%	23.71%
State Weighted Average	1.76%	1.79%	2.55%	3.06%	1.94%	2.63%

Net Income before capital contributions	11.12%	18.50%	97.53%	39.86%	46.25%	141.25%
Group Weighted Average	-43.47%	-8.97%	5.47%	-49.23%	2.67%	11.65%
State Weighted Average	8.62%	7.13%	-10.44%	7.19%	11.65%	9.59%

Key Ratios and Cash Flow

Quick Ratio	1.49	1.94	2.29	1.59	1.80	1.53
Group Weighted Average	3.44	3.17	2.88	2.95	2.93	2.91
State Weighted Average	3.45	3.20	2.81	2.96	2.90	2.82

Days Sales in Receivables	8.0	36.4	38.9	60.4	33.2	73.4
Group Weighted Average	55.7	66.2	63.1	60.7	92.9	57.7
State Weighted Average	54.6	58.9	58.6	55.2	60.0	57.8

Days Cash on Hand	175.0	246.6	340.4	165.1	253.2	455.3
Group Weighted Average	423.5	421.5	444.6	403.8	375.0	418.7
State Weighted Average	494.2	465.8	424.9	457.2	497.5	457.2

Cash flow from Operations	$572,263	673,677	703,704	449,140	910,299	241,122

Debt to Equity	0.70	0.79	0.92	1.36	2.15	3.96
Group Weighted Average	0.16	0.12	0.13	0.14	0.15	0.15
State Weighted Average	0.61	0.60	0.57	0.56	0.56	0.52

Debt per Capita	30,264	19,810	21,833	23,961	26,469	29,388
Group Weighted Average	1,244	1,003	929	855	866	905
State Weighted Average	1,273	1,253	1,129	1,139	1,101	988

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	$88,231	111,671	83,564	788,628	386,235	539,068


Operating Statistics

Estimated population of the areas served Water	0	0	0	0	5,283	NA
Estimated population of the areas served Sewer	0	0	0	0	0	NA

Number of Gallons of Water Processed (000) omitted	69	68	73	73,802	84,646	NA
Number of Gallons of Sewage Processed (000) omitted	47	44	38	0	37,428	NA

Number of Gallons of Water Billed (000) omitted	62	63	67	68,811	83,784	NA
Number of Gallons of Sewage Billed (000) omitted	47	9	8	6,069	37,033	NA

Ratio of Water Billed to Water Processed	0.88783	0.93333	0.92149	0.93237	0.98982	NA
Ratio of Sewage Billed to Sewage Processed	1.00000	0.20455	0.20942		0.98945	NA

Total Revenue from Water Sales	704,681	724,924	711,504	654,565	657,531	NA
Total Revenue from Sewage Sales	716,229	706,441	666,332	642,151	594,406	NA

Water Revenue per 1000 gallons of Sales					124.46167	NA
Sewage Revenue per 1000 gallons of Sales						NA

Group Average Sales per thousand Gallons Water	$0.00009	$11.89213	$19.73896	$3,526.31757	$3,934.54117	NA
Group Average Sales per thousand Gallons Sewage	$0.00012	$26.06249	$19.03301	$2,694.62291	$3,121.94919	NA

State Average Sales per thousand Gallons Water	$0.00339	$25.16691	$28.47236	$12,972.02948	$5,350.70834	NA
State Average Sales per thousand Gallons Sewage	$0.00981	$42.22406	$44.32771	$10,951.56798	$3,961.38453	NA

Residential Water Sales per thousand Gallons	$112,840.08016	11,158.25147	10,648.72832	9.50980	7.84784	NA
Residential Sewage Sales per thousand Gallons	$17,514.42406	17,753.82857			16.05078	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

Go to top of page

Analysis of Available Fund Balance: General Fund

	2007	2008	2009	2010	2011
Unit's FBA %	117.50%	60.78%	59.61%	62.66%	56.73%
Group average FBA %	119.63%	116.82%	124.89%	120.75%	98.59%
State average Electric/Non Electric Group FBA %	37.39%	36.66%	37.89%	38.70%	40.91%
State average FBA %	36.54%	36.34%	119.63%	37.47%	39.42%

Municipal Population Group: No Electric 499 and Below

Go to top of page

2007 2008 2009 2010 2011

Municipality 99.69% 98.70% 98.00% 97.64% 98.21%

Pop. Group 97.25% 96.32% 95.87% 95.46% 97.33%

Statewide 97.58% 97.56% 97.34% 97.36% 97.43%

Municipal Population Group: No Electric 499 and Below

	2007	2008	2009	2010	2011
Municipality	99.69%	98.70%	98.00%	97.64%	98.21%
Pop. Group	97.25%	96.32%	95.87%	95.46%	97.33%
Statewide	97.58%	97.56%	97.34%	97.36%	97.43%

Municipal Population Group: No Electric 499 and Below

Go to top of page

2007 2008 2009 2010 2011

Municipality 0 0 0 50,576 69,566

Pop. Group 201 155 161 591 479

Statewide 478 456 455 449 450

Municipal Population Group: Under 500

	2007	2008	2009	2010	2011
Municipality	0	0	0	50,576	69,566
Pop. Group	201	155	161	591	479
Statewide	478	456	455	449	450

Municipal Population Group: Under 500

Go to top of page

2007 2008 2009 2010 2011

Property Tax $18,791 18,489 19,776 20,321 41,400

Utility 9,535 9,850 6,842 7,326 11,206

Sales Tax 246 232 211 191 317

Sales & Services 39 17 66 53 98

Intergovernmental 2,126 981 1,272 1,751 3,429

Debt Proceeds 0 0 0 56,818 0

Other Miscellaneous 7,401 8,005 4,416 4,932 9,120

Total $38,138 37,574 32,583 91,392 65,570

	2007	2008	2009	2010	2011
Property Tax	$18,791	18,489	19,776	20,321	41,400
Utility	9,535	9,850	6,842	7,326	11,206
Sales Tax	246	232	211	191	317
Sales & Services	39	17	66	53	98
Intergovernmental	2,126	981	1,272	1,751	3,429
Debt Proceeds	0	0	0	56,818	0
Other Miscellaneous	7,401	8,005	4,416	4,932	9,120
Total	$38,138	37,574	32,583	91,392	65,570

Go to top of page

2011
2011

Category Revenue
Per Capita

Property Tax $6,582,549
$41,400

Water/Sewer 1,781,793
11,206

Electric 0
0

Other Utilities 0
0

Sales Tax 50,381
317

Sales & Services 15,549
98

Intergovernment 545,230
3,429

Debt Proceeds 0
0

Miscellaneous 1,450,156
9,120

Total $10,425,658
$65,570

Municipal Population Group: No Electric 499 and Below

Go to top of page

2011
2011

Category Expenditures
Per Capita

General Government $1,343,935
$8,453

Water/Sewer 1,301,120
8,183

Electric 0
0

Other Utilities 0
0

Debt Service 3,493,870
21,974

Transportation 10,559
66

Public Safety 1,883,939
11,849

Other 2,729,617
17,167

Total $10,763,040
$67,692

Municipal Population Group: No Electric 499 and Below

Go to top of page

2011
2011

Category Expenditures
Per Capita

Salaries & Wages $2,507,393
$15,770

Water/Sewer Capital 203,151
1,278

Electric Capital 0
0

Other Capital 411,817
2,590

Other Operating 7,640,679
48,054

Total $10,763,040
$67,692

Municipal Population Group: No Electric 499 and Below

Last Updated 3/30/2012 4:01:40 PM



	2011	2011
Category	Revenue	Per Capita
Property Tax	$6,582,549	$41,400
Water/Sewer	1,781,793	11,206
Electric	0	0
Other Utilities	0	0
Sales Tax	50,381	317
Sales & Services	15,549	98
Intergovernment	545,230	3,429
Debt Proceeds	0	0
Miscellaneous	1,450,156	9,120
Total	$10,425,658	$65,570

Municipal Population Group: No Electric 499 and Below

North CarolinaDepartment of State TreasurerFinancial InformationVillage of Bald Head Island

Financial Graphs and Comparisons

North Carolina
Department of State Treasurer
Financial Information
Village of Bald Head Island