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

Financial Profile | General Fund | Enterprise Funds | Cash, Investments and Financing
Annual Financial Information Report Detail
Financial Graphs and Comparisons
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Incorporated 09/18/1998.

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	$335,060	238,499	177,351	168,293	156,343	124,604
		Utility	(1,320)	101,740	125,956	126,361	-	-
		Sales Tax	649,129	660,006	598,628	489,727	430,800	285,704
		Sales & Services	-	-	-	-	-	-
		Intergovernmental	513,682	190,875	242,806	221,468	153,145	254,669
		Debt Proceeds	-	-	36,576	10,000	-	-
		Other Miscellaneous	377,476	576,395	531,372	180,537	191,639	139,869
		Total	$1,874,027	1,767,515	1,712,689	1,196,386	931,927	804,846

	Expenditures by Function
		Utility	$0	-	-	-	-	-
		Debt Service	-	32,107	8,101	292,208	40,193	41,455
		Transportation	226,464	294,144	214,812	220,555	113,581	92,892
		General Government	817,739	317,276	382,659	299,086	264,270	185,409
		Public Safety	237,978	181,999	120,194	69,552	54,183	44,405
		Other	345,481	216,577	178,571	362,286	145,740	317,238
		Total	$1,627,662	1,042,103	904,337	1,243,687	617,967	681,399

	Expenditures by Object
		Salaries & Wages	$375,655	325,697	270,668	205,792	166,183	139,297
		Capital Outlay	798,642	206,862	219,960	353,233	52,163	218,987
		Other Operating + Debt Service	453,365	509,544	413,709	684,662	399,621	323,115
		Total	$1,627,662	1,042,103	904,337	1,243,687	617,967	681,399


	Per Capita Revenues by Source
		Property Tax	$117	89	70	69	74	60
		Utility	-	38	50	52	-	-
		Sales Tax	225	248	235	201	204	137
		Sales & Services	-	-	-	-	-	-
		Intergovernmental	179	71	96	91	72	122
		Debt Proceeds	-	-	14	4	-	-
		Other Miscellaneous	131	216	210	74	90	67
		Total	$652	662	675	491	440	386

	Per Capita Expenditures by Function
		Utility	$0	-	-	-	-	-
		Debt Service	-	12	3	120	19	20
		Transportation	79	110	85	90	54	45
		General Government	285	119	152	122	123	89
		Public Safety	83	68	47	29	26	21
		Other	120	81	70	149	69	152
		Total	$567	390	357	510	291	327

	Per Capita Expenditures by Object
		Salaries & Wages	$131	122	107	84	78	67
		Capital Outlay	278	77	87	145	25	105
		Other Operating	158	191	163	281	188	155
		Total	$567	390	357	510	291	327

	Population Group		No Electric 2,500 to 9,999	No Electric 2,500 to 9,999	No Electric 2,500 to 9,999	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	119	121	119	103	106	107
		Average Population In Group	4,702	4,808	4,820	1,632	1,644	1,628
		Town of Carolina Shores Population	2,873	2,671	2,536	2,439	2,120	2,084
	Group Average Per Capita Revenues by Source
		Property Tax	339	312	306	331	319	306
		Utility	315	316	326	374	340	333
		Sales Tax	160	158	154	172	157	133
		Sales & Services	81	79	74	71	64	61
		Intergovernmental	182	176	160	220	257	307
		Debt Proceeds	174	109	95	89	82	56
		Other Miscellaneous	126	161	126	125	137	126
		Total	1,377	1,311	1,241	1,382	1,356	1,322

	Group Average Per Capita Expenditures by Function
		Utility	377	334	305	425	445	432
		Debt Service	103	97	98	107	86	103
		Transportation	112	112	112	132	139	108
		General Government	170	160	156	193	174	180
		Public Safety	322	312	280	294	315	264
		Other	233	237	209	170	159	169
		Total	1,317	1,252	1,160	1,321	1,318	1,256

	Group Average Per Capita Expenditures by Object
		Salaries & Wages	421	408	390	397	376	351
		Capital Outlay	284	254	205	283	317	298
		Other Operating	612	590	565	641	625	607
		Total	1,317	1,252	1,160	1,321	1,318	1,256


General Fund Go to top of page			2008	2007	2006	2005	2004	2003
	General Fund revenues		$1,874,661	1,654,998	1,528,850	967,605	809,623	585,515
	General Fund expenditures		1,627,662	923,842	812,815	958,966	540,939	441,310
	Operating transfers in		106,687	-	-	-	-	-
	Operating transfers out		-	-	-	100,000	-	-
	Capital leases and installment purchase proceeds		-	-	36,576	10,000	-	-
	Other items		-	-	-	34,250	-	-
	Excess of revenues and other sources over (under) expenditures and other uses		353,686	731,156	752,611	(47,111)	268,684	144,205

	Fund balance available (FBA):
		In dollars	$2,472,500	2,270,627	1,546,800	817,670	868,665	605,005
		FBA as a % of GF Net Expenditures:
		Unit's FBA %	151.91	245.78	199.27	77.95	160.58	137.09
		Group weighted average FBA %	65.07	64.31	62.33	69.64	70.93	74.33
		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
	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			2008	2007	2006	2005	2004	2003

		Population at July 1st of the Previous Year	2,873	2,671	2,536	2,439	2,120	2,084
		Population Group	No Electric 2,500 to 9,999	No Electric 2,500 to 9,999	No Electric 2,500 to 9,999	No Electric 1,000 to 2,499	No Electric 1,000 to 2,499	No Electric 1,000 to 2,499
		Cash &Investments	$2,564,838	2,567,354	1,792,284	961,062	1,026,981	728,183
		Investment Earnings	89,383	79,936	51,497	21,111	10,939	10,158
		Tax Rate Equivalent	0.0219	0.0328	0.0234	0.0100	0.0055	0.0064
		Tax Rate Equivalent Group weighted average	0.0296	0.0439	0.0322	0.0164	0.0094	0.0147
		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	$408,292,478	243,675,932	220,293,874	210,232,897	199,638,331	158,846,358
		Tax Rate	0.0800	0.0800	0.0800	0.0800	0.0800	0.0800
		Tax Rate Group weighted average	0.2682	0.3126	0.3191	0.3306	0.3386	0.3479
		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	90.92	83.47	91.52	86.82	87.25	85.88
		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	$411,212,084	389,881,491	275,367,343	240,596,128	199,638,331	195,575,422
		EffectiveTax Rate	0.0794	0.0500	0.0640	0.0699	0.0800	0.0650
		Group weighted average Effective Tax Rate	0.2438	0.2610	0.2921	0.2870	0.2954	0.2988
		Statewide weighted average Effective Tax Rate	0.3765	0.3939	0.3987	0.4108	0.4209	0.4113
		Percent Collected	99.29	98.79	98.66	98.06	97.45	99.26
		Percent Collected Group weighted average	97.46	96.76	96.72	96.84	96.44	96.05
		Percent Collected Statewide	97.97	97.59	97.55	97.42	97.31	96.96
		Percent Collected Excluding Motor Vehicles	99.60	99.21	99.13	98.25	97.70	99.64
		Percent Collected Excluding Motor Vehicles Group weighted average	98.08	98.00	98.08	97.85	97.46	97.65
		Percent Collected Excluding Motor Vehicles Statewide weighted average	98.66	98.59	98.61	98.36	98.26	98.31
		Percent Collected Motor Vehicles Only	94.87	94.98	94.45	96.40	95.12	94.97
		Percent Collected Motor Vehicles Only Group weighted average	85.75	86.04	86.22	86.22	84.94	83.89
		Percent Collected Motor Vehicles Only Statewide weighted average	86.74	86.71	86.80	87.31	87.62	86.69
		Tax Uncollected	1,185	2,341	2,364	3,262	4,027	920
		Tax Rate Equivalent	0.0003	0.0010	0.0011	0.0016	0.0020	0.0006
		Dominant County: Brunswick
	Debt Information
		Population Group	2,500 to 4,999	2,500 to 4,999	2,500 to 4,999	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	$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	152	149	162	306	297	#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	0.1101%	0.1223%	0.1565%	0.2847%	0.2930%	#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		2,873	2,671	2,536	2,439	2,120	2,084

1A	Non GASB34	General Fund Assets						802,570
1B	FISCAL	General Fund Liabilities						45,777
2A	SUMMARY	Debt-service Assets
2B		Debt service Liabilities
3A		Enterprise Assets
3B		Enterprise Liabilities
4A		Internal Service Assets
4B		Internal service Liabilities
5A		Special Revenue Assets						82,118
1.5A	GASB34	Governmental Activities Assets	5,183,990	4,385,257	3,498,562	2,482,066	2,268,307
1.5B	FISCAL	Governmental Activities Liabilities	409,489	136,542	131,011	46,240	326,048
3.5A	SUMMARY	Business Type Activities Assets
3.5B		Business Type Activities Liabilties
6.5A		Fiduciary Funds Assets
6.5B		Fiduciary Funds Liabilties
5B		Special Revenue Liabilities						69,880
6A		Trust & Agency Assets
6B		Trust & Agency Liabilities
7A		Capital Project Assets
7B		Capital Project Liabilities
8A		General Fixed Assets						1,236,560
9B		General Long term debt - Liabilities						298,683
10	PART 2	Current collections of unit-wide levy	324,867	191,049	174,543	147,936	154,069	123,927
11	TAX	Current collection of special tax districts						91,703
12	REVENUES	Prior years' levy collections	10,139	20,365	2,027	18,494	1,002	375
13		Penalties and interest	54	27,085	781	1,863	1,272	302
14		Collection of taxes previously written off
15		Animal tax
16		1% Local government sales and use tax	259,919	273,643	260,272	222,166	190,469	133,624
17		1/2% Local government sales and use taxes (Article 40)	135,757	133,108	114,049	89,283	81,507	69,564
18		1/2% Local government sales and use taxes (Article 42)	134,302	131,598	112,811	88,279	80,402	68,806
18.5		1/2% Local government sales and use taxes (Article 44)	119,151	121,657	111,496	89,999	78,422	13,710
19		Licenses Privilege					1,957	851
19.1		Privilege - Occupational & business licensing & permit taxes	8,620	5,985	1,008	4,038
19.2		Privilege -- All other privileges and pemits
20		General Municipal Vehicle Tax
21		Vehicle Tax for Public Transportation
22		Other licenses - Include CATV
23		Local occupancy tax
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	300,000
30		Public safety			45,157
31		Transportation - Streets
32		Transportation - All other
33		Utility franchise tax					1,355	127,504
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	97,364	86,034	79,848	70,040	68,018	58,817
45		Beer and Wine tax	12,304	11,460	10,773	9,384	8,950	6,570
46		Powell Bill	104,014	90,381	90,028	83,303	74,822	61,778
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
52		Public safety				642
53		Transportation - Streets
54		Transportation - All other
55		Environmental protection		3,000	17,000	58,099
56		Econ. & Phys. Dev. - Housing/Comm. Dev.
57		Econ. & Phys. Dev. - All Other
58		Human Services: Health, mental health, hospitals
59		All Other
60		Culture and recreation
61	LOCAL	LOCAL Payment in lieu of taxes
62	INTERGOV	General government
63	REVENUES	Public safety
64		Transportatin - Streets
65		Transportation - All other
66		Environmental protection
67		Economic and physical development
68		Human Services: Health, Mental Health & Hosp
69		Human Services: All Other
70		Culture and recreation
71	PERMITS	Building permits	271,635	445,690	461,895	110,839	54,157	30,544
72	& FEES	Inspection fees	5,930	11,935	10,830	4,013	2,103	1,025
72.1		Amusements licensing and permit taxes
73		Other permits
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
87	REVENUES	Electric charges
88		Gas charges
88.1		Storm Water Fees	-1,320	101,740	125,956	126,361
89	MISC.	On bond proceeds
90	REVENUES	On general and all other funds	89,383	79,936	51,497	21,111	10,939	10,158
91		Special assessments					120,863
92		Private contribution and donations
93		Sales of materials and fixed assets				5,000
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	1,908		6,142	35,536	1,620	5,588
99		Proceeds of the sale of bonds and notes
100		Proceeds of capital leases and installment purchases			36,576	10,000
101		Other		32,849
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	-29,928	31,492	58,801	28,500	10,846	7,000
107		Prepaid taxes
108		Prepaid privilege licenses
109A	PART 4	Governing body - Salaries	6,352	5,625	5,775	5,700	6,175	5,475
109B	GENERAL	Governing body - All other Direct	2,435	1,248	945	430	1,732	237
109C	GOVT	Governing body - Construction
109D		Governing body - Land, Equipment and Existing Structures
110A		Administration - Salaries	159,867	134,744	118,494	103,347	86,288	75,852
110B		Administration - All other Direct	120,778	120,932	95,616	89,335	82,687	73,933
110C		Administration - Construction
110D		Administration - Land, Equipment and Existing Structures				2,139
111A		Elections (cost of) - Salaries
111B		Elections (cost of) - All other Direct	1,761		1,178		1,185
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	288		256	258	225
113C		Taxes - Construction
113D		Taxes - Land, Equipment, and Existing Structures
114A		Legal - Salaries
114B		Legal - All other Direct	10,838		6,000	8,500	9,675
114C		Legal - Construction
114D		Legal - Land, Equipment, and Existing Structures
115A		Public Buildings - Salaries	11,335	10,627	9,873	5,645	3,778	3,429
115B		Public Buildings - All other Direct	35,620	23,601	22,457	20,531	20,362	13,083
115C		Public Buildings - Construction	468,465					13,400
115D		Public Buildings - Land, Equipment, and Existing Structures		20,499	122,065	63,201	52,163
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
118C		General Government All Other - Construction
118D		General Government All Other - Land, Equipment, and Existing Structures
119A	PUBLIC	Police and Communications - Salaries
119B	SAFETY	Police and Communications - All other Direct
119C		Police and Communications - Construction
119D		Police and Communications - Land, Equipment and Existing Structures
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	9,575	3,962	3,891	4,409	3,086	2,500
121C		Emergency Managment - Construction
121D		Emergency Management - Land, Equipment, and Existing Structures
122A		Fire - Salaries
122B		Fire - All other Direct	30,325	25,325		215	215	210
122C		Fire - Construction
122D		Fire - Land, Equipment, and Existing Structures
123A		Inspectors - Salaries	125,221	105,047	73,270	36,139	25,492	20,347
123B		Inspectors - All other Direct	52,576	45,165	43,033	28,789	25,390	21,348
123C		Inspectors - Construction
123D		Inspectors - Land, Equipment, and Existing Structures	17,781
124A		Rescue Units - Salaries
124B		Rescue Units - All other Direct	2,500	2,500
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		43,984		29,548	26,704	14,772
128B		Streets and Highways - All other Direct		34,751		24,105	59,296	43,120
128C		Streets and Highways - Construction		100,000
128D		Streets and Highways - Land, Equipment and Existing Structures	126,147		66,825	64,665		35,000
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	37,695		38,517
130B		State Street Aid Allocation - Powell Bill - All other Direct	59,358	31,839	78,400	88,149	27,581
130C		State Street Aid Allocation - Powell Bill - Construction		82,990
130D		State Street Aid Allocation - Powell Bill - Land, Equipment, and Existing Structures	3,264	580	31,070	14,088
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	22,873	15,528	19,432	17,811	16,337	13,620
136B	MENTAL	Solid Waste - All other Direct	50,579	53,599	50,008	45,771	44,253	49,275
136C	PROTECTION	Solid Waste - Construction
136D		Solid Waste - Land, Equipment, and Existing Structures	7,000	2,793
137A		Drainage and Watershed - Salaries	10,159	9,018	3,307	7,602	1,409	3,527
137B		Drainage and Watershed - All other Direct	61,585	119,532	91,778	76,777	77,206	69,843
137C		Drainage and Watershed - Construction	175,985			209,030		170,587
137D		Drainage and Watershed - Land, Equipment, and Existing Structures				110
138A		Cemeteries - Salaries
138B		Cemeteries - All other Direct
138C		Cemeteries - Construction
138D		Cemeteries - Land, Equipment, and Existing Structures
139A		Environmental Protection - All Other - Salaries
139B		Environmental Protection - All Other - All other Direct
139C		Environmental Protection - All Other - Construction
139D		Environmental Protection All Other - Land, Equipment, and Existing Structures
140A	ECONOMIC	Planning and Zoning - Salaries	2,153	1,124	2,000			2,275
140B	& PHYSICAL	Planning and Zoning - All other Direct	15,147	14,983	12,046	5,185	6,535	8,111
140C	DEVELOP	Planning and Zoning - Construction
140D		Planning and Zoning - Land, Equipment, and Existing Structures
141A		Economic Development - Salaries
141B		Economic Development - All other Direct
141C		Economic Development - Construction
141D		Economic Development - Land, Equipment, and Existing Structures
142A		Community Development - Salaries
142B		Community Development - All other Direct
142C		Community Development - Construction
142D		Community Development - Land, Equipment, and Existing Structures
143A		Housing and Urban Renewal - Salaries
143B		Housing and Urban Renewal - All other Direct
143C		Housing and Urban Renewal - Construction
143D		Housing and Urban Renewal - Land, Equipment, and Existing Structures
144A		Special Employment Programs (JTPA) - Salaries
144B		Special Employment Programs (JTPA) - All other Direct
144C		Special Employment Programs (JTPA) - Construction
144D		Special Employment Programs (JTPA) - Land, Equipment, and Existing Structures
145A		Economic and Physical Development - All Other - Salaries [A]
145B		Economic and Physical Development - All Other - All other Direct
145C		Economic and Physical Development - All Other - Construction
145D		Economic and Physical Development - All Other - Land, Equipment, and Existing Structures
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
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
157C		Human Services - All Other - Construction
157D		Human Services - All Other - Land, Equipment, and Existing Structures
158A	UTILITY	Water and Sewer - Salaries
158B		Water and Sewer - All other Direct
158C		Water and Sewer - Construction
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
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		2,361	1,271	18,116	13,560	28,183
166D		All Other - Debt Service Principal Payments		29,746	6,830	274,092	26,633	13,272
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)
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	306,033	174,008	159,390	150,980	142,974	114,763
180	OTHER	Current Year Levy Motor Vehicles Only	21,154	19,382	17,518	17,023	15,122	10,084
181	DATA	Uncollected Taxes - Current Year's Levy - Excluding Motor Vehicles	1,234	1,368	1,391	2,649	3,289	413
182		Uncollected Taxes - Current Year's Levy - Motor Vehicles	1,086	973	973	613	738	507
183		Percentage of Taxes Collected - Current Year All Property	99.29	98.79	98.66	98.06	97.45	99.26
184		Percentage of Taxes Collected - Current Year - Excluding Motor Vehicles	99.6	99.21	99.13	98.25	97.70	99.64
185		Percentage of Taxes Collected - Current Year - Motor Vehicles	94.87	94.98	94.45	96.40	95.12	94.97
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	2,564,838	2,567,354	1,792,284	961,062	1,026,981	728,183
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	1,980,714	1,767,515	1,712,689	1,301,386	931,927	804,846
194B	FISCAL	Amounts - Subtract proceeds of refunding debt
194C	SUMMARY	Amounts - Subtract interfund transfers in	106,687			105,000
194D		Amounts - Net Revenues per AFIR	1,874,027	1,767,515	1,712,689	1,196,386	931,927	804,846
		Calculated amount	1,874,027	1,767,515	1,712,689	1,196,386	931,927	804,846
		Amounts in AGREEMENT??	Yes	Yes	Yes	Yes	Yes	Yes
		Difference
195A		Amounts - Total Expenditures and other financing sources per audit	1,734,349	1,042,103	904,337	1,348,687	617,967	681,399
195B		Amounts - Subtract payments to refunding debt escrow agent
195C		Amounts - Subtract interfund transfers out	106,687			105,000
195D		Amounts Net Expenditures per AFIR	1,627,662	1,042,103	904,337	1,243,687	617,967	681,399
		Calculated amount	1,627,662	1,042,103	904,337	1,243,687	617,967	681,399
		Amounts in AGREEMENT??	Yes	Yes	Yes	Yes	Yes	Yes
		Difference

	PART 10

950		Name of Official Signatory	Julie Munday
951		Title of Official	Finance Director
952		Date Certified	10/24/2008	10/25/2007	10/30/2006
953		Person to Contact	Julie Munday
954		Title of Person to Contact	Finance Director
955		Telephone Number	910-575-4877
956		Facsimile Number	910-575-4812

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 %	160.58%	77.95%	199.27%	245.78%	151.91%
Group average FBA %	70.93%	69.64%	62.33%	64.31%	65.07%
State average Electric/Non Electric Group FBA %	36.42%	36.90%	36.51%	37.14%	36.47%
State average FBA %	36.35%	36.76%	70.93%	36.37%	36.20%

Municipal Population Group: No Electric 2,500 to 9,999

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2004 2005 2006 2007 2008

Municipality 97.45% 98.06% 98.66% 98.79% 99.29%

Pop. Group 96.44% 96.84% 96.72% 96.76% 97.46%

Statewide 97.31% 97.42% 97.55% 97.59% 97.97%

Municipal Population Group: No Electric 2,500 to 9,999

	2004	2005	2006	2007	2008
Municipality	97.45%	98.06%	98.66%	98.79%	99.29%
Pop. Group	96.44%	96.84%	96.72%	96.76%	97.46%
Statewide	97.31%	97.42%	97.55%	97.59%	97.97%

Municipal Population Group: No Electric 2,500 to 9,999

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2004 2005 2006 2007 2008

Municipality 0 0 0 0 0

Pop. Group 297 306 162 149 152

Statewide 548 505 495 478 456

Municipal Population Group: 2,500 to 4,999

	2004	2005	2006	2007	2008
Municipality	0	0	0	0	0
Pop. Group	297	306	162	149	152
Statewide	548	505	495	478	456

Municipal Population Group: 2,500 to 4,999

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2004 2005 2006 2007 2008

Property Tax $74 69 70 89 117

Utility 0 52 50 38 0

Sales Tax 204 201 235 248 225

Sales & Services 0 0 0 0 0

Intergovernmental 72 91 96 71 179

Debt Proceeds 0 4 14 0 0

Other Miscellaneous 90 74 210 216 131

Total $440 491 675 662 652

	2004	2005	2006	2007	2008
Property Tax	$74	69	70	89	117
Utility	0	52	50	38	0
Sales Tax	204	201	235	248	225
Sales & Services	0	0	0	0	0
Intergovernmental	72	91	96	71	179
Debt Proceeds	0	4	14	0	0
Other Miscellaneous	90	74	210	216	131
Total	$440	491	675	662	652

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2008
2008

Category Revenue
Per Capita

Property Tax $335,060
$117

Water/Sewer 0
0

Electric 0
0

Utility -1,320
0

Sales Tax 649,129
225

Sales & Services 0
0

Intergovernment 513,682
179

Debt Proceeds 0
0

Miscellaneous 377,476
131

Total $1,874,027
$652

Municipal Population Group: No Electric 2,500 to 9,999

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2008
2008

Category Expenditures
Per Capita

General Government $817,739
$285

Water/Sewer 0
0

Electric 0
0

Utilities 0
0

Debt Service 0
0

Transportation 226,464
79

Public Safety 237,978
83

Other 345,481
120

Total $1,627,662
$567

Municipal Population Group: No Electric 2,500 to 9,999

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2008
2008

Category Expenditures
Per Capita

Salaries & Wages $375,655
$131

Water/Sewer Capital 0
0

Electric Capital 0
0

Capital Outlay 798,642
278

Other Operating 453,365
158

Total $1,627,662
$567

Municipal Population Group: No Electric 2,500 to 9,999

Last Updated 8/27/2009 9:04:07 AM



	2008	2008
Category	Revenue	Per Capita
Property Tax	$335,060	$117
Water/Sewer	0	0
Electric	0	0
Utility	-1,320	0
Sales Tax	649,129	225
Sales & Services	0	0
Intergovernment	513,682	179
Debt Proceeds	0	0
Miscellaneous	377,476	131
Total	$1,874,027	$652

Municipal Population Group: No Electric 2,500 to 9,999

North CarolinaDepartment of State TreasurerFinancial InformationTown of Carolina Shores

Financial Graphs and Comparisons

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