North Carolina
Department of State Treasurer
Financial Information
Town of Oak 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

Incorporated 07/01/1999. The AFIR report that was due 10/31/2011 has not been received as of 02/02/2012The Audit report was received 02/01/2012 but has not yet been reviewed.


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		201120102009200820072006

Revenues by Source







Property Tax$0 5,942,136 5,833,628 5,306,256 4,963,214 4,763,084


Utility - 4,375,239 3,657,179 3,324,159 2,958,885 2,800,625


Sales Tax - 1,640,696 1,802,031 1,967,505 2,005,558 1,825,885


Sales & Services - 1,287,305 1,187,564 1,075,341 931,782 820,390


Intergovernmental - 4,646,669 3,592,809 1,518,145 1,899,148 1,812,011


Debt Proceeds - 5,180,284 55,541,866 33,770,614 46,594 61,139


Other Miscellaneous - 3,332,925 10,618,692 8,405,424 10,405,099 5,013,549


Total$0 26,405,254 82,233,769 55,367,444 23,210,280 17,096,683










Expenditures by Function







Utility$0 43,777,958 40,636,566 16,039,432 5,922,412 3,196,860


Debt Service - 5,105,634 1,527,465 3,764,697 1,043,706 882,787


Transportation - 1,063,382 1,164,819 1,043,830 1,079,222 1,188,093


General Government - 5,662,558 5,159,304 2,827,219 4,826,238 3,912,780


Public Safety - 5,228,736 8,798,376 9,782,918 6,440,734 3,541,059


Other - 2,417,584 2,491,041 3,088,433 4,029,217 3,443,955


Total$0 63,255,852 59,777,571 36,546,529 23,341,529 16,165,534










Expenditures by Object







Salaries & Wages$0 6,129,315 5,695,303 5,217,359 4,835,010 4,307,907


Capital Outlay - 44,404,367 45,336,310 19,725,676 9,360,748 4,460,875


Other Operating + Debt Service - 12,722,170 8,745,958 11,603,494 9,145,771 7,396,752


Total$0 63,255,852 59,777,571 36,546,529 23,341,529 16,165,534



















Per Capita Revenues by Source







Property Tax$0 691 696 642 613 618


Utility - 509 436 402 366 363


Sales Tax - 191 213 239 247 237


Sales & Services - 150 142 130 115 106


Intergovernmental - 541 429 184 235 235


Debt Proceeds - 603 6,625 4,088 6 8


Other Miscellaneous - 388 1,267 1,017 1,286 650


Total$0 3,073 9,808 6,702 2,868 2,217










Per Capita Expenditures by Function







Utility$0 5,094 4,847 1,942 732 415


Debt Service - 594 182 456 129 114


Transportation - 124 139 126 133 154


General Government - 659 616 342 596 507


Public Safety - 608 1,049 1,184 796 459


Other - 281 297 374 498 447


Total$0 7,360 7,130 4,424 2,884 2,096










Per Capita Expenditures by Object







Salaries & Wages$0 713 679 632 597 559


Capital Outlay - 5,167 5,407 2,388 1,157 579


Other Operating - 1,480 1,044 1,404 1,130 958


Total$0 7,360 7,130 4,424 2,884 2,096










Population GroupNo Electric 2,500 to 9,999 No Electric 2,500 to 9,999 No Electric 2,500 to 9,999 No Electric 2,500 to 9,999 No Electric 2,500 to 9,999 No Electric 2,500 to 9,999


Number of Municipalites in Group 119 122 120 120 124 123


Average Population In Group 4,793 4,664 4,697 4,793 4,727 4,663


Town of Oak Island Population 6,830 8,594 8,384 8,261 8,093 7,711

Group Average Per Capita Revenues by Source







Property Tax 352 342346336310306


Utility 539 323315313317332


Sales Tax 125 125144160159152


Sales & Services 144 8582787671


Intergovernmental 251 198179175172159


Debt Proceeds 107 531521112428


Other Miscellaneous 144 120157179229189


Total 1,662 1,2461,3751,3521,2871,237










Group Average Per Capita Expenditures by Function







Utility 423 419414370332305


Debt Service 79 1031001029698


Transportation 89 9595110111112


General Government 167 179185169159156


Public Safety 303 323318318310280


Other 240 220219230235209


Total 1,301 1,3391,3311,2991,2431,160










Group Average Per Capita Expenditures by Object







Salaries & Wages 450 431429414405390


Capital Outlay 226 325317279252205


Other Operating 624 583585606584564


Total 1,300 1,3391,3311,2991,2411,159


















General Fund
Go to top of page		201120102009200820072006

General Fund revenues
 10,918,256 12,062,442 9,850,801 9,850,357 9,436,702

General Fund expenditures
 12,219,379 12,120,635 10,262,035 11,589,786 9,926,213

Operating transfers in
 1,078,310 499,664 741,239 308,000 117,065

Operating transfers out
 815,300 76,800 217,464 338,800 771,957

Capital leases and installment purchase proceeds
 - 980,000 - 1,151,000 1,409,749

Other items
 - - - - -

Excess of revenues and other sources over (under) expenditures and other uses
 (1,038,113) 1,344,671 112,541 (619,229) 265,346










Fund balance available (FBA):







In dollars
 4,083,256 4,927,892 3,399,760 4,349,126 4,806,032


FBA as a % of GF Net Expenditures:







 Unit's FBA %
31.3343.9332.4440.3551.74


 Group weighted average FBA %104.9767.3970.2665.0764.3162.32


 State weighted average Non-Electric Group26.6838.7137.8936.6637.3937.38


 State weighted average FBA %29.0137.4737.0336.3536.5436.96

















Enterprise Funds:
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None













Combined financial results:







Working capital







Quick ratio







Net income







Cashflow from operations







Depreciation & Amortization Expense































Cash, Investments and Financing
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Population at July 1st of the Previous Year6,8308,5948,3848,2618,0937,711


Population GroupNo Electric 2,500 to 9,999 No Electric 2,500 to 9,999 No Electric 2,500 to 9,999 No Electric 2,500 to 9,999 No Electric 2,500 to 9,999 No Electric 2,500 to 9,999


Cash &Investments$0 $10,422,563 $9,054,397 $11,237,529 $10,076,572 $12,842,247


Investment Earnings0 38,155 177,075 407,236 609,089 461,239


Tax Rate Equivalent0.00000.00090.00420.00970.04070.0321


Tax Rate Equivalent Group weighted average0.00270.00550.01300.02940.04370.0322


Tax Rate Equivalent Statewide weighted average0.01560.02470.01330.05240.09200.0573


Latest year of Revaluation 200720072007200720032003


January 1, Prior Year Assessed Valuation$4,311,622,899 4,283,980,343 4,242,797,313 4,203,291,615 1,495,372,965 1,438,801,906


Tax Rate0.15500.14000.14000.12450.33000.3300


Tax Rate Group weighted average0.27780.25520.26970.26690.31160.3191


Tax Rate State Wide0.41220.40900.42620.42380.44500.4321


Assessment -to-Sales Ratio97.27113.5998.0799.2962.5080.00


Assessment -to-Sales Ratio Group weighted average102.19102.8492.1790.9283.5191.52


Assessment -to-Sales Ratio Statewide101.4798.2790.8188.5388.4192.28


Assessed Valuation Adjusted for Assesment to Sales Ratio$4,432,633,802 3,771,441,450 4,326,294,803 4,233,348,389 2,392,596,744 1,798,502,383


EffectiveTax Rate0.15080.15900.13730.12360.20630.2640


Group weighted average Effective Tax Rate0.28380.26240.24860.24270.26020.2921


Statewide weighted average Effective Tax Rate0.41830.40200.38700.37520.39340.3987


Percent Collected0.000096.160096.070097.590098.210097.9700


Percent Collected Group weighted average96.5895.4095.4195.8196.7096.72


Percent Collected Statewide97.5997.3697.3497.5697.5897.55


Percent Collected Excluding Motor Vehicles0.0096.2696.1997.7998.7098.43


Percent Collected Excluding Motor Vehicles Group weighted average97.3397.4397.5598.0697.9998.08


Percent Collected Excluding Motor Vehicles Statewide weighted average98.3598.2398.3098.6598.5998.61


Percent Collected Motor Vehicles Only 0.0088.2187.0789.7686.2688.56


Percent Collected Motor Vehicles Only Group weighted average85.2985.6085.2385.7586.0486.22


Percent Collected Motor Vehicles Only Statewide weighted average 87.2886.3486.5586.7486.7186.80


Tax Uncollected0 297,477 304,227 241,571 251,239 292,202


Tax Rate Equivalent0.00000.00690.00720.00570.01680.0203


Dominant County: Brunswick






Debt Information








Population Group5,000 to 9,9995,000 to 9,9995,000 to 9,9995,000 to 9,9995,000 to 9,9995,000 to 9,999


Ratings:







 Fitch







 Moody's







 S & P
















General Obligation Debt (GO) where the taxing power of the entrire municipality is pledged to pay the obligation




 Enterprise GO Debt$0 0 0 0 0 0


General Government GO Debt0 0 0 0 0 0


Total General Obligation Debt0 0 0 0 0 0


Per Capita$0 0 0 0 0 0


Total Per Capita for the Population Group79 89 69 71 93 117


Total Per Capita Statewide450 449 455 456 478 495


Total per Assessed Valuation Adjusted for Current Year Sales0.0000%0.0000%0.0000%0.0000%0.0000%0.0000%


 Total per Assessed Valuation Adjusted for Current Year Sales- Group Average0.0680%0.0786%0.0531%0.0577%0.0861%0.1199%


 Total per Assessed Valuation Adjusted for Current Year Sales - Statewide0.4280%0.4134%0.3909%0.4132%0.4706%0.5275%


Total Authorized but not Issued General Obligation Debt
















Installment Sales Purchases and Lease Obligations







--Enterprise$584,086 666,237 744,573 819,272 2,765,501 2,833,423


--General Government14,537,717 15,757,633 16,708,661 9,569,892 4,173,339 231,118


Total*$15,121,802 16,423,869 17,453,234 10,389,164 6,938,840 3,064,541


* The total only includes the contracts that require Local Government Commission approval.




Revenue Bond Debt $98,424,923 82,371,895 83,249,869 33,987,843 1,105,817 1,263,790


















Annual Financial Information Report Detail
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LineSectionDescription201120102009200820072006

Population at July 1st of the Previous Year Adjusted for Boundry Changes6,8308,5948,3848,2618,0937,711









1.5AFISCAL Governmental Activities Assets
44,071,86642,840,71435,030,65215,778,10920,157,730
1.5BSUMMARYGovernmental Activities Liabilities
19,614,22320,621,72814,656,3628,211,8752,859,076
3.5A
Business Type Activities Assets
132,469,078118,970,39457,621,71019,207,38319,283,228
3.5B
Business Type Activities Liabilties
108,427,132101,100,34536,554,2656,604,0154,803,410
6.5A
Fiduciary Funds Assets


881,719
907,599
6.5B
Fiduciary Funds Liabilties


881,719
907,599
10.0PART 2Current Collections of Unit -Wide Levy
5,743,8515,698,6695,147,2684,857,8144,646,056
11.0TAXCurrent Collections of Special Tax Districts





12.0REVENUESPrior Years' Levy Collections
173,94598,979114,09676,19283,563
13.0
Penalties and Interest
24,34035,98044,89229,20833,465
14.0
Collections of Taxes Previously Written Off





15.0
Animal Tax
5,4808,58616,4328,1526,811
15.1
Solid Waste Disposal Tax
5,7153,844


16.0
1% Local Government Option Sales Tax
640,985720,805787,837831,472794,744
17.0
1/2% Local Government Option Sales Tax (40)
353,661379,196411,466404,499347,420
18.0
1/2% Local Government Option Sales Tax (42)
309,309374,462407,054399,911343,642
18.5
1/2% Local Government Option Sales Tax (44)
336,741327,568361,148369,676340,079
19.0
Privilege Licenses



639,282
19.2
Privilege -- All other privileges and pemits





20.0
Auto Licenses





21.0
Vehicle Tax for Public Transportation





22.0
Other Licenses
203,814205,762167,882184,194134,573
23.0
Local Occupancy Tax
887,658930,170964,154936,253789,577
24.0
Prepared Food Tax





25.0
911 Charges

181,68432,34110,199
26.0
Gross Short Term lease and Rental Tax





27.0FEDERALPayments In Lieu of Taxes - Federal





28.0INTERGOVEquitable Sharing of Fed. Forfeited Prop.
9,90153,264
11,360
29.0REVENUESGeneral Government





30.0
Public Safety
321,41292,7111,307183,63374,868
31.0
Transportation - Streets





32.0
Transportation - All Other





33.0
Environmental Protection

10,000


34.0
Econ. & Phys. Dev. - Housing/Comm. Dev.





35.0
Econ. & Phys. Dev. - All Other





36.0
Human Services: Health, Mental Hlt & Hosp





37.0
Human Services: All Other





38.0
Culture & Recreation


10,000
156,680
39.0STATEPayments In Lieu of Taxes - State





40.0INTERGOVUnauthorized Substance Tax
6734134,2104684,848
41.0REVENUESTransitional Hold Harmless





42.0
Wireless Enhanced 911 Service Charges


60,01052,972
42.1
Emergency Telephone Services Fund (ETSF) Revenues (Do not include interest)
177,571



42.2
ETSF Interest Income
789



43.0
Piped Natural Gas Charge Distribution





44.0
Utility Franchise Tax
424,802401,376380,642365,624350,889
45.0
Beer and Wine Tax
11,96137,10037,28034,84532,548
46.0
Powell Bill
309,980347,156384,075335,856334,550
50.0
Court Fees - Facilities and Arrest Fees





51.0
General Government
60,3751,400,000


52.0
Public Safety



9,383
53.0
Transportation - Streets





54.0
Transportation - All Other



13,440
55.0
Environmental Protection
2,287,000116,413

15,768
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
5,000149,300
273,493251,132
61.0LOCALPayments in Lieu of Taxes - Local





62.0INTERGOVGeneral Government





63.0REVENUESPublic Safety
1,037,205985,076640,621618,074590,728
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





71.0PERMITS Building Permits
83,92480,535135,565258,778321,780
72.0& FEESInspection Fees
50,26643,04440,98026,86023,730
72.1
Amusements licensing and permit taxes





73.0
Other Permits
50,08042,32236,06830,57545,947
74.0SALES &Parking Revenues





75.0SERVICESRents and Royalties
72,000



76.0
Airport





77.0
Fire Protection Charges





78.0
Solid Waste
847,213836,354742,863660,241645,971
79.0
Ambulance and Rescue Squad Charges
39,95343,72612,5062,13322,113
80.0
Cemeteries





81.0
Recreation Service Revenues
278,059265,162283,904238,833106,359
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
4,800
2,0002,000166,632
86.0UTILITYWater and Sewer Charges
4,370,4393,657,1793,322,1592,956,8852,633,993
87.0REVENUESElectric Charges





88.0
Gas Charges





88.1
Storm Water Fees
256,448250,823250,672242,400234,524
89.0MISC.Investment Earnings - Bond Proceeds
58,114332,719466,463161,764
90.0REVENUESInvestment Earnings - All Other Funds
38,155177,075407,236609,089461,239
91.0
Special Assessments
1,588,0697,24033,369711,1351,256,462
92.0
Private Contributions and Donations
20,97735,22727,800
31,008
93.0
Sales of Materials and Fixed Assets
12,100

1,42015,825
94.0
Sale of Real Property




121,025
95.0
Nongovt Contr For Streets & Traffic Signals





96.0
ABC Mixed Drink Surcharge





97.0
ABC Profit Distribution
127,920147,612141,530142,140105,414
98.0
Other Miscellaneous Revenues
474,29324,418169,28546,59461,139
99.0
Proceeds of Sale of Bonds and Notes
4,705,99155,517,44833,601,329

100.0
Proceeds of Capital Leases/Install Purchases

8,218,2155,721,0007,112,6521,502,299
101.0
Other





102.0NON-REVSchool - Current Levy Collections





103.0RECEIPTSPrior Years' Levy Collections





104.0
Tax Collections for Other Units





105.0
Utilities Customer's Deposits
3,71612,0501,0163,8014,071
106.0
Deposits Other than Utility





107.0
Prepaid Taxes
2,384-470-514424-652
108.0
Prepaid Privilege Licenses
1,953



109APART 4Governing Body - Salaries & Wages
33,28733,40835,81339,00046,250
109BGENERALGoverning Body - Other Direct
194,608198,494202,361319,464191,365
109CGOVTGoverning Body - Construction





109D
Governing Body - Purchase of P,P&E





110A
Administration - Salaries & Wages
691,843657,716660,041657,616663,070
110B
Administration - Other Direct
867,368732,051712,828626,890803,687
110C
Administration - Construction
2,978,695950,33051,920497,200
110D
Administration - Purchase of P,P&E
69,9251,681,906281,8781,965,9641,338,184
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
63,15095,47799,82890,596199,120
115B
Public Buildings - Other Direct
387,318363,084327,710276,453146,420
115C
Public Buildings - Construction





115D
Public Buildings - Purchase of P,P&E

12,43614,910
63,751
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
196,615255,246216,298179,99470,783
117B
Central Services - Other Direct
157,088165,525162,181147,516253,460
117C
Central Services - Construction





117D
Central Services - Purchase of P,P&E
22,66113,63161,25825,54533,065
118A
Gen. Govt. All Other - Salaries & Wages




51,864
118B
Gen. Govt. All Other - Other Direct


193
51,761
118C
Gen. Govt. All Other - Construction





118D
Gen. Govt. All Other - Purchase of P,P&E





119APUBLICPolice & Comm - Traffic Control - Salaries and Wages
1,449,3581,106,4051,071,5461,108,6401,026,421
119BSAFETYPolice & Comm - Traffic Control - Other Direct
701,371623,641596,437608,307567,975
119C
Police & Comm - Traffic Control - Construction
20,714539,4183,299,5422,381,411
119D
Police & Comm - Traffic Control - Purchase of P,P&E
123,756118,76283,118210,553170,371
120A
Emergency Communications - Salaries & Wages

209,049207,661136,491143,499
120B
Emergency Communications - Other Direct

102,255129,37294,19977,123
120C
Emergency Communications - Construction





120D
Emergency Communications - Purchase of P,P&E


34,9748,200
120B
Emergency Telephone Service Fund (ETSF) Expenditures - Operating
26,887



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
1,001,618731,368594,346439,629171,646
122B
Fire - Other Direct
756,181577,000651,154579,616331,467
122C
Fire - Construction
1,0723,172,9112,213,851

122D
Fire - Purchase of P,P&E
96,382574,8559,88713,657312,092
123A
Inspectors - Salaries & Wages
547,916518,084430,410432,096374,628
123B
Inspectors - Other Direct
275,717279,829229,863283,898195,786
123C
Inspectors - Construction





123D
Inspectors - Purchase of P,P&E





124A
Rescue Units - Salaries & Wages




32,533
124B
Rescue Units - Other Direct




35,340
124C
Rescue Units - Construction





124D
Rescue Units - Purchase of P,P&E





125A
Animal Control - Salaries & Wages
70,40978,74267,66855,96433,734
125B
Animal Control - Other Direct
46,28652,72150,27236,16720,113
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





127ATRANSPORTraffic Engineering - Salaries & Wages





127BTATIONTraffic Engineering - Other Direct





127C
Traffic Engineering - Construction





127D
Traffic Engineering - Purchase of P,P&E





128A
Streets and Highways - Salaries & Wages
320,058312,332309,532375,992392,756
128B
Streets and Highways - Other Direct
367,645337,157352,642431,944409,122
128C
Streets and Highways - Construction





128D
Streets and Highways - Purchase of P,P&E

115,369
70,077152,289
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
225,875228,931233,364105,690103,522
135B
Transpor. All Other - Other Direct
135,416136,501142,45959,33160,908
135C
Transpor. All Other - Construction





135D
Transpor. All Other - Purchase of P,P&E
14,38834,5295,83336,18869,496
136AENVIRONSolid Waste - Salaries & Wages
143,174135,115138,384133,742132,961
136BMENTALSolid Waste - Other Direct
656,562642,705546,443484,121529,749
136CPROTECTIONSolid Waste - Construction





136D
Solid Waste - Purchase of P,P&E

147,137
126,65293,539
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
58,19757,00452,26542,63222,234
139B
Environ. All Other - Other Direct
128,51698,125847,4091,584,832589,077
139C
Environ. All Other - Construction





139D
Environ. All Other - Purchase of P,P&E


16,429

140AECONOMICPlanning & Zoning - Salaries & Wages





140B& PHYSICALPlanning & Zoning - Other Direct





140CDEVELOPPlanning & Zoning - Construction





140D
Planning & Zoning - Purchase of P,P&E





141A
Economic Development - Salaries & Wages





141B
Economic Development - Other Direct





141C
Economic Development - Construction





141D
Economic Development - Purchase of P,P&E





142A
Community Development - Salaries & Wages





142B
Community Development - Other Direct





142C
Community Development - Construction





142D
Community Development - Purchase of P,P&E





143A
Housing & Urban Renewal - Salaries & Wages





143B
Housing & Urban Renewal - Other Direct





143C
Housing & Urban Renewal - Construction





143D
Housing & Urban Renewal - Purchase of P,P&E





144A
Special Empl Programs - Salaries & Wages





144B
Special Empl Programs - Other Direct





144C
Special Empl Programs - Construction





144D
Special Empl Programs - Purchase of P,P&E





145A
Econ. Dev. All Other - Salaries & Wages





145B
Econ. Dev. All Other - Other Direct





145C
Econ. Dev. All Other - Construction





145D
Econ. Dev. All Other - Purchase of P,P&E





146AHUMANHealth - Salaries & Wages





146BSERVICESHealth - 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





153ACULTURE Recreation & Parks - Salaries & Wages
490,751501,156443,256509,367368,583
153BRECREATIONRecreation & Parks - Other Direct
361,088378,208349,371530,693256,019
153C
Recreation & Parks - Construction
15,78821,186258,459397,900
153D
Recreation & Parks - Purchase of P,P&E
79,72173,91515,45056,94493,470
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
118,643119,984124,287

157B
Cult. & Recr. All Other - Other Direct
365,144316,506264,884131,842138,336
157C
Cult. & Recr. All Other - Construction




1,219,987
157D
Cult. & Recr. All Other - Purchase of P,P&E


31,79630,492
158AUTILITYWater & Sewer - Salaries & Wages
691,534655,286532,660527,561474,303
158B
Water & Sewer - Other Direct
2,105,1592,101,3552,160,4011,854,8861,807,926
158C
Water & Sewer - Construction
40,814,81137,716,28813,083,9183,451,001724,379
158D
Water & Sewer - Purchase of P,P&E
166,454163,637262,45388,964190,252
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





161BDEBTWater & Sewer - Interest & Fees
1,429,14473,737271,76693,328180,286
161DSERVICEWater & Sewer - Principal
1,406,310232,6722,208,434262,311257,681
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
719,169244,082280,83486,91750,015
166D
All Other - Principal
1,551,011976,9741,003,663601,150394,805
167BPENSIONDirect Benefit Program - Other Direct





168BFRINGEFringe Benefits Unallocated





169B
Separation Allowance - Law Enforcement
51,91158,77560,330

170B
Separation Allowance - Other Employees





171B
Supplemental Retirement - Law Enforcement
59,15854,56152,48751,90648,331
172B
Fringe Benefits Other





173AINTERGOVMulti-Cnty Libr Dis,Cnty,Or Other - Recipient





173BEXPENDMulti-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.5,896,667.005,850,360.005,146,745.004,667,166.004,521,006.00
180.0
Current year's levy -- Motor vehicles (only).76,861.0081,541.00127,578.00190,649.00221,282.00
181.0PART 6Uncollected Taxes - Current Year's Levy Except Mot Veh.220,616.00222,686.00113,993.0060,590.0070,920.00
182.0OTHERUncollected Taxes - CY Levy -Motor Vehicles
9,06110,54613,06226,19025,312
183.0DATAPercentage of Taxes Collected - All Property %0.0096.1696.0797.5998.2197.97
184.0DATAPercentage of Taxes Collected - Exclude Motor Vehicles%0.0096.2696.1997.7998.7098.43
185.0
Percentage of Taxes Collected - Motor Vehicles %0.0088.2187.0789.7686.2688.56
186.0
Ttl Amt Salaries/Wages for Construction
295,726246,276131,74274,87432,353
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





189APART 7Cash On Hand & in Bank - Debt Service





189BCASH &Cash On Hand & in Bank - Construction Bond
10,921,1093,983,97626,473,8862,497,224
189CINVESTCash On Hand & in Bank - All Other
10,422,5639,054,39711,237,52910,076,57212,842,247
190A PARTAppropriations Made During FY - B(1) - B(7)





190B 8Expenditures 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





194APART 9Amount - Total Revenues
30,539,03584,258,45262,385,90725,080,20418,953,225
194BFISCALAmount - Subtract Refunding Bond Proceeds





194CSUMMARYAmount - Subtract Interfund Transfers In
4,128,0662,020,8397,018,4631,869,9241,856,542
194D
Amount - Net Revenues
26,410,96982,237,61355,367,44423,210,28017,096,683


Calculated amount
26,410,96982,237,61355,367,44423,210,28017,096,683


Amounts in AGREEMENT??YesYesYesYesYesYes


Difference





195A
Amount - Total Expenditures
67,383,91861,798,41043,564,99225,211,45318,022,076
195B
Amount - Subtract Pymts. to Refunded Debt Agent





195C
Amount - Subtract Interfund Transfers Out
4,128,0662,020,8397,018,4631,869,9241,856,542
195D
Amount - Net Expenditures
63,255,85259,777,57136,546,52923,341,52916,165,534


Calculated amount
63,255,85259,777,57136,546,52923,341,52916,165,534


Amounts in AGREEMENT??YesYesYesYesYesYes


Difference














401APart 10Number of residential accounts billed Water





401BWater /Number of residential accounts billed Sewer



1,135
402ASewer Amount processed and/or purchased in units Water
329330386,567379,916
402BOperationsAmount processed and/or purchased in units Sewer
535454,42157,239
403A
Total amount billed in units - Water
322321372,037375,302
403B
Total amount billed in units - Sewer
504954,42356,232
404A
Of the total in 403A above how many units were Residential W
292291327,150345,278
404B
Of the total in 403B above how many units were Residential S





405A
Of the total in 403 above, how many units were Outside Muni W



7,142
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
2,573,5382,454,5003,907,2111,825,175
408A
Dollars related to 403A above
925,789860,568736,864614,196
408B
Dollars related to 403B above
2,398,1242,360,537668,2621,779,928
409A
Dollars related to 404A above
505,839472,444479,949317,216
409B
Dollars related to 404B above





410A
Dollars related to 405A above



87,099
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
7,7017,6647,630

421A
Number of residential accounts billed - Water
756747730

421B
Number of residential accounts billed - Sewer
226236237

422A
Number of non-residential & bulk accounts billed - Water
174176176

422B
Number of non-residential & bulk accounts billed - Sewer
22222
423A
Estimated percentage of accounts outside of municipal limits
































950.0
OfficialPatricia P. Galloway

951.0
TitleFinance Director

952.0
Date





953.0
ContactPatricia P. Galloway

954.0
TitleFinance Director

955.0
Phone910-201-8016




956.0
Fax910-278-3400




957.0
E-Mail:

















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Key Ratios and Operations Statistics of Water and Sewer Systems for


Town of Oak Island













201120102009200820072006








Population
6,8308,5948,3848,2618,0937,711
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 2,500 to 9,999 No Electric 2,500 to 9,999 No Electric 2,500 to 9,999
Total Operating Revenues

00000
Total Operating Revenues Per Capita

00000
Group Weighted Average Revenues Per Capita17261244235242255
State Weighted Average Revenues Per Capita7272252255255249








% to Total Operating Revenues






Operating Expenses

0.00%0.00%0.00%0.00%0.00%
Group Weighted Average
82.20%92.72%91.41%92.91%90.03%86.35%
State Weighted Average
91.62%83.21%87.12%84.06%80.00%79.32%








Operating Margin

0.00%0.00%0.00%0.00%0.00%
Group Weighted Average
17.80%7.28%8.59%7.09%9.97%13.65%
State Weighted Average
8.38%16.79%12.88%15.94%20.00%20.68%








Operating Transfers In

0.00%0.00%0.00%0.00%0.00%
Group Weighted Average
21.89%1.69%1.70%1.04%1.49%1.56%
State Weighted Average
27.09%1.59%1.20%1.28%1.10%1.57%








Operating Transfers Out

0.00%0.00%0.00%0.00%0.00%
Group Weighted Average
67.66%3.09%9.31%3.10%2.59%1.83%
State Weighted Average
52.67%1.55%2.65%3.15%1.86%2.84%








Net Income before capital contributions

0.00%0.00%0.00%0.00%0.00%
Group Weighted Average
85.84%19.63%12.72%18.01%5.29%17.80%
State Weighted Average
643.66%15.82%-9.92%18.20%25.61%24.40%








Key Ratios and Cash Flow














Quick Ratio

0.861.611.831.402.54
Group Weighted Average
3.752.973.213.123.253.67
State Weighted Average
4.023.212.822.962.912.83








Days Sales in Receivables
8.0N/AN/AN/AN/AN/A
Group Weighted Average
3.459.463.654.755.355.7
State Weighted Average
1.257.958.556.761.659.8








Days Cash on Hand

0.00.00.00.00.0
Group Weighted Average
-50.1424.6493.9540.8562.2488.8
State Weighted Average
-16.4614.6560.8588.9647.0571.9








Cash flow from Operations

839,375823,09399,314722,55868,159








Debt to Equity

0.000.000.000.000.00
Group Weighted Average
0.380.310.300.250.260.25
State Weighted Average
0.220.590.540.540.550.55








Debt per Capita

00000
Group Weighted Average
20384357309307288
State Weighted Average
8897783781761733








Capital Expenditures:
201120102009200820072006


$00031,79630,4921,219,987










2005200420032002



$2,287,6572,088,3541,394,5042,519,146









Capital Contributions: Excluded from income above
$000000
















Operating Statistics














Estimated population of the areas served Water00008,114NA
Estimated population of the areas served Sewer00001,135NA








Number of Gallons of Water Processed (000) omitted0329330386,567379,916NA
Number of Gallons of Sewage Processed (000) omitted0535454,42157,239NA








Number of Gallons of Water Billed (000) omitted0322321372,037375,302NA
Number of Gallons of Sewage Billed (000) omitted0504954,42356,232NA








Ratio of Water Billed to Water Processed
0.979010.970600.962410.98786NA
Ratio of Sewage Billed to Sewage Processed
0.948090.906171.000040.98241NA








Total Revenue from Water Sales00000NA
Total Revenue from Sewage Sales0925,789860,568736,864614,196NA








Water Revenue per 1000 gallons of Sales




0.00000NA
Sewage Revenue per 1000 gallons of Sales




541.14185NA








Group Average Sales per thousand Gallons Water$0.00602$146.64376$40.01634$1,510.62899$1,842.80047NA
Group Average Sales per thousand Gallons Sewage$0.00883$94.75591$48.91229$1,673.88245$2,249.50353NA








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








Residential Water Sales per thousand Gallons$0.000008,199.555518,118.785902.042685.15506NA
Residential Sewage Sales per thousand Gallons$0.0000018,818.4151818,227.0061717.1031610.58445NA








Water Sales per thousand Gallons outside Municipal Limits$0.00000



NA
Sewage Sales per thousand Gallons outside Municipal Limits$0.00000


12.19532NA








Total Water Sales per thousand gallons for Redistribution$0.000000.000000.000000.000000.00000NA
Total Sewage Sales per thousand gallons for Redistribution$0.000000.000000.000000.000000.00000NA



Financial Graphs and Comparisons


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Analysis of Available Fund Balance: General Fund

20062007200820092010
Unit's FBA %51.74%40.35%32.44%43.93%31.33%
Group average FBA %62.32%64.31%65.07%70.26%67.39%
State average Electric/Non Electric Group FBA %37.38%37.39%36.66%37.89%38.71%
State average FBA %36.96%36.54%62.32%37.03%37.47%






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

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Analysis of Property Tax

20062007200820092010
Municipality97.97%98.21%97.59%96.07%96.16%
Pop. Group96.72%96.70%95.81%95.41%95.40%
Statewide97.55%97.58%97.56%97.34%97.36%






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






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Analysis of General Obligation Debt

20072008200920102011
Municipality00000
Pop. Group9371698979
Statewide478456455449450






Municipal Population Group: 5,000 to 9,999






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Analysis of Revenue

20062007200820092010
Property Tax$618613642696691
Utility363366402436509
Sales Tax237247239213191
Sales & Services106115130142150
Intergovernmental235235184429541
Debt Proceeds864,0886,625603
Other Miscellaneous6501,2861,0171,267388
Total$2,2172,8686,7029,8083,073

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Analysis of Revenue for Fiscal 2011











2010
2010
CategoryRevenue
Per Capita
Property Tax$5,942,136
$691
Water/Sewer4,800
1
Electric4,370,439
509
Other Utilities0
0
Sales Tax1,640,696
191
Sales & Services1,287,305
150
Intergovernment4,646,669
541
Debt Proceeds5,180,284
603
Miscellaneous3,332,925
388
Total$26,405,254
$3,073





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





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Analysis of Expenditures by Function for Fiscal 2011











2010
2010
CategoryExpenditures
Per Capita
General Government$5,662,558
$659
Water/Sewer483,787
56
Electric43,777,958
5,094
Other Utilities-483,787
-56
Debt Service5,105,634
594
Transportation1,063,382
124
Public Safety5,228,736
608
Other2,417,584
281
Total$63,255,852
$7,360





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





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Analysis of Expenditures by Object for Fiscal 2011






2010
2010
CategoryExpenditures
Per Capita
Salaries & Wages$6,129,315
$713
Water/Sewer Capital0
0
Electric Capital40,981,265
4,769
Other Capital3,423,102
398
Other Operating12,722,170
1,480
Total$63,255,852
$7,360





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





Last Updated 2/5/2012 2:47:19 PM