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Town of Nags Head

Town of Nags Head. Six Month Financial Report February 2, 2011. Six Month Financial Report. Six Month Financial Report. Six Month Financial Report. Six Month Financial Report. Six Month Financial Report. Six Month Financial Report. Ad valorem collection rates:

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Town of Nags Head

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  1. Town of Nags Head Six Month Financial ReportFebruary 2, 2011

  2. Six Month Financial Report

  3. Six Month Financial Report

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  7. Six Month Financial Report • Ad valorem collection rates: • 86.37 % at 12/31/10 versus 85.43 % at 12/31/09 • 93.79% at 1/21/11 versus 95.19% at 1/25/10 • 2009 collection: • Uncollected advalorem at 6/30/10 $12,064 • 2009 advalorem collected ytd FY11 $9,201

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  18. Six Month Financial Report • The Town is in overall stable financial shape at the mid-year point of this fiscal year. Areas of concern going forward for both the remainder of this fiscal year and in budgeting for next fiscal year includes: • State of the economy and affects on major revenue sources • Ad valorem collections • Land transfer tax revenues • Occupancy tax revenues • Combined sales tax revenues • Building related revenues • Potential state and federal budget cuts • Return on invested funds • Increased demand for services and capital projects

  19. Six Month Financial Report Questions/Comments

  20. Town of Nags Head Six Month Financial ReportFebruary 2, 2011

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