Published by the Town of Pine Knoll Shores in the Interest of its Citizens Town Hall 247-4353 December 1998 Fire and Rescue 911 Merry Christmas! Pine Knoll Shores Open House - Tuesday, Decenfiber 8, at 3:00 p.m. Following the Town Board Meeting Christmas Parade Saturday, December 19, Beginning at 2:00 p.m. Audit FY1997-98 The Town Auditor, Lee Carroll, CPA, presented the annual financial report for FY 1997-98. He reviewed each fund and explained that the property tax is 44% of the total revenue for the year. The investments for the Town are yielding approximately three cents of the ad valorem tax rate and at the end of the 1997-98 fiscal year the revenues exceeded expenditures by $31,736. He praised the Board of Commissioners for their diligence in monitoring the Town's money and not only taking care of present needs, but looking to the future. Town Honors Volunteer Jack Thompson was honored at the November Board of Commissioners Meeting. Jack was one of the original members of the Pine Knoll Shores Fire Department. Jack also served two terms as a Commissioner. He has served the longest period of time of any volunteer with the Town. Grants The Town is applying for another grant that has become available for the McNeil Inlet Bulkhead. The Town will also apply for a grant to cover dredging cost of McNeil Inlet and Brock Basin.

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