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Shoreli
The
March 2008 • Vol. 4, No. 9 A Shoreline Community, Pine Knoll Shores/N.C.
Kramer Addresses Town
Finances
A Letter from Town Manager Brian Kramer
Town Hall 247-4353
To the Residents of Pine Knoll Shores,
As many of you are aware. Pine Knoll
Shores is in a critical financial situation.
This was discovered when the town's Fiscal
Year2006-2007Financial Audit Report was
presented in late November 2007 by our
auditor. The purpose of this letter is to let
you know what happened and to tell you
how it is being addressed.
What happened- Over the past six years,
PKS has used approximately $1.3 million of
its reserves to fund the normal operations
of the town. This was done unintentionally
and without the knowledge of any elected
officials or town staff.
These reserves are located in the town's
general fund, which covers all of our
departments and services. These funds
are available for discretionary spending
by our elected officials, and are normally
used to fund emergent needs resulting
from unplanned events. They are our only
true "rainy day fund." No other money,
including the funds we have set aside to
pay off our beach bond or the money we
have accumulated in our water company,
is so immediately available. These reserves
are also one of the most critical benchmarks
against which the town's financial health
is measured.
Why did this happen
BACKGROUND
• Voters approved an $8 million beach
bond for the beach re-nourishment project
in 2002. Since then, a beach tax has been
collected. The beach tax monies have been
deposited into a Beach Escrow Account
(BEA). The tovm pays the bond debt from
the monies in the BEA.
• PKS receives a share of the Sales & Use
(S/U) tax from the state. Since 2003 we have
kept roughly half of the S/U tax in the town's
general fund, and transferred the other half
into the BEA.
(Kramer) Continued on Page 3
A Home for Oliver
Submitted by Janet Luongo
Janet and Ed Luongo would like
Oliver's many human and dog friends
in Pine Knoll Shores to know that he has
found his "forever farm!"
Barbara Milhaven's article
in the February issue of
The Shoreline was read
by a couple who own a 45
acre horse farm in Ayden
which met the description
of Oliver's "ideal home"
almost word for word.
After three days of thinking
about it, the couple called
the Luongos with an offer
to make a home for Oliver
on their farm.
The Luongos brought Oliver
to meet his new family on Valentine's
Day and left him there in Ayden with a
mixture of joy and grief. Oliver was a
PAWS dog, fostered by the Luongos and
their black lab. Holly, for six months. He
had burrowed deep into the
hearts of several dogs and
people in PKS. Janet and
Ed are especially grateful to
Mary Cameron and Fred and
Janet Hannula for the care
and love they gave Oliver
while the Luongos were up
north and throughout his
six months in Pine Knoll
Shores. Any of them would
have been more than happy
to have Oliver as a lifelong
Oliver companion, but none of
them had the stamina for the
four mile full-speed-ahead walks that he
loved and needed. He was bom to run in
(Home for Oliver) Continued on Page 3
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Pretty Penny - Participating in the Habitat check presentation ceremony are
(from left) A1 Smith, Dick Eisemann, Kris Durham, Tom Steepy, Alan Leary,
Warren Culbreth and Brian Carey
Golf Tourney Nets Habitat $26,500
Members of the committee that put
together an annual golf outing to raise
funds for the Crystal Coast Habitat
for Humanity (CCHFH) organization
presented a check in the amount of
$26,500 to Habitat officials last month at
a ceremony at the Habitat resale store on
Route 70 in Newport.
The money represented the proceeds
from the toumament held in November
at the Country Club of the Crystal Coast
in PKS, which has hosted the fund-raiser
since its inception 10 years ago. Over
the years proceeds from the outing have
enabled the local Habitat unit to build six
homes for deserving families.
Participating in the check presentation
ceremony were Tom Steepy, a Carteret
County commissioner who chairs the
tournament committee and has been a
moving force in the effort since the outset;
Warren Culbreth of First Flight Credit
Union, corporate sponsor of the tourney;
golf committee member A1 Smith, and
Alan Leary, who chairs the sponsorship
subcommittee of the toumament group.
Habitat was represented by Brian Carey,
president of the Crystal Coast unit; Dick
Eisemann, a member of the CCHFH
board, and CCHFH Executive Director
Kris Durham.
LABRIE LAWRENCE J ETUX
Standard
144 BEECHWOOD DR
Pre-Sort
PINE KNOLL SHORES, NC 28512
Permit #35
Beach, NC 28512
Deadline for April issue is Monday, March 17 Deadline for May issue is Monday, April 21 Articles always welcome!