This page provides a single place for information and links relating to the Town of Duck’s budget and financial information. The Town of Duck’s fiscal year runs July 1st to June 30th.
Questions related to this information should be directed to Town Manager Drew Havens at 252-255-1234 or dhavens@ducknc.gov.
Notice is hereby given that the Town Manager’s proposed budget for fiscal year July 1, 2025 – June 30, 2026, has been presented to the Town of Duck Council. The Town Council of the Town of Duck will conduct a PUBLIC HEARING on the proposed budget in the Town of Duck Meeting Hall located at 1200 Duck Road on Wednesday, May 7, 2025, at 1:00 p.m.
All interested persons are invited to make written or oral comments. A summary of the proposed budget follows:
Section 1: General Fund
General Fund Revenues
General Fund Revenues
Ad Valorem Taxes (1) $5,566,115
MSD Taxes $1,024,119
Local Government Sales Tax $1,800,000
Real Estate Transfer Tax $375,000
Occupancy Tax $1,900,000
Grants $52,686
ABC and Beer & Wine $93,000
Utility Taxes $420,000
Permits and Fees $177,000
Interest and Asset Sales $325,000
Transfers $788,025
Debt Proceeds $0
Fund Balance Appropriated $385,300
Other Revenue $217,600
Total Revenues $13,123,845
In accordance with North Carolina General Statutes, notice is given that, following the revaluation of real property in the Town of Duck, the statutorily calculated revenue neutral tax rate is $0.1555 per $100 value. This proposed budget is balanced using an ad valorem tax rate of $0.18 per $100 value.
General Fund Expenditures
Governing Body $177,124
Administration $460,329
Finance & Human Resources $260,127
Legal $66,720
Information Technology $186,706
Police $2,475,817
Fire $2,084,727
Ocean Rescue $783,723
Communications & Special Events $539,206
Community Development $399,796
Inspections $270,627
Public Facilities $862,916
Streets & Highways $268,433
Sanitation $1,501,225
Environmental Protection $1,378,825
Transfers $1,305,655
Contingency $101,894
Total Expenditures $13,123,845
Section 2: Beach Nourishment Capital Reserve Fund
Beach Nourishment Capital Reserve Fund Revenues
Transfer from General Fund (MSD Tax Revenue) $1,024,119
Transfer from General Fund (Restricted Sales Tax Revenue) $281,536
Fund Balance Appropriated $0
Total Revenues $1,305,655
Beach Nourishment Capital Reserve Fund Expenditures
Transfer to General Fund $788,025
Reserved for Future Expenditures $517,630
Total Expenditures $1,305,655
Draft Fiscal Year 2025 – 2026 Budget
Click here for the draft Fiscal Year 2025- 2026 budget document.
Adopted Fiscal Year 2024 – 2025 Budget
At the June 5, 2024 Town Council meeting, Council adopted the FY24-25 Budget.
Click here for the approved budget document for FY24-25.
Click here for the one page budget summary.
Click here for the Budget Presentation from June 5, 2024.
Adopted Fiscal Year 2023- 2024 Budget
This is the adopted budget for FY 2023- 2024.
For a handout of summarized budget information, please click here.
Financial Statements
Budget Amendments
FY 2022 FINANCIAL INFORMATION
Budgets and associated amendments are provided until the audit for the fiscal year is completed. Audits for previous years are below. FY 2022 Budget Document (full document with bookmarks and links)Audits
Audits are provided when completed. Until an audit is completed, the documents for that year will be posted in the “Previous Year” section of this page.