North Carolina
Department of State Treasurer
Financial Information
Town of Davidson

Financial Profile | General Fund | Enterprise Funds | Cash, Investments and Financing
Annual Financial Information Report Detail
Financial Graphs and Comparisons
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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			2009	2008	2007	2006	2005	2004
	Revenues by Source
		Property Tax	$4,711,762	4,027,379	3,779,058	3,583,962	3,367,478	3,052,092
		Utility	57,075	39,327	34,698	18,582	-	-
		Sales Tax	937,162	1,037,032	990,549	970,149	1,023,955	805,037
		Sales & Services	387,066	359,123	308,521	289,826	256,134	227,182
		Intergovernmental	1,387,185	1,156,628	2,052,550	1,474,569	1,363,377	1,222,797
		Debt Proceeds	139,795	1,355,210	-	1,614,000	858,728	889,464
		Other Miscellaneous	1,010,083	1,513,552	2,308,815	969,515	426,929	457,678
		Total	$8,630,128	9,488,251	9,474,191	8,920,603	7,296,601	6,654,250

	Expenditures by Function
		Utility	$0	-	-	-	-	-
		Debt Service	767,802	943,862	776,984	805,330	693,538	128,851
		Transportation	1,150,074	952,541	2,968,845	1,895,642	1,204,856	787,924
		General Government	1,292,956	1,203,519	1,199,836	976,318	983,386	1,334,140
		Public Safety	1,895,390	2,581,035	1,659,357	1,779,861	1,951,301	1,880,963
		Other	2,708,035	3,555,565	2,944,450	2,722,468	2,443,580	2,492,954
		Total	$7,814,257	9,236,522	9,549,472	8,179,619	7,276,661	6,624,832

	Expenditures by Object
		Salaries & Wages	$3,391,895	3,023,287	2,782,108	2,725,326	2,565,564	2,479,974
		Capital Outlay	486,474	1,819,611	1,578,222	842,740	317,587	1,400,005
		Other Operating + Debt Service	3,935,888	4,393,624	5,189,142	4,611,553	4,393,510	2,744,853
		Total	$7,814,257	9,236,522	9,549,472	8,179,619	7,276,661	6,624,832


	Per Capita Revenues by Source
		Property Tax	$460	413	415	439	420	388
		Utility	6	4	4	2	-	-
		Sales Tax	91	106	108	118	127	102
		Sales & Services	38	37	34	35	32	29
		Intergovernmental	135	119	226	181	170	156
		Debt Proceeds	14	139	-	198	107	113
		Other Miscellaneous	99	155	254	119	53	58
		Total	$843	973	1,041	1,092	909	846

	Per Capita Expenditures by Function
		Utility	$0	-	-	-	-	-
		Debt Service	75	97	85	99	86	16
		Transportation	112	98	326	232	150	100
		General Government	127	122	133	119	123	171
		Public Safety	185	265	182	218	243	239
		Other	264	365	324	333	305	317
		Total	$763	947	1,050	1,001	907	843

	Per Capita Expenditures by Object
		Salaries & Wages	$331	310	306	334	320	315
		Capital Outlay	47	187	173	103	40	178
		Other Operating	385	450	571	564	547	350
		Total	$763	947	1,050	1,001	907	843

	Population Group		No Electric 10,000 to 49,999	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	41	117	120	119	116	114
		Average Population In Group	19,477	4,782	4,848	4,820	4,759	4,871
		Town of Davidson Population	10,243	9,751	9,099	8,168	8,024	7,862
	Group Average Per Capita Revenues by Source
		Property Tax	408	342	312	306	296	284
		Utility	280	319	316	326	307	292
		Sales Tax	135	162	158	154	146	140
		Sales & Services	65	82	79	74	70	68
		Intergovernmental	150	184	176	160	165	184
		Debt Proceeds	180	176	109	95	65	77
		Other Miscellaneous	98	127	161	126	110	97
		Total	1,316	1,392	1,311	1,241	1,159	1,142

	Group Average Per Capita Expenditures by Function
		Utility	292	381	334	305	290	305
		Debt Service	140	105	97	98	101	104
		Transportation	145	113	112	112	105	100
		General Government	145	172	160	156	154	159
		Public Safety	325	325	312	280	268	261
		Other	234	235	237	209	218	199
		Total	1,281	1,331	1,252	1,160	1,136	1,128

	Group Average Per Capita Expenditures by Object
		Salaries & Wages	448	425	408	390	385	359
		Capital Outlay	261	287	254	205	179	208
		Other Operating	572	619	590	565	572	561
		Total	1,281	1,331	1,252	1,160	1,136	1,128


General Fund Go to top of page			2009	2008	2007	2006	2005	2004
	General Fund revenues		$8,356,609	7,832,541	7,247,935	6,768,973	6,181,608	5,620,746
	General Fund expenditures		7,814,257	8,225,368	6,711,324	6,368,917	6,533,242	6,431,631
	Operating transfers in		-	-	-	-	-	-
	Operating transfers out		73,307	324,140	408,601	108,684	-	-
	Capital leases and installment purchase proceeds		139,796	730,210	-	-	815,438	-
	Other items		138,262	300,500	-	-	43,290	899,869
	Excess of revenues and other sources over (under) expenditures and other uses		747,103	313,743	128,010	291,372	507,094	88,984

	Fund balance available (FBA):
		In dollars	$3,828,904	3,170,015	2,327,095	2,012,404	2,286,190	2,082,516
		FBA as a % of GF Net Expenditures:
		Unit's FBA %	49.42	40.54	32.68	31.07	39.98	32.38
		Group weighted average FBA %	41.06	65.07	64.31	62.32	62.22	61.38
		State weighted average Non-Electric Group	37.55	36.50	37.18	36.51	36.92	36.42
		State weighted average FBA %	36.82	36.23	36.40	36.31	36.77	36.35


Enterprise Funds: Go to top of page
	None

	Combined financial results:
		Working capital
		Quick ratio
		Net income
		Cashflow from operations
		Depreciation & Amortization Expense



Cash, Investments and Financing Go to top of page			2009	2008	2007	2006	2005	2004

		Population at July 1st of the Previous Year	10,243	9,751	9,099	8,168	8,024	7,862
		Population Group	No Electric 10,000 to 49,999	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	$4,111,124	3,453,887	2,670,273	3,513,173	2,479,761	2,610,076
		Investment Earnings	71,996	143,214	158,071	135,537	74,542	55,492
		Tax Rate Equivalent	0.0057	0.0121	0.0147	0.0129	0.0073	0.0059
		Tax Rate Equivalent Group weighted average	0.0262	0.0296	0.0439	0.0322	0.0212	0.0115
		Tax Rate Equivalent Statewide weighted average	0.0133	0.0524	0.0920	0.0573	0.0415	0.0340
		Latest year of Revaluation		2003	2003	2003	2003	2003
		January 1, Prior Year Assessed Valuation	$1,272,585,166	1,183,139,162	1,073,896,822	1,051,635,746	1,015,298,050	944,333,881
		Tax Rate	0.3450	0.3450	0.1900	0.3450	0.3450	0.3550
		Tax Rate Group weighted average	0.4335	0.2682	0.3126	0.3191	0.3626	0.3759
		Tax Rate State Wide	0.4267	0.4243	0.4452	0.4321	0.4448	0.4566
		Assessment -to-Sales Ratio	82.90	87.33	93.76	95.06	95.80	98.08
		Assessment -to-Sales Ratio Group weighted average	92.44	90.92	83.47	91.52	85.31	89.22
		Assessment -to-Sales Ratio Statewide	90.81	88.52	88.41	92.28	92.35	92.18
		Assessed Valuation Adjusted for Assesment to Sales Ratio	$1,535,084,639	1,354,791,208	1,145,367,771	1,106,286,289	1,059,810,073	962,820,025
		EffectiveTax Rate	0.2860	0.3013	0.1781	0.3280	0.3305	0.3482
		Group weighted average Effective Tax Rate	0.4007	0.2438	0.2610	0.2921	0.3093	0.3354
		Statewide weighted average Effective Tax Rate	0.3875	0.3756	0.3936	0.3987	0.4108	0.4209
		Percent Collected	98.35	98.55	98.19	97.88	98.26	98.45
		Percent Collected Group weighted average	97.32	96.72	96.76	96.72	96.85	96.72
		Percent Collected Statewide	97.79	97.64	97.59	97.55	97.42	97.31
		Percent Collected Excluding Motor Vehicles	98.85	98.90	98.61	98.28	98.68	98.91
		Percent Collected Excluding Motor Vehicles Group weighted average	97.92	98.08	98.00	98.08	97.96	98.15
		Percent Collected Excluding Motor Vehicles Statewide weighted average	98.32	98.65	98.59	98.61	98.36	98.39
		Percent Collected Motor Vehicles Only	93.13	94.26	92.95	93.23	92.96	92.86
		Percent Collected Motor Vehicles Only Group weighted average	87.27	85.75	86.04	86.22	85.87	85.65
		Percent Collected Motor Vehicles Only Statewide weighted average	86.69	86.74	86.71	86.80	87.31	87.46
		Tax Uncollected	28,899	59,580	69,159	77,076	60,900	47,953
		Tax Rate Equivalent	0.0023	0.0050	0.0064	0.0073	0.0060	0.0051
		Dominant County: Mecklenburg
	Debt Information
		Population Group	10,000 to 24,999	5,000 to 9,999	5,000 to 9,999	5,000 to 9,999	5,000 to 9,999	5,000 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 Debt	0	0	0	0	0	0
		Total General Obligation Debt	0	0	0	0	0	0
		Per Capita	$0	0	0	0	0	0
		Total Per Capita for the Population Group	130	71	93	117	131	171
		Total Per Capita Statewide	455	456	478	495	505	548
		Total per Assessed Valuation Adjusted for Current Year Sales	0.0000%	0.0000%	0.0000%	0.0000%	0.0000%	0.0000%
		Total per Assessed Valuation Adjusted for Current Year Sales- Group Average	0.1320%	0.0577%	0.0861%	0.1199%	0.1450%	0.2078%
		Total per Assessed Valuation Adjusted for Current Year Sales - Statewide	0.3909%	0.4131%	0.4706%	0.5275%	0.5588%	0.6442%
		Total Authorized but not Issued General Obligation Debt

		Installment Sales Purchases and Lease Obligations
		--Enterprise	$0	0	0	0	0	0
		--General Government	4,248,731	4,638,580	4,364,435	4,766,784	3,550,536	3,220,509
		Total*	$4,248,731	4,638,580	4,364,435	4,766,784	3,550,536	3,220,509
		* The total only includes the contracts that require Local Government Commission approval.
		Revenue Bond Debt	$0	0	0	0	0	0


Annual Financial Information Report Detail Go to top of page
Line	Section	Description	2009	2008	2007	2006	2005	2004
	Population at July 1st of the Previous Year Adjusted for Boundry Changes		10,243	9,751	9,099	8,168	8,024	7,862

1A	Non GASB34	General Fund Assets
1B	FISCAL	General Fund Liabilities
2A	SUMMARY	Debt-service Assets
2B		Debt service Liabilities
3A		Enterprise Assets
3B		Enterprise Liabilities
4A		Internal Service Assets
4B		Internal service Liabilities
5A		Special Revenue Assets
1.5A	GASB34	Governmental Activities Assets	16,744,695	16,206,909	14,853,803	11,958,860	11,090,947	10,581,265
1.5B	FISCAL	Governmental Activities Liabilities	5,683,542	6,009,071	5,404,184	6,120,423	4,867,943	4,610,234
3.5A	SUMMARY	Business Type Activities Assets
3.5B		Business Type Activities Liabilties
6.5A		Fiduciary Funds Assets
6.5B		Fiduciary Funds Liabilties
5B		Special Revenue Liabilities
6A		Trust & Agency Assets
6B		Trust & Agency Liabilities
7A		Capital Project Assets
7B		Capital Project Liabilities
8A		General Fixed Assets
9B		General Long term debt - Liabilities
10	PART 2	Current collections of unit-wide levy	4,665,527	3,965,640	3,711,796	3,576,017	3,358,052	3,021,679
11	TAX	Current collection of special tax districts	67,340	101,155	45,075
12	REVENUES	Prior years' levy collections	31,364	47,377	52,128			19,283
13		Penalties and interest	14,871	14,362	15,134	7,945	9,426	11,130
14		Collection of taxes previously written off
15		Animal tax	1,325	1,010	800	770	1,310	930
16		1% Local government sales and use tax	487,096	537,077	516,287	500,567	615,565	434,492
17		1/2% Local government sales and use taxes (Article 40)	154,615	155,080	147,157	136,715	120,819	111,335
18		1/2% Local government sales and use taxes (Article 42)	152,235	152,751	145,048	135,018	118,988	109,112
18.5		1/2% Local government sales and use taxes (Article 44)	143,216	192,124	182,057	197,849	168,583	150,098
19		Licenses Privilege
19.1		Privilege - Occupational & business licensing & permit taxes
19.2		Privilege -- All other privileges and pemits
20		General Municipal Vehicle Tax
21		Vehicle Tax for Public Transportation
22		Other licenses - Include CATV	142,548
23		Local occupancy tax	97,395	24,827	21,990	23,770	22,944	17,376
24		Prepared food tax	84,366	79,373	90,019	81,410	62,948	42,374
25		911 charges		23,962	50,839	43,284	47,734	54,049
26		Gross Receipts Tax on Short Term Vehicles Leases
27	FEDERAL	FEDERAL Payment in lieu of taxes
28	INTERGOV	Equitable sharing of Federally forfeited property
29	REVENUES	General government
30		Public safety	26,887	43,000	20,000	20,969	197,348	194,510
31		Transportation - Streets
32		Transportation - All other
33		Utility franchise tax
34		Housing/community development	106,497				64,392	133,635
35		All Other				241,848	191,873
36		Human services: Health, mental health, hospitals
37		All other
38		Culture and recreation
39	STATE	State Payment in Lieu of Taxes
40	INTERGOV	Controlled substance tax
41	REVENUES	Intangibles tax reimbursement + Transistional Hold Harmless Revenues					39,714	30,506
42		Wireless Enhanced 911 Service Charges
43		Piped Natural Gas Charge Distribution
44		Utility franchise tax	473,646	577,733	482,650	460,685	462,501	448,879
45		Beer and Wine tax	43,787	41,909	37,791	35,442	34,800	32,163
46		Powell Bill	281,148	298,486	246,431	241,140	236,249	203,891
47		Food stamp purchases tax reimbursement
48		Inventories tax reimbursements
49		Senior Citizens Exemption - 50%
50		Court fees - Facilities and arrest fees
51		General Government
52		Public safety						17,713
53		Transportation - Streets	76,846		350,000
54		Transportation - All other
55		Environmental protection
56		Econ. & Phys. Dev. - Housing/Comm. Dev.
57		Econ. & Phys. Dev. - All Other
58		Human Services: Health, mental health, hospitals
59		All Other
60		Culture and recreation			614,945
61	LOCAL	LOCAL Payment in lieu of taxes	146,500	108,000	108,000	107,000	69,000	94,000
62	INTERGOV	General government
63	REVENUES	Public safety	80,208	87,500	87,500	87,500	67,500	67,500
64		Transportatin - Streets	151,666
65		Transportation - All other
66		Environmental protection
67		Economic and physical development			105,233	279,985
68		Human Services: Health, Mental Health & Hosp
69		Human Services: All Other
70		Culture and recreation
71	PERMITS	Building permits
72	& FEES	Inspection fees
72.1		Amusements licensing and permit taxes
73		Other permits	193,618	305,479	457,413	97,077	34,345	28,772
74	SALES &	Parking revenues	18,361	7,405	13,920	4,277	9,193	9,335
75	SERVICES	Rents and royalties	79,514	87,361	81,242	90,587	89,771	98,071
76		Airport
77		Fire protection charges
78		Solid waste
79		Ambulance and rescue squad charges
80		Cemeteries	9,400	17,600	30,500	8,300	14,900	8,200
81		Recreation service revenues	279,791	246,757	182,859	185,684
82		Library service revenues
83		Other cultural and recreational service revenues					136,192	107,303
84		Mass transit - city operated
85		Other sales and services				978	6,078	4,273
86	UTILITY	Water and sewer charges
87	REVENUES	Electric charges
88		Gas charges
88.1		Storm Water Fees	57,075	39,327	34,698	18,582
89	MISC.	On bond proceeds
90	REVENUES	On general and all other funds	71,996	143,214	158,071	135,537	74,542	55,492
91		Special assessments
92		Private contribution and donations		53,774	1,419,950	519,512	42,308	160,349
93		Sales of materials and fixed assets
94		Sales of real property	138,261	300,500
95		Nongovernment contributions for streets and traffic signals
96		Mixed drink surcharge
97		ABC profit distribution	70,750	44,625	42,500	42,500	40,000	37,525
98		Other miscellaneous revenues	142,484	435,633	22,158	25,655	100,798	50,406
99		Proceeds of the sale of bonds and notes					43,290	39,490
100		Proceeds of capital leases and installment purchases	139,795	1,355,210		1,614,000	815,438	849,974
101		Other						10,405
102	NON-REV	Supplemental schools taxes - current levy collections
103	RECEIPTS	Prior years' levy collections
104		Tax collections for units other than reporting unit
105		Utilities customers' deposits
106		Deposits other than utility
107		Prepaid taxes
108		Prepaid privilege licenses
109A	PART 4	Governing body - Salaries	30,891	30,194	26,487
109B	GENERAL	Governing body - All other Direct	48,363	51,492	50,690	78,597	69,353	61,842
109C	GOVT	Governing body - Construction
109D		Governing body - Land, Equipment and Existing Structures
110A		Administration - Salaries	567,613	506,471	504,365	496,198	440,328	397,666
110B		Administration - All other Direct	290,737	430,780	371,459	196,758	191,477	136,901
110C		Administration - Construction
110D		Administration - Land, Equipment and Existing Structures	142,896	10,107	9,294
111A		Elections (cost of) - Salaries
111B		Elections (cost of) - All other Direct
111C		Elections (cost of) - Construction
111D		Elections (cost of) - Land, Equipment and Existing Structures
112A		Finance - Salaries
112B		Finance - All other Direct
112C		Finance - Construction
112D		Finance - Land, Equipment. and Existing Structures
113A		Taxes - Salaries
113B		Taxes - All other Direct			41,614	23,375
113C		Taxes - Construction
113D		Taxes - Land, Equipment, and Existing Structures
114A		Legal - Salaries
114B		Legal - All other Direct	72,124	45,158	56,311	37,901	48,864	58,346
114C		Legal - Construction
114D		Legal - Land, Equipment, and Existing Structures
115A		Public Buildings - Salaries
115B		Public Buildings - All other Direct	140,332	129,317	134,916	131,449	155,883	283,404
115C		Public Buildings - Construction
115D		Public Buildings - Land, Equipment, and Existing Structures					48,972	360,628
116A		Court Facilities - Salaries
116B		Court Facilities - All other Direct
116C		Court Facilities - Construction
116D		Court Facilities - Land, Equipment, and Existing Structures
117A		Central Facilites - Salaries
117B		Central Facilities - All other Direct
117C		Central Facilites - Construction
117D		Central Facilites - Land, Equipment, and Existing Structures
118A		General Government All Other - Salaries
118B		General Government All Other - All other Direct			4,700	1,290	28,509	35,353
118C		General Government All Other - Construction
118D		General Government All Other - Land, Equipment, and Existing Structures				10,750
119A	PUBLIC	Police and Communications - Salaries	1,246,453	1,293,122	1,124,880	1,177,949	1,214,451	1,166,652
119B	SAFETY	Police and Communications - All other Direct	190,689	210,876	266,835	298,355	303,009	305,203
119C		Police and Communications - Construction
119D		Police and Communications - Land, Equipment and Existing Structures		197,624	8,500	55,500	118,372	176,304
120A		Emergency Communications - Salaries
120B		Emergency Communications - All other Direct
120C		Emergency Communications - Construction
120D		Emergency Communications - Land, Equipment and Existing Structures
121A		Emergency Management - Salaries
121B		Emergency Management - All other Direct
121C		Emergency Managment - Construction
121D		Emergency Management - Land, Equipment, and Existing Structures
122A		Fire - Salaries	286,388	180,394	139,197	119,214	104,230	77,186
122B		Fire - All other Direct	128,292	104,457	104,515	105,564	142,925	127,835
122C		Fire - Construction
122D		Fire - Land, Equipment, and Existing Structures		577,985		10,600	64,285	21,740
123A		Inspectors - Salaries
123B		Inspectors - All other Direct
123C		Inspectors - Construction
123D		Inspectors - Land, Equipment, and Existing Structures
124A		Rescue Units - Salaries
124B		Rescue Units - All other Direct
124C		Rescue Units - Construction
124D		Rescue Units - Land, Equipment, and Existing Structures
125A		Animal Control - Salaries
125B		Animal Control - All other Direct
125C		Animal Control - Construction
125D		Animal Control - Land, Equipment, and Existing Structures
126A		Public Safety All Other - Salaries
126B		Public Safety All Other - All other Direct
126C		Public Safety All Other - Construction
126D		Public Safety All Other - Land, Equipment, and Existing Structures
127A	TRANSPOR	Traffic Engineering - Salaries
127B	TATION	Traffic Engineering - All other Direct
127C		Traffic Engineering - Construction
127D		Traffic Engineering - Land, Equipment, and Existing Structures
128A		Streets and Highways - Salaries	296,531	289,769	257,649	225,357	200,991	193,532
128B		Streets and Highways - All other Direct	556,545	313,381	1,012,402	857,319	876,478	278,593
128C		Streets and Highways - Construction
128D		Streets and Highways - Land, Equipment and Existing Structures	296,998	197,891	1,534,976	732,620	27,756	192,947
129A		Street Cleaning - Salaries
129B		Street Cleaning - All other Direct
129C		Street Cleaning - Construction
129D		Street Cleaning - Land, Equipment, and Existing Structures
130A		State Street Aid Allocation - Powell Bill - Salries						96,852
130B		State Street Aid Allocation - Powell Bill - All other Direct		151,500	163,818	80,346	74,745	26,000
130C		State Street Aid Allocation - Powell Bill - Construction
130D		State Street Aid Allocation - Powell Bill - Land, Equipment, and Existing Structures					24,886
131A		Parking Facilities - Salaries
131B		Parking Facilities - All other Direct
131C		Parking Facilities - Construction
131D		Parking Facilites - Land, Equipment, and Existing Structures
132A		Mass Transit - City - Salaries
132B		Mass Transit - City - All other Direct
132C		Mass Transit - City - Construction
132D		Mass Transit - City - Land, Equipment, and Existing Structures
133B		Mass Transit - Private - All other Direct only
134A		Airport - Salaries
134B		Airport - All other Direct
134C		Airport - Construction
134D		Airport - Land, Equipment, and Existing Structures
135A		Transportation - All Other - Salaries
135B		Transportation - All Other - All other Direct
135C		Transportation - All Other - Construction
135D		Transportation - All Other - Land, Equipment, and Existing Structures
136A	ENVIRON	Solid Waste - Salaries
136B	MENTAL	Solid Waste - All other Direct	743,080	635,103	560,980	470,804	405,454	357,677
136C	PROTECTION	Solid Waste - Construction
136D		Solid Waste - Land, Equipment, and Existing Structures
137A		Drainage and Watershed - Salaries
137B		Drainage and Watershed - All other Direct
137C		Drainage and Watershed - Construction
137D		Drainage and Watershed - Land, Equipment, and Existing Structures
138A		Cemeteries - Salaries
138B		Cemeteries - All other Direct
138C		Cemeteries - Construction
138D		Cemeteries - Land, Equipment, and Existing Structures
139A		Environmental Protection - All Other - Salaries
139B		Environmental Protection - All Other - All other Direct
139C		Environmental Protection - All Other - Construction
139D		Environmental Protection All Other - Land, Equipment, and Existing Structures
140A	ECONOMIC	Planning and Zoning - Salaries	343,245	294,361	283,886	261,072	231,647	207,922
140B	& PHYSICAL	Planning and Zoning - All other Direct	194,995	274,045	236,379	128,918	103,935	102,370
140C	DEVELOP	Planning and Zoning - Construction
140D		Planning and Zoning - Land, Equipment, and Existing Structures						7,911
141A		Economic Development - Salaries	80,205
141B		Economic Development - All other Direct	7,540			57,286
141C		Economic Development - Construction
141D		Economic Development - Land, Equipment, and Existing Structures
142A		Community Development - Salaries			45,314	43,239
142B		Community Development - All other Direct	144,215	254,567	218,846	314,617	302,750	215,654
142C		Community Development - Construction
142D		Community Development - Land, Equipment, and Existing Structures				26,520		290,000
143A		Housing and Urban Renewal - Salaries
143B		Housing and Urban Renewal - All other Direct
143C		Housing and Urban Renewal - Construction
143D		Housing and Urban Renewal - Land, Equipment, and Existing Structures	46,580
144A		Special Employment Programs (JTPA) - Salaries
144B		Special Employment Programs (JTPA) - All other Direct		307,392
144C		Special Employment Programs (JTPA) - Construction
144D		Special Employment Programs (JTPA) - Land, Equipment, and Existing Structures
145A		Economic and Physical Development - All Other - Salaries [A]
145B		Economic and Physical Development - All Other - All other Direct	22,500		52,500	47,500	47,500	56,500
145C		Economic and Physical Development - All Other - Construction
145D		Economic and Physical Development - All Other - Land, Equipment, and Existing Structures
146A	HUMAN	Health - Salaries
146B	SERVICES	Health - All other Direct
146C		Health - Construction
146D		Health - Land, Equipment, and Existing Structures
147A		Mental Health - Salaries
147B		Mental Health - All other Direct
147C		Mental Health - Construction
147D		Mental Health - Land, Equipment, and Existing Structures
148A		Social Services - Salaries
148B		Social Services - All other Direct
148C		Social Services - Construction
148D		Social Services - Land, Equipment, and Existing Structures
149B		Subsidies Paid: Hospitals - City Owned - All other Direct
150B		Subsidies Paid: Hospitals - Private Owned - All other Direct
151A		Other Human Services: Legal Aid - Salaries
151B		Other Human Services: Legal Aid - All other Direct
151C		Other Human Services: Legal Aid - Construction
151D		Other Human Services: Legal Aid - Land, Equipment, and Existing Structures
152A		Human Services - All Other - Salaries
152B		Human Services - All Other - All other Direct
152C		Human Services - All Other - Construction
152D		Human Services - All Other - Land, Equipment, and Existing Structures
153A	CULTURE	Recreation and Parks - Salaries	540,569	428,976	400,330	402,297	373,917	340,164
153B	RECREATION	Recreation and Parks - All other Direct	585,106	525,117	1,120,763	963,465	945,061	564,281
153C		Recreation and Parks - Construction
153D		Recreation and Parks - Land, Equipment, and Existing Structures		836,004	25,452	6,750	33,316	350,475
154A		Coliseum - Salaries
154B		Coliseum - All other Direct
154C		Coliseum - Construction
154D		Coliseum - Land, Equipment, and Existing Structures
155A		Museums - Salaries
155B		Museums - All other Direct
155C		Museums - Construction
155D		Museums - Land, Equipment, and Existing Structures
156A		Libraries - Salaries
156B		Libraries - All other Direct
156C		Libraries - Construction
156D		Libraries - Land, Equipment, and Existing Structures
157A		Culture and Recreation - All Other - Salaries
157B		Human Services - All Other - All other Direct
157C		Human Services - All Other - Construction
157D		Human Services - All Other - Land, Equipment, and Existing Structures
158A	UTILITY	Water and Sewer - Salaries
158B		Water and Sewer - All other Direct
158C		Water and Sewer - Construction
158D		Water and Sewer - Land, Equipment, and Existing Structures
159A		Electric Power - Salaries
159B		Electric Power - All other Direct
159C		Electric Power - Construction
159D		Electric Power - Land, Equipment, and Existing Structures
160A		Natural Gas - Salries
160B		Natural Gas - All other Direct
160C		Natural Gas - Construction
160D		Natural Gas - Land, Equipment and Existing Structures
160.1A		Storm water salaries
160.1B		Storm water other operating
160.1C		Storm water contruction
160.1C		Storm water land, equipment and existing structures
161B	DEBT	Water and Sewer - Debt Service Interest Payments
161D	SERVICE	Water and Sewer - Debt Service Principal Payments
162B		Electric - Debt Service Interest Payments
162D		Electric - Debt Service Principal Payments
163B		Gas - Debt Service Interest Payments
163D		Gas - Debt Service Principal Payments
164B		School - Debt Service Interest Payments
164D		School - Debt Service Principal Payments
165B		Hospital - Debt Service Interest Payments
165D		Hospital - Debt Service Principal Payments
166B		All Other - Debt Service Interest Payments	767,802	943,862	205,463	211,375	185,954	48,601
166D		All Other - Debt Service Principal Payments			571,521	593,955	507,584	80,250
167B	PENSION	Direct Benefit Program - Pension Fund operated by the Unit
168B	FRINGE	Fringe Benefits Unallocated - (B)
169B		Separation Allowance - Law Enforcement Officers -(B)
170B		Separation Allowance - Other Employees - (B)
171B		Supplemental Retirement Income Plan for Law Enforcement Officers - (B)	43,568	16,577	15,430	12,679	4,029	6,043
172B		Fringe Benefits Other - (B)
173A		Multi-County Library District, County, or Other Municipality Authority
173B	INTERGOV	Multi-County Library District, County, or Other Municipality (Item number)
173C	EXPEND	Multi-County Library District, County, or Other Municipality (Amount)
174A		General Governmental Actitivies shared with the County (County)
174B		General Governmental Actitivies shared with the County (Item number)
174C		General Governmental Actitivies shared with the County (Amount)
175A		Highways (Payments to State) (State)
175B		Highways (Payments to State) (Item number)
175C		Highways (Payments to State) (Amount)
176A		Others - Name of Payee #1
176B		Others - 1 (B)
176C		Others - 1 (C)
177A		Others - Name of Payee #2
177B		Others - 2 (B)
177C		Others - 2 (C)
178A		Others - Name of Payee #3
178B		Others - 3 (B)
178C		Others - 3 (C)
179	PART 6	Current Year Levy Excluding Motor Vehicles	4,380,459	3,784,254	3,530,205	3,354,920	3,247,376	2,860,593
180	OTHER	Current Year Levy Motor Vehicles Only	419,532	312,753	286,482	283,712	254,994	235,216
181	DATA	Uncollected Taxes - Current Year's Levy - Excluding Motor Vehicles	50,575	41,622	48,965	57,870	42,955	31,156
182		Uncollected Taxes - Current Year's Levy - Motor Vehicles	28,801	17,958	20,194	19,206	17,945	16,797
183		Percentage of Taxes Collected - Current Year All Property	98.35	98.55	98.19	97.88	98.26	98.45
184		Percentage of Taxes Collected - Current Year - Excluding Motor Vehicles	98.85	98.90	98.61	98.28	98.68	98.91
185		Percentage of Taxes Collected - Current Year - Motor Vehicles	93.13	94.26	92.95	93.23	92.96	92.86
186		Total Amount of Expenditures for Salaries and Wages to Unit's Own Personnal
187A		Capital Reserve or Available Funds - Schools - July 1, Previous Year
187B		Capital Reserve or Available Funds - Schools - June 30, Current Year
188A		Capital Reserve or Available Funds - Hospitals - July 1, Previous Year
188B		Capital Reserve or Available Funds - Hospitals - June 30, Current Year
189A	PART 7	Cash on Hand and in Bank, and Securities - Held in Debt Service Fund
189B	CASH &	Cash on Hand and in Bank, and Securities - Construction Bond Fund - Unexpended bond proceeds
189C	INVEST	Cash on Hand and in Bank, and Securities - All Other	4,111,124	3,453,887	2,670,273	3,513,173	2,479,761	2,610,076
190A	PART	Appropriations made during the fiscal year pursuant to subsections b (1- 7)
190B	8	Expenditures made during the fiscal year pursuant to subsections b (1- 7)
191		Investment in Property Acquired at any time under G.S. 158
192		Amount Expended during the fiscal year pursuant to subsections b (5) and b (7)
193		Amount of Tax Revenues taken into account under G.S.
194A	PART 9	Amounts - Total Revenues and other financing sources per audit	8,634,666	9,812,391	9,474,191	8,920,603	7,296,601	6,654,250
194B	FISCAL	Amounts - Subtract proceeds of refunding debt
194C	SUMMARY	Amounts - Subtract interfund transfers in		324,140
194D		Amounts - Net Revenues per AFIR	8,634,666	9,488,251	9,474,191	8,920,603	7,296,601	6,654,250
		Calculated amount	8,630,128	9,488,251	9,474,191	8,920,603	7,296,601	6,654,250
		Amounts in AGREEMENT??	No	Yes	Yes	Yes	Yes	Yes
		Difference	4,538
195A		Amounts - Total Expenditures and other financing sources per audit	7,814,257	9,560,662	9,549,472	8,179,619	7,276,661	6,624,832
195B		Amounts - Subtract payments to refunding debt escrow agent
195C		Amounts - Subtract interfund transfers out		324,140
195D		Amounts Net Expenditures per AFIR	7,814,257	9,236,522	9,549,472	8,179,619	7,276,661	6,624,832
		Calculated amount	7,814,257	9,236,522	9,549,472	8,179,619	7,276,661	6,624,832
		Amounts in AGREEMENT??	Yes	Yes	Yes	Yes	Yes	Yes
		Difference

	PART 10

950		Name of Official Signatory	Eric T Hardy
951		Title of Official	Finance Director
952		Date Certified	12/22/2009	12/03/2008	11/29/2007
953		Person to Contact	Leamon Brice
954		Title of Person to Contact	Town Manager
955		Telephone Number	704-892-7591
956		Facsimile Number	704-892-3971

Financial Graphs and Comparisons

Analysis of Available Fund Balance: General Fund
Analysis of Property Tax Collection %
Analysis of General Obligation Debt
Analysis of Revenue (5 years)
Analyis of Revenue (most recent fiscal year)
Analysis of Expenditures by Function
Analysis of Expenditures by Object

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Analysis of Available Fund Balance: General Fund

	2005	2006	2007	2008	2009
Unit's FBA %	39.98%	31.07%	32.68%	40.54%	49.42%
Group average FBA %	62.22%	62.32%	64.31%	65.07%	41.06%
State average Electric/Non Electric Group FBA %	36.92%	36.51%	37.18%	36.50%	37.55%
State average FBA %	36.77%	36.31%	62.22%	36.23%	36.82%

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

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2005 2006 2007 2008 2009

Municipality 98.26% 97.88% 98.19% 98.55% 98.35%

Pop. Group 96.85% 96.72% 96.76% 96.72% 97.32%

Statewide 97.42% 97.55% 97.59% 97.64% 97.79%

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

	2005	2006	2007	2008	2009
Municipality	98.26%	97.88%	98.19%	98.55%	98.35%
Pop. Group	96.85%	96.72%	96.76%	96.72%	97.32%
Statewide	97.42%	97.55%	97.59%	97.64%	97.79%

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

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2005 2006 2007 2008 2009

Municipality 0 0 0 0 0

Pop. Group 131 117 93 71 130

Statewide 505 495 478 456 455

Municipal Population Group: 5,000 to 9,999

	2005	2006	2007	2008	2009
Municipality	0	0	0	0	0
Pop. Group	131	117	93	71	130
Statewide	505	495	478	456	455

Municipal Population Group: 5,000 to 9,999

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2005 2006 2007 2008 2009

Property Tax $420 439 415 413 460

Utility 0 2 4 4 6

Sales Tax 127 118 108 106 91

Sales & Services 32 35 34 37 38

Intergovernmental 170 181 226 119 135

Debt Proceeds 107 198 0 139 14

Other Miscellaneous 53 119 254 155 99

Total $909 1,092 1,041 973 843

	2005	2006	2007	2008	2009
Property Tax	$420	439	415	413	460
Utility	0	2	4	4	6
Sales Tax	127	118	108	106	91
Sales & Services	32	35	34	37	38
Intergovernmental	170	181	226	119	135
Debt Proceeds	107	198	0	139	14
Other Miscellaneous	53	119	254	155	99
Total	$909	1,092	1,041	973	843

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2009
2009

Category Revenue
Per Capita

Property Tax $4,711,762
$460

Water/Sewer 0
0

Electric 0
0

Utility 57,075
6

Sales Tax 937,162
91

Sales & Services 387,066
38

Intergovernment 1,387,185
135

Debt Proceeds 139,795
14

Miscellaneous 1,010,083
99

Total $8,630,128
$843

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

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2009
2009

Category Expenditures
Per Capita

General Government $1,292,956
$127

Water/Sewer 0
0

Electric 0
0

Utilities 0
0

Debt Service 767,802
75

Transportation 1,150,074
112

Public Safety 1,895,390
185

Other 2,708,035
264

Total $7,814,257
$763

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

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2009
2009

Category Expenditures
Per Capita

Salaries & Wages $3,391,895
$331

Water/Sewer Capital 0
0

Electric Capital 0
0

Capital Outlay 486,474
47

Other Operating 3,935,888
385

Total $7,814,257
$763

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

Last Updated 3/15/2010 1:13:54 PM



	2009	2009
Category	Revenue	Per Capita
Property Tax	$4,711,762	$460
Water/Sewer	0	0
Electric	0	0
Utility	57,075	6
Sales Tax	937,162	91
Sales & Services	387,066	38
Intergovernment	1,387,185	135
Debt Proceeds	139,795	14
Miscellaneous	1,010,083	99
Total	$8,630,128	$843

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

North CarolinaDepartment of State TreasurerFinancial InformationTown of Davidson

Financial Graphs and Comparisons

North Carolina
Department of State Treasurer
Financial Information
Town of Davidson