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			2008	2007	2006	2005	2004	2003
	Revenues by Source
		Property Tax	$4,027,379	3,779,058	3,583,962	3,367,478	3,052,092	2,700,867
		Utility	39,327	34,698	18,582	-	-	-
		Sales Tax	1,037,032	990,549	970,149	1,023,955	805,037	512,558
		Sales & Services	359,123	308,521	289,826	256,134	227,182	176,417
		Intergovernmental	1,156,628	2,052,550	1,474,569	1,363,377	1,222,797	1,777,626
		Debt Proceeds	1,355,210	-	1,614,000	858,728	889,464	2,109,346
		Other Miscellaneous	1,513,552	2,308,815	969,515	426,929	457,678	343,917
		Total	$9,488,251	9,474,191	8,920,603	7,296,601	6,654,250	7,620,731

	Expenditures by Function
		Utility	$0	-	-	-	-	-
		Debt Service	943,862	776,984	805,330	693,538	128,851	204,107
		Transportation	952,541	2,968,845	1,895,642	1,204,856	787,924	727,276
		General Government	1,203,519	1,199,836	976,318	983,386	1,334,140	773,752
		Public Safety	2,581,035	1,659,357	1,779,861	1,951,301	1,880,963	1,576,750
		Other	3,555,565	2,944,450	2,722,468	2,443,580	2,492,954	4,011,030
		Total	$9,236,522	9,549,472	8,179,619	7,276,661	6,624,832	7,292,915

	Expenditures by Object
		Salaries & Wages	$3,023,287	2,782,108	2,725,326	2,565,564	2,479,974	2,079,336
		Capital Outlay	1,819,611	1,578,222	842,740	317,587	1,400,005	3,204,080
		Other Operating + Debt Service	4,393,624	5,189,142	4,611,553	4,393,510	2,744,853	2,009,499
		Total	$9,236,522	9,549,472	8,179,619	7,276,661	6,624,832	7,292,915


	Per Capita Revenues by Source
		Property Tax	$413	415	439	420	388	361
		Utility	4	4	2	-	-	-
		Sales Tax	106	108	118	127	102	68
		Sales & Services	37	34	35	32	29	24
		Intergovernmental	119	226	181	170	156	237
		Debt Proceeds	139	-	198	107	113	282
		Other Miscellaneous	155	254	119	53	58	46
		Total	$973	1,041	1,092	909	846	1,018

	Per Capita Expenditures by Function
		Utility	$0	-	-	-	-	-
		Debt Service	97	85	99	86	16	27
		Transportation	98	326	232	150	100	97
		General Government	122	133	119	123	171	103
		Public Safety	265	182	218	243	239	211
		Other	365	324	333	305	317	536
		Total	$947	1,050	1,001	907	843	974

	Per Capita Expenditures by Object
		Salaries & Wages	$310	306	334	320	315	278
		Capital Outlay	187	173	103	40	178	428
		Other Operating	450	571	564	547	350	268
		Total	$947	1,050	1,001	907	843	974

	Population Group		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	No Electric 2,500 to 9,999
		Number of Municipalites in Group	119	121	119	116	114	111
		Average Population In Group	4,702	4,808	4,820	4,759	4,871	4,838
		Town of Davidson Population	9,751	9,099	8,168	8,024	7,862	7,489
	Group Average Per Capita Revenues by Source
		Property Tax	339	312	306	296	284	282
		Utility	315	316	326	307	292	279
		Sales Tax	160	158	154	146	140	120
		Sales & Services	81	79	74	70	68	67
		Intergovernmental	182	176	160	165	184	179
		Debt Proceeds	174	109	95	65	77	69
		Other Miscellaneous	126	161	126	110	97	132
		Total	1,377	1,311	1,241	1,159	1,142	1,128

	Group Average Per Capita Expenditures by Function
		Utility	377	334	305	290	305	298
		Debt Service	103	97	98	101	104	97
		Transportation	112	112	112	105	100	90
		General Government	170	160	156	154	159	136
		Public Safety	322	312	280	268	261	249
		Other	233	237	209	218	199	214
		Total	1,317	1,252	1,160	1,136	1,128	1,084

	Group Average Per Capita Expenditures by Object
		Salaries & Wages	421	408	390	385	359	354
		Capital Outlay	284	254	205	179	208	172
		Other Operating	612	590	565	572	561	558
		Total	1,317	1,252	1,160	1,136	1,128	1,084


General Fund Go to top of page			2008	2007	2006	2005	2004	2003
	General Fund revenues		$7,832,541	7,247,935	6,768,973	6,181,608	5,620,746	5,441,339
	General Fund expenditures		8,225,368	6,711,324	6,368,917	6,533,242	6,431,631	7,286,905
	Operating transfers in		-	-	-	-	-	-
	Operating transfers out		324,140	408,601	108,684	-	-	-
	Capital leases and installment purchase proceeds		730,210	-	-	815,438	-	2,109,346
	Other items		300,500	-	-	43,290	899,869	36,022
	Excess of revenues and other sources over (under) expenditures and other uses		313,743	128,010	291,372	507,094	88,984	299,802

	Fund balance available (FBA):
		In dollars	$3,170,015	2,327,095	2,012,404	2,286,190	2,082,516	2,120,348
		FBA as a % of GF Net Expenditures:
		Unit's FBA %	40.54	32.68	31.07	39.98	32.38	40.95
		Group weighted average FBA %	65.07	64.31	62.33	62.22	61.38	60.00
		State weighted average Non-Electric Group	36.47	37.14	36.51	36.90	36.42	36.42
		State weighted average FBA %	36.20	36.37	36.31	36.76	36.35	36.06


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			2008	2007	2006	2005	2004	2003

		Population at July 1st of the Previous Year	9,751	9,099	8,168	8,024	7,862	7,489
		Population Group	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	No Electric 2,500 to 9,999
		Cash &Investments	$3,453,887	2,670,273	3,513,173	2,479,761	2,610,076	2,460,358
		Investment Earnings	143,214	158,071	135,537	74,542	55,492	70,601
		Tax Rate Equivalent	0.0121	0.0147	0.0129	0.0073	0.0059	0.0093
		Tax Rate Equivalent Group weighted average	0.0296	0.0439	0.0322	0.0212	0.0115	0.0166
		Tax Rate Equivalent Statewide weighted average	0.0524	0.0920	0.0573	0.0415	0.0340	0.0332
		Latest year of Revaluation	2003	2003	2003	2003	2003	1998
		January 1, Prior Year Assessed Valuation	$1,183,139,162	1,073,896,822	1,051,635,746	1,015,298,050	944,333,881	762,113,921
		Tax Rate	0.3450	0.1900	0.3450	0.3450	0.3550	0.3550
		Tax Rate Group weighted average	0.2682	0.3126	0.3191	0.3626	0.3759	0.3833
		Tax Rate State Wide	0.4254	0.4455	0.4321	0.4448	0.4566	0.4594
		Assessment -to-Sales Ratio	87.33	93.76	95.06	95.80	98.08	87.61
		Assessment -to-Sales Ratio Group weighted average	90.92	83.47	91.52	85.31	89.22	88.07
		Assessment -to-Sales Ratio Statewide	88.52	88.41	92.28	92.35	92.18	89.54
		Assessed Valuation Adjusted for Assesment to Sales Ratio	$1,354,791,208	1,145,367,771	1,106,286,289	1,059,810,073	962,820,025	869,893,758
		EffectiveTax Rate	0.3013	0.1781	0.3280	0.3305	0.3482	0.3110
		Group weighted average Effective Tax Rate	0.2438	0.2610	0.2921	0.3093	0.3354	0.3376
		Statewide weighted average Effective Tax Rate	0.3765	0.3939	0.3987	0.4108	0.4209	0.4113
		Percent Collected	98.55	98.19	97.88	98.26	98.45	97.74
		Percent Collected Group weighted average	97.46	96.76	96.72	96.85	96.72	96.35
		Percent Collected Statewide	97.97	97.59	97.55	97.42	97.31	96.96
		Percent Collected Excluding Motor Vehicles	98.90	98.61	98.28	98.68	98.91	98.18
		Percent Collected Excluding Motor Vehicles Group weighted average	98.08	98.00	98.08	97.96	97.91	97.84
		Percent Collected Excluding Motor Vehicles Statewide weighted average	98.66	98.59	98.61	98.36	98.26	98.31
		Percent Collected Motor Vehicles Only	94.26	92.95	93.23	92.96	92.86	92.88
		Percent Collected Motor Vehicles Only Group weighted average	85.75	86.04	86.22	85.87	85.76	84.39
		Percent Collected Motor Vehicles Only Statewide weighted average	86.74	86.71	86.80	87.31	87.62	86.69
		Tax Uncollected	18,057	69,159	77,076	60,900	47,953	61,655
		Tax Rate Equivalent	0.0015	0.0064	0.0073	0.0060	0.0051	0.0081
		Dominant County: Mecklenburg
	Debt Information
		Population Group	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	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	71	93	117	131	171	#N/A
		Total Per Capita Statewide	456	478	495	505	548	#N/A
		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	0.0577%	0.0861%	0.1199%	0.1450%	0.2078%	#N/A
		Total per Assessed Valuation Adjusted for Current Year Sales - Statewide	0.4131%	0.4706%	0.5275%	0.5588%	0.6442%	#N/A
		Total Authorized but not Issued General Obligation Debt

		Installment Sales Purchases and Lease Obligations
		--Enterprise	$0	0	0	0	0	0
		--General Government	4,638,580	4,364,435	4,766,784	3,550,536	3,220,509	3,072,898
		Total*	$4,638,580	4,364,435	4,766,784	3,550,536	3,220,509	3,072,898
		* 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	2008	2007	2006	2005	2004	2003
	Population at July 1st of the Previous Year Adjusted for Boundry Changes		9,751	9,099	8,168	8,024	7,862	7,489

1A	Non GASB34	General Fund Assets						2,921,480
1B	FISCAL	General Fund Liabilities						460,454
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						158,194
1.5A	GASB34	Governmental Activities Assets	16,206,909	14,853,803	11,958,860	11,090,947	10,581,265
1.5B	FISCAL	Governmental Activities Liabilities	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						8,690,729
9B		General Long term debt - Liabilities						3,737,850
10	PART 2	Current collections of unit-wide levy	3,965,640	3,711,796	3,576,017	3,358,052	3,021,679	2,661,393
11	TAX	Current collection of special tax districts	101,155	45,075
12	REVENUES	Prior years' levy collections	47,377	52,128			19,283	22,179
13		Penalties and interest	14,362	15,134	7,945	9,426	11,130	17,295
14		Collection of taxes previously written off
15		Animal tax	1,010	800	770	1,310	930	780
16		1% Local government sales and use tax	537,077	516,287	500,567	615,565	434,492	314,033
17		1/2% Local government sales and use taxes (Article 40)	155,080	147,157	136,715	120,819	111,335	89,506
18		1/2% Local government sales and use taxes (Article 42)	152,751	145,048	135,018	118,988	109,112	88,219
18.5		1/2% Local government sales and use taxes (Article 44)	192,124	182,057	197,849	168,583	150,098	20,800
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						69,213
23		Local occupancy tax	24,827	21,990	23,770	22,944	17,376	18,000
24		Prepared food tax	79,373	90,019	81,410	62,948	42,374	27,039
25		911 charges	23,962	50,839	43,284	47,734	54,049	25,754
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	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				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	577,733	482,650	460,685	462,501	448,879	341,127
45		Beer and Wine tax	41,909	37,791	35,442	34,800	32,163	31,035
46		Powell Bill	298,486	246,431	241,140	236,249	203,891	214,840
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	109,050
53		Transportation - Streets		350,000				55,688
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				34,024
61	LOCAL	LOCAL Payment in lieu of taxes	108,000	108,000	107,000	69,000	94,000	63,000
62	INTERGOV	General government						836,362
63	REVENUES	Public safety	87,500	87,500	87,500	67,500	67,500	67,500
64		Transportatin - Streets
65		Transportation - All other						25,000
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	305,479	457,413	97,077	34,345	28,772	16,475
74	SALES &	Parking revenues	7,405	13,920	4,277	9,193	9,335	13,605
75	SERVICES	Rents and royalties	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	17,600	30,500	8,300	14,900	8,200	4,000
81		Recreation service revenues	246,757	182,859	185,684			72,683
82		Library service revenues						74,662
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	11,467
86	UTILITY	Water and sewer charges
87	REVENUES	Electric charges
88		Gas charges
88.1		Storm Water Fees	39,327	34,698	18,582
89	MISC.	On bond proceeds
90	REVENUES	On general and all other funds	143,214	158,071	135,537	74,542	55,492	70,601
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	300,500
95		Nongovernment contributions for streets and traffic signals
96		Mixed drink surcharge
97		ABC profit distribution	44,625	42,500	42,500	40,000	37,525	34,375
98		Other miscellaneous revenues	435,633	22,158	25,655	100,798	50,406	45,658
99		Proceeds of the sale of bonds and notes				43,290	39,490
100		Proceeds of capital leases and installment purchases	1,355,210		1,614,000	815,438	849,974	2,109,346
101		Other					10,405	36,022
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	30,194	26,487				20,300
109B	GENERAL	Governing body - All other Direct	51,492	50,690	78,597	69,353	61,842	24,187
109C	GOVT	Governing body - Construction
109D		Governing body - Land, Equipment and Existing Structures
110A		Administration - Salaries	506,471	504,365	496,198	440,328	397,666	332,803
110B		Administration - All other Direct	430,780	371,459	196,758	191,477	136,901	143,678
110C		Administration - Construction
110D		Administration - Land, Equipment and Existing Structures	10,107	9,294				5,929
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	45,158	56,311	37,901	48,864	58,346	50,936
114C		Legal - Construction
114D		Legal - Land, Equipment, and Existing Structures
115A		Public Buildings - Salaries
115B		Public Buildings - All other Direct	129,317	134,916	131,449	155,883	283,404	109,195
115C		Public Buildings - Construction
115D		Public Buildings - Land, Equipment, and Existing Structures				48,972	360,628	71,343
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	15,381
118C		General Government All Other - Construction
118D		General Government All Other - Land, Equipment, and Existing Structures			10,750
119A	PUBLIC	Police and Communications - Salaries	1,293,122	1,124,880	1,177,949	1,214,451	1,166,652	967,214
119B	SAFETY	Police and Communications - All other Direct	210,876	266,835	298,355	303,009	305,203	162,530
119C		Police and Communications - Construction						31,135
119D		Police and Communications - Land, Equipment and Existing Structures	197,624	8,500	55,500	118,372	176,304	230,319
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	180,394	139,197	119,214	104,230	77,186	63,973
122B		Fire - All other Direct	104,457	104,515	105,564	142,925	127,835	83,200
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	289,769	257,649	225,357	200,991	193,532	181,912
128B		Streets and Highways - All other Direct	313,381	1,012,402	857,319	876,478	278,593	296,843
128C		Streets and Highways - Construction
128D		Streets and Highways - Land, Equipment and Existing Structures	197,891	1,534,976	732,620	27,756	192,947	110,050
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	138,471
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	635,103	560,980	470,804	405,454	357,677	312,204
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	294,361	283,886	261,072	231,647	207,922	193,482
140B	& PHYSICAL	Planning and Zoning - All other Direct	274,045	236,379	128,918	103,935	102,370	86,044
140C	DEVELOP	Planning and Zoning - Construction
140D		Planning and Zoning - Land, Equipment, and Existing Structures					7,911	5,377
141A		Economic Development - Salaries
141B		Economic Development - All other Direct			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	254,567	218,846	314,617	302,750	215,654	60,982
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
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		52,500	47,500	47,500	56,500	72,500
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	428,976	400,330	402,297	373,917	340,164	319,652
153B	RECREATION	Recreation and Parks - All other Direct	525,117	1,120,763	963,465	945,061	564,281	210,862
153C		Recreation and Parks - Construction
153D		Recreation and Parks - Land, Equipment, and Existing Structures	836,004	25,452	6,750	33,316	350,475	2,749,927
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	943,862	205,463	211,375	185,954	48,601	127,150
166D		All Other - Debt Service Principal Payments		571,521	593,955	507,584	80,250	76,957
167B	PENSION	Direct Benefit Program - Pension Fund operated by the Unit
168B	FRINGE	Fringe Benefits Unallocated - (B)
169B		Separation Allowance - Law Enforcement Officers -(B)						6,043
170B		Separation Allowance - Other Employees - (B)
171B		Supplemental Retirement Income Plan for Law Enforcement Officers - (B)	16,577	15,430	12,679	4,029	6,043	32,336
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	3,784,254	3,530,205	3,354,920	3,247,376	2,860,593	2,494,846
180	OTHER	Current Year Levy Motor Vehicles Only	312,753	286,482	283,712	254,994	235,216	229,672
181	DATA	Uncollected Taxes - Current Year's Levy - Excluding Motor Vehicles	41,622	48,965	57,870	42,955	31,156	45,301
182		Uncollected Taxes - Current Year's Levy - Motor Vehicles	17,958	20,194	19,206	17,945	16,797	16,354
183		Percentage of Taxes Collected - Current Year All Property	98.55	98.19	97.88	98.26	98.45	97.74
184		Percentage of Taxes Collected - Current Year - Excluding Motor Vehicles	98.9	98.61	98.28	98.68	98.91	98.18
185		Percentage of Taxes Collected - Current Year - Motor Vehicles	94.26	92.95	93.23	92.96	92.86	92.88
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	3,453,887	2,670,273	3,513,173	2,479,761	2,610,076	2,460,358
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	9,812,391	9,474,191	8,920,603	7,296,601	6,654,250	7,620,731
194B	FISCAL	Amounts - Subtract proceeds of refunding debt
194C	SUMMARY	Amounts - Subtract interfund transfers in	324,140
194D		Amounts - Net Revenues per AFIR	9,488,251	9,474,191	8,920,603	7,296,601	6,654,250	7,620,731
		Calculated amount	9,488,251	9,474,191	8,920,603	7,296,601	6,654,250	7,620,731
		Amounts in AGREEMENT??	Yes	Yes	Yes	Yes	Yes	Yes
		Difference
195A		Amounts - Total Expenditures and other financing sources per audit	9,560,662	9,549,472	8,179,619	7,276,661	6,624,832	7,292,915
195B		Amounts - Subtract payments to refunding debt escrow agent
195C		Amounts - Subtract interfund transfers out	324,140
195D		Amounts Net Expenditures per AFIR	9,236,522	9,549,472	8,179,619	7,276,661	6,624,832	7,292,915
		Calculated amount	9,236,522	9,549,472	8,179,619	7,276,661	6,624,832	7,292,915
		Amounts in AGREEMENT??	Yes	Yes	Yes	Yes	Yes	Yes
		Difference

	PART 10

950		Name of Official Signatory	Peggy Smith
951		Title of Official	Finance Officer
952		Date Certified	12/03/2008	11/29/2007	11/16/2006
953		Person to Contact	Peggy Smith
954		Title of Person to Contact	Finance Officer
955		Telephone Number	704-940-9620
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

	2004	2005	2006	2007	2008
Unit's FBA %	32.38%	39.98%	31.07%	32.68%	40.54%
Group average FBA %	61.38%	62.22%	62.33%	64.31%	65.07%
State average Electric/Non Electric Group FBA %	36.42%	36.90%	36.51%	37.14%	36.47%
State average FBA %	36.35%	36.76%	61.38%	36.37%	36.20%

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

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2004 2005 2006 2007 2008

Municipality 98.45% 98.26% 97.88% 98.19% 98.55%

Pop. Group 96.72% 96.85% 96.72% 96.76% 97.46%

Statewide 97.31% 97.42% 97.55% 97.59% 97.97%

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

	2004	2005	2006	2007	2008
Municipality	98.45%	98.26%	97.88%	98.19%	98.55%
Pop. Group	96.72%	96.85%	96.72%	96.76%	97.46%
Statewide	97.31%	97.42%	97.55%	97.59%	97.97%

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

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2004 2005 2006 2007 2008

Municipality 0 0 0 0 0

Pop. Group 171 131 117 93 71

Statewide 548 505 495 478 456

Municipal Population Group: 5,000 to 9,999

	2004	2005	2006	2007	2008
Municipality	0	0	0	0	0
Pop. Group	171	131	117	93	71
Statewide	548	505	495	478	456

Municipal Population Group: 5,000 to 9,999

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2004 2005 2006 2007 2008

Property Tax $388 420 439 415 413

Utility 0 0 2 4 4

Sales Tax 102 127 118 108 106

Sales & Services 29 32 35 34 37

Intergovernmental 156 170 181 226 119

Debt Proceeds 113 107 198 0 139

Other Miscellaneous 58 53 119 254 155

Total $846 909 1,092 1,041 973

	2004	2005	2006	2007	2008
Property Tax	$388	420	439	415	413
Utility	0	0	2	4	4
Sales Tax	102	127	118	108	106
Sales & Services	29	32	35	34	37
Intergovernmental	156	170	181	226	119
Debt Proceeds	113	107	198	0	139
Other Miscellaneous	58	53	119	254	155
Total	$846	909	1,092	1,041	973

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2008
2008

Category Revenue
Per Capita

Property Tax $4,027,379
$413

Water/Sewer 0
0

Electric 0
0

Utility 39,327
4

Sales Tax 1,037,032
106

Sales & Services 359,123
37

Intergovernment 1,156,628
119

Debt Proceeds 1,355,210
139

Miscellaneous 1,513,552
155

Total $9,488,251
$973

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

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2008
2008

Category Expenditures
Per Capita

General Government $1,203,519
$122

Water/Sewer 0
0

Electric 0
0

Utilities 0
0

Debt Service 943,862
97

Transportation 952,541
98

Public Safety 2,581,035
265

Other 3,555,565
365

Total $9,236,522
$947

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

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2008
2008

Category Expenditures
Per Capita

Salaries & Wages $3,023,287
$310

Water/Sewer Capital 0
0

Electric Capital 0
0

Capital Outlay 1,819,611
187

Other Operating 4,393,624
450

Total $9,236,522
$947

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

Last Updated 8/27/2009 7:08:02 AM



	2008	2008
Category	Revenue	Per Capita
Property Tax	$4,027,379	$413
Water/Sewer	0	0
Electric	0	0
Utility	39,327	4
Sales Tax	1,037,032	106
Sales & Services	359,123	37
Intergovernment	1,156,628	119
Debt Proceeds	1,355,210	139
Miscellaneous	1,513,552	155
Total	$9,488,251	$973

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