North Carolina
Department of State Treasurer
Financial Information
Town of Matthews

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	$8,916,677	8,479,145	8,144,239	7,698,090	7,551,780	6,962,368
		Utility	-	-	-	-	-	-
		Sales Tax	2,487,413	2,237,330	2,266,689	1,819,360	1,773,349	1,387,561
		Sales & Services	717,303	633,472	532,499	523,781	528,933	457,200
		Intergovernmental	2,915,213	3,008,367	2,842,548	2,685,305	2,643,715	2,380,582
		Debt Proceeds	587,625	617,025	636,625	658,975	672,348	821,517
		Other Miscellaneous	2,742,081	9,617,034	4,643,191	2,211,723	1,894,336	1,342,821
		Total	$18,366,312	24,592,373	19,065,791	15,597,234	15,064,461	13,352,049

	Expenditures by Function
		Utility	$0	-	-	2,230,342	-	-
		Debt Service	2,045,784	3,699,766	2,412,781	-	2,449,033	2,626,721
		Transportation	3,629,125	2,931,242	2,960,021	2,295,237	2,177,233	2,121,290
		General Government	1,617,174	1,393,484	1,208,281	1,204,382	1,170,195	943,121
		Public Safety	7,196,960	6,735,390	6,082,996	5,175,963	4,954,976	4,670,908
		Other	4,921,269	4,883,025	7,543,548	2,991,900	2,911,296	2,296,644
		Total	$19,410,312	19,642,907	20,207,627	13,897,824	13,662,733	12,658,684

	Expenditures by Object
		Salaries & Wages	$8,783,989	8,528,442	5,545,537	6,525,034	4,806,200	4,368,739
		Capital Outlay	2,574,153	2,372,494	5,614,883	2,320,202	753,798	416,072
		Other Operating + Debt Service	8,052,170	8,741,971	9,047,207	5,052,588	8,102,735	7,873,873
		Total	$19,410,312	19,642,907	20,207,627	13,897,824	13,662,733	12,658,684


	Per Capita Revenues by Source
		Property Tax	$318	319	320	309	310	289
		Utility	-	-	-	-	-	-
		Sales Tax	87	85	88	74	71	57
		Sales & Services	26	24	21	21	22	19
		Intergovernmental	104	113	112	108	109	99
		Debt Proceeds	21	23	25	26	28	34
		Other Miscellaneous	98	362	183	89	78	56
		Total	$654	926	749	627	618	554

	Per Capita Expenditures by Function
		Utility	$0	-	-	90	-	-
		Debt Service	73	139	95	-	101	109
		Transportation	129	110	116	92	89	88
		General Government	58	53	48	49	48	39
		Public Safety	256	254	239	208	203	194
		Other	175	184	296	120	120	95
		Total	$691	740	794	559	561	525

	Per Capita Expenditures by Object
		Salaries & Wages	$313	321	218	262	197	181
		Capital Outlay	92	89	221	93	31	17
		Other Operating	286	330	355	204	333	327
		Total	$691	740	794	559	561	525

	Population Group		No Electric 10,000 to 49,999	No Electric 10,000 to 49,999	No Electric 10,000 to 49,999	No Electric 10,000 to 49,999	No Electric 10,000 to 49,999	No Electric 10,000 to 49,999
		Number of Municipalites in Group	38	34	32	32	30	29
		Average Population In Group	20,391	20,926	20,968	20,289	20,607	20,737
		Town of Matthews Population	28,072	26,554	25,442	24,879	24,357	24,121
	Group Average Per Capita Revenues by Source
		Property Tax	397	387	370	362	348	327
		Utility	308	308	307	290	277	253
		Sales Tax	158	158	150	144	135	116
		Sales & Services	71	64	62	58	56	55
		Intergovernmental	152	143	153	156	150	150
		Debt Proceeds	244	156	73	149	117	76
		Other Miscellaneous	124	151	122	112	81	93
		Total	1,454	1,367	1,237	1,271	1,164	1,070

	Group Average Per Capita Expenditures by Function
		Utility	267	291	263	266	257	321
		Debt Service	135	126	136	127	128	121
		Transportation	127	125	129	127	114	102
		General Government	226	140	145	144	136	109
		Public Safety	322	320	313	305	291	267
		Other	249	260	228	222	212	204
		Total	1,326	1,262	1,214	1,191	1,138	1,124

	Group Average Per Capita Expenditures by Object
		Salaries & Wages	449	445	434	425	405	378
		Capital Outlay	288	247	214	242	199	232
		Other Operating	589	570	566	524	534	514
		Total	1,326	1,262	1,214	1,191	1,138	1,124


General Fund Go to top of page			2008	2007	2006	2005	2004	2003
	General Fund revenues		$16,812,617	16,209,908	15,408,368	14,247,037	14,051,919	12,605,078
	General Fund expenditures		18,462,310	18,891,729	19,646,451	13,556,352	13,040,373	12,285,386
	Operating transfers in		416,327	339,557	224,913	27,000	417,510	638,013
	Operating transfers out		-	693,714	127,850	-	-	200,000
	Capital leases and installment purchase proceeds		44,374	2,071,000	-	-	-	-
	Other items		-	5,039,820	-	-	6,276	77,531
	Excess of revenues and other sources over (under) expenditures and other uses		(1,188,992)	4,074,842	(4,141,020)	717,685	1,435,332	835,236

	Fund balance available (FBA):
		In dollars	$6,529,721	7,697,245	3,765,287	8,077,788	7,043,699	5,654,161
		FBA as a % of GF Net Expenditures:
		Unit's FBA %	35.45	43.95	19.04	59.59	54.01	45.29
		Group weighted average FBA %	43.40	40.44	38.05	37.21	36.30	35.49
		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	28,072	26,554	25,442	24,879	24,357	24,121
		Population Group	No Electric 10,000 to 49,999	No Electric 10,000 to 49,999	No Electric 10,000 to 49,999	No Electric 10,000 to 49,999	No Electric 10,000 to 49,999	No Electric 10,000 to 49,999
		Cash &Investments	$8,680,865	10,251,783	5,592,352	10,438,036	8,784,463	7,456,169
		Investment Earnings	411,605	2,515,311	2,220,660	198,707	64,119	77,547
		Tax Rate Equivalent	0.0143	0.0914	0.0845	0.0077	0.0029	0.0035
		Tax Rate Equivalent Group weighted average	0.0393	0.0523	0.0385	0.0208	0.0095	0.0163
		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	$2,870,324,182	2,753,074,015	2,627,132,417	2,575,256,651	2,192,980,729	2,201,249,453
		Tax Rate	0.3075	0.3075	0.3075	0.3075	0.3200	0.3200
		Tax Rate Group weighted average	0.4637	0.4775	0.4663	0.4680	0.4734	0.4794
		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	89.99	90.63	93.35	94.44	95.74	89.44
		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	$3,286,756,191	2,936,299,077	2,763,657,077	2,688,159,343	2,235,910,205	2,512,555,020
		EffectiveTax Rate	0.2685	0.2883	0.2923	0.2946	0.3139	0.2804
		Group weighted average Effective Tax Rate	0.4173	0.4328	0.4353	0.4419	0.4533	0.4288
		Statewide weighted average Effective Tax Rate	0.3765	0.3939	0.3987	0.4108	0.4209	0.4113
		Percent Collected	102.10	98.16	101.85	98.58	98.21	97.44
		Percent Collected Group weighted average	97.68	97.22	97.48	97.36	96.78	96.45
		Percent Collected Statewide	97.97	97.59	97.55	97.42	97.31	96.96
		Percent Collected Excluding Motor Vehicles	101.39	98.94	101.05	99.19	98.75	98.10
		Percent Collected Excluding Motor Vehicles Group weighted average	98.34	98.30	98.54	98.42	97.80	97.89
		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	108.73	91.14	108.84	92.00	92.56	91.11
		Percent Collected Motor Vehicles Only Group weighted average	87.09	86.15	87.32	86.80	87.01	86.48
		Percent Collected Motor Vehicles Only Statewide weighted average	86.74	86.71	86.80	87.31	87.62	86.69
		Tax Uncollected	(77,230)	159,596	(153,874)	113,192	135,713	173,866
		Tax Rate Equivalent	-0.0027	0.0058	-0.0059	0.0044	0.0062	0.0079
		Dominant County: Mecklenburg
	Debt Information
		Population Group	25,000 to 49,999	25,000 to 49,999	25,000 to 49,999	10,000 to 24,999	10,000 to 24,999	10,000 to 24,999
		Ratings:
		Fitch
		Moody's	Aa2	Aa2	Aa2	Aa2	Aa2	Aa2
		S & P	AA	AA	AA	AA		AA-

		General Obligation Debt (GO) where the taxing power of the entrire municipality is pledged to pay the obligation
		Enterprise GO Debt	$3,915,000	4,365,000	4,835,000	5,315,000	5,800,000	5,850,000
		General Government GO Debt	0	0	0	0	0	0
		Total General Obligation Debt	3,915,000	4,365,000	4,835,000	5,315,000	5,800,000	5,850,000
		Per Capita	$139	164	190	214	238	243
		Total Per Capita for the Population Group	247	243	283	190	219	#N/A
		Total Per Capita Statewide	456	478	495	505	548	#N/A
		Total per Assessed Valuation Adjusted for Current Year Sales	0.1191%	0.1487%	0.1749%	0.1977%	0.2594%	0.2328%
		Total per Assessed Valuation Adjusted for Current Year Sales- Group Average	0.2539%	0.2706%	0.3405%	0.2303%	0.2755%	#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	$10,000,000	10,000,000	10,000,000	10,500,000	1,300,000	1,300,000

		Installment Sales Purchases and Lease Obligations
		--Enterprise	$0	0	0	0	0	0
		--General Government	7,363,648	8,335,852	9,446,100	10,695,128	11,923,937	13,133,052
		Total*	$7,363,648	8,335,852	9,446,100	10,695,128	11,923,937	13,133,052
		* 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		28,072	26,554	25,442	24,879	24,357	24,121

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	286,078,934	291,597,793	295,823,247	298,764,522	301,615,798	299,588,761
1.5B	FISCAL	Governmental Activities Liabilities	12,837,931	14,292,854	15,334,974	16,827,385	18,525,486	20,077,702
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	8,708,026	8,285,100	8,011,859	7,571,151	7,522,504	6,936,081
11	TAX	Current collection of special tax districts
12	REVENUES	Prior years' levy collections	100,177	165,918	74,561	76,900
13		Penalties and interest	108,474	28,127	57,819	50,039	29,276	26,287
14		Collection of taxes previously written off
15		Animal tax
16		1% Local government sales and use tax	1,349,318	1,153,005	1,162,113	1,819,360	1,773,349	1,387,561
17		1/2% Local government sales and use taxes (Article 40)	352,124	336,336	323,232
18		1/2% Local government sales and use taxes (Article 42)	346,799	331,517	319,335
18.5		1/2% Local government sales and use taxes (Article 44)	439,172	416,472	462,009
19		Licenses Privilege					191,113	149,163
19.1		Privilege - Occupational & business licensing & permit taxes	227,676	216,910	179,941	148,567
19.2		Privilege -- All other privileges and pemits
20		General Municipal Vehicle Tax	111,253	105,102	103,629	99,017	86,415	97,734
21		Vehicle Tax for Public Transportation
22		Other licenses - Include CATV	276,039	260,388	263,832	258,395	243,859	227,900
23		Local occupancy tax	435,470	369,714	355,871	279,299	252,467	248,202
24		Prepared food tax	534,049	517,311	384,131	328,393	333,105	316,904
25		911 charges
26		Gross Receipts Tax on Short Term Vehicles Leases	160,561	43,090	37,044	37,407	39,815	26,259
27	FEDERAL	FEDERAL Payment in lieu of taxes
28	INTERGOV	Equitable sharing of Federally forfeited property	9,317				742
29	REVENUES	General government
30		Public safety
31		Transportation - Streets
32		Transportation - All other
33		Utility franchise tax
34		Housing/community development
35		All Other
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	6,056	21,787	3,323	1,156	8,439	27,161
41	REVENUES	Intangibles tax reimbursement + Transistional Hold Harmless Revenues
42		Wireless Enhanced 911 Service Charges
43		Piped Natural Gas Charge Distribution	182,353	198,114	196,146	204,450	211,131
44		Utility franchise tax	1,134,807	1,062,982	1,014,844	904,457	871,370	840,118
45		Beer and Wine tax	122,318	114,943	109,889	107,811	103,593	97,977
46		Powell Bill	843,663	727,130	728,654	720,418	645,619	687,293
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	13,678	18,556	1,983	14,130	25,220	11,326
53		Transportation - Streets					39,917	76,827
54		Transportation - All other		22,113	9,000	9,000	9,000	9,000
55		Environmental protection
56		Econ. & Phys. Dev. - Housing/Comm. Dev.
57		Econ. & Phys. Dev. - All Other		25,000	25,000	25,000	25,000	25,000
58		Human Services: Health, mental health, hospitals
59		All Other		5,000	5,000
60		Culture and recreation		58,750	6,750	8,500
61	LOCAL	LOCAL Payment in lieu of taxes
62	INTERGOV	General government
63	REVENUES	Public safety	189,637	221,752	230,570	204,508	216,524	159,834
64		Transportatin - Streets
65		Transportation - All other
66		Environmental protection	413,384	532,240	511,389	485,875	487,160	446,046
67		Economic and physical development
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
74	SALES &	Parking revenues
75	SERVICES	Rents and royalties	237,216	245,604	232,376	258,243	289,752
76		Airport
77		Fire protection charges
78		Solid waste
79		Ambulance and rescue squad charges
80		Cemeteries
81		Recreation service revenues	106,489	78,293	71,847	59,796	44,698	61,643
82		Library service revenues						270,240
83		Other cultural and recreational service revenues	358,067	287,132	204,412	180,203	166,543	102,168
84		Mass transit - city operated
85		Other sales and services	15,531	22,443	23,864	25,539	27,940	23,149
86	UTILITY	Water and sewer charges
87	REVENUES	Electric charges
88		Gas charges
88.1		Storm Water Fees
89	MISC.	On bond proceeds					2,164
90	REVENUES	On general and all other funds	411,605	2,515,311	2,220,660	198,707	64,119	77,547
91		Special assessments	1,565	3,142	1,457		11,634	2,748
92		Private contribution and donations	12,858	13,886	12,878	34,097	38,465	12,771
93		Sales of materials and fixed assets	44,374	5,039,820	12,047	150	28,888	5,880
94		Sales of real property
95		Nongovernment contributions for streets and traffic signals
96		Mixed drink surcharge					39,900	32,000
97		ABC profit distribution	44,094	31,875	42,500	40,000
98		Other miscellaneous revenues	66,210	160,928	92,026	47,004	144,882	65,002
99		Proceeds of the sale of bonds and notes	587,625	617,025	636,625	658,975	672,348	743,975
100		Proceeds of capital leases and installment purchases						77,542
101		Other	416,327	339,557	937,175	740,687	417,510	80,711
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	42,467	44,498	41,388	44,405	41,249	41,250
109B	GENERAL	Governing body - All other Direct	132,646	118,082	64,957	39,874	119,793	140,915
109C	GOVT	Governing body - Construction
109D		Governing body - Land, Equipment and Existing Structures
110A		Administration - Salaries	394,038	400,069	263,681	254,315	197,179	93,294
110B		Administration - All other Direct	149,201	139,175	137,270	85,605	176,068	69,898
110C		Administration - Construction
110D		Administration - Land, Equipment and Existing Structures
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	206,600	222,399	165,228	331,416	270,774	247,099
112B		Finance - All other Direct	225,536	191,916	180,082	264,229	358,878	344,592
112C		Finance - Construction
112D		Finance - Land, Equipment. and Existing Structures	1,573	2,243	3,000	101,641		6,073
113A		Taxes - Salaries
113B		Taxes - All other Direct
113C		Taxes - Construction
113D		Taxes - Land, Equipment, and Existing Structures
114A		Legal - Salaries
114B		Legal - All other Direct			77,194	82,897
114C		Legal - Construction
114D		Legal - Land, Equipment, and Existing Structures
115A		Public Buildings - Salaries
115B		Public Buildings - All other Direct					6,254
115C		Public Buildings - Construction
115D		Public Buildings - Land, Equipment, and Existing Structures
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	285,861	126,864	84,438
118B		General Government All Other - All other Direct	169,250	124,494	163,042
118C		General Government All Other - Construction
118D		General Government All Other - Land, Equipment, and Existing Structures	10,002	23,744	28,001
119A	PUBLIC	Police and Communications - Salaries	4,357,607	4,276,963	2,939,240	3,489,648	2,621,358	2,344,213
119B	SAFETY	Police and Communications - All other Direct	728,858	726,198	1,702,681	694,908	1,427,754	1,527,089
119C		Police and Communications - Construction
119D		Police and Communications - Land, Equipment and Existing Structures	265,188	425,874	422,291	276,335	323,916	224,674
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	339,020	330,488	141,749	11,505
122B		Fire - All other Direct	426,614	339,897	383,441	90,938	117,214	80,000
122C		Fire - Construction	88,764	88,764	88,764	88,764
122D		Fire - Land, Equipment, and Existing Structures	524,494	113,909	11,386	5,060
123A		Inspectors - Salaries
123B		Inspectors - All other Direct
123C		Inspectors - Construction
123D		Inspectors - Land, Equipment, and Existing Structures
124A		Rescue Units - Salaries	228,520	217,376	135,168	162,767	117,727	107,585
124B		Rescue Units - All other Direct	80,876	73,248	124,942	76,902	104,726	104,318
124C		Rescue Units - Construction				26,210
124D		Rescue Units - Land, Equipment, and Existing Structures	25,190	14,906	8,659	14,207	5,292	85,371
125A		Animal Control - Salaries	95,577	102,207	73,137	89,929	68,283	40,209
125B		Animal Control - All other Direct	29,677	15,881	41,137	17,528	37,775	31,449
125C		Animal Control - Construction
125D		Animal Control - Land, Equipment, and Existing Structures					3,489	19,691
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	345,268	336,199	229,450	271,585	206,094	359,425
128B		Streets and Highways - All other Direct	330,960	397,395	438,566	354,846	421,035	489,871
128C		Streets and Highways - Construction			60,000
128D		Streets and Highways - Land, Equipment and Existing Structures	19,579	104,373	28,514	19,936	7,159	5,491
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	613,011	689,020	405,501	586,822	391,490	326,775
130B		State Street Aid Allocation - Powell Bill - All other Direct	1,052,703	465,820	520,183	322,498	379,164	363,144
130C		State Street Aid Allocation - Powell Bill - Construction	523,247	125,451	619,007
130D		State Street Aid Allocation - Powell Bill - Land, Equipment, and Existing Structures	17,628			132,667	190,481	30,333
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	589,507	599,873	369,743	480,843	332,668	313,072
135B		Transportation - All Other - All other Direct	126,206	116,039	255,134	117,820	239,221	227,380
135C		Transportation - All Other - Construction
135D		Transportation - All Other - Land, Equipment, and Existing Structures	11,016	97,072	33,923	8,220	9,921	5,799
136A	ENVIRON	Solid Waste - Salaries
136B	MENTAL	Solid Waste - All other Direct	1,569,627	1,531,400	1,425,349	1,229,442	1,173,449	1,107,743
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	376,635	359,823	213,030	276,715	209,449	180,242
139B		Environmental Protection - All Other - All other Direct	181,238	118,115	229,941	115,090	244,988	187,862
139C		Environmental Protection - All Other - Construction
139D		Environmental Protection All Other - Land, Equipment, and Existing Structures	4,065	6,763	184,462	20,427	55,408	6,563
140A	ECONOMIC	Planning and Zoning - Salaries	392,078	363,492	255,841	279,947	201,296	192,934
140B	& PHYSICAL	Planning and Zoning - All other Direct	123,386	103,846	153,589	99,010	99,772	108,522
140C	DEVELOP	Planning and Zoning - Construction
140D		Planning and Zoning - Land, Equipment, and Existing Structures	4,000	4,000	430	6,306	1,214
141A		Economic Development - Salaries
141B		Economic Development - All other Direct			267,267	363,242	267,658	81,530
141C		Economic Development - Construction
141D		Economic Development - Land, Equipment, and Existing Structures
142A		Community Development - Salaries
142B		Community Development - All other Direct
142C		Community Development - Construction
142D		Community Development - Land, Equipment, and Existing Structures
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
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
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	260,060	230,133	94,256	70,655	62,209	60,828
153B	RECREATION	Recreation and Parks - All other Direct	247,627	250,844	198,966	143,761	141,242	140,010
153C		Recreation and Parks - Construction
153D		Recreation and Parks - Land, Equipment, and Existing Structures	1,069,119	1,347,380	4,116,517	21,293	15,672	20,392
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	65,656	29,663	11,355	11,469
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	257,740	229,038	133,687	174,482	86,424	61,813
157B		Human Services - All Other - All other Direct	359,750	290,513	248,929	178,561	211,269	136,520
157C		Human Services - All Other - Construction
157D		Human Services - All Other - Land, Equipment, and Existing Structures	10,288	18,015	9,929	1,500	141,246	11,685
158A	UTILITY	Water and Sewer - Salaries
158B		Water and Sewer - All other Direct				173,975
158C		Water and Sewer - Construction
158D		Water and Sewer - Land, Equipment, and Existing Structures				485,000
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				458,731
160.1C		Storm water contruction
160.1C		Storm water land, equipment and existing structures				1,112,636
161B	DEBT	Water and Sewer - Debt Service Interest Payments	137,625	147,025	156,625		304,287	341,389
161D	SERVICE	Water and Sewer - Debt Service Principal Payments	450,000	470,000	480,000		461,627	400,000
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	388,953	472,244	418,856		399,966	280,873
166D		All Other - Debt Service Principal Payments	1,069,206	2,610,497	1,357,300		1,283,153	1,604,459
167B	PENSION	Direct Benefit Program - Pension Fund operated by the Unit
168B	FRINGE	Fringe Benefits Unallocated - (B)
169B		Separation Allowance - Law Enforcement Officers -(B)	6,575	9,679	10,401	5,849	4,331	4,331
170B		Separation Allowance - Other Employees - (B)
171B		Supplemental Retirement Income Plan for Law Enforcement Officers - (B)				125,413	123,111	101,978
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	8,283,206	7,776,091	7,439,642	7,292,726	6,907,740	6,138,970
180	OTHER	Current Year Levy Motor Vehicles Only	886,182	874,444	859,995	672,395	661,220	644,878
181	DATA	Uncollected Taxes - Current Year's Levy - Excluding Motor Vehicles	-115,407	82,104	-77,891	59,399	86,527	116,516
182		Uncollected Taxes - Current Year's Levy - Motor Vehicles	-77,332	77,492	-75,983	53,793	49,186	57,350
183		Percentage of Taxes Collected - Current Year All Property	102.1	98.16	101.85	98.58	98.21	97.44
184		Percentage of Taxes Collected - Current Year - Excluding Motor Vehicles	101.39	98.94	101.05	99.19	98.75	98.10
185		Percentage of Taxes Collected - Current Year - Motor Vehicles	108.73	91.14	108.84	92.00	92.56	91.11
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	8,680,865	10,251,783	5,592,352	10,438,036	8,784,463	7,456,169
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	17,949,985	23,898,659	18,713,028	15,597,234	21,408,095	14,390,062
194B	FISCAL	Amounts - Subtract proceeds of refunding debt					5,926,124
194C	SUMMARY	Amounts - Subtract interfund transfers in	-416,327	-693,714	-352,763		417,510	1,038,013
194D		Amounts - Net Revenues per AFIR	18,366,312	24,592,373	19,065,791	15,597,234	15,064,461	13,352,049
		Calculated amount	18,366,312	24,592,373	19,065,791	15,597,234	15,064,461	13,352,049
		Amounts in AGREEMENT??	Yes	Yes	Yes	Yes	Yes	Yes
		Difference
195A		Amounts - Total Expenditures and other financing sources per audit	18,993,985	18,949,193	19,854,864	13,897,824	20,000,091	13,696,697
195B		Amounts - Subtract payments to refunding debt escrow agent					5,919,848
195C		Amounts - Subtract interfund transfers out	-416,327	-693,714	-352,763		417,510	1,038,013
195D		Amounts Net Expenditures per AFIR	19,410,312	19,642,907	20,207,627	13,897,824	13,662,733	12,658,684
		Calculated amount	19,410,312	19,642,907	20,207,627	13,897,824	13,662,733	12,658,684
		Amounts in AGREEMENT??	Yes	Yes	Yes	Yes	Yes	Yes
		Difference

	PART 10

950		Name of Official Signatory	Christine Surratt
951		Title of Official	Finance Director
952		Date Certified	01/14/2009	04/25/2008	12/19/2006
953		Person to Contact	Lindsey Outen
954		Title of Person to Contact	Finance Specialist
955		Telephone Number	704-847-4411 x240
956		Facsimile Number	704-845-1964

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 %	54.01%	59.59%	19.04%	43.95%	35.45%
Group average FBA %	36.30%	37.21%	38.05%	40.44%	43.40%
State average Electric/Non Electric Group FBA %	36.42%	36.90%	36.51%	37.14%	36.47%
State average FBA %	36.35%	36.76%	36.30%	36.37%	36.20%

Municipal Population Group: No Electric 10,000 to 49,999

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2004 2005 2006 2007 2008

Municipality 98.21% 98.58% 101.85% 98.16% 102.10%

Pop. Group 96.78% 97.36% 97.48% 97.22% 97.68%

Statewide 97.31% 97.42% 97.55% 97.59% 97.97%

Municipal Population Group: No Electric 10,000 to 49,999

	2004	2005	2006	2007	2008
Municipality	98.21%	98.58%	101.85%	98.16%	102.10%
Pop. Group	96.78%	97.36%	97.48%	97.22%	97.68%
Statewide	97.31%	97.42%	97.55%	97.59%	97.97%

Municipal Population Group: No Electric 10,000 to 49,999

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2004 2005 2006 2007 2008

Municipality 238 214 190 164 139

Pop. Group 219 190 283 243 247

Statewide 548 505 495 478 456

Municipal Population Group: 25,000 to 49,999

	2004	2005	2006	2007	2008
Municipality	238	214	190	164	139
Pop. Group	219	190	283	243	247
Statewide	548	505	495	478	456

Municipal Population Group: 25,000 to 49,999

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2004 2005 2006 2007 2008

Property Tax $310 309 320 319 318

Utility 0 0 0 0 0

Sales Tax 71 74 88 85 87

Sales & Services 22 21 21 24 26

Intergovernmental 109 108 112 113 104

Debt Proceeds 28 26 25 23 21

Other Miscellaneous 78 89 183 362 98

Total $618 627 749 926 654

	2004	2005	2006	2007	2008
Property Tax	$310	309	320	319	318
Utility	0	0	0	0	0
Sales Tax	71	74	88	85	87
Sales & Services	22	21	21	24	26
Intergovernmental	109	108	112	113	104
Debt Proceeds	28	26	25	23	21
Other Miscellaneous	78	89	183	362	98
Total	$618	627	749	926	654

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2008
2008

Category Revenue
Per Capita

Property Tax $8,916,677
$318

Water/Sewer 0
0

Electric 0
0

Utility 0
0

Sales Tax 2,487,413
87

Sales & Services 717,303
26

Intergovernment 2,915,213
104

Debt Proceeds 587,625
21

Miscellaneous 2,742,081
98

Total $18,366,312
$654

Municipal Population Group: No Electric 10,000 to 49,999

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2008
2008

Category Expenditures
Per Capita

General Government $1,617,174
$58

Water/Sewer 0
0

Electric 0
0

Utilities 0
0

Debt Service 2,045,784
73

Transportation 3,629,125
129

Public Safety 7,196,960
256

Other 4,921,269
175

Total $19,410,312
$691

Municipal Population Group: No Electric 10,000 to 49,999

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2008
2008

Category Expenditures
Per Capita

Salaries & Wages $8,783,989
$313

Water/Sewer Capital 0
0

Electric Capital 0
0

Capital Outlay 2,574,153
92

Other Operating 8,052,170
286

Total $19,410,312
$691

Municipal Population Group: No Electric 10,000 to 49,999

Last Updated 8/27/2009 7:41:08 AM



	2008	2008
Category	Revenue	Per Capita
Property Tax	$8,916,677	$318
Water/Sewer	0	0
Electric	0	0
Utility	0	0
Sales Tax	2,487,413	87
Sales & Services	717,303	26
Intergovernment	2,915,213	104
Debt Proceeds	587,625	21
Miscellaneous	2,742,081	98
Total	$18,366,312	$654

Municipal Population Group: No Electric 10,000 to 49,999

North CarolinaDepartment of State TreasurerFinancial InformationTown of Matthews

Financial Graphs and Comparisons

North Carolina
Department of State Treasurer
Financial Information
Town of Matthews