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			2011	2010	2009	2008	2007	2006
	Revenues by Source
		Property Tax	$10,064,106	9,984,571	9,720,373	8,916,677	8,479,145	8,144,239
		Utility	10,960	8,908	12,561	15,531	22,443	23,864
		Sales Tax	1,987,038	1,889,903	1,695,401	2,487,413	2,237,330	2,266,689
		Sales & Services	598,387	692,574	666,197	701,772	611,029	508,635
		Intergovernmental	3,402,770	3,643,579	3,587,567	3,075,774	3,051,457	2,879,592
		Debt Proceeds	713,957	654,445	687,437	653,835	777,953	728,651
		Other Miscellaneous	3,133,262	3,301,074	9,571,106	2,098,983	9,073,459	3,576,946
		Total	$19,910,480	20,175,054	25,940,642	17,949,985	24,252,816	18,128,616

	Expenditures by Function
		Utility	$0	-	-	-	-	-
		Debt Service	2,150,827	2,051,627	9,612,150	2,045,784	3,699,766	2,412,781
		Transportation	2,583,982	4,365,325	3,183,640	3,629,125	2,931,242	2,960,021
		General Government	1,994,694	1,836,026	1,623,995	1,617,174	1,393,484	1,208,281
		Public Safety	7,955,995	7,237,761	6,985,289	7,196,960	6,735,390	6,082,996
		Other	5,906,176	4,874,608	4,163,763	4,921,269	4,883,025	7,543,548
		Total	$20,591,674	20,365,347	25,568,837	19,410,312	19,642,907	20,207,627

	Expenditures by Object
		Salaries & Wages	$9,354,873	9,385,363	9,291,842	8,783,989	8,528,442	5,545,537
		Capital Outlay	2,935,868	3,451,902	1,401,907	2,574,153	2,372,494	5,614,883
		Other Operating + Debt Service	8,300,933	7,528,082	14,875,088	8,052,170	8,741,971	9,047,207
		Total	$20,591,674	20,365,347	25,568,837	19,410,312	19,642,907	20,207,627


	Per Capita Revenues by Source
		Property Tax	$368	342	339	318	319	320
		Utility	-	-	-	1	1	1
		Sales Tax	73	65	61	87	84	89
		Sales & Services	22	24	23	25	23	20
		Intergovernmental	125	125	125	110	115	113
		Debt Proceeds	26	22	24	23	29	29
		Other Miscellaneous	115	113	334	75	342	141
		Total	$729	691	906	639	913	713

	Per Capita Expenditures by Function
		Utility	$0	-	-	-	-	-
		Debt Service	79	70	336	73	139	95
		Transportation	95	149	111	129	110	116
		General Government	73	63	57	58	53	48
		Public Safety	291	248	244	256	254	239
		Other	216	167	145	175	184	296
		Total	$754	697	893	691	740	794

	Per Capita Expenditures by Object
		Salaries & Wages	$342	321	325	313	321	218
		Capital Outlay	107	118	49	92	89	221
		Other Operating	305	258	519	286	330	355
		Total	$754	697	893	691	740	794

	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	43	42	41	38	34	32
		Average Population In Group	19,559	19,501	19,477	20,391	20,926	20,968
		Town of Matthews Population	27,326	29,209	28,634	28,072	26,554	25,442
	Group Average Per Capita Revenues by Source
		Property Tax	415	427	408	403	387	370
		Utility	290	300	285	320	314	312
		Sales Tax	122	121	135	159	156	150
		Sales & Services	59	61	60	73	73	71
		Intergovernmental	152	151	146	153	142	152
		Debt Proceeds	163	83	80	187	76	19
		Other Miscellaneous	142	94	194	174	213	154
		Total	1,343	1,237	1,308	1,469	1,361	1,228

	Group Average Per Capita Expenditures by Function
		Utility	256	257	292	270	291	263
		Debt Service	155	141	140	137	126	136
		Transportation	112	118	145	128	125	129
		General Government	135	150	144	229	139	144
		Public Safety	320	336	325	327	320	313
		Other	258	235	235	253	261	229
		Total	1,236	1,237	1,281	1,344	1,262	1,214

	Group Average Per Capita Expenditures by Object
		Salaries & Wages	441	459	448	455	445	434
		Capital Outlay	193	186	261	292	247	214
		Other Operating	601	591	571	596	569	565
		Total	1,235	1,236	1,280	1,343	1,261	1,213


General Fund Go to top of page			2011	2010	2009	2008	2007	2006
	General Fund revenues		$17,306,725	17,057,370	17,538,364	16,812,617	16,209,908	15,408,368
	General Fund expenditures		17,063,072	16,948,525	24,727,414	18,462,310	18,891,729	19,646,451
	Operating transfers in		691,335	708,875	408,112	416,327	339,557	224,913
	Operating transfers out		476,275	676,363	809,198	-	693,714	127,850
	Capital leases and installment purchase proceeds		-	251,282	7,673,204	44,374	2,071,000	-
	Other items		5,364	-	-	-	5,039,820	-
	Excess of revenues and other sources over (under) expenditures and other uses		464,077	392,639	83,068	(1,188,992)	4,074,842	(4,141,020)

	Fund balance available (FBA):
		In dollars	$0	6,275,337	6,354,516	6,529,721	7,697,245	3,765,287
		FBA as a % of GF Net Expenditures:
		Unit's FBA %	0.00	36.12	35.57	35.45	43.95	19.04
		Group weighted average FBA %	33.33	44.27	41.08	43.40	40.44	38.05
		State weighted average Non-Electric Group	26.68	38.71	37.89	36.66	37.39	37.38
		State weighted average FBA %	29.01	37.47	37.03	36.35	36.54	36.96


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			2011	2010	2009	2008	2007	2006

		Population at July 1st of the Previous Year	27,326	29,209	28,634	28,072	26,554	25,442
		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	$9,096,892	$9,614,152	$9,119,959	$8,680,865	$10,251,783	$5,592,352
		Investment Earnings	1,253,184	1,371,646	7,787,486	411,605	2,515,311	2,220,660
		Tax Rate Equivalent	0.0420	0.0461	0.2658	0.0143	0.0914	0.0845
		Tax Rate Equivalent Group weighted average	0.0053	0.0094	0.0262	0.0393	0.0523	0.0385
		Tax Rate Equivalent Statewide weighted average	0.0156	0.0247	0.0133	0.0524	0.0920	0.0573
		Latest year of Revaluation	2003	2003	2003	2003	2003	2003
		January 1, Prior Year Assessed Valuation	$2,984,539,213	2,974,880,532	2,929,967,846	2,870,324,182	2,753,074,015	2,627,132,417
		Tax Rate	0.3325	0.3325	0.3325	0.3075	0.3075	0.3075
		Tax Rate Group weighted average	0.4199	0.4256	0.4335	0.4564	0.4754	0.4663
		Tax Rate State Wide	0.4122	0.4090	0.4262	0.4238	0.4450	0.4321
		Assessment -to-Sales Ratio	96.00	88.93	82.90	87.33	93.76	95.06
		Assessment -to-Sales Ratio Group weighted average	101.54	98.47	92.44	89.99	90.63	93.35
		Assessment -to-Sales Ratio Statewide	101.47	98.27	90.81	88.53	88.41	92.28
		Assessed Valuation Adjusted for Assesment to Sales Ratio	$3,108,895,014	3,345,193,447	3,534,339,983	3,286,756,191	2,936,299,077	2,763,657,077
		EffectiveTax Rate	0.3192	0.2957	0.2756	0.2685	0.2883	0.2923
		Group weighted average Effective Tax Rate	0.4263	0.4191	0.4007	0.4107	0.4309	0.4353
		Statewide weighted average Effective Tax Rate	0.4183	0.4020	0.3870	0.3752	0.3934	0.3987
		Percent Collected	102.1600	102.1900	97.6900	102.1000	98.1600	101.8500
		Percent Collected Group weighted average	97.10	96.95	96.99	97.39	97.23	97.48
		Percent Collected Statewide	97.59	97.36	97.34	97.56	97.58	97.55
		Percent Collected Excluding Motor Vehicles	101.46	101.31	98.50	101.39	98.94	101.05
		Percent Collected Excluding Motor Vehicles Group weighted average	97.88	97.66	97.83	98.34	98.30	98.54
		Percent Collected Excluding Motor Vehicles Statewide weighted average	98.35	98.23	98.30	98.65	98.59	98.61
		Percent Collected Motor Vehicles Only	108.42	109.81	90.56	108.73	91.14	108.84
		Percent Collected Motor Vehicles Only Group weighted average	87.46	87.44	86.51	87.09	86.15	87.32
		Percent Collected Motor Vehicles Only Statewide weighted average	87.28	86.34	86.55	86.74	86.71	86.80
		Tax Uncollected	907,435	937,220	1,153,773	770,775	956,548	782,104
		Tax Rate Equivalent	0.0304	0.0315	0.0394	0.0269	0.0347	0.0298
		Dominant County: Mecklenburg
	Debt Information
		Population Group	25,000 to 49,999	25,000 to 49,999	25,000 to 49,999	25,000 to 49,999	25,000 to 49,999	25,000 to 49,999
		Ratings:
		Fitch
		Moody's	Aa1	Aa1	Aa2	Aa2	Aa2	Aa2
		S & P	AA	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	$2,625,000	3,045,000	3,475,000	3,915,000	4,365,000	4,835,000
		General Government GO Debt	0	0	0	0	0	0
		Total General Obligation Debt	2,625,000	3,045,000	3,475,000	3,915,000	4,365,000	4,835,000
		Per Capita	$96	104	121	139	164	190
		Total Per Capita for the Population Group	232	220	221	247	243	283
		Total Per Capita Statewide	450	449	455	456	478	495
		Total per Assessed Valuation Adjusted for Current Year Sales	0.0844%	0.0910%	0.0983%	0.1191%	0.1487%	0.1749%
		Total per Assessed Valuation Adjusted for Current Year Sales- Group Average	0.2405%	0.2139%	0.2012%	0.2539%	0.2706%	0.3405%
		Total per Assessed Valuation Adjusted for Current Year Sales - Statewide	0.4280%	0.4134%	0.3909%	0.4132%	0.4706%	0.5275%
		Total Authorized but not Issued General Obligation Debt	$10,000,000	10,000,000	10,000,000	10,000,000	10,000,000	10,000,000

		Installment Sales Purchases and Lease Obligations
		--Enterprise	$0	0	0	0	0	0
		--General Government	6,623,963	7,498,622	7,003,257	7,363,648	8,335,852	9,446,100
		Total*	$6,623,963	7,498,622	7,003,257	7,363,648	8,335,852	9,446,100
		* 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	2011	2010	2009	2008	2007	2006
	Population at July 1st of the Previous Year Adjusted for Boundry Changes		27,326	29,209	28,634	28,072	26,554	25,442

1.5A	FISCAL	Governmental Activities Assets	274,292,980	278,090,565	283,081,473	286,078,934	291,597,793	295,823,247
1.5B	SUMMARY	Governmental Activities Liabilities	11,804,739	12,188,999	12,338,174	12,837,931	14,292,854	15,334,974
3.5A		Business Type Activities Assets
3.5B		Business Type Activities Liabilties
6.5A		Fiduciary Funds Assets
6.5B		Fiduciary Funds Liabilties
10.0	PART 2	Current Collections of Unit -Wide Levy	9,754,358	9,681,848	9,462,935	8,708,026	8,285,100	8,011,859
11.0	TAX	Current Collections of Special Tax Districts
12.0	REVENUES	Prior Years' Levy Collections	231,584	249,342	218,034	100,177	165,918	74,561
13.0		Penalties and Interest	78,164	53,381	39,404	108,474	28,127	57,819
14.0		Collections of Taxes Previously Written Off
15.0		Animal Tax
15.1		Solid Waste Disposal Tax
16.0		1% Local Government Option Sales Tax	1,197,755	1,113,954	587,968	1,349,318	1,153,005	1,162,113
17.0		1/2% Local Government Option Sales Tax (40)	332,199	303,716	385,383	352,124	336,336	323,232
18.0		1/2% Local Government Option Sales Tax (42)	476,747	414,960	382,326	346,799	331,517	319,335
18.5		1/2% Local Government Option Sales Tax (44)	-19,663	57,273	339,724	439,172	416,472	462,009
19.0		Privilege Licenses	179,787	170,800	212,706	227,676	216,910	179,941
19.2		Privilege -- All other privileges and pemits
20.0		Auto Licenses	298,156	314,612	240,959	111,253	105,102	103,629
21.0		Vehicle Tax for Public Transportation
22.0		Other Licenses	272,027	272,409	347,806	276,039	260,388	263,832
23.0		Local Occupancy Tax	337,262	327,633	337,498	435,470	369,714	355,871
24.0		Prepared Food Tax	544,416	528,535	539,821	534,049	517,311	384,131
25.0		911 Charges
26.0		Gross Short Term lease and Rental Tax	113,607	86,737	155,779	160,561	43,090	37,044
27.0	FEDERAL	Payments In Lieu of Taxes - Federal
28.0	INTERGOV	Equitable Sharing of Fed. Forfeited Prop.	562	1,075	18,934	9,317
29.0	REVENUES	General Government
30.0		Public Safety
31.0		Transportation - Streets
32.0		Transportation - All Other
33.0		Environmental Protection
34.0		Econ. & Phys. Dev. - Housing/Comm. Dev.
35.0		Econ. & Phys. Dev. - All Other
36.0		Human Services: Health, Mental Hlt & Hosp
37.0		Human Services: All Other
38.0		Culture & Recreation
39.0	STATE	Payments In Lieu of Taxes - State
40.0	INTERGOV	Unauthorized Substance Tax	6,228	3,410	6,671	6,056	21,787	3,323
41.0	REVENUES	Transitional Hold Harmless
42.0		Wireless Enhanced 911 Service Charges
42.1		Emergency Telephone Services Fund (ETSF) Revenues (Do not include interest)
42.2		ETSF Interest Income
43.0		Piped Natural Gas Charge Distribution	212,104	222,312	229,897	182,353	198,114	196,146
44.0		Utility Franchise Tax	1,208,246	1,196,485	1,443,018	1,134,807	1,062,982	1,014,844
45.0		Beer and Wine Tax	128,735	40,840	126,071	122,318	114,943	109,889
46.0		Powell Bill	719,541	705,182	785,619	843,663	727,130	728,654
50.0		Court Fees - Facilities and Arrest Fees
51.0		General Government	2,500
52.0		Public Safety	2,646	46,046	5,644	13,678	18,556	1,983
53.0		Transportation - Streets
54.0		Transportation - All Other	15,000	20,000			22,113	9,000
55.0		Environmental Protection
56.0		Econ. & Phys. Dev. - Housing/Community Dev
57.0		Econ. & Phys. Dev. - All Other					25,000	25,000
58.0		Human Services -Health, Mental Health, Hosp
59.0		Human Services - All Other		3,000	2,500		5,000	5,000
60.0		Culture and Recreation					58,750	6,750
61.0	LOCAL	Payments in Lieu of Taxes - Local
62.0	INTERGOV	General Government
63.0	REVENUES	Public Safety	411,229	203,981	205,918	189,637	221,752	230,570
64.0		Transportation - Streets		550,000
65.0		Transportation - All Other	5,308
66.0		Environmental Protection	577,064	564,511	607,516	413,384	532,240	511,389
67.0		Economic and Physical Development
68.0		Human Services - Health, Mental Hlt & Hosp
69.0		Human Services - All Other
70.0		Culture and Recreation	176,131
71.0	PERMITS	Building Permits
72.0	& FEES	Inspection Fees
72.1		Amusements licensing and permit taxes
73.0		Other Permits
74.0	SALES &	Parking Revenues
75.0	SERVICES	Rents and Royalties	20,859	220,892	210,692	237,216	245,604	232,376
76.0		Airport
77.0		Fire Protection Charges
78.0		Solid Waste	19,800	15,160	13,065
79.0		Ambulance and Rescue Squad Charges
80.0		Cemeteries
81.0		Recreation Service Revenues	135,995	97,766	101,024	106,489	78,293	71,847
82.0		Library Service Revenues
83.0		Other Cultural and Rec Service Revenues	421,733	358,756	341,416	358,067	287,132	204,412
84.0		Mass Transit - City Operated
85.0		Other Sales and Services	10,960	8,908	12,561	15,531	22,443	23,864
86.0	UTILITY	Water and Sewer Charges
87.0	REVENUES	Electric Charges
88.0		Gas Charges
88.1		Storm Water Fees
89.0	MISC.	Investment Earnings - Bond Proceeds
90.0	REVENUES	Investment Earnings - All Other Funds	1,253,184	1,371,646	7,787,486	411,605	2,515,311	2,220,660
91.0		Special Assessments	1,480	200	1,996	1,565	3,142	1,457
92.0		Private Contributions and Donations	10,195	11,325	20,230	12,858	13,886	12,878
93.0		Sales of Materials and Fixed Assets	5,364	251,282	698	44,374	5,039,820	12,047
94.0		Sale of Real Property
95.0		Nongovt Contr For Streets & Traffic Signals
96.0		ABC Mixed Drink Surcharge
97.0		ABC Profit Distribution	55,260	52,632	81,906	44,094	31,875	42,500
98.0		Other Miscellaneous Revenues	191,482	109,070	121,062	66,210	160,928	92,026
99.0		Proceeds of Sale of Bonds and Notes	522,475	545,375	566,375	587,625	617,025	636,625
100.0		Proceeds of Capital Leases/Install Purchases
101.0		Other	691,335	676,363	408,112	416,327	339,557	937,175
102.0	NON-REV	School - Current Levy Collections
103.0	RECEIPTS	Prior Years' Levy Collections
104.0		Tax Collections for Other Units
105.0		Utilities Customer's Deposits
106.0		Deposits Other than Utility
107.0		Prepaid Taxes
108.0		Prepaid Privilege Licenses
109A	PART 4	Governing Body - Salaries & Wages	44,980	44,948	44,941	42,467	44,498	41,388
109B	GENERAL	Governing Body - Other Direct	124,435	110,751	127,075	132,646	118,082	64,957
109C	GOVT	Governing Body - Construction
109D		Governing Body - Purchase of P,P&E
110A		Administration - Salaries & Wages	434,672	428,660	374,648	394,038	400,069	263,681
110B		Administration - Other Direct	72,702	82,534	73,840	149,201	139,175	137,270
110C		Administration - Construction
110D		Administration - Purchase of P,P&E
111A		Elections - Salaries & Wages
111B		Elections - Other Direct
111C		Elections - Construction
111D		Elections - Purchase of P,P&E
112A		Finance - Salaries & Wages	233,509	226,821	228,760	206,600	222,399	165,228
112B		Finance - Other Direct	194,062	169,521	204,103	225,536	191,916	180,082
112C		Finance - Construction
112D		Finance - Purchase of P,P&E			11,950	1,573	2,243	3,000
113A		Taxes - Salaries & Wages
113B		Taxes - Other Direct
113C		Taxes - Construction
113D		Taxes - Purchase of P,P&E
114A		Legal - Salaries & Wages
114B		Legal - Other Direct						77,194
114C		Legal - Construction
114D		Legal - Purchase of P,P&E
115A		Public Buildings - Salaries & Wages
115B		Public Buildings - Other Direct
115C		Public Buildings - Construction
115D		Public Buildings - Purchase of P,P&E
116A		Court Facilities - Salaries & Wages
116B		Court Facilities - Other Direct
116C		Court Facilities - Construction
116D		Court Facilities - Purchase of P,P&E
117A		Central Services - Salaries & Wages
117B		Central Services - Other Direct
117C		Central Services - Construction
117D		Central Services - Purchase of P,P&E
118A		Gen. Govt. All Other - Salaries & Wages	611,708	496,446	374,744	285,861	126,864	84,438
118B		Gen. Govt. All Other - Other Direct	264,257	263,119	165,545	169,250	124,494	163,042
118C		Gen. Govt. All Other - Construction
118D		Gen. Govt. All Other - Purchase of P,P&E	14,369	13,226	18,389	10,002	23,744	28,001
119A	PUBLIC	Police & Comm - Traffic Control - Salaries and Wages	4,572,785	4,535,995	4,550,823	4,357,607	4,276,963	2,939,240
119B	SAFETY	Police & Comm - Traffic Control - Other Direct	799,280	693,574	736,743	728,858	726,198	1,702,681
119C		Police & Comm - Traffic Control - Construction
119D		Police & Comm - Traffic Control - Purchase of P,P&E	296,014	351,242	397,489	265,188	425,874	422,291
120A		Emergency Communications - Salaries & Wages
120B		Emergency Communications - Other Direct
120C		Emergency Communications - Construction
120D		Emergency Communications - Purchase of P,P&E
120B		Emergency Telephone Service Fund (ETSF) Expenditures - Operating
120C		ETSF Expenditures - Capital Construction
120D		ETSF Expenditures - Capital Purchases
121A		Emergency Mgmt - Salaries & Wages
121B		Emergency Mgmt - Other Direct
121C		Emergency Mgmt - Construction
121D		Emergency Mgmt - Purchase of P,P&E
122A		Fire - Salaries & Wages	682,951	740,006	734,850	339,020	330,488	141,749
122B		Fire - Other Direct	490,457	453,647	437,079	426,614	339,897	383,441
122C		Fire - Construction	323,510	46,894	35,600	88,764	88,764	88,764
122D		Fire - Purchase of P,P&E	673,501	314,949		524,494	113,909	11,386
123A		Inspectors - Salaries & Wages
123B		Inspectors - Other Direct
123C		Inspectors - Construction
123D		Inspectors - Purchase of P,P&E
124A		Rescue Units - Salaries & Wages				228,520	217,376	135,168
124B		Rescue Units - Other Direct				80,876	73,248	124,942
124C		Rescue Units - Construction
124D		Rescue Units - Purchase of P,P&E				25,190	14,906	8,659
125A		Animal Control - Salaries & Wages	49,678	48,934	37,915	95,577	102,207	73,137
125B		Animal Control - Other Direct	20,974	31,855	38,629	29,677	15,881	41,137
125C		Animal Control - Construction
125D		Animal Control - Purchase of P,P&E	26,180
126A		Pub. Safety All Other - Salaries & Wages
126B		Pub. Safety All Other - Other Direct
126C		Pub. Safety All Other - Construction
126D		Pub. Safety All Other - Purchase of P,P&E
127A	TRANSPOR	Traffic Engineering - Salaries & Wages
127B	TATION	Traffic Engineering - Other Direct
127C		Traffic Engineering - Construction
127D		Traffic Engineering - Purchase of P,P&E
128A		Streets and Highways - Salaries & Wages	301,050	362,654	365,238	345,268	336,199	229,450
128B		Streets and Highways - Other Direct	331,879	341,750	339,321	330,960	397,395	438,566
128C		Streets and Highways - Construction	132,804	1,234,592				60,000
128D		Streets and Highways - Purchase of P,P&E	5,247	282,788	22,067	19,579	104,373	28,514
129A		Street Cleaning - Salaries & Wages
129B		Street Cleaning - Other Direct
129C		Street Cleaning - Construction
129D		Street Cleaning - Purchase of P,P&E
130A		Powell Bill - Salaries & Wages	512,138	486,126	585,808	613,011	689,020	405,501
130B		Powell Bill - Other Direct	517,179	429,412	317,432	1,052,703	465,820	520,183
130C		Powell Bill - Construction	61,767	455,764	736,967	523,247	125,451	619,007
130D		Powell Bill - Purchase of P,P&E	12,078	62,104	54,951	17,628
131A		Parking Facilities - Salaries & Wages
131B		Parking Facilities - Other Direct
131C		Parking Facilities - Construction
131D		Parking Facilities - Purchase of P,P&E
132A		Mass Transit - City - Salaries & Wages
132B		Mass Transit - City - Other Direct
132C		Mass Transit - City - Construction
132D		Mass Transit - City - Purchase of P,P&E
133B		Mass Transit - Private - Other Direct
134A		Airport - Salaries & Wages
134B		Airport - Other Direct
134C		Airport - Construction
134D		Airport - Purchase of P,P&E
135A		Transpor. All Other - Salaries & Wages	581,784	611,681	628,062	589,507	599,873	369,743
135B		Transpor. All Other - Other Direct	128,056	89,955	125,795	126,206	116,039	255,134
135C		Transpor. All Other - Construction
135D		Transpor. All Other - Purchase of P,P&E		8,499	7,999	11,016	97,072	33,923
136A	ENVIRON	Solid Waste - Salaries & Wages
136B	MENTAL	Solid Waste - Other Direct	1,817,214	1,747,388	1,790,139	1,569,627	1,531,400	1,425,349
136C	PROTECTION	Solid Waste - Construction
136D		Solid Waste - Purchase of P,P&E
137A		Drainage & Watershed - Salaries & Wages
137B		Drainage & Watershed - Other Direct
137C		Drainage & Watershed - Construction
137D		Drainage & Watershed - Purchase of P,P&E
138A		Cemeteries - Salaries & Wages
138B		Cemeteries - Other Direct
138C		Cemeteries - Construction
138D		Cemeteries - Purchase of P,P&E
139A		Environ. All Other - Salaries & Wages	374,610	383,461	397,394	376,635	359,823	213,030
139B		Environ. All Other - Other Direct	234,518	157,065	189,266	181,238	118,115	229,941
139C		Environ. All Other - Construction
139D		Environ. All Other - Purchase of P,P&E				4,065	6,763	184,462
140A	ECONOMIC	Planning & Zoning - Salaries & Wages	362,668	405,193	397,004	392,078	363,492	255,841
140B	& PHYSICAL	Planning & Zoning - Other Direct	27,838	23,126	41,050	123,386	103,846	153,589
140C	DEVELOP	Planning & Zoning - Construction
140D		Planning & Zoning - Purchase of P,P&E		139,407	86,612	4,000	4,000	430
141A		Economic Development - Salaries & Wages
141B		Economic Development - Other Direct	23,413	59,311	18,484			267,267
141C		Economic Development - Construction
141D		Economic Development - Purchase of P,P&E
142A		Community Development - Salaries & Wages
142B		Community Development - Other Direct
142C		Community Development - Construction
142D		Community Development - Purchase of P,P&E
143A		Housing & Urban Renewal - Salaries & Wages
143B		Housing & Urban Renewal - Other Direct
143C		Housing & Urban Renewal - Construction
143D		Housing & Urban Renewal - Purchase of P,P&E
144A		Special Empl Programs - Salaries & Wages
144B		Special Empl Programs - Other Direct
144C		Special Empl Programs - Construction
144D		Special Empl Programs - Purchase of P,P&E
145A		Econ. Dev. All Other - Salaries & Wages
145B		Econ. Dev. All Other - Other Direct
145C		Econ. Dev. All Other - Construction
145D		Econ. Dev. All Other - Purchase of P,P&E
146A	HUMAN	Health - Salaries & Wages
146B	SERVICES	Health - Other Direct
146C		Health - Construction
146D		Health - Purchase of P,P&E
147A		Mental Health - Salaries & Wages
147B		Mental Health - Other Direct
147C		Mental Health - Construction
147D		Mental Health - Purchase of P,P&E
148A		Social Services - Salaries & Wages
148B		Social Services - Other Direct
148C		Social Services - Construction
148D		Social Services - Purchase of P,P&E
149B		Hospital-City - Other Direct
150B		Hospital-Private - Other Direct
151A		Legal Aid - Salaries & Wages
151B		Legal Aid - Other Direct
151C		Legal Aid - Construction
151D		Legal Aid - Purchase of P,P&E
152A		Human Serv. All Other - Salaries & Wages
152B		Human Serv. All Other - Other Direct
152C		Human Serv. All Other - Construction
152D		Human Serv. All Other - Purchase of P,P&E
153A	CULTURE	Recreation & Parks - Salaries & Wages	221,855	247,872	236,155	260,060	230,133	94,256
153B	RECREATION	Recreation & Parks - Other Direct	217,936	242,446	217,784	247,627	250,844	198,966
153C		Recreation & Parks - Construction	20,845	7,850
153D		Recreation & Parks - Purchase of P,P&E	1,369,553	534,587	29,883	1,069,119	1,347,380	4,116,517
154A		Coliseum - Salaries & Wages
154B		Coliseum - Other Direct		28,076
154C		Coliseum - Construction
154D		Coliseum - Purchase of P,P&E
155A		Museums - Salaries & Wages
155B		Museums - Other Direct	37,330	10,844	36,824	65,656	29,663	11,355
155C		Museums - Construction
155D		Museums - Purchase of P,P&E
156A		Libraries - Salaries & Wages
156B		Libraries - Other Direct
156C		Libraries - Construction
156D		Libraries - Purchase of P,P&E
157A		Cult. & Recr. All Other - Salaries & Wages	370,485	366,566	335,500	257,740	229,038	133,687
157B		Cult. & Recr. All Other - Other Direct	827,911	521,416	387,668	359,750	290,513	248,929
157C		Cult. & Recr. All Other - Construction
157D		Cult. & Recr. All Other - Purchase of P,P&E				10,288	18,015	9,929
158A	UTILITY	Water & Sewer - Salaries & Wages
158B		Water & Sewer - Other Direct
158C		Water & Sewer - Construction
158D		Water & Sewer - Purchase of P,P&E
159A		Electric Power - Salaries & Wages
159B		Electric Power - Other Direct
159C		Electric Power - Construction
159D		Electric Power - Purchase of P,P&E
160A		Natural Gas - Salaries & Wages
160B		Natural Gas - Other Direct
160C		Natural Gas - Construction
160D		Natural Gas - Purchase of P,P&E
161.1A		Storm Water - Salaries & Wages
161.1B		Storm Water - Other Direct
161.1C		Storm Water - Construction
161.1D		Storm Water - Purchase of P,P&E
161B	DEBT	Water & Sewer - Interest & Fees		115,375	126,375	137,625	147,025	156,625
161D	SERVICE	Water & Sewer - Principal		430,000	440,000	450,000	470,000	480,000
162B		Electric - Interest & Fees
162D		Electric - Principal
163B		Gas - Interest & Fees
163D		Gas - Principal
164B		School - Interest & Fees
164D		School - Principal
165B		Hospital - Interest & Fees
165D		Hospital - Principal
166B		All Other - Interest & Fees	384,702	253,901	521,311	388,953	472,244	418,856
166D		All Other - Principal	1,766,125	1,252,351	8,524,464	1,069,206	2,610,497	1,357,300
167B	PENSION	Direct Benefit Program - Other Direct
168B	FRINGE	Fringe Benefits Unallocated
169B		Separation Allowance - Law Enforcement	20,665	20,665	16,161	6,575	9,679	10,401
170B		Separation Allowance - Other Employees
171B		Supplemental Retirement - Law Enforcement
172B		Fringe Benefits Other
173A	INTERGOV	Multi-Cnty Libr Dis,Cnty,Or Other - Recipient
173B	EXPEND	Multi-Cnty Libr Dis,Cnty,Or Other - Item #
173C		Multi-Cnty Libr Dis,Cnty,Or Other - Amount
174A		Gen Gov Activities Shared W/ Cnty - Recipient
174B		Gen Gov Activities Shared W/ Cnty - Item #
174C		Gen Gov Activities Shared W/ Cnty - Amount
175A		Highways (Payments to State) - Recipient
175B		Highways (Payments to State) - Item No.
175C		Highways (Payments to State) - Amount
176A		Other - Intergovt. Expenditures - Recipient
176B		Other - Intergovt. Expenditures - Item #
176C		Other - Intergovt. Expenditures - Amount
177A		Other - Intergovt. Expenditures - Recipient
177B		Other - Intergovt. Expenditures - Item #
177C		Other - Intergovt. Expenditures - Amount
178A		Other - Intergovt. Expenditures - Recipient
178B		Other - Intergovt. Expenditures - Item #
178C		Other - Intergovt. Expenditures - Amount
179.0		Current year's levy -- Excluding motor vehicles	9,331,980.	9,210,051.00	8,971,641.00	8,283,206.00	7,776,091.00	7,439,642.00
180.0		Current year's levy -- Motor vehicles (only)	1,043,264.	1,058,298.00	1,019,455.00	886,182.00	874,444.00	859,995.00
181.0	PART 6	Uncollected Taxes - Current Year's Levy Except Mot Veh	-135,829.	-121,078.00	134,318.00	-115,407.00	82,104.00	-77,891.00
182.0	OTHER	Uncollected Taxes - CY Levy -Motor Vehicles	-87,838	-103,829	96,245	-77,332	77,492	-75,983
183.0	DATA	Percentage of Taxes Collected - All Property %	102.16	102.19	97.69	102.10	98.16	101.85
184.0	DATA	Percentage of Taxes Collected - Exclude Motor Vehicles%	101.46	101.31	98.50	101.39	98.94	101.05
185.0		Percentage of Taxes Collected - Motor Vehicles %	108.42	109.81	90.56	108.73	91.14	108.84
186.0		Ttl Amt Salaries/Wages for Construction
187A		Capital Reserve Schools - July 1, 2009
187B		Capital Reserve Schools - June 30, 2010
188A		Capital Reserve Hospitals - July 1, 2009
188B		Capital Reserve Hospitals - June 30, 2010
189A	PART 7	Cash On Hand & in Bank - Debt Service
189B	CASH &	Cash On Hand & in Bank - Construction Bond
189C	INVEST	Cash On Hand & in Bank - All Other	9,096,892	9,614,152	9,119,959	8,680,865	10,251,783	5,592,352
190A	PART	Appropriations Made During FY - B(1) - B(7)
190B	8	Expenditures Made During FY - B(1) - B(7)
191.0		Investment in Property - B(1) - B(4)
192.0		Amount Expended During FY - B(5) and B(7)
193.0		Amount of Tax Revenues Taken Into Account
194A	PART 9	Amount - Total Revenues	19,072,330	19,498,691	25,940,642	17,949,985	23,898,659	18,713,028
194B	FISCAL	Amount - Subtract Refunding Bond Proceeds
194C	SUMMARY	Amount - Subtract Interfund Transfers In	-1,529,485	-1,352,726	-408,112	-416,327	-693,714	-352,763
194D		Amount - Net Revenues	20,601,815	20,851,417	26,348,754	18,366,312	24,592,373	19,065,791
		Calculated amount	20,601,815	20,851,417	26,348,754	18,366,312	24,592,373	19,065,791
		Amounts in AGREEMENT??	Yes	Yes	Yes	Yes	Yes	Yes
		Difference
195A		Amount - Total Expenditures	19,062,189	19,012,621	25,160,725	18,993,985	18,949,193	19,854,864
195B		Amount - Subtract Pymts. to Refunded Debt Agent
195C		Amount - Subtract Interfund Transfers Out	-1,529,485	-1,352,726	-408,112	-416,327	-693,714	-352,763
195D		Amount - Net Expenditures	20,591,674	20,365,347	25,568,837	19,410,312	19,642,907	20,207,627
		Calculated amount	20,591,674	20,365,347	25,568,837	19,410,312	19,642,907	20,207,627
		Amounts in AGREEMENT??	Yes	Yes	Yes	Yes	Yes	Yes
		Difference

401A	Part 10	Number of residential accounts billed Water
401B	Water /	Number of residential accounts billed Sewer
402A	Sewer	Amount processed and/or purchased in units Water
402B	Operations	Amount processed and/or purchased in units Sewer
403A		Total amount billed in units - Water
403B		Total amount billed in units - Sewer
404A		Of the total in 403A above how many units were Residential W
404B		Of the total in 403B above how many units were Residential S
405A		Of the total in 403 above, how many units were Outside Muni W
405B		Of the total in 403 above, how many units were Outside Muni S
406A		Of the total in 405A above how many units were Residential W
406B		Of the total in 405B above how many units were Residential S
407A		Of the total in 403A, how many units were sold for redistribution
407B		Of the total in 403B how many unit were delivered in bulk
408A		Dollars related to 403A above
408B		Dollars related to 403B above
409A		Dollars related to 404A above
409B		Dollars related to 404B above
410A		Dollars related to 405A above
410B		Dollars related to 405B above
411A		Dollars related to 406A above
411B		Dollars related to 406B above
412A		Dollars related to 407A above
412B		Dollars related to 407B above
421A		Number of residential accounts billed - Water
421B		Number of residential accounts billed - Sewer
422A		Number of non-residential & bulk accounts billed - Water
422B		Number of non-residential & bulk accounts billed - Sewer	2	2	2	2	2	2
423A		Estimated percentage of accounts outside of municipal limits



950.0		Official	CHRISTINE SURRATT
951.0		Title	FINANCE DIRECTOR
952.0		Date	11/08/2011	10/21/2010	01/07/2010	01/14/2009	04/25/2008	12/19/2006
953.0		Contact	LINDSEY WIGGS
954.0		Title	FINANCE SPECIALIST
955.0		Phone	704-847-4411
956.0		Fax	704-845-1964
957.0		E-Mail:

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

	2007	2008	2009	2010	2011
Unit's FBA %	43.95%	35.45%	35.57%	36.12%	0.00%
Group average FBA %	40.44%	43.40%	41.08%	44.27%	33.33%
State average Electric/Non Electric Group FBA %	37.39%	36.66%	37.89%	38.71%	26.68%
State average FBA %	36.54%	36.35%	40.44%	37.47%	29.01%

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

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2007 2008 2009 2010 2011

Municipality 98.16% 102.10% 97.69% 102.19% 102.16%

Pop. Group 97.23% 97.39% 96.99% 96.95% 97.10%

Statewide 97.58% 97.56% 97.34% 97.36% 97.59%

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

	2007	2008	2009	2010	2011
Municipality	98.16%	102.10%	97.69%	102.19%	102.16%
Pop. Group	97.23%	97.39%	96.99%	96.95%	97.10%
Statewide	97.58%	97.56%	97.34%	97.36%	97.59%

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

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2007 2008 2009 2010 2011

Municipality 164 139 121 104 96

Pop. Group 243 247 221 220 232

Statewide 478 456 455 449 450

Municipal Population Group: 25,000 to 49,999

	2007	2008	2009	2010	2011
Municipality	164	139	121	104	96
Pop. Group	243	247	221	220	232
Statewide	478	456	455	449	450

Municipal Population Group: 25,000 to 49,999

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2007 2008 2009 2010 2011

Property Tax $319 318 339 342 368

Utility 1 1 0 0 0

Sales Tax 84 87 61 65 73

Sales & Services 23 25 23 24 22

Intergovernmental 115 110 125 125 125

Debt Proceeds 29 23 24 22 26

Other Miscellaneous 342 75 334 113 115

Total $913 639 906 691 729

	2007	2008	2009	2010	2011
Property Tax	$319	318	339	342	368
Utility	1	1	0	0	0
Sales Tax	84	87	61	65	73
Sales & Services	23	25	23	24	22
Intergovernmental	115	110	125	125	125
Debt Proceeds	29	23	24	22	26
Other Miscellaneous	342	75	334	113	115
Total	$913	639	906	691	729

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2011
2011

Category Revenue
Per Capita

Property Tax $10,064,106
$368

Water/Sewer 10,960
0

Electric 0
0

Other Utilities 0
0

Sales Tax 1,987,038
73

Sales & Services 598,387
22

Intergovernment 3,402,770
125

Debt Proceeds 713,957
26

Miscellaneous 3,133,262
115

Total $19,910,480
$729

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

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2011
2011

Category Expenditures
Per Capita

General Government $1,994,694
$73

Water/Sewer 1,198,396
44

Electric 0
0

Other Utilities -1,198,396
-44

Debt Service 2,150,827
79

Transportation 2,583,982
95

Public Safety 7,955,995
291

Other 5,906,176
216

Total $20,591,674
$754

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

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2011
2011

Category Expenditures
Per Capita

Salaries & Wages $9,354,873
$342

Water/Sewer Capital 0
0

Electric Capital 0
0

Capital Outlay 2,935,868
107

Other Operating 8,300,933
305

Total $20,591,674
$754

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

Last Updated 2/5/2012 2:19:14 PM



	2011	2011
Category	Revenue	Per Capita
Property Tax	$10,064,106	$368
Water/Sewer	10,960	0
Electric	0	0
Other Utilities	0	0
Sales Tax	1,987,038	73
Sales & Services	598,387	22
Intergovernment	3,402,770	125
Debt Proceeds	713,957	26
Miscellaneous	3,133,262	115
Total	$19,910,480	$729

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