The first chart is the revenue analysis, which shows, as a percentage, all revenues that the Town received during FY2010. Of the approximate $10.8 million of revenue, 41% was from water and sewer operations and 31% was from property taxes. The remaining 28% was from various other sources, most of which was in the form of sales taxes and franchise taxes that are received from the State.
The next chart illustrates the expenditures by function, or department. Of the approximate $10.3 million of expenditures, 36% was spent on water and sewer operations, 31% was spent on public safety (both fire and police) and 11% was spent on general government (Council, administration and public relations). The remaining 22% includes all remaining departments, as well as debt service (principal and interest on Town debt).
This final chart again shows total expenditures, though this time by object. Of the total expenditures, 52% was spent on operations and maintenance and 37% was spent on salaries and wages. The remaining 11% was spent on capital outlay and debt service.
As the State releases the annual financial information for our peer municipalities, we will be reviewing the information and comparing that to our operations. Once complete, those results will be presented in the future for your review.