Finance and Budget
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Overview
The Finance Department is responsible for establishing and maintaining an accounting and reporting system in accordance with NC General Statutes, federal laws and regulations and generally accepted accounting principles. We manage all aspects of the town’s finances to ensure financial stability and responsible stewardship, adhering to principles of integrity, quality, collaboration, and customer service.
Financial Statements
Monthly financial dashboards summarize cash positions and cash flows, as well as compare revenues and expenditures to current year budget and prior fiscal year. An annual independent audit is performed annually on the Town’s financial statements for the fiscal year which ends June 30.
Monthly Financial Dashboards
FY 14-15 Monthly Dashboards from July to present
Audit Statement
FY 2014 Financial Statement
Budget
The Town operates under an annual balanced budget ordinance. The annual budget, developed after careful consideration, levies taxes and allocates resources in a manner that effectively reflects the priorities of the governing body.
Property taxes are stated in ‘millage’ rates. The millage rate is applied to every $100 of property value.
The Town of Davidson tax rate is $0.35/$100
Mecklenburg County tax rate is $0.8157/$100
Iredell County tax rate is $0.485/$100
To calculate your tax bill, take the value of your property, divide by 100 and multiply by the corresponding tax rate or rates above.
2014-2015 Approved Budget
2014-2015 Fee Schedule
Mecklenburg County Storm Water Fees
Capital Improvement Plan
The Capital Improvement Plan (CIP) is a funding and scheduling plan, annually updated to specify and describe the Town’s capital project priorities over the next five years.
CIP FY 2015-2019
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