The town of Portsmouth's 2010 financial audit showed: 1) The general fund balance increased by $663,437, though the budgeted change was zero, with the undesignated fund balance representing 5.8% of the operating budget. 2) Revenues were above budget by $19,309 while expenditures were $687,069 below appropriations. 3) The town pension plan was only 60.6% funded as of 2010, significantly lower than 2000, and contributions will need to increase to address future obligations.

1. Town of Portsmouth 2010 Financial Statements 155 South Main Street Providence, RI 02903

5. Fund Balance: last 11 years

7. Tax Collections: % of current levy

9. Net Bonded Debt per capita

15. Pension Funded Status

16. Unfunded Pension Obligation

19. Questions?