Town of Portsmouth 2009

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The town of Portsmouth's 2009 financial audit showed: 1) The general fund balance decreased, though expenditures were under budget. 2) Property tax revenues were slightly above targets but collections slightly below. 3) The school department fund balance decreased as revenues fell short of targets but expenditures also undershot the budget. 4) The town pension plan's funding status has deteriorated in recent years though required contributions have been made.

Town of Portsmouth 2009 Financial Statements 155 South Main Street Providence, RI 02903

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Topics of Discussion ,[object Object],[object Object],[object Object]

The General Fund ,[object Object],[object Object],[object Object],[object Object],[object Object]

Results of Operations ,[object Object],[object Object],[object Object],[object Object],[object Object]

Results of Operations (cont.) ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

School Department ,[object Object],[object Object],[object Object],[object Object]

Town Pension Plan ,[object Object],[object Object],[object Object],[object Object]

Observations & Recommendations ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

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