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OPERATING AND CAPITAL BUDGET - Fayette County Government

OPERATING AND CAPITAL BUDGET - Fayette County Government

LONG-TERM DEBT AS OF

LONG-TERM DEBT AS OF JUNE 30, 2012 General Obligation Bonds – Fayette County could issue general obligation bonds to provide funds for the acquisition and construction of major general government capital facilities. General obligation (G.O.) bonds are direct obligations and thus represent a pledge of the full faith and credit of the government. Fayette County currently has no general obligation bonds outstanding. Revenue Bonds - The County and its component units also issue bonds where the issuer pledges income derived from the acquired or constructed assets to pay debt service. Fayette County Public Facilities Authority (a blended component unit) – In April of 2011, the Public Facilities Authority (PFA) issued $40.3 million of Series 2011 Revenue Bonds for the purpose of refunding all of the Series 2001 Refunding Revenue Bonds. The Series 2001 Revenue Bonds had been issued for the purpose of providing funds to pay or to be applied toward the cost of refunding by redemption and payment the Series 2000 Bonds that had been issued for the construction of the Criminal Justice Center. The Series 2011 Bonds are special limited obligations of the issuer (PFA) payable solely from installment payments of purchase price to be made by the County to the issuer pursuant to the agreement. The County’s obligation is to make installment payments to the issuer sufficient to enable the issuer to pay the principal of, premium if any, and interest on the Series 2011 Bonds. Interest on the Series 2011 Bonds is payable semiannually on December 1 and June 1. For financial reporting purposes, the Public Facilities Authority is considered to be a component unit of Fayette County and thus the debt is properly reported as being attributable to Fayette County government. The Fayette County Public Facilities Authority currently outstanding revenue bonds can be described as follows: $39,350,000 outstanding - Series 2011 Refunding Revenue Bonds, Criminal Justice Center Project; due in annual installments of $1,160,000 to $3,115,000 through June 1, 2030; and interest from 2.0% to 5.0%. At June 30, 2012, the Fayette County Public Facilities Authority was obligated to make combined payments of principal and interest on its outstanding revenue debt as follows: Fiscal Year Principal Interest Debt Service 2013 1,160,000 2014 1,220,000 2015 1,710,000 2016-2020 9,485,000 2021-2025 11,515,000 2026-2030 14,260,000 1,669,056 1,611,056 1,552,306 6,815,781 4,781,500 2,040,781 2,829,056 2,831,056 3,262,306 16,300,781 16,296,500 16,300,781 Totals $ 39,350,000 $ 18,470,481 $ 57,820,481 233

Fayette County Water System Enterprise Fund – The Water System issues revenue bonds with the purpose of refunding debt and to pay the costs of making additions, extensions, and improvements to the County’s water system. The Fayette County Water System’s currently outstanding revenue bonds can be described as follows: $270,000 outstanding – Series 1996A, due in annual installments of $25,000 to $920,000 through October 1, 2020; and an interest from 3.6% to 5.5% $18,645,000 outstanding – Series 2002, due in installments of $50,000 to $2,250,000 through October 1, 2032; and an interest from 3.25% to 5.125% $33,055,000 outstanding – Series 2009, due in installments of $85,000 to $4,415,000 through October 1, 2029; and an interest from 2.00% to 5.0% $8,070,000 outstanding – Series 2012A, due in installments of $100,000 to $3,660,000 through October 1, 2025; and an interest from 3.00% to 5.0% At June 30, 2012, the Fayette County Water System Enterprise Fund was obligated to make combined payments of principal and interest on its outstanding revenue debt as follows: Fiscal Year Principal Interest Payments 2013 3,255,000 2014 3,375,000 2015 3,470,000 2016-2021 23,390,000 2022-2027 21,490,000 2022-2027 5,060,000 2,576,528 2,489,436 2,355,097 10,627,150 3,784,875 526,294 5,831,528 5,864,436 5,825,097 34,017,150 25,274,875 5,586,294 Total $ 60,040,000 $ 22,359,380 $ 82,399,380 Georgia Environmental Facilities Authority (GEFA) - The Georgia Environmental Facilities Authority is a state agency which offers low interest financing to other political subdivisions of the State of Georgia for their water and sewer capital needs. As of June 30, 2012, the Water System Enterprise Fund has no GEFA loans outstanding. The seven existing loans were refunded in FY 2010 with proceeds from the Series 2009 revenue bonds. 234

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    OPERATING AND CAPITAL BUDGET FISCAL

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    The Government Finance Officers Ass

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    FAYETTE COUNTY, GEORGIA TABLE OF CO

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    FAYETTE COUNTY, GEORGIA TABLE OF CO

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    udget for FY 2013 is $7.75 million

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    non-critical positions that would n

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    From a long-range planning and serv

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    LOCAL ECONOMIC CONDITIONS AND OUTLO

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    state and the national unemployment

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    Issues and Strategies: It has been

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    Fayette County, Georgia: Municipali

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    BUDGETED FUNDS FY 2011 FY 2012 FY 2

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    Culture and Recreation 3.2% Plannin

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    $64,000,000 $62,000,000 $60,000,000

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    FY 2011 FY 2012 FY 2013 ACTUAL ACTU

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    FAYETTE COUNTY, GEORGIA BUDGET SUMM

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    Public Works Public Works Administr

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    ANALYSIS OF MAJOR REVENUE SOURCES A

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    Property Tax Property Tax is the bi

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    OTHER FUNDS In addition to the Gene

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    Emergency Medical Services (EMS) -

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    ANALYSIS OF MAJOR REVENUE SOURCES A

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    GENERAL FUND The following table pr

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    Federal Confiscated Property This f

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    Grants The Grants fund is not budge

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    ENTERPRISE FUNDS Water System In Ma

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    OVERVIEW OF FUND BALANCES The tabul

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    · Update the transportation plan b

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    FAYETTE COUNTY, GEORGIA ADOPTED FIS

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    future resources. Fayette County wi

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    BOC recommended capital budget and

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    The Board of Commissioners establis

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    II. RESERVE FUND POLICY PURPOSE The

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    6. Project notes issued by a public

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    Revenue bonds will be used to finan

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    Annual credit limit - not to exceed

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    POLICY Vehicles, heavy equipment, t

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    within the asset inventory system,

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    1. Acquisition of assets: (a) The B

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    FAYETTE COUNTY, GEORGIA MEASUREMENT

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    100 - General Fund FAYETTE COUNTY,

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    3. Capital Projects Funds - to acco

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    Budgeted - Fund Types, Funds, Funct

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    Classification of Projects Capital

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    1. Vehicle Replacements, five proje

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    Capital Budget Fiscal Year 2013 Exp

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    Capital Budget Fiscal Year 2013 Exp

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    Function: Public Safety Department

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    Capital Improvement Program (CIP) F

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    Project Title Funding Source Total

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    Project Title Funding Source Total

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    Department Proj # Project Title Fun

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    Impact of FY 2013-2017 CIP projects

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    Clerk of Courts Constitutional Offi

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    Division Directors/Department Heads

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    SUMMARY OF PERSONNEL - FULL-TIME EQ

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    FAYETTE COUNTY, GEORGIA FY 2013 BUD

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    Departments Matrix linking departme

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    Department: Administration Cost Cen

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    BUDGET SUMMARY FY 2011 Actual FY 20

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    Department: County Commission Cost

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    Department: Elections Cost Center:

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    Department: Finance Cost Center: 10

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    Department: Finance Cost Center: 10

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    Refine Metrics Crucial to Oglethorp

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    Department: Information Systems Cos

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    Department: Law Department Cost Cen

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    Department: Purchasing Cost Center:

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    Department: Tax Assessor Cost Cente

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    Department: Tax Commissioner Cost C

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    Department: Clerk of State Court Co

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    Department: Clerk of Superior Court

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    Department: Clerk of Superior Court

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    Department: Judges, Court Reporter

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    Department: Juvenile Court Cost Cen

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    Department: Juvenile Supervision Co

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    Department: Law Library Cost Center

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    Department: Magistrate Court Cost C

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    Department: Non-Departmental Cost C

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    Department: Probate Court Cost Cent

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    Department: State Court Judge Cost

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    Department: State Court Solicitor C

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    Department: Animal Control Cost Cen

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    Department: Confiscated Property -

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    Department: Confiscated Property -

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    Department: Emergency Phone System

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    Department: Fire and Emergency Medi

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    Department: Emergency Medical Servi

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    Department: Jail Construction Surch

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    Department: Marshal’s Office Cost

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    Department: Non-Departmental Cost C

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    Department: Public Safety & Emergen

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    Department: Sheriff’s Office - Ad

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  • Page 206 and 207: Department: Stormwater Management C
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  • Page 214 and 215: Department: Drug Abuse & Treatment
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  • Page 220 and 221: Department: Victims Assistance Cost
  • Page 222 and 223: Department: Library Cost Center: 10
  • Page 224 and 225: Department: Library - SPLOST Cost C
  • Page 226 and 227: Department: Recreation Cost Center:
  • Page 228 and 229: Department: County Extension Cost C
  • Page 230 and 231: Department: GA Forestry Commission
  • Page 232 and 233: Department: Permits and Inspections
  • Page 234 and 235: Department: Planning and Zoning Cos
  • Page 236 and 237: Department: Criminal Justice Center
  • Page 238 and 239: LEGAL DEBT MARGIN GENERAL OBLIGATIO
  • Page 242 and 243: LEASES AS OF JUNE 30, 2012 Leases -
  • Page 244 and 245: SALARY RANGES FOR CLASSIFIED FULL-T
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  • Page 248 and 249: GLOSSARY OF BUDGETARY AND FINANCIAL
  • Page 250 and 251: Fiscal Policies - guidelines that p
  • Page 252: Moody’s - a credit rating agency
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