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OPERATING AND CAPITAL BUDGET - Fayette County Government

OPERATING AND CAPITAL BUDGET - Fayette County Government

Fiscal Policies –

Fiscal Policies – guidelines that provide a framework as to how the financial responsibilities associated to the operation of the County are to be carried out. Fixed Asset - Assets of long-term character which are intended to continue to be held or used, such as land, buildings, machinery and furniture. Full-Time Equivalent (FTE) - Uniform basis used to measure approved positions. The number of positions is determined based on the total average weekly hours worked in relation to the total work hours in a full work week. Example: a position that works 20 hours per week is equivalent to 0.50 FTE (20 hours worked divided by 40 hours for a full work week). Fund - A fiscal and accounting entity which is comprised of a self-balancing set of accounts which reflect all assets, liabilities, equity, revenue and expenditures (or expenses) necessary to disclose financial position and the results of operations. Funds are established as individual entities in order to segregate financial records for the purpose of legal compliance, different natures of the activities performed, measurement of different objectives, and to facilitate management control. Fund Balance - Refers to the excess of current assets over current liabilities. GAAP – Generally Accepted Accounting Principles GASB – Governmental Accounting Standards Board GCIC – Georgia Crime Information Center General Fund - It is the principal operating fund for the County. General Obligation (G.O.) Bonds - Bonds sold to raise revenue for long-term capital financing needs. These bonds which pledge the full faith and credit of the County must be approved by voter referendum. The cost of financing is spread over the life of the improvement so that future users help to repay the cost of the improvement. General Obligation (G.O.) – Bonds sold to raise revenue for long-term capital financing needs. These bonds which pledge the full faith and credit of the County must be approved by voter referendum. The cost of financing is spread over the life of the improvement so that future users help to repay the cost of the improvement. GFOA – Government Finance Officers Association Governmental Fund - Used to account for all or most of a government’s general activities. The measurement focus is on source and use of resources. Infrastructure - Basic installations and facilities (e.g., roads, bridges) upon which the continuance and growth of a community depend. 243

Intergovernmental Revenue - Revenues received from other governmental entities in the form of grants, entitlements, shared revenues or payments in lieu of taxes. Interest Income - Revenue earned for the use of idle monies. Interfund Transfer - Contributions and operating transfers of cash made between the various funds of the County. Internal Service Fund - A fund used to account for operations that provide services to other departments or agencies of the governmental unit on a cost-reimbursement basis. Lease Purchase - A method of acquiring high cost equipment or property and spreading the payments over a specified period of time. L.E.C.M. – Law Enforcement Confiscated Monies. Legal Debt Margin - The net amount of external financing resources that is available to the County through the issuance of general obligation bonds. For Fayette County, it is limited to an amount equal to 10% of the assessed value of all taxable property located within the county, less any current general obligation bond debt. Liability - Debt or other legal obligations arising out of transactions in the past which must be liquidated, renewed, or refunded at some future date. This term does not include encumbrances. Line- Item Budget - A budget that lists each expenditure category separately along with the dollar amount budgeted for each specified category. Millage Rate - The ad valorem tax rate expressed in terms of the levy per thousand dollars of taxable assessed value. M&O – Maintenance and Operations MARTA – Metropolitan Atlanta Rapid Transit Authority Mill – A tax rate of one mill represents a tax liability of one dollar per $1,000 of assessed value. Millage Rate – The ad valorem tax rate expressed in terms of the levy per thousand dollars of taxable assessed value. Modified Accrual Basis – The basis of accounting under which expenditures other than accrued interest on general long-term debt are recorded at the time liabilities are incurred and revenues are recorded when received in cash except for material and/or other available revenues which should be accrued to reflect properly the taxes levied and revenue earned. O.C.G.A. – Official Code of Georgia Annotated. 244

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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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    Department: Sheriff’s Office - Cr

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    Department: Sheriff’s Office - Cr

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    Department: Sheriff’s Office - Fi

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    Department: Sheriff’s Office - Ja

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    Department: Fleet Maintenance Cost

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  • Page 204 and 205: Mission Statement The Solid Waste D
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  • Page 214 and 215: Department: Drug Abuse & Treatment
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  • Page 222 and 223: Department: Library Cost Center: 10
  • Page 224 and 225: Department: Library - SPLOST Cost C
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  • 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 240 and 241: LONG-TERM DEBT AS OF JUNE 30, 2012
  • 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 252: Moody’s - a credit rating agency
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