Views
5 years ago

OPERATING AND CAPITAL BUDGET - Fayette County Government

OPERATING AND CAPITAL BUDGET - Fayette County Government

LEGAL DEBT MARGIN

LEGAL DEBT MARGIN GENERAL OBLIGATION DEBT FOR THE FISCAL YEAR ENDED JUNE 30, 2010 Article 9, Section 5, Paragraph I of the Georgia Constitution establishes the maximum debt limits for counties and other political subdivisions of the State. Under the Constitution, certain types of debt issued by a political subdivision, including counties, cannot exceed an amount which is equal to 10 percent (10%) of the assessed value of all taxable property located within that particular entity. As indicated by the calculation in the table below, the legal debt margin of Fayette County at the beginning of the 2010 fiscal year is $574,765,323. This is based on the latest tax digest (2009 calendar year). The legal debt margin amount is important in that it represents the net amount of external financing resources that is available to the County through the issuance of general obligation (G.O.) bonds. G.O. bonds are debt instruments issued in the name of the government and whose repayment is guaranteed through a pledge of the full faith and credit of the issuer. In layman’s terms, when the majority of voters in a county approve a general obligation bond referendum, they are guaranteeing the purchaser of that bond that they will pay property taxes in an amount that is sufficient to redeem the bond upon maturity and pay the interest earned on the outstanding bonds. TAX ASSESSED APPLICABLE CURRENT LEGAL DEBT YEAR VALUE PERCENTAGE DEBT LIMIT G.O. DEBT MARGIN 2009 $5,747,653,235 10.00% $574,765,323 $0 $574,765,323 The legal debt margin is calculated at any point in time by deducting the amount of the current outstanding G.O. debt from the statutory debt limit. The reason for performing this calculation is to determine the maximum amount of new debt that could be legally issued should the need arise. This means that Fayette County has no outstanding general obligation bond indebtedness and has the entire 100% percent of its legal debt capacity available. With the annual budgeted appropriations in the General Fund being approximately $46.5 million for FY 2010, there would appear to be more than sufficient debt capacity available to the County. Fayette County and its component units also issue revenue bonds. As provided by law, the issuance of revenue bonds does not count against the legal debt margin. VI - 1

Assessed Debt Service Net Legal Fiscal Property Monies Bonded Debt Year Values Percentage Debt Limit Debt Margin 2001 $ 3,172,197,561 10.00% $ 317,219,756 - 2002 $ 3,503,049,483 10.00% $ 350,304,948 - 2003 $ 3,844,204,427 10.00% $ 384,420,443 - 2004 $ 4,118,425,304 10.00% $ 411,842,530 - 2005 $ 4,446,670,984 10.00% $ 444,667,098 - 2006 $ 4,776,347,705 10.00% $ 477,634,771 - 2007 $ 5,188,941,242 10.00% $ 518,894,124 - 2008 $ 5,506,961,516 10.00% $ 550,696,152 - 2009 $ 5,703,535,572 10.00% $ 570,353,557 - 2010 $ 5,747,653,235 10.00% $ 574,765,324 - $600,000,000 $500,000,000 $400,000,000 $300,000,000 $200,000,000 $100,000,000 $- STATEMENT OF LEGAL DEBT MARGIN LAST TEN FISCAL YEARS Legal Debt Margin 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 VI - 2 Fiscal Year $ $ $ $ $ $ $ $ $ $ 317,219,756 350,304,948 384,420,443 411,842,530 444,667,098 477,634,771 518,894,124 550,696,152 570,353,557 574,765,324

  • Page 1 and 2:

    OPERATING AND CAPITAL BUDGET FISCAL

  • Page 3 and 4:

    The Government Finance Officers Ass

  • Page 5 and 6:

    FAYETTE COUNTY, GEORGIA TABLE OF CO

  • Page 7 and 8:

    FAYETTE COUNTY, GEORGIA TABLE OF CO

  • Page 9 and 10:

    $1.1 million less than the previous

  • Page 11:

    BUDGET SUMMARY FUND FY 2010 FY 2009

  • Page 14 and 15:

    From a long-range planning and serv

  • Page 16 and 17:

    LOCAL ECONOMIC CONDITIONS AND OUTLO

  • Page 18 and 19:

    The residents of Fayette County are

  • Page 20 and 21:

    study was implemented in March 2008

  • Page 22 and 23:

    Fayette County, Georgia: Municipali

  • Page 24 and 25:

    FAYETTE COUNTY, GEORGIA FY 2010 BUD

  • Page 26 and 27:

    Intergovernmental Revenues 2.2% Lic

  • Page 28 and 29:

    $64,000,000 $63,000,000 $62,000,000

  • Page 30 and 31:

    BUDGETED FUNDS FY 2008 FY 2009 FY 2

  • Page 32 and 33:

    FAYETTE COUNTY, GEORGIA SUMMARY OF

  • Page 34 and 35:

    FAYETTE COUNTY, GEORGIA BUDGET SUMM

  • Page 36 and 37:

    Public Works Public Works Administr

  • Page 38 and 39:

    ANALYSIS OF MAJOR REVENUE SOURCES A

  • Page 40 and 41:

    Property Tax Property Tax is the bi

  • Page 42 and 43:

    OTHER FUNDS In addition to the Gene

  • Page 44 and 45:

    Emergency Medical Services (EMS) Sp

  • Page 46 and 47:

    ANALYSIS OF MAJOR REVENUE SOURCES A

  • Page 48 and 49:

    GENERAL FUND The following table pr

  • Page 50 and 51:

    Federal Confiscated Property This f

  • Page 52 and 53:

    Fire Services In FY 2008, the fund

  • Page 54 and 55:

    Solid Waste The Board approved duri

  • Page 56 and 57:

    PLAN, POLICIES, AND PROCEDURES I. M

  • Page 58 and 59:

    the operations of the County. · Th

  • Page 60 and 61:

    disseminated to the County Administ

  • Page 62 and 63:

    A budget calendar for the next fisc

  • Page 64 and 65:

    presented to the BOC. Track 2 - Oth

  • Page 66 and 67:

    eserve in the general fund. POLICY

  • Page 68 and 69:

    company or investment trust registe

  • Page 70 and 71:

    Debt with variable-rate interest pa

  • Page 72 and 73:

    o Building supplies; o Cleaning sup

  • Page 74 and 75:

    A. Funding for Asset Replacement -

  • Page 76 and 77:

    or if it should be retired from its

  • Page 78 and 79:

    titled within time frames allowed.

  • Page 80 and 81:

    FAYETTE COUNTY, GEORGIA BUDGET AMEN

  • Page 82 and 83:

    FAYETTE COUNTY, GEORGIA BASIS OF AC

  • Page 84 and 85:

    FAYETTE COUNTY, GEORGIA FUND TYPES

  • Page 86 and 87:

    Policies and Procedures FAYETTE COU

  • Page 88 and 89:

    Financial Impact on the Operating B

  • Page 90 and 91:

    Capital Budget Expenditures and Fun

  • Page 92 and 93:

    Capital Budget Fiscal Year 2010 Fun

  • Page 94 and 95:

    Capital Budget Fiscal Year 2010 Cap

  • Page 96 and 97:

    Fiscal Year 2010 - Fiscal Year 2014

  • Page 98 and 99:

    Project Title Project Number Total

  • Page 100 and 101:

    Project Title/Number Project Number

  • Page 102 and 103:

    Project Funding Department Project

  • Page 104 and 105:

    Clerk of Courts Constitutional Offi

  • Page 106 and 107:

    Division Directors/Department Heads

  • Page 108 and 109:

    SUMMARY OF PERSONNEL - FULL-TIME EQ

  • Page 110 and 111:

    FY 2010 BUDGET PERSONNEL Due to the

  • Page 112 and 113:

    Department: Administration Cost Cen

  • Page 114 and 115:

    Department: Buildings and Grounds M

  • Page 116 and 117:

    Department: County Commission Cost

  • Page 118 and 119:

    Department: Contingency Cost Center

  • Page 120 and 121:

    Department: Elections Cost Center:

  • Page 122 and 123:

    Department: Finance Cost Center: 10

  • Page 124 and 125:

    Department: Finance Cost Center: 10

  • Page 126 and 127:

    Department: Human Resources Cost Ce

  • Page 128 and 129:

    Department: Information Systems Cos

  • Page 130 and 131:

    Department: Information Systems Cos

  • Page 132 and 133:

    Department: Non-Departmental Cost C

  • Page 134 and 135:

    Department: Purchasing Cost Center:

  • Page 136 and 137:

    Department: Tax Assessor Cost Cente

  • Page 138 and 139:

    Department: Tax Commissioner Cost C

  • Page 140 and 141:

    Department: Clerk of State Court Co

  • Page 142 and 143:

    Department: Clerk of Superior Court

  • Page 144 and 145:

    Department: Clerk of Superior Court

  • Page 146 and 147:

    Department: District Attorney Cost

  • Page 148 and 149:

    Department: Juvenile Court Cost Cen

  • Page 150 and 151:

    Department: Juvenile Court Cost Cen

  • Page 152 and 153:

    Department: Juvenile Supervision Co

  • Page 154 and 155:

    Department: Magistrate Court Cost C

  • Page 156 and 157:

    Department: Non-Departmental Cost C

  • Page 158 and 159:

    Department: Probate Court Cost Cent

  • Page 160 and 161:

    Department: State Court Judge Cost

  • Page 162 and 163:

    Department: State Court Solicitor C

  • Page 164 and 165:

    FUNCTION: PUBLIC SAFETY Department

  • Page 166 and 167:

    Department: Animal Control Cost Cen

  • Page 168 and 169:

    Department: Confiscated Property -

  • Page 170 and 171:

    Department: Coroner Cost Center: 10

  • Page 172 and 173:

    Department: Emergency Phone System

  • Page 174 and 175:

    Department: Emergency Phone System

  • Page 176 and 177:

    Department: Fire and Emergency Medi

  • Page 178 and 179:

    Department: Fire and Emergency Medi

  • Page 180 and 181:

    Department: Fire Services Cost Cent

  • Page 182 and 183:

    Department: Marshal s Office Cost C

  • Page 184 and 185:

    Department: Marshal s Office Cost C

  • Page 186 and 187:

    Department: Public Safety & Emergen

  • Page 188 and 189:

    Department: Sheriff s Office Admini

  • Page 190 and 191: Department: Sheriff s Office Crimin
  • Page 192 and 193: Department: Sheriff s Office Crimin
  • Page 194 and 195: Department: Sheriff s Office Field
  • Page 196 and 197: Department: Sheriff s Office Jail O
  • Page 198 and 199: FUNCTION: PUBLIC WORKS Department P
  • Page 200 and 201: Department: Fleet Maintenance Cost
  • Page 202 and 203: Department: Road Department Cost Ce
  • Page 204 and 205: Department: Solid Waste Management
  • Page 206 and 207: Department: Stormwater Management C
  • Page 208 and 209: Department: Street Lights Cost Cent
  • Page 210 and 211: Department: Water System Cost Cente
  • Page 212 and 213: Department: Dept of Family and Chil
  • Page 214 and 215: Department: Fayette Community Optio
  • Page 216 and 217: Department: Public Health Cost Cent
  • Page 218 and 219: Department: Victims Assistance Cost
  • Page 220 and 221: Department: Youth Protection Cost C
  • 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: Development Authority C
  • Page 232 and 233: Department: Permits and Inspections
  • Page 234 and 235: Department: Planning and Zoning Cos
  • Page 236 and 237: Department: Planning and Zoning Cos
  • Page 238 and 239: Department: Criminal Justice Center
  • Page 242 and 243: SCHEDULE OF DEBT AS OF JUNE 30, 200
  • Page 244 and 245: quarterly installments of $35,515 b
  • Page 246 and 247: SALARY RANGES FOR CLASSIFIED POSITI
  • Page 248 and 249: SALARY RANGES FOR CLASSIFIED POSITI
  • Page 250 and 251: SALARY RANGES FOR CLASSIFIED POSITI
  • Page 252 and 253: Contingency - A budgetary reserve s
  • Page 254: are recorded when received in cash
Download the 2011 Annual Report - Fayette County Government
Integrating Transportation Decisions - Fayette County Government
UPDATE Changes in Transparency - Fayette County Government
2013-2014 Biennial Operating and Capital Budget - pdf - Arvada
FY2014 Recommended Budget - Wake County Government
Operating Budget - Snohomish County Fire District 1
Review Budget Document - Allegany County Government - Allconet
Summary of Operating and Capital Improvement Budget Request
School Funding - Fayette County Schools
FY12 Adopted Operating Budget & Capital Improvement Budget
FY 2013 Operating and Capital Budget - Metro Transit
2008 – 2010 Adopted Operating Budget - City of Winnipeg
Fiscal Year 2013 Recommended Budget Book - Lake County
2013-2014 Recommended Budget - County of Sonoma
summary of the corporate plan and operating and capital budgets
Town of Scarborough Operating and Capital Budget FY 2014
2011-2012 Biennial Operating and Capital Budget - pdf - Arvada
to view the Kerr County Budget
2013-14 Operating & Capital Budget Plan - Cornell University ...
Annual Operating & Capital Budget 2013 - Heneghan Family of ...
Annual Report 2011-12 - Co-operative Governance and Traditional ...
2013/2014 Budget Presentation - Hardin County Government
2013-2014 Recommended Budget - Volusia County Government
Adopted Operating Budget Fiscal Year 2011/12 - City - Moreno Valley
2013 Annual Operating Budget City of Little Rock, Arkansas
DOTD "Capital First" Budgeting Guidelines & Methodology