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Complete Report - Fayette County Government

Complete Report - Fayette County Government

INVENTORY OF PIPING

INVENTORY OF PIPING DISTRIBUTION SYSTEM Beginning I FY 2012 Activity I Ending Pipe Size Balance Additions Deletions Balance 30" 24" 20" 18" 16" 12" 10" 8" 6" Totals 37,802 106,950 222,803 8,390 149,106 270,480 291,941 1,387,980 786.469 3.261.921 860 860 37,802 106,950 222,803 8,390 149,106 270,480 291,941 1,387,980 787,329 3.262.781 The water lines are installed by a contractor selected by low bid and the projects are designed by the Consulting Engineer. The water lines for subdivisions are inst alled by the developers' contractor with the Water System's inspector handling the inspections. These water lines are contributed to the Water System upon approval of the construction by the Water System Director. The Water System installs some water lines to complete loops or to add additional customers to a continuation of an existing waterline. ECONOMIC CONDITIONS Environmental Scan: The local economic conditions and operating environment for Fayette County, Georgia's Water System are often times directly or indirectly impacted by not only what is occurring in the United States but also globally. Thus, performing an environmental scan can certainly be helpful in establishing the proper perspective for any economic analysis on the local level. Some ofthe more important economic metrics from the Bureau of Economic Analysis in regards to financial activity in the third quarter of calendar year 2012 are highlighted in the following bullet points: • Real gross domestic product (GDP) increased 2.0 percent in the third quarter of 2012 after increasing 1.3 percent in the second quarter; • Consumer spending on goods accelerated during the upturn in durable goods and motor vehicles; second quarter reflecting an • Residential housing investment accelerated as single-family structures picked up; • Business investment turned down as spending on equipment and software slowed; and • Net exports also subtracted from growth. In his November 14, 2012 economic forecast, Dr. Rajeev Dhawan, Director of the Economic Forecasting Center at Georgia State University's J. Mack Robinson College of Business, provided his thoughts on the national economy. His take is that the domestic confusion and uncertainty - 7 -

triggered by the looming "fiscal cliff" are causing more harm to the U.S. economy than the economic slowdowns in Europe and Asia. "The damage from the fiscal cliff is done and playing out now," Dhawan writ es in his quarterly publication, Forecast of the Nation. He goes on to pose the really important question when he remarks, "The real issue is can we contain the damage?". The forecaster offers a conditional "yes", contingent upon the President and Congress reaching a credible compromise that assuages the capital markets. Dhawan contends that striking a deal is all the more imperative because the United States must look domestically for sparks to ignite economic growth in the coming year - as it had done during the 1990's. The underlying reason for his position is that exports are down, falling 3.S percent in the third quarter of calendar year 2012, which was a sharp reversal from the 7.0 percent growth in the second quarter. In reference to what is occurring across the Atlantic, the Director asserts, "Don't expect t he Europeans to solve their debt problems any t ime soon. Growth will be a luxury it em out of Europe's reach for the coming years". Turning his attention to the Pacific region, Dhawan concludes that China has in the past provided a "release value" for u.s. and German industrial and electrical machinery exports. But China's growth has slowed appreciably and efforts to dampen home price inflat ion in the big cities there have led to a slowdown in that sector ofthe economy. Local Economy: Fayette County is strategically located just south of Atlanta in close proximity to three interstate highways, 1-75, 1-85 and 1-285 . It is just a short commute to the City of Atlanta, which is considered the Business Capital of the New South. And Hartsfield-Jackson International Airport, the World 's busiest and one of the more significant economic engines for the south side of Atlanta is located just north of the County. Fayette County continues to benefit economically by be ing an integral part of one of the historically top growth areas in the United States. The Metropolitan Atlanta region represents one of the nation's primary transportation and distribution centers as well as being a major financial and consumer services leader. Georgia's geographically central location for domestic distribution, excellent surface transportation system, telecommunications infrastructure and proximity to major consumer markets make the State an excellent base for air cargo operations. Again in performing a more localized environmental scan, Fayette County has an outstanding labor force, abundant higher education opportunities, a favorable business climate, a wide range of leisure opportunities and high quality housing. Each of these factors continues to ma ke Fayette County an attractive place to live, work and play. Accordin g to the U.S. Census Bureau's 2010 American Community Survey 5-year estimate, 62.1 percent of the labor force in Fayette County had at least some college training. Another 24.9 percent were either high school graduates or had obtained th eir GED. Based on those education numbers, it can be said that Fayette County's labor force is a highly skilled one. - 8-

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