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Complete Report - Fayette County Government

Complete Report - Fayette County Government

Property Coverages

Property Coverages Property (1) Other Equipment Flood and Earthquake Fayette County, Georgia Schedule of Insurance Coverages June 30, 2012 Note (1): Includes real and personal property, and boiler and machinery coverage. Liability Coverages General Liability Automobile Liability Law Enforcement Liability Public Officials' Liability Other Coverages Amount In Force $ 162,210,643 23,797,144 5,000,000 Liability Limits Each Occurrence Aggregate $ 2,000,000 $ 2,000,000 2,000,000 None 2,000,000 2,000,000 2,000,000 2,000,000 The County requires payment and performance surety bonds and builders' risk insurance of all contractors and subcontractors involved in construction activities related to the Water Sytem. Surety bonds have to be issued by surety firms listed on the U.S. Treasury approved list and builders' risk insurance has to be in the amount of the contract sum. Self-Insured Risks The County is partially self-insured for certain risks such as medical, dental and workers' compensation claims. Additional information on the management of these risks is contained in the Notes to the Financial Statements. General The Water System is included in policies which are purchased by the County for all of its operations. The County carries liability insurance for the System for the types of claims that are customary for similar enterprises. The County carries property and casualty damage on buildings and other physical assets related to the Water System. - 93 -

$7,000,000 $6,000,000 $5,000,000 $4,000,000 $3,000,000 $2,000,000 $1,000,000 $- Fiscal Year 2007 2008 2009 2010 2011 2012 Fayette County, Georgia Funding Sources of Capital Improvements Last Six Fiscal Years Total Costs of Capital Improvements $ 3,097,666 4,106,055 2,168,772 3,552,189 5,630,218 6,268,001 System Revenues Funding Sources $ 3,097,666 $ 4,106,055 2,168,772 593,794 715,848 728,793 Debt Proceeds And Interest Income 2,958,395 4,914,370 5,539,208 2007 2008 2009 2010 2011 2012 • System Revenues Debt Proceeds - 94-

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