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OPERATING AND CAPITAL BUDGET - Fayette County Government

OPERATING AND CAPITAL BUDGET - Fayette County Government

Department: E911 821 MHZ

Department: E911 821 MHZ Radio System Debt Cost Center: 10080193 Function: Debt Service Fund: General Major Department Functions The County entered into an equipment lease-purchase agreement with Motorola, Inc. on December 27, 2002 for an 821 MHz radio system. The total purchase price was $7,760,000. Under the terms of the financing the County is required to make annual lease payments in the amount of $993,761 covering a ten-year term. The following is a schedule of the remaining payments under the agreement (as of 6/30/10): BUDGET SUMMARY FY Principal Interest Total Debt 2011 864,247 129,514 993,761 2012 905,425 88,336 993,761 2013 948,566 45,195 993,761 Balance $ 2,718,238 $ 263,045 $ 2,981,283 FY 2009 Actual FY 2010 Budget FY 2010 Actual FY 2011 Adopted FUNDING SOURCES General Fund Contribution $ 993,762 $ 993,761 $ 993,761 $ 993,761 APPROPRIATIONS Principal Payments/Lease $ 787,423 $ 824,941 $ 824,941 $ 864,247 Interest Payments/Lease 206,339 168,820 168,820 129,514 Total Appropriations $ 993,762 $ 993,761 $ 993,761 $ 993,761 V - 136

LEGAL DEBT MARGIN GENERAL OBLIGATION DEBT FOR THE FISCAL YEAR ENDED JUNE 30, 2011 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 2011 fiscal year is $528,271,797. This is based on the latest tax digest (2010 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 2010 $5,282,717,969 10.00% $528,271,797 $0 $528,271,797 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 $45.0 million for FY 2011, 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

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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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    FiscalYear2011 BudgetMessage Jun

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    2. LakeMcIntoshthisisaWaterSystempr

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    operations. SERVICES PROVIDED BY TH

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    Fayetteville, the County seat, boas

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    110,000 105,000 100,000 95,000 90,0

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    MAJOR INITIATIVES FOR FISCAL YEAR 2

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    during drought conditions. Lake Hor

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    Tyrone - Tyrone was settled by Iris

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    BUDGETED FUNDS FY 2009 FY 2010 FY 2

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    FAYETTE COUNTY, GEORGIA FY 2011 BUD

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

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    FAYETTE COUNTY, GEORGIA FY 2011 BUD

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    SPECIAL CAPITAL/CIP WATER SOLID GEN

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    GENERAL FUND FY 2010 Budget FY 2011

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    SPECIAL REVENUE FUNDS Law Library 1

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    General Fund Three Year Comparison

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    Sales and Use Tax The Sales and Use

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    Emergency 911 Special Revenue Fund

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    Water System Fund The primary missi

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    ANALYSIS OF FUND BALANCE OF EACH IN

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    SPECIAL REVENUE FUNDS Law Library T

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    Juvenile Supervision The Juvenile S

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    Library - Special Purpose Local Opt

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    OVERVIEW OF FUND BALANCES The tabul

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    Maintain a safe and serviceable fle

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    FAYETTE COUNTY, GEORGIA ADOPTED FIS

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    B. The operating budget will provid

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    Track 1 - Staffing: budgeted salari

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    For the FY 2011 budget process, the

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    in a timely manner, and given these

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    safeguard the resources entrusted t

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    Outstanding debt will be reviewed o

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    The Finance Department Accounting A

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    12) Trailers 15 years 13) Grounds e

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    1) Attachment - tangible property t

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    FAYETTE COUNTY, GEORGIA ACCOUNTING,

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    FAYETTE COUNTY, GEORGIA BASIS OF AC

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    FAYETTE COUNTY, GEORGIA FUND TYPES

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    Policies and Procedures FAYETTE COU

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    Financial Impact on the Operating B

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    Capital Budget Expenditures and Fun

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    Capital Budget Fiscal Year 2011 Fun

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    Capital Budget Fiscal Year 2011 Cap

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    Project Title Fiscal Year 2011 - Fi

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    Project Title EQUIPMENT Project Num

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    Project Title Project Number Total

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    Project Funding Department Project

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    Elected Officials Board of Commissi

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    Health Department: Physical Health

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    # of Employees (FTE) 800.00 790.00

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    FUNCTION: GENERAL GOVERNMENT Depart

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    Department: Administration Cost Cen

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    Department: Buildings and Grounds M

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    Department: County Commission Cost

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    Department: Elections Cost Center:

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    Department: Engineering Cost Center

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    Department: Finance Cost Center: 10

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    Department: Human Resources Cost Ce

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    Department: Information Systems Cos

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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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    FUNCTION: JUDICIAL Department Page

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    Department: Clerk of State Court Co

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    Department: Clerk of Superior Court

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    Department: District Attorney Cost

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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: Probate Court Cost Cent

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    Department: Public Defender Cost Ce

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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 U.

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    Department: Emergency Phone System

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    Department: Emergency Phone System

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    Department: Fire and Emergency Medi

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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 C

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    Department: Non-Departmental Cost C

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    Department: Department: Sheriff s O

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  • Page 198 and 199: Department: Fleet Maintenance Cost
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  • Page 204 and 205: Department: Solid Waste Management
  • Page 206 and 207: Department: Stormwater Management C
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  • Page 210 and 211: FUNCTION: HEALTH & WELFARE Departme
  • Page 212 and 213: Department: Drug Abuse & Treatment
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  • Page 218 and 219: Department: Victims Assistance Cost
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  • Page 222 and 223: Department: Library Cost Center: 10
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  • Page 226 and 227: FUNCTION: PLANNING & DEVELOPMENT De
  • 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: FUNCTION: DEBT SERVICE Department P
  • Page 240 and 241: Assessed Debt Service Net Legal Fis
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  • Page 244 and 245: SALARY RANGES FOR CLASSIFIED POSITI
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  • Page 250 and 251: CIP Project - Is a major capital pr
  • Page 252 and 253: Internal Service Fund - A fund used
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