Comprehensive Annual Financial Report - Cobb County

COBB COUNTY, GEORGIA
September 30, 2007
NONMAJOR GOVERNMENTAL FUNDS
Special Revenue Funds
Special Revenue Funds are used to account for the proceeds of specific revenue sources that are legally
restricted to the expenditures for specific purposes.
The Law Library Fund provides for the operation and maintenance of the County’s law library.
The Community Services Fund accounts for the grant monies received from the Georgia Department of
Human Resources.
The Grant Fund accounts for grant monies received from various federal and state agencies.
The Housing and Urban Development Grant Fund accounts for monies received from the Department of
Housing and Urban Development under the Community Development Block Grant Program.
The Cobb Senior Services Fund accounts for funds received from various state and local agencies to be
expended for social welfare programs including services for senior citizens.
The Hotel/Motel Tax Fund accounts for the collection of taxes for a special taxing district.
The Emergency 911 Fund accounts for fee collection and the operation of the Emergency 911 system
within the County.
The Parking Deck Facility Fund accounts for the operation and maintenance of the Marietta Square
parking deck.
The 800 MHz Fund accounts for the operation, maintenance and collection of monies for the 800 MHz
core system.
Capital Projects Funds
Capital Projects Funds are used to account for the financial resources to be used for the acquisition or
construction of major capital facilities and improvements – other than those financed by Proprietary Funds.
The Road Sales Tax Extension 1994 Fund accounts for the proceeds of a 1 percent local option sales tax
approved in 1994 for construction and improvements of roads throughout the County.
The Public Facilities Fund accounts for monies transferred for various governmental funds for the purpose
of the construction of public facilities throughout the County.
The Parks Bond Fund accounts for proceeds from the series 2007 Parks Bond issue for the purpose of
acquiring parks and recreation land to be used for Cobb County parks and recreation purposes.
Debt Service Fund
The Debt Service Fund is utilized to account for the accumulation and disbursement of money needed to
comply with the interest and principal redemption requirements of the governmental fund type general
obligation bonds.
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