Comprehensive Annual Financial Report - Cobb County

Cobb County, Georgia
Debt Service Fund
Schedule of Revenues, Expenditures and
Changes in Fund Balance - Budget and Actual
For the Fiscal Year Ended September 30, 2007
Variance with
Final Budget -
Budgeted Amounts
Positive
Original Final Actual (Negative)
Revenues:
Taxes $ 6,109,107 $ 6,109,107 $ 6,872,454 $ 763,347
Charges for services 162,699 162,699 175,962 13,263
Fines and forfeits 1,362,613 1,362,613 1,528,296 165,683
Interest earned 152,083 152,083 219,664 67,581
Miscellaneous 111,188 111,188 112,079 891
Total revenues $ 7,897,690 $ 7,897,690 $ 8,908,455 $ 1,010,765
Expenditures:
Current:
General government $ 99,853 $ 99,853 $ 99,549 $ 304
Debt service:
Principal retirement 6,135,000 6,135,000 6,135,000 -
Interest and fiscal charges 1,662,837 1,662,837 1,659,760 3,077
Total expenditures $ 7,897,690 $ 7,897,690 $ 7,894,309 $ 3,381
Net change in fund balance $ - $ - $ 1,014,146 $ 1,014,146
Fund balance at beginning of year 8,366,821
Fund balance at end of year - budgetary basis $ 9,380,967
Reconciliation to GAAP basis:
Elimination of encumbrances outstanding at
end of year -
Fund balance at end of year - GAAP basis $ 9,380,967
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