Comprehensive Annual Financial Report - Cobb County
Comprehensive Annual Financial Report - Cobb County
Comprehensive Annual Financial Report - Cobb County
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<strong>Cobb</strong> <strong>County</strong>, Georgia<br />
Changes in Fund Balances, Governmental Funds<br />
Unaudited<br />
2007<br />
2006 2005 2004<br />
Revenues<br />
Taxes $ 421,478,808 $ 365,649,916 $ 243,253,752 $ 233,912,522<br />
Licenses and permits 21,757,476 21,477,431 21,952,259 20,081,455<br />
Intergovernmental 43,927,165 40,119,513 45,972,924 45,024,359<br />
Charges for services 59,521,098 57,707,513 53,948,110 51,881,834<br />
Fines and forfeits 17,747,175 17,337,209 19,439,582 16,781,751<br />
Interest earned 13,130,180 6,717,914 2,684,393 1,679,490<br />
Contributions - - 73,565 230,213<br />
Increase (decrease) in fair value of<br />
investments - - - (1,319)<br />
Miscellaneous 7,369,832 9,046,114 6,249,544 8,560,148<br />
Total revenues $ 584,931,734 $ 518,055,610 $ 393,574,129 $ 378,150,453<br />
Expenditures<br />
General government $ 133,657,911 $ 121,042,343 $ 136,122,674 $ 108,899,536<br />
Public safety 199,303,102 184,595,327 167,931,065 164,439,721<br />
Public works 89,477,872 57,385,232 40,980,529 47,421,144<br />
Health and welfare 7,413,307 6,578,840 6,284,246 5,118,992<br />
Culture and recreation 52,030,237 39,809,495 32,471,529 33,045,343<br />
Housing and development 15,150,457 15,105,680 16,859,368 17,401,587<br />
Debt service<br />
Principal retirement 16,548,903 10,944,224 7,123,315 7,614,617<br />
Interest and fiscal charges 6,977,162 6,963,792 3,859,569 3,310,637<br />
Capital outlay - - - -<br />
Total expenditures $ 520,558,951 $ 442,424,933 $ 411,632,295 $ 387,251,577<br />
Excess of revenues over (under)<br />
expenditures $ 64,372,783 $ 75,630,677 $ (18,058,166) $ (9,101,124)<br />
Other financing sources (uses)<br />
Transfers in $ 80,462,127 $ 58,146,991 $ 41,216,609 $ 80,629,289<br />
Transfers out (82,436,523) (55,394,987) (34,830,124) (79,635,859)<br />
Capital lease proceeds 6,975,011 7,019,390 - 12,344,970<br />
Proceeds from sale of capital assets 310,697 840,637 1,515,000 -<br />
Bonds issued 25,000,000 - 19,245,880 -<br />
Premium on bonds issued 926,933 - - -<br />
Payment to refund bond escrow agent - - (19,144,311) -<br />
Total other financing sources (uses) $ 31,238,245 $ 10,612,031 $ 8,003,054 $ 13,338,400<br />
Net change in fund balances<br />
before restatement $ 95,611,028 $ 86,242,708 $ (10,055,112) $ 4,237,276<br />
Restatement $ - $ - $ 7,131,636 $ -<br />
Net change in fund balances<br />
after restatement $ 95,611,028 $ 86,242,708 $ (2,923,476) $ 4,237,276<br />
Debt service as a percentage of<br />
noncapital expenditures 5.30% 4.50% 3.20% 3.41%<br />
Source: Basic <strong>Financial</strong> Statements<br />
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