<strong>Cobb</strong> <strong>County</strong>, Georgia Direct and Overlapping Governmental Activities Debt (Unaudited) As of September 30, 2007 Governmental Unit Debt Outstanding Estimated Percentage Applicable Estimated Share of Direct and Overlapping Debt Cities Austell $ 6,680,000 100% $ 6,680,000 Kennesaw 14,240,000 100% 14,240,000 Marietta 54,880,000 100% 54,880,000 Powder Springs 10,132,654 100% 10,132,654 Total cities $ 85,932,654 Development Authorities Acworth $ 18,670,000 100% $ 18,670,000 Marietta 38,229,065 100% 38,229,065 Smyrna 40,765,000 100% 40,765,000 Total development authorities $ 97,664,065 Subtotal, overlapping debt $ 183,596,719 Total direct debt $ 210,565,000 Total direct and overlapping debt $ 394,161,719 121
<strong>Cobb</strong> <strong>County</strong>, Georgia Legal Debt Margin Information Unaudited 2007 2006 Fiscal Year 2005 2004 2003 Assessed value of property $ 32,572,081,456 $ 30,286,408,554 $ 28,102,028,818 $ 26,088,528,583 $ 24,620,200,329 Debt limit, 10% of assessed value 3,257,208,146 3,028,640,855 2,810,202,882 2,608,852,858 2,462,020,033 Amount of debt applicable to limit 48,689,033 30,728,179 36,836,417 48,681,265 53,369,333 - General Obligation Bonds 58,070,000 39,095,000 44,895,000 50,545,000 55,355,000 Less: Resources restricted to paying principal (9,380,967) (8,366,821) (8,058,583) (1,863,735) (1,985,667) Total net debt applicable to limit 48,689,033 30,728,179 36,836,417 48,681,265 53,369,333 Legal debt margin $ 3,208,519,113 $ 2,997,912,676 $ 2,773,366,465 $ 2,560,171,593 $ 2,408,650,700 Total net debt applicable to the limit as a percentage of debt limit 1.49% 1.01% 1.31% 1.87% 2.17% 2002 Fiscal Year 2001 2000 1999 1998 Assessed value of property $ 23,714,500,523 $ 20,528,283,257 $ 18,929,333,245 $ 17,734,080,496 $ 16,105,441,497 Debt limit, 10% of assessed value 2,371,450,052 2,052,828,326 1,892,933,325 1,773,408,050 1,610,544,150 Amount of debt applicable to limit 58,325,482 67,688,735 74,946,013 81,297,062 89,444,070 - General Obligation Bonds 60,785,000 69,440,000 77,585,000 85,260,000 92,555,000 Less: Resources restricted to paying principal (2,459,518) (1,751,265) (2,638,987) (3,962,938) (3,110,930) Total net debt applicable to limit 58,325,482 67,688,735 74,946,013 81,297,062 89,444,070 Legal debt margin $ 2,313,124,570 $ 1,985,139,591 $ 1,817,987,312 $ 1,692,110,988 $ 1,521,100,080 Total net debt applicable to the limit as a percentage of debt limit 2.46% 3.30% 3.96% 4.58% 5.55% Source: <strong>Cobb</strong> <strong>County</strong> Tax Commissioner's Office Legal Debt Information - Fiscal Year 2007 $48,689,033 $3,208,519,113 Amount of debt applicable to limit Legal debt margin 122
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COBB COUNTY, GEORGIA Comprehensive
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Metro Atlanta ACWORTH KENNESAW MARI
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COBB COUNTY, GEORGIA COMPREHENSIVE
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Cobb’s population has grown 11.8%
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Helen Goreham Commissioner District
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Basic Financial Statements
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