Comprehensive Annual Financial Report - Cobb County

Water and Sewer Bonds:
Direct
Net Revenue
Fiscal Gross Operating Available for Debt Service Requirements
Year Revenues Expenses (1) Debt Service Principal Interest Total Coverage
1998 $ 144,252,106 $ 60,307,039 $ 83,945,067 $ 10,580,000 $ 8,196,933 $ 18,776,933 4.47
1999 145,258,869 64,823,483 80,435,386 11,185,000 7,089,998 18,274,998 4.40
2000 154,706,735 72,656,849 82,049,886 11,720,000 6,555,828 18,275,828 4.49
2001 150,748,619 76,912,634 73,835,985 12,285,000 5,987,568 18,272,568 4.04
2002 164,213,180 79,408,182 84,804,998 12,890,000 5,385,130 18,275,130 4.64
2003 197,376,530 80,035,368 117,341,162 13,530,000 5,165,293 18,695,293 6.28
2004 164,190,681 87,999,837 76,190,844 14,510,000 3,783,425 18,293,425 4.16
2005 153,188,996 88,727,602 64,461,394 15,425,000 7,341,200 22,766,200 2.83
2006 180,208,549 100,559,507 79,649,042 15,770,000 6,891,850 22,661,850 3.51
2007 184,031,381 103,915,935 80,115,446 15,950,000 6,103,350 22,053,350 3.63
Solid Waste Disposal Bonds:
Direct
Net Revenue
Fiscal Gross Operating Available for Debt Service Requirements
Year Revenues Expenses (1) Debt Service Principal Interest Total Coverage
1998 $ 9,413,754 $ 27,629,240 $ - $ 800,000 $ 1,653,671 $ 2,453,671 0.00
1999 9,892,398 6,578,658 3,313,740 860,000 1,560,628 2,420,628 1.37
2000 11,667,415 9,214,755 2,452,660 920,000 1,502,778 2,422,778 1.01
2001 5,088,975 9,909,856 - 985,000 1,442,096 2,427,096 0.00
2002 10,517,939 9,360,086 1,157,853 1,050,000 1,378,503 2,428,503 0.48
2003 5,636,001 9,246,132 - 1,110,000 1,311,003 2,421,003 0.00
2004 12,620,017 9,044,479 3,575,538 1,180,000 1,268,721 2,448,721 1.46
2005 11,094,215 9,403,159 1,691,056 19,025,000 1,090,199 20,115,199 0.08
2006 12,779,670 9,494,382 3,285,288 1,720,000 732,913 2,452,913 1.34
2007 15,311,516 10,566,538 4,744,978 1,800,000 680,113 2,480,113 1.91
Golf Course Bonds:
Direct
Net Revenue
Fiscal Gross Operating Available for Debt Service Requirements
Year Revenues Expenses (1) Debt Service Principal Interest Total Coverage
1998 $ 2,226,500 $ 1,401,251 $ 825,249 $ 310,000 $ 286,221 $ 596,221 1.38
1999 2,319,769 1,448,996 870,773 295,000 301,058 596,058 1.46
2000 2,035,607 1,466,623 568,984 305,000 288,905 593,905 0.96
2001 1,845,130 1,551,340 293,790 320,000 275,933 595,933 0.49
2002 1,817,872 1,455,580 362,292 330,000 262,118 592,118 0.61
2003 1,802,803 1,302,627 500,176 345,000 247,519 592,519 0.84
2004 1,923,862 1,418,890 504,972 355,000 232,116 587,116 0.86
2005 1,958,163 1,561,470 396,693 375,000 215,686 590,686 0.67
2006 2,173,064 1,364,593 808,471 390,000 198,185 588,185 1.37
2007 2,164,737 1,441,263 723,474 410,000 179,785 589,785 1.23
(1) Depreciation expense not included.
Cobb County, Georgia
Revenue Bond Coverage
Unaudited
124