Comprehensive Annual Financial Report - Cobb County
Comprehensive Annual Financial Report - Cobb County
Comprehensive Annual Financial Report - Cobb County
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COBB COUNTY GOVERNMENT<br />
Management’s Discussion and Analysis<br />
For the Fiscal Year Ended September 30, 2007<br />
Changes in Net Assets<br />
Governmental and business-type activities increased the <strong>County</strong>’s net assets by $176.8 in FY07. The<br />
following table indicates the changes in net assets for governmental and business-type activities in FY07<br />
and FY06.<br />
<strong>Cobb</strong> <strong>County</strong>, Georgia<br />
Changes in Net Assets<br />
Governmental Governmental Business-type Business-type<br />
Activities Activities Activities Activities Total Total<br />
2007 2006 2007<br />
2006<br />
2007 2006<br />
Revenues:<br />
Program Revenues:<br />
Charges for Services $ 99,025,749 $ 96,522,153 $ 186,899,424 $ 179,938,028 $ 285,925,173 $ 276,460,181<br />
Operating Grants & Contributions 17,442,439 16,342,417 571,081 1,445,712 18,013,520 17,788,129<br />
Capital Grants & Contributions 43,962,989 39,290,010 37,980,311 39,555,767 81,943,300 78,845,777<br />
General Revenues:<br />
Property Taxes 238,915,529 218,244,514 - - 238,915,529 218,244,514<br />
Other Taxes 183,163,905 148,937,071 - - 183,163,905 148,937,071<br />
Grants and contributions not<br />
restricted to specific programs 11,291,129 11,256,630 - - 11,291,129 11,256,630<br />
Other 21,530,280 17,109,546 4,530,466 6,858,981 26,060,746 23,968,527<br />
Total Revenues $ 615,332,020 $ 547,702,341 $ 229,981,282 $ 227,798,488 $ 845,313,302 $ 775,500,829<br />
Expenses:<br />
General government $ 120,717,451 $ 115,843,895 $ - $ - $ 120,717,451 $ 115,843,895<br />
Public safety 193,571,694 178,947,049 - - 193,571,694 178,947,049<br />
Public works 104,327,448 90,377,404 - - 104,327,448 90,377,404<br />
Health and welfare 13,616,494 7,478,849 - - 13,616,494 7,478,849<br />
Culture and recreation 35,607,314 39,071,797 - - 35,607,314 39,071,797<br />
Housing and development 14,722,882 13,609,064 - - 14,722,882 13,609,064<br />
Interest on long-term debt 6,685,179 6,592,636 - - 6,685,179 6,592,636<br />
Water and Sewer - - 145,833,553 144,457,437 145,833,553 144,457,437<br />
Solid Waste - - 11,953,423 11,095,700 11,953,423 11,095,700<br />
Transit - - 19,686,139 17,477,215 19,686,139 17,477,215<br />
<strong>Cobb</strong>lestone Golf Course - - 1,741,765 1,677,078 1,741,765 1,677,078<br />
Mable House Barnes Amphitheatre - - - 1,621,898 - 1,621,898<br />
Total Expenses: $ 489,248,462 $ 451,920,694 $ 179,214,880 $ 176,329,328 $ 668,463,342 $ 628,250,022<br />
Increase in net assets before transfers $ 126,083,558 $ 95,781,647 $ 50,766,402 $ 51,469,160 $ 176,849,960 $ 147,250,807<br />
Transfers 4,439,403 2,643,338 (4,439,403) (2,643,338) - -<br />
Increase in net assets $ 130,522,961 $ 98,424,985 $ 46,326,999 $ 48,825,822 $ 176,849,960 $ 147,250,807<br />
Net Assets - beginning, before restatement $ 2,648,337,155 $ 2,551,303,173 $ 1,164,850,819 $ 1,116,024,997 $ 3,813,187,974 $ 3,667,328,170<br />
Restatement - (1,391,003) - - - (1,391,003)<br />
Net Assets -beginning restated 2,648,337,155 2,549,912,170 1,164,850,819 1,116,024,997 3,813,187,974 3,665,937,167<br />
Net Assets - ending $ 2,778,860,116 $ 2,648,337,155 $ 1,211,177,818 $ 1,164,850,819 $ 3,990,037,934 $ 3,813,187,974<br />
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