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 />
Governmental Funds<br />
Balance Sheet<br />
September 30, 2007<br />
2006 Other Total<br />
General Fire District SPLOST Governmental Governmental<br />
Fund Fund Fund Funds Funds<br />
Assets<br />
Cash and cash equivalents $ 23,314,665 $ 5,827,596 $ 52,514,979 $ 61,614,833 $ 143,272,073<br />
Investments, at fair value - - 82,027,181 - 82,027,181<br />
Receivables:<br />
Taxes and penalties 136,537,582 51,022,928 - 5,263,944 192,824,454<br />
Accrued interest 29,164 - 1,252,900 11,903 1,293,967<br />
Other 3,231,511 794,375 906,182 2,401,815 7,333,883<br />
Due from other funds 1,777,855 25,234 1,206,041 35,323,767 38,332,897<br />
Due from component units 23,135 - - 320,443 343,578<br />
Due from others 3,067 - - - 3,067<br />
Due from other governments and agencies 1,414,413 - 24,302,948 5,889,527 31,606,888<br />
Advances to other funds 2,676,219 - - - 2,676,219<br />
Inventories 1,280,279 - - - 1,280,279<br />
Prepaid items and other assets 99,994 2,400 - 1,733 104,127<br />
Total assets $ 170,387,884 $ 57,672,533 $ 162,210,231 $ 110,827,965 $ 501,098,613<br />
Liabilities and Fund Balances<br />
Liabilities:<br />
Cash overdraft $ - $ - $ - $ 320,443 $ 320,443<br />
Accounts payable 4,296,747 121,724 9,310,090 9,071,434 22,799,995<br />
Accrued payroll 2,783,453 725,109 - 179,118 3,687,680<br />
Due to other funds 31,478,676 16,212,314 3,048,946 2,544,024 53,283,960<br />
Due to others 4,755,996 - - 27,356 4,783,352<br />
Due to component unit-<strong>Cobb</strong> Marietta<br />
Coliseum & Exhibit Hall Authority 889,956 - - - 889,956<br />
Due to other governments and agencies 121,636 - 3,196,990 726,175 4,044,801<br />
Notes payable, net 56,061,579 20,021,992 - - 76,083,571<br />
Accrued interest payable 1,095,111 391,111 - - 1,486,222<br />
Deferred revenue 10,190,232 3,259,164 - 1,643,707 15,093,103<br />
Total liabilities $ 111,673,386 $ 40,731,414 $ 15,556,026 $ 14,512,257 $ 182,473,083<br />
Fund Balances:<br />
Reserved for:<br />
Encumbrances $ 3,029,094 $ 1,916,097 $ 48,691,242 $ 30,332,825 $ 83,969,258<br />
Inventories and prepaid items 1,380,273 2,400 - 1,733 1,384,406<br />
Advances 2,676,219 - - - 2,676,219<br />
Debt service - - - 9,380,967 9,380,967<br />
Unreserved, designated for construction<br />
and capital outlay, reported in:<br />
General Fund 14,922,766 - - - 14,922,766<br />
Special Revenue Funds - 2,732,732 - 3,998,789 6,731,521<br />
Capital Projects Funds - - 97,962,963 44,784,370 142,747,333<br />
Unreserved, designated for debt service,<br />
reported in:<br />
Special Revenue Funds - - - 258,518 258,518<br />
Unreserved, undesignated reported in:<br />
General Fund 36,706,146 - - - 36,706,146<br />
Special Revenue Funds - 12,289,890 - 7,558,506 19,848,396<br />
Total fund balances $ 58,714,498 $ 16,941,119 $ 146,654,205 $ 96,315,708 $ 318,625,530<br />
Total liabilities and fund balances $ 170,387,884 $ 57,672,533 $ 162,210,231 $ 110,827,965 $ 501,098,613<br />
See accompanying notes to financial statements. 19