Comprehensive Annual Financial Report - Cobb County
Comprehensive Annual Financial Report - Cobb County
Comprehensive Annual Financial Report - Cobb County
You also want an ePaper? Increase the reach of your titles
YUMPU automatically turns print PDFs into web optimized ePapers that Google loves.
COBB COUNTY, GEORGIA<br />
NOTES TO FINANCIAL STATEMENTS<br />
September 30, 2007<br />
Note 6. Risk Management (Continued)<br />
Note 7. Leases<br />
Beginning Claims Claims Ending<br />
September 30 Balance Incurred Paid Balance<br />
1998 $ 6,597,524 $ 17,113,265 $ 16,936,304 $ 6,774,485<br />
1999 6,774,485 16,991,724 16,868,424 6,897,785<br />
2000 6,897,785 20,187,716 19,868,066 7,217,435<br />
2001 7,217,435 22,521,847 21,685,709 8,053,573<br />
2002 8,053,573 28,246,667 26,852,687 9,447,553<br />
2003 9,447,553 32,360,331 30,576,030 11,231,854<br />
2004 11,231,854 38,194,327 35,717,321 13,708,860<br />
2005 13,708,860 40,961,207 38,035,702 16,634,365<br />
2006 16,634,365 41,226,703 38,379,567 19,481,501<br />
2007 19,481,501 38,230,339 43,648,895 14,062,945<br />
A. Operating Leases<br />
The <strong>County</strong> has several operating leases for equipment that are not material.<br />
B. Capital Leases<br />
<strong>Cobb</strong> <strong>County</strong> is obligated under capital leases initiated in current and prior years covering various types<br />
of equipment and building improvements.<br />
The assets acquired through capital leases are as follows:<br />
Total<br />
Governmental<br />
Activities<br />
Asset:<br />
Buildings $ 5,803,569<br />
Machinery and equipment 25,822,309<br />
Less: Accumulated depreciation (11,503,748)<br />
Total $ 20,122,130<br />
48
Change language