Comprehensive Annual Financial Report - Cobb County

COBB COUNTY, GEORGIA
NOTES TO FINANCIAL STATEMENTS
September 30, 2007
Note 8. Long-Term Debt (Continued)
d. Cobblestone Golf Course
$6,905,000 1997 Recreation Authority refunding serial bonds due in annual installments
of $355,000 to $570,000 through January 1, 2014; interest at 4.45 to 5.00 percent
($3,470,000 outstanding). The Bonds were issued to provide funds to refund the Series
1992 Bonds and to pay expenses necessary to accomplish the foregoing.
The annual requirements to amortize all General Obligation and Revenue bonds outstanding at
September 30, 2007 including interest payments of $150,877,102 are as follows:
Governmental Activites
General Obligation Bonds
Business-Type Activities
Revenue Bonds
Year Ending
September Principal Interest Principal Interest
2008 $ 6,255,000 $ 2,460,050 $ 18,615,000 $ 6,089,069
2009 6,515,000 2,229,075 7,495,000 5,195,258
2010 6,820,000 1,925,250 7,710,000 4,860,503
2011 4,720,000 1,666,775 7,955,000 4,503,205
2012 4,965,000 1,448,981 7,990,000 4,119,600
2013-2017 28,795,000 3,467,132 38,665,000 14,943,326
2018-2022 - - 38,395,000 7,443,112
2023 - - 8,740,000 415,150
$ 58,070,000 $ 13,197,263 $ 135,565,000 $ 47,569,223
Component Units
Year Ending
Revenue Bonds
September 30 Principal Interest
2008 $ 3,405,000 $ 6,602,872
2009 3,600,000 6,753,532
2010 4,190,000 6,602,188
2011 4,430,000 6,423,140
2012 4,680,000 6,230,965
2013-2017 28,075,000 27,609,179
2018-2022 37,665,000 19,884,481
2023-2027 50,030,000 9,421,509
2028-2029 8,795,000 582,750
$ 144,870,000 $ 90,110,616
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