Comprehensive Annual Financial Report - Cobb County
Comprehensive Annual Financial Report - Cobb County
Comprehensive Annual Financial Report - Cobb County
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COBB COUNTY, GEORGIA<br />
NOTES TO FINANCIAL STATEMENTS<br />
September 30, 2007<br />
Note 12. Interfund Balances and Transfers (Continued)<br />
Nonmajor Governmental Funds General Fund 18,518,333<br />
Fire District Fund 13,008,866<br />
2006 SPLOST Fund 2,687,038<br />
Solid Waste Fund 162,255<br />
Nonmajor Governmental Funds 847,275<br />
Nonmajor Business Type Funds 100,000<br />
35,323,767<br />
Internal Service Fund General Fund 10,905,258<br />
Fire District Fund 3,100,000<br />
Solid Waste Fund 107,238<br />
14,112,496<br />
Fiduciary Fund General Fund 555,085<br />
62<br />
$ 53,000,478<br />
All interfund balances are due either to timing differences or to the elimination of negative cash<br />
balances within the various funds. All interfund balances are expected to be repaid during the fiscal year<br />
ending September 30, 2008.<br />
Advance from/to other funds:<br />
Receivable Fund Payable Fund Amount<br />
General Fund Solid Waste Fund $ 1,476,219<br />
Nonmajor Business-Type Funds 1,200,000<br />
$ 2,676,219<br />
Water and Sewer Fund Solid Waste Fund $ 19,768,791<br />
The amounts payable to the General Fund and the Water and Sewer Fund relate to financing for cash<br />
purposes and are not subject to be repaid in the subsequent year.<br />
General<br />
Fire District<br />
Transfer In<br />
2006 Water and Solid<br />
SPLOST Sewer Waste<br />
Nonmajor<br />
Governmental<br />
Nonmajor<br />
Business-Type<br />
Transfer out:<br />
Fund<br />
Fund<br />
Fund<br />
Fund<br />
Fund<br />
Funds<br />
Funds<br />
Total<br />
General Fund $ - $ - $ - $ 3,021,593 $ 8,890,821 $ 20,776,843 $ 7,450,994 $ 40,140,251<br />
Fire District Fund - - - - - 12,627,807 - 12,627,807<br />
2006 SPLOST Fund 361,908 - - - - 17,751,108 - 18,113,016<br />
Water and Sewer Fund 17,069,100 - 327,929 - - 1,278,219 - 18,675,248<br />
Solid Waste Fund - - - - - 176,088 - 176,088<br />
Internal Service Fund 172,832 20,098 - 16,932 - 1,114 - 210,976<br />
Nonmajor Governmental Funds 821,261 950,996 1,006,080 856,247 - 6,975,316 945,549 11,555,449<br />
Nonmajor Business-Type Funds - - - - - 145,428 - 145,428<br />
Total transfers out $ 18,425,101 $ 971,094 $ 1,334,009 $ 3,894,772 $ 8,890,821 $ 59,731,923 $ 8,396,543 $ 101,644,263<br />
Interfund transfers are used to (1) move revenues from the fund that statute or budget requires to collect<br />
them to the fund that statute or budget requires to expend them, (2) move receipts restricted to debt<br />
service from the funds collecting the receipts to the debt service fund as debt service payments become<br />
due, and (3) use unrestricted revenues in the general fund to finance various programs accounted for in<br />
other funds in accordance with budgetary authorizations.
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