Rockdale County, Georgia

Transcription

1 Rockdale County, Georgia 1 Association County Commissioners of Georgia Leasing Program Refunding Certificates of Participation (Rockdale County, Georgia Public Purpose Projects), Series 2006, $8,155,000 Dated: April 12, Conyers-Rockdale-Big Haynes Impoundment Authority (Georgia) Revenue Bonds, Series 1998, $10,000,000 Dated: November 30, 1998 Series 2006, 1998 If the accounting principles changed from the previous Fiscal Year and if such changes are material to the County, a description of the impact of the change Please insert required information N / A Series 2006, 1998 A statement indicating that the Fiscal Year has not changed, or, if the Fiscal Year has changed, a statement indicating the new Fiscal Year Please insert required information N / A The County Series 2006 Ten Largest Employers Employers Industry Number of Employees 1 Rockdale County Public School System Education 2,392 2 Rockdale Medical Center Health 1,300 3 Acuity Brands/Lithonia Lighting Manufacturing 1,280 4 Rockdale County Government 1,000 5 AT&T Communications 8,000 6 Hill-Phoenix Manufacturing 8,000 7 PRATT Industries Manufacturing Golden State Foods Food Southeast Connections Construction Warner Bros/Bonanza Productions Motion Picture Production 350 County Debt Structure Series 2006 Summary of County Debt by Category and Overlapping Debt Amount of Category of Debt Outstanding Debt Direct Debt: General Obligation Bonds Intergovernmental Contracts $95,895,000 Lease Purchase $9,332,708 Total Direct $105,227,708 Overlapping debt: Conyers: Intergovernmental Contracts Lease Purchase $3,555,000 Total $3,555,000 Total Direct and Overlapping $108,782,708 Series 2006 Debt History Category of Debt 2016 Current Liabilities $5,246,817 Long-Term Liabilities $41,127,907 Total $46,374,724 Series 2006 Limitations on County Debt Computation of Legal Debt Margin (in thousands) Net General Obligation Bond Tax Digest $2,411,855 Debt Limit (10% of Assessed Value) $241,186 Amount of Debt Applicable to Debt Limit Legal Debt Margin $241,186

2 County Ad Valorem Taxation Series 2006, 1998 Property Tax Digest (in thousands) Property Type 2016 Residential $1,348,017 Commercial $602,654 Industrial $277,299 Utilities $61,917 Vehicles $86,580 Other $35,388 Gross Tax Digest $2,411,855 Less: Bond Exemption Net Tax Digest for Bond Purposes $2,411,855 Gross Tax Digest $2,411,855 Less: M&O Exemptions $416,758 Net Tax Digest for M&O Purposes $1,995,097 Series 1998 Property Tax Levies and Collections Total Collected Within Percentage of Total Tax Collections in Percentage of Collected Year Tax Levy Year of Levy Collections to Levy Subsequent Years Taxes to Tax Levy 2015 $70,673,255 $69,139, % 97.83% Series 1998 Millage Rates Tax State of City of Total Year County School Georgia Conyers Series 2006, 1998 Ten Largest Taxpayers Fiscal Year Ended December 31, 2015 Percentage of County Taxpayer Assessed Valuation Gross Assessed Valuation 1 Pratt/visy Industries 34,110, % 2 Bio Lab Inc. 25,654, % 3 Rockdale Hospital LLC 25,085, % 4 AT &T Coporation 18,722, % 5 Golden State Foods 18,161, % 6 HH Conyers Crossroads LLC 15,367, % 7 Georgia Power Company 13,724, % 8 Snapping Shoals EMC 11,984, % 9 Lake St James TIC 10,323, % 10 Atlanta Gas Light Co 7,461, % 180,595, % Totals 2,411,855,000 County Financial Information Series 2006 Rockdale County General Fund History Revenues: 2016 Taxes $36,734,093 Licenses and Permits $479,022 Intergovernmental $556,204 Charges for Services $4,456,576 Fines and forfeitures $2,046,470 Investment Earnings $208,792 Miscellaneous $663,283 Total Revenues $45,144,440 Expenditures: General Government $15,143,230 Judicial $6,441,096 Public Safety $32,366,802 Public Works $2,442,495 Parks & Recreation $2,277,511 Health and Welfare $285,050 Debt Service $1,699,957 Total Expenditures $60,656,141 Excess (Deficiency) of Revenues over (under) Expenditures ($15,511,701) Other Financing Sources (Uses): Operating Transfers in $14,411,830 Operating Transfers Out Transfers to Component Units Total Other Financing Sources (Uses) $14,411,830 Net Change in Fund Balance ($1,099,871) Beginning Fund Balance $39,404,436 Ending Fund Balance, Dec 31 $38,304,565

3 Series 2006, 1998 Budgetary Process and Budget Fiscal Year Ended December 31, 2017 General Fund Budget Revenues: Taxes $32,440,588 Licenses and Permits $382,597 Charges for Services $4,254,452 Fines and Forfeitures $2,152,327 Investment Income $91,064 Miscellaneous Revenue $1,183,454 Other Financing Sources: Operating Transfers In- E911 $1,272,489 Operating Transfers In- HOST $14,008,838 Operating Transfers In- Fund Balance $6,634,347 Sale of General Fixed Assets $14,186 Total Other Financing Sources $21,929,860 Total Revenue: $62,434,342 Expenses: Board of Commissioners $1,001,190 Clerk of Courts $1,846,208 Cooperative Extension $224,543 Coroner $142,452 District Attorney $1,484,435 E911 $1,797,546 Economic Development & Assist $150,000 Elections $580,804 Animal Control $320,231 EMS $484,000 Finance $4,950,637 Fire Department $9,872,496 Transportation $2,442,495 Health and Welfare $284,700 Human Resources $771,880 Juvenile Court $703,555 Libraries $930,684 Magistrate Court $551,386 MIS $1,276,267 Probate $530,934 Community Relations $285,434 Public Defender $573,962 Parks & Recreation $1,351,980 Planning & Development $1,178,844 Recreation & Maint $4,657,115 Senior Services $925,531 Sheriff $20,692,065 State Court $406,142 Superior Court I $176,041 Superior Court II $168,433 Tax Assessors $722,333 Tax Commissioner $950,019 Total $62,434,342

4 Rockdale County Water & Sewer Authority (GA) 1 Rockdale County (Georgia) Water and Sewerage Authority Taxable Refunding Revenue Bonds, $98,770,000 Dated: April 11, 2013 Five Year Operating History Summary of Operating Results Operating Revenues: Water and sewer sales $24,750,452 $24,749,142 $28,827,292 $30,776,949 $32,139,184 Water and sewer connection charges 278,861 1,118, ,089 1,034, ,092 Late charges 856, , , , ,272 Total Operating Revenues 25,886,181 26,655,812 30,298,305 32,687,150 33,688,548 Operating Expenses: Salaries and employee benefits 4,947,549 5,333,337 5,350,379 5,846,642 5,862,266 Operating services and charges 5,782,889 6,882,535 6,562,438 6,997,110 9,324,384 Maintenance and repairs 493, , , , ,964 Supplies and other expenses 3,145,284 3,216,138 3,803,119 4,071,541 1,433,662 Depreciation 7,000,890 7,225,011 7,405,364 7,619,493 7,660,659 Total Operating Expenses 21,370,319 23,421,538 24,008,386 25,238,517 25,070,935 Operating income (loss) 4,515,862 3,234,274 6,289,919 7,448,633 8,617,613 Non-operating Revenues (Expenses): Interest income 28,217 26,201 28,401 Miscellaneous income 170,837 9, ,375 67,905 40,891 Interest expense (4,973,732) (3,865,740) (3,402,607) (3,171,680) (3,165,382) Amortization of bond costs (189,484) (168,824) Loss on Disposal of Capital Assets (412,262) Total Non-operating revenues (expenses) (5,376,424) (3,998,804) (3,142,831) (3,103,775) (3,124,491) Income (loss) before capital donations and transfers (860,562) (764,530) 3,147,088 4,344,858 5,493,122 Capital donations Transfers in 1,047, ,738 2,320,193 1,441,443 Transfers out (976,625) (955,625) (1,030,125) (997,750) (974,500) Change in net assets (790,011) (1,334,417) 4,437,156 3,347,108 5,960,065 Prior Period Adjustment (361,592) Net assets - beginning, as restated (2015) 123,161, ,009, ,675, ,580, ,927,626 Net assets - ending $122,009,571 $120,675,154 $125,112,310 $126,927,626 $132,887,691

5 Five Year Balance Sheet Current assets $33,528,973 $34,844,047 $39,214,416 $44,741,274 $34,741,416 Noncurrent restricted assets 490, , ,535 Debt issuance costs Capital assets, net of accumulated depreciations 196,379, ,001, ,366, ,030, ,496,681 Total Assets $230,398,924 $225,346,984 $227,139,997 $225,772,015 $228,238,097 Deferred Charge of refunding (Out flows of resources) $4,128,695 $10,223,304 $9,527,956 $9,116,327 $9,015,384 Current liabilities $12,146,263 $12,111,518 $13,534,224 $13,704,896 $13,875,568 Noncurrent liabilities 100,371, ,783,616 98,021,418 94,255,820 90,490,222 Total liabilities $112,518,048 $114,895,134 $111,555,642 $107,960,716 $104,365,790 Net Assets Invested in capital assets, net of related debt $97,325,671 $87,413,610 $99,242,205 $97,249,478 $102,784,295 Restricted for debt service 1,328, , ,005 6,077,606 8,671,412 Unrestricted 23,355,346 33,160,039 25,769,100 23,600,542 21,431,984 Total Net Assets $122,009,571 $120,675,154 $125,112,310 $126,927,626 $132,887,691 Debt Service Coverage 2016 Net Revenues Available for Debt Service(1) $16,319,163 Debt Service (excludes Series 1998 Bonds and the Note) (2) $7,699,912 Debt Service Coverage Ratio 2.12 Actual Debt Service on all Debt $8,671,412 Debt Service Coverage Ratio 1.88 (1) Equals total operating and non-operating revenues of the System (exclusive of interest income on construction funds andamortization) extraordinary gains or losses) less operating and nonoperating expenses (exclusive of depreciation, interest expense and amortization). (2) The Series 1998 Bonds and the Note are not secured by a lien on System revenues, but are being paid from such revenues. (4) Includes debt service on Series 1999 Bonds and Series 2005 Bonds. (5) Includes debt service on Series 2005 Bonds only. Operating Budget (Accrual Basis of Accounting) Fiscal Year Ended December 31, 2017 Operating Revenues: Water and Sewer Sales $28,613,040 Water and Sewer Connection Charges $105,000 Late Charges $800,000 Miscellaneous Income $18,260 Total Operating Revenue $29,536,300 Operating Expenses: Salaries and Employee Benefits $6,558,004 Operating Services and Charges $9,663,076 Maintenance and Repairs $804,066 Supplies and Other Expenses $1,655,088 Total Operating Expenses $18,680,234 Operating Income (Loss) $10,856,066 Nonoperating Revenues (Expenses): PI Expense -7,671,912 Total Nonoperating Revenues (expenses) -7,671,912 Income (loss) before contributions and transfers $3,184,154 Transfers In Transfers Out -971,500 Change in Net Assets 2,212,654 Net Assets- Beginning 126,927,626 Net Assets- Ending 129,140,280

6 Ten Largest Employers Employers Industry Number of Employees 1 Rockdale County Public School System Education Rockdale Medical Center Health Acuity Brands/Lithonia Lighting Manufacturing Rockdale County Government AT&T Communications Hill-Phoenix Manufacturing PRATT Industries Manufacturing Golden State Foods Food Southeast Connections Construction Warner Bros/Bonanza Productions Motion Picture Production 350 Summary of County Debt by Category and Overlapping Debt Amount of Category of Debt Outstanding Debt Direct Debt: General Obligation Bonds Intergovernmental Contracts $95,895,000 Lease Purchase $9,332,708 Total Direct $105,227,708 Overlapping debt: Conyers: Intergovernmental Contracts Lease Purchase $3,555,000 Total $3,555,000 Total Direct and Overlapping $108,782,708 Limitations on County Debt Computation of Legal Debt Margin (in thousands) Net General Obligation Bond Tax Digest $2,411,855 Debt Limit (10% of Assessed Value) $241,186 Amount of Debt Applicable to Debt Limit Legal Debt Margin $241,186

7 Property Tax Digest (in thousands) Property Type 2016 Residential $1,348,017 Commercial $602,654 Industrial $277,299 Utilities $61,917 Vehicles $86,580 Other $35,388 Gross Tax Digest $2,411,855 Less: Bond Exemption Net Tax Digest for Bond Purposes $2,411,855 Gross Tax Digest $2,411,855 Less: M&O Exemptions $416,758 Net Tax Digest for M&O Purposes $1,995,097 Ten Largest Taxpayers Fiscal Year Ended December 31, 2015 Percentage of County Taxpayer Assessed Valuation Gross Assessed Valuation 1 Pratt/visy Industries 34,110, % 2 Bio Lab Inc. 25,654, % 3 Rockdale Hospital LLC 25,085, % 4 AT &T Coporation 18,722, % 5 Golden State Foods 18,161, % 6 HH Conyers Crossroads LLC 15,367, % 7 Georgia Power Company 13,724, % 8 Snapping Shoals EMC 11,984, % 9 Lake St James TIC 10,323, % 10 Atlanta Gas Light Co 7,461, % 180,595, % Totals 2,411,855,000 Rockdale County General Fund History Revenues: 2016 Taxes $36,734,093 Licenses and Permits $479,022 Intergovernmental $556,204 Charges for Services $4,456,576 Fines and forfeitures $2,046,470 Investment Earnings $208,792 Miscellaneous $663,283 Total Revenues $45,144,440 Expenditures: General Government $15,143,230 Judicial $6,441,096 Public Safety $32,366,802 Public Works $2,442,495 Parks & Recreation $2,277,511 Health and Welfare $285,050 Debt Service $1,699,957 Total Expenditures $60,656,141 Excess (Deficiency) of Revenues over (under) Expenditures ($15,511,701) Other Financing Sources (Uses): Operating Transfers in $14,411,830 Operating Transfers Out Transfers to Component Units Total Other Financing Sources (Uses) $14,411,830 Net Change in Fund Balance ($1,099,871) Beginning Fund Balance $39,404,436 Ending Fund Balance, Dec 31 $38,304,565

8 Budgetary Process and Budget Fiscal Year Ended December 31, 2017 General Fund Budget Revenues: Taxes $32,440,588 Licenses and Permits $382,597 Charges for Services $4,254,452 Fines and Forfeitures $2,152,327 Investment Income $91,064 Miscellaneous Revenue $1,183,454 Other Financing Sources: Operating Transfers In- E911 $1,272,489 Operating Transfers In- HOST $14,008,838 Operating Transfers In- Fund Balance $6,634,347 Sale of General Fixed Assets $14,186 Total Other Financing Sources $21,929,860 Total Revenue: $62,434,342 Expenses: Board of Commissioners $1,001,190 Clerk of Courts $1,846,208 Cooperative Extension $224,543 Coroner $142,452 District Attorney $1,484,435 E911 $1,797,546 Economic Development & Assist $150,000 Elections $580,804 Animal Control $320,231 EMS $484,000 Finance $4,950,637 Fire Department $9,872,496 Transportation $2,442,495 Health and Welfare $284,700 Human Resources $771,880 Juvenile Court $703,555 Libraries $930,684 Magistrate Court $551,386 MIS $1,276,267 Probate $530,934 Community Relations $285,434 Public Defender $573,962 Parks & Recreation $1,351,980 Planning & Development $1,178,844 Recreation & Maint $4,657,115 Senior Services $925,531 Sheriff $20,692,065 State Court $406,142 Superior Court I $176,041 Superior Court II $168,433 Tax Assessors $722,333 Tax Commissioner $950,019 Total $62,434,342 Water and Sewer Customers Number of Accounts 2016 Water 25,200 Sewer 10,080 Total 35,280 Rates, Fees, and Charges Water Service Rates Base Fee Meter Size Minimum Bill 5/8 Inch $ Inch $ /2 Inch $ Inch $ Inch $ \ 4 Inch $ Inch $ Inch $1, Inch $1, Water Volume Charge Residential Customers Volume Charge Per 1,000 Gallons Block 1 0-3, ,000 Block 2 4,000-7,000 4,000-7,000 Block 3 8,000-12,000 8,000-12,000 Non-Residential Customers >13000 >13000 Irrigation Any Volume Any Volume Any Volume Any Volume Water Connection Fees Water Capital Cost Recovery Fees Meter Size Fees 5/8 Inch $1,400 1 Inch 3, /2 Inch 7,000 2 Inch 11,200 3 Inch 24,500 4 Inch 42,000 6 Inch 87,500

9 8 Inch 126, Inch 203,000 Water Meter Installation Fees 5/8 Inch Meter $905 - $1,040 1 Inch Meter $907 - $1, /2 Inch Meter $2,240 - $2,765 2 Inch Meter $2,320 - $3,105 3 Inch Meters and Larger Customer furnishes and installs all materials, per Rockdale County water standards and specifications. Sewer Service Rates Base Fee Meter Size Minimum Bills 5/8 Inch $ Inch $ /2 Inch $ Inch $ Inch $ Inch $ Inch $ Inch $1, Inch $1,663.80

10 Wastewater Volume Charge Volume Charge Per 1,000 Gallons Residential and Non-Residential Customers any volume $5.43 Industrial Monitoring Industrial Class Fee Per Month Level 1 $300 Level Level 3 25 Industrial Surcharge Allowable Limit Cost Per Pound BOD > 250 mg/l $0.24 TSS > 250mg/L $0.24 Ammonia > 20 mg/l $0.21 Phosphorus > 10 mg/l $3.19 Computation: Excess Chemical Factor X Liter factor (8.34) X effluent (MGD) X Per Pound Charge X # of Days Sewer Connection Fees Wastewater Capital Cost Recovery Fees Type of Installation Flow in GPD Apartment 1 & 2 Bedroom & 4 Bedroom 400 Clubhouse 500 Laundry Per Machine 400 Auditorium, Convention Center &Assembly Halls Per Capital Maximum Capacity 10 Bar, Tavern Per Seat 50 Campground Per Space 175 Car Wash Per Bay or Flow Calculation 750 Churches Per Seat 5 Coin Laundry Per Machine or Flow Calculation 400 Commercial Laundry Per Machine or Flow Calculation 640 Country Clubs Resident Member 100 Nonresident Member 25 Fast Food Per Seat 30 Heavy Industrial Flow Calculation *Calculated on a case by case basis Hospital Per Bed 200 Light Industrial Per Employee 25 Per Employee Shower 35 Motel & Hotel Per Unit w/restaurant 100 Per Unit w/o Restaurant 75 Offices Per 1,000 sf 175 Or Per Employee 25 Residence Single Family 400 Restaurant Per Seat 50 Retail & Shopping Centers Per 1,000 sf 100 Service Stations Per Car 10 Per Employee 25 Trailer Park Per Unit 300 Theatre/Drive-In Per Seat 5 Per Car Space 8 Warehouse Per 1,000 sf 50