FAIRBURN CITY, GEORGIA

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1 FAIRBURN CITY, GEORGIA 1City of Fairburn, Georgia, Combined Public Utility Revenue Bonds, Series, $4,610,000, Dated: September 25, 2South Fulton Municipal Regional Water and Sewer Authority (Georgia) Revenue Refunding Bonds, Series, $34,585,000 Dated: July 1, 3City of Fairburn Combined Public Utility Taxable Refunding Revenue Bonds, Series 2013, $9,310,000 Dated: September 26, Downtown Development Authority of Fairburn Revenue Bonds (Educational Campus Project), Series 2011, $15,280,000 Dated: September 20, City of Fairburn, Georgia General Obligation Bonds, Series 2011, $10,415,000 Dated: March 9, 2011 Series WS Millage Rates CAFR page 67 Fairburn The County Incorporated Incorporated School State of Fiscal Year M&O Bond M&O Bond District Georgia Total Series WS M&O Tax Digest Questionnaire Page 2 Real & Personal Property Public Utilities Motor Vehicles Mobile Homes Timber 100% Heavy Equipment Gross Tax Digest Less Bond Exemptions Net Bond Tax Digest Gross Tax Digest Less M&O Exemptions Net M&O Tax Digest6 Estimated Actual Value Series WS Ten Largest Taxpayers CAFR page 68 Assessed Value Gross as a % of M&O Assessed Value Gross Taxes Levied Taxpayer Type of Business for the City Assessed Value for the City

2 Series WS M&O Tax Levies and Collections Current Year s M&O Tax Levy Total Tax Collections Total Tax Collections as a Percent of Current Year s Levy Uncollected Current Year s Taxes MEAG Report Series WS Current Budget Fiscal Year Ended September 30 Revenues Taxes Licenses and Permits Charges for Services Fines and Forfeitures Investment Income Contributions/Donations Miscellaneous Revenue Other Financing Sources Total Revenues Expenditures Mayor and Council City Clerk City Administrator Finance Technology Human Resources Property Management Court Police Fire Public Works Administration Streets Maintenance Recreation Code Enforcement Planning and Zoning Economic Development Total Expenditures Excess of Revenues Over (Under) Expenses Other Financing Sources (Uses) Transfers Total Other Financing Sources (Uses) Excess of Revenues and Other Sources Over (Under) Expenditures and Other Uses See 15 Budget 2015

3 Series, 2013 Electricity Rates and Connection Fees CPURB Series Page 16 Residential Rates: Service Charge: First 650 KWHs Next 350 KWHs Over 1000 KWHs Summer Rate: Winter Rate: Commercial Rates: Service Charge: First 3,000 KWHs Next 7,000 KWHs Next 190,000 KWHs Over 200, 000 KWHs Series, 2013 Number of Electric Customers CPURB Series Page 16 Commercial/ Total Year Residential Industrial Customers Series, 2013 Largest Electric Customers CPURB Series Page 17 Total Customer Annual Billing

4 Series, 2013 Water and Sewer Rates and Tap Fees CPURB Series Page 18 Water Billing Rates Sewer Billing Rates Class Rates Class Rates Single Family Inside Single Family Inside Supply Charge Volume Charge Delivery Charge Collection Charge First 4,000 Gallons First 4,000 Gallons 4,001 8,000 Gallons 4,001 8,000 Gallons Over 8,000 Gallons Over 8,000 Gallons Single Family Outside Single Family Outside Supply Charge Volume Charge Delivery Charge Collection Charge First 4,000 Gallons First 4,000 Gallons 4,001 8,000 Gallons 4,001 8,000 Gallons Over 8,000 Gallons Over 8,000 Gallons Multi Family Inside Multi Family Inside Supply Charge Volume Charge Delivery Charge Collection Charge First 4,000 Gallons First 4,000 Gallons 4,001 8,000 Gallons 4,001 8,000 Gallons Over 8,000 Gallons Over 8,000 Gallons Multi Family Outside Multi Family Outside Supply Charge Volume Charge Delivery Charge Collection Charge First 4,000 Gallons First 4,000 Gallons 4,001 8,000 Gallons 4,001 8,000 Gallons Over 8,000 Gallons Over 8,000 Gallons Commercial Inside Supply Charge Delivery Charge Summer (May October) Winter (November April) Commercial Inside Volume Charge Collection Charge Summer (May October) Winter (November April) Commercial Outside Supply Charge Delivery Charge Summer (May October) Winter (November April) Commercial Irrigation Supply Charge Delivery Charge All Gallons Water and Sewer Tap Fees for Residential and Commercial 1" 2" 3" 4' 6" 8" Water Sewer CPURB Series Page 19

5 Series, 2013 Water system Demands CPURB Series Page 19 Average Daily Demand (GPD) Maximum Daily Demand (GPD) (Based on Peak Month) Series, 2013 Number of Water and Sewerage Customers CPURB Series Page 19 Water Sewer Commercial/ Total Year Residential Industrial Customers Total Series, 2013 Largest Water Customers Customer Total CPURB Series Page 20 Annual Billing Series, 2013 Largest Sewer Customers Customer Total CPURB Series Page 20 Annual Billing

6 Series, 2013 City of Fairburn, GA Water and Sewer Fund Summary of Operating Results CAFR Page 22 Operating Revenues Charges for Services Miscellaneous Income Total Operating Revenues Expenses Cost of Sales General Operating Expenses Personnel Services Administrative Expenses Depreciation Expense Other Operating Expenses Total Operating Expenses Net Operating Income (Loss) Nonoperation Revenues (Expenses) Interest on Investments Intergovernmental Revenue Interest Expense Net gain on disposition of assets Interest on Notes Receivable Capital Lease Interest Interest on Bonds Amortization Cost of Issuance Amortization Series 2000 Bonds Ref. Bad Debt Expense GEFA Interest Total Non op. Revenues (Expenses) Income Before Operating Transfers Transfers In Transfers Out (Unspecified) Transfer From (To) General Fund Transfers to E 911 Fund Transfer to Telecom Fund Total Transfers Out Net Income (Loss) Total Net Assets, Beginning of Year Prior Period Adjustment Total Net Assets, Beg. of Year, Restated Total Net Assets, End of Year

7 Series, 2013 City of Fairburn, GA Electric Fund Summary of Operating Results CAFR Page 22 Operating Revenues Charges for Services Miscellaneous Income Total Operating Revenues Expenses Cost of Sales General Operating Expenses Personnel Services Administrative Expenses Depreciation Expense Other Operating Expenses Total Operating Expenses Net Operating Income (Loss) Nonoperation Revenues (Expenses) Interest on Investments Interest Income Interest Expense Interest on Notes Receivable Capital Lease Interest Bad Debt Expense Total Non op. Revenues (Expenses) Income Before Operating Transfers Transfers Out (Unspecified) Transfer From (To) General Fund Transfer to Telecom Fund Total Transfers Out Net Income (Loss) Total Net Assets, Beginning of Year Prior Period Adjustment Total Net Assets, Beg. of Year, Restated Total Net Assets, End of Year

8 City General Fund History CAFR Page 18 Revenues Property Tax Excise Taxes Licenses and Permits Charges for Services Fines and Forfeitures Intergovernmental Revenue Interest on Investments Other Local Revenue Total Revenues Expenditures Mayor and Council Administration1 City Clerk Finance Technology Property Management Court Services Police Fire Public Works Admin. Streets Recreational Program Inspection and Enforcement Planning and Zoning Debt Service Total Expenditures Excess (Deficiency) of Revenues Over Expenditures Other Financing Sources (Uses) Transfers In Transfers Out Capital Leases Total Other Financing Sources (Uses) Excess (Deficiency) of Revenues Over Expenditures After Other Financing Sources (Uses) Fund Balance, Beginning of Year ) Prior Period Adjustment Fund Balance, Beginning of Year, Restated Fund Balance, End of Year Capital Assets CAFR Page 38 Department Land Building and Improvements Machinery, Vehicles and Equipment Infrastructure Total Cost

9 Tax Revenues by Source CAFR Page 65 Motor Vehicle Franchise Insurance Beer, Wine and Hotel/Motel Fiscal Year Property Tax Sales Tax Tax Tax Premium Tax Liquor Tax Tax Other Total Analysis of Funding Progress CAFR Page 45 Note 10 Total Unfunded Ratio of Unfunded Actuarial Value Funded AL (Funding Annual Covered to Annual Covered Fiscal Year of Assets AAL Ratio Excess) Payroll Payroll Current Insurance Coverage CAFR Page 47 Note 14 Type Amount in Force Property Type General Liability Personal and Advertising Injury Liability Automobile Liability Employee Benefits Liability Workers' Compensation Limits of Liability Each Occurrence Aggregate Historical Property Tax Data CAFR Page 66 Assessed Values Real&Personal Public Motor Mobile Gross Tax Bond GO Bond M&O Net M&O Tax Estimated Fiscal Year Property Utilities Vehicles Homes Digest Exemptions Digest Exemptions Digest Actual Value

10 Millage Rates of the City and Overlapping Governments CAFR Page 67 Total City Fulton County State of Fiscal Year M&O Millage Rollback Assessed Fulton County School System Georgia Total Ad Valorem Property Tax Levy and Collections MEAG Report Percentage of Percentage of Tax Collections Collection of Total Tax Collected in Collected in Current Year's Collections Fiscal Year Tax Levy Levy year Subsequent Years Total Levy to Tax Levy to Tax Levy Series 2011 Estimated Value of Total Tax Liens (or Fi Fas) Owned by the City Fiscal Year Ended September 30, NA Ten Largest Taxpayers of the City CAFR Page 68 Fiscal Year Ended September 30 Taxpayer Nature of Business Assessed Valuation Valuation Series WS, 2011, 2011 GO Summary of City Debt by Category CAFR Page 41 Note 8 Fiscal Year Ended September 30 Amount Outstanding Amount to Be Amount Authorized (less Sinking Fund Outstanding Upon Category of Debt but Unissued Installments Paid) Issuance of Bonds Total

11 Debt Service Requirements CAFR Page 41 Note 8 Total Debt Fiscal Year Ending General Obligation Revenue Capital Service 30 Sep Bonds Bonds Notes Leases Requirements Total Overlapping Debt CAFR Page 71 Percent of Amount Amount of Outstanding Outstanding Name of Overlapping Outstanding Debt Debt Chargeable to Debt Chargeable to Property (Less Sinking Fund) Property in the City Property in the City Total Debt Ratios CAFR Page 71 Direct Tax Overlapping Tax Overall Tax Supported Debt Supported Debt Supported Debt Per Capita As a Percentage of Assessed Value of Taxable Property As a Percentage of Estimated Market Value of Taxable Property Debt History CAFR Page 41 Note 8 Amount Outstanding as of September 30, Category of Liabilities Short Term Long Term Total Series WS, 2011, 2011 GO Computation of Legal Debt Margin CAFR Page 72 Fiscal Year Ended September 30 Gross Tax Digest for the City as of January 1, Less Bond Exemptions Net Bond Tax Digest Debt Limit (10% of Net Bond Tax Digest) Less Amount of Debt Outstanding, after Issuance of the Bonds, Applicable to Debt Limit Legal Debt Margin

12 City of Fairburn City General Questionnaire Ques. # General Information: Response: Response: (a) Questionnaire completed by David Smith, CPA David Smith, CPA (b) Telephone number (c) County Fulton Fulton (d) Incorporated Area (Sq. Miles) (e) Population per 2010 U.S. Decennial Census 12,950 12,950 (f) Assessed value as a % 40% 40% of actual value 2 Property Assessments: (a) Gross Real Estate (Real Property) $ 342,544,370 $ 346,405,540 (b) Less Exemptions: Homestead 184,248, ,425,366 Other - (c) Net Real Estate (a)-(b) 158,296, ,980,174 (d) Gross Personal Property 326,561, ,934,510 (e) Less Exemptions: Freeport - Other - (f) Net Personal Property (d)-(e) 326,561, ,934,510 (g) Public Utilities 14,072,114 13,301,506 (h) Motor Vehicles & Mobile Homes 28,997,508 34,270,400 (i) Net Tax Digest (c)+(f)+(g)+(h) 527,926, ,486,590 (j) Less Extra School Tax Exemptions - (k) Net Tax School Digest (i)-(j) $ 527,926,872 $ 503,486,590 3 Local-option sales tax collections: (a) Date effective Percentage Amount Percentage Amount (b) Rec'd. by the City from the State 1.00% 3,415, % $ 1,416,172 Ques. # Ten Largest Taxpayers: Name Assessed Value Taxes Levied Name Assessed Value Taxes Levied Helicopter Support Inc $ 54,643,750 $ 530,044 Development Auth of Fulton Co $ 28,840,764 $ 112,055 Ralston/Nestle Purina Petcare Compa 32,842, ,577 M D Hodges Enterprises 20,636,880 29,421 Owens Corning 16,052, ,709 Nestle Purina Petcare Co. 15,281, ,810 M.D. Hodges Enterprises 9,513,760 92,283 DCT Southcreek Eagles Landing 13,376,800 85,135 DCT Southcreek Eagles Landing 8,776,800 85,135 Owens Corning 9,389, ,899 USF Propco II LPC 8,709,530 84,482 Toto USA 9,198,396 10,075 Development Authority of Fulton Co 8,672,800 84,126 USF Propco II LPC 8,590,480 83,328 MOBIS Parts America, LLC 6,554,516 63,579 Exel Logistics 6,542,960 22,616 Exel Logistics 5,638,120 54,690 Navistar, Inc. 6,042,232 22,524 Patrician CF LLC 5,400,000 52,380 Ralston Purina 5,666,000 54,960 Totals $ 156,804,769 $ 1,521,006 $ 123,565,680 $ 877,823 5 Ten Largest Employers: (a) (b) Private: Private: Name Product No. of Employees Name Product No. of Employees U.S. Food Services Food Distribution 695 U.S. Food Services Food Distribution 695 Porex Corporation Porous Plastic Components 420 Porex Corporation Porous Plastic Components 420 Nestle Purina Petcare Co. Pet Food 315 Nestle Purina Petcare Co. Pet Food 315 Strack, Inc. Building Supplies 300 Strack, Inc Building Supplies 300 Owens Corning Thermal and Acoustical Insulation Mfg 288 Owens Corning Thermal and Acoustical Insulation Mfg 288 Exel Logistics Logistics Provider 262 Exel Logistics Logistics Provider 262 Adesa Atlanta LLC Vehicle Remarketing Services 200 Reynolds, Inc./Layne Water and Groundwater Systems 200 Layne Heavy Civil/ Reynolds, Inc. Water and Groundwater Systems 200 Adesa Atlanta LLC Vehicle Remarketing Services 200 Prism Pointe Technologies Information Technology Services 150 Prism Pointe Technologies Information Technology Services 159 LTI Flexible Products Rubber Extrusion Mfg 150 LTI Flexible Products Rubber Extrusion Mfg 150 Government: Government: Name No. of Employees Name No. of Employees Government: - Name General Obligation Bond ratings: Fitch Ratings - Moody's Investors Services - Standard & Poor's AA- A+ Stable MEAG Fairburn Questionnaires City General 3/30/2015

13 City of Fairburn Electric System Questionnaire Ques. # General Information: Response: Response: (a) Questionnaire completed by Gene Fritz Gene Fritz (b) Telephone Number ext ext Electric System Data: (a) Year System Established (c) Miles of Line (b) Number of Employees 10 9 (d) Service Area (Sq. miles) Fiscal year Power Sales: No. of Customers (MWh) $ No. of Customers (MWh) $ (a) Residential 2,601 31,702 $ 3,436,332 2,587 28,796 $ 3,072,796 (b) Industrial 3 12,584 1,071, ,857 1,030,231 (c) Commercial ,320 2,595, ,496 2,616,659 (d) Other (e) Used by City (Not Billed ) 1,562 1,562 (f) Estimated Power Losses 6,837 4,789 (g) Sales Tax Billed - Totals 2,996 72,005 $ 7,103,367 2,984 67,500 $ 6,719,686 4 Ten Largest Customers: Name MWh Used $ Billed (incl. sales tax) Name MWh Used $ Billed (incl. sales tax) US Foods 8,309 $ 678,638 US Foods 8,801 $ 662,291 Adesa Car Auction 3,142 $ 277,503 Adesa Car Auction 2,982 $ 260,023 City of Fairburn 1,142 $ 273,238 Food Depot 1,799 $ 167,259 Landmark Christian 1,604 $ 187,373 Landmark Christian 1,409 $ 171,673 Food Depot 1,827 $ 168,886 Impreglon 1,312 $ 146,358 Impreglon 1,253 $ 138,462 AT & T 1,453 $ 135,361 Exel (SC Johnson) 1,133 $ 115,698 Exel (SC Johnson) 1,074 $ 107,917 AT&T 1,372 $ 131,296 Campbell Elem 998 $ 115,903 Campbell Elem 1,015 $ 113,438 Electrolux 728 $ 85,604 Newco Enterprises 801 $ 108,694 Fulton Co BO Ed 443 $ 104,106 5 Bond ratings: Electric Combined Utility Electric Combined Utility Fitch Ratings - Moody's Investors Services - Standard & Poor's AA- A+ Stable MEAG Fairburn Questionnaires Electric System 3/30/2015

I further certify that the information has been taken from the records of the City, or other sources deemed to be reliable, and

14 Certificate I certify that the information included in the City General and Electric System worksheets of this file has either been completed by me or at my direction and reviewed by me. I further certify that the information has been taken from the records of the City, or other sources deemed to be reliable, and that, to the best of my knowledge and belief, the information contained herein may be relied upon. Signature Fairburn City Finance Director 2/24/2015 Title Date MEAG Fairburn Questionnaires Certificate 3/30/2015

INDEPENDENT ACCOUNTANT S REPORT To the Honorable Mayor and Members of the City Council Fairburn, Georgia We have audited, in accordance with auditing standards generally accepted in the United States

15 INDEPENDENT ACCOUNTANT S REPORT To the Honorable Mayor and Members of the City Council Fairburn, Georgia We have audited, in accordance with auditing standards generally accepted in the United States of America, the financial statements of the governmental activities, the business-type activities, each major fund, and the aggregate remaining fund information of the City of Fairburn, Georgia, as of and for the fiscal year ended September 30,, which collectively comprise the City of Fairburn, Georgia s basic financial statements and have issued our report thereon dated March 13, In connection with our audit, nothing came to our attention that caused us to believe that the City of Fairburn, Georgia failed to comply with the instructions provided by the Municipal Electric Authority of Georgia (MEAG) for the preparation of the MEAG Questionnaire insofar as they relate to accounting matters. However, our audit was not directed primarily toward obtaining knowledge of such noncompliance. This report is intended solely for the information and use of the management of the City of Fairburn, Georgia and the Municipal Electric Authority of Georgia, and is not intended to be and should not be used by anyone other than these specified parties. Atlanta, Georgia March13, GALLERIA PARKWAY S.E., SUITE 1700 ATLANTA, GA FAX Members of The American Institute of Certified Public Accountants RSM International

16 City of Fairburn Auditor's Questionnaire 2013 CPA Firm: Mauldin & Jenkins, LLC Mauldin & Jenkins, LLC Questionnaire Completed by: David Smith, CPA David Smith, CPA Telephone Number: Section Ques. # I. Tax Digest: 1 Assessed Value of: (a) Gross Real Property (40% of FMV) $ 342,544,370 $ 346,405,540 (b) Less Homestead and Other Exemptions 184,248, ,425,366 (c) Net Real Property (a)-(b) 158,296, ,980,174 (d) Gross Personal Property 326,561, ,934,510 (e) Less Freeport Exempt. (if applicable) - - (f) Less Exemptions other than Freeport - - (g) Net Personal Prop. (d)-(e)-(f) 326,561, ,934,510 (h) Net Real & Personal Property for City Bonds (c)+(g) 484,857, ,914,684 (i) Less Extra Homestead Exemption for City School Taxes (Note 1) - - (j) Net Real & Personal Property Digest for School Tax Levy (h)-(i) 484,857, ,914,684 (k) Public Utilities (Note 2) 14,072,114 13,301,506 (l) Motor Vehicles and Mobile Homes (Note 3) 28,997,508 34,270,400 (m) Net Tax Digest for City Bonds and Operating Tax (h)+(k)+(l) $ 527,926,872 $ 503,486,590 (n) Net Tax Digest for City School Bonds & School Operation (j)+(k)+(l) $ 527,926,872 $ 503,486,590 2 Millage Rates: (a) City 9.82% 9.70% (b) City School 0.00% 0.00% 2013 Section Ques. # II. Tax Levy: 1 City $ 4,432,824 $ 4,238,470 2 City School Total Levy $ 4,432,824 $ 4,238,470 III. Tax Collections: 1 Current Levy $ 3,796,397 $ 3,898,484 2 Not on Digest Collect. (Prior) Collect. of Prior Year's Tax Penalties & Interest Total Collections $ 3,796,397 $ 3,898,484 IV. Uncollected Taxes: 1 Current Year Taxes $ 636,427 $ 339,986 2 Current Year Taxes Errors and Releases 3 Prior Year Taxes $ 183,345 $ 192,081 4 Prior Year Taxes Errors and Releases $ - $ - 5 Prior Year Taxes Charged Off as Uncollectible $ - $ -

17 Certificate I certify that the information included in the Auditor's Questionnaire worksheet of this file has either been completed by me or at my direction and reviewed by me. I further certify that the information has been taken from the records of the City of Fairburn, Georgia or other sources deemed to be reliable, and that, to the best of my knowledge and belief, the information contained in the Questionnaire may be relied upon. Signature Date Title City Firm Name

Fairburn, GA, City of (GA)

Fairburn, GA, City of (GA) 1City of Fairburn, Georgia, Combined Public Utility Revenue Bonds, Series 2014, $4,610,000, Dated: September 25, 2014 2South Fulton Municipal Regional Water and Sewer Authority