1999 bonded indebtedness report [Aug. 2000]

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BONDED INDEBTEDNESS REPORT
GEORGIA DEPARTMENT OF COMMUNITY AFFAIRS
AUGUST 2000

1999 Bonded Indebtedness Report
Overview of the 1999 Bonded Indebtedness Survey
The 1999 Independent Authority Bonded Indebtedness Survey was administered to independent authorities in the State of Georgia in 1999. Georgia law defines an independent authority as separate from a local government, being "a local public body created in and for a county, municipality, consolidated government, or combination thereof, which is authorized to issue bonds under the Constitution and laws" of the state. The characteristics of an independent authority are being an organized entity, having governmental character, and having substantial autonomy. The authority must have some form of organization with it's own corporate powers to make contracts and to acquire and dispose of property. Authorities also evidence governmental character by having officers with a high degree of responsibility to the public. In addition, and perhaps most importantly, authorities evidence governmental character by having the power to issue debt-paying interest. An independent authority has autonomy when it possesses fiscal and administrative independence to determine its own budget, when it can fix and collect charges for its services and when it can issue debt without the review of another local government.

Revenues of Independent Authorities

Independent authorities reported total revenues amounting to just under $1.2 billion in FY 1999. Over 75% of the total revenues for independent authorities, $772 million, were derived from the collection of user fees. Revenues from contributions of local governments amounted to $140 million. Other revenues amounted to just under $139 million and funds from federal grants amounted to $90 million. State grants totaled $79 million and interest earnings totaled an additional $26 million.

Revenues of Independent Authorities, by Source: FY 1999
Interest earnings $26

State grants

$79

Federal grants

$90

Other
Local contributions
User Fees

$140 $140

$772

$0

$250

$500

$750

$1,000

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1999 Bonded Indebtedness Report

Expenditures of Independent Authorities

Authorities reported total expenditures amounting to $1.3 billion in FY 1999. Over 70% or $1 billion of these funds were spent for current operations. Construction costs totaled $102 million while spending for equipment, land and structures amounted to an additional $94 million. Expenditures for other purposes amounted to $63 million and interest expenditures amounted to a total of $52 million.

Expenditures of Independent Authorities, by Type: FY 1999
Interest expenditures $52

Other $63

Equipment, land,

$94

structures

Construction

$102

Current operations
$0

$500

$1,033

$1,000

$1,500

Authority Assets

Independent authorities reported real assets, other than cash and investment assets, totaling $2.2 billion at the end of FY 1999.

Independent authorities held a total of $956 million in cash and investment assets at the end of the 1999 fiscal year. A total of $456 million of this amount was held in the form of bond funds. Assets held in the form of general and all other funds amounted to $426 million while a total of $75 million was held in sinking funds.

Cash and Investment Assets Held EOY, by Type: FY 1999

Sinking funds

$75

Other funds

$426

Bond funds $0

$456

$250

$500

Millions ($)

$750

2

1999 Bonded Indebtedness Report
Debt Profile of Independent Authorities
Independent authorities held a total of over $1.5 billion in outstanding debt at the end of FY 1999. Almost all of this debt was held in the form of revenue bond debt as authorities held just $4.1 million in short-term debt. During the year authorities issued a total of $186 million in new debt while a total of $155 million in debt was retired. The amount of debt held by independent authorities increased by over $73 million from the beginning of the fiscal year until the end of the year. Authorities also paid a total of $77 million in interest during the year.

Type
Revenue bond Short-term Total

Debt Held by Independent Authorities: FY 1999 Millions ($)

Amount outstanding at beginning of
fiscal year

Amount issued during
fiscal year

Amount retired during
fiscal year

Amount outstanding at
at end of fiscal year

$1,419 $19
$1,438

$185 $2
$186

$139 $17 $155

$1,507 $4
$1,511

Amount of interest paid during fiscal year
$77
$1
$77

Summary by Type of Authority
Three types of authorities -- hospital, water and sewer, and housing -- dominate the financial picture of independent authorities in the state. The following analysis will focus on these authorities and their position in the financial picture.
Hospital authorities reported revenues totaling $964 million dollars in FY 1999, by far the largest revenue producer among authorities. Water and sewer authorities generated an additional $126 million in revenues during the year. These two types of independent authorities accounted for over 90% of the revenues generated by authorities in the fiscal year. Hospital authorities generated an additional $56 million in revenues.
Hospital authorities also reported expenditures amounting to $1.1 billion in the past fiscal year, almost 85% of the expenditures reported by authorities. Expenditures for water and sewer authorities totaled $139 million while expenditures of housing authorities amounted to $54 million.
Real property assets for hospital authorities totaled over $1 billion in the past fiscal year. Water and sewer authorities reported a total of almost $628 million in real
3

1999 Bonded Indebtedness Report
property assets while housing authorities accounted for an additional $282 million in real property assets. These three types of authorities accounted for almost 90% of the real property assets held by authorities in FY 1999.

Summary of Independent Authority Finances, By Type of Authority: FY 1999 Millions ($)

Type of Authority

Number reporting

Airport

7

Building

3

Development

61

Downtown Development

36

Hospital

30

Housing

55

Industrial Development

29

Multi-County Joint Development 14

Other

7

Parking

2

Public Service

1

Recreation

3

Regional Jail

1

Residential Care for the Elderly 5

Solid Waste Management

6

Stadium and Coliseum

1

Transit

2

Water and Sewer

13

Revenues
5,263,507 90,502
16,892,836 5,330,449
964,273,759 55,660,533 7,512,095 296,831 6,935,011 0 565,000 166,597 40,477 4,714,172 8,411,459 17,888,000 14,828,894
125,946,219

Expenditures
6,423,153 90,790
11,686,690 1,805,359
1,061,696,114 53,793,580 6,920,157 201,788 7,055,054 0 697,134 149,113 25,249 4,622,249 9,704,331 13,479,674 13,687,805
138,735,343

Real property
36,972,259 19,500,000 45,248,051
6,045,292 1,036,064,531
281,692,207 34,724,797
1,044,396 5,018,953
0 0 1,733,846 13,000,000 1,948,585 10,665,101 62,830,262 13,551,201 628,096,532

Cash and
investment assets
3,965,241 559,540
23,929,771 3,872,336
280,356,264 388,240,101
5,924,694 214,108
1,055,736 0 0
200,318 1,697,395 2,017,919 7,772,489 28,408,979 2,195,301 206,006,288

Outstanding debt held

end of fiscal year

revenue bond

short-term

6,130,000 27,210,280 143,086,507
9,642,340 624,257,023 321,119,683
9,457,949 0 0 0 0
1,685,000 12,275,000
6,400,000 6,390,000 73,380,000
0 266,380,741

0 0 2,139,395 106,000 734,931 543,642 354,980 0 2,076 0 0 0 0 100,000 96,000 0 0 18,812

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1999 Bonded Indebtedness Report
County/Authority
Appling County Downtown Development Authority of Baxley Total
Bacon County Alma Downtown Development Authority Total
Baldwin County Development Authority of City of Milledgeville and Baldwin County Housing Authority of City of Milledgeville Milledgeville MainStreet/Downtown Development Authority Total
Barrow County Barrow-Gwinnett Economic Development Authority Winder-Barrow Industrial Building Authority Total
Bartow County Adairsville Development Authority Cartersville Development Authority Cartersville-Bartow County Airport Authority Development Authority of Bartow County Development Authority of Cartersville Joint Development Authority of Bartow County and Pickens County Total
Ben Hill County Development Authority of Ben Hill County Fitzgerald-Ben Hill County Regional Solid Waste Authority Housing Authority of City of Fitzgerald Total
Berrien County Housing Authority of City of Nashville Total
Bibb County Development Authority of Bibb County Joint Development Authority of Bibb, Monroe, and Twiggs Counties

Revenues ($)

Expenditures ($)

Real property assets ($)

Cash assets ($)

Outstanding revenue bond debt EOY ($)

Outstanding short-term debt EOY ($)

0

0

0

0

0

6,000

0

0

0

0

0

6,000

28,896 28,896

28,357 28,357

200,000 200,000

13,851 13,851

0

45,000

0

45,000

1,779,975

582,737

612,361

1,084,096

565,000

0

1,243,206

710,000

9,721,283

175,278

0

0

68,780

53,000

10,045

45,370

0

0

3,091,961

1,345,737

10,343,689

1,304,744

565,000

0

0

0

0

0

0

0

57,673

123,288

171,286

314,240

0

0

57,673

123,288

171,286

314,240

0

0

844

0

0

15,617

0

0

16,121

0

0

0

0

0

0

0

0

0

0

0

55,000

40,000

0

491,169

0

0

0

0

0

0

0

0

0

0

0

0

0

0

71,965

40,000

0

506,786

0

0

0

0

0

0

0

0

916,611

904,357

551,817

21,856

0

0

1,135,543

1,058,172

5,743,823

445,757

169,858

0

2,052,154

1,962,529

6,295,640

467,613

169,858

0

384,034

241,596

5,724,104

532,572

0

0

384,034

241,596

5,724,104

532,572

0

0

52,528

3,463

0

119,465

0

0

0

0

0

0

0

0

5

1999 Bonded Indebtedness Report
County/Authority
Macon Water Authority Macon-Bibb County Transit Authority Total
Bulloch County Hospital Authority of Bulloch County Total
Burke County Burke County Economic Development Authority Development Authority of Burke County Total
Butts County Downtown Development Authority of City of Jackson Jackson Housing Authority Total
Camden County Camden County Public Service Authority Development Authority of St. Marys Downtown Development Authority of Kingsland Total
Candler County Development Authority of Metter-Candler County Downtown Development Authority of Metter Housing Authority of City of Metter Total
Carroll County Carroll County Water Authority Carrollton Payroll Development Authority Total
Catoosa County Catoosa County Development Authority Development Authority of Catoosa County Total
Charlton County Development Authority of City of Folkston and Charlton County

Revenues ($)
68,650,349 5,746,966
74,449,843

Expenditures ($)
85,162,809 4,618,950
89,785,222

Real property assets ($)
333,808,722 6,105,564
339,914,286

Cash assets ($)
42,535,376 538,759
43,193,600

Outstanding revenue bond debt EOY ($)
48,350,000 0
48,350,000

Outstanding short-term debt EOY ($)
0 0 0

2,446,138

2,228,239

1,936,653

45,428,994

0

0

2,446,138

2,228,239

1,936,653

45,428,994

0

0

177,559

0

1,480,000

19,396

1,480,000

0

544,495

2,258

830,000

664,030

890,000

0

722,054

2,258

2,310,000

683,426

2,370,000

0

0

0

0

0

0

0

474,987

409,890

2,537,841

246,532

0

0

474,987

409,890

2,537,841

246,532

0

0

565,000

697,134

0

0

0

0

840

0

1,049,900

0

0

0

0

0

0

571,563

4,715,000

0

565,840

697,134

1,049,900

571,563

4,715,000

0

44,007 0
360,648 404,655

44,645 0
303,666 348,311

711,100 0
1,973,408 2,684,508

230 0
103,659 103,889

0

45,750

0

0

0

0

0

45,750

0

41,190

0

0

19,250,000

0

59,325

66,771

0

147,971

0

0

59,325

107,961

0

147,971

19,250,000

0

107,036

101,035

0

0

3,645,000

0

561

0

0

0

0

0

107,597

101,035

0

0

3,645,000

0

0

35,000

162,650

25,183

0

0

6

1999 Bonded Indebtedness Report
County/Authority
Solid Waste Management Authority of Charlton County Total
Chatham County Chatham Area Transit Authority Chatham-Savannah Authority for Homeless Downtown Development Authority for City of Garden City Downtown Savannah Authority Savannah Economic Development Authority Total
Chattooga County Chattooga County Development Authority Development Authority of Chattooga County Total
Cherokee County Cherokee County Development Authority Development Authority of Cherokee County Downtown Development Authority of Woodstock Hospital Authority of Cherokee County Housing Authority of City of Canton Joint Development Authority of Cherokee County and Cobb County Total
Athens-Clarke County Athens-Clarke County Downtown Development Authority Athens-Clarke County Industrial Development Authority Downtown Athens Development Authority Total
Cobb County Acworth Area Convention & Visitors Bureau Authority Acworth Downtown Development Authority Acworth Lake Authority Cobb County-Marietta Water Authority Cobb-Marietta Coliseum and Exhibit Hall Authority Development Authority of City of Marietta Hospital Authority of City of Smyrna Industrial Development Authority of Austell

Revenues ($)
0 0

Expenditures ($)
0 35,000

Real property assets ($)
0 162,650

Cash assets ($)
0 25,183

Outstanding revenue bond debt EOY ($)
0 0

Outstanding short-term debt EOY ($)
0 0

9,081,928 688,197 0 0
2,146,145 11,916,270

9,068,855 662,600 0 0
1,979,249 11,710,704

7,445,637 41,043 0 0
13,161,388 20,648,068

1,656,542 26,607 0 0
1,796,452 3,479,601

0 0 0 108,265,000 6,777,566 115,042,566

0 2,076
0 0 0 2,076

4,983

0

0

100,194

0

0

0

0

0

0

0

0

4,983

0

0

100,194

0

0

0 2,604,527
0 0 323,944 0 2,928,471

0 2,315,867
0 0 334,435 0 2,650,302

0 3,882,259
0 0 3,843,580 0 7,725,839

0 7,221,408
0 0 149,763 0 7,371,171

0 11,585,000
0 0 0 0 11,585,000

0 7,360
0 0 0 0 7,360

16

0

0

3,012

0

0

27,810

23,414

1,335,035

311,943

0

0

790,712

761,189

4,728

153,286

3,635,000

0

818,538

784,603

1,339,763

468,241

3,635,000

0

0

0

0

0

0

0

43,302

50,259

0

8,492

0

0

1,048

0

0

19,668

0

0

34,962,015

18,683,983

168,391,000

48,718,971

53,935,000

0

17,888,000

13,479,674

62,830,262

28,408,979

73,380,000

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

7

1999 Bonded Indebtedness Report
County/Authority
Kennesaw Development Authority Kennesaw Downtown Development Authority Total
Colquitt County Hospital Authority of Colquitt County Housing Authority of City of Moultrie Total
Columbia County Columbia County Airport Authority Development Authority of Columbia County Residential Care Facilities For Elderly Authority of Columbia County Solid Waste Management Authority of Columbia County Total
Coweta County Coweta County Solid Waste Authority Coweta, Fayette, Meriwether Joint Development Authority Downtown Development Authority of City of Newnan Newnan-Coweta County Airport Authority Total
Crisp County Cordele Office Building Authority Crisp County-Cordele Industrial Development Authority Development Authority of Crisp County Total
Decatur County Downtown Development Authority of Bainbridge Total
DeKalb County City of Decatur Parking Authority Housing Authority of City of Decatur Housing Authority of City of Lithonia Total
Dodge County Heart of Georgia Regional Airport Authority

Revenues ($)
15,000 44,412 52,953,777

Expenditures ($)
0 293,466 32,507,382

Real property assets ($)
0 255,940 231,477,202

Cash assets ($)
4,573 6,873 77,167,556

Outstanding revenue bond debt EOY ($)
0 0 127,315,000

Outstanding short-term debt EOY ($)
0 0 0

44,456,199

43,770,687

30,646,143

6,838,989

11,935,000

0

0

0

0

0

0

0

44,456,199

43,770,687

30,646,143

6,838,989

11,935,000

0

5

0

0

339

0

0

1,427,930

2,574,506

8,204,559

734,160

8,105,000

0

0

0

0

0

0

0

3,170,088

2,424,021

4,910,338

7,165,045

6,390,000

0

4,598,023

4,998,527

13,114,897

7,899,544

14,495,000

0

1,382,399

1,431,899

1,734,137

54,347

0

0

0

0

0

0

0

0

230

1,000

0

0

0

0

0

0

0

0

0

0

1,382,629

1,432,899

1,734,137

54,347

0

0

90,440

90,790

100,000

0

280

0

453,039

452,046

1,270,000

12,040

0

0

3,723

0

0

46,457

0

0

547,202

542,836

1,370,000

58,497

280

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

8,661,024

8,497,049

18,804,654

1,614,382

5,690,000

0

254,633

229,589

2,236,184

110,963

0

0

8,915,657

8,726,638

21,040,838

1,725,345

5,690,000

0

100,175

124,202

80,738

26,076

0

0

8

1999 Bonded Indebtedness Report
County/Authority
Total
Dooly County Development Authority of City of Unadilla Dooly County Industrial Development Authority Total
Dougherty County Hospital Authority of Albany-Dougherty County Total
Emanuel County Emanuel-Johnson County Development Authority Total
Evans County City of Claxton Downtown Development Authority Hospital Authority of Evans County Total
Fayette County Peachtree City Water and Sewerage Authority Total
Floyd County Development Authority of Floyd County Downtown Development Authority of City of Rome Total
Forsyth County Forsyth County Water and Sewerage Authority Total
Franklin County Franklin County Water & Sewerage Authority Housing Authority of City of Royston Solid Waste Management Authority of Franklin County Total
Fulton County Atlanta Development Authority Development Authority of Fulton County

Revenues ($) Expenditures ($)

100,175

124,202

Real property assets ($)
80,738

Cash assets ($)
26,076

Outstanding revenue bond debt EOY ($)
0

Outstanding short-term debt EOY ($)
0

0

0

0

4,105

0

0

17,000

16,845

350,000

19

0

0

17,000

16,845

350,000

4,124

0

0

15,664,225

15,664,224

0

1,627,371

93,690,000

0

15,664,225

15,664,224

0

1,627,371

93,690,000

0

0

0

0

0

0

0

0

0

0

0

0

0

10,000 14,752,703 14,762,703

0 16,183,994 16,183,994

0 14,123,109 14,123,109

10,391 824,549 834,940

0 3,035,000 3,035,000

0 80,000 80,000

4,658,092

4,341,702

17,051,339

8,679,393

27,345,000

0

4,658,092

4,341,702

17,051,339

8,679,393

27,345,000

0

20,055

55,925

3,350,000

446,343

0

0

88,356

99,689

0

99,742

0

0

108,411

155,614

3,350,000

546,085

0

0

10,713,539

17,956,124

64,768,060

35,108,454

47,470,000

0

10,713,539

17,956,124

64,768,060

35,108,454

47,470,000

0

133,824

158,464

0

1,786,163

703,350

0

603,465

503,622

6,838,171

335,645

0

0

389,108

192,129

0

0

0

0

1,126,397

854,215

6,838,171

2,121,808

703,350

0

8,757,430

4,075,280

7,406,960

7,435,740

0

0

245,177

272,609

0

769,251

0

0

9

1999 Bonded Indebtedness Report
County/Authority
Downtown Development Authority of City of Atlanta Downtown Development Authority of City of Roswell Fulton-DeKalb Hospital Authority Hospital Authority of Fulton County Housing Authority of City of Roswell Joint Development Authority of Metropolitan Atlanta Residential Care Facilities for Elderly Authority of Fulton County South Fulton Municipal Regional Jail Authority Urban Residential Finance Authority of City of Atlanta Total
Gilmer County Housing Authority of City of Ellijay Total
Glascock County Gibson Housing Authority Total
Glynn County Downtown Development Authority of Brunswick Total
Gordon County Calhoun-Gordon County Airport Authority Development Authority of Gordon County Gordon County - Floyd County Development Authority Total
Grady County City of Cairo Development Authority Housing Authority of City of Cairo Total
Greene County Greene County Development Authority Total
Gwinnett County Development Authority of Gwinnett County Housing Authority of City of Sugar Hill

Revenues ($)
3,937,991 0
437,279,531 12,314,000 0 0 2,172 40,477 1,297,828 463,874,606

Expenditures ($)
188,289 0
528,236,522 5,218,000 531,285 0 1,900 25,249 896,698
539,445,832

Real property assets ($)
2,406,242 0
534,250,570 102,774,000
2,575,000 0 0
13,000,000 1,477,728
663,890,500

Cash assets ($)
2,448,390 1,533
43,465,875 6,074,000 424,000 0 67,689 1,697,395
370,412,286 432,796,159

Outstanding revenue bond debt EOY ($)
0 0 300,359,434 98,265,000 0 0 0 12,275,000 295,036,819 705,936,253

Outstanding short-term debt EOY ($)
0 0 0 0 0 0 0 0 0 0

305,754

283,970

4,996,648

105,794

0

0

305,754

283,970

4,996,648

105,794

0

0

54,153

63,386

586,499

51,212

0

0

54,153

63,386

586,499

51,212

0

0

80,026

74,771

11,000

221,946

0

0

80,026

74,771

11,000

221,946

0

0

373,664 127,060
0 500,724

365,809 191,872
50 557,731

1,010,230 1,596,841 1,026,182 3,633,253

53,158 393,627
0 446,785

0

0

0

1,050,000

0

0

0

1,050,000

12,399

384,435

643,613

2,048,611

2,460,000

0

475,104

337,041

8,865,732

360,519

0

0

487,503

721,476

9,509,345

2,409,130

2,460,000

0

101,265 101,265

101,265 101,265

1,815,592 1,815,592

0

430,000

0

430,000

3,200 3,200

6,929

16,104

0

439,062

0

0

25,573

0

0

25,573

12,790,000

0

10

1999 Bonded Indebtedness Report
County/Authority
Residential Care Facilities for Elderly Authority of Gwinnett County Total
Hall County Development Authority of City of Oakwood Housing Authority of City of Oakwood Total
Haralson County Development Authority of City of Tallapoosa Downtown Development Authority of City of Tallapoosa Tallapoosa Development Authority Tallapoosa Recreation Authority Total
Harris County Development Authority of Harris County Total
Hart County Downtown Development Authority of Hartwell Hart County Industrial Building Authority Hart County Industrial Development Authority Hospital Authority of Hart County Housing Authority of City of Hartwell Total
Henry County City of Stockbridge Downtown Development Authority Housing Authority of City of Hampton Housing Authority of City of McDonough Total
Houston County Housing Authority of City of Warner Robins Housing Authority of County of Houston Total
Irwin County Ocilla-Irwin County Industrial Development Authority Total

Revenues ($)
45 32,546

Expenditures ($)
20 16,124

Real property assets ($)
0 0

Cash assets ($)
3,407 468,042

Outstanding revenue bond debt EOY ($)
0 12,790,000

Outstanding short-term debt EOY ($)
0 0

0

0

0

0

0

0

1,715

0

0

1,747

0

0

1,715

0

0

1,747

0

0

0

0

0

0

0

0

0

0

0

0

0

0

103,657

57,895

1,912,427

0

654,007

0

115,549

99,113

1,733,846

180,650

1,685,000

0

219,206

157,008

3,646,273

180,650

2,339,007

0

40,000

0

0

464

0

0

40,000

0

0

464

0

0

104,675

82,022

0

62,682

0

0

370,000

0

0

0

0

0

74,346

31,217

39,000

130,006

0

0

7,402

282,201

3,092,100

154,936

0

0

1,042,733

981,345

6,883,413

355,344

0

0

1,599,156

1,376,785

10,014,513

702,968

0

0

0

0

0

0

0

0

62,095

74,883

856,416

117,820

0

0

451,784

481,029

4,186,840

73,645

0

0

513,879

555,912

5,043,256

191,465

0

0

1,106,796

1,096,423

13,315,637

177,859

0

0

89,336

90,771

1,497,768

66,911

0

0

1,196,132

1,187,194

14,813,405

244,770

0

0

202,056 202,056

136,004 136,004

1,011,369 1,011,369

205,948 205,948

0

76,355

0

76,355

11

1999 Bonded Indebtedness Report
County/Authority
Jackson County Commerce Housing Authority Nicholson Water Authority Total
Jasper County Development Authority of Jasper County Jasper County Economic Development Authority Total
Jefferson County Hospital Authority of Jefferson County and City of Louisville Housing Authority of City of Louisville Total
Jenkins County Development Authority of Jenkins County Housing Authority of City of Millen Total
Johnson County Housing Authority of City of Wrightsville Total
Lamar County Barnesville Housing Authority Lamar County Regional Solid Waste Authority Total
Lanier County Housing Authority of City of Lakeland Total
Lee County Development Authority of Lee County Housing Authority of Lee County Total
Lowndes County Housing Authority of City of Hahira Residential Care Facilities for Elderly Authority of Lowndes County

Revenues ($)

Expenditures ($)

Real property assets ($)

Cash assets ($)

Outstanding revenue bond debt EOY ($)

Outstanding short-term debt EOY ($)

38,722 234,333 273,055

108,748 223,971 332,719

1,900,120 502,908
2,403,028

91,543 65,403 156,946

0

0

0

18,812

0

18,812

76,183

65,782

75,000

173,744

0

0

0

0

0

0

0

0

76,183

65,782

75,000

173,744

0

0

6,903,945

7,104,219

2,945,508

1,523,278

560,000

0

191,843

196,165

801,280

69,810

0

0

7,095,788

7,300,384

3,746,788

1,593,088

560,000

0

0

0

0

0

0

0

201,847

212,545

824,390

104,653

0

0

201,847

212,545

824,390

104,653

0

0

182,828

142,047

2,852,524

132,530

1,963,953

0

182,828

142,047

2,852,524

132,530

1,963,953

0

382,093 2,553,253 2,935,346

378,855 4,751,925 5,130,780

3,558,743 3,468,809 7,027,552

154,677 531,241 685,918

0

0

0

96,000

0

96,000

41,976

29,552

651,916

26,637

0

0

41,976

29,552

651,916

26,637

0

0

250,000

82,385

0

169,456

0

0

400,980

350,106

3,672,761

160,026

0

0

650,980

432,491

3,672,761

329,482

0

0

31,872 4,711,955

24,458 4,620,329

484,880 1,948,585

41,769 1,946,823

0 6,400,000

0 100,000

12

1999 Bonded Indebtedness Report
County/Authority
Valdosta Housing Authority Total
Lumpkin County Hospital Authority of Lumpkin County Housing Authority of City of Dahlonega Lumpkin County Water & Sewerage Authority Total
McDuffie County Development Authority of McDuffie County Housing Authority of City of Thomson McDuffie County Hospital Authority Total
Madison County Madison County Industrial Development and Building Authority Total
Marion County Housing Authority of City of Buena Vista Total
Meriwether County Meriwether County Industrial Development Authority Total
Mitchell County Development Authority of City of Camilla Downtown Camilla Development Authority Total
Monroe County Development Authority of Monroe County Hospital Authority of Monroe County Monroe County Industrial Development Authority Total
Morgan County Development Authority of Morgan County Morgan County Water Authority

Revenues ($)
1,265,603 6,009,430

Expenditures ($)
1,347,155 5,991,942

Real property assets ($)
18,145,016 20,578,481

Cash assets ($)
240,425 2,229,017

Outstanding revenue bond debt EOY ($)
0 6,400,000

Outstanding short-term debt EOY ($)
0 100,000

69,824

12,381

0

1,178,328

0

0

41,040

45,704

1,626,823

56,019

16,036

0

0

0

0

0

0

0

110,864

58,085

1,626,823

1,234,347

16,036

0

0

0

0

0

0

0

484,173

474,775

3,240,871

313,853

0

0

13,639,408

12,583,752

10,423,872

0

771,185

0

14,123,581

13,058,527

13,664,743

313,853

771,185

0

18,832

34,527

422,000

0

0

0

18,832

34,527

422,000

0

0

0

191,953

205,913

1,989,108

106,610

0

0

191,953

205,913

1,989,108

106,610

0

0

273,916

308,602

28,615

6,523

879,064

0

273,916

308,602

28,615

6,523

879,064

0

48,991 88,313 137,304

18,333 122,967 141,300

408,122 3,084,287 3,492,409

30,658 164,628 195,286

0 1,292,340 1,292,340

102,698 55,000 157,698

91,106

143,086

1,556,700

671,672

725,000

0

6,889,268

7,921,369

3,152,126

2,257,049

654,477

0

0

0

0

0

0

0

6,980,374

8,064,455

4,708,826

2,928,721

1,379,477

0

0

0

0

0

0

0

0

0

0

0

0

0

13

1999 Bonded Indebtedness Report
County/Authority
Total
Columbus/Muscogee County Columbus Airport Commission Total
Newton County Newton County Hospital Authority Total
Oconee County Upper Oconee Basin Water Authority Total
Paulding County Downtown Development Authority of City of Dallas Total
Peach County Byron Development Authority Byron Downtown Development Authority Byron Redevelopment Authority Total
Pickens County Development Authority of Pickens County Total
Pike County Pike County Recreation Authority Total
Polk County Development Authority of Polk County Rockmart Development Authority Total
Putnam County Development Authority of Putnam County Lake Oconee Area Development Authority Putnam Development Authority Total

Revenues ($) Expenditures ($)

0

0

Real property assets ($)
0

Cash assets ($)
0

Outstanding revenue bond debt EOY ($)
0

Outstanding short-term debt EOY ($)
0

3,531,492

4,571,102

24,726,753

3,744,233

6,130,000

0

3,531,492

4,571,102

24,726,753

3,744,233

6,130,000

0

33,918,115

34,441,109

22,559,213

8,241,664

2,990,000

0

33,918,115

34,441,109

22,559,213

8,241,664

2,990,000

0

3,320,991

7,711,164

8,423,622

65,517,753

60,770,000

0

3,320,991

7,711,164

8,423,622

65,517,753

60,770,000

0

736

0

0

45,401

0

0

736

0

0

45,401

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

20,076

0

0

0

0

0

20,076

0

0

0

0

103,111

80,625

173,218

80,946

0

0

103,111

80,625

173,218

80,946

0

0

50,000

50,000

0

0

0

0

50,000

50,000

0

0

0

0

98,540

96,000

0

0

0

0

919,509

1,000,675

1,579,910

106,690

0

0

1,018,049

1,096,675

1,579,910

106,690

0

0

0

0

0

0

0

0

0

0

0

0

0

0

237,700

72,751

1,486,672

490,000

0

0

237,700

72,751

1,486,672

490,000

0

0

14

1999 Bonded Indebtedness Report
County/Authority
Randolph County Housing Authority of City of Cuthbert Housing Authority of City of Fort Gaines Total
Augusta/Richmond County Augusta Ports Authority Development Authority of Richmond County Richmond County Hospital Authority Total
Rockdale County Development Authority of Rockdale County Rockdale County Water and Sewerage Authority Total
Schley County Housing Authority of City of Ellaville Total
Screven County City of Sylvania Downtown Development Authority Housing Authority of County of Screven Total
Seminole County Downtown Development Authority of Donalsonville Total
Spalding County Butts - Henry - Lamar - Spalding County Joint Development Downtown Development Authority of City of Griffin Housing Authority of City of Griffin Total
Stephens County Stephens County Development Authority Stephens County Hospital Authority Total

Revenues ($)

Expenditures ($)

Real property assets ($)

Cash assets ($)

Outstanding revenue bond debt EOY ($)

Outstanding short-term debt EOY ($)

574,310

498,600

4,669,000

375,135

0

0

167,721

171,690

1,247,000

47,591

0

0

742,031

670,290

5,916,000

422,726

0

0

50

2,700

0

0

0

0

230,566

200,137

2,106,846

1,381,622

0

0

5,020,660

0

0

0

0

0

5,251,276

202,837

2,106,846

1,381,622

0

0

172,783

46,136

0

186,487

0

0

0

0

0

0

0

0

172,783

46,136

0

186,487

0

0

117,733

100,906

1,120,893

111,921

0

0

117,733

100,906

1,120,893

111,921

0

0

0

0

0

0

0

0

58,338

57,115

106,500

17,003

0

0

58,338

57,115

106,500

17,003

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

1,076,740

475,144

4,340,765

556,366

0

0

1,076,740

475,144

4,340,765

556,366

0

0

300,877 30,654,540 30,955,417

287,800 29,668,691 29,956,491

1,270,331 15,756,419 17,026,750

185,005 6,312,394 6,497,399

375,000 8,594,638 8,969,638

667,887 0
667,887

15

1999 Bonded Indebtedness Report
County/Authority
Stewart County Downtown Development Authority of City of Richland Total
Sumter County Americus and Sumter County Hospital Authority Development Authority of City of Americus Housing Authority of City of Americus Sumter County Industrial Development Authority Total
Talbot County Consolidated Housing Authority of Talbot County Total
Tattnall County Tattnall County Development Authority Total
Terrell County Downtown Development Authority of City of Dawson Housing Authority of City of Dawson Total
Thomas County Development Authority of Brooks, Colquitt and Thomas Counties Southwest Georgia Business and Development Authority Thomasville Payroll Development Authority Total
Tift County Tift County Hospital Authority Total
Toombs County Toombs County Development Authority Total
Treutlen County Treutlen County Hospital Authority Total

Revenues ($)

Expenditures ($)

Real property assets ($)

Cash assets ($)

Outstanding revenue bond debt EOY ($)

Outstanding short-term debt EOY ($)

0

0

0

0

0

0

0

0

0

0

0

0

44,861,955

53,046,660

39,610,397

28,740,178

20,525,000

0

0

0

0

0

0

0

4,894,913

4,287,788

25,464,167

2,420,688

526,763

0

0

0

0

0

0

0

49,756,868

57,334,448

65,074,564

31,160,866

21,051,763

0

49,106

46,443

0

24,436

29,355

0

49,106

46,443

0

24,436

29,355

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

727,066

365,844

5,323,119

485,046

622,736

0

727,066

365,844

5,323,119

485,046

622,736

0

0

0

0

0

0

0

215,309

232,133

0

26,537

0

0

182,314

507,057

5,669,426

70,192

0

0

397,623

739,190

5,669,426

96,729

0

0

72,891,000

76,262,322

63,857,215

40,313,642

20,000,000

0

72,891,000

76,262,322

63,857,215

40,313,642

20,000,000

0

410,765

1,108,495

2,470,978

727,028

1,236,319

0

410,765

1,108,495

2,470,978

727,028

1,236,319

0

116,381

182,399

1,168,310

195,208

0

0

116,381

182,399

1,168,310

195,208

0

0

16

1999 Bonded Indebtedness Report
County/Authority
Troup County Hogansville Development Authority Troup County Airport Authority Total
Turner County Housing Authority of City of Ashburn Total
Twiggs County Development Authority of City of Jeffersonville and Twiggs County Total
Union County Development Authority of Union County Joint Development Authority of Fannin County, Towns County and Total
Upson County Hospital Authority of Upson County Thomaston-Upson County Airport Authority Total
Walker County Development Authority of LaFayette Downtown Development Authority of City of LaFayette LaFayette Hospital Authority LaFayette Housing Authority Walker County Development Authority Walker County Water and Sewerage Authority Total
Walton County Development Authority of Walton County Walton County Hospital Authority Walton Industrial Building Authority Total
Ware County Waycross and Ware County Development Authority Total

Revenues ($)

Expenditures ($)

Real property assets ($)

Cash assets ($)

Outstanding revenue bond debt EOY ($)

Outstanding short-term debt EOY ($)

4,000

24

15,000

11,033

0

0

738,071

910,406

2,697,769

38,248

0

0

742,071

910,430

2,712,769

49,281

0

0

378,819

368,141

4,026,672

152,603

0

0

378,819

368,141

4,026,672

152,603

0

0

0

0

0

0

0

0

0

0

0

0

0

0

29,274 0
29,274

94,774 0
94,774

2,898,349 0
2,898,349

13,692 0
13,692

0

278,625

0

0

0

278,625

417,635

417,635

15,129,792

7,830,000

7,830,000

0

620,275

575,836

8,537,507

129,263

0

0

1,037,910

993,471

23,667,299

7,959,263

7,830,000

0

0

0

0

0

0

0

0

0

0

0

0

0

45

458

0

1,522

0

0

1,020,017

671,842

10,679,045

0

0

0

0

0

0

2,273

0

0

3,151,236

4,330,891

34,651,951

3,484,369

8,330,000

0

4,171,298

5,003,191

45,330,996

3,488,164

8,330,000

0

666,377

239,229

3,368,106

87,515

1,100,000

0

24,784,991

26,794,518

18,221,776

1,413,037

1,352,289

0

62

0

0

5,727

0

0

25,451,430

27,033,747

21,589,882

1,506,279

2,452,289

0

39,623

69,214

2,880,770

51,032

0

0

39,623

69,214

2,880,770

51,032

0

0

17

1999 Bonded Indebtedness Report
County/Authority
Warren County Housing Authority of City of Warrenton Total
Washington County Hospital Authority of Washington County Total
Wayne County Housing Authority of City of Jesup Wayne County Industrial Development Authority Total
Wheeler County Development Authority of Wheeler County Total
White County Development Authority of White County Total
Whitfield County City of Dalton Building Authority Development Authority of Whitfield County Residential Care Facilities for Elderly Authority of Whitfield County Total
Wilcox County Wilcox County Development Authority Total
Wilkes County City of Washington Downtown Development Authority Hospital Authority of Wilkes County Housing Authority of City of Washington Washington-Wilkes Payroll Development Authority Total
Wilkinson County Development Authority of City of Gordon Development Authority of Wilkinson County Total

Revenues ($)

Expenditures ($)

Real property assets ($)

Cash assets ($)

Outstanding revenue bond debt EOY ($)

Outstanding short-term debt EOY ($)

232,586

226,677

2,546,219

106,487

0

0

232,586

226,677

2,546,219

106,487

0

0

20,431,793 20,431,793

22,726,256 22,726,256

18,341,277 18,341,277

2,182,220 2,182,220

6,365,000 6,365,000

543,568 543,568

339,857

378,942

5,256,664

111,840

2,959,728

0

308,172

232,532

1,629,885

318,119

0

0

648,029

611,474

6,886,549

429,959

2,959,728

0

26,000 26,000

25,000 25,000

117,000 117,000

9,000 9,000

0

25,000

0

25,000

33,650

11,637

0

34,590

0

0

33,650

11,637

0

34,590

0

0

0

0

19,400,000

553,813

27,210,000

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

19,400,000

553,813

27,210,000

0

0

0

0

0

0

0

0

0

0

0

0

0

44,004

50,350

73,050

15,176

0

0

9,608,012

9,292,796

12,045,222

708,514

0

0

243,459

251,102

2,643,406

89,304

0

0

54,147

52,940

319,580

13,365

0

0

9,949,622

9,647,188

15,081,258

826,359

0

0

152,000 0
152,000

125,300 0
125,300

0

27,023

0

0

0

27,023

0

0

0

237,500

0

237,500

18

1999 Bonded Indebtedness Report
County/Authority
Worth County Housing Authority City of Sylvester Total

Revenues ($)

Expenditures ($)

Real property assets ($)

Cash assets ($)

Outstanding revenue bond debt EOY ($)

Outstanding short-term debt EOY ($)

924,292

826,428

8,783,545

200,000

0

0

924,292

826,428

8,783,545

200,000

0

0

19