CITY OF FAYETTEVILLE, GEORGIA

GOVERNMENTAL ACTIVITIES TAX REVENUES BY SOURCE LAST TEN FISCAL YEARS (ACCRUAL BASIS OF

ACCOUNTING)

(1) The City began collecting Special Purpose Local Option Sales Taxes from the County at the end of fiscal year 2005.

(2) Beginning in 2009, Special Purpose Local Option Sales Taxes received from the County were reclassified as Capital Contributions.

CITY OF FAYETTEVILLE, GEORGIA

FUND BALANCES OF GOVERNMENTAL FUNDS LAST TEN FISCAL YEARS (MODIFIED ACCRUAL BASIS OF ACCOUNTING)

(1) The increase of fund balance is due to the financing of the Law Enforcement Center through Certificates of Participation (COPS).

(2) The increase of fund balance is due to the collection of special purpose local option sales taxes that began at the end of fiscal year 2005.

(3) Prepaid expenditures.

(4) The City adopted and implemented GASB 54 during fiscal year 2011.