CITY OF FAYETTEVILLE, GEORGIA

Changes In Fund Balances Of Governmental Funds

(1) Fiscal year 2004 and 2005 capital outlay increase is due to the construction of the new Law Enforcement Center (LEC)

(2) In fiscal year 2004, the City of Fayetteville issued Certificates of Participation (COPS) to finance the new LEC

(3) The increase in debt service interest expenditure is due to the COPS issue.

(4) The Main Street function has been moved from the General Fund to the Main Street Tourism Association

(5) Capital outlay has decreased due to the completion of the Law Enforcement Center

(6)Thedecreaseinimpactfeesisduetothedeclineinnewconstructionduringfiscalyear2007.

(6) The decrease in impact fees is due to the decline in new construction during fiscal year 2007.

(7) The decrease in impact fees and permits is due to the continual decline in new construction

2009 and 2010.

(8) The City received a federal grant for Downtown Pedestrian Improvements

(9) During fiscal year 2008, the City experienced an increase in jail population, therefore reducing the collection of fines

(10) Drastic decrease in interest rates due to the current economic recession

(11) Costs associated with the Downtown Pedestrian Improvements project and other transportation and sidewalk projects

(12) Beginning in 2009, Special Purpose Local Option Sales Taxes received from the County were reclassified as Intergovernmental revenues.

(13) Increase in fine fees and confiscated assets.

(14)Collectionadjustmentoftowerrental.

(14) Collection adjustment of tower rental.

(15) No major cost associated with transportation or sidewalk projects.

(16) The City has received several grants for transportation and sidewalk projects

(17) Cost associated with transportation and sidewalk projects

(18) Veterans Memorial Park Fund opened.