1 minute read
CITY OF FAYETTEVILLE, GEORGIA
Direct And Overlapping Governmental Activities Debt
AS OF JULY 31, 2020
Source: Fayette County School District and Fayette County Public Facilities Authority.
Notes:
Overlappinggovernments are thosethatcoincide,atleast in part, with the geographicboundariesof the City. This schedule estimates the portionof the outstandingdebtofthoseoverlappinggovernmentsthat is borneby the residentsandbusinesses of the City ofFayetteville. This processrecognizes that, whenconsidering the City's ability to issue andrepaylong-termdebt, the entiredebtburdenbornebyresidentsandbusinessesshouldbetaken into account.However, this doesnot imply that every taxpayer is a resident, and therefore responsible for repaying the debt of each overlapping government.
(1) The percentageofoverlappingdebtapplicable is estimatedusingtaxable assessed propertyvalues.Applicable percentages were estimatedbydetermining the portionof the County'staxable assessed valuethat iswithin the City's boundaries and dividing it by the County's total taxable assessed value.
CITY OF FAYETTEVILLE, GEORGIA
Legal Debt Margin Information
Notes:
UnderGeorgia law, the City ofFayetteville'soutstandinggeneralobligationdebt shouldnotexceed10%of total assessed propertyvalue. By law, the general obligationdebtsubject tothe limitation maybe offset byamountssetaside for repaying the general obligation bonds.
CITY OF FAYETTEVILLE, GEORGIA
PLEDGED-REVENUE COVERAGE LAST TEN FISCAL YEARS
Notes:
Details regarding the City's outstanding debt can be found in the notes to the financial statements. Utility service charges include tap fees, but exclude interest. Operating expenses do not include interest, depreciation, or amortization expense.
CITY OF FAYETTEVILLE, GEORGIA
Demographic And Economic Statistics
Source: City of Fayetteville, Georgia records.
CITY OF FAYETTEVILLE, GEORGIA
Principal Employers
Current Year And Nine Years Ago
CITY OF FAYETTEVILLE, GEORGIA
FULL-TIME EQUIVALENT CITY GOVERNMENT EMPLOYEES BY FUNCTION
LAST TEN FISCAL YEARS
