Augusta Richmond County
2014
Annual Financial Information and Operating Data
Augusta-Richmond County Coliseum Authority (Georgia) Revenue Bonds (Coliseum and TEE Center Project),
Series 2010, $22,120,000 Dated: September 2, 2010
Urban Redevelopment Agency of Augusta (Georgia) Taxable Revenue Bonds (Laney-Walker and Bethlehem Project),
Series 2010, $8,000,000 Dated: June 29, 2010
CONSOLIDATED GOVERNMENT DEBT STRUCTURE
Summary of Consolidated Government Debt By Category
as of December 31, 2014
Amount
Authorized but
Unissued
Category of Debt
General Obligation Bonds
Intergovernmental Contracts
Solid Waste Management Authority of Augusta
(securing its Revenue Bonds)
Augusta Urban Redevelopment Agency
(securing its Revenue Bonds)
Augusta Richmond County Coliseum Authority
(securing its Revenue Bonds)
Revenue Bonds
Water and Sewerage System
Augusta Regional Airport
Notes
Capital Leases
Amount Outstanding
(less Sinking Fund
Installments Paid)
$0
Total
$
17,500,000
0
8,900,000
0
35,210,000
0
18,945,000
0
0
0
0
480,495,000
19,605,000
24,612,564
20,799,198
$0
626,066,762
Debt Service Requirement
Year
Ending
12/31
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
2027
2028
2029
2030
2031
2032
2033
2034
2035
2036
2037
2038
2039
2040
2041
2042
TOTAL
General
Obligation
13,536,000.00
18,086,000.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
$31,622,000.00
Intergovernmental
Contracts
3,196,415.52
9,558,835.02
2,643,800.02
2,639,831.26
2,639,081.26
2,636,943.76
2,417,143.76
2,412,437.50
2,414,650.00
2,415,100.00
2,412,000.00
2,415,350.00
2,414,650.00
2,412,150.00
2,415,275.00
2,413,550.00
2,416,950.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
$49,874,163.10
Water and
Sewerage
System
30,090,225.00
30,094,475.00
30,092,725.00
30,089,225.00
30,062,975.00
30,073,975.00
30,074,225.00
30,072,975.00
30,068,975.00
30,060,975.00
30,067,725.00
30,066,975.00
30,062,475.00
30,062,725.00
30,065,725.00
30,332,975.00
30,326,975.00
30,643,175.00
30,645,375.00
29,447,525.00
29,448,775.00
29,451,212.50
29,451,950.00
29,448,100.00
29,451,775.00
29,449,300.00
15,547,525.00
15,557,525.00
16,265,025.00
$826,573,587.50
Augusta
Regional
Airport
1,037,088.00
1,037,088.00
1,037,088.00
1,037,088.00
1,037,088.00
1,037,088.00
1,037,088.00
1,037,088.00
1,037,088.00
1,037,088.00
1,037,088.00
2,392,088.00
2,389,595.00
2,393,357.00
2,392,831.00
2,391,588.00
2,390,573.00
2,389,652.00
2,390,175.00
2,389,493.00
2,393,660.00
2,392,162.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
$37,713,142.00
Notes
4,396,424.36
4,396,424.36
4,207,088.62
4,017,752.84
2,179,218.49
1,442,380.77
1,084,204.56
1,084,204.56
1,084,204.56
1,084,204.56
1,084,204.56
1,084,204.56
1,084,204.56
1,084,204.56
1,084,204.56
1,084,204.56
1,084,204.56
861,247.51
549,105.84
91,516.90
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
$34,067,409.85
Capital
Leases
$1,969,970.00
$1,965,970.00
$1,965,970.00
$2,048,065.00
$1,352,973.00
$851,469.00
$802,180.00
$802,180.00
$802,180.00
$802,180.00
$802,180.00
$802,180.00
$802,180.00
$802,180.00
17,222,242.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
$33,794,099.00
Total Debt
Service
Requirements
$54,226,122.88
$65,138,792.38
$39,946,671.64
$39,831,962.10
$37,271,335.75
$36,041,856.53
$35,414,841.32
$35,408,885.06
$35,407,097.56
$35,399,547.56
$35,403,197.56
$36,760,797.56
$36,753,104.56
$36,754,616.56
$53,180,277.56
$36,222,317.56
$36,218,702.56
$33,894,074.51
$33,584,655.84
$31,928,534.90
$31,842,435.00
$31,843,374.50
$29,451,950.00
$29,448,100.00
$29,451,775.00
$29,449,300.00
$15,547,525.00
$15,557,525.00
$16,265,025.00
$1,013,644,401.45
Augusta Richmond County
2014
Annual Financial Information and Operating Data
Overlapping Debt
Amount of
Authorized
buy Unissued
Debt
Name of Overlapping Entity
Richmond County School District
TOTAL
$0
$0
Amount of
Outstanding Debt
(less Sinking
Fund)
$
105,785,000
$105,785,000
Debt Ratios
General Obligation Property Tax Supported
Debt Per Capita of the Consolidated Government
Year Ended
December 31
2014
2013
2012
2011
2010
2009
Direct Tax
Supported Debt
$
88.95
148.51
209.79
211.89
310.37
257.57
Overlapping Tax
Supported Debt
$523.68
523.68
644.24
159.56
309.15
440.51
Overall Tax
Supported Debt
$
672.19
672.19
854.03
371.45
619.52
698.08
General Obligation Property Tax Supported Debt of the Consolidated
Government Expressed as a Percentage of Total Assessed
Value of Taxable Property within the Consolidated Government
Year Ended
December 31
2014
2013
2012
2011
2010
2009
Direct Tax
Supported Debt
0.37%
0.64%
0.91%
0.94%
1.37%
1.18%
Overlapping Tax
Supported Debt
Overall Tax
Supported Debt
2.24%
2.26%
2.81%
0.62%
1.21%
1.73%
2.61%
2.90%
3.72%
1.56%
2.58%
2.91%
General Obligation Property Tax Supported Debt of the Consolidated
Government Expressed as a Percentage of Total Estimated Market
Value of Taxable Property within the Consolidated Government
Year Ended
December 31
2014
2013
2012
2011
2010
2009
Direct Tax
Supported Debt
0.13%
0.23%
0.32%
0.33%
0.49%
0.47%
Overlapping Tax
Supported Debt
Overall Tax
Supported Debt
0.79%
0.79%
0.99%
1.12%
0.88%
0.69%
0.92%
1.02%
1.31%
1.45%
1.37%
1.16%
General Obligation Property Tax Supported Debt of
the Consolidated Government Expressed as a
Percentage of per Capita Income in Richmond County
Year Ended
December 31
2014
2013
2012
2011
2010
2009
Direct Tax
Supported Debt
0.42%
0.73%
1.03%
1.12%
1.64%
1.36%
Overlapping Tax
Supported Debt
2.56%
2.56%
3.16%
0.53%
1.03%
1.47%
Overall Tax
Supported Debt
2.98%
3.28%
4.19%
1.65%
2.67%
2.83%
Percent of
Outstanding Debt
Chargeable to
Property in the
Consolidated
Government
100.00%
Augusta Richmond County
2014
Annual Financial Information and Operating Data
Debt History
Category of Liabilities
2009
Short - Term
Long - Term
Total
Amount Outstanding as of December 31
2011
2012
2010
$69,922,261
571,671,113
$641,593,374
$45,878,431
603,106,085
$648,984,516
$18,706,389
648,575,375
$667,281,764
$22,645,502
591,815,408
$614,460,910
Limitations on Consolidated Government Debt
Computation of Legal Debt Margin
Assessed Value of taxable property
as of December 31, 2014
Debt Limit (10% of Assessed Value)
Amount of Debt Applicable to Debt Limit
$4,714,925,302
471,492,530
0
Legal Debt Margin
$471,492,530
CONSOLIDATED GOVERNMENT AD VALOREM TAXATION
Annual Tax Levy and Limitation on Annual Tax Levy
Gross Tax Cap
General Fund
1979 Millage Rate
1979 Millage Rate at 7% Growth
Prior Year Digest (in 000,000's)
Current Year Digest (in 000,000's)
Gross Tax Cap
Urban Services
Fund
16.520
17.676
$4,687
$4,716
17.568
25.960
27.777
$899
$900
27.746
Fire Protection
Fund
2.900
3.103
$3,675
$3,709
3.075
Tax Cap Available After Sales Tax Credit
General Fund
Gross Tax Cap
Sales Tax Credit
Tax Cap Available After Sales Tax Credit
Urban Services
Fund
17.568
6.265
11.303
27.746
5.572
22.174
Fire Protection
Fund
3.075
0.000
3.075
Tax Cap Available After Sales Tax Credit Less Total Millage
General Fund
Tax Cap Available After Sales Tax Credit
Less Net Millage Rate
Less Capital Outlay Millage
Tax Cap Available After Sales Tax Credit
and Less Total Millage
Urban Services
Fund
Fire Protection
Fund
11.303
10.038
0.781
22.174
5.200
0.000
3.075
2.139
0.000
0.484
16.974
0.936
Utilization of Tax Cap
General Fund
$ Amount Available to be levied Under Tax Cap
and not assessed in 2014 (000's)
% of Tax Cap Utilized in 2014
$2,283
97.2%
Urban Services
Fund
$15,277
38.8%
Fire Protection
Fund
$3,470
69.6%
2013
$19,182,195
592,480,083
$611,662,278
2014
$40,641,792
585,424,970
$626,066,762
Augusta Richmond County
2014
Annual Financial Information and Operating Data
Property Tax Data
(See Sheet 2, Table 1)
Rate of levy of property taxes (in mills) per $1,000 of assessed
value, or millage rates, of the Consolidated Government
and all overlapping governments which levied property taxes
(See Sheet 2, Table 2)
Property Tax Levies and Collections of the Consolidated Government
Tax Collections
Calendar
Year
2009
2010
2011
2012
2013
2014
Tax Levy
Current
Year's Levy
36,443,274
36,411,049
36,432,868
37,238,163
34,596,234
46,084,688
Prior
Years
32,092,669
32,596,260
33,237,560
34,281,485
31,092,089
40,395,089
Total
5,962,265
3,601,269
3,708,898
6,093,686
2,791,520
3,392,424
Percentage of
Collection of
Current Year's
Levy to Tax Levy
$38,054,934
$36,197,529
$36,946,458
$40,375,171
$33,883,609
$43,787,513
88.06
89.52
91.23
92.00
89.87
87.85
Percentage of
Total Tax Collections
to Tax Levy
104.42
99.41
101.41
108.42
97.94
95.02
Delinquent Taxes
Outstanding
as of
Year End
2,646,050
2,797,733
4,140,365
4,599,462
4,188,711
5,051,352
Estimated value of total tax title executions owned by the Consolidated Government
2009
2010
$2,646,050
$2,797,733
Estimated Value as of December 31
2011
2012
$4,140,365
$4,599,462
2013
$4,188,711
2014
5,051,352
Ten Largest Taxpayers
Maintenance &
Taxpayer
Nature of Business
Operation
Net Assessed
Percent of Net
Taxes Levied
Valuation
Tax Digest
1 Georgia Power Company
Electric Utility
2 International Paper Company
Paper Mill
563,068
77,277,087
1.64%
3 Augusta National
Golf Club
500,302
51,113,854
1.09%
4 Doctors Hospital of Augusta,
Hospital
421,799
29,821,035
0.63%
5 PCS Nirtogen Fertilizer
Fertilizer
277,840
93,829,429
1.99%
6 DSM Chemical Company
Manufacturing
222,092
59,755,089
1.27%
7 Augusta Newsprint
Newspaper
219,929
31,076,704
0.66%
8 National Life and Accidental Insurance
Shopping Mall
199,803
20,413,034
0.43%
9 Bellsouth
Communications Utility
175,333
17,913,049
0.38%
Hotel
154,208
15,754,778
0.33%
10 Augusta Riverfront Limited
Totals
$821,969
$3,556,343
$83,977,184
$423,943,145
1.78%
9.00%
Augusta Richmond County
2014
Annual Financial Information and Operating Data
CONSOLIDATED GOVERNMENT FINANCIAL INFORMATION
Five-Year General Fund History
2010
2011
General Fund History
Years Ended December 31
2012
2013
2014
Revenues
Taxes-Property
Taxes-Other than Property
Licenses and Permits
Use of Money and Property
Charges for Current Services
Fines and Forfeitures
Intergovernmental
Contributions and Donations
Other
Total Revenues
Expenditures
General Government
Judicial
Public Safety
Public Works
Health and Welfare
Culture and Recreation
Housing and Development
Housing and Development-MCG
Capital Outlay
Debt Service
Total Expenditures
Excess of Revenues Over (Under) Expenditures
$37,841,223
52,052,628
1,516,948
0
18,524,472
6,341,232
3,844,271
48,610
73,828
120,243,212
$37,392,940
54,490,431
1,420,144
0
18,489,911
5,019,818
5,485,456
313,383
930,881
123,542,964
$37,843,518
56,223,480
1,602,197
0
19,077,818
5,039,481
3,725,545
0
1,707,708
125,219,747
$41,139,309
56,348,080
1,608,943
0
17,566,881
4,703,891
4,202,605
0
1,848,562
127,418,271
$51,496,886
56,870,778
1,711,765
0
17,983,693
4,816,120
12,670,660
0
1,699,232
147,249,134
27,454,137
15,652,278
55,757,652
5,726,070
1,838,640
12,855,994
1,369,858
0
0
0
120,654,629
30,743,213
16,144,428
55,219,088
7,251,717
2,189,447
12,656,582
1,505,180
0
0
0
125,709,655
32,990,454
16,735,580
57,288,606
6,494,298
2,466,034
12,253,723
2,300,766
0
0
0
130,529,461
30,603,006
17,879,023
57,260,065
6,451,523
2,522,599
12,494,590
1,615,686
0
0
0
128,826,492
32,096,704
19,227,411
59,565,768
24,022,613
2,211,106
13,229,319
1,623,153
0
0
0
151,976,074
(411,417)
(2,166,691)
(5,309,714)
(1,408,221)
(4,726,940)
Other Financial Sources (Uses)
Transfers In
Transfers Out
Proceeds from sale of assets
Total Other Financing Sources (Uses)
3,636,100
(2,522,347)
917,469
2,031,222
6,044,188
(2,632,056)
447,763
3,859,895
5,512,320
(3,434,372)
165,974
2,243,922
1,894,092
(1,745,628)
481,436
629,900
2,626,992
(5,031,280)
248,661
(2,155,627)
Net Change in Fund Balance
1,619,805
1,693,204
(3,065,792)
(778,321)
(6,882,567)
31,751,479
33,371,284
35,064,488
$31,998,696
$31,220,375
$33,371,284
$35,064,488
$31,998,696
$31,220,375
$24,337,808
Fund Balance, Beginning of Year
Fund Balance, End of Year
2010
Actual
Total Revenues
Total Expenditures
Excess of Revenues Over (Under) Expenditures
Other Financial Sources (Uses)
Excess of Revenues and Other Financing
Sources Over (Under) Expenditures
and Other Financing Uses
Consolidated Government General Fund
Statement of Revenues, Expenditures and Changes in Fund Balances
Years Ended December 31
2011
2012
2013
2014
Actual
Actual
Actual
Actual
$120,243,212
$123,542,964
$125,219,747
$127,418,271
$147,249,134
120,654,629
125,709,655
130,529,461
128,826,492
151,976,074
(411,417)
(2,166,691)
(5,309,714)
(1,408,221)
(4,726,940)
2,031,222
3,859,895
2,243,922
629,900
(2,155,627)
$1,619,805
$1,693,204
($3,065,792)
($778,321)
($6,882,567)
Augusta Richmond County
2014
Annual Financial Information and Operating Data
Capital Assets
Function and Activity
2010
Land
Site Improvements
Buildings
Building Improvements
Vehicles
Machinery and Equipment
IT - Hardware
IT - Software
Furniture and Fixtures
Other Capital
Infrastructure
Construction in Progress - Additions
Construction in Progress - Placed into Service
$175,000
1,422,127
1,900,392
2,322,489
2,502,504
751,035
204,553
132,923
0
27,295
87,400
80,410,124
(8,870,121)
Total
Years Ended December 31
2012
2013
2011
$81,065,721
$0
130,965
0
96,562
2,210,655
262,961
204,710
76,110
0
0
109,822
64,980,601
(763,058)
$67,309,328
$74,270
35,649
513,948
79,926
640,692
441,711
450,696
29,402
0
0
0
45,832,855
(5,457,064)
$42,642,085
2014
$907,859
31,945
356,084
318,755
1,111,214
1,575,108
94,910
113,098
0
0
646,474
45,831,829
(4,092,671)
$46,894,605
Sources of Tax Revenues
(See Sheet 2, Table 3)
Employee Benefits
Contributions to Defined-Benefit Pension Plans
2010
Years Ended December 31
2012
2013
2011
2014
1945 Plan
Employee Contributions
Employer Contributions
$9,913
302,173
$6,253
429,256
$6,569
291,502
$6,617
299,605
$6,661
299,565
1977 Plan
Employee Contributions
Employer Contributions
General Pension Plan
Employee Contributions
Employer Contributions
Policemen's Pension Plan
Employee Contributions
Employer Contributions
Firemen's Pension Plan
Employee Contributions
Employer Contributions
City Employees' Pension Plan
Employee Contributions
Employer Contributions
General Retirement Plan
Employee Contributions
Employer Contributions
GMEBS
Employee Contributions
Employer Contributions
---
---
---
---
---
n./a
n/a
0
n/a
0
n/a
0
n/a
0
n/a
n/a
25,955
n/a
26,730
n/a
27,256
n/a
27,256
n/a
n/a
116,471
n/a
56,452
n/a
38,319
n/a
38,319
n/a
n/a
225,953
n/a
230,642
n/a
196,675
n/a
196,675
$328,136
1,306,374
$295,021
1,543,071
$219,125
2,826,791
$202,735
1,924,332
$185,458
2,256,722
$2,923,382
2,438,559
$2,913,847
4,840,739
$3,052,262
5,220,876
$3,022,920
5,170,685
$3,377,580
5,770,378
Membership in Defined-Benefit Pension Plans as of December 31, 2014
Retirees and
Beneficiaries
Receiving Benefits
1945 Plan
Policemen's Pension Plan
Firemen's Pension Plan
City Employees' Pension Plan
General Retirement Plan
GMEBS
Total
25
1
2
6
182
448
664
Terminated Plan
Members Entitled to
But Not Yet
Receiving Benefits
0
0
0
0
10
98
108
Active Plan
Members
2
0
0
0
71
2,141
2,214
$373,433
9,467
0
126,696
762,031
714,461
63,256
210,868
59,487
0
0
44,479,529
(3,046,563)
$43,752,665
Augusta Richmond County
2014
Annual Financial Information and Operating Data
Insurance Coverage and Governmental Immunity
Present coverage for the Consolidated Government
Amount
in Force
Type
Building and Contents
Employee Blanket Bond
Public Official Bond for each Commissioner
Type
$500,000,000
$100,000
$10,000
Limits of Liability
Each Occurrence
Aggregate
Public Official Liability
2,000,000
none
Consolidated Government's self-insured retention and excess liability insurance coverage
Type
Workers' Compensation - All others
Workers' Compensation - Law
Enforcement/Fire Protectin
Self-Insured Retention
Each Occurrence
Aggregate
$600,000
none
$650,000
none
Excess Liability Insurance
Limits of Liability
Each Occurrence
Aggregate
$1,000,000
none
Augusta Richmond County
2014
Annual Financial Information and Operating Data
Landfill Rates and Charges
(as of December 31, 2014)
Waste and Recycling Fees
Type of Disposal
Rates
MSW, C&D, Special Waste
Solid Waste Disposal (0 to 2,499 TPM)
Solid Waste Disposal (2,500 - 5,999 TPM)
Solid Waste Disposal (5,500 - 11,000 TPM)
Solid Waste Disposal (11,000 or greater TPM)
Inert Waste Disposal
Beneficial Use
Asbestos
Non-Profit Organizations Waste Disposal (with Administrator's approval)
Metal
Tires (17 inch or smaller)
Tires (Larger than 17 inch)
Tires (Truck Load, Off Road, Agricultural)
Mulch Purchase (Commercial)
Recycling
$33.50
30.50
27.50
24.50
16.75
10.00
20.00
23.50
0.00
3.00
8.00
180.00
15.00
0.00
Per Ton
Per Ton
Per Ton
Per Ton
Per Ton
Per Ton
Per Cubic Yard
Per Ton
Per Ton
Each
Each
Per Ton
Per Ton
Per Load
TPM = Tons Per Month
Service Fees
Equipment Assistance
Refrigerant Removal
Unloading/ Re-loading Assistance
$150.00
10.00
150.00
Per Hour
Each
Per Hour
$100.00
3.00%
Per Vehicle
Administrative Fees
Annual Permit
Credit Card Convenience Fee
Environmental Recovery Fee
(Applied to all charges less State Solid Waste Surcharge)
Minimum Charge/ Non-Commercial
Minimum Charge/ Commercial
Minimum Finance Charge
Non-Secured Loads/ Non-Commercial
Non-Secured Loads/ Commercial
Fuel Recovery Fee
The State Solid Waste Surcharge will be added
3.00%
$5.00
$33.50
$1.50
$25.00
$75.00
$0.75
Landfill Top Ten Customers - including residental
(as of December 31, 2014)
Name
1
2
3
4
5
6
7
8
9
10
Advanced Disposal - Commercial
Waste Management
Pyramax Ceramics
Ash Britt
Inland Services - Residential
Advanced Disposal - Residential
City of Sanderville
Blair Construction
Columbia Waste
Inland Services
Tons
151,941
65,074
49,201
42,151
38,411
31,795
7,044
6,660
5,762
4,792
Revenue
$
4,989,555
1,819,414
544,189
707,147
1,331,768
1,036,721
175,572
98,741
203,222
168,584
Landfill Top Ten Customers - Commercial
(as of December 31, 2014)
Name
1
2
3
4
5
6
7
8
9
10
Advanced Disposal - Commercial
Waste Management
Pyramax Ceramics
Ash Britt
City of Sandersvill
Blair Construction
Columbia Waste
Dorado - Post
Thompson Buildig Wrecking
August Canal Authority
Tons
151,941
65,074
49,201
42,151
7,044
6,660
5,762
4,526
4,167
3,708
Revenue
$
4,989,555
1,819,414
544,189
707,147
175,572
98,741
203,222
159,767
186,989
91,942
Ton
Each Occurrence
Each Occurrence
Ton