Document Columbiacountyga_doc_6fdfb3919a

¦ Statistical Tables ¦ Revenue Bonds Disclosure ¦ General Obligation Bonds Disclosure Statistical Section ---PAGE BREAK--- Statistical Tables ---PAGE BREAK--- NOTES : Includes General, Special Revenue and Debt Service Funds of Primary Government Includes capital outlay, which, prior to 2003, was included in the individual functions of the general government . Columbia County, Georgia - . 126 GENERAL GOVERNMENTAL EXPENDITURES BY FUNCTION Table 1 LAST TEN FISCAL YEARS Fiscal Year Ended June 30, General Government Judicial System Public Safety Public Works Health & Welfare Housing & Development Culture & Recreation Debt Service Other Total 1994 6,292,908 1,283,780 7,506,352 3,644,127 671,999 112,873 1,346,729 228,027 21,086,795 1995 6,588,247 1,300,391 9,170,784 2,939,162 719,944 109,162 1,853,121 225,902 22,906,713 1996 6,284,902 1,460,714 9,208,051 2,811,392 760,116 134,861 1,891,957 232,300 22,784,293 1997 5,914,344 1,656,768 11,211,087 3,137,791 862,363 141,076 1,908,705 227,869, 25,060,003 1998 6,284,392 1,730,907 10,747,009 3,523,993 1,018,211 139,108 1,885,993 227,697 25,557,310 1999 6,173,098 2,068,061 11,686,168 3,546,658 893,004 1,100,017 2,288,844 597,489 28,353,339 2000 6,380,124 2,016,575 12,745,804 4,000,708 922,078 - 1,404,108 2,556,605 1,664,420 31,690,422 2001 6,694,384 2,335,273 14,161,894 3,770,180 1,033,054 1,660,079 2,548,726 1,831,978 34,035,568 2002 7,246,260 2,332,561 15,231,798 4,001,920 574,293 1,519,680 2,515,717 1,699,356 35,121,585 2003 7,890,440 2,743,410 15,528,366 4,182,603 934,025 2,474,174 2,696,304 1,769,499 2,010,863 40,229,684 ---PAGE BREAK--- NOTES : Includes General, Special Revenue and Debt Service Funds of Primary Government . Columbia County, Georgia 127 GENERAL GOVERNMENTAL REVENUES BY SOURCE Table 2 LAST TEN FISCAL YEARS Fiscal Year Ended June 30, Taxes - Property and Other Fines . and Forfeitures Charges for Services Inter- governmental Licenses i and Permits Investment Income Other Total 1994 15,101,007 2,000,253 987,166 555,258 j 945,432 88,156 210,038 19,887,310 1995 17,287,867 1,703,978 1,261,738 510,934 754,468 113,543 387,050 22,019,578 1996 18,738,566 1,851,117 1,301,629 502,515 . . 779,603 209,120 360,188 23,742,738 1997 19,485,613 2,424,420 1,287,194 875,916 829,900 . 205,596 293,737 25,402,376 1998 20,220,101 2,617,466 830,545 1,315,943 876,708 271,888 704,942 26,837,593 1999 24,432,264 2,682,118 1,896,152 1,345,062 466,314 385,418 963,558 32,170,886 2000 26,416,860 1,818,968 2,736,060 1,624,097 552,333 554,120 618,397 34,320,835 2001 28,054,324 1,645,981 2,579,899 2,264,892 478,022 600,630 485,530 36,109,278 2002 29,957,262 1,665,627 3,178,470 1,516,275 674,380 296,461 1,064,032 38,352,507 2003 30,389,503 2,243,567 4,935,923 2,851,214 1,023,026 322,260 507,407 42,272,900 ---PAGE BREAK--- SOURCE: Tax Commissioner's Office NOTES : Above amounts include taxes levied and collected for the Columbia County Board of Commissioners, the Columbia County Board of Education, State of Georgia, and other muncipalities within Columbia County . Total Tax Collections are as of December 17, 2003 . 2003 property taxes are due November 15, 2003 . 2003 public utilities taxes are due February 10, 2004 . Total tax levyy includes all adjustments made to original approved digest as of December 17, 2003 . Columbia County, Georgia 128 PROPERTY TAX LEVIES AND COLLECTIONS BY TAX YEAR Table 3 LAST TEN YEARS Calendar Year of Levy Total Tax Levy Total Tax Collections Percent Collected Delinquent . Taxes Percent Delinquent 1994 31,366,374 31,366,207 -100.000/0 167 0.00% 1995 33,667,052 33,666,865 100.00% 187 0.00% 1996 35,334,026 35,331,339 99.99% 2,687 0.01% 1997 36,204,928 36,202,378 '99.99% 2,550 0.01% 1998 39,805,057 39,799,256 99.99% 5,801 0.01% 1999 40,846,290 40,832,494 99.97% 13,796 0.03% 2000 43,094,113 43,050,862 99.90% 43,251 0.10% .2001 45,071,501 44,989,294 99.82% 82,207 0.18% 2002 46,876,797 46,534,572 99.27% 342,225 0.73% 2003 50,418,838 46,909,240 93.04% 3,509,598 6.96% ---PAGE BREAK--- Columbia County, Georgia ASSESSED AND ESTIMATED ACTUAL VALUE OF PROPERTY LAST TEN YEARS 129 Table 4 Total : Total Ratio of Net Calendar AssessedValue Total Less: Net Estimated Assessed Value Year of Real Personal Motor Mobile Public Assessed Value M & O Assessed Actual to Total Estimated Levy Property Property Vehicle Homes Utilities of Property Exemptions Value Value Actual Value 1994 1,165,614,909 99,711,180 136,630,143 6,353,861 41,058,186 1,449,368,279 (99,869,209) 1,349,499,070 3,623,420,698 37.24% 1995 1,259,733,837 120,249,501 170,607,218 7,039,371 43,390,852 1,601,020,779 (125,563,861) 1,475,456,918 4,002,551,948 36.86% 1996 .1,319,171,555 139,935,691 177,620,544 7,411,689 44,689,861 1,688,829,340 (146,404,217) 1,542,425,123 4,222,073,350 36.53% 1997 1,381,370,723 147;173,343 201,935,533 . 9,287,109 45,018,373 1,784,785,081 (155,915,032) 1,628,870,049 4,461,962,703 36.51%. 1998 1,462,125,538 157,798,551 202,267,930 9,362,105 46,648,199 1,878,202,323 (165,293,687) 1,712,908,636 4,691,431,243 36.51% 1999 1,560,709,822 170,516,511 210,452,787 13,596,286 46,672,921 2,001,948,327 (183,557,192) 1,818,391,135 5,004,870,817 36.33% 2000 1,698,045,665 191,960,824 232,554,654 13,605,887 46,656,796 2;182,823,826 (203,197,278) 1,979,626,548 5,457,059,565 36.28% 2001 1,856,724,006 228,476,830 260,114,310 13,505,383 46,110,040 2,404,930,569 (233,029,706) 2,171,900,863 6,012,326,423 36.12% 2002 1,922,410,017 233,705,404 264,703,966 12,789,471 46,343,527 2,479,952,385 (247,371,998) 2,232,580,387 6,199,880,963 36.01% 2003 2,067,487,973 234,157,580 267,976,520 11,959,826 47,691,780 2,629,273,679 (251,887,437) 2,377,386,242 6,573,184,198 36.17% SOURCE: Tax Commissioner's Office NOTES : Under Georgia law, property, other than timber, is assessed for taxes at 40% of fair market value . Includes assessed value of timber. ---PAGE BREAK--- Columbia County, Georgia SOURCE: Tax Commissioner's Office NOTES: Rollback of property taxes based on the receipt of sales tax revenues as required by Georgia Law. (Continued) 130 PROPERTY TAX RATES DIRECT AND OVERLAPPING GOVERNMENTS (PER $1,000 OF ASSESSED VALUE) Table 5 LAST TEN YEARS COUNTY GOVERNMENT COUNTY SCHOOL DISTRICT Calendar Year State of Georgia Gross County M & 0 County LOST Reduction County Net M & O County Debt Service School M & O School Debt Service Total 1994 0.25 9.84 (3.31) 6.53 0.17 14.76 3.75 25.46 . 1995 0.25 9.97 (3.34) 6.63 0.07 14.76 3.75 25.46 1996 0.25 9.88 (3.33) 6.55 0.15 14.76 3.75 25.46 1997 0.25 10.25 (3.68) 6.57 0.13 17.51 0.50 24.96 1998 0.25 9.92 (3.36) 6.56 1.14 17.51 0.50 25.96 1999 0.25 10.27 (3.71) 6.56 1.14 17.51 0.00 25.46 2000 0.25 10.26 (3.70) 6.56 1 .14 17.18 0.00 25.13 2001 0.25 11.05 (3.70) 7.35 0.35 17.18 0.00 25.13 2002 0.25 10.65 (3.60) 7.05 0.65 17.18 0.00 25.13 2003 0.25 10.62 (3.69) 6.93 1 . 0.77 17.18 0.00 25.13 ---PAGE BREAK--- Columbia County, Georgia PROPERTY TAX RATES DIRECT AND OVERLAPPING GOVERNMENTS (PER.$1,000 OF ASSESSED VALUE) LAST TEN YEARS CITY OF HARLEM CITY OF GROVETOWN Calendar Year 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 SOURCE: NOTES: Rollback of property taxes based on the receipt of sales tax revenues as required by Georgia Law . 1 31 (Concluded) Table 5 City of Harlem Harlem LOST Gross Reduction City of Harlem Net M & Total Harlem & O County City of . Grovetown 'Gross Grovetown City of LOST Grovetown Reduction Net M & 0 Total Grovetown & County 21.14-(15.64) 5.50 30.96 27.29 (22.59) 4.70 30.16 20.62 (15.12) 5.50 30.96 24.34 (19.64) 4.70 30.16 21.65 (16.15) 5.50 30.96 22.66 (17.96) 4.70 30.16 19.01 (13.51) 5.50 30.46 22.45 (17.75) 4.70 29.66 22.55 (17.05) 5.50 31.46 21.27 (16.57) 4.70 30.66 24.90 (19.40) 5.50 30.96 20.35 (15.65) 4.70 30.16 24.91 (19.41) 5.50 30.63 21.08 (16.38) 4.70 29.83 26.74 (21 .24) 5.50 30.63 20.25 (15.55) 4.70 29.83 26.62 (21 .12) 5.50 30.63 19.58 (14.94) 4.64 29.77 27.25 (21 .83) 5.42 .30.55 17.56 (12.92) 4.64 29.77 ---PAGE BREAK--- SOURCE: Tax Commissioner's Office Notes: Includes taxes levied for Columbia County Board of Commissioners only . 1 32 TAXPAYER Columbia County, Georgia PRINCIPAL TAXPAYERS December 31, 2003 PERCENTAGE OF TOTAL ASSESSED VALUATION COUNTY TAXES LEVIED Table 6 PERCENTAGE OF TOTAL COUNTY TAXES LEVIED ACTIVITY 2003- 1 - ASSESSED VALUATION Georgia Power Electric Power Utility $23,596,098 0.99% $163,521 0.99% John Deere Commercial Products Small Tractor Assembly 19,791,507 0.83% 137,155 0.83% Quebecor World Inc. Catalog Printing 17,239,682 0.73% 119,471 0.73% Bell South Telecommunications Telephone Utility 11,819,112 0.50% 81,906 0.50% Wal-Mart Real Estate Business Retail 10,426,753 0.44% 72,257 0.44% Club Car Inc Utility/Golf Carts 7,082,425 0.30% 49,082 0.30% Atlanta Gas Light Company Natural gas utility 6,350,499 0.27% 44,008 0.27% KRI, Inc Catalog Printing 4,829,431 0.20% 33,467 0.20% Walden Glen LLC Apartments 4,557,631 0.19% 31,584 0.19% . South Carolina Elec & Gas Elec/Gas Utility 3,615,475 0.15% 25,055 0.15% Total principal taxpayers $109,308,613 4.60% $757,506 4.60% Net assessed value/taxes levied (2003) $2,377,386,242 $16,475,287 ---PAGE BREAK--- Columbia County, Georgia SPECIAL ASSESSMENT BILLINGS AND COLLECTIONS LAST TEN FISCAL YEARS Columbia County has not incurred any Special Assessment Debt 1 33 Table 7 ---PAGE BREAK--- Columbia County, Georgia COMPUTATION OF LEGAL DEBT MARGIN June 30 2003 134 5 Table 8 Bond Digest Maintenance and Operations Digest Net Assessed Value: Assessed Value $2,629,273,679 $2,629,273,679 Less Applicable Exemptions (217,793,437) (251,887,437) Net Assessed Value $2,411,480,242 $2,377,386,242 Legal Debt Margin: Debt Limitation - 10% of net assessed value $241,148,024 $237,738,624 General Obligation Bonds applicable to debt limitation (27,895,000) Legal Debt Margin $213,253,024 Debt Guaranteed by General Fund Revenues : Development Authority Revenue Bonds $4,445,000 Solid Waste Management Authority Revenue Bonds 3,390,000 Debt Guaranteed by General Fund Revenues $7,835,000, ---PAGE BREAK--- Columbia County, Georgia RATIO OF NET GENERAL OBLIGATION BONDED DEBT TO ASSESSED VALUE AND NET GENERAL OBLIGATION BONDED DEBT PER CAPITA LAST TEN FISCAL YEARS NOTES : Source: The Georgia County Guide and the Columbia County Planning Department . From Table 4 . Amount does not include revenue bonds . Amount available for repayment of general obligation bonds . 1 35 Table 9 Fiscal Year Ended June 30, Population Net Assessed Value Gross Bonded Debt Less Debt Service Fund Net Bonded Debt Ratio of Net Bonded Debt to Assessed Value Net Bonded Debt per Capita 1994 78,149 1,349,499,070 1,280,000 143,122 1,136,878 0.08% 15 1995 81,491 1,475,456,918 . 1,125,000 200,460 924,540 0.06% 11 1996 83,077 1,542,425,123 955,000 40,945 914,055 0.06% 11 1997 85,106 1,628,870,049 780,000 25,714 754,286 0.05% 9 1998 86,675 1,712,908,636 595,000 1,669 593,331 0.03% 7 1999 88,280 1,818,391,135 29,115,000 1,350,715 27,764,285 1.53% 315 . 2000 89,826 1,979,626,548 28,905,000 . 1,984,204 26,920,796 . 1.36% 300 2001 91,944 2,171,900,863 28,515,000 2,628,666 25,886,334 1.19% 282 2002 94,958 2,232,580,387 28,245,000 3,355,234 24,889,766 . 1 .11% 262 2003 97,220 2,377,386,242 27,895,000 715,729 27,179,271 1 .14% 280 ---PAGE BREAK--- Columbia County, Georgia Table 10 RATIO OF ANNUAL DEBT SERVICE EXPENDITURES FOR GENERAL BONDED DEBT TO TOTAL GENERAL GOVERNMENTAL EXPENDITURES(1) LAST TEN FISCAL YEARS NOTES : Includes General, Special Revenue and Debt Service Funds of Primary Government . Excludes bond issuance and other costs . From Table 1 . 1 36 Fiscal Year Ended June 30, Principal Interest Total Debt Service Total General Governmental Expenditures Ratio of Debt Service to General Governmental Expenditures 1994 150,000 77,315 227,315 21,086,795 1.08% 1995 155,000 69,988 224,988 22,906,713 0.98% 1996 170,000 61,488 231,488 22,784,293 1.02% 1997 175,000 52,128 227,128 25,060,003 0.91% 1998 185,000 41,950 226,950 25,557,310 0.89% 1999 195,000 401,700 596,700 28,353,339 2.10% 2000 210,000 1,454,420 1,664,420 31,690,422 5.25% 2001 390,000 1,441,978 1,831,978 34,035,568 5.38% 2002 270,000 1,428,892 1,698,892 35,121,585 4.84% 2003 350,000 1,419,499 1,769,499 . 40,229,684 4.40% ---PAGE BREAK--- I . Columbia County, Georgia COMPUTATION OF DIRECT AND OVERLAPPING BONDED DEBT GENERAL OBLIGATION BONDS . June 30, 2003 137 Table 11 Net General Obligation Bonded Debt Outstanding Percentage Applicable to Columbia County Amount Applicable to Columbia County Direct General Obligation Debt : Columbia County $27,895,000 100.00% $27,895,000 Overlapping General Obligation Debt: Columbia County Board of Education 49,630,000 100.00% 49,630,000 Total Direct and Overlapping General Obligation Debt $77,525,000 $77,525,000 NOTES : Per the Columbia County Board of Education ---PAGE BREAK--- Columbia County, Georgia NOTES : Total revenues excluding interest . Total operating expenses exclusive of depreciation and amortization . Includes principal and interest of revenue bonds only . It does not include debt defeasance transactions . 1 38 REVENUE BOND COVERAGE WATER AND SEWERAGE DEPARTMENT LAST TEN FISCAL YEARS Table 12 Fiscal Year Ended June 30, Gross Revenues Operating Expenses Net Revenue Available for Debt service Requirements coverage Debt Service Principal - Interest Total 1994 9,045,083 4,268,805 4,776,278 1,250,000 1,930,063 3,180,063 1 .50 1995 8,629,763 4,384,649 4,245,114 1,260,000 2,074,816 3,334,816 1 .27 1996 13,342,239 4,417,286 8,924,953 4,976,177 2,263,099 7,239,276 1 .23 1997 10,158,778 4,316,241 5,842,537 2,055,762 2,179,984 4,235,746 1 .38 . 1998 10,854,427 4,607,053 6,247,374 1,630,001 2,275,220 3,905,221 1 .60 1999 12,684,128 5,305,150 7,378,978 1,710,000 2,307,334 4,017,334 1 .84 2000 14,284,721 5,783,695 8,501,026 1,780,000 2,305,079 4,085,079 2.08 2001 15,926,771 6,170,639 9,756,132 2,115,000 2,623,638 4,738,638 2.06 2002 17,152,167 7,187,774 9,964,393 2,540,000 2,910,261 5,450,261 1 .83 2003 18,226,969 7,518,751 10,708,218 2,690,000 2,800,310 5,490,310 1 .95 ---PAGE BREAK--- Columbia County, Georgia SOURCE: Georgia County Guide, University of Georgia NOTES : N/A = Not Available Years 1992 - 1999 are Census Bureau Estimates as of July 1 of each year . Year 2000 was an actual Decennial Census Year . Per Columbia County Board of Education. Enrollment figures are as of November 4, 2003 . Per Columbia County Planning and Development Services as of December 5, 2003 . As of January 1, 1995, the Occupational Tax law and the requirements for business licenses changed. Per the Georgia Department of Labor for year 2000 . 139 DEMOGRAPHIC STATISTICS LAST TEN YEARS Table 13 Year Population(l) Per Capita Income Median Age School Enrollment Number of Business Establishments Taxable Sales in Thousands Unemployment Rate(5) 1994 78,149 18,764 31.2 16,008 3,386 562,261 4.20% 1995 81,491 19,429 31 .2 16,528 2,540 577,872 4.20% 1996 83,077 21,017 31 .2 17,100 2,658 643,106 4.10% 1997 85,106 22,014 31 .2 17,979 2,731 692,144 3.90% 1998 86,675 23,346 31 .2 18,582 2,845 748,055 3.30% 1999 88,280 24,142 31 .2 18,664 2,936 N/A 3.10% 2000 89,826 25,707 31 .2 18,690 2,933 832,828 2.90% 2001 91,944 26,487 35.4 18,775 3,065 870,927 2.60% 2002 94,958 N/A 35.4 19,042 3,662 935,398 3.40% 2003 97,220 N/A 35.4 19,633 3,960 N/A N/A ---PAGE BREAK--- 1994 671,749,910 2,951,670,788 3,623,420,698.' 1995 769,177,475 3,233,374,473 4,002,551,948 1996 863,617,485 3,358,455,865 4,222,073,350 1997 1,296,610,540 3,165,352,163 4,461,962,703 1998 1,734,508,143 2,956,923,100 4,691,431,243 1999 1,855,214,320 3,149,656,498 5,004,870,817 2000 2,025,983,450 3,431,076,115 5,457,059,565 2001 2,379,195,248 3,633,131,175 6,012,326,423 2002 2,350,907,935 3,848,973,028 6,199,880,963 2003 2,436,750,450 4,136,433,748 6,573,184,198 SOURCE: Columbia County Tax Commissioner Columbia County Engineering Services The Georgia County Guide NOTES: N/A = Not Available * Amounts expressed in thousands Total Estimated Actual Value of Property from Table 4 . 2003 construction measures are as of November 1, 2003 . Includes all property not classified as residential . Columbia County, Georgia PROPERTY VALUE, CONSTRUCTION AND BANK DEPOSITS LAST TEN YEARS Property Value Construction CommerciaLlIndustrial Residential Number Number Total Bank Year Commercial Residential Total of Units of Units Value* Deposits Table 14 65 1092 156,269 303,671 56 . 874 117,424 341,411 31 811 101,092 357,818 66 868 108,424 494,388 68 1,272 137,665 575,[PHONE REDACTED] 146,354 593,152 100 943 149,633 632,732 70 1059 175,897 709,156 68 1,489 204,726 808763 53 1,148 243,865 N/A 140 ---PAGE BREAK--- 141 Columbia County, Georgia MISCELLANEOUS STATISTICS _ June 30 2003 Table 15 Dateof Incorporation 1790 Form Number of Government of Employees: Police Five Member Board of Commissioners 723 Other 307 Area in square miles 416 Columbia County Facilities and Services: Miles of County maintained roads 626 Culture and Recreation: Gym Complex Center Community Centers I 3 Parks 10 Libraries 3 Miles of lake shoreline 1,200 Police Protection : Number of Personnel 307 Number of calls for service 50,367 Number of prisoners processed 2,808 Civil & criminal cases processed 7,631 Court System: Number of traffic cases 9,662 Number of marriage licenses 284 Number of gun permits 584 Fish & Game cases 169 Sewer System: Number of treatment plants 3 Maximum daily capacity of treatment plant in gallons 9,050,000 Number of Accounts 23,711 Water System : Daily water treatment production capacity in gallons 39,000,000 Number of Accounts 29,670 Facilities and Services not included in the reporting Education: entity: Number of elementary schools 15 Number of middle schools 7 Number of high schools 4 Number of alternative schools 1 Fire Protection: 17 Number of fire stations Medical Facilities in the Metro Augusta area Numberofhospitals 7 Number of patient beds 1,854 ---PAGE BREAK--- Revenue Bonds Disclosure ---PAGE BREAK--- THE COLUMBIA COUNTY WATER & SEWERAGE SYSTEM General The Columbia County Water & Sewerage System (the System) is composed of a water storage and distribution system and a water collection, treatment and disposal system. The day-to-day operation of the System is under the direction of Mr. William Clayton, Director of the Water and Sewer Services Division of Columbia County, GA (the County) . Mr. Clayton has been employed with the County for 28 years and in his current capacity as Director for 24 years . The Board of Commissioners has ultimate authority and control over the policies and rate setting for the System . The County employs approximately 85 persons in managerial, clerical, maintenance and other capacities relating to the System . The System provides water service to approximately 29,853 customers and sewer service to approximately 23,882 customers in the County. The System does not serve customers outside the County . Water System The original water supply and distribution system was constructed in 1962 . The original water supply consisted of 300 gallons per minute well. Due to the lack of an acceptable volume of well water, the System was expanded in 1971 with a two million gallon per day ("MGD") surface water treatment plant located near the Savannah River in the vicinity of the Stevens Creek Dam and Reservoir. The treatment plant's capacity was expanded to 6 MGD in 1979, to 8 MGD in 1981, to 12 MGD in 1985, to 21 MGD in 1991, to 24 MGD in 1999, to 30 MGD in 2000, and 31MGD in 2001 . Water is supplied from the Savannah River by a raw water intake and pump station with vertical turbine pumps. The rate capacity of the pump station is 34 MGD . Treatment is provided through rapid mixing, flocculation, sedimentation, filtration, chlorine disinfection, and fluoridation . Four million gallons of finished water storage is provided prior to pumping into the distribution system. The high service pump station has a rated capacity of 38 MGD. In 1989, a second treatment plant, with 2 MGD capacity expanded to 3 MGD in 1999 and 8 MDG in 2001, was constructed at Clark's Hill reservoir to provide water to the western areas of the County . The water distribution system uses four system elevations to serve its customers. The high level system (elevation 650 feet) services the new industrial park located near Grovetown. The upper intermediate level system (elevation 615 feet) services the majority of the Martinez-Evans area. The lower intermediate level system (elevation 565 feet) serves the Columbia Road area and Appling. The low level system (elevation 500 feet) provides water to the northwest portion of the County. Four booster pump stations, Columbia Road, Flowing Wells, and Station No. 4 at Morningside Drive in Evans, supply water from the lower intermediate level to the upper intermediate level systems . Supplemental water can be provided by the Augusta-Richmond County Water System through a connection to the upper intermediate level system at Belair Road by Pump Station No . 3. Road Pump Station will supply the upper intermediate level system from the lower intermediate level system . Finished water storage consists of 11,000,000 gallons on the low level system (11,000,000 gallons ground storage), 7,750,000 gallons on the lower intermediate level system, 2,750,000 gallons on the upper intermediate level system (five 250,000 gallons elevated, two 500,000 gallon elevated and one 1,000,000 gallon tank), and 500,000 gallons on the high level system . Sewerage System The sewerage system consists of three water pollution control plants, 14 sewerage pump stations, and collection and interceptor sewers from 8" to 30" . The Crawford Creek water pollution control plant is an extended aeration type activated sludge plant with a design capacity of 1.5 MGD. The service area for this plant is south of Georgia Hereford Farm Road, west ofBelair Road, north of Road, and west of Lewiston Road. Based on population projections, the Crawford Creek water pollution control plant will be adequate until 2010 . 1 42 ---PAGE BREAK--- The Reed Creek water pollution control plant is an advanced treatment activated sludge plant with a capacity of 4.55 MGD. The Reed Creek plant is expected to be operating at capacity by 2008 . The present service area for this plant includes the Reed Creek, Jones Creek and Betty's Branch drainage basins . The Little River Plant, which serves the Euchee Creek River Basin and was completed in 1989 with a capacity of 1 .5 MGD, was expanded in 1999 to 3 .0 MGD . Some flow from the Reed Creek plant will be directed to the Little River plant, expanding its capacity date to 2010 . The sewerage collection system encompasses gravity sewers, lift stations and force mains. Water and Sewer Rates The following water and sewerage rates, effective since April 1, 2003, are currently being charged by the System . Source: Columbia County Water and Sewer Services Division Tap and Connection Charges All water and sewer tap-in fees are based on three different conditions that exist in the System. These conditions are as follows: A) Where applicant applies for a tap inside a developed area in which the developer has furnished water and/or sewer mains, taps, and meter boxes . B) Where applicant applies for a tap inside a developed area in which the developer has furnished only the water and/or sewer mains . C) Where applicant lives adjacent to a water and/or sewer main installed by the System . 143 Residential Water Tap Size Bracket Water gallons Sewer Base Per 1,000 gallons Base Per 1,000 1" and Smaller <10,000 gals >10,000 gals >30,000 gals >50,000 gals $7.34 $8.62 $1.69 Levelized Winter Billing $1 .51 $2.09 $3.03 $4.11 Commercial Water Sewer Per 1,000 gallons Water Tap Size Base Per 1,000 gallons Base 1" $ 13.00 $1.51 $ 15 .35 $1.69 12 11 29.25 1.51 34.53 1.69 2" 51.88 1.51 61 .38 1.69 3" 117.01 1.51 138.11 1.69 4" 208.03 1.51 245 .55 1.69 6" 467.55 1.51 555.55 1 .69 ---PAGE BREAK--- Residential Water Tap-in Fees. C) 1,122 Residential Sewer Tap-in Fees . 1 44 1) , Cost for residential sewer tap . A) B) C) $598 747 897 Commercial Water and Sewer Tap-In Fees . 1) Cost for 1" service for commercial use . Water Sewer $747 1,046 1,247 A) $299 B) 747 C) 1,121 A) B) C) Cost for 1 2" service for commercial use . Water Sewer A) B) C) $ 747 971 1,345 A) B) C) $897 1,159 1,413 3) Cost for 2" service for commercial use . Water Sewer A) $ 972 A) $3,867 B) 1,262 B) 4,634 C) 1,748 C) 5,232 4) Cost for 3" service for commercial use. Cost for 4" service for commercial use . Water Sewer A) $3,289 A) $11,212 B) 4,036 B) 11,960 C) 4,485 C) 12,707 Water Sewer A) $2,019 A) $6,279 B) 2,541 B) 7,026 C) 2,990 C) 7,774 1) Cost of 5/8" service for residential use . A) $299 B) 598 C) 897 2) Cost of 1" service for residential use. A) $412 B) 673 C) 1,010 3) Cost of 1 2" service for residential use . A) $523 B) 897 ---PAGE BREAK--- Source: Columbia County Water and Sewer Services Division Billing Policy bills are prepared each month based on usage during the previous month . All meters are read beginning on the first of each month and completed by the 20th of each month. The bills are computed by using the amount of usage determined by the meter readings . The bills are prepared and mailed on the last day of each month . The water and sewer bill is due upon receipt and customers are subject to cutoff for bills not paid by the 20th of the second month . After the 15th of each month, a ten percent penalty is imposed . System personnel are sent to the location of the customer to disconnect service for nonpayment . A $25.00 reconnect fee is charged to each customer for services discontinued due to nonpayment of the water and sewerage bill. [Remainder of Page Intentionally Left Blank] 145 6) Cost for 6" service for commercial use . Water Sewer A) $6,578 A) $22,425 B) 7,325 B) 24,667 C) 8,222 C) 26,162 ---PAGE BREAK--- Major Users of the System The following table shows the 10 largest users of the System and the water and sewerage revenues derived from such customers for the 12 months ended June 30, 2003 . Ten Largest Customers 1 46 Source: 1982 - 1990 Consulting Engineers Report of Zimmerman, Evans & Leopold, Inc . dated June 1991 ; 1991-2002 provided by Columbia County Water and Sewer Services Division User Business Total Revenues Percentage of Total Operating Revenues City of Grovetown City Hall (Harlem) World Color Brandon Wilde Board of Education Walden Glen Apartments Jensen's, Inc . (Wymberly) Wedgewood Apartments Shenandoah Ridge Assoc. Greenfield Industries Local Government Local Government Manufacturer Retirement Community Local Government Apartment Complex Retirement Community Apartment Complex Apartment Complex Manufacturer $217,491 141,017 139,194 107,405 59,750 43,142 39,766 37,321 53,781 25 630 1.19% .77 .76 .59 .33 .24 .22 .20 .30 .14 Total $864,497 4.74% Source: Columbia County Water and Sewer Services Division Water and Sewerage Customers Year Ended June 30 Water Sewer Total Annual Growth 1982 8,509 5,380 13,889 1983 8,617 5,987 14,604 5.1% 1984 9,499 6,594 16,093 10.2 1985 10,768 7,482 18,250 13 .4 1986 12,176 8,513 20,689 13 .4 1987 13,259 9,403 22,662 9.5 1988 14,267 10,244 24,511 8.2 1989 14,949 10,797 25,746 5.0 1990 16,311 11,846 28,157 9.4 1991 17,113 12,534 29,647 5.3 1992 18,474 13,753. 32,227 8.7 1993 . 19,465 14,303 33,768 4.7 1994 20,803 15,115 34,918 3.4 1995 21,306 15,824 37,130 6.3 1996 22,235 16,911 39,146 5.4 1997 23,197 17,919 41,116 5.0 1998 24,009 18,833 42,842 4.2 .1999 25,069 19,739 44,808 4.5 2000 26,001 20,536 46,537 3 .8 2001 26,919 21,281 48,200 3 .5 2002 28,054 22,332 50,386 4.5 2003 29,853 23,882 53,735 6.6 ---PAGE BREAK--- Number of Customers The System currently delivers water to 28,054 customers . Source: Columbia County Water and Sewer Services Division [Remainder of Page Intentionally Left Blank] 1 47 Historical Water System Demands Year 1999 2000 2001 2002 2003 Water Customers 25,069 26,001 26,919 28,054 29,853 Average Daily Demand (MGD) 12.75 12 .1 12 .1 12 .1 12 .1 Treated Storage Capacity (MGD) 15.5 20.5 20.5 21.0 21.0 ---PAGE BREAK--- Five-Year Operating History Set forth below is a historical, comparative summary of the operating revenues of the System for the past five fiscal years . For more detailed information regarding the financial results and condition of the System, see the audited financial statements of the System for the fiscal year ended June 30, 2003, included in the financial section of the Comprehensive Annual Financial Report . The information in the following table has been extracted from the audited financial statements of the County for the fiscal years ended June 30, 1999 to 2003 . No interim period financial statements are provided as the County does not prepare interim financial statements . COLUMBIA COUNTY WATER AND SEWERAGE SYSTEM Summary of Operating Results Fiscal Years Ended June 30 1 48 1999 2000 2001 2002 2003 TOTAL OPERATING REVENUE $12,684,128 $14,284,721 $13,977,635 $15,483,535 $18,226,969 Other Operating Expenses 5,305,150 5,783,695 6,170,639 7,187,774 7,518,751 Depreciation and Amortization 2,861,523 3,165,530 3,511,489 3,778,252 4 305 952 TOTAL OPERATING EXPENSES : 8 166 673 8,949,225 9,682,128 10,966,026 11,824,703 OPERATING INCOME 4,517,455 5,335,496 4,295,507 4,517,509 6,402,266 Non-Operating Revenues and (Expenses) : Interest Income 795,439 754,764 2,473,439 918,302 290,766 Interest Expense (2,439,765) (2,429,279) (3,326,632) (2,107,218) (2,099,158) Other 355 137 21,789 344,837 TOTAL NON-OPERATING REVENUE (EXPENSES) (1,644,326) (1,319,378) (831,404) (844,079) (1,808,392 Contributions 1,949,136 2,297,201 Transfers (628,569) NET INCOME/CHANGE IN NET ASSETS $2,873,129 $4,016,118 $5,413,239 $5,342,062 $4,593,874 ---PAGE BREAK--- Historical Debt Service Coverage The following table shows the historical debt service coverage of the System for the past five fiscal years . Fiscal Years Ended June 30 Total annual debt service includes principal and interest of revenue bonds only . [Remainder of Page Intentionally Left Blank] 149 1999 2000 2001 2002 2003 Net Income $2,873,129 $4,016,118 $5,413,239 $5,342,062 $4,593,874 Plus : Interest Expense 2,439,765 2,429,279 3,326,632 2,107,218 2,099,158 Depreciation and Amortization 2,861,523 3,165,530 3,511,489 3,778,252 4,305,952 Less : Interest Income on Construction Fund and Investment Account 795,439 754,764 2,473,439 918,302 290,766 Other Nonoperating Revenue 355 137 21 789 344 837 Net Income Available for Debt Service $7,378,978 $8,501,026 $9,756,132 $9,964,393 $10,708,218 Total Annual Debt Service $4,017,334 $4,085,079 $4,738,638 $5,450,261 $5,490,310 Historical Debt Service Coverage 1 .84x 2.08x 2.06x 1 .83x 1 .95x ---PAGE BREAK--- Projected Net Revenues Available for Debt Service The following projection of net revenues available for debt service was prepared by the County's consulting engineers, Zimmerman, Evans and Leopold, Inc . This projection of net revenues was prepared in connection with the offering and issuance of the Series 2000 Bonds on or about March 2000. A copy of an Engineering Report, dated February 2000, containing, among other things, this projection of net revenues is available upon request from the County . [Remainder of Page Intentionally Left Blank] 1 50 Year Ending June 30 Operating Revenues Operating and Maintenance Expenses Net Revenues Available for Debt Service 2001 $13,054,253 $6,609,734 $6,444,519 2002 14,259,060 6,961,451 7,297,609 2003 14,833,507 7,324,963 7,508,544 2004 15,412,943 7,700,614 7,712,329 2005 15,997,439 8,088,756 7,908,683 2007 16,587,068 8,489,752 8,097,316 2008 17,181,904 8,903,975 8,277,929 2009 17,782,021 9,331,807 8,450,214 2009 18,387,495 9,773,642 8,613,853 2010 18,998,404 10,229,883 8,768,521 2011 19,614,823 10,700,946 8,913,877 2012 20,236,833 11,187,257 9,049,576 2013 20,864,512 11,689,254 9,175,258 2014 21,497,942 12,207,388 9,290,554 2015 22,137,203 12,742,121 9,395,082 2016 22,783,052 13,293,928 9,489,124 2017 23,434,931 13,863,298 9,571,633 2018 24,092,926 14,450,731 9,642,195 2019 24,757,123 15,056,743 9,700,380 2020 25,427,609 15,681,863 9,745,746 2021 26,104,472 16,326,636 9,777,836 2022 26,787,803 16,991,619 9,796,184 2023 27,477,691 17,677,386 9,800,305 2024 28,174,228 18,384,527 9,789,701 2025 28,876,691 19,113,647 9,763,044 ---PAGE BREAK--- Budget Set forth below is the System's budget for fiscal year ending June 30, 2004 . Employees and Employee Benefits The System has 85 employees . The System contributes to a group medical and a group life insurance plan. All employees are covered by social security, workers' compensation, and unemployment insurance . In addition, the System provides employees with sick leave, annual leave and other leave. The System offers dental insurance plans, supplemental life. insurance plans, and disability of sickness plans. The System contributes to a 401 Defined Contribution Retirement Plan . dministered by Nationwide Retirement Solutions and has made available to all employees an Internal Revenue Code Section Deferred Compensation Plan. The employees of the System are not represented by a union. Accounting For a summary of the significant accounting policies, see the System's annual financial report . 1 51 2004 Revenues: Water Sales $ 9,000,000 Sewerage Sales 6,000,000 Other 2,319,653 Total Revenues $ 17,319,653 Expenditures: Personnel Costs $ 3,580,205 Operating Supplies 768,940 Chemicals 370,000 Utilities 1,007,600 Debt Service and Interest Expense 5,823,249 System Renewal & Extension 2,943,197 Other 2826462 Total Expenditures $17319653 ---PAGE BREAK--- General Obligation Bonds Disclosure ---PAGE BREAK--- Tax Collection The Columbia County Tax Commissioner collects taxes which have been levied by the State of Georgia, the County, the Columbia County School District and the Cities of Grovetown and Harlem. Tax bills are normally mailed in September and may be paid without interest or penalty through November 15th of each year. However, whenever the tax bills are mailed a taxpayer has 60 days to pay. After the due date, interest at the rate of 1% per month (or any portion thereof) and a penalty fee of 10% per annum (after 90 days) are added . $28,715,000 COLUMBIA COUNTY, GEORGIA General Obligation Bonds (Courthouse/Detention Center Projects) Series 1998 l ? Includes all taxes levied by the County, the Columbia County School District, the State of Georgia and the municipalities located within the County. As of December 17, 2003 . Source: Columbia County Tax Commissioner . [Remainder of Page Intentionally Left Blank] 1 52 Calendar Year of Lew Total Levy' Total Tax Collections % of Total Levy Collected Outstanding Delinquent Taxes 1999 40,846,290 40,832,494 99.97 13,796 2000 43,094,113 43,050,862 99.90 43,251 2001 45,071,501 44,989,294 99.82 82,207 2002 46,876,797 46,534,572 99.27 342,225 2003 50,418,838 46,909,240 93.04 3,509,598 ---PAGE BREAK--- Historical Property Tax Data The following table presents the assessed value (40% of fair market value, except timber which is 100% of fair market value) of taxable property within the County for the last five calendar years 1 53 ( ' )Total assessed value, after deducting exemptions, for purposes of levying tax for County's general obligation bonds . (2 Total assessed value, after deducting exemptions, for purposes of levying tax for the support and maintenance of the County. (3)Includes assessed value of timber . Source: Columbia County Tax Commissioner. [Remainder of Page Intentionally Left Blank] Assessed Values Real and Personal Property Motor Vehicles Mobile Homes Public Utilities Gross Tax Digest Bond Exemptions General Obligation Bond Tax Digest( ' ) Maintenance & Operations Exemptions Maintenance & Operations Tax Digest(2) Estimated Actual Value 1999 1,731,226,333 210,452,787 13,596,286 46,672,921 2,001,948,327 153,583,653 1,848,364,674 183,557,192 1,818,391,135 5,004,870,817 2000 1,890,006,489 232,554,654 13,605,887 46,656,796 2,182,823,826 171,698,589 2,011,125,237 203,197,278 1,979,626,548 5,457,059,565 2001 2,085,200,836 260,114,310 13,505,383 46,110,040 2,404,930,569 201,181,313 2,203,749,256 233,029,706 2,171,900,863 6,012,326,423 2002 2,156,115,421 264,703,966 12,789,471 46,343,527 2,479,952,385 213,562,493 2,266,389,892 247,371,998 2,232,580,387 6,199,880,963 2003 2,301,645,553 267,976,520 11,959,826 47,691,780 2,629,273,679 217,793,437 2,411,480,242 251,887,437 2,377,386,242 6,573,184,198 ---PAGE BREAK--- Tax Rates - Mills Set forth below is information concerning the rate of levy of property taxes per $1,000 of assessed value (millage rates) of the County for the past five calender years . The following table sets forth the taxes levied for the County against the ten largest taxpayers in the County for 2003 . Source: Columbia County Tax Commissioner. 1 54 1999 2000 2001 2002 2003 State of Georgia 0.25 0.25 0.25 0.25 0.25 County, Maintenance & Operations 6.56 6.56 7.35 7.05 6.93 County, Bond 1.14 1.14 0.35 0.65 0.77 School, Maintenance & Operations 17.51 17.18 17.18 17.18 17.18 School, Bond 0.00 0.00 0.00 0.00 0.00 TOTAL (Unincorporated County) 25.46 25.13 25.13 25.13 25.13 Source: Columbia County Tax Commissioner. Principal Taxpayers Taxpayers Name Assessed Valuation Taxes Levied 1 . Georgia Power $23,596,098 $163,521 2 . John Deere Commercial Products 19,791,507 137,155 3 . Quebecor World Inc. 17,239,682 119,471 4 . Bell South Telecommunications 11,819,112 81,906 5 . Walmart Real Estate Business 10,426,753 72,257 6 . Club Car Inc . 7,082,425 49,082 7 . Atlanta Gas Light Company 6,350,499 44,008 8 . KRIInc. 4,829,431 33,467 9 . Walden Glen LLC 4,557,631 31,584 " .10 . South Carolina Elec & Gas 3.615.475 25 055 $109,308,613 $757,507