CIT
Y O
F R
OM
E, G
EO
RG
IA
CO
MPR
EH
EN
SIV
E
AN
NU
AL
FIN
AN
CIA
L R
EPO
RT
Y
EA
R E
ND
ED
DE
CE
MB
ER
31,
201
8
Prep
ared
By:
Fi
nanc
e D
epar
tmen
t
i
CIT
Y O
F R
OM
E, G
EO
RG
IA
CO
MPR
EH
EN
SIV
E A
NN
UA
L F
INA
NC
IAL
RE
POR
T
FOR
TH
E F
ISC
AL
YE
AR
EN
DE
D D
EC
EM
BE
R 3
1, 2
018
TA
BL
E O
F C
ON
TE
NT
S
Page
No.
IN
TR
OD
UC
TO
RY
SE
CT
ION
T
able
of C
onte
nts .
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..... i
-iv
Let
ter
of T
rans
mitt
al ...
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. v-x
ii C
ertif
icat
e of
Ach
ieve
men
t for
Exc
elle
nce
in F
inan
cial
Rep
ortin
g ....
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xiii
Org
aniz
atio
n C
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... x
iv
Prin
cipa
l Off
icia
ls ...
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... x
v FI
NA
NC
IAL
SE
CT
ION
In
depe
nden
t Aud
itor’
s Rep
ort .
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. 1-3
M
anag
emen
t’s D
iscu
ssio
n an
d A
naly
sis .
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.. 4-2
3 B
asic
Fin
anci
al S
tate
men
ts:
St
atem
ent o
f Net
Pos
ition
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24 a
nd 2
5
Stat
emen
t of A
ctiv
ities
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26
B
alan
ce S
heet
Gov
ernm
enta
l Fun
ds ..
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.... 2
7
Rec
onci
liatio
n of
Tot
al G
over
nmen
tal F
und
Bal
ance
s to
Net
Pos
ition
of G
over
nmen
tal A
ctiv
ities
......
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. 28
St
atem
ent o
f Rev
enue
s, E
xpen
ditu
res a
nd
Cha
nges
in F
und
Bal
ance
s Gov
ernm
enta
l Fun
ds ..
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.. 29
and
30
R
econ
cilia
tion
of th
e St
atem
ent o
f Rev
enue
s, E
xpen
ditu
res a
nd
Cha
nges
in F
und
Bal
ance
s of G
over
nmen
tal F
unds
to th
e
S
tate
men
t of A
ctiv
ities
......
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. 31
St
atem
ent o
f Net
Pos
ition
Pro
prie
tary
Fun
ds ..
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. 32
and
33
R
econ
cilia
tion
of P
ropr
ieta
ry F
und
Net
Pos
ition
to B
usin
ess T
ype
Act
iviti
es S
tate
men
t of N
et P
ositi
on ..
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34
St
atem
ent o
f Rev
enue
s, E
xpen
ses,
and
Cha
nges
in F
und
Net
Pos
ition
P
ropr
ieta
ry F
unds
......
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. 35
and
36
ii
CIT
Y O
F R
OM
E, G
EO
RG
IA
CO
MPR
EH
EN
SIV
E A
NN
UA
L F
INA
NC
IAL
RE
POR
T
FOR
TH
E F
ISC
AL
YE
AR
EN
DE
D D
EC
EM
BE
R 3
1, 2
018
TA
BL
E O
F C
ON
TE
NT
S
Pa
ge N
o.
FIN
AN
CIA
L S
EC
TIO
N (C
ontin
ued)
Rec
onci
liatio
n of
the
Stat
emen
t of R
even
ues,
Exp
ense
s, an
d C
hang
es
in
Net
Pos
ition
of P
ropr
ieta
ry F
unds
to th
e B
usin
ess T
ype
Stat
emen
t of A
ctiv
ities
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.. 37
Stat
emen
t of C
ash
Flow
s Pro
prie
tary
Fun
ds ..
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... 38
-40
St
atem
ent o
f Fid
ucia
ry N
et P
ositi
on E
mpl
oyee
Ben
efit
Tru
st F
und
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... 4
1
Stat
emen
t of C
hang
es in
Fid
ucia
ry N
et P
ositi
on E
mpl
oyee
Ben
efit
Tru
st F
und .
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.. 42
Not
es to
the
Fina
ncia
l Sta
tem
ents
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43-9
1
Req
uire
d Su
pple
men
tary
Info
rmat
ion:
Sche
dule
of R
even
ues &
Exp
endi
ture
s
B
udge
t and
Act
ual –
Gen
eral
Fun
d ...
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. 92-
101
Sche
dule
of R
even
ues &
Exp
endi
ture
s
B
udge
t and
Act
ual –
Tax
Allo
catio
n D
istr
ict .
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102
N
otes
to th
e R
equi
red
Supp
lem
enta
l Inf
orm
atio
n ...
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... 1
03
Sc
hedu
le o
f Cha
nges
in th
e C
ity’s
Net
Pen
sion
Lia
bilit
y an
d R
elat
ed R
atio
s ....
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. 104
Sche
dule
of C
ity C
ontr
ibut
ions
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. 105
Sche
dule
of C
hang
es in
Tot
al O
PEB
Lia
bilit
y an
d R
elat
ed R
atio
s ....
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106
Su
pple
men
tal I
nfor
mat
ion:
Non
maj
or G
over
nmen
tal F
unds
:
Com
bini
ng B
alan
ce S
heet
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.... 1
07
C
ombi
ning
Sta
tem
ent o
f Rev
enue
s, E
xpen
ditu
res,
and
Cha
nges
in F
und
Bal
ance
......
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.. 10
8
iii
CIT
Y O
F R
OM
E, G
EO
RG
IA
CO
MPR
EH
EN
SIV
E A
NN
UA
L F
INA
NC
IAL
RE
POR
T
FOR
TH
E F
ISC
AL
YE
AR
EN
DE
D D
EC
EM
BE
R 3
1, 2
018
TA
BL
E O
F C
ON
TE
NT
S
Pa
ge N
o.
FIN
AN
CIA
L S
EC
TIO
N (C
ontin
ued)
Non
maj
or S
peci
al R
even
ue G
over
nmen
tal F
unds
:
Com
bini
ng B
alan
ce S
heet
......
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.... 1
09
C
ombi
ning
Sta
tem
ent o
f Rev
enue
s, E
xpen
ditu
res,
and
Cha
nges
in F
und
Bal
ance
......
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.. 11
0
Spec
ial R
even
ue F
unds
:
Sche
dule
of R
even
ues,
Exp
endi
ture
s, an
d
C
hang
es in
Fun
d B
alan
ce –
Bud
get a
nd A
ctua
l ....
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... 11
1-11
5
Sch
edul
e of
Pro
ject
s Con
stru
cted
with
Spe
cial
Sal
es T
ax P
roce
eds ..
......
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116
and
117
N
onm
ajor
Pro
prie
tary
– E
nter
pris
e Fu
nds:
Com
bini
ng S
tate
men
t of N
et P
ositi
on ...
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... 11
8 an
d 11
9
C
ombi
ning
Sta
tem
ent o
f Rev
enue
s, E
xpen
ses,
and
Cha
nges
in F
und
Net
Pos
ition
......
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..... 1
20 a
nd 1
21
C
ombi
ning
Sta
tem
ent o
f Cas
h Fl
ows .
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. 122
-124
Int
erna
l Ser
vice
Fun
ds:
C
ombi
ning
Sta
tem
ent o
f Net
Pos
ition
......
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.. 12
5
C
ombi
ning
Sta
tem
ent o
f Rev
enue
s, E
xpen
ses,
and
Cha
nges
in F
und
Net
Pos
ition
......
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. 126
Com
bini
ng S
tate
men
t of C
ash
Flow
s ....
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... 1
27
Com
pone
nt U
nit –
Gre
ater
Rom
e C
onve
ntio
n &
Vis
itors
Bur
eau
B
alan
ce S
heet
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128
S
tate
men
t of R
even
ues,
Exp
endi
ture
s, an
d
C
hang
es in
Fun
d B
alan
ce ...
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.....
129
iv
CIT
Y O
F R
OM
E, G
EO
RG
IA
CO
MPR
EH
EN
SIV
E A
NN
UA
L F
INA
NC
IAL
RE
POR
T
FOR
TH
E F
ISC
AL
YE
AR
EN
DE
D D
EC
EM
BE
R 3
1, 2
018
TA
BL
E O
F C
ON
TE
NT
S
Pa
ge N
o.
STA
TIS
TIC
AL
SE
CT
ION
In
trod
uctio
n N
et P
ositi
on b
y C
ompo
nent
– L
ast T
en F
isca
l Yea
rs ..
......
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.....
130
Cha
nges
in N
et P
ositi
on –
Las
t Ten
Fis
cal Y
ears
.....
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131
and
132
Fund
Bal
ance
s of G
over
nmen
tal F
unds
– L
ast T
en F
isca
l Yea
rs ..
......
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... 1
33
Cha
nges
in F
und
Bal
ance
s of G
over
nmen
tal F
unds
– L
ast T
en F
isca
l Yea
rs ...
......
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..... 1
34 a
nd 1
35
Gen
eral
Gov
ernm
enta
l Tax
Rev
enue
s By
Sour
ce –
Las
t Ten
Fis
cal Y
ears
......
......
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.. 13
6 A
sses
sed
and
Est
imat
ed A
ctua
l Val
ue o
f Tax
able
Pro
pert
y –
Las
t Ten
Fis
cal Y
ears
......
......
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... 1
37
Prop
erty
Tax
Rat
es –
Dir
ect a
nd O
verl
appi
ng G
over
nmen
ts –
(Per
$1,
000
of A
sses
sed
Val
ue) –
Las
t Ten
Fis
cal Y
ears
.....
......
......
......
......
......
......
......
......
.....
138
Prin
cipa
l Pro
pert
y T
axpa
yers
.....
......
......
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......
... 1
39
Prop
erty
Tax
Lev
ies a
nd C
olle
ctio
ns –
Las
t Ten
Fis
cal Y
ears
.....
......
......
......
......
......
......
......
......
......
......
......
......
......
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......
.....
140
Rat
ios o
f Out
stan
ding
Deb
t by
Typ
e –
Las
t Ten
Fis
cal Y
ears
......
......
......
......
......
......
......
......
......
......
......
......
......
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......
.....
141
Rat
io o
f Net
Gen
eral
Bon
ded
Deb
t – L
ast T
en F
isca
l Yea
rs...
......
......
......
......
......
......
......
......
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......
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.....
142
Com
puta
tion
of D
irec
t and
Ove
rlap
ping
Gov
ernm
enta
l Act
iviti
es D
ebt .
......
......
......
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.... 1
43
Leg
al D
ebt M
argi
n In
form
atio
n –
Las
t Ten
Fis
cal Y
ears
......
......
......
......
......
......
......
......
......
......
......
......
......
......
......
......
......
......
......
......
......
......
......
......
......
......
......
144
Pl
edge
d –
Rev
enue
Cov
erag
e –
Las
t Ten
Fis
cal Y
ears
......
......
......
......
......
......
......
......
......
......
......
......
......
......
......
......
......
......
......
......
......
......
......
......
......
......
......
.....
145
Dem
ogra
phic
and
Eco
nom
ic S
tatis
tics –
Las
t Ten
Fis
cal Y
ears
......
......
......
......
......
......
......
......
......
......
......
......
......
......
......
......
......
......
......
......
......
......
......
......
......
.. 14
6 Pr
inci
pal E
mpl
oyer
s – C
urre
nt Y
ear
and
Nin
e Y
ears
Ago
......
......
......
......
......
......
......
......
......
......
......
......
......
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......
......
......
......
......
......
.... 1
47
Full-
time
Equ
ival
ent C
ity G
over
nmen
t Em
ploy
ees b
y Fu
nctio
n –
Las
t Ten
Fis
cal Y
ears
.....
......
......
......
......
......
......
......
......
......
......
......
......
......
......
......
......
......
.. 14
8 O
pera
ting
Indi
cato
rs b
y Fu
nctio
n –
Las
t Ten
Fis
cal Y
ears
......
......
......
......
......
......
......
......
......
......
......
......
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......
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......
......
......
... 1
49
Prin
cipa
l Wat
er a
nd S
ewer
Cus
tom
ers
– C
urre
nt Y
ear
and
Ten
Yea
rs A
go ..
......
......
......
......
......
......
......
......
......
......
......
......
......
......
......
......
......
......
......
......
......
. 150
C
apita
l Ass
et S
tatis
tics b
y Fu
nctio
n –
Las
t Ten
Fis
cal Y
ears
......
......
......
......
......
......
......
......
......
......
......
......
......
......
......
......
......
......
......
......
......
......
......
......
......
......
151
v
Sa
mm
y R
ich
C
ity M
anag
er
P.
O. B
ox 1
433
R
ome,
GA
301
62
(7
06) 2
36-4
400
June
22,
201
9
To th
e R
ome
City
Com
mis
sion
and
th
e C
itize
ns o
f the
City
of R
ome,
Geo
rgia
: Th
e co
mpr
ehen
sive
ann
ual f
inan
cial
repo
rt of
the
City
of R
ome,
Geo
rgia
for t
he fi
scal
yea
r end
ed D
ecem
ber 3
1, 2
018,
is h
ereb
y su
bmitt
ed.
Res
pons
ibili
ty fo
r bot
h th
e ac
cura
cy o
f the
dat
a, a
nd th
e co
mpl
eten
ess
and
fairn
ess
of th
e pr
esen
tatio
n, in
clud
ing
all d
iscl
osur
es, r
ests
with
the
City
. To
the
best
of o
ur k
now
ledg
e an
d be
lief,
the
encl
osed
dat
a ar
e ac
cura
te in
all
mat
eria
l res
pect
s and
are
repo
rted
in a
man
ner d
esig
ned
to p
rese
nt fa
irly
the
finan
cial
pos
ition
and
resu
lts o
f ope
ratio
ns
of th
e va
rious
fund
s of t
he C
ity.
All
disc
losu
res n
eces
sary
to e
nabl
e th
e re
ader
to g
ain
an u
nder
stan
ding
of t
he C
ity's
finan
cial
act
iviti
es h
ave
been
incl
uded
. St
ate
law
req
uire
s th
at e
very
gen
eral
-pur
pose
loca
l gov
ernm
ent p
ublis
h w
ithin
six
mon
ths
of th
e cl
ose
of e
ach
fisca
l yea
r a
com
plet
e se
t of
audi
ted
finan
cial
st
atem
ents
. Th
is re
port
is p
ublis
hed
to fu
lfill
that
requ
irem
ent f
or th
e fis
cal y
ear e
nded
Dec
embe
r 31,
201
8.
The
City
is a
lso
requ
ired
to u
nder
go a
n an
nual
sin
gle
audi
t in
conf
orm
ity w
ith th
e pr
ovis
ions
of
Title
2 U
.S. C
ode
of F
eder
al R
egul
atio
ns P
art 2
00, U
nifo
rm
Adm
inis
trat
ive
Requ
irem
ents
, Cos
t Pri
ncip
les,
and
Audi
t Req
uire
men
ts fo
r Fe
dera
l Aw
ards
. In
form
atio
n re
late
d to
this
sin
gle
audi
t, in
clud
ing
the
sche
dule
of
fede
ral
finan
cial
ass
ista
nce,
fin
ding
s an
d re
com
men
datio
ns,
and
audi
tor's
rep
orts
on
the
inte
rnal
con
trol
stru
ctur
e an
d co
mpl
ianc
e w
ith a
pplic
able
law
s an
d re
gula
tions
, are
incl
uded
in a
sepa
rate
repo
rt.
Mau
ldin
& J
enki
ns, L
LC h
as is
sued
an
unqu
alifi
ed o
pini
on o
n th
e C
ity o
f Rom
e’s
finan
cial
sta
tem
ents
for t
he y
ear e
nded
Dec
embe
r 31,
201
8. T
he in
depe
nden
t au
dito
r’s r
epor
t is l
ocat
ed a
t the
fron
t of t
he fi
nanc
ial s
ectio
n of
this
repo
rt.
Thes
e st
atem
ents
are
com
pile
d in
acc
orda
nce
with
acc
ount
ing
prin
cipl
es g
ener
ally
acc
epte
d in
the
Uni
ted
Stat
es o
f Am
eric
a an
d of
fer a
n ov
ervi
ew o
f the
fina
ncia
l po
sitio
n an
d ac
tiviti
es o
f the
City
as a
who
le. M
anag
emen
t’s D
iscu
ssio
n an
d A
naly
sis c
an b
e fo
und
on p
ages
4-2
3 an
d co
ntai
ns a
dditi
onal
info
rmat
ion
on th
e C
ity
of R
ome’
s bas
ic fi
nanc
ial s
tate
men
ts.
vi
PRO
FIL
E O
F T
HE
GO
VE
RN
ME
NT
The
City
of R
ome
is lo
cate
d in
the
north
wes
tern
par
t of t
he S
tate
of G
eorg
ia, w
hich
con
tinue
s to
rank
as
one
of th
e to
p gr
owth
are
as in
the
stat
e. T
he C
ity li
mits
in
corp
orat
e ov
er th
irty-
four
squ
are
mile
s an
d ha
s a
popu
latio
n of
app
roxi
mat
ely
36,4
00.
The
City
gov
ernm
ent o
pera
tes
unde
r a
com
mis
sion
-man
ager
for
m o
f go
vern
men
t. C
omm
issi
on e
lect
ions
are
non
-par
tisan
and
com
mis
sione
rs s
erve
sta
gger
ed te
rms.
Ther
e ar
e ni
ne c
omm
issi
oner
s se
rvin
g on
the
City
Com
mis
sion
w
ith th
e M
ayor
and
May
or P
ro T
em e
lect
ed fr
om w
ithin
the
com
mis
sion
.
The
City
pro
vide
s a fu
ll ra
nge
of se
rvic
es.
Thes
e se
rvic
es in
clud
e w
ater
and
sew
er, p
olic
e, b
uild
ing
insp
ectio
n, fi
re p
rote
ctio
n, sa
nita
tion
serv
ices
, the
con
stru
ctio
n an
d m
aint
enan
ce o
f stre
ets,
stor
m d
rain
age,
traf
fic c
ontro
l, ce
met
ery,
com
mun
ity d
evel
opm
ent,
trans
it sy
stem
, mun
icip
al la
ndfil
l, pl
anni
ng a
nd z
onin
g, re
crea
tiona
l ac
tiviti
es a
nd c
ultu
ral e
vent
s. In
add
ition
, the
City
of R
ome
incl
udes
the
Rom
e B
oard
of
Educ
atio
n an
d th
e G
reat
er R
ome
Con
vent
ion
and
Vis
itors
Bur
eau
as
disc
rete
ly p
rese
nted
com
pone
nt u
nits
in th
ese
finan
cial
stat
emen
ts b
ecau
se th
e C
ity h
as fi
nanc
ial a
ccou
ntab
ility
for t
hese
ent
ities
. Th
e C
ity is
requ
ired
to a
dopt
fina
l bud
gets
by
the
end
of e
ach
fisca
l yea
r. T
hese
ann
ual b
udge
ts se
rve
as th
e fo
unda
tion
for t
he C
ity o
f Rom
e’s f
inan
cial
pla
nnin
g an
d co
ntro
l. T
he b
udge
ts a
re p
repa
red
by fu
nd, t
hen
depa
rtmen
t. B
udge
tary
con
trol i
s at t
he li
ne it
em le
vel.
LOC
AL
EC
ON
OM
Y Th
e ec
onom
ic c
ondi
tion
and
outlo
ok o
f th
e C
ity h
as r
emai
ned
fairl
y st
able
dur
ing
the
past
sev
eral
yea
rs, f
ollo
win
g se
vera
l yea
rs o
f sl
ower
eco
nom
ic g
row
th
attri
buta
ble
to a
gen
eral
dec
line
in m
anuf
actu
ring
activ
ity.
The
City
has
exp
erie
nced
a s
light
incr
ease
in e
cono
mic
act
ivity
incl
udin
g ex
pans
ions
and
add
ition
al
empl
oym
ent h
iring
. Th
e un
empl
oym
ent r
ate
for t
he C
ity a
t the
end
of t
he y
ear w
as 4
.4%
. T
his i
s a sl
ight
dec
reas
e fr
om 2
017
follo
win
g na
tiona
l tre
nds o
f low
er
unem
ploy
men
t rat
es. T
his r
ate
how
ever
was
mor
e th
an th
e st
ate
aver
age
of 3
.7%
and
ove
r the
Flo
yd C
ount
y ra
te o
f 3.9
%. M
ore
enco
urag
ing
new
s is t
hat t
his r
ate
has c
ontin
ued
to h
old
low
thro
ugh
the
first
qua
rter o
f 201
9. T
he C
ity h
as se
en so
me
incr
ease
in jo
b cr
eatio
n du
e to
exp
ansi
ons a
t exi
stin
g fa
cilit
ies,
as w
ell a
s job
gr
owth
in th
e se
rvic
es se
ctor
. R
ome
cont
inue
s to
be
the
med
ical
hub
of
north
wes
t Geo
rgia
with
mor
e do
ctor
s pe
r ca
pita
than
any
cou
nty
in th
e st
ate.
Tw
o m
ajor
hos
pita
ls, w
ith a
tota
l of
appr
oxim
atel
y 80
0 be
ds, a
re lo
cate
d in
the
city
lim
its w
ith m
any
clin
ics
also
ope
ratin
g in
this
are
a. R
edm
ond
Reg
iona
l Med
ical
Cen
ter i
s th
e la
rges
t tax
paye
r in
the
City
. Th
e m
edic
al in
dust
ry c
ontin
ues
to e
xpan
d w
ith n
ew e
xpan
sion
s at
thei
r out
lyin
g co
mpl
exes
. Red
mon
d R
egio
nal h
as ju
st c
onst
ruct
ed tw
o ne
w U
rgen
t C
are
faci
litie
s with
in th
e C
ity.
Flo
yd M
edic
al C
ente
r, th
e co
mm
unity
pub
lic h
ospi
tal,
cont
inue
s to
upgr
ade
and
mod
erni
ze, a
nd h
as c
ompl
eted
thei
r new
exp
ansi
on
of U
rgen
t Car
e fa
cilit
ies a
t the
ir ou
tlyin
g co
mpl
ex.
The
Har
bin
Clin
ic re
cent
ly c
ompl
eted
thei
r new
cor
pora
te h
eadq
uarte
r con
stru
ctio
n w
ithin
the
City
. Th
e R
ome
Bra
ves M
inor
“A
” ba
seba
ll st
adiu
m c
ontin
ues t
o be
an
econ
omic
dra
w fr
om su
rrou
ndin
g co
mm
uniti
es.
Th
e C
ity o
f Rom
e is
a la
rge
tenn
is c
omm
unity
with
tour
nam
ents
rang
ing
from
juni
or le
ague
to a
dult
mix
ed. W
ith th
e op
enin
g of
the
new
60
cour
t ten
nis f
acili
ty,
the
Rom
e Te
nnis
Cen
ter a
t Ber
ry C
olle
ge h
as g
arne
red
natio
nal r
ecog
nitio
n an
d ha
s alre
ady
host
ed se
vera
l reg
iona
l and
inte
rnat
iona
l tou
rnam
ents
. Th
e C
ente
r was
th
e ho
st fo
r the
201
7 A
CC
Col
lege
tour
nam
ent f
inal
s an
d w
ill h
ost t
he e
vent
aga
in in
202
0. T
he fa
cilit
y cu
rren
tly h
as o
ver 4
0 pl
us to
urna
men
ts o
f var
ious
siz
es
book
ed fo
r 201
9. T
his
has
been
a m
ajor
eco
nom
ic im
pact
for t
he C
ity a
s th
ese
tour
nam
ents
brin
g in
par
ticip
ants
and
fam
ily fr
om o
ut o
f tow
n w
ho e
at, s
leep
and
sh
op in
Rom
e. I
n 20
18, t
he T
enni
s Cen
ter g
ener
ated
$4.
87 m
illio
n or
26%
of t
he to
tal e
cono
mic
impa
ct fo
r the
tour
ism
com
mun
ity.
vi
i
Rom
e has
also
bee
n th
e site
for s
ever
al o
ther
spor
ting
even
ts th
at d
raw
par
ticip
ants
and
spec
tato
rs fr
om o
utsi
de th
e com
mun
ity.
Ber
ry C
olle
ge b
egan
thei
r ina
ugur
al
foot
ball
seas
on in
201
5 an
d ha
s won
seve
ral d
ivis
iona
l cha
mpi
onsh
ips.
The
Win
gs o
ver N
orth
Geo
rgia
Air
show
hel
d in
the
fall
has b
ecom
e a
larg
e re
gion
al d
raw
, an
d co
ntin
ues t
o be
the
high
est e
stim
ated
eco
nom
ic im
pact
eve
nt fo
r 201
8, w
ith o
ver 3
0,00
0 in
atte
ndan
ce fo
r the
two
day
even
t. R
ome
has
also
mad
e its
mar
k in
the
film
pro
duct
ion
aren
a, w
ith s
mal
l por
tions
of
seve
ral m
ajor
mot
ion
pict
ures
film
ed lo
cally
, alo
ng w
ith s
mal
ler v
enue
s fo
r se
vera
l TV
show
s. T
he n
ext y
ear a
lso
prom
ises
oth
er p
rodu
ctio
ns b
oth
for T
V a
nd m
ajor
mot
ion
pict
ures
.
The
cont
inue
d de
velo
pmen
t of t
he d
ownt
own
area
of t
he C
ity a
lso
is h
opef
ul fo
r con
tinue
d ec
onom
ic im
pact
. H
ampt
on In
n H
otel
at t
he ti
p of
the
dow
ntow
n ar
ea
adde
d m
uch
need
ed lo
dgin
g la
st y
ear a
nd th
e M
arrio
tt H
otel
whi
ch o
pene
d in
ear
ly 2
018,
bor
ders
the
wes
t end
of t
he d
ownt
own
area
and
now
anc
hors
the
Wes
t Th
ird c
orrid
or o
f the
dow
ntow
n ar
ea. W
ith th
e op
enin
g of
the
Mar
riott,
room
ava
ilabi
lity
in th
e ci
ty n
ow is
ove
r 970
room
s and
will
con
tinue
to in
crea
se a
s ano
ther
m
ajor
hot
elie
r has
ann
ounc
ed a
maj
or e
xpan
sion
. The
dev
elop
men
t of l
ofts
and
apa
rtmen
ts in
the
dow
ntow
n ar
ea h
as b
loss
omed
as f
our c
urre
nt p
roje
cts a
re u
nder
cu
rren
t con
stru
ctio
n. T
he C
ity h
as in
itiat
ed th
e “R
oman
Cha
riot”
flee
t whi
ch is
a la
rger
seat
ing
golf
cart
that
will
tran
spor
t gue
sts f
rom
the
lodg
ing
poin
ts a
nd u
p an
d do
wn
the
dow
ntow
n ar
eas.
Ther
e ar
e cu
rren
tly fo
ur c
arts
ava
ilabl
e fo
r tra
nspo
rtatio
n in
the
dow
ntow
n ar
ea.
The
new
ly p
urch
ased
“R
oman
Ros
e” T
rolle
y al
so
join
ed th
e tra
nspo
rtatio
n fle
et in
ear
ly 2
019.
Als
o ne
wly
inst
alle
d ar
e bi
cycl
e la
nes a
nd th
e ro
ll ou
t of a
“Pe
rson
al T
rans
porta
tion
Veh
icle
(PTV
)” p
olic
y to
allo
w
regi
ster
ed v
ehic
les t
o us
e th
e do
wnt
own
stre
ets f
or tr
ansp
orta
tion.
Thi
s is c
erta
inly
impo
rtant
as t
he n
umbe
r of c
itize
ns li
ving
in th
e do
wnt
own
area
incr
ease
s. A
con
tinui
ng E
duca
tion
Loca
l Opt
ion
Sale
s ta
x ha
s en
able
d th
e C
ity o
f Rom
e Sc
hool
Sys
tem
to m
ake
maj
or re
nova
tions
and
impr
ovem
ents
to m
any
of th
e C
ity
scho
ols.
As t
his i
ssue
com
es to
an
end
a ne
w c
ount
y hi
gh sc
hool
in th
e w
este
rn p
art o
f the
cou
nty
has b
een
com
plet
ed, a
nd m
ajor
reno
vatio
ns a
t the
Rom
e H
igh
and
Mid
dle
Scho
ol h
ave b
een
com
plet
ed. A
lso
near
ing
com
plet
ion
is th
e co
mpl
etel
y ne
w M
ain
Elem
enta
ry sc
hool
fund
ed w
ith th
e EL
OST
. C
ontin
uing
its s
ucce
ss,
the
Sout
h R
ome
Early
Cen
ter h
ouse
d at
Ann
a K
. Dav
ie S
choo
l is
look
ing
to e
xpan
d to
the
third
cla
ssro
om. T
his
is a
pub
lic/p
rivat
e pa
rtner
ship
with
the
scho
ol
syst
em, B
erry
Col
lege
, and
priv
ate
ente
rpris
es su
ch a
s the
Sou
th R
ome
Red
evel
opm
ent C
orpo
ratio
n w
hich
hel
ps d
isad
vant
aged
pre
-sch
ool k
ids b
ecom
e re
ady
for
offic
ial s
choo
l ent
ry.
The
new
201
7 EL
OST
issu
ance
beg
an c
olle
ctio
ns in
Apr
il of
201
9 w
ith th
e m
ain
focu
s on
a ne
w c
olle
ge/c
aree
r aca
dem
y to
be
hous
ed a
t the
R
ome
Hig
h Sc
hool
mai
n ca
mpu
s. Lo
cal O
ptio
n Sa
les
Tax
reve
nue,
one
of t
he C
ity’s
larg
est r
even
ue s
ourc
es o
utsi
de o
f pro
perty
taxe
s, w
hich
has
bee
n ve
ry s
tagn
ant o
ver t
he la
st fe
w y
ears
saw
a
mod
erat
e in
crea
se in
201
8. T
his r
even
ue so
urce
has
bee
n de
clin
ing
sinc
e pr
ior l
egis
latio
n ph
ased
out
sale
s tax
es o
n fo
od, v
ehic
les a
nd m
anuf
actu
ring
ener
gy c
osts
. N
ew le
gisl
atio
n w
hich
may
hel
p re
-cou
p so
me
sale
s ta
xes
on o
n-lin
e sa
les
was
eff
ectiv
e th
e fir
st o
f 201
9 an
d it
is v
ery
hope
ful t
his
reve
nue
will
con
tinue
to s
ee
incr
ease
s. A
lso
of so
me
conc
ern
is th
e lo
ss o
f sev
eral
larg
er re
tail
stor
es th
at c
lose
d la
st y
ear.
Alth
ough
this
seem
s to
be a
par
t of a
nat
iona
l tre
nd, r
etai
l sal
es lo
ss
is a
con
cern
goi
ng fo
rwar
d fo
r the
loca
l eco
nom
y. T
he C
ity h
as b
een
enco
urag
ed b
y an
upw
ard
trend
in e
cono
mic
indi
cato
r rev
enue
sou
rces
suc
h as
bus
ines
s lic
ense
s, in
tang
ible
taxe
s, re
al e
stat
e tra
nsfe
r tax
es, a
nd in
sura
nce
prem
ium
tax.
Th
e C
ity h
as a
lso
seen
a s
igni
fican
t upw
ard
swin
g in
the
num
ber o
f new
hou
sing
sta
rts a
nd c
onst
ruct
ion
durin
g th
e ye
ar a
s w
ell a
s re
ques
ts fo
r new
wat
er/s
ewer
ta
ps. T
he B
uild
ing
Insp
ectio
n pe
rmit
num
bers
wer
e so
me
of th
e la
rges
t inc
reas
es in
new
per
mits
that
the
City
has
see
n in
ove
r ten
yea
rs.
The
se in
crea
ses
are
posi
tive
sign
s of a
pos
sibl
e m
odes
t gro
wth
in th
e lo
cal e
cono
my.
Th
e C
ity h
as s
een
seve
ral m
arke
t gro
wth
add
ition
s ove
r the
last
yea
r, an
d th
e 20
18 ta
x di
gest
had
a m
odes
t inc
reas
e. T
he C
ity a
lso
had
anot
her s
trong
col
lect
ion
rate
in 2
018,
whi
ch h
elpe
d bo
ost t
ax re
venu
es fo
r the
yea
r.
vi
ii
Alth
ough
the C
ity o
f Rom
e’s W
ater
syst
em h
as re
mai
ned
heal
thy
and
viab
le d
ue to
our
abun
danc
e of a
vaila
ble w
ater
supp
lies,
the s
yste
m co
ntin
ues t
o be
chal
leng
ed
by th
e de
crea
se in
ove
rall
cons
umer
con
sum
ptio
n. T
he C
ity o
f Rom
e ha
s re
nego
tiate
d w
ith F
loyd
Cou
nty
the
agre
emen
t for
who
lesa
le w
ater
pur
chas
es fr
om th
e C
ity.
The
City
’s W
ater
and
Sew
er sy
stem
con
tinue
s to
garn
er v
ario
us a
war
ds fo
r its
faci
litie
s and
cle
an w
ater
pro
duct
ion.
LO
NG
TE
RM
FIN
AN
CIA
L PL
AN
NIN
G
The
City
has
take
n bu
dget
ary
step
s to
ens
ure
that
the
City
will
con
tinue
to b
e fin
anci
ally
hea
lthy
thro
ugho
ut a
con
tinua
l sta
gnat
ion
of m
any
reve
nue
sour
ces.
A
lthou
gh th
e C
ity w
ent s
ever
al y
ears
with
out m
arke
t com
petit
ive
mer
it ra
ises
for e
mpl
oyee
s, 20
18 d
id s
ee a
mer
it ra
ise
budg
et in
crea
se o
f 0-4
% fo
r em
ploy
ees.
H
owev
er, t
he n
eed
for l
ong
rang
e pl
anni
ng in
pay
and
ben
efits
for p
ublic
saf
ety
empl
oyee
s co
ntin
ues
to b
e a
conc
ern
in re
crui
tmen
t and
rete
ntio
n. T
he C
ity h
as
also
seen
thes
e ch
alle
nges
in re
crui
tmen
t in
othe
r pro
fess
iona
l are
as su
ch a
s Eng
inee
ring
and
CD
L dr
iver
s and
hea
vy e
quip
men
t ope
rato
rs. R
ecru
itmen
t aga
inst
the
priv
ate
sect
or c
ontin
ues t
o be
a c
halle
nge
in o
btai
ning
and
reta
inin
g em
ploy
ees.
Cap
ital s
pend
ing
has b
een
min
imiz
ed b
ut lo
ng te
rm n
eeds
mus
t stil
l be
addr
esse
d.
Ther
e ha
s bee
n m
ore
capi
tal s
pend
ing
in th
e W
ater
/Sew
er sy
stem
for 2
018
refle
ctin
g ne
eds t
hat h
ave
been
miti
gate
d fo
r the
last
cou
ple
of y
ears
. C
apita
l spe
ndin
g co
mm
itmen
ts fo
r the
bud
get y
ear 2
018
was
som
e of
the
larg
est t
he fu
nd h
as s
een
in s
ever
al y
ears
. The
City
has
a c
omm
itmen
t to
the
com
mun
ity to
mai
ntai
n th
e hi
ghes
t lev
el o
f ser
vice
pos
sibl
e an
d st
ill o
pera
te w
ithin
its c
urre
nt re
venu
e res
ourc
es.
This
com
mitm
ent,
unde
r wha
t app
ears
to b
e m
ore l
ong
term
gro
wth
rest
rain
ts
has b
een
a ch
alle
nge
for C
ity m
anag
emen
t. R
ELE
VA
NT
FIN
AN
CIA
L PO
LIC
IES
The
past
fisc
al y
ear h
as c
ontin
ued
to b
e a
chal
leng
e to
all
reve
nue
sour
ces w
ithin
the
City
. M
odes
t inc
reas
es in
som
e re
venu
es so
urce
s with
eco
nom
ic d
river
s are
an
enc
oura
gem
ent t
hat t
he e
cono
my
may
be
turn
ing
upw
ards
. H
owev
er, m
any
othe
r rev
enue
sou
rces
con
tinue
to d
eclin
e or
are
rela
tivel
y fla
t. T
he e
ffec
t of t
he
Title
Tax
impl
emen
tatio
n is
stil
l bei
ng fe
lt an
d its
long
term
impa
ct is
stil
l unc
erta
in, a
lthou
gh 2
018
did
see
an u
psw
ing
in th
e re
venu
e. N
ew le
gisl
atio
n fo
r the
di
strib
utio
n of
this
tax
will
aga
in c
hang
e in
201
9—an
d pr
elim
inar
y es
timat
es h
ave
the
City
rece
ivin
g le
ss re
venu
e.
New
legi
slat
ion
aff
ectin
g re
venu
es a
s th
e St
ate
chan
ges
the
way
it fu
nds
trans
porta
tion
was
impl
emen
ted
in 2
015.
Alth
ough
its
initi
al im
pact
to th
e C
ity a
ppea
rs to
be
min
imal
in 2
018,
the
long
er te
rm
impa
cts a
re y
et to
be
addr
esse
d. M
uch
of th
e ch
alle
nge
in m
anag
ing
in to
day’
s eco
nom
y is
the
up a
nd d
own
swin
gs in
reve
nues
with
out s
tabl
e pr
ojec
tions
. The
se
sign
ifica
nt ta
x ch
ange
s will
impa
ct th
e C
ity’s
reve
nues
sour
ces,
and
the
long
term
impa
ct m
ay re
quire
som
e hi
stor
y be
fore
the
City
can
mak
e pl
ans t
o he
lp m
itiga
te
the
long
term
eff
ects
. O
ver t
he la
st c
oupl
e of
yea
rs th
e C
ity h
as b
een
able
to in
crea
se th
e G
ener
al F
und
fund
bal
ance
. Th
is is
a d
elib
erat
e pl
an to
hel
p le
vera
ge th
e C
ity’s
fina
ncia
l res
ourc
es fo
r the
futu
re.
The
hous
ing
mar
ket h
as m
ade
som
e re
boun
ds—
and
re-a
sses
smen
t val
ues a
re s
tarti
ng to
see
som
e in
crea
ses f
or th
e fir
st ti
me
in s
ever
al y
ears
. Sa
les o
f hom
es a
re
on th
e up
swin
g.
MA
JOR
INIT
IATI
VE
S F
or th
e C
urre
nt Y
ear:
A
s an
“Ent
itlem
ent C
omm
unity
”, th
e C
ity re
ceiv
es fe
dera
l gra
nt m
onie
s for
cap
ital i
mpr
ovem
ent p
roje
cts.
Pro
ject
s inc
lude
stre
et a
nd si
dew
alk
impr
ovem
ents
, and
se
vera
l hom
e re
habi
litat
ion
prog
ram
s for
low
er in
com
e fa
mili
es.
The
City
of R
ome
has p
artn
ered
with
the
Nor
thw
est G
eorg
ia H
ousi
ng A
utho
rity
in a
n ex
pand
ed
hous
ing
reha
bilit
atio
n pr
ogra
m w
ith th
e en
title
men
t fun
ds.
The
mai
n fo
cus i
n 20
18 w
as a
new
con
cent
ratio
n of
repl
acem
ent o
f sid
ewal
ks in
the
East
Rom
e ar
ea o
f re
deve
lopm
ent.
Add
ition
al si
dew
alks
wer
e in
stal
led
alon
g a
corr
idor
of E
ast C
entra
l Ele
men
tary
with
add
ition
al g
rant
fund
s.
ix
The
Com
mun
ity D
evel
opm
ent d
epar
tmen
t has
con
tinue
d to
wor
k on
mod
erat
e ho
usin
g re
pair
and
reha
b pr
ojec
ts w
hich
use
gra
nt m
oney
to re
pair
and
brin
g up
to
code
hou
ses f
or se
nior
or l
ow in
com
e pa
rtici
pant
s. C
omm
unity
Dev
elop
men
t has
als
o co
mpl
eted
the
sale
of t
he fi
nal h
ouse
bui
lt w
ith H
omeB
uild
fund
s alo
ng th
e W
ilson
Ave
nue
corr
idor
. Th
e de
partm
ent w
ill n
ow tu
rn th
eir a
ttent
ion
to fi
ve n
ew h
ouse
s bei
ng b
uilt
alon
g Po
llock
stre
et in
the
Sout
h R
ome
area
. Th
e C
ity’s
Eco
Cen
ter h
as b
een
expa
nded
with
add
ition
al se
rvic
es a
nd e
xhib
its a
nd is
gro
win
g as
a d
estin
atio
n fa
cilit
y ho
usin
g m
ore
educ
atio
nal s
choo
l tou
rs a
nd
othe
r com
mun
ity e
vent
s. Th
e B
usin
ess I
mpr
ovem
ent D
istri
ct ta
x ar
ea w
as e
xpan
ded
geog
raph
ical
ly, a
nd e
nhan
ced
to g
ener
ate
mor
e de
velo
pmen
t mon
ies t
o be
use
d in
our
dow
ntow
n ar
ea.
Plan
s ar
e to
mar
ket t
he F
ifth
Ave
nue
stre
et s
ectio
n fo
r an
Arts
Dis
trict
whi
ch w
ill g
eogr
aphi
cally
link
to th
e do
wnt
own
area
and
the
new
Mar
riott
hote
l. B
udge
t ha
s be
en s
et a
side
for u
tility
, inf
rast
ruct
ure,
and
faça
de im
prov
emen
ts fo
r the
are
a. A
lso
expa
nded
was
the
conc
ept o
f mor
e ar
t opt
ions
in th
e do
wnt
own
area
s.
With
a liv
e the
atre
and
othe
r stre
et ar
t pro
ject
s alre
ady
on si
te—
colla
bora
tive e
ffor
ts w
ith th
e arts
com
mun
ity h
as sp
urre
d a f
ilm fe
stiv
al, a
nd an
out
door
Sha
kesp
eare
pl
ay v
enue
. Th
e 20
17 S
PLO
ST p
acka
ge in
clud
ed $
2 m
illio
n fo
r inf
rast
ruct
ure
impr
ovem
ents
in th
e Fi
fth A
venu
e A
rts D
istri
ct.
The
com
plet
ion
of th
e B
urne
tt Fe
rry
Roa
d si
dew
alk
proj
ect w
as c
ompl
eted
in 2
018
with
ove
r 1.2
mile
s of n
ew si
dew
alks
and
cur
b an
d gu
tter a
long
the
Alto
Par
k sc
hool
cor
ridor
. A
lso
unde
rway
is th
e w
iden
ing
of th
e C
hulio
Hill
s/H
oney
suck
le R
idge
road
s. A
new
er e
nhan
ced
road
way
was
als
o co
nstru
cted
alo
ng w
ith th
e ne
w M
ain
Elem
enta
ry sc
hool
. Th
e C
ity a
lso
partn
ered
with
the
Fairv
iew
E.S
. Bro
wn
Her
itage
Cor
pora
tion
to fa
cilit
ate
a gr
ant t
o hi
stor
ical
ly re
stor
e an
old
er A
fric
an A
mer
ican
sch
ool h
ouse
in
Cav
e Sp
ring.
Ren
ovat
ions
wer
e co
mpl
eted
on
the
one
room
scho
ol h
ouse
whi
ch d
ates
bac
k to
the
1940
s.
The
City
als
o co
mpl
eted
sev
eral
bui
ldin
g re
nova
tions
—in
clud
ing
maj
or im
prov
emen
ts a
t its
icon
ic C
ity C
lock
Tow
er a
nd th
e C
arne
gie
Bui
ldin
g G
over
nmen
t B
uild
ing.
Ev
ery
year
wat
er a
nd se
wer
pro
ject
s are
bei
ng c
ompl
eted
. M
ajor
initi
ativ
es fo
r 201
8 in
clud
ed th
e co
mpl
etio
n of
the
repl
acem
ent o
f wat
er li
nes i
n th
e M
ount
Alto
re
side
ntia
l are
a, a
nd in
itial
con
stru
ctio
n fo
r maj
or re
pairs
at t
he W
ater
Filt
er P
lant
and
Was
teW
ater
Tre
atm
ent P
lant
. A
lso
com
plet
ed in
201
8 w
as th
e tra
nsiti
on a
t th
e W
ater
Filt
er P
lant
to a
GA
C (G
ranu
lar A
ctiv
ated
Car
bon)
filtr
atio
n sy
stem
whi
ch u
ses
an a
ltern
ate
sour
ce o
f wat
er fi
ltrat
ion
to h
elp
rem
ove
PFC
s an
d ot
her
cont
amin
ants
from
our
wat
er sy
stem
. Th
is is
a p
roac
tive
chan
ge fo
r the
syst
em in
adv
ance
of t
he st
ate’
s new
stan
dard
s for
wat
er sa
fety
.
The m
ulti-
mill
ion
dolla
r exp
ansi
on o
f the
trai
l sys
tem
at th
e Tow
n G
reen
was
com
plet
ed a
coup
le o
f yea
rs ag
o an
d tra
il co
nnec
tivity
thro
ugho
ut th
e cou
nty
cont
inue
s to
be
an in
itiat
ive.
The
re a
re fu
nds s
till l
eft i
n th
e 20
13 S
PLO
ST is
suan
ce to
con
nect
mor
e tra
ils u
p in
the
north
end
of t
he c
ount
y co
nnec
ting
arou
nd th
e ba
seba
ll st
adiu
m a
nd th
roug
h B
erry
Col
lege
. It
also
con
nect
s the
dow
ntow
n ar
ea in
to a
n en
hanc
ed in
terc
onne
cted
net
wor
k of
mul
ti-pu
rpos
e tra
ils th
at m
eand
er th
roug
hout
th
e co
mm
unity
. R
enov
atio
ns a
nd e
nhan
cem
ents
for t
he B
arro
n St
adiu
m tr
ack
have
pai
d of
f with
the
host
ing
of v
ario
us tr
ack
even
ts.
As p
art o
f pro
perty
don
ated
to th
e C
ity b
y G
ener
al E
lect
ric, t
here
are
seve
ral t
rail
optio
ns fo
r the
firs
t pha
se o
f tha
t pas
sive
recr
eatio
n de
velo
pmen
t for
the
prop
erty
. Tr
ail a
cces
s con
tinue
s to
be a
prio
rity
for t
he fu
ture
as S
PLO
ST a
nd o
ther
fund
ing
sour
ces a
re b
udge
ted
to im
prov
e an
d ex
tend
trai
l con
nect
ivity
with
in th
e C
ity.
x
The
Rom
e/Fl
oyd
Cou
nty
Land
Ban
k A
utho
rity
was
ver
y ac
tive
in 2
018
mov
ing
over
twen
ty fi
ve p
rope
rties
off
the
delin
quen
t or f
orec
lose
d ta
x ro
lls b
ack
to th
e ta
xpay
er d
iges
t. W
ith o
ver 2
50 p
rope
rties
still
to b
e pr
oces
sed
from
the
coun
ty fo
recl
osed
reco
rds,
2019
look
s to
be a
goo
d ye
ar to
mov
e ad
ditio
nal p
rope
rties
bac
k to
tax
paye
r par
cels
. Th
e new
Riv
erpo
inte
Apa
rtmen
ts o
pene
d in
201
8 an
d w
ere c
ompl
etel
y oc
cupi
ed w
ith w
aitin
g lis
ts w
ithin
a fe
w m
onth
s. T
his i
s a la
rger
ups
cale
apa
rtmen
t com
plex
ad
jace
nt to
the
Rom
e B
rave
s sta
dium
and
giv
es th
e co
mm
unity
a h
ighe
r end
apa
rtmen
t inv
ento
ry.
For
the
Fut
ure:
Th
e N
orth
wes
t Reg
iona
l Hos
pita
l pro
perty
in W
est R
ome
that
has
bee
n do
rman
t sin
ce 2
011
has
a te
ntat
ive
colla
bora
tive
use
as th
e C
ity h
as w
orke
d di
ligen
tly to
id
entif
y a
poss
ible
re-u
se o
r red
evel
opm
ent f
or th
e ca
mpu
s. T
he lo
cally
bas
ed G
loba
l Im
pact
has
ann
ounc
ed p
lans
for t
he c
reat
ion
of H
ope V
illag
e at
the
site
whi
ch
wou
ld b
e a
colla
bora
tive
treat
men
t cen
ter t
o en
com
pass
the
entir
e tra
ct. H
ope
Vill
age
will
striv
e to
pro
vide
subs
tanc
e ab
use,
men
tal h
ealth
, and
voc
atio
nal a
nd jo
b tra
inin
g se
rvic
es.
This
will
be
a tru
e co
llabo
ratio
n ef
fort
betw
een
fede
ral,
stat
e, lo
cal g
over
nmen
t, lo
cal b
usin
esse
s, no
n-pr
ofit
agen
cies
and
faith
bas
ed p
artn
ers.
The
river
s are
a m
ajor
par
t of t
his c
omm
unity
alo
ng w
ith th
e C
ity's
dow
ntow
n de
velo
pmen
t. T
he C
ity w
ill c
ontin
ue to
focu
s on
the
deve
lopm
ent o
f the
thre
e riv
ers
in d
ownt
own
Rom
e. T
he a
dditi
on o
f the
ped
estri
an b
ridge
and
the
Tow
n G
reen
has
alre
ady
prov
en to
be
a m
ajor
dra
w to
the
dow
ntow
n ar
ea a
nd th
e ex
pans
ion
of
the
river
wal
k tra
il sy
stem
con
tinue
s to
be
an im
porta
nt in
itiat
ive
for t
he fu
ture
. Th
e To
wn
Gre
en is
bec
omin
g a
foca
l poi
nt fo
r oth
er fe
stiv
als,
and
even
ts in
the
dow
ntow
n ar
ea.
Re-
inst
alla
tion
of th
e do
ck fo
r the
Rom
an H
olid
ay ri
verb
oat i
s exp
ecte
d in
201
9.
The
City
in p
artn
ersh
ip w
ith F
loyd
Cou
nty,
and
the
Rom
e Fl
oyd
Tour
ism
/Con
vent
ion
Bur
eau,
pur
chas
ed a
new
trol
ley
for d
ownt
own
even
ts, r
enta
ls, a
nd s
peci
al
even
ts a
nd to
urs.
The
Tro
lley
has b
een
nam
ed th
e “R
oman
Ros
e”.
The
City
has
issu
ed b
onds
to fi
nanc
e th
e co
nstru
ctio
n of
new
“in
door
tenn
is c
ourts
” at
the
Rom
e Te
nnis
Cen
ter a
t Ber
ry C
olle
ge.
Thes
e co
vere
d co
urts
will
be
at
the
exis
ting
faci
lity
and
will
com
plet
e th
e ne
cess
ary
enha
ncem
ents
to e
nsur
e th
at th
e fa
cilit
y is
abl
e to
bid
on
the
larg
er a
nd p
rest
igio
us to
urna
men
t eve
nts.
Tech
nolo
gy u
pgra
des
and
adva
ncem
ents
con
tinue
to b
e a
prio
rity
for
the
City
. Th
e C
ity la
unch
ed it
s in
tera
ctiv
e “M
y R
ome
App
”, a
nd a
new
upg
rade
d jo
int
City
/Cou
nty
web
site
was
rece
ntly
unv
eile
d. T
he C
ity is
als
o up
grad
ing
cam
eras
and
inte
grat
ed se
curit
y sy
stem
s to
bette
r mon
itor c
erta
in fa
cilit
ies.
Com
mun
ity D
evel
opm
ent c
ontin
ues t
o be
a p
riorit
y fo
r the
City
. C
omm
unity
Dev
elop
men
t has
par
tner
ed w
ith th
e R
ome
Hou
sing
Aut
horit
y to
app
ly fo
r a C
hoic
e N
eigh
borh
ood
Plan
ning
gra
nt fo
r the
Eas
t Rom
e ar
ea to
pla
n fo
r a la
rger
initi
ativ
e fo
r hou
sing
and
infr
astru
ctur
e im
prov
emen
ts.
The
depa
rtmen
t is
also
wor
king
w
ith th
e So
uth
Rom
e C
orpo
ratio
n fo
r con
stru
ctio
n of
five
hou
ses
for t
he H
omeB
uild
pro
ject
whi
ch s
ells
the
hous
es a
t cos
t to
low
inco
me
elig
ible
par
ticip
ants
. Th
ere
has b
een
cons
ider
able
inte
rest
in th
ese
hom
es a
nd th
e lo
ng ra
nge
plan
s are
to b
uild
3-4
add
ition
al h
omes
aro
und
the
corn
er w
ith th
e sa
le p
roce
eds.
Th
e C
ity a
ppro
ved
a TA
D F
our
area
with
an
appr
oved
TA
D a
pplic
atio
n fo
r a
maj
or r
etai
l hub
at t
he s
ite o
f th
e fo
rmer
Km
art.
Thi
s is
ver
y im
porta
nt a
s th
is
aban
done
d pr
oper
ty si
ts o
n a
maj
or ro
ad a
rtery
with
prim
e ac
cess
. Th
e ne
w re
tail
deve
lopm
ent i
s set
to o
pen
in la
te 2
020.
T
he C
ity is
wor
king
to fi
nish
out
pro
ject
s fro
m th
e 20
13 S
PLO
ST.
Trai
l Con
nect
ivity
and
Uni
ty P
oint
Impr
ovem
ents
are
the
final
pro
ject
s stil
l to
com
plet
e.
xi
In 2
017,
ano
ther
larg
e SP
LOST
refe
rend
um w
as p
asse
d by
the
com
mun
ity w
hich
will
be
a co
ntin
uatio
n on
ce th
e 20
13 S
PLO
ST e
xpire
s in
201
9. L
arge
r pro
ject
s in
clud
e Pub
lic W
orks
infr
astru
ctur
e im
prov
emen
ts, P
ublic
Saf
ety
equi
pmen
t and
faci
lity
impr
ovem
ents
, Wat
erw
ays i
mpr
ovem
ents
, Wat
er an
d Se
wer
impr
ovem
ents
an
d Im
prov
emen
ts in
the
Fifth
Ave
nue
Riv
er A
rts D
istri
ct.
FIN
AN
CIA
L IN
FO
RM
ATI
ON
M
anag
emen
t of t
he C
ity is
resp
onsi
ble
for e
stab
lishi
ng a
nd m
aint
aini
ng a
n in
tern
al c
ontro
l stru
ctur
e de
sign
ed to
ens
ure
that
the
asse
ts o
f the
City
are
pro
tect
ed
from
loss
, the
ft or
mis
use
and
to e
nsur
e th
at a
dequ
ate
acco
untin
g da
ta a
re c
ompi
led
to a
llow
for t
he p
repa
ratio
n of
fina
ncia
l sta
tem
ents
in c
onfo
rmity
with
gen
eral
ly
acce
pted
acc
ount
ing
prin
cipl
es.
The
inte
rnal
con
trol s
truct
ure
is d
esig
ned
to p
rovi
de re
ason
able
, but
not
abs
olut
e, a
ssur
ance
that
thes
e ob
ject
ives
are
met
. Th
e co
ncep
t of r
easo
nabl
e as
sura
nce
reco
gniz
es th
at:
(1) t
he c
ost o
f a c
ontro
l sho
uld
not e
xcee
d th
e be
nefit
s lik
ely
to b
e de
rived
; and
(2) t
he e
valu
atio
n of
cos
ts a
nd
bene
fits r
equi
res e
stim
ates
and
judg
men
ts b
y m
anag
emen
t. Si
ngle
Aud
it. A
s a re
cipi
ent o
f fed
eral
, sta
te a
nd c
ount
y fin
anci
al a
ssis
tanc
e, th
e C
ity a
lso
is re
spon
sibl
e fo
r ens
urin
g th
at a
n ad
equa
te in
tern
al c
ontro
l stru
ctur
e is
in
pla
ce to
ens
ure
com
plia
nce
with
app
licab
le la
ws
and
regu
latio
ns re
late
d to
thos
e pr
ogra
ms.
Thi
s in
tern
al c
ontro
l stru
ctur
e is
sub
ject
to p
erio
dic
eval
uatio
n by
m
anag
emen
t of t
he C
ity.
As a
par
t of t
he C
ity's
sing
le a
udit,
des
crib
ed e
arlie
r, te
sts a
re m
ade
to d
eter
min
e th
e ad
equa
cy o
f the
inte
rnal
con
trol s
truct
ure,
rela
ted
to fe
dera
l fin
anci
al a
ssis
tanc
e pr
ogra
ms,
as w
ell a
s to
det
erm
ine
that
the
City
has
com
plie
d w
ith a
pplic
able
law
s an
d re
gula
tions
that
cou
ld h
ave
a m
ater
ial e
ffec
t on
a m
ajor
fede
ral p
rogr
am.
The
resu
lts o
f the
City
's si
ngle
aud
it fo
r the
fisc
al y
ear e
nded
Dec
embe
r 31,
201
8 en
ded
with
no
findi
ngs o
f non
com
plia
nce
for i
ts fe
dera
l pro
gram
s.
Bud
getin
g C
ontr
ols.
In a
dditi
on, t
he C
ity m
aint
ains
bud
geta
ry c
ontro
ls.
The
obje
ctiv
e of
thes
e bu
dget
ary
cont
rols
is to
ens
ure
com
plia
nce
with
lega
l pro
visi
ons
embo
died
in th
e an
nual
app
ropr
iate
d bu
dget
app
rove
d by
the
City
's go
vern
ing
body
. A
ctiv
ities
of t
he G
ener
al F
und
and
Spec
ial R
even
ue F
unds
are
incl
uded
in
the
annu
al a
ppro
pria
ted
budg
et.
Proj
ect-l
engt
h fin
anci
al p
lans
are
ado
pted
for t
he C
apita
l Pro
ject
s Fu
nds.
Alth
ough
not
lega
lly re
quire
d, th
e C
ity d
oes
incl
ude
adop
ted
annu
al b
udge
ts fo
r its
pro
prie
tary
fund
s. T
he le
vel o
f mos
t of t
he b
udge
tary
con
trol (
that
is, t
he le
vel a
t whi
ch e
xpen
ditu
res
cann
ot le
gally
exc
eed
the
appr
opria
ted
amou
nt) i
s mai
ntai
ned
at th
e dep
artm
ent l
evel
. Th
e City
also
mai
ntai
ns an
encu
mbr
ance
acco
untin
g sy
stem
as a
tech
niqu
e of a
ccom
plis
hing
bud
geta
ry
cont
rol.
Enc
umbe
red
amou
nts l
apse
at y
ear-
end.
How
ever
, enc
umbr
ance
s gen
eral
ly a
re re
appr
opria
ted
as p
art o
f the
follo
win
g ye
ar's
budg
et.
The
City
Man
ager
an
d Fi
nanc
e D
irect
or a
long
with
the
City
Com
mis
sion
Fin
ance
Com
mitt
ee re
view
bud
get c
ompa
rison
s on
a m
onth
ly b
asis
. A
WA
RD
S A
ND
AC
KN
OW
LED
GE
ME
NTS
A
war
ds.
The
City
of R
ome,
Geo
rgia
Com
preh
ensi
ve A
nnua
l Fin
anci
al R
epor
t for
the
year
end
ed D
ecem
ber 3
1, 2
017,
was
aw
arde
d th
e C
ertif
icat
e of
Ach
ieve
men
t fo
r Exc
elle
nce
in F
inan
cial
Rep
ortin
g by
the
Gov
ernm
ent F
inan
ce O
ffic
ers A
ssoc
iatio
n of
the
Uni
ted
Stat
es a
nd C
anad
a (G
FOA
). T
he C
ertif
icat
e of
Ach
ieve
men
t is
the
high
est f
orm
of r
ecog
nitio
n fo
r exc
elle
nce
in st
ate
and
loca
l gov
ernm
ent f
inan
cial
repo
rting
. In
ord
er to
be
awar
ded
a C
ertif
icat
e of
Ach
ieve
men
t, a
gove
rnm
ent u
nit m
ust p
ublis
h an
eas
ily re
adab
le a
nd e
ffic
ient
ly o
rgan
ized
com
preh
ensi
ve a
nnua
l fin
anci
al
repo
rt, w
hose
con
tent
s co
nfor
m to
pro
gram
sta
ndar
ds.
Such
com
preh
ensi
ve a
nnua
l fin
anci
al re
ports
mus
t sat
isfy
bot
h ge
nera
lly a
ccep
ted
acco
untin
g pr
inci
ples
an
d ap
plic
able
lega
l req
uire
men
ts.
A C
ertif
icat
e of
Ach
ieve
men
t is v
alid
for a
per
iod
of o
ne y
ear o
nly.
We
belie
ve o
ur c
ompr
ehen
sive
ann
ual f
inan
cial
repo
rt co
ntin
ues t
o co
nfor
m to
the
Cer
tific
ate
of A
chie
vem
ent p
rogr
am re
quire
men
ts a
nd w
e ar
e su
bmitt
ing
our c
ompr
ehen
sive
ann
ual f
inan
cial
repo
rt fo
r the
cur
rent
yea
r to
the
GFO
A.
xiii
City
Commission
City
Manager
Inform
ation
Techno
logy
Transit
Departmen
tWater
&Sewer
Divisio
nPu
blicWorks
Divisio
n
PublicServices
Manager
City
Clerk
Training
Employmen
tAd
ministratio
n
Employee
Bene
fits
Risk
Managem
ent
Human
Resources
Purchasin
g
Internal
Audit
Fixed
Assets
Payroll
Accoun
tsPayable
Finance
Fire
Departmen
tPo
lice
Departmen
t
Land
fill
Garage
Cemetery
Solid
Waste
Collections
Street
&Drainage
Engine
ering
Services
Ope
ratio
nsOffice
ElectricalServices
Water
Distrib
ution
Water
Treatm
ent
Wastewater
Collection
Wastewater
Treatm
ent
Billing
&Cu
stom
erService
Visitor
Center
RomeSports
CommissionGreaterR
omeTourism
&Co
nven
tionBu
reau
City
Attorney
Assistant
City
Manager
City
ofRo
me,Ge
orgia
Organ
izatio
nCh
art
PublicFacilities
&Au
ditoriu
m
Alcoho
lCo
ntrol
Busin
ess
License
Mun
icipal
Police
Fine
s
Golf
Course
xiv
xv
CIT
Y O
F R
OM
E, G
EO
RG
IA
PRIN
CIP
AL
OFF
ICIA
LS
DE
CE
MB
ER
31,
201
8
Ja
mie
Dos
s ...
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lack
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ayor
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Tem
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ill C
ollin
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ager
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tant
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ance
Dir
ecto
r Jo
seph
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mith
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ity C
lerk
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.. City
Att
orne
y
FI
NA
NC
IAL
SE
CT
ION
The
finan
cial
sect
ion
of th
e C
ompr
ehen
sive
Ann
ual F
inan
cial
Rep
ort i
nclu
des
the
inde
pend
ent a
udito
r’s r
epor
t, th
e M
anag
emen
t’s D
iscu
ssio
n an
d A
naly
sis,
the
basi
c fin
anci
al st
atem
ents
incl
udin
g fo
otno
tes,
and
the
supp
lem
enta
ry in
form
atio
n.
200
GA
LLER
IA P
AR
KW
AY
S.E
., SU
ITE
1700
• A
TLA
NTA
, GA
303
39-5
946
• 770
-955
-860
0 • 8
00-2
77-0
080
• FA
X 7
70-9
80-4
489
• ww
w.m
jcpa
.com
M
embe
rs o
f The
Am
eric
an In
stitu
te o
f Cer
tifie
d Pu
blic
Acc
ount
ants
IN
DE
PEN
DE
NT
AU
DIT
OR
'S R
EPO
RT
Boa
rd o
f Com
mis
sion
ers
City
of R
ome,
Geo
rgia
R
ome,
Geo
rgia
R
epor
t on
the
Fina
ncia
l Sta
tem
ents
W
e ha
ve a
udite
d th
e ac
com
pany
ing
finan
cial
sta
tem
ents
of t
he g
over
nmen
tal a
ctiv
ities
, the
bus
ines
s-ty
pe a
ctiv
ities
, the
agg
rega
te d
iscr
etel
y pr
esen
ted
com
pone
nt
units
, eac
h m
ajor
fun
d, a
nd th
e ag
greg
ate
rem
aini
ng f
und
info
rmat
ion
of th
e C
ity o
f R
ome,
Geo
rgia
(th
e “C
ity”)
as
of a
nd f
or th
e ye
ar e
nded
Dec
embe
r 31
, 20
18, a
nd th
e re
late
d no
tes t
o th
e fin
anci
al st
atem
ents
, whi
ch c
olle
ctiv
ely
com
pris
e th
e C
ity’s
bas
ic fi
nanc
ial s
tate
men
ts a
s lis
ted
in th
e ta
ble
of c
onte
nts.
M
anag
emen
t’s R
espo
nsib
ility
for t
he F
inan
cial
Sta
tem
ents
M
anag
emen
t is
resp
onsi
ble
for t
he p
repa
ratio
n an
d fa
ir pr
esen
tatio
n of
thes
e fin
anci
al s
tate
men
ts in
acc
orda
nce
with
acc
ount
ing
prin
cipl
es g
ener
ally
acc
epte
d in
th
e U
nite
d St
ates
of
Am
eric
a; th
is in
clud
es th
e de
sign
, im
plem
enta
tion,
and
mai
nten
ance
of
inte
rnal
con
trol r
elev
ant t
o th
e pr
epar
atio
n an
d fa
ir pr
esen
tatio
n of
fin
anci
al st
atem
ents
that
are
free
from
mat
eria
l mis
stat
emen
t, w
heth
er d
ue to
frau
d or
err
or.
Aud
itor’
s Res
pons
ibili
ty
Our
resp
onsi
bilit
y is
to e
xpre
ss o
pini
ons o
n th
ese
finan
cial
stat
emen
ts b
ased
on
our a
udit.
We
cond
ucte
d ou
r aud
it in
acc
orda
nce
with
aud
iting
stan
dard
s gen
eral
ly
acce
pted
in th
e U
nite
d St
ates
of A
mer
ica
and
the
stan
dard
s ap
plic
able
to fi
nanc
ial a
udits
con
tain
ed in
Gov
ernm
ent A
uditi
ng S
tand
ards
, iss
ued
by th
e C
ompt
rolle
r G
ener
al o
f the
Uni
ted
Stat
es.
Thos
e st
anda
rds
requ
ire th
at w
e pl
an a
nd p
erfo
rm th
e au
dit t
o ob
tain
reas
onab
le a
ssur
ance
abo
ut w
heth
er th
e fin
anci
al s
tate
men
ts
are
free
from
mat
eria
l mis
stat
emen
t. A
n au
dit i
nvol
ves
perf
orm
ing
proc
edur
es to
obt
ain
audi
t evi
denc
e ab
out t
he a
mou
nts
and
disc
losu
res
in th
e fin
anci
al s
tate
men
ts.
The
proc
edur
es s
elec
ted
depe
nd
on th
e au
dito
r’s
judg
men
t, in
clud
ing
the
asse
ssm
ent o
f th
e ris
ks o
f m
ater
ial m
isst
atem
ent o
f th
e fin
anci
al s
tate
men
ts, w
heth
er d
ue to
fra
ud o
r er
ror.
In m
akin
g th
ose
risk
asse
ssm
ents
, the
aud
itor c
onsi
ders
inte
rnal
con
trol r
elev
ant t
o th
e en
tity’
s pr
epar
atio
n an
d fa
ir pr
esen
tatio
n of
the
finan
cial
sta
tem
ents
in o
rder
to d
esig
n au
dit p
roce
dure
s th
at a
re a
ppro
pria
te in
the
circ
umst
ance
s, bu
t not
for
the
purp
ose
of e
xpre
ssin
g an
opi
nion
on
the
effe
ctiv
enes
s of
the
entit
y’s
inte
rnal
con
trol.
A
ccor
ding
ly, w
e ex
pres
s no
suc
h op
inio
n. A
n au
dit a
lso
incl
udes
eva
luat
ing
the
appr
opria
tene
ss o
f acc
ount
ing
polic
ies
used
and
the
reas
onab
lene
ss o
f sig
nific
ant
acco
untin
g es
timat
es m
ade
by m
anag
emen
t, as
wel
l as e
valu
atin
g th
e ov
eral
l pre
sent
atio
n of
the
finan
cial
stat
emen
ts.
We
belie
ve th
at th
e au
dit e
vide
nce
we
have
obt
aine
d is
suff
icie
nt a
nd a
ppro
pria
te to
pro
vide
a b
asis
for o
ur a
udit
opin
ions
.
2
Opi
nion
s In
our
opi
nion
, the
fina
ncia
l sta
tem
ents
refe
rred
to a
bove
pre
sent
fairl
y, in
all
mat
eria
l res
pect
s, th
e re
spec
tive
finan
cial
pos
ition
of t
he g
over
nmen
tal a
ctiv
ities
, the
bu
sine
ss-ty
pe a
ctiv
ities
, the
agg
rega
te d
iscr
etel
y pr
esen
ted
com
pone
nt u
nits
, eac
h m
ajor
fund
, and
the
aggr
egat
e re
mai
ning
fund
info
rmat
ion
of th
e C
ity o
f Rom
e,
Geo
rgia
as
of D
ecem
ber 3
1, 2
018,
and
the
resp
ectiv
e ch
ange
s in
fina
ncia
l pos
ition
and
, whe
re a
pplic
able
, cas
h flo
ws
ther
eof f
or th
e ye
ar th
en e
nded
in a
ccor
danc
e w
ith a
ccou
ntin
g pr
inci
ples
gen
eral
ly a
ccep
ted
in th
e U
nite
d St
ates
of A
mer
ica.
E
mph
asis
of M
atte
r A
s dis
cuss
ed in
Not
es G
and
Q, t
he C
ity im
plem
ente
d G
over
nmen
tal A
ccou
ntin
g St
anda
rds B
oard
(GA
SB) S
tate
men
t No.
75,
Acc
ount
ing
and
Fina
ncia
l Rep
ortin
g fo
r Po
stem
ploy
men
t Be
nefit
s O
ther
Tha
n Pe
nsio
ns,
as o
f Ja
nuar
y 1,
201
8. T
his
stan
dard
sig
nific
antly
cha
nges
the
acc
ount
ing
for
the
City
’s t
otal
oth
er
post
empl
oym
ent b
enef
its (O
PEB
) lia
bilit
y an
d re
late
d di
sclo
sure
s. O
ur o
pini
ons a
re n
ot m
odifi
ed w
ith re
spec
t to
this
mat
ter.
Oth
er M
atte
rs
Requ
ired
Sup
plem
enta
ry In
form
atio
n
Acc
ount
ing
prin
cipl
es g
ener
ally
acc
epte
d in
the
Uni
ted
Stat
es o
f A
mer
ica
requ
ire th
at th
e M
anag
emen
t’s D
iscu
ssio
n an
d A
naly
sis,
Sche
dule
of
Cha
nges
in th
e C
ity’s
Net
Pen
sion
Lia
bilit
y an
d R
elat
ed R
atio
s, Sc
hedu
le o
f C
ity C
ontri
butio
ns, S
ched
ule
of C
hang
es in
the
City
’s T
otal
OPE
B L
iabi
lity
and
Rel
ated
Rat
ios
– O
PEB
Pla
n, a
nd b
udge
tary
com
paris
on i
nfor
mat
ion,
as
repo
rted
in t
he t
able
of
cont
ents
, be
pre
sent
ed t
o su
pple
men
t th
e ba
sic
finan
cial
sta
tem
ents
. S
uch
info
rmat
ion,
alth
ough
not
a p
art o
f the
bas
ic fi
nanc
ial s
tate
men
ts, i
s re
quire
d by
the
Gov
ernm
enta
l Acc
ount
ing
Stan
dard
s B
oard
who
con
side
rs it
to b
e an
ess
entia
l pa
rt of
fina
ncia
l rep
ortin
g fo
r pla
cing
the
basi
c fin
anci
al s
tate
men
ts in
an
appr
opria
te o
pera
tiona
l, ec
onom
ic, o
r his
toric
al c
onte
xt.
We
have
app
lied
certa
in li
mite
d pr
oced
ures
to th
e re
quire
d su
pple
men
tary
info
rmat
ion
in a
ccor
danc
e w
ith a
uditi
ng s
tand
ards
gen
eral
ly a
ccep
ted
in th
e U
nite
d St
ates
of A
mer
ica,
whi
ch c
onsi
sted
of
inqu
iries
of m
anag
emen
t abo
ut th
e m
etho
ds o
f pre
parin
g th
e in
form
atio
n an
d co
mpa
ring
the
info
rmat
ion
for c
onsi
sten
cy w
ith m
anag
emen
t’s re
spon
ses
to o
ur
inqu
iries
, the
bas
ic f
inan
cial
sta
tem
ents
, and
oth
er k
now
ledg
e w
e ob
tain
ed d
urin
g ou
r au
dit o
f th
e ba
sic
finan
cial
sta
tem
ents
. W
e do
not
exp
ress
an
opin
ion
or
prov
ide
any
assu
ranc
e on
the
inf
orm
atio
n be
caus
e th
e lim
ited
proc
edur
es d
o no
t pr
ovid
e us
with
suf
ficie
nt e
vide
nce
to e
xpre
ss a
n op
inio
n or
pro
vide
any
as
sura
nce.
3
Oth
er In
form
atio
n O
ur a
udit
was
con
duct
ed fo
r th
e pu
rpos
e of
for
min
g op
inio
ns o
n th
e fin
anci
al s
tate
men
ts th
at c
olle
ctiv
ely
com
pris
e th
e C
ity o
f Rom
e, G
eorg
ia’s
bas
ic f
inan
cial
st
atem
ents
. Th
e co
mbi
ning
and
indi
vidu
al n
onm
ajor
fund
fin
anci
al s
tate
men
ts a
nd s
ched
ules
, int
rodu
ctor
y se
ctio
n an
d st
atis
tical
sec
tion
as li
sted
in th
e ta
ble
of
cont
ents
, are
pre
sent
ed fo
r pur
pose
s of
add
ition
al a
naly
sis
and
are
not a
requ
ired
part
of th
e ba
sic
finan
cial
sta
tem
ents
. Th
e sc
hedu
le o
f ex
pend
iture
s of
spe
cial
pu
rpos
e lo
cal o
ptio
n sa
les
tax
proc
eeds
is p
rese
nted
for
pur
pose
s of
add
ition
al a
naly
sis
as r
equi
red
by th
e O
ffic
ial C
ode
of G
eorg
ia 4
8-8-
121,
and
is a
lso
not a
re
quire
d pa
rt of
the
basi
c fin
anci
al st
atem
ents
. Th
e co
mbi
ning
and
indi
vidu
al n
onm
ajor
fund
fina
ncia
l sta
tem
ents
and
sch
edul
es a
s w
ell a
s th
e sc
hedu
le o
f exp
endi
ture
s of
spe
cial
pur
pose
loca
l opt
ion
sale
s ta
x pr
ocee
ds (t
he “
supp
lem
enta
ry in
form
atio
n”) a
re th
e re
spon
sibi
lity
of m
anag
emen
t and
wer
e de
rived
from
and
rela
te d
irect
ly to
the
unde
rlyin
g ac
coun
ting
and
othe
r re
cord
s us
ed to
pre
pare
the
basi
c fin
anci
al s
tate
men
ts.
Such
info
rmat
ion
has
been
sub
ject
ed to
the
audi
ting
proc
edur
es a
pplie
d in
the
audi
t of t
he b
asic
fina
ncia
l st
atem
ents
and
cer
tain
add
ition
al p
roce
dure
s, in
clud
ing
com
parin
g an
d re
conc
iling
such
info
rmat
ion
dire
ctly
to th
e un
derly
ing
acco
untin
g an
d ot
her r
ecor
ds u
sed
to
prep
are
the
basi
c fin
anci
al s
tate
men
ts o
r to
the
bas
ic f
inan
cial
sta
tem
ents
the
mse
lves
, an
d ot
her
addi
tiona
l pr
oced
ures
in
acco
rdan
ce w
ith a
uditi
ng s
tand
ards
ge
nera
lly a
ccep
ted
in th
e U
nite
d St
ates
of A
mer
ica.
In
our o
pini
on, t
he s
uppl
emen
tary
info
rmat
ion
is fa
irly
stat
ed, i
n al
l mat
eria
l res
pect
s, in
rela
tion
to th
e ba
sic
finan
cial
stat
emen
ts a
s a w
hole
. Th
e in
trodu
ctor
y an
d st
atis
tical
sec
tions
hav
e no
t bee
n su
bjec
ted
to th
e au
ditin
g pr
oced
ures
app
lied
in th
e au
dit o
f the
bas
ic fi
nanc
ial s
tate
men
ts, a
nd a
ccor
ding
ly,
we
do n
ot e
xpre
ss a
n op
inio
n or
pro
vide
any
ass
uran
ce o
n th
em.
Oth
er R
epor
ting
Req
uire
d by
Gov
ernm
ent A
uditi
ng S
tand
ards
In
acc
orda
nce
with
Gov
ernm
ent A
uditi
ng S
tand
ards
, we
have
als
o is
sued
our
repo
rt da
ted
June
21,
201
9, o
n ou
r con
side
ratio
n of
the
City
’s in
tern
al c
ontro
l ove
r fin
anci
al re
porti
ng a
nd o
n ou
r tes
ts o
f its
com
plia
nce
with
cer
tain
pro
visi
ons
of la
ws,
regu
latio
ns, c
ontra
cts,
and
gran
t agr
eem
ents
and
oth
er m
atte
rs.
The
purp
ose
of th
at r
epor
t is
sole
ly to
des
crib
e th
e sc
ope
of o
ur te
stin
g of
inte
rnal
con
trol o
ver
finan
cial
rep
ortin
g an
d co
mpl
ianc
e an
d th
e re
sults
of
that
test
ing,
and
not
to
prov
ide
an o
pini
on o
n th
e ef
fect
iven
ess
of t
he C
ity’s
int
erna
l co
ntro
l ov
er f
inan
cial
rep
ortin
g or
on
com
plia
nce.
Th
at r
epor
t is
an
inte
gral
par
t of
an
audi
t pe
rfor
med
in a
ccor
danc
e w
ith G
over
nmen
t Aud
iting
Sta
ndar
ds in
con
side
ring
the
City
’s in
tern
al c
ontro
l ove
r fin
anci
al re
porti
ng a
nd c
ompl
ianc
e.
Atla
nta,
Geo
rgia
Ju
ne 2
1, 2
019
MA
NA
GE
ME
NT
’S D
ISC
USS
ION
AN
D A
NA
LY
SIS
M
anag
emen
t’s D
iscu
ssio
n an
d A
naly
sis (
MD
&A
) is a
nar
rativ
e in
trodu
ctio
n,
ove
rvie
w, a
nd a
naly
sis o
f inf
orm
atio
n pr
esen
ted
in th
e ba
sic
finan
cial
stat
emen
ts.
City
of R
ome,
Geo
rgia
MA
NA
GE
ME
NT
’S D
ISC
USS
ION
AN
D A
NA
LY
SIS
D
ecem
ber
31, 2
018
4
A
s man
agem
ent o
f the
City
of R
ome,
Geo
rgia
, thi
s sec
tion
of th
e C
ity’s
Com
preh
ensi
ve A
nnua
l Fin
anci
al R
epor
t off
ers r
eade
rs a
nar
rativ
e di
scus
sion
and
ana
lysi
s of
the
finan
cial
act
iviti
es o
f the
City
of R
ome
for t
he fi
scal
yea
r end
ed D
ecem
ber 3
1, 2
018.
This
dis
cuss
ion
and
anal
ytic
al i
nfor
mat
ion
is d
esig
ned
to b
e us
ed i
n co
njun
ctio
n w
ith t
he t
rans
mitt
al l
ette
r fo
und
on p
ages
v-x
ii an
d w
ith t
he a
ccom
pany
ing
finan
cial
sta
tem
ents
and
foo
tnot
e di
sclo
sure
s w
hich
fol
low
this
sec
tion.
Th
is d
iscu
ssio
n fo
cuse
s on
the
City
’s p
rimar
y go
vern
men
t and
unl
ess
othe
rwis
e no
ted,
doe
s no
t in
clud
e di
scre
tely
pre
sent
ed c
ompo
nent
uni
ts w
hich
are
repo
rted
sepa
rate
ly.
FI
NA
NC
IAL
HIG
HL
IGH
TS
The
City
of R
ome’
s to
tal a
sset
s an
d de
ferr
ed o
utflo
ws
exce
eded
its
tota
l lia
bilit
ies
and
defe
rred
inflo
ws
by $
327,
394,
676
in 2
018,
whi
ch is
an
incr
ease
of 4
.1%
ov
er th
e re
stat
ed 2
017
bala
nce.
Net
Pos
ition
for t
he C
ity in
crea
sed
$12,
903,
826
for 2
018.
Thi
s in
crea
se w
as e
venl
y di
strib
uted
bet
wee
n G
over
nmen
tal A
ctiv
ities
an
d B
usin
ess A
ctiv
ities
with
stro
ng in
crea
ses i
n bo
th c
ateg
orie
s. B
egin
ning
Net
Pos
ition
for G
over
nmen
tal a
ctiv
ities
was
rest
ated
with
a d
ecre
ase
of $
(13,
880,
274)
w
ith th
e im
plem
enta
tion
of G
ASB
75
for O
ther
Pos
tem
ploy
men
t Ben
efits
Acc
rual
s.
The
City
’s to
tal a
sset
s inc
reas
ed $
8,58
0,60
6 w
ith $
7,28
4,46
6 of
that
incr
ease
in c
ash.
Bus
ines
s Act
iviti
es h
ad th
e bi
gges
t per
cent
age
of th
at c
ash
incr
ease
.
Th
e C
ity’s
long
term
liab
ilitie
s in
crea
sed
$11,
921,
130
for 2
018.
Thi
s is
a n
et e
ffec
t of t
he n
orm
al p
aym
ent o
f bon
d pr
inci
pal b
ut a
lso
incl
udes
the
addi
tion
of th
e O
PEB
liab
ility
of $
17,3
66,6
94 in
the
initi
al y
ear o
f im
plem
enta
tion
of th
e ne
w G
ASB
stan
dard
. Th
ere
was
als
o a
mod
est i
ncre
ase
in th
e pe
nsio
n lia
bilit
y.
Tota
l City
of R
ome
Net
Pos
ition
is m
ade
up o
f the
follo
win
g:
1
) N
et In
vest
men
t in
capi
tal a
sset
s of
$29
9,19
6,94
7 in
clud
es p
rope
rty, e
quip
men
t, an
d in
fras
truct
ure,
net
of a
ccum
ulat
ed d
epre
ciat
ion
and
redu
ced
for r
elat
ed
debt
.
2)
The
rest
ricte
d po
rtion
of t
he N
et P
ositi
on o
f $16
,512
,991
refle
cts f
unds
hel
d fo
r cap
ital p
urch
ases
and
deb
t ser
vice
. Th
e ba
lanc
e of
the
rest
ricte
d po
rtion
is
rest
ricte
d by
out
side
ent
ities
eith
er b
y co
vena
nts,
gran
t agr
eem
ents
or e
xter
nal l
egis
latio
n.
3
) U
nres
trict
ed N
et P
ositi
on o
f $11
,684
,738
repr
esen
ts th
e po
rtion
ava
ilabl
e to
mai
ntai
n th
e C
ity’s
ong
oing
obl
igat
ions
and
has
dec
reas
ed s
ubst
antia
lly fr
om
2017
as t
he O
PEB
liab
ility
acc
rual
has
shift
ed th
e un
rest
ricte
d po
rtion
in G
over
nmen
tal A
ctiv
ities
to a
def
icit
posi
tion.
Th
e C
ity o
f Rom
e ha
d an
ove
rall
incr
ease
in N
et P
ositi
on fo
r 201
8 of
$12
,903
,826
whi
ch is
less
than
the
incr
ease
for 2
017
but r
epre
sent
s st
rong
incr
ease
s in
the
Gov
ernm
enta
l Act
iviti
es a
nd B
usin
ess
type
Act
iviti
es.
In th
e G
over
nmen
tal A
ctiv
ities
this
incr
ease
was
gen
erat
ed m
ainl
y by
a d
ecre
ase
in e
xpec
ted
expe
nses
and
an
incr
ease
in e
xpec
ted
reve
nues
, mor
e sp
ecifi
cally
in ta
x re
venu
es.
In B
usin
ess A
ctiv
ities
, the
re w
ere
incr
ease
s in
reve
nues
and
less
cap
ital e
xpen
ses.
The
City
’s c
ombi
ned
gove
rnm
enta
l fun
ds re
porte
d a
tota
l end
ing
fund
bal
ance
of $
35,8
48,6
68 w
hich
is a
hea
lthy
incr
ease
of $
3,34
4,25
8 fr
om 2
017.
Thi
s is m
ostly
du
e to
a la
rger
incr
ease
in th
e fu
nd b
alan
ce in
the
Gen
eral
Fun
d, b
ut a
lso
mod
est i
ncre
ases
in th
e SP
LOST
and
Cap
ital f
unds
. Of
this
am
ount
$19
,332
,411
is
unas
sign
ed a
nd a
vaila
ble
for b
udge
tary
spen
ding
. Th
is is
a la
rger
incr
ease
from
201
7 an
d re
flect
s the
stro
ng in
crea
se in
fund
bal
ance
of t
he G
ener
al F
und.
City
of R
ome,
Geo
rgia
MA
NA
GE
ME
NT
’S D
ISC
USS
ION
AN
D A
NA
LY
SIS
D
ecem
ber
31, 2
018
5
Th
e C
ity’s
Gen
eral
Fun
d ha
d a
net i
ncre
ase
in fu
nd b
alan
ce o
f $1,
733,
790
for 2
018.
Thi
s is
low
er th
an th
e in
crea
se fo
r 201
7, b
ut is
stil
l a h
ealth
y in
crea
se. T
he
incr
ease
was
due
to
low
er t
han
budg
eted
exp
ense
s, m
ainl
y in
Pol
ice
and
Publ
ic W
orks
, and
hig
her
prop
erty
tax
rev
enue
s fr
om a
hig
her
than
ave
rage
ann
ual
colle
ctio
n ra
te.
The
City
’s G
ener
al F
und
show
ed a
n un
assi
gned
fund
bal
ance
of $
19,3
32,4
11 a
t the
end
of t
he fi
scal
yea
r, or
88.
2% o
f cur
rent
yea
r exp
endi
ture
s be
fore
tran
sfer
s an
d 61
.3%
of t
otal
exp
endi
ture
s (in
clud
ing
trans
fers
out
). Th
is is
a $
1,73
4,49
3 in
crea
se fr
om 2
017.
Thi
s inc
reas
e co
ntin
ues t
o be
a p
urpo
sefu
l int
entio
n to
pos
ition
th
e C
ity fo
r pro
ject
ed n
eeds
in th
e fu
ture
.
The
City
’s C
apita
l Fun
d ha
d a
net i
ncre
ase
in fu
nd b
alan
ce o
f $39
0,37
3. T
his i
s due
to a
mod
erat
ion
of c
apita
l out
lay
and
addi
tiona
l gra
nt re
venu
e.
The
City
’s S
PLO
ST f
und
had
a ne
t inc
reas
e to
fun
d ba
lanc
e of
$76
9,35
8 du
e to
the
win
ding
dow
n of
the
curr
ent S
PLO
ST is
suan
ce w
ith m
ost o
f th
e bu
dget
ed
proj
ects
com
plet
ed.
The
City
’s T
AD
fund
had
a n
et in
crea
se to
fund
bal
ance
of $
158,
806
due
to in
crea
sed
reve
nues
with
the
incl
usio
n of
Flo
yd C
ount
y an
d R
ome
Boa
rd o
f Edu
catio
n in
the
TAD
One
Dis
trict
. O
VE
RV
IEW
OF
TH
E F
INA
NC
IAL
ST
AT
EM
EN
TS
M
anag
emen
t’s D
iscu
ssio
n an
d A
naly
sis i
s int
ende
d to
serv
e as
an
intro
duct
ion
to th
e C
ity o
f Rom
e’s b
asic
fina
ncia
l sta
tem
ents
. Th
e ba
sic
finan
cial
stat
emen
ts a
re
com
pris
ed o
f thr
ee c
ompo
nent
s 1)
gov
ernm
ent-w
ide
finan
cial
sta
tem
ents
, 2) f
und
finan
cial
sta
tem
ents
and
, 3) n
otes
to th
e fin
anci
al s
tate
men
ts.
This
repo
rt al
so in
clud
es
supp
lem
enta
ry in
form
atio
n in
add
ition
to th
ese
basi
c fin
anci
al st
atem
ents
. G
over
nmen
t-wid
e F
inan
cial
Sta
tem
ents
The
City
’s re
port
incl
udes
two
gove
rnm
ent–
wid
e fin
anci
al s
tate
men
ts.
The
focu
s of
thes
e st
atem
ents
is o
n th
e ov
eral
l fin
anci
al p
ositi
on a
nd a
ctiv
ities
of t
he C
ity
of R
ome
as a
who
le, i
n a
man
ner s
imila
r to
a pr
ivat
e se
ctor
bus
ines
s. T
hese
stat
emen
ts u
se th
e fu
ll ac
crua
l bas
is o
f acc
ount
ing.
The
first
gov
ernm
ent-w
ide
stat
emen
t is
the
Stat
emen
t of
Net
Pos
ition
. Th
is is
the
City
-wid
e st
atem
ent o
f po
sitio
n w
hich
pre
sent
s in
form
atio
n on
all
asse
ts,
liabi
litie
s and
def
erre
d ou
tflow
s/in
flow
s with
the
diff
eren
ce re
porte
d as
Net
Pos
ition
. O
ver t
ime,
incr
ease
s or d
ecre
ases
in th
e ne
t pos
ition
may
serv
e as
a u
sefu
l ind
icat
or o
f th
e fin
anci
al h
ealth
of t
he C
ity.
Th
e se
cond
gov
ernm
ent-w
ide
stat
emen
t is t
he S
tate
men
t of A
ctiv
ities
. Th
is re
port
pres
ents
how
the
City
’s n
et p
ositi
on c
hang
ed d
urin
g th
e cu
rren
t fis
cal y
ear.
All
curr
ent y
ear r
even
ues
and
expe
nses
are
incl
uded
rega
rdle
ss o
f the
tim
ing
of re
late
d ca
sh fl
ows.
A p
rimar
y pu
rpos
e of
the
Stat
emen
t of A
ctiv
ities
is to
iden
tify
the
net c
osts
of
var
ious
func
tions
and
serv
ices
pro
vide
d by
the
City
and
to d
eter
min
e th
e ex
tent
to w
hich
eac
h fu
nctio
n is
self-
supp
ortin
g by
pro
gram
reve
nues
or i
s sub
sidi
zed
by g
ener
al
reve
nues
.
Th
e go
vern
men
tal
activ
ities
of
the
City
of
Rom
e in
clud
e ge
nera
l go
vern
men
t, pu
blic
saf
ety,
pub
lic w
orks
, pu
blic
fac
ilitie
s, pu
blic
ser
vice
s, co
mm
unity
de
velo
pmen
t and
edu
catio
n.
City
of R
ome,
Geo
rgia
MA
NA
GE
ME
NT
’S D
ISC
USS
ION
AN
D A
NA
LY
SIS
D
ecem
ber
31, 2
018
6
B
usin
ess
type
act
iviti
es in
clud
e w
ater
and
sew
er, f
ire s
ervi
ces,
solid
was
te c
omm
issi
on (l
andf
ill),
trans
it op
erat
ions
, bui
ldin
g in
spec
tion,
sol
id w
aste
man
agem
ent
(col
lect
ions
), m
unic
ipal
gol
f, te
nnis
cen
ter,
and
publ
ic fa
cilit
ies.
The
gov
ernm
ent-w
ide
finan
cial
stat
emen
ts in
clud
e no
t onl
y th
e fu
nds o
f the
City
but
als
o th
e G
reat
er R
ome
Con
vent
ion
and
Vis
itors
Bur
eau
and
the
Rom
e B
oard
of E
duca
tion
for w
hich
the
City
of R
ome
is fi
nanc
ially
acc
ount
able
. Fi
nanc
ial i
nfor
mat
ion
for t
hese
com
pone
nt u
nits
is
repo
rted
sepa
rate
ly fr
om th
e pr
imar
y go
vern
men
t, al
thou
gh in
clud
ed o
n th
e go
vern
men
t-wid
e st
atem
ents
.
The
City
’s g
over
nmen
t-wid
e fin
anci
al st
atem
ents
are
pre
sent
ed o
n pa
ges 2
4-26
of t
his r
epor
t. FU
ND
FIN
AN
CIA
L S
TA
TE
ME
NT
S
A fu
nd is
an
acco
untin
g en
tity
used
to m
aint
ain
cont
rol o
ver r
esou
rces
seg
rega
ted
for s
peci
fic a
ctiv
ities
or o
bjec
tives
and
to e
nsur
e co
mpl
ianc
e w
ith fi
nanc
ial o
r le
gal l
aws a
nd re
gula
tions
. M
ajor
fund
s are
repo
rted
in se
para
te c
olum
ns w
ith a
ll no
n-m
ajor
fund
s rep
orte
d in
the
aggr
egat
e. I
ndiv
idua
l fin
anci
al in
form
atio
n fo
r the
se n
on-
maj
or f
unds
is
prov
ided
in
com
bini
ng s
tate
men
ts i
n th
e su
pple
men
tal
info
rmat
ion.
The
City
’s f
unds
are
div
ided
int
o th
ree
cate
gorie
s; g
over
nmen
tal,
prop
rieta
ry, a
nd
fiduc
iary
G
over
nmen
tal F
unds
Gov
ernm
enta
l fu
nds
are
used
to
acco
unt
for
basi
cally
the
sam
e fu
nctio
ns r
epor
ted
as g
over
nmen
tal
activ
ities
in
the
gove
rnm
ent-w
ide
finan
cial
sta
tem
ents
. H
owev
er, u
nlik
e th
e go
vern
men
t-wid
e st
atem
ents
, gov
ernm
enta
l fun
ds f
inan
cial
sta
tem
ents
foc
us o
n sh
ort t
erm
fis
cal a
ccou
ntab
ility
as
wel
l as
bala
nces
of
expe
ndab
le
reso
urce
s at t
he e
nd o
f the
fisc
al y
ear.
B
ecau
se th
e fo
cus
of g
over
nmen
tal f
unds
is n
arro
wer
than
that
of t
he g
over
nmen
t-wid
e fin
anci
al s
tate
men
ts, i
t is
usef
ul to
com
pare
the
info
rmat
ion
pres
ente
d fo
r go
vern
men
tal
fund
s w
ith s
imila
r in
form
atio
n pr
esen
ted
for
gove
rnm
enta
l ac
tiviti
es i
n th
e go
vern
men
t-wid
e fin
anci
al s
tate
men
ts.
By
doin
g so
, re
ader
s m
ay b
ette
r un
ders
tand
the
long
-term
impa
ct o
f sho
rt te
rm fi
nanc
ial d
ecis
ions
. Si
nce
thes
e st
atem
ents
do
have
a d
iffer
ent p
ersp
ectiv
e an
d us
e di
ffer
ent a
ccou
ntin
g m
etho
ds to
gen
erat
e th
e fin
anci
al i
nfor
mat
ion,
rec
onci
liatio
ns o
f th
e G
over
nmen
tal
Fund
Bal
ance
She
et a
nd t
he S
tate
men
t of
Rev
enue
s, Ex
pend
iture
s an
d C
hang
es i
n Fu
nd B
alan
ce a
re
pres
ente
d to
faci
litat
e th
is c
ompa
rison
.
The
City
of
Rom
e m
aint
ains
ten
ind
ivid
ual
gove
rnm
enta
l fu
nds.
Inf
orm
atio
n is
pre
sent
ed s
epar
atel
y fo
r th
e G
ener
al, C
apita
l, SP
LOST
, and
TA
D f
unds
, all
cons
ider
ed m
ajor
fund
s in
201
8. T
he o
ther
fund
s ar
e co
mbi
ned
into
a s
ingl
e ag
greg
ated
pre
sent
atio
n. I
ndiv
idua
l dat
a fo
r eac
h of
thes
e no
n-m
ajor
gov
ernm
enta
l fun
ds is
pr
ovid
ed in
the
form
of c
ombi
ning
stat
emen
ts o
n pa
ges 1
07-1
10 o
f the
repo
rt.
Bud
geta
ry c
ompa
rison
sch
edul
es a
re in
clud
ed fo
r the
Gen
eral
Fun
d as
requ
ired
supp
lem
enta
ry in
form
atio
n im
med
iate
ly a
fter t
he n
otes
to th
e fin
anci
al s
tate
men
ts.
Bud
geta
ry c
ompa
rison
sch
edul
es f
or th
e sp
ecia
l rev
enue
fun
ds a
re in
clud
ed in
the
supp
lem
enta
l inf
orm
atio
n se
ctio
n.
Thes
e sc
hedu
les
dem
onst
rate
com
plia
nce
with
the
final
revi
sed
budg
ets.
The
basi
c go
vern
men
tal f
und
finan
cial
stat
emen
ts a
re p
rese
nted
on
page
s 27-
30 o
f thi
s rep
ort.
City
of R
ome,
Geo
rgia
MA
NA
GE
ME
NT
’S D
ISC
USS
ION
AN
D A
NA
LY
SIS
D
ecem
ber
31, 2
018
7
Prop
riet
ary
Fun
ds
Pr
oprie
tary
fund
s ar
e re
porte
d in
the
fund
fina
ncia
l sta
tem
ents
and
gen
eral
ly re
port
serv
ices
whe
re th
e cu
stom
er is
cha
rged
a fe
e or
whe
re th
e de
term
inat
ion
of a
n in
crea
se o
r de
crea
se in
net
pos
ition
is a
ppro
pria
te f
or c
apita
l mai
nten
ance
, pub
lic p
olic
y, m
anag
emen
t con
trol o
r fu
ll ac
coun
tabi
lity.
Th
ere
are
two
type
s of
pro
prie
tary
fu
nds;
ent
erpr
ise
fund
s and
inte
rnal
serv
ice
fund
s.
Ente
rpris
e fu
nds
esse
ntia
lly e
ncom
pass
the
sam
e fu
nctio
ns p
rese
nted
as
busi
ness
-type
act
iviti
es i
n th
e go
vern
men
t-wid
e fin
anci
al s
tate
men
ts.
The
City
use
s en
terp
rise
fund
s to
acc
ount
for
its w
ater
and
sew
er o
pera
tion,
fire
ser
vice
s, so
lid w
aste
com
mis
sion
(lan
dfill
), tra
nsit
oper
atio
ns, b
uild
ing
insp
ectio
n se
rvic
es, s
olid
was
te
man
agem
ent (
colle
ctio
n), m
unic
ipal
gol
f ope
ratio
ns, p
ublic
faci
litie
s, an
d th
e te
nnis
cen
ter.
Th
e C
ity u
ses
inte
rnal
ser
vice
s fu
nds
to a
ccou
nt fo
r hea
lth in
sura
nce
and
wor
kers
’ com
pens
atio
n pa
ymen
ts.
Bec
ause
of t
he n
atur
e of
thes
e in
tern
al s
ervi
ce fu
nds,
they
are
con
solid
ated
with
in th
e bu
sine
ss-ty
pe a
ctiv
ities
with
thei
r net
pos
ition
tota
ls a
lloca
ted
betw
een
gove
rnm
enta
l and
bus
ines
s-ty
pe a
ctiv
ities
.
T
he C
ity re
ports
the
wat
er, f
ire, a
nd s
olid
was
te c
omm
issi
on fu
nds
as m
ajor
fund
s w
ith th
e re
mai
ning
non
-maj
or fu
nds
pres
ente
d in
the
aggr
egat
e. In
divi
dual
dat
a on
thes
e no
n-m
ajor
fund
s are
pre
sent
ed in
the
supp
lem
enta
l sec
tion
of th
is re
port.
The
City
’s p
ropr
ieta
ry fu
nds a
re p
rese
nted
on
page
s 32-
40 w
ith in
divi
dual
dat
a on
non
-maj
or fu
nds p
rese
nted
in c
ombi
ning
stat
emen
ts o
n pa
ges 1
18-1
24.
Fid
ucia
ry F
unds
Fidu
ciar
y fu
nds
are
used
to a
ccou
nt f
or r
esou
rces
for
par
ties
outs
ide
the
gove
rnm
ent.
Fid
ucia
ry f
unds
are
pre
sent
ed in
the
fund
fin
anci
al s
tate
men
ts b
ut a
re n
ot
incl
uded
in th
e go
vern
men
t-wid
e fin
anci
al s
tate
men
ts b
ecau
se th
e re
sour
ces o
f thi
s fun
d ar
e no
t ava
ilabl
e to
supp
ort t
he C
ity o
f Rom
e’s p
rogr
ams.
The
acc
ount
ing
used
for
fiduc
iary
fund
s is m
uch
like
that
use
d fo
r pro
prie
tary
fund
s.
The
basi
c fid
ucia
ry fu
nd fi
nanc
ial s
tate
men
ts a
re p
rese
nted
on
page
s 41
and
42.
Not
es to
the
Fin
anci
al S
tate
men
ts
Th
e no
tes
to th
e fin
anci
al s
tate
men
ts p
rovi
de a
dditi
onal
info
rmat
ion
that
is e
ssen
tial t
o a
full
unde
rsta
ndin
g of
the
data
pro
vide
d in
the
gove
rnm
ent-w
ide
and
fund
fin
anci
al st
atem
ents
. Th
e no
tes t
o th
e fin
anci
al st
atem
ents
are
pre
sent
ed o
n pa
ges 4
3-91
. R
equi
red
Supp
lem
enta
ry In
form
atio
n
The
budg
etar
y co
mpa
rison
sch
edul
e fo
r the
Gen
eral
Fun
d an
d fo
otno
tes a
re p
rovi
ded
for b
udge
t com
plia
nce
pres
enta
tion.
The
sch
edul
es a
pplic
able
to th
e Li
abili
ty
stan
dard
for
the
City
of
Rom
e’s
GM
EBS
Ret
irem
ent
Plan
and
req
uire
d sc
hedu
les
for
the
OPE
B H
ealth
Car
e Pl
an a
re a
lso
prov
ided
in
the
Req
uire
d Su
pple
men
tary
In
form
atio
n. T
hese
are
pre
sent
ed o
n pa
ges 9
2-10
1.
Oth
er S
uppl
emen
tal I
nfor
mat
ion
O
ther
sup
plem
enta
l in
form
atio
n in
clud
es c
ombi
ning
ind
ivid
ual
fund
sta
tem
ents
for
non
-maj
or f
unds
agg
rega
ted
in t
he b
asic
fin
anci
al s
tate
men
ts.
Bud
geta
ry
com
paris
ons f
or n
on-m
ajor
gov
ernm
enta
l fun
ds a
re a
lso
pres
ente
d. T
his s
uppl
emen
tal i
nfor
mat
ion
is p
rese
nted
on
page
s 107
-115
.
City
of R
ome,
Geo
rgia
MA
NA
GE
ME
NT
’S D
ISC
USS
ION
AN
D A
NA
LY
SIS
D
ecem
ber
31, 2
018
8
Th
e Sp
ecia
l Rep
ort f
or S
ales
Tax
pro
ceed
s is s
how
n on
pag
es 1
16 a
nd 1
17.
This
sche
dule
show
s exp
endi
ture
s for
the
1996
, 200
6, 2
009
and
2013
SPL
OST
issu
es.
FIN
AN
CIA
L A
NA
LY
SIS
OF
TH
E C
ITY
’S P
OSI
TIO
N A
ND
OPE
RA
TIO
NS
Th
e C
ity’s
ove
rall
finan
cial
pos
ition
and
ope
ratio
ns f
or th
is f
isca
l yea
r is
sum
mar
ized
as
follo
ws
base
d on
info
rmat
ion
foun
d in
the
gove
rnm
ent-w
ide
finan
cial
st
atem
ents
on
page
s 24-
26.
2018
2017
2018
2017
2018
2017
Var
ianc
eA
sset
s:Cu
rrent
ass
ets
34,7
40,7
89$
31
,001
,138
$
43,2
62,7
78$
38
,443
,018
$
78,0
03,5
67$
69
,444
,156
$
8,55
9,41
1$
Ca
pita
l ass
ets
152,
263,
106
14
8,48
2,64
6
181,
866,
940
18
5,42
2,60
5
334,
130,
046
33
3,90
5,25
1
224,
795
O
ther
non
-cur
rent
ass
ets
6,11
4,75
7
6,
233,
913
1,18
1,55
3
1,
265,
997
7,29
6,31
0
7,
499,
910
(203
,600
)
To
tal A
sset
s19
3,11
8,65
2
185,
717,
697
22
6,31
1,27
1
225,
131,
620
41
9,42
9,92
3
410,
849,
317
8,
580,
606
Def
erre
d O
utflo
ws
of R
esou
rces
8,81
1,91
4
3,
852,
352
829,
413
1,
085,
805
9,64
1,32
7
4,
938,
157
4,70
3,17
0
Liab
ilitie
s:Cu
rrent
liab
ilitie
s6,
539,
181
6,14
0,40
4
5,
102,
790
4,87
3,10
1
11
,641
,971
11,0
13,5
05
62
8,46
6
Long
-term
liab
ilitie
s52
,147
,374
34,5
12,1
76
34
,216
,615
39,9
30,6
83
86
,363
,989
74,4
42,8
59
11
,921
,130
To
tal L
iabi
litie
s58
,686
,555
40,6
52,5
80
39
,319
,405
44,8
03,7
84
98
,005
,960
85,4
56,3
64
12
,549
,596
Def
erre
d In
flow
s of
Res
ourc
es3,
670,
614
1,95
9,98
6
-
-
3,
670,
614
1,95
9,98
6
1,
710,
628
Net
inve
stm
ent i
n ca
pita
l ass
ets
141,
660,
958
13
4,59
3,76
9
157,
535,
989
15
5,27
8,95
0
299,
196,
947
28
9,87
2,71
9
9,32
4,22
8
Re
stric
ted
15,7
26,9
61
14
,147
,220
786,
030
1,
024,
901
16,5
12,9
91
15
,172
,121
1,34
0,87
0
U
nres
trict
ed(1
7,81
4,52
2)
(15,
663,
780)
29
,499
,260
25,1
09,7
90
11
,684
,738
9,44
6,01
0
2,
238,
728
Tota
l Net
Pos
ition
139,
573,
397
$
**
133,
077,
209
$
18
7,82
1,27
9$
181,
413,
641
$
32
7,39
4,67
6$
**31
4,49
0,85
0$
12,9
03,8
26$
**A
s re
stat
ed
Gov
ernm
enta
l Act
iviti
esB
usin
ess-
Type
Act
ivite
sTo
tals
City
of R
ome
Net
Pos
ition
(Fin
anci
al P
ositi
on)
City
of R
ome,
Geo
rgia
MA
NA
GE
ME
NT
’S D
ISC
USS
ION
AN
D A
NA
LY
SIS
D
ecem
ber
31, 2
018
9
With
the
impl
emen
tatio
n of
GA
SB 6
3, c
erta
in a
sset
s an
d lia
bilit
ies
have
bee
n re
clas
sifie
d to
def
erre
d ou
tflow
s an
d in
flow
s of
res
ourc
es.
For
2018
the
defe
rred
ou
tflow
s re
pres
ent
defe
rred
cha
rges
for
bon
d re
fund
ing,
pen
sion
, an
d O
PEB
cal
cula
tions
. Th
e de
ferr
ed i
nflo
ws
repr
esen
t th
e ch
ange
in
the
fair
valu
e of
a d
eriv
ativ
e in
stru
men
t and
pen
sion
pla
n ch
ange
s. T
he o
vera
ll as
sets
of
the
City
incr
ease
d a
mod
erat
e $8
,580
,606
. C
urre
nt a
sset
s in
crea
sed
in c
ash
mai
nly
unde
r th
e B
usin
ess
Act
iviti
es in
the
Wat
er a
nd S
ewer
Fu
nd. C
apita
l ass
ets
rem
aine
d co
nsta
nt o
vera
ll w
ith a
n in
crea
se in
Gov
ernm
enta
l Act
iviti
es b
ut a
dec
reas
e in
Bus
ines
s A
ctiv
ities
. D
efer
red
Out
flow
s in
crea
sed
$4,7
03,1
70
due
to th
e in
crea
se o
f pen
sion
and
OPE
B re
late
d ite
ms.
Long
term
liab
ilitie
s in
crea
sed
$11,
921,
130
whi
ch in
clud
ed a
dec
reas
e fo
r nor
mal
deb
t pay
men
ts b
ut a
lso
incl
uded
an
add
ition
for t
he li
abili
ty fo
r the
OPE
B o
f $17
,366
,694
and
a li
abili
ty fo
r tw
o TA
D n
otes
of $
4,87
8,26
5. O
vera
ll lia
bilit
ies i
ncre
ased
$12
,549
,596
. N
et in
vest
men
t in
capi
tal a
sset
s inc
reas
ed $
9,32
4,22
8 or
3.2
%, r
efle
ctin
g th
e no
rmal
pay
men
t of d
ebt a
nd d
epre
ciat
ion.
Incr
ease
s wer
e m
ainl
y in
the
Gov
ernm
enta
l A
ctiv
ities
with
the
addi
tion
of sc
hool
bui
ldin
g as
sets
, and
the
larg
e re
nova
tion
of th
e C
arne
gie
Gov
ernm
ent B
uild
ing.
O
vera
ll th
e C
ity’s
Net
Pos
ition
inc
reas
ed $
12,9
03,8
26 f
rom
201
7.
This
was
due
to
stro
ng i
ncre
ases
in
net p
ositi
on i
n bo
th G
over
nmen
tal
Act
iviti
es a
nd t
he
Bus
ines
s Typ
e A
ctiv
ities
.
Inve
stm
ent i
n ca
pita
l ass
ets
is th
e la
rges
t com
pone
nt o
f to
tal n
et p
ositi
on w
ith 1
01%
of g
over
nmen
tal n
et p
ositi
on a
nd 8
3.8%
of b
usin
ess
type
net
pos
ition
. The
la
rges
t co
mpo
nent
of
the
rest
ricte
d po
rtion
of
net
posi
tion
is r
estri
cted
ass
ets
held
for
deb
t se
rvic
e an
d ca
pita
l im
prov
emen
ts. T
he R
estri
cted
por
tion
of N
et P
ositi
on
incr
ease
d sl
ight
ly fr
om 2
017
with
an
incr
ease
mai
nly
in th
e re
stric
ted
SPLO
ST c
apita
l. N
eith
er o
f the
se c
ompo
nent
s of n
et p
ositi
on, h
owev
er, r
epre
sent
s ava
ilabl
e re
sour
ces
for t
he C
ity’s
ope
ratio
n, b
ut a
n in
vest
men
t to
prov
ide
serv
ices
to c
itize
ns.
Th
e un
rest
ricte
d po
rtion
of n
et p
ositi
on is
$11
,684
,738
, whi
ch is
ava
ilabl
e fo
r fut
ure
spen
ding
. U
nres
trict
ed N
et P
ositi
on in
Gov
ernm
enta
l Act
iviti
es s
hifte
d to
a
nega
tive
posi
tion
with
the
impl
emen
tatio
n of
GA
SB 7
5 w
hich
acc
rued
and
pos
ted
the
entir
e O
PEB
liab
ility
. The
Unr
estri
cted
Net
Pos
ition
in B
usin
ess
Act
iviti
es h
ad a
n in
crea
se o
f $4,
389,
470.
It
is e
xpec
ted
that
this
will
impr
ove
as to
tal n
et p
ositi
on in
crea
ses i
n th
e fu
ture
.
City
of R
ome,
Geo
rgia
MA
NA
GE
ME
NT
’S D
ISC
USS
ION
AN
D A
NA
LY
SIS
D
ecem
ber
31, 2
018
10
Th
e fo
llow
ing
cond
ense
d fin
anci
al in
form
atio
n w
as ta
ken
from
the
Gov
ernm
ent-w
ide
Stat
emen
t of A
ctiv
ities
and
refle
cts h
ow th
e C
ity o
f Rom
e’s n
et p
ositi
on
chan
ged
durin
g th
e fis
cal y
ear:
2018
2017
2018
2017
2018
2017
Var
ianc
eRe
venu
es:
Prog
ram
Rev
enue
sCh
arge
s fo
r ser
vice
s3,
440,
626
$
3,
697,
104
$
40
,626
,143
$
39
,668
,818
$
44
,066
,769
$
43
,365
,922
$
70
0,84
7$
O
pera
ting
Gran
ts &
Con
tribu
tions
663,
373
1,08
8,93
8
945,
068
968,
624
1,60
8,44
1
2,05
7,56
2
(449
,121
)
Ca
pita
l Gra
nts
& C
ontri
butio
ns13
,282
,889
6,
751,
756
1,
465,
069
1,
133,
173
14
,747
,958
7,
884,
929
6,
863,
029
Gene
ral R
even
ues
Prop
erty
Tax
es13
,465
,901
13
,054
,770
-
-
13
,465
,901
13
,054
,770
41
1,13
1
Sa
les
Taxe
s5,
963,
215
5,
674,
565
-
-
5,
963,
215
5,
674,
565
28
8,65
0
O
ther
Tax
es8,
892,
044
8,
800,
701
-
-
8,
892,
044
8,
800,
701
91
,343
M
isce
llane
ous
2,05
9,81
9
1,17
2,77
0
608,
532
321,
191
2,66
8,35
1
1,49
3,96
1
1,17
4,39
0
Tota
l Rev
enue
s47
,767
,867
$
40
,240
,604
$
43
,644
,812
$
42
,091
,806
$
91
,412
,679
$
82
,332
,410
$
9,
080,
269
$
Gov
ernm
enta
l Act
iviti
esB
usin
ess
Type
Act
iviti
esTo
tal
City
of R
ome
Cha
nges
in N
et P
ositi
on
City
of R
ome,
Geo
rgia
MA
NA
GE
ME
NT
’S D
ISC
USS
ION
AN
D A
NA
LY
SIS
D
ecem
ber
31, 2
018
11
2018
2017
2018
2017
2018
2017
Var
ianc
eEx
pens
es:
Gene
ral G
over
nmen
t11
,044
,380
$
7,
349,
039
$
-$
-$
11,0
44,3
80$
7,34
9,03
9$
3,
695,
341
$
Publ
ic S
afet
y7,
967,
577
7,98
8,36
8
-
-
7,
967,
577
7,98
8,36
8
(2
0,79
1)
Publ
ic W
orks
6,42
1,86
2
4,
208,
342
-
-
6,42
1,86
2
4,
208,
342
2,21
3,52
0
Pu
blic
Fac
ilitie
s1,
592,
745
1,50
8,41
2
-
-
1,
592,
745
1,50
8,41
2
84
,333
Pu
blic
Ser
vice
s50
9,55
1
528,
459
-
-
50
9,55
1
528,
459
(1
8,90
8)
Com
mun
ity D
evel
opm
ent
6,04
2,45
1
1,
304,
313
-
-
6,04
2,45
1
1,
304,
313
4,73
8,13
8
Ed
ucat
ion
1,91
9,29
1
1,
721,
790
-
-
1,91
9,29
1
1,
721,
790
197,
501
In
tere
st o
n D
ebt
517,
391
45
4,41
4
-
-
517,
391
45
4,41
4
62,9
77
Wat
er a
nd S
ewer
-
-
17,4
27,0
52
17,6
20,2
91
17,4
27,0
52
17,6
20,2
91
(193
,239
)
Fi
re-
-
11
,302
,219
11
,294
,830
11
,302
,219
11
,294
,830
7,
389
Solid
Was
te C
omm
issi
on-
-
2,
790,
865
2,28
6,87
2
2,
790,
865
2,28
6,87
2
50
3,99
3
Tran
sit
-
-
4,03
3,76
1
3,
844,
410
4,03
3,76
1
3,
844,
410
189,
351
Bu
ildin
g In
spec
tion
-
-
757,
724
75
8,68
7
757,
724
75
8,68
7
(963
)
Solid
Was
te M
anag
emen
t-
-
3,
598,
947
3,55
7,40
6
3,
598,
947
3,55
7,40
6
41
,541
M
unic
ipal
Gol
f-
-
1,
195,
708
1,24
9,62
0
1,
195,
708
1,24
9,62
0
(5
3,91
2)
Publ
ic F
acili
ties
-
-
329,
746
33
1,76
8
329,
746
33
1,76
8
(2,0
22)
Tenn
is C
ente
r1,
057,
583
1,07
2,56
9
-
-
-
To
tal E
xpen
ses
36,0
15,2
48
25,0
63,1
37
42,4
93,6
05
42,0
16,4
53
77,4
51,2
70
66,0
07,0
21
11,4
44,2
49
Incr
ease
(dec
reas
e) in
net
posi
tion
befo
re tr
ansf
ers
11,7
52,6
19
15,1
77,4
67
1,15
1,20
7
75
,353
12,9
03,8
26
15,2
52,8
20
(2,3
48,9
94)
Tran
sfer
s(5
,256
,431
)
(5
,853
,945
)
5,
256,
431
5,85
3,94
5
-
-
-
Chan
ge in
Net
Pos
ition
6,49
6,18
8
9,
323,
522
6,40
7,63
8
5,
929,
298
12,9
03,8
26
15,2
52,8
20
(2,3
48,9
94)
Begi
nnin
g N
et P
ositi
on *
*13
3,07
7,20
9
137,
633,
961
18
1,41
3,64
1
175,
484,
343
* *
314,
490,
850
31
3,11
8,30
4
1,37
2,54
6
bef
ore
Rest
atem
ent
Rest
atem
ent
-
(13,
880,
274)
-
-
-
(1
3,88
0,27
4)
13,8
80,2
74
Endi
ng N
et P
ositi
on13
9,57
3,39
7$
133,
077,
209
$
18
7,82
1,27
9$
181,
413,
641
$
32
7,39
4,67
6$
314,
490,
850
$
12
,903
,826
** A
s re
stat
ed
Gov
ernm
enta
l Act
iviti
esB
usin
ess
Type
Act
iviti
esTo
tal
City
of R
ome,
Geo
rgia
MA
NA
GE
ME
NT
’S D
ISC
USS
ION
AN
D A
NA
LY
SIS
D
ecem
ber
31, 2
018
12
FIN
AN
CIA
L A
NA
LY
SIS
OF
TH
E C
ITY
’S P
OSI
TIO
N A
ND
OPE
RA
TIO
NS
- con
tinue
d
The
City
’s o
vera
ll re
venu
es in
crea
sed
$9,0
80,2
69 o
r 11%
from
201
7. M
ost o
f thi
s in
crea
se w
as in
the
Gov
ernm
enta
l Act
iviti
es O
pera
ting
and
Cap
ital G
rant
s an
d C
ontri
butio
ns a
nd is
rela
ted
to a
n in
crea
se in
ELO
ST p
roce
eds f
or sc
hool
con
stru
ctio
n an
d an
incr
ease
in S
PLO
ST c
olle
ctio
ns.
P
rope
rty T
axes
had
a m
odes
t inc
reas
e, a
ttrib
utab
le m
ainl
y to
a h
ighe
r th
an a
ntic
ipat
ed c
olle
ctio
n ra
te f
or 2
018.
Sa
les
Tax
reve
nues
had
a m
odes
t inc
reas
e fo
r 20
18. M
isce
llane
ous
reve
nues
had
a m
oder
ate
incr
ease
with
mos
t of t
hat c
omin
g fr
om a
n in
crea
se in
ove
rall
inte
rest
ear
ning
s. O
ther
reve
nue
sour
ces,
as p
revi
ousl
y no
ted,
ha
d m
odes
t inc
reas
es o
r hav
e re
mai
ned
flat d
urin
g 20
18.
O
n th
e G
over
nmen
tal A
ctiv
ities
exp
ense
sid
e, m
ost e
xpen
se c
ateg
orie
s w
ere
clos
e to
201
7 nu
mbe
rs. G
ener
al G
over
nmen
t was
up
due
to a
n in
crea
se in
sch
ool
build
ing
cons
truct
ion.
Pub
lic W
orks
was
up
due
to a
n ad
just
men
t for
201
7. C
omm
unity
Dev
elop
men
t was
up
due
to h
ousi
ng e
xpen
ses a
nd th
e ex
ecut
ion
of tw
o TA
D n
otes
.
In t
he B
usin
ess
Act
iviti
es, W
ater
and
Sew
er, F
ire, a
nd S
olid
Was
te M
anag
emen
t ex
pens
es h
ad r
elat
ivel
y m
odes
t in
crea
ses
due
to n
orm
al e
xpen
se i
ncre
ases
.
Tran
sit w
as u
p du
e to
hig
her p
erso
nnel
cos
ts a
nd re
pair/
mai
nten
ance
cos
ts.
Solid
Was
te C
omm
issi
on e
xpen
ses a
re u
p sl
ight
ly o
ver 2
017
with
nor
mal
incr
ease
s in
clos
ure
and
post
-clo
sure
cos
ts.
Th
e Te
nnis
Cen
ter w
as ju
st sl
ight
ly b
elow
201
7 ex
pens
es.
Tr
ansf
ers b
etw
een
Gov
ernm
enta
l and
Bus
ines
s Act
iviti
es w
ere
right
at l
ast y
ear n
umbe
rs.
Th
is c
ombi
ned
mod
erat
e in
crea
se in
reve
nues
has
cre
ated
an
incr
ease
in n
et p
ositi
on o
f $6,
496,
188
for t
he G
over
nmen
tal A
ctiv
ities
for 2
018.
G
over
nmen
tal A
ctiv
ities
als
o ha
d a
rest
atem
ent o
f net
pos
ition
whi
ch d
ecre
ased
the
begi
nnin
g ba
lanc
e $1
3,88
0,27
4 du
e to
the
impl
emen
tatio
n of
GA
SB 7
5 w
hich
pos
ted
the
full
accr
ual f
or th
e O
PEB
liab
ility
.
Bus
ines
s Ty
pe A
ctiv
ities
end
ed th
e ye
ar w
ith a
$6,
407,
638
incr
ease
to n
et p
ositi
on w
ith th
at in
crea
se p
rimar
ily c
omin
g fr
om a
n ov
eral
l inc
reas
e in
cha
rges
for
se
rvic
es a
nd c
apita
l Gra
nts a
nd C
ontri
butio
ns.
T
he o
vera
ll ch
ange
in n
et p
ositi
on f
or th
e C
ity w
as $
12,9
03,8
26 w
hich
was
a s
mal
ler
incr
ease
than
201
7.
The
City
, in
2018
, was
enc
oura
ged
by a
hig
her
than
an
ticip
ated
tax
colle
ctio
n ra
te a
nd m
odes
t inc
reas
es in
reve
nue
sour
ces t
ied
to e
cono
mic
driv
ers s
uch
as in
tang
ible
taxe
s, sa
les t
axes
, and
real
est
ate
trans
fer t
axes
. A
lthou
gh
othe
r rev
enue
sour
ces h
ave
cont
inue
d to
be
rela
tivel
y fla
t, th
e m
odes
t inc
reas
e in
som
e re
venu
es is
enc
oura
ging
for f
utur
e gr
owth
.
The
City
has
con
tinue
d to
wor
k di
ligen
tly t
o m
inim
ize
expe
nses
for
201
8 w
ith m
ost
depa
rtmen
ts a
nd f
unds
at
or b
elow
bud
gete
d am
ount
s. T
his
cont
inue
d co
mbi
natio
n ha
s hel
ped
the
City
to c
ontin
ue to
live
with
in it
s fin
anci
al re
sour
ces f
or 2
018
and
gene
rate
a p
ositi
ve in
crea
se to
net
pos
ition
.
City
of R
ome,
Geo
rgia
MA
NA
GE
ME
NT
’S D
ISC
USS
ION
AN
D A
NA
LY
SIS
D
ecem
ber
31, 2
018
13
FIN
AN
CIA
L A
NA
LY
SIS
OF
TH
E C
ITY
’S P
OSI
TIO
N A
ND
OPE
RA
TIO
NS
– co
ntin
ued
Th
e fo
llow
ing
char
t dep
icts
the
allo
catio
n by
sour
ce o
f all
gove
rnm
enta
l act
iviti
es re
venu
e:
City
of R
ome,
Geo
rgia
MA
NA
GE
ME
NT
’S D
ISC
USS
ION
AN
D A
NA
LY
SIS
D
ecem
ber
31, 2
018
14
FIN
AN
CIA
L A
NA
LY
SIS
OF
TH
E C
ITY
’S P
OSI
TIO
N A
ND
OPE
RA
TIO
NS
– co
ntin
ued
Th
e fo
llow
ing
char
t dep
icts
the
com
paris
on o
f fun
ctio
nal e
xpen
ses a
nd p
rogr
am re
venu
es fo
r gov
ernm
enta
l act
iviti
es:
City
of R
ome,
Geo
rgia
MA
NA
GE
ME
NT
’S D
ISC
USS
ION
AN
D A
NA
LY
SIS
D
ecem
ber
31, 2
018
15
FIN
AN
CIA
L A
NA
LY
SIS
OF
TH
E C
ITY
’S P
OSI
TIO
N A
ND
OPE
RA
TIO
NS
- con
tinue
d
Bus
ines
s-ty
pe a
ctiv
ities
Cha
rges
for
Ser
vice
s ac
coun
t fo
r $4
0,62
6,14
3 or
93.
1% o
f to
tal
oper
atin
g re
venu
es.
Cap
ital
Gra
nt r
even
ues
mai
nly
incl
ude
DO
T re
imbu
rsem
ents
for
Tra
nsit
oper
atin
g an
d ca
pita
l pur
chas
es.
Tran
sfer
s in
of
$5,2
56,4
31 r
epre
sent
10.
7% o
f to
tal b
usin
ess-
type
rev
enue
s an
d tra
nsfe
rs.
This
am
ount
is
mai
nly
due
to G
ener
al F
und
mon
ies t
rans
ferr
ed to
the
Fire
Fun
d.
The
follo
win
g ch
art d
epic
ts th
e al
loca
tion
by so
urce
of a
ll bu
sine
ss-ty
pe re
venu
es:
City
of R
ome,
Geo
rgia
MA
NA
GE
ME
NT
’S D
ISC
USS
ION
AN
D A
NA
LY
SIS
D
ecem
ber
31, 2
018
16
FIN
AN
CIA
L A
NA
LY
SIS
OF
TH
E C
ITY
’S P
OSI
TIO
N A
ND
OPE
RA
TIO
NS
- con
tinue
d
The
follo
win
g ch
art d
epic
ts th
e co
mpa
rison
of b
usin
ess-
type
exp
ense
s and
pro
gram
reve
nues
of b
usin
ess-
type
act
iviti
es:
City
of R
ome,
Geo
rgia
MA
NA
GE
ME
NT
’S D
ISC
USS
ION
AN
D A
NA
LY
SIS
D
ecem
ber
31, 2
018
17
FIN
AN
CIA
L A
NA
LY
SIS
OF
TH
E C
ITY
’S F
UN
DS
A
s pre
viou
sly
disc
usse
d, th
e C
ity o
f Rom
e us
es fu
nd a
ccou
ntin
g to
ens
ure
and
dem
onst
rate
com
plia
nce
with
fina
nce-
rela
ted
lega
l req
uire
men
ts.
Gov
ernm
enta
l Fun
ds
A
s not
ed, t
he C
ity o
f Rom
e’s g
over
nmen
tal f
unds
’ foc
us is
to p
rovi
de in
form
atio
n on
shor
t ter
m in
flow
s and
out
flow
s and
bal
ance
s of e
xpen
dabl
e re
sour
ces.
Suc
h in
form
atio
n is
use
ful
in a
sses
sing
the
City
’s f
inan
cial
req
uire
men
ts.
In
parti
cula
r, un
rest
ricte
d an
d un
assi
gned
fun
d ba
lanc
e m
ay s
erve
as
a us
eful
mea
sure
of
a go
vern
men
t’s n
et r
esou
rces
ava
ilabl
e fo
r fu
ture
spe
ndin
g. A
t the
end
of
the
fisca
l yea
r 201
8 th
e C
ity’s
gov
ernm
enta
l fun
ds re
porte
d a
com
bine
d en
ding
fund
bal
ance
of
$35,
848,
668
whi
ch is
an
incr
ease
of $
3,34
4,25
8 fr
om 2
017
with
mos
t of t
his
incr
ease
occ
urrin
g in
the
Gen
eral
Fun
d. T
here
was
als
o a
larg
e in
crea
se in
the
SPLO
ST fu
nd
due
to th
e co
mpl
etio
n of
mos
t of
the
2013
SPL
OST
pro
ject
s. O
f th
is a
mou
nt $
19,3
32,4
11 is
unr
estri
cted
and
una
ssig
ned
whi
ch is
a s
ubst
antia
l inc
reas
e fr
om 2
017
and
dem
onst
rate
s a
cons
ciou
s gr
owth
for f
utur
e ne
eds
and
expe
nditu
res.
The
Gen
eral
Fun
d co
mpr
ises
all
of th
is u
nass
igne
d ba
lanc
e.
The
Gen
eral
Fun
d is
the
maj
or s
ourc
e of
se
rvic
e de
liver
y in
the
gove
rnm
enta
l fun
ds.
Gen
eral
Fun
d
The
Gen
eral
Fun
d is
the
City
’s p
rimar
y op
erat
ing
fund
. At
the
end
of 2
018
the
fund
bal
ance
of
the
Gen
eral
Fun
d w
as $
20,8
86,3
08 w
ith $
19,3
32,4
11 i
n th
e un
rest
ricte
d an
d un
assi
gned
por
tion
of f
und
bala
nce.
Thi
s fu
nd b
alan
ce a
mou
nt r
epre
sent
s 88
.2%
of
Gen
eral
Fun
d op
erat
ing
expe
nditu
res
whi
le t
otal
fun
d ba
lanc
e re
pres
ents
95%
of t
he sa
me
amou
nt.
Th
e no
nspe
ndab
le a
mou
nt o
f fun
d ba
lanc
e of
$74
5,32
5 re
pres
ents
amou
nts
held
in in
vent
orie
s, pr
epai
ds, a
nd th
e ad
vanc
e fr
om th
e C
apita
l Fun
d. T
he R
estri
cted
am
ount
of $
808,
572
is re
stric
ted
for C
emet
ery
mai
nten
ance
.
The
Gen
eral
Fun
d’s f
und
bala
nce
incr
ease
d by
$1,
733,
790
in 2
017.
Alth
ough
man
y re
venu
e so
urce
s wer
e ab
out t
he sa
me
in 2
018,
cur
rent
yea
r tax
es w
ere
up o
ver
2017
. T
his
was
due
to a
hig
her t
han
antic
ipat
ed c
urre
nt y
ear c
olle
ctio
n ra
te.
Sale
s Ta
x re
venu
es w
ere
also
up
com
pare
d to
201
7 so
me
4.8%
. Titl
e Ta
x in
crea
sed
$165
,721
an
d th
e G
eorg
ia P
ower
fra
nchi
se f
ee in
crea
sed
for
the
first
tim
e in
sev
eral
yea
rs. R
even
ues
up in
201
8 in
clud
ed in
tang
ible
taxe
s, in
sura
nce
prem
ium
tax
and
busi
ness
lic
ense
s—bo
th e
ncou
ragi
ng e
cono
mic
ind
icat
ors
of g
row
th.
On
the
expe
nse
side
, op
erat
ing
expe
nses
wer
e un
der
budg
et b
y ap
prox
imat
ely
$145
,000
but
due
to
the
reno
vatio
n co
sts f
or th
e C
arne
gie
Bui
ldin
g, to
tal e
xpen
ses w
ere
over
bud
get.
How
ever
the
incr
ease
s in
reve
nues
wer
e hi
gher
and
gen
erat
ed th
e in
crea
se to
net
pos
ition
.
Cap
ital F
und
In
2018
the
Cap
ital F
und
had
an in
crea
se to
fun
d ba
lanc
e of
$39
0,37
3.
This
incr
ease
was
due
mai
nly
to a
n in
crea
se in
the
allo
catio
n of
the
stat
e gr
ant r
even
ue
Loca
l Mai
nten
ance
Impr
ovem
ent G
rant
. Ta
x A
lloca
tion
Dis
tric
t Fun
d
The
Tax
Allo
catio
n D
istri
ct F
und
had
an in
crea
se in
fund
bal
ance
of $
158,
806
due
to a
n in
crea
se in
taxe
s ge
nera
ted
and
less
than
bud
gete
d ex
pens
es.
Ther
e w
as a
la
rge
reve
nue
and
offs
et e
xpen
se fo
r the
fund
as t
he T
AD
One
not
es w
ere
exec
uted
. Pl
anni
ng C
omm
issi
on F
und
Th
e Pl
anni
ng C
omm
issi
on fu
nd h
ad a
dec
reas
e to
fund
bal
ance
of $
54,2
74.
This
was
a b
udge
ted
decr
ease
due
to a
con
sulta
nt st
udy
fund
ed in
the
prio
r yea
r.
City
of R
ome,
Geo
rgia
MA
NA
GE
ME
NT
’S D
ISC
USS
ION
AN
D A
NA
LY
SIS
D
ecem
ber
31, 2
018
18
FIN
AN
CIA
L A
NA
LY
SIS
OF
TH
E C
ITY
’S F
UN
DS-
Con
tinue
d SP
LOST
Fun
d
The
SPLO
ST fu
nd h
ad a
n in
crea
se in
fund
bal
ance
of $
769,
358
due
to th
e co
mpl
etio
n of
mos
t of t
he 2
013
SPLO
ST p
roje
cts.
Com
mun
ity D
evel
opm
ent F
und
T
he C
omm
unity
Dev
elop
men
t fun
d ha
d an
incr
ease
in f
und
bala
nce
of $
128,
829
due
to th
e re
ceip
t of
reve
nues
fro
m th
e sa
le o
f th
e H
omeb
uild
hou
ses.
The
se
mon
ies w
ill b
e av
aila
ble
for o
ther
loan
s or h
ousi
ng in
itiat
ives
. Pr
opri
etar
y F
unds
Th
e C
ity o
f R
ome’
s pr
oprie
tary
fun
ds p
rovi
de t
he s
ame
type
of
info
rmat
ion
foun
d in
the
gov
ernm
ent-w
ide
finan
cial
sta
tem
ents
, but
with
mor
e de
tail.
To
tal
Ente
rpris
e Fu
nds s
how
ed a
com
bine
d ne
t pos
ition
of $
185,
163,
418
at y
ear e
nd w
ith th
e W
ater
and
Sew
er F
und
com
pris
ing
$150
,021
,888
or 8
1.02
% o
f tha
t tot
al.
The
Wat
er a
nd S
ewer
Fun
d ha
d an
incr
ease
of $
5,13
2,77
5 in
net
pos
ition
for f
isca
l yea
r 201
8. T
his
incr
ease
was
due
to a
n in
crea
se in
ope
ratin
g re
venu
es, m
ainl
y in
sew
er re
venu
es a
nd le
ss th
an b
udge
ted
capi
tal e
xpen
ses.
The
Wat
er a
nd S
ewer
Fun
d al
so h
ad a
bon
d co
vera
ge ra
tio o
f 2.3
for 2
018,
whi
ch is
wel
l abo
ve th
e co
vena
nt
requ
irem
ent o
f 1.2
. Th
is in
crea
se w
as a
ntic
ipat
ed d
ue to
the
incr
ease
in re
venu
es.
The
Fire
Fun
d ha
d an
incr
ease
in n
et p
ositi
on o
f $71
,183
. Th
e fu
nd re
ceiv
ed m
ore
mis
cella
neou
s rev
enue
than
ant
icip
ated
and
was
slig
htly
und
er b
udge
t in
over
all
expe
nses
. The
Solid
Was
te C
omm
issi
on F
und
had
an in
crea
se in
net
pos
ition
of
$557
,875
due
to a
dditi
onal
ope
ratin
g re
venu
e.
The
fund
als
o ha
d a
larg
er th
an b
udge
ted
trans
fer t
o th
e R
ecyc
ling
cent
er.
The
Bui
ldin
g In
spec
tion
Fund
had
an
incr
ease
to n
et p
ositi
on o
f $2
44,5
90.
This
was
due
to a
n in
crea
se in
ove
rall
perm
it re
venu
e w
ith s
ever
al la
rge
build
ing
proj
ects
fina
lly u
nder
way
with
con
stru
ctio
n. T
he fu
nd h
ad b
udge
ted
a us
e of
net
pos
ition
of $
10,0
00 so
this
incr
ease
is a
pos
itive
swin
g of
ove
r $25
4,00
0.
The
Mun
icip
al G
olf F
und
had
an in
crea
se in
net
pos
ition
of $
345,
684.
Thi
s was
due
to a
n in
crea
se in
the
trans
fer f
rom
the
Gen
eral
Fun
d.
The
Tenn
is C
ente
r Fun
d ha
d a
decr
ease
to n
et p
ositi
on o
f $31
1,75
5. T
his w
as m
ainl
y du
e to
dep
reci
atio
n ex
pens
e an
d th
e de
ficit
at th
e D
ownt
own
Tenn
is C
ente
r.
City
of R
ome,
Geo
rgia
MA
NA
GE
ME
NT
’S D
ISC
USS
ION
AN
D A
NA
LY
SIS
D
ecem
ber
31, 2
018
19
GE
NE
RA
L F
UN
D B
UD
GE
T H
IGH
LIG
HT
S
Th
e or
igin
al b
udge
t fo
r th
e G
ener
al F
und
was
am
ende
d w
ith c
omm
issi
on a
ppro
val
afte
r th
e be
ginn
ing
of t
he f
isca
l ye
ar w
ith a
n en
ded
appr
oved
am
ount
of
$1,6
48,2
80 m
ore
in o
pera
ting
expe
nses
and
tran
sfer
s. T
his
incr
ease
was
mai
nly
due
to th
e co
nsol
idat
ion
of th
ree
sepa
rate
spe
cial
reve
nue
fund
s th
at a
re c
olla
psed
into
the
Gen
eral
fun
d an
d th
e re
nova
tion
cost
s at
the
Car
negi
e B
uild
ing.
The
Gen
eral
fun
d al
so m
akes
the
ent
ire r
etire
men
t co
ntrib
utio
n fo
r th
e C
ity. A
lso
expe
nsed
fro
m t
he
Gen
eral
Fun
d is
the
net e
ffec
t of t
he re
tiree
s O
PEB
cos
ts.
The
City
end
ed th
e ye
ar w
ith m
ore
in re
venu
es th
an b
udge
t and
slig
htly
und
er in
ope
ratin
g ex
pend
iture
s fo
r an
incr
ease
to f
und
bala
nce
of $
1,73
3,79
0.
The
re w
ere
chan
ges
to th
e or
igin
al b
udge
t due
to th
e re
tirem
ent a
nd O
PEB
pay
men
ts, a
nd th
e C
ity’s
por
tion
of th
e re
nova
tion
expe
nses
at t
he C
arne
gie
Bui
ldin
g.
The
follo
win
g ar
e hi
ghlig
hted
bud
geta
ry c
hang
es fr
om th
e or
igin
al to
fina
l bud
gets
:
P
rior Y
ear P
rope
rty T
axes
and
Tag
Titl
e Fe
es w
ere
incr
ease
d to
mor
e ac
cura
tely
ref
lect
pro
ject
ed in
crea
ses
in re
ceip
ts, a
nd a
ctua
l num
bers
did
exc
eed
thos
e ex
pect
atio
ns.
Ren
t rev
enue
was
incr
ease
d to
cov
er th
e co
nsol
idat
ion
of th
e sp
ecia
l rev
enue
fund
s.
Tran
sfer
s in
fro
m o
ther
fun
ds r
even
ues
wer
e ad
just
ed to
ref
lect
the
re-a
lloca
tion
of r
etire
men
t and
OPE
B h
ealth
cos
ts f
rom
the
Bus
ines
s Ty
pe A
ctiv
ity
fund
s.
The
Geo
rgia
Pow
er fr
anch
ise
fee
was
dec
reas
ed to
refle
ct a
ctua
l rec
eipt
s.
Com
mis
sion
was
incr
ease
d du
e to
add
ition
al tr
aini
ng c
osts
.
City
Man
ager
Off
ice
was
incr
ease
d fo
r add
ition
al p
ayro
ll ex
pens
es.
G
ener
al A
dmin
istra
tion
was
adj
uste
d to
acc
ount
for t
he e
xpen
ses f
or re
tirem
ent,
OPE
B c
osts
, and
lega
l fee
s.
Publ
ic W
orks
was
incr
ease
d to
acc
ount
for a
dditi
onal
pay
roll
expe
nses
due
to a
retir
emen
t.
Com
mun
ity D
evel
opm
ent e
xpen
ses w
ere
incr
ease
d to
acc
omm
odat
e th
e co
nsol
idat
ion
of th
e sp
ecia
l rev
enue
fund
s.
Publ
ic F
acili
ties w
ere
incr
ease
d du
e to
the
repa
ir/m
aint
enan
ce o
f sev
eral
HV
AC
uni
ts.
B
udge
t was
add
ed fo
r ren
ovat
ion
cost
s for
the
Car
negi
e B
uild
ing.
Bud
get t
o ac
tual
Var
ianc
es w
ithin
the
Gen
eral
fund
occ
ur d
ue to
unf
ores
een
reve
nue
or e
xpen
ditu
res.
Sig
nific
ant v
aria
nces
for 2
018
incl
ude:
Pr
ior Y
ear a
nd C
urre
nt Y
ear T
ax re
venu
es w
ere
over
bud
get d
ue to
incr
ease
d co
llect
ions
.
Title
Tax
Fee
reve
nue
incr
ease
d fr
om p
rior y
ear a
nd si
gnifi
cant
ly a
bove
ant
icip
ated
bud
get.
Fr
anch
ise
fee
reve
nue
for G
eorg
ia P
ower
was
slig
htly
bel
ow a
ntic
ipat
ed c
olle
ctio
ns.
In
sura
nce
Prem
ium
Tax
was
sign
ifica
ntly
up
over
ant
icip
ated
bud
get.
Po
lice
fines
and
fees
wer
e si
gnifi
cant
ly u
nder
bud
gete
d am
ount
s due
to d
ecre
ase
in c
olle
ctio
n of
fine
s.
Cha
rges
for S
ervi
ces i
nclu
de re
venu
es fo
r Par
king
incl
uded
in th
e co
nsol
idat
ion
of th
e sp
ecia
l rev
enue
fund
s.
Polic
e D
epar
tmen
t end
ed th
e ye
ar w
ith e
xpen
ditu
res u
nder
bud
get b
y $7
0,40
1.
To
tal P
ublic
Wor
ks e
xpen
ditu
res w
ere
unde
r bud
get b
y $3
00,0
00.
Tr
ansf
ers i
n w
ere
up o
ver b
udge
t due
to e
nd o
f yea
r OPE
B a
nd R
etire
men
t allo
catio
ns.
City
of R
ome,
Geo
rgia
MA
NA
GE
ME
NT
’S D
ISC
USS
ION
AN
D A
NA
LY
SIS
D
ecem
ber
31, 2
018
20
G
ener
al F
und
oper
atin
g ex
pend
iture
s an
d tra
nsfe
rs e
nded
the
year
und
er fi
nal b
udge
t num
bers
by
som
e $1
,129
,137
. T
his
was
one
of t
he c
ontri
butin
g fa
ctor
s th
at th
e fu
nd e
nded
the
year
with
an
incr
ease
to fu
nd b
alan
ce o
f $1,
733,
790.
C
API
TA
L A
SSE
TS
AN
D D
EB
T A
DM
INIS
TR
AT
ION
C
apita
l Ass
ets
Th
e C
ity o
f R
ome
has
inve
sted
$29
9,19
6,94
7 in
cap
ital
asse
ts n
et o
f de
bt,
with
$14
1,66
0,95
8 in
gov
ernm
enta
l ac
tiviti
es a
nd $
157,
535,
989
in b
usin
ess-
type
ac
tiviti
es.
Cap
ital
asse
ts f
or t
hat
calc
ulat
ion
incl
ude
mac
hine
ry a
nd e
quip
men
t, bu
ildin
gs, l
and,
and
inf
rast
ruct
ure.
Th
e 20
18 A
ctiv
ity i
nclu
des
the
trans
fer
of s
ever
al
com
plet
ed S
choo
l Bui
ldin
gs to
Gov
ernm
enta
l Act
iviti
es.
C
apita
l ass
ets h
eld
by th
e C
ity a
t the
end
of t
he c
urre
nt fi
scal
yea
r are
sum
mar
ized
as f
ollo
ws:
2018
2017
2018
2017
2018
2017
Land
12
,839
,340
$
12
,558
,019
$
8,
142,
862
$
8,
081,
487
$
20
,982
,202
$
20
,639
,506
$
Co
nstru
ctio
n in
Pro
gres
s8,
267,
341
8,
623,
537
1,
335,
288
25
5,21
4
9,
602,
629
8,
878,
751
Bu
ildin
gs12
1,94
1,22
3
12
5,65
2,90
2
11
5,88
6,25
4
11
5,84
4,25
4
23
7,82
7,47
7
24
1,49
7,15
6
Im
prov
emen
ts o
ther
than
bui
ldin
gs14
,013
,947
6,
020,
507
24
,833
,895
24
,599
,710
38
,847
,842
30
,620
,217
M
achi
nery
& E
quip
men
t7,
481,
145
6,
770,
508
17
,790
,249
17
,292
,731
25
,271
,394
24
,063
,239
Ve
hicl
es5,
841,
903
5,
806,
534
24
,365
,276
22
,971
,909
30
,207
,179
28
,778
,443
In
frast
ruct
ure
137,
845,
269
135,
503,
453
158,
250,
786
156,
193,
552
296,
096,
055
291,
697,
005
Tot
al
308,
230,
168
300,
935,
460
350,
604,
610
345,
238,
857
658,
834,
778
646,
174,
317
Acc
umul
ated
dep
reci
atio
n(1
55,9
67,0
62)
(1
52,4
52,8
14)
(1
68,7
37,6
70)
(1
59,8
16,2
52)
(3
24,7
04,7
32)
(3
12,2
69,0
66)
Net
Cap
ital A
sset
s15
2,26
3,10
6$
14
8,48
2,64
6$
18
1,86
6,94
0$
18
5,42
2,60
5$
33
4,13
0,04
6$
33
3,90
5,25
1$
City
of R
ome
Cap
ital A
sset
s (n
et o
f dep
reci
atio
n)as
of D
ecem
ber
31, 2
018
Gov
ernm
enta
l Act
iviti
esB
usin
ess-
Type
Act
iviti
esTo
tal
City
of R
ome,
Geo
rgia
MA
NA
GE
ME
NT
’S D
ISC
USS
ION
AN
D A
NA
LY
SIS
D
ecem
ber
31, 2
018
21
CA
PIT
AL
ASS
ET
S A
ND
DE
BT
AD
MIN
IST
RA
TIO
N -
cont
inue
d
Maj
or c
apita
l ass
et a
dditi
ons d
urin
g th
e cu
rren
t yea
r for
gov
ernm
enta
l act
iviti
es in
clud
ed th
e fo
llow
ing:
C
arne
gie
Bui
ldin
g Im
prov
emen
ts o
f $92
6,03
8
Bur
nett
Ferr
y R
oad
Impr
ovem
ents
of $
801,
569
St
reet
Impr
ovem
ents
of $
823,
591
Si
dew
alk
Impr
ovem
ents
of $
254,
066
Tr
ail I
mpr
ovem
ents
of $
274,
452
Po
lice
Softw
are
purc
hase
of $
224,
632
C
ity C
lock
tow
er Im
prov
emen
ts o
f $21
0,42
8
M
ajor
cap
ital a
sset
add
ition
s dur
ing
the
curr
ent f
isca
l yea
r for
bus
ines
s-ty
pe a
ctiv
ities
incl
uded
the
follo
win
g:
Fire
Cap
ital E
quip
men
t Im
prov
emen
ts o
f $71
1,93
0
Mt.
Alto
Wat
er P
roje
ct o
f $54
7,60
0
Wat
er T
reat
men
t Pla
nt D
iges
ter C
over
, $30
7,76
0
Wat
er B
ypas
s Pum
p, $
288,
271
So
lid W
aste
Equ
ipm
ent p
urch
ases
of $
155,
847
W
ater
Ste
el T
ank
Impr
ovem
ents
of $
130,
312
A
dditi
onal
info
rmat
ion
on th
e C
ity o
f Rom
e’s C
apita
l ass
ets c
an b
e fo
und
in N
ote
III-
(C) o
n pa
ges 5
6-60
.
City
of R
ome,
Geo
rgia
MA
NA
GE
ME
NT
’S D
ISC
USS
ION
AN
D A
NA
LY
SIS
D
ecem
ber
31, 2
018
22
Long
-term
Deb
t
At D
ecem
ber 3
1, 2
018
the
City
of R
ome
had
$40,
595,
618
in b
onds
, cap
ital l
ease
s, in
terg
over
nmen
tal a
gree
men
ts a
nd n
otes
pay
able
. Thi
s is
a $
4,80
8,81
6 de
crea
se
from
201
7 an
d re
flect
s no
rmal
ann
ual d
ebt s
ervi
ce p
aym
ents
and
the
addi
tion
of th
e $4
,878
,265
TA
D n
otes
pay
able
. C
ompe
nsat
ed a
bsen
ces
nor L
andf
ill c
losu
re o
r pos
t-cl
osur
e de
bt h
ave
been
incl
uded
in th
ese
calc
ulat
ions
.
Th
e C
ity c
urre
ntly
mai
ntai
ns a
n A
a2 o
n its
Inte
rgov
ernm
enta
l Agr
eem
ent b
onds
and
A+
and
Aa3
on
its W
ater
and
Sew
er b
onds
. A
dditi
onal
info
rmat
ion
on th
e C
ity’s
long
-term
deb
t can
be
foun
d in
Not
e II
I-(E
) on
page
s 64-
72 o
f thi
s rep
ort.
EC
ON
OM
IC F
AC
TO
RS
AN
D N
EXT
YE
AR
’S B
UD
GE
T
R
even
ue s
ourc
e co
llect
ions
dur
ing
the
2018
fis
cal y
ear
have
had
an
uptic
k.
The
City
had
bet
ter
than
ant
icip
ated
rev
enue
s in
pro
perty
tax
colle
ctio
ns a
nd o
ther
re
venu
e so
urce
s su
ch a
s in
tang
ible
taxe
s, bu
sine
ss li
cens
es, t
itle
tax
fees
, and
real
est
ate
trans
fer t
axes
. O
ther
reve
nues
suc
h as
mot
or v
ehic
le a
nd P
olic
e fin
es c
ontin
ued
thei
r dec
line.
Lo
cal o
ptio
n sa
les
tax
reve
nues
wer
e up
in 2
018
as w
ell.
Insu
ranc
e Pr
emiu
m T
ax w
as s
igni
fican
tly u
p an
d th
e G
eorg
ia P
ower
fran
chis
e fe
e ha
d th
e fir
st
incr
ease
in s
ever
al y
ears
. The
re a
re a
reas
that
do
seem
to b
e on
an
upw
ard
trend
, but
the
City
is s
till d
ealin
g w
ith m
any
reve
nue
sour
ces
that
are
stil
l dec
linin
g or
at b
est
flat.
The
gre
ates
t cha
lleng
e fo
r the
City
for t
he n
ext f
isca
l yea
r is
to tr
y to
adj
ust e
xpen
ditu
res
to li
ve w
ithin
this
pro
ject
ed u
p an
d do
wn
reve
nues
, whi
le tr
ying
to a
sses
s w
heth
er th
ese
mod
est i
ncre
ases
do
indi
cate
a p
ossi
ble
upsw
ing
in th
e ec
onom
y.
The
tax
dige
st, a
fter t
akin
g su
bsta
ntia
l dec
reas
es fo
r sev
eral
yea
rs, h
as in
crea
sed
in th
e la
st
coup
le o
f yea
rs, b
ut s
till i
s no
t inc
reas
ing
at a
pac
e to
kee
p up
with
exp
ense
s. N
ew le
gisl
atio
n pe
ndin
g in
201
9 w
ill a
gain
cha
nge
the
dist
ribut
ion
of th
e TA
VT
tax
and
the
impa
ct o
f tha
t is
still
unk
now
n. T
he m
odes
t inc
reas
e in
sal
es ta
xes
is e
ncou
ragi
ng a
nd a
pot
entia
l col
lect
ion
of s
ales
taxe
s on
on-
line
sale
s co
ntin
ues
to b
e an
unk
now
n.
Expe
nse
incr
ease
s co
ntin
ue to
be
a ch
alle
nge,
esp
ecia
lly in
the
pers
onne
l sec
tor a
s th
e C
ity c
ontin
ues
to s
trugg
le to
com
pete
aga
inst
the
priv
ate
sect
or fo
r em
ploy
ees.
All
of th
ese
fact
ors w
eigh
hea
vily
on
the
next
seve
ral f
isca
l yea
rs’ b
udge
ts.
Gov
ernm
enta
l B
usin
ess-
Type
Act
iviti
esA
ctiv
ities
Tota
lBo
nds
7,60
9,07
3$
22,9
86,9
72$
30
,596
,045
$
N
otes
Pay
able
4,87
8,26
5
2,05
3,60
5
6,93
1,87
0
In
terg
over
nmen
tal A
gree
men
t2,
920,
000
-
2,
920,
000
Capi
tal L
ease
s14
7,70
3
-
14
7,70
3
15,5
55,0
41$
25,0
40,5
77$
40
,595
,618
$
City
of R
ome
Out
stan
ding
Not
e an
d B
ond
Deb
tas
of D
ecem
ber
31, 2
018
City
of R
ome,
Geo
rgia
MA
NA
GE
ME
NT
’S D
ISC
USS
ION
AN
D A
NA
LY
SIS
D
ecem
ber
31, 2
018
23
EC
ON
OM
IC F
AC
TO
RS
AN
D N
EXT
YE
AR
’S B
UD
GE
T-c
ontin
ued
A
lso
of s
ome
conc
ern
is th
at b
ecau
se th
e C
ity w
as n
ot a
ble
to g
ive
com
petit
ive
pers
onne
l mer
it ra
ises
for s
ever
al y
ears
, the
City
has
bec
ome
vuln
erab
le to
loss
of
pers
onne
l bac
k to
the
priv
ate
sect
or a
s th
eir
econ
omic
con
ditio
ns im
prov
e.
This
is e
spec
ially
a c
once
rn in
the
Publ
ic S
afet
y ar
ea w
ith th
e co
ntin
ued
loss
of
Polic
e an
d Fi
rem
en.
How
ever
in th
e re
cent
yea
r, th
is lo
ss in
oth
er a
reas
suc
h as
CD
L dr
iver
s, an
d eq
uipm
ent o
pera
tors
has
als
o be
com
e a
fact
or. B
udge
tary
fact
ors
of c
once
rn a
s th
e 20
19 b
udge
ts w
ere
prep
ared
are
as f
ollo
ws:
C
ontin
ued
stag
natio
n an
d un
know
n pa
ram
eter
s in
man
y re
venu
e so
urce
s.
Con
tinue
d m
onito
ring
of v
acan
t per
sonn
el p
ositi
ons
and
sala
ry c
ompe
titiv
enes
s w
ith th
e pr
ivat
e se
ctor
, esp
ecia
lly in
the
Publ
ic S
afet
y ar
ea.
2018
was
the
first
ye
ar in
seve
ral y
ears
the
City
was
abl
e to
giv
e fu
ll m
erit
base
d ra
ises
. Th
e co
ntin
uatio
n of
com
petit
ive
mer
it ra
ises
is o
f con
cern
.
Bal
ance
of f
inan
ces w
ith m
unic
ipal
pro
vide
d se
rvic
es a
s the
cos
ts o
f the
se se
rvic
es is
out
paci
ng a
ny c
orre
spon
ding
reve
nues
.
Proj
ecte
d in
crea
ses i
n re
tirem
ent a
nd w
orke
rs c
ompe
nsat
ion
cost
s.
Proj
ecte
d in
crea
ses i
n he
alth
insu
ranc
e co
sts r
elat
ing
to th
e C
ity a
s a se
lf-in
sure
d en
tity.
Impa
ct o
f ne
w le
gisl
atio
n on
rev
enue
sou
rces
, esp
ecia
lly a
s it
rela
tes
to th
e lo
ng te
rm s
ourc
es o
f th
e Ti
tle T
ax, a
nd n
ewly
ena
cted
legi
slat
ion
to r
e-va
mp
the
gaso
line
tax
for r
oad
impr
ovem
ents
. Pr
elim
inar
y es
timat
es fo
r the
new
dis
tribu
tion
of th
e Ti
tle T
ax p
redi
cts a
n de
crea
se in
this
reve
nue
sour
ce.
The
City
of R
ome
has
been
ver
y ef
fect
ive
in th
e la
st c
oupl
e of
yea
rs to
hav
e al
igne
d th
eir e
xpen
ses
with
in th
e cu
rren
t rev
enue
stre
am.
This
has
bee
n a
dete
rmin
ed
effo
rt of
all
City
em
ploy
ees
and
depa
rtmen
ts to
del
iver
the
serv
ices
that
the
publ
ic r
equi
res,
but t
o al
so b
e go
od s
tew
ards
of t
he m
onie
s it
rece
ives
. T
he C
ity h
as s
een
succ
essi
ve y
ears
aga
in w
ith m
oder
ate
incr
ease
s to
net
pos
ition
that
has
hel
ped
offs
et th
e fir
st c
oupl
e of
yea
rs o
f th
is c
urre
nt e
cono
mic
dow
ntur
n.
The
City
of
Rom
e is
co
mm
itted
to p
rovi
de th
e hi
ghes
t lev
el o
f ser
vice
s and
mai
ntai
n th
at w
ithin
the
antic
ipat
ed re
venu
e pr
ojec
tions
. C
ON
TA
CT
ING
TH
E C
ITY
’S F
INA
NC
IAL
MA
NA
GE
ME
NT
This
fina
ncia
l rep
ort i
s des
igne
d to
pro
vide
a g
ener
al o
verv
iew
of t
he C
ity o
f Rom
e’s f
inan
ces
to a
ll th
ose
with
an
inte
rest
in th
e go
vern
men
t. It
als
o is
inte
nded
to
dem
onst
rate
fisc
al a
ccou
ntab
ility
for t
he m
onie
s it r
ecei
ves.
Que
stio
ns c
once
rnin
g th
is re
port
or re
ques
ts fo
r add
ition
al in
form
atio
n sh
ould
be
dire
cted
as f
ollo
ws.
C
ity o
f Rom
e, G
eorg
ia
Attn
: Fi
nanc
e D
epar
tmen
t P.
O. B
ox 1
433
Rom
e, G
A 3
0162
70
6-23
6-44
20
BA
SIC
FIN
AN
CIA
L S
TA
TE
ME
NT
S
The
basi
c fin
anci
al st
atem
ents
incl
ude
the
gove
rnm
ent-w
ide
stat
emen
t of n
et p
ositi
on a
nd th
e
gove
rnm
ent-w
ide
stat
emen
t of a
ctiv
ities
whi
ch in
clud
e th
e pr
imar
y go
vern
men
t’s g
over
nmen
tal
and
busi
ness
type
act
iviti
es, a
nd c
ompo
nent
uni
ts.
The
basi
c fin
anci
al st
atem
ents
als
o in
clud
e
the
fund
fina
ncia
l sta
tem
ents
and
the
note
s to
the
finan
cial
stat
emen
ts.
Gre
ater
Rom
eG
over
nmen
tal
Bus
ines
s-T
ype
Con
vent
ion
&R
ome
Boa
rdA
ctiv
ities
Act
iviti
esT
otal
Vis
itors
Bur
eau
of E
duca
tion
ASS
ET
SC
urre
nt A
sset
s:C
ash
$25
,575
,409
$39
,254
,149
$64
,829
,558
$13
1,14
8
$14
,042
,217
Acc
ount
s rec
eiva
ble,
net
4,05
4,82
9
2,
764,
496
6,81
9,32
5
4,
832
78,7
27
A
ccou
nts r
ecei
vabl
e, lo
ans
114,
176
-
11
4,17
6
-
-
Taxe
s rec
eiva
ble,
net
1,19
5,54
5
-
1,
195,
545
-
-
Due
from
prim
ary
gove
rnm
ent
-
-
-
22,8
67
-
D
ue fr
om o
ther
gov
ernm
ents
1,21
4,99
2
2,
635,
283
3,85
0,27
5
12
,165
7,44
3,34
5
In
tern
al b
alan
ces
2,42
8,86
9
(2
,428
,869
)
-
-
-
D
ue fr
om c
ompo
nent
uni
ts1,
644
7,
786
9,
430
-
-
In
vent
ory
155,
125
99
9,69
4
1,15
4,81
9
-
50
,776
Prep
aid
item
s20
0
30
,239
30,4
39
-
-
T
otal
cur
rent
ass
ets
34,7
40,7
89
43
,262
,778
78,0
03,5
67
17
1,01
2
21,6
15,0
65
Non
Cur
rent
Ass
ets:
Res
trict
ed A
sset
sC
ash
2,67
3,21
0
1,
134,
094
3,80
7,30
4
-
-
In
vest
men
ts2,
498,
280
-
2,49
8,28
0
-
-
O
ther
non
curr
ent a
sset
s, de
rivat
ive
943,
267
-
94
3,26
7
-
-
Prep
aid
bond
insu
ranc
e-
47
,459
47,4
59
-
-
C
apita
l Ass
ets
Non
-dep
reci
able
ass
ets
21,1
06,6
81
9,
478,
150
30,5
84,8
31
-
15
7,04
8
Dep
reci
able
ass
ets,
net o
f dep
reci
atio
n13
1,15
6,42
5
172,
388,
790
30
3,54
5,21
5
82,8
16
6,
327,
607
Tot
al n
oncu
rren
t ass
ets
158,
377,
863
18
3,04
8,49
3
341,
426,
356
82
,816
6,48
4,65
5
TO
TA
L A
SSE
TS
193,
118,
652
22
6,31
1,27
1
419,
429,
923
25
3,82
8
28,0
99,7
20
DE
FER
RE
D O
UT
FLO
WS
OF
RE
SOU
RC
ES
Def
erre
d ch
arge
on
refu
ndin
g
114,
210
82
9,41
3
943,
623
-
-
O
PEB
rela
ted
item
s 2,
112,
899
-
2,11
2,89
9
-
1,
725,
039
Pens
ion
rela
ted
item
s 6,
584,
805
-
6,58
4,80
5
-
9,
792,
645
TO
TA
L D
EFE
RR
ED
OU
TFL
OW
S O
F R
ESO
UR
CE
S8,
811,
914
829,
413
9,
641,
327
-
11,5
17,6
84
LIA
BIL
ITIE
SC
urre
nt L
iabi
litie
s:A
ccou
nts p
ayab
le1,
531,
723
881,
425
2,
413,
148
12,7
72
79
8,11
6
Acc
rued
liab
ilitie
s30
4,41
2
728,
384
1,
032,
796
9,77
7
6,
958,
756
Acc
rued
inte
rest
pay
able
63,3
00
-
63
,300
-
-
Ret
aina
ge p
ayab
le39
,582
167,
246
20
6,82
8
-
-
Une
arne
d re
venu
es-
12
7,07
5
127,
075
-
-
D
ue to
prim
ary
gove
rnm
ent
-
-
-
9,43
0
-
D
ue to
com
pone
nt u
nits
22,8
67
-
22
,867
-
-
Due
to o
ther
gov
ernm
ents
70,9
96
-
70
,996
-
-
Inte
rgov
ernm
enta
l agr
eem
ents
pay
able
-cur
rent
170,
000
-
17
0,00
0
-
-
Cap
ital l
ease
s pay
able
-cur
rent
47,8
05
-
47
,805
-
-
Bon
ds p
ayab
le-c
urre
nt3,
082,
073
1,03
6,00
0
4,
118,
073
-
-
Clo
sure
and
pos
tclo
sure
car
e-cu
rren
t-
23
4,04
8
234,
048
-
-
N
otes
pay
able
-cur
rent
46
7,84
3
108,
225
57
6,06
8
-
-
Cla
ims p
ayab
le-
67
5,00
0
675,
000
-
-
C
ompe
nsat
ed a
bsen
ces p
ayab
le -
curr
ent
738,
580
1,
145,
387
1,88
3,96
7
31
,037
81,2
70
T
otal
cur
rent
liab
ilitie
s6,
539,
181
5,10
2,79
0
11
,641
,971
63,0
16
7,
838,
142
cont
inue
d
Prim
ary
Gov
ernm
ent
STA
TE
ME
NT
OF
NE
T P
OSI
TIO
NC
ITY
OF
RO
ME
, GE
OR
GIA
Dec
embe
r 31
, 201
8
Com
pone
nt U
nits
See
acco
mpa
nyin
g no
tes t
o th
e ba
sic
finan
cial
stat
emen
ts.
24
Gre
ater
Rom
eG
over
nmen
tal
Bus
ines
s-T
ype
Con
vent
ion
&R
ome
Boa
rdA
ctiv
ities
Act
iviti
esT
otal
Vis
itors
Bur
eau
of E
duca
tion
Prim
ary
Gov
ernm
ent
STA
TE
ME
NT
OF
NE
T P
OSI
TIO
NC
ITY
OF
RO
ME
, GE
OR
GIA
Dec
embe
r 31
, 201
8
Com
pone
nt U
nits
Lon
g-T
erm
Lia
bilit
ies:
Cus
tom
er d
epos
its-
$
1,
053,
141
$
1,05
3,14
1$
-
$
-
$
C
losu
re a
nd p
ostc
losu
re c
are-
long
term
-
8,88
3,98
9
8,
883,
989
-
-
Com
pens
ated
abs
ence
s pay
able
-long
term
246,
193
38
3,13
3
629,
326
10
,346
-
Cap
ital l
ease
s pay
able
(net
of c
urre
nt p
ortio
n)99
,898
-
99,8
98
-
-
To
tal o
ther
pos
tem
ploy
men
t ben
efits
obl
igat
ion
17,3
66,6
94
-
17
,366
,694
-
44,8
24,4
29
In
terg
over
nmen
tal a
gree
men
ts p
ayab
le-lo
ng te
rm2,
750,
000
-
2,75
0,00
0
-
-
N
otes
pay
able
-long
term
, net
of d
isco
unt
4,41
0,42
2
1,
945,
380
6,35
5,80
2
-
-
B
onds
pay
able
(net
of c
urre
nt p
ortio
n)4,
527,
000
21,9
50,9
72
26
,477
,972
-
2,00
0,00
0
N
et p
ensi
on li
abili
ty22
,747
,167
-
22,7
47,1
67
-
51
,338
,940
Tot
al lo
ng te
rm li
abili
ties
52,1
47,3
74
34
,216
,615
86,3
63,9
89
10
,346
98,1
63,3
69
TO
TA
L L
IAB
ILIT
IES
58,6
86,5
55
39
,319
,405
98,0
05,9
60
73
,362
106,
001,
511
DE
FER
RE
D IN
FLO
WS
OF
RE
SOU
RC
ES
Def
erre
d ch
ange
in fa
ir va
lue
of h
edgi
ng d
eriv
ativ
e in
stru
men
ts94
3,26
7
-
943,
267
-
-
O
PEB
rela
ted
item
s -
-
-
-
4,
521,
908
Pens
ion
rela
ted
item
s 2,
727,
347
-
2,72
7,34
7
-
77
7,06
5
TO
TA
L D
EFE
RR
ED
INFL
OW
S O
F R
ESO
UR
CE
S3,
670,
614
-
3,67
0,61
4
-
5,
298,
973
NE
T P
OSI
TIO
NN
et in
vest
men
t in
capi
tal a
sset
s14
1,66
0,95
8
157,
535,
989
29
9,19
6,94
7
82,8
16
4,
484,
655
Res
trict
ed fo
r:
Cap
ital p
roje
cts
10,1
65,6
20
-
10
,165
,620
-
-
O
ther
pur
pose
s:R
evol
ving
loan
s and
hou
sing
initi
ativ
es86
9,15
8
-
869,
158
-
-
D
ebt s
ervi
ce-
72
5,94
5
725,
945
-
2,
000,
684
EOC
-
60,0
85
60
,085
-
-
Food
serv
ices
-
-
-
-
337,
522
Sc
hool
act
iviti
es-
-
-
-
30
,438
Tour
ism
and
foru
m p
rom
otio
ns1,
132,
003
-
1,13
2,00
3
-
-
Pl
anni
ng a
nd z
onin
g ac
tiviti
es14
4,16
0
-
144,
160
-
-
Fo
rum
par
king
dec
k op
erat
ions
109,
168
-
10
9,16
8
-
-
Cem
eter
y pe
rpet
ual c
are
808,
572
-
80
8,57
2
-
-
GM
A le
asep
ool
2,49
8,28
0
-
2,
498,
280
-
-
Unr
estri
cted
(17,
814,
522)
29
,499
,260
11,6
84,7
38
97
,650
(78,
536,
379)
TO
TA
L N
ET
PO
SIT
ION
139,
573,
397
$
18
7,82
1,27
9$
327,
394,
676
$
18
0,46
6$
(71,
683,
080)
$
See
acco
mpa
nyin
g no
tes t
o th
e ba
sic
finan
cial
stat
emen
ts.
25
Cha
rges
for
Serv
ices
, Sal
esO
pera
ting
Gra
nts
Cap
ital G
rant
sG
over
nmen
tal
Bus
ines
s-T
ype
Gre
ater
Rom
eR
ome
Boa
rdE
xpen
ses
and
Fine
san
d C
ontr
ibut
ions
and
Con
trib
utio
nsA
ctiv
ities
Act
iviti
esT
otal
Con
v/V
is B
urea
uof
Edu
catio
nPR
IMA
RY
GO
VE
RN
ME
NT
:G
over
nmen
tal A
ctiv
ities
:G
ener
al G
over
nmen
t11
,044
,380
$
2,
405,
788
$
123,
993
$
7,
601,
736
$
(912
,863
)$
-
$
(912
,863
)$
-$
-$
Publ
ic S
afet
y7,
967,
577
886,
828
47
,744
252,
077
(6
,780
,928
)
-
(6
,780
,928
)
-
-
Pu
blic
Wor
ks6,
421,
862
-
171,
922
2,
290,
381
(3,9
59,5
59)
-
(3,9
59,5
59)
-
-
Publ
ic F
acili
ties
1,59
2,74
5
-
-
3,
138,
695
1,54
5,95
0
-
1,54
5,95
0
-
-
Pu
blic
Ser
vice
s50
9,55
1
-
-
-
(509
,551
)
-
(509
,551
)
-
-
Com
mun
ity D
evel
opm
ent
6,04
2,45
1
14
8,01
0
319,
714
-
(5
,574
,727
)
-
(5
,574
,727
)
-
-
Ed
ucat
ion
1,91
9,29
1
-
-
-
(1
,919
,291
)
-
(1
,919
,291
)
-
-
In
tere
st o
n D
ebt
517,
391
-
-
-
(5
17,3
91)
-
(5
17,3
91)
-
-
T
otal
Gov
ernm
enta
l Act
iviti
es36
,015
,248
3,
440,
626
663,
373
13
,282
,889
(1
8,62
8,36
0)
-
(18,
628,
360)
-
-
Bus
ines
s-T
ype
Act
iviti
es:
Wat
er a
nd S
ewer
17,4
27,0
52
24,5
19,0
08
-
-
-
7,
091,
956
7,09
1,95
6
-
-
Fi
re11
,302
,219
6,
402,
310
-
167,
658
-
(4,7
32,2
51)
(4
,732
,251
)
-
-
So
lid W
aste
Com
mis
sion
2,79
0,86
5
3,
274,
358
-
-
-
48
3,49
3
483,
493
-
-
Tr
ansi
t4,
033,
761
1,68
9,41
8
89
9,45
0
1,24
1,65
0
-
(203
,243
)
(2
03,2
43)
-
-
B
uild
ing
Insp
ectio
n75
7,72
4
1,02
2,57
6
45
,618
-
-
31
0,47
0
310,
470
-
-
So
lid W
aste
Man
agem
ent
3,59
8,94
7
2,
230,
711
-
-
-
(1
,368
,236
)
(1,3
68,2
36)
-
-
Mun
icip
al G
olf C
ours
e1,
195,
708
975,
184
-
-
-
(220
,524
)
(2
20,5
24)
-
-
Pu
blic
Fac
ilitie
s32
9,74
6
139,
734
-
-
-
(190
,012
)
(1
90,0
12)
-
-
Te
nnis
Cen
ter
1,05
7,58
3
37
2,84
4
-
55,7
61
-
(6
28,9
78)
(628
,978
)
-
-
Tot
al B
usin
ess-
Typ
e A
ctiv
ities
:42
,493
,605
40
,626
,143
94
5,06
8
1,46
5,06
9
-
542,
675
54
2,67
5
-
-
Tot
al -
Prim
ary
Gov
ernm
ent
78,5
08,8
53$
44,0
66,7
69$
1,60
8,44
1$
14
,747
,958
$
(1
8,62
8,36
0)$
54
2,67
5$
(18,
085,
685)
$
-
$
-
$
Com
pone
nt U
nits Rom
e B
oard
of E
duca
tion
72,6
30,7
34$
763,
184
$
45
,663
,531
$
-$
-$
(26,
204,
019)
$
G
reat
er R
ome
Con
vent
ion
& V
isito
rs B
urea
u74
0,14
2
32,2
6476
4,31
7-
56
,439
-
Tot
al -
Com
pone
nt U
nits
73,3
70,8
76$
795,
448
$
46
,427
,848
$
-$
56,4
39$
(2
6,20
4,01
9)$
GE
NE
RA
L R
EV
EN
UE
S:Ta
xes:
P
rope
rty13
,465
,901
$
-
$
13,4
65,9
01$
-
$
19
,045
,194
$
Sal
es5,
963,
215
-
5,
963,
215
-
5,41
0,63
3
Fra
nchi
se3,
671,
239
-
3,
671,
239
-
-
In
sura
nce
Prem
ium
2,60
6,81
8
-
2,60
6,81
8
-
-
Alc
ohol
ic B
ever
age
882,
473
-
882,
473
-
-
Inta
ngib
le30
4,74
8
-
30
4,74
8
-
-
H
otel
/Mot
el1,
426,
766
-
1,
426,
766
-
-
O
ther
766,
373
-
766,
373
-
-
G
ain
on D
ispo
sal o
f Cap
ital A
sset
s-
47,3
08
47,3
08
-
62
6
Inte
rest
Ear
ned
673,
505
56
1,22
4
1,23
4,72
9
-
87
,706
Mis
cella
neou
s61
9,94
1
-
61
9,94
1
-
-
Tot
al G
ener
al R
even
ues
30,3
80,9
79
608,
532
30
,989
,511
-
24,5
44,1
59
Tran
sfer
s(5
,256
,431
)
5,25
6,43
1
-
-
-
T
otal
Gen
eral
Rev
enue
s and
Tra
nsfe
rs25
,124
,548
5,
864,
963
30,9
89,5
11
-
24
,544
,159
Cha
nge
in N
et P
ositi
on
6,49
6,18
8
6,
407,
638
12,9
03,8
26
56
,439
(1,6
59,8
60)
NE
T P
OSI
TIO
N B
EG
INN
ING
OF
YE
AR
, RE
STA
TE
D13
3,07
7,20
9
18
1,41
3,64
1
31
4,49
0,85
0
124,
027
(70,
023,
220)
N
ET
PO
SIT
ION
EN
D O
F Y
EA
R13
9,57
3,39
7$
18
7,82
1,27
9$
32
7,39
4,67
6$
180,
466
$
(71,
683,
080)
$
CIT
Y O
F R
OM
E, G
EO
RG
IAST
AT
EM
EN
T O
F A
CT
IVIT
IES
For
the
Yea
r E
nded
Dec
embe
r 31
, 201
8
Prim
ary
Gov
ernm
ent
Prog
ram
Rev
enue
sN
et (E
xpen
se) R
even
ue a
nd C
hang
es in
Net
Pos
ition C
ompo
nent
Uni
ts
See
acco
mpa
nyin
g no
tes t
o th
e ba
sic
finan
cial
stat
emen
ts.
26
Non
-maj
orT
otal
Tax
G
over
nmen
tal
Gov
ernm
enta
lG
ener
alC
apita
lSP
LO
STA
lloca
tion
Dis
tric
tFu
nds
Fund
sA
SSE
TS:
Cas
h an
d ca
sh e
quiv
alen
ts18
,540
,042
$
395,
646
$
3,79
6,03
0$
$
589
,888
2,
253,
803
$
25
,575
,409
$
Tax
es re
ceiv
able
, net
of a
llow
ance
s for
unc
olle
ctib
les
1,19
5,54
5
-
-
-
-
1,
195,
545
A
ccou
nts r
ecei
vabl
e, n
et o
f allo
wan
ces f
or u
ncol
lect
ible
s3,
825,
860
15
2,53
7
-
-
76,4
32
4,05
4,82
9
Acc
ount
s rec
eiva
ble
loan
s-
-
-
-
114,
176
114,
176
Due
from
oth
er g
over
nmen
ts59
5,05
4
53
,985
52
1,93
6
2,
746
41,2
71
1,21
4,99
2
Due
from
oth
er fu
nds
332,
214
2,29
7,96
4
-
752
11,1
23
2,64
2,05
3
Due
from
com
pone
nt u
nits
1,60
1
43
-
-
-
1,64
4
Pre
paid
item
s20
0
-
-
-
-
200
Inv
ento
ries
155,
125
-
-
-
-
15
5,12
5
R
estri
cted
cas
h 35
3,98
3-
2,31
9,22
7
-
-
2,
673,
210
R
estri
cted
inve
stm
ents
-
2,
498,
280
-
-
-
2,
498,
280
A
dvan
ces d
ue fr
om o
ther
fund
s59
0,00
01,
361,
147
-
-
-
1,
951,
147
TO
TA
L A
SSE
TS
25,5
89,6
24$
6,
759,
602
$
6,
637,
193
$
59
3,38
6$
2,49
6,80
5$
42,0
76,6
10$
LIA
BIL
ITIE
S: A
ccou
nts p
ayab
le1,
405,
473
$
87
,773
$
28
,965
$
-
$
9,
512
$
1,
531,
723
$
R
etai
nage
pay
able
-
27
,181
12
,401
-
-
39,5
82
Acc
rued
liab
ilitie
s29
4,76
8
-
-
-
9,
644
30
4,41
2
D
ue to
oth
er fu
nds
2,68
0,95
2
21,0
70
13,7
18
-
28,7
47
2,74
4,48
7
Due
to o
ther
gov
ernm
ents
-
-
-
54,
032
16,9
64
70,9
96
Due
to c
ompo
nent
uni
ts-
1,35
3
-
-
21
,514
22
,867
A
dvan
ces d
ue to
oth
er fu
nds
-
1,
191,
752
-
-
-
1,19
1,75
2
TO
TA
L L
IAB
ILIT
IES
4,38
1,19
3
1,32
9,12
9
55,0
84
54,0
32
86,3
81
5,90
5,81
9
DE
FER
RE
D IN
FLO
WS
OF
RE
SOU
RC
ES:
Una
vaila
ble
reve
nue
- pro
perty
taxe
s32
2,12
3
-
-
-
-
322,
123
TO
TA
L D
EFE
RR
ED
INFL
OW
S O
F R
ESO
UR
CE
S32
2,12
3
-
-
-
-
322,
123
FUN
D B
AL
AN
CE
S: N
onsp
enda
ble:
P
repa
id it
ems
200
-
-
-
-
20
0
Inv
ento
ries
155,
125
-
-
-
-
15
5,12
5
Adv
ance
s due
from
oth
er fu
nds
590,
000
-
-
-
-
59
0,00
0
R
estr
icte
d fo
r:
Rev
olvi
ng lo
ans a
nd h
ousi
ng in
itiat
ives
-
-
-
-
86
9,15
8
86
9,15
8
Pla
nnin
g an
d zo
ning
act
iviti
es-
-
-
-
144,
160
144,
160
T
ouris
m a
nd fo
rum
pro
mot
ion
-
-
-
-
1,
132,
003
1,
132,
003
Cap
ital i
mpr
ovem
ents
-
2,
932,
193
6,
582,
109
53
9,35
4
111,
964
10,1
65,6
20
For
um p
arki
ng d
eck
oper
atio
ns-
-
-
-
109,
168
109,
168
C
emet
ery
perp
etua
l car
e80
8,57
2
-
-
-
-
808,
572
G
MA
leas
epoo
l-
2,49
8,28
0
-
-
-
2,49
8,28
0
Ass
igne
d fo
r:
Com
mun
ity d
evel
opm
ent o
pera
tions
-
-
-
-
43
,971
43
,971
U
nass
igne
d 19
,332
,411
-
-
-
-
19
,332
,411
TO
TA
L F
UN
D B
AL
AN
CE
S20
,886
,308
5,43
0,47
3
6,58
2,10
9
539,
354
2,
410,
424
35
,848
,668
TO
TA
L L
IAB
ILIT
IES,
DE
FER
RE
D IN
FLO
WS
OF
RE
SOU
RC
ES
AN
D F
UN
D B
AL
AN
CE
S25
,589
,624
$
6,75
9,60
2$
6,63
7,19
3$
593,
386
$
2,
496,
805
$
42
,076
,610
$
CIT
Y O
F R
OM
E, G
EO
RG
IAB
AL
AN
CE
SH
EE
T
Dec
embe
r 31
, 201
8G
OV
ER
NM
EN
TA
L F
UN
DS
Maj
or G
over
nmen
tal F
unds
See
acco
mpa
nyin
g no
tes t
o th
e ba
sic
finan
cial
stat
emen
ts.
27
CIT
Y O
F R
OM
E, G
EO
RG
IAR
EC
ON
CIL
IAT
ION
OF
TO
TA
L G
OV
ER
NM
EN
TA
L F
UN
D B
AL
AN
CE
S T
ON
ET
PO
SIT
ION
OF
GO
VE
RN
ME
NT
AL
AC
TIV
ITIE
SD
ecem
ber
31, 2
018
TO
TA
L G
OV
ER
NM
EN
TA
L F
UN
D B
AL
AN
CE
S 35
,848
,668
$
Am
ount
s rep
orte
d fo
r go
vern
men
tal a
ctiv
ities
in th
e st
atem
ent o
f net
pos
ition
are
diff
eren
t bec
ause
:
Cap
ital a
sset
s use
d in
gov
ernm
enta
l act
iviti
es a
re n
ot fi
nanc
ial r
esou
rces
and
, the
refo
re, a
re n
ot re
porte
d in
the
gove
rnm
enta
l fun
ds.
Cos
t30
8,23
0,16
8$
Less
acc
umul
ated
dep
reci
atio
n(1
55,9
67,0
62)
15
2,26
3,10
6
Inte
rnal
serv
ice
fund
s are
use
d by
man
agem
ent t
o ch
arge
the
cost
s of c
erta
in a
ctiv
ities
such
as h
ealth
insu
ranc
e an
d
wor
kers
' com
pens
atio
n to
indi
vidu
al fu
nds.
Gov
ernm
enta
l act
iviti
es n
et p
ositi
on h
as b
een
incr
ease
d by
the
effe
ct o
f the
inte
rnal
serv
ice
fund
s' ne
t pos
ition
.1,
771,
908
The
deriv
ativ
e is
not
a c
urre
nt fi
nanc
ial r
esou
rce
and
is n
ot re
cord
ed in
the
fund
stat
emen
ts.
943,
267
Oth
er lo
ng-te
rm a
sset
s or d
efer
red
inflo
ws a
nd o
utflo
ws o
f res
ourc
es a
re n
ot a
vaila
ble
to p
ay fo
r cur
rent
-per
iod
expe
nditu
res a
nd,
ther
efor
e, a
re u
nava
ilabl
e in
the
gove
rnm
enta
l fun
ds.
Prop
erty
taxe
s32
2,12
3$
Def
erre
d ch
arge
s on
refu
ndin
g11
4,21
0
Der
ivat
ive
- eff
ectiv
e he
dge
(943
,267
)
(506
,934
)
(34,
143,
504)
Lon
g-te
rm li
abili
ties,
incl
udin
g ca
pita
l lea
ses,
com
pens
ated
abs
ence
s, an
d th
e G
MA
leas
e co
ntra
ct b
onds
are
not
due
and
paya
ble
in th
e cu
rren
t per
iod
and,
ther
efor
e, a
re n
ot re
porte
d in
the
gove
rnm
enta
l fun
d st
atem
ents
.A
ccru
ed in
tere
st63
,300
$
Com
pens
ated
abs
ence
s98
4,77
3
Not
es p
ayab
le5,
647,
571
Dis
coun
t on
note
s pay
able
(769
,306
)
Leas
e pa
yabl
e14
7,70
3
GM
A le
ase
pool
con
tract
cer
tific
ates
of p
artic
ipat
ion
4,52
7,00
0
B
onds
pay
able
3,08
2,07
3
In
terg
over
nmen
tal a
gree
men
ts2,
920,
000
(16,
603,
114)
NE
T P
OSI
TIO
N O
F G
OV
ER
NM
EN
TA
L A
CT
IVIT
IES
139,
573,
397
$
The
net p
ensi
on li
abili
ty, t
otal
OPE
B li
abili
ty, a
nd re
late
d de
ferr
ed in
flow
s and
out
flow
s of r
esou
rces
rela
ted
to th
e C
ity's
defin
ed b
enef
it pe
nsio
n an
d O
PEB
pla
ns
are
not e
xpec
ted
to b
e liq
uida
ted
with
exp
enda
ble
avai
labl
e fin
anci
al re
sour
ces a
nd, t
here
fore
, are
not
repo
rted
in th
e go
vern
men
tal f
unds
.
See
acco
mpa
nyin
g no
tes t
o th
e ba
sic
finan
cial
stat
emen
ts.
28
Non
- maj
orT
otal
Tax
Gov
ernm
enta
l G
over
nmen
tal
Gen
eral
Cap
ital
SPL
OST
Allo
catio
n D
istr
ict
Fund
sFu
nds
RE
VE
NU
ES:
Tax
es24
,944
,673
$
1,95
0,00
0$
-
$
69
5,55
2$
1,49
7,58
8$
29
,087
,813
$
Lic
ense
s and
per
mits
1,97
3,89
5
-
-
-
-
1,
973,
895
Int
ergo
vern
men
tal
343,
659
89
5,80
5
5,19
2,33
2
-
65
1,66
3
7,08
3,45
9
C
harg
es fo
r ser
vice
s43
1,89
3
-
-
-
148,
010
57
9,90
3
Fin
es a
nd fo
rfei
ture
s88
6,82
8
-
-
-
-
886,
828
I
nter
est e
arne
d39
1,58
9
260,
554
65
,894
1,99
4
19
,368
739,
399
M
isce
llane
ous
120,
293
40
2,65
0
-
-
96,9
98
61
9,94
1
TO
TA
L R
EV
EN
UE
S29
,092
,830
3,
509,
009
5,25
8,22
6
69
7,54
6
2,41
3,62
7
40
,971
,238
EX
PEN
DIT
UR
ES:
Cur
rent
:
Gen
eral
gov
ernm
ent
7,25
5,44
2
-
-
-
-
7,
255,
442
P
ublic
safe
ty7,
863,
844
-
-
-
-
7,86
3,84
4
Pub
lic w
orks
5,42
1,25
9
-
-
-
-
5,
421,
259
P
ublic
faci
litie
s50
4,09
9
-
-
-
813,
750
1,
317,
849
P
ublic
serv
ices
515,
092
-
-
-
-
51
5,09
2
C
omm
unity
dev
elop
men
t35
1,22
8
-
-
4,97
2,02
0
72
4,88
9
6,04
8,13
7
C
apita
l out
lay
-
3,06
2,76
6
1,
364,
468
-
331,
949
4,
759,
183
Deb
t ser
vice
P
rinci
pal
-
332,
365
2,
860,
000
465,
686
-
3,
658,
051
In
tere
st-
34
9,53
3
264,
400
18
,012
-
631,
945
TO
TA
L E
XPE
ND
ITU
RE
S21
,910
,964
3,
744,
664
4,48
8,86
8
5,
455,
718
1,87
0,58
8
37
,470
,802
EX
CE
SS (D
EFI
CIE
NC
Y) O
F R
EV
EN
UE
S
OV
ER
(UN
DE
R) E
XPE
ND
ITU
RE
S7,
181,
866
(235
,655
)
769,
358
(4
,758
,172
)
54
3,03
9
3,50
0,43
6
cont
inue
d
For
the
Yea
r E
nded
Dec
embe
r 31
, 201
8
CIT
Y O
F R
OM
E, G
EO
RG
IAST
AT
EM
EN
T O
F R
EV
EN
UE
S, E
XPE
ND
ITU
RE
S
AN
D C
HA
NG
ES
IN F
UN
D B
AL
AN
CE
S
GO
VE
RN
ME
NT
AL
FU
ND
S
Maj
or G
over
nmen
tal F
unds
See
acco
mpa
nyin
g no
tes t
o th
e ba
sic
finan
cial
stat
emen
ts.
29
Non
- maj
orT
otal
Tax
Gov
ernm
enta
l G
over
nmen
tal
Gen
eral
Cap
ital
SPL
OST
Allo
catio
n D
istr
ict
Fund
sFu
nds
For
the
Yea
r E
nded
Dec
embe
r 31
, 201
8
CIT
Y O
F R
OM
E, G
EO
RG
IAST
AT
EM
EN
T O
F R
EV
EN
UE
S, E
XPE
ND
ITU
RE
S
AN
D C
HA
NG
ES
IN F
UN
D B
AL
AN
CE
S
GO
VE
RN
ME
NT
AL
FU
ND
S
Maj
or G
over
nmen
tal F
unds
OT
HE
R F
INA
NC
ING
SO
UR
CE
S (U
SES)
Tr
ansf
ers i
n4,
168,
336
$
442,
753
$
-
$
-
$
31
8,09
9$
4,92
9,18
8$
Tran
sfer
s out
(9,6
16,4
12)
-
-
-
(5
69,2
07)
(1
0,18
5,61
9)
C
apita
l lea
ses
-
147,
703
-
-
-
14
7,70
3
N
otes
pay
able
-
-
-
5,80
4,37
9
-
5,
804,
379
D
isco
unt o
n no
tes p
ayab
le-
-
-
(8
87,4
01)
-
(8
87,4
01)
Pr
ocee
ds fr
om sa
le o
f cap
ital a
sset
s-
35
,572
-
-
-
35,5
72
TO
TA
L O
TH
ER
FIN
AN
CIN
G
SO
UR
CE
S (U
SES)
(5,4
48,0
76)
62
6,02
8
-
4,91
6,97
8
(2
51,1
08)
(1
56,1
78)
NE
T C
HA
NG
E IN
FU
ND
BA
LA
NC
ES
1,73
3,79
0
39
0,37
3
769,
358
15
8,80
6
291,
931
3,
344,
258
FUN
D B
AL
AN
CE
S - B
EG
INN
ING
OF
YE
AR
19,1
52,5
18
5,04
0,10
0
5,
812,
751
380,
548
2,
118,
493
32,5
04,4
10
FUN
D B
AL
AN
CE
S - E
ND
OF
YE
AR
20,8
86,3
08$
5,
430,
473
$
6,58
2,10
9$
53
9,35
4$
2,41
0,42
4$
35
,848
,668
$
See
acco
mpa
nyin
g no
tes t
o th
e ba
sic
finan
cial
stat
emen
ts.
30
NE
T C
HA
NG
ES
IN F
UN
D B
AL
AN
CE
S - T
OT
AL
GO
VE
RN
ME
NT
AL
FU
ND
S3,
344,
258
$
Am
ount
s rep
orte
d fo
r go
vern
men
tal a
ctiv
ities
in th
e st
atem
ent o
f act
iviti
es a
re d
iffer
ent b
ecau
se:
Gov
ernm
enta
l fun
ds re
port
capi
tal o
utla
ys a
s exp
endi
ture
s.H
owev
er, i
n th
e st
atem
ent o
f act
iviti
es, t
he c
ost o
f tho
se a
sset
s is a
lloca
ted
over
thei
r est
imat
ed
usef
ul li
ves a
s dep
reci
atio
n ex
pens
e. T
his i
s the
am
ount
by
whi
ch c
apita
l out
lay
exce
eded
de
prec
iatio
n ex
pens
e in
the
curr
ent p
erio
d.C
apita
l out
lay
4,76
3,85
9$
Dep
reci
atio
n ex
pens
e(4
,842
,594
)
(78,
735)
Gov
ernm
enta
l fun
ds d
o no
t rep
ort t
he a
cqui
sitio
n of
cap
ital a
sset
s acq
uire
d th
roug
h do
natio
ns o
r cap
ital c
ontri
butio
ns.
H
owev
er, i
n th
e st
atem
ent o
f act
iviti
es, t
he c
osts
of t
hose
ass
ets a
re re
porte
d at
aqu
isiti
on v
alue
.A
sset
s acq
uire
d th
roug
h do
natio
n or
cap
ital c
ontri
butio
ns-c
urre
nt y
ear
6,79
6,90
9
The
net e
ffec
t of v
ario
us m
isce
llane
ous t
rans
actio
ns in
volv
ing
capi
tal a
sset
s (i.e
., di
spos
als)
to d
ecre
ase
net p
ositi
on.
(2,9
37,7
14)
The
issu
ance
of l
ong-
term
deb
t pro
vide
s cur
rent
fina
ncia
l res
ourc
es to
gov
ernm
enta
l fun
ds, w
hile
the
repa
ymen
t of t
he p
rinci
pal
of lo
ng-te
rm d
ebt c
onsu
mes
the
curr
ent f
inan
cial
reso
urce
s of g
over
nmen
tal f
unds
. N
eith
er tr
ansa
ctio
n, h
owev
er, h
as a
ny e
ffec
t on
net p
ositi
on.
This
am
ount
is th
e ne
t eff
ect o
f the
se d
iffer
ence
s in
the
treat
men
t of l
ong-
term
deb
t and
rela
ted
item
s.N
otes
pay
able
(5,8
04,3
79)
$
D
isco
unt o
n no
tes p
ayab
le88
7,40
1
C
apita
l lea
se(1
47,7
03)
(5,0
64,6
81)
Inte
rnal
serv
ice
fund
s are
use
d by
man
agem
ent t
o ch
arge
the
cost
s of c
erta
in a
ctiv
ities
such
as h
ealth
insu
ranc
e an
d w
orke
rs' c
ompe
nsat
ion
to in
divi
dual
fund
s. T
he e
ffec
t of c
urre
nt y
ear i
nter
nal s
ervi
ce
fund
inco
me
(loss
) for
gov
ernm
enta
l act
iviti
es h
as b
een
incl
uded
.48
7,05
9
Rev
enue
s in
the
stat
emen
ts o
f act
iviti
es th
at d
o no
t pro
vide
cur
rent
fina
ncia
l res
ourc
es a
re re
porte
das
def
erre
d in
flow
of r
esou
rces
in th
e fu
nds.
Prop
erty
tax
defe
rred
inflo
ws
(280
)
The
rece
ipt a
nd re
paym
ent o
f bon
ds, n
otes
pay
able
and
cap
ital l
ease
prin
cipa
l is a
reve
nue
and
expe
nditu
re in
the
gove
rnm
enta
l fun
ds,
but t
he a
ctiv
ity in
crea
ses a
nd d
ecre
ases
long
-term
liab
ilitie
s in
the
stat
emen
t of n
et p
ositi
on.
Bon
d is
suan
ce p
rem
ium
189,
420
$
Am
ortiz
atio
n of
def
erre
d ch
arge
s on
refu
ndin
g
(8,1
58)
A
mor
tizat
ion
of d
isco
unt o
n no
tes p
ayab
l e(1
18,0
95)
Acc
rual
of i
nter
est e
xpen
se
51,3
87
Long
-term
deb
t prin
cipa
l pay
men
t 3,
658,
051
3,
772,
605
Som
e ex
pens
es re
porte
d in
the
stat
emen
t of a
ctiv
ities
, suc
h as
com
pens
ated
abs
ence
s and
pen
sion
rela
ted
item
sdo
not
requ
ire th
e us
e of
cur
rent
fina
ncia
l res
ourc
es a
nd, t
here
fore
, are
not
repo
rted
as e
xpen
ditu
res
in th
e go
vern
men
tal f
unds
.C
ompe
nsat
ed a
bsen
ces
46,6
97$
OPE
B e
xpen
se90
,181
Pe
nsio
n ex
pens
e39
,889
17
6,76
7
CH
AN
GE
IN N
ET
PO
SIT
ION
OF
GO
VE
RN
ME
NT
AL
AC
TIV
ITIE
S6,
496,
188
$
For
the
Yea
r E
nded
Dec
embe
r 31
, 201
8
CIT
Y O
F R
OM
E, G
EO
RG
IAR
EC
ON
CIL
IAT
ION
OF
TH
E S
TA
TE
ME
NT
OF
RE
VE
NU
ES,
EX
PEN
DIT
UR
ES
AN
D C
HA
NG
ES
IN F
UN
D B
AL
AN
CE
S O
F G
OV
ER
NM
EN
TA
L F
UN
DS
TO
TH
E S
TA
TE
ME
NT
OF
AC
TIV
ITIE
S
See
acco
mpa
nyin
g no
tes t
o th
e ba
sic
finan
cial
stat
emen
ts.
31
CIT
Y O
F R
OM
E, G
EO
RG
IAST
AT
EM
EN
T O
F N
ET
PO
SIT
ION
PRO
PRIE
TA
RY
FU
ND
SD
ecem
ber
31, 2
018
Non
-maj
orIn
tern
alW
ater
& S
ewer
Solid
Was
teE
nter
pris
eSe
rvic
eSy
stem
Fire
Com
mis
sion
Fund
sT
otal
Fund
sA
SSE
TS
Cur
rent
Ass
ets:
Cas
h an
d ca
sh e
quiv
alen
ts $
1
6,88
0,45
8 $
1
,473
,288
$
12,
922,
948
$
3,8
75,4
54
$
3
5,15
2,14
8 $
4
,102
,001
R
estri
cted
cas
h
7
25,9
45
60,0
85
-
3
48,0
64
1,1
34,0
94
-
Acc
ount
s rec
eiva
ble,
net
of a
llow
ance
s
fo
r unc
olle
ctib
les
2
,224
,641
-
264
,889
274
,796
2
,764
,326
170
D
ue fr
om o
ther
gov
ernm
ents
1
,353
,558
45
,686
262
1
,126
,338
2
,525
,844
109
,439
D
ue fr
om o
ther
fund
s
1
31,4
78
3,9
93
-
3
21,9
19
4
57,3
90
3
44,0
71
Due
from
com
pone
nt u
nits
-
-
-
-
-
7
,786
P
repa
id it
ems
-
11
,967
-
13
,167
25
,134
5
,105
I
nven
torie
s
6
58,9
88
13,6
14
-
3
27,0
92
9
99,6
94
-
Tot
al C
urre
nt A
sset
s
2
1,97
5,06
8
1
,608
,633
13,
188,
099
6,2
86,8
30
4
3,05
8,63
0
4
,568
,572
Non
curr
ent A
sset
s: A
dvan
ces d
ue fr
om o
ther
fund
s
-
-
-
-
-
6
01,7
52
Pre
paid
bon
d in
sura
nce
47
,459
-
-
-
47
,459
- C
apita
l ass
ets
Non
-dep
reci
able
ass
ets
2
,920
,558
148
,424
365
,682
6
,043
,486
9
,478
,150
-
D
epre
ciab
le a
sset
s, ne
t of a
ccum
ulat
ed
dep
reci
atio
n
14
9,31
3,32
9
4
,932
,561
2
,823
,303
15,
319,
597
17
2,38
8,79
0
- T
otal
Non
curr
ent A
sset
s
15
2,28
1,34
6
5
,080
,985
3
,188
,985
21,
363,
083
18
1,91
4,39
9
601
,752
TO
TA
L A
SSE
TS
174,
256,
414
6,6
89,6
18
1
6,37
7,08
4
27,
649,
913
22
4,97
3,02
9
5
,170
,324
DE
FER
RE
D O
UT
FLO
WS
OF
RE
SOU
RC
ES
Def
erre
d ch
arge
on
refu
ndin
g
7
08,9
41
-
-
1
20,4
72
8
29,4
13
-
TO
TA
L D
EFE
RR
ED
OU
TFL
OW
S O
F R
ESO
UR
CE
S
7
08,9
41
-
-
1
20,4
72
8
29,4
13
-
con
tinue
d
Ent
erpr
ise
Fund
s
Maj
or E
nter
pris
e Fu
nds
See
acco
mpa
nyin
g no
tes t
o th
e ba
sic
finan
cial
stat
emen
ts.
32
CIT
Y O
F R
OM
E, G
EO
RG
IAST
AT
EM
EN
T O
F N
ET
PO
SIT
ION
PRO
PRIE
TA
RY
FU
ND
SD
ecem
ber
31, 2
018
Non
-maj
orIn
tern
alW
ater
& S
ewer
Solid
Was
teE
nter
pris
eSe
rvic
eSy
stem
Fire
Com
mis
sion
Fund
sT
otal
Fund
s
Ent
erpr
ise
Fund
s
Maj
or E
nter
pris
e Fu
nds
LIA
BIL
ITIE
SC
urre
nt L
iabi
litie
s: C
losu
re a
nd p
ostc
losu
re c
are,
cur
rent
$
- $
- $
234
,048
$
- $
234
,048
$
- R
even
ue b
onds
, cur
rent
671
,000
-
-
365
,000
1
,036
,000
- A
ccou
nts p
ayab
le
2
45,2
46
57,9
33
3
76,3
36
1
38,4
15
8
17,9
30
63,4
95
Ret
aina
ge p
ayab
le
1
67,2
46
-
-
-
1
67,2
46
-
Acc
rued
liab
ilitie
s
2
59,7
72
2
15,8
63
13,3
02
2
37,5
20
7
26,4
57
1,9
27
Une
arne
d re
venu
e
71,5
50
-
-
55,5
25
1
27,0
75
-
Due
to o
ther
fund
s
59,8
03
83,2
35
89,2
30
4
66,6
26
6
98,8
94
1
33
Com
pens
ated
abs
ence
s, cu
rren
t
2
74,9
88
6
68,1
62
18,5
58
1
83,6
79
1,1
45,3
87
-
Cla
ims p
ayab
le
-
-
-
-
-
6
75,0
00
Not
es p
ayab
le, c
urre
nt
1
08,2
25
-
-
-
1
08,2
25
-
Tot
al C
urre
nt L
iabi
litie
s
1,8
57,8
30
1,0
25,1
93
7
31,4
74
1,4
46,7
65
5,0
61,2
62
7
40,5
55
Lon
g-T
erm
Lia
bilit
ies:
Clo
sure
and
pos
tclo
sure
car
e, lo
ng-te
rm
-
-
8,8
83,9
89
-
8,8
83,9
89
-
Cus
tom
er d
epos
its
1,0
53,1
41
-
-
-
1,0
53,1
41
-
Rev
enue
bon
ds, l
ong-
term
19,
885,
455
-
-
2,0
65,5
17
2
1,95
0,97
2
- N
otes
pay
able
, lon
g-te
rm
1,9
45,3
80
-
-
-
1,9
45,3
80
-
Adv
ance
s due
to C
apita
l Fun
d
1
09,9
98
4
80,1
20
1
75,2
00
5
95,8
29
1,3
61,1
47
-
Com
pens
ated
abs
ence
s, lo
ng te
rm
91,6
63
2
22,7
21
6,1
89
62,5
60
3
83,1
33
-
Tot
al L
ong-
Ter
m L
iabi
litie
s
2
3,08
5,63
7
702
,841
9
,065
,378
2
,723
,906
35,
577,
762
-
TO
TA
L L
IAB
ILIT
IES
24,
943,
467
1,7
28,0
34
9,7
96,8
52
4,1
70,6
71
4
0,63
9,02
4
740
,555
NE
T P
OSI
TIO
N N
et in
vest
men
t in
capi
tal a
sset
s
13
0,21
2,98
1
5
,080
,985
3
,188
,985
19,
053,
038
15
7,53
5,98
9
- R
estri
cted
for d
ebt s
ervi
ce
725
,945
-
-
-
725
,945
- R
estri
cted
for E
OC
-
60
,085
-
-
60
,085
- U
nres
trict
ed
1
9,08
2,96
2
(
179,
486)
3,3
91,2
47
4,5
46,6
76
2
6,84
1,39
9
4
,429
,769
TO
TA
L N
ET
PO
SIT
ION
$
150,
021,
888
$
4,9
61,5
84
$
6,5
80,2
32
$
2
3,59
9,71
4 $
185,
163,
418
$
4,4
29,7
69
See
acco
mpa
nyin
g no
tes t
o th
e ba
sic
finan
cial
stat
emen
ts.
33
CIT
Y O
F R
OM
E, G
EO
RG
IAR
EC
ON
CIL
IAT
ION
OF
PRO
PRIE
TA
RY
FU
ND
NE
T P
OSI
TIO
N T
OB
USI
NE
SS T
YPE
AC
TIV
ITIE
S ST
AT
EM
EN
T O
F N
ET
PO
SIT
ION
Dec
embe
r 31
, 201
8
TO
TA
L P
RO
PRIE
TA
RY
FU
ND
NE
T P
OSI
TIO
N18
5,16
3,41
8$
Am
ount
s rep
orte
d fo
r bu
sine
ss ty
pe a
ctiv
ities
in th
e st
atem
ent o
f net
pos
ition
are
diff
eren
t bec
ause
:
Inte
rnal
serv
ice
fund
s are
use
d by
man
agem
ent t
o ch
arge
the
cost
s of c
erta
in a
ctiv
ities
such
as h
ealth
insu
ranc
e an
dw
orke
rs' c
ompe
nsat
ion
to in
divi
dual
fund
s. B
usin
ess t
ype
activ
ities
net
pos
ition
hav
e be
en in
crea
sed
by th
e ef
fect
of t
he in
tern
al se
rvic
e fu
nd's
net p
ositi
on.
2,65
7,86
1
NE
T P
OSI
TIO
N O
F B
USI
NE
SS T
YPE
AC
TIV
ITIE
S18
7,82
1,27
9$
See
acco
mpa
nyin
g no
tes t
o th
e ba
sic
finan
cial
stat
emen
ts.
34
CIT
Y O
F R
OM
E, G
EO
RG
IAST
AT
EM
EN
T O
F R
EV
EN
UE
S,E
XPE
NSE
S, A
ND
CH
AN
GE
S IN
FU
ND
NE
T P
OSI
TIO
NPR
OPR
IET
AR
Y F
UN
DS
For
the
Yea
r E
nded
Dec
embe
r 31
, 201
8
Non
-maj
orIn
tern
alW
ater
& S
ewer
Solid
Was
teE
nter
pris
eSe
rvic
eSy
stem
Fire
Com
mis
sion
Fund
sT
otal
Fund
sO
PER
AT
ING
RE
VE
NU
ES
Met
ered
sale
s23
,794
,964
$
-$
-
$
-$
23
,794
,964
$
-$
C
harg
es fo
r ser
vice
s 71
0,46
3
6,
391,
739
3,
274,
358
6,
392,
795
16
,769
,355
8,18
6,33
1
Mis
cella
neou
s13
,581
10
,571
-
37,6
72
61,8
24
-
TO
TA
L O
PER
AT
ING
RE
VE
NU
ES
24,5
19,0
08
6,
402,
310
3,
274,
358
6,
430,
467
40
,626
,143
8,18
6,33
1
OPE
RA
TIN
G E
XPE
NSE
SC
ost o
f goo
ds so
ld-
-
-
132,
116
132,
116
-
Sa
larie
s and
em
ploy
ee b
enef
its5,
637,
565
9,
599,
224
56
4,25
0
5,
584,
311
21
,385
,350
107,
393
Supp
lies
1,50
7,91
2
531,
857
240,
573
851,
947
3,13
2,28
9
-
M
aint
enan
ce a
nd re
pairs
821,
274
204,
734
165,
678
308,
441
1,50
0,12
7
-
O
ther
serv
ices
and
cha
rges
2,29
7,64
541
0,24
823
6,07
92,
382,
629
5,32
6,60
11,
644,
946
Dep
reci
atio
n6,
706,
675
54
8,38
2
69
0,31
5
1,
596,
932
9,
542,
304
-
Cla
ims
-
-
-
-
-
5,
119,
250
C
losu
re a
nd p
ostc
losu
re c
osts
-
-
449,
109
-
44
9,10
9
-
Adm
inis
trativ
e fe
es38
,750
-
-
-
38,7
50
356,
881
TO
TA
L O
PER
AT
ING
EX
PEN
SES
17,0
09,8
21
11
,294
,445
2,34
6,00
4
10,8
56,3
76
41
,506
,646
7,22
8,47
0
OPE
RA
TIN
G IN
CO
ME
(LO
SS)
7,50
9,18
7
(4,8
92,1
35)
92
8,35
4
(4
,425
,909
)
(880
,503
)
95
7,86
1
cont
inue
d
Ent
erpr
ise
Fund
s
Maj
or E
nter
pris
e Fu
nds
See
acco
mpa
nyin
g no
tes t
o th
e ba
sic
finan
cial
stat
emen
ts.
35
CIT
Y O
F R
OM
E, G
EO
RG
IAST
AT
EM
EN
T O
F R
EV
EN
UE
S,E
XPE
NSE
S, A
ND
CH
AN
GE
S IN
FU
ND
NE
T P
OSI
TIO
NPR
OPR
IET
AR
Y F
UN
DS
For
the
Yea
r E
nded
Dec
embe
r 31
, 201
8
Non
-maj
orIn
tern
alW
ater
& S
ewer
Solid
Was
teE
nter
pris
eSe
rvic
eSy
stem
Fire
Com
mis
sion
Fund
sT
otal
Fund
s
Ent
erpr
ise
Fund
s
Maj
or E
nter
pris
e Fu
nds
NO
N-O
PER
AT
ING
INC
OM
E (E
XPE
NSE
) I
nter
gove
rnm
enta
l rev
enue
-$
-
$
-$
94
5,06
8$
94
5,06
8$
19
2,03
6$
I
nter
gove
rnm
enta
l exp
ense
-
-
(444
,861
)
-
(4
44,8
61)
-
I
nter
est i
ncom
e25
1,26
1
14
,679
17
7,62
1
49
,914
49
3,47
5
67
,749
I
nter
est e
xpen
se(1
,080
,069
)
(7,7
74)
-
(117
,093
)
(1
,204
,936
)
-
G
ain
on d
ispo
sal o
f cap
ital a
sset
s33
,900
5,
273
-
8,13
5
47,3
08
-
TO
TA
L N
ON
-OPE
RA
TIN
G IN
CO
ME
(EX
PEN
SE)
(794
,908
)
12
,178
(2
67,2
40)
88
6,02
4
(1
63,9
46)
259,
785
INC
OM
E (L
OSS
) BE
FOR
E
CA
PIT
AL
CO
NT
RIB
UT
ION
S A
ND
TR
AN
SFE
RS
6,71
4,27
9
(4,8
79,9
57)
66
1,11
4
(3
,539
,885
)
(1,0
44,4
49)
1,
217,
646
Tr
ansf
ers i
n54
,471
6,
390,
000
-
2,85
2,13
1
9,29
6,60
2
-
Tran
sfer
s out
(1,6
35,9
75)
(1
,606
,518
)
(103
,239
)
(694
,439
)
(4
,040
,171
)
-
Cap
ital c
ontri
butio
ns-
167,
658
-
1,
297,
411
1,
465,
069
-
CH
AN
GE
IN N
ET
PO
SIT
ION
5,13
2,77
5
71,1
83
557,
875
(84,
782)
5,67
7,05
1
1,21
7,64
6
NE
T P
OSI
TIO
N -
BE
GIN
NIN
G O
F Y
EA
R14
4,88
9,11
3
4,
890,
401
6,
022,
357
23
,684
,496
179,
486,
367
3,21
2,12
3
NE
T P
OSI
TIO
N -
EN
D O
F Y
EA
R15
0,02
1,88
8$
4,
961,
584
$
6,
580,
232
$
23
,599
,714
$
185,
163,
418
$
4,42
9,76
9$
See
acco
mpa
nyin
g no
tes t
o th
e ba
sic
finan
cial
stat
emen
ts.
36
CH
AN
GE
IN N
ET
PO
SIT
ION
-PR
OPR
IET
AR
Y F
UN
DS
5,67
7,05
1$
Am
ount
s rep
orte
d fo
r bu
sine
ss ty
pe a
ctiv
ities
in th
e st
atem
ent o
f act
iviti
es a
re d
iffer
ent b
ecau
se:
Inte
rnal
serv
ice
fund
s are
use
d by
man
agem
ent t
o ch
arge
the
cost
s of c
erta
in a
ctiv
ities
such
as h
ealth
insu
ranc
e an
dw
orke
rs' c
ompe
nsat
ion
to in
divi
dual
fund
s. T
he e
ffec
t of c
urre
nt y
ear i
nter
nal s
ervi
ce fu
nd in
com
efo
r bus
ines
s typ
e ac
tiviti
es h
as b
een
incl
uded
.
730,
587
CH
AN
GE
IN N
ET
PO
SIT
ION
OF
BU
SIN
ESS
TY
PE A
CT
IVIT
IES
6,40
7,63
8$
For
the
Yea
r E
nded
Dec
embe
r 31
, 201
8
CIT
Y O
F R
OM
E, G
EO
RG
IAR
EC
ON
CIL
IAT
ION
OF
TH
E S
TA
TE
ME
NT
OF
RE
VE
NU
ES,
EX
PEN
SES,
AN
D C
HA
NG
ES
IN N
ET
PO
SIT
ION
OF
PRO
PRIE
TA
RY
FU
ND
ST
O T
HE
BU
SIN
ESS
TY
PE S
TA
TE
ME
NT
OF
AC
TIV
ITIE
S
See
acco
mpa
nyin
g no
tes t
o th
e ba
sic
finan
cial
stat
emen
ts.
37
Non
maj
orIn
tern
alW
ater
& S
ewer
Solid
Was
teE
nter
pris
eSe
rvic
eSy
stem
Fire
Com
mis
sion
Fund
sT
otal
Fund
s
CA
SH F
LO
WS
FRO
M O
PER
AT
ING
AC
TIV
ITIE
S
Rec
eipt
s fro
m c
usto
mer
s and
use
rs24
,473
,542
$
6,
387,
661
$
3,23
0,41
0$
5,
510,
297
$
39,6
01,9
10$
8,13
0,86
0$
Rec
eipt
s fro
m in
terf
und
serv
ices
pro
vide
d1,
239,
957
1,00
7
65
,258
255,
910
1,
562,
132
-
Pa
ymen
ts to
supp
liers
(4,9
99,2
43)
(1
,107
,005
)
(438
,437
)
(3,6
41,0
30)
(10,
185,
715)
(1
,979
,554
)
Pa
ymen
ts to
em
ploy
ees
(5,6
29,1
22)
(9
,507
,065
)
(567
,883
)
(5,5
64,9
68)
(21,
269,
038)
(1
07,3
93)
C
laim
s pai
d-
-
-
-
-
(5
,219
,250
)
Pa
ymen
ts fo
r int
erfu
nd se
rvic
es u
sed
(897
,211
)
(1
3,88
7)
-
-
(911
,098
)
(1
42,8
13)
Net
cas
h pr
ovid
ed (u
sed)
by
oper
atin
g ac
tiviti
es14
,187
,923
(4
,239
,289
)
2,28
9,34
8
(3
,439
,791
)
8,
798,
191
681,
850
CA
SH F
LO
WS
FRO
M N
ON
CA
PIT
AL
FIN
AN
CIN
G A
CT
IVIT
IES
Tr
ansf
er fr
om o
ther
fund
s54
,471
6,
390,
000
-
2,85
2,13
1
9,
296,
602
-
Tr
ansf
er to
oth
er fu
nds
(1,6
35,9
75)
(1
,606
,518
)
(103
,239
)
(694
,439
)
(4,0
40,1
71)
-
Adv
ance
s fro
m o
ther
fund
s-
56
0,14
0
-
128,
514
68
8,65
4
-
R
epay
men
t of a
dvan
ces f
rom
oth
er fu
nds
(120
,358
)
(1
23,6
21)
(29,
200)
(3
13,4
50)
(5
86,6
29)
-
In
terg
over
nmen
tal r
even
ue-
-
-
45
,618
45,6
18
192,
036
Inte
rgov
ernm
enta
l exp
ense
-
-
(444
,861
)
-
(444
,861
)
-
Subs
idy
from
fede
ral g
rant
-
-
-
899,
450
89
9,45
0
-
N
et c
ash
prov
ided
(use
d) b
y no
ncap
ital
fina
ncin
g ac
tiviti
es(1
,701
,862
)
5,22
0,00
1
(5
77,3
00)
2,
917,
824
5,85
8,66
3
19
2,03
6
CA
SH F
LO
WS
FRO
M C
API
TA
L A
ND
RE
LA
TE
D F
INA
NC
ING
AC
TIV
ITIE
S
Cap
ital c
ontri
butio
ns-
16
7,65
8
-
1,24
1,65
0
1,
409,
308
-
Pu
rcha
ses o
f cap
ital a
sset
s(4
,047
,434
)
(907
,343
)
-
(9
78,6
30)
(5
,933
,407
)
-
Pr
inci
pal p
aid
on c
apita
l deb
t(5
,296
,947
)
-
-
(350
,000
)
(5,6
46,9
47)
-
Inte
rest
pai
d on
cap
ital d
ebt
(1,0
80,0
69)
(7
,774
)
-
(1
17,0
93)
(1
,204
,936
)
-
A
dvan
ces t
o ot
her f
unds
-
-
-
-
-
150,
000
Proc
eeds
from
sale
s of c
apita
l ass
ets
33,9
00
5,27
3
-
10
,664
49,8
37
-
N
et c
ash
prov
ided
(use
d) b
y ca
pita
l
a
nd re
late
d fin
anci
ng a
ctiv
ities
(10,
390,
550)
(7
42,1
86)
-
(193
,409
)
(11,
326,
145)
15
0,00
0
cont
inue
d
Ent
erpr
ise
Fund
s
CIT
Y O
F R
OM
E, G
EO
RG
IAST
AT
EM
EN
T O
F C
ASH
FL
OW
SPR
OPR
IET
AR
Y F
UN
DS
For
the
Yea
r E
nded
Dec
embe
r 31
, 201
8
Maj
or P
ropr
ieta
ry F
unds
See
acco
mpa
nyin
g no
tes t
o th
e ba
sic
finan
cial
stat
emen
ts.
38
Non
maj
orIn
tern
alW
ater
& S
ewer
Solid
Was
teE
nter
pris
eSe
rvic
eSy
stem
Fire
Com
mis
sion
Fund
sT
otal
Fund
s
Ent
erpr
ise
Fund
s
CIT
Y O
F R
OM
E, G
EO
RG
IAST
AT
EM
EN
T O
F C
ASH
FL
OW
SPR
OPR
IET
AR
Y F
UN
DS
For
the
Yea
r E
nded
Dec
embe
r 31
, 201
8
Maj
or P
ropr
ieta
ry F
unds
CA
SH F
LO
WS
FRO
M IN
VE
STIN
G
AC
TIV
ITIE
S
In
tere
st re
ceiv
ed25
1,26
1$
14,6
79$
177,
621
$
49
,914
$
493,
475
$
67
,749
$
N
et c
ash
prov
ided
by
inve
stin
g ac
tiviti
es25
1,26
1
14,6
79
177,
621
49
,914
493,
475
67
,749
N
et in
crea
se (d
ecre
ase)
in c
ash
and
cash
equ
ival
ents
2,34
6,77
2
25
3,20
5
1,88
9,66
9
(6
65,4
62)
3,
824,
184
1,09
1,63
5
Cas
h an
d ca
sh e
quiv
alen
ts, J
anua
ry 1
15,2
59,6
31
1,28
0,16
8
11
,033
,279
4,
888,
980
32,4
62,0
58
3,01
0,36
6
C
ash
and
cash
equ
ival
ents
, Dec
embe
r 31
17,6
06,4
03$
1,53
3,37
3$
12
,922
,948
$
4,
223,
518
$
36,2
86,2
42$
4,10
2,00
1$
Rec
onci
liatio
n of
Cas
h an
d C
ash
Equ
ival
ents
:
Cas
h an
d ca
sh e
quiv
alen
ts16
,880
,458
$
1,
473,
288
$
12,9
22,9
48$
3,87
5,45
4$
35
,152
,148
$
4,
102,
001
$
C
ash
and
cash
equ
ival
ents
- re
stric
ted
725,
945
60
,085
-
34
8,06
4
1,13
4,09
4
-
To
tal c
ash
and
cash
equ
ival
ents
17,6
06,4
03$
1,53
3,37
3$
12
,922
,948
$
4,
223,
518
$
36,2
86,2
42$
4,10
2,00
1$
cont
inue
d
See
acco
mpa
nyin
g no
tes t
o th
e ba
sic
finan
cial
stat
emen
ts.
39
Non
maj
orIn
tern
alW
ater
& S
ewer
Solid
Was
teE
nter
pris
eSe
rvic
eSy
stem
Fire
Com
mis
sion
Fund
sT
otal
Fund
s
Ent
erpr
ise
Fund
s
CIT
Y O
F R
OM
E, G
EO
RG
IAST
AT
EM
EN
T O
F C
ASH
FL
OW
SPR
OPR
IET
AR
Y F
UN
DS
For
the
Yea
r E
nded
Dec
embe
r 31
, 201
8
Maj
or P
ropr
ieta
ry F
unds
Rec
onci
liatio
n of
ope
ratin
g in
com
e (lo
ss) t
o
net c
ash
prov
ided
(use
d) b
y op
erat
ing
ac
tiviti
es:
O
pera
ting
inco
me
(loss
)7,
509,
187
$
(4,8
92,1
35)
$
92
8,35
4$
(4,4
25,9
09)
$
(880
,503
)$
95
7,86
1$
A
djus
tmen
ts to
reco
ncile
ope
ratin
g
inc
ome
(loss
) to
net c
ash
prov
ided
(use
d)
by
oper
atin
g ac
tiviti
es:
Dep
reci
atio
n ex
pens
e6,
706,
675
548,
382
69
0,31
5
1,59
6,93
2
9,
542,
304
-
Am
ortiz
atio
n(2
19,5
74)
-
-
7,83
5
(2
11,7
39)
-
(Inc
reas
e) d
ecre
ase
in a
ccou
nts r
ecei
vabl
e60
,110
(1
4,64
9)
(44,
042)
24
,346
25,7
65
556
(I
ncre
ase)
dec
reas
e in
due
from
oth
er g
over
nmen
ts(9
6,57
6)
-
94
(9
43,8
13)
(1
,040
,295
)
(68,
252)
(I
ncre
ase)
dec
reas
e in
due
from
oth
er fu
nds
1,23
9,95
7
1,
007
1,20
2
(4
9,20
7)
1,19
2,95
9
(1
18,4
96)
Incr
ease
in d
ue fr
om c
ompo
nent
uni
t-
-
-
(2
,350
)
(2
,350
)
-
In
crea
se in
pre
paid
item
s-
(1
1,96
7)
-
(4,0
00)
(15,
967)
-
(I
ncre
ase)
dec
reas
e in
inve
ntor
ies
(5,0
97)
166
-
(2
,877
)
(7
,808
)
-
In
crea
se (d
ecre
ase)
in a
ccou
nts p
ayab
le a
nd a
ccru
ed li
abili
ties
(151
,414
)
51
,635
65
3,00
2
40,1
65
59
3,38
8
(77,
727)
In
crea
se in
reta
inag
e pa
yabl
e45
,983
-
-
-
45
,983
-
D
ecre
ase
in d
ue to
oth
er g
over
nmen
ts(3
,560
)
-
-
(4
,620
)
(8
,180
)
-
In
crea
se (d
ecre
ase)
in c
ompe
nsat
ed a
bsen
ces p
ayab
le8,
443
92,1
59
(3,6
33)
19,3
43
11
6,31
2
-
Dec
reas
e in
une
arne
d re
venu
e(9
,000
)
-
-
(7
03)
(9
,703
)
-
In
crea
se (d
ecre
ase)
in d
ue to
oth
er fu
nds
(897
,211
)
(1
3,88
7)
64,0
56
30
5,39
8
(541
,644
)
(1
2,09
2)
Dec
reas
e in
due
to c
ompo
nent
uni
t-
-
-
(3
31)
(3
31)
-
To
tal a
djus
tmen
ts6,
678,
736
652,
846
1,
360,
994
986,
118
9,
678,
694
(276
,011
)
Net
cas
h pr
ovid
ed (u
sed)
by
oper
atin
g ac
tiviti
es14
,187
,923
$
(4
,239
,289
)$
2,28
9,34
8$
(3
,439
,791
)$
8,
798,
191
$
681,
850
$
Sche
dule
of n
on-c
ash
capi
tal a
nd r
elat
ed fi
nanc
ing
activ
ities
:
Con
tribu
tions
of c
apita
l ass
ets
-$
-$
-$
55,7
61$
55
,761
$
-
$
See
acco
mpa
nyin
g no
tes t
o th
e ba
sic
finan
cial
stat
emen
ts.
40
Flex
ible
Spen
ding
Fun
d
ASS
ET
S
Cas
h $
35,2
03
TO
TA
L A
SSE
TS
35
,203
NE
T P
OSI
TIO
N
Hel
d in
trus
t for
flex
ible
spen
ding
35
,203
TO
TA
L N
ET
PO
SIT
ION
$
35
,203
Dec
embe
r 31
, 201
8
STA
TE
ME
NT
OF
FID
UC
IAR
Y N
ET
PO
SIT
ION
CIT
Y O
F R
OM
E, G
EO
RG
IA
EM
PLO
YE
E B
EN
EFI
T T
RU
ST F
UN
D
See
acco
mpa
nyin
g no
tes t
o th
e ba
sic
finan
cial
stat
emen
ts.
41
Flex
ible
Spen
ding
Fund
AD
DIT
ION
S
Con
tribu
tions
$
163,
183
In
vest
men
t ear
ning
s
1
14
To
tal a
dditi
ons
163,
297
DE
DU
CT
ION
S
Cla
ims p
aid
154,
726
To
tal d
educ
tions
154,
726
NE
T IN
CR
EA
SE
8,5
71
NE
T P
OSI
TIO
N H
EL
D IN
TR
UST
FOR
FL
EX
IBL
E S
PEN
DIN
G
NE
T P
OSI
TIO
N, B
EG
INN
ING
OF
YE
AR
26,
632
NE
T P
OST
ION
, EN
D O
F Y
EA
R $
3
5,20
3
CIT
Y O
F R
OM
E, G
EO
RG
IAST
AT
EM
EN
T O
F C
HA
NG
ES
IN F
IDU
CIA
RY
NE
T P
OSI
TIO
NE
MPL
OY
EE
BE
NE
FIT
TR
UST
FU
ND
For
the
Yea
r E
nded
Dec
embe
r 31
, 201
8
See
acco
mpa
nyin
g no
tes t
o th
e ba
sic
finan
cial
stat
emen
ts.
42
NO
TE
S T
O T
HE
FIN
AN
CIA
L S
TA
TE
ME
NT
S
The
note
s to
the
finan
cial
stat
emen
ts a
re a
par
t of t
he b
asic
fina
ncia
l st
atem
ents
and
pre
sent
add
ition
al d
etai
led
info
rmat
ion
to
am
ount
s pre
sent
ed o
n th
e fa
ce o
f the
stat
emen
ts.
43
City
of R
ome,
Geo
rgia
NO
TE
S T
O T
HE
FIN
AN
CIA
L S
TA
TE
ME
NT
S
Dec
embe
r 31
, 201
8
NO
TE
I - S
UM
MA
RY
OF
SIG
NIF
ICA
NT
AC
CO
UN
TIN
G P
OL
ICIE
S A
. R
epor
ting
Ent
ity
The
City
of R
ome
oper
ates
und
er a
Com
mis
sion
er-M
anag
er fo
rm o
f gov
ernm
ent a
nd p
rovi
des
the
follo
win
g se
rvic
es a
s au
thor
ized
by
its c
harte
r: p
ublic
saf
ety
(pol
ice
and
fire)
, hi
ghw
ays
and
stre
ets,
sani
tatio
n, h
ealth
and
soc
ial
serv
ices
, cu
lture
, re
crea
tion,
edu
catio
n, p
ublic
im
prov
emen
ts,
plan
ning
and
zon
ing,
and
gen
eral
ad
min
istra
tive
serv
ices
. A
s re
quire
d by
gen
eral
ly a
ccep
ted
acco
untin
g pr
inci
ples
, th
ese
finan
cial
sta
tem
ents
pre
sent
the
City
(th
e “p
rimar
y go
vern
men
t”)
and
its
com
pone
nt u
nits
. Th
e co
mpo
nent
uni
ts a
re in
clud
ed in
the
City
's re
porti
ng e
ntity
bec
ause
of t
he si
gnifi
canc
e of
thei
r ope
ratio
nal o
r fin
anci
al re
latio
nshi
ps w
ith th
e C
ity.
Unl
ess
othe
rwis
e in
dica
ted,
the
"City
" re
fers
to th
e pr
imar
y go
vern
men
t. T
he C
ity's
blen
ded
com
pone
nt u
nits
are
repo
rted
as if
they
are
a p
art o
f the
City
bec
ause
thei
r so
le p
urpo
se is
to p
rovi
de se
rvic
es to
the
City
. D
iscr
etel
y pr
esen
ted
com
pone
nt u
nits
that
are
pre
sent
ed in
the
City
of R
ome
finan
cial
stat
emen
ts a
re re
porte
d in
sepa
rate
co
lum
ns in
the
gove
rnm
ent-w
ide
stat
emen
ts to
em
phas
ize
that
they
are
lega
lly s
epar
ate
from
the
City
. Ea
ch d
iscr
etel
y pr
esen
ted
com
pone
nt u
nit h
as a
Dec
embe
r 31
ye
ar e
nd, e
xcep
t for
the
Rom
e B
oard
of E
duca
tion,
whi
ch h
as a
June
30
fisca
l yea
r end
. B
lend
ed C
ompo
nent
Uni
ts
City
of R
ome
Publ
ic F
acili
ties,
Inc.
- Th
is e
ntity
is g
over
ned
by a
thre
e m
embe
r boa
rd a
ppoi
nted
by
the
Rom
e C
ity C
omm
issi
on.
Alth
ough
it is
lega
lly s
epar
ate
from
th
e C
ity, i
t is
repo
rted
as a
pro
prie
tary
fund
type
in th
e C
ity's
finan
cial
sta
tem
ents
. Th
e so
le p
urpo
se is
to fi
nanc
e an
d co
nstru
ct c
erta
in C
ity fa
cilit
ies
and
to a
ccou
nt fo
r th
eir s
ubse
quen
t act
iviti
es.
Sepa
rate
fina
ncia
l sta
tem
ents
are
not
pre
pare
d fo
r thi
s com
pone
nt u
nit.
City
of
Rom
e R
ecre
atio
nal F
acili
ties
Aut
horit
y -
This
ent
ity is
gov
erne
d by
a f
ive
mem
ber
boar
d ap
poin
ted
by th
e R
ome
City
Com
mis
sion
. A
lthou
gh it
is le
gally
se
para
te fr
om th
e C
ity, t
he A
utho
rity’
s act
ivity
rela
ted
to th
e re
finan
cing
of t
he d
ebt f
or th
e St
oneb
ridge
Gol
f Clu
b, w
hich
is o
wne
d an
d op
erat
ed b
y th
e C
ity, i
s rep
orte
d w
ithin
the
Mun
icip
al G
olf
Fund
, a p
ropr
ieta
ry f
und
in th
e C
ity's
finan
cial
sta
tem
ents
. Th
e A
utho
rity
also
issu
ed B
onds
for
the
City
of R
ome
Tenn
is C
ente
r at B
erry
C
olle
ge t
hat
is r
epor
ted
in t
he S
PLO
ST f
und
due
to r
epay
men
t be
ing
mad
e ou
t fr
om S
PLO
ST f
undi
ng.
Sep
arat
e fin
anci
al s
tate
men
ts a
re n
ot p
repa
red
for
this
co
mpo
nent
uni
t.
D
iscr
etel
y Pr
esen
ted
Com
pone
nt U
nits
R
ome
Boa
rd o
f Ed
ucat
ion
- Th
e R
ome
Boa
rd o
f Ed
ucat
ion
(the
"Boa
rd")
ope
rate
s th
e R
ome
City
Sch
ool
Syst
em.
Fin
anci
ng i
s pr
ovid
ed b
y pr
oper
ty t
axes
and
co
ntrib
utio
ns fr
om th
e St
ate
of G
eorg
ia.
The
Boa
rd is
fisc
ally
dep
ende
nt u
pon
the
City
bec
ause
the
City
Com
mis
sion
app
rove
s th
e bu
dget
s, ap
prov
es ta
x ra
te, p
rovi
des
fund
ing
and
issu
es d
ebt o
n be
half
of th
e B
oard
. Th
e B
oard
is p
rese
nted
as
a go
vern
men
tal f
und
type
. C
ompl
ete
finan
cial
sta
tem
ents
for t
he R
ome
Boa
rd o
f Edu
catio
n m
ay b
e ob
tain
ed a
t 508
Eas
t 2nd
Stre
et, R
ome,
Geo
rgia
301
61.
City
of R
ome,
Geo
rgia
NO
TE
S T
O T
HE
FIN
AN
CIA
L S
TA
TE
ME
NT
S
Dec
embe
r 31
, 201
8 44
NO
TE
I - S
UM
MA
RY
OF
SIG
NIF
ICA
NT
AC
CO
UN
TIN
G P
OL
ICIE
S –
Con
tinue
d
A.
Rep
ortin
g E
ntity
- C
ontin
ued
Gre
ater
Rom
e C
onve
ntio
n &
Vis
itors
Bur
eau
- The
Gre
ater
Rom
e C
onve
ntio
n an
d V
isito
rs B
urea
u (th
e "B
urea
u") p
rom
otes
tour
ism
and
con
vent
ion
activ
ity fo
r the
City
. Fi
nanc
ing
is p
rovi
ded
by a
spe
cial
hot
el/m
otel
tax.
The
Bur
eau
is fi
scal
ly d
epen
dent
upo
n th
e C
ity b
ecau
se th
e C
ity C
omm
issi
on a
ppoi
nts
a vo
ting
maj
ority
of t
he b
oard
m
embe
rs a
nd a
ppro
ves
the
budg
et, b
ut d
oes
not c
ontro
l ope
ratio
ns o
f th
e B
urea
u.
The
Bur
eau
is p
rese
nted
as
a go
vern
men
tal f
und
type
. Se
para
te c
ompo
nent
uni
t fin
anci
al st
atem
ents
are
not
pre
pare
d fo
r the
Gre
ater
Rom
e C
onve
ntio
n an
d V
isito
rs B
urea
u.
B.
Bas
is o
f Pre
sent
atio
n Th
e C
ity’s
bas
ic fi
nanc
ial s
tate
men
ts c
onsi
st o
f gov
ernm
ent-w
ide
stat
emen
ts, i
nclu
ding
a st
atem
ent o
f net
pos
ition
and
a st
atem
ent o
f act
iviti
es fo
llow
ed b
y fu
nd fi
nanc
ial
stat
emen
ts w
hich
will
pro
vide
a m
ore
deta
iled
leve
l of f
inan
cial
info
rmat
ion.
G
over
nmen
t-w
ide
Fina
ncia
l St
atem
ents
– T
he g
over
nmen
t-wid
e fin
anci
al s
tate
men
ts (
i.e.,
the
stat
emen
t of
net
pos
ition
and
the
sta
tem
ent
of a
ctiv
ities
) re
port
info
rmat
ion
on a
ll of
the
non-
fiduc
iary
act
iviti
es o
f the
prim
ary
gove
rnm
ent a
nd it
s co
mpo
nent
uni
ts.
For t
he m
ost p
art,
the
effe
ct o
f int
erfu
nd a
ctiv
ity h
as b
een
rem
oved
fr
om th
ese
stat
emen
ts.
Gov
ernm
enta
l act
iviti
es w
hich
nor
mal
ly a
re s
uppo
rted
by ta
xes,
inte
rgov
ernm
enta
l rev
enue
s, an
d C
ity g
ener
al r
even
ues
are
repo
rted
sepa
rate
ly
from
bus
ines
s ty
pe a
ctiv
ities
whi
ch r
ely
on a
sig
nific
ant
exte
nt o
n fe
es a
nd c
harg
es f
or s
uppo
rt fr
om e
xter
nal
user
s. L
ikew
ise,
the
prim
ary
gove
rnm
ent
is r
epor
ted
sepa
rate
ly f
rom
any
leg
ally
sep
arat
e di
scre
tely
pre
sent
ed c
ompo
nent
uni
ts f
or w
hich
the
prim
ary
gove
rnm
ent
is f
inan
cial
ly a
ccou
ntab
le.
The
stat
emen
t of
act
iviti
es
dem
onst
rate
s th
e de
gree
to w
hich
the
dire
ct e
xpen
ses
of e
ach
func
tion
of th
e C
ity a
re o
ffse
t by
prog
ram
reve
nues
. D
irect
exp
ense
s ar
e th
ose
that
are
cle
arly
iden
tifia
ble
with
a s
peci
fic fu
nctio
n. P
rogr
am re
venu
es in
clud
e l)
char
ges
to c
usto
mer
s w
ho p
urch
ase,
use
, or d
irect
ly b
enef
it fr
om th
e go
ods,
serv
ices
, or p
rivile
ges
prov
ided
by
a di
stin
ct fu
nctio
n 2)
ope
ratin
g gr
ants
and
con
tribu
tions
rest
ricte
d to
the
oper
atio
nal n
eeds
of a
par
ticul
ar fu
nctio
n an
d 3)
cap
ital g
rant
s an
d co
ntrib
utio
ns re
stric
ted
for t
he
acqu
isiti
on o
r con
stru
ctio
n of
cap
ital a
sset
s. T
axes
and
oth
er re
venu
e so
urce
s no
t pro
perly
incl
uded
with
pro
gram
reve
nues
are
repo
rted
as g
ener
al re
venu
es o
f the
City
. Th
is c
ompa
rison
of
dire
ct e
xpen
ses
with
pro
gram
rev
enue
s do
es id
entif
y th
e ex
tent
to w
hich
eac
h go
vern
men
tal f
unct
ion
is s
elf
finan
cing
or
is s
ubsi
dize
d by
gen
eral
re
venu
es.
Sep
arat
e fin
anci
al s
tate
men
ts a
re p
rovi
ded
for
gove
rnm
enta
l fu
nds,
prop
rieta
ry f
unds
and
fid
ucia
ry f
unds
eve
n th
ough
the
lat
ter
are
excl
uded
fro
m t
he
gove
rnm
ent-w
ide
finan
cial
sta
tem
ents
. M
ajor
indi
vidu
al g
over
nmen
tal f
unds
and
maj
or in
divi
dual
ent
erpr
ise
fund
s ar
e re
porte
d as
sep
arat
e co
lum
ns in
the
fund
fina
ncia
l st
atem
ents
. Fu
nd F
inan
cial
Sta
tem
ents
– G
over
nmen
tal
Fund
fin
anci
al s
tate
men
ts i
nclu
de a
Bal
ance
She
et a
nd a
Sta
tem
ent
of R
even
ues,
Expe
nditu
res
and
Cha
nges
in
Fund
B
alan
ces
for
all m
ajor
gov
ernm
enta
l fun
ds a
nd n
on-m
ajor
fun
ds a
ggre
gate
d. G
over
nmen
tal F
und
finan
cial
sta
tem
ents
are
rep
orte
d us
ing
the
curr
ent f
inan
cial
res
ourc
e m
easu
rem
ent
focu
s an
d th
e m
odifi
ed a
ccru
al b
asis
of
acco
untin
g.
Acc
ordi
ngly
, onl
y cu
rren
t ass
ets,
defe
rred
inflo
ws
of r
esou
rces
and
liab
ilitie
s ar
e in
clud
ed o
n th
e ba
lanc
e sh
eets
. T
he S
tate
men
t of
Rev
enue
s, Ex
pend
iture
s an
d C
hang
es i
n Fu
nd B
alan
ce p
rese
nt i
ncre
ases
(re
venu
es a
nd o
ther
fin
anci
ng r
esou
rces
) an
d de
crea
ses
(exp
endi
ture
s and
oth
er fi
nanc
ing
uses
) in
fund
bal
ance
.
City
of R
ome,
Geo
rgia
NO
TE
S T
O T
HE
FIN
AN
CIA
L S
TA
TE
ME
NT
S
Dec
embe
r 31
, 201
8 45
NO
TE
I - S
UM
MA
RY
OF
SIG
NIF
ICA
NT
AC
CO
UN
TIN
G P
OL
ICIE
S –
Con
tinue
d B
. B
asis
of P
rese
ntat
ion
– C
ontin
ued
Th
e C
ity re
ports
the
follo
win
g m
ajor
gov
ernm
enta
l fun
ds:
Gen
eral
Fun
d - T
he g
ener
al o
pera
ting
fund
of t
he C
ity is
use
d to
acc
ount
for a
ll of
the
finan
cial
reso
urce
s of t
he g
ener
al g
over
nmen
t exc
ept t
hose
requ
ired
to b
e ac
coun
ted
for i
n ot
her f
unds
.
Cap
ital F
und
- Thi
s fun
d ac
coun
ts fo
r the
acq
uisi
tion
of c
apita
l ass
ets o
r con
stru
ctio
n of
maj
or c
apita
l pro
ject
s not
bei
ng fi
nanc
ed b
y pr
oprie
tary
or f
iduc
iary
fund
s.
SPLO
ST F
und
- Thi
s fun
d ac
coun
ts fo
r the
acq
uisi
tion
of c
apita
l ass
ets o
r con
stru
ctio
n of
maj
or c
apita
l pro
ject
s fin
ance
d by
SPL
OST
pro
ceed
s. Ta
x A
lloca
tion
Dis
trict
Fun
d - T
his f
und
acco
unts
for f
unds
for i
mpr
ovem
ents
with
in th
e sp
ecia
l tax
dis
trict
s.
The
City
repo
rts th
e fo
llow
ing
maj
or P
ropr
ieta
ry F
unds
: W
ater
& S
ewer
Sys
tem
Fun
d - T
his f
und
acco
unts
for a
ll ac
tivity
in th
e pr
ovis
ion
of w
ater
and
sew
er se
rvic
es to
the
resi
dent
s of t
he C
ity a
nd C
ount
y.
Fire
Fun
d - T
his f
und
acco
unts
for a
ll ac
tiviti
es in
the
prov
isio
n of
fire
pro
tect
ion
serv
ices
to th
e re
side
nts o
f the
City
and
the
Cou
nty.
So
lid W
aste
Com
mis
sion
Fun
d - T
his
fund
acc
ount
s fo
r all
activ
ities
ass
ocia
ted
with
the
prov
isio
n of
sol
id w
aste
dis
posa
l for
City
and
Cou
nty
resi
dent
s at
the
Wal
ker
Mou
ntai
n an
d B
erry
hill
land
fills
. A
dditi
onal
ly, t
he C
ity re
ports
the
follo
win
g fu
nd ty
pes:
G
over
nmen
tal F
und
Typ
es
Spec
ial R
even
ue F
unds
- T
his
fund
type
is u
sed
to a
ccou
nt f
or p
roce
eds
of s
peci
fic r
even
ue s
ourc
es (
othe
r th
an m
ajor
cap
ital p
roje
cts)
that
are
lega
lly r
estri
cted
or
com
mitt
ed to
exp
endi
ture
s for
spec
ific
purp
oses
. C
apita
l Pro
ject
s Fun
ds -
This
fund
type
acc
ount
s for
cap
ital p
roje
ct e
xpen
ditu
res n
ot fi
nanc
ed th
roug
h pr
oprie
tary
or f
iduc
iary
fund
s.
Prop
riet
ary
Fund
Typ
es
Ente
rpris
e Fu
nds
- Thi
s fu
nd ty
pe is
use
d to
acc
ount
for o
pera
tions
that
(a) a
re fi
nanc
ed a
nd o
pera
ted
in a
man
ner s
imila
r to
priv
ate
busi
ness
ent
erpr
ise
whe
re th
e in
tent
of
the
City
is th
at th
e co
sts
(incl
udin
g de
prec
iatio
n) o
f pro
vidi
ng th
e go
ods
and
serv
ices
be
finan
ced
or re
cove
red
prim
arily
thro
ugh
user
cha
rges
or (
b) w
here
the
City
ha
s de
cide
d th
at a
per
iodi
c de
term
inat
ion
of a
n in
crea
se o
r de
crea
se i
n ne
t po
sitio
n is
app
ropr
iate
for
cap
ital
mai
nten
ance
, pu
blic
pol
icy,
man
agem
ent
cont
rol,
acco
unta
bilit
y, o
r oth
er p
urpo
ses.
Inte
rnal
Ser
vice
Fun
ds -
Thi
s fu
nd t
ype
acco
unts
for
the
fin
anci
ng o
f go
ods
or s
ervi
ces
prov
ided
by
one
depa
rtmen
t to
oth
er d
epar
tmen
ts,
agen
cies
, or
oth
er
gove
rnm
enta
l uni
ts o
n a
cost
reim
burs
emen
t bas
is.
The
City
acc
ount
s for
the
prov
isio
n of
hea
lth c
are
and
wor
kers
’ com
pens
atio
n cl
aim
s in
inte
rnal
serv
ice
fund
s.
City
of R
ome,
Geo
rgia
NO
TE
S T
O T
HE
FIN
AN
CIA
L S
TA
TE
ME
NT
S
Dec
embe
r 31
, 201
8 46
NO
TE
I - S
UM
MA
RY
OF
SIG
NIF
ICA
NT
AC
CO
UN
TIN
G P
OL
ICIE
S –
Con
tinue
d
B
. B
asis
of P
rese
ntat
ion
– C
ontin
ued
Fi
duci
ary
Fund
Typ
e Tr
ust F
und
- Thi
s fu
nd ty
pe is
use
d to
acc
ount
for a
sset
s he
ld b
y th
e C
ity a
s an
age
nt o
r tru
stee
to b
e in
vest
ed a
nd e
xpen
ded
in a
ccor
danc
e w
ith th
e co
nditi
ons
of th
e tru
stee
cap
acity
. T
he C
ity u
ses
this
fun
d to
acc
ount
for
the
fle
xibl
e sp
endi
ng a
ctiv
ity t
hrou
gh p
ayro
ll de
duct
ion
from
em
ploy
ees’
pay
chec
ks a
nd t
he s
ubse
quen
t pa
ymen
t of m
edic
al o
r dep
ende
nt c
are
expe
nses
. C
. M
easu
rem
ent F
ocus
– B
asis
of A
ccou
ntin
g G
over
nmen
t-w
ide
Fina
ncia
l Sta
tem
ents
– T
he G
over
nmen
t-wid
e Fi
nanc
ial S
tate
men
ts a
re re
porte
d us
ing
the
econ
omic
reso
urce
s m
easu
rem
ent f
ocus
and
the
accr
ual
basi
s of
acc
ount
ing
as a
re th
e pr
oprie
tary
and
fid
ucia
ry f
und
stat
emen
ts.
Rev
enue
s ar
e re
cord
ed w
hen
earn
ed a
nd e
xpen
ses
are
reco
rded
whe
n a
liabi
lity
is in
curr
ed,
rega
rdle
ss o
f the
tim
ing
of th
e re
late
d ca
sh fl
ows.
Fund
Fin
anci
al S
tate
men
ts –
All
gove
rnm
enta
l fun
ds a
re a
ccou
nted
for
usi
ng th
e cu
rren
t fin
anci
al r
esou
rce
mea
sure
men
t foc
us a
nd th
e m
odifi
ed a
ccru
al b
asis
of
acco
untin
g. R
even
ues a
re re
cogn
ized
as s
oon
as th
ey a
re b
oth
mea
sura
ble
and
avai
labl
e. R
even
ues a
re c
onsi
dere
d av
aila
ble
whe
n th
ey a
re c
olle
ctib
le w
ithin
the
curr
ent
perio
d or
soo
n en
ough
ther
eafte
r to
pay
liabi
litie
s of
the
curr
ent p
erio
d. F
or th
is p
urpo
se, t
he g
over
nmen
t con
side
rs ta
x re
venu
es a
vaila
ble
if th
ey a
re c
olle
cted
with
in
sixt
y (6
0) d
ays
of th
e en
d of
the
curr
ent f
isca
l per
iod
and
one
year
for
all
othe
r re
venu
es.
Rev
enue
s ge
nera
lly s
usce
ptib
le to
acc
rual
are
pro
perty
taxe
s, sa
les
taxe
s, lic
ense
s, an
d ot
her c
harg
es fo
r ser
vice
s. E
xpen
ditu
res
are
gene
rally
reco
rded
whe
n a
liabi
lity
is in
curr
ed e
xcep
t for
deb
t ser
vice
exp
endi
ture
s an
d ex
pend
iture
s re
late
d to
com
pens
ated
abs
ence
s an
d cl
aim
s w
hich
are
nor
mal
ly re
cord
ed w
hen
paym
ent i
s du
e. G
over
nmen
tal f
und
finan
cial
sta
tem
ents
ther
efor
e in
clud
e re
conc
iliat
ion
to th
e en
tity-
wid
e st
atem
ent t
o id
entif
y th
ese
diff
eren
ces.
As
in t
he g
over
nmen
t-wid
e st
atem
ents
, al
l pr
oprie
tary
fun
d ty
pes
are
acco
unte
d fo
r on
an
econ
omic
res
ourc
e m
easu
rem
ent
leve
l. T
he S
tate
men
t of
Net
Pos
ition
in
clud
es a
ll as
sets
, lia
bilit
ies,
defe
rred
out
flow
s, an
d de
ferr
ed in
flow
s and
the
Stat
emen
t of C
hang
es in
Net
Pos
ition
pre
sent
incr
ease
s (i.e
., re
venu
es) a
nd d
ecre
ases
(i.e
., ex
pens
es) i
n to
tal N
et P
ositi
on.
As
a ge
nera
l rul
e, th
e ef
fect
s of
inte
rfun
d ac
tivity
hav
e be
en e
limin
ated
from
the
gove
rnm
ent-w
ide
finan
cial
stat
emen
ts.
Exce
ptio
ns to
this
gen
eral
rule
are
use
r cha
rges
be
twee
n th
e en
terp
rise
fund
s and
oth
er fu
nctio
ns o
f the
gov
ernm
ent w
here
by e
xclu
sion
may
dis
tort
the
dire
ct c
osts
and
pro
gram
reve
nues
for t
he fu
nctio
ns c
once
rned
. Pr
oprie
tary
fund
s di
stin
guis
h op
erat
ing
reve
nues
and
exp
ense
s fr
om n
onop
erat
ing
item
s. O
pera
ting
reve
nues
and
exp
ense
s ge
nera
lly re
sult
from
pro
vidi
ng se
rvic
es a
nd
prod
ucin
g an
d de
liver
ing
good
s in
conn
ectio
n w
ith a
pro
prie
tary
fund
’s p
rinci
pal o
ngoi
ng o
pera
tions
. O
pera
ting
expe
nses
of e
nter
pris
e fu
nds a
nd in
tern
al se
rvic
e fu
nds
incl
ude
the
cost
of s
ales
and
ser
vice
s, ad
min
istra
tion
expe
nses
, and
dep
reci
atio
n on
cap
ital a
sset
s. A
ll re
venu
es a
nd e
xpen
ses
not m
eetin
g th
is d
efin
ition
are
repo
rted
as
nono
pera
ting
reve
nues
and
exp
ense
s.
City
of R
ome,
Geo
rgia
NO
TE
S T
O T
HE
FIN
AN
CIA
L S
TA
TE
ME
NT
S
Dec
embe
r 31
, 201
8 47
NO
TE
I - S
UM
MA
RY
OF
SIG
NIF
ICA
NT
AC
CO
UN
TIN
G P
OL
ICIE
S –
Con
tinue
d D
. A
sset
s, D
efer
red
Out
flow
s/In
flow
s of R
esou
rces
, Lia
bilit
ies a
nd E
quity
1.
D
epos
its a
nd In
vest
men
ts
The
City
’s c
ash
and
cash
equ
ival
ents
are
con
side
red
to b
e ca
sh o
n ha
nd, d
eman
d de
posi
ts, a
nd s
hort-
term
inve
stm
ents
with
orig
inal
mat
uriti
es o
f thr
ee m
onth
s or
less
fr
om th
e da
te o
f acq
uisi
tion.
Th
e lo
cal
gove
rnm
ent
inve
stm
ent
pool
, “G
eorg
ia F
und
1,”
crea
ted
by O
CG
A 3
6-83
-8, i
s a
stab
le a
sset
val
ue i
nves
tmen
t po
ol, w
hich
fol
low
s St
anda
rd a
nd P
oor’
s cr
iteria
for
AA
Af
rate
d m
oney
mar
ket f
und
and
is r
egul
ated
by
the
Geo
rgia
Off
ice
of th
e St
ate
Trea
sure
r. Th
e po
ol is
not
reg
iste
red
with
the
SEC
as
an in
vest
men
t co
mpa
ny. T
he p
ool’s
prim
ary
obje
ctiv
es a
re s
afet
y of
cap
ital,
inve
stm
ent i
ncom
e, li
quid
ity a
nd d
iver
sific
atio
n w
hile
mai
ntai
ning
prin
cipa
l ($1
per
sha
re v
alue
). Th
e as
set v
alue
is c
alcu
late
d w
eekl
y to
ens
ure
stab
ility
. The
poo
l dis
tribu
tes
earn
ings
(net
of m
anag
emen
t fee
s) o
n a
mon
thly
bas
is a
nd d
eter
min
es p
artic
ipan
ts’ s
hare
s so
ld
and
rede
emed
bas
ed o
n $1
per
shar
e. T
he p
ool a
lso
adju
sts t
he v
alue
of i
ts in
vest
men
ts to
fair
mar
ket v
alue
as o
f yea
r-en
d an
d th
e C
ity’s
inve
stm
ent i
n th
e G
eorg
ia F
und
1 is
repo
rted
at fa
ir va
lue.
The
City
con
side
rs a
mou
nts h
eld
in G
eorg
ia F
und
1 as
cas
h eq
uiva
lent
s for
fina
ncia
l sta
tem
ent p
rese
ntat
ions
. In
crea
ses o
r dec
reas
es in
fair
valu
e du
ring
the
year
are
reco
gniz
ed a
s a c
ompo
nent
of i
nter
est i
ncom
e.
2.
Inve
stm
ents
Th
e C
ity’s
non
parti
cipa
ting
inte
rest
-ear
ning
inve
stm
ent c
ontra
cts
are
reco
rded
at c
ost.
The
rem
aini
ng in
vest
men
ts a
re re
cord
ed a
t fai
r val
ue. I
ncre
ases
or d
ecre
ases
in
the
fair
valu
e du
ring
the
year
are
reco
gniz
ed a
s a c
ompo
nent
of i
nter
est i
ncom
e.
3.
Rec
eiva
bles
and
Pay
able
s Tr
ansa
ctio
ns b
etw
een
fund
s tha
t are
repr
esen
tativ
e of
lend
ing/
borr
owin
g ar
rang
emen
ts o
utst
andi
ng a
t the
end
of t
he fi
scal
yea
r are
refe
rred
to a
s "ad
vanc
es to
/from
oth
er
fund
s".
All
othe
r out
stan
ding
bal
ance
s be
twee
n fu
nds
are
repo
rted
as "
due
to/fr
om o
ther
fund
s".
Any
adv
ance
s be
twee
n fu
nds
are
offs
et b
y a
fund
bal
ance
rest
rictio
n ac
coun
t in
appl
icab
le g
over
nmen
tal f
unds
to in
dica
te th
ey a
re n
ot a
vaila
ble
for a
ppro
pria
tion
and
are
not e
xpen
dabl
e av
aila
ble
finan
cial
reso
urce
s. T
hese
am
ount
s ar
e el
imin
ated
in th
e go
vern
men
tal a
nd b
usin
ess-
type
act
iviti
es c
olum
n of
the
Stat
emen
t of N
et P
ositi
on e
xcep
t for
any
net
resi
dual
am
ount
s due
bet
wee
n go
vern
men
tal a
nd
busi
ness
type
act
iviti
es, w
hich
are
recl
assi
fied
and
pres
ente
d as
inte
rnal
bal
ance
s. 4.
In
vent
orie
s In
vent
orie
s ar
e va
lued
at c
ost u
sing
the
first
-in, f
irst-o
ut (F
IFO
) met
hod.
The
cos
ts o
f gov
ernm
enta
l fun
d-ty
pe in
vent
orie
s are
reco
rded
as e
xpen
ditu
res w
hen
cons
umed
ra
ther
than
whe
n pu
rcha
sed.
City
of R
ome,
Geo
rgia
NO
TE
S T
O T
HE
FIN
AN
CIA
L S
TA
TE
ME
NT
S
Dec
embe
r 31
, 201
8 48
NO
TE
I - S
UM
MA
RY
OF
SIG
NIF
ICA
NT
AC
CO
UN
TIN
G P
OL
ICIE
S –
Con
tinue
d
D.
Ass
ets,
Def
erre
d O
utflo
ws/
Inflo
ws o
f Res
ourc
es, L
iabi
litie
s and
Equ
ity –
Con
tinue
d 5.
R
estr
icte
d A
sset
s C
erta
in r
esou
rces
are
cla
ssifi
ed a
s re
stric
ted
asse
ts o
n th
e ba
lanc
e sh
eet
beca
use
thei
r us
e is
lim
ited
by a
pplic
able
bon
d co
vena
nts,
or o
ther
ext
erna
l le
gisl
atio
n or
re
stric
tions
. A
pplic
able
exp
ense
s are
pai
d fr
om re
stric
ted
asse
ts fi
rst.
6.
Pr
epai
d It
ems
C
erta
in p
aym
ents
to v
endo
rs re
flect
ing
cost
s app
licab
le to
per
iods
bey
ond
Dec
embe
r 31,
201
8 ar
e re
cord
ed a
s pre
paid
item
s.
7.
C
apita
l Ass
ets
Cap
ital a
sset
s, w
hich
incl
ude
prop
erty
, pla
nt, e
quip
men
t and
infr
astru
ctur
e as
sets
(e.
g.,
road
s, br
idge
s, si
dew
alks
, and
sim
ilar
item
s), a
re r
epor
ted
in th
e ap
plic
able
go
vern
men
tal o
r bus
ines
s-ty
pe a
ctiv
ities
col
umns
in th
e go
vern
men
t-wid
e fin
anci
al s
tate
men
ts.
Cap
ital e
quip
men
t ass
ets
are
defin
ed b
y th
e go
vern
men
t as
asse
ts w
ith
an in
itial
indi
vidu
al c
ost o
f mor
e th
an $
5,00
0 an
d an
est
imat
ed li
fe o
f mor
e th
an o
ne fi
scal
yea
r. S
uch
asse
ts a
re re
cord
ed a
t act
ual c
ost o
r est
imat
ed h
isto
rical
cos
t if
actu
al c
osts
are
not
ava
ilabl
e. T
hey
are
upda
ted
for a
dditi
ons
and
retir
emen
ts d
urin
g th
e ye
ar.
Don
ated
cap
ital a
sset
s ar
e re
cord
ed a
t est
imat
ed a
cqui
sitio
n va
lue
at th
e da
te o
f do
natio
n.
The
cost
s of
nor
mal
mai
nten
ance
and
rep
airs
tha
t do
not
add
to
the
valu
e of
the
ass
et o
r m
ater
ially
ext
end
the
asse
ts’
lives
are
exp
ense
d.
Impr
ovem
ents
to c
apita
l ass
ets
are
capi
taliz
ed.
Inte
rest
incu
rred
dur
ing
the
cons
truct
ion
of c
apita
l ass
ets
for
busi
ness
-type
act
iviti
es is
cap
italiz
ed.
The
City
had
no
capi
taliz
ed in
tere
st d
urin
g th
e cu
rren
t yea
r.
Cur
rent
acc
ount
ing
stan
dard
s re
quire
the
City
to
repo
rt an
d de
prec
iate
inf
rast
ruct
ure
asse
ts.
Thes
e as
sets
inc
lude
s ro
ads,
brid
ges,
dam
s &
lev
ees,
curb
& g
utte
rs,
side
wal
ks, a
nd tr
affic
sig
nals
& s
igna
ge.
The
curr
ent f
inan
cial
sta
tem
ents
incl
ude
thes
e in
fras
truct
ure
amou
nts
with
app
licab
le a
ccum
ulat
ed d
epre
ciat
ion.
All
capi
tal
asse
ts a
re d
epre
ciat
ed e
xcep
t fo
r la
nd a
nd c
onst
ruct
ion
in p
rogr
ess.
Est
imat
ed u
sefu
l liv
es f
or i
nfra
stru
ctur
e ar
e ba
sed
on h
isto
rical
rec
ords
of
mai
nten
ance
and
re
plac
emen
t. In
fras
truct
ure
asse
ts a
cqui
red
prio
r to
Dec
embe
r 31,
198
0 ar
e in
clud
ed in
the
amou
nts
repo
rted.
Dep
reci
atio
n is
com
pute
d us
ing
the
stra
ight
-line
met
hod
over
the
estim
ated
use
ful l
ife.
G
over
nmen
tal
Bus
ines
s-Ty
pe
Act
iviti
es
Act
iviti
es
Des
crip
tion
Est
imat
ed L
ives
E
stim
ated
Liv
es
Impr
ovem
ents
oth
er th
an b
uild
ings
10
– 60
yea
rs
1
0 –
60 y
ears
B
uild
ings
4
0 –
60 y
ears
40
– 60
yea
rs
Mac
hine
ry a
nd e
quip
men
t
3 –
15
year
s
3
– 15
yea
rs
Infr
astru
ctur
e
4
0 –
60 y
ears
20
– 40
yea
rs
Veh
icle
s
3 –
5 y
ears
3
– 5
yea
rs
City
of R
ome,
Geo
rgia
NO
TE
S T
O T
HE
FIN
AN
CIA
L S
TA
TE
ME
NT
S
Dec
embe
r 31
, 201
8 49
NO
TE
I - S
UM
MA
RY
OF
SIG
NIF
ICA
NT
AC
CO
UN
TIN
G P
OL
ICIE
S –
Con
tinue
d D
. A
sset
s, D
efer
red
Out
flow
s/In
flow
s of R
esou
rces
, Lia
bilit
ies a
nd E
quity
– C
ontin
ued
8.
C
ompe
nsat
ed A
bsen
ces
It is
the
City
’s p
olic
y to
per
mit
empl
oyee
s to
acc
umul
ate
earn
ed b
ut u
nuse
d va
catio
n be
nefit
s. N
o lia
bilit
y is
repo
rted
for u
npai
d ac
cum
ulat
ed s
ick
leav
e. A
ccum
ulat
ed
unpa
id v
acat
ion
leav
e is
acc
rued
whe
n in
curr
ed in
the
gove
rnm
ent-w
ide
and
prop
rieta
ry fu
nd fi
nanc
ial s
tate
men
ts.
The
liab
ility
in th
e pr
oprie
tary
fund
s is
reco
rded
as
an e
xpen
se a
nd a
liab
ility
in th
ose
fund
s as t
he b
enef
its a
re a
ccru
ed.
In g
over
nmen
tal f
und
type
s, a
liabi
lity
is re
cord
ed o
nly
if th
e be
nefit
has
mat
ured
and
is e
xpec
ted
to
be li
quid
ated
with
cur
rent
fina
ncia
l res
ourc
es.
Sick
leav
e is
not
pai
d up
on te
rmin
atio
n, b
ut is
app
lied
to th
e ye
ars
of s
ervi
ce c
redi
t use
d to
det
erm
ine
retir
emen
t ben
efits
if th
e em
ploy
ee re
mai
ns e
mpl
oyed
by
the
City
un
til re
tirem
ent.
Acc
ordi
ngly
, acc
umul
ated
unu
sed
sick
leav
e is
not
reco
rded
as a
liab
ility
. Th
ere
is n
o m
axim
um a
mou
nt o
f sic
k le
ave
that
may
be
accu
mul
ated
.
9.
Una
vaila
ble
Rev
enue
U
nava
ilabl
e re
venu
es a
rise
whe
n po
tent
ial r
even
ue d
oes
not m
eet b
oth
the
"mea
sura
ble"
and
"av
aila
ble"
crit
eria
for
rec
ogni
tion
in th
e cu
rren
t per
iod.
In
sub
sequ
ent
perio
ds, w
hen
both
rev
enue
rec
ogni
tion
crite
ria a
re m
et, t
he d
efer
red
inflo
w o
f re
sour
ces
for
unav
aila
ble
reve
nue
is r
emov
ed f
rom
the
bala
nce
shee
t and
rev
enue
is
reco
gniz
ed.
On
the
gove
rnm
enta
l fun
d fin
anci
al s
tate
men
ts, p
rope
rty ta
xes
rece
ivab
le n
ot c
olle
cted
with
in s
ixty
(60)
day
s of
yea
r end
is re
cord
ed a
s def
erre
d in
flow
of
reso
urce
s. G
rant
s an
d en
title
men
ts re
ceiv
ed b
efor
e th
e tim
ing
requ
irem
ents
are
met
are
als
o re
cord
ed a
s de
ferr
ed in
flow
of r
esou
rces
. G
rant
s an
d en
title
men
ts re
ceiv
ed
befo
re o
ther
elig
ibili
ty re
quire
men
ts a
re m
et a
re re
porte
d as
une
arne
d re
venu
e in
liab
ilitie
s. In
the
gove
rnm
ent-w
ide
finan
cial
sta
tem
ents
, the
se a
mou
nts
are
reco
gniz
ed
to c
ompl
y w
ith th
e fu
ll ac
crua
l mea
sure
men
t crit
eria
. 10
. L
ong-
Ter
m O
blig
atio
ns
In th
e go
vern
men
t-wid
e fin
anci
al s
tate
men
ts a
nd p
ropr
ieta
ry fu
nd ty
pes
in th
e fu
nd fi
nanc
ial s
tate
men
ts, a
ll lo
ng te
rm d
ebt a
nd o
ther
long
term
obl
igat
ions
are
repo
rted
as li
abili
ties
in th
e ap
plic
able
gov
ernm
enta
l act
iviti
es, b
usin
ess
type
act
iviti
es o
r pr
oprie
tary
fun
d ty
pe s
tate
men
t of
net p
ositi
on.
Bon
d pr
emiu
ms
and
disc
ount
s ar
e ac
crue
d an
d am
ortiz
ed o
ver t
he te
rm o
f the
bon
ds u
sing
the
effe
ctiv
e in
tere
st m
etho
d. B
onds
pay
able
are
repo
rted
net o
f the
app
licab
le b
ond
prem
ium
s an
d di
scou
nts.
Is
suan
ce c
osts
are
exp
ense
d in
the
perio
d in
whi
ch th
ey a
re in
curr
ed.
In th
e fu
nd f
inan
cial
sta
tem
ents
, gov
ernm
enta
l fun
d ty
pes
reco
gniz
e bo
nd p
rem
ium
s an
d di
scou
nts,
as w
ell a
s bo
nd is
suan
ce c
osts
in th
e cu
rren
t per
iod.
Th
e fa
ce
amou
nt o
f the
deb
t iss
ued
is re
porte
d as
oth
er fi
nanc
ing
sour
ces.
Pre
miu
ms
rece
ived
on
debt
issu
ance
are
repo
rted
as o
ther
fina
ncin
g so
urce
s w
hile
dis
coun
ts o
n de
bt
issu
ance
are
repo
rted
as o
ther
fina
ncin
g us
es.
Issu
ance
cos
ts, w
heth
er o
r not
with
held
from
the
actu
al d
ebt p
roce
eds,
are
repo
rted
as d
ebt s
ervi
ce e
xpen
ditu
res.
City
of R
ome,
Geo
rgia
NO
TE
S T
O T
HE
FIN
AN
CIA
L S
TA
TE
ME
NT
S
Dec
embe
r 31
, 201
8 50
NO
TE
I - S
UM
MA
RY
OF
SIG
NIF
ICA
NT
AC
CO
UN
TIN
G P
OL
ICIE
S - C
ontin
ued
D.
Ass
ets,
Def
erre
d O
utflo
ws/
Inflo
ws o
f Res
ourc
es, L
iabi
litie
s and
Equ
ity –
Con
tinue
d
11.
Fund
Equ
ity
Fu
nd e
quity
at t
he g
over
nmen
tal f
und
finan
cial
repo
rting
leve
l is c
lass
ified
as “
fund
bal
ance
.” F
und
equi
ty fo
r all
othe
r rep
ortin
g is
cla
ssifi
ed a
s “ne
t pos
ition
.”
Fund
Bal
ance
G
ener
ally
, fun
d ba
lanc
e re
pres
ents
the
diff
eren
ce b
etw
een
the
asse
ts, d
efer
red
inflo
ws
of r
esou
rces
, and
liab
ilitie
s un
der
the
curr
ent f
inan
cial
res
ourc
es m
anag
emen
t fo
cus
of a
ccou
ntin
g. I
n th
e fu
nd fi
nanc
ial s
tate
men
ts, g
over
nmen
tal f
unds
repo
rt fu
nd b
alan
ce c
lass
ifica
tions
that
com
pris
e a
hier
arch
y ba
sed
prim
arily
on
the
exte
nt to
w
hich
the
City
is b
ound
to h
onor
con
stra
ints
on
the
spec
ific
purp
ose
for w
hich
am
ount
s in
thos
e fu
nds c
an b
e sp
ent.
Fu
nd b
alan
ces a
re c
lass
ified
as f
ollo
ws:
Non
spen
dabl
e –
Fund
bal
ance
s ar
e re
porte
d as
non
spen
dabl
e w
hen
amou
nts
cann
ot b
e sp
ent b
ecau
se th
ey a
re e
ither
(a) n
ot in
spe
ndab
le fo
rm (i
.e.,
item
s th
at a
re
not e
xpec
ted
to b
e co
nver
ted
to c
ash)
or (
b) le
gally
or c
ontra
ctua
lly re
quire
d to
be
mai
ntai
ned
inta
ct.
Re
stri
cted
– F
und
bala
nces
are
rep
orte
d as
res
trict
ed w
hen
ther
e ar
e lim
itatio
ns im
pose
d on
thei
r us
e ei
ther
thro
ugh
enab
ling
legi
slat
ion
adop
ted
by th
e C
ity o
r th
roug
h ex
tern
al re
stric
tions
impo
sed
by c
redi
tors
, gra
ntor
s, la
ws o
r reg
ulat
ions
of o
ther
gov
ernm
ents
.
Com
mitt
ed –
Fun
d ba
lanc
es a
re r
epor
ted
as c
omm
itted
whe
n th
ey c
an b
e us
ed o
nly
for
spec
ific
purp
oses
pur
suan
t to
cons
train
ts im
pose
d by
a r
esol
utio
n of
the
City
Com
mis
sion
. O
nly
the
City
Com
mis
sion
may
mod
ify o
r res
cind
the
com
mitm
ent a
lso
thro
ugh
a re
solu
tion.
Assi
gned
– F
und
bala
nces
are
repo
rted
as a
ssig
ned
whe
n am
ount
s are
con
stra
ined
by
the
City
’s in
tent
to b
e us
ed fo
r spe
cific
pur
pose
s, bu
t are
nei
ther
rest
ricte
d no
r co
mm
itted
. Th
e C
ity C
omm
issi
on h
as p
asse
d a
reso
lutio
n, w
hich
has
exp
ress
ly d
eleg
ated
to th
e Fi
nanc
e D
irect
or th
e au
thor
ity to
ass
ign
fund
s fo
r pa
rticu
lar
purp
oses
.
Una
ssig
ned
– Fu
nd b
alan
ces
are
repo
rted
as u
nass
igne
d as
the
res
idua
l am
ount
whe
n th
e ba
lanc
es d
o no
t m
eet
any
of t
he a
bove
crit
erio
n.
The
City
rep
orts
po
sitiv
e un
assi
gned
fund
bal
ance
onl
y in
the
Gen
eral
Fun
d. T
he C
ity in
tend
s to
mai
ntai
n an
una
ssig
ned
fund
bal
ance
in th
e G
ener
al F
und
betw
een
ten
and
twen
ty
perc
ent o
f the
ope
ratin
g bu
dget
or a
n am
ount
equ
al to
2 m
onth
s’ o
pera
ting
expe
nditu
res.
Flow
Ass
umpt
ions
– W
hen
both
res
trict
ed a
nd u
nres
trict
ed a
mou
nts
of f
und
bala
nce
are
avai
labl
e fo
r us
e fo
r ex
pend
iture
s in
curr
ed, i
t is
the
City
’s p
olic
y to
use
re
stric
ted
amou
nts
first
and
then
unr
estri
cted
am
ount
s as
they
are
nee
ded.
For
unr
estri
cted
am
ount
s of
fund
bal
ance
, it i
s th
e C
ity’s
pol
icy
to u
se fu
nd b
alan
ce in
the
follo
win
g or
der:
(1) C
omm
itted
, (2)
Ass
igne
d, (3
) Una
ssig
ned.
City
of R
ome,
Geo
rgia
NO
TE
S T
O T
HE
FIN
AN
CIA
L S
TA
TE
ME
NT
S
Dec
embe
r 31
, 201
8 51
NO
TE
I - S
UM
MA
RY
OF
SIG
NIF
ICA
NT
AC
CO
UN
TIN
G P
OL
ICIE
S - C
ontin
ued
D.
Ass
ets,
Def
erre
d O
utflo
ws/
Inflo
ws o
f Res
ourc
es, L
iabi
litie
s and
Equ
ity –
Con
tinue
d
11.
Fund
Equ
ity -
Con
tinue
d N
et P
ositi
on
Net
pos
ition
repr
esen
ts th
e di
ffer
ence
bet
wee
n as
sets
, def
erre
d ou
tflow
s of
reso
urce
s, lia
bilit
ies,
and
defe
rred
inflo
ws o
f res
ourc
es fo
r act
iviti
es a
nd fu
nds w
hich
use
the
accr
ual b
asis
of a
ccou
ntin
g. A
mou
nts
show
n as
net
inve
stm
ent i
n ca
pita
l ass
ets
are
mad
e up
of c
apita
l ass
et c
osts
, net
of a
ccum
ulat
ed d
epre
ciat
ion
and
any
outs
tand
ing
debt
use
d to
acq
uire
, con
stru
ct o
r im
prov
e th
e as
soci
ated
ass
ets.
Net
pos
ition
is re
porte
d as
rest
ricte
d w
hen
ther
e ar
e le
gal l
imita
tions
or e
xter
nal r
estri
ctio
ns im
pose
d up
on th
eir u
se.
All
othe
r net
pos
ition
is re
porte
d as
unr
estri
cted
. Th
e C
ity a
pplie
s res
trict
ed re
sour
ces f
irst w
hen
an e
xpen
se is
incu
rred
for p
urpo
ses f
or w
hich
bot
h re
stric
ted
and
unre
stric
ted
net p
ositi
on is
ava
ilabl
e.
12.
Pens
ions
Fo
r pu
rpos
es o
f m
easu
ring
the
net
pens
ion
liabi
lity,
def
erre
d ou
tflow
s of
res
ourc
es a
nd d
efer
red
inflo
ws
of r
esou
rces
rel
ated
to
pens
ions
, an
d pe
nsio
n ex
pens
e,
info
rmat
ion
abou
t the
fid
ucia
ry n
et p
ositi
on o
f th
e C
ity o
f R
ome
Ret
irem
ent P
lan
(the
“Pla
n”) a
nd a
dditi
ons
to/d
educ
tions
from
the
Plan
's fid
ucia
ry n
et p
ositi
on h
ave
been
det
erm
ined
on
the
sam
e ba
sis
as th
ey a
re re
porte
d by
the
Plan
. For
this
pur
pose
, ben
efit
paym
ents
(inc
ludi
ng re
fund
s of
em
ploy
ee c
ontri
butio
ns) a
re re
cogn
ized
w
hen
due
and
paya
ble
in a
ccor
danc
e w
ith th
e be
nefit
term
s. In
vest
men
ts a
re re
porte
d at
fair
valu
e.
13.
Cap
ital C
ontr
ibut
ions
C
apita
l con
tribu
tions
in th
e pr
oprie
tary
fund
fina
ncia
l sta
tem
ents
aris
e fr
om o
utsi
de c
ontri
butio
ns o
f gra
nts
and
othe
r fin
anci
al re
sour
ces
rest
ricte
d to
cap
ital a
cqui
sitio
n an
d co
nstru
ctio
n.
14.
Use
s of E
stim
ates
in th
e Pr
epar
atio
n of
Fin
anci
al S
tate
men
ts
The
prep
arat
ion
of fi
nanc
ial s
tate
men
ts in
con
form
ity w
ith g
ener
ally
acc
epte
d ac
coun
ting
prin
cipl
es re
quire
s man
agem
ent t
o m
ake
estim
ates
and
ass
umpt
ions
that
aff
ect
the
repo
rted
amou
nts o
f ass
ets,
defe
rred
out
flow
s/in
flow
s of r
esou
rces
, and
liab
ilitie
s, di
sclo
sure
of c
ontin
gent
ass
ets a
nd li
abili
ties a
t the
dat
e of
the
finan
cial
stat
emen
ts
and
the
repo
rted
amou
nt o
f rev
enue
s and
exp
ense
s dur
ing
the
repo
rting
per
iod.
Act
ual r
esul
ts c
ould
diff
er fr
om th
ese
estim
ates
. 15
. D
efer
red
outf
low
s/in
flow
s of r
esou
rces
In a
dditi
on to
ass
ets,
the
stat
emen
t of
finan
cial
pos
ition
will
som
etim
es r
epor
t a s
epar
ate
sect
ion
for
defe
rred
out
flow
s of
res
ourc
es. T
his
sepa
rate
fin
anci
al s
tate
men
t el
emen
t, de
ferr
ed o
utflo
ws
of r
esou
rces
, rep
rese
nts
a co
nsum
ptio
n of
net
pos
ition
that
app
lies
to a
fut
ure
perio
d(s)
and
so
will
not
be
reco
gniz
ed a
s an
out
flow
of
reso
urce
s (e
xpen
se/e
xpen
ditu
re) u
ntil
then
. One
item
that
qua
lifie
s fo
r re
porti
ng in
this
cat
egor
y is
the
defe
rred
cha
rge
on re
fund
ing
repo
rted
in th
e go
vern
men
t-wid
e st
atem
ent o
f net
pos
ition
. A d
efer
red
char
ge o
n re
fund
ing
resu
lts fr
om th
e di
ffer
ence
in th
e ca
rryi
ng v
alue
of r
efun
ded
debt
and
its
reac
quis
ition
pric
e. T
his
amou
nt is
de
ferr
ed a
nd a
mor
tized
ove
r the
shor
ter o
f the
life
of t
he re
fund
ed o
r ref
undi
ng d
ebt.
City
of R
ome,
Geo
rgia
NO
TE
S T
O T
HE
FIN
AN
CIA
L S
TA
TE
ME
NT
S
Dec
embe
r 31
, 201
8 52
NO
TE
I - S
UM
MA
RY
OF
SIG
NIF
ICA
NT
AC
CO
UN
TIN
G P
OL
ICIE
S - C
ontin
ued
D.
Ass
ets,
Def
erre
d O
utflo
ws/
Inflo
ws o
f Res
ourc
es, L
iabi
litie
s and
Equ
ity –
Con
tinue
d
15.
Def
erre
d ou
tflo
ws/
inflo
ws o
f res
ourc
es -
Con
tinue
d
In a
dditi
on to
liab
ilitie
s, th
e st
atem
ent o
f fin
anci
al p
ositi
on w
ill s
omet
imes
repo
rt a
sepa
rate
sec
tion
for d
efer
red
inflo
ws
of re
sour
ces.
This
sep
arat
e fin
anci
al s
tate
men
t el
emen
t, de
ferr
ed in
flow
s of
reso
urce
s, re
pres
ents
an
acqu
isiti
on o
f net
pos
ition
that
app
lies
to a
futu
re p
erio
d(s)
and
so
will
not
be
reco
gniz
ed a
s an
inflo
w o
f res
ourc
es
(rev
enue
) un
til th
at ti
me.
The
City
has
two
type
s of
thes
e de
ferr
als,
whi
ch a
rise
only
und
er a
mod
ified
acc
rual
bas
is o
f ac
coun
ting
that
qua
lify
for
repo
rting
in th
is
cate
gory
. Acc
ordi
ngly
, tho
se it
ems,
the
unav
aila
ble
reve
nue
and
the
effe
ctiv
e he
dge
on th
e de
ferr
al o
f fai
r val
ue, a
re re
porte
d on
ly in
the
gove
rnm
enta
l fun
d’s
bala
nce
shee
t. Th
e go
vern
men
tal f
unds
repo
rt un
avai
labl
e re
venu
es fr
om o
ne s
ourc
e, p
rope
rty ta
xes.
Thes
e am
ount
s ar
e de
ferr
ed a
nd re
cogn
ized
as
inflo
ws
of re
sour
ces
in th
e pe
riod
that
the
amou
nts b
ecom
e av
aila
ble.
Th
e C
ity a
lso
has
defe
rred
inf
low
s of
res
ourc
es a
nd d
efer
red
outfl
ows
of r
esou
rces
rel
ated
to
the
reco
rdin
g of
cha
nges
in
its n
et p
ensi
on l
iabi
lity
and
tota
l ot
her
post
empl
oym
ent b
enef
it (O
PEB
) lia
bilit
y. C
erta
in c
hang
es in
the
net p
ensi
on li
abili
ty a
nd to
tal O
PEB
liab
ility
are
reco
gniz
ed a
s pe
nsio
n an
d O
PEB
exp
ense
ove
r tim
e in
stea
d of
all
bein
g re
cogn
ized
in th
e ye
ar o
f oc
curr
ence
. Ex
perie
nce
gain
s or
loss
es r
esul
t fro
m p
erio
dic
stud
ies
by th
e C
ity’s
act
uary
whi
ch a
djus
t the
net
pen
sion
lia
bilit
y an
d to
tal O
PEB
liab
ility
for a
ctua
l exp
erie
nce
for c
erta
in tr
end
info
rmat
ion
that
was
pre
viou
sly
assu
med
, for
exa
mpl
e th
e as
sum
ed d
ates
of r
etire
men
t of p
lan
mem
bers
. Th
ese
expe
rienc
e ga
ins
or lo
sses
are
reco
rded
as
defe
rred
out
flow
s of
reso
urce
s or
def
erre
d in
flow
s of
reso
urce
s an
d ar
e am
ortiz
ed in
to p
ensi
on a
nd O
PEB
ex
pens
e ov
er th
e ex
pect
ed re
mai
ning
serv
ice
lives
of p
lan
mem
bers
. C
hang
es in
act
uaria
l ass
umpt
ions
whi
ch a
djus
t the
net
pen
sion
liab
ility
and
tota
l OPE
B li
abili
ty a
re
also
reco
rded
as
defe
rred
out
flow
s of
reso
urce
s or
def
erre
d in
flow
s of
reso
urce
s and
are
am
ortiz
ed in
to p
ensi
on a
nd O
PEB
exp
ense
ove
r the
exp
ecte
d re
mai
ning
serv
ice
lives
of
plan
mem
bers
. T
he d
iffer
ence
bet
wee
n pr
ojec
ted
inve
stm
ent
retu
rn o
n pe
nsio
n in
vest
men
ts a
nd a
ctua
l re
turn
on
thos
e in
vest
men
ts i
s al
so d
efer
red
and
amor
tized
aga
inst
pen
sion
exp
ense
ove
r a fi
ve y
ear p
erio
d. A
dditi
onal
ly, a
ny c
ontri
butio
ns m
ade
by th
e C
ity to
the
pens
ion
plan
and
OPE
B p
lan
befo
re y
ear e
nd b
ut
subs
eque
nt to
the
mea
sure
men
t dat
e of
the
City
’s n
et p
ensi
on li
abili
ty a
nd to
tal O
PEB
liab
ility
are
repo
rted
as d
efer
red
outfl
ows o
f res
ourc
es.
NO
TE
II -
STE
WA
RD
SHIP
, CO
MPL
IAN
CE
AN
D A
CC
OU
NT
AB
ILIT
Y
A
. B
udge
tary
Info
rmat
ion
In
Aug
ust o
f eac
h ye
ar, a
ll de
partm
ents
of t
he C
ity s
ubm
it a
budg
etar
y re
ques
t to
the
City
Man
ager
. In
Nov
embe
r, th
e C
ity M
anag
er p
rese
nts
the
prop
osed
bud
gets
to
the
Fina
nce
Com
mitt
ee o
f the
City
Com
mis
sion
. Th
e C
ity C
omm
issi
on a
dopt
s th
e fin
al b
udge
ts in
Dec
embe
r of e
ach
year
. D
urin
g th
e ye
ar, t
he C
ity m
ade
budg
etar
y am
endm
ents
tota
ling
$1,6
48,2
80 th
at w
ere
appr
oved
by
the
City
Com
mis
sion
. Th
e m
ain
reas
on fo
r the
se a
men
dmen
ts w
as to
bet
ter a
lign
budg
eted
exp
endi
ture
s w
ith
actu
al re
venu
es.
This
info
rmat
ion
was
not
ava
ilabl
e du
ring
the
orig
inal
bud
get p
roce
ss.
B
udge
tary
app
ropr
iatio
ns a
re m
ade
at th
e ob
ject
leve
l with
in e
ach
depa
rtmen
t. T
he le
gal l
evel
of
budg
etar
y co
ntro
l is
at th
e de
partm
ent l
evel
. B
udge
t am
endm
ents
w
hich
aff
ect a
dep
artm
ent's
tota
l app
ropr
iatio
ns o
r tra
nsfe
rs b
etw
een
fund
s m
ust b
e au
thor
ized
by
the
City
Com
mis
sion
thro
ugh
a bu
dget
revi
sion
. A
ll ap
prop
riatio
ns
laps
e at
yea
r end
.
City
of R
ome,
Geo
rgia
NO
TE
S T
O T
HE
FIN
AN
CIA
L S
TA
TE
ME
NT
S
Dec
embe
r 31
, 201
8 53
NO
TE
III -
DE
TA
ILE
D N
OT
ES
ON
AL
L F
UN
DS
A.
Dep
osits
and
Inve
stm
ents
Cre
dit
Ris
k.
Stat
e st
atut
es a
utho
rize
the
City
to in
vest
in U
.S. G
over
nmen
t obl
igat
ions
; U.S
. Gov
ernm
ent a
genc
y (o
r ot
her
corp
orat
ion
of th
e U
.S. G
over
nmen
t) ob
ligat
ions
; ob
ligat
ions
ful
ly i
nsur
ed o
r gu
aran
teed
by
the
U.S
. G
over
nmen
t or
a U
.S.
Gov
ernm
ent
agen
cy;
oblig
atio
ns o
f th
e St
ate
of G
eorg
ia o
r ot
her
stat
es;
oblig
atio
ns o
f ot
her
coun
ties,
mun
icip
al c
orpo
ratio
ns a
nd p
oliti
cal s
ubdi
visi
ons
of th
e St
ate
of G
eorg
ia; n
egot
iabl
e ce
rtific
ates
of d
epos
its is
sued
by
any
bank
or t
rust
co
mpa
ny o
rgan
ized
und
er th
e la
ws
of a
ny s
tate
of t
he U
nite
d St
ates
of A
mer
ica;
prim
e ba
nker
s’ a
ccep
tanc
es; r
epur
chas
e ag
reem
ents
; and
poo
led
inve
stm
ent p
rogr
ams
spon
sore
d by
the
Sta
te o
f G
eorg
ia f
or t
he i
nves
tmen
t of
loc
al g
over
nmen
t fu
nds.
Ope
ratin
g fu
nds
are
curr
ently
inv
este
d in
the
Geo
rgia
Fun
d 1
and
a gu
aran
teed
in
vest
men
t con
tract
with
the
Geo
rgia
Mun
icip
al A
ssoc
iatio
n.
The
inve
stm
ent i
n th
e G
eorg
ia F
und
1 re
pres
ents
the
City
’s p
ortio
n of
a p
oole
d in
vest
men
t acc
ount
ope
rate
d by
the
Off
ice
of th
e St
ate
Trea
sure
r. Th
e po
ol c
onsi
sts
of
U.S
. tre
asur
y ob
ligat
ions
, sec
uriti
es is
sued
or g
uara
ntee
d by
the
U.S
. Gov
ernm
ent o
r any
of i
ts a
genc
ies
or in
stru
men
talit
ies,
bank
er’s
acc
epta
nces
, ove
rnig
ht a
nd te
rm
repu
rcha
se a
gree
men
ts w
ith h
ighl
y ra
ted
coun
terp
artie
s, an
d co
llate
raliz
ed b
ank
acco
unts
. Th
e in
vest
men
t in
the
Geo
rgia
Fun
d 1
is v
alue
d at
fai
r va
lue.
A
s of
D
ecem
ber 3
1, 2
018,
the
City
of R
ome’
s inv
estm
ent i
n G
eorg
ia F
und
1 w
as ra
ted
AA
Af b
y St
anda
rd &
Poo
r’s.
The
City
mai
ntai
ns a
n ac
coun
t in
the
Stat
e of
Geo
rgia
, Geo
rgia
Fun
d 1
that
is u
tiliz
ed b
y al
l fun
ds a
nd c
ompo
nent
uni
ts e
xcep
t the
Rom
e B
oard
of E
duca
tion.
Eac
h fu
nd's
or c
ompo
nent
uni
t's p
ortio
n of
this
poo
l is
disp
laye
d on
its
bala
nce
shee
t with
cas
h an
d ca
sh e
quiv
alen
ts s
ince
this
poo
l has
the
gene
ral c
hara
cter
istic
s of
a
dem
and
depo
sit a
ccou
nt.
As o
f Dec
embe
r 31,
201
8, th
e C
ity o
f Rom
e ha
d th
e fo
llow
ing
inve
stm
ents
:
Inve
stm
ent T
ype
Mat
uriti
esC
redi
t Rat
ing
Fair
Val
ueG
eorg
ia F
und
1-in
clud
ed in
cas
h21
day
wei
ghte
d av
erag
eA
AA
f38
,474
,246
$
Gua
rant
eed
Inve
stm
ent C
ontra
ctJu
ne 1
, 202
8(a
)2,
489,
280
Tot
als
40,9
63,5
26$
(a) T
his i
s a n
onpa
rtici
patin
g in
tere
st-e
arni
ng in
vest
men
t con
tract
with
the
Geo
rgia
Mun
icip
al A
ssoc
iatio
n (G
MA
) and
is n
ot ra
ted.
I
nter
est
rate
ris
k.
The
City
of
Rom
e do
es n
ot h
ave
a fo
rmal
inve
stm
ent p
olic
y th
at li
mits
inve
stm
ent m
atur
ities
as
a m
eans
of
man
agin
g its
exp
osur
e to
fai
r va
lue
loss
es a
risin
g fr
om in
crea
sing
inte
rest
rate
s. H
owev
er, a
ll in
vest
men
ts a
re re
view
ed o
n a
mon
thly
bas
is fo
r int
eres
t rat
e flu
ctua
tions
and
app
ropr
iate
act
ions
are
take
n to
m
inim
ize
this
risk
.
Fair
val
ue m
easu
rem
ents
. Th
e G
eorg
ia F
und
1 is
an
inve
stm
ent p
ool w
hich
doe
s no
t mee
t the
crit
eria
of G
ASB
Sta
tem
ent N
o. 7
9 an
d is
thus
val
ued
at fa
ir va
lue
in
acco
rdan
ce w
ith G
ASB
Sta
tem
ent N
o. 3
1. A
s a re
sult,
the
City
doe
s not
dis
clos
e in
vest
men
t in
Geo
rgia
Fun
d 1
with
in th
e fa
ir va
lue
hier
arch
y.
The
Gua
rant
eed
Inve
stm
ent C
ontra
ct is
a n
onpa
rtici
patin
g in
tere
st-e
arni
ng in
vest
men
t con
tract
and
, acc
ordi
ngly
, is r
ecor
ded
at c
ost.
City
of R
ome,
Geo
rgia
NO
TE
S T
O T
HE
FIN
AN
CIA
L S
TA
TE
ME
NT
S
Dec
embe
r 31
, 201
8 54
NO
TE
III -
DE
TA
ILE
D N
OT
ES
ON
AL
L F
UN
DS
– C
ontin
ued
A.
Dep
osits
and
Inve
stm
ents
- C
ontin
ued
Cus
todi
al C
redi
t Ris
k-D
epos
its.
Cus
todi
al c
redi
t ris
k fo
r dep
osits
is th
e ris
k th
at, i
n th
e ev
ent o
f the
failu
re o
f a d
epos
itory
fina
ncia
l ins
titut
ion,
a g
over
nmen
t will
not
be
abl
e to
reco
ver d
epos
its o
r will
not
be
able
to re
cove
r col
late
ral s
ecur
ities
that
are
in th
e po
sses
sion
of a
n ou
tsid
e pa
rty.
Stat
e st
atut
es re
quire
that
all
depo
sits
and
in
vest
men
ts (o
ther
than
fede
ral o
r sta
te g
over
nmen
t ins
trum
ents
) be
colla
tera
lized
110
% b
y de
posi
tory
insu
ranc
e, o
blig
atio
ns o
f the
U.S
. Gov
ernm
ent,
or b
onds
of p
ublic
au
thor
ities
, co
untie
s or
mun
icip
aliti
es.
As
of D
ecem
ber
31,
2018
, al
l of
the
City
’s b
ank
bala
nces
wer
e ad
equa
tely
ins
ured
and
col
late
raliz
ed a
s de
fined
by
the
Gov
ernm
enta
l Acc
ount
ing
Stan
dard
s Boa
rd.
B.
Rec
eiva
bles
1.
A
ccou
nts R
ecei
vabl
e R
ecei
vabl
es a
t D
ecem
ber
31, 2
018
cons
iste
d of
tax
es, l
oans
, acc
ount
s (in
clud
ing
billi
ngs
for
user
cha
rges
and
unb
illed
util
ity r
ecei
vabl
es),
and
inte
rgov
ernm
enta
l re
ceiv
able
s. R
ecei
vabl
es a
t Dec
embe
r 31,
201
8 c
onsi
st o
f the
follo
win
g:
Prim
ary
Gov
ernm
ent
Inte
rgov
't A
llow
ance
for
Net
Taxe
sLo
ans
Acc
ount
Rec
eiva
bles
Unc
olle
ctib
les
Rec
eiva
bles
Gen
eral
Fun
d2,
792,
956
$
-$
4,
130,
860
$
595,
054
$
(1,9
02,4
11)
$
5,61
6,45
9$
Cap
ital F
und
-
275,
000
239,
537
53
,985
(3
62,0
00)
20
6,52
2
SP
LOST
Fun
d-
-
-
521,
936
-
52
1,93
6
Ta
x A
lloca
tion
Dis
trict
22
,882
-
-
2,
746
(2
2,88
2)
2,
746
N
onm
ajor
Gov
ernm
enta
l Fun
ds5,
564
15
2,59
0
76
,432
41,2
71
(43,
978)
231,
879
Wat
er a
nd S
ewer
Fun
d-
-
3,63
9,64
1
1,
353,
558
(1
,415
,000
)
3,
578,
199
Fi
re F
und
-
-
-
45
,686
-
45,6
86
Solid
Was
te C
omm
issi
on F
und
-
-
26
6,88
9
262
(2,0
00)
26
5,15
1
N
onm
ajor
Pro
prie
tary
Fun
ds-
-
407,
796
1,
126,
338
(1
33,0
00)
1,
401,
134
In
tern
al S
ervi
ce F
unds
-
-
170
109,
439
-
10
9,60
9
Tota
l Prim
ary
Gov
ernm
ent
2,82
1,40
2
42
7,59
0
8,
761,
325
3,85
0,27
5
(3,8
81,2
71)
11,9
79,3
21
Gre
ater
Rom
e C
VB
-
-
4,
832
12
,165
-
16,9
97
Rom
e B
oard
of E
duca
tion
-
-
78
,727
7,44
3,34
5
-
7,
522,
072
Tot
al R
epor
ting
Ent
ity2,
821,
402
$
427,
590
$
8,84
4,88
4$
11
,305
,785
$
(3,8
81,2
71)
$
19,5
18,3
90$
City
of R
ome,
Geo
rgia
NO
TE
S T
O T
HE
FIN
AN
CIA
L S
TA
TE
ME
NT
S
Dec
embe
r 31
, 201
8 55
NO
TE
III -
DE
TA
ILE
D N
OT
ES
ON
AL
L F
UN
DS
– C
ontin
ued
B
. R
ecei
vabl
es–
Con
tinue
d 2.
Pr
oper
ty T
axes
Prop
erty
taxe
s w
ere
levi
ed o
n Ju
ly 2
3, 2
018
and
wer
e pa
yabl
e on
or b
efor
e N
ovem
ber 1
5, 2
018.
An
inte
rest
pen
alty
of 1
2% p
er a
nnum
is c
harg
ed o
n pr
oper
ty ta
xes
paid
afte
r tha
t dat
e. P
rope
rty ta
xes
beco
me
an e
nfor
ceab
le li
en o
n Ja
nuar
y 1
each
yea
r. C
ity p
rope
rty ta
x re
venu
es a
re re
cogn
ized
whe
n le
vied
to th
e ex
tent
that
they
ar
e co
llect
ed w
ithin
the
curr
ent f
isca
l yea
r or
with
in 6
0 da
ys o
f fis
cal y
ear
end.
Th
e C
ity o
f R
ome
has
an a
gree
men
t with
Flo
yd C
ount
y an
d th
e Fl
oyd
Cou
nty
Tax
Com
mis
sion
er to
col
lect
the
City
’s p
rope
rty ta
xes.
Thi
s ag
reem
ent a
llow
s ta
xpay
ers
to p
ay a
ll of
thei
r pro
perty
taxe
s at
one
loca
tion
sinc
e th
e C
ount
y ca
n no
w b
ill a
ll ta
xes d
ue o
n on
e bi
ll. T
he C
ity p
ays a
fee
for t
his s
ervi
ce.
A su
mm
ary
of o
utst
andi
ng d
elin
quen
t pro
perty
taxe
s rec
eiva
ble
at D
ecem
ber 3
1, 2
018
is a
s fol
low
s:
$1,
978,
813
84
2,58
9
2,82
1,40
2
Allo
wan
ce fo
r unc
olle
ctib
le(1
,625
,857
)
Net
taxe
s rec
eiva
ble
$1,
195,
545
Tax
Yea
r 2018
Prio
r Yea
rs
City
of R
ome,
Geo
rgia
NO
TE
S T
O T
HE
FIN
AN
CIA
L S
TA
TE
ME
NT
S
Dec
embe
r 31
, 201
8 56
NO
TE
III -
DE
TA
ILE
D N
OT
ES
ON
AL
L F
UN
DS
– C
ontin
ued
C
. C
apita
l Ass
ets
Cha
nges
in th
e C
ity's
Cap
ital A
sset
s for
the
year
end
ed D
ecem
ber 3
1, 2
018
are
as fo
llow
s:
Prim
ary
Gov
ernm
ent
Beg
inni
ngC
onst
ruct
ion
End
ing
Bal
ance
in p
rogr
ess
Bal
ance
12/3
1/20
17In
crea
ses
Dec
reas
esT
rans
fers
12/3
1/20
18G
over
nmen
tal a
ctiv
ities
:C
apita
l ass
ets,
not b
eing
dep
reci
ated
:La
nd12
,558
,019
$
20,6
24$
-
$
26
0,69
7$
12,8
39,3
40$
C
onst
ruct
ion
in p
rogr
ess
8,62
3,53
7
10
,095
,878
-
(10,
452,
074)
8,
267,
341
Tota
l cap
ital a
sset
s, no
t bei
ng d
epre
ciat
ed21
,181
,556
10,1
16,5
02
-
(1
0,19
1,37
7)
21,1
06,6
81
Cap
ital a
sset
s, be
ing
depr
ecia
ted:
Bui
ldin
gs12
5,65
2,90
2
70,6
00
(4
,028
,162
)
24
5,88
3
121,
941,
223
Im
prov
emen
ts o
ther
than
bui
ldin
gs6,
020,
507
939,
795
-
7,
053,
645
14,0
13,9
47
M
achi
nery
and
equ
ipm
ent
6,77
0,50
8
18
9,94
2
(26,
788)
54
7,48
3
7,48
1,14
5
V
ehic
les
5,80
6,53
4
24
3,92
9
(208
,560
)
-
5,84
1,90
3
In
fras
truct
ure
135,
503,
453
-
(2,5
50)
2,34
4,36
6
13
7,84
5,26
9
Tota
l cap
ital a
sset
s bei
ng d
epre
ciat
ed27
9,75
3,90
4
1,44
4,26
6
(4
,266
,060
)
10
,191
,377
287,
123,
487
Less
acc
umul
ated
dep
reci
atio
n fo
r:B
uild
ings
(3
4,23
0,17
2)
(2,4
73,1
67)
1,09
3,12
0
-
(3
5,61
0,21
9)
Impr
ovem
ents
oth
er th
an b
uild
ings
(2,9
92,0
93)
(751
,054
)
-
-
(3,7
43,1
47)
Mac
hine
ry a
nd e
quip
men
t(5
,337
,782
)
(3
71,4
34)
24
,116
-
(5,6
85,1
00)
Veh
icle
s(4
,518
,972
)
(4
69,4
61)
20
8,56
0
-
(4,7
79,8
73)
Infr
astru
ctur
e(1
05,3
73,7
95)
(7
77,4
78)
2,
550
-
(1
06,1
48,7
23)
To
tal a
ccum
ulat
ed d
epre
ciat
ion
(152
,452
,814
)
(4,8
42,5
94)
1,32
8,34
6
-
(1
55,9
67,0
62)
Tota
l cap
ital a
sset
s, be
ing
depr
ecia
ted,
net
127,
301,
090
(3
,398
,328
)
(2
,937
,714
)
10
,191
,377
131,
156,
425
Gov
ernm
enta
l act
iviti
es c
apita
l ass
ets,
net
148,
482,
646
$
6,
718,
174
$
(2,9
37,7
14)
$
-$
152,
263,
106
$
Dep
reci
atio
n ex
pens
e w
as c
harg
ed to
func
tions
/pro
gram
s of t
he p
rim
ary
gove
rnm
ent a
s fol
low
s:G
over
nmen
tal a
ctiv
ities
:G
ener
al G
over
nmen
t99
4,01
4$
Publ
ic S
afet
y39
2,81
6
Publ
ic W
orks
1,22
4,54
8
Pu
blic
Fac
ilitie
s28
2,28
3
Publ
ic S
ervi
ces
20,3
89
C
omm
unity
Dev
elop
men
t9,
253
Ed
ucat
ion
1,91
9,29
1
4,84
2,59
4$
City
of R
ome,
Geo
rgia
NO
TE
S T
O T
HE
FIN
AN
CIA
L S
TA
TE
ME
NT
S
Dec
embe
r 31
, 201
8 57
NO
TE
III -
DE
TA
ILE
D N
OT
ES
ON
AL
L F
UN
DS
– C
ontin
ued
C.
Cap
ital A
sset
s – C
ontin
ued
Cap
ital A
sset
s for
the
year
end
ed D
ecem
ber 3
1, 2
018
are
as fo
llow
s:
B
egin
ning
End
ing
Bal
ance
Bal
ance
12/3
1/20
17In
crea
ses
Dec
reas
esT
rans
fers
12/3
1/20
18B
usin
ess-
type
act
iviti
es:
Cap
ital a
sset
s, n
ot b
eing
dep
reci
ated
:La
nd8,
081,
487
$
61,3
75$
-$
-$
8,14
2,86
2$
C
onst
ruct
ion
in p
rogr
ess
255,
214
1,
236,
293
-
(156
,219
)
1,
335,
288
Tota
l cap
ital a
sset
s, n
ot b
eing
dep
reci
ated
8,33
6,70
1
1,
297,
668
-
(156
,219
)
9,
478,
150
Cap
ital a
sset
s, b
eing
dep
reci
ated
:B
uild
ings
115,
844,
254
42,0
00
-
-
115,
886,
254
Impr
ovem
ents
oth
er th
an b
uild
ings
24,5
99,7
10
234,
185
-
-
24
,833
,895
M
achi
nery
and
equ
ipm
ent
17,2
92,7
31
394,
734
(5
3,43
5)
156,
219
17
,790
,249
V
ehic
les
22,9
71,9
09
1,96
3,49
0
(5
70,1
23)
-
24,3
65,2
76
Infr
astru
ctur
e15
6,19
3,55
2
2,
057,
234
-
-
158,
250,
786
Tota
l cap
ital a
sset
s be
ing
depr
ecia
ted
336,
902,
156
4,69
1,64
3
(6
23,5
58)
156,
219
34
1,12
6,46
0
Less
acc
umul
ated
dep
reci
atio
n fo
r:B
uild
ings
(4
9,49
7,89
2)
(3,3
21,5
50)
-
-
(5
2,81
9,44
2)
Impr
ovem
ents
oth
er th
an b
uild
ings
(16,
473,
096)
(5
92,6
55)
-
-
(17,
065,
751)
M
achi
nery
and
equ
ipm
ent
(13,
274,
532)
(9
52,2
09)
50,7
63
-
(14,
175,
978)
V
ehic
les
(18,
581,
704)
(1
,253
,329
)
570,
123
-
(1
9,26
4,91
0)
Infr
astru
ctur
e(6
1,98
9,02
8)
(3,4
22,5
61)
-
-
(6
5,41
1,58
9)
Tota
l acc
umul
ated
dep
reci
atio
n(1
59,8
16,2
52)
(9,5
42,3
04)
62
0,88
6
-
(168
,737
,670
)
Tota
l cap
ital a
sset
s, b
eing
dep
reci
ated
, net
177,
085,
904
(4,8
50,6
61)
(2
,672
)
15
6,21
9
172,
388,
790
Bus
ines
s-ty
pe a
ctiv
ities
cap
ital a
sset
s, n
et18
5,42
2,60
5$
(3
,552
,993
)$
(2,6
72)
-
181,
866,
940
$
Dep
reci
atio
n ex
pens
e w
as c
harg
ed to
func
tions
/pro
gram
s of
Bus
ines
s-ty
pe a
ctiv
ities
as
follo
ws:
Bus
ines
s-ty
pe a
ctiv
ities
:W
ater
and
Sew
er S
yste
m F
und
6,70
6,67
5$
Fi
re F
und
548,
382
Te
nnis
Cen
ter F
und
256,
893
Tr
ansi
t Fun
d64
3,21
5
Solid
Was
te M
anag
emen
t Fun
d42
1,16
4
Mun
icip
al G
olf F
und
48,9
33
Solid
Was
te C
omm
issi
on F
und
690,
315
B
uild
ing
Insp
ectio
n Fu
nd17
,023
Pu
blic
Fac
ilitie
s Fu
nd20
9,70
4
9,54
2,30
4$
City
of R
ome,
Geo
rgia
NO
TE
S T
O T
HE
FIN
AN
CIA
L S
TA
TE
ME
NT
S
Dec
embe
r 31
, 201
8 58
NO
TE
III -
DE
TA
ILE
D N
OT
ES
ON
AL
L F
UN
DS
– C
ontin
ued
C
. C
apita
l Ass
ets –
Con
tinue
d
The
follo
win
g ta
ble
prov
ides
a s
umm
ary
of th
e C
ity’s
net
inve
stm
ent i
n ca
pita
l ass
ets.
Not
es p
ayab
le fo
r gov
ernm
enta
l act
iviti
es d
oes
not r
elat
e to
the
acqu
isiti
on o
f ca
pita
l ass
ets r
ecor
ded
by th
e C
ity:
Go
vern
men
talBu
sines
s-typ
eNe
t Inv
estm
ent i
n Ca
pital
Ass
etsAc
tiviti
esAc
tiviti
es
T
otal
Capi
tal as
sets,
non
depr
eciab
le21
,106
,681
$
9,
478,
150
$
30,5
84,8
31$
Capi
tal as
sets,
ne t
131,
156,
425
17
2,38
8,79
0
30
3,54
5,21
5
Pr
epaid
bon
d in
sura
nce
-
47,4
59
47,4
59
Defe
rred
char
ges o
n re
fund
ing
114,
210
82
9,41
3
943,
623
Re
taina
ge p
ayab
le(3
9,58
2)
(167
,246
)
(2
06,8
28)
Inter
gove
rnm
ental
agre
emen
ts pa
yabl
e(2
,920
,000
)
-
(2
,920
,000
)
Bond
s pay
able
(7,6
09,0
73)
(2
2,98
6,97
2)
(3
0,59
6,04
5)
No
tes p
ayab
le-
(2
,053
,605
)
(2,0
53,6
05)
Ca
pital
leas
e pay
able
(147
,703
)
-
(147
,703
)
14
1,66
0,95
8$
157,
535,
989
$
299,
196,
947
$
City
of R
ome,
Geo
rgia
NO
TE
S T
O T
HE
FIN
AN
CIA
L S
TA
TE
ME
NT
S
Dec
embe
r 31
, 201
8 59
NO
TE
III -
DE
TA
ILE
D N
OT
ES
ON
AL
L F
UN
DS
– C
ontin
ued
C
. C
apita
l Ass
ets –
Con
tinue
d
Com
pone
nt U
nits
Beg
inni
ngE
ndin
gB
alan
ce
Bal
ance
12
/31/
2017
Incr
ease
sD
ecre
ases
12/3
1/20
18G
reat
er R
ome
Con
vent
ion
and
Vis
itors
Bur
eau
C
ompo
nent
uni
t:C
apita
l ass
ets,
bein
g de
prec
iate
d:B
uild
ings
181,
429
$
-$
-
$
181,
429
$
Mac
hine
ry a
nd e
quip
men
t7,
000
-
-
7,00
0
V
ehic
les
10,0
00
40,0
92
-
50
,092
Tot
al c
apita
l ass
ets b
eing
dep
reci
ated
198,
429
40,0
92
-
23
8,52
1
Less
acc
umul
ated
dep
reci
atio
n fo
r:B
uild
ings
(137
,525
)
(2
,632
)
-
(1
40,1
57)
Mac
hine
ry a
nd e
quip
men
t(7
,000
)
-
-
(7,0
00)
V
ehic
les
(2,5
00)
(6
,048
)
-
(8
,548
)
T
otal
acc
umul
ated
dep
reci
atio
n(1
47,0
25)
(8,6
80)
-
(155
,705
)
Tota
l cap
ital a
sset
s, be
ing
depr
ecia
ted,
net
51,4
04
31,4
12
-
82
,816
51,4
04$
31,4
12$
-$
82
,816
$
G
reat
er R
ome
Con
vent
ion
and
Vis
itors
Bur
eau
City
of R
ome,
Geo
rgia
NO
TE
S T
O T
HE
FIN
AN
CIA
L S
TA
TE
ME
NT
S
Dec
embe
r 31
, 201
8 60
NO
TE
III -
DE
TA
ILE
D N
OT
ES
ON
AL
L F
UN
DS
– C
ontin
ued
C
. C
apita
l Ass
ets –
Con
tinue
d
Com
pone
nt U
nits
(Con
tinue
d)Be
ginn
ing
Endi
ngBa
lanc
e Ba
lanc
e 6/
30/2
017
Incr
ease
sDe
crea
ses
6/30
/201
8Ro
me B
oard
of E
duca
tion
Co
mpo
nent
uni
t:Ca
pital
asse
ts, n
ot b
eing
depr
eciat
ed:
Land
157,
048
$
-$
-
$
157,
048
$
T
otal
capi
tal as
sets
not b
eing
depr
eciat
ed15
7,04
8
-
-
15
7,04
8
Capi
tal as
sets,
bein
g de
prec
iated
:Bu
ildin
gs an
d Im
prov
emen
ts2,
792,
778
-
-
2,
792,
778
Co
mpu
ters a
nd eq
uipm
ent
11,2
35,9
15
517,
539
-
11
,753
,454
Ve
hicle
s1,
742,
440
-
-
1,
742,
440
Tot
al ca
pital
asse
ts be
ing
depr
eciat
ed15
,771
,133
51
7,53
9
-
16,2
88,6
72
Less
accu
mul
ated
depr
eciat
ion
for:
Build
ings
and
Impr
ovem
ents
(1,2
64,4
33)
(7
8,41
9)
-
(1
,342
,852
)
Com
puter
s and
equi
pmen
t(5
,452
,209
)
(1,6
22,8
18)
-
(7,0
75,0
27)
Ve
hicle
s(1
,442
,156
)
(101
,030
)
-
(1,5
43,1
86)
Tot
al ac
cum
ulate
d de
prec
iatio
n(8
,158
,798
)
(1,8
02,2
67)
-
(9,9
61,0
65)
Total
capi
tal as
sets,
bein
g de
prec
iated
, net
7,61
2,33
5
(1,2
84,7
28)
-
6,32
7,60
7
Rom
e Boa
rd o
f Edu
catio
n ca
pita
l ass
ets,
net
7,76
9,38
3$
(1,2
84,7
28)
$
-
$
6,48
4,65
5$
City
of R
ome,
Geo
rgia
NO
TE
S T
O T
HE
FIN
AN
CIA
L S
TA
TE
ME
NT
S
Dec
embe
r 31
, 201
8 61
NO
TE
III -
DE
TA
ILE
D N
OT
ES
ON
AL
L F
UN
DS
– C
ontin
ued
D
. In
terf
und
Tra
nsac
tions
Inte
rfun
d ba
lanc
es a
t Dec
embe
r 31
, 201
8 co
nsis
ted
of th
e fo
llow
ing
amou
nts
and
repr
esen
t cha
rges
for
ser
vice
s or
rei
mbu
rsab
le e
xpen
ditu
res.
The
se b
alan
ces
resu
lt
fr
om a
tim
ing
lag
betw
een
1) th
e da
te th
e in
terf
und
good
s or
ser
vice
s ar
e pr
ovid
ed 2
) tra
nsac
tions
are
rec
orde
d an
d 3)
pay
men
ts b
etw
een
fund
s ar
e m
ade.
Th
e C
ity
expe
cts t
o re
pay
all i
nter
fund
bal
ance
s with
in o
ne y
ear.
In
terf
und
rece
ivab
les a
nd p
ayab
le b
alan
ces a
t Dec
embe
r 31,
201
8 ar
e as
follo
ws:
Non
-maj
orW
ater
&So
lid W
aste
Non
-maj
orIn
tern
al
Gen
eral
Capi
tal
SPLO
STG
over
nmen
tal
Sew
er S
yste
mFi
re
Com
miss
ion
Ente
rpris
eSe
rvic
e
Fund
Fund
Fund
Fund
sFu
ndFu
ndFu
ndFu
nds
Fund
sTo
tal
Paya
ble
To:
Gen
eral
Fun
d-
$
21,0
70$
13
,718
$
837
$
8,64
1$
-$
45,0
36$
24
2,78
1$
131
$
332,
214
$
Capi
tal F
und
2,26
8,42
2
-
-
-
342
-
29,2
00
-
-
2,
297,
964
Tax
Allo
catio
n D
istric
t 38
7
-
-
36
5
-
-
-
-
-
75
2
Non
-maj
or G
over
nmen
tal F
unds
4,16
1
-
-
6,96
2
-
-
-
-
-
11,1
23
Wat
er &
Sew
er S
yste
m F
und
-
-
-
-
-
12
,645
-
118,
833
-
13
1,47
8
Fire
Fun
d-
-
-
-
2,79
4
-
1,19
9
-
-
3,99
3
Non
-maj
or E
nter
prise
Fun
ds31
2,63
6
-
-
6,
595
2,
686
-
-
-
2
32
1,91
9
Inte
rnal
Ser
vice
Fun
ds95
,346
13
,988
45,3
40
70
,590
13,7
95
10
5,01
2
344,
071
Tota
l2,
680,
952
$
21
,070
$
13,7
18$
28
,747
$
59,8
03$
83
,235
$
89,2
30$
46
6,62
6$
133
$
3,44
3,51
4$
Paya
ble
From
City
of R
ome,
Geo
rgia
NO
TE
S T
O T
HE
FIN
AN
CIA
L S
TA
TE
ME
NT
S
Dec
embe
r 31
, 201
8 62
NO
TE
III -
DE
TA
ILE
D N
OT
ES
ON
AL
L F
UN
DS
- Con
tinue
d
D.
Inte
rfun
d T
rans
actio
ns -
Con
tinue
d
Inte
rfun
d re
ceiv
able
s and
pay
able
s for
Com
pone
nt U
nits
con
sist
of t
he fo
llow
ing:
Paya
ble
Paya
ble
From
To
Gene
ral F
und
-$
1,60
1$
Ca
pital
Fun
d 1,
353
43
No
n-m
ajor
gov
ernm
ental
fund
s21
,514
-
Non-
majo
r ent
erpr
ise fu
nds
-
-
Inter
nal s
ervi
ce fu
nds
-
7,78
6
To
tal
22,8
67$
9,
430
$
Rom
e Con
vent
ion
& V
isito
rs B
urea
u
Adv
ance
s to
othe
r fun
ds a
re a
mou
nts t
hat a
re o
wed
, oth
er th
an fo
r cha
rges
for g
oods
and
serv
ices
rend
ered
, to
a pa
rticu
lar f
und
by a
noth
er fu
nd in
the
gove
rnm
ent
rep
ortin
g en
tity
and
are
not d
ue w
ithin
one
yea
r.
I
nter
fund
adv
ance
s con
sist
of t
he fo
llow
ing:
Gen
eral
Capi
tal
Inte
rnal
Ser
vice
Fund
Fund
Fund
Tota
lAd
vanc
es T
o:Ca
pital
Fun
d59
0,00
0$
-$
601,
752
$
1,
191,
752
$
Wate
r and
Sew
er F
und
-
109,
998
-
10
9,99
8
Fire
Fun
d-
48
0,12
0
-
480,
120
So
lid W
aste
Com
miss
ion
Fund
-
175,
200
-
17
5,20
0
Non-
majo
rEn
terpr
ise F
unds
-
595,
829
-
59
5,82
9
Tota
l59
0,00
0$
1,36
1,14
7$
60
1,75
2$
2,55
2,89
9$
Adva
nces
Fro
m:
The
Sol
id W
aste
Com
mis
sion
Fun
d, th
roug
h an
inte
rgov
ernm
enta
l agr
eem
ent w
ith th
e C
ity o
f Rom
e, p
urch
ased
a p
artia
l ow
ners
hip
in a
por
tion
of th
e Jo
int C
ity-
Cou
nty
Land
fill.
Thi
s lon
g te
rm fi
nanc
ing
bala
nce
of $
175,
200
is in
clud
ed a
s an
adva
nce
from
the
Cap
ital F
und
to th
e So
lid W
aste
Com
mis
sion
Fun
d.
City
of R
ome,
Geo
rgia
NO
TE
S T
O T
HE
FIN
AN
CIA
L S
TA
TE
ME
NT
S
Dec
embe
r 31
, 201
8 63
NO
TE
III -
DE
TA
ILE
D N
OT
ES
ON
AL
L F
UN
DS
- Con
tinue
d
D.
Inte
rfun
d T
rans
actio
ns -
Con
tinue
d In
201
2, t
he R
ome
City
Com
mis
sion
aut
horiz
ed t
he b
orro
win
g of
up
to $
1.5
mill
ion
from
the
Hea
lth I
nsur
ance
Fun
d to
ass
ist
in t
he c
onst
ruct
ion
of t
he C
ity
Mau
sole
um.
The
adva
nce
will
be
repa
id o
ver a
max
imum
of t
en y
ears
at 3
% in
tere
st.
As o
f Dec
embe
r 31,
201
8, th
e pr
inci
pal a
mou
nt o
utst
andi
ng w
as $
601,
752.
In
terf
und
trans
fers
are
use
d to
repo
rt re
venu
es a
nd e
xpen
ditu
res
betw
een
fund
s w
here
by s
tatu
te o
r for
mal
bud
get r
equi
res
them
. Th
ese
trans
fers
als
o in
clud
e re
venu
es
colle
cted
in th
e G
ener
al F
und
but b
y bu
dget
aut
horiz
atio
n ar
e tra
nsfe
rred
to m
eet e
xpen
ditu
res i
n ot
her f
unds
, seg
rega
tion
of m
onie
s for
ant
icip
ated
cap
ital p
roje
cts,
and
to p
rovi
de a
dditi
onal
res
ourc
es f
or c
urre
nt o
pera
tions
or
debt
ser
vice
. A
ll tra
nsfe
rs h
ave
occu
rred
on
a re
gula
r ba
sis
or a
re c
onsi
sten
t with
the
purp
ose
of th
e fu
nd
mak
ing
the
trans
fer.
Tra
nsfe
rs to
com
pone
nt u
nits
are
repo
rted
as e
xpen
ditu
res i
n th
e fin
anci
al st
atem
ents
. In
terf
und
trans
fers
for t
he y
ear e
nded
Dec
embe
r 31,
201
8 ar
e as
follo
ws:
Non
-maj
orW
ater
&N
on-m
ajor
Gen
eral
Cap
ital
Gov
ernm
enta
lSe
wer
Sys
tem
Fire
Ente
rpris
eFu
ndFu
ndFu
nds
Fund
Fund
Fund
sT
otal
Tra
nsfe
rs O
ut:
Gen
eral
Fun
d-
$
40
0,00
0$
318,
099
$
16
,000
$
6,39
0,00
0$
2,
492,
313
$
9,61
6,41
2$
N
on-m
ajor
Gov
ernm
enta
l Fun
ds16
6,63
6
42,7
53
-
-
-
35
9,81
8
569,
207
W
ater
& S
ewer
Sys
tem
Fun
d1,
635,
975
-
-
-
-
-
1,63
5,97
5
Fi
re F
und
1,56
8,04
7
-
-
38
,471
-
-
1,60
6,51
8
So
lid W
aste
Com
mis
sion
Fun
d10
3,23
9
-
-
-
-
-
103,
239
N
on-m
ajor
Ente
rpris
e Fu
nds
694,
439
-
-
-
-
-
69
4,43
9
Tot
al4,
168,
336
$
442,
753
$
31
8,09
9$
54,4
71$
6,
390,
000
$
2,85
2,13
1$
14
,225
,790
$
Tra
nsfe
rs In
City
of R
ome,
Geo
rgia
NO
TE
S T
O T
HE
FIN
AN
CIA
L S
TA
TE
ME
NT
S
Dec
embe
r 31
, 201
8 64
NO
TE
III -
DE
TA
ILE
D N
OT
ES
ON
AL
L F
UN
DS
- Con
tinue
d E
. L
ong-
Ter
m D
ebt
1.
Wat
er a
nd S
ewer
age
Syst
em B
onds
Pay
able
O
utst
andi
ng W
ater
and
Sew
erag
e Sy
stem
Bon
ds w
ere
issu
ed a
s fol
low
s:
2012
Issu
e:
$32,
125,
000
in
seria
l bon
ds m
atur
ing
thro
ugh
2022
, with
inte
rest
rang
ing
from
3.0
0% to
5.0
0%
20
13 Is
sue:
$
7,93
4,00
0 i
n a
priv
ate
plac
emen
t bon
d is
sue,
mat
urin
g th
roug
h 20
28 a
t an
inte
rest
rate
of 2
.25%
In M
ay 2
012,
the
City
issu
ed $
32,1
25,0
00 o
f Wat
er a
nd S
ewer
age
Rev
enue
Ref
undi
ng a
nd Im
prov
emen
t bon
ds.
The
2012
bon
ds w
ere
issu
ed to
(i) r
efun
d $3
3,54
0,00
0 in
agg
rega
te p
rinci
pal o
f its
200
4 A
Wat
er a
nd S
ewer
age
Rev
enue
Ref
undi
ng a
nd I
mpr
ovem
ent b
onds
and
(ii)
pay
the
cost
s of
issu
ance
of
the
2012
bon
ds. T
he n
et
proc
eeds
from
the
issu
ance
of t
he w
ater
reve
nue
bond
s w
ere
used
to p
urch
ase
gene
ral o
blig
atio
ns o
f the
Uni
ted
Stat
es o
f Am
eric
a an
d th
ose
secu
ritie
s w
ere
depo
site
d in
to a
n irr
evoc
able
trus
t with
an
escr
ow a
gent
to p
rovi
de d
ebt s
ervi
ce p
aym
ents
of
the
prio
r bo
nds
whe
n du
e or
cal
led.
Acc
ordi
ngly
, the
trus
t acc
ount
ass
ets
and
the
liabi
lity
for
the
defe
ased
bon
ds a
re n
ot i
nclu
ded
in t
he C
ity’s
fin
anci
al s
tate
men
ts.
Out
stan
ding
bon
ds f
rom
the
ref
unde
d de
bt o
utst
andi
ng a
t D
ecem
ber 3
1, 2
018,
co
nsid
ered
def
ease
d, to
tale
d $1
5,64
5,00
0.
In A
pril
2013
, the
City
of
Rom
e is
sued
$7,
934,
000
of W
ater
and
Sew
erag
e R
even
ue B
onds
in
a pr
ivat
e pl
acem
ent.
The
201
3 bo
nds
wer
e is
sued
to
finan
ce t
he
repa
ymen
t of s
ever
al G
EFA
not
es o
utst
andi
ng.
Rem
aini
ng p
age
inte
ntio
nally
left
bla
nk
City
of R
ome,
Geo
rgia
NO
TE
S T
O T
HE
FIN
AN
CIA
L S
TA
TE
ME
NT
S
Dec
embe
r 31
, 201
8 65
NO
TE
III -
DE
TA
ILE
D N
OT
ES
ON
AL
L F
UN
DS
- Con
tinue
d
E.
Lon
g-T
erm
Deb
t - C
ontin
ued
1.
Wat
er a
nd S
ewer
age
Syst
em B
onds
Pay
able
- C
ontin
ued
The
City
of R
ome
follo
ws a
ll of
the
appl
icab
le ru
les a
nd re
gula
tions
con
cern
ing
bond
arb
itrag
e as
set f
orth
by
the
Inte
rnal
Rev
enue
Ser
vice
. B
onds
out
stan
ding
at D
ecem
ber 3
1, 2
018
are
as fo
llow
s:
Wat
er a
nd S
ewer
Bon
ds -
Serie
s 201
2$
14,8
80,0
00
W
ater
and
Sew
er B
onds
- Se
ries 2
013
4,88
4,00
0
S
ubto
tal
19,7
64,0
00
Le
ss c
urre
nt m
atur
ities
671,
000
B
onds
pay
able
, lon
g te
rm$
19,0
93,0
00
Rec
onci
liatio
n of
Bon
ds P
ayab
le to
Fin
anci
al S
tate
men
ts:
C
urre
nt
B
onds
pay
able
in le
ss th
an o
ne y
ear
$67
1,00
0
L
ong-
term
B
onds
pay
able
in m
ore
than
one
yea
r$
19,0
93,0
00
B
ond
prem
ium
, net
of a
mor
tizat
ion
792,
455
$19
,885
,455
City
of R
ome,
Geo
rgia
NO
TE
S T
O T
HE
FIN
AN
CIA
L S
TA
TE
ME
NT
S
Dec
embe
r 31
, 201
8 66
NO
TE
III -
DE
TA
ILE
D N
OT
ES
ON
AL
L F
UN
DS
- Con
tinue
d
E.
Lon
g-T
erm
Deb
t - C
ontin
ued
2.
G
olf B
onds
Pay
able
In
200
9, T
he C
ity o
f Rom
e R
ecre
atio
n Fa
cilit
ies A
utho
rity
issu
ed $
4,95
5,00
0 of
Ser
ies 2
009
Rev
enue
Bon
ds to
(i) r
efun
d al
l of t
he S
erie
s 199
9 R
even
ue B
onds
and
pay
th
e on
e pe
rcen
t (1%
) red
empt
ion
prem
ium
due
in c
onne
ctio
n th
erew
ith a
nd (i
i) pa
y th
e co
sts o
f iss
uing
the
Serie
s 200
9 B
onds
. Ref
undi
ng w
as u
nder
take
n to
save
on
the
debt
ser
vice
pay
men
ts m
atur
ing
thro
ugh
2024
. Th
e C
ity d
efea
sed
the
1999
bon
ds b
y pl
acin
g th
e pr
ocee
ds o
f new
bon
ds in
an
irrev
ocab
le tr
ust t
o pr
ovid
e fo
r all
futu
re
debt
serv
ice
paym
ents
on
the
old
bond
s. A
ccor
ding
ly, t
he tr
ust a
ccou
nt a
sset
s and
the
liabi
lity
for t
he d
efea
sed
bond
s are
not
incl
uded
in th
e C
ity’s
fina
ncia
l sta
tem
ents
. A
t Dec
embe
r 31,
201
8, $
2,36
0,00
0 of
bon
ds o
utst
andi
ng a
re c
onsi
dere
d de
feas
ed.
The
City
has
ple
dged
its f
ull f
aith
and
cre
dit a
nd ta
pow
er to
serv
ice
the
debt
. Th
e Se
ries
2009
Bon
ds m
atur
e th
roug
h 20
24 w
ith in
tere
st ra
ngin
g fr
om 3
.0%
to 5
.0%
. A
t Dec
embe
r 31,
201
8, $
2,39
0,00
0 of
thes
e bo
nds
wer
e ou
tsta
ndin
g.
Bon
ds
paya
ble
refle
cted
in th
e fin
anci
al st
atem
ents
is n
et o
f $40
,517
of u
nam
ortiz
ed b
ond
prem
ium
.
3.
Gov
ernm
enta
l Bon
ds P
ayab
le
In
201
5, T
he C
ity o
f R
ome
Rec
reat
ion
Faci
litie
s A
utho
rity
issu
ed $
10,7
85,0
00 o
f Se
ries
2015
Rev
enue
Bon
ds t
o (i)
pro
vide
fun
ds t
o fin
ance
the
acq
uisi
tion,
co
nstru
ctio
n an
d eq
uipp
ing
of R
ome
Tenn
is C
ente
r of G
eorg
ia a
t Ber
ry C
olle
ge fo
r the
City
and
(ii)
pay
the
cost
s of i
ssua
nce
of th
e B
onds
. Th
e C
ity h
as p
ledg
ed it
s ful
l fa
ith a
nd c
redi
t and
taxi
ng p
ower
to s
ervi
ce th
e de
bt. T
he S
erie
s 20
15 B
onds
mat
ure
thro
ugh
2019
with
inte
rest
rang
ing
from
2.0
% to
5.0
%.
At D
ecem
ber 3
1, 2
018,
$2
,975
,000
of t
hese
bon
ds w
ere
outs
tand
ing.
B
onds
pay
able
refle
cted
in th
e fin
anci
al st
atem
ents
is n
et o
f $10
7,07
3 of
una
mor
tized
bon
d pr
emiu
m.
4.
C
ertif
icat
es o
f Par
ticip
atio
n –
Geo
rgia
Mun
icip
al A
ssoc
iatio
n In
Jun
e 19
98, t
he C
ity e
nter
ed in
to a
leas
e po
ol a
gree
men
t with
the
Geo
rgia
Mun
icip
al A
ssoc
iatio
n (th
e “A
ssoc
iatio
n”).
The
fund
ing
of th
e le
ase
pool
was
pro
vide
d by
th
e is
suan
ce o
f $15
0,12
6,00
0 C
ertif
icat
es o
f Par
ticip
atio
n by
the
Ass
ocia
tion.
The
Ass
ocia
tion
pass
ed th
e ne
t pro
ceed
s th
roug
h to
the
parti
cipa
ting
mun
icip
aliti
es w
ith
the
City
of R
ome’
s pa
rtici
patio
n to
talin
g $4
,527
,000
. Th
e le
ase
pool
agr
eem
ent w
ith th
e A
ssoc
iatio
n pr
ovid
es th
at th
e C
ity o
wns
thei
r por
tion
of th
e as
sets
inve
sted
by
the
pool
and
is re
spon
sibl
e fo
r the
pay
men
t of t
heir
porti
on o
f the
prin
cipa
l and
inte
rest
of t
he C
ertif
icat
es o
f Par
ticip
atio
n. T
he p
rinci
pal o
f $4,
527,
000
is d
ue in
a lu
mp
sum
pay
men
t on
June
1, 2
028.
Int
eres
t is
paya
ble
at a
rate
of 4
.75%
eac
h ye
ar.
The
City
dra
ws
from
the
inve
stm
ent a
ccou
nt to
leas
e eq
uipm
ent f
rom
the
Ass
ocia
tion.
Th
e le
ase
pool
agr
eem
ent r
equi
res
the
City
to m
ake
leas
e pa
ymen
ts b
ack
into
its
inve
stm
ent a
ccou
nt to
fund
the
prin
cipa
l and
inte
rest
requ
irem
ents
of t
he 1
998
GM
A
Cer
tific
ates
of P
artic
ipat
ion.
City
of R
ome,
Geo
rgia
NO
TE
S T
O T
HE
FIN
AN
CIA
L S
TA
TE
ME
NT
S
Dec
embe
r 31
, 201
8 67
NO
TE
III -
DE
TA
ILE
D N
OT
ES
ON
AL
L F
UN
DS
– C
ontin
ued
E
. L
ong-
Ter
m D
ebt –
Con
tinue
d
4.
Cer
tific
ates
of P
artic
ipat
ion
– G
eorg
ia M
unic
ipal
Ass
ocia
tion
- Con
tinue
d
As
part
of th
e is
suan
ce o
f the
cer
tific
ates
of p
artic
ipat
ion,
the
City
ent
ered
into
an
inte
rest
rate
sw
ap a
gree
men
t. U
nder
the
Swap
Agr
eem
ent,
the
City
is re
quire
d to
pay
(1
) a
sem
iann
ual (
mon
thly
beg
inni
ng J
uly
1, 2
003)
flo
atin
g ra
te o
f in
tere
st b
ased
on
the
Secu
ritie
s In
dust
ry a
nd F
inan
cial
Mar
kets
Ass
ocia
tion
(SIF
MA
) M
unic
ipal
Sw
ap In
dex
(plu
s a
31 b
asis
poi
nts
spre
ad) t
o, o
r on
beha
lf of
, the
Sw
ap C
ount
erpa
rty (t
he “
Swap
Pay
men
t”);
and
the
Swap
Cou
nter
party
will
pay
to, o
r on
beha
lf of
, th
e C
ity a
sem
i-ann
ual
paym
ent
base
d on
a r
ate
equa
l to
the
fix
ed r
ate
on t
he c
ertif
icat
es o
f pa
rtici
patio
n (4
.75%
) tim
es a
not
iona
l am
ount
spe
cifie
d in
the
Sw
ap
Agr
eem
ent,
but g
ener
ally
equ
al to
the
outs
tand
ing
unpa
id p
rinci
pal p
ortio
n of
suc
h C
ontra
ct, l
ess
the
amou
nt o
rigin
ally
dep
osite
d in
the
Res
erve
Fun
d re
latin
g to
the
Con
tract
, and
(ii)
a o
ne-ti
me
Swap
Pre
miu
m to
be
paid
on
the
effe
ctiv
e da
te o
f th
e Sw
ap A
gree
men
t. Th
e se
mia
nnua
l pay
men
ts f
rom
the
Swap
Cou
nter
party
with
re
spec
t to
the
City
are
stru
ctur
ed, a
nd e
xpec
ted,
to
be s
uffic
ient
to
mak
e al
l in
tere
st p
aym
ents
due
und
er t
he C
ontra
ct, a
nd r
elat
ed d
istri
butio
ns o
f in
tere
st o
n th
e C
ertif
icat
es.
Mon
thly
inte
rest
pay
men
ts b
etw
een
the
City
, the
hol
ders
of t
he C
ertif
icat
es o
f Par
ticip
atio
n, a
nd th
e Sw
ap C
ount
erpa
rty c
an b
e m
ade
in n
et se
ttlem
ent f
orm
as
par
t of t
his
agre
emen
t. U
nder
the
Swap
Agr
eem
ent,
the
City
’s o
blig
atio
n to
pay
floa
ting
paym
ents
to th
e Sw
ap C
ount
erpa
rty in
any
cal
enda
r yea
r may
not
exc
eed
an
amou
nt e
qual
to th
e SI
FMA
Mun
icip
al S
wap
Inde
x pl
us .0
5% to
be
dete
rmin
ed o
n th
e fir
st b
usin
ess d
ay o
f Dec
embe
r in
the
prec
edin
g ye
ar. T
his a
gree
men
t mat
ures
on
June
1, 2
028,
at t
he sa
me
time
of th
e ce
rtific
ates
of p
artic
ipat
ion.
Thi
s der
ivat
ive
qual
ifies
as a
fair
mar
ket h
edge
. In
the
unlik
ely
even
t tha
t the
Sw
ap C
ount
erpa
rty b
ecom
es in
solv
ent,
or fa
ils to
mak
e pa
ymen
ts a
s spe
cifie
d in
the
Swap
Agr
eem
ent,
the
City
wou
ld b
e ex
pose
d to
cre
dit
risk
in t
he a
mou
nt o
f th
e Sw
ap’s
fai
r va
lue.
To
min
imiz
e th
is r
isk,
the
City
exe
cute
d th
is a
gree
men
t w
ith c
ount
erpa
rties
of
appr
opria
te c
redi
t st
reng
th,
with
the
co
unte
rpar
ty b
eing
rate
d A
a3 b
y M
oody
’s. A
t Dec
embe
r 31,
201
8, th
e flo
atin
g ra
te b
eing
pai
d by
the
City
is 2
.02%
and
the
mar
ket v
alue
of t
his a
gree
men
t is $
943,
267,
a
decr
ease
of $
157,
361
from
the
mar
ket v
alue
at t
he e
nd o
f the
pre
viou
s fis
cal y
ear.
The
mar
ket v
alue
of t
he h
edge
was
det
erm
ined
usi
ng se
ttlem
ent p
rices
at t
he e
nd o
f th
e da
y on
Dec
embe
r 31,
201
8 ba
sed
on th
e de
rivat
ive
cont
ract
. Th
is m
arke
t val
ue is
repo
rted
as a
noth
er a
sset
in th
e st
atem
ent o
f net
pos
ition
. A
s th
is d
eriv
ativ
e is
an
effe
ctiv
e he
dge,
qua
lifyi
ng fo
r hed
ge a
ccou
ntin
g, th
e in
flow
from
the
hedg
e (a
ny c
hang
e in
fair
valu
e fr
om in
cept
ion
until
fisc
al y
ear e
nd) i
s de
ferr
ed a
nd re
porte
d as
a
defe
rred
inflo
w o
f res
ourc
es in
the
stat
emen
t of n
et p
ositi
on.
5.
D
ebt S
ervi
ce to
Mat
urity
for
all B
ond
Issu
es
Prin
cipa
lIn
tere
stPr
inci
pal
Inte
rest
Prin
cipa
lIn
tere
st
2019
671,
000
$
1,
027,
741
$
365,
000
$
98
,175
$
1,
036,
000
$
1,12
5,91
6$
20
205,
362,
000
831,
570
37
5,00
0
85,4
00
5,73
7,00
0
91
6,97
0
2021
5,46
1,00
0
58
2,65
5
385,
000
72
,275
5,
846,
000
654,
930
20
225,
688,
000
323,
779
40
0,00
0
58,8
00
6,08
8,00
0
38
2,57
9
2023
494,
000
52
,538
86
5,00
0
56,6
00
1,35
9,00
0
10
9,13
8
2024
-202
82,
088,
000
114,
413
-
-
2,
088,
000
114,
413
19
,764
,000
$
2,
932,
696
$
2,39
0,00
0$
37
1,25
0$
22,1
54,0
00$
3,30
3,94
6$
Wat
er a
nd S
ewer
Gol
fT
otal
City
of R
ome,
Geo
rgia
NO
TE
S T
O T
HE
FIN
AN
CIA
L S
TA
TE
ME
NT
S
Dec
embe
r 31
, 201
8 68
NO
TE
III -
DE
TA
ILE
D N
OT
ES
ON
AL
L F
UN
DS
– C
ontin
ued
E
. L
ong-
Ter
m D
ebt –
Con
tinue
d
5.
Deb
t Ser
vice
to M
atur
ity fo
r al
l Bon
d Is
sues
- C
ontin
ued
Prin
cipa
lIn
tere
stPr
inci
pal
Inte
rest
Prin
cipa
lIn
tere
st
2019
2,97
5,00
0$
14
8,75
0$
-$
21
5,03
2$
2,97
5,00
0$
36
3,78
2$
2020
-
-
-
21
5,03
2
-
21
5,03
2
2021
-
-
-
21
5,03
2
-
21
5,03
2
2022
-
-
-
21
5,03
2
-
21
5,03
2
2023
-
-
-
21
5,03
2
-
21
5,03
2
2024
-202
8-
-
4,
527,
000
1,07
5,16
0
4,
527,
000
1,07
5,16
0
2,
975,
000
$
148,
750
$
4,
527,
000
$
2,15
0,32
0$
7,
502,
000
$
2,29
9,07
0$
Rec
reat
ion
Faci
litie
s Aut
hori
tyB
onds
Pay
able
GM
A C
OP
Tot
al
6.
N
otes
Pay
able
and
Inte
rgov
ernm
enta
l Agr
eem
ent
In 2
013,
the
City
ent
ered
into
an
agre
emen
t with
the
Geo
rgia
Env
ironm
enta
l Fin
ance
Aut
horit
y (G
EFA
) and
the
Stat
e R
evol
ving
Loa
n Fu
nd to
fina
nce
the
cons
truct
ion
and
impr
ovem
ents
of
vario
us w
ater
and
sew
er f
acili
ties.
As
of D
ecem
ber
31, 2
018,
the
City
had
ent
ered
into
one
(1)
suc
h lo
an a
gree
men
t with
a lo
an b
alan
ce o
f $2
,053
,605
. Th
e fo
llow
ing
is a
sche
dule
of t
he fu
ture
requ
ired
prin
cipa
l and
inte
rest
pay
men
ts o
n th
e G
EFA
loan
agr
eem
ents
as o
f Dec
embe
r 31,
201
8:
Is
sue
Inte
rest
Mat
urity
Beg
inni
ngD
ate
Rat
e (%
)D
ate
Bal
ance
Ret
ired
Out
stan
ding
Cur
rent
Long
-Ter
m12
/31/
2014
2.13
%1/
1/20
352,
159,
552
$
10
5,94
7$
2,
053,
605
$
10
8,22
5$
1,
945,
380
$
In 2
008,
Flo
yd C
ount
y is
sued
deb
t in
the
amou
nt o
f $7,
880,
000
(City
’s p
ortio
n $3
,940
,000
) at a
n in
tere
st ra
te b
etw
een
3.10
% to
5.0
0%, i
n or
der t
o fin
ance
the
cost
s of
co
nstru
ctin
g th
e Fo
rum
par
king
dec
k. T
he C
ity o
f Rom
e pu
rcha
sed
one
half
of th
e pr
ojec
t thr
ough
an
inte
rgov
ernm
enta
l agr
eem
ent f
rom
Flo
yd C
ount
y an
d ag
reed
to
mak
e in
stal
lmen
t pay
men
ts to
pay
one
hal
f of t
he p
rinci
pal a
nd in
tere
st o
n th
e de
bt w
hen
due.
One
hal
f of t
he to
tal p
roje
ct w
as c
apita
lized
on
the
City
’s b
ooks
. In
2014
, Fl
oyd
Cou
nty
adva
nce
refu
nded
the
orig
inal
deb
t pr
ior
to t
he e
xpira
tion
of t
he i
nter
gove
rnm
enta
l ag
reem
ent,
in w
hich
the
per
ceiv
ed e
cono
mic
adv
anta
ges
of t
he
refu
ndin
g ar
e pa
ssed
thro
ugh
to th
e C
ity o
f R
ome.
The
City
adj
uste
d th
e in
terg
over
nmen
tal p
ayab
le to
the
pres
ent v
alue
of
futu
re m
inim
um p
aym
ents
in th
e re
vise
d ag
reem
ent
whi
ch r
esul
ted
in a
def
erre
d ch
arge
on
refu
ndin
g to
be
amor
tized
as
a co
mpo
nent
of
inte
rest
exp
endi
ture
s st
raig
ht-li
ne o
ver
the
rem
aini
ng l
ife o
f th
e ag
reem
ent.
City
of R
ome,
Geo
rgia
NO
TE
S T
O T
HE
FIN
AN
CIA
L S
TA
TE
ME
NT
S
Dec
embe
r 31
, 201
8 69
NO
TE
III -
DE
TA
ILE
D N
OT
ES
ON
AL
L F
UN
DS
– C
ontin
ued
E
. L
ong-
Ter
m D
ebt -
Con
tinue
d 6.
N
otes
Pay
able
and
Inte
rgov
ernm
enta
l Agr
eem
ent -
Con
tinue
d Th
e C
ity e
nter
ed i
nto
an a
gree
men
t w
ith t
hree
pro
perty
ow
ners
to
purc
hase
pro
perty
for
$1,
675,
000
at a
n in
tere
st r
ate
of 5
%. T
he C
ity r
eneg
otia
ted
the
paym
ent
sche
dule
with
the
final
pay
men
t to
be m
ade
in fi
scal
yea
r 201
8. In
201
0, th
e C
ity is
sued
deb
t in
the
amou
nt o
f $57
1,60
0 at
an
inte
rest
rate
of 5
.83%
per
ann
um, i
n or
der
to p
rovi
de fu
nds t
o pa
y ce
rtain
rede
velo
pmen
t cos
ts w
ithin
TA
D II
. Th
e fin
al p
aym
ent w
ill b
e m
ade
in fi
scal
yea
r 202
4 fo
r the
TA
D II
not
e.
In J
anua
ry a
nd A
pril
2018
, the
City
ent
ered
into
agr
eem
ents
with
two
deve
lope
rs to
pro
vide
for c
erta
in c
osts
ass
ocia
ted
with
the
cons
truct
ing
of a
n ap
artm
ent p
roje
ct,
hote
l pro
ject
and
rei
mbu
rsin
g fo
r a
porti
on o
f re
late
d co
sts.
Two
note
s w
ere
issu
ed to
pro
vide
for
cer
tain
cos
ts in
the
area
s, w
hich
are
des
igna
ted
as T
ax A
lloca
tion
Dis
trict
s (TA
Ds)
. The
TA
D n
otes
are
pro
mis
sory
not
es is
sued
by
the
City
that
are
pay
able
and
secu
red
by a
ntic
ipat
ed in
crem
enta
l inc
reas
es in
ad
valo
rem
pro
perty
taxe
s co
llect
ed w
ithin
the
dist
ricts
and
pai
d to
the
City
. TA
D N
ote
1 w
as is
sued
for $
2,50
4,37
9 w
ith a
pre
sent
val
ue o
f $2,
142,
302
and
TAD
Not
e 2
was
issu
ed fo
r $3,
300,
000
with
a p
rese
nt v
alue
of
$2,7
74,6
76. T
AD
Not
e 1
mat
ures
in 2
029
and
TAD
Not
e 2
mat
ures
in 2
032.
An
impu
ted
inte
rest
am
ount
, or d
isco
unt,
was
cal
cula
ted
on th
e no
tes p
ayab
le d
ue to
nei
ther
not
e ha
ving
a st
ated
inte
rest
rate
. Th
e fo
llow
ing
is a
sche
dule
of t
he fu
ture
requ
ired
prin
cipa
l and
inte
rest
pay
men
ts o
n th
e no
tes p
ayab
le a
s of D
ecem
ber 3
1, 2
018:
End
ed D
ecem
ber 3
1,Pr
incip
alIn
tere
stTo
tal
Prin
cipal
Inte
rest
Tota
l20
1946
7,84
3$
15,8
55$
48
3,69
8$
108,
225
$
42
,689
$
150,
914
$
20
2047
0,12
5
13,5
73
48
3,69
8
110,
553
40
,361
150,
914
20
2147
2,54
1
11,5
17
48
4,05
8
112,
931
37
,984
150,
915
20
2247
5,09
8
8,60
0
48
3,69
8
115,
360
35
,554
150,
914
20
2347
7,80
4
5,89
4
48
3,69
8
117,
841
33
,073
150,
914
20
24-2
028
2,19
5,46
0
3,
031
2,19
8,49
1
62
8,33
6
126,
238
75
4,57
4
2029
-203
31,
088,
700
-
1,08
8,70
0
69
8,88
2
55,6
93
75
4,57
5
2034
-
-
-
161,
477
2,
013
163,
490
To
tal5,
647,
571
58,4
70$
5,
706,
041
$
2,05
3,60
5
37
3,60
5$
2,42
7,21
0$
Le
ss cu
rrent
matu
rities
467,
843
10
8,22
5
Lon g
-term
5,17
9,72
8$
1,
945,
380
$
Gov
ernm
enta
l Act
iviti
esBu
sines
s-typ
e Act
iviti
es
City
of R
ome,
Geo
rgia
NO
TE
S T
O T
HE
FIN
AN
CIA
L S
TA
TE
ME
NT
S
Dec
embe
r 31
, 201
8 70
NO
TE
III -
DE
TA
ILE
D N
OT
ES
ON
AL
L F
UN
DS
– C
ontin
ued
E
. L
ong-
Ter
m D
ebt -
Con
tinue
d 6.
N
otes
Pay
able
and
Inte
rgov
ernm
enta
l Agr
eem
ent -
Con
tinue
d Th
e fo
llow
ing
is a
sche
dule
of t
he fu
ture
requ
ired
prin
cipa
l and
inte
rest
pay
men
ts o
n th
e in
terg
over
nmen
tal a
gree
men
t as o
f Dec
embe
r 31,
201
8:
Yea
r E
nded
Dec
embe
r 31
,Pr
inci
pal
Inte
rest
Tot
al20
1917
0,00
0$
97
,515
$
267,
515
$
20
2017
5,00
0
90
,715
265,
715
20
2118
0,00
0
85
,465
265,
465
20
2218
7,50
0
80
,065
267,
565
20
2319
0,00
0
76
,315
266,
315
20
24-2
028
1,03
7,50
0
301,
738
1,
339,
238
2029
-203
298
0,00
0
10
0,00
0
1,08
0,00
0
To
tal
2,92
0,00
0
831,
813
$
3,
751,
813
$
Less
cur
rent
mat
uriti
es17
0,00
0
Lo
ng-te
rm2,
750,
000
$
Gov
ernm
enta
l Act
iviti
es
7.
Cap
ital L
ease
Pay
able
In D
ecem
ber 2
018,
the
City
ent
ered
into
a c
apita
l lea
se a
gree
men
t as
less
ee fo
r fin
anci
ng th
e ac
quis
ition
of p
olic
e so
ftwar
e us
ed in
gen
eral
gov
ernm
enta
l act
iviti
es. T
he
leas
e ag
reem
ent q
ualif
ies
as c
apita
l lea
se fo
r acc
ount
ing
purp
oses
and
, the
refo
re, h
as b
een
reco
rded
at t
he p
rese
nt v
alue
of t
he fu
ture
min
imum
leas
e pa
ymen
ts a
s of
the
date
of i
ts in
cept
ion.
As
of D
ecem
ber 3
1, 2
018
the
City
had
sof
twar
e eq
uipm
ent u
nder
cap
ital l
ease
with
a c
ost o
f $14
7,70
3 an
d ac
cum
ulat
ed d
epre
ciat
ion
of $
6,21
8 fo
r a
net b
ook
valu
e of
$14
1,48
5. A
nnua
l dep
reci
atio
n of
the
asse
t is i
nclu
ded
in d
epre
ciat
ion
expe
nse.
City
of R
ome,
Geo
rgia
NO
TE
S T
O T
HE
FIN
AN
CIA
L S
TA
TE
ME
NT
S
Dec
embe
r 31
, 201
8 71
NO
TE
III -
DE
TA
ILE
D N
OT
ES
ON
AL
L F
UN
DS
- Con
tinue
d E
. L
ong-
Ter
m D
ebt –
Con
tinue
d 8.
C
hang
es in
Lon
g - T
erm
Deb
t of t
he C
ity
The
follo
win
g is
a su
mm
ary
of c
hang
es in
long
-term
deb
t of t
he C
ity fo
r fis
cal y
ear e
nded
Dec
embe
r 31,
201
8. T
he G
ener
al F
und
has t
ypic
ally
bee
n us
ed to
liqu
idat
e th
e lia
bilit
y fo
r com
pens
ated
abs
ence
s, no
tes p
ayab
le a
nd o
ther
long
-term
liab
ilitie
s in
the
gove
rnm
enta
l act
iviti
es:
R
esta
ted
Bal
ance
Bal
ance
Due
with
inD
ue in
mor
e12
/31/
2017
Add
ition
sD
elet
ions
12/3
1/20
18on
e ye
arth
an o
ne y
ear
Gov
ernm
enta
l Act
iviti
es:
Cer
tific
ates
of P
artic
ipat
ion
4,52
7,00
0$
-$
-
$
4,52
7,00
0$
-$
4,
527,
000
$
B
onds
Pay
able
5,83
5,00
0
-
2,
860,
000
2,
975,
000
2,
975,
000
-
Una
mor
tized
Bon
d Pr
emiu
m29
6,49
3
-
189,
420
107,
073
107,
073
-
N
otes
Pay
able
478,
743
5,80
4,37
9
635,
551
5,64
7,57
1
467,
843
5,17
9,72
8
Dis
coun
t on
note
s pay
able
-
(8
87,4
01)
(118
,095
)
(7
69,3
06)
-
(7
69,3
06)
Cap
ital L
ease
-
14
7,70
3
-
147,
703
47,8
05
99,8
98
Tota
l OPE
B L
iabi
lity
16,3
22,5
49
2,02
2,71
8
978,
573
17,3
66,6
94
-
17
,366
,694
In
terg
over
nmen
tal A
gree
men
ts3,
082,
500
-
162,
500
2,92
0,00
0
170,
000
2,75
0,00
0
Net
Pen
sion
Lia
bilit
y21
,800
,224
12
,139
,161
11
,192
,218
22
,747
,167
-
22,7
47,1
67
Com
pens
ated
Abs
ence
s1,
031,
470
71
4,35
7
76
1,05
4
98
4,77
3
73
8,58
0
24
6,19
3
T
otal
Gov
ernm
enta
lA
ctiv
ities
53,3
73,9
79$
19,9
40,9
17$
16,6
61,2
21$
56,6
53,6
75$
4,50
6,30
1$
52,1
47,3
74$
Bus
ines
s-T
ype
Act
iviti
es:
R
even
ue B
onds
27,6
95,0
00$
-$
5,
541,
000
$
22
,154
,000
$
1,
036,
000
$
21
,118
,000
$
U
nam
ortiz
ed B
ond
Prem
ium
1,33
0,14
6
-
49
7,17
4
83
2,97
2
-
832,
972
Not
es P
ayab
le2,
159,
552
-
105,
947
2,05
3,60
5
108,
225
1,94
5,38
0
Land
fill C
losu
re/P
ostc
losu
re8,
768,
104
44
8,60
9
98
,676
9,
118,
037
23
4,04
8
8,
883,
989
C
ompe
nsat
ed A
bsen
ces
1,41
2,20
8
1,14
6,43
0
1,03
0,11
8
1,52
8,52
0
1,14
5,38
7
383,
133
Tot
al B
usin
ess-
Typ
eA
ctiv
ities
41,3
65,0
10$
1,59
5,03
9$
7,27
2,91
5$
35,6
87,1
34$
2,52
3,66
0$
33,1
63,4
74$
City
of R
ome,
Geo
rgia
NO
TE
S T
O T
HE
FIN
AN
CIA
L S
TA
TE
ME
NT
S
Dec
embe
r 31
, 201
8 72
NO
TE
III -
DE
TA
ILE
D N
OT
ES
ON
AL
L F
UN
DS
- Con
tinue
d E
. L
ong-
Ter
m D
ebt -
Con
tinue
d 8.
C
hang
es in
Lon
g - T
erm
Deb
t of t
he C
ity –
Con
tinue
d
Bal
ance
Bal
ance
Due
with
inD
ue in
mor
eC
ompo
nent
Uni
t12
/31/
2017
Add
ition
sD
elet
ions
12/3
1/20
18on
e ye
arth
an o
ne y
ear
Gre
ater
Rom
e C
onve
ntio
n &
V
isito
rs B
urea
uC
ompe
nsat
ed A
bsen
ces
35,1
00$
29,5
92$
23,3
09$
41,3
83$
31,0
37$
10,3
46$
Tot
al G
reat
er R
ome
Con
vent
ion
an
d V
isito
rs B
urea
u35
,100
$
29
,592
$
23
,309
$
41
,383
$
31
,037
$
10
,346
$
Res
tate
dC
ompo
nent
Uni
tB
alan
ceB
alan
ceD
ue w
ithin
Due
in m
ore
Rom
e B
oard
of E
duca
tion
6/30
/201
7A
dditi
ons
Del
etio
ns6/
30/2
018
one
year
than
one
yea
rC
onst
ruct
ion
Bon
ds2,
000,
000
$
-$
-
$
2,00
0,00
0$
-$
2,
000,
000
$
C
ompe
nsat
ed A
bsen
ces
51,5
15
161,
821
132,
066
81,2
70
81,2
70
-
To
tal O
PEB
Lia
bilit
y48
,590
,085
2,
419,
729
6,
185,
385
44
,824
,429
-
44,8
24,4
29
Net
Pen
sion
Liab
ility
56,9
15,6
76
7,34
1,27
5
12,9
18,0
11
51,3
38,9
40
-
51
,338
,940
Tot
al R
ome
Boa
rd o
f Edu
catio
n10
7,55
7,27
6$
9,
922,
825
$
19
,235
,462
$
98
,244
,639
$
81
,270
$
98
,163
,369
$
City
of R
ome,
Geo
rgia
NO
TE
S T
O T
HE
FIN
AN
CIA
L S
TA
TE
ME
NT
S
Dec
embe
r 31
, 201
8 73
NO
TE
III -
DE
TA
ILE
D N
OT
ES
ON
AL
L F
UN
DS
- Con
tinue
d F.
Pe
nsio
n Pl
ans
1.
City
of R
ome
Def
ined
Ben
efit
Plan
a)
Pl
an D
escr
iptio
n Th
e C
ity, a
s au
thor
ized
by
the
City
Com
mis
sion
, has
est
ablis
hed
a de
fined
ben
efit
pens
ion
plan
(The
City
of R
ome
Ret
irem
ent P
lan)
cov
erin
g al
l ful
l-tim
e em
ploy
ees.
Th
e C
ity’s
pen
sion
pla
n is
aff
iliat
ed w
ith th
e G
eorg
ia M
unic
ipal
Em
ploy
ee B
enef
it Sy
stem
(G
MEB
S), a
n ag
ent m
ultip
le-e
mpl
oyer
pen
sion
pla
n ad
min
iste
red
by th
e G
eorg
ia M
unic
ipal
Ass
ocia
tion.
Con
tribu
tions
mad
e by
the
City
are
com
min
gled
with
con
tribu
tions
mad
e by
oth
er m
embe
rs o
f GM
EBS
for i
nves
tmen
t pur
pose
s. T
he
City
doe
s no
t ow
n an
y se
curit
ies
on it
s ow
n.
Inve
stm
ent i
ncom
e fr
om th
e se
curit
ies
is a
lloca
ted
on a
pro
rat
a ba
sis.
The
Geo
rgia
Mun
icip
al A
ssoc
iatio
n is
sues
a
publ
icly
ava
ilabl
e fin
anci
al r
epor
t tha
t inc
lude
s fin
anci
al s
tate
men
ts a
nd r
equi
red
supp
lem
enta
ry in
form
atio
n fo
r G
MEB
S. T
hat r
epor
t may
be
obta
ined
by
writ
ing
to
Geo
rgia
Mun
icip
al A
ssoc
iatio
n, R
isk
Man
agem
ent a
nd E
mpl
oyee
Ben
efit
Serv
ices
, 201
Pry
or S
treet
, NW
, Atla
nta,
Geo
rgia
303
03 o
r by
calli
ng (4
04) 6
88-0
472.
A
s pr
ovid
ed b
y st
ate
law
, ben
efit
prov
isio
ns fo
r par
ticip
ants
in G
MEB
S ar
e es
tabl
ishe
d an
d am
ende
d by
the
resp
ectiv
e em
ploy
ers.
As
auth
oriz
ed b
y C
ity C
ounc
il, th
e pl
an p
rovi
des
pens
ion
bene
fits
and
deat
h an
d di
sabi
lity
bene
fits
for p
lan
mem
bers
and
ben
efic
iarie
s. P
lan
bene
fit p
rovi
sion
s ar
e es
tabl
ishe
d by
the
City
Com
mis
sion
. Em
ploy
ees
are
elig
ible
to p
artic
ipat
e in
the
Plan
upo
n hi
re.
Cov
ered
em
ploy
ees
are
not r
equi
red
to c
ontri
bute
to th
e Pl
an.
Empl
oyee
s be
com
e ve
sted
afte
r 10
year
s of
se
rvic
e.
The
bene
fits
of th
e Pl
an a
re p
aid
in th
e fo
rm o
f a
mon
thly
life
ann
uity
bas
ed o
n th
e em
ploy
ees’
fin
al a
vera
ge e
arni
ngs.
Ben
efits
are
cal
cula
ted
at 1
.35%
to
2.0%
of t
he a
vera
ge m
onth
ly e
arni
ngs
for t
he p
erio
d of
the
five
high
est y
ears
prio
r to
retir
emen
t. N
orm
al re
tirem
ent a
ge is
60
if em
ploy
ed p
rior t
o A
pril
1, 1
958,
62
if pa
rtici
pant
has
25
or m
ore
year
s of s
ervi
ce, a
nd 6
5 if
empl
oyed
on
or a
fter A
pril
1, 1
958
with
less
than
25
year
s of s
ervi
ce. E
ffec
tive
for a
ll em
ploy
ees h
ired
subs
eque
nt
to S
epte
mbe
r 1, 2
013,
all
retir
emen
t cla
ssifi
catio
n ag
e br
acke
ts w
ere
incr
ease
d tw
o ye
ars.
Plan
Mem
bers
hip.
At J
uly
1, 2
018,
the
date
of t
he m
ost r
ecen
t act
uaria
l val
uatio
n, th
ere
wer
e 1,
073
parti
cipa
nts c
onsi
stin
g of
the
follo
win
g:
R
etire
es a
nd b
enef
icia
ries c
urre
ntly
rece
ivin
g be
nefit
s37
3
Te
rmin
ated
ves
ted
parti
cipa
nts n
ot y
et re
ceiv
ing
bene
fits
128
Act
ive
empl
oyee
s - v
este
d30
3
A
ctiv
e em
ploy
ees -
non
vest
ed26
9
To
tal
1,07
3
C
ontr
ibut
ions
. Th
e Pl
an is
sub
ject
to m
inim
um f
undi
ng s
tand
ards
of
the
Geo
rgia
Pub
lic R
etire
men
t Sys
tem
s St
anda
rds
law
. Th
e B
oard
of
Trus
tees
of
GM
EBS
has
adop
ted
a re
com
men
ded
actu
aria
l fun
ding
pol
icy
for
the
plan
whi
ch m
eets
sta
te m
inim
um r
equi
rem
ents
and
will
acc
umul
ate
suff
icie
nt f
unds
to p
rovi
de th
e be
nefit
s un
der
the
plan
. Th
e fu
ndin
g po
licy
for
the
plan
is to
con
tribu
te a
n am
ount
equ
al to
or
grea
ter
than
the
reco
mm
ende
d co
ntrib
utio
n de
scrib
ed b
elow
. Fo
r 20
18, t
he
actu
aria
lly d
eter
min
ed c
ontri
butio
n w
as $
3,12
7,26
2. T
he C
ity m
akes
all
cont
ribut
ions
to th
e pl
an. F
or 2
018,
the
City
’s c
ontri
butio
n to
the
Plan
was
$3,
482,
251.
City
of R
ome,
Geo
rgia
NO
TE
S T
O T
HE
FIN
AN
CIA
L S
TA
TE
ME
NT
S
Dec
embe
r 31
, 201
8 74
NO
TE
III -
DE
TA
ILE
D N
OT
ES
ON
AL
L F
UN
DS
- Con
tinue
d F.
Pe
nsio
n Pl
ans -
Con
tinue
d 1.
C
ity o
f Rom
e D
efin
ed B
enef
it Pl
an -
Con
tinue
d 8.
N
et P
ensi
on L
iabi
lity
of th
e C
ity
Th
e C
ity’s
net
pen
sion
liab
ility
was
mea
sure
d as
of M
arch
31,
201
8. T
he to
tal p
ensi
on li
abili
ty u
sed
to c
alcu
late
the
net p
ensi
on li
abili
ty w
as d
eter
min
ed b
y an
act
uaria
l va
luat
ion
as o
f Jul
y 1,
201
7 w
ith u
pdat
e pr
oced
ures
per
form
ed b
y th
e ac
tuar
y to
roll
forw
ard
to th
e to
tal p
ensi
on li
abili
ty m
easu
red
as o
f Mar
ch 3
1, 2
018.
Ac
tuar
ial
assu
mpt
ions
. Th
e to
tal
pens
ion
liabi
lity
in t
he J
uly
1, 2
017
actu
aria
l va
luat
ion
was
det
erm
ined
usi
ng t
he f
ollo
win
g ac
tuar
ial
assu
mpt
ions
, app
lied
to a
ll pe
riods
incl
uded
in th
e m
easu
rem
ent:
Infla
tion
2.75
%Sa
lary
incr
ease
s3.
25 -
8.25
%, i
nclu
ding
infla
tion
Inve
stm
ent r
ate
of re
turn
7.5%
, net
of p
ersi
on p
lan
inve
stm
ent e
xpen
se, i
nclu
ding
infla
tion
Mor
talit
y ra
tes f
or th
e Ju
ly 1
, 201
7 va
luat
ion
wer
e ba
sed
on th
e R
P-20
00 C
ombi
ned
Hea
lthy
Mor
talit
y Ta
ble
with
sex-
dist
inct
rate
s, se
t for
war
d tw
o ye
ars f
or m
ales
and
on
e ye
ar fo
r fem
ales
.
The
actu
aria
l ass
umpt
ions
use
d in
the
July
1, 2
017
valu
atio
n w
ere
base
d on
the
resu
lts o
f an
actu
aria
l exp
erie
nce
stud
y fo
r the
per
iod
Janu
ary
1, 2
010–
June
30,
201
4.
Cos
t of l
ivin
g ad
just
men
ts w
ere
assu
med
to b
e 2.
75%
for C
lass
5; 0
.00%
oth
erw
ise.
City
of R
ome,
Geo
rgia
NO
TE
S T
O T
HE
FIN
AN
CIA
L S
TA
TE
ME
NT
S
Dec
embe
r 31
, 201
8 75
NO
TE
III -
DE
TA
ILE
D N
OT
ES
ON
AL
L F
UN
DS
- Con
tinue
d F.
Pe
nsio
n Pl
ans -
Con
tinue
d 1.
C
ity o
f Rom
e D
efin
ed B
enef
it Pl
an -
Con
tinue
d b)
N
et P
ensi
on L
iabi
lity
of th
e C
ity -
Con
tinue
d
The
long
-term
exp
ecte
d ra
te o
f ret
urn
on p
ensi
on p
lan
inve
stm
ents
was
det
erm
ined
usi
ng a
bui
ldin
g-bl
ock
met
hod
in w
hich
bes
t-est
imat
e ra
nges
of e
xpec
ted
futu
re re
al
rate
s of
retu
rn (e
xpec
ted
retu
rns,
net o
f pen
sion
pla
n in
vest
men
t exp
ense
and
infla
tion)
are
dev
elop
ed fo
r eac
h m
ajor
ass
et c
lass
. The
se ra
nges
are
com
bine
d to
pro
duce
th
e lo
ng-te
rm e
xpec
ted
rate
of
retu
rn b
y w
eigh
ting
the
expe
cted
fut
ure
real
rat
es o
f re
turn
by
the
targ
et a
sset
allo
catio
n pe
rcen
tage
and
by
addi
ng e
xpec
ted
infla
tion.
B
est e
stim
ates
of a
rithm
etic
real
rate
s of
retu
rn fo
r eac
h m
ajor
ass
et c
lass
incl
uded
in th
e pe
nsio
n pl
an's
targ
et a
sset
allo
catio
n as
of M
arch
31,
201
8 ar
e su
mm
ariz
ed in
th
e ta
ble
belo
w:
Lon
g-te
rmT
arge
tex
pect
ed r
eal
Ass
et c
lass
allo
catio
nra
te o
f ret
urn*
Dom
estic
equ
ity45
%6.
71%
Inte
rnat
iona
l equ
ity20
%7.
71R
eal e
stat
e10
%5.
21G
loba
l fix
ed in
com
e5%
3.36
Dom
estic
fixe
d in
com
e20
%2.
11C
ash
—%
Tota
l10
0%
Dis
coun
t rat
e. T
he d
isco
unt r
ate
used
to m
easu
re th
e to
tal p
ensi
on li
abili
ty w
as 7
.50%
. Th
e pr
ojec
tion
of c
ash
flow
s us
ed to
det
erm
ine
the
disc
ount
rate
ass
umed
that
pl
an m
embe
r co
ntrib
utio
ns w
ill b
e m
ade
at th
e cu
rren
t con
tribu
tion
rate
and
that
City
con
tribu
tions
will
be
mad
e at
rat
es e
qual
to th
e di
ffer
ence
bet
wee
n ac
tuar
ially
de
term
ined
con
tribu
tion
rate
s an
d th
e m
embe
r ra
te. B
ased
on
thos
e as
sum
ptio
ns, t
he p
ensi
on p
lan'
s fid
ucia
ry n
et p
ositi
on w
as p
roje
cted
to b
e av
aila
ble
to m
ake
all
proj
ecte
d fu
ture
ben
efit
paym
ents
of
curr
ent p
lan
mem
bers
. Th
eref
ore,
the
long
-term
exp
ecte
d ra
te o
f re
turn
on
pens
ion
plan
inve
stm
ents
was
app
lied
to a
ll of
the
proj
ecte
d be
nefit
pay
men
ts to
det
erm
ine
the
tota
l pen
sion
liab
ility
.
City
of R
ome,
Geo
rgia
NO
TE
S T
O T
HE
FIN
AN
CIA
L S
TA
TE
ME
NT
S
Dec
embe
r 31
, 201
8 76
NO
TE
III -
DE
TA
ILE
D N
OT
ES
ON
AL
L F
UN
DS
- Con
tinue
d F.
Pe
nsio
n Pl
ans -
Con
tinue
d 1.
C
ity o
f Rom
e D
efin
ed B
enef
it Pl
an -
Con
tinue
d b)
N
et P
ensi
on L
iabi
lity
of th
e C
ity -
Con
tinue
d C
hang
es in
the
Net
Pen
sion
Lia
bilit
y of
the
City
. Th
e ch
ange
s in
the
com
pone
nts
of th
e ne
t pen
sion
liab
ility
of t
he C
ity fo
r the
fisc
al y
ear e
nded
Dec
embe
r 31,
201
8 w
ere
as fo
llow
s:
Tot
al P
ensi
onPl
an F
iduc
iary
N
et P
ensi
on
Lia
bilit
yN
et P
ositi
onL
iabi
lity
(a)
(b)
(a) -
(b)
Bal
ance
s at 1
2/31
/17
86,4
97,3
36$
64
,697
,112
$
21,8
00,2
24$
Cha
nges
for
the
year
:Se
rvic
e co
st85
3,50
3
-
853,
503
In
tere
st6,
484,
320
-
6,48
4,32
0
D
iffer
ence
s bet
wee
n ex
pect
ed a
nd a
ctua
l exp
erie
nce
3,32
0,66
1
-
3,
320,
661
Con
tribu
tions
—em
ploy
er-
3,24
3,66
3
(3,2
43,6
63)
N
et in
vest
men
t inc
ome
-
7,
948,
555
(7
,948
,555
)
Ben
efit
paym
ents
, inc
ludi
ng re
fund
s of e
mpl
oyee
co
ntrib
utio
ns(5
,657
,377
)
(5,6
57,3
77)
-
Adm
inis
trativ
e ex
pens
e-
(121
,270
)
12
1,27
0
Oth
er c
hang
es1,
359,
407
-
1,35
9,40
7
N
et c
hang
es6,
360,
514
5,
413,
571
94
6,94
3
Bal
ance
s at 1
2/31
/18
92,8
57,8
50$
70
,110
,683
$
22,7
47,1
67$
Th
e re
quire
d sc
hedu
le o
f ch
ange
s in
the
City
’s n
et p
ensi
on li
abili
ty a
nd r
elat
ed r
atio
s im
med
iate
ly f
ollo
win
g th
e no
tes
to th
e fin
anci
al s
tate
men
ts p
rese
nts
mul
tiyea
r tre
nd in
form
atio
n ab
out w
heth
er th
e va
lue
of p
lan
asse
ts is
incr
easi
ng o
r dec
reas
ing
over
tim
e re
lativ
e to
the
tota
l pen
sion
liab
ility
.
City
of R
ome,
Geo
rgia
NO
TE
S T
O T
HE
FIN
AN
CIA
L S
TA
TE
ME
NT
S
Dec
embe
r 31
, 201
8 77
NO
TE
III -
DE
TA
ILE
D N
OT
ES
ON
AL
L F
UN
DS
- Con
tinue
d F.
Pe
nsio
n Pl
ans -
Con
tinue
d 1.
C
ity o
f Rom
e D
efin
ed B
enef
it Pl
an -
Con
tinue
d b)
N
et P
ensi
on L
iabi
lity
of th
e C
ity -
Con
tinue
d
Sens
itivi
ty o
f the
net
pen
sion
liab
ility
to c
hang
es in
the
disc
ount
rat
e. T
he fo
llow
ing
pres
ents
the
net p
ensi
on li
abili
ty o
f the
City
, cal
cula
ted
usin
g th
e di
scou
nt ra
te o
f 7.
50 p
erce
nt, a
s w
ell a
s w
hat t
he C
ity’s
net
pen
sion
liab
ility
wou
ld b
e if
it w
ere
calc
ulat
ed u
sing
a d
isco
unt r
ate
that
is 1
-per
cent
age-
poin
t low
er (
6.50
per
cent
) or
1-
perc
enta
ge-p
oint
hig
her (
8.50
per
cent
) tha
n th
e cu
rren
t rat
e:
Cur
rent
1% D
ecre
ase
Dis
coun
t Rat
e1%
Incr
ease
(6.5
0%)
(7.5
0%)
(8.5
0%)
City
's ne
t pen
sion
li
abili
ty$
32,3
53,0
46
$
22,7
47,1
67
$
14,5
66,9
07
Cha
nges
in th
e N
et P
ensi
on L
iabi
lity
of th
e C
ity.
Act
uaria
l val
uatio
ns in
volv
e es
timat
es o
f th
e va
lue
of r
epor
ted
amou
nts
and
assu
mpt
ions
abo
ut th
e pr
obab
ility
of
even
ts fa
r int
o th
e fu
ture
, and
act
uaria
lly d
eter
min
ed a
mou
nts
are
subj
ect t
o co
ntin
ual r
evis
ion
as re
sults
are
com
pare
d to
pas
t exp
ecta
tions
and
new
est
imat
es a
re m
ade
abou
t the
futu
re.
Act
uaria
l cal
cula
tions
refle
ct a
long
-term
per
spec
tive.
Cal
cula
tions
are
bas
ed o
n th
e su
bsta
ntiv
e pl
an in
eff
ect a
s of
Mar
ch 3
1, 2
018
and
the
curr
ent
shar
ing
patte
rn o
f cos
ts b
etw
een
empl
oyer
and
em
ploy
ee.
City
of R
ome,
Geo
rgia
NO
TE
S T
O T
HE
FIN
AN
CIA
L S
TA
TE
ME
NT
S
Dec
embe
r 31
, 201
8 78
NO
TE
III -
DE
TA
ILE
D N
OT
ES
ON
AL
L F
UN
DS
- Con
tinue
d F.
Pe
nsio
n Pl
ans -
Con
tinue
d 1.
C
ity o
f Rom
e D
efin
ed B
enef
it Pl
an -
Con
tinue
d
c)
Pens
ion
Exp
ense
and
Def
erre
d O
utflo
ws o
f Res
ourc
es a
nd D
efer
red
Inflo
ws o
f Res
ourc
es R
elat
ed to
Pen
sion
s
For
the
fisca
l yea
r en
ded
Dec
embe
r 31
, 201
8, th
e C
ity r
ecog
nize
d pe
nsio
n ex
pens
e of
$3,
442,
362.
A
t Dec
embe
r 31
, 201
8, th
e C
ity r
epor
ted
defe
rred
out
flow
s of
re
sour
ces a
nd d
efer
red
inflo
ws o
f res
ourc
es re
late
d to
pen
sion
s fro
m th
e fo
llow
ing
sour
ces:
Diff
eren
ces b
etw
een
expe
cted
and
act
ual e
xper
ienc
e$
2,95
3,56
1
$
193,
774
Cha
nges
in a
ssum
ptio
ns1,
019,
556
-
Net
diff
eren
ce b
etw
een
proj
ecte
d an
d ac
tual
ear
ning
s on
pens
ion
plan
in
vest
men
ts-
2,
533,
573
City
con
tribu
tions
subs
eque
nt to
the
mea
sure
men
t dat
e2,
611,
688
-
Tota
l$
6,58
4,80
5
$
2,72
7,34
7
Def
erre
dO
utflo
ws o
fR
esou
rces
Def
erre
dIn
flow
s of
Res
ourc
es
City
of R
ome,
Geo
rgia
NO
TE
S T
O T
HE
FIN
AN
CIA
L S
TA
TE
ME
NT
S
Dec
embe
r 31
, 201
8 79
NO
TE
III -
DE
TA
ILE
D N
OT
ES
ON
AL
L F
UN
DS
- Con
tinue
d F.
Pe
nsio
n Pl
ans -
Con
tinue
d 1.
C
ity o
f Rom
e D
efin
ed B
enef
it Pl
an -
Con
tinue
d
c)
Pens
ion
Exp
ense
and
Def
erre
d O
utflo
ws o
f Res
ourc
es a
nd D
efer
red
Inflo
ws o
f Res
ourc
es R
elat
ed to
Pen
sion
s - C
ontin
ued
City
con
tribu
tions
sub
sequ
ent t
o th
e m
easu
rem
ent d
ate
of $
2,61
1,68
8 ar
e re
porte
d as
def
erre
d ou
tflow
s of
res
ourc
es a
nd w
ill b
e re
cogn
ized
as
a re
duct
ion
of th
e ne
t pe
nsio
n lia
bilit
y in
the
fisca
l yea
r end
ing
Dec
embe
r 31,
201
9. O
ther
am
ount
s re
porte
d as
def
erre
d ou
tflow
s of
reso
urce
s an
d de
ferr
ed in
flow
s of
reso
urce
s re
late
d to
pe
nsio
ns w
ill b
e re
cogn
ized
in p
ensi
on e
xpen
se a
s fol
low
s:
Yea
r end
ing
Dec
embe
r 31:
2019
$1,
048,
146
20
2080
6,03
9
20
21(1
,863
)
20
22(6
06,5
52)
To
tal
$1,
245,
770
2.
City
of R
ome
Def
ined
Con
trib
utio
n Pl
an
a)
Plan
Des
crip
tion
The
City
par
ticip
ates
in
the
Geo
rgia
Mun
icip
al A
ssoc
iatio
n 40
1(a)
Def
ined
Con
tribu
tion
Plan
whi
ch i
s ad
min
iste
red
thro
ugh
the
Geo
rgia
Mun
icip
al A
ssoc
iatio
n (G
MA
). T
he P
lan
is a
gov
ernm
enta
l qua
lifie
d de
fined
con
tribu
tion
plan
und
er S
ectio
ns 4
01(a
) and
414
(d) o
f the
Inte
rnal
Rev
enue
Cod
e.
Empl
oyee
s ar
e el
igib
le to
par
ticip
ate
in th
e Pl
an a
fter t
hree
mon
ths
of c
ontin
uous
ser
vice
. C
over
ed e
mpl
oyee
s ar
e no
t req
uire
d or
per
mitt
ed to
con
tribu
te to
the
Plan
. V
estin
g in
the
empl
oyer
con
tribu
tion
porti
on o
f th
eir
acco
unts
is b
ased
on
year
s of
par
ticip
atio
n. A
n em
ploy
ee is
100
% v
este
d af
ter
five
year
s of
par
ticip
atio
n. T
he
City
may
am
end
any
of th
e pr
ovis
ions
in th
e ad
optio
n ag
reem
ent w
ith G
MA
by
an o
ffic
ial a
ctio
n fr
om th
e C
ity C
omm
issi
on a
nd a
ppro
val o
f GM
A.
The
City
’s c
ontri
butio
ns w
ill b
e m
ade
to m
atch
all
or a
por
tion
of a
n em
ploy
ee’s
con
tribu
tion
to a
n el
igib
le 4
57(b
) de
ferr
ed c
ompe
nsat
ion
plan
, inc
ludi
ng th
e G
MA
D
efer
red
Com
pens
atio
n Pl
an.
For e
ach
pay
perio
d in
whi
ch th
e em
ploy
ee c
ontri
bute
s to
a 4
57 P
lan
of th
e C
ity, t
he C
ity w
ill c
ontri
bute
on
a do
llar f
or d
olla
r mat
chin
g ba
sis u
p to
a m
axim
um o
f 1¼
% o
f sal
ary
per P
lan
year
. C
ity c
ontri
butio
ns to
the
Plan
for t
he y
ear e
nded
Dec
embe
r 31,
201
8 to
tale
d $2
27,3
52.
City
of R
ome,
Geo
rgia
NO
TE
S T
O T
HE
FIN
AN
CIA
L S
TA
TE
ME
NT
S
Dec
embe
r 31
, 201
8 80
NO
TE
III -
DE
TA
ILE
D N
OT
ES
ON
AL
L F
UN
DS
– C
ontin
ued
G
. Po
stre
tirem
ent H
ealth
Car
e an
d L
ife In
sura
nce
Ben
efits
Plan
Des
crip
tion
and
Ben
efits
The
Rom
e C
ity C
omm
issi
on h
as c
ontra
cted
with
the
Stan
dard
Insu
ranc
e C
ompa
ny to
adm
inis
ter p
ostre
tirem
ent l
ife in
sura
nce
bene
fits t
o al
l em
ploy
ees w
ho re
tire
unde
r ea
rly o
r nor
mal
retir
emen
t pro
visi
ons.
The
re a
re n
o se
para
tely
issu
ed fi
nanc
ial s
tate
men
ts re
late
d to
the
City
’s P
lan.
The
City
's ob
ligat
ion
to p
rovi
de th
ese
bene
fits
was
cr
eate
d un
der a
City
ord
inan
ce.
At a
ge 6
5, li
fe in
sura
nce
cove
rage
is re
duce
d to
65%
of t
he a
mou
nt p
revi
ousl
y al
low
ed u
nder
the
Plan
and
at a
ge 7
0, th
e co
vera
ge is
re
duce
d to
50%
of
the
amou
nt p
revi
ousl
y al
low
ed u
nder
the
Plan
. The
City
has
ele
cted
not
to e
stab
lish
a se
para
te tr
ust f
und
to a
ccou
nt f
or o
ther
pos
tem
ploy
men
t be
nefit
s, an
d ha
s no
t fu
nded
the
Pla
n as
of
Dec
embe
r 31
, 20
18.
The
City
of
Rom
e R
etire
men
t Pe
nsio
n In
sura
nce
Plan
is
a si
ngle
-em
ploy
er d
efin
ed b
enef
it po
stem
ploy
men
t hea
lth c
are
plan
or o
ther
pos
tem
ploy
men
t ben
efit
(OPE
B) p
lan.
The
City
of R
ome
curr
ently
con
tract
s w
ith B
lue
Cro
ss B
lue
Shie
ld to
adm
inis
ter t
he p
ostre
tirem
ent h
ealth
car
e be
nefit
s. T
he C
ity's
oblig
atio
n to
pro
vide
thes
e be
nefit
s w
as c
reat
ed u
nder
a C
ity o
rdin
ance
. U
pon
term
inat
ion
of e
mpl
oym
ent,
elig
ible
em
ploy
ees
are
entit
led
to c
ontin
ue c
over
age,
at t
heir
own
cost
, und
er th
e C
ity's
med
ical
se
lf-in
sura
nce
plan
(Not
e H
.1) u
p to
age
65.
Afte
r 15
year
s of
ser
vice
, the
City
pay
s 10
% o
f the
retir
ee's
shar
e of
cha
rges
from
the
City
's m
edic
al s
elf-
insu
ranc
e fu
nd
and
life
insu
ranc
e ca
rrie
rs.
The
City
's po
rtion
is in
crea
sed
1% fo
r eac
h ye
ar o
f ser
vice
to a
max
imum
of 3
0%.
E
ligib
ility
El
igib
le p
artic
ipan
ts fo
r Oth
er P
oste
mpl
oym
ent B
enef
its in
clud
e fu
ll tim
e em
ploy
ees,
hire
d pr
ior t
o Ja
nuar
y 1,
200
6, m
eetin
g th
e C
ity’s
requ
irem
ents
for n
orm
al o
r ear
ly
retir
emen
t.
Plan
Mem
bers
hip
The
follo
win
g sc
hedu
le (d
eriv
ed fr
om th
e m
ost r
ecen
t act
uaria
l val
uatio
n re
port)
refle
cts m
embe
rshi
p fo
r the
OPE
B H
ealth
Car
e Pl
an a
s of J
anua
ry 1
, 201
8:
C
ity C
ontr
ibut
ions
The
City
has
ele
cted
to fu
nd th
e pl
an o
n a
pay-
as-y
ou g
o ba
sis.
For t
he y
ear e
nded
Dec
embe
r 31,
201
8, th
e C
ity c
ontri
bute
d $1
,186
,233
for t
he p
ay a
s yo
u go
ben
efits
fo
r the
OPE
B P
lan.
Act
ive
mem
bers
576
Ret
ired
mem
bers
207
Tota
l78
3
City
of R
ome,
Geo
rgia
NO
TE
S T
O T
HE
FIN
AN
CIA
L S
TA
TE
ME
NT
S
Dec
embe
r 31
, 201
8 81
NO
TE
III -
DE
TA
ILE
D N
OT
ES
ON
AL
L F
UN
DS
– C
ontin
ued
G
. Po
stre
tirem
ent H
ealth
Car
e an
d L
ife In
sura
nce
Ben
efits
- C
ontin
ued
T
otal
OPE
B L
iabi
lity
Ef
fect
ive
Janu
ary
1, 2
018,
the
City
impl
emen
ted
the
prov
isio
ns o
f G
ASB
Sta
tem
ent N
o. 7
5, A
ccou
ntin
g an
d Fi
nanc
ial R
epor
ting
for
Post
empl
oym
ent B
enef
its O
ther
Th
an P
ensi
ons,
whi
ch s
igni
fican
tly c
hang
ed th
e C
ity’s
acc
ount
ing
for O
PEB
am
ount
s. Th
e in
form
atio
n di
sclo
sed
in th
is n
ote
is p
rese
nted
in a
ccor
danc
e w
ith th
is n
ew
stan
dard
. Th
e C
ity’s
tota
l OPE
B li
abili
ty o
f $17
,366
,694
was
mea
sure
d as
of J
anua
ry 1
, 201
8 an
d w
as d
eter
min
ed b
y an
act
uaria
l val
uatio
n as
of J
anua
ry 1
, 201
8 us
ing
stan
dard
ro
llfor
war
d te
chni
ques
. A
ctua
rial
Ass
umpt
ions
and
Oth
er In
puts
The
tota
l OPE
B li
abili
ty in
the
Janu
ary
1, 2
018
actu
aria
l val
uatio
n w
as d
eter
min
ed u
sing
the
follo
win
g ac
tuar
ial a
ssum
ptio
ns a
nd o
ther
inpu
ts, a
pplie
d to
all
perio
ds
incl
uded
in th
e m
easu
rem
ent u
nles
s oth
erw
ise
spec
ified
:
Infla
tion
rate
2.75
%Sa
lary
incr
ease
, inc
ludi
ng w
age
infla
tion
3.25
%D
isco
unt r
ate
3.44
%H
ealth
car
e co
st tr
ends
Pre-
med
icar
e7.
25%
- 4.
75%
, Ulti
mat
e Tr
end
in 2
028
Med
icar
e5.
38%
- 4.
75%
, Ulti
mat
e Tr
end
in 2
022
Mor
talit
y ra
tes w
ere
base
d on
the
SOA
RP-
2000
Com
bine
d H
ealth
y M
orta
lity
Tabl
e w
ith se
x-di
stin
ct ra
tes.
Dis
abili
ty m
orta
lity
base
d on
RP-
2000
dis
abili
ty.
The
actu
aria
l ass
umpt
ions
use
d in
the
Janu
ary
1, 2
018
valu
atio
n w
ere
base
d on
a re
view
of r
ecen
t pla
n ex
perie
nce
done
con
curr
ently
with
the
Janu
ary
1, 2
018
valu
atio
n.
The
disc
ount
rat
e is
bas
ed o
n th
e yi
eld
or i
ndex
rat
e fo
r 20
-yea
r, ta
x-ex
empt
gen
eral
obl
igat
ion
mun
icip
al b
onds
with
an
aver
age
ratin
g of
AA
/Aa
or h
ighe
r (o
r eq
uiva
lent
qua
lity
on a
noth
er r
atin
g sc
ale)
. Spe
cific
ally
, the
cho
sen
rate
of
the
Bon
d B
uyer
Gen
eral
Obl
igat
ion
20-y
ear
Mun
icip
al B
ond
Inde
x pu
blis
hed
as o
f th
e m
easu
rem
ent d
ate
of Ja
nuar
y 1,
201
8.
City
of R
ome,
Geo
rgia
NO
TE
S T
O T
HE
FIN
AN
CIA
L S
TA
TE
ME
NT
S
Dec
embe
r 31
, 201
8 82
NO
TE
III -
DE
TA
ILE
D N
OT
ES
ON
AL
L F
UN
DS
– C
ontin
ued
G
. Po
stre
tirem
ent H
ealth
Car
e an
d L
ife In
sura
nce
Ben
efits
- C
ontin
ued
Cha
nges
in th
e T
otal
OPE
B L
iabi
lity
Th
e ch
ange
s in
the
tota
l OPE
B li
abili
ty fo
r the
City
for t
he fi
scal
yea
r end
ed D
ecem
ber 3
1, 2
018
wer
e as
follo
ws:
Tot
al O
PEB
L
iabi
lity
Bal
ance
at J
anua
ry 1
, 201
716
,322
,549
$
Se
rvic
e C
ost
289,
143
In
tere
st59
8,66
9
Expe
rienc
e di
ffere
nces
392,
046
A
ssum
ptio
n ch
ange
s74
2,86
0
Ben
efit
paym
ents
(978
,573
)
B
alan
ce a
t Jan
uary
1, 2
018
17,3
66,6
94$
Sens
itivi
ty fo
r th
e T
otal
OPE
B L
iabi
lity
to C
hang
es in
the
Dis
coun
t Rat
e Th
e fo
llow
ing
pres
ents
the
tota
l OPE
B li
abili
ty o
f the
City
, as
wel
l as
wha
t the
City
’s to
tal O
PEB
liab
ility
wou
ld b
e if
it w
ere
calc
ulat
ed u
sing
a d
isco
unt r
ate
that
is 1
-pe
rcen
tage
-poi
nt lo
wer
(2.4
4 pe
rcen
t) or
1-p
erce
ntag
e-po
int h
ighe
r (4.
44) t
han
the
curr
ent d
isco
unt r
ate:
1% D
ecre
ase
(2.4
4%)
Curr
ent
Disc
ount
Rat
e (3
.44%
)1%
Incr
ease
(4
.44%
)To
tal O
PEB
liabi
lity
19,8
61,7
09$
17
,366
,694
$
15
,312
,342
$
City
of R
ome,
Geo
rgia
NO
TE
S T
O T
HE
FIN
AN
CIA
L S
TA
TE
ME
NT
S
Dec
embe
r 31
, 201
8 83
NO
TE
III -
DE
TA
ILE
D N
OT
ES
ON
AL
L F
UN
DS
– C
ontin
ued
G
. Po
stre
tirem
ent H
ealth
Car
e an
d L
ife In
sura
nce
Ben
efits
- C
ontin
ued
Se
nsiti
vity
for
the
Tot
al O
PEB
Lia
bilit
y to
Cha
nges
in th
e H
ealth
care
Cos
t Tre
nd R
ate
The
follo
win
g pr
esen
ts th
e to
tal O
PEB
liab
ility
of t
he C
ity, a
s wel
l as w
hat t
he C
ity’s
tota
l OPE
B li
abili
ty w
ould
be
if it
wer
e ca
lcul
ated
usi
ng h
ealth
care
cos
t tre
nd ra
tes
that
are
1-p
erce
ntag
e-po
int
low
er (
Pre-
Med
icar
e 6.
25%
tre
nded
dow
n to
3.7
5% a
nd M
edic
are
4.38
% t
rend
ed d
own
to 3
.75%
) or
1-p
erce
ntag
e-po
int
high
er (
Pre-
Med
icar
e 8.
25%
tren
ded
dow
n to
5.7
5% a
nd M
edic
are
6.38
% tr
ende
d do
wn
to 5
.75%
) tha
n th
e cu
rren
t hea
lthca
re c
ost t
rend
rate
s:
1% D
ecre
ase i
n H
ealth
Car
e Cos
t Tr
end
Rate
s
Curr
ent H
ealth
Ca
re C
ost
Tren
d Ra
tes
1% In
crea
se in
H
ealth
Car
e Cos
t Tr
end
Rate
sTo
tal O
PEB
liabi
lity
16,7
28,6
33$
17
,366
,694
$
18
,134
,756
$
Act
uaria
l val
uatio
ns in
volv
e es
timat
es o
f the
val
ue o
f rep
orte
d am
ount
s an
d as
sum
ptio
ns a
bout
the
prob
abili
ty o
f eve
nts
far i
nto
the
futu
re, a
nd a
ctua
rially
det
erm
ined
am
ount
s ar
e su
bjec
t to
cont
inua
l rev
isio
ns a
s re
sults
are
com
pare
d to
pas
t exp
ecta
tions
and
new
est
imat
es a
re m
ade
abou
t the
fut
ure.
A
ctua
rial c
alcu
latio
ns r
efle
ct a
lo
ng-te
rm p
ersp
ectiv
e.
Cal
cula
tions
are
bas
ed o
n th
e su
bsta
ntiv
e pl
an in
eff
ect a
s of
Jan
uary
1, 2
018
and
the
curr
ent s
harin
g pa
ttern
of
cost
s be
twee
n em
ploy
er a
nd
inac
tive
empl
oyee
s. O
PEB
Exp
ense
and
Def
erre
d O
utflo
ws a
nd D
efer
red
Inflo
ws o
f Res
ourc
es R
elat
ed to
OPE
B
Fo
r the
yea
r end
ed D
ecem
ber 3
1, 2
018
the
City
reco
gniz
ed O
PEB
exp
ense
of $
1,09
6,05
2. A
t Dec
embe
r 31,
201
8, th
e C
ity re
porte
d de
ferr
ed o
utflo
ws
of re
sour
ces
and
defe
rred
inflo
ws o
f res
ourc
es re
late
d to
OPE
B fr
om th
e fo
llow
ing
sour
ces:
Defe
rred
Out
flow
s of
Res
ourc
esDe
ferr
ed In
flow
s of
Res
ourc
esDi
ffere
nces
betw
een
expe
cted
and
actu
al ex
perie
nce
320,
111
$
-
$
Chan
ges i
n pl
an as
sum
ptio
ns60
6,55
5
-
Ci
ty co
ntrib
utio
ns su
bseq
uent
to th
e mea
sure
men
t dat
e1,
186,
233
-
To
tal
2,11
2,89
9$
-
$
City
of R
ome,
Geo
rgia
NO
TE
S T
O T
HE
FIN
AN
CIA
L S
TA
TE
ME
NT
S
Dec
embe
r 31
, 201
8 84
NO
TE
III -
DE
TA
ILE
D N
OT
ES
ON
AL
L F
UN
DS
– C
ontin
ued
G
. Po
stre
tirem
ent H
ealth
Car
e an
d L
ife In
sura
nce
Ben
efits
- C
ontin
ued
O
PEB
Exp
ense
and
Def
erre
d O
utflo
ws a
nd D
efer
red
Inflo
ws o
f Res
ourc
es R
elat
ed to
OPE
B -
Con
tinue
d
City
con
tribu
tions
mad
e su
bseq
uent
to th
e m
easu
rem
ent d
ate
of $
1,18
6,23
3 ar
e re
porte
d as
def
erre
d ou
tflow
s of
reso
urce
s an
d w
ill b
e re
cogn
ized
as
a de
crea
se o
f the
to
tal O
PEB
liab
ility
in th
e ye
ar e
nded
Dec
embe
r 31
, 201
9.
Oth
er a
mou
nts
repo
rted
as d
efer
red
inflo
ws
of r
esou
rces
rel
ated
to O
PEB
will
be
reco
gniz
ed in
pen
sion
ex
pens
e as
follo
ws:
Yea
r en
ding
Dec
embe
r 31
:20
1920
8,24
0$
20
2020
8,24
0
20
2120
8,24
0
20
2220
8,24
0
Th
erea
fter
93,7
06
926,
666
$
City
of R
ome,
Geo
rgia
NO
TE
S T
O T
HE
FIN
AN
CIA
L S
TA
TE
ME
NT
S
Dec
embe
r 31
, 201
8 85
NO
TE
III -
DE
TA
ILE
D N
OT
ES
ON
AL
L F
UN
DS
– C
ontin
ued
H
. R
isk
Man
agem
ent
The
City
is e
xpos
ed to
var
ious
ris
ks o
f lo
ss r
elat
ed to
torts
; the
ft of
, dam
age
to, a
nd d
estru
ctio
n of
ass
ets;
err
ors
and
omis
sion
s; in
jurie
s to
em
ploy
ees;
and
nat
ural
di
sast
ers.
The
City
pur
chas
es c
omm
erci
al in
sura
nce
for c
laim
s in
exc
ess
of w
orke
rs’ c
ompe
nsat
ion
and
med
ical
car
e co
vera
ge p
rovi
ded
by it
s in
tern
al s
ervi
ce fu
nds.
Th
e C
ity p
artic
ipat
es in
an
insu
ranc
e po
ol fo
r all
othe
r ris
ks o
f los
s. S
ettle
d cl
aim
s hav
e no
t exc
eede
d in
sura
nce
cove
rage
in a
ny o
f the
pas
t thr
ee fi
scal
yea
rs.
The
City
par
ticip
ates
in
the
Geo
rgia
Int
erlo
cal
Ris
k M
anag
emen
t A
genc
y (G
IRM
A)
Fund
(th
e “F
und”
). T
he F
und
was
est
ablis
hed
by t
he G
eorg
ia M
unic
ipal
A
ssoc
iatio
n to
insu
re m
embe
rs fo
r pro
perty
and
cas
ualty
loss
es.
The
Fund
is o
blig
ated
to p
rovi
de fo
r the
cos
t of p
rope
rty a
nd c
asua
lty lo
sses
incu
rred
by
the
City
alo
ng
with
the
cost
of
defe
ndin
g su
ch c
laim
s an
d lo
sses
. Th
e Fu
nd is
inte
nded
to b
e se
lf-su
stai
ning
thro
ugh
mem
ber
prem
ium
s. A
ccor
ding
ly, t
he C
ity is
req
uire
d to
pay
pr
emiu
ms
to th
e Fu
nd b
ased
upo
n es
timat
ed c
laim
s an
d lo
sses
incu
rred
by
all m
embe
rs o
f th
e Fu
nd.
The
City
is r
espo
nsib
le f
or a
pro
rat
a sh
are
of f
und
loss
es th
at
exce
ed m
embe
r con
tribu
tions
. 1.
H
ealth
Insu
ranc
e Fu
nd
The
Hea
lth I
nsur
ance
Fun
d w
as e
stab
lishe
d to
pro
vide
res
ourc
es f
or a
nd p
aym
ent
of e
mpl
oyee
med
ical
cla
ims.
The
Fun
d co
vers
all
of t
he C
ity's
empl
oyee
s an
d em
ploy
ees
of th
e G
reat
er R
ome
Vis
itors
and
Con
vent
ion
Bur
eau
com
pone
nt u
nit.
The
City
pay
s ap
prox
imat
ely
85%
of
the
empl
oyee
's pr
emiu
ms
and
appr
oxim
atel
y 75
% o
f dep
ende
nt m
edic
al p
rem
ium
s. T
he C
ity's
porti
on o
f the
med
ical
pre
miu
ms
is tr
ansf
erre
d to
the
self-
insu
ranc
e fu
nd e
ach
mon
th.
The
empl
oyee
's po
rtion
of t
he
med
ical
pre
miu
ms
are
with
held
from
the
empl
oyee
's pa
yrol
l and
tran
sfer
red
to th
e se
lf-in
sura
nce
fund
eac
h m
onth
. C
harg
es to
oth
er fu
nds
and
the
com
pone
nt u
nits
are
tre
ated
as o
pera
ting
reve
nues
in th
e se
lf-in
sura
nce
fund
. Th
e se
lf-in
sura
nce
prog
ram
is d
esig
ned
so th
at th
e C
ity p
ays
actu
al a
ggre
gate
cla
ims
up to
110
% o
f an
nual
pro
ject
ed c
laim
s. P
roje
cted
max
imum
cla
ims
for
the
Plan
ye
ar b
egin
ning
Jan
uary
1, 2
018
tota
l $9,
755,
127.
Afte
r th
e C
ity's
paid
cla
ims
reac
h 11
0% o
f th
e an
nual
pro
ject
ed c
laim
s, a
priv
ate
insu
ranc
e ca
rrie
r w
ill p
ay th
e ne
xt
$1,0
00,0
00 o
f cla
ims.
If th
e pr
ivat
e in
sura
nce
wer
e to
be
exha
uste
d, th
e C
ity w
ould
be
liabl
e fo
r any
add
ition
al c
laim
s fil
ed d
urin
g th
e ye
ar.
In a
dditi
on to
the
annu
al
limit,
cla
ims
for a
ny o
ne c
laim
whi
ch e
xcee
d $1
75,0
00 in
the
annu
al c
laim
s ye
ar w
ill b
e co
vere
d by
the
priv
ate
insu
ranc
e ca
rrie
r. T
he C
ity h
as e
nter
ed in
to a
con
tract
w
ith a
third
par
ty to
adm
inis
ter t
he p
rogr
am.
The
City
has
acc
rued
a li
abili
ty f
or m
edic
al c
laim
s th
at w
ere
incu
rred
prio
r to
yea
r-en
d bu
t wer
e no
t pai
d or
rep
orte
d du
ring
the
perio
d.
This
liab
ility
is b
ased
upo
n hi
stor
ical
exp
erie
nce
and
othe
r fac
tors
. C
hang
es in
the
bala
nces
of c
laim
s lia
bilit
ies w
ere
as fo
llow
s:
500,
000
4,67
6,82
2
(4
,751
,822
)
42
5,00
0
500,
000
$
Cur
rent
-Yea
rB
egin
ning
of
Cla
ims a
ndE
nd o
fFi
scal
-Yea
rL
iabi
lity
Est
imat
esPa
ymen
tsL
iabi
lity
2017
2018
Fisc
al-Y
ear
Cha
n ges
inC
laim
(5,2
71,5
19)
$
5,
222,
443
$
54
9,07
6$
City
of R
ome,
Geo
rgia
NO
TE
S T
O T
HE
FIN
AN
CIA
L S
TA
TE
ME
NT
S
Dec
embe
r 31
, 201
8 86
NO
TE
III -
DE
TA
ILE
D N
OT
ES
ON
AL
L F
UN
DS
– C
ontin
ued
H
. R
isk
Man
agem
ent -
Con
tinue
d 2.
Wor
kers
' Com
pens
atio
n Se
lf-In
sura
nce
Fund
Th
e W
orke
rs’
Com
pens
atio
n Fu
nd w
as e
stab
lishe
d to
pro
vide
res
ourc
es f
or p
aym
ent o
f w
orke
rs’
com
pens
atio
n cl
aim
s to
the
City
and
Gre
ater
Rom
e C
onve
ntio
n &
V
isito
rs B
urea
u co
mpo
nent
uni
t em
ploy
ees.
Ind
ivid
ual
depa
rtmen
ts a
nd c
ompo
nent
uni
ts w
ere
char
ged
for
wor
kers
’ co
mpe
nsat
ion
base
d up
on p
revi
ous
insu
ranc
e ca
rrie
rs’ c
ost c
harg
es.
Cha
rges
to o
ther
fund
s and
com
pone
nt u
nits
are
trea
ted
as o
pera
ting
reve
nues
in th
e se
lf-in
sura
nce
fund
. A
s of J
anua
ry 1
, 200
2, th
e C
ity b
ecam
e fu
lly in
sure
d th
roug
h pa
rtici
patio
n in
the
GM
A W
orke
rs C
ompe
nsat
ion
risk
pool
. Th
is p
ool o
pera
tes a
s a c
omm
on ri
sk m
anag
emen
t and
insu
ranc
e pr
ogra
m fo
r mem
ber
loca
l gov
ernm
ents
. A
s pa
rt of
this
risk
poo
l, th
e C
ity is
obl
igat
ed to
pay
all
cont
ribut
ions
and
ass
essm
ents
as p
resc
ribed
by
the
pool
, to
coop
erat
e w
ith th
e po
ol’s
age
nts
and
atto
rney
s, to
fol
low
loss
red
uctio
n pr
oced
ures
est
ablis
hed
by th
e fu
nd, a
nd to
rep
ort a
s pr
ompt
ly a
s po
ssib
le, a
nd in
acc
orda
nce
with
any
cov
erag
e de
scrip
tions
is
sued
, all
inci
dent
s w
hich
cou
ld re
sult
in th
e fu
nd b
eing
requ
ired
to p
ay a
ny c
laim
s or
loss
. Th
e C
ity is
als
o to
allo
w th
e po
ol’s
age
nts
and
atto
rney
s to
repr
esen
t the
C
ity in
inve
stig
atio
n, se
ttlem
ent d
iscu
ssio
ns a
nd a
ll le
vels
of l
itiga
tion
aris
ing
out o
f any
cla
im m
ade
agai
nst t
he C
ity w
ithin
the
scop
e of
loss
pro
tect
ion
furn
ishe
d by
the
fund
s. T
he f
unds
are
to d
efen
d an
d pr
otec
t the
mem
bers
of
the
fund
s ag
ains
t lia
bilit
y or
loss
as
pres
crib
ed in
the
mem
ber
gove
rnm
ents
’ co
ntra
cts
and
in a
ccor
danc
e w
ith th
e w
orke
rs’ c
ompe
nsat
ion
law
s of
Geo
rgia
. Th
e fu
nds
are
to p
ay a
ll co
st ta
xed
agai
nst m
embe
rs in
any
lega
l pro
ceed
ing
defe
nded
by
the
mem
bers
, all
inte
rest
ac
crui
ng a
fter e
ntry
of j
udgm
ent,
and
all e
xpen
ses
incu
rred
for i
nves
tigat
ion,
neg
otia
tion
or d
efen
se.
Ther
efor
e, th
e C
ity is
not
liab
le fo
r wor
kers
’ com
pens
atio
n cl
aim
s oc
curr
ing
subs
eque
nt to
Jan
uary
1, 2
002.
How
ever
, the
City
con
tinue
s to
be re
spon
sibl
e fo
r out
stan
ding
cla
ims f
iled
prio
r to
Janu
ary
1, 2
002.
The
re is
a st
op-lo
ss li
mit
of $
250,
000
per c
laim
cov
ered
thro
ugh
a pr
ivat
e in
sura
nce
carr
ier.
Als
o, d
urin
g 20
18, t
he C
ity re
cord
ed a
reim
burs
emen
t of $
192,
036
from
the
Subs
eque
nt In
jury
Tru
st
Fund
of t
he S
tate
. Th
e C
ity h
as a
ccru
ed a
liab
ility
for
wor
kers
’ co
mpe
nsat
ion
clai
ms
that
wer
e in
curr
ed p
rior
to J
anua
ry 1
, 200
2, b
ut w
ere
not p
aid
as o
f D
ecem
ber
31, 2
018.
A
lso
incl
uded
in th
e ac
crue
d lia
bilit
y fo
r wor
kers
’ com
pens
atio
n cl
aim
s ar
e th
e ou
tsta
ndin
g de
duct
ible
s ow
ed b
y th
e C
ity fo
r all
curr
ent c
laim
s. Th
is li
abili
ty is
bas
ed u
pon
hist
oric
al e
xper
ienc
e an
d ot
her f
acto
rs.
Cha
nges
in th
e ba
lanc
es o
f cla
ims l
iabi
litie
s wer
e as
follo
ws:
275,
000
442,
428
(467
,428
)
25
0,00
0
Cur
rent
-Yea
rB
egin
ning
of
Cla
ims a
ndE
nd o
f 275,
000
$
20
1720
18
Fisc
al-Y
ear
Cha
n ges
inC
laim
230,
000
$
46
8,88
5$
(423
,885
)$
Fisc
al-Y
ear
Lia
bilit
yE
stim
ates
Paym
ents
Lia
bilit
y
City
of R
ome,
Geo
rgia
NO
TE
S T
O T
HE
FIN
AN
CIA
L S
TA
TE
ME
NT
S
Dec
embe
r 31
, 201
8 87
NO
TE
III -
DE
TA
ILE
D N
OT
ES
ON
AL
L F
UN
DS
- Con
tinue
d I.
Con
tinge
nt L
iabi
litie
s Th
e C
ity is
invo
lved
in a
num
ber
of le
gal m
atte
rs, w
hich
eith
er h
ave
or c
ould
res
ult i
n lit
igat
ion.
In
the
opin
ion
of C
ity m
anag
emen
t, th
e ul
timat
e ou
tcom
e of
thes
e co
ntin
genc
ies w
ill n
ot h
ave
a m
ater
ial i
mpa
ct o
n th
e fin
anci
al p
ositi
on o
f the
City
.
The
City
has
rece
ived
fede
ral a
nd s
tate
gra
nts
for s
peci
fic p
urpo
ses
that
are
sub
ject
to re
view
and
aud
it by
the
gran
tor a
genc
ies
or th
eir d
esig
nee.
The
se a
udits
cou
ld
resu
lt in
a r
eque
st f
or r
eim
burs
emen
t to
the
gra
ntor
age
ncy
for
cost
s di
sallo
wed
und
er t
erm
s of
the
gra
nt.
Bas
ed o
n pr
ior
expe
rienc
e, t
he C
ity b
elie
ves
such
di
sallo
wan
ce, i
f any
, will
be
imm
ater
ial.
The
City
has
a p
rope
rty, o
ld F
ox M
anuf
actu
ring
Com
pany
site
, lis
ted
on t
he G
eorg
ia H
azar
dous
Site
Inv
ento
ry a
s N
umbe
r 10
012.
The
site
has
bee
n us
ed f
or t
he
prod
uctio
n of
lum
ber
and
furn
iture
fro
m th
e la
te 1
800’
s un
til th
e ea
rly 1
980’
s. A
Cor
rect
ive
Act
ion
Plan
(C
AP)
was
des
igne
d to
exp
lain
con
ditio
ns a
t the
site
and
pr
opos
e an
y re
med
ial a
ctio
ns th
at m
ight
be
nece
ssar
y. B
ased
on
the
findi
ngs p
rese
nted
in th
e C
AP,
the
site
is in
com
plia
nce
with
Typ
e 3
non-
resi
dent
ial R
isk
Red
uctio
n St
anda
rds (
RR
S) e
xcep
t for
a fe
w lo
catio
ns w
ithin
the
site
but
thos
e lo
catio
ns d
o co
mpl
y w
ith T
ype
1 or
2 re
side
ntia
l RR
S an
d/or
Typ
e 4
non-
resi
dent
ial R
RS.
J.
L
andf
ill C
losu
re a
nd P
ostc
losu
re C
are
Cos
t Th
e C
ity h
as c
lose
d an
d pl
aced
a f
inal
cov
er o
n its
Wal
ker
Mou
ntai
n Ph
ase
I -
III
land
fill s
ite a
nd is
cur
rent
ly o
pera
ting
Phas
es I
V, V
, VI
and
VII
site
s an
d C
&D
co
nstru
ctio
n an
d de
mol
ition
Pha
se I
site
. St
ate
and
Fede
ral l
aws
and
regu
latio
ns re
quire
the
City
to p
erfo
rm c
erta
in m
aint
enan
ce a
nd m
onito
ring
func
tions
at t
hese
site
s fo
r 30
yea
rs a
fter
clos
ure.
A
lthou
gh th
ese
post
clos
ure
care
cos
ts w
ill b
e pa
id o
nly
afte
r th
e da
te th
at th
e la
ndfil
l sto
ps a
ccep
ting
was
te, t
he C
ity h
as r
epor
ted
thes
e po
stcl
osur
e ca
re c
osts
as
an o
pera
ting
expe
nse
in th
e cu
rren
t and
prio
r yea
rs b
ased
on
land
fill c
apac
ity u
sed
as o
f eac
h st
atem
ent o
f net
pos
ition
dat
e. T
he $
2,50
3,99
6 ($
124,
679
curr
ent)
repo
rted
as p
ostc
losu
re c
are
liabi
lity
at D
ecem
ber
31, 2
018,
rep
rese
nts
the
cum
ulat
ive
amou
nt r
epor
ted
to d
ate
base
d on
the
use
of 1
00%
of
the
capa
city
of P
hase
I - V
I of t
he la
ndfil
l and
73%
of t
he c
apac
ity o
f Pha
se V
II.
The
$1,3
50,7
71 ($
46,9
02 c
urre
nt) r
epor
ted
as p
ostc
losu
re c
are
liabi
lity
at D
ecem
ber 3
1,
2018
rep
rese
nts
the
cum
ulat
ive
amou
nt r
epor
ted
to d
ate
base
d on
the
use
of 9
6% o
f th
e ca
paci
ty o
f Ph
ase
I of
C&
D.
In a
dditi
on, $
4,13
8,86
4 ha
s be
en a
ccru
ed a
t D
ecem
ber 3
1, 2
018
for c
losu
re c
osts
for P
hase
s IV
, V, V
I, an
d V
II a
nd th
e C
&D
site
s ba
sed
on th
e la
ndfil
l cap
acity
use
d as
of t
he s
tate
men
t of n
et p
ositi
on d
ate.
The
es
timat
ed re
mai
ning
life
of t
he W
alke
r Mou
ntai
n la
ndfil
l is 3
0 ye
ars.
Und
er a
n ag
reem
ent
with
Flo
yd C
ount
y, t
he C
ount
y w
ill p
rovi
de c
erta
in f
inan
cial
res
ourc
es t
o th
e C
ity’s
Sol
id W
aste
Com
mis
sion
Fun
d an
d th
e So
lid W
aste
C
omm
issi
on F
und
will
pay
for
the
post
clos
ure
care
cos
ts a
t a la
ndfil
l site
pre
viou
sly
oper
ated
by
the
Cou
nty
(Ber
ryhi
ll si
te).
Acc
ordi
ngly
, a li
abili
ty f
or p
ostc
losu
re
cost
s to
talin
g $1
,124
,406
($6
2,46
7 cu
rren
t) ha
s be
en r
ecog
nize
d in
the
Solid
Was
te C
omm
issi
on F
und
as o
f D
ecem
ber
31, 2
018.
Thi
s re
pres
ents
app
roxi
mat
ely
100
perc
ent o
f the
est
imat
ed to
tal f
utur
e po
stcl
osur
e co
sts f
or th
is la
ndfil
l site
. Th
e lia
bilit
y fo
r clo
sure
and
pos
tclo
sure
car
e co
sts
is b
ased
on
wha
t it w
ould
cos
t to
perf
orm
all
clos
ure
and
post
clos
ure
care
as
of D
ecem
ber 3
1, 2
018
and
is s
ubje
ct to
ch
ange
s re
sulti
ng f
rom
infla
tion,
def
latio
n, te
chno
logy
or
chan
ges
in la
ws
or r
egul
atio
ns.
Thes
e co
sts
are
expe
cted
to b
e fu
nded
by
reve
nues
gen
erat
ed f
rom
fut
ure
land
fill o
pera
tions
. Th
e Su
btitl
e D
land
fill i
s jo
intly
ow
ned
by th
e C
ity a
nd F
loyd
Cou
nty
and
is o
pera
ted
by th
e So
lid W
aste
Com
mis
sion
Fun
d. T
his
fund
is in
tend
ed
to b
e se
lf-su
ppor
ting
by u
ser f
ees.
How
ever
, und
er a
con
tract
bet
wee
n th
e C
ity a
nd th
e C
ount
y, th
e C
ity a
nd C
ount
y ar
e ea
ch re
spon
sibl
e fo
r fift
y pe
rcen
t of a
ny c
osts
no
t fun
ded
by u
ser f
ees.
City
of R
ome,
Geo
rgia
NO
TE
S T
O T
HE
FIN
AN
CIA
L S
TA
TE
ME
NT
S
Dec
embe
r 31
, 201
8 88
NO
TE
III -
DE
TA
ILE
D N
OT
ES
ON
AL
L F
UN
DS
- Con
tinue
d
K.
Join
t Ven
ture
U
nder
Geo
rgia
law
, the
City
in c
onju
nctio
n w
ith o
ther
citi
es a
nd c
ount
ies
in th
e N
orth
wes
t Geo
rgia
are
a, is
a m
embe
r of t
he N
orth
wes
t Geo
rgia
Reg
iona
l Com
mis
sion
(N
WG
RC
). M
embe
rshi
p in
a N
WG
RC
is re
quire
d by
the
Off
icia
l Cod
e of
Geo
rgia
Ann
otat
ed (O
CG
A) S
ectio
n 50
-8-3
4 w
hich
pro
vide
s fo
r the
org
aniz
atio
nal s
truct
ure
of th
e N
WG
RC
. M
embe
rshi
p in
the
NW
GR
C in
clud
es th
e ch
ief e
lect
ed o
ffic
ial o
f eac
h co
unty
and
mun
icip
ality
of t
he a
rea.
OC
GA
50-
8-39
.1 p
rovi
des t
hat t
he m
embe
r go
vern
men
ts a
re li
able
for a
ny d
ebts
or o
blig
atio
ns o
f a N
WG
RC
. D
urin
g fis
cal y
ear 2
018,
the
City
pai
d du
es in
the
amou
nt o
f $38
,375
to th
e N
WG
RC
. The
fina
ncia
l bu
rden
s of
the
City
rel
ated
to th
e N
WG
RC
are
lim
ited
to th
e am
ount
of
the
City
’s a
nnua
l due
s. S
epar
ate
finan
cial
sta
tem
ents
may
be
obta
ined
fro
m th
e N
orth
wes
t G
eorg
ia R
egio
nal C
omm
issi
on, P
O B
ox 1
798,
Rom
e, G
eorg
ia 3
0162
. L
. H
otel
/Mot
el T
ax
The
City
of R
ome
levi
es a
n 8%
lodg
ing
tax.
In
1995
, the
City
of R
ome
and
Floy
d C
ount
y im
pose
d a
1% ta
x fo
r the
pur
pose
of p
rom
otin
g to
uris
m, c
onve
ntio
ns a
nd tr
ade
show
s. In
July
201
4, th
e lo
dgin
g ta
x w
as in
crea
sed
to 8
%. T
he a
dditi
onal
2%
is fo
r ope
ratio
ns a
nd m
aint
enan
ce o
f the
Rom
e Te
nnis
Cen
ter a
t Ber
ry C
olle
ge. A
sum
mar
y of
tran
sact
ions
for t
he fi
scal
yea
r end
ed D
ecem
ber 3
1, 2
018
is a
s fol
low
s:
5%
Lev
y1%
Lev
y2%
Lev
y
Bal
ance
as o
f Dec
embe
r 31,
201
7$
809,
276
$
138,
481
$69
7
20
18 T
ax R
even
ues
891,
729
17
8,34
6
35
6,69
1
20
18 In
tere
st R
even
ue9,
876
1,88
2
-
2018
Exp
endi
ture
sG
reat
er R
ome
Con
vent
ion
& V
isito
rs B
urea
u62
1,70
5
65,2
39
-
Cit y
of R
ome
108,
750
-
-
Fl
o yd
Cou
nty
-
71
,963
-
Tr
ansf
er to
Ten
nis C
ente
r30
,627
-
356,
691
Bal
ance
as o
f Dec
embe
r 31,
201
8$
949,
799
$
181,
507
$69
7
Ex
pend
iture
s pai
d w
ith th
e 1%
hot
el/m
otel
tax
wer
e us
ed to
pro
mot
e to
uris
m, c
onve
ntio
ns a
nd tr
ade
show
s as r
equi
red
by O
.C.G
.A. 4
8-13
-51.
Exp
endi
ture
s of $
137,
202
m
ade
durin
g 20
18 w
ere
77%
of t
otal
201
8 1%
tax
colle
ctio
ns a
nd e
xpen
ditu
res o
f $76
1,08
2 w
ere
85%
of 2
018
5% ta
x co
llect
ions
.
City
of R
ome,
Geo
rgia
NO
TE
S T
O T
HE
FIN
AN
CIA
L S
TA
TE
ME
NT
S
Dec
embe
r 31
, 201
8 89
NO
TE
III -
DE
TA
ILE
D N
OT
ES
ON
AL
L F
UN
DS
– C
ontin
ued
M
.
R
elat
ed O
rgan
izat
ions
Th
e R
ome
City
Com
mis
sion
is
resp
onsi
ble
for
appo
intin
g al
l bo
ard
mem
bers
of
the
Nor
thw
est
Geo
rgia
Hou
sing
Aut
horit
y.
How
ever
, th
e C
ity h
as n
o fu
rther
ac
coun
tabi
lity
for t
he A
utho
rity.
N
. C
onst
ruct
ion
Com
mitm
ents
Th
e C
ity o
f R
ome
has
a se
vera
l act
ive
cons
truct
ion
proj
ects
as
of D
ecem
ber
31, 2
018.
Th
ese
proj
ects
are
ass
ocia
ted
with
wat
er a
nd s
ewer
impr
ovem
ents
and
pub
lic
wor
ks c
onst
ruct
ion.
The
y ar
e al
l fin
ance
d w
ith S
PLO
ST p
roce
eds a
nd b
udge
ted
capi
tal m
onie
s.
Pro
ject
Rem
aini
ng C
omm
itmen
t
Nor
thea
st S
ewer
Inte
rcep
tor
$
121
,262
C
hulio
Hill
s
7
15,7
33
Car
negi
e B
uild
ing
143
,075
Sp
ider
web
Driv
e
79,0
37
Mou
nt A
lto W
ater
45
,984
O
. T
ax A
bate
men
ts
Fo
r the
yea
r end
ed D
ecem
ber 3
1, 2
018,
City
pro
perty
tax
reve
nues
wer
e re
duce
d by
$25
4,27
5 un
der a
gree
men
ts e
nter
ed in
to b
y th
e R
ome
Floy
d C
ount
y D
evel
opm
ent
Aut
horit
y. U
nder
the
agre
emen
ts, t
axes
on
both
real
pro
perty
and
per
sona
l pro
perty
are
redu
ced
base
d on
inve
stm
ents
mad
e by
the
corp
orat
ion
to w
hom
the
ince
ntiv
es
wer
e of
fere
d as
long
as t
he c
orpo
ratio
n m
eets
cer
tain
inve
stm
ent t
arge
ts.
P.
Subs
eque
nt E
vent
In M
ay 2
019,
the
City
of R
ome
issu
ed C
ity o
f Rom
e R
ecre
atio
nal F
acili
ties
Aut
horit
y R
even
ue B
onds
(Rom
e Te
nnis
Cen
ter o
f Geo
rgia
at B
erry
Col
lege
Pro
ject
Pha
se
II) S
erie
s 20
19A
Bon
ds in
the
aggr
egat
e pr
inci
pal a
mou
nt o
f $4,
265,
000
for t
he p
urpo
ses
of c
onst
ruct
ing
a R
ome
Tenn
is C
ente
r of G
eorg
ia p
roje
ct. T
he C
ity o
f Rom
e al
so is
sued
City
of R
ome
Rec
reat
iona
l Fac
ilitie
s Aut
horit
y R
efun
ding
Rev
enue
Bon
ds (S
tone
brid
ge G
olf C
ours
e Pr
ojec
t) Se
ries 2
019B
in th
e ag
greg
ate
prin
cipa
l am
ount
of
$1,
955,
000
for t
he p
urpo
ses o
f ref
undi
ng th
e C
ity o
f Rom
e R
ecre
atio
n Fa
cilit
ies A
utho
rity
Rev
enue
Bon
ds S
erie
s 200
9.
City
of R
ome,
Geo
rgia
NO
TE
S T
O T
HE
FIN
AN
CIA
L S
TA
TE
ME
NT
S
Dec
embe
r 31
, 201
8 90
NO
TE
III -
DE
TA
ILE
D N
OT
ES
ON
AL
L F
UN
DS
– C
ontin
ued
Q
. R
esta
tem
ent o
f Beg
inni
ng B
alan
ces
1.
City
of R
ome
Man
agem
ent o
f the
City
has
det
erm
ined
that
a re
stat
emen
t to
begi
nnin
g ne
t pos
ition
of g
over
nmen
tal a
ctiv
ities
was
requ
ired
for t
he im
plem
enta
tion
of G
ASB
Sta
tem
ent
No.
75,
Acc
ount
ing
and
Fina
ncia
l Rep
ortin
g fo
r Po
stem
ploy
men
t Ben
efits
Oth
er th
an P
ensi
ons,
whi
ch re
quire
d re
troac
tive
repo
rting
of o
peni
ng b
alan
ces.
The
effe
ct o
f th
e re
stat
emen
t res
ulte
d in
a c
hang
e to
beg
inni
ng n
et p
ositi
on o
f the
gov
ernm
enta
l act
iviti
es a
s fol
low
s:
Net
Pos
ition
, gov
ernm
enta
l act
iviti
es, a
s pre
viou
sly
repo
rted
146,
957,
483
$
Res
tate
men
t for
impl
emen
tatio
n of
GA
SB S
tate
men
t No.
75:
Tota
l OPE
B li
abili
ty a
s of J
anua
ry 1
, 201
8(1
6,32
2,54
9)
Rem
oval
of p
rior N
et O
PEB
obl
igat
ion
repo
rted
Dec
embe
r 31,
20
171,
463,
702
Beg
inni
ng d
efer
red
outfl
ows r
elat
ed to
OPE
B97
8,57
3
Net
Pos
ition
, gov
ernm
enta
l act
iviti
es, a
s res
tate
d13
3,07
7,20
9$
City
of R
ome,
Geo
rgia
NO
TE
S T
O T
HE
FIN
AN
CIA
L S
TA
TE
ME
NT
S
Dec
embe
r 31
, 201
8 91
NO
TE
III -
DE
TA
ILE
D N
OT
ES
ON
AL
L F
UN
DS
– C
ontin
ued
Q
. R
esta
tem
ent o
f Beg
inni
ng B
alan
ces
2.
Com
pone
nt U
nit –
Rom
e B
oard
of E
duca
tion
In c
onju
nctio
n w
ith t
he i
mpl
emen
tatio
n of
Gov
ernm
enta
l A
ccou
ntin
g St
anda
rds
Boa
rd (
GA
SB)
Stat
emen
t N
o. 7
5, A
ccou
ntin
g an
d Fi
nanc
ial
Repo
rtin
g fo
r Po
stem
ploy
men
t Ben
efits
Oth
er T
han
Pens
ions
, the
Boa
rd is
req
uire
d to
cha
nge
its a
ccou
ntin
g tre
atm
ent o
f O
PEB
liab
ilitie
s an
d th
e re
late
d O
PEB
exp
ense
. Th
e ne
w
stan
dard
req
uire
s th
at th
e B
oard
’s p
ropo
rtion
ate
shar
e of
the
Net
OPE
B L
iabi
lity
be r
ecor
ded
on th
e St
atem
ent o
f N
et P
ositi
on.
Ther
efor
e, in
con
junc
tion
with
the
impl
emen
tatio
n of
Sta
tem
ent N
o. 7
5, th
e fo
llow
ing
rest
atem
ent w
as r
equi
red
to th
e be
ginn
ing
net p
ositi
on o
f th
e G
over
nmen
tal A
ctiv
ities
to p
rope
rly r
ecog
nize
the
Boa
rd’s
Net
OPE
B L
iabi
lity
and
rela
ted
defe
rred
out
flow
s of r
esou
rces
for c
ontri
butio
ns su
bseq
uent
to th
e m
easu
rem
ent d
ate
as o
f the
end
of t
he p
rior p
erio
d:
Net P
ositi
on -
begi
nnin
g, as
pre
voio
usly
repo
rted
$(2
3,09
6,61
2)
Reco
gniti
on o
f the
net
OPEB
liab
ility
relat
ed to
the O
PEB
plan
acc
orda
nce w
ith G
ASB
State
men
t No.
75
(48,
590,
085)
Reco
gniti
on o
f the
beg
inni
ng o
f the
mea
sure
men
t per
iod
defe
rred
out
flows
of r
esou
rces
for c
ontri
butio
ns su
bseq
uent
to th
e m
easu
rem
ent p
erio
d in
acco
rdan
ce w
ith G
ASB
State
men
t No.
75
1,66
3,47
7
Net P
ositi
on -
begi
nnin
g, as
resta
ted$
(70,
023,
220)
Gove
rnm
ental
Activ
ities
RE
QU
IRE
D S
UPP
LE
ME
NT
AR
Y IN
FOR
MA
TIO
N
Th
e C
ity o
f Rom
e G
ener
al F
und
sche
dule
of r
even
ues a
nd e
xpen
ditu
res,
budg
et a
nd a
ctua
l is
pres
ente
d as
requ
ired
supp
lem
enta
ry in
form
atio
n to
the
basi
c fin
anci
al st
atem
ents
.
The
Gen
eral
Fun
d is
the
prim
ary
oper
atin
g fu
nd o
f the
City
and
is p
rese
nted
as a
m
ajor
fund
in th
e ba
sic
finan
cial
stat
emen
ts.
Th
e C
ity o
f Rom
e Sc
hedu
le o
f Cha
nges
in th
e C
ity’s
Net
Pen
sion
Lia
bilit
y an
d R
elat
ed R
atio
s,
Sche
dule
of C
ity C
ontri
butio
ns, a
nd S
ched
ule
of C
hang
es in
the
City
’s T
otal
OPE
B L
iabi
lity
and
Rel
ated
Rat
ios –
O
PEB
Pla
n ar
e pr
esen
ted
as re
quire
d su
pple
men
tary
in
form
atio
n to
the
basi
c fin
anci
al st
atem
ents
.
VA
RIA
NC
EO
RIG
INA
L
FIN
AL
POSI
TIV
EB
UD
GE
TB
UD
GE
TA
CT
UA
L(N
EG
AT
IVE
)R
EV
EN
UE
S: A
d va
lore
m ta
xes:
R
eal a
nd p
erso
nal p
rope
rty:
Cur
rent
yea
r8,
150,
000
$
9,00
0,00
0$
8,
985,
757
$
(14,
243)
$
Pr
ior y
ears
900,
000
1,
300,
000
1,25
4,73
2
(4
5,26
8)
P
ublic
util
ities
300,
000
30
0,00
0
339,
095
39
,095
M
otor
veh
icle
s15
0,00
0
150,
000
17
3,24
7
23,2
47
Tag
Titl
e Fe
e85
0,00
0
850,
000
1,
056,
125
206,
125
Mob
ile h
omes
2,00
0
2,
000
1,69
1
(3
09)
Tim
ber t
ax1,
000
1,00
0
15
2
(848
)
T
otal
ad
valo
rem
taxe
s10
,353
,000
11
,603
,000
11
,810
,799
20
7,79
9
Oth
er ta
xes:
In
tang
ible
tax
210,
000
21
0,00
0
304,
748
94
,748
In
sura
nce
prem
ium
tax
2,25
0,00
0
2,
250,
000
2,60
6,81
8
35
6,81
8
F
ranc
hise
tax
3,38
7,00
0
3,
325,
000
3,33
2,14
4
7,
144
L
ocal
opt
ion
sale
s tax
5,80
0,00
0
5,
800,
000
5,96
3,21
5
16
3,21
5
R
eal e
stat
e tra
nsfe
r tax
35,0
00
35
,000
44,4
77
9,
477
T
ax o
n liq
uor a
nd w
ine
800,
000
80
0,00
0
778,
470
(2
1,53
0)
M
ixed
drin
k ta
x74
,000
74,0
00
10
4,00
2
30,0
02
Tot
al o
ther
taxe
s12
,556
,000
12
,494
,000
13
,133
,874
63
9,87
4
Lic
ense
s, pe
rmits
and
fees
:
Bus
ines
s lic
ense
s1,
849,
000
1,84
9,00
0
1,
873,
669
24,6
69
Per
mits
and
fees
126,
500
12
6,50
0
100,
226
(2
6,27
4)
T
otal
lice
nses
, per
mits
and
fees
1,97
5,50
0
1,
975,
500
1,97
3,89
5
(1
,605
)
Int
ergo
vern
men
tal:
H
ighw
ay m
aint
enan
ce12
0,00
0
120,
000
12
0,19
019
0
Tr
affic
sign
als
53,0
00
53
,000
51,7
32(1
,268
)
Cou
nty
envi
ronm
enta
l inf
orm
atio
n75
,000
75,0
00
12
,974
(62,
026)
Entit
lem
ent r
eim
burs
emen
t25
,000
25,0
00
22
,960
(2,0
40)
H
ousi
ng a
utho
rity
55,0
00
55
,000
47,7
44(7
,256
)
Gra
nt re
imbu
rsem
ent
-
-
88,0
5988
,059
T
otal
inte
rgov
ernm
enta
l32
8,00
0
328,
000
34
3,65
9
15,6
59
co
ntin
ued
For
the
Yea
r E
nded
Dec
embe
r 31
, 201
8
GE
NE
RA
L F
UN
DC
ITY
OF
RO
ME
, GE
OR
GIA
SC
HE
DU
LE
OF
RE
VE
NU
ES
& E
XPE
ND
ITU
RE
S B
UD
GE
T A
ND
AC
TU
AL
92
VA
RIA
NC
EO
RIG
INA
L
FIN
AL
POSI
TIV
EB
UD
GE
TB
UD
GE
TA
CT
UA
L(N
EG
AT
IVE
)
For
the
Yea
r E
nded
Dec
embe
r 31
, 201
8
GE
NE
RA
L F
UN
DC
ITY
OF
RO
ME
, GE
OR
GIA
SC
HE
DU
LE
OF
RE
VE
NU
ES
& E
XPE
ND
ITU
RE
S B
UD
GE
T A
ND
AC
TU
AL
Fine
s and
forf
eitu
res:
Pol
ice
cour
t fin
es a
nd fe
es1,
305,
000
$
1,30
5,00
0$
88
6,82
8$
(418
,172
)$
T
otal
fine
s and
forf
eitu
res
1,30
5,00
0
1,
305,
000
886,
828
(4
18,1
72)
O
ther
reve
nues
: C
harg
es fo
r ser
vice
s-
-
13
0,96
913
0,96
9
Int
eres
t and
cos
ts29
0,00
0
290,
000
24
5,10
5
(44,
895)
C
emet
ery
reve
nue
145,
000
14
5,00
0
165,
010
20
,010
Ren
t10
0,00
0
100,
000
13
5,91
4
35,9
14
I
nter
est o
n in
vest
men
ts52
,000
52,0
00
14
6,48
4
94,4
84
M
isce
llane
ous r
even
ue40
,000
40,0
00
12
0,29
3
80,2
93
Tot
al o
ther
reve
nues
627,
000
62
7,00
0
943,
775
31
6,77
5
TO
TA
L R
EV
EN
UE
S27
,144
,500
28
,332
,500
29
,092
,830
76
0,33
0
cont
inue
d
Rem
aini
ng p
age
inte
ntio
nally
left
blan
k
93
VA
RIA
NC
EO
RIG
INA
L
FIN
AL
POSI
TIV
EB
UD
GE
TB
UD
GE
TA
CT
UA
L(N
EG
AT
IVE
)
For
the
Yea
r E
nded
Dec
embe
r 31
, 201
8
GE
NE
RA
L F
UN
DC
ITY
OF
RO
ME
, GE
OR
GIA
SC
HE
DU
LE
OF
RE
VE
NU
ES
& E
XPE
ND
ITU
RE
S B
UD
GE
T A
ND
AC
TU
AL
EX
PEN
DIT
UR
ES:
GE
NE
RA
L G
OV
ER
NM
EN
TC
ity C
omm
issi
on:
Per
sona
l ser
vice
s16
5,72
0$
166,
000
$
16
5,80
7$
193
$
S
uppl
ies
7,92
0
11
,500
11,1
89
31
1
Oth
er se
rvic
es a
nd c
harg
es47
,500
64,0
00
63
,878
122
To
tal C
ity C
omm
issi
on22
1,14
0
241,
500
24
0,87
4
626
Mun
icip
al C
ourt:
Per
sona
l ser
vice
s30
8,73
0
308,
730
29
6,22
5
12,5
05
S
uppl
ies
19,3
00
19
,300
20,6
22
(1
,322
)
O
ther
serv
ices
and
cha
rges
75,1
00
75
,100
60,4
19
14
,681
Tota
l Mun
icip
al C
ourt
403,
130
40
3,13
0
377,
266
25
,864
Man
ager
's O
ffic
e: P
erso
nal s
ervi
ces
283,
490
29
4,00
0
293,
709
29
1
Sup
plie
s9,
480
9,00
0
8,
926
74
O
ther
serv
ices
and
cha
rges
12,6
00
13
,000
12,9
16
84
Tota
l Man
ager
's O
ffic
e30
5,57
0
316,
000
31
5,55
1
449
Cle
rk's
Off
ice:
Per
sona
l ser
vice
s34
1,66
0
341,
660
33
9,80
4
1,85
6
S
uppl
ies
11,2
50
11
,250
11,6
89
(4
39)
O
ther
serv
ices
and
cha
rges
15,0
00
15
,000
14,8
80
12
0
Tota
l Cle
rk's
Off
ice
367,
910
36
7,91
0
366,
373
1,
537
Fina
nce:
Per
sona
l ser
vice
s52
4,00
0
524,
000
51
8,11
9
5,88
1
S
uppl
ies
12,5
00
12
,500
12,3
16
18
4
Oth
er se
rvic
es a
nd c
harg
es8,
850
8,85
0
8,
195
655
To
tal F
inan
ce54
5,35
0
545,
350
53
8,63
0
6,72
0
co
ntin
ued
94
VA
RIA
NC
EO
RIG
INA
L
FIN
AL
POSI
TIV
EB
UD
GE
TB
UD
GE
TA
CT
UA
L(N
EG
AT
IVE
)
For
the
Yea
r E
nded
Dec
embe
r 31
, 201
8
GE
NE
RA
L F
UN
DC
ITY
OF
RO
ME
, GE
OR
GIA
SC
HE
DU
LE
OF
RE
VE
NU
ES
& E
XPE
ND
ITU
RE
S B
UD
GE
T A
ND
AC
TU
AL
Hum
an R
esou
rces
: P
erso
nal s
ervi
ces
291,
390
$
29
1,39
0$
275,
330
$
16
,060
$
Sup
plie
s17
,000
17,0
00
11
,915
5,08
5
O
ther
serv
ices
and
cha
rges
45,8
00
45
,800
50,3
24
(4
,524
)
To
tal H
uman
Res
ourc
es35
4,19
0
354,
190
33
7,56
9
16,6
21
Purc
hasi
ng:
Per
sona
l ser
vice
s25
9,78
0
259,
780
23
6,30
3
23,4
77
S
uppl
ies
6,75
0
6,
750
4,24
9
2,
501
Oth
er se
rvic
es a
nd c
harg
es10
,200
10,2
00
10
,464
(264
)
Tota
l Pur
chas
ing
276,
730
27
6,73
0
251,
016
25
,714
Info
rmat
ion
Tech
nolo
gy:
Per
sona
l ser
vice
s36
6,77
0
366,
770
36
5,06
6
1,70
4
S
uppl
ies
241,
050
24
1,05
0
227,
353
13
,697
Oth
er se
rvic
es a
nd c
harg
es15
,990
15,9
90
11
,078
4,91
2
To
tal I
nfor
mat
ion
Tech
nolo
gy62
3,81
0
623,
810
60
3,49
7
20,3
13
Ass
ista
nt C
ity M
anag
er:
Per
sona
l ser
vice
s11
6,34
0
125,
500
12
5,31
2
188
S
uppl
ies
1,42
5
90
87
3
O
ther
serv
ices
and
cha
rges
10,6
50
6,
500
6,44
4
56
Tota
l Ass
ista
nt C
ity M
anag
er12
8,41
5
132,
090
13
1,84
3
247
Gen
eral
Adm
inis
tratio
n: P
erso
nal s
ervi
ces
2,51
7,98
0
3,
079,
980
2,88
1,79
2
19
8,18
8
Sup
plie
s21
,600
21,6
00
10
,515
11,0
85
O
ther
serv
ices
and
cha
rges
419,
500
1,
079,
500
1,20
0,51
6
(1
21,0
16)
To
tal G
ener
al A
dmin
istra
tion
2,95
9,08
0
4,
181,
080
4,09
2,82
3
88
,257
cont
inue
d
95
VA
RIA
NC
EO
RIG
INA
L
FIN
AL
POSI
TIV
EB
UD
GE
TB
UD
GE
TA
CT
UA
L(N
EG
AT
IVE
)
For
the
Yea
r E
nded
Dec
embe
r 31
, 201
8
GE
NE
RA
L F
UN
DC
ITY
OF
RO
ME
, GE
OR
GIA
SC
HE
DU
LE
OF
RE
VE
NU
ES
& E
XPE
ND
ITU
RE
S B
UD
GE
T A
ND
AC
TU
AL
Tota
l Gen
eral
Gov
ernm
ent:
Per
sona
l ser
vice
s5,
175,
860
$
5,75
7,81
0$
5,
497,
467
$
260,
343
$
S
uppl
ies
348,
275
35
0,04
0
318,
861
31
,179
Oth
er se
rvic
es a
nd c
harg
es66
1,19
0
1,33
3,94
0
1,
439,
114
(105
,174
)
TO
TA
L G
EN
ER
AL
GO
VE
RN
ME
NT
6,18
5,32
5
7,
441,
790
7,25
5,44
2
18
6,34
8
PUB
LIC
SA
FET
YPo
lice:
Per
sona
l ser
vice
s6,
964,
670
6,96
4,67
0
6,
818,
488
146,
182
S
uppl
ies
654,
470
65
4,47
0
577,
794
76
,676
Oth
er se
rvic
es a
nd c
harg
es31
5,06
0
315,
060
34
8,77
7(3
3,71
7)
Tota
l Pol
ice
7,93
4,20
0
7,
934,
200
7,74
5,05
9
18
9,14
1
Polic
e Tr
aini
ng C
ente
r: S
uppl
ies
49,4
20
49
,420
45,8
49
3,
571
Oth
er se
rvic
es a
nd c
harg
es79
,050
79,0
50
72
,936
6,11
4
To
tal P
olic
e Tr
aini
ng C
ente
r12
8,47
0
128,
470
11
8,78
5
9,68
5
Tota
l Pub
lic S
afet
y: P
erso
nal s
ervi
ces
6,96
4,67
0
6,
964,
670
6,81
8,48
8
14
6,18
2
Sup
plie
s70
3,89
0
703,
890
62
3,64
3
80,2
47
O
ther
serv
ices
and
cha
rges
394,
110
39
4,11
0
421,
713
(2
7,60
3)
TO
TA
L P
UB
LIC
SA
FET
Y8,
062,
670
8,06
2,67
0
7,
863,
844
198,
826
PUB
LIC
WO
RK
S Pu
blic
Wor
ks O
ffic
e: P
erso
nal s
ervi
ces
385,
640
40
9,20
0
409,
191
9
S
uppl
ies
33,2
00
40
,000
39,9
05
95
Oth
er se
rvic
es a
nd c
harg
es14
,155
9,40
0
9,
345
55
To
tal P
ublic
Wor
ks O
ffic
e43
2,99
5
458,
600
45
8,44
1
159
co
ntin
ued
96
VA
RIA
NC
EO
RIG
INA
L
FIN
AL
POSI
TIV
EB
UD
GE
TB
UD
GE
TA
CT
UA
L(N
EG
AT
IVE
)
For
the
Yea
r E
nded
Dec
embe
r 31
, 201
8
GE
NE
RA
L F
UN
DC
ITY
OF
RO
ME
, GE
OR
GIA
SC
HE
DU
LE
OF
RE
VE
NU
ES
& E
XPE
ND
ITU
RE
S B
UD
GE
T A
ND
AC
TU
AL
Engi
neer
ing:
Per
sona
l ser
vice
s50
1,31
0$
501,
310
$
47
2,96
3$
28,3
47$
S
uppl
ies
19,0
00
19
,000
13,6
55
5,
345
Oth
er se
rvic
es a
nd c
harg
es6,
850
6,85
0
5,
326
1,52
4
To
tal E
ngin
eerin
g52
7,16
0
527,
160
49
1,94
4
35,2
16
Stre
ets a
nd D
rain
age:
Per
sona
l ser
vice
s1,
977,
930
1,97
7,93
0
1,
929,
931
47,9
99
S
uppl
ies
370,
810
37
0,81
0
294,
243
76
,567
Oth
er se
rvic
es a
nd c
harg
es61
,000
61,0
00
40
,917
20,0
83
To
tal S
treet
s and
Dra
inag
e2,
409,
740
2,40
9,74
0
2,
265,
091
144,
649
Elec
trica
l/Tra
ffic
Con
trol:
Per
sona
l ser
vice
s26
6,06
0
266,
060
24
8,12
4
17,9
36
S
uppl
ies
60,4
50
60
,450
53,3
69
7,
081
Oth
er se
rvic
es a
nd c
harg
es42
,110
42,1
10
27
,153
14,9
57
To
tal E
lect
rical
/Tra
ffic
Con
trol
368,
620
36
8,62
0
328,
646
39
,974
Stre
et L
ight
ing:
Sup
plie
s3,
000
3,00
0
1,
759
1,24
1
O
ther
serv
ices
and
cha
rges
902,
500
90
2,50
0
867,
482
35
,018
Tota
l Stre
et L
ight
ing
905,
500
90
5,50
0
869,
241
36
,259
Bui
ldin
gs a
nd G
roun
ds:
Sup
plie
s1,
000
1,00
0
25
2
748
O
ther
serv
ices
and
cha
rges
2,30
0
2,
300
2,32
0
(2
0)
To
tal B
uild
ings
and
Gro
unds
3,30
0
3,
300
2,57
2
72
8
cont
inue
d
97
VA
RIA
NC
EO
RIG
INA
L
FIN
AL
POSI
TIV
EB
UD
GE
TB
UD
GE
TA
CT
UA
L(N
EG
AT
IVE
)
For
the
Yea
r E
nded
Dec
embe
r 31
, 201
8
GE
NE
RA
L F
UN
DC
ITY
OF
RO
ME
, GE
OR
GIA
SC
HE
DU
LE
OF
RE
VE
NU
ES
& E
XPE
ND
ITU
RE
S B
UD
GE
T A
ND
AC
TU
AL
Cem
eter
y: P
erso
nal s
ervi
ces
339,
020
$
33
9,02
0$
326,
731
$
12
,289
$
Sup
plie
s34
,430
34,4
30
28
,976
5,45
4
O
ther
serv
ices
and
cha
rges
28,4
10
28
,410
26,2
82
2,
128
Pay
men
ts fo
r inm
ate
char
ges
50,0
00
50
,000
50,1
80
(1
80)
To
tal C
emet
ery
451,
860
45
1,86
0
432,
169
19
,691
Gar
age:
Per
sona
l ser
vice
s53
9,02
0
539,
020
49
7,19
0
41,8
30
S
uppl
ies
41,1
00
41
,100
40,7
85
31
5
Oth
er se
rvic
es a
nd c
harg
es39
,730
39,7
30
35
,180
4,55
0
To
tal G
arag
e61
9,85
0
619,
850
57
3,15
5
46,6
95
Tota
l Pub
lic W
orks
: P
erso
nal s
ervi
ces
4,00
8,98
0
4,
032,
540
3,88
4,13
0
14
8,41
0
Sup
plie
s56
2,99
0
569,
790
47
2,94
4
96,8
46
O
ther
serv
ices
and
cha
rges
1,09
7,05
5
1,
092,
300
1,01
4,00
5
78
,295
Pay
men
ts50
,000
50,0
00
50
,180
(180
)
TO
TA
L P
UB
LIC
WO
RK
S5,
719,
025
5,74
4,63
0
5,
421,
259
323,
371
PUB
LIC
FA
CIL
ITIE
SC
ity A
udito
rium
: P
erso
nal s
ervi
ces
170,
200
17
7,20
0
177,
152
48
Sup
plie
s51
,600
54,5
00
54
,261
239
O
ther
serv
ices
and
cha
rges
114,
030
10
8,70
0
108,
639
61
Tota
l City
Aud
itoriu
m33
5,83
0
340,
400
34
0,05
2
348
Civ
ic C
ente
r: S
uppl
ies
8,30
0
21
,300
21,2
57
43
Oth
er se
rvic
es a
nd c
harg
es25
,010
21,0
00
20
,938
62
To
tal C
ivic
Cen
ter
33,3
10
42
,300
42,1
95
10
5
cont
inue
d
98
VA
RIA
NC
EO
RIG
INA
L
FIN
AL
POSI
TIV
EB
UD
GE
TB
UD
GE
TA
CT
UA
L(N
EG
AT
IVE
)
For
the
Yea
r E
nded
Dec
embe
r 31
, 201
8
GE
NE
RA
L F
UN
DC
ITY
OF
RO
ME
, GE
OR
GIA
SC
HE
DU
LE
OF
RE
VE
NU
ES
& E
XPE
ND
ITU
RE
S B
UD
GE
T A
ND
AC
TU
AL
Oth
er F
acili
ties:
Sup
plie
s66
,050
$
66,1
50$
58
,216
$
7,93
4$
O
ther
serv
ices
and
cha
rges
60,7
50
60
,750
63,6
36
(2
,886
)
To
tal O
ther
Fac
ilitie
s12
6,80
0
126,
900
12
1,85
2
5,04
8
Tota
l Pub
lic F
acili
ties:
Per
sona
l ser
vice
s17
0,20
0
177,
200
17
7,15
2
48
S
uppl
ies
125,
950
14
1,95
0
133,
734
8,
216
Oth
er se
rvic
es a
nd c
harg
es19
9,79
0
190,
450
19
3,21
3
(2,7
63)
TO
TA
L P
UB
LIC
FA
CIL
ITIE
S49
5,94
0
509,
600
50
4,09
9
5,50
1
PUB
LIC
SE
RV
ICE
SC
omm
unity
Ser
vice
s:
Oth
er se
rvic
es a
nd c
harg
es27
4,50
0
212,
500
20
4,69
1
7,80
9
To
tal C
omm
unity
Ser
vice
s27
4,50
0
212,
500
20
4,69
1
7,80
9
Envi
ronm
enta
l Inf
orm
atio
n:
Pers
onal
Ser
vice
s24
7,90
0
247,
900
22
6,35
8
21,5
42
Supp
lies
8,90
0
8,
900
8,46
3
43
7
O
ther
serv
ices
and
cha
rges
25,8
60
25
,860
19,8
56
6,
004
Tota
l Env
ironm
enta
l Inf
orm
atio
n28
2,66
0
282,
660
25
4,67
7
27,9
83
Publ
ic In
form
atio
n C
oord
inat
or:
Pe
rson
al S
ervi
ces
15,0
00
15
,000
15,0
00
-
To
tal P
ublic
Info
rmat
ion
Coo
rdin
ator
15,0
00
15
,000
15,0
00
-
Com
mun
ity E
vent
s: S
uppl
ies
2,50
0
2,
500
406
2,
094
Oth
er se
rvic
es a
nd c
harg
es18
,300
18,3
00
11
,065
7,23
5
To
tal C
omm
unity
Eve
nts
20,8
00
20
,800
11,4
71
9,
329
cont
inue
d
99
VA
RIA
NC
EO
RIG
INA
L
FIN
AL
POSI
TIV
EB
UD
GE
TB
UD
GE
TA
CT
UA
L(N
EG
AT
IVE
)
For
the
Yea
r E
nded
Dec
embe
r 31
, 201
8
GE
NE
RA
L F
UN
DC
ITY
OF
RO
ME
, GE
OR
GIA
SC
HE
DU
LE
OF
RE
VE
NU
ES
& E
XPE
ND
ITU
RE
S B
UD
GE
T A
ND
AC
TU
AL
Rom
an H
olid
ay B
oat:
Sup
plie
s6,
550
$
6,55
0$
6,
095
$
455
$
O
ther
serv
ices
and
cha
rges
21,2
50
21
,250
21,2
26
24
Tota
l Rom
an H
olid
ay B
oat
27,8
00
27
,800
27,3
21
47
9
Trol
ley:
Per
sona
l ser
vice
s64
0
640
36
8
272
S
uppl
ies
1,05
0
1,
050
1,00
0
50
Oth
er se
rvic
es a
nd c
harg
es60
0
600
56
4
36
To
tal T
rolle
y2,
290
2,29
0
1,
932
358
Tota
l Pub
lic S
ervi
ces:
Per
sona
l ser
vice
s26
3,54
0
263,
540
24
1,72
6
21,8
14
S
uppl
ies
19,0
00
19
,000
15,9
64
3,
036
Oth
er se
rvic
es a
nd c
harg
es34
0,51
0
278,
510
25
7,40
2
21,1
08
T
OT
AL
PU
BL
IC S
ER
VIC
ES
623,
050
56
1,05
0
515,
092
45
,958
CO
MM
UN
ITY
DE
VE
LO
PME
NT
Per
sona
l ser
vice
s50
,000
361,
000
29
0,64
970
,351
Sup
plie
s20
,000
20,0
00
15
,461
4,53
9
O
ther
serv
ices
and
cha
rges
80,0
00
13
0,00
0
45,1
1884
,882
TO
TA
L C
OM
MU
NIT
Y D
EV
EL
OPM
EN
T15
0,00
0
511,
000
35
1,22
8
159,
772
TO
TA
L E
XPE
ND
ITU
RE
S 21
,236
,010
22
,830
,740
21
,910
,964
91
9,77
6
OT
HE
R F
INA
NC
ING
SO
UR
CE
S A
ND
USE
S:
TR
AN
SFE
RS
IN:
W
ater
and
Sew
er F
und
1,40
9,37
0
1,
540,
000
1,54
2,16
7
2,
167
B
uild
ing
Insp
ectio
n Fu
nd64
,500
64,5
00
75
,214
10,7
14
Tra
nsit
Fund
281,
250
33
2,00
0
341,
826
9,
826
F
ire F
und
1,35
5,00
0
1,
569,
000
1,56
8,04
7
(9
53)
Sol
id W
aste
Com
mis
sion
Fun
d90
,000
90,0
00
10
3,23
9
13,2
39
F
orum
Par
king
Dec
k Fu
nd-
-
24
,000
24,0
00
Tou
rism
Fun
d48
,300
48,3
00-
(4
8,30
0)
H
otel
/Mot
el T
ax F
und
100,
000
10
0,00
0
100,
000
-
D
ownt
own
Dev
elop
men
t Fun
d13
,550
13,5
50
-
(1
3,55
0)
S
olid
Was
te F
und
170,
280
23
5,00
0
234,
498
(5
02)
Pla
nnin
g C
omm
issi
on F
und
35,5
00
35
,500
42,6
36
7,
136
D
ownt
own
Park
ing
Fund
14,7
80
14
,780
-
(1
4,78
0)
T
enni
s Fun
d42
,900
42,9
00
42
,900
-
C
omm
unity
Dev
elop
men
t Fun
d17
,670
17,6
70
-
(1
7,67
0)
I
nsur
ance
Fun
d10
,500
10,6
80
-
(1
0,68
0)
W
orke
rs' C
ompe
nsat
ion
Fund
-
-
-
-
Ren
ewal
and
Ext
ensi
on F
und
70,9
60
70
,960
93,8
09
22
,849
TO
TA
L T
RA
NSF
ER
S IN
3,72
4,56
0
4,
184,
840
4,16
8,33
6
(1
6,50
4)
co
ntin
ued
100
VA
RIA
NC
EO
RIG
INA
L
FIN
AL
POSI
TIV
EB
UD
GE
TB
UD
GE
TA
CT
UA
L(N
EG
AT
IVE
)
For
the
Yea
r E
nded
Dec
embe
r 31
, 201
8
GE
NE
RA
L F
UN
DC
ITY
OF
RO
ME
, GE
OR
GIA
SC
HE
DU
LE
OF
RE
VE
NU
ES
& E
XPE
ND
ITU
RE
S B
UD
GE
T A
ND
AC
TU
AL
T
RA
NSF
ER
S O
UT
:
Pla
nnin
g C
omm
issi
on F
und
190,
050
$
19
0,05
0$
190,
050
$
-
$
Cap
ital F
und
400,
000
40
0,00
0
400,
000
-
Tra
nsit
Fund
450,
000
50
0,00
0
497,
313
2,
687
C
omm
unity
Dev
elop
men
t Fun
d19
2,00
0
192,
000
12
8,04
9
63,9
51
Bui
ldin
g In
spec
tion
Fund
-
3,55
0
-
3,
550
W
ater
Fun
d16
,000
16,0
00
16
,000
-
F
ire F
und
6,39
0,00
0
6,
390,
000
6,39
0,00
0
-
Gol
f Fun
d56
5,00
0
565,
000
56
5,00
0
-
S
olid
Was
te M
anag
emen
t Fun
d1,
430,
000
1,43
0,00
0
1,
430,
000
-
TO
TA
L T
RA
NSF
ER
S O
UT
9,63
3,05
0
9,
686,
600
9,61
6,41
2
70
,188
TO
TA
L O
TH
ER
FIN
AN
CIN
G S
OU
RC
ES
(USE
S)(5
,908
,490
)
(5
,501
,760
)
(5
,448
,076
)
53
,684
Net
cha
nge
in fu
nd b
alan
ce-
-
1,73
3,79
0
FUN
D B
AL
AN
CE
, BE
GIN
NIN
G O
F Y
EA
R19
,152
,518
19
,152
,518
19
,152
,518
FUN
D B
AL
AN
CE
, EN
D O
F Y
EA
R19
,152
,518
$
19
,152
,518
$
20
,886
,308
$
101
Var
ianc
e O
rigi
nal
Fina
lPo
sitiv
e B
udge
t B
udge
tA
ctua
l(N
egat
ive)
RE
VE
NU
ES
Tax
es $
695,
000
$
69
5,00
0 $
695,
552
$
5
52
Int
eres
t ear
ned
-
-
1,9
94
1,9
94
T
otal
reve
nues
69
5,00
0
695,
000
69
7,54
6
2
,546
EX
PEN
DIT
UR
ES
Com
mun
ity d
evel
opm
ent
43
1,00
0
431,
000
4,97
2,02
0
(4,
541,
020)
Deb
t ser
vice
P
rinci
pal
24
4,00
0
244,
000
465,
686
(22
1,68
6)
Int
eres
t
20,
000
2
0,00
0 18
,012
1,9
88
Tot
al e
xpen
ditu
res
695,
000
69
5,00
0
5,45
5,71
8
(4
,760
,718
)
D
EFI
CIE
NC
Y O
F R
EV
EN
UE
S U
ND
ER
EX
PEN
DIT
UR
ES
-
-
(4,7
58,1
72)
(4,7
58,1
72)
OT
HE
R F
INA
NC
ING
SO
UR
CE
S (U
SES)
Not
es p
ayab
le-
-
5,
804,
379
5,80
4,37
9
Dis
coun
ts o
n no
tes p
ayab
le-
-
(8
87,4
01)
(887
,401
)
Tot
al o
ther
fina
ncin
g so
urce
s (us
es)
-
-
4,91
6,97
8
4,
916,
978
N
ET
CH
AN
GE
IN
F
UN
D B
AL
AN
CE
-
-
158,
806
15
8,80
6
FUN
D B
AL
AN
CE
, BE
GIN
NIN
G O
F Y
EA
R
380,
548
38
0,54
8
380,
548
-
FUN
D B
AL
AN
CE
, EN
D O
F Y
EA
R38
0,54
8$
380,
548
$
53
9,35
4$
158,
806
$
Tax
Allo
catio
n D
istr
ict
CIT
Y O
F R
OM
E, G
EO
RG
IAT
AX
AL
LO
CA
TIO
N D
IST
RIC
TSC
HE
DU
LE
OF
RE
VE
NU
ES,
EX
PEN
DIT
UR
ES,
AN
DC
HA
NG
ES
IN F
UN
D B
AL
AN
CE
- B
UD
GE
T A
ND
AC
TU
AL
Fo
r th
e Y
ear
End
ed D
ecem
ber
31, 2
018
102
103
City
of R
ome,
Geo
rgia
NO
TE
S T
O T
HE
RE
QU
IRE
D S
UPP
LE
ME
NT
AL
INFO
RM
AT
ION
Dec
embe
r 31
, 201
8
NO
TE
I –
BU
DG
ET
AR
Y IN
FOR
MA
TIO
N A
ND
RE
CO
NC
ILIA
TIO
N
A
. B
udge
tary
Info
rmat
ion
A
nnua
l bud
gets
are
ado
pted
on
a ba
sis c
onsi
sten
t with
gen
eral
ly a
ccep
ted
acco
untin
g pr
inci
ples
for a
ll go
vern
men
tal f
unds
exc
ept f
or th
e C
apita
l Pro
ject
s Fun
ds, w
hich
ado
pts
proj
ect l
engt
h bu
dget
s. In
Aug
ust o
f ea
ch y
ear,
all d
epar
tmen
ts o
f th
e C
ity s
ubm
it a
budg
etar
y re
ques
t to
the
City
Man
ager
. In
Nov
embe
r, th
e C
ity M
anag
er p
rese
nts
the
prop
osed
bud
gets
to th
e Fi
nanc
e C
omm
ittee
of t
he C
ity C
omm
issi
on.
The
City
Com
mis
sion
ado
pts t
he fi
nal b
udge
ts in
Dec
embe
r of e
ach
year
. D
urin
g th
e ye
ar, t
he C
ity m
ade
budg
etar
y am
endm
ents
to
talin
g $1
,648
,280
, whi
ch w
ere
appr
oved
by
the
City
Com
mis
sion
. Th
e m
ain
reas
on fo
r the
se a
men
dmen
ts w
as to
bet
ter a
lign
budg
eted
exp
endi
ture
s with
a d
ecre
ase
in a
ctua
l re
venu
es.
Thi
s inf
orm
atio
n w
as n
ot a
vaila
ble
durin
g th
e or
igin
al b
udge
t pro
cess
.
Bud
geta
ry a
ppro
pria
tions
are
mad
e at
the
obje
ct le
vel w
ithin
eac
h de
partm
ent.
The
lega
l lev
el o
f bu
dget
ary
cont
rol i
s at
the
depa
rtmen
t lev
el.
Bud
get a
men
dmen
ts w
hich
af
fect
a d
epar
tmen
t's to
tal a
ppro
pria
tions
or t
rans
fers
bet
wee
n fu
nds
mus
t be
auth
oriz
ed b
y th
e C
ity C
omm
issi
on th
roug
h a
budg
et re
visi
on.
All
appr
opria
tions
laps
e at
yea
r en
d.
En
cum
bran
ce a
ccou
ntin
g, u
nder
whi
ch p
urch
ase
orde
rs, c
ontra
cts
and
othe
r co
mm
itmen
ts f
or th
e ex
pend
iture
of
mon
ies
are
reco
rded
in o
rder
to r
eser
ve th
at p
ortio
n of
the
appl
icab
le a
ppro
pria
tion,
is
empl
oyed
as
an e
xten
sion
of
form
al b
udge
tary
int
egra
tion
in t
he G
ener
al F
und,
Spe
cial
Rev
enue
Fun
ds,
and
Cap
ital
Proj
ects
Fun
ds.
All
encu
mbr
ance
s lap
se a
t yea
r end
. B
. B
udge
t/GA
AP
Rec
onci
liatio
n Sc
hedu
les
of R
even
ues,
Expe
nditu
res
and
Cha
nges
in F
und
Bal
ance
- B
udge
t and
Act
ual a
re p
rese
nted
as
requ
ired
supp
lem
enta
l inf
orm
atio
n fo
r the
Gen
eral
Fun
d. T
his
fund
ha
s an
annu
al b
udge
t ado
pted
on
a G
AA
P ba
sis.
A
nnua
l bud
gets
are
not
ado
pted
for t
he C
apita
l Pro
ject
s fu
nds
sinc
e th
ey a
re c
ontro
lled
by p
roje
ct b
udge
ts a
dopt
ed a
t the
initi
atio
n of
the
proj
ect.
Ann
ual b
udge
ts a
re a
dopt
ed
for p
ropr
ieta
ry fu
nds f
or m
anag
emen
t con
trol p
urpo
ses o
nly
sinc
e th
ey a
re n
ot le
gally
requ
ired.
2018
2017
2016
2015
Tot
al p
ensi
on li
abili
tySe
rvic
e co
st85
3,50
3$
795,
901
$
74
4,59
8$
789,
416
$
In
tere
st o
n to
tal p
ensi
on li
abili
ty6,
484,
320
6,37
3,18
5
6,
093,
495
5,97
2,74
6
D
iffer
ence
s bet
wee
n ex
pect
ed a
nd a
ctua
l exp
erie
nce
3,32
0,66
1
(3
87,5
47)
1,
852,
264
1,67
8,45
9
C
hang
es o
f ass
umpt
ions
1,35
9,40
7
-
-
(2
,274
,787
)
C
hang
e of
ben
efit
term
s-
12
1,61
7
-
-
Ben
efit
paym
ents
, inc
ludi
ng re
fund
s of e
mpl
oyee
con
tribu
tions
(5,6
57,3
77)
(5,2
80,9
38)
(4,8
81,9
72)
(4,3
33,5
89)
Net
cha
nge
in to
tal p
ensi
on li
abili
ty6,
360,
514
1,62
2,21
8
3,
808,
385
1,83
2,24
5
Tot
al p
ensi
on li
abili
ty -
begi
nnin
g86
,497
,336
84,8
75,1
18
81
,066
,733
79,2
34,4
88
Tot
al p
ensi
on li
abili
ty -
endi
ng (a
)92
,857
,850
$
86,4
97,3
36$
84
,875
,118
$
81,0
66,7
33$
Plan
fidu
ciar
y ne
t pos
ition
Con
tribu
tions
- em
ploy
er3,
243,
663
$
3,09
2,22
7$
3,
067,
188
$
3,00
5,91
2$
N
et in
vest
men
t inc
ome
7,94
8,55
5
7,
359,
944
160,
536
5,
492,
303
Ben
efit
paym
ents
, inc
ludi
ng re
fund
s of m
embe
r con
tribu
tions
(5,6
57,3
77)
(5,2
80,9
38)
(4,8
81,9
72)
(4,3
33,5
89)
Adm
inis
trativ
e ex
pens
es(1
21,2
70)
(1
25,3
88)
(9
3,52
3)
(84,
874)
N
et c
hang
e in
pla
n fid
ucia
ry n
et p
ositi
on5,
413,
571
5,04
5,84
5
(1
,747
,771
)
4,
079,
752
Plan
fidu
ciar
y ne
t pos
ition
- be
ginn
ing
64,6
97,1
12
59
,651
,267
61,3
99,0
38
57
,319
,286
Pl
an fi
duci
ary
net p
ositi
on -
endi
ng (b
)70
,110
,683
$
64,6
97,1
12$
59
,651
,267
$
61,3
99,0
38$
City
's n
et p
ensi
on li
abili
ty -
endi
ng (a
) - (b
)22
,747
,167
$
21,8
00,2
24$
25
,223
,851
$
19,6
67,6
95$
Plan
fidu
ciar
y ne
t pos
ition
as a
per
cent
age
of th
e to
tal p
ensi
on li
abili
ty
75.5
0%74
.80%
70.2
8%75
.74%
Cov
ered
pay
roll
25
,394
,265
$
25,1
17,3
22$
24
,044
,603
$
23,5
29,2
13$
City
's n
et p
ensi
on li
abili
ty a
s a p
erce
ntag
e of
cov
ered
pay
roll
89
.58%
86.7
9%10
4.90
%83
.59%
Not
es to
the
Sche
dule
:Th
e sc
hedu
le w
ill p
rese
nt 1
0 ye
ars o
f inf
orm
atio
n on
ce it
is a
ccum
ulat
ed.
AN
D R
EL
AT
ED
RA
TIO
S
CIT
Y O
F R
OM
E, G
EO
RG
IA
RE
QU
IRE
D S
UPP
LE
ME
NT
AR
Y IN
FOR
MA
TIO
N
RE
TIR
EM
EN
T P
LA
NSC
HE
DU
LE
OF
CH
AN
GE
S IN
TH
E C
ITY
'S N
ET
PE
NSI
ON
LIA
BIL
ITY
104
2018
2017
2016
2015
Act
uaria
lly d
eter
min
ed c
ontri
butio
n3,
127,
262
$
3,
155,
064
$
2,
918,
508
$
3,
007,
137
$
C
ontri
butio
ns in
rela
tion
to th
e ac
tuar
ially
det
erm
ined
con
tribu
tion
3,48
2,25
1
3,16
4,13
4
3,06
6,82
5
3,06
7,14
4
Con
tribu
tion
defic
ienc
y (e
xces
s)(3
54,9
89)
$
(9,0
70)
$
(1
48,3
17)
$
(60,
007)
$
Cov
ered
pay
roll
25,1
17,3
22$
24
,044
,603
$
23,5
29,2
13$
24
,044
,603
$
Con
tribu
tions
as a
per
cent
age
of c
over
ed p
ayro
ll13
.86%
13.1
6%13
.03%
12.7
6%
Not
es to
the
Sche
dule
:(1
) Act
uaria
l Ass
umpt
ions
: V
alua
tion
Dat
eJu
ly 1
, 201
7 C
ost M
etho
dPr
ojec
ted
Uni
t Cre
dit
Act
uaria
l Ass
et V
alua
tion
Met
hod
Sum
of a
ctua
rial v
alue
at b
egin
ning
of y
ear a
nd th
e ca
sh fl
ow
durin
g th
e ye
ar p
lus t
he a
ssum
ed in
vest
men
t ret
urn,
adj
uste
d by
10
% o
f the
am
ount
s tha
t the
val
ue e
xcee
ds o
r is l
ess t
han
the
mar
ket v
alue
at t
he e
nd o
f the
yea
r. T
he a
ctua
rial v
alue
is
adju
sted
, if n
eces
sary
, to
be w
ithin
20%
of m
arke
t val
ue.
Ass
umed
Rat
e of
Ret
urn
on In
vest
men
ts7.
50%
Pro
ject
ed S
alar
y In
crea
ses
2.75
% p
lus s
ervi
ce b
ased
mer
it in
crea
ses
Cos
t-of-
livin
g A
djus
tmen
t2.
75%
for C
lass
5; 0
.00%
oth
erw
ise
Am
ortiz
atio
n M
etho
dC
lose
d le
vel d
olla
r for
unf
unde
d lia
bilit
y R
emai
ning
Am
ortiz
atio
n Pe
riod
Var
ies f
or th
e ba
ses,
with
a n
et e
ffec
tive
perio
d of
11
year
s
(2) T
he sc
hedu
le w
ill p
rese
nt 1
0 ye
ars o
f inf
orm
atio
n on
ce it
is a
ccum
ulat
ed.
RE
QU
IRE
D S
UPP
LE
ME
NT
AR
Y IN
FOR
MA
TIO
N
RE
TIR
EM
EN
T P
LA
NSC
HE
DU
LE
OF
CIT
Y C
ON
TR
IBU
TIO
NS
CIT
Y O
F R
OM
E, G
EO
RG
IA
105
2018
Tota
l OPE
B li
abili
tySe
rvic
e co
st28
9,14
3$
Inte
rest
on
tota
l OPE
B li
abili
ty59
8,66
9
Diff
eren
ce b
etw
een
expe
cted
and
act
ual e
xper
ienc
e39
2,04
6
Cha
nges
of a
ssum
ptio
ns a
nd o
ther
inpu
ts74
2,86
0
Ben
efit
paym
ents
(978
,573
)
N
et c
hang
e in
tota
l OPE
B li
abili
ty1,
044,
145
Tot
al O
PEB
liab
ility
- be
ginn
ing
16,3
22,5
49
Tot
al O
PEB
liab
ility
- en
ding
17,3
66,6
94$
Cov
ered
pay
roll
25,0
70,9
57$
Tot
al O
PEB
liab
ility
as a
per
cent
age
of
cov
ered
-em
ploy
ee p
ayro
ll69
.3%
Not
es to
the
Sche
dule
:Th
e sc
hedu
le w
ill p
rese
nt 1
0 ye
ars o
f inf
orm
atio
n on
ce it
is a
ccum
ulat
ed.
The
City
is n
ot a
ccum
ulat
ing
asse
ts in
a tr
ust f
und
that
mee
ts th
e cr
iteria
in p
arag
raph
4 o
f
GA
SB S
tate
men
t No.
75
for p
aym
ent o
f fut
ure
OPE
B b
enef
its.
CIT
Y O
F R
OM
E, G
EO
RG
IA
RE
QU
IRE
D S
UPP
LE
ME
NT
AR
Y IN
FOR
MA
TIO
N
OPE
B H
EA
LT
HC
AR
E B
EN
EFI
T P
LA
NSC
HE
DU
LE
OF
CH
AN
GE
S IN
TO
TA
L O
PEB
LIA
BIL
ITY
AN
D R
EL
AT
ED
RA
TIO
S
106
N
ON
MA
JOR
GO
VE
RN
ME
NT
AL
FU
ND
S C
OM
BIN
ED
ST
AT
EM
EN
TS
NO
NM
AJO
R G
OV
ER
NM
EN
TA
L F
UN
DS
Spec
ial r
even
ue fu
nds a
re u
sed
to a
ccou
nt fo
r spe
cific
reve
nue
sour
ces t
hat
are
rest
ricte
d or
com
mitt
ed to
exp
endi
ture
s for
spec
ific
purp
oses
.
Com
mun
ity D
evel
opm
ent F
und
- to
acc
ount
for c
omm
unity
dev
elop
men
t pro
ject
s gen
eral
ly
finan
ced
by v
ario
us g
rant
s and
ent
itlem
ents
.
Plan
ning
Com
mis
sion
Fun
d -
to a
ccou
nt fo
r act
iviti
es re
late
d to
tran
spor
tatio
n pl
anni
ng,
land
use
pla
nnin
g, a
nd la
nd d
evel
opm
ent r
egul
atio
ns fo
r
th
e C
ity o
f Rom
e an
d Fl
oyd
Cou
nty.
Hot
el/M
otel
Tax
Fun
d -
to a
ccou
nt fo
r the
col
lect
ion
and
disb
urse
men
t of h
otel
/
m
otel
taxe
s.
Busi
ness
Impr
ovem
ent -
to
acc
ount
for f
unds
for d
ownt
own
prom
otio
nal a
ctiv
ities
.
Dis
tric
t Fun
d -
fund
ed b
y a
spec
ial m
illag
e as
sess
men
t.
Foru
m P
arki
ng D
eck
Fund
- to
acc
ount
for t
he a
ctiv
ities
rela
ted
to a
par
king
dec
k jo
intly
ow
ned
with
Flo
yd C
ount
y.
NO
NM
AJO
R G
OV
ER
NM
EN
TA
L F
UN
DS
–
Con
tinue
d
Cap
ital P
roje
cts F
unds
are
use
d to
acc
ount
for t
he a
cqui
sitio
n or
con
stru
ctio
n
of c
apita
l equ
ipm
ent o
r fac
ilitie
s oth
er th
an th
ose
acco
unte
d fo
r in
prop
rieta
ry o
r tru
st fu
nds.
Entit
lem
ent F
und
- to
acc
ount
for c
apita
l act
iviti
es re
late
d to
the
Fede
ral G
rant
en
title
men
t aw
ards
.
Non
maj
orT
otal
Non
maj
or
Cap
ital P
roje
cts
Non
maj
orSp
ecia
l Rev
enue
Fund
sG
over
nmen
tal
Fund
s(E
ntitl
emen
t Fun
d)Fu
nds
ASS
ET
SC
ash
$
2,25
3,80
1 $
2
$
2,25
3,80
3 Ta
xes r
ecei
vabl
e, n
et o
f allo
wan
ce fo
r unc
olle
ctib
les
-
-
-
A
ccou
nts r
ecei
vabl
e, n
et o
f allo
wan
ce fo
r unc
olle
ctib
les
7
6,43
2
-
7
6,43
2 A
ccou
nts r
ecei
vabl
e lo
ans
11
4,17
6
-
11
4,17
6 D
ue fr
om o
ther
fund
s
11,
123
-
11,
123
Due
from
oth
er g
over
nmen
ts
27,
070
14,
201
4
1,27
1
Tot
al a
sset
s $
2,
482,
602
$
14,
203
$
2,49
6,80
5
LIA
BIL
ITIE
S A
ND
FU
ND
BA
LA
NC
ES
Liab
ilitie
s A
ccou
nts p
ayab
le $
8
,869
$
6
43
$
9,5
12
Acc
rued
liab
ilitie
s
9
,644
-
9,6
44
Due
to c
ompo
nent
uni
t
21,
514
-
21,
514
Due
to o
ther
gov
ernm
ents
1
6,96
4
-
1
6,96
4 D
ue to
oth
er fu
nds
1
5,18
9
1
3,55
8
28,
747
T
otal
liab
ilitie
s
72,
180
14,
201
8
6,38
1
FUN
D B
AL
AN
CE
S R
estri
cted
for:
R
evol
ving
loan
s and
hou
sing
initi
ativ
es
869,
158
-
869,
158
P
lann
ing
and
zoni
ng a
ctiv
ities
14
4,16
0
-
14
4,16
0
Tou
rism
& fo
rum
pro
mot
ion
1,13
2,00
3
-
1,13
2,00
3
Cap
ital i
mpr
ovem
ents
11
1,96
2
2
11
1,96
4
For
um p
arki
ng d
eck
oper
atio
ns
109,
168
-
109,
168
Ass
igne
d fo
r:
Com
mun
ity d
evel
opm
ent o
pera
tions
4
3,97
1
-
4
3,97
1
Tot
al fu
nd b
alan
ces
2,41
0,42
2
2
2,41
0,42
4
TO
TA
L L
IAB
ILIT
IES
AN
D F
UN
D B
AL
AN
CE
S $
2,
482,
602
$
1
4,20
3 $
2,
496,
805
Non
maj
or G
over
nmen
tal F
unds
CIT
Y O
F R
OM
E, G
EO
RG
IAC
OM
BIN
ING
BA
LA
NC
E S
HE
ET
Dec
embe
r 31
, 201
8N
ON
MA
JOR
GO
VE
RN
ME
NT
AL
FU
ND
S
107
Non
maj
orT
otal
Non
maj
orC
apita
l Pro
ject
sN
onm
ajor
Spec
ial R
even
ueFu
nds
Gov
ernm
enta
lFu
nds
(Ent
itlem
ent F
und)
Fund
sR
EV
EN
UE
S I
nter
gove
rnm
enta
l31
9,71
4$
331,
949
$
65
1,66
3$
Cha
rges
for s
ervi
ces
148,
010
-
14
8,01
0
Tax
es1,
497,
588
-
1,49
7,58
8
I
nter
est e
arne
d19
,368
-
19,3
68
M
isce
llane
ous
96,9
98
-
96
,998
TO
TA
L R
EV
EN
UE
S2,
081,
678
331,
949
2,
413,
627
EX
PEN
DIT
UR
ES
Com
mun
ity d
evel
opm
ent
724,
889
-
72
4,88
9
Pub
lic fa
cilit
ies
813,
750
-
81
3,75
0
Cap
ital o
utla
y-
33
1,94
9
331,
949
D
ebt s
ervi
ce:
P
rinci
pal
-
-
-
Int
eres
t-
-
-
TO
TA
L E
XPE
ND
ITU
RE
S1,
538,
639
331,
949
1,
870,
588
EX
CE
SS O
F R
EV
EN
UE
S
OV
ER
EX
PEN
DIT
UR
ES
543,
039
-
543,
039
OT
HE
R F
INA
NC
ING
SO
UR
CE
S A
ND
USE
S
Tran
sfer
s in
318,
099
-
31
8,09
9
Tr
ansf
ers o
ut(5
69,2
07)
-
(5
69,2
07)
(2
51,1
08)
-
(251
,108
)
NE
T C
HA
NG
E IN
FU
ND
BA
LA
NC
ES
291,
931
-
29
1,93
1
FU
ND
BA
LA
NC
ES
- BE
GIN
NIN
G O
F Y
EA
R2,
118,
491
2
2,11
8,49
3
FUN
D B
AL
AN
CE
S - E
ND
OF
YE
AR
2,41
0,42
2$
2$
2,41
0,42
4$
For
the
Yea
r E
nded
Dec
embe
r 31
, 201
8
Non
maj
or G
over
nmen
tal F
unds
CIT
Y O
F R
OM
E, G
EO
RG
IAC
OM
BIN
ING
ST
AT
EM
EN
T O
F R
EV
EN
UE
S, E
XPE
ND
ITU
RE
S, A
ND
CH
AN
GE
S IN
FU
ND
BA
LA
NC
EN
ON
MA
JOR
GO
VE
RN
ME
NT
AL
FU
ND
S
108
Spec
ial R
even
ue F
unds
Tot
alC
omm
unity
Plan
ning
Hot
el/M
otel
Bus
ines
sFo
rum
Non
maj
orD
evel
opm
ent
Com
mis
sion
Tax
Impr
ovem
ent
Park
ing
Dec
kSp
ecia
l Rev
enue
Fund
Fund
Fund
Dis
tric
t Fun
dFu
ndFu
nds
ASS
ET
S
Cas
h $
8
02,2
77
$
133
,173
$
1,0
94,0
49
$
110
,623
$
11
3,67
9 $
2
,253
,801
Ta
xes r
ecei
vabl
e, n
et o
f allo
wan
ce
fo
r unc
olle
ctib
les
-
-
-
-
-
-
A
ccou
nts r
ecei
vabl
e, n
et o
f allo
wan
ce
fo
r unc
olle
ctib
les
-
-
7
6,43
2
-
-
76
,432
A
ccou
nts r
ecei
vabl
e lo
ans
114
,176
-
-
-
-
114
,176
D
ue fr
om o
ther
fund
s
8,2
12
2,49
0
-
-
4
21
11,1
23
Due
from
oth
er g
over
nmen
ts
476
2
4,58
8
-
1,70
6
3
00
27,0
70
T
otal
ass
ets
$
925
,141
$
1
60,2
51
$
1
,170
,481
$
1
12,3
29
$
114,
400
$
2,4
82,6
02
LIA
BIL
ITIE
S A
ND
FU
ND
BA
LA
NC
ES
Liab
ilitie
s A
ccou
nts p
ayab
le $
774
$
3,53
7 $
-
$
- $
4,5
58
$
8,8
69
Acc
rued
liab
ilitie
s
3,
120
5,85
0
-
-
6
74
9,6
44
Due
to c
ompo
nent
uni
t
-
-
21,
514
-
-
21,5
14
Due
to o
ther
gov
ernm
ents
-
-
1
6,96
4
-
-
16
,964
D
ue to
oth
er fu
nds
8,11
8
6,
704
-
367
-
15
,189
Tot
al li
abili
ties
1
2,01
2
16,
091
3
8,47
8
367
5
,232
72
,180
FUN
D B
AL
AN
CE
S R
estri
cted
for:
R
evol
ving
loan
s and
hou
sing
initi
ativ
es
8
69,1
58
-
-
-
-
8
69,1
58
P
lann
ing
and
zoni
ng a
ctiv
ities
144
,160
-
-
-
1
44,1
60
T
ouris
m &
foru
m p
rom
otio
n
-
-
1,1
32,0
03
-
-
1,1
32,0
03
C
apita
l im
prov
emen
ts
-
-
-
111
,962
-
1
11,9
62
F
orum
par
king
dec
k op
erat
ions
-
-
-
-
109,
168
1
09,1
68
Ass
igne
d fo
r:
Com
mun
ity d
evel
opm
ent o
pera
tions
4
3,97
1
-
-
-
-
43
,971
Tot
al fu
nd b
alan
ces
913
,129
1
44,1
60
1
,132
,003
1
11,9
62
109,
168
2,4
10,4
22
TO
TA
L L
IAB
ILIT
IES
AN
D F
UN
D
B
AL
AN
CE
S $
9
25,1
41
$
160
,251
$
1,1
70,4
81
$
112
,329
$
11
4,40
0 $
2
,482
,602
CIT
Y O
F R
OM
E, G
EO
RG
IAC
OM
BIN
ING
BA
LA
NC
E S
HE
ET
Dec
embe
r 31
, 201
8N
ON
MA
JOR
SPE
CIA
L R
EV
EN
UE
GO
VE
RN
ME
NT
AL
FU
ND
S
109
Tot
alC
omm
unity
Plan
ning
Hot
el/M
otel
Bus
ines
sFo
rum
Non
maj
orD
evel
opm
ent
Com
mis
sion
Tax
Impr
ovem
ent
Park
ing
Dec
kSp
ecia
l Rev
enue
Fund
Fund
Fund
Dis
tric
t Fun
dFu
ndFu
nds
RE
VE
NU
ES
Int
ergo
vern
men
tal
49,3
75$
270,
339
$
-
$
-$
-
$
319,
714
$
C
harg
es fo
r ser
vice
s10
5
10,7
95
-
34
,474
10
2,63
6
14
8,01
0
Tax
es-
-
1,
426,
766
70,8
22
-
1,
497,
588
Int
eres
t ear
ned
5,75
5
79
7
11,7
58
515
54
3
19
,368
M
isce
llane
ous
96,9
98
-
-
-
-
96,9
98
TO
TA
L R
EV
EN
UE
S15
2,23
3
281,
931
1,
438,
524
105,
811
10
3,17
9
2,
081,
678
EX
PEN
DIT
UR
ES
C
omm
unity
dev
elop
men
t15
1,45
3
483,
619
-
89,8
17
-
72
4,88
9
Pu
blic
faci
litie
s-
-
75
2,40
4
-
61
,346
81
3,75
0
TO
TA
L E
XPE
ND
ITU
RE
S15
1,45
3
483,
619
75
2,40
4
89,8
17
61,3
46
1,53
8,63
9
EX
CE
SS (D
EFI
CIE
NC
Y) O
F R
EV
EN
UE
S
OV
ER
EX
PEN
DIT
UR
ES
780
(2
01,6
88)
686,
120
15
,994
41
,833
54
3,03
9
OT
HE
R F
INA
NC
ING
SO
UR
CE
S (U
SES)
Tr
ansf
ers i
n12
8,04
9
190,
050
-
-
-
318,
099
Tran
sfer
s out
-
(4
2,63
6)
(502
,571
)
-
(24,
000)
(569
,207
)
TO
TA
L O
TH
ER
FIN
AN
CIN
GSO
UR
CE
S (U
SES)
128,
049
14
7,41
4
(502
,571
)
-
(24,
000)
(251
,108
)
NE
T C
HA
NG
E IN
FU
ND
BA
LA
NC
ES
128,
829
(5
4,27
4)
183,
549
15
,994
17
,833
29
1,93
1
FU
ND
BA
LA
NC
ES
-
BE
GIN
NIN
G O
F Y
EA
R78
4,30
0
198,
434
94
8,45
4
95,9
68
91,3
35
2,11
8,49
1
FU
ND
BA
LA
NC
ES
- E
ND
OF
YE
AR
913,
129
$
14
4,16
0$
1,13
2,00
3$
11
1,96
2$
109,
168
$
2,41
0,42
2$
CIT
Y O
F R
OM
E, G
EO
RG
IAC
OM
BIN
ING
ST
AT
EM
EN
T O
F R
EV
EN
UE
S, E
XPE
ND
ITU
RE
S, A
ND
CH
AN
GE
S IN
FU
ND
BA
LA
NC
EN
ON
MA
JOR
SPE
CIA
L R
EV
EN
UE
GO
VE
RN
ME
NT
AL
FU
ND
SFo
r th
e Y
ear
End
ed D
ecem
ber
31, 2
018
Spec
ial R
even
ue F
unds
110
SP
EC
IAL
RE
VE
NU
E F
UN
DS
SC
HED
ULE
OF
REV
ENU
ES, E
XPE
ND
ITU
RES
, A
ND
CH
AN
GES
IN F
UN
D B
ALA
NC
E B
UD
GET
TO
AC
TUA
L
Var
ianc
eO
rigi
nal
Fina
lPo
sitiv
eB
udge
tB
udge
tA
ctua
l(N
egat
ive)
RE
VE
NU
ES
Int
ergo
vern
men
tal
373,
500
$
37
3,50
0$
49,3
75$
(3
24,1
25)
$
C
harg
es fo
r ser
vice
s
-
-
10
5
105
I
nter
est e
arne
d
500
500
5,
755
5,25
5
M
isce
llane
ous
-
-
96,9
98
96
,998
T
otal
reve
nues
374,
000
37
4,00
0
152,
233
(2
21,7
67)
EX
PEN
DIT
UR
ES
C
omm
unity
dev
elop
men
t50
6,33
0
506,
330
15
1,45
3
354,
877
Tot
al e
xpen
ditu
res
506,
330
50
6,33
0
151,
453
35
4,87
7
EX
CE
SS (D
EFI
CIE
NC
Y) O
F R
EV
EN
UE
S O
VE
R (U
ND
ER
)
E
XPE
ND
ITU
RE
S(1
32,3
30)
(1
32,3
30)
78
0
133,
110
O
TH
ER
FIN
AN
CIN
G S
OU
RC
ES
(USE
S)
Tr
ansf
ers i
n15
0,00
0
150,
000
12
8,04
9
(2
1,95
1)
Tran
sfer
s out
(17,
670)
(1
7,67
0)
-
17,
670
T
otal
oth
er fi
nanc
ing
sour
ces (
uses
)13
2,33
0
132,
330
12
8,04
9
(4,2
81)
N
ET
CH
AN
GE
IN
FUN
D B
AL
AN
CE
-
-
128,
829
12
8,82
9
FU
ND
BA
LA
NC
E, B
EG
INN
ING
OF
YE
AR
784,
300
78
4,30
0
784,
300
-
FUN
D B
AL
AN
CE
, EN
D O
F Y
EA
R78
4,30
0$
784,
300
$
91
3,12
9$
128,
829
$
SCH
ED
UL
E O
F R
EV
EN
UE
S, E
XPE
ND
ITU
RE
S, A
ND
CH
AN
GE
S IN
FU
ND
BA
LA
NC
E -
BU
DG
ET
AN
D A
CT
UA
L
Com
mun
ity D
evel
opm
ent
CIT
Y O
F R
OM
E, G
EO
RG
IA
For
the
Yea
r E
nded
Dec
embe
r 31
, 201
8
SPE
CIA
L R
EV
EN
UE
FU
ND
S
111
Var
ianc
eO
rigi
nal
Fina
lPo
sitiv
eB
udge
tB
udge
tA
ctua
l(N
egat
ive)
RE
VE
NU
ES
Int
ergo
vern
men
tal
282,
570
$
28
2,57
0$
270,
339
$
(1
2,23
1)$
Cha
rges
for s
ervi
ces
9,50
09,
500
10,7
95
1,
295
Int
eres
t ear
ned
520
52
0
797
27
7
T
otal
reve
nues
292,
590
29
2,59
0
281,
931
(1
0,65
9)
EX
PEN
DIT
UR
ES
Com
mun
ity d
evel
opm
ent
562,
640
56
2,64
0
483,
619
79
,021
T
otal
exp
endi
ture
s56
2,64
0
562,
640
48
3,61
9
79,0
21
D
EFI
CIE
NC
Y O
F R
EV
EN
UE
S U
ND
ER
E
XPE
ND
ITU
RE
S(2
70,0
50)
(2
70,0
50)
(2
01,6
88)
68
,362
OT
HE
R F
INA
NC
ING
SO
UR
CE
S (U
SES)
Tr
ansf
ers i
n19
0,05
0
190,
050
19
0,05
0
-
Tr
ansf
ers o
ut(3
5,00
0)
(35,
000)
(4
2,63
6)
(7,6
36)
T
otal
oth
er fi
nanc
ing
sour
ces (
uses
)15
5,05
0
155,
050
14
7,41
4
(7,6
36)
NE
T C
HA
NG
E IN
FUN
D B
AL
AN
CE
(115
,000
)
(115
,000
)
(54,
274)
60
,726
FUN
D B
AL
AN
CE
, BE
GIN
NIN
G O
F Y
EA
R19
8,43
4
198,
434
19
8,43
4
-
FUN
D B
AL
AN
CE
, EN
D O
F Y
EA
R83
,434
$
83,4
34$
14
4,16
0$
60,7
26$
For
the
Yea
r E
nded
Dec
embe
r 31
, 201
8
Plan
ning
Com
mis
sion
CIT
Y O
F R
OM
E, G
EO
RG
IASP
EC
IAL
RE
VE
NU
E F
UN
DS
SCH
ED
UL
E O
F R
EV
EN
UE
S, E
XPE
ND
ITU
RE
S, A
ND
CH
AN
GE
S IN
FU
ND
BA
LA
NC
E -
BU
DG
ET
AN
D A
CT
UA
L
112
Var
ianc
eO
rigi
nal
Fina
lPo
sitiv
eB
udge
tB
udge
tA
ctua
l(N
egat
ive)
RE
VE
NU
ES
Tax
es1,
440,
000
$
1,44
0,00
0$
1,
426,
766
$
(13,
234)
$
In
tere
st e
arne
d-
-
11
,758
11,7
58
Tot
al re
venu
es1,
440,
000
1,44
0,00
0
1,
438,
524
(1,4
76)
E
XPE
ND
ITU
RE
S
Pub
lic fa
cilit
ies
919,
000
91
9,00
0
752,
404
16
6,59
6
T
otal
exp
endi
ture
s91
9,00
0
919,
000
75
2,40
4
166,
596
E
XC
ESS
OF
RE
VE
NU
ES
OV
ER
EX
PEN
DIT
UR
ES
521,
000
52
1,00
0
686,
120
16
5,12
0
OT
HE
R F
INA
NC
ING
USE
S
Tr
ansf
ers o
ut(5
21,0
00)
(5
21,0
00)
(5
02,5
71)
(1
8,42
9)
T
otal
oth
er fi
nanc
ing
uses
(521
,000
)
(521
,000
)
(502
,571
)
(18,
429)
NE
T C
HA
NG
E IN
FU
ND
BA
LA
NC
E-
-
18
3,54
9
183,
549
FU
ND
BA
LA
NC
E, B
EG
INN
ING
OF
YE
AR
94
8,45
4
948,
454
94
8,45
4
-
FU
ND
BA
LA
NC
E, E
ND
OF
YE
AR
948,
454
$
94
8,45
4$
1,13
2,00
3$
18
3,54
9$
SPE
CIA
L R
EV
EN
UE
FU
ND
SSC
HE
DU
LE
OF
RE
VE
NU
ES,
EX
PEN
DIT
UR
ES,
AN
DC
HA
NG
ES
IN F
UN
D B
AL
AN
CE
- B
UD
GE
T A
ND
AC
TU
AL
Hot
el/M
otel
Tax
CIT
Y O
F R
OM
E, G
EO
RG
IA
For
the
Yea
r E
nded
Dec
embe
r 31
, 201
8
113
Var
ianc
e O
rigi
nal
Fina
lPo
sitiv
e B
udge
t B
udge
tA
ctua
l(N
egat
ive)
RE
VE
NU
ES
Cha
rges
for s
ervi
ces
36,0
00$
36
,000
$
$
3
4,47
4 $
(1,
526)
Tax
es57
,000
5
7,00
0
70,
822
1
3,82
2 I
nter
est e
arne
d-
-
515
515
Tot
al re
venu
es93
,000
93,0
00
105,
811
1
2,81
1
EX
PEN
DIT
UR
ES
Com
mun
ity d
evel
opm
ent
93,0
00
93,
000
8
9,81
7
3
,183
Tot
al e
xpen
ditu
res
93,0
00
93
,000
8
9,81
7
3
,183
N
ET
CH
AN
GE
IN
FU
ND
BA
LA
NC
E-
-
15,
994
1
5,99
4
FUN
D B
AL
AN
CE
, BE
GIN
NIN
G O
F Y
EA
R95
,968
9
5,96
8
95,
968
-
FUN
D B
AL
AN
CE
, EN
D O
F Y
EA
R $
95,
968
$
9
5,96
8 $
111,
962
$
1
5,99
4
For
the
Yea
r E
nded
Dec
embe
r 31
, 201
8 Bus
ines
s Im
prov
emen
t Dis
tric
t
CIT
Y O
F R
OM
E, G
EO
RG
IASP
EC
IAL
RE
VE
NU
E F
UN
DS
SCH
ED
UL
E O
F R
EV
EN
UE
S, E
XPE
ND
ITU
RE
S, A
ND
CH
AN
GE
S IN
FU
ND
BA
LA
NC
E -
BU
DG
ET
AN
D A
CT
UA
L
114
Var
ianc
e O
rigi
nal
Fina
lPo
sitiv
e B
udge
t B
udge
tA
ctua
l(N
egat
ive)
RE
VE
NU
ES
Cha
rges
for s
ervi
ces
$
9
0,00
0 $
90,
000
$
10
2,63
6 $
12,
636
Int
eres
t ear
ned
2
50
2
50
5
43
2
93
T
otal
reve
nues
9
0,25
0
90,
250
10
3,17
9
12,
929
EX
PEN
DIT
UR
ES
Pub
lic fa
cilit
ies
6
6,25
0
66,
250
6
1,34
6
4
,904
Tot
al e
xpen
ditu
res
66,2
50
66
,250
61,3
46
4,
904
EX
CE
SS O
F R
EV
EN
UE
S O
VE
R
E
XPE
ND
ITU
RE
S24
,000
24,0
00
41
,833
17,8
33
O
TH
ER
FIN
AN
CIN
G U
SES
Tran
sfer
s out
(24,
000)
(2
4,00
0)
(24,
000)
-
Tot
al o
ther
fina
ncin
g us
es(2
4,00
0)
(24,
000)
(2
4,00
0)
-
NE
T C
HA
NG
E IN
FU
ND
BA
LA
NC
E-
-
17
,833
17,8
33
FUN
D B
AL
AN
CE
, BE
GIN
NIN
G O
F Y
EA
R
91,
335
9
1,33
5 91
,335
-
FUN
D B
AL
AN
CE
, EN
D O
F Y
EA
R91
,335
$
91,3
35$
10
9,16
8$
17,8
33$
Foru
m P
arki
ng D
eck
CIT
Y O
F R
OM
E, G
EO
RG
IASP
EC
IAL
RE
VE
NU
E F
UN
DS
SCH
ED
UL
E O
F R
EV
EN
UE
S, E
XPE
ND
ITU
RE
S, A
ND
CH
AN
GE
S IN
FU
ND
BA
LA
NC
E -
BU
DG
ET
AN
D A
CT
UA
L
For
the
Yea
r E
nded
Dec
embe
r 31
, 201
8
115
SP
EC
IAL
RE
POR
TS
SC
HED
ULE
OF
PRO
JEC
TS C
ON
STR
UC
TED
W
ITH
SPE
CIA
L SA
LES
TAX
PR
OC
EED
S
Tot
al
Tot
alA
lloca
ted
Allo
cate
d E
stim
ated
Sp
lost
Splo
st C
osts
Perc
enta
ge o
f C
osts
Adj
uste
dE
xpen
ditu
res
Com
plet
ion
Proj
ect
(Una
udite
d)(U
naud
ited)
Prio
r Y
ears
Cur
rent
Yea
rT
otal
(Una
udite
d)
1996
SPL
OST
Fir
e St
atio
ns:
Jo
hn D
aven
port
350,
000
$
41
3,13
4$
413,
134
$
-
$
41
3,13
4$
100%
W
oods
Roa
d40
0,00
0
48
4,96
8
484,
968
-
484,
968
10
0%
Wils
hire
Roa
d35
0,00
0
41
7,96
0
417,
960
-
417,
960
10
0%
Arm
uche
e45
0,00
0
52
8,15
8
528,
158
-
528,
158
10
0%
Wax
Roa
d45
0,00
0
45
0,00
0
54,3
73
-
54,3
73
12%
B
urne
tt Fe
rry
450,
000
574,
696
57
4,69
6
-
57
4,69
6
100%
2,45
0,00
0
2,
868,
916
2,47
3,28
9
-
2,
473,
289
2006
SPL
OST
Seco
nd A
venu
e Le
vee
1,95
5,00
0
2,
031,
898
2,03
1,89
8
-
2,
031,
898
100%
Boy
s/G
irls C
lub
2,00
0,00
0
2,
125,
800
2,12
5,80
0
-
2,
125,
800
100%
Nor
th F
ifth
Ave
nue
Turn
Lan
e55
0,00
0
53
5,05
7
535,
057
-
535,
057
10
0%N
orth
Bro
ad T
urn
Lane
330,
000
214,
645
21
4,64
5
-
21
4,64
5
100%
Rom
e H
igh
Acc
ess R
oad
2,90
0,00
0
1,
905,
925
1,90
5,92
5
-
1,
905,
925
100%
Bio
Solid
s Dis
posa
l5,
200,
000
5,10
2,06
0
5,
102,
060
-
5,10
2,06
0
10
0%R
enov
ate
Mar
ine
Arm
ory
1,60
0,00
0
2,
363,
838
2,36
3,83
8
-
2,
363,
838
100%
Red
mon
d R
oad
Turn
Lan
e1,
470,
000
1,61
0,57
2
1,
610,
572
-
1,61
0,57
2
10
0%Fi
re T
rain
ing
Faci
lity
500,
000
547,
555
54
7,55
5
-
54
7,55
5
100%
Turn
er M
cCal
l Brid
ge2,
000,
000
2,00
0,00
0
-
-
-
0%
Riv
er E
duca
tion
Cen
ter
834,
825
917,
605
91
7,60
5
-
91
7,60
5
100%
Sout
h B
road
Cor
ridor
2,00
0,00
0
2,
128,
347
2,12
8,34
7
-
2,
128,
347
100%
Nor
th R
ome
Swim
Cen
ter
530,
000
512,
621
51
2,62
1
-
51
2,62
1
100%
New
Ten
nis C
ourts
600,
000
702,
853
70
2,85
3
-
70
2,85
3
100%
City
Par
k Pr
actic
e Fi
elds
200,
000
174,
908
17
4,90
8
-
17
4,90
8
100%
Tow
n G
reen
1,69
0,00
0
1,
684,
818
1,68
4,81
8
-
1,
684,
818
100%
City
Hal
l/Car
negi
e R
epai
rs1,
500,
000
1,13
1,22
0
1,
131,
220
-
1,13
1,22
0
10
0%
25,8
59,8
25
25,6
89,7
22
23,6
89,7
22
-
23,6
89,7
22
cont
inue
d
CIT
Y O
F R
OM
E, G
EO
RG
IASC
HE
DU
LE
OF
PRO
JEC
TS
CO
NST
RU
CT
ED
For
the
Yea
r E
nded
Dec
embe
r 31
, 201
8W
ITH
SPE
CIA
L S
AL
ES
TA
X P
RO
CE
ED
S
116
WIT
H S
PEC
IAL
SA
LE
S T
AX
PR
OC
EE
DS
Tot
al
Tot
alA
lloca
ted
Allo
cate
d E
stim
ated
Sp
lost
Splo
st C
osts
Perc
enta
ge o
f C
osts
Adj
uste
dE
xpen
ditu
res
Com
plet
ion
Proj
ect
(Una
udite
d)(U
naud
ited)
Prio
r Y
ears
Cur
rent
Yea
rT
otal
(Una
udite
d)
2013
SPL
OST
Tenn
is C
ente
r11
,400
,000
$
11
,424
,000
$
11
,358
,984
$
64
,462
$
11
,423
,446
$
10
0%C
hulio
Hill
s Bac
k En
tranc
e fo
r Bus
80
0,00
0
80
0,00
0
59,3
87
141,
258
200,
645
25
%Tr
ail C
onne
ctiv
ity E
xpan
sion
1,
800,
000
1,80
0,00
0
84
,169
27
4,45
2
35
8,62
1
20%
Fire
Equ
ipm
ent &
Fire
Fac
ility
Impr
ovem
ents
75
0,00
0
75
0,00
0
345,
886
-
345,
886
46
%Po
lice
Trai
ning
Fac
ility
Impr
ovem
ents
39
6,00
0
39
7,33
8
397,
338
-
397,
338
10
0%C
ity H
all A
udito
rium
Mod
erni
zatio
n
1,70
0,00
0
2,
102,
320
2,10
2,32
0
-
2,
102,
320
100%
City
Stre
et M
illin
g an
d Pa
ving
50
0,00
0
50
0,00
0
445,
765
54,2
35
500,
000
10
0%U
nity
Poi
nt/S
outh
Bro
ad B
ridge
Ren
ovat
ions
1,
800,
000
1,54
2,45
8
-
-
-
0%
Jack
son
Hill
For
t Nor
ton
Ren
ovat
ion
20
0,00
0
24
5,88
3
219,
300
26,5
83
245,
883
10
0%D
ownt
own
Vis
itor I
nfor
mat
ion
Cen
ter
50,0
00
50,0
00
50,0
00
-
50,0
00
100%
Sew
er Im
prov
emen
ts
1,00
0,00
0
1,
000,
001
1,00
0,00
1
-
1,
000,
001
100%
Bur
nett
Ferr
y R
oad
2,
721,
000
2,50
5,00
0
1,
703,
172
801,
569
2,50
4,74
1
10
0%Pl
aygr
ound
Impr
ovem
ents
50
0,00
0
50
0,00
0
476,
129
1,90
9
47
8,03
8
96%
23,6
17,0
00
23,6
17,0
00
18,2
42,4
51
1,36
4,46
8
19
,606
,919
Tot
al P
roje
cts
51,9
26,8
25$
52,1
75,6
38$
44,4
05,4
62$
1,36
4,46
8$
45
,769
,930
$
Fire
Sta
tion
Ren
ovat
ions
(F
loyd
Cou
nty
SPLO
ST)
578,
604
-
578,
604
Bur
nett
Ferr
y55
,597
-
55
,597
Tot
al S
PLO
ST E
xpen
ditu
res
45,0
39,6
63$
1,36
4,46
8$
46
,404
,131
$
Rec
onci
liatio
n to
Sta
tem
ent o
f Rev
enue
s, Ex
pend
iture
s, an
d C
hang
es in
Fun
d B
alan
ces -
Gov
ernm
enta
l Fun
ds
Tota
l Exp
endi
ture
s4,
488,
868
$
Deb
t Ser
vice
Exp
endi
ture
s(3
,124
,400
)
1,36
4,46
8$
CIT
Y O
F R
OM
E, G
EO
RG
IASC
HE
DU
LE
OF
PRO
JEC
TS
CO
NST
RU
CT
ED
Dec
embe
r 31
, 201
8
Spec
ial P
urpo
se L
ocal
Opt
ion
Sale
s Tax
Fun
d
117
N
ON
MA
JOR
PR
OPR
IET
AR
Y F
UN
DS
EN
TE
RPR
ISE
FU
ND
S
Ente
rpris
e fu
nds a
re fu
nds f
inan
ced
and
oper
ated
in a
man
ner s
imila
r to
a pr
ivat
e bu
sine
ss e
nter
pris
e.
T
rans
it Fu
nd–
to a
ccou
nt fo
r all
activ
ity in
the
prov
isio
n of
tran
sit s
ervi
ces
to
the
resi
dent
s of t
he C
ity o
f Rom
e an
d Fl
oyd
Cou
nty.
Bu
ildin
g In
spec
tion
Fund
–
to a
ccou
nt fo
r the
pro
visi
on fo
r bui
ldin
g in
spec
tion
serv
ices
to
th
e C
ity o
f Rom
e an
d Fl
oyd
Cou
nty.
Sol
id W
aste
Man
agem
ent F
und–
to
acc
ount
for t
he p
rovi
sion
of s
olid
was
te c
olle
ctio
n se
rvic
es to
the
resi
dent
s of t
he C
ity.
M
unic
ipal
Gol
f Fun
d –
to
acc
ount
for t
he a
ctiv
ities
rela
ted
to th
e C
ity’s
gol
f cou
rse.
Pub
lic F
acili
ties F
und
–
to a
ccou
nt fo
r the
ope
ratin
g le
ase
and
debt
of t
he p
ublic
faci
litie
s
build
ing
hous
ing
the
Stat
e of
Geo
rgia
Dep
artm
ent o
f Fam
ily
an
d C
hild
ren
Serv
ices
. Te
nnis
Cen
ter F
und
- to
acc
ount
for t
he a
ctiv
ities
rela
ted
to th
e te
nnis
cen
ter o
pera
tions
.
Bui
ldin
gSo
lid W
aste
Mun
icip
alPu
blic
Ten
nis
Tra
nsit
Insp
ectio
nM
anag
emen
tG
olf
Faci
litie
sC
ente
rFu
ndFu
ndFu
ndFu
ndFu
ndFu
ndT
otal
ASS
ET
SC
urre
nt A
sset
s: C
ash
and
cash
equ
ival
ents
$
5
47,6
36
$
7
57,6
07
$
5
54,8
23
$
1
01,8
88
$
1,8
50,2
60
$
63
,240
$
3
,875
,454
R
estri
cted
cas
h
-
-
-
-
348
,064
-
3
48,0
64
Acc
ount
s rec
eiva
ble,
net
o
f allo
wan
ce fo
r unc
olle
ctib
les
2,7
83
-
2
67,9
95
7
85
-
3,23
3
274
,796
D
ue fr
om o
ther
gov
ernm
ents
1,1
21,3
38
-
-
-
-
5,00
0
1
,126
,338
D
ue fr
om o
ther
fund
s
144
,126
10
,145
5
,820
161
,563
265
-
3
21,9
19
Pre
paid
item
s
-
-
-
9
,167
- 4,
000
13,1
67
Inv
ento
ries
2
72,1
86
-
-
12,3
55
-
42,5
51
3
27,0
92
Tot
al c
urre
nt a
sset
s
2
,088
,069
767
,752
828
,638
285
,758
2
,198
,589
1
18,0
24
6,2
86,8
30
Non
-cur
rent
Ass
ets:
Cap
ital a
sset
s: N
on-d
epre
ciab
le a
sset
s
394
,683
-
-
4
,609
,653
550
,000
4
89,1
50
6,0
43,4
86
Dep
reci
able
ass
ets,
net o
f
a
ccum
ulat
ed d
epre
ciat
ion
2,7
79,8
83
44,7
03
8
78,9
03
1
37,4
59
1
74,7
54
11,
303,
895
1
5,31
9,59
7
Tot
al n
on-c
urre
nt a
sset
s
3
,174
,566
44
,703
878
,903
4
,747
,112
724
,754
1
1,79
3,04
5
21,
363,
083
TO
TA
L A
SSE
TS
5,2
62,6
35
8
12,4
55
1,7
07,5
41
5,0
32,8
70
2,9
23,3
43
11,
911,
069
2
7,64
9,91
3
DE
FER
RE
D O
UT
FLO
WS
OF
RE
SOU
RC
ES
Def
erre
d ch
arge
on
refu
ndin
g
-
-
- 12
0,47
2
-
-
1
20,4
72
TO
TA
L D
EFE
RR
ED
OU
TFL
OW
S O
F R
ESO
UR
CE
S
-
-
- 12
0,47
2
-
-
1
20,4
72
cont
inue
d
CIT
Y O
F R
OM
E, G
EO
RG
IAC
OM
BIN
ING
ST
AT
EM
EN
T O
F N
ET
PO
SIT
ION
Dec
embe
r 31
, 201
8N
ON
MA
JOR
PR
OPR
IET
AR
Y -
EN
TE
RPR
ISE
FU
ND
S
118
Bui
ldin
gSo
lid W
aste
Mun
icip
alPu
blic
Ten
nis
Tra
nsit
Insp
ectio
nM
anag
emen
tG
olf
Faci
litie
sC
ente
rFu
ndFu
ndFu
ndFu
ndFu
ndFu
ndT
otal
CIT
Y O
F R
OM
E, G
EO
RG
IAC
OM
BIN
ING
ST
AT
EM
EN
T O
F N
ET
PO
SIT
ION
Dec
embe
r 31
, 201
8N
ON
MA
JOR
PR
OPR
IET
AR
Y -
EN
TE
RPR
ISE
FU
ND
S
LIA
BIL
ITIE
SC
urre
nt L
iabi
litie
s: R
even
ue b
onds
, cur
rent
$
- $
- $
- $
365
,000
$
- $
-
$
3
65,0
00
Acc
ount
s pay
able
30,2
75
2,0
89
58,0
48
30,4
71
4
98
17
,034
138
,415
A
ccru
ed li
abili
ties
70,4
73
11,5
85
55,1
28
73,6
75
-
26
,659
237
,520
U
near
ned
reve
nue
-
-
-
43,7
96
11,7
29
-
55
,525
D
ue to
oth
er fu
nds
2
12,5
68
15,5
10
1
83,4
19
12
50,5
60
4
,557
466
,626
C
ompe
nsat
ed a
bsen
ces,
curr
ent
66,2
77
28,5
36
88,8
66
-
-
-
183
,679
Tot
al c
urre
nt li
abili
ties
3
79,5
93
57,7
20
3
85,4
61
5
12,9
54
62,7
87
48
,250
1
,446
,765
Lon
g-te
rm L
iabi
litie
s: R
even
ue b
onds
, lon
g-te
rm, n
et
-
-
- 2,
065,
517
-
-
2
,065
,517
A
dvan
ces d
ue to
Cap
ital F
und
-
-
5
95,8
29
-
-
-
595
,829
C
ompe
nsat
ed a
bsen
ces,
long
term
23,4
26
9,5
12
29,6
22
-
-
-
62
,560
Tot
al lo
ng-t
erm
liab
ilitie
s
23
,426
9
,512
625
,451
2
,065
,517
-
-
2,7
23,9
06
TO
TA
L L
IAB
ILIT
IES
4
03,0
19
67,2
32
1,0
10,9
12
2,5
78,4
71
62,7
87
48
,250
4
,170
,671
NE
T P
OSI
TIO
NN
et in
vest
men
t in
capi
tal a
sset
s
3
,174
,566
44
,703
878
,903
2
,437
,067
724
,754
1
1,79
3,04
5
19,
053,
038
Unr
estri
cted
1,6
85,0
50
7
00,5
20
(18
2,27
4)
137
,804
2
,135
,802
69,7
74
4,5
46,6
76
TO
TA
L N
ET
PO
SIT
ION
$
4,8
59,6
16
$
7
45,2
23
$
6
96,6
29
$
2,5
74,8
71
$
2,8
60,5
56
$
11,
862,
819
$
2
3,59
9,71
4
119
Bui
ldin
gSo
lid W
aste
Mun
icip
alPu
blic
Ten
nis
Tra
nsit
Insp
ectio
nM
anag
emen
tG
olf
Faci
litie
sC
ente
rFu
ndFu
ndFu
ndFu
ndFu
ndFu
ndT
otal
OPE
RA
TIN
G R
EV
EN
UE
S C
harg
es fo
r ser
vice
s1,
688,
522
$
1,01
7,96
7$
2,
228,
682
$
951,
700
$
13
3,08
0$
372,
844
$
6,
392,
795
$
Mis
cella
neou
s89
6
4,60
9
2,
029
23,4
84
6,65
4
-
37,6
72
TO
TA
L O
PER
AT
ING
RE
VE
NU
ES
1,68
9,41
8
1,
022,
576
2,23
0,71
1
97
5,18
4
139,
734
37
2,84
4
6,05
7,62
3
OPE
RA
TIN
G E
XPE
NSE
S C
ost o
f goo
ds so
ld-
-
-
86,6
20
-
45
,496
132,
116
S
alar
ies a
nd e
mpl
oyee
ben
efits
2,35
6,11
4
65
9,13
7
2,08
1,42
2
48
7,63
8
-
-
5,58
4,31
1
S
uppl
ies
393,
308
32
,249
26
7,51
1
109,
592
49
,287
-
851,
947
M
aint
enan
ce a
nd re
pairs
78,1
42
3,10
2
16
9,01
5
47,4
88
10,6
94
-
30
8,44
1
Ope
ratin
g se
rvic
es a
nd c
harg
es56
2,98
2
46,2
13
647,
432
31
0,74
7
60,0
61
755,
194
2,38
2,62
9
D
epre
ciat
ion
643,
215
17
,023
42
1,16
4
48,9
33
209,
704
25
6,89
31,
596,
932
TO
TA
L O
PER
AT
ING
EX
PEN
SES
4,03
3,76
1
75
7,72
4
3,58
6,54
4
1,
091,
018
329,
746
1,
057,
583
10,8
56,3
76
OPE
RA
TIN
G IN
CO
ME
(LO
SS)
(2,3
44,3
43)
26
4,85
2
(1,3
55,8
33)
(1
15,8
34)
(190
,012
)
(6
84,7
39)
(4,4
25,9
09)
NO
N-O
PER
AT
ING
INC
OM
E (E
XPE
NSE
) I
nter
gove
rnm
enta
l89
9,45
0
45,6
18
-
-
-
-
945,
068
I
nter
est i
ncom
e11
,828
6,
073
4,02
2
1,
065
26,6
21
305
49,9
14
Int
eres
t exp
ense
-
-
(12,
403)
(1
04,6
90)
-
-
(117
,093
)
G
ain
(loss
) on
sale
of c
apita
l ass
ets
7,40
3
3,
261
(2,6
72)
143
-
-
8,
135
TO
TA
L N
ON
-OPE
RA
TIN
G IN
CO
ME
(EX
PEN
SE)
918,
681
54
,952
(1
1,05
3)
(103
,482
)
26
,621
30
5
886,
024
INC
OM
E (L
OSS
) BE
FOR
E T
RA
NSF
ER
S A
ND
CA
PIT
AL
CO
NT
RIB
UT
ION
S(1
,425
,662
)
319,
804
(1
,366
,886
)
(219
,316
)
(1
63,3
91)
(684
,434
)
(3
,539
,885
)
cont
inue
d
For
the
Yea
r E
nded
Dec
embe
r 31
, 201
8
CIT
Y O
F R
OM
E, G
EO
RG
IAC
OM
BIN
ING
ST
AT
EM
EN
T O
F R
EV
EN
UE
S,E
XPE
NSE
S, A
ND
CH
AN
GE
S IN
FU
ND
NE
T P
OSI
TIO
NN
ON
MA
JOR
PR
OPR
IET
AR
Y -
EN
TE
RPR
ISE
FU
ND
S
120
Bui
ldin
gSo
lid W
aste
Mun
icip
alPu
blic
Ten
nis
Tra
nsit
Insp
ectio
nM
anag
emen
tG
olf
Faci
litie
sC
ente
rFu
ndFu
ndFu
ndFu
ndFu
ndFu
ndT
otal
For
the
Yea
r E
nded
Dec
embe
r 31
, 201
8
CIT
Y O
F R
OM
E, G
EO
RG
IAC
OM
BIN
ING
ST
AT
EM
EN
T O
F R
EV
EN
UE
S,E
XPE
NSE
S, A
ND
CH
AN
GE
S IN
FU
ND
NE
T P
OSI
TIO
NN
ON
MA
JOR
PR
OPR
IET
AR
Y -
EN
TE
RPR
ISE
FU
ND
S
Tra
nsfe
rs in
497,
313
$
-
$
1,
430,
000
$
565,
000
$
-
$
35
9,81
8$
2,85
2,13
1$
T
rans
fers
out
(341
,827
)
(7
5,21
4)
(234
,498
)
-
-
(4
2,90
0)
(694
,439
)
C
apita
l con
tribu
tions
1,24
1,65
0
-
-
-
-
55
,761
1,29
7,41
1
1,
397,
136
(75,
214)
1,
195,
502
565,
000
-
372,
679
3,
455,
103
CH
AN
GE
IN N
ET
PO
SIT
ION
(28,
526)
24
4,59
0
(171
,384
)
34
5,68
4
(163
,391
)
(3
11,7
55)
(84,
782)
NE
T P
OSI
TIO
N -
BE
GIN
NIN
G O
F Y
EA
R4,
888,
142
500,
633
86
8,01
3
2,22
9,18
7
3,
023,
947
12,1
74,5
74
23,6
84,4
96
NE
T P
OSI
TIO
N -
EN
D O
F Y
EA
R4,
859,
616
$
745,
223
$
69
6,62
9$
2,57
4,87
1$
2,
860,
556
$
11,8
62,8
19$
23,5
99,7
14$
121
Bui
ldin
gSo
lid W
aste
Mun
icip
alPu
blic
T
enni
sT
rans
itIn
spec
tion
Man
agem
ent
Gol
fFa
cilit
ies
Cen
ter
Fund
Fund
Fund
Fund
Fund
Fund
Tot
alC
ASH
FL
OW
S FR
OM
OPE
RA
TIN
G A
CT
IVIT
IES
R
ecei
pts f
rom
cus
tom
ers a
nd u
sers
715,
118
$
1,
022,
576
$
2,24
1,77
3$
97
3,52
7$
139,
903
$
41
7,40
0$
5,51
0,29
7$
Rec
eipt
s fro
m in
terf
und
serv
ices
pro
vide
d12
2,13
6
4,01
6
68
,656
40
,050
18
,557
2,
495
255,
910
Paym
ents
to su
pplie
rs(9
98,3
54)
(83,
058)
(1
,069
,540
)
(573
,999
)
(1
22,4
31)
(793
,648
)
(3
,641
,030
)
Pa
ymen
ts to
em
ploy
ees
(2,3
58,4
34)
(6
49,9
61)
(2,0
68,9
35)
(4
87,6
38)
-
-
(5,5
64,9
68)
N
et c
ash
prov
ided
(use
d) b
y (2
,519
,534
)
293,
573
(8
28,0
46)
(48,
060)
36
,029
(3
73,7
53)
(3,4
39,7
91)
oper
atin
g ac
tiviti
es
CA
SH F
LO
WS
FRO
M N
ON
CA
PIT
AL
FIN
AN
CIN
G A
CT
IVIT
IES
Tr
ansf
er fr
om o
ther
fund
s49
7,31
3
-
1,43
0,00
0
56
5,00
0
-
359,
818
2,
852,
131
Tr
ansf
er to
oth
er fu
nds
(341
,827
)
(7
5,21
4)
(234
,498
)
-
-
(4
2,90
0)
(694
,439
)
Adv
ance
s fro
m o
ther
fund
s-
-
12
8,51
4
-
-
-
128,
514
Rep
aym
ent o
f adv
ance
s fro
m o
ther
fund
s-
-
(3
13,4
50)
-
-
-
(313
,450
)
Inte
rgov
ernm
enta
l rev
enue
-
45,6
18
-
-
-
-
45,6
18
Su
bsid
y fr
om fe
dera
l gra
nt89
9,45
0
-
-
-
-
-
899,
450
Net
cas
h pr
ovid
ed (u
sed)
by
nonc
apita
l
fi
nanc
ing
activ
ities
1,05
4,93
6
(2
9,59
6)
1,01
0,56
6
56
5,00
0
-
316,
918
2,
917,
824
CA
SH F
LO
WS
FRO
M C
API
TA
L A
ND
RE
LA
TE
D F
INA
NC
ING
AC
TIV
ITIE
S
Cap
ital c
ontri
butio
ns1,
241,
650
-
-
-
-
-
1,24
1,65
0
Purc
hase
s of c
apita
l ass
ets
(822
,928
)
-
(1
55,8
46)
144
-
-
(9
78,6
30)
Pr
ocee
ds fr
om th
e sa
le o
f cap
ital a
sset
s7,
403
3,26
1
-
-
-
-
10
,664
Prin
cipa
l pai
d on
cap
ital d
ebt
-
-
-
(350
,000
)
-
-
(3
50,0
00)
In
tere
st p
aid
on c
apita
l deb
t-
-
(1
2,40
3)
(104
,690
)
-
-
(1
17,0
93)
N
et c
ash
prov
ided
(use
d) b
y ca
pita
l
a
nd re
late
d fin
anci
ng a
ctiv
ities
426,
125
3,
261
(168
,249
)
(4
54,5
46)
-
-
(193
,409
)
cont
inue
d
CIT
Y O
F R
OM
E, G
EO
RG
IAC
OM
BIN
ING
ST
AT
EM
EN
T O
F C
ASH
FL
OW
SN
ON
MA
JOR
PR
OPR
IET
AR
Y -
EN
TE
RPR
ISE
FU
ND
SFo
r th
e Y
ear
End
ed D
ecem
ber
31, 2
018
122
Bui
ldin
gSo
lid W
aste
Mun
icip
alPu
blic
T
enni
sT
rans
itIn
spec
tion
Man
agem
ent
Gol
fFa
cilit
ies
Cen
ter
Fund
Fund
Fund
Fund
Fund
Fund
Tot
al
CIT
Y O
F R
OM
E, G
EO
RG
IAC
OM
BIN
ING
ST
AT
EM
EN
T O
F C
ASH
FL
OW
SN
ON
MA
JOR
PR
OPR
IET
AR
Y -
EN
TE
RPR
ISE
FU
ND
SFo
r th
e Y
ear
End
ed D
ecem
ber
31, 2
018
CA
SH F
LO
WS
FRO
M IN
VE
STIN
G
AC
TIV
ITIE
S
Inte
rest
rece
ived
11,8
28$
6,07
3$
4,
022
$
1,06
5$
26
,621
$
30
5$
49,9
14$
N
et c
ash
prov
ided
by
inve
stin
g ac
tiviti
es11
,828
6,
073
4,02
2
1,
065
26,6
21
305
49
,914
N
et in
crea
se (d
ecre
ase)
in c
ash
and
cash
equ
ival
ents
(1,0
26,6
45)
27
3,31
1
18,2
93
63,4
59
62,6
50
(56,
530)
(6
65,4
62)
C
ash
and
cash
equ
ival
ents
, Jan
uary
11,
574,
281
484,
296
53
6,53
0
38,4
29
2,13
5,67
4
11
9,77
0
4,88
8,98
0
C
ash
and
cash
equ
ival
ents
, Dec
embe
r 31
547,
636
$
75
7,60
7$
554,
823
$
10
1,88
8$
2,19
8,32
4$
63
,240
$
4,
223,
518
$
Rec
onci
liatio
n of
Cas
h an
d C
ash
Equ
ival
ents
:
Cas
h an
d ca
sh e
quiv
alen
ts54
7,63
6$
757,
607
$
55
4,82
3$
101,
888
$
1,
850,
260
$
63,2
40$
3,87
5,45
4$
Cas
h an
d ca
sh e
quiv
alen
ts -
rest
ricte
d-
-
-
-
34
8,06
4
-
348,
064
To
tal c
ash
and
cash
equ
ival
ents
547,
636
$
75
7,60
7$
554,
823
$
10
1,88
8$
2,19
8,32
4$
63
,240
$
4,
223,
518
$
co
ntin
ued
123
Bui
ldin
gSo
lid W
aste
Mun
icip
alPu
blic
T
enni
sT
rans
itIn
spec
tion
Man
agem
ent
Gol
fFa
cilit
ies
Cen
ter
Fund
Fund
Fund
Fund
Fund
Fund
Tot
al
CIT
Y O
F R
OM
E, G
EO
RG
IAC
OM
BIN
ING
ST
AT
EM
EN
T O
F C
ASH
FL
OW
SN
ON
MA
JOR
PR
OPR
IET
AR
Y -
EN
TE
RPR
ISE
FU
ND
SFo
r th
e Y
ear
End
ed D
ecem
ber
31, 2
018
Rec
onci
liatio
n of
ope
ratin
g in
com
e (lo
ss)
to
net
cas
h pr
ovid
ed (u
sed)
by
oper
atin
g
activ
ities
:
Ope
ratin
g in
com
e (lo
ss)
(2,3
44,3
43)
$
26
4,85
2$
(1,3
55,8
33)
$
(1
15,8
34)
$
(190
,012
)$
(6
84,7
39)
$
(4,4
25,9
09)
$
Adj
ustm
ents
to re
conc
ile o
pera
ting
i
ncom
e (lo
ss) t
o ne
t cas
h pr
ovid
ed (u
sed)
b
y op
erat
ing
activ
ities
:
Dep
reci
atio
n ex
pens
e64
3,21
5
17,0
23
421,
164
48
,933
20
9,70
4
256,
893
1,
596,
932
A
mor
tizat
ion
expe
nse
-
-
-
7,83
5
-
-
7,
835
(
Incr
ease
) dec
reas
e in
acc
ount
s rec
eiva
ble
(2,7
83)
-
11,0
62
(785
)
-
16,8
52
24,3
46
(
Incr
ease
) dec
reas
e in
due
from
oth
er g
over
nmen
ts(9
71,5
17)
-
-
-
-
27,7
04
(943
,813
)
(In
crea
se) d
ecre
ase
in d
ue fr
om o
ther
fund
s(7
6,97
6)
(6,1
34)
(5,8
20)
39,9
88
(265
)
-
(49,
207)
Inc
reas
e in
due
from
com
pone
nt u
nit
-
-
-
(2,3
50)
-
-
(2,3
50)
I
ncre
ase
in p
repa
id it
ems
-
-
-
-
-
(4,0
00)
(4,0
00)
(
Incr
ease
) dec
reas
e in
inve
ntor
ies
(1,5
16)
-
-
(4,3
74)
-
3,01
3
(2
,877
)
Inc
reas
e (d
ecre
ase)
in a
ccou
nts
paya
ble
and
accr
ued
liabi
litie
s37
,594
3,
126
14,4
18
(20,
613)
(2
,389
)
8,
029
40,1
65
(
Incr
ease
) dec
reas
e in
com
pens
ated
abs
ence
s pay
able
(2,3
20)
9,17
6
12
,487
-
-
-
19
,343
(In
crea
se) d
ecre
ase
in u
near
ned
reve
nue
-
-
-
(872
)
169
-
(7
03)
Dec
reas
e in
due
to o
ther
gov
ernm
ents
-
(4,6
20)
-
-
-
-
(4,6
20)
Incr
ease
in d
ue to
oth
er fu
nds
199,
443
10
,150
74
,476
12
18,8
22
2,49
5
30
5,39
8
Dec
reas
e in
due
to c
ompo
nent
uni
t(3
31)
-
-
-
-
-
(3
31)
To
tal a
djus
tmen
ts(1
75,1
91)
28,7
21
527,
787
67
,774
22
6,04
1
310,
986
98
6,11
8
Net
cas
h pr
ovid
ed (u
sed)
by
oper
atin
g ac
tiviti
es(2
,519
,534
)$
293,
573
$
(8
28,0
46)
$
(48,
060)
$
36
,029
$
(3
73,7
53)
$
(3,4
39,7
91)
$
Sche
dule
of n
onca
sh c
apita
l and
rel
ated
fina
ncin
g ac
tiviti
es:
Cap
ital c
ontri
butio
ns-
$
-
$
-
$
-
$
-
$
55
,761
$
55
,761
$
124
INT
ER
NA
L S
ER
VIC
E F
UN
DS
In
tern
al S
ervi
ce F
unds
are
use
d to
acc
ount
for t
he fi
nanc
ing
of g
oods
or s
ervi
ces p
rovi
ded
by o
ne d
epar
tmen
t to
othe
r dep
artm
ents
or a
genc
ies o
n a
cost
-rei
mbu
rsed
bas
is.
Hea
lth In
sura
nce
Fund
–
to
acc
ount
for a
ll re
venu
es a
nd e
xpen
ses r
elat
ed to
gro
up
he
alth
and
life
ben
efits
for e
mpl
oyee
s of t
he C
ity.
Wor
kers
’ Com
pens
atio
n Fu
nd –
t
o ac
coun
t for
all
reve
nues
and
exp
ense
s rel
ated
to
wor
kers
’ com
pens
atio
n cl
aim
s for
the
City
.
Hea
lthW
orke
rs'
Insu
ranc
eC
ompe
nsat
ion
Fund
Fund
Tot
alA
SSE
TS
Cur
rent
ass
ets:
Cas
h an
d ca
sh e
quiv
alen
ts2,
541,
063
$
1,56
0,93
8$
4,
102,
001
$
Acc
ount
s rec
eiva
ble,
net
170
-
170
Due
from
oth
er fu
nds
344,
071
-
34
4,07
1
Due
from
oth
er g
over
nmen
ts-
10
9,43
9
109,
439
D
ue fr
om c
ompo
nent
uni
t7,
786
-
7,
786
Pr
epai
d ite
ms
5,10
5-
5,
105
Tot
al c
urre
nt a
sset
s:2,
898,
195
1,67
0,37
74,
568,
572
Non
-cur
rent
ass
ets:
Adv
ance
s due
from
oth
er fu
nds
601,
752
-
601,
752
Tot
al n
on-c
urre
nt a
sset
s:60
1,75
2-
60
1,75
2
TO
TA
L A
SSE
TS
3,49
9,94
7
1,
670,
377
5,17
0,32
4
LIA
BIL
ITIE
SC
urre
nt L
iabi
litie
sA
ccou
nts p
ayab
le14
,047
49,4
48
63
,495
Acc
rued
liab
ilitie
s1,
927
-
1,
927
D
ue to
oth
er fu
nds
133
-
133
Cla
ims p
ayab
le42
5,00
0
250,
000
67
5,00
0
TO
TA
L L
IAB
ILIT
IES
441,
107
29
9,44
8
740,
555
NE
T P
OSI
TIO
NU
nres
trict
ed3,
058,
840
1,37
0,92
9
4,
429,
769
TO
TA
L N
ET
PO
SIT
ION
3,05
8,84
0$
1,
370,
929
$
4,42
9,76
9$
CIT
Y O
F R
OM
E, G
EO
RG
IAC
OM
BIN
ING
ST
AT
EM
EN
T O
F N
ET
PO
SIT
ION
Dec
embe
r 31
, 201
8IN
TE
RN
AL
SE
RV
ICE
FU
ND
S
125
Hea
lthW
orke
rs'
Insu
ranc
eC
ompe
nsat
ion
Fund
Fund
Tot
alO
PER
AT
ING
RE
VE
NU
ES
Cha
rges
for s
ervi
ces
6,81
5,72
7$
1,
370,
604
$
8,18
6,33
1$
TO
TA
L O
PER
AT
ING
RE
VE
NU
ES
6,81
5,72
7
1,
370,
604
8,18
6,33
1
OPE
RA
TIN
G E
XPE
NSE
S S
alar
ies a
nd e
mpl
oyee
ben
efits
107,
393
-
10
7,39
3
Oth
er se
rvic
es a
nd c
harg
es98
8,42
9
656,
517
1,
644,
946
Cla
ims
4,67
6,82
2
44
2,42
8
5,11
9,25
0
A
dmin
istra
tive
fees
324,
931
31,9
5035
6,88
1
TO
TA
L O
PER
AT
ING
EX
PEN
SES
6,09
7,57
5
1,
130,
895
7,22
8,47
0
OPE
RA
TIN
G IN
CO
ME
718,
152
23
9,70
9
957,
861
NO
N-O
PER
AT
ING
INC
OM
E I
nter
gove
rnm
enta
l -
19
2,03
619
2,03
6
Int
eres
t inc
ome
53,4
13
14
,336
67,7
49
C
HA
NG
E IN
NE
T P
OSI
TIO
N77
1,56
5
446,
081
1,
217,
646
NE
T P
OSI
TIO
N -
BE
GIN
NIN
G O
F Y
EA
R2,
287,
275
924,
848
3,
212,
123
NE
T P
OSI
TIO
N -
EN
D O
F Y
EA
R3,
058,
840
$
1,37
0,92
9$
4,
429,
769
$
CIT
Y O
F R
OM
E, G
EO
RG
IAC
OM
BIN
ING
ST
AT
EM
EN
T O
F R
EV
EN
UE
S,E
XPE
NSE
S, A
ND
CH
AN
GE
S IN
FU
ND
NE
T P
OSI
TIO
NIN
TE
RN
AL
SE
RV
ICE
FU
ND
SFo
r th
e Y
ear
End
ed D
ecem
ber
31, 2
018
126
Hea
lth
Wor
kers
'In
sura
nce
Com
pens
atio
nFu
ndFu
ndT
otal
CA
SH F
LO
WS
FRO
M O
PER
AT
ING
AC
TIV
ITIE
S
Rec
eipt
s fro
m c
usto
mer
s and
use
rs $
6,
816,
283
$
1,31
4,57
7 $
8,
130,
860
Pa
ymen
ts fo
r int
erfu
nd se
rvic
es p
rovi
ded
(142
,813
)
-
(1
42,8
13)
Pa
ymen
ts to
supp
liers
(1
,327
,541
)
(6
52,0
13)
(1
,979
,554
)
Paym
ents
to e
mpl
oyee
s
(1
07,3
93)
-
(107
,393
)
Cla
ims p
aid
(4
,751
,822
)
(4
67,4
28)
(5
,219
,250
)
N
et c
ash
prov
ided
by
oper
atin
g ac
tiviti
es
486,
714
19
5,13
6
681,
850
CA
SH F
LO
WS
FRO
M C
API
TA
L F
INA
NC
ING
AC
TIV
ITIE
S
Rep
aym
ent o
f adv
ance
s to
othe
r fun
ds
150,
000
-
15
0,00
0 N
et c
ash
prov
ided
by
capi
tal f
inan
cing
act
iviti
es
150,
000
-
15
0,00
0
CA
SH F
LO
WS
FRO
M N
ON
-CA
PIT
AL
FIN
AN
CIN
G A
CT
IVIT
IES
In
terg
over
nmen
tal r
even
ue
-
192,
036
19
2,03
6 N
et c
ash
prov
ided
by
non
capi
tal f
inan
cing
act
iviti
es
-
192,
036
19
2,03
6
CA
SH F
LO
WS
FRO
M IN
VE
STIN
G A
CT
IVIT
IES
In
tere
st re
ceiv
ed
53,
413
1
4,33
6
67,
749
Net
cas
h pr
ovid
ed b
y in
vest
ing
activ
ities
5
3,41
3
14,
336
6
7,74
9
N
et in
crea
se in
cas
h an
d ca
sh e
quiv
alen
ts
690,
127
40
1,50
8
1,
091,
635
C
ash
and
cash
equ
ival
ents
, Jan
uary
1
1,
850,
936
1,15
9,43
0
3,
010,
366
C
ash
and
cash
equ
ival
ents
, Dec
embe
r 31
$
2,54
1,06
3 $
1,
560,
938
$
4,10
2,00
1
Rec
onci
liatio
n of
ope
ratin
g in
com
e to
net
cas
h pr
ovid
ed b
y op
erat
ing
activ
ities
O
pera
ting
inco
me
$
71
8,15
2 $
239,
709
$
95
7,86
1
Adj
ustm
ents
to re
conc
ile o
pera
ting
i
ncom
e to
net
cas
h pr
ovid
ed
by
oper
atin
g ac
tiviti
es:
D
ecre
ase
in a
ccou
nts r
ecei
vabl
e
556
-
556
(In
crea
se) d
ecre
ase
in d
ue fr
om o
ther
fund
s
(1
30,7
21)
1
2,22
5
(1
18,4
96)
I
ncre
ase
in d
ue fr
om o
ther
gov
ernm
ents
-
(6
8,25
2)
(68,
252)
I
ncre
ase
(dec
reas
e) in
acc
ount
s and
cla
ims p
ayab
le
(89,
181)
1
1,45
4
(77,
727)
D
ecre
ase
in d
ue to
oth
er fu
nds
(1
2,09
2)
-
(12,
092)
Tota
l adj
ustm
ents
(231
,438
)
(44,
573)
(276
,011
)N
et c
ash
prov
ided
by
oper
atin
g ac
tiviti
es $
486,
714
$
19
5,13
6 $
681,
850
CIT
Y O
F R
OM
E, G
EO
RG
IAC
OM
BIN
ING
ST
AT
EM
EN
T O
F C
ASH
FL
OW
SIN
TE
RN
AL
SE
RV
ICE
FU
ND
SFo
r th
e Y
ear
End
ed D
ecem
ber
31, 2
018
127
CO
MPO
NE
NT
UN
IT
GR
EA
TE
R R
OM
E C
ON
VE
NT
ION
& V
ISIT
OR
S B
UR
EA
U
Gre
ater
Rom
e C
onve
ntio
n &
Vis
itors
Bur
eau
– t
o ac
coun
t for
the
activ
ities
ass
ocia
ted
with
the
prom
otio
n of
tour
ism
and
c
onve
ntio
ns fo
r the
City
of R
ome.
Gre
ater
Rom
eC
onve
ntio
n &
V
isito
rs B
urea
uA
SSE
TS
Cas
h $
13
1,14
8 A
ccou
nts R
ecei
vabl
e, n
et o
f allo
wan
ce
4,8
32
Due
from
oth
er g
over
nmen
ts
1
2,16
5 D
ue fr
om p
rimar
y go
vern
men
t
2
2,86
7
Tot
al a
sset
s $
17
1,01
2
LIA
BIL
ITIE
S A
ND
FU
ND
BA
LA
NC
E
LIA
BIL
ITIE
S
Acc
ount
s pay
able
$
12,
772
Acc
rued
liab
ilitie
s
9,7
77
Due
to p
rimar
y go
vern
men
t
9,4
30
T
otal
liab
ilitie
s
3
1,97
9
FUN
D B
AL
AN
CE
Unr
estri
cted
139,
033
T
otal
fund
bal
ance
139,
033
TO
TA
L L
IAB
ILIT
IES
AN
D F
UN
D
$
171,
012
CIT
Y O
F R
OM
E, G
EO
RG
IAB
AL
AN
CE
SH
EE
T
CO
MPO
NE
NT
UN
IT- G
RE
AT
ER
RO
ME
CO
NV
EN
TIO
N &
VIS
ITO
RS
BU
RE
AU
D
ecem
ber
31, 2
018
128
Gre
ater
Rom
eC
onve
ntio
n &
Vis
itors
Vis
itors
Bur
eau
RE
VE
NU
ES
Int
ergo
vern
men
tal
655,
715
$
Cha
rges
for s
ervi
ces
32,2
64 C
ontri
butio
ns10
8,60
2
TO
TA
L R
EV
EN
UE
S79
6,58
1
EX
PEN
DIT
UR
ES
Per
sona
l ser
vice
s44
9,86
8
S
uppl
ies
32,0
53 O
ther
serv
ices
and
cha
rges
283,
350
TO
TA
L E
XPE
ND
ITU
RE
S76
5,27
1
NE
T C
HA
NG
E IN
FU
ND
BA
LA
NC
E31
,310
FUN
D B
AL
AN
CE
- B
EG
INN
ING
OF
YE
AR
107,
723
FUN
D B
AL
AN
CE
- E
ND
OF
YE
AR
139,
033
$
CO
MPO
NE
NT
UN
IT- G
RE
AT
ER
RO
ME
CO
NV
EN
TIO
N &
VIS
ITO
RS
BU
RE
AU
Fo
r th
e Y
ear
End
ed D
ecem
ber
31, 2
018
CIT
Y O
F R
OM
E, G
EO
RG
IAST
AT
EM
EN
T O
F R
EV
EN
UE
S, E
XPE
ND
ITU
RE
S, A
ND
CH
AN
GE
S IN
FU
ND
BA
LA
NC
E
129
STA
TIS
TIC
AL
SE
CT
ION
This
par
t of t
he C
ity o
f Rom
e’s c
ompr
ehen
sive
ann
ual f
inan
cial
repo
rt pr
esen
ts d
etai
led
info
rmat
ion
as a
con
text
fo
r und
erst
andi
ng w
hat t
he in
form
atio
n in
the
finan
cial
stat
emen
ts, n
otes
dis
clos
ures
, and
requ
ired
supp
lem
enta
ry
info
rmat
ion
says
abo
ut th
e go
vern
men
t’s o
vera
ll fin
anci
al h
ealth
. Fi
nanc
ial T
rend
s -
Thes
e sc
hedu
les
cont
ain
trend
inf
orm
atio
n to
hel
p th
e re
ader
un
ders
tand
how
the
gov
ernm
ent’s
fin
anci
al p
erfo
rman
ce a
nd
wel
l-bei
ng h
ave
chan
ged
over
tim
e.
Reve
nue
Cap
acity
- Th
ese
sche
dule
s co
ntai
n in
form
atio
n to
hel
p th
e re
ader
ass
ess
the
gove
rnm
ent’s
mos
t si
gnifi
cant
loc
al r
even
ue s
ourc
e, t
he
prop
erty
tax.
D
ebt C
apac
ity -
Thes
e sc
hedu
les
pres
ent
info
rmat
ion
to h
elp
the
read
er a
sses
s th
e af
ford
abili
ty
of
the
gove
rnm
ent’s
cu
rren
t le
vels
of
ou
tsta
ndin
g de
bt
and
the
gove
rnm
ent’s
ab
ility
to
is
sue
addi
tiona
l deb
t in
the
futu
re.
Dem
ogra
phic
and
Eco
nom
ic In
form
atio
n -
Thes
e sc
hedu
les
offe
r dem
ogra
phic
and
eco
nom
ic in
dica
tors
to
help
the
rea
der
unde
rsta
nd t
he e
nviro
nmen
t w
ithin
whi
ch t
he
gove
rnm
ent’s
fina
ncia
l act
iviti
es ta
ke p
lace
. O
pera
ting
Info
rmat
ion
- Th
ese
sche
dule
s co
ntai
n se
rvic
e an
d in
fras
truct
ure
data
to h
elp
the
read
er u
nder
stan
d ho
w th
e in
form
atio
n in
the
gove
rnm
ent’s
fin
anci
al re
port
rela
tes
to th
e se
rvic
es th
e go
vern
men
t pro
vide
s an
d th
e ac
tiviti
es it
per
form
s. So
urce
s: U
nles
s oth
erw
ise
note
d, th
e in
form
atio
n in
thes
e sc
hedu
les i
s der
ived
from
the
com
preh
ensi
ve a
nnua
l fin
anci
al re
ports
for t
he re
leva
nt y
ear.
2009
2010
2011
2012
2013
2014
2015
20
1620
1720
18G
over
nmen
tal a
ctiv
ities
Net
inve
stm
ent i
n ca
pita
l ass
ets
10
9,79
3$
11
7,29
3$
125,
089
$
12
4,85
9$
122,
991
$
13
2,20
7$
13
7,04
1$
12
7,67
4$
13
4,59
4$
14
1,66
1$
Res
trict
ed74
5
74
1
3,25
5
3,
696
3,45
9
5,
986
20
,178
14
,192
14
,147
15
,727
Unr
estri
cted
20,0
75
19
,618
16,2
51
15
,538
16,6
36
16,4
23
(16,
833)
(4,2
32)
(1
5,66
4)
(1
7,81
5)
Tota
l gov
ernm
enta
l act
iviti
es n
et p
ositi
on13
0,61
3$
13
7,65
2$
144,
595
$
14
4,09
3$
143,
086
$
15
4,61
6$
14
0,38
6$
13
7,63
4$
13
3,07
7$
13
9,57
3$
Bus
ines
s - ty
pe a
ctiv
ities
Net
inve
stm
ent i
n ca
pita
l ass
ets
12
0,30
3$
12
2,95
1$
128,
164
$
13
1,76
4$
134,
833
$
13
6,59
0$
13
9,46
6$
15
2,42
2$
15
5,27
9$
15
7,53
6$
Res
trict
ed
355
368
37
2
377
94
2
698
1,57
2
1,08
2
1,02
5
786
U
nres
trict
ed
2,12
3
5,01
1
5,
957
7,03
1
7,
829
12,7
24
16,3
06
21,9
80
25,1
10
29,4
99
To
tal b
usin
ess -
type
act
iviti
es n
et p
ositi
on12
2,78
1$
12
8,33
0$
134,
493
$
13
9,17
2$
143,
604
$
15
0,01
2$
15
7,34
4$
17
5,48
4$
18
1,41
4$
18
7,82
1$
Prim
ary
gove
rnm
ent
Net
inve
stm
ent i
n ca
pita
l ass
ets
23
0,09
6$
24
0,24
4$
253,
253
$
25
6,62
3$
257,
824
$
26
8,79
7$
27
6,50
7$
28
0,09
6$
28
9,87
3$
29
9,19
7$
Res
trict
ed
1,10
0
1,10
9
3,
627
4,07
3
4,
401
6,68
4
21,7
50
15,2
74
15,1
72
16,5
13
U
nres
trict
ed
22,1
98
24
,629
22,2
08
22
,569
24,4
65
29,1
47
(527
)
17
,748
9,
446
11
,684
Tota
l prim
ary
gove
rnm
ent n
et p
ositi
on
253,
394
$
265,
982
$
27
9,08
8$
283,
265
$
28
6,69
0$
304,
628
$
297,
730
$
313,
118
$
314,
491
$
327,
394
$
Fisc
al Y
ear
City
of R
ome,
Geo
rgia
Net
Pos
ition
by
Com
pone
ntL
ast T
en F
isca
l Yea
rs(a
ccru
al b
asis
of a
ccou
ntin
g)(a
mou
nts e
xpre
ssed
in th
ousa
nds)
130
2009
20
1020
1120
1220
13
2014
2015
2016
2017
2018
Ex p
ense
s:G
over
nmen
tal a
ctiv
ities
:G
ener
al g
over
nmen
t3,
459
$
3,
726
$
4,
504
$
3,
651
$
3,
701
$
4,
037
$
5,
643
$
7,
475
$
7,
349
$
11
,044
$
Publ
ic sa
fety
8,33
0
7,65
9
7,16
7
7,39
37,
546
7,
706
7,
850
7,
637
7,
988
7,
968
Pu
blic
Wor
ks9,
902
8,
881
10
,441
10
,850
11,7
81
10,7
31
10,6
26
4,16
4
4,20
8
6,42
2
Publ
ic F
acili
ties
1,25
9
1,38
1
1,41
9
1,91
61,
516
1,
589
1,
356
1,
432
1,
509
1,
593
Pu
blic
Ser
vice
s44
7
39
7
51
4
43
144
8
46
8
44
9
42
4
52
9
51
0
C
omm
unity
Dev
elop
men
t1,
088
1,
759
1,
315
1,
217
2,11
3
1,13
6
1,07
9
1,09
5
1,30
4
6,04
2
Educ
atio
n1,
183
1,
185
1,
275
1,
466
1,46
3
1,45
8
1,42
5
1,68
2
1,72
2
1,91
9
Inte
rest
on
debt
369
241
153
274
538
474
933
520
454
517
Tota
l gov
ernm
enta
l act
iviti
es e
xpen
ses
26,0
37
25,2
29
26,7
88
27,1
98
29,1
0627
,599
29,3
6124
,429
25,0
6336
,015
Bus
ines
s - ty
pe a
ctiv
ities
:W
ater
and
Sew
er17
,631
17
,279
18
,187
18
,156
17,5
01
17,8
52
17,2
20
17,4
15
17,6
20
17
,427
Fire
10,2
47
10,2
49
10,6
45
12,7
4811
,959
11
,500
11
,167
11
,068
11
,295
11,3
02
So
lid W
aste
Com
mis
sion
2,46
6
1,98
8
2,07
6
3,09
31,
899
2,
267
1,
483
2,
214
2,
287
2,
791
Tr
ansi
t2,
970
3,
092
3,
120
3,
589
3,73
4
3,46
4
3,57
4
3,53
1
3,84
4
4,03
4
Bui
ldin
g In
spec
tion
774
839
853
782
755
690
624
687
759
758
Solid
Was
te M
anag
emen
t3,
463
3,
304
3,
503
3,
551
3,49
5
3,51
3
3,35
3
3,33
9
3,55
7
3,59
9
Mun
icip
al G
olf F
und
1,29
4
1,25
6
1,15
8
1,16
31,
242
1,
309
1,
250
1,
266
1,
250
1,
196
Pu
blic
Fac
ilitie
s40
8
39
4
46
0
38
836
4
31
9
32
4
33
3
33
2
33
0
Te
nnis
Cen
ter
-
-
-
-
-
1
8
55
3
1,
073
1,
057
To
tal b
usin
ess -
type
act
iviti
es e
xpen
ses
39,2
53
38,4
01
40,0
02
43,4
70
40,9
4940
,915
39
,003
40
,406
42
,017
42,4
94
To
tal p
rimar
y go
vern
men
t exp
ense
s65
,290
$
63
,630
$
66
,790
$
70
,668
$
70
,055
$
68
,514
$
68
,364
$
64
,835
$
67
,080
$
78,5
09$
Pro g
ram
Rev
enue
sG
over
nmen
tal a
ctiv
ities
:C
harg
es fo
r ser
vice
s:G
ener
al G
over
nmen
t1,
879
$
1,
880
$
1,
992
$
2,
063
$
2,
078
$
2,
191
$
2,
270
$
2,
413
$
2,
421
$
2,
406
$
Pu
blic
Saf
ety
1,66
7
1,58
1
1,30
2
1,24
4
1,35
8
1,17
6
1,26
0
1,21
9
1,12
9
887
Com
mun
ity D
evel
opm
ent
258
258
122
131
134
117
117
149
147
148
Ope
ratin
g gr
ants
and
con
tribu
tions
1,12
3
711
881
871
943
862
707
849
1,08
9
663
Cap
ital g
rant
s and
con
tribu
tions
7,58
0
11,2
59
14,2
01
7,05
4
6,55
6
16,6
62
13,8
86
6,58
9
6,75
2
13,2
83
To
tal g
over
nmen
tal a
ctiv
ities
pro
gram
reve
nues
12,5
07
15,6
89
18,4
98
11,3
63
11,0
69
21,0
08
18,2
40
11,2
19
11,5
38
17
,387
Bus
ines
s - ty
pe a
ctiv
ities
:C
harg
es fo
r ser
vice
s:W
ater
and
Sew
er19
,856
21
,403
21
,408
21,9
7521
,960
23
,446
23
,248
24
,519
24
,200
24,5
19
Fi
re5,
318
5,
351
5,
403
5,53
05,
607
5,
792
5,
889
6,
137
6,
319
6,
402
So
lid W
aste
Com
mis
sion
2,93
6
2,55
0
2,43
92,
377
2,45
4
2,46
8
2,76
3
2,72
1
3,01
6
3,27
4
Tran
sit
1,45
6
1,39
7
1,40
31,
458
1,49
2
1,50
9
1,67
1
1,67
8
1,66
5
1,68
9
Bui
ldin
g In
spec
tion
1,03
8
702
797
693
615
726
783
970
836
1,02
3
Solid
Was
te M
anag
emen
t1,
521
1,
653
1,
829
1,92
31,
913
2,
041
2,
079
2,
126
2,
211
2,
231
M
unic
ipal
Gol
f Fun
d76
0
80
1
79
51,
024
963
977
918
1,01
9
961
975
Publ
ic F
acili
ties
694
694
694
694
694
694
694
322
138
140
Tenn
is C
ente
r-
-
-
-
-
-
-
13
6
32
3
37
3
O
pera
ting
gran
ts a
nd c
ontri
butio
ns51
7
70
8
74
41,
618
1,24
3
1,07
7
944
954
969
945
Cap
ital g
rant
s and
con
tribu
tions
1,16
5
1,03
4
2,92
489
51,
359
1,
028
95
7
51
6
1,
133
1,
465
To
tal b
usin
ess-
type
act
iviti
es p
rogr
am re
venu
es35
,261
36
,293
38
,436
38
,187
38,3
0039
,758
39
,946
41
,098
41
,771
43,0
36
To
tal p
rimar
y go
vern
men
t pro
gram
reve
nue
47,7
68$
51,9
82$
56,9
34$
49,5
50$
49,3
69$
60,7
66$
58,1
86$
52,3
17$
53,3
09$
60
,423
$
Fisc
al Y
ear
City
of R
ome,
Geo
rgia
Cha
nges
in N
et P
ositi
onL
ast T
en F
isca
l Yea
rs(a
ccru
al b
asis
of a
ccou
ntin
g)(a
mou
nts e
xpre
ssed
in th
ousa
nds)
131
2009
2010
20
11
2012
2013
2014
2015
2016
2017
2017
Net
(exp
ense
)/ re
venu
eG
over
nmen
tal a
ctiv
ities
(13,
530)
$
(9,5
39)
$
(8
,290
)$
(15,
836)
$
(18,
037)
$
(6,5
91)
$
(1
1,12
1)$
(1
3,21
0)$
(1
3,52
5)$
(1
8,62
8)$
B
usin
ess-
type
act
iviti
es(3
,992
)
(2,1
08)
(1
,566
)(5
,283
)(2
,649
)
(1,1
57)
94
3
69
2
(2
46)
542
Tota
l prim
ary
gove
rnm
ent n
et e
xpen
se(1
7,52
2)$
(1
1,64
7)$
(9
,856
)$
(21,
119)
$
(20,
686)
$
(7,7
48)
$
(1
0,17
8)$
(1
2,51
8)$
(1
3,77
1)$
(1
8,08
6)$
Gen
eral
Rev
enue
s and
Oth
er C
han g
es in
Net
Pos
itio n
Gov
ernm
enta
l act
iviti
es:
Taxe
sPr
oper
ty ta
xes
9,66
2$
10,0
07$
9,74
9$
10,2
21$
10,0
74$
10,9
67$
11,7
90$
12,0
88$
13,0
55$
13
,466
$
Sale
s tax
es6,
128
5,
980
6,
162
6,23
2
5,59
0
5,76
2
5,32
0
5,68
2
5,67
5
5,96
3
Oth
er ta
xes
7,08
5
7,18
8
7,14
77,
211
7,
294
7,
788
8,
109
8,
446
8,
800
9,
658
G
ain
on S
ale
of C
apita
l Ass
ets
-
-
-
-
-
66
17
-
-
-
Inte
rest
Ear
ning
s56
2
65
4
71
479
0
59
9
65
4
71
5
71
1
59
7
67
4
M
isce
llane
ous
109
150
501
684
691
263
358
837
576
620
Tran
sfer
s(9
,745
)
(7,4
01)
(8
,549
)(9
,803
)
(7,0
18)
(7
,379
)
(6,2
48)
(1
7,30
6)
(5
,854
)
(5,2
56)
To
tal g
over
nmen
tal a
ctiv
ities
13,8
01
16,5
78
15,7
24
15,3
3517
,230
18
,121
20
,061
10
,458
22
,849
25,1
25
B
usin
ess-
type
act
iviti
es:
Gai
n on
Sal
e of
Cap
ital A
sset
s27
50
10
982
-
11
0
55
26
25
47
In
vest
men
t ear
ning
s59
42
27
3262
63
80
11
3
28
1
56
1
M
isce
llane
ous
37
165
1244
1
13
7
3
15
-
Tran
sfer
s9,
745
7,
401
8,
549
9,80
37,
018
7,
379
6,
248
17
,306
5,
854
5,
256
To
tal b
usin
ess-
type
act
iviti
es9,
868
7,
658
8,
697
9,
961
7,08
17,
565
6,
390
17
,448
6,
175
5,
864
To
tal p
rimar
y go
vern
men
t23
,669
$
24
,236
$
24,4
21$
25,2
96$
24,3
11$
25,6
86$
26,4
51$
27,9
06$
29,0
24$
30
,989
$
Cha
n ge
in N
et P
ositi
onG
over
nmen
tal a
ctiv
ities
271
$
7,03
8$
7,43
4$
(502
)$
(8
07)
$
11,5
30$
8,94
0$
(2,7
52)
$
9,
324
$
6,
497
$
B
usin
ess-
type
act
iviti
es5,
876
5,
549
7,
131
4,67
94,
432
6,
408
7,
333
18
,140
5,
929
6,
406
To
tal p
rimar
y go
vern
men
t6,
147
$
12
,587
$
14
,565
$
4,
177
$
3,
625
$
17
,938
$
16
,273
$
15
,388
$
15
,253
$
12,9
03$
Fisc
al Y
ear
132
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
Gen
eral
fund
Res
erve
d85
6$
89
1$
-
$
-
$
-
$
-
$
-
$
-
$
-
$
-
$
U
nres
erve
d9,
652
10
,120
-
-
-
-
-
-
-
-
Non
spen
dabl
e21
679
2
76
3
73
5
70
5
72
1
74
3
74
5
R
estri
cted
790
771
784
782
801
812
812
809
Ass
igne
d-
25
-
-
-
520
-
-
Una
ssig
ned
10,6
6111
,012
11,2
60
12
,101
12,6
67
15
,230
17,5
98
19
,332
Tota
l Gen
eral
fund
10,5
08$
11
,011
$
-$
12,6
00$
12
,807
$
13,6
18$
14
,173
$
17,2
83$
19
,153
$
20,8
86$
All
othe
r gov
ernm
enta
l fun
dsR
eser
ved
5,28
4$
4,97
8$
-$
-$
-$
-$
-$
-$
-$
-$
Unr
eser
ved,
repo
rted
in:
Spec
ial r
even
ue fu
nds
152
125
-
-
-
-
-
-
-
-
Cap
ital p
roje
cts f
unds
1,98
9
1,63
3
-
-
-
-
-
-
-
-
Non
spen
dabl
e*
2,82
82,
221
2,
365
-
-
-
-
-
R
estri
cted
2,46
52,
925
2,
676
7,
030
19
,377
13,3
79
13
,334
14,9
18
A
ssig
ned,
repo
rted
inSp
ecia
l rev
enue
fund
s57
74
83
47
36
32
17
44
C
apita
l pro
ject
s fun
ds1,
617
-
-
-
-
-
-
-
Una
ssig
ned
-
(165
)
(226
)
-
-
-
-
-
Tota
l all
othe
r gov
ernm
enta
l fun
ds7,
425
$
6,
736
$
-
$
5,
055
$
4,
898
$
7,
077
$
19
,413
$
13,4
11$
13
,351
$
14,9
62$
*D
ue to
the
impl
emen
tatio
n of
GA
SB 5
4 Fu
nd B
alan
ce re
clas
sific
atio
n.
Fisc
al Y
ear
City
of R
ome,
Geo
rgia
Fund
Bal
ance
s of G
over
nmen
tal F
unds
Las
t Ten
Fis
cal Y
ears
(mod
ified
acc
rual
bas
is o
f acc
ount
ing)
(am
ount
s exp
ress
ed in
thou
sand
s)
133
2009
20
1020
1120
1220
13
2014
2015
2016
2017
2018
Rev
enue
sTa
xes
22,3
58$
23
,053
$
23,0
69$
23
,450
$
23,0
10$
24
,651
$
24,8
82$
27
,035
$
27,6
06$
29
,088
$
Lice
nses
and
per
mits
1,67
5
1,68
1
1,65
81,
722
1,
735
1,
813
1,
890
1,
947
1,
988
1,
974
In
terg
over
nmen
tal
8,46
2
9,91
1
10,0
195,
164
5,
268
5,
950
7,
621
6,
784
6,
917
7,
083
C
harg
es fo
r ser
vice
s58
6
54
2
46
447
2
47
6
49
5
49
7
61
5
58
0
58
0
Fi
nes/
Forf
eitu
res
1,54
3
1,49
6
1,29
41,
244
1,
358
1,
176
1,
260
1,
219
1,
129
88
7
In
vest
men
t ear
ning
s56
2
65
4
71
579
0
59
9
65
3
71
5
71
1
63
5
73
9
M
isce
llane
ous
109
150
500
684
691
263
358
837
576
620
Tota
l rev
enue
s35
,295
37,4
87
37
,719
33,5
26
33
,137
35,0
01
37,2
23
39
,148
39,4
31
40
,971
Exp
endi
ture
sG
ener
al g
over
nmen
t3,
478
3,
313
3,
143
3,13
8
3,18
1
3,47
7
5,34
7
6,49
5
6,32
6
7,25
6
Publ
ic sa
fety
7,52
3
7,41
4
7,22
27,
122
7,
372
7,
397
7,
659
7,
243
7,
630
7,
864
Pu
blic
wor
ks5,
586
5,
430
5,
670
5,62
3
5,57
7
5,61
4
5,44
7
5,39
0
5,34
8
5,42
1
Publ
ic fa
cilit
ies
959
1,02
3
1,00
71,
035
1,
039
1,
116
1,
128
1,
205
1,
246
1,
318
Pu
blic
serv
ices
391
379
388
407
433
442
436
419
514
515
Com
mun
ity d
evel
opm
ent
1,07
2
1,12
6
1,13
51,
204
1,
163
1,
120
1,
081
1,
078
1,
291
6,
048
C
apita
l out
lay
6,76
2
11,1
65
9,
416
5,65
8
6,90
7
4,69
2
7,52
5
11,3
04
5,
730
4,
759
D
ebt s
ervi
cePr
inci
pal
198
262
557
319
306
376
364
2,57
2
3,13
9
3,65
8
Inte
rest
245
245
245
276
542
469
515
824
765
632
Bon
d Is
suan
ce C
osts
-
-
-
-
-
-
245
-
-
-
Tota
l exp
endi
ture
s26
,214
30,3
57
28
,783
24,7
8226
,520
24,7
03
29
,747
36,5
30
31
,989
37,4
71
Exce
ss o
f rev
enue
sov
er (u
nder
) exp
endi
ture
s9,
081
7,
130
8,
936
8,
744
6,
617
10
,298
7,
476
2,
618
7,
442
3,
500
City
of R
ome,
Geo
rgia
Cha
nges
in F
und
Bal
ance
s of G
over
nmen
tal F
unds
Las
t Ten
Fis
cal Y
ears
(mod
ified
acc
rual
bas
is o
f acc
ount
ing)
(am
ount
s exp
ress
ed in
thou
sand
s) Fisc
al Y
ear
134
20
0920
1020
1120
1220
13
2014
2015
2016
2017
2018
Oth
er fi
nanc
ing
sour
ces (
uses
)Tr
ansf
ers i
n
2,01
9$
1,84
7$
2,67
2$
1,80
7$
1,90
3$
1,90
9$
3,53
2$
4,78
1$
4,40
5$
4,92
9$
Tran
sfer
s out
(11,
764)
(9,2
48)
(11,
221)
(11,
610)
(8,9
22)
(9,2
88)
(9,7
80)
(10,
398)
(10,
113)
(10,
186)
Proc
eeds
from
sale
of b
onds
/not
es30
0
-
-
-
-
-
10
,785
-
-
-
Prem
ium
on
issu
ance
of L
ong
Term
Deb
t-
-
-
-
-
-
86
1
-
-
-
C
apita
l lea
ses
-
-
50-
-
-
-
-
-
148
Not
es p
ayab
le-
-
-
-
-
-
-
-
-
5,80
4
Dis
coun
t on
note
s pay
able
-
-
-
-
-
-
-
-
-
(8
87)
Proc
eeds
from
sale
of c
apita
l ass
ets
13
85
449
80
45
2
70
17
10
7
75
36
To
tal o
ther
fina
ncin
gso
urce
s (us
es)
(9,4
32)
(7,3
16)
(8,0
50)
(9,7
23)
(6,5
67)
(7,3
09)
5,
415
(5
,510
)
(5
,633
)
(156
)
Net
cha
nge
in fu
nd b
alan
ces
(351
)$
(186
)$
886
$
(979
)$
50$
2,
989
$
12,8
91$
(2
,892
)$
1,
809
$
3,
344
$
Deb
t ser
vice
as a
per
cent
age
of n
onca
pita
l
2.3%
2.7%
4.0%
2.9%
3.
8%4.
0%4.
8%13
.9%
16.4
%13
.1%
expe
nditu
res
Fisc
al Y
ear
135
Fisc
al Y
ear
Prop
erty
T
axSa
les T
axFr
anch
ise
Tax
Insu
ranc
e Pr
emiu
m
Tax
Alc
ohol
ic
Bev
erag
e T
axO
ther
Tax
esT
otal
2009
9,37
2$
6,
128
$
3,19
2$
1,
939
$
861
$
866
$
22
,358
$
20
1010
,207
6,
029
3,35
2
1,
883
825
757
23
,053
20
1110
,047
6,
162
3,55
3
1,
703
812
792
23
,069
20
1210
,403
6,
232
3,35
7
1,
809
841
808
23
,450
20
1310
,612
5,
590
3,23
6
1,
873
855
844
23
,010
20
1411
,554
5,
762
3,42
8
1,
958
869
1,08
0
24
,651
20
1511
,844
5,
320
3,44
5
2,
092
862
1,31
9
24
,882
20
1613
,458
5,
681
3,29
7
2,
281
879
1,43
9
27
,035
20
1713
,630
5,
675
3,22
0
2,
435
867
1,77
9
27
,606
20
1814
,086
5,
963
3,33
2
2,
607
882
2,21
8
29
,088
% c
hang
e50
.30%
-2
.69%
4.
39%
34
.45%
2.
44%
15
6.12
%
30.1
0%be
twee
n20
09 &
201
8
(am
ount
s exp
ress
ed in
thou
sand
s)
City
of R
ome,
Geo
rgia
Gen
eral
Gov
ernm
enta
l Tax
Rev
enue
s By
Sour
ceL
ast T
en F
isca
l Yea
rs(m
odifi
ed a
ccru
al b
asis
of a
ccou
ntin
g)
136
Ass
esse
dT
otal
Val
ue to
Dir
ect
Est
imat
edT
axA
ctua
lY
ear
R
ate
*V
alue
2009
855,
730,
720
$
188,
100,
111
$
26,5
56,5
90$
77,9
36,1
10$
176,
001
$
1,
148,
499,
532
$
(71,
744,
994)
$
1,
120,
352,
248
$
24.4
2
2,
800,
880,
620
$
40%
2010
829,
091,
871
185,
601,
135
25,5
03,2
43
68,2
05,8
50
172,
014
1,
108,
574,
113
(71,
811,
792)
1,
078,
630,
642
26.1
5
2,
696,
576,
605
40%
2011
816,
351,
825
186,
162,
190
28,2
65,4
57
69,1
94,3
00
192,
965
1,
100,
166,
737
(71,
808,
416)
1,
062,
672,
937
26.1
5
2,
656,
682,
342
40%
2012
815,
093,
673
185,
918,
089
28,2
65,4
57
70,3
03,8
30
170,
110
1,
099,
751,
159
(70,
124,
530)
1,
045,
889,
201
26.1
5
2,
614,
723,
003
40%
2013
810,
347,
679
18
9,94
9,42
8
29
,001
,905
76
,515
,750
18
0,99
0
1,10
5,99
5,75
2
(6
9,73
0,92
9)
1,05
0,91
9,94
1
26
.15
2,62
7,29
9,85
3
40
%20
1481
1,58
6,27
0
198,
147,
609
31,6
01,3
67
66,6
16,6
70
174,
465
1,
108,
126,
381
(68,
821,
009)
1,
053,
960,
998
26.1
5
2,
634,
902,
495
40%
2015
834,
527,
447
199,
255,
502
33,1
84,0
31
47,3
40,0
10
165,
982
1,
114,
472,
972
(70,
736,
324)
1,
056,
420,
392
26.1
4
2,
641,
050,
980
40%
2016
836,
127,
575
208,
975,
968
32,0
00,0
19
35,1
62,9
30
154,
808
1,
112,
421,
300
(72,
205,
318)
1,
053,
828,
111
27.5
4
2,
634,
570,
278
40%
2017
857,
637,
052
219,
269,
723
30,4
56,3
72
26,0
87,7
00
136,
582
1,
133,
587,
429
(72,
327,
731)
1,
076,
721,
213
27.5
4
2,
691,
803,
033
40%
2018
882,
516,
219
237,
497,
031
31,6
59,6
37
19,4
38,4
20
129,
037
1,
171,
240,
344
(75,
970,
985)
1,
119,
487,
012
27.5
4
2,
798,
717,
530
40%
Sour
ce-F
loyd
Cou
nty
Tax
Ass
esso
rs O
ffic
e(1
)D
enot
es c
hang
e in
tax
asse
ssm
ent c
alcu
latio
n fr
om p
rior y
ears
(2)
Scho
ol T
ax E
xem
ptio
ns in
crea
sed
to re
flect
new
cha
nges
in st
ate
law
Prop
ertie
s in
the
City
are
reas
sess
ed o
n a
rota
ting
basi
s by
the
coun
ty ta
x as
sess
men
t off
ice.
The
cou
nty
asse
ssed
all
prop
erty
at 4
0% o
f act
ual v
alue
.Es
timat
ed a
ctua
l val
ue is
cal
cula
ted
by d
ivid
ing
asse
ssed
val
ue b
y 40
%.
* In
clud
es G
ener
al, C
apita
l and
Sch
ool T
ax R
ates
Prop
erty
Prop
erty
Util
ities
Veh
icle
sV
alue
Hom
esC
ityE
xem
ptio
nSc
hool
Val
ueA
ctua
lR
eal
Pers
onal
Publ
ic
Tot
alL
ess
Mot
orM
obile
Ass
esse
dSc
hool
Val
ueT
ax
Tot
alA
sses
sed
Est
imat
ed
City
of R
ome,
Geo
rgia
Ass
esse
d an
d E
stim
ated
Act
ual V
alue
of T
axab
le P
rope
rty
Las
t Ten
Fis
cal Y
ears
137
Tot
alG
ener
alC
apita
lD
ebt
City
Dir
ect
Floy
dSt
ate
ofT
otal
Yea
rFu
ndFu
ndSe
rvic
eSc
hool
sR
ate
Cou
nty
Geo
rgia
Rat
e
2009
6.67
1.
85
-
15
.90
24.4
2
8.
767
0.25
33
.44
2010
6.80
1.
90
-
17
.45
26.1
5
8.
767
0.25
35
.17
2011
6.80
1.
90
-
17
.45
26.1
5
8.
767
0.25
35
.17
2012
6.80
1.
90
-
17
.45
26.1
5
8.
767
*0.
20
35.1
2
20
136.
80
1.90
-
17.4
5
26
.15
8.76
7
0.
15
35.0
7
20
146.
80
1.90
-
17.4
5
26
.15
8.76
7
0.
10
35.0
2
20
156.
80
1.89
-
17.4
5
26
.14
9.60
0
0.
05
35.7
9
20
168.
15
1.94
-
17.4
5
27
.54
9.60
0
-
37.1
4
20
178.
15
1.94
-
17.4
5
27
.54
9.48
7
-
37.0
3
20
188.
15
1.94
-
17.4
5
27
.54
9.48
0
-
37.0
2
Sour
ce-C
ity o
f Rom
e Fi
nanc
e D
epar
tmen
t
Fl
oyd
Cou
nty
Fina
nce
Off
ice
*Fi
rst y
ear o
f pha
se o
ut o
f sta
te ta
x**
Ove
rlapp
ing
rate
s are
thos
e of
cou
nty
and
stat
e go
vern
men
ts th
at a
pply
to ta
xpay
ers w
ithin
the
City
of R
ome
Prop
erty
Tax
Rat
es-D
irec
t and
Ove
rlap
ping
Gov
ernm
ents
(Per
$1,
000
of A
sses
sed
Val
ue)
City
of R
ome,
Geo
rgia
Las
t Ten
Fis
cal Y
ears
City
of R
ome
Ove
rlap
ping
Rat
es *
*
138
Tax
able
A
sses
sed
Val
ueR
ank
Perc
enta
ge o
f T
otal
Tax
able
A
sses
sed
Val
ueT
axab
le
Ass
esse
d V
alue
Ran
k
Perc
enta
ge o
f T
otal
Tax
able
A
sses
sed
Val
ue
Red
mon
d R
egio
nal M
edic
al C
ente
r33
,221
$
1
2.84
%34
,609
$
13.
01%
Sout
heas
tern
Mill
s26
,412
2
2.26
%13
,668
8
1.19
%
Geo
rgia
Pow
er C
ompa
ny19
,134
3
1.63
%13
,570
4
1.18
%
Wal
mar
t (A
ll Lo
catio
ns)
17,0
29
41.
45%
15,0
37
31.
31%
Har
bin
Prop
ertie
s, LL
C16
,158
5
1.38
%13
,510
5
1.18
%
GE
Ener
gy P
arts
22,6
70
61.
94%
Kee
bler
Com
pany
12,7
53
71.
09%
13,7
81
71.
20%
Riv
er R
oot P
artn
ers L
LC9,
719
80.
83%
8,73
1
9
0.76
%
Foss
12,4
33
91.
06%
Chp
Rom
e G
A M
ob O
wne
r (Fl
oyd
Med
ical
/Tax
able
)8,
308
100.
71%
Larr
y M
artin
15,1
07
21.
32%
Bek
aert
Cor
pora
tion
17,9
29
61.
56%
Rom
e/Fl
oyd
Cou
nty
Dev
elop
men
t Aut
horit
y8,
344
100.
73%
Tota
ls17
7,83
7$
15.1
8%15
4,28
6$
13.4
4%
Sour
ce-F
loyd
Cou
nty
Tax
Ass
esso
r Off
ice
City
of R
ome,
Geo
rgia
Prin
cipa
l Pro
pert
y T
axpa
yers
Dec
embe
r 31
, 201
8
Tax
paye
r
(am
ount
s exp
ress
ed in
thou
sand
s)
2018
2009
139
Fisc
al Y
ear
Tot
al T
axC
olle
ctio
ns in
End
edL
evy
for
Subs
eque
nt
Dec
embe
r 31
Fisc
al Y
ear
Am
ount
Perc
enta
ge o
f Lev
yY
ears
Am
ount
Perc
enta
ge o
f Lev
y
2009
25,5
13$
22
,395
$
87
.8%
*1,
368
$
23,7
63$
93.1
%20
1026
,281
23
,044
87
.7%
1,31
1
24
,355
92
.7%
2011
25,7
09
22,6
90
88.3
%1,
941
24,5
56
95.5
%20
1225
,523
23
,081
90
.4%
1,88
2
24
,963
97
.8%
2013
25,5
97
23,4
37
91.6
%1,
290
24,6
26
96.2
%20
1426
,229
23
,994
91
.5%
1,92
7
25
,921
98
.8%
2015
27,2
19
24,6
90
90.7
%2,
364
27,0
54
99.4
%20
1628
,889
26
,088
90
.3%
2,71
1
28
,799
99
.7%
2017
29,7
63
27,6
92
93.0
%1,
520
27,6
92
93.0
%20
1831
,208
29
,229
93
.7%
-
29,2
29
93.7
%
* In
clud
es H
omes
tead
Tax
City
of R
ome,
Geo
rgia
Prop
erty
Tax
Lev
ies a
nd C
olle
ctio
nsL
ast T
en F
isca
l Yea
rs
Fisc
al Y
ear
of th
e L
evy
Col
lect
ed w
ithin
the
Tot
al C
olle
ctio
ns to
Dat
e
(am
ount
s exp
ress
ed in
thou
sand
s)
140
Fisc
al
Yea
r
Gen
eral
O
blig
atio
n B
onds
Not
es P
ayab
le &
In
terg
over
nmen
tal
Agr
eem
ents
Cer
tific
ates
of
Part
icip
atio
nC
apita
l L
ease
sB
onde
d D
ebt
Not
es P
ayab
leC
apita
l L
ease
sT
otal
Pri
mar
y G
over
nmen
t
Perc
enta
ge o
f Pe
rson
al
Inco
me(
1)Pe
r C
apita
(1)
2009
-$
5,78
2$
4,52
7$
27$
65,9
93$
9,82
4$
41
5$
86
,568
$
8.06
%2,
395
2010
-
5,54
7
4,52
7
-
60,8
13
9,22
4
22
8
80
,339
7.28
%
2,21
320
11-
5,
492
4,
527
40
55
,497
8,
602
793
74,9
51
6.
54%
2,07
220
12-
5,
183
4,
527
30
52
,744
7,
956
570
71,0
10
6.
14%
1,97
620
13-
4,
886
4,
527
20
54
,241
1,
336
*46
0
65
,470
5.54
%1,
811
2014
-
4,67
6
4,52
7
10
47,6
55
2,45
6
349
59,6
73
4.
88%
1,65
820
1511
,645
4,
322
4,
527
-
40
,797
2,
365
235
63,8
91
5.
02%
1,75
920
169,
150
3,95
0
4,52
7
-
34,9
52
2,26
3
11
9
54
,961
4.30
%1,
509
2017
6,13
1
3,
561
4,
527
-
29
,025
2,
160
-
45,4
04
3.
43%
1,24
920
183,
082
7,79
8
4,52
7
148
22,9
87
2,05
4
-
40
,596
3.00
%1,
116
Not
e-A
dditi
onal
info
rmat
ion
rega
rdin
g th
e C
ity's
outs
tand
ing
debt
can
be
foun
d in
the
note
s to
the
finan
cial
stat
emen
ts
(1) S
ee th
e Sc
hedu
le o
f Dem
ogra
phic
s and
Eco
nom
ic S
tatis
tics f
or p
erso
nal i
ncom
e an
d po
pula
tion
data
* Pr
ior G
EFA
bal
ance
bec
ame
bond
ed d
ebt i
n 20
13
Gov
ernm
enta
l Act
iviti
esB
usin
ess-
Typ
e A
ctiv
ities
City
of R
ome,
Geo
rgia
Rat
ios o
f Out
stan
ding
Deb
t by
Typ
eL
ast T
en F
isca
l Yea
rs(a
mou
nts e
xpre
ssed
in th
ousa
nds,
exce
pt p
er c
apita
am
ount
)
141
Perc
enta
ge o
fE
stim
ated
A
ctua
l Tax
able
V
alue
of
Per
Yea
rT
otal
Prop
erty
**C
apita
***
2009
-$
-$
-
$
N
/AN
/A20
10-
-
-
N/A
N/A
2011
-
-
-
N
/AN
/A20
12-
-
-
N/A
N/A
2013
-
-
-
N
/AN
/A20
14-
-
-
N/A
N/A
2015
11,6
45
2,08
7
9,55
8
0.36
%26
3
20
169,
150
2,03
3
7,11
7
0.27
%19
5
20
176,
131
2,04
6
4,08
5
0.15
%11
2
20
183,
082
2,17
3
909
0.03
%24
.99
See
the
Sche
dule
of A
sses
sed
Val
ue a
nd E
stim
ated
Act
ual V
alue
of T
axab
le P
rope
rty fo
r pro
perty
val
ue d
ata.
Popl
ulat
ion
data
can
be
foun
d in
the
Sche
dule
of D
emog
raph
ic a
nd E
cono
mic
Sta
tistic
s.
Rat
io o
f Net
Gen
eral
Bon
ded
Deb
tC
ity o
f Rom
e, G
eorg
ia
(am
ount
s exp
ress
ed in
thou
sand
s, ex
cept
per
cap
ita a
mou
nt)
** ***
Las
t Ten
Fis
cal Y
ears
Gen
eral
Bon
dsO
blig
atio
nL
ess:
Am
ount
sA
vaila
ble
for
Deb
t Ser
vice
142
Perc
ent
Gen
eral
O
ther
App
licab
leC
apita
lO
blig
atio
nN
otes
Deb
tto
Lea
ses
Bon
dsPa
yabl
eO
utst
andi
ngC
ity o
f Rom
e
City
of R
ome
4,52
7,00
0$
-$
3,
082,
000
$
**-
$
2,
920,
000
$
10
0%10
,529
,000
$
A
cade
my
Bon
ds4,
527,
000
$
-
$
3,08
2,00
0$
-
$
$2,
920,
000
$
10
,529
,000
$
Sour
ce-R
ome
Boa
rd o
f Edu
catio
n
Not
e-O
verla
ppin
g go
vern
men
ts a
re th
ose
that
may
coi
ncid
e, a
t lea
st in
par
t, w
ith th
e ge
ogra
phic
bou
ndar
ies o
f the
city
.
**
Doe
s not
incl
ude
TAD
Deb
t bec
ause
TA
D d
ebt i
s not
supp
orte
d by
gen
eral
tax
payo
r obl
igat
ion.
Am
ount
Gov
ernm
enta
l Uni
tPa
rtic
ipat
ion
City
of R
ome
App
licab
leC
ertif
icat
es o
fto
C
ity o
f Rom
e, G
eorg
ia
Com
puta
tion
of D
irec
t and
Ove
rlap
ping
Gov
ernm
enta
l Act
iviti
es D
ebt
D
ecem
ber
31, 2
018
143
2009
2010
2011
2012
20
1320
1420
1520
1620
1720
18
Deb
t lim
it11
4,84
9,95
3$
11
0,85
7,41
1$
110,
016,
673
$
10
9,97
5,11
6$
110,
599,
575
$
110,
812,
638
$
111,
380,
929
$
11
1,24
2,13
0$
11
3,35
8,74
3$
11
7,12
4,03
4$
Tota
l net
deb
t app
licab
le to
lim
it-
-
-
-
-
-
11,6
45,0
00
9,
150,
000
6,13
1,00
0
3,
082,
000
Lega
l deb
t mar
gin
114,
849,
953
$
110,
857,
411
$
11
0,01
6,67
3$
109,
852,
761
$
11
0,59
9,57
5$
11
0,81
2,63
8$
12
3,02
5,92
9$
102,
092,
130
$
10
7,22
7,74
3$
11
4,04
2,03
4$
Tota
l net
deb
t app
licab
le to
the
limit
as
a p
erce
ntag
e of
deb
t lim
it0.
00%
0.
00%
0.00
%0.
00%
0.00
%0.
00%
10.4
6%
8.23
%5.
41%
2.
63%
L
egal
Deb
t Mar
gin
Cal
cula
tion
for
Fisc
al Y
ear
2018
Tota
l ass
esse
d va
lue
$1,
171,
240,
344
Deb
t lim
it (1
0% o
f tot
al a
sses
sed
valu
e)11
7,12
4,03
4
Deb
t app
licab
le to
lim
it:
G
ener
al o
blig
atio
n bo
nds
3,08
2,00
0
Les
s: A
mou
nt se
t asi
de fo
r rep
aym
ent o
f
ge
nera
l obl
igat
ion
debt
-
T
otal
net
deb
t app
licab
le to
lim
it3,
082,
000
Le
gal d
ebt m
argi
n$
114,
042,
034
Not
e: U
nder
stat
e fin
ance
law
, any
out
stan
ding
gen
eral
obl
igat
ion
debt
of t
he C
ity o
f Rom
e sh
ould
not
exc
eed
10 p
erce
nt o
f tot
al a
sses
sed
prop
erty
val
ue.
By
law
, any
gen
eral
obl
igat
ion
debt
subj
ect t
o th
e lim
itatio
n m
ay b
e of
fset
by
amou
nts s
et a
side
for r
epay
ing
gene
ral o
blig
atio
n bo
nds.Fi
scal
Yea
r
City
of R
ome,
Geo
rgia
Leg
al D
ebt M
argi
n In
form
atio
nL
ast T
en F
isca
l Yea
rs
144
Fisc
al
Yea
r
Wat
er &
Sew
er
Cha
rges
&
Oth
er (1
)
Les
s:
Ope
ratin
g E
xpen
ses (
2)N
et A
vaila
ble
Rev
enue
Prin
cipa
lIn
tere
stC
over
age
2009
19,8
63,7
18$
9,10
3,42
2$
10
,760
,296
$
3,
610,
000
$
2,60
0,89
3$
1.
7
20
1021
,411
,092
8,
978,
125
12,4
32,9
67
4,46
5,00
0
2,
297,
715
1.8
2011
21,4
13,5
44
9,67
7,71
7
11
,735
,827
4,
605,
000
2,15
9,12
8
1.
7
20
1221
,980
,265
10
,163
,561
11
,816
,704
4,
780,
000
1,32
1,84
7
1.
9
20
1321
,965
,249
9,
361,
007
12,6
04,2
42
5,44
1,00
0
1,
826,
484
1.7
2014
23,4
66,0
61
9,63
4,42
4
13
,831
,637
5,
601,
000
1,63
3,46
7
1.
9
20
1523
,263
,538
9,
032,
695
14,2
30,8
43
5,82
4,00
0
1,
542,
939
1.9
2016
24,5
48,4
27
9,50
7,89
6
15
,040
,531
4,
862,
000
1,35
7,12
5
2.
4
20
1724
,312
,060
10
,000
,236
14
,311
,824
5,
021,
000
1,22
4,65
0
2.
3
20
1824
,770
,269
10
,303
,146
14
,467
,123
5,
206,
000
1,03
5,29
0
2.
3
(1) I
nclu
des i
nter
est i
ncom
e(2
) Exc
lude
s dep
reci
atio
n ex
pens
e
Wat
er &
Sew
er R
even
ue B
onds
Deb
t Ser
vice
City
of R
ome,
Geo
rgia
Pled
ged
- Rev
enue
Cov
erag
eL
ast T
en F
isca
l Yea
rs(a
mou
nts e
xpre
ssed
in th
ousa
nds)
145
(2)
Pers
onal
Per
Cap
ita(3
)(4
)Fi
scal
(1)
Inco
me
Pers
onal
Scho
olU
nem
ploy
men
tY
ear
Popu
latio
n(in
thou
sand
s)In
com
eE
nrol
lmen
tR
ate
2009
36,1
42
*
1,07
3,92
3$
29,7
14$
5,
571
12.4
%20
1036
,303
1,10
3,43
0
30,3
95
5,
579
10.6
%20
1136
,181
**1,
145,
816
**
31,6
69
5,
737
12.7
%20
1235
,942
**1,
156,
110
**
32,1
66
5,
669
11.8
%20
1336
,159
**1,
182,
219
**
32,6
95
6,
006
9.0%
2014
35,9
97
**
1,22
3,68
2
**33
,994
6,11
4
7.
9%20
1536
,323
**1,
273,
266
**
35,0
54
6,
210
5.8%
2016
36,4
31
**
1,27
7,05
2
**35
,054
6,26
7
5.
6%20
1736
,340
**1,
325,
320
**
36,4
70
6,
311
4.5%
2018
36,3
75
**
1,35
3,29
6
**37
,204
6,44
8
4.
4%
Dat
a So
urce
s:(1
) U
.S. C
ensu
s Bur
eau
(2)
U.S
. Dep
artm
ent o
f Com
mer
ce, B
urea
u of
Eco
nom
ic A
naly
sis
(3)
Rom
e B
oard
of E
duca
tion
(4)
Stat
e D
epar
tmen
t of L
abor
* T
rend
Est
imat
e ba
sed
on 2
000
Cen
sus
** T
rend
Est
imat
e ba
sed
on 2
010
Cen
sus
City
of R
ome,
Geo
rgia
Dem
ogra
phic
s and
Eco
nom
ic S
tatis
tics
Las
t Ten
Fis
cal Y
ears
146
Em
ploy
ees
Ran
k
Perc
enta
ge o
f T
otal
City
E
mpl
oym
ent
Em
ploy
ees
Ran
k
Perc
enta
ge o
f T
otal
City
E
mpl
oym
ent
Floy
d M
edic
al C
ente
r2,
700
16.
37%
2,32
4
1
13.4
1%
Har
bin
Clin
ic1,
400
2
3.30
%1,
134
36.
54%
Red
mon
d R
egio
nal M
edic
al C
ente
r1,
300
33.
07%
1,20
0
2
6.92
%
Rom
e C
ity S
choo
ls78
2
41.
85%
757
5
4.37
%
Floy
d C
ount
y G
over
nmen
t66
7
51.
57%
800
44.
61%
City
of R
ome
627
6
1.48
%64
9
63.
74%
Ber
ry C
olle
ge60
0
81.
42%
Kel
logg
's58
5
71.
38%
558
7
3.22
%
F &
P G
eorg
ia56
2
91.
33%
Nea
ton
Rom
e55
2
101.
30%
Moh
awk
Indu
strie
s45
2
82.
61%
Sara
Lee
Foo
d Se
rvic
es34
0
91.
96%
Sout
heas
tern
Mill
s30
7
101.
77%
Tota
ls9,
775
23.1
%8,
521
49.1
5%
Sour
ce-R
ome
Cha
mbe
r of C
omm
erce
2018
2009
Em
ploy
er
City
of R
ome,
Geo
rgia
Prin
cipa
l Em
ploy
ers
Cur
rent
Yea
r an
d N
ine
Yea
rs A
go
147
2009
2010
2011
2012
2013
20
1420
1520
16
2017
20
18Fu
nctio
nG
ener
al g
over
nmen
t29
2828
28
27
28
27
30
3432
Legi
slat
ive
and
judi
cial
C
omm
issi
on9
99
9
9
9
9
9
9
9M
unic
ipal
cou
rt2
22
2
7
5
6
6
6
6A
ttorn
ey1
11
1
1
1
1
1
1
1Pu
blic
safe
ty
Polic
e
Off
icer
s98
9295
95
101
98
96
96
9696
Civ
ilian
s11
1115
15
15
18
20
20
2020
Publ
ic se
rvic
es7
44
4
3
3
3
3
3
4Pu
blic
faci
litie
s4
44
4
4
4
3
3
3
3Fi
re
Civ
ilian
s3
32
1
2
2
11
6
77
Fire
fight
ers a
nd o
ffic
ers
146
148
149
* *16
2
16
1
16
1
15
4
15
8
15
915
9Pu
blic
wor
ks
Publ
ic w
orks
off
ice
44
44
4
4
3
4
44
Engi
neer
ing
77
76
6
6
5
5
56
Stre
et39
3131
31
31
31
29
29
3535
Traf
fic12
1313
13
13
13
13
13
44
Cem
eter
y6
66
6
6
6
5
5
5
5G
arag
e12
1112
12
12
13
12
12
1212
Bui
ldin
g in
spec
tion
99
99
8
9
9
10
10
10Tr
ansi
t43
4343
43
43
43
51
51
5557
Plan
ning
com
mis
sion
66
66
6
6
5
5
56
Solid
Was
te M
anag
emen
t61
5655
57
57
57
56
57
5756
Cul
ture
and
recr
eatio
n12
1119
21
24
24
28
40
4451
Wat
er a
nd se
wer
104
102
102
102
105
105
105
105
109
109
Tota
l62
5
*
601
616
631
645
646
651
668
68
3
692
Sour
ce-C
ity o
f Rom
e H
uman
Res
ourc
e D
epar
tmen
t*
Incl
udes
Per
sonn
el R
educ
tion
due
to R
even
ue D
ecre
ases
** In
clud
es in
crea
se fo
r per
sonn
el fu
nded
with
SA
FER
gra
nt
Fisc
al Y
ear
City
of R
ome,
Geo
rgia
Full-
time
Equ
ival
ent C
ity G
over
nmen
t Em
ploy
ees b
y Fu
nctio
nL
ast T
en F
isca
l Yea
rs
148
Func
tion
2009
2010
20
1120
12
2013
20
14
2015
2016
20
17
2018
Publ
ic S
afet
y:Po
lice
arre
sts
2,16
8
2,03
0
1,85
8
1,79
3
2,
197
2,00
8
1,
952
1,98
6
2,
028
1,64
0Pa
rkin
g/Tr
affic
vio
latio
ns16
,251
14,4
55
13
,228
12,2
70
14,2
5311
,452
11
,520
13
,375
12
,639
10,4
94Pu
blic
Wor
ks:
Stre
et re
surf
acin
g (m
iles)
2.02
10.5
0
5.78
4.25
3.64
4.19
3.73
4.43
5.48
6.14
Publ
ic F
acili
ties:
Ren
tals
- A
ud/C
ivic
Cen
ter
48,6
68
54
,072
58,7
73
57
,613
57
,007
58,1
56
61,2
75
87,7
03
97,4
8979
,398
Seni
or C
itize
n C
ente
r2,
610
2,
803
2,
795
2,
371
2,93
52,
740
4,97
1
11
,052
10
,952
8,35
0Ed
ucat
ion:
Scho
ol E
nrol
lmen
t5,
571
5,
579
5,
737
5,
669
6,00
66,
114
6,21
0
6,
267
6,31
16,
448
Wat
er a
nd S
ewer
:C
usto
mer
sW
ater
20,0
34
20
,065
20,0
83
20
,094
20
,120
20,1
55
20,1
86
20,2
42
(6)
19,3
19
19,4
01
Sew
er21
,113
21,1
63
21
,173
21,1
81
21,2
1121
,254
21
,299
21
,338
21,4
22
21
,545
W
ater
- (m
illio
ns o
f gal
lons
)A
vera
ge d
aily
pro
duct
ion
7.6
7.9
7.6
7.4
7.
17.
5
6.8
7.
4
6.5
6.7
Max
imum
dai
ly p
rodu
ctio
n12
.0
10
.9
12
.1
11
.1
9.
710
.8
9.
9
10.2
8.52
8.64
Was
tew
ater
- (m
illio
ns o
f gal
lons
)
Ave
rage
dai
ly se
wag
e tre
atm
ent
14.0
10.8
10.7
9.1
13
.9(1
)
11.3
12.0
10.2
11.4
515
.39
Max
imum
dai
ly se
wag
e tre
atm
ent
57.9
51.5
56.3
31.1
50.0
53.7
53.7
46.2
39.8
655
.72
Fire
Num
ber o
f res
pons
es4,
275
4,
292
4,
401
4,
142
4,24
74,
699
4,91
9
6,
313
6,
954
6,
812
Insp
ectio
ns91
1
1,
045
1,
413
1,
915
1,75
11,
352
1,36
1
2,
202
2,
032
1,
491
Solid
Was
te M
anag
emen
t:R
efus
e co
llect
ed (t
ons)
Iner
t9,
673
9,
075
8,
330
6,
879
6,5
358,
847
7,64
7
5,
767
5,
485
5,
068
Tras
h2,
150
1,
865
1,
578
1,
423
1,4
071,
456
1,74
9
2,
016
2,
115
2,
322
Gar
bage
14,5
30
13
,801
14,2
48
13
,755
14
,311
14,1
6414
,703
15
,037
16,3
88
16
,021
R
ecyc
ling
912
1,01
7
1,40
9
1,47
2
1
,325
1,32
91,
589
854
524
1,00
3
Tr
ansi
t: Tran
sit m
iles
593,
820
591,
152
585,
837
589,
766
604,
407
591,
300
614,
038
617,
241
60
4,76
2
509,
719
Tran
sit p
asse
nger
s96
2,50
0
98
2,47
1
1,
014,
181
1,
053,
540
1,
075,
603
1,06
9,52
6
1,11
0,25
2
1,16
4,28
7
1,
118,
401
1,06
5,94
7
Bui
ldin
g In
spec
tion:
New
Con
stru
ctio
n Pe
rmits
114
67
(3)
36
55
62
93
121
14
5
182
227
Solid
Was
te C
omm
issi
on:
Iner
t ton
nage
225
194
816
(4)
73
3
488
697
2,
224
1,18
7
2,14
8
2,44
1
C
&D
tonn
age
34,7
59
(2
)24
,753
22,6
54
20
,030
24
,117
20,0
41
22,6
63
8,14
7
11,0
48
14
,206
G
arba
ge to
nnag
e78
,326
73,4
10
70
,417
70,1
79
69,4
1672
,939
79
,320
90
,054
96,3
24
10
3,41
4
M
unic
ipal
Gol
f:R
ound
s pla
yed
27,1
42
28
,542
29,4
05
39
,715
(5
)
34,1
1330
,243
34
,406
37
,174
34,4
40
33
,376
Sour
ce: C
ity o
f Rom
e Tr
ends
Pub
licat
ion
Not
e: O
pera
ting
indi
cato
rs a
re n
ot a
vaila
ble
for G
ener
al G
over
nmen
t, Pu
blic
Ser
vice
s, an
d C
omm
unity
Dev
elop
men
t (1
)Sh
arp
incr
ease
in m
axim
um d
aily
sew
age
treat
men
t due
to v
ery
wet
yea
r and
incr
ease
in c
omm
erci
al u
sers
(2)
Larg
e in
crea
se d
ue to
hai
l sto
rm a
rea
roof
repl
acem
ents
(3)
Perm
it de
crea
se d
ue to
eco
nom
ic d
ownt
urn
(4)
Incr
ease
due
to st
orm
rela
ted
inci
dent
s (
5) I
ncre
ased
pla
y co
ntrib
uted
to c
onve
rsio
n of
gre
ens
(6)
Dec
reas
e du
e to
exc
lusi
on o
f Sol
id W
aste
Dum
pste
r Acc
ount
s
Fisc
al Y
ear
City
of R
ome,
Geo
rgia
Ope
ratin
g In
dica
tors
by
Func
tion
Las
t Ten
Fis
cal Y
ears
149
City
of R
ome,
Geo
rgia
Prin
cipa
l Wat
er a
nd S
ewer
Cus
tom
ers
Cur
rent
Yea
r an
d T
en Y
ears
Ago
Prin
cipa
l Wat
er C
usto
mer
s (in
des
cend
ing
orde
r):
2018
2009
1)Fl
oyd
Cou
nty
Who
lesa
le1)
Floy
d C
ount
y W
hole
sale
2)Fl
oyd
Med
ical
Cen
ter
2)Za
rtic
3)B
ekae
rt St
eel
3)Fl
oyd
Med
ical
Cen
ter
4)M
ohaw
k In
dust
ries
4)R
ome
Hou
sing
Aut
horit
y5)
Synt
ec In
dust
ries
5)K
ello
ggs
6)R
edm
ond
Reg
iona
l Med
ical
Cen
ter
6)B
ekae
rt St
eel
7)K
ello
ggs
7)Fl
oyd
Cou
nty
Gov
ernm
ent
8)Sh
orte
r Uni
vers
ity8)
Moh
awk
Indu
strie
s9)
Floy
d C
ount
y Ja
il9)
Red
mon
d R
egio
nal M
edic
al C
ente
r10
)R
ome
Hou
sing
Aut
horit
y10
)A
llian
ce L
aund
ry
Prin
cipa
l Sew
er C
usto
mer
s (in
des
cend
ing
orde
r):
1)M
argl
en In
dust
ries
1)Za
rtic
2)B
all C
orpo
ratio
n2)
Ber
ry C
olle
ge3)
Ber
ry C
olle
ge3)
Cro
thal
l Lau
ndry
4)G
ener
al E
lect
ric G
roun
dwat
er4)
Floy
d M
edic
al C
ente
r5)
Bek
aert
Stee
l5)
Rom
e H
ousi
ng A
utho
rity
6)K
ello
ggs
6)K
ello
gs7)
Cro
thal
l Lau
ndry
7)B
ekae
rt St
eel
8)Fl
oyd
Med
ical
Cen
ter
8)M
etal
Con
tain
ers
9)Fl
oyd
Cou
nty
Jail
9)Fl
oyd
Cou
nty
Gov
ernm
ent
10)
Rom
e H
ousi
ng A
utho
rity
10)
Mar
glen
150
Func
tion
2009
20
1020
1120
12
2013
20
1420
1520
16
2017
20
18Pu
blic
Saf
ety:
Polic
e St
atio
ns1
11
11
1
11
11
Polic
e Pa
trol V
ehic
les
6565
6571
71
7280
8080
80Pu
blic
Wor
ks:
Stre
ets (
mile
s) *
*
275
266
267
267
265
267
268
268
268
268
Stre
et li
ghts
4,56
64,
566
4,56
64,
566
4,56
64,
566
4,56
64,
641
4,64
54,
645
Traf
fic si
gnal
s93
9393
9595
9595
9596
96Si
gnag
e10
,248
10,2
4810
,250
10,2
5310
,257
10,2
5710
,257
10,2
57
10,2
57
10,2
57Pu
blic
Fac
ilitie
s:Pa
rks
2222
2222
2222
2222
2222
Aud
itoriu
ms a
nd C
ivic
Cen
ters
33
33
33
33
33
Publ
ic S
ervi
ces:
Vol
umes
in L
ibra
ry S
yste
m35
0,52
835
9,18
836
4,33
836
6,29
336
6,38
3
36
2,85
9
323,
302
36
6,12
9
37
8,59
1
37
8,59
1
Wat
er:
Wat
er m
ains
(mile
s)28
528
528
528
528
528
528
528
528
528
5Fi
re h
ydra
nts
1,64
41,
661
1,71
81,
800
1,80
01,
339
1,33
91,
339
1,
888
1,
888
Sew
er:
Sa
nita
ry se
wer
s (m
iles)
399
399
399
401
401
399
399
399
399
399
Stor
m se
wer
s (m
iles)
Fire
: Fire
stat
ions
1010
1010
1010
1010
1010
Solid
Was
te M
anag
emen
t:
Col
lect
ion
Veh
icle
s40
4040
3737
3536
3638
38Tr
ansi
t:B
uses
4848
4958
5964
5858
5656
Sour
ce:
C
ity o
f Rom
e Tr
ends
Pub
licat
ion
City
of R
ome
Fina
nce
Dep
artm
ent
Not
e: C
apita
l Ass
et in
dica
tors
are
not
ava
ilabl
e fo
r the
Gen
eral
Gov
ernm
ent,
Com
mun
ity D
evel
opm
ent,
Educ
atio
n, B
uild
ing
Insp
ectio
n, S
olid
Was
te C
omm
issi
on,
an
d M
unic
ipal
Gol
f Cou
rse
func
tions
.
**In
clud
es S
tate
Rou
te 3
4.66
mile
s
Fisc
al Y
ear
City
of R
ome,
Geo
rgia
Cap
ital A
sset
Sta
tistic
s by
Func
tion
Las
t Ten
Fis
cal Y
ears
151
CITY OF ROME, GEORGIA
REPORT OF INDEPENDENT CERTIFIED PUBLIC ACCOUNTANTS IN ACCORDANCE
WITH THE UNIFORM GUIDANCE AND GOVERNMENT AUDITING STANDARDS
DECEMBER 31, 2018
CITY OF ROME, GEORGIA
SINGLE AUDIT OF FEDERAL PROGRAMS FOR THE YEAR ENDED DECEMBER 31, 2018
TABLE OF CONTENTS INDEPENDENT AUDITOR’S REPORT ON INTERNAL CONTROL OVER FINANCIAL REPORTING AND ON COMPLIANCE AND OTHER MATTERS BASED ON AN AUDIT OF FINANCIAL STATEMENTS PERFORMED IN ACCORDANCE WITH GOVERNMENT AUDITING STANDARDS 1 and 2 INDEPENDENT AUDITOR’S REPORT ON COMPLIANCE FOR EACH MAJOR FEDERAL PROGRAM; REPORT ON INTERNAL CONTROL OVER COMPLIANCE; AND REPORT ON SCHEDULE OF EXPENDITURES OF FEDERAL AWARDS REQUIRED BY THE UNIFORM GUIDANCE 3-5 SCHEDULE OF EXPENDITURES OF FEDERAL AWARDS 6 NOTE TO SCHEDULE OF EXPENDITURES OF FEDERAL AWARDS 7 SCHEDULE OF FINDINGS AND QUESTIONED COSTS 8-10 STATUS OF PRIOR YEAR FINDINGS 11
INDEPENDENT AUDITOR’S REPORT ON INTERNAL CONTROL OVER
FINANCIAL REPORTING AND ON COMPLIANCE AND OTHER MATTERS BASED ON AN AUDIT OF FINANCIAL STATEMENTS PERFORMED IN
ACCORDANCE WITH GOVERNMENT AUDITING STANDARDS To the Board of Commissioners of the City of Rome, Georgia Rome, Georgia We have audited, in accordance with auditing standards generally accepted in the United States of America and the standards applicable to financial audits contained in Government Auditing Standards issued by the Comptroller General of the United States, the financial statements of the governmental activities, the business-type activities, the aggregate discretely presented component units, each major fund, and the aggregate remaining fund information of the City of Rome, Georgia (the “City”) as of and for the year ended December 31, 2018, and the related notes to the financial statements, which collectively comprise the City’s basic financial statements, and have issued our report thereon dated June 21, 2019. Our report includes a reference to the change in accounting principle resulting from the implementation of Governmental Accounting Standards Board Statement No. 75, Accounting and Financial Reporting for Postemployment Benefits Other Than Pensions, as of January 1, 2018.
Internal Control over Financial Reporting
In planning and performing our audit of the financial statements, we considered the City’s internal control over financial reporting (“internal control”) to determine the audit procedures that are appropriate in the circumstances for the purpose of expressing our opinions on the financial statements, but not for the purpose of expressing an opinion on the effectiveness of the City’s internal control. Accordingly, we do not express an opinion on the effectiveness of the City’s internal control.
A deficiency in internal control exists when the design or operation of a control does not allow management or employees, in the normal course of performing their assigned functions, to prevent, or detect and correct, misstatements on a timely basis. A material weakness is a deficiency, or a combination of deficiencies, in internal control, such that there is a reasonable possibility that a material misstatement of the entity’s financial statements will not be prevented, or detected and corrected on a timely basis. A significant deficiency is a deficiency, or a combination of deficiencies, in internal control that is less severe than a material weakness, yet important enough to merit attention by those charged with governance. Our consideration of internal control was for the limited purpose described in the first paragraph of this section and was not designed to identify all deficiencies in internal control that might be material weaknesses or significant deficiencies. Given these limitations, during our audit we did not identify any deficiencies in internal control that we consider to be material weaknesses. However, material weaknesses may exist that have not been identified.
200 GALLERIA PARKWAY S.E., SUITE 1700 • ATLANTA, GA 30339-5946 • 770-955-8600 • 800-277-0080 • FAX 770-980-4489 • www.mjcpa.com Members of The American Institute of Certified Public Accountants
2
Compliance and Other Matters
As part of obtaining reasonable assurance about whether the City’s financial statements are free from material misstatement, we performed tests of its compliance with certain provisions of laws, regulations, contracts, and grant agreements, noncompliance with which could have a direct and material effect on the determination of financial statement amounts. However, providing an opinion on compliance with those provisions was not an objective of our audit, and accordingly, we do not express such an opinion. The results of our tests disclosed no instances of noncompliance or other matters that are required to be reported under Government Auditing Standards. Purpose of this Report
The purpose of this report is solely to describe the scope of our testing of internal control and compliance and the result of that testing, and not to provide an opinion on the effectiveness of the entity’s internal control or on compliance. This report is an integral part of an audit performed in accordance with Government Auditing Standards in considering the entity’s internal control and compliance. Accordingly, this communication is not suitable for any other purpose.
Atlanta, Georgia June 21, 2019
INDEPENDENT AUDITOR’S REPORT ON COMPLIANCE FOR EACH MAJOR FEDERAL PROGRAM; REPORT ON INTERNAL CONTROL OVER
COMPLIANCE; AND REPORT ON SCHEDULE OF EXPENDITURES OF FEDERAL AWARDS REQUIRED BY THE UNIFORM GUIDANCE
To the Board of Commissioners of the City of Rome, Georgia Rome, Georgia Report on Compliance for Each Major Federal Program
We have audited the City of Rome, Georgia’s (the "City’s") compliance with the types of compliance requirements described in the OMB Compliance Supplement that could have a direct and material effect on each of the City’s major federal programs for the year ended December 31, 2018. The City's major federal programs are identified in the summary of auditor’s results section of the accompanying schedule of findings and questioned costs. The City’s basic financial statements include the operations of the Rome Board of Education, which received $8,987,118 in federal awards during the year ended June 30, 2018 which is not included in the City’s schedule of expenditures of federal awards. Our audit, described below, did not include the operations of the City of Rome Board of Education because the component unit obtained a separate audit in accordance with the Uniform Guidance.
Management’s Responsibility
Management is responsible for compliance with the federal statutes, regulations, and the terms and conditions of its federal awards applicable to its federal programs.
Auditor’s Responsibility
Our responsibility is to express an opinion on compliance for each of the City's major federal programs based on our audit of the types of compliance requirements referred to above. We conducted our audit of compliance in accordance with auditing standards generally accepted in the United States of America; the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States; and the audit requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Those standards and the Uniform Guidance require that we plan and perform the audit to obtain reasonable assurance about whether noncompliance with the types of compliance requirements referred to above that could have a direct and material effect on a major federal program occurred. An audit includes examining, on a test basis, evidence about the City's compliance with those requirements and performing such other procedures as we considered necessary in the circumstances.
200 GALLERIA PARKWAY S.E., SUITE 1700 • ATLANTA, GA 30339-5946 • 770-955-8600 • 800-277-0080 • FAX 770-980-4489 • www.mjcpa.com Members of The American Institute of Certified Public Accountants
4
We believe that our audit provides a reasonable basis for our opinion on compliance for each major federal program. However, our audit does not provide a legal determination of the City's compliance. Opinion on Each Major Federal Program
In our opinion, the City of Rome, Georgia complied, in all material respects, with the types of compliance requirements referred to above that could have a direct and material effect on each of its major federal programs for the year ended December 31, 2018. Report on Internal Control Over Compliance
Management of the City is responsible for establishing and maintaining effective internal control over compliance with the types of compliance requirements referred to above. In planning and performing our audit of compliance, we considered the City's internal control over compliance with the types of requirements that could have a direct and material effect on each major federal program to determine the auditing procedures that are appropriate in the circumstances for the purpose of expressing an opinion on compliance for each major federal program and to test and report on internal control over compliance in accordance with the Uniform Guidance, but not for the purpose of expressing an opinion on the effectiveness of internal control over compliance. Accordingly, we do not express an opinion on the effectiveness of the City’s internal control over compliance. A deficiency in internal control over compliance exists when the design or operation of a control over compliance does not allow management or employees, in the normal course of performing their assigned functions, to prevent, or detect and correct, noncompliance with a type of compliance requirement of a federal program on a timely basis. A material weakness in internal control over compliance is a deficiency, or combination of deficiencies, in internal control over compliance, such that there is a reasonable possibility that material noncompliance with a type of compliance requirement of a federal program will not be prevented, or detected and corrected, on a timely basis. A significant deficiency in internal control over compliance is a deficiency, or a combination of deficiencies, in internal control over compliance with a type of compliance requirement of a federal program that is less severe than a material weakness in internal control over compliance, yet important enough to merit attention by those charged with governance. Our consideration of internal control over compliance was for the limited purpose described in the first paragraph of this section and was not designed to identify all deficiencies in internal control over compliance that might be material weaknesses or significant deficiencies. We did not identify any deficiencies in internal control over compliance that we consider to be material weaknesses. However, material weaknesses may exist that have not been identified. The purpose of this report on internal control over compliance is solely to describe the scope of our testing of internal control over compliance and the results of that testing based on the requirements of the Uniform Guidance. Accordingly, this report is not suitable for any other purpose.
5
Report on Schedule of Expenditures of Federal Awards Required by the Uniform Guidance We have audited the financial statements of the governmental activities, the business-type activities, the aggregate discretely presented component units, each major fund, and the aggregate remaining fund information of the City of Rome, Georgia as of and for the year ended December 31, 2018, and the related notes to the financial statements, which collectively comprise City of Rome Georgia's basic financial statements. We issued our report thereon dated June 21, 2019, which contained unmodified opinions on those financial statements. Our audit was conducted for the purpose of forming opinions on the financial statements that collectively comprise the basic financial statements. The accompanying schedule of expenditures of federal awards is presented for purposes of additional analysis as required by the Uniform Guidance and is not a required part of the basic financial statements. Such information is the responsibility of management and was derived from and relates directly to the underlying accounting and other records used to prepare the basic financial statements. The information has been subjected to the auditing procedures applied in the audit of the financial statements and certain additional procedures, including comparing and reconciling such information directly to the underlying accounting and other records used to prepare the basic financial statements or to the basic financial statements themselves, and other additional procedures in accordance with auditing standards generally accepted in the United States of America. In our opinion, the schedule of expenditures of federal awards is fairly stated in all material respects in relation to the basic financial statements as a whole.
Atlanta, Georgia June 21, 2019
CITY OF ROME, GEORGIA
SCHEDULE OF EXPENDITURES OF FEDERAL AWARDS FOR THE YEAR ENDED DECEMBER 31, 2018
Federal Grantor/Pass-Through Program TitleCFDA
NumberAgency or Pass-through
Grantor NumberPassed Through to
Subrecipients Expenditures
U.S. Department of TransportationPassed through the Georgia Department
of Transportation:Metropolitan Transportation Planning Services Program 20.505 T005996 -$ 22,870$
Passed through the Georgia Departmentof Transportation:Highway Planning and Construction Cluster:
Highway Planning and Construction Program 20.205 PL 0015468 - 103,091 Highway Planning and Construction Program 20.205 0015628-PLN - 78,848
Subtotal Highway Planning and Construction Cluster - 181,939
Passed through the Georgia Departmentof Transportation:Federal Transit - Urbanized Area Formula Grant 20.507 T006497 - 754,125 Federal Transit - Urbanized Area Formula Grant 20.507 T005580 - 84,582 Federal Transit - Urbanized Area Formula Grant 20.507 T004893 - 2,322 Federal Transit - Urbanized Area Formula Grant 20.507 T005306 - 116,875 Federal Transit - Urbanized Area Formula Grant 20.507 T006046 - 875,000 Federal Transit - Urbanized Area Formula Grant 20.507 T006493 - 145,883
Subtotal Federal Transit Cluster - 1,978,787
Total U.S. Department of Transportation - 2,183,596
U.S. Department of JusticePassed through the Bureau of Justice Assistance:
Bulletproof Vest Partnership Program 16.607 2016 - 4,794
Edward Byrne Memorial Justice Assistance Program 16.738 2017-DJ-BX-0767 6,730 20,395
Total U.S. Department of Justice - 25,189
U.S. Department of InteriorPassed through the Georgia Department of Natural Resources
Historic Preservation Fund Grant 15.904 GA-17-019 - 47,326
Total U.S. Department of Interior - 47,326
U.S. Department of Housing and Urban DevelopmentCommunity Development Block Grant -
Entitlement Grant 14.218 B-16-MC-13-0014 - 37,641 Entitlement Grant 14.218 B-17-MC-13-0014 - 294,308
Subtotal Community Development Block Grant - 331,949
Community Home Investment Partnerships - Community HOME Investment Program (CHIP) 14.239 2013-874 - 476 HOME Homeownership and Small Rental Housing Development 14.239 SF2014-103 - 48,899
Subtotal Community Home Investment Partnerships - 49,375
Total U.S. Department of Housing and Urban Development - 381,324
Total Expenditures of Federal Awards -$ 2,637,435$
See accompanying note to Schedule of Expenditures of Federal Awards.
6
7
CITY OF ROME, GEORGIA
NOTE TO SCHEDULE OF EXPENDITURES OF FEDERAL AWARDS FOR THE YEAR ENDED DECEMBER 31, 2018
BASIS OF PRESENTATION
The accompanying schedule of expenditures of federal awards includes the federal grant activity of the City of Rome, Georgia (the “City”) and is presented on the modified accrual basis of accounting. Under the modified accrual basis of accounting, expenditures are recognized when the related liability is incurred. In instances where the grant agreement requires the City to match the grant awards with local funds, such matching funds are excluded in the accompanying Schedule of Expenditures of Federal Awards. The City did not utilize the 10% de minimus indirect cost rate. Federal grant programs which are administered through state agencies (pass-through awards) have been included in this report. These programs are operated according to federal regulations promulgated by the federal agency providing this funding. The information in this schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of the financial statements.
8
CITY OF ROME, GEORGIA
SCHEDULE OF FINDINGS AND QUESTIONED COSTS FOR THE YEAR ENDED DECEMBER 31, 2018
SECTION I
SUMMARY OF AUDITOR’S RESULTS
Financial Statements Type of report the auditor issued on whether the financial statements audited were prepared in accordance with GAAP: Unmodified Internal control over financial reporting: Material weaknesses identified? yes X no Significant deficiencies identified? _____ yes X none reported Noncompliance material to financial statements noted? _____ yes X no Federal Awards Internal Control over major federal programs: Material weaknesses identified? _____ yes X no Significant deficiencies identified? _____ yes X none reported Type of auditor’s report issued on compliance for major federal programs: Unmodified Any audit findings disclosed that are required to be reported in accordance with 2 CFR 200.516(a)? _____ yes X no Identification of major federal programs: CFDA Number Name of Federal Program or Cluster 20.507 Federal Transit Cluster Dollar threshold used to distinguish between Type A and Type B programs: $750,000 Auditee qualified as low-risk auditee? yes X no
9
CITY OF ROME, GEORGIA
SCHEDULE OF FINDINGS AND QUESTIONED COSTS FOR THE YEAR ENDED DECEMBER 31, 2018
Section II – Financial Statement Findings and Questioned Costs
None reported
10
CITY OF ROME, GEORGIA
SCHEDULE OF FINDINGS AND QUESTIONED COSTS FOR THE YEAR ENDED DECEMBER 31, 2018
Section III - Federal Awards Findings and Questioned Costs
None reported
11
CITY OF ROME, GEORGIA
STATUS OF PRIOR AUDIT FINDINGS FOR THE YEAR ENDED DECEMBER 31, 2018
2017-001 Restatement of Prior Year Balances
Condition: Internal controls were not sufficient to timely detect material misstatements in the City’s financial statements for the fiscal year ended December 31, 2016. Context/Cause: During the audit for the fiscal year ended December 31, 2017, a material misstatement was identified by management that caused the need to restate opening net position (equity) for the fiscal year ended December 31, 2017 for governmental activities. The City improperly recognized depreciation expense on various infrastructure capital assets as a result of an error within the City’s capital asset software, which caused accelerated depreciation on these assets. A total adjustment of $4,672,093 was required to correct the accumulated depreciation balance and restate the opening net position of governmental activities. Status: Corrected.