Sylacauga, City of, Alabama (AL)

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1 Sylacauga, City of, Alabama (AL) 1City of Sylacauga, Alabama General Obligation Warrants, Series 2015, $17,550,000, Dated: August 4, City of Sylacauga, Alabama General Obligation Warrants, BAB B (Federally Taxable Direct Payment to Issuer), $16,565,000, Dated: November 1, City of Sylacauga, Alabama General Obligation Warrants, Tax Exempt A, $5,610,000, Dated: November 1, City of Sylacauga, Alabama General Obligation Warrants, Series 2005, $16,445,000, Dated: September 1, 2005 Financial Information Series 2005 Combined Statement of Revenues, Expenditures and Changes in Fund Balances General Fund SEE ATTACHED Series 2015, 2010, 2005 Combined Statement of Revenues, Expenditures and Changes in Fund Balances All governmental Fund Types SEE ATTACHED MAJOR SOURCES OF REVENUE Assessed Valuation All Property Other Than Motor Vehicles 2015 $ 115,504, Major Ad Valorem Taxpayers. State, County and Municipal Taxpayer Assessed Value Ad Valorem Taxes Paid BRIXMOR/IA PAYTON PARK LLC 3,390, , AGRIUM POLYMER COATINGS CORP 2,957, , KOCH AGRONOMIC SERVICES LLC 2,123, , ALABAMA MUNICIPAL ELECTRIC AUTHORIT 1,966, , EASTERN ALABAMA RAILWAY INC 1,670,800 84, BELLSOUTH TELECOMMUNICATIONS 1,507,400 76, HONDA OF AMERICA MFG INC 1,345,260 67, HOME DEPOT USA INC 1,251, , BLUE BELL OPERATING LP 1,198, , ALABAMA POWER COMPANY 1,140,840 56,463.04

2 Millage Rates on Taxable Property in the City City 24.5 Tax levied on property situated in the City but are levied by other taxing authorities State of Alabama 6.5 Talladega County 19.5 Six Mill General Purposes Ad Valorem Tax Levies and Collections 2015 $ 734, Special Ad Valorem Tax Collection 2015 $ 2,333, Privilege License Taxes 2015 $ 1,466, Gross Receipts Taxes (the Sales Tax) 2015 $ 6,532,250.00

3 GOVERNMENTAL FUNDS REVENUES Sales taxes $ 6,532,250 $ - $ - $ 6,532,250 Property taxes 734,418 2,333,456-3,067,874 Motor fuel taxes 175,511-88, ,587 Lodging taxes 225, ,955 Rental and leasing taxes 219, ,809 Tobacco taxes 83, ,607 Alcoholic beverage taxes 102, ,038 Other taxes 78, ,932 Licenses and permits 1,757, ,757,494 Grants 138, , ,038 Police fines 147, ,034 Charges for services 1,049, ,049,440 Appropriation from Parks & Recreation Board Appropriation from Utilities Board 2,508, ,508,000 Investment earnings 137,511 7, ,775 Miscellaneous 190, ,767 15, ,211 Total revenues 14,080,878 2,594, ,467 17,174,

4 GOVERNMENTAL FUNDS - continued EXPENDITURES Current: Executive and legislative 330, ,697 General government and administration 2,563, ,561 2,564,983 Judicial 311, ,113 Civil Service Board 28, ,701 Police 3,174, ,174,514 Fire 1,311, ,311,535 Street 1,707, ,707,813 Shop 360, ,470 Planning and code enforcement 320, ,088 Building and grounds/custodial 60, ,970 Inmates 14, ,389 Senior citizens services , ,891 Payments to component units: School Board 643,680 6,811,305-7,454,985 Parks and Recreation Board 823,861-46, ,298 Library 612, ,554 Industrial development 92, ,500 Social and economic development 352,163-20, ,458 Debt service: Principal - 12,005, ,871 12,392,871 Interest - 1,319, ,648 1,564,661 Administrative charges - 252, ,518 Capital outlay 264, , ,189 Total expenditures 12,973,232 20,388,011 1,369,955 34,731,

5 GOVERNMENTAL FUNDS - continued Excess (deficiency) of revenues over expenditures 1,107,646 (17,793,312) (871,488) (17,557,154) OTHER FINANCING SOURCES (USES) Sale of capital assets 9, ,049 Proceeds from issuance of long-term debt 196,984 17,550,000-17,746,984 Bond premium - 202, ,333 Operating transfers in 693, ,278 1,525,317 Operating transfers out (1,505,317) - (20,000) (1,525,317) Total other financing sources (uses) (606,245) 17,752, ,278 17,958,366 Net change in fund balances 501,401 (40,979) (59,210) 401,212 Fund balances - beginning 12,138,243 3,342,920 1,817,668 17,298,831 Fund balances - ending $ 12,639,644 $ 3,301,941 $ 1,758,458 $ 17,700,

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