Palmetto, GA, City of (GA)

Transcription

1 Palmetto, GA, City of (GA) 1 South Fulton Municipal Regional Water and Sewer Authority (Georgia) Revenue Refunding Bonds,, $34,585,000 Dated: July 1, City of Palmetto, Georgia Combined Public Utility Revenue Bonds,, $9,555,000 Dated: March 1, 2005 PALMETTO AD VALOREM TAXATION: Millage Rates Palmetto County Calendar Year M&O Bond Incorporated M&O Incorporated Bond School District State of Georgia M&O Tax Digest 2016 Real & Personal Property 112,993,786 Public Utilities 9,490,619 Motor Vehicles 4,605,540 Mobile Homes Timber 100% Heavy Equipment Gross Tax Digest 127,089,945 Less Bond Exemptions Net Bond Tax Digest Gross Tax Digest 127,089,945 Less M&O Exemptions 15,952,301 Net M&O Exemptions Estimated Actual Value 111,137,644 Ten Largest Taxpayers Assessed Value as Gross Assessed % of Gross M&O Taxes Taxpayer Type of Business Value for the City Assessed Value Levied for the City 1 Lowes Home Center Inc Warehouse 54,003,925 21,601,570 21,601,570 2 Coweta Fayette EMC Utility 20,803,483 8,321,393 8,321,393 3 Soful LLC Land Fill 8,274,700 3,309,880 3,309,880 4 Gause, William Airport 3,556,200 1,422,480 1,422,480 5 National Ready Mix Concrete 2,836,100 1,134,440 1,134,440 6 Spurlin Industries Bathtub Manufactor 2,384, , ,736 7 Merrill Property Division Trust Investment Properties 2,297, , ,890 8 WHM Chattahoochee Hills Investments Investment Properties 2,246, , ,630 9 Genesis Garden Apartments Apartments 2,175, , , Wilkerson Mill OSCP One LLC Investment Properties 2,130, , ,070 : 100,707,823 40,283,129 40,283,129 M&O Tax Levies and Collections Fiscal Year Ended June Current Year's M&O Tax Levy 8.5 Tax Collections Collection of Current Years Taxes Adjustments & Collections in Subsequent Years Tax Collections Current Year's Tax Collections as a % of Current Year's Levy % Tax Collections as a % of Current Year's Levy %

2 PALMETTO FINANCIAL INFORMATION: Summary of Palmetto's Debt by Category Amount to be Amount Authorized or Outstanding Upon Category of Obligator Issued Amount Outstanding Issuance of Bonds Intergovernmental Contracts Revenue Bonds TOTAL Computation of Legal Debt Margin Gross Tax Digest for the City Less M&O Exemptions Net M&O Tax Digest Debt Limit (10% of Net M&O Tax Digest) Less Amount of Debt Outstanding, after issuance of the bonds Applicable to Debt Limit Legal Debt Margin Current Budget for General Fund Fiscal Year Ended June 30, 2017 Revenues Taxes Licenses and Permits Intergovernmental Revenues Fines and Forfeitures Special Services Miscellaneous Revenue Revenues Expenditures Administrative Police Department Fire Department/EMS Street Department Streets Maintenance Special Services Capital Outlay Expenditures Excess of Revenues Over (Under) Expenses Number of Electric Customers Commercial/ Year Residential Industrial Customers

3 Largest Electric Customers Customer KwH Used Annual Billed 1 Lowe's Home Center Inc 3,348,179 $ 331,403 2 Fulton County 1,367,092 $ 174,720 3 Bradley's Big Buy 543,840 $ 54,068 4 Southern Bell 365,848 $ 38,628 5 Palmetto Health Council 194,160 $ 26,711 6 Palmetto Package 108,320 $ 12,359 7 Genesis Garden Apartments 101,510 $ 34,550 8 Ramah Baptist 107,441 $ 16,260 9 Palmetto Baptist 92,400 $ 15, Dolgencorp 70,278 $ 16,045 6,299,068 $ 720,034 Rates, Fees and Charges Water and Sewer Rates and Tap Fees Water and Sewer Rates for Residential and Commercial In City Outside City Tanker Water In City Outside City Current Water Rates Current Sewer Rates Tap Fees for Residential and Commercial Water Meter Installed Installation Fee 5/8" 3/4" " /2" " " " " n/a 6" " Water and Sewerage Tap Revenues Year Water Fees Sewer Fees Number of Water and Sewerage Customers Commercial/ Water Commercial/ Sewer Year Residential Industrial Customers Residential Industrial Customers

4 Largest Water Customers Customer Annual Usage Annual Billing 1 Genesis Gardens Apartments 6,724 $28,672 2 Georgia Baptist Children's Home 5,259 $36,698 3 Baptist Manor 3,046 $21,234 4 Fulton County 1,837 $12,602 5 Bayrock 1,085 $5,238 6 K. P. Inc 1,049 $7,262 7 Ballard Crossing Chevron 610 $4,189 8 Palmetto Pride Carwash 595 $4,076 9 Bojangles 558 $4, Dairy Queen 341 $2,299 21,104 $126,318 Largest Sewer Customers Annual Flow Customer (1,000/ gal) Annual Billing Historical Debt Service Coverage Ratio Fiscal Year Ended June 30, Net Revenue Available for Debt Service 2016 Maximum Annual Debt Service Coverage Ratio Costs of Capital Improvements and Funding Sources Insert Required Information The Insurance Coverage of the City Insert Required Information

5 WATER TAP FEES: Revised Size of Meter Installation Fee ⅝ $ 2,650 per tap $ 3,200 per tap $ 4,500 per tap $ 10,500 per tap $ 28,000 per tap $ 37,000 per tap $ 59,500 per tap $ 77,000 per tap SEWER TAP FEES: Revised Wastewater fees are based on Equal Residential Units (ERU). A typical residential house: 1 ERU = 400 gallons per day. Residential (Single Family) Apartments: $5,000 per ERU [includes single family detached, simple town homes and condominiums] 1 Bedroom 100 G.P.D. 2 Bedrooms 250 G.P.D. 3 Bedrooms 400 G.P.D. Note: Add 500 G.P.D. for clubhouse and 400 G.P.D. for each washing machine located outside apartment unit. Commercial and Industrial: All commercial and industrial wastewater fees are calculated by Palmetto Public Works Department to determine ERU s. Calculations for $5,000 per ERU. 1 ERU = 400 G.P.D. Minimum of $5, Retail: Per 1,000 Square Feet: 100 G.P.D. Office: Per 1,000 Square Feet: 100 G.P.D. Warehouse: Per 1,000 Square Feet: 50 G.P.D. Or 25 G.P.D. per employee, whichever is greater Hotel/Motel: Per Room 75 G.P.D. (100 G.P.D./ Room with Restaurant) Restaurant (including Fast Food): 30 G.P.D. per Dining Seat including Food Counter Seats Laundry: Church: Hospital: Nursing Home: Schools: Theater: Industrial-Light: Industrial-Heavy Single Family Residence Car Wash: Car Wash (Service Station): Any Other Facility: 400 G.P.D./ Washing Machine 5 G.P.D./ Seat 200 G.P.D./ Bed 125 G.P.D./ Bed 12 G.P.D./ Student (Add 8 G.P.D./ Student for cafeteria, and 8 G.P.D. for Gym) 5 G.P.D./ Seat Use Warehouse Calculation Base Flow on data to be supplied 400 G.P.D. 750 G.P.D./ Bay (coin-operated) 750 G.P.D. () 25 G.P.D./ Person

6 WATER RATES EFFECTIVE WITH THE AUGUST 2013 BILL Residential: $14.65 / First 2,000 gals 5.00 / 3,000 to 8,000 gals 6.00 / 9,000 to 20,000 gals 7.00 / 21,000 and above Commercial: $14.65 / First 2,000 gals 6.00 / 3,000 to 10,000 gals 7.00 / 11,000 gals and above Tanker Water: $10.00 / 1,000 gals SEWER RATES EFFECTIVE WITH THE AUGUST 2013 BILL Residential: $14.65 / First 2,000 gals 9.90 / over 2,000 gals Commercial: $14.65 / First 2,000 gals 9.90 / over 2,000 gals Previous rates had been in effect since 2006