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Revenue Status Report General Fund As of December 31, 2011

(Unaudited - Internal Use Only)

CITY OF GRIFFIN DEPARTMENT OF ADMINISTRATIVE SERVICES - FINANCE

100 South Hill Street Griffin, Georgia 30223 Phone: 770.229.6401 Fax: 678.692.0402

Markus Schwab, CPA.CITP Chief Financial Officer Chuck Olmsted Accounting Manager

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CITY OF GRIFFIN Revenue Status Report - General Fund

As of December 31, 2011 (Unaudited - Internal Use Only)

Table of Contents

I. II. III. IV. V.

Current Economics Unemployment Numbers

General Fund Revenue Sources Revenues by Category

3 7 8 9 10 10 11, 12 13 14 15 16 17, 18

Revenues Taxes Property Taxes Licenses and Permits Intergovernmental Charges for Services Fines and Forfeitures Other Revenues

Page 2 of 19

CITY OF GRIFFIN Revenue Status Report - General Fund

As of December 31, 2011 (Unaudited - Internal Use Only)

I. Current Economics

Jobless rate at 3-year low as payrolls surge

By Lucia Mutikani
WASHINGTON | Fri Feb 3, 2012 5:35pm EST

(Reuters) - The United States created jobs at the fastest pace in nine months in January and the unemployment rate unexpectedly dropped to a near three-year low, giving a boost to President Barack Obama. Nonfarm payrolls jumped 243,000, the Labor Department said on Friday, as factory jobs grew by the most in a year. The jobless rate fell to 8.3 percent the lowest since February 2009 - from 8.5 percent in December. The gain in employment was the largest since April and it far outstripped the 150,000 predicted in a Reuters poll of economists. It hinted at underlying economic strength and lessened chances of further stimulus from the Federal Reserve. "More pistons in the economic engine have begun to fire, pointing to accelerating economic growth. One of the happiest persons reading this job report is President Obama," said Sung Won Sohn, an economics professor at California State University Channel Islands. The payroll gains were widespread - from retail to temporary help, and from construction to manufacturing - an indication the recovery was becoming more durable. A survey of households showed the unemployment rate declined even as new job seekers flooded into the labor force. Economists had expected the jobless rate, which has now fallen 0.8 percentage point since August, to hold steady. "I think this is a sign that maybe the economy is reaching that holy grail of a self-sustaining economic expansion," Stuart Hoffman, chief economist at PNC Financial Services in Pittsburgh, told Reuters Insider. The outlook was further brightened by a separate report showing service sector activity quickened last month to a near one-year high. A gauge of service sector employment touched a six-year high. The fairly upbeat data buoyed stocks on Wall Street, with the tech-heavy Nasdaq Composite index hitting an 11-year high. The Dow Jones industrial average rose to a near four year high, while the Standard & Poor's index extended its 2012 advance to about 7 percent. U.S. Treasury debt prices tumbled as investors dialed back expectations on Fed easing. The dollar was little changed against a basket of currencies after rising earlier in the session. The employment report contrasted with a fairly glum assessment of the economy offered by the Fed last week. Officials at the central bank have been debating whether to buy more bonds - a program dubbed QE3 - to drive interest rates lower. It also raised doubts about the Fed's expectation that it could hold interest rates near zero at least through late 2014. "At the very least this scales back QE3 (quantitative easing) odds. The surprisingly persistent decline in the unemployment rate also calls into question how firmly wedded the Fed is to the late-2014 rate guidance," said Michael Feroli, an economist at JPMorgan in New York. Interest rate futures indicated that at least some traders were beginning to lay bets the Fed could move interest rates up in early 2014. Fed fund futures were pricing in a 38 percent chance of a January 2014 rate hike, up from 29 percent before the report, and the first better than even chance of a rate hike was in April 2014, according to CME Group, where the contracts are traded. However, economists at most leading Wall Street firms still believe the Fed will undertake another bond-buying program, according to a Reuters poll. DON'T MUCK IT UP Obama welcomed the strong jobs report and urged Congress to extend a payroll tax cut and benefits for long-term unemployed, which expire at the end of this month. "Now is not is not the time for self-inflicted wounds to our economy. I want to send a clear message for Congress. Do not slow down the recovery that we are on, don't muck it up," he said at a firehouse in Arlington, Virginia. Republicans acknowledged the improvement in the labor market, but Page 3 of 19 said the jobless rate was still too high. "Our economy still isn't creating jobs the way it should be and that's why we need a new approach," said House Speaker John Boehner.

However, economists at most leading Wall Street firms still believe the Fed will undertake another bond-buying program, according to a Reuters poll. DON'T MUCK IT UP Obama welcomed the strong jobs report and urged Congress to extend a payroll tax cut and benefits for long-term unemployed, which expire at the end Revenue Status Report - General Fund of this month. "Now is not is not the time for self-inflicted wounds to our economy. I want to send a clear message for Congress. Do not slow down the recovery that we are on, don't muck it up," he said at a firehouse in Arlington, Virginia. Republicans acknowledged the improvement in the labor market, but said the jobless rate was still too high. "Our economy still isn't creating jobs the way it should be and that's why we need a new approach," said House Speaker John Boehner. While employment growth has quickened there are no jobs for three out of every four unemployed people and 23.8 million Americans are either out of work or underemployed. The level of employment is still 5.57 million from its pre-recession level. But steady progress is being made. The economy added 60,000 more jobs in November and December than previously reported. In addition, average hourly earnings rose four cents, which should help to support spending. The report suggested that expectations of a slowdown in U.S. economic growth in the first quarter were not yet impacting on companies' hiring decisions. Employment in the private sector surged 257,000 - the largest gain since April. Government payrolls fell 14,000, the least since September. U.S. economic growth accelerated to a 2.8 percent annual rate in the final three months of 2011, but it was widely expected to slow as businesses ease back on efforts to rebuild inventories and exports slip amid a likely recession in Europe. Some economists cautioned that January's jobs figures could overstate the pulse of the recovery, citing still lackluster consumer confidence, income and spending growth. While some said the jobless rate could drop below 8 percent by year end, others warned it would likely move up in the near-term as people who had given up the search for a job re-enter the workforce. "For this to mark an upturn in the labor market, then businesses will have to continue to hire on this scale throughout the winter," said Kathy Bostjancic, director of macroeconomic analysis at the Conference Board in New York. CAUTIOUS OPTIMISM The unemployment rate has now declined for five straight months, although part of the drop reflects discouraged Americans giving up the hunt for work. A broad measure of unemployment, which includes people who want to work but have stopped looking and those working only part time but who want more work, slipped to a near three-year low of 15.1 percent in January from 15.2 percent in December. Revisions to the payrolls figures showed 180,000 more jobs were created last year than previously believed. Mild winter weather boosted employment last month in construction, which added 21,000 jobs after a 31,000 increase in December. Manufacturing payrolls surged 50,000, the largest gain in a year, after rising 32,000 the prior month. Overall, the goods-producing sector added 81,000 jobs last month, the most since January 2006.

CITY OF GRIFFIN

As of December 31, 2011 (Unaudited - Internal Use Only)

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CITY OF GRIFFIN Revenue Status Report - General Fund

As of December 31, 2011 (Unaudited - Internal Use Only) v

January 11, 2012

Federal Reserve Districts

Sixth District--Atlanta

Sixth District business contacts described economic activity as expanding at a modest pace from late November through December. Reports from most sectors were positive, yet expectations remained guarded. Holiday sales were described by most retailers as generally positive and the pace of sales was stronger than last year by most accounts. Auto sales remained strong as well. Tourism-related spending was solid as international visitors continued to bolster activity. Weakness persisted in the residential real estate sector as both brokers and homebuilders continued to report downward pressure on prices for new and existing homes. Commercial contractors noted a slight improvement in demand compared with earlier in the year. Most manufacturers and transportation contacts noted positive activity, especially related to exports. Bankers noted that deposit growth continued to outpace loan demand. Employment growth was positive but tepid across the District as employers remained cautious with regard to hiring. Concerns over increased input costs eased further as most commodity prices leveled off and business' inflation expectations remained in check. Few contacts reported having significant pricing power. Consumer Spending and Tourism District retail contacts noted that sales and traffic in late November and December were up from a year ago. PostThanksgiving reports were generally positive; nearly sixty percent of contacts polled indicated that sales were better than the same time period last year. Almost half of contacts reported that inventory levels were up slightly compared to last month, but most were satisfied that current levels were appropriate. High-end and outlet stores were specifically identified as doing well and were posting improved profits. Most merchants polled expect overall sales to improve over the next three months. Auto dealers indicated that sales continued to be strong because of pent-up demand and are better positioned to obtain financing; the pace of sales during early November and December was reportedly the strongest in over two years. Hospitality contacts reported that holiday activity slightly exceeded cautiously optimistic projections. Occupancy and room rates were up throughout the District. South Florida in particular experienced greater travel activity from Canada and South America. Airport traffic remained above year-ago levels in most major District cities with international travelers helping boost overall arrivals in many Florida destinations. Cruise line reservations remained solid into the first quarter of 2012 as international passengers took advantage of deals. Business travel improved over year-ago levels, although reservations were being made closer to departure dates. Real Estate and Construction Residential brokers indicated that sales continued to soften in late November and December but remained ahead of last year's weak levels. However, sales growth varied somewhat across the region. Florida brokers reported that sales growth, measured year-over-year, rebounded in November after moderating slightly in the previous two months. These sales continued to be driven by international and cash sales. Elsewhere in the District, most brokers reported that sales were similar to weak levels seen a year ago. Many contacts noted that appraisals remained problematic. Inventories declined on a year-over-year basis. Brokers continued to report downward pressure on home prices across most of the District. Many anticipate modest sales growth over the next several months with the most positive expectations coming from Florida brokers. Reports from District homebuilders indicated that new home sales and construction activity growth, measured year-over-year, were flat to slightly up. Builders also continued to report downward pressure on home prices with most reporting that prices were flat or down on a year-over-year basis, in spite of inventories that remained below year-earlier levels. Builders indicated a strong pickup in buyer traffic compared with the same time period as last year. Homebuilders anticipate new home sales and construction to improve modestly in the coming year. The majority of District commercial real estate contacts continued to report improving demand from earlier in the year. Brokers indicated modest improvements in demand for space with some noting that rent concessions had abated. Contractors continued to report improvements in construction activity from earlier in the year. However, financing remained challenging and Page 5 of 19 most projects were build-to-suit. The outlook among contacts improved modestly from early November with most contractors and commercial real estate brokers anticipating that construction activity will improve slowly during 2012. Manufacturing and Transportation

Reports from District homebuilders indicated that new home sales and construction activity growth, measured year-over-year, were flat to slightly up. Builders also continued to report downward pressure on home prices with most reporting that prices were flat or down on a year-over-year basis, in spite of inventories that remained below year-earlier levels. Builders indicated a CITY OF GRIFFIN strong pickup in buyer traffic compared with the same time period as last year. Homebuilders anticipate new home sales and Revenue Status Report - General Fund construction to improve modestly in the coming year. As of December 31, 2011 (Unaudited - Internal Use Only) The majority of District commercial real estate contacts continued to report improving demand from earlier in the year. Brokers indicated modest improvements in demand for space with some noting that rent concessions had abated. Contractors continued to report improvements in construction activity from earlier in the year. However, financing remained challenging and most projects were build-to-suit. The outlook among contacts improved modestly from early November with most contractors and commercial real estate brokers anticipating that construction activity will improve slowly during 2012. Manufacturing and Transportation On balance, District manufacturing contacts showed notable improvements in both levels of new orders and production in November after reporting several months of decelerating activity. In addition, more contacts reported improving expectations for future production than in previous reports. Export manufacturers and auto producers, in particular, reported strong activity. Auto producers noted that recent flooding in Thailand would likely have a modest, negative impact on production of some models as several plants in that region were damaged or forced to curtail operations for several weeks. Reports from transportation industry contacts remained positive in late November and December. Port authorities cited volume increases over last year with notable strength in exports. Trucking firms continued to report increased demand for their services but were struggling to meet customer needs because of a significant shortage of long-haul drivers. Banking and Finance Liquidity levels at depository institutions remained high as many banks reported strong deposit growth coupled with continued weak loan demand. Some banking contacts noted that they cut loan prices to attract new customers and offered loan concessions proactively to retain existing clients. There was also little demand for new housing loans, although bankers reported mortgage refinancing and automobile loan activity increased. In terms of commercial lending, loan growth among community banks and credit unions was primarily limited to owner-occupied enterprises, while some larger banks reported growth in areas such as energy and healthcare. Availability of credit/capital was not an issue for most large firms because of positive cash flow, adequate cash reserves, or a strong, long-standing relationship with their bank. Small business contacts, however, continued to report difficulty in obtaining credit from banks and some have turned to non-bank institutions for financing. Employment and Prices Contacts across most sectors continued to report modest hiring activity across much of the District. Most of the hiring has been temporary in nature and tied to seasonal employment. However, there were some scattered reports among healthcare and hospitality contacts in South Florida that hiring was occurring as a result of increased demand or expansion. Agriculture contacts reported labor shortages across Alabama, citing newly enacted immigration legislation as the culprit. Firms also noted reluctance towards adding new full-time employees because of uncertainty surrounding healthcare reform, a large pool of both over and under qualified applicants, and because productivity enhancements have made several positions redundant. Contacts were generally not as concerned with input costs as they had been in previous months, noting that commodity prices had leveled off or eased somewhat. Notable exceptions included reports of restaurants facing elevated food costs and ongoing price pressures from high transportation and shipping costs. Many businesses reported slightly improved margins in late November and December. However, with the exception of high-end apparel retailers and hospitality contacts, firms reported having little pricing power. In the Atlanta Fed's monthly business inflation survey of firms in the Sixth Federal Reserve District, respondents indicated in December that their inflation expectations for the coming year are 1.9 percent, down slightly from November. Looking forward, businesses indicated that costs for materials and labor may influence them to raise prices. Respondents did not expect changes in productivity, sales, or margin adjustments to have a significant influence on prices over the coming year. Natural Resources and Agriculture Energy industry contacts indicated that they continued to add to their workforces and that plans to invest in increased production capacity were proceeding. Permitting for shallow water rigs in the Gulf of Mexico picked up slightly. The first lease auction for deepwater exploration since last year's Gulf oil spill occurred in December with 191 tracks being sold for $337.7 million. While much of the District witnessed various degrees of drought ranging from "abnormally dry" to "exceptional" in late November and December, both Georgia and Louisiana experienced the most severe conditions. Demand for cotton was flat as a result of global economic concerns and competition from synthetic fibers. Prices for cattle and hogs continued to increase because of strong foreign demand. Several regional agritourism contacts noted plans to expand next year.

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CITY OF GRIFFIN Revenue Status Report - General Fund

As of December 31, 2011 (Unaudited - Internal Use Only)

II. Unemployment Numbers

21.00 Griffin, July 2009, 19.6
Griffin, 7.10 Spalding, 5.90

15.60 13.70 10.40

15.40 13.30 10.40

Griffin, 13.90 Spalding, 12.50 Georgia, 9.70

14.00
7.00 0.00

Georgia, 4.70

Dec-2008

Dec-2009

Dec-2010

Dec-2011

Latest Unemployment Figures

Georgia Dec-2008 Dec-2009 Dec-2010 Dec-2011 Labor Force 4,816,351 4,720,037 4,685,727 4,750,808 Employment 4,428,587 4,228,897 4,197,864 4,291,532 Unemployment 387,764 491,140 487,863 459,276 Un% Change in employment # Change in UnUnRate employment employment 8.10 10.40 10.40 9.70 103,376 (3,277) (28,587) 26.66% -0.67% -5.86%

Spalding County Dec-2008 Dec-2009 Dec-2010 Dec-2011

Labor Force 28,763 28,279 27,981 28,433

Employment 25,787 24,399 24,272 24,811

Unemployment 2,976 3,880 3,709 3,622

Un% Change in employment # Change in UnUnRate employment employment 10.30 13.70 904 30.38% 13.30 (171) -4.41% 12.70 (87) -2.35% Un% Change in employment # Change in UnUnRate employment employment 11.80 15.60 358 31.32% 15.40 (38) -2.53% 13.90 (148) -10.12%

Griffin Dec-2008 Dec-2009 Dec-2010 Dec-2011

Georgia

Labor Force 9,686 9,611 9,507 9,450

Employment 8,543 8,110 8,044 8,135

Unemployment 1,143 1,501 1,463 1,315

Spalding County

Georgia

Spalding County

Data comes from the U.S. Department of Labor, Bureau of Labor Statistics Page 7 of 19

CITY OF GRIFFIN Revenue Status Report - General Fund

As of December 31, 2011 (Unaudited - Internal Use Only)

III. General Fund Revenue Sources

How do employment economics relate to the City of Griffin and its revenue sources? The City's general fund revenue sources include (by category) Taxes, Intergovernmental, Fines and Forfeitures, Licenses and Permits, Charges for Services, Rents and Royalties, etc These types of revenue sources, such as taxes, are subject to economic ebbs and flows, are directly and indirectly connected through changes in the unemployment figures.

Taxes

Taxes account for approximately 59 percent of the City's general operating revenue coming from property taxes, local option sales taxes, insurance premium taxes, alcohol taxes, business occupation taxes, and motor vehicle taxes, etc Property taxes alone represent approximately 23 percent of general fund revenue followed by local option sales tax of approximately 19 percent of general fund revenue. This category accounts for revenue sources (predominantly grants) from other governmental agencies.

Intergovernmental

Fines and Forfeitures

Near 7 percent of total general fund revenue, traffic fines make up 66 percent of this category or $762000 with the balance (34 percent or $393000,) from traffic cameras (running red lights), parking tickets, seatbelt fines, and ordinance fines. Licenses and permit make up less than 2 percent of the general fund revenue source. Licenses make up approximately 72 percent or $194000 of this category. The balance of 28 percent or $74700 comes from permits and 0 percent or $0 from regulatory fees and interest from delinquent payments. Service fees include business occupation tax administration fees, police service charges for copies, documents, etc., plan review and zoning document fees, and pavilion rentals. This category also includes a large portion ($4.4M) in administrative cost allocations coming from enterprise and internal services funds. Cost allocations, depending on their nature, can be non-cash book entries in order to comply with Generally Accepted Accounting Principles (GAAP). Allocations are designed to shift and allocate costs to the business units in order to show the true operating costs.) These are revenues from leased office and parking lot spaces. This category represents interest and dividend earnings from investments. This category includes insurance settlements, claims, recoveries, and miscellaneous reimbursements.

Licenses and Permits

Charges for Services

Rents and Royalties Investment Income Miscellaneous Revenues

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CITY OF GRIFFIN Revenue Status Report - General Fund

As of December 31, 2011 (Unaudited - Internal Use Only)

IV. Revenues by Category

General Fund Total General Fund Revenues

Rolling Twelve Month Actual Projected Over (Under) Budget % Variance % Weighted 280,012 1.58% 100.00%

Budget Total Revenues By Category Operating Revenue Taxes Licenses and Permits Charges for Services Fines and Forfeitures Rents and Royalties Total Operating Revenue Non-operating Income Intergovernmental Interest/Investment Income Contributions and Donations Gain (Loss) on Sale of Capital Assets Total Non-operating Income Transfers in from Other Funds Total Revenues

Projected

$ 17,699,818 $ 20,127,320 $ 17,979,830 $ 2 196 202

10,426,000 268,700 4,654,420 1,155,000 177,780 16,681,900

13,472,840 346,400 4,792,500 946,800 207,340 19,765,880

10,545,490 353,900 4,706,200 1,097,800 212,300 16,915,690

119,490 85,200 51,780 (57,200) 34,520 233,790

1.15% 31.71% 1.11% -4.95% 19.42% 1.40%

42.67% 30.43% 18.49% 20.43% 12.33% 83.49%

250,418 10,500 12,000 650,000 922,918 95,000

204,200 16,300 790 9,100 230,390 131,050

235,600 19,600 340 672,000 927,540 136,600

(14,818) 9,100 (11,660) 22,000 4,622 41,600 280,012

-5.92% 86.67% -97.17% 3.38% 0.50% 43.79% 1.58%

5.29% 3.25% 4.16% 7.86% 1.65% 14.86% 100.00%

$ 17,699,818 $ 20,127,320 $ 17,979,830 $ 0 0 0

Adjustments: Gain (Loss) on Sale of Capital Assets: $ 650,000 $ 9,100 $ 672,000 $ 22,000 0 672,000 0 22,000 0 280,012 1.58%

***No adjustments as of the report date.*** Gain (Loss) on Sale of Capital Assets after Adjustments: 650,000 9,100 Total Adjustments: 0 0 Total Revenues after Adjustments

$ 17,699,818 $ 20,127,320 $ 17,979,830 $

ANALYSIS: Total General Fund Revenues as of the date of this report are forecast at $18 million after adjustments (up $280 thousand or 1.58 percent of Budget). As of December 31, 2011 the revenue forecast model projects Local Option Sales Tax (LOST) revenues at $3.4 million (up $136 thousand dollars or 4.1 percent of Budget).

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CITY OF GRIFFIN Revenue Status Report - General Fund

As of December 31, 2011 (Unaudited - Internal Use Only)

V. Revenues

General Fund Tax Revenues

Rolling Twelve Month Actual Projected Over (Under) % Weighted Budget % Variance on Category 119,490 1.15% 100.00%

Budget Total Tax Revenues By Category Property Taxes Real Property Tax Public Utility Tax Motor Vehicle Tax Intangible Tax Railroad Equipment Tax Real Estate Transfer Tax Timber Tax Real Property Tax - Prior Year Heavy Equipment Tax Property not on Tax Digest Sub-total Property Taxes Franchise Taxes Franchise Fees - Electric Franchise Fees - Natural Gas Franchise Fees - Cable Television Franchise Fees - Telephone Sub-total Franchise Fee Taxes Food and Beverage Taxes Wine Tax Beer Excise Tax Liquor Excise Tax Sub-total Beer, Wine, Liquor & Mixed Drink Tax Payment in Lieu of Taxes Local Option Sales Tax (LOST) Hotel Motel Tax Business Occupation Tax Insurance Premium Tax Financial Institution Tax Penalty and Interest on Delinquent Taxes Penalty and Interest on Delinquent Business Licenses and Permits Homeowner's Tax Relief Grant Total Tax Revenues

Projected

$ 10,426,000 $ 13,472,840 $ 10,545,490 $

3,800,000 45,000 275,000 14,000 4,000 6,000 0 0 0 0 4,144,000 75,000 160,000 230,000 141,000 606,000 0 500,000 71,000 571,000 5,000 3,300,000 0 400,000 1,300,000 80,000 20,000 0 0

6,636,600 300 289,140 17,400 4,900 4,500 0 217,740 0 3,000 7,173,580 56,460 159,000 222,900 118,000 556,360 0 575,200 47,400 622,600 0 3,452,000 0 430,800 1,099,000 84,100 53,400 1,000 0

3,953,100 37,800 285,990 18,400 4,700 4,500 0 0 0 0 4,304,490 72,600 159,000 222,900 122,300 576,800 0 532,200 73,000 605,200 4,000 3,436,000 0 393,100 1,103,000 75,300 46,800 800 0

153,100 (7,200) 10,990 4,400 700 (1,500) 0 0 0 0 160,490 (2,400) (1,000) (7,100) (18,700) (29,200) 0 32,200 2,000 34,200 (1,000) 136,000 0 (6,900) (197,000) (4,700) 26,800 800 0 119,490

4.03% -16.00% 4.00% 31.43% 17.50% -25.00%

128.13% 6.03% 9.20% 3.68% 0.59% 1.26%

3.87% -3.20% -0.63% -3.09% -13.26% -4.82%

134.31% 2.01% 0.84% 5.94% 15.65% 24.44%

6.44% 2.82% 5.99% -20.00% 4.12% -1.73% -15.15% -5.88% 134.00% 100.00%

26.95% 1.67% 28.62% 0.84% 113.82% 5.77% 164.87% 3.93% 22.43% 0.67%

$ 10,426,000 $ 13,472,840 $ 10,545,490 $

1.15%

100.00%

Notes: - Franchise Fees are paid in quarterly installments

Cable fees average $50k to $51k per quarter. Phone fees average $36k to $38k per quarter.

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CITY OF GRIFFIN Revenue Status Report - General Fund

As of December 31, 2011 (Unaudited - Internal Use Only)

Taxes: Property Taxes

1. The 2011 property tax gross digest decreased to just under $580.1M (down $-15.7M from $595.7M in the prior year). 2. Maintenance and operations (M&O) exemptions decreased to $37M (up $2.1M from $34.9M in the prior year). 3. Changes in the gross digest and M&O exemptions reduced the net M&O digest to $543.1M (down $-17.7M from $560.8M in the prior year). In Summary The net levy decreased to $4689990 (down $153060 from $4843050 in the prior year).

Homeowners Tax Relief Grant (HTRG)

Fiscal year 2009 was the last year for the Homeowners Tax Relief Grant program.

Sales Tax Distribution

As of December 31, 2011 the revenue forecast model projects Local Option Sales Tax (LOST) revenues at $3.4 million (up $136 thousand dollars or 4.1 percent of Budget). Below is a chart of sales tax distributions for the City of Griffin, Spalding County and Griffin Board of Education. The chart shows distributions for the month, total distributions for the last twelve consecutive months, and year to date for the current fiscal year. Data comes from the Georgia Department of Revenue.

Sales Tax Distribution

Sales Tax Distribution As of December 31, 2011 Jurisdiction

Spalding - CITY OF GRIFFIN (LOST) Spalding - SPALDING COUNTY BOARD OF COMMISSIONERS (LOST) Spalding - SPALDING COUNTY BOARD OF COMMISSIONERS (SPLOST) Spalding - SPALDING COUNTY-GRIFFIN BD OF EDUCATION (ELOST)

Tax Type
LOST LOST SPLOST ELOST $ $ $ $

Amount of Distribution Last For the Twelve Current Month Months Fiscal Year
265,551 $ 398,323 $ 663,334 $ 663,872 $ 3,428,524 $ 5,142,783 $ 8,570,765 $ 8,571,711 $ 1,709,130 2,563,687 4,270,283 4,272,902

IT builds the tools and architecture, but it can't tell the business how the data should look. The business must own the data.

--Tom Willman, financial advisory principal at Hackett Group, as qoute by CFO.com

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CITY OF GRIFFIN Revenue Status Report - General Fund

As of December 31, 2011 (Unaudited - Internal Use Only)

General Fund Property Taxes(1)

2012 (Projected) 2011 4,662,904 $ 4,304,490 -2.83% -7.69% 29,000 $ -33.32% 46,800 61.38%

Property Tax Revenue (percentage change over prior years) Penalty and Interest on Delinquent Taxes (percentage change over prior years)

2008 4,798,148 $

2009 4,682,938 $ -2.40% 28,953 $ 39.14%

2010 4,798,935 $ 2.48% 43,489 $ 50.21%

20,808 $

(1) Property taxes as presented in the Comprehensive Annual Financial Report Statement of Revenues, Expenditures and Changes in Fund Balances Governmental Funds. Includes Real Property Tax, Public Utility Tax, Timber Tax, Real Property Tax - Prior Year, Motor Vehicle Tax, Railroad Equipment Tax, Intangible Tax, Heavy Equipment Tax, Property-Not-on-Digest, Real estate Transfer Tax, Homeowner's Tax Relief Grant (HTRG).

Tax Digest and 5 Year History

Real & Personal Motor Vehicle Mobile Homes Public Utility Timber Heavy Duty Equipment Gross Digest (dollar change over prior years) (percentage change over prior years) Less: Maintenance and Operations (M&O) Exemptions: (dollar change over prior years) (percentage change over prior years) NET: M&O Digest (dollar change over prior years) (percentage change over prior years) Millage (rate per thousand dollars) Net Levy (dollar change over prior years) (percentage change over prior years) 2007 $593,772,680 35,377,370 10,494 2008 $595,986,256 35,403,020 2009 $570,215,369 36,624,500 2010 $564,247,211 31,458,590 2011 $545,778,551 34,277,550

629,160,544

14,575 28,760 631,432,611 2,272,067 0.36%

45,000 6,017 606,890,886 (24,541,725) -3.89%

5,220 595,711,021 (11,179,865) -1.84% 580,056,101 (15,654,920) -2.63%

45,219,895

50,826,550 5,606,655 12.40% 580,606,061 (3,334,588) -0.57% 8.638 $5,015,280 (6,610) -0.13%

40,876,237 (9,950,313) -19.58% 566,014,649 (14,591,412) -2.51% 8.636 $4,888,100 (127,180) -2.54%

34,913,558 (5,962,679) -14.59% 560,797,463 (5,217,186) -0.92% 8.636 $4,843,050 (45,050) -0.92%

36,982,207 2,068,649 5.93% 543,073,894 (17,723,569) -3.16% 8.636 $4,689,990 (153,060) -3.16%

583,940,649

8.600 $5,021,890

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CITY OF GRIFFIN Revenue Status Report - General Fund

As of December 31, 2011 (Unaudited - Internal Use Only)

General Fund Licenses and Permits

Rolling Twelve Month Actual 346,400 $ Projected Over (Under) % Weighted Budget % Variance on Category 85,200 31.71% 100.00%

Budget Total Licenses and Permits Revenues By Category Licenses Beer License Wine License Liquor License Sub-total Licenses Permits House Moving Permits Burn Permits Zoning & Land Use Permits Sign Permits Catering Permits Building Permits Plumbing Permits Electrical Permits Gas Permits Mechanical Permits Sub-total Licenses and Permits Insurance Regulatory Fees Interest on Business Licenses Sub-total Licenses and Permits Total Licenses and Permits Revenues $ $

Projected

268,700 $

353,900 $

40,000 40,000 114,000 194,000 0 0 7,000 15,000 400 38,000 5,000 6,000 200 3,100 74,700 0 0 0 268,700 $

40,300 39,200 113,100 192,600 0 0 4,300 18,100 700 47,400 6,500 10,500 700 6,000 94,200 57,100 2,500 59,600 346,400 $

38,800 37,600 106,000 182,400 0 100 6,000 15,400 700 56,700 9,200 13,800 1,500 7,800 111,200 57,700 2,600 60,300 353,900 $

(1,200) (2,400) (8,000) (11,600) 0 100 (1,000) 400 300 18,700 4,200 7,800 1,300 4,700 36,500 57,700 2,600 60,300 85,200

-3.00% -6.00% -7.02% -5.98%

1.41% 2.82% 9.39% 13.62%

100.00% -14.29% 2.67% 75.00% 49.21% 84.00% 130.00% 650.00% 151.61% 48.86% 100.00% 100.00% 100.00% 31.71%

0.12% 1.17% 0.47% 0.35% 21.95% 4.93% 9.15% 1.53% 5.52% 42.84% 67.72% 3.05% 70.77% 100.00%

General Fund Licenses and Permits

Licenses and Permits Revenue (percentage change over prior years) Licenses (percentage change over prior years) Permits (percentage change over prior years) $ $ $ 2008 396,528 $ 176,475 $ 220,053 $ 2009 300,540 $ -24.21% 208,271 $ 18.02% 92,269 $ -58.07% 2010 284,588 $ -5.31% 185,438 $ -10.96% 99,150 $ 7.46% 2012 (Projected) 2011 285,302 $ 293,600 0.25% 2.91% 192,000 $ 3.54% 93,302 $ -5.90% 182,400 -5.00% 111,200 19.18%

$396,528 $300,540 2008 2009

$284,588
2010
Licenses and Permits Revenue

$285,302 2011

$293,600 2012 (Projected)

Page 13 of 19

CITY OF GRIFFIN Revenue Status Report - General Fund

As of December 31, 2011 (Unaudited - Internal Use Only)

General Fund Intergovernmental Revenues

Rolling Twelve Month Actual 204,200 $ Projected Over (Under) % Weighted Budget % Variance on Category (14,818) -5.92% 100.00%

Budget Total Intergovernmental Revenues By Category DNR Funding Federal DEA Overtime Reimbursement City of Atlanta HIDTA GMA Mutual Aid Reimbursements School Resource Officers Prism Training Revenue Spalding County Board of Education Reimbursement Spalding County Grants LCI Grant ARC LLEBG - Vest Grant Byrne Grant GMA Safety Grant FEMA Grants Sub-total Grants Total Intergovernmental Revenues $ $

Projected

250,418 $

235,600 $

0 20,000 7,000 0 127,800 16,000 0 0

42,700 21,800 1,200 0 127,500 2,400 0 6,000

0 23,100 7,000 0 139,900 6,300 0 0

0 3,100 0 0 12,100 (9,700) 0 0 0 0 0 0 (40) 5,000 (25,278) (20,318) (14,818) 15.50% 0.00% 9.47% -60.63% 20.92%

81.66% 65.46%

0 15,000 39,340 0 25,278 79,618 250,418 $

0 2,600 0 0 0 2,600 204,200 $

0 15,000 39,300 5,000 0 59,300 235,600 $

0.00% -0.10% 100.00% -100.00% -25.52% -5.92%

0.27% 33.74% 170.59% 137.12% 100.00%

General Fund Intergovernmental

Total Intergovernmental Revenue (percentage change over prior years) Intergovernmental Reimbursements (percentage change over prior years) Grants (percentage change over prior years) $ 2008 397,385 $ 2009 406,382 $ 2.26% 383,429 $ 13.35% 22,953 $ -61.17% 2010 678,255 $ 66.90% 394,755 $ 2.95% 283,500 $ 1135.13% 2012 (Projected) 2011 275,160 $ 235,600 -59.43% -14.38% 207,160 $ -47.52% 68,000 $ -76.01% 176,300 -14.90% 59,300 -12.79%

338,271 $

59,114 $

Total Intergovernmental Revenue

$800,000 $600,000 $397,385 $400,000 $200,000 2008 2009 2010 2011 2012 (Projected) $406,382 $275,160 $235,600 $678,255

Page 14 of 19

CITY OF GRIFFIN Revenue Status Report - General Fund

As of December 31, 2011 (Unaudited - Internal Use Only)

General Fund Charges for Services

Rolling Twelve Month Actual 4,792,500 $ Projected Over (Under) % Weighted Budget % Variance on Category 51,780 1.11% 100.00%

Budget Total Charges for Services Revenues By Category Indirect Cost Allocations IT Equipment Cost Allocation Returned Check Fees Election Qualifying Fees Business Occupation Tax Administration Fee Business List Reports Data Processing Fees Credit Card Fees Fire Inspections Cemetery Fees Pool Service Fees Sale of Recycled Materials Pavilion Rental Plan Review Fees Demolition Recovery Fees Customer Service Fee Zoning Application Fees Total Charges for Services Revenues $ $

Projected

4,654,420 $

4,706,200 $

4,437,870 0 0 1,600 30,000 0 36,000 0 0 130,000 4,650 0 7,000 4,000 3,000 0 300 4,654,420 $

4,519,700 35,800 100 2,800 24,300 4,500 12,800 3,400 200 159,300 1,600 0 12,900 11,400 3,000 0 700 4,792,500 $

4,437,900 0 4,600 2,800 30,300 4,500 24,100 3,300 200 162,400 2,100 0 14,100 11,700 6,300 0 1,900 4,706,200 $

30 0 4,600 1,200 300 4,500 (11,900) 3,300 200 32,400 (2,550) 0 7,100 7,700 3,300 0 1,600 51,780

0.00% 100.00% 75.00% 1.00% 100.00% -33.06% 100.00% 100.00% 24.92% -54.84% 101.43% 192.50% 110.00% 533.33% 1.11%

0.06% 8.88% 2.32% 0.58% 8.69% 22.98% 6.37% 0.39% 62.57% 4.92% 13.71% 14.87% 6.37% 3.09% 100.00%

General Fund Charges for Services

Charges for Services Revenue (percentage change over prior years) Indirect Cost Allocations (percentage change over prior years) Charges for Services (percentage change over prior years) $ 2008 5,174,480 $ 2009 5,043,464 $ -2.53% 4,743,332 $ -3.53% 300,132 $ 16.44% 2010 4,454,639 $ -11.68% 4,178,087 $ -11.92% 276,552 $ -7.86% 2012 (Projected) 2011 4,913,673 $ 4,706,200 10.30% -4.22% 4,673,000 $ 11.85% 240,673 $ -12.97% 4,437,900 -5.03% 268,300 11.48%

4,916,713 $

257,767 $

$5,174,480

$5,043,464 $4,454,639

$4,913,673 $4,706,200

2008

2009

2010

2011

2012 (Projected)

Page 15 of 19

CITY OF GRIFFIN Revenue Status Report - General Fund

As of December 31, 2011 (Unaudited - Internal Use Only)

General Fund Fines and Forfeitures

Rolling Twelve Month Actual 946,800 $ Projected Over (Under) % Weighted Budget % Variance on Category (57,200) -4.95% 100.00%

Budget Total Fines and Forfeitures Revenue By Category Police Revenue Traffic Fines Camera Traffic Light Fines Parking Tickets Seat Belt Fines Ordinance Fines Total Fines and Forfeitures Revenue* $ $

Projected

1,155,000 $

1,097,800 $

19,000 762,000 350,000 0 0 24,000 1,155,000 $

17,100 600,900 314,900 0 6,200 7,700 946,800 $

16,000 675,800 391,000 0 500 14,500 1,097,800 $

(3,000) (86,200) 41,000 0 500 (9,500) (57,200)

-15.79% -11.31% 11.71% 100.00% -39.58% -4.95%

5.24% 150.70% 71.68% 0.87% 16.61% 100.00%

*** Seat Belt Fines --- beginning July 1, 2011 seat belt fines are combined with traffic fines.

$863,445 $758,948

$728,000 $644,537 $675,800

$403,596 $391,308

$176,631 $327,000

$391,000

30-Jun-08

30-Jun-09
Traffic Fines

30-Jun-10

30-Jun-11

30-Jun-12

Camera Traffic Light Fines

Page 16 of 19

CITY OF GRIFFIN Revenue Status Report - General Fund

As of December 31, 2011 (Unaudited - Internal Use Only)

General Fund Other Revenues

Rolling Twelve Month Actual 16,300 $ Projected Over (Under) % Weighted Budget % Variance on Category 9,100 86.67% 8.07%

Budget Other Revenues Investment Income Rents, Royalties and Other Rents Insurance Claims Miscellaneous Revenue Contributions and Donations Sub-total Rents, Royalties and Other $

Projected

10,500 $

19,600 $

174,780 3,000 0 12,000 189,780

189,000 1,450 16,890 790 208,130

210,800 500 1,000 340 212,640

36,020 (2,500) 1,000 (11,660) 22,860

20.61% -83.33% 100.00% -97.17% 12.05%

31.94% 2.22% 0.89% 10.34% 20.27%

Proceeds and Other Financing Sources Proceeds of GMA Leases Proceeds of Sales of Fixed Assets Sub-total Proceeds and Other Financing Sources Transfers: Transfer from Hotel Motel Tax Fund Transfer from Police Technology Fund Transfer from Court Technology Fund Transfer from Water/Wastewater Transfer from Electric Fund Transfer from Welcome Center Fund Transfer from Solid Waste Fund Transfer from Airport Fund Transfer from Storm Water Fund Transfer from Golf Course Transfer from Motor Pool Transfer from GBTA

650,000 0 650,000

0 9,100 9,100

650,000 22,000 672,000

0 22,000 22,000

0.00% 100.00% 3.38%

19.51% 19.51%

18,000 51,000 26,000

24,500 69,770 36,780 3,531,260 3,630,320 (1,800)

27,500 72,300 36,800

9,500 21,300 10,800

52.78% 41.76% 41.54%

8.42% 18.89% 9.58%

8,600

8,600

100.00%

7.63%

379,950

(21,250)

8,600

8,600

100.00%

7.63%

Sub-total Transfers from Other Funds Total Other Revenues $

95,000 945,280 $

7,649,530 7,883,060 $

153,800 1,058,040 $

58,800 112,760

61.89% 11.93%

52.15% 100.00%

Page 17 of 19

CITY OF GRIFFIN Revenue Status Report - General Fund

As of December 31, 2011 (Unaudited - Internal Use Only)

General Fund Other Revenues

2008 71,454 $ 2009 15,966 $ -77.66% 191,521 $ -11.09% 883 -92.82% 14,884 $ -83.55% 2010 6,847 $ -57.12% 195,969 $ 2.32% 0 $ -100.00% 28,680 $ 92.69% 2011 8,829 $ 28.95% 196,689 $ 0.37% 454 $ 0.00% 4,957 $ -82.72% 2012 (Projected) 19,600 122.00% 210,800 7.17% 340 -25.11% 673,500 13486.85%

Interest Income (percentage change over prior years) Rental Income (percentage change over prior years) Donations and Contributions (percentage change over prior years) Other Revenues (percentage change over prior years)

215,418 $

12,296 $

90,462 $

$100,000

$75,000
$50,000 $25,000

$71,454

$15,966 $12,296 $6,847 $883 2009

Interest Income

$19,600 $8,829 $454 2011 $340 2012 (Projected)

0 2008

0 2010

Donations and Contributions

Any idiot can face a crisis - - it's the day-to-day living that wears you out."

--Anton Chekhov, Russian author and playwright

Page 18 of 19

CITY OF GRIFFIN Revenue Status Report - General Fund

As of December 31, 2011 (Unaudited - Internal Use Only)

THIS PAGE INTENTIONALLY LEFT BLANK

City of Griffin Department of Administrative Services Finance and Accounting Division 100 South Hill Street Griffin, Georgia 30223 www.cityofgriffin.com

Page 19 of 19