Braselton, Georgia, Town of

Transcription

1 Braselton, Georgia, Town of 1 Urban Redevelopment Agency of the Town of Braselton, Refunding Revenue Bonds (Municipal Facilities Project), Series, $3,280,000, Dated: February 24, 2 Urban Redevelopment Agency of the Town of Braselton, Revenue Bonds (Municipal Facilities Project), Series 2016, $8,440,000, Dated: December 30, Town of Braselton, Georgia Water and Sewerage Revenue Bonds, Series 2015A, $9,515,000 and Water and Sewerage Taxable Revenue Bonds, Series 2015B, $2,700,000, Dated: June 4, Town of Braselton, Georgia Water and Sewerage Refunding Revenue Bonds, Series 2012A, $10,000,000 and Water and Sewerage Taxable Refunding Revenue Bonds, Series 2012B, $5,880,000, Dated: April 10, Braselton, Georgia, Town of, Water and Sewerage Revenue Bonds, Series 2009, $10,285,000 Dated: December 30, 2009 Millage rates of the Town (or, if no ad valorem property tax was levied during the preceding Fiscal Year, a statement to that effect) No ad valorem tax was levied Ten largest ad valorem property taxpayers of the Town (or, if no ad valorem property tax was levied during the preceding Fiscal Year, a statement to that effect) No ad valorem tax was levied Property tax levies and collections of the Town (or, if no ad valorem property tax was levied during the preceding Fiscal Year, a statement to that effect) No ad valorem tax was levied

2 Estimated value of total tax executions owned by the Town (if none, a statement to that effect) None Computation of Legal Debt Margin Net Tax Digest for General Obligation Bond Purposes Debt Limit (10% of Tax Digest) Less Amount of Debt Applicable to Debt Limit, Net of Amounts Set Aside for Repayment of General Obligation Debt Legal Debt Margin Property Tax Digest of the Town Property Type Residential 481,575,027 Agricultural 1,067,616 Conservation Use 64,740 Brownfield Property Commercial 267,724,626 Industrial 157,622,180 Utility 6,730,084 Motor Vehicle 7,419,460 Mobile Home 11,168 Heavy Equipment Gross Digest 922,214,901 Bond Exemption Net Bond Digest 922,214,901 M&O Exemptions (173,144,703) Net M&O Digest 749,070,198

3 Town's General Fund Revenues by Source Revenues: Taxes 2,344,542 Licenses and permits 1,663,348 Fines and forfeitures 719,434 Investment earnings 1,170 Rental 53,586 Grants 167,926 Charges for services 562,848 Intergovernmental revenue 551,048 Miscellaneous 199,915 Total Revenues 6,263,817 Summary of Town Building Permits Residential Commercial/Industrial/Other Single Family Multi Family Year Permits Value Permits Value Units Value 43 n/a 218 n/a Largest Employers Employer Product/Service Employees The William Carter Co. Distribution Warehouse 750 Petco Distribution Warehouse 311 Haverty's Furniture Co. Distribution Warehouse 269 Chateau Elan Resorts Winery/Hotel/Spa 216 Mayfield Dairt Farms Manufacturer 210 Amazon Distribution Warehouse 201 Hitachi Manufacturer 160 Kroger Grocery Retail 152 Cracker Barrel Old Country Store Restaurant 130 Whole Foods Market Distribution Warehouse 115 Hotel/Motel Taxes Fiscal Year Ended June 30, 2107 Lodging Taxes 1,002,591

4 Water Demand Fiscal Year Ended June 30, 2107 Average Daily (MGD) 1.60 Maximum Daily (MGD) 2.10 Number of Water Customers by Class As of June 30, 2107 Customer Class Residential 4,695 Commercial and 248 Industrial Totals 4,943 Ten Largest Water Customers Percentage of Customer Water Revenues Total Water Revenues 1. CHATEAU ELAN 206, % 2. MAYFIELD DAIRY 189, % 3. MAYFIELD DAIRY 135, % 4. CHATEAU ELAN INN 66, % 5. CHATEAU ELAN 24, % 6. BRISBOIS, MIKE 24, % 7. CHATEAU ELAN 23, % 8. WHOLE FOODS MARKET 20, % 9. SPEEDWAY SUPERAMERICA #195 18, % 10. ELAN HOSPITALITY DBA COUNTRY INN 15, % Total 726, % 4,026, Treated Wastewater Flow Average Daily (MGD) 0.81 Maximum Daily (MGD) 1.40

5 Number of Sewer Customers by Class As of June 30, 2107 Customer Class Residential 3,102 Commercial and 139 Industrial Totals 3,241 Ten Largest Sewer Customers Sewer Percentage of Customer Revenues Total Sewer Revenues 1 CHATEAU ELAN INN 70, % 2 CHATEAU ELAN 26, % 3 WHOLE FOODS MARKET 22, % 4 SPEEDWAY SUPERAMERICA #195 20, % 5 ELAN HOSPITALITY DBA COUNTRY INN 16, % 6 CHATEAU ELAN 15, % 7 CHATEAU ELAN 15, % 8 THE WILLIAM CARTER COMPANY 15, % 9 GUVEN, JON 14, % 10 ELAN MOTOR SPORT 13, % Total $ 232, % 1,889, Rates, Fees and Charges Monthly Water Service Rates Effective Period 2,000 or Less 2,001 to 5,000 5,001 to 10,000 Over 10,000 July 1, 2016 to June 30, Minimum 5.58 per 1,000 gal 6.36 per 1,000 gal 6.67 per 1,000 gal Current Monthly Minimum Charges on Meters for Water Service Minimum Charge Meter Size Inside Town Outside Town 3/4" $18.62 $ " $31.03 $ /4" or 1 1/2" $62.05 $ " $ $ " $ $ " $ $ " $ $ " $ $1, " $2, $3,155.40

6 Water Connection, Meter, and Tap Fees Meter Size Connection Fees Meter Fees Tap Fees * 3/4" $ 1,430 $ 185 $ 752 1" $ 2,390 $ 245 $ 875 2" $ 7,620 $ 1,650 $ 2,970 3" $ 15,260 4" $ 23,840 6" $ 47,660 8" $ 76,260 10" $ 161,590 * Note: Tap fees and meter fees (if installed by the Town) are to be based on actual costs of materials and labor at the time of installation. Meter fees, connection fees and tap fees a $35.00 processing fee is added. Monthly Residential Sewer Service Rates (Based on Water Consumption) Effective Period First 2,000 2,001 to 5,000 Over 5,000 July 1, 2016 to June 30, Minimum 6.21 per 1,000 gal 6.83 per 1,000 gal Monthly Commercial Sewer Service Rates (Based on Water Consumption) measured in gallons Effective Period First 2,000 2,001 to 5,000 Over 5,000 July 1, 2016 to June 30, Minimum 6.98 per 1,000 gal 7.68 per 1,000 gal Comparison of Monthly Residential Water and Sewer Bills of the System and Customers of Other Retail Water and Sewerage Systems Monthly Residential Utility Water and Sewer Bill The System (inside Town) $92.33 Barrow County Gwinnett County Hall County (as served by Gainesville) Jackson County Water and Sewerage Authority City of Jefferson (inside city) City of Jefferson (outside city) Based on 7,000 gallons per month 5/8 x 3/4" residential meter

7 Debt Service Coverage Ratio Historical Net Revenues Available for Debt Service on Bonds Including Connection Fees 4,045, Excluding Connection Fees 2,835, Historical Debt Service on Bonds 1,890, Historical Debt Service Coverage Ratios on Bonds Including Connection Fees 2.14 Excluding Connection Fees 1.50, 2015A,B, 2012A,B, 2009 Insurance Coverage of the System Type Amount in Force Property $35,000,000 Limits of Liability Type Each Occurrence Aggregate General Liability $1,000,000 None Automobile Liability $1,000,000 None Public Officials Liability $1,000,000 None Employee Benefits Liability $1,000,000 None Commercial Blanket Bond 500,000 None Depositors Forgery 500,000 None Money and Securities 500,000 None Series 2009 Total Costs of Capital Improvements and Funding Sources Funding Sources Total Costs of Debt Proceeds Capital System and Investment Fiscal Year Improvements Revenues Earnings $ 4,312,296 $ 1,409,589 $ 2,902,707 If generally accepted accounting principles have changed since the last Annual Report was submitted and if such changes are material to the Town, a narrative explanation describing the impact of such changes on the Town None