popular annual financial report

The Henry County Board of Commissioners

About the Popular AnnualFinancial Report

General Henry CountyGovernment Information

Outstanding Achievementin Financial Reporting

Revenue Sources and Expenditures

Department Overviews

Financial Snapshot

Key Values and Financial Reporting

Financial Management andGovernment Policies

Glossary of Terms

“The Coin Toss” by Jon Minnihan was awarded Best ofShow in the 2011 Henry County Parks & Recreationannual photography contest. The photography contestencourages citizens to creatively capture all aspects ofparks, recreation, and sports, and the best photos arefeatured in the yearly calendar.

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2011 POPULAR ANNUAL FINANCIAL REPORTFOR FISCAL YEAR ENDED JUNE 30, 2011

www.henrycounty-ga.org4

HENRY COUNTY LEADERSHIP

Elizabeth ‘B.J.’ MathisCHAIRMAN

Warren E. HolderDISTRICT I

Fred AulettaDISTRICT II

Randy StameyDISTRICT III

Reid A. Bowman, Sr.DISTRICT IV

Bruce HolmesDISTRICT V

Board of Commissioners

2011 POPULAR ANNUAL FINANCIAL REPORT 5

We are pleased to present the Henry CountyPopular Annual Financial Report (PAFR) for the fiscalyear ended June 30, 2011. As many governments andretail businesses do, Henry County runs its budget ona “fiscal year,” rather than a calendar year. This is so wecan close the accounts during a slower time of the yearthan December, when property tax is being received andsales tax receipts are higher due to holiday shopping.The U. S. Government and State of Georgia run on afiscal year of October 1 to September 30. Henry Countychooses to run its fiscal year from July 1 to June 30,along with 264 other counties and municipalities inGeorgia. This report deals with the fiscal year that ranfrom July 1, 2010 to June 30, 2011, and is known as FY 10-11.

The purpose of this Popular Annual FinancialReport is to summarize and simplify informationcontained in the Comprehensive Annual FinancialReport (CAFR) of Henry County, which is due sixmonths after the close of the fiscal year. The County’sfinancial statements are prepared in accordance withGenerally Accepted Accounting Principles (GAAP) in theUnited States of America and are independently auditedby Mauldin & Jenkins, CPA. The CAFR is available forreview online at www.henrycounty-ga.org/Finance.Much of the information in the audited financialstatements is necessarily technical and complex. As a

result, the full financial statements may not beparticularly useful to the citizens of Henry County whowish to better understand County finances.

Six years ago, Henry County began issuingsimplified financial reports, commonly referred to asPopular Annual Financial Reports (PAFR). These reportsare intended to better inform the public about theirgovernment’s financial condition, without excessivedetail or the use of technical accounting terms.

This PAFR, which has been generated internallyby the Henry County Financial Services Division and theCommunications Department, summarizes and explainsthe information contained in the financial statements forFY 10-11, along with other information on the County’sfinances, in easily understood terms. The PAFR isunaudited and does not conform to GAAP andgovernmental reporting standards.

Inside this year’s PAFR, you will find accountingdefinitions that will help you understand the awards wehave won for previous PAFRs, general informationabout your County government, a brief summary onHenry County’s economy, overviews from differentgovernment departments showing how some of yourmoney was spent this fiscal year, financial governmentpolicies we follow, and finally, how well your Countygovernment did this year.

About the PAFRThe Popular Annual Financial Report of Henry County is presented as ameans of increasing public understanding and confidence in Countygovernment and its elected officials through easier, more user-friendlyfinancial reporting. As you review our PAFR, we invite you to share anyquestions, concerns or recommendations you may have.

You may access this document, along with the Comprehensive AnnualFinancial Report, which contains a detailed financial breakdown, on the

Henry County website at www.henrycounty-ga.org


HENRY COUNTY LEADERSHIP

The governing authority of Henry County is aBoard of Commissioners consisting of five memberselected by district and a Chairman elected at-large. Thecommissioners serve on a part-time basis and areelected to staggered terms of four years. Thecommissioners are responsible, among other things,for passing ordinances, adopting the budget,establishing tax rates, appointing committees andhiring both the County’s manager and attorney. TheCounty Manager is responsible for the administrationof all of the affairs of the County over which he or shehas jurisdiction, including offering positions ofclassified employment, as well as appointing heads ofvarious departments.

Henry County provides a full range of services,including law enforcement; corrections; theconstruction and maintenance of public buildings,parks, streets, highways, bridges, storm water drainagefacilities, and other associated infrastructure; parks andrecreational activities; 911 emergency communications;voter registration and elections; court systems; taxassessment and collections; building inspections;geographic information system; planning and zoning;recycling; and general administrative and supportactivities.

The County provides police protection to theunincorporated areas of the County and the City ofStockbridge. The County also provides fire protectionand emergency medical services to all areas of theCounty except the City of McDonough, which has itsown Fire Department.

ELECTED OFFICIALSSheriff Keith McBrayerTax Commissioner David CurryDistrict Attorney Tommy FloydSenior Superior Court Judge Arch McGaritySuperior Court Judge Wade CrumbleySuperior Court Judge Brian AmeroClerk of Superior Court Barbara HarrisonSenior State Court Judge Ben Studdard IIIState Court Judge James T. Chaffin IIIState Court Judge Ernest BlountState Court Judge Jason T. HarperSolicitor of State Court Charles Alan SpahosMagistrate Court Judge Robert GodwinProbate Court Judge Kelley PowellCoroner Donald ClevelandSurveyor Wayne Powers

APPOINTED OFFICIALSCounty Manager James “Butch” SandersCounty Clerk Shay MathisCounty Attorney LaTonya WileyPlanning & Zoning Services Michael HarrisPublic Works Terry McMickleSocial Services Angie BaileyFinancial Services Mike Bush

Your GovernmentHenry County was formed in 1821 from Creek Indian lands. Georgia’s 50th county islocated approximately 30 miles southeast of the City of Atlanta, and is considered partof the metropolitan Atlanta area. The County currently occupies 324 square miles ofland and serves a population of more than 207,000. Four municipalities are locatedwithin Henry County: McDonough, which is the County seat, Stockbridge, Hampton,and Locust Grove.


Outstanding Achievement


“The Government FinanceOfficers Association of the United Statesand Canada (GFOA) has given an Awardfor Outstanding Achievement in PopularAnnual Financial Reporting to HenryCounty Board of Commissioners,Georgia, for its Popular Annual FinancialReport for the fiscal year ended June30, 2010. The Award for OutstandingAchievement in Popular AnnualFinancial Reporting is a prestigiousnational award recognizingconformance with the highest standardsfor preparation of state and localgovernment popular reports. This is thefourth year that Henry County hasreceived this prestigious award.

In order to receive an Award for Outstanding Achievementin Popular Annual Financial Reporting, a government unit mustpublish a Popular Annual Financial Report, whose contentsconform to program standards of creativity, presentation,understandability and reader appeal.

An Award for Outstanding Achievement in Popular AnnualFinancial Reporting is valid for a period of one year only. Webelieve our current report continues to conform to the PopularAnnual Financial Reporting requirements, and we are submittingit to GFOA.”

Henry County has won theCertificate of Achievement forExcellence in Financial Reportingin all years that wehave submitted aPopular AnnualFinancial Report forjudging, dating backto 2006.


REVENUES & EXPENDITURES

Total General Fund revenues of the fiscal year, which ended June 30, 2011 were $112,477,055. Revenues of the prior year were$122,878,897. Revenues decreased due to a reduction in residential property values affected by foreclosures and bank sales includedin calculations of the value of all properties. Sales tax also decreased due to slight downturn in the local economy.

Property Taxes • $67,552,279 (60.06%)

Sales Taxes • $17,969,638 (15.98%)

Other Taxes • $6,911,559 (6.14%)

Licenses & Permits • $1,466,665 (1.30%)

Intergovernmental • $2,913,375 (2.59%)

Fines & Forfeitures • $4,485,101 (3.99%)

Charges for Services • $9,676,586 (8.60%)

Miscellaneous • $1,366,061 (1.21%)

Investments • $70,375 (0.06%)

Contributions • $65,416 (0.06%)

Revenue Sources

TOTAL REVENUES • $112,477,055


Total expenses during the year ended June 30, 2011 were $111,675,095. Expenditures of the prior year were $120,022,497. The decreasein expenditures of $8,947,402 is primarily related to a combined effort by all departments to tightly manage spending, the consolidationof several departments, not filling vacant positions and observing four furlough days.

Public Safety • $58,928,897 (52.77%)

Public Works • $8,081,124 (7.24%)

Health & Welfare • $5,720,687 (5.12%)

Culture & Recreation • $6,538,889 (5.86%)

Housing & Development • $3,078,658 (2.76%)

General Government • $14,973,079 (13.41%)

Judicial • $14,353,761 (12.85%)

Expenditures

TOTAL EXPENDITURES • $111,675,095


Saving LivesThe Henry County Fire Department frequently responds to structure fires,

many of which are found to be fully engulfed at the time of their arrival. Savinglives is paramount in their daily battles, however, and due to their knowledge,training, experience, and new tools such as thermal imaging cameras, they areable to quickly locate the source of fires and not only fight the origin of the fire,but most importantly, save lives in the process.

However, one of the greatest tools in assisting the Fire Department mightnot be a tool on their truck, but something that is in the home: a smoke detector.The Henry County Fire Department works diligently to educate and inform citizensabout the importance of smoke detectors, testing them, and changing theirbatteries with each time change.

Smoke detectors help save lives and give citizens an opportunity to safelyexit a residence before it is too late, which in turn, makes the Fire Department’sjob a little easier.

DEPARTMENTOVERVIEWS

Animal Care & Control • 14Code Enforcement • 14Fire Department • 15Human Resources • 16Neighborhood Stabilization Program • 16Parks & Recreation • 17Police Department • 20Purchasing • 20Transit • 21


DEPARTMENT OVERVIEWS

ANIMAL CARE & CONTROLThe mission of Henry County Animal Care &

Control is to enforce the state laws and countyordinances pertaining to animal control andmanagement; educate the community in responsible petownership and wildlife care; and provide for the housingand care of stray, homeless, and animals impoundeddue to violations of the County’s animal control ordinance.

In fiscal year 2010 - 2011, Animal ControlOfficers responded to a total of 9,243 complaints. Theyissued 1,349 warnings and 261 citations. The AnimalCare and Control Shelter, located at 527 Hampton Streetin McDonough, housed 5,993 animals during the fiscalyear. Of those, 623 animals were reclaimed by theirowners, 905 were adopted from the shelter, and 965went to licensed rescue groups.

The department also handles rabies control forHenry County. In Fiscal Year 2010-2011, the departmentsubmitted a total of 14 animals for rabies testing. Ofthese, six animals were found to be positive for thevirus. To combat rabies, the department offers a low-cost rabies vaccine clinic twice a year. Approximately200 Henry County companion animals were vaccinatedagainst the rabies virus at each clinic.

A low-cost spay/neuter clinic continues twicea month, at no cost to the County, to assist in loweringthe number of unwanted puppies and kittens in thecommunity. Approximately 60 pets are spayed orneutered through the clinics each month.

Animal Control has increased awareness of

adoption and pet rescue opportunities through “Pet ofthe Week” features in local media and on variousInternet-based adoption sites such as Petfinder.com.

Animal Control has developed a “BitePrevention” education program for children in Pre-Kthrough Elementary grades, and has established the“Friends of Henry County Animal Shelter VolunteerProgram,” allowing adults 18 years of age and older theopportunity to assist in enriching the lives of companionanimals housed at the shelter and to assist with adoptionand rescue efforts.

The Department has also established the “KibbleCart,” a program which provides pet food to the pets ofsenior citizens who are serviced by the County’s Mealson Wheels Program.

In an attempt to reunite as many lost pets aspossible with their owners, the Department offers lowcost pet micro-chipping which provides permanentowner identification for pets. All pets that leave theshelter via adoption or transfer to rescue organizationsare microchipped before leaving the shelter. Pet ownersmay come to the shelter at any time, during normal business hours and have their personal pets microchipped.

CODE ENFORCEMENTThe Code Enforcement Division is responsible

for enforcing the Codes and Ordinances of the County.Code Enforcement is required to assist otherDepartments of the County in the prosecution of cases

According to 2008 Census estimates, Henry County is the 9th mostpopulous county in Georgia. At 324 square miles, Henry ranks 93rd (outof 159) in the state in area and is the f i f th largest in the 10-countyregion. As of 2011, the reported population was 207,800. Henry County'sever-changing demographics and growing populat ion are served byapproximately 1,600 employees spanning a variety of divisions,departments, and partnerships, a few of which are highl ighted in thefollowing pages.


such as violations of the building codes, healthordinances, and water ordinances, among others.Usually, the Code Enforcement Department will issue awarning notice to violators, giving the violator anopportunity to comply within a set time limit. Asummons to Magistrate Court is normally the last resort.

In FY 10-11, Code Enforcement Officersanswered 6,423 complaints. They issued 1,549warnings, and 114 citations. Code Enforcement alsoescorted five houses being moved through the County.

FIRE DEPARTMENTDuring fiscal year 2011, the Henry County Fire

Department was very successful in responding toemergency calls for help and providing the citizens witha notable amount of property saved from fire. HenryCounty Fire Department saved 15 million of the 19million dollars worth of property threatened by fire.However, the Henry County Fire Department providesservices well beyond just fighting fires. The departmentanswered a total of 21,566 requests for assistance. Thebreakdown is as follows: 874 fire responses, 186hazardous materials situations, 16,427Rescue/Emergency Medical Calls, 2,613 otherhazardous responses, 859 falsealarms, 359 mutual aid responses,and 248 other responses. OurAdvanced Life Supportambulances transported 12,461patients to area hospitals andmade another 4,673 patientcontacts offering assistance.

The department‘s TrainingDivision conducted 73 trainingclasses and our personnel logged58,576 hours of training. Thetraining division continues toprovide firefighter training,technical rescue, hazardousmaterials, professionaldevelopment, safety training, andthe paramedic academy thereby

offering consistent high quality education opportunitiesto personnel.

The department held its third and fourth CitizensFire Academy, graduating a total of 28 citizens from the10 week program. The academy is designed to involvecitizens in departmental activities by providing them withinformation on the day-to-day operations of the Fire Department.

The department’s Prevention Division conducted7,760 existing building inspections and 622 newconstruction inspections, reviewed 420 building plans,and attended 324 pre-construction meetings. Thesmoke alarm program assisted 103 residents with theinstallation and/or donation of smoke alarms. The childoccupant safety program inspected and/or installed 28car seats for parents and caregivers. In addition, thePrevention staff was reorganized and three memberswere relocated back to the Prevention Division at the FireAdministration Offices. The Prevention staff reaches outto schools, daycares, senior centers, and localorganizations to provide fire safety education tochildren, seniors, and all ages in between. The FireDepartment’s Prevention Division’s purpose is toeducate the public to “Prevent the Preventable” fire andlife safety incidents. The division does so through

A citizen, under the guidance of Fire Department personnel, participate in fire extinguisher drills during the Citzen’sFire Academy.



inspections, life safety code enforcement, fire safetyeducation presentations and career days at day cares,schools, both public and private, senior centers, andassisted living homes, etc. The department also hoststours of the Fire Safety Theater, located at Station 3 inStockbridge, as well as tours at the other fire stations.Fire and Life Safety Education was provided for nearly19,000 citizens in FY 2011.

The Operations Division accomplished threemajor projects during FY 2011. In fire protection, twonew fire trucks were purchased and large diameterhoses with quick connections were placed on all firetrucks. Large diameter hoses provide more water fasterto fire ground operations. In the emergency medicalservices area, the department took delivery of and set-up an Advance Vehicle Location System for all frontlineand reserve ambulances. This system will allow forbetter dispatching of emergency units by the 911 centerbecause of the system’s ability to track the exact locationof each unit. This system also provides mobile Wi-Fiallowing for transmittal of electrocardiograms (EKG’s)to the emergency department (ED) prior to the patient’sarrival. The ability to provide information to the ED priorto the patient’s arrival will afford doctors additional preptime for more timely aggressive, definitive care, thusconserving what could be valuable time for the patient.The department also took delivery of five newambulances and two re-mounted ambulances.

In all projects the department undertakes, theultimate goal is to create a safer work environment foremergency personnel and to provide the requisite toolsso that personnel can deliver the best fire andemergency medical services possible to the citizens ofHenry County.

HUMAN RESOURCES The Human Resources Department had a busy

year, responding to the needs of County citizens andapproximately 1,800 employees in a variety of ways.

During this past fiscal year, Human Resourcesprocessed 5,213 applications for employment, about13% less than the previous fiscal year. Henry Countyhired 132 new employees, compared to 215 last fiscalyear. These hirings were to replace 132 openingscreated by employees who resigned.

Internally, the department processed 162,216pieces of mail and handled 1,345 personnel action forms(including new hires, resignations/retirements,terminations, transfers, promotions, and suspensions)and 308 FMLA requests. The department also updatedthe County personnel policy manual and evaluated and updated the exempt/non-exempt status for 621 county positions.

NEIGHBORHOOD STABILIZATION PROGRAMHenry County is one of 23 Counties or

municipalities in Georgia to be awarded funding fromthe Georgia Department of Community Affairs (DCA) forits Neighborhood Stabilization Program (NSP), whichwas created under the Housing and Economic RecoveryAct of 2008. Designed to assist states and certain localcommunities experiencing particularly high foreclosureproblems and risk of property abandonment, the NSPDirect Allocation pool has allocated more than $54 million for projects that meet a minimum $500,000funding threshold. Henry County received more than $6 million in funding through the NeighborhoodStabilization Program in March 2009 — nearly threetimes more than the average award amount.

An ammonia release drill and Hazmat training exercise conducted by the HenryCounty Fire Department, as well as surrounding jurisdictions, not only preparespublic safety for such a scenario but also ensures a unified response effort bymultiple agencies.


The Neighborhood Stabilization Program hasproven to be a success in Henry County by enablingforeclosed homes to be put into the hands of buyers.The program not only helps people realize the dream ofhomeownership, but puts properties back into the taxdigest and alleviates the problems associated withforeclosed homes.

The objective of the program is to purchaseforeclosed residential property for the purpose ofstabilizing neighborhoods and encouraging re-use orredevelopment of property. The program offers down-payment assistance, up to $25,000, to qualifiedhomebuyers. But there are income restrictions; forexample, an individual can make up to $57,480 a yearand a family of six can have a yearly income of up to$95,160. The program requires buyers to be U.S.citizens, to take an eight-hour homebuyer educationcourse and qualify for a mortgage with a lender thatcomplies with sound lending practices. At the time the program began, Henry County had aforeclosure rate of 5.1 percent, with nearly 2,500 homesin foreclosure. Under the program, Henry County haspurchased 69 homes and has rehabilitated 69 houses.All 69 homes have either sold or are under contract.Henry County has 18 months to draw down the initial

funds, with four years to spend all of the incomegenerated from the program, which will be reinvestedinto the program to help even more families. TheCounty is on track to spend the funds necessary to keepthe program going.

PARKS & RECREATIONThe award-winning Henry County Parks &

Recreation Department oversees three recreationcenters, three banquet/event facilities, more than 1,200acres of parks including a Civil War Battlefield, anhistorical monument, Veterans Museum, 105 ball fields,5 basketball courts, and numerous recreation programsand services, including a Therapeutic RecreationDivision, and the production of several popularcommunity events. Also housed under Henry CountyParks & Recreation is Community Services, a programwhich allows those convicted of crimes to fulfill theirsentences through community service hours.

FacilitiesFY2010-11 was a big year for Parks &

Recreation in terms of facilities, with two new facilitiesopening, and a third having completed renovations to

dually house a Senior Center in LocustGrove.

The $3.2 million, 26,000 squarefoot Fairview Recreation Center openedthis year, providing a convenient locationfor residents in the area to get someexercise, and for youth to participate inprograms. Constructed using SPLOSTdollars, it features two regulation sizedbasketball gymnasiums that allow fortournament play, an indoor walkingtrack, an exercise and workout areacomplete with weights and equipment,an aerobics and dance room, a musicroom for lessons, and an arts and craftsroom. A community room is alsoavailable to be rented for parties and

community gatherings. Henry County has purchased and rehabilitated 69 houses. All 69 have either sold or are under contract.



Formerly the Locust Grove Baptist Church, theLocust Grove Recreation Center underwent a completetransformation. This facility serves as home base forthe Therapeutic Recreation Division, where specialneeds athletes are enjoying a new gym floor where theyhost Special Olympics Practices/Wheelchair Sports events. A new workout area and elevator arealso being installed.

Already a popular location for weddingreceptions and conferences, the Locust GroveConference Center was renovated this year to be able toaccommodate Senior Services’ programs. The carpetin the ballroom was replaced with hardwood floors sothat the room could double as a cafeteria, a room on thelower level was converted into a Billiard room while athird room was converted into an arts and crafts roomfor the seniors with the addition of a sink and cabinets.

Parks & AmenitiesHenry County Parks and Recreation is known for

its numerous innovative programs and variety ofamenities that contribute to the local economy throughthe tourism they attract.

HCPRD hosted 37 large tournaments involving1,171 teams that played a total of 1,699 games. Theseinclude the USSSA World Series Baseball Tournamentthat was held in July and the Atlanta Peach Classic

Soccer Tournament. The coaches, players and theirfamilies who come in for these tournaments contributemillions to the local economy by spending their moneyin local hotels, restaurants, and shopping centers.

The Veterans’ Wall of Honor also continues toattract thousands of visitors each year, in addition tohosting hundreds for the annual Memorial Day andVeterans Day ceremonies. Add to that the VeteransHistorical Museum in Heritage Park which housesunique wartime memorabilia from WWI to present, andthere is much to honor the nation’s veterans andremember their great sacrifices.

Also this year, Nash Farm Battlefield wasdesignated as one of 384 core battlefields in the CivilWar by the National Park Service (NPS). This is thehighest validation a battlefield can receive, and thedesignation was given upon the completion of thecomprehensive Update to the Civil War Sites AdvisoryCommission Report on the Nation’s Civil WarBattlefields published in June 2010.

Henry County Parks & Recreation also joined thegeocaching craze. Essentially a treasure hunt thatrequires the use of a handheld GPS device to help locateit, geocaching is a fun, inexpensive (free!) family-friendly activity that is encouraging tourism, whilegiving local families a new way to enjoy thecommunity’s scenic parks and get fit at the same time.

A notable new addition that has helped to attractmore tourism to our community is a Remote Control

One of the basketball gymnasiums at the recently constructed FairviewRecreation Center.

The main ballroom of the Locust Grove Conference Center is now alsofunctioning as a cafeteria.


Racing Track at Windy Hill Park. The remote controltrack was largely built using donated materials andrecycled lumber from the dugouts that once stood at thepark. It made its debut hosting the Georgia StateChampionship Race, which attracted 93 teams fromacross the southeast region. The same park alreadyboasts some of the County’s most unique amenities,including a paintball complex and a track for lawnmower racing.

Programs & EventsHenry County Parks & Recreation offers

numerous athletic, music, and art programs, amongothers, for all ages and abilities.

For instance, through its Day Camps held duringschool breaks at different sites throughout HenryCounty, Henry County Parks & Recreation addresses agreat need for parents to ensure the safety and wellbeingof their children whilethey are out of school.These day camps wereoffered for fall break,Thanksgiving Break,Christmas Break, mid-winter break, springbreak, and summerbreak. About 1,000campers attended atleast one week of campthroughout the year.

The TherapeuticDivision offers thespecial needspopulation in HenryCounty numerousopportunities to socializeand participate in athletic programs through Special Olympics, AAASP, and other Developmental Services Programs.

Youth have opportunities to participate ineverything from soccer and football to baseball, softballand tennis, in addition to basketball, in-line hockey, BMX and cheerleading.

Adults may enroll in softball, volleyball, tennis,or flag football in addition to activities like step aerobics,line dancing, karate, golf lessons and gymnastics.

The Community Service Program allowedinmates and probationers the opportunity to pay theirdebt to society if they were unable to meet the fineimposed by doing roadside litter pickup and departmental assistance, as well as routine janitorialduties at parks, the recycling center and county buildings.

EventsThough Henry County has reduced the number

of events it hosts each year, it has continued to host itsthree most popular events, providing free or low costactivities for families to enjoy together.

Thousands came out for the 4th AnnualFlashlight Easter Egg Hunt in March where they had their

picture taken with theEaster Bunny, played onthe inflatables, madeEaster crafts, had theirfaces painted andsearched for eggs in thedark using onlyflashlights.

Visitors to theFall Festival at HeritagePark in October enjoyedhayrides, inflatables,costume and pumpkin-carving contests,shopping and trick-or-treating around the

historic village. Kidsalso got a thrill out of the

haunted house and Spooky Bus. A Heritage Christmas at Heritage Park continues

to charm the crowds, where little ones can visit withSanta and go to “Elf School”, and everyone can enjoycaroling and other entertainment by local groups, all in anticipation of the lighting of the Heritage Christmas Tree.

Members of the Special Olympic Kayaking Team, part of Henry County Parks &Recreation Therapeutic Recreation Division, head out for practice.



POLICE DEPARTMENTThe Henry County Police Department continues

to provide citizens with the best possible lawenforcement protection through the upgrading ofequipment, the most up-to-date training available, andinformation sharing.

In FY 2010-2011, the Police Departmentresponded to 189,715 calls for service. They made 522drug arrests and 882 driving under the influence (DUI) arrests.

Compared to the same time period FY 2009-2010, Henry County saw decreases in rape, larceny(theft), stolen vehicles, and forgeries; with no increasein homicides or aggravated assaults.

One area of concern is in the prevalence ofnarcotics. The Police Department has joined with theFlint Circuit Drug Task Force, a cooperative task forceinvolving multiple local agencies (Hampton, LocustGrove, McDonough, the District Attorney's Office, HenryCounty Sheriff's Office and the Solicitor’s Office) in amutually beneficial effort in the fight against narcotics.

Another emphasis for the Police Department islarceny related crimes, to include the theft of metals.Due to a cooperative effort with the Cities of Hampton,Locust Grove, McDonough and Stockbridge, a grant wasawarded for the purpose of obtaining a shared reportingsystem for pawn shops, recyclers, precious metals &

gems dealers and the like to aid in improving therecovery of stolen properties, the apprehension ofoffenders and the reduction of larceny events.

The Police Department continues its efforts tokeep our roads safe by participating in the H.E.A.T.(Highway Enforcement of Aggressive Traffic) programin conjunction with a MOTORS Unit and Traffic AccidentInvestigation Unit. As compared to FY 2009-2010, FY2010-2011 saw about a 35% reduction in fatalities andabout a 1% reduction in accidents.

PURCHASINGThe Henry County Purchasing Department

actively directs the County’s procurement operationsand contract administration activities within theguidelines of State and Local Government ordinances.This department develops, coordinates, and evaluatesprocurement and contract administration practices,providing guidance and support to all departmentsunder the Board of Commissioners as well as ElectedOfficials and Constitutional Officers. Purchasing’sprimary goal is to assure all departments receive thebest quality at the lowest cost, which in turn savestaxpayers’ dollars. Performing contract administrationwith excellent standards of ethical conduct andprofessionalism is also of upmost importance. In 2011,

A Henry County Police Officer works with a young citizen during the Public SafetyNight event in the Fairview community.

An officer speaks with a driver about safety during a road check.


the Henry County Purchasing Department processed7,400 purchase orders, 134 written bids, and 72 sealedbids, proposals, or qualifications. All large purchasesmust go before the Board of Commissioners forapproval before the order can be placed.

Henry County can also take advantage of stateand federal contract pricing on certain items, such asvehicles and janitorial supplies, which saves both thetime and expense of the bid process.

Regardless of whether it’s through a bid orthrough a contract, Purchasing is always working toassure that the County – and therefore the taxpayers –gets the best value for those items. In fact, it isestimated that the Purchasing Department has savedHenry County taxpayers nearly $5 million over the lastfour years alone through the bidding process.

All bids are advertised in the Henry Daily Herald,the County's legal organ, and on-line.

TRANSITThe function of Henry County Transit is to

provide safe, reliable, accessible, and affordabletransportation to the citizens of Henry County. HenryCounty Transit provides curb-to-curb service based ona first-come-first-served reservation system Monday-Friday, 6 a.m. to 6 p.m. Fares are $4 per person, per stopfor citizens under age 60. For citizens over 60 years ofage, the fare is $2 per person, per stop.

In FY 2011, the Transit Department provided82,867 trips for citizens attending medical, shopping,education and employment activities. Of those trips,55,810 were provided for non-elderly citizens and27,057 for elderly residents.

The Transit Department was awarded $547,674in American Recovery and Reinvestment Act funds fromthe Federal Transit Administration. Those funds wereused for capital improvements which included a LubeShop and additional buses for the department. Anadditional grant with the Federal Transit Administrationwill provide funds for a new Transit facility which willhouse the day to day operations of the department andsecure parking area for buses.

Stockbridge City Councilman Harold Cochran cut the ribbon on the Henry CountyPolice North Precinct, located in the building named in his honor, the Harold L.Cochran Public Safety Complex (the former Stockbridge City Hall). Participatingwith him in the ceremony were, front row, from left to right: Police ChaplainPastor Ralph Easterwood, District 4 Commissioner Reid Bowman, Harold's wife,Bettye Cochran, Lee Stuart, Mayor of Stockbridge, and District 5 CommissionerBruce Holmes; Second row, from left to right, Henry County Police Chief KeithNichols, Major Mac Nale,and Stockbridge City Councilmen Shirley Dabney, MarkAlarcon, and Kathryn Gilbert.


FINANCIAL SNAPSHOT

Government-wide financial statements aredesigned to provide readers with a broad overview ofHenry County’s finances, in a manner similar to aprivate sector business. There is one government-widefinancial statement presented in this report, theStatement of Net Assets (Table 1). This statementpresents information on all of the County’s assets andliabilities, with the difference between the two reportedas net assets. The Statement of Activities (Table 2)provides information on the County’s revenues andexpenses and reports the difference between the twoas the change in net assets. Over time, increases anddecreases in net assets may serve as a useful indicatorof whether the financial position of the County isimproving or deteriorating.

In the case of Henry County, assets exceed edliabilities by $625,536,611 at the close of the mostrecent fiscal year. By far the largest portion of theCounty’s net assets (86.9 percent) reflects itsinvestment in capital (e.g., land, buildings, machineryand equipment, and roads), less any related debt usedto acquire those assets that are still outstanding. TheCounty uses these assets to provide services tocitizens; consequently, these assets are not available forfuture spending. Although the County’s investment inits capital assets is reported net of related debt, itshould be noted that the resources needed to repay thisdebt must be provided from other sources, since thecapital assets themselves cannot be used to liquidatethese liabilities.

Financial Snapshot

2011 2010 Total Assets $779,147,688 $792,686,609Total Liabilities $153,611,077 $174,764,312Total Net Assets $625,536,611 $617,922,297

TABLE 1 • Statement of Net Assets as of June 30, 2011

2011 2010 Total Revenues $165,701,586 $196,837,880Total Expenditures $158,087,272 $154,445,388Increase in Net Assets $7,614,314 $42,382,492Net Assets, Beginning of Year $617,922,297 $575,539,805Net Assets, End of Year $625,536,611 $617,922,297

TABLE 2 • Statement of Activities for the Fiscal Year Ended June 30, 2011


Where Your Property Tax Dollars Go


THE LOCAL ECONOMY

GOVERNMENTAL FUNDThe focus of Henry County’s governmental

funds is to provide information on near-term inflows,outflows, and balances of spendable resources. Suchinformation is useful in assessing the County’s financingrequirements. In particular, unreserved fund balancemay serve as a useful measure of a government’s netresources available for spending at the end of the fiscal year.

At the end of the current fiscal year, the County’sgovernmental funds reported combined ending fundbalances of $114,163,396, a decrease of $24,674,609in comparison with the prior year. There are severalfactors that came together to create the decrease in fundbalance within the governmental funds. One reason isthe decrease in the 2008 SPLOST Fund, which had a

decrease in fund balance due to the cost of all theprojects currently being constructed under the SPLOSTprogram. In addition, the 2002 SPLOST Fund is nearingcompletion and doesn’t have revenues to offset theexpenditures which is consistent with these typeprograms. Another reason for the decrease is becauseHenry County has made changes to our ambulancebilling process and has recalculated the collectability ofsome older receivables. Approximately 25.4% of theending fund balance ($28,993,657) constitutesunassigned fund balance, which is available forspending at the government’s discretion. An additional$4,446,003 is classified as non-spendable for prepaidexpenses, and advances to other funds, and theremaining fund balance, totaling $80,723,736, isclassified as restricted to indicate that it is not available

General FundThe General Fund is the chief operating fund of Henry County. At theend of the current fiscal year, unassigned fund balance of the GeneralFund was $31,756,428, while total fund balance reached $36,223,396.As a measure of the General Fund’s liquidity, it may be useful to compareboth unassigned fund balance and total fund balance to total fundexpenditures. Unassigned fund balance represents 28.4% of totalGeneral Fund expenditures, while total fund balance represents 32.43%of that same amount. Henry County’s reserved fund balance is small andrepresents reserved for fire safety and prepaid items.

The balance of the County’s General Fund decreased by $3,337,596during the current fiscal year. This was due to the decrease in PropertyTax, SPLOST, Fines and Forfeitures, Licenses and Permits and InterestRevenues. The original budget did not use fund balance, however, wehad to use $3,337,596 during the year due to a reduction in revenuesprovided by the ambulatory services.


for new spending because it has already beencommitted for Capital Projects ($47,575,333), for drugabuse treatment ($1,285,148), for federal and stategrants ($2,085,169), for law enforcement purposes($5,541,681), for public safety purposes ($5,917,585)and for debt service payments ($18,318,820).

CAPITAL ASSETSHenry County’s investment in capital assets for

its governmental activities as of June 30, 2011 amountsto $639,759,322 (net of accumulated depreciation).This investment in capital assets includes land, buildingsand system improvements, machinery and equipment,park facilities, roads, highways, and bridges.

LONG-TERM DEBTAt the end of the current fiscal year, Henry

County had total bonded debt outstanding of$73,629,729, which is backed by the full faith and creditof the government. The $73,629,729 general obligationbond issuances are the combination Series A bonds thatwere issued in October 2008 for $19,950,000, and theSeries B bonds that were issued in March 2009 for$67,290,000. This bond issuance has allowed theCounty to construct capital buildings and improvementsat today’s prices, saving tax payers money, while alsoenabling citizens to begin enjoying facilities sooner andget traffic relief faster. Henry County’s Special PurposeLocal Option Sales Tax (SPLOST) program is to be paidback during fiscal years 2010, 2011, 2012, 2013 and2014. Current year interest payments were made in Julyand December in the amount of $2,823,688. The bondswill be paid off with proceeds from the monthlycollection of the 2008 SPLOST revenue. Henry County’senterprise fund, which is reported under business-typeactivities, did not incur any debt and did not have debtin prior years.

Henry County maintains an “Aa1” issuer ratingfrom Moody’s and an “AA” rating from Standard andPoor’s for general obligation debt. This enables theCounty to borrow money at a much lower interest rate.

State statutes limit the amount of generalobligation debt a governmental entity may issue to 10%

of its total assessed calculation. The current limitationfor Henry County is $549,615,591, which is significantlymore than Henry County’s outstanding generalobligation debt.

DEBT SERVICE FUNDThe Debt Service Fund has a total fund balance

of $18,318,820, all of which is reserved for payment ofdebt service. Interest revenue for the current year was$22,037. Total expenditures in the Debt Service Fundwere $26,802,737, which included principle retirementsof $21,881,414, and interest and fiscal charges of$4,921,323. The net increase in fund balance during thecurrent year in the Debt Service Fund was $871,404.This increase was due to the County transferring fundsfrom the SPLOST III Fund in preparation of making thenecessary debt service payments for the bonds issuedin 2009.

SPLOSTThe 2008 Special Purpose Local Option Sales

Tax (SPLOST) accounts for the financial resourcesprovided from the 2008 one percent Special LocalOption Sales Tax. These resources must be used forvarious building projects and road improvementsthroughout the County. At the end of fiscal year 2011,the total fund balance was $36,869,780, a decrease of$15,668,218 from the prior year. The decrease in fundbalance is due to large projects that are continuing to bebuilt each year. As the large projects continue to be built,the fund balance will decrease over the life of theSPLOST program.

ASSETSGovernmental assets installed during the year

totaled $20,411,202. This investment in capital assetsincludes land, buildings and system improvements, aswell as machinery and equipment, park facilities, roads,highways, and bridges.

Major projects consisted of the following:• Acquisition of land for right-of-ways• Acquisition of land for parks


THE LOCAL ECONOMY

• Acquisition of land for future governmental use• Addition of completed roads• Equipment for public safety and public works• Computer servers and equipmentThe largest portion of the increase came from

the addition of infrastructure. This also explains thedecrease in construction in progress. Henry County’sSPLOST program is currently building capital and roadprojects that are at the peak of construction.Construction has also begun on a replacement FireStation, an additional Police Precinct, and a DomesticViolence Center. We are also constructing additionalroads, as well as adding turn lanes, traffic signals andmany other items that will help with the transportationneeds throughout Henry County.

BUDGETARY HIGHLIGHTSProperty tax revenue decreased by $5,980,671

(8.9 percent) during the year. Most of this decrease isdue to reductions in residential property taxes due toincluding foreclosure and bank sales in calculations ofthe tax values of all properties. Sales tax revenueincreased by $1,104,924 (2.50%) during the year. Thisis mainly due to a slight upturn in the local economy.Unrestricted investment earnings decreased by $27,677(22.5%) during the year because of the fall of interestrates related to the economy. During the year, there wasan increase of $1,000,075 in appropriations between theoriginal and final amended budget.

General government activities showed adecrease of $731,748 due to the distribution ofunallocated funds originally budgeted for vacancies andnew positions.

There was also a decrease in judicial functions,in the amount of $207,169, due Superior, State,Magistrate, Probate and Juvenile Courts reducing theirexpenditures from previous years.

Lastly, there was a decrease in housing anddevelopment of $22,050, due to the downturn in thehousing market. Henry County consolidated severaldepartments within the Planning & DevelopmentServices Division, did not fill positions when employeesleft the County and observed four furlough days.

Public Safety functions saw an increase, totaling$331,134, due to additional positions throughout thepublic safety function. The main departmentresponsible for the increased budget was the FireDepartment, which added additional personnel to eachshift to reduce overtime.

There was an increase in Public Works Servicesand related capital assets amounting to $799,421, dueto the increased productivity of the DOT crews. Moreasphalt was put down in fiscal year 2011 due to goodweather for the majority of the year.

Health and Welfare Services also increased theirbudget a total of $700,099, due grants received by theTransit department to purchase equipment and two buildings.

Culture and recreation went up $128,388, dueto additional personnel for after school and summercamp programs, along with additional programs beingrun by the Parks and Recreation department.

ECONOMIC FACTORS & NEXT YEAR’S BUDGETHenry County is strategically located along I-75

with a total of seven interchanges within its borders.With a low cost of living, temperate climate and easyaccess to Atlanta, Henry County provides all theconveniences of a large city, in a small townatmosphere. State and national economic indicatorsplace Henry County in an enviable position as one of thenation’s fastest-growing communities, and in fact,between 2000 and 2006, Henry County was ranked the2nd fastest-growing county in Georgia, and the 8thfastest-growing county in the nation. Henry Countyadded 66,693 residents during that period, and as ofJuly 1, 2011, had an estimated population of 207,800.

This continued growth has fueled expansions inthe economic sector. Henry County has a rich variety ofretail establishments ranging from large stores inoutlying shopping centers to small “Mom and Pop”shops that serve the downtown areas. In fact, the TangerFactory Outlet shopping complex in Locust Grove drawsmore than two million shoppers annually.

The unemployment rate for Henry County iscurrently 10.9 percent, which is 0 .8% higher than the


rate of one year ago. The unemployment rate for theState of Georgia at June 30, 2011 is 9.9%. A very largesector of Henry County’s working population was inconstruction, and there has been a large decrease inconstruction in Henry County as well as Georgia.

In addition to the permanent residents andbusinesses of Henry County, the County hosts a majorsporting event each year, aiding in the export of our taxburden through our Local and Special Purpose LocalOption Sales Taxes. The National Association of StockCar Racing (NASCAR) event is held each year at theAtlanta Motor Speedway in Hampton. Atlanta MotorSpeedway accounts for more than half of metro Atlanta’stotal revenue derived from sports and was projected tobring in $2.275 billion of the metro area’s $4.5 billionincome from sports from years 2000-2006. On race day,Atlanta Motor Speedway holds in excess of 125,000fans, making it one of the 10 largest cities in Georgia forthe day.

In Fiscal Year 2001, monthly Local Option SalesTax collections grew at a rate of 10.92% over 2000. Infiscal year 2002, LOST collections grew by 9.12% over2001 collections. In Fiscal Year 2003 monthlycollections increased by 7.47% over 2002. In FiscalYear 2004 monthly collections increased by 11.42%over 2003. In Fiscal Year 2005 monthly collectionsincreased by 9.52% over 2004. In Fiscal Year 2006monthly collections increased by 14.00% over 2005. InFiscal Year 2007 monthly collections increased by6.11% over 2006. In fiscal year 2008 monthlycollections decreased by 3.29% from 2007. In fiscalyear 2009 monthly collections decreased by 15.3% from2008. In fiscal year 2010 monthly collections increasedby 6.52% over 2009. In fiscal year 2011 monthlycollections decreased by 1.0% over 2010.

To help offset the rising costs of the County Jail,the Henry County Court System has created severalaccountability courts. There is a Mental Health Court, aDUI Court, and a Drug Court. The most impressive partof adding these additional courts is that the CourtSystem has done all the work without creating a burdenon the General Fund.

Based on the 2010 census, Henry County has

become an Entitlement County. Henry County iscurrently applying for the yearly allocation of moneygiven to Entitlement Counties. In the past, Henry Countyhad to compete against other non-entitlement groupsfor grants up to $500,000. Now the County won’t berequired to compete, but it will have to follow rigorousguidelines to make sure Henry County is considered forthe yearly allocations.

The new 2008 SPLOST, which started on April 1, 2009, now has an estimated collection of$180,000,000. Based on fiscal years 2008 and 2009collections, the County felt it necessary to adjust thetarget downward from the $240,000,000 estimated inthe prior fiscal year. Henry County will spend thismoney building capital projects, such as the addition tothe county jail, new fire station, other governmentalbuildings, and park projects. Road projects will alsocontinue consisting of paving dirt roads, improvingintersections, building new roads and working on bridges.

Henry County is also using in-housedepartments during 2011 to help with current projects.With the slowdown in construction, bids are morecompetitive and contractors are able to do more workin the same amount of time.

Henry County expects to continue to feel theeffect of the slowdown in the housing market along witha decline in impact fees generated by new buildingpermits. However, due to major commercial buildingprojects still slated for Henry County, the County ishopeful that these declines will stabilize and take anupward turn within the next budget cycle. During 2011and going forward, Henry County is doing its part to tryand secure outside funding sources such as grants andother bonding opportunities to continue to constructroad and capital projects that would have otherwisebeen postponed due to the reduction in SPLOSTcollections as a result of the sluggish economy.


KEY VALUES & FINANCIAL REPORTING

If effectively used, the County’s budget servesas the primary tool in allocating financial resources toprograms and services. Specifically, the budget canserve as a policy making tool, a management tool, afinancial tool, and a communication tool.

For accountability purposes, the Countyoperates in a “fish bowl.” That is, decisions are made inan open public forum ensuring the County isaccountable to its citizens while pursuing goals ofefficiency and effectiveness.

Henry County’s financial statements have beenaudited by Mauldin & Jenkins, Certified PublicAccountants, LLC. The audit was conducted inaccordance with auditing standards generally acceptedin the United States of America and GovernmentAuditing Standards issued by the Comptroller Generalof the United States. Those standards require that the

audit be planned and performed to obtain reasonableassurance about whether the financial statements arefree of material misstatement, whether caused by error,fraudulent financial reporting or misappropriation of assets.

An audit also includes assessing the accountingprinciples used and significant estimates made bymanagement, as well as evaluating the overall financialstatement presentation. Accordingly, the audit wasdesigned to obtain reasonable, rather than absolute,assurance about the financial statements.

This financial report is designed to provide ageneral overview of Henry County’s finances.Information in this report is taken from the 2010-2011Comprehensive Annual Financial Report, which isavailable for public review on the Finance Departmentpage of the Henry County Board of Commissioners’website at www.henrycounty-ga.org.

Financial ReportingThe key values of the County’s f inancial management include f iscalintegrity, prudence, planning, accountabi l i ty, honesty, and openness.Specif ical ly, i t is the County’s intent to maximize the level of publicgoods and services while minimizing the level of debt.

You may access this document, along with theComprehensive Annual Financial Report, which contains

a detailed financial breakdown, on the Henry Countywebsite at www.henrycounty-ga.org


How Henry County’s Fund BalanceHas Changed

Fiscal year ending June 30, 2011. An analysis of the fund balance of the General Fund for the last eight fiscal years is shown.

2001

2002

2003

2004

2005

2006

2007

2008

2009

2010

2011

$25,765,361

$26,524,487

$35,144,210

$35,745,892

$47,482,872

$53,561,758

$50,968,119

$51,776,801

$43,079,966

$39,243,083

$36,223,396


GOVERNMENT POLICIES

CASH MANAGEMENTCash management is complex because, unlike

private businesses, Henry County has a broader rangeof responsibilities. The County is expected to addressthe community’s social issues, protect the citizens’interests, provide public safety, and enforce laws andregulations. Henry County has contracted with WachoviaBank to provide banking services, and Merrill Lynch toprovide investment services. All operating funds of theCounty are carried in interest-bearing checkingaccounts, which bear interest at a special rate for non-profit and government entities. The County does notcurrently incur financial fees or charges for bankingservices. In relation to our prudent financialmanagement, Henry County maintains an Aa1 creditrating from Moody’s Investor Services and an “AA”rating from Standard and Poors. This rating producessignificant interest savings and is solid evidence of ourfinancial strength and stability

BUDGET PROCESSThe annual budget serves as the foundation for

Henry County’s financial planning and control. Alldepartments and agencies of Henry County are requiredto submit requests for appropriation to the CountyManager in March each year. The County Manager usesthese requests as the starting point for developing aproposed budget. The County Manager then presentsthis proposed budget to the Board of Commissionersfor review during the month of May.

The Board of Commissioners is required to hold

public hearings on the proposed budget and to adopt afinal budget by no later than June 30, the close of HenryCounty’s fiscal year. The appropriated budget isprepared by fund and department.

The County Manager may make transfers ofappropriations within a department. Transfers ofappropriations between departments and theappropriation of additional funds, however, require thespecial approval of the Board of Commissioners.

COUNTY FUNDSThis report includes all funds of the County, as

well as those component units that have beendetermined to meet the criteria for inclusion in theCounty’s reporting entity.

Henry County Water and Sewerage Authority,the Henry County Health Department, the Henry CountyLibrary System, and the Henry County DevelopmentAuthority are all legally separate entities that arecomponent units of the County due to the significanceof their operational or financial relationships with theCounty. Financial information for these component unitsis reported separately from the financial informationpresented for the primary government itself. Financialinformation on these four entities can be found in theNotes to the Financial Statement in the 2010 HenryCounty Comprehensive Annual Financial Report atwww.henrycounty-ga.org/Finance.

Financial ManagementHenry County has a responsibil ity to carefully account for public funds,to manage County f inances wisely, and to plan for the provision of public services.


Appropriations: An authorization granted by the Boardof Commissioners to spend revenue for purposesspecified in the appropriation act.

Assets: Items of ownership. Assets can include cash,stock, land, buildings, machinery, furniture, and otherequipment. There are several categories of Assets:

• Capital Assets: Assets of a long-term character(beyond the current year) that are intended to continueto be held or used, such as land, buildings, vehicles,machinery, furniture, and other equipment.

• Net Assets: The difference between total capitalassets and total capital liabilities. (Example: If the Countyowns a building worth $10 million, and we owe $4million on it, the Net Asset of the building is $6 million.)

• Restricted Assets: Assets that may not be usedfor normal operating purposes because of therequirements of regulatory authorities, provisions inbond contracts, or other legal agreements, but do nothave to be accounted for in a separate fund.

• Unrestricted Assets: Funds established toaccount for assets or resources that may be utilized atthe discretion of the Board of Commissioners.

Bonds: A certificate of debt issued by the Countygovernment guaranteeing payment of the originalinvestment plus interest by a specified future date.

Budget: A plan of financial operation using an estimateof proposed expenditures for a given period of time (afiscal year) and an estimate of proposed revenue tofinance the expenditures.

Expenditures: Government purchases which can befinanced by revenue and/or government borrowing, ie.bonds, tax anticipation notes, etc.

Fund Balance: The portion of fund revenue overexpenditures available for use.

General Fund: A fund used to account for the ordinaryoperations of the County government that are financedfrom taxes and other general revenue.

Liabilities: Future spending of revenue as a result ofpast transactions and other past events. Liabilities arereported on a balance sheet and are divided into twocategories:

• Current Liabilities: These liabilities arereasonably expected to be liquidated within a year. Theyusually include payables such as wages, accounts,taxes, and accounts payable, unearned revenue whenadjusting entries, portions of long-term bonds to be paidthis year, short-term obligations, and others.

• Long-term Liabilities: These liabilities arereasonably expected not to be liquidated within a year.They usually include long-term bonds, notes payable,long-term leases, pension obligations, and long-termproduct warranties. In these liabilities, the County hasto pay after a fixed period of time, usually longer than a year.

Revenue: Financial resources other than from interfundtransfers and debt issue proceeds. Henry Countyreceives Revenue through property taxes, sales andother taxes, licenses and permits, grants, fines andforfeitures, charges for service, administration fees,investment income, and miscellaneous sources.

Glossary of Terms

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