Spartanburg County, SC
COMPREHENSIVE ANNUAL FINANCIAL REPORT
For the fiscal year ended
June 30, 2008
Prepared by:
Finance Department
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Spartanburg County, South Carolina
Comprehensive Annual Financial Report
For the Fiscal Year Ended June 30, 2008
TABLE OF CONTENTS
Page No. Exhibit No.
INTRODUCTORY SECTION
Letter of Transmittal ........................................................................................................................................... 7
GFOA Certificate of Achievement ..................................................................................................................... 13
Organizational Chart .......................................................................................................................................... 14
List of Elected and Appointed Officials ................................................................................................................ 15
FINANCIAL SECTION
Independent Auditors' Report ............................................................................................................................ 19
Management's Discussion and Analysis………………………………………………………………………………. 21
Basic Financial Statements
Government-wide Financial Statements:
Statement of Net Assets ……………………………………………………………………………………………… 31 S-30
Statement of Activities ………………………………………………………………………………………………… 32 S-31
Fund Financial Statements:
Balance Sheet - Governmental Funds ……………………………………………………………………………… 33 S-32
Reconcilation of Governmental Funds fund balances to Net Assets of governmental activities …………. 34 S-32R
Statement of Revenues, Expenditures and Changes in Fund Balances - Governmental Funds …………… 35 S-33
Reconciliation of the Statement of Revenues, Expenditures and Changes in Fund Balances of
Governmental Funds to the Statement of Activities …………...………………………………………… 36 S-34
Statement of Net Assets - Proprietary Internal Service Fund ………………………………..………………… 37 S-36
Statement of Revenues, Expenses and Changes in Net Assets - Proprietary Internal Service Fund ……… 38 S-38
Statement of Cash Flows - Proprietary Internal Service Fund ...................................................................... 39 S-40
Statement of Fiduciary Net Assets - Agency Funds ………………………………………..…………………… 40 S-42T
Notes to the Financial Statements .................................................................................................................. 41
Required Supplementary Information
Schedules of Revenues, Expenditures and Changes in Fund Balances - Budget and Actual:
General Fund ………………………………………………………………………………………………………… 61 S-35
Solid Waste Management Fund ............................................................................................................... 64 S-79-1
Special Revenue Fund ............................................................................................................... 65 S-79-11
Infrastructure Condition Data:
Roads …………………………………………………………………………………..…...………………………… 66 S-93-1
Bridges ………………………………………………………………………...………….…………………………… 67 S-93-2
Schedule of Funding Progress for Retiree Health Plans ………………………..………………………………… 68
Notes to the Required Supplementary Information ....................................................................................... 69
Combining and Individual Fund Statements and Schedules
Nonmajor Governmental Funds:
Combining Balance Sheet ……………………………………………………………………………………….. 72 S-76
Combining Statement of Revenues, Expenditures and Changes in Fund Balances ………………………… 75 S-77
Fire Districts Combining Schedule ................................................................................................................ 78 S-77-3
Schedules of Revenues, Expenditures and Changes in Fund Balances - Budget and Actual:
Debt Service Fund …………………………………………………………………………………………………. 79 S-78
911 Phone System ................................................................................................................................... 80 S-79-2
Recreation District ................................................................................................................................... 81 S-79-8
Workforce Investment Board ......................................................................................................................... 82 S-79-3
Technical College Fund ................................................................................................................................. 83 S-79-4
Charles Lea Center .................................................................................................................................. 84 S-79-5
Road Maintenance Fee Fund ........................................................................................................................ 85 S-79-9
Storm Water Management Fund ................................................................................................................... 86 S-79-10
CD Block Grant Fund .................................................................................................................................. 87 S-79-12
Capital Project Reserve Fund ....................................................................................................................... 88 S-79-13
Palmetto Landfill Fund .................................................................................................................................. 89 S-79-14
Jail Maintenance Fund .................................................................................................................................. 90 S-79-15
Alcohol & Drug Abuse Commission ......................................................................................................... 91 S-79-6
Spartanburg County Public Library .......................................................................................................... 92 S-79-7
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Spartanburg County, South Carolina
Comprehensive Annual Financial Report
For the Fiscal Year Ended June 30, 2008
TABLE OF CONTENTS
Page No. Exhibit No.
Fiduciary Funds:
Statement of Fiduciary Net Assets - Agency Funds ………………………………………..…………………… 96 S-42
Statement of Changes in Fiduciary Net Assets - Agency Funds ………………………………………..……… 97 S-43
Capital Assets Used in the Operation of Governmental Funds:
Comparative Schedule By Source …………………………............................................................................ 99 S-90
Schedule by Function and Activity................................................................................................................. 100 S-91
Schedule of Changes by Function and Activity ……………….………………………..................................... 101 S-92
STATISTICAL SECTION (Index to GASB44 compliance data) 102
(Not covered by the Independent Auditors' Report)
Government-wide information:
Government-wide Expenses by Function / Employees by Function Last 10 Years ...................................... 103 S-94
Government-wide Revenues ......................................................................................................................... 104 S-95
Government-wide Net Assets - Last 10 Years .............................................................................................. 105 S-96
Government-wide Changes in Net Assets - Last 10 Years ........................................................................... 106 S-97
Charges for services by function - Last 10 years …………………………………………………………… 107 S-97-1
Fund information: Table No.
General Governmental Expenditures by Function ........................................................................................ 108 1
General Governmental Revenues by Source ................................................................................................ 109 2
Fund Balances of Governmental Funds - Last 10 Years - General Fund Details ......................................... 110 2a
Fund Balances of Governmental Funds - Last 10 Years - Reserved & Unreserved by fund type................. 111 2a1
Changes in Fund Balances of Governmental Funds - Last 10 Years ........................................................... 112 2b
Miscellaneous information:
Property Tax Levies and Collections - last 10 years ..................................................................................... 113 3
Delinquent Property Tax Collections - last 10 years .................................................................................... 114 3a
Assessed and Estimated Market Value of Property - last 10 years ............................................................. 115 4
Property Tax Rates - Direct and Overlapping Governments - last 10 years ................................................ 116 5
Principal Taxpayers ....................................................................................................................................... 118 6
Computation of Legal Debt Margin and data for last 10 years ..................................................................... 119 8
Ratio of Net General Obligation Bonded Debt to Assessed Value and
Net General Obligation Bonded Debt Per Capita - last 10 years ........................................................ 120 9
Ratio of Annual Debt Service Expenditures for General Obligation Bonded Debt
to Total General Governmental Expenditures - last 10 years ............................................................. 121 10
Computation of Direct and Overlapping Bonded Debt - General Obligation Bonds ...................................... 122 11
Demographic Statistics .................................................................................................................................. 123 12
Property Value, Construction, Bank Deposits, and Retail Sales - last 10 years .......................................... 124 13
Miscellaneous Statistics ................................................................................................................................ 125 14
Major Employers and changes and 10 year employment data ..................................................................... 126 15
Operating Indicators by Function - last 10 years ........................................................................................... 127 15a
Bonded Debt Information:
Schedule of Bonds Outstanding .................................................................................................................... 128 16
Amortization Schedule .................................................................................................................................. 129 17
Capital Assets Used in the Operation of Governmental Funds - Last 10 Years .......................................... 130 18
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INTRODUCTORY SECTION
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P. O. Box 5666
Spartanburg, SC 29304
Telephone: 864/596-2536
Fax: 864/596-3445
Web Site: www.spartanburgcounty.org
January 15, 2009
To the members of County Council and citizens of Spartanburg County:
This document is Spartanburg County's Comprehensive Annual Financial Report (CAFR) for the fiscal year ended
June 30, 2008. This report is a complete set of financial statements presented in conformity with generally accepted
accounting principals (GAAP) and audited in accordance with generally accepted auditing standards by a firm of
licensed certified public accountants in compliance with state law S.C.4-9-150.
For more than a decade and a half, the Governmental Accounting Standards Board (GASB) worked on a change to
the framework of financial reporting for state and local governments. In June 1999, the GASB completed this
project with the issuance of GASB Statement No. 34. This is the most important single change in the history of
accounting and financial reporting for state and local governments. This is the sixth year of implementation for
Spartanburg County of these new reporting requirements. This is the first year of implementation of GASB
Statement No.45 which dictates the accounting and financial reporting for post-employment benefits (OPEB) paid to
retirees. This future liability has never before been disclosed or reported in government financial statements. Please
refer to Note 12 in the Notes to the Financial Statements for a detailed explanation of this liability.
In May 2004 GASB issued Statement No. 44, Economic Condition Reporting: The Statistical Section. This new
standard significantly modifies the statistical section of the CAFR. GASB felt that these changes were needed to
provide a broader focus, improve comparability, and encompass newly available data. The revised statistical section
provides five categories of information: (1) financial trend information, (2) revenue capacity information, (3) debt
capacity information, (4) demographic and economic information, and (5) operating information. This additional
data has been added to our CAFR. An index is provided on the first page of the Statistical Section which shows the
description and page numbers of reports that provide the five categories of information listed above.
The government-wide financial reports, the Statement of Net Assets (S-30) and the Statement of Activities (S-31)
have the following information on them that was not reported in fiscal years prior to 2003:
• Infrastructure cost (roads and bridges)
• Depreciation on capital assets
• Removal of capital expenditures from operating costs
• Removal of debt service principal payments from operating expenditures
• Accrual of interest payable on long term debt
• Inclusion of delinquent property taxes receivable in revenue
• Inclusion of unpaid compensated absences and landfill closure costs in current year expenses
• Post retirement health care benefits current cost and 30 year amortization of estimated total liability
(OPEB)
• Allocation of non-tax revenue to governmental functions
Another major change is the addition of a Management’s Discussion and Analysis (MD&A) section which is a
narrative overview and analysis of the year’s financial activities.
This report consists of management’s representations concerning the finances of Spartanburg County.
Consequently, management assumes full responsibility for the completeness and reliability of all the information
presented in this report. To provide a reasonable basis for making these representations, Spartanburg County
management has established a comprehensive internal control framework that is designed both to protect the
county’s assets from loss, theft, or misuse and to compile sufficient reliable information for the preparation of
Spartanburg County’s financial statements in conformity with GAAP. Because the cost of internal controls should
not outweigh their benefits, the county’s comprehensive framework of internal controls has been designed to
provide reasonable rather than absolute assurance that the financial statements will be free from material
misstatement. As management, we assert that, to the best of our knowledge and belief, this financial report is
complete and reliable in all material respects.
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Spartanburg County’s financial statements have been audited by McAbee, Talbert, Halliday & Co., a firm of
licensed certified public accountants. The goal of the independent audit was to provide reasonable assurance that
the financial statements of Spartanburg County for the year ended June 30, 2008, are free of material misstatement.
The independent audit involved examining, on a test basis, evidence supporting the amounts and disclosures in the
financial statements; assessing the accounting principles used and significant estimates made by management; and
evaluating the overall financial statement presentation. The independent auditor concluded, based upon the audit,
that there was a reasonable basis for rendering an unqualified opinion that Spartanburg County’s financial
statements for the fiscal year ended June 30, 2008, are fairly presented in conformity with GAAP. The independent
auditor’s report is presented as the first component of the financial section of this report.
The independent audit of the financial statements of Spartanburg County was a part of a broader, federally mandated
“Single Audit” designed to meet the special needs of federal grantor agencies. The standards governing Single
Audit engagements require the independent auditor to report not only on the fair presentation of the financial
statements, but also on the audited government’s internal controls and compliance with legal requirements, with
special emphasis on internal controls and legal requirements involving the administration of federal awards. These
reports are available in Spartanburg County’s separately issued Single Audit Report.
GAAP now requires that management provide a narrative introduction, overview, and analysis to accompany the
basic financial statements in the form of a Management’s Discussion and Analysis (MD&A). This letter of
transmittal is designed to complement the MD&A and should be read in conjunction with it. Spartanburg County’s
MD&A can be found immediately following the report of the independent auditors.
Profile of the Government
Spartanburg County, founded in 1785 and incorporated in 1976 under the South Carolina Home Rule Act, is located
in the northwest Piedmont section of South Carolina. The County includes the City of Spartanburg, which is the
County seat and the sixth largest city in the State. The County is intersected by highways I-85 and I-26 and is
located approximately 180 miles northeast of Atlanta, Georgia and approximately 60 miles southwest of Charlotte,
North Carolina. The County has a land area of 814 square miles and a population of 275,534. The County is
empowered by State law to levy a property tax on both real and personal property within its boundaries.
The County has operated under the council-administrator form of government since 1976. Policymaking and
legislative authority are vested in the County Council, which consists of a Council Chairman elected at large and six
(6) District Council Members elected to four-year staggered terms. The County Council is responsible for passing
ordinances, adopting the budget, appointing committees, and hiring the County Administrator, County Attorney, and
Clerk to Council. The County Administrator is responsible for carrying out the policies and ordinances of the
County Council, for overseeing the day-to-day operations of the county, and for appointing all non-elected county
department heads.
The County provides a full range of services including law enforcement, public health and social services, building
inspection, rural fire protection, libraries, road repair, maintenance and construction, recreation, emergency
preparedness, judicial, and administrative services. The Spartanburg Regional Medical Center, Spartanburg County
School Districts, Spartanburg Memorial Auditorium, and various water and sewer districts do not meet the
established criteria for inclusion in the County reporting entity, and accordingly are excluded from this report.
The annual budget serves as the foundation for Spartanburg County’s financial planning and control. All
departments and agencies of the County are required to submit requests for appropriation to the County Budget
Director in January of each year. The Budget Director uses these requests as the starting point for developing a
proposed budget that is presented to County Council for review prior to June 30. The council is required to hold a
public hearing and adopt a final budget after three readings no later than July 1, the start of the County’s fiscal year.
The budget is prepared by fund, function (e.g., public safety), and department (e.g., sheriff). Department heads may
transfer appropriations within their department with the approval of the County Administrator. The County
Administrator may transfer funds between departments. Budget-to-actual comparisons are provided in this report
for each individual governmental fund for which an annual budget has been adopted. For the general fund, this
comparison is presented on schedule S-35 as part of the basic financial statements for governmental funds. For
other funds, this comparison can be found on schedules 79-1 through 79-7. Budgetary control is established at the
department level by budget ordinance.
Factors Affecting Financial Condition
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The information presented in the financial statements is perhaps best understood when it is considered from the
broader perspective of the specific environment within which Spartanburg County operates.
Local economy. Located in northwestern South Carolina, the county is part of the growing corridor along
Interstate-85 (I-85) between Charlotte and Atlanta. The county’s population grew nearly 12% in the 1980’s and
12% in the 1990’s according to a 2000 census population of 254,432. The county plays an integral role in the
Greenville-Spartanburg region’s manufacturing activity. The growth of the county’s tax base, assessed value and
market value of property, is displayed in the following chart.
PROPERTY VALUES 1999 - 2008
$1,000,000,000 $25,000,000,000
$900,000,000
$800,000,000 $20,000,000,000
$700,000,000
$600,000,000 $15,000,000,000
$500,000,000
$400,000,000 $10,000,000,000
$300,000,000
$200,000,000 $5,000,000,000
$100,000,000
$- $-
1999
2000
2001
2002
2003
2004
2005
2006
2007
2008
Assessed Value Estimated Market Value
The Greenville-Spartanburg International Airport is located 17 miles west of the City of Spartanburg with access off
Interstate 85. Expansion in recent years to the terminal and airfield has exceeded $100 million. An additional
runway expansion (to 11,000 feet), completed June, 1999 enables use by Jumbo jet aircraft serving the BMW
manufacturing facility and other cargo and passenger needs of the County.
Spartanburg County is the home of BMW Manufacturing Corporation and more than 100 other international firms,
representing 19 countries. Spartanburg has the highest per capita international investment of any area in the country.
More than 500 manufacturing firms call Spartanburg County home. While the textile industry is still a major
component in the industrial community, Spartanburg County has over the past 30 years diversified its economy to
add such clusters as automotive and automotive-related industry, food processing, packaging, metalworking,
stamping and a wide array of other industrial segments.
In calendar year 2002, Spartanburg County ranked number one (1) in the state in business capital investment and
ranked fifth (5) in jobs created. In 2003 the Department of Commerce (DOC) changed their reporting to only report
projects publicly announced that the DOC was involved in – this change is making the comparison to prior years
appear lower than it would be otherwise.
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JOBS CREATION 1998 - 2007 CAPITAL INVESTMENT 1998 - 2007
3500 $1,200,000,000
3000 $1,000,000,000
2500 $800,000,000
2000
$600,000,000
1500
$400,000,000
1000
$200,000,000
500
0 $-
1998
1999
2000
2001
2002
2003
2004
2005
2006
2007
1998
1999
2000
2001
2002
2003
2004
2005
2006
2007
The high concentration of international firms in Spartanburg County has provided national and international
exposure to the area. “The history of this region’s economic development is a lesson for business and community
leaders seeking to understand what is required to achieve world-class status and bring local residents into the world
economy.” writes Harvard Business School Professor Dr. Rosabeh Moss Kanter in her book World Class: Thriving
Locally in the Global Economy, in which she uses the Spartanburg-Greenville areas as a model of a “world-class”
community.
Spartanburg County is part of the largest Metropolitan Statistical Area in South Carolina. The Greenville-
Spartanburg-Anderson CSA, which also includes Cherokee and Pickens Counties, has more than 1,172,000 people.
Entrepreneur magazine, in the fall of 1995, named the Greenville-Spartanburg-Anderson MSA as the eighth best
mid-sized area for small business. “The luring of international firms like BMW and Michelin is a carefully
orchestrated strategy to help this Bible Belt (area) diversify from its traditional textile-based economy,” the
magazine wrote.
BMW Manufacturing’s investment in their 2.4 million-square-foot Spartanburg County facilities through 2007 was
$3.5 billion and employment exceeds 5,400. On March 10, 2008 BMW announced it will invest an additional $750
million in its Spartanburg County factory to add 1.5 million square feet and 500 new jobs on site to produce three
models and to increase production capacity from 160,000 to 240,000 units by 2012. The three-year construction
project includes a new 1.2 million square foot Assembly facility north of the existing factory to accommodate the
next generation BMW X3 Sports Activity Vehicle. In addition, the Paint Shop will expand by about 80 percent or
300,000 square feet. The existing Body Shops will be renovated. The expansion of the Spartanburg plant also
means a bigger purchase and export volume in and from the NAFTA region, which will contribute considerably to
the company’s natural hedging position. After the expansion, the Spartanburg plant will manufacture the BMW X3,
X5 Sports Activity Vehicle and X6 Sports Activity Coupe and their respective variants for world markets. This is a
centralization of know-how for BMW X models in Spartanburg to enable BMW to work more efficiently, thus
supporting BMW long-range corporate strategy as a global player to increase production capacity in its largest
market. A highlight will be the production of a diesel X5 Sports Activity Vehicle for the United States market
starting later this year.
The BMW facility currently produces the “Z” roadsters and “X” sports activity vehicles for worldwide distribution.
Vehicle 1,000,000 rolled off the assembly line 2/28/2006. BMW Manufacturing requires a large supplier network to
provide the necessary components to build a vehicle. Over 182 companies make up the extensive network that
supports BMW. In order to reduce costs, BMW Manufacturing encourages its suppliers to move closer to the factory
and fortunately, many have. Of these suppliers, 48 are in South Carolina of which 17 are in Spartanburg County.
Spartanburg County has contributed (fiscal year 1998 – fiscal year 2008) $2,428,373 to The Arts Partnership of
Greater Spartanburg which received the nation’s top award for leadership in united arts funding. The Arts
Partnership provides artists to virtually all of Spartanburg County’s public and private schools, local hospitals, and
healthcare facilities. The Arts Partnership in October of 2007 opened a $44 million cultural center. Funding for this
center is primarily from private gifts ($33.2 million) with $2.3 million coming from city and county grants and $1
million from a state grant. The County’s budget for fiscal year 2009 has a $227,000 contribution to this agency.
Long-term financial planning. Our budgets for fiscal years 1998 - 2002 appropriated a total of $4,443,000 to
acquire land for recreational purposes in the fastest growing areas of the county and construction of 5 youth soccer
fields and a soccer stadium at the University of South Carolina/Spartanburg. More than 434 acres of recreation land
have been purchased. An additional 113 acres have been donated to the County.
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A total of $1,300,000 in funding was committed during fiscal year 2002 to develop engineering drawings for
regional park development and begin Phase I development of Va-Du-Mar McMillan Memorial Park. During fiscal
year 2003, work began on Va-Du-Mar McMillan Memorial Park using the staffs of Roads and Bridges, and Parks
and Recreation. Phase I development includes three multi-purpose fields, site parking, a large playground, and a
Frisbee golf course. The park was opened to the public in the fall of 2005.
On April 1, 2000, $4 million in GO bonds were issued to start the implementation of the Recreation Master Plan.
The GO bond proceeds were expended with the completion of three lighted basketball courts constructed at the
Piedmont Interstate Fairgrounds and the opening of the newly renovated Cleveland Park.
In addition to being a top priority identified in the parks and recreation master plan, The Cleveland Park project
represents a significant effort to involve the community in funding such quality of life enhancements. Volunteers
successfully raised over $2 million in private contributions to augment the county’s funds available for the
magnificent renovation of this historic facility.
In July 2003, the county issued $4,000,000 of general obligation bonds to cover the county’s share of a new freeway
entrance to the University of South Carolina campus in Spartanburg. This project has been completed.
On November 1, 2004, the County executed an agreement with JM Smith Corporation to purchase four acres, which
includes an office building and warehouse valued at $2,447,500. Under the terms of the agreement, the County paid
the JM Smith Corporation $325,000 and the remaining $2,122,500 was treated as a contribution to the County. The
Sheriff’s Office moved into this facility in January 2007 and is now taking advantage of the much needed extra
space it provides them. $1,645,000 in bonds were issued to provide funds for new furniture and renovation of the
facility for the Sheriff’s Office. The fiscal year 2007 and 2008 budgets provided funds to upgrade the HVAC in the
vacated space for use by other county offices. This work was finished this year and the Public Defenders Office was
moved from a rental office into a portion of this space.
In fiscal year 2005, $547,000 in federal inmate funds were set-aside to pay for planning costs to come up with a
solution to our jail overcrowding problem. Our capital projects budget for fiscal years 2009 and 2010 allocates a
total of $32,400,000 to expand our existing facility.
Cash management policies and practices. The County follows the practice of pooling cash and investments of all
funds with the County Treasurer except for restricted funds generally held by outside custodians and imprest funds.
Statutes authorize the County to invest in obligations of the United States and its agencies, general obligations (not
revenue obligations) of the State of South Carolina and its subdivisions, savings and loan associations to the extent
of federal insurance, certificates of deposit collaterally secured, repurchase agreements secured by the foregoing
obligations, and the State Treasurer's Investment Pool.
Risk management. The General fund has accumulated assets to cover risks that the County incurs in its normal
operations. Specifically the County itself (rather than an insurance carrier) assumes substantially all risks associated
with claims of County employees for unemployment compensation benefits, and claims of covered public
employees for dental insurance and Medicare supplemental health insurance. Insurance carriers provide claims
administration services. A tort liability insurance policy is maintained by the County with the State Insurance
Reserve Fund for losses up to $1,000,000. In addition, actions are generally subject to statutory limits of $600,000
actual damages and exclusion of punitive damages. Building, building contents, computer equipment, and most
other equipment is also insured for replacement value with the State Insurance Reserve Fund.
Pension and other post employment benefits. The County is a member of the South Carolina Retirement System
(SCRS) and the South Carolina Police Officers' Retirement System (PORS) maintained by the Retirement Division
of the State Budget and Control Board of South Carolina. The systems provide retirement, death, and disability
benefits. These plans are a cost-sharing multiple-employer pension system that benefits employees of public
schools, the State, and its political subdivisions. Membership is required as a condition of employment. Both
employers and employees must contribute.
Several optional deferred compensation plans are available to the County's employees. Neither the State nor the
County has any liability for losses under the plans.
Retired employees are eligible for the same health care benefits as full-time employees at substantially no cost to the
individual until age 65. As of year-end, there were 145 employees retired (204 insured) and under the age of 65 that
were paying for full premium-coverage benefits. There were 154 employees retired (188 insured) and over the age
of 65 who were paying $75 per month for coverage. This is financed on a pay-as-you go basis.
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Additional information on the above plans can be found in Note 12 of the Notes to Financial Statements.
Major Initiatives
Stormwater/NPDES and Federal mandates: The federal Clean Water Act includes an expensive unfunded
mandate. In fiscal year 2005 we began the steps to comply with the National Pollution Discharge Elimination
System. Our participation in this mandate is unavoidable. The county created a new fund dedicated to complying
with this mandate and addressing storm water related needs. The county imposed a new one-mil levy for this
purpose. This funding approach is the least costly option to administer, would provide adequate revenue, and would
disperse the cost evenly with minimal impact. Further, by listing this levy separately on the tax bill, taxpayers can be
fully aware of the impact of this unfunded federal mandate.
Requirements of the Federal Clean Air Act as currently applied designate the Greenville-Spartanburg MSA as an
area of non-attainment. Upstate counties are working with representatives of government and industry to achieve
attainment status. The use of low sulphur fuels are expected to produce significant benefit for the area’s air quality,
however, other actions may be necessary. Actions required for attainment may have impact on future budgeted
revenues and expenditures.
Spartanburg County’s adopted budget for fiscal years 2006 – 2009 enacted a $25 road maintenance fee for vehicles
registered within the County. The purpose of this fee is to insure the long term viability of the transportation
infrastructure and to prevent deterioration of the road network.
In fiscal year 2006, the county executed an agreement with the City of Spartanburg to take back most of the
recreation facilities within the city that were transferred to the county several years ago. In fiscal year 2007 the
county recreation department was set up as a special taxing district and removed from the General Fund. To provide
additional funds to implement recreational development in the county, a 3% hospitality tax effective January 1, 2008
was approved by County Council which will be used to fund recreation capital projects.
Awards and Acknowledgements
The Government Finance Officers Association of the United States and Canada (GFOA) awarded a Certificate of
Achievement for Excellence in Financial Reporting to Spartanburg County for its comprehensive annual financial
report (CAFR) for the fiscal year ended June 30, 2007. This was the 15th consecutive year that the County has
achieved this prestigious award. In order to be awarded a Certificate of Achievement, Spartanburg County had to
publish an easily readable and efficiently organized comprehensive annual financial report. This report must satisfy
both generally accepted accounting principles and applicable legal requirements.
A Certificate of Achievement is valid for a period of one year only. We believe that our current comprehensive
annual financial report continues to meet the Certificate of Achievement Program's requirements and we are
submitting it to the GFOA to determine its eligibility for another certificate.
The Spartanburg County Council should be given credit for their interest and support in planning and conducting the
operations of the County in a responsible and progressive manner.
Respectfully submitted,
D. Glenn Breed A. G. Rickett
County Administrator Finance Director
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Spartanburg County Organizational Chart
CITIZENS of SPARTANBURG
COUNTY
STATE COUNTY ELECTED
LEGISLATIVE COUNCIL OFFICIALS
DELEGATION
Election Magistrate Boards and
Clerk to Council Auditor Clerk of Court
Commission Judge Commissions
Voter
Master in Equity Library Coroner Probate Judge
Registration
Veterans Affairs SADAC Sheriff Solicitor
Treasurer
COUNTY ADMINISTRATION
County
Administrator
Asst Administrator Human Res. Asst Administrator
County Attorney Internal Auditor
Chris Story Personnel Tom Gates
Information
Technology Human Res. Budget
GIS SPATS
Admin Issues Management
Purchasing
Parks & Emergency
Building Codes Fire Services
Recreation Services
Environmental Facilities
Planning Fleet Services
Enforcement Management
Records Register of Detention
Delinquent Tax
Management Deeds Facility
Community
Assessor Public Works Finance
Development
Roads & Bridges Indigent Care
Solid Waste Grants
Engineering
Page 14
Spartanburg County, SC
LIST OF ELECTED AND APPOINTED OFFICIALS
Title (*Elected) Name
County Council:
*Chairman at large Jeffrey A. Horton
*District 1 Michael Brown
*District 2 O'Neal Mintz
*District 3/Vice Chairman H. David Britt
*District 4 Rock Adams
*District 5 Dale Culbreth
*District 6 Tom Foster
Clerk to Council Debbie Ziegler
Administrative/Financial:
County Administrator D. Glenn Breed
Assistant County Administrator Tom Gates
Assistant County Administrator Chris Story
Budget Management Director Linda Blackerby
Finance Director A.G. Rickett
Assessor Gil Bulman
*Auditor (Assessed valuations) Sharon West
Auditor/Internal Lisa Benfield
Delinquent Tax Collector
County Attorney Edwin Haskell
Planning Director (Vacant)
Procurement Director Mike Emory
Human Resources Director Tony Bell
Information Technology Director Kim Danner
Acting Records Mgmt/Register of Deeds Director Dorothy Earle
Registration & Elections Director Henry Laye III
*Treasurer Oren L. Brady, III
Judicial:
*Circuit Solicitor Trey Gowdy
*Clerk of Court Marcus W. Kitchens
Master-In-Equity Gordon Cooper
*Probate Court Ponda Caldwell
Public Defender Clay Allen
Magisterial Court Jason T. Wall
Public Safety:
Environmental Enforcement Director Don Arnold
Office of Emergency Services Director (Vacant)
*Coroner Jim Burnett
Detention Facility Director Larry Powers
Emergency Medical Services Director Jimmy Green
Building Codes Director Michael Padgett
*Sheriff Charles Wright, Jr.
Community Services:
Alcohol & Drug Abuse Director David L. Forrester
Library Director Todd Stevens
Public Works Director Michael N. Garrett
Public Works Director of Operations Steve Belue
Fleet Services Director Johnnie Lewis
Parks & Recreation Director Jeffrey Caton
Veteran's Affairs Director Gerald Kiehl
Community & Economic Development Director Kathy Rivers
Workforce Investment Board Sylvia Fesperman
Page 15
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FINANCIAL SECTION
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[BLANK PAGE]
Page 18
Page 19
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Management’s Discussion and Analysis
As management of Spartanburg County, we offer readers of Spartanburg County’s financial statements this narrative
and analysis of the financial activities of Spartanburg County for the fiscal year ended June 30, 2008. We encourage
readers to consider the information presented here in conjunction with additional information that we have furnished
in our letter of transmittal of this report.
Financial Highlights
• The assets of Spartanburg County exceeded its liabilities at the close of the most recent fiscal year by
$347,318,872 (net assets). Our investment in capital assets exceeded this amount by $5,902,192.
• The County’s total net assets increased by $17,671,204. Infrastructure changes (19 miles of roads donated to
the County) accounted for $19,343,808 of the increase.
• As of the close of the current fiscal year, Spartanburg County’s governmental funds reported combined ending
fund balances of $37,171,892, a decrease of $3,839,600 in comparison with the prior year. $34,552,198 of this
total amount is available for spending at the County’s discretion (unreserved fund balance).
• At the end of the current fiscal year, unreserved fund balance for the general fund was $11,265,548 or 13.1
percent of total general fund expenditures.
• Spartanburg County’s total bonded debt decreased by $1,920,000 (5.6 percent) during the current fiscal year.
Overview of the Financial Statements
This discussion and analysis are intended to serve as an introduction to Spartanburg County’s basic financial
statements. Spartanburg County’s basic financial statements comprise three components: 1) government-wide
financial statements, 2) fund financial statements, and 3) notes to the financial statements. This report also contains
other supplementary information in addition to the basic financial statements themselves.
Government-wide financial statements. The government-wide financial statements are designed to provide
readers with a broad overview of Spartanburg County’s finances, in a manner similar to a private-sector business.
The statement of net assets presents information on all of Spartanburg County’s assets and liabilities, with the
difference between the two reported as net assets. Over time, increases or decreases in net assets may serve as a
useful indicator of whether the financial position of Spartanburg County is improving or deteriorating.
The statement of activities presents information showing how the County’s net assets changed during the most
recent fiscal year. All changes in net assets are reported as soon as the underlying event giving rise to the change
occurs, regardless of the timing of related cash flows. Thus, revenues and expenses are reported in this statement
for some items that will only result in cash flows in future fiscal periods (e.g., uncollected taxes and earned but
unused vacation leave).
Both of the government-wide financial statements distinguish functions of Spartanburg County that are principally
supported by taxes and intergovernmental revenues (governmental activities) from other functions that are intended
to recover all or a significant portion of their costs through user fees and charges or grant revenue. The
governmental activities of Spartanburg County include general government, public safety, roads & bridges,
sanitation (landfill), health & welfare, community & economic development, culture & recreation, conservation,
judicial, buildings, technical college, Spartanburg County Library, Spartanburg Alcohol & Drug Abuse commission,
and various fire districts.
Fund financial statements. A fund is a grouping of related accounts that is used to maintain control over resources
that have been segregated for specific activities or objectives. Spartanburg County, like other state and local
governments, uses fund accounting to ensure and demonstrate compliance with finance-related legal requirements.
All of the funds of Spartanburg County can be divided into three categories: government funds, proprietary funds,
and fiduciary funds.
Governmental funds. Governmental funds are used to account for essentially the same functions reported as
governmental activities in the government-wide financial statements. However, unlike the government-wide
financial statements, governmental fund financial statements focus on near-term inflows and outflows of spendable
Page 21
resources, as well as on balances of spendable resources available at the end of the fiscal year. Such information
may be useful in evaluating a government’s near-term financing requirements.
Because the focus of governmental funds is narrower than that of the government-wide financial statements, it is
useful to compare the information presented for governmental funds with similar information presented for
governmental activities in the government-wide financial statements. By doing so, readers may better understand
the long-term impact of the County’s near-term financing decisions. Both the governmental fund balance sheet and
the governmental fund statement of revenues, expenditures, and changes in fund balances provide a reconciliation to
facilitate this comparison between governmental funds and governmental activities.
Spartanburg County maintains twenty five (25) individual governmental funds. Information is presented separately
in the governmental fund balance sheet and in the governmental fund statement of revenues, expenditures, and
changes in fund balances for the general fund, special revenue/grants fund, and the solid waste management fund,
each of which are considered to be major funds. Data from the other twenty two governmental funds are combined
into a single, aggregated presentation. Individual fund data for each of these nonmajor governmental funds is
provided in the form of combining statements in the Combining and Individual Fund Statements and Schedules
section of this report.
Spartanburg County adopts an annual appropriated budget for its general fund. A budgetary comparison statement
(S-35) has been provided for the general fund to demonstrate compliance with this budget.
Proprietary funds. Internal service funds are an accounting device used to accumulate and allocate costs internally
among the County’s various departments. The County uses an internal service fund to account for its fleet of
vehicles. Because this service predominantly benefits the governmental functions, it is included within
governmental activities in the government-wide financial statements.
Fiduciary funds. Fiduciary funds are used to account for resources held for the benefit of parties outside the
government. Fiduciary funds are not reflected in the government-wide financial statement because the resources of
those funds are not available to support the County’s own programs. The accounting used for fiduciary funds is
much like that used for proprietary funds.
The basic fiduciary fund financial statement is schedule S-42 of this report.
Notes to the financial statements. The notes provide additional information that is essential to a full understanding
of the data provided in the government-wide and fund financial statements.
Other information. In addition to the basic financial statements and accompanying notes, this report also presents
certain required supplementary information concerning major funds: budget vs. actual data; the progress the County
is making to maintain its infrastructure assets; and progress in funding health care retirement benefits.
The combining statements referred to earlier in connection with nonmajor governmental funds, fiduciary fund data,
and capital asset data are presented immediately following the required supplementary information section.
Government-wide Financial Analysis
As noted earlier, net assets may serve over time as a useful indicator of a government’s financial position. In the
case of Spartanburg County, assets exceeded liabilities by $347,318,872 at the close of the most recent fiscal year.
Spartanburg County’s net assets reflects its investment in capital assets (e.g., land, buildings, furniture & equipment,
roads and bridges); less any related debt used to acquire those assets that is still outstanding. Spartanburg County
uses these assets to provide services to citizens; consequently, these assets are not available for future spending.
Although Spartanburg County’s investment in its capital assets is reported net of related debt, it should be noted that
the resources needed to repay this debt must be provided from other sources, since the capital assets themselves
cannot be used to liquidate these liabilities.
Page 22
Spartanburg County's Net Assets
Governmental Activities
2008 2007 Change
Current and other assets $ 56,484,885 $ 60,388,056 $ (3,903,171)
Capital assets 367,818,709 342,162,971 25,655,738
Total assets 424,303,594 402,551,027 21,752,567
Long-term liabilities outstanding 61,772,846 57,132,423 4,640,423
Other liabilities 15,211,877 15,770,936 (559,059)
Total liabilities 76,984,723 72,903,359 4,081,364
Net assets $ 347,318,871 $ 329,647,668 $ 17,671,203
Allocation of net assets:
Invested in capital assets, net of related debt $ 353,221,064 $ 324,335,471 $ 28,885,593
Externally restricted - - -
Unrestricted (5,902,192) 5,312,187 (11,214,379)
Total net assets $ 347,318,872 $ 329,647,658 $ 17,671,214
Unrestricted net assets may be used to meet the government’s ongoing obligations to citizens and creditors.
• The County’s net assets increased by $17,671,204 during the current fiscal year. Total revenues were
$17,671,204 more than expenses. Depreciation expense (no cash outlay) was lower than capital outlays (paid in
cash) by $6,345,269. 19 miles of roads donated to the County accounted for $19,343,808 of the increase.
Governmental activities. Key elements in the increase of Spartanburg County’s net assets are shown below:
Spartanburg County's Changes in Net Assets
Governmental Activities
2008 2007 Change
Revenues:
Program revenues:
Charges for services $ 32,727,564 $ 31,115,725 $ 1,611,839
Operating grants and contributions 24,428,396 20,150,071 4,278,325
Capital grants and contributions 19,886,170 9,562,777 10,323,393
General revenues:
Property taxes 76,482,193 69,071,525 7,410,668
State & local accommodations tax 2,885,275 2,942,077 (56,802)
Hospitality tax 1,852,059 - 1,852,059
Franchise fees-cable TV & landfill 1,976,267 2,111,788 (135,521)
State sources 14,666,958 13,192,387 1,474,571
Interest income 2,194,279 3,273,716 (1,079,437)
Miscellaneous revenue 1,734,241 438,913 1,295,328
Gain (loss) on sale of capital assets 224,998 31,335 193,663
Total revenues 179,058,400 151,890,314 27,168,086
Expenses:
General government 28,683,777 23,193,891 5,489,886
Public safety 52,012,044 45,956,602 6,055,442
Roads & bridges 16,151,366 18,305,991 (2,154,625)
Sanitation 9,972,559 7,549,187 2,423,372
Health and welfare 8,427,403 8,084,888 342,515
Community & economic development 2,027,118 2,051,160 (24,042)
Culture and recreation 4,556,363 4,103,373 452,990
Conservation 38,980 34,961 4,019
Judicial 12,958,216 11,569,759 1,388,457
Buildings 6,139,135 4,827,838 1,311,297
Other 2,336,356 2,164,542 171,814
Technical College 7,745,343 3,731,004 4,014,339
Library 10,135,904 9,653,614 482,290
Unallocated Interest expense 202,632 258,046 (55,414)
Total expenses 161,387,196 141,484,856 19,902,340
Increase in net assets 17,671,204 10,405,458 7,265,746
Net assets beginning of year 329,647,656 319,242,198 10,405,458
Net assets end of year $ 347,318,860 $ 329,647,656 $ 17,671,204
• Charges for services increased $1.6 million – magistrate court fines increased $948,201; all other permits,
fines and fees increased $277,406; intergovernmental charges increased $408,218.
Page 23
• Operating grant revenue increased $4,278,325: increases over last year in state road funds $2,345,286; and
federal work force funds $2,028,541.
• Capital contributions increased $10,323,393 all of which was due to the donation of roads valued at
$19,343,808 to the county by developers.
• Property tax collections increased by $7,410,668 over last year – current taxes $5,410,219; fee-in-lieu
$659,332; homestead $578,757; delinquent taxes $675,607. Tax rates were increased by inflation and
growth factors as allowed by state law.
• This was the first year of implementation of our hospitality tax on prepared food $1,852,059.
• State source revenue increased $1,474,571 which was due to an increase in the state distribution to
counties.
• Interest income was down $1,079,437 due to reduced interest rates.
• Miscellaneous revenue increased $1,295,328. This came from a variety of sources.
• General government expenses were up $5,489,886 or 23.7%. The largest item in this increase was a
Workforce Investment Board increase of $1,620,217 which is covered by grant funding. Other large items
included in this increase is group insurance $533,000 and accrued OPEB cost $699,942.
• Public safety expenses increased $6,055,442 or 13.2% because of additional activity in our Sheriff’s Office
$1,500,042 and the Detention Center $1,878,807 and accrued OPEB cost $1,733,342.
• Road and bridge expenditures decreased $2,154,625 from last year because last year included the transfer
of 4 bridges with a carrying value of $2,200,000 to municipalities.
• Building expenses were up $1,311,297 or 27% due to building renovation expenditures of $1,515,622.
Page 24
──────────────────────────────────────────────────────────────────
Expenses and Program Revenues – Governmental Activities
60,000,000
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Revenues by Source – Governmental Activities
Capital grants and
State & local contributions Charges for services
accommodations tax 11.1% 18.3%
1.6%
State sources
8.2% Interest income
1.2%
Hospitality tax
1.0%
Franchise fees-cable
TV & landfill
Operating grants and
1.1%
contributions
13.6%
Property taxes
42.7%
Miscellaneous
1.1%
──────────────────────────────────────────────────────────────────
Financial Analysis of the Government’s Funds
Page 25
As noted earlier, Spartanburg County uses fund accounting to ensure and demonstrate compliance with finance-
related legal requirements.
Governmental funds. The focus of Spartanburg County’s governmental funds is to provide information on near-
term inflows, outflows, and balances of spendable resources. Such information is useful in assessing the County’s
financing requirements. In particular, unreserved fund balance may serve as a useful measure of a government’s net
resources available for spending at the end of the fiscal year.
As of the end of the current fiscal year, Spartanburg County’s governmental funds reported combined ending fund
balances of $37,171,892, a decrease of $3,839,600 in comparison with the prior year. Approximately 59% of this
total amount ($22,032,568) constitutes unreserved and undesignated fund balance, which is available for spending
at the government’s discretion. The remainder of the fund balance is reserved or has been designated to indicate
that it is not available for new spending because it has already been committed 1) to liquidate purchase orders
($1,423,742), 2) to replace landfill and other equipment ($3,775,114), 3) to finish uncompleted projects ($510,065),
and 4) appropriated in the fiscal year 2009 budget ($1,445,230).
The general fund is the chief operating fund of Spartanburg County. At the end of the current fiscal year,
unreserved/undesignated fund balance was $8,145,379, while the total fund balance reached $11,553,184. As a
measure of the general fund’s liquidity, it may be useful to compare both unreserved/undesignated fund balance and
total fund balance to total fund expenditures. Unreserved/undesignated fund balance represents 9.5 percent of total
general fund expenditures, while total fund balance represents 13.4 percent of that same amount.
The fund balance of Spartanburg County’s general fund decreased by $3,760,696 during the current fiscal year. Key
factors in this decrease are as follows:
• The adopted budget called for a reduction in the unreserved/undesignated fund balance of $2,241,694.
Expenditures exceed budget by $3,307,158.
• Total expenditures were up $5,366,296 (6.65%) over last year. The major portion of this increase
continues to be in the Public Safety area: Detention – up $1,878,807 and Sheriff- up $1,500,042 over last
year. General government expenditures were up $2,429,300 over last year
The fund balance of the solid waste management fund decreased by $2,673,135 during the current fiscal year. This
was due to transfers out in the amount of $5,157,024 – most of which ($4,701,000) went to the capital projects fund
to cover capital expenditures for the landfill.
The fund balance of the recreation district increased by $1,130,904 during the current fiscal year. This was due to
collections ($5,516,677) exceeding expenditures ($4,049,463).
The fund balance of the hospitality tax fund increased by $1,839,222 during the current fiscal year. This was the
first year of collections of this tax, which will be spent for recreational purposes, and only administrative costs were
paid out of the fund this year.
The fund balance of the debt service fund increased by $605,693 during the current fiscal year. This was due to tax
collections exceeding budget and expenditures.
General Fund Budgetary Highlights
Differences between the original budget and the final amended budget can be briefly summarized as follows:
• Revenues were increased $441,324. Appropriation of funds received ($375,000) from a software system
vendor accounts for most of this.
• The expenditure budgets were increased a total of $550,204. Open purchase orders carried forward from
fiscal year 2007 appropriations to complete projects totaled $335,267. Funds were carried over ($542,316)
to complete projects: ambulances ($250,000); Public Defender’s office ($100,000).
Capital asset and Debt Administration
Capital assets. Spartanburg County’s investment in capital assets as of June 30, 2008 amounts to $353,221,064
(net of accumulated depreciation and related outstanding debt). This investment in capital assets includes land,
buildings, improvements, machinery and equipment, park facilities, roads, and bridges. The net increase in capital
assets ($25,655,738) for the current fiscal year was 7.5 percent. Depreciation on these assets for the current fiscal
Page 26
year was $7,277,994. The large increase in capital assets was due to the donation of 19 miles of roads to the County
with a fair value of $19,343,808.
Major capital purchases during the current fiscal year included the following:
• Sheriff vehicles -27 ($564,960)
• Computers – 170 ($342,479)
• Radios – 294 ($1,064,277)
• Road equipment – 5 ($460,352)
• Landfill equipment – 4 ($453,203)
Spartanburg County Capital Assets
(net of depreciation)
2008 2007 Change
Land $ 18,215,285 $ 18,199,286 $ 15,999
Buildings 37,723,454 40,003,151 (2,279,697)
Furniture and equipment 27,264,659 19,551,077 7,713,582
Construction in progress 4,370,040 6,066,995 (1,696,955)
Roads and bridges 280,245,270 258,342,462 21,902,808
Total $ 367,818,708 $ 342,162,971 $ 25,655,737
Infrastructure. The County has elected to use the “Modified Approach” as defined by GASB Statement No. 34 for
Infrastructure reporting for its roads and bridges. Under GASB Statement No. 34, eligible infrastructure capital
assets are not required to be depreciated under the following requirements:
• The government uses an asset management system with characteristics of 1) an up-to-date inventory; 2)
perform condition assessments and summarize the results using a measurement scale; and 3) estimate the
annual amount to maintain and preserve the assets at the established condition assessment level.
• The government documents that the eligible infrastructure capital assets are being preserved approximately
at the established and disclosed condition assessment level.
Roads. The County manages its road network using its pavement management system and accounts for them using
the modified approach. The road condition rating (OCI) is a numerical scale ranging from 0 (failed) to 100 (new).
The County’s goal is to maintain roads at or above an OCI rating of 50 (Fair). Conditions as at:
• 6/30/04 90.3%
• 6/30/05 90.7%
• 6/30/06 95.3%
• 6/30/07 93.9%
• 6/30/08 97.0%
Current and additional road condition data is shown on schedule S-93-1 on page 66.
Bridges. The County manages its bridge network using the State’s Bridge Management and Inspection Program that
determines a bridge’s condition rating (“Sufficiency Rating”). The bridge “Sufficiency Rating” is a numerical scale
ranging from 0 (failed) to 100 (new). The County’s goal is to maintain bridges at or above a “Sufficiency Rating” of
50 (Fair). Conditions as at:
• 6/30/04 95%
• 6/30/05 95%
• 6/30/06 95%
• 6/30/07 95%
• 6/30/08 97%
Current and additional bridge condition data is shown on schedule S-93-2 on page 67.
Additional information on capital assets can be found in the Notes to the Financial Statements section of this report
on page 41.
Long-term debt. At the end of the current fiscal year, Spartanburg County had total bonded debt outstanding of
$32,085,000. This debt is backed by the full faith and credit of the County. The County’s debt decreased by
$1,920,000. The rating agencies confirmed the County’s AA rating September, 2007.
Page 27
Spartanburg County Outstanding Debt
General Obligation Bonds
2008 2007 Change
General obligation bonds $ 32,085,000 $ 34,005,000 $ (1,920,000)
Article X Section 14 of the South Carolina Constitution sets no limit on general obligation debt if it is authorized by
a majority vote of the qualified electors of the county voting in a referendum authorized by law. However, without a
referendum, the County is authorized to incur general obligation debt for any of its purposes in an amount not
exceeding eight percent of the assessed value of all taxable property. The current debt limitation for the County is
$74,527,120 and the amount of outstanding debt to be applied against that limit is $29,996,548.
Additional information on long-term debt can be found in the Notes to the Financial Statements section of this
report on page 53. The changes in bonded debt are detailed in Table 16 on page 128.
Economic Factors and Next Year’s Budget and Rates
• The October 2008 unemployment rate for Spartanburg County is 8.0 percent, which is an increase of 2.0 percent
from 2007. This compares to the state’s unemployment rate of 8.0 percent and the federal unemployment rate
of 6.5 percent. County unemployment in the state ranged from 5.9% to 17.0% - Spartanburg County was the
eleventh lowest.
• In calendar year 2002, Spartanburg County ranked number 1 in the state in business capital investment and
ranked fifth in jobs created.
• The continued expansion by BMW manufacturing and the relocation of many of their suppliers to this area have
helped offset the closing of several textile manufacturing plants.
• Spartanburg County’s adopted budget for fiscal year 2006 enacted a $25 road maintenance fee for vehicles
registered within the County. The purpose of this fee is to insure the long term viability of the transportation
infrastructure and to prevent deterioration of the road network. The Road Maintenance Fee has generated
$17,284,00 through fiscal year 2008 to be used exclusively for the repair, maintenance, and upgrade of the
County’s road system.
• During the current fiscal year, the unreserved/undesignated fund balance in the general fund decreased by
$3,760,696 to $8,345,379. $336,650 of unreserved/undesignated fund balance was used to balance the fiscal
year 2009 budget. Tax millage rates were increased based upon growth and inflation as allowed by state law.
Requests for Information
This financial report is designed to provide a general overview of Spartanburg County’s finances for all those with
an interest in the County’s finances. Questions concerning any of the information provided in this report or requests
for additional financial information should be addressed to Spartanburg County, Finance Director, 366 N. Church
Street, Spartanburg, SC 29303 or email your request to arickett@spartanburgcounty.org. A PDF file of this report
will be emailed to those making such a request or can be downloaded off our web site: www.spartanburgcounty.org.
The Spartanburg County Public Library issues a complete set of financial statements that are more detailed than the
data presented herein. Copies of the separately issued Library statements can be obtained by contacting Mr. Todd
Stephens, County Librarian or his assistant Jayne Moorman, 151 S. Church Street, Spartanburg, SC 29306-3241.
Page 28
BASIC FINANCIAL STATEMENTS
Page 29
[BLANK PAGE]
Page 30
S-30
Spartanburg County, South Carolina
Statement of Net Assets
June 30, 2008
Governmental
Activities
ASSETS:
Cash $ 33,284,918
Current taxes receivable 2,250,804
Delinquent taxes receivable (net) 3,720,596
Accounts receivable (net) 199,861
Other receivables 15,612,365
Inventory 313,635
Prepaid items 424,801
Unamortized refunding bond costs 677,905
Capital assets (net of accumulated depreciation):
Land 18,215,286
Buildings 37,723,455
Furniture and equipment 27,264,659
Construction in progress 4,370,039
Roads and bridges 280,245,270
Total assets 424,303,594
LIABILITIES:
Accounts payable 3,865,208
Accrued interest payable 483,046
Accrued salaries 1,312,044
Accrued payroll taxes and deductions 1,102,929
Deposits 79,669
Other liabilities and unearned revenue 8,368,981
Noncurrent liabilities:
Due within one year 8,951,781
Accrued compensated absences 2,160,506
Unfunded OPEB costs 4,602,328
General obligation bonds payable 26,550,000
Capital lease obligations payable 2,350,568
Landfill closure costs 17,157,663
Total liabilities 76,984,723
NET ASSETS:
Invested in capital assets, net of related debt 353,221,064
Unrestricted (deficit) (5,902,192)
Total net assets $ 347,318,872
The notes to the financial statements are an integral part of this statement.
Page 31
S-31
Spartanburg County, South Carolina
Statement of Activities
For the year ended June 30, 2008
Net (Expenses)
Program Revenues Revenues and
Changes in Net
Operating Capital Assets
Charges for Grants and Grants and Governmental
Expenses Services Contributions Contributions Activities
Primary government:
Governmental activities:
General government $ 28,683,777 $ 3,917,046 $ 7,554,302 $ - $ (17,212,429)
Public safety 52,012,044 4,999,460 1,593,991 2,738 (45,415,855)
Roads & bridges 16,151,366 6,005,762 7,143,397 19,343,808 16,341,601
Sanitation 9,972,559 7,709,882 134,258 449,624 (1,678,795)
Health and welfare 8,427,403 1,653,774 2,029,490 - (4,744,139)
Community & economic development 2,027,118 - 1,272,021 - (755,097)
Culture and recreation 4,556,363 868,614 36,726 75,000 (3,576,023)
Conservation 38,980 - - - (38,980)
Judicial 12,958,216 7,239,399 1,615,754 - (4,103,063)
Buildings 6,139,135 - - - (6,139,135)
Mass transportation 2,336,356 - 2,286,307 - (50,049)
Technical College 7,745,343 - - - (7,745,343)
Library 10,135,904 333,627 762,150 15,000 (9,025,127)
Unallocated Interest expense 202,632 - - - (202,632)
Total primary government 161,387,196 32,727,564 24,428,396 19,886,170 (84,345,066)
General revenues:
Property taxes 76,482,193
State & local accommodations tax 2,885,275
Hospitality tax 1,852,059
Franchise fees-cable TV & landfill 1,976,267
State sources (unrestricted) 14,666,958
Interest income 2,194,279
Gain (loss) on sale of capital assets 224,998
Miscellaneous revenue 1,734,241
Total general revenues and transfers 102,016,270
Change in net assets 17,671,204
Net assets - beginning 517,892,196
Prior period adjustment - infrastucture values (188,244,538)
Net assets - ending $ 347,318,862
The notes to the financial statements are an integral part of this statement.
Page 32
S-32
Spartanburg County, South Carolina
Balance Sheet - Governmental Funds
June 30, 2008
Total
Special Governmental
General Revenue/Grants Solid Waste Other Funds Funds
ASSETS
Cash $ 28,995,818 $ - $ 300 $ 4,288,800 $ 33,284,918
Delinquent taxes receivable (net) 2,017,393 - 543,342 1,159,861 3,720,596
Accounts receivable (net) 85,474 - 82,650 31,737 199,861
Other receivables 6,163,297 1,956,149 34,512 7,364,966 15,518,924
Due from other funds 7,139,922 6,025,363 4,975,461 16,770,579 34,911,325
Inventory 1,752 - - - 1,752
Prepaid items - - - 240,000 240,000
Total assets $ 44,403,656 $ 7,981,512 $ 5,636,265 $ 29,855,943 $ 87,877,376
LIABILITIES AND FUND BALANCES
Liabilities:
Accounts payable $ 1,764,748 $ 93,725 $ 119,627 $ 1,756,250 $ 3,734,350
Due to other funds 26,515,573 - - 5,900,653 32,416,226
Accrued salaries 1,312,044 - - - 1,312,044
Accrued payroll taxes and deductions 1,009,986 - - 92,943 1,102,929
Deposits 28,027 - 51,642 - 79,669
Other liabilities and unearned revenue 2,220,094 7,880,708 538,731 1,420,731 12,060,264
Total liabilities 32,850,472 7,974,433 710,000 9,170,577 50,705,482
Fund balances:
Reserved for:
Debt service - - - 954,200 954,200
Inventory and prepaid items 1,752 - - 240,000 241,752
Encumbrances 285,884 7,077 281,964 848,817 1,423,742
Unreserved designated for, reported in:
Equipment replacement 2,402,106 - 1,373,008 - 3,775,114
Future expenditures 381,413 - 128,652 - 510,065
Next year's budget 336,650 - 1,108,580 - 1,445,230
Special revenue funds - - - 3,920,908 3,920,908
Capital project funds - - - 2,810,958 2,810,958
Debt service fund - - - 57,355 57,355
Unreserved reported in:
General fund 8,145,379 - - - 8,145,379
Special revenue funds - 2,034,062 11,853,127 13,887,189
Capital project funds - - - - -
Total fund balances 11,553,184 7,077 4,926,266 20,685,365 37,171,892
Total liabilities and fund balances $ 44,403,656 $ 7,981,510 $ 5,636,266 $ 29,855,942 $ 87,877,374
The notes to the financial statements are an integral part of this statement.
Page 33
S-32 Recon
Spartanburg County, South Carolina
Reconcilation of Governmental Funds fund balances to Net Assets of governmental
activities
June 30, 2008
Total
Governmental
Funds Closing
Balances
Total fund balances of governmental funds $ 37,171,892
Amounts reported for governmental activities in the statement of net assets (S-30) are
different because:
Internal service funds are used by management to charge the costs
of fleet management to individual funds. The assets and liabilities of
the internal service fund are included in the statement of net assets. (26,761)
Long term liabilities, including bonds, are not due and payable in the
current period and therefore are not reported in the funds. (61,712,826)
Accrued interest on bonds is not due and payable in the current
current period and therefore is not reported in the funds. (483,046)
Unamortized deferred loss/costs on refunded bonds is considered an expenditure
by governmental funds in the year year of occurance. 677,905
Unamortized premium revenue on the sale of bonds is considered revenue
by governmental funds in the year year of occurance. (29,314)
Uncollected delinquent tax revenue is not available in the current
period and therefore is not reported in the funds. 3,303,979
Library uncollected receivables and prepaid expenses are not funds available in the
current period and therefore are not reported in the funds. 694,860
Capital assets used in governmental activities are not financial
resources and, therefore, are not reported in the funds. 367,722,183
Net assets of governmental activities $ 347,318,872
The notes to the financial statements are an integral part of this statement.
Page 34
S-33
Spartanburg County, South Carolina
Statement of Revenues, Expenditures, and Changes in Fund Balances
Government Funds
For the fiscal year ended June 30, 2008
Total
Special Governmental
General Revenue Solid Waste Other Funds Funds
REVENUES
Taxes $ 46,208,244 $ 1,669,006 $ - $ 32,641,380 $ 80,518,630
Permits, fines, and fees 9,952,643 7,145 7,589,552 11,524,570 29,073,910
Intergovernmental - Federal 2,473,475 1,174,462 - 11,879,717 15,527,654
Intergovernmental - State 16,635,063 6,080,667 130,877 3,005,479 25,852,086
Intergovernmental - Local 1,877,672 49,193 - 89,256 2,016,121
Interest 1,527,540 - 322,823 360,652 2,211,015
Miscellaneous 3,452,037 507,661 4,000 221,434 4,185,132
Total revenues 82,126,674 9,488,134 8,047,252 59,722,488 159,384,548
EXPENDITURES
Current:
General government 18,518,093 2,110,792 - 7,407,708 28,036,593
Public Safety 42,719,051 871,420 - 6,693,358 50,283,829
Roads 4,727,614 5,629,216 - 7,928,008 18,284,838
Sanitation 1,440,482 134,258 5,563,363 4,268,192 11,406,295
Health & welfare 3,019,537 345,936 - 4,487,950 7,853,423
Community & economic development - - - 1,968,770 1,968,770
Culture & recreation 265,312 - - 4,046,690 4,312,002
Conservation 36,532 - - - 36,532
Judicial 11,943,334 488,043 - - 12,431,377
Buildings 3,371,670 - - 1,985,287 5,356,957
Mass transportation - - - 2,336,821 2,336,821
Technical college - - - 7,580,127 7,580,127
Library - - - 9,840,562 9,840,562
Debt service:
Principal - - - 5,973,964 5,973,964
Interest & fees - - - 1,609,885 1,609,885
Total expenditures 86,041,625 9,579,665 5,563,363 66,127,322 167,311,975
Excess (deficiency) of revenues over (under)
expenditures (3,914,951) (91,531) 2,483,889 (6,404,834) (7,927,427)
Other financing sources (uses):
Transfers in 1,839,513 7,185 - 13,956,523 15,803,221
Transfers out (1,685,258) (200,000) (5,157,024) (8,760,939) (15,803,221)
Capital lease proceeds - - - 807,821 807,821
Issuance of GO bonds - - - 3,280,000 3,280,000
Total other financing sources (uses) 154,255 (192,815) (5,157,024) 9,283,405 4,087,821
Net change in fund balances (3,760,696) (284,346) (2,673,135) 2,878,571 (3,839,606)
Fund balances at beginning of year 15,313,880 291,423 7,599,401 17,806,794 41,011,498
Fund balances at end of year $ 11,553,184 $ 7,077 $ 4,926,266 $ 20,685,365 $ 37,171,892
The notes to the financial statements are an integral part of this statement.
Page 35
S-34
Spartanburg County, South Carolina
Reconciliation of the Statement of Revenues,
Expenditures, and Changes in Fund Balances of Governmental Funds
To the Statement of Activities
For the Fiscal Year Ended June 30, 2008
Amounts reported for governmental activities in the statement of activities (S-31) are different because:
Net change in fund balances - total governmental funds (S-33) $ (3,839,606)
Governmental funds report capital outlays as expenditures. In the statement of activities
the cost of those assets is allocated over their estimated useful lives and reported as
depreciation expense. This is the amount by which depreciation exceeded capital outlays
in the current period. (See details in Note 6 on page 46) 6,345,269
Roads deeded to County not recorded in governmental funds 19,343,808
Revenues in the statement of activities that do not provide current financial resources are
reported as deferred revenues in the funds 240,437
Accrued interest on bonds is not recorded in the funds. The annual change in accrued
interest is recorded as a current period expense in the statement of activities. Accrued
interest decreased by this amount this fiscal year. 182,782
Long-term liabilities are not recorded in the funds. The annual change in liability
is recorded as a current period expense in the statement of activities:
Unfunded OPEB cost (4,602,328)
Landfill closure cost and accrued vacation pay (2,096,798)
Principal payments on debt are recorded as expenditures in the debt service fund. 6,024,094
Amortization of bond costs and premiums paid on bond sales (net) (56,314)
Bond issue/lease proceeds are recorded as revenue in govermental funds (4,087,821)
Prepaid expenses are recorded as expenditures in governmental funds 39,131
Internal service funds are used by management to charge the costs of fleet service
to individual funds. The net revenue of the fleet service fund is reported with
governmental activities. 178,550
Change in net assets of governmental activities (S-31) $ 17,671,204
The notes to the financial statements are an integral part of this statement.
Page 36
S-36
Spartanburg County, South Carolina
Statement of Net Assets
Proprietary Funds
Governmental Activities - Internal Service Fund
Fleet Services
June 30, 2008
ASSETS
Current assets:
Inventory 311,883
Total current assets 311,883
Capital assets:
Furniture, fixtures, and equipment
(net of depreciation) 96,526
Total assets 408,409
LIABILITIES
Current liabilities:
Accounts payable 130,858
Due to other funds 244,295
Total current liabilities 375,153
Noncurrent liabilities:
Accrued compensated absenses 60,020
Other liabilities and deferred revenue -
Total noncurrent liabilities: 60,020
Total liabilities 435,173
NET ASSETS:
Invested in capital assets 96,526
Unrestricted (123,287)
Total net assets $ (26,764)
The notes to the financial statements are an integral part of this statement.
Page 37
S-38
Spartanburg County, South Carolina
Statement of Revenues, Expenses, and Changes in Net Assets
Proprietary Funds
Governmental Activities - Internal Service Fund
For the fiscal year ended June 30, 2008
Fleet Services Fund
Operating revenues:
Charges for services $ 1,357,118
Miscellaneous 1,142
Total operating revenues 1,358,260
Operating expenses:
Salaries and benefits 939,232
Office and shop expense 86,702
Parts, fuel, etc. 103,317
Maintenance of building and equipment 16,583
Depreciation 33,338
Other 538
Total operating expenses 1,179,710
Operating income (loss) 178,550
Capital contributions:
Book value of equipment transferred in (out) -
Transfers:
Change in net assets 178,550
Net assets (deficit):
Beginning of year (205,311)
Total net assets end of year $ (26,761)
The notes to the financial statements are an integral part of this statement.
Page 38
S-40
Spartanburg County, South Carolina
Statement of Cash Flows
Proprietary Funds
Governmental Activities - Internal Service Fund
For the fiscal year ended June 30, 2008
FLEET SERVICES FUND
Cash flows from operating activities:
Receipts from customers and users $ 1,142.00
Receipts from interfund services provided 1,357,888.00
Payments to suppliers (275,702.00)
Payments to employees (932,710.00)
150,618.00
Cash flows from noncapital financing activities:
Transfer to general fund (150,618.00)
(150,618.00)
Net increase in cash -
Cash balances:
July 1, 2007 -
June 30, 2008 $ -
Reconciliation of operating income to net cash provided (used) by
operating activities:
Operating income (loss) 178,550.00
Adjustments to reconcile operating income (loss) to net cash
provided by operations:
Depreciation 33,338.00
(Increase) decrease in:
Other accounts receivable 771.00
Inventories (94,004.00)
Increase (decrease) in:
Accounts payable 25,441.00
Accrued compensated absences 6,522.00
Net cash provided by operations $150,618.00
Supplemental disclosure of non-cash investing, capital and financing
activities:
Book value of equipment transferred out $ -
The notes to the financial statements are an integral part of this statement.
Page 39
S-42T
Spartanburg County, South Carolina
Statement of Fiduciary Assets and Liabilities
Agency Funds
June 30, 2008
Total
ASSETS
Cash and cash equivalents $ 14,513,727
Investments 62,199,657
Delinquent taxes receivable (net) 9,765,700
Accounts receivable (net) 3,002,092
Total Assets $ 89,481,176
LIABILITIES
Accounts payable 5,737,598
Held for other funds 2,250,801
Held for other designated recipients 81,492,777
Total liabilities $ 89,481,176
The notes to the financial statements are an integral part of this statement.
Page 40
SPARTANBURG COUNTY, SOUTH CAROLINA
NOTES TO FINANCIAL STATEMENTS
June 30, 2008
INDEX
Page
Note 1 - accounting policies 42
Landfill closure and post-closure care costs 46
Note 2 - stewardship, compliance and accountability 47
Excess of expenditures over appropriations 47
Deficit fund equity 48
Note 3 - deposits and investments 48
Note 4 - property taxes 48
Note 5 - retirement plan 49
Note 6 - capital assets 50
Note 7 - leases 51
Note 8 - long-term debt 53
Bonds outstanding 53
Bond amortization schedule 54
Due within one year - changes 54
Note 9 - interfund receivables and payables 55
Note 10 - contracts and commitments 55
Note 11 - related party transactions 56
Note 12 - post retirement insurance benefits 56
Note 13 - deferred compensation plans 57
Note 14 - risk management 57
Note 15 - contingent liabilities 57
Note 16 - conduit debt obligations 58
Note 17 - subsequent event 58
Note 18 - prior period adjustment 58
Page 41
SPARTANBURG COUNTY, SOUTH CAROLINA
NOTES TO FINANCIAL STATEMENTS
JUNE 30, 2008
NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Spartanburg County, South Carolina operates under the provisions of South Carolina 1975 Act No. 283 (Home Rule
Act) using a council-administrator form of government. The County provides the following services: public safety
(police and judicial), public works (roads or bridges), sanitation, health and welfare, recreation, public improvements,
planning and general administrative. In addition, the County operates as a collection agency for other taxing entities.
The accounting policies of Spartanburg County conform to U.S. generally accepted accounting principles as applicable
to governments. The Governmental Accounting Standards Board (GASB) is the accepted standard-setting body for
governmental accounting and financial reporting principles.
A. Reporting Entity
Spartanburg County is a corporate government entity incorporated in 1976 under the South Carolina Home Rule
Act and is governed by an elected seven member County Council. These financial statements present the
government as required by U.S. generally accepted accounting principles.
B. Government-wide and fund financial statements
The government-wide financial statements, consisting of the statement of net assets and the statement of changes
in net assets, report information on all of the non-fiduciary activities of the primary government and its component
units. For the most part, the effect of interfund activity, except any interfund services provided and used, has been
removed from these statements. Governmental activities, which normally are supported by taxes and
intergovernmental revenues, are reported separately from business-type activities, which rely to a significant extent
on fees and charges for support. Likewise, the primary government is reported separately from certain legally
separate component units for which the primary government is financially accountable.
The statement of activities demonstrates the degree to which the direct expenses of a given function or segment is
offset by program revenues. Direct expenses are those that are clearly identifiable with a specific function or
segment. Program revenues include 1) charges to customers or applicants who purchase, use, or directly benefit
from goods, services, or privileges provided by a given function or segment and 2) capital grants and contributions
that are restricted to meeting the operational or capital requirements of a particular function or segment. Taxes and
other items not properly included among program revenues are reported instead as general revenues.
Separate financial statements are provided for governmental funds, proprietary funds, and fiduciary funds, even
though the latter are excluded from the government-wide financial statements. The focus of governmental and
proprietary fund financial statements is on major funds. Major individual governmental funds and major
individual proprietary funds are reported as separate columns in the fund financial statements, with non-major
funds being aggregated and displayed in a single column.
C. Measurement Focus and Basis of Accounting
The government-wide financial statements are reported using the economic resources measurement focus and the
accrual basis of accounting, as are the proprietary fund financial statements. Revenues are recorded when earned and
expenses are recorded when a liability is incurred, regardless of the timing of related cash flows. Property taxes are
recognized as revenues in the year for which they are levied. Grants and similar items are recognized as revenue as
soon as all eligibility requirements imposed by the provider have been met.
Governmental fund financial statements are reported using the current financial resources measurement focus and the
modified accrual basis of accounting. Revenues are recognized as soon as they are both measurable and available.
Revenues are considered to be available when they are collectible within the current period or soon enough thereafter
to pay liabilities of the current period. For this purpose, the County considers revenues to be available if they are
Page 42
collected within 60 days of the end of the current fiscal period. Expenditures generally are recorded when a liability is
incurred, as under accrual accounting. However, debt service expenditures, as well as expenditures related to
compensated absences, are recorded only when payment is due.
Those revenues susceptible to accrual are property taxes, licenses, and interest. Revenues from state and federal grants
are recorded when expenditures are incurred. Taxes collected and held by the state at year end on behalf of the County
are also recognized as revenue. All other revenue items are considered to measurable and available only when cash is
received by the County.
Deferred revenue arises when potential revenue does not meet both the “measurable” and “available” criteria for
recognition in the current period. Deferred revenue also arises when resources are received by the County before it has
a legal claim to them, as when grant money is received prior to the occurrence of qualifying expenditures. In
subsequent periods, when both revenue recognition criteria are met or when the County has a legal claim to the
resources, the liability for the deferred revenue is removed from the balance sheet and revenue is recognized.
The County reports the following major governmental funds:
The General Fund is the government’s primary operating fund. It accounts for all financial resources of the
government, except those required to be accounted for in another fund.
The Special Revenue Fund/Grants fund is used to account for the proceeds of specific revenue sources that are
legally restricted to expenditures for specified purposes.
The Solid Waste Management fund is used to account for the operation of a landfill, trash hauling and
collection costs and the collection of residential and commercial fees for these services.
The County has no major proprietary funds.
Additionally, the government reports the following fund types:
Debt Service Fund is used to account for the accumulation of resources for, and the payment of, general long-
term debt principal, interest, and related costs.
Capital Projects Funds are used to account for financial resources to be used for the acquisition or
construction of major capital facilities. Proceeds from issuing general obligation bonds, revenues from federal
grants, receipts designated for capital projects, and the related expenditures are recorded in the Capital
Projects Fund.
Proprietary Fund - Internal Service Fund – Fleet Services is used to account for the financing of goods or
services provided by one department or agency to other departments or agencies of the County on a cost
reimbursement basis.
Fiduciary Funds - Agency Funds are used to account for assets held by the County in a trustee capacity or as
an agent for individuals, private organizations, other governments, and/or other funds. These funds are
custodial in nature (assets equal liabilities) and do not involve measurement of results of operations. The
Treasurer’s Office and Delinquent Tax Office collect taxes for all taxing districts located within the county.
The following offices collect fees, fines, child support, etc. for the state and other agencies: Sheriff, Clerk of
Court, Master-in-Equity, Magisterial Court, Probate Court, and Register of Deeds.
The accounting and financial reporting treatment applied to a fund is determined by its measurement focus. Basis of
accounting refers to when revenues and expenditures are recognized in the accounts and reported in the financial
statements. As a general rule the effect of interfund activity, except any interfund services provided and used, has been
eliminated from the government-wide financial statements.
Amounts reported as program revenues include 1) charges to customers for services provided, 2) operating grants and
donations, and 3) capital grants and donations. Internally dedicated resources are reported as general revenues rather
than as program revenues. Likewise, general revenues include all taxes.
Page 43
All proprietary funds are accounted for on a flow of economic resources measurement focus. Under this method, the
accrual basis of accounting is utilized, revenues are recognized when earned and expenses are recorded at the time
liabilities are incurred. All assets and liabilities associated with the operation of these funds are included on the
balance sheet. Proprietary fund type operating statements present increases (i.e. revenue) and decreases (i.e. expenses)
in net assets by distinguishing operating revenues and expenses from non-operating items. Operating revenues and
expenses generally result from providing services and producing and delivering goods in connection with a proprietary
fund’s ongoing operations. Operating expenses for enterprise funds and internal service funds include the cost of sales
and services, administrative expenses, and depreciation on all capital assets. All revenues and expenses not meeting
this definition are reported as non-operating revenues and expenses.
As permitted under GAAP, the County applies (a) all GASB pronouncements and (b) FASB Statements and
Interpretations, APB Opinions, and Accounts Research Bulletins issued on or before November 30, 1989, except those
that conflict with a GASB pronouncement.
The County’s fiduciary fund types consists only of Agency Funds, which are custodial in nature and do not involve the
measurement of operations. Agency funds use the accrual basis of accounting.
D. Assets, Liabilities, Fund Equity, Revenue, Expenditures and Expenses
1. Cash, Cash Equivalents, and Equity in Pooled Cash and Investments – Cash includes currency on hand,
demand deposits with financial institutions and other accounts that have the general characteristics of demand
deposits that additional funds may be deposited any time and withdrawn without prior notice or penalty.
The County pools the cash of substantially all funds into an internal cash and investment pool that is available for
use by all funds. Allocation of interest is made to each fund based on pro rata equity. Each individual fund’s
portion of the pool is displayed on the combined balance sheet as “cash.”
The Spartanburg County Public Library maintains separate cash and investment accounts, generally in the form of
cash in the bank and certificates of deposit.
For the purposes of the statement of cash flows, the County considers all short-term investments with original
maturities of three months or less, when acquired, to be cash equivalents.
2. Investments – Investments are stated at fair value.
3. Receivables and Allowance for Doubtful Accounts – Accounts receivable are stated net of their allowance for
uncollectible amounts. Receivables in governmental funds include revenue accruals that are recognized when they
become measurable and available as previously defined.
Property taxes receivable represents delinquent and unpaid real and personal property tax billings, less an
allowance for amounts estimated to be uncollectible.
4. Inventories and prepaid items - Inventories are valued at average cost, except for obsolete inventories which
are written down to scrap value. The inventory of the General fund consists of expendable supplies and is
recorded as an expenditure when consumed.
The inventory of the Fleet Services Fund consists of materials and supplies held for consumption. Costs,
determined on a first in/first out (FIFO) method, are recorded as expenditures when inventory is consumed.
Certain payments to vendors reflect costs applicable to future accounting periods and are recorded as prepaid
items. Reported inventories and prepaid items in the governmental fund types are equally offset by a fund balance
reserve which indicates that they do not constitute “available spendable resources” even though they are a
component of net current assets.
Page 44
5. Interfund Receivables and Payables – Short-term advances between funds are accounted for in the appropriate
interfund receivable and payable accounts. Transactions which constitute reimbursements of a fund for
expenditures or expenses initially made from that fund which are properly applicable to another fund are recorded
as expenditure or expense (transfers out) in the reimbursing fund and as reductions of the expenditure or expense
(transfers in) in the fund that is reimbursed.
6. Restricted Assets – Restricted assets include monies or other resources, the use of which is restricted by legal or
contractual requirements.
7. Capital Assets and Depreciation – Capital assets, which include property, plant, and equipment, and
infrastructure assets (e.g., roads, bridges, sidewalks, and similar items), are reported in the applicable
governmental or business-type activities columns in the government-wide financial statements. Capital assets are
defined by the County as assets with an initial, individual cost of more than $1,000 and an estimated useful life of
more than one year ($1,000 and an estimated useful life of two or more years for the Spartanburg County Public
Library). Such assets are recorded at historical cost or at estimated historical cost if actual historical cost is not
available. Donated capital assets are recorded at estimated fair market value at the date of donation. The costs of
normal maintenance and repairs that do not add to the value of the asset or materially extend assets lives are not
capitalized. Public domain (infrastructure) capital assets have been capitalized using actual and estimated
historical costs of major general infrastructure assets that were acquired or significantly reconstructed, or that
received significant improvements in fiscal years ending after June 30, 1980.
Property, plant, and equipment are depreciated using the straight-line method over the following estimated useful
lives:
Years
Buildings 30
Office equipment 10
Vehicles 5
Infrastructure. The County has elected to use the “Modified Approach” as defined by GASB Statement No. 34
for Infrastructure reporting for its roads and bridges. Under GASB Statement No. 34, eligible infrastructure capital
assets are not required to be depreciated under the following requirements:
• The government uses an asset management system with characteristics of 1) an up-to-date inventory; 2)
perform condition assessments and summarize the results using a measurement scale; and 3) estimate the
annual amount to maintain and preserve the assets at the established condition assessment level.
• The government documents that the eligible infrastructure capital assets are being preserved approximately at
the established and disclosed condition assessment level.
Roads. The County manages its road network using its pavement management system and accounts for them
using the modified approach. The road condition rating (OCI) is a numerical scale ranging from 0 (failed) to 100
(new). The County’s goal is to maintain roads at or above an OCI rating of 50 (Fair). Current road condition data
is shown on schedule S-93-1.
Bridges. The County manages its bridge network using the State’s Bridge Management and Inspection Program
that determines a bridge’s condition rating (“Sufficiency Rating”). The bridge “Sufficiency Rating” is a numerical
scale ranging from 0 (failed) to 100 (new). The County’s goal is to maintain bridges at or above a “Sufficiency
Rating” of 50 (Fair). Current bridge condition data is shown on schedule S-93-2.
8. Compensated Absences - It is the County’s policy to permit employees to accumulate earned but unused
vacation and sick pay benefits. There is no liability for unpaid accumulated sick leave since the County does not
have a policy to pay amounts when employees separate from service with the County. All vacation pay is accrued
when incurred in the government-wide, proprietary, and fiduciary fund financial statements. The General Fund is
typically used to liquidate the liability for compensated absences.
9. Long-term Obligations – In the government-wide financial statements, and the proprietary fund types in the
fund financial statements, long-term debt and other long-term obligations are reported as liabilities in the
applicable governmental activities or proprietary fund type statement of net assets. Long-term debt represents
Page 45
unmatured principal of general and special obligation bond indebtedness. Other long-term obligations represent
outstanding net present value portions due on capital lease obligations, and landfill closure costs.
10. Net Assets and Fund Balances – In the government-wide financial statements, the difference between the
County’s total assets and total liabilities represents net assets. Net assets for both governmental funds and
proprietary fund types displays three components – invested in capital assets , net of related debt; restricted
(distinguished between major categories of restrictions); and unrestricted. Unrestricted net assets represent the net
assets available for future operations.
The County reserves those portions of governmental fund balance which are legally segregated for a specific future
use or which do not represent available expendable resources and, therefore, are not available for appropriation or
expenditure. Fund balance reserves have been established for debt service, inventory and prepaid items, and
encumbrances. Designations of fund balance represent tentative management plans that are subject to change.
Designations have been established for future expenditures, equipment replacement, and next year’s budget.
When both restricted and unrestricted resources are available for use, it is the government’s policy to use restricted
resources first, then unrestricted resources as they are needed.
11. Landfill Closure and Post-Closure Care Costs - In accordance with GASB Statement No. 18, Accounting for
Municipal Solid Waste Landfill Closure and Post-closure Care Costs, the County recognizes expenses for landfill
closure and post-closure care costs over the life of the landfill’s operation in proportion to the usage of the
landfill’s total capacity. Federal and state regulations related to landfill closure procedures are comprehensive and
require post-closure care and monitoring for a period extending thirty (30) years after closure.
Wellford Wellford Wellford
Landfill sites Croft I - IV V & VB VI Total
Estimated future costs:
Closure Completed Completed $6,607,778 $4,922,700 $11,530,478
Post-closure $2,443,140 $3,005,640 6,010,200 1,231,200 12,690,180
2,443,140 3,005,640 12,617,978 6,153,900 24,220,658
Percentage of total
landfill capacity used
as at June 30, 2008 100% 100% 94.8% 0.0%
2,443,140 3,005,640 11,961,843 0 17,410,623
Above amounts in FY2009 budget 116,340 136,620 0 0 252,960
$2,326,800 $2,869,020 $11,961,843 $0 $17,157,663
The County will record the remaining estimated cost of closure and post-closure care costs of $6,810,035 as the
remaining capacity is filled. The liability recorded is based on current year estimated dollars. Actual costs may be
higher due to inflation, changes in technology, or changes in the federal/state regulations. The estimated life of the
Wellford VI cell is 10.5 years. Estimated remaining landfill life is 50 years.
Page 46
NOTE 2 – STEWARDSHIP, COMPLIANCE AND ACCOUNTABILITY
Excess of expenditures over appropriations - For the year ended June 30, 2008, expenditures exceeded appropriations
in the following departments (the legal level of budgetary control):
General Fund:
General government:
Human Resources $ 53,383
Register of Deeds 359,356
Veterans Affairs 33,097
Auditor 18,583
Assessor 109,693
Information Technologies 41,378
Geographic Information System 16,522
Delinquent Tax 27,823
Finance 4,803
Purchasing 3,160
Economic Development 3,185
Judicial:
Master-in-Equity 589
Public Defender 122,168
District Magistrates 5,709
Victim/witness Program 4,037
Public safety:
Sheriff 2,217,119
Coroner 112,785
Detention Facilities 1,861,002
Local Law Enforcement Grant 2,738
Emergency Preparedness Office 8,483
Roads:
Public Works - Road Maintenance 54,688
Sanitation:
Animal Control 69,464
Health & welfare:
Transportation Service Bureau 2,014
Buildings:
County Buildings 43,910
Conservation:
Soil & Water Conservation 112
Special Revenue Funds:
Solid Waste Management Fund:
Sanitation
Solid Waste Collection 190,782
Landfill 40,091
Landfill Administration 422,023
Workforce Investment Board 1,225,700
Recreation District:
Special Projects 369,715
Administration 43,966
DSS Summer Lunch Program 34,712
Capital Project Fund - Buildings
Administrative Building Renovations 167,267
Detailed information on budget variations is presented in the Required Supplementary Information section.
Page 47
Deficit fund equity – The following funds had a deficit fund balance as of June 30, 2008:
Special Revenue Funds:
Palmetto Landfill $ 794
Sheriff Gambling 773
Trans Serv Bureau Grants 311
Capital Project Funds:
Jail Maintenance 46,487
Cleveland Park 914,516
Administrative Building Renovations 129,455
NOTE 3 - DEPOSITS AND INVESTMENTS
Deposits
Statutes authorized the County to invest in obligations of the United States and its agencies, general obligations (not
revenue obligations) of the State of South Carolina and its subdivisions, financial institutions to the extent of federal
insurance, certificates of deposit collaterally secured, repurchase agreements secured by the foregoing obligations, and
the State Treasurer's Investment Pool.
Custodial credit risk – The County does not have a formal policy for custodial credit risk, which is the risk of a bank
failure where deposits may not be returned to the County. As of June 30, 2008 $435,234 of the County’s bank balance
of $98,023,155 was exposed to custodial credit risk as uninsured and uncollateralized.
Investments
Interest rate risk – As a means of limiting its exposure to fair value losses arising from increasing interest rates, the
County limits its investments to maturities of 2 years or less.
At June 30, 2008, the County had the following investments:
Investment Type Fair Value Maturity Rating
Repurchase Agreement $16,558,457 Daily N/A
NOTE 4 - PROPERTY TAXES
Property taxes attach as an enforceable lien on property as of January 1. Taxes are normally levied in September,
penalties are added beginning in January 15, and, if unpaid, are transferred to delinquent status March 15. The County
bills and collects its own property taxes and also taxes for the school districts, fire districts, certain water districts and
towns and cities. Collections and remittances of taxes to other entities are accounted for in the Trust and Agency
Funds.
Property taxes on motor vehicles are assessed on a monthly basis. Unpaid vehicle taxes are eventually removed from
the tax records and then, if subsequently paid, are entered as supplementals.
Taxes receivable at June 30, 2008 represent delinquent taxes for 1998 through 2008. An allowance for uncollectible
taxes has been established for all uncollected taxes. The allowance in the governmental fund types and fiduciary funds
is based on the percentage of actual uncollectibles to the total delinquent taxes receivable.
Deferred revenue has been recorded for the collectible portion of delinquent taxes since it is not anticipated to be
received and/or available within 60 days of year end.
The following is a schedule of delinquent taxes receivable and allowance for uncollectibles by fund type.
Page 48
Gross Net
Delinquent Delinquent
Taxes Allowance for Taxes
Receivable Uncollectibles Receivable
General fund $3,331,780 $1,314,387 $2,017,393
Special revenue funds 2,490,732 982,594 1,508,138
Debt service funds 322,154 127,090 195,064
Agency funds 16,128,324 6,362,624 9,765,700
$22,272,990 $8,786,694 $13,486,295
NOTE 5 - RETIREMENT PLAN
A. Plan Description -- The County is a member of the South Carolina Retirement System (SCRS) and the South
Carolina Police Officers' Retirement System (PORS), two of four defined benefit retirement systems maintained by the
Retirement Division of the State Budget and Control Board of South Carolina. Each system publishes its own
component unit financial report.
The systems provide retirement, death, and disability benefits to State employees, public school employees, and
employees of counties, municipalities, and certain other State political subdivisions. Each system is independent.
Assets may not be transferred from one system to another or used for any purpose other than to benefit each system's
participants.
A comprehensive annual financial report containing financial statement and required supplementary information for the
South Carolina Retirement System and Police Officers' Retirement System is issued and publicly available by writing
the South Carolina Retirement System, P.O. Box 11960, Columbia, SC 29211-1960.
B. Funding and Benefit Policies -- Title 9 of the South Carolina Code of Laws of 1976 (as amended) prescribes
requirements relating to membership, benefits, and employee/employer contributions for each system. The following
paragraphs summarize the requirements for the SCRS and PORS.
SCRS is a cost-sharing multiple-employer pension system that benefits employees of public schools, the State, and its
political subdivisions. Membership is required as a condition of employment. Both employers and employees must
contribute. Employees contribute at 6.5% and employers at 9.06%. In addition to the above rates, participating
employers of SCRS contribute .15% of payroll to provide a group life insurance benefit for their participants. Benefits
vest after five years of service. Vested members who retire at age sixty-five or with thirty years of service at any age
receive an annual benefit, payable monthly for life. The benefit is based on length of service and on average final
compensation, an annualized average of the employee's highest twelve consecutive quarters' compensation. The annual
benefit amount is 1.82% of average final compensation times years of credited service. Reduced benefits are payable
as early as age sixty.
PORS is a cost-sharing multiple employer pension system that benefits all full-time County employees whose principal
duties are the preservation of public order, protection, or prevention and control of property destruction by fire.
Membership is required as a condition of employment. Both employers and employees must contribute. Employees
contribute at 6.5% and employers at 10.3%. In addition to the above rates, participating employers of PORS contribute
.20% of payroll to provide a group life insurance benefit and another .20% to provide accidental death coverage for
their participants. Employees who retire at or after age 55 or with 25 years of credited service are entitled to a
retirement benefit, payable monthly for life, equal to 2.14 percent of average final compensation multiplied by the
number of years of credited service. Benefits fully vest on reaching 5 years of service.
C. Contributions Required and Contributions Made -- Both employees and employers are required to contribute to the
Plan at rates established under authority of Title 9 of the Code of Laws.
The following provides a summary of the County's Retirement Plan Contributions at June 30, 2008 for an average
membership of 1,627. (Includes the group life insurance for both plans and accidental death insurance for the Police
Plan).
Page 49
Year Ended Employee Employer Total
June 30 Plan Contributions Contributions Contributions
2008 Regular $ 2,130,022 $ 3,062,919 $ 5,192,941
Police 1,465,024 2,411,655 3,876,679
2007 Regular 2,028,302 2,631,083 4,659,385
Police 1,369,973 2,255,185 3,625,158
2006 Regular 1,894,438 2,336,939 4,231,377
Police 1,254,792 2,068,396 3,323,188
Actuarially determined contribution requirements are equal to the actual contributions made to SCRS and PORS.
D. Trend Information -- Trend information gives an indication of the progress made in accumulating sufficient assets
to pay benefits when due. Ten year historical trend information is available in the Component Unit Financial Report
issued annually by the South Carolina Retirement Systems.
NOTE 6 – CAPITAL ASSETS
A summary of changes in the capital assets during the year ended June 30, 2008 are as follows:
Primary Government Balance Balance
June 30, June 30,
2007 Additions Deletions 2008
Capital assets, not being depreciated:
Land $ 18,199,285 16,000 - 18,215,285
Infrastructure 258,342,462 21,902,808 - 280,245,270
Construction in progress 6,066,996 6,672,653 8,369,609 4,370,041
Total capital assets, not being depreciated 282,608,743 28,591,461 8,369,609 302,830,596
Capital assets, being depreciated:
Buildings 73,189,147 37,299 (101,742) 73,328,188
Improvements other than buildings 8,195,243 7,601,201 (48,739) 15,845,184
Furniture & equipment 53,713,133 5,024,754 5,424,149 53,313,738
Total capital assets, being depreciated 135,097,523 12,663,255 5,273,668 142,487,110
Less accumulated depreciation for:
Buildings (33,185,996) (2,418,737) - (35,604,733)
Improvements other than buildings (4,422,825) (599,427) - (5,022,252)
Furniture & equipment (38,064,340) (4,259,830) 5,355,633 (36,968,537)
Total accumulated depreciation (75,673,161) (7,277,994) 5,355,633 (77,595,522)
Total capital assets, being depreciated, net 59,424,362 5,385,260 (81,965) 64,891,588
Governmental activities capital assets, net $ 342,033,105 $ 33,976,722 $ 8,287,644 $ 367,722,183
Page 50
Depreciation expense was charged to functions/programs of the primary government as follows:
Governmental activities:
General government $ 485,804
Public safety 2,002,486
Roads 606,411
Sanitation 925,600
Health & welfare 68,281
Community & economic development 23,691
Recreation 437,639
Judicial 78,381
Buildings 1,584,933
Mass transportation 15,889
Library 1,048,879
Total depreciation - Governmental activities $ 7,277,994
Capital asset outlay/depreciation reconciliation of the Statement of Revenues to the Statement of Activities:
Construction in progress:
Additions $6,672,653
Deletions (8,369,609)
Acqusitions:
Land 16,000
Land improvements 7,649,940
Buldings 139,041
Furniture & equipment 5,028,117
Bridges 2,559,000
Depreciation charged to expense (7,277,994)
Book value of assets disposed of (71,879)
$6,345,268
NOTE 7 - LEASES
Operating Leases
The County leases miscellaneous equipment under non-cancelable operating leases. Total costs for these leases for the
year ended June 30, 2008 were $280,311. The future minimum lease payments for these leases are as follows:
Year Ended General Drug
June 30, Fund Abuse Library Total
2009 252,000 18,000 270,000
2010 - 12,000 0 12,000
$ - $ 264,000 $ 18,000 $ 282,000
Lease expense for year:
Library $ 17,966
County 262,345
$ 280,311
In March, 1999, the Alcohol and Drug Abuse Commission entered into an agreement to lease building space and paid a
security deposit of $240,000 to the lessor. The lease agreement stated that upon completion of the renovations to the
leased building in June, 2000, monthly rental payments of $20,000 escalating up to $21,000 over a ten-year period shall
be made. The amount of the security deposit that is refundable is contingent upon any early termination of the lease
agreement.
In April, 2001, the County entered into an agreement with Spartanburg Technical College for use of office space at a
minimal amount with a purchase option or lease after 6 years at the rate of $3.00 per square foot ($90,000 annually).
Page 51
In October 2005, the County entered into an agreement to lease storage space under a records management system for a
term of 3 years, terminating in October 2008. The monthly rate is 19 cents per cubic foot for records storage or 22.8
cents for each standard box stored. The current average monthly cost is $2,800.
Capital Leases
Governmental funds:
Capital leases payable at June 30, 2008 are comprised of the following individual leases:
$3,275,368 capital lease to an equipment vendor payable
in annual installments of principal and interest of $897,445
through March 2011 at 3.77%; collateralized by equipment $2,501,404
$807,821 capital lease to an equipment vendor payable
in annual installments of principal and interest of $212,513
through April 2012 at 2.07%; collateralized by equipment 807,821
3,309,225
Less current portion 998,934
Long-term portion outstanding $2,310,291
Annual requirements to amortize all capital leases outstanding as of June 30, 2008 are as follows:
Year Ending
June 30 Principal Interest Totals
2009 $ 998,934 $ 110,721 $ 1,109,655
2010 1,033,265 76,693 1,109,959
2011 1,068,822 41,137 1,109,959
2012 208,204 4,310 212,513
$ 3,309,225 $ 232,861 $ 3,542,086
The libraries have various capital leases for computer hardware and software. The schedule of future minimum lease
payments and net present value of the minimum lease payments are as follows:
Year Ending
June 30 Amount
2009 $ 117,989
2010 25,789
2011 17,424
2012 4,356
Total minimum lease payments 165,558
Less: amount representing interest (20,639)
Present value of minimum payments $ 144,919
The gross amount of capital assets recorded under capital leases as of June 30, 2008 was $4,393,812.
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NOTE 8 – LONG-TERM DEBT
Bonds payable at June 30, 2008 are comprised of the following bond issues:
Original
Issue Date of Date of Interest Outstanding Applicable to
Description of Issue Amount Issue Maturity Rate June 30, 2008 Capital Assets
GENERAL OBLIGATION BONDS
GO bonds series 1996 $ 10,000,000 6-30-96 8-1-97/2009 5.25% $ 1,985,000 $ 1,985,000
GO bonds series 1997 7,745,000 4-1-97 4-1-98/2009 4.737% 180,000 180,000
GO refunding bonds series 1998A 6,200,000 4-1-98 10-1-98/2010 4.1%-6.0% 1,600,000
GO bonds series 1998 Auditorium 6,000,000 8-1-98 10-1-98/2018 4.7936% 255,000
GO bonds series 1999 7,665,000 6-1-99 10-1-99/2019 4.958% 5,500,000
GO bonds series 2000 13,000,000 4-1-00 4-1-00/2020 5.3519% 1,170,000 1,170,000
GO bonds series 2003 14,540,000 7-4-03 4-1-04/2018 2.89% 4,830,000 3,477,600
GO bonds series 2004 1,890,000 7-30-04 4-1-04/2009 2.64% 400,000 328,000
GO refunding bonds series 2005 13,145,000 10-12-05 4-1-06/2020 3.99% 12,885,000 7,215,600
GO USC Upstate land 3,280,000 11-20-07 4-1-08/2028 4.02% 3,280,000
Total $ 83,465,000 $ 32,085,000 $ 14,356,200
The South Carolina constitution permits the County to incur general obligation (general purpose) bonded indebtedness
not to exceed eight percent of the assessed value of taxable property in the County. At June 30, 2008, the County was
in compliance with this requirement. Further, the general obligation bonds are supported by the full faith, credit, and
taxing power of the County.
There are a number of limitations and restrictions contained in the various bond indentures. The County is in
compliance with all significant limitations and restrictions as of June 30, 2008 and no events of default have occurred
during the past fiscal year.
Interest expense was charged to functions/programs as follows:
Primary Government - Governmental Activities:
Public safety $ 17,392
Culture and recreation 26,915
Buildings 541,178
Technical College 165,216
Library 530,084
$ 1,280,785
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The annual requirements to amortize all bonded indebtedness outstanding as of June 30, 2008 are as follows:
Year
Ended
June 30, Principal Interest Total
2009 $5,535,000 $1,270,986 $6,805,986
2010 3,270,000 1,060,090 4,330,090
2011 2,360,000 935,595 3,295,595
2012 1,895,000 853,026 2,748,026
2013 1,985,000 777,160 2,762,160
2014 2,080,000 695,543 2,775,543
2015 2,185,000 606,355 2,791,355
2016 2,295,000 511,888 2,806,888
2017 2,375,000 419,356 2,794,356
2018 2,470,000 322,294 2,792,294
2019 2,200,000 220,231 2,420,231
2020 1,785,000 128,619 1,913,619
2021 175,000 66,450 241,450
2022 185,000 59,450 244,450
2023 190,000 52,050 242,050
2024 200,000 44,450 244,450
2025 210,000 36,450 246,450
2026 220,000 27,945 247,945
2027 230,000 19,035 249,035
2028 240,000 9,720 249,720
TOTALS $32,085,000 $8,116,693 $40,201,693
The following is a summary of the changes in long-term obligations for the year ended June 30, 2008:
Balance Balance
June 30, June 30, Due Within
2007 Additions Reductions 2008 One Year
General obligation bonds $ 34,005,000 $ 3,280,000 $ 5,200,000 $ 32,085,000 $ 5,535,000
Compensated absences 3,948,373 440,227 167,849 4,220,751 2,060,245
Unfunded OPEB costs 0 6,400,261 1,797,933 4,602,328 0
Landfill closure liability 15,579,682 1,830,941 17,410,623 252,960
Capital lease 3,599,368 860,693 1,005,917 3,454,144 1,103,576
$ 57,132,423 $ 12,812,122 $ 8,171,699 $ 61,772,846 $ 8,951,781
Page 54
NOTE 9 – INTERFUND RECEIVABLES AND PAYABLES
The composition of interfund balances as of June 30, 2008, is as follows:
Receivable Payable
INTERFUND:
General Fund $ 7,139,922 $ 26,515,576
Special Revenue Funds:
Solid Waste 4,975,461
Road maintenance 2,928,484
Storm water 1,502,089
Drug enforcement 28,268
Special Revenue 6,025,363
Sheriff/Federal 324,304
Transportation Services 1,827,383
Workforce investment board 1,540,773
Technical College 1,083,882
Charles Lea Center 475,669
911 telephone system 595,640
Recreation District 1,791,574
Palmetto landfill 137,355
Forfeited gambling 773
Drug and alcohol commission 1,082,605
Library 205,825
Hospitality Tax 1,270,770
Fire Districts 83,280
Debt Service Fund 1,014,154
Capital Projects Funds:
Fed CD Block Grants 191,741
Jail Maintenance 46,487
Capital Project Reserve 398,026
Capital Projects 3,986,009 1,043,971
Road Grants 1,112,170
Agency Funds:
Delinquent Tax Office 871,641
Treasurer's Office 1,379,160
Proprietary Fund:
Fleet Services 244,295
$ 34,911,325 $ 34,911,325
The following is a summary of interfund transfers at June 30, 2008:
Transfers In Transfers Out
Major Governmental Fund
General Fund 1,839,513 $ 1,685,258
Special Revenue 7,185 200,000
Solid Waste 5,157,024
Non-Major Governmental Funds 11,655,415 8,760,939
Internal Service Fund 2,301,108
$ 15,803,221 $ 15,803,221
The outstanding balances between funds results from the pooling of our cash. The General Fund maintains the pooled
cash balance of the other funds and shows the amount owed to the other funds as a liability to that fund (or as a
receivable if the other fund has a negative cash balance). The transfer between the Debt Service Fund and Library are
for debt service reimbursement to the Debt Service Fund which makes all debt service payments for all funds and the
Library.
NOTE 10 - CONTRACTS AND COMMITMENTS
Page 55
Contracts -- The County has entered into the following contracts for provision of services:
Various rural fire departments and municipal fire departments contracted to provide fire protection services
for the service areas in Special Fire Districts Fund. The terms of the contracts are for one year which expire
June 30 of each year. The costs of services are based on the amount of fees assessed by the districts and
collected by the County Treasurer in the form of property taxes.
Spartanburg Regional Medical Center contracted to operate emergency medical services and public
transportation project. The terms of the contracts require that the County reimburse the hospital for all cost
related to these programs.
Construction Contracts -- Outstanding commitments at June 30, 2008 totaled $311,904 on contracts of $1,722,316 for
construction maintenance projects.
NOTE 11 - RELATED PARTY TRANSACTIONS
The County has also designated funds to assist in the operating costs of the following related party entities for fiscal
year 2008:
• Transportation Service Bureau - $50,514
• Mountain View Nursing Home - $104,340
• Area Mental Health Center - $351,433
• Area Health Department - $270,000
• Rescue Squads - $154,546
• Volunteer Fire Departments - $34,557 operating, $48,152 capital
• County Extension Office - $1,460
• Department of Social Services - $135,000
• Senior Center - $231,320
• Girls Home - $22,000
• Boys Home - $53,000
• Historical Association Museum - $39,150
• Arts Partnership - $226,130
NOTE 12 - POST RETIREMENT HEALTH CARE AND LIFE INSURANCE BENEFITS (OPEB)
Plan Description. In accordance with the provisions of the County personnel manual, retired employees are eligible
for the same health care benefits as full-time employees at substantially no cost to the individual until age 65. As with
employees, there are additional charges for dependent coverage. Benefits provided include health, dental, and life
insurance coverage. Upon reaching age 65, the cost to the employee is $75 per month.
Funding Policy. As of year end, there were 145 employees retired and under the age of 65 that were receiving full
premium-coverage benefits. There were 154 employees retired and over the age of 65 who were paying $75 per month
for coverage. For the year ended June 30, 2008, the County incurred net expenditures for the plan of approximately
$1,751,465, financed on a pay-as-you go basis.
Annual OPEB Cost and Net OPEB Obligation. The County’s annual other post employment benefit (OPEB) cost is
calculated based on the annual required contribution (ARC) of the County. The County’s ARC has been calculated
by the actuarial firm of Gabriel Roeder Smith & Company. The ARC represents a level of funding that, if paid on an
ongoing basis, is projected to cover normal cost each year and to amortize any unfunded actuarial liabilities over thirty
years. The following table shows the components of the County’s annual OPEB cost for the year and the changes in
the County’s net OPEB obligation to the current retiree health care benefits:
Annual required contribution (ARC) $6,061,195
Contributions made 1,751,465
Increase in OPEB obligation 4,309,730
Net OPEB obligation 7/1/07 0
Net OPEB obligation 6/30/08 $4,309,730
Page 56
Funding Status. As of June 30, 2007, the actuarial accrued liability for benefits was $74,125,553, all of which was
unfunded. The covered payroll (annual payroll of active employees covered by the plan) was $54,700,122, and the ratio
of the unfunded actuarial accrued liability to the covered payroll was 135.5 percent.
The projection of future benefit payments for an ongoing plan involves estimates of the value of reported amounts
and assumptions about the probability of occurrence of events far into the future. Examples include assumptions about
future employment, mortality, and the healthcare cost trend. Amounts determined regarding the funded status of the
plan and the annual required contributions of the employer are subject to continual revision as actual results are
compared with past expectations and new estimates are made about the future. The schedule of funding progress,
presented as required supplementary information following the notes to the financial statements, will present multiyear
trend information about whether the actuarial value of plan assets is increasing or decreasing over time relative to the
actuarial accrued liabilities for benefits.
Methods and Assumptions. Projections of benefits for financial reporting purposes are based on the substantive plan
(the plan as understood by the employer and plan members) and include the types of benefits provided at the time of
each valuation and the historical pattern of sharing of benefit costs between the employer and plan members to that
point. The methods and assumptions used include techniques that are designed to reduce the effects of short-term
volatility in actuarial accrued liabilities and the actuarial value of assets, consistent with the long-term perspective of
the calculations. The complete actuarial report is on our web site: www.spartanburgcounty.org.
NOTE 13 - DEFERRED COMPENSATION PLANS
Several optional deferred compensation plans are available to the County's employees. The multiple-employer plans,
created under Internal Revenue Code Sections 457, 401(k), and 403(b) are accounted for by the State of South
Carolina. Employees may withdraw the current value of their contributions when they terminate employment. With
approval of the State's Deferred Compensation Commission, employees may also withdraw the current value of their
contributions prior to termination of employment if they meet certain requirements. These requirements differ among
the three plans. Compensation deferred under the Section 457, 401(k) and 403(b) plans is placed in trust for the
contributing employees. Neither the State nor the County has any liability for losses under the plans.
NOTE 14 – RISK MANAGEMENT
The General fund has accumulated assets to cover risks that the County incurs in its normal operations. Specifically
the County itself (rather than an insurance carrier) assumes substantially all risks associated with:
Claims of County employees for unemployment compensation benefits,
Claims of covered public employees for dental insurance and Medicare supplemental health insurance.
Insurance carriers provide claims administration services. The County's General Fund has recorded a liability
for incurred claims known but not paid at June 30, 2008 of $64,505.
Description of coverage FY07 FY08
MEDICAL CLAIMS:
Unpaid claims at beginning of year $ 102,350 $ 102,572
Claims incurred 1,294,926 1,351,154
Claims paid 1,294,704 1,389,221
Unpaid claims at year end 102,572 64,505
UNEMPLOYMENT CLAIMS:
Unpaid claims at beginning of year 24,574 10,335
Claims incurred 65,158 32,481
Claims paid 79,397 38,791
Unpaid claims at year end 10,335 4,025
NOTE 15 - CONTINGENT LIABILITIES
Page 57
The County participates in a number of federally assisted grant programs. These programs were subjected to financial
and compliance audits of major program requirements under the Office of Management and Budgets' Circular A-133
Audits of States, Local Governments, and Non-profit Organizations, the results of which are published in a
supplementary report. The supplementary report may include certain findings of noncompliance which will be
reviewed by the "cognizant" federal agency at some future date. The amount, if any, of expenditures which may be
disallowed by the granting agencies cannot be determined at this time although the County expects such amounts, if
any, to be immaterial.
The federal government has a lien on all capital assets acquired with federal funds. The lien remains in effect until the
assets are considered fully depreciated.
The County is named as defendant in numerous actions presently pending. A tort liability insurance policy is
maintained by the County with the State Insurance Reserve for losses up to $1,000,000. In addition, actions are
generally subject to statutory limits of $600,000 actual damages and exclusion of punitive damages.
NOTE 16 - CONDUIT DEBT OBLIGATIONS
Industrial Revenue Bonds are issued to provide financial assistance to private-sector entities for the acquisition and
construction of industrial and commercial facilities deemed to be in the public interest, such bonds are secured by the
property financed and are payable solely from payments received on the underlying mortgage loans. Upon repayment
of the bonds, ownership of the acquired facilities transfers to the private-sector entity served by the bond issuance.
Neither Spartanburg County, the State, nor any political subdivision thereof is obligated in any manner for repayment
of the bonds. Accordingly, the bonds are not reported as liabilities in the accompanying financial statements. No
Industrial Revenue Bonds were approved by the County in fiscal year 2008. The aggregate principal amount payable
for issues prior to July 1, 2008, could not be determined.
NOTE 17 – SUBSEQUENT EVENT
NOTE 18 – PRIOR PERIOD ADJUSTMENT
The carrying cost of all roads and bridges was re-done to comply with the recommended method of determining values
when actual costs are unknown. This recalculation resulted in the following changes to carrying values:
Governmental Activities Net Assets as of June 30, 2007 $ 517,892,196
GASB No. 34 adjustments:
Correct infrastructure valuation - bridges 14,355,300
Correct infrastructure valuation - roads (202,599,838)
(188,244,538)
Net assets, Governmental Activities, June 30, 2007 (restated) $ 329,647,658
Page 58
REQUIRED SUPPLEMENTARY
INFORMATION
Page 59
[BLANK PAGE]
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Page 1 of 3 S-35
Spartanburg County, South Carolina
General Fund
Schedule of Revenues, Expenditures, and Changes in Fund Balance
Budget (GAAP basis) and Actual
For the fiscal year ended June 30, 2008
Budgeted Amounts Variance with
Original Final Actual Final Budget
REVENUES:
Taxes $ 47,053,327 $ 47,053,327 $ 46,208,244 $ (845,083)
Permits, fines, and fees 9,874,500 9,874,500 9,952,643 78,143
Intergovernmental:
Federal 2,898,500 2,898,500 2,473,475 (425,025)
State 15,581,000 15,588,636 16,635,063 1,046,427
Local 1,962,294 1,962,294 1,877,672 (84,622)
Interest 2,200,000 2,200,000 1,527,540 (672,460)
Miscellaneous 2,611,500 3,045,188 3,452,037 406,849
Total revenues 82,181,121 82,622,445 82,126,674 (495,771)
EXPENDITURES:
General government:
County Delegation 59,350 59,350 57,804 1,546
County Council 379,880 380,880 318,012 62,868
County Administrator 487,070 487,070 476,001 11,069
Budget Management 317,540 317,547 292,082 25,465
Legal Services 272,130 271,920 267,031 4,889
Human Resources 469,111 467,466 520,849 (53,383)
Register of Deeds 1,764,700 1,764,700 2,124,056 (359,356)
Registration and Elections 805,160 805,160 797,699 7,461
Records Management - 3 (3,106) 3,109
Veterans Affairs 255,840 255,748 288,845 (33,097)
Building & Fire Services 1,183,565 1,183,763 1,179,739 4,024
Auditor (tax rolls) 944,980 944,980 963,563 (18,583)
Treasurer 932,500 933,467 906,514 26,953
Internal Auditor 183,895 182,570 160,298 22,272
Assessor 2,336,820 2,334,909 2,444,602 (109,693)
Information Technologies 1,012,386 982,067 1,023,445 (41,378)
Geographic Information System 426,240 434,446 450,968 (16,522)
Delinquent Tax 411,910 411,910 439,733 (27,823)
Finance 571,720 572,330 577,133 (4,803)
Purchasing 188,900 188,900 192,060 (3,160)
Economic Development 282,570 282,570 282,565 5
Planning & Development 1,065,790 1,065,601 974,190 91,411
Non-departmental 3,643,774 4,001,022 3,784,010 217,012
Total General Government 17,995,831 18,328,379 18,518,093 (189,714)
Recreation & culture:
Recreation:
Athletics - - 32 (32)
Historical Association Museum 39,150 39,150 39,150 -
Arts Partnership 226,130 226,130 226,130 -
Total Recreation & Culture 265,280 265,280 265,312 (32)
Page 61
Page 2 of 3 S-35
Spartanburg County, South Carolina
General Fund
Schedule of Revenues, Expenditures, and Changes in Fund Balance
Budget (GAAP basis) and Actual
For the fiscal year ended June 30, 2008
Budgeted Amounts Variance with
Original Final Actual Final Budget
Judicial:
Clerk of Court 2,292,260 2,279,287 2,111,318 167,969
Probate Court 1,055,520 1,056,775 1,050,023 6,752
Master-in-Equity 353,010 357,341 357,930 (589)
Public Defender 1,331,673 1,401,428 1,523,596 (122,168)
District Magistrates 648,321 648,321 654,030 (5,709)
Magisterial Court 2,479,750 2,473,172 2,461,508 11,664
Circuit Solicitor 3,309,553 3,310,158 3,298,185 11,973
Victim/witness Program 143,170 143,170 147,207 (4,037)
Pretrial - Adult 246,590 321,054 249,175 71,879
Pretrial - Juvenile 92,250 92,250 90,362 1,888
Total Judicial 11,952,097 12,082,956 11,943,334 139,622
Public safety:
Communications - Repair & Maintenance 238,750 239,930 231,244 8,686
Communications - Dispatching 3,189,580 3,149,544 3,031,058 118,486
Communications - County Costs 389,320 389,320 378,702 10,618
Sheriff 20,373,000 20,301,705 22,518,824 (2,217,119)
Coroner 908,720 908,940 1,021,725 (112,785)
Detention Facilities 12,978,268 12,987,443 14,848,445 (1,861,002)
Local Law Enforcement Grant - - 2,738 (2,738)
Volunteer Fire Departments 60,750 60,750 34,557 26,193
Emergency Services Academy 238,680 238,680 229,132 9,548
Emergency Preparedness Office 222,070 222,070 230,553 (8,483)
Haz Mat Team 199,490 200,037 192,073 7,964
Total Public Safety 38,798,628 38,698,419 42,719,051 (4,020,632)
Roads:
Public Works - Engineering & Constr. 429,920 429,398 373,259 56,139
Public Works - Administration 162,390 162,461 150,076 12,385
Public Works - Road Maintenance 3,971,760 4,149,591 4,204,279 (54,688)
Total Roads 4,564,070 4,741,450 4,727,614 13,836
Sanitation:
Animal Control 1,370,070 1,371,018 1,440,482 (69,464)
Total Sanitation 1,370,070 1,371,018 1,440,482 (69,464)
Health & welfare:
Indigent Care Services 930,835 930,225 928,880 1,345
Emergency Medical Services 1,733,562 1,573,562 718,504 855,058
Transportation Service Bureau 48,500 48,500 50,514 (2,014)
Mountainview Nursing Home 104,340 104,340 104,340 -
Area Mental Health 359,960 359,960 351,433 8,527
Health Department 270,000 270,000 270,000 -
Rescue Squads 154,500 154,878 154,546 332
Department of Social Services 135,000 135,000 135,000 -
Senior Centers 231,320 231,320 231,320 -
Girls Home 22,000 22,000 22,000 -
Boys Home 53,000 53,000 53,000 -
Total Health & Welfare 4,043,017 3,882,785 3,019,537 863,248
Page 62
Page 3 of 3 S-35
Spartanburg County, South Carolina
General Fund
Schedule of Revenues, Expenditures, and Changes in Fund Balance
Budget (GAAP basis) and Actual
For the fiscal year ended June 30, 2008
Budgeted Amounts Variance with
Original Final Actual Final Budget
Buildings:
County Buildings 3,158,850 3,327,760 3,371,670 (43,910)
Total Buildings 3,158,850 3,327,760 3,371,670 (43,910)
Conservation:
County Extension Office 1,460 1,460 1,460 -
Soil & Water Conservation 34,960 34,960 35,072 (112)
Total Conservation 36,420 36,420 36,532 (112)
Total Expenditures 82,184,263 82,734,467 86,041,625 (3,307,158)
Excess (deficiency) of revenues over
(under) expendiutres (3,142) (112,022) (3,914,951) (3,802,929)
OTHER FINANCING SOURCES (USES)
Transfers in 383,508 533,301 1,839,513 1,306,212
Transfers out (2,622,060) (1,685,257) (1,685,258) (1)
Total other financing sources (uses) (2,238,552) (1,151,956) 154,255 1,306,211
Net change in fund balance (2,241,694) (1,263,978) (3,760,696) (2,496,718)
Fund balance at beginning of year 15,313,880 15,313,880 15,313,880 -
Fund balance at end of year $ 13,072,186 $ 14,049,902 $ 11,553,184 $ (2,496,718)
Page 63
S-79-1
Spartanburg County, South Carolina
Solid Waste Management Fund
Schedule of Revenues, Expenditures, and Change in Fund Balance
Budget (GAAP basis) and Actual
For the fiscal year ended June 30, 2008
Budgeted Amounts Variance with
Original Final Actual Final Budget
Revenues:
Residential landfill fees $ 5,400,000 $ 5,400,000 $ 5,457,208 $ 57,208
Business user dump fees 1,255,219 1,255,219 1,296,879 41,660
Commercial contract dump fees 275,000 275,000 189,706 (85,294)
State tire disposal fee 100,000 100,000 116,330 16,330
Recycling sales 450,000 450,000 645,759 195,759
Salvage sales - - - -
Grant revenue - 35,963 14,547 (21,416)
Miscellaneous - - 4,000 4,000
Interest - - 322,823 322,823
Total revenues 7,480,219 7,516,182 8,047,252 531,070
Operating expenditures:
Administration 503,155 503,155 925,178 (422,023)
Collections 1,964,134 1,964,859 2,148,616 (183,757)
Landfill 2,191,218 2,159,856 2,199,947 (40,091)
Environmental Enforcement 347,750 384,059 382,250 1,809
Capital outlay:
Collections 181,550 137,423 144,448 (7,025)
Landfill 490,600 277,313 218,313 59,000
Environmental Enforcement 500 500 422 78
Total expenditures 5,678,907 5,427,165 6,019,174 (592,009)
Excess (deficiency) of revenues over
(under) expenditures 1,801,312 2,089,017 2,028,078 (60,939)
Other financing sources (uses):
Operating transfers out (6,016,600) (4,701,212) (4,701,213) (1)
Net change in fund balance (4,215,288) (2,612,195) (2,673,135) (60,940)
Fund balance at beginning of year 7,599,401 7,599,401 7,599,401 -
Fund balance at end of year $ 3,384,113 $ 4,987,206 $ 4,926,266 $ (60,940)
Page 64
S-79-11
Spartanburg County, South Carolina
Special Revenue Fund
Schedule of Revenues, Expenditures, and Change in Fund Balance
Budget (GAAP) basis and Actual
For the fiscal year ended June 30, 2008
Budgeted Amounts Variance with
Original Final Actual Final Budget
REVENUES
Taxes $ 782,581 $ 1,000,654 $ 1,669,006 $ (668,352)
Permits, fines, and fees - 30,044 7,145 22,899
Intergovernmental - Federal 1,244,862 2,248,635 1,174,462 1,074,173
Intergovernmental - State 698,438 14,891,820 6,080,667 8,811,153
Intergovernmental - Local - - 49,193 (49,193)
Miscellaneous 298,485 685,865 507,661 178,204
Total revenues 3,024,366 18,857,018 9,488,134 9,368,884
EXPENDITURES
Current:
General government 1,212,331 1,430,404 2,110,792 (680,388)
Public Safety 547,940 1,729,023 871,420 857,603
Roads 220,484 13,298,518 5,629,216 7,669,302
Sanitation - 190,450 134,258 56,192
Health & welfare 383,775 390,489 345,936 44,553
Community & economic development - 132,000 - 132,000
Judicial 659,836 1,707,627 488,043 1,219,584
Debt service:
Interest & fees - - - -
Total expenditures 3,024,366 18,878,511 9,579,665 9,298,846
Excess (deficiency) of revenues over (under)
expenditures - (21,493) (91,531) 70,038
Other financing sources (uses):
Transfers in - 7,185 7,185 -
Transfers out - - (200,000) 200,000
Total other financing sources (uses) - 7,185 (192,815) 200,000
Net change in fund balances - (14,308) (284,346) 270,038
Fund balances at beginning of year - - 291,423 (291,423)
Fund balances at end of year $ - $ (14,308) $ 7,077 $ (21,385)
Page 65
S-93-1
Spartanburg County, South Carolina
Required Supplementary Information
Infrastructure Condition Data
Roads
The condition of the County’s roads is determined using its pavement management system (the Carte Graph
system). The County maintains 1697 miles of paved roads which are broken down into 4,617 segments for
management purposes.
Keeping the road inventory current consists of collecting 19 distress type measurements on each road segment.
These measurements are used by the system to calculate an “Overall Condition Index” (OCI) for each segment of
road. The index range is 0 to 100. A rating of 100 means a road segment has no distresses and is in perfect
condition. A rating of 0 means a road segment has failed and needs to be completely rebuilt. The OCI ratings are
broken down into the following condition categories:
0-40 Very poor
40-50 Poor
50-60 Fair
60-100 Good
The County’s goal is to maintain each road segment to an OCI rating of not less than 50 which will result in the
lowest long-term cost to taxpayers. For planning purposes, it is assumed that road segments above a 50 OCI rating
will deteriorate about 4 points per year. The table below shows the cost of the following road maintenance plan:
• Up-grade roads below 50 OCI in a five year period.
• Resurface roads in the 50-60 OCI range in the next two years to keep OCI’s above 50.
• Maintain current “Good” roads at 50 OCI or above.
FY2007 FY2008 FY2009 FY2010 FY2011 FY2012
Amount Amount
needed to needed to
maintain maintain
Rating
Square roads to 50 Square roads to 50
Description OCI Yards % OCI Yards % OCI Amount needed to maintain roads to 50 OCI
Very poor 0-40 337,448 1.8% $3,374,480 121,103 0.6% $1,332,133
Poor 40-50 820,052 4.3% 4,920,312 449,815 2.3% 3,036,251 $4,242,000 $4,242,000 $4,242,000 $4,242,000
Fair 50-60 866,171 4.6% 1,143,346 890,983 4.6% 4,232,169
Good 60-100 16,981,023 89.4% 17,814,946 92.4%
TOTAL 19,004,694 100.0% $9,438,138 19,276,847 100.0% $8,600,553 $4,242,000 $4,242,000 $4,242,000 $4,242,000
Actual expenditures $4,704,556 $4,242,107
Budgeted expenditures 4,249,000 4,242,107
Additional funds required to maintain roads at
desired level $4,733,582 $4,358,446
Road condition summary – the percentage of road surface below “Fair” has decreased by 6.8% over the past five
years:
FY2003 FY2004 FY2005 FY2006 FY2007 FY2008
Very poor 9.5% 5.1% 4.5% 1.8% 1.8% 0.6%
Poor 4.8% 4.6% 4.8% 2.9% 4.3% 2.3%
Fair 7.8% 7.1% 8.2% 8.2% 4.6% 4.6%
Good 77.9% 83.2% 82.5% 87.1% 89.4% 92.4%
100.0% 100.0% 100.0% 100.0% 100.0% 100.0%
No depreciation expense is reported for these roads and no amounts are capitalized in connection with
improvements that lengthen the lives of the roads. As of June 30, 2008, the county had 1697 miles of paved roads
with a carrying value of $248,243,970 and a replacement cost of approximately $1,368,656,000. During fiscal year
2008, 19 miles of roads with a value of $19,343,808 were donated to the County. The carrying cost of all roads was
re-done to comply with the recommended methods of GASB34 when actual cost is not known. This revised
computation decreased carrying value $202,599,838 and was recorded as a prior year adjustment.
Page 66
S-93-2
Spartanburg County, South Carolina
Required Supplementary Information
Infrastructure Condition Data
Bridges
The condition of the County’s bridges is determined using the State’s Bridge Management and Inspection Program
which determines a bridge condition rating (“Sufficiency Rating”) The County maintains 146 bridges.
The State of South Carolina, Department of Transportation evaluates our bridges every 1-2 years. This analysis is
used to calculate a “Sufficiency Rating” for each bridge. The index range is 0 to 100. A rating of 100 means a
bridge has no distresses and is in perfect condition. A rating of 0 means a bridge has failed and needs to be
completely rebuilt. The “Sufficiency Ratings” are broken down into the following condition categories:
0-35 Needs replacing ASAP (load restricted)
36-50 Place on replacement list
51-75 Watch for further degradation
76-90 Average condition
91-100 Excellent or new condition
The County’s goal is to maintain bridges at or above a “Sufficiency Rating” of 50 (Fair).
SPARTANBURG COUNTY BRIDGES
Fiscal Year
2005 2006 2007 2008 2009 2010 2011 2012
Acceptable 138 136 138 142 144 146 146 146
Sufficiency <50 (goal) 8 6 4 5 2 0 0 0
Sufficiency <50 (actual) 6 8 6 4
Replace Deficient Bridges
(2 per year) $1,200,000 $1,250,000 $2,010,000 $2,000,000 $2,000,000 $2,000,000
Replace non-posted
bridges (2 per year) $1,500,000 $1,500,000
Funds Expended $235,000 $235,000 $322,000 $1,937,000
6/30/2006 6/30/2007 6/30/2008
Number of Number of Number of
Sufficiency Ratings bridges Percent bridges Percent bridges Percent
0-35 Need replacing ASAP 3 2% 2 1% 2 1%
36-50 Placed on replacement list 5 3% 4 3% 2 1%
51-75 Watch for further degradation 66 46% 68 47% 68 47%
75-90 Average 16 1% 14 10% 12 8%
90-100 Excellent or New condition 54 38% 56 39% 62 42%
144 100% 144 100% 146 100%
No depreciation expense is reported for these bridges and no amounts are capitalized in connection with
improvements that lengthen the lives of the bridges. As of June 30, 2008, the county had 146 bridges with a
carrying value of $31,501,300 and a replacement cost of approximately $55,273,000. During fiscal year 2008, five
bridges were replaced and one new bridge was added at a total cost of $2,559,000. The carrying cost of all bridges
was re-done to comply with the recommended methods of GASB34 when actual cost is not known. This revised
computation increased carrying value $14,355,000 and was recorded as a prior year adjustment.
Page 67
Spartanburg County, South Carolina
Schedule of Funding Progress
for Retiree Health Plans
Actuarial UAAL as a
Actuarial Accrued Unfunded Percentage of
Actuarial Value of Liability AAL Funded Covered Covered
Valuation Assets (AAL) (UAAL) Ratio Payroll Payroll
Date (a) (b) (b – a) (a/b) (c) ((b – a) / c)
Primary government:
6/30/2007 $ - $ 74,125,553 $ 74,125,553 0% $ 54,700,122 135.5%
6/30/2008 0 74,125,553 74,125,553 0% 57,448,946 129.0%
Library:
6/30/2007 0 3,465,529 3,465,529 0% 4,154,121 83.4%
6/30/2008 0 3,465,529 3,465,529 0% 4,221,074 82.1%
Page 68
SPARTANBURG COUNTY, SOUTH CAROLINA
NOTES TO THE REQUIRED SUPPLEMENTARY INFORMATION
JUNE 30, 2008
Budgets and Budgetary Accounting - The County follows these procedures in establishing the budgetary
data reflected in the financial statements:
1. Prior to July 1, the County Administrator submits to the County Council a separate budgetary
report which includes a proposed budget for the fiscal year commencing on that date. The
operating budget includes proposed expenditures and the means of financing them.
2. The proposed budget is discussed at regular meetings of County Council.
3. After three (3) readings before County Council, the budget ordinance is legally enacted.
4. The County Administrator is authorized to transfer budgeted amounts within departments in any
fund. During the year, as additional resources become available and/or additional services and
programs are approved by County Council, the original budgeted amounts are amended to reflect
such changes.
5. Legally adopted annual budgets and formal budgetary integration is employed as a management
control device during the year for the General Fund, Debt Service Fund, and most Special
Revenue Funds. Capital Projects Funds are budgeted on a long-term project basis, rather than
annual appropriations.
6. Budgets for the General Fund, most Special Revenue Funds, and Debt Service Fund are adopted
on a basis consistent with U.S. generally accepted accounting principles (GAAP). Appropriations
for these funds lapse at the end of the fiscal year unless approved for carry forward as
supplemental appropriations.
7. Budgets for most grants are not adopted until the grant has been awarded and the actual amount
of the award is known. After grant award, a budget is adopted for the grant. These budgets are for
the duration of the grant which most times span fiscal years. Council approval is required before
application can be made for a grant and any required local match has been appropropriated by
Council.
Encumbrances – Under encumbrance accounting outstanding purchase orders are recorded in order to
reserve that portion of the applicable appropriation in the governmental fund types. Encumbrances
outstanding at year end are carried forward and are reported as reservations of fund balance.
Page 69
COMBINING AND INDIVIDUAL FUND
STATEMENTS AND SCHEDULES
Nonmajor Governmental Funds
Special Revenue Funds
Special revenue funds are used to account for specific revenues that are legally restricted to expenditure for
particular purposes.
Road Maintenance Fee Fund--Spartanburg County’s adopted budget for fiscal year 2006 enacts a $25
road maintenance fee for vehicles registered within the County. The purpose of this fee is to insure the
long term viability of the transportation infrastructure and to prevent deterioration of the road network.
Current estimates indicate the Road Maintenance Fee will generate approximately $5.6 million in annual
revenue to be used exclusively for the repair, maintenance, and upgrade of the County’s road system.
Storm Water Management Fund--This fund was created to comply with the National Pollution Discharge
Elimination System of the federal Clean Water Act addressing storm water related needs. The county
imposed a new one-mil levy for this purpose.
Drug Enforcement Fund--This fund is used to account for monies collected from court fines, seizures, etc.
These funds can only be expended for drug enforcement purposes.
Sheriff Federal Sharing Fund--This fund is used to account for the expenditure of funds received from
federally forfeited property (cash) from the U.S. Department of Justice. These funds are awarded to law
enforcement agencies instrumental in the arrest and conviction of the criminals who have been prosecuted
and fined in federal court.
Transportation Service Bureau--This fund is used to account for the operation of a county wide door-to-
door transportation service to give transit dependent citizens access to doctors, hospitals, human service
agencies, employment and job training sites, etc.
Palmetto Landfill Fund--This fund is used to account for monies collected from a Host Agreement with
the Palmetto Landfill Corporation and the payment of associated landfill monitoring costs.
911 Phone System Fund--This fund is used to account for monies collected from telephone subscribers.
These funds can only be expended for costs associated with the operation of emergency E911 dispatching
of police, fire, ambulance, and rescue services.
Page 70
Special Revenue Funds
(continued)
Workforce Investment Board--This fund is used to account for the operation of the JPTA program that
provides job training to unemployed persons.
Technical College--This fund is used to account for the tax levy receipts and disbursements of it to
Spartanburg Technical College.
Charles Lea Center--This fund is used to account for the tax levy receipts and disbursements of it to the
Charles Lea Center -- a school for the mentally and physically handicapped.
Forfeited Gambling Fund--This fund is used to account for various revenues that are restricted to
expenditure for law enforcement purposes.
Alcohol and Drug Commission--This fund is used to account for the operation of the Spartanburg County
Alcohol and Drug Abuse Commission. The commission is the primary service provider of alcohol and
drug education, prevention, intervention and treatment services in Spartanburg County. Income is derived
from fees for services paid by individuals, businesses, industry, state and federal grants.
Spartanburg County Public Library--A County appointed library board oversees the operation of a main
downtown library and several branch libraries throughout the county. Summary data from the Library's
audit report is presented here.
Spartanburg County Recreation District--A County appointed recreation board oversees the operation of
parks and recreation throughout the county. Tax millage is levied to cover the cost of these services.
Spartanburg County Hospitality Tax Fund -- Receives the proceeds from a 2% Local Hospitality Tax on
prepared meals and beverages adopted by ordinance as authorized in Article 7 of Chapter 1 of Title 6 of the
Code of Laws of South Carolina, 1976, as amended, generally referred to as the “Local Hospitality Tax
Act”. Provides a dedicated source of revenue and an appropriate and efficient means of funding tourist-
related infrastructure and capital improvement projects.
Fire Districts--This fund is used to account for the operations of the various volunteer fire districts
throughout the county.
Capital Project Funds
Capital project funds are used to account for the acquisition, renovation and construction of major capital
facilities.
Community Development Block Grant Fund--Federal and state grant monies used to upgrade/construct
water lines, sewer lines, and roads.
Jail Maintenance Fund--A supplemental tax levy to provide the additional monies needed to construct a
new detention facility.
Capital Project Reserve Fund--This fund is used to account for revenues that have been restricted by
County Council to expenditure for real property.
Capital Projects--Used to account for the acquisition, renovation and construction of major capital
facilities. Current projects are acquisition of recreation land, a new health sciences building for the
technical college, branch library construction, and the renovation of Cleveland Park. The general
obligation bond proceeds for these projects are recorded in this fund.
Road Grants--Federal and state grant monies used to upgrade/construct roads.
Debt Service Fund
The debt service fund is used to account for the accumulation of resources and payment of general
obligation and revenue bond principal and interest. Revenue bond reserves are maintained in this fund.
Page 71
S-76 Page 1 of 3
Spartanburg County, South Carolina
Combining Balance Sheet
Nonmajor Governmental Funds
June 30, 2008
Special Revenu
Road E 911
Maintenance Storm Water Drug Sheriff Transportation Palmetto Phone Recreation
Fee Management Enforcement Federal Service Bureau Landfill System District
ASSETS
Cash $ - $ - $ - $ - $ - $ - $ - $ -
Petty cash - - - - - - - -
Delinquent taxes receivable (net) - 26,758 - - - - - 117,731
Accounts receivable (net) - - 1,172 - - - 110 30,455
Other receivables - - 253 - 1,993,907 136,616 233,757 -
Due from other funds 2,928,484 1,502,089 28,268 324,304 - - 595,640 1,791,574
Prepaid items - - - - - - - -
Total Assets $ 2,928,484 $ 1,528,847 $ 29,693 $ 324,304 $ 1,993,907 $ 136,616 $ 829,507 $ 1,939,760
LIABILITIES
Accounts payable $ 7,043 $ 27,489 $ 4,847 $ - $ 166,837 $ 55 $ 40,233 $ 92,596
Due to other funds - - - - 1,827,383 137,355 - -
Accrued payroll taxes & deductions - - - - - - - -
Other liabilities and unearned revenue - 26,758 - - (2) - - 297,722
Total Liabilities 7,043 54,247 4,847 - 1,994,218 137,410 40,233 390,318
FUND BALANCES
Reserved for:
Inventory & prepaid items - - - - - - - -
Encumbrances 288,156 4 1,172 4,560 - - 24,449 74,092
Debt service - - - - - - - -
Unreserved:
Designated for future expenditures - - - 319,743 - - 764,825 97,306
Next year's budget 275,548 - - - - - - -
Undesignated 2,357,738 1,474,596 23,672 1 (311) (794) - 1,378,042
Total fund balances 2,921,442 1,474,600 24,844 324,304 (311) (794) 789,274 1,549,440
Total liabilities and fund balances $ 2,928,485 $ 1,528,847 $ 29,691 $ 324,304 $ 1,993,907 $ 136,616 $ 829,507 $ 1,939,758
Page 72
S-76 Page 2 of 3
Spartanburg County, South Carolina
Combining Balance Sheet
Nonmajor Governmental Funds
June 30, 2008
ue Funds
Workforce
Investment Technical Chas Lea CD Block
Board College Center Gambling SADAC Library Hospitality Tax Fire Districts Grant
ASSETS
Cash $ - $ - $ - $ - $ - $ 4,204,317 $ - $ - $ 83,183
Petty cash - - - - 1,300 - - - -
Delinquent taxes receivable (net) - 184,195 50,310 - - 416,618 - 169,185 -
Accounts receivable (net) - - - - - - - - -
Other receivables 2,225,167 - - - 457,202 - 568,657 - 250,397
Due from other funds - 1,083,882 475,669 - 1,082,605 205,825 1,270,770 83,280 -
Prepaid items - - - - 240,000 - - - -
Total Assets $ 2,225,167 $ 1,268,077 $ 525,979 $ - $ 1,781,107 $ 4,826,760 $ 1,839,427 $ 252,465 $ 333,580
LIABILITIES
Accounts payable $ 684,395 $ - $ - $ - $ 25,907 $ 181,780 $ 206 $ - $ 49,524
Due to other funds 1,540,773 - - 773 - - - - 191,741
Accrued payroll taxes & deductions - - - - - 92,943 - - -
Other liabilities and unearned revenue - 184,196 50,310 - 8,949 455,898 - 169,185 32,651
Total Liabilities 2,225,168 184,196 50,310 773 34,856 730,621 206 169,185 273,916
FUND BALANCES
Reserved for:
Inventory & prepaid items - - - - 240,000 - - - -
Encumbrances - - - - - - - - 10,110
Debt service - - - - - - - - -
Unreserved:
Designated for future expenditures (3) - - - - 1,977,223 - 83,280 -
Next year's budget - - - - 402,986 - - - 49,553
Undesignated - 1,083,882 475,669 (773) 1,103,267 2,118,916 1,839,222 - -
Total fund balances (3) 1,083,882 475,669 (773) 1,746,253 4,096,139 1,839,222 83,280 59,663
Total liabilities and fund balances $ 2,225,165 $ 1,268,078 $ 525,979 $ - $ 1,781,109 $ 4,826,760 $ 1,839,428 $ 252,465 $ 333,579
Page 73
S-76 Page 3 of 3
Spartanburg County, South Carolina
Combining Balance Sheet
Nonmajor Governmental Funds
June 30, 2008
Capital Project Funds
Total
Nonmajor
Jail Cap Proj Capital Debt Governmental
Maintenance Reserve Projects Road Grants Service Funds
ASSETS
Cash $ - $ - $ - $ - $ - $ 4,287,500
Petty cash - - - - - 1,300
Delinquent taxes receivable (net) - - - - 195,064 1,159,861
Accounts receivable (net) - - - - - 31,737
Other receivables - - - 1,499,010 - 7,364,966
Due from other funds - 398,026 3,986,009 - 1,014,154 16,770,579
Prepaid items - - - - - 240,000
Total Assets $ - $ 398,026 $ 3,986,009 $ 1,499,010 $ 1,209,218 $ 29,855,943
LIABILITIES
Accounts payable $ - $ - $ 85,900 $ 386,840 $ 2,598 $ 1,756,250
Due to other funds 46,487 - 1,043,971 1,112,170 - 5,900,653
Accrued payroll taxes & deductions - - - - - 92,943
Other liabilities and unearned revenue - - - - 195,064 1,420,731
Total Liabilities 46,487 - 1,129,871 1,499,010 197,662 9,170,577
FUND BALANCES
Reserved for:
Inventory & prepaid items - - - - - 240,000
Encumbrances - - 446,274 - - 848,817
Debt service - - - - 954,200 954,200
Unreserved:
Designated for future expenditures (46,486) - 2,409,865 - 57,355 5,663,108
Next year's budget - 398,026 - - - 1,126,113
Undesignated - - - - - 11,853,127
Total fund balances (46,486) 398,026 2,856,139 - 1,011,555 20,685,365
Total liabilities and fund balances $ 1 $ 398,026 $ 3,986,010 $ 1,499,010 $ 1,209,217 $ 29,855,942
Page 74
S-77 Page 1 of 3
Spartanburg County, South Carolina
Combing Statement of Revenues, Expenditures,
and Changes in Fund Balances
Nonmajor Governmental Funds
For the fiscal year ended June 30, 2008
Special Reven
Road
Maintenance Storm Water Drug Sheriff Transportation Palmetto E911 Phone Recreation
Fee Management Enforcement Federal Service Bureau Landfill System District
REVENUES
Taxes $ - $ 836,339 $ - $ - $ - $ - $ - $ 4,509,091
Permits, fines, and fees 5,955,599 - 192,365 532,726 - 553,858 1,419,177 747,160
Intergovernmental - Federal - - - - 1,968,438 - - 36,726
Intergovernmental - State - - - - 317,869 - - 75,000
Intergovernmental - Local - - - - 50,514 - - -
Interest 81,112 52,817 5,434 11,229 - - - 21,166
Miscellaneous - - 45,918 - - - 200 127,534
Total revenues 6,036,711 889,156 243,717 543,955 2,336,821 553,858 1,419,377 5,516,677
EXPENDITURES
Current:
General government - - - - - - - -
Public safety - - 260,441 334,861 - - 992,182 -
Roads 5,039,840 458,430 - - - - - -
Sanitation - - - - - 63,471 - -
Health & welfare - - - - - - - -
Community & economic development - - - - - - - -
Culture & recreation - - - - - - - 3,992,194
Buildings - - - - - - - -
Mass transportation - - - - 2,336,821 - - -
Technical college - - - - - - - -
Library - - - - - - - -
Debt service:
Principal - - - - - - - -
Interest & fees - - - - - - - -
Total expenditures 5,039,840 458,430 260,441 334,861 2,336,821 63,471 992,182 3,992,194
Excess (deficiency) of revenues over (under)
expenditures 996,871 430,726 (16,724) 209,094 - 490,387 427,195 1,524,483
OTHER FINANCING SOURCES (USES)
Transfers in - - - - - - - 345,950
Transfers out (327,289) (303,648) (5,989) - - (665,853) (313,500) (739,529)
Capital lease proceeds - - - - - - - -
Proceeds from GO bonds - - - - - - - -
Total other financing sources (uses) (327,289) (303,648) (5,989) - - (665,853) (313,500) (393,579)
Net change in fund balances 669,582 127,078 (22,713) 209,094 - (175,466) 113,695 1,130,904
Fund balances at beginning of year 2,251,860 1,347,522 47,557 115,210 (311) 174,672 675,579 418,536
Fund balances at end of year $ 2,921,442 $ 1,474,600 $ 24,844 $ 324,304 $ (311) $ (794) $ 789,274 $ 1,549,440
Page 75
S-77 Page 2 of 3
Spartanburg County, South Carolina
Combing Statement of Revenues, Expenditures,
and Changes in Fund Balances
Nonmajor Governmental Funds
For the fiscal year ended June 30, 2008
nue Funds
Workforce
Investment Technical Chas Lea
Board College Center Gambling SADAC Library Hospitality Tax Fire Districts
REVENUES
Taxes $ - $ 4,902,853 $ 1,204,764 $ - $ - $ 9,880,635 $ 1,852,059 $ 3,651,534
Permits, fines, and fees - - - - 1,705,506 404,042 14,137 -
Intergovernmental - Federal 6,912,355 - - - 1,275,726 - - -
Intergovernmental - State - - - - 508,197 734,880 - -
Intergovernmental - Local - - - - 16,000 - - -
Interest - - - 73 84,748 123,339 3,625 -
Miscellaneous - - - - 18,351 - - -
Total revenues 6,912,355 4,902,853 1,204,764 73 3,608,528 11,142,896 1,869,821 3,651,534
EXPENDITURES
Current:
General government 6,912,357 - - - - - - -
Public safety - - - 36 - - - 3,631,842
Roads - - - - - - - -
Sanitation - - - - - - - -
Health & welfare - - 1,047,208 - 3,440,742 - - -
Community & economic development - - - - - - - -
Culture & recreation - - - - - - 27,105 -
Buildings - - - - - - - -
Mass transportation - - - - - - - -
Technical college - 4,614,253 - - - - - -
Library - - - - - 9,840,562 - -
Debt service:
Principal - - - - - - - -
Interest & fees - - - - - - - -
Total expenditures 6,912,357 4,614,253 1,047,208 36 3,440,742 9,840,562 27,105 3,631,842
Excess (deficiency) of revenues over (under)
expenditures (2) 288,600 157,556 37 167,786 1,302,334 1,842,716 19,692
OTHER FINANCING SOURCES (USES)
Transfers in - - - - - - - -
Transfers out - - - - (363,288) (1,974,682) (3,494) -
Capital lease proceeds - - - - - - - -
Proceeds from GO bonds - - - - - - - -
Total other financing sources (uses) - - - - (363,288) (1,974,682) (3,494) -
Net change in fund balances (2) 288,600 157,556 37 (195,502) (672,348) 1,839,222 19,692
Fund balances at beginning of year (1) 795,282 318,113 (810) 1,941,755 4,768,487 - 63,588
Fund balances at end of year $ (3) $ 1,083,882 $ 475,669 $ (773) $ 1,746,253 $ 4,096,139 $ 1,839,222 $ 83,280
Page 76
S-77 Page 3 of 3
Spartanburg County, South Carolina
Combing Statement of Revenues, Expenditures,
and Changes in Fund Balances
Nonmajor Governmental Funds
For the fiscal year ended June 30, 2008
Capital Project Funds Total
Nonmajor
CD Block Jail Cap. Proj. Capital Road Debt Governmental
Grant Maintenance Reserve Projects Grants Service Funds
REVENUES
Taxes $ - $ - $ - $ - $ - $ 5,804,105 $ 32,641,380
Permits, fines, and fees - - - - - - 11,524,570
Intergovernmental - Federal 1,686,472 - - - - - 11,879,717
Intergovernmental - State - - - - 1,369,533 - 3,005,479
Intergovernmental - Local 22,742 - - - - - 89,256
Interest - - - - - (22,891) 360,652
Miscellaneous 12,431 - - - - 17,000 221,434
Total revenues 1,721,645 - - - 1,369,533 5,798,214 59,722,488
EXPENDITURES
Current:
General government - - - 495,351 - - 7,407,708
Public safety - 6,704 - 1,467,292 - - 6,693,358
Roads - - - 1,060,205 1,369,533 - 7,928,008
Sanitation - - - 4,204,721 - - 4,268,192
Health & welfare - - - - - - 4,487,950
Community & economic development 1,968,770 - - - - - 1,968,770
Culture & recreation - - - 27,391 - - 4,046,690
Buildings - - - 1,985,287 - - 1,985,287
Mass transportation - - - - - - 2,336,821
Technical college - - - 2,965,874 - - 7,580,127
Library - - - - - - 9,840,562
Debt service:
Principal - - - - - 5,973,964 5,973,964
Interest & fees - - - - - 1,609,885 1,609,885
Total expenditures 1,968,770 6,704 - 12,206,121 1,369,533 7,583,849 66,127,322
Excess (deficiency) of revenues over (under)
expenditures (247,125) (6,704) - (12,206,121) - (1,785,635) (6,404,834)
OTHER FINANCING SOURCES (USES)
Transfers in 239,060 - - 11,070,405 - 2,301,108 13,956,523
Transfers out - (418,250) (3,299,467) (345,950) - - (8,760,939)
Capital lease proceeds - - - 799,571 - 8,250 807,821
Proceeds from GO bonds - - - 3,197,760 - 82,240 3,280,000
Total other financing sources (uses) 239,060 (418,250) (3,299,467) 14,721,786 - 2,391,598 9,283,405
Net change in fund balances (8,065) (424,954) (3,299,467) 2,515,665 - 605,963 2,878,571
Fund balances at beginning of year 67,728 378,468 3,697,493 340,474 - 405,592 17,806,794
Fund balances at end of year $ 59,663 $ (46,486) $ 398,026 $ 2,856,139 $ - $ 1,011,555 $ 20,685,365
Page 77
Spartanburg County, South Carolina S-77-3 .
Fire District Component Units
Combining Schedule of Revenues, Expenditures and Changes in Fund Balances
For the fiscal year ended June 30, 2008
Revenues Net Due
Property Over Delinquent from
Tax (Under) Fund Balance Taxes Primary Deferred
Fire District Revenue Expenditures Expend. 06/30/07 06/30/08 Receivable Government Revenue
Campobello $ 213,022 $ 209,200 $ 3,822 $ 4,213 $ 8,035 $ 3,228 $ 8,035 $ 3,228
Cooley-Springs/Fingerville 137,449 136,007 1,442 2771 4,213 4,763 4,213 4,763
Chesnee 171,504 171,060 444 3560 4,004 10,830 4,004 10,830
Cowpens 139,062 138,001 1,061 1932 2,993 11,757 2,993 11,757
Cross Anchor 69,342 69,765 (423) 2013 1,590 3,449 1,590 3,449
Duncan 280,575 282,272 (1,697) 6130 4,433 6,303 4,433 6,303
East Greer 146,624 145,889 735 3605 4,340 5,704 4,340 5,704
Enoree 32,416 32,392 24 237 261 529 261 529
Hobbysville 55,096 54,839 257 1777 2,034 2,680 2,034 2,680
Inman Community 465,752 462,712 3,040 8475 11,515 11,765 11,515 11,765
Town of Inman 1,430 1,431 (1) 50 49 102 49 102
Landrum 95,847 95,662 185 1240 1,425 4,394 1,425 4,394
Poplar Springs 747,713 744,983 2,730 8441 11,171 46,419 11,171 46,419
Tyger River 680,082 675,196 4,886 12236 17,122 22,775 17,122 22,775
Una 236,862 234,139 2,723 3524 6,247 23,505 6,247 23,505
Woodruff 178,758 178,294 464 3384 3,848 10,982 3,848 10,982
Totals $ 3,651,534 $ 3,631,842 $ 19,692 $ 63,588 $ 83,280 $ 169,185 $ 83,280 $ 169,185
Page 78
S-78
Spartanburg County, South Carolina
Debt Service Fund
Schedule of Revenues, Expenditures, and Change in Fund Balance
Budget (GAAP basis) and Actual
For the fiscal year ended June 30, 2008
Variance
Budgeted Amounts with Final
Original Final Actual Budget
Revenues:
Taxes $ 5,310,391 $ 5,310,391 $ 5,804,105 $ 493,714
Interest - - (22,891) (22,891)
Miscellaneous 253,236 253,236 17,000 (236,236)
Total revenues 5,563,627 5,563,627 5,798,214 234,587
Expenditures:
Bonds retired 6,276,977 6,276,977 5,973,964 303,013
Interest and service charges 1,587,759 1,620,894 1,609,885 11,009
Total expenditures 7,864,736 7,897,871 7,583,849 314,022
Excess (deficiency) of revenues over
(under) expenditures (2,301,109) (2,334,244) (1,785,635) 548,609
Other financing sources (uses):
Transfers in 2,301,109 2,301,109 2,301,108 (1)
Proceeds from GO bonds - 82,240 82,240 -
Capital lease proceeds - 8,250 8,250 -
Total other financing sources (uses) 2,301,109 2,391,599 2,391,598 (1)
Net change in fund balance - 57,355 605,963 548,608
Fund balance at beginning of year 405,592 405,592 405,592 -
Fund balance at end of year $ 405,592 $ 462,947 $ 1,011,555 $ 548,608
Page 79
S-79-2
Spartanburg County, South Carolina
E911 Telephone System Fund
Schedule of Revenues, Expenditures, and Change in Fund Balance
Budget (GAAP basis) and Actual
For the fiscal year ended June 30, 2008
Variance
Budgeted Amounts with Final
Original Final Actual Budget
Revenues:
Telephone subscriber fees $ 675,000 $ 675,000 $ 720,375 $ 45,375
Wireless surcharge 818,000 818,000 698,802 (119,198)
Donations - 200 200 -
Total revenues 1,493,000 1,493,200 1,419,377 (73,823)
Expenditures:
Planning:
Personal services 49,429 53,352 43,697 9,655
Supplies 3,600 3,305 2,715 590
Contract services 16,500 9,717 9,164 553
Capital outlay - 3,248 1,346 1,902
Communications operations:
Personal services 108,444 108,444 108,569 (125)
Dues 3,230 3,230 2,813 417
Training, public education, etc. 40,200 40,593 37,220 3,373
Supplies 14,380 14,380 12,222 2,158
Contract services 180,400 180,400 124,988 55,412
Telephone/fax 444,860 444,860 407,715 37,145
Maintenance 61,850 61,850 58,366 3,484
Special projects - 200 200 -
Capital outlay 245,990 222,360 183,167 39,193
Total expenditures 1,168,883 1,145,939 992,182 153,757
Excess (deficiency) of revenues over
(under) expenditures 324,117 347,261 427,195 79,934
Other financing sources (uses):
Operating transfers out 313,500 313,500 313,500 -
Net change in fund balance 10,617 33,761 113,695 79,934
Fund balance at beginning of year 675,579 675,579 675,579 -
Fund balance at end of year $ 686,196 $ 709,340 $ 789,274 $ 79,934
Page 80
S-79-8
Spartanburg County, South Carolina
Recreation District
Schedule of Revenues, Expenditures, and Changes in Fund Balance
Budget (GAAP basis) and Actual
For the fiscal year ended June 30, 2008
Budgeted Amounts Variance with
Original Final Actual Final Budget
REVENUES:
Taxes $ 4,189,899 $ 4,189,899 $ 4,509,091 $ 319,192
Permits, fines, and fees 487,000 487,000 747,160 260,160
Intergovernmental:
Federal - - 36,726 36,726
State - 75,000 75,000 -
Local 9,000 9,000 - (9,000)
Interest - - 21,166 21,166
Miscellaneous 66,000 107,000 127,534 20,534
Total revenues 4,751,899 4,867,899 5,516,677 648,778
EXPENDITURES:
Recreation & culture:
Recreation:
Special Projects - - 369,715 (369,715)
Administration 447,081 405,191 391,888 13,303
Park Maintenance 1,308,251 1,236,112 1,053,416 182,696
Cleveland Park 636,843 636,779 590,433 46,346
County Centers 987,910 1,002,315 819,387 182,928
Athletics 297,245 317,760 313,970 3,790
DSS Summer Lunch Program - - 34,712 (34,712)
Soccer Complex 70,823 73,673 48,496 25,177
County Projects 88,764 188,873 186,547 2,326
Capital Projects 232,722 578,672 183,630 395,042
Total Recreation & Culture 4,069,639 4,439,375 3,992,194 447,181
Excess (deficiency) of revenues over
(under) expendiutres 682,260 428,524 1,524,483 1,095,959
OTHER FINANCING SOURCES (USES)
Transfers in - 345,950 345,950 -
Transfers out (682,260) (682,260) (739,529) (57,269)
Total other financing sources (uses) (682,260) (336,310) (393,579) (57,269)
Net change in fund balance - 92,214 1,130,904 1,038,690
Fund balance at beginning of year 418,536 418,536 418,536 -
Fund balance at end of year $ 418,536 $ 510,750 $ 1,549,440 $ 1,038,690
Page 81
S-79-3
Spartanburg County, South Carolina
Workforce Investment Board
Schedule of Revenues, Expenditures, and Change in Fund Balance
Budget (GAAP basis) and Actual
For the fiscal year ended June 30, 2008
Variance
Budgeted Amounts with Final
Original Final Actual Budget
Revenues:
Intergovernmental - federal 5,715,962 5,715,962 6,912,355 1,196,393
Total revenues 5,715,962 5,715,962 6,912,355 1,196,393
Expenditures:
Personal services 1,456,294 1,456,294 1,132,849 323,445
Dues 5,000 5,000 3,133 1,867
Publications 2,000 2,000 - 2,000
Training, public education, etc. 3,069,000 3,047,405 4,128,363 (1,080,958)
Office supplies, copier expense 90,470 82,760 172,485 (89,725)
Postage and printing 25,250 25,250 12,974 12,276
Contract services/rent 92,850 92,850 178,963 (86,113)
Consulting services 178,700 178,700 385,677 (206,977)
Vehicle costs 1,525 1,525 1,808 (283)
Telephone/fax 30,000 30,000 37,992 (7,992)
Indirect cost 187,733 187,733 135,983 51,750
Special projects 500,000 500,000 689,091 (189,091)
Miscellaneous - - (25,428) 25,428
Capital outlay 77,140 77,140 58,467 18,673
Total expenditures 5,715,962 5,686,657 6,912,357 (1,225,700)
Net change in fund balance - 29,305 (2) (29,307)
Fund balance at beginning of year - - - -
Fund balance at end of year $ - $ - $ - $ -
Page 82
S-79-4
Spartanburg County, South Carolina
Technical College Fund
Schedule of Revenues, Expenditures, and Change in Fund Balance
Budget (GAAP basis) and Actual
For the fiscal year ended June 30, 2008
Variance
Budgeted Amounts with Final
Original Final Actual Budget
Revenues:
Taxes $ 4,683,290 $ 4,683,290 $ 4,902,853 $ 219,563
Total revenues 4,683,290 4,683,290 4,902,853 219,563
Expenditures:
Operations appropriation 3,064,253 3,064,253 3,064,253 -
Capital outlay 1,550,000 1,550,000 1,550,000 -
Total expenditures 4,614,253 4,614,253 4,614,253 -
Excess (deficiency) of revenues over
(under) expenditures 69,037 69,037 288,600 219,563
Other financing sources (uses):
Net change in fund balance 69,037 69,037 288,600 219,563
Fund balance at beginning of year 795,282 795,282 795,282 -
Fund balance at end of year $ 864,319 $ 864,319 $ 1,083,882 $ 219,563
Page 83
S-79-5
Spartanburg County, South Carolina
Charles Lea Center
Schedule of Revenues, Expenditures, and Change in Fund Balance
Budget (GAAP basis) and Actual
For the fiscal year ended June 30, 2008
Budgeted Amounts
Variance with
Original Final Actual Final Budget
Revenues:
Taxes $ 1,080,438 $ 1,080,438 $ 1,204,764 $ 124,326
Total revenues 1,080,438 1,080,438 1,204,764 124,326
Expenditures:
Adult day programs 1,047,208 1,047,208 1,047,208 -
Total expenditures 1,047,208 1,047,208 1,047,208 -
Excess (deficiency) of revenues over
(under) expenditures 33,230 33,230 157,556 124,326
Fund balance at beginning of year 318,113 318,113 318,113 -
Fund balance at end of year $ 351,343 $ 351,343 $ 475,669 $ 124,326
Page 84
S-79-9
Spartanburg County, South Carolina
Road Maintenance Fee
Schedule of Revenues, Expenditures, and Change in Fund Balance
Budget (GAAP basis) and Actual
For the fiscal year ended June 30, 2008
Variance
Budgeted Amounts with Final
Original Final Actual Budget
Revenues:
Permits, fines, and fees $ 5,390,000 5,390,000 $ 5,955,599 565,599
Interest - - 81,112 81,112
Miscellaneous - - - -
Total revenues 5,390,000 5,390,000 6,036,711 646,711
Expenditures:
Payroll expenses 259,698 259,698 250,247 9,451
Asphalt resurfacing 2,836,000 2,836,000 2,836,000 -
Municipal projects 600,000 600,106 548,025 52,081
Road and bridge projects 1,610,500 2,250,265 1,405,568 844,697
Total expenditures 5,306,198 5,946,069 5,039,840 906,229
Excess (deficiency) of revenues over (under)
expenditures 83,802 (556,069) 996,871 1,552,940
Other financing sources (uses):
Transfers out - (288,000) (327,289) (39,289)
Total other financing sources (uses) - (288,000) (327,289) (39,289)
Net change in fund balances 83,802 (844,069) 669,582 1,513,651
Fund balances at beginning of year 2,251,860 2,251,860 2,251,860 -
Fund balances at end of year $ 2,335,662 $ 1,407,791 $ 2,921,442 $ 1,513,651
Page 85
S-79-10
Spartanburg County, South Carolina
Storm Water Fund
Schedule of Revenues, Expenditures, and Change in Fund Balance
Budget (GAAP basis) and Actual
For the fiscal year ended June 30, 2008
Variance
Budgeted Amounts with Final
Original Final Actual Budget
Revenues:
Taxes $ 767,418 $ 767,418 $ 836,339 $ 68,921
Interest - - 52,817 52,817
Miscellaneous - - - -
Total revenues 767,418 767,418 889,156 121,738
Expenditures:
Payroll expenses 183,255 183,255 192,785 (9,530)
Office expenses 21,500 18,335 2,192 16,143
Contract services 50,000 50,000 34,117 15,883
Engineering - - 10,819 (10,819)
Vehicle costs 8,500 13,416 16,256 (2,840)
Special projects 105,000 105,000 85,081 19,919
Office equipment 2,500 1,100 899 201
Computer equipment 1,500 1,500 922 578
Construction - 263,761 115,359 148,402
Total expenditures 372,255 636,367 458,430 177,937
Excess (deficiency) of revenues over (under)
expenditures 395,163 131,051 430,726 299,675
Other financing sources (uses):
Transfers out (281,766) (281,766) (303,648) (21,882)
Total other financing sources (uses) (281,766) (281,766) (303,648) (21,882)
Net change in fund balances 113,397 (150,715) 127,078 277,793
Fund balances at beginning of year 1,347,522 1,347,522 1,347,522 -
Fund balances at end of year $ 1,460,919 $ 1,196,807 $ 1,474,600 $ 277,793
Page 86
S-79-12
Spartanburg County, South Carolina
CD Block Grant
Schedule of Revenues, Expenditures, and Changes in Fund Balance
Budget (GAAP basis) and Actual
For the fiscal year ended June 30, 2008
Budgeted Amounts Variance with
Original Final Actual Final Budget
REVENUES:
Intergovernmental:
Federal 2,013,062 7,562,624 1,686,472 (5,876,152)
Local - 78,105 22,742 (55,363)
Miscellaneous - 17,597 12,431 (5,166)
Total revenues 2,013,062 7,658,326 1,721,645 (5,936,681)
EXPENDITURES:
HUD entitlement funds 1,582,563 4,440,400 1,256,465 3,183,935
CDBG general administration - 12,308 1,316 10,992
CED department costs 278,274 278,274 245,810 32,464
Supportive housing program 160,165 163,290 3,125 160,165
HOME 2000 - 17,597 12,431 5,166
CDBG HUD Home 544,422 3,154,109 449,623 2,704,486
Total Expenditures 2,565,424 8,065,978 1,968,770 6,097,208
Excess (deficiency) of revenues over
(under) expendiutres (552,362) (407,652) (247,125) 160,527
OTHER FINANCING SOURCES (USES)
Transfers in 239,060 239,060 239,060 -
Total other financing sources (uses) 239,060 239,060 239,060 -
Net change in fund balance (313,302) (168,592) (8,065) 160,527
Fund balance at beginning of year 67,728 67,728 67,728 -
Fund balance at end of year $ (245,574) $ (100,864) $ 59,663 $ 160,527
Page 87
S-79-13
Spartanburg County, South Carolina
Capital Project Reserve Fund
Schedule of Revenues, Expenditures, and Changes in Fund Balance
Budget (GAAP basis) and Actual
For the fiscal year ended June 30, 2008
Budgeted Amounts Variance with
Original Final Actual Final Budget
REVENUES:
Intergovernmental:
Total revenues - - - -
EXPENDITURES:
Total Expenditures - - - -
Excess (deficiency) of revenues over
(under) expendiutres - - - -
OTHER FINANCING SOURCES (USES)
Transfers out (3,200,750) (3,299,467) (3,299,467) -
Total other financing sources (uses) (3,200,750) (3,299,467) (3,299,467) -
Net change in fund balance (3,200,750) (3,299,467) (3,299,467) -
Fund balance at beginning of year 3,697,493 3,697,493 3,697,493 -
Fund balance at end of year $ 496,743 $ 398,026 $ 398,026 $ -
Page 88
S-79-14
Spartanburg County, South Carolina
Palmetto Landfill Fund
Schedule of Revenues, Expenditures, and Change in Fund Balance
Budget (GAAP basis) and Actual
For the fiscal year ended June 30, 2008
Variance
Budgeted Amounts with Final
Original Final Actual Budget
Revenues:
Permits, fines, and fees $ 650,000 650,000 $ 553,858 (96,142)
Miscellaneous - - - -
Total revenues 650,000 650,000 553,858 (96,142)
Expenditures:
Payroll expenses 57,396 57,396 51,870 5,526
Office supplies and expense 2,370 2,370 1,566 804
Vehicle and utility costs 6,680 6,680 9,983 (3,303)
Maintenance expenses 600 600 52 548
Total expenditures 67,046 67,046 63,471 3,575
Excess (deficiency) of revenues over (under)
expenditures 582,954 582,954 490,387 (92,567)
Other financing sources (uses):
Transfers out (500,674) (500,674) (665,853) (165,179)
Total other financing sources (uses) (500,674) (500,674) (665,853) (165,179)
Net change in fund balances 82,280 82,280 (175,466) (257,746)
Fund balances at beginning of year 174,672 174,672 174,672 -
Fund balances at end of year $ 256,952 $ 256,952 $ (794) $ (257,746)
Page 89
S-79-15
Spartanburg County, South Carolina
Jail Maintenance Fund
Schedule of Revenues, Expenditures, and Change in Fund Balance
Budget (GAAP basis) and Actual
For the fiscal year ended June 30, 2008
Variance
Budgeted Amounts with Final
Original Final Actual Budget
Revenues:
Miscellaneous - - - -
Total revenues - - - -
Expenditures:
Renovations - 6,704 6,704 -
Total expenditures - 6,704 6,704 -
Excess (deficiency) of revenues over (under)
expenditures - (6,704) (6,704) -
Other financing sources (uses):
Transfers out (418,250) (418,250) (418,250) -
Total other financing sources (uses) (418,250) (418,250) (418,250) -
Net change in fund balances (418,250) (424,954) (424,954) -
Fund balances at beginning of year 378,468 378,468 378,468 -
Fund balances at end of year $ (39,782) $ (46,486) $ (46,486) $ -
Page 90
S-79-6
Spartanburg County, South Carolina
Alcohol & Drug Abuse Commission
Schedule of Revenues, Expenditures, and Change in Fund Balance
Budget (GAAP basis) and Actual
For the fiscal year ended June 30, 2008
Budgeted Amounts Variance with
Original Final Actual Final Budget
Revenues:
From contracts and grants:
Community referral $ 309,616 $ 309,617 $ 309,617 $ -
Adolescent intensive outpatient 100,000 100,000 100,000 -
Intensive outpatient 100,000 100,000 100,000 -
Youth & adolescent services 141,145 176,145 176,145 -
Prevention 144,000 144,000 142,000 (2,000)
Prevention HIV - 65,000 65,000 -
ADSAP 300,000 300,000 220,910 (79,090)
Outpatient treatment HIV 65,000 - - -
Gambling services 500 500 - (500)
Bridge 85,370 85,370 76,233 (9,137)
OBI 18,000 18,000 14,613 (3,387)
Block grant/COL funds 207,557 215,120 215,120 -
DETOX 171,143 171,143 171,143 -
Alcohol Enforcement Team 1,000 1,000 - (1,000)
AET - 98,000 94,834 (3,166)
County minibottle funds 430,000 430,000 444,513 14,513
Drug court - Solicitor's Office 85,000 85,000 122,526 37,526
Private industry contracts 206,000 206,000 219,472 13,472
IOP Client fees/Medicaid 95,000 100,800 206,955 106,155
AIOP Client fees/Medicaid 80,000 80,000 81,187 1,187
United Way funds 53,500 29,600 29,600 -
Outpatient Client fees/Medicaid 122,000 137,000 165,582 28,582
Detox Client fees/Medicaid 174,000 176,000 162,762 (13,238)
Drug Court Client fees 40,000 49,500 31,823 (17,677)
Local revenue 83,650 83,919 56,153 (27,766)
Department of Mental Health grant 189,512 189,512 189,512 -
HIV grant 67,914 67,914 71,263 3,349
Miscellaneous 59,000 82,369 56,817 (25,552)
Interest - - 84,748 84,748
Total revenues 3,328,907 3,501,509 3,608,528 107,019
Expenditures:
Administrative 75,538 - 363,345 (363,345)
Community referral 814,501 782,474 681,520 100,954
AET - 98,000 95,680 2,320
Youth & adolescent services 212,353 211,146 190,773 20,373
Bridge grant 92,371 92,370 79,612 12,758
ASAP 497,008 509,916 454,276 55,640
Occupational 292,135 242,918 202,327 40,591
HIV 73,256 75,453 71,790 3,663
HIV prevention 64,999 65,000 49,804 15,196
Prevention 286,710 317,623 285,540 32,083
DETOX 864,217 859,245 771,271 87,974
Drug Court Grant 213,549 223,877 208,352 15,525
ADL I O P 152,661 138,500 110,018 28,482
IOP 216,001 250,078 239,722 10,356
Total expenditures 3,855,299 3,866,600 3,804,030 62,570
Excess (deficiency) of revenues over
(under) expenditures (526,392) (365,091) (195,502) 169,589
Other financing sources (uses):
Net change in fund balance (526,392) (365,091) (195,502) 169,589
Fund balance at beginning of year 1,941,755 1,941,755 1,941,755 -
Fund balance at end of year $ 1,415,363 $ 1,576,664 $ 1,746,253 $ 169,589
Page 91
S-79-7
Spartanburg County, South Carolina
Library
Schedule of Revenues, Expenditures, and Change in Fund Balance
Budget (GAAP basis) and Actual
For the fiscal year ended June 30, 2008
Variance
Budgeted Amounts with Final
Original Final Actual Budget
Revenues:
Taxes $ 9,814,903 $ 9,814,903 $ 9,880,635 $ 65,732
Permits, fines, and fees 241,500 241,500 404,042 162,542
Intergovernmental - State 694,834 694,834 734,880 40,046
Interest 33,500 33,500 123,339 89,839
Miscellaneous - - - -
Total revenues 10,784,737 10,784,737 11,142,896 358,159
Expenditures:
Operating expenses 8,481,214 8,418,618 8,235,322 183,296
Capital outlay 3,545,670 3,463,034 1,605,240 1,857,794
Debt service:
Interest & fees - - - -
Total expenditures 12,026,884 11,881,652 9,840,562 2,041,090
Excess (deficiency) of revenues over (under)
expenditures (1,242,147) (1,096,915) 1,302,334 2,399,249
Other financing sources (uses):
Transfers out (2,108,682) (2,108,682) (1,974,682) 134,000
Total other financing sources (uses) (2,108,682) (2,108,682) (1,974,682) 134,000
Net change in fund balances (3,350,829) (3,205,597) (672,348) 2,533,249
Fund balances at beginning of year 4,768,487 4,768,487 4,768,487 -
Fund balances at end of year $ 1,417,658 $ 1,562,890 $ 4,096,139 $ 2,533,249
Page 92
[BLANK PAGE]
Page 93
Fiduciary Funds
Agency Funds
Agency funds are used to account for assets held by the County for individuals, private organizations, other
governments, and other funds.
Treasurer's Office, and Delinquent Tax Office--These offices collect taxes for all taxing districts located
within the County. These monies are held in an agency capacity for the various taxing districts and are not
assets or revenues of the County.
Other County offices which collect fees, fines, child support, etc. for the State and other agencies are:
Sheriff's Office
Circuit Solicitor
Clerk of Court (court administration)
Master-in-Equity (small claims court)
Magisterial Court (includes traffic court)
Judge of Probate
Register of Deeds
The monies collected are held in an agency capacity and are not assets or revenues of the County.
Page 94
[BLANK PAGE]
Page 95
S-42
Spartanburg County, South Carolina
Statement of Fiduciary Assets and Liabilities
Agency Funds
June 30, 2008
Credit Cards,
Detention,
Circuit Clerk of Master-in- Magistrate Probate Delinquent Public Register
Sheriff Solicitor Court Equity Court Court Tax Office Treasurer Defender of Deeds Total
ASSETS
Cash and cash equivalents $ 873,074 $ 51,266 $ 2,946,189 $ 430,855 $1,199,134 $ 1,998 $ 7,304,600 $ 1,298,141 $ 355,165 $ 53,305 $ 14,513,727
Investments - - - - - - 2,900,577 59,299,080 - - 62,199,657
Delinquent taxes receivable (net) - - - - - - 9,765,700 - - - 9,765,700
Accounts receivable (net) - - - - - - 2,788,229 213,863 - - 3,002,092
Total Assets $ 873,074 $ 51,266 $ 2,946,189 $ 430,855 $1,199,134 $ 1,998 $ 22,759,106 $ 60,811,084 $ 355,165 $ 53,305 $ 89,481,176
LIABILITIES
Accounts payable $ - $ - $ - $ - $ - $ - $ - $ 5,737,598 $ - $ - $ 5,737,598
Held for other funds - - - - - - 871,641 1,379,160 - - 2,250,801
Held for other designated recipients 873,074 51,266 2,946,189 430,855 1,199,134 1,998 21,887,465 53,694,326 355,165 53,305 81,492,777
Total liabilities $ 873,074 $ 51,266 $ 2,946,189 $ 430,855 $1,199,134 $ 1,998 $ 22,759,106 $ 60,811,084 $ 355,165 $ 53,305 $ 89,481,176
Page 96
S-43
Spartanburg County, South Carolina
Statement of Changes in Fiduciary Net Assets
Agency Funds
For the Fiscal Year Ended June 30, 2008
Circuit Master-in- Magistrate Probate Delinquent Tax Credit Cards & Register of
Sheriff Solicitor Clerk of Court Equity Court Court Office Treasurer Detention Deeds Total
ASSETS
ADDITIONS
Cash and cash equivalents $ 319,061 $ 93,070 $ 28,680,769 $ 11,754,358 $ 6,838,669 $ 567,442 $ 85,501,529 $ 12,295,609,349 $ 2,391,514 $ 57,130 $ 12,431,812,891
Investments at cost 2,900,577 99,938,570 102,839,147
Delinquent taxes receivable (net) 9,765,700 9,765,700
Accounts receivable (net) 2,788,228 213,864 3,002,092
Total additions 319,061 93,070 28,680,769 11,754,358 6,838,669 567,442 100,956,034 12,395,761,783 2,391,514 57,130 12,547,419,830
DEDUCTIONS
Cash and cash equivalents $ 322,646 $ 78,054 $ 27,441,844 $ 11,722,286 $ 6,597,294 $ 574,323 $ 82,186,696 $ 12,303,196,342 $ 2,262,545 $ 53,548 12,434,435,578
Investments at cost 1,623,216 96,055,849 97,679,065
Delinquent taxes receivable (net) 10,235,193 10,235,193
Accounts receivable (net) 3,859,693 78,595 3,938,288
Total deductions 322,646 78,054 27,441,844 11,722,286 6,597,294 574,323 97,904,798 12,399,330,786 2,262,545 53,548 12,546,288,124
Change in net assets (3,585) 15,016 1,238,925 32,072 241,375 (6,881) 3,051,236 (3,569,003) 128,969 3,582 1,131,706
Net assets - beginning 876,659 36,250 1,707,264 398,783 957,759 8,879 19,707,870 64,380,087 226,196 49,723 88,349,470
Net assets - ending $ 873,074 $ 51,266 $ 2,946,189 $ 430,855 $ 1,199,134 $ 1,998 $ 22,759,106 $ 60,811,084 $ 355,165 $ 53,305 $ 89,481,176
LIABILITIES
ADDITIONS
Held for Designated Recipients $ 322,646 $ 78,054 $ 27,441,844 $ 11,722,286 $ 6,597,294 $ 574,323 $ 97,531,118 $ 12,391,996,719 $ 2,262,545 $ 53,548 $ 12,538,580,377
Accounts payable - 6,214,059 6,214,059
Held for other funds 373,680 1,120,007 1,493,687
Total additions 322,646 78,054 27,441,844 11,722,286 6,597,294 574,323 97,904,798 12,399,330,785 2,262,545 53,548 12,546,288,123
DEDUCTIONS
Held for designated recipients $ 319,061 $ 93,070 $ 28,680,769 $ 11,754,358 $ 6,838,669 $ 567,442 $ 100,084,393 $ 12,388,645,024 $ 2,391,514 $ 57,130 12,539,431,430
Accounts payable - 5,737,598 5,737,598
Held for other funds 871,641 1,379,160 2,250,801
Total deductions 319,061 93,070 28,680,769 11,754,358 6,838,669 567,442 100,956,034 12,395,761,782 2,391,514 57,130 12,547,419,829
Change in net assets (3,585) 15,016 1,238,925 32,072 241,375 (6,881) 3,051,236 (3,569,003) 128,969 3,582 1,131,706
Net assets - beginning 876,659 36,250 1,707,264 398,783 957,759 8,879 19,707,870 64,380,087 226,196 49,723 88,349,470
Net assets - ending $ 873,074 $ 51,266 $ 2,946,189 $ 430,855 $ 1,199,134 $ 1,998 $ 22,759,106 $ 60,811,084 $ 355,165 $ 53,305 $ 89,481,176
Page 97
CAPITAL ASSETS
USED IN THE OPERATION
OF GOVERNMENTAL FUNDS
Page 98
Exhibit S-90
Spartanburg County, South Carolina
Capital Assets Used in the Operation of Governmental Funds
Comparative Schedule By Source *
June 30, 2007 and 2008
2007 2008
___________ ___________
Governmental funds capital assets:
Land $ 18,199,285 $ 18,215,285
Buildings 73,189,147 73,328,188
Improvements other than buildings 8,195,243 15,845,184
Furniture and equipment 53,713,133 53,313,739
Infrastructure 258,342,462 280,245,270
Construction in progress 6,066,996 4,370,040
Total governmental funds capital assets $ 417,706,267 $ 445,317,706
Investment in governmental funds capital assets by source:
General fund $ 343,051,271 $ 319,154,358
Special revenue funds 49,748,633 81,549,183
Capital project funds 12,647,964 22,830,766
Donations 12,258,399 21,783,399
Total governmental funds capital assets $ 417,706,267 $ 445,317,706
* This schedule presents only the capital asset balances related to governmental funds.
Accordingly, the capital assets reported in the internal service fund are excluded from the
above amounts. The capital assets of the internal service fund are included as
governmental activities in the statement of net assets.
Page 99
Exhibit S-91
Spartanburg County, South Carolina
Capital Assets Used in the Operation of Governmental Funds
Schedule By Function and Activity *
June 30, 2008
Improvements Furniture
Other Than and Construction
Function Land Buildings Buildings Equipment Infrastructure in Progress Total
________________________ __________ __________ __________ __________ __________ __________ __________
General government $ 415,010 $ 331,782 $ 5,992,078 $ 6,738,870
Public safety 110,566 $ 1,520,757 173,511 21,452,824 23,257,658
Road maintenance 18,739 8,345,815 8,364,554
Sanitation 4,435,846 150,173 7,160,779 7,504,185 19,250,983
Health and welfare 145,110 1,285,978 564,830 1,995,919
Culture and recreation 5,472,795 7,225,582 892,533 2,547,035 16,137,945
Judicial 4,803,806 77,357 934,958 5,816,121
Public buildings 40,613,611 5,376,054 1,925,682 47,915,347
Federal/State property 395,923 395,923
Community & economic devlmt 325 262,643 262,968
Assets out of service 49,219 49,219
Library 2,831,828 22,513,349 1,833,167 3,338,029 $ 1,293,451 31,809,824
Mass transit 517 517
Roads $ 248,743,970 248,743,970
Bridges 31,501,300 31,501,300
Construction in progress 3,076,589 3,076,589
Total governmental funds
capital assets 18,215,285 73,328,188 15,845,184 53,313,739 280,245,270 4,370,040 445,317,706
Accumulated deprecitation 35,604,734 5,022,252 36,968,536 77,595,522
Net book value $ 18,215,285 $ 37,723,454 $ 10,822,931 $ 16,345,202 $ 280,245,270 $ 4,370,040 367,722,183
Fleet Services 96,526
S-30 total $ 367,818,709
* This schedule presents only the capital asset balances related to governmental funds.
Accordingly, the capital assets reported in the internal service fund are excluded from the
above amounts. The capital assets of the internal service fund are included as
governmental activities in the statement of net assets.
Capital Assets Used in the Operation of Governmental Funds *
Last Ten Fiscal Years
Improvements Furniture
Other Than and
Fiscal Year Land Buildings Buildings Equipment Total
________________________ __________ __________ __________ __________ __________
1999 $ 8,960,947 $ 54,597,695 $ 5,323,698 $ 32,519,564 (1) $ 101,401,904
2000 12,253,861 57,598,779 5,366,280 36,419,817 (1) 111,638,737
2001 12,277,602 58,185,610 6,640,669 36,386,431 (1) 113,490,312
2002 14,462,389 62,173,152 6,945,633 37,545,077 121,126,251
2003 14,391,984 64,533,217 7,175,264 39,447,208 125,547,673
2004 14,516,935 64,560,236 7,513,633 41,642,059 128,232,864
2005 14,736,260 72,857,704 7,977,934 45,612,313 141,184,211
2006 18,198,285 73,109,408 8,052,985 49,083,828 148,444,506
2007 18,199,285 73,189,147 8,195,243 53,713,133 153,296,808
2008 18,215,285 73,328,188 15,845,184 53,313,739 160,702,396
* This schedule presents only the capital asset balances related to governmental funds.
Accordingly, the capital assets reported in the internal service fund are excluded from the
above amounts. The capital assets of the internal service fund are included as
governmental activities in the statement of net assets.
(1) Year's prior to 2002 do not include Library assets
Page 100
Exhibit S-92
Spartanburg County, South Carolina
Capital Assets Used in the Operation of Governmental Funds
Schedule of Changes By Function and Activity *
For the Fiscal Year Ended June 30, 2008
Governmental Governmental
Funds Capital Funds Capital
Assets Transfers Assets
Function June 30, 2007 Additions Deletions In Out June 30, 2008
General government $ 7,266,268 $ 588,397 $ 1,118,687 $ 2,892 $ 6,738,870
Public safety 23,529,846 2,596,681 2,868,869 23,257,658
Road maintenance 8,241,391 470,583 347,420 8,364,554
Sanitation 12,968,672 7,230,602 948,292 19,250,983
Health and welfare 2,000,727 2,777 7,585 1,995,919
Community & economic devlmt 283,003 1,129 21,164 262,968
Culture and recreation 15,567,200 587,344 16,598 16,137,945
Judicial 872,778 205,212 62,782 2,892 1,012,316
Public buildings 52,021,817 697,335 52,719,152
Library 30,099,966 452,522 36,115 30,516,373
Mass transit 0 517 517
Federal/State property 395,923 395,923
Assets out of service 49,219 49,219
153,296,809 $ 12,833,099 $ 5,427,512 2,892 2,892 160,702,396
Construction in progress 6,066,996 6,672,653 8,369,609 4,370,040
Fleet Services
Operating capital assets 159,363,805 $ 2,892 $ 2,892 165,072,436
Infrastructure:
Roads 229,400,162 19,343,808 248,743,970
Bridges 28,942,300 2,559,000 - 31,501,300
Infrastructure capital assets 258,342,462 $ 21,902,808 $ - 280,245,270
FUNDS CAPITAL ASSETS $ 417,706,267 $ 445,317,706
* This schedule presents only the capital asset balances related to governmental funds.
Accordingly, the capital assets reported in the internal service fund are excluded from the
above amounts. The capital assets of the internal service fund are included as
governmental activities in the statement of net assets.
Page 101
STATISTICAL SECTION
Index
To GASB44 compliance data
This section presents detailed information as a context for understanding what the information
in the financial statements, note disclosures, and required supplementary information says
about Spartanburg County's overall financial health.
Ref. # Page No.
1. Financial trend information
These schedules contain trend information to help the reader
understand how the county's financial performance and well-
being have changed over time.
Net assets - 10 years S-96 105
Changes in net assets - 10 years S-97 106
Fund balances (governmental funds) - 10 years Table 2a 110
Changes in Fund balances (governmental funds) - 10 years Table 2b 112
Debt service expenditures & % of total - 10 years Table 10 121
2. Revenue capacity information
These schedules contain information to help the reader assess
the county's most significant local revenue source, the
property tax.
Major revenues - 10 years S-95 104
Revenues (governmental funds) by Source - 10 years Table 2 109
Assessed and Estimated Market Value of Property - 10 years Table 4 115
Tax rates direct & overlapping governments - 10 years Table 5 116
Largest taxpayers - 10 years Table 6 118
Tax levies & collections - 10 years Table 3 113
3. Debt capacity information
These schedules present information to help the reader
assess the affordability of the county's current levels of
outstanding debt and its ability to issue additional debt in the
future.
Outstanding debt per capita & vs. personal income - 10 years Table 9 120
Bonded debt to property value & debt per capita - 10 years Table 9 120
Direct and overlapping debt (current year) Table 11 122
Debt limit calculation & debt margin - 10 years Table 8 119
Schedule of outstanding bonds Table 16 128
Bond amortization schedule Table 17 129
4. Demographic & economic information
These schedules offer demographic and economic indicators
to help the reader understand the environment within which
the county's financial activities take place.
Population, personal income, unemployment rate - 10 years Table 12 123
Largest employers (current period & 9 years prior) Table 15 126
Property Value, Construction and Bank Deposits - 10 years Table 13 124
5. Operating information
These schedules contain service and infrastructure data to
help the reader understand how the information in the county's
financial report relates to the services the county provides and
the activities it performs.
Number of employees by function - 10 years S-94 103
Demand for service by function - 10 years S-94 103
Capital assets used - 10 years Table 18 130
General Governmental Expenditures by Function - 10 years Table 1 108
Miscellaneous Statistics Table 14 125
Operating Indicators by Function - last 10 years Table 15a 127
Sources: Unless otherwise noted, the information in these schedules is derived from the
comprehensive annual financial reports for the relevant year.
Page 102
S-94
Spartanburg County, South Carolina
Government-wide
Expenses by Function
Last Ten Fiscal Years
Fiscal General Public Roads & Health & Community & Culture &
Year Government Safety Bridges Sanitation Welfare Econ. Devl. Recreation Conservation
1999 (A)
2000 (A)
2001 (A)
2002 (A)
2003 $ 15,955,306 $ 34,401,431 $ 14,105,872 $ 5,771,699 $ 8,375,637 $ 2,150,100 $ 5,123,546 $ 31,479
2004 18,356,273 38,222,085 17,615,240 6,262,374 8,532,656 2,089,259 5,174,102 25,288
2005 18,259,845 39,433,761 9,667,752 7,485,829 8,959,315 5,444,867 4,605,794 31,029
2006 21,116,850 43,961,864 14,153,379 7,710,318 8,478,113 1,922,415 3,845,521 33,327
2007 23,193,891 45,956,602 18,305,991 7,549,187 8,084,888 2,051,160 4,103,373 34,961
2008 28,683,777 52,012,044 16,151,366 9,972,559 8,427,403 2,027,118 4,556,363 38,980
Fiscal Mass Technical Unallocated Infrastructure
Year Judicial Buildings Transportation College Library Interest Changes Total
1999 (A)
2000 (A)
2001 (A)
2002 (A)
2003 $ 9,190,367 $ 4,066,507 $ 1,325,009 $ 2,637,424 $ 10,227,359 $ 77,774 $ - $113,439,510
2004 9,850,161 3,954,223 1,959,952 2,692,346 9,878,726 622,831 - 125,235,516
2005 10,283,767 4,632,766 1,194,321 3,918,149 10,048,797 75,105 - 124,041,097
2006 10,623,536 3,542,924 1,345,192 3,742,606 10,611,242 178,074 - 131,265,361
2007 11,569,759 4,827,838 2,164,542 3,731,004 9,653,614 258,046 - 141,484,856
2008 12,958,216 6,139,135 2,336,356 7,745,343 10,135,904 202,632 - 161,387,196
(A) Data for prior years is not available.
Employees by Function
Fiscal Year
Function 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008
General government 243 245 248 252 236 254 260 262 262 269
Public Safety 556 557 572 574 563 580 582 590 590 593
Roads & bridges 73 75 76 79 72 72 76 81 81 82
Sanitation 104 105 106 114 114 113 113 113 113 119
Health & welfare 69 92 92 97 88 87 95 92 85 84
Comm & econ. Devl. 0 0 0 10 12 12 12 12 12 11
Culture & recreation 135 140 148 150 149 133 137 79 79 95
Conservation 1 1 1 1 1 0 1 1 1 1
Judicial 176 182 184 193 196 197 211 219 219 220
Buildings 22 22 22 22 21 19 18 16 16 18
Library (FTE's) 122 123 123 123 124 129 131 134 135 135
1501 1542 1572 1615 1576 1596 1636 1599 1593 1627
Page 103
S-95
Spartanburg County, South Carolina
Government-wide Revenues
Last Ten Fiscal Years
PROGRAM REVENUES
Capital Grants Total
Fiscal Charges for Operating Grants and Program Total General
Year Services and Contributions Contributions Revenues Revenues Total
1999 (A)
2000 (A)
2001 (A)
2002 (A)
2003 $ 21,201,447 $ 17,759,068 $ 932,326 $ 39,892,841 $ 79,599,868 $ 119,492,709
2004 22,806,046 22,041,388 288,298 45,135,732 81,559,765 126,695,497
2005 22,377,463 19,362,677 4,832,937 46,573,077 84,535,769 131,108,846
2006 29,680,185 17,037,269 728,660 47,446,114 87,881,509 135,327,623
2007 31,115,725 20,150,071 9,562,777 60,828,573 91,061,741 151,890,314
2008 32,727,564 24,428,396 19,886,170 77,042,130 102,016,270 179,058,400
GENERAL REVENUES
State & Local Franchise
Fiscal Property Accommodations Fees - Cable Interest
Year Taxes Tax TV & Landfill State Sources Income Miscellaneous
1999 (A)
2000 (A)
2001 (A)
2002 (A)
2003 $ 60,948,685 $ 1,518,422 $ 2,276,959 $ 11,220,182 $ 816,811 $ 2,818,809
2004 63,686,495 1,485,442 2,116,112 11,245,742 284,466 2,741,508
2005 66,165,351 1,798,643 2,089,469 11,469,549 1,282,694 1,730,063
2006 67,263,311 2,341,835 2,107,855 12,010,134 2,416,093 1,742,281
2007 69,071,525 2,942,077 2,111,788 13,192,387 3,273,716 470,248
2008 76,482,193 2,885,275 3,828,326 14,666,958 2,194,279 1,959,239
(A) Data for prior years is not available.
Page 104
S-96
Spartanburg County, South Carolina
Government-wide Net Assets
Last Ten Fiscal Years
Invested in
Capital Assets Change in Net Assets (C)
Fiscal Net of Related Total net
Year Debt Restricted Unrestricted assets Amount Prime reason for change (B)
1999 (A)
2000 (A)
2001 (A)
2002 (A)
2003 $ 487,998,428 $ 311,789 $ 6,586,538 $ 494,896,755 $ 494,896,755 Payment of bonded debt out of current year tax collections.
2004 489,092,483 - 7,264,251 496,356,734 1,459,979 Payment of bonded debt out of current year tax collections.
2005 493,545,670 - 9,878,808 503,424,478 7,067,744 Building donation and tax revenue - see MD&A (page 13)
2006 499,660,551 7,826,185 507,486,736 4,062,258 Payment of bonded debt out of current year tax collections.
2007 512,580,009 5,312,187 517,892,196 10,405,460 Roads donated to County ($9,449,550)
2008 353,221,064 (5,902,192) 347,318,872 (170,573,324) Carrying value of old roads adjusted to GASB34 standards
(A) Data for prior years is not available.
(B) For a more complete explanation please refer to the Management Discussion & Analysis for the fiscal year.
(C) See Ehiibit S-97 for a complete detail of the Change in Net Assets
Page 105
S-97
Spartanburg County, South Carolina
Government-wide Changes in Net Assets
Last 10 Fiscal Years (1)
2008 2007 2006 2005 2004 2003
Revenues:
Program revenues:
Charges for services $ 32,727,564 $ 31,115,725 $ 29,680,185 $ 22,377,463 $ 22,806,046 $ 21,201,447
Operating grants and contributions 24,428,396 20,150,071 17,037,269 19,362,677 22,041,388 17,759,068
Capital grants and contributions 19,886,170 9,562,777 728,660 4,832,937 288,298 932,326
General revenues:
Property taxes 76,482,193 69,071,525 67,263,311 66,165,351 63,686,495 60,948,685
State & local accommodations tax 2,885,275 2,942,077 2,341,835 1,798,643 1,485,442 1,518,422
Hospitality tax 1,852,059 - - - - -
Franchise fees-cable TV & landfill 1,976,267 2,111,788 2,107,855 2,089,469 2,116,112 2,276,959
Federal sources - - - - 75,533 89,728
State sources 14,666,958 13,192,387 12,010,134 11,469,549 11,245,742 11,220,182
Interest income 2,194,279 3,273,716 2,416,093 1,282,694 284,466 816,811
Lease proceeds - - - - - 401,796
Bond principal paid by component unit - - - (103,794) (98,553) (108,350)
Miscellaneous revenue 1,734,241 438,913 527,483 597,704 1,690,426 746,361
Gain on sale of capital assets 224,998 31,335 - - (281,764) 288,043
Total revenues 179,058,400 151,890,314 134,112,825 129,872,693 125,339,631 118,091,478
Expenses:
General government 28,683,777 23,193,891 21,116,850 18,259,845 18,356,273 15,955,306
Public safety 52,012,044 45,956,602 43,961,864 39,433,761 38,222,085 34,401,431
Roads & bridges 16,151,366 16,105,991 14,153,379 9,667,752 17,615,240 14,105,872
Sanitation 9,972,559 7,549,187 7,710,318 7,485,829 6,262,374 5,771,699
Health and welfare 8,427,403 8,084,888 8,478,113 8,959,315 8,532,656 8,375,637
Community & economic development 2,027,118 2,051,160 1,922,415 5,444,867 2,089,259 2,150,100
Culture and recreation 4,556,363 4,103,373 3,845,521 4,605,794 5,174,102 5,123,546
Conservation 38,980 34,961 33,327 31,029 25,288 31,479
Judicial 12,958,216 11,569,759 10,623,536 10,283,767 9,850,161 9,190,367
Buildings 6,139,135 4,827,838 3,542,924 4,632,766 3,954,223 4,066,507
Other 2,336,356 2,164,542 1,345,192 1,194,321 1,959,952 1,325,009
Technical College 7,745,343 3,731,004 3,742,606 3,918,149 2,692,346 2,637,424
Library 10,135,904 9,653,614 9,396,444 8,812,644 8,522,860 8,826,128
Unallocated Interest expense 202,632 258,046 178,074 75,105 622,831 77,774
Total expenses 161,387,196 139,284,856 130,050,563 122,804,944 123,879,650 112,038,279
Change in net assets 17,671,204 12,605,458 4,062,262 7,067,749 1,459,981 6,053,199
Prior period adjustment - infrastructure value (188,244,538) (2,200,000) - - - -
Net assets beginning of year 517,892,196 507,486,736 503,424,478 496,356,734 494,896,755 488,843,558
Net assets end of year $ 347,318,862 $ 517,892,194 $ 507,486,740 $ 503,424,483 $ 496,356,736 $ 494,896,757
(1) Data not available for years prior to 2003
Page 106
S-97-1
Spartanburg County, South Carolina
Charges for Services
by Function
Last 10 Fiscal Years
2008 2007 2006 2005 2004 2003
Program revenues
Charges for services:
General government $ 3,917,046 $ 4,093,266 $ 3,921,434 $ 3,562,902 $ 3,697,696 $ 2,988,421
Public safety 4,999,460 4,430,913 4,240,698 3,561,517 3,911,899 3,759,002
Roads & bridges 6,005,762 5,920,521 5,442,696 119,057 16,734 -
Sanitation 7,709,882 7,591,500 7,234,134 6,876,881 6,716,969 6,594,657
Health and welfare 1,653,774 1,704,239 1,548,071 1,417,995 1,298,488 1,395,786
Culture and recreation 868,614 889,141 670,705 616,856 698,152 455,342
Judicial 7,239,399 6,201,262 6,250,506 5,883,317 6,131,391 5,710,916
Library 333,627 284,883 371,941 338,938 334,717 297,323
Total charges for services $ 32,727,564 $ 31,115,725 $ 29,680,185 $ 22,377,463 $ 22,806,046 $ 21,201,447
Page 107
Table 1
Spartanburg County, South Carolina
General Government
Expenditures by Function (1)
Last Ten Fiscal Years
Fiscal General Public Health & Culture &
Year Government Safety Roads Sanitation Welfare Recreation Conservation Judicial
1999 $ 12,554,177 $ 29,140,711 $ 13,173,083 $ 5,595,113 $ 9,401,795 $ 5,692,909 $ 38,580 $ 7,470,776
2000 13,325,229 30,625,900 15,802,857 5,268,690 9,037,961 8,471,728 39,147 7,708,121
2001 13,801,144 32,331,986 14,585,966 5,425,693 9,577,597 10,885,658 39,852 8,278,414
2002 14,350,141 33,271,991 10,364,019 5,443,472 8,493,608 16,632,327 43,208 9,342,254
2003 14,995,421 33,845,577 13,553,834 6,273,759 8,355,825 6,551,907 31,479 9,129,552
2004 17,563,565 38,758,117 17,862,621 6,008,466 8,524,812 6,335,448 25,288 9,819,433
2005 18,371,469 39,683,254 9,961,848 8,305,449 8,717,117 5,484,514 31,029 10,276,613
2006 21,042,586 43,726,565 14,464,008 9,583,288 8,441,944 3,940,099 33,327 10,554,477
2007 22,957,284 48,887,529 16,148,798 8,632,205 8,077,919 3,798,831 34,961 11,265,477
2008 28,036,593 50,283,829 18,284,838 11,406,295 7,853,423 4,312,002 36,532 12,431,377
Fiscal Mass Technical Capital Debt Community &
Year Buildings Transportation College Library Outlay Service Econ. Devlpmt Total
1999 $ 1,497,651 $ 816,258 $ 1,818,825 $ 6,049,055 $ 3,047,594 $ 6,712,841 $ 660,486 $ 103,669,854
2000 2,492,494 995,195 1,875,576 7,810,045 8,341,341 7,488,203 1,073,352 120,355,839
2001 1,571,562 1,045,848 2,295,163 6,153,956 7,686,990 8,388,317 1,626,200 123,694,346
2002 1,779,795 1,062,156 2,381,071 6,788,695 1,071,258 8,157,424 2,189,836 121,371,255
2003 1,746,632 1,325,009 2,417,023 7,607,409 (A) 8,133,651 2,106,724 116,073,802
2004 1,664,754 1,957,750 2,481,890 7,031,584 (A) 8,032,257 2,051,066 128,117,051
2005 2,822,967 1,184,454 3,553,600 7,458,887 464,589 6,813,526 3,870,822 127,000,138
2006 2,675,275 1,345,192 3,553,600 8,224,628 46,020 8,740,565 1,768,295 138,139,869
2007 2,664,058 2,164,542 3,553,600 8,509,637 6,743,461 2,001,046 145,439,348
2008 5,356,957 2,336,821 7,580,127 9,840,562 7,583,849 1,968,770 167,311,975
(1) Includes General Fund, Special Revenue Funds, Debt Service Fund, and Capital Project Funds.
(A) Capital Outlay expenditures have been allocated to functions.
Page 108
Table 2
Spartanburg County, South Carolina
General Government Revenues by Source (1)
Last Ten Fiscal Years
Fiscal Permits Inter-
Year Taxes Fines & Fees governmental Interest Miscellaneous Total
1999 $ 55,435,570 $ 16,381,709 $ 26,042,234 $ 2,818,375 $ 2,188,225 $ 102,866,113
2000 57,955,689 17,449,930 29,653,529 3,280,286 3,206,062 111,545,496
2001 59,044,604 17,208,360 29,405,817 3,457,074 3,879,542 112,995,397
2002 60,503,440 17,671,970 28,131,520 1,118,335 3,866,586 111,291,851
2003 62,924,342 18,583,605 33,913,985 834,698 2,783,172 119,039,802
2004 64,642,323 19,776,713 37,005,347 292,817 3,305,550 125,022,750
2005 68,047,643 19,724,396 36,326,717 1,302,288 3,443,899 128,844,943
2006 69,217,949 26,997,092 32,779,504 2,436,068 2,982,958 134,413,571
2007 71,892,199 27,891,663 36,906,639 3,283,533 3,076,679 143,050,713
2008 80,518,630 29,073,910 43,395,861 2,211,015 4,185,132 159,384,548
(1)
Includes General Fund, Special Revenue Funds, Debt Service Fund, and Capital Project Funds.
Page 109
Spartanburg County, South Carolina Table 2a
Fund Balance of Governmental Funds
Last Ten Fiscal Years
All Special Solid Waste
Fiscal Governmental Revenue Management Capital Debt Service
Year Funds General Fund Funds Fund Project Funds Fund
1999 46,908,276 20,629,517 4,488,839 3,285,859 17,630,499 873,562
2000 52,043,139 19,311,995 4,889,779 4,344,074 22,567,880 929,411
2001 41,344,189 17,888,580 5,146,024 5,206,214 12,625,409 477,962
2002 31,231,335 14,874,350 4,971,183 6,696,611 4,097,180 592,011
2003 34,927,907 16,149,696 6,392,940 6,870,122 4,592,903 922,246
2004 37,514,309 17,030,122 7,745,503 7,576,651 4,343,769 818,264
2005 41,631,455 19,173,406 8,950,677 8,606,644 4,532,955 367,773
2006 40,097,862 18,469,547 10,530,592 7,357,502 3,668,330 71,891
2007 41,011,487 15,313,878 14,033,886 7,599,403 3,658,729 405,591
2008 37,171,892 11,553,184 16,859,819 4,926,266 2,821,068 1,011,555
General Fund Balances by Category
Reserved, Designated, and Undesignated
Designated Outstanding Reserved
for Carry over of Used to Purchase for
Fiscal Unreserved & Equipment Appropriations balance next Orders at Inventory &
Year Total Undesignated Replacement to next year year's budget year's end Prepaids
1999 20,629,517 7,428,607 3,019,351 5,960,921 3,131,390 908,563 180,685
2000 19,311,995 8,525,219 2,661,424 3,823,966 3,933,450 361,023 6,913
2001 17,888,580 6,824,980 3,078,871 2,461,957 5,159,276 356,609 6,887
2002 14,874,350 7,268,071 3,764,555 3,142,020 566,351 127,312 6,041
2003 16,149,696 9,767,581 4,523,382 1,571,693 0 276,280 10,760
2004 17,030,122 9,961,707 4,001,012 826,362 1,445,670 254,770 540,601
2005 19,173,406 12,724,472 3,445,195 514,151 1,960,580 520,719 8,289
2006 18,469,547 10,866,696 3,445,195 786,991 2,085,036 1,280,474 5,155
2007 15,313,878 8,334,393 3,857,838 542,316 2,241,694 335,267 2,370
2008 11,553,184 8,145,379 2,402,106 381,413 336,650 285,884 1,752
Explanation of Fund Balances
General Fund:
Unreserved & undesignated - these funds are available for spending (appropriation). A balance of 10% of expenditures is maintained
in this account to keep from borrowing at the beginning of the fiscal year because a large portion of the funds revenue comes from taxes
which are not received until six months after the start of the fiscal year. These funds are also necessary to maintain our AA credit rating.
Designated for equipment replacement - these funds are available for spending, however, the intention is to use these funds to replace
trucks and road repair equipment when it is prudent to do so without any impact on taxes in the year of purchase. Funds are set aside
each year for this purpose. The balance of these funds will rise as the equipment nears its scheduled replacement and fall when
the equipment is purchased.
Carry over of Appropriations to next year - funds for projects not complete as at the end of the fiscal year are carried over to the next
year so the intended project can be completed. Most unused appropriations are closed into fund balance at year end.
Used to balance next year's budget - to keep from raising taxes, a portion of the prior year's fund balance was used. The current
finance policy is not to do this but to use any extra funds for capital and infrastructure needs.
Outstanding Purchase Orders at year's end - these are legal obligations which must be paid out of existing funds.
Reserved for Inventory & Prepaids - these items have been paid for and therefore reduce the amount available to spend.
Special Revenue Funds - funds received (grants, donations, etc.) that must be spent for a specific purpose.
Solid Waste Management Fund - fees are collected by this fund to support the operation of a landfill. A fund balance is maintained to
provide funds for the replacement of landfill equipment when it is prudent to do so without any impact on fees in the year of purchase.
Capital Project Funds - the funds needed for large capital projects such as building a new main library and a new detention facility are
are recorded in these funds. When the project(s) is complete the fund balance will be zero. The large deficit balance in these funds in
1995 and 1996 are do to bond anticipation notes being issued for two projects - these notes were shown as a liability and the
project costs were shown as an expenditure (assets are not shown in governmental funds).
Debt Service Fund - all bonded debt is paid through this fund. A small fund balance was required until revenue bonds were paid.
Page 110
Table 2a1
Spartanburg County, South Carolina
Fund Balances of Government Funds
Last Ten Fiscal Years
2008 2007 2006 2005 2004 2003 2002 2001 2000 1999
General Fund
Reserved $ 287,636 $ 337,637 $ 1,285,629 $ 529,008 $ 795,371 $ 287,040 $ 133,353 $ 363,496 $ 367,936 $ 1,089,248
Unreserved 11,265,548 14,976,241 17,183,918 18,644,398 16,234,751 15,862,656 14,740,997 17,525,084 18,944,059 19,540,269
Total general fund 11,553,184 15,313,878 18,469,547 19,173,406 17,030,122 16,149,696 14,874,350 17,888,580 19,311,995 20,629,517
All other governmental funds
Reserved 2,332,058 2,577,476 1,475,669 244,513 832,368 832,351 1,487,846 846,861 808,507 1,216,544
Unreserved, reported in:
Debt service 57,355 - 60,604 367,774 511,099 411,150 - - 535,081 152,459
Special revenue funds 20,418,337 18,976,447 16,437,712 17,312,807 14,851,244 13,005,973 10,804,285 9,983,339 8,819,676 7,308,797
Capital project funds 2,810,958 4,143,686 3,654,330 4,532,955 4,289,476 4,528,737 4,064,854 12,625,409 22,567,880 17,600,959
Total all other governmental funds 25,618,708 25,697,609 21,628,315 22,458,049 20,484,187 18,778,211 16,356,985 23,455,609 32,731,144 26,278,759
Total fund balances $ 37,171,892 $ 41,011,487 $ 40,097,862 $ 41,631,455 $ 37,514,309 $ 34,927,907 $ 31,231,335 $ 41,344,189 $ 52,043,139 $ 46,908,276
Page 111
Table 2b
Spartanburg County, South Carolina
Statement of Revenues, Expenditures, and Changes in Fund Balances
Government Funds
Last Ten Fiscal Years
2008 2007 2006 2005 2004 2003 2002 2001 2000 1999
REVENUES
Taxes $ 80,518,630 $ 71,892,199 $ 69,217,949 $ 68,047,643 $ 64,642,323 $ 62,924,342 $ 60,503,440 $ 59,044,604 $ 57,955,689 $ 55,435,570
Permits, fines, and fees 29,073,910 27,891,663 26,997,092 19,724,396 19,776,713 18,583,605 17,671,970 17,208,360 17,449,930 16,381,709
Intergovernmental - Federal 15,527,654 14,012,572 12,024,735 14,379,873 12,218,423 7,991,946 6,293,227 5,734,675 6,010,164 5,452,850
Intergovernmental - State 25,852,086 21,364,882 19,246,184 20,474,742 23,457,864 23,923,610 20,594,745 22,310,662 22,831,392 19,668,858
Intergovernmental - Local 2,016,121 1,579,511 1,530,478 1,490,455 1,347,741 1,998,429 1,253,002 1,360,480 861,953 920,526
Interest 2,211,015 3,283,533 2,436,068 1,302,288 292,817 834,698 1,118,335 3,457,074 3,280,286 2,818,375
Miscellaneous 4,185,132 3,026,353 2,961,065 3,425,546 3,286,869 2,783,172 3,857,132 3,879,542 3,156,082 2,188,225
Total revenues 159,384,548 143,050,713 134,413,571 128,844,943 125,022,750 119,039,802 111,291,851 112,995,397 111,545,496 102,866,113
EXPENDITURES
Current:
General government 28,036,593 22,957,284 21,042,586 19,587,940 18,519,003 15,955,263 15,362,870 14,894,171 14,395,653 13,622,190
Public Safety 50,283,829 48,524,039 43,726,565 39,683,254 38,758,117 33,845,577 33,271,991 32,331,986 30,625,900 29,140,711
Roads 18,284,838 16,148,798 14,464,008 9,961,848 17,862,621 13,553,834 10,364,019 14,585,966 15,802,857 13,173,083
Sanitation 11,406,295 8,632,205 9,583,288 8,305,449 6,008,466 6,273,759 5,443,472 5,425,693 5,268,690 5,595,113
Health & welfare 7,853,423 8,077,919 8,441,944 8,717,117 8,524,812 8,355,825 8,493,608 9,577,597 9,037,961 9,401,795
Community & economic development 1,968,770 2,001,046 1,768,295 3,870,822 2,051,066 2,106,724 2,189,836 1,626,200 1,073,352 660,486
Culture & recreation 4,312,002 3,798,831 3,946,183 4,268,043 5,380,010 5,592,065 15,619,598 9,792,631 7,401,304 4,624,896
Conservation 36,532 34,961 33,327 31,029 25,288 31,479 43,208 39,852 39,147 38,580
Judicial 12,431,377 11,628,967 10,554,477 10,276,613 9,819,433 9,129,552 9,342,254 8,278,414 7,708,121 7,470,776
Buildings 5,356,957 2,664,058 2,675,275 2,822,967 1,664,754 1,746,632 1,779,795 1,571,562 2,492,494 1,497,651
Mass transportation 2,336,821 2,164,542 1,345,192 1,184,454 1,957,750 1,325,009 1,062,156 1,045,848 995,195 816,258
Technical college 7,580,127 3,553,600 3,553,600 3,553,600 2,481,890 2,417,023 2,381,071 2,295,163 1,875,576 1,818,825
Library 9,840,562 8,509,637 8,224,628 7,458,887 7,031,584 7,607,409 6,788,695 6,153,956 7,810,045 6,049,055
Capital outlay - - 39,936 464,589 - - 1,071,258 7,686,990 8,341,341 3,047,594
Debt service:
Principal 5,973,964 5,040,000 4,775,000 4,590,000 5,450,000 5,430,398 5,166,195 5,106,307 4,689,567 4,104,574
Interest & fees 1,609,885 1,703,461 3,965,565 2,223,526 2,582,257 2,703,253 2,991,229 3,282,010 2,798,636 2,608,267
Total expenditures 167,311,975 145,439,348 138,139,869 127,000,138 128,117,051 116,073,802 121,371,255 123,694,346 120,355,839 103,669,854
Excess (deficiency) of revenues over (under)
expenditures (7,927,427) (2,388,635) (3,726,298) 1,844,805 (3,094,301) 2,966,000 (10,079,404) (10,698,949) (8,810,343) (803,741)
Other financing sources (uses):
Transfers in 15,803,221 7,449,696 3,939,824 4,056,922 4,831,165 5,383,889 6,358,309 5,094,892 3,477,739 8,347,902
Transfers out (15,803,221) (7,449,696) (2,072,089) (3,804,873) (4,654,196) (5,383,889) (6,391,759) (5,094,892) (3,477,739) (8,347,902)
Capital lease 807,821 3,302,257 229,613 130,279 993,741 401,796 - - 800,209 -
Issuance of GO bonds 3,280,000 - 13,145,000 1,890,013 4,510,000 - - - 13,000,000 13,665,000
Advance refunding - - (13,049,638) - - - - - - -
Sale of fixed assets - - - - - 328,779 - - 145,000 851,000
Total other financing sources (uses) 4,087,821 3,302,257 2,192,710 2,272,341 5,680,710 730,575 (33,450) - 13,945,209 14,516,000
Net change in fund balances (3,839,606) 913,622 (1,533,588) 4,117,146 2,586,409 3,696,575 (10,112,854) (10,698,949) 5,134,866 13,712,259
Fund balances at beginning of year 41,011,498 40,097,865 41,631,450 37,514,309 34,927,900 31,231,332 41,344,189 52,043,138 46,908,273 33,196,017
Fund balances at end of year $ 37,171,892 $ 41,011,487 $ 40,097,862 $ 41,631,455 $ 37,514,309 $ 34,927,907 $ 31,231,335 $ 41,344,189 $ 52,043,139 $ 46,908,276
Debt service as a percentage of
noncapital expenditures 5.19% 5.20% 7.38% 6.09% 7.01% 8.02% 8.36% 8.43% 7.98% 7.85%
Page 112
Table 3
Spartanburg County, South Carolina
Property Tax Levies and Collections
Last Ten Fiscal Years
Including County, School Districts, Municipalities, and Special Purpose District Taxes
Ratio of Ratio of
Total Current Percent of Delinquent Total Total Tax Outstanding Delinquent
Fiscal Tax Tax Current Taxes Tax Tax Collections to Delinquent Taxes to
Year Levy Collections Collected Collections Collections Total Tax Levy Taxes Total Levy
1999 $185,723,406 $173,792,752 93.6% $6,475,746 $180,268,498 97.1% $16,293,498 8.8%
2000 197,239,943 182,921,453 92.7% 8,209,812 191,131,265 96.9% 18,294,908 9.3%
2001 187,245,564 172,024,003 91.9% 10,839,578 182,863,581 97.7% 23,964,473 12.8%
2002 219,960,474 201,015,657 91.4% 9,524,583 210,540,240 95.7% 27,991,472 12.7%
2003 224,237,276 205,707,854 91.7% 22,058,642 227,766,496 101.6% 25,165,546 11.2%
2004 233,068,601 214,876,013 92.2% 13,972,204 228,848,217 98.2% 27,840,053 11.9%
2005 245,013,520 228,305,694 93.2% 14,347,891 242,653,585 99.0% 27,369,923 11.2%
2006 254,549,096 235,599,441 92.6% 13,635,049 249,234,490 97.9% 29,223,681 11.5%
2007 274,102,979 252,470,404 92.1% 18,239,665 270,710,069 98.8% 23,755,536 8.7%
2008 297,460,186 273,668,498 92.0% 18,832,729 292,501,227 98.3% 23,567,592 7.9%
County taxes: School Districts, Municipalities, and Special Purpose District Taxes are not included
Ratio of
Total Current Percent of Delinquent Total Total Tax
Fiscal Tax Tax Current Taxes Tax Tax Collections to
Year Levy Collections Collected Collections Collections Total Tax Levy
1999 $37,916,056 $35,534,312 93.7% $1,396,098 $36,930,410 97.4%
2000 35,796,864 33,165,360 92.6% 1,618,963 34,784,323 97.2%
2001 38,706,317 35,578,039 91.9% 2,125,605 37,703,644 97.4%
2002 43,297,962 39,637,591 91.5% 1,714,430 41,352,021 95.5%
2003 43,124,406 39,682,562 92.0% 4,048,119 43,730,681 101.4%
2004 44,844,751 41,360,488 92.2% 2,716,841 44,077,329 98.3%
2005 47,667,120 44,427,026 93.2% 2,662,527 47,089,553 98.8%
2006 48,200,409 44,841,580 93.0% 2,576,307 47,417,887 98.4%
2007 49,672,903 45,918,928 92.4% 3,079,892 48,998,820 98.6%
2008 55,356,634 50,958,776 92.1% 3,588,114 54,546,890 98.5%
Source of data:
Spartanburg County Treasurer's Office except
Delinquent tax data which comes from the Spartanburg County Delinquent Tax Office
Page 113
Table 3a
Spartanburg County, South Carolina
Delinquent Tax Collections
Last Ten Fiscal Years
Includes County, School Districts, Municipalities, and Special Purpose District Taxes
Year of Levy
Delinquent
Fiscal Tax Prior
Year Collections 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 Years
1999 6,475,746 N/A N/A N/A
2000 8,209,812 3,713,914 4,071,838 424,061
2001 10,839,578 4,221,791 5,815,920 264,922 536,945
2002 9,524,583 3,811,847 5,932,496 (190,815) (96,346) 67,402
2003 22,058,642 6,961,943 9,393,263 2,402,340 585,754 494,190 2,221,153
2004 13,972,204 6,008,128 6,945,168 550,024 260,010 110,099 54,873 43,902
2005 14,347,891 5,431,928 7,701,604 839,470 74,353 179,636 57,380 14,286 49,234
2006 19,317,565 12,029,321 7,150,612 466,300 (549,928) 122,640 55,582 14,614 14,271 14,151
2007 18,239,665 8,929,116 8,047,912 466,659 312,249 234,575 171,178 38,932 17,463 7,365 14,216
2008 18,832,729 9,994,176 7,971,211 236,712 206,963 193,313 91,621 61,096 63,579 4,399 2,522 7,137
Source of data:
Spartanburg County Delinquent Tax Office
Page 114
Table 4
Spartanburg County, South Carolina
Assessed and Estimated Market Value of Property
Last Ten Fiscal Years
Total Direct
Real Property (1) Personal Property (2) Exemptions (2) Total Ratio of Total Tax Rate Per
Assessed Value To $1,000 of
Fiscal Assessed Estimated Market Assessed Estimated Market New Assessed Estimated Market Total Estimated Assessed
Year Value Value Value Value Manufacturing Value Value Market Value Value
1999 $361,177,620 $8,853,641,916 $421,396,407 $4,288,359,029 $67,810,475 $714,763,552 $13,142,000,945 5.44% $72.50
2000 378,628,148 9,530,497,644 437,540,032 4,442,107,838 76,311,920 739,856,260 13,972,605,482 5.30% 71.50
2001 396,318,633 10,178,673,062 425,930,300 3,643,761,000 73,481,141 748,767,792 13,822,434,062 5.42% 72.10
2002 410,546,510 10,887,687,196 420,689,357 4,508,533,175 68,560,110 762,675,757 15,396,220,371 4.95% 72.10
2003 423,483,557 11,292,212,671 418,330,213 4,609,241,665 67,486,710 774,327,060 15,901,454,336 4.87% 72.10
2004 491,746,775 11,916,917,870 406,816,501 4,636,004,209 62,092,350 836,470,926 16,552,922,079 5.05% 72.10
2005 511,336,343 13,085,368,987 399,370,003 4,783,548,268 48,866,660 861,839,686 17,868,917,255 4.82% 71.10
2006 532,000,119 13,419,306,500 388,600,739 4,815,556,491 42,416,660 878,184,198 18,234,862,991 4.82% 71.10
2007 551,516,399 15,015,247,005 382,636,948 4,795,883,062 39,978,990 894,174,357 19,811,130,067 4.51% 71.70
2008 563,517,020 15,749,409,353 386,871,001 5,108,945,097 34,115,730 916,272,291 20,858,354,450 4.39% 78.00
Assessed value ratios applied to assessed market value:
Real property 4 - 6 %
Personal property 10.5%, Fee-in-lieu 6% & 4%
Exemptions for new manufacturing property does not apply to school districts.
Data Sources:
(1) Spartanburg County Assessor's Office
(2) Spartanburg County Auditor's Office
Page 115
Table 5
Page 1 of 2
Spartanburg County, South Carolina
Property Tax Millage Rates
Direct and Overlapping Governments
Last Ten Fiscal Years
County Government Municipalities
Fiscal Debt City of
Year Operating Service Total Spartanburg Campobello Chesnee Cowpens
______ __________ __________ __________ __________ __________ ____________________
1999 68.1 4.4 72.5 97.0 75.7 76.9 92.2
2000 67.7 3.8 71.5 97.0 77.1 78.3 92.2
2001 68.3 3.8 72.1 97.0 90.0 78.3 102.2
2002 68.3 3.8 72.1 97.0 94.0 78.0 102.2
2003 68.3 3.8 72.1 97.0 94.0 98.0 102.2
2004 68.3 3.8 72.1 97.0 94.0 98.0 102.2
2005 67.5 3.6 71.1 93.3 91.7 100.0 102.2
2006 67.5 3.6 71.1 103.2 88.5 112.0 102.2
2007 67.3 4.4 71.7 103.2 108.0 132.0 107.2
2008 72.4 5.6 78.0 104.7 108.0 132.0 112.4
Municipalities
Fiscal
Year Duncan Greer Inman Landrum Lyman Pacolet Wellford Woodruff Reidville
______ __________ __________ __________ __________ __________ __________ __________ ____________________
1999 67.3 81.9 62.8 68.7 33.5 59.9 27.9 99.6 9.5
2000 67.3 81.9 63.9 69.8 37.7 59.9 28.4 101.4 15.0
2001 67.3 97.9 65.3 69.8 37.7 59.0 29.0 101.4 15.0
2002 67.3 93.9 65.3 69.8 43.8 59.0 49.0 121.4 15.0
2003 67.3 93.9 65.3 69.8 43.8 59.0 49.0 121.4 15.0
2004 67.3 93.9 65.3 69.8 43.8 59.0 49.0 121.4 15.0
2005 65.5 93.9 67.3 69.8 45.1 62.0 55.5 121.0 15.0
2006 68.3 93.9 64.1 69.8 48.3 68.0 58.1 116.0 15.0
2007 70.4 93.9 67.3 72.9 54.4 70.2 61.2 116.0 15.0
2008 73.8 93.1 67.3 72.9 56.0 73.6 61.2 116.0 15.0
Data Source: Spartanburg County Auditor's Office
Page 116
Table 5
Page 2 of 2
Spartanburg County, South Carolina
Property Tax Millage Rates *
Direct and Overlapping Governments
Last Ten Fiscal Years
School Districts
School District 1 School District 2 School District 3 School District 4
Fiscal Debt Debt Debt Debt
Year Operating Service Total Operating Service Total Operating Service Total Operating Service Total
______ __________ __________ __________ __________ __________ __________ __________ __________ __________ __________ __________ __________
1999 179.9 11.6 191.5 144.6 13.6 158.2 189.6 18.9 208.5 149.8 7.6 157.4
2000 181.9 11.6 193.5 144.6 12.4 157.0 196.4 18.9 215.3 146.5 8.1 154.6
2001 191.2 12.3 203.5 150.4 19.3 169.7 196.4 18.9 215.3 154.5 10.8 165.3
2002 201.3 13.1 214.4 157.1 19.7 176.8 208.5 13.9 222.4 171.0 10.8 181.8
2003 201.3 13.1 214.4 169.1 18.9 188.0 210.8 13.9 224.7 177.0 10.8 187.8
2004 273.4 13.1 286.5 258.8 18.9 277.7 306.9 13.9 320.8 269.7 10.8 280.5
2005 303.8 12.9 316.7 257.8 19.1 276.9 310.1 17.9 328.0 274.0 8.8 282.8
2006 311.1 13.1 324.2 258.7 19.1 277.8 310.7 17.9 328.6 275.3 8.8 284.1
2007 335.0 13.1 348.1 275.5 19.1 294.6 327.0 17.9 344.9 286.5 0.0 286.5
2008 249.9 20.8 270.7 192.7 39.2 231.9 239.4 27.5 266.9 191.1 8.0 199.1
School District 5 School District 6 School District 7 School District 9
Fiscal Debt Debt Debt Debt
Year Operating Service Total Operating Service Total Operating Service Total Operating Service Total
______ __________ __________ __________ __________ __________ __________ __________ __________ __________ __________ __________ __________
1999 144.7 7.9 152.6 119.1 22.5 141.6 197.6 13.5 211.1 95.1 39.5 134.6
2000 146.9 17.5 164.4 136.9 26.2 163.1 199.7 13.9 213.6 99.1 42.5 141.6
2001 149.8 18.4 168.2 136.9 26.2 163.1 199.7 13.9 213.6 103.1 42.5 145.6
2002 167.8 18.2 186.0 146.3 29.2 175.5 201.2 13.9 215.1 96.4 42.5 138.9
2003 165.9 20.5 186.4 149.5 29.8 179.3 201.3 13.9 215.2 97.6 42.5 140.1
2004 253.3 20.5 273.8 254.7 29.8 284.5 306.5 13.9 320.4 169.7 42.5 212.2
2005 256.1 15.9 272.0 249.8 28.8 278.6 309.1 13.8 322.9 176.4 42.5 218.9
2006 255.0 18.0 273.0 254.3 28.8 283.1 309.1 13.8 322.9 176.5 42.5 219.0
2007 292.1 17.4 309.5 265.6 28.4 294.0 308.9 13.8 322.7 185.6 42.5 228.1
2008 208.6 19.2 227.8 164.2 32.9 197.1 208.2 21.3 229.5 108.2 42.5 150.7
* Since fiscal year 1996, the State of South Carolina has reimbursed the school districts for the taxes levied for school operations on residential property applying to assessed
value of up to $100,000. These rebates are shown as a credit against the above levies on the property owner's tax notice. School district funds are handled in an agency
capacity by the County.
Data Source: Spartanburg County Auditor's Office
Page 117
Table 6
Spartanburg County, South Carolina
Principal Taxpayers
June 30, 2008 and 1998
June 30, 2008 June 30, 1998
(1) Percentage of (1) Percentage of
Assessed Taxes Total Assessed Assessed Taxes Total Assessed
Taxpayer Type of Business Valuation Paid Valuation Valuation Paid Valuation
_____________________ _________________________ ___________ __________ ___________ ___________ __________ ___________
Duke Power Electric utility $24,833,860 $8,190,453 2.6% $ 21,066,220 $ 6,386,625 3.2%
BMW Automobile manufacturing 21,539,147 6,335,978 2.3% 22,189,712 4,839,576 3.3%
BellSouth Telephone utility 9,757,860 3,133,673 1.0% 10,245,550 3,233,317 1.5%
R. R. Donnelley Commercial printer 8,598,644 3,173,759 0.9% 5,500,955 1,608,209 0.8%
Michelin North America Tire mfg./research & 6,890,653 2,170,771 0.7% 8,033,772 1,981,415 1.2%
development
Invista S A R L Company Mfg. fibers, synthetic & 5,623,426 2,091,352 0.6% 13,218,202 3,533,030 2.0%
(Arteva Specialties) plastic materials
Textile and chemical mfg. of high-
performance fabrics & chemicals
Milliken & Company 3,663,269 1,214,685
for aerospace, automotive, &
launderers 0.4%
Sew Eurodrive, Inc. Factory automation equipment 3,248,128 1,090,710 0.3%
Cryovac (WR Grace) Mfg. plastic products 3,127,387 1,048,161 0.3% 3,629,090 824,936 0.5%
Mercedes Benz Automobile manufacturing 3,271,060 1,073,640 0.3%
Yoemans Charles Mall 3,553,530 978,287 0.4%
Spartan Mills Mfg. woven fabric
TNS Mills Mfg. woven fabric 6,542,380 1,615,351 1.0%
Inman Mills Mfg. woven fabric 4,962,620 1,069,859 0.7%
Piedmont Natural Gas Gas utility 2,431,540 785,739 0.3% 3,333,110 1,081,201 0.5%
$96,538,504 $31,287,208 10.2% $98,721,611 $26,173,519 14.8%
(1) All tax districts
Data Source: Spartanburg County Auditor's Office
Page 118
Table 8
June 30, 2008
Assessed valuation:
Latest assessed valuation less manufacturing exemptions $ 931,589,001
Legal debt limit - 8% of assessed valuation $ 74,527,120
Amount of debt applicable to debt limit:
General obligation bonds outstanding June 30, 2008 $ 32,085,000
Less: Voter approved bonds 2,088,152
Amount of debt applicable to debt limit 29,996,848
*Legal debt margin $ 44,530,272
*Article X Section 14 of the South Carolina Constitution sets no limit on general obligation debt if
it is authorized by a majority vote of the qualified electors of the County voting in a referendum
authorized by law. However, without a referendum, the County is authorized to incur general
obligation debt for any of its purposes in an amount not exceeding eight percent of the assessed
value of all taxable property.
Ten Year Data
Net Debt Outstanding Net Legal Debt
Subject to Legal Debt Debt/Debt Margin/Debt
Fiscal Year Debt Limit Limit Margin Ceiling Ceiling
1999 57,181,084 40,190,000 16,991,084 70.3% 29.7%
2000 59,188,501 50,410,630 8,777,871 85.2% 14.8%
2001 61,084,247 47,173,075 13,911,172 77.2% 22.8%
2002 61,014,061 43,420,430 17,593,631 71.2% 28.8%
2003 61,946,165 39,427,722 22,518,443 63.6% 36.4%
2004 66,917,674 39,832,951 27,084,723 59.5% 40.5%
2005 68,947,175 38,006,046 30,941,129 55.1% 44.9%
2006 71,484,901 34,974,871 36,510,030 48.9% 51.1%
2007 72,759,285 30,896,562 41,862,724 42.5% 57.5%
2008 74,527,120 29,996,848 44,530,272 40.2% 59.8%
Page 119
Table 9
Spartanburg County, South Carolina
Ratios of Outstanding Debt by Type
Last Ten Fiscal Years
Primary Government
(1) Ratio of Ratio of
Per (2) General Debt to Debt to
Fiscal (1) Capita Assessed Obligation Capital Revenue Total Assessed Debt per Personal
Year Population Income Value Bonds Leases Bonds Debt Value Capita Income
1999 249,231 21,968 $714,763,552 $49,885,000 $241,860 $3,035,000 $53,161,860 7.44% 213 0.97%
2000 251,886 23,045 739,856,260 59,400,000 526,502 2,310,000 62,236,502 8.41% 247 1.07%
2001 254,415 24,329 748,767,792 55,430,000 76,195 1,660,000 57,166,195 7.63% 225 0.92%
2002 256,766 24,576 762,675,757 50,915,000 - 1,085,000 52,000,000 6.82% 203 0.82%
2003 259,117 25,184 774,327,060 46,125,000 - 510,000 46,635,000 6.02% 180 0.71%
2004 260,972 25,278 836,470,926 46,585,000 718,590 - 47,303,590 5.66% 181 0.72%
2005 262,872 26,057 861,839,686 42,995,000 525,371 - 43,520,371 5.05% 166 0.64%
2006 265,669 27,179 878,184,198 39,045,000 330,600 - 39,375,600 4.48% 148 0.55%
2007 269,902 28,261 894,174,357 34,005,000 3,404,319 - 37,409,319 4.18% 139 0.49%
2008 275,534 29,396 916,272,291 32,085,000 3,309,225 - 35,394,225 3.86% 128 0.44%
(1) U.S. Census Bureau of Economic Analysis www.bea.gov (CA1-3) & www.census.gov
(2) From Table 4.
Page 120
Table 10
Spartanburg County, South Carolina
Ratio of Annual Debt Service Expenditures
to Total General Governmental Expenditures (2)
Last Ten Fiscal Years
(1) Total Ratio of
Gross Hospital Net General Debt Service to
Fiscal Debt Debt Debt Governmental General Governmental
Year Service Service Service Expenditures Expenditures
1999 $ 6,712,841 $ 366,963 $ 6,345,878 $ 103,669,854 6.1%
2000 7,488,203 0 7,488,203 120,355,839 6.2%
2001 8,388,317 0 8,388,317 123,694,346 6.8%
2002 8,157,424 0 8,157,424 121,371,255 6.7%
2003 8,133,651 0 8,133,651 116,073,802 7.0%
2004 8,032,257 0 8,032,257 128,117,051 6.3%
2005 6,813,526 0 6,813,526 127,000,138 5.4%
2006 8,740,565 0 8,740,565 138,139,869 6.3%
2007 6,743,461 0 6,743,461 145,439,348 4.6%
2008 7,583,849 0 7,583,849 167,311,975 4.5%
(1) The County Hospital is a separate reporting unit.
This column reflects all payments made by the County for Hospital debt
which is included in the Gross Debt Service amounts.
(2) Includes General, Special Revenue, Debt Service, Capital Project,
and Expendable Trust Funds
Page 121
Table 11
Spartanburg County, South Carolina
Computation of Direct and Overlapping Bonded Debt
General Obligation Bonds
June 30, 2008
Ratio of
Net General G. O. Bonded
Obligation Debt to
Bonded Debt Assessed Assessed
Jurisdiction Outstanding Value Value
_________________________________ ____________ ___________ _____________
Direct:
Spartanburg County $32,085,000 $950,388,021 3.38%
Overlapping subdivisions (100%):
Municipalities:
Spartanburg 820,000 125,015,781 0.66%
Greer 5,133,500 17,437,119 29.44%
School Districts:
District 1 72,950,000 77,305,403 94.37%
District 2 5,635,000 143,527,263 3.93%
District 3 0 53,254,320 0.00%
District 4 2,000,000 40,042,232 4.99%
District 5 13,525,000 160,929,325 8.40%
District 6 8,300,000 217,853,142 3.81%
District 7 51,034,000 178,024,695 28.67%
Special Purpose Districts:
Arkwright Fire 475,000 4,838,903 9.82%
Boiling Springs Fire 186,703 49,803,624 0.37%
Camp Croft Fire 440,086 28,318,336 1.55%
Gowansville Fire 0 3,143,115 0.00%
Hilltop Fire 585,000 13,056,163 4.48%
Pelham-Batesville Fire 850,000 11,535,087 7.37%
Roebuck Fire 600,000 26,666,732 2.25%
Spartanburg Metro sub District B 481,985 6,391,569 7.54%
Westview-Fairforest Fire 1,838,966 76,966,796 2.39%
SJWD Water 3,920,000 135,676,108 2.89%
Spartanburg Sanitary Sewer 29,085,000 526,425,964 5.52%
Woodruff-Roebuck Water 2,362,686 60,271,210 3.92%
___________
Total overlapping debt 200,222,926
___________
Total direct and overlapping debt $232,307,926
Page 122
Table 12
Spartanburg County, South Carolina
Demographic Statistics
Last Ten Years
(1) Personal Income (1) (3) (4) (5)
July 1 Per Median School Unemployment
Year Population Total Capita Age Enrollment Rate
______ __________ _____________ _______ _______ __________ ____________
1998 249,231 5,475,097,000 21,968 36.0 44,000 3.2%
1999 251,886 5,804,801,000 23,045 36.5 44,000 3.9%
2000 254,415 6,189,645,000 24,329 36.1 44,000 3.5%
2001 256,766 6,310,404,000 24,576 36.1 44,000 5.4%
2002 259,117 6,525,690,000 25,184 36.1 44,000 6.7%
2003 260,972 6,596,759,000 25,278 36.1 44,000 7.2%
2004 262,872 6,849,762,000 26,057 36.1 44,000 7.5%
2005 265,669 7,220,641,000 27,179 37.2 44,000 7.4%
2006 269,902 7,627,703,000 28,261 37.3 41,701 6.7%
2007 275,534 8,099,614,000 29,396 N/A 43,754 6.0%
Data Sources:
(1) U.S. Census Bureau of Economic Analysis www.bea.gov (CA1-3) & www.census.gov
(2) Latest estimate by the County Planning Department.
(3) U.S. Census Bureau via South Carolina https://ask.census.gov
Division of Research & Statistical Services
(4) South Carolina Department of Education - 135-DAY PUPIL ACCOUNTING REPORT
http://ed.sc.gov/agency/offices/finance/student_data/FY07MEMD.txt
(5) South Carolina Employment Security Commission
Page 123
Table 13
Spartanburg County, South Carolina
Property Value, Construction, Bank Deposits, and Retail Sales
Last Ten Years
(2) (2)
(1) Commercial (3) Residential
Real Property Construction Industrial Investment Construction (4)
Estimated Market Value (A) Number of New New Number of Bank (5)
Year Commercial Residential Total Units Value Jobs Investment Units Value Deposits Retail Sales
1998 $3,732,600,810 $5,121,041,102 $8,853,641,912 512 $ 46,074,115 3,034 $ 883,711,600 2,962 $ 26,672,594 $1,537,883,000 $5,440,245,468
1999 3,888,022,633 5,642,475,011 9,530,497,644 495 90,805,020 1,984 572,898,085 1,664 140,805,826 1,601,000,000 5,180,457,000
2000 4,138,374,398 6,040,298,664 10,178,673,062 738 156,097,629 2,893 528,789,300 1,446 126,206,194 2,317,000,000 5,290,018,938
2001 4,411,296,711 6,476,390,485 10,887,687,196 399 34,288,322 1,368 204,193,700 1,383 122,472,776 2,344,000,000 5,213,028,315
2002 4,571,663,651 6,720,549,020 11,292,212,671 434 40,883,142 1,498 886,109,700 1,514 140,096,502 2,419,000,000 5,682,889,479
2003 4,918,848,444 6,998,069,426 11,916,917,870 580 36,930,527 77 80,000,000 1,762 168,968,560 2,508,000,000 6,291,249,683
2004 5,484,389,671 7,600,979,316 13,085,368,987 708 154,267,976 435 118,800,000 1,845 181,555,894 2,735,000,000 6,829,257,998
2005 5,288,595,000 8,130,711,500 13,419,306,500 946 142,776,578 690 160,480,000 2,064 203,501,000 2,824,000,000 7,665,092,198
2006 6,284,295,521 8,730,951,484 15,015,247,005 512 25,534,776 1,624 37,800,000 2,041 208,801,764 3,059,000,000 7,757,365,245
2007 6,922,563,010 8,826,846,343 15,749,409,353 509 105,388,886 2,680 1,120,980,000 1,581 186,973,234 3,449,000,000 7,524,675,303
(A) Value of property based on SCDORT Sales/Appraisal
Ratio Study for each year (time adjusted). Values
do NOT include manufacturing, utility, transportation
companies, exempt property, or construction in
progress.
Data Sources:
(1) Spartanburg County Assessor
(2) Spartanburg County Building Permits
(3) South Carolina Department of Commerce - (www.sccommerce.com/capinv.html)
(4) Federal Deposit Insurance Corporation www2.fdic.gov/sod/sodSumReport.asp (b) 6/30/2007 data
(5) South Carolina Department of Revenue
Page 124
Table 14
Spartanburg County, South Carolina
Miscellaneous Statistics
Founded 1785
Date of Incorporation (South Carolina "Home Rule Act") 1976
Form of Government Council-Administrator
Number of employees (excluding police, fire, and detention) 955
Area in square miles 814
Spartanburg County facilities and services
Miles of streets and roads 1,794
Culture and Recreation:
Community recreation centers 5
Parks 27
Park acreage 834
Tennis courts 25
Libraries 11
Fire Protection:
Number of stations 62
Number of personnel and officers (paid/volunteers) 3/1052
Number of calls answered (annually) 13,000
Number of inspections conducted 1,728
Police Protection (County Sheriff):
Number of stations 2
Number of personnel and officers 321
Number of patrol units 313
Number of law violations:
Physical arrests 5,197
Traffic violations 12,384
Detention Facility:
Number of personnel and officers 180
Average inmate population 919
Facilities and services not included in the reporting entity
Sewerage Systems:
Miles of sanitary sewers 884
Number of treatment plants 31
Number of service connections 29,420
Daily average treatment in gallons 11,965,000
Maximum daily capacity of treatment plants in gallons 42,325,000
Water Systems:
Miles of water mains 1,910
Number of service connections 86,915
Number of fire hydrants 5,430
Daily average consumption in gallons 79,505,000
Maximum daily capacity of plants in gallons 84,714,800
Education:
Number of elementary, junior high and high schools 68
Enrollment 43,754
Spartanburg Technical College -- enrollment 4,459
University of South Carolina - Upstate:
Enrollment 4,916
Full-time faculty 192
Wofford College -- enrollment 1,363
Converse College -- enrollment 1,881
Spartanburg Methodist College -- enrollment 797
S. C. School for Deaf and Blind (serves State) -- enrollment 402
Sherman College of Straight Chiropractic -- enrollment 289
Hospitals:
Number of hospitals 2
Number of patient beds 922
Transportation:
Airports -- 5 major airlines 2
Railroads (CSX and Norfolk Southern) 2
Page 125
Table 15
Spartanburg County, South Carolina
Major Employers and Changes
(Industrial and Office)
Employees and % of workforce
Company Name Business / Product 2008 % 1998 %
Spartanburg County Schools Public school system 5,185 3.9% 4,559 3.5%
Spartanburg Regional Medical Center Hospital 4,607 3.4% 3,849 2.9%
BMW Manufacturing Corporation Automotive manufacturer 5,400 4.0% 1,877 1.4%
State of South Carolina State government 2,387 1.8% 2413 1.8%
Spartanburg County County government, courts, law enforcement 1,379 1.0% 1,160 0.9%
Cryovac Mfg. of plastic packaging material 1,152 0.9% 970 0.7%
Mary Black Memorial Hospital Private hospital 1,006 0.8% 1,150 0.9%
Michelin Tire Company Radial truck tire manufacturer 952 0.7% 1,400 1.1%
Kohler Company Manufacturer of china plumbing fixtures 909 0.7% 832 0.6%
Reeves Brothers Offset printing blankets 672 0.5% N/A
Tietex Corporation Mfg. of non-woven material 625 0.5% N/A
Spartanburg Steel Fabricate structural metal products 601 0.4% N/A
BMG Entertainment Distributor of records, CD's, & tapes 600 0.4% 816 0.6%
R.R. Donnelley Catalog printing & binding 580 0.4% N/A 0.0%
Advantica Restaurant Group Food preparation 439 0.3% 1,757 1.3%
Milliken & Company Research & development on yarns, chemicals N/A 1,500 1.1%
Tiejin (KOSA) Plastic & synthetic fiber manufacturer N/A 1,280 1.0%
Bi-Lo Retail grocery N/A 899 0.7%
Springs Industries Dyeing & finishing textiles 0 1,824 1.4%
MEMC Electronics Material, Inc. Mfg. silicon polished wafers 0 820 0.6%
Inman Mills Man made woven fabric 0 818 0.6%
Data Sources:
Spartanburg County Economic Development Corporation & individual employers
(N/A*) Data unavailable
Spartanburg County, South Carolina
Total Employment and Unemployment Rates
Last Ten Years
(1) Unemployment
Year Employment Rate
1998 126,937 3.2%
1999 127,408 3.9%
2000 125,219 3.5%
2001 120,929 5.4%
2002 119,589 6.7%
2003 120,738 7.2%
2004 121,873 7.5%
2005 122,518 7.4%
2006 126,326 6.7%
2007 126,531 6.0%
(1) U.S. Census Bureau of Economic Analysis
www.bea.gov/bea/regional/reis/
Page 126
Table 15a
Spartanburg County, South Carolina
Operating Indicators by Function
Last 10 Fiscal Years
Fiscal Year
Function 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999
General government
Finance
Number of vendor checks 31,796 28,027 27,205 27,114 25,405 21,471 18,625 19,868 18,092 n/a
Number of vouchers 36,272 32,273 31,718 31,688 28,467 28,156 26,971 29,347 26,995 25,727
Number of payroll checks 37,427 36,816 36,593 36,699 37,408 37,966 37,507 n/a n/a n/a
Building codes
Permits issued 6,833 7,326 7,625 6,115 6,756 7,605 7,600 7,724 8,969 n/a
Value of permits issued $533,281,999 $353,516,620 $366,194,416 $320,816,065 $393,876,940 $318,544,575 $348,973,541 $230,034,641 $288,979,315 n/a
Public safety
Detention
Inmate population 915 832 761 703 724 637 622 613 610 646
Meals served 1,216,495 1,019,288 938,238 862,278 884,805 n/a n/a n/a n/a n/a
Communications dispatching
Number of calls 278,890 277,635 277,691 271,475 267,631 264,360 249,020 246,025 247,597
Sheriff
Number of calls (1) 176,797 175,687 170,052 171,481 167,888 140,949 139,118 143,716 100,993 106,724
Warrants/papers served 26,668 30,940 30,825 29,207 25,515 25,950 25,364 26,775 n/a n/a
Roads
Street signs installed/replaced 2,173 3,317 3,580 2,876 3,358 2,913 3,135 3,950 3,151 2,285
Miles bush hogged 6,628 6,224 6,375 11,305 11,293 9,106 11,898 13,015 13,509 11,175
Miles of road asphalted 47 54 60 25 33 64 63 115 112 140
Health & welfare
Emergency medical services
Number of calls 35,897 38,033 30,791 29,138 27,122 26,688 25,340 23,663 22,862 21,724
Sanitation
Property Maintenance
Vehicles Tagged 430 675
Vehicles Towed 33 83 New
Structures Condemned 444 478 activities
Structures Demolished 95 7 started in
Request for Service/complaints 10,329 5,624 fiscal year
Tickets Issued 77 48 2007
Fines $35,590 $22,320
Animal control
Emergency calls 1,522 883 653 500 416 313 305 n/a n/a n/a
Tickets issued 1,156 1,045 914 896 1,057 204 369 n/a n/a n/a
Fines $209,176 $202,213 $154,301 $165,467 $193,419 n/a n/a n/a n/a n/a
Requests for service 17,512 15,024 14,088 15,202 16,017 16,737 15,111 n/a n/a n/a
Animals impounded 14,976 15,385 15,272 14,113 15,217 15,737 14,722 n/a n/a n/a
Litter control
Tickets issued 1,189 861 854 309 499 794 652 n/a n/a n/a
Fines $278,386 $218,005 $203,073 $83,878 $128,045 $149,791 $63,428 n/a n/a n/a
Complaints 2,708 2,339 2,717 2,389 2,782 2,882 n/a n/a n/a n/a
Landfill
Recycled - TONS 7,080 7,308 7,363 7,360 7,773 8,764 7,910 8,340 8,268 6,194
Yard debris - TONS 9,404 18,078 27,319 20,235 20,152 20,943 17,167 13,727 15,362 n/a
Construction waste - TONS 53,854 49,719 50,548 46,668 37,269 40,840 44,487 44,565 60,826 n/a
Municipal solid waste - TONS 108,055 110,419 93,603 112,000 112,034 105,086 103,192 88,724 102,950 n/a
Library
Books Loaned 1,511,253 1,465,958 1,405,417 1,431,596 1,443,452 1,488,626 1,407,141 1,309,768 1,311,936 1,039,348
Public Internet Use 395,058 311,243 231,281 190,551 161,209 121,567 65,075 56,865 43,367 n/a
Sources: Various Spartanburg County departments n/a = data not available (1) Sheriff calls before 2001 are E911 dispatches only
Page 127
Table 16
Spartanburg County, South Carolina
Schedule of Bonds Outstanding
General Obligation Bonds Payable
For the Fiscal Year Ended June 30, 2008
Original
Issue Date of Date of Interest Outstanding Outstanding
Description of Issue Amount Issue Maturity Rate June 30, 2007 Issued Retired June 30, 2008
GENERAL OBLIGATION BONDS
GO bonds series 1996 $ 10,000,000 6-30-96 8-1-97/2009 5.25% $ 2,905,000 $ - $ 920,000 $ 1,985,000
GO bonds series 1997 7,745,000 4-1-97 4-1-98/2009 4.737% 355,000 175,000 180,000
GO refunding bonds series 1998A 6,200,000 4-1-98 10-1-98/2010 4.1%-6.0% 2,090,000 490,000 1,600,000
GO bonds series 1998 Auditorium 6,000,000 8-1-98 10-1-98/2018 4.7936% 485,000 230,000 255,000
GO bonds series 1999 7,665,000 6-1-99 10-1-99/2019 4.958% 5,820,000 320,000 5,500,000
GO bonds series 2000 13,000,000 4-1-00 4-1-01/2020 5.3519% 1,695,000 525,000 1,170,000
GO bonds series 2003 14,540,000 7-1-03 4-1-04/2018 2.89% 6,885,000 2,055,000 4,830,000
GO bonds series 2004 1,890,000 7-30-04 4-1-04/2009 2.64% 785,000 385,000 400,000
GO refunding bonds series 13,145,000 10-12-05 4-1-06/2020 3.99% 12,985,000 - 100,000 12,885,000
USC Upstate land 3,280,000 11-20-07 4-1-08/2028 4.02% 3,280,000 3,280,000
Total General Obligation Bonds $ 83,465,000 $ 34,005,000 $ 3,280,000 $ 5,200,000 $ 32,085,000
Page 128
TABLE 17
Spartanburg County, South Carolina
Bond Amortization Schedule
June 30, 2008
Bonded Debt
$8,000,000
Debt service payments
$7,000,000
$6,000,000
INTEREST
$5,000,000
$4,000,000 PRINCIPAL
$3,000,000
$2,000,000
$1,000,000
$-
2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028
Fiscal Year
BONDED INDEBTEDNESS
MATURITIES BY FISCAL YEAR
F/Y ENDING PRINCIPAL INTEREST TOTAL
June 30, 2009 $ 5,535,000 $ 1,270,986 $ 6,805,986
June 30, 2010 3,270,000 1,060,090 4,330,090
June 30, 2011 2,360,000 935,595 3,295,595
June 30, 2012 1,895,000 853,026 2,748,026
June 30, 2013 1,985,000 777,160 2,762,160
June 30, 2014 2,080,000 695,543 2,775,543
June 30, 2015 2,185,000 606,355 2,791,355
June 30, 2016 2,295,000 511,888 2,806,888
June 30, 2017 2,375,000 419,356 2,794,356
June 30, 2018 2,470,000 322,294 2,792,294
June 30, 2019 2,200,000 220,231 2,420,231
June 30, 2020 1,785,000 128,619 1,913,619
June 30, 2021 175,000 66,450 241,450
June 30, 2022 185,000 59,450 244,450
June 30, 2023 190,000 52,050 242,050
June 30, 2024 200,000 44,450 244,450
June 30, 2025 210,000 36,450 246,450
June 30, 2026 220,000 27,945 247,945
June 30, 2027 230,000 19,035 249,035
June 30, 2028 240,000 9,720 249,720
TOTALS $32,085,000 $8,116,693 $40,201,693
Page 129
Table 18
Spartanburg County, South Carolina
Capital Assets Used in the Operation of Governmental Funds
Last 10 Fiscal Years *
Improvements Furniture
Other Than and
Fiscal Year Land Buildings Buildings Equipment Total
___________ __________ __________ __________ __________ __________
1999 $ 8,960,947 $ 54,597,695 $ 5,323,698 $ 32,519,564 $ 101,401,904 (1)
2000 12,253,861 57,598,779 5,366,280 36,419,817 111,638,737 (1)
2001 12,277,602 58,185,610 6,640,669 36,386,431 113,490,312 (1)
2002 14,462,389 62,173,152 6,945,633 37,545,077 121,126,251
2003 14,391,984 64,533,217 7,175,264 39,447,208 125,547,673
2004 14,516,935 64,560,236 7,513,633 41,642,059 128,232,864
2005 14,736,260 72,857,704 7,977,934 45,612,313 141,184,211
2006 18,198,285 73,109,408 8,052,985 49,083,828 148,444,506
2007 18,199,285 73,189,147 8,195,243 53,713,133 153,296,808
2008 18,215,285 73,328,188 15,845,184 53,313,739 160,702,396
* This schedule presents only the capital asset balances related to governmental funds.
Accordingly, the capital assets reported in the internal service fund are excluded from the
above amounts. The capital assets of the internal service fund are included as
governmental activities in the statement of net assets.
(1) Does not include Library
Page 130
[BLANK PAGE]
Page 131
Spartanburg County, South Carolina
COUNCIL DISTRICTS AND MAJOR ROADS
Page 132