HomeMy WebLinkAboutCity of Atlanta - Public Financial Report2021
Popular Annual Financial Report
FOR YEAR ENDED JUNE 30, 2021
City Of Atlanta, GA
Keisha Lance Bottoms, Mayor
CONTENTS
ABOUT THE CITY
The Department of Finance ..................3
Atlanta Quick Facts ...............................4
Atlanta by the Numbers ........................5
Statistics ................................................6
Atlanta City Government .......................8
CITY FINANCES
Revenues..............................................11
Revenues and Expenses ....................12
Net Position .........................................13
General Fund........................................14
Enterprise Funds ................................15
Debt ......................................................16
Assets ..................................................17
CITY PRIORITIES &
ACCOMPLISHMENTS ................19
GLOSSARY OF TERMS .............20
CITY OF ATLANTA DEPARTMENT OF FINANCE | 2021 PAFR
2021 POPULAR ANNUALFINANCIAL REPORT
The City of Atlanta’s Finance Department is proud to present this Popular Annual Financial Report (PAFR). This is a short-form
report that provides summarized information about the City’s financial activities. It is intended to give readers an overview of the City and its finances. It is derived from Generally Accepted Accounting Principles, or GAAP, but does not provide all the de-
tailed information required by accounting standards. It does not include information on all of the City’s Funds or Component
Units.
Detailed financial information, including the audited financial statements, is available in the City’s Annual Comprehensive Financial Report commonly called the ACFR. The ACFR provides full disclosure of all material events in the notes to the
financial statements, as well as required supplementary information and historical statistical information.
The ACFR and PAFR are available online at: www.atlantaga.gov/Government/Departments/Finance/Controller.
p. 1
Photos (cover page, right to left, counterclockwise)Photos (cover page, right to left, counterclockwise);; Atlanta Skyline, photographer, Cameron Venti; Center for Civil and Human Rights, unknown photographer; Ferris Wheel, photographer, Kyle Sudu; Atlanta Aquarium,
photographer, Matt Helbig; Resident Playing Piano at Midtown Marta Station, photo courtesy of Midtown Alliance; Band Playing in Street, unknown photographer; Residents sitting on Peachtree Street, photo courtesy of Atlanta Downtown Photo Library; Residents Sitting Outside on Peachtree Street, photo courtesy of Atlanta Downtown Photo Library; Mercedes Benz Stadium Aerial View, photographer, Nathan Gonthier; Krog Street
Tunnel, photographer, Michael Denning; Fox Theatre, photographer, Logan Easterling. Photo: Photo: Atlanta Aquarium, photographer, Nadine Marfurt
ABOUT THE CITY
p. 2
CITY OF ATLANTA DEPARTMENT OF FINANCE | 2021 PAFR
OUR MISSION:
EXCELLENCE IN MUNICIPAL FINANCIAL LEADERSHIP PERSONIFIED
THE DEPARTMENT OF FINANCE
p. 3
The Department of Finance serves as
a strategic business partner to provide excellent service to internal and external customers, deliver a clear and concise
picture of the City’s current and future
financial position, and promote actions to
achieve the City’s priorities.
OUTSTANDING ACHIEVEMENT
IN PAFR REPORTING
The Government Finance Officers Asso-ciation of the United States and Canada
(GFOA) presented the Award for Out-
standing Achievement in Popular Annual
Financial Reporting (PAFR) to
the City of Atlanta for its Popular
Annual Financial Report for the fiscal year ended June 30, 2020. The Award for Outstanding Achievement in
Popular Annual Financial Reporting is a
prestigious national award recognizing
conformance with the highest national standards for preparation of state and local government popular reports.
The Annual Comprehensive Financial
Report (ACFR), one of the supporting
documents for this report, also represents award-winning work, having earned the GFOA’s Certificate of
Achievement for Excellence in Financial
Reporting for 36 consecutive years.
ABOUT THE CITY
CITY OF ATLANTA DEPARTMENT OF FINANCE | 2021 PAFR
ATLANTA QUICK FACTS
p. 4
DEC. 1847 133.15 0.8
FOUNDED
RACE, ETHNICITY, & GENDER RACE, ETHNICITY, & GENDER66
GEOGRAPHY
52%48%
Female Male
51%41%4%4%
Black &
African American
White Hispanic &
Latino
Asian & Other
37506,811 $54,472
DEMOGRAPHICS
EDUCATIONEDUCATION
90.9%51.8%
Residents graduated
High School7
Residents have
Bachelor’s Degrees7
57 250K
Number of Colleges
& Universities8
Annual College and
University Enrollment8
Atlanta is the 9th Largest Metro Area
in the Country With a Population
of 6.0M
SOURCES:
1U.S. Census Bureau, 2010
2Wikipedia.org/wiki/atlanta.
3U.S. Census Bureau, QuickFacts Annual Estimates of the Resident Population:
April 1, 2010 to July 1, 2019; as of September 30, 2021.
4http://censusreporter.org/profiles/16000US1304000-atlanta-ga/
Photos (page 2, left to right);Photos (page 2, left to right); Ponce de Leon Ave at
night, photographer, Cory Gazaille; Concourse Corporate
Center Building IV, photographer, Richard Solano;
Atlanta United Flag, photographers, Sylvia McAfee and
Joshua Spruiel, photo courtesy of Mayor’s Office of
Communications; Rainbow Crosswalk, photographers,
Sylvia McAfee and Joshua Spruiel, photo courtesy of
Mayor’s Office of Communications; Residents sitting on
Peachtree Street, photo courtesy of Atlanta Downtown
Photo Library; Krog Street Tunnel, unknown photogra-
pher; John Pemberton Statue, photographer, Herman
Luyken; City of Atlanta Mural, unknown photographer;
Mayor Keisha Lance Bottoms at Atlanta United Parade,
photographers, Sylvia McAfee and Joshua Spruiel, photo
courtesy of Mayor’s Office of Communications.
5U.S. Department of Commerce, Bureau of Economic Analysis - data reported
annually, available through 2020 for Atlanta MSA as of September 30, 2021.
6Data via US Census (2020 ACS 1-Year Survey): Table S0101.
7U.S. Census Bureau, QuickFacts as of 2021
8Atlanta Regional Council for Higher Education
Square Miles
Land1
Number of
Residents3
Median Age4 Per Capita
Personal Income5
Square Miles
Water2
ABOUT THE CITY
p. 5
CITY OF ATLANTA DEPARTMENT OF FINANCE | 2021 PAFR
ATLANTA BY THE NUMBERS
Photo (page 3):Photo (page 3): Ponce City Market,
photographer, Emma Valerio
Photos (page 4, left to right, clockwise):Photos (page 4, left to right, clockwise):
Resident laughing, unknown photographer;
Residents sitting outside, photo courtesy of
Atlanta Downtown Photo Library; Atlanta United
Championship Parade, photographers, Sylvia
McAfee and Joshua Spruiel, photo courtesy of
Mayor’s Office of Communications.
Photos (right to left, clockwise): Photos (right to left, clockwise): City of Atlanta
Police Officer and crowd; City of Atlanta Public
Works employees performing road repair, photog-
raphers, Sylvia McAfee and Joshua Spruiel, photo
courtesy of Mayor’s Office of Communications. Sources: Various City Departments.
2018 2019 2020 2021
POLICE
Stations
Zones
Patrol Units
11
6
365
11
6
420
12
6
403
13
6
377
FIRE Stations 36 36 36 36
PUBLIC
WORKS Collection Trucks 87 93 95 95
PARKS AND
RECREATION
Acreage
Playgrounds
Baseball/Softball Diamonds
Soccer/Football Fields
Community Centers
4,970 135 76 21 43
4,798 134 54 16 32
4,847 135 70 16 32
4,847 137 76 16 32
WATER
Water Mains (miles) Storage Capacity (in millions of gallons)
2,828
247
2,861
247
2,869
247
2,886
247
WASTEWATER
Sanitary Sewers
(miles)
Treatment Capacity (in millions of gallons)
1,865
188
1,839
188
1,840
188
1,833
188
AVIATION
Number of Runways
Passenger Traffic(millions)
5
105.2M
5
109.1M
5
79.7M
5
49.7M
ABOUT THE CITY
POPULATION/GROWTH RATES
Atlanta City population continues to steadily
increase and remains the 9th largest met-
ropolitan area in the country, growing by
approximately 1.73% between 2018 and
2019. The Atlanta area has gained a repu-
tation as an ever-changing international city
with much more urban revitalization and
growth in central metro counties. Drawn by
job opportunities, a reasonable cost of living,
and warm weather, hundreds of thousands
of people moved to metro Atlanta in the last
five years, increasing the region’s population
to 6.0M, according to U.S. Census estimates.
0.0
0.5
1.0
1.5
2.0
2.5
3.0
CITY OF ATLANTA DEPARTMENT OF FINANCE | 2021 PAFR
STATISTICS
p. 6
UNEMPLOYMENT RATES
The City of Atlanta unemployment rate
has seen a decrease from 8.5% in 2020
to 4.5% in 2021.
SourceSource: U.S. Department of Labor, Bureau of Labor
Statistics; City of Atlanta data for fiscal year 2021 is
July 2020 through June 2021. This figure is inclusive of
Atlanta-Sandy Springs-Marietta.
SourceSource: U.S. Census Bureau, QuickFacts Annual Estimates of
the Resident Population: April 1, 2010 to July 1, 2019 as of
September 29, 2021.
SourceSource: Georgia Department of Labor, Industry Mix Analysis.
EMPLOYMENT BY INDUSTRY
This table shows the estimate local employment
percentages for the City as of 2020.
0
2
4
6
8
10
12
2021202020192018
Year Ended June 30, 2021
UNITED STATES
ATLANTA
INDUSTRY % OF TOTAL EMPLOYMENT
Trade, Transportation & Utilities 21.4%
Professional & Business Services 20.9%
Educational Health Services 12.9%
Government 11.9%
Leisure & Hospitality 11.2%
Manufacturing 6.3%
Other 15.4%
TOTALTOTAL 100%100%
ABOUT THE CITY
*2016 *2017 *2018 *2019
1.86%
2.91%
2.36%
1.73%
*There were no updates for the 2020 population at the
time of the preparation of this report.
Photos (left to right, clockwise): Photos (left to right, clockwise): Delta Air
Lines Plane, photo courtesy of Trac Vu; World
of Coca Cola, photo courtesy of Coca Cola;
Photos (page 8 left to right, clockwise): Photos (page 8 left to right, clockwise): Mayor Keisha Lance Bottoms, photo courtesy of Mayor’s
Office of Communications; Atlanta City Council; City Hall Building, photographers, Sylvia McAfee
and Joshua Spruiel, photo courtesy of Mayor’s
Office of Communications.
p. 7
CITY OF ATLANTA DEPARTMENT OF FINANCE | 2021 PAFR
STATISTICS
Source: City of Atlanta, 2021 Annual Comprehensive Financial Report: Total employment data from City of Atlanta, Office of Revenue, Business License division
EMPLOYER TYPE OF BUSINESS EMPLOYEES % OF TOTAL
EMPLOYMENT
Accenture LLP Consulting 2,419 1.34%
Allen Enterprises Inc Transportation 2,020 1.12%
Allied Universal Security Services Security Services 2,046 1.13%
Cortland Development LLC Management/Admin Service 6,995 3.87%
Courtland Management LLC Management/Admin Service 2,270 1.25%
Deloitte Consulting LLP Consultant/Mgmt,Counselor,Bus 1,610 0.89%
Delta Air Lines, Inc.Transportation 5,718 3.16%
E Cee Excursions LLC Consultant/Mgmt,Counselor,Bus 4,200 2.32%
The Coca-Cola Co One Coca Cola Marketing and Manufacturing 3,369 1.86%
Wrapa Loc Products Inc Health and Personal Care 2,020 1.12%
TOTAL 32,667 18.06%
TOP 10 EMPLOYERS ------- 2020
ABOUT THE CITY
CITY OF ATLANTA DEPARTMENT OF FINANCE | 2021 PAFR
ATLANTA CITY GOVERNMENT
p. 8
THE CITY COUNCIL The City’s policy-making and legislative authority are vested in a governing council (City Council) consisting of fifteen members and an elected City Council President who serves as presiding officer. The City Council’s pri-mary responsibilities are adopting ordinances, adopting the budget, and setting policy for the City. Working hand in hand with Atlanta’s Mayor and the members of the executive branch, the Council plays a key role in the budget process and financial well-being of Atlanta.
BUDGET PROCESS
Annual budgets are adopted for the General Fund, Special Revenue Funds, and Debt Service Funds, with the level of legal budgetary control established at the office level by City Council. The City is required to adopt a balanced bud-get each year and maintain budgetary controls to ensure compliance with legal provisions of the annual appro-priated budget approved by the Mayor and City Council. The amounts of anticipated revenues and appropriated expenditures for the annual budget are controlled by the City Charter and various ordinances adopted by the City Council. Appropriations for capital projects are approved by the City Council, principally on an individual basis, when the project is initially approved.
CONSTITUTION
The fifteen-member City Council is elected on a non-par-tisan basis. Twelve of the Council Members are elected by district. The Mayor, the remaining Council Members and the Council President are elected at large. Council Mem-bers serve four-year terms, as does the Mayor. The Mayor is limited to two consecutive terms. There are no term limits for Council Members or the Council President.
ATLANTA CITY COUNCIL MISSION:
TO ENSURE THAT ATLANTA IS LED BY A GROUNDBREAKING,
STRONG, AND CAPABLE GROUP OF LEADERS THAT WORK
FOR THE GOOD OF ALL CITIZENS ACROSS THE CITY.
THE ATLANTA CITY COUNCIL PRIDES ITSELF ON BEING RESPONSIVE TO ITS
CITIZENS. IF YOU HAVE A COMMENT OR CONCERN AND WOULD LIKE TO SPEAK
TO A COUNCIL MEMBER, PLEASE CALL (404) 330-6030.
MAYORKEISHA LANCE BOTTOMS
ABOUT THE CITY
COURT OPERATIONS
PUBLIC DEFENDER
SOLICITOR
p. 9
CITY OF ATLANTA DEPARTMENT OF FINANCE | 2021 PAFR
ORGANIZATIONAL STRUCTURE
JUDICIAL AGENCIES
BOARDS & AUTHORITIES
MAYOR CITY COUNCIL
CHIEF
OPERATING
OFFICER
CHIEF
FINANICAL
OFFICER
CHIEF OF
STAFF
CITY ATTORNEY
Atlanta Housing Authority
MARTA
Atlanta Beltline
Invest Atlanta
WorkSource Atlanta
City Auditor’s Office
Office of Inspector General
Atlanta Citizens Review Board
Corrections and Community Services
Aviation Finance Law
Customer Services
Enterprise Asset Management
Fire and Rescue Services
Human Resources
Atlanta Information Management
Parks and Recreation
Police Services
Procurement
Public Works
Atlanta Department of Transportation
Watershed Management
Grants and Community Development
City Planning
Photos (left to right): Photos (left to right): Mayor Keisha Lance Bottoms and Mayor-elect Andre
Dickens, unknown photographer; Relay Bikes, photographers, Sylvia McAfee and Joshua Spruiel, photo courtesy of Mayor’s Office of Communications.
ABOUT THE CITY
CITY FINANCES
p. 10
The city’s average daily
consumption of
water in 2021 was 94.1M gallons
CITY OF ATLANTAREVENUES
p. 11
CITY OF ATLANTA DEPARTMENT OF FINANCE | 2021 PAFR
Photos (page 10, left to right, top to bottom):Photos (page 10, left to right, top to bottom): Atlanta Street at Night,
unknown photographer; Rainbow Tunnel at Hartsfield Jackson Airport, photographers, Sylvia McAfee and Joshua Spruiel, photo courtesy of May-
or’s Office of Communications; Residents outside, unknown photographer; Falcon Statue, unknown photographer; Atlanta skyline, unknown photogra-
pher; Marta train, unknown photographer; Ebenezer Baptist Church, photo
courtesy of Explore Georgia; Piedmont Park, photographers, Sylvia McAfee and Joshua Spruiel, photo courtesy of Mayor’s Office of Communications;
Coca-Cola Art, unknown photographer.
APPROXIMATELY
$2.5B
IN REVENUE
Government 2021
Gross Assessed
Property value of $35B
25%
WATERSHED
25%
AVIATION
46%
GENERAL
3%
SOLID WASTE
1%
OTHER
More than 49.7M
passengers traveled
through Hartsfield-Jackson
Atlanta International
Airport in 2021
CITY FINANCES
$2.5B
DO
W
N
CITY OF ATLANTA DEPARTMENT OF FINANCE | 2021 PAFR
REVENUES AND EXPENSES
p. 12
The City’s financial activities in
total are made up of two broad
classifications: governmental and
business-type activities. Additionally,
there are two main sources of
Revenue for the City: Program
Revenues and General Revenues.
Program Revenues include charges
for services and General Revenues
include property and sales taxes.
$2.2B
FY2021 City
Expenses
FY2021 City
RevenueUP
UP $150.5M OR
7.4% FROM FY2020
DOWN $151M OR
5.8% FROM FY2020
GOVERNMENTAL
ACTIVITIES
BUSINESS-TYPE
ACTIVITIES TOTAL 2021 TOTAL 2020 TOTAL 2019
REVENUES
Program Revenues $ 287,551 $ 1,035,612 $ 1,323,163 $ 1,512,832 $ 1,688,244
General Revenues 856,921 289,134 1,146,055 1,107,416 1,182,579
TOTAL REVENUES 1,144,472 1,324,746 2,469,218 2,620,248 2,870,823
EXPENSES
General Government 409,827 - 409,827 259,946 344,274
Public Safety 342,154 - 342,154 305,951 306,881
Water and Wastewater System - 465,471 465,471 465,908 483,199
Department of Aviation - 713,012 713,012 716,194 688,909
Sanitation - 62,374 62,374 64,601 56,108
Other 198,747 1,596 200,343 230,126 277,614
TOTAL EXPENSES 950,728 1,242,453 2,193,181 2,042,726 2,156,985
Increase in Net Position
Before Transfers 193,744 82,293 276,037 577,522 713,838
Transfers In (Out) 32,979 (32,979)---
Increase (Decrease) in Net Position 226,723 49,314 276,037 577,522 713,838
Net Position, Beginning of Period* (621,950) 8,497,929 7,875,979 7,298,673 6,584,835
NET POSITION END OF PERIOD $ (395,227) $ 8,547,243 $ 8,152,016 $ 7,876,195 $ 7,298,673
STATEMENT OF CHANGES IN NET POSITION as of June 30, 2021 (in thousands)
CITY FINANCES*As restated, for additional information see the City’s ACFR Note I.G.
The Statement of Net Position presents information on all of the City’s assets and liabilities, deferred outflows, and deferred inflows with the difference between the above reported as Net Position. Net Position is the difference between what the City owns and what the City owes. Positive net position balances indicate a measure of financial stability.
THE CITY’S NET POSITION INCREASED:
The City’s financial activities also include component units which are legally separate organizations for which the City is financially accountable. Financial information for these component units is reported separately from the financial information presented for the primary government.
$7.9B
$8.2B
NET POSITION
p. 13
CITY OF ATLANTA DEPARTMENT OF FINANCE | 2021 PAFR
Photo (page 12): Photo (page 12): Youth with water bottles, photographers, Sylvia McAfee and Joshua Spruiel, photo courtesy of Mayor’s Office of Communications.
Photo: Photo: Aerial view of Atlanta, photographer, Nate Hovee
FROM
TO
FY2020
FY2021
GOVERNMENTAL
ACTIVITIES
BUSINESS-TYPE
ACTIVITIES TOTAL 2021 TOTAL 2020 TOTAL 2019
Current Assets $ 1,388,108 $ 3,593,485 $ 4,981,593 $ 5,156,951 $ 5,006,302
Capital Assets, Net of Depreciation 1,213,766 12,501,671 13,715,437 13,537,548 13,068,816
Deferred Outflows of Resources 282,591 399,686 682,277 585,191 605,223
TOTAL ASSETS AND DEFERRED OUTFLOWS 2,884,465 16,494,842 19,379,307 19,279,690 18,680,341
Current Liabilities 357,157 1,093,545 1,450,702 1,388,025 1,626,872
Non-Current Liabilities 2,593,044 6,696,395 9,289,439 9,458,904 9,049,275
Deferred Inflows of Resources 329,491 157,659 487,150 556,566 705,521
TOTAL LIABILITIES AND DEFERRED INFLOWS 3,279,692 7,947,599 11,227,291 11,403,495 11,381,668
Net Investment in Capital Asset 337,961 6,605,281 6,943,242 6,710,341 6,018,346
Restricted Net Position 982,164 948,329 1,930,493 1,976,633 1,962,552
Unrestricted Net Position (1,715,352) 993,633 (721,719) (810,779) (682,225)
TOTAL NET POSITION $ (395,227) $ 8,547,243 $ 8,152,016 $ 7,876,195 $ 7,298,673
STATEMENT OF POSITION as of June 30, 2021 (in thousands)
CITY FINANCES
0
50
100
150
200
0
50
10
15
200
CITY OF ATLANTA DEPARTMENT OF FINANCE | 2021 PAFR
GENERAL FUND
p. 14
The General Fund is used to account for all activities of the City not otherwise accounted for by a specified fund. Comprised mostly of general
tax revenues, it is the largest of the City’s funds and provides basic city services such as Police, Fire & Rescue, and Parks & Recreation Services.
WHERE THE MONEY COMES FROM
GENERAL FUND - FUND BALANCE
WHERE THE MONEY GOES
PROPERTY TAXES
37%
POLICE 36%
FIRE16%
DEBT SERVICE 1% PARKS, RECREATION & CULTURAL AFFAIRS7%
PUBLIC WORKS6%
GENERAL GOVERNMENT33%
CORRECTIONS1%
OTHER 12%
FINES, FORFEITURES, & PENALTIES 2%
LICENSES & PERMITS13%
PUBLIC UTILITY, ALCOHOL & OTHER TAXES17%
LOCAL OPTION SALES TAXES19%
$30M Restricted Fund Balance
$157M Unrestricted Fund Balance
$635M $613MTOTAL REVENUETOTAL REVENUE TOTAL EXPENSESTOTAL EXPENSES
Photos (top to bottom): Photos (top to bottom): Census Block
Party, photographers, Sylvia McAfee and
Joshua Spruiel, photo courtesy of Mayor’s
Office of Communications; Stone Mountain,
unknown photographer; Ponce City Market,
photographer, Thom Milkovic.
194194 186186 187187179179
FU
N
D
B
A
L
A
N
C
E
I
N
M
I
L
L
I
O
N
S
YEAR ENDING JUNE 30, 2021
The $1M increase in fund balance is primarily due to growth in revenues related to property
taxes, local option sales taxes,
and federal funding received from the American Rescue Plan Act (ARP) due to the COVID-19 public health emergency offset
by personnel expenses.
CITY FINANCES
FY21FY20FY19FY18
ENTERPRISEFUNDS
p. 15
CITY OF ATLANTA DEPARTMENT OF FINANCE | 2021 PAFR
Photos (left to right, clockwise): Photos (left to right, clockwise): Wheat Towers, photogra-
phers, Sylvia McAfee and Joshua Spruiel, photo courtesy
of Mayor’s Office of Communications; Aerial View of Me-
chanicsville, photographers, Sylvia McAfee and Joshua
Spruiel, photo courtesy of Mayor’s Office of Communi-cations; Residents on Stairs, photographers, Sylvia
McAfee and Joshua Spruiel, photo courtesy of
Mayor’s Office of Communications;
View of Atlanta, unknown photographer.
DEPARTMENT OF WATERSHED MANAGEMENT - NET POSITION
DEPARTMENT OF AVIATION - NET POSITION
NE
T
P
O
S
I
T
I
O
N
I
N
M
I
L
L
I
O
N
S
NE
T
P
O
S
I
T
I
O
N
I
N
M
I
L
L
I
O
N
S
YEAR ENDING JUNE 30, 2021
YEAR ENDING JUNE 30, 2021
18% Restricted for Capital
Projects and Debt Service
71% Net Investments in
Capital Assets
11% Unrestricted
83% Net Investments
in Capital Assets
17% in Unrestricted
CITY FINANCES
0
500
1000
1500
2000
2500
3000
3500
4000
FY21FY20FY19FY18
2,9202,920 3,2063,206 3,4283,428 3,5603,560
0
1000
2000
3000
4000
5000
6000
FY21FY20FY19FY18
4,8874,887 5,1205,120 5,1985,198 5,1045,104
p. 16
CITY OF ATLANTA DEPARTMENT OF FINANCE | 2021 PAFR
DEBT
The City’s long-term
FY2021 debt activities:
Long-Term Debt reflected a
net decrease of 5.0% or
$378.6M
General & limited
obligation debt decreased
$26.3M
Department of Aviation
debt, excluding capital
leases, decreased
$193.0M
Department of Watershed
Management debt, including
GEFA notes payable, decreased
$73.9M
Government-wide capital
lease obligations increased
$15.5M
CITY FINANCES
Long-Term Debt
(in thousands)
GOVERNMENTAL ACTIVITIES AS OF 30-JUNE-2021
BUSINESS-TYPE ACTIVITIES AS OF 30-JUNE-2021
TOTAL AS OF 30-JUNE-2021 TOTAL AS OF 30-JUNE-2020
General obligation and annual bonds $ 247,650 $ -$ 247,650 $ 273,900
Premium on bonds 21,157 -21,157 23,922
Certificate of participation 59,160 -59,160 63,380
Deferred issuance premiums 6 , 0 5 8 -6,058 7,056
APSJFA revenue bonds 17,555 -17,555 20,070
Deferred issuance premiums 1,551 -1,551 2,090
SWMA revenue refunding bonds 2,050 -2,050 4,015
Limited obligation bonds 290,205 -290,205 323,960
Premium on bonds 8,557 -8,557 11,216
Other General Long-term Obligations 39,864 -39,864 40,774
Intergovernmental agreements-AHOI 366,456 -366,456 415,796
Notes Payable 868 -868 926
Water and Wastewater Revenue Bonds -2,724,235 2,724,235 2,720,285
Bond issuance discounts -(499)(499)(623)
Premium on bonds -205,805 205,805 279,265
GEFA notes payable -181,208 181,208 185,690
Airport Facilities Revenue Bonds - 2,563,290 2 , 5 6 3 , 2 9 0 2,815,580
Issuance premiums -304,028 304,028 244,558
Issuance discounts -(80)(80)(92)
City Plaza - 7,880 7,880 8,240
Premiums - 713 713 801
Parking Deck - 12,340 12,340 13,195
Premiums - 1,229 1,229 1,444
Capital Leases 45,836 149,369 195,205 179,676
Total $ 1,106,967 $ 6,149,518 $ 7,256,485 $ 7,635,124
p. 17
CITY OF ATLANTA DEPARTMENT OF FINANCE | 2021 PAFR
ASSETS
Capital Assets
(in thousands)
Governmental
Activities
as of 30-Jun-21
Business-type
Activities
as of 30-June-21
Total as of
30-Jun-21
Total as of
30-June-20
Land $ 236,037 $ 995,006 $ 1,231,043 $ 1,225,798
Land Improvements 13,450 1,730,624 1,744,074 1,834,835
Buildings & Building Improvements 308,317 8,472,500 8,780,817 7,904,578
Other Property and Equipment 60,009 270,625 330,634 363,051
Infrastructure 294,765 - 294,765 293,399
Construction in Progress 301,188 1,032,916 1,334,104 1,915,886
TOTAL $ 1,213,766 $ 12,501,671 $ 13,715,437 $ 13,537,547
THE CITY OF ATLANTA, WATER AND WASTEWATER RECEIVES AA- RATING
City of Atlanta Municipal Bond
Ratings
Moody’s Investor
Services Standard & Poor’s Fitch Ratings
General Obligation Bonds Aa1 AA+AA+
Water and Wastewater Revenue Bonds Aa2 AA-AA-
Hartsfield-Jackson Atlanta International Airport Revenue Bonds Aa3 A+AA-
These credit ratings are signs of confidence in the strong financial
position of the City and
can impact the bottom line by reducing the cost of borrowing for new infrastructure.
Photos (top to bottom):Photos (top to bottom):
Atlanta Firefighter, photog-
raphers, Sylvia McAfee and
Joshua Spruiel, photo courtesy
of Mayor’s Office of Communica-tions; Pride Parade, photographers,
Sylvia McAfee and Joshua Spruiel,
photo courtesy of Mayor’s Office of
Communications; Atlanta United Fan,
photographer, Ronny Sison.
CITY FINANCES
CITY PRIORITIES &
ACCOMPLISHMENTS
p. 18
CITY OF ATLANTA DEPARTMENT OF FINANCE | 2021 PAFR
CITY PRIORITIES AND ACCOMPLISHMENTS
MAJOR INITIATIVES & FINANCIAL PLANNING
PRIORITIES & INVESTMENTS
WORLD CLASS EMPLOYEES,
INFRASTRUCTURE,
& SERVICES
- Mayor launches progressive Atlanta Advisory Council, a group to provide recommendations to help achieve the Mayor’s vision for equality for all
- City partners with Policing Alternatives
& Diversion Initiative to provide 311 Community Referral Services and Law Enforcement Assisted Diversion expanded to all areas of the city
-Hartsfield-Jackson Atlanta International
Airport recognized with U.S. Green Building Council Regional Leadership Award and the 2021 Airport Minority Advisory Council Airport of the Year Award
RESIDENTS THAT ARE
EQUIPPED FOR SUCCESS
- The Mayor announced $50 million in new bond funding for affordable housing to advance the goals of creating
or preserving 20,000 affordable homes by 2026
THRIVING NEIGHBORHOODS,
COMMUNITIES, & BUSINESSES
- City launches Fix It Phase II: Operation Clean Sweep
- The Mayor announced that, as of 2020, 75% of city residents lived within half a mile of fresh food - a major milestone toward the Mayor’s goal of 85% by 2022
ETHICAL, TRANSPARENT,
& FISCALLY RESPONSIBLE
GOVERNMENT
- Mayor’s legislation to integrate Invest Atlanta with
WorkSource Atlanta was approved by City Council
A SAFE, WELCOMING,
& INCLUSIVE CITY
- Mayor unveils “One Atlanta: One APD” immediate action plan to address violent crime in the city
- Mayor announces historic expansion of 10,000 street lights as
part of the “One Atlanta-Light Up the Night” crime and traffic crash prevention initiative
- City sets record with 8th consecutive perfect score on the
Human Rights Campaign’s (HRC) Municipal Equality Index
Photos (page 18, left to right, top to bottom): Photos (page 18, left to right, top to bottom): Ponce City Market Sign, unknown photographer; City of Atlanta Public Works employee performing road repair, photographers, Sylvia McAfee and Joshua Spruiel, photo courtesy of Mayor’s Office of Communications; Greg Mike Mural, photographer, Rex Way; Westside Quarry, photographers, Sylvia McAfee and Joshua Spruiel, photo courtesy of Mayor’s Office of Communications; Center For Civil and Human Rights, unknown
photographer; Mayor Keisha Lance Bottoms, photographers, Sylvia McAfee and Joshua Spruiel, photo courtesy of Mayor’s Office of Communications; Residents riding scooters on the Beltline, photographers, Sylvia McAfee and Joshua
Spruiel, photo courtesy of Mayor’s Office of Communications; #ATL Strong Billboard, photographers, Sylvia McAfee and Joshua Spruiel, photo courtesy of Mayor’s Office of Communica-
tions; Food Drive, photographers, Sylvia McAfee and Joshua Spruiel, photo courtesy of Mayor’s Office of Communications.
p. 19 PRIORITIES & ACCOMPLISHMENTS
CITY OF ATLANTA DEPARTMENT OF FINANCE | 2021 PAFR
GLOSSARY OF TERMS
Photos (left to right, top to bottom): Photos (left to right, top to bottom): Bank of America Plaza at Sunset, photographer, Brad Huchteman; Atlanta United Field,
photographer, David Nicolai; Residents at ATL Clean-Up Day, photographers, Sylvia McAfee and Joshua Spruiel, photo courte-
sy of Mayor’s Office of Communications; Residents sitting on Peachtree Street, photo courtesy of Atlanta Downtown Photo
Library; Rainbow Crosswalk, unknown photographer; Zoo Atlanta Sign, unknown photographer; Officer with child, photogra-phers, Sylvia McAfee and Joshua Spruiel, photo courtesy of Mayor’s Office of Communications.
Photo (opposite page): Photo (opposite page): Chinese Lantern Festival, unknown photographer.
p. 20
AHOI
Atlanta Housing Opportunity, Inc.
APSJFA
Atlanta Public Safety and Judicial Facilities Authority
ASSETSWhat the City owns.
BUSINESS-TYPE ACTIVITIES
Activities financed through fees charged to
external parties. Includes Hartsfield-Jack-son Atlanta International Airport, the Department of Watershed Management, Sanitation, and other non-major busi-
ness-type activities.
CIPConstruction-In-Progress
COMPONENT UNITSLegally separate organizationsfor which the City is financially
accountable. Includes The Atlanta Devel-
opment Authority, (Invest Atlanta), Atlanta Housing Opportunity Inc., The Atlanta Fulton County Recreation Authority and the Atlanta Urban Redevelopment Agency
(AURA).
DEFERRED INFLOW OF RESOURCESAn acquisition of net position by the government that is applicable to a future
reporting period.
DEFERRED OUTFLOW OF RESOURCES
A consumption of net position by the government that is applicable to a future reporting period.
DOADepartment of Aviation
DWM
Department of Watershed
Management
GEFAGeorgia Environmental Finance Authority
GENERAL REVENUESGeneral Revenues includes property and sales taxes. This is the primary
form of funding for governmental
funds.
GOVERNMENTAL ACTIVITIESActivities generally financed throughtaxes and intergovernmental revenues.Includes primary governmental
functions like public safety, public
works, parks and recreation, and general government.
LIABILITIESWhat the City owes.
NET POSITIONDifference between assets
and liabilities.
PROGRAM REVENUES
Program Revenues represents the City’s main source of funding (inflow of assets) and is made up mostly of charges for services (both governmen-
tal and business-type activities), but
also includes operating and capital grants (state or federal).
SWMASolid Waste Management Authority
COMMENTS AND QUESTIONS
City of Atlanta Department of Finance
Attention: Chief Financial Officer
11100 City Hall Tower
68 Mitchell St., SW
Atlanta, Georgia 30303
The Department of Finance is committed to accomplishing the Mayor’s priorities and providing clear and transparent reporting of the City’s financial activities.
We hope this report has been helpful in providing a brief overview of the City and its finances. Questions concerning any of the information provided in this
report or requests for additional financial information should be addressed to:
The City of Atlanta Department of Finance thanks all City departments and organizations who contributed photos for use in the 2021 PAFR.The City of Atlanta Department of Finance thanks all City departments and organizations who contributed photos for use in the 2021 PAFR.
Mohamed M. BallaMohamed M. Balla
Chief Financial Officer
Jon KeenJon Keen
Chief Operating Officer
Nina HicksonNina Hickson
City Attorney
Carmen ChubbCarmen Chubb
Chief of Staff
MEMBERS OF CITY COUNCIL
Felicia A. MooreFelicia A. Moore
Atlanta City Council,
President
Carla SmithCarla Smith
District 1
Andrea L. BooneAndrea L. Boone
District 10
Marcia Collier OverstreetMarcia Collier Overstreet
District 11
Joyce M. SheperdJoyce M. Sheperd
District 12
Michael Julian BondMichael Julian Bond
Post 1 At-Large
Matt WestmorelandMatt Westmoreland
Post 2 At-Large
Andre DickensAndre Dickens
Post 3 At-Large
Foris WebbForis Webb
Municipal Clerk
Keisha Lance BottomsKeisha Lance Bottoms
MayorMayor
The PAFR is produced by the City of Atlanta Department of Finance | 11100 City Hall Tower, 68 Mitchell St., SW | Atlanta, Georgia 30303 | www.atlantaga.gov | (404) 330-6430
Amir R. FarokhiAmir R. Farokhi
District 2
Antonio BrownAntonio Brown
District 3
Cleta WinslowCleta Winslow
District 4
Natalyn Mosby ArchibongNatalyn Mosby Archibong
District 5
Jennifer N. IdeJennifer N. Ide
District 6
Howard ShookHoward Shook
District 7 District 7
J. P. MatzigkeitJ. P. Matzigkeit
District 8
Dustin HillisDustin Hillis
District 9