Financial Stats Section TN cafr fy07

8/14/2019 Financial Stats Section TN cafr fy07

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STATISTICAL SECTION

This part of the State of Tennessees comprehensive annual financial report presents detailed

information as a context for understanding what the information in the financial statements, note

disclosures, and required supplementary information says about the states overall financial

health.

Contents Page

Financial Trends 194

These schedules contain trend information to help the reader

understand how the States financial performance and well-

being have changed over time.

Revenue Capacity 198

These schedules contain information to help the reader assess

the States most significant local revenue sources, the sales tax.

Debt Capacity 200

These schedules present information to help the reader assess

the affordability of the States current levels of outstanding

debt and the States ability to issue additional debt in the future.

Demographic and Economic Information 202

These schedules offer demographic and economic indicators to

help the reader understand the environment within which the States

financial activities take place.

Operating Information 203These schedules contain service and infrastructure data to help

the reader understand how the information in the States financial

report relates to the services the State provides and the activities

it performs.

Component Units 205

These schedules contain debt information related to the University of

Tennessee and the Tennessee Board of Regents institutions component

units of the State. The schedules assist in understanding the resources

available to pay debt service.

Index 210Page references for Securities and Exchange Commission disclosures

contained in this report.

Sources: Unless otherwise noted, the information in these schedules is derived

from the comprehensive annual financial reports for the relevant year. TheState implemented GASB Statement 34 in fiscal year ended June 30, 2002;schedules presenting government-wide information include information beginning

in that year.

193


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Schedule 1

STATE OF TENNESSEE

FINANCIAL TRENDS - CHANGES IN NET ASSETS

LAST SIX FISCAL YEARS

(accrual basis of accounting, expressed in thousands)

(continued on next page)

FOR THE FISCAL YEAR ENDED JUNE 30,

2002 2003 2004 2005 2006 2007

Expenses

Governmental activities:General government $ 514,419 $ 510,674 $ 546,996 $ 596,016 $ 705,897 $ 730,663

Education 4,326,480 4,520,624 4,692,605 5,158,369 5,449,613 5,879,087

Health and social services 8,499,713 9,507,209 10,583,726 11,522,061 10,170,957 10,415,284

Law, justice, and public safety 918,970 968,859 1,032,302 1,090,779 1,214,957 1,207,070

Recreation and resources development 362,068 376,734 479,251 423,342 466,689 481,166

Regulation of business and professions 59,493 64,109 81,940 113,902 86,945 122,150

Transportation 683,229 726,476 787,646 698,450 671,641 834,212

Intergovernmental revenue sharing 686,515 641,271 647,654 683,925 738,349 815,832

Interest on long-term debt 55,114 50,610 51,819 42,902 49,460 50,003

Payments to fiduciary fund 25,950

Total governmental activities expenses 16,106,001 17,366,566 18,903,939 20,329,746 19,554,508 20,561,417

Business-type activities:

Employment security 739,008 767,202 639,993 476,646 452,043 467,327

Insurance programs 353,534 379,661 416,871 430,568 471,032 413,483

Loan programs 2,585 2,273 1,737 1,909 1,487 1,473

Other 1,410 1,802 2,037 2,498 2,496 2,595

Total business-type activities expenses 1,096,537 1,150,938 1,060,638 911,621 927,058 884,878

Total primary government expenses $ 17,202,538 $ 18,517,504 $ 19,964,577 $ 21,241,367 $ 20,481,566 $ 21,446,295

Program RevenuesGovernmental activities:

Charges for services:

General government $ 281,379 $ 273,503 $ 342,154 $ 380,679 $ 375,640 $ 516,072

Education 10,155 15,922 16,966 13,568 26,785 29,052

Health and social services (1) 195,421 190,570 857,951 942,909 607,601 403,352

Law, justice, and public safety 341,615 336,115 313,386 316,337 374,715 116,780

Recreation and resources development 110,033 114,618 124,105 140,227 138,970 143,705

Regulation of business and professions 86,468 95,953 107,355 115,556 124,435 135,848

Transportation 13,045 13,339 13,636 15,494 15,118 16,958

Operating grants and contributions 6,454,927 7,452,665 8,095,087 8,777,283 8,314,981 8,481,473

Capital grants and contributions 560,074 568,221 503,539 520,090 615,584 708,384

Total governmental activities program revenues 8,053,117 9,060,906 10,374,179 11,222,143 10,593,829 10,551,624


Charges for services:

Employment security 335,723 437,378 523,372 463,385 381,600 356,064

Insurance programs 338,085 385,384 422,584 462,441 479,515 438,275

Loan programs 13,449 12,590 12,733 12,878 12,970 13,803

Other 1,368 1,998 2,111 2,593 2,803 2,644

Operating grants and contributions 342,469 256,444 208,296 100,536 131,043 116,569

Total business-type activities program revenues 1,031,094 1,093,794 1,169,096 1,041,833 1,007,931 927,355

Total primary government program revenues $ 9,084,211 $ 10,154,700 $ 11,543,275 $ 12,263,976 $ 11,601,760 $ 11,478,979

Net (Expense)/Revenue

Governmental activities $ (8,052,884) $ (8,305,660) $ (8,529,760) $ (9,107,603) $ (8,960,679) $ (10,009,793)

Businesss-type activities (65,443) (57,144) 108,458 130,212 80,873 42,477

Total primary government net expense $ (8,118,327) $ (8,362,804) $ (8,421,302) $ (8,977,391) $ (8,879,806) $ (9,967,316)

194


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Schedule 1

STATE OF TENNESSEE

FINANCIAL TRENDS - CHANGES IN NET ASSETS



(continued from previous page)


2002 2003 2004 2005 2006 2007

General Revenues and Other Changes in Net Assets

Governmental activities:Taxes

Sales and use $ 4,656,105 $ 5,478,642 $ 5,806,268 $ 6,099,159 $ 6,540,224 $ 6,819,570

Fuel 787,132 813,554 829,372 846,826 851,362 867,520

Business 1,783,486 2,067,713 2,184,170 2,396,141 2,592,238 2,884,618

Other 490,958 425,099 526,573 514,938 598,827 734,026

Grants and contributions not restricted to specific programs 159,511 149,746 152,676 46,807

Unrestricted investment earnings 37,802 11,582 12,079 30,361 81,287 113,940

Miscellaneous 281,952 230,770 207,653 209,226 185,466 250,344

Contributions to permanent funds 354 381 351 468 369 270

Transfers (16,819) (18,881) (18,829) (21,062) (22,783) (5,028)

Total governmental activities 8,180,481 9,158,606 9,700,313 10,122,864 10,826,990 11,665,260


Transfers 16,819 18,881 18,829 21,062 22,783 5,028

Total business-type activities 16,819 18,881 18,829 21,062 22,783 5,028

Total primary government general revenues and other changes in net assets $ 8,197,300 $ 9,177,487 $ 9,719,142 $ 10,143,926 $ 10,849,773 $ 11,670,288

Changes in Net Assets

Governmental activities $ 127,597 $ 852,946 $ 1,170,553 $ 1,015,261 $ 1,866,311 $ 1,655,467

Businesss-type activities (48,624) (38,263) 127,287 151,274 103,656 47,505

Total primary government $ 78,973 $ 814,683 $ 1,297,840 $ 1,166,535 $ 1,969,967 $ 1,702,972

(1) The increase in program revenues of the health and social services function between fiscal years 2003 and 2004

resulted from the reclassification of ce rtain revenues from operating grants and contributions to charges for services.

The effect of the decrease in operating grants and contributions was neutralized by an increase in federal funding

to the Tenncare program to compensate for rising healthcare costs.

Schedule 2

STATE OF TENNESSEE

FINANCIAL TRENDS - NET ASSETS BY COMPONENT




2002 2003 2004 2005 2006 2007

Governmental activities

Invested in capital assets, net of related debt $ 17,457,541 $ 18,119,735 $ 18,691,308 $ 19,406,978 $ 20,204,007 $ 21,030,511

Restricted 665,673 703,010 843,889 580,840 725,209 782,302

Unrestricted (1), (2) 69,056 288,523 743,586 1,306,226 2,204,315 3,014,252

Total governmental activities net assets 18,192,270 19,111,268 20,278,783 21,294,044 23,133,531 24,827,065

Business-type activities

Invested in capital assets, net of related debt

Restricted 1,239,236 1,181,636 1,288,353 1,389,261 1,459,045 1,472,523

Unrestricted 31,655 50,992 71,562 121,928 155,800 171,183

Total business-type activities net assets 1,270,891 1,232,628 1,359,915 1,511,189 1,614,845 1,643,706

Primary Government

Invested in capital assets, net of related debt 17,457,541 18,119,735 18,691,308 19,406,978 20,204,007 21,030,511

Restricted 1,904,909 1,884,646 2,132,242 1,970,101 2,184,254 2,254,825

Unrestricted 100,711 339,515 815,148 1,428,154 2,360,115 3,185,435

Total primary government net assets $ 19,463,161 $ 20,343,896 $ 21,638,698 $ 22,805,233 $ 24,748,376 $ 26,470,771

(1) The increase in unrestricted net assets between fiscal years 2004 and 2005 is attributable,

in part, to the implementation of GASB Statement 46 which caused a reduction in

restricted net assets. In addition, because the state lottery was operational for only six months

during fiscal year 2004 fewer funds were restricted for lottery scholarships when compared

to fiscal year 2005.

(2) The increase in unrestricted net assets between fiscal years 2005 and 2006 and between 2006 and 2007

is attributable, in part, to the overall increase i n the net assets resulting from governmental activities,

specifically those activites associated with the General Fund, which had a $698 million and a $662 million

increase in fund balance for 2006 and 2007, respectively.

195


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Schedule3

STATEOFTENNESSEE

FINANCIALTRENDS-FUNDBALANCES

GOVERNMENTALFUNDS

LASTTENFISCALYEARS

(modifiedaccrualbasisofaccounting,expressedinthousands)

FORTHEFISCALYEARENDEDJUN

E30,

1998

1999

2000

2001

2002

2003

2004

2005

2006

2007

GeneralFundR

eserved

$

223,735

$

322,362

$

571,2

36

$

534,116

$

435,6

00

$

486,319

$

693,3

71

$

594,405

$

960,2

29

$

1,143,1

63

Unreserved

354,105

224,923

371,4

77

461,964

195,9

41

202,603

658,0

55

737,779

1,070,1

24

1,549,3

99

Totalgeneralfund(1),(2)

$

577,840

$

547,285

$

942,7

13

$

996,080

$

631,5

41

$

688,922

$

1,351,4

26

$

1,3

32,184

$

2,030,3

53

$

2,692,5

62

AllOtherGovernmentalFu

nds

Reserved

$

599,000

$

647,182

$

617,1

91

$

659,095

$

876,9

19

$

922,258

$

1,061,4

53

$

1,3

07,412

$

1,166,5

34

$

1,079,6

72

Unreserved,re

portedin:

Specialrevenuefunds

1,889

367

58

103

50

50

50

50

345,1

43

569,0

41

Debtserv

icefund

4,356

1,335

2,7

50

3,407

5,3

77

5,3

98

Capitalprojectsfund

(33,106)

48,221

62,2

43

131,833

49,7

49

123,2

05

Totalallothergovernmentalfunds

$

572,139

$

697,105

$

682,2

42

$

794,4

38

$

876,9

69

$

922,308

$

1,061,503

$

1,307,4

62

$

1,566,8

03

$

1,777,316

(1)

Theincreaseinthefundbalanceofthegeneralfundbetweenfiscalyears2003and2004resultedfromhigherrevenuecollections.

Afavorableec

onomycausedincreasesinsales,excise,franchise,

business,andincometaxcollections.However,expenditures

infiscalyear2

004didnotincreaseatthesamerate.

Theresultwasanincreaseof$625millionintheGeneralFundtotalfundbalance.

Amajorityoftheincreaseinthereserved

componentwasfromtheReserveforUnencumberedBalanceandtheReserveforFederalTax

Relief.Thelargestpartoftheincreaseintheunreserved

componentresultedin

theReserveforSupplementalAppropriations

andtheReserv

eforFutureRequirements.

(2)

Theincreaseinthefundbalanceofthegeneralfundbetweenfiscalyears2005and2006andbetween2006and2007resultedfromhigher

revenuecollec

tions.

Afavorableeconomycausedincreasesinsales,excise,and

franchisetaxcollections.

196


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7/19


8/19


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Schedule8

STATEOFTENNESSEE

DEBTCAPACITY-RATIOSOFOUTSTANDINGDEBTBYTYPE

LASTTENFISCALYEARS

(expressedinthousands;exceptforpercapita)

FORTHEFISCALYEAR

ENDEDJUNE30,

1998

1999

2000

2001

2002

2003

2004

2005

2006

2007

Governmentalactivitiesdebt:

Generalobligationbonds

$

966,2

04

$

1,0

62,8

50

$

983,7

21

$

1,049,4

56

$

1,1

34,8

81

$

1,0

47,5

31

$

1,1

41,0

26

$

1,0

44,8

30

$

1,0

96,7

65

$

1,1

15,4

88

Generalobligationbondanticipationnote

s

139,1

00

177,3

00

Generalobligationcommercialpape

248,5

00

250,0

00

110,7

00

201,8

00

82,7

75

168,5

75

144,6

25

130,8

24

Capitalleases

588

543

496

562

483

788

1,0

08

1,2

29

3,619

3,943

Totalgovernmentalactivitiesdebt

1,1

05,8

92

1,2

40,6

93

1,2

32,717

1,300,0

18

1,2

46,0

64

1,2

50,1

19

1,2

24,8

09

1,2

14,6

34

1,2

45,0

09

1,2

50,2

55

Business-typeactivitiesdebt:


26,6

05

23,5

51

20,3

47

17,2

13

13,9

24

11,0

70

8,0

71

5,2

32

3,378

2,534

Totalbusiness-typeactivities

debt

26,6

05

23,5

51

20,3

47

17,2

13

13,9

24

11,0

70

8,0

71

5,2

32

3,378

2,534

Totalprimarygovernmentdeb

$

1,1

32,4

97

$

1,2

64,2

44

$

1,2

53,064

$

1,3

17,2

31

$

1,2

59,9

88

$

1,2

61,1

89

$

1,2

32,8

80

$

1,2

19,8

66

$

1,2

48,387

$

1,2

52,789

DebtRatios

Personalincom

$

133,6

20,0

00

$

140,3

95,0

00

$

148,8

34,0

00

$

154,4

16,0

00

$

159,1

73,0

00

$

165,6

22,000

$

174,7

27,0

00

$

184,5

67,0

00

$

195,6

56,000

N/A

Ratiooftotaldebttopersonalincom

0.8

5%

0.9

0%

0.8

4%

0.8

5%

0.7

9%

0.7

6%

0.7

1%

0.6

6%

0.6

4%

Population

N/A

N/A

5,689

5,7

47

5,7

90

5,8

42

5,8

93

5,9

63

6,039

N/A

Netgeneralbondeddebtpercapit

N/A

N/A

$

220

$

229

$

218

$

216

$

209

$

205

$

206

GeneralBondedDebt:


$

992,8

09

$

1,0

86,4

01

$

1,0

04,068

$

1,066,6

69

$

1,1

48,8

05

$

1,0

58,6

01

$

1,1

49,0

97

$

1,0

50,0

62

$

1,1

00,1

43

$

1,1

18,022

Generalobligationbondanticipationnote

s

139,1

00

177,3

00

Generalobligationcommercialpape

248,5

00

250,0

00

110,7

00

201,8

00

82,7

75

168,5

75

144,6

25

130,8

24

Totalnetbondeddebt

$

1,1

31,9

09

$

1,2

63,7

01

$

1,2

52,568

$

1,3

16,6

69

$

1,2

59,5

05

$

1,2

60,4

01

$

1,2

31,8

72

$

1,2

18,6

37

$

1,2

44,768

$

1,2

48,846

DebtRatios

Ratioofnetbondeddebttototalofpledgedrevenue

54.8

8%

50.0

1%

69.4

8%

60.9

1%

61.0

3%

65.4

8%

70.4

5%

73.2

1%

75.6

8%

80.9

2%

Source:StateofTennesseeComprehensiveAnnualFinancialRepor

andtheUniversityofTennesseeEconomicR

eporttotheGovern

Notes:

(1)N/A-notavailablebecausethesourcedidnotprovidethedat

(2)SeeSchedule10forpersonalincomeandpopulationdat

(3)Detailsofthestate'sdebtcanbefoundin

Note5Hinthebasicfinancialstatement

200


10/19

Schedule9

STATEOFT

ENNESSEE

DEBTCAPACITY-LEGALDEBTSERVICEMARGININFORMATION

LASTTENFISCALYEARS

(expressedinthousands)

CollectionsforFiscalYear2007

Fisca

l

All

Year2007

Portion

Governmental

Pledg

ed

Calculationof2007pledgedrevenues:

Pledged

FundTypes

Amount

Pledgedamount

$

1,010,622

Gasolinetax

29.3

%

$

612,790

$

179,5

47

Legaldebtservicelimit(pledgedamount/150%)

673,748

Petroleumproductsfee

100%

65,312

65,3

12

Less:2007debtservicerequiredonallgenerallong-term

Motorvehicleregistrationfee

50%

257,580

128,7

91

debt,includingStateLoanProgramandFacilitiesRevolving

Franchisetax

100%

636,972

636,9

72

Fundgeneralobligationsbonds

145,975

$

1,572,654

$

1,010,6

22

Legaldebtservicemargin

$

527,773

FORTHEFISCALYEARENDEDJUNE30,

1998

1999

2000

2001

2002

2003

2004

2005

2006

2007

Debtlimit

$

414,106

$

421,360

$

580,2

01

$

534,6

82

$

512,464

$

550,2

11

$

578,609

$

594,778

$

628,0

10

$

673,748

Totalnetdebtserviceapplicabletolimit

117,895

125,924

138,4

81

131,5

93

142,075

148,0

79

143,702

155,215

148,0

33

145,975

Legaldebtservicemargin

$

296,211

$

295,436

$

441,720

$

403,0

89

$

370,389

$

402,1

32

$

434,907

$

439,563

$

479,9

77

$

527,773

Legaldebtservicemarginasapercentage

ofthedebtlimit

71.5

3%

70.1

1%

76.1

3%

75.3

9%

72.2

8%

73.0

9%

75.1

6%

73.9

0%

76.4

3%

78.3

3%

201


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Schedule10

STATEOFTENNESSEE

DEMOGRAPHICANDECONOMICINFORMATION

FORTHELASTTENCALENDARYEARS

(expressedinthousands;exceptpercapita)

FORTHECALENDARYEARENDEDDEC

EMBER31,

1997

1998

1999

2000

2001

2002

2003

2004

2005

2006

Population

N/A

N/A

N/A

5,689

5,747

5,79

0

5,8

42

5,893

5,9

63

6,0

39

Totalpersonalincome

$

124,699,000

$

133,620,000

$

140,3

95,0

00

$

148,8

34,0

00

$

154,4

16,000

$

159,173,00

0

$

165,622,0

00

$

174,7

27,0

00

$

184,5

67,0

00

$

195,656,000

Percapitapersonalincome

$

23,1

58

$

24,5

67

$

25,4

37

$

26,1

68

$

26,842

$

27,43

4

$

28,3

77

$

29,761

$

31,1

27

$

32,4

74

Unemploymentrate

5.3%

4.5%

4.0%

4.0%

4.6%

5.2

%

5.5

%

5.4%

5.6%

4.5

%

Source:Populationfromwww.census.gov

AllotherfromtheUniversityofTennesseeEconomicReporttotheGovernor

Note:

N/Ameansnotavailable.

Schedule11

STATEOFTENNESSEE

DEMOGRAPHICANDECONOMICINFORMATION-PRINCIPALEMPLOYE

RS

CURRENTYEARANDNINEYEARSAGO

2007

1998

Percentage

Percentage

Numberof

ofTotalState

Numberof

ofTotalState

Employer

Employees

Rank

Employment

Employees

Rank

Employment

FederalGovernment

49,2

71

1

1.80%

54,146

1

2.05%

StateGovernment

47,1

26

2

1.72%

40,911

2

1.55%

Wal-MartAssociatesInc.

32,0

00

3

1.1

7%

FederalExpressInc.

30,0

00

4

1.0

9%

25,126

3

0.95%

Nashville/DavidsonCountyMetropolitanG

overnment

20,6

07

5

0.7

5%

21,3

68

4

0.81%

KrogerLimitedPartnershipInc.

15,5

00

6

0.5

7%

TennesseeBoardofRegents

15,3

09

7

0.5

6%

14,0

91

7

0.53%

ShelbyCounty

13,6

56

8

0.5

0%

11,2

98

8

0.43%

HamiltonCounty

11,3

99

9

0.42%

4,884

9

0.19%

EastmanChemicalCorporation

11,1

00

10

0.40%

17,5

00

5

0.6

6%

MartinMariettaCorporation

16,7

60

6

0.63%

Total

245,968

8.97%

111,027

4.21%

Calendar

Calendar

Year2007(est)

Year1998

TotalStateEmployment

2,741,0

00

2,640,000

Source:U.S.CensusBureau,

TennesseeDepartmentofEconom

ic&CommunityDevelopment,

andtheTennesseeBoardofRegents

Note:

Timeperiodsrelatedtonumberof

employeesvarydependingonthesource.

202


12/19

1998

1999

2000

2001

2002

2003

2004

2005

2006

2007

Generalgovernm

ent

4,0

76

4

,123

4,0

45

4,1

50

4,1

14

4,1

63

4,254

4,394

4,6

71

4,964

Healthandsocialservices(1

Law,

justiceand

publicsafety

Recreationandresourcesdevelopment

Regulationofbusinessandprofessions

Transportation

Source:Departm

entofPersonnel

(1)

In2005,in

theDepartmentofHumanServices,

aTennCareappealsunit,andthreenewfamily

Generalgovernm

ent

Education

Healthandsocialservices

2,1

42

862,5

32

80

Regulationofbusinessandprofessions

Mac

hineryandequipment

72

59

68

82

93

104

138

Function

Schedule

12

STATEOFTENNESSEE

OPERATINGINFOR

MATION-FULLTIMEEMPLOYEESBYFUNCTION

FORTHELASTTENFISCALYEARS

Education

918

943

941

979

955

9

66

1,0

14

1,028

1,0

25

1,070

)

17,1

99,5

45

17

,32

7

9

,83

7

17,5

6

6

10,0

7

4

18,1

9

10,44

7

18,8

5

06

10,6

82

19,1

1

10,5

44

19,

69

10,2

55

20

691

10

,431

21,24

,922

10,98

6

21,20

8

7

10,84

3

3,6

90

3

,73

4

3,68

1

3,7

18

3,5

86

3,6

89

3,762

3

,757

3,8

46

3,885

589

59

0

60

0

624

646

6

68

680

718

738

776

4,8

02

4

,79

1

4,62

0

4,6

20

4,559

4,5

28

4,4

60

4

,454

4,4

48

4,380

Total

40,817

41

,344

41,5

30

42,6

44

43,3

93

43,7

27

44,1

16

45,7

04

46,9

61

47,12

6

assistanceservicecenterswereestablished.

Schedule

13

STATEOFTENNESSEE

OPERATINGI

NFORMATION-CAPITALASSETSTATISTICSBYFUNCTION

FORTHELASTTENFISCALYEARS

Function

1998

1999

2000

2001

2002

2003

2004

2005

2006

2007

Motorpoolvehicles

7,5

87

7,701

7,7

85

6,6

89

7,0

67

7,2

76

Buildings

62

62

61

61

108

107

107

Mac

hineryandequipment

3,2

82

3,2

33

3,581

3,8

61

3,6

34

3,6

37

3,5

86

Num

berofresidentialschools

4

4

4

4

4

4

4

Mac

hineryandequipment

210

167

223

228

244

219

209

Buildings

417

397

391

388

342

340

339

Mac

hineryandequipment

2,0

14

1,9

16

1,973

1,9

64

2,0

31

2,3

03

Law,

justiceandpublicsafety

Corr

ectionalfacilities

19

19

19

19

19

19

19

Arm

ories

89

90

90

86

86

86

Mac

hineryandequipment

1,7

28

1,7

39

1,8

82

2,0

09

2,3

52

2,5

86

Recreationandresourcesdevelopment

Acre

ageofstateparks

153,3

155

,153

156,6

43

156,6

43

158,252

158,5

81

158,7

23

164,2

51

164,3

99

164,537

Mac

hineryandequipment

1,9

91

1,8

84

2,0

93

2,1

85

2,2

95

2,476

2,5

43

TransportationS

tatehighways(inmiles)

14,0

22

14,0

56

14,0

73

14,111

14,1

07

14,107

14,289

14,1

51

14,1

63

13,8

35

Brid

ges,s

tatehighways

19,1

69

19,2

01

19,4

03

19,453

19,4

53

19,493

19,621

19,6

46

19,4

32

19,5

15

Facilities

122

120

120

120

122

122

122

Buildings

631

629

671

682

710

713

717

203


13/19


14/19


15/19


16/19


17/19

Sch

edule15

PriorandSubordinate

DebtService

PriorandSubordinate

DebtService

Fiscal

TotalFees

Legislative

DebtServiceRequirements

Requirements

Fiscal

TotalFees

Legislativ

e

DebtServiceRequirements

Requirements

Year

andCharges

Appropriations

(Non-Authority)

(AuthorityBonds)

Year

andCharges

Appropriati

ons

(Non-Authority)

(AuthorityBo

nds)

1998

$

13,0

46

$

13

,232

-

-

1998

$

8,350

$

13,1

32

-

-

1999

15,0

88

14

,323

-

-

1999

8,408

14,2

65

-

-

2000

17,8

43

14

,947

-

-

2000

9,001

14,7

67

-

-

2001

15,5

67

15

,394

-

-

2001

10,170

15,1

73

-

-

2002

15,0

60

15

,862

-

-

2002

17,832

15,5

95

-

-

2003

12,9

41

15

,813

-

-

2003

20,031

16,0

45

-

-

2004

9,3

95

15

,417

-

-

2004

20,827

15,8

21

-

-

2005

19,1

15

18

,049

-

$

17

2005

21,318

16,7

80

-

-

2006

19,2

45

17

,479

-

17

2006

28,946

16,9

99

-

-

2007

10,4

60

18

,175

-

140

2007

36,511

18,3

94

-

$

294

DivisionofBondFinance

WaltersStateCommunityCollege

VolunteerStateCommunityCollege

(continuedfrompreviouspage)

STATEOFTENNESSEE

(expressedinthousands)

SCHEDULEOFFEES/CHARGES,LEGISLATIVEAPPROPRIATIONSANDDEBTSERVICE

COMPONENTUNITS

COLLEG

EANDUNIVERSITYFUNDS

FORTH

ELASTTENFISCALYEARS

Source:ComptrolleroftheTreasury,

208


18/19

STATE OF TENNESSEE Schedule 16

STUDENT FEES AND CHARGES

FOR INSTITUTIONS WITH TENNESSEE STATE SCHOOL BOND AUTHORITY DEBT

COMPONENT UNITS

COLLEGE AND UNIVERSITY FUNDS

FOR THE FISCAL YEAR ENDED JUNE 30, 2007

Debt In-State Non-Resident Average Average

Service Student Student Board Room

Institution Fees Tuition Tuition Charge Charge

University of Tennessee- Knoxville $ 74 $ 5,932 $ 18,174 $ 2,866 $ 3,260

University of Tennessee- Chattanooga 220 5,062 15,024 2,990 6,450

University of Tennessee- Martin 174 5,005 15,045 2,396 2,160

University of Tennessee- Memphis 54 6,196 18,672 3,555

Austin Peay State University 274 5,238 15,514 2,110 3,400

East Tennessee State University 180 4,887 14,365 2,278 2,272

Middle Tennessee State University 0 5,278 15,554 2,258 3,726

Tennessee State University 178 4,856 15,162 2,220 2,982

Tennessee Technological University 58 4,980 15,256 3,320 3,410

University of Memphis 5,802 16,630 2,000 3,280

Chattanooga State Technical Community College 2,641 9,711

Cleveland State Community College 2,627 9,723

Columbia State Community College 2,605 9,440

Dyersburg State Community College 2,635 9,711

Jackson State Community College 2,617 9,684

Motlow State Community College 2,623 9,699

Nashville State Technical Community College 2,589 9,440

Northeast State Technical Community College 2,625 9,702

Pellissippi State Technical Community College 30 2,657 9,732

Roane State Community College 2,645 6,984

Southwest Tennessee Community College 2,679 9,701Volunteer State Community College 2,625 9,665

Walters State Community College 2,627 9,702

Source: Comptroller of the Treasury,

Division of Bond Finance

STATE OF TENNESSEE Schedule 17

PRINCIPAL AMOUNT OF DEBT OUTSTANDING BY INSTITUTION

COMPONENT UNITS

COLLEGE AND UNIVERSITY FUNDS

JUNE 30, 2007

First Second

Program Program Commercial Non-Authority Total

Institution Bonds Bonds Paper Debt Debt

University of Tennessee $ 6,885 $ 274,342 $ 77,582 $ 45 $ 358,854

Austin Peay State University 35,480 969 36,449East Tennessee State University 81 31,232 29,060 2,070 62,443

Middle Tennessee State University 186 89,001 35,326 124,513

Tennessee State University 730 37,045 925 38,700

Tennessee Technological University 48 11,282 4,538 15,868

University of Memphis 92 53,546 1,911 55,549

Chattanooga State Technical Community College 1,050 2,288 3,338

Cleveland State Community College 466 466

Columbia State Community College 106 106

Dyersburg State Community College 320 320

Jackson State Community College 461 461

Motlow State Community College 471 471

Nashville State Technical Community College 55 780 835

Northeast State Technical Community College 913 913

Pellissippi State Technical Community College 1,489 1,489

Roane State Community College 2,071 2,071

Southwest Tennessee Community College 1,347 1,347

Volunteer State Community College 440 440

Walters State Community College 1,584 1,584

$ 8,022 $ 542,701 $ 153,379 $ 2,115 $ 706,217

Source: Comptroller of the Treasury,Division of Bond Finance

209


19/19

SECURITIES & EXCHANGE COMMISSION DISCLOSURES

Page Number

Financial Statements & Note Disclosures

General Obligation Debt

Allocation of Sales and Use Tax to Debt Service 115

General Obligation Bonds Outstanding, and Authorized and Unissued 77-80, 187

General Obligation Commercial Paper Outstanding 77-79, 188

General Obligation Bonds Outstanding by Fiscal Year of Maturity 187

Outstanding Indebtedness of State Agencies and Authorities 77-80

Component Units Revenue-Backed Debt

Tennessee Housing Development Agency

Outstanding Bonds 84-86, 189

Tennessee State School Bond AuthorityOutstanding Bonds 87-88, 189

Tennessee Local Development Authority

Outstanding Bonds 86-87, 189

Supplementary Information

Collections of Special Taxes 190

Statistical Section

General Government

Schedule 1Changes in Net Assets 194

Schedule 2Net Assets by Component 195

Schedule 3Fund Balances of Governmental Funds 196

Schedule 4Changes in Fund Balances 197

Schedule 5Taxable Sales by Classification 198

Schedule 6Sale and Use Tax Rates 198

Schedule 7Sales and Use Tax Collections by Taxpayer Classification 199

Schedule 8Ratios of Outstanding Debt by Type 200

Schedule 9Legal Debt Margin Information 201

Schedule 10Demographic and Economic Information 202

Component Units

Schedule 15Higher Education Fees, Charges, Legislative Appropriations and Debt Service 205

Schedule 16Higher Education Student Fees and Charges 209

Schedule 17Principal Amount of Debt Outstanding by Institution 209

Documents

Financial Stats Section TN cafr fy07