Financial Results

Sources of Revenue Local Sources - $467,864,355 (Includes property taxes, real estate transfers, alcoholic beverage taxes, misc. fees.) State Sources - $401,255,040 Federal Sources - $6,861,554 TOTAL FY2007 REVENUE - $875,980,949

Where the Money Goes Instruction - $610,260,868 Maintenance & Operations - $53,364,772 School Administration - $46,783,664 Student Transportation - $42,552,196 Instructional Staff Services - $32,924,616 Central Support Services - $20,415,389 Pupil Support Services - $16,628,244 General Administration - $7,002,568 Support Services - Business - $5,729,695 Debt Service - $5,277,192 Transfers - $2,787,579 Community Services - $61,367 Capital Projects - $8,392 Food Services - $0 TOTAL FY2007 EXPENSES - $843,796,542

The State of Georgia’s Quality Basic Education formula determines an amount that school districts with large tax bases - such as Cobb County - must leave with the state as Local Fair Share contributions. That money is used to help support school districts, typically rural, that have much smaller tax bases. In 2007, Cobb County’s Local 5 Mill Share was approximately $120 million.