192

STATISTICAL SECTION

This part of the State of Tennessee’s 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 state’s overall financial
health.

Contents

Page

Financial Trends
These schedules contain trend information to help the reader
understand how the State’s financial performance and wellbeing have changed over time.

194

Revenue Capacity
These schedules contain information to help the reader assess
the State’s most significant local revenue sources, the sales tax.

198

Debt Capacity
These schedules present information to help the reader assess
the affordability of the State’s current levels of outstanding
debt and the State’s ability to issue additional debt in the future.

200

Demographic and Economic Information
These schedules offer demographic and economic indicators to
help the reader understand the environment within which the State’s
financial activities take place.

202

Operating Information
These schedules contain service and infrastructure data to help
the reader understand how the information in the State’s financial
report relates to the services the State provides and the activities
it performs.

203

Component Units
These schedules contain debt information related to the University of
Tennessee and the Tennessee Board of Regent’s institutions – component
units of the State. The schedules assist in understanding the resources
available to pay debt service.

205

Index

210
Page 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. The
State implemented GASB Statement 34 in fiscal year ended June 30, 2002;
schedules presenting government-wide information include information beginning
in that year.

193

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)

2002
Expenses
Governmental activities:
General government
Education
Health and social services
Law, justice, and public safety
Recreation and resources development
Regulation of business and professions
Transportation
Intergovernmental revenue sharing
Interest on long-term debt
Payments to fiduciary fund
Total governmental activities expenses

$

Business-type activities:
Employment security
Insurance programs
Loan programs
Other
Total business-type activities expenses
Total primary government expenses
Program Revenues
Governmental activities:
Charges for services:
General government
Education
Health and social services (1)
Law, justice, and public safety
Recreation and resources development
Regulation of business and professions
Transportation
Operating grants and contributions
Capital grants and contributions
Total governmental activities program revenues

Net (Expense)/Revenue
Governmental activities
Businesss-type activities
Total primary government net expense

514,419
4,326,480
8,499,713
918,970
362,068
59,493
683,229
686,515
55,114

$

510,674
4,520,624
9,507,209
968,859
376,734
64,109
726,476
641,271
50,610

$

546,996
4,692,605
10,583,726
1,032,302
479,251
81,940
787,646
647,654
51,819

$

596,016
5,158,369
11,522,061
1,090,779
423,342
113,902
698,450
683,925
42,902

$

2006

705,897
5,449,613
10,170,957
1,214,957
466,689
86,945
671,641
738,349
49,460

2007

$

16,106,001

17,366,566

18,903,939

20,329,746

19,554,508

730,663
5,879,087
10,415,284
1,207,070
481,166
122,150
834,212
815,832
50,003
25,950
20,561,417

739,008
353,534
2,585
1,410
1,096,537

767,202
379,661
2,273
1,802
1,150,938

639,993
416,871
1,737
2,037
1,060,638

476,646
430,568
1,909
2,498
911,621

452,043
471,032
1,487
2,496
927,058

467,327
413,483
1,473
2,595
884,878

$

17,202,538

$

18,517,504

$

19,964,577

$

21,241,367

$

20,481,566

$

21,446,295

$

281,379
10,155
195,421
341,615
110,033
86,468
13,045
6,454,927
560,074
8,053,117

$

273,503
15,922
190,570
336,115
114,618
95,953
13,339
7,452,665
568,221
9,060,906

$

342,154
16,966
857,951
313,386
124,105
107,355
13,636
8,095,087
503,539
10,374,179

$

380,679
13,568
942,909
316,337
140,227
115,556
15,494
8,777,283
520,090
11,222,143

$

375,640
26,785
607,601
374,715
138,970
124,435
15,118
8,314,981
615,584
10,593,829

$

516,072
29,052
403,352
116,780
143,705
135,848
16,958
8,481,473
708,384
10,551,624

Business-type activities:
Charges for services:
Employment security
Insurance programs
Loan programs
Other
Operating grants and contributions
Total business-type activities program revenues
Total primary government program revenues

2003

FOR THE FISCAL YEAR ENDED JUNE 30,
2004
2005

335,723
338,085
13,449
1,368
342,469
1,031,094

437,378
385,384
12,590
1,998
256,444
1,093,794

523,372
422,584
12,733
2,111
208,296
1,169,096

463,385
462,441
12,878
2,593
100,536
1,041,833

381,600
479,515
12,970
2,803
131,043
1,007,931

356,064
438,275
13,803
2,644
116,569
927,355

$

9,084,211

$

10,154,700

$

11,543,275

$

12,263,976

$

11,601,760

$

11,478,979

$

(8,052,884)
(65,443)
(8,118,327)

$

(8,305,660)
(57,144)
(8,362,804)

$

(8,529,760)
108,458
(8,421,302)

$

(9,107,603)
130,212
(8,977,391)

$

(8,960,679)
80,873
(8,879,806)

$

(10,009,793)
42,477
(9,967,316)

$

$

194

$

$

$

$

Schedule 1
STATE OF TENNESSEE
FINANCIAL TRENDS - CHANGES IN NET ASSETS
LAST SIX FISCAL YEARS
(accrual basis of accounting, expressed in thousands)
(continued from previous page)

2002
General Revenues and Other Changes in Net Assets
Governmental activities:
Taxes
Sales and use
Fuel
Business
Other
Grants and contributions not restricted to specific programs
Unrestricted investment earnings
Miscellaneous
Contributions to permanent funds
Transfers
Total governmental activities

$

Business-type activities:
Transfers
Total business-type activities
Total primary government general revenues and other changes in net assets
Changes in Net Assets
Governmental activities
Businesss-type activities
Total primary government

(1)

2003

4,656,105
787,132
1,783,486
490,958
159,511
37,802
281,952
354
(16,819)
8,180,481

$

16,819
16,819
$

$
$

8,197,300

127,597
(48,624)
78,973

5,478,642
813,554
2,067,713
425,099
149,746
11,582
230,770
381
(18,881)
9,158,606

FOR THE FISCAL YEAR ENDED JUNE 30,
2004
2005

$

18,881
18,881
$

$
$

9,177,487

852,946
(38,263)
814,683

5,806,268
829,372
2,184,170
526,573
152,676
12,079
207,653
351
(18,829)
9,700,313

$

18,829
18,829

6,099,159
846,826
2,396,141
514,938
46,807
30,361
209,226
468
(21,062)
10,122,864

$

2006

6,540,224
851,362
2,592,238
598,827

2007

$

81,287
185,466
369
(22,783)
10,826,990

21,062
21,062

6,819,570
867,520
2,884,618
734,026
113,940
250,344
270
(5,028)
11,665,260

22,783
22,783

5,028
5,028

$

9,719,142

$

10,143,926

$

10,849,773

$

11,670,288

$

1,170,553
127,287
1,297,840

$

1,015,261
151,274
1,166,535

$

1,866,311
103,656
1,969,967

$

1,655,467
47,505
1,702,972

$

$

$

$

The increase in program revenues of the health and social services function between fiscal years 2003 and 2004
resulted from the reclassification of certain 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
LAST SIX FISCAL YEARS
(accrual basis of accounting, expressed in thousands)

2002
Governmental activities
Invested in capital assets, net of related debt
Restricted
Unrestricted (1), (2)
Total governmental activities net assets

$

2003

17,457,541
665,673
69,056
18,192,270

$

18,119,735
703,010
288,523
19,111,268

FOR THE FISCAL YEAR ENDED JUNE 30,
2004
2005

$

18,691,308
843,889
743,586
20,278,783

$

19,406,978
580,840
1,306,226
21,294,044

$

2006

20,204,007
725,209
2,204,315
23,133,531

2007

$

21,030,511
782,302
3,014,252
24,827,065

Business-type activities
Invested in capital assets, net of related debt
Restricted
Unrestricted
Total business-type activities net assets

1,239,236
31,655
1,270,891

1,181,636
50,992
1,232,628

1,288,353
71,562
1,359,915

1,389,261
121,928
1,511,189

1,459,045
155,800
1,614,845

1,472,523
171,183
1,643,706

Primary Government
Invested in capital assets, net of related debt
Restricted
Unrestricted
Total primary government net assets

17,457,541
1,904,909
100,711
19,463,161

18,119,735
1,884,646
339,515
20,343,896

18,691,308
2,132,242
815,148
21,638,698

19,406,978
1,970,101
1,428,154
22,805,233

20,204,007
2,184,254
2,360,115
24,748,376

21,030,511
2,254,825
3,185,435
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 in 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

$

$

$

$

196

$

58
2,750
62,243
682,242

617,191

571,236
371,477
942,713

$

$

$

$

103
3,407
131,833
794,438

659,095

534,116
461,964
996,080

$

$

$

$

876,969

50

876,919

435,600
195,941
631,541

$

$

$

$

922,308

50

922,258

486,319
202,603
688,922

$

$

$

$

FOR THE FISCAL YEAR ENDED JUNE 30,
2002
2003

The increase in the fund balance of the general fund between fiscal years 2005 and 2006 and between 2006 and 2007 resulted from higher
revenue collections. A favorable economy caused increases in sales, excise, and franchise tax collections.

$

367
1,335
48,221
697,105

$

$

$

2001

(2)

$

1,889
4,356
(33,106)
572,139

647,182

322,362
224,923
547,285

2000

The increase in the fund balance of the general fund between fiscal years 2003 and 2004 resulted from higher revenue collections.
A favorable economy caused increases in sales, excise, franchise, business, and income tax collections. However, expenditures
in fiscal year 2004 did not increase at the same rate. The result was an increase of $625 million in the General Fund total fund balance.
A majority of the increase in the reserved component was from the Reserve for Unencumbered Balance and the Reserve for Federal Tax
Relief. The largest part of the increase in the unreserved component resulted in the Reserve for Supplemental Appropriations
and the Reserve for Future Requirements.

$

$

$

599,000

223,735
354,105
577,840

$

$

$

1999

(1)

All Other Governmental Funds
Reserved
Unreserved, reported in:
Special revenue funds
Debt service fund
Capital projects fund
Total all other governmental funds

General Fund
Reserved
Unreserved
Total general fund (1), (2)

1998

STATE OF TENNESSEE
FINANCIAL TRENDS - FUND BALANCES
GOVERNMENTAL FUNDS
LAST TEN FISCAL YEARS
(modified accrual basis of accounting, expressed in thousands)

1,061,503

50

1,061,453

693,371
658,055
1,351,426

2004

$

$

$

$

1,307,462

50

1,307,412

594,405
737,779
1,332,184

2005

$

$

$

$

345,143
5,377
49,749
1,566,803

1,166,534

960,229
1,070,124
2,030,353

2006

$

$

$

$

569,041
5,398
123,205
1,777,316

1,079,672

1,143,163
1,549,399
2,692,562

2007

Schedule 3

197
230,406

(1)

99,911

(932,585)
$

$

380,565

(1,081,732)

472,275
(1,619,425)

263,146
(197,728)

1,462,297

13,541,641

70,866

123,783

330,255
2,947,577
7,446,923
872,353
429,389
49,325
1,271,170

15,003,938

7,343,069
205,031
53,819
5,537,353
1,512,483
352,183

2000

$

$

The increase in expenditures in the Education function between 2001 and 2002 resulted primarily from implementing
GASB Statement 34. Amounts reported as a transfer to component units in fiscal year 2001 were recorded as
expenditures in fiscal year 2002.

Debt Service as a Percentage of
Noncapital Expenditures

(905,939)

(205,624)
565,885
(1,693,625)

1,522
207,085

2,124

1,032,496

253,150
(60,978)

Net Change in Fund Balances

105,889
12,437,248

171,600
(62,000)

Total other financing sources (uses)

1,136,345

11,639,366

121,651

111,530

100,556

13,469,744

6,783,904
191,095
47,683
5,124,273
1,282,634
40,155

345,746
2,859,303
6,596,034
825,010
382,614
46,346
1,164,776

$

$

1999

289,194
2,731,599
6,094,595
742,714
372,119
41,402
1,145,536

12,775,711

6,556,385
174,754
35,977
4,831,199
1,129,859
47,537

545,432
(1,563,095)

$

$

Other Financing Sources (Uses)
Capital lease
Bonds and commercial paper issued
Notes/Commercial paper redeemed
Insurance claim recoveries
Premium on bond sale
Refunding bonds issued
Refunding bond premium
Refunding payment to escrow
Transfers in
Transfers out

Revenues over (under) expenditures

Total expenditures

Expenditures
Current:
General government
Education (1)
Health and social services
Law, justice, and public safety
Recreation and resources development
Regulation of business and professions
Transportation
Intergovernmental revenue sharing
Debt service:
Principal
Interest
Debt issuance costs
Capital outlay

Total revenues

Revenues
Taxes
Licenses, fines, fees, and permits
Interest on investments
Federal
Departmental services
Other

1998

126,256

(1,036,254)

567,901
(1,748,989)

586

$

$

0.6720%

(558,448)

(641)

766,097
(787,813)

5,149

168,017
(152,091)

(557,807)

17,520,136

68,304
54,121
1,282
145,590

358,523
4,218,637
9,250,026
914,307
446,137
65,040
1,311,654
686,515

16,962,329

7,718,442
460,920
36,618
6,694,648
1,607,251
444,450

$

$

0.6937%

104,072

62,786

679,743
(708,252)

95,195
(3,900)

41,286

18,910,449

78,108
47,964
650
132,949

392,747
4,432,071
10,342,682
970,042
442,915
71,109
1,357,941
641,271

18,951,735

8,695,598
480,629
28,429
7,646,384
1,716,159
384,536

$

$

FOR THE FISCAL YEAR ENDED JUNE 30,
2002
2003

223,408
(79,160)

1,162,510

15,554,633

55,679

349,278
3,059,538
8,641,777
897,805
419,423
57,988
1,269,773
681,151
122,221

16,717,143

8,112,402
224,294
92,127
6,184,126
1,748,165
356,029

2001

STATE OF TENNESSEE
FINANCIAL TRENDS - CHANGES IN FUND BALANCES
GOVERNMENTAL FUNDS
LAST TEN FISCAL YEARS
(modified accrual basis of accounting, expressed in thousands)

0.6691%

725,063

26,957

661,064
(691,729)

6,485

206,933
(155,796)

698,106

20,176,445

80,243
49,956
1,945
128,167

400,069
4,630,294
11,308,871
1,042,510
479,243
88,580
1,318,913
647,654

20,874,551

9,357,356
505,538
34,102
8,417,534
2,071,252
488,769

2004

$

$

0.6241%

226,717

450

355,053
31,929
(386,261)
812,886
(866,136)

52,979

226,267

22,115,456

89,474
43,455
2,159
119,730

425,243
5,100,147
12,518,297
1,109,819
491,681
119,620
1,411,906
683,925

22,341,723

9,903,848
540,001
46,222
8,988,687
2,360,891
502,074

2005

$

$

0.6566%

957,510

48,391

733,813
(808,078)

228,409
(109,908)
1,670
2,485

909,119

21,617,892

86,532
49,319
1,082
253,229

530,637
5,353,167
11,273,685
1,216,756
544,744
92,888
1,477,504
738,349

22,527,011

10,573,235
552,937
102,075
8,568,732
2,238,968
491,064

2006

$

$

0.6055%

872,643

13,680

898,244
(983,418)

196,290
(103,498)
4,013
2,049

858,963

22,764,346

81,790
50,363
1,173
343,712

555,545
5,775,363
11,662,476
1,275,402
525,885
134,955
1,541,850
815,832

23,623,309

11,334,640
576,021
178,080
8,763,302
2,233,450
537,816

2007

Schedule 4

198

$

$

$

$

8,111
4,238
12,832
5,864
7,892
366
1,753
20,655
6,169
4,448
72,328

1999

$

$

8,378
4,201
13,013
6,205
8,132
385
1,830
21,494
6,334
4,683
74,655
$

$

8,650
3,957
12,359
6,446
8,095
397
1,785
21,401
6,309
5,135
74,534

N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A

N/A

N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A

N/A

6.00%

1999

N/A

N/A

N/A

N/A
N/A
N/A
N/A
N/A

N/A

N/A

6.00%

2000

8,837
3,652
12,271
6,559
7,619
408
1,777
21,714
6,253
5,721
74,811
$

$

9,428
3,933
12,889
6,902
7,137
433
1,821
22,601
6,265
6,013
77,422

N/A

N/A

N/A

N/A
N/A
N/A
N/A
N/A

N/A

N/A

N/A

N/A

N/A

N/A
N/A
N/A
N/A
N/A

N/A

N/A

6.00%

N/A

8.25%

3.00%

1.00%
3.00%
4.50%
3.75%
3.50%

1.50%

6.00%

7.00%

2.75%

8.25%

N/A

1.00%
3.50%
4.50%
3.75%
7.50%

1.50%

6.00%

7.00%

FOR THE FISCAL YEAR ENDED JUNE 30,
2002
2003
2004

6.00%

2001

$

$

FOR THE CALENDAR YEAR ENDED DECEMBER 31,
2000
2001
2002
2003

STATE OF TENNESSEE
REVENUE CAPACITY - SALES AND USE TAX RATES
LAST TEN FISCAL YEARS
(expressed in thousands)

7,127
4,276
11,287
5,478
7,575
338
1,669
19,149
5,430
3,929
66,258

N/A

$

$

N/A

6.00%

1998

6,665
4,372
11,896
5,220
7,474
335
1,627
18,379
5,492
4,571
66,031

1998

Source: State of Tennessee Budget; Department of Finance and Administration, Division of Budget
Note: N/A - Not applicable because this item was not specifically identified with a rate separate from the general rate.

Rates for specific items or services:
Retail sale of food and food
ingredients for human
consumption (except
vending machines)
Energy fuels used by manufacturers
and nurserymen
Water used by manufacturers
Manufactured homes
Aviation fuel
Common carriers
Interstate telecommunication
services sold to businesses
Aircraft exceeding $100,000
sales price
Cable and wireless TV (between
$15 and $27.50) and
satellite services
Additional tax added to the
general rate for single
article sales of personal
property ($1,601 to $3,200)

General Rate applied to gross proceeds
derived from the retail sale or use
of tangible personal property
and specific services

Source: University of Tennessee Economic Report to the Governor

Auto dealers
Purchases from manufacturers
Miscellaneous durable goods
Eating and drinking places
Food stores
Liquor stores
Hotels and motels
Other retail and service
Miscellaneous nondurable goods
Transportation, communication
Total taxable sales

1997

STATE OF TENNESSEE
REVENUE CAPACITY - TAXABLE SALES BY CLASSIFICATION
LAST TEN CALENDAR YEARS
(expressed in millions)

$

$

2.75%

8.25%

N/A

1.00%
3.50%
4.50%
3.75%
7.50%

1.50%

6.00%

7.00%

2005

9,437
4,152
14,179
7,443
7,215
458
1,881
23,635
6,547
6,405
81,352

2004

$

$

2.75%

8.25%

N/A

1.00%
3.50%
4.50%
3.75%
7.50%

1.50%

6.00%

7.00%

2006

9,421
4,807
15,841
7,947
7,451
495
2,044
25,128
7,049
6,668
86,851

2005

$

$

2.75%

8.25%

N/A

1.00%
3.50%
4.50%
3.75%
7.50%

1.50%

6.00%

7.00%

2007

Schedule 6

9,218
4,717
17,327
8,379
7,688
544
2,173
26,271
7,314
7,392
91,023

2006

Schedule 5

199
4,089,430

Grand Total

Note: N/A means not available.

Source: Revenue Collections Reports, Tennessee Department of Revenue

N/A

61,641

Consumer Use Tax

County Clerk

4,223
7,521
74,192
246,393
40,107
206,784
109,635
267,019
21,581
977,455

208,546
470,447
442,494
527,673
125,404
130,730
312,759
309,938
2,527,991

Non-retail, non-services:
Agriculture, forestry, fishing
Mining
Construction
Manufacturing
Transportation
Communications
Electric, gas, and sanitary services
Wholesale trade
Finance, insurance, real estate
Total non-retail, non-services

$

$

96,925
37,505
175,545
118,805
20,721
12,981
37,955
9,949
11,957
522,343

Building materials
General merchandise
Food stores
Auto dealers and service stations
Apparel and accessory stores
Furniture and home furnishings
Eating and drinking places
Miscellaneous retail stores
Total retail

Hotels and lodging places
Personal services
Business services
Auto repair, services, and parking
Miscellaneous repair services
Motion pictures
Amusement services
Health services
Other services
Total services

Services:

Retail:

1998

$

$

4,285,642

N/A

69,364

4,696
6,752
45,211
241,857
23,280
210,972
117,122
279,024
19,690
948,604

100,535
38,196
191,845
130,392
21,559
14,717
36,503
9,591
12,884
556,222

225,753
494,498
454,136
583,488
136,055
148,101
333,506
335,915
2,711,452

1999

$

$

4,521,057

N/A

75,020

4,829
4,011
50,770
233,960
25,798
247,479
119,574
299,784
19,497
1,005,702

104,569
38,981
185,286
137,716
21,454
15,624
40,149
7,376
13,958
565,113

239,702
529,829
465,827
630,662
134,972
163,763
349,475
360,992
2,875,222

2000

$

$

4,559,405

N/A

76,608

4,797
4,981
40,689
232,558
24,678
257,754
133,325
292,179
14,167
1,005,128

104,794
39,316
184,803
140,215
20,282
16,105
39,660
9,459
20,833
575,467

$

$

4,574,666

N/A

82,391

4,774
4,341
41,851
209,366
5,991
308,184
128,072
243,826
11,998
958,403

102,036
41,982
167,634
137,546
19,809
17,320
41,477
8,951
19,002
555,757

233,385
575,230
465,911
645,670
137,851
162,401
379,566
378,101
2,978,115

$

$

5,324,304

104,786

94,705

5,133
4,126
38,168
236,163
22,856
361,677
149,710
280,882
12,376
1,111,091

118,247
47,623
189,019
153,418
21,914
20,868
45,116
9,137
23,503
628,845

271,969
654,071
478,857
751,167
160,688
189,506
435,505
443,114
3,384,877

$

$

FOR THE FISCAL YEAR ENDED JUNE 30,
2002
2003

224,268
543,088
469,960
622,544
137,616
169,378
362,716
372,632
2,902,202

2001

STATE OF TENNESSEE
REVENUE CAPACITY - SALES AND USE TAX COLLECTIONS BY TAXPAYER CLASSIFICATION
LAST TEN FISCAL YEARS
(expressed in thousands)

5,734,408

4,647

108,781

5,812
5,286
42,275
261,260
26,895
398,105
163,358
321,014
11,396
1,235,401

124,795
51,845
199,677
163,687
23,606
23,244
49,106
10,818
26,747
673,525

328,562
712,426
485,947
820,454
177,017
209,525
486,680
491,443
3,712,054

2004

$

$

5,963,479

5,313

112,753

5,968
5,073
42,640
289,494
36,239
385,544
174,794
349,023
11,037
1,299,812

131,675
49,818
218,799
159,935
24,873
22,851
50,854
11,139
31,025
700,969

363,952
735,074
494,466
815,985
185,683
222,089
518,689
508,694
3,844,632

2005

$

$

6,378,840

7,545

114,767

6,920
5,635
48,540
312,570
42,825
442,837
194,574
418,607
12,899
1,485,407

142,333
49,375
234,810
163,710
27,100
22,282
54,629
11,710
34,282
740,231

405,812 $
767,584
508,497
817,689
194,946
238,475
547,547
550,340
4,030,890

2006

$

6,704,386

5,071

126,081

7,261
6,302
54,075
305,558
46,688
457,116
203,789
451,777
17,830
1,550,396

154,081
51,099
245,387
174,680
28,387
22,178
59,578
13,123
34,400
782,913

423,160
820,549
526,981
856,109
200,131
246,569
585,490
580,936
4,239,925

2007

Schedule 7

200

Population
Net general bonded debt per capita

Personal income
Ratio of total debt to personal income

Ratio of net bonded debt to total of pledged revenues

1,131,909

$

54.88%

992,809
139,100

N/A
N/A

133,620,000
0.85%

1,132,497

$

$

$

Notes:

Source: State of Tennessee Comprehensive Annual Financial Repor
and the University of Tennessee Economic Report to the Governo
(1) N/A - not available because the source did not provide the data
(2) See Schedule 10 for personal income and population data
(3) Details of the state's debt can be found in Note 5H in the basic financial statements

Debt Ratios

General Bonded Debt:
General obligation bonds
General obligation bond anticipation notes
General obligation commercial paper
Total net bonded debt

Debt Ratios

Total primary government debt

26,605
26,605

Business-type activities debt:
General obligation bonds
Total business-type activities debt

966,204
139,100
588
1,105,892

$

Governmental activities debt:
General obligation bonds
General obligation bond anticipation notes
General obligation commercial paper
Capital leases
Total governmental activities debt

1998

$

$

$

$

$

50.01%

1,263,701

1,086,401
177,300

N/A
N/A

140,395,000
0.90%

1,264,244

23,551
23,551

543
1,240,693

1,062,850
177,300

1999

$

$

$

$

$

$

69.48%

248,500
1,252,568

1,004,068

5,689
220

148,834,000
0.84%

1,253,064

20,347
20,347

248,500
496
1,232,717

983,721

2000

$

$

$

$

$

$

60.91%

250,000
1,316,669

1,066,669

5,747
229

154,416,000
0.85%

1,317,231

17,213
17,213

250,000
562
1,300,018

1,049,456

2001

$

$

$

$

$

$

61.03%

110,700
1,259,505

1,148,805

5,790
218

159,173,000
0.79%

1,259,988

13,924
13,924

110,700
483
1,246,064

1,134,881

$

$

$

$

$

$

65.48%

201,800
1,260,401

1,058,601

5,842
216

165,622,000
0.76%

1,261,189

11,070
11,070

201,800
788
1,250,119

1,047,531

FOR THE FISCAL YEAR ENDED JUNE 30,
2002
2003

STATE OF TENNESSEE
DEBT CAPACITY - RATIOS OF OUTSTANDING DEBT BY TYPE
LAST TEN FISCAL YEARS
(expressed in thousands; except for per capita)

$

$

$

$

$

$

70.45%

82,775
1,231,872

1,149,097

5,893
209

174,727,000
0.71%

1,232,880

8,071
8,071

82,775
1,008
1,224,809

1,141,026

2004

$

$

$

$

$

$

73.21%

168,575
1,218,637

1,050,062

5,963
205

184,567,000
0.66%

1,219,866

5,232
5,232

168,575
1,229
1,214,634

1,044,830

2005

$

$

$

$

$

$

75.68%

144,625
1,244,768

1,100,143

6,039
206

195,656,000
0.64%

1,248,387

3,378
3,378

144,625
3,619
1,245,009

1,096,765

2006

$

$

$

$

80.92%

130,824
1,248,846

1,118,022

N/A

N/A

1,252,789

2,534
2,534

130,824
3,943
1,250,255

1,115,488

2007

Schedule 8

201

Legal debt service margin as a percentage
of the debt limit
71.53%

296,211

$

Legal debt service margin

414,106
117,895

$

1998

29.3%
100%
50%
100%

Total net debt service applicable to limit

Debt limit

Gasoline tax
Petroleum products fee
Motor vehicle registration fee
Franchise tax

Calculation of 2007 pledged revenues:

$

$

1,572,654

$

70.11%

295,436

125,924

421,360

1999

612,790
65,312
257,580
636,972

$

Collections for Fiscal Year 2007
All
Portion
Governmental
Pledged
Fund Types

$

$

76.13%

441,720

138,481

580,201

2000

$

$

$

$

75.39%

403,089

131,593

534,682

2001

1,010,622

179,547
65,312
128,791
636,972

Fiscal
Year 2007
Pledged
Amount

$

$

72.28%

370,389

142,075

512,464

$

$

73.09%

402,132

148,079

550,211

$

$

75.16%

434,907

143,702

578,609

FOR THE FISCAL YEAR ENDED JUNE 30,
2002
2003
2004

Legal debt service margin

$

$

73.90%

439,563

155,215

594,778

2005

$

$

76.43%

479,977

148,033

628,010

2006

Legal debt service limit (pledged amount/150%)
Less: 2007 debt service required on all general long-term
debt, including State Loan Program and Facilities Revolving
Fund general obligations bonds

Pledged amount

STATE OF TENNESSEE
DEBT CAPACITY - LEGAL DEBT SERVICE MARGIN INFORMATION
LAST TEN FISCAL YEARS
(expressed in thousands)

$

$

$

$

78.33%

527,773

145,975

673,748

2007

527,773

145,975

673,748

1,010,622

Schedule 9

202

5.3%

23,158

124,699,000

N/A
$
$
4.5%

24,567

133,620,000

N/A

1998

$

Note:

Time periods related to number of employees vary depending on the source.

Source: U.S. Census Bureau,
Tennessee Department of Economic & Community Development,
and the Tennessee Board of Regents

2,741,000

Calendar
Year 2007 (est)

245,968

Number of
Employees

Total

Total State Employment

$
$
4.0%

26,168

148,834,000

$
$
4.6%

26,842

154,416,000

5,747
$
$
5.2%

27,434

159,173,000

5,790

1
2
3
4
5
6
7
8
9
10

Rank

2007

8.97%

1.80%
1.72%
1.17%
1.09%
0.75%
0.57%
0.56%
0.50%
0.42%
0.40%

Percentage
of Total State
Employment

$
$
5.5%

28,377

165,622,000

5,842

FOR THE CALENDAR YEAR ENDED DECEMBER 31,
2001
2002
2003

5,689

2000

STATE OF TENNESSEE
DEMOGRAPHIC AND ECONOMIC INFORMATION - PRINCIPAL EMPLOYERS
CURRENT YEAR AND NINE YEARS AGO

4.0%

25,437

140,395,000

49,271
47,126
32,000
30,000
20,607
15,500
15,309
13,656
11,399
11,100

$

N/A

1999

Federal Government
State Government
Wal-Mart Associates Inc.
Federal Express Inc.
Nashville/Davidson County Metropolitan Government
Kroger Limited Partnership Inc.
Tennessee Board of Regents
Shelby County
Hamilton County
Eastman Chemical Corporation
Martin Marietta Corporation

Employer

Source: Population from www.census.gov
All other from the University of Tennessee Economic Report to the Governor
Note: N/A means not available.

Unemployment rate

$
$

Total personal income

Per capita personal income

Population

1997

STATE OF TENNESSEE
DEMOGRAPHIC AND ECONOMIC INFORMATION
FOR THE LAST TEN CALENDAR YEARS
(expressed in thousands; except per capita)

$
$

5,893
$

7
8
9
5
6

14,091
11,298
4,884
17,500
16,760

2,640,000

Calendar
Year 1998

111,027

3
4

25,126
21,368

Rank

1998

5.6%

31,127

184,567,000

1
2

$

5,963

2005

54,146
40,911

Number of
Employees

5.4%

29,761

174,727,000

2004

$

$

6,039

4.21%

0.53%
0.43%
0.19%
0.66%
0.63%

0.95%
0.81%

2.05%
1.55%

Percentage
of Total State
Employment

Schedule 11

4.5%

32,474

195,656,000

2006

Schedule 10

203
Function

In 2005, in the Department of Human Services,
a TennCare appeals unit, and three new family
assistance service centers were established.

42,644

4,150
979
18,147
10,406
3,718
624
4,620

2001

14,073
19,403

14,111
19,453
122
631

14,056
19,201

Transportation
State highways (in miles)
Bridges, state highways
Facilities
Buildings

14,022
19,169

72

Regulation of business and professions
Machinery and equipment

156,643
1,991

4
210

62
3,282

2001

Recreation and resources development
Acreage of state parks
Machinery and equipment

156,643

2000

19
89
1,728

155,153

1999

Law, justice and public safety
Correctional facilities
Armories
Machinery and equipment

153,380

1998

417
2,014

Number of residential schools
Machinery and equipment

41,530

4,045
941
17,564
10,079
3,681
600
4,620

2000

Health and social services
Buildings
Machinery and equipment

Education

General government
Motor pool vehicles
Buildings
Machinery and equipment

(1)

41,344

4,123
943
17,327
9,836
3,734
590
4,791

1999

43,393

4,114
955
18,852
10,681
3,586
646
4,559

2002

43,727

4,163
966
19,144
10,569
3,689
668
4,528

2003

14,107
19,453
120
629

59

158,252
1,884

19
90
1,739

397
1,916

4
167

7,587
62
3,233

2002

14,107
19,493
120
671

68

158,581
2,093

19
90
1,882

391
1,973

4
223

7,701
61
3,581

2003

STATE OF TENNESSEE
OPERATING INFORMATION - CAPITAL ASSET STATISTICS BY FUNCTION
FOR THE LAST TEN FISCAL YEARS

40,817

Total

Source: Department of Personnel

4,076
918
17,195
9,547
3,690
589
4,802

1998

General government
Education
Health and social services (1)
Law, justice and public safety
Recreation and resources development
Regulation of business and professions
Transportation

Function

STATE OF TENNESSEE
OPERATING INFORMATION - FULL TIME EMPLOYEES BY FUNCTION
FOR THE LAST TEN FISCAL YEARS

14,289
19,621
120
682

82

158,723
2,185

19
86
2,009

388
1,964

4
228

7,785
61
3,861

2004

44,116

4,254
1,014
19,255
10,691
3,762
680
4,460

2004

14,151
19,646
122
710

93

164,251
2,295

19
86
2,352

342
2,031

4
244

6,689
108
3,634

2005

45,704

4,394
1,028
20,431
10,922
3,757
718
4,454

2005

14,163
19,432
122
713

104

164,399
2,476

19
86
2,532

340
2,142

4
219

7,067
107
3,637

2006

46,961

4,671
1,025
21,246
10,987
3,846
738
4,448

2006

13,835
19,515
122
717

138

164,537
2,543

19
86
2,586

339
2,303

4
209

7,276
107
3,586

2007

Schedule 13

47,126

4,964
1,070
21,208
10,843
3,885
776
4,380

2007

Schedule 12

204

Function

14,941
387,740
1,117,220

795,764
4,039
31,060,240
104

Law, justice and public safety
Correctional institutions average daily census
Department of Safety citations issued
Drivers licenses issued

Recreation and resources development
Hunting/fishing licenses and boats registered
Wetland acres acquired
Number of visitors to state parks
Air pollution monitoring sites

Notes:

(2)
(3)
(4)
(5)

2,443

13,591
6,841

2,694

17,982
5,300

803,201
2,426
31,833,942
107

15,712
377,161
1,200,000

Children who are abused/dependent, neglected, delinquent, and unruly.
Amounts are reported on a calendar year basis; the 2007 amount is through August 2007.
Population figures used in calculating percentages are from schedule 10.
Blank lines indicate that data is unavailable.

(1) Tennessee does not tax employment income.

Source: Tennessee fact book, various state agencies

Transportation
Lane miles resurfaced (3)
HELP program services provided

Regulation of business and professions
Fire safety inspections
Consumer affairs written complaints

934

146,928

188,490
11,755

1,332,300
517,900

1,281,200
640,300

885

1,589
967,556
44,597

1,575
978,438
43,533

11,859

2,075,559
10,996
5.22%
426,098

1999

5.64%
730,947

1,970,870

1998

Health and social services
TennCare enrollees
Food stamp recipients
Percentage of population (4)
Temporary assistance recipients
Percentage of population (4)
Children in state custody (2)
Percentage of population (4)
Mental health institutes average daily census

General government
Tax returns processed (1)
New corporate charters registered
Investment return on total portfolio
Residential and commercial property reappraisals
completed
Education
Number of public schools (K-12)
Enrollment of public schools (K-12)
Number of high school graduates from
public schools

2,412
50,451

15,189
5,111

761,689
7,160
30,182,137
109

16,547
406,523
1,261,467

1,340,500
496,435
8.73%
144,393
2.54%
11,217
0.20%
928

1,611
992,031
45,825

2,077,000
11,471
5.66%
130,668

2000

2,748
85,267

20,087
5,017

735,941
10,873
28,824,110
104

16,920
415,928
1,402,735

1,445,900
504,443
8.78%
153,845
2.68%
10,819
0.19%
985

1,623
984,015
44,873

2,148,643
12,162
5.94%
1,435,746

2001

3,483
150,086

12,574
4,660

722,949
4,798
28,821,110
99

17,372
415,030
1,281,106

1,428,600
578,144
9.99%
163,840
2.83%
10,259
0.18%
941

1,646
958,496
44,622

2,125,072
11,716
2.67%
475,539

2002

STATE OF TENNESSEE
OPERATING INFORMATION - OPERATING INDICATORS
FOR THE LAST TEN FISCAL YEARS

2,194
123,809

718,307
74,831
26,878,838
92

18,170
388,356
1,271,141

1,287,600
692,300
11.85%
68,300
1.17%
10,345
0.18%
958

1,659
973,170
48,341

1,999,458
11,563
1.64%
256,916

2003

2,238
137,615

41,402
4,747

723,305
6,369
26,702,434
91

19,117
423,305
1,334,417

1,336,700
791,695
13.43%
73,158
1.24%
10,869
0.18%
960

1,677
973,626
50,203

2,225,891
11,826
1.11%
265,373

2004

2,351
148,805

733,554
782
27,604,112
86

19,141
453,630
1,351,241

1,213,800
833,687
13.98%
72,676
1.22%
10,467
0.18%
888

1,693
976,574
51,436

2,013,809
12,103
2.12%
1,441,168

2005

1,541
154,362

18,418
5,528

690,426 (est.)
3,308 (est.)
28,859,399
87

19,119
472,465
1,711,655

1,187,500
870,304
14.41%
70,108
1.16%
9,700
0.16%
845

1,699
991,489
53,960

2,398,453
11,807
4.11%
554,798

2006

2,408
128,006

34,976
5,420

718,397 (est.)
891 (est.)
29,408,099
86

20,518 (est.)
403,363
1,632,164

808

9,048

64,684

1,191,233
861,979

1,714
925,898
54,191

2,502,248
11,726
5.30%
336,050

2007

Schedule 14

205

$

$

1998
1999
2000
2001
2002
2003
2004
2005
2006
2007

Fiscal
Year

$

57,826 $
64,652
64,386
59,516
65,342
68,805
77,570
77,284
79,200
80,825

Total Fees
and Charges

20,420 $
23,188
24,288
26,555
33,157
36,201
33,058
34,012
39,907
43,904

Total Fees
and Charges

East Tennessee State University

1998
1999
2000
2001
2002
2003
2004
2005
2006
2007

Fiscal
Year

559,661 $
622,109
410,086
401,918
438,956
413,632
417,191
448,955
484,786
532,582

Total Fees
and Charges

Austin Peay State University

1998
1999
2000
2001
2002
2003
2004
2005
2006
2007

Fiscal
Year

University of Tennessee

67,202
70,814
72,837 $
75,937
77,965
79,735
79,247
83,221
86,173
91,709

Legislative
Appropriations

25,559 $
27,444
28,001
28,051
30,484
31,100
30,712
32,216
32,684
34,977

Legislative
Appropriations

367,938 $
373,207
375,872
408,671
406,146
409,612
406,033
430,412
440,014
471,730

Legislative
Appropriations

-

$

48 $
48
48
48
48
48
48

75
66
56
45

21 $
21
21
21
21

258
261
261
319
315
312
2,242
2,070

Prior and Subordinate
Debt Service Requirements
(Non-Authority)

-

Prior and Subordinate
Debt Service Requirements
(Non-Authority)

-

Prior and Subordinate
Debt Service Requirements
(Non-Authority)

1,597
1,588
1,743
1,954
1,916
2,608
2,609
2,824
2,221
2,895

Debt Service
Requirements
(Authority Bonds)

641
672
651
649
649
1,516
1,515
2,242
2,104
2,253

Debt Service
Requirements
(Authority Bonds)

26,891
28,657
24,431
16,872
18,628
24,804
24,508
25,317
23,896
26,652

Debt Service
Requirements
(Authority Bonds)

(expressed in thousands)

$

80,625
93,593
102,186
114,031
120,196
127,638
128,880
134,065
148,290
154,742

Total Fees
and Charges
$

$

62,814
70,530
78,317
86,328
62,437
71,185
84,404
86,644
96,307
98,470

Total Fees
and Charges

1998
1999
2000
2001
2002
2003
2004
2005
2006
2007

Fiscal
Year
$

39,141
46,423
52,156
54,979
45,119
57,939
53,840
55,752
59,094
60,841

Total Fees
and Charges

Tennessee State University

1998
1999
2000
2001
2002
2003
2004
2005
2006
2007

Fiscal
Year

$

$

Middle Tennessee State University

1998
1999
2000
2001
2002
2003
2004
2005
2006
2007

Fiscal
Year

University of Memphis

32,052
35,597
36,337
34,843
35,067
39,040
40,621
42,305
44,939
55,719

Legislative
Appropriations

64,469
70,576
73,273
76,159
77,990
82,144
81,057
85,305
86,971
94,005

Legislative
Appropriations

89,924
93,576
94,289
97,499
99,786
102,139
100,602
106,393
108,395
116,006

Legislative
Appropriations

STATE OF TENNESSEE
SCHEDULE OF FEES/CHARGES, LEGISLATIVE APPROPRIATIONS AND DEBT SERVICE
COMPONENT UNITS
COLLEGE AND UNIVERSITY FUNDS
FOR THE LAST TEN FISCAL YEARS

$

-

Prior and Subordinate
Debt Service Requirements
(Non-Authority)

-

Prior and Subordinate
Debt Service Requirements
(Non-Authority)

-

Prior and Subordinate
Debt Service Requirements
(Non-Authority)

135
66
66
66

Debt Service
Requirements
(Authority Bonds)

1,668
1,872
3,357
4,886
5,472
6,537
6,540
6,937
6,455
7,875

Debt Service
Requirements
(Authority Bonds)

2,889
2,991
3,054
2,353
3,777
6,334
6,291
5,609
4,993
6,013

1,157
1,257
1,470
2,056
2,193
3,137
3,136
3,001
2,893
2,911
(continued on next page)

$

$

$

Debt Service
Requirements
(Authority Bonds)

Schedule 15

206

$

28,831 $
31,616
33,791
37,065
41,311
53,518
47,194
44,801
48,903
52,390

Total Fees
and Charges

$

9,818 $
10,453
11,074
11,650
12,380
13,428
11,937
12,306
19,084
15,608

Total Fees
and Charges

1998
1999
2000
2001
2002
2003
2004
2005
2006
2007

Fiscal
Year

$

3,424 $
2,484
3,726
3,952
3,213
3,191
4,085
3,324
3,714
4,215

Total Fees
and Charges

Cleveland State Community College

1998
1999
2000
2001
2002
2003
2004
2005
2006
2007

Fiscal
Year

7,977
8,519
8,843
9,072
9,422
9,338
9,176
9,706
9,812
10,705

Legislative
Appropriations

18,589 $
19,602
20,234
20,684
21,233
21,108
20,979
21,977
22,336
23,697

Legislative
Appropriations

37,699
39,259
38,938
43,568
40,392
45,813
40,165
47,869
48,503
51,042

Legislative
Appropriations

Chattanooga State Technical Community College

1998
1999
2000
2001
2002
2003
2004
2005
2006
2007

Fiscal
Year

Tennessee Technological University

(continued from previous page)

-

Prior and Subordinate
Debt Service Requirements
(Non-Authority)

-

Prior and Subordinate
Debt Service Requirements
(Non-Authority)

-

Prior and Subordinate
Debt Service Requirements
(Non-Authority)

$

68
69
72
69 $
70
60
65

$

-

Debt Service
Requirements
(Authority Bonds)

-

Debt Service
Requirements
(Authority Bonds)

169

34
73
73
73
73
69
280

1,150
1,145
1,075
844
639
415
897
1,168
1,042
1,242

Debt Service
Requirements
(Authority Bonds)

(expressed in thousands)

$

2,534
2,859
2,918
3,127
2,349
2,514
3,057
3,087
3,550
3,026

Total Fees
and Charges
$

$

3,749
3,915
4,350
2,763
5,043
4,979
5,649
5,908
6,224
14,821

Total Fees
and Charges
$

1998
1999
2000
2001
2002
2003
2004
2005
2006
2007

Fiscal
Year
$

5,753
6,615
6,836
7,294
13,136
14,921
10,799
12,133
13,027
13,829

Total Fees
and Charges
$

9,069
10,143
10,675
11,016
11,437
11,540
11,344
12,839
12,731
13,710

Legislative
Appropriations

8,343
9,028
9,417
10,210
10,477
10,768
10,610
11,282
11,480
12,553

Legislative
Appropriations

5,125
5,466
5,666
5,809
5,579
6,108
6,035
6,386
6,490
7,255

Legislative
Appropriations

Columbia State Community College

1998
1999
2000
2001
2002
2003
2004
2005
2006
2007

Fiscal
Year

Jackson State Community College

1998
1999
2000
2001
2002
2003
2004
2005
2006
2007

Fiscal
Year

Dyersburg State Community College

STATE OF TENNESSEE
SCHEDULE OF FEES/CHARGES, LEGISLATIVE APPROPRIATIONS AND DEBT SERVICE
COMPONENT UNITS
COLLEGE AND UNIVERSITY FUNDS
FOR THE LAST TEN FISCAL YEARS

-

Prior and Subordinate
Debt Service Requirements
(Non-Authority)

-

Prior and Subordinate
Debt Service Requirements
(Non-Authority)

-

Prior and Subordinate
Debt Service Requirements
(Non-Authority)

117

17
17
17

168

Debt Service
Requirements
(Authority Bonds)

-

Debt Service
Requirements
(Authority Bonds)

(continued on next page)

$

$

$

-

Debt Service
Requirements
(Authority Bonds)

Schedule 15

207

$

$

6,268 $
6,940
7,565
7,697
8,589
9,532
7,473
7,890
8,858
8,822

Total Fees
and Charges

1998
1999
2000
2001
2002
2003
2004
2005
2006
2007

Fiscal
Year

$

9,837 $
9,991
10,838
18,325
19,022
21,839
16,472
16,749
18,166
22,042

Total Fees
and Charges

Southwest Tennessee Community College

1998
1999
2000
2001
2002
2003
2004
2005
2006
2007

Fiscal
Year

7,275 $
9,227
9,663
9,648
9,759
9,937
9,173
12,184
9,861
16,152

Total Fees
and Charges

Roane State Community College

1998
1999
2000
2001
2002
2003
2004
2005
2006
2007

Fiscal
Year

Motlow State Community College

(continued from previous page)

17,898
18,527
18,464
34,451
35,175
34,827
34,191
36,210
36,905
38,723

Legislative
Appropriations

13,441
14,254
14,879
15,524
15,771
15,779
15,518
16,471
16,933
17,892

Legislative
Appropriations

7,390
7,883
8,187
8,405
8,864
9,041
8,893
9,489
9,585
10,446

Legislative
Appropriations

-

Prior and Subordinate
Debt Service Requirements
(Non-Authority)

-

Prior and Subordinate
Debt Service Requirements
(Non-Authority)

-

Prior and Subordinate
Debt Service Requirements
(Non-Authority)

$

$

$

-

Debt Service
Requirements
(Authority Bonds)

-

Debt Service
Requirements
(Authority Bonds)

-

Debt Service
Requirements
(Authority Bonds)

56
146
146
179
179
179
169
174

330

171

(expressed in thousands)

$

6,260
6,816
7,474
8,322
8,254
13,519
12,202
13,955
15,615
15,828

Total Fees
and Charges
$

9,864
11,092
11,655
12,168
12,525
13,099
12,730
13,449
14,045
15,185

Legislative
Appropriations

$

3,494
3,910
4,341
4,817
4,066
4,478
5,508
5,949
6,342
8,410

Total Fees
and Charges
$

8,166
8,713
9,026
9,595
9,864
10,669
10,514
11,084
11,275
12,388

Legislative
Appropriations

1998
1999
2000
2001
2002
2003
2004
2005
2006
2007

Fiscal
Year
$

14,403
16,162
16,623
18,779
21,648
22,727
25,818
27,694
29,979
26,825

Total Fees
and Charges
$

15,444
16,630
17,144
17,596
18,185
18,345
18,096
19,039
19,348
20,765

Legislative
Appropriations

Pellissippi State Technical Community College

1998
1999
2000
2001
2002
2003
2004
2005
2006
2007

Fiscal
Year

Northeast State Technical Community College

1998
1999
2000
2001
2002
2003
2004
2005
2006
2007

Fiscal
Year

Nashville State Technical Community College

STATE OF TENNESSEE
SCHEDULE OF FEES/CHARGES, LEGISLATIVE APPROPRIATIONS AND DEBT SERVICE
COMPONENT UNITS
COLLEGE AND UNIVERSITY FUNDS
FOR THE LAST TEN FISCAL YEARS

$

-

Prior and Subordinate
Debt Service Requirements
(Non-Authority)

-

Prior and Subordinate
Debt Service Requirements
(Non-Authority)

-

Prior and Subordinate
Debt Service Requirements
(Non-Authority)

121
114
131

-

13
13
13
13
13

212

293

Debt Service
Requirements
(Authority Bonds)

-

Debt Service
Requirements
(Authority Bonds)

(continued on next page)

$

$

$

-

Debt Service
Requirements
(Authority Bonds)

Schedule 15

208

$

13,046 $
15,088
17,843
15,567
15,060
12,941
9,395
19,115
19,245
10,460

Total Fees
and Charges

Source: Comptroller of the Treasury,
Division of Bond Finance

1998
1999
2000
2001
2002
2003
2004
2005
2006
2007

Fiscal
Year

Volunteer State Community College

(continued from previous page)

13,232
14,323
14,947
15,394
15,862
15,813
15,417
18,049
17,479
18,175

Legislative
Appropriations
-

Prior and Subordinate
Debt Service Requirements
(Non-Authority)

$

-

Debt Service
Requirements
(Authority Bonds)

17
17
140

(expressed in thousands)

1998
1999
2000
2001
2002
2003
2004
2005
2006
2007

Fiscal
Year
$

8,350
8,408
9,001
10,170
17,832
20,031
20,827
21,318
28,946
36,511

Total Fees
and Charges
$

Walters State Community College

13,132
14,265
14,767
15,173
15,595
16,045
15,821
16,780
16,999
18,394

Legislative
Appropriations

STATE OF TENNESSEE
SCHEDULE OF FEES/CHARGES, LEGISLATIVE APPROPRIATIONS AND DEBT SERVICE
COMPONENT UNITS
COLLEGE AND UNIVERSITY FUNDS
FOR THE LAST TEN FISCAL YEARS

-

Prior and Subordinate
Debt Service Requirements
(Non-Authority)

$

-

Debt Service
Requirements
(Authority Bonds)

294

Schedule 15

STATE OF TENNESSEE
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
Service
Fees

Institution
University of Tennessee- Knoxville
University of Tennessee- Chattanooga
University of Tennessee- Martin
University of Tennessee- Memphis
Austin Peay State University
East Tennessee State University
Middle Tennessee State University
Tennessee State University
Tennessee Technological University
University of Memphis
Chattanooga State Technical Community College
Cleveland State Community College
Columbia State Community College
Dyersburg State Community College
Jackson State Community College
Motlow State Community College
Nashville State Technical Community College
Northeast State Technical Community College
Pellissippi State Technical Community College
Roane State Community College
Southwest Tennessee Community College
Volunteer State Community College
Walters State Community College

$

In-State
Student
Tuition

74 $
220
174
54
274
180
0
178
58

30

Non-Resident
Student
Tuition

5,932 $
5,062
5,005
6,196
5,238
4,887
5,278
4,856
4,980
5,802
2,641
2,627
2,605
2,635
2,617
2,623
2,589
2,625
2,657
2,645
2,679
2,625
2,627

18,174 $
15,024
15,045
18,672
15,514
14,365
15,554
15,162
15,256
16,630
9,711
9,723
9,440
9,711
9,684
9,699
9,440
9,702
9,732
6,984
9,701
9,665
9,702

Schedule 16

Average
Board
Charge

Average
Room
Charge

2,866 $
2,990
2,396
2,110
2,278
2,258
2,220
3,320
2,000

3,260
6,450
2,160
3,555
3,400
2,272
3,726
2,982
3,410
3,280

Source: Comptroller of the Treasury,
Division of Bond Finance

STATE OF TENNESSEE
PRINCIPAL AMOUNT OF DEBT OUTSTANDING BY INSTITUTION
COMPONENT UNITS
COLLEGE AND UNIVERSITY FUNDS
JUNE 30, 2007
First
Program
Bonds

Institution
University of Tennessee
Austin Peay State University
East Tennessee State University
Middle Tennessee State University
Tennessee State University
Tennessee Technological University
University of Memphis
Chattanooga State Technical Community College
Cleveland State Community College
Columbia State Community College
Dyersburg State Community College
Jackson State Community College
Motlow State Community College
Nashville State Technical Community College
Northeast State Technical Community College
Pellissippi State Technical Community College
Roane State Community College
Southwest Tennessee Community College
Volunteer State Community College
Walters State Community College

$

6,885 $
81
186
730
48
92

$

8,022 $

Second
Program
Bonds

Commercial
Paper

274,342 $
35,480
31,232
89,001
37,045
11,282
53,546
1,050
466
106
320
461
471
55
913
1,489
2,071
1,347
440
1,584

77,582 $
969
29,060
35,326
925
4,538
1,911
2,288

542,701 $

153,379 $

Schedule 17

Non-Authority
Debt
45 $
2,070

780

Source: Comptroller of the Treasury,
Division of Bond Finance

209

2,115 $

Total
Debt
358,854
36,449
62,443
124,513
38,700
15,868
55,549
3,338
466
106
320
461
471
835
913
1,489
2,071
1,347
440
1,584
706,217

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 Authority
Outstanding 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 1—Changes in Net Assets
Schedule 2—Net Assets by Component
Schedule 3—Fund Balances of Governmental Funds
Schedule 4—Changes in Fund Balances
Schedule 5—Taxable Sales by Classification
Schedule 6—Sale and Use Tax Rates
Schedule 7—Sales and Use Tax Collections by Taxpayer Classification
Schedule 8—Ratios of Outstanding Debt by Type
Schedule 9—Legal Debt Margin Information
Schedule 10—Demographic and Economic Information

194
195
196
197
198
198
199
200
201
202

Component Units
Schedule 15—Higher Education Fees, Charges, Legislative Appropriations and Debt Service
Schedule 16—Higher Education Student Fees and Charges
Schedule 17—Principal Amount of Debt Outstanding by Institution

210

205
209
209