Mary S. Parrott
Chief Financial Officer
140 Stonewall Avenue West
Fayetteville, Georgia 30214
Hours: 8 a.m. - 5 p.m. Monday - Friday
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It is the goal of Fayette County to maintain high standards of excellence in financial reporting and budgeting to support the ongoing delivery of government services to its customers and constituency.
The mission of Finance is to provide timely, accurate, relevant, and accessible financial data, services, analysis, and guidance to our customers and to promote confidence in these products as sound foundations for effective management of County resources.
The Finance Department will transition Fayette County into a more efficient Government by enhancing business financial reporting and budget analysis, converting to automated financial systems, increasing efficiency, measuring performance, and integrating financial systems into daily operations.
Placing Fayette County among the top 1 percent of counties nationwide. Fayette County, Georgia, June 13, 2014 – Standard and Poor's has upgraded its rating on Fayette County's general obligation bonds from AA+ to the highest rating possible: AAA. According to a press release from Standard and Poor's: "Standard & Poor' Ratings Services raised its rating on Fayette County Public Facilities Authority, Ga.'s general obligation equivalent bonds outstanding to 'AAA' from 'AA+' based on the application of our local GO criteria released September 12, 2013. The outlook is stable."
“In our view, despite three years of drawdowns from 2011-2013… management has since demonstrated a willingness to make budget adjustments to restore structural balance and stabilize performance in fiscal 2014. We believe the county’s very strong management conditions with strong financial policies and practices and limited additional debt needs provide stability to the rating. For these reasons, we do not anticipate lowering our rating during the two-year outlook horizon.”<
"The AAA rating will save taxpayers money in the form of reduced interest expense on the bonds that the County issues going forward," said Mary Parrott, Fayette County Chief Financial Officer. "This action by S&P continues to demonstrate that investors have the highest level of confidence in the county’s financial management and its economic outlook."
Commission Chairman Steve Brown said, "The bond ratings have a significant positive impact on the cost of borrowing money for needed improvements, and I'm glad we're able to save money through lower interest costs over the coming years. Affirmation of our ratings is solid evidence of Fayette County's financial stability as we navigate today's difficult financial and economic conditions."
“Our better choices have led to better results. And today, Fayette County has secured its position as one of only four counties in Georgia to earn the distinction of a Triple AAA rating. Our Finance Department, Directors and Constitutional Officers are to be commended for all working together over these past two years," said County Manager Steve Rapson. "We have achieved something few counties in the nation have been able to accomplish. The triple-A ratings is a strong statement of our county’s record of financial stewardship and governance. It is a testament to the work we do to manage our limited resources, leveraging what we have to focus on delivering services to our residents."