Georgia County Government - 2018 Member Services Guide - 26

ACCG
ACCG MEMBER SERVICES

Equipment
Leasing
Program
By Brent Williams
Customer Relations Director
ACCG

ARE YOU PLANNING or do you need to
plan major purchases, such as the replacement
of law enforcement vehicles, public works
equipment or computer upgrades? Are
you concerned that current cash flows are
insufficient to avoid millage rate increases?
Are you unsure of the state laws governing the
limitations of local government debt?
Avoid the extensive paperwork and additional
meetings by using the ACCG Leasing Program
for your equipment purchases.
Fire trucks, public safety vehicles and public
works equipment must all be replaced or the
dependability declines and the cost of repairs
soar. We can plan for these purchases as we
know the annual mileage driven and/or use
so we can calculate the life span. Computer
equipment and computer software will also
need to be upgraded and replaced as it can
very quickly become obsolete. State laws place
limitations on the amount, type and length of debt
that can be incurred by county governments.
Most counties find themselves in a position of
not wanting to use their cash balances to make
long-term purchases or simply not having cash
balances to be used. A Tax Anticipation Note, or
TAN, must be paid off completely by December
31. If refinanced each year, a TAN will have a
different interest rate and can create unknown
future interest costs. While this is a great option
26

for short-term debt, it is not the best financing
option for long-term purchases.
Leasing can be a very economical and
competitive way to finance large or small
equipment purchases. Through ACCG's
Equipment Leasing Program, Georgia
counties are in a position to easily finance
the purchase of equipment without the
difficulties often encountered while
incurring long term-debt. The program may
be used to obtain all types of equipment,
such as 911 telecommunications systems,
safety and other vehicles, computers,
and road maintenance equipment, making
"paying-over-time" financing a viable option.
This also allows for taking advantage of
"prepayment discounts" which are often
offered to counties when purchasing large
ticket items. Due to the low cost and ease of
use, this program has been used to finance
purchases of less than $20,000 to multimillion-dollar purchases. This financing
option was designed and created for our
members in order to streamline their longterm purchasing needs by utilizing the
Section 115 tax status of ACCG. Your property
is leased through ACCG using one of many
commercial lenders who compete for your
business. It works very similar to normal
long-term financing with payments made

monthly, quarterly or annually. The county
simply chooses the payment option that
works best for their operating cash flow.
To keep administrative and financing costs
low, the program offers an easy to complete,
simple one-page application with standard
closing documents. The county's completed
application, along with the county's quote for
the equipment, is forwarded by ACCG to banks
who compete for the opportunity to finance
local government purchases. Through the
program, participating banks agree to use
ACCG's leasing documents and compete to
offer the needed financing, helping to ensure
competitive financing rates. Banks submit their
bids to ACCG within 10 days and the bids are
forwarded to the county for their review and
consideration. The county is under no obligation
to use the program and may choose to pay cash
or use another form of financing. If accepted,
the documents are reviewed by ACCG's legal
counsel as well as the county attorney. The
county can then draw the funds as needed
in order to accept delivery of vehicles and
upgrades that are often scheduled over a
period of months. During the lease, the county
insures and maintains the equipment the same
as with any other county owned property.
The bank holds the title to the equipment
purchased and after the debt is retired, the
Georgia County Government



Table of Contents for the Digital Edition of Georgia County Government - 2018 Member Services Guide

ACCG District Map
ACCG Area Map
President’s Message
Director’s Desk
ACCG Board of Managers
ACCG Boards of Trustees and Directors
ACCG Staff
ACCG Insurance Programs
ACCG Technical Assistance
ACCG Equipment Leasing Program
ACCG Retirement Services
ACCG Partners Program Overview
Coast2Coast
Dude Solutions
Gas South
Georgia United Credit Union
GovDeals
Municode
U.S. Communities
ACCG Partners Alpha Listing
ACCG Partners Specialty Area Listing
Professional Directory Marketplace
Index of Advertisers
Advertisers.com
Georgia County Government - 2018 Member Services Guide - Intro
Georgia County Government - 2018 Member Services Guide - cover1
Georgia County Government - 2018 Member Services Guide - cover2
Georgia County Government - 2018 Member Services Guide - 3
Georgia County Government - 2018 Member Services Guide - 4
Georgia County Government - 2018 Member Services Guide - 5
Georgia County Government - 2018 Member Services Guide - 6
Georgia County Government - 2018 Member Services Guide - 7
Georgia County Government - 2018 Member Services Guide - ACCG District Map
Georgia County Government - 2018 Member Services Guide - ACCG Area Map
Georgia County Government - 2018 Member Services Guide - 10
Georgia County Government - 2018 Member Services Guide - President’s Message
Georgia County Government - 2018 Member Services Guide - Director’s Desk
Georgia County Government - 2018 Member Services Guide - ACCG Board of Managers
Georgia County Government - 2018 Member Services Guide - 14
Georgia County Government - 2018 Member Services Guide - 15
Georgia County Government - 2018 Member Services Guide - 16
Georgia County Government - 2018 Member Services Guide - ACCG Boards of Trustees and Directors
Georgia County Government - 2018 Member Services Guide - ACCG Staff
Georgia County Government - 2018 Member Services Guide - 19
Georgia County Government - 2018 Member Services Guide - 20
Georgia County Government - 2018 Member Services Guide - 21
Georgia County Government - 2018 Member Services Guide - ACCG Insurance Programs
Georgia County Government - 2018 Member Services Guide - 23
Georgia County Government - 2018 Member Services Guide - ACCG Technical Assistance
Georgia County Government - 2018 Member Services Guide - 25
Georgia County Government - 2018 Member Services Guide - ACCG Equipment Leasing Program
Georgia County Government - 2018 Member Services Guide - 27
Georgia County Government - 2018 Member Services Guide - ACCG Retirement Services
Georgia County Government - 2018 Member Services Guide - 29
Georgia County Government - 2018 Member Services Guide - ACCG Partners Program Overview
Georgia County Government - 2018 Member Services Guide - Coast2Coast
Georgia County Government - 2018 Member Services Guide - 32
Georgia County Government - 2018 Member Services Guide - 33
Georgia County Government - 2018 Member Services Guide - Dude Solutions
Georgia County Government - 2018 Member Services Guide - 35
Georgia County Government - 2018 Member Services Guide - Gas South
Georgia County Government - 2018 Member Services Guide - 37
Georgia County Government - 2018 Member Services Guide - Georgia United Credit Union
Georgia County Government - 2018 Member Services Guide - 39
Georgia County Government - 2018 Member Services Guide - GovDeals
Georgia County Government - 2018 Member Services Guide - 41
Georgia County Government - 2018 Member Services Guide - Municode
Georgia County Government - 2018 Member Services Guide - 43
Georgia County Government - 2018 Member Services Guide - U.S. Communities
Georgia County Government - 2018 Member Services Guide - 45
Georgia County Government - 2018 Member Services Guide - 46
Georgia County Government - 2018 Member Services Guide - ACCG Partners Alpha Listing
Georgia County Government - 2018 Member Services Guide - 48
Georgia County Government - 2018 Member Services Guide - 49
Georgia County Government - 2018 Member Services Guide - 50
Georgia County Government - 2018 Member Services Guide - 51
Georgia County Government - 2018 Member Services Guide - ACCG Partners Specialty Area Listing
Georgia County Government - 2018 Member Services Guide - Professional Directory Marketplace
Georgia County Government - 2018 Member Services Guide - Advertisers.com
Georgia County Government - 2018 Member Services Guide - cover3
Georgia County Government - 2018 Member Services Guide - cover4
http://www.nxtbook.com/naylor/ACGA/ACGA0119
http://www.nxtbook.com/naylor/ACGA/ACGA0018
http://www.nxtbook.com/naylor/ACGA/ACGA0118
http://www.nxtbook.com/naylor/ACGA/ACGA0017
http://www.nxtbook.com/naylor/ACGA/ACGA0117
http://www.nxtbook.com/naylor/ACGA/ACGA0016
http://www.nxtbook.com/naylor/ACGA/ACGA0116
http://www.nxtbook.com/naylor/ACGA/ACGA0015
http://www.nxtbookMEDIA.com