Technical College System of Georgia, review report for fiscal year ended 2018 June 30

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Collection:: Georgia Government Publications
Serial:: Technical College System of Georgia, review report for fiscal year ended ...
Title:: Technical College System of Georgia, review report for fiscal year ended 2018 June 30
Contributor to Resource:: Georgia. Department of Audits and Accounts, issuing body.
Publisher:: Atlanta, Georgia : Georgia Department of Audits and Accounts
Date of Original:: 2019-02-06
Subject:: Technical College System of Georgia--Appropriations and expenditures--Periodicals.
Technical education--Georgia--Auditing--Periodicals.
Technical education--Georgia--Finance--Statistics--Periodicals.
Georgia Government Documents--Serial
Location:: United States, Georgia, 32.75042, -83.50018
Medium:: state government records
Type:: Text
Format:: application/pdf
Description:: Report year covers fiscal year.
May continue: Technical College System of Georgia System Office (Oversight Unit), management report for fiscal year ended ... or: Technical College System of Georgia System Office (Oversight Unit), report on audit of the financial statements for fiscal year ended ...
Fiscal year ended June 30, 2018; title from PDF cover (Georgia Government Publications database, viewed January 23, 2025).
Fiscal year 2022 (Georgia Government Publications database, viewed January 23, 2025).
External Identifiers:
Metadata URL:: https://dlg.galileo.usg.edu/id:dlg_ggpd_1487665043-2019-02-06
Digital Object URL:: https://dlg.galileo.usg.edu/do:dlg_ggpd_1487665043-2019-02-06
Language:: eng
Holding Institution:: University of Georgia. Map and Government Information Library
Rights:

TECHNICAL COLLEGE SYSTEM OF GEORGIA REVIEW REPORT
FOR FISCAL YEAR ENDED JUNE 30, 2018
Georgia Department of Audits and Accounts Greg S. Griffin State Auditor

TECHNICAL COLLEGE SYSTEM OF GEORGIA - TABLE OF CONTENTS -

FINANCIAL INDEPENDENT ACCOUNTANT'S REPORT COMBINING STATEMENTS
COMBINING STATEMENT OF NET POSITION - (GAAP BASIS) COMBINING STATEMENT OF REVENUES, EXPENSES AND CHANGES IN NET POSITION -
(GAAP BASIS) COMBINING STATEMENT OF CASH FLOWS - (GAAP BASIS)

Page
1 7 13

SUPPLEMENTARY INFORMATION

COMBINING BALANCE SHEET - (NON-GAAP BASIS) - BUDGET FUND

20

SUMMARY BUDGET COMPARISON AND SURPLUS ANALYSIS REPORTS (NON-GAAP BASIS) BUDGET FUND BY BUDGET UNIT

ADMINISTRATIVE SYSTEM

26

ALBANY TECHNICAL COLLEGE

27

ATHENS TECHNICAL COLLEGE

28

ATLANTA TECHNICAL COLLEGE

29

AUGUSTA TECHNICAL COLLEGE

30

CENTRAL GEORGIA TECHNICAL COLLEGE

31

CHATTAHOOCHEE TECHNICAL COLLEGE

32

COASTAL PINES TECHNICAL COLLEGE

33

COLUMBUS TECHNICAL COLLEGE

34

GEORGIA NORTHWESTERN TECHNICAL COLLEGE

35

GEORGIA PIEDMONT TECHNICAL COLLEGE

36

GWINNETT TECHNICAL COLLEGE

37

LANIER TECHNICAL COLLEGE

38

NORTH GEORGIA TECHNICAL COLLEGE

39

OGEECHEE TECHNICAL COLLEGE

40

OCONEE FALL LINE TECHNICAL COLLEGE

41

SAVANNAH TECHNICAL COLLEGE

42

SOUTHEASTERN TECHNICAL COLLEGE

43

SOUTH GEORGIA TECHNICAL COLLEGE

44

SOUTHERN CRESCENT TECHNICAL COLLEGE

45

SOUTHERN REGIONAL TECHNICAL COLLEGE

46

WEST GEORGIA TECHNICAL COLLEGE

47

WIREGRASS GEORGIA TECHNICAL COLLEGE

48

FINANCIAL

Greg S. Griffin
STATE AUDITOR
(404) 656-2174

DEPARTMENT OF AUDITS AND ACCOUNTS
270 Washington Street, S.W., Suite 1-156 Atlanta, Georgia 30334-8400
February 6, 2019

Honorable Brian P. Kemp, Governor Members of the General Assembly of Georgia Members of the State Board of the Technical College System of Georgia
and Mr. Matt Arthur, Commissioner Technical College System of Georgia
Independent Accountant's Review Report
Dear Mr. Arthur:
We have reviewed the accompanying Statement of Net Position of the Technical College System of Georgia as of June 30, 2018, and the Statement of Revenues, Expenses, and Changes in Net Position and Statement of Cash Flows for the year then ended. A review includes primarily applying analytical procedures to management's financial data and making inquiries of management. A review is substantially less in scope than an audit, the objective of which is the expression of an opinion regarding the financial statements as a whole. Accordingly, we do not express such an opinion.
Management's Responsibility for the Financial Statements
Management is responsible for the preparation and fair presentation of these financial statements in accordance with accounting principles generally accepted in the United States of America; this includes the design, implementation, and maintenance of internal control relevant to the preparation and fair presentation of financial statements that are free from material misstatement whether due to fraud or error.
Accountant's Responsibility
Our responsibility is to conduct the review engagement in accordance with Statements on Standards for Accounting and Review Services promulgated by the Accounting and Review Services Committee of the AICPA. Those standards require us to perform procedures to obtain limited assurance as a basis for reporting whether we are aware of any material modifications that should be made to the Statement of Net Position, Statement of Revenues, Expenses, and Changes in Net Position, and Statement of Cash Flows for them to be in accordance with accounting principles generally accepted in the United States of America. We believe that the results of our procedures provide a reasonable basis for our conclusion.
Accountant's Conclusion
Based on our review, we are not aware of any material modifications that should be made to the accompanying Statement of Net Position, Statement of Revenues, Expenses, and Changes in Net Position, and Statement of Cash Flows in order for them to be in accordance with accounting principles generally accepted in the United States of America.

Other Matters The accompanying supplementary information, as listed in the table of contents, is presented for additional analysis and is not a required part of the basic financial statements. Such information is the responsibility of management. We have not audited or reviewed such information and we do not express an opinion, a conclusion, nor provide any assurance on it.
Respectfully,
Greg S. Griffin State Auditor

COMBINING STATEMENTS

ASSETS
Current Assets Cash and Cash Equivalents Short-term Investments Accounts Receivable, Net State Appropriations Federal Financial Assistance Other Prepaid Items Inventories Other Assets
Total Current Assets
Noncurrent Assets Investments Net OPEB Asset Capital Assets, Net
Total Noncurrent Assets
Total Assets
Deferred Outflows of Resources Related to Defined Benefit Pension Plans and OPEB
LIABILITIES
Current Liabilities Contracts Payable Grants Payable Salaries Payable Accounts Payable Unearned Revenue Funds Held for Others Claims and Judgements Capital Leases Compensated Absences Other Liabilities
Total Current Liabilities
Noncurrent Liabilities Claims and Judgements Capital Leases Compensated Absences Net OPEB Liability Net Pension Liability
Total Noncurrent Liabilities
Total Liabilities
Deferred Inflows of Resources Related to Defined Benefit Pension Plans and OPEB
NET POSITION
Net Investment in Capital Assets Restricted
Expendable Unrestricted(Deficit)
Total Net Position

TECHNICAL COLLEGE SYSTEM OF GEORGIA COMBINING STATEMENT OF NET POSITION - (GAAP BASIS)
JUNE 30, 2018

TOTAL

ADMINISTRATIVE SYSTEM OFFICE

ALBANY

ATHENS

$

54,272,165.07 $

77,283.80

11,243,199.37 20,260,060.76 57,828,158.92
1,832,854.22 7,584,262.21
43,505.34

153,141,489.69

590,863.00 8,660,551.00 1,077,449,646.91
1,086,701,060.91
1,239,842,550.60

142,423,371.73

4,541,366.59 $ -
11,243,199.37 4,636,353.80 2,852,023.46 493,810.97 -
23,766,754.19
950,579.00 26,108,140.43
27,058,719.43
50,825,473.62
7,285,226.87

296,991.83 $ -
301,707.87 1,104,220.04
8,476.46 221,063.26
-
1,932,459.46
280,297.00 28,827,218.45
29,107,515.45
31,039,974.91
4,793,972.00

4,018,761.79 -
701,195.41 1,631,940.01
49,258.00 -
6,401,155.21
183,251.00 47,433,067.72
47,616,318.72
54,017,473.93
5,516,747.00

211,231.94 424,713.38 2,099,052.46 22,178,864.79 38,296,299.89 10,722,990.73 261,509.00 327,679.75 18,009,060.58
57,351.29
92,588,753.81
261,508.57 237,446.98 15,522,135.97 440,913,307.00 477,468,167.00
934,402,565.52
1,026,991,319.33
75,475,698.00

1,076,884,520.18
22,596,292.97 (819,681,908.15)

$

279,798,905.00 $

424,713.38
12,815.04 6,564,430.06 1,491,298.31
78,196.04 -
1,318,851.54 -
9,890,304.37
1,166,372.48 23,374,123.00 25,647,469.00
50,187,964.48
60,078,268.85
3,686,635.00

57,754.25 240,070.83 952,558.06 192,459.09 104,355.94 661,306.22 -
2,208,504.39
17,296.06 498,880.12 16,144,527.00 17,214,632.00
33,875,335.18
36,083,839.57
2,583,373.00

127,711.16 330,670.79 700,139.84 364,866.26 599,582.97 -
2,122,971.02
534,243.62 17,688,325.00 19,359,670.00
37,582,238.62
39,705,209.64
5,106,987.00

26,108,140.43
11,296,651.00 (43,058,994.79)

28,705,566.45
297,645.69 (31,836,477.80)

47,433,067.72
183,251.00 (32,894,294.43)

(5,654,203.36) $

(2,833,265.66) $

14,722,024.29

- 1 -

ASSETS
Current Assets Cash and Cash Equivalents Short-term Investments Accounts Receivable, Net State Appropriations Federal Financial Assistance Other Prepaid Items Inventories Other Assets
Total Current Assets
Noncurrent Assets Investments Net OPEB Asset Capital Assets, Net
Total Noncurrent Assets
Total Assets
Deferred Outflows of Resources Related to Defined Benefit Pension Plans and OPEB
LIABILITIES
Current Liabilities Contracts Payable Grants Payable Salaries Payable Accounts Payable Unearned Revenue Funds Held for Others Claims and Judgements Capital Leases Compensated Absences Other Liabilities
Total Current Liabilities
Noncurrent Liabilities Claims and Judgements Capital Leases Compensated Absences Net OPEB Liability Net Pension Liability
Total Noncurrent Liabilities
Total Liabilities
Deferred Inflows of Resources Related to Defined Benefit Pension Plans and OPEB
NET POSITION
Net Investment in Capital Assets Restricted
Expendable Unrestricted(Deficit)
Total Net Position

TECHNICAL COLLEGE SYSTEM OF GEORGIA COMBINING STATEMENT OF NET POSITION - (GAAP BASIS)
JUNE 30, 2018

ATLANTA

AUGUSTA

CENTRAL GEORGIA

CHATTAHOOCHEE

$

1,671,304.25 $

-

741,602.80 2,788,924.22 166,467.28 943,445.55
3,591.91

6,315,336.01

299,691.00 34,180,774.63
34,480,465.63
40,795,801.64

5,307,099.62

3,911,187.58 $ 20,000.00
168,406.68 1,408,618.07
748,265.10
-
6,256,477.43
737,831.00 53,057,002.28
53,794,833.28
60,051,310.71
6,523,601.15

408,069.95 $ 57,283.80
569,974.77 6,426,418.71
26,855.21 -
7,488,602.44
863,337.00 90,232,333.78
91,095,670.78
98,584,273.22
11,013,697.00

6,789,119.24 -
1,978,661.89 9,403,693.06
153,428.71 -
18,324,902.90
587,476.00 84,578,512.84
85,165,988.84
103,490,891.74
10,038,881.00

187,125.54 269,856.04 2,315,667.00 416,388.47 580,736.45 -
3,769,773.50
580,646.65 17,903,769.00 18,761,252.00
37,245,667.65
41,015,441.15
3,334,566.00

7,556.73 777,385.26 1,906,180.76 859,478.93 -
3,550,601.68
583,754.61 21,199,353.00 22,720,105.00
44,503,212.61
48,053,814.29
3,013,926.00

34,180,774.63
299,691.00 (32,727,571.52)

53,057,002.28
738,935.16 (38,288,765.87)

$

1,752,894.11 $

15,507,171.57 $

21,003.27 5,126,167.91 1,302,234.75 205,264.46 1,369,405.45 -
8,024,075.84
1,170,359.43 34,926,614.00 37,631,313.00
73,728,286.43
81,752,362.27
8,670,071.00
90,232,333.78
863,337.00 (71,920,133.83)
19,175,536.95 $

110,484.87 1,030,568.57 8,911,468.42 1,275,485.84
2,987.56 1,350,102.61
-
12,681,097.87
1,115,550.52 33,383,264.00 35,907,888.00
70,406,702.52
83,087,800.39
5,995,770.00
84,575,525.28
743,136.09 (60,872,459.02)
24,446,202.35

- 2 -

ASSETS
Current Assets Cash and Cash Equivalents Short-term Investments Accounts Receivable, Net State Appropriations Federal Financial Assistance Other Prepaid Items Inventories Other Assets
Total Current Assets
Noncurrent Assets Investments Net OPEB Asset Capital Assets, Net
Total Noncurrent Assets
Total Assets
Deferred Outflows of Resources Related to Defined Benefit Pension Plans and OPEB
LIABILITIES
Current Liabilities Contracts Payable Grants Payable Salaries Payable Accounts Payable Unearned Revenue Funds Held for Others Claims and Judgements Capital Leases Compensated Absences Other Liabilities
Total Current Liabilities
Noncurrent Liabilities Claims and Judgements Capital Leases Compensated Absences Net OPEB Liability Net Pension Liability
Total Noncurrent Liabilities
Total Liabilities
Deferred Inflows of Resources Related to Defined Benefit Pension Plans and OPEB
NET POSITION
Net Investment in Capital Assets Restricted
Expendable Unrestricted(Deficit)
Total Net Position

TECHNICAL COLLEGE SYSTEM OF GEORGIA COMBINING STATEMENT OF NET POSITION - (GAAP BASIS)
JUNE 30, 2018

COASTAL PINES

COLUMBUS

GEORGIA NORTHWESTERN

GEORGIA PIEDMONT

$

4,024,191.00 $

3,740,263.55 $

-

-

345,906.66 1,135,881.49 148,158.78 371,750.28
-

202,184.13 3,328,139.90
4,006.41 305,498.67
-

6,025,888.21

7,580,092.66

163,187.00 41,847,911.22
42,011,098.22
48,036,986.43

202,783.00 34,978,231.58
35,181,014.58
42,761,107.24

4,354,078.00

4,520,237.43

2,244,170.51 $ -
525,724.59 1,275,815.35
35,326.25 -
4,081,036.70
652,881.00 56,104,719.44
56,757,600.44
60,838,637.14
6,727,531.00

135,836.29 -
6,227,116.93 2,068,073.74
98,325.71 493,671.10
432.01
9,023,455.78
248,841.00 30,402,135.12
30,650,976.12
39,674,431.90
6,181,543.00

71,746.69 482,474.87 459,368.00 182,369.47 606,327.42 -
1,802,286.45
443,430.74 13,753,947.00 14,752,192.00
28,949,569.74
30,751,856.19
2,884,545.00

-
804,816.17 2,577,979.60
883,055.24 -
30,860.26 512,537.53
-
4,809,248.80
28,701.31 461,868.42 15,028,725.00 16,272,508.00
31,791,802.73
36,601,051.53
2,822,217.00

41,847,911.22
163,187.00 (23,256,434.98)

34,918,670.01
202,783.02 (27,263,376.89)

$

18,754,663.24 $

7,858,076.14 $

146,436.87 796,044.45 1,124,744.73 336,249.76 261,509.00 928,430.10 -
3,593,414.91
261,508.57 -
733,160.36 22,392,769.00 24,322,156.00
47,709,593.93
51,303,008.84
4,661,435.00

267,135.63 2,708,859.20 860,878.23 1,406,088.92 65,823.26 924,647.47 56,302.32
6,289,735.03
701,156.09 19,910,600.00 21,495,304.00
42,107,060.09
48,396,795.12
2,489,868.00

56,104,719.44
652,881.00 (45,155,876.14)

30,336,311.86
3,450,163.43 (38,817,163.51)

11,601,724.30 $

(5,030,688.22)

- 3 -

ASSETS
Current Assets Cash and Cash Equivalents Short-term Investments Accounts Receivable, Net State Appropriations Federal Financial Assistance Other Prepaid Items Inventories Other Assets
Total Current Assets
Noncurrent Assets Investments Net OPEB Asset Capital Assets, Net
Total Noncurrent Assets
Total Assets
Deferred Outflows of Resources Related to Defined Benefit Pension Plans and OPEB
LIABILITIES
Current Liabilities Contracts Payable Grants Payable Salaries Payable Accounts Payable Unearned Revenue Funds Held for Others Claims and Judgements Capital Leases Compensated Absences Other Liabilities
Total Current Liabilities
Noncurrent Liabilities Claims and Judgements Capital Leases Compensated Absences Net OPEB Liability Net Pension Liability
Total Noncurrent Liabilities
Total Liabilities
Deferred Inflows of Resources Related to Defined Benefit Pension Plans and OPEB
NET POSITION
Net Investment in Capital Assets Restricted
Expendable Unrestricted(Deficit)
Total Net Position

TECHNICAL COLLEGE SYSTEM OF GEORGIA COMBINING STATEMENT OF NET POSITION - (GAAP BASIS)
JUNE 30, 2018

GWINNETT

LANIER

NORTH GEORGIA

OGEECHEE

$

6,872,395.28 $

-

81,114.16 $ -

1,313,213.13 $ -

512,963.37 8,032,348.93
2,170.65 -

244,479.22 3,814,937.79 108,921.16 422,471.73
-

257,530.76 995,687.20
52,660.91 217,520.97
-

15,419,878.23

4,671,924.06

2,836,612.97

2,319,595.52 -
67,599.74 620,238.35 39,111.73 207,644.34
-
3,254,189.68

590,863.00 404,415.00 73,211,242.41
74,206,520.41
89,626,398.64

222,138.00 41,978,698.13
42,200,836.13
46,872,760.19

219,290.00 41,732,679.82
41,951,969.82
44,788,582.79

82,031.00 33,977,268.66
34,059,299.66
37,313,489.34

10,672,392.26

5,724,742.00

4,185,511.00

4,391,062.00

211,231.94 -
272,292.05 1,185,535.62 6,942,163.30
554,730.75 -
920,236.91 -
10,086,190.57
1,230,644.24 29,080,985.00 31,253,082.00
61,564,711.24
71,650,901.81
3,603,725.00

138,029.10 466,062.56 3,001,819.87 415,784.92 42,788.01 780,593.62 -
4,845,078.08
33,939.85 642,649.71 16,250,620.00 17,772,377.00
34,699,586.56
39,544,664.64
2,589,997.00

69,027.65 231,159.03 452,209.31 130,381.59 428,842.81 -
1,311,620.39
466,444.90 12,078,470.00 12,992,994.00
25,537,908.90
26,849,529.29
1,455,592.00

46,123.75 79,659.85 439,899.52 182,695.26 545,137.73 -
1,293,516.11
346,814.93 11,429,613.00 12,764,889.00
24,541,316.93
25,834,833.04
2,038,950.00

73,211,242.41
492,073.10 (48,659,151.42)

41,901,970.27
226,838.00 (31,665,267.72)

41,732,679.82
274,922.55 (21,338,629.89)

33,977,268.66
82,031.00 (20,228,531.36)

$

25,044,164.09 $

10,463,540.55 $

20,668,972.48 $

13,830,768.30

- 4 -

ASSETS
Current Assets Cash and Cash Equivalents Short-term Investments Accounts Receivable, Net State Appropriations Federal Financial Assistance Other Prepaid Items Inventories Other Assets
Total Current Assets
Noncurrent Assets Investments Net OPEB Asset Capital Assets, Net
Total Noncurrent Assets
Total Assets
Deferred Outflows of Resources Related to Defined Benefit Pension Plans and OPEB
LIABILITIES
Current Liabilities Contracts Payable Grants Payable Salaries Payable Accounts Payable Unearned Revenue Funds Held for Others Claims and Judgements Capital Leases Compensated Absences Other Liabilities
Total Current Liabilities
Noncurrent Liabilities Claims and Judgements Capital Leases Compensated Absences Net OPEB Liability Net Pension Liability
Total Noncurrent Liabilities
Total Liabilities
Deferred Inflows of Resources Related to Defined Benefit Pension Plans and OPEB
NET POSITION
Net Investment in Capital Assets Restricted
Expendable Unrestricted(Deficit)
Total Net Position

TECHNICAL COLLEGE SYSTEM OF GEORGIA COMBINING STATEMENT OF NET POSITION - (GAAP BASIS)
JUNE 30, 2018

OCONEE FALL LINE

SAVANNAH

SOUTHEASTERN

SOUTH GEORGIA

$

446,671.24 $

-

107,651.14 680,818.58 191,139.25 296,045.69
-

1,722,325.90

210,799.00 35,826,045.76
36,036,844.76
37,759,170.66

3,276,123.00

2,605,549.38 $ -
501,383.68 1,392,859.14
74,756.40 661,394.17
-
5,235,942.77
238,946.00 48,350,831.33
48,589,777.33
53,825,720.10
5,879,075.00

1,399,153.04 $ -
85,862.93 1,032,585.41 13,898.86 328,236.68
12.81
2,859,749.73
279,060.00 34,686,223.02
34,965,283.02
37,825,032.75
3,318,587.00

312,904.01 -
772,508.20 1,359,201.76
8,420.00 128,463.54
-
2,581,497.51
354,495.00 28,614,822.25
28,969,317.25
31,550,814.76
3,254,063.00

47,327.66 219,929.59 293,934.52 178,728.47 505,071.41 1,048.97
1,246,040.62
410,268.67 10,411,428.00 11,467,616.00
22,289,312.67
23,535,353.29
2,066,251.00

35,826,045.76
210,799.04 (20,603,155.43)

$

15,433,689.37 $

107,883.80 188,029.42 798,376.87 245,279.33 770,787.02 -
2,110,356.44
738,339.74 19,550,237.00 20,407,289.00
40,695,865.74
42,806,222.18
2,442,061.00

84,976.06 366,278.66 346,410.80 298,021.99 534,098.18 -
1,629,785.69
460,021.85 10,578,389.00 11,844,888.00
22,883,298.85
24,513,084.54
2,164,523.00

53,164.64 575,701.35 596,053.98 47,163.50 389,419.75 -
1,661,503.22
390,640.55 9,862,225.00 10,868,126.00
21,120,991.55
22,782,494.77
1,822,258.00

48,350,831.33
238,946.00 (34,133,265.41)

34,686,223.02
279,695.32 (20,499,906.13)

28,614,822.25
413,047.63 (18,827,744.89)

14,456,511.92 $

14,466,012.21 $

10,200,124.99

- 5 -

ASSETS
Current Assets Cash and Cash Equivalents Short-term Investments Accounts Receivable, Net State Appropriations Federal Financial Assistance Other Prepaid Items Inventories Other Assets
Total Current Assets
Noncurrent Assets Investments Net OPEB Asset Capital Assets, Net
Total Noncurrent Assets
Total Assets
Deferred Outflows of Resources Related to Defined Benefit Pension Plans and OPEB
LIABILITIES
Current Liabilities Contracts Payable Grants Payable Salaries Payable Accounts Payable Unearned Revenue Funds Held for Others Claims and Judgements Capital Leases Compensated Absences Other Liabilities
Total Current Liabilities
Noncurrent Liabilities Claims and Judgements Capital Leases Compensated Absences Net OPEB Liability Net Pension Liability
Total Noncurrent Liabilities
Total Liabilities
Deferred Inflows of Resources Related to Defined Benefit Pension Plans and OPEB
NET POSITION
Net Investment in Capital Assets Restricted
Expendable Unrestricted(Deficit)
Total Net Position

TECHNICAL COLLEGE SYSTEM OF GEORGIA COMBINING STATEMENT OF NET POSITION - (GAAP BASIS)
JUNE 30, 2018

SOUTHERN CRESCENT

SOUTHERN REGIONAL

WEST GEORGIA

WIREGRASS GEORGIA

$

2,166,798.15 $

-

139,835.49 1,214,149.46
57,340.15 719,343.09
-

4,297,466.34

294,496.00 41,834,339.14
42,128,835.14
46,426,301.48

6,511,313.90

1,021,928.37 $ -
323,449.26 1,135,320.66
620,240.56
39,468.61
3,140,407.46
425,150.00 61,542,378.07
61,967,528.07
65,107,935.53
6,837,788.00

2,258,974.85 $ -
401,145.69 2,159,958.56
98,701.46 555,705.13
-
5,474,485.69
506,300.00 58,715,394.91
59,221,694.91
64,696,180.60
8,441,699.50

1,692,605.36 -
446,815.75 1,966,305.03
1,619.87 343,502.35
-
4,450,848.36
253,277.00 49,229,675.92
49,482,952.92
53,933,801.28
7,668,401.00

91,937.98 74,823.46 1,082,460.60 328,110.12 7,283.66 989,317.64 -
2,573,933.46
37,733.94 809,451.81 20,540,106.00 22,114,948.00
43,502,239.75
46,076,173.21
3,107,675.00

41,789,321.54
301,699.94 (38,337,254.31)

$

3,753,767.17 $

11,422.76 31,607.42 878,184.06 243,399.50 44,838.09 723,883.41 -
1,933,335.24
95,116.58 613,108.38 19,713,857.00 21,424,216.00
41,846,297.96
43,779,633.20
3,410,784.00
61,402,423.40
425,250.00 (37,072,367.07)
24,755,306.33 $

118,909.44 392,940.56 1,278,150.39 589,804.65 5,000.00 1,000,893.36 -
3,385,698.40
793,626.49 26,504,376.00 28,964,158.00
56,262,160.49
59,647,858.89
2,967,247.00

55,744.25 5,621.65 712,914.47 262,286.34 23,742.97 709,372.05 -
1,769,681.73
24,659.24 630,701.66 19,206,985.00 21,509,095.00
41,371,440.90
43,141,122.63
2,557,242.00

58,710,394.91
506,300.00 (48,693,920.70)

49,181,273.71
253,729.00 (33,531,165.06)

10,522,774.21 $

15,903,837.65

- 6 -

TECHNICAL COLLEGE SYSTEM OF GEORGIA COMBINING STATEMENT OF REVENUES, EXPENSES,AND CHANGES IN NET POSITION - (GAAP BASIS)
YEAR ENDED JUNE 30, 2018

OPERATING REVENUES
Student Tuition and Fees Less: Allowance for Doubtful Accounts Less: Sponsored Scholarships
Grants and Contracts Federal
Rents and Royalties Sales and Services (Net of COGS) Other Operating Revenues
Total Operating Revenues
OPERATING EXPENSES
Salaries Employee Benefits Other Personal Services Travel Scholarships and Fellowships Utilities Supplies and Other Services Depreciation
Total Operating Expenses
Operating Loss
NONOPERATING REVENUES (EXPENSES)
State Appropriations Grants and Contracts
Revenues Federal State Local Nongovernmental
Expenses Gifts Interest and Other Investment Income Interest Expense (Capital Assets) Other Nonoperating Revenues Other Nonoperating Expenses
Net Nonoperating Revenues
Income (Loss) Before Other Revenues, Expenses, Gains, or Loss
CAPITAL CONTRIBUTIONS
Capital Grants and Gifts Federal State Local Nongovernmental Gain on Disposal of Capital Assets Loss on Disposal of Capital Assets Special Item Transfer
Total Capital Contributions
Increase (Decrease) in Net Position
Net Position - Beginning of Year, Restated
Net Position - End of Year

TOTAL

ADMINISTRATIVE SYSTEM OFFICE

$

240,028,491.39 $

(3,352,852.62)

(83,514,746.56)

2,160,549.33 2,793,232.51 40,762,850.95 1,215,164.85

200,092,689.85

- $ -
1,245,429.02 127,270.18
1,372,699.20

ALBANY

ATHENS

9,319,588.88 $ (245,118.66)
(4,069,376.70)
98,576.40 4,890.00
1,330,688.76 60.00
6,439,308.68

10,663,630.96 -
(2,743,678.91)
88,216.63 -
1,401,259.95 15,796.21
9,425,224.84

370,076,929.55 123,721,666.69
8,524.59 4,267,266.18 128,159,673.49 26,885,388.74 116,217,250.18 63,099,311.04
832,436,010.46
(632,343,320.61)

17,347,841.15 7,020,476.28 933,110.88 503,876.50
23,634,190.87 3,453,961.12
52,893,456.80
(51,520,757.60)

13,090,697.79 4,474,045.63 194,420.32 7,590,052.87 1,216,672.37 4,169,064.50 1,810,890.50
32,545,843.98
(26,106,535.30)

15,485,073.97 4,358,589.54 106,706.21 5,361,582.23 1,014,728.53 4,001,235.23 2,705,078.01
33,032,993.72
(23,607,768.88)

375,281,952.52
270,613,193.53 6,689,528.67 897,395.71 658,121.64 (8,056,201.37)
15,426,727.78 72,558.30 (49,673.26)
1,174,442.75 (13,370,001.21)
649,338,045.06
16,994,724.45

60,601,443.19
8,614,771.79 888,937.94 124,872.54
(6,146,031.49) 213.22 -
(3,319.84)
64,080,887.35
12,560,129.75

11,660,119.11
14,029,468.86 226,351.98 455,997.51 1,926.66 (10,723.03) 662.20 (455,997.51)
25,907,805.78
(198,729.52)

12,376,979.40
11,113,563.07 2,065,263.52 250,000.00 (1,026,957.04) 1,086,476.60 (1,086,476.60)
24,778,848.95
1,171,080.07

357,545.68 20,909,061.93
648,294.96 253,295.71 143,651.92 (3,925,127.60) 12,926,421.23
31,313,143.83
48,307,868.28
231,491,036.72

$

279,798,905.00 $

86,604.00
187,577.47
274,181.47
12,834,311.22
(18,488,514.58)

996,533.19
23,540.67
13,530.98
1,033,604.84
834,875.32
(3,668,140.98)

2,324,933.63
(4,499.97) -
2,320,433.66
3,491,513.73
11,230,510.56

(5,654,203.36) $

(2,833,265.66) $

14,722,024.29

- 7 -

TECHNICAL COLLEGE SYSTEM OF GEORGIA COMBINING STATEMENT OF REVENUES, EXPENSES,AND CHANGES IN NET POSITION - (GAAP BASIS)
YEAR ENDED JUNE 30, 2018

OPERATING REVENUES
Student Tuition and Fees Less: Allowance for Doubtful Accounts Less: Sponsored Scholarships
Grants and Contracts Federal
Rents and Royalties Sales and Services (Net of COGS) Other Operating Revenues
Total Operating Revenues
OPERATING EXPENSES
Salaries Employee Benefits Other Personal Services Travel Scholarships and Fellowships Utilities Supplies and Other Services Depreciation
Total Operating Expenses
Operating Loss
NONOPERATING REVENUES (EXPENSES)
State Appropriations Grants and Contracts
Revenues Federal State Local Nongovernmental
Expenses Gifts Interest and Other Investment Income Interest Expense (Capital Assets) Other Nonoperating Revenues Other Nonoperating Expenses
Net Nonoperating Revenues
Income (Loss) Before Other Revenues, Expenses, Gains, or Loss
CAPITAL CONTRIBUTIONS
Capital Grants and Gifts Federal State Local Nongovernmental Gain on Disposal of Capital Assets Loss on Disposal of Capital Assets Special Item Transfer
Total Capital Contributions
Increase (Decrease) in Net Position
Net Position - Beginning of Year, Restated
Net Position - End of Year

ATLANTA

AUGUSTA

CENTRAL GEORGIA

CHATTAHOOCHEE

$

12,020,826.02 $

11,531,376.37 $

18,105,316.18 $

(469,769.48)

-

(99,810.38)

(6,067,465.72)

(6,121,989.98)

(6,558,302.96)

70,108.93 -
1,645,856.07 2,730.00

158,955.23 21,025.00
983,594.78 2,947.63

223,800.87 68,800.00
5,394,311.28 1,738.85

7,202,285.82

6,575,909.03

17,135,853.84

25,664,608.11 (338,324.34)
(5,629,563.30)
66,667.83 310,822.51 1,610,015.04 (11,829.53)
21,672,396.32

15,382,786.67 4,462,782.08 113,907.83 7,600,535.15 1,027,976.63 5,206,784.55 2,339,098.96
36,133,871.87
(28,931,586.05)

16,473,589.84 5,765,884.73 112,549.80 6,112,144.45 932,118.73 3,048,277.34 5,454,967.90
37,899,532.79
(31,323,623.76)

30,246,741.15 8,779,209.54 227,556.14
12,372,954.64 2,369,219.10 5,949,560.50 4,119,583.28
64,064,824.35
(46,928,970.51)

27,310,144.39 8,631,803.01 119,004.04 7,455,486.49 2,097,117.63 6,994,956.18 3,876,271.50
56,484,783.24
(34,812,386.92)

13,391,276.25
16,566,330.89 125,362.40 217,106.18 8,350.81 80,707.30 (186,443.68)
30,202,690.15
1,271,104.10

14,332,653.46
14,629,364.26 222,830.81 831,267.99 871.92 (831,267.99)
29,185,720.45
(2,137,903.31)

23,913,462.32
23,685,011.33 1,102,435.47 4,000.00 1,181,626.34 116.64 (331.47) (1,181,626.34)
48,704,694.29
1,775,723.78

21,495,492.85
15,149,849.94 195,403.25 262,711.50 (293,921.70) 474,333.93 111.74 (1,638.93) 64,000.57 (669,237.53)
36,677,105.62
1,864,718.70

433,646.99
(81,250.01) -
352,396.98
1,623,501.08
129,393.03

154,575.65
-
13,530.98
168,106.63
(1,969,796.68)
17,476,968.25

2,096,425.98
32,160.00
(1,983,587.83) 12,546,688.90
12,691,687.05
14,467,410.83
4,708,126.12

520,891.57
5,660.01 -
526,551.58
2,391,270.28
22,054,932.07

$

1,752,894.11 $

15,507,171.57 $

19,175,536.95 $

24,446,202.35

- 8 -

TECHNICAL COLLEGE SYSTEM OF GEORGIA COMBINING STATEMENT OF REVENUES, EXPENSES,AND CHANGES IN NET POSITION - (GAAP BASIS)
YEAR ENDED JUNE 30, 2018

OPERATING REVENUES
Student Tuition and Fees Less: Allowance for Doubtful Accounts Less: Sponsored Scholarships
Grants and Contracts Federal
Rents and Royalties Sales and Services (Net of COGS) Other Operating Revenues
Total Operating Revenues
OPERATING EXPENSES
Salaries Employee Benefits Other Personal Services Travel Scholarships and Fellowships Utilities Supplies and Other Services Depreciation
Total Operating Expenses
Operating Loss
NONOPERATING REVENUES (EXPENSES)
State Appropriations Grants and Contracts
Revenues Federal State Local Nongovernmental
Expenses Gifts Interest and Other Investment Income Interest Expense (Capital Assets) Other Nonoperating Revenues Other Nonoperating Expenses
Net Nonoperating Revenues
Income (Loss) Before Other Revenues, Expenses, Gains, or Loss
CAPITAL CONTRIBUTIONS
Capital Grants and Gifts Federal State Local Nongovernmental Gain on Disposal of Capital Assets Loss on Disposal of Capital Assets Special Item Transfer
Total Capital Contributions
Increase (Decrease) in Net Position
Net Position - Beginning of Year, Restated
Net Position - End of Year

COASTAL PINES

COLUMBUS

GEORGIA NORTHWESTERN

GEORGIA PIEDMONT

$

7,089,871.48 $

8,013,491.94 $

12,314,525.90 $

9,923,848.51

-

(67,439.53)

(6,944.00)

(964,321.85)

(1,463,346.12)

(3,835,447.96)

(5,089,692.43)

(6,086,103.54)

29,496.58 49,755.25 886,588.39
356.14

192,852.38 -
810,846.74 123,528.81

43,363.50 -
1,023,936.25 25,000.00

45,254.13 364,338.36 3,554,435.98
7,156.63

6,592,721.72

5,237,832.38

8,310,189.22

6,844,608.22

10,747,534.49 3,423,458.51 178,487.24 3,490,590.24 1,049,042.14 5,214,943.12 2,402,708.26
26,506,764.00
(19,914,042.28)

12,491,285.34 3,919,053.69 123,105.41 4,814,574.14 847,100.77 2,255,629.37 2,009,583.57
26,460,332.29
(21,222,499.91)

18,357,811.47 5,498,564.86 208,373.53 5,773,522.87 1,346,227.13 3,989,211.93 2,927,557.23
38,101,269.02
(29,791,079.80)

17,996,738.67 5,768,817.26 92,159.59 4,648,984.46 1,146,012.01 5,758,181.00 1,778,936.97
37,189,829.96
(30,345,221.74)

13,924,165.89
6,188,549.55 -
209,724.11 1,052.93 -
(196,790.33)
20,126,702.15
212,659.87

11,019,626.34
9,976,675.81 -
538,900.32 9.39
(7,453.81) 261,854.17 (538,900.32)
21,250,711.90
28,211.99

17,886,233.19
13,897,948.30 -
127,718.83 -
653,902.12 45,841.70 7,948.00
(653,902.12)
31,965,690.02
2,174,610.22

20,515,855.59
13,531,075.54 -
518,112.52 -
(318,870.90) 631,167.22
169.73 -
2,085.25 (631,167.22)
34,248,427.73
3,903,205.99

1,032,025.58
257.50
(2,033.26) (1,077.34)
1,029,172.48
1,241,832.35
17,512,830.89

2,299,917.17
(19,399.32) -
2,280,517.85
2,308,729.84
5,549,346.30

541,754.90
(3,788.96) 13,530.98
551,496.92
2,726,107.14
8,875,617.16

946,157.67
(197,325.23) 13,530.98
762,363.42
4,665,569.41
(9,696,257.63)

$

18,754,663.24 $

7,858,076.14 $

11,601,724.30 $

(5,030,688.22)

- 9 -

TECHNICAL COLLEGE SYSTEM OF GEORGIA COMBINING STATEMENT OF REVENUES, EXPENSES,AND CHANGES IN NET POSITION - (GAAP BASIS)
YEAR ENDED JUNE 30, 2018

OPERATING REVENUES
Student Tuition and Fees Less: Allowance for Doubtful Accounts Less: Sponsored Scholarships
Grants and Contracts Federal
Rents and Royalties Sales and Services (Net of COGS) Other Operating Revenues
Total Operating Revenues
OPERATING EXPENSES
Salaries Employee Benefits Other Personal Services Travel Scholarships and Fellowships Utilities Supplies and Other Services Depreciation
Total Operating Expenses
Operating Loss
NONOPERATING REVENUES (EXPENSES)
State Appropriations Grants and Contracts
Revenues Federal State Local Nongovernmental
Expenses Gifts Interest and Other Investment Income Interest Expense (Capital Assets) Other Nonoperating Revenues Other Nonoperating Expenses
Net Nonoperating Revenues
Income (Loss) Before Other Revenues, Expenses, Gains, or Loss
CAPITAL CONTRIBUTIONS
Capital Grants and Gifts Federal State Local Nongovernmental Gain on Disposal of Capital Assets Loss on Disposal of Capital Assets Special Item Transfer
Total Capital Contributions
Increase (Decrease) in Net Position
Net Position - Beginning of Year, Restated
Net Position - End of Year

GWINNETT

$

23,455,352.21 $

(203,605.00)

(5,623,571.72)

193,254.02 -
4,300,586.28 564,802.11

22,686,817.90

LANIER

NORTH GEORGIA

OGEECHEE

9,196,596.80 $ (62,460.96)
(1,458,928.59)
38,567.08 602,802.95 1,643,524.93
1,260.00
9,961,362.21

6,494,462.61 $ (55,015.12)
(2,073,422.33)
92,379.29 226,654.54 1,774,243.92
7,295.13
6,466,598.04

5,721,880.51 -
(1,857,526.54)
47,714.00 51,563.50 734,723.73 10,644.09
4,708,999.29

27,379,306.48 10,349,133.13
7,622.59 136,181.79 8,157,008.71 1,074,419.37 8,131,281.25 3,558,919.64
58,793,872.96
(36,107,055.06)

14,912,633.24 5,121,070.14 126,111.80 3,728,407.80 933,790.60 2,806,780.64 2,794,865.61
30,423,659.83
(20,462,297.62)

10,776,701.36 3,646,877.93 136,243.23 4,368,799.91 983,874.35 3,322,026.91 2,406,159.51
25,640,683.20
(19,174,085.16)

8,851,927.92 3,194,171.14
94,927.15 2,961,827.96 583,349.19 1,807,381.68 1,883,098.32
19,376,683.36
(14,667,684.07)

18,309,554.79
16,991,089.70 -
109,566.73 -
1,439,954.15 6,617.72 -
(978,714.15)
35,878,068.94
(228,986.12)

11,427,060.09
7,115,545.97 -
102,594.95 4,000.00
(227,745.24) 434,338.44
(10,665.13) 36,052.00 (188,385.48)
18,692,795.60
(1,769,502.02)

10,191,837.80
7,686,932.99 -
507,735.99 2,858.29 -
(507,735.99)
17,881,629.08
(1,292,456.08)

8,533,842.74
5,439,162.08 -
317,905.48 796.87 -
3,567.56 (317,905.48)
13,977,369.25
(690,314.82)

357,545.68 587,655.30
60,416.00 -
(35,331.67) -
970,285.31
741,299.19
24,302,864.90

80,786.27 476,703.96
1,478.10 3,917.42
19,783.03
582,668.78
(1,186,833.24)
11,649,673.79

939,408.63
29,551.67
8,124.93
977,085.23
(315,370.85)
20,984,343.35

523,117.86
25,500.00 913.16
24,734.50 -
(1,985.69)
572,279.83
(118,034.99)
13,948,803.29

$

25,044,164.09 $

10,462,840.55 $

20,668,972.50 $

13,830,768.30

- 10 -

TECHNICAL COLLEGE SYSTEM OF GEORGIA COMBINING STATEMENT OF REVENUES, EXPENSES,AND CHANGES IN NET POSITION - (GAAP BASIS)
YEAR ENDED JUNE 30, 2018

OPERATING REVENUES
Student Tuition and Fees Less: Allowance for Doubtful Accounts Less: Sponsored Scholarships
Grants and Contracts Federal
Rents and Royalties Sales and Services (Net of COGS) Other Operating Revenues
Total Operating Revenues
OPERATING EXPENSES
Salaries Employee Benefits Other Personal Services Travel Scholarships and Fellowships Utilities Supplies and Other Services Depreciation
Total Operating Expenses
Operating Loss
NONOPERATING REVENUES (EXPENSES)
State Appropriations Grants and Contracts
Revenues Federal State Local Nongovernmental
Expenses Gifts Interest and Other Investment Income Interest Expense (Capital Assets) Other Nonoperating Revenues Other Nonoperating Expenses
Net Nonoperating Revenues
Income (Loss) Before Other Revenues, Expenses, Gains, or Loss
CAPITAL CONTRIBUTIONS
Capital Grants and Gifts Federal State Local Nongovernmental Gain on Disposal of Capital Assets Loss on Disposal of Capital Assets Special Item Transfer
Total Capital Contributions
Increase (Decrease) in Net Position
Net Position - Beginning of Year, Restated
Net Position - End of Year

OCONEE FALL LINE

SAVANNAH

SOUTHEASTERN

SOUTH GEORGIA

$

3,358,861.10 $

11,043,919.52 $

4,333,786.31 $

5,076,945.06

-

(334,281.64)

(95,025.57)

-

(1,426,931.06)

(4,119,989.10)

(1,061,726.63)

(1,365,904.23)

63,910.00 211,768.88 1,147,792.32
79,935.61

146,538.12 102,192.12
31,409.05 2,334.00

57,192.41 67,999.86 823,905.15
(69.17)

41,285.90 463,268.38 1,131,833.59 244,151.96

3,435,336.85

6,872,122.07

4,126,062.36

5,591,580.66

9,218,631.66 2,688,024.11
137,574.82 2,207,900.94 920,992.20 2,527,050.98 1,967,863.55
19,668,038.26
(16,232,701.41)

15,545,898.07 5,825,282.48 902.00 333,567.85 5,063,814.04 1,300,039.66 3,771,062.64 2,525,183.07
34,365,749.81
(27,493,627.74)

8,397,103.43 2,517,789.69
78,997.04 2,814,340.59 911,733.80 1,587,321.05 2,090,482.28
18,397,767.88
(14,271,705.52)

8,395,352.75 2,766,743.86
152,021.26 4,663,685.07 1,042,255.56 4,229,519.61 1,639,054.20
22,888,632.31
(17,297,051.65)

9,518,670.21
5,480,987.45 6,934.76 -
567,775.69 -
(567,775.69)
15,006,592.42
(1,226,108.99)

14,033,102.37
13,572,089.12 370,102.36 34,223.69 16,537.60 (42,675.00) 445,957.39 (445,957.39)
27,983,380.14
489,752.40

9,023,706.47
4,561,252.55 (2,395.61) -
838,249.00 -
(457.83) -
(691,701.43)
13,728,653.15
(543,052.37)

9,600,649.04
7,469,693.65 -
147,622.87 713.11 -
(99,945.00) (151,846.42)
16,966,887.25
(330,164.40)

2,712.45 138.25 -
2,850.70
(1,223,258.29)
16,656,947.66

911,217.70
17,588.02
(37,163.86)
-
891,641.86
1,381,394.26
13,075,117.66

1,360,122.45
744.06
(1,566,545.76)
3,074.70
(202,604.55)
(745,656.92)
15,211,669.13

779,194.88
-
779,194.88
449,030.48
9,751,094.51

$

15,433,689.37 $

14,456,511.92 $

14,466,012.21 $

10,200,124.99

- 11 -

TECHNICAL COLLEGE SYSTEM OF GEORGIA COMBINING STATEMENT OF REVENUES, EXPENSES,AND CHANGES IN NET POSITION - (GAAP BASIS)
YEAR ENDED JUNE 30, 2018

OPERATING REVENUES
Student Tuition and Fees Less: Allowance for Doubtful Accounts Less: Sponsored Scholarships
Grants and Contracts Federal
Rents and Royalties Sales and Services (Net of COGS) Other Operating Revenues
Total Operating Revenues
OPERATING EXPENSES
Salaries Employee Benefits Other Personal Services Travel Scholarships and Fellowships Utilities Supplies and Other Services Depreciation
Total Operating Expenses
Operating Loss
NONOPERATING REVENUES (EXPENSES)
State Appropriations Grants and Contracts
Revenues Federal State Local Nongovernmental
Expenses Gifts Interest and Other Investment Income Interest Expense (Capital Assets) Other Nonoperating Revenues Other Nonoperating Expenses
Net Nonoperating Revenues
Income (Loss) Before Other Revenues, Expenses, Gains, or Loss
CAPITAL CONTRIBUTIONS
Capital Grants and Gifts Federal State Local Nongovernmental Gain on Disposal of Capital Assets Loss on Disposal of Capital Assets Special Item Transfer
Total Capital Contributions
Increase (Decrease) in Net Position
Net Position - Beginning of Year, Restated
Net Position - End of Year

SOUTHERN CRESCENT

SOUTHERN REGIONAL

WEST GEORGIA

WIREGRASS GEORGIA

$

12,106,315.54 $

(55,648.42)

(5,736,392.37)

167,250.00 3,195.00
1,851,986.58 4,047.90

8,340,754.23

9,450,649.89 $ -
(3,142,261.78)
50,228.53 154,976.75 1,158,520.13
-
7,672,113.52

16,196,698.33 $ (355,087.67)
(5,701,840.97)
175,802.24 89,179.41
2,889,866.26 235.00
13,294,852.60

8,945,939.16 -
(2,281,283.62)
69,135.26 -
3,387,496.75 5,773.30
10,127,060.85

17,871,720.52 5,938,651.25 116,389.64
11,008,663.42 1,225,835.43 2,726,353.71 2,055,094.95
40,942,708.92
(32,601,954.69)

15,960,232.00 6,068,448.67 200,849.71 6,754,893.77 1,528,929.00 4,480,444.57 2,993,903.47
37,987,701.19
(30,315,587.67)

21,952,619.73 7,854,404.45 153,273.88 5,665,709.85 1,776,206.10 4,912,867.04 3,792,592.08
46,107,673.13
(32,812,820.53)

15,884,557.46 5,648,384.71 191,747.02 5,544,193.89 1,053,871.94 5,693,125.51 2,513,457.06
36,529,337.59
(26,402,276.74)

14,136,623.13
18,292,809.85 147,779.46 323,632.06 18.52 (423.17) (310,251.52)
32,590,188.33
(11,766.36)

16,302,803.20
12,200,740.96 214,401.80 447,037.21 3,974.19 (8,198.64) 667,957.90 (447,037.21)
29,381,679.41
(933,908.26)

19,438,515.59
13,660,644.55 -
1,347,342.62 -
(3,957.90) -
(1,347,342.63)
33,095,202.23
282,381.70

13,648,279.50
10,759,635.32 1,126,120.53 1,178.99 2,328,461.34 (6,695.27) 149,552.80 (980,218.34)
27,026,314.87
624,038.13

286,364.10
0.01 52,702.03
339,066.14
327,299.78
3,426,467.39

698,301.60
48,822.08
13,530.98
760,654.66
(173,253.60)
24,928,559.93

1,938,697.54
85,675.00 7,228.00
115,000.00 -
30,347.32
2,176,947.86
2,459,329.56
8,063,444.65

1,370,729.27
88,300.00
13,530.98
1,472,560.25
2,096,598.38
13,807,239.27

$

3,753,767.17 $

24,755,306.33 $

10,522,774.21 $

15,903,837.65

- 12 -

TECHNICAL COLLEGE SYSTEM OF GEORGIA COMBINING STATEMENT OF CASH FLOWS - (GAAP BASIS)
YEAR ENDED JUNE 30, 2018

CASH FLOWS FROM OPERATING ACTIVITIES Tuition and Fees Grants and Contracts Sales and Services of Educational Departments Payments to Suppliers Payments to Employees Payments for Scholarships and Fellowships Other Receipts (Payments)
Net Cash Used by Operating Activities
CASH FLOWS FROM NONCAPITAL FINANCING ACTIVITIES State Appropriations Agency Funds Transactions Gifts and Grants Received for Other than Capital Purposes Other Nonoperating Receipts (Payments)
Net Cash Flows Provided by Noncapital Financing Activities
CASH FLOWS FROM CAPITAL AND RELATED FINANCING ACTIVITIES Capital Grants and Gifts Received Proceeds from Sale of Capital Assets Purchases of Capital Assets Principal Paid on Capital Debt and Lease Interest Paid on Capital Debt and Lease
Net Cash Used by Capital and Related Financing Activities
CASH FLOWS FROM INVESTING ACTIVITIES Earnings on Investments Purchase of Investments
Net Cash Provided by Investing Activities
Net Increase/Decrease in Cash
Cash and Cash Equivalents - Beginning of Year

TOTAL

ADMINISTRATIVE SYSTEM OFFICE

$

157,971,425.40 $

(1,131,448.06)

41,647,921.42

(315,226,851.75)

(370,074,097.15)

(128,159,673.49)

2,671,675.89

- $ 1,245,429.02 (31,679,188.13) (17,152,327.83) 127,270.18

(612,301,047.74)

(47,458,816.76)

ALBANY
4,980,870.87 $ 98,576.40
1,330,688.76 (12,057,571.21) (13,068,144.05)
(7,590,052.87) 4,950.00
(26,300,682.10)

ATHENS
7,890,435.34 (481,509.20)
1,401,259.95 (11,471,085.60) (15,526,321.88)
(5,361,582.23) 15,796.21
(23,533,007.41)

366,671,020.27 1,290,130.67
275,143,148.92 (13,617,755.11)
629,486,544.75

51,990,510.94 6,485.62
(1,827,995.50) 3,095,181.16
53,264,182.22

11,660,119.11 (83,140.17)
14,746,354.36 (468,006.90)
25,855,326.40

12,376,979.40 (130,081.70)
13,488,346.15 (1,086,476.60)
24,648,767.25

10,574,993.68 191,723.63
(24,988,969.01) (1,592,082.58) (50,545.18)
(15,864,879.46)

86,604.00 -
(1,032,630.52) (757,335.00) -
(1,703,361.52)

931,345.92 -
(1,083,321.28) (119,362.30) (10,723.03)
(282,060.69)

1,140,459.31 -
(1,717,749.43) -
(577,290.12)

66,812.50 (77.54)
66,734.96 1,387,352.51 52,884,812.56

4,102,003.94 439,362.65

1,926.66 -
1,926.66 (725,489.73) 1,022,481.56

538,469.72 3,480,292.07

Cash and Cash Equivalents - End of Year
RECONCILIATION OF OPERATING LOSS TO NET CASH USED BY OPERATING ACTIVITIES:
Operating Loss Depreciation Expense Change in Assets and Liabilities: Accounts Receivables, Net Prepaid Items Inventories Other Assets Net OPEB Asset Accounts Payable Accrued Payroll (Salaries Payable) Deferred Revenue Compensated Absences Other Liabilities Net OPEB Liability Net Pension Liability Change in Deferred Inflows/Outflows of Resources: Deferred Inflows of Resources Deferred Outflows of Resources
Net Cash Used by Operating Activities
NONCASH ACTIVITY Gift of Capital Assets Reducing Proceeds of Capital Grants and Gifts
Fixed Assets Acquired by Incurring Capital Lease Obligations

$

54,272,165.07 $

4,541,366.59 $

296,991.83 $

4,018,761.79

$

(632,343,320.61) $

63,099,311.04

(6,841,126.43) 41,942.22
(107,059.61) (43,505.34)
(1,927,435.00) 3,531,326.82
32,191.12 7,947,479.84
537,998.36 57,351.29
(78,148,363.00) (71,318,794.00)

47,221,977.00 55,958,978.56

(51,520,757.60) $ 3,453,961.12
11,823.57
(222,096.00) 3,328,584.11 (12,599.08) 208,112.40 (4,614,022.00) (4,335,242.00)
3,017,441.00 3,225,977.72

(26,106,535.30) $ 1,810,890.50
(96,699.24) 3,169.60
(42,777.53) -
(31,571.00) (127,537.46)
19,257.38 72,476.59
3,296.36 -
(3,043,007.00) (2,871,531.00)
1,855,677.00 2,254,209.00

(23,607,768.88) 2,705,078.01
(569,725.83) 4,810.60 -
(34,615.00) 143,879.31 (23,644.15) (29,516.71) (17,603.76)
(4,367,553.00) (3,715,880.00)
3,328,188.00 2,651,344.00

$

(612,301,047.74) $

(47,458,816.76) $

(26,300,682.10) $

(23,533,007.41)

$

11,717,916.12 $

$

193,373.00 $

- $ - $

88,727.94 $ 14,774.00 $

1,184,474.32 -

- 13 -

TECHNICAL COLLEGE SYSTEM OF GEORGIA COMBINING STATEMENT OF CASH FLOWS - (GAAP BASIS)
YEAR ENDED JUNE 30, 2018

CASH FLOWS FROM OPERATING ACTIVITIES Tuition and Fees Grants and Contracts Sales and Services of Educational Departments Payments to Suppliers Payments to Employees Payments for Scholarships and Fellowships Other Receipts (Payments)
Net Cash Used by Operating Activities
CASH FLOWS FROM NONCAPITAL FINANCING ACTIVITIES State Appropriations Agency Funds Transactions Gifts and Grants Received for Other than Capital Purposes Other Nonoperating Receipts (Payments)
Net Cash Flows Provided by Noncapital Financing Activities
CASH FLOWS FROM CAPITAL AND RELATED FINANCING ACTIVITIES Capital Grants and Gifts Received Proceeds from Sale of Capital Assets Purchases of Capital Assets Principal Paid on Capital Debt and Lease Interest Paid on Capital Debt and Lease
Net Cash Used by Capital and Related Financing Activities
CASH FLOWS FROM INVESTING ACTIVITIES Earnings on Investments Purchase of Investments
Net Cash Provided by Investing Activities
Net Increase/Decrease in Cash
Cash and Cash Equivalents - Beginning of Year
Cash and Cash Equivalents - End of Year
RECONCILIATION OF OPERATING LOSS TO NET CASH USED BY OPERATING ACTIVITIES:
Operating Loss Depreciation Expense Change in Assets and Liabilities: Accounts Receivables, Net Prepaid Items Inventories Other Assets Net OPEB Asset Accounts Payable Accrued Payroll (Salaries Payable) Deferred Revenue Compensated Absences Other Liabilities Net OPEB Liability Net Pension Liability Change in Deferred Inflows/Outflows of Resources: Deferred Inflows of Resources Deferred Outflows of Resources
Net Cash Used by Operating Activities
NONCASH ACTIVITY Gift of Capital Assets Reducing Proceeds of Capital Grants and Gifts
Fixed Assets Acquired by Incurring Capital Lease Obligations

ATLANTA

AUGUSTA

CENTRAL GEORGIA

CHATTAHOOCHEE

$

5,310,623.09 $

5,350,405.14 $

10,924,894.38 $

177,957.17

(202,562.46)

200,704.06

1,645,856.07

983,594.78

5,184,775.74

(13,710,248.33)

(12,392,076.39)

(20,529,979.83)

(15,179,508.54)

(16,498,993.74)

(30,158,425.60)

(7,600,535.15)

(6,112,144.45)

(12,372,954.64)

2,730.00

23,972.63

70,538.85

19,812,908.21 (2,715,191.88) 2,766,654.01 (21,730,228.26) (27,179,454.50) (7,455,486.49)
298,992.98

(29,353,125.69)

(28,847,804.49)

(46,680,447.04)

(36,201,805.93)

13,391,276.25 5,851.94
16,649,611.98 (105,736.38)
29,941,003.79

14,332,653.46 48,858.48
15,683,463.06 (831,267.99)
29,233,707.01

23,913,462.32 (98,444.18)
25,064,116.42 (1,181,626.34)
47,697,508.22

21,495,492.85 (95,541.76)
15,788,376.92 (605,236.96)
36,583,091.05

433,646.99 -
(1,006,538.08) -
(572,891.09)

131,485.01 -
(597,407.53) -
(465,922.52)

(284,789.90) (40,734.41) (331.47)
(325,855.78)

388,913.97 -
(1,367,148.79) (16,589.07) (1,638.93)
(996,462.82)

8,350.81 -
8,350.81 23,337.82 1,647,966.43

871.92 -
871.92 (79,148.08) 3,990,335.66

116.64 (77.54) 39.10 691,244.50 (283,174.55)

111.74 -
111.74 (615,065.96) 7,404,185.20

$

1,671,304.25 $

3,911,187.58 $

408,069.95 $

6,789,119.24

$

(28,931,586.05) $

(31,323,623.76) $

(46,928,970.51) $

2,339,098.96

5,454,967.90

4,119,583.28

(183,282.59) (109,068.02)
(90,722.94) (3,591.91)
(23,212.00) (145,209.34) 155,469.79 118,163.10
47,808.34 -
(2,967,771.00) (3,362,911.00)

(484,361.70) -
(67,354.87) -
(177,833.00) (103,825.26)
63,862.76 (25,403.90)
(3,215,791.00) (3,462,118.00)

(892,625.53) (7,310.73) -
(187,787.00) 2,263,062.18
(5,425.95) 137,684.72
93,741.50 -
(8,895,658.00) (8,276,835.00)

1,538,597.00 2,265,091.97

1,995,822.00 2,497,854.34

7,163,440.00 4,736,654.00

$

(29,353,125.69) $

(28,847,804.49) $

(46,680,447.04) $

(34,812,386.92) 3,876,271.50
(2,663,186.10) (55,523.80) -
(136,008.00) 324,063.45
111.06 1,154,153.10
130,578.83 -
(6,400,323.00) (6,000,513.00)
3,808,706.00 4,572,250.95
(36,201,805.93)

$

- $

154,575.65 $

2,128,585.98 $

131,977.60

$

- $

- $

- $

-

- 14 -

TECHNICAL COLLEGE SYSTEM OF GEORGIA COMBINING STATEMENT OF CASH FLOWS - (GAAP BASIS)
YEAR ENDED JUNE 30, 2018

CASH FLOWS FROM OPERATING ACTIVITIES Tuition and Fees Grants and Contracts Sales and Services of Educational Departments Payments to Suppliers Payments to Employees Payments for Scholarships and Fellowships Other Receipts (Payments)
Net Cash Used by Operating Activities
CASH FLOWS FROM NONCAPITAL FINANCING ACTIVITIES State Appropriations Agency Funds Transactions Gifts and Grants Received for Other than Capital Purposes Other Nonoperating Receipts (Payments)
Net Cash Flows Provided by Noncapital Financing Activities
CASH FLOWS FROM CAPITAL AND RELATED FINANCING ACTIVITIES Capital Grants and Gifts Received Proceeds from Sale of Capital Assets Purchases of Capital Assets Principal Paid on Capital Debt and Lease Interest Paid on Capital Debt and Lease
Net Cash Used by Capital and Related Financing Activities
CASH FLOWS FROM INVESTING ACTIVITIES Earnings on Investments Purchase of Investments
Net Cash Provided by Investing Activities
Net Increase/Decrease in Cash
Cash and Cash Equivalents - Beginning of Year
Cash and Cash Equivalents - End of Year
RECONCILIATION OF OPERATING LOSS TO NET CASH USED BY OPERATING ACTIVITIES:
Operating Loss Depreciation Expense Change in Assets and Liabilities: Accounts Receivables, Net Prepaid Items Inventories Other Assets Net OPEB Asset Accounts Payable Accrued Payroll (Salaries Payable) Deferred Revenue Compensated Absences Other Liabilities Net OPEB Liability Net Pension Liability Change in Deferred Inflows/Outflows of Resources: Deferred Inflows of Resources Deferred Outflows of Resources
Net Cash Used by Operating Activities
NONCASH ACTIVITY Gift of Capital Assets Reducing Proceeds of Capital Grants and Gifts
Fixed Assets Acquired by Incurring Capital Lease Obligations

COASTAL PINES

$

5,568,640.10 $

(16,508.13)

893,168.13

(11,246,120.85)

(10,759,581.94)

(3,490,590.24)

30,470.55

(19,020,522.38)

COLUMBUS

GEORGIA NORTHWESTERN

6,089,937.05 $ 192,852.38 810,846.74
(8,424,509.74) (12,498,856.47)
(4,814,574.14) 123,528.81

7,435,386.31 $ 43,363.50
1,023,936.25 (14,202,781.00) (18,378,506.23)
(5,773,522.87) 19,509.65

(18,520,775.37)

(29,832,614.39)

GEORGIA PIEDMONT
1,095,638.52 45,254.13
3,554,435.98 (12,756,972.84) (18,109,558.20)
(4,648,984.46) 2,851,254.43
(27,968,932.44)

13,924,165.89 (55,019.16)
6,148,990.02 (196,790.33)
19,821,346.42

11,019,626.34 (24,730.63)
11,622,796.83 (3,605,186.05)
19,012,506.49

17,886,233.19 (7,657.84)
14,587,313.89 (645,954.12)
31,819,935.12

20,515,855.59 358,915.65
8,837,604.75 (629,081.97)
29,083,294.02

937,792.81 -
(2,297,162.28) -
(1,359,369.47)

2,299,917.17 -
(2,663,787.55) (16,297.95) (7,453.81)
(387,622.14)

188,538.90 -
(2,062,865.29) -
(1,874,326.39)

37,289.10 -
(635,089.56) (193,570.84)
-
(791,371.30)

1,052.93 -
1,052.93 (557,492.50) 4,581,683.50

9.39 -
9.39 104,118.37 3,636,145.18

45,841.70 -
45,841.70 158,836.04 2,085,334.47

169.73 -
169.73 323,160.01 (187,323.72)

$

4,024,191.00 $

3,740,263.55 $

2,244,170.51 $

135,836.29

$

(19,914,042.28) $ (21,222,499.91) $

(29,791,079.80) $

(30,345,221.74)

2,402,708.26

2,009,583.57

2,927,557.23

1,778,936.97

(183,007.07) 156,299.25
49,394.60 -
(35,711.00) 237,937.63
5,103.25 66,056.00 (17,926.02)
(2,095,627.00) (2,016,051.00)

(2,509.50) (45,055.85)
(46,206.00) 361,360.02
1,979,332.60
(7,571.13) -
(2,761,243.00) (2,619,880.00)

(59,678.94) (11,217.93)
(152,117.00) (96,522.55) (34,522.43) 271,685.43 13,827.67 (5,035,086.00) (4,687,393.00)

477,666.74 78,885.06
212,433.26 (432.01)
(68,057.00) 1,584,501.65
5,539.85 224,308.10 (118,359.38)
56,302.32 (2,857,612.00) (2,462,419.00)

840,636.00 1,483,707.00

1,615,287.00 2,218,626.83

3,823,667.00 2,998,265.93

1,059,540.00 2,405,054.74

$

(19,020,522.38) $ (18,520,775.37) $

(29,832,614.39) $

(27,968,932.44)

$

94,490.27 $

$

- $

- $ - $

353,216.00 $ - $

908,838.57 -

- 15 -

TECHNICAL COLLEGE SYSTEM OF GEORGIA COMBINING STATEMENT OF CASH FLOWS - (GAAP BASIS)
YEAR ENDED JUNE 30, 2018

CASH FLOWS FROM OPERATING ACTIVITIES Tuition and Fees Grants and Contracts Sales and Services of Educational Departments Payments to Suppliers Payments to Employees Payments for Scholarships and Fellowships Other Receipts (Payments)
Net Cash Used by Operating Activities
CASH FLOWS FROM NONCAPITAL FINANCING ACTIVITIES State Appropriations Agency Funds Transactions Gifts and Grants Received for Other than Capital Purposes Other Nonoperating Receipts (Payments)
Net Cash Flows Provided by Noncapital Financing Activities
CASH FLOWS FROM CAPITAL AND RELATED FINANCING ACTIVITIES Capital Grants and Gifts Received Proceeds from Sale of Capital Assets Purchases of Capital Assets Principal Paid on Capital Debt and Lease Interest Paid on Capital Debt and Lease
Net Cash Used by Capital and Related Financing Activities
CASH FLOWS FROM INVESTING ACTIVITIES Earnings on Investments Purchase of Investments
Net Cash Provided by Investing Activities
Net Increase/Decrease in Cash
Cash and Cash Equivalents - Beginning of Year
Cash and Cash Equivalents - End of Year
RECONCILIATION OF OPERATING LOSS TO NET CASH USED BY OPERATING ACTIVITIES:
Operating Loss Depreciation Expense Change in Assets and Liabilities: Accounts Receivables, Net Prepaid Items Inventories Other Assets Net OPEB Asset Accounts Payable Accrued Payroll (Salaries Payable) Deferred Revenue Compensated Absences Other Liabilities Net OPEB Liability Net Pension Liability Change in Deferred Inflows/Outflows of Resources: Deferred Inflows of Resources Deferred Outflows of Resources
Net Cash Used by Operating Activities
NONCASH ACTIVITY Gift of Capital Assets Reducing Proceeds of Capital Grants and Gifts
Fixed Assets Acquired by Incurring Capital Lease Obligations

GWINNETT

LANIER

$

17,851,596.69 $

10,789,918.74 $

225,929.62

958,629.30

4,289,414.36

1,643,524.93

(23,971,062.54)

(11,594,287.01)

(27,356,533.77)

(15,403,021.50)

(8,157,008.71)

(3,728,407.80)

526,466.27

(3,210,874.84)

(36,591,198.08)

(20,544,518.18)

NORTH GEORGIA
4,320,771.11 $ 92,379.29
1,774,243.92 (9,167,983.40) (10,752,737.03) (4,368,799.91)
233,949.67
(17,868,176.35)

OGEECHEE
3,872,864.78 48,424.00
751,437.45 (6,363,413.05) (8,884,411.10) (2,961,827.96)
62,207.59
(13,474,718.29)

18,309,554.79 1,255,300.51
18,660,453.58 (978,714.15)
37,246,594.73

11,427,060.09 (4,767.83)
7,428,734.12 (152,333.48)
18,698,692.90

10,191,837.80 22,149.90
8,069,993.38 (553,822.67)
17,730,158.41

8,533,842.74 (12,141.09)
5,699,669.12 (314,337.92)
13,907,032.85

(104,870.60) -
(907,200.45) -
(1,012,071.05)

501,268.33 5,858.95
(581,833.79) (56,282.49) (10,665.13)
(141,654.13)

(678,039.94) -
(678,039.94)

371,020.75 19,553.30
(616,958.25) -
(226,384.20)

(356,674.40) 7,229,069.68

(1,987,479.41) 2,068,593.57

2,858.29 -
2,858.29 (813,199.59) 2,126,412.72

796.87 -
796.87 206,727.23 2,112,868.29

$

6,872,395.28 $

81,114.16 $

1,313,213.13 $

2,319,595.52

$

(36,107,055.06) $

(20,462,297.62) $

3,558,919.64

2,794,865.61

(1,316,821.54) 1,451.88 -
(100,029.00) (2,758,676.54)
13,756.72 1,523,410.58
9,015.99 -
(3,654,856.00) (3,534,651.00)

(1,580,432.69) (1,133.60)
(378,557.74) -
(68,331.00) (1,194,171.24)
(26,526.96) 1,800,268.61
101,089.88 -
(2,898,013.00) (2,388,024.00)

2,396,835.00 3,377,501.25

2,119,732.00 1,637,013.57

$

(36,591,198.08) $

(20,544,518.18) $

(19,174,085.16) $ 2,406,159.51
(20,539.29) (65,749.58)
(45,342.00) 116,252.89 (25,991.04) (45,254.05) 49,955.37
(1,938,611.00) (1,340,093.00)
826,709.00 1,388,412.00

(14,667,684.07) 1,883,098.32
10,912.22 (3,599.37) 40,615.86
(28,256.00)
2,870.05 (16,021.80) 15,022.31 (17,367.81)
(1,960,237.00)
(434,246.00)
838,428.00 861,747.00

(17,868,176.35) $

(13,474,718.29)

$

739,304.22 $

57,700.00 $

$

- $

133,010.00 $

968,960.30 $ - $

178,510.27 -

- 16 -

TECHNICAL COLLEGE SYSTEM OF GEORGIA COMBINING STATEMENT OF CASH FLOWS - (GAAP BASIS)
YEAR ENDED JUNE 30, 2018

CASH FLOWS FROM OPERATING ACTIVITIES Tuition and Fees Grants and Contracts Sales and Services of Educational Departments Payments to Suppliers Payments to Employees Payments for Scholarships and Fellowships Other Receipts (Payments)
Net Cash Used by Operating Activities
CASH FLOWS FROM NONCAPITAL FINANCING ACTIVITIES State Appropriations Agency Funds Transactions Gifts and Grants Received for Other than Capital Purposes Other Nonoperating Receipts (Payments)
Net Cash Flows Provided by Noncapital Financing Activities
CASH FLOWS FROM CAPITAL AND RELATED FINANCING ACTIVITIES Capital Grants and Gifts Received Proceeds from Sale of Capital Assets Purchases of Capital Assets Principal Paid on Capital Debt and Lease Interest Paid on Capital Debt and Lease
Net Cash Used by Capital and Related Financing Activities
CASH FLOWS FROM INVESTING ACTIVITIES Earnings on Investments Purchase of Investments
Net Cash Provided by Investing Activities
Net Increase/Decrease in Cash
Cash and Cash Equivalents - Beginning of Year
Cash and Cash Equivalents - End of Year
RECONCILIATION OF OPERATING LOSS TO NET CASH USED BY OPERATING ACTIVITIES:
Operating Loss Depreciation Expense Change in Assets and Liabilities: Accounts Receivables, Net Prepaid Items Inventories Other Assets Net OPEB Asset Accounts Payable Accrued Payroll (Salaries Payable) Deferred Revenue Compensated Absences Other Liabilities Net OPEB Liability Net Pension Liability Change in Deferred Inflows/Outflows of Resources: Deferred Inflows of Resources Deferred Outflows of Resources
Net Cash Used by Operating Activities
NONCASH ACTIVITY Gift of Capital Assets Reducing Proceeds of Capital Grants and Gifts
Fixed Assets Acquired by Incurring Capital Lease Obligations

OCONEE FALL LINE

SAVANNAH

SOUTHEASTERN

SOUTH GEORGIA

$

1,937,180.49 $

6,651,436.56 $

370,847.95

146,538.12

1,052,969.92

31,409.05

(7,598,239.14)

(12,338,287.37)

(9,211,538.09)

(15,542,752.32)

(2,207,900.94)

(5,063,814.04)

277,883.96

104,526.12

3,198,749.47 $ 57,192.41
823,905.15 (6,447,763.44) (8,461,731.28) (2,814,340.59)
67,930.69

4,340,021.22 (906,684.41)
1,131,833.59 (9,435,268.91) (8,407,575.36) (4,663,685.07)
776,240.94

(15,378,795.85)

(26,010,943.88)

(13,576,057.59)

(17,165,118.00)

9,518,670.21 72,273.15
6,055,697.90 (567,775.69)
15,078,865.57

14,033,102.37 49,923.27
14,377,313.96 (445,957.39)
28,014,382.21

9,023,706.47 22,120.64
5,414,022.65 (941,250.46)
13,518,599.30

9,600,649.04 6,867.03
8,137,904.79 (251,791.42)
17,493,629.44

(391,104.27) -
(391,104.27)

395,870.94 -
(808,259.32) -
(412,388.38)

1,336,799.38 -
(1,465,883.54) (62,983.75) (457.83)
(192,525.74)

495,941.36 -
(584,270.69) -
(88,329.33)

(691,034.55) 1,137,705.79

1,591,049.95 1,014,499.43

(249,984.03) 1,649,137.07

713.11 -
713.11 240,895.22
72,008.79

$

446,671.24 $

2,605,549.38 $

1,399,153.04 $

312,904.01

$

(16,232,701.41) $

(27,493,627.74) $

1,967,863.55

2,525,183.07

290,360.12 (54,716.28)
9,621.17 -
(27,208.00) 81,703.11 (23,014.97) (86,814.65) 30,108.54
1,048.97 (1,952,261.00) (1,468,980.00)

28,152.83 6,446.87
110,923.07 -
(47,931.00) 174,360.23
22,317.83 33,634.95 (14,574.99)
(3,048,517.00) (2,838,894.00)

849,379.00 1,236,816.00

1,818,189.00 2,713,393.00

$

(15,378,795.85) $

(26,010,943.88) $

(14,271,705.52) $ 2,090,482.28
28,155.76 2,104.18
(19,508.89) (12.81)
(73,933.00) 91,655.66 (21,808.29) (6,440.40) (42,819.56)
(1,968,147.00) (1,790,271.00)
1,109,012.00 1,297,179.00

(17,297,051.65) 1,639,054.20
(421,631.00) (261.09)
18,579.68 -
(89,351.00) (72,781.46)
6,707.27 171,461.68 (22,814.63)
(2,017,805.00) (2,009,214.00)
1,676,386.00 1,253,603.00

(13,576,057.59) $

(17,165,118.00)

$

2,712.45 $

906,977.43 $

$

- $

- $

24,067.13 $ - $

242,638.76 -

- 17 -

TECHNICAL COLLEGE SYSTEM OF GEORGIA COMBINING STATEMENT OF CASH FLOWS - (GAAP BASIS)
YEAR ENDED JUNE 30, 2018

CASH FLOWS FROM OPERATING ACTIVITIES Tuition and Fees Grants and Contracts Sales and Services of Educational Departments Payments to Suppliers Payments to Employees Payments for Scholarships and Fellowships Other Receipts (Payments)
Net Cash Used by Operating Activities
CASH FLOWS FROM NONCAPITAL FINANCING ACTIVITIES State Appropriations Agency Funds Transactions Gifts and Grants Received for Other than Capital Purposes Other Nonoperating Receipts (Payments)
Net Cash Flows Provided by Noncapital Financing Activities
CASH FLOWS FROM CAPITAL AND RELATED FINANCING ACTIVITIES Capital Grants and Gifts Received Proceeds from Sale of Capital Assets Purchases of Capital Assets Principal Paid on Capital Debt and Lease Interest Paid on Capital Debt and Lease
Net Cash Used by Capital and Related Financing Activities
CASH FLOWS FROM INVESTING ACTIVITIES Earnings on Investments Purchase of Investments
Net Cash Provided by Investing Activities
Net Increase/Decrease in Cash
Cash and Cash Equivalents - Beginning of Year
Cash and Cash Equivalents - End of Year
RECONCILIATION OF OPERATING LOSS TO NET CASH USED BY OPERATING ACTIVITIES:
Operating Loss Depreciation Expense Change in Assets and Liabilities: Accounts Receivables, Net Prepaid Items Inventories Other Assets Net OPEB Asset Accounts Payable Accrued Payroll (Salaries Payable) Deferred Revenue Compensated Absences Other Liabilities Net OPEB Liability Net Pension Liability Change in Deferred Inflows/Outflows of Resources: Deferred Inflows of Resources Deferred Outflows of Resources
Net Cash Used by Operating Activities
NONCASH ACTIVITY Gift of Capital Assets Reducing Proceeds of Capital Grants and Gifts
Fixed Assets Acquired by Incurring Capital Lease Obligations

SOUTHERN CRESCENT

SOUTHERN REGIONAL

WEST GEORGIA

WIREGRASS GEORGIA

$

6,343,774.22 $

167,250.00

1,851,986.58

(12,226,572.04)

(17,754,445.27)

(11,008,663.42)

53,635.35

6,727,913.43 $ 50,228.53
1,158,520.13 (14,142,659.88) (15,912,480.64)
(6,754,893.77) 115,508.14

10,851,055.08 $ 175,802.24
2,889,866.26 (17,406,880.89) (22,052,927.64)
(5,665,709.85) 89,414.41

6,626,404.60 139,078.92
3,408,164.65 (14,333,671.90) (15,824,264.17)
(5,544,193.89) 5,773.30

(32,573,034.58)

(28,757,864.06)

(31,119,380.39)

(25,522,708.49)

14,136,623.13 133,817.60
18,664,039.65 (310,251.52)
32,624,228.86

16,302,803.20 (152,244.05)
12,771,214.66 149,431.35
29,071,205.16

19,438,515.59 1,686.62
14,872,152.17 (1,705,894.65)
32,606,459.73

13,648,279.50 (30,351.33)
14,202,974.06 (1,284,874.63)
26,536,027.60

118,106.25 -
(323,088.82) (571.40) (423.17)
(205,977.14)

662,947.90 -
(819,116.69) (102,310.53)
(8,198.64)
(266,677.96)

115,000.00 (1,099,180.86) (24,293.00)
(3,957.90)
(1,012,431.76)

221,916.19 51,311.38
(1,965,542.18) (201,751.84) (6,695.27)
(1,900,761.72)

18.52 -
18.52 (154,764.34) 2,321,562.49

3,974.19 -
3,974.19 50,637.33 971,291.04

474,647.58 1,784,327.27

(887,442.61) 2,580,047.97

$

2,166,798.15 $

1,021,928.37 $

2,258,974.85 $

1,692,605.36

$

(32,601,954.69) $

2,055,094.95

(99.18) 4,518.95 (98,346.94)
(63,256.00) (129,528.27) 11,903.26 75,991.10 105,371.99
(3,363,151.00) (3,053,341.00)

1,996,303.00 2,487,459.25

(30,315,587.67) $ 2,993,903.47
316,714.24 29,279.82 93,780.08 (39,468.61) (96,379.00)
(120,226.83) (31,163.17) 102,811.08 78,914.53 -
(3,053,794.00) (3,897,959.00)
404,266.00 4,777,045.00

(32,812,820.53) $ 3,792,592.08
415,256.19 5,528.01
87,160.54 -
(113,738.00) (435,438.53)
32,573.41 296,029.20 (129,506.01)
(4,036,087.00) (3,618,239.00)
2,166,629.00 3,230,680.25

(26,402,276.74) 2,513,457.06
43,206.88 3,504.04
78,506.47 -
(58,468.00) 5,014.01
(19,830.86) 9,153.74
80,124.15 -
(2,003,191.00) (1,134,109.00)
973,108.00 389,092.76

$

(32,573,034.58) $

(28,757,864.06) $

(31,119,380.39) $

(25,522,708.49)

$

168,257.85 $

$

45,589.00 $

115,187.76 $ - $

2,031,600.54 $ - $

1,237,113.08 -

- 18 -

SUPPLEMENTARY INFORMATION

ASSETS
Cash and Cash Equivalents Investments Accounts Receivable
State Appropriation Federal Financial Assistance Other Prepaid Expenditures Inventories Other Assets
Total Assets
LIABILITIES AND FUND EQUITY
Liabilities: Cash Overdraft Accounts Payable Encumbrance Payable Salaries Payable Unearned Revenue Funds Held for Others Other Liabilities
Total Liabilities
Fund Balances: Reserved Federal Financial Assistance Refunds to Grantor Local Grants and Contracts Sales and Services Live Work Projects Prior Year Local Funds State Appropriations Continuing Education Technology Fee Uncollectible Accounts Inventories Bookstore Tuition Other Reserves
Unreserved Undesignated Surplus
Total Fund Balances
Total Liabilities and Fund Balances

TECHNICAL COLLEGE SYSTEM OF GEORGIA COMBINING BALANCE SHEET (NON GAAP BASIS)
BUDGET FUND JUNE 30, 2018

TOTAL

ADMINISTRATIVE SYSTEM OFFICE

ALBANY

ATHENS

$

60,293,911.00 $

77,283.80

4,534,199.51 $ -

11,243,199.37 19,630,408.77 74,113,660.31
2,729,021.51 7,585,559.42
23,749.02

11,243,199.37 8,536,264.89
20,514,434.75 492,261.16 1,549.81

777,786.27 $ -
490,462.77 700,708.23
8,476.46 222,353.67
-

4,249,530.52 -
744,117.32 2,261,179.63
67,101.32 -

$

175,696,793.20 $

45,321,909.49 $

2,199,787.40 $

7,321,928.79

$

254,120.70 $

16,995,292.74

52,084,274.78

1,938,497.78

35,558,393.26

209,593.34

40,254.27

107,080,426.87

- $ 5,661,249.97 29,255,264.27
12,815.04 -
34,929,329.28

- $ 220,812.21 535,575.65
57,754.25 932,243.32
10,169.06 -
1,756,554.49

320,012.49 1,988,794.56 127,711.16 678,615.36
-
3,115,133.57

179,446.83 374,556.55
4,000.00 3,771,557.64 2,420,271.43 1,373,416.84 10,345,472.00 2,058,642.54 13,917,931.55 3,171,425.42 3,448,034.78 12,028,622.39 12,302,136.42 3,032,299.44

600.00 -
10,345,472.00 -

15,347.48 2,001.21 -
284,044.73 10,191.52 3,946.22 62,247.82 58,000.00 3,348.48 2,499.39 -

164,035.29 10,365.84 183,188.11 148,968.84 2,599,551.84 9,069.00 1,090,566.10 -

188,552.50 68,616,366.33

46,508.21 10,392,580.21

1,606.06 443,232.91

1,050.20 4,206,795.22

$

175,696,793.20 $

45,321,909.49 $

2,199,787.40 $

7,321,928.79

- 20 -

ASSETS
Cash and Cash Equivalents Investments Accounts Receivable
State Appropriation Federal Financial Assistance Other Prepaid Expenditures Inventories Other Assets
Total Assets
LIABILITIES AND FUND EQUITY
Liabilities: Cash Overdraft Accounts Payable Encumbrance Payable Salaries Payable Unearned Revenue Funds Held for Others Other Liabilities
Total Liabilities
Fund Balances: Reserved Federal Financial Assistance Refunds to Grantor Local Grants and Contracts Sales and Services Live Work Projects Prior Year Local Funds State Appropriations Continuing Education Technology Fee Uncollectible Accounts Inventories Bookstore Tuition Other Reserves
Unreserved Undesignated Surplus
Total Fund Balances
Total Liabilities and Fund Balances

TECHNICAL COLLEGE SYSTEM OF GEORGIA COMBINING BALANCE SHEET (NON GAAP BASIS)
BUDGET FUND JUNE 30, 2018

ATLANTA

AUGUSTA

CENTRAL GEORGIA

CHATTAHOOCHEE

$

1,975,736.82 $

2,487,884.45 $

-

20,000.00

922,399.96 2,932,396.39 166,467.28 943,445.55
3,550.11

210,391.02 1,775,680.58
748,265.10
1,830.94

997,154.11 $ 57,283.80
716,922.88 6,058,096.55
26,855.21 -

7,874,239.52 -
913,533.45 9,141,595.22 270,447.81
-

$

6,943,996.11 $

5,244,052.09 $

7,856,312.55 $

18,199,816.00

$

- $

132,295.02

1,175,490.40

187,125.54

2,256,966.00

28,751.56

-

- $ 896,011.16 741,375.02 -

3,780,628.52

1,637,386.18

62,630.86 29,908.19 31,102.64 272,783.64 500,266.02 222,928.97 894,606.48 1,138,751.69 -

122,741.21 119,446.07 192,731.37 129,783.44 748,265.10 2,076,749.14 216,920.82 -

10,389.10 3,163,367.59

28.76 3,606,665.91

$

6,943,996.11 $

5,244,052.09 $

- $ 4,480,607.33 1,118,459.61
21,003.27 1,211,053.23
40,557.91 -
6,871,681.35

1,151,406.00 4,852,746.07
8,683,054.33
52,935.57 -
14,740,141.97

556,561.90 38,418.09 109,067.54 10,253.91 131,466.31 138,863.45 -

155,660.09 -
251,462.31 77,837.72 -
1,426,261.87 48,675.25 -
1,491,778.38 -

984,631.20

7,998.41 3,459,674.03

7,856,312.55 $

18,199,816.00

- 21 -

ASSETS
Cash and Cash Equivalents Investments Accounts Receivable
State Appropriation Federal Financial Assistance Other Prepaid Expenditures Inventories Other Assets
Total Assets
LIABILITIES AND FUND EQUITY
Liabilities: Cash Overdraft Accounts Payable Encumbrance Payable Salaries Payable Unearned Revenue Funds Held for Others Other Liabilities
Total Liabilities
Fund Balances: Reserved Federal Financial Assistance Refunds to Grantor Local Grants and Contracts Sales and Services Live Work Projects Prior Year Local Funds State Appropriations Continuing Education Technology Fee Uncollectible Accounts Inventories Bookstore Tuition Other Reserves
Unreserved Undesignated Surplus
Total Fund Balances
Total Liabilities and Fund Balances

TECHNICAL COLLEGE SYSTEM OF GEORGIA COMBINING BALANCE SHEET (NON GAAP BASIS)
BUDGET FUND JUNE 30, 2018

COASTAL PINES

COLUMBUS

GEORGIA NORTHWESTERN

GEORGIA PIEDMONT

$

4,659,826.08 $

2,839,621.98 $

2,624,495.40 $

1,561,542.37

-

-

-

-

204,011.20 1,351,257.34 299,234.28 371,750.28
-

254,653.95 2,832,369.16
4,006.41 305,498.67
-

651,545.04 564,076.55
37,291.25 -

2,113,486.65 2,993,243.84
344,273.26 493,671.10
432.01

$

6,886,079.18 $

6,236,150.17 $

3,877,408.24 $

7,506,649.23

$

- $

- $

- $

454,336.32

296,209.79

667,982.07

2,319,459.31

148,603.55

639,903.24

71,746.69

49,046.52

144,694.09

447,018.00

2,491,275.85

1,027,309.01

-

8,973.10

-

-

-

17.08

875,726.15 744,987.08 267,135.63 843,830.43
10,755.14 39,789.37

3,292,560.32

2,994,108.81

2,479,905.49

2,782,223.80

350,089.92 312,073.05 1,187,202.90 82,933.57 958,344.95 692,888.97 -

0.02
30.00 149,751.31
105.84 1,575,882.43 802,824.78 711,775.27 -

25,894.12 45,396.35 47,068.31 232,814.61 69,694.87 962,071.69 -

170,160.00
17,544.51
8,149.00 -
1,132,071.87 364,759.00 -
3,031,162.43

9,985.50 3,593,518.86

1,671.71 3,242,041.36

14,562.80 1,397,502.75

578.62 4,724,425.43

$

6,886,079.18 $

6,236,150.17 $

3,877,408.24 $

7,506,649.23

- 22 -

ASSETS
Cash and Cash Equivalents Investments Accounts Receivable
State Appropriation Federal Financial Assistance Other Prepaid Expenditures Inventories Other Assets
Total Assets
LIABILITIES AND FUND EQUITY
Liabilities: Cash Overdraft Accounts Payable Encumbrance Payable Salaries Payable Unearned Revenue Funds Held for Others Other Liabilities
Total Liabilities
Fund Balances: Reserved Federal Financial Assistance Refunds to Grantor Local Grants and Contracts Sales and Services Live Work Projects Prior Year Local Funds State Appropriations Continuing Education Technology Fee Uncollectible Accounts Inventories Bookstore Tuition Other Reserves
Unreserved Undesignated Surplus
Total Fund Balances
Total Liabilities and Fund Balances

TECHNICAL COLLEGE SYSTEM OF GEORGIA COMBINING BALANCE SHEET (NON GAAP BASIS)
BUDGET FUND JUNE 30, 2018

GWINNETT

LANIER

NORTH GEORGIA

OGEECHEE

$

6,838,288.34 $

-

- $ -

1,542,924.12 $ -

2,520,390.37 -

624,717.68 8,544,881.76
2,170.65 -

252,136.03 3,825,590.31 125,417.89 422,471.73
-

234,205.48 861,170.91
50,710.91 217,520.97
-

115,264.29 940,720.20
30,128.73 207,644.34
-

$

16,010,058.43 $

4,625,615.96 $

2,906,532.39 $

3,814,147.93

$

- $

462,797.79

2,705,801.10

272,292.05

6,764,130.59

-

-

10,205,021.53

254,120.70 $ 449,655.09 189,524.52 138,029.10 2,920,142.05
5,614.51 432.17
3,957,518.14

- $ 184,409.99 347,883.32
68,313.65 436,490.50
10,574.58 -
1,047,672.04

76,970.06 678,749.05 46,123.75 423,256.67
-
1,225,099.53

87,658.10
520.20 123,770.07 590,863.00
2,867,302.90 170,634.06 1,926,144.89 -

4,000.00 465,830.27 54,752.41 6,625.74 50,684.54 33,840.61 31,218.61 1,137.01

55,632.55
212,785.77 115,895.28
30,266.30 418,510.28 41,248.56 151,771.39 632,659.01 197,365.79 -

47,120.59 561.80 850,268.51 207,242.24 190,970.83 679,983.09 612,866.62 -

38,143.68 5,805,036.90

20,008.63 668,097.82

2,725.42 1,858,860.35

34.72 2,589,048.40

$

16,010,058.43 $

4,625,615.96 $

2,906,532.39 $

3,814,147.93

- 23 -

ASSETS
Cash and Cash Equivalents Investments Accounts Receivable
State Appropriation Federal Financial Assistance Other Prepaid Expenditures Inventories Other Assets
Total Assets
LIABILITIES AND FUND EQUITY
Liabilities: Cash Overdraft Accounts Payable Encumbrance Payable Salaries Payable Unearned Revenue Funds Held for Others Other Liabilities
Total Liabilities
Fund Balances: Reserved Federal Financial Assistance Refunds to Grantor Local Grants and Contracts Sales and Services Live Work Projects Prior Year Local Funds State Appropriations Continuing Education Technology Fee Uncollectible Accounts Inventories Bookstore Tuition Other Reserves
Unreserved Undesignated Surplus
Total Fund Balances
Total Liabilities and Fund Balances

TECHNICAL COLLEGE SYSTEM OF GEORGIA COMBINING BALANCE SHEET (NON GAAP BASIS)
BUDGET FUND JUNE 30, 2018

OCONEE FALL LINE

SAVANNAH

SOUTHEASTERN

SOUTH GEORGIA

$

666,777.01 $

2,848,339.27 $

1,504,430.02 $

1,307,762.62

-

-

-

-

292,374.05 462,560.68
80,518.60 296,045.69
-

660,801.50 1,444,649.82 479,503.82 661,394.17
-

122,019.84 711,170.98
13,042.70 328,236.68
8.54

278,052.47 1,160,277.29
8,420.00 128,463.54
-

$

1,798,276.03 $

6,094,688.58 $

2,678,908.76 $

2,882,975.92

$

- $

- $

- $

-

205,572.22

-

364,409.32

529,498.07

348,910.80

1,118,861.43

158,423.56

607,519.87

47,327.66

103,325.49

84,976.06

53,164.64

293,934.52

768,172.88

346,410.80

537,185.98

716.17

33,512.64

1,124.69

-

-

15.65

-

-

896,461.37

2,023,888.09

955,344.43

1,727,368.56

0.04
201,137.90
58,376.13 -
192,042.38 3,900.00
284,832.16 157,690.08
-

127,132.52 105,913.78 265,000.00 262,387.55 211,629.24 152,408.24 2,118,516.04 822,898.44 -

635.32 -
1,940.99 60,452.94
536,713.13 205,969.31 531,217.89 371,578.55 -

58,552.63
625,447.10
89,549.25 -
62,524.37 80,185.83 35,395.05 50,455.45 149,188.71
-

3,835.97 901,814.66

4,914.68 4,070,800.49

15,056.20 1,723,564.33

4,308.97 1,155,607.36

$

1,798,276.03 $

6,094,688.58 $

2,678,908.76 $

2,882,975.92

- 24 -

ASSETS
Cash and Cash Equivalents Investments Accounts Receivable
State Appropriation Federal Financial Assistance Other Prepaid Expenditures Inventories Other Assets
Total Assets
LIABILITIES AND FUND EQUITY
Liabilities: Cash Overdraft Accounts Payable Encumbrance Payable Salaries Payable Unearned Revenue Funds Held for Others Other Liabilities
Total Liabilities
Fund Balances: Reserved Federal Financial Assistance Refunds to Grantor Local Grants and Contracts Sales and Services Live Work Projects Prior Year Local Funds State Appropriations Continuing Education Technology Fee Uncollectible Accounts Inventories Bookstore Tuition Other Reserves
Unreserved Undesignated Surplus
Total Fund Balances
Total Liabilities and Fund Balances

TECHNICAL COLLEGE SYSTEM OF GEORGIA COMBINING BALANCE SHEET (NON GAAP BASIS)
BUDGET FUND JUNE 30, 2018

SOUTHERN CRESCENT

SOUTHERN REGIONAL

WEST GEORGIA

WIREGRASS GEORGIA

$

2,408,854.69 $

-

213,992.91 951,552.29
52,510.15 719,343.09
-

1,655,863.84 $ -
265,395.94 653,348.98
22,594.00 620,247.36
16,377.61

2,148,830.40 $ -
480,968.56 2,093,172.67 145,969.75 555,705.13
-

2,269,433.29 -
332,690.89 1,339,526.18
1,619.87 343,502.35
-

$

4,346,253.13 $

3,233,827.73 $

5,424,646.51 $

4,286,772.58

$

- $

139,229.03

462,108.30

-

1,019,768.50

5,908.41

-

1,627,014.24

- $ 27,280.53 677,387.52 11,259.50 878,184.06
-
1,594,111.61

- $ 290,474.92 870,669.45 118,909.44 1,193,095.09
-
2,473,148.90

4,358.37 243,140.96 55,744.25 664,881.07
-
968,124.65

7,203.94 -
128,689.73 208,622.44
24,562.12 -
92,481.03 250,014.73
63,014.02 228,664.19 1,455,918.66 260,068.03
-

100.00
457,083.04 139,676.49 137,840.21
28,675.26 290,363.42 584,668.24 7.40 -

264,016.24 256,539.81 355,087.67 297,145.32 142,803.60 1,632,062.17 -

452.00
196,181.53 46,078.60 1,475,432.80 673,862.38 118,567.83 806,262.63 1,810.16 -

2,719,238.89

1,302.06 1,639,716.12

3,842.80 2,951,497.61

3,318,647.93

$

4,346,253.13 $

3,233,827.73 $

5,424,646.51 $

4,286,772.58

- 25 -

ADMINISTRATIVE SYSTEM FOR THE TECHNICAL COLLEGE SYSTEM OF GEORGIA SUMMARY BUDGET COMPARISON AND SURPLUS ANALYSIS REPORT (NON-GAAP BASIS)
BUDGET FUND YEAR ENDED JUNE 30, 2018

REVENUES
State Appropriation State General Funds
Federal Funds Other Funds
Total Revenues
ADJUSTMENTS AND PROGRAM TRANSFERS
CARRY-OVER FROM PRIOR YEAR
Transfer from Reserved Fund Balance
Total Funds Available
EXPENDITURES
Adult Literacy Departmental Administration Economic Development Technical Education
Total Expenditures
Excess of Funds Available over Expenditures
FUND BALANCE JULY 1
Reserved Unreserved
ADJUSTMENTS
Prior Year Payables/Expenditures Prior Year Receivables/Revenues Unreserved Fund Balance (Surplus) Returned
to Technical College System of Georgia Year Ended June 30, 2017
Prior Year Reserved Fund Balance Included in Funds Available
FUND BALANCE JUNE 30

BUDGET

ACTUAL

VARIANCE FAVORABLE (UNFAVORABLE)

$

60,768,605.21 $ 60,768,605.21 $

-

10,860,041.52

8,964,598.38

(1,895,443.14)

16,457,590.80

16,406,762.05

(50,828.75)

88,086,237.53

86,139,965.64

(1,946,271.89)

-

-

-

88,086,237.53

275,721.90 86,415,687.54

275,721.90 (1,670,549.99)

10,303,968.90 11,441,607.00 15,399,387.11 50,941,274.52

88,086,237.53

$

-

9,792,176.53 11,428,603.27 15,399,347.62 39,167,023.47
75,787,150.89
10,628,536.65 $

511,792.37 13,003.73 39.49
11,774,251.05
12,299,086.64
10,628,536.65

275,721.90 167,162.02

789,538.65 (1,025,495.09)
(167,162.02) (275,721.90) $ 10,392,580.21

SUMMARY OF FUND BALANCE Reserved Federal Financial Assistance State Appropriations Total Reserved Unreserved Surplus
Total Fund Balance

$

600.00

10,345,472.00

10,346,072.00

46,508.21

$ 10,392,580.21

- 26 -

ALBANY TECHNICAL COLLEGE SUMMARY BUDGET COMPARISON AND SURPLUS ANALYSIS REPORT (NON GAAP BASIS)
BUDGET FUND YEAR ENDED JUNE 30, 2018

REVENUES
State Appropriation State General Funds
Federal Funds Other Funds
Total Revenues
ADJUSTMENTS AND PROGRAM TRANSFERS
CARRY-OVER FROM PRIOR YEAR
Transfer from Reserved Fund Balance
Total Funds Available
EXPENDITURES
Adult Literacy Economic Development Technical Education
Total Expenditures
Excess of Funds Available over Expenditures
FUND BALANCE JULY 1
Reserved Unreserved
ADJUSTMENTS
Prior Year Payables/Expenditures Prior Year Receivables/Revenues Unreserved Fund Balance (Surplus) Returned
From the Technical Colleges Year Ended June 30, 2017
Prior Year Reserved Fund Balance Included in Funds Available
FUND BALANCE JUNE 30

BUDGET

ACTUAL

VARIANCE FAVORABLE (UNFAVORABLE)

$

11,676,461.69 $

11,676,461.69 $

-

4,891,397.91

2,628,898.75

(2,262,499.16)

14,057,004.62

12,191,878.27

(1,865,126.35)

30,624,864.22

26,497,238.71

(4,127,625.51)

-

-

-

30,624,864.22

771,614.14 27,268,852.85

771,614.14 (3,356,011.37)

1,270,579.00 583,232.00
28,771,053.22

30,624,864.22

$

-

1,202,826.66 475,364.18
25,020,241.91
26,698,432.75
570,420.10 $

67,752.34 107,867.82 3,750,811.31
3,926,431.47
570,420.10

911,601.18 16,342.58

19,354.31 (286,528.54)

(16,342.58) (771,614.14)

$

443,232.91

SUMMARY OF FUND BALANCE
Reserved Federal Financial Assistance Refunds to Grantors Live Work Projects Prior Year Local Funds Technology Fees Uncollectible Accounts Receivable Inventories Bookstore Tuition
Total Reserved
Unreserved Surplus

$

15,347.48

2,001.21

284,044.73

10,191.52

3,946.22

62,247.82

58,000.00

3,348.48

2,499.39

441,626.85

1,606.06

Total Fund Balance

$

443,232.91

- 27 -

ATHENS TECHNICAL COLLEGE SUMMARY BUDGET COMPARISON AND SURPLUS ANALYSIS REPORT (NON GAAP BASIS)
BUDGET FUND YEAR ENDED JUNE 30, 2018

REVENUES
State Appropriation State General Funds
Federal Funds Other Funds
Total Revenues
ADJUSTMENTS AND PROGRAM TRANSFERS
CARRY-OVER FROM PRIOR YEAR
Transfer from Reserved Fund Balance
Total Funds Available
EXPENDITURES
Adult Literacy Economic Development Technical Education
Total Expenditures
Excess of Funds Available over Expenditures
FUND BALANCE JULY 1
Reserved Unreserved
ADJUSTMENTS
Prior Year Payables/Expenditures Prior Year Receivables/Revenues Unreserved Fund Balance (Surplus) Returned
to Technical College System of Georgia Year Ended June 30, 2017
Prior Year Reserved Fund Balance Included in Funds Available
FUND BALANCE JUNE 30

BUDGET

ACTUAL

VARIANCE FAVORABLE (UNFAVORABLE)

$

12,379,846.68 $

12,379,846.68 $

-

3,849,112.09

3,046,376.92

(802,735.17)

18,702,553.29

16,362,887.22

(2,339,666.07)

34,931,512.06

31,789,110.82

(3,142,401.24)

-

-

-

34,931,512.06

3,465,423.50 35,254,534.32

3,465,423.50 323,022.26

1,454,294.00 345,000.00
33,132,218.06

34,931,512.06

$

-

1,256,371.69 307,237.23
29,530,626.39
31,094,235.31
4,160,299.01 $

197,922.31 37,762.77
3,601,591.67
3,837,276.75
4,160,299.01

3,474,492.50 2,867.28

39,019.19 (1,591.98)

(2,867.28) (3,465,423.50)

$

4,206,795.22

SUMMARY OF FUND BALANCE
Reserved Sales and Services Live Work Projects Prior Year Local Funds Continuing Education Technology Fees Uncollectible Accounts Receivable Tuition
Total Reserved
Unreserved Surplus

$

164,035.29

10,365.84

183,188.11

148,968.84

2,599,551.84

9,069.00

1,090,566.10

4,205,745.02

1,050.20

Total Fund Balance

$

4,206,795.22

- 28 -

ATLANTA TECHNICAL COLLEGE SUMMARY BUDGET COMPARISON AND SURPLUS ANALYSIS REPORT (NON-GAAP BASIS)
BUDGET FUND YEAR ENDED JUNE 30, 2018

REVENUES
State Appropriation State General Funds
Federal Funds Other Funds
Total Revenues
ADJUSTMENTS AND PROGRAM TRANSFERS
CARRY-OVER FROM PRIOR YEAR
Transfer from Reserved Fund Balance
Total Funds Available
EXPENDITURES
Adult Literacy Economic Development Technical Education
Total Expenditures
Excess of Funds Available over Expenditures
FUND BALANCE JULY 1
Reserved
ADJUSTMENTS
Prior Year Payables/Expenditures Prior Year Receivables/Revenues Prior Year Reserved Fund Balance Included in Funds Available
FUND BALANCE JUNE 30

BUDGET

ACTUAL

VARIANCE FAVORABLE (UNFAVORABLE)

$

13,391,276.25 $

13,391,276.25 $

5,240,034.98

2,935,686.32

16,659,579.16

15,695,288.42

35,290,890.39

32,022,250.99

-

-

(2,304,348.66)
(964,290.74)
(3,268,639.40)
-

35,290,890.39

2,050,675.45 34,072,926.44

2,050,675.45 (1,217,963.95)

859,700.00 41,000.00
34,390,190.39

35,290,890.39

$

-

678,847.46 31,537.80
30,781,287.24
31,491,672.50
2,581,253.94 $

180,852.54 9,462.20
3,608,903.15
3,799,217.89
2,581,253.94

2,698,542.49

20,387.34 (86,140.73) (2,050,675.45)

$

3,163,367.59

SUMMARY OF FUND BALANCE
Reserved Sales and Services Live Work Projects Continuing Education Technology Fees Uncollectible Accounts Receivable Inventories Bookstore Tuition
Total Reserved
Unreserved Surplus

$

62,630.86

29,908.19

31,102.64

272,783.64

500,266.02

222,928.97

894,606.48

1,138,751.69

3,152,978.49

10,389.10

Total Fund Balance

$

3,163,367.59

- 29 -

AUGUSTA TECHNICAL COLLEGE SUMMARY BUDGET COMPARISON AND SURPLUS ANALYSIS REPORT (NON-GAAP BASIS)
BUDGET FUND YEAR ENDED JUNE 30, 2018

REVENUES
State Appropriation State General Funds
Federal Funds Other Funds
Total Revenues
ADJUSTMENTS AND PROGRAM TRANSFERS
CARRY-OVER FROM PRIOR YEAR
Transfer from Reserved Fund Balance
Total Funds Available
EXPENDITURES
Adult Literacy Economic Development Technical Education
Total Expenditures
Excess of Funds Available over Expenditures
FUND BALANCE JULY 1
Reserved Unreserved
ADJUSTMENTS
Prior Year Payables/Expenditures Unreserved Fund Balance (Surplus) Returned
From the Technical Colleges Year Ended June 30, 2017
Prior Year Reserved Fund Balance Included in Funds Available
FUND BALANCE JUNE 30

BUDGET

ACTUAL

VARIANCE FAVORABLE (UNFAVORABLE)

$

14,332,907.78 $

14,332,907.78 $

3,156,020.80

2,555,312.71

16,004,892.60

14,322,131.56

33,493,821.18

31,210,352.05

-

-

(600,708.09) (1,682,761.04)
(2,283,469.13)
-

33,493,821.18

2,205,924.32 33,416,276.37

2,205,924.32 (77,544.81)

1,274,700.00 129,200.00
32,089,921.18

33,493,821.18

$

-

1,051,348.41 76,297.86
29,495,263.06
30,622,909.33
2,793,367.04 $

223,351.59 52,902.14
2,594,658.12
2,870,911.85
2,793,367.04

3,016,617.99 254.32

2,605.20

(254.32) (2,205,924.32)

$

3,606,665.91

SUMMARY OF FUND BALANCE
Reserved Sales and Services Continuing Education Technology Fees Uncollectible Accounts Receivable Inventories Bookstore Tuition Total Reserved
Unreserved Surplus

$

122,741.21

119,446.07

192,731.37

129,783.44

748,265.10

2,076,749.14

216,920.82

3,606,637.15

28.76

Total Fund Balance

$

3,606,665.91

- 30 -

CENTRAL GEORGIA TECHNICAL COLLEGE SUMMARY BUDGET COMPARISON AND SURPLUS ANALYSIS REPORT (NON-GAAP BASIS)
BUDGET FUND YEAR ENDED JUNE 30, 2018

REVENUES
State Appropriation State General Funds
Federal Funds Other Funds
Total Revenues
ADJUSTMENTS AND PROGRAM TRANSFERS
CARRY-OVER FROM PRIOR YEAR
Transfer from Reserved Fund Balance
Total Funds Available
EXPENDITURES
Adult Literacy Economic Development Technical Education
Total Expenditures
Excess of Funds Available over Expenditures
FUND BALANCE JULY 1
Reserved
ADJUSTMENTS
Prior Year Payables/Expenditures Prior Year Receivables/Revenues Prior Year Reserved Fund Balance Included in Funds Available
FUND BALANCE JUNE 30

BUDGET

ACTUAL

VARIANCE FAVORABLE (UNFAVORABLE)

$

23,913,462.32 $

23,913,462.32 $

5,060,982.56

4,872,671.34

28,740,167.75

28,009,233.79

57,714,612.63

56,795,367.45

-

-

(188,311.22) (730,933.96)
(919,245.18)
-

57,714,612.63

635,047.90 57,430,415.35

635,047.90 (284,197.28)

3,546,752.46 3,012,183.43 51,155,676.74

57,714,612.63

$

-

3,533,284.91 2,459,701.89 50,584,529.33
56,577,516.13
852,899.22 $

13,467.55 552,481.54 571,147.41
1,137,096.50
852,899.22

766,514.21

568.86 (303.19) (635,047.90)

$

984,631.20

SUMMARY OF FUND BALANCE
Reserved Sales and Services Live Work Projects Prior Year Local Funds Technology Fees Uncollectible Accounts Receivable Tuition
Total Fund Balance

$

556,561.90

38,418.09

109,067.54

10,253.91

131,466.31

138,863.45

$

984,631.20

- 31 -

CHATTAHOOCHEE TECHNICAL COLLEGE SUMMARY BUDGET COMPARISON AND SURPLUS ANALYSIS REPORT (NON-GAAP BASIS)
BUDGET FUND YEAR ENDED JUNE 30, 2018

REVENUES
State Appropriation State General Funds
Federal Funds Other Funds
Total Revenues
ADJUSTMENTS AND PROGRAM TRANSFERS
CARRY-OVER FROM PRIOR YEAR
Transfer from Reserved Fund Balance
Total Funds Available
EXPENDITURES
Adult Literacy Economic Development Technical Education
Total Expenditures
Excess of Funds Available over Expenditures
FUND BALANCE JULY 1
Reserved Unreserved
ADJUSTMENTS
Prior Year Payables/Expenditures Prior Year Receivables/Revenues Unreserved Fund Balance (Surplus) Returned
From the Technical Colleges Year Ended June 30, 2017
Refunds to Grantors Federal Financial Assistance Returned to Technical College System of Georgia Year Ended June 30, 2017
Prior Year Reserved Fund Balance Included in Funds Available
FUND BALANCE JUNE 30

BUDGET

ACTUAL

VARIANCE FAVORABLE (UNFAVORABLE)

$

21,504,427.53 $

2,771,511.00

33,828,379.94

58,104,318.47

-

21,504,427.53 $ 2,512,401.28
29,410,829.15
53,427,657.96
-

(259,109.72) (4,417,550.79)
(4,676,660.51)
-

58,104,318.47

4,069,763.55 57,497,421.51

4,069,763.55 (606,896.96)

1,326,747.00 389,665.00
56,387,906.47

58,104,318.47

$

-

1,236,740.87 367,284.68
52,236,356.33
53,840,381.88
3,657,039.63 $

90,006.13 22,380.32 4,151,550.14
4,263,936.59
3,657,039.63

4,187,181.07 8,934.68

82,319.42 (328,360.27)
(8,934.68)

(68,742.27) (4,069,763.55)

$

3,459,674.03

SUMMARY OF FUND BALANCE
Reserved Federal Financial Assistance Sales and Services Live Work Projects Technology Fees Uncollectible Accounts Receivable Tuition
Total Reserved
Unreserved Surplus

$

155,660.09

251,462.31

77,837.72

1,426,261.87

48,675.25

1,491,778.38

3,451,675.62

7,998.41

Total Fund Balance

$

3,459,674.03

- 32 -

COASTAL PINES TECHNICAL COLLEGE SUMMARY BUDGET COMPARISON AND SURPLUS ANALYSIS REPORT (NON-GAAP BASIS)
BUDGET FUND YEAR ENDED JUNE 30, 2018

REVENUES
State Appropriation State General Funds
Federal Funds Other Funds
Total Revenues
ADJUSTMENTS AND PROGRAM TRANSFERS
CARRY-OVER FROM PRIOR YEAR
Transfer from Reserved Fund Balance
Total Funds Available
EXPENDITURES
Adult Literacy Economic Development Technical Education
Total Expenditures
Excess of Funds Available over Expenditures
FUND BALANCE JULY 1
Reserved Unreserved
ADJUSTMENTS
Prior Year Payables/Expenditures Prior Year Receivables/Revenues Unreserved Fund Balance (Surplus) Returned
From the Technical Colleges Year Ended June 30, 2017
Prior Year Reserved Fund Balance Included in Funds Available
FUND BALANCE JUNE 30

BUDGET

ACTUAL

VARIANCE FAVORABLE (UNFAVORABLE)

$

13,947,718.44 $

1,299,257.00

10,625,160.15

25,872,135.59

-

13,947,718.44 $ 1,168,453.47
10,499,164.82
25,615,336.73
-

(130,803.53) (125,995.33)
(256,798.86)
-

25,872,135.59

3,508,239.12 29,123,575.85

3,508,239.12 3,251,440.26

1,504,305.19 138,587.62
24,229,242.78

25,872,135.59

$

-

1,413,183.73 138,587.62
24,087,885.88
25,639,657.23
3,483,918.62 $

91,121.46 -
141,356.90
232,478.36
3,483,918.62

3,591,172.69 23,552.55

27,396.14 (729.47)

(23,552.55) (3,508,239.12)

$

3,593,518.86

SUMMARY OF FUND BALANCE
Reserved Sales and Services Live Work Projects Technology Fees Inventories Bookstore Tuition
Total Reserved
Unreserved Surplus
Total Fund Balance

$

350,089.92

312,073.05

1,187,202.90

82,933.57

958,344.95

692,888.97

3,583,533.36

9,985.50

$

3,593,518.86

- 33 -

COLUMBUS TECHNICAL COLLEGE SUMMARY BUDGET COMPARISON AND SURPLUS ANALYSIS REPORT (NON-GAAP BASIS)
BUDGET FUND YEAR ENDED JUNE 30, 2018

REVENUES
State Appropriation State General Funds
Federal Funds Other Funds
Total Revenues
ADJUSTMENTS AND PROGRAM TRANSFERS
CARRY-OVER FROM PRIOR YEAR
Transfer from Reserved Fund Balance
Total Funds Available
EXPENDITURES
Adult Literacy Economic Development Technical Education
Total Expenditures
Excess of Funds Available over Expenditures
FUND BALANCE JULY 1
Reserved Unreserved
ADJUSTMENTS
Prior Year Payables/Expenditures Prior Year Receivables/Revenues Unreserved Fund Balance (Surplus) Returned
to Technical College System of Georgia Year Ended June 30, 2017
Prior Year Reserved Fund Balance Included in Funds Available
FUND BALANCE JUNE 30

BUDGET

ACTUAL

VARIANCE FAVORABLE (UNFAVORABLE)

$

11,043,181.49 $

11,043,181.49 $

1,913,297.98

1,489,376.78

10,943,114.83

10,647,090.82

23,899,594.30

23,179,649.09

-

-

(423,921.20) (296,024.01)
(719,945.21)
-

23,899,594.30

3,226,827.05 26,406,476.14

3,226,827.05 2,506,881.84

1,053,400.00 108,250.00
22,737,944.30

23,899,594.30

$

-

1,009,412.82 103,979.07
22,051,587.80
23,164,979.69
3,241,496.45 $

43,987.18 4,270.93
686,356.50
734,614.61
3,241,496.45

3,226,827.05 23,555.15

1,522.05 (977.14)

(23,555.15) (3,226,827.05)

$

3,242,041.36

SUMMARY OF FUND BALANCE
Reserved Refunds to Grantors Sales and Services Live Work Projects Continuing Education Technology Fees Bookstore Tuition
Total Reserved
Unreserved Surplus
Total Fund Balance

$

0.02

30.00

149,751.31

105.84

1,575,882.43

802,824.78

711,775.27

3,240,369.65

1,671.71

$

3,242,041.36

- 34 -

GEORGIA NORTHWESTERN TECHNICAL COLLEGE SUMMARY BUDGET COMPARISON AND SURPLUS ANALYSIS REPORT (NON-GAAP BASIS)
BUDGET FUND YEAR ENDED JUNE 30, 2018

REVENUES
State Appropriation State General Funds
Federal Funds Other Funds
Total Revenues
ADJUSTMENTS AND PROGRAM TRANSFERS
CARRY-OVER FROM PRIOR YEAR
Transfer from Reserved Fund Balance
Total Funds Available
EXPENDITURES
Adult Literacy Economic Development Technical Education
Total Expenditures
Excess of Funds Available over Expenditures
FUND BALANCE JULY 1
Reserved Unreserved
ADJUSTMENTS
Prior Year Payables/Expenditures Prior Year Receivables/Revenues Unreserved Fund Balance (Surplus) Returned
From the Technical Colleges Year Ended June 30, 2017
Refunds to Grantors Federal Financial Assistance Returned to Technical College System of Georgia Year Ended June 30, 2017
Prior Year Reserved Fund Balance Included in Funds Available
FUND BALANCE JUNE 30

BUDGET

ACTUAL

VARIANCE FAVORABLE (UNFAVORABLE)

$

17,887,514.50 $

17,887,514.50 $

-

3,700,083.81

3,077,612.79

(622,471.02)

15,858,262.79

14,523,207.32

(1,335,055.47)

37,445,861.10

35,488,334.61

(1,957,526.49)

-

-

-

37,445,861.10

1,154,160.25 36,642,494.86

1,154,160.25 (803,366.24)

1,500,810.00 222,450.00
35,722,601.10

37,445,861.10

$

-

1,275,728.23 190,409.03
33,839,469.79
35,305,607.05
1,336,887.81 $

225,081.77 32,040.97
1,883,131.31
2,140,254.05
1,336,887.81

1,216,911.12 1,281.31

33,511.40 (35,357.95)
(1,281.31)

(289.38) (1,154,160.25)

$

1,397,502.75

SUMMARY OF FUND BALANCE
Reserved Sales and Services Live Work Projects Continuing Education Technology Fees Uncollectible Accounts Receivable Tuition
Total Reserved
Unreserved Surplus

$

25,894.12

45,396.35

47,068.31

232,814.61

69,694.87

962,071.69

1,382,939.95

14,562.80

Total Fund Balance

$

1,397,502.75

- 35 -

GEORGIA PIEDMONT TECHNICAL COLLEGE SUMMARY BUDGET COMPARISON AND SURPLUS ANALYSIS REPORT (NON-GAAP BASIS)
BUDGET FUND YEAR ENDED JUNE 30, 2018

REVENUES
State Appropriation State General Funds
Federal Funds Other Funds
Total Revenues
ADJUSTMENTS AND PROGRAM TRANSFERS
CARRY-OVER FROM PRIOR YEAR
Transfer from Reserved Fund Balance
Total Funds Available
EXPENDITURES
Adult Literacy Economic Development Technical Education
Total Expenditures
Excess of Funds Available over Expenditures
FUND BALANCE JULY 1
Reserved Unreserved
ADJUSTMENTS
Prior Year Payables/Expenditures Prior Year Receivables/Revenues Unreserved Fund Balance (Surplus) Returned
From the Technical Colleges Year Ended June 30, 2017
Prior Year Reserved Fund Balance Included in Funds Available
FUND BALANCE JUNE 30

BUDGET

ACTUAL

VARIANCE FAVORABLE (UNFAVORABLE)

$

20,517,685.94 $

20,517,685.94 $

2,943,425.23

2,811,310.70

15,012,725.92

14,671,541.57

38,473,837.09

38,000,538.21

-

-

(132,114.53) (341,184.35)
(473,298.88)
-

38,473,837.09

158,036.21 38,158,574.42

158,036.21 (315,262.67)

2,759,464.73 544,663.33
35,169,709.03

38,473,837.09

$

-

2,625,908.08 528,561.77
30,687,294.90
33,841,764.75
4,316,809.67 $

133,556.65 16,101.56
4,482,414.13
4,632,072.34
4,316,809.67

701,287.64 1,830.35

22,874.63 (158,510.30)

(1,830.35) (158,036.21)

$

4,724,425.43

SUMMARY OF FUND BALANCE
Reserved Refunds to Grantors Sales and Services Live Work Projects Uncollectible Accounts Receivable Inventories Other Reserves Total Reserved
Unreserved Surplus
Total Fund Balance

$

170,160.00

17,544.51

8,149.00

1,132,071.87

364,759.00

3,031,162.43

4,723,846.81

578.62

$

4,724,425.43

- 36 -

GWINNETT TECHNICAL COLLEGE SUMMARY BUDGET COMPARISON AND SURPLUS ANALYSIS REPORT (NON-GAAP BASIS)
BUDGET FUND YEAR ENDED JUNE 30, 2018

REVENUES
State Appropriation State General Funds
Federal Funds Other Funds
Total Revenues
ADJUSTMENTS AND PROGRAM TRANSFERS
CARRY-OVER FROM PRIOR YEAR
Transfer from Reserved Fund Balance
Total Funds Available
EXPENDITURES
Adult Literacy Economic Development Technical Education
Total Expenditures
Excess of Funds Available over Expenditures
FUND BALANCE JULY 1
Reserved Unreserved
ADJUSTMENTS
Prior Year Payables/Expenditures Prior Year Receivables/Revenues Unreserved Fund Balance (Surplus) Returned
From the Technical Colleges Year Ended June 30, 2017
Refunds to Grantors Federal Financial Assistance Returned to Technical College System of Georgia Year Ended June 30, 2017
Prior Year Reserved Fund Balance Included in Funds Available
FUND BALANCE JUNE 30

BUDGET

ACTUAL

VARIANCE FAVORABLE (UNFAVORABLE)

$

18,319,346.56 $

18,319,346.56 $

3,607,874.00

3,521,825.07

33,600,805.91

30,423,577.87

55,528,026.47

52,264,749.50

-

-

(86,048.93) (3,177,228.04)
(3,263,276.97)
-

55,528,026.47

4,354,942.81 56,619,692.31

4,354,942.81 1,091,665.84

2,865,699.89 338,662.53
52,323,664.05

55,528,026.47

$

-

2,789,791.38 315,050.00
47,900,010.96
51,004,852.34
5,614,839.97 $

75,908.51 23,612.53 4,423,653.09
4,523,174.13
5,614,839.97

4,615,765.24 9,791.77

116,311.82 (177,638.45)
(9,791.77)

(9,298.87) (4,354,942.81)

$

5,805,036.90

SUMMARY OF FUND BALANCE
Reserved Refunds to Grantors Sales and Services Live Work Projects Prior Year Local Funds Technology Fees Uncollectible Accounts Receivable Tuition
Total Reserved
Unreserved Surplus

$

87,658.10

520.20

123,770.07

590,863.00

2,867,302.90

170,634.06

1,926,144.89

5,766,893.22

38,143.68

Total Fund Balance

$

5,805,036.90

- 37 -

LANIER TECHNICAL COLLEGE SUMMARY BUDGET COMPARISON AND SURPLUS ANALYSIS REPORT (NON-GAAP BASIS)
BUDGET FUND YEAR ENDED JUNE 30, 2018

REVENUES
State Appropriation State General Funds
Federal Funds Other Funds
Total Revenues
ADJUSTMENTS AND PROGRAM TRANSFERS
CARRY-OVER FROM PRIOR YEAR
Transfer from Reserved Fund Balance
Total Funds Available
EXPENDITURES
Adult Literacy Economic Development Technical Education
Total Expenditures
Excess of Funds Available over Expenditures
FUND BALANCE JULY 1
Reserved Unreserved
ADJUSTMENTS
Prior Year Payables/Expenditures Prior Year Receivables/Revenues Unreserved Fund Balance (Surplus) Returned
From the Technical Colleges Year Ended June 30, 2017
Prior Year Reserved Fund Balance Included in Funds Available
FUND BALANCE JUNE 30

BUDGET

ACTUAL

VARIANCE FAVORABLE (UNFAVORABLE)

$

11,437,235.70 $

11,437,235.70 $

2,345,638.66

2,022,079.73

14,268,707.92

12,838,603.06

28,051,582.28

26,297,918.49

-

-

(323,558.93) (1,430,104.86)
(1,753,663.79)
-

28,051,582.28

1,170,938.21 27,468,856.70

1,170,938.21 (582,725.58)

2,149,788.73 715,504.60
25,186,288.95

28,051,582.28

$

-

1,801,843.16 561,159.50
24,341,390.69
26,704,393.35
764,463.35 $

347,945.57 154,345.10 844,898.26
1,347,188.93
764,463.35

1,197,176.44 10,175.61

2,492.49 (125,096.25)

(10,175.61) (1,170,938.21)

$

668,097.82

SUMMARY OF FUND BALANCE
Reserved Local Grants and Contracts Sales and Services Live Work Projects Prior Year Local Funds Continuing Education Bookstore Tuition Other Reserves Total Reserved
Unreserved Surplus

$

4,000.00

465,830.27

54,752.41

6,625.74

50,684.54

33,840.61

31,218.61

1,137.01

648,089.19

20,008.63

Total Fund Balance

$

668,097.82

- 38 -

NORTH GEORGIA TECHNICAL COLLEGE SUMMARY BUDGET COMPARISON AND SURPLUS ANALYSIS REPORT (NON-GAAP BASIS)
BUDGET FUND YEAR ENDED JUNE 30, 2018

REVENUES
State Appropriation State General Funds
Federal Funds Other Funds
Total Revenues
ADJUSTMENTS AND PROGRAM TRANSFERS
CARRY-OVER FROM PRIOR YEAR
Transfer from Reserved Fund Balance
Total Funds Available
EXPENDITURES
Adult Literacy Economic Development Technical Education
Total Expenditures
Excess of Funds Available over Expenditures
FUND BALANCE JULY 1
Reserved Unreserved
ADJUSTMENTS
Prior Year Payables/Expenditures Prior Year Receivables/Revenues Unreserved Fund Balance (Surplus) Returned
From the Technical Colleges Year Ended June 30, 2017
Prior Year Reserved Fund Balance Included in Funds Available
FUND BALANCE JUNE 30

BUDGET

ACTUAL

VARIANCE FAVORABLE (UNFAVORABLE)

$

10,212,601.15 $

10,212,601.15 $

1,808,899.70

1,233,395.29

11,043,943.58

10,252,792.86

23,065,444.43

21,698,789.30

-

-

(575,504.41) (791,150.72)
(1,366,655.13)
-

23,065,444.43

2,243,263.43 23,942,052.73

2,243,263.43 876,608.30

852,200.00 186,709.00 22,026,535.43

23,065,444.43

$

-

794,675.86 176,413.00 21,305,211.07
22,276,299.93
1,665,752.80 $

57,524.14 10,296.00 721,324.36
789,144.50
1,665,752.80

2,437,595.87 20,763.35

6,491.51 (7,716.40)

(20,763.35) (2,243,263.43)

$

1,858,860.35

SUMMARY OF FUND BALANCE
Reserved Refunds to Grantors Sales and Services Live Work Projects Continuing Education Technology Fees Uncollectible Accounts Receivable Inventories Bookstore Tuition
Total Reserved
Unreserved Surplus

$

55,632.55

212,785.77

115,895.28

30,266.30

418,510.28

41,248.56

151,771.39

632,659.01

197,365.79

1,856,134.93

2,725.42

Total Fund Balance

$

1,858,860.35

- 39 -

OGEECHEE TECHNICAL COLLEGE SUMMARY BUDGET COMPARISON AND SURPLUS ANALYSIS REPORT (NON-GAAP BASIS)
BUDGET FUND YEAR ENDED JUNE 30, 2018

REVENUES
State Appropriation State General Funds
Federal Funds Other Funds
Total Revenues
ADJUSTMENTS AND PROGRAM TRANSFERS
CARRY-OVER FROM PRIOR YEAR
Transfer from Reserved Fund Balance
Total Funds Available
EXPENDITURES
Adult Literacy Economic Development Technical Education
Total Expenditures
Excess of Funds Available over Expenditures
FUND BALANCE JULY 1
Reserved Unreserved
ADJUSTMENTS
Prior Year Receivables/Revenues Unreserved Fund Balance (Surplus) Returned
From the Technical Colleges Year Ended June 30, 2017
Prior Year Reserved Fund Balance Included in Funds Available
FUND BALANCE JUNE 30

BUDGET

ACTUAL

VARIANCE FAVORABLE (UNFAVORABLE)

$

8,537,129.37 $

728,587.00

8,265,625.32

17,531,341.69

-

8,537,129.37 $ 714,350.17
8,340,243.84
17,591,723.38
-

(14,236.83) 74,618.52
60,381.69
-

17,531,341.69

2,081,991.43 19,673,714.81

2,081,991.43 2,142,373.12

451,085.00 220,010.00 16,860,246.69

17,531,341.69

$

-

446,197.26 220,007.50 16,798,864.67
17,465,069.43
2,208,645.38 $

4,887.74 2.50
61,382.02
66,272.26
2,208,645.38

2,481,352.50 3,286.63

(18,958.05)

(3,286.63) (2,081,991.43)

$

2,589,048.40

SUMMARY OF FUND BALANCE
Reserved Live Work Projects Continuing Education Technology Fees Uncollectible Accounts Receivable Inventories Bookstore Tuition
Total Reserved
Unreserved Surplus

$

47,120.59

561.80

850,268.51

207,242.24

190,970.83

679,983.09

612,866.62

2,589,013.68

34.72

Total Fund Balance

$

2,589,048.40

- 40 -

OCONEE FALL LINE TECHNICAL COLLEGE SUMMARY BUDGET COMPARISON AND SURPLUS ANALYSIS REPORT (NON-GAAP BASIS)
BUDGET FUND YEAR ENDED JUNE 30, 2018

REVENUES
State Appropriation State General Funds
Federal Funds Other Funds
Total Revenues
ADJUSTMENTS AND PROGRAM TRANSFERS
CARRY-OVER FROM PRIOR YEAR
Transfer from Reserved Fund Balance
Total Funds Available
EXPENDITURES
Adult Literacy Economic Development Technical Education
Total Expenditures
Excess of Funds Available over Expenditures
FUND BALANCE JULY 1
Reserved Unreserved
ADJUSTMENTS
Prior Year Payables/Expenditures Prior Year Receivables/Revenues Unreserved Fund Balance (Surplus) Returned
From the Technical Colleges Year Ended June 30, 2017
Refunds to Grantors Federal Financial Assistance Returned to Technical College System of Georgia Year Ended June 30, 2017
Prior Year Reserved Fund Balance Included in Funds Available
FUND BALANCE JUNE 30

BUDGET

ACTUAL

VARIANCE FAVORABLE (UNFAVORABLE)

$

9,530,134.93 $

2,394,196.83

7,678,637.11

19,602,968.87

-

9,530,134.93 $ 2,023,056.13 5,961,755.85
17,514,946.91
-

(371,140.70) (1,716,881.26)
(2,088,021.96)
-

19,602,968.87

1,444,294.88 18,959,241.79

1,444,294.88 (643,727.08)

1,092,200.00 545,862.00
17,964,906.87

19,602,968.87

$

-

960,853.75 509,644.57 16,809,465.16
18,279,963.48
679,278.31 $

131,346.25 36,217.43
1,155,441.71
1,323,005.39
679,278.31

1,733,027.04 11,464.72

6,932.44 (72,863.01)
(11,464.72)

(265.24) (1,444,294.88)

$

901,814.66

SUMMARY OF FUND BALANCE
Reserved Refunds to Grantors Sales and Services Live Work Projects Technology Fees Uncollectible Accounts Receivable Inventories Bookstore
Total Reserved
Unreserved Surplus
Total Fund Balance

$

0.04

201,137.90

58,376.13

192,042.38

3,900.00

284,832.16

157,690.08

897,978.69

3,835.97

$

901,814.66

- 41 -

SAVANNAH TECHNICAL COLLEGE SUMMARY BUDGET COMPARISON AND SURPLUS ANALYSIS REPORT (NON-GAAP BASIS)
BUDGET FUND YEAR ENDED JUNE 30, 2018

REVENUES
State Appropriation State General Funds
Federal Funds Other Funds
Total Revenues
ADJUSTMENTS AND PROGRAM TRANSFERS
CARRY-OVER FROM PRIOR YEAR
Transfer from Reserved Fund Balance
Total Funds Available
EXPENDITURES
Adult Literacy Economic Development Technical Education
Total Expenditures
Excess of Funds Available over Expenditures
FUND BALANCE JULY 1
Reserved Unreserved
ADJUSTMENTS
Prior Year Payables/Expenditures Prior Year Receivables/Revenues Unreserved Fund Balance (Surplus) Returned
From the Technical Colleges Year Ended June 30, 2017
Refunds to Grantors Federal Financial Assistance Returned to Technical College System of Georgia Year Ended June 30, 2017
Prior Year Reserved Fund Balance Included in Funds Available
FUND BALANCE JUNE 30

BUDGET

ACTUAL

VARIANCE FAVORABLE (UNFAVORABLE)

$

14,039,202.73 $

5,716,291.35

18,271,346.30

38,026,840.38

-

14,039,202.73 $ 4,554,124.06
14,827,817.60
33,421,144.39
-

(1,162,167.29) (3,443,528.70)
(4,605,695.99)
-

38,026,840.38

2,656,007.44 36,077,151.83

2,656,007.44 (1,949,688.55)

1,628,710.69 220,000.00
36,178,129.69

38,026,840.38

$

-

1,521,621.79 151,516.13
30,251,737.35
31,924,875.27
4,152,276.56 $

107,088.90 68,483.87
5,926,392.34
6,101,965.11
4,152,276.56

3,020,044.92 6,100.36

(20,366.09) (403,911.98)
(6,100.36)

(21,235.48) (2,656,007.44)

$

4,070,800.49

SUMMARY OF FUND BALANCE
Reserved Sales and Services Live Work Projects Prior Year Local Funds Technology Fees Uncollectible Accounts Receivable Inventories Bookstore Tuition
Total Reserved
Unreserved Surplus

$

127,132.52

105,913.78

265,000.00

262,387.55

211,629.24

152,408.24

2,118,516.04

822,898.44

4,065,885.81

4,914.68

Total Fund Balance

$

4,070,800.49

- 42 -

SOUTHEASTERN TECHNCIAL COLLEGE SUMMARY BUDGET COMPARISON AND SURPLUS ANALYSIS REPORT (NON-GAAP BASIS)
BUDGET FUND YEAR ENDED JUNE 30, 2018

REVENUES
State Appropriation State General Funds
Federal Funds Other Funds
Total Revenues
ADJUSTMENTS AND PROGRAM TRANSFERS
CARRY-OVER FROM PRIOR YEAR
Transfer from Reserved Fund Balance
Total Funds Available
EXPENDITURES
Adult Literacy Economic Development Technical Education
Total Expenditures
Excess of Funds Available over Expenditures
FUND BALANCE JULY 1
Reserved Unreserved
ADJUSTMENTS
Prior Year Payables/Expenditures Unreserved Fund Balance (Surplus) Returned
From the Technical Colleges Year Ended June 30, 2017
Refunds to Grantors Federal Financial Assistance Returned to Technical College System of Georgia Year Ended June 30, 2017
Prior Year Reserved Fund Balance Included in Funds Available
FUND BALANCE JUNE 30

BUDGET

ACTUAL

VARIANCE FAVORABLE (UNFAVORABLE)

$

9,026,756.49 $

837,122.00

7,223,025.60

17,086,904.09

-

9,026,756.49 $ 774,492.44
6,697,285.07
16,498,534.00
-

(62,629.56) (525,740.53)
(588,370.09)
-

17,086,904.09

1,616,185.80 18,114,719.80

1,616,185.80 1,027,815.71

795,200.00 197,200.00 16,094,504.09

17,086,904.09

$

-

728,352.41 194,306.65 15,685,532.38
16,608,191.44
1,506,528.36 $

66,847.59 2,893.35
408,971.71
478,712.65
1,506,528.36

1,822,155.11 3,050.02

12,624.77 (3,050.02)

(1,558.11) (1,616,185.80)

$

1,723,564.33

SUMMARY OF FUND BALANCE
Reserved Federal Financial Assistance Sales and Services Live Work Projects Technology Fees Inventories Bookstore Tuition
Total Reserved
Unreserved Surplus

$

635.32

1,940.99

60,452.94

536,713.13

205,969.31

531,217.89

371,578.55

1,708,508.13

15,056.20

Total Fund Balance

$

1,723,564.33

- 43 -

SOUTH GEORGIA TECHNICAL COLLEGE SUMMARY BUDGET COMPARISON AND SURPLUS ANALYSIS REPORT (NON-GAAP BASIS)
BUDGET FUND YEAR ENDED JUNE 30, 2018

REVENUES
State Appropriation State General Funds
Federal Funds Other Funds
Total Revenues
ADJUSTMENTS AND PROGRAM TRANSFERS
CARRY-OVER FROM PRIOR YEAR
Transfer from Reserved Fund Balance
Total Funds Available
EXPENDITURES
Adult Literacy Economic Development Technical Education
Total Expenditures
Excess of Funds Available over Expenditures
FUND BALANCE JULY 1
Reserved Unreserved
ADJUSTMENTS
Prior Year Payables/Expenditures Prior Year Receivables/Revenues Unreserved Fund Balance (Surplus) Returned
From the Technical Colleges Year Ended June 30, 2017
Refunds to Grantors Federal Financial Assistance Returned to Technical College System of Georgia Year Ended June 30, 2017
Prior Year Reserved Fund Balance Included in Funds Available
FUND BALANCE JUNE 30

BUDGET

ACTUAL

VARIANCE FAVORABLE (UNFAVORABLE)

$

9,600,874.58 $

1,607,861.92

9,342,371.09

20,551,107.59

-

20,551,107.59

876,000.00 90,000.00
19,585,107.59

20,551,107.59

$

-

$

9,600,874.58 $ 1,473,992.68 8,019,910.96
19,094,778.22
-

(133,869.24) (1,322,460.13)
(1,456,329.37)
-

1,047,822.94 20,142,601.16

1,047,822.94 (408,506.43)

795,409.17 64,020.61
18,006,558.87
18,865,988.65
1,276,612.51 $

80,590.83 25,979.39 1,578,548.72
1,685,118.94
1,276,612.51

1,143,196.98 225.54

(36,951.99) (167,214.92)
(225.54)

(12,212.28) (1,047,822.94)
1,155,607.36

SUMMARY OF FUND BALANCE
Reserved Refunds to Grantors Sales and Services Live Work Projects Continuing Education Technology Fees Uncollectible Accounts Receivable Inventories Bookstore
Total Reserved
Unreserved Surplus

$

58,552.63

625,447.10

89,549.25

62,524.37

80,185.83

35,395.05

50,455.45

149,188.71

1,151,298.39

4,308.97

Total Fund Balance

$

1,155,607.36

- 44 -

SOUTHERN CRESCENT TECHNICAL COLLEGE SUMMARY BUDGET COMPARISON AND SURPLUS ANALYSIS REPORT (NON-GAAP BASIS)
BUDGET FUND YEAR ENDED JUNE 30, 2018

REVENUES
State Appropriation State General Funds
Federal Funds Other Funds
Total Revenues
ADJUSTMENTS AND PROGRAM TRANSFERS
CARRY-OVER FROM PRIOR YEAR
Transfer from Reserved Fund Balance
Total Funds Available
EXPENDITURES
Adult Literacy Economic Development Technical Education
Total Expenditures
Excess of Funds Available over Expenditures
FUND BALANCE JULY 1
Reserved Unreserved
ADJUSTMENTS
Prior Year Payables/Expenditures Prior Year Receivables/Revenues Unreserved Fund Balance (Surplus) Returned
From the Technical Colleges Year Ended June 30, 2017
Prior Year Reserved Fund Balance Included in Funds Available
FUND BALANCE JUNE 30

BUDGET

ACTUAL

VARIANCE FAVORABLE (UNFAVORABLE)

$

14,137,057.98 $

14,137,057.98 $

1,931,370.62

1,685,744.52

19,476,205.16

16,441,820.65

35,544,633.76

32,264,623.15

-

-

(245,626.10) (3,034,384.51)
(3,280,010.61)
-

35,544,633.76

2,505,883.40 34,770,506.55

2,505,883.40 (774,127.21)

1,399,400.00 366,000.00
33,779,233.76

35,544,633.76

$

-

1,197,645.64 230,959.14
30,860,237.17
32,288,841.95
2,481,664.60 $

201,754.36 135,040.86 2,918,996.59
3,255,791.81
2,481,664.60

2,797,561.61 434.85

6,171.11 (60,275.03)

(434.85) (2,505,883.40)

$

2,719,238.89

SUMMARY OF FUND BALANCE
Reserved Federal Financial Assistance Sales and Services Live Work Projects Prior Year Local Funds Continuing Education Technology Fees Uncollectible Accounts Receivable Inventories Bookstore Tuition
Total Fund Balance

$

7,203.94

128,689.73

208,622.44

24,562.12

92,481.03

250,014.73

63,014.02

228,664.19

1,455,918.66

260,068.03

$

2,719,238.89

- 45 -

SOUTHERN REGIONAL TECHNICAL COLLEGE SUMMARY BUDGET COMPARISON AND SURPLUS ANALYSIS REPORT (NON-GAAP BASIS)
BUDGET FUND YEAR ENDED JUNE 30, 2018

REVENUES
State Appropriation State General Funds
Federal Funds Other Funds
Total Revenues
ADJUSTMENTS AND PROGRAM TRANSFERS
CARRY-OVER FROM PRIOR YEAR
Transfer from Reserved Fund Balance
Total Funds Available
EXPENDITURES
Adult Literacy Economic Development Technical Education
Total Expenditures
Excess of Funds Available over Expenditures
FUND BALANCE JULY 1
Reserved Unreserved
ADJUSTMENTS
Prior Year Payables/Expenditures Prior Year Receivables/Revenues Unreserved Fund Balance (Surplus) Returned
From the Technical Colleges Year Ended June 30, 2017
Prior Year Reserved Fund Balance Included in Funds Available
FUND BALANCE JUNE 30

BUDGET

ACTUAL

VARIANCE FAVORABLE (UNFAVORABLE)

$

16,303,767.71 $

16,303,767.71 $

3,094,289.00

2,326,369.88

14,521,921.59

12,818,306.60

33,919,978.30

31,448,444.19

-

-

(767,919.12) (1,703,614.99)
(2,471,534.11)
-

33,919,978.30

1,434,274.02 32,882,718.21

1,434,274.02 (1,037,260.09)

1,674,506.00 109,415.37
32,136,056.93

33,919,978.30

$

-

1,538,364.58 32,053.44
29,794,815.28
31,365,233.30
1,517,484.91 $

136,141.42 77,361.93
2,341,241.65
2,554,745.00
1,517,484.91

1,724,700.44 964.51

20,206.89 (188,402.10)

(964.51) (1,434,274.02)

$

1,639,716.12

SUMMARY OF FUND BALANCE
Reserved Refunds to Grantors Sales and Services Live Work Projects Prior Year Local Funds Technology Fees Inventories Bookstore Tuition
Total Reserved
Unreserved Surplus
Total Fund Balance

$

100.00

457,083.04

139,676.49

137,840.21

28,675.26

290,363.42

584,668.24

7.40

1,638,414.06

1,302.06

$

1,639,716.12

- 46 -

WEST GEORGIA TECHNICAL COLLEGE SUMMARY BUDGET COMPARISON AND SURPLUS ANALYSIS REPORT (NON-GAAP BASIS)
BUDGET FUND YEAR ENDED JUNE 30, 2018

REVENUES
State Appropriation State General Funds
Federal Funds Other Funds
Total Revenues
ADJUSTMENTS AND PROGRAM TRANSFERS
CARRY-OVER FROM PRIOR YEAR
Transfer from Reserved Fund Balance
Total Funds Available
EXPENDITURES
Adult Literacy Economic Development Technical Education
Total Expenditures
Excess of Funds Available over Expenditures
FUND BALANCE JULY 1
Reserved Unreserved
ADJUSTMENTS
Prior Year Payables/Expenditures Prior Year Receivables/Revenues Unreserved Fund Balance (Surplus) Returned
From the Technical Colleges Year Ended June 30, 2017
Prior Year Reserved Fund Balance Included in Funds Available
FUND BALANCE JUNE 30

BUDGET

ACTUAL

VARIANCE FAVORABLE (UNFAVORABLE)

$

19,440,827.47 $

19,440,827.47 $

-

2,747,204.00

2,499,769.18

(247,434.82)

23,032,868.15

21,284,028.81

(1,748,839.34)

45,220,899.62

43,224,625.46

(1,996,274.16)

-

-

-

45,220,899.62

1,819,541.92 45,044,167.38

1,819,541.92 (176,732.24)

1,843,800.06 823,570.84
42,553,528.72

45,220,899.62

$

-

1,765,554.89 823,570.84
40,066,584.98
42,655,710.71
2,388,456.67 $

78,245.17 -
2,486,943.74
2,565,188.91
2,388,456.67

2,495,458.69 2,311.88

514.81 (113,390.64)

(2,311.88) (1,819,541.92)

$

2,951,497.61

SUMMARY OF FUND BALANCE
Reserved Live Work Projects Technology Fees Uncollectible Accounts Receivable Inventories Bookstore Tuition
Total Reserved
Unreserved Surplus
Total Fund Balance

$

264,016.24

256,539.81

355,087.67

297,145.32

142,803.60

1,632,062.17

2,947,654.81

3,842.80

$

2,951,497.61

- 47 -

WIREGRASS TECHNICAL COLLEGE SUMMARY BUDGET COMPARISON AND SURPLUS ANALYSIS REPORT (NON-GAAP BASIS)
BUDGET FUND YEAR ENDED JUNE 30, 2018

REVENUES
State Appropriation State General Funds
Federal Funds Other Funds
Total Revenues
ADJUSTMENTS AND PROGRAM TRANSFERS
CARRY-OVER FROM PRIOR YEAR
Transfer from Reserved Fund Balance
Total Funds Available
EXPENDITURES
Adult Literacy Economic Development Technical Education
Total Expenditures
Excess of Funds Available over Expenditures
FUND BALANCE JULY 1
Reserved
ADJUSTMENTS
Prior Year Payables/Expenditures Prior Year Receivables/Revenues Refunds to Grantors
Federal Financial Assistance Returned to Technical College System of Georgia Year Ended June 30, 2017
Prior Year Reserved Fund Balance Included in Funds Available
FUND BALANCE JUNE 30

BUDGET

ACTUAL

VARIANCE FAVORABLE (UNFAVORABLE)

$

13,648,279.50 $

13,648,279.50 $

-

3,559,669.00

2,991,306.67

(568,362.33)

18,201,279.96

16,850,922.28

(1,350,357.68)

35,409,228.46

33,490,508.45

(1,918,720.01)

-

-

-

35,409,228.46

3,580,625.50 37,071,133.95

3,580,625.50 1,661,905.49

1,366,200.00 93,005.00
33,950,023.46

35,409,228.46

$

-

1,309,937.19 81,157.79
32,353,544.77
33,744,639.75
3,326,494.20 $

56,262.81 11,847.21 1,596,478.69
1,664,588.71
3,326,494.20

3,700,185.02

(109,231.49) (16,652.15)

(1,522.15) (3,580,625.50)

$

3,318,647.93

SUMMARY OF FUND BALANCE
Reserved Refunds to Grantors Live Work Projects Prior Year Local Funds Continuing Education Technology Fees Inventories Bookstore Tuition
Total Fund Balance

$

452.00

196,181.53

46,078.60

1,475,432.80

673,862.38

118,567.83

806,262.63

1,810.16

$

3,318,647.93

- 48 -