Comprehensive annual financial report, June 30, 2007 [Jan. 31, 2008]

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Collection:
Georgia Government Publications
Serial:
Comprehensive annual financial report for the fiscal year ended ... / State of Georgia.
Title:
Comprehensive annual financial report, June 30, 2007 [Jan. 31, 2008]
Creator:
Georgia. State Accounting Office
Contributor to Resource:
Georgia. State Accounting Office
Publisher:
Atlanta, Ga. : Georgia. State Accounting Office
Date of Original:
2008-01-31
Subject:
Georgia
Location:
United States, Georgia, 32.75042, -83.50018
Medium:
publications (documents)
Type:
Text
Format:
application/pdf
Description:
June 30, 1994-
"This report is presented in three sections: Introductory, Financial, and Statistical. The introductory section, which is unaudited, includes [the] transmittal letter, an organization chart and a listing of principal officials. The financial section includes the general purpose financial statements and the combining financial statements, and the auditor's report on the financial statements. The statistical section, which is unaudited, includes selected financial and demographic information, generally presented for multiple years."
"Includes balance sheets, tables of expenditures and reports on various funds covering the State of Georgia's fiscal year from July 1-June 30."
Prepared by the Dept. of Audits, fiscal year ended June 30, 1994-fiscal year ended June 30, 1995; by the Dept. of Audits and Accounts, fiscal year ended June 30, 1996-June 30, 2003; by the State Accounting Office and Georgia Dept. of Audits and Accounts, June 30, 2004; by the State Accounting Office, June 30, 2005-
Latest issue consulted: June 30, 2005.
External Identifiers:
Call Number GA A200 .A1 2006-2007
Metadata URL:
https://dlg.galileo.usg.edu/id:dlg_ggpd_y-ga-ba200-b-pa1-b2006-h2007
Digital Object URL:
https://dlg.galileo.usg.edu/do:dlg_ggpd_y-ga-ba200-b-pa1-b2006-h2007
Language:
eng
Holding Institution:
University of Georgia. Map and Government Information Library
Rights:
In Copyright

Comprehensive
III Annual Financial Report
For the Fiscal Year Ended June 30,2007

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The picture montage on the front'cover consistsof various sym'bolsor designations

that were adopted over the years by official resolution by the Georgia General

Assembly. These symbols include the azalea, the state wildflower; the honey bee,

the state insect; and the peach, the state fruit. To learn more about our state

symbols, please visit http:/~.sos.ga.go~/state~symbolslstate~syhmtrn~l.Is.

State of Georgia
Comprehensive Annual Financial Report For the Fiscal Year Ended June 30,2007
Prepared by State Accounting Office

State of Georgia
Table of Contents For the Fiscal Year Ended June 30. 2007
INTRODUCTORY SECTION
Letter of Transmittal.............................................................................................................................................................i...
Organizational Chart............................................................................................................................................................. vii Principal State Officials and Acknowledgements.................................................................................................................. ix
FINANCIAL SECTION
Independent Auditor's Report ............................................................................................................................................... 1 Management's Discussion and Analysis ...................................................................................................................................... 7
Basic Financial Statements
Statement of Net Assets........................................................................................................................................................ 20 Statement of Activities.......................................................................................................................................................... 22 Balance Sheet - Governmental Funds .................................................................................................................................. 24 Reconciliation of the Balance Sheet - Governmental Funds to the Statementof Net Assets ............................................... 25 Statement of Revenues, Expenditures, and Changes in Fund Balances - Governmental Funds............................................ 26
Reconciliation of the Statement of Revenues, Expenditures, and Changes in
Fund Balances - GovernmentalFunds to the Statementof Activities ...........................................................................2..7.
Statement of Net Assets- Proprietary Funds ....................................................................................................................... 28
Statement of Revenues, Expenses, and Changes in Fund Net Assets - ProprietaryFunds................................................3..2.
Statement of Cash Flows - Proprietary Funds...................................................................................................................... 34 Statement of Fiduciary Net Assets - Fiduciary Funds .......................................................................................................... 38 Statement of Changes in Fiduciary Net Assets - Fiduciary Funds...................................................................................... 39 Combining Statement of Net Assets - Component Units ..................................................................................................... 40 Combining Statement of Activities - Component Units ....................................................................................................... 44 Notes to the Financial Statements......................................................................................................................................... 47
Required Supplementary Information
Retirement Systems and Other Postemployment Benefit Plans - Required Supplementary Schedules .............................. 100 Budgetary Comparison Schedule - Budget Fund .......................................................................................................... 1 0 2
Notes to Required Supplementary Information ............................................................................................................. 116
Supplementary Information - Combining and Individual Fund Statements
Nonmajor GovernmentalFunds
Description of Nonmajor Governmental Funds .......................................................................................................... 120 Combining Balance Sheet - Nonrnajor Governmental Funds...................................................................................... 122
Combining Statement of Revenues, Expenditures, and Changes in
Fund Balances - Nonmajor Governmental Funds ....................................................................................................... 124
Internal Service Funds
Description of Internal ServiceFunds.......................................................................................................................... 128 Combining Statement of Net Assets - Internal Service Funds .......................................................................................1. 30 Combining Statement of Revenues, Expenses, and Changes in Fund Net Assets - Internal Service Funds ...................132
Combining Statement of Cash Flows - Internal Service Funds .................................................................................. 134 Combining Statementof Net Assets - Internal Service Funds - Risk Management........................................................ 138 Combining Statement of Revenues, Expenses and Changes in Fund Net Assets - Internal Service Funds -
Risk Management ........................................................................................................................................................ 140
Combining Statement of Cash Flows - Internal Service Funds - Risk Management ...................................................... 142

State of Georgia
Table of Contents For the Fiscal Year Ended June 30. 2007

Fiduciary Funds
Description of Fiduciary Funds....................................................................................................................................... 146 Combining Statement of FiduciaryNet Assets - Pension and Other Employee Benefit Trust Funds............................. 150
Combining Statement of Changes in FiduciaryNet Assets - Pension and Other Employee Benefit Trust Funds ..........152
Combining Statement of Fiduciary Net Assets - Pension and Other Employee Benefit Trust Funds -
Defined Benefit Pension Plans .................................................................................................................................... 154
Combining Statement of Changes in Fiduciary Net Assets - Pension and Other Employee Benefit Trust Funds -
Defined Benefit Pension Plans ................................................................................................................................... 156 Combining Statement of Fiduciary Net Assets - Investment Trust Funds .................................................................. 158
Combining Statement of Changes in Fiduciary Net Assets - Investment Trust Funds................................................... 159
Combining Statementof FiduciaryNet Assets - Private Purpose Trust Funds............................................................... 160 Combining Statement of Changes in Fiduciary Net Assets - Private Purpose Trust Funds ............................................ 161 Combining Statementof Fiduciary Assets and Liabilities- Agency Funds.................................................................... 162 Combining Statement of Changes in Fiduciary Assets and Liabilities - Agency Funds ................................................. 164
Nonmajor Component Units
Description of Nonmajor Component Units................................................................................................................. 170 Combining Statement of Net Assets - Nonmajor Component Units.............................................................................. 174 Combining Statement of Activities - Nonmajor Component Units ............................................................................. 178
- Combining Statementof Net Assets - Nonmajor Component Units - Economic Development Organizations ............. 180
Combining Statementof Activities Nonmajor Component Units - Economic Development Organizations................ 184
Combining Statementof Net Assets - Nonmajor Component Units - TourismlStateAttractions...............................1 8 6
Combining Statementof Activities - Nonmajor Component Units - TourisdState Attractions .................................... 188

STATISTICAL SECTION

Index to Statistical Section ........................................................................................................................................... 193

Schedule 1 Net Assets by Component ........................................................................................................................... 195

Schedule 2 Changes in Net Assets .............................................................................................................................. 196

Schedule 3 Fund Balances of GovernmentalFunds..................................................................................................... 198

Schedule 4 Changes in Fund Balances of Governmental Funds.....................................................................................1.99

Schedule 5 Revenue Base . Personal Income by Industry ....................................................................................2.0..0...

Schedule 6 Personal Income Tax Rates by Filing Status and Income Level.................................................................. 202

Schedule 7 Personal Income Tax Filers and Liability by Income Level .................................................................... 2 0 3

Schedule 8 Ratios of Outstanding Debt by Type ......................................................................................................... 205

Schedule 9 Computation of Legal Debt Margin .............................................................................................................. 206

Schedule 10 Population/Demographics..................................................................................................................... 2 0 8

Schedule 11 Ten Largest Employers ................................................................................................................................. 209

Schedule Schedule

12 13

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Schedule 14 Value of Capital Assets by Function.......................................................................................................2..1..4.

.,INTRODUCTORYSECTION