Review report, state of Georgia, Darton College, Albany, Georgia, year ended June 30, 1995

DARTON COLLEGE
- TABLE OF CONTENTS -

INDEPENDENT ACCOUNTANT'S COMBINED REPORT ON REVIEW OF FINANCIAL STATEMENTS AND SUPPLEMENTARYINFORMATION

EXHIBITS

FINANCIAL STATEMENTS

A COMBINED BALANCE SHEET ALL FUND GROUPS
B COMBINED STATEMENT OF CHANGES IN FUND BALANCES ALL FUND GROUPS
C STATEMENT OF CURRENT FUNDS REVENUES, EXPENDITURES, AND OTHER CHANGES
D NOTES TO THE FINANCIAL STATEMENTS

SUPPLEMENTARY INFORMATION

E COMBINING BALANCE SHEET
CURRENT FUNDS - UNRESTRICTED
F COMBINING STATEMENT OF CHANGES IN FUND BALANCES
CURRENT FUNDS - UNRESTRICTED
G COMBINING STATEMENT OF CURRENT FUNDS REVENUES, EXPENDITURES AND OTHER CHANGES
UNRESTRICTED

SCHEDULES

SCHEDULES OF REVENUES AND EXPENDITURES COMPARED TO BUDGET

1

RESIDENT INSTRUCTION

2

LOTTERY FOR EDUCATION

3 SCHEDULE OF CASH RECEIPTS AND DISBURSEMENTS

AGENCY FUNDS

4 CASH AND CASH EQUIVALENTS

5 ACCOUNTS RECEIVABLE

6 CHANGES IN INVESTMENT IN PLANT

7 SCHEDULE OF FUND BALANCES

CURRENT FUNDS AND PLANT FUNDS

8 SCHEDULE OF REVENUES

CURRENTFUNDS

SCHEDULES OF EXPENDITURESBY OBJECT

9

CURRENTFUNDS

10

PLANT FUNDS

11 RECONCILIATION OF SALARIESAND WAGES, AND TRAVEL

CIAUDEL. VICKERS
STATE AUDITOR (404) 655-2174

DEPARTMEONFTAUDITS
254 Washington Street, S.W., Suite 214 Atlanta, Georgia 30334-8400
October 12, 1995

Honorable Zell Miller, Governor Members of the General Assembly of Georgia Members of the Board of Regents of the University System of Georgia
and Honorable Peter J. Sireno, President Darton College
INDEPENDENT ACCOUNTANT'S COMBINED REPORT ON REVIEW OF FINANCIAL STATEMENTS AND SUPPLEMENTARY INFORMATION
Ladies and Gentlemen:
We have reviewed the accompanyingfinancial statements(Exhibits A through D) of Darton College as of and for the year ended June 30, 1995, in accordance with Statements on Standards for Accounting and Review Servicesissued by the American Institute of Certified Public Accountants. All information included in these financial statements is the representation of the management of Darton College.
A review consists principally of inquiries of College personnel and analytical procedures applied to financial data. It is substantially less in scope than an audit in accordancewith generally accepted auditing standards, the objective of which is the expression of an opinion regarding the financial statements taken as a whole. Accordingly, we do not express such an opinion.
Based on our review, with the exception of the matters described in the fourth and fifth paragraphs, we are not aware of any material modiicationsthat should be made to the accompanyingfinancial statements in order for them to be in conformity with generally accepted accounting principles.
As described in Note 1to the fjnancial statements, Georgia Law and Statebudgetary policy require the College to prepare its financial statements on a basis which is not consistent with generally accepted accounting principles with respect to the recording of encumbrances as expendituresand liabilities To conform with generallyaccepted accountingprinciples, encumbrances should be recorded as a reservation of h n d balance The effects on the financial statements of this departure from generally accepted accounting principles were not reasonably determinable, but are believed to be material.