Elbert County Library, Elberton, Georgia, report on audit of the financial statements for the fiscal year ended June 30, 2002

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" " "',, ELBERT C'OUNTY, LIBRARY:

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.' 'ELBE, RTO. N.,GEORGIA.',

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REPORT ON AUDIT.

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,FOR'THE FISCAL YEAR ENDED JUNE 30. 2002'

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Russell W. Hinton.

State Auditor

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f-.LBERT COUNTY LIBRARY -"I ABLE or CON I ENTS -

FINANCIAL

INDLI'I:NDENT AUDITOR'S COMBINED REI'OR I ON GE1'oLRAl-I'URI'OSE FINANCIAL STATEMENTS AND SUI'I'LEMENTARY INFORMA liON

EXHIBrlS

GENERAL-I'URI'OSE fiNANCIAL STATLMENTS

COMBINED STATEMENTS - OVFRVIEW

A

COMBI},IED BALANCE SHEET

ALL rUND I YI'ES AND ACCOUNT GROUI'

B

COMBINED STATEMENT OF REVENUES. EXI'ENDI ruRES AND

CIIANGI:S IN FUND BALANCES

ALL GOVERNMEN r AI. FUND TYI'ES

4

C

COMBINED STATEMENT OF REVLNlIFS. EXI'ENDITURES AND

CHANGES IN FUND BALANCES - BUDGET AND ACTUAL

GENERAL AND SI'FCIAL REVENUE FUNDS

5

D NOTES TO THE GENERAL-I'URI'OSE: r1NANCIAL STA1 EMENTS

7

ADDITIONAL FINANCIAL INFOR\1ATION

SCIIEOULFS

SCHEDULE: OF ReVENUE

SlA"IE

14

2

FEDERAl

15

J

LOCAL

16

4

~CHEDULEm SALARIES AND rRA VEL

17

FINANCIAL

RII~" II W. HI"III"
"~T"'TE ,l,IJDlIOH

DEPARTMENT OF AUDITS AND ACCOUNTS
25.1 W..c.hlllglnn Strcc.:l S Vt,' "'UIlC 21.t
Atl.,mt..l, GCl1rglJ .30114-X4()()
July 17,2003

Honorahle Sonny Perdue. Governor Members 01 the General A~sembly Members of the Board of Regents of the University ~}~tem 01 Georgia
and Director dJld Member~ of thc I' Ibert County Library BOdl"d
INDEPENDENT AUDITOR'S COMBI~ED REPORT 0'\1 GENCRAL-PlJRPOSI' FINANCIAl S I ATEMEN fS A]\'D SUPPLEMENTARY INFORMATION
Ladles and Gentlemen
We have audited the accompanymg general-purpo~e Iinanclal ~tatemcnt~ of the Clbert County Library. a~ 01 and for the year cnded June 30, 2002. a~ lI~ted m the table ofcontcnts 1be~e generalpurpose Iinanclal ~tatements are the responsIbility of the Elbert County Llbrary'~ management Our respon~lbJllty IS to express an OpInIOn on these general-purpose linanelal statements hased on our audit
We conducted our audit m accordance with audltmg ~tandard~ generally acccpted m the Umted States 01 Amenca Those ~tandards requlrc that we plan and perlarm the audit to obtam reasonable as~unmcc about whether the general-purpo~e Iinanclal statemenls are Ih:e of matenal misstatement An audit mcludes exammmg. on a te~t ba~ls, e\ldence ~upponmgthe amounts and dlsclo~ures m the linanclal statements An audit al~o mcludes ~~c~smg the accountmg pnnuples used and >Igmlicant e~lImates made by management. a~ well as evaluating the O\erall financial statement pre~entallon We belIcve that our audit proVides a re~onable ba~ls lor our opmlOn
In our opml(ln. the general-purpose Iinanclal ~tatements referred to above present fairly. m all matenal respects. the financial POSition of the rIbcn County Library as of June 30. 2002. and the re~ults of It~ l'pcratlOn~ for the year then ended. m conformity With accountmg prinCiples generally acccpted m the Umted State~ of Amenca
Our audit was performed lor the purpose ot formmg an opmlon on the gencral-purpose Iinane131 ~tatements of the [Ibert County Library taken a~ a whole The aeeompanymg linanelal ,chedule~ (Schedules I through 4 l, a~ listed m the table of contents. arc presented for purposes of addilional
2002ARL-40

analysl~ and are not a required pan of the general-purpose financial statcments of the EIben County Library Such information has bcen subjected to the auditing procedures applied In the audit ofthc gencral-purpose financial statements and In our opinIOn. IS fairly statcd. In all matcrlal rcspects. In relation to the general-purpose finanCial statements taken a~ a whole A copy ofthl~ repon has been tiled a~ a pemmnent record In the office of the State Auditor and madc avallahle to the press oflhe Stale. as provldcd for by OffiCial Code ofGeorgia Annotated SecllOn 506-24
. - - - .Re~pectfully submlltcd
RWII as
2002ARL-40

ELSER1 COUNTY LIBRARY

ELBERT COUNTY LIBRARY COMBINED BALANCE SHEET ALL FUND TYPES AND ACCOUNT GROUP
JUNE 30, 2002

ASSETS Cash and Cash Equivalents Investments General FIXed Assets
Equipment Inexhaustible Collections and Books
Total Assets

GOVERNMENTAL FUND TYPES

SPECIAL

GENERAL

REVENUE

FUND

FUND

$

65,22072 $

000

17,29504

$

82515 76 $ _ _~=~O~OO~

FUND EQUITY
Investment In General Fixed Assets Fund Balances
Unreserved Designated for Bookmobile Replacement Undesl9nated
Total Fund Equrty

$

17,29504

65,22072 $

~O~OO~

$

82,515 76 $==_.....:O~OO~

The notes to the general-purpose financial statements are an Integral part of thiS statement
-2-

EXHIBIT "A"

ACCOUNT GROUP
GENERAL FIXED
ASSETS

TOTALS (Memorandum Only) JUNE 30, 2002 JUNE 30 2001

$

65,22072 $

58,81414

17,29504

17,29504

$

99,50982

99,509 82

116,43254

000

000

000

s

99,50982 $

182 025 58 $ _ _1~9;,;2o:,54=1~7~2

$

9950982 $

99,509 82 $

116,43254

17,29504 65,22072

1729504 5881414

$

99,50982 $

182,025 58 $~~1~92=-,54;;.;,;1=7=2

-3-

ELBERT COUNTY LIBRARY COMBINED STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES
ALL GOVERNMENTAL FUND TYPES
YEAR ENDED JUNE 39 2002

EXHIBIT "B"

REVENUES
State Funds Federal Funds Local Funds Other Funds
Tatal Revenues
EXPENDITURES
Current Public 5eIVlCeS Technk:al serviceS Support ServICeS Maintenance and Operahons Infonnabon Technology
Total Expenditures
Excess of Revenues over (under) Expenditures
FUND BALANCE JULY 1

GENERAL FUND

SPECIAL REVENUE
FUND

TOTALS

(Memorandum Only)

YEAR ENDED

JUNE 30, 2002

JUNE 30, 2001

$ 16710584 S
103,500 00 9,28972
$ 279895 56 $

S 55000
550 00 S

167,10584 S 550 00
103,50000 9289 72
280 445 56 $

16269341 55000
103,500 00 8,69551
27543892

S 41.55518 S 29,07871 180,46903 21,901 06 48500

$ 273488 98 $

$

6406 58 $

76 log 18

550 00 $
550 00 S 000 S 000

42,10518 S 29,07871 180,46903 21 901 06
48500
274038 98 $
6406 58 $
76,109 18

46,56574 29,038 46 169,44347 21,51178 34,0159Q
300,57535
-25138 43
10124561

FUND BALANCE JUNE 39

S 8251576 S

000 $

82,51576 $ _=~76.:.,:.og:;:.:1~8

The notes to the general-purpose financial statements are an Integral part of tillS statement -4-

ELBERT COUNTY LIBRARY COMBINED STATEMENT OF REVENUES EXPENDITURES AND CHANGES IN FUND BALANCES
BUDGET AND ACTUAL GENERAL AND SPECIAL REVENUE FUNDS
YEAR ENDED JUNE 30 2002

EXHIBIT C

REVENUES
State Funds Federal Funds
local Funds
Other Fulld$
Total Revenues
EXPENDITURES
Current PubliC ServIces Technical SeMCes Support ServIces Maintenance and Operations Information Tedlnology
Total ExperKhlures
Excess o~ Re'lenues over (under) Expen(ilturee.
FUND BALANCE JULY 1 2001

GENERAL FUND

BUDGET

ACTUAL

S 165708 84 S 167 10584

10350000 712000

103 SOD 00 928972

S 27632884 S 27989556

S 4395988 S 4155518

29,21287

2907871

180,15193

18046903

22504 16

21 901 06

50000

48500

S 27632884 S 273488 98

S

000 S 6406 58

000

7610918

FUND BALANCE JUNE 30 2002

S

000 S 8251576

SPECIAL REVENUE FUND

BUDGET

ACTUAL

S

000 S

55000

S

000 S

5S000

S

000 S

55000

S

000 S

55000

S

000 S

000

000

000

s

000 S

-"0",,0,,,0

The notes to the general-purpose finanCIal slatements are an Integral part of lhlS statement - 5-

ELBERT COUNTY LIBRARY

EXHIBIT "D"

NOTES TO rHE GENERAL-PURPOSE fiNANCIAL STATEMENTS

JUNE 30, 2002

!'.'ote I SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
REPORTING ENTITY
The Elbert County Library (LIbraI)') operatcs pUr<;uant to Ofliclal Code of Georgia Annotatcd Sections 20-5-40 through 20-5-59 to provide public hbrary scrvlces with costs shared by participating local governmcntal agenclcs and grants from the State of GeorgIa lbc financial statemcnts of the Library have been preparcd In conformity with gencrally accepted accounting pnnclples as appllcd to governmcntal UnIts and unle~s othcrwlse dl~losed In these notes, thc financial statements pn:sent all fund types and account groups of the LIbrary
Ibe Library Board consists ofscven members, three members appointed by Elbert County Board of Comml~slOnersand four members appointed by the Elberton CIty CouncIl The LIbrary Board IS Without authonty to determine the amount of ItS funding, except by submISSIon of budget requests to local govcrnmental UnIts from which thc LIbrary receives ~upport and to the State of Georgia for State and ~ederal fundmg MembershIp In the LIbra!) and participation In library servIces I~ at the discretion of each partICIpatIng governmental agency The LIbrary Board has thc power to de<,lgnate managcment, the powcr to retaIn unrcscrved fund balanccs of local and othcr funds for contInued operatIons and I~ thc lowest level of oversight rcsponslbillty for thc LIbrary's operations
While the Elberton City Council appoInts a maJonTy of the Elbert County Llbrary'~ Board, the City CouncIl IS nelthcr ablc to Impo~c ItS Will upon the Llbmry nor IS there a finanCIal benefit/burden relatIonship betwccn the two boards as defincd by Governmental AccountIng Standards Board Thc Elbcrt County Library IS thcrelorc conSIdered to be a related organl.f.atlOn ofthc City of Elberton, Georgia
FUND ACCOUNTING
'( hc LIbrary uscs funds and an account group to report on ItS linanclal posItIon and the rcsult~ of ItS opemtlOns Fund accountIng IS deSIgned to dcmonstrate legal compliance and to aId finanCial managcment by scgregatIng transactions relatcd to ccrtaIn govcrnmental functIOns or actIvltIcs
A fund is a scparate accountIng entity with a self-balancmg set of accounts An account group IS a financial reportIng devlcc dC~lgned to proVIde accountabIlIty for ccrtain assets and lIabllltlcs that arc not recorded In the funds because they do not dlrec\ly affl.-'l:\ expendable avaIlable finanCial
re~ourccs
The general-purposc finanCial statement> account for all State, I'edcral, Local and Other funds undcr control of the Library, In compliance with generally accepted accountIng pnnclples applicable to govcrnmental UnIts, unless otherwlsc disclosed In these notes Fund~ and the account group pre~ented In thiS rcport are as follO\\s
GOVERNMENTAL FU:"/D TYPES - u~cd to account for all or most of the LlbrUl)"s gcncral actIvitIes Governmental Fund Types Include
-7-

ELBERT COUNTY LIBRARY

EXHIBIT "D"

NOTES TO THI GENERAL-PURPOSE FINANCIAL STATEMENTS

JUNE 30, 2002

Note 1 SUMMARY Of SIGNIFICANl ACCOUNl ING POLICIES
GENERAL FUND - the fund used to account for all financIal resources of the Library except those reqUired to be accountcd for In anothcr fund These transactlon~ relate to resourccs obtaIned and used for ~rvlces proVIded by a LIbrary,
SPECIAL REVENUE FUND - the fund used to account for the proceeds of specific revenue sources that are legally rcstncted to expendItures for speCIfied purposes The pnmary type of ~peclal revenue fund consists ofprocecds receIved from State and Fedeml sources to accomplish specIfic objectIves and are reqUIred to be accounted for separately,
ACCOUNT GROUP
GENI-,RAL FIXED ASSETS ACCOUNT GROUP - used to account for all general fixed assets acqUIred by the Llbml)' which Includes eqUIpment and ine'l.haustIble eollcctlons and books The Elbcrt County Board of CommIssIoners o\,;TIS the land and bUildings utIlized In the operatIon~ of the Llbmry
BASIS OF ACCOUNTING
Thc accountIng and financial reportIng treatment applied to a fund IS determined by Its measurement focus All governmental funds are accounted for USIng a current tinanclal resources measurement focus With thIS measurement focus, only current as~ts and current lIablhtIes are genemlly Included on the balance sheet OpemtIng ~tatemenb ofthese funds present Increases (I e , revenues and other finanCIng source~) and decreases (I e , expenditures and other finanCIng uses) In net current asset~ TheIr reported fund balance IS conSIdered a mea~ure of available ~pendable resources
LIabIlitIes which arc expected to be financed trom aVaIlable spendable resources are reported as liabilitIes In the governmental funds
Governmental funds are accounted for U~Ing the modified accrual basIS ofaceountmg under whIch
Revenues are recogm7ed when susceptIble to accrual (I e . when they become both mea~urable and avaIlable) "Measurable" means the amount of the transactIOn can be determIned and "available" means collectible within the current penod or soon enough thereafter to be used to pay liabililies of the current penod. The Llbml)' con~lders receivables collected wlthm sixty days after year-end to be available and therefore susceptible to accrual Nonexchange transaclions. In which the Library gIves (or recelve~) value WIthout dlfectly receiving (or giVIng) equal value In exchange. Include intergovernmental grants and donations Revenue from grants and donations IS recogm7ed In the fiscal year In whIch all eligibIlity requirements have been satisfied
Expenditures are general!) recogmzed when the related fund liability is Incurred

-8-

El.BERT COUNTY LIBRARY

EXHIBIT "0"

NOTES TO THE GENERAL-PURPOSE FINANCIAL STATEMENl S

JUNE 30, 2002

Note I SUMMARY OF SIGNII-ICANT ACCOUNTING POLICIES
BUDGET
Thc Elbert County Library's budget I~ a complete financial plan for the Library's fiscal year and IS based upon estImatc, of expenditures together with probable fundmg sources, There I~ no statutOI') prOhibition regardmg overexpendlture of the budget at any level The budget tor all governmental fund~ IS prepared by lund. funclIon and object The legal level of budget control wa~ e~tablI~hed hy the LibraI')' at the aggrcgate level Thc budget for governmental fund, \\as prepared m accordance With gcncrally accepted aeeountmg pnnclples
The budget process begm, when the Library's admmlstratIon prepares a tentatIve aggregated budget for the Board's approval After approval ofthl, tentative budget by the Board. copIes are scnt to all local fundmg agencies After fundmg approval IS received from all local fundmg agencies. the Board makes reVlSlon~ a.~ necessary and adopts the budget The budget IS then ,ubmltted to the Board of Regenh of the University System of Georgia as a part of the Llbrary\ annual applIcatIOn for State aid The Board may mcrease or decrease the budget at any tIme dunng the year All unexpended budget authonty lap,es at liscal ycar end
CASH AND CASH EQUIVALENTS
COMPOSt nON OF DHOSITS Cash and cash eqUivalents consIst of cash on hand. demand depoSits and short-term mvestments \\lth ongmal matUrities of three months or less from the date of acqUisItIon m authonzed finanCial mstltutlons Georgia Laws authonze the Library to depoSit its funds in one or more solvent banks or msured Federal savmgs and loan associatIOns
INVESTMENTS
COMPOSI nON or INVESTMENTS
Investment, made by the LibraI')' m nonpanlclpatmg Interest-earmng contract, (such as certlficate~ of deposll) and repurchase agreements are reported at cost Panlclpatmg mterest-eaming contracts and money market mvestments With a matunty at purchase of one year or less are reported at amortized co~t 130th partlclpatmg mtere,t-eammg contracts and money market Investments With a matunty at purchase greater than one year are reported at fair value The OffiCIal Code of Georgia Annotated Scctlon 36-83-4 authonLcs the Library to mvest It~ funds In selectmg among options for Investment or among mstItutlOnal bids for depo,lts. the hlghe,t rate of return shall be the objectIve. given eqUivalent conditIOns of safety and lIqUidity Funds may be mvested m the followmg
(1) OblIgatIons Issued by the State of Georgia or by other states.
(2) ObligatIons I,sued by the Umted States government.

-9-

ELBERT COUNTY LIBRARY

EXHIBIT "D"

NOTES TO fHE GENFRAL-PURPOSE FINANCIAL S fATEMENTS

JUNF 30. 2002

Note I SUMMARY OF SIGNIFICANT ACCOUNTfNG POLICIES
(3) ObligatIOns fully Insured or guaranteed by the Umted State~ government or a Umted States government agency,
(4) ObligatIOns of any corporatIOn of the Umted States government,
(5) Pnme banker's acceptances,
(6) The Local Government Investment Pool administered by thc State of Georgia, Office of Treasury and Fiscal Services,
(7) Repurchase agreements, and
(8) Obligations of other political SUbdIVISions of the State of Georgia
GENERAL FIXED ASSETS
General fixed assets purchased, including capital outlay costs. are recorded as expenditures In the vanous funds at the tIme of purchase All purchased general fixed assets are valued at cost where hlstoncal records are available and at estimated hlstoncal co~t where no hlstoncal records eXist Donated general fixed assets are recorded at fair market value as of the date donated Disposals are deleted at recorded cost No depreciatIon halo been proVided on General Fixed Assets The cost of normal mamtenance and repairs that do not add to the value of the assets or matenally extend the useful lives ofthe asset~ IS not capitalIzed rhe values of inexhaustible collectIOns and books at the Library are not readily determinable, therefore, the Library ha~ not capitalIzed them
MEMORANDUM ONLY - TOTAL COLUMNS
Total columns on the general-purpose financial statements are captioned "Memorandum Only" to indicate that they arc presented only to faCIlitate finanCial analySIS Data In these columns do not present finanCial positIon or result~ of operatlon~In conformity WIth generally accepted accounting pnnclples, nor IS such data comparable to a consohdatlon Interfund ehminatlons have not been made In the aggregatIon of thiS data
Note 2 DEPOSITS
COLLATERALIZATION OF DEPOSITS Official Code of Georgia Annotated (OCGA) Scctlon 45-8-12 provlde~ that there shall not be on deposit at any tlmc In any depoSitory for a time longer than ten days a sum of money whIch has not been secured by surety bond, by guarantee of Insurance, or by collateral I'he aggregate of the face value of such surety bond and the markct value of secuntIes pledged shall be equal to not less than 110 percent ofthe public fund~ being :>ccurcd after the deductIon of the amount ofdepoSIt Insurance Ifa deposllory elects the pooled method (OCGA 45-8-13 I) the aggregate ofthc market value ofthe
- 10-

ELBER I COUNTY LIBRARY

EXHIBIT "D"

NOTES 10 [HE GENERAL-PURPOSE FINANCIAL STATEMENTS

JUNE 30, 2002

Note 2 Df.POSITS
~ecuntIes pledged to secure a pool of publIc fund~ shall be not les~ than 110 percent ofthe dally pool balance OCGA Section 45-8-11 (b) provides an oflicer holdIng publIc funds may, In hiS dl~cretlOn, Waive the requirement for secunty In the case of operatIng funds placed In demand deposit checkIng accounts
Acceptable secunty for depoSits consists 01 anyone of or any combInation of the follOWIng
(I) Surety bond ;Igned by a surety company duly qualIfied and authonzed to transact bUSIness withIn the Slate of Georgia,
(2) Insurance on account~ prOVided by the Federal Depo~1t Insumnce CorporatIon.
(3) Ronds. bills. notes. certlficate~ of Indebtedne~.,or other direct oblIgatlOn~ of the Ul1lted States or of the State of Georgia.
(4) Bond~, bills, notes. certificates of Indebtedncss or other oblIgatIons of the counllCS or mUl1lclpalItIes of the State of Gcorgla.
(5) Bond., of any publIc authorIty creatcd by thc laws of the State of Georgia. proVidIng that the statute that created the authonty authonzed the use of the bonds for thiS purpo~e.
(6) Industrial revenue bonds and bonds of developmcnt authonlles created by the laws of the Slate of Georgia. and
(7) Bonds, bills. notes. certificates of Indebtednes~. or other obligations of a subSidiary corporatIon of the Ul1lted Slates government. which are fully guaranteed by the lJl1lted States government both as to pnnclpal and Interest or debt oblIgatIOns Issued by the Federal Land Bank. the Federal Home Loan Bank. the Federal IntermedJate Credll Bank, the Central flank for Cooperatives. the Farm Credit Banks, the Fedcral Home Loan Mortgagc ASSOCiatIOn, and the I ederal NatIOnal Mortgage ASSOCiatIon
CATEGORIZAnON OJ- DEPOSII S At Junc 30. 2002. thc bank balances wcre $95.696 19 The bank balances were cntIrely covered by Federal depo~ltory In~urance
Note 3 GEl-.:ERAL FIXI,D ASSF rs
A ~ummary of changes In the Gencral Ilxed A~~ets Account Group dunng the fiscal year are a~ follows

- II -

ELI:lI:.R'1 COUNTY LIBRARY

EXHIBII "D"

NOTES TO THE GENERAL-PURPOSE FINANCIAL S [ATFMENTS

JUNL 30, 2002

Note 3 GENERAL fiXED ASSE rs

Balance July I, 200 I

Equipment $ 116,43254

Deductions

16,92272

Balance June 30, 2002 Notc 4 RISK MANAGEMENT

$ 99,509.82

1 he Library IS cxposcd to ~ anous nsks ofloss related to torts, theft of, damage to, and destructlun of assets, errors or omiSSions, Job related I1lne~s or InJunes to employees; acts of God, and unemployment compensation

The Library h~ obtained commercial Insurance for nsk ofloss assocIatcd with torts, assets, errors or omiSSIOns and job related Illness or InJunes to employees rhe Library has neither significantly rcduced covcrage for thcse nsks nor incurred losses (settlements) which cxceeded the Library's Insurancc coverage In any of the past three years

The Library has elected to self-Insure for all lo~ses related to acts of God The Library has not expenenced any losses related to thiS nsk In the past three years

The Library I~ self-Insured With regard to uncmployment compensation claims The Library accounts for claims Within the General Fund With expenditure and lIabilIty being rcported when It IS probable that a loss has occurred, and thc amount of that loss can be reasonably estimated The LI brary has not experienced any unemploymcnt compensatIOn claIms dunng the last two years

rhc Library ha~ purchased surety bond~ to provldc additIOnal Insurance coverage as follows

POSition Covered

Amount

Director A~~lstant Director Treasurer

$ 100,00000 $ 100,00000 $ 100,000.00

Note 5 RETIREMENT PLANS

TEACHERS RETIREMENT SYSTEM OF GEORGIA (TRS)

TRS PLAN DESCRIPTION SubstantIally all IIbranans and clerical personnel employed by regIOnal and county IIbranes are covered by the Tcachcrs Retirement System of Georgia (TRS), which IS a cost-shanng multiple

- 12 -

ELBERT COlJNTY LIBRARY

EXHIBIT "I)"

NOTfS TO THE GENERAL-PURPOSE FINANCIAL Sl ATEMLNTS

JUNE 30, 2002

Note 5 RI:. rIREMENT PLANS

employer dcfined benefit pensIon plan TRS provldcs servlCC retIremcnt, dl~ablhty retIremcnt and ~UrvIVO~ benefits for ItS members In accordance with State statute The Teache~ RctIrement S) ~\em of Georgia Issues a sepamte stand alone financial audll report and a copy can be obtained from the Gcorgla Department of Audits and Account~

I RS CONTRIBUTIONS REQUIRI::.D AND MAOf:
Employees of the LIbrary who are covered by TRS arc rcquired by Statc statute to contnbute 5% of their gross earnIng~ to TRS fhe Library makes monthly employer contnbutlOns to TRS at rate~ adopted by the 1 RS Board of Trustee~ In accordance With State statutc and as adVised hy their Independent actuary The reqUIred employer contnbutIon rate IS 9 24% and employer contnbutlOn~ for the current fiscal ycar and the prccedlng two fiscal ye~ are as follows

hscal Year

Percentage Contnbuted

ReqUIred ContnbutlOn

2002 2001 2000

100% 100% 100%

$ 13.98471 $ 15,74780 $ 15,263 68

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ELBERT COUNTY LIBRARY SCHEDULE OF STATE REVENUE
YEAR ENDED JUNE 30, 2002
AGENCYIFUNDING
GRANTS Board of Regents of the Umverslty System of Georgia Office of Public Library SeMCeS Salanes Travel LJbrary Matenals Maintenance and Operatlons

SCHEDULE "1"

GOVERNMENTAL FUND TYPE GENERAL FUND

$

142,25345

2,90000

11 07339

10,87900

$ =~~...:;16~7:..1g;0~5~8;;,4

See notes to the general-purpose finanCIal statements - 14 -

ELBERT COUNTY LIBRARY SCHEDULE OF FEDERAL REVENUE
YEAR ENDED JUNE 30, 2002
AGENCYIFUNDING GRANT Museum and Library ServiceS, Institute of Through Board of Regents of the University System of Georg.a Library Servtces and Technology Act State Library Program

SCHEDULE "2"
GOVERNMENTAL FUND TYPE SPECIAL REVENUE FUND

See notes to the general-purpose finanCIal statements
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ELBERT COUNTY LIBRARY SCHEDULE OF LOCAL REVENUE
YEAR ENDED JUNE 30 2002
LOCAL SOURCES City Government Elberton County Govemment Board of Commissioners Elbert

SCHEDULE "3"

GOVERNMENTAL FUND TYPE GENERAL FUND

$

50,000 Q4

53,499 96

$ =_-.:1.::03::.,;:;50:::0~0;::,0

See notes to the genera~purpose finanCIal statements
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ELBERT COUNTY LIBRARY SCHEDULE OF SALARIES AND TRAVEL
YEAR ENDED JUNE 30 2002

SCHEDULE "4"

NAME

BaIley, Bullock, Dean, Johnson, Maxwell, Matthews, Thornton,

Camilla Paula Vaquasha Peggy Sara Nancy Valencia

Totals per Report

TITLE CATEGORY
Secretary Director Library Aide Assistant DlrectorlBookkeeper Techmcal Service Bookmobile Dnver Public Servlce/Shelver

SALARIES

TRAVEL

$

18,531 36

62,54286 $

1,81200

60,24294

3,00000

10,03200

4,008 00

372491 1,091 28

$

160,169 16 $~~,,;4;:.:,8~1~6~1~9

See notes to the general-purpose finanCIal statements
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