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"" .... , c .. , ',' .. -, .' ... ~ , .'. j':; , .,'.. ~ " BLECKLEY COUNTY BOARD OF EDUCATION -TABLEOFCONTENTS- SECTION I FINANCIAL INDEPENDENT AUDITOR'S COMBINED REPORT ON GENERAL-PURPOSE FINANCIAL STATEMENTS AND SUPPLEMENTARY INFORMATION SCHEDULE OF EXPENDITURES OF FEDERAL AWARDS EXHIBITS GENERAL-PURPOSE FINANCIAL STATEMENTS COMBINED STATEMENTS - OVERVIEW A COMBINED BALANCE SHEET ALL FUND TYPES AND ACCOUNT GROUP 2 B COMBINED STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES ALL GOVERNMENTAL FUND TYPES 4 C COMBINED STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES - BUDGET AND ACTUAL (NON-GAAP BASIS) GENERAL AND SPECIAL REVENUE FUNDS 6 D NOTES TO THE GENERAL-PURPOSE FINANCIAL STATEMENTS 7 ADDmONAL FINANCIAL INFORMATION COMBINING STATEMENTS SPECIAL REVENUE FUND E COMBINING BALANCE SHEET 20 F COMBINING STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES 22 CAPITAL PROJECTS FUND G COMBINING BALANCE SHEET 24 H COMBINING STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES 26 SCHEDULES 1 SCHEDULE OF EXPENDITURES OF FEDERAL AWARDS 28 2 SCHEDULE OF STATE REVENUE 30 3 SCHEDULE OF APPROVED LOCAL OPTION SALES TAX PROJECTS 31 ALLOTMENTS AND EXPENDITURES GENERAL FUND - QUALITY BASIC EDUCATION PROGRAMS (QBE) 4 BY PROGRAM 32 5 BY SITE 33 BLECKLEY COUNTY BOARD OF EDUCATION -TABLE OF CONTENTS- SECTIONll COMPLIANCE AND INTERNAL CONTROL REPORTS REPORT ON CO~LIANCEAND ON INTERNAL CONTROL OVER FINANCIAL REPORTING BASED ON AN AUDIT OF FINANCIAL STATEMENTS PERFORMED IN ACCORDANCE WITH GOVERNMENT AUDITING STANDARDS REPORT ON COMPLIANCE WITH REQUIREMENTS APPLICABLE TO EACH MAJOR PROGRAM AND ON INTERNAL CONTROL OVER COMPLIANCE IN ACCORDANCE WITH OMB CIRCULAR A-133 SECTIONID AUDITEE'S RESPONSE TO PRIOR YEAR FINDINGS AND QUESTIONED COSTS SUMMARY SCHEDULE OF PRIOR YEAR FINDINGS AND QUESTIONED COSTS SECTION IV FINDINGS AND QUESTIONED COSTS SCHEDULE OF FINDINGS AND QUESTIONED COSTS SECTION I FINANCIAL RUSSELL W. HINTON STATE AUDITOR (404) 656-2174 DEPARTMENT OF AUDITS AND ACCOUNTS 254 Washington Street, S W SUIte 214 Atlanta, Georgia 30334-8400 December 20, 2002 Honorable Sonny Perdue, Governor Members ofthe General Assembly Members of the State Board of Education and Superintendent and Members of the Bleckley County Board of Education INDEPENDENT AUDITOR'S COMBINED REPORT ON GENERAL-PURPOSE FINANCIAL STATEMENTS AND SUPPLEMENTARY INFORMATION SCHEDULE OF EXPENDITURES OF FEDERAL AWARDS Ladies and Gentlemen: We have audited the accompanying general-purpose financial statements of the Bleckley County Board of Education, as of and for the year ended June 30, 2002, as listed in the table of contents. These general-purpose financial statements are the responsibility of the Bleckley County Board of Education's management. Our responsibility is to express an opinion on these general-purpose fmancial statements based on our audit. We conducted our audit in accordance with auditing standards generally accepted in the United States of America and the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General ofthe United States. Those standards require that we plan and perfonn the audit to obtain reasonable assurance about whether the fmancial statements are free ofmaterial misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audit provides a reasonable basis for our opinion. As described in the notes to the general-purpose financial statements, the Board of Education's financial statements have been prepared using certain accounting practices and policies which, in our opinion, vary in some respects from generally accepted accounting principles. These variances are described as follows: 2002ARL-13 * The general-purpose financial statements of the Board of Education did not contain a General Fixed Assets Account Group to account for property and equipment owned by the Board of Education which should be included to conform to generally accepted accounting principles. * School activity accounts maintained at the individual schools are not included in the general-purpose financial statements. To conform to generally accepted accounting principles, these accounts should be included in the general-purpose financial statements. * The Board of Education did not recognize as expenditures, in the year ended June 30, 2002, a portion of salaries and the corresponding employer's cost of related benefits earned for contractual services completed prior to June 30, 2002. Also funds received, subsequent to June 30, 2002, from the Georgia Department of Education for the State's share of these unrecorded salaries and related benefits were not recorded as revenue in the year under review. Conversely, the similar expenditures and related revenues for contractual services completed prior to June 30, 2001, were improperly recorded in the year ended June 30, 2002. To conform to generally accepted accounting principles, revenues should be recorded when available and measurable and expenditures should be recorded when incurred, rather than when funds are received or disbursed. The aggregate effects on the general-purpose financial statements of these variances or omissions have not been determined, but are believed to be material. IQ our opinion, except for the effects on the general-purpose financial statements of the matters referred to in the preceding paragraph, the general-purpose financial statements referred to above present fairly, in all material respects, the financial position of the Bleckley County Board of Education as ofJune 30, 2002, and the results ofits operations for the year then ended, in conformity with accounting principles generally accepted in the United States of America. In accordance with Government Auditing Standards, we have also issued our report dated December 20,2002, on our consideration of the Bleckley County Board of Education's internal control over financial reporting and our tests of its compliance with certain provisions of laws, regulations, contracts and grants. That report is an integral part of an audit performed in accordance with Government Auditing Standards and should be read in conjunction with this report in considering the results of our audit. . Our audit was performed for the purpose of forming an opinion on the general-purpose financial statements of the Bleckley County Board of Education taken as a whole. The accompanying combining statements (Exhibits E through H) and the financial schedules (Schedules 1 through 5), which includes the Schedule of Expenditures of Federal Awards as required by U. S. Office of Management and Budget Circular A-133, Audits of States, Local Governments, and Non-Profit Organizations, are presented for purposes of additional analysis and are not a required part of the 2002ARL-13 general-purpose financial statements. Such information has been subjected to the auditing procedures applied in the audit ofthe general-purpose financial statements and in our opinion, except for the effects ofthe matters referred to in the third paragraph, such information is fairly stated, in all material respects, in relation to the general-purpose financial statements taken as a whole. A copy ofthis report has been filed as a permanent record in the office ofthe State Auditor and made available to the press ofthe State, as provided for by Official Code ofGeorgia Annotated Section 506-24. Respectfully submitted, ~~ Ru ell W. Hinton State Auditor RWH:as 2002ARL-13 BLECKLEY COUNTY BOARD OF EDUCAnON The notes to the general-purpose finanCIal statements are an Integral part of this statement -2- EXtHBlT "A" DEBT SERVICE FUND ACCOUNT GROUP GENERAL LONGTERM PEBT TOTALS (Memorandum Only) JUNE 30, 2002 JUNE 30, 2001 $ 58.61194 $ 4,297,36290 $ 2,287,02549 4,555,694 59 600,00000 435,22307 436,31697 35,76885 15,48969 31,22287 15.52564 $ 58,67194 58.67194 5,336,328 06 314,277 07 5.336,32806 314,277 01 1.240,00000 327,206 92 $ 58167194 $ 5,709,277 07 $ 151048181617 $ 4,937,29789 $ 176,92347 $ 128.335,58 208,28736 183.07378 5,11039 $ 314.27101 314,277 01 327,20692 51 395,000 00 5,395,00000 1,240.000 00 $ 5,709,27707 $ 6,100,19829 $ 1,878,61628 $ 58,67194 000 $ 58,61194 $ 338.38588 $ 326,34380 58,67194 7382 2,215,320 77 1,328,17807 35,78885 15,48969 3.381.100 16 803,13205 2,'20,'4854 $ 6,948.61188 $ 31,22281 15.52564 '.351,33141 3.058,681 6' $ 56,61194 $ 5,709127701 $ 15,048,81617 $ 4,937,29789 .3- BLECKLEY COUNTY BOARD OF EDUCATION COMBINED STATEMENT OF REVENUES EXPENPITURES AND CHANGES IN FUND BALANCES ALL GOVERNMENTAL FUND TYPES YEAR ENDED JUNE 30 2002 REVENUES State Funds Federal Funds Taxes Other Funds Total Revenues EXPENDITURES Current Instruction Support Services Pupil Services Improvement of Instructional Services Educational Media Services General Administration School Admlnlstrallon BUSiness Admlnlstrabon Mamtenance and OperabOn of Plant Student Transportation serviceS Central Support SelVlC8s Other Support Services Food Services Operation Community selVlceS Operabons Capital Outlay Debt Service Pnnopal Interest Total Expendlturas Excess of Revenues over (under) Expenditures OTHER FINANCING SOURCES (USES) Proceeds from General Obhgabon Bonds Par Value Capital Leases Operating Transfers In Operabng Transfers Out Total Other FinanCing Sources (Uses) Excess of Revenues and Other FinanCing Sources over (under) ExpenditUres and Other FinanCing Uses FUNP BALANCE JULY 1 Food Inventory Net Change In Penod Donated Commodlbes Purchased Food FUND BALANCE JUNE 30 - GENERAL FUND SPECIAL REVENUE FUND $ 11,326,452 27 $ 2,754 72 2,281,69706 225,00721 $ 13,835,911 26 $ 852,56786 1,639,31954 384,00729 2,875,894 69 $ 9,278,68551 $ 298,92728 207,27828 302,43291 235,51040 881,68814 56,06563 937,30274 656,817 05 9,217 40 44,19959 20,13903 35,45782 49,23036 158,52291 22,26750 $ 13,193,74255 $ $ 642,16871 $ 1,201,637 58 281,62420 117,76357 120,15860 4,83056 46,931 12 30,73954 1,084,53343 2,888,21860 -12,32391 $ 144,934 59 $ 144,934 59 $ 787,10330 $ 1,648,72812 -12,32391 81,n542 4,54598 -3595 $ 21435183142 $ 73 1961 54 The notes to the general-purpose finanaal sta1ements ara an Integral part of thIS statement 4- EXHIBIT "B" CAPITAL PROJECTS FUND DEBT SERVICE FUND TOTALS (Memorandum Only) YEAR ENDED JUNE 30, 2002 JUNE 30, 2001 $ 858,58726 $ 174,134 67 $ 1,032,72193 $ $ 111.50500 22238 12,179.02013 $ 1,642.07426 3,251,78932 783.37155 11.637,134 06 1,566.13565 3,149,691 78 668.34552 111,72738 $ 17,856,25526 $ 17,021.30701 $ 10,480,32309 $ 10,143,53661 $ 39,71032 82,58714 580,55148 325,041 85 302,43291 355,66900 881.68814 95,77595 942,13330 703,74817 9,217 40 74,93913 1,104,67246 35,45782 131,817 50 535,68845 338,904 97 287,99582 353,11794 839.30911 48,72109 834.21954 695,811 89 7,964 74 57,02815 1,085,865,24 33,90844 204,27340 $ 45.000 00 66,50500 203,522.91 88,77250 232,69565 96,67692 $ 122,29746 $ 111,50500 $ 16,315,76361 $ 15.795,717 96 $ 910,42447 $ 22238 $~0.49165 $ 1.225,58905 $ 4,200,00000 $ -58,44956 $ 4,141,55044 $ $ 5,051,97491 $ 1.328,178 07 $ 58,44956 58,44956 $ 4,200,000 00 144,934 59 $ 58,44956 -58.44956 4,344,934 59 $ 96.623.06 96,62306 58,67194 $ 000 5,885,426 24 $ 3,058,681 61 1,322,212.11 1,736,87050 4,54598 -3595 -5,584 88 5,18388 $ 6,380.152 98 $ 58,67194 $ 8,948.617 88 $ 3,058,681 61 -5- BbECKLEY COUNTY BOARp OF EDUCATION COMBINED STATEMENT OF REVENUES EXPENDITURES ANP CHANGES IN FUNp BALANCES BUDGET AND ACTUAL - INON-GAAP BASIS) GENERAL AND SPECIAL REVENUE FUNPS YEAR ENPEP JUNE 30 2002 EXHIBIT "C" GENERAL FUND BUDGET ACTUAL REVENUES State Funds Federal Funds Taxes Other Funds $ 11,175,086 00 $ 11.326.452 27 9.99454 2,754 72 2.148.75000 2,281,69706 132.20000 225.00721 Total Revenues $ 13,466.030 54 $ 13,835,911 26 EXPENPITURES Current Instruction Support SeMces Pupil Services Improvement of Instructional SeMces Educational Media SeMces General Administration School AdminIstration BUSiness Administration Maintenance and Operation of Plant Student Transportation Services Central Support Services Other Support Services Food Services Operation Community Services Operations Capital Outlay Debt Service $ 9,556,484 10 $ 9,278,68551 309,46044 187,134 00 303,171 00 225,84000 884,85700 114,56700 1,016,02600 711,13600 10,661 00 40,000 00 17,51200 145,000 00 298,92728 207,27828 302,43291 235,51040 881,68814 56,06563 937,302.74 656,817 05 9.217 40 44,19959 20,13903 35,45782 49.23036 180,79041 Total ExpendllUras $ 13,521.848 54 $ 13.193.74255 Excess of Revenues over (under) Expenditures $ -55,81800 $ 642,16871 OTHER FINANCING SOURCES Other Sources 144,934 59 Excess of Revenues and Other FinanCing Sources over (under) Expenditures $ -55,81800 $ 787,10330 FUND BALANCE JULY 1 2001 1,037,35540 1,648.728 12 Food Inventory - Net Change In Penod Donated Commodities Purchased Food FUND BALANCE JUNE 30 2002 $ 981 153740 $ 2A35183142 SPEC~LREVENUEFUND BUDGET ACTUAL $ 839.89160 $ 852.56786 1,639,351 00 1.639,31954 342,10000 384.00729 $ 2,821,34260 $ 2,875.89469 $ 1,288.803 20 $ 1,201.637 58 289,33600 112,13300 281,62420 117,76357 131,88000 120,15860 8,30000 52,65000 31,62500 1,009,87440 4,83056 46,931 12 30,73954 1,084,533 43 $ 2.924.601 60 $ 2,888.21860 $ -103,25900 $ -12,32391 $ -103,25900 $ 75,73577 -12,32391 81,77542 4,54598 -3595 $ The notes to the general-purpose finanCIal statements are an Integral part of thiS statement -6- BLECKLEY COUNTY BOARD OF EDUCATION EXHffiIT "0" NOTES TO THE GENERAL-PURPOSE FINANCIAL STATEMENTS JUNE 30. 2002 Note I: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES REPORTING ENTITY The Bleckley County Board of Education (School District) was established under the laws of the State of Georgia and operates under the guidance of a school board elected by the voters and a Superintendent appointed by the Board. The School District is organized as a separate legal entity and has the power to levy taxes and issue bonds. Its budget is not subject to approval by any other entity. Accordingly, the School District is a primary government and consists of all the organizations that compose its legal entity. FUND ACCOUNTING The School District uses funds and an account group to report on its financial position and the results ofits operations. Fund accounting is designed to demonstrate legal compliance and to aid financial management by segregating transactions related to certain governmental functions or activities. A fund is a separate accounting entity with a self-balancing set of accounts. An account group is a financial reporting device designed to provide accountability for certain assets and liabilities that are not recorded in the funds because they do not directly affect expendable available financial resources. General Fixed Assets are recorded as expenditures in the various funds at the time ofpurchase. A General Fixed Assets Account Group is not presently maintained by the School District. To conform to generally accepted accounting principles, a General Fixed Assets Account Group should be maintained for reporting the cost of assets acquired by governmental fund types. Although "school activity accounts" are maintained at the individual schools, neither the assets, liabilities and fund equity, nor the revenues, expenditures and changes in fund balances of these accounts are reflected in these financial statements. To conform to generally accepted accounting principles, these accounts should be recorded in the general-purpose financial statements. The general-purpose fmancial statements account for all State, Federal, Taxes and Other funds under control of the School District, in compliance with generally accepted accounting principles applicable to governmental units, unless otherwise disclosed in these notes. Funds and the account group presented in this report are as follows: GOVERNMENTAL FUND TYPES - are used to account for all or most of the School District's educational activities. Governmental Fund Types include: GENERAL FUND - the fund used to account for all financial resources of the School District except those required to be accounted for in another fund. These transactions relate to resources obtained and used for services provided by a board of education. -7- -------------- BLECKLEY COUNTY BOARD OF EDUCAnON EXHffiIT "D" NOTES TO THE GENERAL-PURPOSE FINANCIAL STATEMENTS JUNE 30. 2002 Note I: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES SPECIAL REVENUE FUND - the fund used to account for the proceeds of specific revenue sources (other than for major capital projects) that are legally restricted to expenditures for specified purposes. These funds are received primarily from the Georgia Department of Education and from the Federal government to accomplish specific educational objectives. CAPITAL PROJECTS FUND - the fund used to account for financial resources to be used for the acquisition or construction of major capital facilities. DEBT SERVICE FUND - the fund used to account for the accumulation ofresources for, and the payment of, general long-term principal, interest and paying agent fees. ACCOUNT GROUP GENERAL LONG-TERM DEBT ACCOUNT GROUP - A financial reporting device used to account for general obligation debt outstanding and capital lease obligations. BASIS OF ACCOUNTING The accounting and financial reporting treatment applied to a fund is determined by its measurement focus. All governmental funds are accounted for using a current financial resources measurement focus. With this measurement focus, only current assets and current liabilities generally are included on the balance sheet. Operating statements ofthese funds present increases (i.e., revenues and other financing sources) and decreases (i.e., expenditures and other financing uses) in net current assets. Their reported fund balance is considered a measure of available spendable resources. Liabilities which are expected to be financed from available spendable resources are reported as liabilities in the governmental funds. Other liabilities, which are not expected to be financed from available spendable resources, are reported in the General Long-Term Debt Account Group. Governmental funds are accounted for using the modified accrual basis ofaccounting under which: Revenues are recognized when susceptible to accrual (i.e., when they become both measurable and available). "Measurable" means the amount of the transaction can be determined and "available" means collectible within the current period or soon enough thereafter to be used to pay liabilities of the current period. The School District considers receivables collected within sixty days after yearend to be available. Property taxes, sales taxes and interest are considered to be susceptible to accrual. Nonexchange transactions, in which the School District gives (or receives) value without directly receiving (or giving) equal value in exchange, include property taxes, local option sales taxes, intergovernmental grants and donations. Revenue for property taxes is recognized in the fiscal year for which the taxes are levied. Revenue from sales taxes is recognized in the fiscal year the resources are received or susceptible to accrual. Revenue from grants and donations is recognized in the fiscal year in which all eligibility requirements have been satisfied. - 8- BLECKLEY COUNTY BOARD OF EDUCATION EXHmrr "D" NOTES TO THE GENERAL-PURPOSE FINANCIAL STATEMENTS JUNE 30. 2002 . Note 1: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Expenditures are generally recognized when the related fund liability is incurred. A departure from the above definitions is the accounting treatment afforded the final two payments on General Fund teachers' and bus drivers' contracts, and the resources available from the Georgia Department of Education for the State's share of these contracts. During fiscal year 2002, a substantial number ofpersonnel ofthe School District were employed for a one hundred and ninety day period beginning in August 2001 and ending in early June 2002. Personnel contracts for this employment period specify that compensation be paid in twelve equal monthly payments beginning in September 2001 and ending in August 2002. State grants to fund the State's share of these contracts were disbursed from the Georgia Department of Education to the School District in the same twelve months. As of June 30, 2002, compensation under these employment contracts had been earned, but two of the twelve monthly payments, due for July and August 2002, had not been made. Payments for these two months were made and recorded as expenditures by the School District subsequent to June 30,2002. Also, the State's portion ofthe compensation paid in July and August 2002 was received and recorded as revenue in the fiscal year subsequent to June 30, 2002. Conversely, the similar expenditures and related revenues for contractual services completed prior to June 30, 2001, were recorded in the year ended June 30, 2002. Generally accepted accounting principles require that revenues be recorded when available and measurable and that expenditures be recorded when incurred, rather than when funds are received or disbursed. BUDGET The Bleckley County Board of Education's budget is a complete financial plan for the School District's fiscal year and is based upon estimates of expenditures together with probable funding sources. There is no statutory prohibition regarding overexpenditure ofthe budget at any level. The budget for all governmental funds is prepared by fund, function and object. The legal level of budget control was established by the Board at the aggregate level. The budget for governmental funds was prepared on a basis other than generally accepted accounting principles. The budget process begins when the School District's administration prepares a tentative budget for the Board's approval. After approval ofthis tentative budget by the Board, such budget is advertised at least once in a newspaper ofgeneral circulation in the locality. At the next regular meeting ofthe Board after advertisement, the Board receives comments on the tentative budget, makes revisions as necessary and adopts a final school budget. This final budget is then submitted, in accordance with provisions of the Quality Basic Education Act, OCGA Section 20-2-167(c), to the Georgia Department of Education. The Board may increase or decrease the budget at any time during the year. All unexpended budget authority lapses at fiscal year-end. -9- BLECKLEY COUNTY BOARD OF EDUCAnON EXHIBIT "D" NOTES TO THE GENERAL-PURPOSE FINANCIAL STATEMENTS JUNE 30, 2002 Note 1: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES CASH AND CASH EQUIVALENTS COMPOSITION OF DEPOSITS Cash and cash equivalents consist ofcash on hand, demand deposits and short-tenn investments with original maturities of three months or less from the date of acquisition in authorized financial institutions. Georgia Laws OCGA 45-8-14 authorize the School District to deposit its funds in one or more solvent banks or insured Federal savings and loan associations. INVESTMENTS COMPOSITION OF INVESTMENTS Investments made by the School District in nonparticipating interest-earning contracts (such as certificates ofdeposit) and repurchase agreements are reported at cost. Participating interest-earning contracts and money market investments with a maturity at purchase ofone year or less are reported at amortized cost. Both participating interest-earning contracts and money market investments with a maturity at purchase greater than one year are reported at fair value. The Official Code ofGeorgia Annotated Section 36-83-4 authorizes the School District to invest its funds and in selecting among options for investment or among institutional bids for deposits, the highest rate ofreturn shall be the objective, given equivalent conditions of safety and liquidity. Funds may be invested in the following: (1) Obligations issued by the State of Georgia or by other states, (2) Obligations issued by the United States government, (3) Obligations fully insured or guaranteed by the United States government or a United States government agency, (4) Obligations of any corporation of the United States government, (5) Prime banker's acceptances, (6) The Local Government Investment Pool administered by the State ofGeorgia, Office of Treasury and Fiscal Services, (7) Repurchase agreements, and (8) Obligations of other political subdivisions of the State of Georgia. RECEIVABLES Receivables consist of grant reimbursements due on Federal, State or other grants for expenditures made but not reimbursed and other receivables disclosed from infonnation available. Receivables - 10- BLECKLEY COUNTY BOARD OF EDUCATION EXHffiIT "D" NOTES TO THE GENERAL-PURPOSE FINANCIAL STATEMENTS JUNE 30. 2002 Note 1: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES are recorded when either the asset or revenue recognition criteria has been met. Receivables recorded on the general-purpose financial statements do not include any amounts which would necessitate the need for an allowance for uncollectible receivables. PROPERTY TAXES The Bleckley County Board of Commissioners fixed the property tax levy for the 2001 tax digest year (calendar year) on October 4,2001 (levy date). Taxes were due on December 20,2001 (lien date). Taxes collected within the current fiscal year or within 60 days after year-end on the 2001 tax digest are reported as revenue in fiscal year 2002. The Bleckley County Tax Commissioner bills and collects the property taxes for the School District, withholds 2.5% oftaxes collected as a fee for tax collection and remits the balance of taxes collected to the School District. Property tax revenues during the fiscal year ended June 30, 2002 for maintenance and operations amounted to $2,259,571.92. The tax millage rate levied for the 2001 tax year (calendar year) for the Bleckley County Board of Education was as follows (a mill equals $1 per thousand dollars of assessed value): School Operations 12...2..5. mills SALES TAXES Special Purpose Local Option Sales Tax revenue during the year amounted to $970,092.26 and is to be used for capital outlay for educational purposes or debt service. This sales tax was authorized by local referendum and the sales tax must be reauthorized at least every five years. INVENTORIES FOOD INVENTORIES Inventories of donated food commodities used in the preparation of meals are reported on the Combined Balance Sheet at their Federally assigned value. Purchased foods inventories are reported on the Combined Balance Sheet at cost (first-in, first-out). Donated food commodities are recorded as revenues and expenditures at the time commodity items are received. Purchased foods inventories are recorded as expenditures at the time ofpurchase. The inventories reported on the balance sheet for donated food commodities and for purchased foods are equally offset by reservations of fund balance which indicates that these amounts do not constitute "available spendable resources" even though they are a component of net current assets. - 11 - BLECKLEY COUNTY BOARD OF EDUCATION EXHffiIT "D" NOTES TO THE GENERAL-PURPOSE FINANCIAL STATEMENTS JUNE 30, 2002 Note 1: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES GENERAL OBLIGATION BONDS The School District issues general obligation bonds to provide funds for the acquisition and construction ofmajor capital facilities. Bond premiums and discounts, as well as issuance costs, are recognized in the financial statements during the year bonds are issued. General obligation bonds are direct obligations and pledge the full faith and credit ofthe government. The outstanding amount of these bonds is recorded in the General Long-Term Debt Account Group. INTERFUND TRANSACTIONS The School District has the following types of interfund transactions: Reimbursements of expenditures initially made from a fund that are properly applicable to another fund are recorded as expenditures in the reimbursing fund and as reductions of expenditures in the fund that is reimbursed. Operating transfers are recorded for all interfund transactions other than reimbursements. MEMORANDUM ONLY - TOTAL COLUMNS Total columns on the general-purpose financial statements are captioned "Memorandum Only" to indicate that they are presented only to facilitate financial analysis. Data in these columns do not present financial position or results ofoperations in conformity with generally accepted accounting principles. Neither are such data comparable to a consolidation. Interfund eliminations have not been made in the aggregation of this data. Note 2: DEPOSITS AND INVESTMENTS COLLATERALIZATION OF DEPOSITS . Official Code of Georgia Annotated (OCGA) Section 45-8-12 provides that there shall not be on deposit at any time in any depository for a time longer than ten days a sum ofmoney which has not been secured by surety bond, by guarantee ofinsurance, or by collateral. The aggregate ofthe face value of such surety bond and the market value of securities pledged shall be equal to not less than 110 percent ofthe public funds being secured after the deduction ofthe amount ofdeposit insurance. If a depository elects the pooled method (OCGA 45-8-13.1) the aggregate ofthe market value ofthe securities pledged to secure a pool ofpublic funds shall be not less than 110 percent ofthe daily pool balance. OCGA Section 45-8-11 (b) provides an officer holding public funds may, in his discretion, waive the requirement for security in the case ofoperating funds placed in demand deposit checking accounts. Acceptable security for deposits consists of anyone of or any combination of the following: - 12 - BLECKLEY COUNTY BOARD OF EDUCAnON EXHffiIT "D" NOTES TO TIlE GENERAL-PURPOSE FINANCIAL STATEMENTS JUNE 30. 2002 Note 2: DEPOSITS AND INVESTMENTS (1) Surety bond signed by a surety company duly qualified and authorized to transact business within the State of Georgia, (2) Insurance on accounts provided by the Federal Deposit Insurance Corporation, (3) Bonds, bills, notes, certificates of indebtedness or other direct obligations of the United States or of the State of Georgia, (4) Bonds, bills, notes, certificates of indebtedness or other obligations of the counties or municipalities of the State of Georgia, (5) Bonds of any public authority created by the laws of the State of Georgia, providing that the statute that created the authority authorized the use of the bonds for this purpose, (6) Industrial revenue bonds and bonds of development authorities created by the laws of the State of Georgia, and (7) Bonds, bills, notes, certificates of indebtedness, or other obligations of a subsidiary corporation of the United States government, which are fully guaranteed by the United States government both as to principal and interest or debt obligations issued by the Federal Land Bank, the Federal Home Loan Bank, the Federal Intermediate Credit Bank, the Central Bank for Cooperatives, the Farm Credit Banks, the Federal Home Loan Mortgage Association, and the Federal National Mortgage Association. CATEGORIZATION OF DEPOSITS At June 30, 2002, the bank balances were $6,074,545.73. The amounts ofthe total bank balances are classified into three categories of credit risk: Category 1 - Cash that is insured (e.g., Federal depository insurance) or collateralized with securities held by the School District or by the School District's agent in the School District's name. Category 2 - Cash collateralized with securities held by the pledging financial institution's trust department or agent in the School District's name. Category 3 - Uncollateralized deposits. (This includes any bank balance that is collateralized with securities held by the pledging financial institution, or by its trust department or agent but not in the School District's name.) The School District's deposits are classified by risk category at June 30, 2002, as follows: - 13- BLECKLEY COUNTY BOARD OF EDUCAnON EXHIDIT "D" NOTES TO THE GENERAL-PURPOSE FINANCIAL STATEMENTS JUNE 30. 2002 Note 2: DEPOSITS AND INVESTMENTS Risk Category Bank Balance 1 $ 458,671.94 2 5,615,873.79 3 0.00 Total $ 6,074.545.73 CATEGORIZATION OF INVESTMENTS At June 30, 2002, the carrying value of the School District's total investments was $3,947,376.78 which is materially the same as fair value. This investment consisted entirely of funds invested in the Georgia Extended Asset Pool administered by the State ofGeorgia, Office ofTreasury and Fiscal Services which are not required to be categorized since the School District did not own any specific identifiable securities in the pooL The investment policy ofthe State ofGeorgia, Office ofTreasury and Fiscal Services for the Georgia Extended Asset Pool does not provide for investment in derivatives or similar investments. The Extended Term Portfolios consist of Fund 3 "Georgia Extended Asset Pool", Fund 7, Fund 8 and Fund 9. The Georgia Extended Asset Pool is a variable net asset value investment pool which follows Standard and Poor's criteria for AAAfrated funds. The pool is not registered with the SEC as an investment company. The pool's primary objective is the prudent management ofpublic funds on behalfofthe State of Georgia and local governments seeking income higher than money market rates. Net Asset Value (NAV) is calculated daily to determine current share price. NAV is calculated by taking the closing fair value of securities owned plus other assets and subtracting liabilities, The remainder is then divided by the total number ofshares outstanding to compute NAV per share (current share price). The pool distributes earnings (net ofmanagement fees) on a monthly basis and determines participant's shares sold and redeemed based on the current share price, which at June 30, 2002, was at $2.02 per share. The Office of Treasury and Fiscal Services has hired a third party bank, Investors Bank and Trust, to perform custody and valuation services to include calculation ofthe NAV. Pooled cash and cash equivalents and investments are reported at fair value. The pool does not issue any legally binding guarantees to support the value of the shares. Participation in the pool is voluntary and deposits consist offunds from local governments, operating and trust funds of State agencies, and current operating funds of the State's General Fund. Investments in the Georgia Extended Asset Pool consist generally ofsecurities issued or guaranteed as to principal and interest by the U. S. Government or any of its agencies or instrumentalities, bankers' acceptances and repU!chase agreements. The weighted average maturity at June 30, 2002 was 1.31 years. Investments in Fund 7 consist generally of repurchase agreements and certain U. S. Government Securities. The average investment duration for Fund 7 on June 30, 2002 was 1.39 years. - 14- BLECKLEY COUNTY BOARD OF EDUCATION EXHffiIT "D" NOTES TO THE GENERAL-PURPOSE FINANCIAL STATEMENTS JUNE 30, 2002 Note 2: DEPOSITS AND INVESTMENTS Investments in Fund 8 consist generally of repurchase agreements and certain U. S. Government Securities, which include mortgage-backed securities such as collateralized mortgage obligations and adjustable rate mortgages. Investments in Fund 8 are transacted by an external investment management finn under direction ofinvestment advisory agreements executed between the Office and the investment management finn. The agreement directs the investment finn to utilize the Merrill Lynch 1-3 year Treasury Index in managing the average duration of the overall portfolio, excluding cash, to within plus or minus 6 months of the duration ofthe Index. The average investment duration for Fund 8 on June 30, 2002 was 1.59 years. In addition, the investment advisory agreements place limitations on individual security purchases and holdings as follows: 1) Limits the duration of any security at the time ofpurchase to a maximum of five (5) years. 2) Requires any mortgage-backed security, at the time of purchase and periodically, thereafter, to pass a "stress test" which provides for a duration profile not to exceed 7 years given an instantaneous and pennanent interest yield increase of 300 basis points. 3) With the exception ofU. S. Treasury securities, limits individual security investments to no more than the greater of$5 million or 10% ofthe separate portfolio's total investments. 4) Prohibits investments in interest only strips, principal only strips, inverse floaters, and Z tranche securities. Investments in Fund 9 consist of repurchase agreements and certain U. S. Government securities with an average investment duration of 1.69 years at June 30, 2002. Note 3: NON-MONETARY TRANSACTIONS The School District receives food commodities from the United States Department of Agriculture (USDA) for school breakfast and lunch programs. These commodities are recorded at their Federally assigned value. See Note 1 - Inventories Note 4: RISK MANAGEMENT The School District is exposed to various risks of loss related to torts; theft of, damage to, and destruction of assets; errors or omissions; job related illness or injuries to employees; acts of God and unemployment compensation, The School District has obtained commercial insurance for risk ofloss associated with torts, assets, and errors or omissions. The School District has neither significantly reduced coverage for these risks nor incurred losses (settlements) which exceeded the School District's insurance coverage in any of the past three years. - 15 - BLECKLEY COUNTY BOARD OF EDUCAnON EXHmIT "D" NOTES TO THE GENERAL-PURPOSE FINANCIAL STATEMENTS JUNE 30. 2002 Note 4: RISK MANAGEMENT The School District has elected to self-insure for all losses related to acts of God. The School District has not experienced any losses related to this risk in the past three years. The School District is self-insured with regard to unemployment compensation claims. The School District accounts for claims within the General Fund with expenditure and liability being reported when it is probable that a loss has occurred, and the amount ofthat loss can be reasonably estimated. Changes in the unemployment compensation claims liability during the last two fiscal years are as follows: 2001 2002 Beginnmg of Year Liability Claims and Changes in Estimates Claims Paid End ofYear LiabilIty $ 0.00 $ 0.00 $ 0.00 $ 0.00 $ 0.00 $ 534.00 $ 534.00 $ 0.00 The School District participates in the Georgia Education Workers' Compensation Trust, a public entity risk pool organized on December I, 1991, to develop, implement and administer a program of workers' compensation self-insurance for its member organizations. The School District pays an annual premium to the Trust for its general insurance coverage. Additional insurance coverage is provided through an agreement by the Trust with the United States Fidelity and Guaranty Company to provide coverage for potential losses sustained by the Trust in excess of $350,000.00 loss per occurrence, up to $2,000,000.00. The School District has purchased surety bonds to provide additional insurance coverage as follows: Position Covered Amount Superintendent All Employees $ 50,000.00 $ 100,000.00 Note 5: GENERAL LONG-TERM DEBT CAPITAL LEASES The Bleckley County Board of Education has entered into various lease agreements as lessee for energy and lighting retrofit programs, school buses, and school electrical equipment. These lease agreements qualify as capital leases for accounting purposes and, therefore, have been recorded at the present value of the future minimum lease payments as of the date of their inception. - 16- BLECKLEY COUNTY BOARD OF EDUCAnON EXHffiIT "0" NOTES TO TIlE GENERAL-PURPOSE FINANCIAL STATEMENTS JUNE 30, 2002 Note 5: GENERAL LONG-TERM DEBT GENERAL OBLIGAnON DEBT OUTSTANDING General Obligation Bonds currently outstanding are as follows: Purpose Interest Rates Amount General Government - Series 1995 General Government - Series 2002 4.00% - 5.75% 3.50% $ 1,195,000.00 4,200,000.00 $ 5395.000.00 The changes in General Long-Tenn Debt during the fiscal year ended June 30, 2002, were as follows: Capital Leases General Obligation Bonds Total Balance July 1, 2001 $ 327,206.92 $ 1,240,000.00 $ 1,567,206.92 Retroactive Restatement of Prior Year Balances 658.47 658.47 Balance July 1,2001 Restated $ 327,865.39 $ 1,240,000.00 $ 1,567,865.39 Additions Capital Leases G.O. Bonds 144,934.59 144,934.59 4,200,000.00 4,200,000.00 Deductions Debt Retired 158,522.91 45,000.00 203,522.91 Balance June 30, 2002 $ 314.277.07 $ 5.395,000.00 $ 5.709.277.07 At June 30, 2002, payments due by fiscal year which includes principal and interest for these items are as follows: - 17 - BLECKLEY COUNTY BOARD OF EDUCAnON EXHffiIT liD" NOTES TO THE GENERAL-PURPOSE FINANCIAL STATEMENTS JUNE 30, 2002 Note 5: GENERAL LONG-TERM DEBT Fiscal Year Ended June 30 Capital Leases General Obligation Bonds Total Debt 2003 2004 2005 2006 2007 2008 - 2012 2013 - 2016 $ 194,326.54 $ 246,802.50 $ 441,129.04 87,501.22 1,030,577,50 1,118,078.72 50,537.28 1,040,195.00 1,090,732.28 1,033,287.50 1,033,287.50 1,040,265.00 1,040,265.00 1,558,197.50 1,558,197.50 528,137.50 528,137.50 Total Principal and Interest $ 332,365.04 $ 6,477,462.50 $ 6.809.827.54 Deduct: Imputed Interest 18.087.97 Net Present Value of Future Minimum Lease Payments $ 314.277.07 Note 6: ON-BEHALF PAYMENTS The School District has recognized revenues and expenditures in the amount of $178,229.21 for health insurance and retirement contributions paid on the School District's behalfby the following State Agencies. Georgia Department of Education Paid to the Georgia Department of Community Health For Health Insurance of Non-Certified Personnel In the amount of$151,543.21 Office of Treasury and Fiscal Services Paid to the Public School Employees Retirement System For Public School Employees Retirement (PSERS) Employer's Cost In the amount of $26,686.00 Note 7: CONTINGENT LIABILITIES The School District is a defendant in various legal proceedings pertaining to matters incidental to the performance ofroutine School District operations. The ultimate disposition ofthese proceedings is not presently determinable, but is not believed to be material to the general-purpose financial statements. - 18 - BLECKLEY COUNTY BOARD OF EOUCAnON EXHIDIT "0" NOTES TO THE GENERAL-PURPOSE FINANCIAL STATEMENTS JUNE 30, 2002 Note 8: SUBSEQUENT EVENTS In the subsequent fiscal year, the School District approved a Resolution of Bond Defeasance for its 1995 Series Bonds. Note 9: RETIREMENT PLANS TEACHERS RETIREMENT SYSTEM OF GEORGIA (TRS) TRS PLAN DESCRIPTION Substantially all teachers, administrative and clerical personnel employed by local school districts are covered by the Teachers Retirement System ofGeorgia (TRS), which is a cost-sharing multiple employer defined benefit pension plan. TRS provides service retirement, disability retirement and survivors benefits for its members in accordance with State statute. The Teachers Retirement System of Georgia issues a separate stand alone financial audit report and a copy can be obtained from the Georgia Department of Audits and Accounts. TRS CONTRIBUTIONS REQUIRED AND MADE Employees ofthe School District who are covered by TRS are required by State statute to contribute 5% of their gross earnings to TRS. The School District makes monthly employer contributions to TRS at rates adopted by the TRS Board ofTrustees in accordance with State statute and as advised by their independent actuary. The required employer contribution rate is 9.24% and employer contributions for the current fiscal year and the preceding two fiscal years are as follows: Fiscal Year Percentage Contributed Required Contribution 2002 2001 2000 100% 100% 100% $ 864,230.18 $ 1,015,509.35 $ 980,380.17 - 19- BLECKLEY COUNTY BOARD OF EDUCATION COMBINING BALANCE SHEET SPECIAL REVENUE FUND JUNE 30, 2002 ASSETS Cash and Cash Equivalents Accounts Receivable Inventories Food Donated Commodities Purchased Food SCHOOL FOOD SERVICES FUND LOTTERY PROGRAMS $ 71,840.24 $ 124,27544 3,211.08 6,996,00 35,768.85 15,489,69 Total Assets $ 126,309.86 $ ==-===-=1..3.==:1.,2.:=.7.:.;1..4...4= LIABILITIES AND FUND EQUITY L1ABltlTIES Cash Overdraft Accounts Payable Salaries Payable Deferred Revenue Total Liabilities FUND EQUITY Fund Balances Reserved For Continuation of Federal Programs For Inventories Food Donated Commodities Purchased Food Unreserved Undesignated Total Fund Equity Total Liabilities and Fund Equity $ 2,628.78 $ 46.950.02 49,719.54 84,321.42 $ 52,348.32 $ 131 ,271.44 $ 35,768.85 15,489.69 22,703.00 $ $ 73.961.54 $ 0.00 0.00 $ 126,309.86 $ =:::::=-::1..3.:.;,1&;,2=7=1.4...4= See notes to the general-purpose financial statements. - 20- EXHIBIT"E" FEDERAL PROGRAMS TOTALS JUNE 30, 2002 JUNE 30, 2001 $ 196,115.68 $ 156,300.15 $ 159,848.15 170,055.23 132,476.67 35,768.85 15,489.69 31,222.87 15,525.64 $ 159,848.15 $ 417,429.45 $ =......:3=35iO!:,5;,;;2:;,;5.=:33= $ 17,289.44 $ 17,289.44 $ 13,442.81 62,601.92 112,180.72 57,233.32 74,246.40 208,287.36 183,073.78 5,710.39 5,710.39 $ 159,848.15 $ 343,467.91 $ 253,749.91 $ 73.82 $ 35,768.85 15,489.69 31,222.87 15,525.64 $ 0.00 22,703.00 34,953.09 $ 0.00 $ 73,961.54 $ 81,775.42 $ 159,848.15 $ 417 ,429.45 $ -==-"""",,3::;;3iC5=,5=25=.3=3~ 21 - --------- -- - --- - ---- - -- - - - - - BLECKLEY COUNTY BOARD OF EDUCATION COMBINING STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES SPECIAL REVENUE FUND YEAR ENDED JUNE 30, 2002 REVENUES State Funds Federal Funds Other Funds Total Revenues EXPENDITURES Current Instruction Support Services Pupil Services Improvement of Instructional Services General Administration Maintenance and Operation of Plant Student Transportation Services Other Support Services Food Services Operation Debt Service Principal Interest Total Expenditures Excess of Revenues over (under) Expenditures FUND BALANCE JULY 1 Food Inventory - Net Change in Period Donated Commodities Purchased Food FUNp BALANCE JUNE 30 SCHOOL FOOD SERVICES FUND LOTTERY PROGRAMS $ 76,174.00 $ 622,936,59 3n,322.23 $ 1,076,432.82 $ 727,300.60 727,300.60 $ $ 1.075,550.17 541,946,52 135,632.84 4,295.14 29,976.60 4,830.56 735.09 900,59 8,983.26 $ 1,075,550.17 $ $ 882,65 $ 68,568,86 727,300.60 0.00 0.00 4,545.98 -35.95 $ 73,961.54 $==-==--===0'=00= See notes to the general-purpose financial statements. - 22- EXHIBIT "F" FEDERAL PROGRAMS TOTALS YEAR ENDED JUNE 30, 2002 JUNE 3D, 2001 $ 49,093.26 $ 852,567.86 $ 786,852.32 1,016,382.95 1,639,319.54 1,526,729.02 6,685.06 384,007.29 391,605.62 $ 1,072,161.27 $ 2,875,894.69 $ 2,705,186.96 $ 659,691.06 $ 1,201,637.58 $ 1,138,527.20 145,991.36 113,468.43 90,182.00 46,196.03 29,838.95 281,624.20 117,763.57 120,158.60 4,830.56 46,931.12 30,739.54 1,084,533.43 225,571.22 124,575.97 116,707.90 9,522.68 26,541.37 23,418.08 1,065,598.12 20,139.28 1,163.72 $ 1,085,367.83 $ 2,888,218.60 $ 2,751,765.54 $ -13,206.56 $ -12,323.91 $ -46,578.58 13,206.56 81,775.42 128,755.00 4,545.98 -35.95 -5,584.88 5,183.88 $ 0.00 $ 73,961.54 $ -===-==8..1..:l:::::,7=75z.4:::i2= - 23- BLECKLEY COUNTY BOARD OF EDUCATION COMBINING BALANCE SHEET CAPITAL PROJECTS FUND JUNE 30, 2002 ASSETS Cash and Cash Equivalents Investments Accounts Receivable BOND PROCEEDS GEORGIA STATE FINANCING AND INVESTMENT COMMISSION $ 803,132.05 $ 3,947,376.78 Total Assets $ 3,947,376.78 $ =-==8:=0=3=1,=3;:;2.==05== LIABILITIES AND FUND EQUITY LIABILITIES Cash Overdraft Accounts Payable Total liabilities FUND EQUITY Fund Balances Reserved For Purposes of Bond Issue For State Capital Outlay Projects For SPLOST Projects Total Fund Equrty Total liabilities and Fund Equity $ 585,676.62 $ 585,676.62 $ 3,361,700.16 $ 803,132.05 $ 3,361,700.16 $ 803,132.05 $ 3,947,376.78 $ =-==-==i8iiCO:;;3i!:::,1.3.=2.=05:=.. See notes to the general-purpose financial statements. - 24- EXHIBIT"G" SPECIAL PURPOSE LOCAL OPTION SALES TAX TOTALS JUNE 30, 2002 JUNE 30. 2001 $ 2,067,193.36 $ 2,870,325.41 $ 1,192,758.52 3,947,376.78 154,280.41 154,280.41 156,268.73 $ 2,221,473.77 $ 6,971,982.60 $ 1,349,027.25 $ $ _ _---=6.o.:,1..::,53;:;..:..:;00=__ $ 6,153.00 $ 585,676.62 6,153.00 $ _ _-=2:.::.0I.:,84..:.;9::.:..1.:.:8~ 591,829.62 $ _ _-=2:.=0J.::,84;..;.9;:;..:..:.:18:;... $ 3,361,700.16 803,132.05 $ 2,215,320.77 2,215,320.77 $ 1,328,178.07 $ 2,215,320.77 $ 6,380,152.98 $ 1,328,178.07 $ 6,971,982.60 $ 1,349,027.25 - 25- BLECKLEY COUNTY BOARD OF EDUCATION COMBINING STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES CAPITAL PROJECTS FUND YEAR ENDED JUNE 30, 2002 REVENUES Taxes Other Funds Total Revenues EXPENDITURES Current Support Services Business Administration Capital Outlay Building and Building Improvements Total Expenditures Excess of Revenues over (under) Expenditures OTHER FINANCING SOURCES (USES) Proceeds from General Obligation Bonds Par Value Operating Transfers In Operating Transfers Out Total Other Financing Sources (Uses) Excess of Revenues and Other Financing Sources over (under) Expenditures and Other Financing Uses FUND BALANCE JULY 1 FUND BALANCE JUNE 30 BOND PROCEEDS GEORGIA STATE FINANCING AND INVESTMENT COMMISSION $ 0.00 $ 89.48604 $ 89.486,04 $ 0.00 $ 39,710.32 $ $ 39,710.32 $ $ 49,775.72 $ 26.493.95 26,493.95 -26.493.95 $ 4,200,000.00 $ -888,07556 $ 3,311,92444 $ $ 3,361,700.16 $ 0,00 829,626.00 829,626.00 803,132.05 0.00 $ 3,361,700.16 $ =======80;;,;;3~,1=3=2.0..5=- See notes to the general-purpose financial statements. - 26- EXHIBIT"H" SPECIAL PURPOSE LOCAL OPTION SALES TAX TOTALS YEAR ENDED JUNE 30, 2002 JUNE 30, 2001 $ 858,587.26 $ 858,587.26 $ 872,384.53 84,648.63 174,134.67 41,365.20 $ 943,23589 $ 1,032,721.93 $ _---'9::...1...;;;;.3'"'7-.,.;..49;;.;..7.;..;30- $ $ _ _-=5;.=.6z.:;,0.:.,:93;:...1.:..:9:... $ 56,093.19 $ $ 887,142.70 $ 39,710.32 82,587.14 $ _ _1=.:::8;.=.51::,2=.;58::.:..4.;..1:... 122,297.46 $ _ _1=.:::8;.=.51::,2:::.;58;;.;..4.;..10910.424.47 $ _---'7;.,;;;2;.;;.8'-'.4..;;;.91.;.,;..3=2::... $ 4,200,000.00 $ 0.00 829,626.00 -888,075.56 $ 4,141 ,550.44 $ 0.00 $ 887,142.70 $ 5,051,974.91 $ 1,328,178.07 1,328,178.07 728,491.32 599,686.75 $ 2,215,320.77 $ 6,380,152.98 $ 1,328,178.07 - 27- BLECKLEY COUNTY BOARD OF EDUCATION SCHEDULE OF EXPENDITURES OF FEDERAL AWARDS YEAR ENDED JUNE 30, 2002 SCHEDULE "1" FUNDING AGENCY PROGRAM/GRANT Agnculture, U S Department of Child Nutntlon Cluster Pass-Through From Georgia Department of EducalJon Food and NutrllJon Program Food SelVlceS School Breakfast Program National School Lunch Program Total Child Nutrition Cluster Other Programs Pass-Through From Georgia Department of EducalJon Food and NutnlJon Program Food DlstnbuIJon Program (1) Total U, S, Department of Agriculture Education, U S. Department of SpeCial Education Cluster Pass-Through From Georgia Department of Education Individuals wrth Disablllbes Education Act Part B Spadal Educabon Flow Through Preschool Capacity Building Improvement Total Spadal Education Cluster Other Programs Pass-Through From Georgia Department of Education Bementary and Secondary Education Act Tille I Grants to Local Educational Agendes Title II Eisenhower ProfeSSional Development Title III Technology Uteracy Challenge Fund Grants Title VI Innovabve EducalJon Program Strategies Class SIze Reduction Goals 2000 State and Local Educabon Systemic Improvement Grants VocalJonal Education - Basic Grants to States High School Program Basic Grant Total U S. Department of Education TransportalJon, U. S. Department of Pass-Through From Georgia Department of PubliC Safety State and Community Highway Safety CFDA NUMBER PASSTHROUGH ENTITY ID NUMBER FEDERAL REVENUE IN PERIOD EXPENDITURES IN PERIOD 10553 10555 NlA $ 147,705,68 (2) NlA 404,75642 $ 1,005,07568 (3) $ 552,462.10 $ 1,005,075,68 10,550 NlA 70,47449 70,47449 $ 622,936 59 $ 1,075,550 17 84027 84,173 84,173 NlA $ 264,19812 $ NlA 25,016,00 NlA 5,21500 $ 294,42912 $ 264,198 12 25,016,00 5,215.00 294,429,12 84.010 84.281 84,318 84,298 84,340 84.276 84.048 NlA 412,241.36 NlA 18,23858 NlA 126,206,53 NlA 19,157.00 NlA 67,826.55 412,241.36 18,310 58 (3) 126,206.54 19,157.00 67,826,88 NlA 43,594,84 43,594.84 NlA 34,68897 34,690 45 (3) $ 1,016,382 95 $ 1,016,456.77 20.600 NlA $ 2,754,72 $ 2,754,72 Total Federal Flnanaal Assistance N/A = Not Available 28 $ 11642,074.26 $ 2,O94?6166 BLECKLEY COUNTY BOARD OF EDUCATION SCHEDULE OF EXPENDITURES OF FEDERAL AWARDS YEAR ENDED JUNE 3D. 2002 SCHEDULE "1" Notes to the Schedule of Expenditures of Federal Awards (1) The amounts shown for the Food Dlstrlbubon Program represents the Federally assigned value of nonmonetary assistance for donated commodities receive