GA ASoo ,RI 
E.?.b 
M5 
/994-95 
STATE OF GEORGIA DEPARTMENT OF AUDITS 
254 WASHINGTON STREET ATLANTA. GEORGIA 30334 
 
 AUDIT REPORT MERIWETHER COUNTY BOARD OF EDUCATION 
GREENVILLE, GEORGIA YEAR ENDED JUNE 30, 1995 
 
 MERIWETHER COUNTY BOARD OF EDUCATION - TABLE OF CONTENTS - 
 
SECTION I 
 
FINANCIAL 
 
INDEPENDENT AUDITOR'S COMBINED REPORT ON GENERAL PURPOSE FINANCIAL STATEMENTS AND SUPPLEMENTARY INFORMATION SCHEDULE OF FEDERAL FINANCIAL ASSISTANCE 
 
EXHIBITS 
 
GENERAL PURPOSE FINANCIAL STATEMENTS 
 
COMBINED STATEMENTS - OVERVIEW 
 
A 
 
COMBINED BALANCE SHEET 
 
ALLFUNDTYPESANDACCOUNTGROUP 
 
2 
 
B 
 
COMBINED STATEMENT OF REVENUES, EXPENDITURES AND 
 
CHANGES IN FUND BALANCES 
 
ALL GOVERNMENTAL FUND TYPES 
 
AND EXPENDABLE TRUST FUNDS 
 
4 
 
C 
 
STATEMENT OF REVENUES, EXPENDITURES AND 
 
CHANGES IN FUND BALANCES - BUDGET AND ACTUAL 
 
(NON-GAAP BASIS) 
 
GENERAL AND SPECIAL REVENUE FUNDS 
 
7 
 
D NOTES TO THE GENERAL PURPOSE FINANCIAL STATEMENTS 
 
8 
 
ADDITIONAL FINANCIAL INFORMATION 
 
COMBINING STATEMENTS 
 
SPECIAL REVENUE FUND 
 
E 
 
COMBINING BALANCE SHEET 
 
22 
 
F 
 
COMBINING STATEMENT OF REVENUES, EXPENDITURES 
 
AND CHANGES IN FUND BALANCES 
 
24 
 
FIDUCIARY FUND TYPES 
 
G 
 
COMBINING BALANCE SHEET 
 
26 
 
H 
 
COMBINING STATEMENT OF REVENUES, EXPENDITURES AND 
 
CHANGES IN FUND BALANCES 
 
EXPENDABLE TRUST FUNDS 
 
27 
 
SCHEDULES 
 
1 SCHEDULE OF FEDERAL FINANCIAL ASSISTANCE 
 
28 
 
2 CASH AND CASH EQUNALENTS 
 
30 
 
3 INVESTMENTS 
 
31 
 
4 ACCOUNTS RECEIVABLE 
 
33 
 
 MERIWETHER COUNTY BOARD OF EDUCATION - TABLE OF CONTENTS - 
 
SECTION I 
 
FINANCIAL 
 
ADDITIONAL FINANCIAL INFORMATION 
 
SCHEDULES 
 
SCHEDULE OF REVENUE 
 
5 
 
STATE 
 
34 
 
6 
 
LOCAL AND OTHER 
 
35 
 
SCHEDULE OF EXPENDITURES BY OBJECT 
 
7 
 
GENERAL AND SPECIAL REVENUE FUNDS 
 
37 
 
8 
 
LOTTERY PROGRAMS 
 
38 
 
9 
 
FIDUCIARY FUND TYPE 
 
EXPENDABLE TRUST FUNDS 
 
40 
 
ANALYSIS OF MINIMUM EXPENDITURE REQUIREMENTS 
 
GENERAL FUND - QUALITY BASIC EDUCATION PROGRAMS 
 
IO 
 
OVERALL 
 
41 
 
11 
 
BY PROGRAM 
 
42 
 
12 SCHEDULE OF COMPENSATION AND TRAVEL OF BOARD MEMBERS 
 
44 
 
SECTION II 
COMPLIANCE 
COMPLIANCE REPORT BASED ON AN AUDIT OF THE FINANCIAL STATEMENTS PERFORMED IN ACCORDANCE WITH GOVERNMENT AUDITING STANDARDS 
SINGLE AUDIT REPORT ON COMPLIANCE WITH THE GENERAL REQUIREMENTS APPLICABLE TO FEDERAL FINANCIAL ASSISTANCE PROGRAMS 
SINGLE AUDIT OPINION ON COMPLIANCE WITH SPECIFIC REQUIREMENTS APPLICABLE TO MAJOR FEDERAL FINANCIAL ASSISTANCE PROGRAMS 
SINGLE AUDIT REPORT ON COMPLIANCE WITH SPECIFIC REQUIREMENTS APPLICABLE TO NONMAJOR FEDERAL FINANCIAL ASSISTANCE PROGRAM TRANSACTIONS 
 
 MERIWETHER COUNTY BOARD OF EDUCATION - TABLE OF CONTENTS - 
SECTION III INTERNAL CONTROL REPORT ON INTERNAL CONTROL STRUCTURE IN ACCORDANCE WITH GOVERNMENT AUDITING STANDARDS SINGLE AUDIT REPORT ON THE INTERNAL CONTROL STRUCTURE USED IN ADMINISTERING FEDERAL FINANCIAL ASSISTANCE PROGRAMS 
SECTION IV FINDINGS AND IMPROPER OR QUESTIONED COSTS SCHEDULE OF FINDINGS AND IMPROPER OR QUESTIONED COSTS 
 
 SECTION I FINANCIAL 
 
 CLAUDE L. VICKERS 
STATE AUDITOR 
(404) 656-2174 
 
DEPARTMENT OF AUDITS AND ACCOUNTS 
254 Washington Street, S.W., Suite 214 Atlanta, Georgia 30334-8400 
July 23, 1996 
 
Honorable Zell Miller, Governor Members ofthe General Assembly Members of the State Board ofEducation 
and Superintendent and Members of the Meriwether County Board ofEducation 
INDEPENDENT AUDITOR'S COMBINED REPORT ON GENERAL PURPOSE FINANCIAL STATEMENTS AND SUPPLEMENTARY INFORMATION SCHEDULE OF FEDERAL FINANCIAL ASSISTANCE 
Ladies and Gentlemen: 
We have audited the general purpose financial statements (Exhibits A through D) ofthe Meriwether County Board of Education, as of and for the year ended June 30, 1995, as listed in the table of contents. These financial statements are the responsibility of the Board's management. Our responsibility is to express an opinion on these financial statements based on our audit. 
We conducted our audit in accordance with generally accepted auditing standards, Government Auditing Standards, issued by the Comptroller General of the United States, and the provisions of the Office of Management and Budget Circular A-128, "Audits of State and Local Governments". Those standards and 0MB Circular A-128 require that we plan and perform the audit to obtain reasonable assurance about whether the general purpose financial statements are free of material 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'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: 
* The general purpose financial statements of the Board did not contain a General Fixed Assets Account Group to account for property and equipment owned by the Board which should be included to conform to generally accepted accounting principles. 
95ARL-13* 
 
 * School activity accounts maintained at the individual schools are not included in the general purpose financial statements. To confonn to generally accepted accounting principles, these accounts should be included in the general purpose financial statements. 
* The Board did not recognize as expenditures, in the year ended June 30, 1995, a portion of salaries and the corresponding employer's cost of related benefits earned for contractual services completed prior to June 30, 1995. Also funds received, subsequent to June 30, 1995, from the Georgia Department ofEducation for the State's share ofthese 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, 1994, were improperly recorded in the year ended June 30, 1995. To confonn 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. 
In 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 present fairly, in all material respects, the financial position of the Meriwether County Board ofEducation as ofJune 30, 1995, and the results of its operations for the year then ended, in confonnity with generally accepted accounting principles. In accordance with Government Auditing Standards, we have also issued a report dated July 23, 1996, on our consideration of the Board's internal control structure and a report dated July 23, 1996, on its compliance with laws and regulations. 
Our audit was conducted for the purpose offonning an opinion on the general purpose financial statements of the Meriwether County Board of Education taken as a whole. The combining statements (Exhibits E through H) and the financial schedules (Schedules 1 through 12 which includes the Schedule of Federal Financial Assistance) are presented for purposes of additional analysis and are not a required part of the general purpose financial statements ofthe Meriwether County Board ofEducation. Such infonnation has been subjected to the auditing procedures applied in the audit of the general purpose financial statements and, in our opinion, except for the effects ofthe matters referred to in the third paragraph, such information is fairly presented 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 pennanent record in the office of the State Auditor and made available to the press ofthe State, as provided for by Official Code of Georgia Annotated Section 50-6-24. 
 
CLV:dt 95ARL-13* 
 
Claude L. Vickers State Auditor 
 
 MERIWETHER COUNTY BOARD OF EDUCATION - 1- 
 
 MERIWETHER COUNTY BOARD OF EDUCATION COMBINED BALANCE SHEET 
ALL FUND TYPES AND ACCOUNT GROUP JUNE 30, 1995 
 
ASSETS 
Cash and Cash Equivalents 
lnvestn l8rlts ~ Receivable lnventDries 
Food Donated Commodities Purchased Food 
Amount to be Provided in Future Years For Payment of Capital Lease Agreements 
Total Assets 
 
GOVERNMENTAL FUND TYPES 
 
SPECIAL 
 
CAPITAL 
 
GENERAL 
 
REVENUE 
 
PROJECTS 
 
FUND 
 
FUND 
 
FUND 
 
$ 449,371.07 $ 
 
58,957.02 
 
$ 
 
737,596.83 
 
201,857.18 
 
m,210.11 
 
21,012.57 15,258.93 
 
$ 
 
939,454.01 $ 762,913.28 s _ _ss_.,.9..5..7..._02_ 
 
LIABILITIES AND FUND EQUITY 
LIABILITIES 
Cash Overdraft Accounts Payable Salaries Payable Expired Grant Balances Payable Deferred Revenue Capital Lease Agreements 
Total LiabiUties 
FUND EQUITY 
Fund Balances Reserved For Expired Grant Balances/Questioned Costs For Inventories Food Donated Commodities Purchased Food For State Capital Outlay Projects 
Unreserved Undesignated 
Total Fund Equity 
Total Liabilities and Fund Equity 
 
$ 
 
359,Bn.83 
 
730.89 $ 134,372.84 
 
5,721.48 
 
162,Bn.59 
 
12,282.60 
 
47,584.01 
 
$ 
 
3661330.20 $ 3571117.04 
 
$ 
 
92,176.66 $ 
 
741.17 
 
21,012.57 15,258.93 
$ 
 
$ 
 
92,176.66 $ 
 
37,012.67 $ 
 
4801947.15 
 
3681783.57 
 
$ 
 
5731123.81 $ 405?96.24 $ 
 
58,957.02 58,957.02 
0.00 581957.02 
 
$ 
 
939,454.01 $ 762,913.28 $ 
 
58,957.02 
 
The notes to the general purpose financial statements are an integral part of this statement. 
-2- 
 
 FIDUCIARY FUND TYPE EXPENDABLE TRUST FUNDS 
 
$ 
 
2,060.52 
 
ACCOUNT GROUP GENERAL 
LONG-TERM DEBT 
 
TOTALS {Memorandum On!l} JUNE 3011995 JUNE 3011994 
 
$ 
 
510,388.61 $ 
 
499,218.83 
 
737,596.83 
 
370,028.46 
 
479,127.89 
 
287,023.67 
 
21,012.57 15,258.93 
 
17,888.92 14,284.n 
 
$ 
 
458?56.68 
 
458?56.68 
 
4181847.76 
 
$ 
 
2,060.52 $ 
 
458?56.68 $ 2,222,141.51 $ 1,607,292.41 
 
$ 
 
359,8n.83 $ 
 
150,023.33 
 
135,103.73 
 
58,056.10 
 
168,599.07 
 
166,568.14 
 
12,282.60 
 
12,065.66 
 
47,584.01 
 
19,540.26 
 
$ 
 
458?56.68 
 
458?56.68 
 
4181847.76 
 
$ 
 
458?56.68 $ 111821203.92 $ 
 
8251101.25 
 
$ 
 
21060.52 
 
$ 
 
21060.52 
 
$ 
 
92,917.83 $ 
 
21,012.57 15,258.93 581957.02 
 
$ 
 
188,146.35 $ 
 
851?91.24 
 
$ 110391937.59 $ 
 
92,864.65 
17,888.92 14,284.n 581957.02 183,995.36 
5981195.80 7821191.16 
 
$ 
 
2,060.52 $ 
 
458?56.68 $ 2,222,141.51 $ 1,607,292.41 
 
-3- 
 
 MERIWETHER COUNTY BOARD Of EDUCATION CQMBfNEQ STATEMENT Of REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES 
ALL GOVERNMENTAL FUND TYPES AND EXPENDABLE TRUST FUNDS YEAR ENQED JUNE 30, 1995 
 
REVENUES 
Slatil Funds Federal Funds Local and Other Funds 
Tolal R8Yenues 
EXPENDITURES 
Currant Instruction 
Support Services Pupil Services Improvement tA Instructional Services Educational Media Services General Administration School Administration Busi,-s Administration Maintenance and Operation tA Plant Student Transportation Services Central Support Services Other Support Services 
Food Services Operation Other Operations tA Non-Instructional Services Capital Outlay Debt Service Principal Interest 
Tolal Expenditures 
Excess tA Revenues - (under) Expenditures 
OTHER ANANCING SOURCES /USES} 
Capital Leases Operating Transfers In Operating Transfers Out 
Tolal Other Financing Sources (Uses) 
Excess tA Revenues and Other Financing Sources over (under) Expenditures and Other Financing Uses 
FUND BALANCE JULY l 
Food Inventory- Net Change in Period Donated Commodities Purchased Food 
 
GENERAL FUND 
 
GOVERNMENTAL FUND TYPES 
 
SPECIAL 
 
CAPITAL 
 
REVENUE 
 
PROJECTS 
 
FUND 
 
FUND 
 
$ 13,063,950.17 $ 1,149,733.99 $ 
 
0.00 
 
119,885.53 2,634,TT5.45 
 
4,125,527.19 
 
116,337.TT 
 
s 17,309,362.89 s 3,900,84721 s _ _ _ _o_.oo_ 
 
$ 10,564,432.42 $ 1,671,06723 $ 
 
351,276.66 250,744.04 417,518.60 338,332.13 1,431,287.99 122,683.39 1,370,696.60 1,523,021.87 220,718.99 
33,294.66 
166,902.65 307,246.94 
 
302,740.09 98,049.14 1,44622 94,886.28 
6,557.50 8,57820 65,108.08 17,714.00 21,178.22 1,523,192.34 
43,658.04 
 
51,44324 191116.n 
 
55,551.84 17,687.50 
 
$ 17,169,316.90 $ 3,927,414.68 $ 
 
$ 
 
140,045.99 $ 
 
-26,567.47 $ 
 
0.00 
0.00 0.00 
 
$ 
 
146,904.00 
 
29,904.65 $ 
 
11,333.42 
 
-11.333.42 
 
-29,904.65 
 
$ 
 
165,475.23 $ 
 
-18,571.23 
 
$ 
 
305,52122 $ 
 
-45,138.70 $ 
 
0.00 
 
267,602.59 
 
446,837.13 
 
58,957.02 
 
3,123.65 974.16 
 
FUND BALANCE JUNE 30 
 
$ 
 
573.123.81 $ 405,796.24 $ 
 
58,957.02 
 
The notes to the general purpose financial statements are an integral part of this statement. -4- 
 
 EXHIBIT "B" 
 
TOTAL 
 
FIDUCIARY 
FUND TYPE EXPENDABLE TRUST FUNDS 
 
TOTALS 
<Memorandum OnM 
YEAR ENDED 
JUNE 301 1995 JUNE 301 1994 
 
$ 14,213,684.16 $ 2,754,660.98 4J41.864.96 
$ 21J10J10.10 $ 
 
0.00 $ 14,213,684.16 $ 12,634,255.67 
 
2,754,660.98 
 
2,390,789.00 
 
4J41.864.96 
 
4,142,097 37 
 
0.00 $ 21J10J10.10 $ 19.167.142.04 
 
$ 12,235,499.65 
654,016.75 348,793.18 418,964.82 433,218.41 1,431,287.99 129,240.89 1,379,274.80 1,588,129.95 238,432.99 54,4n.sa 1,523,192.34 166,902.65 $ 350,904.98 
106,995.08 37,404.22 
$ 21,096,731.58 $ 
$ 113,478.52 $ 
 
$ 12,235,499.65 $ 11,325,99631 
 
6,733.90 
 
654,016.75 348,793.18 418,964.82 433,218.41 1,431,287.99 129,240.89 1,379,274.80 1,588,129.95 238,432.99 54,472.88 1,523,192.34 173,636.55 350,904.98 
106,995.08 37,404.22 
 
420,409.37 325,208.50 411,694.39 441,045.91 1,345,284.18 123,218.02 1,280,342.96 1,444,527.74 177,594.52 38,013.44 1,373,795.58 166,428.98 62,104.44 253,525.00 
 
6,733.90 $ 21,103,465.48 $ 19,189,189.34 
 
-6,733.90 $ 
 
106,744.62 $ 
 
-22,047.30 
 
$ 146,904.00 41,238.07 -41~38.07 
 
$ 
 
146,904.00 
 
$ 260,382.52 $ 773,396.74 
 
3,123.65 974.16 
 
$ 146,904.00 $ 6n,372.76 
 
41,238.07 
 
1,653.97 
 
-41,238.07 
 
-1,653.97 
 
$ 146,904.00 $ 6n,3n.76 
 
-6,733.90 $ 8,794.42 
 
253,648.62 $ 782,191.16 
 
650,325.46 130,925.52 
 
 3,123.65 974.16 
 
-2,094.29 3,034.47 
 
$ 11037.877.07 $ 
 
2.060.52 $ 1.039,937.59 $ 782,191.16 
 
-5- 
 
  MERIWETHER COUNTY BOARD OF EDUCATION STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES 
BUDGET AND ACTUAL - CNON-GAAP BASIS) GENERAL AND SPECIAL REVENUE FUNDS 
YEAR ENDED JUNE 30, 1995 
 
EXHIBIT"C" 
 
REVENUES 
State Funds Federal Funds Local and Other Funds 
Total Revenues 
EXPENDITURES 
Current Instruction Support Services Pupil Services Improvement of Instructional Services Educational Media Services General Administration School Administration Business Administration Maintenance and Operation of Plant Student Transportation Services Central Support Services Other Support Services Food Services Operation Other Operations of Non-Instructional Services 
Capital Outlay Debt Service 
Total Expenditures 
Excess of Revenues over (under) Expenditures 
OTHER FINANCING SOURCES (USES) 
Other Sources Other Uses 
Total Other Financing Sources (Uses) 
Excess of Revenues and Other Financing Sources over (under) Expenditures and Other Financing Uses 
FUND BALANCE JULY 1, 1994 
Adjustments 
 
GENERAL FUND 
 
ACTUAL 
 
(BUDGET 
 
BUDGET 
 
BASIS} 
 
$ 13,014,609.00 $ 13,063,950.17 
 
14,054.00 
 
119,885.53 
 
3,973,205.00 
 
4,125,527.19 
 
$ 17,001,868.00 $ 17,309,362.89 
 
$ 10,214,894.00 $ 10,564,432.42 
 
359,284.00 362,728.00 445,176.00 334,857.00 1,310,831.00 123,124.00 1,492,141.00 1,341,821.00 236,056.00 
 
351,276.66 250,744.04 417,518.60 338,332.13 1,431,287.99 . 122,683.39 1,370,696.60 1 ,523,021 .87 220,718.99 
33,294.66 
 
156,873.00 40,500.00 
 
166,902.65 307,246.94 
71,159.96 
 
$ 16,418,285.00 $ 17,169,316.90 
 
$ 583,583.00 $ 140,045.99 
 
$ 
 
10,000.00 $ 
 
-463,531.00 
 
$ -453,531.00 $ 
 
176,808.65 -11,333.42 
165,475.23 
 
$ 130,052.00 $ 305,521.22 
 
258,669.15 
 
267,602.59 
 
-519.25 
 
SPECIAL REVENUE FUND 
 
ACTUAL 
 
(BUDGET 
 
BUDGET 
 
BASIS} 
 
$ 820,758.00 $ 1,149,733.99 
 
2,375,733.00 2,634,TT5.45 
 
252,295.00 
 
116,337.TT 
 
$ 3,448,786.00 $ 3,900,847.21 
 
$ 1,349,492.00 $ 1,671,067.23 
 
353,160.00 61,439.00 26,250.00 
103,959.00 
 
302,740.09 98,049.14 1,446.22 94,886.28 
 
9,940.00 36,142.00 15,024.00 57,256.00 1,432,336.00 
 
6,557.50 8,578.20 65,108.08 17,714.00 21,178.22 1,523, 192.34 
 
182,190.00 
 
43,658.04 73,239.34 
 
$ 3,627,188.00 $ 3,927,414.68 
 
$ -178,402.00 $ -26,567.47 
 
$ 
 
11,333.42 
 
-29,904.65 
 
$ -18,571.23 
 
$ -178,402.00 $ -45,138.70 
 
519,935.52 
 
414,663.44 
 
-29,238.39 
 
FUND BALANCE JUNE 30, 1995 
 
$ 388,201.90 $ 573,123.81 
 
$ 312,295.13 $ 369,524.74 
 
The notes to the general purpose financial statements are an integral part of this statement. 
-7- 
 
 MERIWETHER COUNTY BOARD OF EDUCATION 
 
EXIIlBIT "D" 
 
NOTES TO THE GENERAL PURPOSE FINANCIAL STATEMENTS 
 
JUNE 30, 1995 
 
Note 1: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES 
The Meriwether County Board ofEducation (Board) was established under the laws ofthe State of Georgia and operates under the guidance ofa school board elected by the voters and a Superintendent appointed by the Board. Wrth the exception of the departures from generally accepted accounting principles disclosed in these notes, the financial statements ofthe Board have been prepared in conformity with generally accepted accounting principles as applied to government units. The Governmental Accounting Standards Board (GASB) is the accepted standard-setting body for establishing governmental accounting and financial reporting standards. 
The more significant of the Board's accounting policies are described below. 
REPORTING ENTITY 
In evaluating how to define the government unit for financial reporting purposes, management has considered the criteria set forth in GASB Codification of Governmental Accounting and Financial Reporting Standards, Section 2100, "Defining the Financial Reporting Entity". The primary government consists of all the organizations that compose the legal entity ofthe Meriwether County Board ofEducation. 
Based upon the application of the above criteria, the Meriwether County Board ofEducation is determined to be the lowest level ofgovernment exercising oversight responsibility and control over all activities related to public education in Meriwether County, Georgia. The Board is not included in any other governmental "reporting entity" as defined by GASB Codification of Governmental Accounting and Financial Reporting Standards. 
Board members were elected by the public and have decision making authority, the power to designate management, the ability to significantly influence operations, and primary accountability for fiscal matters. The Board determines the millage rate at which school taxes are levied and may incur bonded indebtedness with voter approval. 
FUND ACCOUNTING 
The Board 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 of purchase. A General Fixed Assets Account Group is not presently maintained by the Board. 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. 
- 8- 
 
 MERIWETHER COUNTY BOARD OF EDUCATION 
 
EXHIBIT "D" 
 
NOTES TO THE GENERAL PURPOSE FINANCIAL STATEMENTS 
 
JUNE 30, 1995 
 
Note 1: SUM:MARY OF SIGNIFICANT ACCOUNTING POLICIES 
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 financial statements account for all State, Federal, Local and Other Funds under control ofthe Board, 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 ofa Board's general activities. Governmental Fund Types include: 
GENERAL FUND - the fund used to account for all financial resources of the Board 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. 
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 primarily received from the Georgia Department of Education and from the Federal government to accomplish specific objectives and are required to be accounted for separately. Also included are proceeds received from State, Federal, Local and Other sources for operations of the school food services fund. This fund could be accounted for as an enterprise fund; however, the Board chooses not to provide for depreciation, but to maintain the fund on a modified accrual basis and to report the fund as a special revenue fund under governmental fund types, which is acceptable under generally accepted accounting principles for governmental entities. 
CAPITAL PROJECTS FUND - the fund used to account for financial resources to be used for the acquisition or construction of GSFIC Project 88-699-087. 
FIDUCIARY FUND 1YPE - the trust funds used to account for assets held by a government unit in a trustee capacity or as an agent for individuals, private organizations, other government units and/or other funds. These funds include: 
EXPENDABLE TRUST FUNDS Baskin Estate Fund- the fund used to account for the escheated funds of the Mary Bell Baskin Estate, which were received by the Board on January 12, 1993. 
Self-Insurance Employee Benefit Fund - During a part offiscal year 1995, this fund was used to account for unemployment compensation contributions and expenditures. During the year under review, all available funds were expended from this fund for unemployment claims. In future years, all unemployment claims will be paid from the General Fund. 
- 9- 
 
 . MERIWETHER COUNTY BOARD OF EDUCATION 
 
EXHIBIT "D" 
 
NOTES TO THE GENERAL PURPOSE FINANCIAL STATEMENTS 
 
JUNE 30, 1995 
 
Note 1: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES 
ACCOUNT GROUP 
GENERAL LONG-TERM DEBT ACCOUNT GROUP - used to account for material 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 and expendable trust 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 of these 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 and expendable trust funds are accounted for using the modified accrual basis of accounting under which: 
Revenues are recognized when susceptible to accrual (i.e., when they become both measurable and available). "Measurable" means the amount ofthe 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. Those revenues considered susceptible to accrual are property taxes, intergovernmental grants and investment income. Property taxes are considered available if they are collected and remitted by the collecting agent to the Board within 60 days after fiscal year-end. 
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 ofthese contracts. During fiscal year 1995, a substantial number of personnel of the Board were employed for a one hundred and ninety day period beginning in late August 1994 and ending in early June 1995. Personnel contracts for this employment period specify that compensation be paid in twelve equal monthly payments beginning in September 1994 and ending in August 1995. State grants to fund the State's share of these contracts were disbursed from the Georgia Department of Education to the Board in the same twelve months. As ofJune 30, 1995, compensation under these employment contracts had been earned, but two of the twelve monthly payments, due for July and August 1995, had not been made. Payments for these two months were made and recorded as expenditures by the Board subsequent to June 30, 1995. Also, the State's portion ofthe compensation paid in July and August 1995 was received and recorded as revenue in the fiscal year subsequent to June 30, 1995. Conversely, the similar expenditures and 
- 10 - 
 
 MERIWETHER COUNTY BOARD OF EDUCATION 
 
EXHIBIT "D" 
 
NOTES TO THE GENERAL PURPOSE FINANCIAL STATEMENTS 
 
JUNE 30, 1995 
 
Note 1: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES 
 
related revenues for contractual services completed prior to June 30, 1994, were recorded in the year ended June 30, 1995. 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 Meriwether County Board of Education's budget is a complete financial plan for the Board's fiscal year and is based upon estimates of expenditures together with probable funding sources. There is no statutory prohibition regarding overexpenditure of the 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 Board's administration prepares a tentative budget for the Board's approval. After approval of this 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 of the 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, 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. 
 
The Statement ofRevenues, Expenditures and Changes in Fund Balances - Budget and Actual presents actual and budgeted data for the General Fund and Special Revenue Fund. To facilitate comparison with the budget, the following adjustments have been made to actual revenues, expenditures and fund balance as reflected on Exhibit "B" of this report: 
 
Excess ofRevenues and Other Sources of Financial Resources over (under) Expenditures and Other Financing Uses 
Fund Balance July 1, 1994 
Adjustments: Inventories July 1, 1994 Food Donated Commodities Purchased Foods 
Fund Balance June 30, 1995 (Budget Basis) 
 
Special Revenue 
Fund 
$ -45,138.70 446,837.13 
-17,888.92 -14 284.77 $ 369,524, 74 
 
- 11 - 
 
 MERIWETHER COUNTY BOARD OF EDUCATION 
 
EXIIlBIT "D" 
 
NOTES TO THE GENERAL PURPOSE FINANCIAL STATEMENTS 
 
JUNE 30, 1995 
 
Note 1: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES 
CASH AND CASH EQUIVALENTS 
COMPOSITION OF DEPOSITS Cash and cash equivalents consist of deposits (including N. 0.W. accounts) in authorized financial institutions. Georgia Laws authorize the Board to deposit its funds in one or more solvent banks, insured Federal savings and loan associations, or insured State chartered building and loan associations. The placement of proceeds from bond issues in certificates of deposit is limited to financial institutions located within this State. 
INVESTMENTS 
COMPOSITION OF INVESTMENTS Investments made by the Board are stated at cost. The Official Code of Georgia Annotated Section 36-83-4 authorizes the Board to invest its funds 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 of Georgia, Office of Treasury and Fiscal Services, 
(7) Repurchase agreements, and 
(8) Obligations of other political subdivisions of the State of Georgia. 
RECEIVABLES 
Receivables consist ofgrant reimbursements due from Federal, State or other grantors for expenditures made but not reimbursed and other receivables disclosed from information available. Receivables 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. 
 
- 12 - 
 
 MERIWETHER COUNTY BOARD OF EDUCATION 
 
EXfilBIT "D" 
 
NOTES TO THE GENERAL PURPOSE FINANCIAL STATE:MENTS 
 
JUNE 30, 1995 
 
Note 1: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES 
 
PROPERTY TAXES 
 
The Meriwether County Board of Commissioners fixed the property tax levy for the 1994 tax year (calendar year) on October 20, 1994 (levy date). Taxes were due on December 20, 1994. The lien date for property taxes was January l, 1994. Taxes collected within the current fiscal year or within 60 days after year-end are reported as revenue in fiscal year 1995 since their collection meets the criteria of GASB codification section P70. l 03. The Meriwether County Tax Commissioner bills and collects the property taxes for the Board of Education, withholds 2.5% of taxes collected as a fee for tax collection, and remits the balance of taxes collected to the Board. 
 
The tax millage rate levied for the 1994 tax year (calendar year) for the Meriwether County Board of Education was as follows (a mill equals $1 per thousand dollars of assessed value): 
 
School Operations 
 
17.0 mills 
 
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. 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 of purchase. 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. 
 
COMPENSATED ABSENCES 
 
Compensated absences represent obligations of the Board relating to employees' rights to receive compensation for future absences based upon service already rendered. This obligation relates only to vesting accumulating leave in which payment is probable and can be reasonably estimated. No liability has been recorded in the individual funds for the current portion of this obligation as this amount is deemed immaterial to the general purpose financial statements. 
 
Additionally, the dollar value of accumulated compensated absences at June 30, which will be payable from future resources has not been recorded in the General Long-Term Debt Account Group as this liability is also deemed to be immaterial to the fair presentation of these financial statements. 
 
- 13 - 
 
 MERIWETHER COUNTY BOARD OF EDUCATION 
 
EXIIlBIT "D" 
 
NOTES TO THE GENERAL PURPOSE FINANCIAL STATEMENTS 
 
JUNE 30, 1995 
 
Note 1: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES 
INTERFUND TRANSACTIONS 
The Board has the following types of interfund transactions: 
Reimbursements ofexpenditures 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 of operations 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 ofGeorgia 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 of money which has not been secured by surety bond, by guarantee ofinsurance, or by collateral. The aggregate of the face value of such surety bond and the market value ofsecurities shall be equal to not less than 110 percent ofthe public funds being secured after the deduction of the amount of deposit insurance. OCGA Section 45-8-11 provides an officer holding public funds may, in his discretion, waive the requirement for security in the case of operating funds placed in demand deposit checking accounts. 
Acceptable security for deposits consists of any one of or any combination ofthe following: 
(I) 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 ofindebtedness or other direct obligations of the United States or of the State of Georgia, 
 
- 14 - 
 
 MERIWETHER COUNTY BOARD OF EDUCATION 
 
EXHIBIT "D" 
 
NOTES TO THE GENERAL PURPOSE FINANCIAL STATEMENTS 
 
JUNE 30, 1995 
 
Note 2: DEPOSITS AND INVESTMENTS 
 
(4) Bonds, bills, notes, certificates of indebtedness or other obligations of the counties or municipalities ofthe State of Georgia, 
 
(5) Bonds ofany 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 gove~ent, which are fully guaranteed by the United States government both as to principal and interest and 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, 1995, the bank balances were $1,716,049.55. The amounts of the total bank balances are classified into three categories of credit risk: 
 
Category I - . Cash that is insured (e.g., Federal depository insurance) or collateralized with securities held by the Board or by the Board's agent in the Board's name. 
Category 2 - Cash collateralized with securities held by the pledging financial institution's trust department or agent in the Board'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 Board's name.) 
 
The Board's deposits are classified by risk category at June 30, 1995, as follows: 
 
Risk Category 
I 2 3 
Total 
 
Bank Balance 
$ 200,000.00 1,158,241.94 357,807.61 
$1,716,049.55 
 
CATEGORIZATION OF INVESTMENTS At June 30, 1995, the carrying amount ofthe Board's total investments was $737,596.83 and consisted entirely offunds in the Local Government Investment Pool administered by the State of Georgia, Office of Treasury and Fiscal Services which are not required to be categorized since the Board did not own any specific 
 
- 15 - 
 
 MERIWETHER COUNTY BOARD OF EDUCATION 
 
EXIIlBIT "D" 
 
NOTES TO THE GENERAL PURPOSE FINANCIAL STATEMENTS 
 
JUNE 30, 1995 
 
Note 2: DEPOSITS AND INVESTMENTS 
 
identifiable securities in the pool. The investment policy ofthe State of Georgia, Office of Treasury and Fiscal Services for the Local Government Investment Pool does not provide for investment in derivatives or similar investments. 
 
Note 3: NON-MONETARY TRANSACTIONS 
 
The Board 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 Board is exposed to various risks ofloss related to torts; theft of, damage to, and destruction of assets; errors or omissions; job related illnesses or injuries to employees; natural disaster; and unemployment compensation. 
 
The Board has obtained commercial insurance for risk ofloss associated with torts and assets. The Board has neither significantly reduced coverage for these risks nor incurred losses (settlements) which exceeded the Board's insurance coverage in any of the past three years. 
 
The Board has obtained commercial insurance for errors and omissions, however the policy excludes coverage for sexual harassment and discrimination claims. Additionally, the Board has elected to self-insure for all losses related to natural disaster. The Board has not experienced any losses related to these risks in the past three years. 
 
The Board is self-insured with regard to unemployment compensation claims. The Board accounts for claims within the General Fund with expenditures and liability being reported when it is probable that a loss has occurred, and the amount of that loss can be reasonably estimated. 
 
During the year under review, claims of $2,594.85 and $6,733.90 were paid from the General Fund and Expendable Trust Fund, respectively. All available funds were expended from the Expendable Trust Fund and all future claims are to be paid from the General Fund. 
 
Changes in the unemployment compensation claims liability during the last two fiscal years are as follows: 
 
1994 1995 
 
Beginning of Year Liabilitv 
 
Claims and Changes in Estimates 
 
Claims Paid 
 
End of Year Liability 
 
$ 
 
0.00 $ 10,482.50 $ 10,482.50 $ 
 
0.00 
 
$ 
 
0.00 $ 
 
9 328.75 $ 
 
9,328.75 $ 
 
0.00 
 
- 16 - 
 
 MERIWETHER COUNTY BOARD OF EDUCATION 
 
EXHIBIT "D" 
 
NOTES TO THE GENERAL PURPOSE FINANCIAL STATE:MENTS 
 
JUNE 30, 1995 
 
Note4: RISKMANAGEMENT 
 
The Board participates in the Georgia School Boards Association Workers' Compensation Fund, a public entity risk pool organized on July 1, 1992 to develop, implement, and administer a program of workers' compensation self-insurance for its member organizations. The Board pays an annual premium to the Fund for its general insurance coverage. Additional insurance coverage is provided through an agreement by the Fund with the Safety National Casualty Corporation to provide coverage for potential losses sustained by the Fund in excess of $250,000.00 loss per occurrence, up to the statutory limit. Also, should losses within the retained limit of $250,000.00 aggregate to more than eighty-five percent (85%) of the standard experience rated premium during the policy term, the policy with Safety National Casualty Corporation will pay the next $1,000,000.00 ofloss. 
 
Note 5: GENERAL LONG-TERM DEBT 
 
CAPITAL LEASES The Meriwether County Board ofEducation has entered into various lease agreements as lessee for computers, portable classrooms and school buses. 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. 
 
The changes in General Long-Term Debt during the fiscal year ended June 30, 1995, were as follows: 
 
Capital Leases 
 
Balance July 1, 1994 
 
$ 418,847.76 
 
Additions 
 
146,904.00 
 
Deductions 
 
106,995.08 
 
Balance June 30, 1995 
 
$ 458, 756,68 
 
At June 30, 1995, payments due, by fiscal year which includes principal and interest for these items are as follows: 
 
- 17 - 
 
 MERIWETHER COUNTY BOARD OF EDUCATION 
 
EXHIBIT "D" 
 
NOTES TO THE GENERAL PURPOSE FINANCIAL STATEMENTS 
 
JUNE 30, 1995 
 
Note 5: GENERAL LONG-TERM DEBT 
 
Fiscal Year Ended June 30 
 
Capital Leases 
 
1996 1997 1998 1999 2000 
 
$ 150,350.96 150,350.96 150,350.96 77,111.62 5,951.82 
 
Total Principal and Interest 
 
$ 534,116.32 
 
Deduct: Imputed Interest 
 
75,359.64 
 
Net Present Value ofFuture Minimum Lease Payments 
 
$ 458,756 68 
 
Note 6: CONTINGENT LIABILITIES 
 
Amounts received or receivable principally from the Federal government are subject to audit and review by grantor agencies. This could result in requests for reimbursement to the grantor agency for any expenditures which are disallowed under grant terms. The Board believes that such disallowances, if any, will be immaterial to its overall financial position. 
 
The Board is a defendant in various legal proceedings pertaining to matters incidental to the performance of routine Board operations. The ultimate disposition ofthese proceedings is not presently determinable, but are not believed to be material to the general purpose financial statements. 
 
Note 7: ACCUMULATED EMPLOYEES' LEAVE 
 
The Board's administrative staff and certain other full-time employees earn one day per month of annual leave. Annual leave may be accumulated to a maximum often days, and an amount based on unused leave, up to the maximum accumulation, is paid at the current rate of pay to employees upon retirement or termination of employment. See Note 1 - Compensated Absences 
 
Note 8: RETIREMENT PLANS 
 
TEACHERS RETIREMENT SYSTEM OF GEORGIA (TRS) 
 
TRS PLAN DESCRIPTION Substantially all teachers, administrative and clerical personnel employed by local school systems are covered by the Teachers Retirement System of Georgia (TRS), which is a cost-sharing multiple employer public employee retirement system (PERS). 
 
- 18 - 
 
 MERIWETHER COUNTY BOARD OF EDUCATION 
 
EXIIlBIT "D" 
 
NOTES TO THE GENERAL PURPOSE FINANCIAL STATEMENTS 
 
JUNE 30, 1995 
 
Note 8: RETIREMENT PLANS 
TRS provides service retirement, disability retirement and survivors benefits for its members in accordance with State statute. A member is eligible for service retirement after 30 years of creditable service, regardless ofage, or after IO years of service and attainment of age 60. A member is eligible for early retirement after 25 years of creditable service and attainment of age 55, at a reduced benefit. Retirement benefits paid to members are equal to 2% of the average of the member's two consecutive highest paid years of service multiplied by the number of years of creditable service up to 40 years. The normal retirement pension is payable monthly for life. Options are available for distribution of the member's monthly pension at a reduced rate to a designated beneficiary on the member's death. 
Retirement benefits also include death and disability benefits. A disabled member or surviving spouse is entitled to receive annually an amount equal to the member's service retirement benefit or disability retirement, whichever is greater. The death benefit is the amount that would be payable to the member's beneficiary had the member retired on the date of death on either a service retirement allowance or a disability retirement allowance, whichever is larger. The benefit is based on the member's creditable service (minimum of 10 years of service) and compensation up to the time of disability or death. 
Members become fully vested after ten years of service. If a member terminates with less than ten years of service, no vesting ofemployer contributions occurs, but..t;he member's contributions are refunded with interest. 
The Board's payroll for employees covered by TRS for the year ended June 30, 1995, was $11,329,741.73; total payroll was $13,126,330.32. 
TRS CONTRIBUTIONS REQUIRED AND MADE Employees ofthe Board who are covered by TRS are required by State statute to contribute 5% of their gross earnings to TRS. The Board 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. For fiscal year 1995 that rate for employer contributions was 11.81%. The interest rate assumption (rate of return on investments) was 7.50%. 
Total contributions made during fiscal year 1995 amounted to $1,904,531.80, of which $1,338,043.26 was made by the Board and $566,488.54 was made by employees. These contributions represented 11.81% (Board) and 5% (employees) of covered payroll. 
TRS FUNDING STATUS AND PROGRESS The amount of the total pension benefit obligation is based on a standardized measurement established by Statement No. 5 ofthe Governmental Accounting Standards Board (GASB) that, with some exceptions, must be used by a PERS. The standardized measurement is the actuarial present value of credited projected benefits. This valuation method reflects the present value of estimated pension benefits that will be paid in future years as a result of employee services performed to date, and is adjusted for the effects of projected 
 
- 19 - 
 
 l\IBRIWETHER COUNTY BOARD OF EDUCATION 
 
EXHIBIT "D" 
 
NOTES TO THE GENERAL PURPOSE FINANCIAL STATEl\IBNTS 
 
JUNE 30, 1995 
 
Note 8: RETIREl\IBNT PLANS 
 
salary increases. A standardized measure ofthe pension benefit obligation was adopted by the GASB to enable 
readers of PERS financial statements to assess that PERS funding status on a going-concern basis, assess progress made in accumulating sufficient assets to pay benefits when due, and make comparisons among other PERS and among other employers. 
 
Total unfunded pension benefit obligation ofTRS as of June 30, 1994, was as follows: 
 
Total pension benefit obligation 
 
$15,313,743,000.00 
 
Net assets available for benefits, at cost 
 
14,254,785,000.00 
 
Unfunded pension benefit obligation 
 
$ 1,058 958,000.00 
 
The measurement ofthe total pension benefit obligation is based on an actuarial valuation as of June 30, 1994. Net assets available to pay pension benefits were valued as of the same date. TRS does not make separate measurements of assets and pension benefit obligation for individual employers. 
 
Total contributions from all employers to TRS for fiscal year ended June 30, 1995 were $565, 117,811.00. The Board's contribution for the year ended June 30, 1995 of $1,338,043.26 was actuarially determined and represented .2368% of total contributions made by all participating employers. 
 
Ten year historical trend information is presented in the 1995 TRS Component Unit Financial Report. This information is useful in assessing TRS's accumulation of sufficient assets to pay pension benefits as they become due. 
 
PUBLIC SCHOOL EMPLOYEES RETIREMENT SYSTEM OF GEORGIA (PSERS) 
 
PSERS PLAN DESCRIPTION Substantially all bus drivers, maintenance, custodial, and lunchroom personnel employed by local school systems are covered by the Public School Employees Retirement System of Georgia (PSERS). All employer's contributions are made by the State of Georgia in accordance with State statute. 
 
PSERS provides in accordance with State statute service retirement, disability retirement and survivors benefits for its members. A member is eligible for normal service retirement after 10 years of service and attainment ofage 65. A member applying for service retirement with 10 years of service and retires between the ages of 60 and 65 receives a reduced benefit. Monthly retirement benefits paid to members are equal to $8.00 per month multiplied by the number of years of creditable service. Options are available for distribution ofthe member's monthly pension at a reduced rate to a designated beneficiary on the member's death. 
 
Retirement provisions include death and disability benefits. Disability benefits are the same as if the employee had retired at age 65 as long as the employee has 15 or more years of creditable service. Death benefits are dependent upon the number ofyears of service. If there are less than ten years of service, a lump sum refund 
 
- 20 - 
 
 :MERIWETHER COUNTY BOARD OF EDUCATION 
 
EXHIBIT "D" 
 
NOTES TO THE GENERAL PURPOSE FINANCIAL STATE:MENTS 
 
JUNE 30, 1995 
 
Note 8: RETIRE:MENT PLANS 
of the employee's contributions and interest are made to the beneficiary. Ifthere are more than ten years of service, the beneficiary shall receive for life half of what the employee would have received upon retirement. 
Members become fully vested after ten years of service. If a member terminates with less than ten years of service, no vesting ofemployer contributions occurs, but the member's contributions are refunded with interest. 
There were 160 employees. covered under PSERS for the year ended June 30, 1995. 
PSERS CONTRIBUTIONS REQUIRED AND MADE Covered employees are required by State statute to contribute $4.00 a month for the nine month school year. Unlike TRS, the Board makes no contribution to PSERS. The State of Georgia is required by statute to make employer contributions actuarially determined and approved and certified by the PSERS' Board of Trustees. Total contributions from employees ofthe Board made during fiscal year 1995 amounted to $5,396.00. Total 
contribution for all school systems made by the State of Georgia to PSERS for fiscal year ended 
June 30, 1995, was $9,162,000.00. 
Note 9: SURETY BONDS 
The School Superintendent, Mr. Robert P. Hawk, is bonded in the amount of $50,000.00 with the Western Surety Company, Sioux Falls, South Dakota, their Bond No. 68365427, on which premium is paid through June 1, 1997. 
 
- 21 - 
 
 MERIWETHER COUNTY BOARD OF EDUCATION COMBINING BALANCE SHEET 
SPECIAL REVENUE FUND JUNE 30, 1995 
 
ASSETS 
Cash and Cash Equivalents 
Accounts Receivable 
Inventories Food Donated Commodities Purchased Food 
Tolal Assets 
LIABJLITJES AND FUND EOUJTY 
LIABILITIES 
Cash Overdraft Accounts Payable Salaries Payable Expired Grant Balances Payable Deferred Revenue 
Tolal Liabilities 
FUND EOUJTY 
Fund Balances Reserved For Expired Grant Balances/Questioned Costs For Inventories Food 
Donated Commodities 
Purchased Food 
Unreserved Undesignated 
Tolal Fund Equity 
 
ELEMENTARY AND SECONDARY 
 
SCHOOL FOOD 
SERVICES FUND 
 
LOTTERY PROGRAMS 
 
CHAPTER 1 
 
EDUCATION OF EDUCATION OF 
 
CHILDREN IN 
 
DEPRIVED 
 
STATE SCHOOLS CHILDREN 
 
$ 405,679.23 $ 110,824.56 $ 
 
0.00 
 
38,980.40 
 
'46,202.24 
 
$ 140,784.65 
 
21,012.57 15,258.93 
 
------= $ 480,931.13 $ 157,026.80 $ 
 
0.00 $ 140,784.65 
 
$ 4,961.47 $ 109,389.61 70,914.59 
47,584.01 
$ 75,876.06 $ 156,973.62 
 
$ 
 
41,681.05 
 
17,975.50 
 
81,128.10 
 
$ 140,784.65 
 
$ 
$ 21,012.57 15,258.93 
$ 36,271.50 $ 368,783.57 
$ 405,055.07 $ 
 
53.18" 
53.18 0.00 $ 
53.18 $ 
 
0.00 $ 
 
0.00 
 
0.00 $ 
 
0.00 
 
Tolal Liabilities and Fund Equity 
 
$ 480,931.13 $ 157,026.80 $ 
 
0.00 $ 140,784.65 
 
See notes to the general purpose financial statements. 
 
-22- 
 
 EDUCATION ACT 
 
TITLE II - 
 
INDIVIDUALS WITH 
 
EISENHOWER DISABILITIES EDUCATION ACT 
 
CHAPTER2 MATHEMATICS 
 
TITLE VI, B 
 
JOB TRAINING 
 
BLOCK GRANT - AND SCIENCE --=FL"""o'""w,.,......-----=p""R=E=sc=H"""o""'o=L- PARTNERSHIP 
 
TOTALS 
 
FLOW THROUGH EDUCATION 
 
THROUGH 
 
PROGRAM 
 
ACT 
 
JUNE 30, 1995 JUNE 30, 1994 
 
$ 
 
1,686.18 
 
$ 
 
5,878.56 $ 
 
9,305.30 $ 
 
121.58 $ 533,495.41 $ 508,116.54 
 
$ 18,498.00 
 
32,805.42 2n,210.11 
 
221,694.63 
 
21,012.57 15,258.93 
 
17,888.92 14,284.n 
 
s_ _...,.1,_,686i,i a ,i,,i.1... s 18,498.00 $ 
 
5,878.56 $ 
 
9,305.30 $ 32,927.00 $ 847,037.62 $ 761,984.86 
 
$ 18,094.09 
 
$ 24,349.20 $ 84,124.34 $ 
 
76,649.15 
 
$ 
 
165.96 
 
$ 
 
576.32 $ 
 
72.04 
 
1,231.94 
 
134,372.84 
 
40,324.52 
 
2,945.24 
 
543.80 
 
7,345.86 
 
162,Sn.59 
 
166,568.14 
 
832.23 
 
403.91 
 
2,357.00 
 
8,689.46 
 
12,282.60 
 
12,065.66 
 
47,584.01 
 
19,540.26 
 
$ 
 
998.19 $ 18,498.00 $ 
 
5,878.56 $ 
 
9,305.30 $ 32,927.00 $ 441,241.38 $ 315,147.73 
 
$ 
 
687.99 
 
$ 
 
741.17 $ 
 
687.99 
 
21,012.57 15,258.93 
 
17,888.92 14,284.n 
 
$ 
 
687.99 
 
$ 37,012.67 $ 
 
32,861.68 
 
0.00 $ 
 
0.00 $ 
 
0.00 $ 
 
0.00 $ 
 
0.00 
 
368,783.57 
 
413,975.45 
 
$ 
 
687.99 $ 
 
0.00 $ 
 
0.00 $ 
 
0.00 $ 
 
0.00 $ 405,796.24 $ 446,837.13 
 
$ 
 
1,686.18 $ 18,498.00 $ 
 
5,878.56 $ 
 
9,305.30 $ 32,927.00 $ 847,037.62 $ 761,984.86 
 
-23- 
 
 MERIWETHER COUNTY BOARD OF EDUCATION COMBINING STATEMENT OF REVENUES. EXPENDITURES AND CHANGES IN FUND BALANCES 
SPECIAL REVENUE FUND 
YEAR ENDED JUNE 30. 1995 
 
REVENUES 
State Funds Federal Funds Local and Other Funds 
Total Revenues 
EXPENDITURES 
Current 
Instruction Support Services 
Pupil Services Improvement of Instructional Services Educational Media Services GeneralAdrninistration School Administration Business Administration Maintenance and Operation of Plant Student Transportation Services Central Support Services Other Support Services Food Services Operation capital Outlay Debt Service Principal Interest 
Total Expenditures 
Excess of Revenues over (under) EJCpenditures 
OTHER FINANCING SOURCES CUSES} 
capital Leases Operating Transfers In Operating Transfers OUt 
Total Other Financing Sources (Uses) 
Excess of Revenues and Other Financing Sources over (under) EJCpenditures and Other Financing Uses 
FUND BALANCE JULY 1 
Food Inventory - Net Change in Period Donated Commodities Purchased Food 
FUND BALANCE JUNE 30 
 
SCHOOL 
FOOD SERVICES 
FUND 
 
ELEMENTARY AND SECONDARY 
 
LOTTERY 
PROGRAMS 
 
CHAPTER 1 
 
EDUCATION OF EDUCATION OF 
 
CHILDREN IN 
 
DEPRIVED 
 
STATE SCHOOLS CHILDREN 
 
$ 96,624.00 $ 1,053,109.99 
 
1,265,431.61 
 
$ 
 
115,944.85 
 
$ 114781000.46 $ 110531109.99 $ 
 
6,394.00 $ 
 
986,sn.33 
 
6,394.00 $ 
 
9861672.33 
 
$ 801,333.18 $ 
149,914.21 16,782.39 
 
$ 1,523,192.34 
 
6,557.50 4,618.91 34,216.00 
222.n 
43,658.04 
 
$ 1,523,192.34 $ 1,057,303.00 $ $ -45, 191.88 $ -4,193.01 $ 
 
6,394.00 $ 
 
692,954.49 
38,072.44 52,908.25 
76,989.36 
 
905.00 30,648.00 
20,955.45 
 
6,394.00 $ 0.00 $ 
 
55,551.84 17,687.50 
986,672.33 
0.00 
 
$ 
 
4,246.24 
 
-0.05 
 
$ 
 
4,246.19 
 
$ -45,191.88 $ 446,149.14 
 
53.18 $ 0.00 
 
3,123.65 974.16 
 
s 405,055.01 s _ _ _53_.1_8 s 
 
0.00 $ 
 
0.00 
 
0.00 
 
0.00 
 
----- 0.00 $ 
 
0.00 
 
See notes to the general purpose financial statements. 
 
-24- 
 
 EXHIBITF" 
 
EDUCATION ACT 
CHAPTER2 BLOCK GRANT FLOW THROUGH 
 
TITLE IIEISENHOWER MATHEMATICS AND SCIENCE EDUCATION 
 
INDIVIDUALS WITH 
 
DISABILITIES EDUCATION ACT 
 
TITLEVI, B 
 
FLOW 
 
PRESCHOOL 
 
THROUGH 
 
PROGRAM 
 
JOB TRAINING PARTNERSHIP 
ACT 
 
TOTALS YEAR ENDED JUNE 30, 1995 JUNE 30, 1994 
 
$ 1,149,733.99 $ 585,438.06 
 
$ 
 
32.,641.n s 
 
51,153.25 $ 184,116.00 $ 
 
44,317.54 $ 
 
64,042.95 2,634,nS.45 2,294,080.34 
 
392.92 
 
116,337.n 
 
253,097.44 
 
$ 
 
32.,647.n s 
 
51,546.17 $ 184,116.00 $ 
 
44,317.54 $ 
 
64,042.95 $ 3,900,847.21 $ 3,132.,615.84 
 
$ 
 
32.,641.n 
 
$ 
 
61,974.39 $ . 4,850.50 $ 
 
70,912.90 $ 1,671,067.23 $ 1,446,679.25 
 
$ 
 
21,598.22 
 
43.35 
 
80,568.40 6,760.28 1,446.22 17,853.57 
3,054.29 26.85 
12,432.00 
 
34,185.04 5,282.00 
 
217.23 
 
302,740.09 98,049.14 1,446.22 94,886.28 
6,557.50 8,578.20 65,108.08 17,714.00 21,178.22 1,523,192.34 43,658.04 
 
140,828.47 78,146.43 
1,302.36 96,947.36 37,307.15 
4,659.80 36,000.56 15,184.00 27,190.54 1,373,788.34 5,505.00 
 
55,551.84 17,687.50 
 
73,239.34 
 
$ 
 
s 32.,647.n 
 
21,641.57 $ 184,116.00 $ 
 
44,317.54 $ 
 
71,130.13 $ 3,927,414.68 $ 3,336,n8.60 
 
$ 
 
0.00 $ 
 
29,904.60 S 
 
0.00 $ 
 
0.00 $ 
 
-7,087.18 $ -26,567.47 $ -204,162.76 
 
s -29,904.60 s -29,904.60 
 
s 320,452.16 
 
$ 
 
7,087.18 S 
 
11,333.42 
 
1,653.97 
 
-29,904.65 
 
$ 
 
7,087.18 $ -18,571.23 $ 322,106.13 
 
$ 
 
0.00 $ 
 
0.00 S 
 
0.00 S 
 
0.00 $ 
 
0.00 $ -45,138.70 $ 117,943.37 
 
687.99 
 
0.00 
 
0.00 
 
0.00 
 
0.00 
 
446,837.13 
 
327,953.58 
 
3,123.65 974.16 
 
-2,094.29 3,034.47 
 
$ 
 
687.99 $ 
 
0.00 $ 
 
0.00 S 
 
0.00 $ 
 
0.00 $ 405,796.24 $ 446,837.13 
 
-25- 
 
 MERIWETHER COUNTY BOARD OF EDUCATION COMBINING BALANCE SHEET FIDUCIARY FUND TYPES JUNE 30, 1995 
 
EXHIBIT"G" 
 
ASSETS Cash and Cash Equivalents 
 
EXPENDABLE TRUST FUNDS 
 
SELF-INSURED 
 
EMPLOYEE 
 
BENEFIT FUND 
 
BASKIN 
 
UNEMPLOYMENT 
 
ESTATE 
 
COMPENSATION 
 
FUND 
 
FUND 
 
TOTALS JUNE 30, 1995 JUNE 30, 1994 
 
$ 
 
2,060.52 $ 
 
0.00 $ 
 
2,060.52 $ ===8=,7=9=4==.4=2 
 
FUND EQUITY 
Fund Balances Unreserved Undesignated 
 
$ 
 
2,060.52 $ 
 
0.00 $ 
 
2,060.52 $ ===8=,7=9=4.=4=2 
 
See notes to the general purpose financial statements. 
 
- 26 - 
 
 MERIWETHER COUNTY BOARD OF EDUCATION COMBINING STATEMENT OF REVENUES. EXPENDITURES AND CHANGES IN FUND BALANCES 
FIDUCIARY FUND TYPE - EXPENDABLE TRUST FUNDS YEAR ENDED JUNE 30. 1995 
 
EXHIBIT H 
 
REVENUES Local and Other Funds 
EXPENDITURES Current 
Other Operations of Non-Instructional Services Excess of Revenues over (under) Expenditures FUND BALANCE JULY 1 
 
BASKIN ESTATE 
FUND 
 
SELF-INSURED EMPLOYEE 
BENEFIT FUND UNEMPLOYMENT COMPENSATION 
FUND 
 
TOTALS YEAR ENDED JUNE 301 1995 JUNE 301 1994 
 
$ 
 
0.00 $ 
 
0.00 $ 
 
0.00 $ 
 
0.00 
 
$ 
 
0.00 $ 
 
6,733.90 $ 
 
6,733.90 $ 
 
10,482.50 
 
$ 
 
0.00 $ 
 
-6,733.90 $ 
 
-6,733.90 $ -10,482.50 
 
2,060.52 
 
6z733.90 
 
8,794.42 
 
19,276.92 
 
FUND BALANCE JUNE 30 
 
$ 
 
2,060.52 $ 
 
0.00 $ 
 
----- 2,060.52 $ 
 
8,794.42 
 
See notes to the general purpose financial statements. 
 
-27- 
 
 MERIWETHER COUNTY BOARD OF EDUCATION SCHEDULE OF FEDERAL FINANCIAL ASSISTANCE 
YEAR ENDED JUNE 30 1995 
 
SCHEDULE "1" 
 
FUNDING AGENCY PROGRAM/GRANT 
 
CFDA NUMBER 
 
AWARDS IN PERIOD 
 
FEDERAL FUNDS RECEIVED IN PERIOD (NET OF REFUNDS) 
 
FEDERAL REVENUE IN PERIOD 
 
EXPENDITURES IN PERIOD 
 
Agriculture, U. S. Department of Through Georgia Department of Education Food and Nutrition Program Food Services School Breakfast Program 1994 Grant 1995Grant National School Lunch Program 1994Grant 1995 Grant 
Food Distribution Program (1) 
 
. 10.553 * 10.553 $ 
. 10.555 
. 10.555 
10.550 
 
$ 365,551.96 
806,243.08 93,636.57 
 
3,906.74 335,881.58 $ 
8,272.97 796,933.06 NIA 
 
365,551.96 
806,243.08 $ 93,636.57 
 
(2) 
1,429,555.n (3) 931636.57 
 
Total U.S. Department of Agriculture 
 
$ 1,265,431.61 $ 
 
1,144,994.35 $ 1,265,431.61 $ 1,523,192.34 
 
Education, U.S. Department of 
 
Through Georgia Department of Education 
 
Elementary and Secondary Education Act 
 
Chapter 1 
 
Education of Children in State Schools 
 
1994 Carry-Over 
 
84.009 $ 
 
1995 Regular 
 
84.009 
 
Education of Deprived Children 
 
1993 Carry-Over 
 
* 84.010 
 
1994 Regular 
 
* 84.010 
 
1994 Carry-Over 
 
* 84.010 
 
1995 Regular 
 
* 84.010 
 
Chapter2 
 
Block Grant - Flow Through 
 
1994 Regular 
 
84.151 
 
1995 Regular 
 
84.151 
 
Tltlell 
 
Eisenhower Mathematics and Science 
 
Education 
 
1994 D & E Grant 
 
84.164 
 
1994 Regular 
 
84.164 
 
1995 Regular 
 
84.164 
 
Individuals with Disabilities Education Act 
 
TitleVl,B 
 
Flow Through 
 
1994 Regular 
 
84.027 
 
1994 Carry-Over 
 
84.027 
 
1995 Regular 
 
84.027 
 
Preschool Program 
 
1993 Carry-Over 
 
84.173 
 
1994 Regular 
 
84.173 
 
1994 Carry-Over 
 
84.173 
 
1995 Regular 
 
84.173 
 
Vocational Education - Basic Grants to States 
 
High School Program 
 
Basic Grant 
 
1994Grant 
 
84.048 
 
1995 Grant 
 
84.048 
 
Tech-Prep Education 
 
1994 Grant 
 
84.243 
 
1995 Grant 
 
84.243 
 
3,850.00 $ 2,544.00 14,946.00 125,624.00 887,270.00 
33,480.00 
18,498.00 
61,473.00 181,944.00 
39,507.00 44,800.00 
83,031.24 68,137.98 
 
3,850.00 $ 2,544.00 
14,946.00 93,853.46 117,966.37 712,975.31 
 
3,850.00 $ 2,544.00 
14,946.00 
125,624.00 846,102.33 
 
3,850.00 2,544.00 
14,946.00 
125,624.00 846,102.33 
 
40,611.00 33,480.00 
 
32,647.n 
 
32,647.n 
 
29,904.60 21,139.00 
 
29,904.60 3,154.56 
18,094.09 
 
3,154.56 18,487.01 (3) 
 
-4,829.73 61,473.00 125,000.00 
-37.87 -645.16 39,507.00 13,500.00 
 
61,473.00 122,643.00 
39,507.00 4,810.54 
 
61,473.00 122,643.00 
39,507.00 4,810.54 
 
16,037.49 
 
40,063.38 
 
66,993.75 
 
(4) 
 
20,224.00 
 
27,053.02 
 
47,913.98 
 
{4) 
 
Total U. S. Department of Education 
 
$ 1,565,105.22 $ 
 
1,408,614.87 $ 1,420,208.62 $ 1,275,789.21 
 
- 28 - 
 
 MERIWETHER COUNTY BOARD OF EDUCATION SCHEDULE OF FEDERAL FINANCIAL ASSISTANCE 
YEAR ENDED JUNE 30. 1995 
 
SCHEDULE "1" 
 
FUNDING AGENCY PROGRAM/GRANT 
Labor, U.S. Department of Through Griffin Regional Educational Service Agency Job Training Partnership Act 1993 Summer Program 1994 Youth Competency Program Through West Central Georgia Private Industry Council Job Training Partnership Act 1994 Summer Program 1995 Summer Program 1995 Youth Competency Program 
Total U. S. Department of Labor 
Federal Emergency Management Agency Through Office of the Governor Disaster Assistance 
 
CFDA NUMBER 
 
AWARDS IN PERIOD 
 
FEDERAL FUNDS RECEIVED IN PERIOD (NET OF REFUNDS) 
 
FEDERAL REVENUE IN PERIOD 
 
EXPENDITURES IN PERIOD 
 
17.250 17.250 
 
$ 
 
-360.00 
 
5,677.80 
 
17.250 $ 17.250 17.250 
$ 
 
16,028.00 39,405.00 41,307.00 
96,740.00 $ 
 
5,584.32 $ 25,653.21 36,555.33 $ 
 
13.830.31 $ 16,103.21 34,109.43 
64,042.95 $ 
 
14,752.48 (3) 16,103.21 40 274.44 (3) 
71,130.13 
 
83.516 $ 
 
4,977.80 $ 
 
4,977.80 $ 
 
4,977.80 
 
(4) 
 
Total Federal Financial Assistance 
 
$ 2,932,254.63 $ 
 
Major Programs are identified by an asterisk (*) in front of the CFDA number. 
 
2,595,142.35 $ 2,754,660.98 $ 2,870,111.68 
 
(1) The amounts shown for the Food Distribution Program represents the Federally assigned value of nonmonetary assistance for donated commodities received and/or consumed by the system during the current fiscal year. 
(2) Expenditures for the School Breakfast Program were not maintained separately and are included in the 1995 National School Lunch Program 
(3) Expenditures for this program include State, and/or Local and Other Funds. Expenditures are not maintained by fund source. 
(4) Expenditures on this program were not maintained by fund source. 
 
See notes to the general purpose financial statements. 
 
- 29 - 
 
 MERIWETHER COUNTY BOARD OF EDUCATION CASH AND CASH EQUIVALENTS JUNE 30, 1995 
INTEREST BEARING ACCOUNTS 
Columbus Bank and Trust Company, Columbus, Georgia 
N. 0. W. Accounts (Variable) 
Farmers and Merchants Bank and Trust Company, Manchester, Georgia 
N. 0. W. Accounts (2.55%) 
 
SCHEDULE "2" 
$ 405,690.22 -255, 179.44 
$ 150,510.78 
 
See notes to the general purpose financial statements. - 30 - 
 
 MERIWETHER COUNTY BOARD OF EDUCATION INVESTMENTS JUNE 30, 1995 
INVESTMENT POOL 
State of Georgia, Office of Treasury and Fiscal Services Local Government Investment Pool (6.032%) 
 
SCHEDULE "3" $ 737,596.83 
 
See notes to the general purpose financial statements. - 31 - 
 
 t)(C\,.~~ 
fQ "3.)___, 
 
 MERIWETHER COUNTY BOARD OF EDUCATION ACCOUNTS RECEIVABLE JUNE 30. 1995 
 
SCHEDULE "4" 
 
Education, Georgia Department of Food Services School Breakfast Program National School Lunch Program Vocational Education State Funds Federal Funds Other State Programs At-Risk Summer School Program Lottery Programs Distant Learning Instructional Technology Safe Schools Grant ESEA - Chapter 1 Education of Deprived Children ESEA-Trtlell Eisenhower Mathematics and Science Education 
Meriwether County Tax Commissioner County Wide School Tax 
The Barn School Lost Books 
Walt Disney World Refund 
West Central Georgia Private Industry Council Job Training Partnership Act 
 
GOVERNMENTAL FUND TYPES 
 
SPECIAL 
 
GENERAL 
 
REVENUE 
 
FUND 
 
FUND 
 
TOTAL 
 
$ 
 
29,670.38 $ 
 
29,670.38 
 
9,310.02 
 
9,310.02 
 
$ 
 
4,571.00 
 
47,791.33 
 
4,571.00 47,791.33 
 
23,078.54 
 
23,078.54 
 
9,284.24 6,195.00 30,723.00 
 
9,284.24 6,195.00 30,723.00 
 
140,784.65 
 
140,784.65 
 
18,498.00 
 
18,498.00 
 
125,546.46 
 
125,546.46 
 
720.00 
 
720.00 
 
149.85 
 
149.85 
 
32,805.42 
 
32,805.42 
 
$ 201,857.18 $ 277,270.71 $ 479,127.89 
 
See notes to the general purpose financial statements. 
 
- 33 - 
 
 MERIWETHER COUNTY BOARD OF EDUCATION SCHEDULE OF STATE REVENUE YEAR ENDED JUNE 30. 1995 
 
SCHEDULE "5" 
 
AGENCY/FUNDING 
G.RANTS Education, Georgia Department of Quality Basic Education General and Career Education Programs Special Education Programs Remedial Education Program Media Center Programs Staff Development Programs Indirect Cost Pupil Transportation Regular Bus Replacement Special Instructional Assistance In-School Suspension School Counselors Grades 4 and 5 Mid-term Adjustment Local Fair Share Educational Equalization Funding Grant Food Services Vocational Education Other State Programs Alternative Programs At-Risk Summer School Program Family Connection Innovative Programs Mentor Teacher Program Preschool Handicapped Program Remedial Summer School Program Special Education Low Incidence Grant Lottery Programs Alternative School Program Distant Leaming Instructional Technology Media Center and library Equipment Pre-Kindergarten Program Safe Schools Grant Technology Installation 
OTHER Education, Georgia Department of Student Information System Project Office of the Governor Disaster Assistance 
 
GOVERNMENTAL FUND TYPES 
 
SPECIAL 
 
GENERAL 
 
REVENUE 
 
FUND 
 
FUND 
 
TOTAL 
 
$ 7,030,424.00 1,485,971.00 284,077.00 300,304.00 101,858.00 2,097,248.00 
594,973.00 183,853.00 397,735.00 104,658.00 
19,971.00 158,792.00 -1,066,774.00 1,143,840.00 
$ 8,889.97 
85,955.00 23,078.54 25,000.00 
3,100.00 4,370.00 48,587.00 11,221.46 14,283.00 
 
$ 7,030,424.00 1,485,971.00 284,077.00 300,304.00 101,858.00 2,097,248.00 
 
96,624.00 
 
594,973.00 183,853.00 397,735.00 104,658.00 19,971.00 158,792.00 -1,066,774.00 1,143,840.00 96,624.00 
8,889.97 
 
85,955.00 23,078.54 25,000.00 
3,100.00 4,370.00 48,587.00 11,221.46 14,283.00 
 
62,591.00 10,768.10 167,831.25 2,833.50 728,758.00 37,861.00 42,467.14 
 
62,591.00 10,768.10 167,831.25 2,833.50 728,758.00 37,861.00 42,467.14 
 
2,000.00 535.20 
 
2,000.00 535.20 
 
$ 13,063,950.17 $ 1,149,733.99 $ 14,213,684.16 
 
See notes to the general purpose financial statements. 
 
- 34 - 
 
 MERIWETHER COUNTY BOARD OF EDUCATION SCHEDULE OF LOCAL AND OTHER REVENUE YEAR ENDED JUNE 30, 1995 
 
SCHEDULE "6" 
 
Taxes County Wide School Tax Railroad Car Tax Real Estate Transfer Tax 
Other Compensation for Loss of Assets Donations Indirect Cost Special Revenue Fund Interest Earned Sales Adult Meals Breakfast and Lunches Other 
 
GOVERNMENTAL FUND TYPES 
 
SPECIAL 
 
GENERAL 
 
REVENUE 
 
FUND 
 
FUND 
 
TOTAL 
 
$ 4,001,370.43 20,637.35 9,712.30 
 
$ 4,001,370.43 20,637.35 9,712.30 
 
652.62 1,565.00 15,437.00 31,316.37 $ 
44,836.12 
 
8,855.32 
51,216.00 55,873.53 
392.92 
 
652.62 1,565.00 
15,437.00 40,171.69 
51,216.00 55,873.53 45,229.04 
 
$ 4,125,527.19 $ 116,337.77 $ 4,241,864.96 
 
See notes to the general purpose financial statements. - 35 - 
 
  MERIWETHER COUNTY BOARD OF EDUCATION SCHEDULE OF EXPENDITURES BY OBJECT GENERAL AND SPECIAL REVENUE FUNDS YEAR ENDED JUNE 30. 1995 
 
SCHEDULE '7" 
 
EXPENDITURES 
Operating Costs Salaries Employee Benefits Travel of Employees Professional and Technical Services Compensation and Travel of Board Members Water, Sewer and Cleaning Services Repair and Maintenance Services Rents Property Services Insurance Communications Commodity Hauling Shared Services Other Purchased Services Supplies Energy Food Usage Books, Textbooks and Periodicals Dues and Fees Interest Expense Federal Indirect Costs Other Expenditures 
Nonoperating Costs Principal and Interest Building and Building Improvements Equipment 
 
GENERAL FUND 
 
SPECIAL REVENUE 
FUND 
 
TOTAL 
 
$ 11,591,385.04 $ 1,534,945.28 $ 13,126,330.32 
 
2,475,858.38 
 
330,921.30 
 
2,806,779.68 
 
53,555.92 
 
40,676.82 
 
94,232.74 
 
120,243.46 
 
124,852.02 
 
245,095.48 
 
11,093.05 
 
11,093.05 
 
68,164.72 
 
2,790.00 
 
70,954.72 
 
113,842.17 
 
44,322.02 
 
158,164.19 
 
21,049.81 
 
120.00 
 
21,169.81 
 
50.00 
 
50.00 
 
82,271.00 
 
82,271.00 
 
39,201.81 
 
16,724.91 
 
55,926.72 
 
6,256.00 
 
6,256.00 
 
79,548.00 
 
17,714.00 
 
97,262.00 
 
28,377.47 
 
34,174.00 
 
62,551.47 
 
609,837.76 
 
404,471.17 
 
1,014,308.93 
 
641,538.95 
 
16,695.98 
 
658,234.93 
 
756,946.35 
 
756,946.35 
 
204,571.75 
 
29,725.26 
 
234,297.01 
 
29,648.90 
 
10,637.90 
 
40,286.80 
 
10,652.05 
 
10,652.05 
 
15,437.00 
 
15,437.00 
 
1,132.91 
 
2,887.38 
 
4,020.29 
 
71,159.96 289,634.00 626,499.79 
 
73,239.34 463,877.95 
 
144,399.30 289,634.00 1,090,377.74 
 
Total Expenditures 
 
$ 17,169,316.90 $ 3,927,414.68 $ 21,096,731.58 
 
See notes to the general purpose financial statements. - 37 - 
 
 MERIWETHER COUNTY BOARD OF EDUCATION SCHEDULE OF EXPENDITURES BY OBJECT LOTTERY PROGRAMS YEAR ENDED JUNE 30, 1995 
 
EXPENDITURES 
Operating Costs Salaries Employee Benefits Travel of Employees Repair and Maintenance Services Communications Other Purchased Services Supplies Books, Textbooks and Periodicals Dues and Fees Other Expenditures 
Nonoperating Costs Equipment 
 
ALTERNATIVE SCHOOL PROGRAM 
 
DISTANT LEARNING 
 
INSTRUCTIONAL TECHNOLOGY 
 
MEDIA CENTER AND 
LIBRARY EQUIPMENT 
 
$ 
 
572.00 
 
262.43 
 
101.32 $ 
 
$ 3,015.80 
 
607.85 
 
$ 
 
62,537.82 
 
13,474.35 
 
164,927.20 
 
2,225.60 
 
Total Expenditures 
 
$ 
 
14410.10 $ 
 
167 943.00 $ _ _ _2.,.8_33_.45_ 
 
See notes to the general purpose financial statements. 
 
- 38 - 
 
 SCHEDULE "8" 
 
PRE-KINDERGARTEN PROGRAM 
 
SAFE SCHOOLS 
GRANT 
 
TECHNOLOGY INSTALLATION 
 
TOTAL 
 
$ 
 
371,203.64 
 
$ 371,203.64 
 
84,733.23 
 
84,733.23 
 
11,076.74 
 
11,076.74 
 
$ 
 
3,160.00 
 
3,732.00 
 
2,281.68 
 
2,544.11 
 
3,493.00 
 
4,100.85 
 
54,284.80 
 
$ 
 
13,558.60 
 
70,960.52 
 
7,555.38 
 
7,555.38 
 
1,915.00 
 
1,915.00 
 
2,887.38 
 
2,887.38 
 
189,819.64 
 
34,701.00 
 
28,908.54 
 
496,594.15 
 
$ 
 
7291250.49 $ 
 
371861.00 $ 
 
42467.14 $ 1.057,303.00 
 
- 39 - 
 
 MERIWETHER COUNTY BOARD OF EDUCATION SCHEDULE OF EXPENDITURES BY OBJECT 
FIDUCIARY FUND TYPE - EXPENDABLE TRUST FUNDS YEAR ENDED JUNE 30, 1995 
 
SCHEDULE ''9" 
 
EXPENDITURES 
Operating Costs Unemployment Claims 
 
$ 
 
6,733.90 
 
See notes to the general purpose financial statements. - 40 - 
 
 MERIWETHER COUNTY BOARD OF EDUCATION ANALYSIS OF MINIMUM EXPENDITURE REQUIREMENTS - OVERALL 
GENERAL FUND - QUALITY BASIC EDUCATION PROGRAMS YEAR ENDED JUNE 30, 1995 
 
SCHEDULE "1 O" 
 
Minimum Expenditure Requirements (Total Allotment) Expenditures on Combined Program Basis 
Salaries Operations 
Less: 
Expenditures for Media Center Programs in Excess of Total Media Allotment 
Expenditures per Audit 
Amount of Underexpenditure for Total Allotment 
 
THIRTEEN WEIGHTED AND MEDIA CENTER 
PROGRAMS 
 
100% TEST FOR OPERATIONS PORTION OF THIRTEEN WEIGHTED PROGRAMS 
 
$ 9,259,568.00 $ 
 
328,208.00 
 
$ 11,639,640.83 544,943.04 $ _ _ _4_8.4...,_36_0...;..1-'--3 
$ 12,184,583.87 
 
-109,426.80 $ 12,075,157.07 
 
$ 
 
0.00 $ = = = = =0.0=0 
 
See notes to the general purpose financial statements. - 41 - 
 
 MERIWETHER COUNTY BOARD OF EQUCAIION 
AIW,YSIS OF MINIMUM EXPENDITURE REQUIREMENTS - BY pROGRAM 
GENERAL FUND - QUALITY BASIC EQUCAT!ON pROGRAMS VEAR ENQEP JUNE 30 1995 
 
Qa::IERAL ~ ~BEEB EDUCATION PROGRAMS 
Kindergarten M Grades1-3M 
SUb-Tclal - K-3 Graclea4-5M Grades6-8M Grades 9 - 12 M High School Labora1ories M Vocational Education Laboratories M 
Tctal General and Career Education Programs spECIAL EDUCATION PROGRAMS 
Regular Programs category I (1 category II M category Ill M catego1y IV M Sub-Total - Regular category V (Gilled) (1 Total Special Education Programs 
REMEDIAL EDUCATION PROGRAM M 
Total Thirteen Weighted Programs 
MEDIA CENTER PROGRAMS 
Salaries Operations 
Total Media Center Programs 
Total Thirteen Weighted and Media Center Programs 
STAFF DE\IELOPMENT PROGRAMS Cost d Instruction Prcreesional Dellelopment 
Total staff Dellelopment M Identifies Thirteen Weighted Programs. 
 
ALLOTMENTS FROM DEPARTMENT OF EDUCATION 
 
REQUIRED 
 
ORIGINAL 
 
% 
 
ORIGINAL 
 
MID-TERM 
 
$ 
 
674,241.00 
 
s 
 
s 606,816.90 
 
1,855,487.00 
 
1,669,938.30 
 
s s 2,529,728.00 90 
 
s 2,276,755.20 
 
849,011.00 90 
 
764,109.90 
 
1,602,238.00 90 
 
1,442,014.20 
 
205,038.00 90 
 
184,534.20 
 
1,307,803.00 90 
 
1, 1 n . 0 2 2 .10 
 
536,606.00 90 
 
482,945.40 
 
s 7,030,424.00 
 
s 6,327,381.60 $ 
 
34,716.00 34,716.00 
69,148.00 103,864.00 
 
$ 1,447,191.00 
 
$ 1,302,471.90 S 
 
54,928.00 
 
s 1,447,191.00 90 $ 1,302,471.90 $ 
 
38,780.00 90 
 
34,902.00 
 
$ 1,485,971.00 
 
$ 1,337,373.90 $ 
 
$ 
 
284,077.00 90 $ 
 
255,669.30 $ 
 
s 8,800,472.00 
 
s 7,920,424.80 $ 
 
54,928.00 
54,928.00 0.00 
158,792.00 
 
$ 
 
236,210.00 90 $ 
 
212,589.00 $ 
 
0.00 
 
64,094.00 90 
 
57,684.60 
 
$ 
 
300,304.00 
 
$ 
 
270,273.60 $ 
 
0.00 
 
$ 9,100, nG.00 
 
$ 8,190,698.40 $ 
 
158,792.00 
 
$ 
 
23,924.00 
 
$ 
 
23,924.00 $ 
 
0.00 
 
77,934.00 
 
77,934.00 
 
0.00 
 
s 
 
101,858.00 100 $ 
 
101,858.00 $ 
 
0.00 
 
See notes to the general purpose financial statements. 
 
- 42 - 
 
 SCHEDULE "11" 
 
TOTAL REQUIRED 
 
ACTUAL EXPENDITURES 
 
SALARIES 
 
OPERATIONS 
 
TOTAL 
 
AMOUNT OF UNDEREXPENDITURE 
FOR REQUIRED ALLOTMENT 
 
$ 
 
641,532.90 $ 
 
814,051.56 $ 
 
11,273.31 $ 
 
825,324.87 
 
1,669,938.30 
 
1,715,290.70 
 
49,698.13 
 
1,764,988.83 
 
$ 2,311,471.20 $ 2,529,342.26 $ 
 
s 60,971.44 $ 2,590,313.70 
 
0.00 
 
764,109.90 
 
1,026,097.04 
 
15,9TT.97 
 
1,042,075.01 
 
0.00 
 
1,442,014.20 
 
1,613,422.TT 
 
55,053.83 
 
1,668,476.60 
 
0.00 
 
184,534.20 
 
242,823.56 
 
31,309.17 
 
274,132.73 
 
0.00 
 
1,2416,170.70 
 
1,285,TT2.67 
 
197,090.74 
 
1,482,863.41 
 
0.00 
 
482,945.40 
 
511,432.39 
 
84,138.99 
 
595,571.38 
 
0.00 
 
$ 6,431,245.60 $ 7,208,890.69 $ 
 
s 444,542.14 
 
7,653,432.83 
 
$ 1,357,399.90 $ 
 
$ 471,325.30 996,594.90 234,272.47 
 
413.38 s 
6,406.21 16,625.83 
7,767.91 
 
413.38 477,731.51 1,013,220.73 242,040.38 
 
$ 1,357,399.90 $ 
 
s 1,702,192.67 
 
31,213.33 $ 1,733,406.00 
 
0.00 
 
34,902.00 
 
125,963.37 
 
4,826.14 
 
130,789.51 
 
0.00 
 
$ 1,392,301.90 $ 
 
s 1,828,156.04 
 
s 36,039.47 
 
1.864. 195.51 
 
$ 
 
255,669.30 $ 
 
253,446.21 $ 
 
3,778.52 s 
 
257,224.73 
 
0.00 
 
s 8,079,216.80 $ 
 
s 9,290,492.94 
 
s 484,360.13 
 
9,774,853.07 
 
s 
 
212,589.00 $ 
 
349,147.89 
 
s 
 
349,147.89 
 
0.00 
 
57,684.60 
 
s 
 
60,582.91 
 
60,582.91 
 
0.00 
 
$ 
 
270,273.60 $ 
 
349,147.89 $ 
 
60,582.91 $ 
 
409,730.80 
 
$ 8,349,490.40 S 9,639,640.83 $ 
 
544,943.04 $ 10 184,583.87 $ 
 
0.00 
 
$ 
 
23,924.00 
 
77,934.00 
 
s_ _1_01....8_58_.oo_ 
 
s 
 
349,147.89 $ 
 
349,147.89 
 
60,582.91 
 
60,582.91 
 
s 
 
409,730.80 $ 
 
409,730.80 s______o.o..o.. 
 
- 43 - 
 
 MERIWETHER COUNTY BOARD OF EDUCATION SCHEDULE OF COMPENSATION AND TRAVEL OF BOARD MEMBERS 
YEAR ENDED JUNE 30, 1995 
 
SCHEDULE 1z 
 
BOARD MEMBER ADDRESS 
Mr. Jerry F. Hicks, Chairman(*) P. 0. Box 192 Woodbury, Georgia 30293 
Mr. Joseph Alexander, Jr. (*) Route 1, Box 1810 Gay, Georgia 30218 
Mr. Thomas T. Jackson, Jr.(*) 43a Parkman Drive Manchester, Georgia 31816 
Mrs. Robin M. Mclnvale (*) 881 PhU Howe Road Manchester, Georgia 31816 
Mr. Ear1 H. Stokes, Jr. (*) P. 0. Box 188 Greenville, Georgia 30222 
 
COMPENSATION 
 
TRAVEL 
 
$ 
 
2,150.00 $ 
 
896.76 
 
2,150.00 
 
146.29 
 
1,950.00 
 
2,150.00 
 
1,650.00 
 
(*) Denotes Board Members Serving as of June 30, 1995 
 
$ 
 
10,050.00 $ ====1,0=43=.0=5 
 
See notes to the general purpose financial statements. 
 
- 44 - 
 
 SECTION II COMPLIANCE 
 
 CLAUDE L. VICKERS 
STATE AUDITOR 
(404) 656-2174 
 
DEPARTMENT OF AUDITS AND ACCOUNTS 
254 Washington Street, S.W., Suite 214 Atlanta, Georgia 30334-8400 
July 23, 1996 
 
Honorable Zell Miller, Governor Members ofthe General Assembly Members ofthe State Board ofEducation 
and Superintendent and Members ofthe Meriwether County Board ofEducation 
COMPLIANCE REPORT BASED ON AN AUDIT OF THE FINANCIAL STATEMENTS PERFORMED IN ACCORDANCE WITH GOVERNMENT AUDITING STANDARDS 
Ladies and Gentlemen: 
We have audited the general purpose financial statements ofthe Meriwether County Board ofEducation as ofand for the year ended June 30, 1995, and have issued our report thereon dated July 23, 1996. This report was qualified for various departures from generally accepted accounting principles, as identified in the auditor's report on the general purpose financial statements. 
We conducted our audit in accordance with generally accepted auditing standards and Government Auditing Standardi issued by the Comptroller General ofthe United States. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the general purpose financial statements are free of material misstatement. 
Compliance with laws, regulations, contracts, and grants applicable to the Meriwether County Board of Education is the responsibility ofthe Board's management. As part ofobtaining reasonable assurance about whether the general purpose financial statements are free of material misstatement, we performed tests of the Board's compliance with certain provisions oflaws, regulations, contracts, and grants. However, the objective of our audit of the financial statements was not to provide an opinion on overall compliance with such provisions. Accordingly, we do not express such an opinion. 
The results ofour tests disclosed no instances of noncompliance that are required to be reported herein under Government Auditing Standards. 
 
95CRL-10 
 
 This report is intended for the information of management, the Federal cognizant audit agency and other Federal grantor agencies. This restriction is not intended to limit the distribution of this report which is a matter ofpublic record. 
Respectfully submitted, 
ff'~~ 
Claude L. Vickers State Auditor 
CLV:dt 95CRL-10 
 
 CLAUDE L. VICKERS 
STATE AUDITOR 
(404) 656-2174 
 
DEPARTMENT OF AUDITS AND ACCOUNTS 
254 Washington Street, S.W., Suite 214 Atlanta, Georgia 30334-8400 
July 23, 1996 
 
Honorable Zell Miller, Governor Members of the General Assembly Members of the State Board ofEducation 
and Superintendent and Members ofthe Meriwether County Board ofEducation 
 
SINGLE AUDIT REPORT ON COMPLIANCE WITH THE GENERAL REQUIREMENTS APPLICABLE TO FEDERAL FINANCIAL ASSISTANCE PROGRAMS 
 
Ladies and Gentlemen: 
 
We have audited the general purpose financial statements of the Meriwether County Board ofEducation as ofand for the year ended June 30, 1995, and have issued our report thereon dated July 23, 1996. This report was qualified for various departures from generally accepted accounting principles, as identified in the auditor's report on the general purpose financial statements. 
 
We have applied procedures to test the Meriwether County Board of Education's compliance with the following requirements applicable to each of its Federal financial assistance programs, which are listed in the Schedule ofFederal Financial Assistance, for the year ended June 30, 1995: 
 
(1) Political Activity 
 
(5) Allowable Costs/Cost Principles 
 
(2) Civil Rights 
 
(6) Audit Follow-Up/Resolution 
 
(3) Cash Management 
 
(7) Administrative Requirements 
 
(4) Federal Financial Reports 
 
Our procedures were limited to the applicable procedures described in the Office ofManagement and Budget's "Compliance Supplement for Single Audits of State and Local Governments" and other additional procedures as deemed necessary. Our procedures were substantially less in scope than an audit, the objective of which is the expression of an opinion on the Board's compliance with the requirements listed in the preceding paragraph. Accordingly, we do not express such an opinion. 
 
95CRL-50 
 
 With respect to the items tested, the results of those procedures disclosed no material instances of noncompliance with the requirements listed in the second paragraph ofthis report. With respect to items not tested, nothing came to our attention that caused us to believe that the Meriwether County Board ofEducation had not complied, in all material respects, with those requirements. However, the results of our procedures disclosed an immaterial instance ofnoncompliance with those requirements, which is described in the Schedule ofFindings and Improper or Questioned Costs. 
This report is intended for the information of management, the Federal cognizant audit agency and other Federal grantor agencies. This restriction is not intended to limit the distribution of this report which is a matter of public record. 
Rex~ 
 
CLV:dt 95CRL-50 
 
Claude L. Vickers State Auditor 
 
 CLAUDE L. VICKERS 
STATE AUDITOR 
(404) 656-2174 
 
DEPARTMENT OF AUDITS AND ACCOUNTS 
254 Washington Street, S.W., Suite 214 Atlanta, Georgia 30334-8400 
July 23, 1996 
 
Honorable Zell Miller, Governor Members ofthe General Assembly Members of the State Board ofEducation 
and Superintendent and Members ofthe Meriwether County Board ofEducation 
 
SINGLE AUDIT OPINION ON COMPLIANCE WITH SPECIFIC REQUIREMENTS APPLICABLE TO MAJOR FEDERAL FINANCIAL ASSISTANCE PROGRAMS 
 
Ladies and Gentlemen: 
 
We have audited the general purpose financial statements ofthe Meriwether County Board ofEducation as ofand for the year ended June 30, 1995, and have issued our report thereon dated July 23, 1996. This report was qualified for various departures from generally accepted accounting principles, as identified in the auditor's report on the general purpose financial statements. 
 
We have also audited the Meriwether County Board of Education's compliance with the requirements governing: 
 
(1) Types of Services Allowed or Unallowed 
 
(5) Applicable Special Tests and Provisions 
 
(2) Eligibility 
(3) Matching, Level ofEffort, and/or Earmarking 
 
(6) Other Requirement Claims for Advances and Reimbursements 
 
(4) Reporting 
 
These requirements are applicable to the major Federal financial assistance programs, which are identified in the Schedule of Federal Financial Assistance, for the year ended June 30, 1995. The management of the Meriwether County Board of Education is responsible for the Board's compliance with those requirements. Our responsibility is to express an opinion on compliance with those requirements based on our audit. 
 
95CRL-80 
 
 We conducted our audit ofcompliance in accordance with generally accepted auditing standards; Government Auditing Standards, issued by the Comptroller General ofthe United States; and Office ofManagement and Budget (0MB) Circular A-128, "Audits of State and Local Governments". Those standards and 0MB Circular A-128 require that we plan and perform the audit to obtain reasonable assurance about whether material noncompliance with the requirements referred to above occurred. An audit includes examining, on a test basis, evidence about the Meriwether County Board ofEducation's compliance with those requirements. We believe that our audit provides a reasonable basis for our opinion. 
In our opinion, the Meriwether County Board of Education complied, in all material respects, with the requirements as disclosed in the second paragraph that are applicable to its major Federal financial assistance programs for the year ended June 30, 1995. 
This report is intended for the information of management, the Federal cognizant audit agency and other Federal grantor agencies. This restriction is not intended to limit the distribution of this report which is a matter of public record. 
Respectfully submitted, 
~ 
Claude L. Vickers State Auditor 
CLV:dt 95CRL-80 
 
 CLAUDE L. VICKERS 
STATE AUDITOR 
(404) 656-2174 
 
DEPARTMENT OF AUDITS AND ACCOUNTS 
254 Washington Street, S.W., Suite 214 Atlanta, Georgia 30334-8400 
July 23, 1996 
 
Honorable Zell Miller, Governor Members ofthe General Assembly Members ofthe State Board ofEducation 
and Superintendent and Members ofthe Meriwether County Board ofEducation 
 
SINGLE AUDIT REPORT ON COMPLIANCE WITH SPECIFIC REQUIREMENTS APPLICABLE TO NONMAJOR FEDERAL FINANCIAL ASSISTANCE PROGRAM TRANSACTIONS 
 
Ladies and Gentlemen: 
 
We have audited the general purpose financial statements of the Meriwether County Board ofEducation as ofand for the year ended June 30, 1995, and have issued our report thereon dated July 23, 1996. This report was qualified for various departures from generally accepted accounting principles, as identified in the auditor's report on the general purpose financial statements. 
 
In connection with our audit of the fiscal year 1995 general purpose financial statements of the Meriwether County Board ofEducation and with our consideration of the Board's control structure used to administer Federal financial assistance programs, as required by Office ofManagement and Budget (0MB) Circular A128, "Audits ofState and Local Governments", we selected certain transactions applicable to certain nonmajor Federal financial assistance programs for the year ended June 30, 1995. As required by 0MB Circular A-128, we have performed auditing procedures on the selected transactions to test compliance with the requirements governing: 
 
(1) Types of Services Allowed or Unallowed 
 
(2) Eligibility 
 
Our procedures were substantially less in scope than an audit, the objective ofwhich is the expression of an opinion on the Meriwether County Board ofEducation's compliance with these requirements. Accordingly, we do not express such an opinion. 
 
With respect to the items tested, the results of those procedures disclosed no material instances of noncompliance with the requirements listed in the second paragraph. With respect to items not tested, nothing came to our attention that caused us to believe that the Meriwether County Board of Education had not complied, in all material respects, with those requirements. 
 
95CRL-120 
 
 This report is intended for the information of management, the Federal cognizant audit agency and other Federal grantor agencies. This restriction is not intended to limit the distribution of this report which is a matter ofpublic record. 
Respectfully submitted, 
~ 
Claude L. Vickers State Auditor 
CLV:dt 95CRL-120 
 
 SECTION ill INTERNAL CONTROL 
 
 CLAUDE L. VICKERS 
STATE AUDITOR 
(404) 656-2174 
 
DEPARTMENT OF AUDITS AND ACCOUNTS 
254 Washington Street, S.W., Suite 214 Atlanta, Georgia 30334-8400 
July 23, 1996 
 
Honorable Zell Miller, Governor Members of the General Assembly Members of the State Board ofEducation 
and Superintendent and Members of the Meriwether County Board ofEducation 
REPORT ON INTERNAL CONTROL STRUCTURE IN ACCORDANCE WITH GOVERNMENT AUDITING STANDARDS 
Ladies and Gentlemen: 
We have audited the general purpose financial statements of the Meriwether County Board ofEducation as ofand for the year ended June 30, 1995, and have issued our report thereon dated July 23, 1996. This report was qualified for various departures from generally accepted accounting principles, as identified in the auditor's report on the general purpose financial statements. 
We conducted our audit in accordance with generally accepted auditing standards, and Government Auditing Standards, issued by the Comptroller General of the United States. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the general purpose financial statements are free of material misstatement. 
The management ofthe Meriwether County Board ofEducation is responsible for establishing and maintaining an internal control structure. In fulfilling this responsibility, estimates and judgments by management are required to assess the expected benefits and related costs ofinternal control structure policies and procedures. The objectives ofan internal control structure are to provide management with reasonable, but not absolute, assurance that assets are safeguarded against loss from unauthorized use or disposition, and that transactions are executed in accordance with management's authorization and recorded properly to permit the preparation ofgeneral purpose financial statements in accordance with generally accepted accounting principles. Because ofinherent limitations in any internal control structure, errors or irregularities may nevertheless occur and not be detected. Also, projection of any evaluation of the structure to future periods is subject to risk that procedures may become inadequate because of changes in conditions or that the effectiveness of the design and operation of policies and procedures may deteriorate. 
 
95ICL-3 
 
 In planning and performing our audit ofthe general purpose financial statements of the Meriwether County Board ofEducation for the year ended June 30, 1995, we obtained an understanding of the internal control structure. With respect to the internal control structure, we obtained an understanding of the design of relevant policies and procedures and whether they have been placed in operation, and we assessed control risk in order to determine our auditing procedures for the purpose of expressing our opinion on the general purpose financial statements and not to provide an opinion on the internal control structure. Accordingly, we do not express such an opinion. 
We noted certain matters involving the internal control structure and its operation that we consider to be reportable conditions under standards established by the American Institute of Certified Public Accountants. Reportable conditions involve matters coming to our attention relating to significant deficiencies in the design or operation of the internal control structure that, in our judgment, could adversely affect the entity's ability to record, process, summarize, and report financial data consistent with the assertions of management in the general purpose :financial statements. 
As described in the Schedule ofFindings and Improper or Questioned Costs, reportable conditions were noted in the following control categories: 
(1) Accounting Controls (Overall) 
(2) General Ledger 
(3) General Fixed Assets 
A material weakness is a reportable condition in which the design or operation of one or more of the internal control structure elements does not reduce to a relatively low level the risk that errors or irregularities in amounts that would be material in relation to the general purpose financial statements being audited may occur and not be detected within a timely period by employees in the normal course of performing their assigned functions. 
Our consideration of the internal control structure would not necessarily disclose all matters in the internal control structure that might be reportable conditions and, accordingly, would not necessarily disclose all reportable conditions that are also considered to be material weaknesses as defined above. However, we believe that the reportable conditions disclosed above are also considered to be material weaknesses. 
These conditions were considered in determining the nature, timing, and extent of the procedures to be performed in our audit of the Meriwether County Board of Education's financial statements and this report does not affect our report thereon dated July 23, 1996. 
95ICL-3 
 
 This report is intended for the information of management, the Federal cognizant audit agency and other Federal grantor agencies. This restriction is not intended to limit the distribution of this report which is a matter of public record. 
Respectfully submitted, 
L~ 
Claude L. Vickers State Auditor 
CLV:dt 95ICL-3 
 
 CLAUDE L. VICKERS 
STATE AUDITOR 
(404) 656-2174 
 
DEPARTMENT OF AUDITS AND ACCOUNTS 
254 Washington Street, S.W., Suite 214 Atlanta, Georgia 30334-8400 
July 23, 1996 
 
Honorable Zell Miller, Governor Members ofthe General Assembly Members ofthe State Board ofEducation 
and Superintendent and Members ofthe Meriwether County Board ofEducation 
SINGLE AUDIT REPORT ON THE INTERNAL CONTROL STRUCTURE USED IN ADMINISTERING FEDERAL FINANCIAL ASSISTANCE PROGRAMS 
Ladies and Gentlemen: 
We have audited the general purpose financial statements of the Meriwether County Board ofEducation as ofand for the year ended June 30, 1995, and have issued our report thereon dated July 23, 1996. This report was qualified for various departures from generally accepted accounting principles, as identified in the auditor's report on the general purpose financial statements. We have also audited the Meriwether County Board of Education's compliance with requirements applicable to major Federal financial assistance programs and have issued our opinion thereon dated July 23, 1996. 
We conducted our audit in accordance with generally accepted auditing standards; Government Auditing Standards, issued by the Comptroller General of the United States; and the provisions of Office of Management and Budget (0MB) Circular A-128, "Audits of State and Local Governments". Those standards and 0MB Circular A-128 require that we plan and perform the audit to obtain reasonable assurance about whether the general purpose financial statements are free of material misstatement and about whether the Meriwether County Board ofEducation complied with laws and regulations, noncompliance with which would be material to a major Federal financial assistance program. 
In planning and performing our audit for the year ended June 30, 1995, we considered the Board's internal control structure in order to determine our auditing procedures for the purpose of expressing our opinions on the Board's general purpose financial statements and on its compliance with requirements applicable to major Federal financial assistance programs and to report on the internal control structure in accordance with 0MB Circular A-128. This report addresses our consideration of internal control structure policies and procedures relevant to compliance with requirements applicable to Federal financial assistance programs. We have addressed internal control structure policies and procedures relevant to our audit of the general purpose financial statements in a separate report dated July 23, 1996. 
95ICL-7 
 
 The management ofthe Meriwether County Board ofEducation is responsible for establishing and maintaining an internal control structure. In fulfilling this responsibility, estimates and judgments by management are required to assess the expected benefits and related costs ofinternal control structure policies and procedures. The objectives ofan internal control structure are to provide management with reasonable, but not absolute, assurance that, assets are safeguarded against loss from unauthorized use or disposition, that transactions are executed in accordance with management's authorization and recorded properly to permit the preparation of general purpose financial statements in accordance with generally accepted accounting principles, and that Federal financial assistance programs are managed in compliance with applicable laws and regulations. Because of inherent limitations in any internal control structure, errors, irregularities, or instances of noncompliance may nevertheless occur and not be detected. Also, projection ofany evaluation of the structure to future periods is subject to the risk that procedures may become inadequate because of changes in conditions or that the effectiveness of the design and operation of policies and procedures may deteriorate. 
 
For the purpose of this report, we have classified the significant internal control structure policies and procedures used in administering Federal financial assistance programs in the following control categories: 
 
GENERAL REQUIREMENTS 
 
SPECIFIC REQUIREMENTS 
 
(I) Political Activity (2) Civil Rights (3) Cash Management (4) Federal Financial Reports 
 
(I) Types of Services Allowed or Unallowed 
(2) Eligibility 
(3) Matching, Level ofEffort, and/or Earmarking 
 
(5) Allowable Costs/Cost Principles 
 
(4) Reporting 
 
(6) Audit Follow-Up/Resolution (7) Administrative Requirements 
 
(5) Applicable Special Tests and Provisions 
(6) Other Requirement Claims for Advances and Reimbursements 
 
For all of the internal control structure categories listed above, we obtained an understanding of the design of relevant policies and procedures and determined whether they have been placed in operation, and we assessed control risk. 
 
During the year ended June 30, 1995, the Meriwether County Board ofEducation expended 78% of its total Federal financial assistance under major Federal financial assistance programs. 
 
We performed tests of controls, as required by 0MB Circular A-128, to evaluate the effectiveness of the design and operation of internal control structure policies and procedures that we considered relevant to preventing or detecting material noncompliance with general requirements and specific requirements as 
 
95ICL-7 
 
 described above that are applicable to each of the Board's major Federal financial assistance programs, which are identified in the Schedule ofFederal Financial Assistance. Our procedures were less in scope than would be necessary to render an opinion on these internal control structure policies and procedures. Accordingly, we do not express such an opinion. 
We noted certain matters involving the internal control structure and its operation that we consider to be reportable conditions under standards established by the American Institute of Certified Public Accountants. Reportable conditions involve matters coming to our attention relating to significant deficiencies in the design or operation ofthe internal control structure that, in our judgment, could adversely affect the Board's ability to administer Federal financial assistance programs in accordance with applicable laws and regulations. 
As described in the Schedule ofFindings and Improper or Questioned Costs, reportable conditions were noted in the following control category: 
Administrative Requirements 
A material weakness is a reportable condition in which the design or operation of one or more of the internal control structure elements does not reduce to a relatively low level the risk that noncompliance with laws and regulations that would be material to a Federal financial assistance program may occur and not be detected within a timely period by employees in the normal course of performing their assigned functions. 
Our consideration of the internal control structure policies and procedures used in administering Federal financial assistance would not necessarily disclose all matters in the internal control structure that might be reportable conditions and, accordingly, would not necessarily disclose all reportable conditions that are also considered to be material weaknesses as defined above. However, we believe that the reportable conditions described above are also considered to be material weaknesses. 
These conditions were considered in determining the nature, timing, and extent of the procedures to be performed in our audit of the Meriwether County Board of Education's compliance with requirements applicable to its major Federal financial assistance programs for the year ended June 30, 1995, and this report does not affect our report thereon dated July 23, 1996. 
This report is intended for the information of management, the Federal cognizant audit agency and other Federal grantor agencies and should not be used for any other purpose. This restriction is not intended to limit the distribution ofthis report which is a matter of public record. 
 
CLV:dt 95ICL-7 
 
Claude L. Vickers State Auditor 
 
 SECTION IV FINDINGS AND IMPROPER OR QUESTIONED COSTS 
 
 MERIWETHER COUNTY BOARD OF EDUCATION SCHEDULE OF FINDINGS AND IMPROPER OR QUESTIONED COSTS 
YEAR ENDED JUNE 30, 1995 
PRIOR YEAR 
AUDIT FOLLOW-UP/RESOLUTION Failure to Meet Expenditure Requirements Financial Statements Amount: $17,906.12 Audit Control Number 6991-93-04 
The audit report for the year ended June 30, 1993, reported that the Board had an underexpenditure of Quality Basic Education (QBE) funds of$17,906.12 for the StaffDevelopment - Professional Development Program. For the year under review, no adjustment was made to the Board's local fair share by the Georgia Department of Education to refund this underexpenditure as required. The underexpenditure of $17,906.12 should be returned to the Georgia Department ofEducation through an increase in the Board's local fair share for the QBE programs in a subsequent fiscal period. 
AUDIT FOLLOW-UP/RESOLUTION Failure to Meet Expenditure Requirements Financial Statements Amount: $74,270.54 Audit Control Number 6991-94-02 
The audit report for the year ended June 30, 1994, reported that the Board had an underexpenditure of Quality Basic Education (QBE) funds of$74,270.54 for the Staff Development - Professional Development Stipends Program. For the year under review, no adjustment was made to the Board's local fair share by the Georgia Department ofEducation to refund this underexpenditure as required. The underexpenditure of$74,270.54 should be returned to the Georgia Department ofEducation through an increase in the Board's local fair share for the QBE programs in a subsequent fiscal period. 
AUDIT FOLLOW-UP/RESOLUTION Inadequate Financial Records Federal Financial Assistance Amount: $687.99 Audit Control Number 6991-94-05 
The audit report for the year ended June 30, 1994, stated that a comparison of the Board's project completion report for the Elementary and Secondary Education Act; Chapter 2, 1994 Regular Program (CFDA 84.151) to the accounting records revealed that the project completion report was not supported by total expenditures recorded for this program resulting in an unexpended of $687.99 which should be refunded to the Georgia Department ofEducation. 
- 1- 
 
 MERIWETHER COUNTY BOARD OF EDUCATION SCHEDULE OF FINDINGS AND IMPROPER OR QUESTIONED COSTS 
YEAR ENDED JUNE 30, 1995 
PRIOR YEAR 
AUDIT FOLLOW-UP/RESOLUTION Audit Distribution Requirements Federal Financial Assistance Finding Resolved Audit Control Number 6991-94-06 
The audit report for the year ended June 30, 1994, reported that the Board failed to submit a copy of the 1993 audit report to the Griffin Regional Educational Service Agency from whom the Board received Job Training Partnership Act Funds (CFDA 17.250). During the year under review, the Board submitted a copy of the 1993 audit report as required. 
PRIOR YEAR/CURRENT YEAR 
GENERAL FIXED ASSETS Failure to Maintain General Fixed Assets Account Group Financial Statements Reportable Condition - Material Weakness Audit Control Number 6991-93-02 
The audit report for the year ended June 30, 1994, noted that the management of the Meriwether County Board ofEducation had chosen not to maintain a system-wide General Fixed Assets Account Group within the formal accounting records as required by generally accepted accounting principles. In the year under review, the Board did not establish a General Fixed Assets Account Group within the formal accounting 
records. This condition results in the general purpose financial statements ofthe Board being incomplete and not in accordance with generally accepted accounting principles. Appropriate action should be taken by the 
Board to establish accounting controls and procedures to provide for maintenance of a General Fixed Assets Account Group. These subsidiary records should include an inventory ofland, buildings and equipment owned by the Board and should include, but may not be limited to, date acquired, acquisition cost, estimated replacement cost, location and description. Detailed records should be maintained of all additions and deletions to the General Fixed Assets Account Group. 
ACCOUNTING CONTROLS (OVERALL) - Financial Statements ADMINISTRATIVE REQUIREMENTS - Federal Financial Assistance Inadequate Separation ofDuties Reportable Condition - Material Weakness Audit Control Number 6991-94-01 
The audit report for the year ended June 30, 1994, stated that the Board did not provide for adequate separation of employee duties in the performance ofaccounting functions and related procedures. For the year under review, the Board made some improvements regarding separation of employee duties for the School Food Services Fund, but still did not achieve an adequate degree of internal control. This deficiency was a result of management's decision to limit the number of administrative staff made responsible for accounting 
-2- 
 
 MERIWETHER COUNTY BOARD OF EDUCATION SCHEDULE OF FINDINGS AND IMPROPER OR QUESTIONED COSTS 
YEAR ENDED JUNE 30, 1995 
PRIOR YEAR/CURRENT YEAR 
ACCOUNTING CONTROLS (OVERALL) - Financial Statements ADMINISTRATIVE REQUIREMENTS - Federal Financial Assistance Inadequate Separation ofDuties Reportable Condition - Material Weakness Audit Control Number 6991-94-01 
functions. Management should periodically review this decision to determine if employee duties can be reassigned to achieve a higher degree of internal control with existing staff. 
Note: All Federal financial assistance programs reflected on the schedule of Federal Financial Assistance, "Schedule l" ofthis report are affected by this finding. 
EXPENDITURES/LIABILITIES/DISBURSEMENTS Equipment Improperly Loaned or Unlocated Financial Statements Nonmaterial Noncompliance .Audit Control Number 6991-94-03 
The audit report for the year ended June 30, 1994, stated that a review oflottery equipment records revealed that extensive audit procedures were necessary to locate five items with cost totaling $1,456.00 for observation and six items did not have the correct serial number or property number. During the year under review, three of the five items that were initially unlocated in the prior year could still not be located. The Meriwether County Board of Education's Policy Manual, Section EC-B, issued September 10, 1985 states, "No equipment shall be loaned without written authorization from the administrator in charge". This policy was not observed by Board personnel. The Board should implement procedures to ensure that all equipment is properly accounted for and maintained. 
GENERAL LEDGER - Financial Statements ADMINISTRATIVE REQUIREMENTS -Federal Financial Assistance Inadequate Accounting Procedures Reportable Condition - Material Weakness Audit Control Number 6991-94-04 
The audit report for the year ended June 30, 1994, stated that the Board's accounting procedures were insufficient to provide for adequate internal control over the journal entry process. The following deficiencies continued to exist during the year under review: 
(1) Journal entries were not supported by adequate documentation or descriptions. 
(2) Journal entries were made to the accounting records without proper authorization. 
-3- 
 
 MERIWETHER COUNTY BOARD OF EDUCATION SCHEDULE OF FINDINGS AND IMPROPER OR QUESTIONED COSTS 
YEAR ENDED JUNE 30, 1995 
 
PRIOR YEAR/CURRENT YEAR 
 
GENERAL LEDGER - Financial Statements ADMINISTRATIVE REQUIREMENTS - Federal Financial Assistance Inadequate Accounting Procedures Reportable Condition - Material Weakness Audit Control Number 6991-94-04 
 
These conditions were a result ofmanagement's failure to adequately control the journal entry process. These deficiencies in accounting procedures were discussed with the Superintendent and accounting personnel ofthe Board were given instructions in the proper accounting procedures for journal entries which include the necessity of all journal entries being properly approved and documented prior to entry into the accounting  system. 
 
CURRENT YEAR 
 
GENERAL LEDGER 
 
Failure to File Accurate Completion Report/Unearned Lottery Funds 
 
Financial Statements 
 
Nonmaterial Noncompliance 
 
Amount: $53.18 
 
\ 
 
Audit Control Number 6991-95-01 
 
An examination of the Board's compliance with regulations for the Lottery Program - Alternative School Program, revealed that the Board failed to file an accurate completion report for this program as required by guidelines established by the Georgia Department ofEducation. A review ofthe Board's accounting records revealed that the completion report was not supported by the total expenditures recorded for this program as indicated below: 
 
Actual Program Expenditures 
 
Expenditures Per Completion Report 
 
$62,537.82 
 
$62,591 00 
 
These deficiencies occurred because management neglected the specific limitations imposed upon the Board by the Georgia Department of Education. Appropriate procedures should be implemented by the Board to ensure that accurate completion reports are submitted and that all unearned lottery funds are refunded. The Board should submit a corrected Lottery Programs Completion Report to the Georgia Department of Education. The Georgia Department ofEducation should review this matter to determine if a reclaim of funds is appropriate. 
 
. i 
 
-4- 
 
 MERIWETHER COUNTY BOARD OF EDUCATION SCHEDULE OF FINDINGS AND IMPROPER OR QUESTIONED COSTS 
YEAR ENDED JUNE 30, 1995 
CURRENT YEAR REPORTING Failure to File Reports Within Required Time Period Financial Statements Nonmaterial Noncompliance Audit Control Number 6991-95-02 An examination of the Board's compliance with regulations for the Lottery Program; Pre-Kindergarten Program, revealed that the Board failed to file a final completion report for this program within the required time period. This condition occurred because management failed to ensure timely submission of reports. The Board should establish procedures to ensure that reports are submitted on a timely basis as required. ADMINISTRATIVE REQUIREMENTS Inadequate Accounting Records Federal Financial Assistance Nonmaterial Noncompliance Audit Control Number 6991-95-03 Accounting records of the Elementary and Secondary Education Act; Title II, Eisenhower Mathematics and Science Education Program (CFDA 84.164) were not maintained on an individual project basis. Extensive audit procedures were necessary to separate current year expenditures by project. Each project in this program requires a separate budget and project completion report. Management stated they were unaware ofthis requirement. Although total expenditures on the accounting records did agree with total expenditures reported on all project completion reports, accounting records should be adequately segregated to ensure identification of revenues and expenditures on a project-by-project basis. 
Note: The Meriwether County Board of Education was provided an opportunity to include pertinent comments from the Board's management concerning these audit findings, conclusions and recommendations. The Board has elected not to provide comments for inclusion in this report. 
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