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'~ " I ". : .. -' ", 'r' WHEELER COUNTY BOARD OF EDUCATION - TABLE OF CONTENTS - SECTION I FINANCIAL INDEPENDENT AUDITOR'S COMBINED REPORT ON GENERAL-PURPOSE FINANCIAL STATEMENTS AND SUPPLEMENTARY INFORMAnON SCHEDULE OF EXPENDITURES OF FEDERAL AWARDS EXHmITS GENERAL-PURPOSE FINANCIAL STATEMENTS COMBINED STATEMENTS - OVERVIEW A COMBINED BALANCE SHEET ALL FUND TYPES 2 B COMBINED STATEMENT OF REVENUES, EXPENDITIJRES AND CHANGES IN FUND BALANCES ALL GOVERNMENTAL FUND TYPES 4 C COMBINED STATEMENT OF REVENUES, EXPENDITIJRES AND CHANGES IN FUND BALANCES - BUDGET AND ACTUAL (NON-GAAP BASIS) GENERAL AND SPECIAL REVENUE FUNDS 6 D NOTES TO THE GENERAL-PURPOSE FINANCIAL STATEMENTS 7 ADDmONAL FINANCIAL INFORMATION COMBINING AND INDNIDUAL FUND STATEMENTS SPECIAL REVENUE FUND E COMBINING BALANCE SHEET 16 F COMBINING STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES 18 CAPITAL PROJECTS FUND G COMBINING BALANCE SHEET 20 H COMBINING STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES 22 I FIDUCIARY FUND TYPE STATEMENT OF CHANGES IN ASSETS AND LIABILITIES AGENCY FUND 24 SCHEDULES 1 SCHEDULE OF EXPENDITURES OF FEDERAL AWARDS 25 2 SCHEDULE OF STATE REVENUE 27 3 SCHEDULE OF APPROVED LOCAL OPTION SALES TAX PROJECTS 29 WHEELER COUNTY BOARD OF EDUCATION -TABLEOFCONTENTS- SECTION I FINANCIAL ADDmONAL FINANCIAL INFORMATION SCHEDULES ALLOTMENTS AND EXPENDITURES GENERAL FUND - QUALITY BASIC EDUCATION PROGRAMS (QBE) 4 BY PROGRAM 30 5 BY SITE 31 SECTION II COMPLIANCE AND INTERNAL CONTROL REPORTS REPORT ON COMPLIANCE AND ON INTERNAL CONTROL OVER FINANCIAL REPORTING BASED ON AN AUDIT OF FINANCIAL STATEMENTS PERFORMED IN ACCORDANCE WITH GOVERNMENT AUDITING STANDARDS REPORT ON COMPLIANCE WITH REQUIREMENTS APPLICABLE TO EACH MAJOR PROGRAM AND ON INTERNAL CONTROL OVER COMPLIANCE IN ACCORDANCE WITH OMB CIRCULAR A-133 SECTION ill AUDITEE'S RESPONSE TO PRIOR YEAR FINDINGS AND QUESTIONED COSTS SUMMARY SCHEDULE OF PRIOR YEAR FINDINGS AND QUESTIONED COSTS SECTION IV FINDINGS AND QUESTIONED COSTS SCHEDULE OF FINDINGS AND QUESTIONED COSTS SECTIONI .. FINANCIAL RUSSELL W. HINTON STATE AUDITOR (404)656-2174 DEPARTMENT OF AUDITS AND ACCOUNTS w.. 254 Washington Street. S. Suite 214 A\lanta. Georgia 30334-8400 May 31,2002 Honorable Roy E. Barnes, Governor Members of the General Assembly Members of the State Board of Education and Superintendent and Members ofthe Wheeler County Board of Education INDEPENDENT AUDITOR'S COMBINED REPORT ON GENERAL-PURPOSE FINANCIAL STATEMENTS AND SUPPLEMENTARY INFORMATION SCHEDULE OF EXPENDITURES OF FEDERAL AWARDS Ladies and Gentlemen: We have audited the accompanying general-purpose financial statements of the Wheeler County Board of Education, as of and for the year ended June 30, 2001, as listed in the table of contents. These general-purpose financial statements are the responsibility of the Wheeler County Board of Education's management. Our responsibility is to express an opinion on these general-purpose financial statements based on our audit. We conducted our audit in accordance with auditing standards generally accepted in the United States ofAmerica and the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General ofthe United States. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free ofmaterial misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audit provides a reasonable basis for our OpIniOn. As described in the notes to the general-purpose financial statements, the Board of Education's financial statements have been prepared using certain accounting practices and policies which, in our opinion, vary in some respects from generally accepted accounting principles. These variances are described as follows: 2001ARL-13 The general-purpose financial statements of the Board of Education did not contain a General Fixed Assets Account Group to account for property and equipment owned by the Board of Education which should be included to conform to generally accepted accounting principles. School activity accounts maintained at the individual schools are not included in the general-purpose financial statements. To conform to generally accepted accounting principles, these accounts should be included in the general-purpose financial statements. The Board of Education did not recognize as expenditures, in the year ended June 30, 2001, a portion of salaries and the corresponding employer's cost of related benefits earned for contractual services completed prior to June 30,2001. Also funds received, subsequent to June 30, 2001, from the Georgia Department of Education for the State's share of these unrecorded salaries and related benefits were not recorded as revenue in the year under review. Conversely, the similar expenditures and related revenues for contractual services completed prior to June 30, 2000, were improperly recorded in the year ended June 30, 2001. To conform to generally accepted accounting principles, revenues should be recorded when available and measurable and expenditures should be recorded when incurred, rather than when funds are received or disbursed. The aggregate effects on the general-purpose financial statements of these variances or omissions have not been determined, but are believed to be material. 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 referred to above present fairly, in all material respects, the financial position of the Wheeler County Board of Education as ofJune 30, 2001, and the results ofits operations for the year then ended, in conformity with accounting principles generally accepted in the United States of America. In accordance with Government Auditing Standards, we have also issued our report dated May 31, 2002, on our consideration of the Wheeler County Board of Education's internal control over financial reporting and our tests of its compliance with certain provisions of laws, regulations, contracts and grants. That report is an integral part of an audit performed in accordance with Government Auditing Standards and should be read in conjunction with this report in considering the results of our audit. Our audit was performed for the purpose of forming an opinion on the general-purpose financial statements of the Wheeler County Board of Education taken as a whole. The accompanying combining and individual fund statements (Exhibits E through I) and the financial schedules (Schedules I through 5), which includes the Schedule ofExpenditures ofFederal Awards as required by U. S. Office of Management and Budget Circular A-133, Audits ofStates, Local Governments, and Non-Profit Organizations, are presented for purposes of additional analysis and are not a required part ofthe general-purpose financial statements. Such information has been subjected to the 2001ARL-13 auditing procedures applied in the audit of the general-purpose financial statements and in our opinion, except for the effects of the matters referred to in the third paragraph, such information is fairly stated, in all material respects, in relation to the general-purpose financial statements taken as a whole. A copy ofthis report has been filed as a permanent record in the office ofthe State Auditor and made available to the press ofthe State, as provided for by Official Code ofGeorgia Annotated Section 506-24. Respectfully submitted, ,,~~.~ Ru sell W. Hinton State Auditor RWH:gp 2001ARL-13 WHEELER COUNlY BOARD OF EDUCAnON WHEELER COUNTY BOARD OF EDUCATION COMBINED BALANCE SHEET ALL FUND TYPES JUNE 30, 2001 ASSETS Cash and Cash Equivalents Accounts Receivable Inventones Food Donated Commodities Purchased Food GOVERNMENTAL FUND SPECIAL GENERAL REVENUE FUND FUND $ 822,84833 158,56847 $ 266,82063 3,13983 1,17127 Total Assets $ 981,416 80 $ _..ciI27..1.a1;'.3.=17;,,;;.3.. LIABILITIES AND FUNP EQUITY LIABILITIES Cash Overdraft Accounts Payable Salanes Payable Expired Grant Balances Payable Deferred Revenue Funds Held for Others Total LIabilities FUND EQUITY Fund Balances Reserved For Continuation of Federal Programs For Inventories Food Donated Commodrues Purchased Food For SPLOST Projects For State Capital Outlay Projects Unreserved Undeslgnated Total Fund Equity Total Liabilities and Fund EqUity $ 3,283,95 $ 211,669,25 30,867,37 103,475,52 5,02011 40,289.13 $ 211,66925 $ 182,936.08 $ 3,13983 1,171.27 $ 769,747.55 83,884 55 $ 769,74755 $ 88,195,65 $ 981,41680 $ .......,;;2;,;,7.1.,:=.1.3..1...7=3= The notes to the general-purpose finanCIal statements are an Integral part of thiS statement -2- EXHIBIT "A" lYPES CAPITAL PROJECTS FUND FIDUCIARY FUNDlYPE AGENCY FUND TOTALS (Memorandum Only) JUNE 30, 2001 JUNE 30, 2000 $ 313,881.60 $ 1,136,729.93 $ 717,385.53 51,56836 $ 60,252.22 537,20968 445,131.28 3,139.83 1,17127 4,09560 558.34 $ 365,44996 $ 60,252.22 $ 1,678,25071 $ 1,167,17075 $ 31,066 10 $ 34,35005 1,84849 244,38511 $ 191,889.22 103,47552 69,880.71 5,02011 40,289.13 27,337.63 27,337.63 $ 60,252.22 $ 454,857.55 $ 261,76993 $ 330,189.96 35,26000 000 $ $ 365,449.96 $ $ 44,280.18 $ 0.00 000 $ 3,13983 1,171.27 330,189.96 35,260.00 853,63210 1,223,39316 $ 4,095.60 558.34 185,40191 671,064 79 905,400 82 $ 365,449.96 $ 60,25222 $ 1,678,250 71 $ 1,167,17075 -3- ---~=-------------------------- WHEELER COUNTY BOARD OF EDUCATION COMBINED STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES ALL GOVERNMENTAL FUND TYPES YEAR ENDED JUNE 30, 2001 REVENUES State Funds Federal Funds Taxes Other Funds Total Revenues EXPENDITURES Current Instruction Support Services Pupil Services Improvement of Instructional ServiceS Educational Media Services General Administration School Administration BUSiness Administration Maintenance and Operation of Plant Student TransportatIon Services Other Support Services Food Services Operation Capital Outlay Total Expenditures Excess of Revenues over (under) Expenditures OTHER FINANCING SOURCES (USES) Operating Transfers In Operating Transfers Out Total Other Financing Sources (Uses) Excess of Revenues and Other FinanCing Sources over (under) Expenditures and Other FinanCing Uses FUND BALANCE JULY 1 Food Inventory - Net Change In Period Donated Commodities Purchased Food GENERAL FUND SPECIAL REVENUE FUND $ 5,308,212,22 $ 289,088.91 21,38770 1,177,89370 1,009,753.99 284,96160 94,552.72 $ 6,624,31551 $ 1,561,535.33 $ 4,231,828,91 $ 230,07433 43,984.20 161,315,57 169,458,40 455,61091 188,044 60 528,964 06 400,05688 10,728,88 897,506.38 151,61484 5,709,24 46,47449 15,261.97 529,691.52 $ 6.420,06674 $ 1,646,258 44 $ 204,24877 $ -84,72311 $ 22,57647 $ -43,52264 $ -20,946 17 $ 39,707.64 39,70764 $ 183,302,60 $ -45,01547 586,444 95 133,553,96 -95577 612.93 FUND BALANCE JUNE 30 $ 769,74755 $-==--...8.8.=;,1.9..5,.;0;6.5.. The notes to the general-purpose finanCIal statements are an integral part of this statement -4- EXHIBIT"B" CAPITAL PROJECTS FUND TOTALS (Memorandum Only) YEAR ENDED JUNE 30, 2001 JUNE 30, 2000 $ 5,597,301.13 $ 5,278,76997 1,199,281.40 1,189,99049 $ 287,723.47 1,297,4n.46 1,049,502.77 379,514.32 335,611 51 $ 287,72347 $ 8.473,574.31 $ 7,853,87474 $ 5,129,335.29 $ 4,437,107.60 $ 111 ,490 42 381,689.17 49,69344 161,315.57 215,93289 455,610.91 203,306.57 528,964.06 400,056.88 10,728.88 529,691.52 111,49042 489,026.24 114,47471 169,746.55 240,97580 444,921.78 190,52318 423,276.08 489,019.82 96,850.81 471,73992 32,55100 $ 111 ,490.42 $ 8,177,815.60 $ 7,600,21349 $ 176,233.05 $ 295,75871 $ 253,661.25 $ 3,815.00 $ 66,09911 $ 13,67363 -43,52264 -13,67363 $ 3,81500 $ 22,57647 $ 000 $ 180,04805 $ 318,335.18 $ 253,661.25 185,401.91 905,400.82 654,56207 -955.77 61293 -2,611.81 -210.69 $ 365,44996 $ 1,223,393 16 $ _ .....9:;0.5.,..4..0.0....8..2.;e, -5- =~------------------------- WHEELER COUNTY BOARD OF EDUCATION COMBINED STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUNp BALANCES BUDGET ANp ACTUAL - (NON-GAAP BASIS) GENERAL AND SPECIAL REVENUE FUNDS YEAR ENDED JUNE 30, 2001 EXHIBIT"C" GENERAL FUND ACTUAL (BUDGET BUDGET BASIS) REVENUES State Funds Federal Funds Taxes Other Funds Total Revenues $ 5,092,589,00 $ 5,308,21222 19,638,00 21.387,70 781,368,00 1,009,753,99 211,000,00 284,96160 $ 6,104,595,00 $ 6,624,31551 EXPENDITURES Current Instruction Support SeMceS Pupil Services Improvement of Instructional Services Educational Media services General AdmlOistration School Administration Business AdmlOistralJon Maintenance and Operallon of Plant Student TransportatIon SeMceS Other Support Services Food serviceS Operation $ 4,043,201.00 $ 4,231,828 91 234,613,00 52,202,00 185,942.00 138,106,00 491,85500 129,741,00 431,462,00 386,199,00 13,351 00 230,07433 43,984 20 161,31557 169,45840 455,610,91 188,044 60 528,964 06 ..400,056 88 10,72888 Total expenditures $ 6,106,672 00 $ 6,420,066,74 Excess of Revenues over (under) Expenditures $ -2,077.00 $ 204,24877 OTHER FINANCING SOURCES (USES) Other Sources Other Uses Total Other FinanCing Sources (Uses) $ 22,576.47 -43,52264 $ -20,94617 Excess of Revenues and Other FinanCIng Sources over (under) Expendrtures and Other FinanCIng Uses $ FUND BALANCE JULY 1, 2000 Adjustments Food Inventory - Net Change In Period Donated Commodities Purchased Food -2,077 00 $ 424,67874 804 78 183,30260 586,444 95 FUND BALANCE JUNE 30, 2001 $ 423,406 52 $ 769,74755 SPECIAL REVENUE FUND ACTUAL (BUDGET BUDGET BASIS) $ 277,71800 $ 289,08891 985,577,00 1,177,893,70 98,69300 94,55272 $ 1,361,988 00 $ 1,561,53533 $ 736,605,00 $ 897,506,38 109,158.00 17,011,00 151,61484 5,709,24 59,343,00 46,474.49 13,128,00 11,750,00 15,261.97 8,96900 482,66500 529,691 52 $ 1,438,629 00 $ 1,646,258 44 $ -76,641,00 $ -84,72311 $ 39,707,64 $ 39,707.64 $ -76,641,00 $ -45,01547 247,515.95 133,553,96 -2,00643 -955.77 612,93 $ 168,868 52 $-==8~8~,1~9,;;;,5~65~ The notes to the general-purpose finanaal statements are an Integral part of this statement - 6- WHEELER COUNTY BOARD OF EDUCAnON EXHmIT "D" NOTES TO THE GENERAL-PURPOSE FINANCIAL STATEMENTS JUNE 30, iOOl Note 1: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES REPORTING ENTITY The Wheeler County Board of Education (School District) was established under the laws of the State of Georgia and operates under the guidance of a school board elected by the voters and a Superintendent appointed by the Board. The School District is organized as a separate legal entity and has the power to levy taxes and issue bonds. Its budget is not subject to approval by any other entity. Accordingly, the School District is a primary government and consists of all the organizations that compose its legal entity. FUND ACCOUNTING The School District uses funds to report on its financial position and the results of its 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. 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 School District. To conform to generally accepted accounting principles, a General Fixed Assets Account Group should be maintained for reporting the cost of assets acquired by governmental fund types. Although "school activity accounts" are maintained at the individual schools, neither the assets, liabilities and fund equity, nor the revenues, expenditures and changes in fund balances of these accounts are reflected in these financial statements. To conform to generally accepted accounting principles, these accounts should be recorded in the general-purpose financial statements. The general-purpose financial statements account for all State, Federal, Taxes and Other funds under control of the School District, in compliance with generally accepted accounting principles applicable to governmental units, unless otherwise disclosed in these notes. Funds presented in this report are as follows: GOVERNMENTAL FUND TYPES - are used to account for all or most of a School District's educational activities. Governmental Fund Types include: GENERAL FUND - the fund used to account for all financial resources of the School District except those required to be accounted for in another fund. These transactions relate to resources obtained and used for services provided by a board of education. SPECIAL REVENUE FUND - the fund used to account for the proceeds of specific revenue sources (other than for major capital projects) that are legally restricted to expenditures for specified purposes. These funds are received primarily from the Georgia Department of Education and from the Federal government to accomplish specific educational objectives. -7- WHEELER COUNTY BOARD OF EDUCATION EXHIBIT "0" NOTES TO THE GENERAL-PURPOSE FINANCIAL STATEMENTS JUNE 30. 2001 Note 1: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES CAPITAL PROJECTS FUND - the fund used to account for financial resources to be used for the acquisition or construction of major capital facilities. FIDUCIARY FUND TYPE - the fund 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. This fund includes: AGENCY FUND - the fund used to account for assets held in a fiduciary capacity for other funds, governments, or individuals. BASIS OF ACCOUNTING The accounting and financial reporting treatment applied to a fund is determined by its measurement focus. All governmental funds are accounted for using a current financial resources measurement focus. With this measurement focus, only current assets and current liabilities generally are included on the balance sheet. Operating statements ofthese funds present increases (i.e., revenues and other financing sources) and decreases (i.e., expenditures and other financing uses) in net current assets. Their reported fund balance is considered a measure of available spendable resources. Liabilities which are expected to be financed from available spendable resources are reported as liabilities in the governmental funds. Agency funds are purely custodial in nature and do not involve measurement ofresults ofoperations. Governmental funds are accounted for using the modified accrual basis ofaccounting under which: Revenues are recognized when susceptible to accrual (i.e., when they become both measurable and available). "Measurable" means the amount of the transaction can be determined and "available" means collectible within the current period or soon enough thereafter to be used to pay liabilities of the current period. The School District considers receivables collected within sixty days after yearend to be available and therefore susceptible to accrual. Nonexchange transactions, in which the School District gives (or receives) value without directly receiving (or giving) equal value in exchange, include property taxes, local option sales taxes, intergovernmental grants and donations. Revenue for property taxes is recognized in the fiscal year for which the taxes are levied. Revenue from sales taxes is recognized in the fiscal year the resources are received or susceptible to accrual. Revenue from grants and donations is recognized in the fiscal year in which all eligibility requirements have been satisfied. Expenditures are generally recognized when the related fund liability is incurred. A departure from the above definitions is the accounting treatment afforded the final two payments on General Fund teachers' and bus drivers' contracts, and the resources available from the Georgia Department of Education for the State's share of these contracts. During fiscal year 200 I, a -8- WHEELER COUNTY BOARD OF EDUCAnON EXHffiIT "0" NOTES TO THE GENERAL-PURPOSE FINANCIAL STATEMENTS JUNE 30. 2001 Note 1: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES substantial number ofpersonnel ofthe School District were employed for a one hundred and ninety day period beginning in August 2000 and ending in early June 2001. Personnel contracts for this employment period specify that compensation be paid in twelve equal monthly payments beginning in September 2000 and ending in August 2001. State grants to fund the State's share of these contracts were disbursed from the Georgia Department of Education to the School District in the same twelve months. As of June 30, 2001, compensation under these employment contracts had been earned, but two of the twelve monthly payments, due for July and August 2001, had not been made. Payments for these two months were made and recorded as expenditures by the School District subsequent to June 30,2001. Also, the State's portion ofthe compensation paid in July and August 2001 was received and recorded as revenue in the fiscal year subsequent to June 30, 2001. Conversely, the similar expenditures and related revenues for contractual services completed prior to June 30, 2000, were recorded in the year ended June 30, 2001. 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. Agency funds are accounted for using the modified accrual basis ofaccounting in recognizing assets and liabilities. BUDGET The Wheeler County Board of Education's budget is a complete financial plan for the School District's fiscal year and is based upon estimates of expenditures together with probable funding sources. There is no statutory prohibition regarding overexpenditure ofthe budget at any level. The budget for all governmental funds is prepared by fund, function and object. The legal level of budget control was established by the Board at the aggregate level. The budget for governmental funds was prepared on a basis other than generally accepted accounting principles. The budget process begins when the School District's administration prepares a tentative budget for the Board's approval. After approval ofthis tentative budget by the Board, such budget is advertised at least once in a newspaper ofgeneral circulation in the locality. At the next regular meeting ofthe Board after advertisement, the Board receives comments on the tentative budget, makes revisions as necessary and adopts a final school budget. This final budget is then subniitted, in accordance with provisions of the Quality Basic Education Act, OCGA Section 20-2-167(c), to the Georgia Department of Education. The Board may increase or decrease the budget at any time during the year. All unexpended budget authority lapses at fiscal year-end. CASH AND CASH EQUIVALENTS COMPOSITION OF DEPOSITS Cash and cash equivalents consist of cash on hand, demand deposits and short-term investments with original maturities of three months or less from the date of acquisition in authorized financial institutions. Georgia Laws OCGA 45-8-14 authorize the School District to deposit its funds in one or more solvent banks or insured Federal savings and loan associations. - 9- WHEELER COUNTY BOARD OF EDUCAnON EXHffiIT "D" NOTES TO THE GENERAL-PURPOSE FINANCIAL STATEMENTS JUNE 30. 2001 Note 1: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES RECEIVABLES Receivables consist of grant reimbursements due on Federal, State or other grants 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. PROPERTY TAXES The Wheeler County Board of Commissioners fixed the property tax levy for the 2000 tax year (calendar year) on November 27, 2000 (levy date). Taxes were due on March 12, 2001 (lien date). Taxes collected within the current fiscal year or within 60 days after year-end are reported as revenue in fiscal year 2001. The Wheeler County Tax Commissioner bills and collects the property taxes for the School District, withholds 2.5% oftaxes collected as a fee for tax collection and remits the balance of taxes collected to the School District. Property tax revenues during the fiscal year ended June 30, 2001 for maintenance and operations amounted to $997,217.44. The tax millage rate levied for the 2000 tax year (calendar year) for the Wheeler County Board of Education was as follows (a mill equals $1 per thousand dollars of assessed value): School Operations .12..Q mills SALES TAXES Special Purpose Local Option Sales Tax is to be used for capital outlay for educational purposes. Special Purpose Local Option Sales Tax revenue during the fiscal year amounted to $287,723.47 and was recorded in the Capital Projects Fund. The State will terminate collection of this tax once an additional $1,464,174.77 has been collected or on September 30, 2004, whichever occurs first. INVENTORIES FOOD INVENTORIES Inventories of donated food commodities used in the preparation of meals are reported on the Combined Balance Sheet at their Federally assigned value. Purchased foods inventories are reported on the Combined Balance Sheet at cost (first-in, first-out). Donated food commodities are recorded as .evenues and expenditures at the time commodity items are received. Purchased foods inventories are recorded as expenditures at the time ofpurchase. The inventories reported on the balance sheet for donated food commodities and for purchased foods are equally offset by reservations of fund balance which indicates that these amounts do not constitute "available spendable resources" even though they are a component of net current assets. - 10- ., ~ WHEELER COUNTY BOARD OF EDUCATION EXHffiIT "0" NOTES TO THE GENERAL-PURPOSE FINANCIAL STATEMENTS JUNE 30. 2001 Note 1: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES INTERFUND TRANSACTIONS The School District 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 fmancial analysis. Data in these columns do not present financial position or results ofoperations in confonnity 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 COLLATERALIZATION OF DEPOSITS Official Code of Georgia Annotated (OCGA) Section 45-8-12 provides that there shall not be on deposit at any time in any depository for a time longer than ten days a sum ofmoney which has not been secured by surety bond, by guarantee of insurance, or by collateral. The aggregate ofthe face value of such surety bond and the market value of securities pledged shall be equal to not less than 110 percent ofthe public funds being secured after the deduction ofthe amount ofdeposit insurance. Ifa depository elects the pooled method (OCGA 45-8-13.1) the aggregate ofthe market value ofthe securities pledged to secure a pool ofpublic funds shall be not less than 110 percent ofthe daily pool balance. OCGA Section 45-8-11 (b) provides an officer holding public funds may, in his discretion, waive the requirement for security in the case ofoperating funds placed in demand deposit checking accounts. Acceptable security for deposits consists of anyone of or any combination of the following: (1) Surety bond signed by a surety company duly qualified and authorized to transact business within the State of Georgia, (2) Insurance on accounts provided by the Federal Deposit Insurance Corporation, (3) Bonds, bills, notes, certificates of indebtedness or other direct obligations of the United States or of the State of Georgia, - 11 - --------------------------------- WHEELER COUNTY BOARD OF EDUCAnON EXHmIT "D" NOTES TO THE GENERAL-PURPOSE FINANCIAL STATEMENTS JUNE 30. 2001 Note 2: DEPOSITS (4) Bonds, bills, notes, certificates of indebtedness or other obligations of the counties or municipalities of the State of Georgia, (5) Bonds of any public authority created by the laws of the State of Georgia, providing that the statute that created the authority authorized the use of the bonds for this purpose, (6) Industrial revenue bonds and bonds of development authorities created by the laws of the State of Georgia, and (7) Bonds, bills, notes, certificates of indebtedness, or other obligations of a subsidiary corporation of the United States government, which are fully guaranteed by the United States government both as to principal and interest or debt obligations issued by the Federal Land Bank, the Federal Home Loan Bank, the Federal Intermediate Credit Bank, the Central Bank for Cooperatives, the Farm Credit Banks, the Federal Home Loan Mortgage Association, and the Federal National Mortgage Association. CATEGORIZATION OF DEPOSITS At June 30, 2001, the bank balances were $1,328,527.77. The amounts ofthe total bank balances are classified into three categories of credit risk: Category 1 - Cash that is insured (e.g., Federal depository insurance) or collateralized with securities held by the School District or by the School District's agent in the School District's name. Category 2 - Cash collateralized with securities held by the pledging financial institution's trust department or agent in the School District's name. Category 3 - Uncollateralized deposits. (This includes any bank balance that is collateralized with securities held by the pledging financial institution, or by its trust department or agent but not in the School District's name.) The School District's deposits are classified by risk category at June 30, 2001, as follows: Risk Category Bank Balance 1 $ 100,000.00 2 0.00 3 1.228.527.77 Total $ 1.328.527.77 - 12- WHEELER COUNTY BOARD OF EDUCATION EXHffiIT "D" NOTES TO THE GENERAL-PURPOSE FINANCIAL STATEMENTS JUNE 30. 2001 Note 3: NON-MONETARY TRANSACTIONS The School District receives food commodities from the United States Department of Agriculture (USDA) for school breakfast and lunch programs. These commodities are recorded at their Federally assigned value. See Note 1 - Inventories Note 4: RISK MANAGEMENT The School District is exposed to various risks of loss related to torts; theft of, damage to, and destruction ofassets; errors or omissions;job related illness or injuries to employees; natural disaster and unemployment compensation. The School District has obtained commercial insurance for risk ofloss associated with torts, assets and errors or omissions. The School District has neither significantly reduced coverage for these risks nor incurred losses (settlements) which exceeded the School District's insurance coverage in any of the past three years. The School District has elected to self-insure for all losses related to natural disaster. The School District has not experienced any losses related to this risk in the past three years. The School District is self-insured with regard to unemployment compensation claims. The School District accounts for claims within the General Fund with expenditure and liability being reported when it is probable that a loss has occurred, and the amount ofthat loss can be reasonably estimated. Changes in the unemployment compensation claims liability during the last two fiscal years are as follows: 2000 2001 Beginnmg of Year Liabtlity Claims and Changes in Estimates Claims Paid End of Year LIabilIty $ 0.00 $ 453.00 $ 0.00 $ 453.00 $ 453.00 $ 1.510.00 $ 1.963.00 $ 0.00 The School District participates in the Georgia Education Workers' Compensation Trust, a public entity risk pool organized on December 1, 1991, to develop, implement and administer a program of workers' compensation self-insurance for its member organizations. The School District pays an annual premium to the Trust for its general insurance coverage. Additional insurance coverage is provided through an agreement by the Trust with the United States Fidelity and Guaranty Company to provide coverage for potential losses sustained by the Trust in excess of $250,000.00 loss per occurrence, up to $2,000,000.00. The School District has purchased surety bonds to provide additional insurance coverage as follows: - 13- -------- WHEELER COUNlY BOARD OF EDUCAnON EXHmIT "D" NOTES TO THE GENERAL-PURPOSE FINANCIAL STATEMENTS JUNE 30. 2001 Note 4: RISK MANAGEMENT Position Covered Amount Superintendent Each Principal $ 50,000.00 $ 10,000.00 Note 5: ON-BEHALF PAYMENTS The School District has recognized revenues and expenditures in the amount of $130,863.87 for health insurance and retirement contributions paid on the School District's behalfby the following State Agencies. Georgia Department of Education Paid to the Georgia Department of Community Health For Health Insurance of Non-Certified Personnel In the amount of$116,989.45 Paid to the Teachers Retirement System of Georgia For Teachers Retirement System (TRS) Employer's Cost In the amount of $467.42 Office of Treasury and Fiscal Services Paid to the Public School Employees Retirement System For Public School Employees Retirement (PSERS) Employer's Cost In the amount of $13,407.00 Note 6: SIGNIFICANT COMMITMENTS The following is an analysis ofsignificant outstanding construction or renovation contracts executed by the School District as of June 30, 2001, together with funding available: Project Unearned Executed Contracts Funding Available From State 02LW/OIS-753-055 $ 443,825.00 $ 317.343.00 The amounts described in this note are not reflected in the general-purpose financial statements. - 14- WHEELER COUNfY BOARD OF EDUCATION EXHffiIT "D" NOTES TO THE GENERAL-PURPOSE FINANCIAL STATEMENTS JUNE 30. 2001 Note 7: 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 School District believes that such disallowances, if any, will be immaterial to its overall financial position. Note 8: RETIREMENT PLANS TEACHERS RETIREMENT SYSTEM OF GEORGIA (TRS) TRS PLAN DESCRIPTION Substantially all teachers, administrative and clerical personnel employed by local school districts are covered by the Teachers Retirement System ofGeorgia (TRS), which is a cost-sharing multiple employer defmed benefit pension plan. TRS provides service retirement, disability retirement and survivors benefits for its members in accordance with State statute. The Teachers Retirement System of Georgia issues a separate stand alone financial audit report and a copy can be obtained from the Georgia Department of Audits and Accounts. TRS CONTRIBUTIONS REQUIRED AND MADE Employees ofthe School District who are covered by TRS are required by State statute to contribute 5% of their gross earnings to TRS. The School District makes monthly employer contributions to TRS at rates adopted by the TRS Board of Trustees in accordance with State statute and as advised by their independent actuary. The required employer contribution rate is 11.29% and employer contributions for the current fiscal year and the preceding two fiscal years are as follows: Fiscal Year Percentage Contributed Required Contribution 2001 2000 1999 100% 100% 100% $ 505,084.87 $ 468,774.44 $ 461,689.14 - 15 - ------ ----------------------- WHEELER COUNTY BOARD OF EDUCATION COMBINING BALANCE SHEET SPECIAL REVENUE FUND JUNE 30, 2001 ASSETS Cash and Cash Equivalents Accounts Receivable Inventones Food Donated Commodities Purchased Food Total Assets SCHOOL FOOD SERVICES FUND LOTIERY PROGRAMS $ 114,685.79 $ 44,380.64 933.24 3,139.83 1,171.27 $ 119,930.13 $ ===-===44i:::i:!::,3=80=.6...4= LIABILITIES AND FUND EQUITY LIABILITIES Cash Overdraft Accounts Payable Salaries Payable Expired Grant Balances Payable Deferred Revenue Total Liabilities FUND EQUITY Fund Balances Reserved For Continuation Federal Programs For Inventories Food Donated Commodities Purchased Food Unreserved Undesignated Total Fund Equity Total Liabilities and Fund Equity See notes to the general-purpose financial statements. - 16- $ 4,369.88 $ 7,907.30 27,364.60 31,473.34 5,000.00 $ 31,734.48 $ 44,380.64 $ 3,139.83 1,171.27 83,884.55 $ $ 88,19565 $ 0.00 0.00 $ 119,930.13 $ ==.-44===:;,3.8.0.:=.64ii:::= EXHIBIT"E" FEDERAL PROGRAMS TOTALS JUNE 30, 2001 JUNE 30, 2000 $ 159,066.43 $ 117,617.71 $ 265,887.39 266,820.63 268,433.05 3,139.83 1,171.27 4,095.60 558.34 $ 265,887.39 $ 430,198.16 $ =====3=9..0.=,=,7=04::::',;,,;70= $ 162,350.38 $ 162,350.38 $ 21,775.11 18,590.19 30,867.37 168,169.92 44,637.58 103,475.52 67,205.71 20.11 5,020.11 40,289.13 40,289.13 $ 265,887.39 $ 342,002.51 $ 257,15074 $ 44,280.18 $ 3,139.83 1,171.27 4,095.60 558.34 $ 0.00 83,884.55 84,619.84 $ 0.00 $ 88,19565 $ 133,55396 $ 265,887.39 $ 430,198.16 $ =-=3..9.=0,!,;,,7=04"",;,,;70;;., - 17- WHEELER COUNTY BOARD OF EDUCATION COMBINING STATEMENT OF REVENUES. EXPENDITURES AND CHANGES IN FUND BALANCES SPECIAL REVENUE FUND YEAR ENDED JUNE 30. 2001 REVENUES State Funds Federal Funds Other Funds Total Revenues EXPENDITURES Current Instruction Support Services Pupil Services Improvement of Instructional Services Educational Media Services General Administration Business Administration Maintenance and Operation of Plant Other Support Services Food Services Operation Total Expenditures Excess of Revenues over (under) Expenditures OTHER FINANCING SOURCES Operating Transfers In Excess of Revenues and Other Financing Sources over (under) Expenditures FUND BALANCE JULY 1 Food Inventory - Net Change in Period Donated Commodities Purchased Food FUND BALANCE JUNE 30 SCHOOL FOOD SERVICES FUND LOTTERY PROGRAMS $ 34,888.00 $ 243,880.15 412,342.23 81,726.00 $ 528,956.23 $ 243,880.15 $ 210,926.00 54,179.48 5.00 3,215.34 15,261.97 $ 529,691.52 $ 529,691.52 $ 283,587.79 $ -735.29 $ -39,707.64 39,707.64 $ -735.29 $ 89,273.78 0.00 0.00 -955.77 612.93 $ 88,195.65 $==:::::=-:1=0.....=00= See notes to the general-purpose financial statements. - 18- EXHIBIT"F" FEDERAL PROGRAMS TOTALS YEAR ENDED JUNE 30, 2001 JUNE 30, 2000 $ 10,320.76 $ 289,088.91 $ 357,452.32 765,551.47 1,177,893.70 1,165,409.29 12,826.72 94,552.72 76,584.06 $ 788,698.95 $ 1,561,535.33 $ 1,599,445.67 $ 686,580.38 $ 897,506.38 $ 761,349.75 97,435.36 5,704.24 43,259.15 151,614.84 5,709.24 46,474.49 15,261.97 529,691.52 141,980.90 29,249.22 3,860.00 82,277.31 9,770.90 12,049.00 19,998.05 471,739.92 $ 832,979.13 $ 1,646,258.44 $ 1,532,275.05 $ -44,280.18 $ -84,723.11 $ 67,170.62 39,707.64 $ -44,280.18 $ -45,015.47 $ 67,170.62 44,280.18 133,553.96 69,205.84 -955.77 612.93 -2,611.81 -210.69 $ 0.00 $ 88,195 65 $ =-c=1=3=:3=,5=53...96ii:::= - 19- WHEELER COUNTY BOARD OF EDUCATION COMBINING BALANCE SHEET CAPITAL PROJECTS FUND JUNE 30, 2001 ASSETS Cash and Cash Equivalents Accounts Receivable REGULAR GEORGIA STATE FINANCING AND INVESTMENT COMMISSION $ 0.00 $ 35,260.00 Total Assets $ 0.00 $ =-=..:3;;;:;5~,2~60=,.0.0. ~ FUND EQUITY Fund Balances Reserved For SPLOST Projects For State Capital Outlay Projects Unreserved Undesignated $ 35,260.00 $ ----:0:.:,,0::.,:0::.,. 0.00 Total Fund Equity $ 0,00 $ ====-0::::::3;;;:;5"",2=60=.=:00,== See notes to the general-purpose financial statements. - 20- EXHIBIT"G" SPECIAL PURPOSE LOCAL OPTION SALES TAX TOTALS JUNE 30, 2001 JUNE 30, 2000 $ 278,621.60 $ 313,881.60 $ 138,829.47 51,568.36 51,568.36 46,572.44 $ 330,189.96 $ 365,449.96 $ ==1:.i8=5~.4=01...9=1.... $ 330,189.96 $ 330,189.96 $ 185.401.91 35,260.00 0.00 0.00 0.00 $ 330,189.96 $ 365,449.96 $ -=-=1..8.;;;;;,5""'.4.0...1.:.9...1.... - 21 - WHEELER COUNTY BOARD OF EDUCATION COMBINING STATEMENT OF REVENUES. EXPENDITURES AND CHANGES IN FUND BALANCES CAPITAL PROJECTS FUND YEAR ENDED JUNE 3D. 2001 REVENUES Taxes Other Funds Total Revenues EXPENDITURES Capital Outlay Building and Building Improvements Excess of Revenues over (under) Expenditures OTHER FINANCING SOURCES (USES) Operating Transfers In Operating Transfers Out Total Other Financing Sources (Uses) Excess of Revenues and Other Financing Sources over (under) Expenditures and Other Financing Uses FUND BALANCE JULY 1 REGULAR GEORGIA STATE FINANCING AND INVESTMENT COMMISSION $ 0.00 $ $ 0.00 $ 000 0.00 $ 3,815.00 $ $ -3,815.00 $ 0.00 0.00 $ 3,815.00 $ 35,260.00 $ 3,815.00 $ 35,260.00 $ 0.00 $ 35,260.00 0.00 0.00 FUND BALANCE JUNE 30 $ 0.00 $ -====-===3;;;:;50:1:,2.6.=0.=0.0... See notes to the general-purpose financial statements. 22 - EXHIBIT"H" SPECIAL PURPOSE LOCAL OPTION SALES TAX TOTALS YEAR ENDED JUNE 30, 2001 JUNE 30, 2000 $ 287,723.47 $ 287,723.47 $ 198,101.76 776.15 $ 287,723.47 $ 287,723.47 $ _ _1.:.;:9;.::;8.&.:,8..:..77~.=-91~ $ 107,675.42 $ 111,490.42 $ _ _-=3:,:2.&.:,5;.:.51..:..:.=.,:00;... $ 180,048.05 $ 176,233.05 $ _ _1.:.;:6;.::;6.&.:,3=.26:.:.=-91~ $ 39,075.00 $ $ -35,260.00 -35,260.00 $ -35,260.00 $ 3,815.00 $ 13,673.63 13,673.63 $ 144,788.05 $ 180,048.05 $ 180,000.54 185,401.91 185,401.91 5,401.37 $ 330,189.96 $ 365,449.96 $ =-=1..8.=5~,4,;;;,01=.=91= - 23- WHEELER COUNTY BOARD OF EDUCATION STATEMENT OF CHANGES IN ASSETS AND LIABILITIES FIDUCIARY FUND TYPE - AGENCY FUND YEAR ENDED JUNE 30, 2001 EXHIBIT "I" FAMILY CONNECTION ASSETS Accounts Receivable LIABILITIES Cash Overdraft Accounts Payable Funds Held for Others BALANCE JULY 1, 2000 ADDITIONS DEDUCTIONS BALANCE JUNE 30, 2001 $ 0.00 $ 287,97873 $ 227,72651 $ 60,252.22 $ 000 $ 31,06610 $ 31,06610 1,84849 1,84849 255,064.14 $ 227,72651 27,337.63 $====0.0..0= $ 287,97873 $ 227,726.51 $=::IIl-===6=0,!:2=52=.2=2;", See notes to the general-purpose finanCial statements. - 24- WHEELER COUNTY BOARD OF EDUCATION SCHEDULE OF EXPENPITURES OF FEDERAL AWARPS YEAR ENDED JUNE 30, 2001 SCHEDULE "1" FUNDING AGENCY PROGRAM/GRANT Agnculture, U. S. Department of Child Nutnbon Cluster Pass-Through From Georgia Department of EducaIJon Food and Nutrition Program Food services SChool Breakfast Program NaIJonal School Lunch Program Total Child Nutrition Cluster Other Programs Pass-Through From Georgia Department of Education Food and Nutrition Program Food Dlstnbubon Program (1) Total U. S Department of Agriculture Education. U. S Department of Special EducaIJon Cluster Pass-Through From Georgia Department of Education Individuals WIth Disabilities Educallon Act Part B - Special Educabon Capacity Building Flow Through Preschool Total Special Education Cluster Other Programs Pass-Through From Georgia Department of EoucalJon ComprehenSIVe School Reform Demonstrallon Project Elementary and secondary Education Act Title I Grants to Local EducalJonal Agencies Title II EISenhower Professional Development Trtlelll Technology LIteracy Challenge Fund Grants Title VI Innovallve Educallon Program Strategies Goals 2000 State and Local Education Systemic Improvement Grants VocalJonal Education - Basic Grants to States Htgh SChool Program Basic Grant Pass-Through From Georgia Department of Human Resources Safe and Drug-Free Schools and CommunrtJes Total U S. Department of Educallon CFDA NUMBER PASSTHROUGH ENTIlY 10 NUMBER FEDERAL REVENUE IN PERIOD EXPENDITURES IN PERIOD 10.553 10.555 NlA $ 119,616.65 NlA 266.59994 $ $ 386,216.59 $ (2) 503,565,88 (3) 503,565,88 10.550 NlA 26.12564 $ 412.342.23 $ 26.12564 529.691.52 84173 84.027 84173 NlA $ 1,256.56 $ N/A 87.651.69 NlA 14,996,16 $ 103,904 41 $ 1.25656 87,651.69 14.996.16 103.904,41 84.332 84.010 84.281 84.318 84.298 84.276 84 048 84.186 NlA 8,60000 8,600,00 NlA 316,522.40 NlA 16,00000 NlA 117,500.00 NlA 46,808.00 316,52240 16.000.00 117.500.00 46.80800 NlA 109.97614 151,391 78 (3) N/A 23,01600 24,51600 (3) NlA 19.98770 $ 762.31465 $ (4) 785.242,59 - 25- - - - - - - - - - - - ----~~------------ ------- WHEELER COUNTY BOARD OF EDUCATION SCHEDULE OF EXPENDITURES OF FEDERAL AWARDS YEAR ENDED JUNE 30. 2001 SCHEDULE "1" FUNDING AGENCY PROGRAM/GRANT CFDA NUMBER PASS, THROUGH ENTITY to NUMBER FEDERAL REVENUE IN PERIOD EXPENDITURES IN PERIOD Health and Human seMceS. U. S Department of Pass-Through From Children and Youth Coordmabng Council Absbnence Education Block Grant Pass-Through From Georgia Department of Human Resources Block Grants for Prevention and Treatment of Substance Abuse Grant-in-Aid 93.235 93.959 NJA $ 23.224.52 $ 47.736.54 (3) NJA 1,400.00 (4) Total U. S. Department of Health and Human SeMces $ 24.62452 $ 47.73654 Total Federal Financial Assistance $ 1.199.28140 $~....;,:1'o;;;;36;;;2;:;.6;;.;,7,;;,0,;;;6;;;,5 NJA .. Not Available Notes to the Schedule of Expenditures of Federal Awards (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 dunng the current fiscal year (2) Expenditures for the School Breakfast Program were not maintained separately and are Induded In the 2001 Nabonal School Lunch Program (3) Expenditures for thIS program Indude State. and/or Other Funds expenditures are not maintained by fund source (4) expenditures on thiS program were not maintained by fund source. MaJor Programs are Identified by an asterisk (") In front of the CFDA number. The School Dlstnct did not provide Federal Assistance to any Subrecipient The accompanying schedule of expenditures of Federal awards Includes the Federal grant actlvrty of the Wheeler County Board of Education and is presented on the modified accrual basIS of accounting which IS the basis of accounting used In the presentation of the general-purpose financial statements. see notes to the general-purpose finanaal statements. - 26- WHEELER COUNTY BOARP OF EPUCATION SCHEDULE OF STATE REVENUE YEAR ENDED JUNE 30 2001 SCHEDULE"Z' AGENCY/FUNDING GRANTS Education, Georgl8 Department of Quality BaSIC EducalJon Direct InstruClJonal Cost Kindergarten Program KIndergarten Program. Early IntervenlJon Program Primary Grades (1-3) Program Pnmary Grades Early IntervenlJon (13) Program Upper Elementary Grades (45) Program Middle School (6-8) Program High School General EducalJon (9-12) Program VocabOnal Laboratory (912) Program Students with DlsabrlllJes Category II Category III Category fII Gifted Student - Category VI Remedial EducalJon Program Alternative EducalJon Program Media Center Program Staff and ProfessIOnal Development Indlract Cost Categorical Grants Pupil Transportation RegUlar Bus Replacement Nursing Services PnnClpal Supplements VocalJonal Supervisors EducalJon Equalization Funding Grant Food Services VocalJonalEducalJon Other State Programs AtRisk Summer School Program Health Insurance Mentoring Program Preschool Handicapped Program Remedial Summer SChool Student Achievement Ncee Contract Student Achievement Travel Teachers' RelJrement Vocaliorl8l EducalJon - Short Term Agriculture Vocational EducalJon Extended Year Agnculture Vocational Education - Extended Day Agnculture VocalJonal Educallon - Extended Day Technology/Career Lottery Programs Computers In the Classroom Heart of Georgl8 Techmcallnstltute Tech Prep Mini Grant Juvenile Jusbce, Georgia Department of ChlldIYouth CoordlnalJng CounCIl (CYCC) AbslJnence Programs Office of School Readiness Pre-KIndergarten Program Office of Treasury and Fiscal Services Public SChool Employees RelJrement CONTRACTS EducalJon, Georgia Department of Georg18'S Reading Challenge Reading First Program GOVERNMENTAL FUND TYPES SPECIAL GENERAL REVENUE FUND FUND TOTAL S 218,98300 66,68300 465,62800 344,004 00 353,82600 679,534 00 530,84200 131,86400 134,50000 280,68700 32,49400 7,97000 131,39800 49,571 00 105,618.00 28,04300 784,45100 202,91900 61,36700 39,70700 4,817 00 4,48400 375,034 00 S 2,50000 2,17053 116,98945 6,00000 10,52200 3,94958 50,00000 2,59824 46742 52400 1,74600 4,271 00 2,13500 S 218,98300 66,68300 485,62800 344,004 00 353,82600 679,534 00 530,84200 131,884 00 134,50000 280,68700 32,49400 7,97000 131,39800 49,57100 105,61800 28,04300 784,45100 34,88800 17,004 00 202,91900 61,36700 39.70700 4,81700 4,484 00 375,03400 34,88800 2,50000 2,17053 116,98945 6,00000 10,52200 3,94958 50,00000 2,59824 46742 52400 1,74600 4,271 00 2,13500 17,004 00 1,50000 1,50000 13,40700 8.82076 226,87615 8,82076 226,87615 13,40700 17,37800 19,13000 17,37800 19,13000 See notes to the general-purpose finanCial statements S 5,308.21222 $ 289,08891 S 5,597,301 13 - 27- WHEELER COUNTY BOARD OF EDUCATION SCHEDULE OF APPROVED LOCAL OPTION SALES TAX PROJECTS YEAR ENDED JUNE 30, 2001 SCHEDULE "3" PROJECT Financing, remodeling, renovating, imprOVing, fumlshlng and equipping eXlsttng school district facillttes, Including classrooms, Instructional areas, support space, physical educatton and athlettc facilities and grounds, purchase or constructton of a storage faCIlity, acqUlnng any necessary personal property, Including computers and other technology, purchase of school buses and paYing expenses incident thereto ORIGINAL ESTIMATED COST (1) CURRENT ESTIMAtED COSTS (2) AMOUNT EXPENDED IN CURRENT YEAR (3) AMOUNT EXPENDED IN PRIOR YEARS (3) PROJECT STATUS $ 1,950,000.00 $ 1,950,00000 $ 107,67542 $ 13,476.00 Ongoing (1) The School Distnct's onglnal cost esttmate as specified In the resolutton calling for the Impositton of the Local Option Sales Tax (2) The School DlStnct's current esttmate of total cost for the project Includes al~ cost from project inception to completion (3) The voters of Wheeler County approved the Imposlbon of a 1% sales tax to fund the above project Amounts expended for thiS project may Indude sales tax proceeds, state, local property taxes and/or other funds over the life of the project. See notes to the general-purpose financial statements 29 - WHEELER COUNTY BOARD OF EDUCATION GENERAL FUND - aUALITY BASIC EDUCATION PROGRAM laBEl ALLOTMENTS AND EXPENDITURES - BY PROGRAM YEAR ENDED JUNE 30, 2001 SCHEDULE "4" DESCRIPTION Direct Instructional Programs Kindergarten Program KJndergarten Program-Earty IntervenlJon Program Pnmary Grades (1-3) Program Pnmary Grades-Earty Intervention (1-3) Program Upper Elementary Grades (4-5) Program Middle School (6-8) Program High School General EducalJon (9-12) Program VocalJonal Laboratory (9-12) Program Students with Disabilities Category II Category III category IV Gifted Student - category VI Remedial EducalJon Program Altematlve Education Program TOTAL DIRECT INSTRUCTIONAL PROGRAMS Media center Program Staff and ProfeSSional Development ALLOTMENTS FROM GEORGIA DEPARTMENT OF EDUCATION (1) ELIGIBLE aBE PROGRAM COSTS SALARIES OPERATIONS TOTAL $ 234,995.00 S 234,60968 $ 6,84017 $ 241,449,85 71,559.00 102,03544 2,199.93 104,235.37 521,136 00 447,113,56 35,62655 482,74011 369,157.00 370,00771 10,458 11 380,46582 379,69700 339,382,53 19,585.67 358,968.20 729,220.00 728,890,03 20,67917 749,569.20 569,656,00 626,392,19 33,640.33 660,032,52 141,506 00 144,938,21 25,07005 170,008,26 480,414.00 134,816,42 25,292.58 160,109,00 253,254,56 26,032 18 279,286,74 25,668,37 19,205,78 44,874,15 8,55300 10,686,70 10,68670 141,005,00 149,32233 1,704 09 151,026,42 53,196,00 166,292.67 1,96233 168,25500 $ 3,700,094 00 $ 3,733,410.40 $ 228,29694 $ 3,961,707,34 113,34100 30,094,00 129,386 46 12,04201 28,571 36 19,61244 157,95782 31,65445 TOTAL aBE FORMULA FUNDS $ 3,843,529.00 $ 3,874,83887 $ 276,48074 $ 4,151,31961 (1) Comprtsed of State Funds plus Local Five Mill Share See notes to the general-purpose finanCIal statements - 30- . ' , ' WHEELER COUNTY BOARD OF EDUCATION GENERAL FUND - aUAlITY BASIC EDUCATION PROGRAM