,~A, A<co"o ''f!..J . ' 
(:33, ' 
B~. 
 
. ' 
' - I  
'. 
 
..... 
'r . 
'. 
. ' .' - 
 
:;,,001-;too;,, 
 
.- ' 
 
., 
 
, . 
 
STATE OF GEORGIA.:- 
 
-, 
7 
 
DEPARTMENT-oF Auo,rs ANc, AccouN1s- 
 
 
 
I 
 
..,: 
 
' 
 
~ - 
 
 'I 
 
 
 
o 
 
~   
 
~.. 
 
' 
 
' 
 
_, 
 
'\. 
 
\ ~ 
 
.. - 
 
~~ 
 
I 
 
" 
 
.- 
.. ' 
s,,- 
\I .... 
 
,- 
i 
._ ... ) 
 
,. 
.' 
. , 
 
., 
' .' 
 
, 
' 
; ;- .... 
 
',_ ' ' 
,. 
.' ' 
 
,-, I 
_, 
 
:-crtYoF BREMEN BOARD OF'EDUCATION 
 
.. ; 
 
HARAl.SON COUNTY. GEORGIA;' 
 
', - 
 
I ' 
 
 
 
' 
' 
 
,.-. 
 
REP,ORT.ONAUDrr. 
OF THE FINANCIAL STATEMENTS 
 
FO. R 
 
THE 
, 
 
FISCAL 
 
YEAR ' 
 
ENDED 
 
JU-.NE 
 
30; 
 
2002 
 
. . 
" 
', 
 
' 
 
,. 
 
., 
 
, , 
 
' 
:.1, 
 
. ='' 
 
'Russell W. Hint~~ 
 
: 
 
'+S: tate" 
 
Auditor .,. ,. 
 
r 
.. 
 
. , 
 
" r 
,- 
 
, 
' . , ' 
,_,. 
,. .,. 
 
.. ,, ' .. 
-. ' 
' 
. -, .' ' 
' ' , 
' , 
 
 CITY OF BREMEN BOARD OF EDUCATION - HARALSON COUNTY - TABLE OF CONTENTS - 
 
SECTION I 
 
FINANCIAL 
 
INDEPENDENT AUDITOR'S COMBINED REPORT ON GENERAL-PURPOSE FINANCIAL STATEMENTS AND SUPPLEMENTARY INFORMATION SCHEDULE OF EXPENDITURES OF FEDERAL AWARDS 
 
EXHIBITS 
 
GENERAL-PURPOSE FINANCIAL STATEMENTS 
 
COMBINED STATEMENTS-OVERVIEW 
 
A 
 
COMBINED BALANCE SHEET 
 
ALL FUND TYPES AND ACCOUNT GROUP 
 
2 
 
B 
 
COMBINED STATEMENT OF REVENUES, EXPENDITURES AND 
 
CHANGES IN FUND BALANCES 
 
ALL GOVERNMENTAL FUND TYPES 
 
4 
 
C 
 
COMBINED STATEMENT OF REVENUES, EXPENDITURES AND 
 
CHANGES IN FUND BALANCES - BUDGET AND ACTUAL 
 
(NON-GAAP BASIS) 
 
GENERAL AND SPECIAL REVENUE FUNDS 
 
7 
 
D 
 
STATEMENT OF REVENUES, EXPENSES AND 
 
CHANGES IN FUND BALANCES 
 
FIDUCIARY FUND TYPE - NONEXPENDABLE TRUST FUND 
 
8 
 
E 
 
STATEMENT OF CASH FLOWS 
 
FIDUCIARY FUND TYPE - NONEXPENDABLE TRUST FUND 
 
9 
 
F NOTES TO THE GENERAL-PURPOSE FINANCIAL STATEMENTS 
 
10 
 
ADDITIONAL FINANCIAL INFORMATION 
 
COMBINING STATEMENTS 
 
SPECIAL REVENUE FUND 
 
G 
 
COMBINING BALANCE SHEET 
 
20 
 
H 
 
COMBINING STATEMENT OF REVENUES, EXPENDITURES 
 
AND CHANGES IN FUND BALANCES 
 
22 
 
CAPITAL PROJECTS FUND 
 
COMBINING BALANCE SHEET 
 
24 
 
J 
 
COMBINING STATEMENT OF REVENUES, EXPENDITURES 
 
AND CHANGES IN FUND BALANCES 
 
26 
 
SCHEDULES 
 
I SCHEDULE OF EXPENDITURES OF FEDERAL AWARDS 
 
28 
 
2 SCHEDULE OF STATE REVENUE 
 
30 
 
3 SCHEDULE OF APPROVED LOCAL OPTION SALES TAX PROJECTS 
 
31 
 
 CITY OF BREMEN BOARD OF EDUCATION - HARALSON COUNTY - TABLE OF CONTENTS - 
 
SECTION I 
 
FINANCIAL 
 
ADDITIONAL FINANCIAL INFORMATION 
 
SCHEDULES 
 
ALLOTMENTS AND EXPENDITURES 
 
GENERAL FUND - QUALITY BASIC EDUCATION PROGRAMS (QBE) 
 
4 
 
BY PROGRAM 
 
5 
 
BY SITE 
 
~ 
32 33 
 
SECTION II 
COMPLIANCE AND INTERNAL CONTROL REPORTS 
REPORT ON COMPLIANCE AND ON INTERNAL CONTROL OYER 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 0MB 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 COSl S 
 
 SECTION I FINANCIAL 
 
 1rn,,t.u. W. H1N10" 
',TAI[ AIJDITOA 
(404) 656-21/4 
 
DEPARTMENT OF AUDITS AND ACCOUNTS 
254 WJshmg1on S1rcc1. '.> W Sunc 214 AIIJnla, Gcorg1J 30334-g.\OO 
June 25, 2003 
 
Honorable Sonny Perdue, Governor Members of the General Assembly Members of the State Board ofEducat10n 
and Supenntendent and Members of the City of Bremen Board of Education 
INDEPENDENl AUDITOR'S COMBINED REPORT ON GENERAL-PURPOSE FINANCIAL STATEMENTS AND SUPPLEMENTARY INFORMATION SCHEDULE OF EXPENDITIJRES OF FEDERAL AWARDS 
Ladies and Gentlemen 
We have audited the accompanying general-purpose financial statements of the City of Bremen Aoard of Educat10n. as of and for the year ended June 30, 2002, as listed in the table of contents lbese general-purpose financial statements are the respons1b1lity of the City of Bremen Board of Educauon's management Our responsibility 1s to express an op1mon on these general-purpose financial statements based on our audit 
We conducted our audn in accordance wnh auditing standards generally accepted in the Umtcd States of Amenca and the standards applicable to financial audns contained in Government Auditing Standards. issued by the Comptroller General of the United States Those standards rcqmre that we plan and perform the audit to obtain reasonable assurance about whether the financial statement~ are free of matenal misstatement An audn includes examining, on a test basis. evidence supporting the amounts and disclosures in the financial statements An audit also includes assessing the accounting pnnc1ples used and s1gmficant estimates made by management, as well as evaluating the overall financial statement presentat10n We believe that our audit provides a reru.onable basis for our opinion 
As described in the notes to the general-purpose financial statements, the Board of Education's financial statements have heen prepared using certain accounung practices and policies which. in our op1mon. vary in some respects from generally accepted accounting pnnc1ples These vanances are de~cnbed as follows 
 
2002ARL-13 
 
  The general-purpose financial statements of the Board of Education did not contain a General Fixed Assets Account Group to account for property and equipment owned by the Board of Education which should be included to conform to generally accepted accountmg pnnciples 
 School activity accounts mamtamed at the md1v1dual schools are not mcluded m the general-purpose financial statements To conform to generally accepted accounting pnnc1ples, these accounts should be included m the general-purpose financial statements 
 The Board of Education did not recogmze as expenditures, m the year ended June 30. 2002, a portion of salanes and the correspondmg employer's cost of related benefits earned for contractual services completed prior to June 30, 2002 Also funds received, subsequent to June 30, 2002, from the Georgia Department of Education for the State's share of these unrecorded salanes and related benefits were not recorded as revenue m the year under review. Conversely, the similar expenditures and related revenues for contractual services completed pnor to June 30, 2001, were improperly recorded m the year ended June 30, 2002 To conform to generally accepted accountmg prmc1ples, revenues should be recorded when available and measurable and expenditures should be recorded when mcurred, rather than when funds are received or disbursed 
The aggregate effects on the general-purpose financial statements of these vanances or om1ss1ons have not been determined, but are believed to be matenal 
In our opimon, except for the effects on the general-purpose financial statements of the matters referred to m the precedmg paragraph, the general-purpose financial statements referred to above present fairly, m all material respects, the financial position of the City of Bremen Board of Educallon as of June 30, 2002, and the results of its operallons and the cash flows of its nonexpendable trust fund for the year then ended, m conformity with accounllng pnnc1ples generally accepted in the United States of Amenca 
In accordance with Government Aud1tmg Standards, we have also issued our report dated June 25, 2003, on our consideration of the City of Bremen Board ofEducallon's mtemal control over financial reportmg and our tests of its compliance with certain provisions oflaws, regulations, contracts and granu, That report 1s an integral part of an audit performed in accordance with Government 
Aud1tmg Standards and should be read m conJuncllon with this report in considenng the results of 
our audit 
Our audit was performed for the purpose of formmg an opimon on the general-purpose financial statements of the City of Bremen Board of Education taken a~ a whole The accompanying combmmg statements (Exhibits G through J) and the financial schedules (Schedules l through 5). which includes the Schedule of Expenditures of Federal Awards as required by U S Office of Management and Budget Circular A-133, Audits of States, Local Governments, and Non-Profit Orgam=atwns. are presented for purposes of additional analysis and are not a required part of the general-purpose financial statements Such mformation has been subjected to the aud1tmg 
2002ARL-13 
 
 procedures applied in the audit ofthe general-purpose financial statements and m our opinion. except for the effects ofthe matters referred to in the thud paragraph, such information 1s fairly stated, in all material respects, m relation to the general-purpose financial statements taken as a whole A copy ofthis report has been filed as a permanent record m the office of the State Auditor and made available to the press ofthe State. as provided for by Official Code of Georgia Annotated Section 506-24. 
Respectfully submitted, 
RWHgp 2002ARL-l3 
 
 CITY OF BREMEN BOARD OF EDUCATION - HARALSON COUNTY 
 
 --- - - ------- 
 
CIJY OF BREMEN BOARD OF EDUCATION - HARALSON COUNTY 
COMBINED BALANCE SHEET 
ALL FUND TYPES ANP ACCOUNT GROUP JUNE 30 2002 
 
~ Cash and Cash Equivalents 
Investments 
Accounts Receivable 
Prepaid Items 
Inventories Food Donated Commodllies Pt.dlased Food 
Amount Available m Debt SeMce Fund 
Amount to be Provided In Future Years For Payment ot Bond Debt Caprtal Lease Agreements 
Total Assets 
 
GENERAL FUND 
 
GOVERNMENTAL FUND TYPES 
 
SPECIAL 
 
CAPITAL 
 
REVENUE 
 
PROJECTS 
 
FUND 
 
FUND 
 
s 
 
s s 703,224 37 
 
169 690 60 
 
4,671,890 14 
 
54,164 48 
 
68,011 61 
 
425 145 70 
 
670911 1,675 60 
 
s 
 
s s 757 368 85 
 
2661287 12 
 
51097:035 84 
 
blABl6ITIEl;; AND FIJNQ EQ!IITY 
UABILmES 
Accounts Payable 
Salal1e1 Payable Expired Grant Balances Payabla Contracts Payabla Retamages Payable Capital Lease Agreements General Obllgahon Bonds Payable 
Total uabilllles 
FUND EOUIIY 
Fund Balances Reserved For Bus Roplacemont Funds For Debt Service For Endowment Corpus For lnventones Food Donated Commodrties PurchaM!d Food 
For Purpose of Bond Issue 
For SPLOST Protects Unreserved 
Undes,gnated 
Total Fund Equity 
 
s 
 
63 476 37 s 
 
56 856 71 s 
 
2200 
 
12,681 22 
 
100 329 77 
 
9660 
 
20 027 13 
 
2,225 24 
 
s 
 
76 157 59 s s 157,283 26 
 
22 274 37 
 
s 
 
19,661 00 
 
s 
 
670911 
 
1,675 60 
s 4,652,604 90 
 
222 156 57 
 
661 570 26 
 
100 619 13 
 
0 00 
 
s 
 
s s 681,231 26 
 
109 003 64 
 
5 074 761 47 
 
Total uablhtles and Fund Equity 
 
s 
 
757 368 65 s 
 
The notes to the general-purpose financial &tatement& are an lr\tegral part of ttns statement 
 
-2 - 
 
s 26628712 
 
5 097 035 64 
 
 EXHIBIT "A" 
 
DEBT SERVICE 
FUND 
 
FIDI./CIARY 
FUND TYPE 
TRUST FUND 
 
s 
 
s 85 907 64 
 
000 
 
ACCOUNT GROUP GENERAL 
LONG-TERM DEBT 
 
TOTALS 
 
{Memorandum Onl;i) 
 
JUNE 30, 2002 
 
JUNE 30, 2001 
 
s s 5 630 912 75 
 
1,6TT,827 65 
 
20 000 00 
 
567,321 99 
 
267,005 22 
 
652 57 
 
s 
 
85,907 64 
 
870911 1 675 60 
85 907 64 
 
8,683 68 2,844 29 
1 760 22 
 
s 
 
85 907 64 s 
 
5,299 092 38 59,304 50 
 
5 299 092 38 59 304 50 
 
1,083,239 78 157 054 91 
 
s s s 000 
 
514441304 50 
 
11.650,923 95 
 
3 219 068 32 
 
s 
 
120 355 08 s 
 
143 860 19 
 
113,010 99 
 
96,234 27 
 
9680 
 
431 70 
 
20,027 13 
 
s 
 
59,304 50 
 
2 225 24 59 304 50 
 
9 028 10 157 054 91 
 
5,385,000 00 
 
5 385 000 00 
 
1 085 000 00 
 
s s 5,444,304 50 
 
s 5 700 019 74 
 
1 491 609 17 
 
$ 
 
85 907 64 
 
000 s 
 
s 
 
85 907 64 s 
 
s 
 
85 907 64 s 
 
s 
 
19,661 00 $ 
 
15,219 00 
 
85 907 64 
 
1 760 22 
 
20 000 00 
 
670911 1 675 60 4,852 604 90 222 156 57 
 
8,683 68 2,844 29 
182,199 19 
768,709 68 
 
000 
 
782 189 39 
 
728 042 89 
 
000 
 
s 5,950,904 21 s 1 727459 15 
 
s s s 0 00 
 
544430450 
 
11,6501923 95 
 
3,2191068 32 
 
. 3. 
 
 CITY OF BREMEN BOARD OF EDUCATION HARALSON COUNTY COMBINED STATEMENT OF REVENUES EXPENDITURES AND CHANGES IN FUND BALANCES 
ALL GOVERNMENTAL FUND TYPES 
YEAR ENDED JUNE JO 2002 
 
REVENUES 
State Funds Federal Funds Taxes Other Funds 
Total Revenues 
EXPENDITURES 
Current lnstruchon Support Services Pupil Services Improvement of Instructional Sarvas Educational Med,a Services General Administration School Admlnlstrabon Business Administrabon Maintenance and Operation of Plant Student Tranoportabon Services Cen1ral Support Serv1ces Other Support ServlC89 Food Services OperaUon En1erpnse Operabons 
Cspltal OuUay Deb1Serv,ce 
Principal 
Interest 
To1al Expend~ures 
Excess of Revenues over (under) Expenditures 
QTt!!;R FINANCING QURC!i (USES} 
Proceeds from General Obltgabon Bonds Par Value 
Capital Lease,, 
Operating Transfers In 
Operating Transfe~ Out 
To1al Other F1nancmg Sources (Uses) 
Excess of Revenues and Other Flnanang Sources over (under) Expenchtures and Other Financing Uses 
FUND BALANCE JULY 1 
Food lnven1ory. Net Change 1n Penod Donated Commodnles Purchased Food 
 
GENERAL FUND 
 
SPECIAL REVENUE 
FUND 
 
$ 7,039,706 31 $ 5351362 
1,212,019 28 425 839 21 
 
444,157 19 643,434 30 
325,576 89 
 
s $ 8,731,078 42 
 
1413 168 38 
 
s 6,479,092 22 $ 
226,839 23 151,10424 192 104 58 207,127 25 624,872 80 75,912 53 582,362 49 
52,075 45 
27 879 93 4 516 55 
85,033 92 
 
579,827 24 
47,800 51 240,134 28 
85 53 27,361 88 
5,456 51 10,734 78 
508,42542 
 
15,09517 2 465 62 
 
s s 8,706,482 18 
 
1419826 15 
 
s 
 
s 24 596 24 
 
-6 657 77 
 
s 
 
21,514 89 
 
s 
 
-1795342 
 
s 
 
3 561 47 $ 
 
17,95H2 17 953 42 
 
$ 
 
28,157 71 s 
 
11,295 65 
 
653,073 55 
 
100,651 45 
 
-1,97457 -116869 
 
FUND BALANCE JUNE 30 
 
$ 
 
s_ _ 681 231 26 
 
1,,09=0_03._84._ 
 
The notes to the general-purpose finanCl&I statements are an Integral part of this statement .4. 
 
 EXHIBIT "B" 
 
CAPITAL PROJECTS 
FUND 
 
DEBT SERVICE 
FUND 
 
TOTALS 
 
(Memorandum On!);) YEAR ENDED 
 
JUNE 30, 2002 
 
JUNE 30, 2001 
 
s 
 
149,166 ~9 
 
s s 7,633,030 39 
 
7,386,743 85 
 
s 519,305 37 
 
662,953 00 
 
696,947 92 2,394,277 65 
 
738,325 10 2,363,339 52 
 
81 559 89 
 
2 618 79 
 
835 594 78 
 
753 476 34 
 
s 
 
750 032 15 $ 
 
665 571 79 $ 1155985074 $ 1124188481 
 
$ 
 
102 000 00 
 
1 152,851 38 
 
s 10417013 
9 951 59 
 
s $ 1 368 973 10 
 
s 
 
-618 940 95 $ 
 
s s 7,058,919 48 
 
6,554,282 60 
 
274,639 74 391 238 52 192,19011 234,48913 624,872 80 177 912 53 567,819 00 
62,810 23 
27,879 93 512,941 97 
85 033 92 1,152,851 38 
 
238,700 90 481,880 73 181,36548 209,146 09 643,61648 
90 261 91 571,744 03 
53,532 56 3,819 65 
31,978 20 506,74816 
71,586 51 779,026 31 
 
630000 00 13863102 
768 631 02 $ 
s -103 059 23 
 
749,265 30 15104843 
s 12,263,912 45 s -704 061 71 
 
643,733 43 67 888 76 
11109111 80 
132 773 01 
 
s s 4,742,793 35 
s $ 4 742 793 35 s s 4 123 852 40 
950 909 07 
 
187,206 65 $ 
s 187 206 65 
 
4,930,000 00 
s 21 514 89 
17,953 42 -17 953 42 
s 4 951 514 89 
 
140,795 39 1179954 -1179954 
140 795 39 
 
s 84,147 42 
1 760 22 
 
4,247,453 18 $ 1 706,594 29 
 
273,568 40 1432,41805 
 
-1,974 57 -1 168 69 
 
855 51 -247 67 
 
s 5074 76147 $ 
 
85 907 64 $ 
 
- 5. 
 
 _ C[TY Of BREMEN BOARD OF EDUCATION - HARALSON COUNTY 
COMBINED STATEMENT OF REVENUES EXPENDITIJRES AND CHANGES IN FUND BALANCES 
BUDGET AND ACTUAL - (NON-GAAP BASIS! 
GENERAL AND SPECIAL REVENUE FUNDS 
YEAR ENDED JUNE 30 2002 
 
EXHIBIT c 
 
GENERAL FUND 
 
BUDGET 
 
ACTUAL 
 
REVENUES 
Stale Funds Federal Funds Taxe& Other Funds 
Total Revenues 
 
s s 8 822 835 00 
 
7 039 708 31 
 
50 000 00 
 
53 513 82 
 
1,200 000 00 
 
1.212 019 28 
 
34 10000 
 
25 839 21 
 
$ 8.  18.935 00 $ 8.731,07B 2 
 
EXPENDITURES 
 
Current lnstrucbon Support Services Pupil SeMCeS Improvement of ln1trudk>nal SeMces EoocabOnal Madia Selvlces General Adnunistratton Schod AdmmistratK>n Business AdmriMalrrtenance 811d Operaban of Plant Swdent TranspOrtatlon Sennces Central Support SeMces Other Support SeMces Food Serw:es Openlbon En1erprt&e OperabOns 
DebtServk:e 
Total Expenditures 
Excess of Revenues over (under) "-"<lltures 
 
s s B,381,038 87 
 
8, 79,092 22 
 
202,279 00 1 2,871 00 164 87 00 190,510 00 816.285 87 
73.226 61 513,569 00 
55,739 00 11,000 00 29 384 00 6 038 00 
 
226 B39.23 
151,10 2 
192,10 58 207,127.25 624872 80 
75 912 53 562 362 9 
52 075  5 
27 879 93  518 55 
85 033 92 17 560 99 
 
s s 8,388,595 35 
 
8.708.82 18 
 
s 30,339 65 $ 
 
2 598 2 
 
OTHER FINANl,ING SOU!lC!;S (USES! 
01118rSources Other Uses 
Total Other Financing Sout:es (Uses) 
 
s 21,514 89 
-17 953 2 
 
s 
 
3 56147 
 
Excesa of Revenues and Other F1nanc:mg Sources 
 
s s ~ (..-i Expenditures and Olher Financing Uses 
 
30,339 65 
 
28,157 71 
 
FUND BALANCE JULY 1 2001 
 
864 511 70 
 
853 073 55 
 
AdJUstmenlS Food lm,emory - Ne1 Chango In Period 
Donaled Commodlbes Purchased Food 
 
FUND BALANCE JUNE 30. 2002 
 
$ 694,851 35 S 681 J31 28 
 
SPECIAL REVENUE FUND 
 
BUDGET 
 
ACTUAL 
 
s s 79,761 00 
583,818 79 
 
#1,15719 643, 34 30 
 
308.885 00 
 
325 576 89 
 
$ 972, 64 79 $ 1. 13 168 38 
 
s s 220 565 00 
 
579 827 24 
 
25,000 00 253,215 00 
9,802 OD 
 
7 800 51 20,134 28 
85 53 27 361 88 
 
5  56 51 10 734 78 
 
83 985 00 
 
50B, 25 2 
 
$ 972 567 00 s 1.  19.826 15 
 
$ 
 
-102 21 s 
 
-8 B57 TT 
 
s 9 788 00 s 
-9 788 00 
 
s 
 
0 00 s 
 
17,953  2 
17 953  2 
 
s s -102 21 
 
11,295 65 
 
261,514 84 
 
100,851  5 
 
-130,872 76 
 
-1 97 57 -1188 69 
 
$ 13073987 $ 10900384 
 
The notes to the general-purpose financial statement& are en Integral part of thl& &tatemenL -7- 
 
 CITY OF BREMEN BOARD OF EDUCATION - HARALSON COUNTY STATEMENT OF REVENUES EXPENSES AND CHANGES IN FUND BALANCES 
FIDUCIARY FUND TYPE - NONEXPENDABLE TRUST FUND YEAR ENDED JUNE 30, 2002 
 
EXHIBIT"D" 
 
OPERATING REVENUES Donations 
OPERATING EXPENSES None Recorded Operating Income 
NONOPERATING REVENUES Interest Eamed Net Income 
FUND BALANCE JULY 1 Residual Equity Transfer Bremen Educabon Foundabon, Inc 
FUND BALANCE JUNE 30 
 
BREMEN BOARD OF EDUCATION ENDOWMENT 
FUND 
 
TOTALS 
 
(Memorandum Only) 
 
YEAR ENDED 
 
JUNE 30, 2002 
 
JUNE 30 2001 
 
$ 
 
000 $ 
 
000 $ 
 
5 000 00 
 
$ 
 
000 $ 
 
000 $ 
 
000 
 
$ 
 
000 $ 
 
000 $ 
 
5 000 00 
 
000 
 
000 
 
864 86 
 
$ 
 
000 $ 
 
000 $ 
 
5,864 86 
 
20,864 86 
 
20,864 86 
 
15,00000 
 
-20 864 86 
 
-20 864 86 
 
000 
 
$ 
 
000 $ 
 
ooo s___2_0_8_64_8_6_ 
 
The notes to the genera~purpose finenc,al statements are an 1n1egral part of this statement -8- 
 
 CITY OF BREMEN BOARD OF EDUCATION - HARALSON COUNJY STATEMENT OF CASH FLOWS 
FIDUCIARY FUND TYPE - NONEXPENDABLE TRUST FUND YEAR ENDED JUNE 30. 2002 
 
EXHIBIT "E" 
 
Cash Flows from Operating ActlVitles Cash Received from Donat10ns 
Cash Flows from Noncap1tal F1nancmg Acbv1t1es Residual Equity Transfer Bremen Education Foundation, Inc 
Cash Flows from lnvesbng ActMtles Interest Received on Investments Purchase of Investments Sale of Investments 
Net Cash Provided by Investment Act1v1t1es 
Net Increase (Decrease) m Cash 
Cash and Cash Equivalents - Juty 1 
Cash and Cash Equivalents - June 30 
 
BREMEN BOARD OF EDUCATION ENDOWMENT 
FUND 
 
TOTALS 
 
(Memorandum Only) 
 
YEAR ENDED 
 
JUNE 30, 2002 
 
JUNE 30, 2001 
 
$ 
 
000 $ 
 
000 $ _ _---=c5~0~00~00=- 
 
$ 
 
-864 86 $ 
 
-864 86 $ 
 
000 
 
$ 
 
000 $ 
 
000 $ 
 
864 86 
 
-20,000 00 
 
15 000 00 
 
$ 
 
000 $ 
 
000 $ 
 
-'I 135 14 
 
$ 
 
-864 86 $ 
 
-864 86 $ 
 
864 86 
 
86486 
 
66486 
 
000 
 
$ 
 
000 $ 
 
ooo s_ _ _864:;.;;;.;...;;;86~ 
 
The notes to the general-purpose financial statements ere an mtegral part of this statement -9- 
 
 CITY OF BREMEN BOARD OF EDUCATION - HARALSON COUNTY NOTES TO THE GENERAL-PURPOSE FINANCIAL STATEMENTS JUNE 30. 2002 
 
EXHIBIT"F" 
 
Note I SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES 
REPORTING ENTITY 
The City of Bremen Board of Education (School Distnct) was established under the laws ofthe 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 D1stnct is organized as a separate legal entity and has the power to levy taxes. Accordingly, the School D1stnct 1s a primary government and consists of all the organizations that compose its legal entity. 
FUND ACCOUNTING 
The School District uses funds and an account group to report on its financial position and the results of1ts operations. Fund accounting 1s designed to demonstrate legal compliance and to aid financial management by segregating transactions related to certain governmental functions or activilles. A fund 1s a separate accounting entlty with a self-balancmg 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 m the various funds at the time of purchase A General Fixed Assets Account Group 1s not presently mamtamed by the School D1stnct To conform to generally accepted accounting principles, a General Fixed Assets Account Group should be maintained for reporting the cost of assets acqmred by governmental fund types. 
Although "school acllvity accounts" are maintained at the individual schools, neither the assets, liab1ht1es and fund eqmty, nor the revenues, expenditures and changes in fund balances of these accounts are reflected m these financial statements. To conform to generally accepted accountmg pnnc1ples, these accounts should be recorded m the general-purpose financial statements. 
The general-purpose financial statements account for all State, Federal, TaJ(es and Other funds under control of the School District, in compliance with generally accepted accounting pnnc1ples applicable to governmental umts, unless otherwise disclosed in these notes Funds and the account group presented in this report are as follows 
GOVERNMENTAL FUND TYPES - are used to account for all or most of the School D1stnct's cducat1onal act1v1lles Governmental Fund Types mc\ude 
GENERAL FUND - the fund used to account for all financial resources of the School D1stnct c'l.cept those reqmred to be accounted for in another fund These transactions relate to resources obtamed 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 pnmanly from the Georgia Department of Education and from the Federal government to accomplish specific educational objectives 
- IO - 
 
 CITY OF BREMEN BOARD OF EDUCATION - HARALSON COUNTY NOTES TO THE GENERAL-PURPOSE FINANCIAL STATEMENTS JUNE 30. 2002 
 
EXHIBIT"F" 
 
Note I SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES 
CAPITAL PROJECTS FUND - the fund used to account for financial resources to be used for the acqu1s1tion or construction of maJor capital facilities 
DEBT SERVICE FUND-the fund used to account for the accumulation ofresources for, and the payment of, general long-term pnnc1pal, interest and paying agent fees 
FIDUCIARY FUND TYPE - the fund used to account for assets held by a government umt ma trustee capacity or as an agent for md1v1duals, pnvate organizations, other government umts and/or other funds Tins fund includes 
NONEXPENDABLE TRUST FUND Bremen Board of Education Endowment Fund - the fund used to account for an endowment of which the corpus 1s to be invested and preserved mtact with the resultant income to be used as necessary by the School D1stnct. 
ACCOUNT GROUP 
GENERAL LONG-TERM DEBT ACCOUNT GROUP - A financial reporting device used to account for general obhgat10n debt outstandmg and capital lease obligations 
BASIS OF ACCOUNTING 
The accounting and financial reportmg treatment apphed to a fund 1s determined by its measurement focus All governmental funds are accounted for usmg a current financial resources measurement focus With tins measurement focus, only current assets and current hab1ht1es generally are mcluded on the balance sheet Operating statements of these funds present mcreases (i e., revenues and other financing sources) and decreases (1e., expenditures and other financing uses) in net current assets. Their reported fund balance 1s considered a measure of available spendable resources 
Liab1lit1es which are expected to be financed from available spendable resources are reported as hab1h11es in the governmental funds. Other liab1hties, which are not expected to be financed from avrulable spendable resources, are reported m the General Long-Term Debt Account Group. 
All nonexpendablc trust funds are accounted for on a flow of economic resources measurement focus With this measurement focus, all assets and hab1ht1es associated with the operation of these funds are mcluded on the balance sheet Operatmg statements present mcreases (e g, revenues) and decreases (e.g, expenses) in net total assets 
Governmental funds are accounted for using the modified accrual basis of accountmg under which: 
Revenues are recogmzed when susceptible to accrual (1 e  when they become both measurable and avrulable) "Measurable" means the amount of the transaction can be determmed and "available" means collectible within the current period or soon enough thereafter to be used to pay hab1ht1es of the current penod The School D1stnct considers receivables collected within sixty days after year- 
- 11 - 
 
 ClTY OF BREMEN BOARD OF EOUCATION - HARALSON COUNTY 
NOTES TO THE GENERAL-PURPOSE FINANCIAL STATEMENTS JUNE 30, 2002 
 
EXHIBIT "F" 
 
Note I SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES 
end to be available. Property truces, sales truces and mterest are considered to be susceptible to accrual Nonexchange transactions, m which the School Distnct gives (or receives) value without directly rece1vmg (or giving) equal value in exchange, include property truces, local option sales truces, intergovernmental grants and donahons. Revenue for property truces is recogniz.ed m the fiscal year for which the truces are levied. Revenue from sales truces is recogmzed in the fiscal year the resources are received or susceptible to accrual Revenue from grants and donat10ns is recognized m the fiscal year m which all eligibility requirements have been satisfied 
Expenditures are generally recognized when the related fund liability is mcurred. 
A departure from the above definit10ns 1s the accountmg treatment afforded the final two payments on General Fund teachers" and bus drivers' contracts, and the resources available from the Georgia Department of Educat10n for the State's share of these contracts During fiscal year 2002, a substantial number of personnel ofthe School District were employed for a one hundred and nmety day penod begmnmg m August 2001 and ending m early June 2002. Personnel contracts for this employment period specify that compensation be paid m twelve equal monthly payments beginning m September 2001 and ending m August 2002 State grants to fund the State's share of these contracts were disbursed from the Georgia Department of Education to the School District in the same twelve months. As of June 30, 2002, compensat10n under these employment contracts had been earned, but two of the twelve monthly payments. due for July and August 2002, had not been made Payments for these two months were made and recorded as expenditures by the School D1stnct subsequent to June 30, 2002 Also, the State's port10n of the compensation pmd in July and August 2002 was received and recorded as revenue m the fiscal year subsequent to June 30, 2002 Conversely, the similar expenditures and related revenues for contractual services completed pnor to June 30, 200 I, were recorded m the year ended June 30, 2002 Generally accepted accounting principles require that revenues be recorded when available and measurable and that expenditures be recorded when mcurred, rather than when funds are received or disbursed. 
The accrual basis of accountmg, as reqmred by generally accepted accounting pnnc1ples, 1s utilized by nonexpendable trust funds Under the accrual basis of accountmg, revenues are recorded when earned and expenses are recorded at the time liabihues are mcurred. 
BUDGET 
The City of Bremen Board of Education's budget 1s a complete financial plan for the School D1stnct's fiscal year and 1s bao;ed upon estimates of expenditures together with probable fundmg sources There 1s no statutory proh1b1t1on regarding overexpend1ture 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 pnnciples 
The budget process begins when the School District's admmistration prepares a tentative budget for the Board's approval. After approval ofthis tentative budget by the Board, such budget 1s advertised at least once ma newspaper of general c1rculat10n m the locahty At the next regular meetmg ofthe 
- 12 - 
 
 CITY OF BREMEN BOARD OF EDUCATION - HARALSON COUNTY NOTES TO THE GENERAL-PURPOSE FINANCIAL STATEMENTS JUNE 30, 2002 
 
EXHIBIT "F" 
 
Note I SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES 
 
Board after advertisement, the Board receives comments on the tentative budget, makes rev1s10ns as necessary and adopts a final school budget. This final budget 1s then submltled, in accordance with prov1s1ons of the Quahty 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 dunng the year AH unexpended budget authonty lapses at fiscal year-end 
 
CASH AND CASH EQUIVALENTS 
 
COMPOSITION OF DEPOSITS Cash and cash equivalents consist ofcash on hand, demand deposits and short-term investments with original matunties of three months or less from the date of acquis1t10n m authorized financial mst1tut10ns Georgia Laws OCGA 45-8-14 authonze the School D1stnct to deposit its funds in one or more solvent banks or insured Federal savmgs and loan associations 
 
RECEIVABLES 
 
Receivables consist of grant reimbursements due on Federal, State or other grants for expenditures made but not reimbursed and other receivables disclosed from mfonnatlon available Receivables are recorded when either the asset or revenue recogmt10n cntena has been met Receivables recorded on the general-purpose financial statements do not mclude any amounts which would necessitate the need for an allowance for uncollectible receivables 
 
PROPERTY TAXES 
 
The City of Bremen fixed the property tax levy for the 2001 tax digest year (calendar year) on November 7, 2001 (levy date) Taxes were due on January 7, 2002 (hen date) Taxes collected w1thm the current fiscal year or w1thm 60 days after year-end on the 2001 tax digest are reported as revenue m fiscal year 2002 The Bremen City Clerk bills and collects the property taxes for the School D1stnct and remits the taxes collected to the School D1stnct Property tax revenues during the fiscal year ended June 30, 2002 for maintenance and operat10ns amounted to $1,212.019 28. 
 
The tax millage rate levied for the 2001 tax year (calendar year) for the City of Bremen Board of Educat10n was as follows (a mill equals $1 per thousand dollars of assessed value) 
 
School Operat10ns 
 
~mills 
 
SALES TAXES 
 
Special Purpose Local Option Sales Tax revenue during the year amounted to $1.182.258 37 and 1s to be used for capital outlay for educational purposes or debt service Tius sales tax was authonzed by local referendum and the sales tax must be re-authonzed at least every five years 
 
- 13 - 
 
 CITY OF BREMEN BOARD OF EDUCATlON - HARALSON COUNTY NOTES TO THE GENERAL-PURPOSE FINANCIAL STATEMENTS JUNE 30. 2002 
 
CXHIBIT "F" 
 
Note I SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES 
INVENTORIES 
FOOD INVENTORIES lnventones of donated food commodities used in the preparatmn of meals are reported on the Combined Balance Sheet at their Federally assigned value. Purchased foods inventones are reported on the Combined Balance Sheet at cost (first-in. first-out). Donated food commodities are recorded as revenues and expenditures at the !Jme commodity items are received Purchased foods inventones arc recorded as expenditures at the time of purchase. The inventones reported on the balance sheet for donated food commodities and for purchased foods are equally offset by reservations of fund balance which md1cates that these amounts do not constitute "available spendable resources" even though they are a component of net current assets 
GENERAL OBLIGATION BONDS 
The School District entered into a Joint agreement with the City of Bremen whereby the City of Bremen issued general obhgauon bonds on behalf of the school system. The bond premiums. discounts and issuance costs are recognized in the financial statements ofthe School D1stnct dunng the year bonds are issued. According to the terms of the aforementioned agreement, the bonds are the direct obhgatmns of the School D1stnct; therefore, the outstanding amount of these bonds 1s recorded in the General Long-Term Debt Account Group. 
INTERFUND TRANSACTIONS 
The School Distnct has the following types of interfund transactmns 
Reimbursements of expenditures/expenses 1mtially made from a fund that are properly applicable to another fund are recorded as expenditures/expenses in the re1mbursmg fund and as reductions of expenditures/expenses m the fund that 1s reimbursed 
Residual equity transfers are recorded for nonrecurnng or nonroutme permanent transfers of equity 
Operating transfers are recorded for all mterfund transactions other than residual eqmty transfers and reimbursements 
MEMORANDUM ONLY -TOTAL COLUMNS 
Total columns on the general-purpose financial statements are captioned "Memorandum Only" to md1cate that they are presented only to facihtate financial analysis Data m these columns do not present financial pos11lon. results of operations or cash flows in conformity wl!h generally accepted accounting principles Neither are such data comparable to a consolidation lnterfund climmations have not been made m the aggregat,0,1 of this data 
 
- 14 - 
 
 CITY OF BREMEN BOARD OF EDUCATION - HARALSON COUNTY NOTES TO THE GENERAL-PURPOSE FINANCIAL STATEMENTS JUNE 30, 2002 
 
EXHIBIT "F" 
 
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 many depository for a time longer than ten days a sum of money which has not been secured by surety bond, by guarantee ofmsurance, or by collateral The aggregate of the face value of such surety bond and the market value of secuntles pledged shall be equal to not less than 110 percent ofthe pubhc funds bemg secured after the deduction ofthe amount ofdeposit msurance If a depository elects the pooled method (OCGA 45-8-13 I) the aggregate ofthe market value ofthe secuntles pledged to secure a pool ofpubhc funds shall be not less than 110 percent ofthe da1lypool balance OCGA Secuon 45-8-11 (b) provides an officer holdmg public funds may, m his d1scrctmn, waive the reqmrement for secunty in the case of operatmg funds placed m demand deposit checkmg accounts 
Acceptable sccunty for deposits consists of any one of or any combination of the followmg 
(I) Surety bond signed by a surety company duly qualified and authonzed to transact busines~ w1thm the State of Georgia, 
(2) Insurance on accounts provided by the Federal Deposit Insurance Corporatmn, 
(3) Bonds, bills, notes, certificates of indebtedness or other direct obligations of the Umted States or of the State of Georgia, 
(4) Bonds. bills, notes, certificates of indebtedness or other obligations of the countle~ or mun1c1pal1t1es of the State of Georgia. 
(5) Bonds of any pubhc authority created by the laws of the State of Georgia, prov1dmg that the statute that created the authonty authorized the use of the bonds for this purpose, 
(6) Industrial revenue bonds and bonds of development authontles created by the laws of the State of Georgia, and 
(7) Bonds, bills, notes, certificates of indebtedness, or other obhgatmns of a subsidiary corporation of the Umted States government, which arc fully guaranteed by the Umted States government both as to pnnc1pal 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 Assoc1atmn, and the Federal Nauonal Mortgage Association 
CATEGORIZATION OF DEPOSITS At June 30, 2002, the bank balances were $6,321,889 75 The amounts ofthe total bank balance~ are classified mto three categories of credit nsk 
 
- 15 - 
 
 CITY OF BREMEN BOARD OF EDUCATION HARALSON COUNTY NOTES TO THE GENERAL-PURPOSE FINANCIAL STATEMENTS JUNE 30, 2002 
 
EXHIBIT "F" 
 
Note 2 DEPOSITS 
 
Category I  Cash that is msured (e g, Federal depository insurance) or collaterahzed with secur1t1es held by the School District or by the School Distnct's agent in the 
School D1stnct's name. 
Category 2  Cash collateral1zed with securities held by the pledgmg financial mstnution's 
trust department or agent m the School Distnct's name. 
Category 3  Uncollaterahzed deposits (This includes any bank balance that is collateralized 
with secuntles held by the pledgmg financial institution, or by its trust department or agent but not m the School D1stnct's name.) 
 
The School D1stnct's deposits are classified by nsk category at June 30, 2002, as follows: 
 
Risk Category 
 
Bank Balance 
 
I 
2 3 
Total 
 
$ 183,772 31 6,138,117.44 0 00 
$ 6.321,889,75 
 
Note 3: NON-MONETARY TRANSACTIONS 
 
The School Distnct receives food commod1t1es 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 I - Inventories 
 
Note 4 RISK MANAGEMENT 
 
The School D1stnct 1s exposed to various risks of loss related to torts; theft of, damage to. and destruction of assets, errors or omissions, Job related illness or mJunes to employees, acts of God and unemployment compensatmn 
 
The School D1stnct has obtamed cornmerc1al msurance for nsk of loss associated with torts, assets, errors or omissions and Job related illness or mjwies to employees The School D1stnct has neither s1gn1ficantly reduced coverage for these nsks nor incurred losses (settlements) which exceeded the School D1stnct's msurance coverage in any of the past three years 
 
The School D1stnct has elected to self-insure for all losses related to acts of God The School District has not experienced any losses related to this nsk in the past three years 
 
The School D1stnct 1s self-msured with regard to unemployment compensation claims. The School Distnct accounts for claims withm the sarrye fund that the employee's salary and benefits were paid Claims are accounted for with expenditure and hab1hty bemg reported when 1t 1s probable that a loss has occurred, and the amount of that loss can be reasonably estimated The School Distnct has not mcurred any hab1h11es for unemployment compensation durmg the last two fiscal year~. 
 
- 16 - 
 
 CITY OF BREMEN BOARD OF EDUCATION - HARALSON COUNTY NOTES TO THE GENERAL-PURPOSE FINANCIAL STATEMENTS JUNE 30, 2002 
 
EXHIBIT"F" 
 
Note 4 RISK MANAGEMENT 
 
The School D1stnct has purchased surety bonds to provide add11Ional insurance coverage as follows 
 
Pos11Ion Covered 
 
Amount 
 
Supenntendent Board Treasurer All Other Employees 
 
$ 10,000 00 $ 10,000 00 $ 50.000 00 
 
Note 5 GENERAL LONG-TERM DEBT 
 
CAPITAL LEASES l he City of Bremen Board of Educat10n has entered mto vanous lease agreements as lessee for copiers and mobile classrooms. These lease agreements quahfy as capital leases for accountmg purposes and, therefore, have been recorded at the present value of the future mm1mum lease payments as of the date of their inception. 
 
GENERAL OBLIGATION DEBT OUTSTANDING General Obhgat10n Bonds currently outstanding are as follows 
 
Purpose 
 
Interest Rates 
 
Amount 
 
General Government - Senes 1997 General Government - Series 2001 (Carroll) General Government - Senes 2001 (Haralson) 
 
3 85%-4 30% 36% 3 39% 
 
$ 455,000 00 2,390,000 00 2.540.000.00 
 
$ 5.385.000.00 
The changes in General Long-Term Debt during the fiscal year ended June 30, 2002, were as follows 
 
Capital Leases 
 
General Obhgallon 
Bonds 
 
Total 
 
Balance July I, 2001 
 
$ 157,054 91 $ 1,085,000 00 $1,242,054.91 
 
Additions Capital Leases GO Bonds 
 
21,514 89 
 
21,514.89 
 
4,930,000 00 4,930,000 00 
 
Deductions Debt Retired 
Balance June 30. 2002 
 
I I 9.265 30 
 
630.000 00 
 
749.265 30 
 
$ 59,304.50 $ 5,385,000.00 $ 5,444,304.50 
 
- 17 - 
 
 - - - - - - - - - - --- -- 
 
CJTY OF BREMEN BOARD OF EDUCATION - HARALSON COUNTY NOTES TO THE GENERAL-PURPOSE FlNANCJAL STATEMENTS JUNE 30. 2002 
 
EXHIBIT "F" 
 
Note 5 GENERAL LONG-TERM DEBT 
 
At June 30, 2002, payments due by fiscal year which mcludes pnnc1pal and mterest for these nems arc as follows. 
 
Fiscal Year Ended June 30 
 
Capital Leases 
 
General Obligallon 
Bonds 
 
Total Debt 
 
2003 2004 2005 2006 2007 2008 - 2009 
Total Principal and Interest 
Deduct Imputed Interest 
 
$ 47,097 27 $ 550,855 50 $ 597,952 77 
 
6,832 11 
 
540,789 75 
 
547,621.86 
 
4,044.00 
 
945,495 50 
 
949.539.50 
 
4,044 00 1,030,617.75 1,034,661.75 
 
3.370.00 1,131.381 75 I. 134,751.75 
 
1,843.142 75 1.843. 142 75 
 
$ 65,387 38 $ 6,042.283 .00 $ 6.)07.670.38 
 
6.082 88 
 
Net Present Value of Future 
Minimum Lease Payments $ 59,304.50 
Note 6: ON-BEHALF PAYMENTS 
 
The School District has recognized revenues and expenditures m the amount of $100,766.90 for health msurance and retirement contributions pa.id on the School D1stnct"s behalf by the follm,.1ng State Agencies 
 
Georgia Department of Education Paid to the Georgia Department of Commumty Health For Health Insurance of Non-Certified Personnel In the amount of $88,668 90 
 
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$ I2,098.00 
 
Note 7 SIGNIFICANT COMMITMENTS 
 
The followmg 1s an analysis ofs1gn1ficant outstanding construct10n or renovat10n contracts executed by the School District as of June 30, 2002, together with funding available 
 
- I8 - 
 
 CITY OF BREMEN BOARD OF EDUCATION HARALSON COUNTY 
NOTES TO THE GENERAL-PURPOSE FINANCIAL STATEMENTS 
JUNE 30. 2002 
 
EXHIBIT "f" 
 
Note 7 SIGNIFICANT COMMITMENTS 
 
PrO)ect 
 
Unearned Executed Contracts 
 
Fundmg Available From State 
 
03/02S763-026 Sewell Middle School Renovations 
 
$ 2.775,217 15 $ 473,858 37 1.259,57 I 36 
 
$ 4.034.788,51 $ 473.858,37 
The amounts descnbed m this note are not reflected m the general-purpose financial statements 
 
Note 8 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 Distnct beheves that such d1sallowanccs, 1f any, will be 1mmatenal to its overall financial position. 
 
Note 9 RETIREMENT PLANS 
 
TEACHERS RETIREMENT SYSTEM OF GEORGIA (fRS) 
 
TRS PLAN DESCRJPTION Substant1ally all teachers. admmistrat1ve and clerical personnel employed by local school d1stncts are covered by the Teachers Retirement System of Georgia (TRS), which 1s a cost-sharing multiple employer defined benefit pens10n plan TRS provides service retirement, d1sabihty retirement and survivors benefits for Its members m accordance with State statute The Teachers Retirement System of Georgia issues a separate stand alone financial audit report and a copy can be obtamed from the Georgia Department of Audits and Accounts 
 
TRS CONTRJBUTIONS REQUIRED AND MADE Employees ofthe School District who are covered by TRS are required by State statute to contribute 5% of their gross eammgs to TRS The School District makes monthly employer contnbut10ns to TRS at rates adopted by the TRS Board of Trustees m accordance with State statute and as advised by their mdependent actuary The reqmred employer contnbut10n rate is 9 24% and employer contn but10ns for the current fiscal year and the preceding two fiscal years are as follows 
 
Fiscal Year 
 
Percentage Contributed 
 
Required Contnbut10n 
 
2002 2001 2000 
 
100% 100% 100% 
 
$ 580.997 60 $ 661,27219 $ 6 I6,007 34 
 
 I9  
 
 CITY OF BREMEN BOARD OF EDUCATION HARALSON COUNTY COMBINING BALANCE SHEET SPECIAL REVENUE FUND JUNE 30. 2002 
 
ASSETS 
Cash and Cash Equivalents 
Accounts Receivable 
lnventones Food Donated Commodities Purchased Food 
 
SCHOOL FOOD 
SERVICES FUND 
 
LOTTERY PROGRAMS 
 
$ 
 
139,35318 $ 
 
56,194 97 
 
2,375 35 
 
6,70911 1 67560 
 
Total Assets 
 
$ 
 
14113189 s~_._se_.5_1..,o-=3-2 
 
LIABILITIES AND FUND EQUITY 
LIABILITIES 
Cash Overdraft Accounts Payable Salanes Payable Expired Grant Balances Payable 
Total L1abdrt1es 
FUND EQUITY 
Fund Balances Reserved For lnventones Food Donated Commodities Purchased Food Unreserved Undes,gnated 
Total Fund Equity 
 
$ 
 
6,691 18 $ 
 
16,770 85 
 
32,042 87 
 
41,703 91 
 
9556 
 
$ 
 
38 734 05 $ 
 
58 570 32 
 
$ 
 
6,709 11 
 
1,675 60 
 
100 619 13 $ 
 
000 
 
$ 
 
109 003 84 $ 
 
0 00 
 
Total Liab1lrues and Fund Equity 
 
$ 
 
147 737 89 S_~,;;;58::.5~7..;;0,,;;;3=-2 
 
See notes to the general-purpose finanaal statements . 20. 
 
 EXHIBIT "G" 
 
FEDERAL 
PROGRAMS 
 
TOTALS 
 
JUNE 30, 2002 
 
JUNE 30, 2001 
 
$ 
 
195,548 15 $ 
 
183,292 54 
 
$ 
 
85,63646 
 
88,011 81 
 
34,869 30 
 
6,709 11 167560 
 
8,683 68 2 844 29 
 
$ 
 
85 63646 $ 
 
s 291 944 s1 _-==229==._.68..,9._8_1__ 
 
$ 
 
25,657 55 $ 
 
25,657 55 
 
33,394 68 
 
56,856 71 $ 
 
38,395 05 
 
26,582 99 
 
100,329 77 
 
90,011 61 
 
1 24 
 
9680 
 
431 70 
 
$ 
 
8563646 $ 
 
182 940 83 $ 
 
128 838 36 
 
$ 
 
$ _ _ _---'0~00~ 
 
$ 
 
000 $ 
 
6,70911 $ 1,675 60 
 
8,683 68 2,844 29 
 
100 619 13 
 
89 323 48 
 
109 003 84 s _ _1~0~0~8~51_4~5~ 
 
$ 
 
85 636 46 S 
 
291 944 s1 s_===2..2_9._.68_9..._81.,, 
 
- 21 - 
 
 CITY OF BREMEN BOARD OF EDUCATION - HARALSON COUNTY 
 
COMBINING STATEMENT OF REVENUES. EXPENDITURES AND CHANGES IN FUND BALANCES 
 
- 
 
SPECIAL REVENUE FUND 
 
YEAR ENDED JUNE 30. 2002 
 
REVENUES 
State Funds Federal Funds Other Funds 
Total Revenues 
EXPENDITURES 
Current lnstructJon Support Services Pupil Services Improvement of lnstruCIJonal Serv,ces Educallonal Media Services General Administration School Adm1n1stratIon Maintenance and Operabon of Plant Student Transportation SeMces Food Services Operallon 
Total Expendrtures 
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 Penod Donated Commodities Purchased Food 
 
SCHOOL FOOD 
SERVICES FUND 
 
LOTTERY PROGRAMS 
 
$ 
 
39,318 00 $ 
 
404.83919 
 
158,076 18 
 
322,326 89 
 
$ 
 
51972107 $ 
 
404 839 19 
 
$ 
 
371,388 56 
 
13,00300 
5,679 30 
 
15,16405 
 
5,456 51 
 
$ 
 
508,425 42 
 
$ 
 
508,425 42 $ 
 
41069142 
 
$ 
 
11,295 65 $ 
 
-5,852 23 
 
$ 
 
11,295 65 $ 
 
100,851 45 
 
-1,974 57 -1 168 69 
 
5 852 23 
000 000 
 
FUND BALANCE JUNE 30 
 
$ 
 
1091003 84 $ =~----0.0..0;;;., 
 
See notes to the general-purpose financial statements - 22 - 
 
 EXHIBIT"H" 
 
FEDERAL PROGRAMS 
 
TOTALS 
 
YEAR ENDED 
 
JUNE 30, 2002 
 
JUNE 30, 2001 
 
$ 
 
444,15719 $ 
 
334,596 30 
 
$ 
 
485,358 12 
 
643,434 30 
 
738,32510 
 
3 250 00 
 
325,576 89 
 
309,258 70 
 
$ 
 
488 60812 $ 1,413,16838 $ 1,382,18010 
 
$ 
 
208,438 68 $ 
 
579,827 24 $ 
 
487,269 82 
 
34,797 51 234,454 98 
85 53 12,19783 
10,734 78 
 
47,800 51 240,134 28 
85 53 27,361 88 
5,456 51 10,734 78 508 42542 
 
40,259 82 336,979 97 
22,208 99 41 76 
5,262 00 
502 188 76 
 
$ 
 
500 709 31 $ 1,419,82615 $ 139421112 
 
$ 
 
-12, 101 19 $ 
 
-6,657 77 $ 
 
-12,031 02 
 
12 101 19 
 
17 953 42 
 
1178560 
 
$ 
 
000 $ 
 
11,295 65 $ 
 
-245 42 
 
000 
 
100,851 45 
 
100,489 03 
 
-1,974 57 -1 168 69 
 
855 51 -247 67 
 
$ 
 
000 S 
 
s _ _ 100 003 64 
 
1_0_0_8..,5._14_5._ 
 
1 
 
- 23 - 
 
 CITY OF BREMEN BOARD OF EDUCATION - HARALSON COUNTY COMBINING BALANCE SHEET CAPITAL PROJECTS FUND JUNE 30. 2002 
 
ASSETS Cash and Cash Equrvalents Accounts Receivable Prepaid Items 
 
BOND PROCEEDS 
 
GEORGIA STATE FINANCING AND 
INVESTMENT COMMISSION 
 
$ 4,852,626 90 
 
$ 
 
117,098 63 
 
Total Assets 
 
$ 4,852,82890 $ ~ _.1..1.7...__09_8 6_3_ 
 
LIABILITIES AND FUND EQUITY 
LIABILITIES 
Cash Overdraft Accounts Payable Contracts Payable Reta,nages Payable 
Total l.JabdrtJes 
FUND EQUITY 
Fund Balances Reserved For Purpose of Bond Issue For SPLOST Projects Unreserved Undes,griated 
Total Fund Equity 
Total l.Jab1httes and Fund Equity 
 
$ 
 
94,846 26 
 
$ 
 
22 00 
 
20,02713 
 
2 225 24 
 
$ 
 
2200 $ 
 
117,098 63 
 
$ 4,852,604 90 
000 $ $ 4,852,604 90 $ 
 
000 000 
 
s ___ $ 4 as2 626 90 
 
1-1""1_0..9.8..63...._ 
 
11 
 
See notes to the general-purpose finanaal statements - 24 - 
 
 EXHIBIT "I" 
 
SPECIAL PURPOSE LOCAL OPTION SALES TAX 
 
TOTALS 
 
JUNE 30, 2002 
 
JUNE 30, 2001 
 
$ 4,852,626 90 $ 
 
768,317 87 
 
$ 
 
308,047 07 
 
425,145 70 
 
208,685 82 
 
652 57 
 
$ 
 
308 047 07 $ 5,277,772 60 $_....;9~77.;..,::6;:;;56.,2=6= 
 
$ 
 
85,890 50 $ 
 
180,736 76 
 
2200 $ 
 
17,719 09 
 
20,027 13 
 
2 225 24 
 
0 028 10 
 
$ 
 
85 890 50 $ 
 
20301113 $ _ _~2=6~7~47~10~ 
 
$ 4,852,604 90 $ 
 
182,109 19 
 
$ 
 
222, 156 57 
 
222,156 57 
 
768,709 88 
 
000 
 
000 
 
000 
 
$ 
 
222,156 57 $ 5 074 761 47 $ - ~ =050=90~9 07- 
 
$ 
 
308 047 07 $ 5,277,772 60 $=~0~77.;,,i;:,656=,;;;26;,,, 
 
- 25 - 
 
 CITY OF BREMEN BOARD OF EDUCATION - HARALSON COUNTY COMBINING STATEMENT OF REVENUES. EXPENDITURES AND CHANGES IN FUND BALANCES 
CAPITAL PROJECTS FUND 
YEAR ENDED JUNE 30 2002 
 
REVENUES 
State Funds Taxes Other Funds 
Total Revenues 
EXPENDITURES 
Current Support Serv,ces Business Adm1nlstrahon 
Caprtal Outlay Salanes Employee Benefits Land and Land Improvements Building and Building Improvements Equipment 
DebtS8MC8 Pnncipal Interest 
Total Expendrtures 
Excess of Revenues over (under) Expendrtures 
OTHER FINANCING SOURCES IUSESl 
CaprtalLeases Proceeds from General Obhgat1on Bonds 
Par Value Operating Transfers In Operahng Transfers Out 
Total Other Financing Sources (Uses) 
Excess of Revenues and Other Financing Sources over (under) Expendrtures and Other F1nancmg Uses 
FUND BALANCE JULY 1 
FUND BALANCE JUNE 30 
See notes to the genera~purpose financial statements 
- 26 - 
 
BOND PROCEEDS 
 
GEORGIA STATE FINANCING AND 
INVESTMENT COMMISSION 
 
$ 
 
117,098 63 
 
$ 
 
49 278 10 
 
$ 
 
49 278 10 $ 
 
117 098 63 
 
$ 
 
102,000 00 
 
6,000 00 1,313 76 
$ 95,86346 
 
67,558 32 5 782 96 
 
$ 
 
278,518 50 $ 
 
$ -229,240 40 $ 
 
15,00000 139,724 63 
154 724 63 -37,626 00 
 
$ 4,742,793 35 156 852 76 $ 
s 4,899,646 11 $ 
$ 4,670,405 71 $ 182 19919 
 
37,626 00 37,626 00 
000 000 
 
$ oo 418521604 s~--=-o_oo-= 
 
 EXHIBIT "J" 
 
SPECIAL PURPOSE LOCAL OPTION SALES TAX 
 
TOTALS 
 
YEAR ENDED 
 
JUNE 30, 2002 
 
JUNE 30, 2001 
 
$ 
 
32,068 26 S 
 
149,166 89 $ 
 
70,00000 
 
519,305 37 
 
519,305 37 
 
566,674 84 
 
32 281 79 
 
8155989 
 
3156769 
 
$ 
 
583,655 42 $ 
 
750 032 15 $_~668~=2~42~5=3~ 
 
$ 
 
102,000 00 
 
$ 
 
894,949 53 
 
6,000 00 $ 1,31376 15,000 00 1,130,537 62 
 
5,824 56 1,587 55 46,351 00 549,00544 176,257 76 
 
36,611 81 4168 63 
 
104,170 13 9 951 59 
 
65,467 55 6 736 79 
 
$ 
 
935 729 97 $ 1,368,97310 $ 
 
851,230 65 
 
$ 
 
-352 074 55 $ 
 
-618 940 95 $ 
 
-182 988 12 
 
$ 
 
106,209 78 
 
$ 4,742,793 35 
 
194,478 76 
 
$ 
 
-194 478 76 
 
-194 478 76 
 
181,390 62 -181 376 68 
 
$ 
 
-194 478 76 $ 4,742,793 35 $ 
 
106,223 72 
 
$ 
 
-546,553 31 $ 4,123,852 40 $ 
 
-76,764 40 
 
768 709 88 
 
950,909 07 
 
1 027 673 47 
 
$ 
 
222 156 57 $ 5 074 761 47 s _ _9=-S0=909=_o_7_ 
 
- 27 - 
 
 CITY OF BREMEN BOARD OF EDUCATION - HARALSON COUNTY SCHEDULE OF EXPENDIJ\/RES OF FEDERAL AWARDS YEAR ENDED JUNE 30 2002 
 
SCHEDULE "1" 
 
FUNDING AGENCY 
PROGRAM/GRANT 
Agnailture, u S Departmem of 
Child NutnOon Cluster Pass-Through From Georgia Departmen1 of Education Food and NutnbOn Program Food 5eMces Sdlool Breakfast Program National School Lwl<h Program 
Total Ctuld Nutrttlon Ck.J1ter 
Other Programs Paaa-Ttrough From Georgia Departmen1 of Education Food and Nutrition Program Food D,gtribuhon Program (1) 
Total U S Department of Agriculture 
Education U S Departmem of Special Educatton Ouster Pass-Through From Georgia Departmen1 of Education lndrviduels wtth OtaabOlttes Educabon Ad Part B - Speaal Education Capacrty Bu11dsng Improvement Flow Through Preschool 
Total Speaal Education Cluster 
Other Programs 
Direct 
Elemenlary and Secondary Education A,;, TIiie VII Part B - Foreign Language Assistance 
Pass-Through From Georgia Department of Education 
ComprehenlM!!I Sdlool Reform Demonstrabon Protect 
Elementary and Secondary Eduaitlon Act 
Trtle I Grant& to Local Educabonal Agendas 
TIiie II Eisenhower Professional Development 
TIiie VI looovatrve EducabOn Program Strategies 
c1a.. Size Reduebon 
Stewart B McKinney Homeless Assistance A,;, 
EducabOn for Homeless Chaktren and Youth VocabOnal Educatton - Basic Grants to States 
High School Program Beale Grant 
Total U S Departmen1 of Educatlon 
National Endowment for the Arts Pa56-Through From Georgia COuncil for the Art& Promotion of the Arts Partnership Agreement 
 
CFDA NUMBER 
 
PASSTHROUGH 
ENTITY ID 
NUMBER 
 
FEDERAL REVENUE IN PERIOD 
 
EXPENDITURES IN PERIOD 
 
10553 10555 
 
NIA s 20 915 71 
 
NIA 
 
108,163 13 s 
 
s 129,078 84 s 
 
(2) 479 428 08 (3) 
479 428 08 
 
10 550 
 
NIA 
 
28 997 34 
 
s 158,076 18 s 
 
28 997 34 508 425 42 
 
84 027 84 027 84 173 
 
s NIA 
 
4,462 00 s 
 
NIA 
 
203,863 08 
 
NIA 
 
32,257 39 
 
s 240 582 47 s 
 
4 462 00 203 863 09 (3) 
32 257 39 
240 582 48 
 
84 293 84 332 84 010 84 281 84 298 84 340 84 196 84 046 
45 025 
 
5351362 
 
NIA 
 
52,000 00 
 
NIA 
 
111,84965 
 
NIA 
 
17 500 00 
 
NIA 
 
8,193 00 
 
NIA 
 
22 885 00 
 
NIA 
 
9 000 00 
 
NIA 
 
10 368 00 
 
s 523 871 74 s 
 
53,614 75 (3) 52,044 09 (3) 
111,849 65 17,505 40 (3) 6 193 00 22 877 83 (3) 
9 000 00 
23 842 00 (3) 537 309 20 
 
NIA s 15,000 00 S 
 
17 014 88 (3) 
 
Total Federal Financial Aaatstance NIA ., Not Ava~able 
 
-28 - 
 
s 696 947 92 S 
 
1,062 749 48 
 
 CITY OF BREMEN BOARD OF EDUCATION - HARALSON COUNTY SCHEDULE OF EXPENDIJURES OF FEDERAL AWARDS YEAR ENDED JUNE 30 2002 
 
SCHEDULE "1" 
 
Notes to Jhe Schedule ot Exoendltures of Federal Awards 
(1) The amounts shown for the Food Dtslrlbutlon Program represents the Federally assigned value of nonmonetary assistance for donated commod,Oes received and/or consumed by the system dunng the OJIT8nt fiscal year 
(2) Expenditures for the School Breakfast Program were not maintained separately and are included In the 2002 National School Lunch Program 
(3) Expendou"" for this program Include Stale, and/or Other Funds Expenditures are not maintained by fund source 
MaJor Programs are ldentrfied by an asterisk (*) In front of the CFDA number 
The Sdlool Dlstnct dld not provide Federal Aaslstance to any Subreaptent 
The accompanying schedule of expenditures of Federal awarda lndudes the Federal grant actrvlty of the City of Bremen Board of Educat>n and IS presented on the mod1fted aca\l8I ba&ls of account.lg which ,s the basis of accounting used In the presentation of the general-purpose financial statements 
 
See notes to the general-purpose flnanc&al statements 
 
- 29 - 
 
 CITY OF BREMEN BOARD OF EPUCAJION  HARALSON COUNTY SCHEDULE OF STATE REVENUE 
YEAR ENPEP JUNE 30 2002 
 
SCHEDULE"? 
 
AGENCYtfUNPING 
GRANTS Educabon, Geo<goa Department or Quahty Basic Educabon 
D.recl lnttrucbonal Cost 
Kmdergarten Program 
Ku~rten Program Earty ln1ervenbon Program 
Pnmary Gradel (1-3) Program Pnmary Grades Earty lntervenbou (1-3) Program Upper ElemElltary Grades (4-5) Program Upper Elementary Grades (4-5) Earty Intervention 
Program M,ddle Grades (6-8) Program High Scllool General Educat>on (!1-12) Program YOC811onel Laboratory (!1-12) Program Students with Olsab1hbes 
Category I CStogory II CStogorylll Cotego<y N C8togory V Gifted Student  Ca1egory YI AltematJve EduCabOn Program 
Media Cenlef Program 20 Day, Addlbonel lnstruct,ou Staff and Proteasronal QeM\ie"'IOpt"""m"'''"'nt Indirect Cost Catego,"'"' Grants 
Pl4)01 Tranapor!abOn Reguler 
Bus Roplacement 
Spararty NUl'Slng Services Pnncipal ~plements 
Vocat,onal Supe,v,''" EducabOn EquallzabOn Funding Grant Food ServteeS Yocabonal EducatJon ClttlOf Slate Programs 
Grades 4-B Slll1"'Mdo After Scllool Program 
Health Insurance K-3 Statewide Roadmg Program Nabonal Toacher Corbficabon 
-veNext Generation Schools 
Preschool Handicapped Program Lottery Programs 
Technology Computers In the Classroom 
Georgia State F1nanong and Investment Corrrn1ssron Reuntxusement on ConstructJon Proiect,; 
Office of School Readiness Pre-Kindergarten Program 
Office of Treasury and F15CSI SerVlces Pub\,c School E""'""""'" Retirement 
CONTRACT Transportation Georg&& Department of Paving PrOjOCI R e , ~ 
 
GOVERNMENTAL FUND TYPES 
 
SPECIAL 
 
CAPITAL 
 
GENERAL 
 
REVENUE 
 
PROJECTS 
 
FUND 
 
FUND 
 
FUND 
 
TOTAL 
 
s 427 807 00 
65,617 00 892 983 00 109 964 00 507,451 00 
27,347 00 900,901 00 663 856 00 201 071 00 
44 069 00 82 288 00 451 396 00 162,449 00 
6,26600 143 303 00 64 474 00 146 803 00 
44,493 00 27 032 00 1 025 626 00 
 
1162800 4 442 00 35 889 00 46,686 00 6,104 00 7,862 00 688 146 00 
s 
4 596 00 
 
39 318 00 
 
11112 00 
BB 668 90 
1550741 5 131 00 
75 000 00 31,650 00 
 
5 815 44 56 225 35 
 
s 427 807 00 
65 617 00 892 983 00 109,964 00 507,451 00 
27,347 00 900,901 00 663 856 00 201 071 00 
44 069 00 B2 288 00 451 396 00 162 449 00 
6,266 00 143,303 00 64 474 00 146 803 00 44 493 00 27 032 00 1,025 626 00 
1162800 4 442 00 35 889 00 46 686 00 6 104 00 7 862 00 688,146 00 39,318 00 4 596 00 
1111200 88,668 90 15 507 41 
5,131 00 
75 000 00 
31 650 00 
5 815 44 58 225 35 
 
S 117 098 63 
340,798 40 12 098 00 
 
11709863 340,798 40 
1209800 
 
32,068 26 
 
32 068 26 
 
See notes to the general-purpoae flnanaal statements 
 
S 7 039 706 31 $ 444 157 19 S 1491166 89 S 7 633 030 39  30- 
 
 CITY OF BREMEN BOARD OF EDUCATION - HARALSON COUNTY SCHEDULE OF APPROVED LOCAL OPTION SALES TAX PROJECTS 
YEAR ENDED JUNE 30 2002 
 
SCHEDULE "3" 
 
PROJECT 
HARALSON COUNTY The addltlon to and the renovation, repair acquisition improvement and equipping of, exlsUng school bLNldngs, the acq1.11srtMJn of system-wKle lechnology, school ttansportabon vehicles end a new media center and the necessary property therefore end for future schoots, all at a maximum cost of $4,000,000 00 
CARROU COUNTY Func:hng the acquisrtlon, construction renovation, extending end equipping of caprtal outlay pro)&C!S ttvoughoul the Bremen School System, 1nclud1ng apec,flcally bu1 wlthou1 hmrte~on reoovetions, exterlStOllS and eqLapp1ng of H A Jones Elemenrtery School to mdude a new dassroom and cafetena addlbons and other mprovernents at Bremen High School to mclude a cafetena exten:s,on and other ,mprovemems, at Sewell Middle School to include a new saence end tedmology lab and other improvements and construcbng a new physk::al educatJon feahty, mdudlng the ecquos/llon of ei property, bo1h reel end personal, necassery therefor (the "Bremen School Projects"), Iha maximum cost of such Bremen School Proiects not to exceed $2,900,000 00 
 
ORIGINAL ESTIMATED 
COST (1) 
 
CURRENT ESTIMATED COSTS(2) 
 
AMOUNT EXPENDED IN CURRENT YEAR (3) 
 
AMOUNT EXPENDED IN PRIOR YEARS (3) 
 
PROJECT STATUS 
 
s 4,000,000 oo s 4,000,000 oo s 562 136 n s 3,220,397 42 Ongoing 
 
2,900,000 00 2 900,000 00 
 
843 467 35 1,506,219 48 
 
Ongoing 
 
$ 6,900,000 00 $ 6,900,000 00 $ 1,405,604 12 $ 4,726 616 90 
 
(1) The School Dlstnct's ong1nal cost estimate as speafied 1n the resolutJon callmg for the 1mposrtion of the Local Option Sales Tax 
(2) The Sdloot Dlstnd's current esllmate of total cost for the pro,ects Includes au cost from pro,ed i:ncephon to complebOn 
(3) The voters of Harelson County, Carroil County and the City of Bremen approved the 1mpos1boo of a 1% Hies tax to fund the above prDjeCtS and retre assooeted debt Amounts expended for these pro,eds may 111dude sales tax 
proceeds state, local property taxes and/or other funds over the Ufe of Iha projects 
 
See notes to the general-purpose ftnancial statements 
 
- 31 - 
 
 CITY Of BREMEN BOARD OF EDUCATION  HARALSON COUNTY GENERAL FUND  QUALITY BASIC EDUCATION PROGRAM /QBE) 
l\bbOJMENTS ANP EXPENDITURES  BY PROGRAM YEAR ENDED JUNE 30 2002 
 
SCHEDULE "4" 
 
DESCRIPTION 
Dlrect lnstnJCbOnal Programs Kindergarten Program Kindergarten Program-EarlyI -Program Pnmary Grades (1-3) Program Pnmary Grades-Early ln1ervenbon (1-3) Program Upper Elomemary Gracteo (4-5) Program Upper Elemen1ary Grades-Early lmorven!Jon (4-5) Program Moddle Gradel (6-11) Program Middle School (6-11) Program High School General Education (9-12) Program Vocahonal Laboratory (9-12) Program Sludems with Disab1itles Category I Category II CotegOI)' Ill CotegOI)' IV Category V GH\ed Slud9n1 - Calegor, VI Remedial Education Program AJtematlve EducabOn Program 
TOTAL DIRECT INSTRUCTIONAL PROGRAMS 
Media Center Progrsm Staff and Profeal,onal DevelOpmam 
 
ALLOTI.IEN"TS FROM GEORGIA DEPARTI.IEN"T OF EDUCATION (1) 
 
ELIGIBLE QBE PROGRAM COSTS 
 
SALARIES 
 
OPERATIONS 
 
TOTAL 
 
s 
 
455 85800 s 404,153 53 s 
 
10 485 B1 $ 
 
414,63914 
 
69 919 00 
 
75 321 54 
 
23 95 
 
75 345 49 
 
951 535 00 1 198,001 64 
 
21,993 35 
 
1,219 994 99 
 
11716400 
 
125,049 4B 
 
125 049 48 
 
540,667 00 
 
656,983 02 
 
14 343 73 
 
673,206 75 
 
29,197 00 959 972 00 707,364 00 214,255 00 795,413 00 
152,69800 68 701 00 
 
65 160 13 
1 047,899 31 1 044,531 83 
146 476 35 
8,956 36 83,19340 464,60043 128 160 59 
59 63 212,431 T7 
28,523 11 48,195 64 
 
23 95 1271151 
3,709 50 31,03766 
650 00 
33444 13 835 50 
 
65,164 08 12 711 51 1,051,608 81 1,075,569 51 147,126 35 
8 956 36 83 19340 464 600 43 128,160 59 
59 63 212 766 21 
28,523 11 61,83114 
 
$ 
 
5 062,763 00 $ 5 759,597 78 $ 106,949 22 s 5,BBB 546 98 
 
156 429 00 28,604 00 
 
180,266 58 3 604 56 
 
29,755 96 25,602 83 
 
190 022 54 2920741 
 
TOTAL QBE FORMULA FUNDS 
 
s 
 
5,247 996 00 $ 5 923 466 92 $ 164 308 01 $ 6 067 776 93 
 
(1) Compnsed of State Funds plus Local Five MIii Sheie 
 
See notes to the general-purpose flnanoal statement& 
 
 32  
 
 CITY OF BREMEN BOARD OF EDUCATION - HARALSON COUNTY GENERAL FUND - QUALITY BASIC EDUCATION PROGRAM (QBE) 
ALLOTMENTS AND EXPENDITURES - BY SITE YEAR ENDED JUNE 30. 2002 
 
SCHEDULE 5 
 
SITE Sewell Middle School Bremen High School Jones Elementary School Central Office (Altematrve Education Program) 
TOTAL 
(1) Comprised of State Funds plus Local F,ve Mill Share 
 
ALLOTMENTS FROM GEORGIA DEPARTMENT OF EDUCATION (1) 
 
ELIGIBLE QBE PROGRAM COSTS 
 
$ 
 
1,188,208 00 $ 
 
1,314,759 60 
 
1,245,161 00 
 
1.550,194 22 
 
2,560,693 00 
 
2,989,957 66 
 
68 701 00 
 
13 635 50 
 
$ 
 
s10021763 oo s 
 
518681546 98 
 
See notes to the general-purpose financ,al statements - 33 - 
 
 SECTION II COMPLIANCE AND INTERNAL CONTROL REPORTS 
 
 {L',.S~I I W. HNTO, 
STATE ,IJJDITOR 140,ti 15~2, ,~ 
 
DEPARTMENT OF AUDITS AND ACCOUNTS 
254 W.1~hmg1on ~lrcet, ~ W Suite 214 AIIJnlJ, Gcorg1J 10114-1\4()(1 
June 25, 2003 
 
llonorablc Sonny Perdue, Governor Member~ of the General Assembly Members of the State Board of Education 
and Superintendent and Members of the C1ty of Bremen Board of Educal!on 
REPORT ON COMPLIANCE AND ON INTERNAL CON fROL OVER FINANCIAL REPORTNG BASED ON AN AUDIT OF FINANCIAL STATEMENTS PERFORMED IN ACCORDANCE WITH GOVERNMENT AUDITING STANDARDS 
Ladies and Gentlemen 
We have audited the financial statements of City of Bremen Board of Education as of and for the year ended June 30, 2002, and have issued our report thereon dated June 25, 2003 This report was qualified for vanous departures from generally accepted accounting principles, as 1denuficd in the auditor's report on the general-purpose financial statements We conducted our audit in accordance with auditing standards generally accepted in the Umted States of America and the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the Umted States 
Compliance 
As part of ohtaining reasonable assurance about whether City of Bremen Board of Education's financial stalements are free of material misstatement, we performed tests of its compliance with certain prov1s1ons of laws, regulat10ns, contracts and gnmts. noncompliance \\1th which could have a direct and matenal effect on the determination of financial statement amounts However, providing an op1mon on compliance mth those prov1s10ns was not an obJecuve of our audit, and accordingly, we do not express such an opinion fhe results ofour te~t~ disclosed no in~tances ofnoncompliance that are required to be reported under Government Auditing Standards 
Internal Control Over Financial Reporting 
In planning and performing our audit. we considered City of Bremen Board of Education'~ internal control over financial reporting in order to determine our auditing procedures for the purpose of expressing our opin10n on the financial statements and not to provide assurance on the internal 
2002YB-41 
 
 control over financial reporting. However, we noted a certam matter mvolving the mternal control over financial reportmg and its operauon that we consider to be a reportable cond1uon Reportable cond111ons mvolve matters commg to our attention relating to s1gmficant deficiencies in the design or operauon ofthe internal control over financial reporting that, in ourJudgment, could adversely affect City of Bremen Board ofEducat10n's ability to record, process. summanze and report financial data consistent wtth assertions of management in the financial statements The reportable cond111on 1s described in the accompanying Schedule of Findings and Questioned Costs as uem FS-7631-02-0 I 
A matenal weakness 1s a condition m which the design or operation of one or more of the internal control components does not reduce to a relauvely low level the nsk that misstatements in amounts that would be matenal in relation to the financial statements bemg audued may occur and not be detected wtthin a umely penod by employees in the normal course of performing theu assigned funct10ns. Our consideration of the internal control over financial reporting would not necessarily disclose all matters in the intemaJ control that might be reportable conditions and, accordingly, would not necessarily disclose all reportable cond111ons that are also considered to be matenal weaknesses. However, we consider item FS-7631-02-0 I to be a matenal weakness. 
This report 1s intended solely for the informauon and use of the management, members ofthe City of Bremen Board of Education, Federal awarding agencies and pass-through enIllies and is not intended to be and should not be used by anyone other than these specified parties. 
---Respectfully submitted, 
 
RWHgp 2002YB-41 
 
Hinton State Auditor 
 
 :u~~i,,11 W. H1NJON 
STATF AUDI IQR 
{404) &>6-2174 
 
DEPARTMENT OF AUDITS AND ACCOUNTS 
254 W.1.shmgton Street.~ W Suite 214 AtlJnta. Georgi 30334-8400 
June 25. 2003 
 
Honorable Sonny Perdue, Governor Members of the General Assembly Members of the State Board of Education 
and Supenntendent and Members of the City of Bremen Board ofEducallon 
REPORT ON COMPLIANCE WITH REQUIREMENTS APPLICABLE ro EACH MAJOR 
PROGRAM AND ON INTERNAL CONTROL OVER COMPLIANCE IN ACCORDANCE WI fH 0MB CIRCULAR A-133 
Ladies and Gentlemen. 
Compliance 
We have audited the compliance of City of Bremen Board ofEducat1on with the types ofcompliance requirements described in the US Ojjice of Management and Budget (0MB) C1rc11lar A-133 Comphance Supplement that are applicable to each of1ts maJor Federal programs for the year ended June 30, 2002 City of Bremen Board of Education's major Federal programs arc 1dent1fied in the Summary of Auditor's Results Section of the accompanying Schedule of Findings and Questwned Costs Compliance with the requirements of laws, regulauons, contracts and grants applicable to each of its maJor lederal programs 1s the respons1b1lity of City of Bremen Board of Education's management. Our respons1b1lity 1s to express an opm1on on City of Bremen Board of l::ducat1on's compliance based on our audit 
We conducted our audit of compliance m accordance with aud1tmg standards generally accepted m the Umted States of Amenca. the standard~ applicable to financial audits contamed m Government Aud1tmg Standards. issued by the Comptroller General of the Umted States. and 0MB Circular Al 33. A11d111 of States, Local Governments. and Non-Profit Orgam=atwns 1 hose standards and 0MB Circular A-133 require that we plan and perform the audit to obtam re~onable a~sumnce ahout whether noncompliance with the types ofcompliance requirements referred to above that could have a direct and material effect on a maJor Federal program occurred An audit includes exam ming, on a test bas1~. evidence about the City of Bremen Board of Educat10n's compliance with those requirements and perfonnmg ~uch other procedure~ as we considered necessary in the c1rcumstances We believe that our audit provides a reasonable baMs for our op1mon Ou, audit does not provide a legal detenninauon on City of Bremen Board ofEducallon's compliance 1th those requ1remen~ 
w, 
2002SA-I0 
 
 In our opimon, the Cny of Bremen Board of Educat10n complied. in all matenal respects, With the reqmrements referred to above that are applicable to each of its maJor Federal programs for the year ended June 30, 2002. 
Internal Control Over Compliance 
The management of City of Bremen Board of Education 1s responsible for establishing and maintaining effective mtcrnal control over compliance With requirements of laws, regulations. contracts and grants applicable to Federal programs In planmng and performing our audit, we considered City of Bremen Board of Education's internal control over compliance With reqmrements that could have a direct and material effect on a maJor Federal program in order to determine our audning procedures for the purpose of expressing our op1mon on compliance and to test and report on internal control over compliance in accordance With 0MB Circular A-133 
Our cons1derauon of the internal control over compliance would not necessanly disclose all matters in the internal control that might be matenal weaknesses A material weakness 1s a cond1tton in which the design or operatton of one or more ofthe internal control components does not reduce to a relattvely low level of nsk that noncompliance With applicable requirements oflaws, regulattons, contracts and grants that would be matenal in relat10n to a maJor Feder-di program being audited may occur and not be detected within a ttmely penod by employees in the normal course of performing thetr assigned functions. We noted no matters involving the internal control over compliance and its operatton that we consider to be matcnal weaknesses 
Thi~ report is intended solely for the informat10n and use ofthe management. members ofthe City of Bremen Board ofEducatton, Federal awardmg agencies and pass-through entitles and 1s not mtended to be and should not be used by anyone other than these specified parties 
---~Respectfully submitted, 
 
RWHgp 2002SA-I0 
 
State Auditor 
 
 SECTION Ill AUDITEE'S RESPONSE TO PRIOR YEAR FINDINGS AND QUESTIONED COSTS 
 
 CITY OF BREMEN BOARD OF EDUCATION - HARALSON COUNTY AUDITEE'S RESPONSE 
SUMMARY SCHEDULE OF PRIOR YF AR FINDINGS AND QUESTIONED COSTS YcAR ENDED JUNE 30, 2002 
 
PRIOR YcAR FINANCIAL STATEMENT FINDINGS AND QUESTIONED COSTS 
 
FINDING CONTROL NUMBER AND STATUS 
 
FS-7631-00-01 FS-7631-01-01 
 
Further Action Not Warranted Unresolved - See Corrective Action/Responses 
 
CORRECTIVE ACTION/RESPONSES 
 
GENERAL FIXED ASSETS Failure to Maintain General Fixed Assets Account Group FmdmgControl Number: FS-7631-01-01 
 
The School District has contracted v.,1th Amencan Appraisal Associates to cap1taliLe assets m excess of $10,000 00 and to mamtam an inventory of computer eqmpment and assets valued at $1,000.00 to $9,999.00. The School District 1s currently workmg m con3unct1on with the Depart111ent of Education to add the fixed asset software (FASgov Capital Assets Inventory) to the PC Genesis program. 
 
PRIOR YEAR FEDERAL AWARD FINDINGS AND QUESTIONED COSTS 
 
FINDING CONTROL NUMBER AND STATUS 
 
FA-7631-01-01 
 
Previously Reported Correcllve Action Implemented 
 
 SECTION IV FINDINGS AND QUESTIONED COSTS 
 
 CITY OF BREMEN BOARD OF EDUCATION - HARALSON COUNTY SCHEDULE OF FINDINGS AND QUESTIONED COSTS YEAR ENDED JUNE 30, 2002 
SUMMARY OF AUDITOR'S RESULTS 
Type of Report Issued on the Financial Statements The auditor's opinion on the City of Bremen Board of Education's financial statements was qualified for various departures from generally accepted accounting pnnc1ples 
2. Reportable Conditions in Internal Control Disclosed by the Audit of the Financial Statements The audit report for the City of Bremen Board ofEducal!on disclosed a financial statement reportable cond1t10n related to the following control category 
General Fixed Assets 
The reportable condition described above 1s considered to be a matenal weakness 
3 Noncomphance Matenal to the Financial Statements The audit of the City of Bremen Board of Education disclosed no instances of noncompliance that were deemed to be matenal to the financial statements 
4 Reportable Condit10ns in Internal Control Over Ma1or Programs The audit report for the City of Bremen Board of Education did not disclose any reportable conditions in internal control over major programs 
5 Type of Report Issued on Compliance for Ma1or Programs The auditor's op1ruon on the City of Bremen Board of Education's report on comphance with reqmrements apphcable to major programs was unquahfied 
6 Audit Fmdmgs Required to be Reported by Section 510(a) ofOMB Circular A-133 The City of Bremen Board of Education's audit did not disclose audit findings reqmred to be reported by section 510(a) ofOMB Circular A-133 
7 Major Programs Federal awards audited as ma1or programs are as follows IO 553 Food and Nutnt1on Program - Food Services - School Breakfast Program I 0.555 Food and Nutrit10n Program - Food Services - Nat10nal School Lunch Program 84.010 Elementary and Secondary Educat10n Act - Title I - Grants to Local Educat10nal Agencies 
8 Type "A" Program Dollar Threshold The dollar threshold for type "A" programs was $300,000 00 
9 Low Risk Aud1tee The City of Bremen Board of Educat10n did not qualify as a low nsk audnee as defined by Section 530 of 0MB Circular A-133 
- I- 
 
 CITY OF BREMEN BOARD OF EDUCATION - HARALSON COUNTY SCHEDULE OF FINDINGS AND QUESTIONED COSTS YEAR ENDED JUNE 30, 2002 
II FINANCIAL STATEMENT FINDINGS AND QUESTIONED COSTS GENERAL FIXED ASSETS Failure to Maintain General Fixed Assets Account Group Reportable Cond111on - Material Weakness Repeated From Prior Year Finding Control Number FS-7631-02-01 The City of Bremen Board of Education did not maintain a system-wide General Fixed Assets Account Group withm the formal accounting records as required by generally accepted accounting pnnc1pals ThIS cond1t1on results in the general-purpose financial statements of the School District being mcomplete and not in accordance with generally accepted accounting pnnc1ples Appropnate act10n should be taken by the School District to establish accounting controls and procedures to provide for maintenance ofa General Fixed Assets Account Group. These subsidiary records should include an inventory of land, bmldmgs and equipment owned by the School District and should include, but may not be limited to, date acquired, acqms1t10n cost. esnmatcd replacement cost, location and descnpt10n Detailed records should be maintamed of all add1t1ons and deletions to the General Fixed Assets Account Group Management's Response The School D1stnct has contracted with American Appl'!llsal to cap1tali.le assets in excess of $10,000 00 and to mamtam an mventory of computer eqmpment and assets valued at $1,000 00 to $9,999 00 The School D1stnct is currently working to meet this audit requirement at the end of the fiscal year 2003 audll, as well as, GASB 34 reqmrements lil FEDERAL AWARD FINDINGS AND QUESTIONED COSTS No matters were reported 
-2 -