- Collection:
- Georgia Government Publications
- Serial:
- Audit report. University of Georgia, Athens, Georgia / State of Georgia.
- Title:
- Audit report, state of Georgia, University of Georgia, Athens, Georgia, year ended June 30, 1994
- Creator:
- Georgia. Department of Audits and Accounts
- Contributor to Resource:
- University of Georgia.
Georgia. Department of Audits and Accounts. - Publisher:
- Atlanta, Ga. : Dept. of Audits and Accounts
- Date of Original:
- 1993/1994
- Subject:
- University of Georgia--Appropriations and expenditures
Financial statements--Georgia
Auditors' reports--Georgia - Location:
- United States, Georgia, Clarke County, Athens, 33.96095, -83.37794
- Medium:
- state government records
- Type:
- Text
- Format:
- application/pdf
- Description:
- June 30, 2000-
Title from cover.
Report year covers fiscal year.
June 30, 2005. - External Identifiers:
- Call Number GA A800 .R1 G42 1993-94
- Metadata URL:
- https://dlg.galileo.usg.edu/id:dlg_ggpd_y-ga-ba800-b-pr1-bg42-b1993-h94
- Digital Object URL:
- https://dlg.galileo.usg.edu/do:dlg_ggpd_y-ga-ba800-b-pr1-bg42-b1993-h94
- Language:
- eng
- Holding Institution:
- University of Georgia. Map and Government Information Library
- Rights:
-
GA ASOO
.Rl
64d\9Cf3-9+
STATE OF GEORGIA DEPARTMENT OF AUDITS
254 WASHINGTON STREET ATLANTA, GEORGIA 30334
AUDIT REPORT STATE OF GEORGIA UNIVERSITY OF GEORGIA ATHENS, GEORGIA YEAR ENDED JUNE 30, 1994
UNIVERSITY OF GEORGIA - TABLE OF CONTENTS -
SECTION I
FINANCIAL
INDEPENDENT AUDITOR'S COMBINED REPORT ON FINANCIAL STATEMENTS AND SUPPLEMENTARY INFORMATION
EXIIlBITS
FINANCIAL STATEMENTS
A COMBINED BALANCE SHEET
ALL FUND GROUPS
2
B COMBINED STATEMENT OF CHANGES IN FUND BALANCES
ALL FUND GROUPS
4
C STATEMENT OF CURRENT FUNDS REVENUES, EXPENDITURES,
AND OTHER CHANGES
6
D NOTES TO THE FINANCIAL STATEMENTS
7
SUPPLEMENTARY INFORMATION
E COMBINING BALANCE SHEET
CURRENT FUNDS - UNRESTRICTED
20
F COMBINING STATEMENT OF CHANGES IN FUND BALANCES
CURRENT FUNDS - UNRESTRICTED
22
COMBINING STATEMENTS OF CURRENT FUNDS REVENUES, EXPENDITURES,
AND OTHER CHANGES
G
UNRESTRICTED
24
H
RESTRICTED
27
SCHEDULES
SCHEDULES OF REVENUES AND EXPENDITURES COMPARED TO BUDGET
1
RESIDENT INSTRUCTION
28
2
LOTTERY FOR EDUCATION
30
3
OTHER ORGANIZED ACTMTIES
31
SCHEDULES OF OPERATIONS
4
LOAN FUNDS
38
5
ENDOWMENT FUNDS
41
6 SCHEDULE OF CASH RECEIPTS AND DISBURSEMENTS
AGENCY FUNDS
44
UNNERSITY OF GEORGIA - TABLE OF CONTENTS -
SECTION I
FINANCIAL
SUPPLEMENTARY INFORMATION
SCHEDULES
SCHEDULES OF OTHER ORGANIZED ACTIVITIES
7
BALANCE SHEET
48
8
CHANGES IN FUND BALANCES
50
9
REVENUES, EXPENDITURES AND OTHER CHANGES
52
10 CASH AND CASH EQUIVALENTS
54
11 INVESTMENTS
57
12 ACCOUNTS RECEIVABLE
58
13 CHANGES IN INVESTMENT IN PLANT
60
14 SCHEDULE OF FUND BALANCES
CURRENT FUNDS AND PLANT FUNDS
62
SCHEDULES OF REVENUES
15
CURRENT FUNDS
64
16
OTHER ORGANIZED ACTIVITIES
68
SCHEDULES OF EXPENDITURES BY OBJECT
17
CURRENT FUNDS
70
18
PLANT FUNDS
77
19
OTHER ORGANIZED ACTIVITIES
78
20 RECONCILIATION OF SALARIES AND WAGES, AND TRAVEL
82
SECTION IT
INTERNAL CONTROL
REPORT ON INTERNAL CONTROL STRUCTURE IN ACCORDANCE WITH GOVERNMENT AUDITING STANDARDS
SECTION Ill
COMPLIANCE
COMPLIANCE REPORT BASED ON AN AUDIT OF THE FINANCIAL STATEMENTS PERF0RMED IN ACCORDANCE WITH GOVERNMENT AUDITING STANDARDS
UNIVERSITY OF GEORGIA - TABLE OF CONTENTS -
SECTION IV FINDINGS AND IMPROPER OR QUESTIONED COSTS SCHEDULE OF FINDINGS AND IMPROPER OR QUESTIONED COSTS
SECTION I FINANCIAL
CLAUDE L. VICKERS STATE AUDITOR (404) 656-2174
TAX RATIO (404) 656-0494
:!1.epa:rtm.ent nf J\ubits
254 WASHINGTON STREET, S. W. ROOM 214
J\tlattbt, .eorgia 30334-8400
December 12, 1994
FINANCIAL AUDITS (404) 656-2180
PROGRAM AUDITS (404) 656-2006
Honorable Zell Miller, Governor Members of the General Assembly of Georgia Members ofthe Board ofRegents ofthe University System of Georgia
and Honorable Charles B. Knapp, President University ofGeorgia
INDEPENDENT AUDITOR'S COMBINED REPORT ON FINANCIAL STATEMENTS AND SUPPLEMENTARY INFORMATION
Ladies and Gentlemen:
We have audited the accompanying financial statements (Exhibits A through D) ofthe University of Georgia as ofand for the year ended June 30, 1994. These financial statements are the responsibility of the University's management. Our responsibility is to express an opinion on these financial statements based on our audit.
We conducted our audit in accordance with generally accepted auditing standards and 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 of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audit provides a reasonable basis for our opinion.
As described in Note I to the financial statements, Georgia Law and State budgetary policy require the University to prepare its financial statements on a basis which is not consistent with generally accepted accounting principles with respect to the recording of encumbrances as expenditures and liabilities. To conform with generally accepted accounting principles, encumbrances should be recorded as a reservation of fund balance. The effects on the financial statements of this departure from generally accepted accounting principles were not reasonably determinable, but are believed to be material.
As described in Note I to the financial statements, the University did not report the liability and related expenditure for compensated absences in the current funds as required by generally accepted accounting principles.
94ARL-52X
In our opinion, except for the effects on the financial statements ofthe matters discussed in the third and fourth paragraphs, the financial statements referred to above present fairly, in all material respects, the financial position of the University of Georgia as ofJune 30, 1994, and the changes in fund balances and the current operating funds revenues, expenditures, and other changes for the year then ended in conformity with generally accepted accounting principles.
Our audit was made for the purpose offorming an opinion on the financial statements taken as a whole. The accompanying supplementary information (Exhibits E through H and Schedules I through 20) is presented for purposes of additional analysis and is not a required p~ of the financial statements of the University of Georgia. Such information has been subjected to the auditing procedures applied in the audit of the financial statements and, in our opinion, except for the effects of the matters discussed in the third and fourth paragraphs, such information is fairly presented in all material respects in relation to the financial statements taken as a whole.
z~
Claude L. Vickers State Auditor
CLV:gp 94ARL-52X
FINANCIAL STATEMENTS - 1-
UNIVERSITY OF GEORGIA
COMBAINLELD FUBNADLANGCREOUSPHS EET
JUNE 30, 1994
ASSETS
Cash and Cash Equivalents Investments Accounts Receivable Inventories Investment in Plant
Total Assets
LIABILITIES AND FUND BALANCES Liabilities
Accounts Payable Salaries Payable Deposits
Student Other Deferred Revenue Tuition and Fees Other Unclaimed Property Deposits Held for Others Capital Lease Obligations Investment by Other Funds
Total Liabilities
Fund Balances U. S. Government Grants Refundable Institutional Loans - Restricted Endowment Net Investment in Plant Restricted Unrestricted
Total Fund Balances
Total Liabilities and Fund Balances
CURRENT FUNDS UNRESTRICTED RESTRICTED
LOAN FUNDS
$21,533,523.17 $ 4,308,484.57 $ 4,581,105.54 27,439.72
26,381,609.37 14,960,019.81 10,958,462.76
7,585,533.83
$55,500,666.37 $19,268,504.38 $15,567,008.02
$18,510,660.37 2,773,007.76 414,805.00 8,274,869.38 93,359.31 23,712.11
$30,090,413.93
$10,098,817.94 5,468,190.08
$19,268,504.38 $25,410,252.44 $25,410,252.44 $19,268,504.38 $15,567,008.02
$55,500,666.37 $19,268,504.38 $15,567,008.02
============= ============= =============
The notes to the financial statements are an integral part of this statement. - 2-
EXHIBIT "A"
ENDOWMENT FUNDS
UNEXPENDED
PLANT FUNDS RENEWALS AND REPLACEMENTS
INVESTMENT IN PLANT
AGENCY FUNDS
TOTAL (Memorandum
Only)
$ 4,501,851.75 $16,319,675.67 $ 7,663,641.14
$9,219,672.55$ 68,127,954.39
15,376,641.96
15,404,081.68
1,135,227.05 396,979.86
130,223.57 53,962,522.42
7,585,533.83
$705,847,558.07
705,847,558.07
$19,878,493.71 $17,454,902.72 $ 8,060,621.00 $705,847,558.07 $ 9,349,896.12 $850,927,650.39
$1,625,460.08$ 6,450.00
802,356.61
$6,515,861.66$ 27,454,338.72 2,773,007.76
414,805.00 6,450.00
2,834,034.46 $ 4,535,450.56
207,868.31
8,274,869.38 93,359.31 23,712.11
2,834,034.46 4,535,450.56
207,868.31
$1,631,910.08 $ 802,356.61 $ 4,743,318.87 $9,349,896.12$ 46,617,895.61
$19,878,493.71 $701,104,239.20
$15,453,425.32 369,567.32 $ 7,258,264.39
$19,878,493.71 $15,822,992.64 $ 7,258,264.39 $701,104,239.20
$10,098,817.94 5,468,190.08
19,878,493.71 701,104,239.20 34,721,929.70 33,038,084.15
$804,309,754.78
$19,878,493.71 $17,454,902.72 $ 8,060,621.00 $705,847,558.07 $ 9,349,896.12 $850,927,650.39
============= ============= ============= =========-==== ====--======= ==============
- 3-
UNIVERSITY OF GEORGIA COMBINED STATEMENT OF CHANGES IN FUND BALANCES
ALL FUND GROUPS YEAR ENDED JUNE 30. 1994
REVENUES AND OTHER ADDITIONS
Unrestricted Current Fund Revenues
State Appropriations
Regular
Lottery Proceeds
Federal Grants and Contracts
State Grants and Contracts
Other States Grants and Contracts
Local Grants and Contracts
Private Gifts, Grants, and Contracts
Sales and Services
Investment Income
Endowment
Other
Realized Gains on Investments
Interest on Loans Receivable
Adjustments
Prior Years' Expenditures/Accounts Payable
Prior Year's Accrued Payroll
Expended for Plant Facilities
Current Funds
Plant Funds
Unexpended
Renewals and Replacements
Georgia State Financing and Investment Commission
Other Additions
Asbestos Damage Claim Settlement
Proceeds from Sale of Plant Assets
Total Revenues and Other Additions
EXPENDITURES AND OTHER DEDUCTIONS
Educational and General Expenditures Auxiliary Enterprises Expenditures Indirect Costs Recovered Remittances to the Board of Regents of the
University Sfstem of Georgia Prior Years Unrestricted Fund Balance Surplus
Adjustments Prior Years' Revenues/Accounts Receivable
Loans Assigned to Federal Government Loan Cancellations and Write-offs Administrative and Collection Costs Expended for Plant Facilities
Capitalized Non-Capitalized Disposals/Deletions/Adjustments
Total Expenditures and Other Deductions
TRANSFERS BETWEEN FUNDS
Mandatory Investment Income for Principal Unspent Loan Funds for Principal Investment Income Allocated for Loans
Nonmandatory Renewals and Replacements In Lieu of State Appropriations Capital Projects General Operations Endowment Principal for Object of Trust
Total Transfers Between Funds
Net Increase for the Year
FUND BALANCES JULY 1, 1993
CURRENT FUNDS UNRESTRICTED RESTRICTED
LOAN
FUNDS
$451,326,954.47
$ 71,829,480.37 $ 17,450,521.89 1,481,091.53 1,676,197.70 29,502,146.66 4,831,259.00 969,188.93
406,407.46 38,627.36
-959.82
25,951.00
-739.99
179,638.16 315,976.51
$451.771.989.29 $127,738.926.26 $ 520,825.68
$408,465,697.27 $117,150,858.86 34,358,604.50 9,938,782.94
227,838.20 6,613.30
2,625.00 $
51,032.59
20,223.74 69,446.56 40,769.38
$443.058.753.27 $127.143.299.39 $ 130,439.68
$ -52,848.37
$ -104,391.10
-110,113.83
110,113.83
$ -2,944,856.92 578,352.17
-3,686,164.03 6,917.42
-6,917.42 633,162.20
$ -6 p 045 p 751. 36 $ 463,282.58 $
5,722.73
$ 2,667,484.66 $ 1,058,909.45 $ 396,108.73
22,742,767.78 18.209.594.93 15,170,899.29
FUND BALANCES JUNE 30, 1994
$ 2514101252.44 $ 19.2681504.38 $15,567,008.02
The notes to the financial statements are an integral part of this statement.
- 4-
EXHIBIT "B"
ENDOWMENT FUNDS
UNEXPENDED
PLANT FUNDS RENEWALS AND REPLACEMENTS
INVESTMENT IN PLANT
TOTAL (Memorandum
Only}
$ 100,000.00 19,500.00
421,056.88 117,189.75 $ 602,935.12 17,153,849.18
421,354.90
962,893.17 4.91 $
546,219.00 449,116.44 $1,024,290.02 $19,769,829.33$
$451,326,954.47
100,000.00 19,500.00 72,276,488.25 17,567,711.64 1,481,091.53 1,676,197.70 $ 565,884.09 47,824,075.06 4,831,259.00
969,188.93 1,142,531.33
421,354.90 315,976.51
14,941.90
, 420,394.45 38,627.36
34,085,125.45 34,085,125.45
7,847,071.15 7,847,071.15 1,521,239.07 1,521,239.07 23,267,993.45 23,267,993.45
546,219.00 449,116.44
14,941.90$ 67,287,313.21 $668,128,115.69
$
0.00
$525,616,556.13 34,358,604.50 9,938,782.94
$
585.39
7,847,071.15$ 1,521,239.07 164,362.36 _ _ 12_ 0,8_ 80._ 35 $
$_ _ _.....0....,.0..,.,0 $8,012,018.90$ 1,642,119.42 $
228,423.59
9,238.30 20,223.74 69,446.56 91,801.97
6,441,221.85
9,368,310.22 285,242.71
6,441,221.85
6,441,221.85 $586,427,852.51
$ 52,848.37 104,391.10
$
0.00
0.00
0.00
$ 2,944,856.92 $ -578,352.17
3,686,164.03
-633,162.20 - - - - - - - - - $ -475,922.73 $ 3,107,811.86 $ 2,944,856.92
0.00 0.00 0.00 0.00 0.00
$
0.00
$ 548,367.29 $14,865,622.29 $1,317,679.40$ 60,846,091.36$ 81,700,263.18
19,330,126.42 957,370.35 5,940,584.99 640,258,147.84 722,609,491.60
$19.878.493.71 $15.822,992.64 $ 7.258,264.39 $701,104,239.20 $804,309,754.78
- 5-
UNIVERSITY OF GEORGIA STATEMENT OF CURRENT FUNDS REVENUES, EXPENDITURES,
AND OTHER CHANGES YEAR ENDED JUNE 30. 1994
EXHIBIT "C"
REVENUES State Appropriations Tuition and Fees Federal Appropriations Federal Grants and Contracts State Grants and Contracts Other States Grants and Contracts Local Grants and Contracts Private Gifts, Grants, and Contracts Endowment Income Sales and Services of Educational Activities Sales and Services of Auxiliary Enterprises Other Sources Total Revenues
EXPENDITURES AND MANDATORY TRANSFERS Educational and General Instruction Research Public Service Academic Support Student Services Institutional Support Operation and Maintenance of Plant Scholarships and Fellowships Auxiliary Enterprises Student Housing Food Services Stores and Shops Other Service Units Mandatory Transfers Investment Income for Endowment Principal Investment Income Allocated for Loans Total Expenditures and Mandatory Transfers
OTHER TRANSFERS AND ADDITIONS/(DEDUCTIONS) Excess of Restricted Receipts over Transfers to Revenues Transfers for Renewals and Replacements Transfers In Lieu of State Appropriations Transfers for Capital Projects Transfers for General Operations Transfers of Endowment Principal for Object of Trust Administrative Fees and Collection Costs Prior Period Adjustments (Net) Remittances to the Board of Regents of the University srstem of Georgia Prior Years Unrestricted Fund Balance Surplus Total Other Transfers and Additions/ (Deductions)
UNRESTRICTED
RESTRICTED
TOTAL (Memorandum
Only)
$284,079,065.00
$284,079,065.00
87,269,204.24
87,269,204.24
11,944,788.96
11,944,788.96
8,156,740.59 $ 63,624,318.70 71,781,059.29
502,158.57 16,612,263.43 17,114,422.00
160,508.51 1,289,367.14 1,449,875.65
11,808.32 1,747,248.89 1,759,057.21
1,370,361.14 27,745,258.46 29,115,619.60
88,893.66 1,271,966.59 1,360,860.25
18,919,120.70 4,860,435.65 23,779,556.35
29,297,266.63
29,297,266.63
9,527,038.15
9,527,038.15
$451,326,954.47 $117,150,858.86 $568,477,813.33
$115,411,681.02 $ 6,269,295.36 $121,680,976.38
94,782,911.72 59,734,296.11 154,517,207.83
54,684,306.98 30,044,727.77 84,729,034.75
43,980,396.98
875,709.11 44,856,106.09
11,843,612.27
4,589.02 11,848,201.29
34,811,989.30 6,846,942.82 41,658,932.12
40,403,723.50
40,403,723.50
12,547,075.50 13,375,298.67 25,922,374.17
10,357,092.62 7,313,497.36 4,180,632.05 12,507,382.47
10,357,092.62 7,313,497.36 4,180,632.05 12,507,382.47
52,848.37 110,113.83
52,848.37 110,113.83
$442,824,301.77 $117,313,821.06 $560,138,122.83
$ $ -2,944,856.92
578,352.17 -3,686,164.03
6,917.42 438,421.52
650,244.28 $ 650,244.28
-2,944,856.92
578,352.17
-3,686,164.03
-6,917 .42
0.00
633,162.20
633,162.20
-51,032.59
-51,032.59
-3,584.82
434,836.70
-227,838.20
-227,838.20
$ -5,835,168.04 $ 1,221,871.65$ -4,613,296.39
Net Increase in Fund Balances
$===2=,6==6=7=,=4=8=4=.=6=6$===1=,0==5=8=,=9=0=9=.=4=5$===3=,7=2==6=,3=9==4=.1=1=
The notes to the financial statements are an integral part of this statement.
- 6-
UNIVERSITY OF GEORGIA NOTES TO THE FINANCIAL STATEMENTS
JUNE 30, 1994
EXIIlBIT "D"
NOTE 1: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
REPORTING ENTITY The University ofGeorgia is one of thirty-four (34) State supported member institutions of higher education in Georgia which comprise the University System of Georgia, an organiz.ational unit ofthe State of Georgia. The accompanying financial statements reflect the operations of the University of Georgia as a separate reporting entity.
The Board ofRegents has constitutional authority to govern, control and manage the University System of Georgia. This authority includes but is not limited to the power to designate management, the ability to significantly influence operations, the authority to control institutions' budgets, the power to determine allotments of State funds to member institutions and the authority to prescribe accounting systems and administrative policies for member institutions. The University of Georgia does not have authority to retain unexpended State funds (surplus) for any given fiscal year. Accordingly, the University of Georgia is considered an organiz.ational unit ofthe Board ofRegents ofthe University System of Georgia reporting entity
for financial reporting purposes because ofthe significance of its legal, operational, and financial relationships
with the Board of Regents as defined in Section 2100 of the Governmental Accounting Standards Board Codification of Governmental Accounting and Financial Reporting Standards.
FUND ACCOUNTING In order to ensure observance oflimitations and restrictions placed on the use of the resources available to the University, the accounts ofthe University are maintained in accordance with the principles of fund accounting. This is the procedure by which resources for various purposes are classified for accounting and reporting purposes into funds that are in accordance with activities or objectives specified. Separate accounts are maintained for each fund; however, in the accompanying financial statements, funds that have similar characteristics have been combined into fund groups. Accordingly, all financial transactions have been recorded and reported by fund group.
Within each fund group, the University's fund balance allocations and designations represent those portions ofthe fund balances that are reserved, restricted and/or designated for specific future use by legal covenants, State policies, or institutional policies.
Funds presented in the accompanying financial statements are as follows:
CURRENT FUNDS
UNRESTRICTED - the fund used to account for those economic resources over which the University retains full control to use for purposes of performing the primary functions of the University, i.e., instruction, research, public service, auxiliary enterprises, and student activities.
RESTRICTED - the fund used to record externally restricted funds which may only be utilized in accordance with the purposes established by their source. Restricted current funds are recorded as revenues and expenditures when expended for current operating purposes.
- 7-
UNIVERSITY OF GEORGIA NOTES TO THE FINANCIAL STATEMENTS
JUNE 30, 1994
EXIIlBIT "D"
NOTE I: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
FUND ACCOUNTING
LOANFUNDS
The fund used to account for resources which have been made available for financial loans to students.
ENDOWMENT FUNDS
The fund used to account for gifts that are subject to restrictions by the donors requiring that the principal be invested in perpetuity and income only be utilized.
PLANT FUNDS
UNEXPENDED - the fund used to account for financial resources utilized to acquire or to construct physical properties for institutional purposes.
RENEWALS AND REPLACEMENTS - the fund used to account for resources set aside for the renewal and replacement ofinstitutional properties.
INVESTMENT IN PLANT - the fund which shows the total amounts representing the book value ofall physical properties owned by the University. Net Investment in Plant is an equity account showing the total book value ofphysical properties belonging to the University less the amount ofany indebtedness to others.
AGENCY FUNDS
The fund used to account for resources held by the University as custodian or fiscal agent for individual students, faculty, staff members and organizations.
BASIS OF ACCOUNTING Except as otherwise disclosed in these notes, the financial statements are prepared on the modified accrual basis ofaccounting, which is materially the same as the accrual basis of accounting applicable to colleges and universities prescribed in the American Institute of Certified Public Accountants Industry Audit Guide, Audits ofColleges and Universities. The modified accrual basis ofaccounting is defined as that method of accounting in which expenditures, other than accrued interest on general long-term debt, are recorded at the time liabilities are incurred and revenues are recorded when available and measurable to finance expenditures ofthe fiscal period.
Contractual obligations for services which have not been performed and for goods which have not been delivered at the end of the fiscal year are recognized as expenditures and liabilities in the accompanying financial statements. This accounting practice causes expenditure driven grant revenues to be accrued based in part on the unexecuted portion of contracts for goods and services. The recognition of encumbrances of this nature as expenditures and liabilities is in conformity with accounting practices prescribed or permitted
- 8-
UNIVERSITY OF GEORGIA NOTES TO THE FINANCIAL STATEMENTS
JUNE 30, 1994
EXIIlBIT D 11 11
NOTE I: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
BASIS OF ACCOUNTING by statutes and regulations of the State of Georgia, but is not consistent with generally accepted accounting principles, which provide for the recording ofencumbrances as a reservation of fund balance. Further, revenue recognition for expenditure-driven grants should be based upon expenditures determined in accordance with generally accepted accounting principles.
Compensated absences represent obligations of the University relating to employees' rights to receive compensation for future absences based upon services already rendered. This obligation relates only to vesting accumulated leave in which payment is probable and can be reasonably estimated. The compensated absences liability of$21,872,793.36, salary-related fringe benefits liabilities of approximately $1,673,268.69, and the related current year expenditure, which was not reasonably detenninable, have not been reported in the current funds as required by generally accepted accounting principles.
Prior period adjustments are reported as additions to and deductions from fund balances of current funds in the accompanying financial statements. This presentation is in accordance with the State budgetary basis of accounting, but differs from generally accepted accounting principles in that immaterial adjustments should be reported as current period revenues and expenditures. The effect of this departure is deemed to be immaterial to the fair presentation ofthe financial statements.
To the extent that Current Funds and Plant Funds are used to finance plant assets, the amounts so provided are accounted for as expenditures. The balances shown on the Combined Balance Sheet as Net Investment in Plant reflect the accumulated expenditures made for plant facilities through Current Funds and Plant Funds and also include expenditures made for plant facilities expended by the Georgia State Financing and Investment Commission on behalf of the University. Fixed assets donated to the University are recorded at fair market value at the date of the gift and disposals are deleted at recorded cost. Depreciation on physical plant and equipment is not recorded.
The Statement of Current Funds Revenues, Expenditures, and Other Changes is a statement of financial activities of current funds related to the current reporting period. It does not purport to present the results of operations or the net income or loss for the period as would a statement of income or a statement of revenues and expenses.
BUDGET The Board of Regents of the University System of Georgia - Administrative Central Office receives State appropriated funds for the organiz.ational units ofthe University System of Georgia. The appropriated budget is adopted at the departmental level and represents appropriations provided by the Amended Appropriations Act of 1993-1994. The appropriated budget covers current funds and plant funds, except for Auxiliary Enterprises and Student Activities which are not subject to appropriation. The budget allocation and disbursement ofthese funds is made to the various organizational units by the Administrative Central Office. In addition, the organizational units receive Federal funds and other funds directly and include these funds in the budget filed with the Administrative Central Office.
- 9-
UNIVERSITY OF GEORGIA NOTES TO THE FINANCIAL STATEMENTS
JUNE 30, 1994
EXHIBIT"D"
NOTE 1: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
CASH AND CASH EQUIVALENTS Cash and Cash Equivalents consist of petty cash, demand deposits, certificates of deposit and temporary investments in authorized financial institutions, and cash management pools that have the general characteristics ofdemand deposit accounts in that the University may deposit additional cash at any time and also may withdraw cash at any time without prior notice or penalty.
Certain amounts reflected as Investments in the fiscal year 1993 financial statements are reflected as Cash and Cash Equivalents in the accompanying financial statements. These funds are invested in the State Investment Pool.
INVESTMENTS Investments are recorded at cost or in the case of gifts at fair market value on the date of the gift. Funds received by the University as endowments or for restricted purposes are invested according to conditions stipulated by the donor, grantor, or in accordance with the Board ofRegents authorizing resolutions. Gains and losses on investment transactions are accounted for in the funds where such assets are recorded.
ACCOUNTS RECEIVABLE Accounts receivable consist ofallotments due from the Board ofRegents ofthe University System of Georgia, reimbursements due from Federal, State, local and private grants and contracts, and other receivables disclosed from information available.
INVENTORIES Inventories ofconsumable supplies are recorded on the consumption method and are valued at cost based on the weighted average method.
Departments within the University use several costing methods for determining valuations ofinventories for resale. Inventories of goods for resale are valued at cost using the first-in, first-out, weighted average, or specific identification methods.
MEMORANDUM ONLY - TOTAL COLUMNS The total columns on the financial statements are captioned "Memorandum Only" to indicate that these totals are presented only to facilitate financial analysis. Data in these columns do not present financial position or changes in financial position in conformity with generally accepted accounting principles. Neither are such data comparable to a consolidation. lnterfund eliminations have not been made in the aggregation of the data.
NOTE 2: CUSTODIAL CREDIT RISKS OF CASH DEPOSITS AND INVESTMENTS
STATE OF GEORGIA COLLATERALIZATION STATUTES AND POLICIES Funds belonging to the State ofGeorgia cannot be placed in a depository paying interest longer than ten days without the depository providing a surety bond to the State. In lieu of a surety bond, the depository may pledge as collateral any one or more ofthe following securities as enumerated in the Official Code of Georgia Annotated Section 50-17-59:
- 10 -
UNIVERSITY OF GEORGIA NOTES TO THE FINANCIAL STATEMENTS
JUNE 30, 1994
EXlllBIT "D"
NOTE 2: CUSTODIAL CREDIT RISKS OF CASH DEPOSITS AND INVESTMENTS
STATE OF GEORGIA COLLATERALIZATION STATUTES AND POLICIES (1) Bonds, bills, notes, certificates of indebtedness or other direct obligations ofthe United States or ofthe State of Georgia.
(2) Bonds, bills, notes, certificates of indebtedness or other obligations of the counties or municipalities ofthe State ofGeorgia.
(3) 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 ofthe bonds for this purpose.
(4) Industrial revenue bonds and bonds of development authorities created by the laws ofthe State of Georgia.
(5) Bonds, bills, certificates of indebtedness, notes, or other obligations of a subsidiary corporation ofthe United States government, which are fully guaranteed by the United States government both as to principal and interest and debt obligations issued by the Federal Land Bank, the Federal Home Loan Bank, the Federal Intermediate Credit Bank, the Central Bank for Cooperatives, the Farm Credit Banks, the Federal Home Loan Mortgage Association, and the Federal National Mortgage Association.
(6) Insurance ofaccounts provided by the Federal Deposit Insurance Corporation.
As authorized in the Official Code of Georgia Annotated Section 50-17-53, the State Depository Board has
adopted policies which allow agencies ofthe State of Georgia (which includes the Board ofRegents ofthe University System of Georgia) the option of exempting demand deposits from the collateral requirements.
The treasurer ofthe Board ofRegents is responsible for all details relative to furnishing the required depository protection for all units of the University System of Georgia.
COLLATERALIZATION OF DEPOSITS For purposes ofanalysis ofcustodial credit risk, the University's bank balances are categorized below to give an indication of the level of risk assumed by the University at year-end:
Category I - Amounts covered by depository insurance or collateralized with securities (at market value) held by the University or by its agent in the University's name.
Category 2 - Amounts collateraliz.ed with securities (at market value) held by the financial institution's trust department or agent in the University's name.
Category 3 - Amounts collateralized with securities (at market value) held by the financial institution or by its trust department or agent, but not in the University's name, and amounts uncollateralized.
- 11 -
UNIVERSITY OF GEORGIA NOTES TO THE FINANCIAL STATE:MENTS
JUNE 30, 1994
EXHIBIT "D"
NOTE 2: CUSTODIAL CREDIT RISKS OF CASH DEPOSITS AND INVEST:MENTS
COLLATERALIZATION OF DEPOSITS
CubDepolita lnveslment Portfolio Acwunts
Total Depolita
Canying Amount
Bank Balances
Risk Categories
2
3
$ 7,156,677.92 $ 25,820,216.73 $ 391,412.45 $ 20,973,095.94 $ 4,4SS,708.34
159,079.76
162,711.87
159,373.87 _ _ _ _
3,338.00
S 731 S7S7.68 S 25 982 928,60 S 550 786,32 S 20 973,095 94 S 4459,046 34
CATEGORIZATION OF INVESTMENTS Investments are summarized and classified as to custodial credit risk within the categories described below:
Category I - Insured or registered, or securities held by the University or its agent in the University's name.
Category 2 - Uninsured or unregistered held by the counterparty's trust department or agent in the University's name.
Category 3 - Uninsured or unregistered, with securities held by the counterparty, or by its trust department or agent but not in the University's name.
Type ofInvestment
Conunoo Stock Corporate Bonds State General Obligation Bond U. S. Government Securities
Investment Portfolio Acwunts Mutual Funds
Loans (Jnterfund) Real Estate State Investment Pool
Total Investments
Risk Categories
2
$ 3,857,978.49
$
s 4,839,974.88
S23,694.8S
lS,760.S0
4,759,070.76
S I3472 784 63 $ 523 69485 $
Carrying
Market
3
Amount
Value
s 0.00
3,857,978.49 $ 4,408,656.70
S,363,669.73
S,064,98S.S0
lS,760.S0
16,107.45
4,759,070.76
4,7SS,348.7S
000 $ 13,996,479.48 S 14,245,098.40
785,026.00 207,868.31 2SS,628.13 S9, 141,321.94
792,0lS.OO 207,868.31 2SS,628.13 S9,141,321.94
S 74 386 323 !!6 S 74 641,931,78
Funds invested in an investment pool managed by another governmental entity are not required to be categorized since the University did not own any specific, identifiable investment securities of the pool.
- 12 -
UNIVERSITY OF GEORGIA NOTES TO THE FINANCIAL STATEMENTS
JUNE 30, 1994
EXIIlBIT D 11 11
NOTE 3: INVESTMENT IN PLANT
The following is a summary of Investment in Plant fixed assets at June 30, 1994:
Land Buildings Improvements Other Than Buildings Egu1pment Library Books and Collections
Total Investment in Plant
$ 10,539,829.18 358,476,047.91 22,426,488.16 222,696,213.07 91,708,979.75
$705,847 558,07
NOTE 4: CAPITAL LEASES
The following is a schedule ofthe future minimum lease payments under capital leases at June 30, 1994:
Fiscal Year Ending June 30
1995 1996 1997 1998 1999
Total Future Minimum Lease Payments Less: Amounts Representing Interest
Present Value ofFuture Minimum Lease Payments
$ 2,375,763.09 2,232,328.92 180,589.73 145,780.61 18,363.43
$ 4,952,825.78
417,375.22
$ 4,535,450.56
NOTE 5: DEFERRED COMPENSATION PLAN
The State of Georgia offers its employees a deferred compensation plan created in accordance with Internal Revenue Code Section 457. The plan, available to employees of the State of Georgia and county health departments, permits such employees to defer a portion of their salary until future years. Participation in the plan is optional. Participants choose the option or options in which they wish to participate. The deferred compensation is not available to employees until termination, retirement, death, or unforeseeable emergency. All amounts of compensation deferred under the plan, all property and rights purchased with those amounts, and all income attributable to those amounts, property, or rights are (until paid or made available to the employee or other beneficiary) solely the property and rights of the State of Georgia subject only to the claims ofthe State's general creditors. Participants' rights under the plan are equal to those of a general creditor of the State of Georgia in an amount equal to the fair market value ofthe deferred account for each participant. Financial information relative to the plan is presented in the financial report of the State Personnel Board Merit System ofPersonnel Administration for the year ended June 30, 1994.
- 13 -
UNIVERSITY OF GEORGIA NOTES TO THE FINANCIAL STATE:MENTS
JUNE 30, 1994
EXHIBIT "D"
NOTE6: RETIREMENTPLANS
TEACHERS RETIREMENT SYSTEM OF GEORGIA TRS PLAN DESCRIPTION Substantially all teachers, administrative and clerical personnel employed by units of the University System of Georgia are covered by the Teachers Retirement System of Georgia (TRS), which is a cost-sharing multipleemployer public employee retirement system (PERS).
TRS provides service retirement, disability retirement and survivors benefits for its members. A member is eligible for service retirement after the member ( 1) has attained the age of 60 years and has at least ten years ofcreditable service, (2) has at least 30 years of creditable service, regardless ofage, or (3) has attained the age of55 years and has at least 25 years of creditable service. For those members with 30 years of service or those age 60 with at least ten years of service, retirement benefits are equal to 2% of the average of the member's two consecutive highest paid years ofservice multiplied by the number ofyears of creditable service up to 40 years. Any member who has between 25 and 30 years of creditable service and is at least 55 years
of age shall receive a benefit which is reduced by the lessor of 1/12 of 7% for each month the member is below age 60, or by 7% for each year or fraction thereofby which the member has less than 30 years of service. The
nonnal retirement pension is payable monthly for life. Options are available for distribution ofthe member's monthly pension at a reduced rate to a designated beneficiary on the member's death.
Retirement benefits also include death and disability benefits whereby the disabled member or surviving spouse is entitled to receive annually an amount equal to the member's service retirement benefit or disability retirement, whichever is greater. The benefit is based on member's creditable service (minimum of 10 years of service) and compensation up to the date of death or up to the time of disability.
Members become fully vested after ten years of service. If a member terminates with less than ten years of service, no vesting ofemployer contributions occurs, but the member's contributions are refunded with interest.
The University's payroll for employees covered by TRS for the year ended June 30, 1994, was $215,912,752.37; total payroll was $305,485,064.67.
TRS CONTRIBUTIONS REQUIRED AND MADE Employees ofthe University who are covered by TRS are required to pay 6% of their gross earnings to TRS. The University makes monthly employer contributions to TRS at rates adopted by the TRS Board of Trustees as advised by their independent actuary. For fiscal year 1994, the employer contribution rate was 11.81% for covered employees. In addition, the University contributed 5.600/o to the TRS on behalf of employees electing to participate in the Regents Retirement Plan. The interest rate assumption (rate of return on investments) was 7.50%.
Total contributions made during fiscal year 1994 amounted to $40,781,773. 72, ofwhich $27,827,008.64 was made by the University and $12,954,765.08 was made by employees. These contributions represented 12.89% (University) and 6% (employees) of covered payroll.
- 14 -
UNIVERSITY OF GEORGIA NOTES TO THE FINANCIAL STATEMENTS
JUNE 30, 1994
EXHIBIT"D"
NOTE6: RETIREMENTPLANS
TEACHERS RETIREMENT SYSTEM OF GEORGIA TRS FUNDING STATUS AND PROGRESS The amount of the total pension benefit obligation is based on a standardized measurement established by Stat~ent No. 5 ofthe Governmental Accounting Standards Board (GASB) that, with some exceptions, must
be used by a PERS. The standardized measurement is the actuarial present value of credited projected benefits. This valuation method reflects the present value of estimated pension benefits that will be paid in future years as a result of employee services performed to date, and is adjusted for the effects of projected salary increases. A standardiz.ed measure ofthe pension benefit obligation was adopted by the GASB to enable readers of PERS financial statements to assess that PERS funding status on a going-concern basis, assess progress made in accumulating sufficient assets to pay benefits when due, and make comparisons among other PERS and among other employers.
Total unfunded pension benefit obligation of TRS as of June 30, 1993, which was the latest information available, was as follows:
Total pension benefit obligation
$13,912,014,000.00
Net assets available for benefits, at cost
12,821,722,000.00
Unfunded pension benefit obligation
$ 1,090 292,000 00
The measurement ofthe total pension benefit obligation is based on an actuarial valuation as of June 30, 1993. Net assets available to pay pension benefits were valued as of the same date. TRS does not make separate measurements ofassets and pension benefit obligation for individual employers.
Total contributions from all employers to TRS for fiscal year ended June 30, 1994, were $507,582,176.00. The University's contribution for the year ended June 30, 1994, of $27,827,008.64 was actuarially determined and represented 5.4823% of total contributions made by all participating employers.
Ten year historical trend information is presented in the 1994 TRS Component Unit Financial Report. This information is useful in assessing TRS's accumulation of sufficient assets to pay pension benefits as they become due.
TRS RELATED-PARTY INVESTMENTS During the fiscal year 1994 and as of June 30, 1994, the TRS held no securities issued by the University or other related parties.
REGENTS RETIREMENT PLAN The State of Georgia provides optional pension benefits for eligible faculty and principal administrators through a defined contribution plan. In a defined contribution plan, benefits depend solely on amounts contributed to the plan plus investment earnings.
- 15 -
UNIVERSITY OF GEORGIA NOTES TO THE FINANCIAL STATEMENTS
JUNE 30, 1994
EXHIBIT "D"
NOTE 6: RETIREMENT PLANS
REGENTS RETIREMENT PLAN State legislation requires that the employee contribute 6% and the employer contribute 4% of the participating employee's eamable compensation. Amounts attributable to all plan contributions are fully vested and nonforfeitable at all times. The University's payroll for employees covered by the Regents Retirement Plan for the year ended June 30, 1994, was $41,566,295.95; total payroll was $305,485,064.67. The University and the covered employees made the required contributions of $1,667,783.08 (4%) and $2,501,112.26 (6%), respectively.
GEORGIA DEFINED CONTRIBUTION PLAN The State ofGeorgia provides retirement coverage for temporary, seasonal, and part-time employees who are not eligible for membership in the Teachers Retirement System of Georgia through a single-employer defined contribution plan. The Georgia Defined Contribution Plan was established by the General Assembly of Georgia and is administered by the Board of Trustees of the Employees' Retirement System of Georgia. Covered employees are required to contribute 7.5% of their gross salary, with no matching contribution by the employer. The University's payroll for employees covered by the Georgia Defined Contribution Plan for the year ended June 30, 1994, was $8,595,455.19; total payroll was $305,485,064.67. Total contributions from the covered employees of the University during fiscal year 1994 amounted to $650,730.31 (7.5%). Amounts attributable to the plan are fully vested and a member who terminates employment may apply for a refund of contributions and interest. Benefits are based solely on the amount contributed by the employee plus investment earnings. Upon discretion ofthe Board ofTrustees, members who leave employment with less than $3,500.00 credited to their account may be required to make a lump-sum withdrawal. Members are eligible to retire at the age of65 with the option ofreceiving a periodic payment based on mortality tables and interest accumulation as adopted by the Board of Trustees of the Employees' Retirement System of Georgia. Information relative to the plan description and funding status is presented in the financial report of the Employees' Retirement System of Georgia for the year ended June 30, 1994.
NOTE 7: LEAVE POLICIES
Employees earn annual leave ranging from one and one-quarter days to one and three-quarter days each month depending upon the employees' length of continuous State service with maximum accumulation of forty-five days. Employees are paid for unused accumulated annual leave upon retirement or termination of employment. See Note 1- Basis of Accounting (Compensated Absences)
Employees earn one day of sick leave each month with no maximum accumulation established. Unused accumulated sick leave does not vest with the employee and is forfeited upon retirement or termination of employment.
- 16 -
UNIVERSITY OF GEORGIA NOTES TO THE FINANCIAL STATEMENTS
JUNE 30, 1994
EXIIlBIT "D"
NOTE 8: SIGNIFICANT TRANSACTION
In May, 1994, the University of Georgia remitted $8,151,547.28 from it's Employees' Health Benefit SelfInsurance Program to the Administrative Central Office ofthe Board ofRegents of the University System of Georgia. Employees ofthe University of Georgia now participate in the Board ofRegents of the University System of Georgia's Health Benefit Self-Insurance Program.
NOTE 9: CONTINGENCIES
Amounts received or receivable from grantor agencies are subject to audit and adjustment by grantor agencies. This could result in refunds to the grantor agency for any expenditures which are disallowed under grant terms. The amount of expenditures which may be disallowed by the grantor cannot be determined at this time although the University expects such amounts, ifany, to be immaterial to its overall financial position.
Litigation, claims and assessments filed against the University of Georgia (as a unit of the Board ofRegents of the University System of Georgia), if any, are generally considered to be actions against the State of Georgia. Pursuant to the Official Code of Georgia Annotated, the Department of Administrative Services maintains a program of purchased insurance and self-insurance which provides coverage for such litigation, claims and assessments. Accordingly, significant litigation, claims and assessments pending against the State of Georgia are disclosed in the State of Georgia Comprehensive Annual Financial Report for the fiscal year ended June 30, 1994.
.NOTE IO: BONDING INFORMATION
The President and all employees ofthe University of Georgia are bonded under a Public Employees Blanket Bond written by the Employers Insurance ofWausau, their Bond No. 1450-00-110723, on which the premium was paid to October 1, 1994. Under this agreement, the public employee dishonesty coverage insures the University ofGeorgia to a maximum of$1,000,000.00 against loss sustained through fraudulent or dishonest acts by its employees. The faithful performance of duty coverage insures the University to a maximum of $100,000.00 against loss sustained from failure ofits employees to perform faithfully their duties or to account properly for all monies and property received by virtue of their position or employment.
All employees ofthe University of Georgia are also bonded under a Commercial Crime Policy written by the United States Fire Insurance Company, their Policy No. 626 011675 2, on which the premium was paid to October 1, 1994. Under this additional public employee dishonesty coverage, the policy insures the University to a maximum of$4,000,000.00 against loss sustained through fraudulent or dishonest acts by its employees.
NOTEll: ENROLLMENT
The equivalent full-time student enrollment ofthe University of Georgia was as follows:
- 17 -
UNIVERSITY OF GEORGIA NOTES TO THE FINANCIAL STATE:MENTS
JUNE 30, 1994
NOTE 11: ENROLLMENT
Regular Term Fall Quarter, 1993 Winter Quarter, 1994 Spring Quarter, 1994
Average
Summer School, 1993
26,404 25,274 23,782
25,153
8.053
EXIIlBIT 11D"
- 18 -
SUPPLEMENTARY INFORMATION - 19 -
UNIVERSITY OF GEORGIA COMBINING BALANCE SHEET CURRENT FUNDS - UNRESTRICTED
JUNE 30 1 1994
ASSETS
Cash and Cash Equivalents Accounts Receivable Inventories
Total Assets
LIABILITIES AND FUND BALANCES
Liabilities Cash Overdraft Accounts Payable Salaries Payable Student Deposits Deferred Revenue Tuition and Fees Other Unclaimed Property
Total Liabilities Fund Balances
Unrestricted
Total Liabilities and Fund Balances
RESIDENT
LOTTERY FOR
INSTRUCTION EDUCATION
$ 2,002,058.85 $22,862,724.45
2,067,471.63
$24,930,196.08 $ 2,002,058.85
===========~= =============
$1,745,430.96 13,219,395.04 $1,780,691.50 1,764,336.13
6,548,687.86 18,368.25
$23,296,218.24$ 1,780,691.50
1,633,977.84 221,367.35
$24,930,196.08$ 2,002,058.85
============= =============
See notes to the financial statements.
- 20 -
EXHIBIT "E"
OTHER ORGANIZED ACTIVITIES
AUXILIARY
STUDENT
ENTERPRISES ACTIVITIES
TOTAL
$20,264,822.78$ 1,186,686.04 $23,453,567.67
$ 3,415,665.38
103,219.54
26,381,609.37
5,518,062.20
7,585,533.83
$3,415,665.38 $25,886,104.52 $1,186,686.04 $57,420,710.87
============= ============= ============= =============
$ 174,613.54
2,450,664.03 $ 1,007,802.90$
548,406.53
460,265.10
414,805.00
$ 1,920,044.50 52,106.90 18,510,660.37
2,773,007.76 414,805.00
1,506,801.52
219,380.00 8,274,869.38
93,359.31
93,359.31
1,284.77
3,941.01
118. 08
23,712.11
------------- ------------- ------------- -------------
$ 3,268,328.18 $ 3,393,615.53 $ 271,604.98 $32,010,458.43
147,337.20 22,492,488.99 915,081.06 25,410,252.44
$ 3,415,665.38 $25,886,104.52 $1,186,686.04 $57,420,710.87
============= ============= ============= =============
- 21 -
UNIVERSITY OF GEORGIA COMBINING STATEMENT OF CHANGES IN FUND BALANCES
CURRENT FUNDS - UNRESTRICTED YEAR ENDED JUNE 30 1 1994
REVENUES AND OTHER ADDITIONS
Unrestricted Current Fund Revenues Adjustments
Prior Years' Expenditures/Accounts Payable Prior Years' Accrued Payroll
EXPENDITURES AND OTHER DEDUCTIONS
Educational and General Expenditures Auxiliary Enterprises Expenditures Remittances to the Board of Regents of the
University System of Georgia Prior Year's Unrestricted Fund Balance Surplus
Adjustments Prior Years' Revenues/Accounts Receivable
Total Expenditures and Other Deductions
TRANSFERS BETWEEN FUNDS
Nonmandatory Renewals and Replacements In Lieu of State Appropriations Capital Projects General Operations
Total Transfers Between Funds
Net Increase/(Decrease) for the Year FUND BALANCES JULY 1, 1993
RESIDENT INSTRUCTION
LOTTERY FOR EDUCATION
$315,749,305.64$ 4,068,414.00 169,707.43
$315,919,013.07$ 4,068,414.00
$318,932,764.80$ 3,847,046.65
190,287.00 1,380.60
$319,124,432.40$ 3,847,046.65
$ 2,458,220.85 733,889.32
$ 3,192,110.17
$ -13,309.16 $ 221,367.35
1,647,287.00
0.00
FUND BALANCES JUNE 30, 1994
$ 1,633,977.84$ 221,367.35
============== =============
See notes to the financial statements.
- 22 -
EXHIBIT "F"
OTHER ORGANIZED ACTIVITIES
AUXILIARY
STUDENT
ENTERPRISES ACTIVITIES
TOTAL
$83,994,015.63 $44,639,260.49 $ 2,875,958.71 $451,326,954.47
79,005.28 1,753.33
157,609.96 36,874.03
84.79
406,407.46 38,627.36
$84,074,774.24 $44,833,744.48$ 2,876,043.50 $451,771,989.29
$83,937,176.36
$1,748,709.46 $408,465,697.27
$34,358,604.50
34,358,604.50
37,551.20 4,061.79
1,170.91
227,838.20 6,613.30
$83,978,789.35 $34,359,775.41 $1,748,709.46 $443,058,753.27
$-2,944,856092
$ -2,944,856.92
-343,184.00 $-1,536,684.68
578,352.17
-3,507,051.91 -179,112.12 -3,686,164.03
-726,971.90
6,917.42
$-6,795,092.83 $-2,442,768.70 $ -6,045,751.36
$ 95,984.89 $ 3,678,876.24 $-1,315,434.66 $ 2,667,484.66 51,352.31 18,813,612.75 2,230,515.72 22,742,767.78
$ 147,337.20 $22,492,488.99 $ 915,081.06$ 25,410,252.44
============= ============= ============= ==============
- 23 -
UNIVERSITY OF GEORGIA COMBINING STATEMENT OF CURRENT FUNDS REVENUES, EXPENDITURES,
AND OTHER CHANGES UNRESTRICTED
YEAR ENDED JUNE 30, 1994
REVENUES
State Appropriations Tuition and Fees Federal Appropriations Federal Grants and Contracts State Grants and Contracts Other States Grants and Contracts Local Grants and Contracts Private Gifts, Grants, and Contracts Endowment Income Sales and Services of Educational Activities Sales and Services of Auxiliary Enterprises Other Sources
Total Revenues
EXPENDITURES
Educational and General Instruction Research Public Service Academic Support Student Services Institutional Support Operation and Maintenance of Plant Scholarships and Fellowships
Auxiliary Enterprises Student Housing Food Services Stores and Shops Other Service Units
Total Expenditures
OTHER TRANSFERS AND ADDITIONS/(DEDUCTIONS)
Transfers for Renewals and Replacements Transfers In Lieu of State Appropriation Transfers for Capital Projects Transfers for General Operations Prior Period Adjustments (Net) Remittances to the Board of Regents of the
University System of Georgia Prior Year's Unrestricted Fund Balance Surplus
Total Other Transfers and Additions/(Deductions)
Net Increase/(Decrease) in Fund Balances
See notes to the financial statements.
- 24 -
RESIDENT INSTRUCTION
LOTTERY FOR EDUCATION
$216,358,517.00$ 4,068,414.00 76,389,361.43 35,500.00 7,247,150.85 488,951.59 131,441.50 11,808.32 1,159,824.70 88,893.66 11,977,638.15
1,860,218.44
$315,749,305.64$ 4,068,414.00
$115,370,528.70$ 41,152.32
49,095,287.98 3,562,056.33
19,421,530.48 233,838.00
40,297,211.87
10,000.00
10,371,740.31
34,811,989.30
37,294,238.16
12,270,238.00
$318,932,764.80$ 3,847,046.65
$ 2,458,220.85 733,889.32 168,326.83 -190,287.00
--------------
$ 3,170,150.00
--------------
$ -13,309.16 $ 221,367.35
============== =============
EXHIBIT "G"
OTHER ORGANIZED ACTIVITIES
AUXILIARY
STUDENT
ENTERPRISES ACTIVITIES
TOTAL
$63,652,134.00
$284,079,065.00
$8,545,180.76$ 2,334,662.05 87,269,204.24
11,909,288.96
11,944,788.96
909,589.74
8,156,740.59
13,206.98
502,158.57
29,067.01
160,508.51
11,808.32
210,536.44
1,370,361.14
88,893.66
6,941,482.55
18,919,120.70
29,297,266.63
29,297,266.63
328,709.95 6,796,813.10 541,296.66 9,527,038.15
$83,994,015.63 $44,639,260.49$ 2,875,958.71 $451,326,954.47
$42,125,567.41 35,028,938.50 3,673,185.11
3,109,485.34
$115,411,681.02 94,782,911.72
54,684,306.98 43,980,396.98 $1,471,871.96 11,843,612.27 34,811,989.30
40,403,723.50 276,837.50 12,547,075.50
$10,357,092.62
7,313,497.36 4,180,632.05
12,507,382.47
10,3.57,092.62
7,313,497.36 4,180,632.05 12,507,382.47
$83,937,176.36 $34,358,604.50$ 1,748,709.46 $442,824,301.77
$-2,944,856.92
$ -2,944,856.92
-343,184.00 $-1,536,684.68
578,352.17
-3,507,051.91 -179,112.12 -3,686,164.03
-726,971.90
6,917.42
$ 76,696.82
193,313.08
84.79
438,421.52
-37,551.20
-227,838.20
$ 39,145.62 $-6,601,779.75 $-2,442,683.91 $ -5,835,168.04
$ 95,984.89 $ 3,678,876.24 $-1,315,434.66 $ 2,667,484.66
===-====-=-== ------======= ============= ==============
- 25 -
UNIVERSITY OF GEORGIA COMBINING STATEMENT OF CURRENT FUNDS REVENUES, EXPENDITURES,
AND OTHER CHANGES RESTRICTED FUNDS YEAR ENDED JUNE 30. 1994
EXHIBIT "H"
REVENUES
Federal Grants and Contracts State Grants and Contracts Other States Grants and Contracts Local Grants and Contracts Private Gifts. Grants. and Contracts Endowment Income Sales and Services of Educational Activities
Total Revenues
EXPENDITURES AND MANDATORY TRANSFERS
Educational and General Instruction Research Public Service Academic Support Student Services Institutional Support Scholarships and Fellowships
Mandatory Transfers Investment Income for Endowment Principal Investment Income Allocated for Loans
Total Expenditures and Mandatory Transfers
OTHER TRANSFERS AND ADDITIONS/(DEDUCTIONS)
Excess of Restricted Receipts over Transfers to Revenues
Transfers for General Operations Transfer of Endowment Principal for Object of Trust Administrative Fees and Collection Costs Prior Period Adjustments (Net)
Total Other Transfers and Additions/ (Deductions)
Net Increase in Fund Balances
RESIDENT INSTRUCTION
OTHER ORGANIZED ACTIVITIES
TOTAL
$49,323,718.11 $14,300,600.59 $ 63,624,318.70
11,952,610.93 4,659,652.50 16,612,263.43
744,605.34 544,761.80 1,289,367.14
1,396,895.22 350,353.67 1,747,248.89
23,443,097.91 4,302,160.55 27,745,258.46
1,271,966.59
1,271,966.59
4,860,435.65 4,860,435.65
$88,132,894.10 $29,017,964.76 $117,150,858.86
$ 6,269,295.36
$ 6,269,295.36
44,041,938.56 $15,692,357.55 59,734,296.11
16,730,065.56 13,314,662.21 30,044,727.77
875,709.11
875,709.11
4,589.02
4,589.02
6,846,942.82
6,846,942.82
13.364,353.67
10,945.00 13,375,298.67
52,848.37 110,113.83
52,848.37 110,113.83
$88,295,856.30 $29,017,964.76 $117,313,821.06
$ 650,244.28 -6,917.42 633,162.20 -51,032.59 -3,584.82
$ 1,221,871.65
$ 650,244.28 -6,917.42 633,162.20 -51,032.59 -3,584.82
$ 1,221,871.65
$ 1,058,909.45 $
0.00 $ 1,058,909.45
============= ============= ==============
See notes to the financial statements.
- 27 -
UNIVERSITY OF GEORGIA SCHEDULE OF REVENUES AND EXPENDITURES COMPARED TO BUDGET
RESIDENT INSTRUCTION YEAR ENDED JUNE 30, 1994
REVENUES
State Appropriations Other Revenues Retained
CURRENT FUNDS UNRESTRICTED RESTRICTED
PLANT FUNDS
RENEWALS AND UNEXPENDED REPLACEMENTS
$216,3SB,517.00
99,390,788.64 $88,132,894.10 $19,650,324.42 $
0.00
$315,749,305.64 $88,132,894.10 $19,650,324.42 $
0.00
EXPENDITURES
Personal Services: Education, General and Departmental Services Sponsored Operations
Operating Expenses: Education, General and Departmental Services Sponsored Operations
Capital Outlay Special Funding Initiative Office of Minority Business Enterprise Forestry Research Research Consorttum
$235,505,131.19 $46,751,762.15
80,562,102.78
1,187,456.45 336,138.00
313,686.38 1,028,250.00
41,381,131.95 $ 7,892,674.71 $1,642,119.42
$318,932,764.80 $88,132,894.10$ 7,892,674.71 $1,642,119.42
Excess of Revenues over Expenditures
$ -3,183,459.16 $
0.00 $11,757,649.71 $-1,642,119.42
============== ============= ============= =============
(1) To eliminate tuition waivers not budgeted and to reclassify current year transfers and prior year reserves budgeted as revenues.
See notes to the financial statements.
- 28 -
SCHEDULE "1"
TOTAL
ADJUSTMENTS
TOTAL
(1)
(Budget Basis)
BUDGET
VARIANCE FAVORABLE (UNFAVORABLE)
$216,358,517.00
$216,358,517.00 $216,358,517.00$
0.00
207,174,007.16$ -3,838,698.95 203,335,308.21 228,970,373.00 -25,635,064.79
$423,532,524.16$ -3,838,698.95 $419,693,825.21 $445,328,890.00 $-25,635,064.79
-------------- -------------- -------------- ============== --------------
$235,505,131.19 46,751,762.15
$235,505,131.19 $235,988,640.00$ 483,508.81 46,751,762.15 48,000,000.00 1,248,237.85
80,562,102.78 $-12,270,238.00 41,381,131.95
9,534,794.13 1,187,456.45
336,138.00 313,686.38 1,028,250.00
68,291,864.78 41,381,131.95
9,534,794.13 1,187,456.45
336,138.00 313,686.38 1,028,250.00
69,549,802.00 43,100,000.00 45,824,864.00
1,187,509.00 336,138.00 313,687.00
1,028,250.00
1,257,937.22 1,718,868.05 36,290,069.87
52.55 0.00 0.62 0.00
$416,600,453.03 $-12,270,238.00 $404,330,215.03 $445,328,890.00$ 40,998,674.97
-------------- -------------- -------------- ============== --------------
$ 6,932,071.13 $ 8,431,539.05$ 15,363,610.18
============== ============== ==============
$15,363,610.18
==============
- 29 -
UNIVERSITY OF GEORGIA SCHEDULE OF REVENUES AND EXPENDITURES COMPARED TO BUDGET
LOTTERY FOR EDUCATION YEAR ENDED JUNE 30. 1994
SCHEDULE "2"
REVENUES State Appropriations
CURRENT FUNDS PLANT FUNDS
VARIANCE -
------------- ------------- TOTAL
UNRESTRICTED UNEXPENDED (Budget Basis) BUDGET
FAVORABLE (UNFAVORABLE)
------------- ------------- -------------- ------------- -------------
$ 4,06B,414.00 $ 19,500.00$ 4,087,914.00$ 4,087,914.00$
0.00
------------- ------------- -------------- ====-===-== -------------
EXPENDITURES
Equipment, Technology and Construction Trust Fund
Distant Learning - Satellite Dishes
$ 3,847,046.65
$ 3,847,046.65$ 4,068,414.00$ 221,367.35
$ 19,498.80
19,498.80 19,500.00
1.20
Excess of Revenues over Expenditures
$3,847,046.65$ 19,498.80$ 3,866,545.45$ 4,087,914.00$ 221,368.55
------------- ------------- -------------- ========== -------------
$ 221,367.35$
1.20 $ 221,368.55
============ rn========== =======-=-====
$ 221,368.55
See notes to the financial statements.
- 30 -
UNIVERSITY OF GEORGIA SCHEDULE OF REVENUES AND EXPENDITURES COMPARED TO BUDGET
OTHER ORGANIZED ACTIVITIES YEAR ENDED JUNE 30. 1994
SCHEDULE "3" Page 1
CURRENT FUNDS
PLANT FUNDS
---------------------------- -----------
TOTAL
UNRESTRICTED RESTRICTED UNEXPENDED (Budget Basis)
BUDGET
VARIANCEFAVORABLE (UNFAVORABLE)
AGRICULTURAL EXPERIMENT STATION
REVENUES
State Appropriations Other Revenues Retained
$32,590,329.00
$100,000.00$ 32,690,329.00 $32,690,329.00$
0.00
8,501,452.28 $14,685,373.77
23,186,826.05 23,684,268.00 -497 ,441.95
$41,091,781.28 $14,685,373.77 $100,000.00$ 55,877,155.05 $56,374,597.00$ -497,441.95
EXPENDITURES
Personal Services: Education, General and Departmental Services Sponsored Operations
Operating Expenses: Education, General and Departmental Services Sponsored Operations
Capital Outlay
$31,082,972.38 $ 7,436,111.87
$ 31,082,972.38 $31,168,461.00$ 85,488.62
7,436,111.87 7,500,000.00
63,888.13
10,008,808.90
10,008,808.90 10,323,688.00
7,249,261.90
7,249,261.90 7,000,000.00
$ 99,260.00
99,260.00 382,448.00
314,879.10 -249,261.90 283,188.00
$41,091,781.28 $14,685,373.77 $ 99,260.00$ 55,876,415.05 $56,374,597.00$ 498,181.95
Excess of Revenues over Expenditures
$
0.00 $
0.00 $ 740.00 $
740.00
===~===== ========== ========= ==========
$
740.00
=========
See notes to the financial statenents.
- 31 -
UNIVERSITY OF GEORGIA SCHEDULE OF REVENUES AND EXPENDITURES COMPARED TO BUDGET
OTHER ORGANIZED ACTIVITIES YEAR ENDED JUNE 30, 1994
SCHEDULE "3" Page 2
ATHENS AND TIFTON VETERINARY LABORATORIES
REVENUES
State Appropriations Other Revenues Retained
CURRENT FUNDS ---------------------------- TOTAL UNRESTRICTED RESTRICTED (Budget Basis)
BUDGET
VARIANCEFAVORABLE (UNFAVORABLE)
$ 51,524.00
$ 51,524.00$ 51,524.00$
0.00
0.39 $ 2,945,299.30 2,945,299.69 7,956,973.00 -5,011,673.31
$ 51,524.39 $2,945,299.30$ 2,996,B23.69 $8,008,497.00 $-5,011,673.31
EXPENDITURES
Personal Services: Education, General and Departmental Services Sponsored Operations
Operating Expenses: Sponsored Operations
$ 51,515.98
$ 51,515.98$ 51,524.00$
8.02
$ 2,001,620.42 2,001,620.42 2,454,719.00 453,098.58
943,678.88 943,678.88 5,502,254.00 4,558,575.12
Excess of Revenues over Expenditures
$ 51,515.98$ 2,945,299.30$ 2,996,815.28$ 8,008,497.00$ 5,011,681.72
------------- ------------- -------------- =========== -------------
$
8.41 $
0.00 $
8.41
============ ============= ===========
$
8.41
See notes to the financial statements.
- 32 -
UNIVERSITY OF GEORGIA SCHEDULE OF REVENUES AND EXPENDITURES COMPARED TO BUDGET
OTHER ORGANIZED ACTIVITIES YEAR ENDED JUNE 30, 1994
SCHEDULE "3" Page 3
COOPERATIVE EXTENSION SERVICE
REVENUES
State Appropriations Other Revenues Retained
CURRENT FUNDS ---------------------------- TOTAL UNRESTRICTED RESTRICTED (Budget Basis)
BUDGET
VARIANCEFAVORABLE (UNFAVORABLE)
$25,960,155.00
$ 25,960,155.00 $25,960,155.00 $
0.00
8,246,231.73 $10,250,506.17 18,496,737.90 19,799,046.00 -1,302,308.10
EXPENDITURES
Personal Services: Education, General and Departmental Services Sponsored Operations
Operating Expenses: Education, General and Departmental Services Sponsored Operations
$34,206,386.73 $10,250,506.17 $ 44,456,892.90 $45,759,201.00 $-1,302,308.10
------------- ------------- -------------- ============= -------------
$30,597,159.19
$ 30,597,159.19 $30,666,811.00 $ 69,651.81
$ 6,818,748.57 6,818,748.57 7,350,000.00 531,251.43
3,609,227.54
3,609,227.54 4,092,390.00
3,431,757.60 3,431,757.60 3,650,000.00
483,162.46 218,242.40
Excess of Revenues over Expenditures
$34,206,386.73 $10,250,506.17 $ 44,456,892.90 $45,759,201.00$ 1,302,308.10
------------- ------------- -------------- ==-=-========== _. -----------
$
0.00 $
0.00 $
0.00
========== ========== =====--=======
$
0.00
============
See notes to the financial statements.
- 33 -
UNIVERSITY OF GEORGIA SCHEDULE OF REVENUES AND EXPENDITURES COMPARED TO BUDGET
OTHER ORGANIZED ACTIVITIES YEAR ENDED JUNE 30. 1994
SCHEDULE "3" Page 4
MARINE INSTITUTE
REVENUES
State Appropriations Other Revenues Retained
CURRENT FUNDS ---------------------------- TOTAL UNRESTRICTED RESTRICTED (Budget Basis)
BUDGET
VARIANCEFAVORABLE (UNFAVORABLE)
$ 877,831.00
$ 877,831.00$ 877,831.00$
0.00
80,803.83$ 626,340.41
707,144.24 869,723.00 -162,578.76
$ 958,634.83$ 626,340.41 $ 1,584,975.24$ 1,747,554.00$ -162,578.76
EXPENDITURES
Personal Services: Education, General and Departmental Services Sponsored Operations
Operating Expenses: Education, General and Departmental Services Sponsored Operations
$ 594,660.99
$ 594,660.99 $ 597,051.00 $ 2,390.01
$ 416,730.74
416,730.74 450,000.00
33,269.26
363,973.84
363,973.84 400,503.00
36,529.16
209,609.67
209,609.67 300,000.00
90,390.33
------------- ------------- -------------- ------------- -------------
$ 958,634.83$ 626,340.41 $ 1,584,975.24$ 1,747,554.00$ 162,578.76
Excess of Revenues over Expenditures
$
0.00 $
0.00 $
0.00
=========== =========== ===========
$
0.00
============
See notes to the financial statements.
- 34 -
UNIVERSITY OF GEORGIA SCHEDULE OF REVENUES ANO EXPENDITURES COMPARED TO BUDGET
OTHER ORGANIZED ACTIVITIES YEAR ENDED JUNE 30. 1994
SCHEDULE "3" Page 5
MARINE RESOURCES EXTENSION CENTER
REVENUES
State Appropriations Other Revenues Retained
CURRENT FUNDS ---------------------------- TOTAL UNRESTRICTED RESTRICTED (Budget Basis)
BUDGET
VARIANCEFAVORABLE (UNFAVORABLE)
$1,206,159.00
$ 1,206,159.00$ 1,206,159.00$
0.00
474,431.42 $ 510,445.11
984,876.53 1,156,550.00 -171,673.47
EXPENDITURES
Personal Services: Education, General and Departmental Services Sponsored Operations
Operating Expenses: Education, General and Departmental Services Sponsored Operations
$1,680,590.42 $ 510,445.11 $ 2,191,035.53$ 2,362,709.00$ -171,673.47
------------- ------------- -------------- ============= -------------
$ 1,096,763.03
$ 1,096,763.03$ 1,112,981.00$ 16,217.97
$ 392,555.90
392,555.90 456,000.00
63,444.10
583,827.39
583,827.39 641,728.00
57,900.61
117,889.21
117,889.21 152,000.00
34,110.79
------------- ------------- -------------- ------------- -------------
$1,680,590.42 $ 510,445.11 $ 2,191,035.53$ 2,362,709.00$ 171,673.47
Excess of Revenues over Expenditures
$
0.00 $
0.00 $
0.00
============ ========== ===========
$
0.00
========
See notes to the financial statements.
- 35 -
UNIVERSITY OF GEORGIA SCHEDULE OF REVENUES AND EXPENDITURES COMPARED TO BUDGET
OTHER ORGANIZED ACTIVITIES YEAR ENDED JUNE 30, 1994
SCHEDULE "3" Page 6
VETERINARY MEDICINE EXPERIMENT STATION REVENUES
State Appropriations
CURRENT FUNDS ---------------------------- TOTAL UNRESTRICTED RESTRICTED (Budget Basis)
BUDGET
VARIANCEFAVORABLE (UNFAVORABLE)
' $2,491,514.00$
0.00 $ 2,491,514.00$ 2,491,514.00$
0.00
------------- ------------- -------------- ============ -------------
EXPENDITURES
Personal Services: Education, General and Departmental Services
Operating Expenses: Education, General and Departmental Services
Agricultural Research
$1,457,828.56$
308,576.44 725,109.00
o.oo $ 1,457,828.56$ 1,459,039.00$ 1,210.44
308,576.44 307,366.00 725,109.00 725,109.00
-1,210.44 0.00
Excess of Revenues over Expenditures
$2,491,514.00$
0.00 $ 2,491,514.00$ 2,491,514.00$
0.00
------------- ------------- -------------- ~============ -------------
$
0.00 $
0.00 $
0.00
============ =========== =============
$
0.00
============
See notes to the financial statements.
- 36 -
UNIVERSITY OF GEORGIA SCHEDULE DF REVENUES AND EXPENDITURES COMPARED TO BUDGET
OTHER ORGANIZED ACTIVITIES YEAR ENDED JUNE 30, 1994
SCHEDULE "3" Page 7
VETERINARY MEDICINE TEACHING HOSPITAL
REVENUES
State Appropriations Other Revenues Retained
CURRENT FUNDS
----------------------------
TOTAL
UNRESTRICTED RESTRICTED (Budget Basis)
BUDGET
VARIANCEFAVORABLE (UNFAVORABLE)
$ 474,622.00 3,038,961.98 $
$ 474,622.00$ 474,622.00$
0.00
0.00 3,038,961.98 3,200,000.00 -161,038.02
EXPENDITURES
Personal Services: Education, General and Departmental Services
Operating Expenses: Education, General and Departmental Services
$3,513,583.98$
0.00 $ 3,513,583.98$ 3,674,622.00$ -161,038.02
------------- ------------- -------------- =========== -------------
$1,514,532.61 $ 1,942,220.51
0.00 $ 1,514,532.61 $1,522,082.00$ 7,549.39 1,942,220.51 2,152,540.00 210,319.49
Excess of Revenues over Expenditures
$3,456,753.12$
0.00 $ 3,456,753.12$ 3,674,622.00$ 217,868.88
------------- ------------- -------------- ========== -------------
$ 56,830.86 $
0.00 $ 56,830.86
=========== =========== ==ii.::~=========
$ 56,830.86
See notes to the financial statements.
- 37 -
UNIVERSITY OF GEORGIA SCHEOULE OF OPERATIONS
LOAN FUNDS
YEAR ENDED JUNE 30, 1994
SCHEDULE "4" Page 1
FUND BALANCE ADDITIONS/ DEDUCTIONS/ FUND BALANCE
FUND
JULY 1, 1993 TRANSFERS
TRANSFERS JUNE 30, 1994
U. S. GOVERNMENT GRANTS REFUNDABLE
Perkins Loan Fund Pharmacy - NIH Veterinary Medicine - NIH
$ 8,271,580.04 $ 251,639.63 $ 130,097.42 $8,393,122.25
802,304.72 30,262.77
0.00 832,567.49
847,035.56 25,690.77
-401.87 873,128.20
$ 9,920,920.32 $ 307,593.17$ 129,695.55 $10,098,817.94
-IN-S-T-I-T-U-T-I-O-N-A-L---L-O-A-N-S-----R-E-S-T-R-IC-T-E-D-
Athens City Panhellenic
$ 9,335.47 $
Athens Lions Club
1,848.86
Bailey, Dot Watkins
201. 53
Barrett, Claude B.
1,950.02
Barrett, Depree
10,069.77
Bohn, Henr~ E.
14,064.42
Bolton, Jon 0., Jr., Memorial
1,372.05
Brandh Charles Hillyer
16,032.22
1 Broac , Mar Upshaw
Brown, Char es McDonald
3,513.81 87,384.75
Brown, Henry Warren, Memorial
10,386.28
Bullard, B. F.
257,415.17
Burton, Patricia Lynn
13,141.56
Cobb, Lucy, Institute
334,062.82
Comer, Edward T.
470,284.37
Crenshaw, McCarthy, Memorial
32,916.41
DAR - Clarke, Elijah
19,536.84
OAR - McCurryf Richard Walton
16,077.21
OAR - Memoria
69,541.00
DAR - Talmad~e, May E.
47,235.68
Davis, Blanc e Mohr
14,646.86
Dawson 4-H Clu~ of Georgia
160,451.60
Denmark, William S., Memorial
157,562.04
Dodd, Euvene and Harry
389.02
Druid Hi ls Methodist Church
19,718.94
Dukes, J.C., Agriculture
16,861.85
Dukes, J. C., Business Administration
13,036.97
Dukes, J. C., Home Economics
14,564.81
Findley, Leander and Garnder, Annie F.,
Memor1al
177,241.09
Findley, W. C.
26,777.63
Forbes, Mr. and Mrs. Walton T., Sr.,
Memorial
263.87
Forestry
8,716.92
GHEAC Loan Investment Fund
2,025.94
Gallaher, Ebb W., Memorial
7,472.67
Georgia 4-H Club
20,076.81
Girls' Canning Club
45,003.33
Grant, B. F., Emer~ency
5,089.24
Grayson, Colonel William L.
28,253.24
Happ, Pinkus
124,692.01
Harr1s, James Coffee
5,515.31
Heckman, Harold M., Jr., Memorial
13,311.98
Heckman, Harold M., Jr. Music
377.98
Hirsch, Morris, Memoriaf
1,118.22
1 Home Economics Emergenc
Hunt, James H., Memoria
9,241.91 1,257,005.60
Interfraternity Council
42,265.91
Jefferson High School
33.88
Jenkinsf Albert and Dorothy, Journalism Fund
17,784.34
King, C yde L., and Son
109,367.06
Landscage Architecture
7,177.11
Lipscom, Francis A.
23,012.17
Lumpkin Joseph H.
4,053.84
Marshalf, Mr. and Mrs. T. 0.
18,882.94
Mclendon, Or. Walter F., Memorial
18,576.40
Merck Com~any Michael, oina
16,331.64 9,007.29
Miscellaneous
1,263.02
Moon Funds
1,187.20
National Association of Federal
Veterinarians
1,919.33
440.43 66.76 7 .11 70.44
364.31 666.76 $ 49.48 674.87 126.97 112,935.66 10,966.42 10,839.67 474.63 14,056.60 18,364.35 1,412.60 889.47 704.41 1,770.24 2,024.79 639.08 6,675.19 6,808.62 519.21 767.02 610.17 471. 71 527.04 7,587.67 969.02
9.37 315.37 370.57 282.05 751.41 2,258.89 184.00 1,201.04 5,035.46 199.44 882.30
13.51 43.25 392.09 49,744.40 1,697.67
1.08 1,149.46 4,646.08
187.50 832.78 5,420.65 1,283.93 548.08 613.53 325.83 45.58 1,584.68
69.32
$ 733.34 86,570.32 10,762.04 -384.41 115.70
402.93
9,775.90 1,915.62
208.64 2,020.46 10,434.08 13,997.84 1,421.53 16,707.09 3 640.78 113:750.09 10,590.66 268,254.84 13 616.19 348:119.42 489,033.13 34,213.31 20,426.31 16,781.62 71,311.24 49,260.47 15,285.94 167,126.79 164,370.66
505.30 20,485.96 17,472.02 13,508.68 15,091.85
184,828.76 27,746.65
1.62 4,200.42 1,229.99
273.24 9,032.29 2,396.51 7,754.72 20,828.22 47,262.22 5,273.24 29,454.28 129,727.47 5,714.75 14,194.28
391.49 1,161.47 9,634.00 1,306,750.00 43,961.96
34.96 18 933.80 114:013.14
7,364.61 23,844.95 5,274.07 20,166.87 19,124.48 16,945.17 9,333.12
1,308.60 1,541.89
1,988.65
See notes to the financial statements.
- 38 -
UNIVERSITY OF GEORGIA SCHEDULE OF OPERATIONS
LOAN FUNDS YEAR ENDED JUNE 30. 1994
SCHEDULE "4" Page 2
FUND
INSTITUTIONAL LOANS - RESTRICTED
Newton Phi De
1 t
Henr.y a Ph1
E.
Phillips, Benjamin Z., Law
Pittard~ John T., Memorial
Pratt, ~lifford Memorial
Reed Albon Wilfiam, Memorial
Scaiffe, James O.j Jr., Memorial
Solomons, I. A., r., Memorial
Soule Andrew M.
Stripfini, C. M. and Bernice
Students Emergency Loan Fund
Students' Veterans Organization
Thompson, Berryman T., Education
Thurmond, Max, Memorial
Tucker, Frances Clementine
Tye, Leila Bates
Union Bag Camp Paper Company
University of Georgia - Law Dames
Wall, Judie L.
Wellhouse, Louis, Memorial
Westbrook~ Rebecca E.
Wi 11 cox, l;eci l
Williams Allie Prickett
Wilson, tharles C., Memorial
Young, Ida A.
RECONCILIATION OF STUDENT NOTES RECEIVABLE Balance July 1, 1993 Add: Loans to Students Deduct: Repayment of Loans Loans Assigned to Federal Government Loan Cancellations and Write-Offs For Bankruptcy For Death For Disability For Teaching Service For Loans Written Off
FUND BALANCE ADDITIONS/ DEDUCTIONS/ FUND BALANCE
JULY 1, 1993 TRANSFERS
TRANSFERS JUNE 30, 1994
$ 13,285.40$
477.43
$ 13,762.83
426.60
15.26
441.86
52,273.81 -22,670.39
29,603.42
3,447.36
124.62
3,571.98
8,081.93
292.39
8,374.32
1,182.75
1,578.28 $ 1,225.40
1,535.63
1,086.75
39.18
1,125.93
45,249.57
1,637.20
46,886.77
157,576.13
7,275.92
164,852.05
70,876.52
2,931.75
73,808.27
294,715.06
17,836.32
277. 88
312,273.50
2,456.71
88.78
2,545.49
168,629.73
6,938.23
175,567.96
10,638.54
384.91
11,023.45
60,264.37
3,967.07
64,231.44
6,275.47
228.10
6,503.57
19,606.49
837.40
20,443.89
15,712.20
582.19
16,294.39
375,241.38 13,583.37
388,824.75
5,053.32
261.52
5,314.84
29,046.18
512.23
29,558.41
3,550.28
128.36
3,678.64
14,496.09
655.22
15,151.31
15,507.99
656.39
16,164.38
-----5-8-,6--5-0-.1--3 -----2-,4--1-4-.5--9 ------------- -----6-1-,0--6-4-.7--2
$--5-,2-4--9-,9--7-8-.9--7 $---3-2-3-,-3-4-6-.-3-4$----1-0-5-,-1-3-5-.2--3 $--5-,4-6--8-,1--9-0-.0--8
$=1=5=,1==7=0=,8==9=9=.2=9= $===6=3=0=,9==3=9=.5=1= $====2=3=4=,8==3=0=.7==8 $=1=5=,5==6=7=,0==0=8=.0==2
$10,592,582.66
2,134,896.27
$12,727,478.93
$1,679,345.87 20,223.74
$
8,401.48
1,047.75
11,271.70
48,402.10
323.53
69,446.56 1,769,016.17
Balance June 30, 1994
$=1=0=,9==5=8=,4==6=2=.7==6
See notes to the financial statements.
- 39 -
UNIVERSITY OF GEORGIA SCHEDULE OF OPERATIONS
ENDOWMENT FUNDS YEAR ENDED JUNE 30. 1994
SCHEDULE "5" Page 1
FUND BALANCE ADDITIONS/ DEDUCTIONS/ FUND BALANCE
FUND
JULY 1, 1993 TRANSFERS TRANSFERS JUNE 30, 1994
FOR GENERAL USE BY UNIVERSITY
Franklin Co11 ege Gilmer, George R. Grace, Walter J. Land Scrip Magers, Edmund, General
$ 117,962.44 $ 15,098.42 1,247.40 241,696.73 102.58
452.44
380.28 31.39
6,088.08 2.55
$ 118,414.88 15,478.70 1,278.79 247,784.81 105.13
FOR RESTRICTED USE BY UNIVERSITY
Alumni Library Alumni YMCA Beaver, Sandy, Endowment Bocock, W. H. Brockman, Charles J. College of Veterinary Medicine -
Comparative Medical Research Fund Cunningham, George V. Dorsey, Jasper N., Chair of Public Utilities
Economics Feingold, Philip, Memorial Forbes Leadership Award Fund Founders Memorial Garden Fryer, Judge Joel J., Memorial Law Library Fund Georgia Savings and Loan Chair Hargrett Library Fund Heckman, H. M., Chair of Public Accounting Henderson, H. B., Trust Lamar, William Pendleton Langston, H. Stanley Library Support Trust Fund Lokey and Bowden Memorial Book Fund Lumpkin Law School Marine Sciences Program Trust Fund Martin, John Byrd, Chair of Law McCay, Charles F. McKamy, David Knox Peabody, George F., Radio Award Perdue, Graham Trust Redfearn, D. H., "Arch" Fund Religion on Campus - Danforth Russell, Richard B., Chair Smith, Jennie Snyder, Byron F., Trust Terrell, William Thornton Trust Tull, J. M., Chair of Accounting Vincent, Eleanor Ferguson Washington, J. H. R., Science Library
99,791.31 13,441.53 2,000,000.00
762.62 4,632.31
858,943.77 8,571.43
625,706.96 11,853.03 4,989.57 7,069.15 8,163.85 352,287.55 546,315.44 125,364.71 6,419.17 19,958.27 19,958.27 140,679.42 16,285.94 44,906.09 63,112.52 430,394.77 547,693.17 162,550.58
1,072.75 516,399.27
997.92 25,561.53 203,016.25 57,417.52 1,428,386.92 20,088.00 175,062.00 567,751.37 31,353.44 1,462.21
2,513.60 338.56
29.98 116.65
305,223.40$ 327,786.75 404.84
21,804.68 650.17 125.65 178.03 193.04
7,531.37 31,347.67
6,880.46 161.67 502.72 502.72
5,748.29 476.88
1,131.12 1,624.72 7,015.68 11,241.75 3,515.68
27.01 65,413.54
25.10 643.85 3,785.82 1,165.74 16,137.56 505.95
60,313.39
5,661.24 789.72 36.82
102,304.91 13,780.09
2,000,000.00 792.60
4,748.96
836,380.42 8,976.27
647,511.64 12,503.20
5,115.22 7,247.18 8,356.89 359,818.92 577,663.11 132,245.17 6,580.84 20,460.99 20,460.99 146,427.71 16,762.82 46,037.21 64,737.24 437,410.45 558,934.92 166,066.26 1,099.76 581,812.81 1,023.02 26,205.38 206,802.07 58,583.26 1 , 384 , 211. 09 20,593.95 175,062.00 573,412.61 32,143.16 1,499.03
FOR SCHOLARSHIPS AND AWARDS ONLY
Anderson, Peyton T., Scholarship Fund Athon, Troy A., Jr., Memorial Scholarship Atlanta Board of Realtors Scholarship Barker, Terry F., Scholarship Barrett, Augusta H. and Grace A., Scholarship Biscoe, Alvin R., College of Business
Scholarship Blackmar, Dana, Scholarship Bryan, William Jennings, Prize Burch, James Buttolph, Scholarship Callison, Claude B., Memorial Scholarship Fund Castellow, Bryant T., Memorial Scholarship Chatham, Mary Bates, Scholarship Cobb, Lois Dowdle, Scholarship Fund Comer, Thomas F., Scholarship
19,979.14 25,645.15 12,222.30 40,593.76 24,947.83
111,071.60
249.49 14,968.69 8,319.57 930,384.90 9,979.14 19,958.27 86,996.03
10,251.33 1,026.75 307.84 1,022.49 628.38
2,609.45 53,543.22
6.28 377.04 309. 54 13,345.80 251.33 502.72 1,998.32
37.38 9.00
30,230.47 26,634.52 12,530.14 41,607.25 25,576.21
113,681.05 53,543.22
255. 77 15,345.73 8,629.11 943,730.70 10,230.47 20,460.99 88,994.35
See notes to the financial statements.
- 41 -
UNIVERSITY OF GEORGIA SCHEDULE OF OPERATIONS
ENDOWMENT FUNDS YEAR ENDED JUNE 30, 1994
SCHEDULE "5" Page 2
!!till
FUND BALANCE ADDITIONS/ DEDUCTIONS/ FUND BALANCE JULY 1, 1993 TRANSFERS TRANSFERS JUNE 30, 1994
FOR SCHOLARSHIPS AND AWARDS ONLY
Connally, Joe Brown, Scholarship
$
Connell, Jamie, Annual Memorial Award
Constangy, Frank A., Memorial Scholarship
Cooledge, Alvin and Jean, Scholarship
Corbin, Floyd Stewart, Scholarship
Craven, Kip, Scholarship
Davenport Scholarship Fund
Day, Roy 8., Scholarship Fund
Driftmier, R.H., Award
Fayette Board of Realtors Scholarship
Fletcher, Orlin Kenyon, Jr., Scholarship Fund
Franklin, George Rush, Scholarship
Georgia Association of Realtors Scholarship
Georgia Bankers Association
Georgia Chapter, Women's Council of Realtors
Georgia Dairy Memorial and Scholarship
Foundation Fund
Georgia Power Agricultural
Engineering Freshman Scholarship
Gilbert Trust Fund
Gnann, Henry M., Scholarship
Golden, Larry L., Memorial Fund
Hailey, Albon 8., Scholarship Fund
Harris, James Coffee, Award
Hartley, Grace, Scholarship
Henderson, G. E., Award
Hinrichs, Fay-Bond, Scholarship
Hughes, Dudley Mays, Scholarship
Isakson, Andrew, Scholarship Fund
Johnson, Karl, Memorial Scholarship
Johnson, Martha Jo Walker, Memorial Fund
Jones, Del, Memorial Trust
Jones, Jerome, Memorial AFL-CIO Scholarship
Jordan, Floyd and Emily, Scholarship
Keen, George Erwin, Scholarship
Kilgore, Virginia Willbanks, Scholarship Fund
Kitzinger, George D., Annual Honorary Award
Lambert, Eunice Rustin, Scholarship
Levy, John Sanford, Memorial
McFarlane, William and Florence, Scholarship
Fund
McWhorter, Hamilton, Prize
Meinhard, Issac, Memorial Award
Michael, Bert, Scholarship
Music Scholarship
Nelms, Dorothy L., Scholarship
Nuttycombe Prize
Parker, Julia, Scholarship Fund
Payne, Raymond, Memorial
Perry, Carrie G., Scholarship Fund
Phelps-Stokes
Phippen, Bill, Scholarship Fund
Prescott, Donald Ralph, Endowment Fund
Pusey, Edwin D., Prize
Ray, William I., Scholarship Fund
Richmond, Henry L., Fellowship
Rogers, Flora, Scholarship Fund
Russell, Horace 8., Prize
Semenow, Robert W., Scholarship
Sheldon, Robert A., Memorial
Shenkel, William M., Scholarship Fund
Sheuring, John J., Memorial
Simon, Paul Ashley, Memorial Scholarship Fund
Slaughter, Varina and L. 8., Scholarship
Smith, Hoke, Memorial
13,779.66 $ 3,139.44 60,308.01 78,660.14 49,895.66 5,401.68 18,602.82 207,732.32 1,147.48 1,167.27
25,000.00 6,198.16 9,979.14 7,244.79
763.37
$
79.06
2,052.58
1,617.22 $ 58,816.41
1,256.80
136.05
468.57
3,502.61 170,993.48
28.20
29.38
59,182.79
156.10 251.33 182.44
3,617.44
91.10
11,035.08 714,212.02
5,562.82 5,639.22 26,457.13
997.92 34,069.79
598.75 6,493.20
30,695.01 9,979.14 9,979.14 3,991.66 114,918.74 3,093.53 16,460.43 215,984.82 516,637.75 14,014.06 19,786.04 13,885.97
277.95 126,225.99
140.08 142.03
25.10 5,939.81
15.06 163.56 773.16 251.33 251.33 100.52 737.84 77 .89 414.61 2,630.39 13,013.56 352.96 498.37 349.75
134,380.49 2,397.69 997.92 848.23 3,040.00 13,142.52 3,642.77 9,979.14 612.59 4,994.79 13,970.78 11,825.00 31,230.69 1,743.55 72,966.04
19,192.88 9,979.14 1,995.83 15,467.65 6,121.53 10,148.79 10,014.06 50,419.57 20,864.73 9,229.38
130,000.00 90.18 25.10 21.35
331.03 580.50 251.33 15.41
62.82 351.88 2,000.00 786.65
43.90 1,837.93
483.43 251.33
50.25 389.59 154.17 255.61 252.21 1,270.00 525.55 232.44
14,543.03 3,218.50 62,360.59 21,460.95 51,152.46 5,537.73 19,071.39 40,241.45 1,175.68 1,196.65 59,182.79 25,000.00 6,354.26 10,230.47 7,427.23
3,708.54
11,313.03 840,438.01
5,702.90 5,781.25 26,457.13 1,023.02 40,009.60
613.81 6,656.76 31,468.17 10,230.47 10,230.47 4,092.18 115,656.58 3,171.42 16,875.04 218,615.21 529,651.31 14,367.02 20,284.41 14;235.72
264,380.49 2,487.87 1,023.02 869.58 3,040.00 13,473.55 4,223.27 10,230.47 628.00 5,057.61 14,322.66 13,825.00
32,017.34 1,787.45 74,803.97 19,676.31 10,230.47 2,046.08 15,857.24 6,275.70 10,404.40 10,266.27 51,689.57 21,390.28 9,461.82
See notes to the financial statements.
- 42 -
UNIVERSITY OF GEORGIA SCHEDULE OF OPERATIONS
ENDOWMENT FUNDS YEAR ENDED JUNE 30, 1994
SCHEDULE "5" Page 3
FUND BALANCE ADDITIONS/ DEDUCTIONS/ FUND BALANCE
FUND
JULY 1, 1993 TRANSFERS TRANSFERS JUNE 30, 1994
FOR SCHOLARSHIPS AND AWARDS ONLY
Smith, Martin Reynolds, Memorial Prize Stoddard-Burleigh-Sutton Scholarship Tate, Stephen C., Scholarship Fund Torgeson, Scott, Memorial Fund Trotti, Lamar, Jr., Scholarship University Law Class of 1933 Memorial WSB Radio Award Wardlaw, William M., Scholarship Fund Warner, Byron, Men's Glee Club Fund Wheeler, Starr Hollister, Memorial Fund Wilkins, Josephine, Scholarship Willcox, Cecil, Prize Zimmer, Herbert, Psychology
$ 8,567.94 $
276.37
$
8,844.31
25,810.26
650.13
26,460.39
30,301.29
763.23
31,064.52
14,628.85
368.47
14,997.32
12,980.95
300.23
13,281.18
3,717.22
93.62
3,810.84
3,082.32
80.68 $ 108.59
3,054.41
77,870.24
4,273.63
82,143.87
7,771.24
195.72
7,966.96
9,375.55
236.14
9,611.69
51,733.93
842.05 15,097.20
37,478.78
1,995.83
50.25
2,046.08
23,932.37
602.82
24,535.19
FOR STUDENT LOANS ONLY
Brand, Charles Hillyer, Memorial Brown, Charles McDonald Brown, Henry Warren, Memorial Bullard, B. F. D.A.R. - Mccurry, Richmond Walton D.A.R. - Talmadge, May Erwin Denmark, William Stark, Memorial Dodd, Eugene and Harry Grayson, William L., Scholarship Loan Fund King, Clyde L., Jr., and John, Memorial Lumpkin, Joseph Henry, Scholarship Moon, C. A. and H.B. T., Memorial Moon, Pearl Campbell, Memorial Phillips, Benjamin Z., Law Scholarship Reed, Alben William, Memorial Thompson, Berryman T., Educational
2,500.00
3,145,299.14 274,904.28
43,734.40 2,964.28
9,448.41 29,068.86
16,582.22 7,983.30 19,859.75 171,961.50
25,303.80
25,279.46
23,808.51 50,363.38
27,736.23
157,111.74 10,762.04
1,101.60
800.31 201.09 500.21 8,321.16 1,221.39 1,220.78 599.68 2,432.29 698.64
2,500.00 3,302,410.88
285,666.32 44,836.00
2,964.28
9,448.41 29,068.86 17,382.53 8,184.39
20,359.96 180,282.66
26,525.19 26,500.24
24,408.19 52,795.67 28,434.87
FOR STUDENT LOANS AND/OR SCHOLARSHIPS
Barrett, Claud B., Educational Burton, Patricia Lynn, Endowment Fund Churchill, A. F., Memorial Citizens and Southern National Bank Educational Comer, Edward T. Dawson, Edgar Gilmer Forbes, Mr. and Mrs. Walter T., Sr., Memorial Gallaher, Ebb W., Memorial Heckman, H. M., Jr., Music Loan Fund Hosch, John H., Jr., Fund Lamar, Joseph Rucker, Scholarship Mitchell, Thomas E., Scholarship Ratner, Milton M., Scholarship and Loan Tucker, Frances Clementine University Theatre Ward, R. J., Memorial Fund Willcox, Ceci 1
30,611.48 10,079.73
56,109.70 28,089.66
462,594.76
619,830.40
48,179.12 6,612.91
9,979.14
87,539.93
24,947.83 89,798.91 49,895.66 167,505.87 26,885.43 4,989.57
2,494.77
771. 05 546.31 220.58 707.53 8,776.49 8,527.95 926.67 166.56 251.33 2,205.01 628.38
1,256.80 2,946.19
677.19 125.65 63.07
31,382.53 10,626.04
56,330.28 28,797.19
471,371.25
628,358.35
49,105.79 6,779.47
10,230.47 89,744.94
25,576.21 89,798.91 51,152.46 170,452.06 27,562.62
5,115.22 2,557.84
ADJUSTMENTS State of Georgia Constitutional Debt Carried in Preceding Account (Franklin College)
-100,000.00
-100,000.00
$19.330,126.42 $1.181.529.49 $ 633.162.20 $19.878.493.71
See notes to the financial statements.
- 43 -
UNIVERSITY OF GEORGIA SCHEDULE OF CASH RECEIPTS AND DISBURSEMENTS
AGENCY FUNDS YEAR ENDED JUNE 30. 1994
SCHEDULE "6" Page 1
FUND
PAYROLL DEDUCTIONS AND EMPLOYER'S
CON TR I BUTI CNS
F. I.C.A. Federal Income Tax State Income Tax Retirement Group Insurance Employees' Credit Union Tax Deferred Annuity Savings Bonds South Carolina Income Tax UGA Loyalty United Way Garnishments New York State Withholding North Carolina Withholding Wage Assignment Tax Levy Earned Income Credit Chapter Thirteen Bankruptcy Staff Benefits Clearing Georgia Defined Contribution Plan
OTHER FUNDS
Abeneefoo Kuo Accounts Payable Clearing Advance Alpha Phi Alpha Annual State German Day Convention Army ROTC Subsidiary Artificial Intelligence Key Deposits Associated Society for Public
Administration Athens/University Cooperative Athletic Fees B-nai B-rith Hillel Ballroom Dance Club Baptist Student Union Biological Sci-Hydrogehase Black Greek Committee Step Show Black Greek Council Boggs Hall Botanical Gardens Deposit Refund Botanical Garden Education Program Brumby Hall Special Cambridge Workshop Cool Stars Campus Alcohol Workshop Career Planning/Placement Projects Carrell Keys Deposit Carthage Excavations Certificate of Merit Conference CFCS MFT Institute CFSQ Annual Meeting Check Clearing Cheerleading Camps Chemistry Key Deposit Church Hall
See notes to the financial statements.
BALANCE JULY 1, 1993
RECEIPTS
BALANCE DISBURSEMENTS JUNE 30, 1994
$
-267.68 $ 36,410,182.53 $ 36,471,961.88 $ -62,047.03
-2,078.62 34,310,182.73 34,376,280.65 -68,176.54
864,137.16 11,131,345.83 11,063,024.58
932,458.41
3,549,270.43 47,746,675.94 47,724,128.35 3,571,818.02
4,447,680.25 65,107,400.26 67,646,429.17 1,908,651.34
1,532.02 4,851,406.71 4,852,938.73
417,103.62 8,262,076.94 8,679,180.56
7,500.00
83,000.00
90,500.00
16,562.63
225,288.46
222,334.51
19,516.58
95,804.33
95,804.33
22,758.34
286,814.94
287,189.52
22,383.76
6,282.63
121,427.39
124,708.65
3,001.37
555.43
555.43
574.83
1,725.21
1,831.16
468.88
3,175.88
154,662.02
157,837.90
3,850.73
63,980.18
67,830.91
12,348.51
12,008.05
340.46
10,276.07
259,546.19
269,822.26
115.41
0.89
0.17
116.13
48,409.14
650,730.31
642,588.17
56,551.28
------------- -------------- -------------- -------------
$9,396,882.84 $209,775,154.80 $212,786,399.55$ 6,385,638.09
------------- -------------- -------------- -------------
$
15.81
$
$ 245,562.91 $ 245,562.91
107.74
-2.00
142.00
195.31
468.72
420.33
695.37
60.84
630.00
100.00
205.00
266.15 31.30 1,020.14 -89.50 805.30
495.40 -113. 94 -191.14
567.88 7,875.00
4,177.10 125.00
2,364.95 12,166.35
5,887.87 9,000.00 1,621.27
128,383.70 350.68 164.68
1,112,447.50 100.00
2,169.93 25.00
1,864.47 2,319.60 4,529.50 12,800.00 19,022.06 28,501.88 3,150.00 1,683.17 20,672.00 4,285.00 14,000.00
193.50 3,585.51 11,269.00 799,187.33 149,046.00
100.00 11,274.75
31.30 1,112,097.75
2,948.14
1,587.59 2,150.52 4,026.05 11,925.00 18,970.96 25,189.45
325.50 1,682.67 29,274.57 2,680.00 9,212.00 1,304.40 2,995.46 10,912.66 799,187.33 207,429.70
177. 50 9,812.48
15.81
107.74 -55.31 468.72 1,054.86 525.00
266.15
1,369.89 10.50 27.09 25.00
495.40 162.94 -22.06 1,071.33 8,750.00 51.10 7,489.53 2,949.50 2,365.45 3,563.78 7,492.87 13,788.00 510.37 590.05 356.34
70,000.00 273.18
1,626.95
- 44 -
UNIVERSITY OF GEORGIA SCHEDULE OF CASH RECEIPTS AND DISBURSEMENTS
AGENCY FUNDS YEAR ENDED JUNE 30. 1994
SCHEDULE "6" Page 2
BALANCE
BALANCE
FUND
JULY 1, 1993
RECEIPTS
DISBURSEMENTS JUNE 30, 1994
OTHER FUNDS
Classics - Rome College of Education Conference Colonial Staff Oeveloment Computer Simulation Workshop Conferences and Institutes Conferences/Workshops Continuing Education Council of Sea Grants Oirs Creams/Gleams Workshop Creswell Hall CRMS Welch Workshop Demosthenian Society Division of Health, Education and
Recreation Conferences and Workshops Orama & Jour -- Italy Income Dublin Archeology Encyclopedia of Inorganic Chemistry East Georgia Extension Conference Employees' Health Benefit Self-Insurance
Program English/Keys English Department - Oxford Program Environmental Ethics Conference - Hartel Environmental Health Science Explorations Newsletter Extension Workshops and Seminars Family Housing Council Family Housing Staff Development Farm Management Tax Schools Florence Studies Abroad Federalist Society Forestry Key Deposits Forestry Workshops and Seminars Founders Memorial Fraternity-Sorority Building Fund Fraternity-Sorority Building Rent Fraternity-Sorority Contributions
Fraternity-Sorority Rent Freeman, Eugene, Memorial
Fruhe Nuezeit lnterdisziplinar GORP Ski Trip GORP Special Trips Gamma Beta Phi Gamma Sigma Sigma Gasoline Credit Card Clearing Account Genetics Club Geology - Canon City, Colorado Geology - Honors Field Program Georgia Agronomy Club Georgia Nutrition Conference Georgia Pharmacist Magazine
Georgia Repertory Theatre Georgia Residence Hall Organ Georgia Scholastic Press Association Georgia Sculptors Society Georgia Studies Institute Georgia Topology Conference
Georgian Staff Development Handicapped Student Service Conference
Highlands Drama High School Newspaper Workshop
Honors Program - Various
$ 84,339.87$
97,334.64 $ 112,370.36 $
16,951.26
71,910.43
81,275.03
6,472.58
8,374.00
8,435.19
1,604.03
2,630.00
2,083.86
12.21
603.3B
307.05
310.00
606.72
248,161.58 5,479,950.56 5,219,739.90
15,664.00
12,673.14
8,960.00
8,912.00
3,300.00
28,486.89
25,743.67
895.00
137.87.
28.66
252.33
336.99
6,736.94 50,708.24
1,000.00 75,711.97
2,443.50 84,641.85
650.00
100,904.16
4,036.48 97,209.47
9.40 89,264.30
12,373,536.15 335.42 515.78 47.00 867.43 326.99
49,760.98 742.34
6,832.50 34,681.83 29,125.70
427.98 11,080.00
94.B8 74,165.80 17,436.65
989.67 -16,433.34
-4,400.00 250.32
5,276.36 865.23 107.09
26,705.55 60,055.60
108.00 8,134.06 5,126.78
-84.86 4,202.49
4.69 6,718.41 1,550.00 2,398.94
129.80 5,910.96 7,399.82 8,885.91
21,101,394.71 310.00
245.00 1,120.00 28,772.71 5,175.95 1,617.25 35,471.00
4,565.00 21,477.00
9,328.30 137,534.37
2,100.00 46,165.93 17,300.00
320.00 69,034.50 13,B30.50
10,522.90 45.00
50,570.00 69,987.00
533.95 9,705.23 9,506.89
11,251.34
9,635.38 13,309.00 9,167.44
18,575.07 18,217.87
6,225.00
33,474,930.86 346.00 515.78
1,426.00 42,610.06 3,541.26 5,386.96 35,764.02 29,113.39
2,190.00 21,293.82
7,905.84 141,971.74
2,864.67 31,865.14 13,900.00
91.40 68,294.67 12,193.60
10.00 3.00 10,522.90
66,629.71 76,450.08
88.53 10,209.87 4,881.37
4,202.49 9,413.31
8,832.07 14,026.87 7,407.77
24,563.32 18,802.68 10,040.06
69,304.15 7,586.66 6,411.39 2,150.17 -591.17 10.33
508,372.24 2,990.86 48.00 6,043.22 757.13 -56.00
5,143.96 38,140.62
650.00 990.60 87,351.83
299.42
47.00 1,112.43
20.99 35,923.63
2,377.03 3,062.79 34,388.81
12.31 427.98 13,455.00 183.18 94.88 75,588.26 12,999.28 225.00 -2,132.55 -1,000.00 478.92 6,016.19 2,502.13 97.09
-3.00
45.00 10,645.84 53,592.52
108.00 8,579.48 4,622.14 4,540.66
1,838.03 4.69
7,521.72 832.13
4,158.61 129.80 -77.29
6,815.01 5,070.85
See notes to the financial statements.
- 45 -
UNIVERSITY OF GEORGIA SCHEDULE OF CASH RECEIPTS AND DISBURSEMENTS
AGENCY FUNDS YEAR ENDED JUNE 30, 1994
SCHEDULE "6" Page 3
BALANCE
BALANCE
FUND
JULY 1, 1993
RECEIPTS
DISBURSEMENTS JUNE 30, 1994
OTHER FUNDS
House Fee Refunds
$
Housing 12
Humanities Center Workshop
Industrial Arts
Institute of Commerce and Development
Institute of Continuing Judicial
Education
Institute of Ecology Alumni Organization
Interfraternity Council
Interfraternity Council Rush Budget
Interlab Study Abroad
International Organizations
James C. Cantrell Fund
Journal of Organo Metallic Chemistry
Kappa Tau Alpha
Key Deposits - Desk Fees
Marriage and Family Institute
Mary Lyndon Hall
MBA Enterprises
McWhorter Hall
Meat Science Institute
Mell/Lipscomb Hall
Merk Southeast Conference Pharmacy
Residence Award
Miss UGA Pageant
Morris Hall
Music Oratio
Mug 93
Myers Community Council
NABP/AACP Fall Conference
Nakami
National Residence Hall Honor
National Student Exchange
OFC System Research ASSOC TXEX
Oglethorpe House
Opera
Ornl/Cais Conference
Pajak Seventh Institute
Panhellenic
Payne Hall
Payroll Clearing
PHC Rush Budget
Ph.D. Thesis
Phi Beta Delta
Phi Kappa Literary Society
Plans Deposit
Program for School Improvement Workshops
Recreation Facilities
Reed Hall
Republic of Georgia
Residents Hall Association
Rock Eagle Timber Sales
Rural Development Center Conference
Russe 11 Ha 11
Rutherford Ha11
Sales Tax
Sanscript-Jordan Georgia Environmental
Health
Saxophone Ensemble
Scholarships
Regents' Scholarship Fund
Other Scholarships (List on File)
School of Music Workshop
See notes to the financial statements.
309.47 $ 10.00
-85.80 4,485.18
385.22
1,249.50$ 14,999.84
19.50
30,256.91 140,731.54
998.00 $
12,953.87 42.00
9,038.29 139,512.68
38,285.91 525.06
4,432.89 13,659.57 54,279.29
7,356.69 1,000.00
-81.89
640.00 2,890.81
578. 77
5,208.12 2,805.70
708.37
56,153.04 1,410.00
23,601.36 34,757.08 43,450.00 13,565.32 9,638.96
1,029.00 2,708.34 1,025.00
3,864.75 3,650.00 5,990.25
10,275.25
69,364.54
28,176.97 41,142.73 70,674.07
7,504.39
572. 01 1,147.92
26.00 2,890.81 3,419.08
4,052.85 1,272.00 9,647.18
-966.13 457.88 23.26 8,023.07 974.26
60.00 231.22 1,918.60
3.84 2,449.67
111.34 5,088.54 1,579.03
167.70 599.45 -10.59 70,471.23 8,394.00 3,001.56
9.96 10,099.00 33,557.27
5,584.02 2,041.78 9,980.00 12,307.70 5,547.85 117,809.18 14,548.18
340.65 46,304.64
2,000.00 5,823.34 5,174.00 2,801.36
250.00 13,841.00
5,750.00
4,900.00
13,986.88
17,431.27 4,708.96 86,582.09
15,006.45 3,229.00
4,875.00 58,940.28
11,332.75
96,882.69 6,597.28
174,863.57 42,123.60
6,349.50 1,227,435.50
4,411.32 5,016.41 2,783.82 8,273.07 11,075.39
26.25
24.02 4,658.87
11,343.67
1,579.03 7,499.27 4,350.93 85,566.27 66,300.28 14,531.45 3,440.29
14,974.00 61,010.79
152.25 11,013.40 9,980.00 83,232.98 5,547.85 168,312.48 42,888.35
5,317.93 1,221,464.38
107.16 12.23
39.00
27,853.87 119,520.08
39,095.81 1,366,957.83
23,451.14
41,261.72 1,432,336.77
20,470.75
- 46 -
560.97 2,055.97
-108.30 25,703.80 1,604.08
25,074.41 1,935.06 -142.72 7,273.92
27,055.22 13,417.62 10,638.96
375.10 1,560.42 1,639.00
1,024.44 3,650.00 7,145.52 1,533.70 1,336.44
2,000.00 445.89 615.47 40.80
3,739.87 5,723.75
60.00 207.20 2,159.73
3.84 5,092.88
111.34 5,088.54
10,099.70 957.48
1,005.23 4,170.95 8,869.00 2,790.27
9.96
31,486.76 5,431.77 2,361.13
25,957.41 6,597.28 124,360.27 13,783.43 1,372.22 52,275.76
68.16 12.23
25,687.96 54,141.14
2,980.39
UNIVERSITY OF GEORGIA SCHEDULE OF CASH RECEIPTS AND DISBURSEMENTS
AGENCY FUNDS YEAR ENDED JUNE 30, 1994
SCHEDULE "6" Page 4
FUND
OTHER FUNDS
-----------
School of Professional Studies School of Social Work Service Programs Science Fiction Club Sigma Lamda Alpha Smut Fungi Workshop Soule Hall Southern Association of Sculptures Southern College Health Workshop SE Regional Development Bio Conference Spanish Club Stafford Check Clearing Student Deposits Student Athletic Fees Student Greek Week Committee Student Receivable Refund Student Science Training Program Studies Abroad Program - Fall Studies Abroad Program - General Studies Abroad Program - Summer Studies Abroad - Spring Summer Orientation Program TCB - Corporate Education The Classical Outlook The Reading Teacher Journal Timber - Putnam County UGA at Oxford Program - HRE UGA at Oxford Program - English UGA Band Workshop and Program UGA Book Arts Guild UGA Golf Tournament UGA Habitat for Humanity UGA Student Chapter of Young Democrats Unclaimed Property Clearing Account United Nations Team University Foundation University Theatre VH Vinson/Geography VPAA - Facilities Plan Conference Wesley Foundation Wiley EIC Scott Wind Ensemble
BALANCE
BALANCE
JULY 1, 1993
RECEIPTS DISBURSEMENTS JUNE 30, 1994
------------- -------------- -------------- -------------
$ 5,848.41 $ 18,921.05 $ 19,863.10$ 4,906.36
2,096.58
2,470.00
2,650.23
1,916.35
6.15
2.63
3.52
75.53
1,435.00
1,308.01
202.52
348.73
348.73
813.74
3,364.25
3,704.58
473.41
2.92
2.92
1,926.54
1,926.54
5,297.90
5,297.90
14.46
14.46
1,173.00
16,857.63
18,030.63
29,782.00
239,399.64
236,281.84
32,899.80
1,265,442.50 1,265,442.50
3,209.97
5,756.90
6,382.65
2,584.22
200.00
878,296.53
877,851.24
645.29
1,360.66
1,361.43
-0.77
5,506.27
266,900.08
277,754.50
-5,348.15
16,256.79
112,076.42
92,923.57
35,409.64
273,113.35
811,530.27
767,120.18 317,523.44
50,022.41
228,983.82
226,773.54
52,232.69
193,690.20
260,681.45
240,473.29 213,898.36
422,342.20
320,751.55 101,590.65
3,123.55
17,500.00
18,083.03
2,540.52
-84.35
2,537.55
853.52
1,599.68
58,229.13
116,524.58
58,228.63 116,525.08
230,040.30
2,755.59
232,795.89
465,773.30
248,958.81
216,814.49
54,054.82
122,254.30
131,325.39
44,983.73
688.32
839.25
935.62
591.95
145.72
145.72
702.24
13.85
716.09
6.40
6.40
194.40
516.35
710.75
53.84
53.84
17,550.00 1,461,746.84 1,479,296.84
589.84
21,684.64
20,687.69
1,586.79
300.91
1,074.98
907.85
468.04
5,268.14
343.27
5,611.41
-55.25
200.00
125.00
19.75
651. 64
1,227.90
-576.26
285.15
500.00
171.52
613.63
------------- -------------- -------------- -------------
$15,001,920.82 $40,474,561.85$ 52,642,448.21 $ 2,834,034.46
$24,398,803.66 $250,249,716.65 $265,428,847.76$ 9,219,672.55
============= ============== ============== =============
See notes to the financial statements.
- 47 -
UNIVERSITY OF GEORGIA SCHEDULE OF OTHER ORGANIZED ACTIVITIES
BALANCE SHEET JUNE 30, 1994
ASSETS
Cash and Cash Equivalents Accounts Receivable
Total Assets
LIABILITIES AND FUND BALANCES
Liabilities Cash Overdraft Accounts Payable Salaries Payable Deferred Revenue Other Unclaimed Property
Total Liabilities Fund Balances
Unrestricted
Total Liabilities and Fund Balances
AGRICULTURAL EXPERIMENT STATION
ATHENS AND TIFTON VETERINARY LABORATORIES
$ $ 2,194,119.12
46.51
$ 2,194,119.12 $
46.51
============= =============
$ 78,717.01 1, 725,486. 00 265,256.98 93,359.31 294.28 $
$2,163,113.58$
31,005.54
38.10 38.10 8.41
$ 2,194,119.12 $
46.51
============= =============
See notes to the financial statements.
- 48 -
SCHEDULE "7"
UNRESTRICTED
COOPERATIVE EXTENSION SERVICE
----- --------
MARINE
INSTITUTE
-------------
MARINE RESOURCES EXTENSION CENTER
-------------
VETERINARY MEDICINE EXPERIMENT STATION
-------------
VETERINARY MEDICINE TEACHING HOSPITAL
-------------
TOTAL
-------------
$ $ 928,613.79
44,979.06$
72,998.80 $ 7,122.02
60,013.48
$ 178,037.85
$ 285,810.45 3,415,665.38
$ 928,613.79$ 44,979.06$ 80,120.82 $ 60,013.48$ 285,810.45$ 3,593,703.23
============= ============= ============= ============= ============= =============
$ 251,474.49 427,573.58$ 216,999.34
37,269.57 $ 5,655.67
62,483.13 $ 13,920.21
$ 22,459.89 $ 352,651.39
41,620.66 156,231.09 2,450,664.03
13,333.10
33,241.23 548,406.53
93,359.31
794.75
157.64
1,284.77
------------- ------------- ------------- ------------- ------------- -------------
$ 896,842.16$ 42,925.24$ 76,403.34$ 54,953.76$ 212,089.85$ 3,446,366.03
31,771.63
2,053.82
3,717.48
5,059.72
73,720.60 147,337.20
$ 928,613.79 $ 44,979.06 $ 80,120.82 $ 60,013.48$ 285,810.45$ 3,593,703.23
============= ============= ============= ============= ============= =============
- 49 -
LtllVERSITY CJ" !:CRGIA SCtflllE CJ" Ol1-ER <R!WlIZED ACTIVITIES
OWS IN Flt,'!) BAL.AtCES YEM EN!l:D .l..t 30. 1994
AGUW.Tl.RAL EXPERUNT STATI~
ATtNS NlJ TIFTCJi vmRINARY l.AIIRAT<RIES
CXXFERATIVE EXTENSI~ SERVICE
LmESlRICTED RESlRICTED LmESlRICTED RESlRICTED IMESlRICTED RESlRICTED
REVEN.ES NfJ OTI-ER AOOITIOO
Lhrestrict8l Cumm FU'ld Revmles Federa1 Grants arxl Cart:racts State Grants and Cart:racts oth!r States Grants arxl Cart:racts Lccal Grants arxl Cart:racts Private Gifts. Grants, arxl Cart:racts Sales and Services
Adjustrre,ts
Prior Years' Expenditures/lcaults Payable Prior Year's Aa:ne:I Payroll
$41,091,781.28
$
$10,234,179.07
637,942.05
381,445.06
3,431,f!IJ7 .59
51,524.39
$34,206,386.73
$ 3,461,948.90
$2,902,538.90
995,686.91
129,709.94
350,353.67
42,760.40
452,371.10
4,860,435.65
30,543.14 462.40
30,986.62 785.01
Total Revmles and oth!r htlitiais
$41,122,786.82 $14,685,373.n $ 51,524.39 $2,945,299.30 $34,238,158.36 $10,250,506.17
EXPEt{)IllRES NfJ Ol1-ER lm.CTIOO
Ecu::atiai and Gaieral Expenditures Rani ttances to the Board of Regents of the
Lhiversity Systan of Georgia Prior Year's Lhrestrict8l FU'ld Balarm Surplus
Adjustrre,ts
Prior Years' Revmles/lcaults Receivable
$41,091,781.28 $14,685,373.n $ s1,s1s.98 $2,945,299.30 $34,206,386.73 $10,2so,506.17
28,015.00
3,464.74
2,460.33
Tota1 Expenditures and oth!r Dedctiais $41,119,796.36 $14,685,373.n $ 54,9f!IJ.72 $2,945,299.30 $34,200,847.06 $10,2so,506.17
Net Increase/(Decrease) for the Year
$ 2,990.46$
0.00 $ -3,456.33 $
0.00 $ 29,311.30$
0.00
flH) BOLNCES .ll.Y 1, 1993
28,015.00
0.00 3,464.74
0.00
2,460.33
0.00
AKl BOLNCES .l.t 30, 1994
$ 31,005.54$
0.00 $
8.41 $
0.00 $ 31,nl.63 $
0.00
See notes to the financial statsreits.
- 50 -
SOElll.E ''8"
w.RitE INSTITUTE
w.RitE RESClRCES EXTENSIOO CEmR
VETERINAAY IEDICINE EXPERII-ENT STATIOO
VETERINAAY ~DICUE TEACHit. toSPITAL
TOTAL
LmESTRICTED RESTRICTED LmESTRICTED RESTRICTED LmESTRICTED RESTRICTED LmESTRICTED RESTRICTED LmESTRICTED RESTRICTED
$ 958,634.83
$1,680,590.42
$2,491,514.00
$ 116,449.98
$ 488,022.64
$
106,957.68
16,526.96
33,606.80
369,325.95
5,895.51
2,053.82
3,377.24 340.24
4,894.04 165.68
$3,513,583.98
0.00
$
7,150.42
$83,994,015.63
0.00
$14,300,600.59
4,659,652.50
544,761.80
350,353.67
4,302,160.55
4,860,435.65
79,005.28 1,753.33
$ 960,688.65 $ 626,340.41 $1,684,307.90 $ 510,445.11 $2,496,573.72 $
0.00 $3,520,734.40 $
0.00 $84,074,774.24 $29,017,964.76
$ 958,634.83 $ 626,340.41 $1,680,590.42 $ 510,445.11 $2,491,514.00 $
0.00 $3,456,753.12 $
0.00 $83,937,176.36 $29,017,964.76
100.00
482.77
2,989.18
39.10 4,061.79
37,551.20 4,061.79
$ 958,734.83 $ 626,340.41 $1,681,073.19 $ 510,445.11 $2,494,503.18 $
0.00 $3,460,854.01 $
0.00 $83,978,789.35 $29,017,964.76
$ 1,953.82$
0.00 $ 3,234.71 $
0.00 $ 2,070.54$
0.00 $ 59,880.39 $
0.00 $ 95,984.89 $
0.00
100.00
0.00
482.77
0.00 2,989.18
0.00 13,840.21
0.00 51,352.31
0.00
$ 2,053.82 $
0.00 $ 3,717.48$
0.00 $ 5,059.72$
0.00 $ 73,720.60$
0.00 $ 147,337.20$
0.00
- 51 -
LtHVERSITY CF GECRGIA
SOlllE CF OTlR CROOlIZEO ACTIVITIES
REVEM.ES, EXPENDITLRES AND OTI-ER DWaS
YEAR ENDED .ltlE 30. 1994
REVEM.ES
State ~ropriatia,s Feral ~ropriatiais Fora1 Grants and Caitracts State Grants and Cart:racts other States Grants and Cart:racts Local Grants and Cart:racts Private Gifts, Grants, and Cart:racts Sales and Services of Ecu:atiaial Activities other Sources
Tota1 Rellerues
EXPEN>ITI.RES
Ecu:atiaial and Gereral
Research
Pu:>1ic Service Acadmic ~ ~ratia, and Maintenan:e of Plant Scrolarships and FellCMShips
Tota1 Expenditures
OTlR TRPHSFERS NiJ AOOITI~/(IEl.CTIOO)
Prior Period Adjustnents (Net)
Ranittances to tl'e Board of Regents of tl'e Lhiversity Systan of Georgia
Prior Year's l.hrestricted Fin:! Balance Surplus
Tota1 other Transfers and Ad:li ti a,s/(Ced.ctia,s)
AGUW.TI.RAL EXPERI.aIT STATI~
ATlNS PW TIFTOO VETERINARY L.ABRATCRIES
CXXFERATIVE EXTENSI~ SERVICE
IMESTRICTED RESTRICTED IMESTRICTED RESTRICTED IMESTRICTED RESTRICTED
$32,590,329.00
$
4,443,282.04
723,501.24 $10,234,179.07
7,511.23 637,942.05
20,270.77 381,445.06
210,5.36.22 3,431,807.59 2,951,823.93
144,526.85
51,524.00
$25,960,155.00
7,466,006.92
13,418.98 $ 3,461,948.90
0.39 $2,902,538.90
1.27 995,686.91
2,701.91 129,709.94
350,353.67
42,760.40
452,371.10
602,278.67 4,860,435.65
161,823.98
$41,091,781.28 $14,685,373.77 $ 51,524.39 $2,945,299.30 $34,206,386.73 $10,250,506.17
$38,478,577.77 $14,680,528.77 $
216,431.99 2,396,771.52
4,845.00
$ 42,760.40 51,515.98 2,902,538.90 $33,668,599.19 $10,250,506.17
537,787.54
$41,091,781.28 $14,685,373.77 $ 51,515.98 $2,945,299.30 $34,206,386.73 $10,250,506.17
$ 31,005.54 -28,015.00
$ 2,990.46
$ -3,464.74 $ -3,464.74
$ 31,771.63 -2,460.33
$ 29,311.30
Net Increase/(Decrease) in Fin:! Balances $ 2,990.46 $
0.00 $ -3,456.33 $
0.00 $ 29,311.30$
0.00
See rotes to the financial sta1:ale1ts.
- 52 -
S01l.l.E ''9"
I-Mit INSTITUTE
I-MINE RESa.RCES EXTENSIOO CENTER
VETERIN.ARY f,E[)ICINE EXPERil,NT STATIOO
VETERIN.ARY f,E[)ICINE TEACHINi lllSPITAL
TOTAL
IMESlRICTED RESlRICTED LtEESlRICTED RESlRICTED LtEESlRICTED RESlRICTED LtEESlRICTED RESlRICTED LtEESlRICTED RESlRICTED
$ 877,831.00
$1,206,159.00
$2,491,514.00
28,916.63 $ 116,449.98 143,752.89 $ 488,022.64
$
5,694.09 106,957.68
16,526.96
6,094.33 33,606.80
0.22 369,325.95 27,539.44 12,559.12
320,878.53 9,800.00
5,895.51
$ 474,622.00
0.00
$
3,038,961.98
$63,652,134.00 11,909,288.96 0.00 909,589.74 $14,300,600.59
13,206.98 4,659,652.50 29,067.01 544,761.80
350,353.67 210,536.44 4,302,160.55 6,941,482.55 4,860,435.65 328,709.95
$ 958,634.83 $ 626,340.41 $1,680,590.42 $ 510,445.11 $2,491,514.00 $
0.00 $3,513,583.98$
0.00 $83,994,015.63 $29,017,964.76
$ 875,489.97$ 620,240.41$ 279,985.67$ 348,827.97 $2,491,514.00$ 1,300,823.33 161,617.14
83,144.86
6,100.00
91,781.42
0.00
$
$3,456,753.12
0.00 $42,125,567.41 $15,692,357.55 35,028,938.50 13,314,662.21 3,673,185.11 3,109,485.34 10,945.00
$ 958,634.83 $ 626,340.41 $1,680,590.42 $ 510,445.11 $2,491,514.00 $
0.00 $3,456,753.12 $
0.00 $83,937,176.36 $29,017,964.76
$ 2,053.82 -100.00
$ 1,953.82
$ 3,717.48 -482.77
$ 3,234.71
$ 5,059.72 -2,989.18
$ 2,070.54
$ 3,008.63 -39.10
$ 3,049.53
$ 76,696.82 -37,551.20
$ 39,145.62
$ 1,953.82$
0.00 $ 3,234.71 $
0.00 $ 2,070.54$
0.00 $ 59,880.39 $
0.00 $ 95,984.89$
0.00
- 53 -
UNIVERSITY OF GEORGIA CASH AND CASH EQUIVALENTS
JUNE 30, 1994
NONINTEREST BEARING ACCOUNTS
Calhoun First National Bank, Calhoun, Georgia
Citizens Bank of Americus, Plains, Georgia
Citizens Bank of Tifton, Tifton, Georgia
Farmers and Merchants Bank, Eatonton, Georgia
First Bulloch Bank and Trust Company, Statesboro, Georgia
First Federal Savings Bank of Brunswick, Brunswick, Georgia
First National Bank and Trust Company, Midville, Georgia
First Union National Bank of Georgia, Dalton, Georgia
NationsBank of Georgia, Savannah, Georgia
Trust Company Bank of Northeast Georgia, Athens, Georgia
Union County Bank, Blairsville, Georgia
Wachovia Bank of Georgia, Savannah, Georgia
INTEREST BEARING ACCOUNTS
Athens First Bank and Trust Company, Athens, Georgia
Certificate of Deposit (3.85%)
First Union National Bank of Georgia, Atlanta, Georgia
Certificate of Deposit (3.34%)
First Union National Bank of Georgia, Griffin, Georgia
N.O.W. Account (2.03%)
Liberty Federal Savings Bank, Macon, Georgia
Certificate of Deposit (3.80%)
See notes to the financial statements.
- 54 -
SCHEDULE "10" Page 1
$ 1,000.00 500.00
2,000.00 600.00 600.00 100.00
1,000.00 1,000.00 1,000.00 20,596.10
500.00 2,000.00 $ 30,896.10
-------------
$ 12,000.00 30,018.38 2,500.00 11,273.41
UNIVERSITY OF GEORGIA CASH AND CASH EQUIVALENTS
JUNE 30 1 1994
SCHEDULE "10" Page 2
INTEREST BEARING ACCOUNTS
NationsBank of Georgia, Athens, Georgia
N.O.W. Account (4.19%)
NationsBank of Georgia, Tifton, Georgi a
N.O.W. Account (1.95%)
State of Georgia - Office of Treasury and Fiscal Services State Investment Pool Loca1 Government Investment Pool (4 .194%)
Trust Company Bank of Northeast Georgia, Athens, Georgia
N.O.W. Account (4.13%)
OTHER
Cash on Hand Petty Cash
Vendor Deposits
Law Library
U. S. Government Printing Office
$
Main Library
Various Deposits
Register of Copyrights
Library of Congress
$ 2,778,326.16 2,500.00
59,141,321.94 4,289,163.87 $66,267,103.76
$1,819,140.53
2,000.00 8,450.00
364.00
10,814.00 1,829,954.53
$68,127,954.39
=============
See notes to the financial statements.
- 55 -
UNIVERSITY OF GEORGIA INVESTMENTS
JUNE 30. 1994
SCHEDULE "11"
Bonds American Telephone and Telegraph Company Bond No. Rll4-424 Bond No. Rl08-670
$1,000,000.00 1,000,000.00$ 2,000,000.00
State of Louisiana General Obligation Bond, Series 1987-B Bond No. R-29718
15,760.50$ 2,015,760.50
Building City of Athens, Georgia
15,158.75
Common Stock 4396 Shares Amsouth Bancorporation
.5 Shares Blanchard and Booth Company 150 Shares Borden, Incorporated 10.5 Shares Brascan, Limited 117 Shares Dean Witter, Discover and Company
375 Shares Dow Chemical Company, The 150 Shares FPL Group, Incorporated
500 Shares General Electric Company 616 Shares General Motors Corporation
28 Shares, Class H General Motors Corporation 5 Shares Land Company of Florida, The
480 Shares May Department Stores Company, The 96 Shares Perkins Hosiery Mills
200 Shares Pittsburg Consolidated Placer Gold Mining Company
300 Shares Sears, Roebuck and Company 31 Shares Venture Stores, Incorporated
$ 12,559.69 1.00
4,443.75 104.37 970.86
19,031.25 5,418.75
17,437.50 9,639.46
228.44 1.00
1,961.85 1.00
1.00 1,054.14
47.21
72,901.27
Investment Accounts
Merrill Lynch, Pierce, Fenner and Smith, Incorporated, Atlanta, Georgia
Investment Portfolio Account Bank Certificate of Deposit Common Stock Corporate Bonds U. S. Government Securities
$ 100,469.28 3,395.14
523,694.85 1,115,422.31
1,742,981.58
Trust Company Bank, Atlanta, Georgia
Investment Portfolio Account Cash Common Stock Corporate Bonds
Mutual Funds U. S. Government Securities
$
0.48
3,331,486.88
2,839,974.88
785,026.00
3,312,015.64
10,268,503.88
Wachovia Bank of Georgia,
Atlanta, Georgia Investment Portfolio Account (One-Third Share of Gilbert Trust Fund) Common Stock
Money Market Funds U. S. Government Securities
$ 450,195.20
58,610.00 331,632.81
840,438.01
Land 0.418 Acres, Clarke County, Georgia
157.650 Acres, Jackson County, Georgia
$ 65,407.38 175,062.00
240,469.38
Loans to the University of Georgia for Buildings
Delta Phi Epsilon Pi Kappa Alpha University Bookstore
$ 33,152.56 20,541.38 154,174.37
207,868.31
See notes to the financial statements.
- 57 -
$15,404,081.68
=============
UNIVERSITY OF GEORGIA ACCOUNTS RECEIVABLE
JUNE 30. 1994
State Appropriations Allotment from the Board of Regents of the University System of Georgia
Federal Appropriations U. S. Department of Agriculture
Federal Grants and Contracts Research, Instruction and Student Aid Plant Additions
State Grants and Contracts Research, Instruction and Student Aid Plant Additions
Other States Grants and Contracts Research, Instruction and Student Aid
Local Grants and Contracts Research, Instruction and Student Aid
Private Gifts, Grants, and Contracts Research, Instruction and Student Aid Plant Additions
Endowment Income Research, Instruction and Student Aid
Other Agency Fund Overpayments F. I.C.A. Federal Income Tax Business Services Computer Center Creamery Georgia State Financing and Investment Commission Human Resources, Georgia Department of River's Crossing Mental Retardation Center Insurance Claims Administrative Services, Georgia Department of Joint Staffing Agreements Armstrong State College Physical Plant Printing Department Retired Employees' Health and Life Insurance Returned Checks Student Accounts Student Notes Vendor Credit Memos Veterinary Clinic Other
CURRENT FUNDS UNRESTRICTED RESTRICTED
$23,391,978.00
1,108,027.85
$ 7,202,714.58
3,105,593.48
499,643.63
202,565.82 3,917,141.64
32,360.66
11,718.49 5,702.96
450.01
88,243.04 358,635.88
20,879.83 135,375.43 42,878.75 206,102.74 64,936.47 572,830.08 28,734.85 285,211.95 59,903.04
$26,381,609.37 $14,960,019.81
============= =============
See notes to the financial statements.
- 58 -
SCHEDULE "12"
PLANT FUNDS
----------------------------
LOAN
RENEWALS AND
FUNDS
-------------
UNEXPENDED
-------------
REPLACEMENTS
-------------
AGENCY FUNDS
-------------
TOTAL
-------------
$ 16,800.00 34,995.44
769,262.98
$23,391,978.00
1,108,027.85
7,202,714.58 16,800.00
3,105,593.48 34,995.44
499,643.63
202,565.82
3,917,141.64 769,262.98
32,360.66
$ 62,047.03 68,176.54
311,366.26 $ 396,979.86
62,047.03
68,176.54 11,718.49 5,702.96
450.01
708,346.12
88,243.04
358,635.88
$10,958,462.76
-------------
302.37 2,500.00
-------------
-------------
-------------
20,879.83 135,375.43 42,878.75 206,102.74 64,936.47
572,830.08 10,958,462.76
29,037.22 285,211.95 62,403.04
-------------
$10,958,462.76$ 1,135,227.05$ 396,979.86$ 130,223.57 $53,962,522.42
============= ============= ============= ============= =============
- 59 -
UNIVERSITY OF GEORGIA CHANGES IN INVESTMENT IN PLANT
YEAR ENDED JUNE 30, 1994
Land Buildings Improvements Other Than Buildings Equipment Library Books and Collections
SUMMARY OF INVESTMENT University Capital Leases University of Georgia Loan and Endowment Funds
CURRENT FUNDS BALANCE JULY 1, 1993 UNRESTRICTED RESTRICTED
$ 10,054,213.12
329,313,999.78$ 885,029.17
21,047,503.78
86,585.00
200,229,765.21 21,383,291.32$ 5,513,830.03
85,492,589.82 6,189,423.22
26,966.71
$646,138,071.71 $28,544,328.71 $ 5,540,796.74
$640,258,147.84 $28,544,328.71 $ 5,540,796.74 5,617,847.01 262,076.86
$646,138,071.71 $28,544,328.71 $ 5,540,796.74
============== ============= =============
See notes to the financial statements.
- 60 -
SCHEDULE "13"
ADDITIONS
---------------------------------------------------------------------------
PLANT FUNDS
GEORGIA STATE
FINANCING AND
RENEWALS AND INVESTMENT
CAPITAL
PRIVATE
UNEXPENDED REPLACEMENTS COMMISSION
LEASES
GIFTS
DEDUCTIONS
DISPOSALS/ DELETIONS/ ADJUSTMENTS
BALANCE JUNE 30, 1994
$ 485,772.25 6,051,733.09 $ 156,971.10 1,152,594.71
479,740.46 $22,245,474.06
166,523.67 1,022,519.39
874,974.94
$2,006,827.85$
$
156.19 $10,539,829.18
499,928.65 358,476,047.91
53,614.78 22,426,488.16
565,884.09 9,030,955.08 222,696,213.07
91,708,979.75
$7,847,071.15$ 1,521,239.07 $23,267,993.45$ 2,006,827.85$ 565,884.09 $9,584,654.70 $705,847,558.07
============= ============= ============= ============= ============= ============ ==============
$7,847,071.15$ 1,521,239.07 $23,267,993.45
$ 565,884.09 $6,441,221.85 $701,104,239.20
$ 2,006,827.85
3,089,224.30 4,535,450.56
54,208.55
207,868.31
$7,847,071.15$ 1,521,239.07 $23,267,993.45$ 2,006,827.85$ 565,884.09 $9,584,654.70 $705,847,558.07
============= ============= ============= ============= ============= ============ ==============
- 61 -
UNIVERSITY OF GEORGIA SCHEDULE OF FUND BALANCES CURRENT FUNDS AND PLANT FUNDS
JUNE 30, 1994
RESIDENT INSTRUCTION
LOTTERY FOR EDUCATION
CURRENT FUNDS
UNRESTRICTED
OTHER ORGANIZED ACTIVITIES
AUXILIARY ENTERPRISES
STUDENT ACTIVITIES
NET INVESTMENT IN PLANT
Investment in Plant Facilities
RESTRICTED
Designated for Subsequent Years' Expenditures
UNRESTRICTED
Designated
For Equipment, Technology and Construction Trust Fund
$ 213,755.21
For Inventory Reserve
$1,457,000.00
For Renewals and Replacements Reserve
For Subsequent Years' Expenditures
For Uncollectible Accounts
335.00
$
Undesignated
Surplus
Regular
176,642.84
Lottery for Education
7,612.14
$ 5,518,062.20
16,964,785.87$ 915,081.06
73,603.77
9,640.92
73,733.43
$1,633,977.84$ 221,367.35$ 147,337.20 $22,492,488.99 $ 915,081.06
$ 1,633,977 .84 $ 221,367.35 $ 147,337.20 $22,492,488.99 $ 915,081.06
========a.::~ ============ ============== ============ ===========
See notes to the financial statements.
- 62 -
SCHEDULE "14"
RESTRICTED
PLANT FUNDS
UNEXPENDED
REGULAR
LOTTERY FOR RENEWALS AND EDUCATION REPLACEMENTS
INVESTMENT IN PLANT
TOTAL
$701,104,239.20 $701,104,239.20
$19,268,504.38 $15,453,425.32
$ 34,721,929.70
$ 368,595.59
$ 7,258,264.39
$ 213,755.21 6,975,062.20 7,258,264.39 18,248,462.52 83,579.69
970.53 $
$ 369,566.12 $
1.20 1.20 $ 7,258,264.39
251,346.80 7,613.34
$ 33,038,084.15
$19,268,504.38 $15,822,991.44 $
1.20 $ 7,258,264.39 $701,104,239.20 $768,864,253.05
======== ============ =====:-=-=== =========== ============= ==========
- 63 -
UNIVERSITY OF GEORGIA SCHEDULE OF REVENUES
CURRENT FUNDS YEAR ENDED JUNE 30, 1994
RESIDENT INSTRUCTION
LOTTERY FOR EDUCATION
UNRESTRICTED
OTHER ORGANIZED ACTIVITIES
AUXILIARY ENTERPRISES
State Appropriations Allotments from the Board of Regents of the University System of Georgia Regular Special Funding Initiative Office of Minority Business Enterprise Forestry Research Research Consortium Lottery Proceeds Agricultural Research
$213,492,933.00
$
1,187,509.00
336,138.00 313,687.00 1,028,250.00
$4,068,414.00
62,927,025.00 725,109.00
$216,358,517.00$ 4,068,414.00$ 63,652,134.00
Other Revenues Retained Tuition and Fees Matriculation Other
Federal Appropriations U. S. Department of Agriculture Hatch Act Morrill Nelson Act Smith-Lever Act
Federal Grants and Contracts Research and Instruction Student Aid Contract Overhead
State Grants and Contracts Research and Instruction Student Aid Contract Overhead
Other States Grants and Contracts Research and Instruction Student Aid Contract Overhead
Local Grants and Contracts Research and Instruction Student Aid Contract Overhead
Private Gifts, Grants, and Contracts Research and Instruction Student Aid Contract Overhead
See notes to the financial statements.
$ 69,923,500.78 6,465,860.65
35,500.00
7,247,150.85 29,900.00
459,051.59
131,441.50
11,808.32 288,881.85 870,942.85
- 64 -
$ 8,545,180.76 $ 4,443,282.04
7,466,006.92 909,589.74 13,206.98 29,067.01
210,536.44
SCHEDULE "15" Page 1
STUDENT ACTIVITIES
TOTAL
RESIDENT INSTRUCTION
RESTRICTED
OTHER ORGANIZED ACTIVITIES
TOTAL
TOTAL
$276,419,958.00 1,187,509.00
336,138.00 313,687.00 1,028,250.00 4,068,414.00 725,109.00
$284,079,065.00
$276,419,958.00 1,187,509.00
336,138.00 313,687.00 1,028,250.00 4,068,414.00 725,109.00
$284,079,065.00
$ 69,923,500.78 $ 2,334,662.05 17,345,703.46
$ 69,923,500.78 17,345,703.46
4,443,282.04 35,500.00
7,466,006.92
4,443,282.04 35,500.00
7,466,006.92
$42,446,000.91 $ 14,298,990.59 $ 56,744,991.50
6,877,717.20
1,610.00 6,879,327.20
8,156,740.59
56,744,991.50 6,879,327.20 8,156,740.59
29,900.00 472,258.57
9,634,467.99 2,318,142.94
4,659,652.50
14,294,120.49 2,318,142.94
14,324,020.49 2,318,142.94
472,258.57
160,508.51
742,029.59 2,575.75
544,761.80
1,286,791.39 2,575.75
1,286,791.39 2,575.75
160,508.51
1,396,895.22 11,808.32
350,353.67
1,747,248.89
1,747,248.89 11,808.32
288,881.85 19,902,306.00 3,540,791.91
1,081,479.29
4,292,825.55 9,335.00
24,195,131.55 3,550,126.91
24,484,013.40 3,550,126.91 1,081,479.29
- 65 -
UNIVERSITY OF GEORGIA SCHEDULE OF REVENUES
CURRENT FUNDS YEAR ENDED JUNE 30, 1994
RESIDENT INSTRUCTION
LOTTERY FOR EDUCATION
UNRESTRICTED
OTHER ORGANIZED ACTIVITIES
AUXILIARY ENTERPRISES
Other Revenues Retained Endowment Income Research and Instruction Student Aid Contract Overhead
$ 88,893.66
Sales and Services of Educational ActivHies
11,977,638.15
Sales and Services of Auxiliary .Enterprises
Other Sources Administrative Cost Allowances Campus Transit and Parking Cash Over-Short Indirect Funding - Telecommunications Georgia Department of Administrative Services Interest Earned Library Fines Media Production Recovery of Investment in Fraternity House Rents Returned Check Fees
Sale of Timber Student Activities Sales and Fees
Student Related Activities Transcripts
University of Georgia Athletic Association, Incorporated (In Lieu of State Appropriations)
Vending Commissions Veterans Administration - Reporting
Fees Other
17,680.00 116.09
1,027,300.00 100,995.52 23,605.92
52,247.56 25,920.43
114,659.43
477,917.00
2,182.00 17,594.49
$ 6,941,482.55 $29,297,266.63
4,487,456.21
232,400.00
983,338.85
69,768.07 26,378.98
6,560.00 664,985.17
654,472.87 162.90
$99,390,788.64
$ 20,341,881.63 $44,639,260.49
$315,749,305.64 $4,068,414.00$ 83,994,015.63 $44,639,260.49
============== ============= =============== =============
See notes to the financial statements.
- 66 -
SCHEDULE "15" Page 2
STUDENT ACTIVITIES
TOTAL
RESIDENT INSTRUCTION
RESTRICTED
OTHER ORGANIZED ACTIVITIES
TOTAL
TOTAL
$ 646,840.72
625,125.87
$
88,893.66
$ 646,840.72$ 646,840.72
625,125.87
625,125.87
88,893.66
18,919,120.70
$ 4,860,435.65 4,860,435.65 23,779,556.35
29,297,266.63
29,297,266.63
17,680.00 4,487,456.21
116.09
17,680.00 4,487,456.21
116. 09
$ 75,481.78 465,814.88
1,259,700.00 1,058,820.63
100,995.52 23,605.92
6,560.00 122,015.63
25,920.43 26,378.98 465,814.88 664,985.17 114,659.43
1,259,700.00 1,058,820.63
100,995.52 23,605.92
6,560.00 122,015.63
25,920.43 26,378.98 465,814.88 664,985.17 114,659.43
477,917.00 654,472.87
2,182.00 17,757.39
477,917.00 654,472.87
2,182.00 17,757.39
$ 2,875,958.71 $167,247,889.47 $88,132,894.10$ 29,017,964.76 $117,150,858.86 $284,398,748.33
$ 2,875,958.71 $451,326,954.47 $88,132,894.10$ 29,017,964.76 $117,150,858.86 $568,477,813.33
============= ============== ============= =======---==-== ===-========== ==============
- 67 -
LNIVERSITY CF GECRGIA
S01ll.E CF REVENlES OTIR IRGANIZED ACTIVITIES YEAR EN!l:D .J.1 30, 1994
/6UCU..TI.RA!. EXPERilNT STATICW
IMESlRICTED RESlRICTED
ATlNS NfJ TIFTOO VETERINARY I.ABJlATIRIES
CXXPERATIVE EXTENSICW SERVICE
IMESlRICTED RESlRICTED IMESlRICTED RESlRICTED
State ~rcpriatia,s
Allotnaits fran tte eoard of Regents of tte l.niversity Systan of Georgia
Re!J,tlar
lgricultural Research
$32,590,329.00
$ 51,524.00
$25,960,155.00
$32,590,329.00
$ 51,524.00
$25,960,155.00
Federal ~atia,s U. S. Departnart; of lgriculture Hatch Act Sml th-Lever Act
Federal Grants and Caltracts Research and Instru:::tia1 Stooent Aid CCl'ltract INerhead
State Grants and C.tntracts Research and Instru:::tia1
CCl'ltract Overhead
Other States Grants and CCl'ltracts Research and Instru:::tioo C.tntract INerhead
Lcca1 Grants and Caltracts Research and Instru:::tioo
Private Gifts, Grants, and Caltracts Research and Instru:::tioo Stooent Aid
Caltract Overhead
Sales and Services of Ecu:atiooal Activities
Otter Sa.trees Indirect Fin:ling - Telecamulicatia,s Georgia Departnart: of Adninistratiw Services Rents Sale of Tinter Other
$ 4,443,282.04
$10,233,069.07 1,110.00
723,501.24
637,942.05
7,511.23
$
381,445.06 20,210.n
3,428,072.59 3,735.00
210,536.22 2,951,823.93
95,900.00 48,463.95
162.90
$ 7,466,006.92
$ 3,461,948.90 13,418.98
$2,902,538.90 0.39
995,686.91 1.27
129,709.94 2,701.91
350,353.67
42,760.40
452,371.10
602,278.67 4,860,435.65
126,700.00 8,745.00 26,378.98
s a,so1,452.28 $14,685,373.n s
0.39 $2,945,299.30$ 8,246,231.73 $10,250,506.17
$41,091,781.28 $14,685,373.n s 51,524.39 $2,945,299.30 $34,206,386.73 s10,2so,506.17
See notes to tte financial statele1ts.
- 68 -
SOIX1.E "16"
MDRit INSTITUTE
MDRit RESClRCES EXTENSIOO CENTER
VETERINMY f,(l)ICit EXPERMNT STATIOO
VETERINMY f,(l)ICit IDCHINi tllSP ITPJ..
TOTPJ..
lt,RESlRICTED RESlRICTED lt,RESlRICTED RESlRICTED IMESlRICTED RESlRICTED IMESlRICTED RESlRICTED IMESlRICTED RESlRICTED
$ 877,831.00 $ an,831.00
$1,206,159.00 $1,206,159.00
$1,766,405.00 725,109.00
$2,491,514.00
$ 474,622.00 $ 474,622.00
$62,927,025.00 725,109.00
$6.3, 652, 134. 00
$115,949.98
$ 488,022.64
500.00
$ 28,916.63
$ 143,752.89
$
106,957.68 5,694.09
16,526.96
33,606.80 6,094.33
363,725.95 5,600.00
0.22
27,539.44
320,878.53
5,895.51
$ 0.00
0.00
$
$3,038,961.98
$ 4,443,282.04 7,466,006.92
0.00
$14,298,990.59
1,610.00
909,589.74
4,659,652.50 13,206.98
544,761.80 29,067.01
350,353.67
4,292,825.55 9,335.00
210,536.44
6,941,482.55 4,860,435.65
12,559.12
9,800.00
$ 80,803.83 $ 626,340.41 $ 474,431.42$ 510,445.11$
0.00 $
0.00 $3,038,961.98 $
232,400.00 fB,768.07 26,378.98
162.90
0.00 $20,341,881.63 $29,017,964.76
$ 958,634.83 $ 626,340.41 $1,680,590.42 $ 510,445.11 $2,491,514.00 $
0.00 $3,513,583.98$
0.00 $83,994,015.63 $29,017,964.76
- fB -
UNIVERSITY OF GEORGIA SCHEDULE OF EXPENDITURES BY OBJECT
CURRENT FUNDS YEAR ENDED JUNE 30, 1994
PERSONAL SERVICES Salaries and Wages Employer's Contributions for: F.I.C.A. Group Insurance Retirement Liability Insurance Unemployment Compensation Insurance Workers' Compensation Insurance
OPERATING EXPENSES Travel Motor Vehicle Expenses Supplies and Materials Repairs and Maintenance Utilities Rents (Other than Real Estate) Insurance and Bonding Tuition and Scholarships College Work-Study Program Scholarships, Fellowships, Prizes, Awards and Other Other Operating Expenses Publications and Printing Equipment Purchases Non-Inventory Computer Charges Software Real Estate Rentals Telecommunications Per Diem, Fees and Contracts Per Diem and Fees Contracts Equipment Purchases Motor Vehicle Purchases Lease/Purchase of Equipment Inventory
QI.tlIB
SPECIAL FUNDING INITIATIVE Personal Services Salaries and Wages Other Costs Equipment Purchases Lease/Purchase of Equipment Inventory
OFFICE OF MINORITY BUSINESS ENTERPRISE Personal Services Salaries and Wages Employer's Contributions for:
F. I .C.A.
Group Insurance Retirement
See notes to the financial statements.
RESIDENT INSTRUCTION
$182,448,709.17
11,595,571.44 18,256,688.72 18,422,876.86 1,172,615.00
242,760.00 3.365,910.00
$235,505.131.19
$ 2,841,020.41 239,497.67
13,796,714.50 2,959,523.16 12,348,284.41
308,627.99 451,195.50
142,822.66
12,270,238.00 3,614,136.22 1,481,401.06
2,112,432.87 161,952.62
1,074,468.34 489,439.19
2,184,333.35
2,302,642.22 2,250,570.21
570,384.15 1,791,077.91 17,171,340.34
$ 80,562,102.78
$
24,999.96
562,456.49 600,000.00
$ 1.187 ,456.45
$ 219,126.59
13,566.48 13,356.34 18,311.63
$ 264,361.04
- 70 -
LOTTERY FOR EDUCATION
UNRESTRICTED
OTHER
ORGANIZED
AUXILIARY
ACTIVITIES
ENTERPRISES
$ 49,918,664.93 $18,713,477.02
2,908,363.16 848,508.79 6,988,937.94 1,471,423.16 6,579,466.71 1,303,288.92
$ 66,395.432.74 $22,336,697.89
$ 1,345,956.09 $ 108,297.51
248,569.56
14,362.02
5,481,337.87 3,023,118.22
1,268,293.51 1,171,050.50
1,802,655.96 2,534,389.56
102,338.87
27,808.29
212,841.30
98,526.12
2,490.00
337.00
880,340.00 756,172.00 962,627.60 523,984.80 1,205,393.40
359,858.90 21,381.69 115,449.11
17,692.60 1,016,019.23
143,997.76
5,169.26 27,387.11
55,826.67 1,193,472.39
241,874.89 57,970.31
278,041.49 291,761.71
405,489.76 210,361.83 2,625,896.34
$ 16,816,634.62 $12,021,906.61
SCHEDULE "17" Page 1
STUDENT ACTIVITIES
TOTAL
RESIDENT INSTRUCTION
RESTRICTED
OTHER ORGANIZED ACTIVITIES
TOTAL
TOTAL
$ 210,898.10 $251,291,749.22 $38,842,484.08$ 14,206,864.36$ 53,049,348.44 $304,341,097.66
183.60
15,352,626.99 26,717,049.82
26,305,632.49 1,172,615.00
242,760.00 3,365,910.00
2,097,787.42 2,585,167.17 3,226,323.48
676,697.81 1,194,735.39
987,469.94
2,774,485.23 3,779,902.56 4,213,793.42
18,127,112.22 30,496,952.38
30,519,425.91 1,172,615.00 242,760.00 3,365,910.00
$ 211,081.70 $324,448,343.52 $46,751,762.15$ 17,065,767.50 $ 63,817,529.65 $388,265,873.17
$ 11,986.61 $ 4,307,260.62 $ 2,500,708.19 $ 1,015,871.47 $ 3,516,579.66 $ 7,823,840.28
30,239.88
532,669.13 109,017.19
110,161.75
219,178.94
751,848.07
362,161.46 22,663,332.05 7,045,293.66 3,841,150.67 10,886,444.33 33,549,776.38
30,142.86 5,429,010.03 1,052,992.35
464,309.53 1,517,301.88 6,946,311.91
170.72 16,685,500.65 186,750.14
424,803.26
611,553.40 17,297,054.05
184,694.66
623,469.81
296,518.86
125,485.36
422,004.22 1,045,474.03
1,392.00
763,954.92
19,020.02
104,085.67
123,105.69
887,060.61
145,649.66 456,972.27
456,972.27
602,621.93
276,837.50 13,427,415.50 13,364,353.67
45,473.34 5,378,409.16 2,124,623.66
129,173.35 3,339,952.61
480,505.05
10,945.00 13,375,298.67 26,802,714.17
436,459.33 2,561,082.99 7,939,492.15
159,133.97
639,639.02 3,979,591.63
11,962.24
2,382.20 1,600.00 24,767.50
2,628,251.77 188,503.57
1,219,686.76 564,558.46
4,418,592.47
547,854.49 11,634.59
254,840.46
485,416.99 450,666.43
198,724.97 1,767.59 44,485.00
24,047.65 185,475.22
746,579.46 13,402.18
299,325.46 509,464.64 636,141.65
3,374,831.23
201,905.75 1,519,012.22 1,074,023.10 5,054,734.12
364,214.00 3,186,772.60 2,427,079.90 37,657.65 2,637,959.88 5,161,496.18
500,795.43 2,927,875.33 6,114,647.93 3,169,086.50 8,330,582.68 10,968,542.56
975,873.91
29,779.70
2,381.04 2,003,820.78
62,451.51
20,390.75 19,817,627.43 4,313,156.64
78,615.08 30,143.91 1,026,649.90
108,394.78 1,084,268.69 92,595.42 2,096,416.20 5,339,806.54 25,157,433.97
$ 1,537,627.76 $110,938,271.77 $41,381,131.95$ 11,952,197.26 $ 53,333,329.21 $164,271,600.98
$ 24,999.96
562,456.49 600,000.00 $ 1,187,456.45
$ 219,126.59 13,566.48 13,356.34 18,311.63
$ 264,361.04
- 71 -
$ 24,999.96
562,456.49 600,000.00 $ 1,187,456.45
$ 219,126.59 13,566.48 13,356.34 18,311.63
$ 264,361.04
UNIVERSITY OF GEORGIA SCHEDULE OF EXPENDITURES BY OBJECT
CURRENT FUNDS YEAR ENDED JUNE 30, 1994
~
OFFICE OF MINORITY BUSINESS ENTERPRISE Other Costs Travel Motor Vehicle Expense Supplies and Materials Repairs and Maintenance Utilities Rents (Other than Real Estate) Insurance and Bonding Other Expenses Publications and Printing Equipment Purchases Non-Inventory Software Telecommunications Per Diem, Fees and Contracts Per Diem and Fees Contracts
FORESTRY RESEARCH Personal Services Salaries and Wages
RESEARCH CONSORTIUM Personal Services Salaries and Wages Other Costs Travel Supplies and Materials Repairs and Maintenance Rents (Other than Real Estate) Insurance and Bonding Other Expenses Publications and Printing Equipment Purchases Non-Inventory Software Real Estate Rentals Telecommunications Per Diem, Fees and Contracts Per Diem and Fees Contracts Equipment Purchases Inventory
AGRICULTURAL RESEARCH Personal Services
Salaries and Wages Employer's Contributions for:
F. I .C.A. Group Insurance Retirement
RESIDENT INSTRUCTION
$
9,377.00
1,371.10
3,342.61
18.00
203.96
297.00
30.00
2,357.58
1,297.55
15.50 586.74 4,851.42
1,028.50 47,000.00
$ 336,138.00
$ 313,686.38
$ 280,264.04
12,409.99 150,537.40 59,637.81
3,301.98 12.00
13,113.70 32.00
14,249.79 16,892.22
145.69 11,639.35 42,369.48 213,200.00 210,444.55 $ 1,028,250.00
LOTTERY FOR EDUCATION
UNRESTRICTED
OTHER
ORGANIZED
AUXILIARY
ACTIVITIES
ENTERPRISES
$ 297,733.15 16,125.15 29,583.35 24,537.25
$ 367,978.90
See notes to the financial statements.
- 72 -
STUDENT ACTIVITIES
TOTAL
RESIDENT INSTRUCTION
RESTRICTED OTHER
ORGANIZED ACTIVITIES
TOTAL
SCHEDULE "17" Page 2 TOTAL
$
9,377.00
1,371.10
3,342.61
18.00
203.96
297.00
30.00
2,357.58
1,297.55
15.50 586.74
4,851.42
1,028.50 47,000.00
$ 336;138.00
$ 313,686.38
$ 280,264.04
12,409.99 150,537.40 59,637.81
3,301.98 12.00
13,113.70 32.00
14,249.79 16,892.22
145.69 11,639.35
42,369.48 213,200.00
210,444.55
$ 1,028,250.00
$ 297,733.15
16,125.15 29,583.35 24,537.25
$ 367,978.90
$
9,377.00
1,371.10
3,342.61
18.00
203.96
297.00
30.00
2,357.58
1,297.55
15.50 586.74
4,851.42
1,028.50 47,000.00
$ 336,138.00
$ 313,686.38
$ 280,264.04
12,409.99 150,537.40 59,637.81
3,301.98 12.00
13,113.70 32.00
14,249.79 16,892.22
145.69 11,639.35
42,369.48 213,200.00
210,444.55
$ 1,028,250.00
$ 297,733.15
16,125.15 29,583.35 24,537.25
$ 367,978.90
- 73 -
UNIVERSITY OF GEORGIA SCHEDULE OF EXPENDITURES BY OBJECT
CURRENT FUNDS YEAR ENDED JUNE 30. 1994
OTHER
AGRICULTURAL RESEARCH
Other Costs
Travel
Motor Vehicle Expenses
Supplies and Materials
Repairs and Maintenance
Utilities
.
Rents (Other than Real Estate)
Insurance and Bonding
Other Expenses
Publications and Printing
Equipment Purchases
Non-Inventory
Computer Charges
Software
Telecommunications
Per Diem, Fees and Contracts
Per Diem and Fees
Equipment Purchases
Inventory
EQUIPMENT, TECHNOLOGY AND CONSTRUCTION
TRUST FUND
.
Personal Services
Salaries and Wages
Employer's Contribution for:
F. I.C.A.
Other Costs Motor Vehicle Expense Supplies and Materials Repairs and Maintenance Other Expenses Publications and Printing Equipment Purchases Non-Inventory Software Telecommunications Per Diem, Fees and Contracts Per Diem and Fees Equipment Purchases Inventory
RESIDENT INSTRUCTION
LOTTERY FOR EDUCATION
UNRESTRICTED
OTHER
ORGANIZED
AUXILIARY
ACTIVITIES
ENTERPRISES
$
6,619.43
14,979.60
206,366.08
45,696.48
1,357.07
225.94
4,232.00
12,286.43
3,733.79
18,025.53 1,375.00 7,179.80 17,994.99
199.27
16,858.69
$____72._5..,,.._1_0_9__._.o...o..
$ 3,131.65
45.42
$ 3,177.07
7.50 68,659.31 196,754.89 5,713.66
16.00
79,347.84 23,915.89 46,830.09
36,991.71
3,385,632.69
$ 3,847,046.65
$ 2,865,530.83 $ 3,847,046.65 $
725,109.00
$318.932,764.80 $3,847,046.65$ 83,937,176.36 $34,358,604.50
See notes to the financial statements.
- 74 -
STUDENT ACTIVITIES
TOTAL
RESIDENT INSTRUCT ION
RESTRICTED
OTHER
ORGANIZED ACTIVITIES
TOTAL
SCHEDULE "17"
Page 3
TOTAL
$
6,619.43
14,979.60
206,366.08
45,696.48
1,357.07
225.94
4,232.00
12,286.43
3,733.79
18,025.53 1,375.00 7,179.80 17,994.99
199.27
16,858.69
$ 725,109.00
$
6,619.43
14,979.60
206,366.08
45,696.48
1,357.07
225.94
4,232.00
12,286.43
3,733.79
18,025.53 1,375.00
7,179.80 17,994.99
199.27
16,858.69
$ 725,109.00
$
3,131.65
45.42
$
3,177.07
7.50 68,659.31 196,754.89 5,713.66
16.00
79,347.84 23,915.89
46,830.09
36,991.71
3,385,632.69
$ 3,847,046.65
$ 7,437,686.48
$
3,131.65
45.42
$
3,177.07
7.50 68,659.31 196,754.89 5,713.66
16.00
79,347.84 23,915.89
46,830.09
36,991.71
3,385,632.69
$ 3,847,046.65
$ 7,437,686.48
$ 1.748.709.46 $442,824.301.77 $88,132.894.10 $ 29.017.964.76 $117.150,858.86 $559.975.160.63
- 75 -
UNIVERSITY OF GEORGIA SCHEDULE OF EXPENDITURES BY OBJECT
PLANT FUNDS YEAR ENDED JUNE 30 1 1994
SCHEDULE "18"
CAPITAL OUTLAY
Personal Services Salaries and Wages E~loyer's Contribution for: F.I.C.A.
Motor Vehicle Expenses Supplies and Materials Repairs and Maintenance Other Expenses Publications and Printing Equipment Purchases
Non-Inventory Software Real Estate Rentals TelecC1111L1nications Per Diem, Fees and Contracts
Per Diem and Fees Contracts Equipment Purchases Motor Vehicle Purchases Inventory
OTHER
DISTANT LEARNING - SATELLITE DISHES Other Costs Equipment Purchases Inventory
REGULAR
UNEXPENDED
LOTTERY FOR EDUCATION
OTHER ORGANIZED ACTIVITIES
RENEWALS AND REPLACEMENTS
AUXILIARY
TOTAL
$ 5,025.24
72.82 700.00 161,150.60 982,084.17
573.00
131,417.62 17,545.00 83,672.25 2,080.30
1,327,997.09 4,047,260.71
813,928.86 319,167.05
$ 7,892,674.71
$ 5,025.24
72.82
700.00
$
744.00 $ 112,133.69 274,028.29
73,500.00 468,562.58 1,524,146.75
99.63
99.63
16.00
16.00
605.00
98,973.84 940.00
300.00
230,391.46 18,485.00 83,672.25 2,380.30
25,000.00
86,118.74 1,414,115.83 4,072,260.71
61,982.53 875,911.39 812,992.41 1,132,159.46
------------- ------------- -------------
$ 99,260.00$ 1,642,119.42$ 9,634,054.13
------------- ------------- -------------
$ 19,498.80
$ 19,498.80
$ 7,892,674.71 $ 19,498.80$ 99,260.00$ 1,642,119.42 $ 9,653,552.93
========== =========== ============ ========= =====~-.:==
See notes to the financial statements.
- 77 -
LtUVERSITY CF lxlRGIA SCllllE CF EXPENDITlRES BY OOJECT
OTl;ER CRGt\NIZEO ACTIVITIES YEAR ENIE> J..t 30. 1994
PERSCJW. SERVICES
Salaries ard Wages fnployer's Cart:ribJtiCllS for:
F.I.C.A. Grcq, Insurance Reti 1"9IB'rt:
<FERATir; EXPENSES
Travel
ltJtor Vehicle Expenses
~lies ard Materials Repairs ard Maintenance Utilities Rents (Other than Real Estate) Insurance ard Bondirg Tuitia, ard SctDlarships
College labric-Stiny Prcgran
SctDlarships, Fell!MShips, Prizes, llerds ard Other
Otter ~ratirg Expenses PUJlicatiCllS ard Printirg
~ip!Blt Purcteses
tm-Il'Mlltory
~rOiarges
Software
Real Estate Rentals
Telecamu,icatiCllS Per Dian, Fees ard Cart:racts
Per Dian ard Fees
Cart:racts
~ip!Blt Purchases
~ r Vehicle PurctBses lease/Purchase of ~ip!Blt Inventory
~ICl.l.TWL EXPERilNT STATIOO
ATlNS NfJ TI~ VETERINMY I.JSRATCRIES
CXXPERATIVE EXTENSIOO
SERVICE
I.MESTRICTED RESTRICTED I.MESTRICTED RESTRICTED I.MESTRICTED RESTRICTED
$24,360,212.72 $ 6,426,649.99 $ 42,049.96 $1,574,256.10 $21,887,628.99 $ 5,562,093.68
1,627,957.11 2,503,686.61 2,591,115.94
243,6.12.37 413,894.n 351,934.74
2,554.78 2,265.96 4,645.28
110,984.45 l,ll34,396.68 147,387.78 4,073,998.51 168,992.09 3,601,133.01
279,278.45 573,263.91 404,112.53
$31,a:12,972.38 $7,436,111.87$ 51,515.98 $2,001,620.42 $30,597,159.19$ 6,818,748.57
$ 446,124.02 $ 601,502.91 $ 204,005.80 50,6131.78
3,233,452.16 1,676,070.04 743,680.58 180,927.41
1,438,436.99 30,810.83 58,505.94 36,552.66 131,229.80 48,682.99
174,538.41 227,766.26
4,845.00 159,210.06 37,740.96
223,214.01 19,233.02 62,480.05 9,240.00 516,648.89
123,789.81 1,767.03 32,917.89 9,537.50 74,003.91
141,788.16 418,8n.as 25,452.55 3,101,007.02
341,758.76 91,183.91 1,920,0613.59
58,858.00 12,478.24 588,989.93
$10,000,800.90$ 7,249,261.90$
0.00 $ 31,535.31$ 2,714.17
347,831.95 64,337.38 59,500.72 59,761.87 6,6613.00
836,627.21 $ 366,404.92 5,747.32 56,755.80
725,199.97 1,716,915.98 201,795.92 127,988.58 213,157.67 314,858.n 33,117.64 20,170.83 22,171.00 48,733.68
2,490.00
166,195.32 4,614.10 4,809.20 1,959.00 21,212.20 2,6137 .09
12,907.00 156,926.57
274,598.94 274,274.95
78,225.39 2,148.65 42,534.34 3,942.60 300,293.90
29,989.00 23,950.01
31,817.00 48,993.53 458,152.50
110,478.75 101,849.65
65,006.02 0.56
8,372.61 14,510.15 89,831.55
66,553.40 45,981.29
6,850.00 17,665.67 252,829.39
0.00 $ 943,678.88$ 3,609,227.54$ 3,431,757.60
See notes to the financial staterents.
- 78 -
SOll.lE "19"
Page 1
1Rit INSTITUTE
1Rit RESllRCES
EXTENSIOO CENTER
VETERINMY .OICitE
EXPERIIENT STATIOO
VETERINMY .OICitE TE'ACHIMJ KlSPITAL
TOTAL
IMESTRICTED RESTRICTED IMESTRICTED RESTRICTED l.fflESTRICTED RESTRICTED l.fflESTRICTED RESTRICTED IMESTRICTED RESTRICTED
$ 459,254.05$ 324,714.60$ 850,206.90 $ 319,149.99 $1,156,701.98 $
32,039.32 55,413.39 47,954.23
23,974.10 32,779.67 35,262.37
60,403.64 95,058.74 91,093.75
18,828.44 27,409.26 27,168.21
74,365.92 102,826.64 123,934.02
0.00 $1,162,610.33$
76,643.71 155,688.09 119,590.48
0.00 $49,918,664.93 $14,206,864.36
2,9al,363.16 676,fB7.81 6,988,937.94 1,194,735.39 6,579,466.71 987,4fB.94
$ 594,660.99 $ 416,730.74 $1,096,763.03 $ 392,555.90 $1,457,828.56$
0.00 $1,514,532.61$
0.00 $66,395,432.74 $17,065,767.50
$ 14,016.06 $ 3,706.73$ 25,235.n $ 12,721.60 $ 3,110.35$
13,400.87
9,290.44
461.02
120,371.41 37,258.06 179,905.20 63,074.64 157,860.88
51,436.00 ES,9fB.90 55,165.48 1,006.26 14,949.18
67,681.25 19,624.94 83,380.05
3,052.00
780.70 9,000.00
2.40
20,963.00
14,432.00
281.50
4,335.78 3,285.40
6,100.00 452.36 362.26
2,234.99
451.43
949.50
729.50
17,334.98
427.56
9,942.47
524.73
6,000.00 22,098.19
13,516.00
15,454.13 27,904.01
3,9ES.44
122.84
6,710.28 14,567.00
26,587.41 4,668.51
7,092.10 4,510.00 73,253.34
506.00
30,067.65 12,142.36
63,427.53
25,524.36 2,987.60
7,535.63 0.02
1,517.20
258.65
154.00 2,470.00
61,fBB.88 29,764.n
0.00 $ 20,842.68$ 15,664.11
1,064,548.25 201,266.35
6,880.19 23,764.00
273,185.07 8,960.31
22,061.47
875.92
100,229.47
29,933.61 97.75
18,398.00 8,485.51 139,027.82
0.00 $1,345,956.09$ 1,015,871.47 248,SfB.S6 110,161.75
5,481,337.87 3,841,150.67 1,268,293.51 464,309.53 1,802,655.96 424,803.26
102,338.87 125,485.36 212,841.30 104,~.67
2,490.00
756,172.00 523,984.80
10,945.00 436,459.33 159,133.97
359,858.90 21,381.fB 115,449.11 17,692.60 1,016,019.23
198,724.97 1,767.59 44,485.00 24,047.65
185,475.22
241,874.ES 500,795.43 57,970.31 3,lfB ,006.50
405,4ES.76 78,615.00 210,361.83 30,143.91 2,625,896.34 1,026,649.90
$ 363,973.84 $ 209,609.67 $ 583,827.39 $ 117,889.21 $ 300,576.44 $
0.00 $1,942,220.51$
0.00 $16,816,634.62 $11,952,197.26
- 79 -
011-fR
GIW.ll.RAL RESEMOi Perscnal Services Salaries and Wages E'nployer's Cart:ributiais for: F.I.C.A. 6ra4) Insurance Reti l"BIB'lt
Other <:csts Trawl tbtor Vehicle Expenses ~lies and Materials Repairs and Main1:a'lance Utilities Rents (Other th1n Real Estate) Insurance and Bcnnng Other Expenses Plblicatiais and Printing
EcJ.ii plBl1: Purchases
Noo-Inwntory Ccnputer Oiarges Software Telecamuiicatia,s Per Dian, Fees and Cart:racts
Per Dian and Fees
E"-'iPIBlf: Purchases Inventory
LtHVERSITY CY= GEIRGIA S01Xl.E CY= EXPENDITlRES BY OOJECT
011-fR CR~IZED ACTIVITIES YEM ErD .u 30, 1994
/GUW.ll.RAL EXPER1'NT STATI~
ATtNS NfJ TI~ VETERINMY LAaRATCRIES
CXXFERATIVE OOENSI~ SERVICE
LfflESTRICTED RESTRICTED LfflESTRICTED RESTRICTED LfflESTRICTED RESTRICTED
$41,091,781.28 $14,685,373.n $ s1,s1s.98 $2,945,299.30 $34,206,386.73 $10,2so,506.17
See notes to the financial statsle1ts.
- 80 -
SOll1.E "19'' Page 2
MGRitE INSTITUTE
MGRit RESCl.RCES
EXTENSI~ CENTER
VETERitUIRY J,01Clt EXPERilNT STATI~
VETERitUIRY f,0ICit TOOiltll tDSPIT/>J..
TOT/>J..
~lRICTED RESlRICTED lMESlRICTED RESlRICTED lMESlRICTED RESlRICTED lMESlRICTED RESlRICTED ~lRICTED RESlRICTED
$ 297,733.15
16,125.15 29,583.35 24,537.25
$ 367,978.90
6,619.43 14,979.60 206,366.00 45,696.48 1,357.07
225.94 4,232.00 12,286.43 3,733.79
18,025.53 1,375.00 7,179.80 17,994.99
199.27
16,858.69
$ 725,109.00
$ 297,733.15
16,125.15 29,583.35 24,537.25
$ 367,978.90
6,619.43 14,979.60 206,366.00 45,696.48 1,357.07
225.94 4,232.00 12,286.43 3,733.79
18,025.53 1,375.00 7,179.80 17,994.99
199.27
16,858.69
$ 725,109.00
$ 958,634.83 $ 626,340.41 $1,680,590.42 $ 510,445.11 $2,491,514.00 $
0.00 $3,456,753.12 $
0.00 $83,937,176.36 $29,017,964.76
- 81 -
UNIVERSITY OF GEORGIA RECONCILIATION OF SALARIES AND WAGES, AND TRAVEL
YEAR ENDED JUNE 30, 1994
SCHEDULE "20"
Totals per Annual Supplement
Accruals June 30, 1994 June 30, 1993 July 1, 1993 Accrual Adjustments
Adjustments
Shared Services on Jointly Staffed Personnel
Armstrong State College
Hardwick, Clifford E., III
Brunswick College
Francis, Sybil E.
Clayton State College
Hager,
Jerri H.
Da1ton Co11 ege
Calhoun, Barbara S.
Darton College
Saville, James R.
Fort Valley State College
Mitcham, Judson C.
Georgia State University
Carrell, J. Craig
Macon College
Cunard, Linda P.
Stirewalt, Larry K.
North Georgia College
Mitchell, Lawrence
SALARIES AND WAGES
TRAVEL
$305,040,083.46$ 7,851,351.70
2,773,007.76 -2,453,702.24
38,627.36
895.00
-27,726.00 19,228.00 17,810.00 21,443.00 21,631.00 13,469.33 -10,000.00 6,396.00 6,396.00 18,401.00
Totals per Report
DISTRIBUTION BY FUND
CURRENT FUNDS Unrestricted Resident Instruction Regular Special Funding Initiative Office of Minority Business Enterprise Forestry Research Research Consortium Lottery for Education Other Organized Activities Regular Agricultural Research Auxiliary Enterprises Student Activities Restricted Resident Instruction Other Organized Activities
PLANT FUNDS Unexpended
$305,485,064.67 $ 7,852,246.70
-=-=--------=- ---=-===--=--
$182,448,709.17 $ 2,841,020.41
24,999.96
219,126.59
9,377.00
313,686.38
280,264.04
12,409.99
3,131.65
49,918,664.93 297,733.15
18,713,477.02 210,898.10
1,345,956.09 6,619.43
108,297.51
11,986.61
38,842,484.08 2,500,708.19 14,206,864.36 1,015,871.47
5,025.24
See notes to the financial statements.
- 82 -
$305,485,064.67 $ 7,852,246.70
============== ============
SECTION II INTERNAL CONTROL
CLAUDE L. VICKERS STATE AUDl10R (404) 656-2174
TAX RATIO (404) 656-0494
~.epnrtm.eut nf -~uh-its
254 WASHING10N STREET, S. W. ROOM 214
~t!mtbt, ~e.orgia 30334-8400
December 12, 1994
FINANCIAL AUDITS (404) 656-2180
PROGRAM AUDITS (404) 656-2006
Honorable Zell Miller, Governor Members of the General Assembly Members ofthe Board ofRegents ofthe University System ofGeorgia
and Honorable Charles B. Knapp, President University of Georgia
REPORT ON INTERNAL CONTROL STRUCTURE IN ACCORDANCE WITH GOVERNMENT AUDITING STANDARDS
Ladies and Gentlemen:
We have audited the financial statements of the University of Georgia as ofand for the year ended June 30, 1994~ and have issued our report thereon dated December 12, 1994. In our report, our opinion was qualified based on the University's policies of recording encumbrances as expenditures and liabilities in the financial statements and not reporting the liability and related expenditure for compensated absences in the current funds. These policies are departures from generally accepted accounting principles.
We conducted our audit in accordance with generally accepted auditing standards and Government Auditing Standards, issued by the Comptroller General of the United States. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement.
In planning and performing our audit ofthe financial statements ofthe University of Georgia for the year ended June 30, 1994, we considered its internal control structure in order to determine our auditing procedures for the purpose ofexpressing our opinion on the financial statements and not to provide assurance on the internal control structure.
The management ofthe University ofGeorgia is responsible for establishing and maintaining an internal control structure. In fulfilling this responsibility, estimates and judgments by management are required to assess the expected benefits and related costs ofinternal control structure policies and procedures. The objectives of an internal control structure are to provide management with reasonable, but not absolute, assurance that assets are safeguarded against loss from unauthorized use or disposition, and that transactions are executed in accordance with management's authorization and recorded properly to permit the preparation of financial statements in accordance with generally accepted accounting principles. Because of inherent limitations in any
94ICL-1X
internal control structure, errors or irregularities may nevertheless occur and not be detected. Also, projection of any evaluation of the structure to future periods is subject to the risk that procedures may become inadequate because of changes in conditions or that the effectiveness of the design and operation of policies and procedures may deteriorate.
For the purposes of this report, we have classified the significant internal control structure policies and procedures in the following categories:
(I) Budget Preparation/Execution (2) Cash and Cash Equivalents (3) Investments (4) Inventories (5) Revenue/Receivables/Receipts
(7) Expenditures/Liabilities/ Disbursements
(8) Employee Compensation
(9) General Ledger
(10) General Fixed Assets
(6) Procurement
For all of the internal control structure categories listed above, we obtained an understanding of the design ofrelevant policies and procedures and whether they have been placed in operation, and we assessed control risk.
We noted certain matters involving the internal control structure and its operation that we consider to be reportable conditions under standards established by the American Institute of Certified Public Accountants. Reportable conditions involve matters coming to our attention relating to significant deficiencies in the design or operation of the internal control structure that, in our judgment, could adversely affect the University's ability to record, process, summarize, and report financial data in a manner that is consistent with the assertions of management in the financial statements.
As described in the Schedule ofFindings and Improper or Questioned Costs, a reportable condition was noted
in the following internal control structure category:
Revenue/Receivables/Receipts
A material weakness is a reportable condition in which the design or operation of one or more of the internal control structure elements does not reduce to a relatively low level the risk that errors or irregularities in amounts that would be material in relation to the financial statements being audited may occur and not be detected within a timely period by employees in the normal course of performing their assigned functions.
Our consideration of the internal control structure would not necessarily disclose all matters in the internal control structure that might be reportable conditions and, accordingly, would not necessarily disclose all reportable conditions that are also considered to be material weaknesses as defined above. However, we believe the reportable condition described above is not a material weakness.
94ICL-IX
This report is intended for the infonnation of management, the Federal cognizant audit agency and other
Federal grantor agencies. However, this report is a matter of public record and its distribution is not limited.
Respectfully submitted,
c::L/
Claude L. Vickers State Auditor
CLV:gp 94ICL-1X
SECTION ID COMPLIANCE
CLAUDE L. VICKERS STATE AUDllOR (404) 656-2174
TAX RATIO (404) 656-0494
~.epartm.etd of J\uhits
254 WASHINGlON STREET, S.W. ROOM 214
J\thmta, .enrgia 30334-8400
December 12, 1994
FINANCIAL AUDITS (404) 656-2180
PROGRAM AUDITS (404) 656-2006
Honorable Zell Miller, Governor Members of the General Assembly Members ofthe Board ofRegents ofthe University System of Georgia
and Honorable Charles B. Knapp, President University of Georgia
COMPLIANCE REPORT BASED ON AN AUDIT OF THE FINANCIAL STATEMENTS PERFORMED IN ACCORDANCE WITH GOVERNMENT AUDITING STANDARDS
Ladies and Gentlemen:
We have audited the financial statements of the University of Georgia as of and for the year ended June 30, 1994, and have issued our report thereon dated December 12, 1994. In our report, our opinion was qualified based on the University's policies of recording encumbrances as expenditures and liabilities in the financial statements and not recording the liability and related expenditure for compensated absences in the current funds. These policies are departures from generally accepted accounting principles.
We conducted our audit in accordance with generally accepted auditing standards and Government Auditing Standard~ issued by the Comptroller General of the United States. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement.
Compliance with laws, regulations, contracts, and grants applicable to the University of Georgia is the responsibility ofthe University's management. As part of obtaining reasonable assurance about whether the
financial statements are free ofmaterial misstatement, we performed tests of the University's compliance with
certain provisions of laws, regulations, contracts, and grants. However, the objective of our audit of the
financial statements was not to provide an opinion on overall compliance with such provisions. Accordingly,
we do not express such an opinion.
The results ofour tests indicate that, with respect to the items tested, the University of Georgia complied, in all material respects, with the provisions referred to in the preceding paragraph. With respect to items not tested, nothing came to our attention that caused us to believe that the University of Georgia had not complied, in all material respects, with those provisions.
94CRL-1
This report is intended for the information of management, the Federal cognizant audit agency and other Federal grantor agencies. However, this report is a matter of public record and its distribution is not limited.
Respectfully submitted,
L~~
Claude L. Vickers State Auditor
CLV:gp 94CRL-l
SECTION IV FINDINGS AND IMPROPER OR QUESTIONED COSTS
UNIVERSITY OF GEORGIA SCHEDULE OF FINDINGS AND IMPROPER OR QUESTIONED COSTS
YEAR ENDED JUNE 30, 1994
CURRENT YEAR
BUDGET PREPARATION/EXECUTION Overexpenditure ofBudget - Other Organized Activities Agricultural Experiment Station Financial Statements
The total approved budget for Other Organized Activities - Agricultural Experiment Station of the University of Georgia provided for expenditures totaling $56,374,597.00. A comparison of anticipated revenues and budgeted expenditures to actual revenues and expenditures is summarized on Schedule "3" of this report. This comparison indicates that actual expenditures for Operating Expenses of Sponsored Operations exceeded budgeted expenditures by $249,261.90.
BUDGET PREPARATION/EXECUTION Overexpenditure ofBudget - Other Organized Activities Veterinary Medicine Experiment Station Financial Statements
The total approved budget for Other Organized Activities - Veterinary Medicine Experiment Station of the University of Georgia provided for expenditures totaling $2,491,514.00. A comparison of anticipated revenues and budgeted expenditures to actual revenues and expenditures is summarized on Schedule "3" of this report. This comparison indicates that actual expenditures for Operating Expenses ofEducation, General and Departmental Services exceeded budgeted expenditures by $1,210.44.
BUDGET PREPARATION/EXECUTION Failure to Properly Budget Student Activities Transfer Financial Statements Audit Control Number 518-94-01
During the year under review, the University ofGeorgia transferred $1,536,684.68 from the Student Activities Fund to the Resident Instruction Fund as a Nonmandatory Transfer - In Lieu of State Appropriation. This transfer was not included in the Student Activities Fund budget as approved by the Board ofRegents. The University amended its budget internally to reflect this transfer; however, the University did not submit a budget amendment including this transfer to the Board ofRegents. Section 702.03 of the Board ofRegents Policy Manual requires member institutions to routinely submit budget amendments to the Board of Regents for approval.
The University should ensure that all budget amendments are properly submitted to the Board of Regents for approval.
UNIVERSITY OF GEORGIA SCHEDULE OF FINDINGS AND IMPROPER OR QUESTIONED COSTS
YEAR ENDED JUNE 30, 1994
CURRENT YEAR
REVENUE/RECENABLES/RECEIPTS Failure to Record Auxiliary Enterprises Accounts Receivable Financial Statements Reportable Condition Audit Control Number 518-94-02
For the year under review, audit tests of accounts receivable activity revealed approximately $1,269,003.49, in accounts receivable for Auxiliary Enterprises which were not recorded on the formal accounting records ofthe University ofGeorgia at June 30, 1994. These receivables were maintained off-line at various Auxiliary Service units and the related revenues were not recorded on the University's formal accounting records until the receivables were collected.
Revenue should be recorded in the accounting period for which it is earned. Therefore, the University should establish procedures to ensure that accounts receivable and related revenues are properly recorded in the University's formal accounting records in the accounting period that the revenue is earned.
PROCUREMENT Purchase Agreement for Pulp and Paper Pilot Plant Financial Statements Audit Control Number 518-94-03
In the year under review, a professor employed by the University of Georgia arranged the purchase of a Pulp and Paper Pilot Plant for the University. This equipment was to be used in the professor's research to test a newly developed bleaching process for hardwood and softwood pulps. The final negotiated transaction included a purchase agreement requiring the University to pay $400,000.00 for the plant and an agreement by the vendor to return $300,000.00 as a restricted cash gift to the University. According to documents obtained from the University, the professor requested this type of arrangement because it provided him with a $300,000.00 restricted grant which he would be free to use as he so desired in his research.
Further investigation revealed that the plant was purchased with State appropriated lottery proceeds approved for the University's use by the Georgia Research Alliance. Based on this information, it has been determined that the $300,000.00 gift, in effect, is replacing a portion of the $400,000.00 spent from lottery proceeds and it is more appropriate to reflect this gift as an expense credit against the Lottery for Education expenditure. Audit adjustments have been made to the financial statements to reflect this change. Since expenditure of the original State appropriated lottery proceeds required the approval of the Georgia Research Alliance, it is appropriate for the University to seek approval from the Georgia Research Alliance for the expenditure of the additional funds provided by this gift.
The University should closely scrutinize any future purchase agreements of this nature. State appropriated funds should not be spent in a manner that would generate offsetting restricted donations which would not be subject to the laws and regulations governing the use of unrestricted funds.