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 BOARD OF REGENTS OF TIIE UNIVERSITY SYSTEM OF GEORGIA ADMINISTRATIVE CENTRAL OFFICE (OVERSIGHT UNIT) 
-TABLE OF CONTENTS- 
 
SECTION I 
 
FINANCIAL 
 
INDEPENDENT AUDITOR'S COMBINED REPORT ON BASIC FINANCIAL STATEMENTS AND SUPPLEMENTARY INFORMATION 
 
REQUIRED SUPPLEMENfARY INFORMATION 
 
MANAGEMENT'S DISCUSSION AND ANALYSIS 
 
2 
 
BASIC FINANCIAL STATEMENfS 
 
EXHIBITS 
 
A STATEMENT OF NET ASSETS 
 
11 
 
B STATEMENT OF REVENUES, EXPENSES AND CHANGES IN NET ASSETS 
 
12 
 
C STATEMENT OF CASH FLOWS 
 
13 
 
D NOTES TO THE FINANCIAL STATEMENTS 
 
14 
 
SUPPLEMENfARY INFORMATION 
 
SCHEDULES 
 
SCHEDULES OF REVENUES AND EXPENDITURES COMPARED TO 
 
BUDGET - (NON-GAAP BASIS) 
 
1 
 
RESIDENT INSTRUCTION 
 
35 
 
2 
 
REGENTS CENIRAL OFFICE AND OTHER ORGANIZED ACTIV1TIES 36 
 
3 
 
LOTTERY FOR EDUCATION 
 
37 
 
SCHEDULES OF APPROVED BUDGET 
 
4 
 
RESIDENT INSTRUCTION 
 
38 
 
5 
 
REGENTS CENTRAL OFFICE AND OTHER ORGANIZED ACTIV1TIES 
 
40 
 
6 
 
LOTTERY FOR EDUCATION 
 
42 
 
SCHEDULES OF BUDGET TRANSFERS TO OTHER UNITS 
 
7 
 
RESIDENT INSTRUCTION 
 
44 
 
8 
 
REGENTS CENTRAL OFFICE AND OTHER ORGANIZED ACTIV1TIES 
 
48 
 
9 
 
LOTTERY FOR EDUCATION 
 
50 
 
SCHEDULES OF ALLOTMENTS TO UNITS OF THE UNIVERSITY SYSTEM 
 
OF GEORGIA 
 
10 
 
RESIDENT INSTRUCTION 
 
52 
 
11 
 
REGENTS CENTRAL OFFICE AND OTHER ORGANIZED ACTIV1TIES 54 
 
12 
 
LOTTERY FOR EDUCATION 
 
55 
 
 BOARD OF REGENTS OF lHE UNNERSfIY SYSTEM OF GEORGIA 
ADMINISTRATIVE CENTRAL OffICE (OVERSIGHT UNfD 
- TABLE OF CONTENTS - 
 
SECTION I 
 
FINANCIAL 
 
SCHEDULES 
 
13 ANALYSIS OF PRIOR YEAR'S SURPLUS FUNDS COLLECTED FROM 
 
INSTITUTIONS AND REDISTRIBUTED TO INSTITUTIONS WTI1I 
 
DEFICITS 
 
S6 
 
14 RECONCILIATION OF SALARIES AND TRAVEL 
 
S8 
 
1S RECONCILlATION OF PER DIEM AND FEES 
 
S9 
 
SECTION IT AUDITEE'S RESPONSE TO PRIOR YEAR FINDINGS AND QUESTIONED COSTS SUMMARY SCHEDULE OF PRIOR YEAR FINDINGS AND QUESTIONED COSTS 
 
SECTION ill CURRENT YEAR FINDINGS AND QUESTIONED COSTS SCHEDULE OF FINDINGS AND QUESTIONED COSTS 
 
 SECTION I FINANCIAL 
 
 Russu.i W. H"m~ 
STATE AUDITOR 
r40A1656-217. 
 
@ u,~ m:~' '':-u 
DEPARTMENT OF AUDITS AND ACCOUNTS 
2 ~4 Washmgton Street. S W . Surtc 214 Allam a. Georgia 10334-H400 
February 24, 2003 
 
Honorable Sonny Perdue, Governor Members ofthe General Assembly of Georgia Members of the Board of Regents of the University System ofGeorgia 
and Honorable Thomas C. Meredith, Chancellor 
INDEPENDENT AUDITOR'S COMBINED REPORT ON BASIC FINANCIAL STATEMENTS AND SUPPLEMENTARY INFORMATION 
Ladles and Gentlemen 
We have audited the accompanying basic financial statements (Exhibits A through D) of the Admuustrative Central Office (Oversight Urnt) ofthe Board ofRegents ofthe Uruversrty System of Georgia as ofand for the year ended June 30, 2002. These financial statements are the responsibihty ofthe Admmrstrative Central Office's management. Our responsibrhty IS to express an opmton on these financial statements based on our audit. 
We conducted our audit In accordance with audmng standards generally accepted In the United States ofAmenca Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of matenal misstatement. An audit Includes exammmg, on a test basis, evidence supporting the amounts and disclosures In the financial statements. An audit also Includes assessmg 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 opimon. 
As discussed in Note I, the financial statements ofthe Admirustrative Central Office are intended to present the financial position and changes In financial posrtion (mcludmg cash flows) of only that portion ofthe business-type activrties ofthe State ofGeorgia that IS attnbutable to the transactions of the Adrmmstranve Central Office. They do not purport to, and do not, present fairly the financial positron and changes in financial position (including cash flows) of the State of Georgia, In confomnty WIth accountmg pnnciples generally accepted m the Urnted States of Amenca 
 
02ARL-61 
 
 In our opimon, the basic financial statements referred to above present fairly, in all matenal respects, the financial position of the Adrmmstranve Central Office as of June 30, 2002, and Its changes in financial position (mcludmg cash flows) for the year then ended m conformity WIth accounting pnncrples generally accepted in the United States of Amenca. 
 
As descnbed in Note I, the Admmistrative Central Office adopted the provisions of Governmental Accounting Standards Board (GASB) Statements No 35, Baste Ftnanctal Statements - and Management's DISCUSSion and Analysts - for Public Colleges and Umverstttes, as amended by GASB Statement No 37, Basic Financial Statements - andManagement's DISCUSSIOn and Analysts for State and Local Governments, and GASB Statement No. 38, Certain Ftnanctal Statements Note DISclosures, as of July I, 2001, to Implement a new financial reportmg model. 
 
Management's DISCUSSion and AnalYSiS IS not a required part ofthe basic financial statements but IS supplementary mformanon required by the GASB We have apphed certain limited procedures, wluch consisted principally ofmqumes ofmanagement regarding the methods ofmeasurement and presentation of this supplementary Information. However, we did not audit this information and express no opinion on It. 
 
Our audit was conducted for the purpose of forming an opinion on the basic financial statements taken as a whole. The accompanymg supplementary mformanon (Schedules I through IS) IS presented for purposes of additional analysis and IS not a required part of the basic financial statements ofthe AdImmstrative Central Office. Such information has been subjected to the auditing procedures apphed by us m the audit ofthe basic financial statements and, in our opuuon, based on our audit, IS fairly stated in all rnatenal respects in relation to the basic financial statements taken as a whole 
 
Respectfully submitted, 
 
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RWH:gp 02ARL-61 
 
ell W. Hinton Auditor 
 
 REQUIRED SUPPLEMENTARY INFORMATION 
-I - 
 
 Administrative Central Office 
Management's Discussion and Analysis 
 
Introduction 
 
The Adnumstrative Central Office of Georgia's Board of Regents was created In 1931 as a part of a 
reorgaruzation of'Georgia's state government With tills act, pubhc lugher education in Georgia was 
unified for the first tune under a smgle governmg and management authonty. The governor appoints members to the Board, who each serve seven years Today the Board ofRegents IS composed of 16 members, five of whom, are appointed from the state-at-large, and one from each of the 11 congressional distncts. The Board elects a chancellor who serves as its chief executive officer and the cluef admirustranve officer of the University System. The Board oversees 34 institutions: 4 research umversities, 2 regional universities, 13 state umversines, 2 state colleges, and 13 two-year colleges. These msntutions enroll more than 200,000 students and employ more than 9,000 faculty and 30,000 employees to provide teaclung and related services to students and the communities In wluch they are located. 
 
Overview ofthe Financial Statements and FinancitIJAnalysis I 
 
! 
 
The Adrmmstrative Central Office IS proud to present Its financial statements for fiscal year 2002. 
 
The emphasis of discussions about these statements will be on current year data. There are three 
 
I 
 
financial statements presented: the Statement ofNet Assets; the Statement ofRevenues, Expenses 
 
and Changes In Net Assets; and, the Statement of Cash Flows. This dISCUSSIon and analysrs of the 
 
I 
 
Adrmmstranve Central Office's financial statements provides an overview of Its financial acnvities for the year. The Admimstrative Central Office has elected to not restate pnor penods for purposes 
 
of providing the comparative data for t1us Management's DISCUSSIon and Analysis. However, in 
 
I 
 
future years, when pnor penod information IS available, a comparative analysis WIll be presented. 
 
I 
 
Statement ofNet Assets 
 
I 
 
The Statement of Net Assets presents the assets, habihties, and net assets of the Admnustrative 
 
I 
 
Central Office as of the end of the fiscal year. The Statement of Net Assets IS a pomt of time 
 
financial statement The purpose of the Statement of Net Assets IS to present to the readers of the 
 
financial statements a fiscal snapshot of the Admimstratrve Central Office The Statement of Net 
 
Assets presents end-of-year data concermng Assets(current and non-current), Liabihnes (current and 
 
non-current), and Net Assets (assets mmus habihnes). The difference between current and non- 
 
current assets WIll be discussed In the notes to the financial statements. 
 
From the data presented, readers of the Statement of Net Assets are able to deterrmne the assets available to continue the operations of the Adrmmstratlve Central Office. They are also able to deterrmne how much the Admmistranve Central Office owes vendors, Investors and lending msntutions 
 
-2- 
 
 .. 
 
Finally, the Statement ofNet Assets provides a picture ofthe net assets (assets mmus habihtres) and their availabrhty for expenditure by the Adrrurustranve Central Office Net assets are drvided Into three major categones. The first category, mvested In capital assets, net of debt, provides the Admimstranve Central Office's equity in property, plant and equipment owned by the Adrmrustranve Central Office The next asset category IS restncted net assets, which IS drvided Into two categones, nonexpendable and expendable. The corpus ofnonexpendable restncted resources IS only available for mvestment purposes. Expendable restncted net assets are available for expenditure by the Admuustrative Central Office but must be spent for purposes as determmed by donors and/or external entities that have placed time or purpose restncnons on the use of the assets. The final category IS unrestncted net assets. Unrestncted assets are available to the Admimstratrve Central Office for any lawful purpose of the Admirnstrative Central Office. 
 
Statement ofNet Assets, Condensed (thousands of dollars) 
 
Assets Current Assets Capital Assets, Net Other Assets 
 
$ 205,269 15,288 3,612 
 
Total Assets 
Liabinties 
Current Liabihtres Non-Current Liabihues 
Total Liabilities 
 
$ 224.169 
$ 143,628 963 
$ 144.591 
 
Net Assets Invested m Capital Assets, Net of Debt Restricted - Nonexpendable Restncted - Expendable Unrestncted 
 
$ 13,702 3,612 
33,375 28,889 
 
Total Net Assets 
 
$ 79,578 
 
Sttltement ofRevenues, Expenses IIIId Chllllges in Net Assets 
 
Changes m total net assets as presented on the Statement of Net Assets are based on the acnvity presented in the Statement of Revenues, Expenses and Changes in Net Assets. The purpose of the statement IS to present the revenues received by the AdnurustratIve Central Office, both operatmg and nonoperatiog, and the expenses pard by the Admmistranve Central Office, operatmg and nonoperatmg, and any other revenues, expenses, g3.lDS and losses received or spent by the AdrnmistratIve Central Office Generally speaking operating revenues are received for providmg goods and services to the vanous customers and consntuencies ofthe AdmuustratIve Central Office. Operating expenses are those expenses paid to acquire or produce the goods and services provided in return for the operating revenues, and to carry out the mission ofthe Admimstrative Central Office Nonoperatmg revenues are revenues received for winch goods and services are not provided, For 
 
-3- 
 
 example state appropnatIons are nonoperatmg because they are provided by the Legislature to the Adrmrustranve Central Office WIthout the Legislature directly receiving commensurate goods and services for those revenues. 
 
Statement of Revenues, Expenses and Changes 10 Net Assets, Condensed (thousands ofdollars) 
 
Operating Revenues Operating Expenses 
 
$ 211,857 376,383 
 
OperatIng Loss 
 
$-164,526 
 
Nonoperatmg Revenues and Expenses 
 
172,313 
 
Increase In Net Assets 
 
$ 7,787 
 
Net Assets at Begmnmg of Year, as Ongmally Reported 
 
$ 213,965 
 
Cumulative Effect of Changes In Accountmg Pnnciple 
 
-142.174 
 
Net Assets at Beginnmg of Year- 
Restated 
 
$ 71.791 
 
Net Assets at End of Year 
 
$ 79578 
 
The Statement of Revenues, Expenses and Changes In Net Assets reflects a positive year WIth an mcrease In the net assets at the end of the year. Some highhghts ofthe Information presented on the Statement of Revenues, Expenses and Changes 10 Net Assets are as follows: 
 
-4- 
 
 Revenue By Source (thousands of dollars) For The Year Ended June 30, 2002 
Operatmg Revenue Grants and Contracts Sales and Services of Educational Departments Other 
Total Operating Revenue 
Nonoperating Revenue State Appropnanons Grants and Contracts Investment Income Other 
Total Nonoperatmg Revenue 
Total Revenues 
Expenses (thousands of dollars) For The Year Ended June 30, 2002 
Operating Expenses Instruction Research Public Service Academic Support Student Services Institutional Support Plant Operations and Maintenance Scholarshtps and Fellowshtps Unallocated Depreciation 
Total Operating Expenses 
Nonoperatmg Expenses Interest Expense (Capital Assets) 
Total Expenses 
 
$ 1,065 70 
210,722 
$ 21 \,857 
$ 162,699 8,372 652 785 
$ 172.508 
$ 384.365 
$ 274 13 
103,286 16,175 592 
247,138 2 
3,948 4,955 $ 376,383 
194 
$ 376.577 
 
-5- 
 
 The compensation and employee benefits category Increased dunng 2002 The Increase reflects a pay raise for the employees of the Adrmmstranve Central Office of approximately four and a half percent WIth the associated fnnge benefits The Increase also reflects an Increased cost of health Insurance for the employees of the Admnustrauve Central Office 
The cumulative effect of changes In accounting pnnciple are pnmarily the result of the Adrmmstranve Central Office adoptIng depreciation on capital assets and recogmtion of compensated absences 
Statement ofCash Flows 
The final statement presented by the Adrmmstranve Central Office IS the Statement of Cash Flows. The Statement of Cash Flows presents detailed mformanon about the cash activtty of the 
Admnustratrve Central Office dunng the year. The statement is divided Into five parts The first part deals WIth operating cash flows and shows the net cash used by the operating acnviues of the 
Adrmrustranve Central Office. The second section reflects cash flows from non-capital financing activtties This section reflects the cash received and spent for nonoperatIng, non-investmg, and noncapital financing purposes. The third section reflects the cash flows from mvestmg acnvines and 
shows the purchases, proceeds, and mterest received from investing acnvmes. The fourth section 
deals WIth cash flows from Capital and related financing acnvities This sectIon deals WIththe cash used for the acquisition and construction ofcapital and related items The fifth sectIon reconciles the net cash used to the operating income or loss reflected on the Statement ofRevenues, Expenses and Changes In Net Assets. 
Cash Flows for the Year Ended June 30, 2002, Condensed (thousands of dollars) 
 
Cash Provided (Used) By: Operating Acuvitres Non-Capital Fmancmg Actrvines Investing Actrvities Capital and Related Fmancmg Activities 
 
$-163,474 142,224 11,769 -5,996 
 
Net Change in Cash 
 
$ -15,477 
 
Cash, Beginnmg of Year 
 
68.025 
 
Cash, End of Year 
 
$ 52.548 
 
Capital Assets 
 
The Adrmrustratrve Central Office had no sigmficant capital asset addmons for facihties In fiscal year 2002 
 
For additional mformation concermng Capital Assets, see Notes I, 5, 7, and 8 In the notes to the financial statements. 
 
-6- 
 
 Health Insurance 
 
The Adrmrustratrve Central Office IS also the Fiscal Agent for the Employee Health Benefits Plan covenng participating employees of umts of the University System of Georgia The information regarding revenues and expenses for fiscal year 2002 are listed below 10 thousands of dollars 
 
BegImI1Dg Net Assets July I, 2001 
 
$ -2,103 
 
Plus Revenues Fiscal Year 2002 Less Expenses Fiscal Year 2002 
 
199,698 180,884 
 
Ending Net Assets June 30, 2002 
 
$ 16,711 
 
Economic Outlook 
 
The Adrmrustranve Central Office IS not aware ofany currently known facts, decision, or conditions that are expected to have a Significanteffect on the financial position or results ofoperations dunng this fiscal year. 
 
The Admimstrative Central Office's overall financial position IS strong, Despite reductions in state appropriations funding this year, the Adrmmstratrve Central Office was able to generate a modest increase 10 net assets. A new program called the Georgia Leadership Institute begun 10 fiscal year 2002 IS expected to bnng 10 new grant funding this year. At the same lime, responsibilities for the fiscal management of the Gwmnett Uruversrty Center, a separate umt of the Umversity System of Georgia, have been transferred out ofthe AdrmmstratIve Central Office, Other acnvmes mcludmg the operations ofthe P-16 program, the ICAPP program and vanous informatIontechnology projects and programs are expected to expand in the current fiscal year. 
 
Budget reductions uutiated m fiscal year 2002 will continue mto the next year, but should not cause any major change 10 operations. The Admimstranve Central Office Will remam Vigilant regarding resources 10 order to mamtam the office's ability to react and respond to unknown mternal and external factors 
 
Wilham R. Bowes, Vice Chancellor for Fiscal AfTairslTreasurer The Board of Regents Adnumstrative Central Office 
 
-7 - 
 
 BASICFINANCIAL STATEMENTS -9- 
 
 BOARp OF REGENTS OF THE UNI\IERSlTY SYSTEM OF GEORGIA ADMINISTRATIVE CENTRAL OFFICE (OVERSIGHT UNm STATEMENT OF NET ASSETS 
JUNE 30. 2002 
 
EXHIBIT "A" 
 
ASSETS 
Current Assets Cash and Cash EquNalents Short-term Investments Accounts R9C8MIble State AppropnatlonS Federal FinanCIal AsSistance Other Prepaid Items 
Tolal Current Assets 
Noncurrent Assets Investments 
Capital Assets, Net (See Note 5) 
Total Noncurrent Assets 
Total Assets 
L1ABILmES 
Current Uab~rtJes Payroll Wrthholdrngs Accounts Payable Benelits Payable Dafened Revenue Funds Held tor Others Capital Leases Compensated Absences 
Total Current Uabliltles 
Noncurrent Uabllltles Caprtel Leases Compensated Absences 
Total Noncurrent LIabilities 
Tolal lJablll\Jes 
NET ASSETS 
Invested In Capital Assets, Net of Related Debt Restncted for 
Nonexpendable Expendable Unrestncted 
Tolal Net Assets 
The notes to the finanCIal statements are an Integral part of thIS statement  11  
 
$ 52,548,011 70 150,069,426 33 
110,999 00 1,234,800 80 1,300,529 26 
5,37850 
$ 205,269,14559 
 
$ 
 
3,612,04320 
 
15,287,699 68 
 
$ 18,899,74268 
 
$ 224,168,88847 
 
$ 
 
20,108 26 
 
2,261,858 61 
 
29,277,958 31 
 
319,399 98 
 
109,231,60757 
 
1,207,108 32 
 
1,309,481 05 
 
$ 143,627,522 10 
 
$ 
 
378,81642 
 
584,22673 
 
$ 
 
963,04315 
 
$ 144,590,565 25 
 
$ 13,701,77494 3,612,04320 
33,375,176 06 28,889,329 02 
s 79,578,323 22 
 
 BOARR OF REGENTS OF THE UNI\IERSIIY SYSTEM OF GEORGIA ADMINISTRATIVE CENTRAL OFFICE (OVERSIGHT UNm 
STATEMENT OF REVENUES EXPENSES AND CHANGES IN NET ASSETS YEAR ENpER JUNE 30 2002 
 
EXHIBIT"B" 
 
OPERATING REVENUES 
Grants and Contracts Federal Slate Nongovernmental 
Sales and SeMces of Educabonal Departments Other Operatin9 Revenues 
Total Operating Revenues 
OPERATING EXPENSES 
Salanes Stall 
Employee Benefits Other Personal Services Travel Scholarships and Fellow8hlps 
Ublftles Supplies and Other Sennces 
Depreaabon 
Total OpensUng Expenses 
Operating Income (Loss) 
NONOPERATING REVENUES !EXPENSES) 
State Appropriations Grants and Contracts 
Federal Slate Nongovernmental Interest and Other Investment Income Interest Expense (Caprtal Assets) Other Nonoperabn9 Revenues 
Net Nonoperabng Revenues 
InaeaseJ(Decrease) U1 Net Assets 
Net Assets Net Assets - Beginning of Year, as OnglnaUyReported Cumulative Ellect of Changes In Accounbng PnncrpIe 
Net Assets - BegInning of Year, Restated 
Net Assets - End of Year 
The notes to the financaal statements are an Integral part of this statement -12 - 
 
$ 
 
82,71984 
 
694,98242 
 
287,29747 
 
70,638 91 
 
210,721 ,79778 
 
$ 211 ,857,436 42 
 
$ 
 
17,322,274 23 
 
4,056,086 24 
 
47,940 00 
 
564,14118 
 
3,947,533 51 
 
24,937,4n 74 
 
320,552,340 17 
 
4,955,596 86 
 
$ 376,383,389 93 
 
$ -184,525,95351 
 
$ 162,698,616 16 
 
8,286,400 29 51,244 12 34,21396 
651,708 84 -194,499 08 785,43646 
 
S 172,313,12075 
 
$ 
 
7,787,16724 
 
$ 213,965,544 17 -142,174,38819 
 
$ 
 
71,791,15598 
 
$ 
 
79,578,323 22 
 
 BOARD OF REGENTS OF THE UNf\lERSITY SYSTEM OF GEORGIA ADMINISTRATNE CENTRAL OFFICE (OVERSIGHT UNITl STATEMENT OF CASH FLOWS YEAR ENDED JUNE 30, 2002 
 
EXHIBIT"C" 
 
CASH FLOWS FROM OPERATING ACTMTIES Grsnts end Contracts 
Sales and ServiceS of Educabonal Departments Payments to Suppliers Payments to Employees 
Payments for Scholarslups and Fellowships Other Receipts (Payments) 
Net Cash Provuled (Used) by QperaIIng Ac:IMbes 
CASH FLOWS FROM NONCAPITAb FINANCING ACTIVITIES S_ Appropnabons Agency Funds Trsnsacllons 
Gifts and Grants Received torOther than Capital Purposes 
Other NonoperatJng Recetpls 
Net Cash Flows Provxled (Used) by Noncapltal F,nanang Ac:IMbes 
CASH FLOWS FROM CAPITAL AND REbATED FINANCING ACTIVITIES Proceed. from Sale of Capltal Assets 
Purchases of Capital Assets 
Prtnapal P8Id on Capttal Debl and Lea.. Interest Paid on CapJtal Deb1and Leese 
Net Cash ProVIded (Used) by Caprtaland Rela1ed Financing ActivtlIes 
CASH FLOWS FROM INVESTING ACTIVITIES PurchaseJSale of 1nves1mel1ls (Net) lmerest on InYlllltrTwJnts 
Net Cash ProvIded (Used) by Investing AdMbes 
Net InQ'll8/l&l(Decrease) In Cesh 
Cash and Cash Equrvalenls - June 30. 2001 bess Short-Term Investments 
Cash and Cash EqUIValents - Beglnnlng of Year 
Cash end Cash Equrvalents - End of Year 
 
S 
 
1,064,999 73 
 
70,638 91 
 
-354,162,287 14 
 
-17,221,70188 
 
-3,947,53351 
 
210,721,79778 
 
S -163,474,086 11 
 
$ 162,587,617 16 -27,476,91632 8,964.945 34 148,44750 
$ 142,224,09368 
 
S 
 
9,22925 
 
-3.986,386 83 
 
-1,824,820.28 
 
-194,499 08 
 
$ 
 
-5,996,47694 
 
$ 
 
7,963,877 41 
 
3,805,10296 
 
$ 
 
11.768,980 37 
 
$ -15,477.48900 
 
$ 222,756,341 84 -154,730.84114 
 
$ 
 
88,025,500 70 
 
$ 52,548 ,11 70 
 
RECONCILIATION OF OPERATING LOSS TO NET CASH PROVIDED (USED) BY OPERATING ACTIVITIES 
Opera1Jng Income (boss) Adjustments to Reeonale Net Income (Loss) to Net Cash 
Provided (Used) by Qpeiabllll Ac:IMbes DepreaatJon Change m Assets end liabilities Prepaid Items Accounts Payable Payroll Wrthholdlngs Benefits Payable Compensated Absences 
Net Cash PrcMded (Used) by QperaIIng Aclrvfbes 
The notes to the ftnanaal alalelilenls ere en 1n1egr81 part of thiS _ 
-13 - 
 
$ -184,525,953 51 
4,955,596 86 -5,37850 
1,879,466 62 20,108.26 
-5,901,180 19 103,254 35 
$ -163,474,08611 
 
 BOARD OF REGENTS OF TIffi UNIVERSITY SYSTEM OF GEORGIA EXIllBIT "D" ADMINISlRATIVE CENTRAL OFFICE (OVERSIGHT UNID 
NOTES TO TIlE FINANCIAL STATEMENTS JUNE 30. 2002 
NOTE 1 SUMMARY OF SIGNmCANT ACCOUNTING POLICIES 
NATURE OF OPERATIONS The Admuustranve Central Office of the Board of Regents of the Uruversity System of Georgia IS the "Oversight Unit" of the Board of Regents and performs adnumstratIve functions and provides guidance to the thirty-four (34) State colleges and umversitres and SkJdaway Institute of Oceanography winch are orgamzanonal umts of the Board of Regents of the Umversity System of Georgia. 
REPORTING ENTITY The Board of Regents of the University System of Georgia, an orgaruzational unit of the State of Georgia, was created by the "Reorgamzanon Act of 1931". As of June 30, 2002, the Board of Regents ofthe Umversity System of'Georgia was composed 0f34lDStItutions (4 research university level, 2 regional university level, 13 state umversmes, 2 state colleges and 13 two-year colleges), Skidaway InstItute ofOceanography and an admmistranve central office, which is the oversight unit, responsible for implementanon ofBoard pohcies and admimstrative support. The BoardofRegents IS composed of sixteen members appomted by the Governor and confirmed by the Senate. The Chancellor IS appointed by the Board ofRegents as chiefexecutive officer and serves at the pleasure ofthe Board 
The Board of Regents has constitutional authority to govern, control and manage the Universrty System ofGeorgia This authonty mcludes but IS not hmited to the power to designate management, 
the ability to significantly influence operations, the authonty to control institutions' budgets, the power to determmeallotments ofState fimds to member insntunons and the authority to prescribe 
accountmg systems and admirustratrve policies for member msntutions. The Board ofRegents does 
not have authonty to retain unexpended State appropriations (surplus) for any given fiscal year. 
Accordmgly, the Board ofRegents IS considered an organizational unit of the Board ofRegents of 
the Umversity System of Georgia reporting entity for financial reporting purposes because of the 
significance ofIts legal, operational, and financial relationships WIththe Board ofRegents as defined in Section 2100 of the Governmental Accounnng Standards Board (GASB) CodificatIon of Governmental Accountmg and FinanCial ReportIng Standards. 
FINANCIAL STATEMENT PRESENTATION In June 1999, the GASB ISSUed Statement No. 34, Baste Fmanctal Statements and Management DISCUSSIOn and Analystsfor State and Local Governments This was followed m November 1999 by GASB Statement No. 35, Baste Financtal Statements and Management's DISCUSSion and Analysts for Public Colleges and Umverstues The State of Georgia IS required to implement GASB Statement No. 34 as of and for the year ended June 30, 2002. As an orgarnzational unit ofthe State of'Georgia, the Admimstrative Central Office IS also reqwred to adopt GASB Statements No. 34 and No. 35 as amended by GASB Statements No. 37 and No. 38 The financial statement presentation 
- 14- 
 
 BOARD OF REGENTS OF THE UNNERSTIY SYSTEM OF GEORGIA EXHIBIT ''D" 
ADMINISTRAINE CENTRAL OFFICE (OVERSIGHT UNID 
NOTES TO mE FINANCIAL STATEMENTS 
JUNE 30, 2002 
NOTE I: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES 
FlNANCIAL STATEMENT PRESENTATION required by GASB Statements No 34 and No. 35 as amended by GASB Statements No. 37 and No 38 provides a comprehensive, entity-wide perspective ofthe Admmistrauve Central Office's assets, habrhties, net assets, revenues, expenses, changes In net assets, cash flows, and replaces the fund group perspective previously required. 
The Adrmnrstrative Central Office has elected to not restate Its 200 I financial statements to conform WIth the new financial statement presentation, therefore comparative financial information will not be presented for fiscal year 2002 Significant accounting changes made In order to comply WIththe new requirements Include (I) adoption of depreciation on Capital assets; and (2) recogmtron of compensated absences. 
BASIS OF ACCOUNTING For financial reporting purposes, the Adrmrustranve Central Office ISconsidered a special-purpose government engaged only in business-type acnvines, Accordingly, the Admmrstrative Central Office's financial statements have been presented using the econorrnc resources measurement focus and the accrual basis ofaccountmg, except as noted In the preceding paragraphs. Under the accrual basis, revenues are recogmzed when earned, and expenses are recorded when an obhganon has been incurred. All Significant mtra-Adrmmstratrve Central Office transactions have been elumnated 
The Adrmmstranve Central Office has the option to apply all Financial Accountmg Standards Board (FASB) pronouncements issued after November 3D, 1989, unless FASB conflicts WIthGASB The Admimstranve Central Office has elected to not apply FASB pronouncements ISSUed after the apphcable date. 
RESTATEMENT OF NET ASSETS - BEGINNING OF YEAR As a result of the adoption ofGASB Statement No 34, the Admimstranve Central Office was also required to make certam changes In accounting pnnciples, specifically (I) adoption of depreciation on capital assets, and (2) recording of compensated absences. Net assets at July I, 2001 were reduced by $142,174,388 19 for the cumulative effect of these changes. 
CASH AND CASH EQUIVALENTS/SHORT-TERM INVESTMENTS Cash and Cash Equivalents consist of petty cash, demand deposrts and time depostts In authonzed financial mstituuons, and cash management pools that have the general characteristics of demand deposit accounts. 
- 15 - 
 
 BOARD OF REGENTS OF THE UNIVERSITY SYSTEM OF GEORGIA EXHIBIT "0" 
ADMINISTRATIVE CENTRAL OFFICE (OVERSIGHT UNIT> 
NOTES TO WE FINANCIAL STATEMENTS 
JUNE 30. 2002 
NOTE I' SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES 
INVESTMENTS The Admimstrative Central Office accounts for Its investments at fair value in accordance WIth GASB Statement No. 31, Accountmg and Ftnancial Reporttng for Certatn Investments and for External Investment Pools. Changes in unrealized gain (loss) on the carrying value ofmvestments are reported as a component of investment mcome m the statements of revenues, expenses, and changes m net assets. 
Investments in the vanous investment pools mamtained bythe AdmimstratIve CentralOfficeCOnsist, m part, ofrepurchase agreementsand certam U. S. GovernmentSecuritieswinch mclude mortgagebacked secunties such as collateralizedmortgageobhganons and adjustable rate mortgages. These mortgage-backed securities are reported as U. S. Government Secunttes m the disclosure note of custodial credit nsk. (See Note 2 on CategorizationofInvestments) Investments m the mvestment pools are transacted by an external investment firm under direction of an investment advisory agreement executed between the Adrmmstrattve Central Office and the mvestment management finn As ofJune 30, 2002, the AdmimstrattveCentral Office had $31,073,552.25 mvested 10 U. S. Agency mortgage-backed securities. 
ACCOUNTS RECEIVABLE Accounts receivable consist of allotments due from the Office of Treasury and FIscal SeTVICes, Federal, State and other receivables disclosed from information available. 
INVENTORIES No inventones of supphes are reported in these financial statements Expendable supphes are recorded as expenditures at the time of purchase. 
NON-CURRENT INVESTMENTS Investments that are externa1ly restrictedand cannot be used to paycurrenthabihtiesare classifiedas non-eurrent assets 10 the statements of net assets 
CAPITAL ASSETS Capital assets are recorded at cost at the date of acquismon, or fair market value at the date of donation m the case of gifts, For equipment, the AdministratIve Central Office's capitalization pohcy mcludes all items WIth a unit cost of$5,OOO.OO or more, and an estnnatedusefulhfe ofgreater than one year. Renovations to buildings, mfrastructure, and land Improvements that exceed $100,000.00 and significantly increase the value or extend the useful hfe of the structure are 
- 16- 
 
 BOARDOF REGENTS OF THE UNIVERSITY SYSTEM OF GEORGIA EXHIBIT"D" 
ADMINISTRATIVE CENTRAL OFFICE (OVERSIGHT UNfD NOTES TO THE FINANCIAL STATEMENTS JUNE 30. 2002 
NOTE I SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES 
CAPITAL ASSETS capitalized. Routine repairs and maintenance are charged to operatmg expense m the year m wluch the expense was incurred. Depreciation IS computed using the straight-hue method over the estimated useful lrves of the assets, generally 40 to 60 years for buildings, 20 to 25 years for infrastructure and land Improvements, 10 years for library books, and 3 to 7 years for equipment. 
To obtain the total picture of plant additions in the Umversity System, It IS necessary to look at the activmes ofthe Georgia State Fmancing and InvestmentCOmrDlSSIOn (GSFIC)- an orgamzanon that IS external to the System. GSFIC issues bonds for and on behalf ofthe State of'Georgia, pursuant to powers granted to It in the Consntution ofthe State ofGeorgia and the Act creatmg the GSFIC. The bonds so ISSUed constitute direct and general obligations of the State ofGeorgia, to the payment of wluch the fun faith, credit and taxmg power of the State are pledged. 
Effective July I, 200I, the GSFIC retains construction in progress on their books throughout the construction penod and transfers the entire project to the AdImmstrative Central Office when complete. 
DEFERRED REVENUES Deferred revenues mclude amounts received from grant and contract sponsorsthat have not yet been earned. 
COMPENSATED ABSENCES Employee vacation pay 15 accrued at year-end for financial statement purposes. The liability and expense incurred are recorded at year-end as accrued vacation payable m the Statement of Net 
Assets, and as a component of compensation and benefit expense m the Statements of Revenues, Expenses, and Changes in Net Assets The Admmistratlve Central Office had accrued hability for compensated absences in the amount of$I,790,453.43 as ofJuly I, 2001. For FIScal Year 2002, $1,412,735.40 was earned in compensated absences and employees were paid $1,309,481.05, for a net mcrease of$103,254.35. 
NON-CURRENT LIABILITIES Non-eurrent liabihues include (I) habihties that will not be paid withm the next fiscal year; (2) capital lease obligations with contractual maturities greater than one year, and (3) other habihtres that, although payable withm one year, are to be paid from funds that are classified as non-eurrent assets. 
NET ASSETS The Adrmrustrative Central Office's net assets are classified as follows 
- 17 - 
 
 BOARD OF REGENTS OF 1lfE UNIVERSITY SYSTEM OF GEORGIA EXHIBIT ''0'' 
ADMINISTRATIVE CENTRAL OFFICE (OVERSIGlIT UNIT) 
NOTES TO TIlE FINANCIAL STATEMENTS 
JUNE 30. 2002 
NOTE I' SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES 
NET ASSETS Invested In capital assets, net ofrelated debt This represents the Admuustranve Central Office's 
total Investment In capital assets, net of outstanding debt obhgations related to those capital assets To the extent debt has been incurred but not yet expended for capital assets, such amounts are not included as a component of Invested In capital assets, net of related debt. 
Restncted net assets - nonexpendable Nonexpendable restncted net assets COnsISt of endowment and sumlar type funds In which donors or other outside sources have stipulated, as a condition ofthe gift instrument, that the pnncipal rs to be mamtamed inviolate and m perpetuity, and mvested for the purpose of producmg present and future Income, wluch may either be expended or added to pnncipal. The Administrative Central Office may accumulate as much ofthe annual net mcome of an mstJtutlonal fund as is prudent under the standard established by Code Section 44-15-7 of Annotated Code of'Georgia, 
Restncted net assets - expendable. Restncted expendable net assets include resources In which the AdminIstrative Central Office IS legally or contractually obligated to spend resources in accordance WIth restrictions Imposed by external third parties. 
Unrestricted net assets: Unrestricted net assets represent resources denved from stale appropnatJons and sales and services ofeducatJonal departments. These resources are used for transaelJons relatmg to the educational and general operatJons of the Adrrumstranve Central Office, and may be used at the discretion of the governmg board to meet current expenses for those purposes, except for unexpended state appropriatJons (surplus) of$242,059.85. 
When an expense is incurred that can be paid USIng either restncted or unrestncted resources, the AdmmislratJve Central Office's pohcy IS to first apply the expense towards unrestncted resources, and then towards restncted resources. 
INCOME TAXES 
The Admimstranve Central Office, as a polmcal SUbdIVISion of the State of Georgia, IS excluded 
from Federal mcome taxes under Section 115(1) of the Internal Revenue Code, as amended 
- 18 - 
 
 BOARD OF REGENTS OF TIlE UNIVERSTIY SYSTEM OF GEORGIA EXHIBIT "D" ADMINISTRATIVE CENfRAL OFFICE (OVERSIGHTUNfD 
NOTES TO THE FINANCIAL STATEMENTS JUNE 30. 2002 
NOTE 1: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES 
CLASSIFICATION OF REVENUES The Adrmmstratrve Central office has classified Its revenues as either operating or non-operatIng revenues in the Statement of Revenues, Expenses, and Changes m Net Assets according to the following cntena 
Operaung revenues' OperatIng revenues mclude activities that have the characteristics ofexchange transactIons, such as (1) sales and services of EducatIonal Departments and (2) Federal, state and local grants and contracts. 
Non-operattng revenues. Non-operanng revenues include activines that have the characteristics of 
non-exchange transactions, such as gifts and contributions, and other revenue sources that are defined as non-operating revenues by GASB No.9, Reporting Cash Flows of Proprietary and Nonexpendable TrustFunds and Governmental Entuies That UsePropnetary FundAccounttng,and 
GASB No 34, such as state appropnanons and investment income. 
NOTE 2' CASH AND CASH EOUIVALENTS; OTHER DEPOSITS; AND INVESTMENTS 
STATE OF GEORGIA COLLATERALIZATION STATUTES AND POLICIES Funds belonging to the State of Georgia (and thus the Adrmmstranve Central Office) cannot be placed m a depository paymg mterest longer than ten days WIthout the depository providing a surety bond to the State. In heu of a surety bond,the depository may pledge as collateral anyone or more of the following secunnes as enumerated in the Official Code ofGeorgia Annotated Section 50-1759: 
1. Bonds, bill, certificates of'indebtedness, notes, or other direct obliganons ofthe United States or of the State of Georgia, 
2. Bonds, bills, certificates of indebtedness, notes, or other obhganons of the counties or mumctpalines of the State of Georgia 
3 Bonds of any public authonty created by the laws of the State of Georgia, providing that the statute that created the authonty authonzed the use of the bonds for thrs purpose. 
4 Industnal revenue bonds and bonds of development authontJes created by the laws of the State of Georgia 
- 19- 
 
 BOARD OF REGENTS OF TIlE UNNERSITY SYSTEM OF GEORGIA EXHIBIT "D" ADMlNISJRATIVE CENIRAL OFFICE (OVERSIGHT UNf[) NOTES TO TIIE FINANCIALSTATEMENJS JUNE 30. 2002 
 
NOTE 2: CASH AND CASH EOUIVALENTSj OTHER DEPOSITS, AND INVESTMENTS 
 
STATE OF GEORGIA COLLATERALIZATION STATUTES AND POLICIES 5. Bonds, bills, certificates of indebtedness, notes, or other obhgations of a subsidiary corporation ofthe Umted States govermnent, which are fullyguaranteed by the Umted States government both as to pnncipal and interest, or debt obhgations ISSUed by the Federal Land Bank, the Federal Home Loan Bank, The FederalIntermediate CreditBank, the CentralBank for Cooperatives, the Farm Credit Banks, the FederalHome Loan MortgageAssociation,and the Federal National Mortgage Association. 
 
6 Guarantee or Insuranceofaccounts provided by the Federal Deposit Insurance Corporation 
 
As authonzed In the Official Code of Georgia Annotated Section 50-17-53, the State Depository Board has adopted policies which allow agencies of the State of Georgia (and thus the Admnustranve Central Office), the option of exempting demand deposits from the collateral requirements 
 
The Treasurer ofthe Board ofRegents is responsible for all details relativeto furmshing the required depository protection for all units of the Umversity System of Georgia, 
 
CATEGORIZATION OF DEPOSITS The Admmistrative Central Office's cash deposits are categonzed by risk as follows. 
 
Category I Amounts covered by depository Insurance or collaterahzed with secunnes (at fair value) held by the AdrmmstrativeCentral Office or by Its agent m the Adrmmstranve Central Office's name. 
 
Category 2 - Amounts collateralized WIth securities (at fair value) held by the pledging financial institution's trust department or agent In the Admimstrative Central Office's name 
 
Category 3 - Amounts collateralized With securities (at fair value) held by the pledging financial institution, or by Its trust department or agent but not in the Adrmrustranve Central Office's name, and amounts uncollaterahzed. 
 
Cash Deposits as of June 30, 2002 arc as follows: 
 
Cash Deposns Investment Portfolio 
AccolUlts 
Total Cash Deposits 
 
Carrymg 
Amount 
 
Bank 
Balances 
 
Risk CategQDes 
 
2 
 
3 
 
S52,S48,0I1 70 S54,494,57667 
 
S 
 
000 S54.494,57667 
 
31,718767 SO 31718.767 SO S3! 718 767,SO 
SM 266 V9 20 $86 213 344 J7 $31 718 767 SO s_ _..:0loloo.r:./ SS4 424 '76 67 
 
- 20- 
 
 BOARD OF REGENTS OF THE UNIVERSITY SYSTEM OF GEORGIA EXHIBIT "0" 
ADMINISTRATIVE CENTRAL OFFICE (OVERSIGHT UNIT) 
NOTES TO THE FINANCIAL STATEMENTS 
JUNE 30, 2002 
 
NOTE 2 CASH AND CASH EOUIVALENTS; OTHER DEPOSITS, AND INVESTMENTS 
 
CATEGORIZATION OF INVESTMENTS The Admimstranve Central Office's investments are categorized as to credit nsk withm the three 
categones descnbed below' 
 
Category 1 - Insured or registered, or secunnes held by the Adrrnmstrauve Central Office or Its agent in the Admimstratrve Central Office's name. 
 
Category 2 - Uninsured and unregistered, WIth secunnes held by the counter party's trust department or agent in the Admnnstranve Central Office's name, 
 
Category 3 - Uninsured and unregistered, With securities held by the counter party, or by Its trust department or agent, but not In the Admmistratrve Central Office's name. 
 
The carrying amounts of mvestment balances as of June 30, 2002, COnsisted solely of an external mvestment pool. (See Note 3) The following is a nsk categonzanon of the pooled mvestments of the Admmistranve Central Office's "mixed" external mvestment pool, as of June 30, 2002: 
 
Typeof Investments 
Common Stock Corporate Bond. Repurchase AgtCCiiLtlts U S Government Secunnes 
Total Investments 
 
RIsk Categones 2 
 
$ 
 
000 $ 54,909,126 38 $ 
 
16,99O,80S 22 
 
80,00000 
 
49982 V043 
 
$._ _.....l0lo0ll0ll $121962702 Q3 $ 
 
Carrying 
 
3 
 
Amount 
 
000 $ S4,909,12638 16,99O,8OS 22 80,00000 49.982 770 43 
 
900 $121962792 Q3 
 
NOTE 3: EXTERNAL INVESTMENT POOL 
 
The Admmistranve Central Office serves as fiscal agent for various umts ofthe University System of Georgia and cooperative orgaruzations, The Admmistranve Central Office pools the momes ofthese orgamzauons WIth the Admmistranve Central Office's momes for Investment purposes, The Admirustrative Central Office cannot allocate pool investments between the mternal (Umversity System) and external (cooperative orgaruzations) investment pool porIJons. The Investment pool IS not registered WIththe SEC as an mvestment company. The fauvalue ofmvestments ISdetermmed daily. The pool does not ISSUe shares, Each participant IS allocated a pro rata share of each mvestment at fair value along WItha pro rata share ofthe mterest that it earns, Condensed financial information for the mvestment pool follows 
 
- 21 - 
 
 BOARD OF REGENTS OF THE UNIVERSTIY SYSTEM OF GEORGIA EXHIBIT "D" ADMINISTRATIVE CENTRAL OFFICE (OVERSIGHT UNID 
NOTES TO TIlE flNANCiAL STATEMENTS 
JUNE 30. 2002 
 
NOTE 3: EXTERNAL INVESTMENT POOL 
 
Statement of Net Assets - June 30, 2002 
 
Assets 
Cash 
Investments 
Interest Receivable 
 
s 3,490,065 7I 
121,962,702.03 
811,728.71 
 
$126,264,49645 
 
Net Assets Held In Trust for Pool PartIcIpants 
 
Internal Portion External Portion 
 
$ 17,277,976.65 108,986.519.80 
 
$126,264,496 45 
 
Statement of Changes In Net Assets - Year Ended June 30, 2002 
 
Revenues 
Interest Income Net Increase (Decrease) in Fair Value of Investments 
Total Revenues 
 
s 5,153,962.08 
-6.302,596 76 
s -1,148,63468 
 
Expenses 
 
Operatmg Expenses Admimstranve Expenses 
Net Increase (Decrease) in Assets Resulting from Operations 
 
466.27648 
s -1,614,911.16 
 
Distribution to Parncipants Capital Transactions 
Total Increase (Decrease) m Net Assets 
 
-42,944,485 13 16,093,051 60 
s -28,466,344.69 
 
Net Assets July 1,2001 
 
154,730,841 14 
 
Net Assets June 30, 2002 
 
$126,264,496 45 
 
NOTE 4 ACCOUNTS RECEIVABLE 
 
Accounts receivable consisted of the following at June 30, 2002' 
 
- 22- 
 
 BOARD OF REGENTS OF 1HE UNIVERSITY SYSTEM OF GEORGIA EXlllBIT "D" ADMINISIRAINE CENTRAL OFFICE (OVERSIGHT UNfD 
NOTES TO TIlE FINANCIAL STATEMENIS JUNE 30. 2002 
 
NOTE 4 ACCOUNTS RECEIVABLE 
 
State Appropnations Federal Funds Other 
 
$ 110,999.00 1,234,800.80 1.300,529.26 
$ 2,646.329 06 
 
NOTE 5. CAPITAL ASSETS 
 
The balance at July 1,2001 was adjusted for accountIng changes required In unplementIng GASB Statements 34 and 35 as disclosed In Note I. Following are the changes In capital assets for the year ended June 30,2002 
 
Adjusted 
Balance July 1 2001 
 
AddlUons 
 
Reductions 
 
Balance June 30. 2002 
 
Capital Assets, Not Being Depeeciated 
 
Land and Land Improvements 
 
S 2,50l,g77 00 
 
Capitaltzed Collecnons 
 
0,00 S 
 
10.()QQ,00 
 
S 2,S0l,g77 00 IO.()QQ 00 
 
Total CapItal Assets Not Being Deprecrated 
 
S 2501.8nOO S 1000000 
 
S 2.511.877 00 
 
CapIlBI Assets, Betng Deprcclllled 
Eqwpment Capttal Leases 
 
S 19,764,05676 S 3,976,386 g3 S 1,754,960 86 S 21,985,48273 
 
5,241 896,16 
 
5.241,896 16 
 
S 2S 005.952,92 S 3 976386 83 s I 754 960 86 S 27,227.378 89 
 
Less AccumulatedDeprcctBlton Bqurpment Capttal Leases 
 
s 9,400,56609 S 3,906,42995 S 1,499,28528 S 11,807,71076 
 
1,594.678.54 1,049,16691 
 
2,643,84545 
 
S 10.295244,63 S 4.95s,s96 86 S 1.499,285,28 S 1445LS56,21 
 
Total CapItal Assets, Bemg Deprccuttcd, 
 
Net 
 
s 1401070829 S 
 
Capttal Asseta.Net 
 
s S 1651258529 
 
979210,03 s 
~9692JQQ3 S 
 
235,67558 S 12 TIS.822 68 
s 7556"58 1528762968 
 
NOTE 6 DEFERRED REVENUE 
 
Deferred revenue consisted of the following at June 30, 2002 
 
Other Deferred Revenue 
 
$ 319.399 ,98 
 
- 23- 
 
 BOARD OF REGENTS OF TIlE UNIVERSITY SYSTEM OF GEORGIA EXHIBIT "D" 
ADMINISTRATIVE CENTRAL OFFICE (OVERSIGHTUNIT) 
NOTES TO THE FINANCIALSTATEMENIS 
JUNE 30, 2002 
 
NOTE 7' LONG-TERM LIABlllTIES 
 
Long-term liability activity for the year ended June 30, 2002, was as follows. 
 
Balance July 1.2001 
 
Add!Uns 
 
Reductions 
 
Balance June 30 2002 
 
Current 
Portion 
 
Leases 
Lease Obhganons 
 
S 3,4 10,74S 02 S 
 
000 S 1,824,820 28 S 1,58S,924 74 S 1,207,10832 
 
Other Liabthnes 
Compensated Ab5enceo 
Total Long-Term Obhgahons 
 
1 790 4S3 43 
S S 201 1284S 
 
1.412 73S 4Q 
S 1412 735 49 
 
),309.481 OS 
S } 1}4 3Q) 3} 
 
1893,70778 
S } 412 3152 
 
I 309.481 OS 
S 25165893] 
 
NOTE 8 LEASE OBLIGATIONS 
 
CAPITAL LEASES Capital leases are generallypayablein installmentsrangmgfrommonthlyto annuallyand have terms expinng m various years between2003 and 2004. Expensesfor fiscal year2002 were $2,019,409.36 ofwluch $194,589.08 representedInterest Total pnncipal paid on capital leaseswas $1,824,820.28 for the fiscal year ended June 30, 2002, Interest rates range from 6.55 percent to 7.73 percent The following IS a summary of the carryingvalues of assets held under capital lease at June 30, 2002: 
 
Equipment 
 
$ 2,598,050,7] 
 
Certain capital leases provide for renewal andlor purchase options. Generallypurchase options at bargain pnces ofone dollar are exercisable at the expiration of the lease terms 
 
OPERATING LEASES The Admimstranve Central Office has entered into an agreement to lease real property which IS classified as an operatmg lease (leases on assets not recorded on the balance sheet). This lease contains provisions that, at the expiratrondate of the ongmal term of the lease, the Admnnstranve Central Office has the option ofrenewing the leaseon a year-to-year basis Future mmimum lease payments for the operating lease as ofJune 30, 2002, IS listed below. Amounts are Included only for the cancellable lease for which an option to renew for the subsequentfiscal year has been exercised, 
 
Fiscal Year EndIng June 30 
2003 
 
s 436.740.00 
 
24 - 
 
 BOARD OF REGENTS OF TIlE UNNERSITY SYSTEM OF GEORGIA EXHIBIT "D" ADMINISTRATIVE CENffiAL OFFICE (OVERSIGHT UNIT) 
NOTES TO TIlE FINANCIAL STATEMENTS 
JUNE 30, 2002 
 
NOTE 8' LEASE OBLIGATIONS 
 
OPERATING LEASES Expenses for agreements to lease real property under operating leases for the year ended June 30, 2002, totaled $436,740 00. 
 
SUMMARY OF LEASE OBLIGATION Future comnntments for capital leases (which here and on the Statement ofNet Assets Include other Installment purchase agreements) havmg remairung terms In excess ofone year as ofJune 30, 2002, were as follows: 
 
Year Ending June 30: 2003 2004 
 
$ 1,281,19008 385.659.53 
 
Total Minimum Lease Payments 
 
$ 1,666,849.61 
 
Less Interest 
 
80.924.87 
 
Principal Outstanding 
 
$ 1.585,924.74 
 
NOTE 9' RETIREMENT PLANS 
 
TEACHERS RETIREMENT SYSTEM OF GEORGIA 
 
Plan Description The Adrmmstrative Central Office participates In the Teachers Retirement System ofGeorgia (TRS), a cost-shanng multIple-employer defined benefit pension plan establIshed by the General Assembly of Georgia for the purpose ofprovidmg retirement allowances and other benefits for teachers ofthe State of Georgia. TRS provides service retirement, disabihty retirement, and surVIVOr'S benefits for its members in accordance With State statute, The Teachers RetIrement System of Georgia ISSUes a separate stand alone financial audit report and a copy can be obtained from the GeorgiaDepartment of Audits and Accounts 
 
Funding Policy Employees of the Admirustranve Central Office who are covered by TRS are required by State statute to contribute 5% of their gross earnmgs to TRS The Adrmmstrauve Central Office makes monthly employer contnbutions to TRS at rates adopted by the TRS Board ofTrustees In accordance With State statute and as advised by their independent actuary. For fiscal year 2002, the employer contnbutIon rate was 9,24% for covered employees. Employer contributions for the current fiscal year and the preceding two fiscal years are as follows' 
 
- 25- 
 
 BOARDOF REGENTS OF THE UNIVERSITY SYSTEM OF GEORGIA EXHIBIT "D" ADMINISIRATIVE CENTRAL OFFICE (OVERSIGHT UNID 
NOTES TO TIlE FINANCIAL STATEMENTS 
JUNE 30. 2002 
 
NOTE 9: RETIREMENT PLANS 
 
TEACHERS RETIREMENT SYSTEM OF GEORGIA 
 
Funding Policy 
 
FIscal Year 
 
Percentage Contributed 
 
Required 
ContributIon 
 
2002 2001 2000 
 
100% 
100010 
100% 
 
$ 1,303,166.33 $ 1,388,030.80 $ 1,264,146.38 
 
REGENTS RETIREMENT PLAN 
 
Plan Description 
The Regents Retirement Plan, a smgle-employer defined contribution plan, IS an optIonal retirement plan established and adrrumstered by the Board of Regents of the University System of Georgia, under which It may purchase annuity contracts for the purpose ofprovidmg retirement and death benefits for ehgible faculty and pnncipal admimsttators. Benefits depend solely on amounts contributed to the plan plus investment earmngs. Benefits are payable to participatmg employees or their beneficiaries in accordance with the terms ofthe annuity contracts. 
 
funding Policy 
Member contnbutIon reqwrernents are establIshed by the Board of Trustees of the Teachers Retirement System. Employer contnbutions are established by statute and may be amended only by 
the General Assembly ofthe State ofGeorgia. The employer contributes 9.62% ofthe parncipatmg 
employee's earnable compensatIon. Employees contribute 5% of their earnable compensation Amounts attnbutable to all plan contributions are fully vested and non-forfeitable at all times 
 
The Admmistranve Central Office and the covered employees made the required contribunons of $204,894.20 (9 62%) and $106,493 26 (5%), respectively. 
 
GEORGIA DEFINED CONTRIBUTION PLAN 
 
Plan Description The Administrative Central Office participates in the Georgia Defined ContributIon Plan (GDCP) wluch is a smgle-employer defined contnbutIon plan establIshed by the General Assembly of 
Georgia for the purpose ofprovidmg retirement coverage for State employees who are temporary, seasonal, and part-time and are not members of a public retirement or pension system GDCP IS adrrumstered by the Board of Trustees of the Employees' Retirement System of Georgia, 
 
- 26- 
 
 BOARD OF REGENTS OF THE UNIVERSITY SYSTEM OF GEORGIA EXHffiIT "D" 
ADMINISTRATIVE CENTRAL OFFICE(OVERSIGHT UNIT) NOTES TO THE FINANCIAL STATEMENTS 
JUNE 30, 2002 
NOTE 9 RETIREMENT PLANS 
GEORGIA DEFlNED CONTRIBUTION PLAN 
Benefits A member may retire and elect to receive penodic payments after attamment ofage 65. The payment WIllbe based upon mortality tables and interest assumptIons to be adopted by the Board ofTrustees Ifa member has less than $ 3,500,00 credited to hislher account, the Board ofTrustees has the option of requmng a lump sum distribunon to the member m heu ofmalang penodic payments Upon the death of a member, a lump sum distribution equaling the amount credIted to luslher account will be paid to the member's designated beneficiary, Benefit provisions are established by State statute 
Contribntions and Vesting Member contnbutrons are seven and one-halfpercent (7,5%) ofgross salary. There are no employer contnbutions. Contribution rates are established by State statute Eammgs are credited to each 
member's account m a manner established by the Board of Trustees, Upon rermmation of 
employment, the amount of the member's account IS refundable upon request by the member 
Total contnbutions made by employees dunng fiscal year 2002 amounted to $11,885,86 wluch represents 7.5% of covered payroll, These contnbutions met the requirements of the plan 
NOTE 10' RISK MANAGEMENT 
The Board of Regents of the University System of Georgia maintains a self-Insured program of health and dental benefits for its employees and retirees. Tlus plan IS funded jointly through 
prennums paid by participants covered under the plan and employer contributionspaidby the Board 
ofRegents and its orgarnzational umts. All umts ofthe Umversity System ofGeorgia share the nsk ofloss for claims ofthe Employee Health Benefits Plan. Participants are covered up to a maximum 
lifetime benefit of $2,000,000.00 per person and dental coverage up to an armual maximum of 
$1,000.00 per person, 
The Board ofRegents has contracted WIthBlue Cross - Blue Slueld to process all medical and dental claims m accordance WIth medical coverage guidelines as established by the Board of Regents All clarms submitted by program participants are remitted directly to Blue Cross - Blue Shield from the vanous orgaruzational units for venficanon of coverage, processing, and payment through a bank account mamtamed for tlus purpose by Blue Cross - Blue Shield. Blue Cross - Blue Slueld maintams an eligibility file based on Information furnished by the vanous organizational units ofthe Umversity System ofGeorgia 
Express Scnpts IS the adrmmstrator ofthe Board ofRegents' prescnptIon drug plan Pharmacy drug claims WIll be processed in accordance with guidelines established for the Board of Regents' PrescnptIon Drug Benefit Program. Generally, claims are submitted by parncipatmg pharmacies 
- 27- 
 
 BOARD OF REGENTS OF THE UNNERSI1Y SYSTEM OF GEORGIA EXHIBIT "D" 
ADMINISIRATIVE CENTRAL OFFICE (OVERSIGHT UNIT) NOTES TO THE FlNANQAL STATEMENTS 
JUNE 30. 2002 
 
NOTE 10: RISK MANAGEMENT 
 
directly to Express Scnpts for venficanon, processing and payment. Express Scnpts mamtams an ehgibihty file based on Information furnished by Blue Cross - Blue Slueld on behalf of the vanous orgamzauonal units of the University System of Georgia, 
 
A reconcihation oftotal estimated claims habihtres for the fiscal year ended June 30, 2002, IS shown 
below: 
 
Unpaid Claims and Claim Adjustments July 1,2001 
 
$ 35,179,138.50 
 
Incurred Claims and Claim Adjustments Expenses - ProVISIOns for Insured Events of the Current Year 
 
170,457,217.98 
 
Payments - Claims and Claim Adjustments Attnbutable to Insured Events of the Current Year and of Prior Years 
 
176,358.398.17 
 
Unpaid Claims and Claim Adjustments June 30, 2002 
 
$ 29277,958,31 
 
The Department of AdnumstratIve Services (DOAS) has the responsibility for the State of Georgia ofmakmg and carrying out decisions ihat Willmmimize the adverse effects of accidental losses that Involve State government assets. The State believes It IS more econonucal to manage its nsks Internally and set aside assets for claim settlement. Accordmgly, DOAS processes claims for nsk of loss to wluch the State IS exposed, Including general liability, property and casualty, workers' compensation, unemployment compensation, and law enforcement officers' indemmficatron. Limited amounts of commercial msurance are purchased applicable to property, employee and automobile habihty, fidelity and certain other risks. The Adnumstrative Central Office, as an orgamzanonal umt ofthe Board ofRegents of the University System of Georgia, IS part ofthe State of Georgia reportmg entity, and as such, IS covered by the State of Georgia nsk management program adnumstered by DOAS Premiums for the nsk management program are charged to the vanous state orgamzauons by DOAS to provide claims servicing and c1auns payment 
 
A self-insured program of professional habihty for its employees was established by the Board of Regents of the Uruversity System of Georgia under powers authonzed by the Official Code of Georgia Annotated Section 45-9-1. The program insures the employees to the extent that they are not Immune from habihty against personal habihty for damages ansing out of the performance of their duties or In any way connected therewith, The program IS admimstered by DOAS as a SelfInsurance Fund. 
 
28 - 
 
 BOARD OF REGENTS OF TIlE UNIVERSITY SYSTEM OF GEORGIA EXHffiIT "D" ADMINISlRA11VE CENTRAL OFFICE(OVERSIGHT UNIT> NOTES TO TIlE FINANCIAL STATEMENIS JUNE 30, 2002 
NOTE II CONTINGENCIES 
Amounts received or receivable from grantor agenciesare subject to audit and adjustmentby 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 Board ofRegents expects such amounts.rf'any, to be irnmatenal to Its overall financial position, 
Litiganon, claims and assessments filed against the Adrmmstranve CentralOffice(an orgarnzanonal unit ofthe Board ofRegents ofthe UruversitySystemofGeorgia), if'any,are generallyconsideredto be actions against the State ofGeorgia. Accordingly,signrficant htigation, claims and assessments pending against the State of Georgia are disclosed In the State of Georgia Comprehensive Annual Fmancial Report for the fiscal year ended June 30, 2002. 
NOTE 12' POST-EMPLOYMENT BENEmS OTHER THAN PENSION BENEmS 
Pursuant to the general powers conferred by the Official Code ofGeorgia Annotated Section 20-331, the Board of Regents of the University SystemofGeorgia has established group health and life Insurance programs for regular employeesofthe UmversitySystemofGeorgia, It IS the policy ofthe Board ofRegents to permit employeesofthe University System ofGeorgia ehgible for retirementor that become permanently and totally disabled to continue as members of the group health and hfe Insurance programs. Employees who are eligible for retIrement or disabihty under the cntena established by the Teachers Retirement System ofGeorgia and who have at least ten yearsofservice with the University System of Georgia are ehgible for these post-employment health and hfe Insurance benefits. Orgaruzational umts of the Board of Regents of the University System of Georgia pay the employer portion for group insurance for affected mdividuals 
As ofJune 30, 2002, there were 62 employees who had retired or were disabled that were receiving these post-employment health and hfe Insurance benefits. For the year ended June 30, 2002, the AdnnrustratIve Central Office recogruzed as incurred $166,226.10 of expenses, wluch was net of $70,343.87 of parncipant contributions 
29 - 
 
 BOARD OF REGENTS OF TIlE UNIVERSITY SYSTEM OF GEORGIA EXHIBIT "D" 
ADMINISTRATIVE CENTRAL OFFICE (OVERSIGHT UNIT) 
NOTES TO TIlE FINANCIAL STATEMENTS 
ruNE 30, 2002 
 
NOTE 13: NATURAL CLASSIFICATIONS WITH FUNCTIONAL CLASSIFICATIONS 
 
The Adrmmstratrve Central Office's operating expenses by functional classificanon are shown below' 
 
SIateIll<I11 of'Operatmg Expenses  NatunII VI FunClUJna! C\asslflCllbonS For the FISCal Year EndedJune 30. 2002 
 
FunctlmIJ ClI;mficangn 
 
NIturBJ C!wJflClbon 
 
Imquctron 
 
RCK'TJ1' 
 
Public 
Serucr 
 
Acldenuc 
S"PPmt 
 
SlUdcnt Semces 
 
SaJanes Staff 
Employee Benefits Other Pmonal ServIces Travel Scho!ar>Jnps end 
Fellows1ups Unhnes Supplle. end Other 
SCMCCS Dcpr=atton 
Total OpcnIbll8 Expcmcs 
 
S 73,506 39 S 14,S70SI 
2,094 33 
 
9,44444 S 1,172.99062 S 
 
722 S{) 
 
272,256 42 
 
4S,7S3 S8 
 
942,S2S.20 S 2OS,9OS 9S 
46,82034 
 
163,97820 28,940.26 
14,38744 
 
60113 183,384 12 
 
2,61600 
 
19,939.8S2 43 81,8S4,94078 
 
27,083 91 14,949.62623 
 
2,236.28 382,786 37 
 
S 274 '9 S 12782 ?4 $103 28' 723 83 S 16,17426163 S 522]28 ,~ 
 
NaMiI ClM!uflCibOD 
SaJanes Staff 
~Ioyee 1Ienenf s 
Other PcnooaI ServIces Travel Scholanh'P" end 
Fellawslups 
uuuees 
Suppliesend Other Scrv1CC5 
Dcpm:llbOn 
TOOII Operatmg Expcmcs 
 
InstttuDOlla1 
SurM'! 
 
FWCttgn.ll C1us,fgbm 
 
Plant 
 
0pcnIb0nS end Scho1RRlups 
 
Unallocated 
 
Mamtenonce and EeIlgwltum [)gzrccllbon 
 
TOOII 0peratm8 
Fmrmn 
 
S 14,9S9,829 38 30530.690 60 47.940 00 4SS.08S 49 
4,967,70399 
223,176,79167 S 
$247 JJ8 94 1 IJ S 
 
S 17,322,274.23 4,OS6,086.24 47,940 00 
.564,141 18 
 
S 3,947,S33's1 
 
3,9470533 SI 24,937,477 74 
 
2,19S00 
212500 
 
S 394' '3] 51 
 
S 4.9SS S96 86 
2M S 4 596 'Hi 
 
32O,SS2,340 17 49'5,596 86 
5376 383382 93 
 
NOTE 14 SIGNIFICANT TRANSACTIONS 
 
ALBANY STATE UNIVERSITY The construction project for extensive flood damage at Albany State Universitywas completed as of June 30, 2002 Total expenditures of$136,146,313 27, which, In past years, had been recorded as Construction In Progress at the Adrmmstratrve Central Office of the Board of Regents of the University System of Georgia, were transferred to Albany State Umversity to be recorded In the Umverstry's Capital Assets 
 
- 30- 
 
 BOARD OF REGENTS OF THE UNIVERSITY SYSTEM OF GEORGIA EXHIBIT "0" ADMINISTRATNE CENTRAL OFFICE (OVERSIGHT UNIT> NOTES TO THF FINANCIAL STATEMENTS JUNE 30, 2002 
NOTE 15 SUBSEOUENT EVENT On September 26,2002, the Adrmrustranve Central Office of the Board ofRegents ofthe University System of Georgia reimbursed the Georgia Emergency Management Agency $4,429,37 I 70 for the excess of Federal and State flood recovery funds received for repairs and restorations made to Albany State Uruversrty's campus resulting from flood damage caused by tropical storm Alberto 
- 3I - 
 
 SupPLEMENTARY INFORMATION - 33 
 
 BOARDOF REGENTS OF THE UNiVERSITY SYSTEM OF GEORGIA ADMINISTRATiVE CENTRALOFFICE (OVERSIGHT UNm 
SCHEDULE OF REVENUES AND EXPENDITURES COMPARED TO BUDGET- (N0N-GMf> BASIS) 
RESIDENT INSmUCTION 
YEAR ENDED JUNE39, 2002 
 
SCHEDULE "1" 
 
REVENUES 
State Appropnabons Other Revenues Retained 
 
BUDGET 
 
ACTUAL (1) 
 
VARIANCE FAVORABLE (UNFAVORABlE) 
 
$ 41,482,27400 $ 45,732,273 50 $ 
 
11,647,417 00 
 
16,216,67474 
 
4,249,999 50 4,569,25774 
 
$ 53,129,691 00 $ 61,948,948 24 $ _ _=6,=81=9:.,.2.5.:7::2:4:. 
 
EXPENDITURES 
Personal SeMces Education,General and Departmental servtces Sponsored Opel'll1lons 
QpeI'll1Ing Expenses EducalJon, General and Dapartmantal SeMoas Sponsored QpeI'll1Ions 
Caprtal OuUay Special Funding Inrllatlva 
 
$ 12,996,143 00 $ 12,156,21627 $ 
 
000 
 
568,37249 
 
34,425,265 00 000 
60,35700 5,645,926 00 
 
35,057,169 14 3,407,381 46 
62,55200 5,645,764 66 
 
839,92473 -568,37249 
-631,92414 -3,407,381 46 
-2,195 00 14134 
 
-3,769,80702 
 
5,049,450 22 
 
(1) Actual amounts were prepared on a prescnbad basis of aceountmg thal damonslrates compliance oMth budgetary s1atutes and regulalJons of the State of Gao<gla, >WIJch Is a comprehensive basis of accountmg otherthan generally acceptedaccoun1lng pnooples 
 
See notesto the finandal s1alernents 
 
- 35- 
 
 BOARD OF REGENTSOf THE UNf\/ERSITY SYSTEM OF GEORGIA 
ADMINISTRAIIVE CENTRALOFFICE (OVERSIGHTUNrn 
SCHEDULEOF REVENUES AND EXPENPITURES COMPAREDTO 
BUDGET- (NON-GMP BASIS) 
REGENTSCENTRAL OFFICE AND OTHER ORGANIZED ACTMIIES yEAR ENPED JUNE 30 2002 
 
SCHEDULE "2" 
 
FUNPS AVAILABLE REVENUES 
StaleAppropnllbons Other Revenues Reta,ned 
CARR)'-OVER FROM PRIOR YEAR Transfer from Reserved Fund Balance 
 
BUDGET 
 
ACTUAL (1) 
 
VARIANCE FAVORABLE (UNFAVORABLE) 
 
$ 104,711,95000 $ 104,711,95000 $ 
 
2,616,05700 
 
5,246,81287 
 
$ 107,328,007 00 $ 109,958,76287 $ 
 
000 2,630,755 87 
2,630,75587 
 
n4,951 oo 
 
000 
 
-n4,951 oo 
 
$ 108,102,95800 $ 109,958,78287 $ _ _~ 1,85= 5,8~ 048~ 7 
 
EXPENDITURES 
Peraonal SeMces Educabon,General and Departrnantsl Services Sponsor8d Operations 
Operalll1g Expenses Education, General and Departrnantsl SeMalll Sponsored OperatJons 
SREB Peyments Ragents Opportunrty GIants 
Rantal Peyments to Georg,a MJlrtary Collega Duael Paymentsto GPTC for QperatJons Public Ubranes SeIar1es and OperlIbons 
 
$ 
 
8,437,007 00 $ 
 
7,604,189 rr $ 
 
000 
 
366,894 01 
 
41,608,228 00 000 
928,52500 585,00000 1,434,35000 19,905,363 00 35,204,485 00 
 
40,521,234 31 4,638,376 09 887,35000 600,00000 1,434,35000 19,905,36300 32,095,35579 
 
832,817 23 -366,894 01 
1,086,99389 -4,638,37609 
41,17500 -15,000 00 
000 000 3,109,129 21 
 
$ 108,102,95800 $ 108,053,11297 $ 
 
===::. 49,84503 
 
1,905,64990 
 
(1) Actual amounts -.a prepared on a presa1bed baSIS olaccounbng that demonBtratllB compliance\Mth budgalary stBtut8B and ragulatrons 01tho Stale 01Georg,a, wtuch ISa comprahellSMl basts 01accounting 
othar than gaTlBl8lly accepted aCCOllnbng pnnapiBB 
 
See notes to the finanaal statements 
 
- 36- 
 
 BOARD Of REGENTS Of THE UNIVERSITY SYSTEM Of GEORGIA ADMINISTRATJ\IE CENTRAL OfFICE (OVERSIGHT UNm 
SCHEDULE Of REVENUES AND EXPENDITURES COMpARED TO BUDGET (NON-GMP BASIS) 
LQITERYfOREPUCATIQN YEAR ENDED JUNE 30 2002 
 
SCHEDULE "3" 
 
REVENUES State Appropna1Jons 
 
BUDGET 
 
ACTUAL (1) 
 
VARIANCE FAVORABLE (UNFAVORABLE) 
 
$ 12,954,50000 S 12,954,50000 $ 
 
-0=0~ 0 
 
EXPENPITURES 
Georgi. PublIC Telecornmuntcabons Comll\lSSlon Inteme1 Connecllon InotJabve Speasl funding Inotralrve& Equlpment-Publlc Ubranes 
 
S 2,300,000 00 S 2,300,000 00 $ 
 
1,500,000 00 
 
1,640,27236 
 
9,154,500 00 
 
9,013,97872 
 
000 
 
760,48250 
 
000 -140,27236 140,52128 -760,48250 
 
S 12,954,50000 $ 13,714,73358 $ _ _..-7.6.0:,2.3=3=5=8~ 
 
(1) Actual amounts were prepared on a presa1bed _ 01 accounbng!hal demonstrelall ccmpilallOll willi budgetary statutes and ragulabonsof the State of Georg"', which IS a comprehen8lVll ba ..s of aCCOUT1\lng other tI1an generally accepted aCCOUT1\lng P'!napleB 
 
see notes to the finanCIal stetaments 
 
-37- 
 
 BOARD OF REGENTS OF U1E UNryERS!IY SYSTEM OF GEORGIA 
ADMINISTRAJJYE CENJJW. OffICE (OVERSIGHT UNm SCHEPULE OF APPROVEP BUDGET RESIDENT INSmUCTION YEAR ENPED JUNE 30 2002 
 
REVENUES 
Slate Apprapriations Other Revenues Retained 
 
ORIGINAL APPROPRIATION 
 
AMENDED APPROPRIATION 
 
GOVERNOR'S EMERGENCY FUND 
 
$ 1.523.604.554 00 $ 1,608,956,87900 
 
8,289,220 00 $ 479,149,08900 
 
133,93500 
 
$ 3,132,581,43300 $ 487,438,30900 $ 
 
~~.::;~ 
 
EXPENP!TURES 
 
Pe"""",1 5ervIcetI 
 
Education, General and De~1 5ervIcetI 
 
Sponsored 0peratl0I1S 
 
Operating Expenses 
 
Education, General and Departmental 5ervIcetI 
 
Sponsored Operation. 
 
CIpttal Outlay 
 
5peaa1 FUnding I n _ 
 
0IIk:e of M,nortly Buslneos Enterprises 
 
5tudenl Educabon Enrlclmant Program 
 
Forestry Research 
 
_ 
 
ConsorlJum 
 
$ 1.859,481,759 00 $ 256.440.564 00 
405,n6,297 00 
740,373,595 00 
34,070,755 00 1,738,576 00 
3n.889 00 
1.053,433 00 33,248,765 00 
 
25.904.rn 00 
132,191.868 00 
34,401,16100 $ 87.399.966 00 188,870,15900 3,643,092 00 
-42,194 00 -18,71000 -97,796 00 15.186.036 00 
 
$ 3.132,581,43300 $ 487,438,309 00 $ 
 
133,935 00 
....:=== 133,935 00 
 
- 38- 
 
 SCHEDULE "4" 
 
BUDGET ADJUSTMENTS 
 
TOTAL APPROVED 
BUDGET 
 
LESS BUDGET TRANSFERS TO OTHER UNITS 
 
TOTAL 
 
S 1,532,027,709 00 S 1,490,545,43500 S 41,482,27400 
 
S 205,102,559 00 2,293,208.52700 
 
2,281,561,11000 
 
11,647,41700 
 
S -27,178,01200 S 1,658,208,47400 S 1,645,210,33100 S 12,998,143 00 
 
21,427,266 00 
 
410,059,698 00 
 
410,059,698 00 
 
000 
 
70,850,893 00 121,215,76000 
16,384,55200 
402,100 00 
 
511,162,286 00 946,989,321 00 207,254,711 00 
37,713,847 00 1,696,392 00 358,97900 1,357,73700 
48,434,601 00 
 
476,737,021 00 948,989,321 00 207,194,354 00 32,067,921 00 
1,696,392 00 356,979 00 
1,357,73700 48,434,801 00 
 
34,425,265 00 000 
60,35700 5,845,926 00 
000 000 000 000 
 
39- 
 
 BOARD OF REGENTS OF THE UNIVERSITY SYSTEM OF GEORGIA ADMINISTRATIVE CENTRAL OFFICE (OVERSIGHT UNm SCHEDULE OF APPROVED BUDGET 
REGENTS CENTRAL OFFICE AND OTHER ORGANIZED ACTIYITIES 
YEAR ENDED JUNE 30 2002 
 
FUNpS AVAILABLE REVENUES 
Slate Approprlabons Other Revenues RetaIned 
CARRY-QVER FROM PRIOR YEAR Transfer from Reserved Fund Balence 
 
ORIGINAL APPROPRIATION 
 
AMENDED APPROPRIATION 
 
$ 230,047,421 00 $ 379,784,560 00 
$ 609,831,981 00 $ 
 
333,8noo 333,8noo 
 
333,877 00 
 
EXPENDITURES 
PelllOl1el Servlces 
Educahon, General and Departmental ServIces Sponsored Operanons Operating Expenses Educa11on, General and Departmental Services Sponsored Operations Capital OU1lay AgrICU!lura1 Research Advanced Technology Development Cerner' EconomiC Development Instrtute 
Seed Caprtal Fund - ArnC 
Center for Rehablirta1Jon Technology SREB Payments Regents Opportunrty Grants 
Rental Payments to GeorgIa Mlirtary College DU'8Cl Payments to the Georgie Public 
Telecommumcahons CommlSSlOl1 tor Operaltons 
Public UbrariaB Salenes and Operaltons Student Infonnabon System 
 
$ 138,279,793 00 $ 65,748,18700 
93,151,91500 225,355,657 00 
30,00000 3,000,433 00 
22,290,195 00 
5,839,421 00 928,52500 600,00000 
1,434,350 00 
21,294,22500 33,881,300 00 
 
-4,055,762 00 
1,507,706 00 
174,27000 -235,354 00 3,000,000 00 
38,894 00 -15,00000 
-1,404,06200 1,323,165 00 
 
See notes to the finanaal statements 
 
-40- 
 
$ 609,831,981 00 $ _ _...:3:=3;3:,.:8.7:.7.::0:;0:. 
 
 SCHEDULE "5" 
 
BUDGET ADJUSTMENTS 
 
TOTAL APPROVED 
BUDGET 
 
LESS BUDGET TRANSFERS TO OTHER UNITS 
 
TOTAL 
 
$ 
 
23,200 00 $ 230,404,498 00 $ 
 
-164,255,064 00 215,529,496 00 
 
$ -164,231,864 00 $ 445,933,994 00 $ 
 
125,692,548 00 $ 104,711,950 00 
 
212,913,43900 
 
2,616,05700 
 
338,605,98700 $ 107,328,00700 
 
29,530,944 00 
 
29,530,944 00 
 
28,755,99300 
 
IT4,95100 
 
$ -134,700,920 00 $ 475,464,938 00 $ 
 
$ 
 
1,615,730 00 $ 133,839,761 00 $ 
 
4,158,038 00 
 
69,904,205 00 
 
5,288,857 00 -176,661,392 00 
 
99,948,47800 48,694,265 00 
30,00000 3,174,70300 
 
866,368 00 1,378,238 00 
 
22,921,209 00 3,000,000 00 7,256,553 00 928,52500 585,00000 1,434,350 00 
 
15,200 00 28,638,04100 
 
19,905,363 00 35,204,485 00 28,638,04100 
 
125,402,754 00 $ 69,904,205 00 
 
8,437,00700 000 
 
58,340,250 00 48,694,26500 
30,000 00 3,174,703 00 
 
41,608,22800 000 000 000 
 
22,921,209 00 3,000,000 00 7,256,553 00 
 
000 000 000 928,52500 585,00000 1,434,350 00 
 
28,638,04100 
 
19,905,363 00 35,204,485 00 
000 
 
367,361,980 00 $ 108,102,958 00 - 41 - 
 
 BOARD OF REGENTS OF THE UNIVERSITY SYSJEM OF GEORGIA AQMINISTRAT!VE CENTRAL OFFICE (OVERSIGHT UNm SCHEDU"E OF APPROVEP BUDGET "OUERY FOR EDUCATION YEAR ENDED JUNE30 2002 
 
FUNDS AVAILABLE REVENUES 
State Appropnahons CARRY.QVER FROM PRIOR yEAR Transfer from Reserved Fund Balance 
EXpENDITURES Equipment, Technology and Construction 
Trust Fund GeorgI8 Public TetecommumeatlOll6 CommISSIon Internet Connection Initiative Special FundIng InitlatJves Student Informatton System 
 
ORIGINAL APPROPRIATION 
 
AMENDED APPROPRIATION 
 
$ 
 
8,966,000 00 $ 22,723,500 00 
 
3,642,41000 
$ 8,966,000 00 $ _....2;6;:,3=8=5,9=1:0:0:0. 
 
$ 18,642,410 00 
 
2,300,000 00 
 
$ 
 
1,500,000 00 
 
7,466,000 00 
 
5,423,500 00 
 
$ 
 
= __ _ 8,966,000 00 $_....2. 8,385~ ,91000 
 
See notes to the financial statements 
 
- 42- 
 
 SCHEDULE "6" 
 
BUDGET ADJUSTMENTS 
 
TOTAL APPROVED 
BUDGET 
 
LESS 
BUDGET 
TRANSFERS TO OTHER UNITS 
 
TOTAL 
 
$ 31,689,500 00 $ 
 
18,735,000 00 $ 12,954,500 00 
 
$ 20,000,000 00 23,642,41000 
 
23,642,41000 
 
000 
 
$ 20,000,000 00 $ 55,331,910 00 $ 
 
42,3n410 00 $ 12,954,500 00 
 
$ 18,642,410 00 $ 2,300,000 00 1,500,000 00 12,889,500 00 
$ 20,000,000 00 20,000,000 00 
 
18,642,41000 $ 
3,735,000 00 20,000,000 00 
 
000 2,300,000 00 1,500,000 00 9,154,500 00 
000 
 
$ 20,000,000 00 $ 55,331,91000 $ 
 
42,377,41000 $ 12,954,500 00 
 
- 43- 
 
 BOARD OF REGENTS Of THE UNOCERSlry SYSTEM OF GEORGIA APMINISTRATI\IE CENTBAL OfFICE (OVERSIGHT UNIT> SCHEDULE OF BUpGET TRANSFERS TO OTHER UNITS RESIDENT lNSTBUCTION YEAR ENDED JUNE j!Q 2002 
 
UNITS Of THE UNrJERSrrv SYSTEM OF GEORGIA 
 
RESEARCH uNryERsmES 
 
Georgta InlUtutll of TedJilOlog'f 
R....reh ConlOl'bum 
R_SpocIoI Fundlng........ 
0IIlc0 oI ...nortty Bus..- E . . <>-;_SIo1oU_ 
Conoonlum 
 
OSpIIelcdoooI lF _ u __ ' _ E_ 
 
_ 
 
'~01_ 
 
R....rch ConIorIIum 
 
Student Educabon Enrk:hment Program SpocIaIF........._ 
 
Un....... 01<>-;_ 
 
Forestry e...rch OIIlcool _ _ E _ 
 
R....rch ConIortium SpoaaIF ........._ 
 
REGIONAl. UNryERSITIES 
<>-;.. SouIhom U _ Reaaarch ConsortIum SpocIot Funding, _ 
Val_ dosF ta Sutal_ l UnM_ ntly 
 
STATE uNrygBsmESlCjOLLEGES 
 
AIbOIIInIylcSotoalte_ Untwera_ ttr .......... 
 
Speao' F....1ng.._ 
 
"""'..... _Sto1OU_ 
 
Reeeard1 ConIOl"bUrn 
 
SpecaI Fundtng InItIattve 
 
Augultll StabI UniYersIty 
 
OIIlcoollllnorttyB_ E _ 
 
SpedaJ Fundr.g InIUatMl 
 
~~""S_Un_ 
 
5peaal Funchng InltiattYe 
 
CoIumbul S~ UnlYlll:l'dy 
 
Spec::\C Fundtng l~tMI 
 
F... V.....,S_U_ 
 
SpeciIII Futlchng InltilltM 
 
Georgia CafIege .ncI $tIItII Un~ 
 
_ 
 
Funding ,. . . . . . . 
 
Georgla Soulhltlim State UnNenlty Spocial FuncImg _ _ 
 
KeI"lneuw SWte UnlWlll'llt'f R....rch ConaortIum Sptdwl Fundng InlUttv'w 
 
PERSONAL SERVICES 
 
EDUCATION 
 
GENERAl. AND 
 
DEPARTMENTAL 
 
SPONSORED 
 
SERVICES 
 
OPERATIONS 
 
APPROVED BUDGET 
 
OPERATING EXPENSES 
 
EDUCATION 
 
GENERAl AND 
 
DEPART"ENTAL 
 
SPONSORED 
 
SERVICES 
 
OPERATlONS 
 
$ 238,87a,n2OO $ 7a Ma,51a 00 $ 
 
78,ne 3112 00 $ 85,151 452 00 
 
200,528,017 00 
 
30 500 DOO 00 
 
NW,M4 00 
 
138,&0000000 
 
110 4i2,1U PO 1n 12570100 
 
2585318400 
 
87,435 4404 OQ 
 
374,434,82500 
 
76,000 DOO 00 
 
11574580200 
 
200 000,000 00 
 
eem,58900 
 
3897,05100 
 
55,487.214 00 
 
2,382,457 DO 
 
21878,544 00 11 873,448 DO 
 
74,102 849 00 45081,35500 
 
23.281.2M 00 
 
4012,150 00 
 
28,882 845 DO 
 
881,4"00 
 
2II,:I51i1,31300 
 
389 ei51i1 00 
 
25013,14000 31 sea,159 00 20,340,142 00 33,744 1n 00 15.258,05500 8SI.281i1,40300 
 
2123&8600 2783,41000 8,878,1530 00 
455,15&0 00 1784,01000 3,0&4,4D5 00 
 
3760 118 DO 
 
28,m 070 00 
 
e,lS57,223oo 
 
9,853 500 00 
 
7114,250 00 
 
lS,727,304 00 
 
5 7&fl36500 7,28235100 4,17524900 7 5SS 51i17 00 4,nS 312 00 22,829 825 00 
 
8,82&,820 00 2S 1515,84300 28,7113 532 00 2IiI,245,922 00 
15 858 005 00 18 a31 13800 
 
.... 
 
 SCHEDULE .,. 
 
CAPITAl OUTLAY 
 
OTHER 
 
TOTAl 
 
STATE 
FUNDS 
 
FUNDING PROVIDED OTHER 
REVENUES RETAINED 
 
TOTAl 
 
S 4i,200 623 00 S 
22,534 see 00 
.. 784.7&4 DO 
88880.43000 
 
S 24819,794 00 IS 524.320 00 
4&750000 
12.110234600 1.251,84500 87.!li00 00 
2 US 405 00 351 879 00 
2,S02 754 00 
1357,73100 604,38200 
6,01674800 2630,100 00 
 
538.8&4 787 00 S 24.688,784 00 
6,624320 00 48750000 
458.782.13700 12,802,341 00 1.25184500 9750000 
"05.&01.78200 
2.~40500 
358 on 00 
2302,754 00 852.14085700 
1.157737 QO 804 3B200 
8,01874800 2,830,100 00 
 
112.012810 00 S 24,889.784 DO 5,624.32000 487.500 00 118,571.809 00 12802..3" 00 1,2&1 845 DO 87.500 00 109 74311)8 00 2,44840&00 388,97000 2.302.764 00 338,138,322 00 1,351,137 00 804,382 00 '018,741 00 2,830100 00 
 
11&,152.10700 S 25K).18S,228 00 285.767854 00 518,002.83& 00 
 
538 l&4.n7 00 24 e.ag 78-4 00 6 524,!20 00 487500 DO 
458 762 137 00 12802.348 00 1,251,94500 87,500 00 
405,501 782 DO 2441,405 00 358 879 00 2.302.754 00 
1152 140,G57 00 1351.737 QQ 604,38200 
e 016,748 00 
2,830100 00 
 
!5280,mOO 2.997,47300 
 
&83 512 00 
2,~75200 
345,30500 
 
182,258 010 OCI $83 572 DO 
2,838,75200 117 801,945 00 
345,30500 
 
75.1159.125CIO 583,&72 00 
2838,752 DO 47,744,17300 
345,305 00 
 
117,on,285 00 70,157,77200 
 
182.258,01000 58357200 
2038,752 00 117,901,a4500 
345,30500 
 
113&0200 
1,1n 487 00 
801.31200 
450 048 DO 1,370,21& 00 2,281533700 1313,509 00 2,070111 00 1,831,25& 00 
 
117 000 DO 1,039,808 00 
845,714 DO 424.5OSI DO 
19500000 105,274 DO 
38,86100 
813813 00 
3518,88700 
1,n5,88S 00 
11888700 
425,34300 1,35234000 
 
57,H217800 11700000 
1038,808 DO 48 D32 518 00 
8415,714DO 424508 DO ",181,74800 185000 DO 105.2'7400 42,000 857 00 
38,581 DO 69481,051 GO 
813151300 86,475,158000 
3,51818700 
n 415 785 00 
1,n56SOO 28,78800300 
118 N7 00 118,22& 11500 
425343 DO 1.352,348 00 
 
18300,28700 117,000 00 
1,038,808 00 
25 m.MO DO 
&45714 DO 424,I5OSI 00 25433.821 00 185,000 DO 105,27" 00 111,178,00400 
38,881 DO 21,811 &9000 
813,11300 115,819,48200 
3,518,8157DO 27 ,3n,:M0 00 
1 n5,," 00 14317,853 00 
11888700 &54893nOO 
425 343 00 1,352. 348 00 
 
38 581,801100 
20.264.858 00 
111,7S1 127 00 
23,824,15300 42570,.e.100 48,IISI!I.088 00 4S,CW3,418oo 15478,050 00 &0,73& 743 00 
 
57 862.178 00 117,000 00 
1.039,808 00 48032 518 00 
84571400 424,508 DO "181,748 00 195 000 DO 105,27400 42 000,057 DO 
38"100 8948805100 
613 813 00 8!i,475,5S1O 00 
351888700 72,41S 785 00 
1,n5 895 00 28 788003 00 
11888700 111,22811500 
425,34300 1,352 348 00 
 
-45 
 
 BOARD OF ReGENTS OF THe UNrvERSITY SYSTEM OF GeORGIA APMINISTBATrvg CeNTRAL OFFICe (oveRSIGHT UNID SCHeOULE OF BUDGET TBANSFgRS TO OTHeR UNITS RESIDENT INSTRUCTION 
YeAR eNDeD JUNE 30 2002 
 
UNrIS Of THe UNryEBSrrv SYSTeM OF GeORGIA 
 
STATE UNryeBSITlESlCOLLEGES 
 
North Georg_ College .nd Sill. UnlV'lJ1Jty SpocIol FundingInItia.... 
Savlnnah SIlIte UnMnIty ~I Funding In.ttve 
Southern p~,t8etI1Yc StnI UnMI...1ty R....rt:h ConaortIum Speall Funding Inllldve 
s - U _ a / _ ~.. SpocIol F....OIgIn_ 
 
ASSQCIAT DeGRee COLleGES 
 
AbnI _ _ A g _ ~ 
 
_ F....OIgIn_ _ _ Ilan~ 
 
0II\c0 a/ ........... _ 
 
e.-- 
 
_Funding , _ 
 
BoinllrIdgo ~ $ped8I Funding InttiatMI 
CoulaJ Goorgio Community ~ _FundIng_ 
 
DaIton_~ 
 
_ 
 
FundingI n _ 
 
a.-~ 
_ F....OIg .._ 
 
e..1~io~ 
_ , F....OIgIn_ 
 
FIoyd~ 
_ F....OIg_ 
Go...._ ~ 
 
_Sipo ocIo_ l F.._ .."" ........ ~ S_F_ _ _ 
 
- _ F~ u_ _ 
- - ~ _ ~ _ FuniodCinagIIIong!boatrve 
S _ Funding, _ 
SouIh_~ 
S_FundIng_ -C_dIF O.g..O .... _ 
 
2D:lm 
- . . . . - a/ e>ooonog....., 
 
PERSONAl SERVlCES 
 
EDUCADON 
 
GENERAL AND 
 
DEPARTMENTAL 
 
SPONSORED 
 
SERVICES 
 
OPERATIONS 
 
APPROVED BUDGET 
 
OPERATlNG EXPENSES 
 
EDUCADON, 
 
GENERAL AND 
 
DEPARTMENTAL 
 
SPONSORED 
 
SERVICES 
 
OPERATlONS 
 
S 21,955,00100 S 898,87900 S 
 
18,3115,38800 
 
4,226,1600 
 
23,159 8N 00 
 
1,41M,87800 
 
411113,73700 S 
 
5,57580700 
 
61546100 
 
111 334,57a 00 
 
5,8611,02600 
 
1I,854,8n DO 
 
46 539 232 00 
 
2Q8.5 801 00 
 
12,111,26200 
 
'" 112 moo 
 
13,01105711 00 8,2!i7,1411 00 
 
1,1M,541 DO 818,522 00 
 
5 179,n2 00 7,1162,04400 11.9,54200 13804109 00 4,424,878 00 11,133,8nOO 13 314,71100 65 553 334 00 9 se5 lSOlSOO 111 &17,704 00 1041M eo5 00 5588 moo 36158 782 00 
 
952,70!li00 188347800 2,203,441 00 
739,420 00 n,451 DO 
382 837 00 4113,23900 368,HODO 
1371 585 00 207,411300 Ui7,500 00 27107 00 
 
3,734 850 00 2311251000 
1538 834 00 2,031788 DO 3.2811,18200 3115,788 00 1,478,83200 2,1120,25800 2753,523 00 17 247,1117 00 4007 2e3 DO 3791,431 DO 2289412 DO 243900700 1,139 294 00 
 
511MM900 4739738 00 
4,555836 00 337838000 7,25289100 4539 DIIO 00 147667300 2952,08800 407805100 15 &41,040 00 331000000 7,397 150 DO 4118538 00 169250000 1,48964300 
 
19500000 
 
 1,845,210,331 DO S 410,059 8D8 DO S 476,737 :021 0 0 ' 948989,321 00 
.... 
 
 SCHEDULE rr 
 
CN'rTl'J. OUTLAY 
 
OTHER 
 
TOTAL 
 
ST~TE 
FUNDS 
 
FUNDING PROVIDED OTHER 
REVENUES RETAINED 
 
TOTAL 
 
, , 3,840417 QQ 
1,41!UI 5418 00 1,181,152800 
8,14882700 
 
, 
997,12900 
5l32,~OO 
822,87800 2H 82800 
1 388,818 00 
 
, 
37,163,10100 897,128 00 
47,589704 00 832,543 00 
40,138,21500 822,87900 288 928 00 
113,8159051 00 1,3681800 
 
, 18,33351000 
997,12800 18830 003 00 
&325&3 00 20,886,30200 
822,87900 288 828 00 41,l562.248 00 1,3",91800 
 
, 
17820 381 QQ 28758,701 00 18,45281300 
72 D88 805 00 
 
3715380100 ge7 128 00 
47,589 704 00 832,5&3 00 
40,139,215 00 822 878 00 288828 00 
113859,05100 1,398,81800 
 
718 NO 00 1511,30100 
248,500 00 504,000 00 
1088,02800 282,57100 138 754 DO 150,58100 259,250 00 
4003,228 00 784,SOO 00 
1,388,038 00 t54 218 00 171 18800 248,800 00 
 
73,809 00 18500000 215858 00 44,81700 
38,173 00 542812 QO 428,81800 1,028 850 00 
71,7M 00 58,889 00 85,97500 
4,31e QQ 1'-1,125 00 15a8,an CO 13020 00 66,425 00 
 
23,925 81800 73 eog 00 
17,509,217 00 18500000 215858 00 
12,.7344700 44,81700 
15,087,888 00 39,173 00 
26,878,884 00 54281200 
22,281,848 00 .28,81800 
7,585 8516 00 1,02'8 850 00 17,'-3883400 
71,78500 20,851 n4 00 
15888900 Q3,803,7.-7oo 
15,87500 17.97037100 
4,31e 00 30,474 8ee 00 
1'-1,82500 18,084,304 00 
5M 817 00 10&47,11400 
13020 00 8,471,828 00 
1842500 
 
12842,18900 73,808 00 
8885,732 00 185,000 00 215,858 00 
.,580,21900 44 817 00 
7130,89200 39 173 00 
10,743,151500 542,91200 
11,058 382 00 428 818 00 
4,179,81300 1028 850 00 10,544 M8 00 
7178500 11,018,71500 
159,88800 '-8,821 821 00 
8587500 10507,81100 
...,31e DO 14,584 128 00 
14182500 10,045 128 00 
hI,817 00 8 :M9,985 00 
83,020 00 3,08 80100 
86421500 
 
11,08372800 8823,48500 
7813,178 00 7,858,n4oo 14838,219 00 11,183 2t4 00 3,41808300 804,885 00 9 MO,058 00 44 882,128 00 7,482,780 00 15 8eo,757 00 8018175 00 4,297,228 00 2512 S20 00 
 
23 825,818 00 73,8CKI 00 
17,508,21700 185,000 00 215 ue 00 
12,.7344700 44,817 00 
15087,688 00 38 17300 
26,879 S84 00 54281200 
22,281,848 00 42881800 
7585,688 00 1,028 850 00 17,'-38,834 00 
71,78500 20,958 174 GO 
59 MQ DO 93,803,7'-700 
as 875 00 17,870,37100 
... 318 00 30 .-74,aM 00 
14182500 11!1 D84 304 00 
1598,877 00 10,847 114 00 
13,020 00 8.-7162800 
66.42500 
 
173.11300 
 
388,11300 
 
3&8,11300 
 
, 207,1a43!l400' 83,"'1582000 $ 3,TI2.106,S04I500 $ 1,490.545,43500 , 2,281,511,11000 , 3,T12,10&,!04500 
 
 BOARD OF REGENTS OF THE UNNERSlry SYSTEM OF GEORGIA APMINISTRAWE CENTRAL OFFICE <OVERSIGHT UNm SCHEPUlE OF BUDGET TRANSFERS TO OTHER UNITS 
REGENTS CENTRAL OFFICE AND OTHER ORGANIZED ACTMTIES yEAR ENpED JUNE 30 2002 
 
UNITS Of WE UN!VERSrry SYSTgM OF GEORG'" 
 
REseaRCH UNI'fERSlTIgS 
 
Gecrgll Institute 01 Technology 
 
Education extenllon SeMcea 
 
AdvIInced TechnolOgy DeIIlopment CanIer Seed C.P"-! Fund 
Goolv" Ted\ R _ " ' - 
~raJR_rd1 
Center for Ren.bIIttabOn Technotog)' 
S _ Dolo Cenlor 
 
Student Il'IforTN,tk\In Syatem 
 
UA_ocI_l-_- c-. Mod""~01_ 
 
IIodlcol 
 
01Goolv" _ , ond Cl"lco 
 
Georg_ R.dlatlon T'MI1IPY Center 
 
Athel\l and TtI'tDn VetilriMry L..-bcntorIeI 
.............. C C:00Cl i!,.tW. Extenmn $VICII 
 
ManIMI Raourcn E.xcenakIn Center V.......ry MedICineExpertment Stdon 
 
Agr1culbJl1Il ReIiUICh 
 
VNnnliry Medidne TNChIng Iiospbl 
 
PERSONAL SERVICES 
 
EDUCATION 
 
GENERAL AND 
 
DEPARTMENTAL 
 
SPONSORED 
 
SERVICES 
 
OPERATIONS 
 
APPROVED BUDGET 
 
OPERATING EXPENSES 
 
EDUCATION 
 
GENERAL AND 
 
DEPARTMENTAl 
 
SPONSORED 
 
SERVlCES 
 
OPERA!lONS 
 
    204,82oC,2S6 00 
 
.... 077,07800 
 
23,037,083 00 
 
2VUS,QQOOO 
 
1 045715700 
 
21725 DO 
 
1301 157 00 
 
780 lIiI7 00 
 
2.2204,153 00 
043,885,91500 128:sa1il 00 
042,64B,DeB 00 8048,31B 00 
1,584,180 00 2,371i1.4nDO 
:5341i1343 00 
 
11,550,000 00 3,097,o4SC 00 
8500,000 00 
575,000 00 
31i1O aoo 00 
 
11i13 SOO 00 10401157 00 
104 D84 310 00 
1,1iIe5,&4300 34S 818 00 714 423 00 343,702 00 
4,337 71i11 00 
 
10450 000 00 1,75151600 04 700 000 00 126,000 00 210,000 DO 
 
2,172,428 00 
 
1.81i12,N800 
 
530.11800 
 
807,05200 
 
S 125,402,7504 DO  81i1,1iIOoC,205 DO  
 
Se,34Q,250 00 S 48.8004,28500 
 
 SCHEDULE -e~ 
 
CAPITAl 
OUTLAY 
 
OTHER 
 
TOTAL 
 
STATE 
FUNDS 
 
FUNDING PROVIDED 
 
OTHER 
REVENUES 
 
CARRY-ovER 
FROM 
 
RETAINED 
 
PRIOR YEAR 
 
TOTAL 
 
I 22.021 209 00 I 22,921.2Oi 00 I 9,447,64100 I 13,473,388 00 
 
I 22 921.209 00 
 
3,000,000 00 
 
3000,00000 
 
3,000 000 00 
 
3,00000000 
 
121,783 417 00 
 
10,154.238 00 111,639,178 00 
 
121 7e3,417 00 
 
1,632330 00 
 
1,832 330 00 
 
1 832,330 1XI 
 
1,832330 00 
 
7 2 5. . .5 3 0 0 
 
7256 553 00 
 
7.251!1 S~ 00 
 
7.256,553 00 
 
 5T1l.T3ll 00 
 
7,764,31400 
 
112422 00 
 
8,576 13& 00 
 
28,83ll 041 00 
 
28,531,041 00 
 
I 28,830,041 00 
 
28,830 04100 
 
1513.50000 382581000 
 
183 500 00 3,825,81000 
 
1513500 00 3825.81000 
 
I 
 
3000000 
 
".000,27500 
 
41,517 408 00 
 
33 422,807 00 
 
4802.35800 
 
1231800 
 
4.05387000 
 
82,71371100 
 
3SI :soa,082 00 
 
23,405,829 00 
 
1,8804,18800 
 
1 111,54500 
 
n4e51 00 
 
2,51711,803 DO 
 
18",110300 
 
1..278,800 00 
 
2,723,191 00 
 
2723 1511 00 
 
1,34237300 
 
1342,373 00 
 
1,342,373 00 
 
78117.134 00 
 
56D,18200 
 
7,000 000 00 
 
117,95200 
 
80 000.275 00 4 "235800 
82,71371100 188418800 2517880300 2723.191 00 1342373 00 7887.134 00 
 
5,202,542 00 
 
1,859,122 00 
 
3,343,420 00 
 
I 
 
30,000 00 I 84,990.508 00  387,3111,98000 I 125,892,54800 I 212,913,43D 00 I 2II.755JKI300 $ 387,381.811000 
 
-.9 ~ 
 
 BOARDOF REGENTS OF THE UNIVERSITY SYSTEMOF GEORGIA ADMINISTRATIVE CENTRAl. OFFICE (OVERSIGHT UNITl SCHEDULE OF BUDGETTRANSFERSTO OTHERUNITS LOTTERYFOR EDUCATION yEAR ENDEDJUNE 30 2002 
 
UNITS OF THE UNIVERSITYSYSTEM OF GEORGIA 
RESEARCH UNIVERSITIES 
GeorgI8 Insbtutfl of Technology Student Inlonnebon SysI8m 
Georgl8 State Unrvellllly Medocal College of georgia UnlV8llllly of GeorgI8 
Technology EqulJllT18nt InlbalMl 
REGIONAL UNIVERSITIES 
Georgl8 Southern Unrverslty Valdosta State UnlV8ll11ly 
STATE UNIVERSITIESJCQLLEGES 
Albany State University Armstrong Allentlc State UnlYelWily Augusta State University Clayton College end State University Columbus State UnlV8rs1ty Fort Valley State Unrvelll1ly Georgia College and StateUnlversrty Georgia SouthwesIllm State UnlYBraily Kennesaw State UnlYelWily North Georgia College and StateUnrvelll1ly savannah State UnrverMy 50uthem Polyt8chnoc StateUmversrty State UnlYBraily of W881 GeorgI8 
ASSOCIATE pEGREE COLLEGES 
Abrahem BaldwlnAgnaJtlural College Atlanta Metropohtan College Bainbridge CofIege Coastal Georgia CommunityCollega Dalton State College Darton College East Georg.. College Floyd College Ga,nos-"I\e College Georgia Penmeter College Gordon College Macon State CoUege MKldIe Georgia College South Georgia College Wayc;ross College 
QIl1EB 
SkldllW8Y Ins_ of oceanography 
 
EQUIPMENT, TECHNOLOGY 
AND CONSTRUCTION 
TRUST FUND 
 
APPROVED BUDGET 
 
SPECIAL FUNDING INITIATIVES 
 
OTHER 
 
$ 
 
4,720,01600 $ 153,550 00 
 
$ 20,000,00000 
 
2,634,87800 
 
133.550 00 
 
736.826 00 
 
133,550 00 
 
5.568.184 00 
 
278,55000 
 
100,000 00 
 
452,984 00 401.87400 
 
163.54800 133,548 00 
 
167,61200 218,808 00 218,808 00 180,00000 218.61800 108.848 00 218,81800 108,850 00 274,04800 167,796 00 125,04600 167,61200 274,04800 
 
147,032 00 
148,03200 99,032 00 99,03200 141,032 00 139.032 00 109.032 00 99,03200 99,03200 128,032 00 99.032 00 99.032 00 141,032 00 
 
119,752 00 66,184 00 66,184 00 66,184 00 149,31200 119,75200 39,36800 121,500 00 119.75200 270,800 00 119,752 00 149,31400 119,752 00 66,18400 39,37000 
 
84,51600 84,51600 84.51600 84.51600 99.03200 64.51600 84.51600 84.51600 84.51600 99.03200 64.51600 99,03200 84.51600 84,51600 64,51600 
 
46,27600 
 
20,00000 
 
see notetl to the finanoal s t a _ 
 
$ 
 
18,642,41000 $ 3.735,000 00 $ 20,000,000 00 
 
- 50- 
 
 SCHEDULE "9" 
 
TOTAl 
 
STATE FUNDS 
 
FUNDING PROVIDED CARRY-CVER FROM PRIOR YEAR 
 
TOTAl 
 
S 4,873,566 00 S 20,000,000 00 2,768,42800 870,37600 5,846,734 00 100,000 00 
 
4,873,566 00 
S 1,381,650 00 
870,37600 3,591,102 00 
100,000 00 
 
S 20,000,000 00 
1,386,n8oo 
2,255,632 00 
 
4,873,566 00 20,000,000 00 2,768,42800 
870,37600 5,846,734 00 
100,000 00 
 
616,51200 535,42200 
 
616,51200 535,422 00 
 
616,51200 535,42200 
 
314,644 00 366,64000 317,640 00 279,03200 359,65000 247,880 00 327,65000 207,88200 373,08000 295,82800 224,07800 266,64400 415,080 00 
 
314,644 00 366,64000 
317,640 00 279,03200 359,65000 247,880 00 327,650 00 207,882 00 373,08000 295,82800 224,07800 266,64400 415,080 00 
 
314,644 00 366,64000 
317,640 00 279,03200 359,65000 247,88000 327,650 00 207,88200 373,08000 295,82800 224,07800 266,64400 415,08000 
 
184,268 00 130,680 00 130,680 00 130,680 00 248,344 00 184,268 00 103,884 00 186,01600 184,268 00 369,83200 184,268 00 248,346 00 184,266 00 130,680 00 103,88600 
 
184,268 00 130,680 00 130,680 00 130,680 00 248,344 00 184,268 00 103,884 00 186,01600 184,268 00 369,83200 184,268 00 248,34600 184,268 00 130,68000 103,886 00 
 
184,268 00 130,680 00 130,880 00 130,680 00 248,344 00 184,266 00 103,884 00 186,01600 184,268 00 369,83200 184,268 00 248,34600 184,268 00 130,680 00 103,886 00 
 
66,27600 
 
66,27600 
 
66,27600 
 
S 42,3n,410 00 S 18,735,000 00 S 23,642,41000 S 42,3n,410 00 51  
 
 BOARD OF REGENTS OF THE UNl\IERSITY SYSTEM OF GEORGIA ADMINISTRATl\IE CENTRAL OEElCE (OVERSIGHT UNID 
SCHEDULE OF alLOTMENTS TO UNITS OF THE UNIVERSITY SYSTEM OF GEORGIA RESIPENT INSTRUCTION 
YEAR ENpED JUNE 30 2002 
 
RESEARCH UNI\IERSITIES 
 
Georgia Ino_ of Technology Georgia State UnlVlllllrly MedICSI Collego of Georg'. UnlVlllllrly of Georgia 
 
REGIONAL UNI\IERSITIES 
 
Georgia SOuthern UnNefSlly Voldosta State UnlV8fSrly 
 
STATE UNIVERSITIES/COLlEGES 
 
AIlany State UnlverBrly 
 
Armstrong Atlantic State UIIMII1lIty 
 
Augusta State Unrvelllity 
 
Clayton COllege ond Slate Un"",rsrty 
 
_tern COlumbus State UnMllllity 
 
Fort Volley State Unlvel1lrly 
 
Georgia College and State Un""'l1lrly 
 
Georgia 
 
State UnlV8l1llty 
 
Kennesaw State Unlversrty 
 
North Georgia College and State Unlvelllity 
 
Savannah State Unrvel1lrly Southern PoIytachruc State UIIMII1lIty 
Slate Untve"'rly of Weat Georgia 
 
ASSOCIATE DEGREE COLLEGES 
 
Abl1lham Baklwln Agncuttural College Atlanta Motropolrtan College Bambndga College 
CoastaJGeorg.. Community College 
Dalton State College 
Darton CoItego 
East Georg.. College Floyd College GalnllSVlllo College Georg.. Penrnetar CoIIoge Gordon Collego Macon Slata College Middle Georgia College South Georgia College Waycross College 
 
~ Skldaway Instlluta of Qcaanography 
 
See notes to the financial statements 
 
REGUlAR 
 
GOVERNOR'S EMERGENCY 
FUNDS 
 
SPECIAL FUNDING INITIATl\IE 
 
$ 162,012,680 00 168,531,90900 $ 109,743,83800 338,132,38700 
 
$ 45,00000 
5,93500 
 
6,524,320 00 1,251,94500 2,302,75400 2,830,100 00 
 
75,159,72500 47,744,17300 
 
2,938,75200 345,30500 
 
19,300,26700 25,777,560 00 25,433,621 00 18,178,00400 26,917,590 00 18,819,49200 27,372,34900 14,317,953 00 55,489,372 00 19,333,51000 18,830,00300 20,886,302 00 41,562,246 00 
 
1,039,606 00 424,50900 105,27400 38,66100 113,81300 
3,518,88700 
1,n5,895 00 
116,88700 352,34600 997,12900 932,583 00 298,92900 89991800 
 
12,817,189 00 8,885,732 00 4,590,269 00 7,130,89200 
10,743,585 00 11,048,362 00 4,179,61300 10,544,969 00 11,016,71500 46,821,621 00 10,507,611 00 14,564,129 50 10,035,12800 
6,349,96500 3,958,806 00 
 
25,000 00 20,00000 10,000 00 
 
73,60900 215,856 00 
44,81700 39,173 00 542,91200 428,91900 1,026,950 00 71,76500 59,86900 85,97500 
4,31600 141,82500 
596,8nOO 63,020 00 
86,42500 
 
368,11300 
 
$ 1,406,523,680 50 $ - 52- 
 
 SCHEDULE "10" 
 
OFFICEOF MINORITY BUSINESS ENTERPRISE 
 
STUDENT EDUCATION ENRICHMENT PROGRAM 
 
FORESTRY RESEARCH 
 
RESEARCH CONSORTIUM 
 
TOTAL 
 
$ 487.50000 
97.50000 
S 
604,382 00 
 
$ 
356,97900 $ 1,357,73700 
 
24,689,794 00 $ 12,602.346 00 1.696,405 00 4,516,74800 
 
193,714,294 00 182.728,70000 114.103,976 00 345,247,289 00 
 
563,5n 00 
 
78,682.04900 48.069,47800 
 
117.00000 195.00000 
 
645.71400 
425.34300 822.67900 
 
20,456,873 00 26,847.76300 25,733,695 00 18.212,665 00 27,031,403 00 22,138,37900 29.148,244 00 14,434,840 00 56,267,061 00 20,330.63900 19,762,566 00 21.806,11000 42.462.164 00 
 
195.00000 
 
12.915,798 00 9,096.568 00 4,635.066 00 7.170,06500 11,266.497 00 11,497,281 00 5.206,563 00 10,616.734 00 11,076.584 00 48,907.596 00 10.511,927 00 14,725.954 50 10,642,00500 6,412,96500 4,025.231 00 
 
368.11300 
 
S 1.696,382 00 S 
 
356,97900 S 1,357,73700 S 46,184,601 00 S 1,486.295.43550 
 
- 53- 
 
 BOARD OF REGENTS OF THE UNryERSITY SYSTEM OF GEORGIA 
 
SCHEDULE "11" 
 
AQMINISTRATI\IE CENTRAl OFFICE (OVERSIGHT UNITl 
 
SCHEDULE OF ALLOTMENTS TO UNITS OF THE UNIVERSITY SYSTEM OF GEORGIA 
 
REGENTS CENTRAL OFFICE AND OTHER ORGANIZEP ACTMTlES 
 
YEAR ENDED JUNE 30 2092 
 
RESEARCH UNryERSmES 
Georg.. Insbtut8 of Technology Education Extension SeMCllS Advanced TechnologyDevelopment Genter seed CeprlelFund ATDe Slate Data Center Georgre Tech B8seerch Insbtut8 
Unrvenllty of Georgia Agncullunll Expemnent StaIIon Athens and TiftonVetennary Labor8lorlos CooperatMl Extension Servx:e Marine Instrtuta Manne ResourcesExteIlSlOl1 Center 
VetertnaryMad,a"" EJcP,lnment Sta1Jon 
Agrlalllural Research Velllnnary Med,aneTeachingHosprlel 
SkJdaway Institute of OoH.nography 
 
$ 
 
9.447.841 00 
 
3,000.000 00 
 
7.764.31400 
 
10.154.238 00 
 
46.577,468 00 128.38900 
39.308.082 00 1.119.54500 1.698.803 00 2.723.191 00 1.342.37300 569.182 00 
 
1.859.122 00 
 
$ 125,692,548 00 
 
See notes to the finanaal s1a1ementB 
 
54 
 
 BOARD OF REGENTS OF THE UNI'JERSIlY SYSTEM OF GEORGIA 
 
SCHEDULE "12" 
 
APMINISTRA!I'JE CENTRAL OFFICE (OIIERSIGHT UNIT! 
 
SCHEDULE OF ALLOTMENTS TO UNITS OF THE UNI'JERSITY SYSTEM OF GEORGIA 
 
LOTTERY FOR EPUCATION 
 
YEAR ENDED JUNE 30 2002 
 
RESEARCH UNIVERSITIES 
Georgia 1 _ of Technology 
Georgoa State UnlY8lSlly MedIC8I College of Georgoa Unryal1l1ty of Georgoa 
Manne extension Servu::es 
REGIONAl UNIVERSITIES 
Georgoa Southam UnlY8nllty Valdosta State UnlY8ralty 
STATE UNIVERSITIES!CQLLEGES 
Albany State UnlYerarty 
Armstrong AlIanlJc State UnlY8ralty 
Augusta State UnlY8lSlly Clayton Collaga and State UnlY8rarly Columbus State UnlY8ra1ty Fort Vallay State UnlY8rsrty 
Georgla~aooStataUnlY8ralty 
Georgoa SoutlMeslam State UnlY8rarly Kennesaw State UnlY8rarty North Georgoa Collage aoo State UnlYerarly savannah State UnJYeqj\y Southam Polytechn,c State UnlY8rs1ty State Un.........1ty of Wast GeorgI8 
ASSOCIATE DEGREE COLLEGES 
Abraham Baldwin Agneullural College Allan1a Ma1nlpohtan College Balnbndge Collage Coastal GeorgI8 Community Collegll Delton State Collage Derton Collage East Georgoa Collage Floyd Collage GemesYl!le College Georgl8 Perimeter Collage Gordon Collage Macon State College Middle Gaorgl8 Collage South Gaorgl8 CoIIeglI Waycross College 
Q!I::IEB 
Sladewsy InsIrtule of Oceanography 
See notes to the linanasl _menIB 
 
EQUIPMENT, TECHNOLOGY 
AND CONSTRUCnON 
TRUST FUND 
 
SPECIAL FUNDING INITIATI'JES 
 
TOTAL 
 
S 
 
~,72O,016 00 S 
 
153,550 00 S ~,873,566 00 
 
1,2~8,100 00 
 
133,550 00 
 
1,381,650 DO 
 
738,82600 
 
133,550 DO 
 
870,37600 
 
3,312,552 00 
 
278,55000 
 
3,591,102 00 
 
100,00000 
 
100,000 00 
 
~,96400 ~I,87~OO 
 
163,548 00 133,548 00 
 
616,51200 
535,~22.00 
 
167,612 DO 218,608 00 218,608 00 180,000 00 218,61800 108,848 00 218,61800 108,85000 274,04800 167,796 00 125,04600 167,61200 
27~,~00 
 
1~7,032 00 1~,032 00 99,03200 99,03200 1~1,032 00 139,032 00 109,032 00 99,03200 99,03200 128,032 00 99,03200 99,03200 1~1,032 00 
 
31~,644 00 
386,~OO 317,~00 
279,032 00 359,65000 
2~7,880oo 
327,65000 
207,88200 373,08000 295,82800 
22~,078oo 
266,64400 
415,080 00 
 
119,752 00 66,164 00 66,164 00 66,164 00 
149,31200 119,752 00 
39,38800 121,500 00 119,752 00 270,800 00 119,75200 149,31400 119,752 00 
66,164 00 39,37000 
 
64,51600 64,51600 64,51600 64,51600 99,03200 64,51600 64,51600 64,51600 64,51600 99,03200 64,51600 99,03200 64,51800 64,51600 64,51600 
 
~,27600 
 
20,00000 
 
164,268 00 130,68000 130,680 00 130,680 00 
2~,~00 
164,268 00 103,864 00 186,01600 164,26800 389,832 00 164,268 00 
248,~00 
164,268 00 130,680 00 103,886 00 
66,27600 
 
S 
 
15,000,000 00 S 3,735,000 00 S 18,735,000 00 
 
- 55- 
 
 R!WW OF REGENTS Of THE IlNNERSfrr fjYSTEM Of GEORGIA 
AQMIN!STfW!VE CENTBN. OFFICE IMRSIGHT IJNITl 
AHA!,VSl!} Of PRIOR Y'ENfS SURpl US FUNDS CObLEClEQ fROM lNSDTIn!OHS AND BfPlSTB,pmDTO !NSTIDJDONS 'N!1H I:fFIC!TS )'EAR fWD JUNE 30 2002 
 
TOTAL COlLECTED REDlSTRI8lJTED 
 
RESIDENT INSTRUCTION 
 
REGULAR 
 
LOITERY FOR EOLICATION 
 
COLLECTED REDISTRIBUTED CCM.lECTED REDlSTRlBUTED 
 
RESEARCH IINJYEBSfT!ES 
 
--........., ~ k'tIbtuteof TKMOIogy 
"-"" 
MecIIc* CoIege of o.orgsa 
~d.GeCJrw.. 
 
S 328 DB6.24 I 1126704lI 201 00029 600 73e:Q1 
 
32801!l624' 2Oe&431 
 
10323125 S 
150e:2913 ..,,19564 
 
208&431' 
 
62728 HI _25933 28 960 18 
 
BEG!OHAl. IIHMBS!lJES 
 
._........-. STATE IlNI\{fRSfTJEMj9lUQES 
"....-...,..,. .,...-....._............,,.........-..-..,., 
~-",-"" 
Fort VI'Iey at-. I..Irrwn/t)' 
-...--......,. 0-0- CoIIOgo - -- "'-"'Y 
-----..... ..............,... ...., -... " - ond'" "'-"'Y - - -........ Stala urw.RttyaI w.l~ 
 
81131.22 
n.,9 
..... 92 311.27 
40 311 ee 4092". 3105733 23,243TO 3381862 
7,2260115 
172 -.60 
330 III 222.T02 . . 
782809 211,_40 
 
61876 
 
1584380 
 
yn 
&4,318.57 
 
........2555041 31177 
.....45883 
,23,"'02 
32,71747 T..... 
""" ...1S2,22e 110 329115 
011 !501 14 
21a.132~ 
 
81878 
 
'.283 92 2180 
 
12T30ee 
 
100. T9 
 
 
 
..n 
 
1Ill2115 
.~80 
'33880 530 19 
 
es-sogaTE [)Er~EE COl LEGES 
 
-At-Ia-rU.......... 
 
.;. 
 
C 
 
n 
 
 
 
oIIO 
eoueo- 
 
g 
 
o 
 
- " - e - _ _ COomu>Ily " - 
 
Dalton..... CoIIOgo 
....Dalton CoIIOgo "-"""- 
 
- . . . - , , - .o"w"."evCtolIlIlOi geooueg. 
0..-"- 
- - . . . , , - """'" ..... CoIIOgo 
"W """ "_-",","- - 
 
_.,,83 
100453.66 4681373 
1478.17 8130!i1 
2."''' 381877 , 32700 2 ..... 66043.18 82.. . . . . 
'000" 041.230 18 
_29 3.n143 
 
132700 ...enT9 
 
'_Ill 
100.250 55 4587878 
.....,.,7 
,81'09 
s.e1870 '32700 2.... ., 11817l 
1 787 83 04(5126 
..n 
347143 
 
210460 092 
:00"'''2 
",.., 
""'98 
 
,..... 
 
471151~ S 1540eee22  
 
n 360 ee  178 043 n I 
 
~ ..~ n  
 
2,037 &45 a3 I 2,508,197 A!  2 508,7fJ7 A! 
.... 
 
 SCHEDUlE --j 3" 
 
OTHER ORGANIZED ACTMTlES 
 
REGUl.AR 
 
LOTTERY FOR EDUCATION 
 
COll.ECTEO REDISTRIBUTED COlLECTED REDISTRIBUTED 
 
Pl.ANTFUNDS 
 
REGUlAR 
 
lOTICRY FOR EDUCATION 
 
COLLECTED REDISTRIBUTED COLLECTED REDIST'RSUTED 
 
 224!S4 99 I 4107423 
 
000 
 
 
 
I 1312!.De 
 
000 1 
 
 
29 767 30 ot5161 63 S588189 
 
 
 
 
17500 
 
000 
 
'000 
"'30 
 
21~53 
...,..,5.23251 
 
757481 
 
1SW21 
 
64,31857 
 
131 U1 
 
.020.00 
 
'83 158113720 
 
3.32495 
 
1.24828 
 
0'" 
 
..,.. 
;m:70 72DM 8000 
 
438" 045 
do< 
23 875.24 152_38 
..1..1..2.2.....6..7 30000 
 
, :mOO 
 
1 2M 963 80 1 
 
.0..0.0::., 1 13 ' 28 oe I 
1 
 
0l:l:oo::., 1 so;!22 15 1 
 
:w3n1 ag 1 
 
17550 1 
 
...0.:0:0= 
 
-57 - 
 
 BOARD OF REGENTS OF THE UNIVERSITY SYSTEM OF GEORGIA ADMINISTRATIVE CENTRAL OFFICE (OVERSIGHT UNID 
RECONCILIATION OF SALARIES AND TRAVEL 
YEAR ENDED JUNE 30 2002 
 
SCHEDULE "14" 
 
Totals per Annual Supplement 
 
Compensated Absences June 30, 2002 June 30, 2001 
 
Adjustments Fahlslrom, Loftus, Mand18n, 
 
Suzanne Richard Steve 
 
SALARIES $ 17,227,10752 $ 
 
TRAVEL 566,550 62 
 
1,759,134 02 -1,663,217 31 
 
-750 00 
 
-1,056 51 -1,352 93 
 
564,14118 
 
See notes to the firlBooal stalemenls 
 
- 58- 
 
 BOARD OF REGENTS OF THE UNIVERSITY SYSTEM OF GEORGIA ADMINISTRATIVE CENTRAL OFFICE (OVERSIGHT UNID 
 
SCHEDULE "15" 
 
.. 
 
RECONCILIATION OF PER PI EM ANP FEES 
 
YEAR ENDED JUNE 30 2002 
 
Tolals per Annual Supplement Adjustments Chnsban Computer Services Tek Systems, Inc Empower SoIUlJons, Inc 
T DIals per Report 
 
FEE AMOUNT 
 
EXPENSE AMOUNT 
 
TOTAL 
 
$ 6,778,655 93 $ 141,51230 $ 6,920,168 23 
 
-25,663 97 -11,834 00 -1,213,729 31 
 
-25,66397 -11,834 00 -1,213,729 31 
 
$ 5,527,42865 $ 141,51230 $ 5,668,94095 
 
See notes to the flnanaal sIa1ements 
 
-59- 
 
 SECTION II AUDITEE'S RESPONSE TO PRIORYEARFINDINGS AND QUESTIONED COSTS 
 
 BOARD OF REGENTS OF THE UNIVERSITY SYSTEM OF GEORGIA ADMINISTRATNE CENTRAL OFFICE (OVERSIGHT UNIT) AUDITEE'S RESPONSE 
SUMMARY SCHEDULE OF PRIOR YEAR FINDINGS AND OUESTIONED COSTS 
YEAR ENDED JUNE 30, 2002 
 
PRIOR YEAR FINANCIAL STATEMENT FINDINGS AND OUESTIONED COSTS 
 
FINDING CONTROL NUMBER AND STATUS 
 
FS-472-00-0l FS-472-0I-Ol 
 
Prevtously Reported Corrective Action Implemented Previously Reported Corrective Action Implemented 
 
 SECTIONID CURRENT YEARFINDINGS AND QUESTIONED COSTS 
 
 BOARD OF REGENTS OF THE lINNERSITY SYSTEM OF GEORGIA 
ADMINISTRATIVE CENTRAL OFFICE (OVERSIGHT UNIT) 
SCHEDULE OF FINDINGS ANt> OUESTIONED COSTS 
YEAR ENDED JUNE 30, 2002 
FINANCIAL STATEMENT FINDINGS AND OUESTIONED COSTS 
ACCOUNTING CONTROLS (OVERALL) Inadequate General Controls Fmdmg Control Number: FS-472-02-01 
Dunng fiscal year 2002, the Board of Regents of the Umvemty Systemof Georgiaconvertedurutsof the University System from the College Umversity Financial Accountmg (CUPA) legacy system to the new GeorgJaFIRST System (Fmanclal, Information and Reportmg Systems for Tomorrow) In January of2002, the Admimstrative Central Office placed this accountmg system into production 
The management of the Adrmnistranve Central Office is responsible for estabhshmg and maintainmg adequate controls over the operation, utilization, and mtegnty of their data processed With the GeorgJaFIRST System. The objectives of these pohcies and procedures are to provide management with reasonable, but not absolute, assurance that the GeorgJaFIRST System has adequate controls in place and that those controls are operatmgeffectively. Our responsibihtywas to gam an understandmg of the procedures sufficient to plan and perform the audit. 
In gaming that understanding, we encountered weaknesses that resulted from the Adrmmstranve Central Office's transition to the GeorgJaFIRSTSystem. The failureto establishand adhereto a final closing for the year ended June 30, 2002, created a Situation wherethe financial statementspresented for audit were not complete or presented in a timely manner. 
To reduce the risk of reporting mcomplete information, the Admmistranve Central Office should develop procedures that will result in complete reporting ofall financial data in a more efficient and umely manner.