- Collection:
- Georgia Government Publications
- Serial:
- Audit report, Department of Insurance.
- Title:
- Management report, Department of Insurance, year ended June 30, 1997
- Creator:
- Georgia. Dept. of Audits and Accounts
- Contributor to Resource:
- Georgia. Department of Audits and Accounts.
- Publisher:
- Atlanta, Ga. : Dept. of Audits and Accounts
- Date of Original:
- 1996/1997
- Subject:
- Georgia. Insurance Department--Appropriations and expenditures
Financial statements--Georgia
Auditors' reports--Georgia - Location:
- United States, Georgia, 32.75042, -83.50018
- Medium:
- state government records
- Type:
- Text
- Format:
- application/pdf
- Description:
- Title fluctuates: Audits conducted "in accordance with generally accepted auditing standards" are issued as: Audit report; reviews that are "substantially less in scope than an audit in accordance with generally accepted auditing standards" are issued as: Review report.
Report covers fiscal year.
June 30, 1998; title from cover.
June 30, 2004. - External Identifiers:
- Call Number GA A800 .R1 I48 1996-97
- Metadata URL:
- https://dlg.galileo.usg.edu/id:dlg_ggpd_y-ga-ba800-b-pr1-bi48-b1996-h97
- Digital Object URL:
- https://dlg.galileo.usg.edu/do:dlg_ggpd_y-ga-ba800-b-pr1-bi48-b1996-h97
- Language:
- eng
- Holding Institution:
- University of Georgia. Map and Government Information Library
- Rights:
-
MANAGEMENT REPORT DEPARTMENT OF INSURANCE AN ORGANIZATIONAL UNIT OF THE STATE OF GEORGIA
YEAR ENDED JUNE 30, 1997
- - - - - - - - - - - - - - ----- ----------
----------------~-
STATE OF GEORGIA DEPARTMENT OF AUDITS AND ACCOUNTS
254 WASHINGTON STREET
ATLANTA, GEORGIA 30334-8400
DEPARTMENT OF INSURANCE MANAGEMENT REPORT - TABLE OF CONTENTS -
LEITER OF TRANSMITTAL
SECTION I
SELECTED FINANCIAL INFORMATION
EXHIBITS
A ANALYSIS OF CHANGES IN FUND BALANCE
BUDGET FUND
2
B SCHEDULE OF FUNDS AVAILABLE AND EXPENDITURES
COMPARED TO BUDGET
BUDGET FUND
3
SECTIONn AUDITEE'S RESPONSE TO PRIOR YEAR FINDINGS AND QUESTIONED COSTS SUMMARY SCHEDULE OF PRIOR YEAR FINDINGS AND QUESTIONED COSTS
CLAUDE L. VICKERS
STATE AUDITOR
(404) 656-2174
DEPARTMENT OF AUDITS AND ACCOUNTS
254 Washington Street, S.w., Suite 214 Atlanta, Georgia 30334-8400
November 14, 1997
Honorable Zell Miller, Governor Members ofthe General Assembly of Georgia
and Honorable John W. Oxendine, Commissioner Department ofInsurance
Ladies and Gentlemen:
As part of our audit of the statutory basis fmancial statements ofthe State of Georgia presented in the Report ofthe State Auditor, the general purpose financial statements of the State of Georgia presented in the State ofGeorgia Comprehensive Annual Financial Report, and the issuance ofa Statewide Single Audit Report pursuant to the Single Audit Act Amendments, as ofand for the year ended June 30, 1997, we have performed certain audit procedures at the Department. of Insurance. Accordingly, the financial statements and compliance activities of the Department of Insurance were examined to the extent considered necessary in order to express opinion as to the fair presentation of the financial statements contained in the foregoing documents and to issue reports on compliance and internal control as required by the Single Audit Act Amendments of 1996.
This Management Report contains information pertinent to the financial and compliance activities of the Department of Insurance as of and for the year ended June 30, 1997. The particular information provided is enumerated in the Table of Contents.
This report is intended solely for the use of management of the Department of Insurance. However, this report is a matter of public record and its distribution is not limited.
Respectfully submitted,
CLV:gp
Claude L. Vickers State Auditor
SECTION I SELECTED FINANCIAL INFORMATION
DEPARTMENT OF INSURANCE ANALYSIS OF CHANGES IN FUND BALANCE
BUDGET FUND YEAR ENDED JUNE 3D, 1997
FUND BALANCE - JULY 1, 1996 Surplus
ADDITIONS Adjustments to Prior Year's Accounts Payable Excess of Funds Available over Expenditures Exhibit "B"
DEDUCTIONS Unreserved Fund Balance (Surplus) Returned to Office of Treasury and Fiscal Services Year Ended June 30, 1996 Adjustments to Prior Year's Accounts Receivable
FUND BALANCE - JUNE 30,1997
SUMMARY OF FUND BALANCE Reserved Federal Financial Assistance Surplus
EXHIBIT "A"
$ 1,551,226.95
$
4,992.47
689,966.42
$ 694,958.89
$ 1,551,226.95 274.00
$ 1,551,500.95
$ 694,684.89
$
37,192.34
657,492.55
$ 694,684.89
-2-
DEPARTMENT OF INSURANCE SCHEDULE OF FUNDS AVAILABLE AND EXPENDITURES
COMPARED TO BUDGET BUDGET FUND
YEAR ENDED JUNE 30. 1997
EXHIBIT"B"
FUNDS AVAILABLE
REVENUES
State Appropriation Federal Revenues Other Revenues Retained
BUDGET
ACTUAL
VARIANCEFAVORABLE (UNFAVORABLE)
$ 15,149,383.00 $ 14,997,889.00 $
1,560,706.00
1,768,610.34
750,360.00
752,086.58
-151,494.00 207,904.34
1,726.58
$ 17,460,449.00 $ 17,518,585.92 $ _ _---.;..58...,:.,1.;..3....;.6_.9_2
EXPENDITURES
Personal Services Regular Operating Expenses Travel Motor Vehicle Purchases Equipment Computer Charges Real Estate Rentals Telecommunications Per Diem, Fees and Contracts
$ 13,517,011.00 $ 13,014,350.09 $
855,314.00
862,251.13
384,754.00
373,714.30
86,733.00
86,688.66
59,129.00
49,215.30
580,235.00
589,212.46
804,647.00
800,227.00
331,334.00
314,111.02
841,292.00
738,849.54
502,660.91 -6,937.13 11,039.70 44.34 9,913.70 -8,977.46 4,420.00 17,222.98
102,442.46
$ 17,460,449.00 $ 16,828,619.50 $ _ _..;;.6~31....:.,8;;.;;2;.;;.9;.;;,.5~0
Excess of Funds Available over Expenditures
$
689,966.42 $ ===6=89:!.,9=:;6=6==:.4=2
-3-
SECTIONll AUDlTEE'S RESPONSE TO PRIOR YEAR FINDINGS AND QUESTIONED COSTS
DEPARTMENT OF INSURANCE AUDlTEE'S RESPONSE
SUMMARY SCHEDULE OF PRIOR YEAR FINDINGS AND QUESTIONED CQSTS YEAR ENDED JUNE 30, 1997
PRIOR YEAR FINANCIAL STATEMENT FINDINGS AND QUESTIONED COSTS
~INGCONTROLNUMBERANDSTATUS
408-96-01
Previously Reported Corrective Action Implemented