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MANAGEMENT REPORT DEPARTMENT OF INSURANCE AN ORGANIZATIONAL UNIT OF THE STATE OF GEORGIA 
YEARENDEDJUNE30, 1999 
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 
 
SELECTED FINANCIAL INFORMATION 
 
EXHIBITS 
 
A ANALYSIS OF CHANGES IN FUND BALANCE 
 
BUDGET FUND 
 
1 
 
B SCHEDULE OF FUNDS AVAILABLE AND EXPENDITURES 
 
COMPARED TO BUDGET 
 
BUDGET FUND 
 
2 
 
 RussELL W. HINTON 
STATE AUDITOR 
(404) 656-2174 
 
DEPARTMENT OF AUDITS AND ACCOUNTS 
254 Washington Street, S.W., Suite 214 Atlanta, Georgia 30334-8400 
November 15, 1999 
 
Honorable Roy E. Barnes, 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 financial statements of the State of Georgia presented in the State of Georgia Report of the State Auditor, the general purpose financial statements of the State of Georgia presented in the State ofGeorgia Comprehensive Annual Financial Report, and the issuance of a Statewide Single Audit Report pursuant to the Single Audit Act Amendments, as of and for the year ended June 30, 1999, we have performed certain audit procedures at the Department ofInsurance. Accordingly, the financial statements and compliance activities ofthe Department of Insurance were examined to the extent considered necessary in order to express an opinion as to the fair presentation ofthe 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, 1999. The particular information provided is enumerated in the Table of Contents. 
This report is intended solely for the information and use ofmanagement ofthe Department ofInsurance and is_ not intended to be and should not be used by anyone other than these specified parties. 
Respectfully submitted, 
 
RWH:jb 
 
Russell W. Hinton State Auditor 
 
 SELECTED FINANCIAL INFORMATION 
 
 DEPARTMENT OF INSURANCE ANALYSIS OF CHANGES IN FUND BALANCE 
BUDGET FUND YEAR ENDED JUNE 30, 1999 
FUND BALANCE - JULY 1, 1998 Reserved 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, 1998 Reserved Fund Balance Carried Over from Prior Year as Funds Available 
FUND BALANCE - JUNE 30, 1999 
SUMMARY OF FUND BALANCE Reserved Federal Financial Assistance Year 2000 Project Surplus 
 
EXHIBIT"A" 
 
$ 48,001.21 
996,651.53 
$ 1,044,652.74 
 
$ 
 
13,327.81 
 
404,988.46 
 
$ 418,316.27 
 
$ 996,651.53 
48,001.21 
$ 1,044,652.74 
$ 418,316.27 
 
$ 48,001.21 4,043.00 
366,272.06 
$ 418,316.27 
 
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 DEPARTMENT OF INSURANCE SCHEDULE OF FUNDS AVAILABLE AND EXPENDITURES 
COMPARED TO BUDGET BUDGET FUND 
YEAR ENDED JUNE 30, 1999 
 
EXHIBIT "8" 
 
FUNDS AVAILABLE REVENUES 
State Appropriation Federal Revenues Other Revenues Retained 
CARRY-OVER FROM PRIOR YEAR Transfer from Reserved Fund Balance 
 
BUDGET 
 
ACTUAL 
 
VARIANCEFAVORABLE (UNFAVORABLE} 
 
$ 15,781,902.00 $ 15,781,902.00 $ 
 
1,773,675.00 
 
1,824,063.68 
 
604,870.00 
 
561,354.81 
 
$ 18,160,447.00 $ 18,167,320.49 $ 
 
0.00 50,388.68 -43,515.19 
6,873.49 
 
0.00 
 
48,001.21 
 
48,001.21 
 
$ 18,160,447.00 $ 18,215,321.70 $ _ ____;_54.;.:.,8,;;_;7..;,4.;.;_.7.;;.0 
 
EXPENDITURES 
Personal Services Regular Operating Expenses Travel Motor Vehicle Purchases Equipment Computer Charges Real Estate Rentals Telecommunications Per Diem, Fees and Contracts Year 2000 Project 
Excess of Funds Available over Expenditures 
 
$ 14,609,460.00 $ 
768,819.00 488,740.00 122,500.00 
53,479.00 210,978.00 816,991.00 415,712.00 644,658.00 
29,110.00 
 
14,492,548.76 $ 722,587.24 482,394.15 121,587.56 47,274.09 208,981.18 800,048.00 411,792.52 501,817.32 21,302.42 
 
116,911.24 46,231.76 6,345.85 912.44 6,204.91 1,996.82 16,943.00 3,919.48 142,840.68 7,807.58 
 
$ 18,160,447.00 $ 17,810,333.24 $ -----'3-5~0,_11_3.;7_6 $ 404,988.46 $ ===4=04=,9=8=8=.4=6 
 
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