- Collection:
- Georgia Government Publications
- Serial:
- Audit report, Department of Insurance.
- Title:
- Management report, Department of Insurance, an organizational unit of the state of Georgia, year ended June 30, 2002
- 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:
- 2001/2002
- 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 2001-2002
- Metadata URL:
- https://dlg.galileo.usg.edu/id:dlg_ggpd_y-ga-ba800-b-pr1-bi48-b2001-h2002
- Digital Object URL:
- https://dlg.galileo.usg.edu/do:dlg_ggpd_y-ga-ba800-b-pr1-bi48-b2001-h2002
- Language:
- eng
- Holding Institution:
- University of Georgia. Map and Government Information Library
- Rights:
-
DEPARTMENT OF INSURANCE MANAGEMENT REPORT -TABLE OF CONTENTS-
LETTER OF TRANSMITTAL
SECTION I
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
C RECONCILIATION OF SALARIES
3
SECTION 11 AUDITEE'S RESPONSE TO PRIOR YEAR FINDINGS AND QUESTIONED COSTS SUMMARY SCHEDULE OF PRIOR YEAR FINDINGS AND QUESTIONED COSTS
DEPARTMENT OF AUDITS AND ACCOUNTS
254 Washington Street, S.W, Sunc 214
w. RUSSELL HINTON
STATE AUDITOR (4CM)6S6-2!7-4
Atlanta. Georgia 30334-8400
December 11, 2002
Honorable Roy E Barnes, Governor Members of the General Assembly of Georgia
and Honorable John W Oxendine, Comm1ss10ner Department of Insurance
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 basic financial statements of the State of Georgia presented in the State of Georgia 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, 2002, we have performed certain audrt procedures at the
Department of Insurance A=rdmgly, the financial statements and compliance ac!MtIes of the Department of Insurance were examined to the extent necessary m order to express an opinion as to the fair presentabon of the financial statements contained in the foregoing documents and to issue reports on compliance and internal controls as required by the Single Audit Act Amendments of 1996
This Management Report contains informalJon pertinent to the financial and compliance actIvIt1es of the Department of Insurance as of and for the year ended June 30, 2002 The particular Informat1on provided Is enumerated in the Table of Contents
This report Is intended solely for the information and use of management of the State of Georgia and Is not intended to be and should not be used by anyone other than these specified parties
Respectfully submitted,
Ru ell W Hinton State Audrtor
RWH kaf
SECTION I SELECTED FINANCIAL INFORMATION
DEPARTMENT OF INSURANCE ANALYSIS OF CHANGES IN FUND BALANCE
BUDGET FUND YEAR ENDED JUNE 30. 2002
EXHIBIT "A"
FUND BALANCE - JULY l 2001
Reserved Surplus
ADDITIONS
Excess of Funds Available over Expendrtures
Exhibit "B"
DEDUCTIONS
Unreserved Fund Balance (Surplus)
Returned to Office of Treasury and FISCBI Services
Year Ended June 30, 2001 Other Deducllons Resarved Fund Balance Camed Over from
Pnor Year as Funds Available
$
102,647 26
66 791 01
$ _ ___,1""69,..4-"3""8-=2"-7
s _ _--'4""s"'1""'1s.,,9-=8"'"8
$
66,791 01
114,810 00
102 647 26
$ -----=2aa.84"'2~4=8-=2"-7
FUND BALANCE - JUNE 30 2002
s _ _....J._36_.J_s_9_8_8
SUMMARY OF FUND BALANCE
Surplus
s _ _....3._36_.3_s_9_8_8
- 1-
DEPARTMENT OF INSURANCE SCHEDULE OF FUNDS AVAILABLE AND EXPENDITURES
COMPARED TO BUDGET BUDGET FUND
YEAR ENDED JUNE 30. 2002
EXHIBIT "B"
FUNDS AVAILABLE
REVENUES Slate Apprcprlabon Federal Revenues Other Revenues Retained
~BRY::QV!;R EBQM PRIQB YEAB
Transfer trcm Reserved Fund Balance
BUDGET
ACTUAL
VARIANCEFAVORABLE !UNFAVORABLE}
$ 1590965400 $ 15 909,654 00 $
1,686,618 00
804,858 00
215 431 00
148 487 39
$ 17,811,703 00 $ 16,862,999 39 $
000 -881,760 00
-66 943 61
-948 703 61
0 00
10264726
102 647 26
$ t781170300$ 16 965,646 65 $ ____:::84::,6c.;0::.::5:.::6..::3:::.5
EXPENDITURES
Personal Servces Regular Operabng Expenses Travel Motor Vehicle Purchases Equipment Computer Charges Real Estate Rentals T elecommun1cations Per Dem and Fees
$ 15,092,924 00 $ 14,033 174 04 $
794 879 00
743,107 33
463,030 00
402 709 47
130,632 00
13125068
68,401 00
10 590 00
225,768 00
224,558 92
560 884 00
560 684 00
383,143 00
364,907 03
92 042 00
43 495 30
1 059 749 96 51,771 67 60 320 53 -61868 5781100 1 209 OB 200 00 18,235 97 48 546 70
s_ _ $ 17 81170300 $ 1s 514,476 11
.:.1,::;29::.:1_,2:;:2:.::6..:2=-3
Excess of Funds Avaiable over Expendrtures
451 169 88 _ _ _4;;;;5~1:,.1;.6;;;9.::8;;.8
-2-
DEPARTMENT OF INSURANCE RECONCILIATION OF SALARIES
YEAR ENDED JUNE 30. 2002
Total per Annual Supplement
Accruals June 30, 2001 June 30. 2002
EXHIBIT "C"
$ 10.565,489 56 -7,797 98 14 461 12
$ 10,572,152 70
-3-
SECTION II AUDITEE'S RESPONSE TO PRIOR YEAR FINDINGS AND QUESTIONED COSTS
DEPARTMENT OF INSURANCE AUDITEE'S RESPONSE
SUMMARY SCHEDULE OF PRIOR YEAR FINDINGS AND QUESTIONED COSTS YEAR ENDED JUNE 30, 2002
PRIOR YEAR FINANCIAL STATEMENT FINDINGS AND QUESTIONED COSTS
FINDING CONTROL NUMBER AND STATUS
FS-408-01-01
Previously Reported Correctlve Action Implemented
FS-408-01-02
Previously Reported Corrective Action Implemented
FS-408-01-03
Previously Reported Corrective Actlon Implemented