Management report, North Georgia Technical College, Clarkesville, Georgia, an organizational unit of the state of Georgia, year ended June 30, 2002

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NORTH GEORGIA TECHNICAL COLLEGE MANAGEMENT REPORT - TABLE OF CONTENTS -

LEITER OF TRANSMITTAL

SELECTED FINANCIAL INFORMATION

EXHIBITS

A ANALYSIS OF CHANGES IN FUND BALANCE

BUDGET FUND

B SCHEDULE OF FUNDS AVAILABLE AND EXPENDITURES

COMPARED TO BUDGET

BUDGET FUND

"A" DEPARTMENT OF TECHNICAL AND ADULT EDUCATION

2

C RECONCILIATION OF SALARIES AND TRAVEL

3

Rt''-!>ELL \V. H1N roN
STATE AUDITOR 1404) 656-2174

DEPARTl\fENT OF AUDITS AND ACCOUNTS
254 Wa~hmg1on S1rce1. S W. Su11c 214 A1lan1a. Georgia 30334-8400
October 1, 2002

Honorable Roy E. Barnes, Governor Members of the General Assembly of Georgia Members of the State Board of Technical and Adult Education Members of the Local Board of Directors
and Honorable Ruth Nichols, President North Georgia Technical College
Ladies and Gentlemen:
As part ofour audit ofthe statutory basis financial statements ofthe State ofGeorgia presented in the State of Georgia Report of the State Auditor, the 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 audit procedures at North Georgia Technical College. Accordingly, the financial statements and compliance activities ofNorth Georgia Technical College were examined to the extent considered necessary in order to express an 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 North Georgia Technical College as of and for the year ended June 30, 2002. The particular information provided is enumerated in the Table of Contents.
This report is intended solely for the information and use ofmanagement and members ofthe Local Board of Directors of North Georgia Technical College and is not intended to be and should not be used by anyone other than these specified parties.

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SELECTED FINANCIAL INFORMATION

NORTH GEORGIA TECHNICAL COLLEGE ANALYSIS OF CHANGES IN FUND BALANCE
BUDGET FUND YEAR ENDED JUNE 30, 2002

EXHIBIT"A"

FUND BALANCE - JULY 1, 2001
Reserved Surplus
ADDITIONS
Adjustments to Pnor Year's Contracts and Accounts Payable Excess of Funds Available over Expenditures
Exh1b1t "B"
DEDUCTIONS
Unreserved Fund Balance (Surplus) Returned to Georgia Department ofTechnical and Adult Education - Admm1strat1ve Central Office Year Ended June 30, 2001
Adjustments to Pnor Year's Accounts Receivable
Refunds to Granters Federal Financial Assistance Georgia Department of Technical and Adult Education - Admm1strative Central Office Other
Reserved Fund Balance earned Over from Prior Year as Funds Available

"All
DEPARTMENT OF TECHNICAL AND ADULT EDUCATION

11911
LOTTERY FOR EDUCATION

$

39,12738

3 201 80 $

475 94

$

42 329 18 $

475 94

$

2,992 09 $

2,838 78

74 744 80

$

77 736 89 $

2,838 78

$

3,201 80 $

475 94

32849

333 68 3 29

31 204 54

$

35 071 80 $

475 94

FUND BALANCE - JUNE 30, 2002

$

84,994 27 $===2=,8=3=8=7=8

SUMMARY OF FUND BALANCE Reserved Federal F1nanc1al Assistance For Refund to Granter Agency Georgia Department of Technical and Adult Education - Admm1strat1ve Central Office Other lnventones Live Work ProJects Local Grants and Contracts
Surplus
- 1-

$

165 31

4 26

50,035 25

26,924 15

4 383 71

$

81,51268

3 481 59 $

2,838 78

$

84 994 27 $===2=,8=3=8=7==8

NORTH GEORGIA TECHNICAL COLLEGE SCHEDULE OF FUNDS AVAILABLE AND EXPENDITURES
COMPARED TO BUDGET BUDGET FUND
"A" DEPARTMENT OF TECHNICAL AND ADULT EDUCATION YEAR ENDED JUNE 30, 2002

EXHIBIT"B"

FUNDS AVAILABLE REVENUES
State Appropnat1on Federal Revenues Other Revenues Retained
CARRY-OVER FROM PRIOR YEAR Transfer from Reserved Fund Balance
EXPENDITURES Personal Services-Institutions Operating Expenses-Institutions Capital Outlay Adult Literacy Grants
Excess of Funds Available over Expenditures

BUDGET

ACTUAL

VARIANCEFAVORABLE (UNFAVORABLE)

$ 8,465,664 00 $ 8,465,664 00 $

1,442,012.00 1,065,077.89

3,581,067 81

3,376,542.97

$ 13,488,743.81 $ 12,907,284.86 $

0 00 -376,934.11 -204,524.84
-581,458 95

0 00

31,204 54

3120454

$ 13.488,743 81 $ 12,938.489 40 $ _ _ _-5_5_0'-,2_54_41_

$ 8,441,028.34 $ 8,262,012.85 $

3,918,140 47

3,489,673.17

269,762.00

255,522 65

859,813 00

856,535 93

179,015 49 428,467 30
14,239 35 3 277 07

$ 13,488,743 81 $ 12,863,744 60 $ _ _ _ 62_4__,;9,.;9,-9'--"2-=1-'-

$

74 744 80 $ ======7=4ae:7=4.;.4~8=0

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NORTH GEORGIA TECHNICAL COLLEGE RECONCILIATION OF SALARIES AND TRAVEL
YEAR ENDED JUNE 30, 2002

EXHIBIT "C"

Totals per Annual Supplement
Accruals June 30, 2001 June 30, 2002
Compensated Absences June 30, 2001 June 30, 2002
Agency Funds

SALARIES

TRAVEL

$ 7,134,496 36 $ 111,211.82

-11,692.23 14,436.29

-573,204.66 625,607.64

-1,523.00

$ 7,189,64340 $ 109,68882

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