Review report, Georgia Correctional Industries Administration, a component unit of the state of Georgia, year ended June 30, 1995

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STATE OF GEORGIA DEPARTMENT OF AUDITS
254 WASHINGTON STREET ATLANTA. GEORGIA 30334

REVIEW REPORT GEORGIA CORRECTIONAL INDUSTRIES ADMINISTRATION
A COMPONENT UNIT OF Tiffi STATE OF GEORGIA
YEAR ENDED JUNE 30, 1995

GEORGIA CORRECTIONAL INDUSTRIES ADMINISTRATION - TABLE OF CONTENTS -

INDEPENDENT ACCOUNTANT'S COMBINED REPORT ON REVIEW OF FINANCIAL STATEMENTS AND SUPPLEMENTARY INFORMATION

EXHIBITS

FINANCIAL STATEMENTS

A BALANCESHEET

ALL FUND TYPES

2

B STATEMENT OF REVENUES, EXPENSES, AND CHANGES IN

RETAINED EARNINGS

PROPRIETARY FUND TYPE- INTERNAL SERVICE FUND

3

C STATEMENT OF CASH FLOWS

PROPRIETARY FUND TYPE -INTERNAL SERVICE FUND

4

D NOTES TO THE FINANCIAL STATEMENTS

6

SUPPLEMENTARY INFORMATION

SCHEDULES

l CASH AND CASH EQUIVALENTS

20

2 SCHEDULE OF PROPERTY AND ACCUMULATED DEPRECIATION

21

3 SCHEDULE OF OPERATING EXPENSES BY OBJECT

22

4 RECONCILIATION OF PERSONAL SERVICES

23

5 SCHEDULE OF PERSONAL SERVICES AND TRAVEL

25

CLAUDE L. VICKERS
STATE AUDITOR (404) 6562174

DEPARTMENT OF AUDITS
254 Washington Street, S.W., Suite 214 Atlanta, Georgia 30334-8400
December 20, 1995

Honorable Zell Miller, Governor Members of the General Assembly of Georgia Members of the Board of Georgia Correctional Industries Administration Honorable J. Wayne Gamer, Commissioner Department ofCorrections
and Honorable Jim McConnell, Executive Director Georgia Correctional Industries Administration
INDEPENDENT ACCOUNTANT'S COMBINED REPORT ON REVIEW OF FINANCIAL STATEMENTS AND SUPPLEMENTARY INFORMATION
Ladies and Gentlemen:
We have reviewed the accompanying financial statements (Exhibits A through D) of the Georgia Correctional Industries Administration as of and for the year ended June 30, 1995, in accordance with Statements on Standards for Accounting and Review Services issued by the American Institute of Certified Public Accountants. All information included in these financial statements is the representation ofthe management of the Georgia Correctional Industries Administration.
A review consists principally of inquiries of agency personnel and analytical procedures applied to financial data. It is substantially less in scope than an audit in accordance with generally accepted auditing standards, the objective of which is the expression ofan opinion regarding the financial statements taken as a whole. Accordingly, we do not express such an opinion.
Based on our review, we are not aware of any material modifications that should be made to the accompanying financial statements in order for them to be in conformity with generally accepted accounting principles.
Our review was made for the purpose ofexpressing limited assurance that there were no material modifications that should be made to the financial statements in order for them to be in conformity with generally accepted accounting principles. The accompanying supplementary information (Schedules 1 through 5) is presented

95ARL-4X

only for supplementary analysis purposes. Such information has been subjected to the inquiries and analytical procedures applied in the review ofthe financial statements and we are not aware of any material modifications that should be made thereto.
Respectfully submitted,
c::t~~
Claude L. Vickers State Auditor
CLV:jy 95ARL-4X

FINANCIAL STATEMENTS -I-

GEORGIA CORRECTIONAi INDUSTRIES APL'INISTRATION BA.LANCE SHEET ALL FUNP JYPES JUNE30 1995

EXHIBIT "A"

~ cash and cash Equivalents (See Schedule)
Accounts Receivable CUslomer Accounts Insurance Claim Travel Advances
Prepaid Items
Inventories Raw Materials Work in Progress Finished Goods
FocedAssels Land Buildings Less: Accumulated Depreciation Equipment Less: Accumulated Depreciation

PROPRIETARY FUND TYPE

INTERNAL SERVICE FUND

JUNE30 1995

JUNE30 1994

$

1 478 124.69 $

$

2,042,759.79 $

2,594.44

5992.64

$

2 051 346.87 $

$

35446.90 $

$

3,680,472.61 $

615,954.54

3893136.46

$

8189 563.61 $

$

44,431.78$

7,450,014.17

2,248,413.56

11,611,181.56

6348203.52

$

10 509 010.45 $

2 740669.00
2,917,495.00 0.00
6451.00
2923946.00
34 650.00
3,703,633.00 734,791.00
2 536469.00
6974893.00
44,432.00 5,937,595.00 1,940,348.00 9,994,596.00 5522548.00
8513 727.00

TotalAssels

22 263 492.52 $

21187 885.00

LIABILITTES AND FUND EOUnY
Liabilities Accounts Payable
-nee& Payroll Withholdings
Compensated Notes Payable Deferred Revenue
Total Liabilities
Fund Equity Contributed capital Retained Earnings Undesignated
Total Fund Equity

$

694,649.67 $

43,085.20

627,315.84

1,200,000.00

689366.52

927,063.00 53,938.00
600,297.00 600,000.00
0.00

$

3254416.23 $

2181298.00

$

1,309,948.10 $

1,309,948.00

17 699128.19

17 696 639.00

$

19 009 076.29 $

19 006 587.00

Total Liabilities and Fund Equity
See Independent Accountant's Combined Report on Review of Financial Statements and Supplementary Information. The notes to the financial statements are an integral part of this statement.
-2-

$

22 263 492.52 $

21187 885.00

GEORGIA CORRECTIONAL INDUSTRIES ADMINISTRATION STATEMENT OF REVENUES EXPENSES AND CHANGES IN RETAINED EARNINGS
PROPRIETARY FUND TYPE - INTERNAL SERVICE FUND YEAR ENDED JUNE 30 1995

EXBIHIT "B"

OPERATING REVENUES
Sales (Net) Less: Cost of Goods Sold
Gross Profit on Sales
OPERATING EXPENSES
Personal Services Regular Operating Expenses Travel Computer Charges Telecommunications Per Diem, Fees and Contracts Depreciation
Total Operating Expenses
Operating Income (Loss)
NONOPERATING REVENUES (!;21;PENSES)
Contracts - Department of Corrections Interest Income Interest Expense Gain/(Loss) on Disposal of Fixed Assets Rental Income Sale of Scrap Metal Other Sales
Total Nonoperating Revenue (Expenses)
Net Income
RETAINED EARNINGS - JULY 1

TOTALS

YEAR ENDED

JUNE 30, 1995

JUNE 30, 1994

$

23,912,575.84 $

26,845,735.00

14,815,367.14

15,790,973.00

$

9,097,208.70 $

11,054,762.00

$

7,247,967.08 $

6,354,446.00

544,488.68

229,612.00

182,842.35

159,737.00

3,926.71

10,520.00

161,575.68

124,969.00

54,229.34

38,288.00

1,323,019.99

1,217,584.00

$

9,518,049.83 $

8,135,156.00

$

-420,841.13 $

2,919,606.00

$

183,969.97 $

66,457.00

112,086.89

67,142.00

-25,069.78

0.00

6,448.46

-39,954.00

32,400.00

129,214.00

80,489.20

102,044.00

33,005.59

101,974.00

$

423,330.33 $

426,877.00

$

2,489.20$

3,346,483.00

17,696,638.99

14,350,156.00

RETAINED EARNINGS - JUNE 30

$

17,699,128.19 $

17,696,639.00

See Independent Accountant's Combined Report on Review of Financial Statements and Supplemental)' Information.
The notes to the financial statements are an integral part of this statement. -3-

GEORGIA CORRECTIONAL INDUSTRIES ADMINISTRATION STATEMENT OF CASH FLOWS
PROPRIETARY FUND TYPE - INTERNAL SERVICE FUND YEAR ENDED JUNE 30 1995

EXHIBIT"C"

CASH FLOWS FROM OPERATING ACTMTIES
Cash Received from Customers Cash Paid to Vendors and Employees
Net Cash Provided by Operating Activities
CASH FLOWS FROM NONCAPITAL FINANCING ACTMTIES
Contracts - Department of Corrections Rental Income Sale of Scrap other Sales
Net Cash Provided by Noncap~al Financing Activities
CASH FLOWS FROM CAPITAL AND RELATED FINANCING ACTIVITIES
Acquisition of Cap~I Assets (Net) Interest Paid on Notes Principal Payments on Note Proceeds from Notes Payable
Net Cash Used for Cap~I and Related Financing Activities
CASH FLOWS FROM INVESTING ACTIVITIES
Interest on Cash and Cash Equivalents
NET DECREASE IN CASH AND CASH EQUIVALENTS
CASH AND CASH EQUIVALENTS JULY 1 1994

$

24,787,311.05

-23,754,882.34

$ _ _.:.;1,;:.03;:;::2:,.,4:,:2::,:8c:..71;..

$

183,969.97

32,400.00

80,48920

33,005.59

$ _ ____::32:::9:.,:,8:,:64::!;.:.:..76::..

$

-3,311,855.31

-25,069.78

-300,000.00

900,000.00

$ ---=-2'-'-,7cc3cc6ic,9;::2c::;5.:.::;0;::_9

$ -----'-1.:..:12:.,.;,0:.::8~6.:;:;89::..

$

-1,262,544.73

2,740,669.42

CASH AND CASH EQUIVALENTS JUNE 30 1995

$ ===-1.!:47;.;8;i;.1~2,;,;4,;;;69;,,

See Independent Accountant's Combined Report on Review of Financial Statements and Supplementary Information.
The notes to the financial statements are an integral part of this statement.
-4-

GEORGIA CORRECTIONAL INDUSTRIES ADMINISTRATION STATEMENT OF CASH FLOWS
PROPRIETARY FUND TYPE - INTERNAL SERVICE FUND YEAR ENDED JUNE 30 1995

EXHIBIT"C"

RECONCILIATION OF OPERATING INCOME TO NET CASH PROVIDED BY OPERATING ACTIVITIES

Operating Loss

$ _ _ _-4_2_0~,84~1-~13~

Adjustments to Reconcile Operating Loss to Net Cash Provided by Operating Activities: Depreciation Expense Change in Assets and Liabilities: Decrease in Accounts Receivable Increase in Prepaid Items Increase in Inventories Increase in Compensated Absences Decrease in Payroll Withholdings Increase in Deferred Revenue Decrease in Accounts Payable

$

1,323,019.99

872,599.13 -796.90
-1.214,670.61 27,018.84 -10,852.80
689,366.52 -232,414.33

Total Adjustments

$ _ _ _1~,4_5_3~,2_6_9._84~

Net Cash Provided by Operating Activities

$ ===1.,,,0=32..,4=2=8=.7=1

DISCLOSURE OF ACCOUNTING POLICY
For the purposes of the statement of cash flows, all demand deposits, savings accounts, and funds on deposit with the Office of Treasury and Fiscal Services are considered to be cash equivalents.

See Independent Accountant's Combined Report on Review of Financial Statements and Supplementary Information.
The notes to the financial statements are an integral part of this statement.
-5-

GEORGIA CORRECTIONAL INDUSTRIES ADMINISTRATION NOTES TO THE FINANCIAL STATEMENTS JUNE 30 1995

EXHIBIT "D"

NOTE 1: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
REPORTING ENTITY The Georgia Correctional Industries Administration is an instrumentality ofthe State of Georgia, and a public corporation. Board members ofthe Georgia Department ofCorrections also serve as the Board ofthe Georgia Correctional Industries Administration. Objectives of the Administration are to reduce the cost of State government by utilizing the inmate workforce to manufacture products and provide services; to create correctional work programs; and to provide industrial work and training for inmates. The Georgia Correctional Industries Administration is considered a component unit ofthe State of Georgia and is included within the State ofGeorgia reporting entity for financial reporting purposes because of the significance of its legal, operational and financial relationship with the State of Georgia. These reporting entity relationships are defined in Section 2100 of the Government Accounting Standards Board Codification of Governmental Accounting and Financial Reporting Standards.
FUND ACCOUNTING The Administration uses a fund, which is an accounting entity with a self-balancing set of accounts, to report on its financial position and the results of its operations. This report presents the Proprietary Fund Type Internal Service Fund, which is used to account for the financing of goods or services provided by one department or agency to other departments or agencies ofthe governmental unit, or to other governmental units, on a cost-reimbursement basis.
BASIS OF ACCOUNTING MEASUREMENT FOCUS
The accounting and financial reporting treatment applied to a fund is determined by its measurement focus. Proprietary fund types should be accounted for on a flow of economic resources measurement focus. With this measurement focus, all assets and all liabilities are included on the balance sheet. Operating statements of these funds present increases, (i.e., revenues) and decreases, (i.e., expenses) in net total assets. This measurement focus emphasizes the determination of net income.
PROPRIETARY FUND TYPE INTERNAL SERVICE FUND
The Georgia Correctional Industries Administration maintains its Internal Service Fund on the accrual basis of accounting. Under the accrual basis of accounting, revenues are recognized in the accounting period in which they are earned, and expenses are recognized when incurred.
BUDGET The Georgia Correctional Industries Administration is not required to prepare a formal budget subject to review and approval by a governing body. A nonappropriated operations budget is prepared for internal purposes only.

-6-

GEORGIA CORRECTIONAL INDUSTRIES ADMINISTRATION EXHIBIT "D" NOTES TO THE FINANCIAL STATE:MENTS JUNE 30 1995
NOTE 1: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
CASH AND CASH EQUIVALENTS Cash and Cash Equivalents include demand deposits with banks and other financial institutions and cash management pools that have the general characteristics ofdemand deposit accounts in that the Administration may deposit additional cash at any time and also may withdraw cash at any time without prior notice or penalty.
INVESTMENTS The Georgia Correctional Industries Administration participates in an investment pool managed by the State of Georgia's Office of Treasury and Fiscal Services (OTFS) referred to as the "Georgia Fund l ". The Administration does not have any risk exposure from investments in Georgia Fund 1 as the investment policy ofOTFS does not provide for investments in derivatives or similar investments through the Georgia Fund I.
PREPAID ITEMS Payments made to vendors for services that will benefit periods beyond June 30, 1995, are recorded as prepaid items.
INVENTORIES Except for inventories ofthe chemical plant, all inventories are valued at weighted average cost on the Balance Sheet. Inventories of the chemical plant are valued using the standard cost method. Periodic physical inventory methods were used to account for inventories at all facilities.
FIXED ASSETS All purchased fixed assets are valued at cost where historical records are available and at an estimated historical cost where no historical records exist. Donated fixed assets are recorded at fair market value on the date donated and disposals are deleted at recorded cost. Depreciation ofall exhaustible fixed assets used by the Proprietary Fund Type - Internal Service Fund is charged as an expense against its operations. Accumulated depreciation is reported on the Balance Sheet. Depreciation is computed over the estimated useful life of the property using the straight-line method.
COMPENSATED ABSENCES Compensated absences represent obligations of the Administration relating to employee's rights to receive compensation for future absences based upon services already rendered. This obligation relates only to vesting accumulating annual leave in which payment is probable and can be reasonably estimated. Funds to cover the cost of annual leave paid to terminated employees are provided through Internal Service Fund operations. Annual leave is recorded as an expense ofthe Internal Service Fund as earned.
LONG-TERM OBLIGATIONS In accordance with generally accepted accounting principles, long-term obligations are recorded as liabilities of proprietary fund types (See Note 3).
-7-

GEORGIA CORRECTIONAL INDUSTRIES ADMINISTRATION NOTES TO THE FINANCIAL STATEMENTS JUNE 30 1995

ExmBIT "D"

NOTE 1: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
FUND EQUITY Fund equity is segregated into contributed capital and retained earnings components. Contributed capital represents amounts contributed to Georgia Correctional Industries Administration by the State of Georgia.
COMPARATIVE DATA Comparative total data for the prior year have been presented in selected sections of the accompanying financial statements in order to provide an understanding of the changes in the Administration's financial position and operations. Comparative totals have not been included on statements where their inclusion would
not provide enhanced understanding of the Administration's financial position and operations or would cause the statements to be unduly complex and difficult to understand.
NOTE 2: CUSTODIAL CREDIT RISKS OF CASH DEPOSITS AND INVESTMENTS
STATE OF GEORGIA COLLATERALIZATION STATUTES AND POLICIES Funds of the State ofGeorgia cannot be placed in a depository paying interest longer than ten days without the depository providing a surety bond to the State. In lieu of a surety bond, the depository may pledge as collateral any one or more ofthe following securities as enumerated in the Official Code of Georgia Annotated Section 50-17-59:
(1) Bonds, bills, certificates of indebtedness, notes, or other direct obligations ofthe United States or ofthe State of Georgia.
(2) Bonds, bills, certificates ofindebtedness, notes, or other obligations of the counties or municipalities ofthe State of Georgia.
(3) Bonds ofany public authority created by the laws ofthe State of Georgia, providing that the statute that created the authority authorized the use of the bonds for this purpose.
(4) Industrial revenue bonds and bonds of development authorities created by the laws of the State of Georgia.
(5) Bonds, bills, certificates of indebtedness, notes, or other obligations ofa subsidiary corporation of the United States government, which are fully guaranteed by the United States government both as to principal and interest, and debt obligations issued by the Federal Land Bank, the Federal Home Loan Bank, the Federal Intermediate Credit Bank, the Central Bank for Cooperatives, the Farm Credit Banks, the Federal Home Loan Mortgage Association, and the Federal National Mortgage Association.
(6) Guarantee or insurance of accounts provided by the Federal Deposit Insurance Corporation.

- 8-

GEORGIA CORRECTIONAL INDUSTRIES ADMINISTRATION NOTES TO THE FINANCIAL STATEMENTS RJNE30 1995

EXHIBIT "D"

NOTE 2: CUSTODIAL CREDIT RISKS OF CASH DEPOSITS AND INVESTMENTS

STATE OF GEORGIA COLLATERALIZATION STATUTES AND POLICIES As authorized in the Official Code ofGeorgia Annotated Section 50-17-53, the State Depository Board has adopted policies which allow agencies ofthe State ofGeorgia the option ofexempting demand deposits from the collateral requirements.

CATEGORIZATION OF DEPOSITS For purposes of analysis of custodial credit risk, cash deposits consist of all bank balances which include demand deposits and/or interest bearing accounts. The bank balances as of June 30, I995, are categorized below in order to provide information about the extent to which such deposits are exposed to custodial credit risk.

Category I - Amounts covered by depository insurance or collateralized with securities (at market value) held by the Administration or by its agent in the Administration's name.

Category 2 - Amounts collateralized with securities (at market value) held by the pledging financial institution's trust department or agent in the Administration's name.

Category 3 - Amounts collateralized with securities (at market value) held by the pledging financial institution or by its trust department or agent, but not in the Administration's name, and amounts uncollateralized.

Cash Deposits

Carrying Amount

Bank
RaJances

S 6%42563 ~ 1]7705956

Risk Categories 2
1oo ooo oo s_ _""'o""oo"' s I 011 059 56

CATEGORIZATION OF INVESTMENTS Investments are stated at cost. The carrying amount of the investment balance as ofJune 30, 1995, shown below is maintained in an investment pool by the Office ofTreasury and Fiscal Services and is not subject to risk categorization.

Type ofInvestment

Carrying Amount

Market Value

State Investment Pool

$ 781 699 06 $ 781 699 06

-9-

GEORGIA CORRECTIONAL INDUSTRIES ADMINISTRATION NOTES TO THE FINANCIAL STATEMENTS JUNE30 1995

EXHIBIT "D"

NOTE 3: LONG-TERM DEBT

NOTES PAYABLE

During fiscal year 1994, the Georgia Correctional Industries Administration entered into a promissory note

with NationsBank of Georgia, N.A., dated June 30, 1994, for $600,000.00 to provide operating capital for

the acquisition of furniture and other improvements at manufacturing facilities. At June 30, 1995, the

outstanding balance on this loan was $300,000.00.



During the year under review, the Administration entered into a promissory note with NationsBank of Georgia, N.A., dated February 1, 1995, for the same purpose as described above. Under the terms ofthis agreement, the Administration may borrow, in increments of one hundred thousand dollars ($100,000.00), up to a maximum of$1,700,000.00. The revolving feature of this note terminates on November 30, 1995, and the loan amount outstanding at that date shall become fixed. As of June 30, 1995, the Administration had $900,000.00 outstanding on this loan.

Principal payments due on these notes by fiscal year are as follows:

Fiscal Year Ending June 30

Note Dated Note Dated June 30 1994 February 1 1995

Total

1996 1997 1998 1999-2003

$ 275,000.00 $ 25,000.00
$ 300 ooo oo $

141,666.70 $ 416,666.70 242,857.20 267,857.20 242,857.20 242,857.20 272 618.90 272 618.90
900 ooo oo $ I 200 ooo oo

Subsequent to June 30, 1995, the Administration borrowed the remaining $800,000.00 available on the above note dated February 1, 1995.

NOTE 4: CONTRIBUTED CAPITAL

Appropriated State funds remitted to the Georgia Correctional Industries Administration through the Georgia Department of Corrections and General Obligation Bond proceeds remitted to the Administration by the Georgia State Financing and Investment Commission are identified on Exhibit "A" of this report as contributed capital. There were no changes in contributed capital for the year ended June 30, 1995.

- 10 -

GEORGIA CORRECTIONAL INDUSTRIES ADMINISTRATION NOTES TO THE FINANCIAL STATEMENTS JUNE 30 1995

EXHIBIT "D"

NOTE 5: RELATED PARTIES
The Department ofCorrections and the Georgia Correctional Industries Administration are considered to be related parties due to certain common management personnel. The Board of Corrections constitutes, exofficio, the Georgia Correctional Industries Administration. In this capacity the Board has the power to perfect its own organization and to adopt such rules and bylaws as may be necessary for it to carry out its duties under Chapter 10, Correctional Industries of the Official Code of Georgia Annotated. In addition, the Commissioner ofthe Department of Corrections also serves as chief executive officer ofthe Administration.
NOTE 6: RISK MANAGEMENT
Public Entity Risk Pool
The State Personnel Board, Merit System ofPersonnel Administration internally administers for the State of Georgia a program of health benefits for the employees of units of government ofthe State of Georgia and units of county government and local education agencies located within the State of Georgia. This plan is funded by participants covered in the plan, by employers' contributions paid by the various units of government participating in the plan, and appropriations made by the General Assembly of Georgia. The State Personnel Board, Merit System of Personnel Administration has contracted with Blue Cross Blue Shield of Georgia to process claims in accordance with the State Employees' Health Benefit Plan as established by the State Personnel Board.
Other Risk Management
The Department ofAdministrative Seivices (DOAS) has the responsibility for the State of Georgia of making and carrying out decisions that will minimize the adverse effects of accidental losses that involve State government assets. The State believes it is more economical to manage its risks internally and set aside assets for claim settlement. Accordingly, DOAS services claims for risk of loss to which the State is exposed, including general liability, property and casualty, workers' compensation, unemployment compensation, and law enforcement officers' indemnification. Limited amounts of commercial insurance is purchased applicable to property, employee and automobile liability, fidelity and certain other risks. The Georgia Correctional Industries Administration is covered by the State of Georgia risk management program administered by DOAS. Premiums for the risk management program are charged to the state agencies by DOAS to provide claims servicing and claims payment.
NOTE 7: DEFERRED COMPENSATION PLAN
The State of Georgia offers its employees a deferred compensation plan in accordance with Internal Revenue Code Section 457. The plan, available to employees of the State of Georgia and county health departments, permits such employees to defer a portion oftheir salary until future years. Participation in the plan is optional. Participants choose the option or options in which they wish to participate. The deferred compensation is not available to employees until termination, retirement, death, or unforeseeable emergency. All amounts of compensation deferred under the plan, all property and rights purchased with those amounts, and all income attributable to those amounts, property, or rights are (until paid or made available to the employee or other
- 11 -

GEORGIA CORRECTIONAL INDUSTRIES ADMINISTRATION NOTES TO THE FINANCIAL STATEMENTS JUNE30 1995

EXIIlBIT "D"

NOTE 7: DEFERRED COMPENSATION PLAN
beneficiary) solely the property or rights of the State of Georgia subject only to the claims of the State's general creditors. Participant's rights under the plan are equal to those of a general creditor of the State of Georgia in an amount equal to the fair market value of the deferred account of each participant. Financial infonnation relative to the plan is presented in the financial report of the State Personnel Board - Merit System ofPersonnel Administration for the year ended June 30, 1995.
NOTES: RETIREMENTPLANS
EMPLOYEES' RETIREMENT SYSTEM OF GEORGIA
Plan Description The Georgia Correctional Industries Administration participates in the Employees' Retirement System of Georgia ("ERS"), a single-employer, defined benefit plan established by the General Assembly of Georgia for the purpose ofproviding retirement allowances for employees of the State of Georgia. The Administration's payroll for the year ended June 30, 1995, for employees covered by ERS was $4,952,133.75. The Administration's total payroll for all employees was $5,323,200.43.
Benefits The benefit structure ofERS was significantly modified on July I, 1982. Unless elected otherwise, an employee who currently maintains membership with ERS based upon State employment that started prior to July 1, 1982, is an "old plan" member subject to the plan provisions in effect prior to July 1, 1982. All other members are "new plan" members subject to the modified plan provisions.
Members become vested after 10 years of creditable service. A member may retire and receive normal retirement benefits after completion of 10 years of creditable service and attainment of age 65. Retirement benefits paid to members are based upon a formula which considers the monthly average of the member's highest eight consecutive calendar quarters of salary, the number of years of creditable service, and the member's age at retirement. Postretirement cost-of-living adjustments are also made to member's benefits. The normal retirement pension is payable monthly for life; however, options are available for distribution of the member's monthly pension at reduced rates to a designated beneficiary upon the member's death. Death and disability benefits are also available through ERS. If IO years of service is completed and age 60 is reached, the member may retire with a reduced benefit. Additionally, there are certain provisions allowing for retirement after 30 years of service regardless of age.
Contributions Required and Contributions Made Under the old plan, member contributions consist of employee contributions paid by the employee of 1.25% of annual compensation and 4. 75% of annual compensation paid by the Administration on behalf of the employee. Under the new plan, member contributions consist solely of 1.25% of annual compensation paid by employee. The Administration also is required to contribute at a specified percentage of active member

- 12 -

GEORGIA CORRECTIONAL INDUSTRIES ADMINISTRATION NOTES TO THE FINANCIAL STATEMENTS JUNE30 1995

EXHIBIT "D"

NOTES: RETIREMENTPLANS

EMPLOYEES' RETIREMENT SYSTEM OF GEORGIA

Contributions Required and Contributions Made payroll determined annually by actuarial valuation. For the year ended June 30, 1995, the ERS employer contribution rate for the Administration amounted to 15.18% of covered payroll and included the 4.75% contributed on behalf of the employee referred to above. Contributions are also made on amounts paid for accumulated leave of retiring employees.

Total contributions to the plan made during fiscal year 1995 amounted to $813,414.57, ofwhich $751,510.52 was made by the Administration and $61,904.05 was made by employees. These contributions met the requirements of the plan.

Funding Status and Progress Pension Benefit Obligation
The amount shown as the "pension benefit obligation" is a standardized disclosure measure of the present value ofpension benefits, adjusted for the effects of projected salary increases and step-rate benefits, estimated to be payable in the future as a result of employee service to date. The measure is intended to help users assess the funding status ofERS on the going-concern basis, assess progress made in accumulating sufficient assets to pay benefits when due and make comparisons among employers. The measure is the actuarial present value of credited projected benefits, and is independent ofthe funding method used to determine contributions to the plan.

The pension benefit obligation was computed as part of an actuarial valuation performed as of June 30, 1994. Significant actuarial assumptions used in the valuation include the following:

1) The present value offuture pension benefits paid was computed using a discounted rate of 7.5 percent. This rate is also the same rate assumed to be earned on investments in the plan in future years.

2) Future pension payments reflect the following assumed salary increases as a result of inflation and merit increases:

Age

Percentage

20

9.5%

25

8.5%

30

6.5%

35

6.0%

40 to 65

5.7%

- 13 -

GEORGIA CORRECTIONAL INDUSTRIES ADMINISTRATION NOTES TO THE FINANCIAL STATEMENTS JUNE 30 1995

EXIIlBIT "D"

NOTES: RETIREMENTPLANS

EMPLOYEES' RETIREMENT SYSTEM OF GEORGIA

Funding Status and Progress Pension Benefit Obligation

3) ERS has the authority to grant cost-of-living adjustments by state statute. As of June 30, 1994, cost-ofliving adjustments have been included in the pension benefit obligation.

The total unfunded pension benefit obligation ofERS as ofJune 30, 1994, was $310,149,000, as follows:

Pension Benefit Obligation:

Retirees and Beneficiaries Currently Receiving Benefits and Terminated Employees Entitled to Benefits but Not Yet Receiving Benefits

$ 2,227,653,000

Current Employees

Accumulated Contributions

648,516,000

Employer-Financed Vested

1,085,190,000

Employer-Financed Nonvested

1 206 805 000

Total Pension Benefit Obligation

$5,168,164,000

Net Assets Available for Benefits

4 858 015 000

Unfunded Pension Benefit Obligation

$ 310 149 000

The measurement ofthe total pension benefit obligation is based on an actuarial valuation as ofJune 30, 1994. Net assets available for benefits were valued as of the same date. ERS does not make separate measurements of assets and pension benefit obligation for individual employers.

Funding Policy The ERS funding policy provides for periodic employer contributions at actuarially determined rates that, expressed as percentages of annual payroll, are sufficient to accumulate sufficient assets to pay benefits when due. Level percentage of payroll employer contribution rates are determined using the entry age funding method. ERS also uses the level percentage of payroll method to amortize the unfunded liability within approximately 20 years following the valuation date.

- 14 -

GEORGIA CORRECTIONAL INDUSTRIES ADMINISTRATION NOTES TO THE FINANCIAL STATEMENTS JUNE 30 1995

EXHIBIT "D"

NOTES: RETIREMENTPLANS
EMPLOYEES' RETIREMENT SYSTEM OF GEORGIA
Funding Status and Progress Funding Policy
Total contnbutions from all employers to ERS for the year ended June 30, 1995, were $256,624,679.00. The Administration's contribution was actuarially determined and represented 0.29% of total contributions made by all participating employers.
Significant actuarial assumptions used to compute contributions are the same as those used to compute the standardized measure of pension obligation.
Trend Information Historical trend information is presented in the financial report ofERS for the year ended June 30, 1995. This information gives an indication of the progress made in accumulating sufficient assets to pay benefits when due.
GEORGIA DEFINED CONTRIBUTION PLAN
Plan Description The Georgia Correctional Industries Administration participates in the Georgia Defined Contribution Plan ("GDCP") which is a single-employer defined contribution plan established by the Georgia General Assembly in July 1993 for the purpose of providing retirement coverage for State employees who are temporary, seasonal, and part-time and are not members ofa public retirement or pension system. GDCP is administered by the Employees' Retirement System Board of Trustees. The Administration's payroll for the year ended June 30, 1995, for employees covered by GDCP was $16,268.00. The Administration's total payroll for all employees was $5,323,200.43.
Benefits A member may retire and elect to receive periodic payments after attainment ofage 65. The payment will be based upon mortality tables and interest assumptions to be adopted by the Board. If a member has less than $ 3,500 credit to his/her account, the Board has the option ofrequiring a lump sum distribution to the member in lieu of making periodic payments. Upon the death of a member, a lump sum distribution equaling the amount credited to his/her account will be paid to the member's designated beneficiary.
Contributions and Vesting Member contributions are seven and one-half percent (7.5%) of gross salary. There are no employer contnbutions. Earnings are credited to each member's account in a manner established by the Board. Upon termination ofemployment, the amount of the member's account is refundable upon request by the member.

- 15 -

GEORGIA CORRECTIONAL INDUSTRIES ADMINISTRATION
NOTES TO THE FINANCIAL STATEMENTS
JUNE 30 1995

EXIIlBIT "D"

NOTES: RETIREMENTPLANS
GEORGIA DEFINED CONTRIBUTION PLAN
Contributions and Vesting Total contributions made by employees during fiscal year 1995 amounted to $1,220.10 which represents 7.5% of covered payroll. These contributions met the requirements ofthe plan.
NOTE 9: LEAVE POLICIES
Employees earn ten hours of sick leave each month with a maximum accumulation of ninety days. Unused accumulated sick leave does not vest with the employee and is forfeited upon retirement or termination of employment.
Employees earn annual leave ranging from ten to fourteen hours each month depending upon the employees' length ofcontinuous State service with a maximum accumulation of forty five days. Employees are paid for unused accumulated annual leave upon retirement or termination of employment. See Note 1 - Compensated Absences.
Certain employees who retire with one hundred and twenty days or more offorfeited annual and sick leave are entitled to additional service credit in the Employees' Retirement System of Georgia.
NOTE 10: CONTINGENCIES
Litigation, claims and assessments filed against the Georgia Correctional Industries Administration, if any, are generally considered to be actions against the State of Georgia. Pursuant to the Official Code of Georgia Annotated, the Department of Administrative Services maintains a program of purchased insurance and selfinsurance which provides coverage for such litigation, claims and assessments. Accordingly, significant litigation, claims and assessments pending against the State of Georgia are disclosed in the State of Georgia Comprehensive Annual Financial Report for the fiscal year ended June 30, 1995.
NOTE 11: BONDING INFORMATION
The Executive Director and all employees ofthe Georgia Correctional Industries Administration are bonded under a Public Employees Blanket Bond written by Employers Insurance ofWausau, their Bond No. 1450-00110723, on which the premium was paid to October 1, 1995. Under this agreement the Public Employee Dishonesty Coverage insures the Administration to a maximum of $1,000,000.00 against loss sustained through fraudulent or dishonest acts by its employees. The Faithful Performance ofDuty Coverage insures the Administration to a maximum of$1,000,000.00 against loss sustained from failure of its employees to perform faithfully their duties or to account properly for all monies and property received by virtue of their position or employment.

- 16 -

GEORGIA CORRECTIONAL INDUSTRIES ADMINISTRATION NOTES TO THE FINANCIAL STATEMENTS JUNE 30 1995

EXIIlBIT "D"

NOTE 11: BONDING INFORMATION
All employees ofthe Georgia Correctional Industries Administration are also bonded under Commercial Crime Policies written by the United States Fire Insurance Company, their Policy Nos. 626 012292 6 and 626 012294 4, on which premiums were paid to October 1, 1995. Under these additional public employee dishonesty coverages, the policies insure the Administration to a maximum of $9,000,000.00 against loss sustained through fraudulent or dishonest acts by its employees.

- 17 -

~)

>-, U\)I C

I

I Cl

SUPPLEMENTARY INFORMATION 19-

GEORGIA CORRECTIONAL INDUSTRIES ADMINISTRATION CASH AND CASH EQUIVALENTS JUNE30 1995

SCHEDULE 1

NONINTEREST BEARING ACCOUNTS NationsBank of Georgia , NA, Atlanta, Georgia
INTEREST BEARING ACCOUNT Funds on Deposit with Office of Treasury and FISCIII Services - State Investment Pool

$

696,425.63

781,699.06 $ ==1..4..7.8.=,1=2=4=.6=9

See accompanying notes and Independent Accountant's Combined Report on Review of Financial Statements and Supplementary Information.
-20-

GEORGIA CORRECTIONAL INDUSTRll;S ADMINISTRATION SCHEDULE OF PROPERTY AND ACCUMULATED DEPRECIATION
YEAR ENDED JUNE 30 1995

SCHEDULE 7'

PROPERTY
Land
Buildings
Equipment Administratiwt Motor Vehicle Shop
Total Equipment

BALANCE JULY1, 1994

ADDITIONS

RETIREMENTS

BALANCE JUNE 30, 1995

$

44,431.78$

0.00 $

$

5,937,594.86 $ 1,512,419.31 $

0.00 $ 0.00 $

44,431.78 7,450.014.17

$

1,574,928.08 $

117,905.72 $

17,531.96$

1,675,301.84

1,426,116.41

89,266.00

116,611.63

1,398,TT0.78

6,993,551.54

1,602,866.28

59,308.86

8,537,108.96

$

9,994,596.03 $ 1,810,038.00$

193,452.45 $

11,611,181.58

Total Property

$

15 976 622.67 $ 3 322,457.31 $

193 452.45 $

19105,627.53

ACCUMULATED DEPRECIATION
Buildings
Equipment Administrative Motor Vehicle Shop
Total Equipment

1,940,348.00 $

308,065.56 $

0.00 $

2,248,413.56

$

871,423.00 $

161,638.02 $

17,255.28$

1,015,805.74

852,790.00

186,987.02

116,611.63

923,165.39

3,798,335.00

667,172.24

56,274.85

4,409,232.39

$

5,522,548.00 $ 1,015,797.28$

190,141.76 $

6,348,203.52

Total Accumulated Depreciation

$

7,462,896.00 $ 1,323,B62.84 $

190,141.76$

8596617.08

See accompanying notes and Independent Accoun1ant's Combined Report on Review of Financial Statemen1s and Supplementary lnfonnation.
-21-

GEORGIA CORRECTIONAL INDUSTRIES ADMINISTRATION SCHEDULE OF OPERATING EXPENSES BY OBJECT YEAR ENDED JUNE 30 1995

SCHEDULE "3"

PERSONAL SERVICES
Salaries and Wages Employer's Conbibulion for:
F.I.C.A. Retirement Health Insurance Personal Liability Insurance Unemployment Compensation Insurance Workers' Compensation Insurance
REGULAR OPERATING EXPENSES
Motor Vehicle Expense Supplies and Materials Repairs and Maintenance Utilities Rents {Other than Real Estate) Insurance and Bonding
Other Operating Expenses c>
Publications and Printing
COMPUTER CHARGES
Other Costs Supplies and Materials
TELECOMMUNICATIONS
PER DIEM FEES AND CONTRACTS
Per Diem and Fees
DEPRECIATION

$

5,360,495.10

382,164.75 788,475.18 663,558.05
29,992.00 4,718.00
18,564.00$

7,247,967.08

$

147,450.83

1,084,494.39

474,701.43

314,420.28

26,334.38

41,798.10

-1,640,354.78

95,644.05

544,488.68 182,842.35

3,926.71 161,575.68
54,229.34 1,323,019.99

Total Operating Expenses Includes $-2,022,219.41 for factory overhead absorbed.

$ =::,;;9.;;,5,;,;18;;.,04=9;;;.8;;.3

See accompanying notes and Independent Accountant's Combined Report on Review of Financial Statements and Supplementary Information.
-22-

GEORGIA CORRECTIONAL INDUSTRIES ADMINISTRATION RECONCILIATION OF PERSONAL SERVICES YEAR ENDED JUNE 30 1995

SCHEDULE 4

Total Salaries per Schedule 5
Adjustments Compensated Absences Expense

PERSONAL SERVICES

$

5,323,200.43

37,294.67

Total per Report

$ ===5.,.,36=0=,4=9=5=.1=0

See accompanying notes and Independent Accountant's Combined Report on Review of Financial Statements and Supplementary Information.
-23-

ht
>i\X'Oj Q

SCHEDULE "5" SCHEDULE OF PERSONAL SERVICES AND TRAVEL
- 25 -

STATE OF GEORGIA

NAME

POSITION

ADAMS, JEFl"l!RY HOWARD ADAMS,LYMAN S ALEXANDl!:R,C DALE ALLl!N,DAVJD K
-- --- . ALU!N,OllVl!R JAMES
ALLEN, T llDDNl!Y
ANDfU!WS, BARBARA ANN ATklNS,MILTON L JR AVANS, RANDY J BARKER,IIILLY GERALD IIARllDN,GERALD -~- , , ___ g,. ---111!:LCHER,EDCAR CLINTON BLANTON,ELAINE CROZIER IIOALCH,IARRY S IIOATRIGHT, ALl!X IIONNl!R, EDWARD DEWEY SR
oWEN:Guv 0- "'
OYO, THOMAS LAMAR OYl!TT,EARL W RACl!WELL,OMAlt Ll!INl!lt
BltAOOV, Rl!NT
IIM:101.1:'-:,0,"'11.H"CI. BROWN ,ANN k BROWN,RDONl!Y
YRD,MARkLEY
CALLAWAY,JAMES D II CARAWAY, DANil!L 1.A.-- ,-ACL CASTEEN, l!DWARO L CLARK,l!OGAR J CLOWER,OAYID ALDN:ZO JR COLLINS,JOSl!PH Y CDLSON,MAltILYN C
CDDk,THOMAS-
COPELAND ,WENDELL D CRAFT,Wl!DRl!L JRl!LL CURL,RONALD JAY C:Zl!:RNEY, CATHERINE
----,~---LL DANlf:L,JOHN DAVIS ,JERRY C OEFLORIA,LAWRl!NCI! l DINKINS,KIMIIU!RLY JO
OIXON,~:NNIE ~L

DUNSON,JERDME PATltlCK
DURHAM, JAMl!S E DYl!:R,HARltY EVANS, WAL Tl!R THOMAS 11 I FARLEY ,Kl!NNETH L
USun,.,,.., L

FERRONl!,CATHl!RINE A Fll!LDS,ELSIE A P'OUNTAIN,RICHARD CLAXTON

l"RANKLIN,MICKl!Y L
.........., FUTCH,JEAN H

GARNTO, JOSl!:PH N JR

GAY,MICHAEL GLENN
GIBISS, l!!Yl!ltLY

GIISBS,MARCIA M GI ISDN, JOHN THOMAS JR

...wsK -- GOLDMAN, WI LL 1AM GRAYES,CHARLl!S T

GRIFFIN,JACK W

GRDOVER,DAYIO ALAN

GROYE,11:0B!"RT E JR

s.



HAMILTON,MITCHl!LL RAY

HAMPTON, Tl!RRY L

HANSON, LELAND JOSl!!PH

HARRIS, JAMI!$ D

HARRIS, 11:DISl!RT It

R,S,W

.,

HAWKINS, CHARLES RICHARD

Hl!!ATH,MARILVN HE INRI CH, CHARLES HOWELL HELTON,RDNALD LAMAR HENOl!!RSON, JOSEPH l!DWARD HESS,., .. ,,.,

HILL,SHELTON L JR HINES,ANN 8

HOGG,JOHN T JR

HOWARD,ARNDLD DEWAYNE

HOWARD,HUGHLAND JR

~~~:~:G:; HUBBA,.O, ..ANKL,,. ;~:A:~;H~Rll

JOHNSON,BETTY JEAN JOHNSON,PAMELA

JONES, HARRY LACY

JONcS,JE .. RY J JONES,MARGARET D

JONES,N GREG

JORDAN,DDNALO 8

KEENE,KENNETH KENNEDY ,DANIEL GRADY

Ki:;NNEO ,,10HN F SHEM

KENT,RDNNIE DONALD

KICKLIGHTER, LYNN ANKS KING,WILLJAM B

KIRKPATRJCK,8 GENE

KITTRELL.DELMA

SUPl!llVISOR I I DATA ENTRY CLERK I I MARKETING MANAGER SUPl!RYISDR II SALES MANAGER
11 SUPERVISOR II
SUPl!RVISDR PLANT MANAGl!lt
;~=~:v~:::l~I! Rl!PRl!Sl!NTATIVE II
--- ... ---
SUPERVISOR II TltAl"l'"IC MANAGER UYl!R MARkl!TlNG SPl!CIALIST SUPl!ltVlSOlt I It
f'AC:1LITY MANAGER-11
SUPl!RVISDR II SUPl!RVISDR II SUPl!RVISDR I I I
--- --- SALl!S Rl!PRl!Sl!!NTATJVE
ENGINl!ER ENGINl!ERING AIDE SUPl!:RVISOlt II MOTOR TRANSPORT OPERATOR RECEPTIONIST

MARKl!TING SPECIALIST SYSTEMS SPECIALIST
11 SUPl!RYISOR II
SUPERVISOR II SUPERVISOR

SUPl!!RYISOR I SUPERVISOR II
:~:::v1:~:1~R PRODUCTION CONTROL ASSISTANT II
~!:~=~g~:~~;~: ~:~R
SUPERVISOR III SUPl!AVISOR I

SUPl!RYISOR SUPERVISOR SUPERVISOR SUPER'IJSOR SUPl!RVISOR

Ill I J I J JI I I II

giE~g;~A~~:=~ ::
SUPl!"RYISOR II I SUPl!RVI SOR I I I

TIME MOS. 12.00 12.00 12.00
,!:!~ .
9,66
....
12,00 * 12,00 *
a.so 12,00 ~2 ::: :
:r:~ * 12,00 * 7,15 =
Iii: 10.00
lrn l
12.00 *

PERSONAL SERVICES

17,382,0&
3:J, 178.SO 25,766,00
s.:ua,so
20,375.00
... 24,aos.:u
""'-
28,476,00 11,724, 74 25,766,00 21,759,00 27,929 ,00
28,944,00 2a. 140,00
1a,22a.oo
31,064.00
.......... 28,231.09
, , 73,139.33

22,218.91

26,014.57

40,239 .ISO

24,242.23

8,473.82

JS,SDJ.S>O

20,974.11

27,761.00

20,202.00

25,402.00

25,022.90

14,.<i14,u0

44, 750,00

25,158.74

20,292.35

:Sl,:169,74

42,306.12

.11 ,oa8.00

3t ,3aa.oo

15,510.64

26,414.52

26,166.38

15, 102,62

14,

... o

76, 197,SO

19,897,75

2a,011.oo

3::;:::~~ 3,214.21

6,011,2S 16,302 ,00 11,&60.00 24,988.00
3,991,'73
,a,~... 4
4,112.44 31, 678,00 23,084,00 23,023.10 26,29!1.SO .. 4, , .. 6. 0
2,654.88 23,313.60 25,905 ,so 29,961,50 19,3S'7.43 ZZ,044.!;10 30,125.00 11,192.23 2!1,&59.SO 25,951.10
11,435.00 4, ao .......
31,413.2. 2s.2a7,so 21 ,455.SO 36,aa2.20 27,2'74,14
4, .... 3. 2 25,'712,50 20, 172,00 29,034,00 32,934 ,00
!l,443,81 ;.J5,Z08,0Q '76,214,02 , 170.00
1a,07a,so 43,s4a,oo 2a, 191,00
2.2 ...... 0 29,063,50
9,945 ,00 23,705, '71 20,aa&, To

2!:;~;:7~
24,5&7. &a 23,292,S0 42,306 ,92 30,359,00 20,062.50 22,414.7 45,223.00 1!1,444,00 21 ,902,81 22, 177,75 33,205.00

TRAVEL EXPENSE
543.33 ,o.....
s1T.a& 3,595-,17
1,0 5.0 4,929.13 2,0'71.17
594.'76 2aS,93 I a.a ..
so. 36
3,773.66
.::;~rn

STATE OF GEORGIA

NAME

POSITION

KNOWLl!S,CHARLES P KUMIN,LISA WHYTI!
LAl"AVDR,JOHN M LANl!,Gl!RALD C LANl!,RONALD l!UGl!NE LES J AK, GARY JOSl!PH

MANAGER l!NGINl!l!RING AIDE SUPl!RVISOR I I P'ACILITY MANAGl!!R I

LYNN,ViRGINIA

MAHAl"l"l!Y,RICHARD DEAN

MANNI NG, JUDY D

MARSHALL, LINDA W

: : : ~ : : : ; : : I"

N ~

MCCDNNELL,JAMl!S A

........... . MCCULLOUGH, AL TON
MCCULLOUGH,JACK N MITCHELL.SAM N

,

,

MDDNl!:Y, JOHN H

MOORE, THOMAS M

MDRRIS,OLIYJA W

MDSELl!Y, HAROLD I!

MDSl!Ll!Y,NATHANIEL WAYNE

l'IULL.. ,

L., "'

MURRAY ,ANN MARIi!

MURRAY ,MICHAEL A

NELSON, CHAllLl!NI! S

NOllTDN,VlCKIE LYNN

DXl!NDINE, JACKSON

~:;;;IC MANAGl!R TRAFl"IC MANAGER PRODUCTION CONTROL ASSISTANT I SUPERVISOR J JI CDMPUTl!R SERVICES ASSISTANT
SALES REPRESENTATIVE P'ACILITV MANAGER II PRODUCTION CONTROL ASSISTANT II SALES REPRESENTATIVE UTILITY WORKER II

PASSMORE, RHONDA PAUL, GRADY Pl!ACH, P'RANCES L PICKARD,RDYCE J PRICl!,ODUGLAS ARTHUR

DATA l!NTRY CLl!RK l I MOTOR TRANSPORT OPERATOR ACCOUNTING Tl!CHNIClAN DATA l!NTRY CLl!llK I I SUPl!RVISDR l l

PULLEN:YAN AL REARDON, THOMAS F REDDICK,M EDWARD REDDICK,ROlll!RT JR RICHARDSON, RDlll!RT J

LL"'"

._

RDDGl!RS, l!MMETT PERRY

ROGl!RS.Ll!D H

ROGl!llS. SUI! H

RDLAND,IIILLY GRAY

ROSS,l!RNEST

:.AJl0CK::O --

--~

SAND!:RS l!OWAllD E JR

SAPP, JAMl!:S AL TON

SAWY!:R,MARCELLA RUTH

SCHlLTZ,CHRlSTDPHl!R M

SEABROOKS, IIIAR9ARA

:.nAKP. uAWN "'

SHARPE.HOUSTON JR

SHIRLEY,JDEL L

SHUMAN, ROlll!RT E

: :~:~,.;~~=~N=~G~N~:L
N, --- .,...,Ksu11 "" SINGLl!:TARY .CHEYENNE SKDMP,IYRON KEITH SMITH,8 DALE SMITH,CLll"FORD M SMITH,LINOA M

STDNE,TRAc1E P ,.
STOVALL.CLYDE SWAIN,THl!RDN M TARPLEY ,JANICE C TAYLDR,ALMA J ,.,_,.,__ ,, - .,_,_ ANN
THOMPSON, CHARLES P THOMPSON, DANNY M THOMPSON, DON C THRASHER, l!DWI N GRAOY TILLEY.CHARLES l!!VANS

TOMBl!!RLIN ':sHElLEv,. $Ml TH

TUCKER, ROBERT CARROLL

TURNl!R,MDNTE LEI!

TURNl!R, ROGER C

UPSHAW, LARRY C

YAN

,_ .. ,,....... w

YAUGHN,WALTl!R G

WALOl!N, Gl!ORGI! S

WALLACl!,JAMES HOWARD

WAL Tl!RS, Pl!TERJOHN R

WILLIAMS,IIARIIARA J

W,L:.DN,- ,.., II.

WINTERS,GWENOOLYN A

WOMACK.LARRY T

WRIGHT,DAVID DEAN

WRIGHT, JENNIFER

WRIGHT,RALPH

YAWN,W>.SL>.Y R

YUNKER,DAN M

:~~!~!r!:~A~hl!R I I SUPl!RYISOR I SUPl!RVISOR II
SUPl!:RVISOR I SUPl!:RVISOR 111 COORDINATOR SUPl!:RVISOR II SUPl!RVISOR III
Siii-~Rv 1SOR ~ 1 I
.. SALl!S Rl!PRl!SENTATIVE
SECTION DIRl!CTOR MOTOR TRANSPORT OPERATOR SUPERVISOR I
SUPERVISOR 11 SUPERVISOR I SUPl!RYISDR I DPl!RATIONS DIVISION MANAGER SALES Rl!PRl!Sl!NTATIVE
SUPl!!RY ISOR I I I CUSTOMl!!R SERVICI!! Rl!!PRl!SENTATIVE PLANT MANACl!R
:~PiRv 1soR II I
SUPl!RVISOR II MOTOR TRANSPORT OPERATOR l'ACILITY MANAGER II SUPl!RYISDR I I I
SUPERVISOR I MARKETING SPECIALIST SUPERVISOR I I DESIGN ENGINEERING ASSOCIATE ACCOUNTING TECHNICIAN
ACCOUNTANT SUPERVISOR II FIELD SERVICE Rl!!PRESl!NTATIYE I CUSTOMER SERVICE REPRESENTATIVE PLANT MANAGER SU RY SOR SUPERVISOR II

,. NUMB>.R uN P ~-LL .,.,NE ,.o, !I~

TIME MOS.
12.00 10,29 10.09
a.so

PERSONAL SERVICES
37,147,00
1a, ,os.34
24,835.30 22,212.7S

ifg~
12,00 12.00
2.00 2.00 12.00
12.00 * 12.00 *
::: : 4.00
~;
12.00 3.00
12.00 12.00
tt 7.00 12.00
3.00
* 12.00
12,00
~r~"~ :.
I
12.00 2.50
12.00
* 1, ......... "'
11 .so
12.00 *
12,00 12.00
!;::: :
12.00 12.00 12.00
12.00 *
12,00 12,00
... 0 ,.
* 11 .so
12.00 *
12.00 ,. 12.00 ,.
* 12.00
12,00
12,00 *

1, .. ,0.00
!!::::::: 35,892.00
17,829 .oo
22,476.00 .. 2 ..... 0 ..... 28,820.37 88,228.oo 32, &33,86 35, 606,56 22,649 .oo
S,511 ,00 30.243,'50 20,522.00 32,302, 32
5,783,70
... , ,....... o
3::~~;::: 37,982,41
39,908.711 21,381 ,74 3&. 1.00 19,034,00
5,087,21 21,392.00 17,938.00
2s,119.o8 1 ,402 . 24,3'74,00 40,714,50 1,,os,.00 12,321.26
16.,.9.7..1....5.0.
27,061.00 s.s28.S8
21,461.50
42,;;;::;
2 ,518, 0 1 ,995,00
32,329 ,56 29.034,00
2!::i~::: 4,11t'i16.22 32,967.50 43,S02.64 63,2&9 .oo 11 ,764,00
9 ,77&.13 , llltllt,00
26,1149 ,70 20.435 .00
:~ ::!!:!: !i::;~:!!
34,736,00 18,868,0o
2'7,!12!1,00 J1 .,.. ,00 27,39&.oo 35,&76.&0 26,185.65 34,516.00 26,012.00 .i:4, a,oo 17,841.00 24,91.oo 33,775,80 28,561.31 33,2.4.00 ..... 280 ... 0 1.0'7.so 25.662.00
s.1&7.so 29,136.00 27,262.00 11, 6,, .. 25,542,00 24,270,00 2S,379 ,54
~~:!:~::~
2s,a a.oo 23,s11 ,oa

$5,323,200.43

TRAVEL EXPENSE
1,442.115
103,110 1 ,506,14
172.14 3.oo
206, 66 411. o
26,00 1,172,18 6,156,35
216.74 226 ,75 899.42 1,131.39 4,o;;:so 4,257.57 ,;ii4 .94
4,::2:6:.:0~0
323.50
1,102,116
2, 55!::~
1,310.86
$1&2, 842. 3S