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PUBLIC SERVICE COMMISSION MANAGEMENT REPORT -TABLE OF CONTENTS-
LETTER 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
DEPARTMENT OF AUDITS AND ACCOUNTS
254 Washington Street, S.W., Suite 214
w. RUSSELL
HINTON
STATE AUDITOR (404) 656-2174
Atlanta, Georgia 30334-8400
December 11, 2002
Honorable Sonny Perdue, Governor Members of the General Assembly of Georgia Members of the Public Service Commission
and Honorable Deborah K. Flannagan, Executive Director
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 Fmanc1al 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 the Public Service Commission Accordingly, the financial statements and compliance act1v1t1es of the Public Service Commission were examined to the extent 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 controls as required by the Single Audit Act Amendments of 1996.
This Management Report contains information pertinent to the financial and compliance activities of the Public Service Commission as of and for the year ended June 30, 2002. The particular information provided 1s enumerated in the Table of Contents.
This report is intended solely for the information and use of management of the State of Georgia and members of the Board and 1s not intended to be and should not be used by anyone other than these spec1f1ed parties.
Respectfully submitted,
~NW~~
~ I I W Hinton State Auditor
RWH.bg
SELECTED FINANCIAL INFORMATION
PUBLIC SERVICE COMMISSION 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 Prior Year's Accounts Payable Excess of Funds Available over Expenditures
Exh1b1t "B"
DEDUCTIONS
Unreserved Fund Balance (Surplus) Returned to Office of Treasury and Fiscal Services YearEndedJune30,2001
Adjustments to Prior Year's Accounts Receivable
Reserved Fund Balance earned Over from Prior Year as Funds Available
$
85,026 49
488,918 98
$ _ _ _.:::,57;..:3:.,,;,9=--4=-=5~4:.:...7
$
11,259 70
496,226 67
$ _ _ _.:::,50;;.;7_,_4...::8::..::6...::3~7
$
488,918 98
30,585.32
85,026 49
$ _ _ _.;:_60:,.4;.,.,5;_;3c.;.0..;.7.;c.9
FUND BALANCE - JUNE 30, 2002
$ =====47==6=,9==0==1==0=5
SUMMARY OF FUND BALANCE
Reserved Federal Financial Assistance
Surplus
$
151,993 15
324,907 90
$ ====4=76=,9=0==1==0~5
-1-
PUBLIC SERVICE COMMISSION SCHEDULE OF FUNDS AVAILABLE AND EXPENDITURES
COMPARED TO BUDGET BUDGET FUND
YEAR ENDED JUNE 30, 2002
EXHIBIT"B"
FUNDS AVAILABLE REVENUES
State A~ropnatIon Federal Revenues Other Revenues Retained
CARRY-OVER FROM PRIOR YEAR Transfer from Reserved Fund Balance
BUDGET
ACTUAL
VARIANCEFAVORABLE (UNFAVORABLE)
$
8,529,12800 $
8,529,128 00 $
419,620.00
488,569 40
10 182 00
10 182 66
$
8,958,930 00 $
9,027,880 06 $
0 00 68,949 40
0 66
68,950 06
0 00
85,026 49
85 026 49
$
8,958,930 00 $
9,112,906 55 $
153,976 55
EXPENDITURES
Personal Services Regular Operating Expenses Travel Motor Vehicle Purchases Equipment Computer Charges Real Estate Rentals TelecommunIcatIons Per Diem and Fees Contracts
$
6,176,96300 $
5,995,863 52 $
345,819 00
297,569 42
131,680.00
122,399.94
48,300 00
48,299 74
5,300 00
2,990 00
262,586 00
211,724 30
409,782 00
401,417 00
230,784 00
205,761 71
1,047,716 00
1,030,654 25
300,000 00
300,000 00
181,099 48 48,249 58 9,280 06 0 26 2,310 00 50,861 70 8,365 00 25,022 29 17,061 75 0 00
$
8,958,930.00 $
8,616,679 88 $
342,250 12
Excess of Funds Available over Expenditures
$
496,226 67 $
496,226 67
-2-