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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-