Audit report, Ocmulgee Regional Library, Eastman, Georgia, year ended June 30, 1999

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AUDIT REPORT OCMULGEE REGIONAL LIBRARY
EASTMAN, GEORGIA YEAR ENDED JUNE 30, 1999 ~---~ ~-------~---_/
STATE OF GEORGIA DEPARTMENT OF AUDITS AND ACCOUNTS
254 WASHINGTON STREET
ATLANTA, GEORGIA 30334-8400

OCMULGEE REGIONAL LffiRARY - TABLE OF CONTENTS -

SECTION I

FINANCIAL

INDEPENDENT AUDITOR'S COMBINED REPORT ON GENERAL PURPOSE FINANCIAL STATEMENTS AND SUPPLEMENTARY INFORMATION

EXHIBITS

GENERAL PURPOSE FINANCIAL STATEMENTS

COMBINED STATEMENTS - OVERVIEW

A

COMBINED BALANCE SHEET

ALL FUND TYPES AND ACCOUNT GROUP

2

B

COMBINED STATEMENT OF REVENUES, EXPENDITURES AND

CHANGES IN FUND BALANCES

ALL GOVERNMENTAL FUND TYPES

3

C

STATEMENT OF REVENUES, EXPENDITURES AND

CHANGES IN FUND BALANCES - BUDGET AND ACTUAL

GENERAL FUND

4

D NOTES TO THE GENERAL PURPOSE FINANCIAL STATEMENTS

5

ADDITIONAL FINANCIAL INFORMATION

SCHEDULES

SCHEDULE OF REVENUE

1

STATE

12

2

LOCAL

13

3 SCHEDULE OF SALARIES AND TRAVEL

14

SECTION II FINDINGS AND QUESTIONED COSTS SCHEDULE OF FINDINGS AND QUESTIONED COSTS

SECTION I FINANCIAL

RUSSELL W. HINTON
STATE AUDITOR
(404) 656-2174

DEPARTMENT OF AUDITS AND ACCOUNTS
254 Washington Street. S.w., Suite 214 Atlanta, Georgia 30334-X400
July 7, 2000

Honorable Roy E, Barnes, Governor Members of the General Assembly Members of the Board of Regents of the University System of Georgia
and Director and Members of the Ocmulgee Regional Library Board
INDEPENDENT AUDITOR'S COMBINED REPORT ON GENERAL PURPOSE
FINANCIAL STATEMENTS AND SUPPLEMENTARY INFORMATION
Ladies and Gentlemen:
We have audited the accompanying general purpose financial statements of the Ocmulgee Regional Library, as of and for the year ended June 30, 1999, as listed in the table of contents. These general purpose financial statements are the responsibility of the Ocmulgee Regional Library's management. Our responsibility is to express an opinion on these general purpose financial statements based on our audit.
We conducted our audit in accordance with generally accepted auditing standards. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the general purpose financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audit provides a reasonable basis for our opinion.
As described in the notes to the general purpose financial statements, the Library's financial statements have been prepared using a certain accounting practice and policy which, in our opinion, varies in some respects from generally accepted accounting principles. This variance is described as follows:
* The general purpose financial statements of the Library did not contain a General Fixed Assets
Account Group to account for property, equipment and inexhaustible collections and books owned by the Library which should be included to conform to generally accepted accounting principles.
The aggregate effects on the general purpose financial statements of this variance or omission have not been determined, but are believed to be material.
99ARL-42A

In our opinion, except for the effects on the general purpose financial statements of the matter referred to in the third paragraph, the general purpose financial statements referred to above present fairly, in all material respects, the financial position ofthe Ocmulgee Regional Library as ofJune 30,1999, and the results of its operations for the year then ended, in conformity with generally accepted accounting principles.
Our audit was performed for the purpose of forming an opinion on the general purpose financial statements of the Ocmulgee Regional Library taken as a whole. The accompanying financial schedules (Schedules 1 through 3), as listed in the table of contents, are presented for purposes of additional analysis and are not a required part ofthe general purpose financial statements. Such information has been subjected to the auditing procedures applied in the audit of the general purpose financial statements and in our opinion is fairly presented in all material respects in relation to the general purpose financial statements taken as a whole.
A copy of this report has been filed as a permanent record in the office of the State Auditor and made available to the press of the State, as provided for by Official Code of Georgia Annotated Section 50-6-24.
Respectfully submitted,

RWH:jb 99ARL-42A

R sell W. Hinton State Auditor

OCMULGEE REGIONAL LIBRARY

OCMULGEE REGIONAL LIBRARY COMBINED BALANCE SHEET
ALL FUND TYPES AND ACCOUNT GROUP JUNE 30, 1999

EXHIBIT "A"

Cash and Cash Equivalents
Amount to be Provided in Future Years For Payment of Compensated Absences

GOVERNMENTAL FUND TYPES

CAPITAL

GENERAL

PROJECTS

FUND

FUND

$

48,753.61 $

496,772.40

ACCOUNT GROUP
GENERAL LONG-TERM
DEBT

TOTALS

(Memorandum Only)

JUNE 30,1999

JUNE 30,1998

$

545,526.01 $

106,119.94

_ _ _ _ _ $ _ _1:.:::5",,6,..:.:19:.:::5,,-,.1;::..3

156,195,13

133,170.08

Total Assets

$

48,753.61 $

496,772.40 $

156,195.13 $

701,721.14 $ ===i2=3=o9,2;;;9=0=,0=2

LIABILITIES AND FUND EQUITY

LIABILITIES

Compensated Absences

FUND EQUITY

Fund Balances

Reserved

For State Capital Outlay Projects

Unreserved

Undesignated

$

Total Fund Equity

$

$
48,753.61
48,753.61 $

$
496,772.40 0.00
496,772.40

156,195.13 $

156,195.13 $

$

496,772.40

48,753.61 $

$

545,526.01 $

133,170.08
106,119.94 106,119.94

Total Liabilities and Fund Equity

$

48,753.61 $

496,772.40 $

156,195.13 $

701,721.14 $

239,290.02

The notes to the general purpose financial statements are an integral part of this statement. -2-

OCMULGEE REGIONAL LIBRARY COMBINED STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES
ALL GOVERNMENTAL FUND TYPES YEAR ENDED JUNE 30,1999

EXHIBIT "B"

REVENUES
State Funds Federal Funds Local Funds Other Funds
Total Revenues
EXPENDITURES
Current Public Services Technical Services Support Services Maintenance and Operation Infonnation Technology
Capital Outlay
Total Expenditures
Excess of Revenues over (under) Expenditures
FUND BALANCE JULY 1

GENERAL FUND

CAPITAL PROJECTS
FUND

TOTALS

(Memorandum Only)

YEAR ENDED

JUNE 30, 1999

JUNE 30,1998

$ 459,975.72 $ 500,000.00 $
164,840.55 21,263.57
$ 646,079.84 $ 500,000.00 $

959,975.72 $
164,840.55 21,263.57
1,146,079.84 $

534,568.02 55,100.00
154,917.55 1,818.13
746,403.70

$ 393,894.21
51,028.75 174,694.83
19,349.24 64,479.14
$

$
3,227.60

$ 703,446.17 $

3,227.60 $

$

-57,366.33 $ 496,772.40 $

106,119.94

0.00

393,894.21 $
51,028.75 174,694.83
19,349.24 64,479.14
3,227.60
706,673.77 $
439,406.07 $
106,119.94

288,878.10 48,862.30
305,261.82 28,252.94
671,255.16 75,148.54 30,971.40

FUND BALANCE JUNE 30

$

48,753.61 $ 496,772.40 $

545,526.01 $ ......====,.;,10,;;,;6~,1;.,;1~9.;;,94.;"

The notes to the general purpose financial statements are an integral part of this statement. -3-

OCMULGEE REGIONAL LIBRARY STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES
BUDGET AND ACTUAL GENERAL FUND
YEAR ENDED JUNE 30,1999

EXHIBIT"C"

REVENUES
State Funds Local Funds Other Funds
Total Revenues
EXPENDITURES
Current Public Services Technical Services Support Services Maintenance and Operation Information Technology
Total Expenditures
Excess of Revenues over (under) Expenditures
OTHER FINANCING SOURCES
Other Sources
Excess of Revenues and Other Financing Sources over (under) Expenditures
FUND BALANCE JULY 1, 1998
Adjustments
FUND BALANCE JUNE 30,1999

BUDGET

ACTUAL

$ 430,983.08 $ 73,584.92 8,916.67
$ 513,484.67 $

459,975.72 164,840.55 21,263.57
646,079.84

$ 378,744.72 $ 55,831.44 192,608.56 19,264.36 64,529.00
$ 710,978.08 $
$ -197,493.41 $

393,894.21 51,028.75 174,694.83 19,349.24 64,479.14
703,446.17
-57,366.33

102,515.41

$ -94,978.00 $ 57,479.60 37,498.40

-57,366.33 106,119.94

$

0.00 $ ==4==8,=75==3=.6=1

The notes to the general purpose financial statements are an integral part of this statement. -4-

OCMULGEE REGIONAL LIBRARY

EXHIBIT "D"

NOTES TO THE GENERAL PURPOSE FINANCIAL STATEMENTS

JUNE 30, 1999

Note I: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
REPORTING ENTITY
The Ocmulgee Regional Library (Library) operates pursuant to Official Code of Georgia Annotated Sections 20-5-40 through 20-5-59 to provide public library services with costs shared by participating local governmental agencies and grants from the State of Georgia. With the exception of the departure from generally accepted accounting principles disclosed in these notes, the financial statements of the Library have been prepared in conformity with generally accepted accounting principles as applied to governmental units and unless otherwise disclosed in these notes, the financial statements present all fund types and account groups of the Library.
The Library Board consists often members; two members appointed by the Bleckley County Library Board, two members appointed by the Dodge County Library Board, two members appointed by the Pulaski County Library Board, two members appointed by the Telfair County Library Board and two members appointed by the Wilcox County Library Board. The Library Board is without authority to determine the amount of its funding, except by submission ofbudget requests to local governmental units from which the Library receives support and to the State of Georgia for State and Federal funding. Membership in the Library and participation in library services is at the discretion of each participating governmental agency. The Library Board has the power to designate management, the power to retain unreserved fund balances of local and other funds for continued operations and is the lowest level of oversight responsibility for the Library's operations. The Ocmulgee Regional Library is therefore determined to be a joint venture.
FUND ACCOUNTING
The Library uses funds and an account group to report on its financial position and the results of its operations. Fund accounting is designed to demonstrate legal compliance and to aid financial management by segregating transactions related to certain governmental functions or activities.
A fund is a separate accounting entity with a self-balancing set of accounts. An account group is a financial reporting device designed to provide accountability for certain assets and liabilities that are not recorded in the funds because they do not directly affect expendable available financial resources.
General Fixed Assets, which includes the Library's inexhaustible collections and books, are recorded as expenditures in the various funds at the time of purchase. A General Fixed Assets Account Group is not presently maintained by the Library. To conform to generally accepted accounting principles, a General Fixed Assets Account Group should be maintained for reporting the cost of assets acquired by governmental fund types.
The general purpose financial statements account for all State, Local and Other funds under control of the Library, in compliance with generally accepted accounting principles applicable to governmental units, unless otherwise disclosed in these notes. Funds and the account group presented in this report are as follows:

-5-

OCMULGEE REGIONAL LIBRARY

EXHIBIT "D"

NOTES TO THE GENERAL PURPOSE FINANCIAL STATEMENTS

JUNE 30. 1999

Note 1: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
GOVERNMENTAL FUND TYPES - used to account for all or most of the Library's general activities. Governmental Fund Types include:
GENERAL FUND - the fund used to account for all financial resources of the Library except those required to be accounted for in another fund. These transactions relate to resources obtained and used for services provided by a Library.
CAPITAL PROJECTS FUND - the fund used to account for financial resources to be used for the acquisition or construction of major capital facilities.
ACCOUNT GROUP
GENERAL LONG-TERM DEBT ACCOUNT GROUP - used to account for compensated absences not appropriately accounted for and recorded in other fund types.
BASIS OF ACCOUNTING
The accounting and financial reporting treatment applied to a fund is determined by its measurement focus. All governmental funds are accounted for using a current financial resources measurement focus .. With this measurement focus, only current assets and current liabilities are generally included on the balance sheet. Operating statements of these funds present increases (i.e., revenues and other financing sources) and decreases (i.e., expenditures and other financing uses) in net current assets. Their reported fund balance is considered a measure of available spendable resources.
Liabilities which are expected to be financed from available spendable resources are reported as liabilities in the governmental funds. Other liabilities, which are not expected to be financed from available spendable resources, are reported in the General Long-Term Debt Account Group.
Governmental funds are accounted for using the modified accrual basis of accounting under which:
Revenues are recognized when susceptible to accrual (i.e., when they become both measurable and available). "Measurable" means the amount ofthe transaction can be determined and "available" means collectible within the current period or soon enough thereafter to be used to pay liabilities ofthe current period. Those revenues considered susceptible to accrual are intergovernmental grants and investment income.
Expenditures are generally recognized when the related fund liability is incurred.
BUDGET
The Ocmulgee Regional Library's budget is a complete financial plan for the Library's fiscal year and is based upon estimates of expenditures together with probable funding sources. There is no statutory prohibition regarding overexpenditure of the budget at any level. The budget for all governmental funds is prepared by
- 6-

OCMULGEE REGIONAL LIBRARY

EXHIBIT "D"

NOTES TO THE GENERAL PURPOSE FINANCIAL STATEMENTS

JUNE 30, 1999

Note 1: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
fund, function and object. The legal level of budget control was established by the Library at the aggregate level. The budget for governmental funds was prepared in accordance with generally accepted accounting principles.
The budget process begins when the Library's administration prepares a tentative aggregated budget for the Board's approval. After approval of this tentative budget by the Board, copies are sent to all local funding agencies. After funding approval is received from all local funding agencies, the Board makes revisions as necessary and adopts the budget. The budget is then submitted to the Board of Regents of the University System of Georgia as a part of the Library's annual application for State aid. The Board may increase or decrease the budget at any time during the year. All unexpended budget authority lapses at fiscal year end.
CASH AND CASH EQUIVALENTS
COMPOSITION OF DEPOSITS Cash and cash equivalents consist of deposits in authorized financial institutions. Georgia Laws authorize the Library to deposit its funds in one or more solvent banks, insured Federal savings and loan associations, or insured State chartered building and loan associations.
COMPENSATED ABSENCES
Compensated absences represent obligations of the Library relating to employees' rights to receive compensation for future absences based upon services already rendered. This obligation relates only to vesting accumulating leave in which payment is probable and can be reasonably estimated. No liability has been recorded in the individual funds for the current portion of this obligation as this amount is deemed immaterial to the general purpose financial statements.
INTERFUND TRANSACTIONS
The Library has the following type of interfund transactions:
Reimbursements of expenditures initially made from a fund that are properly applicable to another fund are recorded as expenditures in the reimbursing fund and as reductions of expenditures in the fund that is reimbursed.
MEMORANDUM ONLY - TOTAL COLUMNS
Total columns on the general purpose financial statements are captioned "Memorandum Only" to indicate that they are presented only to facilitate financial analysis. Data in these columns do not present financial position or results of operations in conformity with generally accepted accounting principles, nor is such data comparable to a consolidation. futerfund eliminations have not been made in the aggregation of this data.

-7-

OCMULGEE REGIONAL LIBRARY

EXHIBIT "D"

NOTES TO THE GENERAL PURPOSE FINANCIAL STATEMENTS

JUNE 30. 1999

Note 2: DEPOSITS

COLLATERALIZATION OF DEPOSITS

Official Code of Georgia Annotated (OCGA) Section 45-8-12 provides that there shall not be on deposit at

any time in any depository for a time longer than ten days a sum of money which has not been secured by

surety bond, by guarantee of insurance, or by collateral. The aggregate of the face value of such surety bond
and the market value of securities pledged shall be equal to not less than 11 percent ofthe public funds being

secured after the deduction ofthe amount of deposit insurance. OCGA Section 45-8-11 (b) provides an officer

holding public funds may, in his discretion, waive the requirement for security in the case of operating funds

placed in demand deposit checking accounts.

-

Acceptable security for deposits consists of anyone of or any combination of the following:

(1) Surety bond signed by a surety company duly qualified and authorized to transact business within the State of Georgia,

(2) Insurance on accounts provided by the Federal Deposit Insurance Corporation,

(3) Bonds, bills, notes, certificates of indebtedness or other direct obligations of the United States or of the State of Georgia,

(4) Bonds, bills, notes, certificates of indebtedness or other obligations of the counties or municipalities of the State of Georgia,

(5) Bonds of any public authority created by the laws ofthe State of Georgia, providing that the statute that created the authority authorized the use ofthe bonds for this purpose,

(6) Industrial revenue bonds and bonds of development authorities created by the laws of the State of Georgia, and

(7) Bonds, bills, notes, certificates of indebtedness, or other obligations of a subsidiary corporation of the United States government, which are fully guaranteed by the United States government both as to principal and interest or 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.

CATEGORIZATION OF DEPOSITS At June 30, 1999, the bank balances were $581,116.62. The amounts ofthe total bank balances are classified
into three categories of credit risk:

Category 1 - Cash that is insured (e.g., Federal depository insurance) or collateralized with securities held by the Library or by the Library's agent in the Library's name.

-8-

OCMULGEE REGIONAL LIBRARY

EXHIBIT "D"

NOTES TO THE GENERAL PURPOSE FINANCIAL STATEMENTS

JUNE 30, 1999

Note 2: DEPOSITS

Category 2 - Cash collateralized with securities held by the pledging financial institution's trust department or agent in the Library's name.
Category 3 - Uncollateralized deposits. (This includes any bank balance that is collateralized with securities held by the pledging financial institution, or by its trust department or agent but not in the Library's name.)

The Library's deposits are classified by risk category at June 30, 1999, as follows:

Risk Category

Bank Balance

1

$ 171,845.85

2

0.00

3

409,270.77

Total

$ 581.116.62

Note 3: RISK MANAGEMENT

The Library is exposed to various risks of loss related to torts; theft of, damage to, and destruction of assets; errors or omissions; job related illness or injuries to employees; natural disaster; and unemployment compensation.

The Library has obtained commercial insurance for risk of loss associated with torts, assets and job related illness or injuries to employees. The Library has neither significantly reduced coverage for these risks nor incurred losses (settlements) which exceeded the Library's insurance coverage in any of the past three years.

The Library has elected to self-insure for all losses related to natural disaster. In addition, the Library has elected to self-insure for errors or omissions, which includes, among other risks, risks for sexual harassment and discrimination. The Library has not experienced any losses related to these risks in the past three years,

The Library is self-insured with regard to unemployment compensation claims. The Library accounts for claims within the General Fund with expenditure and liability being reported when it is probable that a loss has occurred, and the amount ofthat loss can be reasonably estimated. The Library has not experienced any unemployment compensation claims during the last two years.

The Library has purchased a surety bond to provide additional insurance coverage as follows:

Position Covered Employee Blanket Bond

Amount $ 30,000.00

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OCMllLGEE REGIONAL LIBRARY

EXHIBIT "D"

NOTES TO THE GENERAL PURPOSE FINANCIAL STATEMENTS

JUNE 30, 1999

Note 4: GENERAL LONG-TERM DEBT

The changes in General Long-Tenn Debt during the fiscal year ended June 30, 1999, were as follows:

Compensated Absences

Balance July 1, 1998

$ 133,170.08

Additions Annual Leave Earned and Utilized (Net)

23,025.05

Balance June 30, 1999

$ 156.195.13

Note 5: ACCUMULATED EMPLOYEES' LEAVE

It is the Regional Library's policy to provide up to 20 days per year of vacation leave for the Director. All other full-time personnel earn up to 15 work days per year. All full-time professional employees of the Ocmulgee Regional Library system may accumulate a total ofninety (90) days annual/vacation leave. Special conditions may warrant additional accumulation of time. Each case will be handled on an individual basis. Employees will be paid for all accumulated, unused annual/vacation leave upon retirement or tennination from the system. See Note 1 - Compensated Absences

Note 6: RETIREMENT PLANS

TEACHERS RETIREMENT SYSTEM OF GEORGIA (TRS)

TRS PLAN DESCRIPTION Substantially all librarians and clerical personnel employed by regional and county libraries are covered by the Teachers Retirement System of Georgia (TRS), which is a cost-sharing multiple employer defined benefit pension plan. TRS provides service retirement, disability retirement and survivors benefits for its members in accordance with State statute. The Teachers Retirement System of Georgia issues a separate stand alone financial audit report and a copy can be obtained from the Georgia Department of Audits and Accounts.

TRS CONTRIBUTIONS REQUIRED AND MADE Employees ofthe Library who are covered by TRS are required by State statute to contribute 5% oftheir gross earnings to TRS. The Library makes monthly employer contributions to TRS at rates adopted by the TRS Board of Trustees in accordance with State statute and as advised by their independent actuary. The required employer contribution rate is 11.95% and employer contributions for the current fiscal year and the preceding two fiscal years are as follows:

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OCMULGEE REGIONAL LIBRARY

EXHIBIT "D"

NOTES TO THE GENERAL PURPOSE FINANCIAL STATEMENTS

JUNE 30. 1999

Note 6: RETIREMENT PLANS
Fiscal Year
1999 1998 1997

Percentage Contributed
100% 100% 100%

Required Contribution
$ 43,608.32 $ 43,743.51 $ 42,297.28

- 11 -

OCMULGEE REGIONAL LIBRARY SCHEDULE OF STATE REVENUE
YEAR ENDED JUNE 30,1999

SCHEDULE "1"

AGENCY/FUNDING

GOVERNMENTAL FUND TYPES

CAPITAL

GENERAL

PROJECTS

FUND

FUND

GRANTS

Board of Regents, University System of Georgia

Support and Maintenance Service for

Internet Development

$

56,000.00

$

Technical and Adult Education, Georgia Department of Public Libraries Salaries Travel Library Materials Maintenance and Operation

324,061.72 9,000.00
38,757.00 32,157.00

Georgia State Financing and Investment Commission Through Georgia Department of Technical and Adult Education Construction Project

------$

500,000.00

TOTAL
56,000.00
324,061.72 9,000.00
38,757.00 32,157.00
500,000.00

$

459,975.72 $ 500,000.00 $ 959,975.72

See notes to the general purpose financial statements.

- 12-

OCMULGEE REGIONAL LIBRARY SCHEDULE OF LOCAL REVENUE
YEAR ENDED JUNE 30. 1999
LOCAL SOURCES Boards of Education Bleckley County Dodge County Telfair County Wilcox County City Governments Cochran Eastman County Governments Boards of Commissioners Bleckley Dodge Telfair Wilcox Public Libraries Bleckley County Dodge County Pulaski County Telfair County Wilcox County

SCHEDULE "2"

GOVERNMENTAL FUND TYPE GENERAL FUND

$

1,500.00

15,295.44

5,562.00

3,161.64

5,718.36 10,755.20

5,718.36 13,500.00
5,862.00 5,345.28
42,957.42 12,488.12 10,900.00 20,382.89
5,693.84

$

164,840.55

See notes to the general purpose financial statements.

- 13-

OCMULGEE REGIONAL LIBRARY SCHEDULE OF SALARIES AND TRAVEL
YEAR ENDED JUNE 30, 1999

SCHEDULE "3"

NAME
Durr, Flowers, Harrell, Harris, Holder, Holland, Hudgens, Johnson, Kelly, Kersey, Kersey, Morgan, Noles, Papel, Richards, Sellers, Webster, Whigham, Wilson, Wilson, Wright, Yawn,

Betty J. Johnny Lewis E. Judy A. JimmyJ. Candace Kathryn C. Nell C. Karly Evelyn J. Stephanie D. Harris Jr. Emily Sue Katrina E. Stephen F. Barbara Amelia John S. David C. Heather Kathy Jessica O.

TITLE CATEGORY
Assistant Director Custodian Audio-Visual Librarian Clerk Extension Services Clerk Clerk Branch Manager Clerk Branch Manager Clerk Technical Service Librarian Administrative Assistant Clerk Circulation Librarian Branch Manager Clerk Assistant Director Director Clerk Assistant Branch Director Clerk

SALARIES

TRAVEL

$

26,231.08 $

12,608.04

44,551.20

247.20

9,774.54

350.20

2,781.00

5,148.00

445.48

8,285.40

4,078.80

44,551.20

17,559.96

1,771.62

51,744.10

19,321.68

777.65

50,272.10

77,844.10

3,751.78

12,932.88

3,830.34

41.00 1,507.45
1,442.00 1,106.75 2,960.31 1,942.49

Totals per Report

$

398,858.35 $===9=r,'O=:0=0=.0=0

See notes to the general purpose financial statements.

- 14-

SECTION II FINDINGS AND QUESTIONED COSTS

OCMULGEE REGIONAL LIBRARY SCHEDULE OF FINDINGS AND QUESTIONED COSTS
YEAR ENDED JUNE 30, 1999
PRIOR YEAR
AUDIT FOLLOW-UP/RESOLUTION Inadequate Separation of Duties Financial Statements Finding Resolved Finding Control Number: 6452-93-01
The audit report for the year ended June 30, 1998, stated that the internal control procedures of the Library did not provide for adequate separation of duties in the performance of accounting functions and related procedures. In the year under review, procedures were implemented to strengthen the internal control over the accounting functions.
PRIOR YEAR/CURRENT YEAR
GENERAL FIXED ASSETS Failure to Maintain General Fixed Assets Account Group Finding Control Number: 6452-93-02
The audit report for the year ended June 30, 1998 noted that the Ocmulgee Regional Library did not maintain a system-wide General Fixed Assets Account Group within the formal accounting records as required by generally accepted accounting principles. For the year under review the Library did not establish a General Fixed Assets Account Group within the accounting system. This condition was a result of management's decision not to maintain the account group and results in the general purpose financial statements of the Library being incomplete and not in accordance with generally accepted accounting principles. Appropriate action should be taken by the Library to establish accounting controls and procedures to provide for maintenance of a General Fixed Assets Account Group. These subsidiary records should include an inventory of land, buildings, equipment and inexhaustible collections and books owned by the Library and should include, but may not be limited to, date acquired, acquisition cost, estimated replacement cost, location and description. Detailed records should be maintained of all additions and deletions to the General Fixed Assets Account Group.