Office of Treasury and Fiscal Services, report on audit of the financial statements for the fiscal year ended June 30, 2002

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OFFICE OF TREASURY AND FISCAL- SERVICES
-TABLE OF CONTENTS-

SECTION J

FINANCIAL

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

EXHIBITS

FINANCIAL STATEMENTS

A COMBINED BALANCE SHEET (STATUTORY BASIS)

ALL FUND TYPES

2

B COMBINED STATEMENT OF CHANGES IN FUND BALANCES

(STATUTORY BASIS)

GOVERNMENTAL FUND TYPES

4

STATEMENTS OF FUNDS AVAILABLE AND EXPENDITURES

C

BUDGET FUND

5

D

GENERAL FUND

6

E

DEBT SERVICE FUND

7

STATEMENTS OF FUNDS AVAILABLE AND EXPENDITURES

COMPARED TO BUDGET

BUDGET FUND

F

"A" STATE OF GEORGIA GENERAL OBLIGATION

DEBT SINKING FUND (ISSUED)

8

G

"B" STATE OF GEORGIA GENERAL OBLIGATION

DEBT SINKING FUND (NEW)

9

H

STATE OF GEORGIA GUARANTEED REVENUE

DEBT COMMON RESERVE FUND

10

NOTES TO THE FINANCIAL STATEMENTS

11

SUPPLEMENTARY INFORMATION

COMBINING AND INDIVIDUAL FUND STATEMENTS

BUDGET FUND

J

COMBINING BALANCE SHEET

32

K

COMBINING STATEMENT OF CHANGES IN FUND BALANCES 33

L

COMBINING STATEMENT OF FUNDS AVAILABLE AND

EXPENDITURES

34

M COMBINING STATEMENT OF CHANGES IN ASSETS AND LIABILITIES

FIDUCIARY FUND TYPE - AGENCY FUNDS

35

OFFICE OF TREASURY AND FISCAL SERVICES -TABLE OF CONTENTS-

SECTION I

FINANCIAL

SUPPLEMENTARY INFORMATION

SCHEDULES

SCHEDULES OF APPROVED BUDGET

BUDGET FUND

1

"A" STATE OF GEORGIA GENERAL OBLIGATION

DEBT SINKING FUND (ISSUED)

. 38

2

"B" STATE OF GEORGIA GENERAL OBLIGATION

DEBT SINKING FUND (NEW)

39

3 CASH AND CASH EQUIVALENTS

40

4 INVESTMENTS

41

5 SCHEDULE OF STATE REVENUE COLLECTIONS BY DEPARTMENTS

GENERAL FUND

43

6 ANALYSIS OF APPROPRIATION ALLOTMENTS

GENERAL FUND

44

7 RECONCILIATION OF SURPLUS LAPSED

GENERAL FUND

49

8 SCHEDULE OF BONDS OUTSTANDING

DEBT SERVICE FUND

50

9 SCHEDULE OF PRINCIPAL AND INTEREST EXPENDITURES ON

GENERAL OBLIGATION BONDS

DEBT SERVICE FUND

61

ANALYSIS OF PAYMENTS TO COUNTIES OF EARNINGS ON

FEDERAL LANDS

FIDUCIARY FUND TYPE - AGENCY FUNDS

10

PAYMENTS TO STATES IN LIEU OF REAL ESTATE TAXES 62

11

SCHOOLS AND ROADS - GRANTS TO STATES

63

OFFICE OF TREASURY AND FISCAL SERVICES -TABLE OF CONTENTS-

SECTION II

STATISTICAL SECTION

TEN YEAR HISTORICAL SUMMARY OF SELECTED FINANCIAL DATA - GENERAL FUND

UNRESERVED SURPLUS BALANCES

1

FUNDS AVAILABLE AND EXPENDITURES

2

REVENUE BY CATEGORY

4

APPROPRIATION ALLOTMENTS

8

SECTION III
COMPLIANCE AND INTERNAL CONTROL REPORT
REPORT ON COMPLIANCE AND ON INTERNAL CONTROL OVER FINANCIAL REPORTING BASED ON AN AUDIT OF FINANCIAL STATEMENTS PERFORMED IN ACCORDANCE WITH GOVERNMENT AUDITING STANDARDS

SECTION I FINANCIAL

DEPARTMENT OF AUDITS AND ACCOUNTS

254 Washington Street, S.W., Suite 214

RUSSELL W. Hll'OT01'
STATE AUDITOR (404) 656-2174

Atlanta, Georgia 30334-8400

September 20, 2002

Honorable Roy E. Barnes, Governor Members of the General Assembly of Georgia Members of the State Depository Board
and Honorable W. Daniel Ebersole, Director Office of Treasury and Fiscal Services
INDEPENDENT AUDITOR'S COMBINED REPORT ON FINANCIAL STATEMENTS AND SUPPLEMENTARY INFORMAnON
Ladles and Gentlemen:
We have audited the accompanying fmancial statements (Exhibits A through I) of the Office of Treasury and Fiscal Services, an organizational unit of the State of Georgia, as of and for the year ended June 30, 2002. These finanCial statements are the responsibility of the Office's management. Our responsibility is to express an opinion on these financial statements based on our audit.
We conducted our audit m accordance with auditing standards generally accepted in the United States of America and the standards applicable to fmancial audits contained in Government Audltmg Standards, issued by the Comptroller General of the United States. Those standards require that we plan and perform the audit to obtain reasonable asst'Tance about whether the fmancial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the fmancial 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 Note I, these financial statements were prepared on a prescribed basis of accounting that demonstrates compliance with the budgetary statutes and regulations of the State of Georgia, which is a comprehensive basis of accounting other than generally accepted accountmg principles.
In our opinion, the fmancial statements referred to above present fairly, m all material respects. the financial position (statutory basis) of the Office of Treasury and Fiscal Services, an organizational unit of the State of Georgia, as of June 30, 2002. and the results of Its operations (statutory basis) for the year then ended, on the basis of accounting described in Note I.
The financial statements referred to above, however, were not intended to nor do they present fairly, in conformity with accounting principles generally accepted in the United States of America, the financial position of the Office of Treasury and Fiscal Services, an organizational unn of the State of Georgia, as of June 30, 2002, and the results of its operations for the year then ended.

In accordance with Govemment Auditing Standards, we have also Issued a report dated September 20. 2002, on our consideration of the Office of Treasury and Fiscal ServIces' Internal control over financial reporting and on our tests of its compliance with certain provIsions of laws, regulations, contracts and grants. That report is an Integral part of an audit performed In accordance with Govemment Auditmg Standards and should be read In conjunction with this report considering the results of our audit.
Our audit was made for the purpose of forming an opinIon on the financial statements taken as a whole. The accompanying supplementary Information (Section I - Exhibits J through M and Schedules 1 through 11 and Section II - Statistical Section) IS presented for purposes of additional analysis and IS not a required part of the financial statements of the Office of Treasury and Fiscal Services, an organizational unrt of the State of Georgia Such Information has been SUbjected to the auditing procedures applied in the audit of the financial statements and. in our opinion, IS fairly presented in all matenal respects in relation to the financial statements taken as a whole
Respectfully submitted,
~~--k Russell W. Hinton, CPA, CGFM State Auditor
RWH:dp

FINANCIAL STATEMENTS - 1-

OFFICE OF TREASURY AND FISCAL SERVICES COMBINED BALANCE SHEET (STATUTORY BASIS)
ALL FUND TYPES JUNE 30, 2002

Cash and Cash EqUivalents (See Schedule)
Investments (See Schedule)
Accounts Receivable State Appropnabon
Total Assets
LIABILITIES AND FUND EaUITY
Liabilities Undrawn Appropnatlon Allotments Undistributed Sales Tax Undalmed Bonds and Interest Cash Overdraft Deferred Revenue Funds Held for Others
Total Llabilibes
Fund EqUity Fund Balances Reserved AppropnabOn to Department of Transportabon Midyear Adjustment Reserve Revenue Shortfall Reserve Dlscrebonary Revenue Shortfall Reserve For Debt Service For Lottery for Education Restneted Unrestneted For Old State Debt For Tobacco Settlement Funds For Guaranteed Revenue Debt Common Reserve Fund
Unreserved DeSignated For Homeowner Tax Relief Grants For 2003 Appropnatlons Undeslgnated SurplUS
Total Fund Equity
Total liabilities and Fund EqUity

GOVERNMENTAL FUND TYPES

BUDGET

GENERAL

DEBT SERVICE

$ 2.051,362.14910 $ 228.453.74971 2,318,540.752 97

S 228,453.74971

26.98000

$ 228.453.74971 S 4.369.929.88207 S 228,453,74971

$ S 181,278,144 71

2.026.191.53389 58.000.00000 547.65750
6.422.108 74

$

181 278.144 71 S 2,091.161,30013
1

S

9,946.63543

140,054.79208

420,164.37623

280,109.584 16

$ 228.453.74971

203,171.40249 162,319,87010
26,98000 184,129,53871

$ 47.175,60500

$ 47.175.60500 S 1,399,923.17920 $ 228.453.74971

249,000.000 00 455,654.21400

000

174,191.18874

000

$ 47,175.60500 $ 2.278,768,581 94 S 228.453.74971

$ 228.453.74971 S 4,369.929.88207 S 228.453.74971

Tne notes to the finanCIal statements are an Integral part of thiS statement
-2-

EXHIBIT "A"

FIDUCIARY FUND TYPE
AGENCY

TOTALS

(Memorandum Only)

JUNE 30, 2002

JUNE 30. 2001

$ 3,463,532,207 59 $ 4,340,691,886 39

5.743,348.10640 $ 6.659,232,639 36

7,903,165.15575 3,720,697,59224

228,480.729 71

135.280.944 20

$ 7,804,224,09398 S

12.631,061,475 47 $ ====11:;.7=5=9=.1=4.3.,.=:6=92:.=19=

$
$ 7,804,224.09398 $ 7,804,224.09398 $

2,026,191,53389 $ 58,000,00000 547,657.50
181,278,144 71 6,422,10874
7.804,224,09398
10.076,663.53882 $

2.424,735.50819 61,000.00000 497.65750 117,429,03920 20,945.381 15
6.533,063,364 45
9.157,670.95049

$

9,946,63543 $

140,054,79208

420.164,37623

280,109.584 16

228,453,74971

203,171,40249 162,319,87010
26,98000 184,129,53871

47,175.60500

$

1.675.552.533 91 $

249,000,000 00 455,654,21400

174,191,18874

$

2,554.397.93665 $

$ 7,804.224.093.98 S

12.631.061.47547 $

96,848,73086 146,889,878 03 440.669.634 10 293,779,75606 135,253,964 20
178.467,577 56 144.507,35751
26,98000 165.781,567.87
17.824,92500
1,620,050,371 19
166.000.00000 000
815.422,370 51
2.601,472,74170
11.759.143,69219

- 3-

OFFICE OF TREASURY AND FISCAL SERVICES

EXHIBIT "B"

COMBINED STATEMENT OF CHANGES IN FUND BALANCES (STATUTORY BASIS)

GOVERNMENTAL FUND TYPES

YEAR ENDED JUNE 30, 2002

BUDGET

GENERAL

DEBT SERVICE

TOTALS

(Memorandum Only)

YEAR ENDED

JUNE 30. 2002

JUNE 30. 2001

FUND BALANCES JULY 1

Reserved Unreserved
DeSIgnated Undeslgnated
Surplus

$ 17.824.92500 $ 1.466.971.481 99 $ 135.253.964 20 $ 1,620.050.371 19 $ 1,436.581.59939

166.000.000 00

166.000.000 00

166.000.000 00

815422.37051

815.422.37051

906,138.21441

$ 17.824,92500 $ 2.448.393.85250 $ 135.253.964 20 $ 2.601.472.741 70 $ 2.508.719.81380

ADDITIONS

Excess of Funds Available over ExpendItures ExhiM"C"
Excess of Funds AvaIlable and Other FinanCIng Sources over expenditures
Exhib~"E
Excess of Funds Available ol/er Allotments Exhlblt"D"

$ 49.202.65705

$ 49.202.65705 $

18.368.46312

$ 228.453.74971

228.453.74971

135.253.964 20

_____ $ 1.297.346.21143

1.297.346.21143 1.377.405.75878

$ 49.202.65705 $ 1.297.346.211.43 $ 228.453.74971 $ 1.575.002.61819 $ 1.531.028.18610

DEDUCTIONS

Unreserved Fund Balance (Surplus)

Returned to Office of Treasury

and F,scal SeMces (General Fund)

Year Ended June 30. 2001

$

Year Ended June 30. 2002

Adjustment for BraIn and Spinal InJury Trust Fund

Reserved Fund Balance earned Over

from Pnor Year as Funds Available

000

2.027.05205

$

000

17.824.92500 1.466.971.48199 $

$

000$

2.027.05205

000

135.253.964 20 1.620.050.371 19

543.53812 000
1.150.12069
1.436.581.599.39

$ 19.851.977 05 S 1.466.971.481 99 $ 135.253.964 20 S 1.622.077,42324 $ 1.438.275.258 20

FUND BALANCES JUNE 30

(To Exhlblt"Aj

$ 47.175.60500 $ 2.278.768.581 94 $ 228.453.74971 $ 2.554.397.93665 $ 2.601472.74170

The notes to the finanCial statements are an mtegral part of thiS statement
-4-

OFFICE OF TREASURY AND FISCAL SERVICES STATEMENT OF FUNDS AVAILABLE AND EXPENDITURES
BUDGET FUND YEAR ENDED JUNE 30, 2002

EXHIBIT"C"

FUNDS AVAILABLE
REVENUES
STATE APPROPRIATION General Appropnatlon Amended Appropnation
Total State Appropnation
OTHER REVENUES RETAINED Fiscal Year 2002 Appropnatlon Through Georgia Department of Transportation Interest Earned
Total Other Revenues Retained
Total Revenues
CARRY-OVER FROM PRIOR YEAR
Transfer from Reserved Fund Balance For Guaranteed Revenue Debt Common Reserve Fund
Total Funds Available

TOTALS YEAR ENDED JUNE 30, 2002 JUNE 30, 2001

$ 575,708,563.00 $ 526,706,72900 164.160,60000 103,163.09000
$ 739,869.16300 $ 629,869.819.00

S 30.632.850 00 $ 744.88205

000 543.53812

$ 31,377.73205 $ _.....;::;54~3::.::,5:;::3::::.8.:.:12:...

$ 771,246.89505 S 630,413.35712

17.824,92500 17.824,92500 S 789,071.82005 S 648.238,282.12

EXPENDITURES GENERAL OBLIGATION DEBT SINKING FUND
Transfer to Debt Service Fund Excess of Funds Available over Expenditures

$ 739,869,16300 $ 629,869.81900 49.202,657 05 18.368.463 12
$ 789.071.82005 $ 648.238.28212

The notes to the financial statements are an Integral part of thiS statement
- 5-

OFFICE OF TREASURY AND FISCAL SERVICES STATEMENT OF FUNDS AVAILABLE AND EXPENDITURES
GENERAL FUND YEAR ENDED JUNE 30, 2002

EXHIBIT"D"

FUNDS AVAILABLE
REVENUES
State Revenue Collecbons - Net (See Schedule) Federal Revenue
Energy, U S Department of Federal Energy Regulatory Commission Payments In Llf!u of Taxes Power Sales
Treasury, U S Department of Reimbursements for Cash Management Improvement Act
Other Revenues Retained Department of Communrty Health Indigent Care Trust Fund Georgia Lottery CorporatJon Lottery Proceeds Interest Earned Tobacco Settlement Funds Settlement ReceIved Interest Earned Vitamin Purchaser Settlement Agreement
Total Revenues
CARRY-OYER FROM PRIOR YEAR
Transfer from Reserved Fund Balances Appropnatlon to Department of Transportation Lottery for EducatIon MIdyear Adjustment Reserve Revenue Shortfall Reserve Discretionary Revenue Shortfall Reserve Old State Debt Tobacco Settlement Funds
Total Carry-Over from Pnor Year

TOTALS

YEAR ENDED

JUNE 30, 2002

JUNE 30. 2001

S 14,005.479,20778 S 14,688,987,80325

1,36980 69700

39,69149 1,154 00

199,846,89500

194,209,858 00

726,202,000 00 10,821,69345

691,672,000 00 27,865,57391

178,371,653 21 5,757,88458 000

153,875,11883 11,906,449 17 61,24432

S 15,126.481.40082 $ 15.768.618.892 97

S

96.848.73086 S

85,250,19475

322.974.93507

320.742.32897

146.889.878 03

137.819,37492

440.669,634 10

413,458,124 n

293.n9.756 06

137.819,37492

26,98000

26,98000

165.781.56787

205,626,31087

S 1.466.971.481 99 $ 1.300,742,68920

Total Funds Available

S 16.593,452,88281 $ 17,069.361.58217

EXPENDITURES
ALLOTMENTS LegIslatIve Appropnatlon to Spending Umts For F,scal Year Ended June 30 Less Current Year Funds Lapsed Net Appropnatlon - FIscal Year Ended June 30 Less Unreserved Fund Balance (SurplUS) Lapsed Net Allotments to Spending UMs
Excess of Funds Available over Allotments

$ 15.876.328.244 00 S 15,786.480.396 00

5.168.349 14

640.84225

S 15.871,159.894 86 $ 15.785,839,55375

575.053,22348

93.883.730 36

S 15,296,106,67138 $ 15,691.955.823 39

1,297.346.211 43 1.377.405.75878

The notes to the finanCial statements are an Integral part of thIS statement
-6-

S 16.593452.88281 S 17.069,361.58217

OFFICE OF TREASURY AND FISCAL SERVICES STATEMENT OF FUNDS AVAILABLE AND EXPENDITURES
DEBT SERVICE FUND YEAR ENDED JUNE 3D, 2002

EXHIBIT "En

FUNDS AVAILABLE
REVENUES
None Recorder.
CARRyOVER FROM PRIOR YEAR
Transfer from Reserved Fund Balance For Debt Service
Total Funds Available
EXPENDITURES
pEBT SERVICE
PrrnClpal Retired on Bonds Discount on Bonds Retired In Advance of Due Date Interest Cost on Bonds Accrued Interest on Bonds Rellred In Advance of Due Date
Total ExpendItures
Excess of ExpenditureS over Funds AvaIlable

TOTALS

YEAR ENDED

JUNE 30. 2002

JUNE 30. 2001

$

0.00 $

000

135.253.964 20

118.013.98519

$

135.253.964 20 $ _.....:.1~18::..0::..1:.:=3~.9::::8::.5..:.1.::..9

$ 449.200.00000 S -4.428.96670
317.159.377 49 1.002.341 53
$ 762.932.75232 $
S -627.678.788 12 S

395.515.00000 -14.773.28675 308.729.83999
696.47395
690.168.02719
-572.154.04200

OTHER FINANCING SOURCES
Operating Transfers In Budget Fund Georgoa State FInanCIng and Investment CommIssIon
T.otal Other FInanCIng Sources

$ 739.869.163 00 S 116.263.374 83

629.869.81900 77.538.18720

S 856.132.537 83 $_.....:.7.:::0:..7.:.::4.:::08:::,.;.:::00~6::.;2~0~

Excess of Funds Avaolable and Other FInanCing Sources over ExpendItures

$

228.453.749 71 $=~1;;;;35;;,;.~25~3;,;9;;;:6;;4~2~0

The notes to the financIal statements are an Integral part of thiS statement.
-7-

OFFICE OF TREASURY AND FISCAL SERVICES

EXHIBIT "F"

STATEMENT~OF FLlNDS~AVAILABLE AND EXPENDITURES

COMPARED TO BUDGET

BUDGET FUND "A" STATE OF GEORGIA GENERAL OBLIGATION DEBT SINKING FUND (ISSUED)

YEAR ENDED JUNE 3D, 2002

FUNDS AVAILABLE REVENUES
State Appropnation

BUDGET

ACTUAL

VARIANCE FAVORABLE (UNFAVORABLE)

$ 606.127.26300 $ 606.127,263.00 $

-...;;O...;;O~O

EXPENDITURES General Obligation Debt Sinking Fund
Excess of Funds Available over ExpendItures

$ 606.127.26300 $ 606.127.263 00 $

-...;;O...;;O~O

$

o00 $===~O~O~O

The notes to the financial statements are an mtegral part of this statement
- 8-

OFFICE OF TREASURY AND FISCAL SERVICES

EXHIBIT "G"

STATEMENT OF FUNDS AVAILABLE AND EXPENDITURES

COMPARED TO BUDGET

BUDGET FUND "B" STATE OF GEORGIA GENERAL OBLIGATION DEBT SINKING FUND (NEW)
YEAR ENDED JUNE 30, 2002

FUNDS AVAILABLE REVENUES
State Appropriation

BUDGET

ACTUAL

VARIANCEFAVORABLE (UNFAVORABLE)

$ 133.741.90000 $ 133,741,900 00 $

.--,;;;.O....;.O~O

EXPENDITURES General Obligation Debt Sinking Fund

$ 133,741,90000 $ 133,741,900 00 $

.--,;;;.O..;;.O~O

Excess of Funds Available over Expenditures

$

o00 $=======0=,0=0

The notes to the finanCial statements are an Integral part of this statement
-9-

OFFICE OF TREASURY AND FISCAL SERVICES

EXHIBIT "H"

STATEMENT OF FUNDS AVAILABLE AND EXPENDITURES

COMPARED TO BUDGET

BUDGET FUND

STATE OF GEORGIA GUARANTEED REVENUE DEBT COMMON RESERVE FUND

YEAR ENDED JUNE 30, 2002

FUNDS AVAILABLE REVENUES
Other Revenues Retained CARRY-OVER FROM PRIOR YEAR
Transfer from Reserved Fund Balance

BUDGET

ACTUAL

VARIANCE FAVORABLE (UNFAVORABLE)

$

000 $ 31,377,732.05 $ 31,377.73205

_ _ _....;O;;..;O;;.;:O~ 17,824.92500

17.824.92500

$==c=-==O:.=OO=$ 49,202.65705 $ 49.202,657 05

EXPENDITURES

Guaranteed Revenue Debt Common Reserve Fund

s

Excess of Funds Available over Expenditures

000 S

000 $- - - - -00-0

$ 49.202.657 05 $ 49.202.657 05

The notes to the financial statements are an Integral part of thiS statement
- 10-

OFFICE OF TREASURY AND FISCAL SERVICES NOTES TO THE FINANCIAL STATEMENTS JUNE 30, 2002

EXHIBIT "I"

NOTE 1: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
REPORTING ENTITY The Office of Treasury and Fiscal Services, an organizational unit of the State of Georgia, was created pursuant to Chapter 50-SA of the Official Code of Georgia Annotated. The Office of Treasury and Fiscal Services is part of the executive branch of government and is attached to the Department ofAdministrative Services for administrative pwposes only (See Note 5). The Office of Treasury and Fiscal Services is under the control and management ofa Director, who is appointed by the State Depository Board in conformity with statutory provisions. The Office of Treasury and Fiscal Services operates the State Treasury, carries out the general policies of the State Depository Board, oversees the investment of State funds, manages the State's cash reserves, and ensures that debt service payments are made for principal and interest due on the State's general obligation debt.
The Office of Treasury and Fiscal Services receives appropriations of State funds for the purpose of debt service but has no authority to determine the amount offunding it ~ill receive from the State of Georgia for any given fiscal year. Such authority is vested in the General Assembly of Georgia. The Office also does not have authority to retain unexpended State appropriations (swplus) for any given fiscal year. Accordingly, the Office of Treasury and Fiscal Services is reported as an organizational unit of the primary government of the State of Georgia for financial reporting pwposes. These reporting entity relationships are defined in Section 2100 ofthe Governmental Accounting Standards Board Codification of Governmental Accounting and Financial Reporting Standards.
LEGISLATIVE AUTHORITY In November, 1972, the voters ofthe State of Georgia approved a comprehensive amendment to the ' Constitution of 1945 ("Amendment") which permits the State of Georgia to finance its capital needs through the issuance of general obligation debt. Prior to the adoption ofthe Amendment, the capital outlay needs of the State of Georgia were met through the issuance of bonds by ten (10) separate authorities and secured by lease rental agreements between the authorities and various organizational units ofthe State of Georgia. The provisions ofthe Amendment were implemented in 1973 with the enactment ofthe Georgia State Financing and Investment Commission Act. The constitutionality of the new system of financing was favorably adjudicated by the Supreme Court of Georgia in a decision rendered on July 16, 1974, in Sears vs. State of Georgia. In November, 1982, the voters of the State of Georgia ratified a new State Constitution which became effective July 1, 1983. The Constitution of 1983 continues the Amendment in full force and effect.
The State of Georgia Guaranteed Revenue Debt Common Reserve Fund was statutorily established to ensure retirement of principal and pa)'ment of interest expense for Revenue Bonds issued by certain Authorities created by the State of Georgia in the event an individual Authority may experience cash flow problems in any given fiscal year. Appropriations for the State of Georgia Guaranteed Revenue Debt Common Reserve Fund are provided by the Official Code of Georgia Annotated, Title 50, Chapter 17, Section 23, which states in part: "All such appropriations for the benefit ofguaranteed revenue debt shall not lapse for any reason and shall continue in effect until the debt for which the appropriation was authorized shall have been incurred; but the General Assembly
- 11 -

OFFICE OF TREASURY AND FISCAL SERVICES NOTES TO THE FINANCIAL STATEMENTS JUNE 30. 2002

EXHIBIT "I"

NOTE 1: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
LEGISLATIVE AUTHORITY may repeal any such appropriation at any time prior to the payment of the same into the common reserve fund".
FUND ACCOUNTING The Office of Treasury and Fiscal Services uses funds to report on its financial position and the results of its operations determined in conformity with accounting practices prescribed or permitted by statutes and regulations ofthe State of Georgia. Fund accounting is designed to demonstrate legal compliance and to aid financial management by segregating transactions related to certain government functions or activities.
A fund is a separate accounting entity with a self-balancing set of accounts. Funds presented in the accompanying financial statements are as follows:
GOVERNMENTAL FUND TYPES
BUDGET FUND - The fund used to account for activities and functions as set forth in the Amended Appropriations Act of2001-2002. This presentation differs from generally accepted accounting principles in that such activity should be included in the Debt Service Fund of the governmental organization.
GENERAL FUND - The fund used to account for taxes, fees, assessments and other revenues collected under constitutional and statutory authority by various organizational units ofthe State of Georgia and remitted to the Office ofTreasury and Fiscal Services. Additionally, this fund is used to account for the appropriation of funds to organizational units of the State of Georgia.
DEBT SERVICE FUND - The fund used to account for the accumulation of resources for, and the payment of, general long-term debt principal, interest and related costs for general obligation bonds issued by the State of Georgia.
FIDUCIARY FUND TYPE
AGENCY FUNDS - The funds used to account for assets held for use by other funds, governments, or individuals.

- 12-

OFFICE OF TREASURY AND FISCAL SERVICES NOTES TO THE FINANCIAL STATEMENTS JUNE 30,2002

EXHIBIT "I"

NOTE 1: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

BASIS OF ACCOUNTING GOVERNMENTAL FUND TYPES
The Office of Treasury and Fiscal Services maintains its Governmental Fund Types on a regulatory basis of accounting (statutory basis), which is substantially on the cash receipts and disbursements basis of accounting, with the exception of the accrual of amounts due to the various State organizations for operational costs of the fiscal year, undistributed sales tax collected on behalf of local governments, and unclaimed bonds and interest. This regulatory basis of accounting is a comprehensive basis of accounting other than generally accepted accounting principles.

Operating transfers out are reflected as an expenditure in the Budget Fund (Statutory Basis). This differs from generally accepted accounting principles in that operating transfers out should be recorded as an other financing use.

Prior period adjustments and certain other items are reported as additions to and deductions from

fund balances ofthe governmental fund types in the accompanying financial statements. This differs

from generally accepted accounting principles in that immaterial adjustments should be reported as

current period revenues and expenditures.

.

FIDUCIARY FUND TYPE AGENCY FUNDS
Agency Funds are custodial in nature and are used to account for assets that the State holds on behalf of others and for assets that the Office of Treasury and Fiscal Services holds on behalf of other state organizations.

Georgia Fund 1 and Georgia Extended Asset Pool are external investment pools. Separate reports for the external investment pools are not issued. The presentation ofthese external investment pools as Agency Funds is not in accordance with generally accepted accounting principles which requires that the external portion of the pools be accounted for as investment trust funds using the economic resources measurement focus and the accrual basis of accounting. In addition, generally accepted accounting principles require the disclosure ofcondensed statements ofnet assets and changes in net assets for the external investment pools. In accordance with accounting practices prescribed or permitted by statutes and regulations of the State of Georgia, the Georgia Fund I and Georgia Extended Asset Pool are included in the financial statements as agency funds, and therefore the required disclosures have been omitted.

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OFFICE OF TREASURY AND FISCAL SERVICES NOTES TO THE FINANCIAL STATEMENTS JUNE 30, 2002

EXHIBIT "I"

NOTE 1: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
BUDGETS BUDGET FUND
Appropriation allotments to the Office of Treasury and Fiscal Services are on the basis of budgets submitted by the Office and approved by the Legislature and the Governor. The budgets are adopted on a basis consistent with accounting practices prescribed or permitted by statutes and regulations of the State of Georgia and are compiled in the same manner as all State departments. Expenditures are classified by budget unit object classes as provided in Act No. 215 of Georgia Laws 2001 (as approved April 26, 2001), and amended by Act No. 393 of Georgia Laws 2002 (as approved February 8, 2002) and by Act No. 411 of Georgia Laws 2002 (as approved March 25, 2002). This budget is considered to be an appropriated budget and is referred to in these notes as the Amended Appropriations Act of2001-2002.
Overexpenditure of an object class included in the budget of the Office of Treasury and Fiscal Services would constitute a violation of Section 58 ofthe 2001-2002 Amended Appropriations Act.
GENERAL FUND A budget for the financial operations ofthe Office ofTreasury and Fiscal Services' General Fund was not prepared by the Office. (See Note 1 - Fund Accounting, Governmental Fund Types, General Fund)
CASH, CASH EQUIVALENTS AND INVESTMENTS The State Depository Board is designated by State law as the oversight Board for the State of Georgia's cash management and investment policies. The Office ofTreasury and Fiscal Services acts as the administrative agent of the State Depository Board. The policy of the State of Georgia is to maximize the protection of State funds on deposit while accruing an advantageous yield on those funds in excess of those required for current operating expenditures (Official Code of Georgia Annotated [O.e.G.A.] Section 50-17-51). The State Depository Board may permit any department, board, bureau or other agency to invest funds collected directly by such organization in short-term time deposit agreements, provided that the interest income ofthose funds is remitted to the Director of the Office of Treasury and Fiscal Services as revenues of the State of Georgia. As a matter of general practice, however, State funds of any department, board, bureau or other agency in excess of current operating needs are required to be deposited with the Director of the Office of Treasury and Fiscal Services for the purposes of pooled investment. Such cash is managed in pooled investment funds to maximize interest earnings.
In addition, State law applicable to local governments provides for a State administered pool for the investment of local government funds with the State Depository Board and authorizes the State Depository Board to establish and maintain a continuing state-wide policy for the deposit and investment of public funds under its control (O.C.G.A. Section 36-83-2).
Pooled assets and other deposits ofthe Office of Treasury and Fiscal Services are categorized on the Combined Balance Sheet (Statutory Basis) as follows:
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~.

.. . , ......:. ".

-.:.:: -.~

OFFICE OF TREASURY AND FISCAL SERVICES NOTES TO THE FINANCIAL STATEMENTS JUNE 30. -:2002

EXHIBIT "I"

NOTE 1: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
CASH, CASH EQUIVALENTS AND INVESTMENTS 1) Cash and Cash Equivalents include currency on hand, demand deposits with banks and other
fmancial institutions, and funds in transit from other spending units. Cash and Cash Equivalents also include short-term, highly liquid investments with maturities ofthree months or less from the date of acquisition.
2) Investments are defined as those financial instruments with terms in excess ofthree months from the date of purchase and certain other securities held for the production of revenue.
In accordance with accounting practices prescribed or permitted by statutes and regulations of the State of Georgia, pooled cash and cash equivalents and investments are reported at cost with the exception of cash and cash equivalents and investments of the Georgia Extended Asset Pool which are recorded at fair value. The presentation of certain cash and cash equivalents and investments at cost differs from generally accepted accounting principles in that certain pooled cash and cash equivalents and investments should be carried at either fair value or amortized cost depending on the type of investment.
Authorized pool investments are limited to the following in accordance with State statutes and policies of the State Depository Board:
1) Obligations issued by the State of Georgia or its agencies or other political subdivisions of the State.
2) Obligations issued or guaranteed by the United States government and its subsidiary corporations and instrumentalities or entities sanctioned or authorized by the United States government.
3) Prime bankers' acceptances.
4) Repurchase Agreements.
5) Obligations and commercial paper issued by domestic corporations.
6) Obligations of industrialized foreign governments.
7) Obligations issued, assumed or guaranteed by the International Bank for Reconstruction and Development or the International Financial Corporation.

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OFFICE OF TREASURY AND FISCAL SERVICES NOTES TO THE FINANCIAL STATEMENTS JUNE 30, 2002

EXHIBIT "I"

NOTE 1: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
CASH, CASH EQUIVALENTS AND INVESTMENTS 8) Certificates of Deposit.
Authorized investments are subject to certain restrictions.
Pooled cash and cash equivalents and investments ofthe Office ofTreasury and Fiscal Services are grouped into portfolios for investment purposes according to the operating needs of the State of Georgia and other pool contributors. In accordance ".,rith State statutes and investment policy and guidelines adopted for the Office ofTreasury and Fiscal Services by the State Depository Board, the Office invests a portion ofthe assets ofthe extended term portfolios (described below) in mortgagebacked securities. A briefdescription ofeach portfolio and disclosures relative to investments in the mortgage-backed securities follows.
PRIMARY LIQUIDITY PORTFOLIO The Primary Liquidity Portfolio consists of "Georgia Fund 1", which is a combination local and state government investment pool, and Fund 6. Georgia Fund 1 is a stable net asset value investment pool which follows Standard and Poor's criteria for AAAm rated money market funds. The pool is not registered \\'ith the Securities and Exchange Commission (SEC) as an investment company but does operate in a manner consistent with the SEC's Rule 2a7 ofthe Investment Company Act of 1940. The pool's primary objectives are safety ofcapital, investment income, liquidity and diversification while maintaining principal. Net asset value is calculated daily and reported to the rating agency weekly to ensure stability. The pool distributes earnings (net of management fees) on a monthly basis and values participants' shares sold and redeemed at the pool's share price, $1.00 per share. Pooled cash and cash equivalents and investments are reported at cost. The pool does not issue any legally binding guarantees to support the value of the shares. Participation in the pool is voluntary and deposits consist of funds from local governments; operating and trust funds of State agencies, colleges and universities; and current operating funds of the State's General Fund.
Investments in Georgia Fund 1 and Fund 6 are directed toward short-term instruments such as U. S. Treasury obligations, securities issued or guaranteed as to principal and interest by the U. S. Government or any of its agencies or instrumentalities, bankers' acceptances and repurchase agreements. The weighted average maturity of Georgia Fund 1 may not exceed 60 days. The weighted average maturity for Georgia Fund 1 on June 30, 2002 was 0.12 years. The average investment duration for Fund 6 on June 30, 2002 was 0.75 years.
The following is a summary ofpooled cash and cash equivalents and investments for Georgia Fund 1 as of June 30, 2002:

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OFFICE OF TREASURY AND FISCAL SERVICES NOTES TO THE FINANCIAL STATEMENTS JUNE 30, 2002

EXHIBIT "I"

NOTE 1: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

CASH, CASH EQUIVALENTS AND INVESTMENTS PRIMARY LIQUIDITY PORTFOLIO

Securitv Type

Fair Value

U. S Government Securities Bankers' Acceptances Repurchase Agreements

$5,014,907,612.17 166,714,418.96
3.014.571.273.20

$8 196 19330433

CarrYing Amount
$5,014,907,612.37 166,714,41919
3,014.571.273.20
$8 196 19330476

Interest'Yield Rate Ranges

Maturity Date Ranges

1.73%- 1.95% 1.76%- I 92% 1.75% - 1.99%

3 - 89 Days 2 - 103 Days I - 102 Days

Weighted Average Maturitv
55 Days 42 Days 22 Days

SECONDARY LIQUIDITY PORTFOLIO The Secondary Liquidity Portfolio consist of Fund 11, which is comprised of certificates of deposit with an average investment duration of .17 years. State funds which are not necessary for current . operating needs can be invested in Fund 11.

EXTENDED TERM PORTFOLIOS The Extended Term Portfolios consist ofFund 3 "Georgia Extended Asset Pool", Fund 7, Fund 8 and Fund 9.

The Georgia Extended Asset Pool is a variable net asset value investment pool which follows Standard and Poor's criteria for AAAf rated funds. The pool is not registered with the SEC as an investment company. The pool's primary objective is the prudent management of public funds on behalf of the State of Georgia and local governments seeking income higher than money market rates. Net Asset Value (NAV) is calculated daily to determine current share price. NAV is calculated by taking the closing fair value of securities owned plus other assets and subtracting liabilities. The remainder is then divided by the total number ofshares outstanding to compute NAV per share (current share price). The pool distributes earnings (net ofmanagement fees) on a monthly basis and determines participant's shares sold and redeemed based on the current share price, which at June 30, 2002, was at $2.02 per share. The Office of Treasury and Fiscal Services has hired a third party bank, Investors Bank and Trust, to perform custody and valuation services to include calculation ofthe NAV. Pooled cash and cash equivalents and investments are reported at fair value. The pool does not issue any legally binding guarantees to support the value of the shares. Participation in the pool is voluntary and deposits consist offunds from local governments, operating and tru,st funds of State agencies, and current operating funds of the State's General Fund.

Investments in the Georgia Extended Asset Pool consist generally ofsecurities issued or guaranteed as to principal and interest by the U. S. Government or any of its agencies or instrumentalities, bankers' acceptances and repurchase agreements. The weighted average maturity at June 30, 2002 was 1.31 years.

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OFFICE OF TREASURY AND FISCAL SERVICES NOTES TO THE FINANCIAL STATEMENTS .JlThTE 30, 2002

EXHIBIT "I"

NOTE 1: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

CASH, CASH EQUIVALENTS AND INVESTMENTS EXTENDED TERM PORTFOLIOS
The following is a summary of pooled cash and cash equivalents and investments for the Georgia Extended Asset Pool as of June 30, 2002:

Security Type

Fair Value

InterestIYJeld Carrymg Amount Rate Ranges

Maturity Date Ranges

Weighted Average Maturitv

U. S. Government Secunties $ 1,021,004,704.11 $ 1,021.004,704.11

Bankers' Acceptances

26.285,977. 78

26.285,977. 78

Repurchase Agreements

146.709.84777

146,709.84777

1.95% 6.84% 107 Days 4.13 years

1.95% 1.97% 175 Days - 181 Days

1.99%

3 Days

1.77 years 178 Days 3 Days

$1 19400052966 $1 19400052966

Investments in FUnd 7 consist generally of repurchase agreements and certain U. S. Government Securities. The average investment duration for Fund 7 on June 30, 2002 was 1.39 years.
\
Investments in Fund 8 consist generally of repurchase agreements and certain U. S. Government Securities, which include mortgage-backed securities such as collateralized mortgage obligations and adjustable rate mortgages. These mortgage-backed securities are reported as U. S. Government Securities in the disclosure of custodial risk. (See Note 2 on Categorization of Investments) Investments in Fund 8 are transacted by an external investment management firm under direction of investment advisory agreements executed between the Office and the investment management firm.

The agreement directs the investment firm to utilize the Merrill Lynch 1-3 year Treasury Index in managing the average duration of the overall portfolio, excluding cash, to within plus or minus 6 months ofthe duration of the Index. The average investment duration for Fund 8 on June 30, 2002 was 1.59 years. In addition, the investment advisory agreements place limitations on individual security purchases and holdings as follows:

1) Limits the duration ofany security at the time ofpurchase to a maximum offive (5) years.

2) Requires any mortgage-backed security, at the time of purchase and periodically, thereafter, to pass a "stress test" which provides for a duration profile not to exceed 7 years given an instantaneous and permanent interest yield increase of 300 basis points.

3) With the exception ofU. S. Treasury securities, limits individual security investments to no more than the greater of$5 million or 10% ofthe separate portfolio's total investments.

4) Prohibits investments in interest only strips, principal only strips, inverse floaters, and Z tranche securities.

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OFFICE OF TREASURY AND FISCAL SERVICES NOTES TO THE FINANCIAL STATEMENTS JUNE 30, 2002

EXHIBIT "I"

NOTE 1: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
CASH, CASH EQUIVALENTS AND INVESTMENTS EXTENDED TERM PORTFOLIOS
As ofJune 30, 2002, the Office had $70,273,395.46 of State funds in Fund 8 ofthe Extended Term Portfolios invested in U. S. Agency mortgage-backed securities.
Investments in Fund 9 consist of repurchase agreements and certain U. S. Government securities with an average investment duration of 1.69 years at June 30, 2002.
HEALTH INSURANCE FUND PORTFOLIO The Health Insurance Fund Portfolio investments consist of shares of Georgia Fund 1.
RISK MANAGEMENT FUND PORTFOLIO The Risk Management Fund Portfolio (Fund 4) investments consist of shares of Georgia Fund 1 and shares of the Georgia Extended Asset Pool, certain U. S. Government Securities and corporate obligations. Investments in Fund 4 (other than Georgia Fund 1 and Georgia Extended Asset Pool) are transacted by external investment management firms under direction of investment advisory agreements executed between the Office of Treasury and Fiscal Services and the investment management firms. This portfolio had an average investment duration of 1.97 years at June 30, 2002.
GEORGIA STATE FINANCING AND INVESTMENT COMMISSION PORTFOLIO As specified in Title 50 ofthe Official Code ofGeorgia Annotated, the Georgia State Financing and Investment Commission Portfolio investments generally consist of certain U. S. Government Securities, and repurchase agreements. This portfolio had an average investment duration of 1.66 years at June 30, 2002.
STATE OWNED STOCK Dating from the mid nineteenth century, the State ofGeorgia has owned stock in a private company (Official Code of Georgia Annotated Section 50-16-2). Ownership of the company has changed numerous times as well as the number of shares held by the State. At June 30, 2002, 16,112 shares of common stock of the Wachovia Corporation with a fair value of$617,089.60 was owned by the State ofGeorgia. The Office ofTreasury and Fiscal Services, acting as the State Treasury, holds the stock for the State ofGeorgia. This stock is not recorded in the financial statements ofthe Office of Treasury and Fiscal Services.
INVENTORIES No inventories of supplies are reported in these financial statements.

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OFFICE OF TREASURY AND FISCAL SERVICES NOTES TO THE FINANCIAL STATEMENTS JUNE 30, 2002

EXHIBIT "I"

NOTE 1: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

UNDISTRIBUTED SALES TAXES The liability for undistributed sales tax represents sales tax collected on behalfof local governments on deposit at the Office of Treasury and Fiscal Services at June 30, 2002, which have not been processed by the sales tax distribution system at the Department of Revenue.

DEFERRED REVENUE Deferred revenue represents unrealized gains on investments in the Georgia Extended Asset Pool at June 30, 2002, due to the valuation ofthese investments at fair value. These unrealized gains are not available for appropriation at June 30, 2002.

FUND EQUITY RESERVED FUND BALANCE
Reserves represent those portions of fund equity not appropriable for expenditure or legally segregated for a specific future use. The following is a brief description of the reserves reflected in the accompanying financial statements:

BUDGET FUND GUARANTEED REVENUE DEBT COMMON RESERVE FUND
The amount of this reserve must be at all times at least equal to the aggregate highest annual debt service requirements on all outstanding guaranteed revenue bond obligations entitled to the benefit of this fund. The following is an analysis of the calculations for this reserve at June 30, 2002:

BO"-"O ISSUE
Stale Tollway Authomy Sones 1998 Senes 2001
GeorgIA EnVITOnmenlal FacIlJlte5 Authomy Sones 1997

RESERVE BALAKCE Jl,"LY I. 2001

APPROPRlATED FOR NEW
BOl'o"O ISSL'E

NTEREST EAAA"EIl

BALAKCE AVAILABLE TO SER\lCE
DEBT nJ~"E30 2002

HIGHEST A'-N\! -.L DEBT
SERlrlCE REQIJ1REME'Io'TS
Il.''''E 30 2002

EXCESS B-.LA-'1CE n."'"E 30. 2002

9.078.32500 000 S

30.632.85000

259,4039S S 235.55285

9,33772895 S 30868.40285

907832500 S 29,35068000

259403 Q5 J 51'.72285

8.746.600 00 17.824 925 00 S

3063285000 S

249.9252S 74-188205 S

899652525 49202.65 7 05 S

8746600 00 47.175.60500 S

249.92525 2027.05205

Pursuant to the provisions of the Official Code of Georgia Annotated 50-17-23(b)(3), amounts in excess of the aggregate highest annual debt service requirements on all outstanding guaranteed revenue debt obligations are transferred to the general funds of the State of Georgia. Exhibit "B" of this report reflects the lapsing of the excess balance in the amount of $2,027,052.05 to the General Fund. The total reserved fund balance of the Guaranteed Revenue Debt Common Reserve Fund at June 30, 2002, was $47,175,605.00.

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OFFICE OF TREASURY AND FISCAL SERVICES NOTES TO THE FINANCIAL STATEMENTS JUNE 30, 2002

EXHIBIT "I"

NOTE 1: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
FUND EQUITY RESERVED FUND BALANCE
GENERAL FUND APPROPRIATION TO DEPARTMENT OF TRANSPORTATION
The reserved fund balance of $9,946,635.43 for appropriation to the Department of Transportation in fiscal year 2002 is comprised of the following components:
(1) A reserved fund balance of $8,169,508.63 was determined by comparing the net Motor Fuel Tax collections of $698,169,508.63 for the year ended June 30, 2002, to the estimated Motor Fuel Tax collections budgeted of$690,000,000.00 for the fiscal year ending June 30, 2003. This reserved fund balance is mandated by Article III, Section IX, Paragraph VI of the Constitution of the State of Georgia.
(2) A reserved fund balance in the amount of $1,777,126.80 for funds derived from Motor Fuel Tax collections deposited in the State of Georgia Guaranteed Revenue Debt Common Reserve Fund in excess of the amount required and subsequently lapsed to the General Fund of the State of Georgia.
MIDYEAR ADJUSTMENT RESERVE The Official Code of Georgia Annotated Section 45-12-93(b) provides, in part, that "As of June 30 of each fiscal year, the state auditor shall reserve from the state surplus an amount equal to 1 percent of the net revenue collections of such fiscal year, to the extent that such surplus is available therefor. This amount shall be reserved before the amount shall be reserved for the revenue shortfall reserve ...". The reserved fund balatll:e for Midyear Adjustment Reserve was $140,054,792.08 as of June 30, 2002.
REVENUE SHORTFALL RESERVE
The Official Code of Georgia Annotated Section 45-12-93(a) provides, in part, that "As of June 30 of each fiscal year, the state auditor shall reserve from the state surplus an amount equal to not less than 3 nor more than 5 percent, as directed by the director of the budget, of the net revenue collections of such fiscal year, to the extent that such surplus is available therefor ... ". The reserved fund balance for Revenue Shortfall Reserve (3%) was $420,164,376.23 as of June 30, 2002.
DISCRETIONARY REVENUE SHORTFALL RESERVE As provided for in Code Section 45-12-93(a) above, as of June 30, 2002, a Discretionary Revenue Shortfall Reserve (2%) in the amount of$280,109,584.16 has also been established and reserved.

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OFFICE OF TREASURY AND FISCAL SERVICES NOTES TO THE FINANCIAL STATEMENTS JUNE 30, 2002

EXHIBIT "I"

NOTE 1: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

FUND EQUITY RESERVED FUND BALANCE

GENERAL FUND LOTTERY FOR EDUCATION
The reserved fund balance of $365,491,272.59 for Lottery for Education mandated by the Official Code of Georgia Annotated Section 50-27-13 was determined in the following manner:

Reserved Fund Balance July 1,2001

$ 322,974,935.07

Additions: Lottery Proceeds Interest Earned Prior Year Surplus Lapsed

726,202,000.00 10,821,693.45 8.573,075.07

Deductions: Appropriations - Fiscal Year 2002

$1,068,571,703.59 703,080.431.00

Reserved Fund Balance June 30, 2002

$ 365.491.272.59

The Official Code of Georgia Annotated Section 50-27-13 (b) (3) requires that within the funds transferred to the general fund ofthe state treasury and held for credit to the Lottery for Education Account, a Scholarship Shortfall Reserve subaccount shall be established and calculated as follows:

"...An amount equal to 10 percent ofthe total amount oflottery proceeds disbursed during the preceding fiscal year in the form of scholarships and grants for higher education shall be deposited from lottery proceeds each year until such amount equals 50 percent of such sum. Thereafter, only an amount necessary to maintain the scholarship shortfall reserve subaccount in an amount equal to 50 percent of the amount oflottery proceeds disbursed during the preceding fiscal year shall be deposited into the subaccount..."

In addition to the Scholarship Shortfall Reserve subaccount, the Official Code of Georgia Annotated Section 50-27-13 (b) (4) requires that within the funds transferred to the general fund ofthe state treasury and held for credit to the Lottery for Education Account, a Shortfall Reserve subaccount shall be maintained and calculated as follows:

"...The amount ofthe shortfall reserve subaccount shall be equal to 10 percent of the total amount of lottery proceeds deposited into the Lottery for Education Account for the preceding fiscal year..."

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OFFICE OF TREASURY AND FISCAL SERVICES NOTES TO THE FINANCIAL STATEMENTS JUNE 30. 2002

EXHIBIT "I"

NOTE 1: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

FUND EQUITY RESERVED FUND BALANCE

GENERAL FUND LOTTERY FOR EDUCATION
At June 30, 2002, the Lottery for Education reserved fund balance is summarized as follows:

Restricted Reserves Scholarship Shortfall Reserve Subaccount Shortfall Reserve Subaccount
Unrestricted Reserves

$134,004,202.49 69,167,200.00
$203,171,402.49 162.319.870.10
$365.491.272.59

OLD STATE DEBT All "General State Bonds" of the State of Georgia are past due, but have not been presented for redemption. This obligation includes both principal and interest and will be liquidated if and when the past due outstanding bonds and coupons are presented.

TOBACCO SETTLEMENT FUNDS
The reserved fund balance of$184,129,538.71 represents the amount received plus interest earned as the State of Georgia's share of the National Association of Attorneys General's Master Tobacco Settlement Agreement. This amount is reserved for appropriation in future years and is summarized below:

Reserved Fund Balance July 1,2001
Additions: Tobacco Settlement Funds Received Interest Earned Prior Year Surplus Lapsed
Deductions: Appropriations - Fiscal Year 2002
Reserved Fund Balance June 30, 2002

$165,781,567.87
178,371,653.21 5,757,884.58 6,863.494.05
$356,774,599.71 172,645,061.00
$184,129,538.71

DEBT SERVICE FUND DEBT SERVICE
The reserve for Debt Service represents the amount available in the Debt Service Fund to provide debt service for the General Long-Term Debt.

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OFFICE OF TREASURY AND FISCAL SERVICES NOTES TO THE FINANCIAL STATEMENTS JUNE 30, 2002

EXHIBIT "I"

NOTE 1: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
FUND EQUITY DESIGNATION
The designated fund balance represents State funds in the amount of $249,000,000.00 for future property tax relief and $455,654,214.00 for 2003 Appropriations.
SURPLUS Surplus as reflected in this report does not include State funds which will be lapsed based on work performed by the State Auditor and other auditors at other organizational units of the State of Georgia for the year ended June 30, 2002. Final surplus and reserve balances for all appropriated funds will be disclosed in the subsequently issued State of Georgia Report of the State Auditor.
MEMORANDUM ONLY - TOTAL COLUMNS Total columns on the Combined Statements (Statutory Basis) are captioned "Memorandum Only" because they do not represent consolidated financial information and are presented only to facilitate financial analysis. The columns do not present information that reflects financial position, results of operations or changes in financial position in conformity with generally accepted accounting principles. Neither are such data comparable to a consolidation. Interfund eliminations have not been made in the aggregation of this data.
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 Office's financial position and operations. Comparative totals have not been included on statements where their inclusion would not provide enhanced understanding of the Office's financial position and operations or would cause the statements to be unduly complex and difficult to understand.
Certain amounts in the prior period financial statements have been adjusted due to the deletion ofthe General Long-Term Debt Account Group from these financial statements.
NOTE 2: CUSTODIAL CREDIT RISKS OF CASH DEPOSITS AND INVESTMENTS
STATE OF GEORGIA COLLATERALIZATION STATUTES AND POLICIES Funds of the State of Georgia 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 anyone or more of the 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 of the United States or of the State of Georgia.
(2) Bonds, bills, certificates of indebtedness, notes, or other obligations of the counties or municipalities of the State of Georgia.
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OFFICE OF TREASURY AND FISCAL SERVICES NOTES TO THE FINANCIAL STATEMENTS JUNE 30, 2002

EXHIBIT "I"

NOTE 2: CUSTODIAL CREDIT RISKS OF CASH DEPOSITS AND INVESTMENTS

STATE OF GEORGIA COLLATERALIZATION STATUTES AND POLICIES (3) Bonds of any public authority created by the laws of the 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 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 or securities guaranteed 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 Corporation, or the Federal National Mortgage Association.

(6) Guarantee or insurance of accounts provided by the Federal Deposit Insurance Corporation.

As authorized in the Official Code of Georgia Annotated Section 50-17-53, the State Depository Board has adopted policies which allow agencies of the State of Georgia the option of exempting 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 inte.est bearing accounts. The bank balances as ofJune 30, 2002, are categorized below in order to provide information about the extent to which such deposits are exposed to custodial credit risk.

Category 1 - Amounts covered by depository insurance or collateralized with securities (at market value) held by the Office or by its agent in the Office's name.

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

Cash Deposits

Carrymg Amount

Bank Balances

Risk Categones

2

3

$24392962426 $24471203569 $192 676 921 65 $'====:l!Q~O~O $ 52 03511404

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OFFICE OF TREASURY AND FISCAL SERVICES NOTES TO THE FINANCIAL STATEMENTS JUNE 30, 2002

EXHIBIT "I"

NOTE 2: CUSTODIAL CREDIT RISKS OF CASH DEPOSITS AND INVESTMENTS

CATEGORIZATION OF DEPOSITS Governmental Accounting Standards Board Statement No. 31 requires a separate risk categorization ofbank balances of an external investment pool when a separate report is not issued for the external investment pool. Because OTFS does not maintain separate bank accounts for the cash portion of the external and internal portions of Georgia Fund 1 and Georgia Extended Asset Pool, "mixed" external investment pools, a separate risk categorization for these external pools cannot be presented. The carrying amount for these external pools as ofJune 30, 2002 was $44,563,660.86. This amount is included in the categorization of bank balances above.

CATEGORIZATION OF INVESTMENTS For purposes of analysis of custodial credit risk, investments consist of U. S. Government securities, bankers' acceptances, corporate obligations and repurchase agreements. Investments are stated at cost, and are summarized and classified as to custodial credit risk within the categories described below:

Category 1 - Insured or registered, or securities held by the Office or its agent in the Office's name.

Category 2 - Uninsured and unregistered, with securities held by the counterparty's trust department or agent in the Office's name.

Category 3 - Uninsured and unregistered, with securities held by the counterparty, or by its trust department or agent but not in the Office's name.

The carrying amounts of investment balances as of June 30, 2002, are categorized below.

Type of Investment

RIsk Cale!!!JrleS

2

3

CarJ')1ng Amount

Fair Value

U. S Government

Securities

$ 7,798.973,13861

$

Bankers' Acceptances

$196,917,23690

Corporate Obligations

106,578,16608

Repurchase Agreements 3648147,848 II

000 $ 7.798,973.13861 $ 7,807,406,19798 196,917.23690 196,917.23667 106.578.16605 108,321.77192
3648.147,848 II 3.64814784810

Total

$11 447 120986 72 $30349540298 $==:df,00!Q10 $11 7506 J6 389 67 $11 760 793 0~4 67

Governmental Accounting Standards Board Statement No. 31 requires a separate risk categorization of investments of an external investment pool when a separate report is not issued for the external investment pool. The following is a separate risk categorization of only the pooled investments of Georgia Fund 1 and the Georgia Extended Asset Pool, "mixed" external investment pools, as ofJune 30, 2002. These amounts are included in the categorization of investments above,

- 26-

.,' ~ ,
':
OFFICE OF TREASURY AND FISCAL SERVICES NOTES TO THE FINANCIAL STATEMENTS
JUNE 30. 2002

EXHIBIT "I"

NOTE 2: CUSTODIAL CREDIT RISKS OF CASH DEPOSITS AND INVESTMENTS

CATEGORIZATION OF INVESTMENTS

GEORGIA FUND 1

Type ofInvestment

Risk Categones

2

3

CaJT}ing Amount

Fair Value

U S Government

Securities

$ 5,014.907,61237

$

Bankers' Acceptances

$166,714,41919

Repurchase Agreements 3014.57127320

000 S 5.014.907.61237 S 5.014.907,61217 166,714,419.19 166,714.41896
3.014.57127320 3.01457127320

Total

$ 8 029478 88~ 9 $16671441919 S==~OO~O S 819619330476 S 819619330433

GEORGIA EXTENDED ASSET POOL

TWe of Investment

RIsk Categones

2

3

CaJT}lOg Amount

Fair Value

U S Government Secunlles
Bankers' Acceptances Repurchase Agreements

$ 1,021,004,704 11 146.709.84777

S $26,285,977 78

000 $ 1.021.004.704 11 $ 1.021,004.704 11

26285.977 78

26.285.977 78

146.709.84777 146.709.84777

Total

S I 167 714 ~51 88 $26285 977 78 $==~oO~O $ 1 194 000 ~29 66 $ I 194 000 529 66

NOTE 3: STATE REVENUE COLLECTIONS
For the purposes of this report, State revenue collections listed on Schedule "5" of this report are defined as the net transfers of cash items received by the Office of Treasury and Fiscal Services identified as State revenue collections by the various units of State government during the fiscal year ended June 30, 2002.
NOTE 4: GENERAL LONG-TERM DEBT
The amount of $5,829,841,250.29 needed for the retirement of general long-term debt will be derived from future appropriations in accordance with Anicle VII, Section IV, Paragraph III of the Constitution of the State of Georgia.

- 27-

OFFICE OF TREASURY AND FISCAL SERVICES NOTES TO THE FINANCIAL STATEMENTS JUNE 30, 2002

EXHIBIT "I"

NOTE 4: GENERAL LONG-TERM DEBT

CHANGES IN GENERAL LONG-TERM DEBT During the year ended June 30, 2002, the following changes occurred in the General Long-Tenn Debt:

Balance July 1, 2001 Add: Bonds Issued Less: Bonds Redeemed

$5,311,335,000.00 1,196,160,000.00 449,200.000.00

Balance June 30, 2002

$6.058.295.000.00

General obligation bonds currently outstanding and not considered defeased are as follows:

Purpose

Interest Rates

Amount

General Government General Government - Refunding

1.25% - 7.70% 4.25% - 6.30%

$5,582,665,000.00 475.630.000.00

$6.058.295.000.00

Annual debt service requirements to maturity for general obligation bonds are as follows:

Fiscal Year Ending June 30
2003 2004 2005 2006 2007 Thereafter

Principal

Interest

Total

$ 396,820,000.00 433,815,000.00 448,325,000.00 467,680,000.00 468,035,000.00
3.843,620.000.00

$ 334,982,463.75 312,053,355.00 286,729,431.25 260,365,680.00 233,657,603.13
1,135,377.907.50

$ 731,802,463.75 745,868,355.00 735,054,431.25 728,045,680.00 701,692,603.13
4,978.997.907.50

$6.058.295.000.00 $2.563.166.440.63 $8.621.461.440.63

The total general long-tenn debt outstanding at June 30, 2002, excluding interest, was $6,058,295,000.00 and a schedule of this obligation by fiscal year is reflected on Schedule "8" of this report.

- 28-

OFFICE OF TREASURY AND FISCAL SERVICES NOTES TO THE FINANCIAL STATEMENTS JUNE 30, 2002

EXHIBIT "I"

NOTE 4: GENERAL LONG-TERM DEBT

BONDS RETIRED IN ADVANCE OF DUE DATE In the year under review, the Georgia State Financing and Investment Commission redeemed $119,690,000.00 principal amount of bonds in advance ofthe dates due. This financial activity has been reflected on Exhibit "E" ofthis report. A list ofthe bonds redeemed in advance ofthe dates due by the Georgia State Financing and Investment Commission is as follows:

Bond Series
1991D 1992D 1993C 1993D 1994D 1994 1996C 1999B tOOOC 2000D 2001B 2001D

$ 11,000,000.00 1,800,000.00 45,000.00 1,000,000.00 1,600,000.00 5,000,000.00 25,000.00 90,000.00
10,000,000.00 40,000.00
43,800,000.00 45.290.000.00
$ 119,690.000.00

NOTE 5: OTHERINFORMATION

The Office of Treasury and Fiscal Services is administratively attached to the Department of Administrative Services as noted in Note 1 - Reporting Entity. As a result of this organizational relationship, all administrative and operating expenditures, which includes the pa)'Toll costs for employees of the Office of Treasury and Fiscal Services, are budgeted within and reported on the financial statements of the Department of Administrative Services.

NOTE 6: RISK MANAGEMENT

Public Entity Risk Pool

The Department of Community Health administers for the State of Georgia a program of health benefits for the employees of units of government of the State of Georgia, units of county government and local education agencies located within the State ofGeorgia. This plan is funded by participants covered in the plan, by employers' contributions paid by the various units ofgovernment participating in the plan, and appropriations made by the General Assembly ofGeorgia. (See Note 5) The Department of Community Health 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 Department.

- 29-

OFFICE OF TREASURY AND FISCAL SERVICES NOTES TO THE FINANCIAL STATEMENTS JUNE 30, 2002

EXHIBIT "I"

NOTE 6: RISK MANAGEMENT
Other Risk Management
The Department of Administrative Services (DOAS) has the responsibility for the State of Georgia ofmaking and carrying out decisions that will minimize the adverse effects ofaccidental losses that involve State government assets. The State believe~ 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 are purchased applicable to property, employee and automobile liability, fidelity and certain other risks. The Office of Treasury and Fiscal Services is part of the State of Georgia reporting entity, and as such, is covered by the State of Georgia risk management program administered by DOAS. Premiums for the risk management program are charged to the various state organizations by DOAS to provide claims servicing and claims payment. (See Note 5)
NOTE?: SUBSEOUENTEVENT
Subsequent to June 30, 2002 and through the date of this report, the State of Georgia had issued general obligation bonds in the amount of $295,955,000.00, dated August 1, 2002. The proceeds from these bonds will be used to fund the capital outlay needs, in part, of the State of Georgia.
NOTE 8: CONTINGENCIES
Litigation, claims and assessments filed against the Office ofTreasury and Fiscal Services, ifany, are generally considered to be actions against the State ofGeorgia. 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, 2002.

- 30-

SUPPLEMENTARY INFORMATION - 31 -

OFFICE OF TREASURY AND FISCAL SERVICES COMBINING BALANCE SHEET BUDGET FUND JUNE 30, 2002

EXHIBIT "J"

"A" STATE OF GEORGIA
GENERAL OBLIGATION DEBT SINKING FUND
(ISSUED)

"B" STATE OF GEORGIA
GENERAL OBLIGATION DEBT SINKING FUND
(NEW)

STATE OF GEORGIA GUARANTEED REVENUE DEBT
COMMON RESERVE FUND

TOTAL

Cash and Cash EquIValents
Accounts ReceIVable State AppropriatIon

$ _ _--=2:::2:::;8.:;;:;45:::3~.7~4:.::9..:.7.:..$1

$
....::.o.::oo~

47.175.60500 $ 47.175.60500 228.453,74971

Total Assets

$==~22;;;8;;,.4~5~3.;;,,74;;9;,,;7=1 $=====,,;0;,;00;;;,$

47.175.60500 $ 275.629,354 71

LIABILITIES AND FUNp EQUITY
L.abilJlles Cash Overdraft
Fund Equity Fund Balances Reserved For Guaranteed Revenue Debt Common Reserve Fund Unreserved Undesignated Surplus
Total Fund Equrty

$ _ _--=2=2.:;.;8..:.45:::3~.7;.;4:.::9..:.7.:..1 $

$

......::0:.,:00:::.$

$

......::0:.,:0:::.0 $

....::.0.::00:;.

$ 228.453.74971

$ ...:0:.,:0:::.0 ...:0:.,:00:::.$

47,175,60500$ 47.175.60500

....::.0.::00~

000

47.175.60500 $ 47.175.60500

Total Ll8bllrtles and Fund Equity

$==....:;2;;,28;0,;.;,;;45;;;;3=.7,;;4,;;,9,;,,7,;,1 $....==-_-===0,;00;;,$

47.175.60500 $ 275.629.354 71

See notes to the financial statements

- 32-

OFFICE OF TREASURY AND FISCAL SERVICES

EXHIBIT uK "

COMBINING STATEMENT OF CHANGES IN FUND BALANCES BUDGET FUND
YEAR ENDED JUNE 30, 2002

See notes to the financial statements

- 33-

OFFICE OF TREASURY AND FISCAL SERVICES

EXHIBIT "L"

COMBINING STATEMENT OF FUNDS AVAILABLE AND EXPENDITURES

BUDGET FUND

YEAR ENDED JUNE 3D, 2002

"A" STATE OF GEORGIA
GENERAL OBLIGATION DEBT SINKING FUND
(ISSUED)

"B" STATE OF GEORGIA
GENERAL OBLIGATION DEBT SINKING FUND
(NEW)

STATE OF GEORGIA GUARANTEED REVENUE DEBT
COMMON RESERVE FUND

TOTAL

FUNDS AVAILABLE

REVENUES

STATE APPROPRIATION General Appropnabon Amended Appropnabon

$

575.708.56300

30.418.70000 $

133.741.90000

$ 575,708,56300 164.160.600.00

Total State AppropnalJon

$

606.127.26300 $

133.741,90000

$ 739.869.163 00

OTHER REVENUES RETAINED Fiscal Year 2002 AppropnalJon Through Georgia Department of TransportatIon Interest Earned

$

30,632.850 00 $ 30.632.850 00

744.88205

744.88205

Total Other Revenues Retained

$

31,377,73205 $ 31.377.73205

Total Revenues

$

CARRYOVER FROM PRIOR YEAR

Transfer from Reserved Fund Balance For Guaranteed Revenue Debt Common Reserve Fund

606.127.26300 $

133,741.90000 $ $

31.377,73205 $ 771.246.89505 17.824,92500 $ 17.824.92500

Total Funds AvaIlable

$

606.127.263 00 $

133,741.90000 $

49.202,657 05 S 789.071,820 05

EXPENDITURES

GENERAL OBLIGATION pEBT SINKING FUND

Transfer to Debt Service Fund

$

Excess of Funds Available over ExpendItures

606.127.263 00 $

133.741.90000

000 _ _ _ _ _ _=.o=.oo=-$

$=====6=06=',;;12=7=.2=6=3=0.0. $=====1=33=.=74=1,;;.9=0=0=0.0. $

$ 739.869.163 00 ...;.49~..:;,20=.:2:.:..6=.:5;.;7_'0"'"5 49.202.657 05
49.202.657 05 $ 789.071,820 05

See notes to the financial statements

~ 34-

OFFICE OF TREASURY AND FISCAL SERVICES

EXHIBIT "M"

COMBINING STATEMENT OF CHANGES IN ASSETS AND LIABILITIES FIDUCIARY FUND TYPE - AGENCY FUNDS YEAR ENDED JUNE 3D, 2002

EJ.lliQ

ASSETSI LIABILITIES JULY 1, 2001

ADDITIONS

DELETIONS

ASSETSI LIABILITIES JUNE 30. 2002

GEORGIA FUND 1

AcIministratMl ServICes, Department of

Regular

Surplus Property Fund

$

RISk ManagemenVSelflnsurance Funds

Agncuftural Commodity CommisSion for CDlIon

Agncuftural Commodity CommISSion for Eggs

Agncuftural Commodity CommISSion for Peaches

Boll Weevil Eradication Foundation of Georgl8.

Incorporated

Community Affairs, Department of

Community Health. Department of

Indigent Care Trust Fund

Stale Employees' Health Insurance Fund

Corrections. Depanment of

Education, Department of

Fl1anClng and Investment CommiSSIOn. Georgia State

Georgia EducatIOn Authority Revolving Fund

Georgia Educallon Authordy (SCtJools)

Georgia EducatIOn Authority (UnIVersity)

Georgia Aviation Hall of Farne

Georgl8 Building Authonty

Georgia CorrectlOnallndustnes Administration

Georgl8 Development Authonty

Georgl8 Environmental FaClldles AuttJorlty

Georgl8 Golf Hall of Farne

Georgl8 Higher EducatIOn ASSistance Corporation

Georgia HOUSing and FlIlance Authority

Georgl8 LDlIery Corporation

Georgl8 Music Hall of Fame Authonty

Georgia Ports Authority

Georgl8 Rail Passenger Authority

Georgl8 Regional Hosprtal at Savannah

Georgia Regional Transortation Authority

Georgia 5ee<I Development CommlSslOfl

Georgia Student Finance Authonty

GeorgI8 Student FlIlance CommiSSIOn

Georgl8 Technology Authonty

Regular

GeorgI8 Distance Learning TelemediClne

GeorgI8 TollaccD Commundy Development Boa:d

TobaCCO Loss AsSistance Program Fund

Georgl8 World Congress Center Authordy,

George L Smith. II

Govemor, Office of the

Hosprtal Financmg Authordy

InvestigatIOn, Georgl8 Bureau of

Jekyll Island State Park Authority

Juvenile JUStice, Department of

Labor, Department of

Mouilne Area Technical College

Natural Resources, Department of

North Georgia Mountams Authonty

OneGeorgl8 Authonty

Personnel Board, State - Ment System of

Personnel Administration

Flexible Benefds - GFT

Public Safety. Department of

PubliC Service CommiSSIOn

Public Telecommunications CommiSSion. Georgl8

Regents of the University System of Georg.s

Board of

VarIOus Colleges and UnIVersdies

Regional Educational Servlee AgenCies

Secretary of State

State Road and TollWay Authordy

Stone MountaIn Memonal ASSOCl8tlon

391.6t610 $ 110,593.360 14
2,525.190 56 52,352.26 000
4,699,20274 10.532,603 21
-043 525.600.77216
17.224.425 42 64.072 94
1,695.448 47 709,63077
1,076.019 72 827.690 82
18,757.240 50 9,538,131 59 3.277,51544
279,932.23974 791,13593
4,547,954 54 14.872,131 29 4.300,51875
772.83194 15,343,808 37
59,12839 429.26734 10.151.18335 3.835,086 52 1.597.322 24 1.073.423 41
17.948.21 I .52 19.861.043 68
267.66968
19.900 50 12.542.926 19
8147 7.164.01633 2.117.098 02
000 75.26970 111.85147 146.405,153 09 5.303.133 49 50.046.062 03
10.104.34273 3.029.544 46
31,145.72484 4.060.592 66
267.278.368 33 1.942.572 90 1.757.73242 000
11.716.735 50

9.57143 261.028.921 51 $
1,167,90692 1.25743
30.44562
4.590,92528 4.177,95261
200,636.72080 920,173.81240
16,757.82949 1.33897
230,37496 17.34399 88,59397 20.22948
23,332.325 58 8,835.334 58 1,024,866 75
124.460,51882 1.207.97166 111.15598
21.488,58983 757.069,01092
18.88868 24.626.398 13
1.44514 9.81769 11,485.06148 2,426,171 39 7,152,90855 26.23541
14.979.91576 484,45961
13.71486
755.599 54 709,05590
197 6.504.492 66 1.254.16091 18.021.37303
204.83138 2,309.72767 85.707,294 78 12.329.287 96 35.665.250.85
57.906.48610 74.044 71
540.34379 22.379.465 86
509.203.639 97 769.60085 42.96050
38.981.27394 6.145,337.37

$ 281.895.420 03
1.000.000 00 10.00000
5.464.234 00 5.142,91848
200.140.50100 805.188.156 00
17,026.521 51 17.04858
605,69358
24,746.00000 4,000.000 00 4,295,000 00
94.764,00613 1.486.835 49
28.543.678 44 756,402.000 00
19,514,28257
50,00000 12.650.000 00
3.040.000 00 1.824.723 04
6,000,000 00 141,04275
73,34167
13.251.30339
5.005,072 82
8,24 1.926 02
2.300,000 00 77.397,46580 15,060456 58 29.730.75976
58.948.84775
13.839.964 96 25.269.500 00
485,675,000 00 1.035,000 00
10.964.29944 9.334.000 00

401.18753 89.726,861 62
2,693,097 48 43.60969 30.44562
3.825.894 02 9.567.63734
496.21937 640,586.428 56
16,955,73340 48.363 33
1,320.129 85 726.97476
1,164.61369 647.92030
17,343.566 08 14.373,466 17
7,38219 309,628.75243
512.27210 4.659,11052 7.817.04268 4.967.52967
791.72062 20,455.923 93
60.57353 389.08503 8.986.244 83 3.221.25791 6.925.507 75 1.099.658 82
26,928.127 28 20.204,460 54
208.04287
775,50004 67870 8344
8.663,436 17 3.371.25893 9.779.44701
280.10108 121,57914 154.714,98207 2,571.964 87 55.980.553 12
9.061.98108 3.103,589 17 17,846.10367 1,170.55852
290.807.008 30 1.677.17375 1,800,692 92
28,016.97450 8.528.072 87

See notes to the finanCial statements

- 35-

- - - -----------------------~-----

--

OFFICE OF TREASURY AND FISCAL SERVICES

EXHIBIT "M"

COMBINING STATEMENT OF CHANGES IN ASSETS AND LIABILITIES FIDUCIARY FUND TYPE - AGENCY FUNDS

YEAR ENDED JUNE 30, 2002

.EJ.lliQ
GEORGIA FUND 1 SUbsequent Injury Trust Fund Supenor Courts of Georgia AdministratIVe Office of the Courts ProsecUllng Attorney's Council Supreme Court of Georgia Offoce of Dispute ResolutIOn OffICe of Bar AdmISsIOns Transportallon. Departmem of Treasury and Fiscal 5elVlceS, Office of Authorities, C~I8S. CommiSSIOns, and Boards Brain end Spinal InJury Trust Fund Children's Trust Fund Land RegIStratIOn Assurance Fund

ASSETSI LIABILITIES JULY 1.2001

ADDITIONS

DELETIONS

ASSETSI LIABILITIES JUNE 30. 2002

S

35.773.53209 S

53,231.886 84 S

72.800,000 00 S

16.205.418 93

4,262.741 28 1,277.66954

2.751.60298 416.64947

2.724.964 21 392.00000

4.289.38005 1.302.31901

211.650 21 1,307.795 63 20.200.241 35

48.83958 1,289.76812 5.896.459 44

28.81500 1,124.364 17
193.47694

231.67479 1.473.19958 25.903,223 85

4,106.705,97602 2.757,01194 5.903,645 73 97,629 29

5.818,314,11049 5.292.679 88 7,808.52405 2.38614

5,559.331.36731 3.251.92266 4.209.04800

4.365.688.71920 4.797,769 16 9.503.121 78 100.01543

Total GeorgI8 Fund 1

$ 5,816,667.22831 S 9.102.245.15241 S 8.674.130.95808 S 6.244.781.42264

GEORGIA EXTENDED ASSET POOL AdministratIVe Servoces, Department of Risk Management/Self-Insurance Funds Georgl8 Ports Authonty Regents of the UnIVersity System of Georgia, Board of Various Colleges and UnlV8rs~les Stone Moumaln Memonel Assocl8tion Treasury and Fiscal 5ervices, Offoce of Authon1lfls, Citl8S, CommIssIOns. and Boards

S

63.731.754 86 $

34.141.65932

000

9.242.018 33

S

97.873.41418

9,242.018 33

5.032,978 22 6,183,19257

12.569,32089 4.217.83980

17.602,299 11 10.401.03237

9.045,659 12

226.077.63929 S

8.965.95897

226.157.339 44

Total Georgl8 Extended Assel Pool

S

83.993.584 77 S 286.248.477 63 S

8.965.95897 S 361.276.103 43

OTHER

AdministratIVe ServICes. Departmem of

Risk ManagementlSelf-lnsurance Funds

S

FII1ancing and InveS1ment CommiSSIOn, Georgl8 Sl8Ie

Georgl8 Higher EducatIOn Savings Plan

Insurance, Department of

Insurance Company RegUlatIOn Refund Account

Public Safely, Department of

Bureau of Safety Responslbil~y

Revenue, Departmem of

EducatIOn Local OptIon Sales Tax Collections

Payments to Departmem of Revenue

Cost of CollectIOns Withheld

June 30, 2002

Homestead Option sales Tax Collections

Paymems to Department of Revenue

Cost of CollectIOns Withheld

June 30, 2002

Income Tax Withholding Refund

Local OptIon Sales Tax Collections

Payments to Department of Revenue

Cost of Collections W~hheld

June 30. 2002

MARTA Sales Tax Collections

Payments to MARTA

Cost of CollectIOns Withheld

June 30. 2002

Railroad Car Tax Fund

Real Estate Transfer Tax

SpeCIal Purpose Sales Tax Collections

Payments to Department of Revenue

Costs of Collections W~hheld

June 30. 2002

Transportallon. Department of

Federal Reimbursements

Governo(s Road Improvement Program

270.362.547 07 S 000 000

915,224.092 25 S 519.875.471 59
108,33333

908.663.31592 $ 9.412.268 77

000

278.156.071 72

276,681.91099

52,51837

79.557,367 56

1.189,229,11260

1.160.253.46934 11,819,56307

5.936.443 49

86.047.58228

83,728.19841 855.25500

59.428.590 09 61.528.561 76

1.364.964.999 04 955,962.322 18

1.370.859.370 16
930.675.501 35 9.498.03326

18.874.12972

293.379.751 84

286.435.171 16 2.915.617 78

280.548 80 6,572.199 89 49.276.62091

46.387,205 02 738.058.466 99

45,767.917.21
720,271.81305 7.335.46652

31,812.41913 000

880.449.038 12 69.508.31201

878.461.74264 61.196.89609

276 923.323 40 510.463.20282
108.33333 1.474.160 73
52,51837
96.713.44775
7.400.572 36 53,534.218 97
77.317,34933
22.903.092 62 280,54880
7.191.48770
59.727.808 33 33.799,71461
8.311.41592

See notes to the financial statements

- 36-

OFFICE OF TREASURY AND FISCAL SERVICES

EXHIBIT"M"

COMBINING STATEMENT OF CHANGES IN ASSETS AND LIABILITIES

FIDUCIARY FUND TYPE - AGENCY FUNDS YEAR ENDED JUNE 30, 2002

BlliQ

OTHER

Treasury and F,scal ServIces, OffICe of

Casn Management Improvement Act

$

Federal F,nancl8l AsSIstance for

Payments to States ,n Ll8u of Real Estate Taxes

SChools and Roads Grants to States

Fireworks Manufacturers LIcense Fund

General Fund Transfers

Defined Contnbutlon Payments

Employees' Retirement System

Georgl8 Income Tax Wrthhold,ng Account

Healtll Insurance Payments

JudlClSl Retlrment System

LeglSla11Ye RetIrement System

Ment System Assessments

GeorgIa Extended Asset Pool AdmimstratlVe Fees

Georgl8 Fund 1 AdmlnoS1lllllve Fees

ASSETSI LIABILITIES JULY 1. 2001
000 $
000 000 1,00000
246.75785 21.929.707 18
7,584.495 19 17,264.744 66
173,21575 37,38264
000 000 1.483.301 31

ADDITIONS
78.83204 S
1.107.10214 1.221,004 87
3.572.223 46 199.733.231 54 80.375.12813 224.928,92034
2.248.561 34 394.30045
5,104.70772 39.550 10
2.132.085 84

DELETIONS

ASSETSI LIABILITIES JUNE 30. 2002

78.83204 $
1,107.10214 1.221,004 87
3.520.661 98 206.742.031 09 80,562.975 40 224,550.19547
2.230,275 12 400.24509
5.104.70772
2.172.848 76

000
000 000 1.00000
298.31933 14,920.90763 7.396.64792 17.643,46953
191.50197 31.438 00
000 39.550 10 1.442.538 39

Total Other

$ 632.402.551 37 $ 7.858.286,406 94 $ 7.292.522.39040 $ 1.198,166.56791

$ 6.533.063.364 45 $ 17.246.780.036 98 $ 15.975.619.30745 S 7,804.224.09398

See notes to the finanCial statements

- 37-

OFFICE OF TREASURY AND FISCAL SERVICES

SCHEDULE "1"

SCHEDULE OF APPROVED BUDGET

BUDGET FUND

"An STATE OF GEORGIA GENERAL OBLIGATION DEBT SINKING FUND (ISSUED)

YEAR ENDED JUNE 30, 2002

ORIGINAL

AMENDED

APPROPRIATION APPROPRIATION

TOTAL

FUNDS AVAILABLE

REVENUES State Appropriation

$ 575,708,563.00 $ 30,418,700 00 S 606,127,263.00

EXPENDITURES General Obligation Debt Sinking Fund

$ 575.708.563.00 $ 30,418.70000 S 606,127.263.00

See notes to the financIal statements

- 38-

OFFICE OF TREASURY AND FISCAL SERVICES

SCHEDULE "2"

SCHEDULE OF APPROVED BUDGET

BUDGET FUND

"B" STATE OF GEORGIA GENERAL OBLIGATION DEBT SINKING FUND (NEW)

YEAR ENDED JUNE 3D, 2002

ORIGINAL

AMENDED

APPROPRIATION APPROPRIATION

TOTAL

FUNDS AVAILABLE

REVENUES

State Appropriation

$=====0.0.0.==0 $ 133.741,900.00 $ 133,741,900.00

EXPENDITURES General Obligation Debt Sinking Fund

$=====0..0..==0 $ 133,741,90000 S 133,741,90000

See notes to the finanCial statements

- 39-

OFFICE OF TREASURY AND FISCAL SERVICES CASH AND CASH EQUIVALENTS JUNE 30, 2002

SCHEDULE "3"

NONINTEREST BEARING ACCOUNTS Mellon Bank, Atlanta, Georgia
Funds in Transit from Various Spending Units
INTEREST BEARING ACCOUNTS Bank of America, Atlanta, Georgia
SouthTrust Bank, N.A., Atlanta, Georgia First Union, Atlanta, Georgia
SunTrust Bank, Atlanta, Georgia Wachovia Bank, N. A., Atlanta, Georgia
OTHER Bankers' Acceptances Federal Home Loan Bank
Federal Home Loan Mortgage Corporation Federal National Mortgage Association Repurchase Agreements

$

49,819,17449

226,756,587.12 $

276,575,761.61

$

519,74947

27,763,641.48

685.86

0.76

1,156,372 20

29,440,449 77

123,906,41062 1,233,290,666.02
519,695,271.33 531,013,554.23 2,848,147,848.11

$ 5.562,069,961.69

See notes to the financial statements

- 40-

OFFICE OF TREASURY AND FISCAL SERVICES INVESTMENTS JUNE 30, 2002

CERTIFICATES OF PEPOSIT

Allentown Alma Atlanta Atlanta Atlanta Augusta Cairo Calhoun Chatsworth Columbus Dawson Dublin Eastman Ringgold Savannah Thomaston Valdosta Waycross Willacoochee

Four County Bank, The First NalJOnal Bank of Alma Crtlzens Trust Bank SouthTrust Bank, N A Summ~ Nabonal Bank, The Georgia Bank and Trust Company of Augusta Crtlzens Bank North Georgia Nabonal Bank First Nabonal Bank of Chatsworth, The SouthTrust Bank, N A Bank of Terrell Farmers and Merchants Bank CrtlZens Bank and Trust Company Gateway Bank and Trust Carver State Bank, The Bank of Upson First State Bank and Trust Company of Valdosta Blackshear Bank, The Peoples Bank, The

BANKERS'ACCEPTANCES CORPORATE OBLIGATIONS FEDERAL FARM CREDIT BANK FEDERAL HOME LOAN BANK FEDERAL HOME LOAN MORTGAGE CORPORATION FEDERAL NATIONAL MORTGAGE ASSOCIATION REPURCHASE AGREEMENTS U. S TREASURY NOTES

SCHEDULE "4"

CARRYING AMOUNT

S

200,00000

500,00000

3,000,000 00

62,250,000 00

9,500,00000

4,000,000 00

3,500.000 00

500,00000

2,000,000 00

47,250,00000

1,000.00000

10.050,00000

2.000,000 00

1,920,00000

100.00000

200.00000

8.000,000 00

8.600,000 00

100,00000

$ 164,670,00000

73.010.826 28

106,578 166 05

114.325.75000
'\
1,142,304.717 31

1.952,655.333 01

2,118,411,31522

800,000.00000

187,276.53149

$ 6,659.232.63936

See notes to the finanCial statements

- 41 -

OFFICE OF TREASURY AND FISCAL SERVICES

SCHEDULE "5"

GENERAL FUND

SCHEDULE OF STATE REVENUE COLLECTIONS BY DEPARTMENTS YEAR ENDED JUNE 30, 2002

COLLECTING UNIT
Administrative Services, Department of Properties Commission, State
Agnculture, Department of Audits and Accounts, Department of Banking and Finance, Department of Community Health, Department of Corrections, Department of General Assembly of Georgia Govemor, Office of the Human Resources, Department of Insurance, Department of Investigation, Georgia Bureau of Judicial Branch Labor, Department of Motor Vehicle Safety, Department of Natural Resources, Department of Pardons and Paroles, State Board of Public Safety, Department of Public Service Commission Revenue, Department of School Readiness, Office of Secretary of State Student Finance CommiSSion, Georgia Treasury and Fiscal Services, Office of Workers' Compensation, State Board of

$

7,810,35346

8,754,001.75

4.823,395 11

'16,906,05267

6,287,85754

11,554,896.87

197,33292

1,186,607 68

23.613,61217

299,792,91743

1,526,689 40

431,46370

27,515.99070

204.119,33936

42,073,201 23

1,565.47475

16.350,27091

20,042,90633

13.076,064.63766

14.06300

35.921,37925

552.488 11

185.897.34038

12.476.93540

$ 14,005,479,20778

See notes to the financial statements

- 43-

OFFICE OF TREASURY AND FISCAL SERVICES GENERAL FUND
ANALYSIS OF APPROPRIATION ALLOTMENTS YEAR ENDED JUNE 30, 2002

SPENDING UNIT
Leglslabve Branch General Assembly o! GeorgIa AudIts and Accounts, Depanment o!
JudiCia! Branch ExecutIVe Branch
Admlnlstrallve ServIces Depanmen: of Agncu~ture, Depanment of Banking and F,nance, Department of Commun~yAffaIrs. Depanment of CommunIty Heanh, Department of
"A" MecllCald Sennces "A" Tobacco Sattlement Funds "8" IndIQent Trust Fund "C" PeaChesre for K,ds "C" Tobacco Settlement Funds COrr&alOns Depanment of Defense. Department of EducatIOn, Depanment of "A" EducatIOn Depanment of "A" Tobacco Settlement Funds "B" Lottery for Edueabon "C" Office of School Read-ness "C" Lottery for EducatIon Forestry CommISSIon, GeorgIa Geogl8 Stale FinanCing and Investmem CommiSSIon Governor. OffICe of the "A" Govemor Office of the "A" Govemofs Emergency Fu",:: Human Resources, Depanment of State Funds Tobacco Settlement Funds Ir.dustry. Trade and Tounsm, Department of State Funds Tobacco Settlement Funds Insurance, Depanment of Investlgalton. Georgia Bureau of JuvenIle JUStIce. Depanmenl of Labor. Depanment of "A" Labor. Depanmer.t of '13" DIVISion of Rehabllrtatlon SaNteeS Law, Department of Motor VehICle Safety. Depanmem of Natural Resources. Depanment of Pardons and Parole. State Board 0' Personnel Board, Stale Ment System of Personnel Admlnlstratten Public Safety. Department of "A" Public Safety, Department of ''8'' Un~s Attached For AdmInIstratIVe Purposes Only Public School Employees' Re"rement System Pub:IC Service CommlsstOn Regents of the UnIversIty System of Geo'gla Board of
"A" ReSIdent InstructIOn
"A" ToDacco Selllement Funds "B" Regents Central Office SOld Other
Orga",zed ActIVities "B" Tooacco Selllement Fu.,ds "0" Lonery for EducatIon

LEGISLATIVE APPROPRIATION

APPROPRIATION FOR FISCAL YEAR 2002

GOVERNOR'S

EMERGENCY FUND

BUDGET ADJUSTMENTS

FUNDS LAPSED

$

35.289 123 00

29.616.07000

133.681.03300

53.661,69300 $ 45.694.16700 11.045.266 00 63.065.407 00

32.650 00 1.32300
2,948.81800

1246,815.13000 16.046291 00 148828.88000 51.910.91400 4.575,92200
914259.096 00 8541.200 00

$ 2500 00

5,937.443.571 00 30.000.000 00 73.280.354 00 1.265,054 00
236 706,647 00 38232.168 00 000

5.00000 1100000

43.562 563 00 16.170.66700

10315.54700 -16.167.97300

1.359.047.664 00 68.649,31400

416.500 00

28.61925900 34.131,677 00 15.909,654 00 65.556,735 00 272.603 934 00

1.395,000 00 92,50000

25.542.190 00 29.457.08300 15.368.631 00 92818.33200 156.750.46200 50,657.66200

2500000 15.000 00
124.50000 8.00000

000

64.815,13900 15.714.23000 12.238.22600
8.529.12800

285.000 00 37,50000

51.018,01500
s

1 515 776.917 00 16116.85700
227.256.298 00 3125000 OC
3168950000

13393500 232000C

-4.000,000 00 -2694 00
-1 000.000 00

See notes to the financial statements

- 44-

SCHEDULE "6" Page 1

NET APPROPRIATION

BAlANCE DUE SPENDING UNIT
JULY 1. 2001

CASH ALLOTMENTS
DRAWN

FUNDS
RETURNED BY SPENDING UNIT

SURPLUS LAPSED

BALANCE DUE SPENDING UNIT JUNE 30. 2002

$

35.289.123 00 $

29.616.07000

133.681.033 00

53.694.343 00 45.695.490 00 11,045.266 00 66,014.225 00

1,246,815.130 00 16.046.291 00
199,846.895 00 51,910.91400 4.575.922 00
914,261.596 00 8,541.200 00

5,933.448.571 00 30.000.000 00 73.280.354 00 1,265.054 00
236.706.647 00 38.243.168 00 000

53.878.11000 0.00

1.359.464.164 00 68.649.31400

28.619.25900 34.131,677 00 15.909.654 00 66.951,735 00 272696.434 00

25,567.190 00 29.472.083 00 15.368 631 00 91.818.332 00 156.874.962 00 50.665.66200

000

85.100.13900 15.751.730 00 12.238.226 00 8.529.12800

8.359.131 19 $ 738.522 76 571,034 38
59.93393 9.38295 277.71466 59.256.00549
96,291.525 72 1.220.528 26
29.767.358 25 16.399.12702
000 57.275.983 02
515.09629
75,284.257 25 000
172.125.500 58 274.20366
4.005,07933 222.13166
468.000.000 00
17.313.76361 000
17.730.45236 26.243.653 52
4.76779083 464.78200 000
1112.87980 000
1.406609 80 000
109,47164 000
3.578.258 26 76.93020
000
760.144 45 5.967.608 96
000 72.82206

30.684.435 94 27.814.136 25 130.485.766 35
53.721.70252 $ 45,311.195 99 10.978.06904 111,192.34309
1,254.591.40722 14.046.291 00
222.976,663 76 46.703.66709 1,143.98100 908.192.204 06 8.368.231 48
5.938.290.841 26 29.743.700 73 164.215.97915 1.496,570 99
236.193.89850 37.982.31596 28.617.12680
34.516.071 29
1,282.974.07509 50.055.804 52
28835.888 01 34 59645900 15730.21655 67.291 239 88 249.151.814 03
26.918.87986 29472.08300 1486778265 79.270.330 04 154.022.76019 50.533.682 99
85.047.17311 21.309.44109 12.238.22600
7.548.362 14

$ 745.544 00 31.358.156 00

-6.496.05843 $ -60514167 .0184.11281
-745.544 00 -37612735 -169.52678 1.556,23551
.019.525.523 18

-205.51576
-8.210.43962 -140.25743
-10.692.733 57
-6 452.567 26 .012.68667
-1.338.27674 .0155.004 78
.0116.000.000 00
-6 556.753 29

1.224.799 00 1.287.74000
511.29000

-34.132.67777 -6.712.97478
.1.698.68909
-66.79101 -77.06000 -52.40895
-1.342.65994
.0104.49746
-706 765 55 -20890921
-511.290 00
-81311034 .010989787
.018891898

6,467.759 82 1.935.31484 3.282. 188 22
32.57441 17.54961 175.384 84 12.521.651 89
70347.881 32 3.220.52826 6637.58949
21.400 858 17 3431.94100
55.134 935 34 547.80738
59 749.253 42 256.29927
74.737.30817 000
3.179.551 09 2'.97892
23.382.873 20
30 119.04903 000
6008786350 38 124.18822
4077.27173 000
11264644 696 314 92 23.492211 02
000 000 20582253 12.548 001 96 5.723.69452 000
000
000 000 000 564.66894

1,515.910852 00 16.116.857 00
227.279,498 00 3.125.000 00
31,689.500 00

000

1.514019.84943

000

16116.85700

000

226.513034 31

000

312500000

000

31498.21349

-1.788.00257
-758464 69 -191.286 51

103.000 00 000
799900 000
o CQ

- 45-

OFFICE OF TREASURY AND FISCAL SERVICES GENERAL FUND
ANALYSIS OF APPROPRIATION ALLOTMENTS YEAR ENDED JUNE 30, 2002

SPENDING UNIT
ExecutIVe Branch Revenue. Depanment of State Funds Tobacco Settlement Funds Secretery of State "A" Secretary of State "B" Real Estate CommIssion SOIl and Water ConservetlOn CommIssIon. State Student Finance CommissIOn. GeorgIa "A" StUdent Finance CommIssIon ''8'' Lottery for EducatIon Teacners Retirement System TechnICal and Adult EducatIon. Department of "A" TechnIcal and Adutt EducatIon Depanment of "8" Lottery for EducatIOn Transportatron. Department of Transponatlon. Department of Operations (Motor Fuel Tax Funds) Treasury and F,scal ServIces Office of General ObligatIOn Deb! SInkIng Fund, State of GeorgIa Issued
New
Guaranteed Revenue Debt Common Reserve Fund, State of GeorgIa
Old State 08bt Veterans Sel'VJce, State Department of Workers' Compensation. State Board of

LEGISLATIVE APPROPRIATION

APPROPRIATION FOR FISCAL YEAR 2002

GOVERNOR'S

EMERGENCY

BUDGET

FUNDS

FUND

ADJUSTMENTS

LAPSED

$

350.722,734 00

000

34.480.734 00 $ 2.288.77400 3.506.083 00

42,382.42500 36' .403.930 00
3.090.000 00

268.627.27900 000

'4. '2896' 00
700.074'9200

20'.00000 40,00000
$

606. , 27.263 00 133.74'.900 00
000 000 22 606.320 00 12064.526 00

54.000 00

$

-9.08000

014 .{) 14

-'50.000 00 .{) 14

~,57500

$ '5.8253'0.22900 $ =====0=00::$ 5'0'801500 $===-5....:;16;:8::;34:=.9.1.4=

See notes to the finanCial statements

- 46-

SCHEDULE "6" Page 2

NET
APPROPRIATION

BALANCE DUE
SPENDING UNIT JULY 1, 2001

CASH
AUOTMENTS DRAWN

FUNDS RETURNED BY SPENDING UNIT

SURPLUS LAPSED

BALANCE DUE SPENDING UNIT JUNE 30, 2002

S

350.722,734 00 S

46.425.07540 S

366,029,22047

000

250,00000

34,681.734 00 2,328.n400 3,497,003 00

2,459.204 93 514.12910
1.618.108 90

33,351.152 58 2,27442892 3,524.307 05

42,382,425 00 361,403,930 00
3,090,000 00

000 1.580.309 96
000

42.380.444 00 S 359.022,14943
3.090,000 00

268,4n,279 00 000

712,89904 2,422.64641

259,312.52768 2,422,646 41

14,128.961 00 700,074.191 86

63.895.671 29 1.098.137,33907

20.929,889 76 621.355.368 40

S
108.95339 374.69398 312,96200

-8.857.624 12 S -15051927

22.260964 81 9948073

-20382624 -147.09935
-690 12

358596011 42137483
1.590.11473

-108,95339 -277.98256 -374.69398

1.98100 3.684 10797
000

-1.278,04782 -312.96200

8.599.602 54 000

-877.55995

57094.74253 1 175.978.60358

606 127,263 00 133,741,900 00
000 000 22.653,74500 12,064.526 00

135.253.964 20 000
000 26.98000 1,139.489 55 42.00645

512,927477 49 133,74190000
21.768.193 49 12.068,358 57

2,027.05205

-2.027.05205 -19304 OS

228,453. 74971 000
000 2698000 2025041 OS le 869 82

S 15.871.159.894 86 S 2.424.735,508 19 S 15.732601.83610 S

37.951 19042 S -575 053.223 48 S 2025191 53389

- 47-

OFFICE OF TREASURY AND FISCAL SERVICES GENERAL FUND
RECONCILIATION OF SURPLUS LAPSED YEAR ENDED JUNE 30, 2002

SCHEDULE "7"

Surplus Lapsed per Report of the State Auditor for Year Ended June 30, 2001 AdJustments' Fiscal Year 2001 DefiCit Funded In Current Year Veterans Service, State Deparrnent of Fiscal Year 2002 Early Remittance of Surplus General Assembly of Georgia Community Health, Department of Georgia State Financing and Investment CommiSSion Govemor, Office of the Guaranteed Revenue Debt Common Reserve Fund Industry, Trade and Tourism, Department of Labor, Department of Personnel Board, State - Merit System of Personnel AdmlnrstratlOn

$ 117.850,521.18
704,83207
1.000,000.00 31.358,15600 416.000,000.00
3.088.833 18 2.027,05205 1.224.799.00 1.287.74000
511.29000

Total Surplus Lapsed per Analysis of Appropriation Allotments

$ 575.053.223 48

See notes to the finanCial statements

- 49-

OFFICE OF TREASURY AND FISCAL SERVICES DEBT SERVICE FUND
SCHEDULE OF BONDS OUTSTANDING JUNE 30, 2002

Interest Rate Range
Onglnallssue
Less Bonds Redeemed Bonds Defeased

TOT.AL

SERIES 1990B

SERIES 1991A

125%-770%

625% -770% 575% -7 70%

$ 8.948,865,000 00 $ 96,845,000.00 $ 226,260,000 00

2,735,015.000.00 155,555,000 00

40,100,00000 56.745.00000

115,890,00000 98.810,000.00

Bonds Outstanding June 30, 2002
Matunng
2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022

S 6.058,295.000 00 S===~O,;:OO;;",S 11.560.00000

November 1

February 1

$ 246,865,000 00 S 424.505,000 00 447,965.00000 459,155,000.00 454,420,000.00 430,030.000.00 399,100,000 00 419,140,00000 427,100,00000 380,930,000 00 358,225.000 00 311,320,00000 268,735,00000 275,100.000.00 184,365,00000 173.760,00000 136.865,000 00 94,065,000 00 81,345,000 00 51,240,00000 34.065.000 00

000 $ 11,560,000 00

$ 6,058.295.000.00 $===~O,;:OO;;",$ 11.560,00000

See notes to the finanCial statements

- 50-

SCHEDULE "8" Page 1

SERIES 1991C

SERIES 19910

SERIES 1992A

SERIES 19928

SERIES 19920

525%-770% 300%-7.00% 580% -6 30% 5.50% -6 75% 350%-740%

$ 274,495,000.00 $ 271,735,00000 S 169.735,000.00 S 395,905,00000 $ 278,710,000.00

109,055,000.00 122,220,00000

68.370,000 00 138,735,000.00 128,095,00000

S 165,440.000.00 S 149,515,00000 $ 101,365.00000 $ 257,170,00000 S 150,615.00000

April 1

November 1

March 1

March 1

August 1

$ 12,520,000 00

S 12,360,00000

$ 13,990,00000

13,660,000 00 $ 15,790,000.00 S 19,045,00000

13,280,000 00

14,700,00000 14,640,00000

20,440,000.00

20,360,000 00

14,270,00000

16,260,000 00 15,670,000 00

21,420,000 00

20.575,000 00

15,300.000 00

17,520,000.00 16,780,000.00

18,785,000.00

23.200,000.00

15,445,000.00

18,870,000.00 17,960,000.00

24,930.00000

24,745,000.00

17,700,000.00

20,320,000.00 19,220,000.00

26,440,000.00

19,020,000 00

21,880.00000 20,580,000 00

28,220,000.00

20,145,000.00

23,570.000 00 17.230,00000

30,120,000.00

20,320,000.00

18,330.000 00

1,255,000 00

31,150,000.00

2,610,00000

33,315,000.00

165,00000

$ 165,440.00000 S 149,515.00000 $ 101,365,000.00 S 257,170.00000 $ 150.615,00000

- 51 -

OFFICE OF TREASURY AND FISCAL SERVICES DEBT SERVICE FUND
SCHEDULE OF BONDS OUTSTANDING JUNE 30, 2002

Interest Rate Range
Onglnallssue
Less. Bonds Redeemed Bonds Oefeased

SERIES 1993A

SERIES 1993C

SERIES 19930

345%-745% 250% -6 50% 250% -6 50%

$ 64,245,000.00 S 254,880,000 00 $ 92,550,000.00

34,415,00000 109,415,00000

52.270.000.00

Bonds Outstanding June 30, 2002
Maturing
2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022

S 29.830,00000 $ 145.465,000.00 S 40,280,00000

January 1

July 1

August 1

$ 10,120,000 00 $ 3,850,000 00

$ 2,850,000 00

11,190,00000

4,090,000.00

3,040,000.00

12,190,00000

4,430,000.00

3.250,000.00

13,070,000.00

4,750,000.00

3.530,000 00

14,010,000.00

5,090,000 00

3,800.000 00

15,020,000.00

5,450,000 00

4,080,000.00

16,100,00000

5,850,000 00

4,380.000 00

14,070,00000

6,270.000 00

4,710.00000

16.470,00000

190,00000

19.430,00000

500.00000

20,00000

3.775,000.00

$ 29.830,00000 $ 145.465.00000 S 40.280,00000

See notes to the finanCIal statements

- 52-

SCHEDULE "8" Page 2

SERIES 1993E

SERIES 1993F

SERIES 19948

SERIES 19940

SERIES 1994E

240% -6.00% 250%-650% 200% -5 95% 280%-680% 350% - 675%

$ 599,820,000.00 S 345,410,00000 S 215,870,00000 $ 251,390,00000 S 104,820,00000

325,940,000.00 185,000,00000

80.020,000.00 95,135,00000

31,660.000 00

S 273,880,00000 S 160,410,00000 S 135,850.000.00 $ 156.255.00000 S 73,160,00000

July 1

December 1

March 1

August 1

December 1

$ 36,830,000.00 S 14,380,00000

$ 9,930,000 00 $

53,370,000.00 15,410,00000 S 9,370,00000 10,610,00000

61,490,000.00 16,520.000.00

9,930,00000 11,330,000 00

65,715,000.00

17,710.000.00

10,520,00000 12,100,00000

43,835,000.00

18,925.000.00

11,140,00000 12,920,00000

12,640,00000 20,350,00000

11.800,000 00 13,800,00000

21,820,000.00

11.510.00000 14,740,000.00

23,390,000 00

13,250,00000 15,725.000.00

11,520,000 00

14,040,00000 16,810,00000

14,880,00000 17,960,00000

15,350.000 00 19,180,00000

385,000.00

14,060,00000

1,150,000 00

4,150,000.00 4.430,00000 4.730,00000 5,050,000 00 5,390,000 00 5,750.00000 6,140.00000 6,560,000 00 7,000,00000 7,470.00000 7,980.000.00 8,510,00000

$ 273.880.00000 S 160.410.000.00 S 135,850.00000 S 156.255.00000 S 73,160.00000

- 53-

OFFICE OF TREASURY AND FISCAL SERVICES DEBT SERVICE FUND
SCHEDULE OF BONDS OUTSTANDING JUNE 30, 2002

SERIES 1995B

SERIES 1995C

SERIES 19950

Interest Rate Range

320% -7.20%

3.25% -7 25%

3.25% - 7.25%

Onglnallssue
Less Bonds Redeemed Bonds Oefeased

S 328,210,000 00 S 303.215,000 00 $ 227,285.000 00

121,240,000.00

67,550.00000

87,630.00000

Bonds OutstandIng June 30, 2002
Matunng
2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022

S 206,970.000 00 S 235,665.000 00 S 139.655.00000

March 1

July 1

September 1

$ $ 12.740,00000
13,660,00000 14,640.00000 15,700,000.00 16,830.00000 18,040,00000 19,340,00000 20,730,00000 22,220.000 00 23,830.000 00 25,540,000 00
3,700,00000

10.820.00000 S
11,610,00000 12,450,00000 13,350,00000 14,320.00000 15.360.00000 16,470.000 00 17,670,00000 18.950.00000 20.320.000 00 20,000,00000 23,380,00000 14.060.00000 26.905.000 00

8,210.000.00 8.810,00000 9.440,00000 10,130.000 00 10.860,000 00 11.650.00000 12.490.000.00 13.400.00000 14.370.00000 15.410.00000 16,530.00000
5.255.000 00 3,100.00000

S 206,970.00000 S 235.665.00000 S 139.655,00000

See notes to the finanCial statements

- 54-

SCHEDULE "8" Page 3

'SERIES 19968

SERIES 1996C

SERIES 1997A

SERIES 19978

SERIES 1997C

2.25% - 6.25%

225%-625%

600%-6.25%

4.25%-4.50%

225%-625%

$ 397,890,000.00 S 65,340,000.00 S 307,195,00000 S 16.435,00000 S 240,440,00000

107,220,000.00

20,270,000 00

96.125,000.00 13,015,00000 83.020.000.00

$ 290,670.00000 $ 45,070,000.00 $ 211,070.00000 $ 3.420,00000 $ 157.420,00000

Apnl1

August 1

Apnl1

August 1

August 1

$ $ 15,150,000 00
16,100,00000 17,100,000.00 18,170,00000 19,310,00000 20,510,00000 21,790,000.00 23,160,00000 24,600,00000 26,140,000 00 27,770,000.00 29,510,000.00 31,360,00000

2,280,000 00
2.430,000 00 S
2,590,000 00 2,770,000.00 2,950,00000 3,150,000 00 3,360,000 00 3,590,000 00 3,830,000 00 4,080,000 00 4,360,00000 4,650,000 00 4,960,000 00
70,00000

S
11,010,000 00 11,700,000 00 12,430,000.00 13.200,00000 13,880.00000 14,900,00000 15,840,000 00 16,830.00000 17,880,00000 19,000,00000 20,180,00000 21,440,000 00 22,780,000 00

3,420,000 00 $

8.110,000 00 8,620,000 00 9,150,000 00 9,730,000.00 10,330.00000 10.980.000 00 11,670,000 00 12.400.00000 13,170,00000 13,990,00000 14,870,00000 15,800,000 00 16,750,000.00

350,00000 1,500,000 00

S 290.670,000.00 S 45,070.00000 S 211.070.000.00 S 3.420,000 00 $ 157.420.00000

- 55-

OFFICE OF TREASURY AND FISCAL SERVICES DEBT SERVICE FUND
SCHEDULE OF BONDS OUTSTANDING JUNE 30, 2002

Interest Rate Range
Oflglnallssue
Less. Bonds Redeemed Bonds Defeased

SERIES 1998A

SERIES 1998B

SERIES 1998C

405%-425%

1.75%-5.75%

175%-5.75%

$ 26,940.00000 S 299.410,000.00 S 220,645,00000

16,430,000.00

74,005,00000

43,210,000.00

Bonds Outstanding June 30, 2002
Maturing
2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022

$ 10,510.00000 S 225.405,000 00 S 177.435,00000

July 1

July 1

September 1

S 4,640,000.00 S 9,890,000 00 $ 8.890,000.00

5,870,000 00

10.460,000 00

9,425,00000

11,060,000.00

7.530.00000

11,690,000 00

8,000,000 00

12,370,00000

8,500,000.00

12,980,00000

9.030,00000

13,830.00000

9.590,000 00

14,620,00000 10,190.000 00

15,460,000 00

10.830.000 00

16,350,000.00 11,510,00000

17,290.00000 12,230.000 00

18,290,000 00 12,990.000 00

19,340,000 00 13,800.000 00

20,450,000 00 14.660,00000

21,130.000 00 13,755,00000

195,00000 15,730.00000

775,00000

$ 10.510,000.00 S 225.405.00000 S 177.435,00000

See notes to the financial statements

- 56-

SCHEDULE "8" Page 4

SERIES 19980

SERIES 1998E

SERIES 1999A

SERIES 19998

SERIES 1999C

1.25%-5.25%

350%-5.25%

4.00%-5.00%

175%-575%

430%-500%

$ 172,610,000.00 S 142,425,00000 S 26,825,000.00 S 331,760.000.00 S 7,485,00000

54,670,000 00 42,040,000 00

9,880,000.00

67,195,00000

2,760.00000

$ 117.940.00000 S 100.385.00000 S 16.945.00000 $ 264,565,00000 $ 4.725.00000

October 1

February 1

August 1

August 1

November 1

$ 5,590,000 00

$

5,920,000.00 S 9,065,000 00

6,280,000 00 18,505,000 00

6,660,000 00 11,075,000 00

7,060,000 00 12.955,00000

7,480,00000 11,970,000 00

7,870,00000 11.430,000 00

8,400,000.00 11,460,000 00

8,910,00000 13,925,00000

9,440,000 00

10,010,000.00

10,610,000.00

11,250,000.00

11,920,000.00

540,00000

5.350,000 00 S 5,640,000 00 5,955,000.00

10,310.00000 S
10,910.00000 11,550.000 00 12,220,00000 12,920,00000 13,670,000 00 14,470,00000 15,310,000.00 16.190,00000 17.130,00000 18,130.00000 19,180,000.00 20.290.000 00 21,470,000 00 22,710.00000 24,030,000 00 3,730.00000
345,000.00

1,490.000 00 1,570.000 00 1,665.000 00

$ 117.940,00000 $ 100,385.00000 $ 16.945.00000 S 264.565.00000 S 4,725.00000

- 57-

- - - - - - - - - - - - - - - - - - - - - - - - - --~--------------

OFFICE OF TREASURY AND FISCAL SERVICES DEBT SERVICE FUND
SCHEDULE OF BONDS OUTSTANDING JUNE 30, 2002

Interest Rate Range
Onginallssue
Less Bonds Redeemed Bonds Oefeased

SERIES 19990

SERIES 2000A

SERIES 2000B

2.80%-580%

500%-580%

450%-500%

S 320,130.00000 S 108,515,00000 S 23,380,00000

44,260,000 00

6,200,000 00

4,190,000 00

Bonds Outstanding June 30, 2002
Maturing
2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022

$ 275,870,000 00 S 102.315,00000 $ 19.190,00000

November 1

March 1

July 1

$ 9,950,000.00 10,530,000.00 $ 11,140.000.00 11,790,000.00 12,470,000.00 13,190,000.00 13,960,00000 14,nO,OOo 00 15,630,00000 16,530,00000 17,490,00000 18,500,00000 19,580.00000 20,710,00000 21,910,000 00 23,190,000 00 24,530,000 00

S 3,370,000.00 3,570,000 00 3,780,00000 4,000,000 00 4,230,000 00 4,470,00000 4.730,00000 5,010,000 00 5,300,000 00 5,600,000 00 5,930,00000 6,270,000 00 6,640,000 00 7.020.00000 7,430,00000 7,860.00000 8,320,000 00 8,785,00000

4,420,000 00 4,660,000.00 4.920.000.00 5,190,00000

$ 275.870,00000 $ 102.315.00000 $ 19.190.00000

See notes to the finanCial statements

- 58-

SCHEDULE Ua"
Page 5

SERIES 2000C

SERIES 20000

SERIES 2001A

SERIES 20018

SERIES 2001C

400%-600%

400%-600% 4.00%-5.00% 400%-525%

325%-400%

$ 277,795,000.00 S 266,105,00000 S 60,905,000.00 S 352,110,00000 $ 40,280,000.00

41,605,000.00

7,090,00000

43,800,000 00

$ 236,190,00000 S 259,015.00000 S 60,905,00000 S 308,310,00000 $ 40.280,000 00

July 1

October 1

July 1

July 1

November 1

S 7,810,000.00 $ 7,335,000.00 S 10,920,00000 S 9,570,000 00 S

8,300,000.00

7,810,000.00 11,520,000 00

9,915.00000

8,820,000.00

8,310,000.00 12,150,000.00 10,760,00000

9,370,000 00

8,845,000 00 12,810,000.00 11,400,000 00

9,950,00000

9,420,000.00 13,505,000.00 12,080,00000

10,580,000 00 10,025,00000

12,810,00000

11,240,000 00 10,670,000 00

13,580,00000

11,940.00000 11,360.000 00

14,390,000.00

12,690,00000 12,095,00000

15,260,000.00

13,480,00000 12,875,00000

16,170,00000

14,320,00000 13,705,00000

17,140,00000

15,220,000 00 14,590,00000

18,170,00000

16,170,00000 15,530,000 00

19,260,000.00

17,180,000.00 16,535,00000

20,420,000.00

18,250,000.00 17,600,000.00

21,640,000.00

18,380,000.00 18,735,00000

22.940,000.00

20,600,000.00 19,745,00000

15,625,000.00

11,890,000.00 21,230.000.00

18,370,000 00

22,600,000.00

9,860,000.00

18,950,000.00

7,220.00000 7,620.000.00 8,030,000.00 8,470,00000 8,940,000 00

$ 236.190,00000 $ 259,015,00000 S 60.905,00000 S 308,310,000.00 $ 40,280,00000

- 59-

- ._-------------------~~-~-~-~-=~-=~~-~-------------------------

OFFICE OF TREASURY AND FISCAL SERVICES DEBT SERVICE FUND
SCHEDULE OF BONDS OUTSTANDING JUNE 30, 2002

SCHEDULE "S" Page 6

Interest Rate Range
Original Issue
Less Bonds Redeemed Bonds Oefeased

SERIES 20010

SERIES 2002A

SERIES 2002B

325%-500%

350%-420%

3.50%-525%

$ 238.940,000.00 $ 74,460.00000 $ 429.465,00000

45,290.00000

Bonds Outstanding June 30, 2002
Maturing
2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022

S 193~650.000 00 $ 74,460.00000 $ 429.465.000.00

November 1

May 1

May 1

$ 6,500,000.00 6.890,000.00 $ 7,300,000.00 7,740,000.00 8,200,000 00 8.690,000.00 9.210,000.00 6,490,000.00 10.350,000.00 10,970,00000 11,630,000.00 11,600,000.00 13,070,000.00 13,850,000.00 14,690,00000 15,570,00000 16.500,00000 4.900,000 00 9.500,000 00

13,695.000 00 $ . 12.320,00000

14.270.000.00

12,990,00000

14,865,00000

13.710.000.00

15,490.00000

14,460.000.00

16,140.00000

15,260,000 00

16,100,000 00

16,980,000 00

17.920.00000

18.900,00000

19.940,000.00

21,040.000.00

22,200,00000

23,420,000 00

24,700,00000

26.060.00000

27.500,00000

29.010,00000

30,600,00000

32,290.000 00

34.065.000 00

S 193.650,000.00 S 74~460.000 00 S 429.465.00000

See notes to the financial statements

- 60-

19908 1991A 1991C 19910 1992A 19928 19920 1993A 1993C 19930 1993E 1993F 19948 19940 1994E 19958 1995C 19950 1996B 1996C 1997A 19978 1997C 1998A 1998B 1998C 19980 1998E 1999A 1999B 1999C 19990 2000A 2000B 2000C 20000 2001A 2001B 2001C 20010

OFFICE OF TREASURY AND FISCAL SERVICES

SCHEDULE "9"

DEBT SERVICE FUND SCHEDULE OF PRINCIPAL AND INTEREST EXPENDITURES
ON GENERAL OBLIGATION BONDS YEAR ENDED JUNE 30, 2002

PRINCIPAL (BONDS REDEEMED
ATPARj

INTEREST

TOTAL

S 4,520,000 00 $

149,16000 S 4.669.160.00

10,730,00000

1,348.960 00

12,078,96000

13,020,000.00

11,347,00500

24,367,00500

22,930,000.00

10,278,16000

33,208.16000

12,325,00000

6,924,13250

19,249,13250

17,610,000.00

16,884,78250

34,494,782.50

13,300,000 00

9,735,75250

23,035,752.50

2,650,000 00

2.142,27500

4,792,27500

9,945,000.00

8,281,537 50

18.226,537.50

4,590,000 00

2,595,030.00

7,185,03000

49,545,000 00

15,325,70874

64,870,708.74

13,310,000.00

10,601.90500

23,911,905 00

8,790,000 00

8,153,17000

16,943.17000

10,825,000.00

10,515.975.00

21,340,975 00

8,890.000 00

5,069.587.50

13,959,587 50

11,890,000 00

14,270.52000

26.160.52000

10,090,00000

13,647,51500

23.737,51500

7,650,000.00

9.256.650 00

16.906.65000

14,260,00000

17,429,03500

31,689,035.00

2,155,000.00

2.879,18250

5,034.18250

10,360,00000

13,782,42500

24,142,42500

3,440,000 00

218,45000

3,658,450 00

7,630,000.00

9,793,81250

17,423,81250

5,380,000 00

542.915.00

5.922.91500

9,350,000.00

12.749,65000

22,099.650 00

8,390,000.00

9,368,500 00

17,758,50000

5,270,000.00

6,323,437.50

11,593,437.50

3,865,000 00

5.237,487 50

9.102,487 50

5,070,000 00

816,14500

5.886.14500

9,840,000.00

15,424.625 00

25,264,625 00

1,420,000 00

241,80000

1.661.80000

9,410,000.00

16.261,75500

25,671,755.00

3,190,000.00

5.953.685.00

9,143.68500

4,190,000.00

1,018.200 00

5,208.200 00

17,350.00000

13,934,24000

31,284,24000

6,930,000.00

14.205,30000

21,135,30000

000

1,282,150 00

1,282.150 00

43,800,000 00

7.983,61875

51,783,61875

000

749.95000

749,950.00

45.290,000 00

4.435,187 50

49.725.18750

$ 449.200.000.00 $ 317.159.377 49 $ 766.359,377 49

See notes to the financial statements

- 61 -

OFFICE OF TREASURY AND FISCAL SERVICES

SCHEDULE "10"

FIDUCIARY FUND TYPE - AGENCY FUNDS ANALYSIS OF PAYMENTS TO COUNTIES OF EARNINGS ON FEDERAL LANDS

PAYMENTS TO STATES IN LIEU OF REAL ESTATE TAXES

YEAR ENDED JUNE 30, 2002

COUNTY
Bartow Cherokee Cobb Columbia Dawson Decatur Forsyth Franklin Gilmer GWlnnett Hall Hart Lincoln McDuffie Seminole Troup

50% SCHOOLS
S 67,51306 $
105,31837 16,26554 6,37949 10,68750 5,255.20 73,136.51 2,906.25 4,094.79 15,781.29
215,094.63 14,64855 5,51501 1,30995 82922 8,81574

50% ROADS

TOTAL TO COUNTIES

67,51305 S
105,31837 16,26554 6,37949 10,68750 5.25519 73,136.51 2,906.25 4,094.78 15,781.29
215,09462 14,648.55 5,51500 1,30994 82922 8.81574

135,026.11 210,636.74
32,531 08 12,75898 21,37500 10,510.39 146,273.02
5,812.50 8.18957 31,56258 430.18925 29,297.10 11,030.01 2,61989 1,65844 17.63148

$ 553,55110 $

553,55104 $ 1,107.10214

The distribution of$1,107,102 14 represents 75% of the receipts from the leasing of land acquired by the United States Department of Defense, Army Corps of Engineers for the fiscal year ended September 30, 2001 for flood control, navigation and allied purposes

See notes to the financial statements

- 62-

OFFICE OF TREASURY AND FISCAL SERVICES

SCHEDULE "11"

FIDUCIARY FUND TYPE - AGENCY FUNDS

ANALYSIS OF PAYMENTS TO COUNTIES OF EARNINGS ON FEDERAL LANDS

SCHOOLS AND ROADS - GRANTS TO STATES

/

YEAR ENDED JUNE 3D, 2002

FOREST

COUNTY

NET-FOREST

50%

AREA ACRES SCHOOLS

50% ROADS

TOTAL TO COUNTIES

Chattahoochee

Banks Chattooga Dawson Fannin Floyd Gilmer Gordon Habersham Lumpkm Murray Rabun Stephens Towns Union Walker Whrte Whitfield

650 S 30390 S

19,390

9,066.35

6,760

3,190.95

106,104 49,687.65

6,621

3,089.65

54,718

25,628.90

8,076

3.79875

39,873

18,689.85

56,942

26,64190

51,354

23,85615

148,641

69,491.80

23,304

10,78845

57,538

26,844.50

97,866

45,68630

18,844

8,76245

41,277

19,398.95

11,720

5,470.20

303.90 $ 9,06635 3,19095 49,68765 3,08965 25,62890 3,79875 18,68985 26,64190 23,856.15 69,491.80 10,788.45 26,84450 45,68630 8,76245 19,39895 5,47020

607.80 18,13270
6,38190 99,375.30
6,17930 51,25780
7,597.50 37,379.70 53,28380 47,712.30 138,983.60 21,576.90 53,68900 91.37260 17,52490 38,79790 10.94040

Total Chattahoochee Forest

749,678 S 350.39670 S 350.39670 S 700,79340

Oconee

Greene Jasper Jones Monroe Morgan Oconee Oglethorpe Putnam

26,658 S 30,316 16,460
250 429 157 3,762 37,443

63,261.85 $ 65,389.15 38,29140
1106 1,01300
695 8,81310 83,31925

63,26184 S 65,38914 38,29140
11 05 1,01300
694 8,81310 83.319.24

126,52369 130,778.29
76,582.80 2211
2,02600 1389
17,62620 166.63849

Total Oconee Forest

115,475 $ 260,10576 $ 260.10571 S 520.21147

Grand Total

865,153 S 610,50246 S 610,50241 S 1,221,00487

The payments of S 1,221,004 87 represent 25% of the Schools and Roads - Grants to States receipts from the United States Department of Agriculture for the fiscal year ended September 30. 2001 ThiS dIStribution IS based upon the National Forest Area - Acr:es by counties located m the Chattahoochee and Oconee National Forests as fumlShed by the Umted States Department of Agriculture, Forest Service The above amounts are prorated 50% for schools and 50% for roads in each county

See notes to the financial statements

- 63-

SECTION II STATISTICAL SECTION TEN YEAR HISTORICAL SUMMARY OF SELECTED FINANCIAL DATA
GENERAL FUND

OFFICE OF TREASURY AND FISCAL SERVICES TEN YEAR HISTORICAL SUMMARY OF SELECTED FINANCIAL DATA
GENERAL FUND UNRESERVED SURPLUS BALANCES

For the Year Ended June 30 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002

S

000

$

000

$ 11,842,516.21

$ 216,436.92465

$ 524,974,958.28

$ 543,948,04344

$ 702,809,459.99

$ 906,138,21441

S 815,422,37051

$ 174,191,18874

- 1-

OFFICE OF TREASURY AND FISCAL SERVICES TEN YEAR HISTORICAL SUMMARY OF SELECTED FINANCIAL DATA
GENERAL FUND FUNDS AVAILABLE AND EXPENDITURES

YEAR ENDED JUNE 3D, 1993

YEAR ENDED JUNE30. 1994

YEAR ENDED JUNE 30.1995

YEAR ENDED JUNE 30,1996

FUNDS AVAILABLE

Revenues State Revenue CollectIOns

S 8,346.376.90739 $ 8.906,515.80925 $ 9.625,658.47456 S 10.446.184.45890

Department of Community Health Indigent Care Trust Fund

000

140.440,391 00

163,033,326 00

162.177,24600

Georgia World Congress Center Consulhng Fees

000

150,00000

000

000

Lottery For Educahon Lottery Proceeds Interest Earned

000

360,000,000 00

000

2.420,74277

503.063,01603 11.818,244 05

543.233.898 00 15,239,988 68

Tobacco Settlement Funds Settlement Received Interest Earned

000

000

000

000

000

000

000

000

Vitamin Purchaser Settlement Agreement

000

000

000

000

U S Department of Energy Grants

34,221 94

35.14772

36.12671

36.66940

U S Department of Treasury Reimbursements for CMIA

000

000

36.32057

53000

$ 8.346.411.12933 $ 9.409,562.09074 S 10.303.645.50792 S 11.166.872.79098

EXPENDITURES

Operahng Allotments State Funds Lottery for Educahon Tobacco Settlement Funds
Debt Rehrement Allotments

$ 7,848.749,33931 $ 8,489.810,968 38 $

000

222,779,74200

000

000

9,290.325.468 63 $ 9,982.932.292 50

471,949.238 00

475,582,741 00

000

000

398.866,359 00 456.487.57300

481.730.43500

524.313.20300

Surplus Funds Lapsed State Funds Lottery for Educahon Tobacco Settlement Funds

-66.468,094 77 000 000

-56.157.11392 000 000

-74.433.281 67 -5.162.09223 000

-101,064,53028 -7.739.754 20 000

Total Allotments

$ 8,181,147.60354 $ 9.112.921.16946 $ 10,164.409.76773 $ 10,874.023.95202

Excess of Revenues Over/(Under) Expenditures 165.263.52579

296.640,921 28

139.235.74019

292.848.838 96

$ 8.346.411.12933 $ 9.409.562,09074 S 10.303.645.50792 S 11.166.872.79098

-2-

YEAR ENDED JUNE 30,1997

YEAR ENDED JUNE 30. 1998

YEAR ENDED JUNE 30.1999

YEAR ENDED JUNE 30. 2000

YEAR ENDED JUNE 30. 2001

CURRENT YEAR ENDED JUNE 30, 2002

$ 11,131.393,54940 $ 11,718,182.31949 $ 12.696,109,79609 $ 13.781.937,49237 $ 14.688,987,80325 S 14.005.479.20778

180,808.601 00

194,125,74300

181,164,88200

261,900.357 00

194,209.858 00

199.846,89500

000

000

000

000

000

000

581,438,726 00 12,189,12268

555,072.00000 11,222.881 54

646,705.000 00 15.936.82492

683.827.00000 26.689.542 15

691.672.000 00 27.865.573 91

726,202,00000 10,821.69345

000

000

000

200,873,108 23

153.875.118 83

178.371,65321

000

000

000

4,753.20264

".906,449 17

5.757.88458

000

000

000

000

61,244 32

000

86,74793

38.10596

39,021 10

39.18071

39.691 49

1,36980

22600

31100

48200

51900

1,154 00

69700

$ 11.905.916,97301 $ 12.478.641,36099 $ 13,539.956.00611 $ 14.960.020.40210 $ 15.768.618.89297 S 15.126.481.40082

$ 10,501.251,087.00 $ 11.375,472,304 65 $ 12,105,902.77900 $ 13,050,283.032 61 S 14,226.600,12875 S 14.255.565,23986

679,819.448 00

601,923,390 00

591,983,340 00

684,527.47500

723.743.29500

703.080.431 00

000

000

000

000

205.626,311 00

172.645,061 00

621,465.79100

596.125.02800

562,616,68900

530,297.76300

629,869,819 00

739,869,163 00

-171,159.79068 -9,736,89827 000

-83.901,853 03 -17.054,05282
000

-71,062.79640 -15.902.477 21
000

-83.663,680 86 -24,855,441 42
000

-87.445.403 17 -6.438.327 19 000

-559.616,65436 -8,573.075 07 -6.863.494 05

$ 11,621,639,637 05 $ 12,472,564.81680 $ 13,173.537,534 39 $ 14.156,589,14833 S 15.691.955,823 39 $ 15,296,106.671 38

284,277.33596

6,076,544 19

366.418.471 72

803,431.25377

76.663,069 58

-169.625.27056

$ 11,905.916.97301 $ 12.478.641.36099 $ 13.539.956.006 11 $ 14.960,020.402 10 S 15.768,618.89297 $ 15.126.481.40082

-3-

OFFICE OF TREASURY AND FISCAL SERVICES TEN YEAR HISTORICAL SUMMARY OF SELECTED FINANCIAL DATA
GENERAL FUND REVENUE BY CATEGORY

YEAR ENDED JUNE 30, 1993

YEAR ENDED JUNE 30, 1994

YEAR ENDED JUNE 30, 1995

YEAR ENDED JUNE 30, 1996

SOURCE

Taxes Alcoholic Beverage Tax Cigar and Cigarette Tax Income Tax Inheritance Tax Insurance Premium Tax and Fees Malt Beverage Tax Motor Fuel Tax Motor Vehicle License Tax Property Tax General and Intangible Property Tax - Ubllty Sales and Use Tax General Sales and Use Tax Motor Fuel Wine Tax

$ 32,946,773 19 $ 28,215,576 97 $

84,887,39342

80,655,967 00

3,879,855.67421 4.130,724,46676

39,103,94078

87,808,192 02

179,667,771 45

198,773,18549

67,636,24748

70,538,228 87

348,748,461 71

368,548,41256

176,065,978 36

203,724,38791

30.455,68006

32,250,643 53

198,30939

36,16286

2,969.243,00094 3,254,969,605 38

119.212,06215

119,807,58493

14,095,74289

14.377,80522

30,580.188 13 $ 91,938.10413 4,510,904,98863 73,607,281 74 195,823,332 11 71,440,71623 383,258,346 84 207,777,39538 31,870.89613
42235 3,506,939,19700
138,595,24362 15,316,52021

33,419,64578 85,819,502 52 4,960,148.23546 66,538,070 93 205,159.192 66 73,806,071 32 397,162.28501 208,013.023 50 34,325,72337
35,47621 3,811,584,74905
139.087,37622 16.843,04823

Total Taxes

$ 7,942,117,03603 $ 8.590.430,219 50 $ 9,258,052,632 50 S 10,031,942,40026

Departmental Regulatory Fees and Sales

Admlnlslrabve Services, Department of

Rents on Properbes and Sales

$

Agnculture, Department of

Audits and Accounts, Department of

Banking and Finance. Department of

Community Health, Department of

Corrections, Department Of

Educabon, Department of

General Assembly of Georgia

Georgia Technology Authonty (Formerly

GeorglaNet Authonty)

Governor, Office of the

Human Resources, Department of

Insurance, Department of

Invesbgabon, Georgia Bureau of

JUdiCIal Branch

Labor, Department of

Law, Department of

Natural Resources, Department of

Game and Fish

Other

Pardons and Paroles, State Board of

Public Safety, Department of

Public Service CommiSSion

Regents of the University System of Georgia.

Board of

Revenue, Department of

Educabon Local Option Sales Tax ColleCbon Cost

Homestead Opbon Sales Tax Collection Cost

Local Opbon Sales Tax Collection Cost

MARTA Tax Collection Cost

Peace Officer and Prosecutor training

Fund Fees

Public SeMce Corporation Assessments

Railroad Car Tax Collection Cost

Real Estate Transfer Tax ColleCbon Cost

SpeCIal Purpose Tax Collection Cost

Other

School Readiness, Office of

22,194,42356 $ 6,230,884 98 1,288,41997 8,038.047 00
96,879.201 97 852,42149 000 70.28253
000 1,076,154 88 22,972.80278 5,053,40777
332,87501 454,27210 16,711,30558 212,351 81
19,795,56735 9.126,48763 1,081,48348
35,066,784 72 4.991,81200
281,164 81
000 000 5,293,689 75 1,831,76581
13,967,701 12 1.072,352 46 44,801 17 113,01722 3,440.21341
37,436.21864 000

22,422,528 19 $ 6,410,88771 1,529,421 22 9,129,69250 412,707.81 9,987,43381 000 97,57530
000 1,013.54793 31,292,86947 5,439,70283
415,721 05 500,10025 17,581.36351
17.482.09
20.551.51407 15,541.63792
773,14411 37,868,79378
1.503,233 00
335,08948
0.00 000 5,802,488 17 2,004,945 39
14,370,26842 1,492,13177 59,60759 127.51613 4,034.099 50
21,765,48104 000

19,371.26721 S 6,319,14854 2,604,44500
10,121,85405 743,36623
11,809.259 80 000
76,02056
000 1,083,552 75 24,212,700 57 5,369,549 32
175,59335 522,99787 19,130.39409 1,370,827 88
20,009,51065 17,634,19327
637,70593 36,279,403 78
5,634.904 30
273,24146
000 000 6,623,85642 2,247,225 31
14,708.43585 990,61068 29,22194 774,64933
4,764,391 96 27,183.711 20
000

6,334,74348 6,087,52667 1,433.163 03 10,295.14536
254,67996 13,259.55759
000 75,42202
14.000,00000 1,074,71318
28,493,92742 3,188,63258 203,50917 532,377 25
19,999.764 86 1,301 00
19,793,52743 18,183,94283
749,34227 33,997,12843
3,844,243 00
336,531 84
000 000 7,199,60802 2,542,099 58
15,820.891 02 1,289.645 69 30,02447 159.45430 5.665.309 15
60.598,74856 000

-4-

YEAR ENDED JUNE 30, 1997

YEAR ENDED JUNE 30. 1998

YEAR ENDED JUNE 30, 1999

YEAR ENDED JUNE 30, 2000

YEAR ENDED JUNE 30. 2001

CURRENT YEAR ENDED JUNE 30, 2002

$

34,979,287 21 S

35,381,98371 S

35.923.211 48 S

37,418.861 15 $

91,364,38210

89,330,71439

92.153.74287

87.056.14436

5.484.618,471 13 6.114.406.864 87 6.513.930,19105 7,101.802.58277

60.295,855 97

84.808.641 83

111.192.26163

148.254,98684

221.727.96563

223.907.99342

230,461.62376

256.956,411 56

75,002.14405

75,817,991 37

80.526.31599

83,423.542 29

389,784.59843

408,683.930 90

429.703,290 80

448,366.995 50

203,240.90640

170.257,45777

217.607,54617

235,327.537 12

36,609.529 14

37.402,30605

42.429,441 09

46.542,10261

21.64845

42,46961

8,72860

65,18717

3,903.286,78732 3.859.803.736.65 4.297.050.926 82 4.567.483,13248

163.903,41940

146.041,734 75

135,999.62342

187,175.07827

17,366.78421

18.278.223 13

18,886.226 40

21,099.138 02

38,087,471 24 S 81,403,504 31 7,642.725,63556 126.114.45289 245.228.701 66 83,334.653 04 444.967,26223 237.102.25102 49,607.40074
87.70802 4.861.858.33940
222.229.601 81 21,146.16031

38.562.184 43 89.108.472 99 7,349.698.15847 123.033,50467 296.175.272 60 84.833.96327 458.482.334 95 275,131,561 09 53,907,62024
000 4418.446.33609
194,726.95638 21.710.86953

$ 10,682.201.77944 $ 11.264.164.04845 $ 12.205.873,130 08 $ 13,220.971.70014 $ 14.053.893.14223 $ 13,403,817,23471

$

7,270,95206 $

8,703.272 92 S 11,295.591 38 S

8,946,131 31 $

6,385,692 90

6.228.601 56

6,403.947 11

6.906,588 26

2.784,14148

2.319,742.20

2.069.634 64

1,723.93978

10.551,32742

11,593,564 16

12,299.57638

12.980.140 50

4,73198

000

000

3.00437566

13,887.77343

14,137,17093

14.762.26569

16.097.64639

1.00000

2,311 00

000

000

96.86176

97,37654

36.50303

129,83732

8.209.302 52 $ 7.760.19665 5.463.306 89 15.028.306 93 1,795.977 97 14.313.25816
000 211.21144

7,810,35346 8,754.001 75 4.823.395 11 16.906.052 67 6,287,85754 11.554.896 87
000 197,33292

14,500,00000 1,024,910 88
30.749,91401 3.279,18503 247,421 38 420,44256
20.490.42881 18,48628

16.500.000 00 1.271.55840
24.341.04965 4.025.869 39 21,58000 458.26293
20.449.27437 111.43400

16.500.00000 1.067.54369
25,930.61901 4,115.92672 35.181 44 440.87981
21.946.76713 22708

14.648,44700 1.092.949 41
25.441.08119 4.192,81326 1,680,530 18 466,10094
24,512.73301 1.28511

5.579.142 17 1.133.77548 22.997.26580 3,695,99686 1,344,61677
447.18681 28.297.47260
000

000 1.186.60768 23,613,61217 3.617.64483 1.526.68940
431,46370 27.515.99070
000

20,648.47646 24,235.242 98
845.05578 35.749,76299
3,184,26800

20.534,562 79 20.133.067 53
920.26028 38.104.07570
3,596,373 73

21.622.62569 18,532.668 23
955.59894 40,305.462 51
3.719.74600

23.518.97044 20,492,079 51
1.117,277 53 33.277,204 81
4.204.441.95

22,353,581 24 20,124,41681
1,128,306 72 43.218.01812
4.134.011 32

22.786.09008 19.287.11115
1.565.47475 16,350.27091 20,042.90633

378.53525

216,08390

205.58977

60712

000

000

000 000 7,610.07157 2.587,587 82

5.726,806 83 588,581 87
7.443,70757 2.600.21479

9,033.368 82 803.89588
8,365.577 48 2,686.729 71

11.005.278 39 869.41588
9.155.269 77 2.981.09969

11.986,202 39 876,73533
9,475.522 87 3.066.838 65

11,819.56307 855.25500
9.498,033 26 2.915,617 78

16.959,99765 1.523,325 02 000 190,021 51 5.631.981.10
43.917.39748 000

18.395.76810 379.93059 32.80704 212.66638
6.436.952 38 10,335,96013
000

19,373,457 48 1.137,05985 000 262,01836 7,713.08489
20,081,81758 000

20.217.15528 1.539.629 66 000 293,89543 7.338,287.23
48,436,31953 000

20.637.76427 1.252,749 11 102,74226 338,40520 7.378.292.99
63,370,577 53 31.63900

29,718,76269 181,23828 000 000
7,335,46652 110.218,07831
14,06300

- 5-

OFFICE OF TREASURY AND FISCAL SERVICES TEN YEAR HISTORICAL SUMMARY OF SELECTED FINANCIAL DATA
GENERAL FUND REVENUE BY CATEGORY

SOURCE
Departmental Regulatory Fees and Sales Secretary of State General Office and Other Fees Corporation Fees ExamIning Board Fees Seeuntles Dealers' Fees Qualifying Fees Student Finance CommISSion, Georgia Transportation, Department of Treasury and Fiscal SelVlces. Office of (Formerly Department of Administrative Services FIscal DIVISIon) DIVidends on Stock Interest on DePOSits Other Workers' CompensatIon, State Board of
Total Regulatory Fees and Sales

YEAR ENDED JUNE 30. 1993

YEAR ENDED JUNE 30.1994

YEAR ENDED JUNE 30, 1995

YEAR ENDED JUNE 30.1996

S

296,51045 S

266.98905 S

5.659,14824

6,214,949 14

13,572,25542

14.692,41149

3.782,77553

4.938,277 64

000

000

145,50917

360,18077

000

000

283,09242 $ 6.993.488 01 15,018,85439 4.849.711 46
154,25612 292,47041
1,02000

142,41301 7,511,94175 16,526.36938 5.227,43228
000 217,86879
000

10,95616 54,948,043 93
863,43517 9.071.326 29

12,88960 44,795.155 43
2,974,541 06 9.349,211 53

S 404.259.871 36 $ 316.085.58975 $

11,11728 88,179.14360
1.197,70339 9.922,945 68
367.605.842 06 $

16,75648 97,118.29598
1,728,543 18 10.307,477 63
414.242.058 64

Total Remittances by Collecting Units of the State

S 8.346.376,90739 $ 8.906,515.80925 S 9,625.658.47456 S 10,446,184.45890

Federal Revenue

Payments In lieu of Taxes

S

Reimbursement for Petroleum Violation Escrow

Funds

ReImbursement of Expenditures

34,22194 $
000 000

35,14772 S
000 000

36,12671 S
000 36.32057

36,66940
000 53000

Total Federal Revenue

S

34,22194 $

35,14772 S

72,44728 S

37,19940

Other Revenues Retained Department of Community Health Indigent Care Trust Fund Georgia Lottery CommiSSion Lottery Proceeds Interest Earned Tobacco Settlement Funds Tobacco Settlement ReceIved Interest Earned Other

S

000 $ 140,440,391.00 $ 163,033,326 00 S 162,177,24600

000

360.000.00000

000

2.420.74277

503.063,01603 11.818,24405

543,233.898 00 15,239.988 68

000

000

000

000

000

150.00000

000 000 000

000 000 000

Total Other Revenues Retained

$

000 S 503.011.13377 S 677 .914.58608 S 720,651.13268

Total Revenues

S 8.346.411,12933 $ 9.409.562.09074 S 10.303.645,50792 $ 11.166.872.79098

-6-

YEAR ENDED JUNE 30, 1997

YEAR ENDED JUNE 30,1998

YEAR ENDED JUNE 30,1999

YEAR ENDED JUNE 30, 2000

YEAR ENDED JUNE 30. 2001

CURRENT YEAR ENDED JUNE 30, 2002

$

189,11364 $

141,66356 $

127,73768 $

8,200,08045

9,972,589 05

9,196,72365

16,004,11800

17,610.61264

15.740,46628

5,902,76634

6,715,92368

6,990,65988

234,49950

109,77903

9,56900

243,85216

318,33838

284,55248

1,000.00

000

000

71,631 25 $ 6,399.040 90 8.518,565 95 6,816.45925
9,81218 353,83175
99000

214.36770 $ 12.336,202 85 19,369.477 89 9,612,66808
000 430,85749
99000

148,06026 11,791,39917 15,344,570 16 8,402,28731
235,06235 552,48811
000

18,68992 132,532.06889
116,52973 10,574.05774

22,234 56 161,957,30717
603,73756 10,647,19775

28,67936 174.264,81317
537,78927 11,352,31094

30.61280 220,747,79946
322.81160 11,422.705 55

23,20128 254,583.379 63
638.02436 12,132.670 88

$ 449,191,76996 $ 454,018,271 04 $ 490,236.666 01 $ 560,965,79223 $ 635.094.661 02 $

15,46752 184,792,54556
1,089.327 30 12.476.93540
601 ,661 ,97307

$ 11,131 ,393,549 40 $ 11,718,182,31949 $ 12,696.109,79609 S 13.781 ,937,49237 $ 14.688,987,80325 $ 14,005,479.20778

$

37,31851 $

38,10596 $

39,021 10 $

39,18071 $

39.69149 S

49,42942 22600

000 31100

000 48200

000 51900

000 1.15400

$

86,97393 $

38,41696 $

39,50310 $

39,69971 $

40.84549 $

1,36980
000 69700
2.06680

$ 180,808,601 00 $ 194,125.74300 $ 181,164,88200 $ 261.900.357 00 $ 194.209,858 00 $ 199,846,895 00

581,438,726 00 12,189,12268

555.072.000 00 11,222,881.54

646.705.00000 15,936,824 92

683.827,00000 26.689,542 15

691.672.000 00 27,865,57391

726.202.00000 10,821,69345

000

000

000

200,873,108 23

153.875.118 83

178,371,65321

000

000

000

4,753,20264

11.906.44917

5,757,88458

000

000

000

000

61.24432

000

$ 774,436,44968 $ 760.420.624 54 S 843.806,70692 $ 1,178.043.21002 $ 1.079.590.24423 S 1,121.000,12624

$ 11.905,916.97301 $ 12.478.641.36099 $ 13,539,956,00611 $ 14,960,020,402 10 $ 15,768.618.89297 $ 15.126,481,40082

-7-

OFFICE OF TREASURY AND FISCAL SERVICES TEN YEAR HISTORICAL SUMMARY OF SELECTED FINANCIAL DATA
GENERAL FUND APPROPRIATION ALLOTMENTS

QPERATING ALLOTMENTS
LegislatIVe BranCll General Assembly of Georglll State Funds Audrts and Accounts, Department of State Funds
JudICial BranCll State Funds Supreme Court of Georgia State Funds Court of Appeals of Georgia State Funds SuperiOr Courts of GeorgIa State Funds Juvenile Court judges. Council of State Funds Continuing JUdlCllI1 EducatIon. Instrtute of State Funds JudICial Council State Funds JudiCIal Qualifications CommiSSion State Funds Indogent Defense CouncIl. Georgia Slate Funds Georglll Courts AutomatIOn CommIssIon State Funds
executIVe BranCll AdmmlstratlVe ServIces, Department of State Funds Agncunure, Department of State Funds Banking and Finance. Department of State Funds CommuMy Affairs. Department of State Funds Community Heallh. Department of State Funds Tobacco Settlement Funds CorrectIons, Department of State Funds Defense, Department of Stale Funds EducatIOn. Department of State Funds Lottery For EducatIon Tobacco Settlement Funds Employees' RetIrement System State Funds FInancing and Investment CommIssiOn. Georglll State State Funds Forestry Commission. Georglll State Funds Govemor, Office of the State Funds Lottery For Education Human Resources, Department of State Funds Tobacco Settlement Funds Industry, Trade and Tounsm. Department of State Funds Tobacco Settlement Funds Insurance. Department of State Funds

YEAR ENDED JUNE 30,1993

YEAR ENDED JUNE 30.1994

YEAR ENDED JUNE 3D, 1995

YEAR ENDED JUNE 30. 1996

$ 22,674.12900 $ 14.920,434 00 000 4,893.172 00 5,593.66900 45.049.233 00 847,00500 634.32200 2,061.454 00 139,258 00 1,009.958 00 000

22.n5.363 00 $ 15,628,38600
000 5,218.309 00 5.819.88600 47,558,33200
911.80300 647.450 00 2.389.352 00 146,22800 1.000.00000
000

24.203,650 00 $ 17,463.51200
000 5.433,395 00 6,269.41600 49,854.88500 1.023,530 00
652.49000 1,629.442 00
188,80800 2.000.000 00 1.244.33100

25.617.73800 18,664,008 00 78.574.681 00
000 000 000 000 000 000 000 000 000

32.786,322 00
35.991.16900
7,153.017 00
14,712.14100
000 000
493,082.121.00
3,982.403 00
3.072.613,091 00 000 000
250.00000

34,799.33800
38.155,65100
8,082,420 00
22.161.94900
000 000
564.573,860 00
4.111.50800
3.235.446.636 00 146.254.230 00 000 165.57000

36.887.024 00
40,207.49300 8,614,96600
38,903.005 00
000 000
645.362.073 00
5.212,18000
3.503,688.944 00 230.388.87400 000 2,880.000.00

41.921.65000
41,543.571 00
9,237,77800
41.238.924 00
000 000
682.256.21600
4.694.61000
3,776,432.87600 202.136,245 00 000 0.00

000
31.666.436 00
22.305.156 00 000
972.324.283 00 000
16,085,790 00 000
14,143,756 00

000
33,506.709 00
25.013.577 00 000
1.044,362.532 00 000
17,040.18900 000
14,263.632 00

000
34.964,30700
70.821,48700 2.000,000 00
1,122.317.59700 000
19,906,10200 000
15.103,91000

000
35.970.488 00
29.921,98400 000
1,199.361,11100 000
28,152,973 00 000
15,788,51500

-8-

YEAR ENDED JUNE 3D, 1997

YEAR ENDED JUNE 30.1998

YEAR ENDED JUNE 30.1999

YEAR ENDED JUNE 3D, 2000

YEAR ENDED JUNE 30. 2001

CURRENT YEAR ENDED JUNE 30. 2002

$

26.278.571.00 $ 27.168.900 00 S 27,801,97800 S

31,805.62900 S

33.849.106 00 $

35.289.123 00

20,205.494 00

20.214,77400

23,623.58300

26.179.279 00

28.039.352 00

29,616.070 00

83,819.244.00

90.895.360 00

100.960.794 00

111.540.14200

121.556.48500

133.681.033 00

000

000

000

000

000

000

0.00

000

000

000

000

000

000

000

000

000

000

000

000

000

000

000

000

000

000

000

000

000

000

000

000

000

000

000

000

000

000

000

000

000

000

000

000

000

000

000

000

000

000

000

000

000

000

000

41.426.6n 00
41,505.800.00
9,231,823.00
49,730.231.00 000 000
6n,061,60500
4,235,851 00
4,110,148.57500 348,231.780 00 000 000

54.629,301.00
41.946.664 00
9.242.238.00
46.229.803 00 000 000
701.369,704 00
4,989.144 00
4,508.630.41000 357.532.08800 000
000

69,265.951 00
49,339.79500
9.846.71500
37.642,917.00 000 000
785.893.797 00 5.591.74700
4,827,691.71600 323,135.972 00 000
673,425.00

109.690.96700
44.817.47800
10.216,02900
88,010.517 00
1,811.594.69900 000
853.697,481 00
7,378,907 00
5,111,284.11300 354,373.083 00 000
000

50.889.155 00 47,074,106 00
10.871.827 00
122.827,59600
1.601,735.75300 21,219.95000
882.706.60000
8.285.850 00 5.610.079,73000
386.337.764 00 30,000.00000
2.992.00000

53694.34300
45.695 490 00
11 045,266 00
66.014.22500
1.498 572.939 00 20.622,21300
914.261 595 00
8541.20000
5.934.713.62500 309987.001 00 30.000.000 00 000

000
35,616.54900
28,938,219 00 000
1.187.352.10800 000
20,223.299 00 000
14,997.88900

0.00
35,106,57800
139,327.15700 000
1.169.338.28300 000
22.307.481 00 000
15,649,080 00

000
37.956,600 00
85,965.07400 000
1.244,316.64500 000
25,256.380 00 000
15.781.90200

000
36.366,572 00
46.408.42400 000
1.252,024,92200 000
29.038.873 00 000
15.456.662 00

468.000.00000
37.628,11600
47.308.68100 000
1,291.092,69700 37.102.83700
29.887 419 00 79.953.629 00
15,650.32300

000
38,243.16800
53.878.11000 000
1.359.464,164 00 68.649.314 00
28.619,25900 34.131,677 00
15,909,654 00

-9-

OFFICE OF TREASURY AND FISCAL SERVICES TEN YEAR HISTORICAL SUMMARY OF SELECTED FINANCIAL DATA
GENERAL FUND APPROPRIATION ALLOTMENTS

OPERATING ALLOTMENTS

YEAR ENDED JUNE 30. 1993

YEAR ENDED JUNE 30. 1994

YEAR ENDED JUNE 30. 1995

YEAR ENDED JUNE30.1996

Executive Branch Investogatlon. Georgia Bureau of State Funds Juvenile Justice. Department of (Fonnerly Children and You1h ServiceS. Department Of) State Funds Labor, Department of State Funds Law, Department of State Funds MedlClll AsSIStance, Department of State Funds Motor Vehicle Safety. Department of State Funds Natural Resources, Department of State Funds Pardons and Paroles, State Board of State Funds Personnel Board, State Merit System of Personnel Administrallon State Funds Public Safety, Department of State Funds Public School Employees' Retll"ement System State Funds PublIC Service CommISsion State FllIIds Regents of the UnMlr&dy System of Georgia. Board of State Funds Lottery for EducalJon Tobacco Settlement Funds Removal of Hazardous Matenals, Agency for State Funds Revenue, Department of State Funds Tobacco Settlement Funds Secretary of State State Funds SOil and Water Conservation CommiSSion, State State Funds Student Finance CommISsion. Georgia State Funds Lottery for EducalJon Teachers Retirement System State Funds TechnIcal and Aduft Education, Department of State Funds Lottery for EducalJon Transportallon. Department of State Funds Veterans Servtce. State Department of State Funds Workers' Compensation. State Board of State Funds
Total Operating Allotments
pEBT ALLOTMENTS
General Obligation Debt Sinking Fund. State of GeorgIa State Funds

$ 36,274.217 00 $ 37,552.98800 $ 42.099.524 00 $

46.267.10800

77,947,28300

84.606.707.00

16,460.58200

16.107.05900

8.835.233 00

9.757.12600

1,043.389,74100 1.178.485.75700

000

000

59,748.08600

72.267,26500

35,371,233 00

37.037,11100

106.314.561 00 17,176.25000 10.770.10600
1,267.368.42800 000
84.834.598 00 38,857.656 00

126.652.017 00 17.901.08700 12.583.301 50
1.354.441,592 00 000
94.797.654 00 40.859.980 00

000 95.187,544 00
9.622.000 00 8.015.56900

000 100.196.37100
9.629.000 00 8.289.30500

000 109.188.409 00
9.640.000 00 8.048.282 00

000 123,437.06200
13.315.00000 8.712.42000

937,749.54900 000 000

1.035.038.53100 22.799.51200 000

99,834 00

105.47800

79,821.64900 000

79.781,390 00 000

23.647.67500

25.172.233 00

1.594,963 00

1.797.70100

24.876.997 00 000

26.926.367 00 27.745.000 00

3.687.500 00

3.740.000 00

1.151.379.61400 119.741.00000 000
111.75900
90.339.94500 000
28.388.808 00
1.836.696 00
30.861.064 00 77.401.94100
3.820.000 00

1.250.769.551 00 71.947.61100 000
117.064 00
99.567.590 00 000
31.095.904 00
2.016.41100
33.352.346 00 161.240.17200
4.034.00000

121.248.98800 000

134.699.19100 25.981.000 00

145.77578800 42.417.42300

166.733.14900 40.258.71300

420.087,75231

452.551.434 38

454.935.496 63

492.094.050 00

20.845.883 00

22.533.171 00

23.582.566 00

24.353.69800

9.318.74200

9.758.10300

10.163.371 00

10.454 18500

$ 7.848.749,33931 $ 8.712.590.71038 $ 9.762.274.706 63 $ 10.458.51503350

398.866 359 00

456.487 573 00

481.73043500

524.313.20300

Total Allotments

is 8.247.615.69831 is 9.169.078.28338 is 10.244.005.141 63 $ 10.982 828 236 50
- 10-

YEAR ENDED JUNE 30, 1997

YEAR ENDED JUNE 30.1998

YEAR ENDED JUNE 30,1999

YEAR ENDED JUNE30. 2000

YEAR ENDED JUNE 30, 2001

CURRENT YEAR ENDED JUNE 30, 2002

$

48,177,82700 $ 49,099.16600 $ 56.030.891 00 $

61,418,23700 $

65,109,322 00 $

66,951,73500

149,486,03900 19,522,18800 12,340,42800
1,338,605.544 00 000
106,517,44700 43,759,827 00

185,541,19200 20,500,998 00 13,379,25200 1,374.002,96000
000 104,077.984 00 45,029,71300

216,332,21900 21,251,054 00 13,949,13000
1,388.497,06200 000
111,954.17400 47.017.963 00

237,128,264 00 21.854.27300 14,624,68900 000 000
116.788,517 00 48,076,666 00

269,251,26700 24.885,38900 15,398,54500 000 000
156,008,96600 50.253.029 00

272.696,434 00 55,039.273 00 15.368.631.00 000 91,818,33200
156.874,96200 50,665.662 00

000 117,957.390 00
14,212,500 00 8.275,378 00

300,00000 114.791.694 00
15,110,000.00 8,482.241 00

32,500,000 00 120,305,550 00
17.642,00000 9.554,299 00

000 122.672,087 00
18,602,000 00 9,356,109 00

000 129.442,737 00
17.642.000 00 9,847,34100

000 100,851,86900
12,238.22600 8,529.12800

1,338,591,071 00 78,504,000 00 000
0.00
106,421,96700 000
30,901,344 00
2.000,91000
32,754,95200 161,118,16100
4,100,00000

1,485.294,275 00 35,054,422 00 000
000
115,996,967 00 000
30,608,423 00
2.106.800 00
34,136.75400 203,895,380 00
3,644.000.00

1,603.044,663 00 26.885,000 00 000
000
129.830,94500 000
32,527,57600
2,161,294 00
33.478.570 00 215,153,02200
3.650.000 00

1,635,531,78100 92,790.98000 000
000
216,107.558 00 000
31,359,66300
2,250,337.00
33,921,78300 210,381.36300
3,215.000 00

1.747,626.872 00 54,626,222 00 37,099,89500
000
303,662.287 00 250,00000
36,197,98000
2,811,482 00
35,041.906 00 270.279,309 00
3,270,000 00

1,743.190,35000 31.689,500 00 19,241,857 00
000
350.722.734 00 000
37.010,50800
3.497,00300
42,382.425 00 361,403,93000
3.090,000 00

202,966,273 00 91.965.50700

247,964.92100 5,441,500.00

288.475.280 00 26,809.346 00

265.411,856 00 26.982,049 00

254,935,57600 12.500,000 00

268,477,27900 000

542,979,11400

606,922.082 65

598,154,92500

593,399.63061

662.512.67375

714,203,15286

20,262,252 00

20,519,54800

20,445,381 00

21,438.27200

20.278,31500

22.653.74500

10,646.701 00

10.918.45700

11.490.784 00

11,615,61600

11.949.64500

12.064,526 00

$ 11.181,070,53500 $ 11,977,395.694 65 $ 12.697,886,11900 $ 13,734,810.50761 $ 15,155,969,734 75 S 15.131,290,73186

621.465.791 00

596.125.028 00

562.616.68900

530.297,76300

629.869,81900

739.869.16300

$ 11,802,536.32600 $ 12.573,520.72265 $ 13.260.502.80800 $ 14265.108.27061 $ 15785.839.55375 $ 15.871,159.894 86
- 11 -

SECTION III COMPLIANCE AND INTERNAL CONTROL REPORT

DEPARTMENT OF AUDITS AND ACCOUNTS

254 Washington Street. S.w.. Suite 214

RUSSELL W. HI!IoTON
STATE Al.:OITOR (404) 656-2174

Atlanta, Georgia 30334-8400

September 20,2002

Honorable Roy E. Barnes, Governor Members of the General Assembly of Georgia Members of the State Depository Board
and Honorable W. Daniel Ebersole, Director Office of Treasury and Fiscal Services
REPORT ON COMPLIANCE AND ON INTERNAL CONTROL OVER FINANCIAL REPORTING BASED ON AN AUDIT OF FINANCIAL STATEMENTS PERFORMED IN ACCORDANCE WITH GOVERNMENT AUDITING STANDARDS
Ladies and Gentlemen:
We '" we audited the financIal statements of the Office of Treasury and FIscal Services, an
orgCi:-::7.ational unit of the State of Georgia, as of and for the year ended June 30, 2002, and have issued our report thereon dated September 20, 2002. We conducted our audit In accordance with auditing standards generally accepted in the United States of Amenca and the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States.
Compliance As part of obtaining reasonable assurance about whether the Office of Treasury and Fiscal Services' financial statements are free of material misstatement, we performed tests of Its compliance With certain prOVisions of laws, regulations, contracts and grants, noncompliance With which could have a direct and material effect on the determination of financial statement amounts. However, prOViding an opinion on compliance With those prOVISions was not an objective of our audit and, accordingly we do not express such an opinion. The results of our tests disclosed no instances of noncompliance that are required to be reported under Government AUditing Standards.
Internal Control Over Financial Reporting In planning and performing our audit, we conSidered the Office of Treasury and Fiscal Services' Internal control over financial reporting in order to determine our auditing procedures for the purpose of expressing our opinion on the financial statements and not to prOVide assurance on the internal control over financial reporting Our consideration of the internal control over financial reporting would not necessanly disclose all matters In the Internal control that might be matenal weaknesses. A matenal weakness IS a condition in which the design or operation of one or more of the internal control components does not reduce to a relatively low level the risk that misstatements in amounts that would be matenal in relation to the financial statements being audited may occur and not be detected Within a timely period by employees In the normal course of performing their assigned functions We noted no matters Involving the Internal control over financial reporting and its operation that we consider to be matenal weaknesses

This report is intended solely for the information and use of management and is not intended to be and should not be used by anyone other than these specified parties.
Respectfully submitted,

RWH:dp

Russell W. Hinton, CPA, CGFM State Auditor