Chattahoochee Technical College, Acworth, Georgia, independent accountant's report on applying agreed-upon procedures for fiscal year ended June 30, 2011

1 CHATTAHOOCHEE
1TECHNICAL COLLEGE ACWORTH, GEORGIA
INDEPENDENT ACCOUNTANT'S
REPORT ON APPLYING AGREED-
UPON PROCEDURES FOR FISCAL YEAR ENDED JUNE 30,2011
1 Georgia Department of Audits -4 3Locoatr I Russel1 W.Wlnton State Aaditox

CHAUAHOOCHEE TECHNICAL COLLEGE
- TABLE OF CONTENTS -

INDEPENDENT ACCOUNTANT'S REPORT ON APPLYING AGREED-UPON PROCEDURES

EXHIBITS

A SUMMARY BUDGET COMPARISON AND SURPLUS ANALYSIS REPORT

1

B STATEMENT OF FUNDS AVAILABLE AND EXPENDITURES COMPARED TO BUDGET

BY PROGRAM AND FUNDING SOURCE

2

C STATEMENT OF CHANGES TO FUND BALANCE BY PROGRAM AND
FUNDING SOURCE

RUSSELLW. HINTON
STATE AUDITOR
(404) 868-2174

DEPARTMENOTF AUDITSAND ACCOUNTS
270 Washington Street, S.W., Suite 1-156 Atlanta, Georgia 30334-8400
December 2,2011

Members of the State Board of the Technical College System of Georgia Members of the Local Board of Directors
and Honorable Ron Newcomb, Interim President Chattahoochee Technical College
lnde~endenAt ccountant's R e ~ o rotn A ~ ~ l v i Anggreed-U~onProcedures
Ladies and Gentlemen:
We have performed the procedures enumerated below, which were agreed to by the College and the System Office (Oversight Unit) of the Technical College System of Georgia, solely to assist you in assessing the accuracy of the annual financial statement information reported to the System Office by the College for inclusion in the State of Georgia's ComprehensiveAnnual Financial Report(CAFR) and Single Audt Repo/t; and to assist you in assessing the accuracy of budget basis information provided in the Summary Budpt Comparison and Surplus Analysis Report, Statement of Funds Available
and Expenditures Compared ta Budget By Program and Funding Source, and the Statement of Changes
To Fund Balance By Prqgrm and Funding Source which are attached as Exhibits A, 3 and C, respectively. Chattahoochee Technical College's management is responsible for the financial information reported to the System Office of the Technical College System of Georgia. This agreedupon procedures engagement was conducted in accordance with attestation standards established by the American Institute of Certified Public Accountants. The sufficiency of these procedures is solely the responsibility of the parties specified in this report. Consequently, we make no representation regarding the sufficiency of the procedures described below either for the purpose for which this report has been requested or for any other purpose.
1. Review selected balance sheet items reported on the annual financial statement worksheets (cash, accounts receivable, accounts payable, deferred revenues, net assets). Confirm that these items have adequate supporting documentation and are properly reconciled to the College's general ledger.
We did not note any exceptions as a result of our procedures.
2. Obtain the College's GAAP basis worksheets for Statement of Net Assets and Statement of Revenues, Expenses and Changes in Net Assets (SRECNA) information that was submitted for inclusion in the State's CAFR and Single Audit. Utilizing test scripts, confirm that financial information presented in these worksheets properly support activity reported in the College's accounting records.
We did not note any exceptions as a resultof our procedures.

3. Obtain the College's Statement of Cash Flows submitted for inclusion in the State's CAFR and Single Audit. Utilizing cash flow worksheets, confirm information reported on Statement of Cash Flows.
We did not note any exceptions as a result of our procedures.
4. Obtain the College's worksheets for financial statement note disclosure information submitted for inclusion in the State's CAFR and Single Audit. Utilizing notes worksheets and other supporting documentation confirm that note disclosures related to Cash, Investments, Accounts Receivable, Capital Assets, Long-Term Debt, Lease Obligations and Retirement Plans have been properly reported.
We did not note any exceptions as a result of our procedures.
5. Review the College's year end GAAP basis journal entries. Obtain documentation for GAAP journal entries and confirm that the entries were posted to the College's annual financial statement worksheets.
We did not note any exceptionsas a result of our procedures.
6. Confirm that State Appropriation revenues, receivables and remittances of prior year surplus balances have been properly recorded in the College's financial records. Prior year surplus balances should be netted against State Appropriation revenues in the GAAP basis financial statements; however, prior year surplus balances should be reflected as fund balance adjustments on the Budget basis financial statements.
We did not note any exceptionsas a result of our procedures.
7. Obtain listing of write-off requests for accounts receivable less than $3,000.00 for fiscal year 2011. Confirm that these write-off requests have been approved by the State Accounting Officer and have been posted to the College's financial statements.
We did not note any exceptions as a result of our procedures.
8. Verify that the listing of salaries and travel reported to the Department of Audits is in accordance with O.C.G.A. 50-6-27 reconciles to amounts recorded in the College's financial statements.
We did not note any exceptions as a result of our procedures.
9. Review the year end Budgetary Statements including the Summary Budget Comparison and Surplus Analysis Report(Exhibit A), Statement of Funds Available and Expenditures Compared to Budget By Program and Funding Source (Exhibit B ) and the Statement of Changes To Fund Balance By Program and Funding Source (Exhibit C). Confirm that budget information presented in these statements supports activity reported in the College's accounting records, the legal level of budgetary control (funding source within program) was maintained, and determine if any budget overexpendituresexist.
We did not note any exceptions as a result of our procedures.
10. Obtain documentation for Budget basis reserves reported by the College on the Summary Budget Cbmpan'son and Surplus Analysis Report (Exhibit A). Confirm that the reserves are properly documented, valid and appropriate.
We did not note any exceptions as a result of our procedures.

11. Review the H.O.P.E. Scholarship Program reconciliation between the College and the Georgia Student Finance Commission. Confirm that information reported to the Georgia Student Finance Commission has been reconciled with H.O.P.E. Scholarship activity reported on the College's financial records.
We did not note any exceptions as a result of our procedures.
12. Review the Schedule of Expenditures of Federal Awards information submitted by the College for inclusion in the Statewide Single Audit. Confirm that the information is properly presented and supported by the College's accounting records.
We did not note any exceptions as a result of our procedures.
13. Review capital asset records to ensure that (1)subsidiary ledgers are appropriately reconciled to the ledgers, (2) capitalization thresholds are being properly followed, and (3) a complete annual physical equipment inventory is being conducted and that issues noted during the physical inventory are being properly addressed by management.
We did not note any exceptions as a result of our procedures.
14. Review bank reconciliations during the year under review to ensure that management is preparing them timely and that reconciling items are being addressed by management timely and in an appropriate manner.
We did not note any exceptionsas a result of our procedures.
These agreed-upon procedures do not constitute an audit of the financial statements or any part thereof, the objective of which is to express an opinion on the financial statements or a part thereof. Accordingly, we do not express such an opinion. Had we performed additional procedures, other matters might have come to our attention that would have been reported to you.
This report is intended solely for the information and use of the specified users listed above and is not intended to be and should not be used by anyone other than these specified parties.
Respectfully submitted,
~ u d s e lWl . Hinton, CPA, CGFM State Auditor

EXHIBITS

CHATTAHOOCHEE TECHNICAL COLLEGE SUMMARY BUDGET COMPARISON AND SURPLUS ANALYSIS REPORT
YEAR ENDEDJUNE 30.2011

REVENUES
State Appropriation State General Funds
Federal Funds Other Funds
Total Revenues
ADJUSTMENTS AND PROGRAM TRANSFFRS
CARRY-OVFR FROM PRIOR YEARS
Transfers from Reserved Fund Balance
Total FundsAvailable
EXPENDITURES
Adult Literacy Economlc Development Technical Education
Total Expenditures
Excess of Funds Availableover Expenditures
FUND BALANCE JULY 1
Reserved Unreserved
ADJUSTMENTS
Prior Year Payables/Expendltures Prlor Year Receivables/Revenues Unresewed Fund Balance (Surplus) Returned
From the Technical College Year Ended June 30.2010
Refunds to Grantors Federal FinancialAssistance Returnedto Technical College System of Georg~a Year Ended June 30,2010
Prior Year Reserved Fund Balance Included in Funds Available
FUND BALANCE JUNE 3Q
SMMARY OF FUND BALANCE
ReSeNed Federal Flnanc~aAl ssistance Local Grants and Contracts Sales and Servtces Live Work Projects Continuing Education Technology Fees Tuition
Total Resewed
Unreserved Surplus
Total Fund Balance

BUDGET

ACTUAL

EXHIBIT "A'
VARIANCE FAVORABLE (UNFAVORABLE)

CHATTAWOOCHEE TECHNICAL COLLEGE STATEMENT OF FUNDS AVAILABLE AND EXPENDITURES COMPARED TO BUDGET BY PROGRAM AND FUNDING SOURCE
YEAR ENDED JUNE 30.2011

Adult Literacy State Appropr~at~on State General Funds Federal Funds Federal Funds Not Speclfically ldentified Other Funds
Total Adult L~teracy
Ecanamic Development Federal Funds Federal Funds Not Specifically Identified Other Funds
Total Economic Development
Technical Education State Appropriation State General Funds Federal Funds Federal Funds Not Speclfically ldentifted Other Funds
Total Techn~caEl ducation
Total Operating Acuvity

Or~g~nal Appropriation

Amended Appropriation

Final Budget

Current Year Revenues

Funds Available Compared to Budget

Prior Year

Adjustments and

Total

Carry-Over

Program Transfers Funds Available

Variance Positive (Negative)

Expenditures Compared to Budget

Variance

Actual

Positive (Negat~ve)

Excess (Deficiencv) of Funds Available
Over/(Under) Expenditures

CHATTAHOOCHEE TECHNICAL COLLEGE STATEMENT OF CHANGES TO FUND BALANCE BY PROGRAM AND FUNDING SOURCE
YEAR ENDEDJUNE 30.2011

Adult Literacy State Appropriation State General Funds Federal Funds Federal Funds Not Specifically ldentlfied Other Funds
Total Adult Literacy
Economic Development Federal Funds Federal Funds Not Specifically Identifled Other Funds
Total Economlc Development
Technical Education State Appropr~ation State General Funds Federal Funds Federal Funds Not Spec~flcallyIdentified Other Funds
Total Techn~caEl ducat~on
Total OperatingActivity
Prior Year Rese~eS Not Available for Expenditure Refunds to Grantors

Beginn~ngFund Baiance/(Deficit)
July 1

Fund Balance Carr~edOver from
Prior Period as Funds Ava~lable

Return of FiscalYear 2010
Surplus

Prior Period Adjustments

Budget Unit Totals

EXHIBIT "C"

Other Adjustments

Early Return F~scaYl ear 2 0 1 1
Surplus

Excess (Def~c~ency) of Funds Available
Over/(Under) Expend~tures

End~ngFund Balance/(Defrc~t)
June 3 0

Analysls of Endlng Fund Balance

Reserved

Surplus/(Defic~t)

Total

Summary of Ending Fund Balance Reserved
Federal Financial Assistance Local Grants and Contracts Sales and Serv~ces Llve Work Projects Cont~nuingEducation Technology Fees Tuit~on Unreserved Surplus
Total Ending Fund Balance - June 3 0

-- $ 4,744,474.81 $

34,460.59 $ 4,778.935.40