Management report, Coosa Valley Technical Institute, Rome, Georgia, an organizational unit of the state of Georgia, year ended June 30, 1998

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MANAGEMENT REPORT COOSA VALLEY TECHNICAL INSTITUTE
ROME, GEORGIA AN ORGANIZATIONAL UNIT OF THE STATE OF GEORGIA
YEAR ENDED JUNE 30, 1998
STATE OF GEORGIA DEPARTMENT OF AUDITS AND ACCOUNTS
254 WASHINGTON STREET
ATLANTA, GEORGIA 30334-8400

COOSA VALLEY TECHNICAL INSTITUTE MANAGEMENT REPORT - TABLE OF CONTENTS -

LETTER OF TRANSMITTAL

SELECTED FINANCIAL INFORMATION

EXlllBITS

A ANALYSIS OF CHANGES IN FUND BALANCE

BUDGET FUND

1

SCHEDULES OF FUNDS AVAILABLE AND EXPENDITURES

COMPARED TO BUDGET

BUDGET FUND

B

"A" DEPARTMENT OF TECHNICAL AND ADULT EDUCATION

2

C

"B" LOTTERY FOR EDUCATION

3

D RECONCILIATION OF SALARIES AND TRAVEL

4

CLAUDE L. VICKERS
STATE AUDITOR (404) 656-2174

DEPARTMENT OF AUDITS AND ACCOUNTS
254 Washington Street, S.w., Suite 214 Atlanta, Georgia 30334-8400
September 3, 1998

Honorable Zell Miller, Governor Members of the General Assembly of Georgia Members of the State Board of Technical and Adult Education Members of the Local Board of Directors
and Honorable Craig McDaniel, President Coosa Valley Technical Institute
Ladies and Gentlemen:
As part of our audit of the statutory basis financial statements of the State of Georgia presented in the Report ofthe State Auditor, the general purpose financial statements of the State of Georgia presented in the State ofGeorgia Comprehensive Annual Financial Report, and the issuance of a Statewide Single Audit Report pursuant to the Single Audit Act Amendments, as ofand for the year ended June 30, 1998, we have performed certain audit procedures at Coosa Valley Technical Institute. Accordingly, the financial statements and compliance activities of Coosa Valley Technical Institute were examined to the extent considered necessary in order to express an opinion as to the fair presentation ofthe financial statements contained in the foregoing documents and to issue reports on compliance and internal control as required by the Single Audit Act Amendments of 1996.
This Management Report contains information pertinent to the financial and compliance activities of Coosa Valley Technical Institute as of and for the year ended June 30, 1998. The particular information provided is enumerated in the Table of Contents.
This report is intended solely for the use of management of Coosa Valley Technical Institute. However, this report is a matter of public record and its distribution is not limited.

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SELECTED FINANCIAL INFORMAnON

FUND BALANCE - JUNE 30
SUMMARY OF FUND BALANCE Reserved Federal Financial Assistance Live Work Projects Surplus

$

29,032.77 $

259.50 $ ====29=,2=9:=2=.2=7

$ $ - 1-

0.18 27,111.90
1,920.69 $
29,032.77 $

$
2=5=9=.5~0

0.18 27,111.90
2,180.19

259.50 $ ====2=9,=29:=2=.2=7

COOSA VALLEY TECHNICAL INSTITUTE SCHEDULE OF FUNDS AVAILABLE AND EXPENDITURES
COMPARED TO BUDGET BUDGET FUND
"A" DEPARTMENT OF TECHNICAL AND ADULT EDUCATION YEAR ENDED JUNE 30, 1998

EXHIBIT"B"

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

BUDGET

ACTUAL

VARIANCEFAVORABLE (UNFAVORABLE)

$ 4,868,592.00 $ 4,868,592.00 $

1,087,979.00

1,037,797.59

1,837,735.00

1,611,015,70

$ 7,794,306.00 $ 7,517,405.29 $

0.00 -50,181.41 -226,719.30
-276,900.71

0.00

20,835,13

20,835.13

$ 7,794,306.00 $ 7,538,240.42 $

-2_56-:.,-'-06;...;;5.;..;;.5_8

EXPENDITURES
Personal Services-Institutions Operating Expenses-I nstitutions Adult Literacy Grants Job Training Partnership Act

$ 5,085,086.00 $ 5,013,039.39 $

1,778,592.00

1,628,787,60

557,852.00

546,490.82

372,776.00

322,596.40

72,046.61 149,804.40
11,361,18 50,179.60

Excess of Funds Available over Expenditures

$ 7,794,306.00 $ 7,510,914.21 $ - - - -28-3',3-91-.7-9

$

27,326.21 $ ======2..7...,.3.=2=6.:=2.1...

-2-

COOSA VALLEY TECHNICAL INSTITUTE SCHEDULE OF FUNDS AVAILABLE AND EXPENDITURES
COMPARED TO BUDGET BUDGET FUND
"B" LOTTERY FOR EDUCATION YEAR ENDED JUNE 30. 1998

EXHIBIT "C"

FUNDS AVAILABLE REVENUES
State Appropriations

BUDGET

ACTUAL

VARIANCEFAVORABLE (UNFAVORABLE)

$ 170,000.00 $ 170,000.00 $

0_._0

EXPENDITURES Equipment-Technical Institutes

$ 170,000.00 $ 170,000.00 $

-=O-=.O~O

Excess of Funds Available over Expenditures

$

0.00 $ ======O:::='O=::O

-3-

COOSA VALLEY TECHNICAL INSTITUTE RECONCILIATION OF SALARIES AND TRAVEL
YEAR ENDED JUNE 30, 1998

EXHIBIT"D"

Totals per Annual Supplement
Accruals June 3D, 1998 June 3D, 1997

SALARIES
$ 4,578,244.55 $

TRAVEL 58,775.12

55,462.54 -6,518.32

-484.68

$ 4,627,188.77 $ ======5=8,=29=0=,=.4==4

-4-