Management report, Heart of Georgia Technical Institute, Dublin, Georgia, an organizational unit of the state of Georgia, year ended June 30, 1999

MANAGEMENT REPORT HEART OF GEORGIA TECHNICAL INSTITUTE
DUBLIN, GEORGIA AN ORGANIZATIONAL UNIT OF THE STATE OF GEORGIA
YEARENDEDJUNE30, 1999
STATE OF GEORGIA DEPARTMENT OF AUDITS AND ACCOUNTS
254 WASHINGTON STREET
ATLANTA, GEORGIA 30334-8400

HEART OF GEORGIA TECHNICAL INSTITUTE MANAGEMENT REPORT -TABLEOFCONTENTS-

LETTER OF TRANSMITIAL

SELECTED FINANCIAL INFORMATION

EXHIBITS

A ANALYSIS OF CHANGES IN FUND BALANCE

BUDGETFUND

1

SCHEDULESOFFUNDSAVAILABLEANDEXPEND~S

COMPARED TO BUDGET

BUDGET FUND

B

"A" DEPARTMENT OF TECHNICAL AND ADULT EDUCATION

2

C

"B" LOTTERY FOR EDUCATION

3

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

DEPARTMENT OF A uniTS AND AccoUNTS
254 Washington Street, S.W., Suite 214 Atlanta, Georgia 30334-8400
August 27, 1999

Honorable Roy E. B3!11es, Governor Members of the General Assembly of Georgia Members ofthe State Board ofTechnical and Adult Education Members ofthe Local Board ofDirectors
and Honorable Randall Peters, President Heart of Georgia Technical Institute
Ladies and Gentlemen:
As part of our audit of the statutory basis financial statements ofthe State of Georgia presented in the State of Georgia Report of the 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 of and for the year ended June 30, 1999, we have performed certain audit procedures at Heart of Georgia Technical Institute. Accordingly, the financial statements and compliance activities ofHeart of Georgia Technical Institute were examined to the extent considered necessary in order to express an opinion as to the fair presentation of the financial statements contained in the foregoing documents and to issue reports on compliance and internal control as required by the Single Audit Act Amendments of 1996.
This Management Report contains information pertinent to the financial and compliance activities ofHeart of Georgia Technical Institute as of and for the year ended June 30, 1999. The particular information provided is enumerated in the Table of Contents.
This report is intended solely for the information and use ofmanagement and members ofthe Local Board of Directors of Heart of Georgia Technical Institute and is not intended to be and should not be used by anyone other than these specified parties.
Respectfully submitted,
~~lA-~
Russell W. Hinton State Auditor
RWH:gp

SELECTED FINANCIAL INFORMATION

HEART OF GEORGIA TECHNICAL INSTITUTE ANALYSIS OF CHANGES IN FUND BALANCE
BUDGET FUND YEAR ENDED JUNE 30. 1999

EXHIBIT"A"

FUND BALANCE - JULy 1I 1998
Reserved Surplus
ADDITIONS
Adjustments to Prior Year's Accounts Payable Excess of Funds Available over Expenditures
Exhibit "B" Exhibit"C"
DEDUCTIONS
Unreserved Fund Balance (Surplus) Returned to Georgia Department of Technical and Adult Education - Administrative Central Office Year Ended June 30, 1998
Adjustments to Prior Year's Accounts Receivable Refunds to Grantor
Georgia Department of Technical and Adult Education - Administrative Central Office Federal Financial Assistance
Reserved Fund Balance Carried Over from Prior Year as Funds Available

"A" DEPARTMENT OF
TECHNICAL AND ADULT EDUCATION

"B" LOTTERY FOR
EDUCATION

TOTAL

$

58,972.35

3,310.83 $

$

62,283.18 $

$ 5.64
5.64 $

58,972.35 3,316.47
62,288.82

$

4,915.04

32,489.54 $

$

37,404.58 $

$
0.00 0.00 $

4,915.04
32,489.54 0.00
37,404.58

$

3,310.83 $

685.42

27,961.43

31,588.20

$

631545.88 $

5.64 $

3,316.47 685.42

5.64 $

27,961.43 31,588.20 631551.52

FUND BALANCE- JUNE 30. 1999

$

361141.88 $

0.00 $....,..====36;:.r1,.;,.14=1=.8=8

SUMMARY OF FUND BALANCE
Reserved Federal Financial Assistance For Continuation of Program Live Work Projects Prior Year Local Funds
Surplus

$

280.93

$

280.93

5,272.87

5,272.87

26,888.26

26,888.26

31699.82 $ ---~0.:.:::.0~0

31699.82

$

0.00 $=====36:.!1:'"=14=1=.8=8

- 1-

HEART OF GEORGIA TECHNICAL INSTITUTE SCHEDULE OF FUNDS AVAILABLE AND EXPENDITURES
COMPARED TO BUDGET BUDGET FUND
"B" LOTTERY FOR EDUCATION YEAR ENDED JUNE 30. 1999

EXHIBIT"C"

FUNDS AVAILABLE REVENUES
State Appropriations
EXPENDITURES Equipment-Technical Institutes
Excess of Funds Available over Expenditures

BUDGET

ACTUAL

VARIANCEFAVORABLE (UNFAVORABLE)

$ 1,365,729.00 $

92,057.52 $ -1,273,671.48

$ 1,365,729.00 $

92,057.52 $

1,273,671.48

$

0.00 $ ===~0~.0~0

-3-