GM f\800
.PJ
\Jh L.28 jCf93-lJf
STATE OF GEORGIA DEPARTMENT OF AUDITS
254 WASHINGTON STREET ATLANTA. GEORGIA 30334

REVIEW REPORT STATE OF GEORGIA LANIER TECHNICAL INSTITUTE OAKWOOD, GEORGIA YEAR ENDED JUNE 30, 1994

LANIER TECHNICAL INSTITIITE - TABLE OF CONTENTS -

SECTION I

FINANCIAL

INDEPENDENT ACCOUNTANT'S COMBINED REPORT ON REVIEW OF FINANCIAL STATEMENTS AND SUPPLEMENTARY INFORMATION

EXIIlBITS

FINANCIAL STATEMENTS

A COMBINED BALANCE SHEET (STATUTORY BASIS)

ALL FUND TYPES AND ACCOUNT GROUPS

2

B STATEMENT OF CHANGES IN FUND BALANCE (STATUTORY BASIS)

GOVERNMENTAL FUND TYPE

3

C STATEMENT OF FUNDS AVAILABLE AND EXPENDITURES

BUDGET FUND

4

STATEMENTSOFFUNDSAVAILABLEANDEXPENDITURES

COMPARED TO BUDGET

BUDGET FUND

D

"A" DEPARTMENT OF TECHNICAL AND ADULT EDUCATION

7

E

"B" LOTTERY FOR EDUCATION

8

F NOTES TO THE FINANCIAL STATEMENTS

9

SUPPLEMENTARY INFORMATION

G COMBINING BALANCE SHEET (STATUTORY BASIS)

BUDGET FUND

20

H COMBINING STATEMENT OF CHANGES IN FUND BALANCE

(STATUTORY BASIS)

BUDGET FUND

21

I COMBINING STATEMENT OF FUNDS AVAILABLE AND EXPENDITURES

BUDGET FUND

22

J COMBINING STATEMENT OF CHANGES IN ASSETS AND LIABILITIES

FIDUCIARY FUND TYPE - AGENCY FUNDS

25

SCHEDULES

I CASH AND CASH EQUIVALENTS

26

2 SCHEDULE OF FEDERAL REVENUES

27

3 RECONCILIATION OF SALARIES AND WAGES, AND TRAVEL

28

LANIER TECHNICAL INSTITIJTE -TABLE OF CONTENTS-
SECTION II FINDINGS AND IMPROPER OR QUESTIONED COSTS SCHEDULE OF FINDINGS AND IMPROPER OR QUESTIONED COSTS

SECTION I FINANCIAL

CLAUDE L. VICKERS STATE AUD110R (404) 6562174
TAX RATIO (404) 656-0494

~.epartm.ent nf ~uhits
254 WASHINGTON STREET. SW ROOM 214
~tlanht, eorgin 30334-8400
August 23, 1994

FINANCIAL AUDITS (404) 6562180
PROGRAM AUDITS (404) 656-2006

Honorable Zell Miller, Governor Members ofthe General Assembly of Georgia Members ofthe State Board ofTechnical and Adult Education Members ofthe Local Board ofDirectors
and Honorable Joe E. Hill, President Lanier Technical Institute
INDEPENDENT ACCOUNTANT'S COMBINED REPORT ON REVIEW OF FINANCIAL STATEMENTS AND SUPPLEMENTARY INFORMATION
Ladies and Gentlemen:
We have reviewed the accompanying financial statements (Exhibits A through F) of Lanier Technical Institute as ofand for the year ended June 30, 1994, in accordance with Statements on Standards for Accounting and Review Services issued by the American Institute of Certified Public Accountants. As described in Note 1, 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 accounting principles. All information included in these financial statements is the representation ofthe management ofLanier Technical Institute.
A review consists principally of inquiries oflnstitute personnel and analytical procedures applied to financial
data. It is substantially less in scope than an audit in accordance with generally accepted auditing standards,
the objective of which is the expression of an opinion regarding the financial statements taken as a whole. Accordingly, we do not express such an opinion.
Based on our review, we are not aware of any material modifications that should be made to the accompanying financial statements in order for them to be in conformity with the basis of accounting described in Note 1.
Our review was made for the purpose ofexpressing limited assurance that there are no material modifications that should be made to the financial statements in order for them to be in conformity with the basis of accounting described in Note 1. The accompanying supplementary information (Exhibits G through J and Schedules 1 through 3) is presented only for supplementary analysis purposes. Such information has been

94ARL-4T

subjected to the inquiries and analytical procedures applied in the review of the financial statements, and we are not aware of any material modifications that should be made thereto.
Respectfully submitted,
~-~~
Claude L. Vickers State Auditor
CLV:cm 94ARL-4T

FINANCIAL STATEMENTS - 1-

LANIER TECHNICAi, INSTITUTE
COMBINED BALANCE SHEET (STATUTORY BASIS}
ALL FUND TYPES AND ACCOUNT GROUPS JUNE 30. 1994

EXHIBIT "A"

GOVERNMENTAL FIDUCIARY FUND TYPE FUND TYPE

BUDGET

AGENCY

ACCOUNT GROUPS

GENERAL FIXED ASSETS

GENERAL LONG-TERM
DEBT

TOTALS (Memorandum Only)
J-U-N-E---3-0-,--1-9-9-4---JU-N--E--3-0-,--1-9-9-3

ASSETS

Cash and Cash Equivalents (See Schedule)

$ 116,738.70$ 16,874.55

$ 133,613.25$ 119,781.54

Accounts Receivable State Funds Federal Financial Assistance Other

$ 249,207.46 89,054.37 35,955.55$ 207 .40

$ 249,207.46 $ 132,487.25

89,054.37

57,B42.85

36,162.95

19,182.44

$ 374,217.38$ 207 .40

$ 374,424.78$ 209,512.54

Fixed Assets Equipment

$1,932,262.96

$1,932,262.96 $1,432,397.46

Amounts to be Provided for Payment of: Accrued Canpensated Absences Capital Lease Carmitments

$214,918.63 $ 214,918.63 $ 199,903.36

0.00

0.00

34,116.35

$214,918.63 $ 214,918.63 $ 234,019.71

Total Assets

$ 490,956.08$ 17,081.95 $1,932,262.96 $214,918.63 $ 2,655,219.62 $1,995,711.25

LIABILITIES AND FUND EQUITY

Liabilities Accounts Payable Salaries Payable Payroll Withholdings Deferred Revenue Tuition and Fees Funds Held for Others Canpensated Absences Capital Leases

$ 241,329.12 141,677.38 21,327.57 26,684.00 $ 17,081.95

$
$214,918.63 0.00

241,329.12 $ 141,677.38 21,327.57 26,684.00 17,081.95 214,918.63
0.00

105,789.63 91,687.20 10,071.36 53,353.00 9,697.99 199,903.36 34,116.35

Total Liabilities

$ 431,018.07$ 17,081.95

$214,918.63 $ 663,018.65$ 504,618.89

Fund Equity Investment in General Fixed Assets Fund Balance Reserved Live Work Projects Prior Year Local Funds Unreserved Designated Surplus Regular Total Fund Equity

$ 12,680.84 47,190.31
66.86
------------
$ 59,938.01
------------

$1,932,262.96 $1,932,262.96

$1,932,262.96$ 1,432,397.46

12,680.84 47,190.31

6,319.39 51,798.03

66.86

577.48

$1,992,200.97 $1,491,092.36

Total Liabilities and Fund Equity

$ 490,956.08$ 17,081.95 $1,932,262.96 $214,918.63$ 2,655,219.62$ 1,995,711.25

See Indeoendent Accountant's Cait>ined Report on Review of Financial Statements and Supp1ementary Infonnation. The notes to the financial statements are an integral part of this statement.
- 2-

LANIER TECHNICAL INSTITUTE STATEMENT OF CHANGES IN FUND BALANCE (STATUTORY BASIS}
GOVERNMENTAL FUND TYPE YEAR ENDED JUNE 30, 1994

EXHIBIT "B"

FUND BALANCE - JULY 1
Reserved Unreserved
Designated Surplus/Deficit
ADDITIONS
Adjustments to Prior Year's Accounts Payable
Excess of Funds Available over Expenditures Exhibit "C"
DEDUCTIONS
Unreserved Fund Balance (Surplus) Returned to Georgia Department of Technical and Adult Education Administrative Central Office Year Ended June 30, 1992 Year Ended June 30, 1993
Adjustments to Prior Year's Accounts Receivable
Refunds to Granters Georgia Department of Technical and Adult Education - Administrative Central Office Federal Financial Assistance
Reserved Fund Balance Carried Over from Prior Year as Funds Available
FUND BALANCE - JUNE 30
(To Exhibit "A")

BUDGET FUND YEAR ENDED JUNE 30, 1994 JUNE 30, 1993

$ 58,117.42 $ 70,555.89

577. 48

-7,646.53

$ 58,694.90 $ 62,909.36

$

75.65 $

658.90

59,862.36

58,204.21

$ 59,938.01 $ 58,863.11

$

0.00 $ -7,646.53

577. 48

0.00

0.00

168.21

0.00 58,117.42

1,361.34 69,194.55

$ 58,694.90 $ 63,077.57

$ 59,938.01 $ 58,694.90
---------- ---------

See Independent Accountant's Combined Report on Review of Financial Statements and Supplementary Information.
The notes to the financial statements are an integral part of this statement.
- 3-

LANIER TECHNICAL INSTITUTE STATEMENT OF FUNOS AVAILABLE AND EXPENDITURES
BUDGET FUND YEAR ENDED JUNE 30. 1994

EXHIBIT "C" Page 1

----------Y-E-ATR-O-T-AE-NL-DS-ED----------
JUNE 30, 1994 JUNE 30, 1993

FUNDS AVAILABLE

REVENUES

STATE FUNDS Allotment from Georgia Department of Technical and Adult Education - Administrative Central Office

$ 3,838,700.07 $ 3,544,302.09

FEDERAL REVENUES (See Schedule)

$ 660,290.72$ 602,735.53

OTHER REVENUES RETAINED Contracts Georgia Department of Human Resources PEACH Project Georgia Institute of Technology Satellite Technology Program Donations Fees Application Registration/Continuing Education Testing Other Interest Earned Reimbursements From Various Sources Sales and Services (Net) Tuition Total Other Revenues Retained Total Revenues
CARRY-OYER FROM PRIOR YEAR

$ 35,489.55 $ 19,139.33

2,783.78 36,930.64

0.00 27,429.60

22,675.00 154,266.89 25,240.00
16,557.00 0.00

17,970.00 162,728.03
19,995.00 8,685.00
288.14

112,721.22

118,368.13

64,764.17

57,064.48

----4-4-3-,-6-8-1-.5--0 ----3-6-2-,-6-7-3-.9--1

$----9-1-5-,-1-0-9-.-7-5 $----7-9-4-,-3-4-1-.-6-2 $--5-,4-1--4-,1--0-0-.5--4 $--4-,9-4--1-,3--7-9-.2--4

Transfer from Reserved Fund Balance Live Work Projects Prior Year Local Funds Total Carry-Over from Prior Year

$ 6,319.39 $ 13,567.68
-----5-1-,7--9-8-.0--3 -----5-5-,-6-2-6-.8--7 $-----5-8-,-1-1-7-.-4-2 $-----6-9-,-1-9-4-.-5-5

Total Funds Available

$5,472,217.96$ 5,010,573.79

EXPENDITURES PERSONAL SERVICES-INSTITUTIONS
Salaries and Wages Employer's Contributions for:
F. I .C.A. Retirement Health Insurance Liability Insurance Unemplornent Compensation Insurance Workers Compensation Insurance

$ 2,811,698.79 $ 2,690,288.97

41,095.42 291,820.53 310,340.41
10,795.00 4,844.00 15,219.00

39,324.50 279,023.81 295,479.24
7,410.00 3,277.00 3,768.00

$3,485,813.15$ 3,318,571.52

See Independent Accountant's Combined Report on Review of Financial Statements and Supplementary Information. The notes to the financial statements are an integral part of this statement.
- 4-

LANIER TECHNICAL INSTITUTE STATEMENT OF FUNDS AVAILABLE AND EXPENDITURES
BUDGET FUND
YEAR ENDED JUNE 30. 1994

EXHIBIT "C" Page 2

----------Y-EA-TR-O-T-AE-NL-SD-ED----------
JUNE 30, 1994 JUNE 30, 1993

EXPENDITURES

OPERATING EXPENSES-INSTITUTIONS

Other Costs Motor Vehicle Expenses Supplies and Materials Repairs and Maintenance Utilities Rents (Other than Real Estate) Insurance and Bonding Other Operating Expenses Publications and Printing
Trave 1 Motor Vehicle Purchases Equipment
Equipment Purchases Rental of Equipment Computer Charges Other Costs
Supplies and Materials Repairs and Maintenance Software Equipment Equipment Purchases Lease/Purchase of Equipment Per Diem, Fees and Contracts Contracts Real Estate Rentals Telecommunications Per Diem, Fees and Contracts Per Diem and Fees Contracts
QUICK START PROGRAM
-------------------
Personal Services Salaries and Wages Em~loyer's Contributions for: .LC.A. Retirement Health Insurance Liability Insurance Unemplo.yment Compensation Insurance Workers Compensation Insurance
Other Costs Supplies and Materials Repairs and Maintenance Utilities Insurance and Bonding Other Oferating Expenses Publica ions and Printing
Travel Equipment
Equipment Purchases Rental of Equipment Computer Charges Other Costs
Supplies and Materials Software Telecommunications Per Diem, Fees and Contracts Per Diem and Fees

$ 10,847.99 $ 4,209.43

247,238.15

223,873.66

66,52B.43

132,335.40

149,365.64

147,929.02

0.00

460.3B

3,295.00

7,230.75

B2,012.41

140,404.10

24,440.40

15,154.57

40,379.75

30,064.21

38,957.14

0.00

76,414.97 15,384.13

61,015.92 11,912.63

B,273.00 4,67B.45 16,619.60

6,660.09 4,335.35 24,97B.70

49,043.79 38,051.81

135,788.00 38,051.81

548.84 0.00
36,782.93

1,928.08 23,202.00 34,278.72

64,476.46

22,453.22

----3--3-,0--5-4-.8--8 ----------0-.-0-0

$-1-,-0-0-6-,-3-9-3--.7-7- $-1-,-0-6-6-,-2-6-6--.0-4-

$ 14,305.00 $ 76,575.76

207.45 0.00 0.00 0.00 0.00 0.00

1,165.11 4,046.34 4,370.21
285.00 141. 00 165.00

11,283.04 13,813.73 13,788.38
516.00 719.00 1,289.51 4,347.94

16,671.80 11,069.72 12,318.52
674.00 1,304.33
471.76 6,871.32

825.00 9,684.90

1,652.00 8,750.00

22.70 0.00
9,396.23

0.00 703.34 10,630.76

-----4-3-,0--4-6-.2--9 -----5-6-,-3-9-3-.-5-4

$----1-2-3-,-2-4-5-.1--7 $----2-1-4-,2--5-9-.5-1-

See Independent Accountant's Combined Report on Review of Financial Statements and Supplementary Information. The notes to the financial statements are an integral part of this statement.
- 5-

LANIER TECHNICAL INSTITUTE
STATEMENT OF FUNDS AVAILABLE AND EXPENDITURES BUDGET FUND
YEAR ENDED JUNE 30. 1994

EXHIBIT "C" Page 3

TOTALS YEAR ENDED JUNE 30, 1994 JUNE 30, 1993

-E-X-P-E-N-D-IT-U--R-E-S
ADULT LITERACY GRANTS
---------------------
Personal Services Salaries and Wages Em~loyer's Contributions for: . I .C.A. Retirement Hea 1th Insurance Liability Insurance Unemplo.yment Compensation Insurance Workers Compensation Insurance
Other Costs Supplies and Materials Re~airs and Maintenance Ut lities Insurance and Bonding Other Oferating Expenses Publica ions and Printing
Travel Equipment
Equipment Purchases Rental of Equipment Computer Charges Software Equipment
E~uipment Purchases Real state Rentals Telecommunications Per Diem, Fees and Contracts
Per Diem and Fees
JOB TRAINING PARTNERSHIP ACT

$ 462,337.57 $ 272,713.61

6,638.83 20,282.76 21,577.37
508.00 256.00 396.00

4,105.21 14,751.33 15,504.33
3BO.OO 188.00 220.00

33,788.12 4,526.13 4,682.92 74.00 7,698.30 490.00
13,460.61

18,342.44 1,004.25 3,615.98
24.00 3,417.94
416.00 9,885.47

15,402.84 315.00

720.00 0.00

14,527.60

4,858.00

46,457.17 24,342.00 6,135.18

0.00 0.00 1,478.08

318.90
-------------

------1-,6--4-7-.-8-7

$ 684,215.30
-------------

$----3-5-3-,2--7-2-.5--1

Personal Services Salaries and Wages Employer's Contribution for: F. I .C.A.
Other Costs Other Operating Expenses
EQUIPMENT - STATE SCHOOLS

$ 28,168.50 $

0.00

408.45

0.00

2,136.26

0.00

------------- -------------

$ 30,713.21
-------------

$----------0-.0--0

Equipment Equipment Purchases

$ 81,975.00$

0.00

Total Expenditures Excess of Funds Available over Expenditures

$5,412,355.60$ 4,952,369.58

59,862.36

58,204.21

$5,472,217.96$ 5,010,573.79

See Independent Accountant's Combined Report on Review of Financial Statements and Supplementary Information. The notes to the financial statements are an integral part of this statement.
- 6-

LANIER TECHNICAL INSTITUTE
STATEMENT OF FUNDS AVAILABLE AND EXPENDITURES
COMPARED TD BUDGET BUDGET FUND
"A" DEPARTMENT OF TECHNICAL ANO ADULT EDUCATION
YEAR ENDED JUNE 30. 1994

EXHIBIT "D"

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

BUDGET

ACTUAL

VARIANCEFAVORABLE (UNFAVORABLE)

$ 3,761,905.00 $ 3,756,725.07 $ -5,179.93

658,119.00

660,290.72

2,171.72

1,218,699.00

915,109.75 -303,589.25

------------- ------------- -------------

$ 5,638,723.00 $ 5,332,125.54 $ -306,597.46

50,000.00

58,117.42

8,117.42

$ 5,688,723.00 $5,390,242.96$ -298,480.04

EXPENDITURES Personal Services-Institutions Operating Expenses-Institutions Quick Start Program Adult Literacy Grants Job Training Partnership Act
Excess of Funds Available over Expenditures

$ 3,566,733.00 $ 3,485,813.15 $ 80,919.85

1,202,727.00 1,006,393.77

196,333.23

127,684.00

123,245.17

4,438.83

758,326.00

684,215.30

74,110.70

33,253.00

30,713.21

2,539.79

------------- ------------- -------------

$5,688,723.00$ 5,330,380.60$ 358,342.40
sca:scsc==== ------------- -------------

$ 59,862.36 $ 59,862.36

See Independent Accountant's Combined Report on Review of Financial Statements and Supplementary Information. The notes to the financial statements are an integral part of this statement.
- 7-

LANIER TECHNICAL INSTITUTE STATEMENT OF FUNDS AVAILABLE AND EXPENDITURES
COMPARED TO BUDGET BUDGET FUND
"B" LOTTERY FOR EDUCATION
YEAR ENDED JUNE 30. 1994

EXHIBIT "E"

FUNDS AVAILABLE REVENUES
State Funds

BUDGET

ACTUAL

VARIANCEFAVORABLE (UNFAVORABLE)

$ 81,975.00 $ 81,975.00$

0.00

-=--=-=------ ------------- -------------

EXPENDITURES Equipment - State Schools

$ 81,975.00 $ 81,975.00 $

0.00

---==------=- -------------

Excess of Funds Available over Expenditures

$

0.00 $

0.00

See Independent Accountant's Combined Report on Review of Financial Statements and Supplementary Information. The notes to the financial statements are an integral part of this statement.
- 8-

LANIER TECHNICAL INSTITIJTE
NOTES TO THE FINANCIAL STATEMENTS
JUNE 30, 1994

EXlilBIT "F"

NOTE 1: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
REPORTING ENTITY Lanier Technical Institute is one of twenty-eight (28) State supported member institutes of postsecondary education in Georgia which comprise the Georgia Department of Technical and Adult Education, an organizational unit of the State of Georgia. The accompanying financial statements reflect the operations of Lanier Technical Institute as a separate reporting entity.
The Institute's Local Board ofDirectors is composed of nine (9) members serving staggered three-year terms who are appointed by the State Board of Technical and Adult Education. Appropriation of State funds is made to the Georgia Department ofTechnical and Adult Education by the General Assembly of Georgia. The Department's Administrative Central Office determines the amount of State funds to be received by Lanier Technical Institute. The Institute does not have authority to retain unexpended State funds (surplus) for any given fiscal year. Accordingly, Lanier Technical Institute is considered an organiz.ational unit of the Georgia Department ofTechnical and Adult Education for financial reporting purposes because of the significance of its legal, operational, and financial relationships as defined in Section 2100 of the Governmental Accounting Standards Board Codification of Governmental Accounting and Financial Reporting Standards.
FUND ACCOUNTING Lanier Technical Institute uses funds and account groups to report on its financial position and the results of its operations determined in conformity with the accounting practices prescribed or permitted by statutes and regulations ofthe State ofGeorgia. Fund accounting is designed to demonstrate legal compliance and to aid financial management by segregating transactions related to certain governmental functions or activities. A fund is a separate accounting entity with a self-balancing set of accounts. An account group, on the other hand, is a financial reporting device designed to provide accountability for certain assets and liabilities that are not recorded in the funds because they do not directly affect net expendable available financial resources.
Funds and account groups presented in the accompanying financial statements are as follows:
GOVERNMENTAL FUND TYPE
BUDGET FUND - The fund used to account for activities and functions as set forth in the Amended Appropriations Act of 1993-1994. This fund also includes operations from various institutional services provided to students, faculty, and/or staff which are funded by fees charged to participants that are directly related to, but not necessarily equal to, the cost of service. The Budget Fund is similar in nature to a General Fund as identified in generally accepted accounting principles in that the Budget Fund is used to account for all activities except those required to be accounted for in some other fund.
FIDUCIARY FUND TYPE
AGENCY FUNDS - The funds used to account for assets held for use by other funds, governments, or individuals.

- 9-

LANIER TECHNICAL INSTITUTE
NOTES TO THE FINANCIAL STATEMENTS
JUNE 30, 1994

EXHIBIT F

NOTE I: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
FUND ACCOUNTING
ACCOUNT GROUPS
GENERAL FIXED ASSETS - The account group used to account for fixed assets used in governmental fund type operations. Fixed assets purchased are recorded at historical cost. Donated fixed assets are recorded at fair market value on the date donated. Disposals are deleted at recorded values. No depreciation has been provided on general fixed assets.
GENERAL LONG-TERM DEBT - The account group used to report the noncurrent portions of certain governmental long-tenn liabilities, such as claims, judgments, and compensated absences, which will be paid from future resources.
BASIS OF ACCOUNTING MEASUREMENT FOCUS
The accounting and financial reporting treatment applied to a fund is determined by its measurement focus. Governmental funds should be accounted for using the current financial resources measurement focus. With this measurement focus, only current assets and current liabilities generally are included on the balance sheet. Operating statements ofthese funds present increases (i.e., revenues) and decreases (i.e.,expenditures) in net current assets.
GOVERNMENTAL FUND TYPE BUDGETFUND
Except as disclosed in the following paragraphs, units of government of the State of Georgia record their Budget Fund revenues and expenditures in accordance with the modified accrual basis of accounting. Under the modified accrual basis ofaccounting, revenues are recognized when susceptible to accrual (i.e.,when they become both measurable and available). "Measurable" means the amount of the transaction can be determined and "available" means collectible within the current period or soon enough thereafter to be used to pay liabilities of the current period. Revenues that are accrued include primarily State funds, Federal grants and entitlements, and certain amounts earned under operating agreements with other parties. Further, the modified accrual basis ofaccounting calls for expenditures, other than accrued interest of general long-term debt, to be recorded when the related fund liability is incurred.
Contractual obligations for services which have not been performed and for goods which have not been delivered at the end of the fiscal year are recognized as expenditures and liabilities in the accompanying financial statements. This accounting practice causes expenditure-driven grant revenues to be accrued based in part on the unexecuted portion of contracts for goods and services. The recognition of encumbrances as expenditures and liabilities is in conformity with accounting practices prescribed or permitted by statutes and regulations ofthe State ofGeorgia, but is not consistent with generally accepted accounting principles, which provide for the recording ofencumbrances as a reservation of fund balance. Further, revenue recognition for expenditure-driven grants should be based upon expenditures determined in accordance with generally accepted accounting principles.
- 10 -

LANIER TECHNICAL INSTITUTE
NOTES TO THE FINANCIAL STATEMENTS JUNE 30, 1994

EXHIBIT "F"

NOTE I: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
BASIS OF ACCOUNTING GOVERNMENTAL FUND TYPE BUDGET FUND
Prior period adjustments are reported as additions to and deductions from fund balance of the Budget Fund in the accompanying financial statements. This presentation is in accordance with accounting practices prescnbed or permitted by statutes and regulations ofthe State of Georgia, but 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 in that assets are equally offset by liabilities to other funds, governmental units, or individuals. The modified accrual basis of accounting is utilized for recognizing assets and liabilities.
BUDGET The Georgia Department of Technical and Adult Education - Administrative Central Office receives State appropriated funds and certain Federal funds for the various technical institutes throughout the State. The appropriated budget is adopted at the departmental level and represents appropriations provided by the Amended Appropriations Act of 1993-1994. The budget allocation and disbursement of these funds is made to the various technical institutes by the Administrative Central Office. In addition, the technical institutes receive certain Federal funds and other funds directly and include these funds in the budget filed with the Administrative Central Office.
CASH AND CASH EQUIVALENTS Cash and Cash Equivalents include currency on hand and demand deposits with banks and other authorized financial institutions.
ACCOUNTS RECEIVABLE Accounts receivable consist of allotments due from the Administrative Central Office of the Department of Technical and Adult Education, reimbursements due from Federal, State, local and private grants and contracts, and other receivables disclosed from information available.
INVENTORIES No inventories of supplies are reported in the current financial statements. Expendable supplies are recorded as expenditures at the time of purchase.
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:

- 11 -

LANIER TECHNICAL INSTITUTE
NOTES TO THE FINANCIAL STATEMENTS
JUNE 30. 1994

EXHIBIT "F"

NOTE 1: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
RESERVED FUND BALANCE
LIVE WORK PROJECTS The accumulated balance of unexpended funds derived from student live work projects. This amount is restricted to expenditures for live work projects in subsequent fiscal years.
PRIOR YEAR LOCAL FUNDS Effective July 1, 1988, Lanier Technical Institute became a part of the Georgia Department of Technical and Adult Education. The Official Code of Georgia Annotated Section 20-4-23 provides the Institute may retain for future operations "...any unexpended nonstate funds that have been collected by, appropriated for, or otherwise earmarked for use by said postsecondary technical school operated by a local board of education or an area board...". These unexpended local funds are available for use in subsequent fiscal years.
COMPENSATED ABSENCES Compensated absences represent obligations of the Institute relating to employees' rights to receive compensation for future absences based upon services already rendered. This obligation relates only to vesting accumulated leave in which payment is probable and can be reasonably estimated. No liability has been
recorded in the Budget Fund for the current portion ofthis obligation as this amount will not be liquidated with
expendable available financial resources. Funds are provided in the allotment of State funds each year to the Institute to cover the cost of annual leave paid to terminated employees.
The liability for compensated absences at year-end is reported in the General Long-Term Debt Account Group for governmental funds.
MEMORANDUM ONLY - TOTAL COLUMNS Total columns on the Combined Balance Sheet (Statutory Basis) are captioned "Memorandum Only" to indicate that they are presented only to facilitate financial analysis. Data in these columns do not present 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 ofthis data.
COMPARATIVE DATA Comparative total data for the prior year have been presented in the accompanying financial statements in order to provide an understanding of changes in the Institute's financial position and operations. However, comparative data have not been presented in all statements because their inclusion would make certain statements unduly complex and difficult to understand.
Certain reclassifications have been made to the comparative data in order to provide comparability with the current year classifications.

- 12 -

LANIER TECHNICAL INSTITUTE NOTES TO THE FINANCIAL STATEMENTS
JUNE 30, 1994

EXIIlBIT "F"

NOTE 2: CUSTODIAL CREDIT RISKS OF CASH DEPOSITS
STATE OF GEORGIA COLLATERALIZATION STATUTES AND POLICIES Funds belonging to 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 any one or more ofthe following securities as enumerated in the Official Code of Georgia Annotated Section 50-17-59:
(1) Bonds, bills, notes, certificates of indebtedness, or other direct obligations of the United States or of the State of Georgia.
(2) Bonds, bills, notes, certificates of indebtedness, or other obligations of the counties or municipalities of the State of Georgia.
(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, notes, certificates of indebtedness, or other obligations of a subsidiary corporation ofthe United States government, which are fully guaranteed by the United States government both as to principal and interest and debt obligations issued by the Federal Land Bank, the Federal Home Loan Bank, the Federal Intermediate Credit Bank, the Central Bank for Cooperatives, the Fann Credit Banks, the Federal Home Loan Mortgage Association, and 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 (which include technical institutes) the option of exempting demand deposits from the collateral requirements.
COLLATERALIZATION OF DEPOSITS For purposes of analysis of custodial credit risk, cash deposits consists of all bank balances which include demand deposits and/or interest bearing accounts. These bank balances 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 Institute or by its agent in the Institute's name.
Category 2 - Amounts collateralized with securities (at market value) held by the financial institution's trust department or agent in the Institute's name.
- 13 -

LANIER TECHNICAL INSTITUTE
NOTES TO THE FINANCIAL STATEMENTS JUNE 30, 1994

EXIIlBIT "F"

NOTE 2: CUSTODIAL CREDIT RISKS OF CASH DEPOSITS

COLLATERALIZATION OF DEPOSITS Category 3 - Amounts collateralized with securities (at market value) held by the financial institution or by its trust department or agent, but not in the Institute's name, and amounts uncollateralized.

Canying Ammmt

Bank Balances

Risk Categories

2

3

Cash Deposits

S132 993 25 S424 738 46 S100 000 00 S324 738 46 $======0===00==

NOTE 3: CHANGES IN GENERAL FIXED ASSETS

In accordance with the statutory definition ofmoveable personal property (Official Code of Georgia Annotated Section 50-16-161), only those items with an acquisition cost of $1,000.00 or greater are reflected in the General Fixed Assets Account Group.

The following is a summary ofchanges of equipment for the General Fixed Assets Account Group during the fiscal year:

Balance July 1, 1993 Additions Deductions Balance June 30, 1994

$ 1,432,397.46 499,865.50 0.00
$ 1,932,262 96

NOTE 4: GENERAL LONG-TERM DEBT

CHANGES IN GENERAL LONG-TERM DEBT A summary of changes in General Long-Term Debt for the year ended June 30, 1994, follows:

Balance July 1, 1993
Additions Annual Leave Earned and Utilized (Net) Salaries and Wages Salary-Related Fringe Benefits(*)
Deductions
Balance June 30, 1994

Compensated Absences
$ 199,903.36

Capital Leases
$ 34,116.35

Total $ 234,019.71

11,639.65 3,375.62

34,116.35

11,639.65 3,375.62 34,116.35

s 214 21s.63 s___o"""oo...., s 214_91s 63

(*) Includes salary-related fringe benefits applicable to compensated absences at July 1, I 993.

- 14 -

LANIER TECHNICAL INSTITUTE
NOTES TO THE FINANCIAL STATEMENTS
JUNE 30, 1994

EXIIlBIT "F"

NOTE 5: DEFERRED COMPENSATION PLAN
The State of Georgia offers its employees a deferred compensation plan created in accordance with Internal Revenue Code Section 457. The plan. available to employees of the State of Georgia and county health departments, permits such employees to defer a portion of their salary until future years. Participation in the plan is optional. Participants choose the option or options in which they wish to participate. The deferred compensation is not available to employees until termination, retirement, death, or unforeseeable emergency. All amounts ofcompensation deferred under the plan. all property and rights purchased with those amounts, and all income attributable to those amounts, property, or rights are (until paid or made available to the employee or othe.r beneficiary) solely the property or rights of the State of Georgia subject only to the claims ofthe State's general creditors. Participant's rights under the plan are equal to those of a general creditor of the State of Georgia in an amount equal to the fair market value of the deferred account of each participant. Financial information relative to the plan is presented in the financial report of the State Personnel Board Merit System ofPersonnel Administration for the year ended June 30, 1994.
NOTE6: RETIREMENTPLANS
EMPLOYEES' RETIREMENT SYSTEM OF GEORGIA TEACHERS RETIREMENT SYSTEM OF GEORGIA Substantially all employees are members of the Employees' Retirement System of Georgia or the Teachers Retirement System ofGeorgia. The Employees' Retirement System of Georgia is a single-employer, defined benefit pension plan. while the Teachers Retirement System of Georgia is a cost-sharing multiple-employer public employee retirement system.
These Retirement Systems were established by the General Assembly of Georgia for the purpose of providing
retirement allowances for employees of the State of Georgia. Both Retirement Systems are funded through a combination of employee and employer contributions. Employees are required to contribute a graduated percentage of annual compensation. Employer contributions are for a specified percentage of active member payroll determined annually by an actuarial valuation. During the year ended June 30, 1994, the Institute contributed $5,500.44 to the Employees' Retirement System of Georgia and $306,602.85 to the Teachers Retirement System of Georgia. Participation in either Retirement System is not segregated by employee groups of individual governmental units and the Institute has no further liability under either Retirement System other than future employer contributions as established for each fiscal year. Information relative to each plan's description, funding status, and historical trends is presented in the financial reports of the
Employees' Retirement System ofGeorgia and the Teachers Retirement System of Georgia for the year ended
June 30, 1994.
GEORGIA DEFINED CONTRIBUTION PLAN The State ofGeorgia provides retirement coverage for temporary, seasonal, and part-time employees who are not eligible for membership in the Retirement Systems referred to above through a single-employer defined contribution plan. The Georgia Defined Contribution Plan was established by the General Assembly of Georgia and is administered by the Board of Trustees of the Employees' Retirement System of Georgia. Covered employees are required to contribute 7.5% of their gross salary, with no matching contribution by the employer. A member who terminates employment may apply for a refund of contributions and interest.
- 15 -

LANIER TECHNICAL INSTITUTE NOTES TO THE FINANCIAL STATEMENTS
JUNE 30. 1994

EXHIBIT "F"

NOTE6: RETIREMENTPLANS
GEORGIA DEFINED CONTRIBUTION PLAN Benefits are based solely on the amount contributed by the employee plus investment earnings. Upon discretion ofthe Board ofTrustees, members who leave employment with less than $3,500.00 credited to their account may be required to make a lump-sum withdrawal. Members are eligible to retire at the age of 65 with the option ofreceiving a periodic payment based on mortality tables and interest accumulation as adopted by the Board of Trustees of the Employees' Retirement System of Georgia. Information relative to the plan description and funding status is presented in the financial report of the Employees' Retirement System of Georgia for the year ended June 30, 1994.
NOTE 7: LEAVE POLICIES
Employees earn annual leave ranging from one and one-quarter days to one and three-quarter days each month depending upon the employees' length ofcontinuous State service with a maximum accumulation offorty-five days. Employees are paid for unused accumulated annual leave upon retirement or termination of employment. See Note 1- Compensated Absences
Employees earn one and one-quarter days of sick leave each month with a maximum accumulation of ninety days. Unused accumulated sick leave does not vest with the employee and is forfeited upon retirement or termination ofemployment.
NOTE 8: NONMONETARYTRANSACTIONS
The Administrative Central Office ofthe Georgia Department ofTechnical and Adult Education used lottery proceeds to purchase $502,480.58 of equipment for Lanier Technical Institute during the fiscal year ended June 30, 1994. Those items with an acquisition cost ofSl,000.00 or greater will be reflected as received in the General Fixed Assets Account Group in the accompanying financial statements. However, revenues and expenditures for these lottery proceeds are not reflected in these financial statements.
The Georgia State Financing and Investment Commission (GSFIC), a unit of State government, is responsible for the issuance of state debt and for the investment and accounting for proceeds derived from the issuance of state debt. In addition, GSFIC is authorized to acquire and construct projects for the benefit of units of State government or to contract with units of State government for the construction or acquisition of capital outlay projects. During the fiscal year ended June 30, 1994, the Georgia State Financing and Investment Commission paid $441,679.16 to various vendors for approved projects related to Lanier Technical Institute.
NOTE9: CONTINGENCIES
Amounts received or receivable from grantor agencies are subject to audit and adjustment by grantor agencies. This could result in refunds to the grantor agency for any expenditures which are disallowed under grant terms. The amount of expenditures which may be disallowed by the grantor cannot be determined at this time although the Institute expects such amounts, if any, to be immaterial to its overall financial position.
- 16 -

LANIER TECHNICAL INSTITUTE
NOTES TO THE FINANCIAL STATEMENTS JUNE 30, 1994

EXIDBIT "F"

NOTE9: CONTINGENCIES
Litigation, claims and assessments filed against Lanier Technical Institute (as a unit of the Department of Technical and Adult Education), if any, are generally considered to be actions against the State of Georgia. Pursuant to the Official Code of Georgia Annotated, the Department of Administrative Services maintains a program of purchased insurance and self-insurance which provides coverage for such litigation, claims and assessments. 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, 1994.
NOTE 10: BONDING INFORMATION
The President and all employees ofLanier Technical Institute are bonded under a Public Employees Blanket Bond written by the Employers Insurance ofWausau, their Bond No.1450-00-110723, on which the premium has been paid to October 1, 1994. Under this agreement, the public employee dishonesty coverage insures Lanier Technical Institute to a maximum of $1,000,000.00 against loss sustained through fraudulent or dishonest acts by its employees. The faithful performance of duty coverage insures the Institute to a maximum of $100,000.00 against loss sustained from failure of its employees to perform faithfully their duties or to account properly for all monies and property received by virtue of their position or employment.
All employees ofLanier Technical Institute are also bonded under a Commercial Crime Policy written by the United States Fire Insurance Company, their Policy No. 626 011675 2, on which the premium has been paid to October 1, 1994. Under this additional public employee dishonesty coverage, the policy insures the Institute to a maximum of$4,000,000.00 against loss sustained through fraudulent or dishonest acts by its employees.

- 17 -

SUPPLEMENTARY INFORMATION - 19 -

LANIER TECHNICAL INSTITUTE
COMBINING BALANCE SHEET (STATUTORY BASISl
BUDGET FUND JUNE 30, 1994

EXHIBIT "6"

ASSETS Cash and Cash Equivalents Accounts Receivable
State Funds Federal Financial Assistance Other
Total Assets

"A" DEPARTMENT OF
TECHNICAL AND ADULT EDUCATION

"B" LOTTERY FOR EDUCATION

TOTAL

$ 124,297.71

$ 124,297.71

$ 167,232.46 $ 81,975.00 $ 249,207.46

89,D54.37

89,054.37

35,955.55

35,955.55

------------- ------------- -------------

$ 292,242.38 $ 81,975.00 $ 374,217.38
------------- ------------- -------------

$ 416,540.09$ 81,975.00$ 498,515.09

LIABILITIES AND FUND EQUITY
Liabilities Cash Overdraft Accounts Payable Salaries Payable Payroll Withholdings Deferred Revenue Tuition and Fees
Total Liabilities
Fund Equity Fund Balance Reserved Live Work Projects Prior Year Local Funds Unreserved Designated Surplus Regular Lottery for Education
Total Fund Equity
Total Liabilities and Fund Equity

$ $ 166,913.13
141,677.38 21,327.57
26,684.00
-------------
$ 356,602.08$

7,559.01 $ 74,415.99

7,559.01 241,329.12 141,677.38 21,327.57
26,684.DO

81,975.00$ 438,577.08

$ 12,680.84 47,190.31

$ 12,680.84 47,190.31

66.86

66.86

$

0.00

0.00

------------- ------------- -------------

$ 59,938.01 $

0.00 $ 59,938.01

------------- ------------- -------------

$ 416,540.09 $ 81,975.00$ 498,515.09
zcc

See accompanying notes and Independent Accountant's Combined Report on Review of Financial Statements and Supplementary Information.
- 20 -

LANIER TECHNICAL INSTITUTE COMBINING STATEMENT OF CHANGES IN FUND BALANCE (STATUTORY BASIS)
BUDGET FUND YEAR ENDED JUNE 30, 1994

EXHIBIT "H"

FUND BALANCE - JULY 1
---------------------
Reserved Unreserved
Designated Surplus
ADDITIONS
---------
Adjustments to Prior Year's Accounts Payable
Excess of Funds Available over Expenditures Exhibit "I"
DEDUCTIONS
----------
Unreserved Fund Balance (Surplus) Returned to Georgia Department of Technical and
- Adult Education Administrative Central Office Year Ended June 30, 1993 Reserved Fund Balance Carried Over from Prior Year as Funds Available
FUND BALANCE - JUNE 30
----------------------
(To Exhibit "G")

"A"
DEPARTMENT OF TECHNICAL AND ADULT EDUCATION
-------------

"B"
LOTTERY FDR EDUCATION
-----------

TOTAL

$ 5B,117.42

$ 58,117.42

577.48 $

0.00

577.48

------------- ------------- -------------

$ 58,694.90 $

0.00 $ 58,694.90

------------- ------------- -------------

$

75.65

$

75.65

59,862.36 $

0.00

59,862.36

------------- ------------- -------------

$ 59,938.01 $

0.00 $ 59,938.01

------------- ------------- -------------

$

577.48 $

0.00 $

577.48

58,117.42

58,117.42

------------- ------------- -------------

$ 58,694.90 $

0.00 $ 58,694.90

------------- ------------- -------------

$ 59,938.01 $

0.00 $ 59,938.01

-------a: --=-=-= c:a::a:aa

See accompanying notes and Independent Accountant's Combined Report on Review of Financial Statements and Supplementary Information.
- 21 -

LANIER TECHNICAL INSTITUTE COMBINING STATEMENT OF FUNDS AVAILABLE AND EXPENDITURES
BUDGET FUND
YEAR ENDED JUNE 30. 1994

EXHIBIT "I" Page 1

"A" DEPARTMENT OF
TECHNICAL AND ADULT EDUCATION

"B" LOTTERY FOR EDUCATION

TOTAL

FUNDS AVAILABLE

REVENUES

STATE FUNDS Allotment from Georgia Department of Technical and Adult Education - Administrative Central Office

$ 3,756,725.07 $ 81,975.00$ 3,838,700.07

FEDERAL REVENUES

$ 660,290.72

$ 660,290.72

OTHER REVENUES RETAINED Contract Georgia Department of Human Resources PEACH Project Georgia Institute of Technology Satellite Technology Program Donations Fees Application Registration/Continuing Education Testing Other Reimbursements From Various Sources Sales and Services (Net) Tuition Total Other Revenues Retained Total Revenues
CARRY-OVER FROM PRIOR YEAR

$ 35,489.55

$ 35,489.55

2,783.78 36,930.64

2,783.78 36,930.64

22,675.00 154,266.89
25,240.00 16,557.00

22,675.00 154,266.89
25,240.00 16,557.00

112,721.22 64,764.17
443,681.50
-------------

112,721.22 64,764.17
---4--4-3-,6--8-1-.-5-0

$----9-1-5-,-1-0-9-.-7-5

$ ----9-1-5-,-1-0-9-.-7-5

$ 5,332,125.54$ 81,975.00 $ 5,414,100.54
------------- ------------- -------------

Transfer from Reserved Fund Balance Live Work Projects Prior Year Local Funds Total Carry-Over from Prior Year

$

6,319.39

51,798.03

-------------

$-----5-8-,-1-1-7-.4--2

$

6,319.39

51,798.03

-------------

$-----5-8-,-1-1-7-.4--2

Total Funds Available

$5,390,242.96$ 81,975.00$ 5,472,217.96

EXPENDITURES PERSONAL SERVICES-INSTITUTIONS
Salaries and Wages Employer's Contributions for:
F.I.C.A. Retirement Health Insurance Liability Insurance Unemplorment Compensation Insurance Workers Compensation Insurance

$ 2,811,698.79
41,095.42 291,820.53 310,340.41
10,795.00 4,844.00
-----1-5-,-2-1-9-.-0-0 $-3--,4-8--5-,8--1-3-.1--5

$ 2,811,698.79
41,095.42 291,820.53 310,340.41
10,795.00 4,844.00
-----1-5-,-2-1-9-.-0-0 $--3-,4-8--5-,8--1-3-.1--5

See accompanying notes and Independent Accountant's Combined Report on Review of Financial Statements and Supplementary Information.
- 22 -

LANIER TECHNICAL INSTITUTE COMBINING STATEMENT OF FUNDS AVAILABLE AND EXPENDITURES
BUDGET FUND YEAR ENDED JUNE 30. 1994

EXHIBIT "I" Page 2

"A"
DEPARTMENT OF TECHNICAL AND ADULT EDUCATION

"B" LOTTERY FOR EDUCATION

TOTAL

EXPENDITURES

OPERATING EXPENSES-INSTITUTIONS

Other Costs Motor Vehicle Expenses Supplies and Materials Repairs and Maintenance Utllities Insurance and Bonding Other Operating Expenses Publications and Printing
Travel Motor Vehicle Purchases Equipment
Equipment Purchases Rental of Equipment Computer Charges Other Costs
Supplies and Materials Repairs and Maintenance Software Equipment Equipment Purchases Lease/Purchase of Equipment Per Diem, Fees and Contracts Contracts Telecommunications Per Diem, Fees and Contracts Per Diem and Fees Contracts
Q--U-IC-K---ST-A-R-T---PR-O-G-R-A-M-
Personal Services Salaries and Wages Emrloyer's Contribution for: . I .C.A.
Other Costs Supplies and Materials Repairs and Maintenance Utilities Insurance and Bonding Other O~erating Expenses Publica ions and Printing
Travel Equipment
Equipment Purchases Rental of Equipment Com~uter Charges 0 her Costs
Supplies and Materials Telecommunications Per Diem, Fees and Contracts
Per Diem and Fees
ADULT LITERACY GRANTS

$ 10,847.99 247,238.15 66,528.43 149,365.64 3,295.00 82,012.41 24,440.40 40,379.75 38,957.14 76,414.97 15,384.13
8,273.00 4,678.45 16,619.60 49,043.79 38,051.81
548.84 36,782.93 64,476.46
-----3-3-,0--5-4-.8--8 $-1-,-0-0-6-,-3-9-3--.7-7-
$ 14,305.00 207.45
11,283.04 13,813.73 13,788.38
516.00 719.00 1,289.51 4,347.94 825.00 9,684.90
22.70 9,396.23
-----4-3-,0--4-6-.2--9 $----1-2-3-,-2-4-5-.-1-7

Personal Services Salaries and Wages Employer's Contributions for: F. I. C.A. Retirement Health Insurance Liability Insurance

$ 462,337.57 6,638.83
20,282.76 21,577.37
508.00

See accompanying notes and Independent Accountant's Combined Report on Review of Financial Statements and Supplementary Information.
- 23 -

$ 10,847.99 247,238.15 66,528.43 149,365.64 3,295.00 82,012.41 24,440.40 40,379.75 38,957.14 76,414.97 15,384.13
8,273.00 4,678.45 16,619.60 49,043.79 38,051.81
548.84 36,782.93 64,476.46
-----3-3-,0--5-4-.-8-8
$1,006,393.77
-------------
$ 14,305.00 207.45
11,283.04 13,813.73 13,788.38
516.00 719.00 1,289.51 4,347.94 825.00 9,684.90
22.70 9,396.23
-----4-3-,0--4-6-.2--9 $----1-2-3-,-2-4-5-.-1-7
$ 462,337.57 6,638.83
20,282.76 21,577.37
508.00

LANIER TECHNICAL INSTITUTE COMBINING STATEMENT OF FUNDS AVAILABLE AND EXPENDITURES
BUDGET FUND YEAR ENDED JUNE 30, 1994

EXHIBIT "I" Page 3

EXPENDITURES ADULT LITERACY GRANTS
Personal Services Employer's Contributions for: Unemplo.yment Compensation Insurance Workers Compensation Insurance
Other Costs Supplies and Materials Re~airs and Maintenance Utilities Insurance and Bonding Other Operating Expenses Publications and Printing
Travel Equipment
Equipment Purchases Rental of Equipment Computer Charges Software Equipment
Eguipment Purchases Real Estate Rentals Telecommunications Per Diem, Fees and Contracts
Per Diem and Fees
JOB TRAINING PARTNERSHIP ACT Personal Services Salaries and Wages Employer's Contribution for: F.I.C.A. Other Costs Other Operating Expenses
EQUIPMENT - STATE SCHOOLS Equipment Equipment Purchases Total Expenditures
Excess of Funds Available over Expenditures

"A"
DEPARTMENT OF TECHNICAL AND ADULT EDUCATION

"8" LOTTERY FOR
EDUCATION

TOTAL

$

256.00

396.00

33,788.12 4,526.13 4,682.92 74.00 7,698.30 490.00 13,460.61

15,402.84 315.00

14,527.60

46,457.17 24,342.00 6,135.18

318.90
-------------

$----6-8-4-,-2-1-5-.-3-0

$

256.00

396.00

33,788.12 4,526.13 4,682.92 74.00 7,698.30 490.00 13,460.61

15,402.84 315.00

14,527.60

46,457.17 24,342.00 6,135.18

318.90
-------------

$----6-8-4-,-2-1-5-.3--0

$ 28,168.50 408.45
------2-,1--3-6-.2--6 $-----3-0-,7--1-3-.2-1-

$ 28,168.50 408.45
------2-,1--3-6-.2--6 $-----3-0-,7--1-3-.2-1-

$
$ 5,330,380.60 $ 59,862.36

81,975.00 $ 81,975.00

81,975.00$ 5,412,355.60

0.00

59,862.36

$5,390,242.96$ 81,975.00$ 5,472,217.96

See accompanying notes and Independent Accountant's Combined Report on Review of Financial Statements and Supplementary Information.
- 24 -

LANIER TECHNICAL INSTITUTE COMBINING STATEMENT OF CHANGES IN ASSETS AND LIABILITIES
FIDUCIARY FUND TYPE - AGENCY FUNDS
YEAR ENDED JUNE 30. 1994

EXHIBIT "J"

FUND
Activities Account - School Concession Fund HOPE Program Lanier Tech Business Club Pell Grant Program Student Activities Fund

ASSETS/
LIABILITIES JULY l, 1993
------------

ADDITIONS
---------

DELETIONS
---------

ASSETS/
LIABILITIES
JUNE 30, 1994
-------------

$

58.03 $

4,115.00 $

4,063.45 $

109.58

1,027.27

6,471.26

4,928.29

2,570.24

0.00

203,904.00

203,904.00

0.00

31. 21

5,563.92

5,308.64

286.49

0.00

281,476.00

281,476.00

0.00

8,581.48

42,956.95

37,422.79

14,115.64

------------- ------------- ------------- -------------

$ 9,697.99 $ 544,487.13 $ 537,103.17 $ 17,081.95

See acc0111panying notes and Independent Accountant's Combined Report on Review of Financial Statements and Supplementary Information.
- 25 -

NONINTEREST BEARING ACCOUNTS
First National Bank, Gainesville, Georgia OTHER
Petty Cash

LANIER TECHNICAL INSTITUTE
CASH AND CASH EQUIVALENTS JUNE 30, 1994

SCHEDULE "1"
$ 132,993.25 620.00
$ 133,613.25
============

See accompanying notes and Independent Accountant's Combined Report on Review of Financial Statements and Supplementary Information.
- 26 -

LANIER TECHNICAL INSTITUTE SCHEDULE OF FEDERAL REVENUES
YEAR ENDED JUNE 30, 1994

BUDGET FUND
Defense, U. S. Department of Other Financial Assistance Tuition Assistance Direct
Education, U. S. Department of Adult Education - State Administered Basic Grant Program Through Georgia Department of Technical and Adult Education - Administrative Central Office
Vocational Education - Basic Grants to States Through Georgia Department of Technical and Adult Education - Administrative Central Office
Rehabilitation Services - Basic Support Through Georgia Department of Human Resources
Energy, U. S. Department of State Energy Conservation Stripper Well Oil Violation Funds Through Georgia Department of Technical and Adult Education - Administrative Central Office
Health and Human Services, U.S. Department of Job Opportunities and Basic Skills Training Through Georgia Department of Human Resources Various Offices of Department of Family and Children Services
State Legalization Impact Assistance Grants Through Georgia Department of Technical and Adult Education - Administrative Central Office
Independent Living Through Georgia Department of Human Resources
Labor, U. S. Department of Job Training Partnership Act Through Florida Governors Council Through Georgia Department of Technical and Adult Education - Administrative Central Office Through Georgia Mountain Regional Development Center Through Northeast Georgia Regional Development Center
Veterans Affairs, U.S. Department of Vocational Rehabilitation for Disabled Veterans Direct

CFDA NUMBER
N/A
84.002
84.048 84 .126
81.041
93.561 93.565 93.674
17.250 17.250 17.250 17.250 64.116

SCHEDULE "2"

AMOUNT

$

323.00

244,635.36

210,796.73 2,913.00

18,312.55
57,904.02 66,689.60
806.00
2,322.00 30,713.21 20,157.25
901. 00 3,817.00
$ 660,290.72

See accompanying notes and Independent Accountant's Combined Report on Review of Financial Statements and Supplementary Information.
- 27 -

LANIER TECHNICAL INSTITUTE RECONCILIATION OF SALARIES AND WAGES, AND TRAVEL
YEAR ENDED JUNE 30, 1994

SCHEDULE "3"

Totals per Annual Supplement Accruals June 30, 1994 June 30, 1993
Totals per Report
SUMMARY BY OBJECT CLASS
BUDGET FUND Personal Services-Institutions Operating Expenses-Institutions Quick Start Program Adult Literacy Grants Job Training Partnership Act

SALARIES AND WAGES
---------
$ 3,266,519.68 $

TRAVEL 58,283.54

141,677.38

-91,687.20

-95.24

------------- -------------

$ 3,316,509.86 $ 58,188.30
============= =---------==-

$ 2,811,698.79 $
14,305.00 462,337.57 28,168.50

40,379.75 4,347.94 13,460.61

$ 3,316,509.86 $ 58,188.30

See accompanying notes and Independent Accountant's Combined Report on Review of Financial Statements and Supplementary Information.
- 28 -

SECTION II FINDINGS AND IMPROPER OR QUESTIONED COSTS

LANIER TECHNICAL INSTITUTE
SCHEDULE OF FINDINGS AND IMPROPER OR QUESTIONED COSTS
YEAR ENDED JUNE 30, 1994

STATUS OF PRIOR YEAR FINDINGS AND IMPROPER OR QUESTIONED COSTS

The status ofthe finding disclosed in the review report for the year ended June 30, 1993, is indicated below:

Audit Control Number

Status ofFinding

834-93-01

Corrective Action Implemented