L:':'f\ AKue J{( vb L L'6 I~CJ1J~<6 MANAGEMENT REPORT LANIER TECHNICAL INSTITUTE OAKWOOD, 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 LANIER TECHNICAL INSTITUTE MANAGEMENT REPORT - TABLE OF CONTENTS - LETTER OF TRANSMITTAL SELECTED FINANCIAL INFORMATION EXHIBITS A ANALYSIS OF CHANGES IN FUND BALANCE BUDGET FUND 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 October 26, 1998 Honorable Zell Miller, Governor Members of the General Assembly of Georgia Members ofthe State Board of Technical and Adult Education Members of the Local Board of Directors and Honorable Joe E. Hill, President Lanier 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 of and for the year ended June 30, 1998, we have performed certain audit procedures at Lanier Technical Institute. Accordingly, the financial statements and compliance activities of Lanier 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 of Lanier 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 Lanier Technical Institute. However, this report is a matter of public record and its distribution is not limited. Respectfully submitted, t:f'~~ Claude L. Vickers State Auditor CLV:jb SELECTED FINANCIAL INFORMAnON <:... LANIER TECHNICAL INSTITUTE ANALYSIS OF CHANGES IN FUND BALANCE BUDGET FUND YEAR ENDED JUNE 30.1998 EXHIBIT "A" FUND BALANCE - JUNE 30.1998 $ 46,771.42 $ 639.00 $ 47,410.42 ".. SUMMARY OF FUND BALANCE Reserved Federal Financial Assistance For Refund to Georgia Department of Technical and Adult Education - Administrative Central Office For Expired Grant Balances Live Work Projects Prior Year Local Funds Surplus $ 3,143.69 $ 3,143.69 331.95 9,842.43 32,526.76 926.59 $ 639.00 331.95 9,842.43 32,526.76 1,565.59 $ 46,771.42 $ 639.00 $ ==4=7:!::,4=1=0.=42= - 1- LANIER 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 VARIANCE FAVORABLE (UNFAVORABLE) $ 5,833,496.00 $ 5,833,483.35 $ 673,151.00 616,765.02 1,830,996.00 1,660,697.28 $ 8,337,643.00 $ 8,110,945.65 $ -12.65 -56,385.98 -170,298.72 -226,697.35 40,000.00 53,869.27 13,869.27 EXPENDITURES Personal Services-I nstitutions Operating Expenses-Institutions Quick Start Program Adult Literacy Grants $ 8,377,643.00 $ 8,164,814.92 $ - - - --2-1=2,82-8-.08- $ 5,349,601.00 $ 5,320,201.01 $ 1,945,419.00 1,780,348.29 80,500.00 80,487.35 1,002,123.00 928,966.01 29,399.99 165,070.71 12.65 73,156.99 $ 8,377,643.00 $ 8,110,002.66 $ 2_67.....:.,6_4_0_.3_4 Excess of Funds Available over Expenditures $ 54,812.26 $====5::::4=,8=12=.=26= -2- LANIER 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) $ 152,100.00 $ 152,100.00 $- - - - -0.- 00 EXPENDITURES Equipment-Technical Institutes $ 152,100.00 $ 151,517.77 $ 5_8_2._23_ Excess of Funds Available over Expenditures $ 582.23 $ ====5=:8=:2=.2:=3 ' t.. -3- LANIER TECHNICAL INSTITUTE RECONCILIATION OF SALARIES AND TRAVEL YEAR ENDED JUNE 30, 1998 EXHIBIT"D" Totals per Annual Supplement Accruals June 30, 1998 June 30, 1997 SALARIES $ 4,970,483.31 $ TRAVEL 90,319.02 109,157.12 -83,695.15 $ 4,995,945.28 $=====9:::::::0,!::::31==:9:=oO:=2 "-.. -4-