Management report, North Metro Technical Institute, Acworth, Georgia, an organizational unit of the state of Georgia, year ended June 30, 1999

MANAGEMENT REPORT NORTH METRO TECHNICAL INSTITUTE
ACWORTH, GEORGIA AN ORGANIZATIONAL UNIT OF THE STATE OF GEORGIA
YEAR ENDED JUNE 30, 1999
STATE OF GEORGIA DEPARTMENT OF AUDITS AND ACCOUNTS
254 WASHINGTON STREET
ATLANTA, GEORGIA 30334-8400

NORTH METRO TECHNICAL INSTITUTE MANAGEMENT REPORT - TABLE OF CONTENTS -

LETTER OF TRANSMITTAL

SELECTED FINANCIAL INFORMATION

EXHIBITS

A ANALYSIS OF CHANGES IN FUND BALANCE

BUDGETFUND

1

B SCHEDULEOFFUNDSAVAILABLEANDEXPENDITURES

COMPARED TO BUDGET

BUDGET FUND

"A" DEPARTMENT OF TECHNICAL AND ADULT EDUCATION

2

C RECONCILIATION OF SALARIES AND TR.AVEL

3

w. RUSSELL HINTON
STATE AUDITOR
(404) 656-2174

DEPARTMENT OF AUDITS AND ACCOUNTS
254 Washington Street, S.W., Suite 214 Atlanta, Georgia 30334-8400
September 9, 1999

Honorable Roy E. Barnes, Governor Members ofthe General Assembly of Georgia Members ofthe State Board of Technical and Adult Education Members of the Local Board ofDirectors
and Honorable Kenneth R. Allen, President North Metro Technical Institute
Ladies and Gentlemen:
As part ofour audit of the statutory basis financial statements ofthe State of Georgia presented in the State of Georgia Report ofthe State Auditor, the general purpose financial statements of the State of Georgia presented in the State ofGeorgi.a 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 North Metro Technical Institute. Accordingly, the financial statements and compliance activities ofNorth Metro 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 ofNorth Metro 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 ofDirectors ofNorth Metro Technical Institute and is not intended to be and should not be used by anyone other than these specified parties.
Respectfully submitted,

RWH:gp

Russell W. Hinton State Auditor

SELECTED FINANCIAL INFORMATION

NORTH METRO TECHNICAL INSTITUTE ANALYSIS OF CHANGES IN FUND BALANCE
BUDGET FUND YEAR ENDED JUNE 30, 1999

EXHIBIT"A"

FUND BALANCE - JULY 1, 1998
Reserved Surplus
ADDITIONS
Adjustments to Prior Year's Accounts Payable Excess of Funds Available over Expenditures
Exhibit"B" Prior Year's Checks Voided Reimbursement of Prior Year's Expenditures
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 Granters
Georgia Department of Technical and Adult Education - Administrative Central Office Federal Financial Assistance State Grants and Contracts
Bartow County Department of Family and Children Services Job Opportunities and Basic Skills Grant Federal Financial Assistance
Coosa Valley Regional Development Center Job Training Partnership Act Federal Financial Assistance
Reserved Fund Balance Carried Over from Prior Year as Funds Available
FUND BALANCE - JUNE 30, 1999
SUMMARY OF FUND BALANCE
Reserved Federal Financial Assistance For Refund to Granter Agency Live Work Projects
Surplus

"A" DEPARTMENT OF
TECHNICAL AND ADULT EDUCATION

"8" LOTTERY FOR
EDUCATION

TOTAL

$

24,047.06

21406.03 $

$

261453.09 $

$ 25.00
25.00 $

24,047.06 21431.03
261478.09

$

11,275.69 $

4,631.97 23.50 54.48

$

151985.64 $

0.00 $ 0.00 $

11,275.69
4,631.97 23.50 54.48
151985.64

$

2,406.03 $

7,832.86

11,477.23 3;848.09

213.03

499.82

61672.76

$

321949.82 $

$

91488.91 $

25.00 $

2,431.03 7,832.86

11,477.23 3,848.09

213.03

25.00 $

499.82 61672.76 321974.82

0.00 $

91488.91

$
$ - 1-

94.60

$

4,469.31

41925.00 $ _ _ _......a,.0.'-'-00.a..

94.60 4,469.31 41925.00

9488.91 $

0.00 $ ===91=48=8=.9==1

NORTH METRO TECHNICAL INSTITUTE SCHEDULE OF FUNDS AVAILABLE AND EXPENDITURES
COMPARED TO BUDGET BUDGET FUND
"A" DEPARTMENT OF TECHNICAL AND ADULT EDUCATION YEAR ENDED JUNE 30, 1999

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}

$ 3,422,897.00 $ 3,422,897.00 $

813,338.00

670,923.98

1 !668,882.00

1,402,175.23

$ 5,905,117.00 $ 5,495,996.21 $

0.00 -142,414.02 -266,706.77
-409,120.79

0.00

6!672.76

6,672.76

EXPENDITURES
Personal Services-Institutions Operating Expenses-Institutions Adult Literacy Grants

- - - - - - $ 5,905,117.00 $ 5,502,668.97 $

-402,448.03

$ 4,093,548.00 $ 3,870,949.06 $

1,443,132.00

1,284,822.60

368,437.00

342,265.34

222,598.94 158,309.40
26!171.66

Excess of Funds Available over Expenditures

- - - - - - $ 5,905,117.00 $ 5,498,037.00 $

407,080.00

$

4,631.97 $ =====4=,6=31=.9=7

-2 -

NORTH METRO TECHNICAL INSTITUTE RECONCILIATION OF SALARIES AND TRAVEL
YEAR ENDED JUNE 30.1999

EXHIBIT "C"

Totals per Annual Supplement

Accruals June 30, 1999

Adjustments

Shared Services on Jointly Staffed Personnel

Chattahoochee Technical Institute

Hanson,

Sue

SALARIES
$ 3,363,160.90 $

TRAVEL 32,741.62

67.50

21,492.00
$ 3,384,652.90 $ ===3=2,8=09=.1=2

-3-