SAVANNAH TECHNICAL COLLEGE 
- TABLE OF CONTENTS - 
 
SECTION I 
 
FINANCIAL 
 
LETTER OF TRANSMITTAL 
 
SELECTED FINANCIAL INFORMATION 
 
EXHIBITS 
 
A STATEMENT OF NET ASSETS - (GAAP BASIS) 
 
2 
 
B STATEMENT OF REVENUES, EXPENSES AND CHANGES IN NET ASSETS - 
 
(GAAP BASIS) 
 
3 
 
C STATEMENT OF CASH FLOWS - (GAAP BASIS) 
 
D SELECTED FINANCIAL NOTES 
 
SUPPLEMENTARY INFORMATION 
 
SCHEDULES 
 
1 BALANCE SHEET - (STATUTORY BASIS) - BUDGET FUND 
2 BUDGET COMPARISON AND SURPLUS ANALYSIS REPORT (STATUTORY BASIS) BUDGET FUND 
3 RECONCILIATION OF SALARIES AND TRAVEL 4 RECONCILIATION OF PER DIEM AND FEES 
 
SECTION I1 AUDITEE'S RESPONSE TO PRIOR YEAR FINDINGS AND QUESTIONED COSTS SUMMARY SCHEDULE OF PRIOR YEAR FINDINGS AND QUESTIONED COSTS 
 
SECTION I11 FINDINGS AND QUESTIONED COSTS SCHEDULE OF FINDINGS AND QUESTIONED COSTS 
 
 SECTION I FINANCIAL 
 
 Russell W. Hinton 
STATE AUDITOR 
(404) 656-2174 
 
DEPARTMENOTF AUDITSAND ACCOUNTS 
270 Washington Street, S.W., Suite 1-156 Atlanta, Georgia 30334-8400 
October 19,2006 
 
Honorable Sonny Perdue, 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 C. B. Rathburn, President Savannah Technical College 
Ladies and Gentlemen: 
As part of our agreed upon procedures engagement on the statutory basis financial statements ofthe State of Georgia and our audit of the basic financial statements of the State of Georgia presented in the State of Georgia Comprehensive Annual Financial Report, and the issuance of a State of Georgia Single Audit Report pursuant to the Single Audit Act Amendments, as of and for the year ended June 30,2006, we have performed certain audit procedures at Savannah Technical College. Accordingly, the financial statements and compliance activities of Savannah Technical College 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 Savannah Technical College as of and for the year ended June 30,2006. Information contained in this report is a by-product of our engagement that is the representation of management, and accordingly, we do not express an opinion or any other form of assurance on it. The particular information provided is enumerated in the Table of Contents. 
This report is intended solely for the information and use of management of Savannah Technical College, members of the Local Board of Directors, and the appropriate accrediting regulatory agency and is not intended to be and should not be used by anyone other than these specified parties. 
Respectfully submitted, 
 
~ u d e lWl . Hinton, CPA, CGFM State Auditor 
 
 SELECTED FINANCIAL INFORMATION 
 
 SAVANNAH TECHNICAL COLLEGE STATEMENT OF NET ASSETS - (GAAP BASIS) 
JUNE 30.2006 
ASSETS 
Current Assets Cash and Cash Equivalents Accounts Receivable Federal Financial Assistance Other Prepaid Items Inventories 
Total Current Assets 
Noncurrent Assets Capital Assets, Net 
Total Assets 
LIABILITIES 
Current Liabilities Salaries Payable Accounts Payable Deferred Revenue Funds Held for Others Compensated Absences 
Total Current Liabilities 
Noncurrent Liabilities Compensated Absences 
Total Liabilities 
NET ASSETS 
Invested in Capital Assets, Net of Related Debt Unrestricted 
Total Net Assets 
 
EXHIBIT " A 
 
 SAVANNAH TECHNICAL COLLEGE STATEMENT OF REVENUES, EXPENSES AND CHANGES IN NET ASSETS - (GAAP BASIS) 
YEAR ENDED JUNE 30, 2006 
 
EXHIBIT " B 
 
OPERATING REVENUES 
Student Tuition and Fees Less: Scholarship Allowances 
Grants and Contracts Federal 
Rents and Royalties Sales and Services Other Operating Revenues 
Total Operating Revenues 
OPERATING EXPENSES 
Salaries Benefits Travel Scholarships and Fellowships Utilities Supplies and Other Services Depreciation 
Total Operating Expenses 
Operating Income (Loss) 
NONOPERATING REVENUES (EXPENSES) 
State Appropriations Grants and Contracts 
Federal State Gifts Interest and Other Investment Income Other Nonoperating Expenses 
Net Nonoperating Revenues 
Income (Loss) Before Other Revenues, Expenses, Gains, or Losses 
Capital Grants and Gifts Nongovernmental 
Increase (Decrease) in Net Assets 
Net Assets - Beginning of Year 
Net Assets - End of Year