Management report, Thomas Technical Institute, Thomasville, Georgia, an organizational unit of the state of Georgia, year ended June 30, 1998

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MANAGEMENT REPORT THOMAS TECHNICAL INSTITUTE
THOMASVILLE, 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

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THOMAS TECHNICAL INSTITUTE MANAGEMENT REPORT -TABLEOFCONTENTS-

LETTER OF TRANSMITTAL

SECTION I

SELECTED FINANCIAL INFORMATION

EXlllBITS

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

SECTION II AUDITEE'S RESPONSE TO PRIOR YEAR FINDINGS AND QUESTIONED COSTS SUMMARY SCHEDULE OF PRIOR YEAR FINDINGS AND QUESTIONED COSTS

CLAUDE L. VICKERS
STATE AUDITOR (404) 6562174

DEPARTMENT OF AUDITS AND ACCOUNTS
254 Washington Street, S.w., Suite 214 Atlanta, Georgia 30334-8400
November 23, 1998

Governor of the State of Georgia Members of the General Assembly of Georgia Members ofthe State Board of Technical and Adult Education Members ofthe Local Board of Directors
and Honorable Charles R. DeMott, President Thomas Technical Institute

Ladies and Gentlemen:

As part of our audit of the statutory basis financial statements ofthe 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 ofand for the year ended June 30, 1998, we have performed certain audit procedures at Thomas Technical Institute. Accordingly, the fmancial statements and compliance activities of Thomas 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 Thomas 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 Thomas Technical Institute. However, this report

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is a matter of public record and its distribution is not limited.

Respectfully submitted,
~~
Claude L. Vickers State Auditor

CLV:ds

SECTION I SELECTED FINANCIAL INFORMATION

THOMAS TECHNICAL INSTITUTE ANALYSIS OF CHANGES IN FUND BALANCE
BUDGET FUND YEAR ENDED JUNE 30.1998

EXHIBIT "A"

$ - 1-

212,561.37 $

33,350.74 $ 245,912.11

THOMAS 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)

$ 4,788,549,00 $ 4,801,672,35 $

1,186,792,00

850,184,50

1,818,541.00 1,654,324.60

$ 7,793,882.00 $ 7,306,181.45 $

13,123,35 -336,607.50 -164,216.40
-487,700,55

0,00

31,830.35

31,830,35

$ 7,793,882.00 $ 7,338,011.80 $

-4..:.,:5:.:5:.!.:,8:..:.7.::.;,:::.2=..

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

$ 4,674,865.00 $ 4,557,905.95 $

2,349,104.00 1,877,520.22

585,130.00

540,636.42

184,783.00

174,368.77

116,959.05 471,583.78
44,493.58 10,414.23

$ 7,793,882.00 $ 7,150,431.36 $_ _--=-64..:..:3~,4.:.:5~0:.::.64..:..

$ 187,580.44 $.====18;;.;7::::l,;,5~8;;;;,0;";.44,,;,,

-2-

THOMAS TECHNICAL INSTITUTE SCHEDULE OF FUNDS AVAILABLE AND EXPENDITURES
COMPARED TO BUDGET BUDGET FUND
"B" LOTIERY FOR EDUCATION YEAR ENDED JUNE 3D, 1998

EXHIBIT"C"

FUNDS AVAILABLE REVENUES
State Appropriations

BUDGET

ACTUAL

VARIANCEFAVORABLE (UNFAVORABLE)

$ 60,000.00 $ 60,000.00 $

.........:.0;.;;..0..:,.0

EXPENDITURES Equipment-Technical Institutes

$ 60,000.00 $ 55,379.86 $

4.:,:.,6:.:2:. :0. :. . ;.1. .;,.4

Excess of Funds Available over Expenditures

$

4,620.14 $====4:b:,6=2=0..1.4.:i::

"..

- 3-

THOMAS TECHNICAL INSTITUTE RECONCILIATION OF SALARIES AND TRAVEL
YEAR ENDED JUNE 30, 1998

EXHIBIT"D"

Totals per Annual Supplement
Accruals June 30, 1998

SALARIES $ 4,147,805.14 $

TRAVEL 66,983,67

51,440.92

761,86

$ 4,199,246,06 $

67,745,53

-4-

SECTIONll AUDITEE'S RESPONSE TO PRIOR YEAR FINDINGS AND QUESTIONED COSTS
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THOMAS TECHNICAL INSTITUTE AUDITEE'S RESPONSE
SUMMARY SCHEDULE OF PRIOR YEAR FINDINGS AND QUESTIONED COSTS YEAR ENDED JUNE 30, 1998

PRIOR YEAR FINANCIAL STATEMENT FINDINGS AND QUESTIONED COSTS

FINDING CONTROL NUMBER AND STATUS

FS-846-97-01 FS-846-97 -02

Previously Reported Corrective Action Implemented Previously Reported Corrective Action Implemented

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