Management report, Flint River Technical College, Thomaston, Georgia, an organizational unit of the state of Georgia, year ended June 30, 2002

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STAJE OF GEORGIA DEPARTMENT OF AUDITS AND ACCOUNTS
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I MANAGEMENT REPORT

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FLINT RIVER TECHNICAL'COLLEGE

THOMASTON, GEORGIA

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' AN ORGANIZATIONAL UNIT.OF THE STATE OF GEORGIA

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1 YEAR ENDED JUNE 30, 2002

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Russell W. Hinton . State Auditor

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FLINT RIVER TECHNICAL COLLEGE MANAGEMENT REPORT - TABLE OF CONTENTS -

LETTER OF TRANSMITTAL

SELECTED FINANCIAL INFORMATION

EXHIBITS

A ANALYSIS OF CHANGES IN FUND BALANCE

BUDGET FUND

B SCHEDULE OF FUNDS AVAILABLE AND EXPENDITURES

COMPARED TO BUDGET

BUDGET FUND

"A" DEPARTMENT OF TECHNICAL AND ADULT EDUCATION

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C RECONCILIATION OF SALARIES AND TRAVEL

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SELECfED FINANCIAL INFORMATION

R11~'H:.LL W. H1NTON
STATE AUDITOR
('"i 656-217,t

DEPARTMENT OF AUDITS AND ACCOUNTS
~54 WJc;hrngton S1rect S W Suite ~ I4 AtlJnta. Georgia 30334-8400
October I, 2002

Honorable Roy E Barnes, Governor Members of the General Assembly of Georgia Members of the State Board ofTechmcal and Adult Educauon Members of the Local Board of Directors
and Honorable Kathy Love, President Flmt River Technical College
Laches and Gentlemen
As part of our aud!I ofthe statutory basis financial statements ofthe State ofGeorgia presented m the State of Georgia Report of the State Audi/or, the financial statements of the State of Georgia presented m the State of Georgia Comprehensive Annual Financial Report, and the issuance of a Statewide Single Audi/ Report pursuant to the Smgle Audit Act Amendments, as of and for the year ended June 30, 2002, we have performed certain audit procedures at Fhnt River Technical College Accordmgly, the financial statements and comphance ac!Jv11tes of Fhnt River Technical College were exammed to the extent considered necessary m order to express an op1mon as to the fair presentallon of the financial statements contamed in the foregomg documents and to issue reports on comphance and internal control as reqmred by the Smgle Audit Act Amendments of 1996
This Management Report contams information pertinent to the financial and compliance act1\'lt1es of Flmt River Technical College as of and for the year ended June 30, 2002 The particular information provided 1s enumerated m the Table of Contents
This report 1s intended solely for the mformatton and use of management and members of the Local Board ofD1rectors of Flint River Technical College and ts not intended to be and should not be used by anyone other than these specified parties
Respectfully submitted,
Mh:
Hmton State Auditor
RWHgp

FLINT RIVER TECHNICAL COLLEGE ANALYSIS OF CHANGES IN FUND BALANCE
BUDGET FUND YEAR ENDED JUNE 30 2002

EXHIBIT "A"

FUND BALANCE - JULY 1 2001
Reserved Surplus
ADDITIONS
Adjustments to Pnor Year's Contracts and Accounts Payable Excess of Funds Available over Expendrtures
Exh1b1t "B" Pnor Year's Checks Voided
DEDUCTIONS
AdJustments to Pnor Year's Accounts Receivable
Refunds to Grantors Federal Financial Assistance Georgia Department of Technical and Adult Education - Adm1nistrabve Central Office
Reserved Fund Balance earned Over from Pnor Year as Funds Available

"A" DEPARTMENT OF
TECHNICAL AND ADULT EDUCATION

"B" LOTTERY FOR
EDUCATION

s

102,734 98

000 $

000

$

102 734 98 $

0 00

$

-3,788 18 $

41,20012 417 75

$

37 829 69 s

98 31 98 31

$

10,451 98 $

000

2058

40 922 85

s

51 395 41 $

000

FUND BALANCE - JUNE 30, 2002

$

8916926 s~-~-98=3"-1

SUMMARY OF FUND BALANCE Reserved lnventones l.Jve Work Pro1ects
Surplus

$

61,81213

27 357 13

s

89,16926

0 00 $ _ _ _--"98=31.,_

$

8916926 $~~~a9~8=3_1

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FLINT RIVER TECHNICAL COLLEGE SCHEDULE OF FUNDS AVAILABLE AND EXPENDITURES
COMPARED TO BUDGET BUDGET FUND
"A" DEPARTMENT OF TECHNICAL AND ADULT EDUCATION YEAR ENDED JUNE 30. 2002

EXHIBIT"B"

FUNDS AVAILABLE REVENUES
State AppropnatIon Federal Revenues Other Revenues Retained
CARRY-OVER FROM PRIOR YEAR Transfer from Reserved Fund Balance
EXPENDITURES Personal Serv1ces-lnsl1lut1ons Operating Expenses-lnst1tut1ons Adult Literacy Grants Capital Outlay
Excess of Funds Available over Expenditures

BUDGET

ACTUAL

VARIANCEFAVORABLE (UNFAVORABLE)

$ 3,574,386 00 $ 3,570,322 62 $ 1,661,000 61 1,027.487 44 2,021,204 00 2,022,698 69
$ 7,256,590 61 $ 6,620,508 75 $

-4,063 38 -633,513 17
149469
-636,081 86

000

40,922 85

40 922 85

$ 712561590 61 $ 6,661,431 60 S ---'-5'-"9-'-5'"-1-'-59'--'--01"-

$ 4,224,859 80 $ 4,148,915 27 $

2,515,479 36 1,967,380 80

390,265 45

377,949 42

125 986 00

125,985 99

75 944 53 548,098 56
12,316 03 0 01

$ 7,2561590 61 $ 6,620,231 48 $ _ __.c6....c3..c.6~,3..c.59'--13~

$ 41 200 12 $ -=~4::,1.:;2,:::00~12~

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FLINT RIVER TECHNICAL COLLEGE RECONCILIATION OF SALARIES AND TRAVEL
YEAR ENDED JUNE 30. 2002

EXHIBIT c

Totals per Annual Supplement
Accruals June 30, 2001 June 30, 2002
Compensated Absences June 30, 2001 June 30, 2002
Agency Funds

SALARIES

TRAVEL

$ 3,679,241 16 $ 80,553 69

-5,636 11 12,561 54

-157,077 27 208,810 52
-22,153 65

S 3,715,74619 $ 8055369

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