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MANAGEMENT REPORT WALKER TECHNICAL INSTITUTE
ROCK SPRING, 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

WALKER 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 RECONCILIAnON 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
September 23, 1998

Honorable Zell Miller, 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 Ray Brooks, President Walker Technical Institute
Ladies and Gentlemen:
As part of our audit of the statutory basis [mandal 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 ofand for the year ended June 30, 1998, we have performed certain audit procedures at Walker Technical Institute. Accordingly, the [mancial statements and compliance activities of Walker 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 Walker 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 Walker Technical Institute. However, this report is a matter of public record and its distribution is not limited.
Respectfully submitted,

CLV:jb

Claude L. Vickers State Auditor

SELECTED FINANCIAL INFORMAnON

WALKER TECHNICAL INSTITUTE ANALYSIS OF CHANGES IN FUND BALANCE
BUDGET FUND YEAR ENDED JUNE 30, 1998

EXHIBIT "A"

FUND BALANCE - JULY 1
Reserved Surplus
ADDITIONS
Adjustments to Prior Year's Accounts Payable Excess of Funds Available over Expenditures
Exhibit "B"
DEDUCTIONS
Unreserved Fund Balance (Surplus) Returned to Georgia Department of Technical and Adult Education - Administrative Central Office Year Ended June 30, 1997
Adjustments to Prior Year's Accounts Receivable Refunds to Grantors
Georgia Department of Technical and Adult Education - Administrative Central Office Federal Financial Assistance
Walker County Department of Family Children Services Job Opportunities and Basic Skills Training State Grants and Contracts
Reserved Fund Balance Carried Over from Prior Year as Funds Available

"All
DEPARTMENT OF TECHNICAL AND ADULT EDUCATION

"8" LOTIERYFOR
EDUCATION

TOTAL

$

4,971.80

4,851.46 $

$

9,823,26 $

$ 0,00
0.00 $

4,971,80 4,851.46
9,823,26

$

1,725,00 $

9,122,68

$

10,847.68 $

74,93 $ 74,93 $

1,799.93 9,122,68 10,922,61

$

4,851.46 $

66.79

130,36

40.69 29,84

4,770,91

$

9,890,05 $

0.00 $

4,851.46 66,79

0,00 $

130,36
40,69 29,84 4,770,91 9,890.05

FUND BALANCE - JUNE 30

$

10,780,89 $

74,93 $ =~1O;;o,8~5;,;;;5;,;;,8~2

SUMMARY OF FUND BALANCE
Reserved Federal Financial Assistance Live Work Projects State Grants and Contracts
Surplus

$

51.83

$

51,83

7,153,54

7,153.54

1,397.12

1,397,12

2,178.40 $

....:,7....:,4:..::;,9=-3

2,253,33

$

10,780,89 $

74.93 $ ====1=0,=85=5=,8=:2

- 1-

WALKER 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)

$ 3,699,625.00 $ 3,699,625.00 $

960,882.00

874,362.76

1,548,450.00

1,301 ,462.85

$ 6,208,957.00 $ 5,875,450.61 $

0.00 -86,519.24 -246,987.15
-333,506.39

0.00

4,770.91

4,770.91

EXPENDITURES
Personal Services-I nstitutions Operating Expenses-Institutions Adult Literacy Grants Job Training Partnership Act

$ 6,208,957.00 $ 5,880,221.52 $ - - - --32-8',7-35-.4-8

$ 3,795,020.00 $ 3,885,612.38 $

1,372,320.00

1,209,841.72

500,042.00

470,684.49

541,575.00

304,960.25

-90,592.38 162,478.28
29,357.51 236,614.75

$ 6,208,957.00 $ 5,871,098.84 $

3_37-,-,8_5_8._16_

Excess of Funds Available over Expenditures

$

9,122.68 $ ====9=,1=:22:=.=68=

-2-

WALKER 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

VARIANCE FAVpRABLE (UNFAVORABLE)

$

73,424.00 $

73,424.00 $

--=0.:.:.0:..:...0

EXPENDITURES Equipment-Technical Institutes

$

73,424.00 $

73,424.00 $

---:;O..:...:.O~O

Excess of Funds Available over Expenditures

$

0.00 $======0':;,00=

-3-

WALKER 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

TRAVEL

$ 3,620,708.83 $

61,010.99

36,722.25 -47,054.25

$ 3,610,376.83 $ =====6,.;,,1,=01=0=.9==9

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