STATE OF GEORGIA DEPARTMENT OF AUDITS AND ACCOUNTS GA A ~oo. b Rl .,::c:::'c'" w(o 7 \999-2000 MANAGEMENT REPORT STATE BOARD OF WORKERS' COMPENSATION AN ORGANIZATIONAL UNIT OF THE STATE OF GEORGIA YEAR ENDED JUNE 30, 2000 Russell W. Hinton State Auditor STATE BOARD OF WORKERS' COMPENSATION MANAGEMENT REPORT -TABLE OF CONTENTS- Page LETTER OF TRANSMITTAL SELECTED FINANCIAL INFORMATION EXHIBITS A ANALYSIS OF CHANGES lN FUND BALANCE BUDGET FUND 1 B SCHEDULE OF FUNDS AVAILABLE AND EXPENDITURES COMPARED TO BUDGET BUDGET FUND 2 lussELL W. HINTON STATE AUDITOR (404) 656-2174 DEPARTMENT OF AUDITS AND ACCOUNTS 254 Washington Street, S.W., Suite 214 Atlanta, Georgia 30334-8400 December 13, 2000 Honorable Roy E. Barnes, Governor Members of the General Assembly of Georgia and Members of the State Board of Workers' Compensation Ladies and Gentlemen: As part ofour audit ofthe statutory basis financial statements ofthe State ofGeorgia presented in the State ofGeorgia Report ofthe State Auditor, the general purpose financial statements ofthe 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 of and for the year ended June 30, 2000, we have performed certain audit procedures at the State Board ofWorkers' Compensation. Accordingly, the financial statements and compliance activities ofthe State Board of Workers' Compensation were examined to the extent considered necessary in order to express an opinion as to the fair presentation ofthe 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 the State Board of Workers' Compensation as of and for the year ended June 30, 2000. The particular information provided is enumerated in the Table of Contents. This report is intended solely for the information and use of management of the State Board of Workers' Compensation and members ofthe Board and is not intended to be and should not be used by anyone other than these specified parties. Respectfully submitted, ~. QQ_l0-~ ~sell W. Hinton State Auditor RWH:jb SELECTED FINANCIAL INFORMATION STATE BOARD OF WORKERS' COMPENSATION ANALYSIS OF CHANGES IN FUND BALANCE BUDGET FUND YEAR ENDED JUNE 30, 2000 EXHIBIT "A" FUND BALANCE - JULY 1, 1999 Surplus ADDITIONS Adjustments to Prior Year's Accounts Payable Excess of Funds Available over Expenditures Exhibit "B" DEDUCTIONS Unreserved Fund Balance (Surplus) Returned to Office of Treasury and Fiscal Services Year Ended June 30, 1999 FUND BALANCE - JUNE 30, 2000 SUMMARY OF FUND BALANCE Surplus $ 258,140.04 $ 921.40 150,301.75 $ 151,223.15 $ 258,140.04 $ ====15;;,,;1::5,2..2.=3=15= $ ====15==1=,2=2=3.=15== -1- STATE BOARD OF WORKERS' COMPENSATION SCHEDULE OF FUNDS AVAILABLE AND EXPENDITURES COMPARED TO BUDGET BUDGET FUND YEAR ENDED JUNE 30, 2000 EXHIBIT"B" FUNDS AVAILABLE REVENUES State Appropriation Other Revenues Retained BUDGET ACTUAL VARIANCEFAVORABLE (UNFAVORABLE) $ 11,615,616.00 $ 11,615,616.00 $ 428,405.00 446,062.60 0.00 17,657.60 EXPENDITURES Personal Services Regular Operating Expenses Travel Equipment Computer Charges Real Estate Rentals Telecommunications Per Diem, Fees and Contracts Year 2000 Project ---------- $ 12,044,021.00 $ 12,061,678.60 $ 17,657.60 $ 9,380,810.00 $ 9,311,368.59 $ 521,815.00 520,980.73 149,600.00 135,607.90 31,539.00 19,930.57 259,320.00 258,340.06 1,328,575.00 1,328,493.59 241,930.00 206,609.28 100,302.00 100,251.13 30,130.00 29,795.00 69,441.41 834.27 13,992.10 11,608.43 979.94 81.41 35,320.72 50.87 335.00 $ 12,044,021.00 $ 11,911,376.85 $ - - - - -1-32-,6'4-4-.1-5 Excess of Funds Available over Expenditures $ 150,301.75 $ ====15..0.::!:::,3=0=1=7==5 -2-