University System of Georgia, Atlanta, Georgia, budgetary compliance report for the fiscal year ended June 30, 2010

UNIVERSITY SYSTEM OF
GEORGIA
ATLANTA, GEORGIA
BUDGETARY COMPLIANCE REPORT
FOR THE FISCAL YEAR ENDED
JUNE 30,2010

UNIVERSITY SYSTEM OF GEORGIA - TABLE OF CONTENTS -

SECTION I

COMPLIANCE

INDEPENDENT ACCOUNTANT'S REPORT

EXH IBlTS

A SUMMARY BUDGET COMPARISON AND SURPLUS ANALYSIS REPORT BUDGET FUND

B STATEMENT OF PROGRAM REVENUESAND EXPENDITURES BY FUNDING SOURCE

COMPARED TO BUDGET

BUDGET FUND

4

SECTION II CURRENTYEAR FINDINGS AND QUESTIONED COSTS SCHEDULE OF FINDINGS AND QUESTIONED COSTS

SECTION I COMPLIANCE

Russell W. Hinton
STATE AUDITOR
(404) 656-2174

DEPARTMENOTF AUDITSAND ACCOUNTS
270 Washington Street, S.W., Suite 1-156 Atlanta, Georgia 30334-8400
December 9,2010

Honorable Sonny Perdue, Governor Members of the General Assembly of Georgia Members of the Board of Regents of the University System of Georgia
and Honorable Erroll B. Davis, Jr., Chancellor
INDEPENDENT ACCOUNTANT'S REPORT
Ladies and Gentlemen:
We have examined the University System of Georgia's compliance with the 2010 Appropriations Act, as amended, (Final Budget) and the Constitution of the State of Georgia for fiscal year ended June 30, 2010. Management is responsible for the University System of Georgia's compliance with those requirements which are:
An appropriated budget unit cannot overspend their authorized budgeted amounts at the legal level of budgetary control (funding source within program). This means that the amounts that are reflected in the "actual" and "variance" columns of the appropriated budget unit's budgetary comparison schedule at the legal level of budgetary control (funding source within program) are all positive variances or result in an excess of funds available over expenditures.
The Constitution of the State of Georgia (Article VII, Section IV Paragraph VIII) provides, in part, "...the credit of the State shall not be pledged or loaned to any individual, company, corporation or association." As applied here, this provision of the Constitution of the State of Georgia requires that an appropriated budget unit have available, at the time of entering into a provider agreement, sufficient appropriated funds, not otherwise obligated, to satisfy all potential liabilities to be incurred by the State pursuant to such agreement.
Our responsibility is to express an opinion on the University System of Georgia's compliance with these requirements based on our examination.
Our examination was conducted in accordance with attestation standards established by the American Institute of Certified Public Accountants and, accordingly, includes examining, on a test basis, evidence about the University System of Georgia's compliance with those requirements and performing such other procedures as we considered necessary in the circumstances. We believe that our examination provides a reasonable basis for our opinion. Our examination does not provide a legal determination on the University System of Georgia's compliance with those requirements.

In our opinion, the University System of Georgia complied, in all material respects, with the aforementioned requirements for the fiscal year ended June 30, 2010.
This report is intended solely for the information and use of the Board and management of the University System of Georgia and the State of Georgia, including the Governor and the Georgia General Assembly and is not intended to be and should not be used by anyone other than these specified parties. However, this report is a matter of public record and its distribution is not limited.
Respectfully submitted, 8
~ u s k e lWl . Hinton, CPA, CGFM State Auditor

EXHIBITS

UNIVERSITY SYSTEM OF GEORGIA SUMMARY BUDGET COMPARISON AND SURPLUS ANALYSIS REPORT
BUDGET FUND FOR THE FISCALYEAR ENDED JUNE 30,2010

REVENUES
State Appropr~at~on State General Funds Tobacco Funds
Federal Funds Other Funds
Total Revenues
CARRY-OVER FROM PRIOR YEAR
Transferfrom Reserved Fund Balance
Total Funds Avallabie
EXPENDITURES
Advanced Technology DevelopmentCenter/Economs DevelopmentInstitute Agricultural ExperlmentStation Athens and Tifton Veterlnaiy Laboratories CooperativeExtension Service ForestlyCooperative Ertenslon Forestiy Research Georgia Radiation Therapy Center GeorgiaTech Researchlnstitute Marine Institute Marlne Resources Extension Center Medlcai College of Georgia Hospital and Cllnlcs Paymentsto Georgia Military College Paymentsto Geor@aPubllcTelecommun~cationsComm~ss~on Payments to Georgia Cancer Coalition Publlc Llbrarles Publ~cSerb~ce/SpeclaFl undlng lnltlatlves Regents CentralOff~ce Research Consortium Skidaway lnstltute of Oceanography Teachlng Veterinary Medlclne Experlment Statlon Veterlnary Medlc~neTeachlngHospital
Total Expendltures
Excessof Funds Ava~lableover Expendltures
FUND BALANCEJULY 1
Reserved Unreserved
ADJUSTMENTS
Prior Year Payables/Expendltures Prior Year Rece~vables/RevenueS Mandatoiy Transfers Decrease in Inventories Unreserved Fund Balance (Surplus)Returned
to Office of Treasuty and F~scaSl ervlces Year Ended June 30,2009 Year Ended June 30.2010
Non-MandatolyTransfers Prior Year Reserved Fund BalanceIncluded In Funds Available
FUND BALANCE JUNE 30

BUDGFT

ACTUAL

VARIANCE FAVORABLE (UNFAVORABLE)

UNIVERSITY SYSTEM OF GEORGIA SUMMARY BUDGET COMPARISON AND SURPLUS ANALYSIS REPOR1
BUDGET FUND FOR THE FISCALYEARENDED JUNE 30,2010

SUMMARY OF FUND BALANCE
Reserved Depaltrnent Sales and Services Early Retirement Program lnd~recCt ost Recoveries Technology Fees Capltal Outlay Restricted/Sponsored Funds uncollectible Accounts Receivable Tuitlon Carry-Over Inventories Propew Sale
Total Resewed
Unreserved Surolus
Total Fund Balance

BUDGET

ACTUAL

VARIANCE FAVORABLE (UNFAVORABLE)

(This page left intentionally blank)

UNIVERSITY SYSTEM OF GEORGIA STATEMENTOF PROGRAM RNENUESAND EXPENDITURESBY FUNDINGSOURCE MMPAREDTO BUDGO
BUCGEl FUND YEAR ENDED JUNE 30.2010

Advanced Tachnolog Davalopment Cantar/Economie Development Institute State Appmpriatlon state General Funds other Funds

Original Approproaf8on

r~nal Budge<

CurrentYear RBYB~UBS

Funas ~ v a t ~ a aco~mepared to 6uaget

Prmr Year Carryaver

Total Funds Available

var,ance ~asitive (Negatsel

W l e u l t u n l Experlrnsnt Station State Approp~atlon State General Funds Other Funds
Aulesr mnd Tlfton Veterinary Laboratorlea other Funds
COoperstke Edsnaion SoNion State Appropratlon State General Fundr OthP(Fund$
Forestry Cooporstre Ertonslon State Approprat8on state General runds other Funds
Total Forsstry Coaperar+veExtenston
Foraalry Raaearch State Appropratlon State General Funds Other Fundr
Total Forsstry Renearch
Gaorua RadlaUon Therapy Canter Other Fundr
Georgia Tach Re.e.rch In*utute State Appmpll*lon state General Funds Mher Funds
Total Georee Tech ResearchInstitute
Marine Inatltute state Appr~prlatlo" State General Fundr Other Funds
Marlns Rruoursea Ertsnvlon Center State epproprlabon State General Funds other Fundr
Toral Marine Resources Extension Centel

Expendlturescornpared to Budget

Vananoe

~oslt~ve

Actual

INegaUval

Actual Funds Ava~lable over/lunderi
hpend8tures

~ r l e ~r e r ~ o d Aa~urmenls

nner
Ad~urtmem

Early Remlnlnce of surplur

Prqram Fund
Balances

llanlferf

~rog.ram~ u n o8a1ances

Reserve

Surplus

Total ~und Balance

Msdlcel Collsga olGaores Hospital and Cllnlca State Appropnatlon Stete General Funds

UNIVERSITYSYSTEM OFGEORGIA STATEMENTOF PROGRAM REVENUESAND EXPENDITURESBY FUNDINGSOURCE COMPARED10 BUDGE1
BUCGm FUND YEAR ENDED JUNE 30.2010

On$nal Apprrrprlaton

Final Budget

Current Year Revenues

Funds Available Compared to Budget

Proar Year Carryher

Total Funds Ava~lable

Vanance ~o~ltlve (Negative)

Paymenu t o G s o ~ I M8 I I I U r ~ c o l l * g e Slate A~propr~atlon Stace General Funds

Paymanu t o Gaorgla Publls T o l e c o m m u n l ~ s t l o nC~ommlerrlon State Apprapnatlon State General Funds

Paymonu t o Goorpla Canear CoallUon State Appropnatlan Tobaw~Fund=

Public Ubrarloa State Ap~COOndtlon State GsnBRI Funds Other Fundr

Publlo SswlCs/Sp*CIII Funding I I I K I I I V I I State Approprlatlon State General Fundr TIb*CCO Fundr
Total Pub~cSewlce/SpeclalFundlnglnltlatlver
R e g e m Central Otllsll State Appropnatlon state General Fundr
Rsrssmh Consortium State ApPrOpr~atlOn Stale General Funds 10bscc0 Funds

sh1dawey ~ n e t ~ t udt os csanograohy State Appropnlltlon State General Fundr Fsdaral Funds Ameman Recovery and Relnuestment Act of 2009 Other Federal Stmulus Fundr other Funds
Total sktaaway lnsfitufe d Oceanography
rescnnng Stale Approprlatlon Sface General Funds Federal Funds Ametacan Recovery and Relnvertment Act of 2009 Stablocat~onFundr mhei F ~Funds~ ~ ~ ~ I Other Funds

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vaterinary ~ s d l c l n smpsrlmsnt Ststlon state APPrODnatlon Sfate General Funds
Vstsrlnary Madlclne Taschlng Hoapltsl state Appropnat,on state General Funds Other Funds
Total vetennary Meelolne Teaonnng nosprtsl
Grand Total. - All Program*

UNIVERSINSYSTEM OF GEORGIA STATEMENT OF PROGWM RWENUESliND EXPENDITURES 8 Y FUNDINGSOURCECOMPAREDTOBUDGE1
BUDGEl FUND YEAR ENDED JUNE3O. ZOlO

onenal IlpproPr#dt~On

~lnal Budgel

current Year Revenues

Funds Available Compared to Budpet

~rooryear carryover

TO-I Funds Avalable

variance posn~ve (Negatlvel

EV~LT'EM'E E S T8E'SVV 1 8 SPO'GTB'TT

TZ EVL'LPT Z
TZ EbL LST Z 0 00

$ 000
000 $ 000

I EL EbL'LST'Z
TZ EoL'Nc'L $ 000

S 00 0
W O $000

$ TZ EfL LSTT

I BF Z 9 0 f -

S ST 89F'ZC

S EL T98'CB

S LT 662'60C'C S 6 L V ~ ' T T E ' 1 $ ZB V 9 0 ' 0 8 F ' 6

1 2 EVL'LST'Z

000

Eb 0 6 8

BE 9 V 1 Z S -

LT I G Z ' G M ' Z

B I 9G6'OTE'T

2 8 CWV'L68'8

$OD0

$ 88 2 9 0 ' 1

$ ZL LLb'IE

$ OE P T I O E

$ 000

$ 008V6

S W VZ9'28V

$

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SNWI

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$000

SWO9E

S EV LBL Z

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P

SECTION II CURRENT YEAR FINDINGS AND QUESTIONED COSTS

UNIVERSITY SYSTEM OF GEORGIA SCHEDULE OF FINDINGS AND QUESTIONED COSTS
YEAR ENDED JUNE 30,2010
No matters were reported.