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 
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$ TZ EfL LSTT 
 
I BF Z 9 0 f - 
 
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B I 9G6'OTE'T 
 
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 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.