{"response":{"docs":[{"id":"dlg_ggpd_y-ga-ba800-b-pr1-bn64-b2010-h2011","title":"North Georgia College and State University, Dahlonega, Georgia, independent accountant's report on applying agreed-upon procedures for fiscal year ended June 30, 2011","collection_id":"dlg_ggpd","collection_title":"Georgia Government Publications","dcterms_contributor":["Georgia. Department of Audits and Accounts."],"dcterms_spatial":["United States, Georgia, Lumpkin County, Dahlonega, 34.53259, -83.98491"],"dcterms_creator":["Georgia. Department of Audits and Accounts"],"dc_date":["2010/2011"],"dcterms_description":["Fiscal year ended June 30, 2000-","Title from cover.","Title fluctuates: Audits conducted \"in accordance with generally accepted auditing standards\" are issued as: Audit report; reviews that are \"substantially less in scope than an audit in accordance with generally accepted auditing standards\" are issued as: Review or Management report or Independent accountant's report on applying agreed-upon procedures","Year ended June 30, 2006."],"dc_format":["application/pdf"],"dcterms_identifier":null,"dcterms_language":["eng"],"dcterms_publisher":["Atlanta, GA : Georgia. Dept. of Audits and Accounts, 2011"],"dc_relation":null,"dc_right":["http://rightsstatements.org/vocab/InC/1.0/"],"dcterms_is_part_of":null,"dcterms_subject":["North Georgia College \u0026 State University--Appropriations and expenditures","Financial statements--Georgia","Auditors' reports--Georgia"],"dcterms_title":["North Georgia College and State University, Dahlonega, Georgia, independent accountant's report on applying agreed-upon procedures for fiscal year ended June 30, 2011"],"dcterms_type":["Text"],"dcterms_provenance":["University of Georgia. Map and Government Information Library"],"edm_is_shown_by":["https://dlg.galileo.usg.edu/do:dlg_ggpd_y-ga-ba800-b-pr1-bn64-b2010-h2011"],"edm_is_shown_at":["https://dlg.galileo.usg.edu/id:dlg_ggpd_y-ga-ba800-b-pr1-bn64-b2010-h2011"],"dcterms_temporal":null,"dcterms_rights_holder":null,"dcterms_bibliographic_citation":null,"dlg_local_right":null,"dcterms_medium":["state government records"],"dcterms_extent":null,"dlg_subject_personal":null,"iiif_manifest_url_ss":null,"dcterms_subject_fast":null,"fulltext":"NORTH GEORGUT \r\nCOLLEGE AND STATE \r\nUNIVERSITY \r\nDAHLONEGA, GEORGIA \r\nINDEPENDENT ACCOUNTANT'S \r\nREPORT ON APPLYING AGREED- \r\nUPON PROCEDURES FOR FISCAL YEAR ENDED JUNE 30,2011 \r\n \r\n, *bGeorgia \r\n \r\n,,- ~ u L \r\n \r\nhdib and Ak3ounts \r\n \r\nF 4- \r\n \r\nW. I fcmll Hinton \r\n \r\n-..-. . C \r\n \r\n- - \r\n \r\n. -' \r\n \r\n,,. \r\n \r\n4: : \r\n\u003e. *.- \r\n \r\nState Auditor \r\n \r\n.- \r\n \r\n. . \r\n \r\n NORTH GEORGIA COLLEGE AND STATE UNIVERSITY - TABLE OF CONTENTS - \r\n \r\nINDEPENDENT ACCOUNTANT'S REPORT ON APPLYING AGREED-UPON PROCEDURES \r\n \r\nEXHIBITS \r\n \r\nA SUMMARY BUDGET COMPARISON AND SURPLUS ANALYSIS REPORT \r\n \r\n1 \r\n \r\nB STATEMENT OF FUNDS AVAILABLE AND EXPENDITURES COMPARED TO BUDGET \r\n \r\nBY PROGRAM AND FUNDING SOURCE \r\n \r\n2 \r\n \r\nC STATEMENT OF CHANGES TO FUND BALANCE BY PROGRAM AND FUNDING SOURCE \r\n \r\n RUSSELLW. HINTON \r\nSTATE AUDITOR \r\n(4M)168-2174 \r\n \r\nDEPARTMENOTF AUDITSAND ACCOUNTS \r\n270 Washington Street, S.W., Suite 1-156 Atlanta, Georgia 30334-8400 \r\nDecember 9,2011 \r\n \r\nMembers of the State Board of Regents of the University System of Georgia \r\nand Honorable Bonita Jacobs, President North Georgia College and State University \r\nlnde~endenAt ccountant's Report on A D D ~ V ~A~gEreEed-U~onProcedures \r\nLadies and Gentlemen: \r\nWe have performed the procedures enumerated below, which were agreed to by the University and the University System Office (Oversight Unit) of the Board of Regents of the University System of Georgia, solely to assist you in assessing the accuracy of the financial information reported to the University System Office in the University's 2 0 1 1 Annual Financial Report for inclusion in the University System of Georgia's Annual Fi'~ncia1Report, the State of Georgia's Cbmprehensive Annual Financial Report (CIIFR) and Single Audit Repori; and to assist you in assessing the accuracy of the budget basis information provided in the Summaty Budget Comparison and Sutplus AnaIy.st3 Report Statement of Funds Available and Expenditures Compared to Budget By Program and Funding Source, and the Statement of Changes To Fund Balance By P/ogram and Funding Sourcewhich are attached as Exhibits A, B and C, respectively. North Georgia College and State University's management is responsible for the financial information reported to the University System Office in the University's Annual Financial Report. This agreed-upon procedures engagement was conducted in accordance with attestation standards established by the American Institute of Certified Public Accountants. The sufficiency of these procedures is solely the responsibility of the parties specified in this report. Consequently, we make no representation regarding the sufficiency of the procedures described below either for the purpose for which this report has been requested or for any other purpose. \r\nThe procedures and the associated findings are as follows: \r\n1. Review selected balance sheet items reported on the Annual Financial Report (cash, accounts receivable, accounts payable, deferred revenues, net assets). Confirm that these items have adequate supporting documentation and are properly reconciled to the University's general ledger. \r\nWe did not note any exceptions as a result of our procedures. \r\n2. Obtain the University's GAAP basis Statement of Net Assets and Statement of Revenues Expenses and Changes in Net Assets (SRECNA) submitted for inclusion in the State's CAFR and Single Audit. Utilizing test scripts, confirm that financial information presented in these statements properlysupports activity reported in the University's accounting records. \r\nWe did not note any exceptions as a result of our procedures. \r\n \r\n Obtain the University'sStatement of Cash Flows submitted for inclusion in the State's CAFR and Single Audit. Utilizing cash flow worksheets, confirm information reported on Statement of Cash Flows. \r\nWe did not note any exceptions as a result of our procedures. \r\nObtain the University's Notes to the Financial Statements submitted for inclusion in the State's CAFR and Single Audit. Utilizing notes worksheets and other supporting documentation confirm that note disclosures related to Cash, Investments, Accounts Receivable, Capital Assets, LongTerm Debt, Lease Obligationsand Retirement Plans have been properly reported. \r\nWe did not note any exceptions as a result of our procedures. \r\nReview the University's year end GAAP basis journal entries. Obtain documentation for GAAP journal entries and confirm that the entries were posted to the University's Annual Financial Report. \r\nWe did not note any exceptions as a result of our procedures. \r\nConfirm that State Appropriation revenues, receivables and remittances of prior year surplus balances have been properly recorded in the University's financial records. Prior year surplus balances should be netted against State Appropriation revenues in the GAAP basis financial statements; however, prior year surplus balances shouId be reflected as fund balance adjustments on the Budget basis financial statements. \r\nWe did not note any exceptions as a result of our procedures. \r\nObtain listing of write-off requests for accounts receivable less than $3,000.00for fiscal year \r\n2011. Confirm that these write-off requests have been approved by the State Accounting Officer and have been posted to the University's financial statements. \r\nWe did not note any exceptions as a result of our procedures. \r\nVerify that the listing of salaries and travel reported to the Department of Audits is in accordance with O.C.G.A. 50-6-27 and reconciles to amounts recorded in the University's financial statements. \r\nSalaries reported to the Department of Audits were not reconciled with amounts recorded in the financial statements. A variance of $769.55 was noted. \r\nReview year end Budgetary Statements including the Summary Budget Comparison and Surplus Analysis Report (Exhibit A), Statement of Funds Available and Expenditures Cbmpared to Budget By \r\nProgram and Funding Source (Exhibit B) and the Statement of Changes To Fund Balance By \r\nProgram and Funding Source (Exhibit C). Confirm that budget information presented in these statements supports activity reported in the University's accounting records and determine if any budget overexpenditures exist. \r\nWe did not note any exceptions as a result of our procedures. \r\nObtain documentation for Budget basis reserves reported by University on the Summaw Budget Compariison and Surplus Analysis Report (Exhibit A). Confirm that the reserves are properly documented, valid and appropriate. \r\nWe did not note any exceptions as a result of our procedures. \r\n \r\n 11. Review the H.O.P.E. Scholarship Program reconciliation between the University and the Georgia Student Finance Commission. Confirm that information reported to the Georgia Student Finance Commission has been reconciled with H.O.P.E. Scholarship activity reported on the University's financial records. \r\nWe did not note any exceptions as a result of our procedures. \r\n12. Review the Schedule of Expenditures of Federal Awards information submitted by the University for inclusion in the Statewide Single Audit. Confirm that the information is properly presented and supported by the University's accounting records. \r\nWe did not note any exceptions as a result of our procedures. \r\n13. Review capital asset records to ensure that (1)subsidiary ledgers are appropriately reconciled to the ledgers, (2) capitalization thresholds are being properly followed, and (3) a complete annual physical equipment inventory is being conducted and that issues noted during the physical inventory are being properly addressed by management. \r\nWe did not note any exceptions as a result of our procedures. \r\n14. Review bank reconciliations during the year under review to ensure that management is preparing them timely and that reconciling items are being addressed by management timely and in an appropriate manner. \r\nBank Reconciliation items, including errors and/or discrepancies, remain uncorrectedfor extended periodsof time. \r\n15. Review documentation to ensure that all subsidiary modules including BANNER are reconciled to the general ledger at least quarterly in accordance with the Business Procedures Manual Section 10.6.2. and ensure that reconciling items are adequately explained and resolved in a timely manner. \r\nWe did not note any exceptions as a result of our procedures. \r\nThese agreed-upon procedures do not constitute an audit of the financial statements or any part thereof, the objective of which is to express an opinion on the financial statements or a part thereof. Accordingly, we do not express such an opinion. Had we performed additional procedures, other matters might have come to our attention that would have been reported to you. \r\nThis report is intended solely for the information and use of the specified users listed above and is not intended to be and should not be used by anyone other than these specified parties. \r\nRespectfully submitted, \r\n~ u g s e lWl . Hinton, CPA, CGFM State Auditor \r\n \r\n EXHIBITS \r\n \r\n NORTH GEORGIA COLLEGE AND STATE UNIVERSITY SUMMARY BUDGET COMPARISONAND SURPLUS ANALYSIS REPORT \r\nYEAR ENDEDJUNE 3 0 , 2 0 1 1 \r\n \r\nREVENUES \r\nState Appropriation State General Funds \r\nOther Funds \r\nTotal Revenues \r\nADJUSTMENTSAND PROGRAM TRANSFERS \r\nCARRYQVER FROM PRIOR YEARS \r\nTransfers from Reserved Fund Balance \r\nTotal Funds Ava~lable \r\nEXPENDITURES \r\nTeaching \r\nExcess of Funds Available over Expenditures \r\nFUND BALANCE JULY 1 \r\nReserved Unreserved \r\nADJUSTMENTS \r\nPrior Year Payables/Expenditures Prior Year Receivables/Revenues Unreserved Fund Balance (Surplus) Returned \r\nto Board of Regents - Universily System Office \r\nYear Ended June 3 0 , 2 0 1 0 Early Return of Surplus in Current Fiscal Year Prior Year Reserved Fund Balance Included in Funds Available \r\nFUND BALANCEJUNE 3 0 \r\nSUMMARY OF FUND BALANCE \r\nReserved Department Sales and Serv~ces Indirect Cost Recoveries Technology Fees Restr~cted/SponsoredFunds Uncollect~bleAccounts Recelvable Tuition Carry-Over Inventories \r\nTotal Reserved \r\nUnreserved Surplus \r\nTotal Fund Balance \r\n \r\nBUDGET \r\n \r\nACTUAL \r\n \r\nVARIANCE - \r\nFAVORABLE (UNFAVORABLE) \r\n \r\n NORTH GEORGIA COLLEGE AND STATE UNIVERSITY STATEMENT OF FUNDS AVAILABLE AND EXPENDITURES COMPARED TO BUDGET BY PROGRAM AND FUNDING SOURCE \r\nYEAR ENDED JUNE3 0 . 2 0 1 1 \r\n \r\nTeachlng State Appropriation State General Funds Federal Funds American Recoveryand Reinvestment Act Federal Stabilization Funds Other Funds \r\nTotal Teachlng \r\n \r\nOriginal Appraprlabon \r\n \r\nAmended Approprlatlon \r\n \r\nFinal Budget \r\n \r\nCurrent Year Revenues \r\n \r\n Funds Ava~lableCompared to Budget \r\n \r\nPrlor Year \r\n \r\nAdjustments and \r\n \r\nTotal \r\n \r\nCarry-Over \r\n \r\nProgram Transfers Funds Available \r\n \r\nVariance Posittve (Negative) \r\n \r\nExpenditures Compared to Budget \r\n \r\nVariance \r\n \r\nActual \r\n \r\nPosittve (Negat~ve) \r\n \r\nExcess (Deficiency) of Funds Available \r\nOver/(Under) Expenditures \r\n \r\n NORTH GEORGIA COLLEGE AND STATE UNIVERSITY STATEMENT OF CHANGES TO FUND BALANCE BY PROGRAM AND FUNDING SOURCE \r\nYEAR ENDEDJUNE 30.2011 \r\n \r\nTeaching State Appropriation State General Funds Federal Funds American Recoveryand Reinvestment Act Federal Stabilizat~onFunds Other Funds \r\nTotal Teach~ng \r\nPrior Year R ~ s ~ N ~ s Not Available for Expend~ture Inventories Uncollectible Accounts Receivables \r\n \r\nBeginning Fund Balance/(Deficit) \r\nJuly 1 \r\n \r\nFund Balance Carried Over from \r\nPr~oPr er~od as Funds Available \r\n \r\nReturn of F~scaYl ear 2010 \r\nSurplus \r\n \r\nPrior Period Adjustments \r\n \r\nBudget Unit Totals \r\n \r\n Other Adjustments \r\n \r\nEarly Return FiscalYear 2011 \r\nSurplus \r\n \r\nExcess (Deficiency) of Funds Ava~lable \r\nOver/(Under) Expend~tures \r\n \r\nEnd~ngFund Balance/(Deficit) \r\nJune 3 0 \r\n \r\nAnalysis of Ending Fund Balance \r\n \r\nResewed \r\n \r\nSurplus/(Deficit) \r\n \r\nTotal \r\n \r\nSummary of End~ngFund Balance Reserved \r\nDepartment Sales and Services Indirect Cost Recoveries Technology Fees Restricted/Sponsored Funds Uncollect~bleAccounts Receivable T u ~ t ~ oCnarryaver Inventories Unreserved Surplus \r\nTotal Ending Fund Balance - June 30 \r\n \r\n- 5 1,596.968.65 $ \r\n \r\n- 2.978.42 $ 1.599.947.07 \r\n \r\n "},{"id":"dlg_ggpd_y-ga-ba800-b-pr1-bn64-b2008-h2009","title":"North Georgia College and State University, Dahlonega, Georgia, independent accountant's report on applying agreed-upon procedures for the fiscal year ended June 30, 2009","collection_id":"dlg_ggpd","collection_title":"Georgia Government Publications","dcterms_contributor":["Georgia. Department of Audits and Accounts."],"dcterms_spatial":["United States, Georgia, Lumpkin County, Dahlonega, 34.53259, -83.98491"],"dcterms_creator":["Georgia. Department of Audits and Accounts"],"dc_date":["2008/2009"],"dcterms_description":["Fiscal year ended June 30, 2000-","Title from cover.","Title fluctuates: Audits conducted \"in accordance with generally accepted auditing standards\" are issued as: Audit report; reviews that are \"substantially less in scope than an audit in accordance with generally accepted auditing standards\" are issued as: Review or Management report or Independent accountant's report on applying agreed-upon procedures","Year ended June 30, 2006."],"dc_format":["application/pdf"],"dcterms_identifier":null,"dcterms_language":["eng"],"dcterms_publisher":["Atlanta, GA : Georgia. Dept. of Audits and Accounts, 2009"],"dc_relation":null,"dc_right":["http://rightsstatements.org/vocab/InC/1.0/"],"dcterms_is_part_of":null,"dcterms_subject":["North Georgia College \u0026 State University--Appropriations and expenditures","Financial statements--Georgia","Auditors' reports--Georgia"],"dcterms_title":["North Georgia College and State University, Dahlonega, Georgia, independent accountant's report on applying agreed-upon procedures for the fiscal year ended June 30, 2009"],"dcterms_type":["Text"],"dcterms_provenance":["University of Georgia. Map and Government Information Library"],"edm_is_shown_by":["https://dlg.galileo.usg.edu/do:dlg_ggpd_y-ga-ba800-b-pr1-bn64-b2008-h2009"],"edm_is_shown_at":["https://dlg.galileo.usg.edu/id:dlg_ggpd_y-ga-ba800-b-pr1-bn64-b2008-h2009"],"dcterms_temporal":null,"dcterms_rights_holder":null,"dcterms_bibliographic_citation":null,"dlg_local_right":null,"dcterms_medium":["state government records"],"dcterms_extent":null,"dlg_subject_personal":null,"iiif_manifest_url_ss":null,"dcterms_subject_fast":null,"fulltext":"NORTH GEORGIA COLLEGE AND STATE UNIVERSITY DAHLONEGA,GEORGIA \r\nINDEPENDENT ACCOUNTANT'S REPORT ON APPLYING AGREEDUPON PROCEDURES FOR FISCAL YEAR ENDED JUNE 30, 2009 \r\nGeorg ia Department of Audits and Accounts Russell W. Hinton State Auditor \r\n \r\n NORTH GEORGIA COLLEGE AND STATE UNIVERSITY - TABLE OF CONTENTS - \r\n \r\nINDEPENDENT ACCOUNTANT'S REPORT ON APPLYING AGREED-UPON PROCEDURES \r\n \r\nEXHIBITS \r\n \r\nA SUMMARY BUDGET COMPARISON AND SURPLUS ANALYSIS REPORT \r\n \r\nI \r\n \r\nB STATEMENT OF PROGRAM REVENUES AND EXPENDITURES BY FUNDING \r\n \r\nSOURCE COMPARED TO BUDGET \r\n \r\n2 \r\n \r\n RUSSELL W. HINTON \r\nSTATE AUDITOR \r\n(404) 656-2174 \r\n \r\nDEPARTMENT OF AUDITS AND ACCOUNTS \r\n270 Washington Street, S.W., Suite 1-156 Atlanta, Georgia 30334-8400 \r\nNovember 20, 2009 \r\n \r\nMembers of the State Board of Regents of the University System of Georgia Honorable David Potter, President North Georgia College and State University \r\nIndependent Accountant's Report on Applying Agreed-Upon Procedures \r\nLadies and Gentlemen: \r\nWe have performed the procedures enumerated below, which were agreed to by the University and the University System Office (Oversight Unit) ofthe Board ofRegents ofthe University System of Georgia, solely to assist you in assessing the accuracy of the financial information reported to the University System Office in the College's 2009 Annual Financial Report for inclusion in the State of Georgia's Comprehensive Annual Financial Report (CAFR) and Single Audit Report; and to assist you in assessing the accuracy of the budget basis information provided in the Summary Budget Comparison and Surplus Analysis Report and Statement ofProgram Revenues and Expenditures by Funding Source Compared to Budget which are attached as Exhibits A and B, respectively. North Georgia College and State University's management is responsible for the financial information reported to the University System Office in the University's Annual Financial Report. This agreedupon procedures engagement was conducted in accordance with attestation standards established by the American Institute ofCertified Public Accountants. The sufficiency ofthese procedures is solely the responsibility of the parties specified in this report. Consequently, we make no representation regarding the sufficiency of the procedures described below either for the purpose for which this report has been requested or for any other purpose. \r\nThe procedures and the associated findings are as follows: \r\n1. Review selected balance sheet items reported on the Annual Financial Report (cash, accounts receivable, accounts payable, deferred revenues, net assets). Confirm that these items have adequate supporting documentation and are properly reconciled to the University's general ledger. \r\nWe did not note any exceptions as a result of our procedures. \r\n \r\n 2. Obtain the University's GAAP basis Statement of Net Assets and Statement of Revenues Expenses and Changes in Net Assets (SRECNA) submitted for inclusion in the State's CAFR and Single Audit. Utilizing test scripts, confirm that financial information presented in these statements properly supports activity reported in the University's accounting records. \r\nWe did not note any exceptions as a result of our procedures. \r\n3. Obtain the University's Statement ofCash Flows submitted for inclusion in the State's CAFR and Single Audit. Utilizing cash flow worksheets, confirm information reported on Statement of Cash Flows. \r\nWe did not note any exceptions as a result of our procedures. \r\n4. Obtain the University's Notes to the Financial Statements submitted for inclusion in the State's CAFR and Single Audit. Utilizing notes worksheets and other supporting documentation confirm that note disclosures related to Cash, Investments, Accounts Receivable, Capital Assets, Long-Term Debt, Lease Obligations and Retirement Plans have been properly reported. \r\nWe did not note any exceptions as a result of our procedures. \r\n5. Review the University's year end GAAP basis journal entries. Obtain documentation for GAAP journal entries and confirm that the entries were posted to the University's Annual Financial Report. \r\nWe did not note any exceptions as a result of our procedures. \r\n6. Confirm that State Appropriation revenues, receivables and remittances of prior year surplus balances have been properly recorded in the University's financial records. Prior year surplus balances should be netted against State Appropriation revenues in the GAAP basis financial statements; however, prior year surplus balances should be reflected as fund balance adjustments on the Budget basis financial statements. \r\nWe did not note any exceptions as a result of our procedures. \r\n7. Obtain listing of write-off requests for accounts receivable less than $3,000.00 for fiscal year 2009. Confirm that these write-off requests have been approved by the State Accounting Officer and have been posted to the University's financial statements. \r\nWe did not note any exceptions as a result of our procedures. \r\n8. Verify that the listing of salaries, travel, and professional services reported to the Department of Audits is in accordance with O.C.G.A. 50~6~27 and reconciles to amounts recorded in the University's financial statements. \r\nWe did not note any exceptions as a result of our procedures. \r\n \r\n 9. Review year end Budgetary Statements including the Summary Budget Comparison andSurplus Analysis Report (Exhibit A) and Statement ofProgram Revenues and Expenditures by Funding Source Compared to Budget (Exhibit B). Confirm that budget information presented in these statements supports activity reported in the University's accounting records and determine ifany budget overexpenditures exist. \r\nThe University's budget comparison reflected an overexpenditure of $1,123,424.32 in Teaching. See Exhibits A and B. \r\n10. Obtain documentation for Budget basis reserves reported by University on the Summary Budget Comparison and Surplus Analysis Report (Exhibit A). Confirm that the reserves are properly documented, valid and appropriate. \r\nWe did not note any exceptions as a result of our procedures. \r\n11. Review the H.O.P.E. Scholarship Program reconciliation between the University and the Georgia Student Finance Commission. Confirm that information reported to the Georgia Student Finance Commission has been reconciled with H.O.P.E. Scholarship activity reported on the University's financial records. \r\nWe did not note any exceptions as a result of our procedures. \r\n12. Review the Schedule of Expenditures of Federal Awards information submitted by the University for inclusion in the Statewide Single Audit. Confirm that the information is properly presented and supported by the University's accounting records. \r\nThe University's Schedule of Expenditures of Federal Awards (SEFA) information did not include loans provided to students under the Federal Family Education Program in the amount of $8,943,443.04. The SEFA was adjusted to correct this omission. \r\n13. Review capital asset records to ensure that (1) subsidiary ledgers are appropriately reconciled to the ledgers, (2) capitalization thresholds are being properly followed, and (3) a complete annual physical equipment inventory is being conducted and that issues noted during the physical inventory are being properly addressed by management. \r\nWe did not note any exceptions as a result of our procedures. \r\n14. Review bank reconciliations during the year under review to ensure that management is preparing them timely and that reconciling items are being addressed by management timely and in an appropriate manner. \r\nWe did not note any exceptions as a result of our procedures. \r\n \r\n 15. Review documentation to ensure that all subsidiary modules including BANNER are reconciled to the general ledger at least quarterly in accordance with BPM 10.6.2. and ensure that reconciling items are adequately explained and resolved in a timely manner. \r\nWe did not note any exceptions as a result of our procedures. \r\nThese agreed-upon procedures do not constitute an audit of the financial statements or any part thereof, the objective ofwhich is to express an opinion on the financial statements or a part thereof. Accordingly, we do not express such an opinion. Had we performed additional procedures, other matters might have come to our attention that would have been reported to you. \r\nThis report is intended solely for the information and use of the specified users listed above and is not intended to be and should not be used by anyone other than these specified parties. \r\nRespectfully submitted, \r\n~~,~:jF~ State Auditor \r\nRWH:as \r\n \r\n EXHIBITS \r\n \r\n NORTH GEORGIA COLLEGE AND STATE UNIVERSITY SUMMARY BUDGET COMPARISON AND SURPLUS ANALYSIS REPORT \r\nYEAR ENDED JUNE 30, 2009 \r\n \r\nEXHIBIT\"A\" \r\n \r\nREVENUES \r\nState Appropriation State General Funds \r\nFederal Funds Other Funds \r\nTotal Revenues \r\nCARRY-OVER FROM PRIOR YEAR \r\nTransfer from Reserved Fund Balance \r\nTotal Funds Available \r\nEXPENDITURES \r\nSpecial Funding Initiative Teaching \r\nTotal Expenditures \r\nExcess of Funds Available over Expenditures \r\nFUND BALANCE JULY 1 \r\nReserved Unreserved \r\nADJUSTMENTS \r\nPrior Year Payables/Expenditures Prior Year Receivables/Revenues Mandatory Transfers Unreserved Fund Balance (Surplus) Returned \r\nto Board of Regents - University System Office Year Ended June 30, 2008 \r\nPrior Year Reserved Fund Balance Included in Funds Available \r\nFUND BALANCE JUNE 30 \r\nSUMMARY OF FUND BALANCE \r\nReserved Departmental Sales and Services Indirect Cost Recoveries Technology Fees Restricted/Sponsored Funds Uncollectible Accounts Receivable Inventories Tuition Carry-Over \r\nTotal Reserved \r\nUnreserved Surplus \r\nTotal Fund Balance \r\n \r\nBUDGET \r\n \r\nACTUAL \r\n \r\nVARIANCEFAVORABLE (UNFAVORABLE) \r\n \r\n$ \r\n \r\n24,897,569.00 $ \r\n \r\n24,897,569.00 $ \r\n \r\n248,729.00 \r\n \r\n248,729.00 \r\n \r\n26,312,922.00 \r\n \r\n27,722,325.30 \r\n \r\n$ \r\n \r\n51,459,220.00 $ \r\n \r\n52,868,623.30 $ \r\n \r\n0.00 0.00 1,409,403.30 \r\n1,409,403.30 \r\n \r\n0.00 \r\n \r\n608 258.96 \r\n \r\n$ \r\n \r\n51 459 220.00 $ \r\n \r\n53,476,882.26 $ \r\n \r\n608,258.96 2,017,662.26 \r\n \r\n$ \r\n \r\n586,880.00 $ \r\n \r\n586,880.00 $ \r\n \r\n0.00 \r\n \r\n50,872 340.00 \r\n \r\n51,995,764.32 \r\n \r\n-1 123 424.32 \r\n \r\n$ \r\n \r\n51,459,220.00 $ \r\n \r\n52,582,644.32 $ \r\n \r\n-1,123,424.32 \r\n \r\n$ \r\n \r\n894,237.94 $ \r\n \r\n894 237.94 \r\n \r\n788,311.05 4,069.67 \r\n \r\n-9,884.65 -6,183.65 -3,971.94 \r\n4,069.67 -608,258.96 \r\n \r\n$ \r\n \r\n185,676.89 \r\n \r\n29,224.69 \r\n \r\n15,689.61 \r\n \r\n239,871.99 \r\n \r\n113,196.78 \r\n \r\n57,370.23 \r\n \r\n410,542.63 \r\n \r\n$ \r\n \r\n1,051,572.82 \r\n \r\n2 676.97 \r\n \r\n$ \r\n \r\n1054249.79 \r\n \r\n NORTH GEORGIA COLLEGE ANO STATE UNIVERSITY STATEMENT OF PROGRAM REVENUES AND EXPENDITURES BY FUNDING SOURCE COMPARED TO BUDGET \r\nYEAR ENDED JUNE 30, 2009 \r\n \r\nSpecial Funding Initiatives \r\nState Appropriation State General Funds \r\n \r\nOriginal Appropriation \r\n \r\nFinal Budget \r\n \r\nCurrent Year Revenues \r\n \r\nFunds Available Com12ared to Budget \r\n \r\nPrior Year Carry-Over \r\n \r\nTotal Funds Available \r\n \r\nVariance Positive (Negative) \r\n \r\n682,398.00 $ \r\n \r\n586,880.00 $ \r\n \r\n586,880.00 $ \r\n \r\n0.00 $ \r\n \r\n586,880.00 $ \r\n \r\n0.00 \r\n \r\nTeaching State Appropriation State General Funds Federal Funds American Recovery and Reinvestment Act of 2009 Federal Stabilization Funds Other Funds \r\nTotal Teaching \r\n \r\n$ 27,650,693.00 $ 24,310,669.00 $ 24,310,689.00 $ \r\n \r\n0.00 $ \r\n \r\n24,310,689.00 $ \r\n \r\n000 \r\n \r\n0.00 21 687 283.00 \r\n49 337 976.00 \r\n \r\n248,729.00 26 312 922.00 \r\n50 872 340.00 \r\n \r\n248,729.00 27 722 325 30 \r\n \r\n0.00 608 258.96 \r\n \r\n52 281 743.30 $ 608 258.96 $ \r\n \r\n248,729.00 28 330 584.26 \r\n52,890,002.26 \r\n \r\n0.00 2 017 662.26 \r\n2 017 662.26 \r\n \r\nGrand Totals - All Programs \r\n \r\n50,020,374.00 $ 51,459,220.00 $ 52,868,623.30 $ 608,258.96 $ \r\n \r\n53,476,882.26 $ 2,017,662.26 \r\n \r\n 2- \r\n \r\n EXHIBIT\"B\" \r\n \r\nExpenditures Compared to Budget \r\n \r\nVariance \r\n \r\nPositive \r\n \r\nActual \r\n \r\n(Negative) \r\n \r\nActual Funds Available \r\nOver/(Under) Expenditures \r\n \r\nPrior Period Adjustments \r\n \r\nOther Adjustments \r\n \r\nProgram Fund \r\nBalances \r\n \r\nTransfers \r\n \r\nProgram Fund Balances \r\n \r\nReserve \r\n \r\n~ \r\n \r\nTotal Fund Balance \r\n \r\n586,880.00 $ \r\n \r\n0.00 $ \r\n \r\n0.00 $ \r\n \r\n0.00 $ \r\n \r\n0.00 $ \r\n \r\n0.00 \r\n \r\n0.00 $ \r\n \r\n0.00 $ \r\n \r\n0.00 $ \r\n \r\n0.00 \r\n \r\n24.309.122.16 $ \r\n \r\n1,566.62 $ \r\n \r\n1,566.82 $ \r\n \r\n-135.25 $ \r\n \r\n0.00 $ \r\n \r\n1,431.57 $ \r\n \r\n0.00 $ \r\n \r\n0.00 $ 1,431.57 $ \r\n \r\n1,431.57 \r\n \r\n248,729.00 27 437 913.14 \r\n51 995 764.32 \r\n \r\n0.00 -1 124 991.14 \r\n-1 123 424.32 $ \r\n \r\n0.00 892671.12 \r\n894 237.94 \r\n \r\n0.00 -15 93305 \r\n-16 068.30 \r\n \r\n0.00 5 513.14 \r\n5 513.14 $ \r\n \r\n0.00 \r\n \r\no.oo \r\n \r\n882 251.21 ___Q,QQ_ \r\n \r\n0.00 881 005 81 \r\n \r\n0.00 1 245.40 \r\n \r\n883 682.78 \r\n \r\n0.00 $ 881 005.81 $ 2 676.97 $ \r\n \r\n0.00 882 251.21 \r\n883 682.78 \r\n \r\n52 562,644.32 $ -1, 123,424.32 $ \r\n \r\n894,237.94 $ -16,068.30 $ \r\n \r\n5,513.14 $ \r\n \r\n883,682.78 \r\n \r\n0.00 $ 881,005.81 $ ~ $ \r\n \r\n883,682.78 \r\n \r\nUnexpendable Reserves Uncollectible Accounts Receivable Inventories \r\n \r\n113,196.78 57 370.23 \r\n1 054 249.79 \r\n \r\n- 3- \r\n \r\n "},{"id":"dlg_ggpd_y-ga-ba800-b-pr1-bn64-b2007-h2008","title":"North Georgia College and State University, Dahlonega, Georgia, independent accountant's report on applying agreed-upon procedures for the fiscal year ended June 30, 2008","collection_id":"dlg_ggpd","collection_title":"Georgia Government Publications","dcterms_contributor":["Georgia. Department of Audits and Accounts."],"dcterms_spatial":["United States, Georgia, Lumpkin County, Dahlonega, 34.53259, -83.98491"],"dcterms_creator":["Georgia. Department of Audits and Accounts"],"dc_date":["2007/2008"],"dcterms_description":["Fiscal year ended June 30, 2000-","Title from cover.","Title fluctuates: Audits conducted \"in accordance with generally accepted auditing standards\" are issued as: Audit report; reviews that are \"substantially less in scope than an audit in accordance with generally accepted auditing standards\" are issued as: Review or Management report or Independent accountant's report on applying agreed-upon procedures","Year ended June 30, 2006."],"dc_format":["application/pdf"],"dcterms_identifier":null,"dcterms_language":["eng"],"dcterms_publisher":["Atlanta, GA : Georgia. Dept. of Audits and Accounts, 2008"],"dc_relation":null,"dc_right":["http://rightsstatements.org/vocab/InC/1.0/"],"dcterms_is_part_of":null,"dcterms_subject":["North Georgia College \u0026 State University--Appropriations and expenditures","Financial statements--Georgia","Auditors' reports--Georgia"],"dcterms_title":["North Georgia College and State University, Dahlonega, Georgia, independent accountant's report on applying agreed-upon procedures for the fiscal year ended June 30, 2008"],"dcterms_type":["Text"],"dcterms_provenance":["University of Georgia. Map and Government Information Library"],"edm_is_shown_by":["https://dlg.galileo.usg.edu/do:dlg_ggpd_y-ga-ba800-b-pr1-bn64-b2007-h2008"],"edm_is_shown_at":["https://dlg.galileo.usg.edu/id:dlg_ggpd_y-ga-ba800-b-pr1-bn64-b2007-h2008"],"dcterms_temporal":null,"dcterms_rights_holder":null,"dcterms_bibliographic_citation":null,"dlg_local_right":null,"dcterms_medium":["state government records"],"dcterms_extent":null,"dlg_subject_personal":null,"iiif_manifest_url_ss":null,"dcterms_subject_fast":null,"fulltext":"STATE OF GEORGIA DEPARTMENT OF AUDITS AND ACCOUNTS \r\nI \r\nNORTH GEORGIA COLLEGE AND STATE UNIVERSITY DAHLONEGA, GEORGIA \r\nINDEPENDENT ACCOUNTANTS REPORT ON APPLYING AGREED-UPON PROCEDURES \r\nFOR THE FISCAL YEAR ENDED JUNE 30, 2008 \r\nRussell W. Hinton State Auditor \r\n \r\n NORTH GEORGIA COLLEGE AND STATE UNIVERSITY - TABLE OF CONTENTS - \r\n \r\nINDEPENDENT ACCOUNTANT'S REPORT ON APPLYING AGREED-UPON PROCEDURES \r\n \r\nEXHIBITS \r\n \r\nA SUMMARY BUDGET COMPARISON AND SURPLUS ANALYSIS REPORT \r\n \r\n1 \r\n \r\nB STATEMENT OF PROGRAM REVENUES AND EXPENDITURES BY FUNDING \r\n \r\nSOURCE COMPARED TO BUDGET \r\n \r\n2 \r\n \r\n RUSSELL W. HINTON \r\nSTATE AUDITOR \r\n(404) 6562174 \r\n \r\nDEPARTMENT OF AUDITS AND ACCOUNTS \r\n270 Washington Street, S.W., Suite 1-156 Atlanta, Georgia 30334-8400 \r\nDecember 9, 2008 \r\n \r\nMembers ofthe State Board ofRegents ofthe University System of Georgia Honorable David Potter, President North Georgia College and State University \r\nIndependent Accountant's Report on Applying Agreed-Upon Procedures \r\nLadies and Gentlemen: \r\nWe have performed the procedures enumerated below, which were agreed to by the University and the University System Office (Oversight Unit) of the Board ofRegents of the University System of Georgia, solely to assist you in assessing the accuracy of the financial information reported to the University System Office in the University's 2008 Annual Financial Report for inclusion in the State ofGeorgia's Comprehensive Annual Financial Report (CAFR) and Single Audit Report; and to assist you in assessing the accuracy of the budget basis information provided in the Summary Budget Comparison and Surplus Analysis Report and Statement ofProgram Revenues and Expenditures by Funding Source Compared to Budget which are attached as Exhibits A and B, respectively. North Georgia College and State University's management is responsible for the financial information reported to the University System Office in the University's Annual Financial Report. This agreedupon procedures engagement was conducted in accordance with attestation standards established by the American Institute of Certified Public Accountants. The sufficiency ofthese procedures is solely the responsibility of the parties specified in this report. Consequently, we make no representation regarding the sufficiency of the procedures described below either for the purpose for which this report has been requested or for any other purpose. \r\nThe procedures and the associated findings are as follows: \r\n1. Review selected balance sheet items reported on the Annual Financial Report (cash, accounts receivable, accounts payable, deferred revenues, net assets). Confirm that these items have adequate supporting documentation and are properly reconciled to the University's general ledger. \r\nWe did not note any exceptions as a result of our procedures. \r\n \r\n 2. Obtain the University's GAAP basis Statement of Net Assets and Statement of Revenues, Expenses and Changes in Net Assets (SRECNA) submitted for inclusion in the State's CAFR and Single Audit. Utilizing test scripts, confirm that financial information presented in these statements properly supports activity reported in the University's accounting records. \r\nWe did not note any exceptions as a result of our procedures. \r\n3. Obtain the University's Statement ofCash Flows submitted for inclusion in the State's CAFR and Single Audit. Utilizing cash flow worksheets, confirm information reported on Statement of Cash Flows. \r\nWe did not note any exceptions as a result of our procedures. \r\n4. Obtain the University's Notes to the Financial Statements submitted for inclusion in the State's CAFR and Single Audit. Utilizing notes worksheets and other supporting documentation confirm that note disclosures related to Cash, Investments, Accounts Receivable, Capital Assets, Long-Term Debt, Lease Obligations and Retirement Plans have been properly reported. \r\nWe did not note any exceptions as a result of our procedures. \r\n5. Review the University's year end GAAP basis journal entries. Obtain documentation for GAAP journal entries and confirm that the entries were posted to the University's Annual Financial Report. \r\nWe did not note any exceptions as a result of our procedures. \r\n6. Confirm that State Appropriation revenues, receivables and remittances of prior year surplus balances have been properly recorded in the University's financial records. Prior year surplus balances should be netted against State Appropriation revenues in the GAAP basis financial statements; however, prior year surplus balances should be reflected as fund balance adjustments on the Budget basis financial statements. \r\nWe did not note any exceptions as a result of our procedures. \r\n7. Obtain listing ofwrite-offrequests for accounts receivable less than $3,000.00 for fiscal year 2008. Confirm that these write-offrequests have been approved by the State Accounting Officer and have been posted to the University's financial statements. \r\nWe did not note any exceptions as a result of our procedures. \r\n8. Verify that the listing ofsalaries, travel, and professional services reported to the Department of Audits is in accordance with O.C.G.A. 50-6-27 and reconciles to amounts recorded in the University's financial statements. \r\nWe did not note any exceptions as a result of our procedures. \r\n \r\n 9. Review year end Budgetary Statements including the Summary Budget Comparison andSurplus Analysis Report (Exhibit A) and Statement ofProgram Revenues and Expenditures by Funding Source Compared to Budget (Exhibit B). Confirm that budget information presented in these statements supports activity reported in the University's accounting records and determine ifany budget overexpenditures exist. \r\nWe did not note any exceptions as a result of our procedures. \r\n10. Obtain documentation for Budget basis reserves reported by the University on the Summary Budget Comparison and Surplus Analysis Report (Exhibit A). Confirm that the reserves are properly documented, valid and appropriate. \r\nWe did not note any exceptions as a result of our procedures. \r\n11. Review the H.O.P.E. Scholarship Program reconciliation between the University and the Georgia Student Finance Commission. Confirm that information reported to the Georgia Student Finance Commission has been reconciled with H.O.P.E. Scholarship activity reported on the University's financial records. \r\nWe did not note any exceptions as a result of our procedures. \r\n12. Review the Schedule of Expenditures of Federal Awards information submitted by the University for inclusion in the Statewide Single Audit. Confirm that the information is properly presented and supported by the University's accounting records. \r\nWe did not note any exceptions as a result of our procedures. \r\n13. Review capital asset records to ensure that (1) subsidiary ledgers are appropriately reconciled to the ledgers, (2) capitalization thresholds are being properly followed, and (3) a complete annual physical equipment inventory is being conducted and that issues noted during the physical inventory are being properly addressed by management. \r\nWe did not note any exceptions as a result of our procedures. \r\n14. Review bank reconciliations during the year under review to ensure that management is preparing them timely and that reconciling items are being addressed by management timely and in an appropriate manner. \r\nWe did not note any exceptions as a result of our procedures. \r\nThese agreed-upon procedures do not constitute an audit of the financial statements or any part thereof, the objective ofwhich is to express an opinion on the financial statements or a part thereof. Accordingly, we do not express such an opinion. Had we performed additional procedures, other matters might have come to our attention that would have been reported to you. \r\n \r\n This report is intended solely for the information and use of the specified users listed above and is not intended to be and should not be used by anyone other than these specified parties. \r\nRespectfully submitted, \r\n~\\D.~ Russell W. Hinton, CPA, CGFM State Auditor \r\nRWH:as \r\n \r\n EXHIBITS \r\n \r\n NORTH GEORGIA COLLEGE AND STATE UNIVERSITY SUMMARY BUDGET COMPARISON AND SURPLUS ANALYSIS REPORT \r\nYEAR ENDED JUNE 30, 2008 \r\n \r\nEXHIBIT\"A\" \r\n \r\nREVENUES \r\nState Appropriation State General Funds \r\nOther Funds \r\nTotal Revenues \r\nCARRY-OVER FROM PRIOR YEAR \r\nTransfer from Reserved Fund Balance \r\nTotal Funds Available \r\nEXPENDITURES \r\nSpecial Funding Initiative Teaching \r\nTotal Expenditures \r\nExcess of Funds Available over Expenditures \r\nFUND BALANCE JULY 1 \r\nReserved Unreserved \r\nADJUSTMENTS \r\nPrior Year Payables/Expenditures Prior Year Receivables/Revenues Unreserved Fund Balance (Surplus) Returned \r\nto Board of Regents - University System Office Year Ended June 30, 2007 \r\nMandatory Transfers Prior Year Reserved Fund Balance Included in Funds Available \r\nFUND BALANCE JUNE 30 \r\n \r\nBUDGET \r\n \r\nACTUAL \r\n \r\nVARIANCEFAVORABLE (UNFAVORABLE) \r\n \r\n$ \r\n \r\n26,798,099.00 $ \r\n \r\n26,798,099.00 $ \r\n \r\n25,562,179.00 \r\n \r\n25,251,468.80 \r\n \r\n$ \r\n \r\n52,360,278.00 $ \r\n \r\n52,049,567.80 $ \r\n \r\n0.00 -310,710.20 \r\n-310,710.20 \r\n \r\n0.00 \r\n \r\n461 834.69 \r\n \r\n$ \r\n \r\n52,360,278.00 $ \r\n \r\n52,511,402.49 $ \r\n \r\n461 834.69 151 124.49 \r\n \r\n$ \r\n \r\n865,632.00 $ \r\n \r\n865,632.00 $ \r\n \r\n51,494,646.00 \r\n \r\n51 ,050 734.69 \r\n \r\n$ \r\n \r\n52,360,278.00 $ \r\n \r\n51,916,366.69 $ \r\n \r\n$ \r\n \r\n0.00 $ \r\n \r\n595,035.80 $ \r\n \r\n0.00 443 911.31 \r\n443 911.31 \r\n595,035.80 \r\n \r\n659,955.08 5,766.80 \r\n \r\n3,107.69 -45.00 \r\n \r\n-5,766.80 -3,838.16 -461 834.69 \r\n \r\n$ \r\n \r\n792 380.72 \r\n \r\nSUMMARY OF FUND BALANCE \r\nReserved Departmental Sales and Services Indirect Cost Recoveries Technology Fees Restricted/Sponsored Funds Uncollectible Accounts Receivable Tuition Carry-Over Inventories \r\nTotal Reserved \r\nUnreserved Surplus \r\nTotal Fund Balance \r\n \r\n$ \r\n \r\n159,418.53 \r\n \r\n73,923.75 \r\n \r\n7,280.12 \r\n \r\n217,063.38 \r\n \r\n138,438.63 \r\n \r\n150,573.18 \r\n \r\n41 613.46 \r\n \r\n$ \r\n \r\n788,311.05 \r\n \r\n4 069.67 \r\n \r\n$ \r\n \r\n792,380.72 \r\n \r\n- 1- \r\n \r\n NORTH GEORGIA COLLEGE AND STATE UNIVERSITY STATEMENT OF PROGRAM REVENUES AND EXPENDITURES BY FUNDING SOURCE COMPARED TO BUDGET \r\nYEAR ENDED JUNE 30, 2008 \r\n \r\nSpecial Funding Initiative \r\nState Appropriation State General Funds \r\n \r\nOriginal Appropriation \r\n \r\nFinal Budget \r\n \r\nCurrent Year Revenues \r\n \r\nFunds Available Com~ared to Budget \r\n \r\nPrior Year Carrv-Over \r\n \r\nTotal Funds Available \r\n \r\nVariance Positive (Negative) \r\n \r\n865,632.00 $ \r\n \r\n865,632.00 $ \r\n \r\n865,632.00 $ \r\n \r\n0.00 $ \r\n \r\n865,632.00 $ \r\n \r\n0.00 \r\n \r\nTeaching State Appropriation State General Funds Other Funds \r\nTotal Teaching \r\nGrand Totals -All Programs \r\n \r\n25,635,759.00 19 320 254.00 \r\n$ ==='4\"'4\"'9\"'5\"'6\"'0\"'13\"'.0\"'0\"\" \r\n \r\n25,932,467.00 25,562,179.00 \r\n51 494 646.00 \r\n \r\n25,932,467.00 25,251,468.80 \r\n51 183 935.80 $ \r\n \r\n45,821,645.00 $ \r\n \r\n52,360,278.00 $ \r\n \r\n52,049,567.80 $ \r\n \r\n0.00 $ 461 834.69 \r\n461 834.69 $ \r\n \r\n25,932,467.00 25,713 303.49 \r\n \r\n0.00 151124.49 \r\n \r\n51645,770.49 $===l.15~1\"=1~2.4...;:;49\"'\" \r\n \r\n461,834.69 $ \r\n \r\n52,511,402.49 $ ===l.15~1~,1;,;;2;;;;4.;;;;49\"'\" \r\n \r\n-2- \r\n \r\n EXHIBIT\"B\" \r\n \r\nExpenditures Compared lo Budget \r\n \r\nVariance \r\n \r\nPositive \r\n \r\nAclual \r\n \r\n!Negative) \r\n \r\nAclual Funds Available \r\nOver/(Under) Expenditures \r\n \r\nPrior Period Adjustments \r\n \r\nOlher Adjustments \r\n \r\nProgram Fund \r\nBalances \r\n \r\nTransfers \r\n \r\nP!:!!!!ram Fund Balances \r\n \r\nReserve \r\n \r\n~ \r\n \r\nTolal Fund Balance \r\n \r\n865,632.00 $ \r\n \r\n0.00 $ \r\n \r\n0.00 $ 1 550.39 $ \r\n \r\n0.00 $ 1,550.39 $ ~ $ \r\n \r\n0.00 $ 1,550.39 $ 1,550.39 \r\n \r\n$ \r\n \r\n25,931,756.24 $ \r\n \r\n25.116.976.45 \r\n \r\n$ \r\n \r\n51 050 734.69 $ \r\n \r\n708.76 $ 443.202.55 \r\n443 911.31 $ \r\n \r\n706.76 $ 594 327.04 \r\n595 035.80 $ \r\n \r\n0.00 $ 1.512.30 \r\n1512.30 $ \r\n \r\n0.00 $ \r\n \r\n708.76 $ \r\n \r\n0.00 $ \r\n \r\n0.00 $ 708.76 $ \r\n \r\n708.76 \r\n \r\n14.230.14 \r\n \r\n610069.48 _.Q,QQ_ 808 256.96 \r\n \r\n1.810.52 \r\n \r\n610.069.48 \r\n \r\n14 230.14 $ 610 778.24 $~ $ 808 256.96 $ 2 519.28 $ 610 778.24 \r\n \r\n$ \r\n \r\n51,916,366.69 $ \r\n \r\n443 911.31 $ \r\n \r\n595,035.80 $ 3,062.69 $ 14,230.14 $ 612,326.63 $~ $ 608,258.96 $ 4,069.67 $ 612,328.63 \r\n \r\nUnexpendable Reserves Uncollectible Accounls Receivable lnvenlories \r\n \r\n136,436.63 41.613.46 \r\n$ 792 380.72 \r\n \r\n-3- \r\n \r\n "},{"id":"dlg_ggpd_y-ga-ba800-b-pr1-bn64-b2006-h2007","title":"North Georgia College and State University, Dahlonega, Georgia, independent accountant's report on applying agreed-upon procedures for the fiscal year ended June 30, 2007","collection_id":"dlg_ggpd","collection_title":"Georgia Government Publications","dcterms_contributor":["Georgia. Department of Audits and Accounts."],"dcterms_spatial":["United States, Georgia, Lumpkin County, Dahlonega, 34.53259, -83.98491"],"dcterms_creator":["Georgia. Department of Audits and Accounts"],"dc_date":["2006/2007"],"dcterms_description":["Fiscal year ended June 30, 2000-","Title from cover.","Title fluctuates: Audits conducted \"in accordance with generally accepted auditing standards\" are issued as: Audit report; reviews that are \"substantially less in scope than an audit in accordance with generally accepted auditing standards\" are issued as: Review or Management report or Independent accountant's report on applying agreed-upon procedures","Year ended June 30, 2006."],"dc_format":["application/pdf"],"dcterms_identifier":null,"dcterms_language":["eng"],"dcterms_publisher":["Atlanta, Ga. : Dept. of Audits and Accounts"],"dc_relation":null,"dc_right":["http://rightsstatements.org/vocab/InC/1.0/"],"dcterms_is_part_of":null,"dcterms_subject":["North Georgia College \u0026 State University--Appropriations and expenditures","Financial statements--Georgia","Auditors' reports--Georgia"],"dcterms_title":["North Georgia College and State University, Dahlonega, Georgia, independent accountant's report on applying agreed-upon procedures for the fiscal year ended June 30, 2007"],"dcterms_type":["Text"],"dcterms_provenance":["University of Georgia. Map and Government Information Library"],"edm_is_shown_by":["https://dlg.galileo.usg.edu/do:dlg_ggpd_y-ga-ba800-b-pr1-bn64-b2006-h2007"],"edm_is_shown_at":["https://dlg.galileo.usg.edu/id:dlg_ggpd_y-ga-ba800-b-pr1-bn64-b2006-h2007"],"dcterms_temporal":null,"dcterms_rights_holder":null,"dcterms_bibliographic_citation":null,"dlg_local_right":null,"dcterms_medium":["state government records"],"dcterms_extent":null,"dlg_subject_personal":null,"iiif_manifest_url_ss":null,"dcterms_subject_fast":null,"fulltext":"STATE OF GEORGIA DEPARTMENT OF AUDITS AND ACCOUNTS \r\nI \r\nNORTH GEORGIA COLLEGE AND STATE UNIVERSITY DAHLONEGA, GEORGIA \r\nINDEPENDENT ACCOUNTANTS REPORT ON APPLYING AGREED-UPON PROCEDURES \r\nFOR THE FISCAL YEAR ENDED JUNE 30, 2007 \r\nRussell W. Hinton State Auditor \r\n \r\n NORTH GEORGIA COLLEGE AND STATE UNIVERSITY - TABLE OF CONTENTS - \r\nINDEPENDENT ACCOUNTANT'S REPORT ON APPLYING AGREED-UPON PROCEDURES EXHIBIT \r\nA BUDGET COMPARISON AND SURPLUS ANALYSIS REPORT \r\n \r\n RUSSELL W. HINTON \r\nSTATE AUDITOR \r\n(404) 656-2174 \r\n \r\nDEPARTMENT OF AUDITS AND ACCOUNTS \r\n270 Washington Street, S.W., Suite 1-156 Atlanta, Georgia 30334-8400 \r\nNovember 19, 2007 \r\n \r\nMembers ofthe Board ofRegents ofthe University System of Georgia Honorable David Potter, President North Georgia College and State University \r\nIndependent Accountant's Report on Applying Agreed-Upon Procedures \r\nLadies and Gentlemen: \r\nWe have performed the procedures enumerated below, which were agreed to by the University and the University System Office (Oversight Unit) ofthe Board ofRegents ofthe University System of Georgia, solely to assist you in assessing the accuracy of the financial information reported to the University System Office in the University's 2007 Annual Financial Report for inclusion in the State ofGeorgia's Comprehensive Annual Financial Report (CAFR) and Single AuditReport; and to assist you in assessing the accuracy ofthe budget basis information provided in the Budget Comparison and Surplus Analysis Report, which is attached as Exhibit A. This agreed-upon procedures engagement was conducted in accordance with attestation standards established by the American Institute of Certified Public Accountants. The sufficiency of these procedures is solely the responsibility of the parties specified in this report. Consequently, we make no representation regarding the sufficiency of the procedures described below either for the purpose for which this report has been requested or for any other purpose. \r\n1. Review selected balance sheet items reported on the Annual Financial Report (cash, accounts receivable, accounts payable, deferred revenues, net assets). Confirm that these items have adequate supporting documentation and are properly reconciled to the University's general ledger. \r\nWe did not note any exceptions as a result of our procedures. \r\n2. Obtain the University's GAAP basis Statement of Net Assets and Statement of Revenues, Expenses and Changes in Net Assets (SRECNA) submitted for inclusion in the State's CAFR and Single Audit. Utilizing test scripts, confirm that financial information presented in these statements properly supports activity reported in the University's accounting records. \r\nWe did not note any exceptions as a result of our procedures. \r\n \r\n 3. Obtain the University's Statement ofCash Flows submitted for inclusion in the State's CAFR and Single Audit. Utilizing cash flow worksheets, confirm information reported on Statement of Cash Flows. \r\nWe did not note any exceptions as a result of our procedures. \r\n4. Obtain the University's Notes to the Financial Statements submitted for inclusion in the State's CAFR and Single Audit. Utilizing notes worksheets and other supporting documentation confirm that note disclosures related to Cash, Investments, Accounts Receivable, Capital Assets, Long-Term Debt, Lease Obligations and Retirement Plans have been properly reported. \r\nThe Significant Commitments note disclosure information was not properly reported. The University's Annual Financial Report disclosed Significant Commitments of $6,299,200; however, supporting documentation for Significant Commitments totaled $5,437,039. \r\n5. Review the University's year end GAAP basis journal entries. Obtain documentation for GAAP journal entries and confirm that the entries were posted to the University's Annual Financial Report. \r\nWe did not note any exceptions as a result of our procedures. \r\n6. Confirm that State Appropriation revenues, receivables and remittances ofprior year surplus balances have been properly recorded in the University's financial records. Prior year surplus balances should be netted against State Appropriation revenues in the GAAP basis financial statements; however, prior year surplus balances should be reflected as fund balance adjustments on the Budget basis financial statements. \r\nWe did not note any exceptions as a result of our procedures. \r\n7. Obtain listing ofwrite-offrequests for accounts receivable less than $3,000.00 for fiscal year 2007. Confirm that these write-off requests have been approved by the State Accounting Officer and have been posted to the University's financial statements. \r\nWe did not note any exceptions as a result of our procedures. \r\n8. Verify that the listing ofsalaries, travel, and per diem and fees reported to the Department of Audits is in accordance with O.C.G.A. 50-6-27 reconciles to amounts recorded in the University's financial statements. \r\nWe did not note any exceptions as a result of our procedures. \r\n \r\n 9. Review year end Budgetary Statements including the Budget Comparison and Surplus Analysis Report (Exhibit A). Confirm that budget information presented in these statements supports activity reported in the University's accounting records and determine ifany budget overexpenditures exist. \r\nWe did not note any exceptions as a result of our procedures. \r\n10. Obtain documentation for Budget basis reserves reported by University on the Budget Comparison and Surplus Analysis Report (Exhibit A). Confirm that the reserves are properly documented, valid and appropriate. \r\nWe did not note any exceptions as a result of our procedures. \r\n11. Review the H.O.P.E. Scholarship Program reconciliation between the University and the Georgia Student Finance Commission. Confirm that information reported to the Georgia Student Finance Commission has been reconciled with H.O.P.E. Scholarship activity reported on the University's financial records. \r\nWe did not note any exceptions as a result of our procedures. \r\n12. Review the Schedule of Expenditures of Federal Awards information submitted by the University for inclusion in the Statewide Single Audit. Confirm that the information is properly presented and supported by the University's accounting records. \r\nWe did not note any exceptions as a result of our procedures. \r\nThese agreed-upon procedures do not constitute an audit of the financial statements or any part thereof, the objective ofwhich is to express an opinion on the financial statements or a part thereof. Accordingly, we do not express such an opinion. Had we performed additional procedures, other matters might have come to our attention that would have been reported to you. \r\nThis report is intended solely for the information and use of the specified users listed above and is not intended to be and should not be used by anyone other than these specified parties. \r\nRespectfully submitted, \r\n \r\nRWH:as \r\n \r\n\"\"\"\"'.,..~ L J ~ \r\nRus ell W. Hinton, CPA, CGFM \r\nState Auditor \r\n \r\n EXHIBIT \r\n \r\n NORTH GEORGIA COLLEGE AND STATE UNIVERSITY BUDGET COMPARISON AND SURPLUS ANALYSIS REPORT \r\nYEAR ENDED JUNE 30, 2007 \r\n \r\nEXHIBIT\"A\" \r\n \r\nREVENUES \r\nState Appropriation State General Funds \r\nFederal Funds Other Funds \r\nTotal Revenues \r\nEXPENDITURES \r\nPublic Service/Special Funding Initiatives Teaching \r\nTotal Expenditures \r\nExcess of Funds Available over Expenditures \r\nFUND BALANCE JULY 1 \r\nReserved Unreserved \r\nADJUSTMENTS \r\nPrior Year Payables/Expenditures Prior Year Receivables/Revenues Unreserved Fund Balance (Surplus) Returned \r\nto Board of Regents - University System Office Year Ended June 30, 2006 \r\nMandatory Transfers \r\nFUND BALANCE JUNE 30 \r\n \r\nBUDGET \r\n \r\nACTUAL \r\n \r\nVARIANCEFAVORABLE (UNFAVORABLE) \r\n \r\n$ 23,077,294.00 $ 5,453,558.00 16,556,112.00 \r\n \r\n23,077,294.00 $ 4,728,732.86 15,949,956.03 \r\n \r\n$ 45,086,964.00 $ 43,755,982.89 $ \r\n \r\n0.00 -724,825.14 -606 155.97 \r\n-1330981.11 \r\n \r\n$ \r\n \r\n857,089.00 $ \r\n \r\n44,229,875.00 \r\n \r\n856,638.66 $ 42,730,362.97 \r\n \r\n$ 45,086,964.00 $ 43,587,001.63 $ \r\n \r\n$ \r\n \r\n0.00 $ \r\n \r\n168,981.26 $ \r\n \r\n450.34 1,499,512.03 \r\n1,499,962.37 \r\n168,981.26 \r\n \r\n531,285.87 8,270.90 \r\n \r\n2,122.08 -3,566.01 \r\n \r\n-8,270.90 -33 101.32 \r\n \r\n$ \r\n \r\n665 721.88 \r\n \r\nSUMMARY OF FUND BALANCE \r\nReserved Department Sales and Services Indirect Cost Recovery Technology Fees Restricted/Sponsored Funds Uncollectible Accounts Receivable Inventories \r\nTotal Reserved \r\nUnreserved Surplus \r\n \r\n$ \r\n \r\n152,802.69 \r\n \r\n108,944.95 \r\n \r\n124,107.04 \r\n \r\n75,980.01 \r\n \r\n157,548.05 \r\n \r\n40 572.34 \r\n \r\n$ \r\n \r\n659,955.08 \r\n \r\n5 766.80 \r\n \r\nTotal Fund Balance \r\n \r\n$ ===6=6='5,,;,;72=1=.8=8= \r\n \r\n "}],"pages":{"current_page":1,"next_page":null,"prev_page":null,"total_pages":1,"limit_value":10,"offset_value":0,"total_count":4,"first_page?":true,"last_page?":true},"facets":[{"name":"type_facet","items":[{"value":"Text","hits":4}],"options":{"sort":"count","limit":16,"offset":0,"prefix":null}},{"name":"creator_facet","items":[{"value":"Georgia. 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