7-Final Audit Report (Presentation November 19, 2008)x
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Georgia Department of Audits and AccountsState Government DivisionRussell W. Hinton, State AuditorJJhohn A . ThThornton, Sr. ., DiDirectorGeorgia Department of TransportationBoard PresentationNovember 19, 2008yyyRequest for Special ExaminationRequested by Governor, House and SenateOCGA Section 50‐6‐4“I authorize the Office of the State Audditor toto connductt a special examination of DOT books, records, accountss, bills, and other papers, records, and financial transactions dddeemed appropritiate for a flfulll fiforensic audit.” (April 8, 2008 –Gov. Perdue)yyyDOAA Response to Audit RequestFull scope audit of the GDOT Statutory‐basis financial statementsLastt similar audit condductedd for FYFY 1996yyResults of the AuditA Qualified Opinion:Fiinancial Statements ‘fairly presentedd”, except for the affects of the uncapped Fuel Price Adjustment IndexDepartment of TransportationBudget Fund BaBalalance SShheeteet AnAnalysiissJune 30, 2008Amounts Prior To20092009 Accrual SMF Accrual FinalAAssetsCash and Cash Equivalents $ 290,023,236.89 $ 0.00 $ 290,023,236.89Accounts ReceivableState Appropriation 185,914,480.90 456,219,590.73 642,134,071.63Federal Financial Assistance 1,639,333,832.60 1,639,333,832.60Other 1,463,101,450.19 1,463,101,450.19Prepaid Expenditures 13,905.40 13,905.40IInventories 112 2,408,867867.7272 1122,408,88667 7.7722Other Assets 1,066.00 1,066.00$ $ $Total Assets 3,590,796,839.70 456,219,590.73 4,047 ...