Assisting Georgia schools with management of their financial resources for educating students.
CONTACT INFORMATION
Amy Rowell, CPA CGFM
Georgia Dept. of Education
Financial Review Division
1652 Twin Towers East
205 Jesse Hill Jr. Drive SE
Atlanta, GA 30334
 (404) 656-6754
 (404) 657-5512
  arowell@doe.k12.ga.us

Tessie Warren
Administrative Assistant

 (404) 656-2497
 (404) 657-5512
  twarren@doe.k12.ga.us

 Staff Contact List

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Introduction

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CLASSIFICATION OF REVENUES AND OTHER FINANCING SOURCES
A listing of balance sheet accounts is presented below. Most of the accounts listed are used in the balance sheets illustrated in the annual financial statements included in the illustrative comprehensive annual financial report (CAFR) in Appendix D.
  • Assets: Include what is owned and other items not owned as of the date of the balance sheet but expected to become fully owned at some future date.
  • Capital Assets:
  • Budgeting and Revenue Accounts: The amount of budgeted and actual revenues as well as offsetting accounts which normally have debit balances.
  • Liabilities: Financial obligations of the LUA.
  • Budget and Expenditure/Expense/Encumbrance Accounts: Budgeted and actual amounts related to expenditures and encumbrances.
  • Fund Equity and Other Credits: These are accounts showing the excess of a fund's assets over its liabilities. Portions of the fund balance may be reserved if there is a legally binding restriction, usually externally imposed, earmarking resources for a specific future used such as a reserve for bus replacement or as a reserve for encumbrances. In addition, there is a reservation of fund balance that denotes funds are not available for appropriation or expenditure and is applicable only to governmental fund types, such as a reserve for inventories or prepaid insurance. If portions of the fund balance are set aside for reasons other than those stated above, such "set aside" is not a reserve but a portion of the unreserved fund balance which has been "designated" for future use by management. Such designation would be part of account 0799, Fund Balance Unreserved - Undesignated.