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									                                                                                                                                       2009 CAFR Information




Form Name                            Long Term Liabilities

Due Date                             September 11, 2009

Applicable                           All organizations not receiving a financial statement audit from an independent CPA firm. Organizations receiving
Organizations                        independent audits could utilize this form to submit information, to SAO, supplemental to that included in their
                                     audited financial statements.

Submission                           E-MAIL the completed form to: SAO_Reporting@sao.ga.gov DO NOT SUBMIT PAPER COPY.
Requirements                         Please make sure file is named as follows - XXX_Form09_Long-Term Liabilities.xls (where XXX is the
                                     organization's entity code number) .

Purpose of Form                      Generally accepted accounting principles (GAAP) specify requirements for reporting financial statement balances
                                     and note disclosures for the State's long-term liabilities. The required disclosures should provide information
                                     separately for each major class of long-term liabilities such as revenue/mortgage bonds payable, notes/loans payable,
                                     capital leases payable and compensated absences payable.

References                           Per GASB Codification Section 2300.114, information presented about long-term liabilities should include:
GASB/GAAP/APM
                                       ► Beginning and ending year balances
                                       ► Increases (additions) and decreases (reductions) separately presented
                                       ► The portions of each item that are due within one year of the statement date

                                     Per GASB Codification Section C60, compensated absence is defined as:
                                      ► absences for which employees will be paid such as vacation, sick and other leave benefits

SAO Contact                          Zeina Diallo
                                     zdiallo@sao.ga.gov
                                     404-463-5838

General                              Definition of Compensated Absence -
Information
                                     Vacation leave (annual leave) and other compensated absences with similar characteristics should be accrued as a
                                     liability as benefits are earned by the employees, if the leave is attributable to past service and it is probable that the
                                     employer will compensate the employees for the benefits through paid time off or some other means, such as cash
                                     payments at termination or retirement. Compensated absences should not be accrued for vacation leave which is
                                     expected to lapse. Sick leave and other similar compensated absences should be accrued only to the extent that it is
                                     probable that the employer will compensate the employees for the benefits through cash payments conditioned on
                                     the employees' termination or retirement.


Instructions
  Section A.                         Enter the entity code number, organization name, preparer name and preparer's telephone number at the top of the
                                     sheet.
    Line 1                           Compensated absences information should be provided by Non-PeopleSoft organizations in the "Long Term
                                     Liability" form. Additions and reductions should be reported separately in the designated columns. Balances should
                                     include applicable FICA and Health Insurance amounts. Amounts due within one year are calculated by taking the
                                     average of the two previous years actual expenditures. Compensated absences information for PeopleSoft
                                     organizations will be obtained by the SAO directly from the system.

    Line 2                           Long-term liabilities information should be provided by all organizations in the "Long Term Liabilities" form.
                                     Additions and reductions must be reported separately in the designated columns. Amounts due within one year of
                                     the fiscal year end should be reported separately in the designated column.
                                              Examples of long-term liabilities include bonds, capital leases, mortgage payable, loans payable, notes
                                              payable, etc.
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D:\Docstoc\Working\pdf\57e27c8d-1993-4095-a818-ee5cb09feb03.xls&[Tab]                                                                               6/16/2011 2:27 PM
                                                                                                                                                           2009 CAFR Information




  A. Entity Code:
        Entity Name:                                                                                  If this report is not applicable to your organization, please indicate
        Prepared by:                                                                                  by selecting from the drop down box.
        Telephone #:



                                                                                     Retroactive
                                                                                                           Additions           Reductions            Balance,
                                                                Balance,           Restatement of                                                                      Due Within
                                                                                                       (enter as positive   (enter as negative       June 30
                                                                 July 1              PY Balance                                                                         One Year
                                                                                                            amount)              amount)           (calculated)
                                                                                  (Identify below)*
Long-Term Liabilities:

  1. *Compensated Absences                                                 0.00                0.00                  0.00                0.00                0.00                0.00
                    * Non-PeopleSoft Only

  2. Other Long Term Liabilities

        Revenue/Mortgage Bonds Payable                                     0.00                0.00                  0.00                0.00                0.00                0.00


        Capital Leases Payable                                             0.00                0.00                  0.00                0.00                0.00                0.00


        Notes/Loans Payable                                                0.00                0.00                  0.00                0.00                0.00                0.00


        Other Obligations:                                                 0.00                0.00                  0.00                0.00                0.00                0.00
                  (provide details below)**



        Total Long-Term Liabilities                                        0.00                0.00                  0.00                0.00                0.00                0.00

      * Details of Retroactive Restatement of PY Balance


    ** Details of Other Obligations:




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D:\Docstoc\Working\pdf\57e27c8d-1993-4095-a818-ee5cb09feb03.xls&[Tab]                                                                                                     6/16/2011 2:27 PM

								
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