STATE OF GEORGIA DEPARTMENT OF AUDITS AND ACCOUNTS Russell W. Hinton State Auditor MANAGEMENT REPORT GEORGIA STATE GAMES COMMISSION AN ORGANIZATIONAL UNIT OF THE STATE OF GEORGIA YEAR ENDED JUNE 30, 2004 GEORGIA STATE GAMES COMMISSION MANAGEMENT REPORT -TABLE OF CONTENTS- LETTER OF TRAN SMITTAL SELECTED FINANCIAL INFORMATION EXHIBITS A BALANCE SHEET B STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCE Page 1 2 DEPARTMENT OF AUDITS AND ACCOUNTS 254 Washington Street, S.W., Suite 214 w. RUSSELL HINTON STATE AUDITOR (404) 656-2174 Atlanta, Georgia 30334-8400 January 3, 2005 Honorable Sonny Perdue, Governor Members of the General Assembly of Georgia Members of the Georgia State Games Commission and Honorable Eric Pfeifer, Executive Director Ladies and Gentlemen: As part of our audit of the basic financial statements of the State of Georgia presented in the State of Georgia Comprehensive Annual Financial Report and the issuance of a Statewide Single Audit Report pursuant to the Single Audit Act Amendments, as of and for the year ended June 30, 2004, we have performed certain audit procedures at the Georgia State Games Commission. Accordingly, the financial statements and compliance activities of the Georgia State Games Commission were examined to the extent necessary in order to express an opinion as to the fair presentation of the financial statements contained in the foregoing documents and to issue reports on compliance and internal controls as required by the Single Audit Act Amendments of 1996. This Management Report contains information pertinent to the financial and compliance activities of the Georgia State Games Commission as of and for the year ended June 30, 2004. The particular information provided is enumerated in the Table of Contents. This report is intended solely for the information and use of management of the State of Georgia and members of the Board and is not intended to be and should not be used by anyone other than these specified parties. Respectfully submitted, RWH:rmm SELECTED FINANCIAL INFORMATION GEORGIA STATE GAMES COMMISSION BALANCE SHEET JUNE 30, 2004 ASSETS Cash and Cash Equivalents FUND BALANCE Reserved Sponsorship and Participant Fees EXHIBIT"A" $ 16,396.33 $ 16,396.33 -1- GEORGIA STATE GAMES COMMISSION STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCE YEAR ENDED JUNE 30, 2004 EXHIBIT"B" REVENUES Other Revenues Retained EXPENDITURES Current: Culture and Recreation Personal Services Regular Operating Expenses Telecommunications Per Diem and Fees Total Expenditures Deficiency of Revenues Under Expenditures OTHER FINANCING SOURCES Operating Transfer In (Georgia Department of Natural Resources) Deficiency of Revenues and Other Financing Sources Under Expenditures FUND BALANCE - JULY 1 $ 210,174.35 $ 86,725.65 127,192.91 6,047.19 116,845.75 $ 336,811.50 $ -126,637.15 97,500.00 $ -29,137.15 45,533.48 FUND BALANCE - JUNE 30 $ 16,396.33 -2 -