Management report, Georgia Agrirama Development Authority, a component unit of the state of Georgia, year ended June 30, 1998

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MANAGEMENT REPORT GEORGIA AGRIRAMA DEVELOPMENT AUTHORITY A COMPONENT UNIT OF THE STATE OF GEORGIA
YEAR ENDED JUNE 30, 1998

STATE OF GEORGIA DEPARTMENT OF AUDITS AND ACCOUNTS
254 WASHINGTON STREET
ATLANTA, GEORGIA 30334-8400

GEORGIA AGRIRAMA DEVELOPMENT AUTHORITY MANAGEMENT REPORT - TABLE OF CONTENTS -

LETTER OF TRANSMITTAL

SECTION I

SELECTED FINANCIAL INFORMATION

EXHIBITS

A ANALYSIS OF CHANGES IN FUND BALANCE

BUDGET FUND

B SCHEDULE OF FUNDS AVAILABLE AND EXPENDITURES

COMPARED TO BUDGET

BUDGET FUND

2

C SCHEDULE OF OTHER REVENUES RETAINED

3

SECTION II AUDITEE'S RESPONSE TO PRIOR YEAR FINDINGS AND QUESTIONED COSTS SUMMARY SCHEDULE OF PRIOR YEAR FINDINGS AND QUESTIONED COSTS

CLAUDE L. VICKERS
STATE AUDITOR
(404) 656-2174

DEPARTMENT OF AUDITS AND ACCOUNTS
254 Washington Street, S.w., Suite 2 J4 Atlanta, Georgia 30334-8400
August 7, 1998

Honorable Zell Miller, Governor Members of the General Assembly of Georgia Members ofthe Georgia Agrirama Development Authority
and Honorable Teresa Veazey, Executive Director
Ladies and Gentlemen:
As part of our audit of the statutory basis financial statements of the State of Georgia presented in the Report ofthe State Auditor, the general purpose financial statements of the State of Georgia presented in the State ofGeorgia Comprehensive Annual Financial Report, and the issuance of a Statewide Single Audit Report pursuant to the Single Audit Act Amendments, as ofand for the year ended June 30, 1998, we have performed certain audit procedures at the Georgia Agrirama Development Authority. Accordingly, the financial statements and compliance activities of the Georgia Agrirama Development Authority were examined to the extent considered 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 control 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 Agrirama Development Authority as of and for the year ended June 30, 1998. The particular information provided is enumerated in the Table of Contents.
This report is intended solely for the use of management of the Georgia Agrirama Development Authority. However, this report is a matter of public record and its distribution is not limited.
Respectfully submitted,
d
Claude L. Vickers State Auditor
CLV:ds

SECTION I SELECTED FINANCIAL INFORMATION

GEORGIA AGRIRAMA DEVELOPMENT AUTHORITY ANALYSIS OF CHANGES IN FUND BALANCE BUDGET FUND YEAR ENDED JUNE 3D, 1998

EXHIBIT"A"

FUND BALANCE - JUNE 3D, 1998 SUMMARY OF FUND BALANCE
Reserved Inventories Restricted Funds
Unreserved Undesignated
- 1-

$ 114,276.98
$ 62,554.69 16,660.22 35,062.07
$ 114,276.98

GEORGIA AGRIRAMA DEVELOPMENT AUTHORITY SCHEDULE OF FUNDS AVAILABLE AND EXPENDITURES
COMPARED TO BUDGET BUDGET FUND
YEAR ENDED JUNE 30, 1998

EXHIBIT"B"

FUNDS AVAILABLE REVENUES
Other Revenues Retained CARRY-OVER FROM PRIOR YEAR
Transfer from Reserved Fund Balance

BUDGET

ACTUAL

VARIANCEFAVORABLE (UNFAVORABLE)

$ 1,508,217.00 $ 1,126,839.22 $

-381,377.78

0.00

106,706.09

106,706.09

EXPENDITURES Personal Services Regular Operating Expenses Travel Equipment Computer Charges Telecommunications Per Diem, Fees and Contracts Capital Outlay Goods For Resale
Excess of Funds Available over Expenditures

$ 1,508,217.00 $ 1,233,545.31 $ - - - --"27'4-,67-1-.6-9

$ 938,623.00 $ 830,781.71 $

201,667.00

136,294.09

4,000.00

1,890.08

7,660.00

7,167.06

7,500.00

3,770.09

7,500.00

6,932.90

45,425.00

44,913.44

175,842.00

9,897.92

120,000.00

77,662.41

107,841.29 65,372.91 2,109.92 492.94 3,729.91 567.10 511.56
165,944.08 42,337.59

$ 1,508,217.00 $ 1,119,309.70 $ --_---3:8.8",9'0-7-.3-0-

$ 114,235.61 $=====1.1.4.=,2=3=5=.6==1

-2-

GEORGIA AGRIRAMA DEVELOPMENT AUTHORITY SCHEDULE OF OTHER REVENUES RETAINED YEAR ENDED JUNE 30,1998
Contract Georgia Department of Agriculture
Gifts and Grants Restricted Funds Unrestricted
Sales Concession Stand Sales Country Store Sales Gate Receipts On - Site Manufactured Products Sales Drug Store Sales General Sales
Other Cash Over/Short Interest Earned Vendor's Compensation of Sales Tax Collections Other

EXHIBIT"C"
$ 735,704.00 3,163.55 5,325.62
15,878.18 105,790.88 188,432.14
13,721.43 35,286.65 19,842.58
100.48 3,186.11
382.60 25.00
$ 1,126,839.22

- 3-

SECTIONll AUDlTEE'S RESPONSE TO PRIOR YEAR FINDINGS AND QUESTIONED COSTS

GEORGIA AGRIRAMA DEVELOPMENT AUTHORITY AUDITEE'S RESPONSE
SUMMARY SCHEDULE OF PRIOR YEAR FINDINGS AND QUESTIONED COSTS YEAR ENDED JUNE 30, 1998

PRIOR YEAR FINANCIAL STATEMENT FINDINGS AND QUESTIONED COSTS

FINDING CONTROL NUMBER AND STATUS

FS-940-97-01

Previously Reported Corrective Action Implemented