Management report, Georgia Agrirama Development Authority, a component unit of the state of Georgia,year ended June 30, 1999

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MANAGEMENT REPORT GEORGIA AGRIRAMA DEVELOPMENT AUTHORITY A COMPONENT UNIT OF THE STATE OF GEORGIA
YEAR ENDED JUNE 30, 1999
STATE OF GEORGIA DEPARTMENT OF AUDITS AND ACCOUNTS
254 WASHINGTON STREET
ATLANTA, GEORGIA 30334-8400

GEORGIA AGRIRAMA DEVELOPMENT AUTIIORITY MANAGEMENT REPORT - TABLE OF CONTENTS -

LETTER OF TRANS:MITTAL

SELECTED FINANCIAL INFORMATION

EXHIBITS

A ANALYSIS OF CHANGES IN FUND BALANCE

BUDGETFUND

1

B SCHEDULE OF FUNDS AVAILABLE AND EXPENDITURES

COMPARED TO BUDGET

BUDGET FUND

2

C SCHEDULE OF OTHER REVENUES RETAINED

3

D RECONCILIATION OF SALARIES

4

w. RUSSELL HINTON
STATE AUDITOR
(404) 656-2174

DEPARTMENT OF AUDITS AND ACCOUNTS
254 Washington Street, S.W., Suite 214 Atlanta, Georgia 30334-8400
December 1, 1999

Honorable Roy E. Barnes, Governor Members ofthe General Assembly of Georgia Members ofthe Georgia Agrirama Development Authority
and Honorable Kimberly M. Littleton, Executive Director
Ladies and Gentlemen:
As part of our audit of the statutory basis financial statements of the State of Georgia presented in the State of Georgia 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 of and for the year ended June 30, 1999, 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, 1999. 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 Georgia Agrirama Development Authority and members of the Authority and is not intended to be and should not be used by anyone other than these specified parties.
Respectfully submitted,
~w.41~ Russell W. Hinton State Auditor
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SELECTED FINANCIAL INFORMATION

GEORGIA AGRIRAMA DEVELOPMENT AUTHORITY ANALYSIS OF CHANGES IN FUND BALANCE BUDGET FUND YEAR ENDED JUNE 30, 1999
FUND BALANCE - JULY 1, 1998 Reserved Unreserved
ADDITIONS Excess of Funds Available over Expenditures Exhibit "B" Reimbursement of Prior Year Expenditures
DEDUCTIONS Fund Balance Carried Over from Prior Year as Funds Available Reserved Unreserved
FUND BALANCE .,. JUNE 30, 1999
SUMMARY OF FUND BALANCE Reserved Inventories Restricted Funds
Unreserved Undesignated

EXHIBIT"A"
$ 79,214.91
35,062.07
$ 114,276.98
$ 112,799.17
855.00
$ 113,654.17
$ 79,214.91
35,062.07
$ 114,276.98
$ 113,654.17
$ 52,418.19 40,460.22
$ 92,878.41 20,775.76
$ 113,654.17

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GEORGIA AGRIRAMA DEVELOPMENT AUTHORITY SCHEDULE OF FUNDS AVAILABLE AND EXPENDITURES
. COMPARED TO BUDGET BUDGET FUND
YEAR ENDED JUNE 30, 1999

EXHIBIT "B" .

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

BUDGET

ACTUAL

VARIANCEFAVORABLE (UNFAVORABLE)

$ 1,649,309.00 $ 1,307,524.48 $

-341, 784.52

0.00

114,276.98

114,276.98

$ 1,649,309.00 $ 1,421,801.46 $ _ _..;;-2~27;..:.,5;;_;0;.,;_7;.;;..54~

EXPENDITURES
Personal Services Regular Operating Expenses Travel Equipment Computer Charges Telecommunications Per Diem, Fees and Contracts Capital Outlay Goods for Resale Year 2000 Project

$ 954,151.00 $ 916,592.73 $

196,667.00

153,461.13

4,000.00

3,794.35

8,000.00

10,718.85

9,500.00

6,544.17

7,900.00

7,808.91

142,000.00

40,516.29

198,027.00

60,215.40

120,000.00

100,286.46

9,064.00

9,064.00

37,558.27 43,205.87
205.65 -2,718.85 2,955.83
91.09 101,483.71 137,811.60
19,713.54 0.00

Excess of Funds Available over Expenditures

$ 1,649,309.00 $ 1,309,002.29 $ - - - -3-4-0,3'0-6.-71-
$ 112,799.17 $===1=12='=79=9=.1=7

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GEORGIA AGRIRAMA DEVELOPMENT AUTHORITY SCHEDULE OF OTHER REVENUES RETAINED YEAR ENDED JUNE 30, 1999
Contracts 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 Interest Earned Vendor's Compensation of Sales Tax Collections

EXHIBIT "C"
$ 853,731.00 23,800.00 34,420.48 10,361.47
111,079.13 193,137.40
10,820.37 36,498.43 29,625.24
3,529.23 521.73
$ 1,307,524.48

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. GEORGIA AGRIRAMA DEVELOPMENT AUTHORITY RECONCILIATION OF SALARIES YEAR ENDED JUNE 30, 1999

Total per Annual Supplement

Adjustments Minthorn, Veazey, West,

Mary F. Teresa C. Christi

EXHIBIT "D"
$ 678,781.10 1,451.47 2,971.76 1,876.00
$ 685,080.33

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