DEPARTMENT OF INDUSTRY, TRADE AND TOURISM MANAGEMENT REPORT -TABLE OF CONTENTS- 
 
LETTER OF TRANSMITTAL 
 
SELECTED FINANCIAL INFORMATION 
 
EXHIBITS 
 
A ANALYSIS OF CHANGES IN FUND BALANCE 
 
BUDGET FUND 
 
1 
 
B SCHEDULE OF FUNDS AVAILABLE AND EXPENDITURES 
 
COMPARED TO BUDGET 
 
BUDGET FUND 
 
2 
 
 DEPARTMENT OF AUDITS AND ACCOUNTS 
 
254 Washington Street, S.W., Suite 214 
 
RUSSELL W. HINTON 
STATE AUDITOR (404) 656-2174 
 
Atlanta, Georgia 30334-8400 
 
November 21, 2002 
Honorable Roy E. Barnes, Governor Members of the General Assembly of Georgia Members of the Board of Industry, Trade and Tourism 
and 
Honorable R. K. Sehgal, Commissioner 
Department of Industry, Trade and Tourism 
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 of the State Auditor, 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, 2002, we have performed certain audit procedures at the Department of Industry, Trade and Tourism. Accordingly, the financial statements and compliance activities of the Department of Industry, Trade and Tourism 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 final'\cial and compliance activities of the Department of Industry, Trade and Tourism as of and for the year ended June 30, 2002. 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:cdp 
 
 SELECTED FINANCIAL INFORMATION 
 
 DEPARTMENT OF INDUSTRY, TRADE AND TOURISM ANALYSIS OF CHANGES IN FUND BALANCE BUDGET FUND YEAR ENDED JUNE 30, 2002 
 
EXHIBIT "A" 
 
FUND BALANCE - JULY 1, 2001 Reserved Surplus 
ADDITIONS Adjustments to Prior Year's Accounts Payable Excess of Funds Available over Expenditures Exhibit "B" Increase in Reserve for Inventories Repayments From Georgia Ports Authority General Obligation Bond Repayments 
DEDUCTIONS Unreserved Fund Balance (SurplUS) Returned to Office of Treasury and Fiscal Services Year Ended June 30,2001 Year Ended June 30,2002 
FUND BALANCE - JUNE 30, 2002 
SUMMARY OF FUND BALANCE Reserved . Inventories Surplus Regular Tobacco Settlement Funds 
 
$ 
 
848,602.94 
 
473,890.09 
 
$ 
 
1,322,493.03 
 
$ 
 
206,093.85 
 
227,394.66 68,196.06 
 
425,000.00 
 
$ 
 
926,684.57 
 
$ 
 
473,890.09 
 
1,224,799.00 
 
$ 
 
1,698,689.09 
 
$===,;,;55=0~,4=8=8=.5",;.1 
 
$ 
 
..:..11.:..:7..J.;'0:.;:0;.=:0;.;:.0~0 
 
$ 
 
433,488.51 
 
0.00 
 
$ 
 
. :. 43; ;.;3",-,4.;.;:8;.;:;8,;.; .5. .;. 1 
 
$ 
 
550,488.51 
 
- 1- 
 
 DEPARTMENT OF INDUSTRY, TRADE AND TOURISM SCHEDULE OF FUNDS AVAILABLE AND EXPENDITURES 
COMPARED TO BUDGET BUDGET FUND 
YEAR ENDED JUNE 3D, 2002 
 
EXHIBIT liB" 
 
FUNDS AVAILABLE 
REVENUES 
Slate Appropriation Other Revenues Retained 
 
BUDGET 
 
ACTUAL 
 
VARIANCEFAVORABLE (UNFAVORABLE) 
 
$ 62,750,936.00 $ 62,750,936.00 $ 
 
425,000.00 
 
0.00 
 
0.00 (425,000.00) 
 
$ 63,175,936.00 $ 62,750,936.00 $_---l(..:.:42:.:5~,O:.::.00::.:..:..:00~) 
 
EXPENDITURES 
Personal Services RegUlar Operating Expenses Travel Motor Vehicle Purchases Equipment Computer Charges Real Estate Rentals Telecommunications Per Diem and Fees Contracts Local Welcome Center Contracts Marketing Georgia Ports Authority Lease Rentals Waterway Development in Georgia One Georgia Fund 
 
$ 12,386,189.00 $ 1,214,450.00 618,806.00 20,000.00 62.597.00 391,336.00 825,323.00 442,215.00 124,700.00 933,490.00 250,600.00 11,299,553.00 425,000.00 50,000.00 
34,131,677.00 
 
12,222,317.92 $ 1,210,782.84 594,514.94 19,722.00 61,295.55 390,466.00 816,045.17 429,596.99 124,553.45 930,130.16 244,600.00 
11,297,839.32 0.00 
50,000.00 34,131,677.00 
 
163,871.08 3,667.16 
24,291.06 278.00 
1,301.45 870.00 
9,277.83 12,618.01 
146.55 3,359.84 6,000.00 1,713.68 425,000.00 
0.00 0.00 
 
$ 63,175,936.00 $ 62,523,541.34 $ _ _-=6~52::..:.,3.:..:9:..:.4:..::.6.::..6 
 
Excess of Funds Available over Expenditures 
 
$ 
 
227,394.66 $ ===2~2~7".;,3;,;;9;;4,;,;;.6;;;;.6 
 
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