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MANAGEMENT REPORT LAKE LANIER ISLANDS 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 
 
 LAKE LANIER ISLANDS DEVELOPMENT AUTHORITY MANAGEMENT REPORT -TABLEOFCONTENTS- 
 
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 
 
3 
 
SECTIONll 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) 6562174 
 
DEPARTMENT OF AUDITS AND ACCOUNTS 
254 Washington Street, S.w., Suite 214 Atlanta, Georgia 30334-8400 
December 16, 1998 
 
Governor of the State of Georgia Members of the General Assembly of Georgia Members of the Lake Lanier Islands Development Authority 
and Honorable Frank Lee Smith, Executive Director 
Ladies and Gentlemen: 
As part of our audit of the general purpose fmancial statements of the State of Georgia presented in the Start' o/Georgia Comprehensive Annual Financial Report and the issuance of a Statewide Single Audit Rq)orr pursuant to the Single Audit Act Amendments, as of and for the year ended June 30, 1998, we have perfonncd certain audit procedures at the Lake Lanier Islands Development Authority. Accordingly, the financial statements and compliance activities of the Lake Lanier Islands 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 fmancial and compliance activities of the Lake Lanier Islands Development Authority as ofand 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 Lake Lanier Islands Development Authority. However, this report is a matter of public record and its distribution is not limited. 
Respectfully submitted, 
 
CLV:gp 
 
Claude L. Vickers State Auditor 
 
 SECTION I SELECTED FINANCIAL INFORMATION 
 
 LAKE LANIER ISLANDS DEVELOPMENT AUTHORITY ANALYSIS OF CHANGES IN FUND BALANCE BUDGET FUND YEAR ENDED JUNE 30, 1998 
FUND BALANCE - JULY 1, 1997 Unreserved 
ADDITIONS Excess of Funds Available lHlder Expenditures Exhibit "B" Reimbursement of Prior Year's Expenditures 
DEDUCTIONS Adjustments to Prior Year's Accounts Receivable 
FUND BALANCE - JUNE 3D. 1998 
SUMMARY OF FUND BALANCE Unreserved Designated Capital Project - Boat Safety Capital Project - Bridge Capital Project - Water Testing 
Undesignated 
 
EXHIBIT "A" 
$ 8,741,028.79 
$ -3,883,241.01 1,433.93 
$ -3,881,807,08 $ _ _5,,-,-,6~6=2.;..;;..0~0 $ 4,853,559.71 
$ 249,446.00 2,000,000.00 30,000.00 
$ 2,279,446.00 2,574,113.71 
$ 4,853,559.71 
 
- 1- 
 
 LAKE LANIER ISLANDS 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 
 
BUDGET 
 
ACTUAL 
 
VARIANCE FAVORABLE (UNFAVORABLE) 
 
$ 3,469,319.00.$ 3,855,165.34 $ _ _...;;3..:..85:.,.:..,84.:....;..;;.6..:...34_ 
 
EXPENDITURES 
Personal Services Regular Operating Expenses Travel Computer Charges Telecommunications Per Diem, Fees and Contracts Loan Repayment: 20-Year Loan Payment to Georgia State Financing and 
Investment Commission 
 
$ 165,349.00 $ 512,439.00 600.00 1,000.00 7,000.00 119,000.00 
2,663,931.00 
 
153,346.28 $ 635,190.21 
170.95 422.65 5,797.57 103,918.61 2,663,931.00 
 
0.00 
 
4,175,629.08 
 
12,00272 -122,75121 
42905 577 35 1.20243 15,081 39 
000 
-4,175,62908 
 
$ 3,469,319.00 $ 7,738,406.35 $ 
 
-4,269.087.35 
 
Excess of Funds Available under Expenditures 
 
$ -3,883,241.01 $ =====-3:1:,8=8=:3:0;;,2..4..1...;;;;;0,;,.1 
 
-2- 
 
 LAKE LANIER ISLANDS DEVELOPMENT AUTHORITY SCHEDULE OF OTHER REVENUES YEAR ENDED JUNE 30. 1998 
 
EXHIBIT"C" 
 
Hotel Occupancy Tax Interest Earned Rents 
KSL Lake Lanier, Incorporated Stouffer/Pinelsle Other Commissions Georgia Power Franchise Tax Liquor License 
 
$ 
 
584,842.86 
 
301,589.59 
 
$ 2,850,000.00 28,053.00 
 
2,878,053.00 
 
$ 
 
18,488.76 
 
36,694.13 
 
35,497.00 
 
90,679.89 
 
$ 3,855,165.34 
 
-3- 
 
 SECTION II AUDlTEE'S RESPONSE TO PRIOR YEAR FINDINGS AND QUESTIONED COSTS 
 
 LAKE LANIER ISLANDS 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-913-97-01 
 
Previously Reported Corrective Action Implemented