- Collection:
- Georgia Government Publications
- Serial:
- Audit report, Lake Lanier Islands Development Authority.
- Title:
- Management report, Lake Lanier Islands Development Authority, a component unit of the state of Georgia, year ended June 30, 2001
- Creator:
- Georgia. Dept. of Audits and Accounts
- Contributor to Resource:
- Georgia. Department of Audits and Accounts.
- Publisher:
- Atlanta, GA : Georgia. Dept. of Audits and Accounts, 2001
- Date of Original:
- 2000/2001
- Subject:
- Financial statements--Georgia
Auditors' reports--Georgia - Location:
- United States, Georgia, 32.75042, -83.50018
- Medium:
- state government records
- Type:
- Text
- Format:
- application/pdf
- Description:
- Report year covers fiscal year.
June 30, 2001; title from cover.
June 30, 2004. - External Identifiers:
- Call Number GA A800 .R1 L33 2000-2001
- Metadata URL:
- https://dlg.galileo.usg.edu/id:dlg_ggpd_y-ga-ba800-b-pr1-bl33-b2000-h2001
- Digital Object URL:
- https://dlg.galileo.usg.edu/do:dlg_ggpd_y-ga-ba800-b-pr1-bl33-b2000-h2001
- Language:
- eng
- Holding Institution:
- University of Georgia. Map and Government Information Library
- Rights:
-
LAKE LANIER ISLANDS DEVELOPMENT AUTHORITY MANAGEMENT REPORT - TABLE OF CONTENTS -
LETTER OF TRANSMmAL SELECTED FINANCIAL INFORMATION
EXHIDITS A ANALYSIS OF CHANGES IN FUND BALANCE BUDGET FUND B SCHEDULE OF FUNDS AVAILABLE AND EXPENDITURES COMPARED TO BUDGET BUDGET FUND C SCHEDULE OF OTHER REVENUES RETAINED
Page
1
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RUSSELL W. HINTON
STATE AUDITOR
(404) 656-2174
DEPARTMENT OF AUDITS AND ACCOUNTS
254 Washington Street, S.w., Suite 214 Atlanta, Georgia 30334-8400
December 17,2001
Honorable Roy E. Barnes, Governor 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 ofour audit ofthe general purpose financial statements ofthe State ofGeorgia presented in the State ofGeorgia Comprehensive Annual Financial Report and the issuance ofa Statewide Single Audit Report pursuant to the Single Audit Act Amendments, as of and for the year ended June 30, 2001, we have performed 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 financial and compliance activities of the Lake Lanier Islands Development Authority as of and for the year ended June 30,2001. The particular information provided is enumerated in the Table of Contents.
This report is intended solely for the information and use ofmanagement ofthe Lake Lanier Islands 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,
RWH:as
Rus ell W. Hinton
State Auditor
SELECTED FINANCIAL INFORMATION
LAKE LANIER ISLANDS DEVELOPMENT AUTHORITY ANALYSIS OF CHANGES IN FUND BALANCE BUDGET FUND YEAR ENDED JUNE 3D, 2001
EXHIBIT "A"
FUND BALANCE - JULY 1, 2000 Unreserved
ADDITIONS Excess of Funds Available over Expenditures Exhibit "B"
DEDUCTIONS None recorded
FUND BALANCE - JUNE 30, 2001
SUMMARY OF FUND BALANCE Unreserved Designated Capital Projects - Boat Safety Capital Projects - Bridge Capital Projects - Golf Course at Richard B. Russell State Park
Undesignated
$ _ _....;5~,;:;.;86::..;40~,:.::2~4.~0..:..1
$ _ _...:2::.z;,2:::.:0~5:.t.:7,..;.1...:.;1.~92::..
$
~O.:..::;O.::..O
$ ==....;8;;J,,'0;;;,;6;,;;;9.07,;,'.;;3;;;,;5'.;.93;;;.
$
105,000.00
1,956,819.60
3,987,687.17
$
6,049,506.77
2,020,229.16
$
8,069,735.93
- 1-
LAKE LANIER ISLANDS DEVELOPMENT AUTHORITY SCHEDULE OF FUNDS AVAILABLE AND EXPENDITURES
COMPARED TO BUDGET BUDGET FUND
YEAR ENDED JUNE 30, 2001
EXHI,BIT "B"
FUNDS AVAILABLE REVENUES
Other Revenues Retained
EXPENDITURES Personal Services Regular Operating Expenses Travel Computer Charges Real Estate Rentals Telecommunications Per Diem, Fees and Contracts Capital Outlay Loan Repayment: 20-Year Loan
Excess of Funds Available over Expenditures
BUDGET
ACTUAL
VARIANCE FAVORABLE (UNFAVORABLEL
$ 2,111,890.00 $ 4,478,763.16 $ _ _2..:.;;,3..;;.66"'-',.;;.,;87....;;.3_.1~6
$ 205,967.00 $ 193,479.21 $
429,097.00
600,600.54
0.00
4.00
0.00
129.95
17,477.00
17,546.28
5,950.00
4,352.57
121,468.00
6,226.86
0.00
118,780.83
1,331,931.00 1,331,931.00
12,487.79 -171,503.54
-4.00 -129.95
-69.28 1,597.43 115,241.14 -118,780.83
0.00
$ 2,111,890.00 $ 2,273,051.24 $
-161,161.24
--.......;..;;..;...:..;....;;".,;..;~
$ 2,205,711.92 $ ==.....;2.,2=:0..5.01:0,7..1..1...=92;;;;,
-2-
LAKE LANIER ISLANDS DEVELOPMENT AUTHORITY SCHEDULE OF OTHER REVENUES RETAINED YEAR ENDED JUNE 30, 2001
EXHIBIT "C"
Hotel Occupancy Tax Interest Earned Rents
KSL Lake Lanier, Incorporated Other
Commissions Georgia Power Franchise Liquor License
$
581,855.93
520,574.43
3,240,213.41
$
16,780.30
83,339.09
36,000.00
136,119.39
$ 4,478,763.16
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