- Collection:
- Georgia Government Publications
- Serial:
- Review report, Georgia Music Hall of Fame Authority, a component unit of the state of Georgia year ended ...
- Title:
- Management report, Georgia Music Hall of Fame Authority, a component unit of the state of Georgia, year ended June 30, 2004
- Creator:
- Georgia. Dept. of Audits and Accounts
- Contributor to Resource:
- Georgia. Department of Audits and Accounts.
Georgia Music Hall of Fame Authority.
Georgia. Department of Audits. - Publisher:
- Atlanta, Ga. : Dept. of Audits and Accounts
- Date of Original:
- 2003/2004
- 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:
- Title fluctuates: Audits conducted "in accordance with generally accepted auditing standards" are issued as: Audit report; reviews that are "substantially less in scope than an audit in accordance with generally accepted auditing standards" are issued as: Review or Management report.
Report year covers fiscal year.
Issues for <1995>-1996 issued by the State of Georgia, Dept. of Audits, 1997- by the Dept. of Audits and Accounts.
June 30, 1995; title from cover.
Year ended June 30, 2004. - External Identifiers:
- Call Number GA A800 .R1 M88 2003-2004
- Metadata URL:
- https://dlg.galileo.usg.edu/id:dlg_ggpd_y-ga-ba800-b-pr1-bm88-b2003-h2004
- Digital Object URL:
- https://dlg.galileo.usg.edu/do:dlg_ggpd_y-ga-ba800-b-pr1-bm88-b2003-h2004
- Language:
- eng
- Holding Institution:
- University of Georgia. Map and Government Information Library
- Rights:
-
STATE OF GEORGIA
DEPARTMENT OF AUDITS AND ACCOUNTS
Russell W. Hinton State Auditor
MANAGEMENT REPORT GEORGIA MUSIC HALL OF FAME AUTHORITY A COMPONENT UNIT OF THE STATE OF GEORGIA
YEAR ENDED JUNE 30, 2004
GEORGIA MUSIC HALL OF FAME AUTHORITY MANAGEMENT REPORT -TABLE OF CONTENTS-
LETTER OF TRANSMITTAL
SELECTED FINANCIAL INFORMATION
EXHIBITS
A SCHEDULE OF NET ASSETS
ENTERPRISE FUND
1
B SCHEDULE OF REVENUES, EXPENSES AND CHANGES
IN FUND NET ASSETS
ENTERPRISE FUND
2
DEPARTMENT OF AUDITS AND ACCOUNTS
254 Washington Street, S.W., Suite 214
w. RUSSELL HINTON
STATE AUDITOR
(404) 656-2174
Atlanta, Georgia 30334-8400
February 10, 2005
Honorable Sonny Purdue, Governor Members of the General Assembly of Georgia Members of the Board of Directors of the Georgia Music Hall of Fame Authority
and Honorable Mike Beatty, Executive Director
Ladies and Gentlemen:
As part of our audit of 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, 2004, we have performed certain audit procedures at the Georgia Music Hall of Fame Authority. Accordingly, the financial statements and compliance activities of the Georgia Music Hall of Fame Authority 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 financial and compliance activities of the Georgia Music Hall of Fame Authority as of and for the year ended June 30, 2004. 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 Authority and is not intended to be and should not be used by anyone other than these specified parties.
Respectfully submitted,
Russell W. Hinton State Auditor
RWH:rmm
SELECTED FINANCIAL INFORMATION
GEORGIA MUSIC HALL OF FAME AUTHORITY SCHEDULE OF NET ASSETS ENTERPRISE FUND JUNE 30, 2004
EXHIBIT"A"
ASSETS
Current Assets: Cash and Cash Equivalents Other Receivables Inventories
Noncurrent Assets: Capital Assets Buildings Less: Accumulated Depreciation Machinery and Equipment Less: Accumulated Depreciation
Total Assets
LIABILITIES
Current Liabilities: Accounts Payable Due to Primary Government Georgia Department of Community Affairs Deferred Revenue
Total Current Liabilities
NET ASSETS
Invested in Capital Assets, Net of Related Debt Georgia Music Hall of Fame Authority Georgia Music Hall of Fame, Incorporated
Unrestricted Georgia Music Hall of Fame Authority Georgia Music Hall of Fame, Incorporated
$
987,813.30
6,000.70
56,757.44
6,589,979.76 (1,556,882.78)
119,497.58 (112,219.29)
$
6,090,946.71
$
20,673.15
74,659.11 7,370.00
$ _ _ _1_02--',_70_2_.2_6_
$
5,033,096.98
7,278.29
623,942.08 323,927.10
Total Net Assets
$
Note: The financial information presented on this exhibit contains financial activity of the Georgia Music Hall of Fame, Incorporated, a component unit of the Georgia Music Hall of Fame Authority.
5,988,244.45
- 1-
GEORGIA MUSIC HALL OF FAME AUTHORITY
EXHIBIT"B"
SCHEDULE OF REVENUES, EXPENSES AND CHANGES IN FUND NET ASSETS
ENTERPRISE FUND
YEAR ENDED JUNE 30, 2004
OPERATING REVENUES
Rents and Royalties Sales and Services Other
Total Operating Revenues
OPERATING EXPENSES
Services and Supplies Depreciation
Total Operating Expenses
Operating Loss
NONOPERATING REVENUES (EXPENSES)
Grants and Contributions Interest and Other Investment Income Other
Total Nonoperating Revenues (Expenses)
Changes in Net Assets
NET ASSETS-JULY 1
Adjustments Inclusion of Capital Assets and Depreciation (Net)
$
46,013.61
268,628.52
31,737.45
$ _ _ _34_6,:.__3_79_._58_
$
255,131.04
154,162.05
$ ___4..;.0.:.9,=2.:.93.:...:.09.:..
$ ___-_;;;6.=2!..9=-=,-13.=.:-=.5.:..1
$
41,125.00
6,229.36
-64,939.83
$ _ _ _-_1-'7,'--5_85_._47_
$
-80,498.98
887,371.90
5,181,371.53
NET ASSETS - JUNE 30
$==5=,9=8=8,==2=44==45=
Note: The financial information presented on this exhibit contains financial activity of the Georgia Music Hall of Fame, Incorporated, a component unit of the Georgia Music Hall of Fame Authority.
-2 -