Management report, Sapelo Island Heritage Authority, a component unit of the state of Georgia, year ended June 30, 1998

trA
A'tOo ,Ri SIS
IC111-1~
MANAGEMENT REPORT SAPELO ISLAND HERITAGE 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

SAPELO ISLAND HERITAGE AUTHORITY MANAGEMENT REPORT - TABLE OF CONTENTS -

LETTER OF TRANSMITTAL

SELECTED FINANCIAL INFORMAnON

EXHIBITS

A ANALYSIS OF CHANGES IN FUND BALANCE

BUDGET FUND

2

B SCHEDULE OF FUNDS AVAILABLE AND EXPENDITURES

BUDGET FUND

3

CLAUDE L. VICKERS
STATE AUDITOR
(404) 656-2174

DEPARTMENT OF AUDITS AND ACCOUNTS
254 Washington Street, S.w., Suite 214 Atlanta, Georgia 30334-8400
August 17, 1998

Honorable ZeIl Miller, Governor Members of the General Assembly of Georgia
and Members of the Sapelo Island Heritage Authority
Ladies and Gentlemen:
As part of our audit of the general purpose 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 ofand for the year ended June 30, 1998, we have performed certain audit procedures at the Sapelo Island Heritage Authority. Accordingly, the financial statements and compliance activities of the Sapelo Island Heritage 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 Sapelo Island HeritageAuthority as of and 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 Sapelo Island Heritage Authority. However, this report is a matter of public record and its distribution is not limited.

CLV:ds

Claude L. Vickers State Auditor

SELECTED FINANCIAL INFORMAnON

SAPELO ISLAND HERITAGE 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 over Expenditures Exhibit "B"
DEDUCTIONS Unreserved Fund Balance Carried Over from Prior Year as Funds Available
FUND BALANCE - JUNE 30,1998
SUMMARY OF FUND BALANCE Unreserved Undesignated

EXHIBIT "A"
$ 194,121.00 $ 5,723.73 $ 194,121.00 $ 5,723.73 $===5=,7:.=2=3=,7:=3

-2-

SAPELO ISLAND HERITAGE AUTHORITY SCHEDULE OF FUNDS AVAILABLE AND EXPENDITURES
BUDGET FUND YEAR ENDED JUNE 30. 1998

EXHIBIT"B"

FUNDS AVAILABLE REVENUES
Other Revenues Retained Contract Georgia Department of Natural Resources Rents
CARRY-OVER FROM PRIOR YEAR Transfer from Unreserved Fund Balance

$ 13,000.00
320.00
$ 13,320.00
194,121.00

$ 207,441.00

EXPENDITURES

PER DIEM, FEES AND CONTRACTS

Per Diem and Fees

CAPITAL OUTLAY

Extraordinary Expenditures Purchase of Land Deen, Janet E. Seiple, Mrs. George W.

1.05 Acres .3444 Acres

Total Expenditures

Excess of Funds Available over Expenditures

$ 1,334.50

$ 150,382.77 50,000.00

200,382.77

$ 201,717.27

5,723.73

$ 207,441.00

-3-