Management report, Sapelo Island Heritage Authority, a component unit of the state of Georgia, year ended June 30, 1999

MANAGEMENT REPORT SAPELO ISLAND HERITAGE AUTHORITY A COMPONENT UNIT OF THE STATE OF GEORGIA
YEAR ENDED JUNE 30, 1999
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 INFORMATION

EXHIBITS

A ANALYSIS OF CHANGES IN FUND BALANCE

BUDGET FUND

1

B SCHEDULE OF FUNDS AVAILABLE AND EXPENDITURES

BUDGET FUND

2

w. RUSSELL HINTON
STATE AUDITOR
(404) 656-2174

DEPARTMENT OF AUDITS AND ACCOUNTS
254 Washington Street, S.W., Suite 214 Atlanta, Georgia 30334-8400
October 18, 1999

Honorable Roy E. Barnes, 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 ofthe 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, 1999, 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 Heritage Authority as of and for the year ended June 30, 1999. 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 Sapelo Island Heritage 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,
J ~ ~-.a2l<l. Russell W. Hinton State Auditor
RWH:gp

SELECTED FINANCIAL INFORMATION

SAPELO ISLAND HERITAGE AUTHORITY ANALYSIS OF CHANGES IN FUND BALANCE
BUDGET FUND YEAR ENDED JUNE 30, 1999
FUND BALANCE - JULY 1, 1998 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, 1999
SUMMARY OF FUND BALANCE Unreserved Un designated

EXHIBIT"A"

$

5,723.73

$

3,286.98

$

5,723.73

$ =====3::l::,2=8=6=.9=8

$ ======3=,2=8=6=.9=8

-1-

SAPELO ISLAND HERITAGE AUTHORITY SCHEDULE OF FUNDS AVAILABLE AND EXPENDITURES
BUDGET FUND YEAR ENDED JUNE 30, 1999
FUNDS AVAILABLE REVENUES
Other Revenues Retained Real Estate Tax Revenue Rents
CARRY-OVER FROM PRIOR YEAR Transfer from Unreserved Fund Balance
EXPENDITURES REGULAR OPERATING EXPENSES
Extraordinary Expenditures Property Tax
PER DIEM, FEES AND CONTRACTS Per Diem and Fees Total Expenditures
Excess of Funds Available over Expenditures

EXHIBIT "Bn

$

16.51

320.00

$

336.51

5,723.73

$ ==6::::!:,0=6=0=.2=4

$

505.00

2,268.26

$

2,773.26

3,286.98

$ ==6=,0=6=0=.24==

-2-