Management report, Southwest Georgia Railroad Excursion Authority, a component unit of the state of Georgia, year ended June 30, 2002

SOUTHWEST GEORGIA RAILROAD EXCURSION AUTHORITY MANAGEMENT REPORT -TABLE OF CONTENTS-

LETTER OF TRAN SMITTAL

SELECTED FINANCIAL INFORMATION

EXHIBITS

A BALANCE SHEET

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

March 3, 2003

Honorable Sonny Perdue, Governor Members of the General Assembly of Georgia Members of the Southwest Georgia Railroad Excursion Authority
and Members of the State Transportation Board
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, 2002, we have performed certain audit procedures at the Southwest Georgia Railroad Excursion Authority. Accordingly, the financial statements and compliance activities of the Southwest Georgia Railroad Excursion 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 Southwest Georgia Railroad Excursion Authority as of and for the year ended June 30, 2002. 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 Board and is not intended to be and should not be used by anyone other than these specified parties.
Respectfully submitted,

RWH:mbr

SELECTED FINANCIAL INFORMATION

SOUTHWEST GEORGIA RAILROAD EXCURSION AUTHORITY BALANCE SHEET
ENTERPRISE FUND JUNE 30, 2002

EXHIBIT "A"

ASSETS
Cash and Cash Equivalents
Prepaid Items
Capital Assets Machinery and Equipment Less: Accumulated Depreciation

$

256,978.13

218,750.00

453,300.00 0.00

Unrestricted

NET ASSETS

$ ===92=9==,0=2=8=.1=3 $ ===92=9==,0=2=8=.1=3

-1-

SOUTHWEST GEORGIA RAILROAD EXCURSION AUTHORITY EXHIBIT "B" SCHEDULE OF REVENUES, EXPENSES AND CHANGES IN FUND NET ASSETS
ENTERPRISE FUND YEAR ENDED JUNE 30, 2002

OPERATING REVENUES. None Reported
OPERATING EXPENSES Regular Operating Expenses Travel Total Operating Expenses _Operating Income (Loss)
.NONOPERATING REVENUES (EXPENSES) None Reported Net income (Loss) Before Operating Transfers
OPERATING TRANSFERS Operating Transfers In Department of Community Affairs Department of Natural Resources Stone Mountain Memorial Association Total Operating Transfers Changes in Net Assets
TOTAL NET ASSETS - JULY 1, 2001

$

0.00

$

196,356.27

390.60

$

196 746.87

$

-196,746.87

0.00

$

-196?46.87

$

150,000.00

793,775.00

182,000.00

$

1,125,775.00

$

929,028.13

0.00

TOTAL NET ASSETS - JUNE 30, 2002

$ ===92=9=,0=2=8=.1=3

-2-