Department of Economic Development budgetary compliance report for the fiscal year ended June 30, 2010

Department of Economic Development
Budptary
Compliance Report
For the Fiscal Year Ended June 30,2010
Department of Audits and Accounts
Russell W. Hinton
State Auditor
State Government Division John A. Thornton, Director

DEPARTMENOTF ECONOMIDCEVELOPMENT BUDGETARCYOMPLIANCREEPORT
FORTHE FISCALYEARENDED.TUNE 30,2010
-TABLEOF CONTENT-S

Independent Accountant's Report ........................................................................................................ i

Statement of Funds Available and Expenditures Compared to Budget By Program and Funding Source
Budget Fund ............................................ . . . . . . . . . .

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DEPARTMEONF TAUDITSAND ACCOUNTS 270 Washington St S W. Suite 1 - 156 Atlanta. Georgia 30334
R u s s ~ rW. ~. HINTON
STATE AUDITOR
I404) 656-2174
1 hc I lonorablc. l f c i d ~G~ccliC. 'ommissioncr I>cp,i~-tmcn0l1 1:cunomic llc\ clopmcnt
~111~1
3'1c1iibers of' t l i ~Deyartmcnt 01' 1:conomic Ilc\ eIop111~1lt
Mr. John Culpcpper. Chairm~ln C'i\,il War Commission
We h a \ t cxiu~~liinotdhc Dcpartmen~01' I:coi~omicDei-clopment's compliance \\;ilh the 20 10 Ilppropri;~tio~Aisct. as a~nc'nclc~(lI.;inal Budcet) and Article VII. Scction 1V I'aragraph Vlll 01' ~ l i cC'cu~stitutionof tile State ol'(;eorgiit li)s lisciil JC;~I-clidcci . I L I ~ C 30. 3010. Also included in OLII c\;~mination\\.asthc lijlloi\ ing aclminisl~.litic\l! atti\cllcil ~ s g ; l ~ l i ~ ; l t\i~ul ~i o~s.cbuclyct \-\as i ~ ~ c l i ~ ~illl .cSiCl Y . I ~ O2I2~: 1i.ott0111i~~~) ~ ~ ~ ~ ~I ) L/~ /o) U~/ . I~/ ~ tI O( 1~I1~o/Il'ttll~c 2/0~I 0~: \ ,I ~ I C I ~ L ~ L ~ ..lpprop~-i:ttit,ns:let: C'i\ i l \\'L~CI.'c)m~.nission.
. \ ~ l i ~ ~ ~ a y c m1;)sc netach ol'thcsc organizations is responsible for their c o n ~ p l i ; ~ ~\i\c,icrh thc lbllo\\ing rcy ~~iscmcnts:
A n apl~rol-riatcdbi1cigc.t unit cannot o\~crspcntithcis nu~hosizcdbudgctccf univunts ;it ~ h c li~gcil/LJ\.LJ/ c~l'hz~c/gc~~ct,rol,:lc\i.o/!i'~~nciinsgouscc \\i~liinpl-ogt-aIn1. l'his Illcans that amollrlls rcllcctcil in thc "\.;~t-iitnrc"coluli~nunder thc 11c:iilirlg ol` Exprnditui-cs Co1111xtredt o 13ucIget 11.1 tlic o f . S i ~ i ~ o i ~ t c ~~ 'iI ~I If~ ( / ..)- / ~ , L I I /C~I I IIC // ?/ . ~/ Y~~ ) ~ J / ~ ~ / ~ I ~ I(I '. oO1, 7S 1 / ) ~ / 1 . ~ ~ 1 10 l j ~ ~ d , i i c/)~,I,cf1/.og/.cii~t( i f / [ /f,'i[~i(/ii!;.<SOZII*CY/ji~~/,yfc;1,t/11i/ ;II-L. liot rlcg;~ti\c \ ciria~~ccs.
.+*\r~icVlc11. Scction 1V P~~rc~gri\i:Ipllh ot'the C'onsti~utiono1'1llc Statc' ol'Cjcosgi:1 pro\,idcs. in part. ". ..the cscclil o1'1Iit.State shall not be plctlgcil o r loancd to any indil i c l ~ l i ~cl .onlpnn!. corpor:ition or association." . l s :ippiiccl hcrc. this incans th:~t amounts rcilcctcd in the "vari:tncr." colilmn undcs thc h c a d i ~oi I~'l<rccbs(L)ef'icic~~)co\ f' Funtls .-\~.i~il:tbOlcvct-/(I. ntlct-) I.:spcnditut-cs in the . S I ~ ! I C ' I I ~ 0L1J //I. 'I~ / I I c / . ) .I;.~~i/(lhclli'ic, /
61, I : . v j ; l ) ~ ~ ~ / ~i 'fo~/i~i ~~lp. t~u~.I .(~J~~I ;cI ~! L / : ~ L , I t'~,ogi.rll~Ll~ I It'~J 111dii1.;S<OIII.L.CI ~~ I I ~ / ~/ -L' ~JI II T ~L/II-C 1101
ncgali\ L, \.aricinci.s.

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Our examination was conducted in accordance with attestation standards established by the American Institute of Certified Public Accountants and, accordingly, include examining, on a test basis, evidence about the Department of Economic Development's and the Civil War Commission's compliance wit11 those requirements and performing such other procedures as we considered necessary in the circumstances. We believe that our examination provides a seasonable basis for our opinion. Our exalnination does not provide a legal determination on the aforementioned organization's compliance with the specified requirements; however, our report inay be useful to legal counsel or others in making such determina1l'ons.

In our opinion, the Department of Economic Development and the Civil War Commission complied, in all material respects, with the aforementioned requirements for the fiscal year ended June 30,2010.

A summary of our opinions on compliance for the Department of Economic Development and the Civil War Commission is as follows:

Organization
Depal-tment of Economic Development Civil War Commission

Unqualified Qualified Adverse Disclaimer Opinion Opinion Opinion (No Opinion) X X

A separate management report will be issued to the Board and management of the Department of Economic Development and the Civil War Comn~issiondisclosing other information pertinent lo the financial and compliance activities of the organization.

This report is intended solely for the information and use of the Board and management of the Department of Economic Development and the Civil Was Commission and rnanagement of the State of Georgia, including the Gouernol and the Georgia General Assembly. This report is not intended to be and should not be used by anyone other than thcsc specified parties. However. this report is a matter of public record and its distribution is not limited.

Respectfully submitted,

.

December 7,20 10

~ u s i e l Wl . Hinton, CPA, CGFM State Auditor

Department of Economic Development
Statement of Funds Available and Expenditures Compared to Budget By Program and Funding Source Budget Fund For the Fiscal Year Ended June 30,2010

Departmental Administration State Appropriation State General Funds
Business Recruitment and Expansion State Appropriation State General Funds Other Funds
Total Business Recruitment and Expansion
Film, Video and Music State Appropriation State General Funds
Innovation and Technology State Appropriation State General Funds
International Relations and Trade State Appropriation State General Funds
Small and Minority Business Development State Appropriation State General Funds Other Funds
Total Small and Minority Business Development
Tourism State Appropnat~on Stare General Funds Other Funds
Total Tourism
Payments to Aviation Hall of Fame State Appropriation State General Fundc
Payments ln Golf Hall or Fame State Appropriation State General Funds
Payments to Georgia Medical Center Authority State Appropriat~on State General Funds
Payments to Georgia Music Hall of Fame Authority State Appropriation State General Fonds

Original Approprialion

Amended Appropriation

Final Budget

Funds Current Year
Revenues

Department of Economic Development Statement of Funds Available and Expenditures Compared to Budget
By Program and Funding Source Budget Fund For the Fiscal Year Ended June 30,2010

Payments to Georgia Sports Hall of Fame Authority State Appropriation State General Funds
Civil War Commission State Appropriation State General Funds
Budget Unit Totals

Original Appropriation

Amended Appropriation

Final Budget

Funds Current Year
Revenues

Available Compared to Budget

Prior Year

Total

Carry-Over

Funds Available

Variance Positive (Negative)

Expenditures Compared to Budget

Variance

Actual

Positive (Negative)

Excess (Deficiencv) of Funds Availabie
Over/(Under) Expenditures