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 ............................................ . . . . . . . . . . 
 
. .. . . . . 1 
 
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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