2000 annual report [2000]

Mission Statement "" Director's Report

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GWCC Revenue

,,,,,,,,,,,,,,,,,,,6

GWCC Expense,

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GWCC Bookings & Event Attendance '" Phase IV Expansion""""",,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,, GWCC Direct Benefit to Georgia",

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GWCC Economic Impact""""",

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Georgia Dome Revenue ",,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,14

Georgia Dome Expense """",,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,15

Georgia Dome Event Attendance & Economic Impact..""",,,,,,,,,,,,,,,,,,,,16

Super Bowl Attendance Economic Impact..""""",

,,,,,,,,,,,,,,,,,,17

Centennial Olympic Park Revenue "",,",,",,",,"

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Centennial Olympic Park Expense ""

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Human Resources Report ",,",,',,",,"

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Authority Balance Sheet ,,",,'''''''''''',

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Authority Board of Governors" ",,",,",",,",,",,",,",,"

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MiSSion: The State ofGeorgia established the Georgia
World Congress Center Authority to develop and operate the Georgia World Congress Center, the Georgia Dome, Centennial Olympic Park and related facilities, These facilities exist for the primary purpose of promoting and facilitating events and activities that generate economic benefits to the citizens of the State of Gemgia and the City of Atlanta as well as enhance the overall quality of life for every Georgian,
Vision: Our vision is to constantly earn our reputation as one of the world's finest convention, sports and entertainment venues, Every day we exemplify our steadfast commitment to excellence in our expertise, efficiency and quality of service, Our vision is to lead our industry through innovation; to operate successfully in an ethical manner; to satisfy our customers' expectations with motivated service-oriented employees; to provide a safe, clean environment; and to foster both the personal and professional growth of our people,
Values: To achieve our vision, we make our customers the focus of all we do, We take pride in providing friendly and courteous service to our guests and customers. We strive constantly to improve productivity and to promote the best interests of the Georgia World Congress Center, the Georgia Dome and Centennial Olympic Park.

Director's Report

By any measure, fiscal 2000 was a significanf year of growl!
and development for the Georgia World Congress Center Authority, Construction of the Phase IV addition to the Congress Center has begun. This 1.4 million square-foot expansion represents an almost 50 percent increase in the size and capacity of the facility. As we enter the new millennium, Phase IV will provide the foundation for GWCC's continued contribution to economic development in Georgia.

Fiscal 2000 saw both the GWCC and Georgia Dome continue to show strong revenues and profitability. More than 4 million visitors attended over 500 events at the GWCC, Dome and Centennial Olympic Park.

This year brought continued record growth in the trade show and meeting business, as well as for facilities used to host these events nationwide. Along with the GWCC, many of our competitors undertook expansion construction, opened new facilities or announced plans for future growth, To maintain our market share, our plans include not oQly the dramatic increase of our physical plant in Phase IV, but also the pro-active n~cruitmendrainlng and retention of our workforce, .

dJt,!d~~fer,insucc.e~s,is firmly anchored in our abilitY)lOt only to

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, :~aCcor#iti~a\atlh~e physical growth of our client events, but also to

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.:exceed';fheirexpectations of service. We recognize it is the dedication

'~~i th~ hundt~ds of meri'";nd women who work for .the Authority that

maintains our position as a world-class hospitalitY.Jndustry leader.

, ~;~1~4,"." ':':~l~ I" 'w~.,4f'. '~(

t?~ B~setti~~~\~5J~.ndards

.PI~~t::rd ~~r~onnel p1~~rm~\e, we

Will contlnue10;make a slgnlflcanf.contnbutlon

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and enhance o'trLstate's imagei"'",:~,:

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to Ge@rgla's e,conom
~ .oIi.'

Sincerely,

'~~I'~ l',~

Georgia World Congress Center

1e Georgia World Congress Center enjoyed a strong financial
performance in fiscal 2000. We generated operating revenue of $35,747,428, a net gain of $9,379,870, and new tax revenues of over $103,000,000, Trade show attendance remains strong, while gains realized from a dramatic rise in corporate events produced a 26 percent increase in food and beverage revenues over the previous year,
The foundations of Phase IV expansion have been poured and the outline of this newest addition is beginning to rise from Georgia's red clay. Events representing over 1,000 days of committed activities from 2002 through 2008 - are already on the books for Phase IV
Staffing, training and development plans were further refined in fiscal 2000, with an eye toward the gradual addition of significant personnel before the opening of Phase IV Our goal is to maintain our reputation as one of the nation's most customer-focused convention centers, as we grow into larger facilities.

A total of 51 major trade shows called the Congress Center home in fiscal 2000. Show managers routinely identify several reasons for selecting the Congress Center as a preferred venue. These include 950,000 square feet of prime exhibit space, the facility's telecommunications capability,
exemplary food service and an experienced workforce with a reputation for problemsolving and hospitality.
Beyond the campus, event planners enjoy the facility's proximity to over 10,000 downtown hotel rooms and the city's transportation options - Hartsfield International Airport, MARTA, Interstate Highways 20, 15 and 85. Also, the city is noted among businessconscious visitors for its numerous dining and entertainment options,

A variety of groups staged 218 non-exhibit events at the Congress Center this year. They included product launches, sales meetings, news conferences, receptions, seminars, graduations, pageants and recitals,
5

1eGeorgia World Congress Center's primary sources of operating
revenue continue to be rent, utility services and food service, which together made up 72 percent of our operating revenue.
Parking revenue rose 9 percent over last year while the hotel/motel tax was 5 percent higher than fiscal 1999. Other revenues were up 28 percent over last year.
Non-operating revenue includes City of Atlanta and Fulton County hotel/motel tax revenues, which are dedicated to the Atlanta Convention and Visitors Bureau,

Congress Center 2000 Revenue Statement

Operating Revenue

Rent

Exhibit Utility Services

Food Service

Parking

,

Hotel/Motel Tax

,

Other

"

Subtotal

,

"

" ,
,

13,112,351 6,568, 179 6, 158, 155 ,.2,745,962
,., 4,009,294 3,153,487
35,747,428

Non-operating Revenue

Transfer from Reserve Contributed Equipment

Subtotal

Hotel/Motel Tax (ACVB)

Total

,

,

" 2,360,389

296, 799

,

2,657,188

" 9,357,793 , $ 47,762,409

Rent 37% ---.

Operating Revenue

Exhibit Utility Services 18%
Food Service 17%

Other 9%

"-I .......

" ","

Parking 8%

Hotel/Motel Tax 11%

The Congress

Congress Center 2000 Expense Statement

Operating Expense

Personal Services .,

Regular operating .. ,

Equipment

Contract/Fees

,

Other

Subtotal

,"',

, ,
" ,

,,', 15,655,565 ,., 5,964,372 , 210,758 , 2,178,276 1, 126,862
25,135,833

Non-operating Expense

Contribution to Centennial Olympic Park Capital Improvements and Projects

1,484,770

""

2,404, 143

Subtotal " ..,"',

,.. ,

3,888,913

Hotel/Motel Tax

, 9,357,793

Total

$ 38,382,539

Net Gain ,""",." , , ,.., , , ,.., ,.., ,

9,379,870

Major trade shows and corporate convention meetings in the World Congress Center this year included National Business Aviation, International Poultry Exposition, the Super Show, Anheuser Busch, Ace Hardware, American Urological Association, SUPERCOMM, Networld+lnterop, American Heart Association and International Association of Amusement Parks and Attractions,
Operating Expense

Personal Services 62% --,

Regular Operating 24%
- Equipment/Contracts & Fees 10%

7

Exhibit Hall Days

Congress Center 2000 Attendance

1e Georgia World Congress Center measures bookings in terms of Exhibit Hall Days for each of three exhibit hall groupings: ABC, DEF and GH. For our Phase IV expansion opening in 2002, we have added a fourth grouping: JKLM.
One "Exhibit Hall Day" is equivalent to all space booked in either Halls ABC, Halls DEF or Halls GH for one full day.
"Practical Maximum Bookings" is equivalent to all exhibit hall space booked at capacity for 285 days of the year, This number takes into account national holidays and seasonal slow periods, plus an average loss of three days per month for inherent scheduling gaps between major events.

715,914 "

,

479,450

272,718

"

1 ,468,082

51 Major Trade Shows & Conventions 28 Public/Consumer Shows 218 Meetings, Corporate Events and Others' ,..Total Attendance**

* Includes fashion shows, licensing exams, graduations, sports events, concerts, and other periorming arts productions. Includes events that also used Georgia Dome space.

Of the 1,468,082 people who attended 297 events, an estimated 814,792 came from out-of-state, Based on an average stay of 3.4 days for out-of-state visitors, the Georgia World Congress Center Total Daily attendance came to 3,423,583 for fiscal 2000.

Total Out-of-State Attendance Total Daily Attendance

"

".................... 814,792

",

3,423,583

Days Booked 300
285250
200

Congress Center Exhibit Hall Bookings
Practical Maximum

HalisABC Halls DEF Halls GH Halls JKLM

150

100

50

0

L.

-1999

2000

2001

2002

8

2003

2004

Phase IV
On track for an August 2002 opening, the Phase IV expansion of
the Georgia World Congress Center has rapidly drawn great reviews, Over 200 events have already booked space and dates in this exciting addition,
A key architectural feature of Phase IV will be the 1 ,OOO-foot-iong, 85foot-high entrance and registration concourse, large enough to shelter an ocean liner, fronting Northside Drive, Phase IV expansion facilities will also include:
420,000 gross square feet of contiguous exhibit space divisible into four halls.
A 27,000-square foot ballroom.
3,5-acre landscaped plaza.
350-car covered parking deck.
29 meeting rooms, totaling 75,000 square feet and including two fixed-seat auditoriums.
Covered bus drop-off along the 1 ,OOO-foot entrance concourse.
Restaurants, banking services, business center, transportation and visitor information center and retail store.

Phase IV construction includes:
82,000 cubic yards of concrete, enough to pour a sidewalk 325 miles long
26.5 miles of gas, compressed air, water, sewer and storm pipes
16,000 sprinkler heads
21,400,000 pounds of structural steel, the weight of 5,521 Ford Explorers
5,500 tons of coolant, enough to cool over 1,100 homes for a year
650 miles of electrical wire

Congress Center Direct Benefit to Georgia

Net Profit to State of Georgia in Millions

Total Expense

Total Revenue

Debt Service Expense Operating Expenses

Tax Revenue Operating Revenue

.... --"

1jU---~--~~~~-----------------~--~-~~~-~~--~~~~--------~

125-----

120----

115 110-------------

105----

100 95 ----,

,-------- --,--

90

85

. 80

75

70

65 60

55

50 45

40

35

30 25

20 15 10

5
O--- ......~
FY 91 $26.2

FY 92 $13.4

FY 93 $37.6

FY 94 $34.2

FY 95 $47.4

FY 96 $23.2

FY97 $44.3

FY 98 $39,9

FY99 $44.8

FY 00 $47.1

10

Congress Center Estimated 2000 Economic Impact

GWCC Activity

"New Dollar" Impact*

Total Economic Impact...

Personal Income

""

Employment...........

872,642,232

1,954,718,600

" ", " .."

619,575,985

32,834

Taxes

Georgia Sales....

Local

Hotel/Motel............................................................................

Personal Income ",

,..,.,

50,236,268 15,149,069 15,344,541 ,. 22,610,160

Total

$ 103,340,038

Two-Year Economic Summary

1999

"New Dollars" Generated Total Impact of "New Dollars"

772,542,288 1,730,494,725

Tax Revenues

State Local.................. Hotel/Motel.......

,"

,..".,. 64,490,285

13,411 ,334

13,584,384

Total "", .., , , , ,.., ,.. , ,.., $ 91,486,003

2000 872,642,232 1,954,718,600
72,846,428 15,149,069 15,344,541 $ 103,340,038

Recent economic impact studies estimate visitor spending for trade show and conventions, as well as major corporate meetings, is $315 per event day

11

The Georgia Dome
1e Georgia Dome experienced another successful year with a
more than $2 million increase in revenues over fiscal 1999. Starting with the Super Bowl, the Dome enjoyed an entertaining mix of events throughout the year,
One of the hottest "boy bands," the Backstreet Boys set a tour attendance record with their performance before 70,000-plus screaming youngsters in early 2000, Football fans were not disappointed when the Dome hosted the SEC Football Championship, McDonald's Heritage Bowl, Chick-Fil-A Peach Bowl and the Georgia High School Football Association Championships, In addition, almost a half-million fans attended Atlanta Falcons football games,
The crowning Dome event was unquestionably Super Bowl XXXIV As always, this was more than a football game; it was a major marketing opportunity. Viewed in over 43 million homes worldwide, the telecast from the Dome ranked as the fifth most-watched program in history.
The year did not stop with football's greatest event. Supercross, the Fox Ultimate Oldies concert, the Metallica concert, WCW Wrestling, several religious gatherings and numerous corporate events and trade shows made the Georgia Dome their home or preferred stop during a national tour,

The Georgia Dome offers its Executive Club Seat and Suite owners more that just a great view. MGR Food Services, the exclusive food-and-beverage provider for the Dome, sets the standard for contemporary cuisine. In addition, Executive Members are treated throughout the year to first-option access to ticketed events in the Dome, Golf outings and reserved seating at concerts and theatrical performances throughout the city round out the entertainment options for these Dome VIPs,

13

A mainstay of the Dome's regional events is the annual SEC Men's Basketball Championships. Once again, enthusiastic crowds cheered on their favorite college teams,
Hotel/Motel Tax 34%

lal operafing revenues were up 10 percent over fiscal year
1999, Included in this number were gains of 6,6 percent in Licensing Fees. In the non-operating revenue category, hotel/motel tax increased 5 percent.
On the expense side, the Dome reported a one-time charge of $7.3 million for additional debt service and costs related to refinancing the Dome's revenue bonds. Future debt service and related costs will be reduced by over $3.9 million per year, resulting in a total savings of an estimated $78 million over the life of the new bonds,

Georgia Dome 2000 Revenue Statement

Operating Revenue

Rent , ,., ,..,.." ,.".".". """"""" ,.,' , , , .4,349,849

Food Services""",. ,.,', , , ,

"., ..,..,.." .." " ..,2,816,201

Parking ,.,,."'."""""'" ,.,."

, , "., .."., " ...471,200

License Fees "" " "

" ..15,729,178

Advertising """"""",.,', ,

,

,..,..,",., ..,.".,,2,088,243

Other ",

,

" ,..,

, 6,192,660

Subtotal"., ,', , ,

,

,,

".,.,',.,.,', ,", .. 31,647,331

Non-operating Revenue

Transfer from Reserves

*Hotel/Motel Tax

"

Contributed Equipment

"

"

" .." ..,',

, " ,"', .."

181 ,536 16,344,945
420,911

Subtotal , , , , ,

""""",."", ..,.." ..16,947,392

Total."." ..,', ..,', " ..,., ,., , ,

, , , ,",.".,"" ,$ 48,594,723

The City of Atlanta and Fulton County collect a 7% hotel/motel tax. This amount equaled $41,590,190 in fiscal 2000. The Georgia Dome receives 39,3% of the tax collected or $16,344,945,

Total Revenue



Rent 9%

0----

Advertising 4%

License Fees 32%

14

Georgia Dome 2000 Expense Statement

Operating Expense

Personal Services Regular operating Equipment " .." Contracts/Fees Other,

,',
,', , ,..,.,"" , ,..,

"" ,."""'"." ..,,
,', .., ,,,,

6,035,129 .4, 119,682
89,910 10,836,016
328,930

Subtotal

, ,., ..,., .., , ,

, , , ,." 21,409,667

Non-operating Expense

Debt Service Refinancing Expense

".,,"', ,', ..,"', ,

18,299,147 .4,033,376

Subtotal ,

, , , ".,"",., ,.., ,.., ,

22,332,523

Total Net Gain

,,", ,', " ,.,

" ,$ 43,742,190 4,852,533

Total Expense

Debt Service 51%

Contracts/Fees and Equipment 25%

.... ',-'

Personal Services 14% Regular Operating 9%

15

Georgia Dome 2000 Attendance

444,982 471,154 223,628 ", " " .." 340,129 22,885

10 Atlanta Falcon Games 10 other sporting events
6 entertainment events 7 trade/public show 32 other events*

1,502,778 Total Attendance**
* Includes conventions, corporate events, meetings and religious assemblies . Does not include Georgia World Congress Center events that also used Dome space.

Total Out-of-State Attendance

,

239,261

Total Daily Attendance

1 ,823,388

ApproXimatelY 239,261 of the 1,502,778 people who attended events in the Dome last year were from out-of-state, Adding the number of single-day-event attendees to an average 2.34 day stay for outof-state visitors, the Georgia Dome total daily attendance came to an estimated 1,823,388 in fiscal 2000.
Total daily attendance equals one visit by each local resident, plus an average 2.34 day visit for out-of state visitors to multiple day events,

Georgia Dome Estimated Economic Impact-2000

Dome Activity (not inclusive of SuperBowl)

"New Dollar" Impact

Total Impact of "New Dollar"

,

Personal Income

,.,

Employment

,.., ,.., ,.., ,..,

,.. , ,.., ,.., ,..,

157,883,549 353,659,150 112,097,320
5,940

Taxes
Georgia Sales Local Hotel/Motel , , Personal Income
Total

, , ,, , , ,.., ,.., ,..,

,, , ,.., ,.., ,..".,',
, , ,.., ,..,.. "

9,089,040 2,740,858 2,776,224 4,090,764

",

$18,696,886

16

The Georgia Dome attracts a variety of musical groups and entertainment in any year. During fiscal 2000, the tunes and tones ranged from the harmony of the Sweet Adelines to the rhythmic routines of the Bands of America competition to the "goldie-oldies" of the Fox 91Ultimate Oldies Concert, Venerable rocker John Tristao (above) performed at the Oldies Concert with Creedence Clearwater Revisited,
WCW Wrestling draws a mostly male audience that revels in the mix of brawn and bravado.

Super Bowl XXXIV Attendance Economic Impact

The Atlanta Sports Council commissioned an economic impact study to measure the dollar impact of Super Bowl XXXIV on Atlanta and the State, It reports 72,625 out-of-state game attendees, plus 29,362 persons visiting Atlanta but not attending the game. These total 101,987 non-Georgia visitors to Atlanta for the Super Bowl.

A total economic impact of $292 million dollars has been attributed to the Super Bowl, along with $9.4 million dollars in taxes generated, These taxes include Georgia and local sales tax and the hotel/motel tax,

Total Out-of-State Visitors

"New Dollars" Generated

Total Impact of "New Dollars"

Total New Taxes

"

"" " "." .." ",

101,987 $130,000,000 $ 292,000,000 ,,$ 9,459,120

Total Combined 2000 Economic Impact of all Georgia Dome events

"New Dollar" Impact*

Total Impact of "New Dollar"

""

Taxes

,,

", "

$ 287,883,549 $ 645,659,150 $ 28,156,006

Sf. Louis took the title in a close Super Bowl matchup against Tennessee. While the Dome glowed on the outside, pop diva Tina Turner heated up the pre-game show,

17

Centennial Olympic Park

lIS 21-acre urban green space continued to demonstrate ifs
versatility as the site of over 140 events during the fiscal year, Half of these were Park-sponsored and included the popular Fourth Saturday Family Festivals, Wednesday Wind Down Concert Series, Music at Noon Series, Fourth of July celebration and Parkfest. In addition, over 70 events held in fiscal 2000 were produced by a variety of sponsors. These included:
Disney's Adventure Outpost, Home Depot, Sweet Adelines, Hands on Atlanta, Delta Air Lines, Down Syndrome Association Walk, American Heart Association Walk, Boy Scouts of America, Amnesty International, March of Dimes Walk America, BeliSouth, Salvation Army Centennial Celebration, Cartoon Network, Andersen Consulting, Microsoft and CNN.
More than a million visitors came to the Park to attend these and other events or simply to enjoy a respite from the bustle of the city, While the Park generated $497,196 in operating revenue through hosting events, it makes its greatest contribution as a catalyst for housing, business, and entertainment growth in downtown Atlanta.
A recent study to measure economic development near the Park was commissioned by Centennial Olympic Park Area, Inc, (COPA), Five major building projects totaling $186 million dollars in new development are attributed in part to the presence of the Park.

A favorite gathering-place for visitors and residents, the Park features a range of comfortable settings and attractive venues.

The Park offers a variety of scenery - commemorative plazas, statuary, greenery and water features. Here water tumbles down a series of rock formations, reminiscent of a north Georgia mountain stream.
19

The

A splash in the Fountain of Rings, a romp on the new playground, a frolic on the Great Lawn - children don't need a special occasion to enjoy the Park.

Centennial Park 2000 Revenue Statement

Operating Revenue

Rent ,

, "',

,

Exhibit Utility Services

"""',,

Food Services ,

,."

Other ., ..,

"" " ..,,

Sponsorship

"." ,',

"

, " " ..,, 163,828

,,

10,647

,72,434

,

125,287

", ..,,",

125,000

Subtotal ,.., ,

, , ,.,., .., ,

, ,.,..,., 497,196

Non-operating Revenue

Transfers from Reserve GWCC contribution

" """ ..,, , .. ,.,.,."

264,110 , 1,297,272

Subtotal , " ..,.."

"

, 1,561,382

Total ., ,

, ".,', .., , ; , " ..,"',.$ 2,058,578

Food Services 15% Rent 33%

Total Operating Revenue

Other 25% Sponsorship 25%

-

.J=''~..~...~. _'=~

Exhibit Utility

Services 2%

20

Centennial Park 2000 Expense Statement

Operating Expense

Personal Services

Regular Operating

Equipment

Contract/Fees

,

Other

,

"',,

"

,.., ,.., ,.., ,.., ,.., , ,.., ,

, ,.., , ,.., ,.., , , ,

, , ,.., ," , ,.., ,..,

,,

1 ,073,126 ,531,458 25,805 145,513 29,040

Total , ,.., , , ".,., , ,.., , ,.., ,.., ,..,

$ 1,804,942

Non-operating Expenses Capital Improvements and Projects Total

264, 110

"

$ 2,069,052

Total Operating Expense _

Personal Services 59% ---,

Equipment/Contracts & Fees 9%
Regular Operating 30%

21

Human Resources

Our diverse,professionalwork force continues to be one of our most valuable assets,
We had 519 authorized full-time employee positions in fiscal 2000 assigned as follows: 353 with the Georgia World Congress Center, 138 with the Georgia Dome, and 28 with Centennial Olympic Park.
We supplemented our full-time staff with 468,381 hours of part-time help, which is the equivalent of 225 full-time jobs.
Last year 42 of our employees celebrated service milestones that represented 405 years of experience, One completed 20 years, 13 staff members completed 15 years, 10 completed 10 years and 18 completed 5 years.
Because our employees' personal and professional development helps keep us competitive, we invested in 49,865 hours of training. Topics ranged from customer service techniques to first aid to computer skills.

The Park set records and won awards for this year's Fourth of July extravaganza, which featured fireworks and a concert by the Atlanta Symphony Orchestra, The first-ever telecast of this annual celebration drew more than 210,000 viewers - and won firstplace honors in a competition conducted by the International Festivals and Events Association.

Work Force Distribution

Female Minority

,

Female Caucasian"

, .. ,

Male Minority

,

Male Caucasian

"

GWCC Metro Atlanta

22% 10% " ..",. 41% 27%

12% 35% ,12% .41 %

22

Georgia World Congress Center Authority Balance Sheet June 2000

Assets

GWCC

Cash Accounts Receivable Prepaid Expenses Inventories Advances to Dome Deferred Changes
Fixed Assets Equipment/Building/Land
Total Assets
Liabilities & Fund Balance Liabilities: Accounts Payable Debt Service Term Loan/Bonds Payable Interfund Payable
Reserves: DeSignated Deferred Revenue Investments in Bldg.lLand
Fund Balance Pre-depreciation
Less depreciation expense
Total Liabilities & Fund Balance

36,309,760 2,878,566 50,650 380,118 1,090,540
551,996,644
$ 592,706,278
2,164,806
29,925,661 2,169,041
549,808,360
12,906,464 (4,268,054)
$ 592,706,278

Dome
54,064,768 1,599,470 12,079
157,513,496
$ 213,189,813
4,377,087 188,605,983
1,090,540
17,043,129 21,335,301
5,974,940
34,187,698 (59,424,865)
$ 213,189,813

Park 744,458 115,367 48,099
72,735,916
$ 73,643,840
270,522
715,262 65,500
72,356,945 417,432
(181,821 )
$ 73,643,840

Note: $ 549,705,000 land & building (funding provided by State of Georgia general obligation bonds)

Total
91,118,986 4,593,403 110,828 380,118 1,090,540
782,246,056
$ 879,539,931
6,812,415 188,605,983
1,090,540
47,684,052 23,569,842 628,140,245
47,511,594 (63,874,740)
$ 879,539,931

23

The Board

GWCC Authority Board of Governors

Chairman Robert Prather, Jr, President & CEO Bull Run Corporation

Vice Chairman Alfred Kile Barr Regional Vice President Simon Property Group

Secretary Howard Spiller President & CEO Urban Resources

Bill Archer Executive Vice President Georgia Power Company
R, Elliott Caudell President Caudell Realty
Mark H, Cohen Partner Troutman Sanders, LLP
lewis J, Cooper Chairman Cooper Barnett & Page
David M, Franklin Chairman & Chief Executive Officer Franklin & Wilson Airport
Concessions, Inc.

Treasurer C, Jere Sechler, Jr, Chairman & CEO Eagle Bancshares, Inc
Stephen R. leeds Partner Rogers & Hardin
Rubye Mims lucas Vice President Community Affairs Turner Broadcast Systems, Inc,
David G, Kahn President & CEO Kahn & Company, Inc.
William Porter Payne Partner Gleacher and Co.

Glenn Hicks III Managing Director Eagle Bancshares Capital Group

Monique Walker Staff Attorney Universal Health Systems, Inc.

Legislative Overview Committee

Chair Senator Paul C, Broun

Vice Chair Representative Mary louise McBeE

Senator Connie Stokes Senator Jack Hill

Representative Roger C, Byrd Representative Carolyn F. Hugley