VLCIA Annual Financial Report FYE 2010

Documents related to the Valdosta-Lowndes County Industrial Authority (VLCIA), obtained by open records request February 2011.

VLCIA Annual Financial Report Cover Contents BowenPhillips BowenPhillips (cont.)

Management's Discussion and Analysis Title Financial Highlights

Basic Financial Statements Title Assets and Liabilities Revenues and Expenses Cash Flows Reconciliation of Net Operating Income to Net Cash Provived by Operating Activities

Note A: Summary of Significant Accounting Policies Reporting Entity (incorrect) Capital Assets (land)

Note B: Deposits Cash on Deposit

Note C: Direct Financing Lease American Drill and Bushing

Notes D and E D: Bond Issuance Costs; E Capital Assets

Note F: Long Term Debt $17,485,883 in bonds and notes payable $3,124,270 in debt service $23,501,680 in total forseen debt service by 2024

Note H: Commitments and Contingent Liabilities $8,379,503 net assets

Other Reports Title Internal Control Compliance and Other Matters

Financial Statement Findings and Responses Inadequate safeguarding controls