Jekyll Island's financial situation may not be as bad as suggested by some, according to a state auditor. That's the conclusion of an article by Dan Chapman in today's Atlanta Journal-Constitution. In it, state auditor John Thornton discusses various discrepencies between financial results reported by the Jekyll Island Authority in its annual reports during the past 10 years, and audited financial results.
Chapman is careful to point out that the Authority is not accused of misappropriating funds. Thornton and others -- notably state senator Jeff Chapman -- suggest, however, that the numbers -- as reported in JIA annual reports -- do not present a clear or easy-to-understand picture. Sen. Chapman asked the Georgia Department of Audits and Accounts to review JIA's books in response to his and others' concerns about plans for redevelopment of the island's hotels, convention center and other visitor facilities.
It's a good read for anyone who is following the Jekyll Island story.
-- JB
Thursday, March 13, 2008
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