Jekyll Island Progress Report 2020

Progress Report J E K Y L L I S L A N D • 2 02 0

Jekyll Island’s

resolve

and

resiliency

should make all Georgians proud.

STATE OF GEORGIA OFFICE OF THE GOVERNOR

ATLANTA 30334-0900

For generations, Jekyll Island has been a refuge for the people of Georgia. Its role as a place of relaxation, recreation, and restoration has never been more important than it is today. In a year that tested us in ways previously unimaginable, the Jekyll Island Authority carefully assessed this year’s challenges and rapidly deployed measures that allowed Georgians and our guests to safely continue visiting this beautiful destination.

In the earliest days of the pandemic, the Jekyll Island Authority used guidance from state and federal authorities to develop innovative approaches to safeguard the health and safety of guests, residents, and employees. These strategies were implemented in cooperation with business partners, providing an immediate island-wide, unified response. Although almost one-half of Authority employees suffered furloughed or other financial hardships, the staff remained flexible, following state guidance and continually adapting to a rapidly evolving public health emergency. I believe the determination and creativity demonstrated on Jekyll Island will continue to promote the recovery of coastal tourism in 2021.

By reimagining ways for visitors to safely experience the island, the Authority was able to achieve a beneficial balance that kept Jekyll accessible to those who needed respite, while maintaining its commitment to local and regional businesses and the larger economy of our state. Operationally, this self-sustaining state authority truly delivered on our Georgia Safety Promise, which was designed to help instill consumer confidence, empower businesses to take critical steps to help protect people during COVID-19, and keep Georgia open for business.

The pandemic has placed unprecedented demands on our resources, but we have not wavered in our commitment to our citizens and to the businesses and jobs that drive the Georgia economy. COVID-19 has also reminded us of just how important Jekyll Island remains to Georgians, especially during our most trying moments. The ability to enjoy the island’s wideopen spaces, safely experience its many recreational activities, or simply engage in quiet contemplation are paramount when the need to focus on physical and mental health has never been greater. Jekyll Island’s resolve and resiliency should make all Georgians proud.

Sincerely,

Governor Brian P. Kemp 1

“I am proud of the extraordinary dedication of the Jekyll Island Authority’s staff to serve our visitors and residents in new and safe ways.”

- Joseph B. Wilkinson, Chairman, JIA Board of Directors

“This year has been a testament to the power that Jekyll Island has to inspire and uplift, even in our most trying times.”

- Jones Hooks Executive Director, Jekyll Island Authority

2

Jekyll Island Authority

BOARD OF DIRECTORS

Robert “Bob” W. Krueger Vice Chairman Hawkinsville, GA

William “Bill” H. Gross Secretary/Treasurer Kingsland, GA

Joy Burch-Meeks Screven, GA

Dr. L.C. “Buster” Evans Bolingbroke, GA

Mark Williams Commissioner, Georgia Dept. of Natural Resources Atlanta, GA

Hugh “Trip” Tollison Savannah, GA

Glen Willard Richmond Hill, GA

Dale Atkins Baxley, GA 3

2 02 0 • AT A GLANCE T R A FFI C R E V E N U E $4.46M $4.21M $3.47M

2016

$3.55M

2017

$3.66M

2018

2019

2020

28.2% INCREASE OVER 5 YEARS

F U N D I N G B R E A K DOW N PRIVATE FUNDING

$264,950,000 78% 22%

4

PUBLIC FUNDING

$76,690,000 $341,640,000

I SL A N D V I SI TAT I O N

2.9 V ISI TOR S T HROUGH OUR G AT E S * This data is based on the number of cars through the entry gate using a standard multiplier of 2.5 people per car.

Selig Center for Economic Growth, UGA

R E V E N U E SO U RCE S >1% 2% 3% 5%

9% 8% 36% 18% 19%

AMENITIES COMMERCIAL LEASES PARKING HOTEL TAX UTILITIES FIRE DEPARTMENT RESIDENTIAL LEASES OTHER MARKETING & EVENTS

5

2 02 0 • AT A GLANCE C A M P G RO U N D R E V E N U E

$ 307,026

UP 1 9.1 2% OVER 2 01 9 179 campground spaces available to book in 2020

R E V I TA L IZ AT I O N F U N D I NG

$287.6M

$54M

$16.1M

COMPLETED

IN PROGRESS

PLANNED

TOTAL: $341,640,000 *Planned development funds are not included in total investment.

6

$50K $45K $40K $35K

$180 $160 $140 $120

$30K $25K

$100

$20K $15K $10K

$60

$80 $40 $20

$5K

2018

2019

REVENUE

AVERAGE DAILY RATE

REVENUE PER AVAILABLE ROOM

REVENUE

2020 H OT E L OCCU PA NC Y

2020 REVENUE PER AVAILABLE ROOM

PU B L I C SA FE T Y

M A IN TA INED

M A IN TA INED

M A IN TA INED

CL A SS 5

CL A SS 3

NFPA FIREWISE USA

(LOWEST IN GLYNN COUNT Y)

(SCALE OF 1-10; 1 BEING BEST)

COMMUNIT Y DESIGNATION

FLOO D R AT I N G

I SO R AT I N G

7

A N N UA L A M E N I T Y R E V E N U E COM PA R I SO N $3,000,000

$2,500,000

$2,000,000

COVID-19 BEGAN

$1,500,000

$1,000,000

ICE STORM

$500,000

MAR

8

APR$-

MAY

JUNMAR

JAN

FEB

2016

2017

2018

JUL

AUG JUN

APR

MAY

2019

2016 2020

2017

2018

HURRICANE IRMA HURRICANE MATTHEW

JUL 2019

AUG

SEP

OCT

NOV

DEC

2020 9

Where We ’ve Been

COMMITTED TO THE SAFET Y OF OUR EMPLOYEES, RESIDENTS, AND VISITORS AS OUR FIRST PRIORIT Y

10

2 0 2 0 REC A P Like so many other businesses in our community, around the state and in the nation, the Jekyll Island Authority (JIA) has faced unimaginable challenges over the last year. And as a self-sustaining state entity that relies so heavily on tourism, the future prosperity of the island seemed uncertain.

Approximately 47 percent of the Authority’s operational budget for the year was dependent on amenity revenues, some of which shut down during the early months of the pandemic or operated at a reduced capacity through the remainder of the year. These revenues were decimated by both amenity closures and the lack of travelers during many of the island’s peak summer months. The Jekyll Island Convention Center experienced extensive group business cancellations, resulting in lost revenues for the Authority of approximately $4.5 million between March 15, 2020 and June 30, 2021. Although expenses were aggressively cut, more than 43 percent of the Authority’s employees, including executive leadership, were furloughed, many for several months. Events like the Fourth of July fireworks and the 15th annual Jekyll Island Shrimp & Grits Festival were canceled.

But out of this adversity, came an opportunity to reimagine the visitor experience. The JIA remained committed to its employees, residents and visitors, and made health a top priority. Working alongside island hotels and business partners, a unified approach to health and safety was rolled out, increasing sanitization measures and stringent protocols at every touchpoint around the island. Emphasis was placed on healthy recreation — beaches, bike, and nature trails — that continued to provide a respite for so many. The JIA evolved its event standard, providing new ways for visitors to gather safely and enjoy the holiday season with their families, and saw visitation numbers surpass those of the year prior. And nearly every month of the final two quarters of the year, revenue numbers remained on target under a reduced budget.

This is a testament to the work of the JIA’s more than 350 employees, who remained dedicated to serving this special place, even during the most trying times. A unif ied approach to health and safety remains the Authority’s priority. But reminding visitors why the island’s pristine landscapes — from the variety of beach shorelines to the majestic maritime forests to the vibrant marsh habitats — is more consequential now than ever. And the power of this singular island to inspire and uplif t remains undiminished.

11

Where We Are DEDICATED TO ENHANCED ACCESSIBILIT Y AROUND THE ISLAND

12

RE SURFACED S T REE T S With nearly 3 million visitors making their way to Jekyll Island each year, infrastructure improvements to the island’s roadways remain an ongoing priority. As a result of funding provided through SpecialPurpose Local-Option Sales Tax (SPLOST) in 2020, the island was able to mill and repave the final portion of over 10 miles of residential roadways and restripe all major thoroughfares.

BE ACH CRO S SOV ER S Many beach crossovers sustained damage from hurricanes and storms overtime or had to be removed during revetment project construction. Upon completion of Phase II of the Jekyll Island Beach Revetment Rehabilitation Project funded by the State, which aimed to secure a more resilient shoreline protection system along Jekyll’s unique beachfront, the focus was to provide residents and visitors more direct access to the beach. The first priority in 2020 was to replace previously existing structures and introduce three new ADA-compliant crossovers that could offer a scenic overlook. Of the 11 total crossovers to be constructed, six of them reached completion by the end of the year. Five more are slated to be finished by March of 2021, completing this effort to provide more accessible access to Jekyll’s special coastline.

BIK E PAT H REH A B In addition to the island enhancements completed for roads and beach crossovers in 2020, the Authority was able to proceed with capital funding for its ongoing Bike Path Rehabilitation project.

With expenditures totaling a little more than $479,000, 3.6 miles of bike path along Beachview Drive North, near the beachfront, was repaved to meet new bike path standards, including increasing the paths to 8 feet wide, for multipurpose use. Once future capital funds become available, an additional 7.44 miles of bike paths will undergo rehabilitation, including new construction, to ensure the biking experience on Jekyll Island continues to be one of the island’s greatest assets.

13

Where We Are

EFFECTIVELY MANAGING OUR RESOURCES AND VISITATION TO BE BETTER STEWARDS

6

14

G AT E EN T RY With nearly two years of evaluating, planning, implementation, and testing, a new gate entry system was introduced in May of 2020, designed to make trips onto the island more ef ficient and convenient. The new system launched with intuitive touch screens and improved payment kiosks, informative visual display monitors, and an enhanced online portal to improve the process for pass purchases and renewals. New license plate recognition cameras identify vehicles for which annual passes have been purchased, providing the option for a dedicated annual pass lane, as well as additional security and safety operations. With the new entry gate system fully operational, the Jekyll Island Authority can more accurately calculate the number of vehicles on the island for planning and allocation of island resources. The rollout of the new system was a direct result of the 2018 Jekyll Island Carrying Capacity and Infrastructure Study that assessed people, THEthe 20number BEST ofPLACES vehicles, and development the island can accommodate while still maintaining unique TOitsGO IN character.

2019

—Money Magazine

A IRP OR T IMPROV E MEN T S The Jekyll Island Airport (09J) has undergone substantial improvements since 2016, but none as significant as the introduction of Jekyll Island’s first self-service aviation fuel facility in May of 2020.

The airport sold more than ten thousand gallons of fuel in its first seven months of operations. As reported in the Georgia Statewide Airport Economic Impact Study, 09J provided an annual economic impact of more than $2.7 million and airport-supported annual state 19 & local sales & income FOR tax BEST BEACHES revenues of more than $108,000. Further airport improvements will continue into 2021, with FAMILIES & KIDSan additional, proposed four-year Capital Improvement Plan to include airport —Today terminal renovations, Show runway safety area improvements, pavement evaluation/rehabilitation, and hangar construction.

HIS TORIC PRE SER VAT ION 2020 marked the completion of the Historic Bond Fund Project funded by the State, which allowed for a number of ADA accessibility and life safety improvements to historic structures within the Historic District. The project had an overall budget of $1.6 million and addressed more than 35 BEST FESTIVAL IN recommended issues significantly ahead of its five-year required completion date.SOUTHEAST The Jekyll Island THE historic preservation team also completed many new or existing renovation projects, the& —Southeastincluding Festival restoration and reinstallation of Mistletoe Cottage’s sunroom ceiling. Through from the Eventsfunding Association Jekyll Island Authority and Friends of Historic Jekyll Island, the original paper ceiling tiles and bamboo grid underwent a removal, digital reproduction, and reinstallation process, alongside restoration of the original paint color of the room’s walls. Thanks to the assistance of many volunteers, visitors to the island also had the opportunity for the first time in July to experience daily public tours through Hollybourne Cottage, which is now maintained in a permanent state of restoration for preservation education.

TOP 25 BEACHES IN THE UNITED STATES —TripAdvisor 15

Where We ’re G oing DEDICATED TO CONTINUED INVESTMENT IN JEKYLL ISLAND’S FUTURE

16

RE V I TA LIZ AT ION With the ongoing construction and development of the dual-branded Courtyard and Residence Inn by Marriott, the island’s newest hotel property is the latest project underway from the island’s original revitalization plans. The new property will expand the island’s family, extended stay, and business travel lodging options. The 209-room hotel sits on 5.8 acres of previously developed oceanfront property and will remain 100 rooms below peak historic hotel room capacity numbers for the island.

C A MP G ROUND E X PA NSION Even as the largest state-owned campground, the Jekyll Island Campground maintains the secondhighest occupancy rating of all other State-run campgrounds. Occupancy is consistently above 70 percent and more than 90 percent during peak camping season. In 2020, the Jekyll Island Authority continued steps toward a campground expansion through a reclassification and engineering proposal for 12 acres of land, to accommodate the growing demand for more campground sites and facilities. With state support, the expansion would accommodate the addition of 54 new pullthrough campsites. Facility enhancements would also include a new campground store, of fice, and laundry services, as well as four new bathhouses with 16 additional ADA-compliant shower units. The economic return of these new campsites will allow the Authority to continue supporting and maintaining non-revenue generating assets and facilities for years to come.

PUBLIC S A FE T Y C OMPLE X In 2020, the Jekyll Island Authority accomplished a land reclassification for a new public safety facility to increase ef ficiencies and ef fectiveness for safety needs. The JIA also approved $75,000 in capital project funding to begin the architectural and engineering design phases for the new complex, with a goal of receiving future state funding to begin construction. The facility would merge the Jekyll Island Fire Department and EMS with the Georgia State Patrol Post to place both resources together. The new complex would be located within 1.5 miles of the majority of the island’s day-to-day commercial operations to decrease response times. The future facility would also become a satellite Emergency Operations Center for local response and supporting GEMA and Glynn County, as needed. The new public safety complex would also be designed to accommodate a ladder truck for essential operations, leading to a future improvement in the public safety ISO rating and a decrease in insurance premiums for residents and businesses on the island.

17

Where We ’re Going PROTECTING AND MANAGING THE NATURAL RESOURCES OF JEKYLL ISLAND

18

GOLF M A S T ER PL A N Over the last year, the Jekyll Island Authority has been focused on developing a Golf Course Master Plan to provide direction for the future success of golf on Jekyll Island. Recently completed, the Golf Course Master Plan aimed to evaluate and recommend solutions for all of the courses including current turf conditions, modern-day trends, operational budgets, economic performance, conservation, and recreation and educational opportunities. Through multiple iterations and public input, and a National Golf Foundation review, the proposed Jekyll Island Golf Master Plan provides an overall direction and identifies potential opportunities for the Jekyll Island Golf Club to become financially sustainable. While the plan will serve as a blueprint for the future, the Jekyll Island Authority will continue evaluating the recommendations outlined through working sessions with the board and further public input to ensure the result can serve both returning and new visitors with an enhanced golf experience.

C ONSER VAT ION PL A N The last several years have seen an advancement in the conservation and preservation of the Island’s natural communities and wildlife. One of the most significant actions has been the institution of a dedicated team to lead the Authority’s conservation mission and to uphold conservation as a priority. In 2020, the Jekyll Island Conservation Department worked closely with an advisory board, consultants, and the public, to develop and update the Jekyll Island Conservation plan from its 2011 iteration. The new plan further addresses concerns and management of conservation priorities including sustainability, wildlife monitoring and research, land management, and nature-based outdoor education and recreation opportunities. As the Authority moves ahead in this new decade, the new plan reestablishes Jekyll’s conservation values and provides the framework for pursuing and prioritizing the JIA’s commitment to carefully balance the ecological and economic vitality of the island.

19

Although 2020 was a challenging year, the Jekyll Island Foundation (JIF) celebrated multiple accomplishments, thanks to the commitment and contributions of investors, members, and the JIF Board. Funding from the Foundation supported preservation and restoration enhancements to Hollybourne Cottage and assisted with support for the GA Sea Grant/ Georgia Audubon Fellowship program. Additionally, monies were provided for ongoing research of bobcat reproduction and tracking of the eastern diamondback rattlesnake by the Authority’s Conservation Department. The Foundation was also pleased to introduce new tribute gift offerings, including tiered pricing and intuitive maps for donor use, while the membership program underwent a creative refresh to include new membership benefits.

The Foundation’s most notable accomplishment included months of preparations for the January 2021 launch of a Corporate Sponsorship Program, including a robust benefits package, and cohesive marketing assets to assist in promoting this new strategic program.

The program successfully launched with seven founding corporate sponsors on board.

20

BOARD OF DIRECTORS E X EC U T I V E C OM MI T T EE Russell Jacobs – St. Simons Island, GA Chair Boog Candler – Atlanta, GA Immediate Past Chair Wendell Dallas – Snellville, GA Vice Chair Gary Wadsten – Myrtle Beach, SC Secretary Hollis Linginfelter – Atlanta, GA Treasurer C. Jones Hooks – Jekyll Island, GA JIA Executive Director

D IREC TO R S Ember Bentley – Macon, GA Guyton Cochran – Carrollton, GA Thomas Lines – Atlanta, GA Teresa MacCartney – Atlanta, GA Sean McGinnis – Alpharetta, GA Gil McLemore – Jekyll Island, GA Gene Rackley – Atlanta, GA Matt Reed – Albany, GA Jonathan Roberts – St. Simons Island, GA Daniel D. Ross – Dunwoody, GA Del Ross – Sandy Springs, GA JJ Singh – Arlington, VA Martha Zoller – Gainesville, GA Joe Wilkinson – St. Simons Island, GA JIA Chairman

JIF E X EC U T I V E D IREC TO R Dion Davis – Brunswick, GA 21

FINANCIAL RESULTS FINANCIAL RESULTS

FINANCIAL RESULTS 2020* FISCAL YEAR 2020*

FISCAL YEAR 2020*FISCAL YEAR 2020*

FINANCIAL RESULTS FISCAL YEAR FY2020*

ues

Revenues

stration

Administration

enues ss Leases

ax inistration

Hotel Tax

1,387,803

Interest rism Development Fund Lot Rentals tals king Foundation tion rest Airport

Administration revenue

Beach Village Village ort Housing ministration revenue Intern Housing

ch Village l Administration

ises

Total Administration

Enterprises

otal Administration Golf

tion Center rprises mick's Grill

Convention Center McCormick's Grill

rvention WavesCenter ound ormick's Grill Good Waves mmer

Summer Waves Campground Life is Good

Museum m mpground Georgia Sea Turtle Center Sea Turtle Center is Good Conservation vation eum Miniature Golf & Bikes e Golf & Bikes rgia Sea Turtle Center Water/Wastewater Wastewater servation

on Golf & Bikes Sanitation ature Fire Department partment er/Wastewater Tennis itation Mktg & Special Events ion Mktg & Special Destination Events Department nformation Center Guest Information Center nis

Sales ination Mktg & Special Events ekyll & Soccer Center FieldsCamp Jekyll & Soccer Fields st Information Landscaping, Roads & Trails aping, Roads & Trails es Vehicle & Equipment Maintenance & Equipment Maintenance p Jekyll & Soccer Fields Facility Maintenance dscaping, Roads & Trails Maintenance Golf Course Maintenance urse cle &Maintenance Equipment Maintenance

Maintenance lityEnterprises

Course Maintenance

Revenues

otal Enterprises

Total Enterprises

Total Revenues

tal Revenues Expenses ses22

Resources

$

4,618,744

Development ness Leases FundTourism Development Fund Parking

rn Housing

FY2020*

Business Leases

el Tax

Rentals tration revenue ndation

$

Human Resources

FY2020* FY2019 $

$

FY2019 $

FY2019 VARIANCE $ %

(000's)

VARIANCE

(000's)

%

4,618,744 (36) 4,654,565 1,387,803 (211) 1,598,711

4,654,565 -1% 1,598,711 -13%

693,622 4,242,380 9,352 8,738

582,568 (115)(36) 697,323 697,323 -16%-1% 4,654,565 4,242,380 467(211) 3,775,280 3,775,280 12% 1,598,711 -13% 8,738 (2) 10,967 10,967 697,323 (115) -20% -16% 693,622 (272) 966,093 966,093 -28%12% 3,775,280 467 9,352 (57) (2) -86% 66,091 66,091 10,967 -20%

18,079 1,780 97,425 165,738

18,079 0% 0% 97,200 0% -23%

582,568 4,618,744 4,242,380 1,387,803 8,738 582,568

1,780 693,622 165,738 9,352

- 1,780 2(272) 966,093 165,738 (51)(57) 216,319 66,091 18,07918,079 - 2 97,425 97,200 0 216,319 (51)

0% -28%216,319 -23% -86%

18,079 11,826,229 97,425

18,079 11,826,229 12,100,628 (274) - 12,100,628 -2% 0% 97,200 0 0%

11,826,229 1,623,071 2,709,332

12,100,628 (274) -2% 1,623,071 (260) 1,883,239 1,883,239 -14% 2,709,332 4,123,882 4,123,882 (1,415) -34% 230,359 278,227 278,227 (48) 1,883,239 (260) -17% -14% 1,523,117 2,534,024 (1,011) -40% 4,123,882 (1,415) 2,534,024 -34% 1,632,185 89 (48) 1,543,481 1,543,481 6% 278,227 -17% 158,281 (14) 172,254 -8% 2,534,024 (1,011) 172,254 -40% 591,070 (225) 89 815,681 815,681 -28% 6% 1,543,481 1,790,587 (391)(14) 2,181,394 2,181,394 -18%-8% 172,254

230,359 1,623,071 1,523,117 2,709,332 1,632,185 230,359 158,281 1,523,117 591,070 1,632,185

1,790,587 158,281 27,463 591,070 274,410 1,790,587 1,478,117 27,463 562,196 274,410 1,259,721 1,478,117 104,425 562,196 347,513 1,259,721

143,975 104,425 2,000 347,513 144,277 143,975 15,672 2,000 10,294 144,277 15,672 8,898 10,294

14,636,963 8,898 26,463,192 14,636,963 26,463,192 12,525,005

27,463 22(225) 377% 5,754 5,754 815,681 -28% 274,410 362,676 362,676 (88) -24% 2,181,394 (391) -18% 1,478,117 1,335,751 142 22 1,335,751 11% 5,754 377% 562,196 19 (88) 543,116 543,116 4% 362,676 -24% 1,259,721 1,041,496 1,041,496 218 21% 1,335,751 142 11% 104,425 (11) 19 115,495 115,495 -10% 4% 543,116 347,513 (43) 390,036 390,036 -11%21% 1,041,496 218 143,975 (31)(11) 175,140 175,140 -18% 115,495 -10% - 2,000 2 (43) 0% 390,036 -11%144,277 (21)(31) 165,467 165,467 -13% 175,140 -18% 43,338 43,33815,672 (28) 2 -64% 0% 287 28710,294 10 (21) 3487% 165,467 -13% 788 788 43,338 - (1)(28) -100% -64% 8,898 -287 9 10 0% 3487%

788 (3,075) (1)17,711,526 -100% 14,636,963 17,711,526 -17% 9 26,463,192 29,812,154 (3,349) 29,812,154 -11% 0% 17,711,526 (3,075) -17% 29,812,154

V

(000's

(3,349)

12,525,005 (143) 12,667,952

(

(2

(1

4

(2

(

(

(2

(2

(1,4

(

(1,0

(

(2

(3

(

1

2

(

(

(

(

(

(3,0

(3,3

-11%

12,667,952 -1%

(1

Total Enterprises

FINANCIAL RESULTS 14,636,963

Total Revenues

nues

sces

8,898 -

8,898

rprises

FISCAL YEAR 2020* 26,463,192

Expenses

tion terials eases Sales

Human Resources Supplies & Materials

FY2020* $

12,525,005

Advertising & Sales

1,583,258 4,618,744 785,625

Repairs - Facilities & Grounds ties & Grounds Utilities velopment Fund Insurance

1,387,803 1,647,083 582,568 1,807,866

Insurance Contracts Insurance Contracts Rentals Contracts Rentals Printing Rentals Printing Motor Vehicle Printing Motor Vehicle Telephone Motor Vehicle on revenue Telephone Equipment Purchase <$1K Telephone Purchase <$1K ge Equipment Equipment Purchase $1K to $5K Equipment Purchase Purchase $1K <$1Kto $5K hase ing <$1K Equipment Travel Equipment Purchase $1K to $5K hase $1KTravel to $5K Dues dministration Travel Dues Credit Card Fees Dues Card Fees s Credit Bank Fees CreditFees Card Fees s Bank Bank Expenditures Fees Center Total

Total Expenditures Net Operating Cash Income** Total Expenditures nditures aves Net Operating Cash Income** d Net Operating Cash Income** Cash Income**

s Grill

4,242,380 840,638 8,738

3,010,864 693,622 810,302 9,352 129,385 1,780 271,446 165,738 124,542 18,079 88,227 97,425 50,936 11,826,229 80,850 247,870 296,517 1,623,071 610 2,709,332 230,359 24,301,024 1,523,117

0%-

9

9

14,636,963 (3,075) 17,711,526 17,711,526 -17%

(3,075)

26,463,192 (3,349) 29,812,154 29,812,154 -11%

(3,349)

FY2019 $

12,525,005 12,667,952 1,583,258 1,850,741 785,625 4,654,565 1,505,090 1,647,083 1,598,711 1,575,952

VARIANCE

(000's)

%

(143) 12,667,952 -1% (267) 1,850,741 -14%

(143)

1,505,090 (719)(36) -48%-1% 1,575,952 (211) -13% 71 5% 1,787,646 (115) 20 1% 878,690-16%

(719)

(267) 71

1,807,866 20 697,323 1,787,646 840,638 (38) 3,775,280 467 12% 840,638 878,690 3,010,864 3,292,478 (282)(38) 840,638 (38) (2)3,292,478 878,690 (38) 878,690 -4% 10,967 -20% 3,010,864 810,302 619,900 190(282) 3,010,864 3,292,478 (282) 3,292,478 (282) -9% 966,093 (272) -28% 810,302 619,900 190 129,385 272,859 (143) 810,302 619,900 190 619,900 31% 66,091 -86% 129,385 190 (57) 272,859 271,446 256,277 15(143) 129,385 272,859 (143) 272,859 (143) 2 256,277 -53% 0% 271,446 124,542 122,969 2 15 271,446 256,277 15 256,277 15 (51) 122,969 6% 216,319 -23% 124,542 88,227 123,774 (36) 2 124,542 122,969 2 122,969 2 - 123,774 1% 0% 18,079 88,227 (36) 50,936 140,362 (89) 88,227 123,774 (36) 123,774 (36) 0 140,362 -29% 0% 97,200 50,936 (89) 80,850 96,829 (16) 50,936 (89) 140,362 (89) 140,362 -64% 80,850 96,829 247,870 231,694 16 (16) 12,100,628 (274) -2% 80,850 (16) 96,829 (16) 96,829 -17% 247,870 231,694 296,517 318,057 (22) 16 247,870 231,694 16 231,694 16 7% 296,517 318,057 610 333 0 (22) 296,517 (22) 318,057 -7% 1,883,239 (260) 318,057 -14% 610 (22) 333 0 24,301,024 333 333 610 (1,415) 025,741,603 83% 4,123,882 -34% (1,441) 0 24,301,024 25,741,603 (1,441) 278,227 (48) -17% 2,162,168 (1,908) 24,301,024(1,441)4,070,551 25,741,603 (1,441) 25,741,603 -6% 2,534,024 -40% 2,162,168 (1,011)4,070,551 (1,908) 1,543,481 2,162,168(1,908) 89 4,070,551 (1,908) 4,070,551 -47% 6% 172,254 (14) -8%

1,632,185 2,162,168 158,281 BOARD DESIGNATED FUND CONTRIBUTIONS and CAPITAL EQUIPMENT AND PROJECTS: 591,070 815,681 (225) -28% BOARD DESIGNATED Tourism Development Fund FUND CONTRIBUTIONS and CAPITAL EQUIPMENT 582,568 AND PROJECTS: 697,323 a TurtleBOARD Center 1,790,587 2,181,394 (391) -18% DESIGNATED FUND CONTRIBUTIONS and CAPITAL EQUIPMENT AND PROJECTS: NATED FUND CONTRIBUTIONS and CAPITAL EQUIPMENT AND PROJECTS: Tourism Development Fund 582,568 697,323 Water/Sewer Fund 334,218 351,836 on 27,463 5,754 22 377% Tourism Development Fund 582,568 697,323 pment Fund 582,568 697,323 Fund 334,218 351,836 FireWater/Sewer Department equipment fund 144,367 194,162 olf 274,410 362,676 (88) 351,836 -24% Fund 334,218 nd & BikesWater/Sewer 334,218 351,836 FireVillage Department equipment fund- Carryover 144,367 194,162 Beach Entertainment Fund 18,576 10,194 ewater 1,478,117 1,335,751 142 194,162 11% Fire Department equipment fund 144,367 equipment fund 144,367 194,162 Beach Village Fund - Carryover 18,576 10,194 Parking Fee - Fire Entertainment Equipment fund 150,000 562,196 543,116 19 4% Beach Village Entertainment Fund Carryover 18,576 10,194 ntertainment Fund Carryover 18,576 10,194 Parking - Fire Equipment fund 150,000 Parking FeeFee - Water/Sewer Improvements 200,000 ment 1,259,721 1,041,496 218 21% Parking Fee Fire Equipment fund 150,000 re Equipment fund 150,000 Parking - Water/Sewer Improvements 200,000 Payment to Fee JIF for Mosaic Project 300,000 104,425 115,495 (11) -10% Parking Fee JIF - Water/Sewer Improvements 200,000 Water/Sewer Improvements 200,000 Payment for funded Mosaic from Project 300,000 Equipment & to Projects current year 410,463 2,092,016 Mktg & Special Events 347,513 390,036 (43) -11% for Mosaic Project 300,000 for MosaicPayment Project to &JIF 300,000 Equipment Projects funded from current year 410,4632,092,016 mation Center 143,975 175,140 (31) -18% Total Fund Designations, Capital Equipment and Projects 1,840,192 3,645,531 Equipment & Projects from current year 410,463 2,092,016 ojects funded from current year funded 410,463 2,092,016 Total Fund Designations, Capital Equipment and Projects2,000 1,840,192 2 3,645,531 0% Total Fund Equipment Designations, Equipment and Projects 1,840,192$ 3,645,531 gnations, Capital andCapital Projects 1,840,192 3,645,531 l & Soccer Fields Contributions to Cash Reserves 321,976 425,020 144,277 $ 165,467 (21) -13% to Cash Reserves $ 321,976 $ (28) 425,020 Capital Reserves g, RoadsContributions & Trails 15,672 43,338 -64% $ 425,020 321,976 $ 425,020 o CashContributions Reserves to Cash Reserves $ 321,976 $ quipment Maintenance 10,294 287 10 3487% ** Amounts are on a budget basis format and do not contain Depreciation and Capital expenses. and projects listed are amounts ntenance - Capital equipment 788 (1) here -100% ** Amounts are on a budget basis format and do contain Depreciation andcurrent Capital year expenses. equipment arespent amounts funded from current year revenues.

These amounts arenot designated (set aside) from funds Capital for specific equipment or projects andhere if not Maintenance 8,898 - and projects 9 listed 0%

d

** Amounts on ayear, budget basis format and notare contain Depreciation and Capital Capital equipment and projects listed here amounts udgetduring basis format andare do not contain Depreciation anddo Capital expenses.

Capital equipment andexpenses. projects listed here are amounts funded from current yearwill revenues.

These amounts designated (set aside) from year funds for specific equipment or projects andare if not spent the current fiscal be spent in subsequent fiscal years, depending on thecurrent timeline of the project.

funded from current year revenues.

These amounts are designated (setdepending aside) from current year for specific or projects and if not spent nterprises 14,636,963 17,711,526 -17% ear revenues.

These amounts are designated (set aside) from current year funds for specific equipment or funds projects and if notequipment spent (3,075) during the current fiscal year, will be spent in subsequent fiscal years, on the timeline of the project.

* The financial this Authority Reporton contains unaudited and is presented in a budget basis format theinformation current fiscalinyear, will be spent inJekyll subsequent fiscal years, the timeline of thefigures project. al year, willduring be spent in subsequent fiscalself-published years, depending onIsland the timeline of Annual thedepending project.

venues 26,463,192 29,812,154 (3,349) financial -11% * The financial information in this self-published Jekyll Island Authority Annual Report contains figures and isAuthority's presented in a budget basis format which is used for operational management and oversight (depreciation and capital expenses are not unaudited included).

Jekyll Island information

* The financial information inAuthority this self-published Jekylland Island Authority Annual Report unaudited figures and is presented in a(CAFR). budget basis format ion inis this self-published Jekyll Island Annual Report contains unaudited and iscontains presented a budget basis format which isperiodically used for operational management and oversight (depreciation capital expenses are notinincluded).

Jekyll Island Authority's financial information reviewed by the State Department of Audits is included inand thefigures State of Georgia's Comprehensive Annual Financial Report Financial which is isused for operational management and oversight (depreciation expenses areGeorgia not included).

Authority's financial information ational management oversight and capital included).

Jekyll Island Authority's financialJekyll information is reviewed periodically by(depreciation thethe State Department ofexpenses Audits and isnot included incapital the State of Georgia's Comprehensive Annual Financial Report (CAFR).

Financial stewardship aand high priority and Jekyll Island Authority has aare history of and clean reports from the Department ofIsland Audits.

All financial information is reviewed byand the State of Audits and is aincluded inbut theshould State ofonly Georgia's Annual Report (CAFR).

Financial State Department Audits is included inIsland the of Georgia's Comprehensive Annual Financial Report (CAFR).

Financial stewardship is aof high priority and the Jekyll has history of clean reports from theComprehensive Georgia Department ofFinancial Audits.The All financial information contained in thisperiodically self-published report isDepartment believed toState beAuthority accurate and error-free, be used for informational purposes.

Jekyll Island sby the stewardship is a high priority and the Island Authority hasthe aand history ofDepartment clean reports from the Georgia of Audits.

All financial riorityAuthority andcontained the Jekyll Island Authority has areport history clean reports from Georgia ofbut Audits.

All financial information this self-published is of believed toother be accurate error-free, but should only be used for informational purposes.

The Jekyll Island shall in not be liable for any loss ofJekyll profit or any commercial damages, including not limited toDepartment special, incidental, consequential orinformation other contained into this self-published report isofbelieved toshould be accurate and error-free, but should only used for informational purposes.

The Jekyll ublished report is believed tobe beliable accurate andloss error-free, but only be used informational purposes.

The Jekyll Authority shall not for any profit or any other commercial damages, including butbenot limited toIsland special, incidental, or other damages related unintentional typographical or other errors, omissions or for inaccuracies of the information contained in this document. ources 12,525,005 12,667,952 (143) consequential -1%Island Authority shall not be forcommercial any loss ofdamages, profitororother any other commercial damages, including butinformation not limited contained to special, incidental, consequential or other able for any loss ofrelated profit orunintentional anyliable other including but not limited special, incidental, consequential or other damages to typographical errors, omissions or to inaccuracies of the in this document.

Materials 1,583,258 1,850,741 (267) -14% relatedortoother unintentional typographical or other errors, or contained inaccuracies of the information contained in this document. ntentionaldamages typographical errors, omissions or inaccuracies of theomissions information in this document.

& Sales

acilities & Grounds

785,625

1,505,090

(719)

1,647,083

1,575,952

71

-48% 5%

23

3 -5

-2 -6 -1

8

-

-4

As stewards of Jekyll Island’s past, present, and future, we’re dedicated to maintaining the delicate balance between n e and humankind.

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jekyllisland.com