Jekyll Island Progress Report 2023

J E K Y L L IS L A N D • 2 02 3

ROGRESS REPOR

This progress report details the advancements and accomplishments achieved over the past year on Jekyll Island. As we continue our ongoing projects and initiatives, it is essential to reflect on the accomplishments made and the overall trajectory of our efforts.

STATE OF GEORGIA OFFICE OF THE GOVERNOR

ATLANTA 30334-0900

Greetings, Georgia has once again experienced a record-breaking year for the state’s tourism industry, welcoming millions of visitors to, through, and from around the state.

In 2022, Georgia’s tourism industry generated a total economic impact of $73 billion, with domestic and international visitors bringing $167.7 million in impact as they chose Georgia’s diverse and beautiful landscape for their travels. With the state gas tax suspensions put in place over the past couple of years, even more Georgia families were able to take road trips and experience parts of our great state.

Coastal destinations like Jekyll Island remain a significant driver for tourism in our state, and we’ve seen continued growth in visitors to the island over the last several years. Like many Georgians, Marty, our three daughters, and I have experienced all that the island has to offer and look forward to experiencing Jekyll Island amenities like the Georgia Sea Turtle Center or taking a Ranger Walk on our next visit.

The Jekyll Island Authority’s commitment to protecting the island’s unique character reflects a deep understanding of the importance of balancing progress with the preservation of our state’s natural resources.

When I visited the island this past summer for the 2023 Governor’s Tourism Conference, I spoke to many of our state leaders about the successes we continue to see in this industry, and that is always evident on Jekyll Island. The enhancement of the campground facilities, the construction of a new public safety complex, and the opening of a new Mercer Medical clinic this year not only foster a thriving community but also ensure that Jekyll Island remains a premier destination and a valued state asset.

As we reflect on the accomplishments of this past year, we’re also looking forward to the future with optimism and a shared commitment to the continued success of our tourism industry, led by hardworking Georgians both on Jekyll Island and around our state.

Sincerely,

Governor Brian P. Kemp

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AUTHORITY

JIA BOARD OF DIRECTORS As we reflect on our successes in 2023, it brings me immense pride to witness the continued growth of Jekyll Island and the remarkable achievements of our dedicated staff. The passion and hard work demonstrated by each member of the Jekyll Island Authority team have played a pivotal role in shaping the success we celebrate today.

Teamwork, creativity, and resilience have been instrumental in overcoming challenges and seizing opportunities. As we embark on a new year filled with exciting possibilities, the team’s exceptional contributions, achievements, and shared sense of purpose will continue to multiply.

2023 JEKYLL ISLAND LEGISLATIVE OVERSIGHT COMMITTEE Robert “Bob” W. Krueger Vice Chairman Hawkinsville, GA

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

George Ruel Joyner, Jr. Savannah, GA

Representative Steven Sainz Vice Chair St. Marys, GA

Dale Atkins, Chairman Jekyll Island Authority Board of Directors

As a lifelong Georgian and frequent visitor to Jekyll Island, I have witnessed its significant revitalization and transformation over the years. In July, I was honored to step into my new role of stewarding Jekyll’s past, present, and future, as my predecessor, Jones Hooks, has done so meticulously for the past 15 years. Serving as a steward of the island is a source of great pride for me, and I am humbled to continue in his footsteps. I fully recognize the responsibility that comes with this role, and I am committed to upholding the values and vision that have made Jekyll Island a cherished destination for residents and visitors alike.

Senator Blake Tillery Chair Vidalia, GA

Joy Burch-Meeks Screven, GA

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

Senator Mike Hodges Brunswick, GA

Senator Billy Hickman Statesboro, GA

Representative Matt Hatchett Dublin, GA

Joseph B. Wilkinson, Jr. St. Simons Island, GA

Glen Willard Richmond Hill, GA

Walter Rabon Monticello, GA

Representative Buddy DeLoach Townsend, GA

Mark Williams, Executive Director Jekyll Island Authority

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ISLAND VISITATION

2023 AT A GLANCE TRAFFIC REVENUE $6.6M

$5.7M

3.6 MILLION VISITORS

$5.7M

*This data is based on the number of cars through the entry gate using a standard multiplier of 2.5 people per car.

$4.5M

Selig Center for Economic Growth, UGA

$4.2M

ISLAND REVITALIZATION BREAKDOWN 2019

2020

2021

2022

2023

57% INCREASE OVER 5 YEARS

REVENUE SOURCES

78% 22%

PRIVATE FUNDING $285,050,000 PUBLIC FUNDING $82,690,000 $367,740,000

>1% 2% 3% 4%

6% 8.8% 46% 14.7%

14.2%

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

OCCUPANCY REVENUE (HOTEL + SHORT TERM RENTALS)

$1,619,963 IN 2023

68% OVER 2022 5

GEORGIA SEA TURTLE CENTER

PUBLIC SAFETY FACILITY Construction for the Jekyll Island Public Safety Complex began in May 2023, with a groundbreaking ceremony. This facility is designed to consolidate the offices, vehicles, and living spaces of the Jekyll Island Fire/EMS departments and Georgia State Patrol Post 35, dedicated to serving Jekyll Island. Spanning 19,000 square feet, the complex will also feature a satellite Emergency Operations Center, ready for deployment during natural disasters or other critical events. By merging these two entities, significant cost savings are anticipated both during construction and in the long term, as shared common areas will eliminate redundancy for the public safety agencies involved.

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Concluding its year with remarkable accomplishments, the Georgia Sea Turtle Center, recognized as the official home of sea turtle season and the only sea turtle rehabilitation hospital in Georgia, showcased its pivotal role in coastal conservation. 2023 stood out as the second-busiest nesting season in Jekyll Island’s history, with a total of 217 sea turtle nests. A combination of a robust lighting ordinance, undeveloped beachfront, and effective conservation messaging contributed to the successful emergence of 14,000 hatchlings from these nests.

In addition to its conservation efforts, the Center engaged with a diverse audience through its beach programs, hosting a total of 1,035 participants.

Notably, 40% of walkers encountered nesting moms or hatchlings, while 70% of those on a program ride witnessed those awe-inspiring moments.

The retail operations of the Georgia Sea Turtle Center achieved a significant milestone, surpassing $1 million in sales and in July 2023 set a record high for monthly sales, exceeding $286,000. The implementation of timed ticketing during the summer of 2023 not only contributed to this success but also resulted in a more comfortable environment for guests, marking a positive change in the overall visitor engagement strategy of the GSTC. 15 7

CONSERVATION In the ongoing commitment to conservation, the latest initiative involves ornamental planting of muhly grass at strategic locations on the island. This includes the island entrance and Great Dunes Beach Park, where 3.5 acres of non-native turf grass was replaced with muhly grass and other flowering plants. This not only enhances the aesthetic appeal but also contributes to Jekyll’s diverse array of beachfront habitats, providing a nurturing environment for various wildlife species. To further bolster their conservation efforts, the team has made a significant addition by hiring its first Interpretive Naturalist. This new position is pivotal in expanding, developing, and managing programs such as Ranger Walks and Gatorology.

Beyond this, the Interpretive Naturalist will play a crucial role in preparing communications and content aimed at motivating positive stewardship. The overarching goal is to mitigate the environmental impacts of visitation and recreation on Jekyll Island, demonstrating the team’s dedication to sustainable practices and fostering a harmonious coexistence with the island’s natural ecosystem.

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HISTORIC RESOURCES In the 2023 fiscal year, Mosaic, Jekyll Island Museum achieved a remarkable milestone by generating a record-breaking revenue of more than $1.2 million, surpassing the previous year’s record.

This success was complemented by the museum welcoming over 52,000 visitors, marking a significant accomplishment for Jekyll’s historic resources division. A contributing factor to this financial achievement was the introduction of Holly Jolly Light Tours just three years ago. This initiative not only attracted a substantial number of visitors, but has now contributed more than $80,000 in additional revenue for 2023. November brought another highlight as the facility acquired a replica Model T, aptly named the Millionaire Motorcar. This addition is intended for private tours accommodating up to 5 guests and made its debut during the Holly Jolly Light Tours, further enhancing the museum’s immersive and engaging experiences. The year saw a continuation of the ongoing stabilization project for Faith Chapel’s Tiffany Window, which kicked off last year in honor of its 100 th anniversary. The meticulous process involved stabilizing and cleaning the window panels, through a delicate removal process. With support from the nonprofit Friends of Historic Jekyll Island, who provided matching funding, the restoration work was completed in October, and the Tiffany Window was successfully reinstalled. Building on the success of the Living History programming, the facility expanded its offerings by introducing new historical characters and unique opportunities for visitors to engage with history like never before. The Baker Crane Carriage House restabilization project received initial funding of $50,000 from Friends of Historic Jekyll Island. The beginning of the project involved the installation of new footings and piers to provide structural support to the building. This effort aims to stabilize the space, making it suitable for future use under the oversight of the Jekyll Island Authority.

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SUMMER WAVES

CAMPGROUND EXPANSION Progress on the 12-acre expansion is ongoing, marked by the recent completion of three out of four new ADA-compliant restroom and shower buildings. The installation of underground utilities for 54 new campsites and six yurts is approaching completion, and construction on the 5,000-square-foot campground store is set to begin soon. Notably, the Jekyll Island Campground boasts the highest occupancy percentage among all state park campgrounds in Georgia, maintaining an average of 84% over the past 12 months.

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Summer Waves Water Park unveiled a series of exciting additions this past year, enhancing the overall visitor experience.

Among these were the introduction of Splash Plus Cabanas, a group pavilion, and a notable inclusion – the Sensory Room.

The Sensory Room welcomes guests with sensory processing disorders, underlining the water park’s commitment to inclusivity for all visiting families. The design of this unique space was informed by valuable input from healthcare professionals, ensuring a thoughtful and accommodating environment. The positive impact of these enhancements was evident in the park’s attendance numbers. Over the season, Summer Waves welcomed a total of 128,723 visitors, and the combined revenue from admissions and retail operations exceeded a noteworthy $3.4 million. This success not only reflects the water park’s popularity but also highlights its dedication to providing an enjoyable and accessible experience for a diverse range of guests. Summer Waves Water Park, while only open three months of the year, remains the Jekyll Island Authority’s highest revenue-generating amenity on the island.

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GOLF The Jekyll Island Authority Board issued requests for proposals and subsequently awarded contracts for golf course architectural services to Brian Ross and Jeffrey Stein. Their teams are researching and revitalizing the nine remaining holes of the Great Dunes Golf Course, restoring them to the original Walter Travis design from the 1920s. Additionally, they will seamlessly integrate these restored holes with nine holes from Oleander, crafting a unified and enjoyable golf experience for the public. Completed rehabilitation drawings for Pine Lakes were received by original golf architect, Clyde Johnston, who is leading the renovation. These substantial renovations, in the planning stages since 2017, represent the first major golf course rehabilitation in over 15 years.

In November, a resolution to obtain a $20,305,000 bond for the Golf Course Improvement Plan through the Brunswick and Glynn County Development Authority was approved by the Jekyll Island Authority Board.

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MERCER MEDICAL CLINIC In January, construction on the Mercer Medical Clinic began and in September the state-of-the-art facility opened as an urgent care and primary care clinic. Mercer Medicine is operating in a 4,534-square-foot, second-floor space in the Beach Village.

The Jekyll Island Authority funded renovations of the facility to house the clinic, which offers primary and emergency care seven days per week to both residents and visitors to the island.

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JEKYLL ISLAND FOUNDATION OFFICERS Ember Bishop Bentley, Chair – Macon, GA

MEMBERSHIP REVENUE $91K

$71K

Hollis Linginfelter, Immediate Past Chair – Atlanta, GA Sean McGinnis, Vice Chair – Alpharetta, GA JJ Singh, Secretary – Brambleton, VA Thomas S. Lines, Treasurer – Tiger, GA Matt Reed, Nominations – Albany, GA Mark Williams, JIA Executive Director – St. Simons Island, GA (Ex Officio)

MEMBERS $58K

2021

2022

2023

56% INCREASE IN NUMBER OF MEMBERSHIPS OVER 3 YEARS

PROJECT FUNDING TO JIA

$85,892 IN 2022

BIKE PATH IMPROVEMENTS Expanding on the substantial restoration of bike paths in 2021, a new stretch of over 1.2 miles has been added to the bike path network, connecting Jekyll Island to the Guest Information Center on the Jekyll Island Causeway. This extension marks the island’s initial linkage to an off-island destination. An upcoming project by GDOT is anticipated to finalize the bike path extension from this point to State Highway 17, ultimately reaching the Sidney Lanier Bridge and fully connecting Jekyll Island to the mainland through its bike path network.

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$186,550 IN 2023

Sandra Bland – St. Simons Island, GA Kyle Chard – Jacksonville, FL Guyton Cochran – Carrollton, GA Melissa Furman – Evans, GA John Gross – Jekyll Island, GA Sean Hennessy – Atlanta, GA Lee Hughes – Savannah, GA Lee Jarboe – Alpharetta, GA A.W. “Bill” Jones III – Sea Island, GA Casey Cox Kerr – Camilla, GA Christie Kinsey – Jekyll Island, GA Donald Kirkland – Atlanta, GA Camila Knowles – Atlanta, GA Del Ross – Sandy Springs, GA Nancy Seymour – Elberton, GA Anna “Miki” Thomaston – Jesup, GA Gary Wadsten – Myrtle Beach, SC Dale Atkins, JIA Board Chair – Baxley, GA (Ex Officio)

ADVISORY BOARD Boog Candler – Atlanta, GA C.H. “Buff” Leavy IV – Brunswick, GA Hank Linginfelter – St. Simons Island, GA Daniel D. Ross – Dunwoody, GA Ken Wright – Dunwoody, GA Martha Zoller – Gainesville, GA

STAFF

117% YEAR OVER YEAR

Dion Davis, JIF Executive Director

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Total Revenues Total Revenues Financial Results Financial Results Fiscal Year 2023* Fiscal Year 2023* Financial Results Fiscal Year 2023*

FINANCIAL RESULTS FISCAL YEAR 2023* FY2023* FY2023* FY2022*

enues

Revenues

nistration Administration

venues

Business Leases ness Leases ministration Hotel Tax l Tax usiness Leases Tourism ism Development Fund Development Fund otel Parking ing Tax

ourism Development Fund Interest est arking Lot Rentals Rentals terest Foundation ndation ot Rentals Airport ort

oundation Administration revenue inistration revenue rport Beach Village ch Village dministration revenue Intern Housing n Housing each Village

Total Administration otal Administration tern Housing

Enterprises prises Total Administration Golf

terprises vention Center Convention Center

olf Summer Waves mer Waves onvention pground CenterCampground ummer s GoodWaves Life is Good ampground Museum eum

fe isSea Good Georgia Sea Turtle Center rgia Turtle Center useum Conservation servation

eorgiaGolf Sea& Turtle Center Golf & Bikes Miniature ature Bikes onservation Water/Wastewater er/Wastewater iniature Sanitation tation Golf & Bikes Water/Wastewater Fire Department Department

anitation Tennis nis re Department Marketing, Special Events & Sales eting, Special Events & Sales ennis Guest Information Center st Information Center arketing, Special Events & Sales p Jekyll & SoccerCamp FieldsJekyll & Soccer Fields

uest Information Center Roads & Trails dscaping, RoadsLandscaping, & Trails amp & Soccer Fields Vehicle & Equipment Maintenance cle &Jekyll Equipment Maintenance andscaping, Roads & Trails Facility Maintenance ity Maintenance ehicle & Equipment Maintenance Golf Course Maintenance Course Maintenance acility Maintenance

otal Enterprises Total Enterprises

olf Course Maintenance

al Revenues Total Revenues Total Enterprises

Total Revenues

16 enses

Expenses

$$

$

FY2023*

FY2022*

6,203,995 2,715,908 6,203,995 1,152,917 2,715,908 5,968,300

6,203,995 6,311,680 2,715,908 2,671,644 6,311,680 1,152,917 1,136,953 2,671,644 5,968,300 5,656,157

$

1,152,917 320,297 5,968,300 995,601 320,297 8,497 995,601 22,274 8,497 179,137 22,274 1,661

179,137 45,415 1,661 17,614,002 45,415 17,614,002 3,026,390 5,719,495 3,026,390 3,208,684 5,719,495 2,661,921 3,208,684 312,356 2,661,921 1,383,985

$

1,136,953 320,297 10,511 5,656,157 995,601 1,087,820

10,511 8,497 8,288 1,087,820 22,274 23,123 8,288 179,137 319,434

23,123 1,661 319,434 45,415 49,260 17,614,002 17,274,869 49,260 17,274,869 3,026,390 2,797,880 5,719,495 4,228,622 2,797,880 3,208,684 2,771,677

312,356 2,520,337 1,383,985 10,181

4,228,622 2,661,921 2,316,846 2,771,677 312,356 354,804 2,316,846 1,383,985 1,186,804 354,804 2,520,337 2,596,202 1,186,804 10,181 42,072

555,222 147,488 1,480,582 433,012

578,252 147,488 133,872 1,384,286 433,012 252,518

2,520,337 455,176 10,181 1,767,907 455,176 555,222 1,767,907 1,480,582

147,488 272,547 433,012 204,499 272,547 126,687 204,499 3,333

2,596,202 455,176 499,089 42,072 1,767,907 1,796,033 499,089 555,222 578,252 1,796,033 1,480,582 1,384,286

133,872 272,547 262,402 252,518 204,499 175,065 262,402 126,687 42,321 175,065 3,333 10,024

126,687 10,101 3,333 10,101 24,299,905 41,913,906 24,299,905

42,321 10,101 4,147 10,024 2344,147 24,299,905 21,433,151 234 41,913,906 38,708,020 21,433,151

41,913,906

38,708,020

ExpensesExpenses FY2022* VARIANCE

(000's)

$

%

VARIANCE

(000's)

%

Repairs - Facilities & Grounds Human Resources Human Resources Utilities& Materials Supplies Supplies & Materials VARIANCE Insurance Advertising & Sales (000's) Advertising % & Sales Repairs Facilities & &Grounds Contracts Repairs -Grounds Facilities & Grounds Repairs - Facilities Utilities Rentals Utilities Utilities

Insurance Printing Insurance Insurance 6,311,680-2% (108) -2% (108) Contracts Motor Vehicle Contracts Contracts 44 2% 442,671,644 2% Rentals Telephone Rentals Rentals (108) 1,136,953 1%-2% 16 1% 16 Printing EquipmentPrinting Purchase <$1K Printing 44 6% 3125,656,157 6%2% 312 Motor Vehicle Equipment Purchase $1K to $5K Motor Vehicle Motor Vehicle 2947% 310 1610,511 2947%1% 310 Telephone Travel Telephone Telephone 312 1,087,820-8%6% (92) -8% (92) Equipment <$1K Dues Purchase Equipment Purchase <$1K Equipment Purchase <$1K 0 3% 0310 8,2882947% 3% Equipment Purchase $1K toto$5K Credit Card Fees Equipment Purchase Equipment Purchase $1K $5K $1K to $5K (92) 23,123-4%-8% (1) -4% (1) Travel Bank Fees Travel Travel 0 -44% (140) 319,434 -44%3% (140) Dues Dues DuesTotal Expenditures (1) -4% 2 0% 2 0% Credit Card Fees Credit Card Fees Credit Card Fees (140) -44% (4) 49,260-8% -8% (4) Bank Fees Net Operating BankCash Fees Income ** Bank Fees 2 0% 17,274,869 2% 339 2% 339 Total (4) -8% Total Expenditures TotalExpenditures Expenditures

41,913,906

38,708,020 41,913,906

FY2023*

FY2022*

$

3,206 38,708,020

$

8% 3,206

VARIANCE

(000's)

%

2,438,28617,263,686 2,082,27914,806,787 17% 17,263,686 14,806,787 2,457356 17% 2,457 1 1,886,914 1,854,138 33 2% 2,303,367 1,961,292 342 17% 2,303,367 1,961,292 342 1 FY2023* FY2022* VARIANCE FY2023* FY2022* FY2023* FY2022* VARIANCE VARIANCE 933,780 90 10% $ $1,023,603 1,381,956 $ (000's) % 1,381,956 993,937 388 39% 993,937 388 $ $ (000's) (000's) %3 $ % 2,438,286 2,082,279 356 17% 4,329,770 3,223,443 1,106 34% 356 1 2,438,286 2,438,286 2,082,279 2,082,279 356 17% 1,886,914 1,854,138 3333 2% 835,192 1,886,914 704,724 1,854,138 130 19% 33 1,886,914 1,854,138 2% 1,023,603 933,780 909067 183,744 1,023,603 116,588 933,780 1,023,603 933,780 4,329,770 3,223,443 1,106 310,634 4,329,770 280,358 3,223,443 4,329,770 3,223,443 1,10630 835,192 704,724 130 107,412 106,515 835,192704,724 704,724 835,192 130 1 183,744 122,134 183,744 310,634 89,886 310,634 107,412 68,026 107,412 122,134 458,918 122,134 89,886 694,829 89,886

116,588 111,505 183,744 116,588 280,358 105,093 310,634280,358 106,515 37,318 107,412106,515

111,505 320,360 122,134 111,505 105,093 550,645 89,886105,093 37,318 943 68,026 37,318 320,360 458,918320,360 28,189,704 550,645 694,829 550,645 943 10,518,316 1,730 943

676711 116,588 3030 (15) 280,358 1 106,515 131

1

3 1

58% 10% 67 58% 11% -14% 30 11% 1% 82% 1 1%

5

1

10% 43% 11 10% -14% 26% (15) -14% 82% 84% 31 82% 43% 139 43% 19% 26% 144 26% 84% -20% 1 84%

1 -1

33,500,086 28,189,704 5,310 33,500,086 33,500,086 28,189,704 28,189,704 5,310

19% 5,310 19%

1

339 2% Net **** Income ** 8,413,821 10,518,316 (2,104) NetCash Operating Cash NetOperating Operating CashIncome Income 8,413,821 10,518,316 (2,104) 175,000 8,413,821 175,00010,518,316 229Parking Fee 8%- Fire equipment reserve 2292,797,880 8% Parking Fee - Water/Sewer Improvements 35% 1,4914,228,62235% 1,491 Board Designated Fund Contributions Board Designated Fund Contributions Water/Sewer reserves 311,560 424,596 Board Designated Fund Contributions 2,771,67716%8% 437 16% 437229 Fire Equipment reserves reserve 58,029 Parking - Parking Fire 175,000 175,000 1,491 35% 345 Fee - Firereserve equipment reserve 175,000 175,000 ParkingFee Fee - Fireequipment equipment 175,000 175,000 2,316,84615% 15% 345 Tourism Development Fund 1,152,917 1,136,953 Parking Fee Water/Sewer Improvements -Parking Fee Water/Sewer Improvements Parking Fee Water/Sewer Improvements 437 16% 354,804 (42) -12% (42) -12% Beach Village Entertainment Fees - carryover 37,148 Water/Sewer reserves 311,560 424,596 Water/Sewer reserves 311,560 424,596 Water/Sewer reserves 311,560 424,596 345 15% 197Public area 17% 1971,186,80417% &reserves Utilities improvement fund 568,570 1,252,160 Fire -Fire Equipment reserves - 58,029 58,029 FireEquipment Equipment reserves 58,029 (42) -12% (76) 2,596,202 -3% (76) -3% Ecological & Outdoor area Design (Golf Course) 100,000 Tourism Development Fund 1,152,917 1,136,953 Tourism Development Fund 1,152,917 1,136,953 Tourism Development Fund 1,152,917 1,136,953 19742,072 17% (32) -76% (32) -76% Beach Entertainment Fees carryover -37,148 Total Board Designated Contributions 2,308,048 Beach Village Entertainment Fees - carryover - 3,083,885 37,148 BeachVillage Village Entertainment Fees-Fund - carryover 37,148 (76) 499,089-9%-3% Public (44) area &-9% (44) Utilities improvement fund 568,570 1,252,160 Public area & Utilities improvement fund 568,570 1,252,160 Public area & Utilities improvement fund 568,570 1,252,160 Amount -2% Available forDesign Capital or Cash Reserves 6,105,773 7,434,431 (32) -76% Ecological 1,796,033 (28) (28) -2% 100,000 -Ecological & Outdoor area Design 100,000 Ecological& &Outdoor Outdoorarea area Design(Golf (GolfCourse) Course)(Golf Course) 100,000 (44) -9% (23) -4% (23) 578,252-4% Capital Projects and Equipment 5,001,808 5,431,905 Total Board Designated Fund Contributions 2,308,048 3,083,885 Total Board Designated Fund Contributions 2,308,048 3,083,885 Total Board Designated Fund Contributions 2,308,048 3,083,885 (28) 7% 961,384,286 7%-2% 96

-20% (2,104) -20%

-2

Board Designated Fund Contributions

Balance Available for Cash Reserves

68,026 1,730 68,026 458,918 458,918 33,500,086 694,829 694,829 1,730 8,413,821 1,730

1,103,965

1111 139 111,505 (15) 144 105,093 (15) 31 37,318 31 1 139 320,360 139 5,310 144 550,645 144 11 (2,104) 943

10% 58% 90 10% 34% 11% 1,106 34% 19% 1% 130 19%

8 4

2

8

2,002,526

for Capital Reserves 7,434,431 133,87210%-4% Amount 14 10% Amount Available for Capital or Cash Reserves 6,105,773 AmountAvailable Available for Capitalor orCash Cash Reserves 6,105,773 6,105,773 7,434,431 7,434,431 14(23) 252,51871%7% 180 71% 180 96 Capital Projects and Equipment 5,001,808 5,431,905 Capital and Equipment Capital Projects andProjects Equipment 5,001,808 5,001,808 5,431,905 5,431,905 10% 10 262,402 4% 4% 10 14 Balance for Cash 1,103,965 2,002,526 Balance Available for Cash Reserves BalanceAvailable Available for CashReserves Reserves 1,103,965 1,103,965 2,002,526 2,002,526 71% 29 175,06517% 17% 29180 199% 84 1042,321 199%4% 84 **Amounts are on a budget basis format. Board Designated Fund Contributions and Capital Projects and Equipment are funded from current year revenues. These amounts are designated (set aside) from current year funds for equipment or projects and if not spent 17% (7) -67% (7)2910,024 -67%

199% 6 6 84 4,147 144% (7) -67% 234 (0) (0) -100% 6 144% 21,433,15113% 2,867 2,867 (0) -100% 38,708,020 8% 3,206 3,206 2,867 13% 3,206

8%

in the current fiscal year, will be spent in subsequent fiscal years, depending on the timeline of the project.

144% *The financial information in this self-published Jekyll Island Authority Annual Report contains unaudited figures and is presented

in a budget basis format which is used for operational management and oversight. Jekyll Island Authority’s financial information is -100% reviewed annually by the State Department of Audits and Accounts and is included in the State of Georgia’s Annual Comprehensive Financial Report (ACFR). Financial stewardship is a high priority and the Jekyll Island Authority has a history of clean reports from 13% the Georgia Department of Audits. All financial information contained in this self-published report is believed to be accurate and error-free but should only be used for informational purposes. The Jekyll Island Authority shall not be liable for any loss of profit or 8% any other commercial damages, including but not limited to special, incidental, consequential or other damages related to unintentional typographical or other errors, omissions or inaccuracies of the information contained in this document.

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