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The Glenville Democrat
Glenville, West Virginia
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December 16, 2004     The Glenville Democrat
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December 16, 2004
 

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t I Page 4B --- The Glenville Democrat/Pathfinder -- Thursday, Dec. 16, 2004 -- HONORABLE MEMBERS OF THE On.MER COUICt'Y ~ The Gllmer County Clerk's Office is pleased to submit to the Gllmer County Commlesion the Annual Financial Report for Gllmer County, West Virginca for the fiscal year ended June 30, 2004. These statements are provided to the ~ Commission, taxpayers, our bondholders and other interested parties with detailed information concerning the financial condition and ~ of the county government. These statam~ta are on file in my office as required by West Virginia Code. Responsibility for both the accuracy Of the presented data and the completeness and f~imess of the presentation, including all disclosures, rests with the county. The annual report is pre~tad In three sections: Introductory, financial and schedules. The Introductory section incfudes this transmittal letter, a fist of all funds included in this report and a list of officials. The financial section includes the general - purpose financial statements with the combining and indivk:k~l fund and account group financial statements. The schedule section contains a schedule of vendors with yearly expenditures. The statistical section includes selected financial informetion. To the best of our knowledge and belief, the enclosed data is accurate In all material respects, and is organized in a manner designed to fairly present the financial position and result of operation of the county as measured by the financial activity of its venous funds and account groups. We also believe that all disclosures necessary to enable the reader to gain the maximum understanding of the county financial affairs have been included. These financial statements are prepared in accordance wflh generally accepted accounting pdnclpk~ for governments as prescribed by the Governmental Accounting Board. (G.A.S.B.) and other professionel associations as applicable. The general-purpose financial statements, and notes to the financial statements, along with the Vendor's List, are published annually in the local newspaper as a Class I-O legal advertisement in compliance with West VirgCda Code 7-5-16. These statements, along with the full Annual Finanoal Report, are available for public Inspection k~ the Office of the Gilmer County Clerk dudng regular bosiness hours. to the financial statements are an integral part of this statement. GILMER COUNTY, WEST VIRGINIA BALANCE SHEET - GOVERMENTAL FUNDS June 30, 2004 General Coal Rainy County Severance Day Current: Cash $104,865.14 22,749.01 30,382.50 Investments, at cost 0.00 0.00 0.03 Receivables, net of allowances: Taxes $57,037.24 0.00 0.00 Other Governmental Funds 55,786.92 0.00 0.00 Total Governmental Funds $213,783.57 0.00 $57,037.24 Account receivables $99,033.38 0.00 0.00 0.00 $99,033.38 Due from: Other funds0.00 0.03 0.00 0.00 0.00 Other governments 0.00 0.03 0.00 0.00 0.00 Total assets $260,935.76 $22,749.01 $30,382.50 $55,786.92 $369,854.19 i, GILMER COUNTY, WEST VIRGINIA SCHEDULE OF FUNDS INCLUDED IN REPORT For the Fllcal Year Ended June 30, 2004 GOVERNMENTAL FUND TYPES Major Funds General County Coal Severance Tax Rainy Day Fund Nortm~o~ Funds Respectfully Submitted, Bevedy J. Marks County Clerk, Gilmer County, West Virginia Liabilities: Current liabilities: Accounts payables $10~319.16 0.00 0.00 0.00 $10,319.16 Payroll payable 1,418.50 0.00 0.00 0.00 1,418.50 Due to: Other govemmental entities 0.00 0.00 0.00 0.00 0.00 Other funds 0.00 0.00 0.00 0.00 0.00 Deferred revenues: Unavailable revenues 0.OO 0.03 0.00 0.00 0.00 Taxes 28,373.14 0.00 0.00 0.00 28,373. t 4 Total liabilities 40,110.80 0.00 0.00 0.00 40,110.80 Fund Balances: Reserved for capital projects 0.00 0.00 0.00 0.00 0.00 Unreserved 220,824.96 22,749.01 30,382.50 55,786.92 329,743.39 Total fund balances 220,824.96 22,749.01 30,382.50 55,786.92 329,743.39 Total liabilities and fund balances $250,935.76 $22,749.01 $30,382.50 $55,786.92 $369,854.19 The notes to the financial statements are an Integral part of this statement. OFFICE County Commission: Clerk of the County Commission Clerk of the Circuit Court Shenff i Prosecuting Attorney Assessor Assets Current assets: Cash and cash equivalents Investments Receivables (Net) Total Current Assets Noncurrent assets: Capital assets (Note 1): Land Building and equipment, net of depreciation Total noncurrent assets: Dog and Kennel General Scho~ Magistrate Court Worthless Check Emergency Services LaW Vital Sen'ices Levy Fire Dept Fund Home Continement Voter Registration WVDSRF Concealed Weapons Hazard M lgetion LLEBG DMV Museum FIOUCIARY FUND TYPES State Scho~ Mun p= County Offic GILMER COUNTY, WEST VIRGINIA COUNTY OFFICIALS For the Ftacal Yeer Ended Jura) 30, 2OO4 NAME ~VQ Reta l~ght Larry Chapman Charles Hess Beverly Marks Lane Smith Gary Rose Gerald Hough Gary Wolfe GILMER COUNTY, WEST VIRGINIA STATEMENT OF NET ASSETS June 30, 2004 TERM 01-01..03112-31.08 01-01-99 / 12-31 -04 01-01-01 / 12-31.06 01..01-99112-31-04 01-01-99 / 12-31-04 01-01-01 / 12-31.04 01.01-01 / 12-31KN 01.01-01 / 12-31..04 Primary Gove ent Governmental Activities $ 213,783.57 0.OO 263,770.00 GILMER COUNTY, WEST VIRGINIA STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES- GOVERMENTAL FUNDS For the Fiscal Year Ended June 30, 2004 Revenues: Taxes (including interest and penalties) Other Taxes Licenses and permits lntergovemmental: Federal State Local Reimbursements Charges for sen,,loes' Fines and forfeits Interest Misceilaneous General Other Total Coal Rainy Governmental Governmental Severance Day Funds Funds $1,039,804.83 O.OO 0.00 $455,662.40 137,895.14 11,391.92 0.00 5,577.60 1,839.50 0.00 0.(30 6,542.38 $29,613".39 0.00 0.00 $27,247.95 101,765.07 0.00 0.00 0.00 0.00 0.00 15,000.00 0.00 55,639.43 0.00 0.OO 0.00 42,854.33 0.00 0.00 10,356.10 180.00 0,00 0.00 21,570.50 1,319.89 125.43 382.50 225.44 205,290.26 0.00 0.00 88.56 Total revenues Exper~itures: $1,495,467.23 154,864.66 8,381.88 $56,861.34 101,765.07 15,000.00 55,639.43 53,210.43 21,750.50 2,053.26 205,378.82 $1,616,201.84 $11,517.33 $15,382.50 $527,270.93 $2,170,372.62 General government $1,555,020.03 0.00 0.00 $464,991.69 $I ,820,011.72 Public safety 358,339.33 20,745.00 0.00 24,775.77 403,860.10 Health and sanitation 91.00 0.00 0.00 4,373.95 4,464.95 Culture and recreation 0.00 0.00 0.00 22,874.00 22,874.00 Social senncas 0.00 0.00 0.00 0.00 0.00 Capital projects 0.00 0.00 0.00 0.00 0.03 $1,713,450.36 ($97,248.52) $20,745.00 0.00 ($9,227.65) $15,832.50 GILMER COUNTY, WEST VIRGINIA STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES- GOVERMENTAL FUNDS For the Fiscal Year Ended June 30, 2904 Total expenditures Excess (deficiency) of revenues over expenditures $517,015.77 $10,255.52 General County Other financing sources (uses): Taxes Receiveable $57,037.24 Accounts Receivable 99,033.38 Taxes Deferred (28,373.14) Transfers Out Transfers In $2,251,210.77 Total otharfinancing soumes(uses) $127,697.48 t 5) Excess (deficiency) of revenues and other financing sources over expenditures and other uses $,30,448.96 Fund balance~ at beginning of year $190,376.00 Other Total Coal Rainy Governmental Govemmental Severance ' Day Funds Funds 0.~ 0.~ 0.~ 0.~ 0.~ 0.03 15,000.00 Fund balances at end of year $220,824.96 0.~ 0.~ 0.~ $57,037.24 99,033.38 (28,373.14) 0.00 $127,697.48 (9,227.65) 15,382.50 10,255.52 48,859.33 31,976.66 15,000.00 45,531.40 282,884.06 $22,749.01 $30,382.50 $,55,786.92 $329,743.39 The notes to the financial statements are an integral part of this statement. Total Assets Liabilities Current liabilities: Accounts payable Payroll payable Noncurrant liabilities: Accrual Interest payable Compensated Absences Bonds Capital Leases Total liabilities: Net Assets Invested In capital assets Unrestdcted Total net assets Total liabilities and net assets The notes to the financial statements are an integral part of this statement. GILMER COUNTY, WEST VIRGINIA STATEMENT OF ACTIV1TES For the ~ Year Ended June 30, 2004 P zm z 0x m Expenses Charges Operating Capita for Grants and Grants and Services Contributions Contributions Functions / Programs Pdmary Government: General govemment 1,820,011.72 55,639.43 Public safety 403,860.10 0.00 Health and sanitation 4,464.95 0.00 Culture and recreation 22,874.00 0.013 Social services 0.00 0.OO Total govemmental activities 2,251,210.77 55,639.43 0.00 0.00 0.OO 0.OO 0.OO 0.00 Total Pdmary Government2,251,210.77 C.~neral revenues: Property taxes Other taxes Licenses and permits Federal State Local Unrestricted interest Miscellaneous 55,639.43 0.00 Total general revenues Change in net assets Net assets, beginning Net assets - ending 0.00 0.00 0.OO 0.OO 0.OO 0.OO 0.OO $10,319.16 1,418.50 0.00 0.00 0.00 o.oo 1,158,574.15 1,516,690.68 Net (Expense) Revenues and Changes in Pnmary Government Governmental Activities $1,764,372.29 403,860.10 4,464.95 22,874.00 0.00 $2,195,571 34 $2,195,571.34 $1,495,487.23 154,864.66 8,381.88 0.OO 56,861.34 101,765.07 55,639.43 53,210.43 $1,926,190.04 $13,502.76 $1,503,187.92 $1,516,690.68 Revenues: Ad veiorem property taxes Other taxes Licenses and permits Intergovernmental: Federal State Local Reimbursements Charges for service Fines and forfeits Interest Miscelianecus Total Revenues Expenditures: General Government Public Safety Health and sanitation Culture and recreation Social services Capital Projects Total Expenditures Excess (defiency) of revenues over expenditures GILMER COUNTY, WEST VIRGINIA BUDGETARY COMPARISON SCHEDULE GENERAL COUNTY FUND For the Fiscet Yeor Ended June 30, 2004 Actual Adjustments Acute Amounts Budget Amounts Modified Budget Budget Od nal Rnal Accrual BastsBasis Basle $1,039,246.00 1,043,747.00 1,041,568.66 134,925.00 154,925.00 137,895.14 1,750.00 1,750.00 1,839.50 14,407.00 29,613.39 101,765.00 101,765.07 0.OO 48,568.00 43,558.OO 55,639,43 29,200.00 20,000.00 42,854.33 200.00 2OO.OO 180.00 4,270..00 4,270.00 1,319.89 179,290.OO 213,057.OO 205,290.26 1,437,449.00 1,602,689.OO 1,618,365.67 O.OO $1,136,710.OO 1,428,023.OO 1,355,020.03 308,083.00 358,442.OO 358,339.33 6,1OO.OO 6,100.00 91 .OO 500.00 500.00 0.OO 0.OO 0.OO $1,451,393.OO $1,793,065.OO $1,713,450.36 0.OO ($13,944.00) ($190,376.00) ($95,084.69) O.OO Other tinencing sources (uses) Operating transfers in 0.00 0.OO 0.00 Operating transfers out 0.OO 0.OO 0.00 Capital leases revenues 0.OO O.OO 0.00 Proceeds from the sale of assets Total other sources (uses) 0.OO 0.00 0.OO Excess (deficiency) of revenues and other financing sources over expenditures and other uses Fund balance at beginning of year Fund balance at end of year a.~ER COUNTY, WEST Vi~miA BUDGETARY COMPARSION SCHEDULE GENERAL COUNTY FUND (CONTINUED) For the ~ Year Ended June 30, 2004 1,041,968.E6 137,895.14 1,83?.50 29,613.39 101,765.07 0.00 55,639.43 42,854.33 180.OO 1,319.89 205,290.26 I ,$18,365.67 1,355,O2O.O3 358,339.33 91.OO 0.00 0.00 0.OO $1,713,450.36 ($95,0G4.69) O.OO O.OO O.OO O.OO Variance with Bndget Posi0ve (Negative) (1,778.34) (17,029.86) 89.50 15,206.39 0.07 0.OO 7,071.43 22,854.33 (20.00) (2,950.11) (7,76s.74) 15,676.67 73,002.97 102.67 6,OO9.OO 500.00 0.00 O.OO $79,614.64 $95,291.3! 0.OO 0.OO 0.OO 0.OO Actual ActualAmounta Vartencaw th Budget Amounts Budget Bud t Fina Budget Original Final Accrual Basis Basis Basis Positive (Negative) ($13,944.00) ($190,376.00) ($95,084.69) 0.OO ($95,084.69) 190,376.00 95,291.31 190,376.00 0.00 95,291.31 13,944.00 190,376.00 0.00 0.00 $95,291.31 0.OO 95,291.31