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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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Page 4B -- The Glenville Democrat/Pathfinder --- Thursday, Dec. 9, 2004 HONORABLE MEMBERS OF THE GILMER COUNTY COMMISSION The Gllmer County CleriCs Office is pleased to submit to the Gilmer County Commission the Annual Financial Report for Gilrner County, West Virginia for the fiscal year anded Juna 30, 2004. These statements are provided to the County Commission, taxpayers, our bondholders and other interested parties vHth detailed information concerning the tinancial condition and activities of tt~ county govemrnent. These statements 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 fairness of the presentation, including all disclosures, rests with the county. The annual report is presented in three sections: introductory, financial and schedules. The introductory sec0on includes this tranc=mittal letter, a list of all funds included in tl'ds report and a list of officials. The financial section includes the general - purpose financial statements with the combining and individual fund and account group financial statements. The schedule section contains a schedule of vendors with yearly expenditures. TI~ statistical section includes selected financial information. 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 various 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 with generally accepted accounting principles for governments as prescribed by the Governmental Accounting Board. (G.A.SB.) and other professional associations as ap~icable. The ganeral-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 complia nca with West Virginia Code 7-5-16. These statements, along with the full Annual Financial Report, are available for public inspection in the Office of the Gilmer County Clerk punng regular business hours. Respectfully Submitted, Beverly J. Marks County Clerk, Gilmer County, West Virginia GILMER COUNTY, WEST VIRGINIA SCHEDULE OF FUNDS INCLUDED IN REPORT For the Ftacal Year Ended June 30, 2004 GOVERNMENTAL FUND TYPES Major Funds General County Coal Severance Tax Rainy Day Fund Nonmajor Funds '1 Dog and Kennel General School Magistrate Court Worthless Check Emergency Services Levy Vital Ser',qces Levy Fire Dept Fund Home Confinement Voter Registration WVDSRF Concealed Weapons Hazard Mitigation LLEBG DMV Museum FIDUCIARY FUND TYPES State School Municipal County Offices GILMER COUNTY, WEST VIRGINIA COUNTY OFFICIALS For the Fiscal Year Ended June 30, 2004 OFFICE NAME TERM Elective County Commission: Reta Kight Larry Chapman Charles Hess 01-01-03112-31-08 01-0%99112-31 -04 01.01.01 / 12-31.06 Clerk of the County Commission Beverly Marks 01.01-99 / 12-31-04 Clerk of the Cimuit Court Sheriff Prosecuting Attorney Assessor Lane Smith Gary Rose Gerald Hough Gary Wolfe 01.01-99 / 12-31-04 01-01-01 / 12-31-04 01-01-01 / 12-31-04 01-01-01 / 12-31-04 Assets Current asset Cash and cash equivalents Investments Recelvablas (Net) Total Current Assets Noncurrent assets: Capital assets (Note 1): Land Building and equipment, net of depreciation Total noncurrent assets: GILMER COUNTY, WEST VIRGINIA STATEMENT OF NET ASSETS June 30, 2004 Primary Goverr~nental $ 213,783.57 0.00 3tz,q M l_ 263,770.00 Total Assets Liabilities Current liabilities: Accounts payable Payroll payable Noncurmnt liabilities: Accrual Interest payable Compensated Absences Bonds Capital Leases Total liabilities: $10,319.16 1,418.50 0.00 0.00 0.00 o.00 2.3Z,66 1,158,574.15 35Z.t6 1,516,690.68 ZZ.SZ. 6 Net Assets Invested in capital assets Unrestricted Total nat 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 ACTIVITES For the FIlcal Year Ended June 30, 2004 Expenses Charges Operating for Grants and Services Contributions Capital Grants and Contributions Net (Expense) Revenues and Changes in Primary Government Govemmantst Activities Functions / Programs Pdmary Government: General govemment 1,820,011.72 Public safety 403,860.10 Health and sanitation 4,464.95 Culture and recreation 22,874.00 Social services 0.00 Total governmental activities 2,251,210.77 55,639.43 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 000 55,639.43 0.00 0.00 $1,764,372.29 0.00 403,860.10 0.00 4,464.95 0.0~ 22,874.00 0.00 0.00 0.00 $2,195,571.34 Total Primary Govemment 2,251,210.77 55,639.43 0.00 0.00 $2,195,571.34 General revenues: Proparty taxes Other taxes Licenses and permits Federal State Local Unrestricted interest Miscellaneous $1,495,467.23 154,864.66 8,381.88 0.00 56,861.34 101,765.07 55,639.43 53,210.43 Total genaml revenues Change in net assets Net assets - beginning $1,926,190.04 $13,502.76 $1,503,187.92 Net assets - ending $1,516,690.68 The notes to the financial statements are an integral part of this statement. GILMER COUNTY, WEST VIRGINIA BALANCE SHEET - GOVERMENTAL FUNDS June 30, 2004 Asse General Coal Rainy County Severance Day Current: Gash $104,865.14 22,749.01 30,382.50 Investments, at cost 0.00 0.00 0.00 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 I $57,037.24 Account receivables $99,033.38 O.00 0.00 0.00 $99,933.38 Due from: Other funds0.00 0.00 0.00 0.00 0.00 Other governments 0.00 0.00 0.00 0.00 0.00 Total assets $260,935.76 $22,749.01 $30,382.50 $55,786.92 $369,854.19 Current liabilities: Accounts payables $10,319.16 0.00 0.00 0.00 $10,319.16 Payrog payable 1,418.50 0.00 0.00 0.00 1,418.50 Due to: Other governmental 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 mvanues 0.00 0.00 0.00 0.00 0.00 Taxes 28,373.14 0.00 0.00 0.00 28,373.14 Tot.al liabilities 40,110.80 0.00 0.00 0.00 40,110.80 Fund Balances: Reserved for capital projects 0.00 0.00 000 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 $260,935.76 $22,749.01 $30,382.50 $55,786.92 $369,854.19 The notes to the financial statements am an Integral part of this statement. 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 (inctuding interest and penalties) Other Taxes Licansas and parm~ Intergovemmantal: Federal State Local Reknbu~ Charges for services Fines and forfeits Interest Miscellaneous General Other Total Coal Rainy Governmental Governmental Severance Day Funds Funds Total mvenuas Expenditures: $1,039,804.83 0.00 0.00 $455,662.40 137,895.14 11,391.92 0.00 5,577.60 1,839.50 0.00 0.00 6,542.38 $29,613.39 0.00 0.00 $27,247.95 101,765.07 0.00 0.00 0.00 0.(X) 0.00 15,000.00 0.00 55,639.43 0.00 0.00 0.00 42,854.33 0.00 0.00 10,356.10 180.00 0.00 O.00 21,570.50 1,319.89 125.43 382.50 225.44 205,290.26 0.00 0.00 88.56 $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 $11,517.35 $15,382.50 $527,270.93 $2,170,372.62 Ger~ml government $1,355,020.03 0.00 0.00 $464,991.69 $1,820,011.72 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 services 0.00 0.00 0.00 0.00 0.00 Capital projects 0.00 0.00 0.00 0.00 0.00 $1,71 3,450.36 Total expenditures $20,745.00 0.00 Excess (deficiency) of revenues over expenditures $517,015.77 $2,251,210.77 ($97,248.52) ($9,227.65) $15,832.50 $10,255.52 ($80,838.15) General County Other financing sources (uses): Taxes Recelveabla $57,037.24 Accounts Receivable 99,033.38 Taxes Deferred (28,373.14) Transfers Out Transfers In Total other financing sources (uses) $127,697.48 Excess (der.: cy) of revenues and o~er financing sources over expenditures and other uses $30,448.96 GILMER COUNTY, WEST VIRGINIA STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES- GOVERMENTAL FUNDS For the Fiscal Year Ended June 30, 2004 Other Coal Rainy Governmen~ Severance Day Funds 0.00 0.00 0.00 0.00 0.00 0.00 15,000.00 0.00 "0.00 0.00 Fundbaiarcecetbeginrdngof year $190,376.00 Fund balances at end of year $220,624.96 Total Govemmental Funds $57,037.24 99,033.38 (28,373.14) 0.00 $127,697.48 (9,227.65) 15,382.50 10,255.52 46,859.33 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 am an integral part of this statement. GILMER COUNTY, WEST VIRGINIA BUDGETARY COMPARISON SCHEDULE GENERAL COUNTY FUND For the Fi~..al Year Ended June 30, 2004 Fmal Actual Adjustments Acute Amounts Mocked Budget Budget Accrual Basis Basis Basis Budget Amounts $1,039,246.00 1,043,747.001,041,568.66 134,925.00 154,925.00 137,895.14 1,750.00 1,750.00 1,839.50 14,407.00 29,613.39 101,765.00 101,765.07 0.00 48,568.00 48,568.00 55,639.43 29,200.00 20,000.00 42,854.33 200.00 200.00 180.00 4,270.00 4,270.00 1,319.89 179,290.00 213,057.00 205,290.26 1,602,689.00 1,618,365.67 1,428,023.00 1,355,020.03 358,442.OO 358,339.33 6,100.00 91.00 500.00 0.00 0.00 0.00 $1,793,065.00 $1,713,450.36 1,437,449.00 $1,136,710.00 308,083.00 6,100.00 500.00 Revenues: Ad valorem property taxas Otbar taxes Intergovernrnental: Federal State Local Reimbursements for service Fines and forf~ts Interest Miscellaneous Total Revenues F_xpE~Fldi~ras: General Government Public Safety Health and sanitation Culture and recreet~on Social services Capri Projects Total Expenditures Excess (deflancy) of revenues over expenditures 1,041,968.66 137,895.14 1,839.50 29,613.39 101,765.07 0.00 55,639.43 42,854.33 180.00 1,31 9.89 205,290.26 0.00 1,618,365.67 $1,451,393.00 ($13,944.00) 1,355,020.03 358,339.33 91.00 0.00 0.00 0.00 0.00 $1,713,450.36 0.00 ($95,084.69) 0.00 0.00 0.00 0.00 ($190,376.00) ($95,084.69) Other r. anc j sources (uses) Operating transfers in 0.00 0.00 0.00 Operating transfers out 0.00 0.00 0.00 Capital leases revenues 0.00 0.00 0.00 Proceeds from the sale of assets Total other sources (uses) 0.00 0.00 0.00 GILMER COUNTy, WEST VIRGINIA BUDGETARY COMPARSION SCH=,... GENIE~,- ...... ~;~,,~; ~.uumiv FUNO (CONTINUED) For the Filcal year Ended June 30, 2004 Variance with Budget Positive (Negative) Excess (deficiency) of revenues and other financing sources over expenditures and other uses (1,778.34) (17,029.86) 89.50 15,206.39 0.07 0.00 7,071.43 22,854.33 (20.00) (2,950.11) (7,766.74) Fund balance at beginning of year Fund balance at end of year 15,676.67 73,002.97 102.67 6,009.00 500.00 0.00 0.00 $79,614.64. $95,291.31 0.00 O.O0 0.00 0.00 Actual Adjustments Actual Amounts Variance ~th Budget Amounts Modified Budget Budget Final Budget Original FinalACcrual Basis Basis Basis Positive (Negative) 0.00 ($95,084.69) 190,376.00 ($13,944.00) ($190,376.00) ($95,084.69) 13,944.00 190,376.00 190,376.00 0.00 0.00 95,291.31 0.00 95,291.31 $95,291.31 0.00 95,291.31 I, C It F r T L L A E [ ] -[ F F F L 1 1 1