Newspaper Archive of
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 6B ---.The Gienville Democrat/Pathrmder -- Thursday, Dec. 9, 2004 GILMER COUNTY, WEIPI" VIFIGINIA aml is delinquent on October fine the second instaiimer~ is due by March iiml and Is deiinqu~ ~ ~ ~ T~M ~ ~ ~ ~ ~ ~ ~ am BUDGETARY COMP~ ~ alowed s two and one half perce~ discounL A tax lien is Issued tot all tmpeid real estate taxes M ~ ~ ~M ~ ~ ~s ~ ~ ~ ~ am ~ COAL SEVERANCE TAX FUNO be~veen ~ fourteenth and Noventber TwentyThlrd of each yeer. Stdyda~ of es~rnated properly tax coleOllo~ am recorded asdefermd revenues For the Fire:el Yw Ended Ju~ 30, 2004 at the end of each f~year. A Actual Amounts Variance with 4. Inventory and Pr~ Items A B get Amounts A Revenues" Odglnal Final Basis Positive (Nega~e~ The cour~ considem kwentode= ot matedals and supplles uBized in the governmental fund type ~ ~ ~ m ~ ~ ~ ~. A ~, they do not appear in the countys flnanclal statements. A A Other Taxes $15,300.00 $15,300.00 $11,391.92 " ($3,908.08) 5. B~ A Licenses and pennis 0.00 0.00 0.00 0.00 A Interest 0.00 0.00 125.43 125.43 The couniy has no restricted assets to report during ~ fiscal year. A MIscel~rteogs 0.00 0.00 0.00 0.00 A 6, B Total Revenues $15,300.00 15,300.00 11,517.35 (3,782.65) Purchased of constructed capital assets are reported at cost or es~mated histodcal cost. Donated Itxed assets are to be ~ at their estimated B Expenditures: lair mark.st value at the date of donation. Depreciation has been recorded on capital assets. B Genera, S s,3oo.oo s. o.oo o.oo oo 7. sate o.oo o.oo ,7,,s.oo Health and sanitatlo~ 0.00 0.00 0.00 0.00 The liability lot compensated absences normally repotted in the government-wide financial statements consists o( unpaid ~ed annual and Culture and recreation 0.00 0.00 0.00 0.00 sick leave balances computed as a dollar value. Soc/al services 0.00 0.00 0.00 0.00 Cap~, ~ 0.0o o.oo o.oo o.oo 8. ~ Total expenditures $15,3(X).00 15,300.00 20,745.00 (5,445.00) In general-purpose financial statements, governmental fund types recognize the bond premiums and discount, as wen as bond issuance cost during the currant pedod. The face amount of debt issuances are reported as other financing soumes while ~ ~ ~ ~ ~ ~ ~ ~r t" Excess (deficiency) of revenues flmmc~g uses. Issuance cost, whether or not w~hheld from the actual del~ proceeds received, are reporled as debt service e~ ~ County over expenditures 0.00 0.00 (9,227.65) (5,445.00) has no debt sennce liabilities at this time. C C Other r~.~ sources (uses): 9. Operating trarL~ers in 0.00 0.0o o.oo o.o0 Operating transfers (out) 0.00 0.00 0.00 0.00 In the fund financial statements, governmental funds report any ~ of fund balance for amounts that are not available for al:)WoOdalk~ o~ are lega~f m~tricted by outside parties for use foe a specific purpose. Designatlons of fund balance represent tenta~ve manageme~ plans that am subject DD Total other funding to change. r~ o.oo o.oo o.oo o.oo 10. Excess (deficiency) of - - O revenues and other Encumbrances am commilments related to unpedormed (executory) contracts for goods or ,sen4ces. GHmer County has no encumbered monies at financing sources over June 30, 2004. expenditures and other uses 0.00 0.00 0.00 ($9,227.65) 1 1. Comoara ve da t a/qF,,J~=_~ i~n,= Fund balance at E beginning of year 0.00 0.00 $31,976.66 $31,976.66 The total columns on the combined f~tand~ statements are memorandum only. They are presented only to facilitate financial analysis. Dala in ~ese E o.o0 onot pms .nanc posa , rosu of operat )s or changes r anc ,posa CE" Fund balance at m~ner m such data comparable to a consolidation: Inter-fund activities have r~X been eliminated in the aggregation of the data. end of year u 0.00 0.00 $22,749.01 $13,521.36 Not~ 2. Reconciliaticm of ammrnme~t-wkia and fund ~-~ Matama~ G The notes to the financial statements am an ~tegml pan of this statement, r JL~ ~ gOV~r~ fund ~ ~t ~ a r~o~o~ b~r~ ~d b~l~C~ o~ tO~ ~ funds and n~ ~ . ~ G ~ a:s reported in the government-wide statement o~ ne~ assets, l~e governmental fund mt~ ~ ~, ~ ~ ~ ~ ~ ~ance~ mouoes a reconc~lalk)n between net changes In fund balances, total governmerdal fund. and ~ ~ ~ ~ ~ ~ ~ GILMER COUNTY, WEST VIRGINIA as reported in the governmental statement of a~. G STATEMENT OF FIOUClARY NET ASSETS tJ FIDUCIARY FUND~ NoB) 3. ~ conml~lanee and a~ount~mv H H Jun~ 30, 2004 H A Budge H State School Municipal ~ AGENCY Tne ~ are the statutory procedures followed by the Cour~y Commission m establistW~ the budget ~ ~ ~, W~ ~ I[ ff : 1. Pdor to March 2nd of each year, the varlous elected officials submit to ~he ~ Commtssk~ proposed ~ ~ ~ ~ ~ ~ ~ It r~al year o0mmenctng July 1. tr nd cash equivalents $264.96 $22,889.86 $1 486 27 . 0 00 $24,641.09 ff Inve~ 0.00 0.00 ' 0:00 0:00 0.00 2. Upo~ rm4ew and aR:~oval o~ IP.-,,=~e mquesls, ~'~e County ~ prepan~ ~ bulge~ on iom~ i~mcdbed W ~ ~ ~ ~ K Total assets 264.~ ~ 1.486~7 0.00 ~ 3. T~ Counly ~ Itmn mco~,enes on the ttWd Tuesday in Apdl to hear objectiom horn the pubic ~ ~ ~ ~ ~ ~. ~ ~ ,~ such appmveo amou,~. The ~ ixese~e~ were pr~ared on U~e mod~d acoual ba~s o~ accoum~. LL Accounts payable 0.00 0.00 0.00 0.00 0.00 Other goveffallerdal entities $264.96 $22,889.86 $1,486.27 " 0.0() $24,641.0~ ~ 4. Da~idl~d notes on all L Other funds 0.00 0.00 0.00 u.uu u.w A. Deposits and ~ L Total llal~HUes ~ ~ $1.486~7 0.00 $~ .. _ AJ June.30, 2004, the ~ amount of the county bank depos~ was $326,802.74 NI of the total ~ ~ m ~ ~ ~ ~ IV The notes to the flnandal stat~ are an Integral P~Ul of ~is statemenL ~ i~ C/o~l~n (FDIC) ~ 8XKI W [ d~00~)~y I~01C~ ~0pR3~,~)d W ~ C, oun~ ~" 1~ The balance held as conservator by the Shedff at june 30, 2004 totaled $30,978.33. " GILMF.R COUNTY, WEST VIRGINIA NOTE~ TO IHE FltANOIAL I~I'ATEMENT~ The balance held in g~al mc~ve~ for lhe cWcuit court was $138,544.33. Fro, the Fhlcld Yw Ended June 30, :L~04 B. Receivables , IV No~ 1. Summary of Slaniflcm~ Aountlna ~ M The ,ccount,ng polides and the presentation of the lk~_. mPO~ ~ ~r ~' ~'~_~: ~ ~ ~~~~ Pno, year mcoivables of year end for the county genora, fund is accn~ for. porkxi o# sb(ty days. ~ M accaetad accountino orinct~ as ~opacable to govemme~ un~, in accoroance ~ me u~ ,,~oou,L~ ?~,~ ~ ,. Not= oth~ lelk=~,u~ A. Reporting Entity " , N - c m ..w=Lv,.gintap?.ruc t intwo tt :co=s amg. N cot~-wk:le which are: County Commission, County Clerk, Circle Clerk, Assessor, ~ ==11