Newspaper Archive of
The Glenville Democrat
Glenville, West Virginia
December 16, 2004     The Glenville Democrat
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December 16, 2004

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Page 6B --- The Glenville Democrat/Pathfinder -- Thursday, Dec. 9, 2004 Revenues'. GILMER OOUNTY, ~ VII~INIA BUDGETARY OMPAJ~IS(~H SCHEDULE COAJI. SEVERN~CE TAX FUND For Uto Fiscld YIr Ended June ll0, 2904 ActuaJ Amounts sm0et ou.= eu(mt Odglnal Rnal Basts Vadance wtth RnaJ Bud Pos~ve (Negative) Other Taxes $15,300.00 $15,300.00 $11,391.92 " ($3,908.08) and permits 0.00 0.00 0.00 0.00 Interest 0.00 0.00 125.43 125.43 Miscellaneous 0.00 0.00 0.00 0.00 Total Revenues $15,300.00 15,300.00 11,517.35 (3,782.65) Expenditures: General government $15,300.00 15,300.00 0.00 15,300.00 Public Safety 0.00 0.00 20,745.00 (20,745.00) Health and sanitation 0.00 0+00 0.00 0.00 Culture and recreation 0.00 0.00 0.00 0.00 Social services 0.00 0.00 0.00 0.00 Capital projects 0.00 0,00 0.00 0.00 $15,300.00 15,300.00 20,745.00 (5,445.00) Total expenOtums Excess (deficiency) of revenues over expenditures 0.00 0.00 Other fmanc~ sources (uses): Operating transfers in 0.00 0,00 Operating transfers (out) 0.00 0.00 Total other funding sources (uses)0.00 0.00 (9,227.65) 0+00 0.00 0.00 0.~ 0.~ 0.~ Excess (dam:kmcy) of revenues and other .nanc~g sources over expenditures and other uses (5.445.00) 0.00 0.00 0.00 ($9,227.65) end ts dMnquem on Octobar flr~; lhe second Inaalkne~ ts due by I~n~ Er~ end Is ~ ~ ~ ~ T~ ~ m ~ ~ ~ ~ ~m am allowed s two end one half peme~ dis(xxmL A tax Ilan is Issued for all unl0ald reed estate taxes ~ ~ ~ ~m ~ ~ ~s ~ ~ ~ ~ am ~ 13elweem Octobor lourtean~ and Novemb~ Twenty X1nlrd ol esch year. Sixty days of (turk.cared prop~ tlx ~ are moo~led ea delerred revenues st lhe end of each l~year. 4. InvmltoN and Pmnald lares The ~jmy constOem tnvemodas of matedals end supplias ut~.ed in me govemmen~ fund type ~ ~ ~ m ~ ~ ~ ~" ~, they do not appear in lhe counly's flnandal ststements. S. R~ Assets The counly has no restdcted aseats to report du~ng Ibis fiscal year. ~ o constructed cep~ assets am reported at cost or eatimated ~ oost. Uor~ted fixed assets are to ba ~ at ~r ~ted lair market value at the date of donation. Depmclabon has been recorded o~ capital assets. The liability for compensated absences nom~ reported in the sick leave balances computed as a doltar vaJue. 9ovemment-wide financial statements consists o( unpaid accumulated annual and e. L g:m m Kmim in generst-purpose 6nancial statements, gove~ fund types recognlze the bond ~ and dmcount, as wel es bond issoanca cost ~ludng the current period. The face amount of 0et~ issuances are reported as other financing sources ~ discounts on debt issuance am reported as omer 6~ uses. tssuence cost, w~ether or r~t withhek:l from the actual debt proceeds received, are ~ u dal~ service e~- ~ ~ has no debt liabilltiea at thls l~n~. In the fund firmncial statements, govemmen~ funds report any reservations of fund balance ~or amoutls b'-at am not avaitabla for epprowlatto~ o~ are legally mstrlctsd by outside p~aes for use for a s~ puqx)se. Des~ttons of fund balance repro tental~e managen~mt plans mat are su~ to ct.mge. 10. Encurnlxances are ~ related to unpedormed (executory) conlmcts for goods or ~. ~ County has no encumbered monies at June 30, 2004. 11. CornoalWJve dala/~tk)ns Pa Fund balance at beginning of year 0.00 0.00 0.00 Fund balance at end of year 0.00 0.00 $31,976.66 $22,749.01 $31,976.66 $13,521.36 The total cotumns on the combined fT~mctal statements are memorandum only. They are presented only to lactlitate flnanciaJ ena~. Dee m mese columns do not ixeaent financial ~ reaults of operalJons or chenges in f~anclal position in conformlty with gormrally accept~ ~ ~. Neitt~r is such data comparable to a consolidation; inter-fund activities have not been eliminated in the aggragatio~ of the data. Notll Z Racondlbllk~ of 9ovKnnmm-wide and fund flnmldai Itatmlnm~ The notes to the financial statements are an integral part of this statement. GILMER COUNTY. WEST VIRGINIA STATEMENT OF FIDUCIARY NET ASSETS FIOUCIARY FUNDS June 30. 2004 Slate School MunlClpal Assets Cash end cash equivalents $264.96 $22,889.86 $1,486.27 Inve~n~Ks 0.00 0,00 0.00 Total assets ~ ~ Uabmtlas ACCOUntS payable 0.00 0.00 0.00 Due to Other goverrvnen~ ent~as $3s4+9~ $22, $~,486.27 Other funds 0.00 0.00 0.00 Tom~ ~,bl~mea ~ ~ $1Jlae~ The notes to the Ik'~nclal statements are an Integral part of b')ls statemenL GI~.R COUNTY, WEST VIRGmU~ NOTES TO THE RNANCIAk STATEMENTS For the ~ Year Ended June 30, 2004 County Of~:es AGENCY 0.00 $24,641.09 0.00 0.00 o.oo 0.~ 0.~ ~4,~1.~ 0.~ o.oo The goven~nental fund balance sheet indudas e reconctia~on betwesn fund balances of total governmental funda end nat essets - go~ acttvillas as reported m the govornment-'~dde statemerd of net assets+ The govemmerdai fund statoment of revenues, eqm and changes in fund 10~lance$ k'ludes a ~tlon batw~en ne~ ct~mgea in fund balancas- total governmental lurid - and changes In net asxt$ of govemmen~st ac~vtllea as reponed in the governmental statement of activities. Note 3. Stmmrdshim comnliance and accountability au(m= Su etary co.n The ~ are the statuto~ ~ foaowed by tba County ~ m eatabasttng the I~dget k>r ~r Court, Wear Vlr~nla. 1. Prior to Marc~ 2nd of eash year, b'te various ek~cted officials sul~ilto the County ~ ~ ~ for 1trait respective offices for the r~c~ year commenc~ Ju~ ~. 2. Upo~ m~ew and ~ of these requests, Ihe County ~ prepares proposed budgsts on forms pt~ecdl04KI ~ ~ ~ ~ ~ sulamlts e~orn to me State Au~or by Mard~ 281h for epproval. 3. Tba Counly Commisslon then reconvmas on lhe Ihi~l Tuesday in Apdl to hear oqeclkx)s from the pul~c end to Iom)dy I~y lhe levy. Rev~ons are a.modzed oNy~'~tba Wlor ~n ep0R~, of ~. Stm Aud~. The mv~d ~ s~xx~ ~ in ~ ~ ~ m~ am suc~ epproved ~ The buOgets preuntm were pm~amd on the modi~d aouust ~ ~ ~ Not~ 4. l)mailed notea on all fu,nda A. Oeposas end inveaenents At June 30.2004.1he can'yin9 el the county bank deposits wee t326.802.74 NI of U)e total bank belanc~ m inmmKI Ihrough Itm FKlend Depos o insurance Coq)orat 0n (FO C) covm0e end by edd onm dapo ito t)oms eppmved by me The be.tance held as ~onse~ator by the Shedff el June 30. 2004 totaled $30.978.33. The bllanca held in general recek'~'~lhip lot lhe c~'cuil oourt ~ $138,544.33. B. Rm ~4,;,~ 1. Summary of Slonme,m~t A,~e,n,Untt~ P41clss Prior year receivables of year end for the county general fund is accrued for a period of sixty days. The account por es -- v~ou Issued me~a.on~ .................. ~.~P.e.mme~Symms embodies the offi~al pronouncarnen~ pre ~ Dy ,6,.+.Reporting Entity . + There six omces elected Gilmer County Is one of fifty-five coun.~ ~_~ ~