ije patahentae imeemSeptember 25, 2003---Second Section Page 2
I .
Pocahontas County, West Virginia
Statement of Activities
For the Fiscal Year Ended June 30, 2003
_ Revenues
Charges for
F, alam
Primary Government
General government $1,948,226.59 $409,574.00
Public safety $1,088,074.45 $0.00
Health and sanitation $130, I 17.00 $0.00
Culture and recreation $684,308.73 $0.00
Social services $128,092.16 $0.00
Capital projects $24,918.22 $0.00
Total governmental
activities
Total Primary Government
General revenues:
Property taxes
Other Taxes
Licenses and permits
Federal
State
Local
Fines and Forfeits
Unrestricted interest
Miscellaneous
Transfers
Total General Revenues
Change in net assets
Net assets-beginning
Net assets-ending
Statement of Net Assets
Net (Expense)
Revenues and
Changes in
Net Assets
Primary
_ Government
Governmental
6xtixlt
-$1 H38,652.57
-$1,088,074.45
-$130,117.00
-$684,308.73
-$128,092.16
-$24,918.22
$4,003,737.15 $409H74.02 -$3,594,163.13
._,_003,7737.15 5702__ : 35$A,AO 63.13
$ ! ,639,415.65
$ 1.025,591.44
$104.00
$487,464.20
$135.383. I I
$ ! 13,324.9 I
$69,789.13
$30,018.62
$98,837.17
...... $_123,85446
$4,133,356.71
$129,619.56
$2,353,814.89
$2483434.46
Primary
Governmenta
Ass.tli
Current Assets
Cash and cash equivalents
Tax Receivables. (net)
Other Receivables
Total Current Assets
$1,185,521.62
$108,466.25
$180,590.89
$1,474H78.76
Non-current Assets:
Capital Assets
Land
Building and Equipment. net of depreciation
$25,000.00
$1,045,360.18
$ 1,070,360.18
Total Assets
$L5__938=9_4
Liabilities
Balances
Current Liabilities
Accounts payable
Compensated absences
Noncurrent Liabilities
Capital Leases
Total liabilities
$606.76
$54'767.60
........ _$i, 13_0:!_3
$6 i ,504.49
iNet Assets
Invested in capital assets
Unrestricted (deficit)
Total Net Assets
Total Liabilities and net assets
$1,070,360.18
$1,413,074.27
$2,483,434.45
$2,544,938.94
Balance Sheet
Assets
Cash
Receivables. net of
Taxes
Other Receivables
Total Assets
Liabilities
Current Liabilites
Accounts payable
Compensated absences
Deferred Revenues
Taxes
Total Liabilities
Funds
Balanced
Unreserved
Total Funds Balanced
Total liabilities and
fund balances
Emergency Other Total
Coal 911 Governmental Governmental
General Sevence Fend Funds Eunda
$645,694.08 $110,132.61 $221,299.80 $208,395.13 $1,185,521.62
$108.466.26 $0.00 $0.00 $0.00 $108,466.26
$180.590.89 $0.00 $0.00 $0.00 $ i 80,590.89
$94fl_i_L2_2 $_1_10A 3_26! $_L474 5_78.76
$606.76
$54,767.60
$100,366.26
$0.00 $0.00 $0.00 $606.76
$0.00 $0.00 $0.00 $54,767.60
$0.00 $0.00 $0.00 $100,366.26
$779,010.60
$779,010.60
$934,75L2
$155.740.62
$110.132.61 $221.299.80 $208.395.13 $1.318,838.14
$ ! i 0, ! 32.61 $221,299.80 $208,395.13 __ $ !_ ,3/8._,838 Ifl_
_LL0,132.61 $2L299.SQ $2_._ 395.13 L474,578.76
Pocahontas County, West Virginia
Reconciliation of Balance Sheet
to Statement of Net Assets
June 30, 2003
Fund balance, fund level statement June 30, 2002
The "Total fund balances of the County's governmental funds differs from "Net Assets
of the governmental activities reported on the Statement of Net Assets as follows:
I. Some liabilities ate not due and payable in the current period and
therefore, are not reported in the fund level statements.
Leases
2. Then capital assets (land. buildings, eqmpmem and infrastructure)
that are used m governmental activities are" purchased or constructed.
the costs of those users ate reported as expenditures in the
governmental funds. However, the Statement of Net Assets includes
those assets among the assets of the County a whole.
a. Equipment & vehicles towned)
Less: accumulated depreciation
Equipment - Net of accumulated depreciation
b. Buildings
Less: accumulated depreciation
Buildings - Net of accumulated depreciation
c. Contents
Less: Accumulated depreciation
Contents - Net of accumulated depreciation
d. Land
2. Some of the co'nly's revenue will be collei:ted after year-end bet is
not available soon gh to I' t perRld's expenditures and
therefore are'not rcled in the fettds.
a. Deferred taxes,tcelvable ":'-'
Net assets ofgovemraental aetiviti :
Statement of Revenues, Expenditures,
$222.661.00
-$)80,572.50
$1,321,648.00
-$352,754.38
$132.959.98
-$98,581.92
Revenues
Ad valorem property taxes $1,520,131".37
Other taxes $1,005,591.44
Licenses and permits $104.OO
lntergovemmental:
FlIcral $487,464.20
State $119,462.50
Local $550.OO
Charges for services $242,316.13
Interest $ i 5,106,92
Miscellaneous $77,415.58
Fines and Forfeits $750OO
and Changes
All -Governmental Funds
Emergency Other
Coal 911 Governmental
sttmm
$0,00 $0.00 591,294.54
$0.oo So.oo $o.oo
$0.00 $O,OO $0.OO
$0.00 $0.00 $O.OO
$15,920.61 $0.00 $0.00
$0,00 $0.00 $112,774.91
$0,00 $130,309.45 $36,94&44
$1,954.45 $4,197.09 $8,760.16
$0.00 $0.OO $21,421.59
$0.OO $0.OO $69.039.13
$1,318,838.14
-$6,i30.13
$42,088.50
$968,893.62
$34,378.06
$25,000.00
$100,366.26
$2.3AM.45
in Fund Balances
Iatal
$ 1,611,425.91
$ 1,025H91.44
$I04.OO
Tim's Well Pump
& Water Service
Z99-48
www.hottubs,com
$487,464.20
$135,383.11 '
$113,324.91
$409,574.02
$30,018.62
$98,837.17
$69,789.13
Legal Advertisements Legal)kdvertisements Legal Ad
Transfers $ ! 23,854.46 $0.00 $0.00 $0.00
Total Revenue $3,612,746.60 $17,875.06 $134,506.54 $340,238.77
Expenditures
Current:
General government
Public Safety
Health and sanitation
Culture and recreation
Social services
Capital Outlay
Total Expenditures
Excess (deficiency) of revenues
over expenditures
Fund balances - beginning
Fund balances - ending
$1,704,468.06 $0.OO $0.00 $205,167.61
$888,799.06 $0.00 $143,774.91 , $38,634.48
$130, I17.00 $0.OO $0,00 $0.00
$684,308.73 $0.130 $0.00 $0.00
$11,861.16 $0.00 $0.00 $116,231.00
$24,918.22 $0.00 $0.00 $0.00
$3,444,472.23 $0.OO $143,774.91 $360,033.09
$168,274.37 $17.875.06 -$9,268.37 -$19,794.32
$610,736.23 $92,257.55 $230.568.17 $228,189.45
$779,010.60 $110,132.61 $221,299.80 $208395.13
Pocahontas County, West Virginia
Reconciliation Of The Statement Of Revenues, Expenditures
And Changes In Fund Balance Of Governmental Funds To
The Statement Of Activities
For the Fiscal Year Ended June 30, 2003
Net Changes in Fund Balances - Total Governmental Funds
a. The expenditures for capital leases should he receded as an
asset instead of an expenditure on the government-wide level.
General Government
b. Revenue in the Statement of Activities that do not provide
current financial resources are not reported as revenues in the
funds:
Prior referred revenues
Current Deferred Revenues
c. Governmental funds report capital outlays as expenditures.
However, in the Statement of Activities the cost of those assets is
allocated over their estimated useful lives and reported as
depreciation expense.
General Government Depreciation
Buildings $36,793.43
Contents $2,996.84
Equipment $0.00
Public Safety Depreciation
Contents $0.00
Equipment $16,866.00
o
Changes in net assets of governmental activities
Pocahontas County, West Virginia
Statement of Reveunues, Expenditures and Changes
In Fund Balances - Budget and Actual - General Fund
For the Fiscal Year Ended June 30, 2003
Budgeted Amounts Actual Amounts
Original 0Budgmtry Basis)
Revenues:
Ad valorem property taxes $1,559,748.00 $1,560,348.00 $1,520,131.37
Other taxes $593,000.00 $ 1,035,635.00 $ 1,025,591.44
Licenses and permits $0.00 $1 04.00 $104.00
lntergovemmental:
Federal $243,000.00 $365,364.00 $487,464.20
State $0.00 $92,662.50 $119,462.50
Local $0.00 $550.00 $550.00
Charges for services $137,060.00 $220,070.00 $242,316.13
Interest $8,000.00 $14,000.00 $ ! 5,106.92
Miscellaneous $53,400.00 $73,986.93 $77,415.58
Fines and Forfeits $6,0OO.00 $9,000.00 $750.00
Trails fers $ I 19,869.00 $137.100.00 $123,854.46
Total revenues . , $2,720,077.00 $3,508,820.43 $3,612,746.60
Expenditures:
General government $1,616,373.00 $2,277,354.89 $1,704,468.06
Public safety $787,065.00 $846,391.00 $888,799.06
Health and sanitation $130,200.00 $130,200.00 $130, ! 17.00
Culture and recreation $405,000.00 $755,000.00 $684,308.73
Capital Outlay $0.00 $25,000.00 $24,9 ! 8.22
Total expenditures $2,938,638.00 $4,049,845.89 $3,444,472.23
Excess (deficiency) of
revenues over expenditures -$218,561.0 -$541,005.46 $168,274.37
Fund balance at
beginning of year $218,56 i .00 $54 ! ,025.46 $610,736.23
Fund balance at end of year . bO.00 __.QIO.60
Statement of Revenues, Expenditures and Changes
Revenues:
In Fund Balances - Budget and Actual - General Fund
In Fund Balance - Budget and Actual - Coal Severance Fund
Other Taxes
Interest
Total revenues
Expenditures:
General government
Total expenditures
Excess (deficiency) of revenues
over expenditures
Fund balance at
beginning of year
Fund balance at
Budgeted Amounts Actual Amounts
orig Fa Mgetary ia
"$'7,200.00 $7,200.00 $15,920.61
$850.00 $850.00 $1,954.45
$8.050.00 $8,050.00 $17,875.06
$8,0,50.OO $8,050.00 $0.00
$,050.00 $8,050.00 $0.00
$0.OO $O.OO
$0.00 - $0.OO
end of year
The notes to the financial statements are an integral part of this statement.
$17,875.06
$92257.55
$32,_,6!
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