State of West Virginia
 Department of Administration
 FINANCE DIVISION
2101 Washington Street East, Bldg. 17
 Charleston, WV 25305
304-558-6181

HOME ACCOUNTING FARS SINGLE AUDIT WVFIMS STAFF DIRECTORY

Click on the following links to view CAFR for the respective year

2013 CAFR CAFR's 2008-2012
CAFR's 2000-2007 CAFR's 1995-1999

 

Comprehensive Annual Financial Report (CAFR)

The CAFR presents the financial condition of the State for the fiscal year ended June 30 of each year. The CAFR is prepared in accordance with Generally Accepted Accounting Principles and is audited by independent Certified Public Accountants each fiscal year.

The CAFR contains three sections: an introductory section, a financial section, and a statistical section. The introductory section includes a transmittal letter with narrative commentary on matters of interest to the reader, the States organizational chart, and list of principal officers. The financial section includes the managements discussion and analysis, the basic financial statements, required supplementary information, and combining financial statements by fund type. The statistical section includes selected financial, economic, and demographic data for the State on a multi-year basis.

In addition to the GAAP basis information, selected financial information is presented on a budgetary basis, which is the basis used by the State for its record keeping. The CAFR is used by legislators, state agencies, bond rating services, and taxpayers.

The CAFR is submitted to the Government Finance Officers Association (GFOA) for consideration in the Certificate of Achievement for Excellence in Financial Reporting program. The Certificate of Achievement is a national award recognizing conformance with the highest standards for preparation of state and local government financial reports. The State first submitted its fiscal year 1995 CAFR for review. Since then the State has been honored with the receipt of this prestigious Certificate of Achievement for Excellence in Financial Reporting Award.

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