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

ACCOUNTING CAFR FARS SINGLE AUDIT WVFIMS STAFF DIRECTORY

STATE OF WEST VIRGINIA

COMPREHENSIVE ANNUAL FINANCIAL REPORT

FOR THE FISCAL YEAR ENDED JUNE 30, 2000

TABLE OF CONTENTS

INTRODUCTORY SECTION

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Page
Acknowledgments
State of West Virginia Principal Officials

x

Letter of Transmittal xi
State of West Virginia Organization Chart xxiv
Certificate of Achievement xxv

FINANCIAL SECTION

Independent Auditors' Report 2
General Purpose Financial Statements
Combined Balance Sheet - All Fund Types, Account Groups and Discretely Presented Component Units 6
Combined Statement of Revenues, Expenditures and Changes in Fund Balances - All Governmental Fund Types and Expendable Trust Fund 8
Combined Statement of Revenues, Expenditures and Changes in Fund Balances - Budget and Actual (Budgetary Basis) - General Revenue, Special Revenue and Other Budgeted Funds 10
Combined Statement of Revenues, Expenses and Changes in Fund Equity - All Proprietary Fund Types, Nonexpendable Trust Funds and Other Discretely Presented Component Units 12
Combined Statement of Cash Flows - All Proprietary Fund Types, Nonexpendable Trust Funds and Other Discretely Presented Component Units 14
Statement of Changes in Plan Net Assets - Pension and Investment Trust Funds 16
Combined Statement of Changes in Fund Balances - Higher Education Component Unit Funds 18
Combined Statement of Current Funds, Revenues, Expenditures, Transfers and Other Changes in Fund Balances - Higher Education Component Unit Funds 19

Notes to the Financial Statements

Note 1 - Summary of Significant Accounting Policies 20
Note 2 - Budgetary Basis Reporting 37
Note 3 - Fund Equity 42
Note 4 - Cash and Investments 44
Note 5 - Receivables 49
Note 6 - Intragovernmental Balances and Activity 51
Note 7 - Restricted Assets 54
Note 8 - Fixed Assets 56
Note 9 - Long-Term Debt 57
Note 10 - Leases 64
Note 11 - Retirement Systems 66
Note 12 - Other Postemployment Benefits 71
Note 13 - Risk Management Program 72
Note 14 - Deficit Fund Equity 77
Note 15 - Segment Information 78
Note16 - Discretely Presented Component Unit Disclosures 79
Note 17 - Commitments and Contingencies 82
Note 18 - Subsequent Events 85
Combining Financial Statements and Schedules
Special Revenue Funds:
Combining Balance Sheet 90
Combining Statement of Revenues, Expenditures and Changes in Fund Balances 91
Other Special Revenue Funds Combining Balance Sheet 92
Other Special Revenue Funds and Combining Statement of Revenues, Expenditures and Changes in Fund Balances 94
Debt Service Funds:
Combining Balance Sheet 98
Combining Statement of Revenues, Expenditures and Changes in Fund Balances 100
Capital Projects Funds:
Combining Balance Sheet 103
Combining Statement of Revenues, Expenditures and Changes in Fund Balances 104
Enterprise Funds:
Combining Balance Sheet 106
Combining Statement of Revenues, Expenses and Changes in Fund Equity 107
Combining Statement of Cash Flows 108
Internal Service Funds:
Combining Balance Sheet 111
Combining Statement of Revenues, Expenses and Changes in Fund Equity 112
Combining Statement of Cash Flows 114
Trust and Agency Funds:
Combining Balance Sheet 118
Combining Statement of Revenues, Expenses and Changes in Fund Balances - Nonexpendable Trust Funds 120
Combining Statement of Cash Flows - Nonexpendable Trust Funds 120
Combining Statement of Plan Net Assets - Pension and Investment Trust Funds 122
Combining Statement of Changes in Assets and Liabilities - Agency Funds 124
General Fixed Assets Account Group:
Schedule of Changes in General Fixed Assets by Function 126
Schedule of General Fixed Assets by Funcation 126
Schedule of General Fixed Assets by Source 127
Higher Education Component Unit Funds:
Combining Balance Sheet 132
Proprietary Discretely Presented Component Unit Funds:
Combining Balance Sheet 136
Combining Statement of Revenues, Expenses and Changes in Fund Equity 138
Combining Statement of Cash Flows 140

STATISTICAL SECTION

 

Table 1 - Expenditures by Function - All Governmental Fund Types 2000-1991 144
Table 2 - Revenues by Source - All Governmental Fund Types 146
Table 3 - Ratio of Outstanding General Obligation Bonds to Assessed Value and Net Debt per Capita 148
Table 4 - Ratio of Annual Debt Service Expenditures for General Bonded Debt to General Fund Revenues and Expenditures 149
Table 5 - Revenue Bond Coverage 150
Table 6 - Demographic Statistics 152
Table 7 - Economic Characteristics 152
Table 8 - Property Values, Retail Sales, Bank Deposits and Bank Loans 153
Table 9 - Twenty-five Largest Private Sector Employers in West Virginia 154
Table 10 - Miscellaneous Public Education Statistics 155
Table 11 - Miscellaneous Higher Education Statistics 156
Table 12 - Miscellaneous Statistics 157