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 (CAFR)
Fiscal Year Ended June 30, 2003


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The CAFR is divided into three major sections:  i) introductory section, ii) financial section, and iii) statistical section.  The Government Finance Officers Association (GFOA) awarded a Certificate of Achievement for Excellence in Financial Reporting to the State of West Virginia for its CAFR for the fiscal year ended June 30, 2002.  The State has received this prestigious award since 1995.  The 2003 CAFR has also been submitted to the GFOA to determine its eligibility for another certificate.

The accompanying CAFR was prepared in accordance with GASB Statement 34.  This pronouncement establishes new financial reporting requirements for state and local governments throughout the United States.

I INTRODUCTORY SECTION

This section provides general information on the organizational structure of State government as well as information useful in assessing the State's financial condition.

§         Letter of Transmittal

§         GFOA Certificate of Achievement

§         Organizational Chart

§         State of West Virginia Principal Officials
 

II.  FINANCIAL SECTION

This section is used to present the independent auditor's report on the financial statements, the management's discussion and analysis ("MD&A"), the basic financial statements, other required supplementary information (i.e., budgetary and pension information) as well as combining fund statements and schedules.

 

§         Independent Auditor’s Report

§         Management’s Discussion and Analysis

 

Basic Financial Statements

Government-wide Financial Statements

§         Statement of Net Assets

§         Statement of Activities

Fund Financial Statements

§         Governmental Funds

§   Proprietary Funds

§   Fiduciary Funds

§   Major Component Units – Discretely Presented

 

Notes to the Financial Statements

Required Supplementary Information Other Than MD&A

      • RSI – Budgetary Reporting
      • RSI – Pension Plan Information
         

Combining Fund Statements and Schedules

§         Nonmajor Governmental Funds

§         Nonmajor Enterprise Funds

§         Internal Service Funds

§         Fiduciary Funds

§         Non-Major Component Units – Discretely Presented

 

III. STATISTICAL SECTION

This section provides a broad range of trend data covering key financial indicators from the past ten fiscal years. It also contains demographic and miscellaneous data useful in assessing the State's financial condition.

    §         Table   1 - Expenditures by Function - All Governmental Fund Types, 2003-1994

    §         Table   2 - Revenues by Source - All Governmental Fund Types

    §         Table   3 - Ratio of Outstanding General Obligation Bonds to Assessed Value and Net Debt Per Capita

    §         Table   4 - Ratio of Annual Debt Service Expenditures for General Bonded Debt to General Fund Revenues and Expenditures

    §         Table   5 - Revenue Bond Coverage

    §         Table   6 - Demographic Statistics

    §         Table   7 - Economic Characteristics

    §         Table   8 - Property Values, Retail Sales, Bank Deposits and Bank Loans

    §         Table   9 - Twenty-five Largest Private Sector Employers in West Virginia

    §         Table 10 - Miscellaneous Public Education Statistics

    §         Table 11 - Miscellaneous Higher Education Statistics

    §         Table 12 - Miscellaneous Statistics