State of West Virginia
 Department of Administration
2101 Washington Street East, Bldg. 17
 Charleston, WV 25305


State of West Virginia

Comprehensive Annual Financial Report (CAFR) RESTATED
Fiscal Year Ended June 30, 2004

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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, 2003.  The State has received this prestigious award since 1995.  The 2004 CAFR has also been submitted to the GFOA to determine its eligibility for another certificate.

This 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.

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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


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

                               Special Revenue

                               Capital Projects

                               Debt Service

§   Nonmajor Enterprise Funds

§   Internal Service Funds

§   Fiduciary Funds

§   Non-Major Component Units – Discretely Presented



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

    §         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