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, 2006


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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, 2005.  The State has received this prestigious award since 1995.  The 2006 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.

Click on Image to view CAFR

 

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

§         Organization 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

                               Special Revenue

                               Capital Projects

                               Debt Service

§   Internal Service Funds

§   Nonmajor Enterprise Funds

§   Fiduciary Funds

§   Nonmajor 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.

            

  • Schedule 1 – Net Assets by Component
  • Schedule 2 – Changes in Net Assets
  • Schedule 3 – Fund Balances – Governmental Funds
  • Schedule 4 – Changes in Fund Balances – Governmental Funds
  • Schedule 5 – Revenue Base
  • Schedule 6 – Revenue Rates
  • Schedule 7 – Revenue Payers by Industry/Category
  • Schedule 8 – Ratios of Outstanding Debt
  • Schedule 9 – Long-Term Liabilities
  • Schedule 10 – Pledged Revenue Coverage
  • Schedule 11 – Demographic and Economic Indicators
  • Schedule 12 – Principal Employers
  • Schedule 13 – Education Enrollment
  • Schedule 14 – State Employees by Function
  • Schedule 15 – Operating Indicators by Function
  • Schedule 16 – Capital Asset Statistics by Function
  • Schedule 17 – Miscellaneous Statistics