State of West Virginia

Comprehensive Annual Financial Report (CAFR)  
Fiscal Year Ended June 30, 2009

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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, 2008.  The State has received this prestigious award since 1995.  The 2009 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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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 Discretely  Presented Component Units

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 Proprietary Funds

§   Pension and Employee Benefit Trust Funds

§  Investment Trust Funds

§  Agency Funds

§   Nonmajor Discretely Presented Component Units

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 – Pledged Revenue Coverage
• Schedule 10 – Demographics and Economic Indicators
• Schedule 11 – Principal Employers

• Schedule 12 – Education Enrollment

• Schedule 13 – State Employees by Function

• Schedule 14 – Operating Indicators by Function

• Schedule 15 – Capital Asset Statistics by Function

• Schedule 16 – Miscellaneous Statistics