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, 1999

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 36
Note 3 - Fund Equity 40
Note 4 - Cash and Investments 42
Note 5 - Receivables 47
Note 6 - Intragovernmental Balances and Activity 49
Note 7 - Restricted Assets 52
Note 8 - Fixed Assets 54
Note 9 - Long-Term Debt 55
Note 10 - Leases 62
Note 11 - Retirement Systems 64
Note 12 - Other Postemployment Benefits 70
Note 13 - Risk Management Program 71
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

Required Supplementary Information

Year 2000

88

Combining Financial Statements and Schedules

Special Revenue Funds:

92

Combining Balance Sheet 94
Combining Statement of Revenues, Expenditures and Changes in Fund Balances 95
Debt Service Funds:

97

Combining Balance Sheet 98
Combining Statement of Revenues, Expenditures and Changes in Fund Balances 100
Capital Projects Funds:

102

Combining Balance Sheet 103
Combining Statement of Revenues, Expenditures and Changes in Fund Balances 104
Enterprise Funds:

105

Combining Balance Sheet 106
Combining Statement of Revenues, Expenses and Changes in Fund Equity 107
Combining Statement of Cash Flows 108
Internal Service Funds:

109

Combining Balance Sheet 110
Combining Statement of Revenues, Expenses and Changes in Fund Equity 111
Combining Statement of Cash Flows 112
Trust and Agency Funds:

114

Combining Balance Sheet 116
Combining Statement of Revenues, Expenses and Changes in Fund Balances - Nonexpendable Trust Funds 118
Combining Statement of Cash Flows - Nonexpendable Trust Funds 118
Combining Statement of Plan Net Assets - Pension and Investment Trust Funds 120
Combining Statement of Changes in Assets and Liabilities - Agency Funds 122
General Fixed Assets Account Group:

123

Schedule of Changes in General Fixed Assets by Function 124
Schedule of General Fixed Assets by Funcation 124
Schedule of General Fixed Assets by Source 125
Higher Education Component Unit Funds:

128

Combining Balance Sheet 130
Other Discretely Presented Component Unit Funds:

132

Combining Balance Sheet 134
Combining Statement of Revenues, Expenses and Changes in Fund Equity 136
Combining Statement of Cash Flows 138

STATISTICAL SECTION

 

Table 1 - Expenditures by Function - All Governmental Fund Types 1999-1990 142
Table 2 - Revenues by Source - All Governmental Fund Types 144
Table 3 - Ratio of Outstanding General Obligation Bonds to Assessed Value and Net Debt per Capita 146
Table 4 - Ratio of Annual Debt Service Expenditures for General Bonded Debt to General Fund Revenues and Expenditures 147
Table 5 - Revenue Bond Coverage 148
Table 6 - Demographic Statistics 150
Table 7 - Economic Characteristics 150
Table 8 - Property Values, Retail Sales, Bank Deposits and Bank Loans 151
Table 9 - Twenty-five Largest Private Sector Employers in West Virginia 152
Table 10 - Miscellaneous Public Education Statistics 153
Table 11 - Miscellaneous Higher Education Statistics 154
Table 12 - Miscellaneous Statistics 155
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