Legal
1012
TUCKER COUNTY, WEST VIRGINIA, BOARD OF EDUCATION
STATEMENT OF NET POSITION
FOR THE FISCAL YEAR ENDED JUNE 30, 2016
Governmental
Activities
ASSETS AND DEFERRED OUTFLOWS OF RESOURCES
Assets:
Cash and cash equivalents $ 1,007,585
Investments 336,341
Taxes receivable, net of allowance for uncollectible taxes 54,040
Deposit with Retirement Board –
Food service receivable –
Other receivables 188,871
Prepaid Workers’ Compensation 15,101
Due from other governments:
State aid receivable 39,025
PEIA allocation receivable 191,370
Reimbursements receivable 164,921
Capital Assets:
Land 85,819
Land improvements –
Buildings and improvements 22,934,483
Furniture and equipment 1,097,389
Vehicles 1,673,186
Construction in process 257,441
Less accumulated depreciation (16,978,383)
Total capital assets, net of depreciation 9,069,935
Total assets 11,067,189
Deferred outflows of resources:
Total deferred outflows of resources 101,042
Total assets and deferred outflows of resources $ 11,168,231
LIABILITIES, DEFERRED OUTFLOWS OF RESOURCES, AND NET POSITION
Liabilities:
Salaries payable and related payroll liabilities $ 610,232
PEIA premiums payable 247,981
Compensated absences 25,432
Accounts payable 139,304
Other post employment benefit payable 411,333
Due to Other Fiscal Agents –
Long-term obligations:
Due within one year:
Bonds, capital leases, and contracts –
Accrued interest –
Accrued sick leave payable –
Due beyond one year:
Bonds, capital leases, and contracts –
Accrued sick leave payable –
Net pension liability- Proportionate Share 199,661
Total liabilities 1,633,943
Deferred inflows of resources:
Total deferred inflows of resources (0)
Total liabilities and deferred inflows of resources $ 1,633,943
Net Position:
Net Investment in Capital Assets $ 9,069,935
Restricted for:
Debt service –
Special projects 171,133
Capital projects –
Unrestricted 293,221
Total net position $ 9,534,289
*The notes are an integral part of the financial statements, however, to conserve space, they are not included in the publication but are available for review at the board office.
TUCKER COUNTY, WEST VIRGINIA, BOARD OF EDUCATION
RECONCILIATION OF THE STATEMENT OF REVENUES,
EXPENDITURES, AND CHANGES IN FUND BALANCES OF
GOVERNMENTAL FUNDS TO THE STATEMENT OF ACTIVITIES
FOR THE FISCAL YEAR ENDED JUNE 30, 2016
Net change in fund balances – total governmental funds $ (111,920)
Amounts reported for governmental activities in the statement of
activities are different due to:
Governmental funds report capital outlays as expenditures.
However, in the statement of net assets, the cost of those assets is
allocated over their estimated useful lives and reported as
depreciation expense. The effect on net assets is the amount by
which capital outlays exceed depreciation in the current period.
Depreciation expense (828,674)
Capital outlays 356,491
Certain receivables will be collected this year but are not available
soon enough to pay for the current period’s expenditures. This is
the amount by which such receivables increased (decreased).
Property taxes receivable (13,782)
Operating Grants and Contributions (151,369)
Other miscellaneous conversion adjustments –
A portion of the change in fund balances is the proceeds from the
general obligation bonds issued during fiscal year 2014. those
proceeds are not considered revenue items for the purpose of this
statement. –
The repayment of the principal of long-term debt (e.g., bonds,
leases) consumes the current financial resources of governmental
funds. However, such repayment has no effect on net assets. –
Differences in the cost and accumulated depreciation on disposed
capital assets are reported as a loss and reduction in net assets in
the statement of activities.
Cost of assets disposed (56,732)
Accumulated depreciation of assets disposed 56,732
Compensated absences are reported as liabilities in the statement
of net assets, but are only reported in government funds to the
extent they have matured. This is the amount by which
compensated absences (increased)/decreased.
Accrued vacation payable 1,302
Interest on long-term debt in the statement of activities differs from
the amount reported in the governmental funds because interest is
recognized as an expenditure in the funds when it is due, and thus
requires the use of current financial resources. In the statement of
activities, however, interest expense is recognized as the interest
accrues, regardless of when it is due.
Governmental funds report district pension contributions as
expenditures. However, in the Statement of Activities, the cost of
pension benefits earned net of employee contributions is reported
as pension expense
District pension contributions –
Cost of benefits earned net of employee contributions –
Change in net assets of governmental activities $ (747,951)
TUCKER COUNTY, WEST VIRGINIA, BOARD OF EDUCATION
STATEMENT OF ACTIVITIES
FYE 30, 2016
Program Revenues Net (Expenses)
Operating Capital Revenue & Changes
Charges for Grants and Grants and in Net Assets
Functions Expenses Services Contributions Contributions Governmental Activities
Governmental activities:
Instruction $ 6,218,566 $ – $ 1,264,690 $ 143,356 $ (4,810,520)
Supporting services:
Students 350,670 – 130,182 8,084 (212,404)
Instructional staff 275,093 – 59,530 6,342 (209,221)
General administration 359,410 – 73,063 8,285 (278,062)
School administration 572,918 – 116,467 13,207 (443,244)
Central services 301,067 – 61,203 6,940 (232,924)
Operation and maintenance of facilities 1,276,072 – 259,409 29,417 (987,246)
Student transportation 920,265 – 187,078 21,215 (711,972)
Other support services – – – – 0
Food services 846,599 – – – (846,599)
Community services – – – – 0
Interest on long-term debt – – – – 0
Total governmental activities 11,120,660 – 2,151,622 236,846 (8,732,192)
General revenues:
Property taxes 3,855,999
Unrestricted state aid 3,948,668
Unrestricted investment earnings 1,234
Unrestricted grants and contributions 173,691
Extraordinary item – other post employment benefits –
Gain (loss) on disposal of capital assets 4,650
Transfers in 581,811
Transfers (out) (581,811)
Total general revenues, extraordinary items and transfers 7,984,241
Change in net position (747,950)
Net assets- beginning 10,282,239
Prior period adjustments – (See Note__)
Net position- beginning, as restated 10,282,239
Net position- ending $ 9,534,289
*The notes are an integral part of the financial statements, however, to conserve space, they are not included in the publication but are available for review at the board office.
TUCKER COUNTY, WEST VIRGINIA, BOARD OF EDUCATION
BALANCE SHEET – GOVERNMENTAL FUNDS
FYE JUNE 30, 2016
11 61 51
General Special Capital
Current Revenue Fund Projects Total
Expense Fund Fund Governmental
ASSETS AND DEFERRED OUTFLOWS OF RESOURCES
Assets:
Cash and Cash equivalents $ 1,007,585 $ – $ – $ 1,007,585
Investments 336,341 – – 336,341
Taxes receivable. net 54,040 – – 54,040
Deposit with Retirement Board – – – –
Prepaid 15,101 – – 15,101
Food service receivable, net – – – –
Other receivables 74,000 7,193 107,178 188,871
Due from other governments:
State aid receivable 39,025 – – 39,025
PEIA allocation receivable 191,370 – – 191,370
Reimbursements receivable – 164,921 – 164,921
Due from other funds – 134,582 – 134,582
Total assets 1,717,962 306,696 107,178 2,131,836
Deferred outflows of resources – – – –
Total deferred outflows of resources – – – –
TOTAL ASSETS PLUS DEFERRED OUTFLOWS OF RESOURCES $ 1,717,962 $ 306,696 $ 107,178 $ 2,131,836
LIABILITIES, DEFERRED INFLOWS OF RESOURCES AND FUND BALANCES
Liabilities:
Salaries payable and related payroll liabilities $ 525,779 $ 84,452 $ – $ 610,232
Other post employment benefits payable 411,333 – – 411,333
PEIA premiums payable 214,874 33,107 – 247,981
Accounts payable & Payable to others 20,498 14,396 104,410 139,304
Due to other fiscal agents – – – –
Due to other funds 131,814 – 2,768 134,582
Total liabilities 1,304,298 131,955 107,178 1,543,432
Deferred inflows of resources 86,753 3,607 – 90,360
Total deferred inflows of resources 86,753 – – 86,753
Fund Balances:
Nonspendable 15,101 – – 15,101
Restricted – 171,134 – 171,134
Committed – – – –
Assigned – – – –
Unassigned 311,809 – – 311,809
Total fund balances 325,910 171,134 – 498,044
TOTAL LIABILITIES, DEFERRED INFLOWS OF RESOURCES
AND FUND BALANCE: $ 1,717,961 $ 306,696 $ 107,178 $ 2,131,836
Amounts reported for governmental activities in the statement of net assets differ due to
Capital assets used m governmental activities are not financial resources and, therefore,
are not reported in the funds 9,069,935
Other deferred charges are not reported in the funds –
Property taxes receivable and food service billings receivable will be collected this year 90,360
Deferred outflows and inflows of resources related to pensions are applicable to future
Deferred outflows of resources related to pensions 101,042
Deferred inflows of resources related to pensions –
Some liabilities, including net pension obligations, are not due and payable in the
current period and, therefore, are not reported in the funds
Bonds payable, due within one year –
Bonds payable, due beyond one year –
Accrued interest on bonds –
Capital leases payable –
Accrued sick leave payable –
Compensated absences (25,432)
Net pension liability – proportionate share (199,661)
Net position of governmental activities $ (9,534,288)
*The notes are an integral part of the financial statements, however, to conserve space, they are not included in the publication but are available for review at the board office.
TUCKER COUNTY, WEST VIRGINIA, BOARD OF EDUCATION
STATEMENT OF REVENUES, EXPENDITURES AND CHANGES
IN FUND BALANCES – GOVERNMENTAL FUNDS
FOR THE FISCAL YEAR ENDED JUNE 30, 2016
11 61 51
General Special Capital
Current Revenue Fund Projects Total
Expense Fund Fund Governmental
Revenues:
Property taxes $ 3,869,781 $ – $ – $ 3,869,781
Other Local sources 147,117 148,458 – 295,575
State sources 3,948,668 811,883 236,847 4,997,398
Federal sources 242,215 1,127,642 – 1,369,857
Miscellaneous sources – 600 – 600
Total revenues 8,207,781 2,088,583 236,847 10,533,211
Expenditures:
Instruction 4,381,315 1,184,611 – 5,565,926
Supporting services:
Students 321,789 4,201 – 325,990
Instructional staff 180,653 94,440 – 275,093
General administration 360,242 – – 360,242
School administration 573,268 – – 573,268
Central Services 278,891 22,296 – 301,187
Operation and maintenance of facilities 1,254,380 – – 1,254,380
Student transportation 794,290 99,838 – 894,128
Other support services – – – –
Food services 260 841,865 – 842,125
Community services – – – –
Capital outlay 20,594 – 236,847 257,441
Debt service:
Principal retirement – – – –
Interest and fiscal charges – – – –
Total expenditures 8,165,682 2,247,251 236,847 10,649,780
Excess (deficiency) of revenues over
expenditures 42,099 (158,668) – (116,569)
Other financing sources (uses):
Proceeds from disposal of real or personal property 4,650 – – 4,650
Proceeds from the sale of bonds – – – –
Transfers in 250,318 331,493 – 581,811
Transfers (out) (331,493) (250,318) – (581,811)
Total other financing sources (uses) (76,525) 81,175 – 4,650
Extraordinary Item:
Other post employment benefits – – – –
Net change in fund balances (34,426) (77,493) – (111,919)
Fund balances – beginning 361,336 248,627 – 609,963
Prior period adjustments – (See Note__) – – – –
Fund balances – beginning, as restated 361,336 248,627 – 609,963
Fund balances – ending $ 326,910 $ 171,134 $ – $ 498,044
*The notes are an integral part of the financial statements, however, to conserve space, they are not included in the publication but are available for review at the board office.
TUCKER COUNTY, WEST VIRGINIA, BOARD OF EDUCATION
STATEMENT OF FIDUCIARY NET POSITION- FIDUCIARY FUNDS
FOR THE FISCAL YEAR ENDED JUNE 30, 2016
Agency Funds
School Activity
Funds
ASSETS AND DEFERRED OUTFLOWS OF RESOURCES
Assets:
Cash and cash equivalents $ 306,814
Receivables –
Total assets 306,814
Deferred outflows of resources:
Total deferred outflows of resources –
Total assets and deferred outflows of resources $ –
LIABILITIES AND DEFERRED INFLOWS OF RESOURCES
Liabilities:
Accounts payable and accrued liabilities $ –
Due to other funds 306,814
Total liabilities
Deferred inflows of resources:
Total deferred inflows of resources –
Total liabilities and deferred inflows of resources $ –
*The notes are an integral part of the financial statements, however, to conserve space, they
are not included in the publication but are available for review at the board office.
TUCKER COUNTY BOARD OF EDUCATION
SUPPLEMENTAL SCHEDULE OF EXPENDITURES
FOR THE FISCAL YEAR ENDED JUNE 30, 2016
Salary Expenditures
Board Officials
Janet Preston $ 4,320
Marvin E. Parsons 4,320
Tim Turner 4,160
Kevin White 4,480
Judy Fairbanks 4,320
Superintendent 120,873
Total salaries paid to other professional personnel 4,964,583
Total salaries paid to service personnel 1,667,290
Fixed Costs paid on the above salaries 1,770,644
Total Salary $ 8,544,990
Non-Salary Expenditures
Expenditures paid in excess of two hundred fifty dollars ($250):
See Attached
Total non-salary expenditures paid in excess
of two hundred fifty dollars ($250) 2,678,087
Total Non-salary expenditures paid of less than
two hundred fifty dollars ($250) 8,516
Total non-salary expenditures 2,686,602
Total expenditures per financial statements $ 11,231,592
TUCKER COUNTY BOARD OF EDUCATION
SUPPLEMENTAL SCHEDULE OF EXPENDITURES
FOR THE FISCAL YEAR ENDED JUNE 30, 2016
The list that follows includes the name of each finn, corporation and person to whom more than two hundred fifty dollars ($250) in the aggregate from all funds was paid during the fiscal year, together with the aggregate amount paid, all for the education of students. Original
Vendor Name Amount
AASA $ 450
ABSOLUTE ASSURANCE DRUG TESTIN 512
ADKINS HOME CENTER 5,630
ALFRED NICKLES BAKERY 3,871
ALICIA RACHELLE LAMBERT 1,076
ALLEN RAPP JR 792
AMBER KYLE 5,301
ANITA HELMICK 2,284
Original
Vendor Name Amount
APPLIED EDUCATIONAL SYSTEMS 2,500
ASSET CONTROL SOLUTIONS INC 2,400
AT&T MOBILITY 3,575
ATCO INTERNATIONAL 2,442
BACK STREET AUTO 1,025
BELNICK, INC. 2,051
BEST LIFE THERAPY LLC 60,453
BIMBO FOODS INC 4,050
BLACKWATER OUTDOOR ADVENTURES 272
BLUE BIRD BUS SALES 102,735
BONNER TECH 1,800
BONNER’S TOWING 706
BOWLES RICE MCDAVID GRAFF LOVE 575
BRENDA HADDIX 295
BREWER & COMPANY OF WV INC. 1,500
Original
Vendor Name Amount
BROUGHTON SPORTS AND TROPHY 2,564
BRUCETON AG-SERVICES INC 1,122
CANDACE WRIGHT 20,775
CASTO TECHNICAL SERVICES INC 1,346
CDI 50,520
CDW GOVERNMENT, INC. 960
CENGAGE LEARNING 25,701
CHARLESTON FILTER SERVICE 12,270
CHELSI PRIMAVERO 330
CHRIS WILSON 464
CITY OF PARSONS 14,728
CITY OF THOMAS 16,710
CN METALS LLC 7,717
COAST TO COAST 430
Continued on next page
Original
Vendor Name Amount
COLOURS INC 3,231
COLOURS 27 1,001
COMBUSTION EQUIPMENT INC 333
CONTRACT PAPER GROUP INC 2,810
COOLE SCHOOL 1,828
CREATIVE NOTEBOOK SOLUTIONS 275
CROOK BROTHERS 63,096
CUMBERLAND PIPE & STEEL 490
CUMMINS CROSSPOINT 6,719
CUPTANE L.P. GAS CO., INC. 1,188
CURRICULUM ASSOCIATES, INC. 726
DAKTRONICS 30,556
DAVE LAMBERT 804
DAVIS ELECTRICAL SERVICE, INC. 791
DAVIS SHOP N SAVE 284
DAVIS THOMAS ELEMENTARY MIDDLE 3,500
DEPARTMENT ENV. PROTECTION 390
DISMORE AND SHOHL LLP 1,445
DISCOUNT SCHOOL SUPPLY 4,707
EDDIE EDWARDS SIGNS 3,125
ED MENTUM 2,044
EDUCATION FUNDING RESEARCH 4,924
EDUCATIONAL FUNDING GROUP, INC 3,459
EHRLICH 3,640
ELECTRONIC SPECIALTY COMPANY 9,900
ELKINS BULDERS SUPPLY CO. 607
Original
Vendor Name Amount
ERIN MARKS 548
FAIRFAX SAND & CRUSHED STONE 843
FIVE RIVERS LIBRARY 1,250
FRONTIER 24,367
FRONTIER COMM OF WEST VIRGINIA 54,516
FUN AND FUNCTION 278
GAYLORD OPRYLAND 1,102
GLADE SPRINGS 719
GLOBAL EQUIPMENT CO 496
GLOBAL RECOVERY SERVICES 1,076
GLOTFELTY ENTERPRISES INC 16,878
GRANT CO BOARD OF EDUCATION 834
GUTTMAN OIL 15,475
H & H HARDWARE 1,367
HAMRICK PUBLIC SERVICE DIST 12,633
HART OFFICE SOLUTIONS 15,892
HEIDI HAMRIC 1,184
HOOTEN EQUIPMENT 16,778
HORIZON MEDICAL TECHNOLGIES 549
HOUGHTON MIFFLIN COMPANY 1,764
IDENTIMETRICS, INC 1,497
IMPERIAL SUPPLIES LLC 1,358
J. T. MARTIN COMPANY 4,996
JAMES & LAW COMPANY 76,135
JAMES CORK 364
JAMES HAMRIC 341
Original
Vendor Name Amount
JESSICA SAMPLES 1,446
JILL EVICK 334
JONATHAN HICKS 1,452
JONES AND BARTLETT LEARNING 2,250
JOSH EVANS 292
JOSTENS 1,119
JUNIOR HELMICK JR. 453
KATHY E. DIBACCO 2,194
KELLY PRINTING SUPPLIES 1,661
KELLY UNDERWOOD 298
KIDWELL AUTO PARTS 3,994
KIM JOHNSON 737
KIMBERLY LIPSCOMB 3,062
LEAF 6,624
LEARNING A-Z 1,400
LIBERTY DISTRIBUTORS, INC. 72,792
LIMESTONE A/S 522
LLOYD HOFF HOLDING CORPORATION 2,297
LORI HAMIL TON 771
LYKINS OIL COMPANY 64,377
LYNDA C BENNETT LLC 14,760
MAGISTRATE CLERK OF TUCKER CO. 425
MARRIOTT INTERNATIONAL 1,426
MARVIN E. PARSONS 402
MASON & BARRY, INC. 421
Continued on next page
TUCKER COUNTY BOARD OF EDUCATION
SUPPLEMENTAL SCHEDULE OF EXPENDITURES
FOR THE FISCAL YEAR ENDED JUNE 30, 2016
Continued from previous page Original
Vendor Name Amount
MATHENY MOTOR TRUCK CO 38,615
MCCLAIN PRINTING COMPANY 910
MCDERMOTT WOODWORK INC 885
MCKINLEY & ASSOCIATES 2,200
MELISA DYER 263
MICHELE MULLENAX 673
MICHELL PRO DEMAND 1,019
MITCHELL1 1,099
MONONGAHELA POWER COMPANY 7,137
MONPOWER 359,907
MOUNTAINEER GAS 41,230
MOUNTAINEER POWER EQUIPMENT 10,100
MOUNTAINTOP LIBRARY 1,320
NAEIR 495
NEIL KISAMORE 354
NEOLA, INC 8,576
NETWORKS & MORE! INC 1,144
ORIENTAL TRADING CO., INC. 340
PAMELA B ROBERTS 4,412
PASS ASSURED LLC 897
PATRICIA THOMPSON 329
PEARSON EDUCATION 7,690
PHILLIPS ELECTRONICS 31,706
POMEROY IT SOLUTIONS 27,570
POWELL, INC 6,201
PRECISION PRINTED PRODUCTS 496
PREMIER SCHOOL AGENDAS, INC. 995
PRESTON-TAYLOR COMM HEALTH CTR 420
PROJECT LEAD THE WAY 5,507
QUILL CORPORATION 14,401
R M HUFFMAN 4,889
RED HORIZON TECHNOLOGIES LLC 2,540
RELIABLE ROOFING COMPANY 3,244
RENAISSANCE LEARNING, INC. 16,004
RESA VII 16,244
Original
Vendor Name Amount
RICHMORR & ASSOCIATES 11,373
RICOH USA INC 457
RIGNEY DIGITAL SYSTEMS LTD CO 864
ROB’S LOCKSMITH SERVICE 2,888
SAFETY KLEEN CORP. 1,951
SAM’S CLUB DIRECT COMMERCIAL 7,821
SAMUEL GOUGHNOUR 814
SCHMITT FAMILY MEDICINE 294
SCHOLARCHIP CARD LLC 500
SCHOOL HEALTH CORPORATION 1,397
SCHOOL OUTFITTERS. COM 5,112
SCHOOL THERAPY SERVICES 2,883
SENECA DESIGNS 3,043
SHAFFER FARMS LLC 1,748
SHOP AND SAVE 1,903
SMART HORIZONS 720
SNAP-ON TOOLS 9,300
SONGER INSURANCE AGENCY, INC. 3,008
SOSMETALPRODUCTSINC. 1,084
ST. GEORGE MEDICAL CLINIC 1,190
STATE ELECTRIC SUPPLY CO., INC 5,005
STUART-MCMUNN COMPANY 116,264
STURM ENVIRONMENTAL SERVICES 440
SUNRISE SANITATION SERVICES 50,646
SYSCO PITTSBURGH, LLC 285,036
TALBOTT FRAME SHOP 293
TERESA BRUSAK 1,044
THE EDUCATION ALLIANCE 1,750
THE INTER-MOUNTAIN 661
THE JASON PROJECT 1,100
THE PAINT STORE 293
THE PARSONS ADVOCATE 2,471
TOSHIBA FINANCIAL SERVICES 3,715
TRA SCHOOL SOFTWARE SOLUTIONS 2,003
TRACY GOODEN 1,678
TRACY TEETS 355
TRANSPORTATION ACCESSORIES CO. 1,079
TRENTON HELMICK 1,310
Original
Vendor Name Amount
TUCKER CO HIGH GENERAL FUND 8,561
TUCKER CO HIGH SCHOOL 2,210
TUCKER CO. BOARD OF EDUCATION 1,886
TUCKER COUNTY HEALTH DEPT. 1,620
TUCKER VALLEY SCHOOL GEN. FUND 8,159
TWISTED METAL BODYWORKS LLC 505
UNITED BANKCARD CENTER 149,486
UNITED DAIRY INC. 72,940
UNITED LABS 2,171
US BANCORP EQUIPMENT FINANCE 6,354
US! INSURANCE SERVICES LLC 1,329
VALERIE EYE 294
VALLEY SUPPLY COMPANY 2,457
VESTED HEIRS, LLC 895
VICKIE SMITH 323
W.W. GRAINGER INC. 699
WALMART COMMUNITY 441
WENDLING 7,953
WESTERN PSYCHOLOGICAL SERVICES 600
WILLIAMSON SHRIVER ARCHITECTS 138,458
WILSON LANGUAGE 3,325
WILSON SUPPLY COMPANY 1,387
WILSON WELDING 283
WIN LEARNING INC 2,500
WOODFORD OIL COMPANY 8,791
WV BOARD OF RISK & INSURANCE 58,079
WV DEPARTMENT OF EDUCATION 47,414
WV DEPT. OF AGRICULTURE 1,714
WV SPEECH LANGUAGE HEARING 640
WV STATE AUDITOR 19,870
WV STATE FIRE MARSHAL 1,880
WV UNIVERSITY 6,200
WVASBO 250
WVCPD 515
WVSBA 7,232
YANKEE CANDLE FUNDRAISING 3,333
ZINN SEPTIC SERVICE, LLC 1,476
TOTAL 2,678,087