Hampshire County, West Virginia
Statement of Net Position
For the Fiscal Year Ended June 30, 2025
Primary Government
Governmental Farmland Parks and Board of
Activities Protection Recreation Health
Assets
Current Assets:
Cash and cash equivalents $ 4,486,894 $ 1,257,335 $ 73,996 $ 1,106,367
Receivables:
Taxes 250,239 — — —
Accounts — — — 22,384
Lease 221,213 — — —
Due from:
Other governments 32,731 — — —
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Total current assets 4,991,077 1,257,335 73,996 1,128,751
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Restricted assets:
Restricted cash – Building Commission 252,673 — — —
Capital assets:
Nondepreciable:
Land 1,098,322 — — —
Easements — 5,118,447 — —
Construction in progress 1,565,082 — — —
Depreciable:
Buildings 11,943,845 — — —
Structures and improvements 4,248,104 — 618,151 —
Machinery and equipment 6,084,263 — 50,793 83,234
Leased equipment (intangible asset) 125,391 — — —
Less: accumulated depreciation (11,781,609) — (77,249) (61,713)
Less: accumulated amortization (21,317) — — —
Other debits:
Net OPEB assets 778 — — —
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Total assets 18,506,609 6,375,785 665,691 1,150,272
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Deferred Outflows
Refunding of debt 430,568 — — —
Changes in employer proportion and differences
between contributions and proportionate share of
contributions 58,685 — — —
Difference in assumptions 124,008 — — —
Difference between expected and actual
experience 906,829 — — —
Employer contributions subsequent
to measurement date 695,955 — — —
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Total deferred outflows of resources 2,216,045 — — —
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Liabilities
Current liabilities payable from current assets:
Accounts payable 86,318 — — 18,865
Accrued interest payable 81,392 — — —
Unearned revenues:
Federal grant 71,210 — — —
Noncurrent liabilities:
Bonds payable – due within one year 329,568 — — —
Bonds payable – due in more than one year 4,422,968 — — —
Notes payable – due within one year — — 11,931 —
Notes payable – due in more than one year — — 142,887 —
Leases payable – due within one year 75 — — —
Leases payable – duue in more thann one year 124,484 — — —
Net OPEB liability — — — 275,877
Compensated absences payable 664,576 — — 13,425
Net pension liability 245,126 — — —
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Total liabilities 6,025,717 — 154,818 308,167
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Deferred Inflows
Lease receivable
214,174 — — —
Differences between projected and actual
investment earnings 607,435 — — —
Difference in assumptions 36,886 — — —
Differences between expected and actual experience 1,076 — — —
Changes in employer proportion and
differences between contributions and
proportionate share of contributions 41,341 — — —
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Total deferred inflows of resources 900,912 — — —
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Net Position
Net investment in capital assets 8,384,986 5,118,447 619,515 21,521
Restricted for:
Bingo and raffle — — 8,227 —
Unrestricted 5,411,039 1,257,335 (116,869) 820,584
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Total net position $ 13,796,025 $ 6,375,782 $ 510,873 $ 842,105
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