Legal 6 col x 20”
1016 1023
REVISED
TUCKER COUNTY, WEST VIRGINIA, BOARD OF EDUCATION
STATEMENT OF NET POSITION
June 30, 2019
Governmental Activities
ASSETS AND DEFERRED OUTFLOWS OF RESOURCES
Assets:
Cash and cash equivalents $ 1,354,628
Investments 348,839
Taxes receivable, net of allowance for uncollectible taxes 55,335
Deposit with Retirement Board 15,483
Other receivables 115,964
Prepaid expenses 23,599
Due from other governments:
State aid receivable 41,086
PEIA allocation receivable 162,854
Reimbursements receivable 535,043
Capital Assets:
Land 85,819
Buildings and improvements 25,509,751
Furniture and equipment 1,234,063
Vehicles 1,679,743
Construction in process 986,840
Less accumulated depreciation (19,049,731)
Total capital assets, net of depreciation 10,446,485
Total assets 13,099,316
Deferred outflows of resources:
Pension 204,610
Other post employment benefits (OPEB) 420,811
Total deferred outflows of resources 625,421
Total assets and deferred outflows of resources $ 13,724,737
LIABILITIES, DEFERRED OUTFLOWS OF RESOURCES, AND NET POSITION
Liabilities:
Salaries payable and related payroll liabilities $ 854,474
PEIA premiums payable 222,208
Compensated absences 2,934
Accounts payable 157,101
Long-term obligations:
Net pension liability – Proportionate Share 176,595
Net other post employment benefit (OPEB) liability – Proportionate Share 978,011
Total liabilities 2,391,323
Deferred inflows of resources:
Pension 221,904
Other post employment benefit (OPEB) 194,098
Total deferred inflows of resources 416,002
Total liabilities and deferred inflows of resources $ 2,807,325
Net Position:
Net Investment in Capital Assets $ 10,446,485
Restricted for:
Special projects 202,081
Capital projects 18,813
Unrestricted 25,033
Total net position $ 10,692,412
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 ACTIVITIES
For the Fiscal Year Ended June 30, 2019
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 $ 6,775,772 $ – $ 1,733,423 $ – $ (5,042,349)
Supporting services:
Students 446,049 – – – (446,049)
Instructional staff 223,905 – 17,445 – (206,460)
General administration 220,555 – – – (220,555)
School administration 585,494 – – – (585,494)
Central services 355,720 – – – (355,720)
Operation and maintenance of facilities 1,265,111 – 46,649 993,788 (224,674)
Student transportation 995,755 16,550 – – (979,205)
Other support services – – – – –
Food services 833,810 – 519,086 – (314,724)
Community services – – – – –
Total governmental activities 11,702,171 16,550 2,316,603 993,788 (8,375,230)
General revenues:
Property taxes 4,004,033
Unrestricted state aid 4,708,788
Unrestricted investment earnings 7,951
Unrestricted grants and contributions 123,829
Gain (loss) on disposal of capital assets 12,175
Transfers in 309,460
Transfers (out) (309,460)
Total general revenues, extraordinary items and transfers 8,856,776
Change in net position 481,546
Net assets- beginning 10,435,866
Net position- ending $ 10,917,412
*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
June 30, 2019
General Special Capital
Current Revenue Fund Projects Total
Expense Fund Fund Governmental
ASSETS AND DEFERRED OUTFLOWS OF RESOURCES
Assets:
Cash and Cash equivalents $ 1,354,628 $ – $ – $ 1,354,628
Investments 348,839 – – 348,839
Taxes receivable, net 55,335 – – 55,335
Deposit with retirement board 15,483 – – 15,483
Prepaid expenses 23,599 – – 23,599
Food service receivable, net – 45,229 – 45,229
Other receivables 70,735 – – 70,735
Due from other governments:
State aid receivable 41,086 – – 41,086
PEIA allocation receivable 162,854 – – 162,854
Reimbursements receivable – 356,631 178,412 535,043
Due from other funds 8,719 147,393 – 156,112
Total assets ######### ## 549,253 178,412 2,808,943
Deferred outflows of resources – – – –
Total deferred outflows of resources – – – –
TOTAL ASSETS PLUS DEFERRED OUTFLOWS OF RESOURCES $ 2,081,278 $ 549,253 $ 178,412 $ 2,808,943
LIABILITIES, DEFERRED INFLOWS OF RESOURCES AND FUND BALANCES
Liabilities:
Salaries payable and related payroll liabilities $ 719,087 $ 135,387 $ – $ 854,474
PEIA premiums payable 185,008 37,200 – 222,208
Accounts payable & Payable to others 96,240 59,155 1,706 157,101
Due to other funds – 156,112 156,112
Total liabilities 1,000,335 231,742 157,818 1,389,895
Deferred inflows of resources 27,585 41,236 1,781 70,602
Total deferred inflows of resources 27,585 41,236 1,781 70,602
Fund Balances:
Nonspendable 39,082 – – 39,082
Restricted – 202,081 18,813 220,894
Committed – – – –
Assigned – 74,194 – 74,194
Unassigned 1,014,276 – – 1,014,276
Total fund balances 1,053,358 276,275 18,813 1,348,446
TOTAL LIABILITIES, DEFERRED INFLOWS OF RESOURCES
AND FUND BALANCE: $ 2,081,278 $ 549,253 $ 178,412 $ 2,808,943
Total fund balance $ 181,308
Amounts reported for governmental activities in the statement of net assets differ due to:
Capital assets used in governmental activities are not financial resources and, therefore,
are not reported in the funds 10,446,485
Other deferred charges are not reported in the funds 13,426
Property taxes receivable and food service billings receivable will be collected this year but
are not available soon enough to pay for the current period’s expenditures, and are
therefore deferred in the funds periods and, therefore, are not reported in the funds 57,176
Deferred outflows and inflows of resources related to pensions 204,610
Deferred inflows of resources related to pensions (221,904)
Deferred outflows of resources related to OPEB 420,811
Deferred inflows of resources related to OPEB (194,098)
Some liabilities, including net pension obligations, are not due and payable in the
current period and, therefore, are not reported in the funds
Compensated absences (2,934)
Net pension liability – proportionate share (176,595)
Net OPEB liability – proportionate share (978,011)
Net position of governmental activities $ 10,917,412
*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, 2019
Net change in fund balances – total governmental funds $ 530,211
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 (807,003)
Capital outlays 1,080,130
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 (24,932)
Operating Grants and Contributions (203,240)
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 (103,260)
Accumulated depreciation of assets disposed 92,767
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 15,138
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 34,399
Cost of benefits earned net of employee contributions (134,641)
Change in net assets of governmental activities $ 481,546
*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
June 30, 2019
Agency Funds
School Activity
Funds
ASSETS AND DEFERRED OUTFLOWS OF RESOURCES
Assets:
Cash and cash equivalents $ 345,247
Total assets $ 345,247
LIABILITIES AND DEFERRED INFLOWS OF RESOURCES
Liabilities:
Due to student activities $ 345,247
Total liabilities $ 345,247
*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, 2019
General Capital
Current Special Projects Total
Expense Revenue Fund Governmental
Revenues:
Property taxes $ 4,028,965 $ – $ – $ 4,028,965
Other Local sources 86,877 51,822 46,649 185,348
State sources 6,322,356 819,086 992,007 8,133,449
Federal sources 193,761 1,408,134 – 1,601,895
Total revenues 10,631,959 2,279,042 1,038,656 13,949,657
Expenditures:
Instruction 5,720,716 1,289,955 – 7,010,671
Supporting services:
Students 398,888 77,789 – 476,677
Instructional staff 165,794 92,004 – 257,798
General administration 263,029 167 – 263,196
School administration 686,428 – – 686,428
Central Services 365,896 76,697 – 442,593
Operation and maintenance of facilities 1,266,468 122 48,736 1,315,326
Student transportation 1,001,820 149,151 – 1,150,971
Other support services – – – –
Food services 50,894 836,590 – 887,484
Community services – – – –
Capital outlay – – 940,477 940,477
Total expenditures 9,919,933 2,522,475 989,213 13,431,621
Excess (deficiency) of revenues over expenditures 712,026 (243,433) 49,443 518,036
Other financing sources (uses):
Proceeds from disposal of real or personal property 12,175 – – 12,175
Transfers in 33,730 273,643 2,087 309,460
Transfers (out) (275,730) (33,730) – (309,460)
Total other financing sources (uses) (229,825) 239,913 2,087 12,175
Net change in fund balances 482,201 (3,520) 51,530 530,211
Fund balances – beginning 571,157 279,795 (32,717) 818,235
Fund balances – ending $ 1,053,358 $ 276,275 $ 18,813 $ 1,348,446
*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, 2019
Board Officials
Timothy Turner $ 4,160
Daniel Evans 4,480
Christopher Gross 4,000
Cathy Hebb 4,320
Jessica Wamsley 4,480
Superintendent Alicia Lambert $ 95,000
TUCKER COUNTY BOARD OF EDUCATION
SUPPLEMENTAL SCHEDULE OF EXPENDITURES
For the Fiscal Year Ended June 30, 2019
The list that follows includes the name of each firm, 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.
Vendor Name Amount
ABSOLUTE ASSURANCE DRUG TESTING $ 467
ADKINS HOME CENTER 7,322
AFT-WEST VIRGINIA 9,344
AlP 2,049
AMERICAN FIDELITY 46,288
ANDY MARK INC 4,077
APPLIED EDUCATIONAL SYSTEMS 2,500
ASSET CONTROL SOLUTIONS INC 750
AT&T MOBILITY 3,587
ATCO INTERNATIONAL 2,630
BARNES & NOBLE 469
BEAR CONTRACTING 319,105
BEST LIFE THERAPY LLC 76,331
BLUE BIRD BUS SALES 120,469
BOWLES RICE MCDAVID GRAFF LOVE 1,425
BRAIN POP 1,795
BRAXTON CO BOARD OF EDUCATION 545
BREWER & COMPANY OF WV INC. 1,500
BRICKSTREET MUTUAL INSURANCE 67,419
BRUCETON AG-SERVICES INC 2,196
BSN SPORTS 656
CANDACE WRIGHT 28,847
CAREER SAFE 1,875
CASCO USA 5,983
CASTO TECHNICAL SERVICES INC 3,721
CDI 71,899
COW GOVERNMENT, INC. 39,983
COX’ AUTOMOTIVE 2,450
CHARLESTON FILTER SERVICE 8,782
CHRIS GROSS 378
CITY OF PARSONS 15,623
CITY OF THOMAS 18,617
CLASSROOM DIRECT 588
CLEAR VIEW VISION SERVICES 2,733
CN METALS LLC 5,930
GOBER CUMMINS 60,368
COLOURS INC 3,888
COMPTROLLER OF THE TREASURY 4,236
COOLE SCHOOL 957
CPI 300
CROOK BROTHERS 55,685
CUMMINS CROSSPOINT 1,723
.C UPTANE L.P. GAS CO., INC. 905
DANIEL EVANS 257
DAVIS SHOP N SAVE 507
DAVIS THOMAS SCHOOL GEN. FUND 4,232
DELTA DENTAL OF WV 60,773
DEPARTMENT ENV. PROTECTION 310
DINSMORE AND SHOHL LLP 13,088
DISCOUNT SCHOOL SUPPLY 1,989
EHRLICH 4,080
ELECTRONIC SPECIALTY COMPANY 4,620
EMBASSY SUITES CHARLESTON 1,496
ENERGY EXPRESS 300
FAIRFAX SAND & CRUSHED STONE 3,605
FAN CLOTH 544
FARONICS 2,940
FIFTH THIRD BANK 60,742
FLINN SCIENTIFIC, INC. 588
Vendor Name Amount
FRONTIER 14,418
FRONTIER COMM OF WEST VIRGINIA $ 51,040
FRONTLINE TECHNOLOGIES LLC 2,023
GEORGIANA COLLETT 300
GLADE SPRINGS 360
GLOTFELTY ENTERPRISES INC 12,018
GLOTFELTY TIRE CENTER 854
GORDON FOOD SERVICE INC 284,584
H & H HARDWARE 1,288
H & S CONTROLS 265
HAMRICK PUBLIC SERVICE DIST 14,468
HARRISON COUNTY SCHOOLS 1,512
HART OFFICE SOLUTIONS 15,009
HORACE MANN LIFE INSURANCE CO 4,400
HORSESHOE LEADERSHIP CENTER 7,225
HOUGHTON MIFFLIN COMPANY 1,089
HPS LLC 3,034
IDENTIMETRICS, INC 1,497
IMPERIAL SUPPLIES LLC 311
INTEGRATED SPEECH SOLUTIONS 101,804
INTERNAL REVENUE SERVICE 1,437,534
IXL LEARNING 4,841
J. T. MARTIN COMPANY 8,782
JAMES & LAW COMPANY 44,145
JERRY PHILLIPS 350
JESSICA SAMPLES 3,821
KAREN HOTT 7,575
KATHY E. DIBACCO 668
KIDWELL AUTO PARTS 5,318
LAKESHORE BASICS & BEYOND 438
LEAF 8,722
LEGO EDUCATION 1,868
LIBERTY DISTRIBUTORS, INC. 56,984
LINCOLN FINANCIAL GROUP 5,977
LLOYD HOFF HOLDING CORPORATION 720
LYKINS OIL COMPANY 127,365
LYNDA C BENNETT LLC 9,330
MARION CO. BOARD OF EDUCATION 2,686
MARRIOTT INTERNATIONAL 1,417
MASON & BARRY, INC. 6,350
MASON BERRY 1,062
MATHENY MOTOR TRUCK CO 26,786
MCGRAW-HILL 36,578
MICHELE MULLENAX 1,687
MON VALLEY ELECTRIC 390
MONPOWER 313,569
MONPOWER. 27,455
MORGANTOWN MARRIOTT 1,296
MOUNTAIN STATE ESC 769
MOUNTAINEER GAS 43,523
MSES CONSULTANT 1,695
NASCO 554
NEOLA, INC 2,829
NETWORKS & MORE! INC 1,134
NEWLONS 488
NF MANSUETTO & SONS INC 367,974
O.C.CLUSS LUMBER COMPANY 1,161
ORIENTAL TRADING CO., INC. 687
PARCHMENT INC 472
PASS ASSURED LLC 428
PAUL SCHAEFFER LLC 1,517
PEARSON EDUCATION 1,088
PEl A 324,729
PEIA-RHBT 44,204
PERFORMANCE MOTOR SALES 779
PHEAA 5,032
PHILLIPS ELECTRONICS 22,961
PHONAK LLC 2,627
PITSCO 2,729
POWELL, INC 1,764
PROJECT LEAD THE WAY 20,333
QUILL CORPORATION 7,844
R M HUFFMAN 5,624
RADIO ENGINEERING INDUSTRIS 1,242
RELIABLE ROOFING COMPANY 48,736
RELIASTAR LIFE INSURANCE CO. 650
RENAISSANCE LEARNING, INC. 19,975
REV ROTOBICS 1,617
RICHMORR & ASSOCIATES 10,487
Vendor Name Amount
RIGNEY DIGITAL SYSTEMS LTD CO 400
ROB’S LOCKSMITH SERVICE 4,055
ROBERT MASTEN 1,258
ROTO-ROOTER 1,667
SAFELITE AUTOGLASS 628
SAFETY KLEEN CORP. 313
SAM’S CLUB DIRECT COMMERCIAL 3,372
SCHOOL HEALTH CORPORATION 668
SCHOOL MART 3,956
SCHOOL MATE 651
SCHOOL OUTFITTERS.COM 12,749
SENIOR CLASS GRADUATION PRODUC 426
SESC 937
SHOP AND SAVE 1,586
SMART HORIZONS 680
SOSMETAL PRODUCTS INC. 674
SOURCE4 395
ST. GEORGE MEDICAL CLINIC 8,605
STATE ELECTRIC SUPPLY CO., INC 12,851
STATE FIRE MARSHAL 2,870
STATE TAX COMMISSION 262,518
STURM ENVIRONMENTAL SERVICES 458
SUE DICKSON’S 28,130
SUNNY COMMUNICATION INC 3,102
SUNRISE SANITATION SERVICES 51,770
TALBOTT PAINT & GLASS 720
TAYLOR COUNTY SCHOOLS 252
THE PARSONS ADVOCATE 1,269
TIMBROOK AUTO 29,460
TOSHIBA FINANCIAL SERVICES 9,888
TRA SCHOOL SOFTWARE SOLUTIONS 2,234
TRANSPORTATION ACCESSORIES CO. 2,562
TRAVELS CL REMITTANCE CENTER 350
TSA CONSULTING GROUP, INC. 1,273
TUCKER CO HIGH GENERAL FUND 10,232
TUCKER CO SOLID WASTE AUTHORITY 559
TUCKER COUNTY HEALTH DEPT. 1,500
TUCKER COUNTY SENIOR CENTER 1,350
TUCKER VALLEY SCHOOL GEN. FUND 11,288
U-LINE 2,217
UNITED BANKCARD CENTER 51,812
UNITED DAIRY INC. 42,120
UNITED LABS 330
US DEPARTMENT OF EDUCATION 2,234
US DEPARTMENT OF EDUCATION AWG 2,276
USI INSURANCE SERVICES LLC 756
VALIC 21,674
VALLEY STEEL 399
VALLEY SUPPLY COMPANY 1,675
VICKIE NESLER 1,000
VISION SERVICE PLAN 17,188
WALMART COMMUNITY 679
WASHINGTON NATIONAL INS. CO. 15,894
WENDLING 401
WILLIAM DILLY 16,350
WILLIAMSON SHRIVER ARCHITECTS 278,407
WILSON SUPPLY COMPANY 1,246
WORTHINGTON DIRECT 2,011
WV BOARD OF RISK & INSURANCE 58,785
WV BUREAU EMPLOYMENT PROGRAMS 8,824
WV CONSOLIDATED PUBLIC 359,178
WV DEPARTMENT OF EDUCATION 3,928
WV DEPT OF EDUCATION 600
WV DEPT. OF AGRICULTURE 1,042
WV PROFESSIONAL EDUCATORS 480
WV SCHOOL SERVICE PERSONNEL 4,534
WV STATE AUDITOR 19,870
WV TEACHERS DEFINED CONT. SYS. 34,101
WVASA 1,015
WVCASE 350
WVEA 13,289
WVSBA 8,982
ZANER-BLOSER 2,042
ZINN SEPTIC SERVICE, LLC 1,656
TOTAL 6,228,327