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, 2015
11 61
General
Current Special Total
Expenses Revenue Governmental
Revenues:
Property taxes $ 3,885,484 $ – $ 3,885,484
Other Local sources 205,790 154,183 359,973
State sources 6,518,762 693,699 7,212,461
Federal sources 321,292 1,140,158 1,461,450
Miscellaneous sources – – –
Total revenues 10, 931, 328 1,988,040 1 2, 919, 368
Expenditures:
Instruction 6,868,651 978,223 7,846,874
Supporting services:
Students 346,751 69,654 416,405 Instructional staff 172,334 122,741 295,075
General administration 353,381 – 353,381
School administration 572,730 – 572,730
Central Services 258,803 21,844 280,647
Operation and maintenance of facilities 1,217,184 – 1,217,184
Student transportation 794,414 102,173 896,587
Other support services – – –
Food services – 810,217 810,217
Community services – – –
Capital outlay – 15,000 15,000
Debt service:
Principal retirement – – –
Interest and fiscal charges – – –
Total expenditures 10,584,248 2,119,852 12,704,100
Excess (deficiency) of revenues over expenditures 347,080 (131,812) 215,268
Other financing sources (uses):
Proceeds from disposal of real or personal property 5,100 – 5,100
Proceeds from the sale of bonds – – –
Transfers in 25,427 294,657 320,085 Transfers (out) (294,657) (25,427) (320,085)
Total other financing sources (uses) (264,130) 269,230 5,100
Extraordinary Item:
Other post employment benefits – – –
Net change in fund balances 82,950 137,418 220,368
Fund balances – beginning 278,386 111,209 389,595
Prior period adjustments – (See Note __ ) – – –
Fund balances – beginning, as restated 278,386 111,209 389,595
Fund balances – ending $ 361,336 $ 248,627 $ 609,963
*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, 2015
Net change in fund balances – total governmental funds $ 220,368
activites are different due to:
However, in the statement of net assets, the cost of those assets is
Depreciation expense (842,107)
Capital outlays 179,215
soon enough to pay for the current period’s expenditures. This is the
Property taxes receivable (27,221)
Operating Grants and Contributions (91,439)
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.
consumes the current financial resources of governmental funds.
capital assets are reported as a loss and reduction in net assets in
Cost of assets disposed
Accumulated depreciation of assets disposed
net assets, but are only reported in government funds to the extent
Accrued vacation payable (19,051)
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. –
Change in net assets of governmental activities $ (580,235)
TUCKER COUNTY, WEST VIRGINIA, BOARD OF EDUCATION
STATEMENT OF FIDUCIARY NET POSITION – FIDUCIARY FUNDS
FOR THE FISCAL YEAR ENDED JUNE 30, 2015
Agency Funds
School Activity
Funds
ASSETS AND DEFERRED OUTFLOWS OF RESOURCES
Assets:
Cash and cash equivalents $ 280,520
Receivables –
Total assets 280,520
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 280,520
Total liabilities 280,520
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, 2015
Salary Expenditures
Board Officials
Janet Preston $ 4,000
Marvin E. Parsons 4,000
Tim Turner 3,520
Kevin White 4,160
Judy Fairbanks 3,680
Superintendent 115,000
Total salaries paid to other professional personnel 4,917,811
Total salaries paid to service personnel 1,648,598
Fixed Costs paid on the above salaries 3,638,447
Total Salary $ 10,339,216
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) 2,672,073
Total Non-salary expenditures paid of less than two hundred fifty dollars ($250) 12,896
Total non-salary expenditures 2,684,969
Total expenditures per financial statements $ 13,024,185
TUCKER COUNTY BOARD OF EDUCATION
SUPPLEMENTAL SCHEDULE OF EXPENDITURES
FOR THE FISCAL YEAR ENDED JUNE 30, 2015
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.
AAA 641
ABSOLUTE ASSURANCE DRUG TESTING 600
ACE EXTERMINATORS 2,843
ACTIVITIES FOR LEARNING 6,274
ADKINS HOME CENTER 5,520
ALICIA RACHELLE LAMBERT 594
ALISON RAPP 2,049
ALLEN RAPP JR 587
AMBER KYLE 981
AMPLIFY 1,526
AMY MOORE 283
ANAHEIM MARRIOTT 1,051
ANDERSON’S 476
ANGELA HUMPHREY 578
ANITA HELMICK 458
APPLIED EDUCATIONAL SYSTEMS 1,890
ASSET CONTROL SOLUTIONS INC 455
AT&T 784
AT&T MOBILITY 2,552
ATCO INTERNATIONAL 2,326
AUTO JET MUFFLER CORP. 3,158
BACK STREET AUTO 745
BANDLAND 399
BELINDA MOSS 1,168
BEST LIFE THERAPY LLC 18,915
BIG BRAINZ 5,000
BILL WALTON 299
BIMBO FOODS INC 9,773
BLACKWATER BIKES 1,000
BLACKWATER FALLS STATE PARK 275
BLICK ART MATERIALS 343
BLUE BIRD BUS SALES 103,726
BRENDA HADDIX 288
BREWER & COMPANY OF WV INC. 2,211
BUZZ PRODUCTS, INC. 1,192
CANAAN VALLEY RESORTS, INC. 967
CANDACE WRIGHT 17,900
CASTO TECHNICAL SERVICES INC 1,160
CDI 9,539
CDX AUTOMOTIVE 2,250
CHARLESTON FILTER SERVICE 11,410
CITY OF PARSONS 14,907
CITY OF THOMAS 15,799
CLASSROOM DIRECT 362
CLAYMAN & ASSOCIATES PLLC 2,500
CLIFFORD V HENSON 771
CLUSS LUMBER CO 408
COLOURS INC 3,813
COMBUSTION EQUIPMENT INC 473
CONSTRUCTIVE PLAYTHINGS 348
CONTRACT PAPER GROUP INC 1,902
COOLE SCHOOL 1,775
COUNTRY INN AND SUITES 332
CUMMINS CROSSPOINT 3,269
CUPTANE L.P. GAS CO., INC. 1,871
CURRICULUM ASSOCIATES, INC. 3,946
DALE LANSBERRY 614
DAVE LAMBERT 694
DAVID KYLE 405
DAVID NELSON 282
DAVIS SHOP N SAVE 1,410
DAVIS THOMAS ELEMENTARY MIDDLE 3,800
DENVER GAYDON 365
DEPARTMENT ENV. PROTECTION 310
DICK BLICK COMPANY 282
DINSMORE AND SHOHL LLP 11,534
DISCOUNT SCHOOL SUPPLY 3,114
DISCOVERY EDUCATION 2,600
EDMENTUM 2,415
EDUCATION FUNDING RESEARCH 3,300
EDUCATIONAL FUNDING GROUP, INC 1,619
EGLON FARM SERVICE 817
EHRLICH 1,264
ELECTRONIC SPECIALTY COMPANY 4,092
ELKINS BULDERS SUPPLY CO. 1,605
EMBASSY SUITES CHARLESTON 3,544
FAIR FAX SAND & CRUSHED STONE 687
FAMILY DOLLAR STORE 608
FOLLETT EDUCATIONAL SERVICES 480
FORTITUDE PHYSICAL THERAPY & 2,895
FRANK E. WILSON LUMBER CO. 1,197
FRONTIER 32,807
FRONTIER COMM OF WEST VIRGINIA 93,720
FRONTLINE TECHNOLOGIES LLC 3,750
GENERAL RENTAL 1,245
GLOTFELTY ENTERPRISES INC 11,429
GUTTMAN OIL 113,348
H & H HARDWARE 628
HAMRICK PUBLIC SERVICE DIST 12,802
HART OFFICE SOLUTIONS 14,559
HEIDI HAMRIC 1,041
HELLBENDER BURRITOS 490
HOBART 1,462
HOLLY PLUNKETT 809
HOOTEN EQUIPMENT 9,819
HORIZON MEDICAL TECHNOLGIES 273
IDENTIMETRICS, INC 1,497
IMPERIAL SUPPLIES LLC 1,688
J. T. MARTIN COMPANY 5,128
JAMES & LAW COMPANY 13,648
JAMES HAMRIC 607
JANET PRESTON 474
JAQUELINE ROY 378
JESSICA SAMPLES 2,012
JONATHAN HICKS 1,394
JUNIOR HELMICK JR. 721
KATHY E. DIBACCO 1,255
KIDWELL AUTO PARTS 3,956
KIMBERLY LIPSCOMB 2,112
LAMINATION DEPOT, INC. 258
LAUREN SMITH 259
LEAF 6,596
LIBERTY DISTRIBUTORS, INC. 62,812
LINCOLN FINANCIAL GROUP 9,497
LITTLE CAESARS PIZZA KIT 788
LLOYD HOFF HOLDING CORPORATION 2,548
LORI HAMILTON 1,394
LYNDA C BENNETT LLC 13,063
MAGISTRATE CLERK OF TUCKER CO. 340
MARRIOTT INTERNATIONAL 1,669
MARVIN E. PARSONS 367
MASON & BARRY, INC. 1,547
MATHENY MOTOR TRUCK CO 32,095
MAX-ABILITY INC 3,820
MELISA DYER 375
MICHELE MULLENAX 739
MONPOWER 3 35,462
MOUNTAINEER GAS 56,710
NIPS ACCOUNTS RECEIVABLE 973
MSES CONSULTANT 2,175
NAEIR 2,133
NEOLA, INC 7,595
NETWORKS & MORE! INC 1,191
NIMCO 281
ORIENTAL TRADING CO., INC. 783
PAMELA B ROBERTS 7,505
PAMELA KISAMORE 265
PASS ASSURED LLC 1,196
PAUL SCHAEFFER LLC 618
Continued on next page
Expenditure list continued from previous page
PEARSON EDUCATION 840
PERFECT HEALTH SUPPLIES, INC 521
PHILLIPS ELECTRONICS 25,212
POMEROY IT SOLUTIONS 6,586
POWELL, INC 4,055
PRECISION PRINTED PRODUCTS 558
PREMIER SCHOOL AGENDAS, INC. 678
PRESTON FEDERAL CREDIT UNION 3 2,988
PRESTON-TAYLOR COMM HEALTH CTR 390
PUBLIC SURPLUS 408
QUILL CORPORATION 16,492
R M HUFFMAN 19,117
RACHEL STAFFORD 410
RED HORIZON TECHNOLOGIES LLC 1,270
RELIANCE COMMUINICATION INC 1,547
RELIASTAR LIFE INSURANCE CO. 750
RENAISSANCE LEARNING, INC. 8,990
RESA VII 16,720
RICHMORR & ASSOCIATES 12,427
RICOH USA INC 457
RIGNEY DIGITAL SYSTEMS LTD CO 522
ROBERTS ESTATES INC. 25,478
ROB’S LOCKSMITH SERVICE 4,269
RONALD WILLIAMS 13,580
ROTO-ROOTER 945
SAFETY KLEEN CORP. 2,359
SAM’S CLUB DIRECT COMMERCIAL 8,445
SAMUEL GOUGHNOUR 447
SARA ARONIN 2,338
SCHOOL HEALTH CORPORATION 865
SCHOOL IMPROVEMENT 13,500
SCHOOL NURSE SUPPLY 411
SCHOOL THERAPY SERVICES 58,376
SCIENTIFIC LEARNING 5,400
SENECA DESIGNS 386
SHAFFER FARMS LLC 2,297
SHOP AND SAVE 1,361
SIRIANNI’S PIZZA CAFE 757
SNAP-ON TOOLS 1,500
SOSMETAL PRODUCTS INC. 1,209
SOURCE4 350
ST. GEORGE MEDICAL CLINIC 1,045
STATE ELECTRIC SUPPLY CO., INC 5,413
STATE TAX COMMISSION 274,089
STUART-MCMUNN COMPANY 863
STURM ENVIRONMENTAL SERVICES 573
SUNRISE SANITATION SERVICES 45,137
SURPRIZE NOVELTY 293
SYSCO PITTSBURGH, LLC 315,143
T D’S CLASSIC TEES 1,407
TALBOTT PAINT & GLASS 321
TERESA BRUSAK 688
THE INTER-MOUNTAIN 279
THE JASON PROJECT 5,280
THE PARSONS ADVOCATE 1,950
THINK THROUGH LEARNING INC 3,800
THOMAS EDUCATION CENTER 4,000
THOMAS MICHAEL CONSLA 318
TIMOTHY TURNER 384
TRA SCHOOL SOFTWARE SOLUTIONS 2,149
TRACY TEETS 1,636
TRANSPORTATION ACCESSORIES CO. 337
TRANSWORLD SYSTEMS 750
TRENTON HELMICK 1,960
TRI-STATE ROOFING & SHEET METAL 1,993
TSA CONSULTING GROUP, INC. 1,401
TUCKER CO HIGH GENERAL FUND 1 3,573
TUCKER CO HIGH SCHOOL 430
TUCKER CO. BOARD OF EDUCATION 2,103
TUCKER COUNTY HEALTH DEPT. 1,426
TUCKER VALLEY SCHOOL GEN. FUND 10,369
UNITED BANKCARD CENTER 230,453
UNITED DAIRY INC. 71,719
UNITED LABS 2,680
US BANCORP EQUIPMENT FINANCE 7,633
USI INSURANCE SERVICES LLC 637
VALIC 5,260
VALLEY SUPPLY COMPANY 372
VERIZON BUSINESS SERVICES 1,520
VESTED HEIRS, LLC 416
WALK BY FAITH PT LLC 7,445
WALMART COMMUNITY 2,911
WASHINGTON NATIONAL INS. CO. 22,259
WENDLING 3,742
WEST VIRGINIA UNIVERSITY 910
WESTERN MD SEPTIC 500
WILSON LANGUAGE 2,976
WILSON SUPPLY COMPANY 1,128
WORLD VISION 384
WORLDWIDE INTERACTIVE NETWORK 2,500
WV BOARD OF RISK & INSURANCE 58,072
WV DEPARTMENT OF EDUCATION 1,050
WV DEPT. OF AGRICULTURE 4,788
WV SPEECH LANGUAGE HEARING 620
WV STATE AUDITOR 19,870
W VASBO 670
W VSBA 7,432
WVU AT PARKERSBURG 368
YANKEE CANDLE FUNDRAISING 3,260
ZINN HOE SERVICE INC 1,476
TOTAL 2,672,073