Legal 6 col x 19”
0930 1007
TUCKER COUNTY, WEST VIRGINIA, BOARD OF EDUCATION
STATEMENT OF NET POSITION
June 30, 2020
Governmental Activities
ASSETS AND DEFERRED OUTFLOWS OF RESOURCES
Assets:
Cash and cash equivalents $ 2,238,352
Investments 354,311
Taxes receivable, net of allowance for uncollectible taxes 57,450
Deposit with Retirement Board 70,648
Other receivables 319,377
Prepaid expenses 24,065
Due from other governments:
State aid receivable 56,385
PEIA allocation receivable 168,830
Reimbursements receivable 1,238,334
Capital Assets:
Land 85,819
Buildings and improvements 26,298,055
Furniture and equipment 1,262,892
Vehicles 1,786,731
Construction in process 3,505,970
Less accumulated depreciation (19,774,005)
Total capital assets, net of depreciation 13,165,462
Total assets 17,693,214
Deferred outflows of resources:
Pension 148,489
Other post employment benefits (OPEB) 310,336
Total deferred outflows of resources 458,825
Total assets and deferred outflows of resources $ 18,152,039
LIABILITIES, DEFERRED OUTFLOWS OF RESOURCES, AND NET POSITION
Liabilities:
Salaries payable and related payroll liabilities $ 885,744
PEIA premiums payable 242,830
Compensated absences 7,999
Accounts payable 255,178
Long-term obligations:
Net pension liability – Proportionate Share 239,977
Net other post employment benefit (OPEB) liability – Proportionate Share 385,881
Total liabilities 2,017,609
Deferred inflows of resources:
Pension 179,474
Other post employment benefit (OPEB) 596,955
Total deferred inflows of resources 776,429
Total liabilities and deferred inflows of resources $ 2,794,038
Net Position:
Net Investment in Capital Assets $ 13,165,462
Restricted for:
Capital projects 20,594
Unrestricted 2,171,945
Total net position $ 15,358,001
*Contains estimates for property tax as Sheriff’s Settlement Statement was not received.**
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, 2020
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 $ 7,016,635 $ 32 $ 474,771 $ – $ (6,541,832)
Supporting services:
Students 378,389 – 787,979 – 409,590
Instructional staff 146,926 – 24,191 – (122,735)
General administration 440,343 – – – (440,343)
School administration 614,546 – – – (614,546)
Central services 361,663 – – – (361,663)
Operation and maintenance of facilities 1,147,428 – – 3,309,215 2,161,787
Student transportation 939,449 20,144 – – (919,305)
Other support services – – – – –
Food services 916,506 – 632,687 – (283,819)
Community services – – – – –
Total governmental activities 11,961,885 20,176 1,919,628 3,309,215 (6,712,866)
General revenues:
Property taxes 3,957,834
Unrestricted state aid 6,808,336
Unrestricted investment earnings 6,550
Unrestricted grants and contributions 380,235
Gain (loss) on disposal of capital assets 500
Transfers in 263,084
Transfers (out) (263,084)
Total general revenues, extraordinary items and transfers 11,153,455
Change in net position 4,440,589
Net assets- beginning 10,917,412
Net position- ending $ 15,358,001
*Contains estimates for property tax as Sheriff’s Settlement Statement was not received.**
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, 2020
General Special Capital
Current Revenue Fund Projects Total
Expense Fund Fund Governmental
ASSETS AND DEFERRED OUTFLOWS OF RESOURCES
Assets:
Cash and Cash equivalents $ 2,238,352 $ – $ – $ 2,238,352
Investments 354,311 – – 354,311
Taxes receivable, net 57,450 – – 57,450
Deposit with retirement board 70,648 – – 70,648
Prepaid expenses 13,648 10,417 – 24,065
Food service receivable, net – 91,080 – 91,080
Other receivables 228,297 – – 228,297
Due from other governments:
State aid receivable 56,385 – – 56,385
PEIA allocation receivable 168,830 – – 168,830
Reimbursements receivable – 794,618 443,716 1,238,334
Due from other funds 757,882 – – 757,882
Total assets 3,945,803 896,115 443,716 5,285,634
Deferred outflows of resources – – – –
Total deferred outflows of resources – – – –
TOTAL ASSETS PLUS DEFERRED OUTFLOWS OF RESOURCES $ 3,945,803 $ 896,115 $ 443,716 $ 5,285,634
LIABILITIES, DEFERRED INFLOWS OF RESOURCES AND FUND BALANCES
Liabilities:
Salaries payable and related payroll liabilities $ 739,631 $ 146,113 $ – $ 885,744
PEIA premiums payable 209,298 33,532 – 242,830
Accounts payable & Payable to others 52,313 81,593 121,272 255,178
Due to other funds – 456,032 301,850 757,882
Total liabilities 1,000,242 717,270 423,122 2,141,634
Deferred inflows of resources 38,562 802,440 – 841,002
Total deferred inflows of resources 38,562 802,440 – 841,002
Fund Balances:
Nonspendable 13,648 – – 13,648
Restricted – – 20,594 20,594
Committed – – – –
Assigned 22,624 – – 22,624
Unassigned 2,869,727 (623,595) – 2,246,132
Total fund balances 2,905,999 (623,595) 20,594 2,302,998
TOTAL LIABILITIES, DEFERRED INFLOWS OF RESOURCES AND FUND BALANCES: $ 3,945,803 $ 896,115 $ 443,716 $ 5,285,634
Total fund balance $ 2,302,998
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 13,165,462
Other deferred charges are not reported in the funds 821,667
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 19,335
Deferred outflows and inflows of resources related to pensions 148,489
Deferred inflows of resources related to pensions (179,474)
Deferred outflows of resources related to OPEB 310,336
Deferred inflows of resources related to OPEB (596,955)
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 (7,999)
Net pension liability – proportionate share (239,977)
Net OPEB liability – proportionate share (385,881)
Net position of governmental activities $ 15,358,001
*Contains estimates for property tax as Sheriff’s Settlement Statement was not received.**
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.
Continued from previous page
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, 2020
General Capital
Current Special Projects Total
Expense Revenue Fund Governmental
Revenues:
Property taxes $ 3,975,870 $ – $ – $ 3,975,870
Other Local sources 97,506 32,463 – 129,972
State sources 8,236,701 326,878 3,309,215 11,872,794
Federal sources 254,209 770,271 – 1,024,480
Total revenues 12,564,289 1,129,612 3,309,215 17,003,116
Expenditures:
Instruction 6,104,854 1,110,153 – 7,215,007
Supporting services:
Students 359,757 51,841 – 411,598
Instructional staff 21,433 127,021 – 148,445
General administration 526,555 – – 526,555
School administration 725,326 – – 725,326
Central Services 422,911 2,504 – 425,415
Operation and maintenance of facilities 1,165,190 2,535 – 1,167,725
Student transportation 1,140,268 8,627 – 1,148,895
Other support services – – – –
Food services 38,358 934,306 – 972,664
Community services – – – –
Capital outlay – – 3,307,434 3,307,434
Total expenditures 10,504,652 2,236,978 3,307,434 16,049,064
Excess (deficiency) of revenues over expenditures 2,059,637 (1,107,366) 1,781 954,052
Other financing sources (uses):
Proceeds from disposal of real or personal property 500 – – 500
Transfers in 27,794 235,290 – 263,084
Transfers (out) (235,290) (27,794) – (263,084)
Total other financing sources (uses) (206,996) 207,496 – 500
Net change in fund balances 1,852,641 (899,870) 1,781 954,552
Fund balances – beginning 1,053,358 276,275 18,813 1,348,446
Fund balances – ending $ 2,905,999 $ (623,595) $ 20,594 $ 2,302,998
*Contains estimates for property tax as Sheriff’s Settlement Statement was not received.**
*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, 2020
Net change in fund balances – total governmental funds $ 954,552
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 (821,332)
Capital outlays 4,328,613
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 (18,036)
Operating Grants and Contributions 788,436
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 (885,362)
Accumulated depreciation of assets disposed 97,058
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 (5,065)
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 21,152
Cost of benefits earned net of employee contributions (55,921)
Governmental funds report district OPEB contributions as expenditures.
However, in the Statement of Activities, the cost of OPEB benefits
earned net of employee contributions is reported as OPEB expense
District OPEB contributions 40,930
Cost of benefits earned net of employee contributions 37,868
Change in net assets of governmental activities $ 4,440,589
*Contains estimates for property tax as Sheriff’s Settlement Statement was not received.**
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, 2020
Agency Funds
School Activity Funds
ASSETS AND DEFERRED OUTFLOWS OF RESOURCES
Assets:
Cash and cash equivalents $ 367,604
Total assets $ 367,604
LIABILITIES AND DEFERRED INFLOWS OF RESOURCES
Liabilities:
Due to student activities $ 367,604
Total liabilities $ 367,604
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, 2020
Board Officials
Timothy Turner $ 3,840
Daniel Evans 4,160
Christopher Gross 3,680
Cathy Hebb 4,000
Jessica Wamsley 4,160
Superintendent Alicia Lambert $ 95,000
TUCKER COUNTY BOARD OF EDUCATION
SUPPLEMENTAL SCHEDULE OF EXPENDITURES
For the Fiscal Year Ended June 30, 2020
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
A. F. WENDLING, INC. 2,141
ADKINS HOME CENTER 12,797
ADVANTAGE TECHNOLOGY 13,998
AFT-WEST VIRGINIA 13,511
AIP 1,258
AIR FILTER SERVICES 9,081
AIRGAS 490
ALICIA RACHELLE LAMBERT 1,333
ALLEN RAPP JR 325
AMAZON.COM 463
AMBER KYLE 510
AMERICAN FIDELITY 51,853
ANITA HELMICK 421
APPLE 38,970
APPLE INC 499
APPLIED EDUCATIONAL SYSTEMS 2,500
ASSET CONTROL SOLUTIONS INC 2,700
AT&T MOBILITY 4,067
ATCO INTERNATIONAL 2,107
ATLANTIC BROADBAND 1,753
BEAR CONTRACTING 16,795
BELNICK, INC. 1,879
BEST LIFE THERAPY LLC 62,353
BLUE BIRD BUS SALES 215,224
BOWLES RICE MCDAVID GRAFF LOVE 2,625
BREWER & COMPANY OF WV INC. 1,500
BRICKSTREET MUTUAL INSURANCE 39,045
BROUGHTON SPORTS AND TROPHY 1,191
BRUCETON AG-SERVICES INC 1,620
BUCKEYE BODY AND EQUIPMENT 828
CANAAN VALLEY RESORTS, INC. 44,450
CANDACE WRIGHT 20,000
CASTO TECHNICAL SERVICES INC 2,806
CDI 58,072
CDW GOVERNMENT, INC. 21,305
CENGAGE LEARNING 10,810
CHICO ENTERPRISES 11,464
CITY OF PARSONS 12,962
CITY OF THOMAS 17,597
CLEAR VIEW VISION SERVICES 2,364
CN METALS LLC 1,896
COBER CUMMINS 3,915
COLLEGE BOARD SAT PROGRAM 2,294
COLOURS INC 1,861
COMPTROLLER OF THE TREASURY 3,994
COOLE SCHOOL 3,346
COSCO USA 2,187
COUNTRY SEEDS & SUPPLIES 1,472
CROOK BROTHERS 45,089
CUMMINS CROSSPOINT 21,810
CUPTANE L.P. GAS CO., INC. 739
DAVIS ELECTRICAL SERVICE, INC. 938
DAVIS THOMAS SCHOOL GEN. FUND 6,592
DAYS INN 1,001
DELTA DENTAL OF WV 61,519
DINSMORE AND SHOHL LLP 7,548
DISCOUNT SCHOOL SUPPLY 1,626
EASTERN AIR CORP 14,200
EDMENTUM 28,950
EDUCATIONAL FUNDING GROUP, INC 7,601
EHRLICH 4,100
ELECTRONIC SPECIALTY COMPANY 2,104
EMBASSY SUITES CHARLESTON 905
ENERGY EXPRESS 350
ERNIE GOODING 587
FAIRFAX SAND & CRUSHED STONE 1,218
FAMILY RESOURCE NETWORK, INC. 1,000
FELICIA GOLDIZEN 371
Vendor Name Amount
FIFTH THIRD BANK 148,525
FOLLETT EDUCATIONAL SERVICES 907
FRONTIER 15,703
FRONTIER COMM OF WEST VIRGINIA 60,320
FRONTLINE TECHNOLOGIES LLC 2,511
GEORGE L. WILSON & CO., INC. 1,874
GLOTFELTY ENTERPRISES INC 12,979
GLOTFELTY TIRE CENTER 344
GORDON FOOD SERVICE INC 304,221
H & H HARDWARE 1,841
HAMRICK PUBLIC SERVICE DIST 12,414
HARRIS SCHOOL SOLUTIONS 765
HARRISON COUNTY SCHOOLS 1,499
HART OFFICE SOLUTIONS 13,274
HEATHER CLOWER 348
HOOTEN EQUIPMENT 17,265
HORACE MANN LIFE INSURANCE CO 600
HPS LLC 12,506
IDENTIMETRICS, INC 1,875
INTEGRATED SPEECH SOLUTIONS 59,854
INTENSIONAL COACHING & CONSULT 8,616
INTERNAL REVENUE SERVICE 1,521,784
J. T. MARTIN COMPANY 5,476
JAMES & LAW COMPANY 37,331
JAMES CORK 313
JEFF HELMICK 319
JEROD CALIGIURI 482
JOHNSON CONTROLS 287
JONATHAN HICKS 1,118
JONES AND BARTLETT LEARNING 2,500
JOSH EVANS 325
KAREN HOTT 8,663
KAREN MORGAN 600
KATALIN MOORE 682
KELLY THOMPSON 896
KIDWELL AUTO PARTS 2,456
KIM WAMSLEY 664
KIMBERLY LIPSCOMB 530
LAMINATION DEPOT, INC. 273
LEAF 683
LEAF. 15,546
LEARNING A-Z 400
LIBERTY DISTRIBUTORS, INC. 60,265
LINCOLN FINANCIAL GROUP 3,414
LLOYD HOFF HOLDING CORPORATION 1,080
LYKINS OIL COMPANY 88,578
LYNDA C BENNETT LLC 13,260
MARION CO. BOARD OF EDUCATION 7,490
MARRIOTT INTERNATIONAL 1,451
MASON BERRY 1,680
MATHENY MOTOR TRUCK CO 15,350
MICHAEL CARR 356
MICHAEL LAMB 351
MONPOWER 334,822
MONPOWER. 55,530
MOUNTAINEER GAS 41,472
NEIL KISAMORE 1,112
NEOLA, INC 3,482
NETWORKS & MORE! INC 1,086
NEWLONS 716
OGLEBAY RESORT 255
ORIENTAL TRADING CO., INC. 351
PARCHMENT INC 567
PASS ASSURED LLC 399
PAUL PENNINGTON 729
PEARSON EDUCATION 500
PEIA 331,674
PEIA-RHBT 39,378
PERFORMANCE CHEVROLET 851
PHEAA 4,641
PHILLIPS ELECTRONICS 15,837
PRESTON-TAYLOR COMM HEALTH CTR 825
PROJECT LEAD THE WAY 12,560
QUILL CORPORATION 10,750
R M HUFFMAN 5,624
RADIO ENGINEERING INDUSTRIS 4,099
RELIASTAR LIFE INSURANCE CO. 550
RENAISSANCE LEARNING, INC. 19,476
RICHMORR & ASSOCIATES 11,259
RIGNEY DIGITAL SYSTEMS LTD CO 656
RIVERSIDE ASSESSMENTS, LLC 536
ROB’S LOCKSMITH SERVICE 1,171
ROBERT MASTEN 777
ROBYN NESTOR 410
SAM’S CLUB DIRECT COMMERCIAL 2,946
SCHOLASTIC BOOK CLUBS, INC. 1,283
Vendor Name Amount
SCHOOL HEALTH CORPORATION 819
SCHOOL MATE 920
SCHOOL OUTFITTERS.COM 6,362
SCHOOL OUTLET 1,093
SCHOOL SPECIALTY SUPPLY 892
SCOTT LAMPINEN 8,200
SCOTT M. PRESTON 6,551
SESC 698
SHOP AND SAVE 523
SMART HORIZONS 480
SMITHS AUTO PARTS 3,054
SMOKY LAKE MAPLE PRODUCTS LLC 1,917
SOSMETAL PRODUCTS INC. 439
SPORTABLE SCOREBOARDS 3,439
ST. GEORGE MEDICAL CLINIC 3,124
STARFALL EDUCATION 270
STATE ELECTRIC SUPPLY CO., INC 2,506
STATE TAX COMMISSION 282,352
STURM ENVIRONMENTAL SERVICES 468
SUE DICKSON’S 1,200
SUNNY COMMUNICATION INC 1,375
SUNRISE SANITATION SERVICES 55,098
SWANK MOVIE LICENSING 2,112
SWIVL 1,226
SYNCB/AMAZON 3,241
TALBOTT PAINT & GLASS 634
TEACHER DIRECT 662
TEACHERS PAY TEACHERS 446
TEACHING STRATEGIES 2,149
TERESA BRUSAK 535
THE PARSONS ADVOCATE 2,049
TIGER MEDICAL 340
TIMOTHY TURNER 393
TINA CARR 521
TOSHIBA FINANCIAL SERVICES 8,182
TRA SCHOOL SOFTWARE SOLUTIONS 2,034
TRACY TEETS 319
TRANSPORTATION ACCESSORIES CO. 3,720
TRAVELS CL REMITTANCE CENTER 350
TSA CONSULTING GROUP, INC. 1,276
TUCKER CO HIGH GENERAL FUND 11,383
TUCKER CO HIGH SCHOOL 550
TUCKER COUNTY HEALTH DEPT. 1,925
TUCKER VALLEY SCHOOL 420
TUCKER VALLEY SCHOOL GEN. FUND 14,472
U-LINE 943
UNITED DAIRY INC. 35,315
UNITED LABS 349
US ASSURE INS SERVICES OF FL 10,712
US CUTTER 1,102
US DEPARTMENT OF EDUCATION 1,462
US DEPARTMENT OF EDUCATION AWG 4,592
USI INSURANCE SERVICES LLC 378
VALIC 29,824
VALLEY SUPPLY COMPANY 1,123
VICKIE NESLER 6,000
VISION SERVICE PLAN 17,661
W R DRAKE CO, LLC 3,063,482
WASHINGTON NATIONAL INS. CO. 19,670
WATERFORD INSTITUTE 2,695
WEST VIRGINIA ADJUTANT 3,173
WESTERN BRANCH DIESEL INC 7,332
WESTERN MD SEPTIC 1,800
WILLIAM DILLY 38,767
WILLIAMSON SHRIVER ARCHITECTS 39,861
WILSON LANGUAGE 410
WILSON SUPPLY COMPANY 1,040
WPS 387
WV BOARD OF RISK & INSURANCE 57,334
WV BUREAU EMPLOYMENT PROGRAMS 2,637
WV CONSOLIDATED PUBLIC 352,534
WV DEPT OF EDUCATION 29,912
WV DEPT. OF AGRICULTURE 7,839
WV PAVING 560
WV PROFESSIONAL EDUCATORS 600
WV SCHOOL SERVICE PERSONNEL 4,320
WV STATE AUDITOR 19,870
WV TEACHERS DEFINED CONT. SYS. 35,084
WVASA 930
WVASHRO INC 300
WVEA 14,441
WVSBA 9,788
ZANER-BLOSER 3,186
ZINN SEPTIC SERVICE, LLC 1,656
ZONES IT SOLUTIONS INC 31,410
TOTAL 8,615,242