Legal 6 col x 19”
1005
TUCKER COUNTY, WEST VIRGINIA, BOARD OF EDUCATION
STATEMENT OF NET POSITION
June 30, 2022
Governmental
Activities
ASSETS AND DEFERRED OUTFLOWS OF RESOURCES
Assets:
Cash and cash equivalents $ 4,895,032
Investments 354,960
Taxes receivable, net of allowance for uncollectible taxes 20,349
Deposit with Retirement Board 81,132
Food service receivable 100,943
Other receivables 71,036
Prepaid expenses 19,879
Due from other governments:
State aid receivable 52,365
PEIA allocation receivable 173,454
Reimbursements receivable 2,321,344
Capital Assets:
Land 85,819
Buildings and improvements 30,531,958
Furniture and equipment 1,360,592
Vehicles 1,868,352
Construction in process 13,934
Less accumulated depreciation (21,435,514)
Total capital assets, net of depreciation 12,425,141
Right-of-Use Assets:
Equipment 115,095
Less accumulated amortization (28,774)
Total finance lease assets, net of amortization 86,321
Total assets 20,601,956
Deferred outflows of resources:
Pension 99,125
Other post employment benefit (OPEB) 94,277
Total deferred outflows of resources 193,402
Total assets and deferred outflows of resources $ 20,795,358
LIABILITIES, DEFERRED OUTFLOWS OF RESOURCES, AND NET POSITION
Liabilities:
Salaries payable and related payroll liabilities $ 988,898
PEIA premiums payable 217,047
Compensated absences 15,997
Accounts payable 76,379
Other post employment benefit payable 19,784
Long-term obligations:
Due within one year:
Finance lease liability 27,863
Due beyond one year:
Finance Lease liability 60,988
Net pension liability – Proportionate Share 25,458
Net other post employment benefit (OPEB) liability – Proportionate Share 5,702
Total liabilities 1,438,116
Deferred inflows of resources: Pension 246,022
Other post employment benefit (OPEB) 413,846
Other (4,229)
Total deferred inflows of resources 655,639
Total liabilities and deferred inflows of resources $ 2,093,755
Net Position:
Net Investment in Capital Assets $ 12,425,141
Restricted for:
Special projects 442,597
Capital projects 12,695
Unrestricted 5,821,170
Total net position $ 18,701,603
The notes are an integral part of the financial statements, however, to conserve space they are
not included in the publication but are available to view at the board office.
TUCKER COUNTY, WEST VIRGINIA, BOARD OF EDUCATION
STATEMENT OF ACTIVITIES
For the Fiscal Year Ended June 30, 2022
Program Revenues Net (Expense),
Operating Capital Revenue & Changes
Charges for Grants and Grants and in Net Assets
Functions Expenses Services Contributions Contributions Governmental Activities:
Governmental activities:
Instruction $ 7,485,974 $ – $ 2,459,330 $ – $ (5,026,644)
Supporting services:
Students 586,850 – 453,824 – (133,026)
Instructional staff 175,685 – 55,367 – (120,318)
General administration 501,310 – – – (501,310)
School administration 523,840 – – – (523,840)
Central services 411,744 – – – (411,744)
Operation and maintenance of facilities 1,340,112 – – 244,812 (1,095,300)
Student transportation 968,986 17,796 – – (951,190)
Other support services – – – – –
Food services 855,560 1,399 777,386 – (76,775)
Community services – – – – –
Interest on long-term finance leases 6,192 – – – (6,192)
Total governmental activities 12,856,253 19,195 3,745,907 244,812 (8,846,339)
General revenues:
Property taxes $ 4,000,814
Unrestricted state aid 5,756,871
Unrestricted investment earnings 2,640
Unrestricted grants and contributions 314,515
Gain (loss) on disposal of capital assets –
Transfers in 280,058
Transfers (out) (280,058)
Total general revenues, extraordinary items and transfers 10,074,840
Change in net position 1,228,501
Net assets- beginning 17,473,102
Net position – ending $ 18,701,603
The notes are an integral part of the financial statements, however, to conserve space they are not included in the publication but are available to view 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, 2022
Net change in fund balances – total governmental funds $ 133,122
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 (892,886)
Capital outlays 4,504,996
Governmental funds report capital outlays as expenditures.
However, in the statement of net position, the cost of lease assets is
allocated over their estimated useful lives and reported as
amortization expense. The effect on net position is the amount by
which capital outlays exceed amortization in the current period.
amortization expense (28,774)
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 (576,509)
Operating Grants and Contributions 2,049,988
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 (4,233,903)
Accumulated depreciation of assets disposed –
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 (4,107)
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 9,700
Cost of benefits earned net of employee contributions 59,671
Government 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 29,750
Cost of benefits earned net of employee contributions 151,209
Finance Lease payables are reported as liabilities in the statement of
net position, but are only reported in government funds to the extent
they have matured. This is the only amount by which finance lease
payables decreased. 26,244
Change in net position of governmental activities $ 1,228,501
The notes are an integral part of the financial statements, however, to conserve space they are
not included in the publication but are available to view at the board office.
TUCKER COUNTY, WEST VIRGINIA, BOARD OF EDUCATION
BALANCE SHEET – GOVERNMENTAL FUNDS
June 30, 2022
Special Revenue
General Special Special Revenue Federal Stimulus Capital
Current Revenue School Activity and Stabilization Projects Total
Expense Fund Fund Fund Fund Governmental
ASSETS AND DEFERRED OUTFLOWS OF RESOURCES
Assets:
Cash and cash equivalents $ 4,468,998 $ – $ 426,034 $ $ – $ 4,895,032
Investments 354,960 – – – 354,960
Taxes receivable, net 20,349 – – – 20,349
Deposit with Retirement Board 81,132 – – – 81,132
Prepaid expenses 19,879 – – – 19,879
Food service receivable, net – 100,943 – – 100,943
Other receivables 70,836 – 200 – 71,036
Due from other governments:
State aid receivable 52,365 – – – 52,365
PEIA allocation receivable 173,454 – – – 173,454
Reimbursements receivable 17,066 1,292,033 – 1,004,346 7,899 2,321,344
Due from other funds 1,939,898 – 16,363 12,695 1,968,956
Total assets $ 7,198,937 1,392,976 442,597 1,004,346 20,594 10,059,450
Deferred outflows of resources – – – – – –
Total deferred outflows of resources – – – – – –
TOTAL ASSETS PLUS DEFERRED OUTFLOWS
OF RESOURCES $ 7,198,937 $ 1,392,976 $ 442,597 $ 1,004,346 $ 20,594 $ 10,059,450
LIABILITIES, DEFERRED INFLOWS OF RESOURCES AND FUND BALANCES
Liabilities:
Salaries payable and related payroll liabilities $ 751,268 $ 199,687 $ – $ 37,943 $ – $ 988,898
Other post employment benefits payable 16,960 2,189 – 635 – –
PEIA premiums payable 186,784 24,012 – 6,251 – 217,047
Accounts payable & Payable to others 38,401 32,091 – 5,887 – 76,379
Due to other funds – 1,015,326 – 953,630 – 1,968,956
Total liabilities 993,413 1,273,305 – 1,004,346 – 3,251,280
Deferred inflows of resources 62,475 987,969 1,004,346 7,899 2,062,689
Total deferred inflows of resources 62,475 987,969 – 1,004,346 7,899 2,062,689
Fund Balances:
Nonspendable 19,879 – – – – 19,879
Restricted – – 442,597 – – 442,597
Committed – – – – – –
Assigned 108,708 – – – – 108,708
Unassigned 6,014,462 (868,298) – (1,004,346) 12,695 4,154,513
Total fund balances 6,143,049 (868,298) 442,597 (1,004,346) 12,695 4,725,697
TOTAL LIABILITIES, DEFERRED INFLOWS OF
RESOURCES AND FUND BALANCES $ 7,198,937 $ 1,392,976 $ 442,597 $ 1,004,346 $ 20,594 $ 10,059,450
Total fund balance $ 4,725,697
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 12,425,141
Finance lease assets used in governmental activities are not financial resources and, therefore, are not reported in the funds 86,321
Other deferred charges are not reported in the funds 2,064,507
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 2,411
Deferred outflows and inflows of resources related to pensions are applicable to future periods and, therefore, are not reported in the funds
Deferred outflows of resources related to pensions 99,125
Deferred inflows of resources related to pensions (246,022)
Deferred outflows of resources related to OPEB 94,277
Deferred inflows of resources related to OPEB (413,846)
Some liabilities, including net pension obligations, are not due and payable in the current period and, therefore, are not reported in the fund
Compensated absences (15,997)
Net pension liability – proportionate share (25,458)
Net OPEB liability – proportionate share (5,702)
Finance lease liability, due within one year (27,863)
Finance lease liability, due beyond one year (60,988)
Net position of governmental activities $ 18,701,603
The notes are an integral part of the financial statements, however, to conserve space they are not included in the publication but are available to view 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, 2022
Special Revenue
General Special Special Revenue Federal Stimulus Capital
Current Expense Revenue School Activity and Stabilization Projects Total
Fund Fund Fund Fund Fund Governmental
Revenues:
Property taxes $ 4,000,814 $ – $ – $ – $ – $ 4,000,814
Other Local sources 53,699 45,456 533,509 – – 632,664
State sources 7,995,755 389,121 – – 244,812 8,629,688
Federal sources 156,612 1,202,092 – 178,416 – 1,537,120
Total revenues 12,206,880 1,636,669 533,509 178,416 244,812 14,800,286
Expenditures:
Instruction 6,151,886 1,208,463 454,029 574,040 – 8,388,418
Supporting services:
Students 527,807 37,750 – 73,377 – 683,934
Instructional staff 4,880 106,871 – 74,633 – 186,384
General administration 629,403 – – – – 629,403
School administration 700,755 1,743 – – – 702,498
Central Services 424,615 1,805 – 94,476 – 520,896
Operation and maintenance of facilities 1,292,165 3,590 – 61,895 – 1,357,650
Student transportation 1,023,728 14,073 – 8,737 – 1,046,538
Other support services – – – – – –
Food services 94 880,884 – 18,544 – 899,522
Community services – – – – – –
Capital outlay – 11,754 – – 207,731 219,485
Finance Leases:
Principal payment expense 26,244 – – – – 26,244
Interest expense 6,192 – – – – 6,192
Total expenditures 10,832,769 2,266,933 454,029 905,702 207,731 14,667,164
Excess (deficiency) of revenues over
expenditures 1,374,111 (630,264) 79,480 (727,286) 37,081 133,122
Other financing sources (uses):
Transfers in 212,938 28,548 38,572 – – 280,058
Transfers (out) (19,884) (114,171) (39,205) (106,798) – (280,058)
Total other financing sources (uses) 193,054 (85,623) (633) (106,798) – –
Net change in fund balances 1,567,165 (715,887) 78,847 (834,084) 37,081 133,122
Fund balances- beginning 4,575,884 (152,411) 363,750 (170,262) (24,386) 4,592,575
Fund balances -ending $ 6,143,049 $ (715,887) $ 442,597 $ (1,004,346) $ 12,695 $ 4,725,697
The notes are an integral part of the financial statements, however, to conserve space they are not included in the publication but are available to view at the board office.
TUCKER COUNTY, WEST VIRGINIA,
BOARD OF EDUCATION
SUPPLEMENTAL SCHEDULE OF EXPENDITURES
For the Fiscal Year Ended June 30, 2022
Board Officials
Timothy Turner $ 1,760
Daniel Evans 4,320
Christopher Gross 3,680
Cathy Hebb 4,160
Jessica Wamsley 4,320
Teresa Simmons 2,400
Superintendent – Alicia Lambert $ 98,000
TUCKER COUNTY, WEST VIRGINIA,
BOARD OF EDUCATION
SUPPLEMENTAL SCHEDULE OF EXPENDITURES
For the Fiscal Year Ended June 30, 2022
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 V LAUTTAMUS COMMUNICATIONS 1,465
A. F. WENDLING, INC. 1,580
AASA 470
ABSOLUTE ASSURANCE DRUG TESTING 778
ADKINS HOME CENTER 14,401
AIP 1,169
AIR CLEANING SPECIALISTS, INC. 4,686
AIR FILTER SERVICES 11 ,291
AIRGAS 4,610
ALICIA RACHELLE LAMBERT 841
ALLDATA 1 ,200
ALPHA TECHNOLOGIES 2,220
AMERICAN FIDELITY 67,547
APPLE 8,078
APPLE INC 1,849
APPLIED EDUCATIONAL SYSTEMS 2,500
APPTEGY INC 15,710
ASSET CONTROL SOLUTIONS INC 750
AT&T MOBILITY 2,709
ATCO INTERNATIONAL 3,805
ATLANTIC BROADBAND 2,132
AUTOZONE STORE 6458 4,433
BARBARA THORN 600
BEST LIFE THERAPY LLC 109,990
BLUE BIRD BUS SALES 11,164
BLUUM OF TEXAS LLC 1,076
BOWLES RICE, LLP 45,050
BREEZELINE 1,368
BREWER & COMPANY OF WV INC. 1,500
BRUCETON AG-SERVICES INC 387
CADLINK TECH CORP 299
CANAAN MOUNTAIN ENTERPRISE,LLC 650
CANDACE WRIGHT 27,000
CAREER SAFE 450
CARR’S AG REPAIR LLC 1,360
CASCO USA 3,572
CASTO TECHNICAL SERVICES INC 1,190
CDI 12,995
CENGAGE LEARNING 9,213
CHARGINGATU LLC 1,200
CITY OF PARSONS 17,815
CITY OF THOMAS 32,898
CLEAR VIEW VISION SERVICES 2,669
COBER CUMMINS 3,168
COLOURS INC 1,965
COLOURS 27 10,030
COOLE SCHOOL 1,920
COUNTRY SEEDS & SUPPLIES 5,036
CPI 940
CRAIG J. BOYKIN 5,000
CROOK BROTHERS 103,774
CUMBERLAND PIPE & STEEL 2,754
CUMMINS CROSSPOINT 8,671
CUPTANE L.P. GAS CO., INC. 1,964
CURRICULUM ASSOCIATES, INC. 37,600
DAVIS ELECTRICAL SERVICE, INC. 554
DAVIS SHOP N SAVE 356
DAVIS THOMAS ELEMENTARY MIDDLE 9,087
DELTA DENTAL OF WV 65,008
DICK BLICK COMPANY 370
DINSMORE AND SHOHL LLP 24,420
DISCOUNT SCHOOL SUPPLY 6,118
EASON HORTICULTURAL RESOURCES 2,008
EASTERN AIR CORP 4,000
EASTERN WV COMMUNITY & TECH 1,720
ECOLAB, INC. 727
EDMENTUM 480
EDUCATIONAL FUNDING GROUP, INC 2,800
EHRLICH 4,080
ELECTRONIC SPECIALTY COMPANY 1,597
ELKINS BULDERS SUPPLY CO. 325
ELKINS CDJR 19,875
EYECLICK 5,500
FAIRFAX SAND & CRUSHED STONE 2,868
FAIRMONT STATE UNIVERSITY 250
FIFTH THIRD BANK 189,685
FIRST BOOK MARKETPLACE 2,156
FOLLETT EDUCATIONAL SERVICES 978
FRIENDLY INFLATABLES LLC 1,050
FRONTIER 24,574
FRONTIER COMM OF WEST VIRGINIA 36,588
FRONTLINE TECHNOLOGIES GROUP 3,145
GLOTFELTY ENTERPRISES INC 14,084
GLOTFELTY TIRE CENTER 434
GOODHEART-WILCOX 1,152
GORDON FOOD SERVICE INC 302,721
GRAINGER 2,496
GRANT COUNTY MULCH INC 320
H & H HARDWARE 4,079
HAZLETT MECHANICAL 250
HAMRICK PUBLIC SERVICE DIST 6,133
HART OFFICE SOLUTIONS 3,646
HATCH 2,865
HOBART 1,953
HORACE MANN LIFE INSURANCE CO 600
HORIZON MEDICAL TECHNOLOGIES 2,305
HOUGHTON MIFFLIN COMPANY 561
HOUGHTON MIFFLIN HARCOURT 6,979
HPS LLC 2,510
HUDL 8,000
IISC – EDUCATION 1,499
IMPERO SOLUTIONS INC 600
INTEGRATED SPEECH SOLUTIONS 80,157
INTERNAL REVENUE SERVICE 1,647,579
J. T. MARTIN COMPANY 4,870
JAMES & LAW COMPANY 98,343
JAMES ALEX CORK 1,261
KAPLAN SCHOOL SUPPLY 478
KAREN HOTT 4,125
KIDWELL AUTO PARTS 4,512
LAKESHORE LEARNING MATERIAL CO 437
LEAF. 32,075
LEGO EDUCATION 1,360
LIBERTY DISTRIBUTORS, INC. 86,169
(1) Continued on next page
LINCOLN FINANCIAL GROUP 3,692
LLOYD HOFF HOLDING CORPORATION 720
LYKINS OIL COMPANY 112,927
LYNDA C BENNETT LLC 6,760
MARION CO. BOARD OF EDUCATION 5,159
MARK CLAYTON 650
MARRIOTT INTERNATIONAL 330
MARY’S GREENHOUSE 630
MASON & BARRY, INC. 18,710
MATHENY MOTOR TRUCK CO 15,770
MCCLAIN PRINTING COMPANY 370
MCGRAW-HILL 23,928
MELIOR INC 2,500
MICHELE MULLENAX 340
MONIKA WELDON 9,920
MONPOWER 368,517
MOUNTAIN MATH/LANGUAGE 420
MOUNTAINEER GAS 53,456
MOUNTAINEER POWER EQUIPMENT 286
MPS ACCOUNTS RECEIVABLE 2,971
NALCO COMPANY 7,900
NATIONAL UNION FIRE INS CO 2,500
NEOLA, INC 4,865
NETWORKS & MORE! INC 1,083
NF MANSUETTO & SONS INC 1,597
O.C.CLUSS LUMBER COMPANY 3,970
PARCHMENT INC 623
PEARSON EDUCATION 270
PEIA 390,805
PEIA-RHBT 25,038
PHILLIPS ELECTRONICS 19,360
PLAY WITH A PURPOSE 275
PRESTON-TAYLOR COMM HEALTH CTR 500
QUILL CORPORATION 12,837
R M HUFFMAN 5,742
RICHMOOR & ASSOCIATES INC 3,372
RIGNEY DIGITAL SYSTEMS LTD CO 1,572
RIVERSIDE INSIGHTS 902
ROB’S LOCKSMITH SERVICE 5,187
ROBERTSON HEATING SUPPLY CO 665
SAFETY KLEEN CORP. 1,008
SAM’S CLUB DIRECT COMMERCIAL 3,272
SAVVAS LEARNING COMPANY 1,867
SCHOLASTIC INC 917
SCHOOL CASH SUPPLIES 577
SCHOOL HEALTH CORPORATION 2,622
SCHOOL MATE 722
SCHOOL SPECIALTY LLC 1,031
SCOTT LAMPINEN 16,150
SESC 6,532
SHERIFF OF TUCKER COUNTY 6,965
SHOP AND SAVE 1,794
SMART HORIZONS 900
SOFTDOCS SC, LLC 59,846
SOURCE4 395
ST. GEORGE MEDICAL CLINIC 17,366
STANDARD CERAMICS 372
STARFALL EDUCATION 355
STATE CHEMICAL MANFACTURING CO 324
STATE ELECTRIC SUPPLY CO., INC 14,003
STATE TAX COMMISSION 321,192
STURM ENVIRONMENTAL SERVICES 796
SUE DICKSON’S 2,668
SUNNY COMMUNICATION INC 505
SUNRISE SANITATION SERVICES 78,870
SUSI EPPERSON CONSULTING LLC 350
SYNCB/AMAZON 337
T D’S CLASSIC TEES 1,379
TALBOTT PAINT & GLASS 561
TAPCO 5,501
TEACHER DIRECT 891
THE PAINT STORE 1,275
THE PARSONS ADVOCATE 1,759
TOTAL MOBILITY 1,351
TRA SCHOOL SOFTWARE SOLUTIONS 2,200
TRANSPORTATION ACCESSORIES CO. 3,234
TRAVELS CL REMITTANCE CENTER 42,505
TSA CONSULTING GROUP, INC. 1,380
TUCKER CO HIGH SCHOOL 14,365
TUCKER COUNTY HEALTH DEPT. 1,630
TUCKER VALLEY SCHOOL 15,121
U-LINE 2,142
UNIQUE PAVING MATERIALS 327
UNITED DAIRY INC. 44,733
USI INSURANCE SERVICES LLC 756
VALIC 8,104
VICKIE NESLER 9,568
VISION SERVICE PLAN 18,767
W R DRAKE CO, LLC 197,684
WASHINGTON NATIONAL INS. CO 18,904
WEBER ASSOCIATES 1,914
WENDLING 5,329
WEST VIRGINIA ADJUTANT 47,144
WESTERN MD SEPTIC 540
WILLIAMSON SHRIVER ARCHITECTS 12,971
WORKFORCE WEST VIRGINIA 1,760
WORLD FUEL SERVICES 36,266
WORTHINGTON DIRECT 334
WV BOARD OF RISK & INSURANCE 66,460
WV CARPENTER TRAINING CENTER 2,946
WV CONSOLIDATED PUBLIC 338,103
WV DEPARTMENT OF EDUCATION 50,000
WV DEPT. OF AGRICULTURE 6,548
WV DI-IHR 600
WV STATE AUDITOR 24,960
WV TEACHERS DEFINED CONT. SYS 25,691
WVASA 1,530
WVSBA 11,315
ZANER-BLOSER 4,652
ZINN SEPTIC SERVICE, LLC 1,684
ZONES IT SOLUTIONS INC 94,021
3P LEARNING INC 498
TOTAL 6,148,619
(2)